Chesley Morning Brief: New York Stock Market, Technology Stocks Rebound, All Rise…Dow All-Time High, Tesla 8.46%↑ [2026/06/30]

Summary

The morning brief covers a broad US market rebound led by tech and AI equipment, with TSMC's strong outlook and Tesla's surge. Crypto analysis highlights Bitcoin reclaiming 60k and a key 65k level to watch. The discussion then shifts to hyper-scaler capex trends supporting AI infrastructure, Korean market rotation, and specific stock calls on undervalued Korean semiconductor materials and cosmetics firm APR.

• US equities rebounded with tech leadership, AI equipment stocks hitting new highs as capex confidence remains.
• TSMC called out for strong fundamentals with Q2 gross margin near 70% and Q3 revenue growth above 10% QoQ.
• Yutong Bus presented as a deep value play with 12% dividend yield and 54% upside potential.
• Bitcoin recovered 60k but the 65,000 level must be reclaimed to sustain the longer-term uptrend.
• Hyper-scaler capex from Microsoft, Amazon, Google, Meta is accelerating, supporting AI hardware demand.
• Korean semiconductor materials names are undervalued vs. equipment peers and poised for a catch-up re-rating.
• APR Corp's earnings remain strong while its valuation has corrected to an attractive 24x forward P/E.