VERSANT

Morning Squawk: Trump, Prediction Markets, AI Hamilton

CNBC’s Morning Squawk newsletter (published 2026-07-06) highlights five items: an exclusive interview between President Donald Trump and CNBC’s Joe Kernen covering chips, AI and economic claims; continued market strength with the Dow closing at an all-time high and investors watching Fed minutes; a large surge in prediction-market trading volumes ahead of the FIFA World Cup, with Kalsi and Polymarket reporting record monthly notional volumes; the Museum of American Finance opening a Boston headquarters featuring an AI-generated interactive Alexander Hamilton developed with the Fidelity Center for Applied Technology; and shifting travel demand as U.S. travelers favor cooler, off-peak periods. The piece also links to a breaking report that Anthropic signed a lease for TeraWulf’s Kentucky data center.

Bernstein Raises ASML Price Target After Stock Doubles

Bernstein raised its price target for U.S.-listed ASML shares to $2,623 from $1,971 and maintains an outperform rating, forecasting further gains after ASML shares more than doubled over the past year. Analyst David Dai cited an "unprecedented AI-driven expansion" in advanced logic and DRAM capacity and said High Numerical Aperture Extreme Ultraviolet (HNA EUV) lithography will likely be adopted first for DRAM due to lower exposure costs. ASML, a major supplier of HNA EUV systems used to make DRAM and high-bandwidth memory that power AI models, has seen its stock climb about 123% in the last year. The stock rose about 3% in premarket trading after Bernstein’s target increase, and LSEG data shows all 19 analysts covering ASML rate it a buy or strong buy.

Bank of America Names Q3 Stock Picks Including Spotify

Bank of America published a list of third-quarter stock picks across sectors, highlighting Spotify as a streaming pick with roughly 40% upside. The note cites catalysts for Spotify including new products, pricing tiers and expansion into podcasts, audiobooks and fitness; analyst Jessica Reif Ehrlich rates Spotify a buy with a $685 target. Bank of America analysts also flagged Visa and Walmart as top ideas — Matthew O’Neill rates Visa a buy with a $410 target (about 13% upside) and Christopher Nardone rates Walmart a buy with a $144 target (about 29% upside). Other names on the firm's list include IBM, JPMorgan Chase and Snowflake. The piece was published July 5, 2026 by CNBC.