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Oracle (ORCL) and Google Cloud announced a further expansion of their partnership, under which Google’s (GOOGL) Gemini large language models will be deeply integrated into the Oracle enterprise application suite, covering the two core product lines of Oracle Fusion Applications and NetSuite.

Alphabet is recovering from its $315 post-earnings low to $335 and is testing the descending trendline at $338.90. P/E has compressed to 17.7x. Analysts see $445 to $515. EU rivals are filing lawsuits post-DMA fine. Amazon reports today. RSI 55.

On July 30, Eastern Time, SK Hynix ADR (SKHY) shares staged a sharp rebound after a recent slump. As of writing, the stock was up over 15% at $146.39. Citigroup stated that AI demand will continue to drive up memory and flash chip prices, with supply-demand tightness expected to persist until at least 2027. Addressing concerns that a capacity surge from Chinese firms could lead to intense competition in the memory and flash markets, Citi dismissed the notion, noting that the two Chinese companies remain technically constrained in capacity. Although the expansion speeds of CXMT and YMTC are similar to those of global peers, their progress remains concentrated in mature DUV processes.

On the eve of its earnings release, Apple's plan to procure Chinese memory chips was blocked, causing its stock price to decline.

TradingKey - Data released by the U.S. Department of Commerce on Thursday showed that the U.S. Personal Consumption Expenditures (PCE) Price Index rose 3.7% year-on-year in June, down from 4.1% in May. On a month-on-month basis, the index declined 0.1%, marking the first monthly drop since April 2020 and indicating that a retreat in energy prices has driven a significant cooling in overall inflation.

Microsoft beat Q4 FY2026 estimates with revenue of $90B, Azure at 43%, and Copilot at 30M seats, and the stock surged 8.13% to $422. What made the difference vs Meta and Alphabet was steady capex guidance and demand-first framing. Here is the full breakdown.

Meta beat revenue at $60.8B (+28%) but missed EPS by 14% at $6.18 vs $7.17, free cash flow collapsed to $784M, and capex guidance was raised again. Stock fell 9.64% to $529 after hours. RSI at 16. Here is the full breakdown.

TradingKey - On Thursday, July 30 (ET), the three major US stock index futures rose collectively in pre-market trading. Microsoft's strong earnings report alleviated market concerns regarding returns on AI capital expenditure, leading the gains in Nasdaq 100 futures. However, individual stocks such as Meta (META) and Qualcomm (QCOM) weakened following their earnings releases, while long-term US Treasury yields remained elevated and the situation in the Middle East continued to keep the market cautious.

Ahead of its earnings report, Amazon has reportedly faced runaway costs across multiple AI projects, prompting engineering executives to urgently sound alarms and tighten controls.

Apple's plan to procure Chinese memory chips has been blocked by lawmakers, a move that favors the interests of Micron Technology and serves as a potential positive for its stock price.

TradingKey - On July 31, Kioxia will release its first-quarter earnings report for fiscal year 2026. However, the backdrop for this report is now entirely different from a month ago. On June 22, Kioxia's stock price reached 112,700 yen (approximately $689) per share, topping Japan's market capitalization rankings. As of the close on July 30, the price stood at 39,500 yen per share, a decline of nearly 66% from its peak. Compared to the profit figures of the past three months, the market is more focused on whether this profit growth rate can be sustained.

TradingKey - As of July 29 Eastern Time, Meta (META) released its second-quarter earnings for fiscal year 2026. While revenue grew 28% year-over-year to $60.8 billion, exceeding market expectations, Meta shares tumbled 7% in after-hours trading due to earnings missing expectations, a significant decline in free cash flow, and the continued increase in AI capital expenditure.

SpaceX has requested its suppliers to remove Chinese personnel and equipment to facilitate the acquisition of defense contracts. However, this move is expected to increase operating costs, posing a challenge to a short-term recovery in the company's share price.

TradingKey - During the Asia-Pacific session on July 30, Kioxia's share price surged over 16% in early trading before gradually retracing. By the close, the gain had narrowed to 2.92%, with the stock finishing at 39,500 yen (approximately $241).

TradingKey - The Federal Reserve did not raise interest rates at its July meeting, but Chairman Kevin Warsh's statements at the press conference sparked greater controversy than the rate decision itself.

The Federal Reserve kept interest rates unchanged, and Bitcoin continued its volatile trend, but the wave of crypto exchange collapses has placed the cryptocurrency under pressure.

TradingKey - As of the Asian session on July 30, gold prices (XAUUSD) surged and then retreated following the Federal Reserve meeting, dipping to as low as $4,028.62 during the session. From a technical perspective, gold prices briefly climbed to $4,116.28 after the Fed announced its interest rate decision but failed to hold the $4,100 level. As the market reassessed internal divisions within the Fed regarding rate hikes and U.S. Treasury yields rebounded, short-term bullish momentum for gold has significantly weakened.

TradingKey - On July 30, the closing performance of Japanese and South Korean stock markets continued to diverge. SK Hynix fell by more than 5%, Samsung dropped nearly 1%, and Kioxia rose nearly 3%.

TradingKey - During the Asia-Pacific session on July 30, Samsung Electronics disclosed its Q2 2026 financial results and held an earnings call. Operating profit for the quarter reached 89.49 trillion KRW (approximately $62 billion), representing a year-on-year increase of 1,813.8% and marking a record high for the third consecutive quarter. Samsung now ranks first among global semiconductor manufacturers in terms of quarterly earnings.

TradingKey - Microsoft (MSFT) earnings proved to the market that large-scale AI investment does not mean profitability is being eroded. Azure and other cloud services revenue grew 43% year-over-year, significantly exceeding market estimates and driving Azure’s annual revenue past the $100 billion mark for the first time. Boosted by the strong earnings report, Microsoft shares surged 8.88% in after-hours trading.