TradingKey

A renewed surge in US Treasury yields and rising oil prices weighed on market sentiment. All three major US stock indexes closed lower, but AI hardware stocks bucked the trend to move higher, with memory and optical communication stocks leading the gains. At the close, the Dow Jones Industrial Average fell 1.32% to 52,759.21; the Nasdaq Composite Index dropped 1.00% to 26,067.17; and the S&P 500 Index declined 0.87% to 7,641.16.

People familiar with the matter said that Anthropic PBC is accelerating its preparations for an initial public offering and could publicly file its IPO application as early as the end of this month. Media reports previously indicated that Anthropic would officially go public in October this year.

On August 20, Eastern Time, U.S. stocks suffered another setback. Despite U.S. Treasury Secretary Bessent stating readiness to further scale up bond buybacks—with single long-term bond buyback operations potentially exceeding $4 billion—U.S. Treasury yields continued to surge. The 30-year Treasury yield rose as much as 6 basis points to 5.26%, returning to levels seen before Treasury Secretary Bessent announced the expanded buyback plan on Wednesday. The 10-year Treasury yield climbed in tandem by a similar magnitude.

Walmart (WMT) reported second-quarter sales before the U.S. market open that exceeded Wall Street expectations and raised its full-year performance forecast. However, full-year earnings per share (EPS) guidance came in below expectations, sending its stock down by around 10%.

Micron (MU) shares pulled back slightly after breaking above $1,000 and are currently hovering around $950. Bank of America believes artificial intelligence may have broken the memory boom-and-bust cycle, projecting long-term and massive earnings growth for Micron Technology. According to BofA's scenario model, Micron's revenue could reach $377.3 billion in fiscal year 2030, far exceeding the market consensus of $280.5 billion. On the profitability front, BofA expects its EPS to reach $236.16, representing a compound annual growth rate (CAGR) of up to 34.1%. The market's current valuation of Micron remains relatively conservative, standing at only about 6 times projected FY2027 earnings.

Eli Lilly’s Q2 revenue rose 48% to $22.97B as Mounjaro and Zepbound generated $14.87B. Guidance increased, while LLY tests record-high resistance.

On August 20, Eastern Time, Bitcoin (BTCUSD) extended its rally, briefly surging past $72,000 to touch its highest level since early June. Having long hovered near $60,000, Bitcoin staged a rapid surge in a short period, reflecting a clear recovery in market risk appetite.

AMZN Q2: Revenue $200.6B (+20%, beat), EPS $5.75 (massive beat on $1.81 est), AWS $42.2B (+37%), operating income +43%. Capex $220B, FCF negative. Stock $265, hit $3T market cap. Regulatory risk (NJ antitrust suit). Technical: $256-287 range, breakout needed.

XRP extended its gains to 18%, approaching $1.20, with technical analysis predicting a potential further surge of 30%.

TradingKey - AI cloud computing company CoreWeave (CRWV) announced on Thursday that it has signed a multi-year partnership agreement with Hudson River Trading (HRT), a globally renowned quantitative trading firm. Under the agreement, HRT will use CoreWeave's AI cloud platform to build next-generation research infrastructure for AI-driven quantitative research, complex model training, and trading strategy development. The specific contract value was not disclosed in the official announcement.

Hyperliquid surged over 20% to break above $70, poised to continue reaching new record highs.

NFLX Q2: Revenue $12.56B (+13%), EPS $0.80 (beat), operating margin 33.4%, FCF $1.53B. Ads $3B 2026 target. Engagement 97B hours +2%. Stock down 36% from peak. Ackman's Pershing Square entered stake. $80 support key, $90-94 target. Oct 20 earnings next.

TradingKey - On Thursday (August 20) Eastern Time, futures on the three major U.S. stock indexes fell across the board in pre-market trading. While the U.S. Treasury's expansion of long-term bond buybacks temporarily eased bond market pressure, buying momentum has since cooled. Meanwhile, hawkish signals from the Federal Reserve's July meeting minutes and oil prices rising to a nearly four-week high limited further recovery in risk sentiment. Bitcoin breaking above $70,000 boosted crypto-related stocks in pre-market trading, helping Nasdaq futures show relative resilience.

TSLA Q2: Revenue $28.24B (+26%, beat), EPS $0.33 (MISS -35%), operating margin 1.4%, FCF -$1.09B. Capex +142% to $5.79B. Cybercab production begun. Robotaxi in 7 cities. $350 stock tests $338-376 recovery target. Capex concern persists.

Bitcoin surged toward $72,000, driving a broad rally in crypto-related stocks, with Strategy extending its gains by 10%.

TradingKey - Google is accelerating the expansion of its custom AI chip footprint, with Marvell (MRVL) becoming the latest beneficiary. On August 19, Marvell's stock surged more than 13% intraday and ultimately closed up 9.85%.

TradingKey - According to the latest supply chain reports, TSMC (TSM) has completed the development and verification of its 1.6nm-class A16 process, targeting the launch of mass production in the fourth quarter of 2026. This timeline is largely consistent with TSMC's previous official statement that "A16 will enter mass production in the second half of 2026," signaling that following 2nm, the company's next-generation advanced process technology is accelerating toward commercialization.

Bitcoin surged 11% in a single day, rising above $71,000 and reaching a more than two-month high.

If the ETH price breaks above and stabilizes at $2,300, it would signal a reversal of the current downtrend and significantly boost bullish market sentiment. The next resistance level lies at $2,800, representing approximately 22% upside from current levels.

TradingKey - On August 20, Eastern Time, SK Hynix (SKHY), in collaboration with the University of Virginia, the Massachusetts Institute of Technology (MIT), and several other institutions, published a paper in the premier international journal *Nature Electronics*, systematically disclosing its Co-Packaged Optics (CPO) technology roadmap for the first time. Driven by the dual catalysts of the CPO roadmap release and a 40 trillion KRW (approximately $28.6 billion) share buyback plan, SK Hynix shares closed up 12.73% for the day at 1.691 million KRW.