TradingKey

Although Alphabet's Q2 revenue and profit both beat expectations, the stock price faced downward pressure as a significant upward revision in AI capital expenditures for 2026 squeezed free cash flow. Looking ahead over the next five years, while the stock price may reach new highs, the probability of it rising to $1,000 is extremely low, as the company faces multiple headwinds including persistently high capex, challenges from AI competitors, and the shadow of antitrust regulation.

AMD held Advancing AI 2026 this week. Helios is in full production at $5-5.5M per rack. A new Anthropic deal adds 2 gigawatts and a $5B equity investment. Intel's earnings gave a positive read-through. Q2 earnings are August 4. At $547, here is what the event delivered and what comes next.

TradingKey - In the coming week, global financial markets will face the most intensive window for central bank decisions and economic data in July. The Federal Reserve, the Bank of England, and the Bank of Japan are scheduled to announce their respective interest rate decisions. Following international oil prices breaking above $100 and pushing up inflation expectations, market concerns regarding further policy tightening by major central banks have significantly intensified.

SpaceX ended the week at $116, down 47% from its June IPO-era high of $225.64. Starship 13 was delayed again Thursday. Earnings August 4 could also trigger the first lock-up. Short interest 32%. Here is the week in review and what next week holds.

TradingKey - As of July 23 Eastern Time, Tesla (TSLA) shares closed at $319.69, falling 14.56% from the previous trading day. Although the company's Q2 earnings report showed significant improvements in revenue and delivery data, the stock price failed to gain sustained momentum. The primary reasons include earnings falling short of expectations, pressure on automotive gross margins, negative free cash flow, and rising capital expenditures related to AI, Robotaxi, and Optimus.

TradingKey - TSMC recently announced an additional $100 billion investment, increasing its total planned investment in the U.S. from $165 billion to $265 billion. Meanwhile, the company raised its 2026 capital expenditure guidance to $60 billion–$64 billion, reflecting management's confidence in the long-term demand for AI chips.

TradingKey - On July 28-29 Eastern Time, the Federal Reserve will convene its seventh monetary policy meeting of 2026. While this should have been a routine event, Wall Street's sentiment is markedly different this time, as no one can predict the outcome in advance.

Based on criteria such as platform scale, product comprehensiveness, US stock product offerings, liquidity, and innovation capabilities, the three most recommended crypto platforms for 2026 are Binance, Coinbase, and Bitget.

Microsoft ended the week at $381 — down 18% YTD and at its cheapest forward multiple since 2023. Azure grew 40% last quarter. Consensus expects $87.7B revenue and $4.24 EPS on July 29. Securities lawsuits, $190B capex, and a double bottom setup. Here is what matters next week.

Intel beat Q2 revenue expectations and improved margins, but an $11 billion net loss erased early gains. Here's what drove Intel's volatile earnings reaction and what investors should watch next.

TradingKey – SK Hynix (SKHY) has been listed on Nasdaq for over a week. On July 14, Eastern Time, its ADR price reached a premium of as high as 51% over its local underlying shares in South Korea, before quickly retreating to approximately 19%. Since then, the premium has not continued to narrow but has instead widened again; on July 21, the ADR premium stood at about 29.8%. This significant pricing divergence for the same company’s stock across two markets is the result of the combined effects of ADR trading mechanisms and arbitrage windows.

TradingKey - As of July 23, Eastern Time, AMD's stock price has risen by a cumulative 8.86% this week, reaching a high of $548.14. From a market perspective, after a four-session pullback last week, AMD's share price stopped its decline and rebounded this week. On July 21, the stock rose sharply, fueled by positive news regarding the expansion of the company's AI infrastructure cooperation with Microsoft (MSFT).

Since SpaceX (SPCX) listed on June 12, its share price has seen a retracement of over 40% from its post-IPO high. Currently hovering around $116, it remains below its $135 offering price. As the sentiment anchor for the entire space sector, the correction in SpaceX quickly spread to the broader industry. In fact, the aerospace sector has recorded a one-sided downward trend since SpaceX's listing on June 12. The Roundhill Space & Technology ETF (MARS), which tracks space themes, fell 8% on the day of SpaceX’s listing and has seen a cumulative decline of approximately 23% over the past month, with more than half of its top 10 holdings being dragged down.

Investors are still evaluating the latest developments in the Middle East conflict, and the three major U.S. stock indices closed mixed. Memory and chip stocks led the declines, while software stocks bucked the trend to strengthen. At the close, the Dow Jones Industrial Average rose 0.46% to 51,947.25 points; the Nasdaq Composite Index fell 0.64% to 24,975.82 points; and the S&P 500 Index rose 0.05% to 7,411.98 points.

On July 24, Eastern Time, Intel (INTC) shares fell more than 5% during intraday trading, dropping below the $100 psychological level following the release of its Q2 2026 financial results. Although Intel's earnings and guidance were significantly better than expected, causing after-hours shares to surge by double digits at one point, the market subsequently shifted its focus to the "significant upward revision of capital expenditures." As a result, the gains narrowed sharply, and the stock later turned negative.

TradingKey - Chinese AI developer Moonshot AI recently officially released its latest large language model, Kimi K3. An increasing number of analysts believe that the enhanced performance and reduced usage costs of the Kimi K3 model could lower the barrier to AI applications, leading to more users, higher frequency of calls, and larger-scale inference demand. The "Jevons Paradox" in economics may be playing out once again in the AI industry.

On July 24 ET, Apple (AAPL) shares once again neared an all-time high of $344.99. Apple is scheduled to report its third-quarter financial results on July 30. Bank of America expects the quarterly performance to exceed Wall Street consensus, forecasting revenue of $109 billion and earnings per share of $1.89. Both metrics are slightly above the consensus estimates of $108 billion and $1.87 per share. Based on these projections, Apple's year-on-year revenue growth would be 16%, approaching the upper end of the company's guidance range of 14%–17%.

Nvidia (NVDA) CEO Jensen Huang made his first post on the social media platform X on Friday, calling for open-source AI models. The post noted that early open-source pioneers broke the traditional notion that software progress relies solely on companies strictly controlling their code, instead establishing a transparent ecosystem that global developers can study, modify, and improve. Today, open-source software supports most of the internet, the core systems of the world's largest technology companies, and even critical missions for the U.S. military and federal agencies.

The escalating conflict between the U.S. and Iran has driven a unilateral rise in oil prices. WTI crude oil futures have returned to $90, while Brent crude oil futures have returned to $100, with both benchmarks reclaiming their early-June highs. Market focus is gradually shifting from the geopolitical event itself toward expectations regarding the duration of the conflict, a variable that is becoming the key factor influencing the direction of oil prices.

Lockheed Martin beat Q2 2026 EPS by 10% at $7.94, raised full-year guidance to $80.75B, and hit a $230B record backlog including a $35B THAAD contract. The stock surged 5%+ to $568. At RSI 77.7, here is what comes next.