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U.S. President Trump canceled airstrikes against Iran and stated that the Strait of Hormuz could reopen by tomorrow at the latest, boosting market sentiment. All three major indices rose, with the Nasdaq advancing for three consecutive days and cloud service providers leading the gains. At the close, the Dow Jones Industrial Average rose 1.32% to 53,178.41 points; the Nasdaq Composite Index gained 2.13% to 25,913.90 points; and the S&P 500 Index climbed 1.48% to 7,600.50 points.

On August 3 ET, shares of Corning (GLW) rose more than 6% intraday, returning to an upward trend after experiencing a drawdown of up to 45% in July. Reportedly, the prominent investment firm Truist Securities upgraded Corning’s rating from "Hold" to "Buy," while lowering its price target from $205 to $175. Truist analysts stated that the core logic for the upgrade is that the valuation has returned to a reasonable level. During the month of July, Corning's stock price underwent a sharp correction of approximately 45%.

On August 3, Eastern Time, GameStop (GME) shares fell more than 14%, hitting a near two-year low. GameStop announced that it has reached agreements with certain convertible bondholders to exchange approximately $1.4 billion in outstanding convertible debt for Class A common stock, a move intended to retire a significant amount of long-term debt. However, this action may dilute the equity of existing shareholders.

On August 3, Eastern Time, Google (GOOGL) shares rose more than 5%, returning to $375 and breaking through a periodic high. According to media reports, a market analysis report indicates that Google plans to deploy 12 to 15 million units of its proprietary TPU v9 AI ASIC chips by 2028. Considering analysis suggesting that Nvidia's (NVDA) AI GPU shipments may reach 12.4 million units in 2028, Google’s server AI accelerator shipment volume is expected to catch up with or even surpass Nvidia's by the year after next.

Meta bounced from the $521 double bottom to $595 today, clearing $577 resistance. Wall Street screams Buy. Cathie Wood bought $14.3M. One analyst targets $700. The fundamental concern - $784M FCF on $31B capex - hasn't changed. Here is what $615 requires.

On August 3 ET, Amazon (AMZN) shares hit a record high of $287.16, making it the fifth company in history to surpass a $3 trillion market capitalization. Amazon's recently released earnings report showed that AWS's second-quarter operating margin reached 39%. Customers, including AI labs and large enterprises, are racing to lease chips and computing equipment—to the point where business expansion is no longer constrained by market demand, but by the limits of production capacity.

Alibaba is up 39% from its $91.99 June low and broke out above $121 to reach $127.82 today. Qwen3.8-Max launched. Instant commerce losses narrowed. August 17 earnings are the next test. At $128, here is the full picture and what matters next.

Micron led the decline in memory chip stocks, which may continue to face downward pressure.

TradingKey - AMD (AMD) will report its fiscal second-quarter 2026 financial results after the market closes on August 4 ET. The latest share price stands at $476.15, having retreated approximately 12% from its June highs, though it remains up by more than 100% year-to-date.

Alphabet has recovered from $315 to $359 — a 14% bounce — reclaiming both EMAs and approaching the 1.272 Fibonacci at $364. P/E at 17.87x is the cheapest since 2019 on 24% revenue growth. Google is backing a $15B Anthropic data center in Texas. 58 analysts say Buy. Here is the setup.

SpaceX is approaching a wave of lock-up expirations; does this imply that the SPCX share price will inevitably experience a sharp decline and fall below the $100 mark?

Ripple’s expansion into institutional-grade Real World Assets (RWA) is expected to enhance the liquidity and burn rate of its native token, XRP, over the long term.

TradingKey - On Monday, August 3 (ET), the three major U.S. stock index futures rose collectively in pre-market trading. U.S. President Trump announced a suspension of attacks on Iran and a shift toward diplomatic negotiations, driving a sharp decline in oil prices and cooling energy inflation conce

Amazon surged 15.32% after Q2 2026 results showing AWS at 37% growth and $200.6B revenue. Then invested another $35B in OpenAI. At $271, the 1.618 Fib at $279 is the next test. Here is the full picture heading into the week of macro events.

Palantir's stock price rose ahead of its earnings report, but $145 may be the ceiling for its post-earnings rally.

TradingKey - During the Asian trading session on August 3, shares of Japanese memory chip giant Kioxia Holdings experienced a rollercoaster ride, falling more than 4% in early trading before staging a V-shaped reversal. The stock surged over 10% intraday and eventually closed up 5.72% at 49,140 yen (approximately $313).

TradingKey - As of the European session on August 3, USD/JPY was trading near 156.70, having dropped sharply to 155.20 during the session before recovering some of its losses. Last week, USD/JPY approached 164.00, hitting a high of approximately 40 years, but the exchange rate has since retreated fo

TradingKey - SpaceX (SPCX) will release its second-quarter 2026 financial results after the market close on August 4, Eastern Time, marking the company's first earnings report since its listing in June.

TradingKey - As of the Asian trading session on August 3, WTI Crude Oil (USOIL) prices plunged, breaking below the $80 level with an intraday decline of more than 9%, while Brent Crude Oil (UKOIL) fell by over 8% in tandem. Last week, the oil market was supported by supply disruption risks in the Middle East. However, prices retreated under pressure at this week’s opening following Trump’s statement on Saturday regarding the suspension of new military strikes against Iran, as well as the OPEC+ announcement to continue increasing production.

TradingKey - On July 28 ET, Berkshire Hathaway Class B shares (BRK.B) closed at $512.37, marking the highest closing price since November 28 of last year ($513.81), but remaining approximately 5% below the all-time closing high of $539.80 reached on May 2, 2025. Class A shares (BRK.A) also trended higher, closing at $768,010 on Tuesday, with an all-time high of $809,350 recorded on the same day.