TradingKey

TradingKey - On July 2, Eastern Time, US stock markets will be closed tomorrow for Independence Day. Today's weaker-than-expected non-farm payrolls dampened bets on Federal Reserve rate hikes, but Meta's plan to sell computing power still weighed on trading sentiment, resulting in a continued divergence among the three major US stock indices. The Dow Jones Industrial Average hit another record high, while memory and optical communication stocks led the declines. At the close, the Dow rose 1.14% to 52,900.07 points; the Nasdaq Composite fell 0.80% to 25,832.67 points; and the S&P 500 erased its losses late in the session to close at 7,483.24 points.

TradingKey - As of June 2026, the trillion-dollar club in the US stock market underwent a major shakeup during the month, with the number of global companies boasting a market capitalization of over $1 trillion growing to 16. Among them, the technology sector occupies a prominent position, reflecting strong investor confidence in both the scaling capabilities and long-term growth potential of the AI industry.

TradingKey - On July 2, Eastern Time, Apple (AAPL) shares reclaimed the $300 mark. As of press time, the stock rose 4.59% to trade at $307.88. It is reported that Apple is in negotiations with two Chinese memory chip manufacturers, ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies Corp (YMTC), to source memory chips for some of its products sold in the Chinese market. The move aims to alleviate cost pressures driven by the tight global supply of memory chips.

TradingKey - On July 2, Eastern Time, the three major US stock indexes showed mixed performance. Affected by Meta's transition into a computing power leasing provider, AI hardware stocks continued their decline today. While the Dow Jones Industrial Average hit another record high, the Nasdaq 100 Index fell 1.46%, and the Philadelphia Semiconductor Index dropped by about 5%. As of press time, the Dow Jones Industrial Average rose 0.73% to 52,685.45 points; the Nasdaq Composite Index fell 0.89% to 25,808.97 points; and the S&P 500 Index fell 0.21% to 7,467.39 points.

TradingKey - On July 2, Eastern Time, following two consecutive labor market reports that unexpectedly cooled, another Fed official stated that the current restrictive monetary policy stance will bring inflation down gradually. US non-farm payrolls for June, released today, grew by 57,000, significantly below the market expectation of 113,000, while the figures for April and May were downwardly revised by a combined 74,000. The ADP report released yesterday showed that private sector employment increased by 98,000 in June, also missing the market expectation of 118,000, marking the smallest increase since March. The two weaker-than-expected employment reports have intensified market concerns over a cooling labor market.

TradingKey - Microsoft (MSFT) trades at $384. Azure grew 40%, AI revenue hit a $37B run rate, and $627B in contracted revenue supports a $437 breakout target.

TradingKey - PepsiCo (PEP) trades at $141 ahead of July 9 earnings. Rising snack volumes, a 4% dividend hike, and strong Q2 expectations could fuel a rebound.

TradingKey - On July 2, Eastern Time, Panos Panay, head of Amazon's (AMZN) Devices & Services division, publicly detailed the company's strategic roadmap for in-house chips in its proprietary hardware for the first time during an exclusive interview on CNBC's "The Tech Download" podcast.

TradingKey - Due to the US Independence Day holiday, the June non-farm payrolls report, originally scheduled for Friday, was released early on Thursday, delivering a major disappointment that fell far short of market expectations. Data showed that US non-farm payrolls increased by only 57,000 in June, roughly half of the market forecast of 113,000, and marking a significant decline from May's sharply downward-revised 129,000.

TradingKey - Micron (MU) trades near $1,035 after a 10% pullback. Strong AI demand, Q4 guidance, and GM supply deals keep the memory supercycle intact.

I will also consider my previous explanations in alignment with analysts’ estimates (Wall Street and Seeking Alpha) on the price target at a range of $186-$197, representing 30%-36% upside potential. To me, after looking at the current performance and the estimates, I believe a $200 price target is

TradingKey - On July 2, Eastern Time, SoftBank Group and its telecommunications subsidiary SoftBank Corp. jointly announced the establishment of a joint venture, SB Neo Inc., in Delaware, USA, this month, marking their official entry into the US "neocloud" market. SoftBank Corp. will hold a 51% stake in the new company, with SoftBank Group holding the remaining 49%.

TradingKey - On July 2 local time, the EU's highest court issued a legally binding final ruling, dismissing the appeal by Google and its parent company Alphabet (GOOGL) (GOOG) against the antitrust penalty regarding the Android system, and upholding the fine of 4.1 billion euros (approximately $4.67

TradingKey - AMD stock drops 6% after hitting a record high. Strong AI demand, EPYC Venice, MI450 deals, and bullish analyst targets raise the buy-the-dip question.

TradingKey - On July 2, Eastern Time, in pre-market trading, the three major US stock index futures showed mixed performance. As of press time, Dow Jones Industrial Average futures rose 0.18%, S&P 500 Index futures fell 0.01%, and Nasdaq 100 Index futures declined 0.28%.

TradingKey - On July 1 local time, NVIDIA (NVDA) officially announced the launch of a new business model that combines revenue sharing with credit support. This model allows AI cloud service providers to deploy NVIDIA infrastructure on a large scale and provide computing power services without bearing the full upfront capital expenditures.

TradingKey - On July 2, during Asian trading hours, Nikkei Asia reported that Apple (AAPL) plans to launch at least five new iPhone models between the second half of 2026 and the first half of 2027, marking the company's most aggressive product launch pace in recent years. Against the backdrop of ongoing global smartphone component shortages, Apple is seeking to expand its market share by leveraging its stronger supply chain control.

TradingKey - As of the European trading session on July 2, WTI (USOIL) crude oil prices fluctuated weakly around $68, extending the previous downward trend. From a technical perspective, against the backdrop of easing US-Iran tensions, WTI crude oil prices have continued to decline, briefly breaking through the $68 mark today to touch a low of $67.45, marking a new low since March this year.

TradingKey - News that Meta (META) plans to sell its surplus computing power is sending shockwaves through global capital markets. This news not only shatters the market's long-held core logic of the "absolute scarcity of computing power" but also triggers deep anxiety among investors over whether the AI infrastructure bubble is about to burst.

Japanese and South Korean stock markets plummeted, with the KOSPI Index plunging nearly 8%. SK Hynix plunged over 14%, Kioxia fell over 13%, and Samsung dropped more than 9%, while SoftBank bucked the trend to rise.