TradingKey

On August 24 Eastern Time, constituents of the Philadelphia Semiconductor Index fell across the board, with AI hardware stocks pulling back collectively. Memory, optical communications, and chip stocks led the decline.

Nvidia (NVDA) announced on Monday that SpaceX's (SPCX) artificial intelligence division, SpaceXAI, will deploy Nvidia Vera CPUs to develop and run next-generation agentic AI applications. The chips will be utilized across multiple projects, including the Grok chatbot, helping manage tasks among tool calling, code execution, data analysis, and model inference to reduce response times for AI agents.

On August 24, Eastern Time, Micron (MU) shares fell below the $900 mark again, dropping by as much as 7% intraday, but this does not indicate any change in the memory supply shortage landscape.

After Alibaba (BABA) announced a share placement, the market initially responded with a sell-off, but the stock price did not continue to slide. Meanwhile, several top investment banks maintain a positive outlook on the company.

TradingKey - MS Q2: Revenue $21.35B (+27% YoY), EPS $3.46 (+62%), ROE 20.7%, ROTCE 26.6%. Institutional Securities $11.04B (+44%), equities $6.30B (+69%), IB $2.44B (+58%). Wealth $8.86B (+14%), inflows $148.1B record, fee assets $3.02T. IM AUM $2.0T.

TradingKey - PLTR Q2: Revenue $1.935B (+93% YoY), U.S. comm $764M (+149%), U.S. govt $809M (+90%), EPS $0.41 (+18%). TCV $3.37B, NDR 157%, Rule of 40 155%. Guidance FY $8.15B (+82%). AIP wins head-to-head. 220 deals $1M+, 653 U.S. customers.

TradingKey - Michael Wilson, Chief U.S. Equity Strategist at Morgan Stanley (MS), warned that another significant surge in oil prices could become one of the biggest risks currently facing the U.S. stock market. He advised investors to appropriately allocate to energy stocks to mitigate the impact of spiking oil prices on equity portfolios.

TradingKey - On August 24 US Eastern Time, Pinduoduo (PDD) experienced sharp volatility in US pre-market trading. Following the release of its second-quarter earnings report, its stock price initially plunged over 5% before quickly rebounding into positive territory, rising as much as over 5% to $92.91.

TradingKey - GS Q2: Revenue $20.34B (+39% YoY), EPS $20.98 (+92%), ROE 23.5%, ROTE 25.5%. GBM $15.52B (+53%), equities $7.42B (+72%), FICC $4.59B (+32%), IB $3.4B (+55%). AWM $4.6B (+20%), AUM $4.04T. Dividend $5.00 (from $4.50).

TradingKey — On Monday, August 24 Eastern Time, futures on the three major US stock indexes were mostly lower in pre-market trading. Tech stocks came under broad pressure, and with the Federal Reserve's policy outlook remaining uncertain, global equities got off to a weak start in a crucial week as overall market sentiment remained cautious.

TradingKey - TSLA: Nevada robotaxi approval Aug 20 (5,000 vehicle permit, full Clark County coverage). China recall 2.98M vehicles Aug 21 (door handles). Q2 revenue $28.236B (+26%), 480,126 deliveries, Shanghai up 37.8%. Cybercab employee testing Aug 17. Energy +13%, margin fell 30.3% to 20.4%. Cape

TradingKey - After the market close on August 21 ET, Applied Optoelectronics (AAOI) filed with the SEC, announcing the launch of an At-the-Market (ATM) offering program of up to $600 million. Sales agents Raymond James and Needham are entitled to commissions of up to 2% of the total gross proceeds. Affected by the news, the stock dropped approximately 10% to around $112 in after-hours trading that day. In pre-market trading on Monday, August 24, the decline widened further to over 12%.

TradingKey - Cybersecurity company CrowdStrike (CRWD) will release its second-quarter fiscal 2027 financial results after the market close on August 26 Eastern Time.

TradingKey - SoftBank Group plans to issue up to 1 trillion yen (approximately $6.3 billion) in retail bonds in Japan to raise funds for OpenAI and other artificial intelligence projects. If successfully completed, this will mark the largest retail bond issuance by a Japanese corporation and further demonstrates that Masayoshi Son's AI vision is entering a more capital-intensive phase.

TradingKey - As of the European session on August 24, gold (XAUUSD) extended its strong momentum from last week today, holding firmly above $4,600 intraday and peaking at $4,659.92, marking a new high in nearly three months. Gold prices accumulated a gain of over 5% last week, and bulls continued to hold the upper hand after the market opened this week. The primary drivers behind the recent sustained rally in gold prices are the persistent weakness in the US dollar and safe-haven demand triggered by US fiscal and debt concerns.

TradingKey - Alibaba's (9988) share price came under significant pressure on Monday, falling over 10% at one point during intraday trading in Hong Kong.

TradingKey - According to a report by The Information citing people familiar with the matter, Nvidia (NVDA) is in talks to participate in a new funding round for Perplexity at a valuation of over $30 billion. If completed, the deal would be one of its largest investments in the AI application layer, signaling the chipmaker's push to expand from a hardware supplier into a dominant player in the AI ecosystem.

If Bitcoin holds firmly above $80,000, it suggests a strong market risk appetite has been established. Capital is expected to follow the rotation path and spread toward major Layer-1 public chains such as Ethereum (ETH), Solana (SOL), and XRP (XRP), while also signaling a shift in technical resistance levels.

TradingKey - Ahead of the US market open on August 24, Pinduoduo (PDD) will report its financial results for the second quarter of 2026 and host an earnings call at 7:30 a.m. Eastern Time.

Japanese and South Korean stock markets faced heavy sell-offs, with Samsung Electronics plunging 8% and dragging down the KOSPI, while SK Hynix, Kioxia, and SoftBank all traded lower.