TradingKey

Following a new round of U.S. strikes on Iranian targets, Brent crude broke above $95, while the 10-year U.S. Treasury yield reached a new recent high, both weighing on market trading sentiment. Major U.S. stock indices fell, led by tech shares, while consumer and pharmaceutical stocks bucked the trend to post gains. At the close, the Dow Jones Industrial Average fell 0.79% to 52,766.88; the Nasdaq Composite Index dropped 1.03% to 26,099.77; and the S&P 500 Index lost 0.71% to 7,631.47.

As of August 2026, Nvidia retained its top spot globally with a market capitalization of $5.32 trillion, closely followed by Apple, Microsoft, and Alphabet. The biggest change in the global market cap rankings in August was SpaceX, whose market cap rose to $1.89 trillion with a monthly gain of 32.59%, while Tesla, SK Hynix, and Micron Technology also recorded sizable gains. The Philadelphia Semiconductor Index rose 1.98% in August, staging a modest recovery from a sharp 20.61% correction in July.

On September 1 Eastern Time, shares of SanDisk (SNDK) rose 5% yesterday after being included in the MSCI USA Standard Index, and subsequently reversed earlier losses to gain over 2% today. According to the latest memory industry research from TrendForce, combined revenue for the world's top five Enterprise SSD brands reached nearly $37.59 billion in the second quarter of 2026, representing a quarter-on-quarter surge of 103.6%.

After Fed Chair Kevin Warsh delivered hawkish signals at the Jackson Hole annual symposium last week, markets raised their bets on further rate hikes this year. Driven by rising rate hike expectations, the 10-year US Treasury yield hit its highest level since January 2025 for two consecutive days on Monday and Tuesday. JPMorgan's trading team stated that it has adjusted its stance on US equities from bullish to "tactically cautious/neutral" ahead of the Fed's rate decision on September 16.

TradingKey - NVDA trades near $220.78 as NVIDIA invests $3.5B in MediaTek and holds $215 support. Can buyers retest $230.49 and extend the rally?

On September 1, Eastern Time, Apple (AAPL) completed its first executive leadership transition since 2011. John Ternus, Senior Vice President of Hardware Engineering, succeeded Tim Cook as the company's eighth Chief Executive Officer, with Cook transitioning to Executive Chairman of the Board of Directors.

TradingKey - CRWD closed at $231.00 after clearing $227.53 resistance as record ARR growth and Fal.Con support momentum. Can $238.77 be the next target?

TradingKey - The trade secret dispute between Apple (AAPL) and OpenAI has flared up again. On August 31, Eastern Time, Apple submitted a new filing to the U.S. District Court for the Northern District of California, stating that recent discovery findings show OpenAI-related personnel may have obtained and used Apple's trade secrets, while also alleging the "destruction of evidence."

TradingKey - TSLA trades near $367.71 as Robotaxi and Cybercab progress offset China recall and legal risks. Can a break above $368.83 target $380.16?

TradingKey - Medtronic (MDT) reported its first-quarter fiscal 2027 financial results, with both revenue and earnings exceeding market expectations, while raising its full-year growth outlook. Boosted by the strong earnings report, Medtronic shares rose nearly 9% in pre-market trading.

TradingKey - On the first trading day of September, action camera manufacturer GoPro (GPRO) saw its pre-market stock price continue to surge. In the previous trading session, the stock closed up 46.06%, and rose over 100% at one point in pre-market trading on September 1.

TradingKey - On Tuesday (September 1) Eastern Time, futures on the three major U.S. stock indexes fell across the board in pre-market trading. Geopolitical risks escalated sharply after two supertankers were hit by unidentified projectiles in the Strait of Hormuz, driving international oil prices further up. Meanwhile, the global bond market sell-off persisted, pushing long-term government bond yields in major economies to multi-year highs and significantly dampening market risk appetite.

TradingKey - SNDK trades near $1,566.70 as SanDisk and Kioxia plan $31B of Japan investment. Can a break above $1,608 extend the AI-memory rally?

TradingKey - On the first trading day of September, U.S. stock futures moved lower across the board in pre-market trading. As of press time, Dow Jones Industrial Average futures and S&P 500 futures both fell by about 0.55%, while Nasdaq 100 futures dropped approximately 1.05%. Rising oil prices, higher U.S. Treasury yields, and heightened tensions in the Middle East combined to weigh on risk appetite.

TradingKey - As global government bond yields moved higher across the board and the US Dollar Index continued to climb, the precious metals market faced a sharp sell-off. Spot silver (XAGUSD) fell more than 3% at one point to $64.46, hitting its lowest level since August 19, while spot gold (XAUUSD) broke below $4,400 per ounce.

TradingKey - Driven by the AI boom, memory chip prices continue to rise, driving significant profit growth for manufacturers such as Samsung, SK Hynix (SKHY), and Micron (MU). However, Micron Technology, the world's third-largest memory chipmaker, is facing a labor dispute at its plant in Taiwan.

TradingKey - The AI chip market is gradually expanding from Nvidia-dominated general-purpose GPUs to custom accelerators designed in-house by cloud computing giants. Driven by this trend, Broadcom (AVGO) and Marvell Technology (MRVL) have emerged as two of the most closely watched custom AI chip stocks in the US equity market.

August 2026 marked a key turning point for the crypto market, shifting from subdued sentiment to the restart of an institutional bull market. Against the backdrop of rising U.S. rate cut expectations, a more favorable policy stance in Washington, and strong capital inflows into spot ETFs, the market's positioning structure has undergone a complete reshuffle. With the Federal Reserve's September interest rate decision and non-farm payrolls data approaching, the market will closely monitor technical consolidation following the strong rally and the sustainability of liquidity.

TradingKey - As of August 31, Eastern Time, Micron (MU) shares rose 2.77% for the day to close at $958.73, reaching an intraday high of $959.78. Following a sharp pullback from above $1,250 at the end of June, Micron's stock price has recently been consolidating in the $800–$1,000 range. As the stock currently approaches $1,000 again, its short-term trend is showing signs of improvement.

TradingKey - Global electric vehicle sector performance diverged in August, with Tesla (TSLA) leading the market with a monthly gain of over 18%. The stock was driven higher by the approaching Cybercab event, Einride's order for 500 Semi trucks, the Model Y L Launch Series nearly selling out, and better-than-expected second-quarter deliveries.