TradingKey

Short sellers suffered another severe bloodbath as Bitcoin surged past $75,000 and Ethereum broke above $2,300.

TradingKey - On August 20, Eastern Time, Micron Technology (MU) announced that it will establish the "Micron Research Lab" at its headquarters in Boise, Idaho, investing approximately $10 billion over the next decade to focus on cutting-edge fields such as memory, compute architecture, packaging, and manufacturing.

TradingKey - According to Bloomberg, citing people familiar with the matter, artificial intelligence company Anthropic is advancing its preparations for a public listing and plans to invite Citigroup (C) to join the core underwriting team for its initial public offering (IPO).

TradingKey - According to a report by South Korea's *Hankyoreh* on August 21, SK Hynix (SKHY) is evaluating plans to invest in constructing a memory chip manufacturing plant in Japan, with Miyagi Prefecture in northeastern Japan considered as a candidate location.

TradingKey - The impact of Bessent’s intervention in the bond market faded, while Trump’s threat of sanctions against Iran pushed up oil prices and reignited inflation concerns. At the close, the Dow Jones Industrial Average fell 1.32% to 52,759.21; the Nasdaq Composite Index dropped 1.00% to 26,06

TradingKey - On August 21, Japanese and South Korean stock markets opened weaker as market risk appetite cooled, weighed down by overnight losses in US equities and inflation concerns stemming from rising oil prices. South Korea's KOSPI Index opened 1.35% lower at 6,759.95 before narrowing its decline to 1.12% at 6,775.63; Japan's Nikkei 225 Index (JPN225) opened down 1.11% at 65,484.91, with the loss subsequently narrowing to 0.84% at 65,663.18.

A renewed surge in US Treasury yields and rising oil prices weighed on market sentiment. All three major US stock indexes closed lower, but AI hardware stocks bucked the trend to move higher, with memory and optical communication stocks leading the gains. At the close, the Dow Jones Industrial Average fell 1.32% to 52,759.21; the Nasdaq Composite Index dropped 1.00% to 26,067.17; and the S&P 500 Index declined 0.87% to 7,641.16.

People familiar with the matter said that Anthropic PBC is accelerating its preparations for an initial public offering and could publicly file its IPO application as early as the end of this month. Media reports previously indicated that Anthropic would officially go public in October this year.

On August 20, Eastern Time, U.S. stocks suffered another setback. Despite U.S. Treasury Secretary Bessent stating readiness to further scale up bond buybacks—with single long-term bond buyback operations potentially exceeding $4 billion—U.S. Treasury yields continued to surge. The 30-year Treasury yield rose as much as 6 basis points to 5.26%, returning to levels seen before Treasury Secretary Bessent announced the expanded buyback plan on Wednesday. The 10-year Treasury yield climbed in tandem by a similar magnitude.

Walmart (WMT) reported second-quarter sales before the U.S. market open that exceeded Wall Street expectations and raised its full-year performance forecast. However, full-year earnings per share (EPS) guidance came in below expectations, sending its stock down by around 10%.

Micron (MU) shares pulled back slightly after breaking above $1,000 and are currently hovering around $950. Bank of America believes artificial intelligence may have broken the memory boom-and-bust cycle, projecting long-term and massive earnings growth for Micron Technology. According to BofA's scenario model, Micron's revenue could reach $377.3 billion in fiscal year 2030, far exceeding the market consensus of $280.5 billion. On the profitability front, BofA expects its EPS to reach $236.16, representing a compound annual growth rate (CAGR) of up to 34.1%. The market's current valuation of Micron remains relatively conservative, standing at only about 6 times projected FY2027 earnings.

Eli Lilly’s Q2 revenue rose 48% to $22.97B as Mounjaro and Zepbound generated $14.87B. Guidance increased, while LLY tests record-high resistance.

On August 20, Eastern Time, Bitcoin (BTCUSD) extended its rally, briefly surging past $72,000 to touch its highest level since early June. Having long hovered near $60,000, Bitcoin staged a rapid surge in a short period, reflecting a clear recovery in market risk appetite.

AMZN Q2: Revenue $200.6B (+20%, beat), EPS $5.75 (massive beat on $1.81 est), AWS $42.2B (+37%), operating income +43%. Capex $220B, FCF negative. Stock $265, hit $3T market cap. Regulatory risk (NJ antitrust suit). Technical: $256-287 range, breakout needed.

XRP extended its gains to 18%, approaching $1.20, with technical analysis predicting a potential further surge of 30%.

TradingKey - AI cloud computing company CoreWeave (CRWV) announced on Thursday that it has signed a multi-year partnership agreement with Hudson River Trading (HRT), a globally renowned quantitative trading firm. Under the agreement, HRT will use CoreWeave's AI cloud platform to build next-generation research infrastructure for AI-driven quantitative research, complex model training, and trading strategy development. The specific contract value was not disclosed in the official announcement.

Hyperliquid surged over 20% to break above $70, poised to continue reaching new record highs.

NFLX Q2: Revenue $12.56B (+13%), EPS $0.80 (beat), operating margin 33.4%, FCF $1.53B. Ads $3B 2026 target. Engagement 97B hours +2%. Stock down 36% from peak. Ackman's Pershing Square entered stake. $80 support key, $90-94 target. Oct 20 earnings next.

TradingKey - On Thursday (August 20) Eastern Time, futures on the three major U.S. stock indexes fell across the board in pre-market trading. While the U.S. Treasury's expansion of long-term bond buybacks temporarily eased bond market pressure, buying momentum has since cooled. Meanwhile, hawkish signals from the Federal Reserve's July meeting minutes and oil prices rising to a nearly four-week high limited further recovery in risk sentiment. Bitcoin breaking above $70,000 boosted crypto-related stocks in pre-market trading, helping Nasdaq futures show relative resilience.

TSLA Q2: Revenue $28.24B (+26%, beat), EPS $0.33 (MISS -35%), operating margin 1.4%, FCF -$1.09B. Capex +142% to $5.79B. Cybercab production begun. Robotaxi in 7 cities. $350 stock tests $338-376 recovery target. Capex concern persists.