TradingKey

The US-Iran ceasefire agreement expired on Monday as negotiations reached a deadlock, while the 30-year US Treasury yield hit a new high since 2007, both of which weighed on US equities. All three major indexes fell, while AI hardware stocks bucked the trend to strengthen, with memory and optical communication stocks leading the gains. At the close, the Dow Jones Industrial Average dropped 0.51% to 53,459.78; the Nasdaq Composite Index fell 0.32% to 26,644.91; and the S&P 500 Index lost 0.52% to 7,745.06.

Amazon's (AMZN) stock price has experienced a continuous pullback since reaching an all-time high of $287.20 on August 3, currently falling below $260. In his latest report, Morgan Stanley analyst Brian Nowak assigned a price target of $335 for Amazon, implying a 30% upside potential from current levels, while maintaining an "Overweight" rating. He noted that if Amazon's AWS business continues to grow along its expected trajectory, the stock could reach $500 by the end of 2027.

On August 17, Eastern Time, the U.S. Department of the Treasury issued a proposed rule seeking public comment on the implementation of the GENIUS Act to establish a federal regulatory framework for payment stablecoins, with a 60-day public comment period.

Nvidia (NVDA) announced that it will provide up to $105 billion in credit support for a large-scale AI data center campus being built for OpenAI in Pike County, Ohio, and invest $1.5 billion in project developer SB Energy. The project will be constructed, owned, and operated by SoftBank-backed SB Energy, with OpenAI serving as the primary tenant under a 20-year lease.

On August 17, Eastern Time, Cerebras Systems (CBRS) surged 15% in a single day, breaching the $250 mark. Wedbush Securities stated in its latest research report that OpenAI disclosed the Ultrafast mode of GPT-5.6 Sol will be powered by compute capacity from Cerebras, indicating that collaboration between the two parties continues to make positive progress.

AMD Q2: Revenue $11.536B (+50% YoY), Data Center $6.7B (+107%), EPS $1.66, margin 56%. MI450 production ramping. Anthropic $5B + 2GW, Oracle 50k units starting Q3. Technical: Triangle breakout, $530 target. Jackson Hole will test capex narrative.

WMT reports Aug 20 at 6am CT. Q1: Revenue $177.8B (+7.3%), e-commerce +26%, advertising +37%, comp sales +4.1%. Consumer sentiment fell to 51.0 (down from 55.2). Can Walmart take share in weakening consumer? Jackson Hole (Aug 21-22) follows day after.

TradingKey - The U.S. Navy recently announced that it has signed a Tomahawk cruise missile procurement contract worth approximately $22.9 billion with Raytheon, a subsidiary of RTX (RTX), aimed at accelerating the replenishment of critical munitions and expanding missile production capacity. This large-scale, long-term contract will support Raytheon in increasing personnel, expanding production lines, and strengthening its supply chain to accelerate future deliveries of Tomahawk missiles.

PANW reports Sept 1 after Q3 beat (31% revenue growth, NGS ARR +60% to $8.1B). AI security expanding with Prisma AIRS, CyberArk integration. Organic NGS ARR +28% ex-acquisitions. China cybersecurity review adds risk. Jackson Hole will test capex confidence.

TradingKey - Artificial intelligence company Anthropic is preparing for a potential blockbuster IPO. According to Reuters, citing two people familiar with the company's finances, Anthropic expects its revenue to reach $190 billion to $200 billion by 2028, an aggressive growth target that is becoming a key basis for Wall Street in assessing the company's IPO valuation.

On the surface, Bridgewater's massive position reduction is the result of a hedge fund locking in windfall profits at record highs and executing disciplined risk management, but a deeply bearish signal lies beneath.

Lumentum revenue doubled to $1.006 billion as AI networking demand accelerated. Nvidia’s investment supports expansion, but supply risks remain as LITE approaches $958 resistance.

TradingKey - On Monday, August 17 (ET), futures tied to the three major U.S. stock indices were mixed in pre-market trading, with tech stock sentiment holding a relative edge. The market entered a relatively light week following the S&P 500's third consecutive week of gains. Investors are focusing on the Fed's July meeting minutes, New York Fed manufacturing data, and earnings reports from major retailers including Walmart, Home Depot, and Target to gauge the next direction for U.S. consumer spending and interest rate expectations.

If Micron's stock price fails to stabilize at $1,000 this week, it signals the end of the rebound and could pull back toward $700 again.

TradingKey - As of the European session on August 17, gold prices (XAUUSD) were trading above $4,400, up approximately 0.7% on the day and reaching an intraday high of $4,416.43, extending the gains from last Friday. Recent weak U.S. economic data has led the market to further dampen bets on a Fed rate hike in September, thereby providing ongoing support for gold prices.

TradingKey - Harvard Management Company (HMC), under Harvard University, disclosed in its latest filing that as of June 30, 2026, it held approximately 12.94 million shares of SpaceX with a reported market value of about $2.2 billion. This makes SpaceX the largest single position in Harvard's $4.26 billion disclosed U.S. equity portfolio, accounting for more than half of the total.

TradingKey - Goldman Sachs (GS) Chief Economist Jan Hatzius stated in a research report released on August 16 that investor expectations for further Federal Reserve rate hikes remain "too aggressive," and that a September rate hike by the Fed is now "extremely unlikely" amid weakening retail sales, soft employment data, and a continued slowdown in inflation.

Memory stocks continued their strong rally, led by SanDisk, which surged 6% to break through the $1,700 mark and hit a one-month high.

TradingKey - Amid recent heightened market volatility, Dan Niles, who experienced the dot-com bubble, remains bullish on the long-term prospects of AI infrastructure. Although factors such as elevated Treasury yields, rising oil prices, geopolitical conflicts, and election uncertainty may continue to unsettle markets,

TradingKey - As of the U.S. stock market close on August 14, Eastern Time, SpaceX (SPCX) shares fell 0.91% to close at $140. After touching $150 last Wednesday, the stock has pulled back for two consecutive trading days, signaling heavy selling pressure at the $150 mark.