TradingKey

TradingKey - The South Korean Presidential Office stated on Wednesday, July 22, that South Korean President Lee Jae-myung will visit San Francisco, Brazil, Chile, Argentina, and Germany from July 24 to August 3. From July 24 to 25, Lee will attend an AI summit in San Francisco, followed by state visits to three South American countries.

TradingKey - Alphabet (GOOGL)(GOOG), the parent company of Google, delivered a quarterly earnings report reflecting a combination of growth and pressure. For the first time since its public listing, Google reported negative quarterly free cash flow, while management once again raised the target for full-year capital expenditures.

TradingKey - Palantir fell 6% today on two catalysts: UK regulators scrutinised the NHS FDP contract and a free open-source alternative called World Monitor appeared on GitHub. Q2 earnings August 3. At $125, the $122 support is the key level.

TradingKey - Alphabet reported EPS of $9.11, Cloud growth of 82%, and revenue of $119.8B in Q2 2026 - all records. So why is GOOGL selling off? Capex doubled to $44.9B and the EPS beat was mostly unrealised gains. Here is what actually happened.

Tradingkey - A quiet transformation is underway in the gold market: increasingly, short-term price moves are driven less by news and more by systematic capital.

TradingKey - During early Asian trading on July 23, Japanese and South Korean stock markets continued the rebound momentum from the previous session. Both major indices opened higher, with the KOSPI rising 3.41% and the Nikkei 225 up more than 0.5%.

Tradingkey - On July 22, Eastern Time, shares of Tesla (TSLA) fell over 3% at one point following the release of its Q2 2026 earnings report. As of press time, the stock remained down 2.82% at $363.45. During the period, Tesla's revenue increased 26% year-on-year to $28.236 billion, significantly exceeding market expectations of $25.71 billion. This was primarily driven by strong performance in automotive revenue; Tesla stated that vehicle deliveries reached a record high in the second quarter, with continued growth in new markets and steady performance in mature markets.

TradingKey - Alphabet (GOOGL, GOOG) released its second-quarter 2026 financial results after the close of U.S. markets on July 22, Eastern Time. As of press time, Google’s revenue for the period reached $119.796 billion, up 24% year-over-year (23% on a constant currency basis), exceeding market expectations of $116.93 billion. This marks the company's 12th consecutive quarter of double-digit revenue growth. Notably, Google Cloud performance was a highlight, with revenue surging 82% year-over-year to $24.8 billion.

TradingKey - As the US-Iran conflict continues to escalate, the market awaits post-market earnings reports from Google and Tesla. The three major US stock indices saw little change, while the Philadelphia Semiconductor Index rose slightly by 0.44%. At the close, the Dow Jones Industrial Average fell 0.01% to 52,219.35 points; the Nasdaq Composite Index dropped 0.57% to 25,690.90 points; and the S&P 500 Index declined 0.14% to 7,499.04 points.

TradingKey — On July 22, Eastern Time, SpaceX (SPCX) shares hit a new record low, falling 5.32% to $116.97 as of publication. Reports indicate that SpaceX AI is further increasing its investment in data center construction, with a scale comparable to the gigawatt-level capacity of the existing Memphis campus. However, the company's Q1 AI-related capital expenditure has surged to $7.7 billion, approximately three times the amount from the same period last year. Morgan Stanley analysts predict that xAI will consume a total of up to $120 billion in cash between 2026 and 2027—a figure nearly 1.6 times the $75 billion raised in SpaceX's IPO.

Tradingkey - Michael Kratsios, Director of the White House Office of Science and Technology Policy (OSTP), called out Chinese AI company Moonshot AI on the social media platform X, accusing it of acquiring servers equipped with NVIDIA GB300 (Blackwell series) chips through Thailand to train its Kimi K3 model and building a "complex internal platform" for large-scale distillation of U.S. models. This marks the second time in just two days that the Trump administration has issued a warning regarding "intellectual property theft" by Chinese AI models. Following Treasury Secretary Scott Bessent's threat of sanctions against Kimi just a day earlier, these latest allegations, which include specific chip models, represent a significant escalation in signaling.

Tradingkey - OpenAI announced on Wednesday that it has raised its compute spending forecast through 2030 to approximately $750 billion, up from the roughly $600 billion projected earlier this year. On the same day, the company announced a $20 billion investment to launch the construction of a data center project named "Project Camellia" in Savannah, Georgia. This marks OpenAI's first time building its own data center as the lead designer and constructor, signaling a shift from "tenant" to "landlord" in its computing power infrastructure strategy.

TradingKey - Western Digital surged 12.5% to $548 today as memory stocks rebounded and Kioxia merger talks resumed. HDD production is sold out through 2026. Cantor Fitzgerald targets $900, Citi $800. Earnings August 5. Here is the setup.

TradingKey - Shares of Nvidia competitor Cerebras Systems (CBRS) rose for a third consecutive day, returning to a one-month high. At the time of writing, the stock gained 3.89% to $216.69. Cerebras announced today a strategic partnership with cybersecurity giant CrowdStrike (CRWD). As Cerebras offers the world's fastest AI inference compute solution and CrowdStrike provides an industry-leading AI-native security platform, the two companies will join forces to provide enterprise customers deploying large-scale AI with a combination of extreme inference speeds and AI-native security capabilities.

TradingKey - Micron bounced from $848 to $969 after Morgan Stanley called the selloff a buying opportunity and BofA said open-source AI actually helps memory demand. 16 non-cancelable contracts worth $22B. At $938, here is where resistance sits.

TradingKey - Against the backdrop of the ongoing global boom in AI data center construction and the acceleration of investment in power infrastructure, GE Vernova (GEV) delivered quarterly results featuring strong revenue and record-high orders. However, as profitability failed to meet market expectations, the company's share price dropped more than 10% in pre-market trading, following a previous rise of nearly 7%.

TradingKey - On July 22, Eastern Time, The Wall Street Journal reported that AMD and AI company Anthropic have signed a multi-billion dollar AI server partnership agreement. According to the terms of the agreement, Anthropic will procure up to 2 gigawatts (GW) of AMD’s next-generation AI chip, the Instinct MI450, for its data centers starting in the first half of 2027, and may lease a portion of the computing power through other major cloud service providers or new cloud vendors.

TradingKey - Dell reported record Q1 FY2027 revenue of $43.8 billion, booked $24.4 billion in AI server orders and raised its annual outlook. DELL’s breakout now puts $439 in focus.

TradingKey - On July 22, Eastern Time, the three major US stock index futures collectively declined during pre-market trading. As of press time, Nasdaq 100 Index futures fell 0.76%, S&P 500 Index futures dropped 0.29%, and Dow Jones Index futures were down 0.13%.

TradingKey - Rocket Lab is down 55% from its $151 peak but just won a $266M Air Force contract and was named in a $17B Space Force ceiling. An $8B Iridium acquisition is pending. At $82, here is the setup ahead of August 6 earnings.