TradingKey

Tradingkey - U.S. Treasury Secretary Scott Bessent stated on Tuesday that the Trump administration will scrutinize Chinese open-source AI models for evidence of intellectual property theft from U.S. companies, threatening to impose sanctions if such activity is confirmed. These comments come as Chinese open-source models rise rapidly at minimal costs and following a collective slump in U.S. tech stocks last week fueled by fears that "U.S. AI leadership is being shaken." This stance adds a new dimension of strategic competition to the upcoming meeting between the U.S. and Chinese heads of state scheduled in approximately two months.

TradingKey - IBM is trading around $213 today, slightly higher after last week's record crash. Options pricing a 7% swing before Wednesday's full Q2 report. Wedbush holds $350. Average analyst target $271. Here is what the session and the chart are saying.

Tradingkey - Memory stocks collectively surged in early trading on Tuesday (EST). As of press time, Western Digital (WDC) rose 9.05%, SanDisk (SNDK) gained 8.13%, SK Hynix (SKHY) climbed 7.90%, Seagate Technology (STX) increased 7.47%, and Micron Technology (MU) rose 6.67%. SanDisk and Micron, which at one point rose by more than 10% and 9% respectively, led the rally. The immediate catalyst was a bullish report from Morgan Stanley, which predicts memory prices will rise by at least 25% between the second and third quarters of 2026 and explicitly stated it is "buying the dip" in the storage sector.

TradingKey - Halliburton beat Q2 2026 estimates on EPS and revenue, rising 2.5% to $36. New Iraq contract, Saudi Aramco wins, and growing international backlog are the story. Citi targets $52. At $36, here is what the triangle setup says next.

TradingKey - Intel will announce its second-quarter 2026 financial results after the US market close on July 23. The importance of this earnings report has long surpassed that of a mere quarterly scorecard.

TradingKey - On July 21, ET, TSMC (TSM) pre-market shares rose nearly 4%. Market reports suggest the world's largest chip foundry has reached a final agreement with customers for a 5%-10% hike in wafer prices for 2027, with the increase covering both advanced and mature processes. As of press time, TSMC was trading at approximately $417.35 pre-market.

TradingKey - 3M reports Q2 2026 this morning. JPMorgan upgraded to Overweight on Friday. Consensus: EPS $2.27, revenue $6.38B. Microsoft confirmed as the first hyperscale EBO customer. Four consecutive EPS beats. At $159.60, the $161.63 triangle is the level to watch.

TradingKey - HAL has a Rs 2.55 lakh crore order book worth 7 years of revenue. Q4 FY26 EPS beat estimates by 17.4%. But Tejas Mk1A delays and supplier fraud have raised execution risk. At Rs 4,491, here is the setup ahead of August 7 earnings.

TradingKey - On July 21 Eastern Time, the three major U.S. stock index futures rose collectively in pre-market trading. As of press time, Nasdaq 100 Index futures were up 1.33%, S&P 500 Index futures rose 0.45%, and Dow Jones Index futures gained 0.31%.

TradingKey - U.S. industrial giant 3M (MMM) delivered second-quarter results that beat market expectations and simultaneously raised its full-year earnings guidance, signaling that operational improvement momentum has further strengthened, driven by cost optimization, product upgrades, and strategic positioning in high-growth sectors.

TradingKey - On Monday, July 20, Eastern Time, Nvidia (NVDA) filed a Schedule 13G with the U.S. Securities and Exchange Commission, disclosing that it holds approximately 9.3% of the Class A ordinary shares of AI cloud service provider Nebius Group (NBIS), totaling 22,256,412 shares. Following the announcement, Nebius's pre-market share price rose by more than 7% on Tuesday. As of press time, Nebius was trading at approximately $194.45, up 6.48%.

TradingKey - Ahead of its upcoming second-quarter 2026 earnings report, Intel (INTC) has once again initiated an organizational restructuring. According to multiple media reports, Intel has notified employees in its Data Center & AI Group (DCG) that the company will implement a new round of layoffs.

TradingKey - Goldman Sachs' (GS) global commodities research team released a new report stating that if the transportation of crude oil and refined products through the Strait of Hormuz faces sustained and severe disruptions, Brent crude (UKOIL) prices could rise above $120 per barrel by the fourth quarter of 2026. Goldman Sachs also emphasized that $120 is not its current baseline forecast, but rather an upside scenario based on conditions such as long-term restrictions on transit through the strait, a significant decline in crude oil exports from the Gulf region, and insufficient alternative transportation capacity.

TradingKey - On July 21, Eastern Time, the U.S. District Court for the Northern District of California officially approved a $1.5 billion final class action settlement agreement reached between AI giant Anthropic and a group of authors, officially ending the dispute over its use of pirated books to train the Claude large language model. The conclusion of this deal has set a new record for the highest copyright case settlement amount in U.S. history.

TradingKey - As of the Asian session on July 21, gold prices (XAUUSD) staged a sharp intraday rebound, rising 1.56% to reach a high of $4,084.28. From a technical perspective, gold prices have recently been consolidating around the $4,000 level and began to rally today amid expectations of cooling tensions between the U.S. and Iran.

TradingKey - Microsoft (MSFT) announced that it will deploy AMD's next-generation rack-scale AI system, Helios, in its Azure data centers to provide computing power support for frontier large model inference and Azure AI services. This move not only signifies a further expansion of Microsoft's partnership with AMD but also adds another top-tier global cloud service provider to the list of Helios customers, following Meta (META), OpenAI, and Oracle (ORCL).

Japanese and South Korean equity markets staged a sharp rebound, with both the KOSPI and Nikkei 225 rising over 3%. Kioxia soared more than 17%, while SK Hynix, Samsung, and SoftBank climbed between 4% and 6%.

TradingKey - As of July 20 ET, Oracle (ORCL) shares fell 3.98% on the day, hitting a new year-to-date low of $120.03 and nearing last year’s low of $118.86. Although Oracle’s latest earnings report indicated that cloud business and AI infrastructure orders remain strong, market concerns regarding high capital expenditures, debt pressure, customer concentration, and free cash flow have continued to mount. This has resulted in a significant pullback from previous highs driven by the AI cloud rally. Since reporting earnings on June 10, Oracle's stock has seen a cumulative decline of 39.54%.

As SpaceX shares fell for seven consecutive sessions and broke below a key level, Cathie Wood has continued to increase her holdings, raising questions about her investment rationale.

TradingKey - On July 21, Samsung Electronics announced the establishment of its "Robotics eXperience" (RX) division. The new department will report directly to the CEO and is tasked with formulating medium-to-long-term robotics business strategies, researching core technologies, and driving product commercialization, while expanding Samsung's robotics R&D capabilities in South Korea and overseas.