TradingKey

• Fortinet launched FortiGate G series appliances to secure AI-driven enterprise data centers. • Operational shifts toward recurring software revenue are expanding company operating margins. • Removal from Russell defensive indices triggered short-term technical selling and intraday volatility.

Tradingkey - Following Morgan Stanley’s bullish view on capital rotating into cloud computing giants, economists at top asset management firm Apollo Global Management warned in a report that if the monetization of AI investments is slower than market consensus, it could spread from the tech sector to become a systemic risk for the entire market. Recently, Morgan Stanley stated that although the AI sector remains the consensual main theme of the current US stock bull market, market concerns regarding high sector concentration, rising valuation premiums, and the monetization efficiency of massive AI capital expenditures continue to intensify. In the short term, Morgan Stanley prefers the risk-reward profile of hyperscale cloud providers over the semiconductor sector. It also expects that, influenced by recent lagging stock price performance, leading cloud giants will gradually revise down their capital expenditure guidance.

• Corning shares rallied on strong demand for artificial intelligence and optical communications infrastructure. • Analysts maintain buy ratings following long-term fiber optics agreements with Amazon and Meta. • The stock rebounded after finding technical support near its 50-day moving average.

• Southern Copper shares rose following a sharp rebound in global copper prices. • Wells Fargo raised its price target, citing strong operational execution and cash generation. • Inclusion in major growth-focused indexes has shifted focus toward long-term expansion pipelines.

• BofA Securities raised Amphenol’s price target and maintained a Buy rating. • Strong demand for artificial intelligence infrastructure drives Amphenol's robust sales and growth. • The stock shows neutral technical indicators with annual revenue reaching $23.09 billion.

• Susquehanna upgraded Seagate, triggering investor confidence and a surge in share price. • Strong demand for high-capacity enterprise drives and HAMR technology drive revenue growth. • Seagate reported forty-four percent year-over-year revenue growth and robust free cash flow.

• Susquehanna increased its price target for Western Digital, triggering significant upward stock movement. • Analysts cite strong demand for AI-related data center hardware as a primary growth driver. • Western Digital reported robust revenue growth, improved margins, and a raised earnings outlook.

Tradingkey - On July 9, Eastern Time, Nvidia rival Cerebras Systems (CBRS) surged over 12% intraday, with its share price climbing back above $200. As of press time, the stock was up 9.44% at $198.87. Reportedly, Cerebras and Flex are expanding their domestic production lines in California, which is expected to increase the production capacity of completed CS-3 systems by sevenfold. Meanwhile, Cerebras stated that it plans to commission its first European data center by the end of 2026.

• Arm's licensing revenue grew twenty-nine percent year-over-year due to strong chip design demand. • Increased institutional holdings provided stability amid broader semiconductor sector volatility. • Technical indicators remain neutral despite strong long-term growth prospects and hyperscaler partnerships.

• Dell stock rose following political endorsements and strong institutional investor confidence. • Evercore ISI raised its price target, citing high demand for AI-optimized infrastructure. • Quarterly revenue grew 87.5% year-over-year, driven by increased AI server orders.

• Goldman Sachs shares rose following a seventy billion dollar pension asset management mandate win. • The firm secured investment outsourcing deals from Verizon Communications and Lockheed Martin. • Investor sentiment improved ahead of the upcoming second-quarter earnings report.

• Palantir stock declined due to sector-wide software sell-offs and institutional profit-taking. • High valuation multiples increased the stock's sensitivity to broader market volatility. • Recent insider share sales negatively impacted short-term investor sentiment.

• Oracle stock rebounded after reaching oversold levels and finding strong technical support. • High AI infrastructure demand and large revenue backlogs drove positive market sentiment. • Analysts maintain buy ratings with an average price target of $255.57 per share.

• Cisco stock gains reflect successful transformation into an AI infrastructure provider. • The company raised fiscal year revenue and earnings guidance due to strong orders. • Institutional investors and analysts are increasing positions and raising price targets.

• Lam Research shares rose due to semiconductor sector recovery and strong memory market demand. • Mizuho and TD Cowen increased price targets, signaling confidence in the company’s fundamentals. • Technical indicators show the stock in an oversold position with neutral market sentiment.

• AstraZeneca shares fell after the Wainua drug failed a late-stage clinical trial. • The CARDIO-TTRansform trial did not meet its primary cardiovascular mortality reduction objectives. • High usage of competitor medication likely masked the drug's therapeutic efficacy in patients.

• Costco reported 10.6% year-over-year net sales growth for June. • Shares declined due to profit-taking and an elevated forward price-to-earnings ratio. • Technical indicators for the stock currently remain in neutral territory.

Tradingkey - SK Hynix (SKHY) has unveiled its U.S. listing pricing plan, proposing to issue ADRs at $149 per share, targeting a total fundraising size of approximately $26.5 billion. If listed at this price, it is poised to break the multi-year record held by Alibaba to become the largest-ever IPO by a foreign company in the U.S. stock market. According to filings submitted by SK Hynix to the U.S. Securities and Exchange Commission (SEC), each ADR represents one-tenth of a share of its common stock. The pricing represents a slight premium of approximately 3% over its latest closing price on the Korean stock exchange.

TradingKey - TeraWulf signed a $19B 20-year Anthropic lease on 401 MW of AI compute in Kentucky. BofA and Citi issued Buy ratings at $34–$36. Revenue starts H2 2027. WULF at $23 in a descending channel.

Tradingkey - On July 9, Eastern Time, Broadcom (AVGO) shares climbed back above $1,000. As of press time, the stock rose 7.69% to $1,021. Since hitting an all-time high of $1,254.8 on June 25, the stock had experienced a pullback of over 10%. The early-session surge was catalyzed by a combination of