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Intel dropped 21% from $140 to $110 in seven days as BofA warned of semiconductor bubble risk and 18A profitable yields were delayed. HSBC raised its target to $200. July 23 earnings is the reset.

U.S. airstrikes on Iran triggered a surge in oil prices, whereas gold and Bitcoin did not rally as expected, instead fluctuating and weakening.

TradingKey - On July 7, Eastern Time, the three major U.S. stock indexes closed lower collectively, with the AI and semiconductor sectors once again serving as the primary drag on the market. Although Samsung Electronics' Q2 earnings guidance showed that AI memory demand remains robust, the better-t

Apple is forming a double top at its $317 52-week high as Ming-Chi Kuo says the foldable iPhone could face iPhone X-style delays. Broadcom deal extended to 2031. AAPL at $311. Here’s the setup.

Japanese and South Korean stock markets plunged at the open, with the KOSPI and Nikkei 225 experiencing a dramatic secondary sell-off. Samsung Electronics and SK Hynix both fell by approximately 4%, while Kioxia bucked the trend to rise.

• Western Digital stock declined due to a broad sector-wide semiconductor selloff. • Institutional rebalancing and profit-taking triggered significant downward momentum for the stock. • Analysts maintain bullish views despite concerns regarding cloud spending and hardware demand.

• Amphenol shares declined due to valuation concerns and institutional selling pressure. • Institutional investors and corporate insiders reduced holdings during the first quarter. • Technical volatility and acquisition integration costs contributed to the intraday price decline.

• Seagate shares declined due to sector-wide selloffs triggered by Samsung’s quarterly earnings report. • Investors engaged in profit-taking amid concerns over future oversupply and hardware margin sustainability. • Quarterly dividend payments and broader market weakness amplified the stock's intraday volatility.

• Gilead shares rose following successful Phase 3 HIV trial results. • European regulators approved Trodelvy for first-line cancer monotherapy. • HSBC upgraded Gilead stock to buy, citing an undervalued pipeline.

• Corning shares declined due to profit-taking and high trailing price-to-earnings valuations. • Recent executive insider selling dampened immediate institutional appetite for the stock. • Analysts maintain bullish long-term ratings citing robust demand from AI data center infrastructure.

TradingKey - A further escalation of the US-Iran conflict, coupled with mixed earnings from Samsung, weighed on market sentiment and triggered a sell-off in chip and memory stocks. The three major US stock indexes fell across the board, even as the Dow hit a historic high in early trading. At the close, the Dow Jones Industrial Average fell 0.25% to 52,925.15 points; the Nasdaq Composite Index declined 1.16% to 25,818.69 points; and the S&P 500 Index lost 0.45% to 7,503.85 points.

TradingKey - On July 7, Eastern Time, following Iran's attacks on commercial vessels transiting the Strait of Hormuz, the U.S. Department of the Treasury published a document on its official website revoking general licenses related to Iran. This will phase out the authorizations for the production, delivery, and sale of Iranian crude oil, petrochemical products, and petroleum products issued on June 21, 2026. The two major crude oil futures strengthened in the short term. As of press time, WTI crude rose 5.25% to $72.15, while Brent crude oil futures gained 5.7% to $76.14.

• Marvell Technology stock declined due to sector-wide semiconductor sell-offs and stretched valuation concerns. • Outgoing CFO Willem Meintjes liquidated significant equity holdings, heightening investor anxiety and execution risks. • Rising interest rate expectations pressured the company's high-beta valuation and future cash flow discounting.

• Falling iron ore prices and soft Chinese demand pressured BHP’s revenue and investor sentiment. • BHP reported significant cost overruns and asset impairments for the Jansen potash project. • Rising capital expenditures, leadership changes, and potential labor disputes drive investor caution.

• Palo Alto Networks shares declined due to profit-taking and technical overbought conditions. • Valuation remains at a steep premium relative to historical averages and industry peers. • Investors are concerned about potential shareholder dilution from recent capital-intensive acquisitions.

• Meta launched the Muse Image AI model for integration into Instagram and WhatsApp. • Meta Compute intends to monetize excess data center capacity for third-party developers. • Updated privacy policies are expected to improve targeted advertising and overall ad spend.

• Rising crude oil prices driven by geopolitical tensions supported Chevron's stock momentum. • Wolfe Research upgraded Chevron to Outperform, citing an undervalued Brent crude outlook. • The Uaru project in Guyana is expected to boost long-term free cash flow.

• The US Dollar rose against the Swiss Franc due to favorable interest rate differentials. • Switzerland's unemployment rate climbed to a five-year high of 3.1%. • Increased Swiss foreign currency reserves suggest potential central bank intervention to weaken the Franc.

TradingKey - On July 7, Eastern Time, the three major stock indices all declined as an intensifying sell-off in chip and memory stocks dragged down technology stocks overall. The Dow Jones Industrial Average reversed course after hitting a record high, the Nasdaq 100 Index fell 1.29%, and the Philad

• Bank of America reinstated Shopify coverage with a Buy rating and bullish price target. • Analysts view Shopify as a key beneficiary of emerging AI-driven agentic commerce infrastructure. • Financial projections estimate double-digit revenue growth through 2027 with expanding operating margins.