TradingKey

On August 4, ET, risk appetite in U.S. stocks improved, with both the Dow Jones Industrial Average and the S&P 500 reaching record highs. Market focus is shifting from the previously highly concentrated AI trades toward a broader rally supported by corporate earnings, sector rotation, and improved liquidity.

Blackstone (BX) is in preliminary talks with investors to raise another massive debt financing package for Anthropic’s use of Google (GOOGL) chips, with the scale potentially reaching at least $36 billion.

Snap surged 10% after hours after Q2 revenue of $1.6B beat by 4%, and adjusted EBITDA surged sixfold to $250M. The April restructuring that cut 1,000 jobs is working. Specs AR glasses launch September 16. Irenic Capital wants them shut down. Here is the full picture at $5.43.

On August 4 Eastern Time, Palantir (PLTR) shares broke through the $150 level following the release of its second-quarter results. In the earnings report, Palantir significantly raised its full-year revenue and profit guidance, as strong demand from commercial customers exceeded market expectations.

Boeing gained 4.8% Monday to $226 as BNP Paribas upgraded from Underperform to Outperform and JPMorgan raised its target to $290. The $234 double-top is the next resistance. Q2 confirmed record $715B backlog, 171 deliveries (highest since 2018), and $631M FCF.

Palantir surged 15% after hours after Q2 revenue of $1.935B beat by 6.8%, US commercial grew 149%, and full-year guidance was raised to $8.15B from $7.66B. Rule of 40 score: 155. At $145, here is what the breakout means.

SpaceX is approaching its financial results and a wave of lock-up expirations. While its short interest has surpassed that of Tesla, investors should remain alert to the risk of a short squeeze.

TradingKey - As demand for AI chips continues to surge, CoWoS advanced packaging capacity has once again become a market focal point. According to market sources, due to the continuous increase in orders from AI chip customers such as Nvidia (NVDA) and AMD (AMD), TSMC's (TSM) existing CoWoS advanced packaging capacity is nearing full utilization. The company is further expanding its outsourcing capacity to meet future supply demand for AI accelerators.

The United States plans to ban imports of Chinese optical modules, driving a collective rally in the stock prices of domestic suppliers.

Oracle gained 9.22% on August 3 to close at $141.85, bouncing from its $114.50 low. It has a $638B cloud backlog, IaaS growing 93%, and new contracts with Google, CACI, and Ontario Hospitals. But it is still down 28% YTD. Here is whether the recovery holds.

TradingKey - On Tuesday (August 4) ET, the three major U.S. stock index futures rose collectively in pre-market trading, with Nasdaq 100 futures leading the gains. Overnight, U.S. stocks rebounded, driven by a recovery in AI trades and a temporary easing of tensions in the Middle East, as the Dow closed at a record high. In today's pre-market session, Palantir (PLTR) surged following its earnings report, further reinforcing the AI software theme. However, conflicting signals from U.S.-Iran negotiations, a rebound in oil prices, and the upcoming release of JOLTS job openings data have kept market sentiment cautious.

Marvell announced the launch of next-generation AI memory and storage solutions, a positive catalyst that spurred its stock price to surge to a near half-month high.

TradingKey - Before the market opened on August 4 (ET), the U.S. storage sector strengthened collectively. Micron Technology (MU) rose more than 3%, SanDisk (SNDK) climbed approximately 3%, and SK Hynix ADR (SKHY) gained over 2%. Previously, Micron's share price underwent a significant correction, retreating more than 30% from its all-time high, as the market grew concerned about a cooling AI storage trend. However, with sentiment in the storage sector recovering, capital is refocusing on recovery opportunities for Micron's stock price.

TradingKey - SanDisk (SNDK) will report its fourth-quarter and full-year fiscal 2026 results after the market close on August 5, Eastern Time. The market will look to the report to gauge whether the growth cycle, driven by AI data center investment, rising NAND prices, and supply constraints, can be sustained.

Western Digital and SK Hynix jointly released the first HBF standard specification, driving the stock price up by nearly 3%.

TradingKey - On August 4, according to market sources, the three major DRAM memory chip manufacturers—Micron Technology (MU), Samsung Electronics, and SK Hynix—have already completed part of their capacity allocation for 2027 in advance. This indicates that global demand for high-performance memory remains robust, particularly the demand for HBM and high-end DRAM driven by AI servers, which is further tightening the supply landscape in the memory industry.

TradingKey - On August 3, Eastern Time, Kioxia officially launched the KIOXIA GP1 series PCIe 6.0 NVMe solid-state drive at the FMS 2026 Flash Memory Summit in California, USA. This is the first product in the GP series of ultra-high IOPS SSDs. Boosted by the news, Kioxia's stock price rose nearly 6% on the day to 52,090 yen (equivalent to 330.4 USD).

TradingKey - As of the close on August 3 ET, Nvidia (NVDA) shares were priced at $206.64, up 2.93%, but remain approximately 13% below the all-time high of $236.54.

TradingKey - As of August 3 (ET), SpaceX (SPCX) shares staged a rebound, closing up 5.68% and ending its recent period of correction. Previously, SPCX retreated from its post-listing high of $225.64 to a low near $104.83, a cumulative decline of over 50%, with its market capitalization shrinking significantly from its peak. With the company set to release its first quarterly earnings report since listing after the market close on Tuesday, the market has turned its focus back to SpaceX's profitability, Starlink's growth pace, and Starship's commercialization progress, prompting some capital to position ahead of the results.

TradingKey - On August 4, Japanese and South Korean stock markets closed higher across the board. The KOSPI Index rose 1.62% to close at 6,358.95 points, while the Nikkei 225 Index gained 0.32% to finish at 63,957.53 points.