Andy Chen

Spot gold (XAUUSD) broke through the $4,350 mark on August 7, Eastern Time, and is currently heading toward $4,400. This marks the first time gold has returned to this level since June 17. The immediate factor driving the increase in gold prices was the cooling of U.S. July non-farm payrolls data. H

Micron (MU) stock has been retracing since hitting an all-time high of $1,254.8 on June 25, reaching a local low of $737.88 on July 29. BofA analyst Vivek Arya noted that the recent repricing reflects investors positioning early for a potential downcycle "rather than a response to fundamentals"—which he believes are currently continuing to improve.

U.S. non-farm payrolls for July unexpectedly turned negative, cooling Federal Reserve rate hike expectations and boosting market trading sentiment as the three major indices all strengthened. Memory stocks faced a sell-off, while software stocks rallied broadly. At the close, the Dow Jones Industrial Average rose 0.28% to 54,036.93 points; the Nasdaq Composite Index climbed 1.30% to 26,690.62 points; and the S&P 500 Index gained 0.62% to 7,757.64 points.

According to media reports citing sources, the Trump administration has further escalated its personnel pressure on the Federal Reserve, officially initiating removal proceedings against Governor Lisa Cook. Citing unproven mortgage fraud allegations, the White House issued a notice to Cook requiring her to respond to the charges within three weeks.

AMD announced yesterday its acquisition of AI inference chip startup Taalas to strengthen its presence in the inference chip sector and further enhance its data center AI product portfolio. Taalas, founded in 2023, has reportedly raised approximately $219 million in total funding. As the deployment of generative AI applications accelerates, the industry's focus is shifting from model training toward model inference—the computational process required for AI models to respond to user requests in actual business scenarios.

On August 7 (ET), SpaceX (SPCX) broke through a periodic high of $126.71. This followed the official unlocking of the first batch of 911.5 million insider restricted shares on August 6, representing a potential release of approximately $100 billion in market value. However, the sell-off that the mar

Market sentiment weakened following reports that Fed Chairman Warsh is considering a September rate hike and ahead of the non-farm payrolls report scheduled for release on August 7 ET. The three major indices all declined, with memory stocks suffering losses while oil stocks gained. At the close, the Dow Jones Industrial Average fell 0.85% to 53,885.10 points; the Nasdaq Composite Index dropped 0.06% to 26,348.35 points; and the S&P 500 Index declined 0.18% to 7,709.96 points.

According to a report by *The Information*, Nvidia (NVDA) is considering an aggressive move to address the shortage of high-end high-bandwidth memory (HBM) chips. The company is exploring the adoption of memory configurations for its next-generation Rubin Ultra GPU that are lower than originally planned. According to three people familiar with the testing efforts, Nvidia has tested at least three versions of the Rubin Ultra over the past several weeks, with some versions featuring memory capacities below the specifications initially announced by the company.

On August 6, Eastern Time, the three major U.S. stock indices collectively trended lower. As of press time, the Dow Jones Industrial Average fell 0.57% to 54,037.33; the Nasdaq Composite Index fell 0.12% to 26,332.09; and the S&P 500 Index declined 0.16% to 7,710.84. The market held back from making

According to the Financial Times, individuals close to new Federal Reserve Chair Kevin Warsh stated that Warsh has admitted to those around him that there were indeed missteps during his first ten weeks at the helm of the world’s most important central bank. He acknowledged failing to effectively reinforce the core message of maintaining price stability and allowing confusion to arise regarding whether his long-term Fed reform plans would influence short-term decision-making.

On August 6, Eastern Time, the largest post-listing insider cash-out window for SpaceX (SPCX) opened. Despite the unlocking, SPCX shares rebounded from an initial drop of over 2% to rise more than 6% at one point. The stock hit an intraday low of $105.11, remaining above its historical low of $104.83. Morgan Stanley analyst Adam Jonas noted in a client report on Wednesday that this lock-up expiration involves approximately $100 billion worth of SpaceX shares, characterizing it as an entry opportunity to purchase this "potential multi-generational compounding asset."

On August 5, Eastern Time, SanDisk (SNDK) released its fourth quarter fiscal year 2026 earnings report during US after-hours trading. Following the results, SanDisk's stock price at one point fell more than 8%. As of press time, the gain narrowed to around 4%, trading at $1,287.67.

U.S. private sector employment increased by 44,000 in July, the lowest level since the beginning of the year. Meanwhile, following a four-day strong rebound, a retracement in some technology stocks weighed on indices. The three major U.S. stock indices closed mixed, with the Dow Jones Industrial Average continuing to hit record highs and gold stocks strengthening. At the close, the Dow Jones rose 0.49% to 54,349.12; the Nasdaq Composite Index fell 0.83% to 26,363.44; and the S&P 500 Index dropped 0.17% to 7,723.55.

On August 5, Eastern Time, Alphabet (GOOGL) (GOOG) announced a major leadership reshuffle within its artificial intelligence division. Jeff Dean, one of the company's earliest employees and a core figure responsible for designing the firm's AI strategy over the past 15 years, will leave the company to found Discovery Loop, an AI startup focused on the field of scientific discovery.

On August 5, Eastern Time, SanDisk (SNDK) is scheduled to release its fourth-quarter and full-year fiscal 2026 results after the bell. The market will use these results to gauge whether the growth cycle, driven by AI data center investment, rising NAND prices, and supply tightness, can be sustained.

Spot gold (XAUUSD) briefly climbed above $4,200 during Wednesday's session. The market is digesting a notable slowdown in U.S. private-sector hiring while monitoring expectations for an easing of shipping disputes in the Strait of Hormuz, with both factors collectively amplifying short-term volatility in the precious metals market.

SpaceX (SPCX) released its fiscal second quarter 2026 financial results on August 4, ET. Following the announcement, SPCX's after-hours share price fell by more than 8% at one point; as of writing, the decline narrowed to 5%, trading at $118.14. During the period, SpaceX's revenue grew 92% year-over

Rising expectations of a deal between the U.S. and Iran pushed oil prices lower, while better-than-expected earnings from the majority of reporting companies bolstered risk appetite. All three major U.S. stock indices strengthened, with the Dow and S&P 500 both hitting new record highs. AI hardware stocks returned to the market forefront, with memory and optical communication stocks leading the gains. At the close, the Dow Jones Industrial Average rose 1.71% to 54,084.99 points; the Nasdaq Composite Index climbed 2.59% to 26,584.99 points; and the S&P 500 Index gained 1.79% to 7,736.52 points.

Peter Diamandis, founder of the XPRIZE Foundation, posted on the social media platform X expressing a highly bullish outlook on SpaceX, predicting that the company will become the first to reach a $10 trillion market capitalization. Elon Musk subsequently reposted the post, accompanied by a "rocket" emoji.

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.