Andy Chen

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.

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.

U.S. President Trump canceled airstrikes against Iran and stated that the Strait of Hormuz could reopen by tomorrow at the latest, boosting market sentiment. All three major indices rose, with the Nasdaq advancing for three consecutive days and cloud service providers leading the gains. At the close, the Dow Jones Industrial Average rose 1.32% to 53,178.41 points; the Nasdaq Composite Index gained 2.13% to 25,913.90 points; and the S&P 500 Index climbed 1.48% to 7,600.50 points.

On August 3 ET, shares of Corning (GLW) rose more than 6% intraday, returning to an upward trend after experiencing a drawdown of up to 45% in July. Reportedly, the prominent investment firm Truist Securities upgraded Corning’s rating from "Hold" to "Buy," while lowering its price target from $205 to $175. Truist analysts stated that the core logic for the upgrade is that the valuation has returned to a reasonable level. During the month of July, Corning's stock price underwent a sharp correction of approximately 45%.

On August 3, Eastern Time, GameStop (GME) shares fell more than 14%, hitting a near two-year low. GameStop announced that it has reached agreements with certain convertible bondholders to exchange approximately $1.4 billion in outstanding convertible debt for Class A common stock, a move intended to retire a significant amount of long-term debt. However, this action may dilute the equity of existing shareholders.

On August 3, Eastern Time, Google (GOOGL) shares rose more than 5%, returning to $375 and breaking through a periodic high. According to media reports, a market analysis report indicates that Google plans to deploy 12 to 15 million units of its proprietary TPU v9 AI ASIC chips by 2028. Considering analysis suggesting that Nvidia's (NVDA) AI GPU shipments may reach 12.4 million units in 2028, Google’s server AI accelerator shipment volume is expected to catch up with or even surpass Nvidia's by the year after next.

On August 3 ET, Amazon (AMZN) shares hit a record high of $287.16, making it the fifth company in history to surpass a $3 trillion market capitalization. Amazon's recently released earnings report showed that AWS's second-quarter operating margin reached 39%. Customers, including AI labs and large enterprises, are racing to lease chips and computing equipment—to the point where business expansion is no longer constrained by market demand, but by the limits of production capacity.

Microsoft (MSFT) shares rose above the $460 mark following the release of its Q4 FY2026 earnings report, leaving the stock just $1 shy of its previous high of $466.32. The results highlighted that the primary catalyst for the stock's strength is evidence that AI monetization has entered an accelerated track, further reflecting investors' heightened focus on the return on investment (ROI) for AI spending.

As of July 28 Eastern Time, SpaceX (SPCX) hit a new intraday all-time low of $107.01, closing at , down nearly from its IPO price and over 50% from its peak. Reportedly, the booster failed to achieve a perfect recovery during the 13th Starship test flight. Meanwhile, as the lock-up expiration approaches, investors have been selling off SpaceX shares, and the stock's search for a bottom continues. However, after a six-week correction, the market capitalization has fallen to $1.43 trillion. As valuation bubbles continue to deflate, this raises the question: will SpaceX see a price recovery?

Earnings reports released by Amazon and Microsoft provided the market with a clear transmission chain from AI investment to revenue. The three major indices extended yesterday’s gains, with large-cap tech stocks leading the advance while memory stocks saw a slight pullback. At the close, the Dow Jones Industrial Average rose 0.53% to 52,485.03; the Nasdaq Composite Index gained 1.00% to 25,373.85; and the S&P 500 Index rose 0.70% to 7,489.72.

On July 31, Eastern Time, Micron (MU) fell more than 5% during intraday trading after an 18% surge yesterday. As of press time, the stock was trading at . Michael Burry, the inspiration behind the film "The Big Short," reportedly stated on Substack that he has increased his short position in Micron at a price of approximately $880.

On July 31, Eastern Time, Novo Nordisk (NVO) fell more than 10% at one point, marking its largest single-day decline since February 23, 2026. As of press time, the stock remained down 8.84% at $47.05. Novo Nordisk announced on Friday that its high-profile investigational heart drug, ziltivekimab, failed to meet the primary endpoint in a large-scale late-stage clinical trial.

On July 31, Eastern Time, Apple (AAPL) fell to the $300 level following the release of its third-quarter earnings report. Total market capitalization retreated to $4.4 trillion, despite reaching a global peak of $5 trillion just days ago. Although Apple's fiscal third-quarter performance was robust, with total revenue and iPhone sales slightly beating estimates, performance in the services business and the Chinese market fell short of expectations.

Apple (AAPL) shares fell more than 4% to $319.09 in post-market trading after the company reported its fiscal 2026 third-quarter financial results.

On July 30 Eastern Time, Amazon (AMZN) released its Q2 2026 earnings report, with its after-hours share price climbing over 8% at one point. As of press time, the stock remained up 6.97% at $251.92. During the period, Amazon’s net sales grew 20% year-over-year to $200.606 billion, exceeding market expectations of $196.47 billion. By region, revenue from the North America segment rose 16% year-over-year to $116.177 billion, while International segment revenue increased 15% year-over-year to $42.197 billion.

U.S. inflation cooled in June, weakening Federal Reserve rate hike expectations, while Microsoft’s earnings demonstrated that AI is poised to generate sustainable revenue, reversing previous sluggish market sentiment. The three major U.S. stock indices rose across the board, with memory stocks leading the gains and software stocks pulling back.

Oracle (ORCL) and Google Cloud announced a further expansion of their partnership, under which Google’s (GOOGL) Gemini large language models will be deeply integrated into the Oracle enterprise application suite, covering the two core product lines of Oracle Fusion Applications and NetSuite.

On July 30, Eastern Time, SK Hynix ADR (SKHY) shares staged a sharp rebound after a recent slump. As of writing, the stock was up over 15% at $146.39. Citigroup stated that AI demand will continue to drive up memory and flash chip prices, with supply-demand tightness expected to persist until at least 2027. Addressing concerns that a capacity surge from Chinese firms could lead to intense competition in the memory and flash markets, Citi dismissed the notion, noting that the two Chinese companies remain technically constrained in capacity. Although the expansion speeds of CXMT and YMTC are similar to those of global peers, their progress remains concentrated in mature DUV processes.

On July 29 Eastern Time, Meta Platforms (META) saw its share price drop over 7% to $541.44 during post-market trading following the release of its second-quarter 2026 financial results. During the period, Meta reported revenue of $60.801 billion, a 28% year-over-year increase, slightly exceeding market expectations of $60.17 billion. The advertising business experienced growth in both volume and pricing, with ad impressions across the Family of Apps rising 14% year-over-year and the average price per ad increasing 12% year-over-year.

Microsoft (MSFT) released its fiscal second quarter 2026 earnings after the US market close on July 29, Eastern Time. Overall, the results delivered a "triple beat," with revenue, profit, and Azure growth all exceeding expectations. Following the announcement, Microsoft's after-hours share price jumped more than 4% at one point; as of press time, it remained up 2.47% at $400.20.