Andy Chen

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.

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.