Andy Chen

According to Reuters, OpenAI Chief Financial Officer Sarah Friar stated that the company's enterprise business is becoming a major engine of revenue growth. From June to July, OpenAI's enterprise revenue grew by 32%, outpacing the 20% growth rate of the company's overall annualized revenue during the same period.

Ongoing tensions in the Middle East, coupled with the U.S. Treasury's scheduled announcement tomorrow on the scale of Treasury buybacks and the CPI report due this Friday, led investors to remain cautious ahead of key developments, dampening market trading sentiment. U.S. stocks fell, though semiconductor shares bucked the trend to gain. At the close, the Dow Jones Industrial Average fell 1.18% to 52,786.07; the Nasdaq Composite Index slipped 0.32% to 26,421.41; and the S&P 500 Index dropped 0.58% to 7,673.52.

On September 8, Eastern Time, SpaceX (SPCX) shares broke above a recent high of $150, with technical analysis suggesting the stock could further breach $161. JPMorgan Securities strategist Min Moon and his team estimate that, following a rebalance, SpaceX's weight in the Nasdaq 100 Index could rise to 1.51%, driving net purchases of approximately $12.4 billion in SpaceX stock by index funds and ETFs tracking the benchmark.

On September 9, Eastern Time, Bloom Energy (BE) reclaimed the $280 mark for the first time in two months. Last Friday, S&P Dow Jones Indices announced that Bloom Energy will be officially added to the S&P 500 Index, effective before the market opens on September 21. Meanwhile, in July of this year, the family portfolio of former U.S. House Speaker Nancy Pelosi had already placed a heavy bet on the stock. The index inclusion and the high-profile stake increase have provided Bloom Energy's share price with dual support from both structural capital inflows and market sentiment.

London Metal Exchange (LME) copper prices hit a record high following weeks of continuous gains. Market bets that U.S. President Donald Trump might expand the scope of copper tariffs to include refined copper imports prompted traders to accelerate shipments to the United States, further tightening short-term supply in other regions.

On September 8, Eastern Time, Verizon (VZ) and Corning (GLW) announced a multi-year, multi-billion-dollar fiber optic supply agreement covering the period from 2027 to 2032. The deal involves over 80 million miles of high-density fiber optic cable to expand U.S. broadband access and build high-density backbone networks to support generative AI computing demands. Following the announcement, Corning's stock price surged over 8% at one point to reach $166.75.

According to industry sources cited by South Korean media outlet *Economy Tribune*, Apple (AAPL) is set to sign a long-term agreement (LTA) for NAND flash memory in the near future, though the counterparty, procurement volume, and pricing terms have not yet been disclosed. Citi noted in a report that the market widely speculates Kioxia may be the partner for this NAND LTA, although neither Apple nor Kioxia has officially confirmed the arrangement.

South Korean brokerage KB Securities pointed out in its latest research report that memory semiconductor inventories at Samsung Electronics and SK Hynix (SKHY) have fallen to less than 10 days of supply, and available supply will be significantly insufficient next year.

Citi maintains a bullish forecast for gold (XAUUSD) prices, with a 3-month target of $4,800/oz and a 6-to-12-month target of $5,000/oz, both above the current spot gold price of around $4,400. The bank believes that if normal shipping through the Strait of Hormuz resumes in the fourth quarter of 2026, falling energy prices could serve as a key catalyst for the next leg of the gold rally.

According to the latest memory industry research from TrendForce, a significant rise in conventional DRAM contract prices in the second quarter of 2026 drove total DRAM industry revenue up 59.5% quarter-on-quarter to nearly $154.73 billion.

On September 4, Eastern Time, Tesla (TSLA) shares fell over 6%, giving back all of the previous day's gains. Market reaction indicates that investors' focus on the Cybercab's official entry into the Robotaxi fleet has shifted from "whether it can be launched" to "whether it can achieve large-scale commercial operation."

JPMorgan analyst Harlan Sur noted that Nvidia's (NVDA) FY28 70% year-over-year growth framework is not a ceiling on demand; without supply constraints, business growth could have exceeded 100%. An important backdrop for management providing a multi-year growth framework in advance is the significant gap between market consensus expectations and internal company assessments.

Driven by stronger-than-expected U.S. August nonfarm payrolls data, market expectations grew that the Federal Reserve might raise interest rates at its next policy meeting, sending major U.S. stock indices lower. Semiconductor stocks bucked the trend to move higher, with memory and optical communications stocks leading the gains. At the close, the Dow Jones Industrial Average fell 0.51% to 53,414.25; the Nasdaq Composite Index slipped 0.29% to 26,506.99; and the S&P 500 Index lost 0.38% to 7,718.60.

Apple (AAPL) shares edged lower on Friday as the market awaited the company's new iPhone product launch event on September 9. Citi expects that the starting price for Apple's first foldable iPhone could exceed $2,000, while TrendForce projects that overall prices for the iPhone 18 series could rise by 10% to 20% due to sharp increases in memory prices.

On September 4, according to South Korean media outlet Greened.kr citing semiconductor industry sources, Arm Holdings (ARM) approved the allocation of non-recurring engineering (NRE) funding for a next-generation on-device AI system-on-chip (SoC) and officially launched joint R&D with Samsung Electronics. The project adopts a collaboration model where Arm provides the core technology while Samsung handles design and manufacturing, with plans for mass production using an advanced 2-nanometer process node.

According to Yonhap News Agency on September 4, citing industry insiders, Micron (MU) plans to boost its monthly High Bandwidth Memory (HBM) capacity to approximately 100,000 wafers by the end of 2026, nearly doubling from last year's level. If the target is achieved as scheduled, the capacity gap between Micron and Samsung Electronics as well as SK Hynix could narrow to roughly half of its current size.

On September 4 Eastern Time, US August non-farm payrolls significantly exceeded expectations, fueling expectations of a Federal Reserve rate hike. US Treasury yields subsequently moved higher, with the 2-year Treasury yield touching its highest level since January 2025. Markets expect the Fed could raise rates within a few weeks; according to the CME FedWatch Tool, Federal Funds futures traders currently price in a 58% probability of a rate hike. Although this stronger-than-expected employment data was expected to weigh on high-valuation growth stocks, the US semiconductor sector rallied sharply in early trading today.

On Thursday, OpenAI announced the launch of its next-generation artificial intelligence model, GPT-6 Astra, positioning it as a major step in the company's journey toward artificial general intelligence (AGI). The new model is initially available to enterprise users participating in the Daybreak program, followed by a phased rollout to ChatGPT Plus, Pro, Business, and Enterprise users, and will be offered through the OpenAI API and Amazon Web Services (AWS).

U.S. Treasury yields moved lower again as Federal Reserve Governor Waller indicated a inclination to keep interest rates unchanged at the central bank's next policy meeting in two weeks, boosting market trading sentiment. U.S. stocks strengthened, with technology and software shares leading the gains. At the close, the Dow Jones Industrial Average rose 1.18% to 53,686.11 points; the Nasdaq Composite Index gained 1.40% to 26,584.06 points; and the S&P 500 Index advanced 1.06% to 7,747.71 points.

On September 3, Eastern Time, Nvidia (NVDA) announced its acquisition of open-source AI platform Hugging Face for $12.93 billion, marking Nvidia's largest single acquisition to date. Nvidia stated that the merger will expand Hugging Face's platform scale, strengthen its infrastructure, and deliver a broader range of artificial intelligence services to developers and institutions worldwide.