Huanyao Fang

TradingKey - Few companies divide Wall Street as sharply as Tesla. Once treated as the undisputed king of the EV revolution, the company is now facing mounting pressure from slowing vehicle demand, rising competition, and growing skepticism around CEO Elon Musk’s long-term promises.

TradingKey - Samsung Electronics' South Korean union has announced the postponement of its planned large-scale strike, as members are set to vote on a preliminary wage agreement. This has temporarily mitigated market concerns over potential memory chip supply disruptions. Following the news, the US semiconductor sector experienced localized intraday volatility, with capital sentiment leaning toward caution.

TradingKey - The Federal Reserve is scheduled to release the minutes of the April FOMC meeting on May 21. This will be the first set of minutes in 2026 not led by Powell. On May 15, Kevin Warsh officially took office as the 17th Chair of the Federal Reserve; the leadership transition between the two chairs took place precisely between the conclusion of the meeting and the publication of the minutes.

TradingKey - On May 20, Eastern Time, labor-management negotiations at Samsung Electronics officially collapsed after management's rejection of terms led to the termination of mediation proceedings. The labor union announced the largest general strike in the company's history, scheduled from May 21 to June 7. Approximately 47,000 to 48,000 employees are expected to stop work, representing over 64% of the semiconductor division's total workforce. Samsung Electronics' share price tumbled more than 3% in early trading before eventually closing up 0.2%. This marks the largest-scale labor action in Samsung's history.

TradingKey - On May 19, Eastern Time, at the 2026 I/O developer conference, Google (GOOGL) issued a challenge in the AI model race to rivals OpenAI and Anthropic.

TradingKey - NVIDIA (NVDA.US) will release its first quarter fiscal 2027 financial results after the market close on May 20, Eastern Time. Market expectations project revenue at approximately $78.9 billion, representing a year-on-year increase of about 79%, with adjusted earnings per share (EPS) of approximately $1.77.

TradingKey - In recent years, cybersecurity has rapidly climbed to be among the top themes for Wall Street, with Palo Alto Networks being one of many companies that has thrived as a result. 

TradingKey — On Monday Eastern Time, U.S. President Trump announced the cancellation of a planned strike against Iran scheduled for Tuesday, after leaders from three regional powers in the Middle East requested that he “hold off on action.” As of press time, the Dow Jones Industrial Average fell 0.19%, the Nasdaq Composite declined 0.61%, and the S&P 500 dropped 0.37%.

TradingKey - During the Asian trading session on May 19, Standard Chartered PLC (02888.HK) rose more than 4% intraday to HKD 201.80, bringing its year-to-date cumulative gain to over 5%.

TradingKey - OpenAI plans to launch its IPO in the fourth quarter of 2026, with market valuation expectations near $8,520. Previously, OpenAI's valuation once crossed the trillion-dollar threshold. However, due to order uncertainty, internal governance controversies, Elon Musk's lawsuit, and regulatory investigations, its valuation has seen a significant drawdown following a capital market repricing. These events are casting substantial uncertainty over the upcoming IPO.

TradingKey - Micron Technology has become one of the biggest winners of AI in the semiconductor industry. Previously viewed mostly as a cyclical manufacturer of memory chips, Wall Street is now starting to see Micron as an important AI infrastructure company.

TradingKey - Since 2026, gold prices have undergone a sharp correction after hitting a record high of nearly $5,600/oz, falling to $4,100 in April before rebounding to above $4,700 in early May. The structural pricing logic for gold is experiencing a loosening, and investors are now focused on which signals will indicate the end of gold's long-term upward trend.

TradingKey - SpaceX has reportedly disclosed a target valuation of $1.75 trillion to $2 trillion to its underwriting team, with market consensus suggesting it will break the historical record for global IPO proceeds. Furthermore, the prospectus is expected to be publicly unveiled in late May, with final pricing to be completed around June 15.

TradingKey - Following a rally the previous day, Nvidia’s share price plunged during intraday trading on May 15, falling more than 4.6% at one point and wiping out a significant portion of its market value. Earlier, during pre-market trading, foreign media reported that sales of Nvidia's H200 chips to China are unlikely to achieve a substantial breakthrough in the short term. Nvidia's share price fell toward $230 at one point, a decline of over 3%, resulting in a market cap loss of approximately $170 billion (roughly RMB 1.1 trillion).

TradingKey - On May 15, ET, the 2-year Treasury yield broke above the 4% mark, the 10-year Treasury yield rose to 4.53%, and the 30-year Treasury yield held steady above 5%, reaching its highest level since May 2025.

TradingKey - On May 15, ET, the three major US stock index futures faced downward pressure in pre-market trading. Dow Jones futures fell 0.64%, Nasdaq 100 futures dropped 1.37%, and S&P 500 futures declined 0.97%. Stocks related to the Philadelphia Semiconductor Index continued to remain under pressure.

TradingKey - Figma (FIG.US) reported its first-quarter fiscal 2026 financial results after the market close on May 14, with core metrics beating Wall Street estimates across the board.

TradingKey - Amid recurring US-Iran conflicts and elevated valuations in tech stocks, selecting US equity ETFs is no longer simply a matter of "buying the index." The following list categorizes allocation strategies based on different investment objectives. Investors should select two to three directions to construct a portfolio based on their individual risk tolerance and existing portfolio structure.

TradingKey - On May 14, Eastern Time, the three major U.S. stock index futures fluctuated in pre-market trading. Dow Jones Industrial Average futures continued to climb, rising 0.64%, while Nasdaq 100 futures rose 0.19% and S&P 500 futures gained 0.24%. Most stocks related to the Philadelphia Semiconductor Index were under pressure.

TradingKey - During the U.S. stock overnight trading session on May 14 (Eastern Time), Nvidia (NVDA.US) shares surged, with gains briefly exceeding 3% and reaching a session high of $232.35.