Analysis

On July 28, Eastern Time, the three major U.S. stock indices diverged. The sell-off in chip stocks continued to intensify, and AI hardware stocks extended their recent declines. The Dow Jones Industrial Average strengthened, while the Nasdaq 100 Index fell more than 1% and the Philadelphia Semiconductor Index dropped over 5%.

Wayfair heads into August earnings with customer growth returning, stronger operating efficiency and improving order trends. Here is what investors should watch in the Q2 report.

BitMine heads into earnings with nearly 5% of Ethereum's circulating supply, a $4 billion buyback programme and growing staking income. Here's what investors should watch.

Nvidia secured a major data center order in Texas; however, its stock price declined and could potentially drop to $180.

TradingKey - As of July 27, Eastern Time, SpaceX (SPCX) shares were priced at $113.50, down 1.4%, after hitting an intraday low of $108.66, marking a new low since its listing. Compared to the all-time high of $225.64 reached on June 16, SPCX has seen a cumulative drawdown of nearly 50% and is down

Meta announced a partnership with BlackRock to build a super data center, and its stock price rose instead of falling.

Memory chip stocks were under pressure across the board, as Micron fell nearly 5%, breaking below the $900 level.

On July 28, Eastern Time, impacted by today’s slump in South Korean stocks, SK Hynix ADR (SKHY) fell below the $130 psychological level to hit a new record low since listing. As of publication, SK Hynix was down 8.76% at $130.49.

D-Wave Quantum heads into August earnings after expanding its partnership with AT&T. Here's why enterprise adoption, bookings and commercial revenue matter more than ever for QBTS investors.

Sandisk heads into its August 5 earnings report with AI-driven storage demand boosting margins and enterprise SSD growth. Here's what investors should watch before SNDK reports.

TradingKey - On Tuesday Eastern Time, the three major US stock index futures were mixed in pre-market trading. The market is awaiting the Federal Reserve's July interest rate meeting and earnings reports from tech giants, while concerns over AI infrastructure financing models and intensifying competition from Chinese semiconductor companies have led to a continued sell-off in chip stocks, significantly weighing on Nasdaq index futures.

TradingKey - July 28, SoftBank Group has recently seen new developments in both capital markets and M&A. A $40 billion bridge loan raised for investing in OpenAI attracted an additional 21 financial institutions during its syndication phase; meanwhile, negotiations to acquire Blackstone’s Japanese payment company SP.LINKS have entered the final stage.

TradingKey - Microsoft (MSFT) will release its fourth-quarter results for fiscal year 2026 after the market close on July 29, Eastern Time. As of July 27, ET, Microsoft's latest stock price stood at $389.1, rising 1.94% on the day; however, the stock has seen a cumulative decline of 19.54% year-to-date. The pressure on the share price is attributed to factors including the company's high AI capital expenditures, intensifying competition in the software industry, and a slower-than-expected pace of AI commercialization.

TradingKey - After the market close on July 29, Eastern Time, Meta Platforms (META) will report its second-quarter 2026 results. Following the significant market volatility triggered by Alphabet's substantial upward revision of its capital expenditure guidance, Meta has become one of the most closely watched companies during this tech earnings season.

TradingKey - On July 28 ET, U.S. semiconductor stocks continued to face pressure in pre-market trading. Micron Technology (MU) fell over 5%, while AMD (AMD) and Intel (INTC) both declined by more than 4%, signaling that capital continues to withdraw from memory chip and AI concept stocks that saw significant recent gains.

TradingKey - The Federal Reserve is scheduled to announce its July interest rate decision on July 29, ET. While the federal funds rate target range is currently maintained at 3.5%-3.75%, the level of uncertainty surrounding this meeting is at a high rarely seen since September 2024. Interest rate swap market data indicates a roughly 40% probability of a 25-basis-point rate hike, and the CME FedWatch Tool shows a probability of approximately 36%, up significantly from only about 10% two weeks ago.

TradingKey - On July 28, Arm (ARM) announced the signing of a strategic cooperation Memorandum of Understanding (MoU) with Unity China. The two companies plan to combine Arm's strengths in mobile computing and graphics technology with Unity China's capabilities in real-time 3D engines and local developer services to jointly enhance the development and operating experience of games and interactive content on the Arm platform.

TradingKey - On July 28, Japanese and South Korean stock markets encountered a new wave of sell-offs, with the South Korean market experiencing particularly severe declines. Samsung fell more than 13%, SK Hynix dropped over 14%, and Kioxia plummeted more than 18%.

The CLARITY Act, coupled with rising pressure for Federal Reserve rate hikes, triggered a collective plunge in cryptocurrencies.

TradingKey - Palantir (PLTR) will report its second quarter 2026 financial results after the market close on August 3, Eastern Time. Following a significant valuation pullback so far this year, this earnings report is regarded as a critical milestone to verify whether the company's fundamentals rema