Analysis

TradingKey - Ahead of its upcoming second-quarter 2026 earnings report, Intel (INTC) has once again initiated an organizational restructuring. According to multiple media reports, Intel has notified employees in its Data Center & AI Group (DCG) that the company will implement a new round of layoffs.

TradingKey - Goldman Sachs' (GS) global commodities research team released a new report stating that if the transportation of crude oil and refined products through the Strait of Hormuz faces sustained and severe disruptions, Brent crude (UKOIL) prices could rise above $120 per barrel by the fourth quarter of 2026. Goldman Sachs also emphasized that $120 is not its current baseline forecast, but rather an upside scenario based on conditions such as long-term restrictions on transit through the strait, a significant decline in crude oil exports from the Gulf region, and insufficient alternative transportation capacity.

TradingKey - On July 21, Eastern Time, the U.S. District Court for the Northern District of California officially approved a $1.5 billion final class action settlement agreement reached between AI giant Anthropic and a group of authors, officially ending the dispute over its use of pirated books to train the Claude large language model. The conclusion of this deal has set a new record for the highest copyright case settlement amount in U.S. history.

TradingKey - As of the Asian session on July 21, gold prices (XAUUSD) staged a sharp intraday rebound, rising 1.56% to reach a high of $4,084.28. From a technical perspective, gold prices have recently been consolidating around the $4,000 level and began to rally today amid expectations of cooling tensions between the U.S. and Iran.

TradingKey - Microsoft (MSFT) announced that it will deploy AMD's next-generation rack-scale AI system, Helios, in its Azure data centers to provide computing power support for frontier large model inference and Azure AI services. This move not only signifies a further expansion of Microsoft's partnership with AMD but also adds another top-tier global cloud service provider to the list of Helios customers, following Meta (META), OpenAI, and Oracle (ORCL).

Japanese and South Korean equity markets staged a sharp rebound, with both the KOSPI and Nikkei 225 rising over 3%. Kioxia soared more than 17%, while SK Hynix, Samsung, and SoftBank climbed between 4% and 6%.

TradingKey - As of July 20 ET, Oracle (ORCL) shares fell 3.98% on the day, hitting a new year-to-date low of $120.03 and nearing last year’s low of $118.86. Although Oracle’s latest earnings report indicated that cloud business and AI infrastructure orders remain strong, market concerns regarding high capital expenditures, debt pressure, customer concentration, and free cash flow have continued to mount. This has resulted in a significant pullback from previous highs driven by the AI cloud rally. Since reporting earnings on June 10, Oracle's stock has seen a cumulative decline of 39.54%.

As SpaceX shares fell for seven consecutive sessions and broke below a key level, Cathie Wood has continued to increase her holdings, raising questions about her investment rationale.

TradingKey - On July 21, Samsung Electronics announced the establishment of its "Robotics eXperience" (RX) division. The new department will report directly to the CEO and is tasked with formulating medium-to-long-term robotics business strategies, researching core technologies, and driving product commercialization, while expanding Samsung's robotics R&D capabilities in South Korea and overseas.

GM reports Q2 2026 this morning at 6:30 AM ET. Consensus: EPS $3.13, revenue $45.96B. Four consecutive beats with a 20.25% average surprise. Average analyst target $95.85. At $75.67, here is what to watch.

Market concerns over a potential resurgence in inflation are gradually subsiding, leading to a recovery in the crypto market as both Bitcoin and Ethereum rose to reclaim key levels.

Ethereum outperforms the market, holding crucial $1,840 support as spot ETF inflows surge. Discover why whales are targeting a breakout past $2,000.

TradingKey - On July 20 (ET), the three major US stock indices closed slightly lower. Investors continued to weigh the escalation of Middle East tensions, high oil prices, and the impact of large-cap tech earnings this week. Despite a recovery in the semiconductor sector following last week’s sharp

Intel reports Q2 2026 on Thursday after close. Up 317% in a year. 18A-P is in risk production. Apple and Microsoft are foundry partners. Options pricing a 12% swing. At $97, here is what Thursday needs to prove.

Japanese and South Korean stock markets rebounded following sharp declines, with the KOSPI and Nikkei 225 edging higher. Kioxia led the gains, while Samsung Electronics, SK Hynix, and SoftBank followed suit.

TradingKey - Impacted by the release of the Kimi K3 model by Chinese AI startup Moonshot AI and a new round of military conflict between the U.S. and Iran, the three major U.S. stock indices reversed earlier gains to close lower. Hyperscalers provided support against the trend, while chip and memory stocks stabilized as the market awaited Google's earnings report due on Wednesday. At the close, the Dow Jones Industrial Average fell 0.59% to 51,839.32; the Nasdaq Composite Index dropped 0.05% to 25,508.07; and the S&P 500 Index declined 0.19% to 7,443.28.

TradingKey - On July 20, ET, Oracle (ORCL) shares fell as much as 4% at one point, hitting their lowest level since April 2025. As of press time, the stock was down 2.94% to $122.69. It is reported that S&P Global recently downgraded the company's credit rating to BBB—just one notch above junk status. Although the share price recovered slightly from its intraday lows, market debate regarding the veteran tech giant continues.

TradingKey - On July 20, Eastern Time, the three major U.S. stock indices diverged once again. Technology stocks regained their upward momentum, with the Dow Jones Industrial Average declining while the S&P 500 and Nasdaq Composite Index rose. The Philadelphia Semiconductor Index gained over 2%, with 26 of its 30 components advancing. At the time of publication, the Dow Jones Industrial Average fell 0.18% to 52,051.10 points; the Nasdaq Composite Index rose 0.82% to 25,728.81 points; and the S&P 500 Index rose 0.41% to 7,488.09 points.

TradingKey - On July 20 (ET), chip giant AMD (AMD) is preparing to deliver its first rack-scale AI system, Helios, to customers. According to CNBC, this represents the first true competitor in years to Nvidia’s (NVDA) Blackwell and Vera Rubin systems. Meanwhile, Microsoft announced it will deploy the Helios system in its data centers. AMD will begin shipping to customers, including Microsoft, later this year; specific financial terms and computing scales were not disclosed.

TradingKey - AMD has 12 gigawatts of committed demand from Meta and OpenAI. On Tuesday, the Advancing AI event reveals MI450 and Helios. At $508, here is what this week’s event means and why August 4 is the financial test.