Analysis

TradingKey - On July 14, Eastern Time, IBM (IBM) shares plummeted more than 25%, marking its largest single-day decline in nearly 60 years. The century-old tech giant, positioned at the forefront of both AI and quantum computing, saw approximately $69 billion in market capitalization evaporate in a single day. Behind this crash, a structural change is being revealed: AI computing hardware is increasingly squeezing enterprise software budgets.

TradingKey - During the Asian trading session on July 17, Japanese media reported that SoftBank Group plans to issue approximately 60 billion yen (about $369 million) in bonds to Japanese institutional investors this month to raise funds for AI-related investments.

TradingKey - JPMorgan’s (JPM) Global Markets Strategy team warns in its latest report that the deleveraging process initiated by US investors in June remains ongoing. Leveraged equity ETFs, options markets, and margin accounts all have room for further risk exposure reduction, which could serve as a significant headwind for US and global equity markets in the coming months.

The last-minute cancellation of Starship V3's 13th test flight sent SpaceX shares tumbling once again, and the stock price is expected to remain under continued downward pressure.

TradingKey - As a core product of Alphabet's (GOOGL) (GOOG) artificial intelligence strategy, Gemini 3.5 Pro was originally met with high market expectations. However, according to several people familiar with the matter, the release of this flagship model has been delayed by several months from its original schedule.

Japanese stocks faced a "Black Friday" as the Nikkei 225 fell more than 4%. Kioxia’s plunge triggered a limit-down, while SoftBank plummeted 9%.

Kioxia shares tumbled 16% today, extending their decline over the past month to more than 50% and dropping the company's market capitalization ranking to fifth place in the Japanese stock market.

IBM found capital support near $200, but whether it can further strengthen depends on the upcoming conference call.

TradingKey - As of July 16, Eastern Time, Netflix (NFLX) shares were last reported at $74.35, up 0.91% for the day, hitting an intraday high of $74.68. However, the stock price plunged 9.05% in after-hours trading following the release of the company's second-quarter earnings report.

Intel reports Q2 2026 results on July 23 after guiding for revenue of up to $14.8 billion. INTC is testing double-bottom support near $94 after a sharp semiconductor selloff.

TradingKey - On July 16, Eastern Time, the three major US stock indices closed lower collectively. Although US economic data remained robust and the start of the second-quarter earnings season was generally better than expected, a continued sell-off in semiconductor and AI hardware stocks weighed on

Micron posted record fiscal Q3 revenue of $41.46 billion and guided for $50 billion in Q4 sales, but MU has broken below $897.80 support as investors assess capacity growth and peak memory margins.

Japanese stocks extended their decline at the market open, with the Nikkei 225 falling more than 4%. Kioxia plummeted over 15%, and SoftBank dropped more than 7%.

Tradingkey - Intel (INTC) announced Thursday that it has officially upgraded its multi-year strategic partnership with Google Cloud, a subsidiary of Google (GOOGL), to fully implement Google Cloud’s Gemini Enterprise model across Intel’s internal systems. The deployment covers two major areas—enterprise-wide office productivity and core chip R&D—to accelerate the semiconductor giant's end-to-end digital transformation. Under the agreement, Intel will roll out generative AI capabilities to its global workforce, optimizing the efficiency and scale of traditional workflows such as engineering, supply chain, and corporate operations. Simultaneously, by leveraging Google Cloud’s scalable infrastructure to upgrade its semiconductor R&D environment, Intel aims to compress chip design cycles through customized agent workflows and strengthen cross-departmental collaboration.

Tradingkey - On July 15 ET, the three major U.S. stock indices diverged. The Dow Jones rose independently, while the S&P 500 and the Nasdaq Composite Index retreated. The Philadelphia Semiconductor Index tumbled more than 4%, with all 30 constituents declining across the board. At the time of publication, the Dow Jones Industrial Average was up 0.17% at 52,745.56; the Nasdaq Composite Index fell 0.84% to 26,048.62; and the S&P 500 Index dropped 0.23% to 7,554.93.

TradingKey - Micron Technology (MU) has officially expanded its core AI memory strategy from data centers to the intelligent connected vehicle sector. By signing long-term strategic customer agreements with Qualcomm, Hyundai, and several leading automotive technology suppliers, the company has secured downstream demand for high-end automotive memory and completed its full-scenario AI memory business portfolio. As the automotive industry accelerates its transition toward software-defined vehicles (SDV), the continuous iteration of in-vehicle infotainment (IVI), advanced driver assistance systems (ADAS), and high-level intelligent vehicle features is driving rapid growth in demand for advanced memory performance and capacity. Consequently, long-term supply stability and predictability have become core requirements for automakers and the supply chain.

TradingKey - Citigroup reported Q2 2026 EPS of $3.15 on $24.8 billion in revenue, comfortably beating estimates. However, shares fell after management maintained its profitability target while increasing investment spending. Here's what it means for Citigroup stock.

TradingKey - Bank of America posted Q2 2026 net income of $9.1B, EPS of $1.21 (beat by 7.7%), revenue up 15%, and its 17th consecutive quarter of trading growth at +33%. The stock broke out above $61. Here’s what $63 needs.

TradingKey - On July 16 (ET), according to data released by the U.S. Department of Commerce on Thursday, retail and food services sales in June rose 0.2% month-on-month, in line with market expectations and marking the fifth consecutive month of growth. The figure for May was revised upward to 1% from an initial reading of 0.9%.

TradingKey - SpaceX (SPCX) will conduct the 13th Starship test flight at 5:45 p.m. local time on Thursday at the Starbase facility in South Texas. This marks not only the second flight of the Starship V3 version but also the first major flight test since SpaceX completed its IPO, drawing significant attention from capital markets.