Analysis

On August 25, Eastern Time, SpaceX (SPCX) shares fell by only about 1% following its second post-IPO lock-up expiration on August 20, as the market absorbed the additional share supply relatively smoothly. Meanwhile, catalysts for SpaceX's stock price continue to build. JPMorgan analyst Doug Anmuth maintained an "Overweight" rating on SpaceX and set a price target of $240, representing an upside of about 70% from current levels.

Morgan Stanley's latest estimates show that as external sales of Google's (GOOGL) proprietary TPUs gradually scale up, Alphabet's AI chip business could become a new growth engine for Google Cloud. The firm projects that TPU-related Google Cloud revenue could reach $84 billion and $108 billion in 2027 and 2028, respectively, totaling nearly $200 billion over the two-year period.

OpenAI said on Wednesday that engineering samples of Jalapeno, its first custom chip jointly developed with Broadcom (AVGO), have been delivered and are currently undergoing laboratory testing. Broadcom CEO Hock Tan stated that early results show Jalapeno's operating costs could be approximately 50% lower than those of common AI GPUs under typical AI workloads.

Marvell Technology (MRVL) will report its Q2 FY2027 financial results after the market close on August 27, US Eastern Time. Over the past three months, its stock price experienced a distinct surge, pullback, and rebound: reaching an all-time high of $329 on June 18, falling to a recent low of $162.90 on July 29, and subsequently rebounding to around $243 currently.

TradingKey - MU Aug 25: Q3 $41.46B (+346% YoY), Q4 guidance $50B (+21% seq), 86% margin. HBM4 high-volume production, $10B Research Labs Aug 20, $250M Paradigm Fund Aug 13. RSI 40, support $900, resistance $960-$1031. Sustainability/pricing normalization main risks.

TradingKey - On Tuesday, August 25, Eastern Time, billionaire investor Stanley Druckenmiller publicly criticized the Treasury buyback program launched by U.S. Treasury Secretary Scott Bessent. The head of Duquesne Family Office bluntly stated that the plan is an act of "price management" through which the government attempts to intervene in the market via administrative means, and is doomed to fail.

TradingKey — Dick's Sporting Goods (DKS) reported second-quarter results on Tuesday that fell short of Wall Street expectations and lowered its full-year guidance due to weak performance at Foot Locker. The company stated that intensifying competition in the athletic footwear and apparel market, increased promotional activity, and more cautious consumers are putting pressure on parts of its business.

TradingKey - MA Q2: Revenue $9.3B (+14%), EPS $5.04 (beat), GDV $2.9T (+8%), cross-border +12%, VAS +20%. BVNK Aug 3. Stablecoin settlement, Agent Pay, BitLicense. Virtual cards 43 countries.

TradingKey - On August 25, Eastern Time, Wall Street investment bank Raymond James upgraded its rating on Advanced Micro Devices (AMD) from "Outperform" to "Strong Buy," stating that its strategic positioning in the server CPU market is expected to challenge Intel's (INTC) long-standing dominance.

TradingKey - On Tuesday, August 25, Eastern Time, futures on the three major U.S. stock indexes rose across the board in pre-market trading. Selling pressure on tech stocks temporarily eased and market sentiment recovered cautiously, but investors generally remained on the sidelines ahead of Nvidia's earnings report and key inflation data to be released this week.

TradingKey - SNDK Aug 25: Q4 $8.97B (+51% seq), FY26 $20.25B (+175% YoY), DC +437%. Q1 guidance $10.30-10.80B, $44-46 EPS. New 2TB QLC 3D NAND Aug 12. HBF partnership. Chinese YMTC $4.9B IPO Aug 21. Stock $1,493 (down 6.45%), recent +35%/-9% volatility.

TradingKey - Ahead of August 25, Eastern Time, former U.S. House Speaker Nancy Pelosi's July congressional trading report was officially disclosed, revealing that she initiated positions in clean energy company Bloom Energy (BE) and chip giant Intel (INTC). Boosted by the disclosure, Bloom Energy rose over 6% in pre-market trading on Tuesday, while Intel gained 4%.

TradingKey - U.S. President Donald Trump's latest financial disclosure shows that he has purchased shares in Elon Musk's SpaceX (SPCX), with the transaction valued at up to $50,000.

TradingKey - Marvell Technology (MRVL) will release its second-quarter fiscal 2027 financial results after the market close on August 27, Eastern Time. As of pre-market trading on August 25, Marvell's stock was trading at $235.11, up approximately 221% over the past 12 months.

TradingKey - Apple (AAPL) is reportedly preparing to launch its first updated Mac mini in nearly two years, with the new product potentially debuting as early as the next few days—possibly even ahead of its September iPhone launch event.

TradingKey - After seven consecutive trading days of declines, Nvidia (NVDA) is set to release a crucial earnings report that will determine the direction of the AI trade.

Bloom Energy (NYSE: BE) In-Depth Analysis: Why do AI data centers need Energy Servers? Unpacking Oracle's 1.2 GW order, SOFC technology, 2–5 GW capacity, gross margin, cash flow, SMR competition, and 2030 valuation to determine whether BE's current stock price is overvalued.

TradingKey - On August 24 EDT, Reuters reported that Alabama Attorney General Steve Marshall announced he has issued a subpoena to OpenAI, officially launching an investigation into the breach of the open-source platform Hugging Face by the company's AI models.

Ahead of its earnings release, Nvidia has suffered a seven-day losing streak, with the key $200 round-number level facing a crucial test.

Micron shares plunged nearly 6% in a single day, triggering selling pressure, and the stock could face an 18% retest of its bottom going forward.