Analysis

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.

TradingKey - On August 25, Reuters reported that union members at South Korea's SK Hynix rejected a tentative wage deal previously reached with management by a very narrow margin on Tuesday, injecting fresh uncertainty into labor negotiations at the major global memory chipmaker. Following the news, SK Hynix shares dropped nearly 5% in intraday trading today, significantly underperforming the benchmark KOSPI index's roughly 2% decline, bringing labor talks back to the center of market attention.

TradingKey - Nvidia (NVDA) announced on Monday that the NVIDIA Groq 3 LPX, built on Groq technology, has entered full mass production, with related rack systems set to launch this year. Serving as a key component of the Vera Rubin platform, the Groq 3 LPX primarily targets the fast-growing AI inference market, further refining Nvidia's computing power layout from AI model training to real-world deployment.

TradingKey - On August 24, Eastern Time, the three major US stock indexes closed mixed. Markets continued to digest valuation pressures on tech stocks, wait-and-see sentiment ahead of Nvidia's (NVDA) earnings report, expanded US economic pressure on Iran, and escalating US-Canada trade tensions. Whi

Former US House Speaker Nancy Pelosi has filed a new financial disclosure. The filing shows that Pelosi significantly increased her position in Bloom Energy (BE) shares and options.

The US Treasury may use $950 billion from its Treasury General Account (TGA) to support US Treasury buybacks, easing US bond yields from their highs. However, Donald Trump's warning to raise tariffs on Canadian automobiles to 50% dampened market trading sentiment. The three major US stock indices ended mixed, as AI hardware stocks faced a sell-off and memory chip stocks led the declines. At the close, the Dow Jones Industrial Average rose 0.26% to 53,417.16; the Nasdaq Composite Index fell 0.76% to 25,980.19; and the S&P 500 Index slipped 0.28% to 7,652.86.

On August 24 Eastern Time, constituents of the Philadelphia Semiconductor Index fell across the board, with AI hardware stocks pulling back collectively. Memory, optical communications, and chip stocks led the decline.

Nvidia (NVDA) announced on Monday that SpaceX's (SPCX) artificial intelligence division, SpaceXAI, will deploy Nvidia Vera CPUs to develop and run next-generation agentic AI applications. The chips will be utilized across multiple projects, including the Grok chatbot, helping manage tasks among tool calling, code execution, data analysis, and model inference to reduce response times for AI agents.

On August 24, Eastern Time, Micron (MU) shares fell below the $900 mark again, dropping by as much as 7% intraday, but this does not indicate any change in the memory supply shortage landscape.

After Alibaba (BABA) announced a share placement, the market initially responded with a sell-off, but the stock price did not continue to slide. Meanwhile, several top investment banks maintain a positive outlook on the company.

TradingKey - MS Q2: Revenue $21.35B (+27% YoY), EPS $3.46 (+62%), ROE 20.7%, ROTCE 26.6%. Institutional Securities $11.04B (+44%), equities $6.30B (+69%), IB $2.44B (+58%). Wealth $8.86B (+14%), inflows $148.1B record, fee assets $3.02T. IM AUM $2.0T.

TradingKey - PLTR Q2: Revenue $1.935B (+93% YoY), U.S. comm $764M (+149%), U.S. govt $809M (+90%), EPS $0.41 (+18%). TCV $3.37B, NDR 157%, Rule of 40 155%. Guidance FY $8.15B (+82%). AIP wins head-to-head. 220 deals $1M+, 653 U.S. customers.

TradingKey - Michael Wilson, Chief U.S. Equity Strategist at Morgan Stanley (MS), warned that another significant surge in oil prices could become one of the biggest risks currently facing the U.S. stock market. He advised investors to appropriately allocate to energy stocks to mitigate the impact of spiking oil prices on equity portfolios.

TradingKey - On August 24 US Eastern Time, Pinduoduo (PDD) experienced sharp volatility in US pre-market trading. Following the release of its second-quarter earnings report, its stock price initially plunged over 5% before quickly rebounding into positive territory, rising as much as over 5% to $92.91.

TradingKey - GS Q2: Revenue $20.34B (+39% YoY), EPS $20.98 (+92%), ROE 23.5%, ROTE 25.5%. GBM $15.52B (+53%), equities $7.42B (+72%), FICC $4.59B (+32%), IB $3.4B (+55%). AWM $4.6B (+20%), AUM $4.04T. Dividend $5.00 (from $4.50).

TradingKey — On Monday, August 24 Eastern Time, futures on the three major US stock indexes were mostly lower in pre-market trading. Tech stocks came under broad pressure, and with the Federal Reserve's policy outlook remaining uncertain, global equities got off to a weak start in a crucial week as overall market sentiment remained cautious.

TradingKey - TSLA: Nevada robotaxi approval Aug 20 (5,000 vehicle permit, full Clark County coverage). China recall 2.98M vehicles Aug 21 (door handles). Q2 revenue $28.236B (+26%), 480,126 deliveries, Shanghai up 37.8%. Cybercab employee testing Aug 17. Energy +13%, margin fell 30.3% to 20.4%. Cape

TradingKey - After the market close on August 21 ET, Applied Optoelectronics (AAOI) filed with the SEC, announcing the launch of an At-the-Market (ATM) offering program of up to $600 million. Sales agents Raymond James and Needham are entitled to commissions of up to 2% of the total gross proceeds. Affected by the news, the stock dropped approximately 10% to around $112 in after-hours trading that day. In pre-market trading on Monday, August 24, the decline widened further to over 12%.

TradingKey - Cybersecurity company CrowdStrike (CRWD) will release its second-quarter fiscal 2027 financial results after the market close on August 26 Eastern Time.

TradingKey - According to a report by The Information citing people familiar with the matter, Nvidia (NVDA) is in talks to participate in a new funding round for Perplexity at a valuation of over $30 billion. If completed, the deal would be one of its largest investments in the AI application layer, signaling the chipmaker's push to expand from a hardware supplier into a dominant player in the AI ecosystem.