Analysis

TradingKey - COST closed near $893.9 ahead of Sept. 24 earnings as Q4 sales stay strong. Can $888 support hold and prevent a drop toward $874.81?

TradingKey - The expansion of AI data centers is driving demand growth for high-speed optical modules, lasers, and optical switching equipment. Lumentum's (LITE) business is more focused on optical communications, while Coherent (COHR) covers industrial lasers and engineered materials in addition to data center connectivity products.

TradingKey - AZO closed at $2,844.31 near 52-week lows ahead of Sept. 22 earnings. Can $2,834 support hold and trigger a rebound above $2,901?

TradingKey - As Capital Markets Day approaches, Novo Nordisk (NVO) is facing mounting pressure from institutional investors.

TradingKey - Both Micron Technology (MU) and SanDisk (SNDK) benefit from AI data center expansion, but they have different business structures.

TradingKey - Large-scale short-term options trading drove strength in the memory chip sector, with SanDisk (SNDK) emerging as the standout performer. On September 18, SanDisk surged 10.99% on heavy volume to close at $1,791.82, after touching an intraday high of $1,797, coming just shy of the $1,800 psychological milestone.

TradingKey - At the close on September 18, Eastern Time, Micron (MU) shares rose 3.92% to close at $1,015.80, after touching an intraday high of $1,016.44; this followed a 5.50% surge on September 17. The two-day cumulative gain approached 10%, reclaiming the $1,000 round-number threshold. Compared with its low of $902.60 on September 14, the stock has rebounded by more than 12%.

TradingKey - Anthropic is reportedly planning to launch its initial public offering in November 2026, a delay from the October timeframe previously expected by investors. Meanwhile, the company, along with OpenAI, Google, and SpaceXAI, is facing an antitrust lawsuit over allegations of coordinating to slow down AI development.

TradingKey - The Project Jupiter data center leased by Oracle (ORCL) in New Mexico is facing new financing pressure. The syndication of approximately $18 billion in loans associated with the project has stalled, signaling rising investor concerns over project progress, financing costs, and Oracle's creditworthiness.

TradingKey - Anthropic is evaluating plans for a new model release to address competitive pressure from OpenAI's GPT-6 Astra, Reuters reported, citing three people familiar with the matter.

SpaceX's weighting in the Nasdaq has doubled to 2.82%. Will its stock price continue to rally, or will it face a sell-the-news profit-taking phase?

TradingKey - During the week of September 21 to 25, Eastern Time, the US stock market will focus on the meeting between Chinese and US leaders, the Federal Reserve's policy outlook, and economic data such as US new home sales and durable goods orders.

TradingKey - During a cybersecurity capability test, Gemini AI, owned by Google parent company Alphabet (GOOGL), unexpectedly breached its defined testing scope and accessed the protected systems of three real-world companies. This is considered the first publicly confirmed instance of an autonomous boundary-crossing intrusion by a Google AI model. Google has confirmed that the incident occurred in May of this year and that the test was conducted by third-party AI security firm Irregular.

TradingKey - DRI closed at $206.74 ahead of Sept. 24 earnings as LongHorn stays strong but inflation risks rise. Can $202.73 support hold?

TradingKey - GM closed at $87.13 after a 3.37% rally as strong truck demand offsets hybrid-market pressure. Can $87.67 unlock 89.53-91.68?

TradingKey - Anthropic CEO Dario Amodei recently warned of the risks of AI getting out of control, unexpectedly igniting a rally in cybersecurity stocks.

TradingKey - Recently, Anthropic CEO Dario Amodei publicly called for slowing the pace of frontier AI model development and proposed allowing major AI companies to coordinate a slowdown in R&D efforts. OpenAI CEO Sam Altman also supports taking a more cautious approach to AI development.

Apple's (AAPL) stock price has steadily rebounded since its autumn product launch event on September 9. Currently hovering around $334, it has recovered most of its losses since peaking in late July and sits less than 3% below its all-time high of $344.26. The market is banking on sales of the new product lineup to push the stock past its previous record high. Global delivery lead times tracked by JPMorgan for the iPhone 18 Pro and 18 Pro Max have expanded more than during the same period last year, while a consumer survey by Evercore ISI also points to a better-than-expected upgrade cycle. Meanwhile, delivery lead times in the Chinese market remain significantly shorter than last year, which JPMorgan views as a primary concern in tracking current demand.

TradingKey - AI server procurement is expanding from standalone units to full racks, liquid cooling, power, and networking systems. Super Micro Computer (SMCI) focuses on high-performance servers and liquid cooling, featuring fast product introduction and high growth elasticity; Dell Technologies (DELL) also covers storage, PCs, financing, and services, offering a more diversified customer base and revenue streams.

U.S. Treasury yields rose again, weighing on equities and leaving U.S. stocks mixed. AI hardware stocks surged late in the session, with memory and cryptocurrency stocks leading the gains. At the close, the Dow Jones Industrial Average fell 0.18% to 51,682.64; the Nasdaq Composite Index rose 0.39% to 26,522.55; and the S&P 500 Index gained 0.17% to 7,650.50.