Analysis

SpaceXAI (the AI division under SPXC, formerly xAI) launched Grok 4.7 on September 21, positioning it as its most capable model generation for coding and knowledge work to date. Pricing remains unchanged from Grok 4.6 at $2 per million input tokens and $6 per million output tokens. On CursorBench 4.0, which specifically evaluates long-duration coding tasks, Grok 4.7 achieved 46.3%, 5.9 percentage points higher than Grok 4.6. The company stated that on this benchmark, the model leads the frontier of cost-performance within its price tier.

Meta Platforms (META) will hold its annual product event, Meta Connect 2026, from September 23 to 24 local time. As the company expands the focus of Connect from VR to AI, AR, smart glasses, and the metaverse, the market expects this year's conference to highlight hardware iterations and advancements in its AI strategy.

On September 21, according to US tech media outlet The Information, OpenAI and Anthropic are close to reaching a legally binding agreement under which the two leading AI companies will "stress-test" each other's commercial models to proactively identify safety vulnerabilities.

TradingKey - Robinhood rebounds to $119.82 as tokenized-stock regulation, prediction-market growth and rising customer assets put $125.22 resistance in focus.

On September 21, Eastern Time, AMD (AMD) shares surged 9%, topping $600 for the first time to reach an all-time high, with its total market capitalization climbing to nearly $1 trillion. Year-to-date, AMD's stock price has gained over 180%. Behind this rally is the market's repricing of the CPU, an "old chip." Over the past two years, the spotlight on AI computing power has been focused almost entirely on GPUs; however, as AI evolves from "answering questions" to "autonomously executing tasks," the importance of CPUs is quietly making a comeback.

TradingKey - Dell enters the S&P 100 with a $95 billion AI-server backlog as investors watch $559.12 channel support and a potential rebound toward $589.54.

TradingKey - On September 21, Eastern Time, Google officially opened pre-orders for its first batch of Googlebook laptops. Qualcomm confirmed that its Snapdragon X Elite platform will be featured in the initial launch models from Dell and HP.

TradingKey - SanDisk enters the S&P 100 after an 11% surge as AI data-center demand, NAND pricing power and $1,805 resistance shape the next SNDK move.

TradingKey - On September 21, US-listed stocks tied to Greenland resources surged in pre-market trading. Greenland Energy (GLND) soared over 220% at one point, Greenland Mines (GRML) rose by nearly 130% at its peak, and Critical Metals (CRML) surged more than 37%. Market attention is refocusing on Greenland's resource development potential, with the sharp rally in related stocks linked to a recent security agreement reached among the United States, Denmark, and Greenland.

TradingKey - Singapore-based AI cloud service provider Aolani announced a strategic computing partnership with Nvidia (NVDA), expecting to deploy 22,000 Blackwell Ultra GPUs across two AI factories in Malaysia and the Philippines by early 2027.

TradingKey - On Monday, September 21, Eastern Time, futures on the three major US stock indices all rose in pre-market trading as high-level US-China talks sent positive signals. Meanwhile, Brent crude fell for the fourth consecutive trading session, temporarily easing market concerns over energy prices driving inflation.

TradingKey - NKE closed at $35.51 near fresh 52-week lows as China and Direct remain weak. Can $35.15 support hold before Oct. 1 earnings?

TradingKey - In US pre-market trading on September 21, Warner Bros. Discovery (WBD) rose by as much as 7.2%. According to a Wall Street Journal report citing people familiar with the matter, Paramount Skydance (PSKY) is in talks with the California Attorney General and representatives from other states to reach a settlement to resolve antitrust litigation blocking the merger deal.

TradingKey - On September 21, Novo Nordisk (NVO) shares fell more than 7% in US pre-market trading at one point. The company's latest financial results showed that while its full-year sales and profit guidance improved from previous forecasts, sales performance of its core weight-loss drug Wegovy still fell short of market expectations, becoming the primary factor weighing on the stock.

TradingKey - Costco (COST) will report its fourth-quarter fiscal 2026 financial results after the U.S. market close on September 24. FactSet expects the company to report quarterly revenue of $94.86 billion and earnings per share of $6.53. Beyond earnings performance, membership counts, renewal rates, and whether management signals a special dividend will also be key factors influencing the stock price.

TradingKey - As of September 17 Eastern Time, the average US 30-year fixed mortgage rate rose to 6.95%, up 19 basis points from the previous week and just 5 basis points shy of 7%, compared with 6.26% in the same period last year.

TradingKey - On the day following the Federal Reserve's rate hike, U.S. tech and semiconductor sectors rebounded significantly. A pullback in oil prices and U.S. Treasury yields eased the pressure of energy inflation and high interest rates on tech stock valuations.

Japanese markets were closed, while South Korea's KOSPI Index reclaimed the 7,000 mark, with Samsung Electronics surging nearly 5%.

TradingKey - According to Bloomberg, SoftBank Group launched a new round of large-scale bond financing on Monday, planning to issue senior unsecured bonds totaling over $11 billion to raise funds for its continued investment in OpenAI. According to the financing terms, the offering includes $10 billion in U.S. dollar-denominated bonds and €1 billion in euro-denominated bonds, with the majority of the proceeds to be used to fund the third $10 billion tranche of SoftBank's follow-on investment in OpenAI, a transaction expected to close on October 1.

TradingKey - On September 18, Eastern Time, US stocks concluded a volatile week with the three major indices closing mixed. A continued rebound in tech and semiconductor stocks pushed the S&P 500 and Nasdaq slightly higher. However, the 10-year US Treasury yield climbing back toward 5%, coupled with