Analysis

TradingKey - Adobe beat Q3 estimates and raised guidance, but shares slipped as investors questioned AI monetization. Can $244 support trigger a rebound?

TradingKey - After market close on September 10, Eastern Time, auto auction company Copart (CPRT) announced that it has entered into a definitive merger agreement with digital automotive marketplace ACV Auctions (ACVA), under which Copart will acquire ACV for approximately $1.9 billion in cash. Following the announcement, ACV surged over 44% and Copart rose more than 7% in pre-market trading on September 11.

TradingKey - On Friday (September 11) Eastern Time, the three major U.S. stock index futures rose across the board in pre-market trading as investors awaited tonight's release of the U.S. August Consumer Price Index (CPI), a crucial reference for the market to gauge the Federal Reserve's future interest rate path. Meanwhile, international oil prices fell noticeably amid signs of easing tensions in the Middle East.

TradingKey - Oracle beat Q1 estimates as OCI revenue surged 121% and backlog hit $664B. Can the post-earnings move hold above $157 and retest $165-$171?

TradingKey - As AI servers continue to drive up demand for DRAM, particularly High Bandwidth Memory (HBM), Micron Technology (MU) has announced its FY2026 incentive plan for employees in Taiwan. However, the company and the union at its Taoyuan plant failed to reach an agreement in the first round of labor mediation.

TradingKey - In U.S. pre-market trading on Friday, Oracle (ORCL) shares rose over 7% at one point after the company reported first-quarter revenue, adjusted earnings per share, and backlog that all exceeded market expectations. Meanwhile, the company modestly raised its full-year earnings guidance, as demand for AI infrastructure continued to drive rapid expansion in its cloud business.

TradingKey - SpaceX (SPCX) stock recently entered a short-term period of high-level consolidation after breaking above $150. However, as the shares confirmed a breakout above $150 this Wednesday, further upside potential has been unlocked, paving the way to test the resistance level at $172.

TradingKey - Shares of Micron Technology (MU) have weakened again after breaking above $1,000, as the optimism brought by the memory chip sector's previous strong rally is now being tested by multiple risk factors.

TradingKey - As demand for high bandwidth and high-capacity memory in AI servers continues to grow, a chip startup backed by institutions including Intel (INTC) Capital, AMD (AMD) Ventures, and GlobalFoundries is working to develop new AI memory solutions beyond HBM.

Higher-than-expected U.S. PPI data sparked fears of interest rate hikes, driving the KOSPI and Nikkei 225 down by about 2%. Kioxia plummeted nearly 7%, while Samsung Electronics and SK Hynix both followed the decline.

TradingKey - Nvidia (NVDA) co-founder and CEO Jensen Huang stated that as artificial intelligence technology continues to evolve, cybersecurity is poised to become the next major application market for AI.

TradingKey - After the market close on September 10 Eastern Time, Oracle (ORCL) released its Q1 fiscal 2027 financial report, with the latest results significantly exceeding market expectations as its AI cloud business continued to expand rapidly. Oracle's stock fell 5.38% to $152.94 during regular trading that day, but market sentiment quickly reversed following the earnings release, sending shares up over 4% in after-hours trading to near $159.

Micron's Taiwan employees are receiving a major benefits package, offering salary incentives of up to 68 months' pay and a minimum cash compensation of NT$1.7 million (approximately US$53,000).

Japanese and South Korean stock markets plunged at the open, with the KOSPI tumbling 3.3% to fall below 6,900 points, while chip stocks plunged across the board.

TradingKey - AMD closed near $521.10 after breaking triangle resistance as AI demand expectations rise. Can $524.08 unlock $547.70-$571.87?

TradingKey - IBM closed at $239.94 after a 3.38% rally as AI partnerships and Red Hat growth support sentiment. Can $241.57 unlock $254.87-$268.77?

TradingKey - In U.S. pre-market trading on Thursday, Oracle (ORCL) shares fell nearly 2%, extending their weak performance from the previous session after snapping a four-day winning streak to close lower on Wednesday. Although Wall Street is generally bullish on cloud growth driven by AI demand, investors remain cautious ahead of the upcoming earnings report.

TradingKey - AAPL closed at $315.34 after Apple unveiled its first foldable iPhone. Can $308 support hold and reopen $318.64-$328.79?

TradingKey - META closed near $653.69 after a 6.55% surge as Muse broadens Meta’s AI monetization story. Can $659 unlock $670-$684?

TradingKey - On Thursday (September 10) Eastern Time, futures on the three major U.S. stock indices were mixed in pre-market trading. Brent crude rose above $102, with rising energy prices reigniting inflation concerns. Meanwhile, investors are awaiting U.S. August PPI and initial jobless claims data to gauge the Federal Reserve's future interest rate policy, keeping the broader U.S. stock market cautious.