Analysis

Military conflicts between the US and Iran escalated again, with reports indicating Donald Trump may approve the resumption of strike operations against Iran. Meanwhile, global oil prices and US Treasury yields both surged, exacerbating pessimism in the stock market. Major US stock indexes fell, led by losses in cloud providers, while memory stocks rallied late in the session. At the close, the Dow Jones Industrial Average fell 0.70% to 53,185.90; the Nasdaq Composite Index slipped 0.12% to 26,370.89; and the S&P 500 Index declined 0.33% to 7,686.14.

On August 31, Eastern Time, Amazon (AMZN) shares fell over 3%, dropping below the $260 level. According to a report by The Wall Street Journal, the U.S. Federal Trade Commission (FTC) is set to file a lawsuit against Amazon over advertising pricing, alleging that the company manipulated merchant ad bids and secretly inflated advertising costs over the past seven years.

Nvidia (NVDA) and MediaTek jointly announced on Monday that Nvidia will invest $3.5 billion to subscribe to convertible bonds issued by MediaTek. This marks Nvidia's largest direct investment outside the United States to date. As the conversion price, maturity, and potential shareholding ratio have not been disclosed, the transaction should be understood as an investment in convertible bonds rather than Nvidia already holding direct equity in MediaTek.

TradingKey - MSFT closed near $513.53 after breaking resistance as Azure grew 43% and Copilot topped 30M paid seats. Can $523.08 be the next target?

On August 31, Eastern Time, Tesla (TSLA) shares rose over 4%, reclaiming the $360 mark. Recently, the Trump administration stepped in to regulate the power supply chain, citing national security concerns. Last Wednesday, Tesla officially signed an emergency executive order prohibiting the U.S. power grid from procuring and installing foreign-made transformers, core power equipment, and supporting software that pose security risks, while reserving policy space for subsequent restrictions on existing installed equipment and authorizing the Department of Energy to gradually advance implementation based on actual conditions.

TradingKey - BABA closed at $118.90 as Alibaba Cloud grew 45% and a $10.2B share sale funds AI expansion. Can $121.17 unlock the next recovery leg?

TradingKey - On September 1, Eastern Time, Apple (AAPL) will undergo its first CEO transition in nearly 15 years. Tim Cook will transition to Executive Chairman of the Board, while John Ternus, Senior Vice President of Hardware Engineering, will officially assume the role of CEO.

TradingKey - On August 31, US energy stocks rose broadly in pre-market trading. As the US-Iran conflict escalated again, mounting market concerns over potential shipping disruptions in the Strait of Hormuz drove international oil prices noticeably higher, boosting the energy sector. Chevron (CVX) rose 2.42%, while Halliburton (HAL) gained about 2.46% in pre-market trading.

TradingKey - NFLX closed at $81.72 as ad momentum improves, but Q3 growth slows. Can a break above $82.53 drive Netflix toward $85.58?

TradingKey - In pre-market trading on August 31 ET, US stock index futures traded lower. As of press time, Nasdaq futures were down 0.21%, while S&P 500 futures and Dow futures fell by approximately 0.26% and 0.23%, respectively.

TradingKey - Futures on the three major US stock indices fell in pre-market trading on Monday (August 31) Eastern Time. Investors weighed hawkish remarks by Federal Reserve Chair Kevin Warsh at the Jackson Hole Economic Symposium, while a re-escalation of the US-Iran conflict drove international oil prices sharply higher, complicating the outlook for inflation and interest rates and keeping overall market sentiment cautious.

TradingKey - AMZN trades near $266.43 after breaking a descending trendline as AWS growth hits 37%. Can Amazon extend the move toward $272.91 and $279.84?

TradingKey - Dell Technologies (DELL) is expected to report its second-quarter fiscal 2027 results after the market close on September 1, US Eastern Time. Following Nvidia (NVDA), this is another major earnings report this quarter influencing sentiment in the AI infrastructure sector. Wall Street currently expects revenue of approximately $44.51 billion and non-GAAP EPS of around $4.91 to $4.92, with both metrics near the upper end of the company's guidance.

TradingKey - Market focus is turning to another industry giant, Palo Alto Networks (PANW), as the company will release its fourth-quarter fiscal 2026 financial results after the US market close on September 1, Eastern Time.

TradingKey - On August 31 (Asia-Pacific time), South Korea's *Seoul Economic Daily* reported that Samsung Electronics is developing 8-layer HBM4E at the request of Nvidia (NVDA), targeting speeds of 17 to 18 Gbps/pin. This represents an increase of approximately 20% over the 14.4 Gbps speed of Samsung's initial HBM4E samples, and the product will be used for NVHBM. As of press time, Samsung has not officially commented on the report.

Japanese and South Korean stock markets rebounded sharply following a shakeout. South Korea's KOSPI bucked the trend to reclaim 6,800 points, while the Nikkei erased steep losses to recover lost ground. Kioxia surged over 4%, and both Samsung Electronics and SK Hynix gained more than 1%.

TradingKey - On August 30, Eastern Time, according to a report by The Wall Street Journal citing SB Energy's draft IPO documents, OpenAI was granted warrants by SB Energy. As of the end of June 2026, these warrants are valued at approximately $5.5 billion.

Nvidia possesses the long-term fundamental momentum to reach new highs, as evidenced by its CUDA software ecosystem, NVLink networking technology, and high profitability with gross margins remaining above 70%. However, in the near-to-medium term, it faces pressures from high valuation corrections and macroeconomic interest rate volatility.

TradingKey - According to the latest reports from South Korean media, SK Hynix (SKHY) is considering collaborating with Intel's (INTC) foundry business to outsource part of the production of its next-generation HBM4E base dies to Intel to expand its supply sources. The proposal remains under evaluat

TradingKey - On August 28, Eastern Time, the three major U.S. stock indexes all closed lower. Hawkish signals from Federal Reserve Chair Warsh's speech at the Jackson Hole symposium significantly boosted market bets on a September rate hike, pushing U.S. Treasury yields higher and swiftly cooling th