Analysis

On July 24, Eastern Time, Intel (INTC) shares fell more than 5% during intraday trading, dropping below the $100 psychological level following the release of its Q2 2026 financial results. Although Intel's earnings and guidance were significantly better than expected, causing after-hours shares to surge by double digits at one point, the market subsequently shifted its focus to the "significant upward revision of capital expenditures." As a result, the gains narrowed sharply, and the stock later turned negative.

TradingKey - Chinese AI developer Moonshot AI recently officially released its latest large language model, Kimi K3. An increasing number of analysts believe that the enhanced performance and reduced usage costs of the Kimi K3 model could lower the barrier to AI applications, leading to more users, higher frequency of calls, and larger-scale inference demand. The "Jevons Paradox" in economics may be playing out once again in the AI industry.

On July 24 ET, Apple (AAPL) shares once again neared an all-time high of $344.99. Apple is scheduled to report its third-quarter financial results on July 30. Bank of America expects the quarterly performance to exceed Wall Street consensus, forecasting revenue of $109 billion and earnings per share of $1.89. Both metrics are slightly above the consensus estimates of $108 billion and $1.87 per share. Based on these projections, Apple's year-on-year revenue growth would be 16%, approaching the upper end of the company's guidance range of 14%–17%.

Nvidia (NVDA) CEO Jensen Huang made his first post on the social media platform X on Friday, calling for open-source AI models. The post noted that early open-source pioneers broke the traditional notion that software progress relies solely on companies strictly controlling their code, instead establishing a transparent ecosystem that global developers can study, modify, and improve. Today, open-source software supports most of the internet, the core systems of the world's largest technology companies, and even critical missions for the U.S. military and federal agencies.

The escalating conflict between the U.S. and Iran has driven a unilateral rise in oil prices. WTI crude oil futures have returned to $90, while Brent crude oil futures have returned to $100, with both benchmarks reclaiming their early-June highs. Market focus is gradually shifting from the geopolitical event itself toward expectations regarding the duration of the conflict, a variable that is becoming the key factor influencing the direction of oil prices.

Lockheed Martin beat Q2 2026 EPS by 10% at $7.94, raised full-year guidance to $80.75B, and hit a $230B record backlog including a $35B THAAD contract. The stock surged 5%+ to $568. At RSI 77.7, here is what comes next.

Volkswagen reports Q2 2026 earnings today. The stock trades at 5.97x P/E with a 7.21% dividend yield and is down 21% over the past year. The prior quarter missed EPS by 26%. At EUR 72.30 breaking a triangle, here is the setup and what matters today.

Alphabet’s rebound has been weak following a sharp decline, and the stock is expected to remain under pressure, potentially continuing its downward trend toward $270.

TradingKey - As of pre-market trading on July 24, Eastern Time, Tesla (TSLA) shares staged a recovery after yesterday’s sharp decline. On July 23, Tesla shares closed at $319.69, plunging 14.52% from the previous trading day, as its market capitalization saw a significant single-day contraction. The sell-off was primarily driven by second-quarter earnings missing expectations, rising capital expenditures, and cash flow pressure.

TradingKey - U.S. stock index futures rose collectively in pre-market trading on Friday ET, as the market attempted to stabilize following a sharp sell-off in tech stocks during the previous session. Intel's earnings and stronger-than-expected guidance boosted some tech shares, though tensions in the Middle East, international oil prices, and a new round of U.S. tariff policies continued to weigh on market risk appetite.

SpaceX shares were under pressure in pre-market trading as the imminent Starship Flight 13 test flight led investors to adopt a wait-and-see approach to manage uncertainty.

Oracle’s stock rebounded following a $7 billion boost, but upside potential remains highly limited, with $135 acting as a strong resistance level.

TradingKey - On July 23, Eastern Time, the U.S. Department of Defense announced the signing of an enterprise software agreement with Oracle Corporation (ORCL) worth up to nearly $7 billion. The contract has a five-year base term with an option for an additional five-year extension, allowing for a maximum duration of ten years. Following the announcement, Oracle shares rose by more than 3% in pre-market trading on Friday.

TradingKey - Where exactly will artificial intelligence take the world? In the latest interview with The Economist, Elon Musk once again shared a highly controversial prediction. Within the next five years, AI's overall intelligence levels are expected to surpass those of humans, and in another decade, humans may no longer even be the most dominant intelligent species on Earth.

Tesla plunged 14.41% on July 23 after Q2 EPS missed by 39%, auto margins fell to 16% from 19%, and free cash flow turned negative. RSI hit 19.9. But Cybercab is confirmed under $30K before 2027 and the auto backlog is the largest since 2023. Here is the setup at $324.

Alphabet beat Q2 estimates with 82% Cloud growth and 24% revenue gains but the stock has fallen from $374 to $320 in two days. AI capex fears, a new EU fine, and $500B in new spending commitments are the reasons. RSI at 25.6. Here is where $315 matters.

TradingKey - On July 23 ET, Nvidia (NVDA) and semiconductor packaging and testing provider Amkor Technology (AMKR) signed a multi-year packaging services agreement valued at approximately $1.5 billion. Boosted by this news, Amkor's stock price rose more than 12% in after-hours trading on Thursday.

Elevated capital expenditures from Google and Tesla have bolstered a rebound in Micron's stock price, which is expected to return to historical peaks by the second half of 2026.

TradingKey - Driven by the continued escalation of geopolitical tensions in the Middle East, Brent crude (UKOIL) has surpassed the $100 per barrel mark again after two months, as concerns over global oil supply security rapidly intensify. Meanwhile, expanding energy transportation risks, tightening refinery supplies, and renewed tensions between the U.S. and Iran are prompting investors to reassess the future trajectory of oil prices.

TradingKey - Global electric vehicle manufacturer Tesla (TSLA) is experiencing its toughest week since 2026. Impacted by a sharp decline in second-quarter fiscal 2026 operating margins and free cash flow turning negative, the stock has fallen more than 16% this week, marking its largest weekly drop since December 2025.