Analysis

TradingKey - AMD closed at $477.57 after a 4.69% surge as Data Center growth accelerates. Can $478.30 unlock $499-$518?

According to the latest memory industry research from TrendForce, a significant rise in conventional DRAM contract prices in the second quarter of 2026 drove total DRAM industry revenue up 59.5% quarter-on-quarter to nearly $154.73 billion.

TradingKey - INTC closed at $95.80 after a 4.5% rally as AI-server demand improves. Can a break above $97 unlock $103-$110?

TradingKey - Strong demand for memory from AI data centers is driving up the costs of smartphones and PCs. On September 7 ET, according to a report by The Verge, as demand from AI data centers for high-bandwidth memory (HBM) and server DRAM continues to grow, memory manufacturers are increasingly allocating limited production capacity to AI-related products with higher profit margins and more stable orders.

TradingKey - Oracle (ORCL) is set to release its first-quarter fiscal 2027 earnings report, which could serve as a key juncture for the market to reassess its AI strategy.

TradingKey - MU closed at $1,016.59 after a 6.1% surge as AI-memory demand stays tight. Can $959 support hold and open $1,034-$1,164?

TradingKey - On September 3, Eastern Time, OpenAI launched its next-generation flagship model, GPT-6 Astra. On September 6, Nvidia (NVDA) CEO Jensen Huang posted on X to congratulate the OpenAI team, stating, "It took only four years from ChatGPT to o1 to Astra. AGI has arrived, and 400K GPUs are coming online soon."

TradingKey - SNDK closed at $1,740 after a 11.9% surge as AI-storage demand stays strong. Can $1,720 support hold and open $1,825-$1,941?

TradingKey - Apple's (AAPL) Fall 2026 product launch has finally entered the countdown.

TradingKey - Monday, September 7 (ET) is US Labor Day, and US stock markets will be closed all day. Stock and options markets on the New York Stock Exchange and Nasdaq will both be closed. US stocks will resume normal trading on Tuesday, September 8, with regular trading hours beginning at 9:30 AM ET.

TradingKey - International oil prices continued to rise on Monday, extending the strong performance from the previous week.

TradingKey - Last Friday (September 4), US stocks broadly declined, but the storage sector bucked the trend and strengthened. Western Digital (WDC) rose 5.86% to close at $467.46, after touching an intraday high of $468.19. Storage stocks such as SanDisk (SNDK), Micron (MU), and Seagate (STX) also advanced, signaling relative short-term strength in the storage sector.

Bitcoin fell below the $80,000 mark, while ICP bucked the trend and surged 13% to breach the $3 level, reaching its highest point since June.

TradingKey - As of the European session on September 7, the US dollar traded weaker against the Japanese yen (USDJPY) below 155.50. Although the US August non-farm payrolls data released last week far exceeded expectations, briefly driving a rebound in the dollar, the yen's recent performance has remained strong. Rapidly rising expectations of a September rate hike by the Bank of Japan, coupled with market vigilance over potential foreign exchange intervention by the Japanese government, have caused USDJPY to pull back continuously from near 164 in late July, with its cumulative decline now approaching 5%.

TradingKey - During the Asian trading session on September 7, SK Hynix shares closed up 8.26% at 1.783 million won. Meanwhile, the company's progress in advanced DRAM process transitions has also attracted market attention.

TradingKey - In early September, labor disputes involving global memory chip giant Micron Technology (MU) in Taiwan continued to escalate. The two major unions, the "Micron Wafer Union" and the "Micron Memory Union," are moving forward with strike procedures, with the primary points of contention being performance bonuses and profit-sharing mechanisms.

TradingKey - As of the Asian session on September 7, gold prices (XAUUSD) extended their downward trend following last Friday's release of US non-farm payrolls data, trading lower near $4,390. The US August non-farm payrolls data released last Friday significantly exceeded market expectations, altering the market's previous assessment of a rapid cooling in the US labor market and further raising expectations of a Fed rate hike in September. As a result, the US dollar and US Treasury yields rose, putting gold under renewed pressure from interest rates.

TradingKey - Although the KOSPI Index has pulled back about 27% from its record high in June, and market concerns over the sustainability of AI capital expenditures, high volatility in South Korean stocks, and the semiconductor cycle continue to escalate, Timothy Moe, Chief Asia-Pacific Equity Strategist at Goldman Sachs, has still not lowered his previously issued 12,000-point target.

The KOSPI surged 4.61% to near 7,000 points, while the Nikkei broke above 66,000 points. SoftBank soared over 11%, and Kioxia, Samsung, and SK Hynix jumped 5% to 10%.

TradingKey - U.S. stocks generally weakened last Friday as strong non-farm payroll data heightened Fed rate hike expectations, sending the S&P 500 down 0.4% and the Nasdaq down 0.3%. However, the memory chip sector bucked the trend to become one of the market's strongest areas. The Roundhill Memory ETF surged 6.61%, while SanDisk (SNDK) jumped 11.90% to $1,740, becoming the best-performing stock in the S&P 500 that day. Micron (MU), Western Digital (WDC), and Seagate Technology (STX) all recorded gains of around 6%.