Analysis

TradingKey - On July 20 (ET), chip giant AMD (AMD) is preparing to deliver its first rack-scale AI system, Helios, to customers. According to CNBC, this represents the first true competitor in years to Nvidia’s (NVDA) Blackwell and Vera Rubin systems. Meanwhile, Microsoft announced it will deploy the Helios system in its data centers. AMD will begin shipping to customers, including Microsoft, later this year; specific financial terms and computing scales were not disclosed.

TradingKey - AMD has 12 gigawatts of committed demand from Meta and OpenAI. On Tuesday, the Advancing AI event reveals MI450 and Helios. At $508, here is what this week’s event means and why August 4 is the financial test.

TradingKey - According to a report from The Information citing two people familiar with the matter, Google (GOOGL) is developing a new server chip capable of directly embedding the underlying architecture of the Gemini large model into the chip hardware to significantly enhance the operational efficiency of AI services for users. Internally codenamed "Frozen v2," this AI inference chip directly addresses Google's current severe shortage of AI computing power. Sources revealed that the computing capacity gap has triggered internal resource conflicts and even forced Google Cloud to reject numerous orders from external customers. The research and development team estimates that once the chip is officially deployed, the number of tokens processed per unit of power consumption will be 6 to 10 times that of the latest generation of Google's existing self-developed AI chips.

TradingKey - IBM fell 25% on July 14 — its worst day since 1968 — after a $17.2B Q2 warning. Now a securities fraud investigation has opened. The full report lands Wednesday July 22 at 5 PM ET. At $212, here is what the call must answer.

TradingKey - AI cloud infrastructure provider IREN Limited (IREN) announced that it has signed long-term cloud service contracts totaling $2.8 billion with several AI developers and raised its year-end 2026 annualized recurring revenue (ARR) target for its AI Cloud business from $3.7 billion to over $4 billion. Boosted by the positive news, the company's stock price rose more than 9% during intraday trading on Monday, as the market once again focused on this AI computing service provider that successfully transitioned from a Bitcoin miner.

TradingKey - On July 19, Eastern Time, Alibaba announced on the social media platform X the launch of its flagship large model Qwen3.8 Max (preview version). With a parameter scale of 2.4 trillion, the company stated that its comprehensive capabilities rank "second only to Anthropic's Claude Fable 5" globally.

TradingKey - Recently, the AI industry chain has undergone a significant correction, with the semiconductor sector facing notable pressure. However, JPMorgan does not believe this adjustment signals the end of the AI rally. The firm’s strategy team views the current market movement as capital reallocation and valuation digestion rather than a deterioration of industry fundamentals. As earnings expectations continue to improve and market positioning scales back, chip stocks may be building momentum for the next rally.

TradingKey - GM reports Q2 2026 tomorrow at 6:30 AM ET. Consensus: $3.13 EPS, $45.96B revenue. GM has beaten estimates in four consecutive quarters with a 20.25% average surprise. At $76, here is what matters and where the chart stands.

TradingKey - On July 20 ET, during the U.S. pre-market session, futures for the three major stock indices rose collectively. As of press time, Nasdaq 100 index futures gained 1.00%, S&P 500 index futures rose 0.49%, and Dow Jones index futures were up 0.34%.

TradingKey - Alphabet (GOOGL) (GOOG) will release its second-quarter 2026 financial results after the U.S. market close on July 22. As one of the world's most valuable technology companies by market capitalization, Alphabet’s business spans multiple sectors including search advertising, YouTube, Google Cloud, generative AI, and autonomous driving. Its earnings performance not only impacts its own stock price but is also regarded as a crucial bellwether for the global AI investment cycle.

TradingKey - According to a report by South Korean media outlet ZDNET Korea on July 20 (ET), the world’s three major memory chip giants—Samsung Electronics, SK Hynix (SKHY), and Micron (MU)—have all recently halted their in-house development projects for CXL (Compute Express Link) controllers. All three companies have pivoted toward sourcing solutions from external fabless chip design firms.

The U.S.-Iran conflict triggered a brief pullback in ETH, but the bullish technical structure remains intact, with the potential for continued gains to outperform Bitcoin.

TradingKey - As of July 17 ET, SpaceX (SPCX) shares dropped 5.43% for the day to $123.99, falling below its $135 IPO price. Compared to its strong performance shortly after listing, when it surged above $200, the current share price is under sustained pressure. To the market, SpaceX remains a highly unique leader in space technology; however, high initial valuations, uncertainty surrounding Starship testing, and a re-evaluation of the commercialization pace by investors have pushed the stock into a short-term de-bubbling phase.

TradingKey - On July 20, Eastern Time, Samsung Electronics is experiencing a rare business divergence, with chip business profits soaring while the consumer electronics division has fallen into losses.

TradingKey - Tesla (TSLA) will release its second-quarter earnings report after the U.S. market close on July 22, Eastern Time. As one of the most closely watched tech and automotive companies this year, this report will not only test the recovery of Tesla's automotive business but also serve as a critical window for investors to reassess its AI, autonomous driving, and robotics strategies.

SpaceX will conduct the Flight 13 return-to-flight mission as early as this Thursday. Will SpaceX's stock price see a sharp rebound or drop toward the $100 mark?

The KOSPI Index plummeted more than 4%, while Samsung Electronics and SK Hynix both fell over 3%, once again breaking below key levels.

TradingKey - On July 18, Eastern Time, Elon Musk, CEO of SpaceX (SPCX) and Tesla (TSLA), revealed on the social media platform X that the training of Grok 4.6, the next-generation large model developed by his AI company xAI, has entered its final stages, with initial training expected to be completed next week.

TradingKey - As of the Asian session on July 20, Brent crude (UKOIL) opened higher and trended upward, attempting to breach the $90 mark intraday and reaching a high of $91.42. WTI crude (USOIL) similarly opened higher and moved upward, briefly touching the $84 level. This indicates a strengthening of international oil prices driven by the escalation of tensions between the U.S. and Iran over the weekend.

South Korean stocks plunged again, with the KOSPI index diving more than 4% and triggering temporary trading halt mechanisms.