Analysis

On July 29 (ET), Tesla (TSLA) fell below the $300 mark, hitting a near one-year low. Reportedly, during an earnings call, Tesla executives stated that the production line for the Optimus humanoid robot in Fremont will start at the end of 2026, with a long-term planned annual capacity of 1 million units, while the second line in Texas has a long-term total annual capacity target of 10 million units. However, Ross Gerber, CEO of investment firm Gerber Kawasaki, warned that it may take a long time for Elon Musk to achieve commercial success with the Tesla Optimus robot, as it is not only difficult to manufacture but also unlikely to generate revenue in the short term.

IBM bounced 5.6% Monday from its $201.60 post-earnings low and is approaching the $233 50 EMA resistance. Q2 confirmed software +5%, mainframe -42%, and guidance of 4-5% growth. The securities investigation remains active. RSI at 65 approaching overbought.

On July 29, Eastern Time, driven by the continuous escalation of geopolitical conflicts in the Middle East and significantly heightened risks to the global energy supply chain, international crude oil prices reversed their recent downward trend and rose once again. As events such as the Yemeni Houthi rebels' attack on Saudi tankers and joint US-Saudi strikes against pro-Iranian militias in Iraq continued to unfold, the Strait of Hormuz and the Red Sea—two critical shipping routes—faced simultaneous pressure. Rapidly mounting market concerns regarding crude oil supply disruptions led to a renewed strengthening of oil prices. As of press time, Brent crude (UKOIL) rose 6.64%, reclaiming the $90 threshold, while WTI crude (USOIL) rose 6.61% to $84.5.

Qualcomm reports Q3 FY2026 tonight after close. Consensus: EPS $2.22, revenue $9.71B (-6.6% YoY). Polymarket gives 90.5% beat probability. Automotive hit a record $1.3B last quarter. Four consecutive beats. At $164, here is what tonight must show.

Microsoft is under investigation by the UK’s Competition and Markets Authority (CMA) over allegations of product bundling and price increases related to automatic renewals.

TradingKey - A recent research report from J.P. Morgan indicates that the large-scale deleveraging in the South Korean market, triggered by leveraged ETFs, is nearing its end. As passive selling pressure gradually subsides, the South Korean stock market is poised for a phased recovery, with the technology and semiconductor sectors likely to be the primary beneficiaries of the rebound.

NVIDIA fell to $195 Tuesday, down 5.5%, extending the selloff from $206. Barron's says NVDA is the cheapest it has been since 2015. BofA calls it a unique durable growth franchise. A Taiwan chip smuggling investigation was opened. At $195, here is what to watch.

Meta’s stock price rebounded slightly ahead of its earnings release, but a further upward revision in capital expenditures could cause the stock to extend its decline.

U.S. stock index futures were mixed in pre-market trading on Wednesday ET. Market focus is centered on the Federal Reserve's July interest rate decision and after-hours earnings from Microsoft and Meta. Meanwhile, escalating tensions in the Middle East have pushed oil prices higher, and a slight uptick in Treasury yields has kept risk appetite cautious.

Microsoft reports Q4 FY2026 today after close. Consensus: $87.67B revenue, $4.24 EPS. Azure guided 39-40%. FY2027 capex just disclosed at $255-260B - well above the $190B for 2026. At $397, here is what tonight must answer.

TradingKey - As of July 29 ET, Micron Technology (MU) shares have seen a cumulative correction of over 30% from the all-time high reached in late June. Although the company previously announced record-breaking fiscal 2026 third-quarter results and fourth-quarter guidance, the market opted for profit-taking rather than continuing to chase the rally. With AI memory demand remaining robust, why does Micron's stock price continue to pull back? Can it still rise in the future?

TradingKey - During the Asian session on July 29, following two consecutive days of circuit breakers in the South Korean stock market, Finance Minister Koo Yun-cheol apologized for single-stock leveraged ETFs during a parliamentary inquiry, admitting that the products were introduced to the market without prudent consideration.

Micron's CEO cashed out by selling shares at elevated prices, but his share reduction plan has yet to conclude.

TradingKey - Microsoft (MSFT) will release its fiscal fourth-quarter earnings after the bell on Wednesday, July 29, Eastern Time. Just a day before the report, Gene Munster of Deepwater Asset Management posted on X that Microsoft's earnings figures are "irrelevant," asserting that the real issue is that the "battle with the bots has just begun."

TradingKey - On July 29, Japanese and South Korean stock markets extended their decline, with the South Korean market once again becoming the hardest-hit area in Asian equities. Samsung Electronics fell over 5%, SK Hynix dropped nearly 10%, Kioxia plummeted nearly 14%, and SoftBank fell nearly 7%.

TradingKey - After the market close on July 28, ET, global hard drive leader Seagate Technology (STX) announced its fiscal fourth-quarter 2026 results. Not only did revenue and earnings for the quarter exceed Wall Street expectations across the board, but the performance guidance for the next fiscal quarter was also significantly higher than market forecasts. Seagate shares fell 8.5% in regular trading prior to the earnings release but rebounded by more than 10% in after-hours trading.

With the FOMC interest rate decision imminent, the U.S. SEC Chair’s support for the CLARITY Act will have a very limited impact on the cryptocurrency market.

TradingKey - On July 29, it was reported that Meta (META) CEO Mark Zuckerberg stated that the U.S. maintains a leading position in artificial intelligence and should not rely on restricting or banning Chinese AI models. Instead, it should consolidate its competitive advantage through continuous innovation and the enhancement of its own technological capabilities. These remarks have once again drawn market attention to the global AI competition landscape and U.S.-China tech competition.

TradingKey - During the Asian trading session on July 29, the Nikkei 225 Index continued to weaken following the open, as the semiconductor sector extended the previous day's panic selling momentum. As of writing, Kioxia Holdings fell nearly 8%, SoftBank Group dropped over 6%, and Tokyo Electron declined nearly 5%.

TradingKey - SK Hynix reported its second-quarter 2026 results. Driven by the sustained growth in AI server demand, the company's revenue increased by 257% year-on-year, and operating profit surged by 557% year-on-year. However, SK Hynix's share price at one point fell by more than 11%.