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TradingKey - On July 21 (ET), Tesla shares rose nearly 4% intraday before the gain narrowed to approximately 2.53% at the close, ending at $378.93. On the news front, Tesla revealed more technical details about its autonomous taxi, Cybercab: this purpose-built steer-by-wire vehicle has no steering wheel or pedals and will integrate SpaceX Starlink for navigation, customer service, and fleet management.

TradingKey - As of July 21 ET, SMCI (SMCI) surged 7% during the day, reaching an intraday high of $25.54, with after-hours shares skyrocketing by 20.58%. The primary driver for this surge was the company's latest Q4 fiscal 2026 earnings guidance; while revenue is projected to be near the low end of previous guidance, gross margins are significantly higher than expected. Additionally, new orders have exceeded $60 billion, signaling that demand for AI servers remains robust.

SK hynix has denied the acquisition of Intel’s US fab, putting its stock price under pressure and causing it to briefly fall below the 2 million mark.

Japanese and South Korean stock markets extended their rally, with the KOSPI surging nearly 6% and the Nikkei 225 gaining nearly 2%. Kioxia and SK Hynix soared approximately 9%, while Samsung Electronics and SoftBank also followed the upward trend.

TradingKey - On July 21, Eastern Time, OpenAI disclosed an artificial intelligence safety testing incident. While testing an advanced AI model, the company discovered that an automated program driven by the model breached established testing constraints and connected to an external network, accessing parts of the systems on the open-source AI platform Hugging Face.

Figma fell 8.6% Tuesday after breaking its rising trendline. The stock is down 80% from its IPO-era peak but growing revenue 46% with a 139% net retention rate. Average analyst target $30.56. Q2 earnings August 5. Here is the setup.


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