Australia Exports (MoM): -7.8% (August) vs previous 3.3%

US markets hit records on AI growth and Nvidia’s China expansion. Key drivers include Cisco’s gains, Cerebras’ IPO, US-China diplomacy, South Korean retail FOMO, and Middle East tensions.

TradingKey - Just two weeks after Samsung Electronics became the first to cross the $1 trillion market capitalization threshold earlier this month, SK Hynix, South Korea’s other memory chip giant, is nearing the same milestone. If this expectation is realized, South Korea will become the first country outside the United States to host two trillion-dollar companies, further underscoring its central position in the global AI supply chain.

TradingKey - On May 12, Eastern Time, Bloomberg reported that AI startup Anthropic is in preliminary discussions with investors to raise at least $30 billion in new capital at a pre-money valuation exceeding $900 billion. If the deal is finalized, it would mark the company's largest funding round to

TradingKey - Cerebras Systems (CBRS) IPO prices May 13–14 at $125–$135/share. $26–$27B valuation, 20x oversubscribed, $510M revenue, 47% net margin, OpenAI 750MW deal. Everything you need to know.

TradingKey - On May 5 (ET), Advanced Micro Devices (AMD) released its first-quarter fiscal 2026 financial results after the market close. The company reported revenue of $10.253 billion, up 38% year-over-year, exceeding market expectations of $9.89 billion. Non-GAAP earnings per share (EPS) were $1.