ECB’s Schnabel: Current shock cannot simply be looked through

TradingKey - Benefiting from Samsung Electronics' upcoming Q2 earnings release on July 7, the company's shares extended their rally during early trading on July 6 in the Korean market. The stock touched a high of 325,000 KRW, rising over 4% from its previous close of 309,500 KRW, indicating that capital continues to bet on the earnings elasticity driven by demand for AI memory. Previously, Samsung's stock price had plummeted alongside the semiconductor sector amid sharp volatility in Korean tech stocks, but it quickly recovered, stimulated by rising memory prices, AI orders, and news of potential foundry collaborations.

Tesla delivered 480,126 vehicles in Q2 2026, beating estimates by 74,000 and the stock fell 7%. At 204x forward P/E, TSLA trades on AI and FSD, not deliveries. Here’s the full breakdown.

SpaceX joins the Nasdaq-100 on July 7, triggering $4.3B in forced buying from QQQ into a stock with only 3–5% public float. SPCX at $160.96 with 10M Starlink subscribers and $27.8B in AI compute contracts.

Japanese and South Korean stock markets surged at the open. The KOSPI Index jumped 2.71%, with Samsung Electronics surging over 4%, while Kioxia and SK Hynix followed the upward trend. SoftBank fell 2%.

In the second half of the year, if the Federal Reserve initiates actual rate cuts before year-end, and Microsoft improves its internal metrics—such as maintaining Azure's revenue growth rate above 38% and achieving a higher-than-expected corporate conversion rate for Copilot—it will help its stock price break through the upper resistance of its trading range and potentially challenge its historical high of $550. However, if Microsoft’s AI monetization stalls significantly, particularly in the event of a Federal Reserve rate hike, the company may fail to hold its key line of defense and head toward the next critical support level at $200.