New Zealand Exports: $8.09B (June) vs previous $8.88B

TradingKey - Impacted by the release of the Kimi K3 model by Chinese AI startup Moonshot AI and a new round of military conflict between the U.S. and Iran, the three major U.S. stock indices reversed earlier gains to close lower. Hyperscalers provided support against the trend, while chip and memory stocks stabilized as the market awaited Google's earnings report due on Wednesday. At the close, the Dow Jones Industrial Average fell 0.59% to 51,839.32; the Nasdaq Composite Index dropped 0.05% to 25,508.07; and the S&P 500 Index declined 0.19% to 7,443.28.

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 - 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.

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

Tesla reports Q2 2026 after close Wednesday July 22. Record 480K deliveries, 13.5 GWh energy storage. Consensus: $26.4B revenue, $0.54 EPS. Options pricing 7.6% move. At $380, here is what the chart says.