HK Movers | ZTE Rallies over 10% on Rumors of Launch of AI Smartphone Jointly Developed With ByteDance This Month

TradingKey - Qualcomm stock forecast, QCOM technical analysis, Qualcomm Amazon AI deal, Dragonfly data center, Qualcomm automotive growth

TradingKey - Salesforce (CRM) and ServiceNow (NOW) were rarely viewed as direct competitors in the past. Salesforce has long dominated enterprise sales, marketing, and customer service markets, while ServiceNow excels in IT service management and internal workflows. However, as both companies increasingly push into each other's core businesses, the once-clear boundaries between the two SaaS giants are rapidly disappearing.

Copper prices recently reached an all-time high of $14,533, registering a cumulative gain of 17% over the past year. Underpinning this record rally is a long-standing narrative championed by copper bulls for years: aging major global mines struggle to keep pace with demand growth driven by AI data centers, renewable energy, and power grid construction. The gains over the past year have been supported precisely by this long-term supply-demand mismatch.

A pullback in international oil prices provided risk-appetite support for U.S. stocks, snapping a four-day losing streak, with computer hardware and optical communication stocks leading the gains. At the close, the Dow Jones Industrial Average rose 0.98% to 52,573.29; the Nasdaq Composite Index gained 0.96% to 26,333.04; and the S&P 500 Index advanced 0.86% to 7,656.98.

TradingKey - As AI servers continue to drive up demand for DRAM, particularly High Bandwidth Memory (HBM), Micron Technology (MU) has announced its FY2026 incentive plan for employees in Taiwan. However, the company and the union at its Taoyuan plant failed to reach an agreement in the first round of labor mediation.