Hong Kong Stocks Extend Gains; Xiaomi Jumps 8%; Tencent Gains 2%

TradingKey - As of July 30, Eastern Time, Bitcoin (BTC) was trading near $64,500, extending its rebound from the previous two trading sessions. Bitcoin recently bounced back from a periodic low of $57,800 in early July and briefly approached $67,000, but upward momentum subsequently weakened, and it is currently fluctuating within the $63,000 to $65,000 range. Overall, short-term sentiment for Bitcoin has significantly improved compared to late June. However, volatile ETF capital flows, the Federal Reserve's maintained hawkish stance, and cooling corporate demand for purchases suggest that this rally is currently more characteristic of an oversold rebound rather than the start of a new bull market trend.

Microsoft (MSFT) shares rose above the $460 mark following the release of its Q4 FY2026 earnings report, leaving the stock just $1 shy of its previous high of $466.32. The results highlighted that the primary catalyst for the stock's strength is evidence that AI monetization has entered an accelerated track, further reflecting investors' heightened focus on the return on investment (ROI) for AI spending.

TradingKey - On July 31, Eastern Time, AMD (AMD) closed at $476.15, representing a market capitalization of approximately $776.41 billion, down 1.90% for the day. After a previous round of sharp volatility, the share price has seen a cumulative retracement of nearly 18.5% from its all-time high of $584.

The biggest tech earnings week is over. Now comes the hangover test. Palantir reports Monday. AMD reports Tuesday. SanDisk reports Wednesday. NFP drops Friday. Here are the 5 stocks and 3 macro events that define the week of August 3 to 7, 2026.

TradingKey - Situational Awareness, an AI-focused hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, has recently been hit hard by a significant correction in AI stocks. Under the pressure of leverage, the fund was forced to liquidate a large portion of its public market holdings and is currently seeking new financing support. Once regarded by Silicon Valley as one of the most representative AI investors, Aschenbrenner has now become one of the most high-profile victims of the recent plunge in the AI sector.