Analysis

TradingKey - Microsoft’s new Copilot features and strong Azure growth support the AI case, but more than $50 billion of Q1 capex raises the bar for returns.

TradingKey - As of the close on September 25, Eastern Time, AMD (AMD) shares hit another record high, closing at $630.63 after reaching an intraday high of $639, up 0.22% for the day. AMD previously surged on September 21, surpassing a $1 trillion market capitalization for the first time, with its stock price subsequently remaining above $600.

TradingKey - On Monday, September 28 (Eastern Time), futures on the three major US stock indices fell across the board in pre-market trading. US President Trump rejected a peace proposal from Iran, sending international oil prices surging again and fueling simultaneous concerns over energy inflation and Federal Reserve rate hikes. US Treasury yields broke above 5.2%, putting pressure on tech stocks and other high-valuation assets. Meanwhile, investors are awaiting the release of US PCE inflation and non-farm payrolls data later this week.

TradingKey - On September 25, Eastern Time, Reuters reported, citing three people familiar with the matter, that Solidigm, the U.S. storage subsidiary of SK Hynix (SKHY), is considering a U.S. listing as early as 2027, with a potential valuation of up to around $150 billion and fundraising that could reach $15 billion.

TradingKey - Micron Technology (MU) will release its fourth-quarter fiscal 2026 financial results after the U.S. market close on September 30. As of the close on September 25 Eastern Time, Micron closed at $1,082.28, up 0.16%. Since reaching a low near $926 on September 16, the stock has rebounded by approximately 17%, with market focus now shifting to the upcoming earnings results and guidance for the next fiscal year.

TradingKey - On September 25, Eastern Time, Microsoft (MSFT) unveiled the next-generation Microsoft Copilot and announced three features: Home, Code, and Autopilot. Autopilot can carry out long-duration tasks in the cloud and continue working after users go offline, further expanding Copilot's scope of application in enterprise automation.

TradingKey - Micron Technology (MU) will report its fourth-quarter fiscal 2026 financial results after the U.S. market close on September 30. Against the backdrop of continued AI server expansion, rising DRAM and NAND prices, and rapidly growing demand for HBM, this earnings report is drawing significant market attention.

TradingKey - On September 25, Eastern Time, Akamai Technologies (AKAM) closed up 3.20% at $113.94, touching an intraday high of $128.46.

TradingKey - OpenAI will hold its annual developer conference, DevDay, on September 29 at Fort Mason in San Francisco. OpenAI CEO Sam Altman has recently signaled new product launches multiple times on social media, and the market expects over a dozen enterprise- and consumer-facing product updates to be unveiled during the event.

TradingKey - Macroeconomic Landscape: During the week from September 21, 2026 to September 27, 2026, the U.S. macroeconomic environment was driven by hawkish Federal Reserve monetary policy, volatile Treasury yields, and shifting energy dynamics.

Accenture reports fiscal Q4 earnings on October 1. Can AI partnerships and stronger bookings overcome slow consulting growth and support ACN stock?

Vail Resorts reports fiscal 2026 results Monday after the close. Epic Pass sales, FY2027 guidance and cost savings will decide whether MTN can extend its recovery.

TradingKey - In the coming week (September 28 to October 2, ET), US markets will face the most concentrated macroeconomic data window between late September and early October. Key reports—including the US August PCE Price Index, September Nonfarm Payrolls report, ADP employment, JOLTS job openings, and the ISM Manufacturing Index—will be released in succession, providing fresh evidence for the market to gauge the Federal Reserve's next interest rate path.

TradingKey - In the past, consumers typically had to visit Amazon or brand websites to search for products, compare prices, read reviews, and complete payments. Today, AI agents can first understand user needs, then proactively search for products, compare options, and even complete checkout and follow-up tasks. As a result, e-commerce may see a shift in entry points.

TradingKey - As AI data center investment continues to grow, both AMD (AMD) and Broadcom (AVGO) have emerged as key AI chip plays alongside Nvidia (NVDA), but the two companies have distinct business models. AMD primarily competes in the general-purpose AI computing market through its Instinct GPUs, EPYC server CPUs, and Helios rack systems, while Broadcom focuses on developing custom AI accelerators (ASIC/XPU) for major clients such as Google (GOOGL), OpenAI, and Anthropic, alongside high-speed networking chips. So, which of these two companies is the better long-term investment?

On September 22, Eastern Time, the Nasdaq Composite Index reached a new high, while bank stocks generally came under pressure. Wells Fargo (WFC) fell 3.92%, UBS (UBS) dropped 3.66%, JPMorgan Chase (JPM) declined 3.42%, Bank of America (BAC) fell 3.04%, and Citigroup (C) lost 1.91%.

TradingKey - Micron Technology (MU) will release its fourth-quarter fiscal 2026 financial results after the market close on September 30, Eastern Time, and host an earnings conference call at 16:30 on the same day.

CarMax reports fiscal Q2 earnings on September 29. Retail sales, profit per vehicle, auto finance and cost cuts will determine whether KMX’s turnaround is gaining traction.

Carnival heads toward its September 29 Q3 report with record deposits and strong bookings, but fuel costs and margins remain the key earnings test.

TradingKey - Amid the continued expansion of AI infrastructure investment and tightening NAND flash supply, SanDisk (SNDK) has once again become the focus of the US memory sector.