Analysis

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.

TradingKey - Both Meta (META) and Google parent company Alphabet (GOOGL) are core tech giants in global digital advertising and artificial intelligence. Meta primarily leverages AI to improve content recommendations and ad efficiency across Instagram, Facebook, and Reels, while Google commercializes AI through Search, Gemini, YouTube, and Google Cloud. For long-term investors, which of these two companies is the better investment?

Apple (AAPL) stock hit a record high on September 22, Eastern Time, just 10 days after Apple's fall launch event. However, how far this rally can go depends not on the product event, but on the actual demand for the iPhone 18 Pro series. JPMorgan's latest research report provided the first positive signal: the global average delivery wait time for the iPhone 18 Pro extended from 7 days in the first week to 23 days in the second week, with order momentum surpassing that of the iPhone 17 series over the same period last year.

TradingKey - Rapidly growing demand from AI servers for high-bandwidth memory (HBM) and data center storage has made both SK Hynix (SKHY) and Micron (MU) direct beneficiaries.

Fitch has assigned Tesla a BBB investment-grade rating as its 2026 capital spending plan exceeds $25 billion. Can TSLA turn that investment into growth?

Apple briefly topped a $5 trillion valuation as the iPhone 18 Pro reached stores. Can October’s iPhone Duo launch sustain AAPL’s growth?

Hit by the side effects of its DTC strategy, sluggish innovation, and competition from emerging brands, Nike's stock price has pulled back 80% from its 2021 high to around $35, hitting a near 12-year low. Although short-term performance and technicals remain under pressure, its brand moat remains intact and its valuation is low, allowing long-term investors to consider building positions in tranches.

Alphabet’s TPU business is scaling across Cloud and dedicated systems as GOOGL tests trendline support near $338.

Qualcomm’s Snapdragon Summit, Googlebook launch and Amazon data-center collaboration strengthen the AI story as QCOM tests a breakout above $200.

TradingKey - Rothschild & Co Redburn raised Microsoft's (MSFT) price target from $400 to $440 following an update to its valuation model, while maintaining a "Neutral" rating.

TradingKey - As high mortgage rates continue to weigh on the U.S. housing market and put pressure on homebuilder earnings, Berkshire Hathaway (BRK.A), long built by Warren Buffett, has further expanded its investment in the U.S. residential construction sector.

On September 16, Broadcom (AVGO) hit a recent intraday low of $335.80, pulling back 32% from its all-time high of $494.20 and almost entirely erasing its year-to-date gains. Yet just a few months ago, Broadcom was hailed by the market as the most certain winner in AI computing power; now, it has become a poster child for unfulfilled expectations. The root of this shift traces back to its Q2 FY2026 financial report released on June 3. While AI semiconductor revenue reached $10.8 billion—up 143% year-over-year—and Q3 guidance projected over 200% year-over-year growth, management merely reiterated its target of "exceeding $100 billion in AI chip revenue by FY2027" as unchanged, declining to raise it. Market expectations, already priced at a P/E ratio of around 90x, lost the fuel to expand further, sending the stock price into a continuous decline. As the share price dropped, its valuation also underwent a reset. Could this now mark a turning point for the stock?

TradingKey - Both Marvell Technology (MRVL) and Broadcom (AVGO) provide custom AI chips, switching chips, and high-speed interconnect products to cloud service providers, but the two companies differ significantly in business scale and revenue structure.

The top leaders of China and the U.S. met in the United States, alongside reports that U.S.-Iran negotiations were seeking to reopen the Strait of Hormuz. U.S. stocks recovered part of their losses, with technology stocks leading the gains. At the close, the Dow Jones Industrial Average fell 0.31% to 51,349.98; the Nasdaq Composite Index rose 0.01% to 26,939.37; and the S&P 500 Index dipped 0.02% to 7,704.13.

On September 24, Eastern Time, Meta Platforms (META) reached an intraday price of $777.89, hitting a nearly one-year high. Following the Meta Connect event, JPMorgan raised its price target on the company from $820 to $920 while maintaining an Overweight rating. The core reason is that the monetization path for Muse is becoming increasingly clear, leaving the bank more optimistic about Meta's growth potential beyond advertising.

U.S. stock indexes surged in the short term while crude oil prices fell, reflecting market expectations of a de-escalation in tensions. According to Reuters, negotiators from the U.S. and Iran are in New York exploring a phased path to end the war, with key proposals including Iran reopening the Strait of Hormuz and the U.S. lifting its economic blockade against Iran. New diplomatic developments in the conflict, which has lasted nearly seven months, have provided the market with expectations of easing tensions.

Costco reports fiscal Q4 results Thursday after already disclosing $93.9B in net sales, putting membership growth, margins and EPS in focus.

On September 24, Oracle (ORCL) fell as much as 5% in pre-market trading and dropped over 7% after the market opened. Sparking market concerns was a force majeure notice issued by the company regarding Project Jupiter, a large-scale data center in New Mexico. Investors' focus is shifting from massive AI orders to delivery timelines and capital recovery. According to Bloomberg, Oracle has sent a formal notice to developer Stack Infrastructure, seeking to delay payments if the project fails to become operational as planned in 2028. This move does not imply exiting its position as the primary tenant, nor does it mean a payment waiver has been granted. Oracle maintained that the project is proceeding according to schedule, but did not specifically address the notice itself.

On September 24, Eastern Time, shares of Micron (MU) pulled back for two consecutive days after hitting a recent high of $1,100. Reportedly, the U.S. International Trade Commission (USITC) voted to launch an investigation into dynamic random-access memory (DRAM) products involving Micron Technology, as well as several server manufacturers that use such chips in their products.

TD SYNNEX reports fiscal Q3 results Thursday as investors test whether Hyve’s AI infrastructure growth can sustain margins and improve cash conversion.