Analysis

TradingKey - AI server procurement is expanding from standalone units to full racks, liquid cooling, power, and networking systems. Super Micro Computer (SMCI) focuses on high-performance servers and liquid cooling, featuring fast product introduction and high growth elasticity; Dell Technologies (DELL) also covers storage, PCs, financing, and services, offering a more diversified customer base and revenue streams.

U.S. Treasury yields rose again, weighing on equities and leaving U.S. stocks mixed. AI hardware stocks surged late in the session, with memory and cryptocurrency stocks leading the gains. At the close, the Dow Jones Industrial Average fell 0.18% to 51,682.64; the Nasdaq Composite Index rose 0.39% to 26,522.55; and the S&P 500 Index gained 0.17% to 7,650.50.

On September 18, Eastern Time, Micron (MU) shares reclaimed the $1,000 mark after one week. RBC Capital noted that Micron's current valuation barely reflects its exposure to the wave of AI-driven memory demand, leaving "significant" room for valuation multiple expansion.

TradingKey - According to multiple media reports, Anthropic is advancing preparations for a 2026 IPO.

TradingKey - AMZN closed at $251.19 as AWS growth remains strong and $244.58 support holds. Can $257.67 unlock $267.29 next week?

On September 18, US Eastern Time, Netflix (NFLX) fell more than 6% in early trading before narrowing its decline to around 4% as of press time. The stock hit a low of $70.11, its lowest level since late July. Reportedly, Wells Fargo downgraded Netflix from "Hold" to "Underweight" and sharply cut its price target by 28% from $80 to $57, citing weakening user engagement trends and challenges facing its content strategy.

TradingKey - AMD closed at $545.09 after a 6.36% rally as Data Center growth and Helios demand strengthen. Can $547.70 unlock $571.87?

TradingKey - According to a Reuters report on September 18, Anthropic has established a wet lab in the San Francisco Bay Area, advancing Claude beyond computational analysis and into physical biological experimentation.

TradingKey - Anthropic and OpenAI are looking beyond large-scale AI infrastructure projects to secure smaller data centers with capacities of around 20 to 30 megawatts, aiming to access available computing power more quickly and meet growing demand for model inference.

TradingKey - GOOGL closed at $347.33 as Google Cloud growth and ad-tech relief support sentiment. Can $350.73 unlock 354.15-363.83?

TradingKey - Berkshire Hathaway (BRK.A, BRK.B) announced on September 18 that 96-year-old Warren Buffett has officially stepped down as chairman effective immediately, assuming the role of honorary chairman and continuing to serve as a director of the company.

TradingKey - On Friday, September 18 (ET), futures tied to the three major U.S. stock indices were mixed in pre-market trading. The pullback in international oil prices eased inflationary pressures, while the Federal Reserve's rate hike further bolstered its policy credibility. Coupled with a marginal cooling of Middle East tensions, market risk appetite improved significantly. Nvidia's optimistic earnings outlook also drove a rebound in the technology and chip-related sectors.

TradingKey - ARM closed at $264.90 after an 8.57% rally as confidence in converting $2B of AGI CPU demand into revenue improved. Can $270.39 unlock 278.54-295.58?

TradingKey - US electricity demand is entering a new growth phase. AI data centers and manufacturing expansion are driving up power consumption, while a strong El Niño in the winter of 2026–2027 could alter temperatures, precipitation, and electricity demand across different regions of the United States.

TradingKey - On September 18, U.S. crypto and digital asset stocks generally rose in pre-market trading, with Robinhood (HOOD) up 3.71%, Coinbase (COIN) up 3.53%, and Gemini Space Station up 1.81%.

TradingKey - As of the close on September 17, Eastern Time, SanDisk (SNDK) shares rose 6.21% in a single day to $1,614.39, touching an intraday high of $1,625.36 and ending its previous continuous pullback.

Japanese and South Korean stock markets closed sharply higher, with the KOSPI surging 2.66%, SK Hynix soaring 6.4%, and Kioxia jumping 9.4%.

TradingKey - Arm Holdings (ARM) jumped 8.6% on Thursday, becoming one of the top-performing chip stocks on the Nasdaq. The rally was driven by both a broader recovery in the tech sector and positive signals conveyed by CEO Rene Haas regarding the company's AI chip business.

TradingKey - As of September 17 Eastern Time, driven by Jensen Huang's latest positive remarks on AI chip demand, Nvidia (NVDA) opened higher and traded higher throughout the day, gaining 2.54% to close at $219.34, ending its pullback since September 8.

TradingKey - Waymo, the autonomous driving subsidiary of Alphabet (GOOGL), announced on Friday that it plans to launch an all-electric, fully autonomous ride-hailing service in Singapore by 2028 at the latest, marking its first entry into the Southeast Asian market. The company is collaborating with Singapore's Ministry of Transport and the Land Transport Authority to make preliminary preparations for commercial operations.