Market review from UTEX — week 32

Over the week, the SPY and Nasdaq barely moved. But tech giants saw volatile moves. The biggest gains: Microsoft (+19%), Google (+9%), Amazon (+16%), Oracle (+8%), Salesforce (+9%). The correction in semiconductors and memory chips continued: SanDisk (-14%), Micron (-11%), AMD (-8%), Arm (-9%). Apple lost 8% after its earnings report.

Bitcoin fell about 3% over the week to $63,450. Ethereum lost 3.5%, dropping to $1,880.

The Fed kept rates unchanged at 3.50–3.75%, but three committee members voted for a hike. Kevin Warsh gave no clear comments at the press conference, and the market dipped slightly after his remarks.

The US jobs report is due on Friday. Economists expect 88,000 new jobs, up from 57,000 in June. The unemployment rate is forecast to remain at 4.2%.

The most anticipated event of the week is SpaceX's first quarterly report since its IPO. Investors will be watching Starlink subscriber growth, Starship launch timelines, and the company's capital expenditures. Also reporting in the coming days: Palantir, AMD, Disney, Uber, Shopify, Eli Lilly, Novo Nordisk, and Airbnb.

Top trading ideas for this week

🔴 Palantir Technologies (PLTR). Report on August 3 after market close. Investors and analysts will focus on the monetization pace of its AI platform (AIP) in the US and the stability of government defense contracts. Despite record figures, shares have corrected roughly 30% from their peaks since the start of 2026 due to a broad sector revaluation. The P/S (price‑to‑sales) multiple remains very high, requiring flawless results and consistent upward guidance revisions. The options market is pricing in a 10–12% move in either direction immediately following the report.

🔴 SanDisk (SNDK). Report on August 5 after market close. The market expects explosive year‑over‑year growth. It's important that the company maintains its high non‑GAAP gross margin, which hit a record 78.4% last quarter. Investors will also watch for NAND pricing stability for AI infrastructure. The stock has soared over 2000% over the year but has corrected 45% from its peaks over the last month. Even a slight slowdown or downgrade to guidance could trigger a sell‑off.

🔴 SpaceX (SPCX). Report on August 4 after market close. The first earnings release since its IPO. Volatility is guaranteed regardless. The current price of about $108 is roughly 33% below the first‑day trading peak of $161 and 20% below the initial offering price. Also, just two days after the report, the lockup period for insiders expires — roughly 911.5 million shares (worth nearly $99 billion) could hit the market.

🔴 Advanced Micro Devices (AMD). Report on August 4 after market close. The semiconductor giant is in an aggressive phase of expanding its share of the AI chip market. The most important metrics are shipment volumes and contracts for the Instinct (MI450) lines, as well as the performance of the Helios platform. The market is pricing in a seasonal decline of more than 20% in revenue from Radeon GPUs and console chips in the second half of the year.

🔴 Shopify (SHOP). Report on August 5 before market open. Morgan Stanley, Jefferies, and Bank of America recently upgraded Shopify to 'Buy.' Analysts highlight the success of the Sidekick AI assistant and the platform's integration with generative AI chats, opening a new wave of automation for merchants. Order volume and store conversions driven by AI algorithms have increased several times over the past year. Integration with DoorDash for local retailers and collaboration with Google on the UCP protocol further strengthen Shopify's dominance in online sales infrastructure.

High risk, for professionals.

[button label="Trade on UTEX" url="https://margin.utex.io/stocks-usdt/exchange?utm_medium=website&utm_source=utmedia_en&utm_campaign=post"]