MARKETS

Apple shares increased by 2% as investors anticipate the upcoming iPhone event on September 9, amidst strong demand for iPhones and Macs, despite supply constraints and premium valuations.

Amazon shares rose nearly 4% after Evercore ISI increased its price target, citing AI tools boosting retail sales. The company's cloud division also showed strong growth, supporting the stock's performance.

Gap Inc. shares rose over 13% following a Q2 earnings beat and the announcement of new leadership at Old Navy. Despite revenue decline, profitability exceeded expectations, boosting investor confidence.

U.S. stocks showed mixed performance as investors awaited Fed Chair Kevin Warsh's speech at the Jackson Hole Symposium, seeking insights on inflation and interest rates amid a volatile market backdrop.

SK Hynix shares rose following Nvidia's earnings report, which highlighted AI memory chip demand and supply constraints, benefiting SK Hynix and other memory manufacturers in the market.

IBM shares rose 3.9% following the acquisition of HRL Laboratories and plans for a new mainframe processor, signalling progress in quantum computing and enterprise technology.

Nvidia's record quarterly revenue and optimistic sales forecast have eased investor concerns, driving a tech stock rally. The company's AI-driven growth and hyperscaler spending continue to bolster its market position.

CrowdStrike's shares surged 17.69% after reporting a record-breaking quarter with strong earnings and raised guidance, driven by AI-related cybersecurity demand and growth in its Falcon Flex platform.

Salesforce shares surged 19% following a strong earnings report, driven by significant growth in its AI platform, Agentforce. The company raised its full-year revenue guidance, signalling continued momentum.

NEW YORK — U.S. stocks climbed Thursday, with the Nasdaq Composite leading the way, after blockbuster earnings from Nvidia eased investor concerns that the artificial intelligence spending boom might be losing steam.

Japan's Nikkei 225 index dipped after an initial rise, influenced by Nvidia's strong AI earnings. Broader Asian markets were mixed, with investors cautious amid fluctuating global economic signals.

South Korea's KOSPI index surged after Nvidia's earnings report boosted investor confidence in AI chip demand, lifting Samsung and SK Hynix shares and reversing recent market volatility.

Kanzhun Limited's shares rose nearly 17% following a strong Q2 earnings report, highlighting AI-driven efficiencies and revenue growth, despite increased marketing expenses impacting short-term profitability.

Abercrombie & Fitch shares surged 41% after a second-quarter earnings report exceeded expectations, driven by a tariff refund and strong core business performance, prompting raised full-year guidance.

Markets remain volatile as investors await Nvidia's earnings and inflation data, with trade tensions and Federal Reserve policy adding to uncertainty. Meta settles a major social media trial.

AbCellera Biologics' stock surged after positive Phase 2 trial results for its menopause drug, ABCL635. The company's market value increased significantly, driven by investor enthusiasm and analyst upgrades.

DICK'S Sporting Goods shares dropped 27.58% after missing earnings estimates and cutting profit forecasts due to Foot Locker's poor performance, highlighting challenges in the athletic footwear market.

Bitcoin surpassed $80,000, marking its strongest rally since 2023. Analysts attribute the surge to U.S. Treasury bond buybacks, institutional demand, and technical market shifts, despite ongoing economic uncertainties.

The Dow rose as investors focused on Nvidia's earnings and the Fed Chair's Jackson Hole speech, despite trade tensions with Canada and Iran. Market volatility is expected throughout the week.

Elon Musk criticises Delta Air Lines for choosing Amazon's satellite network over Starlink, warning of potential customer loss. Delta defends its decision, citing cost and bandwidth advantages.

South Korea's KOSPI index rebounded slightly after a sharp selloff triggered by Samsung's shareholder return plan, amidst ongoing volatility influenced by semiconductor giants and global economic factors.

AMC Entertainment's shares rose over 7% due to strong box office results and investor focus on governance changes, including board declassification. The company reported record revenues and improved cash flow.

Alibaba's shares fell sharply after a major equity offering to fund AI expansion, highlighting investor concerns over dilution and profitability amidst rising capital expenditure.

Micron Technology's stock fell over 6% amid broader tech sector weakness, investor concerns over capital-return plans, and caution ahead of key earnings reports, despite strong operational performance.

Intel's stock fell nearly 3% following a large equity offering, as investors weigh dilution concerns and broader semiconductor sector weakness. The company's turnaround strategy remains under scrutiny.

NVIDIA shares fell nearly 2% on Monday, marking the longest losing streak in four years, as investors await the company's quarterly earnings report amid concerns over AI server pricing and geopolitical tensions.

Anthropic's Fable 5 AI model struggles with adoption due to high costs and competition, impacting its IPO prospects. Despite revenue growth, cheaper alternatives are reshaping corporate AI spending.

The Dow Jones rose as investors faced a week of market catalysts, including Nvidia's earnings, U.S.-Iran sanctions, and the Federal Reserve's Jackson Hole symposium, amid escalating U.S.-Canada trade tensions.

Alibaba's record HK$80 billion share placement aims to fund AI expansion, despite a 75% profit drop. The move highlights the company's strategic focus on AI infrastructure amid global competition.