$Nokia Oyj (NOK.US)$ will report second-quarter and half-year 2026 results on Thursday, July 23. Nokia already showed that its AI network strategy is translating into reported demand, with AI and Cloud sales rising 49%, €1 billion of related orders secured, and Optical Networks growing 20% on a constant currency and portfolio basis.
Q2 now needs to show that this momentum can extend into IP Networks.
Core Financial Indicators
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Q2 turned out to be a muted quarter for $Alphabet-A (GOOGL.US)$ $Alphabet-C (GOOG.US)$. While Google rolled out its new foundational model at the I/O Conference to kick off the quarter, the market barely registered a meaningful reaction. Alphabet’s recent inclusion in the Dow Jones Industrial Average, displacing Verizon, has served as a near-term share price catalyst.
Nevertheless, the mass departure of core Gemi...

$Intel (INTC.US)$ will report second quarter 2026 results after the market closes on Thursday, July 23. Expectations have risen sharply since Intel's strong first quarter, when revenue, non-GAAP gross margin and non-GAAP EPS all exceeded management's guidance.
Core Financial Indicators
– Revenue: Consensus estimate is US$14.42B, up 12% YoY and 6% QoQ. Company guidance range is US$13.8–14.8B.
– Gross margin: GAAP gross margin cons...

The latest market action looks increasingly consistent with Morgan Stanley's AI rotation thesis.
On July 15, $Apple (AAPL.US)$ rose nearly 4% to a record high, while $Microsoft (MSFT.US)$ , $Amazon (AMZN.US)$ , $Alphabet-C (GOOG.US)$ and $Meta Platforms (META.US)$ all gained around 3%.
Semiconductors moved in the opposite direction. $Micron Technology (MU.US)$ fell nearly 8%, $SanDisk (SNDK.US)$ dropped more than 8%, $Western Digital (WDC.US)$ lost about 9%, ...

$Tesla (TSLA.US)$ will report its Q2 2026 financial results after market close on July 22. Tesla's stock price rebounded 13.14% in the second quarter, partly priced in gains from rising oil prices and a surge in European car sales. However, the market is concerned about declining profit margins. Furthermore, Tesla's progress in AI remains a key focus.
Core Financial Indicators
According to Moomoo data, Tesla's...

$Taiwan Semiconductor (TSM.US)$ , the world's leading foundry and the ultimate "picks-and-shovels" play in AI, reported Q2 results today that beat expectations across the board. The market is now watching whether this can reverse the sluggish sentiment around semiconductors.
Core Financial Indicators
– Revenue: Q2 revenue came in at US$40.2B, up 34% YoY and 12% QoQ, beating the consensus estimate of US$39.3B and reaching the top e...

By Chancy
$Apple (AAPL.US)$surged nearly 4% on Wednesday, climbing as high as $327 to set a fresh all-time intraday high. The rally came as investors cheered a series of bullish developments, including reports that Apple is pursuing AI chip acquisitions, the rollout of Apple Intelligence in China, and a fresh bullish call from Morgan Stanley.
Apple Accelerates Its AI Push
One of Wednesday's biggest catalysts was a repo...

$ASML Holding (ASML.US)$ delivered a stronger-than-expected second quarter, beating revenue and profit estimates while sharply raising its 2026 outlook.
The most important message was not simply that current demand remains strong. ASML also outlined a major expansion of its manufacturing capacity for 2027 and potentially 2028, addressing the supply constraint that has increasingly limited how quickly it can convert AI-related demand in...

$IBM Corp (IBM.US)$ 's 25% plunge offered an unusually clear signal about where technology budgets are moving.
The company warned that customers were redirecting spending toward supply-constrained servers, storage and memory, delaying some software purchases. It was a major negative for software stocks, but a positive read-through for semiconductor and memory demand.
Against that backdrop, $SK hynix (SKHY.US)$ surged 27% ...

America's Big Four cloud providers are approaching their next earnings season. Market forecasts indicate that Capital Expenditure growth for Cloud Service Providers (CSPs) will remain robust in Q2 2026. Bloomberg data suggests $Microsoft (MSFT.US)$ 's CapEx is expected to reach $35.2B, a year-over-year increase of 105.8%. Meta's CapEx is projected at $33.7B, up 103.8% YoY. $Alphabet-A (GOOGL.US)$'s CapEx i...