Your Daily Scope and News of What Matters
Sandisk stock fell more than 10% Aug. 24 to about $1,433 after Samsung’s shareholder-return disappointment triggered a memory-sector selloff. SNDK wiped roughly $24B in market cap and erased 80% of its Aug. 12–17 rally.
YMTC IPO: parent CCSH filed Aug. 21 for a 33 billion yuan ($4.9B) Shanghai STAR Market listing. Q1 2026 revenue hit 47 billion yuan. TrendForce ranks YMTC No. 3 globally in NAND — behind Samsung and SK Hynix, ahead of Micron in shipments.
GM stock fell about 2% Aug. 24 after Trump threatened 50% tariffs on Canadian autos, parts, and steel starting Jan. 1, 2027. Ford and Stellantis dropped ~4%. Medium-truck tariff relief sank the US-Canada deal.
Micron stock fell about 3% Aug. 24 on sector profit-taking after Samsung’s payout surprise, but Bloomberg’s Nvidia 15%+ server hike story shows MU’s pricing power. CEO Mehrotra says supply won’t catch demand before 2028.
Gold price reached a 3-month high Aug. 24 above $4,680 as Treasury buybacks revived the debasement trade. Spot gold is up about 14% in August. Physical Q2 demand hit a near-five-year low — the rally is monetary, not jewelry-led.
Broadcom is in talks to raise $60 billion to $100 billion in debt to finance custom AI chips for Anthropic and other labs via SPV leases. AVGO closed near $368 after a 6% weekly drop as Wall Street prices contingent guarantees, not just revenue growth.
July PCE inflation prints Wednesday, Aug. 26, at 8:30 a.m. ET alongside Q2 GDP revision. Core consensus is 0.2% m/m and 3.3% y/y. Same day NVIDIA reports after the close. September FOMC hike odds hinge on the monthly core read.
Kevin Warsh’s first Jackson Hole speech lands Friday, Aug. 28, with the 30-year near multi-decade highs and Treasury buybacks doubling. July PCE prints Aug. 26. September FOMC hike odds sit in the 30s.
OpenAI IPO timing is on the record: CFO Sarah Friar told staff the company will be public in 2027, or sooner if growth keeps accelerating. Confidential S-1 filed in June. Valuation mark: $852 billion.
SpaceX stock fell about 4–5% on Aug. 20 as 319 million more insider shares became eligible to trade — the second major post-IPO lockup release. Shares slipped back under the $135 IPO price.