On August 14, SanDisk's pre-market gains expanded to 6%, reaching $1620 per share, following a nearly 14% surge in the previous trading session. Micron saw a pre-market increase of 3%. JPMorgan is optimistic about memory demand, assigning SanDisk an 'Overweight' rating with a target price of $2250.
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SanDisk's Pre-Market Gains Expand to 6%
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Bank of America’s Hartnett: 2026 Midterm Elections as a Watershed for AI Bull Market, Republican Victory Could Strengthen AI Stocks Until 2027
On August 14, according to market news, Bank of America’s Chief Investment Strategist Michael Hartnett and his team released a new research report defining the 2026 U.S. midterm elections as a core watershed for the current AI bull market in U.S. stocks. The report presents two scenarios: if the Republican Party retains the Senate and Texas Governor Greg Abbott is re-elected, the market will interpret this as a continuation of AI data center expansion and favorable AI capital expenditure policies, leading to sustained strength in the U.S. AI sector, with a potential bubble forming by 2027. Conversely, if the Democratic Party wins the Senate and the Texas governorship, the U.S. stock market could experience a significant correction of over 10%, which would simultaneously drive down the dollar and U.S. Treasury yields. Currently, the fundamentals of the U.S. stock market remain supportive, with the S&P 500's earnings growth in the second quarter significantly exceeding expectations, and trillion-dollar AI capital expenditures and wealth effects continuing to boost risk appetite. However, the market's bullish positions are extremely crowded, with Bank of America’s bull-bear indicator rising to 9.3, indicating a sell zone, and private client stock allocations reaching historic highs. If election outcomes, interest rates, or AI earnings expectations fall short, these crowded positions could amplify market volatility. Hartnett also cautioned that persistently rising U.S. Treasury yields and the pressure of servicing the country's massive debt are core constraints on market performance, noting that a significant easing of government debt servicing costs would require the 5-year U.S. Treasury yield to fall below 3.25%. -
LG Signs Agreement with NVIDIA: Humanoid Robot with NVIDIA Chips to Launch in 2027
On August 14, LG Group Chairman Koo Kwang-mo met with NVIDIA CEO Jensen Huang at NVIDIA's headquarters in Santa Clara, California, on August 13 local time. The two parties signed a strategic cooperation memorandum covering three key areas: robotics, AI factories, and mobile transportation. They plan to jointly launch a bipedal humanoid robot equipped with NVIDIA chips in the first quarter of 2027, marking a significant step in the collaboration between the two tech giants in the field of physical AI. During the meeting, Koo presented Huang with a miniature model of an LG bipedal humanoid robot. -
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July Loan Rates Remain Low
Since the beginning of this year, China's loan rates have remained at a low level, continuing a downward trend in July. In July, the weighted average interest rate for new corporate loans was slightly below 3%, approximately 0.2 percentage points lower than the same period last year; the weighted average interest rate for new personal housing loans was about 3.1%, roughly unchanged from the same period last year. (Xinhua News Agency) -
Scholar: Economic Shockwaves from US-Iran Conflict Spread, Trump Faces Internal and External Pressures
Professor Simon Mabon from Lancaster University stated that as the economic consequences of the Iran war ripple across the globe, US President Trump is facing increasing domestic and international pressure. He pointed out that with the midterm elections approaching and inflation rising, this conflict has created political challenges within the US, while the global economy is also 'feeling the pinch'—affecting not only oil and diesel but also fertilizers and global shipping routes. Mabon noted that any goods transported through the Strait of Hormuz will be impacted, with rising transportation costs and insurance premiums ultimately passed on to end users. -
Central Bank: M2 Increased by 7.7% Year-on-Year in July
On August 14, the Central Bank reported that by the end of July, the balance of broad money (M2) was 355.51 trillion yuan, an increase of 7.7% year-on-year. The balance of narrow money (M1) was 115.46 trillion yuan, up 4% year-on-year. The balance of currency in circulation (M0) was 14.82 trillion yuan, a year-on-year increase of 11.6%. In the first seven months, a net cash injection of 725.5 billion yuan was made. -
SK Hynix Confirms 3.98 Trillion Won Loss Due to Convertible Bond Exchange and Stock Price Increase
According to regulatory documents, SK Hynix confirmed a derivative trading loss of 3.98 trillion won related to the convertible bonds issued in April 2023 for the first half of 2026. This loss resulted from bondholders exercising their conversion rights and the increase in SK Hynix's stock price listed in South Korea. SK Hynix stated that the aforementioned accounting loss would not lead to actual cash outflows; at the same time, the gains from the disposal of treasury shares recognized when the convertible bonds were converted into shares have largely offset the related losses. The company noted that all convertible bonds had been converted into shares by the end of the first half, and therefore, there were no remaining derivative valuation losses related to this batch of convertible bonds as of the end of the period. (Bloomberg) -
US Imposes Up to 100% Tariff on Imported Drones and Parts, Drone Stocks Rise Pre-Market, Unusual Machines Up Over 11%
On August 14, drone-related stocks in the US market collectively rose in pre-market trading, with Unusual Machines increasing by over 11%, Red Cat Holdings and ParaZero Technologies up over 4%, Vertical Aerospace, Palladyne AI, and Ondas rising over 3%, and AgEagle Aerial Systems gaining nearly 3%. In a statement, the White House announced that President Trump signed a proclamation imposing tariffs ranging from 10% to 100% on imported drones and parts, citing national security threats. The proclamation specifies a 100% tariff on drones with highly sensitive specific sizes or functions, as well as docking stations for such drones and certain critical components. This category includes drones with a maximum takeoff weight exceeding 25 kilograms and those equipped with thermal imaging capabilities. Additionally, a 25% tariff will be applied to certain smaller drones and other drone components that do not possess specific functions. The announcement also states that a 15% tariff will be imposed on drones and components from the European Union, Japan, Liechtenstein, South Korea, and Switzerland. Furthermore, a 10% tariff will be levied on drones from the UK, provided that their hardware, software, and technology primarily originate from the aforementioned countries and regions, as well as the US. The tariffs are set to take effect 21 days after the signing, while tariffs on non-highly sensitive drone components will take effect 180 days after the signing. -
U.S. Stock Market: Memory Chip Stocks Rise Before Opening, Micron and Western Digital Up Nearly 2%
On August 14, continuing yesterday's upward trend, memory chip stocks in the U.S. market collectively rose before the opening. Among them, SanDisk surged over 4%, while Micron Technology, Western Digital, and Seagate Technology increased by more than 1%. Winbond Technology, SK Hynix, and Rambus saw gains of less than 1%. -
SanDisk Stock Rises Over 5% in Pre-Market Trading
On August 14, SanDisk's stock rose over 5% in pre-market trading. Royal Bank of Canada raised its target price for SanDisk from $1300 to $1600.
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