U.S. memory stocks surge against the trend! Goldman Sachs cheers: The worst is over, capital may be flowing back in.

① U.S. stocks closed lower on Wednesday (Eastern Time), with the three major indices declining, while memory chip stocks bucked the trend and rose; ② Goldman Sachs stated that the worst phase of the downturn in the memory industry may have passed, and capital could be flowing back into the sector; ③ Micron will report its fiscal 2026 fourth-quarter results on September 30, which will serve as a key test to validate the bullish thesis for the industry.

cls.cn11:24

The weakest link in the U.S. stock market’s AI rally? Oracle is set to report its earnings tonight.

① At present, the most noteworthy development is likely Oracle’s upcoming release of its first-quarter earnings after the U.S. market close on Thursday. Among the major players in the U.S. AI ecosystem, Oracle has the most vulnerable financial position; ② Will Oracle’s message on Thursday signal a continued “full steam ahead” approach, or a shift toward “prudent caution”?

cls.cn11:18

Why Is Cloudflare (NET) Stock Trending After Hours

Cloudflare Inc. (NYSE:NET) shares are trending Wednesday night.Shares of the San Francisco-based technology company edged down 0.37% to $313.01 after the bell on Wednesday.The dip in late trading

Benzinga11:10

Memory chip stocks rally! SK Hynix hits record high on U.S. market; Goldman Sachs declares the worst is over

A research report from Goldman Sachs ignited the memory chip sector, sending SK Hynix’s U.S.-listed shares surging 7% in a single day to hit a record high. Micron and SanDisk also rose in tandem, outperforming the broader market. Goldman Sachs noted that a technical breakout in the memory sector, combined with low hedge fund positioning, has shifted the "pain trade" direction upward. However, Kioxia’s CEO dampened enthusiasm on the same day, stating outright that NAND prices have risen enough. Amid this tug-of-war between bulls and bears, Micron’s earnings report scheduled for September 30 will serve as a key arbiter.

wallstreetcn10:57

The Great AI Bottleneck Debate: Peak Constraints in 2027 vs. Massive Capacity Release and Pricing Collapse in 2028

Analyst Ben Bajarin believes that demand for AI computing power will continue to grow, with 2027 marking the industry's most severe supply constraint "bottleneck," while supply and demand will remain in a slightly tight balance in 2028. Jay Goldberg, meanwhile, warns of the iron law of historical cycles, suggesting that massive capacity expansions by companies such as Taiwan Semiconductor could lead to a collapse in pricing power and a mean reversion in gross margins. Both analysts agree that the era of "blind buying" leading to immediate surges in the AI supply chain has ended; investors must now carefully select core assets with resilient pricing power across economic cycles.

wallstreetcn10:35

Goldman Sachs partners comment on Asian institutional surveys: After a severe setback in July, market sentiment toward AI trades has become excessively cautious.

The historic plunge in momentum stocks in July left a "trauma" among Asian investors, but Goldman Sachs stated bluntly after surveying its Asian clients that caution has become excessive. Multiple data points show that institutional leverage ratios, AI holdings, and sentiment indicators have all fallen to year-to-date lows, while S&P 500 Q2 earnings per share surged 30% year-on-year, indicating a significant divergence between fundamentals and market sentiment. Defensive positioning is accumulating upward momentum, and the IPO pipeline may serve as a key catalyst for a rebound.

wallstreetcn10:32