Next week, the three storage giants will release their results! U.S. stocks will also usher in a “super week”
Next week, the U.S. stock market will face two major tests: First, the Federal Reserve meeting, from which the market hopes to find clues about the future path of interest rates; second, the intensive release of corporate financial reports, among which the performance of technology giants and leading artificial intelligence companies has received the most attention. Among them, the AI industry chain will usher in a new round of financial reporting tests: SK Hynix, Samsung Electronics and Kioxia will announce their latest results for three consecutive trading days. Whether the three financial reports can prove that AI demand is still being converted into orders for HBM, DRAM and enterprise-grade solid-state drives may affect the trend of chip stocks in the next stage. The financial reports of the three storage giants appear one after another At 8:00 on July 29, Beijing time, SK Hynix will hold a second-quarter results conference call. According to China Securities Journal, the market will focus on HBM3E shipments, HBM4 mass production and long-term order arrangements from major customers. It will also focus on whether server DRAM and enterprise-class solid-state drive prices can continue to rise, as well as subsequent capital expenditure plans. At present, investors are not pessimistic about SK Hynix's current profits, and their differences mainly focus on the sustainability of growth. Analysts believe that SK Hynix accounts for approximately 58% of the global HBM market revenue share and occupies a strong position in Nvidia's next-generation AI platform supply chain. At present, HBM supply is still tight, major cloud vendors are still increasing capital expenditures, and new production capacity takes a long time from construction to production. These factors are expected to continue to support product prices and profit margins. However, analysts also remind that SK Hynix’s current performance growth relies more on price and product mix rather than shipments. If the market has fully factored in the expectation of a sharp increase in storage prices, the company's actual performance may be difficult to cross the high threshold; as long-term supply agreements increase and subsequent production capacity is gradually launched, the supply and demand relationship may also change. On July 30, Samsung Electronics will announce detailed results for the second quarter and hold a conference call at 9:00 Beijing time that day. The company had previously estimated that consolidated revenue in the second quarter would be approximately 171 trillion won and operating profit would be approximately 89.4 trillion won, both of which would achieve substantial growth. In Samsung Electronics' upcoming financial report, the source of profits will be clarified, and the company's HBM business progress may also be disclosed simultaneously. It is reported that Samsung is accelerating the certification and mass production of HBM4 and subsequent products. The market hopes to see the company narrow the gap with SK Hynix. It is worth noting that after Samsung released a record performance forecast, its stock price fell 7.4% on July 7, indicating that the market is more concerned about whether growth can be sustained in the second half of the year. On July 31, Kioxia will announce its first quarter results for fiscal year 2027 at 14:30 Beijing time. Compared with the first two companies, Kioxia's financial report better reflects the market sentiment of NAND flash memory and enterprise-class solid-state drives. The company had previously expected operating profit in the first quarter of fiscal year 2027 to be approximately 1.3 trillion yen. Whether the demand for enterprise-class solid-state drives is still strong, whether NAND price increases can continue, and the progress of mass production and customer introduction of new-generation flash memory products will become the main points to watch. In addition, in the U.S. stock market, about one-third of the S&P 500 index companies will announce results in the coming week, which will become the busiest week of the second-quarter earnings season. These include and tech giants like Meta, as well as (Source: Financial Associated Press) The Federal Reserve will announce its interest rate decision According to the Financial Associated Press, the Federal Reserve will announce an interest rate decision next Wednesday and is expected to keep the federal funds rate target range unchanged at 3.50% to 3.75%. Market attention will be on the accompanying statement for clues on whether the Federal Reserve may raise interest rates by 25 basis points at its next meeting in September. LESG data shows that U.S. currency markets have now fully priced in this possibility. U.S. second-quarter gross domestic product data will be released on Thursday, along with the Fed's preferred inflation measure, the June personal consumption expenditures price index, and weekly initial jobless claims.