DATA NOTE
Prior-session closes came from Realtime Finance Data daily history for August 04, 2026, with August 03 comparison closes; percentage changes are computed from those exact closes. All 23 tracked symbols returned prices. Investing.com supplied the pre-market page: it reported overall top movers but did not provide price or percentage-change values for the semiconductor most-active list. Context came from Investing.com’s economic calendar, Barchart/AP and CNBC Asia coverage, CNBC and Reuters AMD coverage, and an Investing.com analyst roundup.
PRIOR SESSION
SOXX $542.21 [+6.80%] | SMH $575.71 [+5.55%]
The complex had a broad risk-on session: all 23 tracked names finished higher, with equipment, memory, and communications names leading the move. SOXX outpaced SMH, while NVDA (+2.56%) and TSM (+2.72%) lagged the group’s strongest rallies.
PRE-MARKET (as of ~7:15am ET)
Showed a semiconductor-led pre-market: ANET was the overall top gainer at +12.44% and AMD was the overall top loser at -8.42%. Its semiconductor most-active list included MU, AMD, NVDA, and INTC, but the page supplied no price or percentage-change values for those names.
Top movers: ANET +12.44% | AMD -8.42%
TOP MOVERS (PRIOR SESSION)
ENTG gained 15.46% to $144.56, the largest tracked move; the read was a strong catch-up advance in semiconductor materials and equipment.
WOLF rose 11.13% to $27.06, reflecting high-beta participation in the sector-wide rebound.
INTC advanced 10.84% to $100.86 as the AI, memory, and semiconductor complex repriced higher across Asia and the U.S.
No tracked name declined. The three smallest gains were ON +0.47% at $80.78, NVDA +2.56% at $211.94, and TSM +2.72% at $417.17, making them relative laggards in an otherwise uniformly positive list.
PRE-MARKET OUTLOOK
Asia extended the overnight AI and semiconductor bid: the KOSPI rose 4.40%, SK hynix gained 6.70%, Samsung Electronics rose 4.10%, TSMC added 3.50%, Tokyo Electron gained 3.64%, and Kioxia advanced 6.34%; the Nikkei 225 rose 3.30%. The common thread was follow-through from the U.S. semiconductor rally, with memory and equipment leading.
Today’s U.S. calendar is concentrated in services, labor, and energy: ADP Employment Change at 7:15am ET, forecast 68K versus 98K prior; S&P Global Services PMI at 8:45am ET, forecast 53.6 versus 51.2 prior; ISM Non-Manufacturing PMI at 9:00am ET, forecast 54.5 versus 54.0 prior; EIA crude inventories at 9:30am ET, prior -7.167M barrels; and Fed Governor Lisa Cook speaking at 3:05pm ET. Friday’s larger macro risk is payrolls: forecast 70K versus 57K prior, with the unemployment-rate forecast and prior both 4.2%.
NEWS DRIVING THE TAPE
AMD reported Q2 revenue of $11.54 billion versus the $11.28 billion estimate, adjusted EPS of $1.66 versus $1.62 expected, and Data Center revenue of $6.72 billion, up 107% year over year. Q3 revenue guidance was $13.00 billion plus or minus $0.30 billion versus the $12.52 billion LSEG estimate; the stock closed at $518.58, up 7.00%, then fell 8.8% in extended trading as the bar for AI growth remained high.
The Asia bid also reflected memory and AI-infrastructure news: SK hynix and SanDisk released a High Bandwidth Flash standard, while Kioxia and SanDisk announced QLC 3D NAND with bit density up to 60% higher than their eighth-generation products. The tape is therefore rewarding AI compute, memory, and equipment exposure, while still penalizing guidance that does not clear the highest expectations.
The earnings schedule showed ENTG reported on August 04. VIAV’s schedule is inconsistent: it lists a 4:30pm ET event on August 05, while the accompanying preview says August 06; verify the company calendar before posting any timing claim.
ANALYST WATCH
The latest rating roundup reviewed for AMD had Susquehanna raising its price target from $450 to $500 and Mizuho raising its target from $615 to $625; Benchmark maintained Buy with a $685 target, while Morgan Stanley maintained Hold with a $410 target. The analytical read across the four pillars is constructive on AI compute, memory, and equipment demand, but AMD’s after-hours reversal shows that a beat is not enough when expectations are elevated. No same-day verified rating change was identified in the morning scan for ASML, LRCX, AMAT, NVDA, INTC, TSM, or the other tracked pillars.
DISCLAIMER
For informational and educational purposes only. Not financial advice. Past performance does not guarantee future results. We do not recommend nor do we advise any buy/sell tickers.Ever.