WEEX Daily Market Highlights | 2026.08.04

1 Stock Market Highlights

1) Amazon Surpasses $3 Trillion Market Cap as AWS Demand Continues to Outpace Supply

Amazon (AMZN) exceeded a $3 trillion market capitalization for the first time after rallying more than 20% over the past two trading sessions. Its Q2 earnings showed AWS revenue growth accelerated to 36.7%, the fastest pace in 18 quarters, while remaining performance obligations approached $500 billion. The company raised its full-year capital expenditure guidance to $220 billion and said AI computing shortages could persist until 2028. Strong long-term contracts and accelerating AI cloud monetization continue to attract investor inflows.

Watchlist: AMZN

• Spot: AMZNON
• Futures: AMZN

2) Google Overtakes Apple to Become the World's Second-Largest Company

Alphabet (GOOGL) has reached a market capitalization of approximately $4.51 trillion, surpassing Apple to become the world's second-largest listed company, behind Nvidia. Investors remain optimistic about Google's cloud and AI commercialization, while improving sentiment across large-cap technology stocks has driven capital rotation toward companies with stronger earnings visibility.

Watchlist: GOOGL

• Spot: GOOGLON
• Futures: GOOGL

3) Palantir Delivers Blockbuster Earnings, U.S. Commercial Revenue Surges 149%

Palantir (PLTR) reported 93% YoY revenue growth in Q2, with U.S. commercial revenue soaring 149%. Adjusted operating margin reached 62%, and the company raised its full-year revenue guidance for the third time, now expecting approximately 82% annual growth. Strong enterprise and government AI demand, accelerating commercialization, and high profitability remain key market catalysts.

Watchlist: PLTR

• Spot: PLTRON
• Futures: PLTR

4) Crude Oil Edges Up 1% as Uncertainty Remains Over U.S.-Iran Negotiations

Oil prices rose modestly after President Trump described ongoing U.S.-Iran negotiations as the "last opportunity," while Iranian officials offered mixed responses. The market continues to price in potential supply risks stemming from geopolitical uncertainty.

Watchlist: CRUDEOIL, USO

• Spot: CRUDEOILON, USOON
• Futures: BZ, CL

2 Earnings Preview

After the U.S. Market Closes on August 4

Advanced Micro Devices (AMD) and SpaceX are scheduled to report earnings. Key areas to watch include:

1) SpaceX (SPCX) | After Market Close, August 4

Investors will focus on Starlink subscriber growth and profitability, AI-related capital expenditures and losses, and Starship development progress. As SpaceX's first earnings report since going public, the results are expected to have a significant impact on market sentiment toward the aerospace and satellite communications sectors. The stock has already rebounded nearly 6% ahead of earnings, and the report could drive short-term volatility.

Watchlist: SPCX

• Spot: SPCXON
• Futures: SPCX

2) Advanced Micro Devices (AMD) | After Market Close, August 4

Key focus areas include data center revenue, MI-series AI GPU shipments, EPYC server CPU market share, gross margin, and next-quarter guidance. Investors will closely watch AI infrastructure demand and AMD's competitive progress against Nvidia.

Watchlist: AMD

• Spot: AMDON
• Futures: AMD

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