SK Hynix Plunges as US Tech Earnings Loom | The Pulse 7/29/2026

Summary

The video discusses a rout in chip stocks, particularly SK Hynix, amid AI spending concerns, ahead of Microsoft and Meta earnings and the Fed decision. European banks like UBS, Deutsche Bank, and Standard Chartered report strong results. Oil surges on renewed Middle East fighting. Interviews cover commodities demand from data centers, AI infrastructure testing growth for Bureau Veritas, and luxury sector cracks at Hermes.

• SK Hynix plunges despite strong profits as investors fear record capex spending, extending a $700B market rout.
• ASML faces risk from reports that China is advancing its own DUV chip production machinery.
• JPMorgan Private Bank remains constructive on S&P 500, targeting 8200 by mid-2027, and favors European banks.
• European banks like UBS, Standard Chartered, and Deutsche Bank beat earnings, driven by trading and wealth management.
• Fed decision is highly uncertain with a chance of a surprise hike; oil spike adds inflation worry.
• Rio Tinto CEO highlights data center buildout as a demand driver for copper, aluminum, and lithium.
• Bureau Veritas sees strong growth from AI infrastructure testing and semiconductor fab quality control.
• Hermes shows cracks as leather goods miss and Birkin secondary premiums fall, challenging its invincibility.