- Jim Cramer reported that August marked a strong comeback for heavily battered stocks as improving fundamentals helped challenge negative bearish narratives.
- Moderna led the S&P 500 with a remarkable rebound driven by promising melanoma vaccine results, while enterprise software firms like Palantir and Salesforce recovered after an aggressive short-selling hedge fund was forced to unwind.
- Other notable winners included Super Micro Computer and Sandisk on AI memory demand, alongside Coinbase as cryptocurrencies rallied amid macro concerns.