--- title: "☕️ [Task Coins Giveaway] Daily Market Talk — Apple Touches $5 Trillion as Chip Stocks Crack" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/100000000821710.md" description: "$Apple(AAPL.US) just hit a number no one saw coming this fast. Apple briefly touched a $5 trillion market cap on Tuesday, only the second company ever to get there, and closed up 0.94% near $4.99 tril..." datetime: "2026-07-29T03:05:56.000Z" locales: - [en](https://longbridge.com/en/topics/100000000821710.md) - [zh-CN](https://longbridge.com/zh-CN/topics/100000000821710.md) - [zh-HK](https://longbridge.com/zh-HK/topics/100000000821710.md) author: "[Captain's Watch](https://longbridge.com/en/profiles/24747427.md)" generator: "portal-rs" --- # ☕️ [Task Coins Giveaway] Daily Market Talk — Apple Touches $5 Trillion as Chip Stocks Crack $Apple(AAPL.US) just hit a number no one saw coming this fast. Apple briefly touched a $5 trillion market cap on Tuesday, only the second company ever to get there, and closed up 0.94% near $4.99 trillion, right on the eve of its own earnings tomorrow. The rest of the chip trade wasn't so lucky: the Philadelphia Semiconductor Index broke below key support, sliding 4.49%, as memory names got crushed. Earnings season hits full throttle this week too. Let's dig in 👇 **💬 Can Apple (AAPL) earnings tomorrow justify a $5 trillion valuation?** ## 📊 **Quick Recap — What Moved & Why** ### 🇺🇸 **US — Apple's Milestone, Chips Crack** 🔑 **Key Event:** Tuesday's session was split down the middle. $S&P 500(.SPX.US) **rose 0.21% to 7,428.78 and** $Dow Jones Industrial Average(.DJI.US) **gained 1.03% to 52,747.32, but the** $NASDAQ Composite Index(.IXIC.US) **slipped 0.22% to 24,876.91 as the Philadelphia Semiconductor Index (SOX) broke below key support, tumbling 4.49% to 11,035.68.** $Apple(AAPL.US) briefly touched a $5 trillion market cap intraday, the second company ever to do so after $NVIDIA(NVDA.US) , before closing up 0.94% around $4.99 trillion. Memory names bore the brunt of the chip selloff, with $Sandisk(SNDK.US) down over 14% on fresh oversupply fears from a Chinese rival's blockbuster IPO. #### 👀 **Other to Watch** - $SK Hynix(SKHY.US) → operating profit jumped about 6.6x YoY, but revenue missed; the stock briefly fell over 9% at Wednesday's Seoul open before clawing back to trade up about 2-3% as Korea's KOSPI rallied on its raised capex guidance. - $Corning(GLW.US) → plunged as much as 20% after Q3 guidance came in just below estimates, despite a Q2 beat. - $Coca Cola(KO.US) → jumped about 5-7% to a record high on a Q2 beat and raised guidance, its best volume growth in 17 years. - $Boeing(BA.US) **&** $UPS(UPS.US) → Boeing rose about 5% despite a wider-than-expected core loss, while UPS fell nearly 6% even after raising its revenue guidance, on doubts it can hit the new targets. - $Meta Platforms(META.US) **&** $NVIDIA(NVDA.US) → Meta and BlackRock are building a $14B data centre in El Paso, Texas; separately, Nvidia is reportedly (unconfirmed by either company) a tenant on a Texas data-centre lease worth up to $50B. ### 🇸🇬 **Singapore — STI Hits Fresh Highs, SIA Swings to a Loss** 🔑 **Key Event:** The $FTSE Straits Times Index(STI.SG) climbed about 0.3% to around 5,633 on Wednesday morning, a fresh high, after closing Tuesday at 5,616.11. **Singapore Airlines (**$SIA(C6L.SG)**) reported its first quarterly net loss in nearly four years**, S$76m versus a S$186m profit a year ago, as fuel costs surged 78.5% on the Middle East conflict even as revenue hit a record S$5.71B. #### 👀 **Other to Watch** - $DBS(D05.SG) **·** $OCBC Bank(O39.SG) **·** $UOB(U11.SG) → all three banks edged higher this morning, holding near record highs ahead of Q2 results due Aug 6 and Aug 7. ### 🇭🇰 **HK/China — Stocks Rally, Chips Buck the Trend** 🔑 **Key Event:** Hong Kong closed Tuesday up a modest 0.41% on the $Hang Seng Index(00HSI.HK) , then extended those gains sharply on Wednesday morning to about 1.48% (around 25,687), **with the** $Hang Seng China Enterprises Index(HSCEI.HK) **up 1.74% and the** $Hang Seng TECH Index(STECH.HK) **up 2.39%**. Chip names moved with the overnight US rout rather than against it this time, a reversal from Tuesday's resilience. #### 👀 **Other to Watch** - $SMIC(00981.HK) **&** $HUA HONG GRACE(01347.HK) → both fell in sympathy with the overnight US memory-chip selloff, while mainland peer GigaDevice hit its daily limit down. - **Zhongji Innolight (**$Zhongji Innolight(300308.SZ) **/** $ZJ INNOLIGHT(03308.HK)**)** → announced share-allotment results and held its grey-market trading session today, ahead of its debut tomorrow. ### 🌍 **Other** - **Iran & oil** → Iran fired missiles at a US base in Jordan overnight, which CENTCOM says were all intercepted with no casualties; the incident shook the fragile US-Iran truce without an official confirmed collapse, **and WTI snapped its three-day slide to rise about 4.2% to $82.61.** - **Fed** → **the FOMC decision lands Thursday around 2am SGT**; futures price only about a 32% chance of a hike, but confidence in the outcome is unusually low for a Fed meeting. ## 📅 **Key Events This Week** - 🇺🇸 **Big Tech Q2 earnings, night 1** → $Microsoft(MSFT.US) & $Meta Platforms(META.US) report today, Wed Jul 29 US close (lands ~5:30am SGT Thu) - 🇺🇸 **Big Tech Q2 earnings, night 2** → $Apple(AAPL.US) & $Amazon(AMZN.US) report Thu Jul 30 US close - 🇺🇸 FOMC decision · lands ~2am SGT Thu Jul 30 - 🇭🇰 Zhongji Innolight **(**$Zhongji Innolight(300308.SZ)**/** $ZJ INNOLIGHT(03308.HK)**)** HK debut · Thu Jul 30 - 🇺🇸 Q2 GDP advance & June PCE · Thu Jul 30 - 🌍 US-Iran truce · watch for further escalation, oil driver 👇 Drop your take (20+ words) & click "Repost" to earn 288 Task Coins ✨ 🚫 No duplicates · ⏰ Deadline: July 29, 2026, 11:59 PM SGT Not investment advice, just market talk 🙏 ### Related Stocks - [SPDN.US](https://longbridge.com/en/quote/SPDN.US.md) - [SH.US](https://longbridge.com/en/quote/SH.US.md) - [SPXU.US](https://longbridge.com/en/quote/SPXU.US.md) - [SPXS.US](https://longbridge.com/en/quote/SPXS.US.md) - [XYLD.US](https://longbridge.com/en/quote/XYLD.US.md) - [03308.HK](https://longbridge.com/en/quote/03308.HK.md) - [300308.CN](https://longbridge.com/en/quote/300308.CN.md) - [META.US](https://longbridge.com/en/quote/META.US.md) - [D05.SG](https://longbridge.com/en/quote/D05.SG.md) - [DBSDY.US](https://longbridge.com/en/quote/DBSDY.US.md) ## Comments (25) - **NewUser_zS0M8w · 2026-07-29T14:55:11.000Z**: Tech stocks are crashing heavily with Kospi market experiencing circuit breaker for the 2nd day in a row. The Korean government is also stepping in to save the situation as retail investors get caught up with margin trading and leveraged etfs. Even with companies reporting solid earnings, a soft gui - **Fattycat · 2026-07-29T11:29:43.000Z**: Gold is so bearish now. Pray for Fed dovish statement😆. Good for metal and stocks market 🤣 - **NewUser_Unm6i · 2026-07-29T09:28:49.000Z**: Amazing for Apple to briefly touched a $5 trillion market cap intraday. However, SanDisk is down due to oversupply, Hynix briefly fell, and Corning plunged. Surprisingly, Coca Cola and Boeing rose. Meta and BlackRock build data centre.Singapore Airlines reported net loss due to fuel cost. Hope the - **TheRaccoonAnalysis · 2026-07-29T09:22:52.000Z**: Tuesday’s trading reflected a rotation rather than broad market weakness. Strength in the Dow and S&P 500 suggested continued support for industrials and defensive sectors, while the Nasdaq lagged as semiconductor stocks came under pressure. The SOX index breaking below key support may indicate - **koolgal · 2026-07-29T07:32:21.000Z**: 🌟🌟🌟While the rest of the world watches the US market bleed red, Singapore stands tall. There is a quiet powerful pride in watching $STI ETF(ES3.SG)defy global gravity, anchored entirely by our 3 local banking giants - $DBS(D05.SG)$OCBC Bank(O39.SG)and $UOB(U11.SG).When tech volatility shakes global - **LazyCat · 2026-07-29T07:23:56.000Z · 👍 1**: currently Apple looks to be treated as a safer tech play amongst the MAG7, not having the same capex concerns like the others. This translates to it being a stable long term play (which is endorsed by the Buffet stock god). - **win win · 2026-07-29T07:17:14.000Z · 👍 1**: War on Iran has no sign of ending. now I understand that to defeat a country with war alone is very difficult especially if you are acting alone. Do you agree? - **Tiffany lover · 2026-07-29T06:39:23.000Z · 👍 1**: Coca-Cola US stocks jumped approximately 5-7%, hitting an all-time high, after second-quarter earnings exceeded expectations and guidance was raised. This marks its best sales growth in 17 years.This shows people that besides the increasingly powerful tech sector, traditional sectors like Coca-Cola, - **hectic · 2026-07-29T06:36:39.000Z · 👍 1**: i think yesterday’s market showed a clear split, AAPL pushing towards 5 trillion valuation while semis stayed under pressure tells me that investors are willing to pay for quality mega cap defensiveness but are less forgiving on chips. the earnings coming in the next few days will probably cause big - **dingdongbell · 2026-07-29T06:03:46.000Z · 👍 2**: The discount in AI tech stocks continue while stocks last. The same names that everyone raved about and buying when they were double the price now is being sold here. - **NewUser_CkrdqW · 2026-07-29T05:19:23.000Z · 👍 2**: Big tech earnings tonight after market with both Mag 7 companies Meta and Microsoft reporting. In my truthful opinion, I'm not having high expectations for both, especially with the former being known to spend generously on Capex while the latter has been struggling all year round with "Software - **Heroic Lifesaver · 2026-07-29T05:07:28.000Z · 👍 1**: The good news is that capital is not leaving the market, just rotating within. From high beta AI related names to more defensive ones like healthcare. And those still wanting to remain within tech are congregating in big tech names like Apple. - **Lemonade · 2026-07-29T05:05:00.000Z · 👍 2**: $Apple(AAPL.US) touching a $5 trillion market cap right before earnings shows huge investor faith. Yet, the chip sector sliding 4.5% shows growing nervousness about AI infrastructure spending. Tomorrow’s report is a massive reality check. Can Apple’s numbers justify this valuation, or is it pure hyp - **Victor y · 2026-07-29T04:39:21.000Z · 👍 2**: Big Tech remains resilient while semiconductor stocks consolidate after strong AI gains. This week's tech earnings and the Fed decision will determine whether the AI rally resumes or volatility persists.Apple's bullish momentum remains intact after briefly touching a $5 trillion market cap, with upc - **Vt3 · 2026-07-29T03:40:32.000Z · 👍 2**: Add - **Fattycat** (2026-07-29T05:09:36.000Z): Manage your risk 😁. I bought SK Hynix too. Small investment 🤭 - **Vt3** (2026-07-29T06:54:27.000Z): No worry for this at all just wait and see only 🆙⬆️ - **pohyc · 2026-07-29T03:38:21.000Z · 👍 2**: AAPL is prudent and investors like it: free cash flow $30b but allocating only $3.4b quarterly capex on AI infrastructure. - **Vt3 · 2026-07-29T03:34:14.000Z · 👍 2**: 🍎 remains a global tech powerhouse, blending innovation, strong brand loyalty, steady revenue streams, and resilience despite market volatility. Prices went up across its line of products. But still win. May be I will re enter but with my condition 😜 after my mindset has entirely changed after the f - **Jaces · 2026-07-29T03:34:04.000Z · 👍 2**: apple stock is the stock to buy as with their new phone launches, it will go up but will it sustain after review of users of the new phone. - **Valenxis · 2026-07-29T03:26:11.000Z · 👍 2**: i think AAPL all time high share price is sustainable. finally moving up. - **Fattycat** (2026-07-29T05:08:35.000Z): Apple is a strong brand and the management managed their figures too🤭. Seldom they disappoint the shareholders 😁. - **Fattycat · 2026-07-29T03:21:10.000Z · 👍 2**: Global funds are rotating out of memory stocks and flowing back into Hong Kong markets 🤣! Xiao mi jumped 8%🤭.Quick reminder: the Fed meeting kicks off tomorrow morning. please trade carefully. --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**