Premarket watch: Apple, Amazon and Strategy set to report as chip stocks rally
A cluster of market-moving developments shaped U.S. premarket trading on July 30, with investors watching earnings, chip-sector momentum, interest-rate expectations and geopolitical tension at the same time. Apple is due to report fiscal third-quarter results for 2026 after the bell and will hold an earnings call, after recently reclaiming the top spot in global market value and briefly topping $5 trillion. Strategy is also scheduled to release second-quarter results, with close attention on both earnings and its Bitcoin holdings. Amazon will report second-quarter results later in the day, with investors focused on growth in its cloud unit, AWS. Elsewhere, semiconductor and memory names extended gains in premarket trading, led by Arm at 11%, while SanDisk and Western Digital rose more than 8%. JPMorgan moved up its forecast for the Federal Reserve’s first rate hike to December 2026 from the second half of 2027. In South Korea, regulators are said to be weighing a short-selling ban as an emergency response option for a sharp market decline. Developments in the Middle East also remained in focus after conflicting accounts from Iranian media and U.S. officials about military activity near the Iran-Iraq border and missile launches targeting U.S. forces in the region.








