🆕 Newsmakers — 10:30a ET, 2026-07-20 — new since last alert

📰 NEW MARKET THEMES: • An Extreme Energy Crack Spread And Two Warning Signs In Technology The 3-2-1 crack spread has reached an extreme, with important implications for inflation, Fed policy, gasoline prices, and refining stocks that recently broke out to all-time highs. IBM's historic 25% collapse demonstrates how rising memory costs and concentrated AI spending are… — seekingalpha.com · 07/20 10:20a https://seekingalpha.com/article/4923460-extreme-energy-crack-spread-two-warning-signs-technology • As the battle for AI supremacy intensifies, Trump White House reportedly contemplates a ban on Chinese models Not only do Chinese models perform many of the same tasks for a fraction of the cost of U.S. versions, their prospective flotations may dilute the appetite for mega-IPOs like Anthropic and OpenAI. — marketwatch.com · 07/20 9:44a https://www.marketwatch.com/story/as-the-battle-for-ai-supremacy-intensifies-trump-white-house-reportedly-contemplates-a-ban-on-chinese-models-c8d9a0a0 • Highwood Value Partners H1 2026 Portfolio Review Burford Capital's share price halved in the first half as the appeals court for the second circuit overturned the court's original judgement in favour of the YPF creditors. Borr is a net beneficiary of the increased risks in the Middle East and the damage already inflicted on in… — seekingalpha.com · 07/20 9:43a https://seekingalpha.com/article/4923441-highwood-value-partners-h1-2026-portfolio-review • Dow rises 140 points as chip stocks rebound ahead of Big Tech earnings US stocks opened higher on Monday as semiconductor stocks recovered from last week's selling, while investors awaited key earnings announcements in the week.  The Dow Jones Industrial Average rose 143 points, or 0.28%. — invezz.com · 07/20 9:39a https://invezz.com/news/2026/07/20/dow-rises-140-points-as-chip-stocks-rebound-ahead-of-big-tech-earnings/ • US Indices Forecasts – Technical Support Holds Despite Middle East Noise US indices continue to look supported on Monday, as the noise in the Middle East seems not to have caused much noise. — fxempire.com · 07/20 9:38a https://www.fxempire.com/forecasts/article/us-indices-forecasts-technical-support-holds-despite-middle-east-noise-1611507

🐘 NEW BIG-CAP MOVERS:

1. IREN +16% $39.01 (14B cap) IREN Stock Gets Much-Needed Data Center Revenue Boost IREN Ltd (NASDAQ:IREN) stock is up 16% to trade at $39.06, after the company hiked its 2026 year-end AI cloud annual recurring revenue (ARR) target to over $4 billion. — schaeffersresearch.com · 07/20 10:06a https://www.schaeffersresearch.com/content/news/2026/07/20/iren-stock-gets-much-needed-data-center-revenue-boost

2. SOXL +7% $144.60 (43B cap) AI-Driven Chip Rally Hits a Speed Bump: Buy the Dip in ETFs? AI chip stocks hit a sharp correction, but strong earnings and AI demand suggest the pullback may be a dip-buying opportunity for semiconductor ETFs. — zacks.com · 07/20 10:01a https://www.zacks.com/stock/news/2956121/ai-driven-chip-rally-hits-a-speed-bump-buy-the-dip-in-etfs?cid=CS-STOCKNEWSAPI-FT-etf_news_and_commentary-2956121

3. INTC +5% $99.32 (499B cap) Curious about Intel (INTC) Q2 Performance? Explore Wall Street Estimates for Key Metrics Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Intel (INTC), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2026. — zacks.com · 07/20 10:16a https://www.zacks.com/stock/news/2956220/curious-about-intel-intc-q2-performance-explore-wall-street-estimates-for-key-metrics?cid=CS-STOCKNEWSAPI-FT-fundamental_analysis|nfm_preview-2956220

4. MU +4% $880.94 (995B cap) AI-Driven Chip Rally Hits a Speed Bump: Buy the Dip in ETFs? AI chip stocks hit a sharp correction, but strong earnings and AI demand suggest the pullback may be a dip-buying opportunity for semiconductor ETFs. — zacks.com · 07/20 10:01a https://www.zacks.com/stock/news/2956121/ai-driven-chip-rally-hits-a-speed-bump-buy-the-dip-in-etfs?cid=CS-STOCKNEWSAPI-FT-etf_news_and_commentary-2956121

5. SKHY +2% $157.55 (1141B cap) TSMC, SK Hynix, NVIDIA: Only 1 Chip Stock is a Screaming Buy Amid the Semi Meltdown The semiconductor trade looks all but over, with investors rushing to take profits across a wide range of names that have led the broad tech sector higher through the year. — 247wallst.com · 07/20 9:36a https://247wallst.com/investing/2026/07/20/tsmc-sk-hynix-nvidia-only-1-chip-stock-is-a-screaming-buy-amid-the-semi-meltdown/

📈 NEW GAINERS:

1. IREN +16% $38.97 (14B cap) IREN Stock Gets Much-Needed Data Center Revenue Boost IREN Ltd (NASDAQ:IREN) stock is up 16% to trade at $39.06, after the company hiked its 2026 year-end AI cloud annual recurring revenue (ARR) target to over $4 billion. — schaeffersresearch.com · 07/20 10:06a https://www.schaeffersresearch.com/content/news/2026/07/20/iren-stock-gets-much-needed-data-center-revenue-boost

2. CIFR +14% $20.07 (8.2B cap) (no fresh news today — likely technical / low-coverage move)

3. HUT +13% $103.19 (12B cap) IREN Lifts AI Cloud Revenue Target; Hut 8 Lands $9.8 Billion Deal IREN lifts cloud revenue forecast, as it upgrades contracts with AI leaders. Hut 8 lands a new $9.8 billion deal, with room to grow. — investors.com · 07/20 9:09a https://www.investors.com/news/iren-hut8-ai-cloud-data-center-contract-lease-deals-iren-stock-hut-neocloud/

4. NUVB +11% $6.46 (2.2B cap) Nuvation Bio Announces Positive Updated Phase 2 Data and Expansion of Safusidenib Clinical Program with Two New Studies to Explore Broad Spectrum of IDH1-Mutant Glioma Updated data from Phase 2 study show confirmed objective response rate of 52% and 36-month progression-free survival rate of 79% with nearly 40 months of follow-up New Phase 3 study to evaluate safusidenib in newly diagnosed grade 2 glioma patients outside the U.S. New Phase 2 s… — prnewswire.com · 07/20 8:00a https://www.prnewswire.com/news-releases/nuvation-bio-announces-positive-updated-phase-2-data-and-expansion-of-safusidenib-clinical-program-with-two-new-studies-to-explore-broad-spectrum-of-idh1-mutant-glioma-302828874.html

5. CLSK +11% $14.41 (3.7B cap) (no fresh news today — likely technical / low-coverage move)

6. XNCR +10% $19.25 (1.4B cap) Xencor (XNCR) Soars 16.9%: Is Further Upside Left in the Stock? Xencor (XNCR) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term. — zacks.com · 07/20 8:31a https://www.zacks.com/stock/news/2956079/xencor-xncr-soars-16-9-is-further-upside-left-in-the-stock?cid=CS-STOCKNEWSAPI-FT-tale_of_the_tape|daily_price_change_5%-2956079

— new items only (already-sent headlines filtered). Full list in the 10am/3pm digest.