IBM Results Drag Tech Sector, Financials Show Resilience, AI Chips See Bullish Outlook

1. US and European software company shares, including Microsoft, Infosys, Wipro, and Adobe, fell significantly following IBM's disappointing preliminary Q2 results.
2. Major US banks like Goldman Sachs and JPMorgan Chase reported Q2 2026 earnings that widely exceeded analyst expectations, indicating resilience in the financial sector.
3. KeyBanc significantly raised price targets for several leading AI chip companies such as Micron, Arm, Nvidia, AMD, and Intel, while other semiconductor stocks like SK Hynix and Tower Semiconductor also surged.