Top 5 Companies To Watch In Q3 For Stock Market Traders

What Happened

A record Nasdaq listing, a meme-fueled trading boom, and the largest corporate Bitcoin (BTC) holder selling its coins are set to define this quarter. These 5 companies across AI and crypto carry the stories investors will follow through September.

The slide has persisted despite the Nasdaq-100’s inclusion, a milestone that attracts passive investment flows from index-tracking funds. On Friday, it closed at a record low of $145.30, down 9.7% from its debut closing price.

Attention now turns to the company’s first earnings report as a public company. SpaceX has not announced a date, though analysts expect it in early August.

Robinhood grew from a retail trading app into a global brokerage with more than 27 million funded accounts. The company expanded its crypto business through the acquisition of Bitstamp and launched its own Layer-2, Robinhood Chain, in July.

Market Context

Each faces a key test this quarter, from debut earnings to defending market dominance. Here are the top 5 companies to watch.

Last week, SK Hynix made its Wall Street debut. The company began trading on Nasdaq on Friday, pricing its shares at $149 to raise over $26 billion in the largest foreign listing ever on a US exchange.

Despite the strong fundamentals, volatility has also been a defining feature. The company’s Seoul-listed shares fell 15.4% in a single session today.

Citi lifted its target to 3.1 million won in May, roughly 68% above the current price of 1.8 million won. Meanwhile, UBS told clients to buy the new US depositary receipts while selling the Seoul-traded stock.

Elon Musk’s SpaceX is an aerospace, connectivity, and artificial intelligence company, which absorbed xAI ahead of its market debut. The company went public in June with the biggest IPO on record.

SpaceX priced its shares at $135 and opened at $150 on June 12. The stock touched $225 in its first week before seeing a continuous drawdown.

The stock is down year to date amid a market downturn. Yet, it has gained significantly since May with a 51% rally.

Its DEX volumes and agentic AI push have also captured attention. Robinhood Chain DEX volume reached a record $893 million on July 11, per Dune data, driven by a renewed meme coin frenzy led by Cash Cat.

Why It Matters

Analysts remain firmly bullish. Goldman Sachs raised its 2028 operating profit forecasts for SK Hynix by 24% to 454 trillion won ($299.62 billion).

Details

1. SK Hynix (SKHY)

SK Hynix is South Korea’s second-most valuable company and the world’s leading supplier of high-bandwidth memory (HBM) chips. The company has emerged as one of the biggest beneficiaries of the AI infrastructure boom, with demand for its advanced memory chips continuing to outpace supply.

Last year, SK Hynix said its entire planned supply for 2026 had already been sold out, highlighting the strength of long-term AI demand. That momentum has helped propel its Seoul-listed shares by more than 180% year to date.

The ADRs debuted strongly, opening near $170, before closing their first session almost 13% higher.

How the stock trades through this quarter will be worth watching, especially after a notable decline following SpaceX’s record IPO.

2. SpaceX (SPCX)

Even so, at least six major brokerages, including Morgan Stanley, Goldman Sachs, and UBS, have initiated coverage with buy-equivalent ratings, Bloomberg reported.

Analysts are bullish but far apart. Morgan Stanley set a target at $300, roughly 106% above current levels, with a bull case of $600 and a bear case of $75.

RBC and Banco BTG Pactual both set $225 targets, UBS sits at $210, Goldman Sachs at $205, and Stifel at $190. Even the lowest of those implies about 31% upside from Friday’s close.

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3. Robinhood (HOOD)