Storage stocks lead the semi rally as Trump administration officials look to steer Apple away from Chinese chips. The traders debate the health of the AI trade amid new commentary from leaders of OpenAI and Anthropic. Then, Vanda’s Jens Nordvig explains how prolonged dollar weakness could send gold prices surging. Plus, the countdown to Meta’s child safety trial, Nike stumbles to 12-year lows and how to trade home improvement stocks into earnings.<br><br>Fast Money Disclaimer<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Memory makes a comeback... And can gold reclaim $5k an ounce? 8/17/26

CNBC's "Fast Money"

Live from the Nasdaq Market Sight in the heart of New York City's Times Square, this is Fast Money. Here's what's on tap tonight. Making memories, storage stocks and rally mode today as the major players try to claw back to new records. What's behind the moves and what's the mean for the rest of the tech trade? And the latest test for Meta, a potentially blockbuster trial about to get underway in California. What's at stake for the social media giant and why the consequences could be astronomical. Plus, SpaceX shares get off the launch pad. Nike runs to nearly 12-year lows.

And retail gets ready to kick off its earnings season. What we can expect from Home Depot and Lowe's this week and the stories they could tell about the state of the consumer. I'm Melissa Lee. Come to you live from Studio B at the Nasdaq. On the desk tonight, Tim Seymour, Steve Grasso, Dan Nathan and Guy Adami. We start off with those big moves in the memory names. A round-hilled DRAM ETF jumping over 5%, hitting its highest level in more than a month. SanDisk, among the biggest winners, up almost 9%. It's sixth straight day of gains. U.S.-listed shares of SK Hynix posted their highest

close since July 21st. The latest rally coming after a report, U.S. Commerce Secretary Howard Lutnick is urging Apple not to buy chips from China. But will the demand be enough to drive these names back to new highs? It's amazing. It's like, go back to the memory names. Go back to the memory. Nothing shakes the investor.

Memory makes a comeback... And can gold reclaim $5k an ounce? 8/17/26

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Memory makes a comeback... And can gold reclaim $5k an ounce? 8/17/26

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.