The three major U.S. stock indexes collectively closed higher, storage concept stocks soared, and SK Hynix rose more than 27%
On Tuesday Eastern Time, the three major U.S. stock indexes collectively closed higher. As of the close, the Dow rose 0.02%, the Nasdaq rose 0.9%, and the S&P 500 rose 0.38%.
On Tuesday Eastern Time, the three major U.S. stock indexes collectively closed higher. As of the close, the Dow rose 0.02%, the Nasdaq rose 0.9%, and the S&P 500 rose 0.38%. Most large technology stocks rose, and storage concept stocks rose sharply. SK Hynix rose by more than 27%, SanDisk rose by more than 5%, Micron Technology rose by nearly 5%, and Nvidia rose by more than 4%. Semiconductors, cryptocurrency concept stocks, computer hardware, metals and mining sectors all rose. Conte Technology rose by more than 9%, Dell Technology rose by more than 7%, Strategy rose by nearly 6%, Quantum and Southern Copper rose by more than 4%, Silver America Corporation rose by nearly 4%, Applied Materials rose by more than 3%, ASML and Coinbase rose by more than 2%. Medical equipment and weight loss drugs fell, with Abbott falling more than 3% and Eli Lilly falling more than 2%. IBM closed down 25.21%, the largest single-day decline in the company's 115-year history, with a turnover of US$14.663 billion and a market value of US$69 billion evaporated. Prior to this, the company's largest single-day decline in history occurred on "Black Monday" on October 19, 1987, when it closed down 23.7% that day. The Nasdaq China Golden Dragon Index closed down 0.11%. Popular Chinese concept stocks had mixed gains and losses. Baidu fell more than 3%, NetEase and GDS fell more than 2%, and Xpeng Group rose more than 3%. US inflation cools down! For the first time in six years, the month-on-month "negative CPI" appears, and the Fed's interest rate hike expectations are reduced On the evening of July 14, the United States released CPI data for June. Data show that the U.S. consumer price index (CPI) increased by 3.5% year-on-year in June, with an expected increase of 3.8% and the previous value of 4.2%. The U.S. CPI fell by 0.4% month-on-month in June, and was expected to fall by 0.1%. The previous value was an increase of 0.5%. The decline exceeded expectations. It was the first month-on-month "negative CPI" in six years. Trump announces resumption of naval blockade on Iran, China expresses its position On July 14, Foreign Ministry Spokesperson Lin Jian hosted a regular press conference. A foreign media reporter asked: U.S. President Trump announced the restoration of a naval blockade against Iran, but China had previously expressed opposition to this. Is China willing to take specific measures to deal with this situation? If so, what actions will China take? Trump wants to collect "protection fees" in the Strait of Hormuz? "Our own people" spoke out against it On Monday local time, after US President Trump demanded that ships passing through the Strait of Hormuz pay protection fees, the International Maritime Organization, a subsidiary of the United Nations, stated that the organization opposed the collection of tolls in the Strait of Hormuz because it has no legal basis. What’s even more ironic is that just last month, when US Secretary of State Rubio threatened to oppose Iran’s imposition of transit fees in the Strait of Hormuz, he also stated that it is absolutely unfeasible to impose transit fees in the Strait of Hormuz. Now it's Trump's turn to charge. Will the Fed raise interest rates in July? The probability increases to nearly 50%, changes in Hormuz rewrite the interest rate script Although futures market traders and prediction markets still expect the Fed to remain on hold at its July meeting with a high probability, judging from the latest developments, whether to raise interest rates at this month's meeting has become extremely suspenseful. On Monday, market expectations for the Federal Reserve to raise interest rates increased significantly. U.S. chip stocks fluctuate at high levels, where will the market outlook go? Wall Street warning: More volatility is on the way! U.S. chip stocks had a difficult start in July and fell into a volatile trend, triggering market concerns about whether the AI-driven semiconductor rally has come to an end. Analysts believe that although investment banks have raised the target prices of chip stocks, after experiencing previous crazy rises, facing multiple tests such as high valuations of chip stocks, continued doubts about the AI capital expenditure boom, and expected slowdown in profit growth, the semiconductor sector may face more fluctuations in the future. Memory prices rise, cold market: Global smartphone Q2 shipments fell to the lowest level in the same period since 2013 Rising memory prices are severely suppressing demand in the consumer electronics market. Counterpoint reported that global smartphone shipments plunged 11% in the second quarter, falling to the lowest level in the same period since 2013. Analysts attributed the decline entirely to rising prices for DRAM and NAND chips. Memory makers have largely shifted to manufacturing memory that supports artificial intelligence computing, leading to reduced supply of components for consumer electronics devices such as smartphones and personal computers.
Apple sues OpenAI for stealing secrets? Musk mocks: Altman takes "fraud" to a new level After the legal dispute between Apple and OpenAI, OpenAI CEO Sam Altman's "old enemy" and SpaceX and Tesla CEO Musk also quickly joined the "battlefield" and launched a fierce "verbal attack" on Altman, accusing the latter of taking "fraud to a new level." Samsung is said to have completed tape-out of Tesla AI5 chip and will use 2nm process Tesla's AI5 autopilot chip has made major progress. Samsung is reported to have completed tape-out and is preparing to start production using a 2-nanometer process at its foundry in Texas, USA. This news originally came from James Kim, chief engineer of Samsung's wafer foundry. He posted on LinkedIn that the Tesla AI5 chip has completed tape-out and will be produced using Samsung's latest 2-nanometer process. But he later deleted the post. The demand for computing power is still strong! Meta plans to expand its largest data center project with additional investment of tens of billions of dollars Technology giant Meta has used a series of actions to prove that the company’s demand for computing power is still strong. On July 13, local time, Meta announced that the company’s data center project in Richland Parish, Louisiana, USA, will be expanded into a facility with a capacity of 5 gigawatts (GW) at a cost of over US$50 billion. The supercluster project, called Hyperion, is expected to reach a scale of 2 GW in 2030, and a specific timetable for reaching the full 5 GW scale has not yet been announced. Capacity expansion is just a picture. SK Hynix may only be able to complete one-sixth of its 2028 commitment. The latest report from Bank of America pointed out that the market is overly optimistic about the expansion commitment of the memory giant. In response to South Korean President Lee Jae-myung's slogan of doubling production capacity by 2030, Bank of America estimates that excluding the closure of old factories due to technology upgrades and the loss of production capacity caused by the transition to more advanced processes, the actual annual expansion rate will be less than 10%, and will be far less than the doubling level by 2030. Leveraged ETF prices of South Korea's storage duo are jumping up and down. The government will meet on Thursday to discuss countermeasures The recent plunge in leveraged products tracking South Korea's core chip stocks has had a huge impact on South Korea's stock market and financial markets. The South Korean government's multi-department joint coordination mechanism will hold a special meeting on Thursday to discuss the risks and countermeasures. Data compiled by the industry show that the current prices of a dozen leveraged open-end index funds (ETFs) tracking Samsung Electronics and SK Hynix that were listed in late May have almost halved.
Apple sues OpenAI for stealing secrets? Musk mocks: Altman takes "fraud" to a new level After the legal dispute between Apple and OpenAI, OpenAI CEO Sam Altman's "old enemy" and SpaceX and Tesla CEO Musk also quickly joined the "battlefield" and launched a fierce "verbal attack" on Altman, accusing the latter of taking "fraud to a new level." Samsung is said to have completed tape-out of Tesla AI5 chip and will use 2nm process Tesla's AI5 autopilot chip has made major progress. Samsung is reported to have completed tape-out and is preparing to start production using a 2-nanometer process at its foundry in Texas, USA. This news originally came from James Kim, chief engineer of Samsung's wafer foundry. He posted on LinkedIn that the Tesla AI5 chip has completed tape-out and will be produced using Samsung's latest 2-nanometer process. But he later deleted the post. The demand for computing power is still strong! Meta plans to expand its largest data center project with additional investment of tens of billions of dollars Technology giant Meta has used a series of actions to prove that the company’s demand for computing power is still strong. On July 13, local time, Meta announced that the company’s data center project in Richland Parish, Louisiana, USA, will be expanded into a facility with a capacity of 5 gigawatts (GW) at a cost of over US$50 billion. The supercluster project, called Hyperion, is expected to reach a scale of 2 GW in 2030, and a specific timetable for reaching the full 5 GW scale has not yet been announced. Capacity expansion is just a picture. SK Hynix may only be able to complete one-sixth of its 2028 commitment. The latest report from Bank of America pointed out that the market is overly optimistic about the expansion commitment of the memory giant. In response to South Korean President Lee Jae-myung's slogan of doubling production capacity by 2030, Bank of America estimates that excluding the closure of old factories due to technology upgrades and the loss of production capacity caused by the transition to more advanced processes, the actual annual expansion rate will be less than 10%, and will be far less than the doubling level by 2030. Leveraged ETF prices of South Korea's storage duo are jumping up and down. The government will meet on Thursday to discuss countermeasures The recent plunge in leveraged products tracking South Korea's core chip stocks has had a huge impact on South Korea's stock market and financial markets. The South Korean government's multi-department joint coordination mechanism will hold a special meeting on Thursday to discuss the risks and countermeasures. Data compiled by the industry show that the current prices of a dozen leveraged open-end index funds (ETFs) tracking Samsung Electronics and SK Hynix that were listed in late May have almost halved.