Cooling inflation boosts market sentiment, and AI transactions pick up across the board; Trump revokes strait transit fees, and the United States resumes blocking Iranian ports
Cooling inflation has boosted market sentiment, and AI transactions have picked up across the board; Trump has revoked strait transit fees, and the United States has resumed blocking Iranian ports; DeepSeek is rumored to be preparing to submit an IPO application as early as this year.
Abstract: Cooling inflation has boosted market sentiment, and AI transactions have picked up across the board; Trump has revoked strait transit fees, and the United States has resumed blocking Iranian ports; DeepSeek is said to be preparing to submit an IPO application as early as this year. U.S. stock market: The three major U.S. stock indexes closed higher on July 14. As of the close, the Dow Jones Industrial Average rose 9.63 points from the previous trading day to close at 52508.27 points, an increase of 0.02%; the S&P 500 stock index rose 28.25 points to close at 7543.59 points, an increase of 0.38%; the Nasdaq Composite Index rose 233.83 points to close at 26107.01 points, an increase of 0.9%. Most large technology stocks rose. Nvidia and Intel rose by more than 4%, ASML and AMD rose by more than 2%, Google rose by nearly 2%, Qualcomm fell by more than 3%, and Arm fell by nearly 6%. Storage concept stocks surged, with SK Hynix rising over 27% and closing at a 51% premium to Korean listed stocks, SanDisk rising over 5%, and Micron Technology rising nearly 5%. 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%, American Silver Company rose by nearly 4%, Applied Materials rose by more than 3%, 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%, evaporating nearly $70 billion in market value. Popular Chinese concept stocks had mixed gains and losses, with the Nasdaq China Golden Dragon Index falling 0.11%. Xpeng Group rose by more than 3%, iQiyi and Li Auto rose by more than 2%, Weilai rose by more than 1%, NetEase fell by more than 2%, and Baidu fell by more than 3%. European stock market: All three major European stock indexes rose on July 14. The Financial Times' average price index of 100 stocks in the London stock market closed at 10529.39 points, up 31.1 points or 0.3% from the previous trading day; the CAC40 index in the Paris stock market in France closed at 836 6.85 points, an increase of 2.2 points, or 0.03%, from the previous trading day; the DAX index of the Frankfurt stock market in Germany closed at 25147.03 points, an increase of 32.78 points, or 0.13%, from the previous trading day. Commodity market: International oil prices rose on July 14. As of the close of the day, the continuous contract of WTI crude oil futures on the New York Mercantile Exchange rose by $1.69 to close at $79.83 per barrel, an increase of 2.16%. The continuous contract of COMEX gold futures for the month rose by US$52.60, or 1.31%, to US$4,058.3 per ounce. The continuous contract of COMEX silver futures for the month rose by US$1.07, or 1.84%, to US$59.04 per ounce. Spot gold rose $51.83, or 1.30%, to $4,052.96 per ounce. Spot silver rose $1.05, or 1.82%, to $58.71 per ounce. U.S. CPI growth fell back to 3.5% year-on-year in June, with cooling inflation boosting market sentiment Data released by the U.S. Bureau of Labor Statistics showed that the Consumer Price Index (CPI) rose by 3.5% year-on-year in June, a decline from the sustained upward trend in previous months and lower than market expectations. The data boosted market expectations that the Federal Reserve may not need to raise interest rates further. Affected by this, the three major U.S. stock indexes all closed higher on Tuesday. However, analysts pointed out that the inflation level of 3.5% is still significantly higher than the Fed's long-term target of 2%, and the outlook for monetary policy remains uncertain. The latest estimates from the Social Security Administration show that the Social Security annual cost of living adjustment (COLA) in 2027 may be between 3.7% and 3.8%, reflecting that although inflation has cooled, it is still at a high level. Warsh reiterated his commitment to the 2% inflation target, emphasized the independence of monetary policy, and did not hint at the interest rate path.
According to CNBC, Federal Reserve Chairman nominee Kevin Warsh gave his first public testimony at a congressional hearing on Tuesday, promising to promote "system changes" in monetary policy and eliminate the "hidden tax burden" caused by inflation on the American people. Warsh said that even in the face of criticism from the president, he would "act based on the data" and emphasized that the cooling of CPI in June does not mean that the inflation problem has been solved. According to analysis by Nick Timiraos, reporter of "New Federal Reserve News Service", Warsh demonstrated a zero-tolerance stance on high inflation during the hearing, but deliberately avoided specific hints on the future path of interest rates, which left a large space for interpretation of market expectations. Warsh also expressed his commitment to improving the transparency and predictability of the Fed's policy framework. Trump revokes 20% transit fee in Strait of Hormuz, while US resumes blockade of Iranian ports According to CNBC, U.S. President Trump announced on Tuesday that the ceasefire between the United States and Iran has ended, and the U.S. military immediately launched a new round of air strikes against Iran near the Strait of Hormuz. At the same time, Trump’s previously proposed plan to impose a 20% toll on the Strait of Hormuz has been withdrawn. Trump said the United States would be a "guardian" of the vital waterway - through which about 20% of the world's oil shipments pass. Iran is trying to prevent oil tankers from passing a U.S.-designated route, opening fire on ships approaching the Omani coast. In response, U.S. Central Command launched a three-day strike against Iranian targets near the strait. "Through in-depth conversations with leaders in the Middle East, I have decided to replace the 20% U.S. fee reimbursement mechanism with a trade and investment agreement between the Gulf countries and the United States," Trump posted on Truth Social on Tuesday. Trump said the attack on Iran will continue "until I say 'enough'." He also said that he would save the attack on Iran's energy facilities until the end. In addition, Trump said that the United States held talks with Iran that day and the United States urged Iran to reach an agreement. So far, Iran has not responded to this. U.S. Treasury Department: Overseas U.S. bond holdings rebounded in May, reaching the second highest level in history Data released by the U.S. Treasury Department on Tuesday showed that U.S. Treasury bonds held by overseas investors increased by $18.5 billion in May from April, reaching $9.37 trillion, the second highest level in history. U.S. Treasury holdings increased by $3.9 billion in the previous month. Canada led the way with a US$38.7 billion increase in positions, followed by a US$11.1 billion increase in UK positions and a US$8.2 billion increase in mainland China's positions. However, Japan's positions, the largest holder, decreased by US$66.8 billion. The market generally linked this to Japan's intervention in the foreign exchange market and the sale of US debt in exchange for funds. DeepSeek is preparing to submit an IPO application as early as this year According to Bloomberg, Hangzhou-based DeepSeek has begun preparations for listing in the mainland and plans to submit a listing application this year so that it can be listed in 2027. One of them also said the startup is currently in talks with accounting and banking advisers. DeepSeek has begun talks with new investors for a new funding round, aiming to increase its pre-money valuation to at least 480 billion yuan ($71 billion). Institutions participating in the investment include well-known companies such as Tencent Holdings (00700.HK) and CATL (03750.HK). According to relevant sources, DeepSeek hopes to raise at least another 10 billion yuan in funding. However, the final financing amount may be higher, depending on the number of institutions participating in the investment. OpenAI plans to launch its first hardware product - a home smart speaker According to reports, OpenAI is developing a home smart speaker as its first own hardware product, which is scheduled to be released next year. This product will integrate OpenAI’s large language model capabilities and aims to enter the consumer smart home market. However, Apple's lawsuit against OpenAI may interfere with the product's release schedule. This marks an important extension of OpenAI from pure software and API services to the field of hardware terminals, and will also bring it into direct competition with existing smart speaker products such as Amazon Echo and Apple HomePod.
The United States and the United Kingdom join forces to promote regulatory cooperation on stablecoins, and the Trump administration accelerates the digital layout of the U.S. dollar The United States and the United Kingdom have joined forces to promote a transatlantic regulatory framework for stablecoins and issued a series of policy recommendations aimed at establishing a clear path and eliminating regulatory barriers for the issuance of stablecoins in both countries. Relevant initiatives originate from the "Transatlantic Working Group on Future Markets" established in September last year, covering cross-border tokenized asset testing, regulatory coordination and review of bank crypto asset capital treatment. U.S. Treasury Secretary Bessent said the relevant measures reflected the two countries' "shared commitment to promoting economic growth and promoting global standards that reward innovation and competition." This cooperation is the latest move by the Trump administration in the United States to vigorously support stablecoin policies. Trump signed the "Genius Act" in July 2025, officially establishing a regulatory framework for the development of stablecoins in the United States. Changxin Technology’s issuance price is 8.66 yuan/share Changxin Technology (688825.SH) announced the IPO price of the company's Science and Technology Innovation Board at 8.66 yuan per share. Before Changxin Technology exercised its over-allotment option, the total post-issuance share capital was 66,880,886,077 shares. Based on this calculation, Changxin Technology’s market value would be 579.188 billion yuan. If successfully listed, Changxin’s market value would rank 28th in the A-share market. SK Hynix’s U.S. stock surged 27%, with a premium of more than 45% over South Korea’s underlying stocks, and ADR options were officially listed for trading. The share price of SK Hynix (SKHY.US) rose by more than 27% to US$193.92 per share, a new high since its listing, with a premium of more than 45% over South Korea's underlying stocks. The current total market value is US$1.36 trillion. The direct trigger for the rise was the release of a report titled "Staying Greedy When Others Are Fearful" by top research institution SemiAnalysis, which was clearly bullish on SK Hynix. SK Hynix American Depositary Receipt (ADR) options officially began trading on the U.S. Options Exchange on Tuesday, providing investors in the world's largest derivatives market with a new tool to participate in the volatile market conditions of the leading AI memory chip company. Daniel Kirsch, head of options business at Piper Sandler, said that investors are expected to focus on short-term trading opportunities as SK Hynix ADR continues to rise this week. As of press time, SK Hynix's Korean stock price rose more than 10% in early trading. Nvidia and Mitsubishi Heavy Industries plan to cooperate in AI data center cooling and power fields According to Nikkei, Nvidia (NVDA.US) is considering establishing a partnership with Mitsubishi Heavy Industries (7011.JP), which is expected to provide cooling systems and energy management equipment for AI data centers. Nvidia calls its next-generation AI data center an "AI factory" and plans to build related facilities with global partners. In Japan, South Korea's SK Group is cooperating with Nvidia and plans to build an AI factory from 2028 to 2029. Mitsubishi Heavy Industries produces air conditioning, high-efficiency cooling equipment and emergency power supply equipment required for data centers, and provides energy management systems that integrate the above technologies. Apple evaluates AI model compression technology: 27 billion parameter large model can be run directly on iPhone, paving the way for Siri upgrade Apple (AAPL.US) is in early discussions with Silicon Valley startup PrismML, which claims to be able to compress large AI models to run natively on the iPhone. If the technical verification is passed, this move will strengthen Apple's privacy proposition and provide key support for its long-delayed Siri upgrade. PrismML CEO said Apple has begun evaluating its technology. The negotiations are currently at a very early stage and the direction is not yet clear, but they are "progressing smoothly." The news comes just a day after Apple launched the public beta of iOS 27 - the first widespread test open to the public after Apple's overhaul of Siri, designed to compete with AI assistants from OpenAI and Anthropic. For Apple, keeping more AI computing locally on the device means lower response latency, less cloud computing costs, and the ability to use some functions without being connected to the Internet—all of which are highly consistent with its core privacy positioning. Lucid denies rumors of considering going private or filing for bankruptcy
U.S. electric car maker Lucid Group (LCID.US) denied a report in a blog post on Tuesday local time, saying it was "completely untrue" that the company was considering a privatization transaction or filing for Chapter 11 bankruptcy protection. During the U.S. stock market, the company's stock price once plummeted by more than 50%, the largest one-day drop since its listing. However, after the company denied rumors of privatization or bankruptcy, the stock price decline eventually narrowed to 16%. Lucid stated in a statement that as the company's recently released quarterly documents show, the company has sufficient liquidity to support operations for a long time next year; the company's board of directors has not established a special committee to evaluate the above-mentioned rumored plan. At the same time, corporate restructuring consultant AlixPartners is currently helping Lucid improve execution efficiency and operational performance, rather than recommending that the company file for bankruptcy. Buffett plans to 'clear out' Berkshire Hathaway stock On Tuesday local time, the legendary American "stock god" Buffett announced that he plans to completely dispose of his remaining Berkshire Hathaway shares in the next eight years. Buffett, who will celebrate his 96th birthday next month, currently holds more than $140 billion in Berkshire shares. According to Berkshire's announcement, Buffett converted 8,000 shares of Berkshire-A (BRK.A.US) into 12 million shares of Berkshire-B (BRK.B.US) on Tuesday, then donated 9 million shares to a charity named after his late first wife, Susan Thompson Buffett, and donated 1 million shares to each of his three children's foundations. The total market value is slightly more than 5.9 billion US dollars. Anthropic launches teacher version of Claude, Stride stock price falls under pressure AI giants have entered the K-12 education market, disrupting the education technology sector. On July 14, Anthropic announced the launch of Claude for Teachers, opening its advanced AI capabilities to K-12 in-service teachers in the United States for free, directly impacting the core business of educational technology company Stride (LRN.US) and triggering market concerns about the latter's competitive position. After the news was announced, Stride's stock price fell as much as 7.7% intraday, and finally closed down about 5.6% to $86.88, the largest single-day drop since June 15 this year, when the stock fell 14.5% due to the loss of a contract with a school district in Texas. IBM's record plunge, Goldman Sachs warns: AI capital expenditures turn to a "software bear market" IBM Corp (IBM.US) issued a surprising second-quarter performance warning on Tuesday, and its stock price hit its largest one-day drop on record. This triggered deep market concerns about the large-scale shift of enterprise IT budgets to AI infrastructure and the squeeze on traditional software and service spending. Goldman Sachs directly stated in its first research report that the IBM incident "will fully confirm the software bear market scenario" and predicted that there will be "quite widespread" downward pressure on software and services. Goldman Sachs analyst James Schneider also pointed out that the weakness in IBM's Data & Automation software business is partly due to the company's internal execution problems, and said that he will not adjust the valuation model until next week's earnings call and management provides further explanations on 2026 guidance and response measures. Southbound Fund Tracking｜Net purchases of nearly 11 billion Hong Kong dollars continue to increase Zhipu positions and NetEase outflows from Meituan Data shows that the transaction volume of southbound funds yesterday was approximately HK$128.972 billion, a slight increase of approximately HK$1.7 billion from the previous day; approximately 41.22% of the total transaction volume of the Hang Seng Index, accounting for more than 40%. Hong Kong stocks fluctuated widely yesterday, with the Hang Seng Index rising higher in the afternoon. Southbound funds’ net purchases were approximately HK$10.997 billion. Among them, the net inflow of Shanghai-Hong Kong Stock Connect was approximately HK$8.205 billion, while the net inflow of Shenzhen-Hong Kong Stock Connect was approximately HK$2.792 billion. In terms of trend, southbound funds have seen net outflows on only one day in the past eight trading days, with a cumulative purchase of HK$63.228 billion during the period. In terms of individual stocks, exchange data showed that southbound funds yesterday
Substantial net purchases: Zhipu (02513.HK) HK$2.989 billion; NetEase (09999.HK) HK$2.870 billion; Kuaishou-W (01024.HK) HK$1.460 billion Yuan; GigaDevice (03986.HK) HK$810 million; YOFC Optical Fiber and Cable (06869.HK) HK$602 million; Semiconductor Manufacturing International Corporation (00981.HK) HK$553 million. Significant net outflows: Meituan-W (03690.HK) HK$558 million; Kingboard Laminated Board (01888.HK) HK$273 million. Zhipu fell 2.74% yesterday, with funds adding 5.87 million shares in the first five days, and short-term inflows continued to accelerate. NetEase fell 2.51% yesterday, with funds adding 5.88 million shares in the first five days, maintaining short-term inflows. GigaDevice rose 9.54% yesterday, with funds adding 2,500 shares in the first five days, and short-term reflows are still the main focus. Kuaishou-W rose 0.46% yesterday, with funds adding 22.35 million shares in the first five days, and short-term inflows continued. YOFC Optical Fiber and Cable rose 10.16% yesterday, and funds reduced their holdings by 15.64 million shares in the past five days, with outflows still the main issue. SMIC closed flat yesterday. Funds reduced their holdings by 12.01 million shares in the first five days, but have returned to the market in the past two days. Meituan-W rose 1.60% yesterday, with funds adding 7.64 million shares in the first five days, but short-term inflows slowed down again. Kingboard Laminated Board rose 14.20% yesterday. Funds reduced their holdings by 40.11 million shares in the past five days, and short-term outflows dominated. Note: Due to the T+2 settlement of the Hong Kong Stock Exchange, the actual positions are the data of the last 5 trading days as of two trading days ago. China Life (02628): The mid-term net profit is expected.
According to CNBC, Federal Reserve Chairman nominee Kevin Warsh gave his first public testimony at a congressional hearing on Tuesday, promising to promote "system changes" in monetary policy and eliminate the "hidden tax burden" caused by inflation on the American people. Warsh said that even in the face of criticism from the president, he would "act based on the data" and emphasized that the cooling of CPI in June does not mean that the inflation problem has been solved. According to analysis by Nick Timiraos, reporter of "New Federal Reserve News Service", Warsh demonstrated a zero-tolerance stance on high inflation during the hearing, but deliberately avoided specific hints on the future path of interest rates, which left a large space for interpretation of market expectations. Warsh also expressed his commitment to improving the transparency and predictability of the Fed's policy framework. Trump revokes 20% transit fee in Strait of Hormuz, while US resumes blockade of Iranian ports According to CNBC, U.S. President Trump announced on Tuesday that the ceasefire between the United States and Iran has ended, and the U.S. military immediately launched a new round of air strikes against Iran near the Strait of Hormuz. At the same time, Trump’s previously proposed plan to impose a 20% toll on the Strait of Hormuz has been withdrawn. Trump said the United States would be a "guardian" of the vital waterway - through which about 20% of the world's oil shipments pass. Iran is trying to prevent oil tankers from passing a U.S.-designated route, opening fire on ships approaching the Omani coast. In response, U.S. Central Command launched a three-day strike against Iranian targets near the strait. "Through in-depth conversations with leaders in the Middle East, I have decided to replace the 20% U.S. fee reimbursement mechanism with a trade and investment agreement between the Gulf countries and the United States," Trump posted on Truth Social on Tuesday. Trump said the attack on Iran will continue "until I say 'enough'." He also said that he would save the attack on Iran's energy facilities until the end. In addition, Trump said that the United States held talks with Iran that day and the United States urged Iran to reach an agreement. So far, Iran has not responded to this. U.S. Treasury Department: Overseas U.S. bond holdings rebounded in May, reaching the second highest level in history Data released by the U.S. Treasury Department on Tuesday showed that U.S. Treasury bonds held by overseas investors increased by $18.5 billion in May from April, reaching $9.37 trillion, the second highest level in history. U.S. Treasury holdings increased by $3.9 billion in the previous month. Canada led the way with a US$38.7 billion increase in positions, followed by a US$11.1 billion increase in UK positions and a US$8.2 billion increase in mainland China's positions. However, Japan's positions, the largest holder, decreased by US$66.8 billion. The market generally linked this to Japan's intervention in the foreign exchange market and the sale of US debt in exchange for funds. DeepSeek is preparing to submit an IPO application as early as this year According to Bloomberg, Hangzhou-based DeepSeek has begun preparations for listing in the mainland and plans to submit a listing application this year so that it can be listed in 2027. One of them also said the startup is currently in talks with accounting and banking advisers. DeepSeek has begun talks with new investors for a new funding round, aiming to increase its pre-money valuation to at least 480 billion yuan ($71 billion). Institutions participating in the investment include well-known companies such as Tencent Holdings (00700.HK) and CATL (03750.HK). According to relevant sources, DeepSeek hopes to raise at least another 10 billion yuan in funding. However, the final financing amount may be higher, depending on the number of institutions participating in the investment. OpenAI plans to launch its first hardware product - a home smart speaker According to reports, OpenAI is developing a home smart speaker as its first own hardware product, which is scheduled to be released next year. This product will integrate OpenAI’s large language model capabilities and aims to enter the consumer smart home market. However, Apple's lawsuit against OpenAI may interfere with the product's release schedule. This marks an important extension of OpenAI from pure software and API services to the field of hardware terminals, and will also bring it into direct competition with existing smart speaker products such as Amazon Echo and Apple HomePod.
The United States and the United Kingdom join forces to promote regulatory cooperation on stablecoins, and the Trump administration accelerates the digital layout of the U.S. dollar The United States and the United Kingdom have joined forces to promote a transatlantic regulatory framework for stablecoins and issued a series of policy recommendations aimed at establishing a clear path and eliminating regulatory barriers for the issuance of stablecoins in both countries. Relevant initiatives originate from the "Transatlantic Working Group on Future Markets" established in September last year, covering cross-border tokenized asset testing, regulatory coordination and review of bank crypto asset capital treatment. U.S. Treasury Secretary Bessent said the relevant measures reflected the two countries' "shared commitment to promoting economic growth and promoting global standards that reward innovation and competition." This cooperation is the latest move by the Trump administration in the United States to vigorously support stablecoin policies. Trump signed the "Genius Act" in July 2025, officially establishing a regulatory framework for the development of stablecoins in the United States. Changxin Technology’s issuance price is 8.66 yuan/share Changxin Technology (688825.SH) announced the IPO price of the company's Science and Technology Innovation Board at 8.66 yuan per share. Before Changxin Technology exercised its over-allotment option, the total post-issuance share capital was 66,880,886,077 shares. Based on this calculation, Changxin Technology’s market value would be 579.188 billion yuan. If successfully listed, Changxin’s market value would rank 28th in the A-share market. SK Hynix’s U.S. stock surged 27%, with a premium of more than 45% over South Korea’s underlying stocks, and ADR options were officially listed for trading. The share price of SK Hynix (SKHY.US) rose by more than 27% to US$193.92 per share, a new high since its listing, with a premium of more than 45% over South Korea's underlying stocks. The current total market value is US$1.36 trillion. The direct trigger for the rise was the release of a report titled "Staying Greedy When Others Are Fearful" by top research institution SemiAnalysis, which was clearly bullish on SK Hynix. SK Hynix American Depositary Receipt (ADR) options officially began trading on the U.S. Options Exchange on Tuesday, providing investors in the world's largest derivatives market with a new tool to participate in the volatile market conditions of the leading AI memory chip company. Daniel Kirsch, head of options business at Piper Sandler, said that investors are expected to focus on short-term trading opportunities as SK Hynix ADR continues to rise this week. As of press time, SK Hynix's Korean stock price rose more than 10% in early trading. Nvidia and Mitsubishi Heavy Industries plan to cooperate in AI data center cooling and power fields According to Nikkei, Nvidia (NVDA.US) is considering establishing a partnership with Mitsubishi Heavy Industries (7011.JP), which is expected to provide cooling systems and energy management equipment for AI data centers. Nvidia calls its next-generation AI data center an "AI factory" and plans to build related facilities with global partners. In Japan, South Korea's SK Group is cooperating with Nvidia and plans to build an AI factory from 2028 to 2029. Mitsubishi Heavy Industries produces air conditioning, high-efficiency cooling equipment and emergency power supply equipment required for data centers, and provides energy management systems that integrate the above technologies. Apple evaluates AI model compression technology: 27 billion parameter large model can be run directly on iPhone, paving the way for Siri upgrade Apple (AAPL.US) is in early discussions with Silicon Valley startup PrismML, which claims to be able to compress large AI models to run natively on the iPhone. If the technical verification is passed, this move will strengthen Apple's privacy proposition and provide key support for its long-delayed Siri upgrade. PrismML CEO said Apple has begun evaluating its technology. The negotiations are currently at a very early stage and the direction is not yet clear, but they are "progressing smoothly." The news comes just a day after Apple launched the public beta of iOS 27 - the first widespread test open to the public after Apple's overhaul of Siri, designed to compete with AI assistants from OpenAI and Anthropic. For Apple, keeping more AI computing locally on the device means lower response latency, less cloud computing costs, and the ability to use some functions without being connected to the Internet—all of which are highly consistent with its core privacy positioning. Lucid denies rumors of considering going private or filing for bankruptcy
U.S. electric car maker Lucid Group (LCID.US) denied a report in a blog post on Tuesday local time, saying it was "completely untrue" that the company was considering a privatization transaction or filing for Chapter 11 bankruptcy protection. During the U.S. stock market, the company's stock price once plummeted by more than 50%, the largest one-day drop since its listing. However, after the company denied rumors of privatization or bankruptcy, the stock price decline eventually narrowed to 16%. Lucid stated in a statement that as the company's recently released quarterly documents show, the company has sufficient liquidity to support operations for a long time next year; the company's board of directors has not established a special committee to evaluate the above-mentioned rumored plan. At the same time, corporate restructuring consultant AlixPartners is currently helping Lucid improve execution efficiency and operational performance, rather than recommending that the company file for bankruptcy. Buffett plans to 'clear out' Berkshire Hathaway stock On Tuesday local time, the legendary American "stock god" Buffett announced that he plans to completely dispose of his remaining Berkshire Hathaway shares in the next eight years. Buffett, who will celebrate his 96th birthday next month, currently holds more than $140 billion in Berkshire shares. According to Berkshire's announcement, Buffett converted 8,000 shares of Berkshire-A (BRK.A.US) into 12 million shares of Berkshire-B (BRK.B.US) on Tuesday, then donated 9 million shares to a charity named after his late first wife, Susan Thompson Buffett, and donated 1 million shares to each of his three children's foundations. The total market value is slightly more than 5.9 billion US dollars. Anthropic launches teacher version of Claude, Stride stock price falls under pressure AI giants have entered the K-12 education market, disrupting the education technology sector. On July 14, Anthropic announced the launch of Claude for Teachers, opening its advanced AI capabilities to K-12 in-service teachers in the United States for free, directly impacting the core business of educational technology company Stride (LRN.US) and triggering market concerns about the latter's competitive position. After the news was announced, Stride's stock price fell as much as 7.7% intraday, and finally closed down about 5.6% to $86.88, the largest single-day drop since June 15 this year, when the stock fell 14.5% due to the loss of a contract with a school district in Texas. IBM's record plunge, Goldman Sachs warns: AI capital expenditures turn to a "software bear market" IBM Corp (IBM.US) issued a surprising second-quarter performance warning on Tuesday, and its stock price hit its largest one-day drop on record. This triggered deep market concerns about the large-scale shift of enterprise IT budgets to AI infrastructure and the squeeze on traditional software and service spending. Goldman Sachs directly stated in its first research report that the IBM incident "will fully confirm the software bear market scenario" and predicted that there will be "quite widespread" downward pressure on software and services. Goldman Sachs analyst James Schneider also pointed out that the weakness in IBM's Data & Automation software business is partly due to the company's internal execution problems, and said that he will not adjust the valuation model until next week's earnings call and management provides further explanations on 2026 guidance and response measures. Southbound Fund Tracking｜Net purchases of nearly 11 billion Hong Kong dollars continue to increase Zhipu positions and NetEase outflows from Meituan Data shows that the transaction volume of southbound funds yesterday was approximately HK$128.972 billion, a slight increase of approximately HK$1.7 billion from the previous day; approximately 41.22% of the total transaction volume of the Hang Seng Index, accounting for more than 40%. Hong Kong stocks fluctuated widely yesterday, with the Hang Seng Index rising higher in the afternoon. Southbound funds’ net purchases were approximately HK$10.997 billion. Among them, the net inflow of Shanghai-Hong Kong Stock Connect was approximately HK$8.205 billion, while the net inflow of Shenzhen-Hong Kong Stock Connect was approximately HK$2.792 billion. In terms of trend, southbound funds have seen net outflows on only one day in the past eight trading days, with a cumulative purchase of HK$63.228 billion during the period. In terms of individual stocks, exchange data showed that southbound funds yesterday
Substantial net purchases: Zhipu (02513.HK) HK$2.989 billion; NetEase (09999.HK) HK$2.870 billion; Kuaishou-W (01024.HK) HK$1.460 billion Yuan; GigaDevice (03986.HK) HK$810 million; YOFC Optical Fiber and Cable (06869.HK) HK$602 million; Semiconductor Manufacturing International Corporation (00981.HK) HK$553 million. Significant net outflows: Meituan-W (03690.HK) HK$558 million; Kingboard Laminated Board (01888.HK) HK$273 million. Zhipu fell 2.74% yesterday, with funds adding 5.87 million shares in the first five days, and short-term inflows continued to accelerate. NetEase fell 2.51% yesterday, with funds adding 5.88 million shares in the first five days, maintaining short-term inflows. GigaDevice rose 9.54% yesterday, with funds adding 2,500 shares in the first five days, and short-term reflows are still the main focus. Kuaishou-W rose 0.46% yesterday, with funds adding 22.35 million shares in the first five days, and short-term inflows continued. YOFC Optical Fiber and Cable rose 10.16% yesterday, and funds reduced their holdings by 15.64 million shares in the past five days, with outflows still the main issue. SMIC closed flat yesterday. Funds reduced their holdings by 12.01 million shares in the first five days, but have returned to the market in the past two days. Meituan-W rose 1.60% yesterday, with funds adding 7.64 million shares in the first five days, but short-term inflows slowed down again. Kingboard Laminated Board rose 14.20% yesterday. Funds reduced their holdings by 40.11 million shares in the past five days, and short-term outflows dominated. Note: Due to the T+2 settlement of the Hong Kong Stock Exchange, the actual positions are the data of the last 5 trading days as of two trading days ago. China Life (02628): The mid-term net profit is expected.