US stock market pre-market; The Bank of China has completed the registration of Apple's AI function, Alibaba rose more than 5%, Apple rose 0.92%; ASML rose more than 5%, Q 2 performance exceeded expectations
① [Three major futures rose together] Dow futures rose 0.15%, S&P 500 futures rose 0.19%, and Nasdaq futures rose 0.46%. ② [ASML rose by more than 5%, and Q2 performance exceeded expectations] On July 15, Beijing time, ASML announced its second quarter financial report for 2026. The company's Q2 net sales were 9.33 billion euros, net profit was 2.92 billion euros, and gross profit margin was 54%, both higher than market expectations.
① [Three major futures rose together] Dow futures rose 0.15%, S&P 500 futures rose 0.19%, and Nasdaq futures rose 0.46%. ② [ASML rose by more than 5%, and Q2 performance exceeded expectations] On July 15, Beijing time, ASML announced its second quarter financial report for 2026. The company's Q2 net sales were 9.33 billion euros, net profit was 2.92 billion euros, and gross profit margin was 54%, both higher than market expectations. ASML also raised its full-year net sales guidance for 2026 from 36 billion to 40 billion euros to 43 billion to 45 billion euros, and raised its gross profit margin guidance from 51% to 53% to 54% to 56%. In addition, the company plans to further increase its production capacity by approximately 30% in 2027 based on approximately 65 low NA EUV (low numerical aperture extreme ultraviolet lithography machines) production capacity in 2026, and is studying the possibility of another increase of approximately 30% in 2028. ASML also disclosed that Intel has officially used its high NA EUV for mass production of some Core Ultra 3 processors at its Oregon factory in the United States, marking an important step in the commercial application of high NA EUV. As of press time, ASML has risen 5.26%. ③ [Bank of China’s Apple AI function completed registration, partners include Alibaba] On July 15, the Cyberspace Administration of China issued an announcement showing that Apple Technology Development (Shanghai) Co., Ltd.’s “Apple Intelligence” large model has completed the registration of generative artificial intelligence services on July 8. The applicable scenario is Apple mobile phones, which means that the Bank of China’s version of Apple Intelligence function is expected to be launched faster. According to China Business News, the AI function partners include Alibaba. Previously, Alibaba Group Chairman Tsai Chongxin said that Apple finally chose Alibaba as its partner in China. In addition, on July 14, local time, according to media reports, Apple is in early cooperation negotiations with the AI model compression startup PrismML to evaluate its large model compression technology. PrismML said that its technology can significantly compress the size of large language models, allowing it to run directly on terminal devices such as iPhones. According to reports, Apple hopes to use this to improve Siri's local AI capabilities, reduce reliance on cloud computing power, and further strengthen privacy. As of press time, Apple has risen 0.92% and Alibaba has risen 5.35%. ④[Huang Renxun: Vera Rubin AI computing platform has been put into production] On July 15, local time, Nvidia CEO Huang Jenxun said that the research and development of the next-generation Vera Rubin AI computing platform is progressing smoothly and has now been put into production. The Vera Rubin platform is the next generation AI computing platform of NVIDIA's Blackwell platform. It is scheduled to be delivered in the second half of 2026 and is equipped with Vera CPU and Rubin GPU. As of press time, Nvidia fell 0.35%. ⑤ [Barclays is optimistic about SK Hynix's ADR doubling potential, saying that the shortage of memory chips may continue until 2028] On July 15, local time, Barclays covered SK Hynix's ADR for the first time, giving it an "overweight" rating and a target price of US$330. Barclays analyst Simon Coles said that the tight supply and demand situation of memory chips driven by AI is expected to last for a long time. The supply shortage may further intensify in 2027, and the improvement will still be limited in 2028. The memory chip sector is currently "seriously undervalued." The bank predicts that by the end of 2027, SK Hynix’s cash and cash equivalents will exceed 40% of the company’s current market value, and it is expected to continue to expand the scale of stock repurchases. As of press time, SK Hynix’s U.S. stock price fell 6.18%.
⑥[Intel’s 18A yield rate has increased to 85%, and it is reported that it has received major orders from many companies such as NVIDIA and OpenAI] On July 14, local time, KeyBanc, a Wall Street sell-side research institution, released a research report stating that Intel’s 18A process yield rate has increased from about 65% in the previous quarter to 85%, and it is expected that the company has received design orders from customers such as AMD, NVIDIA, Marvell Technology, Microsoft, Micron Technology and OpenAI. Based on the growth in demand for AI servers, improvement in 18A yield and progress in advanced packaging business, KeyBanc raised Intel's target price from US$110 to US$155. However, the above customer cooperation and yield data have not been officially confirmed by Intel. As of press time, Intel rose 2.93%, AMD rose 0.95%, Marvell Technology rose 0.71%, Microsoft rose 0.50%, and Micron Technology fell 0.99%. ⑦ [Nokia joins hands with NVIDIA to launch AI wireless access network platform and plans to supply it to operators next year] On July 15, local time, Nokia announced that it has jointly developed the world's first commercial AI-driven wireless access network platform with NVIDIA and plans to officially supply it to telecom operators in 2027. The company stated that the new platform can improve network performance under existing infrastructure conditions. It is expected that by 2028, the data transmission capacity under the same wireless spectrum resources can be doubled, and the spectrum utilization efficiency can be increased by approximately 50%. The platform includes three new hardware products and a set of software components, supports open wireless access network standards, and can be compatible with future 6G standards through software upgrades. As of press time, Nokia was up 0.77%. ⑧[SpaceX rose 1.1%, after falling for three consecutive days and was on the verge of breaking] As of press time, SpaceX rose 1.1%. Previously, the company's stock price had fallen for three consecutive days, closing down 2.2% on Tuesday at $136.08 per share, only $1 higher than last month's issue price of $135 per share. ⑨ [Stripe and Advent made a US$53 billion privatization offer, and PayPal rose more than 14%] On the evening of July 14, local time, according to media reports, payment company Stripe and private equity firm Advent International had jointly proposed to acquire PayPal for US$60.50 per share, corresponding to a company valuation of more than US$53 billion, a premium of approximately 28% to PayPal's closing price that day. The offer was submitted in early July and has received about US$50 billion in committed financing support from banks. It is a further step after the first contact between the two parties in early April this year. PayPal has not yet responded to the offer, and the transaction remains uncertain. As of press time, PayPal has risen 14.8%. ⑩20:30 Beijing time, US June PPI year-on-year. (
⑥[Intel’s 18A yield rate has increased to 85%, and it is reported that it has received major orders from many companies such as NVIDIA and OpenAI] On July 14, local time, KeyBanc, a Wall Street sell-side research institution, released a research report stating that Intel’s 18A process yield rate has increased from about 65% in the previous quarter to 85%, and it is expected that the company has received design orders from customers such as AMD, NVIDIA, Marvell Technology, Microsoft, Micron Technology and OpenAI. Based on the growth in demand for AI servers, improvement in 18A yield and progress in advanced packaging business, KeyBanc raised Intel's target price from US$110 to US$155. However, the above customer cooperation and yield data have not been officially confirmed by Intel. As of press time, Intel rose 2.93%, AMD rose 0.95%, Marvell Technology rose 0.71%, Microsoft rose 0.50%, and Micron Technology fell 0.99%. ⑦ [Nokia joins hands with NVIDIA to launch AI wireless access network platform and plans to supply it to operators next year] On July 15, local time, Nokia announced that it has jointly developed the world's first commercial AI-driven wireless access network platform with NVIDIA and plans to officially supply it to telecom operators in 2027. The company stated that the new platform can improve network performance under existing infrastructure conditions. It is expected that by 2028, the data transmission capacity under the same wireless spectrum resources can be doubled, and the spectrum utilization efficiency can be increased by approximately 50%. The platform includes three new hardware products and a set of software components, supports open wireless access network standards, and can be compatible with future 6G standards through software upgrades. As of press time, Nokia was up 0.77%. ⑧[SpaceX rose 1.1%, after falling for three consecutive days and was on the verge of breaking] As of press time, SpaceX rose 1.1%. Previously, the company's stock price had fallen for three consecutive days, closing down 2.2% on Tuesday at $136.08 per share, only $1 higher than last month's issue price of $135 per share. ⑨ [Stripe and Advent made a US$53 billion privatization offer, and PayPal rose more than 14%] On the evening of July 14, local time, according to media reports, payment company Stripe and private equity firm Advent International had jointly proposed to acquire PayPal for US$60.50 per share, corresponding to a company valuation of more than US$53 billion, a premium of approximately 28% to PayPal's closing price that day. The offer was submitted in early July and has received about US$50 billion in committed financing support from banks. It is a further step after the first contact between the two parties in early April this year. PayPal has not yet responded to the offer, and the transaction remains uncertain. As of press time, PayPal has risen 14.8%. ⑩20:30 Beijing time, US June PPI year-on-year. (