late at night! U.S. memory chip stocks plunge across the board!

late at night! U.S. memory chip stocks plunge across the board!

Storage sector stocks collectively fell sharply. On July 16 (Thursday) local time, the three major U.S. stock indexes opened with mixed gains and losses. As of press time, the Nasdaq index fell nearly 1%. Memory chip stocks fell collectively.

As of press time, SK Hynix fell by more than 7%, Seagate Technology and SanDisk fell by more than 6%, Western Digital fell by nearly 6%, and Micron Technology fell by more than 3%. In addition, TSMC fell by nearly 2% after releasing record quarterly results. In addition, the Nasdaq China Golden Dragon Index rose by more than 2% in early trading.

Among them, Tencent Music rose by nearly 5%, Xpeng Group rose by more than 4%, and Baidu and Bilibili rose by nearly 3%. Employment data better than expected The latest employment data released by the U.S. government was better than market expectations.

Data show that the number of people filing for unemployment benefits in the United States last week was 208,000, compared with the expected 217,000, and the previous value was revised to 216,000 from 215,000; the four-week average was 214,250, and the previous value was revised to 219,000 from 218,750; the number of people continuing to apply for

unemployment benefits in the United States in the week to July 4 was 1.805 million, compared with 1.815 million expected, and the previous value was revised from 1.814 million to 1.821 million. Combined with the previously released consumer price index (CPI) lower than expected, the two major economic indicators of U.S.

prices and employment do not support the Federal Reserve to raise interest rates in the short term. Federal Reserve Chairman Kevin Warsh attended hearings of the House Financial Services Committee and the Senate Banking Committee on Tuesday and Wednesday to give testimony on the semi-annual monetary policy report.

This is his first formal testimony to Congress since taking over as chairman of the Federal Reserve in June this year. The core theme revolves around fighting inflation and defending the independence of the Federal Reserve.

Warsh made clear his pledge at the hearing to make high inflation "a thing of the past." He pointed out that high inflation has caused excessive burdens on American families and businesses.

"This is a tax levied on American people and businesses, and we plan to eliminate this tax." Warsh stressed that the Fed has "no tolerance for continued high inflation" and is determined to restore price stability. Warsh is resolute in defending the Fed's independence. "We are an independent central bank.

They have chosen an independent person to do an independent job, and that is exactly what I plan to do." He added, "There is undoubtedly a lot of politics outside the four walls of the Fed.

But within the central bank, my goal is to eliminate politics." Nvidia releases new model NVIDIA released a new AI model for robotics and visual AI agents on Wednesday, further deepening its presence in the Japanese physical AI market.

The new model, called Cosmos 3 Edge, is a so-called "world model" designed to help systems perceive and navigate the physical environment in real time. World models are able to learn from a wider range of inputs than large language models (LLMs). According to Nvidia, the regional expansion coincides with CEO Jensen Huang's two-day visit to Japan.

The Silicon Valley chip giant is expanding its physical AI footprint in Japan by forming an alliance, and local industrial giants such as Fujitsu, Hitachi and Kawasaki Heavy Industries are interested in joining.

"The next frontier of AI is the physical world, which is a once-in-a-generation opportunity for Japan." Nvidia CEO Jensen Huang said in a statement on Wednesday. "Japan invented modern manufacturing. Now, it has the opportunity to reinvent manufacturing in the era of smart industries." As of press time, Nvidia has fallen more than 2%.

TSMC’s revenue hits consecutive record highs TSMC has significantly raised its capital expenditure and revenue forecast for this year, reflecting the company's confidence in global AI infrastructure demand.

The company, a major chipmaker for Nvidia and Apple, now expects capital expenditures of $60 billion to $64 billion in 2026, up from its previous estimate of $52 billion to $56 billion. On the same day, TSMC also released its latest quarterly financial report.

The report shows that the company's revenue in the second quarter was US$40.2 billion, a year-on-year increase of 33.7% and a month-on-month increase of 12%. This figure was at the upper limit of TSMC's previous expectations (between US$39 billion and US$40.2 billion), setting new quarterly revenue highs for five consecutive quarters.

In the second quarter, gross profit margin further rose to 67.7%, and operating profit margin rose to 60.3%. TSMC said that its revenue in the second quarter of 2026 benefited from the strong market demand for advanced processes. After entering the third quarter of 2026, advanced processes are expected to continue to provide strong support for performance.

TSMC expects revenue in the third quarter of 2026 to be between $44.6 billion and $45.8 billion. (

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