U.S. stocks tumble, Tesla plummets, Intel raises capital expenditure forecast
On July 23 (Thursday), Eastern Time, the three major U.S. stock indexes collectively closed down, with the S&P 500 (SPX) index falling 1.21% to 7,408.30 points; the Dow Jones Index falling 0.97% to 51,711.65 points; and the Nasdaq (NDAQ) Index falling 2.15% to 25,137.69 points. On July 23, the benchmark 10-year U.S. Treasury yield was 4.71%, and the 2-year U.S. Treasury yield, which is most sensitive to the Federal Reserve’s policy interest rate, was 4.37%. Among popular U.S. stocks, Nvidia (NVDA) fell 1.56%, Apple (AAPL) fell 1.30%, Google C (GOOG) fell 6.89%, Google A (GOOGL) fell 7.13%, Microsoft (MSFT) fell 2.24%, and Amazon (AM) ZN) fell 4.57%, TSMC (TSM) fell 1.35%, Meta (META) fell 3.36%, Tesla (TSLA) fell 14.52%, AMD Semiconductor (AMD) fell 2.29%, and Intel (INTC) fell 2.33%. Index rise and fall points: French cac40 (FCHI) -1.65% 8299.09 British FTSE 100 (FTSE) -0.73% 10639.17 German dax (GDAXI) -1.56% 24763.12 Russian rts (RTS) 0.51% 861.82 On July 23, overnight Hang Seng Technology Index futures rose 0.47%, the Nasdaq (NDAQ) China Golden Dragon Index fell 0.57%, and the FTSE China A50 Index rose 0.22%. In terms of popular Chinese concept stocks, Tencent Holdings (HK0700) (Hong Kong stocks) rose 1.04%, Alibaba (BABA) fell 2.14%, Pinduoduo (PDD) fell 0.35%, NetEase (NT) ES) fell 0.85%, Baidu (BIDU) fell 0.12%, Ctrip (TCOM) rose 1.03%, Li Auto (LI) rose 2.06%, and Weilai (NIO) fell 0.75%. Foreign exchange rate rise and fall (basis points) USD/CNY (off) 6.78-3.7 bp USD/EUR 0.88-2.1 bp USD/JPY 163.85-180 bp The latest price of commodity futures rise and fall: COMEX silver -2.90% 57.70 US dollars/ounce COMEX gold -2.32% 4052.30 US dollars/ounce WTI crude oil 3.89% 87.89 US dollars/barrel Brent crude oil 4.21% 95.50 US dollars/barrel LME copper -0.62% 13812.70 US dollars/ton
The probability of the Federal Reserve keeping interest rates unchanged in July is 65.3%. According to CME's "Fed Watch": the probability of the Federal Reserve keeping interest rates unchanged in July is 65.3%, and the probability of raising interest rates by 25 basis points cumulatively is 34.7%. The probability that the Fed will keep interest rates unchanged until September is 17.6%, the probability of a cumulative interest rate hike of 25 basis points is 57%, and the probability of a cumulative 50 basis point interest rate hike is 25.4%. Intel (INTC): The company's purchase of chip manufacturing equipment in 2026 will increase by 40% compared with 2025. Intel (INTC): The company's purchase of chip manufacturing equipment in 2026 will increase by 40% compared with 2025. (Sina Finance) Intel (INTC) said that capital expenditures in 2027 will be significantly higher than in 2026. Intel (INTC) said that capital expenditures in 2027 will be significantly higher than in 2026. (Financial Associated Press) Intel (INTC) CFO: Artificial Intelligence (885728) personal computer business revenue increased by 26% month-on-month. Intel (INTC) CFO said that artificial intelligence (885728) personal computer business revenue increased by 26% month-on-month and now accounts for two-thirds of customer income structure. (Financial Associated Press) Intel (INTC) CEO: Supply shortages will continue to exist in the foreseeable future Intel (INTC) CEO said that supply shortages will continue to exist in the foreseeable future. (Financial Associated Press) Singapore GIC will invest US$30 billion in multiple hedge funds over the next three years. Singapore GIC will invest US$30 billion in multiple hedge funds over the next three years. (Finance News Agency) Intel (INTC) revenue outlook exceeds expectations, supported by surge in data center spending Intel (INTC) gave an unexpectedly strong revenue forecast for the current quarter, indicating that a surge in data center spending is helping to promote the chipmaker's long-awaited recovery. The company said in a statement Thursday that third-quarter revenue is expected to be $15.8 billion to $16.8 billion. Even the lower end of the forecast range is significantly higher than analysts' average estimate of $15.1 billion. The outlook highlights Intel's (INTC) progress among data center customers who are eagerly seeking chips to meet the computing power needs of artificial intelligence (885728). Revenue in this area surged 59% in the last quarter, more than twice the growth rate of Intel's (INTC) overall revenue. (Sina Finance) Intel (INTC): Gross profit margin in Q2 2026 is 40.4% Intel (INTC): Gross profit margin in Q2 2026 is 40.4%. Intel (INTC) CFO: Intel (INTC) plans to increase capital spending in 2026 to $20 billion from $18 billion Intel (INTC) CFO: Intel (INTC) plans to increase capital spending in 2026 from $18 billion to $20 billion. Intel (INTC) plans to significantly increase capital spending in 2027. Intel (INTC) has signed long-term agreements with customers to supply CPUs and XPUS processors. (Sina Finance) Intel (INTC) CEO said demand exceeds supply Intel (INTC) CEO said demand exceeds supply. (Financial Associated Press)
The probability of the Federal Reserve keeping interest rates unchanged in July is 65.3%. According to CME's "Fed Watch": the probability of the Federal Reserve keeping interest rates unchanged in July is 65.3%, and the probability of raising interest rates by 25 basis points cumulatively is 34.7%. The probability that the Fed will keep interest rates unchanged until September is 17.6%, the probability of a cumulative interest rate hike of 25 basis points is 57%, and the probability of a cumulative 50 basis point interest rate hike is 25.4%. Intel (INTC): The company's purchase of chip manufacturing equipment in 2026 will increase by 40% compared with 2025. Intel (INTC): The company's purchase of chip manufacturing equipment in 2026 will increase by 40% compared with 2025. (Sina Finance) Intel (INTC) said that capital expenditures in 2027 will be significantly higher than in 2026. Intel (INTC) said that capital expenditures in 2027 will be significantly higher than in 2026. (Financial Associated Press) Intel (INTC) CFO: Artificial Intelligence (885728) personal computer business revenue increased by 26% month-on-month. Intel (INTC) CFO said that artificial intelligence (885728) personal computer business revenue increased by 26% month-on-month and now accounts for two-thirds of customer income structure. (Financial Associated Press) Intel (INTC) CEO: Supply shortages will continue to exist in the foreseeable future Intel (INTC) CEO said that supply shortages will continue to exist in the foreseeable future. (Financial Associated Press) Singapore GIC will invest US$30 billion in multiple hedge funds over the next three years. Singapore GIC will invest US$30 billion in multiple hedge funds over the next three years. (Finance News Agency) Intel (INTC) revenue outlook exceeds expectations, supported by surge in data center spending Intel (INTC) gave an unexpectedly strong revenue forecast for the current quarter, indicating that a surge in data center spending is helping to promote the chipmaker's long-awaited recovery. The company said in a statement Thursday that third-quarter revenue is expected to be $15.8 billion to $16.8 billion. Even the lower end of the forecast range is significantly higher than analysts' average estimate of $15.1 billion. The outlook highlights Intel's (INTC) progress among data center customers who are eagerly seeking chips to meet the computing power needs of artificial intelligence (885728). Revenue in this area surged 59% in the last quarter, more than twice the growth rate of Intel's (INTC) overall revenue. (Sina Finance) Intel (INTC): Gross profit margin in Q2 2026 is 40.4% Intel (INTC): Gross profit margin in Q2 2026 is 40.4%. Intel (INTC) CFO: Intel (INTC) plans to increase capital spending in 2026 to $20 billion from $18 billion Intel (INTC) CFO: Intel (INTC) plans to increase capital spending in 2026 from $18 billion to $20 billion. Intel (INTC) plans to significantly increase capital spending in 2027. Intel (INTC) has signed long-term agreements with customers to supply CPUs and XPUS processors. (Sina Finance) Intel (INTC) CEO said demand exceeds supply Intel (INTC) CEO said demand exceeds supply. (Financial Associated Press)