The three major U.S. stock indexes have diverged trends. The Dow rose more than 1%, the AI hardware sector plummeted, and international oil prices fell
On Tuesday Eastern Time, the three major U.S. stock indexes had divergent trends. As of press time, the Dow rose 1.23%, the Nasdaq fell 0.07%, and the S&P 500 rose 0.32%.
On Tuesday Eastern Time, the three major U.S. stock indexes had divergent trends. As of press time, the Dow rose 1.13%, the Nasdaq fell 0.07%, and the S&P 500 rose 0.32%. The AI hardware sector of the US stock market plummeted, with the Philadelphia Semiconductor Index falling more than 4%, and storage concept stocks generally falling. SK Hynix's stock price fell 7.5%, Micron Technology's stock price fell 8.6%, AMD's stock price fell 6.9%, ASML's stock price fell 4.1%, Intel's stock price fell 4.7%, Lam Group's stock price fell 7.94%, and ARM's stock price fell 7.2%. Some blue chip stocks strengthened, with Coca-Cola rising more than 4% and Wal-Mart rising more than 1%. Apple's market value once exceeded the US$5 trillion mark during intraday trading, becoming the second listed company in the world to reach this milestone after Nvidia. In the commodity market, international oil prices fell. As of press time, Brent crude oil futures fell by 5% to US$81.559/barrel; WTI crude oil futures prices fell by 4.88% to US$78.577/barrel. Trump: Be patient enough to reach a new deal with Iran, or start a war U.S. President Trump said on the 27th that he has enough patience and time to reach an agreement with Iran, but if a new ceasefire agreement cannot be reached, the United States will resume military strikes against Iran. According to US media reports, Trump said on his way to an event in Michigan on Air Force One that the current US-Iran negotiations were "going well." "I think something is likely to happen. If it happens, that's great; if it doesn't happen, we'll return to the status quo of two days ago." He also said that the US military currently has sufficient ammunition stocks and has a large number of different types of ammunition. Ministry of Commerce responds to U.S. launch of Section 301 investigation on production capacity issues Regarding the recent Section 301 investigation launched by the United States on production capacity issues, Lin Weilong, director of the Political Research Office of the Ministry of Commerce, said at a press conference held on the 28th by the State Council Information Office that this is a typical act of unilateralism and seriously undermines the international economic order. The United States cannot narrowly define production capacity that exceeds domestic demand as "overcapacity" and label it as "excess". The United States has no right to unilaterally determine whether a trading partner has "overcapacity" through Section 301 investigations and adopt unilateral restrictive measures. China urges the United States to correct its wrong practices and return to the right track of resolving issues through dialogue and consultation. China will pay close attention to the development of the situation, reserves the right to take necessary measures, and resolutely defend its legitimate rights and interests. Wall Street's "Decisive Battle Tomorrow Night"! Castle Securities boldly predicts the Fed will raise interest rates More and more Wall Street institutions are now beginning to believe that given the surge in oil prices this month and the escalation of tensions in the Middle East, the risk of the Federal Reserve unexpectedly raising interest rates at this week's meeting does exist... Although most institutions, including Bank of America Global Research and Deutsche Bank, currently still expect Fed policymakers to keep interest rates unchanged, the limited guidance previously given by Fed Chairman Kevin Warsh, coupled with the recent escalation of conflicts in the Gulf region and rising oil prices, make the July interest rate decision evolve into a close contest between eagles and doves. Eyeing 6G? The United States announces the establishment of a research and development alliance with 24 countries The Trump administration announced on Monday (July 27) that the United States and 24 countries including the United Kingdom, Germany, and Japan will launch a global cooperation plan aimed at accelerating the development of secure 6G wireless networks and formulating 6G standards. The U.S. National Telecommunications and Information Administration (NTIA) issued a statement on Monday saying the initiative aims to coordinate governments' 6G strategies and prepare in advance for when this technology is expected to begin replacing 5G networks in the 2030s. Prototype of the movie "The Big Short": If any technology giant cuts AI spending, the stock market will plummet! Big short Steve Eisman’s latest warning is that U.S. stocks will “plummet” if any of the hyperscale tech giants cut their artificial intelligence (AI) capital spending. In his latest interview, he pointed out that the current market has become a single trading environment that relies entirely on the success or failure of artificial intelligence. He further warned that the market's view of artificial intelligence has changed dramatically from a year ago, when investors enthusiastically cheered every increase in capital spending. Nvidia's five-year CDS hits record high, worries about AI circular financing completely detonated?
Just as Nvidia surrendered its position as the world's largest company by market value to Apple, a more worrying phenomenon seemed to be emerging in the credit market: the cost of purchasing default protection for Nvidia's debt hit the largest increase in history that day. This follows reports that the chipmaker is negotiating more than $750 billion in artificial intelligence (AI) infrastructure deals, raising concerns about its ability to afford debt. Another bad news for AI hardware! Corning stock price “flash crashes” Hello everyone, there is a leak in the house, but it rains all night, and AI hardware has another bad news. After the memory chip, Corning's stock price also collapsed. On the evening of July 28, Corning announced its second quarter results: core earnings per share were US$0.78, a year-on-year increase of 30%; core sales were US$4.74 billion, a year-on-year increase of 17%. After the earnings report was released, Corning's stock price crashed. Amazon enters the satellite communications war: plans to deploy 5,000 satellites to target mobile end users Amazon plans to launch a constellation of more than 5,000 satellites to provide mobile phone communication services to consumers around the world. Amazon is trying to challenge Elon Musk’s Starlink as the company expands its presence. Amazon said on Monday (July 27) that it had submitted an application to the U.S. Federal Communications Commission (FCC), hoping to be allowed to deploy the constellation by 2028. Amazon said the system will provide voice calls, text messages, data services and emergency communications services. CME Group officially launches "single stock futures" that can trade popular targets such as SpaceX and Micron in the past 24 hours Investors looking to bet on stocks like SpaceX and Micron Technology now have a new tool: Single Stock Futures, which trade almost around the clock. On Monday (July 27), CME Group launched cash-settled single stock futures based on 55 U.S. stocks, and also launched mini futures covering 22 stocks. Anthropic responds to open source controversy, Nvidia further takes the lead in establishing AI alliance On July 27, local time, more than 50 companies signed an industry joint letter supporting open source large models. Technology giants such as Nvidia, Google, Microsoft, Meta, and AMD are all on the list, and OpenAI is also late. In this context, Anthropic, which has not yet made a public statement, is particularly abrupt, and has also raised questions from the outside world about its promotion of closed-source monopoly and use of regulatory moats to suppress competition. On the same day, Anthropic CEO Dario Amodei responded by saying that the company "has never advocated a ban on open source weight models" and once again emphasized its consistent risk theory of cutting-edge models.
Just as Nvidia surrendered its position as the world's largest company by market value to Apple, a more worrying phenomenon seemed to be emerging in the credit market: the cost of purchasing default protection for Nvidia's debt hit the largest increase in history that day. This follows reports that the chipmaker is negotiating more than $750 billion in artificial intelligence (AI) infrastructure deals, raising concerns about its ability to afford debt. Another bad news for AI hardware! Corning stock price “flash crashes” Hello everyone, there is a leak in the house, but it rains all night, and AI hardware has another bad news. After the memory chip, Corning's stock price also collapsed. On the evening of July 28, Corning announced its second quarter results: core earnings per share were US$0.78, a year-on-year increase of 30%; core sales were US$4.74 billion, a year-on-year increase of 17%. After the earnings report was released, Corning's stock price crashed. Amazon enters the satellite communications war: plans to deploy 5,000 satellites to target mobile end users Amazon plans to launch a constellation of more than 5,000 satellites to provide mobile phone communication services to consumers around the world. Amazon is trying to challenge Elon Musk’s Starlink as the company expands its presence. Amazon said on Monday (July 27) that it had submitted an application to the U.S. Federal Communications Commission (FCC), hoping to be allowed to deploy the constellation by 2028. Amazon said the system will provide voice calls, text messages, data services and emergency communications services. CME Group officially launches "single stock futures" that can trade popular targets such as SpaceX and Micron in the past 24 hours Investors looking to bet on stocks like SpaceX and Micron Technology now have a new tool: Single Stock Futures, which trade almost around the clock. On Monday (July 27), CME Group launched cash-settled single stock futures based on 55 U.S. stocks, and also launched mini futures covering 22 stocks. Anthropic responds to open source controversy, Nvidia further takes the lead in establishing AI alliance On July 27, local time, more than 50 companies signed an industry joint letter supporting open source large models. Technology giants such as Nvidia, Google, Microsoft, Meta, and AMD are all on the list, and OpenAI is also late. In this context, Anthropic, which has not yet made a public statement, is particularly abrupt, and has also raised questions from the outside world about its promotion of closed-source monopoly and use of regulatory moats to suppress competition. On the same day, Anthropic CEO Dario Amodei responded by saying that the company "has never advocated a ban on open source weight models" and once again emphasized its consistent risk theory of cutting-edge models.