Only in terms of quantifiable Office/Azure, AI is expected to bring an annual revenue increment of 40 billion/10 billion US dollars, accounting for 20%/5% of Microsoft's current revenue of approximately 200 billion.

Microsoft's AI commercialization can increase revenue by how much? $50 billion!

The company stated that overall memory chip inventory seems to have peaked in May, and it is expected that smartphone shipments will increase this quarter, with prices also rising.

Turning point? Samsung Electronics expects consumer electronics demand to rebound in the second half of the year.

Technology giants lead the way, with Tesla up 1.7%, Amazon up 1.4%, Google, Apple, Microsoft, and Netflix up about 1%. Xiaopeng Motors surged over 6%, NIO up 3.6%, New Oriental up 2%, Bilibili down 2%, and iQiyi up nearly 3%.

Pre-market trading in US stocks | Meta Platforms surges over 8%, poised to reach a year and a half high! Apple to raise starting price of iPhone 15 Pro by $200?

CICC International stated that XPENG-W's sales growth still faces fierce competition and pressure from peers, posing challenges for improving profit margins in the coming quarters. At the same time, cooperation with Volkswagen may not translate into immediate profits. The skyrocketing stock price may be an overreaction.

Analysis Report | Is the market overreacting to XPENG-W? Institutions maintain "sell"! B station rating and target price slashed



马斯克表示，X 平台很快将只有 “深色模式”。

Hao also expressed optimism about the medium to long-term opportunities in high technology, biomedicine, and high-end consumption.

Hong Hao: US stocks hit new highs before falling

与大众联合研发，将会给小鹏带来更深入的造车能力，比如底盘调校、售后、供应链管理、销售渠道管理等。更重要的是，7 亿美元的投资收入还可以改善目前小鹏的资金状况，尤其是扭转小鹏因 G9 业绩不佳造成的供应链弱势。

Volkswagen invests in XPENG-W: one seeks technology, the other seeks funding

Meta Platforms 美股盘前涨超 7%，公司二季度营收达到 320 亿美元，盈利超出预期。

小鹏汽车延续昨日涨幅，美股盘前涨超 6%。

According to FactSet data, analysts generally believe that Intel's second-quarter revenue will reach $12.1 billion, with an adjusted loss of 4 cents per share. Analysts estimate revenue for the third quarter to be $13.2 billion, with earnings per share of $0.16.

Intel Earnings Report Day: Is Artificial Intelligence a Negative for It?

曾有人坦言，英伟达与其他芯片厂商的差距，是院士与高中生的差别。就如同黄仁勋所言，英伟达 “一直在奔跑”，想要超越巨人的其它芯片厂商只能奋力狂奔。

一块炒到 50 万元，大厂疯狂囤芯，批量买要走后门，中国版英伟达在哪？

At the valuation level, the US stock market has already fully reflected the logic of "forward pricing"! Once the Federal Reserve officially ends the rate hikes and shifts to rate cuts, it will be a confirmation of the weakening of the US economy, and at that time, there will be pressure for adjustment in the US stock market.

Be cautious! The pricing logic of US stocks has started to change!

Suggested overweighting TMT and ChiNext sectors; there are trading opportunities in new energy vehicles and Chinese insurance, as well as in domestic demand and real estate stocks.

Hong Kong stocks welcome an important rebound window, with the Hang Seng Index expected to reach 21500-22000 points.

Before the next policy meeting, the Federal Reserve will see a series of economic data, including two non-farm employment reports, two inflation reports, and a new economic growth data.

Has the Fed's interest rate hike cycle ended? Don't underestimate Powell!

China's video game player population rises to a record at end-June

日前，淘宝直播与王者荣耀达成重要合作，将把电竞直播搬上淘宝。据悉，双方将联合发起 “王者荣耀明星邀请赛”，面向天下广发英雄帖，号召各路游戏玩家入淘开播，决赛之夜也将于 8 月 5 日在淘宝直播竞逐冠军。

淘宝直播与王者荣耀达成合作

On Wednesday, the trading volume of bullish options on Tesla, with a strike price of $400 and an expiration of 50 days, surged. The most active were the calls on Microsoft with a strike price of $350. The proportion of trading volume for bullish options on NIO-SW and Xiaopeng Motors both exceeded 70%.

U.S. stock options, Xiaopeng options trading surged four times, Microsoft, Google, Celeste options trading more than doubled.

Porsche's Chief Financial Officer, Lutz Meschke, stated that there are "significant challenges" in ensuring the components for the Taycan electric vehicle, making it difficult to achieve the goal of electric vehicle sales accounting for over 12% of shipments this year.

Can't handle the supply chain! Porsche's only mass-produced electric car can't keep up with production capacity.

高盛集团周三在报告中表示，其对冲基金客户周二净买入中国股票，创出 9 个月来最快速度。7 月 25 日，对冲基金做多买入中资股票，相对于空头回补之比达到了 3.5:1。主要是买入内地挂牌的 A 股股份，其次是在香港上市的中资公司股份。

高盛称对冲基金客户周二大举买入中资股份

大众汽车二季度营收 800.6 亿欧元，市场预估 786.1 亿欧元。

Thanks to Microsoft and Alphabet-C! As the giants continue to increase their investment in AI and capital expenditure, JFR stated that although the revenue growth forecast provided by the bank has exceeded Wall Street's consensus, it is still conservative!

AI chip absolute leader NVIDIA, why can it continue to exceed expectations?

需求爆炸式增长，三大存储巨头纷纷加码，美光公布最新 HBM3 Gen 2 产品，三星早在去年就实现了 HBM3 的量产，海力士则带来了第五代 HBM 3e 产品。

HBM，大战打响！

Is franchising the end of opening a store?

HELENS's Road to Recovery: Relying on Store Closures and Franchising

It will be too late if we don't IPO soon.

Seeking Rui HKEX IPO: Is the business of "1 milliliter blood test for cancer" feasible?

NASDAQ Golden Dragon Index rose for three consecutive days, the renminbi regained the 7.12 level during the intraday session, and the Hang Seng TECH Index rose more than 3%.

Chinese assets collectively surged again: the renminbi rose by 350 points, Hong Kong A shares soared, and XPENG-W skyrocketed by 30%.

Never forget, there will always be echoes.

Overseas Listing Filing System's First Project for US Listing Revealed: Xin Jun Cashmere's Nasdaq IPO Marks a New Era for Chinese Concept Stocks

XPENG-W's milestone moment in the history of Chinese electric vehicles has arrived with the introduction of its output technology and Volkswagen's investment. According to Citigroup, the combination of "small + big" is highly beneficial for XPENG-W. This is mainly due to the potential for higher gross margins resulting from Volkswagen's involvement in advanced driver assistance system software-related revenue.

Surging 33%! Why is "XPENG-W + Volkswagen" worth such an increase?

香港恒生科技指数自五月低点上涨 20%，势将步入技术性牛市。

According to Eurekahedge data, the average growth of Asian hedge funds in the first half of this year was only 1.4%, lagging behind the 4.8% growth of the Morgan Stanley Capital International Asia Pacific Index.

How do Asian hedge funds outperform the market? Just bet on AI, Japanese and US stock markets.

恒生科技指数涨 3%，造车新势力持续拉升，小鹏汽车大涨近 32%，蔚来汽车涨超 12%，理想汽车涨 4.5%。

贝壳港股涨幅一度扩大至约 8%，最高触及 46.05 港元，创近三个月以来新高。

长租公寓运营商自如最快将于第三季度正式向港交所递交招股说明书。这意味着，自如或将成为港股长租公寓第一股。

自如最快第三季度赴港上市

中国 6 月规模以上工业企业利润同比 -8.3%，前值 -12.6%。

港股恒指高开涨 0.71％，国企指数涨 1.07％，科指开涨 1.83%。汽车股表现强势，小鹏汽车涨近 15%，蔚来汽车涨超 10%，理想汽车涨近 5%。

The Federal Reserve raised interest rates by 25 basis points at its July meeting, in line with market expectations.

CITIC Securities: The probability of the last interest rate hike in July is high. US stocks may turn downward after the increase in recession expectations.

花旗称，大众汽车的入股对小鹏而言是一个非常利好的消息，来自大众与高级辅助驾驶系统软件相关的收入有可能会为小鹏带来相对较高的毛利率。未来预计小鹏 G9 的软件和 XNGP 智能辅助驾驶系统将会开放给大众。双方还可能共同开发下一代电动汽车平台和软件，并进一步丰富供应链。

花旗：大众汽车入股小鹏对后者非常利好

AI, it's just a technology, not the final product.

Microsoft Q4 Earnings Report: Although there was a temporary setback, the way to break through is about to emerge. | [Hard AI]

Economic recession concerns have eased, with strong performance from constituent stocks, boosting the Dow Jones Industrial Average.

13 consecutive gains! The "overlooked" index of the US stock market has achieved the longest consecutive gains since 1987.

亚马逊旗下云服务 Amazon Web Services 在美东时间 26 日表示，其 4 月发布的 AI 平台 Bedrock 已有数千名客户在试用，包括瑞安航空、全球最大对冲基金桥水基金等。亚马逊还在 Bedrock 中添加了 AI 公司 Cohere 的两个大语言模型，以及 Stability AI 和 Anthropic 的最新语言模型。此外，亚马逊目前提供类 ChatGPT 聊天机器人 Agents for Bedrock 的预览版。

亚马逊：旗下 AI 平台 Bedrock 已有数千名客户在试用

账上现金 2 亿，总负债超 1800 亿，多家子公司仍是 “老赖”，量产半年卖 1000 多辆，恒大汽车如何在激烈的 “淘汰赛” 中存活？

恒大汽车深夜公告：2 年亏了 840 亿，总负债超 1800 亿！许家印最新露面…

微软将允许美国用户在 Microsoft Store 使用 Venmo 支付。Venmo 的所有者 PayPal 和微软周三表示，在美国 Microsoft Store 购物的用户将可以使用 Venmo 支付。Venmo 目前是微软游戏主机 Xbox 上 Microsoft Store 的一种支付方式。

微软将允许美国用户在 Microsoft Store 使用 Venmo 支付

韩国央行：准备在必要时进一步收紧政策。

与大众汽车牵手之后，小鹏汽车有了更大的想象空间，并且已经开始被资本市场买单。

小鹏的胜利，中国造车新势力的胜利

麦格里上调爱奇艺 ADR 评级至中性，目标价 5.12 美元。

The Inter-Ministerial Joint Meeting Office for the Coordination and Supervision of New Forms of Transportation organized a meeting yesterday (26th) to interview Didi Chuxing, Gaode Taxi, T3 Travel, Caocao Travel, Wanshun Taxi, Shouqi Car Rental, Ruqi Travel, Xiangdao Travel, Xiehua Travel, Timely Car Rental, Sunshine Travel, Meituan Taxi, Baidu Taxi, Tencent Travel, and Ctrip Car Rental, as well as other online ride-hailing platforms and aggregation platform companies. The interview required optimizing and improving service levels, eliminating unfair competition, and creating a favorable market development environment. It also emphasized the need to maintain relatively stable business strategies, ensure smooth channels for addressing interests and demands, and actively prevent and resolve risks and hidden dangers.

DiDi, Meituan Dache, and Tencent Travel, as well as other online ride-hailing platforms, have been summoned for talks to eliminate unfair competition practices.

7 月 26 日发布业绩报告之后，欧洲汽车生产商斯特兰蒂斯（Stellantis NV）首席执行官对于在全球最大汽车市场缩减规模的决定感到满意，称随着本土竞争对手降价，例如大众汽车和通用汽车等在中国 “面临压力”。“我们的一些西方同行目前在中国面临压力，即大众汽车和通用汽车，” Stellantis 首席执行官 Carlos Tavares 表示。“它们面临压力因为他们的 BEV 业务不是很大，最终盈利能力也不是很强，它们的 ICE 业务也在萎缩，” 他说道，指的是电池电动汽车和内燃机汽车业务。

欧洲汽车生产商 Stellantis 的 CEO：大众汽车和通用汽车在中国 “面临压力”

摩根大通证券股份有限公司分析师 Daniel Chen 将哔哩哔哩 H 股评级下调至低配（之前的评级为超配），目标价 100 港元，即下跌 25%。

Amazon's cloud business, Amazon, has released HealthScribe, a tool that helps summarize doctors' visits. QuickSight, a cloud-driven business analytics service, has added AI capabilities. Bedrock, an enterprise AI service platform, offers a chatbot tool.

Joining the AI healthcare and enterprise service battlefield! Amazon's new tool summarizes medical visits and helps customers create their own ChatGPT.

July 26 (Reuters) - HSBC Holdings PLC (HSBA.L) :
* HSBC BANK USA, N.A. AND AFFILIATES RAISE PRIME AND REFERENCE RATE
* HSBC BANK USA: CO AND AFFILIATES RAISED THEIR PRIME AND REFERENCE RATE TO 8.50% FROM 8.25%