Odaily Planet Daily News TSMC (TSM.N) will develop AI chip packaging technology. (The Information)
Bloomberg ETF analyst Eric Balchunas stated on platform X that bonds have once again failed to hedge against stock declines. Since SPY retreated from its June highs, AGG, TLT, and LQD have all declined. Although the time window is relatively short, it is somewhat reminiscent of the situation in 2022. He noted that many people have long relied on the 40% bond allocation in a 60/40 portfolio to hedge against the 60% stock portion, which is also the reason for the substantial inflows into money market mutual funds and buffer ETFs.
He also stated that this is not to say bonds will ultimately fail to hedge against stocks, but their recent track record has been less than ideal. The Federal Reserve's long-term rate cuts once simultaneously boosted both bonds and stocks, whereas in 2022, they fell together when rates were suddenly raised. Recently, rising oil prices have sparked inflation concerns, leading to a similar situation once again.
Odaily星球日報訊 微軟正考慮將部分自主研發的 AI 模型以開放權重的形式提供。微軟 AI 執行長 Mustafa Suleyman 表示，隨著中國人工智慧模型在美國用戶中的受歡迎程度持續提升，公司正評估這項可能性。此舉意味著微軟的 AI 戰略可能出現調整。面對 DeepSeek、月之暗面等中國 AI 開發商的競爭，微軟希望增強競爭力，同時減少對 OpenAI 的依賴。
微軟也表示，計劃維持多模態戰略，允許客戶在更符合需求的情況下使用來自 OpenAI 或 Anthropic 的模型。（日經新聞）
According to data from MSX.COM, the US pre-market semiconductor sector gains expanded, with ARM extending its rise to 11%, after previously falling nearly 8%; Lam Research rose over 12%, SanDisk rose 7.66% in pre-market trading, Western Digital rose 7.13% pre-market, Seagate Technology rose 6.72% pre-market, Marvell Technology rose 5.79% pre-market, Advanced Micro Devices rose 5.53% pre-market, Micron Technology rose 5.29% pre-market, SK Hynix rose 4.67% pre-market, Intel rose 4.54% pre-market, ASML rose 4.35% pre-market, TSMC rose 3.66% pre-market, Broadcom rose 2.47% pre-market, NVIDIA rose 2.08% pre-market, and Qualcomm's decline narrowed to 2.9%.
Odaily Planet Daily News: The initial annualized quarterly rate of real GDP in the United States for the second quarter is 1.5%, compared with the expected 2.1% and the previous value of 2.10%. (Jin Shi)
Odaily 星球日報訊 美國至 7 月 25 日當週初次申請失業救濟人數為 19.7 萬人，預期為 20 萬人，前值從 18.7 萬人修正為 18.8 萬人。（金十）
Odaily reported that the official interface shows Binance Alpha has listed GRVT, with a 24-hour surge of 141.48% and a market cap of $41.82 million.
Odaily Planet Daily News Apple will release its earnings report after the US stock market closes on Thursday. The market will focus on whether it can continue its strong performance as a beneficiary of the "Anti-capex AI Trade" (AI safe-haven trade). So far this year, Apple's stock price has cumulatively risen by 24%, the best performer among the "Magnificent Seven," and has repeatedly broken through the $5 trillion market capitalization mark.
Analysts believe that investors, concerned about the return on massive AI capital expenditures, are instead allocating to Apple, which has relatively lower capital expenditures. However, Apple's current forward 12-month P/E ratio has risen to approximately 35 times, a new high since 2008. Meanwhile, factors such as rising memory chip costs and pressure on profit margins may become key points of focus in this earnings report. (Bloomberg)
Odaily Planet Daily News: Bank of America Global Research has lowered its target price for ARM from $460 to $260.
Odaily Planet Daily News The Kobeissi Letter posted on X platform, stating that according to Goldman Sachs data, as of July 13th, over 1.2 million leveraged retail trading accounts in South Korea triggered margin calls. It is estimated that 320,000 to 360,000 accounts were completely liquidated, accounting for approximately 3.4% of South Korea's adult population. As the Korea Composite Stock Price Index (KOSPI) has fallen about 18% since July 13th, it is estimated that the number of accounts that have been fully forced into liquidation has now exceeded 500,000.
