Breakfast | Morgan Stanley's strong bullish call stimulates Tesla's strong rebound, Apple releases AI beta version using Google's custom chip to pre-train AI models

Good morning! A great day starts with making money.

U.S. Stock Indexes are Volatile: Major indexes fluctuate, chip stocks surge then plummet, Tesla closes up 5.6%

The market has high profit expectations for large tech stocks, and any results that do not meet expectations could impact their sky-high valuations, even dragging down the entire market. On Monday, the stock prices of these four tech giants and Tesla rose, pushing the S&P 500 and Nasdaq slightly higher. The three major indexes closed almost flat.

Except for NVIDIA, the "Tech Seven Sisters" all rose. Morgan Stanley replaced Ford with Tesla, nominating it as the preferred auto stock in the U.S. auto industry, believing there is a 40% upside potential in its stock price.

The Philadelphia Semiconductor Index fell by 0.3%; the industry ETF SOXX dropped by 0.21%; NVIDIA fell by 1.3%, NVIDIA's double long ETF fell by 2.78%. Ambarella closed up by 11.54%, marking the largest single-day gain since 2022; TSMC's U.S. stock fell by 1.19%, Broadcom fell by 0.93%, AMD fell by 0.17%, Micron fell by 1.43%, Intel fell by 1.66%. Arm Holdings fell by 5.07%, HSBC downgraded Arm Holdings' rating, expecting the stock price to drop by nearly 30%.

Serve Robotics rose by 46.67%, BigBear.ai fell by 6.58%. Li Auto rose by 0.78%, JD.com rose by 0.18%, Bilibili rose by 1.27%, Baidu rose by 1.71%, Alibaba rose by 2.73%, XPeng fell by 3.17%, Pinduoduo fell by 2.45%, NetEase fell by 1.52%, Nio fell by 0.9%.

Goldman Sachs: Hedge funds "surrender-style" sell-off industrial stocks, continue to rotate into energy and materials stocks

According to Goldman Sachs data, industrial stocks were the most heavily sold sector in the U.S. stock market last week. In the two weeks since July 11, the total amount of closures in industrial stocks in U.S. dollars hit a historical record. Energy and materials were the most bought sectors last week and in the past four weeks, with chemicals, oil, natural gas, consumable fuels, and energy equipment and services being the most bought sub-sectors last week.

Musk: Tesla's new sports car can fly, jointly developed with SpaceX

Musk revealed during the X Takeover live event, "The new Roadster sports car is jointly developed by Tesla and SpaceX, can fly, and will debut next year." Once released, this car will be the first model to combine rocket engineering with Tesla's electric technology.

Apple leverages Google to customize chips for pre-training AI models

Apple stated that the AI models supporting its Apple intelligence system are pre-trained on processors designed by Google, indicating that in training cutting-edge AI, large tech companies are looking for alternatives beyond NVIDIA.

Apple releases AI feature beta, not integrated with ChatGPT, only available to paid developers

Apple has released developer betas for iOS 18.1, iPadOS 18.1, and macOS Sequoia 15.1, allowing users to experience some features of "Apple Intelligence," currently only open to Apple developers Apple Developer Program has an annual fee of $99.

NVIDIA sent Blackwell samples this week, released NIM update to support 3D and robot model creation

NVIDIA announced a series of software updates, officially releasing Nvidia Inference Micro Services (NIMs), a software package that addresses many logistical issues required to use AI for specific purposes, covering the physical world environment, advanced visual modeling, and various vertical applications, driving large-scale deployment of AI models by enterprises. The open-source modular framework Isaac Lab provides simulation to accelerate robot learning; NVIDIA customizes NIM for the physical world, creating VLM-driven visual AI agents with NIM and VIA microservices; NVIDIA Omniverse Replicator helps address data scarcity that limits model training.

Fidelity Emerging Markets Fund under Fidelity initiated positions in JD ADR in June and increased holdings in TSMC ADR.

Delta Air Lines plans to seek compensation from Microsoft and CrowdStrike due to massive losses from global network outage

Delta Air Lines has hired a law firm and will seek compensation from Microsoft and CrowdStrike. So far, Delta Air Lines has canceled more than 6,000 flights, leaving hundreds of thousands of passengers stranded. Analysts estimate that the company's profits could be impacted by hundreds of millions of dollars.

Meta launches artificial intelligence studio in the United States

Chabaida: Plans to cancel the annual dividend for 2023

Chabaida announced that considering recent changes in the external environment, the board of directors has decided to cancel the annual dividend for 2023. The company currently has sufficient funds and will retain cash resources for daily business operations. The total amount of dividends after adjustment will not be less than the total amount of the 2023 annual dividend. The specific plan will be announced and dividends will be distributed as soon as possible after it is determined. The adjustment plan will not affect the distribution of dividends in subsequent years.

Chinese Foreign Ministry responds to tariffs on electric vehicles made in China

Mutual benefit and win-win cooperation are the essence of China-EU economic and trade cooperation, and imposing tariffs is a protectionist act.

McDonald's Q2 same-store sales decline for the first time since the outbreak, net profit decreases by 12%

In the second quarter, McDonald's same-store sales fell by 1%, below the market's forecasted growth of 0.4%, marking the first decline in same-store sales since the fourth quarter of 2020.

Fuyao Glass releases performance report

In the first half of the year, operating income was 18.34 billion yuan, a year-on-year increase of 22.01%; net profit was 3.499 billion yuan, an increase of 23.35%.

WuXi AppTec releases performance report

In the first half of the year, the company achieved operating income of 17.241 billion yuan, a year-on-year decrease of 8.64%; net profit was 4.239 billion yuan, a decrease of 20.20%; the company expects revenue to reach 38.3-40.5 billion yuan by 2024