In September, ARM may debut on the NASDAQ Composite Index, potentially becoming the largest IPO globally this year. It is reported that both NVIDIA and Intel are in negotiations to become major investors in the IPO.

Valuation Soars Over $60 Billion! ARM, which is about to go public, has become a hot cake in the AI boom.

The valuation level of the Hong Kong stock market has increased, and the market is gradually moving out of the value range. Therefore, the enthusiasm for share buybacks has also cooled down, with a decrease in the number and amount of buyback companies.

Hong Kong Stock Market in August: Improved fundamentals, reduced pressure on liquidity, focus on three major sectors.

For example, in 2011, risky assets such as US stocks may be sold off, while the demand for US bonds is expected to rise in the short term.

US stocks to be sold off? US credit rating downgraded for the second time in history

As of 16:30 on August 2nd, TENCENT and ByteDance announced donations of 100 million yuan each, Alibaba donated 30 million yuan, XIAOMI-W, LI AUTO-W, and CLOUD MUSIC donated 25 million yuan, 20 million yuan, and 10 million yuan respectively.

TENCENT and ByteDance, along with other Chinese tech giants, have made generous donations to support flood relief efforts!

标普 500 指数期货跌幅扩大至 1.01％；纳斯达克 100 指数期货跌幅扩大至 1.34％。

美国超导回吐盘前一度高达 15% 的涨幅，现已转跌。

美股大型科技股盘前集体下跌 | 苹果跌近 1%，微软、谷歌、亚马逊、Meta 跌超 1%，特斯拉跌近 3%。

美股大型科技股盘前集体下跌  | 苹果跌近 1%，微软、谷歌、亚马逊、Meta 跌超 1%，特斯拉跌近 3%。

On Tuesday, AMD and Nikola options trading doubled, with the most active being Tesla's Call options with a strike price of $265/$270. The most active Call options for AMD had a strike price of $140/$125.

U.S. stock options | Long bets AMD rises to $140, Uber options quadruple, Ford forward Put surges

Third Point LLC, a hedge fund based in the United States, underperformed the U.S. market in the second quarter.

Hedge Fund Titans Lament Missing Out on Soaring Tech Giants in US Stock Market, Rushing to Catch Up with the AI Boom

月 29 日以来，台风 “杜苏芮” 残余环流导致多地暴雨成灾，造成严重人员伤亡和财产损失。多家企业向灾区捐赠现金和物资，帮助受灾群众渡过难关，其中最高捐赠金额达 1 亿元。字节跳动捐赠 1 亿元，开通#暴雨互助帮忙#通道。阿里巴巴捐赠 3000 万元，淘宝平台已上线水灾救灾项目。

最高捐赠 1 亿元！字节跳动等多家企业捐款驰援暴雨灾区

Some analysts believe that considering the macroeconomic situation, Apple's hardware business will continue to face "moderate headwinds" and iPhone demand will remain stable. However, Apple still belongs to the defensive stock camp and will ultimately become the winner in the field of AI!

Preview | Another Earnings Report is Coming! Why Has Apple's Target Price Been Raised Significantly in Advance?

Expected Reversal, Luckin Coffee Delivers Explosive Performance.

The price war with Cuddy has won Luckin Coffee another win.

金十数据 8 月 2 日讯，据网友爆料，微信正在灰度测试 “小绿书”。记者从知情人士处了解到，这是一次非常小范围的内测，不是新功能，初衷就是为了更方便视频号创作者发布图文短内容，以及提高用户获得信息的效率。据知情人士介绍，视频号本身就可以发图片，这次内测只是把发布图片单独设计了一个按钮，在 “看一看” 那里可以集中查看而已。据了解，这次内测的初衷是为了更方便视频号创作者发布图文短内容，以及提高用户获得信息的效率。“所以我们对视频号的图文内容呈现进行了优化，用户在看一看里可以集中查看视频号的图文内容。”（上证报）

微信要做 “小绿书”？知情人士：小范围内测，优化视频号图文发布及呈现

* 大摩：据悉小鹏 G6 新车订单等候时间延至 12 星期 供应链升级需时

AMD's second-quarter performance was slightly better than expected, with the stock rising nearly 3% on Tuesday and another 1% after hours. Business negotiations and communications in the field of artificial intelligence have increased more than sevenfold this quarter.

AMD: AI chip demand surges, MI300 to be launched in Q4

洪灝指出，如果市场认为美债评级下调使风险溢价上升，那么美债收益率反而会因为风险偏好下降而下降，或者说市场对于美债的需求反而会上升。

洪灝评美国评级下调：时间点有些奇怪 更像是政治宣言

全球最大网约车平台 Uber，今年二季度实现营业利润 3.94 亿美元，实现有史以来首次营业利润，被其首席执行官称为 “重要时刻”。

成立 10 年亏了 2000 亿后，Uber 终于赚钱了！

理想国内深耕，小鹏智能腾飞，蔚来全球抢滩

蔚小理加剧分化的不仅是销量，还有方向 | 见智研究

财政部、税务总局：延续执行创业投资企业和天使投资个人投资初创科技型企业有关政策至 2027 年底。

8 月 2 日，北京字节跳动公益基金会宣布捐赠 1 亿元人民币，联合公益机构，为京津冀及福建等受灾严重的地区提供紧急救援，解决部分灾区物资缺乏的情况。后续还将重点聚焦青少年、老年人与残疾人等群体，支持灾后学校重建、房屋修缮及产业帮扶等。

财政部、税务总局发布《关于支持小微企业融资有关税收政策的公告》。

惠誉意外下调美国主权信用评级，市场风险情绪受到打击，交易员竞相获利了结，亚太市场暴跌。

美国突降 “黑天鹅”！亚太市场大跌，日股跌近 2%，恒生科技指数跌超 3%

据路透社 8 月 2 日报道，美国半导体公司 AMD 表示，正在认真考虑效仿英伟达公司做法，调整其相关 AI 芯片产品规格，以在符合美国政府限制要求的情况下出口中国。据报道，AMD 首席执行官苏姿丰表示，AMD 将在第四季度提高其旗舰产品 MI300 人工智能芯片的产量，以应对与英伟达公司 H100 芯片的竞争。报道称，MI300 的性能超过美国去年 10 月发布的对华出口管制要求，与英伟达和英特尔等不同，AMD 目前尚未为中国市场制造定制芯片。

外媒：AMD 考虑效仿英伟达调整芯片规格，以维持对华出口

Analysts say that Apple's revenue in the third quarter may decline by 1.6% YoY, marking the largest YoY decline in the third quarter since 2016. Analysts also expect Apple's sales to decline by more than 2%.

Apple Q3 Earnings Report to be Released: Apple's Revenue May Decline by Over 2%, AI Potential Draws Attention

Hong Kong stocks may rise in the future! The current market expectation is that the US interest rate hike in the fourth quarter may come to an end, and China's recovery will become more certain. However, if everyone expects this, why not rise first? If there is ultimately a market trend, buying at a low price is the right thing to do!

Hang Seng Index aims for 28000 next year? Waiting until the fourth quarter to buy Hong Kong stocks may be too late!

Market expectations are focused on Apple's annual performance, progress in Apple's AI work, and even signals of a "soft landing" in the US economy.

Apple's Q2 revenue may continue to decline, but the market is focused on the future.

港股科网股持续走弱，快手、美团跌超 4%，腾讯控股跌超 3%，京东、百度、阿里巴巴均跌超 2%。

金十数据 8 月 2 日讯，为切实强化未成年人网络保护，近年来，国家网信办指导网站平台持续推进青少年模式建设，扩大覆盖范围，优化功能设置，丰富适龄内容。模式自上线以来，普及率稳步提升，在帮助未成年人减少网络沉迷和不良信息影响方面发挥了积极作用。为进一步提升模式效能，立足未成年人网络保护新形势新要求，国家网信办研究起草了《移动互联网未成年人模式建设指南（征求意见稿）》，将全面升级 “青少年模式” 为 “未成年人模式”，推动模式覆盖范围由 APP 扩大到移动智能终端、应用商店，实现软硬件三方联动，方便用户一键进入模式，为未成年人营造安全健康的网络环境。

网信办：将全面升级 “青少年模式” 为 “未成年人模式”

"When the third-quarter report is released (around October-November), it may mark the beginning of companies missing expectations this year. It should be given full attention!" Underperforming performance + the possibility of continued interest rate hikes = a double blow to performance and valuation?!"

Why do we need to be cautious about the third-quarter earnings report when the second-quarter earnings report of US stocks has not yet concluded?

According to an internal email from Alphabet-C, the company announced a restructuring of its voice assistant division to prioritize advancements in artificial intelligence.

Alphabet-C's Speech Assistant Department: Partial Layoffs, Introducing AI Technologies such as Large Language Models

财报 2023｜陪海底捞一起复苏：安井食品上半年净利同增超六成

港股物管股表现强势，碧桂园服务涨超 15%，融创服务、雅生活服务涨超 7%，世茂服务、合景悠活等多股跟涨。

At the opening, Hong Kong stocks saw a sharp rise of nearly 16% in the "superconductor concept stock" PUJIANG INTL.

Hong Kong stocks "superconducting concept stock" PUJIANG INTL surged nearly 16%

On August 1st, the People's Bank of China and the State Administration of Foreign Exchange held a work conference for the second half of 2023, mentioning the need to "guide commercial banks to adjust the interest rates of existing individual housing loans in an orderly manner in accordance with the law."

CICC: How to Adjust Mortgage Interest Rates for Existing Loans?

苹果、英伟达、皮克斯、Adobe 和 Autodesk 联合成立了 OpenUSD 联盟 (AOUSD)。几家公司在发布会上并没有具体谈论 “元宇宙”，但他们正在推广开放元宇宙的关键特征之一——3D 工具和数据之间的互操作性。OpenUSD 是皮克斯动画工作室开发的一种开放数据格式，允许团队能够在大规模 3D 工作流程上协同工作，并共享可在 AR（增强现实）和 VR（虚拟现实）项目中使用的 3D 对象和环境的信息。OpenUSD 联盟将制定详细说明 OpenUSD 特征的书面规范。

苹果、英伟达和皮克斯等巨头成立联盟，制定元宇宙 3D 图形标准

港股碧桂园服务开盘涨 11.67%。公司公告计划于公开市场购回股份，不多于 3.37 亿股 (占已发行股份总数的 10%)。

港股恒指低开跌 0.54％，国企指数跌 0.46％，科指开跌 0.64%。

Leke aims to achieve the goal of "100 cities, 10,000 stores" within five years, which is undoubtedly a huge challenge.

LeFit aims to become the "Shell" of China's fitness industry.

Some analysts believe that the decrease in the number of resignations in the United States indicates that the job market may be closer to the level of calmness that the Federal Reserve needs than the job vacancies suggest. If this is true, then the Federal Reserve may not feel the need to raise interest rates again. On Tuesday, Raphael Bostic, the President of the Atlanta Federal Reserve, also urged the Federal Reserve to act cautiously and not to tighten monetary policy excessively in the face of possible continued inflationary pressures.

Is it time for the hawks at the Federal Reserve to retreat as the tightness in the US labor market eases?

"Sellers of shovels" are going to make a fortune.

AI chip demand burst: in the second quarter, Intel 6 times, AMD 7 times! Next, look at NVIDIA.

华泰证券研报表示，职业教育长坡厚雪，职教改革政策持续优化完善，民办高等教育应用型导向明确、办学机制灵活，作为职教改革主阵地有望持续受益。港股民办高等教育头部公司基本面稳健，现金分红稳定，当前静态股息率约 4%-9%，PE 不足 10 倍，估值修复空间大，性价比高。随着港股β改善预期升温，民办高等教育板块作为前期超跌的板块之一有望迎来反弹机会。建议关注基本面及现金流稳健、高股息率标的。

华泰证券：港股高教配置机会或已现 建议关注基本面及现金流稳健、高股息率标的

On Tuesday, August 1st, one of the three major rating agencies, Fitch Ratings, downgraded the long-term foreign currency debt rating of the United States from AAA to AA+, with a stable outlook. The downgrade of the US rating by Fitch reflects the expected deterioration of the US fiscal situation over the next three years, the overall high government debt burden, and the continuous growth of the debt.

Fitch: Downgrades US Rating to AA+, Previously AAA-rated

复旦大学绿色金融与发展中心的报告显示，今年上半年，中国在金属和矿业的投资超过去年全年总额，投资在 “一带一路” 倡议相关活动的占比达到创纪录的 61%，建筑合同的占比首次低于 50%。

半年 100 亿美元！中国企业全球 “扫矿” 规模创纪录，“一带一路” 更具战略性

美股三大指数仅道指高开，开盘近一小时美股指数全线走低，道指接近平盘位，纳指和标普 500 指数均跌幅加深。纳斯达克金龙中国指数跌超 1%，较盘初约 2% 的跌幅砍半收窄，B 站和蔚来等跌超 4% 跌幅突出，但理想汽车涨近 3%。美国超导一度涨超 60%，盘前曾大涨 150%。美元指数 DXY 涨 0.5% 并升破 102，油价转跌 0.7% 失守逾三个月高位。现货黄金跌 1% 并失守 1950 美元。

标普纳指跌幅加深，道指接近抹去涨幅，中概指数跌 1%，美国超导跳涨 60%

Despite a larger-than-expected decline in profits, BP p.l.c. has still increased its dividend by 10% and announced plans to repurchase $1.5 billion worth of stocks.

Big players are also having a tough time! BP p.l.c. Q2 profits plummeted by 70% but increased dividends by 10%.

市场近日传出京东全资收购永辉的消息。收购的可行性取决于股价和利益分配等因素。京东可能需要永辉的线下门店网络来发展到家业务，而永辉则需要京东的流量和资金来支持前置仓改造和数字化转型。

京东有没有收购永辉的需求？

After the US stock market closed on Wednesday, Apple and Amazon will release their second-quarter earnings reports.

Apple and Amazon earnings reports are coming soon, but market expectations are not optimistic?

"If someone can break through room temperature and pressure superconductivity and eventually achieve commercialization, its enormous value is likely to usher in the fourth industrial revolution." Researchers from around the world are working together to verify whether this time the Holy Grail of room temperature superconductivity can be achieved, entering a whole new era.