SemiAnalysis: Kimi K3 Crushes NVIDIA's Strongest Open-Source Model as the U.S. Committee Model FailsGold "Rebels": After $4,140, Is It a Reversal or a Dead Cat Bounce?Understanding the Market | Meituan-W rises nearly 6% again, with embodied intelligence layout possibly entering a harvest period; AI narrative expected to drive valuation recoveryTraining Gemini 4 Is Too Costly! Barclays Estimates: Alphabet to Post Negative Free Cash Flow for Two Consecutive YearsReport: Intel, AMD Seek Long-Term CPU Supply Agreements with Chinese CustomersSouth Korea's KOSPI Index Touches 7,100 Points, Rising Approximately 4.5% IntradayPrediction: Meta Platforms Will Soar on July 29 When It Makes This AnnouncementReminder: Key Events to Watch During the Day (All Times in Beijing Time)AI 每赚 1 块钱，谷歌花出去 2 块Tesla's "Awkward Phase": Thinning Auto Profits, Costly AI NarrativeMLCC Enters the Era of Long-Term Agreements: Samsung Electro-Mechanics Signs $200 Million Deal with a Tech Giant, Securing 2027 SupplyGoogle executives interpret Q2 financial report: The most important task is to solidly advance Gemini 4AI Chips Bolster South Korea's Economy: Q2 GDP Growth of 3.7% Beats Expectations, but Domestic Demand Remains WeakFull text | Tesla Q2 earnings call transcript: Robotaxi safety is extremely highThe CPU Roadmap Battle in the Agent Era: NVIDIA Bets on "Faster Single Cores," AMD Bets on "Higher Concurrency"TSLA (2Q26 Trans): Optimus V4 capacity target: 10 mn units/yrETF Abnormality | Southern 2x Long Tesla fell nearly 10% as Tesla's second-quarter profits unexpectedly plummeted, and it will increase investment in AI and other fields in the futureGOOGL (Trans): Betting on Gemini 4, capex set to jump again next yearThe CEO of Alphabet refutes claims that Google is losing ground in the AI raceTesla: Bleeding Margins, Piling Fresh AI Hype Onto Unmet GoalsGOOGL: AI Crash Imminent? The Savior Has ArrivedUnderstanding the Market | PCB Concept Stocks Lead in Gains as Google Continues to Raise Capital Expenditure Guidance, PCB Industry Chain Tightens OverallUnderstanding the Market | VGT Up 6% as NVIDIA's Vera Rubin Enters Full Production, Company Benefits from AI PCB Development WaveFed Policy Hard to Predict in the Warsh Era! As FOMC Approaches, Market Remains Uncertain About Next Week's Policy DirectionCitigroup: Tencent's stock price has fallen excessively, and its gaming business remains robustCiti: Tencent's Sharp Decline Driven by "Fear and Misinterpretation of Slowing Gaming Revenue"JPMorgan Chase's "Technical Analysis": Oil Prices Hit Key Resistance, Gold Bearish in the Medium Term, Copper Break Below Support to Reinforce Bearish OutlookElon Musk continues to spark speculation about a merger between Tesla and SpaceX, pointing out that the business overlap between the two companies is increasingly deepening谷歌电话会：警告现金流压力将持续，但” 需求仍超过投资增速”，Gemini 4 已启动训练特斯拉电话会：马斯克称正进行 “二战以来美国最快的工业规模扩张”，获美光存储芯片 “超级配额”SG Morning Brief | Alphabet and Tesla Both Disappoint After Hours; Oil Pulls Back to $91 from $95 SpikeGoogle Q2 Cloud Business Surges 82%, Beating Expectations; Cloud Backlog Hits $514 Billion as AI Investments Begin to Pay Off | Earnings ReviewTankers Attacked Near Saudi Waters, Oil Prices Surge as Houthi Rebels Announce "Maritime Embargo" on Saudi ArabiaTesla's Q2 net profit fell short of expectations, and gross margin further declined, with free cash flow turning negative. The stock price dropped over 4% in after-hours tradingElon Musk stated that Micron has allocated a large number of memory chips to Tesla, and the supply conditions are "very reasonable."Breakfast | July 23, 2026Zhitong Hong Kong Stock Early Knowledge | Sports Power Construction "14th Five-Year Plan" Released, Google Drops Over 4% After EarningsTesla warns that expanding Optimus production will face challengesAsia-Pacific stocks surge collectively, South Korean stocks extend gains to 6%, SK Hynix rises 7%, Japanese stocks up over 1%WTI Surges to Six-Week High of $88! Trump Says 'Within Tehran' Included in Strike Coordinates; Cushing Inventories Bottom Out as Production DeclinesTesla's After-Hours Loss Widens to 5%; Musk States on Analyst Call That Optimus Will Be Tesla's Most Challenging Product to Mass Produce at Scale特斯拉 Q2 营收大增 26% 但盈利降 18% 远逊预期，强调处最大投资阶段，盘后续跌丨财报见闻Overseas Headlines: Tesla's Q2 profits halved, Apple plans to fully upgrade its Mac product line, Google's Q2 revenue is $119.8 billion, Amazon cuts AGI positionsAI Frenzy and Giants "Siphoning" Liquidity: US Equity Financing Surpasses $300 Billion YTD—Super Cycle or Major Liquidity Test?IBM Q2 Revenue Grows Only 1%; Full-Year Revenue Outlook Lowered as Mainframe Sales Plunge Drag Down Performance | Earnings WatchAlphabet Raises Full-Year Capital Expenditure GuidanceTesla's Q2 profits fall short of Wall Street expectations, with rising costs dragging down performanceTesla's Q2 Revenue Hits $28.24 Billion, Beating Expectations of $26.32 BillionAlphabet, Google's parent company, reports Q2 revenue of $119.8 billion, beating the expected $117.02 billion. Google Cloud revenue hits $24.77 billion, surpassing the forecast of $22.46 billion