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The AI-driven surge in demand is fueling a global expansion of memory chip manufacturing. Bank of America sees Swiss equipment supplier Comet as a prime beneficiary due to its available capacity, significantly raising its revenue and profit margin forecasts through 2028.
Read MoreThe UK Foreign Secretary warns that Iran is using the strategically vital Strait of Hormuz as a bargaining chip in geopolitical negotiations, raising international concerns over regional stability and global energy security. This highlights ongoing tensions over Iran's nuclear program.
Read MoreGigaDevice forecasts a net profit of approximately 6.9 billion yuan for the first half of 2026, surging nearly 1099% year-on-year. The explosive growth is driven by tight supply in the memory chip sector, leading to higher volumes and prices for its products, alongside expanded microcontroller shipments.
Read MoreIran launched coordinated missile strikes against multiple US bases using its new "Kheibar Shekan" ballistic missile, while also targeting American vessels near Bahrain with cruise missiles. This marks the weapon's combat debut and signals escalated regional tensions.
Read MoreBank of America has added Meta Platforms to its "US 1 List" of top stock picks, signaling strong institutional confidence in the company's AI initiatives, advertising rebound, and operational efficiency. This move highlights key investment trends for the tech sector.
Read MoreThe ECB's July meeting minutes indicate that despite three rate hikes, inflation is set to rise further this summer and remain above target until at least early 2027. Officials see upside risks, warning that persistent energy prices could prolong the inflationary period.
Read MoreAI firm Anthropic's valuation on the secondary market has skyrocketed to $1.2 trillion, far exceeding expectations. This surge reflects intense capital market enthusiasm for elite AI technology and signals a major shift in the industry's investment landscape and future potential.
Read MoreA Reuters survey indicates the U.S. 10-year Treasury yield is expected to fall to 4.48% within three months and hold steady for the following quarter. The one-year forecast is 4.39%, slightly higher than last month's projections, signaling adjusted market expectations for interest rates.
Read MoreS&P 500 futures erased all pre-market gains in a sharp reversal, turning lower ahead of the opening bell. This sudden shift highlights increased volatility and raises questions about near-term market direction and underlying catalysts, drawing close attention from traders.
Read MoreIranian state media reports U.S. artillery strikes near the Bushehr Nuclear Power Plant on July 9th. The incident marks a severe escalation in regional tensions, raising grave international concerns over nuclear facility safety and stability.
Read MoreA technical verification project for Agent Internet core systems was launched at the China Internet Conference. Focusing on three key systems—network observation, execution, and operating systems—the project has begun pilot tests with selected enterprises, marking a concrete step in infrastructure development.
Read MoreOriental Harbor Chairman Dan Bin views upcoming chipmaker IPOs as pivotal for breaking A-shares' market cap ceiling. He argues China's capital market needs trillion-dollar tech leaders matching its industrial might, with semiconductor firms poised to redefine valuation benchmarks.
Read MoreLi-on Micro announced that shareholders Hongxiang Investment, Hongwan Investment, and Shanghai Jinruida plan to collectively sell up to 7.7 million shares (not exceeding 1% of total equity) via centralized bidding within three months. The reason cited is shareholders' capital needs, which may influence short-term market sentiment.
Read MoreBinance Futures has added 7 new USDⓈ-M perpetual contracts tracking traditional financial assets, including BOT and WEN. Select contracts offer up to 25x leverage, with funding rates settled every 8 hours, expanding TradFi derivatives access for traders.
Read MoreTencent Holdings executed a significant share buyback on July 9th, repurchasing 1.1 million shares for approximately HK$500.7 million (US$64 million). This substantial move underscores management's confidence in the company's intrinsic value and future prospects.
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