A[Overview of U.S. stock market pre-market news: Cook said Apple Smart plans to release a test version in China at the end of October; Terafab may usher in its first EUV lithography machine in the middle of next year; U.S. debt "risk-off trade" is back] On October 15th, the financial news in the U.S. stock market that investors need to focus on is as follows:
1. The three major U.S. stock index futures rose or fell mixedly. Dow Jones futures rose 0.35%, S&P 500 futures fell 0.31%, and Nasdaq 100 futures fell 1.25%.
2. International oil prices have been mixed. WTI crude oil futures prices rose 0.33% to US$95.400/barrel; Brent crude oil futures prices fell 1.18% to US$104.804/barrel.
3. International gold and silver spot prices rose collectively. Spot gold prices rose 1.20% to US$4,154.39 per ounce; spot silver prices rose 1.94% to US$56.70 per ounce.
4. Most of the three major European stock indexes rose. Britain's FTSE 100 index rose 0.77%, France's CAC40 index rose 0.27%, and Germany's DAX30 index fell 0.39%.
5. During a visit to Shanghai, Cook, executive chairman of Apple’s board of directors, said that Apple’s smart phone and related Alibaba Qianwen large model have indeed been approved and will release a test version later in October, but do not include Siri AI.
6. Musk’s chip project Terafab may usher in its first ASML EUV lithography equipment in the middle of next year. Terafab's initial chips are expected to still use traditional chip equipment to match Intel's 14A process.
7. TSMC stated that capital expenditures in 2026 are expected to be US$60 billion to US$64 billion; the CPU demand for AI agents is growing, far exceeding the existing supply capacity; it is discussing with Musk whether it can utilize TeraFab's idle production capacity.
8. Concerns about the credit risk of AI cloud service provider CoreWeave have further intensified, with its five-year credit default swap (CDS) spread exceeding 1,000 basis points, reflecting market concerns about its debt repayment and refinancing capabilities.
9. Rocket Lab once again postponed the first flight plan of its new high-thrust rocket Neutron, delaying its first launch to 2027. Rocket Lab shares fell nearly 12% before the market opened.
10. Goldman Sachs expects Google’s capital expenditures next year to be close to US$350 billion, maintaining a “buy” rating on Google and a target price of US$435.
11. The decline in U.S. stocks combined with the attraction of yields has led to the resurgence of the "safe-haven trade" in U.S. bonds. U.S. bond prices have continued their recent gains, driving yields across all maturities lower. The 10-year U.S. Treasury yield fell 10 basis points to 5.08% during the day. B[Today’s investment public opinion hot spots]
1) PCB: Since October, the price increase of electronic cloth has been implemented again, and the concentrated release of industry production capacity is expected to be by the end of next year.
2) Dyes: Since the low point in June, the quotations of disperse dyes have increased by more than 30%, and the price of reactive dyes has increased by 55%; the price of core intermediate H acid has increased from 61 yuan/kg to 145 yuan/kg, an increase of 138%.
3) Ice and snow tourism: Heilongjiang went south to Guangzhou to promote ice and snow tourism, and will also successively go to Xiamen, Chongqing, Jinan, Shanghai, and Ningbo to carry out a series of ice and snow tourism promotion activities.
4) Semiconductor equipment: ASML will uniformly increase the price of equipment replacement parts supplied in South Korea, covering all parts of EUV and DUV lithography machines. B[Partial changes in the concept of lithography machines, Kemet Gas's straight daily limit] On October 13th, there was a partial change in the concept of lithography machines, and Kemet Gas's straight daily limit, followed by Lanying Equipment, Colorful Chemical, Walter Gas, Xinlai Ying Materials, Yanggu Huatai, etc. On the news, according to Korean media reports, ASML will increase the price of replacement parts supplied to South Korea by 10%, covering all parts of extreme ultraviolet (EUV) and deep ultraviolet (DUV) lithography equipment, effective from January next year. A[Overview of U.S. stock market pre-market news: ASML’s new generation EUV lithography machine has been promised to be used by TSMC and Samsung; Apple and Kioxia signed a long-term NAND agreement with no price limit; Zimbabwe has suspended the export of antimony and tungsten] September 8th, the financial news of the U.S. stock market that investors need to focus on is as follows:
1. The three major U.S. stock index futures rose or fell mixedly. Dow Jones futures fell 0.78%, S&P 500 futures fell 0.24%, and Nasdaq 100 futures rose 0.06%.
2. International oil prices have both strengthened. WTI crude oil futures prices rose 2.33% to US$93.611/barrel; Brent crude oil futures prices rose 1.51% to US$98.468/barrel. On the news, the Houthis said they were about to launch an in-depth attack on Saudi Arabia.
3. International gold and silver spot prices fell slightly. Spot gold prices fell 0.10% to US$4,401.77 per ounce; spot silver prices fell by 0.05% to US$66.11 per ounce.
4. The three major European stock indexes fluctuated within a narrow range. Britain's FTSE 100 index fell 0.01%, France's CAC40 index rose 0.01%, and Germany's DAX30 index fell 0.06%.
5. ASML announced that it is working with TSMC and Samsung to promote the application of next-generation high numerical aperture lithography machine technology. TSMC has promised to use this technology for advanced process mass production in 2030, and Samsung will use it for DRAM mass production by 2028.
6. ASML and TSMC announced that they will promote the upgrade of high numerical aperture extreme ultraviolet lithography masks from the current 6 inches to 12 inches. The two parties plan to establish a 12-inch mask trial production line in 2031.
7. Apple signed a long-term supply agreement for NAND flash memory with Japan's Kioxia. The contract may have a term of three to five years and has no price cap.
8. According to supply chain sources, Intel PC CPU prices are expected to increase by another 10% in early October 2026. At the same time, the small core product line with low gross profit margin may start to be discontinued and delisted.
9. Samsung Electronics’ 4-nanometer process is reported to be operating at full capacity, and 50%-60% of its output is being used to produce basic bare wafers of HBM4 memory chips, corresponding to a monthly production capacity of 15,000 pieces.
10. Quantinuum, a quantum computing company, received a US$100 million R&D grant from the U.S. Department of Commerce for local manufacturing of trapped ion quantum computer chips and complete machines.
11. Zimbabwe will ban the export of antimony and tungsten with immediate effect, and the export of ores and concentrates will also be suspended to promote local processing.
12. People familiar with the matter said Anthropic gave up on acquiring Israeli AI startup Decart, which had previously expected the transaction size to be $6 billion. B[Changxin Technology responds to "cooperating with Apple"] September 7th, there were previous market rumors that Apple was testing Changxin Technology's chips. Zhao Lun, general manager of Changxin Technology, responded that the company has an open attitude to explore cooperation opportunities with high-quality customers around the world. The company's products have the ability to compete with international mainstream manufacturers in terms of performance, quality and supply stability. As for the progress in the HBM (high-bandwidth memory) field, Zhao Lun said that the company will maintain continuous iteration of products and processes in accordance with the established technology roadmap and business plan. Previously, Changxin Technology’s downstream applications focused on consumer electronics. The reporter asked Changxin Technology about its server market revenue share. Zhao Lun said that the demand in the server market is strong. In the first half of the year, the company continued to expand its business in this field. Driven by factors such as increased downstream demand, the company's products used in the server field increased its contribution. Regarding the verification of the introduction of DUV domestic lithography machines, Changxin Technology said that the company has taken a series of measures around supply chain construction, focusing on the development and verification of domestic supply chains, and driving the coordinated development of core links in the industrial chain such as semiconductor equipment. (China Business News) A[Overview of U.S. stock market pre-market news: NVIDIA plans to restart the Rubin CPX project; ASML said that high numerical aperture extreme ultraviolet lithography machines are moving towards mass production; Samsung will allocate about 70% of its storage capacity to long-term cooperative customers by 2031] September 1st, the financial news of the U.S. stock market that investors need to focus on is as follows:
1. The three major U.S. stock index futures collectively declined. Dow Jones futures fell 0.68%, S&P 500 futures fell 0.67%, and Nasdaq 100 futures fell 1.24%.
2. International oil prices have both surged. WTI crude oil futures prices rose 2.59% to US$87.983/barrel; Brent crude oil futures prices rose 2.14% to US$92.424/barrel.
3. International gold and silver spot prices continued their decline. Spot gold prices fell 1.81% to US$4,368.27 per ounce; spot silver prices fell by 2.22% to US$65.05 per ounce.
4. The three major European stock indexes collectively fell. Britain's FTSE 100 index fell 0.56%, France's CAC40 index fell 0.23%, and Germany's DAX30 index fell 0.90%.
5. Analyst Ming-Chi Kuo said that his latest industry survey shows that NVIDIA has restarted the AI inference pre-filled acceleration GPU "Rubin CPX" project, but its design has been significantly adjusted and production is expected to begin in Q1 2027.
6. ASML revealed that a total of 10 high numerical aperture extreme ultraviolet lithography machines (High NA EUV) have been installed and put into operation by 4 customers around the world, and another 3 are being shipped and installed. High NA EUV is moving towards the high-volume production stage.
7. Anthropic has signed a cloud computing agreement worth US$35 billion with Lambda, a cloud service provider invested by Nvidia, to further expand AI computing power.
8. Samsung’s memory business unit is reported to have allocated about 70% of its production capacity to long-term orders before 2031. Its main contract customers include large technology companies such as Nvidia, Microsoft and Google. HBM’s rush for goods is quite fierce.
9. Apple accused its former iPhone engineer who switched to OpenAI of "not only downloading Apple's confidential circuit schematics, but also using them in OpenAI's work."
10. Fervo Energy, the original developer of geothermal energy, is reported to have signed a nearly 400-megawatt geothermal power supply agreement with Google, and plans to start supplying power to Google in 2028. Once completed, the project is expected to become the world's largest enhanced geothermal energy facility.
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