B[PwC predicts that global cumulative investment in data centers will reach US$31.6 trillion by 2050] September 2, PwC predicts that in order to meet the world’s growing demand for artificial intelligence (AI), cumulative global data center spending will reach US$31.6 trillion by 2050, and the scale of investment will exceed the historical infrastructure construction wave such as railways, the Internet, and electrification. PricewaterhouseCoopers released a report on Wednesday saying that if the popularity of AI exceeds its "baseline scenario" expectations, data center spending in about the next 25 years may even reach $50 trillion. By comparison, U.S. gross domestic product (GDP) is currently about $30 trillion. As consumers, businesses and governments increasingly use AI, technology giants such as Microsoft and Amazon, as well as smaller data center operators, are rapidly building new computing facilities around the world. Most of the investment will be in the internal equipment of the data center, including AI chips, storage chips, network equipment and servers. A[Overnight global news you need to know on Tuesday: Affected by the situation between the United States and Iran, Brent oil prices stood at US$90 per barrel; Huang Renxun said that VeraRubin can bring more than US$40 billion in revenue per gigawatt to Nvidia]
1. The three major U.S. stock indexes collectively closed down. The Dow Jones Industrial Average fell 0.7%, rising 1.34% this month; the Nasdaq fell 0.12%, rising 3.93% this month; the S&P 500 fell 0.33%, rising 2.62% this month. The utility sector led the decline, and cryptocurrency concept stocks rose; Amazon fell more than 2%, and the company was sued by the U.S. Federal Trade Commission; Tesla rose more than 5%, hitting a new high in more than a month.
2. The U.S. Federal Trade Commission and more than 20 states will accuse Amazon of seeking billions of dollars in revenue by manipulating advertising prices on its retail platform.
3. U.S. President Trump announced a new drug pricing agreement; nine pharmaceutical companies promised to sell at low prices. Currently, 26 companies have signed up to participate in the plan, covering 90% of the pharmaceutical market.
4. U.S. Treasury Secretary Bessent said that he will meet with his Canadian counterpart during the G20 summit.
5. The large Saudi oil tanker Cedar was intercepted while passing through the southern channel of the Strait of Hormuz.
6. The General Staff of the Iranian Armed Forces issued a statement stating that Iran will never tolerate any acts of aggression on the premise of respecting the national sovereignty of its neighboring countries and will respond more strongly to such acts.
7. Nvidia CEO Jensen Huang said that the VeraRubin platform can bring Nvidia more than $40 billion in revenue per gigawatt.
8. Goldman Sachs predicts that the average price of humanoid robots will drop from US$41,800 in 2025 to US$21,300 in 2035.
9. Nvidia will invest US$3.5 billion in chip manufacturer MediaTek; Alphabet participated in MediaTek’s record-breaking US$3.9 billion overseas convertible bond issuance.
10. The U.S. Strategic Petroleum Reserve crude oil inventory decreased by approximately 3.1 million barrels last week to 286.6 million barrels.
11. Affected by the situation between the United States and Iran, international oil prices rose. WTI crude oil futures closed at US$85.76 per barrel, an increase of 2.83%; Brent crude oil futures closed at US$90.49 per barrel, an increase of 2.71%.
12. Most major European stock indexes closed lower, with the British FTSE 100 index rising by 0.29%, the French CAC40 index falling by 0.65%, and the German DAX30 index falling by 1.09%.
13. Apple’s Phil Schiller steps down as head of App Store and product launches.
14. Microsoft and Humain have expanded their strategic cooperation and plan to jointly launch Humain One products integrating Microsoft 365.
15. AWS will launch its first cloud infrastructure region in Saudi Arabia by December 2026. A[The three major U.S. stock indexes collectively closed down] On September 1, the three major U.S. stock indexes collectively closed down, with the Dow Jones Industrial Average falling 0.7%, the Nasdaq Composite Index falling 0.12%, and the S&P 500 Index falling 0.33%. The utility sector led the decline, with Edison International falling by more than 23%, Pacific Coal and Electric falling by more than 20%; Amazon fell by more than 2%, and court documents showed that the U.S. Federal Trade Commission sued Amazon. Cryptocurrency concept stocks strengthened, Circle rose by more than 9%, Coinbase rose by more than 5%, Strategy rose by more than 4%; Tesla rose by more than 5%, and SanDisk rose by more than 5%. A[Overview of U.S. stock market pre-market news: TSMC expects silicon photonics market share to exceed 50% in 2027; SK Hynix plans to hand over some HBM basic die production to Intel; Apple will officially replace Ternus as CEO tomorrow] August 31st, investors need to focus on the following financial news in the U.S. stock market:
1. The three major U.S. stock index futures collectively declined. Dow Jones futures fell 0.30%, S&P 500 futures fell 0.31%, and Nasdaq 100 futures fell 0.18%.
2. International oil prices rose collectively. WTI crude oil futures prices rose 3.47% to US$86.292/barrel; Brent crude oil futures prices rose 3.20% to US$90.919/barrel. On the news, Trump said that the United States would respond to Iran’s attack on US troops.
3. International gold and silver spot prices were mixed. Spot gold prices fell 0.19% to US$4,445.86 per ounce; spot silver prices rose 1.09% to US$67.02 per ounce.
4. The three major European stock indexes had mixed gains and losses. Britain's FTSE 100 index rose 0.29%, France's CAC40 index rose 0.21%, and Germany's DAX30 index fell 0.69%.
5. NVIDIA has launched a new generation of high-bandwidth memory technology, NVIDIA NVHBM, which can provide higher memory performance and efficiency for XPU.
6. TSMC stated that the underlying architecture of optical transceivers is undergoing structural changes. Silicon photonics has become a mainstream type, and the market share is expected to exceed 50% in 2027. Silicon photonics is ultimately embodied in co-packaged optics (CPO), and manufacturers will enter mass production in the second half of this year.
7. SK Hynix is considering handing over some HBM basic die production to Intel to reduce its dependence on TSMC wafer foundry. The program is expected to start with the seventh-generation HBM chip HBM4E.
8. Apple will officially complete its first CEO change since 2011 on September 1. John Ternus, currently senior vice president of hardware engineering, will succeed Cook as CEO and join the board of directors.
9. Some artificial intelligence laboratories such as OpenAI are reported to have purchased tens of thousands of Mac minis and Mac Studio for training AI agents, and are in urgent need of more such equipment. Anthropic also rents Mac minis from Amazon AWS.
10. SpaceX is building a foundry in Bastrop, Texas, to produce blades and guide vanes for large gas turbines. Gas turbines can be put into operation up to 18 months in advance.
11. Eli Lilly stated that the research data of two drugs, Taltz and Zepbound, in the treatment of obesity have shown positive results. A[Amazon AWS increases government AI track, OpenAI, Meta, Anthropic and other large models collectively landed on GovCloud] August 31, Amazon’s cloud business unit Amazon Web Services (AWS) recently announced that it has expanded the availability of its AI models in the AWS GovCloud (US) region to provide government agencies with access to Amazon The Bedrock platform has the ability to access third-party large models, including mainstream models such as Anthropic, Meta, OpenAI, xAI, and NVIDIA, and also supports Amazon's self-developed Nova series models. All services run in an isolated cloud environment that meets compliance requirements. A[Barclays: For every US$100 earned by AI model companies, approximately US$35 to US$40 goes to the three major cloud giants] On August 30, Barclays stated in a report that for every US$100 earned by AI model companies, approximately US$35 to US$40 will flow to the three major cloud giants, namely Amazon AWS, Microsoft Azure, and Google Cloud Platform (GCP), in the form of inference computing power fees. In this part of the revenue, cloud service providers can obtain an operating profit of approximately US$10 to US$20, corresponding to an operating profit margin of approximately 35% to 45%. The report pointed out that the profit margin of the AI laboratory's paid inference business has risen significantly, from low double-digit levels in 2025 to 50% to 65% or even higher in 2026, and the adjusted gross profit margin has increased by 30 to 50 percentage points year-on-year. Barclays analysts believe that actual profit margins may even be higher than the estimates in the report, but as competition in cutting-edge models intensifies and the supply of computing power continues to increase, profit margins are expected to gradually fall back.
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