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. A[September 1 morning news selection]
1. On the afternoon of August 31, local time, President Xi Jinping met with Russian President Vladimir Putin during the 2026 Shanghai Cooperation Organization Summit in Bishkek.
2. Premier Li Qiang of the State Council chaired an executive meeting of the State Council on August 31 to study the work related to promoting high-quality development of investment. The meeting pointed out that standardizing investment promotion is an important part of building a unified national market. We must continue to work hard and achieve long-term results, clarify the specific behaviors encouraged and prohibited by the government's investment promotion, and pay close attention to various tasks on the basis of summarizing practical experience.
3. Seven departments including the Ministry of Commerce issued implementation opinions on promoting the expansion and upgrading of commodity consumption. By 2030, the total retail sales of consumer goods will reach about 60 trillion yuan, and the retail sales of trillion-level categories such as automobiles, home appliances, communication equipment, textiles and clothing will continue to grow.
4. The General Office of the Ministry of Industry and Information Technology issued a notice on launching a special action to cultivate artificial intelligence application service providers, exploring the use of first purchase, first use, risk compensation and other models to increase the procurement of large models, agents, tokens and other services to improve the quality and efficiency of intelligent use of models in the industry.
5. The Ministry of Finance announced that the total operating revenue of state-owned enterprises from January to July was 46,446.64 billion yuan, a year-on-year decrease of 2.4%; the total profit was 2,508.99 billion yuan, a year-on-year increase of 0.6%. From January to July, taxes and fees payable by state-owned enterprises were 3.66156 billion yuan, a year-on-year increase of 5.0%.
6. Online platform data shows that the average air ticket price in the first week of September dropped 35% from the summer peak and was 50% cheaper than the first day of the National Day. The climate in various places is suitable, opening the "golden leakage period". There are currently a large number of 10% off economy class tickets on sale. For example, direct air tickets from Beijing to Taiyuan, Shanxi and other places on September 1 (including engine fuel costs) have dropped below 300 yuan.
7. Hebei Province recently issued the “Hebei Province “15th Five-Year Plan” Basic Surveying and Mapping Plan. According to the plan, from 2026 to 2030, Hebei will optimize the spatial layout of the provincial Beidou navigation and positioning reference station network, and regularly carry out dynamic updates of the surveying and mapping reference framework to ensure the stable and reliable operation of the base station network. In five years, Hebei will realize Beidou real-time normal high-release services.
8. ByteDance increased the price of Doubao shares from $14.85 per share in June to $17.02 per share, and increased the number of Doubao shares issued, and employees can adjust the proportion of Doubao shares in the total package.
9. Suiyuan Technology announced that the company’s initial public offering of shares was listed on the Science and Technology Innovation Board. The issuance price was 142.18 yuan per share, the number of shares issued was 43.035173 million, and the total amount of funds expected to be raised was 6.119 billion yuan.
10. Huawei Investment Holdings Co., Ltd.’s revenue in the first half of the year was 467.819 billion yuan, compared with 427.039 billion yuan in the same period last year; R&D expenses were 121.382 billion yuan, compared with 96.950 billion yuan in the same period last year; net profit was 23.427 billion yuan, compared with 37.05 billion yuan in the same period last year.
11. Zhipu’s revenue in the first half of the year was 953.9 million yuan, a year-on-year increase of approximately 400%; gross profit was 251.6 million yuan; operating loss was 2.15 billion yuan.
12. We learned from China Jushi that the company has officially raised the price of electronic cloth in September, with the price of thick cloth rising by 15% and thin cloth rising by 20%.
13. Ingenic Co., Ltd. released an investor relations activity record announcement. In the third quarter, DRAM prices continued to rise and demand was strong and supply was tight. Price increases are expected to continue in the fourth quarter.
14. Xiangshan Shares announced that it plans to issue shares and pay cash to acquire 100% of the equity of Wuluo Wisdom, and the stock is suspended. Sichuan Jiuzhou announced that it plans to acquire 6.2472% equity of Jiuzhou Optoelectronics to form industrial linkage with it in fields such as high-speed optical modules. International Composites announced that it plans to raise no more than 5 billion yuan to invest in projects such as high-performance electronic fiber cloth.
15. Zhongji InnoLight announced that it plans to repurchase shares worth 4 billion to 8 billion yuan for equity incentives or employee stock ownership plans.
16. The three major U.S. stock indexes collectively closed down. The Dow Jones Industrial Average fell 0.7%, with a cumulative gain of 1.34% in August. The Nasdaq fell 0.12%, with a cumulative gain of 3.93% in August. The S&P 500 Index fell 0.33%, with a cumulative gain of 2.62% in August.
17. US 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.
18. 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.
19. Goldman Sachs predicts that the average price of humanoid robots will drop from US$41,800 in 2025 to US$21,300 in 2035.
20. Nvidia CEO Jensen Huang said that the VeraRubin platform can bring Nvidia more than 40 billion US dollars in revenue per gigawatt. 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[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[NVIDIA launches next-generation high-bandwidth memory technology NVIDIA NVHBM to provide higher memory performance and efficiency for XPU] August 31, as AI agents and trillion-parameter workloads become increasingly mainstream, the performance of AI infrastructure depends not only on computing power, but also on how computing, memory, storage, network and software are co-designed as a unified system. To help hyperscale enterprises and AI innovators build a new generation of semi-customized AI infrastructure, NVIDIA launched NVIDIA NVHBM technology, further expanding the NVIDIA NVLink Fusion technology solution. NVHBM is a next-generation high-bandwidth memory technology that delivers higher memory performance and efficiency to the XPU. The technology will be validated and available from leading memory partners, making this advanced memory capability available to NVLink Fusion customers. By integrating the memory controller into the 3D HBM stack rather than on the XPU, NVHBM can achieve up to 30% memory bandwidth improvement compared to standard HBM4E, reduce HBM power consumption by 15%, and free up up to 25% area for the XPU compute die. 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[CPO concept rebounded in shock, Tengjing Technology and Dekeli both rose by more than 10%] On August 31, the CPO concept rebounded in early trading, with OCS leading the rise. Tengjing Technology and Dekeli both rose by more than 10%, followed by Robotco, Lianxun Instruments, Optical Library Technology, and Chinachem Technology. On the news, the Guolian Minsheng Research Report stated that in addition to Google TPU deploying OCS switches, Nvidia is expected to use OCS in the scale-across layer, which is expected to bring new growth to the market. A[Yesterday’s Market Review] On August 31, the mass entrepreneurship and innovation index collectively rose and fell back on the last trading day. It had previously risen by more than 1%. The turnover of Shanghai and Shenzhen stock markets was 2.1 trillion, a decrease of 24.2 billion from the previous trading day. 1) Recently, many institutions issued reports raising the target stock price of Nvidia. Some analysts called out the "most optimistic target price" of US$550, corresponding to a total market value of US$13 trillion, which stimulated Nvidia's stock price to open higher and close up nearly 9% overnight. However, computing power hardware stocks continued to fall after rising rapidly in early trading. Optical module leader Zhongji Innolight, which once rose by more than 5% in early trading, fluctuated and turned green in the afternoon. 2) U.S. enterprise software giant Salesforce and cybersecurity giant CRWD released their latest quarterly financial reports. Both revenue and net profit performance exceeded market expectations. Overnight, Salesforce’s stock price surged 22%, and U.S. cybersecurity concept stock CRWD closed up 20%. The two major branches of software and network security drove the AI application side to rise sharply. Dingjie Digital, Qilin Xin'an, Tianrongxin, and Jiuqi Software hit the daily limit. Many stocks such as Qi'anxin, Foxit Software, and Sangfor once rose by more than 10% in early trading.
However, directions such as computing power and hardware have a significant drag on the mass entrepreneurship and innovation index, which also indirectly affects the performance of the entire application side. 3) The increase in agricultural product prices continues to catalyze the agricultural sector to gain momentum. Wanxiang Denong, the leader in corn seeds, has shrunk and upgraded to a 4-day limit. Xinsai shares, a cotton stock with a net profit gap, has hit the daily limit for 2 consecutive days. Forestry, fishery, palm oil, sugar and other branches have successively started to make up for the increase, which in turn has driven the downstream food processing industry to start making up for the increase. Black sesame and Zuming shares have both reached the limit. 4) The chemical industry sector continued its previous strength. The pesticide stock Xinnong Co., Ltd. closed after a huge shock and was upgraded to a three-day board. Fertilizer stocks such as Luhua Technology, Chitianhua, and Lutianhua hit their daily limit. Since the Strait of Hormuz carries one-third of the global seaborne fertilizer trade, the obstruction of passage in the strait has triggered a sharp shrinkage in shipping, causing overseas prices of urea and other fertilizers to remain high. A[Morning News Selection on August 31st]
1. The People's Bank of China and the State Administration of Financial Supervision jointly issued the "Opinions on Reforming and Improving Real Estate Credit Management and Promoting the Acceleration of the Construction of a New Real Estate Development Model". Regarding personal housing loan policies, there are these changes: 1. The maximum term of personal housing loans is extended to 40 years; 2. Existing floating-rate mortgages can negotiate interest rate adjustments or loan replacements; 3. Personal housing loan issuance timing requirements; 4. Repayment difficulties can be negotiated to adjust the repayment plan.
2. The China Securities Regulatory Commission has formulated the "Opinions on Capital Market Support for the Construction of a New Real Estate Development Model" to support the refinancing of listed real estate companies and the comprehensive use of issuance of shares, directional convertible bonds, cash and other tools to acquire real estate-related assets.
3. The Ministry of Finance, the State Administration of Taxation, and the China Securities Regulatory Commission issued an announcement on regulating individual income tax policies for the transfer of restricted shares of listed companies. It is proposed that the income obtained by individuals from the transfer of restricted shares of listed companies shall be subject to personal income tax at a tax rate of 20% as "income from property transfer".
4. The Ministry of Housing and Urban-Rural Development, the Ministry of Natural Resources, and the State Administration of Financial Supervision jointly issued the "Notice on Improving the Commercial Housing Sales System". The "Notice" clarifies that all localities must vigorously and orderly promote the sales of existing commercial housing to achieve "what you see is what you get", fundamentally prevent delivery risks, and safeguard the legitimate rights and interests of home buyers.
5. Liu Liehong, director of the National Data Administration, said at the 2026 China International Big Data Industry Expo that it is necessary to study and explore business models such as word value-added subscription and pay-for-performance based on major national economic scenarios.
6. According to the National Data Administration, more than 20 computing power dispatching entities have officially settled in the national integrated computing power network monitoring and dispatching test verification platform to comprehensively improve computing power dispatching operation service capabilities. According to reports, the National Integrated Computing Power Network, as one of the "Six Networks", is a major project proposed in the "15th Five-Year Plan".
7. Kingboard Laminated Board, a copper-clad laminate manufacturer, has raised prices for the seventh time this year, with a uniform price increase of 10% for all thickness FR-4 copper-clad laminates; PP prepreg prices have been adjusted according to specifications, with thick cloth PP above 7628 (inclusive) increasing by 10%, and thin cloth PP below 7628 increasing by 20%.
8. It was learned from the Space Application Engineering and Technology Center of the Chinese Academy of Sciences that China recently made an important breakthrough in the Earth-Moon laser communication test mission, successfully establishing a two-way laser link over a distance of more than 400,000 kilometers from the Earth and the Moon, and achieving two-way high-speed laser communication between the Earth and the Moon for the first time.
9. Changxin Storage announced that Changxin LPDDR6 memory has been officially mass-produced, and Xiaomi 18 Fold new folding flagship mobile phone will be launched for the first time.
10. Changxin Technology announced that in the first half of the year, it achieved operating income of 150.31 billion yuan, a year-on-year increase of 873.64%; the net profit attributable to shareholders of listed companies was 77.605 billion yuan, turning losses into profits year-on-year. The company said that looking forward to the second half of 2026, the global supply shortage of DRAM products will continue.
11. BYD’s revenue in the first half of the year was 344.82 billion yuan, a year-on-year decrease of 7.13%; its net profit in the first half of the year was 12.33 billion yuan, a year-on-year decrease of 20.5%.
12. Wuliangye announced that in the first half of the year, it achieved operating income of 28.417 billion yuan, a year-on-year increase of 20.87%; net profit attributable to shareholders of listed companies was 8.753 billion yuan, a year-on-year increase of 89.3%.
13. PetroChina achieved operating income of 1,527.491 billion yuan in the first half of the year, a year-on-year increase of 5.3%; net profit attributable to shareholders of the parent company was 103.936 billion yuan, a year-on-year increase of 22.0%.
14. Ganfeng Lithium Industry announced that in the first half of the year, it achieved operating income of 23.097 billion yuan, a year-on-year increase of 175.75%; the net profit attributable to shareholders of the listed company was 4.257 billion yuan, turning a loss into a profit year-on-year.
15. Walter Gas announced that it plans to raise no more than 700 million yuan for the construction project of Jiangsu Walter’s semiconductor material production base. Youyan Silicon announced that it plans to acquire the equity interests of Shandong Youyan Ace and Shandong Youyan Semiconductor, which is expected to constitute a major asset reorganization.
16. Zhongjian Technology announced that it plans to invest 1.2 billion yuan to build an intelligent robot industrialization project. Shengyi Electronics announced that its wholly-owned subsidiary plans to invest 2.257 billion yuan to build the "Core Computer Intelligent Link" high-speed interconnection circuit board manufacturing project.
17. 2nd Lianban Xiangjiang Holdings announced that its wholly-owned subsidiary signed a computing power technology service contract of no more than 970 million yuan. Haixing Shares announced that it plans to raise no more than 2.1 billion yuan in additional capital for high-performance high-voltage electrode foil projects for AI computing power supplies.
18. LONGi Green Energy achieved operating income of 27.045 billion yuan in the first half of the year, a year-on-year decrease of 17.58%; the net profit attributable to shareholders of the listed company was a loss of 3.684 billion yuan.
19. Huazheng New Materials’ net profit attributable to shareholders of listed companies in the first half of the year was 173 million yuan, a year-on-year increase of 305.28%. Inspur Information announced that the net profit attributable to shareholders of listed companies in the first half of the year was 2.952 billion yuan, a year-on-year increase of 269.59%.
20. *ST Yuandao announced that the stock will be suspended from trading on August 31 due to forced delisting due to major violations of the law. Wanlishi announced that the company and the actual controller were placed on file by the China Securities Regulatory Commission for suspected violations of information disclosure.
21. The three major U.S. stock indexes closed collectively lower on Friday, with the Dow Jones Industrial Average falling 0.02%, the Nasdaq Composite Index falling 0.52%, and the S&P 500 Index falling 0.25%. That week, the Dow rose 0.53%, the Nasdaq rose 0.85%, and the S&P 500 rose 0.49%.
22. Federal Reserve Chairman Warsh said that inflation data did not show a significant improvement in inflation trends; if the inflation rate cannot reach 2% quickly, there is still work to be done.
23. Iran’s Islamic Revolutionary Guard Corps announced on social media in the early morning of the 31st that Iran launched missiles at a US military base. Earlier, explosions were heard near Iran's Larak Island.
24. Iranian President Pezhechiyan said that Iran is currently working hard to ensure that if the Strait of Hormuz is reopened under a specific framework, the United States must also fulfill its obligations.
25. “Big Short” Michael Burry posted that he was shorting Nvidia, but he also bought call options on Nvidia. He believes that Nvidia's monopoly position will last only a limited time and profit margins will decline in the future.
26. Anthropic plans to publish its IPO prospectus after September 7 and may be listed in the United States in late September or early October. According to reports, the company hopes to raise at least US$130 billion in the IPO to expand its computing power.
— All loaded —
