A[Overview of U.S. stock market pre-market news: Google is accelerating TPU iteration; Musk predicts that the world will exceed 1 billion humanoid robots in 10 years; Indonesia's largest nickel industrial park may reduce production by as much as 40%] On September 2, 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 in the short term and basically recovered their previous losses. Dow Jones futures rose 0.24%, S&P 500 futures rose 0.09%, and Nasdaq 100 futures fell 0.06%. On the news, Williams, the "third in command of the Federal Reserve", said that inflation is on a slow downward trend and interest rates are at a good level.
2. International oil prices turned from rising to falling. WTI crude oil futures prices fell 0.71% to US$89.580/barrel; Brent crude oil futures prices fell 0.47% to US$94.203/barrel.
3. International gold and silver spot prices turned from falling to rising. Spot gold prices rose 0.16% to US$4,335.17 per ounce; spot silver prices rose 0.62% to US$64.46 per ounce.
4. The three major European stock indexes narrowed their losses. Britain's FTSE 100 index fell 0.29%, France's CAC40 index fell 0.08%, and Germany's DAX30 index fell 0.41%.
5. Vahdat, head of Google's AI infrastructure, said that Google is accelerating the development and iteration of its customized AI chip TPU, shortening the chip update cycle from the original two years to launching two models per year, in order to maintain its leading position in the AI competition.
6. Musk predicted that the Grok 4.7 model will be released in 10 days. The Grok 4.7 model parameter size reached 2.1 trillion, an increase of 40% compared to Grok 4.6 (1.5 trillion).
7. Musk said that it is estimated that the number of humanoid robots will exceed 1 billion in the next 10 years. The output of each robot will be at least five times that of human workers, and the productivity will be higher than the total human productivity in the world.
8. Li Feifei’s startup World Labs released “the world’s first multi-modal world model” Atlas, claiming that the model can generate images and video frames with pixel-level precise camera control and reconstruct them in 3D.
9. NASA announced that it has awarded the Mars communication network development contract to Blue Origin to provide reliable high-bandwidth communication and navigation services for its Mars mission. The contract could be worth as much as $700 million.
10. SK Group Chairman Choi Tae-won said that SK Hynix is considering joint production with Japanese semiconductor giant Kioxia Holdings.
11. Deutsche Bank pointed out that optical network business hardware companies are expected to be the biggest winners in the AI era. The bank listed Coherent and Lumentum, which produce optical components and lasers for connecting data centers, as the "most confident" investment targets.
12. Affected by the drought caused by the El Niño phenomenon, the water supply to the smelter in Indonesia's largest nickel industrial park has been restricted, and the park may have to cut production by as much as 40%. B[China took the lead in formulating the world's first international standard for legged robots and released it] On September 1, we learned from the National Standards Committee that the world's first international standard for legged robots, "Robots - Performance Specifications and Test Methods for Service Robots Part 5: Movement of Legged Robots," led by Chinese experts, was officially released recently. "Legged robots" are a type of robots that rely on their "legs" to walk, run, jump, climb hills, and overcome obstacles. Such robots, such as humanoid robots and robot dogs, have now begun to undertake practical tasks such as performances, inspections, transportation, and search and rescue. (CCTV News) B[The concept of humanoid robots partially recovered, Mingxin Xuteng hit the daily limit] On September 1, the concept of humanoid robots partially recovered, Mingxin Xuteng hit the daily limit, Junchuang Technology rose by more than 10%, Yushu Technology, Megashares, Shanghai Yanpu, Meili Technology, Greatoo Intelligence, etc. followed suit. On the news, Goldman Sachs has significantly raised its forecast for the humanoid robot market in its latest global physical AI report. Global shipments are expected to increase from 75,000 units in 2026 to approximately 890,000 units in 2030, and reach approximately 6.5 million units in 2035, corresponding to a market size of approximately US$138.3 billion. 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.
— All loaded —
