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[BGI Jiutian: Plans to invest 90 million yuan to participate in the establishment of an investment fund Mainly invested in semiconductors, mobile communications and other fields] On September 2, Huada Jiutian (301269.SZ) announced that the company, as a limited partner, subscribed for a share of Qingdao Jianguang Shuangchuanghuixin Equity Investment Partnership with 90 million yuan of its own funds. The fund has a total subscribed capital of 451 million yuan and mainly invests in semiconductors, mobile communications, automotive electronics, robots and intelligent manufacturing, the Internet of Things, etc., aiming to strengthen strategic cooperation between the upstream and downstream of the industrial chain and jointly build a domestic EDA ecosystem. B[The number of companies with a market value of tens of billions in the North Exchange has increased to 8] On September 2, data showed that as of now, the number of listed companies on the North Exchange has reached 339, and the total market value has increased from about 300 billion yuan at the beginning of the market to about 840 billion yuan, and the number of companies with a market value of 10 billion has increased from 4 to 8. The average daily trading volume of the Beijing Stock Exchange has increased from less than 1 billion yuan at the beginning of the market to about 20 billion yuan currently. At present, more than 60% of the companies listed on the Beijing Stock Exchange have become national-level specialized and special new "little giant" enterprises, distributed in industrial chain segments such as robotics, new energy, aerospace, semiconductors, and automobiles. Over the past five years, the Beijing Exchange has provided a total of approximately 80 billion yuan in financing for small and medium-sized enterprises, with an average of approximately 200 million yuan per company. More than 80% of the funds raised have been invested in green and low-carbon, digital economy, high-end equipment manufacturing, new materials and other fields. (CCTV Finance) B[China has made important breakthroughs in the key technology field of high-end remote sensing dynamic imaging] September 2, according to the State Administration for Market Regulation, China has recently made important breakthroughs in the key technology field of high-end remote sensing dynamic imaging. In response to the mutual constraints of lightweight, low-power consumption, and high-dynamic imaging performance that urgently need to be solved in the fields of drones, satellites, and robots, the State Administration for Market Regulation (Light Sensing and Image Metrology) established by China Jiliang University, in conjunction with Beijing University of Aeronautics and Astronautics and other organizations, organized technical research and achieved centimeter-level ultra-high-resolution three-dimensional imaging under small and low-power constraints, solving the problem of accurate capture and analysis of scene information in industries such as low-altitude economy and intelligent vision. According to reports, the research team has made breakthroughs in core key technologies such as "miniaturized low-power ultra-high-resolution imaging, high-precision transfer function dynamic aberration compensation, and three-dimensional high-precision reconstruction of strong noise environments." The relevant results have independent intellectual property rights, and the overall technology has reached the international advanced level, and some of the technologies are at the international leading level. At present, relevant technological achievements have been applied in fields such as drones, aerospace, forest fire prevention, security, border and coastal defense, industrial robots, special equipment monitoring, smart cities, etc., with significant economic and social benefits. B[The core grouping of version 3.0 of payment by disease has increased to 492 groups, highlighting the "one old and small" and innovative support] On September 2, Yan Bing, deputy director of the Beijing Municipal Medical Insurance Bureau and leader of the DRG technical guidance group, introduced at a press conference on the grouping plan of version 3.0 of payment by disease held today that version 3.0 of payment by disease generally presents the characteristics of "clearer guidance, more refined grouping, and standards that are more in line with reality." Version 3.0 has five main changes compared to version 2.0: First, the grouping is more refined, with the core grouping increasing from 409 to 492, subdivisions increasing from 634 to 825, and rehabilitation, pain, therapeutic operations and difficult combined operations being further subdivided; secondly, paying more attention to "one old and one young", adding new subdivisions for cases under 6 years old and over 70 years old, and painless delivery. It is set to three independent payment groups; the third is to more clearly support medical innovation and set up separate groups for surgical robot-assisted surgeries; the fourth is to further optimize the grouping logic to be more in line with clinical reality; the fifth is to streamline the list of comorbidities and complications, with nearly 3,000 fewer severe comorbidities and complications compared with version 2.0, and about 1,500 fewer general comorbidities and complications. (Reporter Lu Afeng) 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[GEM Index fell more than 1%, computing power hardware led the decline] On September 1, the index weakened, the GEM Index fell more than 1%, the Shanghai Index fell 0.05%, and the Shenzhen Component Index fell 0.54%. Computing hardware, semiconductor chips, robots and other directions were among the top losers, with nearly 2,200 stocks falling in Shanghai, Shenzhen and Beijing. 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[Kuaishou: The National Artificial Intelligence Fund injected 1.4 billion yuan in cash capital into Beijing Keling] On August 31, Kuaishou announced on the Hong Kong Stock Exchange that Beijing Keling entered into joining agreements with the National Artificial Intelligence Fund and Charoen Pokphand Robot Limited (Charoen Pokphand Robot) respectively on the 31st. Accordingly, the National Artificial Intelligence Fund and Charoen Pokphand Robot Limited each agreed to become a party to the capital increase agreement as additional investors, and each injected cash capital of RMB 1,400.00 million into Beijing Keling. and approximately US$19.29 million (equivalent to approximately RMB 131.45 million) (corresponding to Beijing Keling's registered capital of RMB 1,097,518 and RMB 103,047 respectively, accounting for approximately 1.14% and 0.11% of Beijing Keling's registered capital after the expansion of the subscription and the implementation of the subsidiary's share participation plan (assuming that the subscription limit and the plan authorization limit of the subsidiary's share participation plan are fully utilized)). On the same day, Beijing Keling entered into an accession agreement with the National Artificial Intelligence Fund and Zhengda Robot respectively, pursuant to which (among other things), the National Artificial Intelligence Fund and Zhengda Robot were granted repurchase rights. A[Horizon Robot-W releases 2026 semi-annual report: revenue and gross profit increase, and the resilience of automotive intelligent bases highlights] On August 31, Horizon Robot (9660.HK) released its financial report for the first half of 2026 on August 31. During the reporting period, the company achieved operating income of 2.055 billion yuan, a year-on-year increase of 32.9%. Gross profit was 1.356 billion yuan, a year-on-year increase of 32.9%. Comprehensive gross profit margin remained at a high level of 66%.
Among them, shipments of Journey series chips bucked the market trend and increased by 12.1% to 2.218 million units, driving product and solution revenue to increase by 14.8% to 926 million yuan. The company has obtained approvals for nearly 500 vehicle models; in the field of mid- to high-end smart driving, it has obtained approvals for nearly 130 models.
The accelerated realization of the "ARM+Android" underlying licensing model drove licensing and service revenue to 1.129 billion yuan, a year-on-year increase of 52.7%. At the same time, its underlying technology has been extended to embodied intelligence, unmanned logistics vehicles, home intelligence, electric two-wheeled vehicles and other scenarios through partners. Currently, Horizon's value as an intelligent base for automobiles is accelerating, and it is accelerating towards a super platform in the era of physical AI. A[Ministry of Commerce and other 7 departments: Application of brain-computer fusion, artificial intelligence and other technologies in the fields of aging-friendly products, rehabilitation assistive device products and other fields] On August 31, seven departments including the Ministry of Commerce issued implementation opinions on promoting the expansion and upgrading of commodity consumption. Strengthen the research and development of key technologies and core components, and expand the application of brain-computer fusion, artificial intelligence and other technologies in the fields of aging-friendly products and rehabilitation assistive device products. Increase the promotion of high-quality products in the "Product Promotion Catalog for Products for the Elderly", and promote products such as exoskeleton robots, electric wheelchairs, smart mattresses, and equipment such as health monitoring, toilet care, transfers, and bathing aids to enter the homes of the elderly. Explore and establish a certification system for silver hair products. Encourage commercial circulation companies to set up special sales areas for aging-friendly products, and promote aging-friendly products to enter supermarkets, hotels, communities, hospitals, pharmacies, and elderly care institutions. A[Seven departments including the Ministry of Commerce: Accelerate the promotion and application of artificial intelligence mobile phones and computers, smart wearable devices, smart robots, smart homes and other products] On August 31, seven departments including the Ministry of Commerce issued implementation opinions on promoting the expansion and upgrading of commodity consumption. Among them, smart consumption is mentioned. Build a national artificial intelligence application pilot base in the consumer field, improve the artificial intelligence product research and development mechanism, and launch a number of internationally leading smart consumer products with high consumption potential. Accelerate the promotion and application of artificial intelligence mobile phones and computers, smart wearable devices, smart robots, smart homes and other products. Construct consumption infrastructure such as "artificial intelligence + consumption" clusters, collection stores, and artificial intelligence application experience centers. A[Zhiyuan Robot's 20,000th set of MEgo was delivered today, accumulating one million hours of body-free data to empower the large head model] On August 31, the 20,000th set of MEgo's body-less data collection equipment from Meifeng Technology, a subsidiary of Zhiyuan Robot, was officially offline this afternoon and delivered to JD.com for use. At the same time, the company announced that it has produced more than one million hours of high-quality ontology-free data. It is reported that the millions of hours of ontology-free data accumulated by Meifeng Technology all come from real collections in open environments, covering 22 major categories of scenarios, more than 10,000 real environments, and more than 500 subdivided tasks. (Reporter Wang Bin) A[Device-side AI concept is active in early trading, Rockchip has a slight daily limit] On August 31, the device-side AI concept is active in early trading, Rockchip has a slight daily limit, and Meig Intelligent, Fenda Technology, Quanzhi Technology, Broadcom Integration, Espressif Systems, and Fibocom followed the rise. According to the news, on August 27, the open source AI community Hugging Face launched Microduck, a bipedal robot priced at US$399, which aims to lower the threshold for robot use and support new skills in reinforcement learning, simulation and open source software development.
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