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Real-time News
August 26th - According to foreign media analysis, Wall Street is now focusing not only on Nvidias (NVDA.O) expectedly strong second-quarter earnings, but also on its AI-related credit exposure, which could reach $200 billion by 2028. Investors want Nvidia to further clarify its off-balance-sheet commitments related to financing, supply, and power for AI infrastructure. Despite these market concerns, Nvidias second-quarter revenue is still expected to nearly double to $92.2 billion, primarily driven by continued strong demand for data centers.On August 26, Tesla China responded to online rumors that its Shanghai Tesla data center was deserted, stating, "This is false information, and we have reported the matter to the police. Our data center is operating normally, and the recruitment process for driver assistance systems is being accelerated. All related work is progressing steadily."On August 26th, Bank of America stated that SpaceXs (SPCX.O) expanding wireless communications business could benefit T-Mobile US (TMUS.O), tower companies, and the value of spectrum assets. Bank of America pointed out that if SpaceX wants to build a competitive nationwide wireless communications network, it will need to make large-scale investments, acquire more spectrum resources, and spend years building the related infrastructure. However, Bank of America believes that SpaceXs satellite connectivity business is more likely to complement existing mobile communication networks rather than completely replace terrestrial networks. This means that SpaceX may establish partnerships with T-Mobile and tower operators in the future, creating new business opportunities for these companies.August 26th - This week, central bank officials from around the world will gather in Jackson Hole, Wyoming, to discuss how to re-examine global inflation and the prospect of further increases in borrowing costs in the face of new inflationary threats. Spiros, an economist at Thin Ice Macro in Frankfurt, stated, "Global central banks are likely to adopt a cautious stance, viewing inflation as the risk they least want to see. You never know when the next supply shock will suddenly appear." Subadra Rajapa, head of US research at Societe Generale, noted that countries differ in their urgency regarding inflation, partly due to their varying degrees of sensitivity to energy cost fluctuations, which in turn depend on their import volumes. He pointed out that Europe and Japan are "more sensitive to the situation in the Middle East and oil prices." "We estimate that policy rates in the US and UK will remain tight," said Jarry Stern, chief European economist at Goldman Sachs. "Different starting points mean different pressures on countries to cope with the energy shock, giving the Fed and the Bank of England more time to observe how this shock evolves." Former Philadelphia Fed President Patrick Harker said, "The Iran war has changed the way people discuss issues and make policy choices, and there seems to be no end in sight." "This makes this years Jackson Hole symposium completely different because we are now in a typical supply shock environment, or more accurately, multiple supply shocks hitting the global economy simultaneously."Palestinian Health Ministry in Gaza: Since the start of the war on October 7, 2023, 73,438 people have been killed and 174,447 injured.
