EUR/USD
1.14288
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Gold
4079.69
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74.026
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162.395
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1.34012
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GBP/JPY
217.634
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Real-time News
Artificial Intelligence: 1. OpenAI releases GPT-Live speech model. 2. OpenAI releases national security principles document. 3. Zhipu: Plans to raise over HK$31.4 billion through a share placement at a discount of approximately 13%. 4. Ministry of Industry and Information Technology issues risk warning: Claude Code contains a security backdoor that may leak sensitive user information. 5. US government approves OpenAIs public release of its GPT-5.6 Sol, Terra, and Luna models on Thursday. 6. SpaceX AI and Cursor release Grok AI model, named Grok 4.5, for legal and financial scenarios. 7. Meta announces plans to build a C$13 billion data center in Alberta, Canada. 8. AI chip startup Positron is in talks for approximately $750 million in funding, with a potential valuation of up to $5 billion. Integrated Circuits (Chips): 1. US media: Zhipu is evaluating the possibility of developing its own custom chips amid surging demand for its GLM series AI models. 2. Reports indicate that TSMC is significantly expanding its PIC production capacity, expected to reach 25,000 wafers per month by 2028. 3. Apple and Broadcom have reached a multi-year cooperation agreement worth over $30 billion. 4. SK Hynixs US IPO was reportedly oversubscribed by more than seven times. Other: 1. China Passenger Car Association: June retail sales of passenger cars reached 1.602 million units, a year-on-year decrease of 23.2%. 2. Teslas robotaxi plan is attempting a new rapid expansion strategy. 3. Blue Origin raised $10 billion at a valuation of $130 billion. Venezuelan interim president Rodriguez has sent a letter to the UK requesting the lifting of the freeze on Venezuelan gold holdings at the Bank of England.Colombias National Hydrocarbons Agency (ANH) reported that Colombias commercial natural gas production fell 10.4% year-on-year in May to 717 million cubic feet per day.July 9th - Nvidia (NVDA.O) stock has significantly underperformed the overall chip industry this year. Bank of America believes this presents a "more attractive buying opportunity" rather than a risk warning. Analyst Vivek Arya acknowledges some factors that are causing investor concern, but believes the market is overreacting. Rising HBM component costs have raised concerns about gross margins, but Arya argues that investors are overestimating this pressure while underestimating Nvidias pricing power, economies of scale, and approximately $119 billion in supply chain commitments. He expects Nvidia to offset the impact of higher HBM costs, as the pricing of the next-generation Rubin platform is likely to be significantly higher than the current Blackwell product line, thus keeping gross margins in the mid-70% range. The second biggest investor concern comes from competition in custom chips, such as the TPU co-designed by Google and Broadcom. Arya believes this concern is also exaggerated. Googles TPU has been around for over a decade, while Nvidias GPU revenue has grown 700 times during that time. In the long term, Nvidia will still account for 65% to 70% of AI infrastructure spending by hyperscale cloud providers. Furthermore, Nvidias current forward P/E ratio is approximately 18.69, which is close to half of the average level over the past 10 years and near an 11-year low.Japans broad money supply liquidity rate was 4.5% year-on-year in June, down from 4.7% in the previous month.
