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On July 17th, SpaceX (SPCX.O) shares plunged on Friday, falling as much as 4.6% to $125.13 per share, reducing the companys total market capitalization to $1.65 trillion, a drop of over $1 trillion from its all-time high. SpaceXs market capitalization reached $2.64 trillion at the close of trading on June 16th (its third day of trading). After completing the largest initial public offering (IPO) in history, SpaceXs shares initially surged but have since steadily declined, currently falling below the offering price of $135. This comes after the cancellation of its Starship rockets 13th test flight due to engine ignition problems; Musk stated that the next launch attempt is expected in a few days.SK Hynix ADR (SKHY.O) fell below its IPO price of $149 for the first time.The Philadelphia Semiconductor Index fell more than 5%, AMD (AMD.O) fell more than 7%, Intel (INTC.O) fell more than 6%, and TSMC (TSM.N) fell more than 5%.On July 17th, Apple (AAPL.O) surpassed Nvidia (NVDA.O) to become the worlds most valuable company, as the rankings of tech giants shifted as investors reassessed the prospects of artificial intelligence. Apples stock price remained stable during the session, with a market capitalization of $4.88 trillion; Nvidias stock price fell 3.5%, with a market capitalization of approximately $4.86 trillion. This ranking shift indicates that investors are turning their attention to areas beyond the most obvious beneficiaries of the AI boom, such as Nvidia, which led for nearly a year. This is the first time Apple has regained the top spot since April of last year. Tony Meadows, investment director at BRI Wealth Management, stated, "Apple was once considered a laggard in the AI race due to its lack of investment in developing models, but market sentiment has now shifted. Apple is less reliant on capital expenditures and is better positioned to commercialize AI through services, ecosystem lock-in, and hardware upgrades. This valuation reshuffling reflects market confidence in its earnings sustainability, rather than expectations of a speculative surge in AI."July 17th – The National Blue Carbon Trading Alliance was established and its first conference was held in Shenzhen. Adhering to the principles of openness, equality, co-construction, sharing, and win-win cooperation, the alliance aims to standardize the blue carbon trading market, increase the scale of blue carbon trading, promote blue carbon information sharing, and expand international exchange and cooperation. The conference was hosted by the Shenzhen Municipal Bureau of Planning and Natural Resources and the Shenzhen Municipal Bureau of Ocean Development, under the guidance of the Ministry of Natural Resources and the Guangdong Provincial Department of Natural Resources. The National Blue Carbon Trading Alliance brings together diverse stakeholders, including blue carbon resource suppliers, market demanders, technical service institutions, trading platforms, and financial institutions, and is a cross-sectoral non-profit cooperative organization.