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Just in: European stocks fall on selloff in tech stocks, escalating tensions in Middle East. European stocks fell on Friday, as rising geopolitical tensions and a selloff in technology stocks weighed on the market. The Stoxx Europe 600 index closed down 0.3%, almost erasing all gains for the week. Chip stocks followed losses in U.S. and Asian markets, with ASML and BE Semiconductor Industries falling 3.8% and 4.5% respectively. The technology sector was the worst performer, falling to its lowest level since May. Previously, an unexpected breakthrough by Chinese artificial intelligence startup Dark Side of the Moon sent shockwaves through global markets. Burberry Plc's shares fell 6.4% after reporting first-quarter sales that fell short of expectations; Lagercrantz Group AB's shares fell 7.1% due to disappointing results. Growth in investment income drove Swedish private market investment company EQT AB's performance to exceed expectations, sending its stock price up 11%. European stocks have retreated from record highs as investors assess the impact of rising tensions between the United States and Iran on oil prices and inflation. Market concerns about further escalation have intensified as Iran refuses to make concessions on control of the Strait of Hormuz. #Stocks #AI #Semiconductors #Oil Read more: kgwv.com/tweets/posts/2…

Federal Reserve 6: The philosophy of the Federal Reserve: limited, boundary; can it be realized? According to the latest data for May 2026, the Federal Reserve holds at least about 3 trillion [adequate reserves], which the United States accumulated through years of QE that year. Most of these QE assets are long-term Treasury bonds issued by the U.S. federal government and MBS taken over from the market. Remember, reserves do not belong to the Federal Reserve. They are assets in the accounts of commercial banks and governments. They are reflected in the books of the Federal Reserve and are the liabilities of the Federal Reserve. If we want to reduce the excessively "sufficient" reserves on the Fed's books, here comes the problem. To reduce this part of "liabilities", we must simultaneously reduce the corresponding "assets". So what assets are you selling? And can we achieve the goal of cutting interest rates simultaneously? Difficult, really difficult. ## The Fed’s assets have been severely distorted After switching from [Adequate Reserves] to [Limited Reserves] mode, if the Fed wants to cut interest rates, the reserve requirement ratio IORB and the overnight lending rate ON RRP will have less effect. The only effective tool is basically to trade short-term treasury bonds in the secondary market. So, it means that the balance sheet shrinkage in the hands of Wash is no longer a method of not renewing the investment in short-term government bonds when they expire, because after switching to [limited reserves], because he has to cut interest rates, cutting interest rates means buying short-term government bonds. At this time, the logic became clear. Wash wanted to shrink his balance sheet, and the assets he wanted to shrink were actually: long-term Treasury bonds and MBS. Everyone knows the maturity of long-term treasury bonds. We calculate it based on 5 years, and the longest term is 30 years. MBS mainly focuses on housing loans, and their terms are generally as high as about 20 years. The ultra-long-term return package means that the duration is too long, and the Fed itself is exposed to the risk of natural interest rates. Here is an interesting thought impact for ordinary people: Aren’t interest rates determined by the central bank? When will the central bank itself be affected by "interest rates" and have its own assets still have "interest rate risks"? Let’s hold off for now and continue talking about MBS. MBS has another risk: “prepayment risk” , liabilities such as "demand deposits", once MBS assets are turned into cash in advance, then these money will be accumulated on the asset side of the Federal Reserve and turned into reserves on the liability side, injecting more excess liquidity into banks, and also destroying the Fed's own plan to "reduce excessive excess reserves". This will cause the Fed's own balance sheet to be too bulky and "distorted", making it difficult for it to return to its role as a "flexible bank of last resort." MBS was the asset that supported the Fed's collapse after the real estate bubble burst in 2008. Warsh believed that this was an unconventional QE asset operation that year and went beyond the core responsibilities of the central bank. Long-term treasury bonds are also the asset type that Warsh most likely needs to reduce, or control the proportion of. In the final analysis, the duration is too large. Once the natural interest rate changes, the Fed's own assets will expand and shrink in a relatively large proportion. Moreover, if Warsh wants to further reduce the balance sheet without reducing short-term Treasury bonds, he can only reduce MBS and long-term Treasury bonds. Currently, MBS is about US$2 trillion, and the stock of long-term government bonds with a remaining maturity of more than five years is also about US$2 trillion. Each accounts for about 30% of total assets. Here is another data: the proportion of U.S. debt with a remaining maturity of more than 10 years accounts for more than 40% of its total holdings of U.S. debt. This shows how high the duration of the Fed’s Treasury bonds is. Therefore, there is really no way to reduce the balance sheet without reducing MBS and long-term government bonds. The above only explains why Wash must reduce MBS and long-term treasury bonds from a matter perspective. ## Fed Philosophy: Limited, Boundary Let’s look at it from the perspective of the “Federal Reserve Philosophy”. When Warsh came to power, there was actually a force behind it that wanted the Fed to return to its true role of "limited (financial) government." Since 2008, the Federal Reserve has transformed from a financial and monetary institution with clear boundaries of powers and responsibilities to a core focus of the U.S. government. The Federal Reserve is essentially just a bank, but its main responsibility is not to make profits, but to maintain the stability of its own "Federal Reserve Notes" monetary system. But after 2008, the Federal Reserve began to participate in the real estate market, securities market, corporate market, and even people's livelihood and wealth distribution are also related to it. The deficit that the U.S. government cannot absorb is also financed by it, and U.S. industrial imports and exports are also related to it. It even wants to be the savior for all U.S. economic crises. As long as a crisis occurs, the Federal Reserve will end up accepting assets whose prices have plunged. This is actually another kind of rigid payment. Wall Street is essentially getting a free put option from the Fed. To a monetarist, or to the monetarists behind the Fed, the Fed has crossed the line and the cost of paying for this "put option" is too great. This is also Wash's core judgment. ## There is a group of people who want the Fed to return to limited borders Although Trump has repeatedly hoped that the Fed’s continued release of water will help his election campaign, Trump’s core decision-making power is still filled with absolute conservatives, such as Paul Winfrey. Winfree), hoping that the Fed will significantly shrink its balance sheet and limit its role as a lender of last resort. Ron Paul, conservative congressman, It even advocates the most extreme "limited borders" proposition - that the central bank (the Federal Reserve) itself should not exist. In contrast, Kevin Warsh is considered the "less extreme" among them. From the perspective of market efficiency, some investors and institutions are also worried that the Federal Reserve's excessive intervention will distort asset prices, and hope that its functions will return to its roots, so that it can still provide support for the market in the future. Before QE in 2008, the Fed's asset sheet was small, short-duration, and single-structured. At the end of 2007, the total assets of the Federal Reserve were less than one trillion U.S. dollars. The assets were almost composed of short-term U.S. debt, and the comprehensive duration was only about 4 years. On the liability side, there are not many reserves of commercial banks. The main thing is the circulating "Federal Reserve Notes" - US dollars. The US dollars account for 87% and the reserves are only 13%. Only such a Federal Reserve can be a lightweight, safe, and flexible Federal Reserve. Read more: kgwv.com/tweets/posts/2…

Just in: According to the Financial Associated Press, July 17, Meta’s share price is currently down 4.94%, with a total market value of US$1.60 trillion. According to the Financial Associated Press, July 17, Meta’s share price is currently down 4.94%, with a total market value of US$1.60 trillion. #Stocks #Meta Read more: kgwv.com/tweets/posts/2…

Just in: U.S. storage stocks continued to rise after turning positive, SK Hynix rose more than 8%. [U.S. storage stocks continued to rise after turning positive, SK Hynix rose more than 8%] Financial News, July 18, U.S. storage stocks continued to rise after turning positive, SK Hynix rose more than 8%, SanDisk rose more than 4%, and Micron Technology rose more than 3%. The decline in the Philadelphia Semiconductor Index also narrowed to less than 1%, after falling as much as 5.6% before. #Stocks #Semiconductors Read more: kgwv.com/tweets/posts/2…

Just in: Late at night, U.S. memory chip stocks rebounded collectively! Jin Qilin analyst research report , authoritative, professional, timely and comprehensive, helping you tap potential theme opportunities! Memory chip stocks rebounded. On July 17 (Friday), local time, U.S. stocks opened and continued their previous downward trend. The Nasdaq narrowed its decline after hitting bottom, and the Dow turned positive. As of press time, the Nasdaq fell more than 1%, the S&P 500 fell 0.57%, and the Dow rose slightly by 0.04%. Streaming media giant Netflix fell sharply at the opening, falling more than 12% at one point. Later, its stock price rose. As of press time, the stock was still down nearly 9%. The company's third-quarter performance guidance fell short of market expectations, and platform user viewing activity data failed to dispel Wall Street's concerns. SpaceX's stock price continued to decline after opening on Friday, once falling nearly 7%, and then the decline narrowed significantly. The day before, the company suspended a test flight of its Starship rocket at the last minute. In addition, memory chip stocks have collectively rebounded. As of press time, SK Hynix has risen by more than 3%, and SanDisk and Micron Technology have risen by nearly 2%. SK Hynix fell more than 13%, SanDisk fell more than 12%, and Micron Technology fell more than 5%. U.S. housing starts data fluctuates sharply U.S. housing starts surged in June after falling sharply the previous month, driven by a rebound in apartment construction. Official data released on Friday showed that housing starts increased 19% in June to an annual rate of 1.43 million units, the highest level since March. The data was higher than expected by all economists in the survey. Multifamily housing starts increased by more than 76% to an annual rate of 532,000 units, after plummeting nearly 40% in the previous month. Meanwhile, single-family housing starts fell 0.2%, another decline after a generally sluggish spring for builders. The rebound in multifamily construction highlights the volatility in monthly data, especially in the apartment sector. However, high home prices and high mortgage rates, which have been suppressing demand for single-family homes, may also be supporting demand for apartments. Meanwhile, single-family homebuilders overall have been facing high inventory and weak demand. This has forced many builders to use sales incentives to attract buyers. Streaming media giant Netflix's stock price fell sharply at the opening. The company's third-quarter performance guidance fell short of market expectations, and platform user viewing activity data failed to dispel Wall Street's concerns. According to Netflix’s second-quarter financial report, its second-quarter revenue increased by 13.4% year-on-year to US$12.56 billion, slightly lower than Bloomberg’s consensus estimate of US$12.58 billion; the revenue growth rate dropped from 16.2% in the first quarter of this year. The company forecast third-quarter revenue of $12.86 billion, while Wall Street expected $13 billion. For the full year of 2026, Netflix expects a revenue range of US$51 billion to US$51.4 billion, which is basically the same as the previous forecast of US$50.7 billion to US$51.7 billion. Since the beginning of the year, Netflix’s stock price has fallen nearly 30%. The company admitted that the entertainment industry is highly competitive and the market environment is changing rapidly. Management said: "We will focus on three core directions to continue to lead the industry: outputting higher-quality film and television content, comprehensively optimizing platform services based on technology, and improving commercial monetization capabilities." The company was scheduled to launch its Starship giant rocket within a 90-minute launch window at 5:45 pm on Thursday, but an engine ignition failure forced SpaceX to cancel the launch. "Part of the engine failed to start, triggering the automatic launch abort." Company founder Musk posted on This is SpaceX’s first test flight of Starship V3 since its IPO. A previous attempt in May failed after sending the starship's upper stage to the Indian Ocean. The Super Heavy booster failed to achieve a controlled landing in the Gulf of Mexico because five of its 33 Raptor engines failed to re-ignite. The U.S. Federal Aviation Administration (FAA) ordered an investigation into the accident and gave the company permission on Monday to continue test flights. Since its listing on June 12, SpaceX's stock price once rose by more than 80%, but then continued to fall. Market value has evaporated by more than $1 trillion since its peak. Sina statement: This news is reproduced from Sina's cooperative media. Sina publishes this article for the purpose of conveying more information. It does not mean that it agrees with its views or confirms its description. The content of this article is for reference only and does not constitute investment advice. Investors operate accordingly at their own risk. #Stocks #Tesla #Semiconductors #Earnings #IPO Read more: kgwv.com/tweets/posts/2…

Just in: Trump Media Technology Group proposes to charge a monthly rent of $100,000 for the "Truth API". (Financial Times). Trump Media Technology Group proposes to charge a monthly rent of $100,000 for the "Truth API". (Financial Times) #Stocks #Markets Read more: kgwv.com/tweets/posts/2…

Just in: WTI crude oil rose 4.0% on the day to US$81.42 per barrel. WTI crude oil rose 4.0% on the day to US$81.42 per barrel. #Stocks #Oil Read more: kgwv.com/tweets/posts/2…

What is Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA)? Earnings Before Interest, Taxes, Depreciation and Amortization, often abbreviated as EBITDA, measures a company's profit before interest expenses, tax expenses, depreciation and amortization. It is calculated by adding the company's EBIT and depreciation and amortization expenses (Depreciation & Amortization), which can be found from the company's cash flow statement. Earnings before interest, taxes, depreciation, and amortization are very useful when measuring companies of different types, with different debt structures, and that enjoy different tax benefits. It includes factors such as interest, taxes, depreciation, and amortization in the company's profits to avoid profit deviations caused by differences between different companies. However, it is important to note that EBITDA is not a financial measure under conventional accounting standards (GAAP). Depreciation: refers to the process by which a company gradually reduces the book value of its fixed assets (such as equipment, machines, buildings, etc.) due to wear or aging during use. Depreciation expense is reflected on a company's income statement and represents the spread of the asset's cost over its useful life. Depreciation allows a company to spread the cost of an asset over time over multiple accounting periods, rather than charging it all at once when it is purchased. Amortization: refers to the process by which a company gradually allocates the cost of intangible assets (such as patents, trademarks, copyrights, software, etc.) over a certain period of time. Like depreciation, amortization spreads the cost of an intangible asset over multiple accounting periods, thereby more accurately reflecting the long-term impact of the asset's use on a company's financial condition. The above parameter values can be found from the income statement and cash flow statement of the company's financial report. Earnings before interest, tax, depreciation and amortization calculation example This chapter will perform example calculations using Apple’s September 2023 financial report: The income statement and cash flow statement in AAPL's financial report are as follows: From Apple's income statement, you can get operating profit (EBIT). Operating Income$114,301 million AAPL Income Statement (September 30, 2023) From Apple's cash flow statement, you can find depreciation and amortization expenses: Depreciation & Amortization$11,519 million So: EBITDA = operating profit + depreciation and amortization = $114,301 million + $11,519 million = $125,820 million What investment guidance does EBITDA have? Earnings before interest, taxes, depreciation and amortization can measure the company's total cash flow from operating activities, because this profit includes interest, taxes, depreciation and amortization. Therefore, if the earnings before interest, taxes, depreciation, and amortization are very low or even negative, it means that the company's cash flow situation is very poor. However, if the profit before interest, taxes, depreciation and amortization is very high, it can only mean that the company's overall cash flow situation is very good, but it cannot judge that the company's profitability is very good. Therefore, when evaluating a company's profitability, more financial data, such as gross profit, net profit, free cash flow, etc., are needed to conduct a comprehensive analysis. Since EBITDA takes into account the company's depreciation and amortization, and amortization is greatly affected by intangible assets, technology and technology companies that hold a large number of intangible assets are more willing to use EBITDA to measure the company's overall operations. At the same time, for asset-heavy industries, EBITDA can take into account the depreciation expenses of a large number of fixed assets in profits. Although these expenses do not constitute the company's core operating income, they play an important role in the company's operations. Therefore, the use of EBITDA can reflect the company's ability to obtain cash flow through its core business. When comparing different companies, using EBITDA can better avoid valuation bias caused by differences in debt allocation, tax benefits, and asset ratios. Because EBITDA takes all these parameters into account, different companies can be analyzed from a unified perspective. EBITDA vs EBIT EBIT is earnings before interest and taxes, while EBITDA is earnings before interest, taxes, depreciation, and amortization. Both EBITDA and EBIT add interest expense and tax expense to net income. The difference is that EBITDA also adds the company's depreciation and amortization to net income. Therefore, the value of EBITDA will be greater than or equal to EBIT. EBIT Earnings before interest and taxes EBITDA Earnings before interest, taxes, depreciation and amortization Calculation method: operating profit (if there are non-recurring expenses, operating profit needs to be added) operating profit + depreciation and amortization (if there are non-recurring expenses, operating profit needs to be added)) Usage scenarios are used to evaluate the profitability of the company's core ongoing operating activities. Used to evaluate the cash flow of the company's core ongoing operating activities. Whether to consider non-core income/expense❌❌ Value is close to free cash flow cash flow from operating activities What financial metrics can EBITDA be used to calculate? enterprise value multiple Enterprise value, or EV/EBITDA in English, measures a company's enterprise value relative to its earnings before interest, taxes, depreciation, and amortization. Enterprise value multiples are mainly used to value companies. When the enterprise value multiples are high, it means that the company's value is overvalued. When the enterprise value multiples are low, it means that the company's value is undervalued. This ratio is suitable for companies in the same industry or with similar nature, otherwise there will be a large evaluation deviation. EBITDA margin EBITDA margin refers to earnings before interest, taxes, depreciation, and amortization as a percentage of a company's total revenue. Used to evaluate how much profit a company was able to generate from revenue without taking into account interest, taxes, depreciation, and amortization expenses. EBITDA margin = EBITDA ➗ Total revenue The significance of this value is to measure the impact of operating expenses on the company's gross profit. The higher the value, the smaller the financial risk of the company. More company value analysis What are minority interests? How to handle the profits of subsidiaries? What is Shareholders’ Equity? Shareholders’ Equity What is the Price to Cash Ratio (P/CF)? How to calculate? What is Operating Expense OpEx? Operating Expenses What is Cost of Goods Sold (COGS)? How to calculate? What is company profit? Gross profit, operating profit, net profit What is enterprise value multiple? Enterprise Multiple What are preferred shares? Preferred Stock What is operating leverage? Degree of Operating Leverage What is debt service ratio? Debt Service Coverage Ratio Full article: kgwv.com/encyclopedia/f… #Investing #Markets #Stocks Read more: kgwv.com/tweets/posts/2…

Just in: Zuckerberg’s Meta Platforms Inc. is negotiating to lease computing power to Anthropic. (New York Times). Zuckerberg’s Meta Platforms Inc. is negotiating to lease computing power to Anthropic. (New York Times) #Stocks #Meta Read more: kgwv.com/tweets/posts/2…

Just in: Midday: U.S. stocks continue to fall, with all three major stock indexes likely to record losses this week. In the early morning of July 18th, Beijing time, U.S. stocks continued to fall in midday trading on Friday, and all three major stock indexes are likely to record losses this week. Rising concerns over artificial intelligence spending weighed on market sentiment and dragged technology stocks lower. U.S. Treasury yields fell. The Dow fell 89.61 points, or 0.17%, to 52,463.36 points; the Nasdaq fell 313.87 points, or 1.21%, to 25,568.08 points; the S&P 500 fell 49.58 points, or 0.66%, to 7,484.19 points. All three major U.S. stock indexes are likely to record losses this week. U.S. Treasury yields fell on Friday as traders continued to focus on escalating tensions in the Middle East, after a series of economic data released this week showed that the U.S. economy is suffering from inflationary pressures caused by U.S.-Iran tensions. The yield on the key 10-year Treasury note, the main benchmark for mortgages, auto loans and credit card debt, fell more than 4 basis points to 4.525%. The yield on the 2-year Treasury note, which typically moves in line with the Fed's short-term interest rate decisions, fell 3 basis points to 4.124%. The 30-year Treasury yield, which tends to track broader geopolitical events, fell more than 3 basis points to 5.061%. Global chip stocks extended losses on Friday, with shares of U.S.-listed chipmakers and related companies falling in pre-market trading. The iShares Semiconductor ETF (SOXX) fell nearly 3% and the VanEck Semiconductor ETF (SMH) fell more than 2%. The company and Ram Research shares fell 4% and 3% respectively. , KLA Corporation and Arm all fell around 3%. fell more than 1%. Nvidia shares fell 2%. The losses added to losses in the previous session, which were also led lower by the semiconductor sector. SMH fell 6.9% this week and is on track to post its third weekly decline in four weeks. Major stock indexes also fell this week, with the S&P 500 falling 0.6%, the Dow and the Nasdaq falling 0.2% and 1.5% respectively. The sell-off in Asia-Pacific markets accelerated on Friday, with chip stocks extending their losses. The sell-off also spread to European markets on Friday. Investors are "increasingly questioning the sustainability of the current AI capital spending boom," BBH strategists said in a note early Friday. "The Bank for International Settlements' annual economic report warns that boom-bust cycles have been common in past investment booms driven by transformative technologies," they noted. Meanwhile, Barclays strategists appeared unfazed by tech stock volatility in a note on Friday. "While tech stock volatility is likely to persist in the short term, we believe the rebalancing of positioning will ultimately prove healthy, creating more attractive entry points for long-term investors targeting structural AI themes," they said. Shares were also a major drag on Friday, falling more than 11% after the company reported second-quarter results that were broadly in line with expectations but a disappointing profit forecast. The further escalation of the US-Iran war also remained the focus of the market on Friday, and oil prices rose accordingly. U.S. West Texas Intermediate crude futures were last trading above $80 a barrel, while international benchmark Brent crude futures were trading above $85. U.S. Central Command said it completed its sixth consecutive night of strikes against Iran overnight, hitting dozens of military targets, including logistics infrastructure and maritime capabilities. Iranian officials claimed on Friday that they had launched attacks against U.S. troops in Syria and Bahrain, further expanding Tehran's scope of attacks across the Middle East. The collapse of a fragile ceasefire agreed last month has once again disrupted energy shipments through the strategic Strait of Hormuz, which normally carries about 20% of global oil shipments. Data released by the U.S. Bureau of Labor Statistics on Friday showed that the price of U.S. imported goods unexpectedly rose in June, with prices of goods from China recording the largest monthly increase in more than 18 years. Import prices rose 0.3% month-on-month during the month, with falling energy prices offset by increases in other areas. On a year-on-year basis, import prices jumped 7.1%, the largest increase since August 2022. Economists surveyed had expected import prices to fall 0.8% in June. The report shows that the construction of artificial intelligence infrastructure may be driving up prices, with computer, peripheral and semiconductor costs all rising. In addition to those areas, industrial and maintenance machinery drove up costs, offsetting a 0.4% decline in fuels and lubricants, a category that had posted a 12.6% increase in May, the Bureau of Labor Statistics said. #Stocks #Nvidia #AI #Semiconductors #Fed Read more: kgwv.com/tweets/posts/2…

Just in: Apple, Nvidia compete for world's most valuable company. The total market capitalization surpassed Nvidia and regained the title of the world's largest company by market capitalization. Apple's stock price will outperform the AI chip giant in 2026. Investors are optimistic about Apple's artificial intelligence investment plan and give a valuation premium. NVIDIA surpasses Since then, it has consistently ranked first in global market capitalization. IDC Institutional View: Although Apple has raised product prices and released demand in the Chinese market ahead of schedule, its revenue in the second quarter will still maintain growth. Apple and Nvidia launched a battle for the world's most valuable market capitalization title on Friday, with the iPhone maker briefly surpassing long-time leader Nvidia in terms of market capitalization. In early trading, Nvidia's stock price fell by about 3%, and its total market value fell to US$4.84 trillion; during the same period, Apple's market value remained near US$4.88 trillion. However, the market value rankings of the two subsequently reversed again. In 2026, the stock price trends of the two companies will diverge significantly. Apple's stock price has soared 22% this year, outperforming the broader market. At present, major companies are spending huge sums of money to expand AI infrastructure. The market is optimistic about Apple's artificial intelligence layout and its light capital expenditure business model, and funds continue to pursue the stock. Apple's stock price also hit a record high this week; HSBC upgraded Apple's stock rating to "buy" on the grounds that Apple's new AI functions have been implemented and its product line has abundant reserves. HSBC Research wrote: “The AI dividend comes at the right time, and we believe Apple currently has one of the most innovative product pipelines in history.” Nvidia, on the other hand, grew only 7% during the year. The direction of Wall Street funds has changed, and market funds are focusing on the memory chips and infrastructure links in the data center construction cycle. While storage companies have benefited from this, NVIDIA's stock price performance has been relatively dull. Since Nvidia surpassed Microsoft in market capitalization in June 2025, it has secured its position as the world's largest market capitalization. In October of the same year, Nvidia became the first company in history to have a total market value exceeding US$5 trillion. Also in October 2025, relying on strong iPhone sales, Apple's market value reached the $4 trillion mark for the first time. #Stocks #Nvidia #Apple #Microsoft #AI Read more: kgwv.com/tweets/posts/2…

Just in: U.S. bond yields hit a daily high as investors focused on tensions between the United States and Iran. WTI crude oil rose by $0.6/barrel within 5 minutes to $81.32/barrel; Brent crude oil rose by $0.51/barrel within 5 minutes to $87.31/barrel. U.S. bond yields hit a daily high as investors focused on tensions between the United States and Iran. WTI crude oil rose by $0.6/barrel within 5 minutes to $81.32/barrel; Brent crude oil rose by $0.51/barrel within 5 minutes to $87.31/barrel. #Stocks #Bonds #Oil Read more: kgwv.com/tweets/posts/2…

Just in: The first US$400 million financing secured by inference chips reveals new trends in AI investment. AI inference cloud startup General Compute has received a $400 million loan from technology investment firm Upper90. This may be the first deal to use inference-specific chips as collateral - chips used to run trained AI models quickly and efficiently, rather than the more expensive training chips used to build the models. The financing is the latest response to market concerns about AI tools and token prices—investors are turning to infrastructure using open source models that cost far less to run than cutting-edge labs’ latest big language models. General Compute, founded by CEO Finn Puklowski and CTO Jason Goodison, raised $15 million in seed funding in May to build around Supported by chipmaker SambaNova's silicon-based inference cloud. The company uses the SN50 chip, which is specially designed for inference, has low power consumption and does not require expensive water cooling systems, and can be deployed in a variety of data centers faster than GPUs. The inference speed of the new chip is said to be 16 times that of the GPU cloud. The challenge, especially for new companies, is acquiring large quantities of these chips. Upper90 co-founder and CEO Billy Libby provided financing for Crusoe's GPU purchase in 2021 in what is believed to be the first loan targeting the value of advanced chips. At the time, traditional lenders were reluctant to get involved due to the risk of GPU depreciation, but as CoreWeave developed chip mortgage loans into a business model and successfully IPOed, such financing has become increasingly common. Libby said: "When we took the lead in financing NVIDIA GPUs, the market was not very efficient. As an early participant, we were able to design solutions and get returns from the risks." Now that GPUs are fully recognized and even overbought, Upper90 turns to General Compute to capture the next stage of the AI wave. Libby pointed out: "We believe that open source models will become important, and last year we started looking for players in the inference field. Not everyone needs a supercomputer, but they do need inference and AI." This trend is continuing to gain momentum, and companies that provide access to open source models such as OpenRouter and Fireworks are completing new rounds of financing at high valuations. New models such as the Kimi K3 have proven to compete with the latest offerings from Anthropic and OpenAI on programming benchmarks. New chipmakers such as Groq and Cerebras are also attracting attention from acquirers and public markets. General Compute's ability to acquire chips outside of the Nvidia ecosystem is also critical. Another AI infrastructure company, TensorWave, is working with Collaborate on similar layouts. As alternatives to Nvidia continue to emerge, computing power providers that are not bound by Nvidia's agreement may have an advantage in cost-benefit reasoning. Puklowski said: "There are a number of chips that are scaling up, have excellent total cost of ownership or run faster than NVIDIA, but there are not many buyers. The cooperation with Upper90 is not only a start-up company obtaining funds to purchase computing power, but also the first signal of capital organization, marking the fission of NVIDIA's monopoly pattern." #Stocks #Nvidia #AI #Semiconductors #IPO Read more: kgwv.com/tweets/posts/2…

Just in: ASML plans to issue one-time bonus of 20,000 euros to employees as strong demand for AI drives performance growth. Europe's most valuable company said in an emailed statement on Friday that it will grant stock awards to global employees on January 1, 2027, provided that employees continue to serve throughout the vesting period, and the awards will be completed in early 2030. In May this year, it also promised to increase the profit sharing received by employees by more than 30% on average this year. ASML raised its full-year sales forecast for the second time this year on Wednesday and announced that it will expand production capacity to meet the growth in demand driven by AI. The company, headquartered in Veldhoven, the Netherlands, is the only manufacturer in the world that can produce advanced photolithography machines, which are indispensable and key equipment for manufacturing advanced semiconductors. #Stocks #AI #Semiconductors #Earnings Read more: kgwv.com/tweets/posts/2…

Just in: Coca-Cola's Fairlife dairy unit hit by ransomware attack, production halted. The company said one of its dairy subsidiaries was hacked and will suspend operations for the foreseeable future. The multinational giant said in a disclosure document submitted to the U.S. Securities and Exchange Commission that its Fairlife dairy company was attacked by ransomware and its production system was affected. The company said all Fairlife manufacturing operations in the United States have been "temporarily suspended." Fairlife's operations in Canada are not affected. Coca-Cola is one of the world's largest companies, with products ranging from carbonated drinks to water and dairy products. Fairlife Dairy is one of the company's main brands, with sales expected to be approximately US$4 billion in 2024. Ransomware attacks targeting food and beverage companies can have lasting effects. Similar incidents experienced by Arizona Beverages in 2019 and food distribution giant UNFI last year resulted in production lines being disrupted for weeks and shelves empty. Coca-Cola did not say when the Fairlife system would be restored. #Stocks #Markets Read more: kgwv.com/tweets/posts/2…

Just in: U.S. companies accelerate the expansion of AI-native Microsoft operating models. The ISG Provider Lens® report points out that U.S. companies are increasingly paying attention to the measurable value of AI, pushing organizations to integrate data, productivity and cloud capabilities. Information Services Group (ISG), a global technology research and consulting company with AI as its core, released the latest research report today saying that American companies are AI and cloud capabilities are integrated into the AI-native operating model to improve enterprise performance. The report points out that companies are integrating AI, data, analytics and productivity technologies into a unified environment to achieve continuous automation and business intelligence. Increasing economic pressures and greater scrutiny of technology spending are driving higher demands from enterprises for measurable business results, predictable costs and faster realization of value from their AI and cloud investments. Bill Huber, partner of digital platforms and solutions at ISG, said: "Enterprise AI is entering a stage where economic discipline is as important as technical capabilities. Organizations are looking beyond single AI tools to redesign workflows, simplify technology environments and create business value. As enterprises increasingly prefer integrated operating models rather than isolated solutions, platforms such as Microsoft are benefiting from this." Enterprises are embedding Microsoft Fabric, Azure OpenAI and Copilot into business applications, productivity tools and data platforms to deeply integrate AI into business processes. Integrated intelligence enables continuous optimization, real-time insights, and more consistent business execution across multiple functions. The unified platform also simplifies the technology environment, helping organizations lay the foundation for scalable, long-term AI applications. U.S. enterprises are changing the way they consume Azure services. The increased use of AI-intensive applications, real-time analytics, and data-centric architectures has driven attention to cost transparency, resource optimization, and financial accountability, thereby promoting the popularity of FinOps practices. Enterprises are also more likely to choose a platform-based operating model rather than a one-time implementation because it is more conducive to continuous improvement and measurable business results. As AI applications expand, U.S. organizations are strengthening the construction of responsible AI frameworks. Many enterprises are establishing AI centers of excellence, policy-based controls and continuous monitoring to improve visibility and maintain trusted AI operations. ISG pointed out that enterprises are increasingly favoring Microsoft's pre-integrated AI solutions in the commercial market because of their combination of security, transparent pricing and proven architecture. Report author Dr. Tapati Bandopadhyay said: "Successful Microsoft AI projects combine scalable platforms with rigorous execution and trusted operational practices. Service providers help enterprises build repeatable frameworks that enable them to scale AI applications while aligning technology investments with business goals." The report also explores other trends in Microsoft's AI and cloud ecosystem, including growing demand for AI-driven managed services and the increasing popularity of multi-agent AI systems that support autonomous workflows and real-time decision-making. The report evaluates the capabilities of 35 service providers in four quadrants. and Avanade, , DXC Technology, HCLTech, Hexaware, Infosys, NTT DATA, Rackspace Technology and TCS were named leaders in all four quadrants. LTM is rated a leader in three quadrants. Capgemini, Coforge, Genpact, and Kyndryl were each rated leaders in a quadrant. Additionally, Coforge and Tech Mahindra were rated as Rising Stars in two quadrants, while Brillio, Genpact, Kyndryl and Persistent Systems were rated as Rising Stars in one quadrant each. In terms of customer experience, Wipro was named a Global ISG CX Star Performer among Microsoft Ecosystem Providers 2026. Wipro received the highest customer satisfaction score in the ISG Voice of the Customer survey, part of the ISG Star of Excellence™ program, the technology and business services industry's top quality recognition. #Stocks #Microsoft #AI Read more: kgwv.com/tweets/posts/2…

Just in: Amazon fixes AWS billing system glitch, some customers were mischarged billions of dollars. Cloud service customers discovered on Friday that their bill estimates showed billions of dollars in arrears, even though the services were not actually used. Amazon confirmed on Friday that it is working to resolve a glitch in its AWS billing portal. The outage resulted in some customers showing up to millions or even billions of dollars in unpaid cloud computing bills. Amazon said in an update on its status page that it began noticing anomalies in billing data late Thursday night. But by Friday morning, the company acknowledged that "rolling back the recent change did not resolve the issue," noting that the change involved the billing subsystem. The good news is that customers who are shown to be "owed" millions or billions of dollars will likely not be responsible for those charges. Amazon said billing estimates "do not reflect actual usage and charges." According to screenshots posted by Amazon customers on Reddit, one customer's AWS usage bill for the month was estimated to be close to $2.5 billion, and other customers received similar alerts with amounts ranging from millions to hundreds of millions of dollars. An Amazon spokesman did not immediately respond to a request for comment. According to Amazon's status page, the issue is expected to persist for several more hours. #Stocks #Amazon Read more: kgwv.com/tweets/posts/2…

Just in: Colgate-Palmolive to Live Broadcast Second Quarter Earnings Conference Call on July 31, 2026. Colgate-Palmolive Company (NYSE: CL) will host its second quarter 2026 earnings conference call live via audio webcast on Friday, July 31, 2026 at 8:30 a.m. ET. The conference call was hosted by Chairman, President and Chief Executive Officer Noel Wallace, Chief Financial Officer Stan Sutula, Executive Vice President of Investor Relations Claire Ross, and Executive Vice President of M&A and Special Projects John Faucher. Investors can visit Colgate's official website at investor.colgatepalmolive.com/events-and-web… to view financial press releases, related materials and listen to live audio. Users who are unable to listen to the live broadcast can watch the meeting replay in the Investor Center on Colgate’s official website. Colgate-Palmolive's business focuses on oral care, personal care, home care and pet nutrition. Its brands include Colgate, Palmolive, Ajax, Axion, Darlie, elmex, EltaMD, Fabuloso, Filorga, hello, Hill's prescription food, Hill's Xueliang, Irish Spring, Lady Speed Stick, meridol, PCA SKIN, Prime100, Protex, Sanex, Softsoap, Sorriso, Soupline, Speed Stick, Suavitel and Tom’s of Maine, etc., products are sold to more than 200 countries and regions around the world. #Stocks #Earnings Read more: kgwv.com/tweets/posts/2…

Just in: Databricks valuation rises to $188 billion as AI boom continues to drive growth. Databricks, a data analysis and artificial intelligence company, recently announced the signing of a new round of strategic financing term sheet, valuing the company at US$188 billion, an increase of approximately 40% from the previous valuation of US$134 billion. This round of financing is led by existing investor Coatue Management, with a financing scale of approximately US$3 billion, and is expected to be completed by the end of this summer. Databricks provides a unified data intelligence platform to help enterprises ingest, analyze and build AI applications from complex data sources. Its products have evolved from data lake warehouses to full-stack platforms covering data storage, governance, analysis and AI model deployment. The company's core products include multi-AI governance solution Unity AI Gateway, AI assistant Genie, and cloud database Lakebase specially built for AI agents. The company's performance is growing strongly. Previously disclosed annualized revenue has reached US$4.8 billion, a year-on-year increase of more than 55%, and it has achieved positive free cash flow in the past year. According to reports in June, annualized revenue has further climbed to US$5.4 billion, a growth rate of 65%. This round of financing will be used to accelerate the advancement of AI strategy, focusing on the research and development of Unity AI Gateway, Genie and Lakebase, and is expected to support future AI-related acquisitions. Ali Ghodsi, co-founder and CEO of Databricks, said that enterprises are moving from "Token maximization" to "value maximization", hoping to get the best price/performance ratio for each task, rather than simply using the smartest model. Databricks and Snowflake are major competitors in the data analysis field, and are regarded by analysts as one of the top private technology companies expected to go public after OpenAI and Anthropic. As enterprises accelerate investment in AI infrastructure and the value of the platform layer continues to amplify, Databricks, as a key player in controlling model testing, routing and compliance approval, is receiving great attention from investors. #Stocks #AI #Earnings Read more: kgwv.com/tweets/posts/2…

Just in: Madoro Metals signs definitive agreement for proposed reverse takeover transaction. Madoro Metals Corp. (hereinafter referred to as "Madoro" or the "Company") (TSX Venture Exchange: MDM; OTC: MSTXF; Frankfurt: A2QQ1X) The Company announced on July 17 that, following the press releases issued on February 2, 2026 and May 4, 2026, the Company has entered into an agreement with 9525-9867 Québec Inc. (hereinafter referred to as the "Seller") and Narrow River Resources Pty Ltd. ("NRR") has entered into a definitive share purchase agreement in connection with the Company's previously announced proposed reverse takeover transaction (the "Proposed Transaction"). According to the final agreement, Madoro will acquire NRR's Quebec mineral assets by acquiring the issued shares of a Quebec subsidiary in exchange for the issuance of Madoro common shares and certain related transaction considerations. The specific terms and conditions are subject to the final agreement. Madoro Executive Chairman Brian Ostroff said: "With the signing of the documents, we are now fully committed to advancing the development of the combined company. Québec has discovered several important hard rock lithium deposits, proving that it is an important global key mineral exploration destination. The combination of the two companies has established leading lithium exploration opportunities in Quebec's emerging Décelles mining area." Completion of the proposed transaction remains subject to regulatory and shareholder approval, TSXV acceptance, completion of private placement financing, execution of ancillary transaction documents and satisfaction of other customary closing conditions. #Stocks #Markets Read more: kgwv.com/tweets/posts/2…