HSHUAHO@EP2611A.P (25502) News

Weekend buzz: “Empty deposits, multiple lights”?

Well-known memory sector bull Jukan has turned cautiously bearish in the short term, citing three reasons: First, following the functional breakdown of South Korea's leveraged ETF market, related investors are facing redemption pressures that could exert additional selling pressure on memory stocks. Second, NVIDIA is adjusting the architecture of its next-generation AI systems, with Rubin Ultra potentially reducing HBM configurations per rack and instead using optical interconnects to link multiple racks. Third, market expectations that memory prices will peak over the next two quarters are strengthening. In contrast, prominent investor "White-Haired Oracle" Serenity argues that the fundamentals of the memory sector remain unchanged, asserting that the market is merely rotating "from one bottleneck to another."

wallstreetcn13:45

AI hardware price hikes ripple through 3C leasing: demand doubles as rental firms dismantle and sell graphics cards and memory modules

① Several equipment leasing providers indicated that compared to the price increases of upstream hardware components such as memory and graphics cards, rental prices for consumer electronics have not risen as significantly, with some products seeing price hikes of approximately 5%. ② Industry insiders revealed that amid rising hardware prices, some suppliers opt to disassemble and directly sell components like graphics cards and memory modules. Many small and medium-sized equipment lessors also sell parts or entire devices to quickly generate cash, planning to repurchase them once prices decline in the future.

cls.cn09:20

Zhitong Stock Connect Active Trading | August 7

Stock Connect Active Trading | August 7, 2026

Zhitong FinanceAug 7 19:00

Southbound Capital Flows | Southbound capital recorded a net sell-off of HK$778 million; continued accumulation of MINIMAX (00100) with combined purchases over two days exceeding HK$4.9 billion

On August 7, southbound capital recorded a net selling of HK$778 million in the Hong Kong stock market. Of this, Stock Connect (Shanghai) reported a net buying of HK$571 million, while Stock Connect (Shenzhen) reported a net selling of HK$1.349 billion.

Zhitong FinanceAug 7 17:48

Market Snapshot | All three major indices rose, with the Hang Seng Tech Index up 0.78%; large-model-related stocks performed strongly, Zhipu AI surged nearly 15%, and MINIMAX gained almost 10%; PCB-related stocks advanced, with T.T. Board Holdings rising

Technology and internet stocks declined across the board, with SenseTime Group down 3.95% and NetEase up 1.08%; pharmaceutical stocks rose collectively, led by Pharmaron advancing 12.07% and Insilico Medicine up 10.88%; semiconductor stocks gained, with GigaDevice rising 6.80% and Tianshu Zhixin up 6.31%;

Futu NewsAug 7 16:25

NVIDIA reportedly tests a downgraded version of the Rubin Ultra GPU—how are chipmakers navigating the HBM shortage?

① NVIDIA is reportedly testing multiple Rubin Ultra GPUs, with some alternative versions featuring less HBM memory than initially planned, and mass production specifications have not yet been finalized; ② Analysts note that due to constraints such as DRAM capacity, HBM supply will remain tight through 2027, allowing upstream memory manufacturers to retain pricing power; ③ Industry sources indicate that NVIDIA is attempting to reallocate budget toward optical interconnects and tiered storage solutions to mitigate memory bottlenecks.

cls.cnAug 7 11:59

Earnings Preview: HUA HONG SEMI to Report Financial Results on August 13

$HUA HONG GRACE(01347.HK)$ is scheduled to release its financial results on August 13 BJT. Earnings PreviewAnalysts estimate $HUA HONG GRACE(01347.HK)$ to post revenue of USD704.92M for 2026Q2, up 24.

Futu NewsAug 7 09:00

Zhito HK Connect Holdings Ratio Anomaly Statistics | August 7

ZHITONG HK Connect Holding Ratio Anomaly Statistics | August 6, 2026

Zhitong FinanceAug 7 08:36

Top 20 by Trading Volume | SpaceX surges 6% despite lock-up expiration concerns; NVIDIA considers reducing memory capacity for Rubin Ultra chips; Google's latest bond offering receives over four times subscription; SanDisk and Western Digital both plunge

Micron Technology, the most actively traded stock on the U.S. market on Thursday, fell 1.31% with a trading volume of $31.127 billion. Shares in the U.S. memory chip sector broadly declined on Thursday, following downgrades to SanDisk's target price by brokerages including Citi and Jefferies.

Global Markets UpdateAug 7 06:44

U.S. Stock Market Close | Markets tread cautiously ahead of nonfarm payrolls data and the U.S.-Iran deal, with major indices ending lower—Dow snaps five-session winning streak; tech stocks diverge, Microsoft rises nearly 3% to hit a new high for the year;

On Thursday, all three major U.S. stock indexes closed lower, with the Dow Jones Industrial Average down 0.85%, the S&P 500 down 0.18%, and the Nasdaq Composite down 0.06%. Memory chip stocks plunged, with Western Digital falling more than 13%. The Wind Mag 7 Index rose 0.23%, led by Microsoft, which gained over 2%. The 10-year U.S. Treasury yield climbed 6.5 basis points, and Brent crude oil futures settled up 3.83%.

wallstreetcnAug 7 06:27

Zhitong Stock Connect Active Trading | August 6

Stock Connect Active Trading | August 6, 2026

Zhitong FinanceAug 6 19:00

Southbound Capital Flows | Southbound capital recorded a net sell-off of HK$1.461 billion; MINIMAX (00100) officially added to Stock Connect, with southbound investors accumulating nearly HK$2.7 billion worth of shares throughout the day

On August 6, southbound capital recorded a net selling of HK$1.461 billion in the Hong Kong stock market. Specifically, Shanghai-Hong Kong Stock Connect saw a net buying of HK$3.257 billion, while Shenzhen-Hong Kong Stock Connect recorded a net selling of HK$4.718 billion.

Zhitong FinanceAug 6 17:55

HK Market Snapshot | All three major indices declined, with the Hang Seng Tech Index dropping over 2%; tech and internet stocks fell, Baidu down more than 4%, Alibaba and Tencent each falling nearly 3%; MINIMAX surged逆势 by over 17%.

Tech and internet stocks declined, with Baidu Group-SW down 4.38% and Alibaba-W down 2.89%; auto stocks fell, with Leapmotor down 4.70% and Geely Auto down 4.48%; shares across the smartphone supply chain broadly declined, with FIT HON TENG down 4.85% and SMIC down 3.90%;

Futu NewsAug 6 16:22

Top 20 by Trading Volume | NVIDIA posts fifth consecutive gain, launching a strong rebound and reaching a nearly two-month high; Google's Chief Scientist for AI announces departure; SpaceX plunges 13% post-earnings, while Shopify surges 17%

NVIDIA, the top-traded stock on U.S. markets Wednesday, rose 3.43% with $34.419 billion in trading volume. As of Wednesday's close, NVIDIA’s share price has risen for five consecutive trading days, reaching a two-month high. Following a brief sector-wide pullback, this leader in computing power has launched another strong rally, significantly boosting sentiment across the global AI hardware supply chain. On Wednesday, Elon Musk stated that SpaceX will exclusively use NVIDIA processors when building its artificial intelligence computing infrastructure. During SpaceX’s earnings call, he described NVIDIA as having “the best AI computer” and added, “We only select”

Global Markets UpdateAug 6 06:56

U.S. Market Close | Dow Hits New Record High; Nasdaq Declines Amid Drag from SpaceX and AMD; Eli Lilly and Co Rises Nearly 5% Post-Earnings; Gold Surges 4% in a Single Day, Oil Rebounds Then Retreats

The S&P 500 edged down 0.17%, ending its recent streak of gains, while the Nasdaq Composite fell 0.85%. The Dow Jones Industrial Average, however, rose 0.49% to close at 54,349, setting a new all-time high. Spot gold surged 4.2% in a single day—the largest daily gain in several months—and broke above its 50-day moving average. Crude oil prices initially climbed before retreating, with WTI crude settling 0.8% lower at $75.13 per barrel, hitting a new cycle low.

wallstreetcnAug 6 06:25

Anthropic confirmed the formation of a chip team to develop its own AI chips and reduce reliance on NVIDIA.

① Anthropic has confirmed for the first time that it is establishing an internal chip team to develop custom AI chips for Claude, aiming to enhance computational efficiency and reduce reliance on external suppliers; ② OpenAI and cloud providers are increasingly investing in in-house chip development, though analysts believe NVIDIA will maintain its leading position in the near term due to its mature ecosystem and hardware-software advantages.

cls.cnAug 5 22:40

Southbound Capital Tracker | Net selling of approximately HK$1.4 billion; inflows into multiple AI hardware-related stocks, while reducing positions in Tencent

① Southbound funds recorded approximately HK$126.6 billion in trading volume on the day—into which stocks did capital continue to flow? ② More than HK$11 billion flowed into SMIC; what has been the recent trend in its holdings?

cls.cnAug 5 20:10

GTJA Stock Connect Active Trading | August 5

Stock Connect Active Trading | August 5, 2026

Zhitong FinanceAug 5 19:00

Express News | The Ministry of Foreign Affairs responded to the U.S. proposal to ban Chinese optical modules: China firmly opposes the U.S. practice of overextending the concept of national security and will continue resolutely safeguarding the legitimate rights and int

BreakingsAug 5 18:37

Net inflows into Semiconductor Manufacturing International Corporation (SMIC) via Stock Connect amounted to HK$1.152 billion.

Southbound capital recorded net inflows into Semiconductor Manufacturing International Corporation (SMIC, 00981.HK), Hua Hong Hongli (01347.HK), and Kingboard Laminates Holdings Limited (01888.HK), amounting to HK$1.152 billion, HK$990 million, and HK$881 million, respectively. Southbound capital registered a net outflow from Tencent Holdings Limited (00700.HK) of HK$844 million. Under the Shanghai-Hong Kong Stock Connect, the most active stock by net inflow was SMIC (00981.HK) with HK$309 million, while the largest net outflow was from Tracker Fund of Hong Kong (02800.HK) at HK$20.31 billion. Under the Shenzhen-Hong Kong Stock Connect, the most active stock by net inflow was SMIC (

AASTOCKSAug 5 18:25