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Express News | Qwen from Alibaba will be integrated into Apple Intelligence as an AI capability.
U.S. Market Close | PPI Confirms Cooling Inflation, Major Indices Rise; Magnificent 7 Gains Strength, with Google, Amazon, and Meta Up Over 3%; Chinese-Related Stocks Rebound, Alibaba Up Nearly 5%; SpaceX Falls Below IPO Price Intraday; Gold and Oil Rebou
U.S. equity indices closed higher on Wednesday, with small caps outperforming large caps. Apple surged 4.01%. ASML Holding rose 2.23%, reporting Q2 results above expectations and raising full-year guidance. Micron plummeted 8.02%, SanDisk dropped sharply by 8.12%, and Western Digital also fell more than 7%.
Alibaba Options Spot-On: On July 15th, 255.47K Contracts Were Traded, With 2.37 Million Open Interest
On July 15th ET, $Alibaba(BABA.US)$ had active options trading, with a total trading volume of 255.47K options for the day, of which put options accounted for 21.42% of the total transactions, and
Anthropic is racing toward an IPO, potentially listing as early as October, which could allow it to beat OpenAI to the public markets.
Anthropic is accelerating its IPO process, planning to hold intensive investor meetings in the coming weeks and could list as early as October this year. The company’s valuation has now risen to $965 billion, with Morgan Stanley, Goldman Sachs, and JPMorgan serving as joint lead underwriters. Strong revenue growth from its enterprise AI business provides solid support for the listing, though regulatory uncertainty remains the key variable affecting its subsequent performance.
Is the AI bull market making a full comeback? UBS Group: The recent correction was merely a 'summer shakeout,' and earnings season could fuel further gains.
UBS Group believes the recent pullback in the U.S. AI sector is unrelated to fundamentals and is primarily driven by capital flows. With earnings season underway, corporate results are expected to validate the strong momentum behind AI adoption, and continued upward revisions to earnings expectations should sustain the rally. The healthcare sector has also gained favor simultaneously, while consumer discretionary remains at the bottom due to weak momentum, as market capital continues to concentrate heavily on core themes.
U.S. Stocks Move | Major Chinese ADRs Rise Broadly; Miniso (MNSO.US) Up Over 9%
On Wednesday, major U.S.-listed Chinese stocks broadly rose.