On August 18, Meta Platforms (META.US) fell 3.7%, closing at $547.72. The decline follows a joint lawsuit from multiple states in the U.S., alleging that Meta designed addictive products targeting teenagers. The case is set to be heard on the 18th in Oakland, California. Currently, 29 states have sued Meta, with most accusing the company of violating the Children's Online Privacy Protection Act by illegally collecting personal information from children without parental consent. According to reports, based on Meta's own calculations, if it loses this trial, it could face penalties of up to $1.4 trillion.
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Meta Falls 3.7% Amid Lawsuit from 29 States, Facing Potential $1.4 Trillion Fine
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Spot Prices of Some Storage Chips Decline
On August 18, according to 21st Century Business Herald, an unusual signal has emerged since the second quarter of this year—some spot distributors of storage chips are willing to lower prices for certain models of NAND storage chips. Third-party organizations in the flash memory market have pointed out that since July, there has been a continuous low-price sales phenomenon for multi-brand eMMC products, leading to a significant price inversion between spot and contract prices, with the spot price of 64GB eMMC already showing a downward trend. eMMC is the standard storage chip for consumer electronics such as set-top boxes, smart TVs, and entry-level smartphones. Against the backdrop of overall high prosperity in the storage industry, this price inversion in this category is particularly striking. This actually indicates that the current storage chip market is heading towards a polarized situation: some consumer markets are facing a scenario where downstream customers cannot bear the price increase of chips, especially evident in the entry-level spot market, where in recent months, distributors have been willing to exchange price for volume to obtain cash flow; meanwhile, the price increase trend in the cloud-side AI or enterprise-level storage market continues, influenced to some extent by the signing of long-term contracts. -
U.S. Stock Market: Storage Sector Opens Lower, SK Hynix Drops 7.4%, SanDisk Falls 8%
On August 18, the U.S. storage sector opened lower and continued to decline, expanding its losses after several days of gains. Micron Technology fell 6.33%, SK Hynix dropped 7.41%, SanDisk decreased by 8.05%, Western Digital declined 7.10%, Seagate Technology fell 7.58%, and Kioxia ADR dropped 10.63%. -
Spot Silver Drops 2% Today, Currently Priced at $64.46 per Ounce
Spot silver has decreased by 2% today, currently priced at $64.46 per ounce. -
BTC Surpasses $65,000
Market data shows that BTC has surpassed $65,000, currently priced at $65,005.31, with a 24-hour increase of 2.17%. The market is highly volatile, so please ensure proper risk management. -
Zhejiang Humanoid Robot Innovation Center Releases 'Co-evolution Theory'
The Zhejiang Humanoid Robot Innovation Center has released the practical path of the 'Co-evolution Theory', proposing a collaborative interaction among intelligent algorithms, hardware entities, and development toolchains to advance humanoid robots from demonstration scenarios to large-scale practical operations. Currently, Zhejiang Humanoid has established a complete collaborative product system: the SPIRE intelligent technology system achieves a 94% success rate for complex long-range tasks, with precision assembly accuracy reaching 0.03mm; the NAVIAI hardware matrix covers three product categories: biped humanoids, dual-arm operations, and wheeled arm circulation, with a domestic component localization rate of 91%; the EvoStack toolchain streamlines the entire process from development to operation and maintenance, supporting large-scale batch replication. Related products have been implemented in various fields including industry, services, education, and data collection, with the clothing sector securing the world's first bulk order of 2,000 units. Zhejiang Humanoid will showcase its full-scenario solutions at the 2026 World Robot Conference (2026 WRC). -
AMD Shares Drop 5.53%, Intel Shares Fall 7.35%
On August 18, the stock prices of the CPU duopoly widened their losses, with AMD shares dropping by 5.53% and Intel shares falling by 7.35%. -
Philadelphia Semiconductor Index Falls 5%
On August 18, the Philadelphia Semiconductor Index fell by 5%, closing at 11,988.77 points. Nvidia's stock price dropped by 2.39%, Broadcom's stock price decreased by 3.41%, Advanced Micro Devices' stock price fell by 4.74%, ASML's stock price declined by 4.44%, and Intel's stock price dropped by 6.55%. -
Strong Growth Expectations for IT Budgets, Application Software Stocks Rise, Adobe Up Over 4%
On August 18, application software stocks saw widespread gains, with Duolingo rising over 6%, Capterra and Figma up over 5%, and Adobe and HubSpot increasing by more than 4%. Autodesk and ServiceNow rose over 3%, while Uber and SAP gained more than 2%. According to a mid-year Chief Information Officer (CIO) survey released by Bernstein, expectations for IT budget growth in 2026 remain strong, with increases similar to those in 2025. The report highlighted that cybersecurity, generative AI applications, and platform software are the top three investment priorities for CIOs, with incremental spending primarily focused among major cloud service providers. -
Nasdaq Opens Down 1.12%, Nvidia Falls Over 2%, SpaceX Drops Over 4%
On August 18, the three major U.S. stock indices opened lower, with the Nasdaq down 1.12%, the S&P 500 down 0.52%, and the Dow Jones down 0.21%. Nvidia fell over 2% as it plans to invest up to $105 billion in an OpenAI data center in Ohio. SpaceX dropped over 4%, facing a new round of 320 million shares becoming unrestricted this week, increasing pressure on early investors to realize profits. -
WTI Crude Oil Surpasses $85
On August 18, WTI crude oil surpassed $85 per barrel, rising 1.56% during the day.
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The AI Universe Gateway Is About to Open: KeyFlow Official DApp to Launch Global Public Beta and Genesis Registration on July 29
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From User Journey to Consumption Loop: Understanding UniKey’s Product Logic and the Three Core Use Cases of KEY
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