Cointime

Cointime

Download App
iOS & Android
Home / Point

Political Bureau of CPC Central Committee: Steadily Advance 'Six Networks' Plan and Deeply Implement 'AI+' Initiative

The Political Bureau of the CPC Central Committee held a meeting on July 30. The meeting stressed the need to effectively expand domestic demand, adapt to the consumption needs of different groups, expand high-quality supply, and tap the potential of service consumption. It is necessary to steadily advance the planning and construction of the 'six networks'. Accelerate the construction of a modern industrial system, strengthen long-term and stable support for basic research, deeply implement the 'AI+' initiative, develop new forms of intelligent economy, and improve the artificial intelligence governance system. Actively promote breakthroughs in frontier technologies and the development of future industries, focus on building emerging pillar industries, and continue to promote the transformation and upgrading of traditional industries. (Xinhua)

Comments

All Comments

Recommended for you

  • US Storage Stocks Decline Pre-Market, SK Hynix Down Over 4%

    On July 30, US stock storage concept stocks broadly declined in pre-market trading. Among them, SK Hynix fell over 4%, Micron Technology fell nearly 2%, SanDisk fell 1%; Silicon Motion Technology surged over 9%.

  • Arm drops over 6% in pre-market trading, second-quarter guidance below most optimistic expectations

    On July 30, Arm's US stock fell over 6% in pre-market trading to $210. On the news, ARM reported its first-quarter results for fiscal year 2027 ending June 30. Quarterly revenue increased 22% year-on-year to $1.289 billion, above analysts' expectations of $1.26 billion; adjusted operating profit rose 29% year-on-year to $531 million, and adjusted earnings per share were $0.45, also better than the market expectation of $0.40. However, the company forecast second-quarter revenue of $1.38 billion, missing the market's most optimistic expectations, with adjusted earnings per share guidance of 47 cents. In addition, the company stated on the analyst conference call that 'royalty revenue will decline slightly, and there are signs of weakness in the smartphone business.'

  • Qualcomm Falls 5.76% Pre-market as Q3 Revenue and Profit Both Decline

    On July 30, Qualcomm fell 5.76% pre-market to $146.717. The company reported its Q3 fiscal 2026 quarterly results. Q3 fiscal 2026 revenue was $9.95 billion, down 4% year-over-year, beating Wall Street's previous expectations of $9.7 billion. Net profit was $2 billion, down 25% year-over-year. For Q4, Qualcomm provided revenue guidance of $9.7 billion to $10.5 billion, roughly in line with the analyst consensus estimate of $10 billion.

  • Meta Platforms (META.O) Falls 8.3% in Pre-Market Trading

    Meta Platforms (META.O) fell 8.3% in pre-market trading, with Q2 free cash flow dropping 91%. Microsoft (MSFT.O) rose 7% in pre-market trading, as its fourth-quarter cloud revenue growth exceeded market expectations. Qualcomm (QCOM.O) fell 5.7% in pre-market trading, and Arm (ARM.O) fell 7.2%. (Jinshi)

  • US memory concept stocks decline in pre-market trading, Micron Technology (MU.O) down 2.6%

    July 30 news: US memory concept stocks are declining in pre-market trading. Micron Technology (MU.O) fell 2.6%, SK Hynix (SKHY.O) fell 4.4%, Western Digital (WDC.O) fell 1.2%, SanDisk (SNDK.O) fell 1.5%, and Seagate Technology (STX.O) fell 0.1%. (Jin Shi)

  • CPC Central Committee Political Bureau: Expand Space for Mutually Beneficial International Economic and Trade Cooperation, Vigorously Develop Service Trade

    On July 30, the Political Bureau of the CPC Central Committee held a meeting. The meeting pointed out that we should expand the space for mutually beneficial international economic and trade cooperation, vigorously develop service trade, and promote balanced trade development. We should improve the management system for outbound investment and the comprehensive overseas service system, and actively attract and utilize foreign investment.

  • South Korean Stocks Fall 1.23%, SK Hynix Drops Over 5%

    On July 30, South Korea's KOSPI closed down 1.23% at 5,593.56 points. SK Hynix fell 5.64%, and Samsung Electronics dropped 0.72%.

  • Graphics Card Prices Skyrocket 1,000 Yuan in a Day

    July 30, according to CCTV Finance, with the surge in AI computing power demand, the global storage chip market is experiencing severe supply shortages. In Shenzhen's Huaqiangbei area, the price transmission effect is clearly visible. Multiple merchants in Huaqiangbei reported that following Nvidia's latest round of price hike notices to authorized graphics card manufacturers, all major graphics card brands have fully implemented warehouse closure policies, temporarily halting bulk shipments, leading to a rapid tightening of spot supply across the entire circulation chain. Visiting several computer assembly shops in Huaqiangbei, it was learned that due to the unavailability of new stock, existing inventory has become a 'scarce resource,' with channel distributors generally reluctant to sell, driving up the prices of available inventory. Statistics show that prices of mainstream storage products and graphics cards in Huaqiangbei have been climbing continuously. For example: 1TB solid-state drives rose from 410 yuan in September last year to 950 yuan now, an increase of 132%; 16G DDR5 memory rose from 450 yuan in September last year to 1,850 yuan now, an increase of 311%; 32G DDR5 memory rose from 900 yuan in September last year to 3,800 yuan now, an increase of 322%. In terms of graphics cards, the RTX 5060 rose from 2,300 yuan on July 22 to around 3,000 yuan, an increase of about 30%; the RTX 5080 rose from 8,000 yuan on July 22 to around 12,000 yuan, an increase of about 50%.

  • Deutsche Bank: Nasdaq Enters Correction Zone, Fed's Vague Signals Trigger Sell-off

    On July 30, Deutsche Bank pointed out that the Federal Reserve's decision to keep interest rates unchanged and the limited details provided by Chairman Walsh triggered a sharp steepening of the U.S. Treasury yield curve, pushing the 30-year yield to 5.20% and putting pressure on the stock market. The S&P 500 recorded its worst single-day performance in seven weeks, while weakness in tech stocks dragged the Nasdaq 100 into correction territory. Asian and European markets showed mixed performance. The rise in U.S. Treasury yields eventually weighed on stocks after significant intraday volatility. The S&P 500 fell more than 0.5% before the FOMC meeting, turned positive during Walsh's press conference, but plummeted in the final trading hour, ultimately closing down 1.52%. A renewed slump in chip stocks also dragged the market, with the Philadelphia Semiconductor Index plunging 5.33%. The decline in tech stocks also pushed the Nasdaq 100 (-2.06%) into a technical correction zone, now down 11.3% from its early June peak.

  • SpaceX Reportedly Requires Suppliers to Exclude Chinese Employees and Equipment

    On July 30, Nikkei Asia, citing sources, reported that SpaceX, the space exploration company owned by the world's richest man Elon Musk, is implementing strict measures to ensure its operations and supply chain remain unaffected by China, in order to protect the production of technology critical to U.S. national security. According to the report, SpaceX has dispatched teams to review existing and potential suppliers and has instructed its global supply chain partners not to assign or hire Chinese employees at facilities producing products for SpaceX, nor to use systems or equipment manufactured by Chinese companies.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company