The three major U.S. stock indices opened higher, with the Dow Jones Industrial Average rising by 0.08%, the S&P 500 increasing by 0.35%, and the Nasdaq Composite gaining 0.57%. BlackRock's stock price surged over 8%, attracting nearly $200 billion in net inflows in the second quarter, with total assets surpassing $15 trillion for the first time. Alibaba's stock rose by 4%, as Alibaba Qianwen will be integrated as AI capabilities into Apple products. In other notable stocks, SK Hynix's stock price fell by 6.66%, Micron Technology's stock decreased by 1.28%, Advanced Micro Devices' stock rose by 1.39%, ASML's stock increased by 2.6%, Intel's stock gained 0.34%, and SanDisk's stock dropped by 1.95%.
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U.S. Stock Indices Open Higher
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Microsoft Executive VP: Anthropic's Product Slower and Less Accurate than Copilot
Jacob Andreou, Microsoft's Executive Vice President, compared the company's flagship AI assistant Copilot with Anthropic's Claude used in Microsoft Office products. He stated that Anthropic's product is slower, less accurate, and lacks proper safety integration. During the presentation, Andreou said, 'We know that everyone here is competing daily with products from OpenAI and Anthropic.' He added that his team is working to make the Copilot application more competitive. (Bloomberg) -
Sources: Apple Reportedly Seeking to Acquire AI Chip Business
On July 15, sources familiar with Apple's operations indicated that the company is looking to acquire a chip company to bolster its efforts in building server chips for artificial intelligence. In recent months, the iPhone manufacturer has been in discussions with bankers regarding potential deals. The sources also mentioned that Apple has reached out to semiconductor startups to gauge their interest in selling. This move to acquire chips comes amid performance issues with the company's internal AI servers. -
SK Hynix ADR Declines Narrowed to 3.3%
On July 15, SK Hynix's stock price decline narrowed to 3.3%, trading at $187.445 per share, with a total market capitalization of $1.37 trillion. At one point during the early trading hours, SK Hynix's U.S. stock fell by as much as 9%. -
U.S. Stock Decline in Memory Chip Sector Worsens: SanDisk Drops 10%, Micron Falls Over 5%
On July 15, the decline in U.S. memory chip stocks further intensified, with SanDisk plummeting by 10%. Western Digital and Seagate Technology both fell by over 7%, SK Hynix dropped by over 6%, and Micron Technology decreased by over 5%. -
SK Hynix ADR Drops Over 9%, Premium Over Korean Stock Narrows to About 26%, Leading Decline in Storage Stocks
On July 15, SK Hynix (SKHY.US) experienced a significant pullback, dropping over 9% at one point in early trading, reaching a low of $176.01, with its premium over the Korean stock narrowing to about 26%. Other storage-related stocks also declined, with SanDisk falling over 5%, Seagate Technology and Western Digital dropping over 3%, and Micron Technology down over 2%. SK Hynix's American Depositary Receipts (ADR) hit a new high since listing on Tuesday, closing up 27.3% at $193.92, which is a 51% premium over the Seoul stock price (Sunday's closing price). -
187 Illegal Mining Machines Seized in Tehran Province
According to the Iranian Fars News Agency, the Tehran Province Electricity Distribution Company reported that 187 illegal cryptocurrency mining devices were seized at two industrial units in Khorasan and Shahriar. -
BlackRock Surges Over 8%, Assets Under Management Exceed $15 Trillion
On July 15, BlackRock (BLK.US) surged over 8%, reaching a high of $1,109.99. In terms of news, BlackRock's second-quarter revenue increased by 31% year-on-year to $7.084 billion, with an adjusted operating profit margin rising to 45.9%, the highest level in nearly five years. By the end of the quarter, assets under management grew to $15.3 trillion. BlackRock has raised its planned stock buyback program for 2026 to approximately $2 billion. -
Doubao AI Phone to Release Multiple Models This Year
On July 15, ByteDance, in collaboration with ZTE Nubia, announced that its first AI smart device phone will have multiple models released this year. One of the models is set to debut during the 2026 World Artificial Intelligence Conference, with an overall stock of approximately 200,000 units, and the initial stock will be under 100,000 units. As of now, ZTE has not responded. -
Trump: Russia is Ready to Reach an Agreement to End the Russia-Ukraine Conflict
On July 15, according to Fox News, in a video clip from an interview aired on the 15th, U.S. President Trump stated that Russia is ready to reach an agreement to end the Russia-Ukraine conflict. Trump expressed his belief that the conflict would end during his term and that Russian President Putin is prepared to reach an agreement as soon as possible. Trump said, 'I thought this should have been over a long time ago. This should have been the easiest thing to resolve, because I got along well with both leaders. I thought this would be the easiest thing for me.' -
Citi Lowers Microsoft's Target Price to $570, Maintains 'Buy' Rating
On July 15, Citi released a research report stating that due to the compression of valuation multiples in the software industry, it has lowered Microsoft's target price from $620 to $570, based on a projected price-to-earnings ratio of 25 times for the fiscal year 2028, down from 28 times, while maintaining a 'Buy' rating. The bank expects strong performance in the fourth fiscal quarter; entering fiscal year 2027, Microsoft is expected to achieve stronger returns from its core businesses (Azure and M365 CoPilot) that will accelerate growth, ultimately driving continued acceleration in overall revenue and earnings per share.
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