On July 16, Micron Technology fell 4.05% in pre-market trading, Western Digital dropped 6.61%, Seagate Technology declined 5.42%, SanDisk fell 6.69%, and SK Hynix decreased by 6.25%.
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U.S. Stock Market Storage Sector Pre-Market Decline Worsens
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Liang Wenfeng's Private Equity Firm Makes Significant Investment in Changxin Technology
According to the issuance announcement of Changxin Technology's initial public offering, national-level long-term funds such as social security funds and basic pension insurance funds, as well as leading companies in the upstream and downstream of the industrial chain and large insurance capital, participated in the strategic allocation. Shenzhen Sankai Network Technology Co., Ltd., NIO Power Technology (Hefei) Co., Ltd., ZTE Corporation, and Chery Intelligent Automotive Technology (Hefei) Co., Ltd. received allocations amounting to 157,999,993.98 yuan, with a lock-up period of 18 months; Hangzhou Alibaba Cloud Feitian Information Technology Co., Ltd. received an allocation of 157,999,993.98 yuan, with a lock-up period of 36 months. Huansheng Quantitative participated in this offline subscription at a proposed purchase price of 8.78 yuan per share, with a maximum subscription quantity of 230 million shares for each offline order. Most of Huansheng's products reported subscriptions in the range of 70 million to 140 million shares. Huansheng Quantitative mainly consists of Zhejiang Jiuzhang and Ningbo Huansheng Quantitative, both of which are registered with the Asset Management Association of China, and both are controlled by Liang Wenfeng, who holds 85% of Jiuzhang Asset and 85.15% of Ningbo Huansheng Quantitative. (Shenzhen Net Tencent News) -
MiniMax to Showcase M3, H3 and Other Multimodal Models at the World Artificial Intelligence Conference
The 2026 World Artificial Intelligence Conference will be held from July 17 to 20. MiniMax will present its multimodal models and products, including the debut of the MiniMax M3. The newly added multimodal capabilities of M3 enable it to recognize images and videos within intelligent tool workflows and operate computers to expand its perceptual boundaries. (e Company) -
Changxin Technology: Final Online Subscription Rate Approximately 0.4714%
On July 16, Changxin Technology (688825.SH) announced the subscription situation and final winning rate for its initial public offering and online issuance on the Sci-Tech Innovation Board. The issuance price is set at 8.66 yuan per share, with a total of 9,428,778 valid subscription accounts and a total of 816.92 billion shares subscribed. After the adjustment mechanism was activated, the final online issuance quantity was 38,511.035 million shares, with a final online winning rate of approximately 0.47141739%. -
US-Iran Standoff Will Ultimately End in Negotiation
The US military has launched strikes against Iran for five consecutive days, aiming to weaken its attack capabilities in the critical Strait of Hormuz. Trump has threatened to bomb Iranian power plants and bridges next week if an agreement is not reached; Tehran has warned that if the US continues its attacks, the conflict will escalate. Dr. Faramarz Farahani, an international politics lecturer at Cambridge University, stated that the White House will soon have to return to the negotiation table, especially with the US midterm elections approaching. She pointed out that Iran is eager for negotiations, with the door open, and noted that the Iranian economy was already 'quite bad' before the conflict erupted. However, she added that Iran has completely lost trust in the US. From Iran's perspective, the US has once again withdrawn from a memorandum of understanding, similar to Trump's withdrawal from the Iran nuclear deal during his first term. Earlier this year, after launching strikes against Iran in conjunction with Israel, Trump reached a memorandum of understanding with Tehran, in which both sides committed to achieving a permanent ceasefire within 60 days. However, the ceasefire quickly broke down—Iran attacked ships it accused of attempting to pass through the Strait of Hormuz without permission, while the US responded with escalating strikes. Farahani hinted that this war is difficult to sustain. She stated that Iran's economic situation is undoubtedly forcing them to the negotiation table. Similarly, if oil prices, inflation, and fertilizer prices rise, it will also compel the US to return to negotiations. After all, Trump is facing midterm elections, and this issue is crucial for his political legacy, regardless of other factors. -
NVIDIA CEO Jensen Huang: We Are at the Beginning of a Cycle
On July 16, NVIDIA (NVDA.US) CEO Jensen Huang stated: We are at the beginning of a cycle. -
Oman Official Oil Price Set at $76.36 per Barrel for September Delivery
According to the Oman News Agency: The official oil price in Oman is reported today at $76.36 per barrel for September delivery. (Jin Ten) -
Yue Zhi An Mian to Launch New Model, Challenging Anthropic's Leadership
On July 16, the Financial Times reported that Chinese AI startup Yue Zhi An Mian is set to launch a new model to challenge Anthropic's leading position. Yue Zhi An Mian plans to release the Kimi K3 in the coming days, with a parameter scale of 2 trillion to 3 trillion, making it the largest AI model in China to date. -
U.S. Stock Market Storage Sector Continues to Decline Pre-Market, SK Hynix Drops 6%
On July 16, continuing the downward trend from the previous day, storage sector stocks in the U.S. market collectively fell in pre-market trading. Among them, SK Hynix dropped 6%, SanDisk fell over 5%, Western Digital declined 4%, Seagate Technology decreased by over 3%, and Silicon Motion, Rambus, and Micron Technology all fell by more than 2%. -
Korean Financial Supervisory Service Official: Thursday's Policy Measures Do Not Target Foreign Brokerages
Korean Financial Supervisory Service official: Thursday's policy measures do not target foreign brokerages. (Jin Shi) -
TCL Technology Participates in Changxin Technology IPO Strategic Placement, Allocated Approximately 158 Million Yuan
On July 16, TCL Technology stated on an interactive platform that the company participated in the strategic placement of Changxin Technology's initial public offering, with an allocated amount of approximately 158 million yuan and a total of 18.2448 million shares allocated.
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