Cointime

Cointime

Download App
iOS & Android
Home / Point

U.S. Energy Secretary States Military Actions Against Iran Will Continue

On July 19, according to CCTV, U.S. Energy Secretary Dan Brouillette stated that military actions against Iran will continue until President Trump achieves his military objectives. In an interview, Brouillette mentioned that the Trump administration's goal is to prevent Iran from acquiring nuclear weapons and to weaken its ability to threaten neighboring countries and global commerce. 'Therefore, this mission will continue until the objectives are accomplished.'

Comments

All Comments

Recommended for you

  • Report Warns of Serious Financial Black Hole at OpenAI: Potential for AI Chain Reaction Collapse

    On July 20, according to Fast Technology, while global AI investments are booming, well-known analyst Ed Zitron recently issued a warning, pointing out that AI leader OpenAI is burdened with heavy debt. If it declares bankruptcy, it could trigger a series of chain reactions, potentially igniting the AI bubble. Zitron, in collaboration with the Financial Times, verified OpenAI's 2025 audited financial statements, which show that OpenAI's total revenue is projected to soar from $3.7 billion the previous year to $13.07 billion in 2025. However, total costs and expenses during the same period are expected to reach $34 billion, resulting in an annual operating loss of approximately $21 billion. After accounting for a massive one-time non-cash expense incurred from its transition from a non-profit to a for-profit entity (estimated by various sources to be between $30 billion and $41.6 billion), OpenAI's final net loss for 2025 could reach $38.53 billion. OpenAI is one of the largest buyers of NVIDIA's data center GPUs and a core customer of cloud service providers such as Oracle and CoreWeave, with SoftBank committing to invest up to hundreds of billions of dollars in OpenAI. If OpenAI fails to pay its infrastructure partners on time in the future, the impact will immediately affect these companies. Zitron further pointed out that once the AI investment boom subsides, memory demand will significantly decrease. The current shortage of HBM is largely driven by the enormous demand for AI training and inference, prompting memory giants like Samsung, SK Hynix, Micron, and SanDisk to shift production capacity towards HBM, squeezing traditional DRAM and NAND flash production. If OpenAI reduces its computing power investment or halts expansion, the decline in GPU demand will directly affect HBM, potentially alleviating the memory chip shortage and reverting these giants to their original state, leading to a reshaping of the entire industry landscape.

  • Yangdian Technology: Wholly-Owned Subsidiary Signs 860 Million Yuan Computing Power Service Contract, Accounting for 67.22% of 2025 Revenue

    On July 20, Yangdian Technology (301012.SZ) announced that its wholly-owned subsidiary, Sichuan Hanyang Intelligent Technology Co., Ltd., has signed a 'Computing Power Service Contract' with Client A. The contract involves providing computing power services for a duration of 60 months, with a total amount of approximately 860 million yuan, which accounts for 67.22% of the company's audited revenue for 2025.

  • Pentagon Conceals Dozens of U.S. Military Casualties in Iran War

    On July 20, news reported by The New York Times indicates that the Pentagon has concealed dozens of U.S. military casualty incidents during the Iran War.

  • Bank of America: Funds Significantly Reduce Semiconductor Holdings, Shift to Energy

    On July 20, Bank of America released a report stating that as the semiconductor sector has rebounded significantly this year, funds are rebalancing their portfolios through profit-taking, resulting in large-scale capital outflows from the semiconductor and software sectors. Meanwhile, to reduce excessive reliance on AI themes, capital is shifting towards traditional cyclical sectors such as energy and materials. Global active funds have significantly reduced their holdings in the semiconductor and software sectors: year-to-date, global active long-term funds have sold $77.4 billion worth of semiconductor stocks to rebalance positions after the substantial rebound in the semiconductor sector. At the same time, due to weakening profit momentum, funds have also sold $58.1 billion worth of software stocks. Capital is flowing into the energy and materials sectors to diversify AI theme risks: as a hedge against excessive concentration on AI themes, funds have purchased $36.8 billion in energy stocks and $25.8 billion in materials stocks this year. In June alone, global funds net bought $13.2 billion in energy and $4.1 billion in materials while selling $11.9 billion in technology hardware and $8.1 billion in diversified financials.

  • Tencent's WorkBuddy Surpasses 20 Million Monthly Visits

    On July 20, according to the latest 'Q2 2026 China Office Intelligent Agent Platform Market Insight Report,' Tencent's WorkBuddy has surpassed 20 million monthly visits in June within the domestic PC-based AI native office intelligent agent market, maintaining its leading position with a significant advantage over the combined total of the second and third places. The report indicates that in June, the Chinese PC-based AI native office intelligent agent market experienced rapid expansion, with total visits exceeding 60 million. Among them, Tencent's WorkBuddy led the industry with 20.97 million monthly visits, while another AI programming intelligent agent from Tencent, CodeBuddy, also remains at the forefront.

  • Signing Ceremony for Key AI Projects in Shanghai Held

    According to Golden Finance, the signing ceremony for key artificial intelligence projects in Shanghai took place during the closing ceremony of the 2026 World Artificial Intelligence Conference on July 20. A total of 32 projects were signed, with a total contract amount reaching 40.9 billion yuan. (Securities Times)

  • U.S. Stock Market: Storage Stocks Rise Before Opening, SK Hynix Up Over 3%

    On July 20, storage concept stocks in the U.S. stock market collectively rose before the opening, with SK Hynix increasing by over 3%. Micron Technology and SanDisk both rose by over 2%, while Seagate Technology and Western Digital increased by over 1%.

  • U.S. Optical Communication Stocks Rise Before Market Open, Lumentum Up Over 2%, Mavenir Up Over 1%

    On July 20, U.S. optical communication stocks saw widespread gains before the market opened. Among them, Lumentum and Lightwave Logic rose over 2%, while Applied Optoelectronics, Credo Technology, MaxLinear, Nokia, Coherent, Astera Labs, Mavenir, POET Technologies, Corning, Ciena, and AXT Inc increased by more than 1%.

  • Kimi K3 May Experience DeepSeek Moment

    Morningstar Company has stated that the new Kimi K3 model from Dark Side of the Moon may be approaching a DeepSeek moment. This advancement is beneficial for the entire AI ecosystem, as the worst-case scenario would be a halt in AI progress. Nevertheless, this release from Dark Side of the Moon poses downward pressure on AI companies in the hardware and infrastructure sector, as it offers top-tier model performance at a lower price.

  • HKEX Responds to Rumors of Extending Stock Trading Hours

    On July 20, rumors circulated that the Hong Kong Stock Exchange (HKEX) was considering extending stock trading hours and eliminating the lunch break. In response, HKEX stated that it has been committed to enhancing Hong Kong's competitiveness as an international financial center. The exchange is currently studying various measures to improve market convenience, including the extension of trading hours. However, the primary focus at this time is on examining proposals to extend trading hours for the derivatives market, rather than for stock trading hours. (China News Service)

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