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2026-07-22
16:26
S Korean President to Visit US on Fri, Meet Jensen Huang and Sam Altman

The South Korean presidential office said President Lee Jae Myung will begin a five-country trip this week.

He will first depart for San Francisco on Friday (24th) for a two-day visit, during which he will meet OpenAI CEO Sam Altman and NVIDIA Corporation (NVDA.US) CEO Jensen Huang.

Lee Jae Myung will then pay a state visit to Brazil and hold a summit with President Luiz Inacio Lula da Silva, followed by visits to Chile and Argentina. The final stop of the trip will be Frankfurt, Germany.
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AASTOCKS Financial News
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15:45
Report: Apple iPhone 18 Enters Mass Production; Foxconn Zhengzhou Enters Peak Hiring Season

Apple Inc. (AAPL.US) iPhone 18 series entered mass production this month and is currently in the capacity ramp-up stage, China Securities Journal reported. As a result, Foxconn's Zhengzhou facility has entered a peak hiring season to meet subsequent production demand.

According to data from research firm Counterpoint, overall smartphone shipments in China's market fell 2% YoY in 2Q, while iPhone shipments rose 23% YoY, with market share reaching 18%, ranking second only to Huawei.
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AASTOCKS Financial News
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15:44
CLSA: Another Round of Volatility in AI Stocks Ends; TSMC and NVIDIA Rated High Conviction Outperform

Another round of volatility in AI stocks has come to an end, CLSA said in a report, acknowledging fear exists in the market, while seeing no grounds to join the camp of AI pessimists.

Growth momentum in AI demand remains intact, CLSA said. Its latest research once again confirmed the trend of rising adoption rates and gradually emerging ROI. As higher-quality and faster chips take over AI workloads, computing power costs were expected to stumble over the next decade.

CLSA assigned High Conviction Outperform ratings to TSMC and NVIDIA Corporation (NVDA.US). Meanwhile, Microsoft Corporation (MSFT.US), Broadcom Inc. (AVGO.US), Advanced Micro Devices, Inc. (AMD.US), Marvell Technology, Inc. (MRVL.US), Adobe Inc. (ADBE.US) and Apple Inc. (AAPL.US) were rated Outperform.
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AASTOCKS Financial News
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09:49
Samsung, SK Group, Naver Chairmen Reportedly to Hold AI Roundtable Meeting With Jensen Huang

Samsung Electronics Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Hyundai Motor Group Chairman Chung Euisun and Naver Chairman Lee Hae-jin are planning to hold an AI roundtable meeting with NVIDIA Corporation (NVDA.US) CEO Jensen Huang in Silicon Valley, US, according to foreign media reports.

The meeting may be held on Friday (24th). OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei may also participate.

The meeting will bring together leaders across memory chips, GPUs and generative AI services. Discussions are expected to cover a wide range of cooperation topics, including the supply of next-generation HBM and AI accelerators, as well as collaboration in AI factories, Sovereign AI, and physical AI areas such as autonomous driving and robotics.
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AASTOCKS Financial News
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09:17
Super Micro Spikes 20% After Hrs as Spike in New Orders Boosts Margin Above Forecasts

Server maker Super Micro Computer, Inc. (SMCI.US) said on Tuesday (21st) that due to a surge in new orders, it now expects margins for 4QFY26 to beat previous forecasts. The stock closed up 7% overnight and further leaped 20.6% in after-hours trading to USD30.75.

The company said gross margin and adjusted gross margin are expected to be 15-17%, above the 8.2-8.4% range provided by management in May.

SMCI said in a preliminary business update that the revision was mainly driven by a favorable customer and product mix.

Demand for servers equipped with AI model GPUs from NVIDIA Corporation (NVDA.US) spiked, benefiting SMCI as well as rivals Dell Technologies Inc. (DELL.US) and Hewlett Packard Enterprise Company (HPE.US). Dell soared 5% in extended trading after Tuesday's close, while HPE gained more than 4%.
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AASTOCKS Financial News
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08:58
NVIDIA Details Next-Gen AI Vera CPU, Challenging AMD and Intel

NVIDIA Corporation (NVDA.US) has become one of the world's most valuable companies on the back of strong demand for graphics processing units (GPUs). The company has also started shipping its own central processing units (CPUs), allowing cloud service providers to potentially replace CPUs from Advanced Micro Devices, Inc. (AMD.US) and Intel Corporation (INTC.US), bringing new competition to the AI server market.

NVIDIA on Tuesday released new details about its data center CPU "Vera", including specifications, benchmark tests and architectural information for potential customers to evaluate. Company representatives said Vera chips were delivered in June to customers including OpenAI, Anthropic and SpaceX.

NVIDIA is regarded as a key trendsetter in the information technology industry, but in the CPU market the company is once again acting as a challenger, vying with Intel and AMD, both of which maintain deep relationships with hyperscale cloud service providers and cloud giants.
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AASTOCKS Financial News
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08:48
SpaceX Sets Results Release Date, Triggering First Major Share Lock-up Expiry

SpaceX shares rallied 3% on Tuesday, ending a seven-day losing streak. The company announced the release date for its first earnings report, which will trigger the expiry of a large-scale share lock-up period.

Elon Musk's aerospace and defense contractor SpaceX announced on Monday that it will release its first post-listing results on August 4. The date will also trigger the company's special lock-up arrangement, allowing insiders to sell shares earlier than the standard 180-day lock-up period.

SpaceX adopted a phased lock-up expiry arrangement, allowing insiders to sell portions of their holdings at different times to avoid massive sell-offs and share price volatility. After the first results announcement, investors may sell up to 20% of eligible locked-up shares, involving as many as 911.5 million shares.

If the share price closes at least 30% above the IPO price on five out of the 10 trading days before the earnings release, an additional 10% of shares may be unlocked.

As of Monday's close, SpaceX shares lost nearly half from the intraday peak of USD225.64 on June 16 and were 43% below the record closing high of USD211.39 reached that day.

According to Forbes' real-time billionaires ranking, Musk's net worth exceeded USD1 trillion on June 12, while it stood at about USD786 billion as of Monday this week.
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2026-07-21
18:09
Nebius (NBIS.US) Soars 6%+ Pre-Mkt as NVIDIA Discloses 9.3% Stake

Netherlands-based Nebius Group N.V. (NBIS.US) surged nearly 6.5% in pre-market trading on Tuesday (21st), after NVIDIA Corporation (NVDA.US) disclosed a 9.3% stake in the new cloud company.

Nebius has become one of Europe's major new AI computing cloud service providers, and reached multiple agreements with major tech giants driven by large-scale infrastructure spending in 2026.

On the ride of the AI boom, the company's share price has accumulated upswing of nearly 250% over the past 12 months. As of Tuesday morning, its market cap stood at USD46 billion.

Nebius and NVIDIA have not responded to requests for comment.
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16:56
TSMC (TSM.US) Up 3%+ Pre-Market on Report of Up to 10% Chip Foundry Price Hike Starting Next Year

TSMC (TSM.US) plans to raise prices for advanced-node and mature-node chip foundry services by as much as 10% next year, reflecting rising costs for materials, manufacturing equipment and construction of new overseas chip plants, Nikkei reported, citing sources. Spurred by the news, TSMC ADRs spiked 3.5% in pre-market trading.

TSMC reportedly discussed the price increases with customers, involving 7-nm and more advanced process technologies, which accounted for about 77% of the company's 2Q revenue. Sources said the base price increase ranges from 5% to 10%, depending on customers and products.

For mature processes including 12-nm, 16-nm and 28-nm technologies, TSMC plans to raise prices by as much as 10%. Sources said negotiations on the price increases began last month and will be finalized in July, with the new pricing taking effect at the beginning of next year.

TSMC's major customers include NVIDIA (NVDA.US), Apple (AAPL.US), Google, Amazon (AMZN.US), Qualcomm (QCOM.US), ARM (ARM.US) and MediaTek, among other leading chip developers.
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15:36
Zoomlion Expands European Service Network with Professional Training and 4-Hour On-Site Support

CHANGSHA, China, July 21, 2026 /PRNewswire/ -- Zoomlion Heavy Industry Science & Technology Co., Ltd. ("Zoomlion") has expanded its localized customer service capabilities across Europe, where its service network now covers more than 30 cities in over 20 countries and includes nearly 10 training centers and training sites. Supported by a multi-tier spare parts network and digital service platforms, the system provides professional training, spare parts support, technical assistance, and four-hour on-site service across six major product lines. The latest addition is Zoomlion's first international training center dedicated to concrete machinery, which recently began operations in Poland.


Developed and coordinated by Zoomlion's Polish subsidiary, the center is designed to support the operation and maintenance needs of concrete equipment users in Europe and has begun regular operation. On its first day, the center delivered a two-day customized concrete pump truck training program for seven technical professionals from a European customer.

The center reflects Zoomlion's broader European service model, developed around local customers' emphasis on parts availability, timely supply, technical documentation, professional training, and complex fault diagnosis. When on-site support is required, a Zoomlion service engineer can reach the customer within four hours. Service requests can be submitted through Zoomlion's hotline, email, MyZoomlion, equipment QR codes, and official social media channels, with an initial response provided within one hour.

Across Europe, the service network supports earthmoving machinery, aerial work platforms, engineering cranes, concrete machinery, agricultural machinery, and industrial vehicles.

The Company has also expanded its regional spare parts and training infrastructure. Under its European service network plan, Germany serves as Zoomlion's regional hub, integrating equipment distribution, spare parts supply, major repairs, and professional training. This hub is supported by national parts centers located in Rotterdam, Paris, Birmingham, and Warsaw, as well as city-level parts warehouses. Zoomlion has also established major training centers in Germany, Hungary, and Poland, along with additional training points in France, the Netherlands, and the United Kingdom.

Looking ahead, Zoomlion plans to expand its local engineering team, strengthen parts reserves, improve remote diagnostics, and extend the four-hour service model beyond key European city clusters. It also aims to accelerate access to both service resources and parts support.

As part of its wider localization strategy, Zoomlion will continue adapting local service networks to the needs and operating conditions of different international markets while improving response efficiency and full-life-cycle customer support globally.

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