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.
~

AASTOCKS Financial News
Website: www.aastocks.com

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.
~

AASTOCKS Financial News
Website: www.aastocks.com

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.

UBS said in a report that the selloff in momentum stocks may be nearing an end, creating opportunities for investors to start rebuilding positions in AI and semiconductor stocks.

On Tuesday (21st), China's STAR 50 Index surged more than 9%, while South Korea's tech-heavy KOSPI and Taiwan Stock Exchange Weighted Index also rallied more than 3-4% as capital started flowing back into AI-related stocks.

UBS said part of the reason for the bottoming of the tech sector is that most speculative positions have already been unwound. Hedge funds reduced long positions in momentum and semiconductor stocks by an amount equivalent to 5% of total market cap, bringing net positions in semiconductor and software stocks back to April levels.

UBS believed improving AI fundamentals signal a buy-on-dip opportunity and recommended investors gradually rebuild positions rather than rushing into the market all at once. The bank's current momentum stock portfolio includes Sandisk Corporation (SNDK.US), Broadcom Inc. (AVGO.US), Oracle Corporation (ORCL.US), KKR & Co. Inc. (KKR.US), Datadog, Inc. (DDOG.US) and Microsoft Corporation (MSFT.US).
~

AASTOCKS Financial News
Website: www.aastocks.com

HONG KONG and SHANGHAI, July 21, 2026 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. ("Ping An", the "Company" or the "Group"; HKEX: 2318; SSE: 601318) unveiled a range of innovative artificial intelligence (AI) products and services at the World Artificial Intelligence Conference 2026 (WAIC 2026). Spanning healthcare, insurance and payments scenarios, these innovations further advance AI-driven development of Ping An's "integrated finance + health and senior care" strategy.

Advancing Healthcare AI Applications to Support Disease Management and Health Services

Ping An's latest healthcare AI applications focus on two key areas: complex disease diagnosis and treatment, and every day health management, helping make high-quality healthcare resources more accessible and efficient.

For the diagnosis and treatment of complex diseases, Ping An launched its first "disease-specific AI product portfolio" for patients with cancer and other critical illnesses. The portfolio includes three categories of products and services: disease prediction, disease-specific insurance and the Peking University Healthcare AI Disease Manager.

The disease prediction service identifies health risks and helps detect high-risk individuals at an early stage. Disease-specific insurance provides coverage and protection for people with chronic diseases, cancer and other elevated health risks. The Peking University Healthcare AI Disease Manager offers full-course cancer management by connecting patients with physicians, hospitals and rehabilitation resources, providing ongoing support for people with critical illnesses. Together, these products and services connect disease risk identification, insurance protection and professional healthcare services.

For everyday health management, "AI Family Doctor" of Ping An Healthcare and Technology Company Limited ("Ping An Good Doctor"; HKEX: 1833), the flagship of Ping An Group's healthcare and senior care ecosystem, currently serves 90 million monthly active users. The service adopts an innovative "AI + Physician" model.

AI delivers real-time responses and 24/7 service, efficiently handling high-frequency needs such as consultation triage, medication reminders and health check report interpretation. At the same time, for professional healthcare needs including consultations for complex conditions, long-term chronic disease management and online prescription services, physicians are deeply involved in diagnosis and treatment decisions. To date, Ping An's AI Doctor supports accurate diagnosis across more than 11,300 diseases and serves nearly 12 million users annually. 

Deepening "AI in All" Across the Insurance Value Chain

Ping An Property & Casualty ("Ping An P&C") has achieved 100% AI coverage across its core business scenarios, improving overall operational efficiency by 80%. AI now empowers the entire insurance value chain, including services, marketing, operations, business management and administration.

• For intelligent services, Ping An P&C has developed EagleX, a risk mitigation service platform powered by AI, the Internet of Things and other technologies. The platform integrates more than 100 risk models covering flood-prone locations, urban flooding, catastrophe loss assessment and other scenarios, enabling risk monitoring, early warning and prevention for natural disasters and accidental events.
• For intelligent operations, Ping An P&C has developed an intelligent policy issuance robot using AI technology. Currently, 93% of new vehicle insurance policies are processed automatically by the system, reducing average processing time from six minutes to 1.2 minutes.
• For intelligent business management, Ping An P&C has transitioned from manual underwriting to intelligent underwriting. The average time required for an initial underwriting review has been reduced to approximately 1.5 hours. Average daily processing volume per underwriter has doubled, while the risk interception rate has increased by 16%.

Launching an AI Credit Card and Expanding Innovation in AI-Powered Finance and Payments

At the launch event, Ping An Bank Credit Card introduced an all-scenario AI credit card. In addition to traditional financial services, cardholders can access a variety of AI-related benefits through card usage. For example, cardholders can redeem points for AI computing resources, supporting a wide range of AI usage scenarios.

In addition, Ping An has launched Express Service, a dedicated financial AI assistant serving 251 million customers across the Group's insurance, banking, securities and healthcare businesses. With a simple voice or text command, customers can conduct transactions, access financing services and process insurance claims. Over the past three months, the average number of monthly users has tripled. Average daily usage has approached one million visits, with peak daily usage reaching 1.1 million visits.

Looking Ahead: Using AI to Advance Integrated Finance, Health and Senior Care

Ping An will continue to advance its technology-driven "integrated finance + health and senior care" dual-pronged strategy. Leveraging its industry-leading financial and healthcare technology capabilities, Ping An will continue accelerating the deployment of technology across real-world business scenarios and further enhancing service efficiency and customer experience.

Looking ahead, Ping An will continue leveraging AI to upgrade its "integrated finance + health and senior care" services. Through professional services, Ping An remains committed to bringing greater peace of mind to every customer while meeting people's growing aspirations for a better life.

- End -

About Ping An Insurance (Group) Company of China, Ltd.

Ping An Insurance (Group) Company of China, Ltd. (HKEX:2318 / 82318; SSE:601318) is one of the largest financial services companies in the world. It strives to become a world-leading provider of integrated finance, health and senior care services. Under the technology-enabled "integrated finance + health and senior care" dual-pronged strategy, the Group provides professional "financial advisory, family doctor, and senior care concierge" services to its over 250 million retail customers. Ping An advances intelligent digital transformation and employs technologies to improve financial businesses' quality and efficiency and enhance risk management. The Group is listed on the stock exchanges in Hong Kong and Shanghai. As of the end of December 2025, Ping An had more than RMB13 trillion in total assets. The Group ranked 26th in the Forbes Global 2000 list in 2026, 47th in the Fortune Global 500 list in 2025, and ranked AAA in MSCI ESG Ratings in 2025.

For more information, please visit the www.group.pingan.com and follow our LinkedIn page - PING AN.

Z.AI (02513.HK) has recently completed a large-scale data center with a designed power capacity of 1 gigawatt, fully adopting domestically produced AI chips, according to Bloomberg, citing sources.

The move marks a key step for Chinese AI companies in promoting localization, shunning reliance on products from NVIDIA Corporation (NVDA.US), and building independent computing power infrastructure.

The data center has reportedly partially commenced operations to support the development of its advanced GLM platform. Z.AI has built or operated multiple computing clusters within the facility, with each cluster equipped with more than 10,000 chips.
~

AASTOCKS Financial News
Website: www.aastocks.com

Tesla (TSLA.US) will announce its second-quarter results on Wednesday (22nd), with the market believing the EV legacy is facing an increasingly challenging operating environment.

Despite a seemingly resilient macro environment, a combination of fundamental headwinds, competitive pressure and elevated valuation expectations has led the market to see higher downside risks ahead of the earnings release.

Tesla previously reported second-quarter sales and delivery data that easily exceeded market expectations, yet the share price subsequently declined.

The share price reflects alarmingly high market expectations, where outperforming expectations has become the minimum requirement. If beating delivery targets still fails to drive the stock higher, even earnings merely meeting or slightly beating expectations may still trigger a muted response from Wall Street.
~

AASTOCKS Financial News
Website: www.aastocks.com

Alphabet Inc. (GOOGL.US), the parent company of Google, rose 1.5% on Monday (20th) after The Information reported that the company is developing a new server chip internally codenamed "Frozen v2" to run Gemini models more efficiently.

The chip will permanently embed certain Gemini architecture functions into the silicon chip to reduce the amount of computation and data movement required to respond to queries, according to the report.

The company reportedly aims to deploy the chip in 2028, with the project intended to ease severe internal computing capacity shortages, which have reportedly wrought internal tensions and forced Google Cloud to reject some external business.
~

AASTOCKS Financial News
Website: www.aastocks.com

Chipmaker Advanced Micro Devices, Inc. (AMD.US), after more than a decade of recovery, is preparing to deliver its first AI rack-scale system, Helios, to customers including Microsoft Corporation (MSFT.US). The system will compete with NVIDIA Corporation (NVDA.US)'s widely adopted Grace Blackwell and Vera Rubin systems.

Microsoft announced on Monday (20th) that it will use the Helios system in its data centers, joining Meta Platforms, Inc. (META.US), OpenAI and Oracle Corporation (ORCL.US) in the race for computing power. AMD will begin shipping to customers including Microsoft later this year, but did not disclose financial terms or computing capacity.
~

AASTOCKS Financial News
Website: www.aastocks.com

Hon Hai secured its first contract to manufacture AI servers for Space Exploration Technologies Corp. (SPCX.US), with the order estimated to be worth about USD52 billion, Taiwan media reported.

SpaceX reportedly plans to deploy more than 13,000 AI server racks equipped with NVIDIA Corporation (NVDA.US) GB300 chips. Based on an estimated cost of about USD4 million per rack, the total contract value is estimated at about USD52 billion, marking Hon Hai's first AI server manufacturing order from SpaceX.

The order reportedly breaks the previous dominance of Dell Technologies Inc. (DELL.US) and Super Micro Computer, Inc. (SMCI.US) in the supply of AI servers for SpaceX.
~

AASTOCKS Financial News
Website: www.aastocks.com