INNOSCIENCE (02577.HK) announced that it has recently entered into cooperation with NVIDIA (NVDA.US) to jointly promote the large-scale implementation of the 800 VDC (800V direct current) power architecture in AI data centers.

Such architecture is the latest generation of power systems specifically designed to efficiently power future megawattscale computing infrastructure. Compared to traditional 54 V power systems, it offers significant advantages in terms of system efficiency, heat dissipation, and reliability, enabling it to support an 100x to 1000x increase in AI computing power.

INNOSCIENCE peaked at HKD72 today, closing at HKD57.6, up 30.91%. Trading volume reached 68.7194 million shares, with a turnover of HKD4.238 billion.
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Amazon (AMZN.US) reported an 18% increase in its cloud business revenue for 2Q, reaching US$30.9 billion, slightly above the market expectation of US$30.8 billion. This segment made up 18% of Amazon's total revenue.

Alphabet (GOOG.US) earlier announced its cloud computing business revenue of US$13.62 billion, marking a 32% YoY increase. Meanwhile, Microsoft (MSFT.US) disclosed for the first time that its Azure and other cloud services revenue exceeded US$75 billion, with a QoQ growth of 39%.
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Apple (AAPL.US) announced after the market closed on Thursday that net profit for 3FQ ended June 28 hiked 9% YoY to USD23.434 billion, with EPS at USD1.57, beating market expectations of USD1.43.

iPhone sales during the quarter gained 13% YoY to USD44.58 billion, notably higher than the expected USD40.2 billion. Correspondingly, the stock price spiked 2% in after-hours trading.

By region, revenue in the Americas rose 9% to USD41.198 billion; European market revenue grew 10% to USD24 billion; and the Greater China market picked up, increasing 4% to USD15.37 billion.

CEO Tim Cook stated that the company will immensely ramp up its investment in artificial intelligence, adding that the company remains open to accelerated acquisitions.
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Amazon (AMZN.US) logged the 2Q EPS of US$1.68, surpassing the expected US$1.33. Revenue growth accelerated, up 13% YoY to US$167.7 billion, exceeding the anticipated US$162.1 billion. However, the company's earnings guidance was dismal, leading to a 3% slump in Amazon's stock price after hours.

Although Amazon's 2Q results were better than expected, its profit guidance was pessimistic. The company expected a 3Q operating profit to be between US$15.5 billion and US$20.5 billion, while the market expected US$19.5 billion.
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The U.S. June PCE price index, the Fed's preferred inflation gauge, elevated in line with expectations. Paired with investors digesting the Fed's decision not to cut interest rates for now, U.S. bourse opened higher on Thursday but closed lower.

The S&P 500 and the Nasdaq both hit record highs at the opening but closed down, with the S&P 500 down 23 points or 0.4% at 6,339, marking its third consecutive day of decline, and the Nasdaq down 7 points to 21,122. The DJIA displayed the steepest drop, ending down 330 points or 0.7% at 44,130.

Microsoft (MSFT.US) beat earnings expectations in its 4FQ, swelling more than 8% at one point, but the gain narrowed to 4% by the close, failing to surpass the US$4 trillion market cap. Meta (META.US) topped earnings expectations and provided a strong earnings forecast, with its stock price soaring 11.3%. After the market closed, Apple (AAPL.US) and Amazon (AMZN.US) announced their quarterly results, with Apple falling 0.7% and Amazon rising 1.7%.

There was immense selling pressure on stocks that had made their results announcement. Arm (ARM.US) provided a lackluster earnings forecast for 2FQ, with its stock price plunging 13.4%. Qualcomm (QCOM.US) excelled profit expectations in the last fiscal quarter, but its stock price fell off 7.7%.
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SoftBank Group (9984.JP)'s UK chip company, Arm (ARM.US), confirmed that it is researching the possibility of launching its own chips. CEO Rene Haas said that the company is currently accelerating R&D expenditure as it considers offering a complete end-to-end solution.

SoftBank Group's Arm is engaged in designing smartphone chip ecosystems. Products from Apple (AAPL.US) and Samsung also use chips based on Arm's design, while Nvidia (NVDA.US) also adopts these designs in AI data center products.
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Wang Wentao, China's Minister of Commerce, met with nearly ten American companies, including Boeing (BA.US) and Apple (AAPL.US), in Beijing yesterday (30th), according to Chinese media. Both sides exchanged views on issues such as Sino-US economic and trade relations and the development of American enterprises in China.
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Microsoft (MSFT.US) saw its stock price swell nearly 8% after-market following the announcement of its better-than-expected quarterly results. It last printed at USD551.7, driving its market value to around USD4.1 trillion, the second company with a market cap of over USD4 trillion after Nvidia (NVDA.US).

Microsoft reported a revenue growth of 18% last quarter, marking the fastest growth rate in over three years.
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Federal Reserve Chairman Jerome Powell hinted on Wednesday that the Fed is not yet ready to cut interest rates and is assessing the impact of US President Donald Trump's tariff increases on inflation.

U.S. stocks turned from gains to losses on Wednesday. The S&P 500 ended down 7 points or 0.1% at 6,362 after the interest rate decision was announced. The DJIA closed down 171 points or 0.4% at 44,461. The Nasdaq edged up 31 points or 0.1% to close at 21,129.

Techs were in a mixed bag, with Nvidia (NVDA.US) mounting over 2% outrunning, and Apple (AAPL.US) dipping 1%.

Regarding earnings stocks, Starbucks (SBUX.US) was expected to turn profitable ahead of schedule, and Visa (V.US) reported a 19% increase in last quarter's profit, beating expectations. However, both stocks concluded almost flat.
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LI AUTO-W (02015.HK) (LI.US) launched its first pure electric SUV model, the i8, with a starting price of RMB321,800, similar to the entry-level price of its hybrid model L8, according top Macquarie's research report.

NIO-SW (09866.HK) is about to release a new BEV model, the Onvo L90, with a pricing strategy likely similar to the i8, the report added.

Moreover, other car makers such as Aito and Tesla (TSLA.US) will also introduce similarly positioned models, believing that competition in the 6 to 7-seater BEV market will become increasingly fierce in the coming months.

Macquarie estimated that i8's annual sales will reach 26,000 units this year, with target prices of $110/ US$28 for H-shares/ US stock, and ratings at Neutral.
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