华尔街见闻早餐FM-Radio | 2025年7月16日

Market Overview - US stock and bond markets experienced fluctuations due to mild inflation data, with the Dow Jones falling nearly 1% while the Nasdaq reached a new high driven by Nvidia's strong performance [2][4] - Nvidia's stock rose by 4% following news of chip sales licenses, while AMD increased by 6.4% [2] - The 10-year US Treasury yield rose by 4.8 basis points to 4.481%, marking the highest level since February [2][6] - Asian markets showed mixed results, with the Shanghai Composite Index barely holding above 3500 points, while tech stocks like Alibaba and Tencent saw significant gains [2] Key News - US Treasury Secretary indicated that there is no need to worry about the deadline for suspending additional tariffs on China, stating that negotiations are progressing well [3][9] - The US June core CPI rose by 2.9% year-on-year, remaining below expectations for five consecutive months, which is not expected to alter the Federal Reserve's decision-making [3][9] - Nvidia announced plans to begin selling H20 chips to the Chinese market, with a new version expected to launch in September [3][11] - The approval of H20 chip sales is seen as a positive signal for the Chinese internet data center industry, with estimates suggesting a potential EPS increase of $0.25 for every $10 billion in revenue recovered by Nvidia in China [12] Company Updates - JPMorgan Chase reported Q2 revenue of $45.68 billion, exceeding expectations, with net profit reaching $15 billion, driven by strong trading performance [23] - Tesla has entered the Indian high-end market with the Model Y priced around $70,000, significantly higher than in China due to import tariffs [24] - Apple is investing in MP Materials, the only rare earth supplier in the US, to strengthen its domestic supply chain [24] Industry Insights - The brokerage sector is experiencing multiple catalysts, including high mid-year performance, innovation in virtual asset businesses, and a favorable market environment for mergers and acquisitions [25] - The semiconductor industry is poised for growth, particularly with the demand for high-end optical modules driving significant profit increases for companies like Zhongji Xuchuang [18] - The retail sector is facing challenges, with a slowdown in social retail sales growth to 4.8% in June, and a notable decline in real estate investment [21][16]