华尔街见闻早餐FM-Radio | 2025年7月21日

Market Overview - US stock market showed mixed performance with tech stocks supporting a slight rise in Nasdaq, while Netflix shares dropped over 5% post-earnings report [2] - The Federal Reserve's Waller supports a rate cut in July, leading to a decline in 2-year Treasury yields by about 4 basis points [2] - Bitcoin experienced a high of $3600, outperforming Ethereum for the fourth consecutive week, while gold rose by 0.22% [2] Key Events - The opening ceremony for the Yarlung Tsangpo River downstream hydropower project was attended by Li Qiang, with a total investment of approximately 1.2 trillion yuan [10] - Japan's ruling coalition is expected to lose its majority in the Senate, with Prime Minister Kishida expressing intent to continue governing despite low approval ratings [10] - The US plans to impose heavy tariffs on Chinese graphite, which could increase battery prices by about $1000, impacting the electric vehicle market [10] Company News - Nvidia's H20 inventory is limited with no plans for resumption of production, as CEO Jensen Huang sold approximately $12.94 million worth of Nvidia stock [12] - OpenAI's new model "o3-alpha" has shown superior performance in early tests, generating significant interest in the tech community [19] Industry Insights - The Yarlung Tsangpo River hydropower project is expected to create a significant market for turbine and generator businesses, valued between 53.5 billion to 95.4 billion yuan [20] - The automotive sector is seeing positive trends with the launch of the ZunJie S800, which has surpassed 8000 pre-orders in just 50 days [20] - The semiconductor equipment industry is anticipated to benefit from increased demand driven by AI orders, particularly in advanced packaging and testing sectors [21]