Xuan Gu Bao·2025-07-22 00:00Market Overview - Nasdaq and S&P 500 indices reached new highs during the day but closed with reduced gains, with S&P 500 up 0.14%, Dow down 0.04%, and Nasdaq up 0.38% [1] - Google shares rose by 2.7%, leading the tech giants, while Cleveland-Cliffs steel stock surged nearly 13% due to record steel shipments in Q2 [2] - The Nasdaq Golden Dragon China Index fell by 0.28%, with stocks like JD.com, Bilibili, and Alibaba seeing declines of up to 1.5% [2] - U.S. Treasury yields fell across the board, with the 10-year yield dropping over 3 basis points, and the dollar weakened by 0.6% [2] Precious Metals - Precious metals experienced a broad increase due to a weakening dollar, with gold rising nearly 1.5% to around $3,400 and silver increasing over 2% [3] Technology Developments - GPT-5 is expected to be released within two weeks, and GPT-6 may already be in training, with significant GPU resources allocated [4] - Google's Gemini advanced version received official certification from IMO for 2025, focusing on natural language end-to-end reasoning [6] Semiconductor Industry - SK Hynix is discussing expanding the production scale of its HBM3E 8-layer products, with expected shipments exceeding initial forecasts due to recent export control relaxations [11] - HBM technology is highlighted as a critical component for AI chip architecture, emphasizing its high bandwidth and energy efficiency [11] Electric Vehicle Market - The electric two-wheeler market in China saw explosive growth in the first half of 2025, with sales reaching 32.325 million units, a year-on-year increase of 29.5% [13] - Government subsidies and consumer incentives are driving this growth, with new safety regulations set to take effect in September 2025 [13] Digital Human Technology - ByteDance's Volcano Engine is testing a new digital human platform named "Chimera," which will offer various services including digital avatars and video translation [14] Corporate Announcements - Anning Co. plans to invest 6.508 billion yuan in restructuring and acquiring 100% of a mining company, which is expected to enhance its resource reserves and market share [16] - Longchuan Technology reported a net profit of 427 million yuan for the first half of the year, a year-on-year increase of 98.73% [17] - Hai Tian Rui Sheng's net profit for the first half is projected between 2.944 million and 4.416 million yuan, reflecting a significant year-on-year growth of 607.01% to 960.52% [17] Stock Performance - Several companies reached historical highs, including BiKang Technology and WuXin Tunnel Equipment, both with a 29.99% increase [18] - The upcoming stock unlocks include GuoBo Electronics with a market value of 19.938 billion yuan, representing 55.46% of its shares [21]