华尔街见闻早餐FM-Radio | 2025年8月6日

Market Overview - The US ISM Services PMI shows signs of weakness, with the price index remaining high, raising concerns about stagflation risks affecting the Federal Reserve's policy path [2][3] - Large tech stocks led the decline in US markets, while small-cap stocks saw a 0.6% increase [2] - AMD's Q2 profits fell short of expectations, leading to a 5.7% drop in stock price post-earnings [2][5][16] - US Treasury yields rose broadly, with the 2-year yield increasing by nearly 5 basis points [2] - Gold experienced a V-shaped recovery, rising 1.2% from its daily low, while oil prices fell by 1.6% amid reports of potential ceasefire discussions between Russia and Ukraine [2][15] Key News - The People's Bank of China and seven departments are enhancing financial support for new industrialization and digital infrastructure [3][12] - The US ISM Services PMI for July was reported at 50.1, with the employment index contracting and the price index reaching a new high since October 2022 [3][13] - Trump is expected to announce new tariffs on drugs and chips, while also considering candidates for the Federal Reserve Board [3][13] - The US Treasury plans to issue a record $100 billion in four-week Treasury bills this week [3][14] Company Updates - AMD reported record Q2 revenue but faced a decline in profit margins and a 30% year-over-year drop in EPS, with uncertainty surrounding the export of MI308 products to China [5][16] - OpenAI released two free-to-use open-weight language models, marking its first release of this kind in six years [6][18] - Anthropic launched Opus 4.1, enhancing capabilities in programming, research, and data analysis [19] - Nvidia's stock surged, while Apple and Tesla faced declines, indicating a divergence among tech giants [29] Industry Insights - The Chinese Robotaxi industry is on the verge of large-scale deployment, with leading companies expected to achieve profitability by 2026 [24] - The high demand for high-end chips has led to a significant revenue increase for Haiguang Information, with Q2 revenue up 41.1% year-over-year [25] - The solar glass industry is facing challenges due to weak demand and high production costs, leading to a forecasted decline in profitability [24]