Mei Ri Jing Ji Xin Wen·2025-08-29 10:58Market Overview - Major U.S. stock index futures declined, with Dow futures down 0.37%, S&P 500 futures down 0.35%, and Nasdaq futures down 0.51% [1] - Popular Chinese stocks showed mixed performance in pre-market trading, with Tencent Music and Li Auto rising over 1%, Baidu up nearly 1%, while Xpeng Motors fell over 1% [1] Cryptocurrency Market - Bitcoin dropped below $110,000, currently at $109,940.2, reflecting a 2.82% decrease in the past 24 hours; Ethereum fell to $4,375.62, down 4.79% [1] Company Performance - Nvidia's pre-market shares fell nearly 1% due to Q2 data center sales falling short of expectations [1] - Alibaba's stock rose nearly 3% following the release of its Q1 FY2026 earnings report, which showed a 10% year-over-year revenue growth and a 76% increase in net profit, exceeding market expectations. Alibaba Cloud's revenue grew 26%, marking a three-year high [1] - Dell's shares dropped over 6% despite reporting Q2 revenue and profit that exceeded market expectations, attributed to a decline in AI server orders [1] Government and Legal Developments - Intel received $5.7 billion in government funding from the U.S. government, with an additional $3.2 billion contingent on meeting conditions set by the Department of Defense [2] - A court document revealed that the UK government sought broader access to Apple's cross-border cloud data than previously expected, leading to a 0.49% drop in Apple's stock [2] Market Predictions - Tom Lee, co-founder of Fundstrat Global Advisors, predicts that the current U.S. stock bull market could last until 2035, driven by demographic trends and transformative technologies such as AI and blockchain [2]