Apple(US:AAPL) Hua Er Jie Jian Wen·2025-09-19 23:30Market Overview - US stock markets reached new historical highs, with major indices closing higher, while small-cap stocks retreated from record levels [2] - Oracle's stock rose over 4% following news of a $20 billion AI cloud computing deal with Meta [2] - The Chinese concept stock index fell slightly by 0.25%, but gained 3.42% over the week [2] - Bitcoin dropped by 2%, returning to around $115,000, while gold prices increased by over 1% [2] - Asian markets saw declines in both stocks and bonds, with A-shares dropping across major indices [2] Key Developments - Xi Jinping and Donald Trump held a phone call, emphasizing the need to avoid unilateral trade restrictions [10] - ByteDance announced it would comply with Chinese laws to ensure TikTok's continued service in the US [11] - The State Council of China is discussing policies for domestic product standards in government procurement [11] - Shanghai has optimized its property tax policy, exempting first-time homebuyers from property tax [12] - Trump proposed a $100,000 fee increase on H-1B visas, which could generate over $100 billion for the US Treasury [12] Company News - OpenAI is accelerating its hardware manufacturing plans with Luxshare Precision, aiming to launch its first device by late 2026 or early 2027 [15] - Oracle is negotiating a $20 billion multi-year cloud computing agreement with Meta to provide AI model training and deployment resources [16] - TSMC's competition for 2nm capacity has seen Apple secure over 50% of the production, potentially putting competitors like Qualcomm at a disadvantage [17] - Xiaomi has open-sourced its strongest voice model, achieving state-of-the-art results in various tests [18] - Citic Securities has a positive outlook on Huawei's Ascend AI chips, emphasizing their system-level collaboration approach [19] Financial Performance - Goldman Sachs raised its target price for Industrial Fulian, citing optimistic profit growth driven by AI server market share and new product cycles [19] - Goldman Sachs also upgraded Baidu's target price, recognizing its AI cloud capabilities and doubling the valuation of its autonomous driving business [20] - JPMorgan remains bullish on Chinese bank stocks, highlighting their attractive dividend yields compared to government bonds [20] - Goldman Sachs has turned bearish on the solar sector, predicting a decline in polysilicon prices due to oversupply [20]