海外科技周报：财报叠加宏观因素，海外科技股波动加剧

Investment Rating - The report does not explicitly state an investment rating for the overseas technology sector, but it suggests a focus on key players like Apple, Microsoft, and Qualcomm, indicating a positive outlook on these companies [4]. Core Insights - The overseas technology sector is experiencing increased volatility due to earnings reports and macroeconomic factors, particularly in AI and cloud services. Companies like Microsoft, Meta, and Amazon have shown mixed results, with varying capital expenditure guidance [2][4]. - The report highlights the rapid iteration and practical improvements in AI models, with new products being launched that are expected to accelerate AI deployment [4]. - The cryptocurrency market is currently in a neutral sentiment zone, with a total market cap decline and significant trading volume, indicating ongoing fluctuations in investor interest [28]. Summary by Sections 1. Overseas AI - The technology sector saw a significant decline in stock prices during the week of July 29 to August 2, 2024, with the Hang Seng Tech Index dropping by 1.7% and the Philadelphia Semiconductor Index falling by 9.7% [6][7]. - Major companies reported earnings: - Microsoft reported Q4 FY24 revenue of $64.73 billion, a 15.2% year-over-year increase, with a slight decline in gross margin [12]. - Meta's Q2 FY24 revenue reached $39.07 billion, up 22.1% year-over-year, benefiting from strong advertising growth [16]. - Amazon's Q2 FY24 revenue was $147.98 billion, a 10.1% increase year-over-year, driven by its AWS cloud business [19]. - Qualcomm reported Q3 FY24 revenue of $9.39 billion, an 11.1% increase year-over-year, supported by growth in its automotive and smartphone sectors [21]. - Apple reported Q3 FY24 revenue of $85.78 billion, a 4.9% increase year-over-year, with strong performance in iPad sales [23]. 2. Web3 and Cryptocurrency Market - The global cryptocurrency market cap decreased to $2.19 trillion as of August 3, 2024, down from $2.43 trillion the previous week, indicating a decline in market sentiment [28]. - The total trading volume for cryptocurrencies was $100.6 billion, representing 4.58% of the total market cap, with a year-to-date trading volume increase of 200.26% [28].