Group 1 - Apple has lost top AI robotics researcher Jian Zhang to Meta's Robotics Studio, along with other employees who joined OpenAI and Anthropic [5][6] - SAP announced plans to invest over €20 billion in "sovereign cloud" over the next decade to support AI ambitions in Europe, ensuring compliance with data protection regulations [5][6] - NVIDIA responded to rumors about limited supply of H100/H200 chips, stating that inventory is sufficient to meet customer demand and that recent sales performance of H20 chips will not impact overall operations [6][7] Group 2 - Analysts predict that Apple will launch foldable iPhones and iPads in the coming years, utilizing ultra-thin glass, which is more challenging and costly to produce than traditional glass [10][11] - The forecast for foldable iPhone shipments has been raised from 6-8 million to 8-10 million units by 2026, with expectations of 20-25 million units by 2027 [11][12] - Expected shipments for foldable iPads in 2028 are projected to be between 500,000 and 1 million units [12]

Market Overview - The three major U.S. stock indices closed lower on September 2, with the Dow Jones down 0.55% at 45,295.81 points, the S&P 500 down 0.69% at 6,415.54 points, and the Nasdaq down 0.82% at 21,279.63 points, with all indices experiencing a drop of over 1% at one point during the day [1][2]. Economic and Regulatory Developments - A U.S. Court of Appeals ruled on August 29 that President Trump did not have the authority to impose tariffs on multiple countries, which could lead to the federal government needing to refund tens of billions of dollars if the tariffs are deemed illegal [2]. - The ruling will not take effect until October 14, allowing the Trump administration to appeal to the Supreme Court [2]. - The anticipation of reduced tariff revenue is expected to increase the need for the U.S. government to issue more bonds to cover budget deficits, pushing up U.S. Treasury yields [2]. Bond Market Insights - The yield on the 10-year U.S. Treasury bond briefly surpassed 4.3%, while the 30-year bond yield reached a high of 4.99%, the highest level since July 18, nearing the 5% mark [2]. - Analysts express concerns that a 5% yield on the 30-year bond could act as a resistance level, particularly affecting overvalued stocks [3]. Stock Performance - Major tech stocks mostly declined, with Nvidia down 1.91%, Microsoft down 0.31%, Apple down 1.04%, Google down 0.72%, Amazon down 1.6%, and Tesla down 1.35% [4][5]. - The Philadelphia Semiconductor Index fell 1.12%, with only 5 out of 30 component stocks rising [5]. Chinese Stocks - Chinese stocks listed in the U.S. saw gains, with the Nasdaq Golden Dragon China Index up 0.52%. Notable performers included Beike up 4.89%, Li Auto up 4.5%, and Alibaba up 2.63% [6]. Company News - A U.S. judge ruled that Google does not need to sell Chrome or divest its Android operating system, leading to a post-market surge for Google and Apple shares [7]. - Apple faces talent loss in its AI division, with its robotics AI research head moving to Meta, alongside several other researchers [8]. - Nvidia denied rumors of supply constraints for its H100/H200 chips, asserting that it has sufficient supply to meet all orders [9]. - Microsoft announced a new agreement with the U.S. government to provide free Microsoft 365 Copilot services, expected to save over $3 billion in the first year [10]. - SAP plans to invest over €20 billion in "sovereign cloud" over the next decade to support AI ambitions in Europe [11]. - Warren Buffett expressed disappointment over Kraft Heinz's decision to split into two publicly traded entities, reversing a merger he previously supported [12]. - NIO's CEO Li Bin stated that the company plans to maintain R&D investments of 2 to 2.5 billion yuan per quarter to ensure long-term competitiveness [13]. - Chinese stock ETFs in the U.S. have seen significant inflows, with the Xtrackers CSI 300 China A-Shares ETF attracting $177 million last week, marking the highest inflow since March [14].