据智通财经报道，8月7日，苹果公司宣布，将向美国新增1000亿美元投资承诺，此举大幅加快了其在美 国的投资步伐，未来四年投资总额将达6000亿美元。今日的公告中还包括一项雄心勃勃的全新"美国制 造计划"，该计划致力于将更多苹果供应链及先进制造业务引入美国。 未来四年，苹果计划在美国直接 雇佣2万人，其中绝大多数将专注于研发、芯片工程、软件开发以及人工智能和机器学习领域。 美国总 统特朗普周三在白宫举行新闻发布会，介绍了苹果公司的新美国制造计划。在这场活动上，苹果CEO蒂 姆·库克(Tim Cook)向特朗普赠送了一份礼物：一个由iPhone玻璃制造商康宁公司打造的"独特"玻璃艺术 品，这块玻璃镶嵌在一个24K黄金底座上。（东方视频 巢思远） ...

根据预计，未来四年，苹果的"美国制造计划"将在美国直接雇佣2万人，其中绝大多数将专注于研发、芯片工程、软件开发以及人工智 能和机器学习领域。 当地时间8月6日，美国总统特朗普在副总统范斯、财政部长贝森特、商务部长卢特尼克和苹果CEO库克陪同下，在白宫椭圆办公室举行 记者会，宣布苹果公司将在今年2月承诺投资美国本土的金额基础上追加1000亿美元投资，使得未来四年对美国总投资提高到6,000亿美 元。 苹果的投资并不是由其一家公司完成，而是联合供应链合作伙伴来实施这一项雄心勃勃的全新"美国制造计划"（American Manufacturing Program，简称AMP），该计划致力于将更多苹果供应链及先进制造业务引入美国。通过实施"美国制造计划"，苹果将加大在美国各地 的投资力度，并鼓励全球企业在美国生产更多关键零部件。 据介绍，"美国制造计划"涵盖与美国本土10家企业的新合作与现有合作的深化。首批"美国制造计划"合作伙伴包括：康宁公司 （Corning）、相干公司（Coherent）、环球晶圆美国公司（GlobalWafers America，简称GWA）、应用材料公司（Applied Materials） ...

Core Insights - The article discusses the development of a new AI-assisted bioinspired super adhesive hydrogel that can maintain strong adhesion in harsh underwater environments, showcasing its potential for various biomedical applications and marine uses [2][6][10]. Group 1: Material Design and AI Integration - Researchers from Hokkaido University, led by Professor Gong Jianping, have redefined material design by utilizing AI to analyze natural adhesive protein sequences and construct iterative optimization models [2][4]. - The complexity of designing soft materials like hydrogels is highlighted, as it requires selecting appropriate building blocks and determining their arrangement, which creates a vast design space [3][5]. - Data-driven strategies, including data mining and machine learning, are becoming increasingly important in material research to reduce experimental burdens and improve performance predictions [3][4]. Group 2: Hydrogel Development and Testing - The research team developed a method for designing super adhesive hydrogels inspired by natural adhesive proteins, integrating data mining, experimental synthesis, and machine learning [6][10]. - They analyzed amino acid sequences of adhesive proteins from aquatic organisms to identify functional characteristics, leading to the design of 180 different hydrogels [7][10]. - The hydrogels demonstrated excellent underwater adhesion strength and stability in various wet environments, maintaining strong adhesion for over a year [9][10]. Group 3: Applications and Future Potential - The super adhesive hydrogels have shown significant potential in various applications, including biomedical uses such as prosthetic coatings and wearable biosensors, as well as marine applications like underwater repairs [10][11]. - The data-driven design approach used in developing these hydrogels illustrates its advantages in creating high-performance materials and its potential for broader applications in functional soft material design [11][12].

隔夜美股，苹果公司股价收盘大涨5.09%，单日市值飙升1538亿美元（约合人民币11047亿元）。这是自今年5月12日（当日涨幅6.31%）以来， 苹果录得的最大单日涨幅。 | 分时 = | | F9 盎前發后 書加 九誌 画线 下具 (2) 》 | | | | | | 苹果(APPLE) 立即 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 215,380 | | AAPL[苹果(APPLE)] 16:00 价 213.275 涨跌 10.355(5.1 ... | WP | | 213.275 +10.355 +5.10% | | | | △△P 父易 | | | | PA BEAUT BA | | | NASDAQ USD 16:00:03 | | | | / . . + | | 209.150 | | | 3.07% | 盘后价 | 219.940 涨幅量 | 3.13% | 总量 | 1.08亿 换手 | 0.65% | | 202.920 | | | 0.00% | 涨跌幅 | 6.665 盘后里 | 913. ...

Core Viewpoint - Apple has announced a significant investment commitment of $100 billion in the U.S., accelerating its investment pace with a total planned investment of $600 billion over the next four years [1]. Group 1: Investment Plans - The new "American Manufacturing Program" (AMP) aims to bring more of Apple's supply chain and advanced manufacturing operations to the U.S. [1]. - Apple plans to directly employ 20,000 people in the U.S. over the next four years, focusing on R&D, chip engineering, software development, artificial intelligence, and machine learning [1]. - Initial partners in the AMP include Corning, Coherent, GlobalWafers America, Applied Materials, Texas Instruments, Samsung, GlobalFoundries, Amkor, and Broadcom [1]. Group 2: Impact on Partnerships - The AMP will enhance collaboration with long-term partner Corning to build the world's largest and most advanced smartphone glass production line in Harrodsburg, Kentucky [2]. - This expansion will ensure that every iPhone and Apple Watch sold globally will feature glass produced in Kentucky [2]. Group 3: Market Reaction - Following the announcement, Apple's stock price surged by 5.09%, resulting in a market capitalization increase of $153.8 billion (approximately 1,104.7 billion RMB) [3].

当地时间周三（8月6日），美股三大指数集体收涨，道指涨0.19%，纳指涨1.21%，标普500指数涨0.73%。 | 特斯拉 | 319.910 | 3.62% 7821万股 | | --- | --- | --- | | TSLA | | | | 英伟达 | 179.420 | 0.65% 1.35亿股 | | NVDA | | | | 苹果 | 213.250 | 5.09% 1.07亿股 | | AAPL | | | | 超威半导体 | 163.120 | -6.42% 1.33亿股 | | AMD | | | | 亚马逊 | 222.310 | 4.00% 5472万股 | | AMZN | | | | 微软 | | 524.940 -0.53% 2132万股 | | MSFT | | | | Meta Platforms In... 771.990 META | | 1.12% 971万股 | | META | | | | 博通 | 301.670 | 2.98% 1732万股 | | AVGO | | | | Coinbase Global I... 303.580 | | 1.88% 1595万 ...

Financial Data and Key Metrics Changes - The second quarter demonstrated resilience with GMV and revenue performing above the midpoint of guidance, while adjusted EBITDA exceeded the high end [5][19] - Operating expenses declined by 4% year over year, reflecting a commitment to cost management [5][28] - Net revenue was $22.1 million, flat year over year, with transaction revenue making up approximately 75% of total revenue [25][26] - Adjusted EBITDA loss was $1.8 million compared to a loss of $1.6 million last year, with an adjusted EBITDA margin loss of 8% [28][30] Business Line Data and Key Metrics Changes - GMV modestly declined, but market share was gained in the luxury home goods market [6][36] - Average order value was nearly $2,600, flat year over year, while median order values increased by 10% to approximately $13.50 [22] - Jewelry accounted for about 20% of total GMV, increasing in high single digits, while other verticals were flat or down [24] Market Data and Key Metrics Changes - Active buyers totaled approximately 64,400, up 5% [24] - The company ended the quarter with nearly 1.9 million listings, up 3%, but unique sellers decreased by 21% year over year [16][17] - The U.S. housing market has shown the slowest spring selling season in thirteen years, impacting the luxury home goods market [36] Company Strategy and Development Direction - The 2025 roadmap focuses on accelerating organic traffic growth, ensuring competitive pricing, and optimizing the multi-step conversion funnel [7][10] - The company is embedding AI throughout its platform to enhance efficiencies and capabilities [15] - A significant addition to the leadership team was made with the hiring of Bradford Shellhammer as chief marketing officer and chief product officer [19] Management's Comments on Operating Environment and Future Outlook - The macro environment for luxury home goods remains challenging, with no major changes observed since the beginning of the year [35][36] - Despite a soft market, the company believes it can continue to gain market share based on its product roadmap [37] - The guidance for the third quarter reflects a modest rebound in average order value growth and continued conversion growth [30] Other Important Information - The company has implemented machine learning-based pricing models across all verticals to enhance pricing transparency [10][11] - Seller churn has remained elevated due to subscription pricing optimizations, but the impact on GMV and overall listings has been minimal [18][25] Q&A Session Summary Question: Changes in the overall environment since the beginning of the year - Management noted that there have not been major changes in the macro environment, with both the U.S. housing market and luxury home goods market remaining soft [35][36] Question: Vulnerability of organic traffic to AI-driven search results - Management acknowledged the potential impact of AI and chatbots on traffic but stated that there has not been a material impact on organic search traffic to date [39][40]

Core Insights - The PCI Express (PCIe) 8.0 specification aims to achieve a data rate of 256.0 GT/s, with a maximum bidirectional throughput of 1 TB/s through x16 configuration, set to be released to members in 2028 [2][4] - PCIe 8.0 is expected to support emerging applications such as artificial intelligence/machine learning, high-speed networking, edge computing, and quantum computing, as well as data-intensive markets like automotive, hyperscale data centers, high-performance computing (HPC), and military/aerospace [2][4] - The UCIe 3.0 specification has been announced, enhancing performance with support for data rates of 48 GT/s and 64 GT/s, marking the next phase in the evolution of open chip standards [5][9] PCIe 8.0 Specification Features - PCIe 8.0 will double the data rate to 256 GT/s, continuing the tradition of doubling bandwidth every three years to support next-generation applications [4] - The demand for PCIe technology is expected to grow due to its high bandwidth, scalability, and energy efficiency, particularly in data-intensive applications [4][5] UCIe 3.0 Specification Highlights - UCIe 3.0 introduces runtime recalibration for improved power efficiency and expanded sideband coverage for more flexible multi-chip configurations [5][6] - The specification supports a raw bit rate of 256.0 GT/s and up to 1 TB/s bidirectional throughput through x16 configuration [5][9] - UCIe 3.0 emphasizes higher scalability, flexibility, and interoperability, driving innovation in the chiplet ecosystem [6][9]

Investment Rating - The report maintains a positive outlook on the cloud services industry, particularly for AWS, with projected growth rates of 18%-20% in the coming years [1][4]. Core Insights - AWS shows strong order backlog and demand in both AI and non-AI sectors, similar to competitors Azure and GCP [1][3]. - NVIDIA's Blackwell chip procurement by the top four cloud providers is expected to reach $65-70 billion in 2025, with AWS capturing a smaller share compared to Microsoft and Google due to its in-house chip strategy [1][5]. - AWS's profit margin has decreased by 600 basis points due to stock incentive adjustments, but revenue growth is expected to rebound to around 30% in the upcoming quarters [8]. Summary by Sections AWS Growth and Performance - AWS is projected to achieve growth rates of 18%-19% in the second half of 2025 and 20% in the first half of 2026, with AI companies contributing significantly to revenue growth [1][4]. - Annual recurring revenue from AI companies is expected to increase from $1 billion to $4-5 billion, contributing approximately 2% to overall growth [4]. Capital Expenditure and Strategy - Capital expenditures are primarily directed towards AWS for power and data center construction, with an annualized increase of approximately $30 billion [2][9]. - There are indications that AWS may introduce AMD instance services, which could diversify its offerings but still rely heavily on NVIDIA's dominance in the cloud market [7]. Competitive Landscape - Meta's advancements in GPU machine learning are expected to enhance user engagement and profitability, with EPS projections for 2026 reaching $33, potentially rising to $35 with strong performance [12]. - Google's cloud business is performing well, with partnerships with AI-native companies and advancements in technologies like Gemini, positioning it for significant growth in 2026 [14][15].

Investment Rating - The report maintains a neutral stance on the stock market, cautious on bonds, and optimistic on commodities [2][4]. Core Insights - The report highlights that the PPI was below expectations while social financing and CPI exceeded expectations, leading to a neutral outlook for the stock market. GDP growth was above expectations, putting pressure on the bond market, while the commodity market outlook remains optimistic [1][2]. - The industry rotation model for August recommends sectors such as comprehensive, comprehensive finance, media, agriculture, forestry, animal husbandry, fishery, telecommunications, and light industry manufacturing, indicating a shift from real estate and consumer services [4][12]. - The small-cap growth style is expected to continue its dominance, supported by macroeconomic indicators and investor sentiment [5][6]. Summary by Sections Economic Indicators - As of the end of July, PPI was below expectations, while social financing and CPI were above expectations, leading to a neutral view on the stock market. GDP growth was consistently above expectations, negatively impacting the bond market [2][4]. Industry Recommendations - The August industry rotation model recommends comprehensive, comprehensive finance, media, agriculture, forestry, animal husbandry, fishery, telecommunications, and light industry manufacturing, while excluding real estate and consumer services [4][12]. Investment Strategies - The best-performing strategy in July was the new stock strategy, achieving a monthly return of 11.3%, significantly outperforming major small-cap indices [8]. - The growth trend resonance stock selection strategy yielded a return of 7.9%, while the XG Boost growth selection strategy achieved a return of 5.8% [9]. - For August, the report suggests focusing on small-cap combinations and dividend/valued selections, while not recommending growth strategies due to ongoing valuation declines [11][12]. Quantitative Models - The report discusses advancements in quantitative models, particularly deep learning models that have outperformed benchmarks significantly [13][14].