Nvidia’s H20 Chip Ban Lifted; Alibaba Ups the Ante on “Super Saturday” to Shake Up the Food Delivery War | Today's Important News Recap

0715 ｜Dolphin Research Key Focus:

🐬 Macro/Industry

1. According to data from the National Bureau of Statistics today, in June, the total retail sales of consumer goods reached 4,228.7 billion yuan, a year-on-year increase of 4.8%. Dolphin Research has already provided commentary this afternoon: Domestic consumption remains generally stable, but the growth rate of catering revenue in June plummeted to below 1%, possibly due to high subsidies from the food delivery wars leading to a decrease in actual income for dining establishments.

🐬 Individual Stocks

1.$NVIDIA(NVDA.US)

Jensen Huang, founder and CEO of NVIDIA Corporation, announced two significant developments in an interview today: 1) The U.S. has approved the sale of H20 chips to China; 2) NVIDIA will launch the RTX pro GPU, designed for computer graphics, digital twins, and artificial intelligence. This indicates a relaxation in U.S. export restrictions to China, which has a positive impact on the overall market sentiment, though future policy directions remain uncertain.

2.$Alibaba(BABA.US)

It is reported that Alibaba plans to launch a "Super Saturday" promotion every Saturday for the next 100 days. Additionally, Alibaba founder Jack Ma reportedly requested last weekend that Taobao Flash Sale "stabilize at 80 million orders." Taobao Flash Sale previously announced a 50 billion yuan subsidy for consumers and merchants over 12 months, which has rapidly increased order volume. The introduction of "Super Saturday," combined with Jack Ma's order stabilization request, helps maintain a competitive edge, and with the overall upward trend in Hong Kong stocks today, Alibaba rose over 6%.

3.$Bilibili(BILI.US)

Bilibili rose over 7% today, with multiple institutions releasing reports optimistic about Bilibili's growth and profitability improvement prospects, coupled with the overall upward momentum in Hong Kong stocks today. Bilibili has also had event-driven catalysts recently, including the opening of Bilibili World last Friday (the largest scale and high popularity) and the Investor Day on the same day, which disclosed positive developments in advertising (benefiting from AI, short dramas, games, etc., with deeper penetration of multiple advertising tools and significant year-on-year revenue growth) and games (increased production capacity, accelerated development of the Three Kingdoms season version, two exclusive titles and one self-developed title in the second half of the year, and the Three Kingdoms overseas version in the pipeline).

🐬 Leading Sectors

Shanghai and Shenzhen: Data processing and outsourcing services, cloud and data centers, placement and alarm services;

Hong Kong stocks: Cloud and data centers, diversified financial services, retailers;

U.S. stocks: Heavy electrical equipment, coal and consumable fuels, cloud and data centers.

🐬 Focus for Tomorrow

1. U.S. PPI monthly rate, U.S. PPI annual rate, U.S. industrial production monthly rate.

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