Tesla teams up with Samsung to secure a major chip deal; Pay attention to tonight's Li Auto i8 launch event | Today's important news recap

0729 Dolphin Research Focus:

🐬 Macro/Industry

1. According to the Hong Kong Stock Exchange website, the first phase of lowering the minimum price fluctuation in the Hong Kong securities market will take effect on August 4th. The adjustment applies to securities including stocks, real estate investment trusts, etc. Reducing the price fluctuation unit helps market prices more accurately reflect supply and demand relationships, promoting reasonable price fluctuations. In the long run, it is expected to activate market trading activity, attract more capital inflow, and inject new vitality into the Hong Kong stock market.

2. The Federal Reserve's July FOMC meeting is being held today and tomorrow, with the decision announced at 2:00 AM Beijing time on the 31st. The market expects a >95% probability of maintaining the rate at 4.25-4.50%, but attention should be paid to whether a signal for a rate cut in September will be released. Currently, holding steady is almost certain, but if the statement or press conference mentions "data-dependent rate cuts," it will strengthen expectations for action in September, benefiting the dollar, gold, and growth stocks.

🐬 Individual Stocks

1.$Alibaba(BABA.US)

Alibaba has open-sourced its movie-grade video generation model Tongyi Wanxiang Wan2.2, covering three models: text-to-video, image-to-video, and unified video generation. The open-sourcing of Tongyi Wanxiang 2.2 demonstrates Alibaba's technical strength in the AI video field and its determination to drive industry development, highlighting Alibaba's influence in the AI open-source ecosystem, consolidating its position in the large model market, and potentially boosting investor confidence in Alibaba's frontier technology layout. Continued attention is needed on application implementation and market feedback.

2.$NVIDIA(NVDA.US)

It is reported that due to unexpected demand in the Chinese market, NVIDIA has officially added an order of 300,000 H20 chips to TSMC last week to supplement the existing inventory of 600-700,000 chips and has resumed production scheduling for this AI GPU specifically for China; however, the U.S. Department of Commerce has not yet issued new export licenses. The 300,000 chips correspond to a value of approximately 9-10 billion RMB, and if all shipments are confirmed, it will directly drive NVIDIA's data center revenue growth by 2-3 percentage points in fiscal year 2026 and increase TSMC's CoWoS capacity utilization by 3-5%. Export licenses remain a key variable.

3.$Tesla(TSLA.US)

Tesla has signed a $16.5 billion chip foundry deal with Samsung, with Samsung's new Texas plant setting up a dedicated production line for Tesla's AI6 chips. Currently, Samsung produces AI4 chips, and AI5 chips are manufactured by TSMC. For Tesla, this helps ensure chip supply and advances the application of AI technology in fields such as autonomous driving and humanoid robots, strengthening its technological advantage. Continued attention is needed on order execution and market response.

4.$Microsoft(MSFT.US)

Microsoft has officially announced the testing of "Copilot mode" in the Edge browser. AI can automatically compare prices and book tickets across tabs, currently as an experimental feature, optional for activation, and may be integrated into subscription fees in the future. Edge is evolving from an "information pipeline" to a "task agent," directly competing with Google's Gemini-in-Chrome, potentially amplifying Bing search share and Copilot subscriptions. In the medium to long term, if Microsoft successfully integrates Edge+Copilot into the default workflow of Windows 12, it can significantly raise user migration costs and consolidate its voice in the AI entry point.

5.$Li Auto(LI.US)

Li Auto will hold the i8 product launch event tonight (July 29th) at 19:00, expected to last 90 minutes. Li Auto i8 is the brand's first pure electric SUV, positioned as a 6-seat mid-to-large model, with an estimated price of 350,000-400,000 RMB. Previously, Li Auto's first pure electric MPV model MEGA faced lukewarm reception, and the i8 carries the responsibility of reshaping the brand's pure electric image.

5. Tonight, Spotify will release its financial report, and Dolphin Research will track and provide interpretative analysis.

🐬 Leading Sectors

Shanghai and Shenzhen: Life Science Tools and Services, Communication Equipment, Real Estate Services;

Hong Kong Stocks: Life Science Tools and Services, Forest Products, Residential Construction Companies;

U.S. Stocks: Semiconductor Materials and Equipment, Multi-line Insurance, Footwear.

🐬 Focus for Tomorrow

1. Luckin Coffee, New Oriental, and CATL will release their financial reports, and Dolphin Research will track and provide interpretative analysis.

2. U.S. ADP employment numbers, U.S. real GDP annualized quarterly rate preliminary value, U.S. real personal consumption expenditure quarterly rate preliminary value, U.S. core PCE price index annualized quarterly rate preliminary value.

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