Google's final antitrust ruling is settled; Nvidia refutes rumors of chip shortage | Today's Important News Recap

0903 | Dolphin Research Key Focus:

🐬 Macro/Industry

1. A grand parade and conference commemorating the 80th anniversary of the victory in the War of Resistance was held at Beijing's Tiananmen Square. President Xi delivered an important speech and reviewed the troops, with 12,000 soldiers and over 160 types of equipment on display, including new drones and hypersonic missiles unveiled for the first time.

🐬 Individual Stocks

1.$Alphabet(GOOGL.US)

A U.S. federal judge ruled that Google can retain its Chrome browser but is prohibited from signing exclusive contracts and must share search data. This ruling was interpreted by the market as a major victory for Google, with its stock price surging approximately 7% after hours. The agreement between Apple and Google regarding default search settings was largely preserved, leading to a rise in Apple's stock as well. Dolphin Research's brief commentary can be found in "Google Antitrust Ruling Finally Released".

2.$NVIDIA(NVDA.US)

NVIDIA's official social media account tweeted to deny market rumors that "H100/H200 are sold out and supply is limited," stating that these AI chips based on the Hopper architecture have "ample inventory and can meet all new orders immediately without delay." This move temporarily suppresses "shortage premium" speculation and prevents customers from turning to AMD or domestic alternatives, with attention on subsequent Q3 delivery conditions.

3.$Microsoft(MSFT.US)

Microsoft has reached an agreement with the U.S. General Services Administration to provide government agencies with preferential access to its cloud services and office software over the next three years, expected to save the government over $6 billion. The Trump administration's "OneGov" centralized procurement strategy is implemented, with Microsoft exchanging price for volume to secure major government clients, significantly compressing AWS and Google Cloud's pricing space in the public sector, resulting in stable cash flow and data barriers for three years.

4. Dolphin Research Key Focus on Earnings Reports and Conference Call Minutes

Nio: "Completely Abandoning 'Price' to Survive, Is Nio's Dilemma Reversal 'Tasty' Enough?", "Nio (2Q25 Minutes): Still Maintaining Q4 Breakeven Target"

🐬 Leading Sectors

Shanghai and Shenzhen: Gold, Video Games and Multimedia, Electrical Components and Equipment;

Hong Kong Stocks: Distributors, Pharmaceuticals, Drug Retailers;

U.S. Stocks: Precious Metals and Minerals, Silver, Gold.

🐬 Focus for Tomorrow

1. Salesforce to release earnings report.

2. U.S. ADP employment numbers, U.S. trade balance, U.S. S&P Global Services PMI final value, U.S. ISM Non-Manufacturing PMI.

Risk Disclosure and Statement of this article: Dolphin Research Disclaimer and General Disclosure