"High Price, Low Configuration" Version of NVIDIA B30A to Enter China? Apple's Self-Developed "World Knowledge Q&A" | Today's Important News Recap

0904 ｜Dolphin Research Key Focus:

🐬 Macro/Industry

1. The Ministry of Industry and Information Technology and the State Administration for Market Regulation issued the "2025-2026 Steady Growth Action Plan for the Electronic Information Manufacturing Industry." It sets a target for the industry's average annual revenue growth rate to exceed 5% in 2025-2026, with the server industry scale surpassing 400 billion yuan by 2026. It also aims to address low-price competition in photovoltaics and strengthen industry chain collaboration.

2. The Federal Reserve announced that it will hold a "Payments Innovation Conference" in Washington on October 21, focusing on four major themes: the integration of traditional and decentralized finance, new use cases and business models for stablecoins, the application of artificial intelligence in payments, and the tokenization of financial products and services. This is the first time the Federal Reserve has included stablecoins, tokenization, and AI payments in its official agenda, which will directly benefit U.S. stablecoin issuers, RWA (Real World Asset) platforms, and AI risk control service providers.

🐬 Individual Stocks

1.$NVIDIA(NVDA.US)

According to foreign media reports, NVIDIA is seeking approval to launch the "B30A" AI chip based on the Blackwell architecture in the Chinese market, with a planned price of approximately $24,000, which is double the current H20 chip ($10,000–$12,000). The chip features a single-chip design with computing power about half of the flagship B300, still equipped with HBM and NVLink, and samples are expected to be available from September. If approved, the high pricing strategy could offset the gross margin compression caused by U.S. export restrictions, bringing potential additional revenue; however, the double pricing may increase the Capex of Chinese data centers, potentially accelerating domestic substitution.

2.$Apple(AAPL.US)

Apple plans to launch an AI web search feature codenamed "World Knowledge Answers" in spring 2026 with iOS 26.4, directly integrated into Siri, Safari, and Spotlight. It aims to compete with ChatGPT and Perplexity, among others. This week, Apple reached a formal agreement with Google to evaluate and test Google's AI models to enhance Siri's capabilities.

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

Salesforce: "Salesforce: Is AI a 'Savior' or a 'Death Knell'?", "Salesforce (Minutes): AI is an Assistant, Not a Killer, SMEs are the New Growth Direction"

🐬 Leading Sectors

Shanghai and Shenzhen: Retailers, leisure facilities such as stadiums, hotels, resorts, and cruises;

Hong Kong Stocks: Highway freight, computer and electronic product retailers, media;

U.S. Stocks: Marine port operators, kitchenware, internet information and content.

🐬 Focus for Tomorrow

1. Broadcom and Lululemon will release their earnings reports, and Dolphin Research will track and provide interpretative analysis. Risk disclosure and statement of this article: Dolphin Research Disclaimer and General Disclosure