Rilian Technology: The subscription of newly issued shares of QES Group Berhad by its wholly-owned subsidiary will not result in control of the company, and will not have a significant impact on the company's operating performance.
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Zhipu issued 19.8 million H shares through a placement.
According to BlockBeats, on July 8, Bloomberg reported that Zhipu issued 19.8 million H shares through a placement at a price of HK$1,588 to HK$1,698 per share.
Zhang Yuhang, Beijing Municipal Bureau of Economy and Information Technology: Developing the word-based economy and exploring business models such as quantity-based pricing, performance-based payment, and subscription-based hosting.
According to Mars Finance, Zhang Yuhang, a second-level inspector of the Beijing Municipal Bureau of Economy and Information Technology, stated on July 8th that the next step will be to create a new form of intelligent economy. This includes developing a word-based economy, building word-based factories, and exploring business models such as quantity-based pricing, performance-based payment, and subscription-based hosting; accelerating research and development of key technologies for embodied intelligence and robot products, and improving the systematic evaluation capabilities of robots; supporting the innovative development of intelligent terminals such as smartphones, smart computers, smart glasses, and smart homes, and improving the pilot-scale testing service system. (Beike Finance)
Citigroup predicts a mixed outlook for US chip stocks: bullish on Micron Technology, bearish on Qualcomm.
According to Mars Finance, Citigroup analysts stated in a research report: "Given the expected rise in DRAM chip prices in the second half of 2026, Micron Technology is on the 'upside catalyst' watchlist; meanwhile, Qualcomm is on the 'downside catalyst' watchlist due to weak smartphone sales growth." The analysts added, "Fundamentally, the demand for AI computing remains in a state of supply shortage, as reflected in the recent 20% price increase of AWS EC2 GPUs. DRAM shortage is currently the biggest constraint on computing power supply." (Cailian Press)
Broadcom shares rose more than 4% in pre-market trading after the company extended its technology collaboration with Apple to 2031 through a new multi-year agreement.
According to BlockBeats, on July 6th, citing SEC filings, Broadcom (AVGO.O) and Apple (AAPL.O) have extended their technology collaboration to 2031 through a new multi-year agreement. Broadcom will develop and supply a range of custom ASIC silicon products for use in the manufacture of multiple generations of Apple products. Possibly influenced by this positive news, Broadcom's US-listed shares rose in pre-market trading, currently up over 4%.
Micron Technology and SanDisk shares rose in pre-market trading, and U.S. stock index futures reversed earlier losses.
According to data from Odaily Odaily, the three major U.S. stock index futures have reversed their earlier losses and are now all up. Micron Technology and SanDisk shares rallied in pre-market trading, recovering over 4% of their losses and turning positive; both are currently up over 1%. Computing power rental providers Nebius and CoreWeave shares also turned positive in pre-market trading, rising 3% and 2% respectively. They closed down 17% and 14% respectively in the previous trading day.
Micron Technology (MU) shares fell below $1,000 in overnight trading.
According to data from Odaily Odaily, Micron Technology (MU) shares fell below $1,000 in overnight trading and are currently trading at $997.