NVIDIA Market Cap Surpasses $5 Trillion Again
NVIDIA’s stock edged up 2.3% to $207.4 per share, bringing its total market cap back to $5.02 trillion.
Nubia CEO Responds to “World’s First AI Agent Phone”
On July 10, Nubia CEO Ni Fei took to social media to address the upcoming “world’s first AI agent phone,” set to debut at WAIC. He outlined four key benchmarks for an AI agent phone: it must understand natural language effortlessly and respond in real-time; it should complete tasks and remember your habits and notes for organized storage; it needs to prioritize security, with all features built on a solid privacy foundation. Earlier, Nubia announced plans to unveil this mass-produced flagship phone at the 2026 World Artificial Intelligence Conference (WAIC).
Douyin Cracks Down on Group Live-Streaming Chaos
On July 10, Douyin released an announcement about its special campaign to clean up “group live-streaming chaos” in online entertainment.
Group live-streaming, as a new form of multi-person collaborative performance, supports entrepreneurship, employment, and cultural consumption upgrades. To standardize the ecosystem and promote healthy growth, Douyin has rolled out and continuously updated its “Douyin Live Group Streaming Content Management Guidelines” and “Douyin Live Group Streaming Agency Management Guidelines,” while regularly tackling issues like vulgar content and incentivized tipping. Following the “Qinglang・Online Entertainment Group Live-Streaming Chaos Cleanup” campaign, the platform is cracking down on problems such as “improper group account registration,” “illegal PK challenges between groups to stimulate tipping,” “misleading group streaming tactics for tips,” “vulgar and harmful content,” “infringement on minors’ rights,” and “mismanagement by group streaming MCN agencies,” all in an effort to keep the live-streaming environment healthy and green.
Since 2026, over 30,000 individuals have faced penalties like restricting withdrawals from irregular streaming revenue, disabling gift income, and banning PK features for such violations. A total of 4,025 accounts have had their live-streaming privileges revoked, and 34 agencies have been kicked out. For cases where minors were suspected of using adult accounts to stream and receive tips, 61,000 accounts had their recharge and consumption functions suspended. In collaboration with authorities, 73 fraudsters involved in illegal tipping have been arrested this year.
Sichuan Changhong: Advancing Core Semiconductor Applications in Home Appliances with GigaDevice
According to a July 10 update from Sichuan Changhong’s official WeChat account, Changhong and GigaDevice have inaugurated a joint laboratory. Their co-developed GD531 chip solution has successfully been integrated into home air conditioners and rolled off the production line, marking a significant milestone in localizing core chips for home appliances and upgrading them intelligently.
Going forward, the partnership will focus on three key areas through the lab: first, adapting and optimizing core semiconductor components like MCU chips, storage products, and analog devices for home appliance scenarios; second, building a full “R&D, testing, iteration, mass production” innovation loop to boost efficiency and product stability; and third, nurturing versatile tech talent in chip development, smart appliance control, and system integration to meet industry needs.
S&P Downgrades Oracle’s Credit Rating to ‘BBB-‘
On July 9, local time, S&P Global Ratings downgraded Oracle’s long-term issuer credit rating by one notch to ‘BBB-‘, the lowest investment-grade rating, with a “stable” outlook. S&P cited Oracle’s rapid expansion of AI infrastructure business as increasing overall credit risk.
S&P noted that Oracle’s AI endeavors require heavy upfront investments and long-term data center lease commitments. While AI service demand is strong, the industry is fiercely competitive, and other tech players diving into AI have stronger financing capabilities. S&P projects Oracle’s operating activities will consume around $42 billion in cash by fiscal 2027, up from the previous estimate of $24 billion.
The downgrade also factors in uncertainties in Oracle’s AI infrastructure profit path and the fast-changing industry landscape, S&P said. After this adjustment, Oracle’s long-term credit rating is now ‘BBB-‘, with a short-term rating of ‘A-3’.
Samsung’s Lee Jae-yong Plans to Meet NVIDIA’s Jensen Huang in Late July
On July 10, reports emerged that Samsung Electronics Chairman Lee Jae-yong is planning a trip to the U.S. at the end of July to meet with NVIDIA CEO Jensen Huang. The core agenda is expected to revolve around Samsung’s investment plans in southwestern Korea. To ensure the success of Samsung’s planned Gwangju wafer plant and the Yongin semiconductor cluster in Gyeonggi Province, Samsung urgently needs to boost its component supply ratio to NVIDIA. At the same time, securing a stable supply of NVIDIA’s AI chips is critical for building AI data center servers.
Industrial Foxconn’s Half-Year Net Profit Expected to Break 20 Billion Yuan
On the evening of July 9, Foxconn Industrial Internet Co., Ltd. (Industrial Foxconn) released a positive earnings forecast for the first half of 2026, with core data hitting new highs since the company’s listing. The half-year profit is projected to surpass the 20 billion yuan mark for the first time.
Based on preliminary calculations by Industrial Foxconn’s finance department, the company expects net profit attributable to parent company shareholders in Q2 2026 to range from 12.8 billion to 13.8 billion yuan, up 86% to 101% year-over-year (an increase of 5.9 billion to 6.9 billion yuan). For the full first half of 2026, net profit is forecasted between 23.4 billion and 24.4 billion yuan, up 93% to 101% year-over-year (an increase of 11.3 billion to 12.3 billion yuan).
