TradingKey

TradingKey - Apple (AAPL) is further increasing its investment in edge AI, aiming to enable large AI models to run locally on iPhones. The CEO of PrismML, a Silicon Valley AI startup, stated that Apple is in talks for technical cooperation to leverage extreme model compression technology. The goal is to run high-performance large models directly on iPhones, overcoming the hardware bottlenecks of edge AI. PrismML officially announced a compressed version of Alibaba's Tongyi Qianwen (Qwen) model, reducing the original 27-billion-parameter model from 54GB to under 4GB, allowing it to run fully on iPhone 15 and newer models. This technology will achieve a more than 90% reduction in memory footprint, a 6-8x increase in inference speed, and a 3-6x reduction in power consumption.

• Wells Fargo reported narrowing net interest margins and rising deposit costs this quarter. • Ongoing regulatory asset caps and compliance expenses continue to constrain bank growth initiatives. • Management issued cautious full-year guidance citing inflationary pressures and elevated credit loss provisions.

• Palantir shares rose due to commercial segment acceleration and strong enterprise AI platform adoption. • Institutional accumulation and consistent GAAP profitability bolstered investor confidence in the technology firm. • Analysts issued multiple buy ratings with an average price target of $186.32.

• Uber shares declined due to labor classification scrutiny and concerns over operating costs. • Macroeconomic pressures and potential reductions in consumer discretionary spending are fueling investor uncertainty. • Rising competition from autonomous vehicle fleets presents strategic risks to Uber’s market share.

• Global copper supply-demand imbalances are driving Southern Copper Corporation's positive performance. • The company maintains low cash costs, supporting high margins and consistent dividend payments. • Southern Copper reports $13.42 billion in annual revenue and $4.33 billion in net profit.

• UBS surpassed cost-reduction targets, improving operating leverage and wealth management asset inflows. • Stabilizing macroeconomic conditions and neutral monetary policy improve net interest income predictability. • Analyst upgrades and clear capital return paths bolster institutional investor confidence in UBS.

• Smartphone manufacturers are increasingly transitioning toward in-house silicon, impacting Qualcomm’s high-margin modem volume. • Slow diversification into automotive and AI sectors fails to offset mobile market volatility. • Elevated interest rates and cyclical consumer spending concerns drive institutional selling of Qualcomm shares.

• IBM shares declined following a security vulnerability and downgraded annual revenue guidance. • Consulting revenue contracted as clients paused projects amid security and budgetary concerns. • IBM suspended its share buyback program and reduced dividend payouts to shareholders.

• Rising commodity prices and industrial demand bolster BHP's iron ore and copper revenues. • Expectations of Chinese infrastructure growth support demand for BHP's steel-making raw materials. • BHP reports $51.26 billion in annual revenue with a $9.02 billion net profit.

• Robust cloud capital expenditure supports NVIDIA's AI infrastructure demand and margin stability. • Lower producer price index data signals potential for more accommodative monetary policy. • Analysts maintain buy ratings amid growth in software ecosystems and sovereign AI.

• Annual recurring revenue grew due to rapid adoption of integrated platform security modules. • Advanced generative AI features in the Falcon platform improve threat detection and resolution efficiency. • Technical indicators suggest a sell condition despite analyst upgrades and positive market sentiment.

Tradingkey - U.S. June CPI inflation slowed more than market expectations, but Fed Chair Wash delivered hawkish remarks, emphasizing that the current primary task is to restore price stability and ensure the high inflation of the past five years becomes a thing of the past. On July 14, Eastern Time, inflation data released by the U.S. Bureau of Labor Statistics showed that the unadjusted June CPI increased by 3.5% year-on-year, significantly lower than the market expectation of 3.8%; the CPI decreased by 0.4% month-on-month, also exceeding the expected 0.1% decline. In terms of core inflation, the core CPI monthly rate recorded 0%, the smallest increase since January 2021, compared to market expectations of 0.2%. Overall, while the slowdown in June CPI exceeded expectations due to falling energy prices, significant inflationary pressures remain, as the current 3.5% year-on-year increase is still a considerable distance from the Federal Reserve's 2% inflation target.

• Higher SSD contract prices are driving positive earnings estimate revisions for the company. • AI infrastructure demand and stacked NAND technology gains are boosting market share. • Analysts issued multiple buy ratings with an average price target of $2053.68.

• Platformization and customer migration strategies are driving larger, multi-year contracts and revenue growth. • Integration of generative artificial intelligence enhances competitive positioning and security product win rates. • Institutional demand is supported by stabilizing interest rates and strong cybersecurity sector growth.

• Citigroup shares fell as operating expenses exceeded expectations due to restructuring and regulatory costs. • Management reported rising deposit costs and increased provisions for credit losses on consumers. • Regulatory friction continues to limit the bank's share buyback programs and capital returns.

• Intel reports improved yields on 18A process nodes boosting investor confidence. • New AI-integrated processors are expected to drive stronger second-half revenue performance. • Analysts revised forecasts upward following favorable domestic semiconductor manufacturing policy developments.

• Dell reports a significant expansion in its artificial intelligence server backlog. • Proprietary liquid-cooling technology provides a competitive advantage in data center infrastructure. • Recovering enterprise IT budgets and improved semiconductor supply chains support revenue growth.

TradingKey - On July 14, ET, AMD (AMD) regained upward momentum. As of press time, the stock rose 6.05% to $566.73. According to people familiar with the matter, a subsidiary of the Chinese telecommunications equipment maker ZTE and Kingsoft Cloud have received approval to purchase AI chips from Nvidia (NVDA) and AMD, further expanding the list of Chinese companies known to have obtained U.S. licenses.

• KLA Corporation benefits from rising demand for advanced semiconductor metrology and inspection tools. • Analysts increased price targets amid strong order backlogs and expectations for robust margins. • Technical indicators show the stock is currently in an oversold condition.

• Arm Holdings shares declined amid sector-wide profit-taking and cooling semiconductor investor sentiment. • Concerns regarding slowing royalty growth and rising long-term Treasury yields pressured the stock valuation. • Increasing competition from open-source RISC-V architecture weighs on long-term growth and market share assumptions.