Goldman Sachs releases report maintaining SMIC buy rating and HKD 135 target price

[Reuters: Microsoft Has Closed 15 Chinese Branches and Joint Ventures Over the Past Five Years] According to Reuters, Microsoft has closed 15 branches and joint ventures in China over the past five years and had considered exiting the Chinese market in 2023, though there are currently no plans to do so. Due to U.S.-China geopolitical tensions, the replacement of foreign software with domestic alternatives in China, and U.S. restrictions on technology exports, Microsoft's expansion in China's government, cloud computing, and artificial intelligence sectors has faced obstacles. Microsoft has developed new business by providing Azure cloud services and overseas AI model access to Chinese companies going global, such as ByteDance and SHEIN, while retaining Chinese engineering talent and expanding research operations in locations like Vancouver, Singapore, and Tokyo.

[Google DeepMind Team Halts Cutting-Edge Model Development, Faces Up to 33.3% Layoffs] According to IT Home, the Google DeepMind team has halted the development of cutting-edge models and shifted its focus to more cost-effective Flash-level models. As the restructuring progresses, the Google DeepMind team faces layoffs of up to 33.3% or more, primarily streamlining redundant staff hired for algorithm roles but not engaged in algorithm work. Alphabet announced the restructuring of Google DeepMind on August 5, with Demis Hassabis stepping down as CEO to take on the role of Chairman.

According to AiCoin monitoring, a large amount of funds flowed out of the US spot BTC ETF market yesterday, with a net outflow of up to $131 million. Among them, ARKB was the largest outflow, with a daily net outflow of $58.8 million; Next is FBTC, with a total of 55.1 million US dollars. According to the "Spot BTC ETF Tracking" real-time trading strategy developed by AiCoin, there is a significant positive correlation between the inflow of ETF funds and BTC prices. Subscription indicators can be used to automatically place orders based on the flow of funds in the program. Data for reference only

OKX has announced the addition of AVNTUSD UM(X-Perp) and HBARUSD UM(X-Perp) to multiple services, including various trading services, officially launching on 2026-08-14 at 15:00 (UTC+8). Notes: - The AVNTUSD X-Contract will go live on August 14, 2026, at 15:00 (UTC+8). - The HBARUSD X-Contract will go live on August 14, 2026, at 15:15 (UTC+8). - X-Perp is a leveraged trading product. Users are advised to fully understand the risks and manage their positions responsibly.

Citrini analyst Jukan cited a research report from Guosen Securities, stating that Intel's $20 billion stock issuance was subscribed by management and exceeded institutional demand. CEO Chen Liwu and his family subscribed for $12 million at a price of $95, and the issuance scale expanded from $15 billion to $20 billion, with institutional demand exceeding $100 billion. Guosen Securities maintains Intel's buy rating and target price of $136, raises EPS expectations for 2026 and 2027, and expects backend business revenue to reach $1.1 billion and $7 billion in 2027 and 2028, respectively. The prospects for OEM and EMIB businesses are promising.