What's on the News?

• On Tuesday, the top - ranked NVIDIA Corporation(NVDA.US)  in US stock trading volume fell 2.54%. According to reports, NVIDIA founder and CEO Jensen Huang has been continuously reducing his holdings.
  According to filings with the US Securities and Exchange Commission (SEC), on July 18, Huang sold approximately 75,000 shares of common stock, cashing out around $12.94 million at prices ranging from $172.0652 to $173.6049 per share. From July 16 to 18, Huang had already reduced his holdings by 225,000 shares, estimating a total cash - out of over $38 million based on the transaction prices.
• 2nd - ranked Tesla Motors, Inc.(TSLA.US)  rose 1.10%. The legal showdown between Tesla and the California Department of Motor Vehicles (DMV) officially began in Oakland on Monday, with the hearing set to last five days. California regulators accused Tesla of making "false or misleading" statements regarding its Autopilot and Full Self - Driving (FSD) features between 2021 and 2022, allegedly in violation of state law.
  The core of the dispute lies in Tesla's long - standing use of the terms "Autopilot" and "Full Self - Driving" for its driver - assistance software, which can easily lead people to believe that the vehicles are capable of fully autonomous driving.
• 3rd - ranked Block(XYZ.US)  rose 1.52%. Formerly known as Square, Block is set to be included in the S&P 500 index, highlighting the growing influence of digital payments and cryptocurrency in the mainstream financial sector. According to an announcement by S&P Dow Jones Indices, the change will take effect before the market opens on July 23, with Block replacing Hess as a new member of the benchmark index.
  This change stems from Chevron's $53 billion acquisition of Hess, which results in Hess, an energy producer, exiting the S&P 500 index. Block's promotion is seen as a milestone in its transformation from a payment processor to a comprehensive fintech platform - the company has now expanded into peer - to - peer transfers, merchant services, and consumer lending. Its subsidiary Square Financial Services received approval from the Federal Deposit Insurance Corporation earlier this year to begin offering consumer loans directly through its Cash App Borrow product.
• 4th - ranked Apple Inc.(AAPL.US)  rose 0.90%. According to sources, Apple's adjustments to App Store rules and fees may be approved by the EU antitrust authorities, avoiding potential daily hefty fines.
  Apple said last month that developers would pay a 20% processing fee for purchases made through the App Store, though the fee could be as low as 13% for Apple's small - business program. Developers who guide customers to make payments outside the App Store will pay fees ranging from 5% to 15%. In addition, they can use any number of links to direct users to external payment channels.
• 5th - ranked Alphabet Inc. Class A(GOOGL.US)  rose 0.65%. According to sources, Google is in talks with several news organizations about a new licensing cooperation plan related to artificial intelligence (AI). Initially, pilot projects will be launched with about 20 national - level media outlets, indicating the company's desire to mend its increasingly strained relationship with the news industry.
  A Google spokesperson only said that the company is exploring new cooperation models and product experiences but could not share specific details at the moment.
• 7th - ranked Advanced Micro Devices, Inc.(AMD.US)  fell 1.45%.
• 11th - ranked Netflix, Inc.(NFLX.US)  fell 3.50%. UBS raised its target price on Netflix from $1,450 to $1,495, maintaining a "buy" rating. UBS noted that the streaming giant continues to show strong revenue growth and operating leverage. However, several institutions, including InvestingPro, believe its current valuation may be slightly overpriced.
  Netflix's second - quarter revenue grew 17% year - on - year, in line with expectations and slightly higher than the 16% increase in the first quarter. Operating profit surged 45%, exceeding analysts' expected growth of about 40%. The gross margin remained stable at 48.49%.
• 14th - ranked Robinhood(HOOD.US)  fell 2.39%. Cryptocurrency - related stocks in the US market collectively declined on Tuesday.
• 15th - ranked Broadcom Limited(AVGO.US)  fell 3.34%. Analysts pointed out that even with potential increased competition, Broadcom is still well - regarded by the capital market, with its stock price rising to $288 on July 22, a market cap of nearly $1.36 trillion, making it the eighth - largest company globally by market value and the second - largest semiconductor company. The industry has begun to discuss whether Broadcom's market value will reach $2 trillion in 2027 or 2028, one reason being that the focus of the AI industry will shift from training to inference, thereby promoting its better development prospects. However, this view is still quite controversial. As the industry ecosystem evolves, how Broadcom can continue to maintain strong competitiveness may become a major "barometer" in the industry.
• 19th - ranked Lockheed Martin Corporation(LMT.US)  fell 10.81%. The company announced its Q2 results on Tuesday, which were below expectations, and it lowered its full - year profit guidance. This is because the world's largest defense contractor suffered a $1.6 billion loss on an aviation project and in its Sikorsky helicopter division.
  Data shows that Lockheed Martin's second - quarter net sales were $18.16 billion, below market expectations. Operating profit fell 65% to $748 million, far below the market - expected $2.15 billion.
  Lockheed Martin incurred a $1.6 billion project loss and $169 million in other expenses. These additional costs were related to the company's failure to secure a US Air Force contract and also included expenses to address newly discovered risks.
  Lockheed Martin expects full - year earnings per share to be between $21.70 and $22, down from a previous estimate of up to $27.30.
• 20th - ranked Circle(CRCL.US)  Internet fell 8.23%. On July 22, investment firm Compass Point Research downgraded Circle from "neutral" to "sell." Analysts pointed out that if the Federal Reserve cuts interest rates, Circle's earnings are expected to decline, which could affect its future profitability.
  It is understood that Circle's revenue structure is dominated by interest income. Its stablecoin USDC has a circulation of about $60 billion, and the interest generated by its reserve assets (mainly US Treasury bonds) accounts for 99% of its income. If the Federal Reserve cuts interest rates, the decline in Treasury yields will directly reduce this part of the income.