Overnight US stocks | Tech stocks fully rebounded, the Philadelphia Semiconductor Index surged more than 8%, and Microsoft (MSFT.US)'s market capitalization surged by 450 billion US dollars in a single day to the highest in individual stock history

The Zhitong Finance App learned that on Thursday, the three major indices closed sharply higher, and the Philadelphia Semiconductor Index surged more than 8%. The stock price of Microsoft (MSFT.US) surged 15.5%, and its market capitalization increased by about 450 billion US dollars in a single day, the biggest increase in the market value of a single stock in the history of a single stock. US Treasury yields are still under pressure. After the Federal Reserve decided to keep interest rates unchanged, 30-year Treasury yields hovered near 2007 highs.

[US stocks] At the close, the Dow rose 613.92 points, or 1.19%, to 52208.06 points; the NASDAQ rose 679.24 points, or 2.78%, to 25122.18 points; and the S&P 500 rose 121.48 points, or 1.66%, to 7437.63 points. Micron Technology (MU.US) rose 18%, SanDisk (SNDK.US) rose 26%, SK Hynix (SKHY.US) rose 17%, and Nvidia (NVDA.US) rose more than 2%. The Nasdaq China Golden Dragon Index rose 1.05%, and IQ.US (IQ.US) rose 4%.

[European stocks] The German DAX30 index rose 164.94 points, or 0.65%, to 25613.70 points; the UK FTSE 100 index fell 11.52 points, or 0.11%, to 10896.89 points; the French CAC40 index rose 77.37 points, or 0.92%, to 8485.64 points; the European Stoxx 50 index rose 96.51 points, or 1.54%, to 6345.35 points; Spain's IBEX35 index rose 357.73 points, or 1.84%, to report 19748.03 points; Italy's FTSE MIB index rose 637.89 points, or 1.24%, to 52081.00 points.

[Asian Stock Market] The Nikkei 225 Index rose 0.71%, and the Korea Composite Stock Price Index fell 1.23%.

[US Dollar Index] The US dollar index, which measures the US dollar against the six major currencies, fell 1.01% on the same day and closed at 99.868 at the end of the foreign exchange market. As of the end of the exchange market in New York, 1 euro was worth $1.1535, up from $1.1452 on the previous trading day; 1 pound was worth $1.3476, up from $1.3364 on the previous trading day. 1 US dollar was worth 158.93 yen, lower than 163.32 yen on the previous trading day; 1 US dollar was worth 0.8040 Swiss franc, lower than 0.8149 Swiss franc on the previous trading day; 1 US dollar was worth 1.3996 Canadian dollars, lower than 1.4040 Canadian dollars on the previous trading day; and 1 US dollar was worth 9.5189 SEK, lower than 9.6434 on the previous trading day.

[Cryptocurrency] Bitcoin rose more than 1% to $64,700; Ethereum rose more than 0.6% to $1920.

[Crude oil] Light crude oil futures for September delivery on the New York Mercantile Exchange fell 87 cents, or 1.03%, to close at $83.59 a barrel; London Brent crude oil futures for September delivery fell $1.71, or 1.88%, to close at $89.03 a barrel.

[Precious Metals] Spot gold reported $4105.65; spot silver reported $59.09.

[Macro News]

OpenAI announced price cuts for two GPT-5.6 models. OpenAI said on Thursday that it will cut the prices of the two GPT-5.6 models after improving the efficiency of the systems that support the models. OpenAI announced that it will reduce the price of GPT-5.6 Luna by 80% and the price of GPT-5.6 Terra by 20%. LUNA now charges $0.2 per million input tokens and $1.20 per million output tokens; the price of Terra is $2 per million input tokens and $12 per million output tokens. OpenAI said that the price reduction of LUNA and Terra is reflected in the billing rules of Codex and ChatGPT Work, but the strongest version, GPT-5.6 Sol, will not drop in price. OpenAI also said it will provide a faster option for GPT-5.6 Sol in the API. Recently, OpenAI is fiercely competing with companies such as Anthropic to see who can provide the best model. Both OpenAI and Anthropic have adjusted pricing, rate limits, and other usage policies as next-generation inference models consume significantly more tokens in longer-running proxy tasks.

Citadel took over Situational Awareness' large-scale AI stock holdings. According to reports, due to huge losses, Situational Awareness, a hedge fund founded by former OpenAI researcher Leopold Aschenbrenner and managed at a scale of 24 billion US dollars, was hit hard recently, and then quickly sold a large portion of its open market stock holdings worth 16 billion US dollars to Citadel. People familiar with the matter said that the hedge fund previously held urgent negotiations with several investors on Wednesday evening to discuss the sale of a large number of open market positions. Situational Awareness also holds shares in several private companies, including Anthropic worth $5 billion. According to a source familiar with the matter, the fund company will continue to operate as a private investment company. Another person familiar with the matter said that in the past 24 hours, at least three hedge funds with multi-billion dollar management have begun negotiations with Situational Awareness, hoping to facilitate a deal.

[Individual Stock News]

Apple's total revenue slightly exceeded expectations and fell 4% after falling short of revenue in Greater China. Apple (AAPL.US) announced on Thursday that both revenue and profit for the third fiscal quarter surpassed Wall Street expectations, thanks to strong demand for iPhones and MacBooks amid rising consumer electronics prices. Financial reports show that revenue for the third fiscal quarter increased 16.4% year-on-year to US$109.42 billion, slightly exceeding market expectations of US$108.65 billion. Earnings per share for the quarter were $2.02, of which $0.11 came from tariff rebates, which was still higher than expected of $1.89 after exclusion. iPhone sales increased 21.7% to $54.25 billion, exceeding analysts' expectations of $53.86 billion. It became the main engine of Apple's performance growth and hit a record high for the third quarter. Sales usually slow during the season as consumers wait for new models in the fall. The global shortage of memory chips this year has boosted the prices of Macs and iPads, and has instead spurred users to buy iPhones in advance. Apple has yet to raise the price of its iconic iPhone, but Wall Street generally expects a price adjustment at the September fall press conference. In addition, Apple recorded revenue of 18.82 billion US dollars in the third fiscal quarter, with market expectations of 19.67 billion US dollars; service revenue of 30.74 billion US dollars, and market expectations of 31.22 billion US dollars. Apple (AAPL.O) shares in the US fell 4% after the market.

Amazon's Q2 cloud business revenue surpassed expectations and rose 8% after the market. Thanks to a surge in corporate AI spending, Amazon (AMZN.US) cloud business revenue growth in the second quarter exceeded market expectations, indicating that the company's huge investment is paying off. According to the company's earnings report, the revenue of its cloud computing division Amazon Web Services (AWS) jumped 37% to US$42.2 billion in the second quarter, while analysts generally expected an increase of 31.21%. This optimistic performance may help ease some of the market's concerns about tech giants continuing to invest in artificial intelligence (which is expected to exceed $700 billion this year) — investments that have put pressure on the cash flow of these traditionally cash-rich companies and have raised market concerns that they may expand production capacity excessively. In terms of revenue, its Q2 revenue reached US$2006 billion, and the market forecast was US$19.422 billion; the Q3 revenue outlook was US$19.7 billion to US$2020 billion, which fell short of the market estimate of US$204.072 billion. Amazon's US stocks rose more than 8% after the market.

Meta has promised to invest nearly $700 billion in the future in areas such as data centers. Meta Platforms (META.US) said it has passed long-term and short-term agreements and promised to invest nearly 700 billion US dollars in the future for artificial intelligence data centers, cloud computing and other fields. Meta said in a regulatory filing on Thursday that its irrevocable contractual commitments totaled $349.3 billion, mainly involving third-party cloud service agreements, servers and network infrastructure. Meta said this is a conservative estimate. The company also has $347 billion in leasing commitments that have not yet begun to be fulfilled, which have yet to be reflected in the balance sheet. Of this, $68 billion was added in July alone, and payments will begin in 2027 and 2028. These costs are in addition to existing leases and mainly include data centers, computer room hosting services, and “some network infrastructure.”

A number of banks are in talks to provide a $15 billion loan project to Anthropic's data center with support from Google (GOOG.US, GOOG.US). According to reports, people familiar with the matter revealed that a data center developer cooperating with Anthropic is conducting in-depth negotiations on borrowing $15 billion to build a large-scale data center park and power plant in Texas, and Google will provide financial guarantees and chips for this. Under an agreement under discussion, a syndicate led by Morgan Stanley will provide Nexus Data Centers with a $15 billion loan to build the campus in Hubbard, Texas. The park will be equipped with its own natural gas power plant capable of generating 1.6 gigawatts of electricity. The deal could be announced as early as today. People familiar with the matter said that to help Nexus raise debt financing, Google has secured Anthropic's multi-billion dollar lease and power payment obligations to prevent the startup from defaulting. However, one of the people familiar with the matter said that Google's support is limited and only covers the minimum amount required for banks to complete financing. These guarantees cover the four data center lease contracts that Anthropic has signed, as well as corresponding power purchase agreements, which will be supplied by the in-house power plants serving the park.