Huang Renxun has left Beijing, and NVIDIA has not disclosed whether Huang Renxun met with the DeepSeek founder.

According to BIT (bit.com) market data, U.S. stocks closed on Friday: the Dow Jones Industrial Average rose 0.28%, the S&P 500 gained 0.6% to hit a new closing high, and the Nasdaq climbed 1.3%. SpaceX (SPCX.O) surged 15.8%, Qualcomm (QCOM.O) rose 4.6%, and NVIDIA (NVDA.O) added 2.2%. Most storage-related concept stocks closed lower: SK Hynix (SKHY.O) fell nearly 4%, Micron Technology (MU.O) dropped 0.4%. The optical communications sector rallied sharply: Applied Optoelectronics (AAOI.O) jumped 9%, Lumentum (LITE.O) rose 6.2%, Corning (GLW.N) gained 5.4%, and Marvell Technology (MRVL.O) added 3.8%.

U.S. Treasury Secretary Scott Bessent said in a social media post: "The employment report released today underestimates the underlying strength of the real economy: U.S. domestic businesses are building, factories are operating, and worker productivity is rising. July marked the fifth consecutive month of job growth in the goods-producing sector. So far this year, the sector has added 105,000 jobs, marking its strongest start to a year since 2023. Additionally, second-quarter productivity growth exceeded expectations by more than double, creating favorable conditions for sustained U.S. economic growth and real wage gains for American workers. Strong third-quarter economic growth projections further signal that the U.S. economy is poised to accelerate. As the U.S. produces more goods and worker productivity continues to rise, the domestic economy will reap benefits: higher wages, stronger businesses, more consumer choices, and economic expansion built on supply-side strength that can reduce inflation, rather than relying on temporary stimulus effects." (Jinshi)

JPMorgan Chase forecasts that this year’s tech-related corporate bond issuance will exceed $500 billion. The bank raised its 2026 debt issuance outlook for the technology, media and telecommunications (TMT) sector from the prior $450 billion to $540 billion, citing that increased spending by large tech firms is driving the artificial intelligence (AI) investment cycle. In a Friday report, a team led by JPMorgan strategist Erika Spear noted that chip-backed financing will become the "next major frontier" supporting AI infrastructure buildout, and its scale could "expand to trillions of dollars" by the end of this decade. JPMorgan has identified seven investment-grade data center financing opportunities, on top of six projects that have already secured financing, with four of these expected to come from Oracle and OpenAI. The bank projects Meta Platforms will return to the bond market after releasing its third-quarter earnings report, while Microsoft is viewed as the "biggest wildcard" and may tap bond investors for funding for the first time since 2017.

According to U.S. Securities and Exchange Commission (SEC) filings, BlackRock (BLK.N) disclosed that as of June 30, it held 51 million Class A common shares of SpaceX (SPCX.O).

According to ABC News, after suffering a setback at the Supreme Court, Donald Trump is still pushing forward with his attempt to fire Federal Reserve Governor Lisa Cook.

Bybit has filed a civil lawsuit against the Democratic People's Republic of Korea (North Korea), its General Reconnaissance Bureau (RGB) intelligence agency, and the Lazarus Group, a hacking group linked to North Korea that stole $1.5 billion from Bybit last year. In addition to the lawsuit filed in the U.S. District Court for the District of Columbia, Bybit said it has obtained a preliminary injunction freezing certain stolen assets held by a group of unidentified individuals and entities, who are listed as "John Doe" defendants in the case. The crypto exchange stated in a Friday press release that the preliminary injunction means a federal judge has ordered the defendants not to transfer or sell their assets while the case is pending. The platform will seek further relief from the court. "This civil lawsuit is separate from the ongoing criminal investigation by U.S. law enforcement," it said. (CoinDesk)