Changxin attracts passive capital inflows as it is set to be included in the MSCI China All Shares Index.

Bloomberg reported that satellite images show two Amazon Inc. data centers in Bahrain were damaged, consistent with Iran’s claim last week that it had carried out a missile attack on the facilities. Iran’s Islamic Revolutionary Guard Corps (IRGC) released high-resolution satellite imagery via Tasnim News Agency, its official media outlet, showing severe damage to the two data centers located in Zallaq and Askar, Bahrain. The IRGC stated the facilities were targeted because Amazon supports U.S. military operations. Independent low-resolution images from the European Space Agency (ESA)’s Sentinel-2 satellite constellation, reviewed by Bloomberg, also show signs of damage at both sites.

Multiple South Korean media outlets have linked the recent sharp plunge in South Korea’s stock market to the listing of ChangXin Memory Technologies, China’s largest semiconductor firm. Market concerns that ChangXin will use the funds raised from its stock debut to catch up with semiconductor giants including Samsung Electronics and SK Hynix have spread, weighing on investor sentiment. Peter Alexander, an analyst at Z-Ben Advisors, noted that following the development paths of the steel and new energy vehicle industries, ChangXin will rapidly capture market share in the low-end storage chip segment and eventually challenge the monopoly of Samsung Electronics, SK Hynix, and Micron Technology in the global storage industry.

According to Bloomberg, Core Scientific and AMD have announced an infrastructure partnership. AMD will obtain over 500 megawatts of U.S. computing power capacity, which can be expanded to 2.5 gigawatts in the future. Additionally, AMD will receive warrants to purchase Core Scientific’s stock at market price.

Another newly created wallet (0xfC2c) withdrew 10,000 $ETH($18.81M) from #Bybit.

Citrini analyst Jukan cited Fubon Securities' *2027 Semiconductor Outlook* report, noting that although HBM4 costs will jump sharply from HBM3e's $17–18 per GB to $31–32 per GB in 2026, pushing Nvidia's Rubin GPU price to roughly $78,000–$80,000, Nvidia will still maintain a high gross margin of 75%–80%, with its pricing power and cost pass-through capability remaining unshaken. The report also pointed out that custom ASIC-based HBM could have even higher costs, reaching $35–36 per GB, meaning HBM costs will double by 2027. Fubon Securities remains optimistic about AI market demand, arguing that despite recent concerns over AI inflation, token costs are a more critical factor driving cloud service providers' capital expenditures. At the architecture level, Nvidia's new rack is still planned to use the same number of compute chips, with scale-up within racks via cables and scale-out between racks via NPO/CPO. Additionally, Google plans to deploy 12 million to 15 million TPUs by 2028, with production capacity more than doubling from 2027 levels; Intel's EMIB production capacity is expected to rise to 24,000–25,000 units per month by the end of 2027, while TSMC is slowing SoIC expansion to prioritize scaling up CoWoS capacity. The core conclusion is that even with changes to its cost structure, Nvidia's pricing power, gross margin, and demand support in the AI computing ecosystem still form an unassailable competitive moat.

According to BIT (bit.com) market data, U.S. pre-market trading for Strategy’s perpetual preferred stock (ticker: STRC) stands at $88.1, down 0.26%, after closing 1.65% higher yesterday. Separately, Strategy has not added to its Bitcoin holdings for the fifth consecutive week. Yesterday, Strategy founder Michael Saylor emphasized that the company will not issue new STRC shares when its price is below $100. The firm has repurchased 288,930 shares of STRC preferred stock for a total of roughly $25 million, at an average repurchase price of $86.52 per share. Strategy plans to continue acting as a "regular and disciplined buyer": it will maintain repurchases of STRC when the price is below $100, increase buying volume when the price is far from $100, and scale back repurchases when the price approaches $100. Currently, Strategy still has approximately $975 million available for preferred stock repurchases. Funds for STRC repurchases will not be drawn from U.S. dollar reserves; instead, they will be raised via methods including selling MSTR stock and Bitcoin, depending on market conditions, with the goal of stabilizing STRC’s price around $100.