The world's largest sovereign wealth fund has disclosed its holdings in SpaceX for the first time, with the stake valued at over $1.2 billion.

Nvidia is collaborating with Google, Microsoft, and over 80 equipment and infrastructure vendors to advance the 800V DC power architecture, addressing power efficiency and conversion loss issues caused by the continuous rise in AI server rack power density. The company plans to gradually roll out the solution to existing AI factories starting in the second half of 2026. Nvidia states that the current bottleneck for AI infrastructure is no longer just total power wattage, but the efficiency of electricity delivery from the grid to GPUs. The 800V DC architecture reduces power conversion steps between the grid and accelerators. Nvidia plans to launch 800V DC power racks compatible with the MGX architecture in the second half of 2026, allowing existing data centers to upgrade gradually without major renovations to buildings and power systems. For new or high-density AI factories, Nvidia plans to introduce row-based power centers in 2027, which will power multiple rack rows via overhead 800V DC busbars, with each rack row supporting up to 2MW of power. Long-term, the company plans to deploy DC Power Blocks at the facility level to convert grid power directly to 800V DC. Nvidia, Google, and Microsoft are also driving relevant standardization efforts through the Open Compute Project. As AI servers evolve from the hundreds of kilowatt range to the megawatt range, specifications for equipment including high-voltage DC/DC converters, solid-state transformers, busbars, power semiconductors, and power modules will also be upgraded accordingly.

According to market data from BIT (bit.com), CoreWeave’s pre-market stock price surged over 17%, currently trading at $106. Earlier reports noted that CoreWeave, a U.S.-based AI-dedicated cloud computing service provider, released its second-quarter results: revenue hit $2.575 billion, growing 112% year-over-year and exceeding the expected $2.56 billion. Its core metric, revenue backlog, reached approximately $104 billion, up from $99.4 billion at the end of the first quarter. The company’s CEO stated that the expected profit margin of contracts signed in Q2 is 5 to 10 percentage points higher than that of new contracts in recent quarters.

Bitget launches QUID flexible savings product, with the event running from 14:00 (UTC+8) on August 12 to 14:00 (UTC+8) on September 11. Users can subscribe to the product via the "Simple Earn" section, enjoying up to 30% APR, with an individual subscription cap of 1,500,000 QUID.

According to market data from BIT (bit.com), Super Micro Computer (SMCI) rose approximately 10.4% in pre-market trading on US stocks, after the company’s fiscal 2027 revenue outlook exceeded market expectations.

According to BIT (bit.com) market data, US pre-market trading saw semiconductor, optical communication, and storage sector stocks rise across the board. Semiconductor stocks rallied broadly: Marvell Technology (MRVL) gained 3.08%, Micron Technology (MU) rose 2.36%, Intel (INTC) climbed 2.19%, Applied Materials (AMAT) advanced 2.17%, and Lam Research (LRCX) increased 2.13%. Optical communication concept stocks led the gains: Lumentum (LITE) jumped 7.73%, Nokia (NOK) rose 6.36%, Coherent (COHR) gained 5.12%, Applied Optoelectronics (AAOI) advanced 4.07%, Corning (GLW) climbed 3.02%, and Ciena (CIEN) added 2.97%. The storage sector also strengthened simultaneously: SanDisk (SNDK) rose 3.38%, SK Hynix gained 3.09%, Western Digital (WDC) climbed 2.53%, Micron Technology (MU) advanced another 2.36%, and Seagate Technology (STX) increased 2.05%.

U.S. reports on the 11th indicate that the U.S. government has revoked an order banning the short-video social platform TikTok on federal government devices, as TikTok's U.S. business restructuring no longer poses a national security threat. The White House Office of Management and Budget revoked the 2023-issued ban in a memo on the 10th. Prior to this, the U.S. Department of Justice issued a written opinion concluding that TikTok is no longer a regulated application as defined in relevant laws. Since the end of 2022, the U.S. federal government and multiple states have banned TikTok on government electronic devices under the pretext of so-called "data security". (via CCTV News)