Institutional Report: NVIDIA’s 800V High-Voltage DC Power Rack Expected to Ship in Q3

Prediction market platform Predict.fun data indicates that the key final round match of Group E at the 2026 US-Mexico-Canada FIFA World Cup will take place at 4 AM Beijing time on the 26th, featuring Germany vs. Ecuador. The latest market odds show Germany’s win probability at 65% and Ecuador’s at 18%. Notably, Germany has already qualified for the next stage and holds a +7 goal difference—meaning it will almost certainly finish as Group E winner even if it loses this match—so the team may adopt a relatively conservative approach and rotate several key starters.

Apple has raised prices on products including Mac and iPad to address memory shortages.

U.S. initial jobless claims for the week ended June 20 totaled 215,000, against expectations of 225,000, with the prior figure revised from 226,000 to 227,000. The final reading of U.S. real GDP annualized quarterly rate for the first quarter was 2.1%, beating market expectations of 1.60%, while the prior value stood at 1.60%. U.S. core PCE price index year-on-year rate for May came in at 3.4%, in line with market expectations, hitting its highest level since October 2023.

Hong Kong GF Securities’ Head of Overseas Tech Research Jeff Pu has released a research note downgrading Dell’s stock rating from “Buy” to “Hold”. The key driver: Dell’s share price has rallied 200% since its last earnings report, and 200% since Pu upgraded the rating in October. Its current valuation exceeds 20 times its 2028 fiscal year expected earnings per share (EPS), leaving limited upside potential. Pu pointed out that SMCI holds stronger competitiveness in the AI server segment, and is expected to secure more NVL72 rack orders for SpaceX’s 2027 gigawatt (GW)-scale AI data center construction. Furthermore, the analyst flagged rising risks associated with direct ODM partnerships. Large AI infrastructure clients including SpaceX and CoreWeave are evaluating the option of collaborating directly with ODMs such as Quanta, Hon Hai, and Pegatron, which could bypass branded server integrators like Dell, further compressing the market share and profit margins of traditional vendors. Separately, Dell’s traditional PC business is also facing headwinds: ODM foundry shipments are weak, with next quarter’s volumes projected to decline sequentially, and overall growth momentum has slowed.

According to a Business Insider report citing sources familiar with the matter, Tools For Humanity, the developer of Worldcoin, launched two separate investigations last year, both led by external law firms, targeting alleged improper use of funds by executives and suspected violations in its Thailand operations respectively. Relevant executives are accused of approving payments of millions of US dollars to a foreign firm. The funds were not used for normal business purchases or service fees, but to artificially inflate the market price of its cryptocurrency Worldcoin. In addition, Tools For Humanity's Thai partner turned out to be a suspect in an internationally wanted "pig butchering" scam. Meanwhile, regulators in multiple countries around the world have raised serious questions about Tools For Humanity's iris scanning and data collection practices.

Xuan Changneng, vice governor of the People’s Bank of China, stated that China’s high-quality development of anti-money laundering (AML) work has entered a new stage, with remarkable achievements in combating money laundering and related illegal crimes. In 2025, the number of nationwide cases sentenced for the crime of money laundering under Article 191 of China’s Criminal Law exceeded 2,000. China has intensified crackdowns on professional money laundering, virtual currency-related money laundering, and cross-border money laundering activities, while improving the quality and efficiency of investigation, prosecution, and adjudication of money laundering crimes. The article notes that criminal syndicates exploit differences and loopholes in legal systems, regulatory rules, and other aspects across countries and regions to conduct arbitrage, using various methods such as nominee accounts, fund wash trading, and virtual currencies to conceal fund flows, posing new challenges to global financial supervision and law enforcement. It also stresses the urgent need for countries to strengthen cross-border coordination and cooperation in areas including intelligence sharing, case investigation, and asset recovery.