πŸ“Š Market Snapshot

  • Spot Gold (XAUUSD): 4590.18, -0.09% (range 4569–4643, faded from highs)
  • WTI Crude (USOIL): 81.72, +0.35% (range 80.16–82.01)

πŸ”₯ Top News This Hour

  1. NVIDIA target prices raised again by multiple banks: Stifel $282β†’$315, Oppenheimer $265β†’$315, Mizuho $300β†’$315, Citi $300β†’$315; BofA reiterates “Buy” and keeps $350 target, projecting FY2028 sales growth of ~70% vs. market consensus of 45%, with demand still exceeding supply.
  2. UBS Securities: expects DRAM supply tightness to last at least through 2028Q2, and NAND prices to rise 30%+ next year β€” reinforcing the memory super-cycle narrative.
  3. TD Securities: expects the Fed to hold policy rates through 2026; with supply shocks fading, US inflation pressures are easing, and the US economy is on track to outperform other G7 nations for the year.
  4. EU pressures Meta: after Meta’s $18B US settlement, the European Commission is demanding Meta proactively engage and propose appropriate commitments around minors’ screen-time management and parental controls β€” “the ball is in Meta’s court.”
  5. HP: received $127M in tariff refunds through July 31, another $91M after the reporting period, and has filed to recover ~$300M in previously paid IEEPA tariffs.
  6. Geopolitics: Qatar’s PM met Iran’s FM, paving the way for US-Iran talks and Hormuz shipping; Ukraine says a Russian strike severely damaged a thermal power plant in Kherson, leaving it fully offline.

🧭 Market Assessment

NVIDIA’s target price was raised to $315 by four banks within one hour, and combined with BofA’s $350 target and FY2028 +70% growth guidance, the market remains highly bullish on AI compute demand.

UBS sees DRAM tightness through 2028Q2 and NAND up 30%+ next year, extending the memory super-cycle narrative and supporting semis and the equipment chain.

TD Securities bets the Fed stays on hold through 2026 with easing US inflation, consistent with the “peak hawkishness” consensus and supportive of risk appetite.

Gold faded from a 4643 high back to ~4590, consolidating at highs; crude held above $81 on geopolitical disruption.

Meta faces a fresh round of EU regulatory pressure β€” the $18B US settlement is not the end of it; watch for digital-regulation headwinds on large-cap tech.

⏰ Upcoming Key Data

  • Tonight 20:30 (Beijing): US weekly initial jobless claims; US Q2 GDP second estimate (revision)
  • Tomorrow 20:30 (Beijing): US July core PCE price index (the Fed’s preferred inflation gauge)
  • Note: the Jin10 calendar API only returned already-released items this hour; the above follows the regular release schedule and is subject to actual publication.