「Stock God」 Serenity Explains the Glass Substrate Battle: SKC Supplies AMD, Samsung Electro-Mechanics Secures Apple, Broadcom

According to Iran's Mehr News Agency, a spokesperson for Iran’s Ministry of Interior stated that Iran is not currently negotiating with the United States, but "information exchange" between the two sides is possible.

According to market data from BIT (Bit.com), US stock futures are trending lower: Nasdaq 100 Index futures fell 1%, S&P 500 Index futures dropped 0.4%, and Dow Jones futures declined 0.3%.

According to monitoring by Ruga Research, Binance recorded a net outflow of 9,030 BTC yesterday, equivalent to roughly $589 million at current prices, marking the largest single-day BTC net outflow in nearly five months. Data shows that Binance’s 30-day BTC net flow momentum indicator has rebounded from approximately -21% to 0. Over the past year, every time this indicator recovered from negative territory to near zero, BTC prices saw further gains afterward.

According to South Korea's presidential office, South Korean President Lee Jae-myung will attend the artificial intelligence summit held in San Francisco, the U.S. During the event, he plans to hold separate meetings with the chief executives of NVIDIA, OpenAI, Anthropic, and Broadcom to discuss topics including AI industry cooperation.

A Bank of Japan official says the recent weakening of the yen is creating upside risks to inflation, and is open to raising interest rates more frequently than once every six months. (Jinshi)

Finance professor and CTA (Commodity Trading Advisor) Damir Tokic recently published a "Google Earnings Preview" on U.S. investment platform Seeking Alpha, sparking heated discussion among U.S. stock market investors. The article claims that Google’s parent company Alphabet may become the first large tech firm to cut AI-related capital expenditures. Alphabet will hold its Q2 2026 earnings call at 16:30 ET on July 22, corresponding to 04:30 Beijing Time on July 23. Per Alphabet’s investor relations announcement, relevant earnings materials will be released ahead of the call. The market expects AI infrastructure spending, Google Cloud growth, and free cash flow performance to be the core focuses of this report. Tokic points out in the article that Alphabet has been ramping up AI investments in recent years, including data centers, servers, and cloud infrastructure construction. However, this expansion has put pressure on cash flow. If AI-related revenue fails to quickly cover capital expenditures, the company may need to rely on debt or equity financing to support its investments in the future, triggering concerns about credit risk and shareholder dilution. The article also notes that while Google Cloud remains growing at a solid pace, its backlog order growth has shown signs of slowing, which could dampen market optimism about demand for AI cloud services. Meanwhile, new products like AI search, chatbots, and AI Overview are changing how users access information, which could impact Google’s core profit source—search ads—in the long run. Tokic argues that if the upcoming earnings report fails to demonstrate that AI investments are generating sufficient returns, Alphabet’s capital expenditure plan may face reassessment, and its stock price could come under pressure. For investors, this earnings report is not only relevant to Alphabet’s own performance but could also serve as an important signal for tracking the AI investment cycle among large tech companies.