Meta and BlackRock are partnering to invest approximately $14 billion in data center development, with the facilities set to have a computing capacity of 1 gigawatt.

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.

Rating agency Fitch Ratings has warned that the AI boom and its potential correction risks are emerging as a major global credit risk, amplifying concerns over surging tech valuations and unprecedented upfront spending amid uncertain future returns. So far, no other major rating agency has issued such a direct statement. In its third-quarter Global Risk Outlook, Fitch said credit conditions remain primarily exposed to two key near-term risks: growing vulnerability to corrections in AI-related markets, and persistent uncertainty tied to the U.S.-Iran conflict. Fitch reiterated recent warnings from global regulators that the AI boom is increasingly intertwined with economic growth and capital markets, particularly in the U.S., raising the risk of large-scale sell-offs. Fitch stated: "The scale of AI investment is so large that the economy and the entire capital market are significantly exposed to such a correction."

MSCI announced that Changxin Technology will be included in the MSCI China All Shares Index following its IPO listing, with the inclusion taking effect on August 10. The MSCI China All Shares Index, a comprehensive Chinese stock index compiled by MSCI, covers large-cap and mid-cap stocks across all China-related equity segments—including Shanghai and Shenzhen-listed firms, Hong Kong-listed companies, and Chinese stocks overseas (such as US-listed ADRs)—to fully reflect Chinese stock investment opportunities. Tracked by numerous global ETFs and passive funds, Changxin’s inclusion is expected to drive passive capital inflows.

Solana’s mainnet is set to raise its per-block compute capacity by 66% in less than 24 hours, lifting the cap from 60 million compute units (CUs) to 100 million. The change is part of SIMD-0286, a Solana Improvement Proposal that will automatically activate at the start of Epoch 1009. Proposed by Jito Labs, SIMD-0286’s core adjustment is increasing the per-block maximum CUs to 100 million while keeping other limits unchanged. The upgrade aims to free up more space for non-voting transactions, enabling ~400ms blocks to handle more complex trades, thereby boosting throughput, reducing congestion failure rates, and easing fee pressure. This marks another scaling expansion following SIMD-0256, which previously raised the cap from roughly 50 million to 60 million CUs.

Crypto analyst Murphy notes that the concentration of BTC spot chips within a 5% price range has been steadily climbing, rising from 10% in May to 12% currently. While still some way off the 15% threshold, it has already surpassed the level that triggered major volatility back in May. The logic is straightforward: when chips are overly concentrated in a specific price range, even minor price swings will intensify turnover of sensitive chips, sparking larger volatility. Historical data shows that when concentration exceeds 15%, the likelihood of a major market move rises—this metric hit 18% in November 2025 and 16% in January 2026. However, after February this year, price declines triggered a marginal diminishing effect on the supply side. Prolonged low liquidity and low turnover made chip concentration less pronounced than in prior periods. Yet, a concentration of just 10% in May already caused sharp volatility, indicating market sentiment has grown far more fragile and unstable. Murphy judges that if BTC continues consolidating sideways in the $62,000–$66,000 range in the coming period, chip concentration will inevitably rise further. Eventually, a violent upward or downward breakout will be required to reallocate the overly concentrated chips, which could mark a critical directional choice at the end of this bear market. The 5% range spot chip concentration metric has successfully aided in predicting volatility direction at multiple key junctures. The current rebound in this indicator signals the market is drawing closer to the next window of sharp directional shift.