Goldman Sachs and JPMorgan Chase have significantly boosted their stakes in CICT, with their respective holding ratios rising to 12.19% and 13.72% respectively.

After AMD released its quarterly results, institutional analysts remain broadly constructive overall. Though elevated expectations led to a mixed market reaction, the analysts’ consensus is that AMD’s AI and data center growth narrative remains intact. Wells Fargo issued the most optimistic update, raising its price target from $615 to $700, and believes earnings could significantly exceed its prior estimate of $20 per share for 2029–2030. Jefferies raised its price target to $650 and maintained a Buy rating, stating that while the results failed to meet lofty expectations, the long-term AI thesis remains on track. Mizuho cut its price target from $625 to $580 but kept an Outperform rating, noting the quarter’s performance was solid against a challenging backdrop. JPMorgan sharply raised its price target from $385 to $550 while maintaining a Neutral rating, citing that its September quarter guidance came in slightly below expectations. Overall, analysts see significant upside potential in AMD’s expanding AI GPU and server business, with the main debate centered on whether short-term execution can keep pace with increasingly aggressive expectations.

SoftBank Group has successfully secured a $10 billion margin loan using its stake in OpenAI as collateral. The two-year loan is provided by a consortium of lenders including Goldman Sachs, JPMorgan Chase, Mizuho Securities, Apollo Global Funding, and Sumitomo Mitsui Banking Corporation (SMBC). SoftBank plans to complete the fund drawdown this month.

Citigroup research report cuts SanDisk (SNDK.O) price target from $2,500 to $2,100.

OKX Wallet announced in a Chinese post that X Layer’s DeFi total value locked (TVL) has surpassed $100 million, growing nearly tenfold over the past six months. Meanwhile, X Layer’s stablecoin issuance volume has exceeded $2 billion, ranking among the top 10 global public blockchains. Its cumulative active addresses have broken through 4.2 million, and cumulative on-chain transactions exceed 400 million. OKX Wallet noted that with continued liquidity accumulation and steady growth in its user base, its next step will be to attract more assets, applications, and users to X Layer, driving the public blockchain to support more real-world demands and further refine its ecosystem development.

Crypto exchange Bitget has recently signed a cooperation agreement with Bhutan’s Gelephu Mindfulness City Authority (GMCA). Under the terms of the deal, Bitget will establish a legal entity in Gelephu Mindfulness City (GMC), prepare applications for relevant financial service licenses under the regulatory framework of the Gelephu Financial Services Office (GFSO), and collaborate with GMCA on operational, regulatory, and ecosystem development workflows. Per the plan, Bitget will also gradually set up local offices and carry out local recruitment, supporting local talent cultivation and long-term development. As a special administrative zone in southern Bhutan, GMC is being built into a next-generation international financial and innovation hub, with its virtual asset regime governed by the Financial Services Act 2025. Jigdrel Singay, a director of the GMC Board, noted that bringing in partners like Bitget will help introduce global expertise while advancing local capabilities and the broader financial ecosystem.

Renowned investment management firm Roundhill will launch an optical module stock ETF tomorrow. According to its official website, the ETF is named LYTE. Its major holdings include Lumentum Holdings Inc (LITE) at 15.42% and Coherent Corp (COHR) at 15.23%, while Chinese A-share companies Sunway Communication, China Information Technology, and Topband account for 14.59%, 14.22%, and 7.9% of the portfolio respectively.