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Cambricon shares on the A-share market extended afternoon losses to 7%.

2026-08-03

Cambricon shares on the A-share market extended afternoon losses to 7%.

Other News
2026-08-03

BofA says Google, Microsoft, Amazon and Meta are sharply increasing AI capital spending: combined capex is forecast to exceed $860bn in 2026 (roughly +80% YoY) and reach about $1.2tn in 2027 (+~38% YoY). The expansion is backed by more than $2.3tn of

BofA says Google, Microsoft, Amazon and Meta are sharply increasing AI capital spending: combined capex is forecast to exceed $860bn in 2026 (roughly +80% YoY) and reach about $1.2tn in 2027 (+~38% YoY). The expansion is backed by more than $2.3tn of customer long-term contracts and order backlog (up ~16% q/q), boosting demand visibility. AI and cloud sales are still growing near 80–100%+ with improving margins, but higher capex will squeeze free cash flow: capex is projected at roughly 100–115% of operating cash flow, pushing industry FCF margin to about -1% in 2026 and -5% to -6% in 2027–28 before recovery as AI returns materialize. The five hyperscalers have raised about $270bn year-to-date, mainly long-term debt and equity to bolster liquidity and optimize balance sheets, not indicative of acute funding stress. Primary supply-chain Beneficiaries listed are compute chips, storage, semiconductor equipment, power semiconductors and optical communications.
2026-08-02

Russian Defense Ministry said it struck infrastructure at the Ukrainian port of Mykolaiv and attacked two cargo ships carrying supplies to Ukrainian armed forces, as well as a seagoing tug used to deploy underwater drones.

Russian Defense Ministry said it struck infrastructure at the Ukrainian port of Mykolaiv and attacked two cargo ships carrying supplies to Ukrainian armed forces, as well as a seagoing tug used to deploy underwater drones.
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