高盛交易臺指出，美股動量因子的內部結構正在明顯變化。報告稱，12個月贏家與3個月贏家的重合度已降至多年低位，而12個月贏家與3個月輸家的重合度接近高位，導致3個月動量組合開始明顯偏離12個月動量組合。 這種變化已經體現在板塊權重上。軟件目前是3個月動量多頭端的最大權重，同時又是12個月動量空頭端的最大權重。同一交易日裏，半導體下跌約6.5%，軟件反而上漲約1%，說明資金對科技內部“誰是新贏家”的判斷正在發生變化。

U.S. proposes simplifying recognition rules for higher-education accrediting agencies.

Dier Laser told investors on Aug. 19 that its TGV (through‑glass via) strategy now covers etching and AOI inspection equipment alongside its laser‑modification machines. Laser‑modification units continue to win orders and generate revenue; bundled orders for laser modification plus etch have begun to appear and AOI systems are under active validation. The company said it will supply standalone or matched equipment suites based on customer process flow, via geometry, substrate size and capacity needs as it broadens its TGV product matrix.