BlockBeats News, July 31st, a summary of key pre-market news in the US stock market:

1. "The Big Short" prototype Michael Burry has further increased his short position in Micron Technology (MU), with an average position of about $880; at the same time, he continues to add to his short exposure to Nvidia (NVDA) and has shorted the Semiconductor ETF SOXX at an average price of around $506.

2. According to The Wall Street Journal, Tesla advisors have begun discussing a spin-off plan to divest its China business. This arrangement is aimed at paving the way for a potential SpaceX merger. Tesla's China team responded to reporters, calling this "fake news."

3. The hedge fund Situational Awareness, founded by the "AI Stock God" Leopold Aschenbrenner, suffered a significant loss in the AI stock slump in July, with a monthly net asset value drop of about 67%. With a substantial retreat in relevant holdings, the fund was forced to sell most of its stock positions to raise cash to meet additional margin calls from lending institutions. A significant portion of the holdings were taken over by Citadel, led by Ken Griffin.

4. Amazon's second-quarter cloud computing sales rose 37% year-on-year to $42.2 billion, exceeding expectations, leading to a pre-market stock price surge of over 10%. The company expects capital expenditures of $200 billion this year, mainly for AI and data centers.

5. Apple released its third-quarter earnings report. The company's revenue of $109.4 billion exceeded expectations, with a year-on-year growth of about 16%. Strong iPhone and Mac sales were reported, but due to memory shortages, the fourth-quarter revenue guidance was lower than expected, with disappointing performance in China and services revenue, causing the stock price to drop over 8% pre-market.

6. Strategy announced its second-quarter financial report, recording an $8.2 billion loss, compared to a $10 billion profit in the same period last year. The loss was mainly due to unrealized mark-to-market losses on its Bitcoin holdings. The Strategy management has explicitly made it a top priority to drive the STRC preferred stock price back to par value.

7. In the first quarter, KXNET's net profit was ¥842.17 billion, compared to ¥18.28 billion in the same period last year, below the market estimate of ¥973.81 billion. With net profit below market expectations, KXNET ADR fell nearly 6% pre-market.

8. Shanghai ASENNA has been confirmed as the first domestic manufacturer of immersion DUV chip manufacturing equipment in China. It plans to produce about 5 units in 2026 and around 20 units in 2027, to be delivered to SMIC, Huahong, and Changxin.

9. Amid the recent significant fluctuations in Samsung Electronics' stock price, Samsung Electronics' DX division President and Co-CEO Lu Taiwen acquired approximately 700 million Korean Won worth of company stock.

10. South Korea's Doosan Group holding company "Doosan" disclosed on the 31st that it has signed a share purchase agreement with SK Group to acquire SK's 70.6% stake in SK Siltron for a transaction amount of 2.3 trillion Korean Won.