BlockBeats News, July 31. This week, the U.S. stock market experienced a sharp rotation during major tech earnings reports, with AI trading shifting from "cash burn concern" to "validation of monetization." Microsoft, driven by strong growth in Azure and commercialization of Copilot, led the Nasdaq and semiconductor stocks to a powerful rebound. However, Apple, despite delivering above-estimate earnings, faced pressure due to guidance for the next quarter and constraints in chip and memory supply. Meanwhile, SK Hynix and South Korean chip stocks saw a significant rebound at the end of the month, and the listing of ChangXin Technology on the Sci-Tech Innovation Board continued to heat up the domestic DRAM and AI storage chain. Overall, the core focus of user attention this week is no longer just the AI concept but rather who can translate AI investment into revenue, profit, and real orders.

SK Hynix (up approximately 10.63% during the week): After announcing record profits, the stock price initially fell due to overly high expectations and a pullback in the AI chain. On July 31, following Microsoft and Amazon's performance validation of the large demand for AI computing power, HBM's main line regained buying interest, and South Korean chip stocks collectively rebounded.

Microsoft (up approximately 14.59% during the week): Microsoft's earnings report became the anchor of this week's AI trading, with Azure growing by 43% and Copilot surpassing 30 million paid seats. The stock price surged by 15.5% on July 30 to $451.10, marking its best single-day performance in nearly 18 years. The market has revalued its AI monetization capabilities.

Coca-Cola (up approximately 5.22% during the week): Second-quarter revenue and profit both exceeded expectations, and the full-year EPS guidance was raised to 9%-10% growth. World Cup marketing, zero-sugar soda, and fairlife drove sales, with the stock price briefly touching near $90. Defensive consumption received fund allocation amidst tech volatility.

Apple (down approximately 8.32% during the week): Q3 revenue of $109.4 billion and EPS of $2.02 both beat expectations, but the next quarter's revenue guidance was below market expectations. Sentiment was suppressed by chip and memory supply constraints, causing a significant pre-market stock price drop. The market is concerned that cost pressures will weaken Apple's profit margin.

ChangXin Technology (up 465.82% on the first day): Listed on the Sci-Tech Innovation Board on July 27, with a first-day closing price of $49, a 465.82% increase from the $8.66 IPO price, with a total market value of approximately $3.28 trillion. Domestic DRAM and AI storage chains became the strongest theme of the A-share market this week, with funds continuing to revolve around semiconductor self-controllable pricing.