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BlockBeats News, July 9th, pre-market trading in the U.S. stock market, AI stocks receive positive news, and the U.S. stock market is expected to stabilize and rebound today led by the South Korean heavyweight stock Samsung Electronics.
1. Micron Technology plans to invest $3 billion to strengthen the U.S. domestic semiconductor supply chain.
2. Meta Platforms plans to start production of an AI chip in September as part of its plan to increase total computing power to 14 exaflops next year.
3. Starbucks is leveraging artificial intelligence to reduce its reliance on Microsoft and IBM software.
4. Meta Platforms announced that it will build a $13 billion Canadian dollar (approximately $9.17 billion) data center in Alberta, Canada.
5. The subscription multiple for SK Hynix's U.S. issuance exceeded 7 times.
6. Tesla's third-generation Optimus is in the initial stages of development, and Musk has set a red line for mass production in the supply chain.
7. Meta has signed a long-term flash memory supply agreement with SanDisk and a memory supply agreement with Samsung to expand its AI infrastructure.
8. Bank of America pointed out in a research report that Nvidia's current valuation has fallen to the lowest level since this AI bull market—its forward P/E ratio is only about 18 times, the lowest in nearly 7 years.
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