#AI基建融资升温，英伟达英特尔路径分化 The AI race has entered a capital-intensive phase, and the market's focus is no longer just on chip performance but also on who has the greater ability to raise funds for expansion. NVIDIA, together with BlackRock, Blackstone, Goldman Sachs, and other institutions, plans to establish an AI computing power financing platform to leverage over $500 billion in third-party capital long-term, providing funding for customers to build data centers and purchase GPUs. This essentially means NVIDIA is using external capital to expand customer purchasing power: the financial pressure is mainly borne by financing institutions and customers, while NVIDIA continues to earn from GPU sales and CUDA ecosystem expansion. Intel has chosen to directly issue common stock, increasing its financing scale from $15 billion to $20 billion, with funds allocated for capital expenditures, working capital, AI chips, and advanced manufacturing. Both companies are raising money for AI infrastructure, but their positions are completely different: NVIDIA is helping customers leverage to expand market demand; Intel is supplementing capital with its own equity to buy time for building factories, expanding production, and catching up technologically, while also facing equity dilution pressure. AI infrastructure is becoming a long-term competition with massive capital scale. The next phase's winners must not only have technology and customers but also the ability to mobilize capital. NVIDIA uses its ecosystem to finance expansion, while Intel still has to pay for its own expansion. $NVDA $INTC #AI #美股 #科技股

Gm! Endure more hardships while you are young, so you will be accustomed to it when you grow old $BTC #crypto

#本周三CPI公布，9月加息定价会改写吗？ After the non-farm payrolls turned negative, the market has already priced in a pause in rate hikes for September, but CPI is the real moment of truth. • Market Expectations Overall CPI annual rate drops from 3.5% to 3.4%, core CPI drops from 2.6% to 2.5% • Below Expectations Employment and inflation cool down simultaneously, reducing the necessity for the Fed to continue raising rates; the dollar and US Treasury yields may come under pressure, benefiting BTC and other risk assets • Above Expectations Especially if core service inflation remains strong, the market may quickly raise the probability of rate hikes, and Crypto will face liquidity pressure Therefore, after the CPI release, don’t just watch the first candlestick; pay more attention to the dollar, US Treasury yields, and September rate pricing. $BTC #Crypto #CPI #美联储

Gm! Listening to your words is like listening to a speech $BTC #美股 #crypto

#Nonfarm unexpectedly turns negative, CPI becomes the key to rate hikes If we view the US economy as a large company, nonfarm payrolls are like the monthly employee roster. In July, nonfarm employment unexpectedly decreased by 23,000, far below the expected increase of 80,000; May and June data were also revised down by a total of 103,000. It's like the company found after rechecking the accounts that the performance in the previous two months wasn't as good as originally reported. Strangely, the unemployment rate actually dropped to 4.1%. The reason is not employment improvement, but a decline in labor force participation, with some people leaving the job market. The US economy is more like a car slowing down: the engine noise has quieted, but it hasn't stopped yet. After the nonfarm release, the market quickly lowered expectations for a September rate hike. However, the Federal Reserve cannot relax yet, because employment is just the economy's stamina, CPI is the thermometer. If CPI continues to cool down, the Fed has more room to pause rate hikes, US Treasury yields and the dollar may come under pressure, and funds may be more willing to flow into US stocks and Crypto; if CPI strengthens again, it will create a tricky situation of "economic slowdown with still high inflation," and rate hike expectations could rise at any time. So nonfarm only opened a "no rate hike" window for the market, CPI decides whether this window can stay open. For BTC, the real trading mainline is already very clear: employment data hit the brakes, next we need to see if inflation allows the Fed to ease off the pedal. $BTC #Crypto #FederalReserve #CPI

Gm! There is also a light in my eyes; the doctor said it is astigmatism