Heavy Earnings Reports Land Densely, External Disturbances Gradually Clear, AI Sector Adjustment Nears End

English summary

### Heavy Earnings Reports Land Densely, External Disturbances Gradually Clear, AI Sector Adjustment Nears End Time: 2026-07-30 09:08:23 Content: Global tech giants' earnings reports and macro policies are landing densely, and industry fundamentals continue to validate high prosperity, providing solid support for the technology track. Microsoft's latest earnings report shows rapid growth in AI cloud business, with intelligent cloud revenue continuing to beat expectations, validating the continued expansion of enterprise AI digital transformation demand globally and accelerating the pace of computing power commercialization. Meta has once again raised its AI capital expenditure plan, continuously increasing investment in computing power infrastructure, further strengthening the certainty of upstream hardware supply chain demand. Samsung Electronics' performance exceeded market expectations (Q2 profit growth of more than 250 times), the global memory super cycle is far from over, and semiconductor consumables and equipment supply chains continue to benefit. The Fed's July FOMC meeting kept rates unchanged as expected. Although internal hawkish divergences intensified, overall monetary policy remained stable, effectively alleviating global capital market liquidity concerns and gradually restoring risk appetite. ...