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Real-time News
On July 16th, the National Center for Disease Control and Prevention (CDC) held a press conference. Chang Zhaorui, a researcher at the Infectious Disease Department of the Chinese Center for Disease Control and Prevention, stated that since October 2025, my countrys COVID-19 epidemic has remained at the inter-epidemic level for eight and a half consecutive months, indicating relatively low viral activity. The epidemic saw a slight increase in late May this year, but returned to a low-epidemic level by mid-June. Recently, the positive rate of COVID-19 tests at sentinel hospitals nationwide has increased, suggesting that although the epidemic is on the rise, it remains at a low-epidemic level overall. The main circulating strain in my country is still the NB.1.8.1 series variant, and current monitoring shows no new variants that may pose additional public health risks. Currently, the COVID-19 epidemic has evolved into a common respiratory infectious disease, and there is no need for excessive anxiety regarding normal fluctuations in the epidemic.On July 16th, according to South Korean media reports, SK Hynix raised a massive 40 trillion won (approximately US$30.76 billion) through its listing on the Nasdaq in the United States, aiming to solidify its leading position in the artificial intelligence (AI) semiconductor market. Jensen Huang, CEO of Nvidia (NVDA.O), the global leader in the AI chip market, offered his congratulations on the listing. According to industry sources, on July 16th, after concluding an event held in Tokyo, Japan the previous day, Huang expressed extreme delight at SK Hynixs American Depositary Receipts (ADR) listing, calling it "extremely successful."Omron: Will expand its cooperation with NVIDIA in the field of semiconductor wafer inspection technology.NVIDIA (NVDA.O): Fujitsu, FANUC, Yaskawa Electric and Kawasaki Heavy Industries will collaborate to develop a physical AI industrial platform using the NVIDIA platform.On July 16th, CLSA issued a research report predicting that Baidus (BIDU.O) core business revenue in the second quarter of 2026 will decline by 4.2% year-on-year to RMB 25.1 billion. Marketing revenue is expected to decline by approximately 22% year-on-year due to continued disruptions to the search business. AI cloud infrastructure revenue is expected to grow by 56% year-on-year to RMB 7.6 billion, while subscription revenue will see its year-on-year growth further accelerate from 184% in the first quarter. Dragged down by a decline in high-margin online marketing revenue and increased investment in model training, CLSA currently estimates that Baidus adjusted core EBIT in the second quarter will decline by 14% year-on-year to RMB 3.8 billion, with an adjusted EBIT margin of approximately 15%. CLSA believes that Baidus AI transformation path is not smooth. Insufficient model competitiveness may lead to a further slowdown in the search business, and the lack of MaaS and application revenue in the cloud business will further complicate matters. CLSA has lowered its adjusted net profit forecasts for 2026 and 2027 by 24% and 18%, respectively, and lowered its target price for Baidus US-listed shares from $176 to $150, while maintaining its "Outperform" rating.
