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On Tuesday, Eastern Time, the three major indexes rose slightly, with the Dow Jones Industrial Average rising 0.02%, once again setting a new closing high, and the S&P 500 also approaching its historical high.

(Minute chart of the three major indexes, source: TradingView)

As of the close, the Dow Jones Industrial Average rose 0.02% to 41,250.50 points; the S&P 500 rose 0.16% to 5,625.80 points; and the Nasdaq rose 0.16% to 17,754.82 points.

Investors are waiting for Nvidia's financial report, which is scheduled to be released after the market closes on Wednesday. As a leading stock in artificial intelligence (AI), Nvidia is a key indicator of the AI ​​field and the entire technology sector. Investors will assess the state of the AI ​​industry through its latest performance.

Jim Reid, an analyst and strategist at Deutsche Bank, said Nvidia's results are attracting so much attention because the company's previous quarterly reports have triggered market reactions comparable to employment or inflation reports.

Baird analyst Ross Mayfield pointed out that there was little important economic data before Nvidia's earnings report, so the market was in a wait-and-see state.

Shares of AI server maker AMD fell 2.64% on Tuesday, falling more than 8% at one point during the session. Hindenburg, a well-known short-selling agency, released a short-selling report on the company on Tuesday.

Hot Stock Performance

Large technology stocks were mixed, with Apple up 0.37%, Microsoft up 0.08%, Nvidia up 1.46%, Tesla down 1.88%, Google down 0.89%, Amazon down 1.36%, and Meta down 0.39%.

Popular Chinese stocks rose and fell differently, with the Nasdaq China Golden Dragon Index up 0.39%, Alibaba down 0.38%, JD.com up 2.25%, Pinduoduo down 4.09%, NIO down 0.74%, Xpeng Motors up 6.52%, Li Auto up 2.36%, Bilibili up 1.47%, Baidu down 1.62%, NetEase up 1.26%, Tencent Music up 0.28%, and iQiyi down 2.38%.

Company News

[OpenAI may launch the inference AI product "Strawberry" as early as this fall]

As OpenAI raises more money, its researchers are trying to launch a new artificial intelligence product, aiming to launch an AI product codenamed Strawberry as soon as this fall as part of a chatbot - possibly in ChatGPT. Researchers involved in this work said Strawberry "can solve mathematical problems that it has never seen before and that current chatbots cannot do, and has also been trained to solve problems involving programming."

[KLM Royal Dutch Airlines: No longer using Boeing aircraft]

KLM Royal Dutch Airlines received its first Airbus aircraft for short-haul flights on August 27. The company said that in the next few years, KLM Royal Dutch Airlines will invest 7 billion euros in a new fleet and will no longer use aircraft produced by Boeing. It is understood that the company plans to use Airbus A321neo aircraft to replace the current Boeing 737 aircraft in service, and to replace the existing Boeing aircraft and passenger aircraft for long-haul flights with Airbus A350 aircraft.

[Car rental company Hertz adds two new board members, bringing the total number of board members to 11]

U.S. car rental company Hertz said on Tuesday it had elected Francis Blake and Lucy Clark Dougherty to its board of directors, increasing its board size to 11 from nine. Hertz has been scaling back its business due to weak demand and clearing out its electric vehicles after higher-than-expected expenses for repairs and overall fleet maintenance.

[Google's new data center plan in Ireland was rejected by the local council, saying "grid capacity is insufficient"]

The South Dublin County Council in Ireland has refused to grant planning permission to Google Ireland for a new data center in Grange Castle Business Park in south Dublin, citing reasons including "insufficient capacity of the existing grid and a lack of large amounts of renewable energy on site to power the data center."

The parliament also said that Google did not provide enough details on how the proposed project would affect electricity supply after it is put into operation in 2027. The plan is the third phase of Google's Irish data center campus, involving the creation of 800 construction jobs and 50 jobs after it is put into operation. According to the Irish Central Statistics Office, data centers accounted for about 21% of Ireland's total electricity consumption last year, compared with only 5% in 2015. It is expected that this figure will reach 27% by 2028.

[Elimin’s self-operated website launches a “small cup” diet pill, priced at only about half of the basic version]

On Tuesday (August 27th) local time, Eli Lilly and Company announced on its official website that a smaller-dose version of Zepbound (tebuconazole injection) is now available in the United States and patients can buy it on Eli Lilly's own website "LillyDirect".

Zepbound has six doses (2.5 mg, 5 mg, 7.5 mg, 10 mg, 12.5 mg, 15 mg) for patients to gradually increase the dose. Originally, regardless of the dose, the four-week injection course was priced at $1,059.87 (about RMB 7,553).

According to Eli Lilly's latest pricing, a single 2.5 mg dose for four weeks is priced at $399 ($99.75 per bottle); the 5 mg version is priced at $549 ($137.25 per bottle), which is nearly 50% off the original price.

Eli Lilly said the move will help the company expand the supply of Zepbound to meet its high demand in the market. At the same time, this new option can help millions of adults with obesity who are not covered by US health insurance get the medicine they need.