The three major U.S. stock indexes collectively opened higher, with Nvidia falling more than 1%
The Dow opened up 0.2%, the Nasdaq rose 0.19%, and the S&P 500 rose 0.19%. Star technology stocks Microsoft rose 1.24%, Apple rose 1.04%, and Nvidia fell 1.44%. Intel, Qualcomm and Google executives said they planned to fight Nvidia's dominance in the field of artificial intelligence software through the UXL Foundation.
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Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
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