<p>Tech stocks weigh on the market again, with the Nasdaq falling continuously, hitting a two-week low, while the S&amp;P remains flat. Energy stocks support the Dow to hit a new high. The energy sector rose by over 1%, while the IT sector led the decline for two days. NVIDIA fell over 6% after its financial report. Dell, a strong performer, surged over 8% after hours. Warren Buffett's new position in beauty retailer Ulta led to an over 8% drop after its financial report. Chinese concept stocks rebounded by over 2%, Li Auto surged over 10%, and Pinduoduo rose nearly 5%.</p><h3>NVIDIA fell nearly 6.4% on Thursday, but Wall Street supports NVIDIA: Q2 results are good, just that market expectations were too high</h3><p>NVIDIA's Q2 financial report was solid, but any performance guidance below the upper limit could trigger some concerns and unease. The market is worried about NVIDIA's growth slowdown, delays in Blackwell chip production, and whether the AI boom can continue.</p><p>Morgan Stanley summarized this financial report and market reaction as &#34;the result of a bull market case, but the price action of a bear market&#34;;</p><p>Bank of America Merrill Lynch stated that NVIDIA has unique growth opportunities and strong execution capabilities;</p><p>Goldman Sachs holds a constructive view on NVIDIA's data center prospects, while Barclays believes that key long-term issues have been resolved.</p><h3>Dell's Q2 server revenue surged by 80%, jumping over 8% after hours, driven by strong AI demand</h3><p>Revenue: Q2 revenue was $25.03 billion, a 9% year-on-year increase, analysts expected $24.12 billion, Dell's guidance range was $23.5 billion to $24.5 billion, a 6% year-on-year increase from the previous quarter.</p><p>EPS: Diluted EPS for Q2 was $1.17, an 86% year-on-year increase, up 67% from the previous quarter; Non-GAAP diluted EPS for Q2 increased by 9% to $1.89, Dell's guidance range was $1.55 to $1.75, a 3% decrease from the previous quarter.</p><h3>Warren Buffett's new position in beauty retailer Ulta faced unfavorable financial report, with stock price dropping over 8% after hours</h3><p>Revenue: Revenue was $2.55 billion, analysts expected $2.62 billion, compared to $2.53 billion in the same period last year.</p><p>EPS: Earnings per share were $5.30, analysts expected $5.50. Net profit was $252.6 million. In the same period last year, the company had earnings per share of $6.02 and net profit of $300.1 million.</p><p>Comparable store sales: Comparable store sales in Q2 fell by 1.2%, far below the analyst's expected growth of 1.32%, compared to an 8% growth in the same period last year, showing a stark contrast to the 14.4% growth in 2022.</p><p>The 13F filing released in mid-August showed that by the end of the second quarter, Warren Buffett surprisingly took a position in a beauty stock - Ulta Beauty, buying approximately 690,000 shares, with a total value of around $266 million, accounting for 0.1% of his total holdings.</p><h3>Apple's stock price approaches historical highs, with news of strong initial demand for the iPhone 16 series</h3><p>Apple rose by 1.46%, reaching a high of $232.9 during trading, just a step away from the historical high of $237. In addition, Apple will hold a launch event on September 10th to announce the iPhone 16According to foreign media reports, the OLED display for the upcoming iPhone 16 series will be supplied by Samsung Display and LG Display. The latest report from market research institutions shows that the OLED displays required for the iPhone 16 series started shipping in July, with a significantly higher volume than the OLED displays needed for the iPhone 15 series in June and July last year, exceeding by 20%.</p><h3><strong>Huawei's first-half revenue has exceeded the same period in 2019, with a year-on-year growth of 34.3% and a net profit margin of 13.2%</strong></h3><p>Huawei's performance in the first half of the year has been explosive, marking a strong comeback. In the first half of the year, the company achieved sales revenue of 417.5 billion yuan, a year-on-year growth of 34.3%, surpassing the approximately 401.3 billion yuan in the same period in 2019. Huawei's rotating chairman, Xu Zhijun, stated that the overall operation of the group is in line with expectations.</p><h3>Is the U.S. consumer market weakening? The largest discount retailer Dollar General's performance plummets by over 30%</h3><p>Senior executives at Dollar General stated that their core customers &#34;are feeling financial pressure,&#34; leading to a downward revision of the full-year performance guidance. Analysts believe that Dollar General's poor performance at least indicates that the downward trend in U.S. consumer spending is still ongoing and may worsen in the coming months.</p><h3>Trump panders to cryptocurrency retail investors: Wants the U.S. to become the &#34;global capital of cryptocurrency&#34;</h3><p>On Thursday, August 29th, Eastern Time, Trump posted a short video on the social media platform X, formerly known as Twitter. In the video, Trump said, &#34;This afternoon, I will announce my plan to ensure that the United States becomes the global capital of cryptocurrency.&#34;</p><p>When Trump posted the video, he tagged a decentralized finance (DeFi) project called World Liberty Financial, which is a cryptocurrency project that Trump's son has been promoting recently. A month ago, Trump made several promises to the crypto community, including making the U.S. the first country to classify Bitcoin as a strategic reserve asset</p>

NVDA

AAPL

DELL

ULTA

<p>NVIDIA fell by 6.4%, but Wall Street supports NVIDIA; AI demand is strong, Dell server revenue surged by 80%, rising more than 8% after hours; Apple's stock price approaches a historical high, with strong initial demand for the iPhone 16 series; Is the US consumer market in decline? The largest discount retailer, the one-dollar store, crashed by over 30%; Trump seeks favor from cryptocurrency retail investors: wants the US to become the "global capital of cryptocurrency"</p>

- Tech stocks weigh on the market again, with the Nasdaq hitting a two-week low while the S&P remains flat. Energy stocks boost the Dow to a new high. Nvidia drops over 6% post-earnings, while Dell surges over 8% after-hours. Buffett's new stake in beauty retailer ULTA sees an over 8% post-earnings drop. Chinese stocks rebound over 2%, with Ideal Auto up over 10% and Pinduoduo nearly 5%.
- Nvidia faces concerns of growth slowdown and chip delays, despite strong Q2 results. Dell's Q2 server revenue surges 80%, exceeding expectations. Buffett's ULTA investment faces challenges with a 1.2% decline in same-store sales. Apple nears all-time high ahead of iPhone 16 launch news, with strong initial demand anticipated.
- Huawei's first-half revenue surpasses 2019 levels, up 34.3%, marking a strong performance. Dollar General plummets over 30% as top executives cite financial pressures on core customers. Trump aims to make the US a global crypto hub, engaging with the crypto community for support in his initiatives.

Breakfast | Did Buffett make a mistake? Newly purchased beauty stock ULTA fell more than 8% after hours