--- title: "Breakfast | August 13, 2026" type: "News" locale: "en" url: "https://longbridge.com/en/news/295721278.md" description: "Wall Street Breakfast on August 13, 2026: US July CPI Report met expectations, with core CPI dropping to 2.5%; traders bet on a 45% probability of a rate hike in September. The S&P 500 approached record highs, led by the optical communication sector. The People's Bank of China's Q2 report stated it would increase the frequency of overnight Reverse Repo Operations and conduct mid-month operations for the first time. Tencent's Q2 revenue beat expectations, but free cash flow turned negative due to a significant surge in computing power expenditures. Unitree's IPO subscription rate on the STAR Market hit a historic low" datetime: "2026-08-12T23:39:51.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295721278.md) - [en](https://longbridge.com/en/news/295721278.md) - [zh-HK](https://longbridge.com/zh-HK/news/295721278.md) --- # Breakfast | August 13, 2026 US CPI data was mild, with the S&P 500 approaching record highs. Optical communications led US stocks higher, while Nebius surged 34%. The US dollar and gold rose together, while crude oil futures remained largely flat. The US July CPI Report fully met expectations, with the year-on-year increase narrowing to 3.4%, and core CPI slowing to 2.5% year-on-year. Traders maintained their bet on a 45% probability of a Federal Reserve rate hike in September. The yield on the 10-year US Treasury note issuance hit its highest level since the 2007 financial crisis. Amidst the midterm elections, the Trump administration is considering capital gains tax cuts, with the wealthy being the biggest beneficiaries. People's Bank of China Q2 Monetary Policy Implementation Report: Gradually increase the frequency of overnight Reverse Repo Operations to further smooth the transmission of policy rates to market rates. The People's Bank of China will conduct overnight Reverse Repo Operations in the middle of the month for the first time. Optical communication giant Coherent's earnings and guidance comprehensively beat expectations, citing exceptionally strong demand for the new fiscal year, though its shares fell 8% in after-hours trading at one point. Tencent's Q2 revenue grew 11% year-on-year, beating expectations. However, massive spending on computing power procurement pushed capital expenditures up to 52.78 billion yuan, turning free cash flow negative. Conference call highlights: The return on AI investment is becoming visible, WorkBuddy's gross margin has significantly improved, and computing power leasing serves as a "safety cushion." Unitree's final IPO subscription rate on the STAR Market was approximately 0.018%, hitting a historic low, while online subscriptions reached 9.7846 million accounts, setting a new high for the STAR Market. DeepSeek V4 Pro officially launched late at night: Multiple tests approached Fable 5 levels, competing directly with Grok 4.6. Cerebras' hardware revenue unexpectedly declined, encountering demand fluctuations on its path to "challenging Nvidia," causing its stock to plummet 17% in after-hours trading at one point. Cisco's revenue last quarter hit a record high, with AI orders exploding and securing $4 billion. Guidance for the current fiscal year further exceeded expectations. Its stock initially rose nearly 8% in after-hours trading before falling more than 6% at one point. Driven by booming demand for computing power, Nebius' Q2 revenue surged 454% year-on-year, with AI cloud sales soaring 514%, leading to a 34% spike in its stock price. Korean media: Samsung and SK Hynix are planning an "epic" dividend and share buyback program, potentially totaling over $140 billion. Google released the Pixel 11 series, with prices increased by $100. The hardware and design saw minor upgrades. 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