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first_img Trump said that stock trading is for America, not for himself

On September 6, local time, U.S. President Trump posted on the social platform Truth Social, stating that he earned "hundreds of billions of dollars" for the United States through stocks and holding various other assets, and he expressed, "I do this for our country, not for myself." The post also mentioned that the only response he received was criticism from the radical left "foolish Democrats."According to a previous report by Reuters, information from the U.S. Office of Government Ethics shows that Trump disclosed personal securities transactions totaling at least $220 million and up to about $750 million in the first three months of 2026. Annual financial documents released by the U.S. Office of Government Ethics indicate that Trump's total income for 2025 was at least $2.2 billion, far exceeding his income of about $622 million in 2024 when he had not returned to the White House.On the same day, Trump also shared an AI-generated image, which appeared to show him trading in the Oval Office, with the screen displaying Intel's stock price rising from $20 to $95. In August of last year, the U.S. federal government invested about $8.9 billion to purchase a 9.9% stake in Intel at a price of $20.47 per share; CNBC reported that on September 4, 2026, the company's stock closed at $95.80. A White House spokesperson stated that all stock transactions under Trump's name are conducted by external financial managers, and Trump and his family have no control over specific trading decisions.

Fu Peng discusses NVIDIA's financial report: The market's reaction to the financial data is lukewarm, attention should be paid to the duration of the boost from Jensen Huang's speech

Chief Economist Fu Peng of New Fire Group published an article pointing out that although Nvidia's latest financial report has exceeded expectations for 15 consecutive quarters, the market has reacted lukewarmly to the financial data itself. Indicators such as stock price and options volatility show that market investors are currently more concerned about whether the free cash flow of the future index center can be smoothly delivered, and how long the momentum of AI growth can be maintained. These issues weigh more heavily than the performance of a single quarter's financial report, so even if this performance exceeds Wall Street's expectations by a few points, it does not change the denominator of the valuation.Fu Peng believes that Jensen Huang's statement during the conference call clearly indicated that "the inflection point for AI has arrived," which is essentially to reassure the market, aiming to strengthen market confidence in the formation of a closed-loop AI industry chain and alleviate concerns about over-investment. Investors should observe how long it takes for the market to digest this round of confidence boost, and how long the elevated expectations brought by Jensen Huang will last before fading. If the sentiment fades quickly, it indicates that the current typical market mentality is "no rabbit, no hawk," and the impact of manufacturers repeatedly reinforcing confidence in the market is gradually weakening, which can be observed from the duration of market fluctuations after each conference call.

hot_img Baidu's revenue in the second quarter was 31.3 billion yuan, with AI cloud and intelligent agent business becoming the core driving force

Baidu released its Q2 2026 financial report, with total revenue of 31.3 billion yuan, a year-on-year decrease of 4% and a quarter-on-quarter decrease of 2%; non-GAAP net profit was 2.6 billion yuan, with a non-GAAP net profit margin of 8%. Among them, revenue from Baidu's core AI business reached 12.5 billion yuan, accounting for 50% of the general business revenue (25.2 billion yuan), making AI business a core revenue pillar for Baidu.Looking at the segments, AI cloud infrastructure revenue was 7.3 billion yuan, a year-on-year increase of 50%, with GPU cloud revenue growing by 283% year-on-year, further accelerating from the 184% growth rate of the previous quarter; AI application revenue was 2.5 billion yuan, a year-on-year increase of 3%; AI native marketing service revenue was 2.6 billion yuan. The monthly active users of the Baidu App reached 644 million. In terms of autonomous driving, Luobo Kuaipao has covered 28 cities globally, with a cumulative autonomous driving mileage exceeding 350 million kilometers, of which fully autonomous driving mileage exceeds 240 million kilometers. This quarter, Baidu's free cash flow was -7.95 billion yuan, but adjusted EBITDA was 6.15 billion yuan, with an adjusted EBITDA profit margin of 20%. Baidu is advancing its dual primary listing conversion in Hong Kong, expected to take effect within the year. This quarter, Baidu returned approximately $259 million to shareholders through share buybacks.
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