According to Odaily Planet Daily, Goldman Sachs has significantly raised its market size forecasts for artificial intelligence (AI) servers in its latest global printed circuit board (PCB) and copper clad laminate (CCL) industry report. The bank predicts the global AI server PCB market will reach $37.5 billion in 2027, a 38% increase from its previous forecast, and further grow to $84 billion in 2028. The CCL market is expected to reach $22.1 billion in 2027, an 18% increase, and is projected to grow to $48 billion in 2028. This means that from 2026 to 2028, the compound annual growth rate (CAGR) of the AI server PCB and CCL markets will reach 148% and 161%, respectively. Unlike traditional server cycles, this growth is driven not only by increased server shipments but also by multiple factors, including increased PCB layer counts, penetration of high-density interconnect (HDI), CCL material upgrades, and increased PCB usage within server racks.

According to Odaily Planet Daily, the following are the key market and financial news items for investors to pay attention to before the US stock market opens: 1. US stock index futures are mixed. Dow Jones futures are up 0.25%, S&P 500 futures are up 0.16%, and Nasdaq 100 futures are down 0.56%. 2. International oil prices rose across the board. WTI crude oil futures rose 1.48% to $76.332 per barrel; Brent crude oil futures rose 1.62% to $80.739 per barrel. 3. International spot gold and silver prices are mixed. Spot gold rose 0.56% to $4270.51 per ounce; spot silver fell 0.56% to $61.67 per ounce. 4. European stock indices rose moderately. The UK FTSE 100 rose 0.17%, the French CAC 40 rose 0.69%, and the German DAX 30 rose 0.21%. 5. US memory stocks collectively plunged in pre-market trading. SanDisk fell 10%, after giving revenue guidance of $10.3 billion to $10.8 billion for the next fiscal quarter, missing market expectations. Western Digital fell 15%, SK Hynix fell nearly 7%, and Micron Technology fell more than 4%. 6. SanDisk announced in its earnings call that it has reached long-term NBM agreements with eight customers covering data centers and edge computing, with remaining obligations of $91.1 billion. It is expected that NBM agreement bits will account for more than 50% of total shipments in fiscal year 2027. 7. TSMC is reportedly ramping up 2nm production capacity to meet demand for Apple's A20 Pro processor, but due to DRAM shortages, it has accumulated $1 billion worth of Apple processors, which will need to wait for DRAM to arrive before final packaging can be completed. 8. Musk stated that one of the biggest bottlenecks in the AI boom is memory. Memory supply grows by about 20% annually, but demand growth is as high as 200% or even higher, resulting in a severe supply-demand imbalance. 9. Alphabet, Google's parent company, launched a 10-part dollar investment-grade bond offering with maturities ranging from 2 to 40 years, raising up to $25 billion. 10. The Democratic Republic of Congo banned the export of copper and cobalt concentrates. As a result, LME copper futures rose 0.63% to $14,238.0 per tonne; COMEX copper futures rose 0.92% to 6.7895 cents per pound. 1. According to sources, Federal Reserve Chairman Warsh is prepared to raise interest rates if inflation data released in the coming weeks is strong and market expectations for further rate hikes increase.

According to Odaily Planet Daily, the World Gold Council stated that positive momentum offset negative risk factors in July, keeping gold prices flat. Looking ahead, a second wave of high inflation similar to that of the late 1970s cannot be ruled out. However, this does not necessarily mean a significant rise in gold prices; it depends on real interest rates, the US dollar, growth expectations, demand from Asian investors, and the response of central banks. Global gold ETFs attracted $3 billion in inflows in July, reversing two consecutive months of outflows, bringing total assets under management to $530 billion; holdings increased by 23 tons to 4,068 tons. Liquidity in the gold market continued to ease, with average daily trading volume falling to $356 billion per day, a 3.5% decrease month-on-month. Europe led the recovery in the gold market in July, attracting $2 billion in inflows, while Asia added $616 million, remaining the largest contributor to global ETF inflows year-to-date. (Golden Ten)

According to Odaily Planet Daily, Wall Street investment bank JPMorgan Chase stated that Hyperliquid (HYPE)-related ETFs were among the top performers in terms of inflows among non-Bitcoin crypto funds in May and June. However, as market competition intensified, inflows slowed significantly in July and early August, fueling growing concerns about the protocol's future competitiveness. A report by JPMorgan analyst Nikolaos Panigirtzoglou's team noted that while the Hyperliquid ETF led other non-BTC crypto funds in inflows relative to assets under management (AUM) in May and June, this trend has recently subsided. Hyperliquid has become one of the most watched growth projects in the crypto market this year, with its native token HYPE surging due to increased trader usage of its decentralized perpetual contract trading platform. This rapid growth has made Hyperliquid one of the largest crypto ecosystems outside of Bitcoin and Ethereum, attracting institutional funds, corporate treasury investors, and ETF issuers. However, JPMorgan Chase believes that decentralized derivatives platforms are facing competitive pressure from regulated centralized exchanges. As crypto perpetual contracts are gradually rolled out under the US regulatory framework, some trading activity may shift from offshore decentralized platforms like Hyperliquid to compliant trading venues. Furthermore, the report points out that Hyperliquid is expanding its prediction market business to reduce its reliance on perpetual contract trading fees, but this sector also faces increasingly fierce competition. JPMorgan Chase states that while Hyperliquid is one of the best-performing projects in the crypto market this year and has become the fourth largest asset in corporate crypto reserves (after Bitcoin, Ethereum, and Solana), its ability to continue expanding its market share from competitors like Solana and XRP remains uncertain. Data shows that Bitcoin and Ethereum ETFs currently have approximately $77 billion and $10 billion in assets under management, respectively, while other crypto ETFs, including Solana, XRP, and Hyperliquid, have a combined size of only about $2 billion to $3 billion. (CoinDesk)