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Overseas Trading: Shanghai Stocks Wrap Up Brutal July

It was a July to forget for the Shanghai Composite

Jul 31, 2015 at 8:11 AM
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For the most part, Asian bourses closed out the week higher. However, Chinese stocks still struggled, with the Shanghai Composite falling another 1.1%. The drop brings the index's monthly loss to 14.3%. The news today centered on Chinese regulators halting 24 trading accounts for unusual stock bidding and bid cancellation, according to Reuters. Elsewhere, Hong Kong's Hang Seng managed a 0.6% lead, as did South Korea's Kospi, bolstered by an upbeat report on industrial output. Amid mixed data on inflation and household spending, Japan's Nikkei closed 0.3% higher. 

Stocks in Europe are struggling to pick a direction around midday, as investors consider a fresh round of earnings, the latest U.S. gross domestic product (GDP), and continued weakness in commodities. France's CAC 40 is having the best day so far, advancing 0.2% on the heels of impressive earnings numbers from aerospace giant Airbus and lender BNP Paribas. In London, the FTSE 100 is down 0.2%, while Germany's DAX is 0.1% below breakeven.
 

150731Overseas

 

AI has exploded ever since ChatGPT set the world on fire near the end of 2022.

Numerous companies with connections to artificial intelligence have seen their stocks soar.

That includes Nvidia, the poster boy of AI.

Its stock has skyrocketed 716% since ChatGPT’s debut. But here’s the thing …

While everyone’s still counting their money from this first AI boom … Nvidia and countless others have moved on to the next stage.

That includes Big Tech, which is currently making a series of peculiar investments in a few strange companies. This has nothing to do with tech. At least on the surface …

Yet, these strange investments could be the early ripples of a massive wave …Without them, ChatGPT could stop operating … Amazon, Google, Microsoft and more could see profits drop drastically.

In fact, Elon Musk says these investments are critical when it comes to solving the number one problem facing AI.

Now, Silicon Valley legend Michael Robinson has identified two companies that could play a significant role in the solution.

Their stocks just may be the key to AI 2.0.

Find out more about these two companies today.
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