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2026-07-29 全球资产日报

• 数据时间：2026-07-29 16:40:16 Asia/Shanghai
• 报告类型：全球资产日报

展开市场热力、期权压力和 Crypto 盘口

股票与 ETF 板块热力

云计算及平台

GOOG+2.32%

较前交易日5D -3.93%Put/Call 0.45 · 大单 2

芯片设计与制造

GFS-9.04%

较前交易日5D -17.46%Put/Call 0.59

MRVL-8.97%

较前交易日5D -16.10%Put/Call 0.43 · 大单 4

数据中心及算力基础设施

NBIS-10.26%

较前交易日5D -21.77%Put/Call 1.75 · 大单 4

VRT-6.13%

较前交易日5D -11.47%Put/Call 1.25 · 大单 1

APLD-0.25%

较前交易日5D -11.41%Put/Call 0.38

光通信及互连

COHR-10.94%

较前交易日5D -23.29%Put/Call 1.26

关键矿物

USAR-5.02%

较前交易日5D -11.01%Put/Call 0.69

数字资产基础设施

CRCL-2.33%

较前交易日5D -9.51%Put/Call 0.68

半导体与存储 ETF

SOXL-18.77%

较前交易日5D -30.91%Put/Call 1.35 · 大单 1

KMEM-18.29%

较前交易日5D -19.65%Put/Call N/A

DRAM-11.52%

较前交易日5D -18.83%Put/Call 0.26 · 大单 4

FTXL-9.51%

较前交易日5D -12.14%Put/Call 0.63

PSI-8.28%

较前交易日5D -16.24%Put/Call 0.21

SOXX-6.63%

较前交易日5D -11.08%Put/Call 0.22 · 大单 4

期权压力

SPCX0.69

Put/Call VolOI 0.00IV 0.39% · Max Pain 5.00 · 大单 22

NVDA0.49

Put/Call VolOI 7.23IV 0.20% · Max Pain 130.00 · 大单 16

QQQ1.02

Put/Call VolOI 0.18IV 0.10% · Max Pain 495.00 · 大单 12

MSFT0.71

Put/Call VolOI 3.00IV 0.20% · Max Pain 300.00 · 大单 8

NBIS1.75

Put/Call VolOI 0.02IV 0.20% · Max Pain 90.00 · 大单 4

MRVL0.43

Put/Call VolOI 0.00IV 0.39% · Max Pain 105.00 · 大单 4

DRAM0.26

Put/Call VolOI 0.32IV 0.39% · Max Pain 30.00 · 大单 4

SOXX0.22

Put/Call VolOI 0.28IV 0.20% · Max Pain 340.00 · 大单 4

快照对比基准：2026-07-28。本面板只展示已落盘事实，不生成操作判断。

今日总览

核心判断

优先级	相对上一期变化	判断	组合含义	触发 / 失效	证据
1	亚洲科技抛售延续，美股盘前进一步集中到半导体、光通信和 AI 基建高 beta	16:40 左右的 IBKR 延迟盘前快照中，MRVL、GFS、COHR、NBIS 分别较前收 -8.97%、-9.04%、-10.94%、-10.26%，SOXX -6.63%；MSFT +2.15%、GOOG +2.32%、NVDA -0.15%。卖压集中，尚无公司订单、利润率或现金转化同步恶化的证据。	已隐藏维持现有股票主线位，但停止弱势中的同主题机械补仓。	各标的先收复 4H 压力并补齐公司经营证据才恢复新增；跌破各自行失效位时逐只缩小风险，不把板块跌幅直接改写成产业 thesis 失效。	金十亚洲收盘、Reuters：亚洲 AI 交易去杠杆，2026-07-29、IBKR data type 3 延迟行情
2	组合最紧约束从小股票主线转到 Crypto 杠杆路径	BTC、ETH、SOL 24 小时分别 +1.52%、+1.70%、+1.08%，但 7 月 28 日 BTC ETF 净流出 4,970 万美元、SOL ETF 净流出 1,810 万美元，只有 ETH 净流入 940 万美元。价格、ETF 资金流和中周期技术没有一致确认。	已隐藏FOMC 前不新增合约杠杆；需要降风险时先移除期货路径。	BTC 守住 64,006—64,093 并突破 64,805—64,889；ETH 守住 1,908—1,911 并突破 1,929—1,931 才能升级。BTC 跌破 63,693、ETH 跌破 1,873 时优先降低对应期货。	Binance 公开行情；Farside BTC、ETH、SOL 2026-07-28 流量
3	美股风格分化扩大，成长内部也出现软件与半导体分流	截至 7 月 28 日，RSP、IWD、USMV 近 5 日分别 +2.32%、+1.86%、+2.08%，IWF -4.00%、MTUM -7.05%；XLV、XLB、XLP、XLF 上涨，XLK -5.36%。IWM 近 5 日仍 -1.07%，扩散尚未覆盖小盘。	金融 / 区域银行升为 A 级研究优先；等权、价值、低波、能源和软件韧性列为 B 级观察。现有组合缺少金融、能源和医疗直接暴露，暂不因价格强弱立即轮仓。	FOMC 后 XLF/KRE 继续维持 20/60 日相对领先，且银行净息差、贷款增长与信用成本不恶化，金融方向才进入公司下钻；RSP/IWD/USMV 同时失去 20 日优势则风格扩散失效。	本地公开完成日线；美联储 H.8
4	FOMC 与平台财报构成同日双事件，报告截止时都没有结果	美联储决议定于 7 月 30 日 02:00、记者会 02:30（北京时间）；Microsoft 与 Meta 均在 7 月 29 日美股盘后发布业绩。会前 CME 口径为维持利率 69.5%、加息 25bp 30.5%。	暂停新增高 beta 和杠杆。FOMC 检验折现率，平台财报检验 AI 收入、利润率、资本开支回报和自由现金流；两个结果分别处理。	决议、记者会和正式财报落盘后，重新核对完成日线、经营指标与 ETF 资金流；概率和盘前价格不代替结果。	美联储日历、Microsoft IR、Meta IR
5	中东交火重新抬升油价与通胀尾部风险	WTI 因伊朗向约旦美军基地发射导弹的消息上涨 4% 至 81.45 美元；Kpler 口径显示曼德海峡通行回升，但霍尔木兹仍只有少量船只通行。IMO 截至 7 月 27 日确认 62 起相关航运事件。	能源 / 油气保留 B 级事件观察；当前 1/5/60 日相对表现仍弱，不建立追价仓位。油价若持续上行，会同时压缩降息空间并抬高成长股折现压力。	EIA/IEA 后续实物数据继续显示库存收紧或供应恢复受阻，且 XLE/XOP 5 日相对表现转正，才升级；通航持续恢复、库存转增并失去 20 日相对优势则降级。	金十油价、Kpler 通航口径、IMO 事件清单，2026-07-27

今日动作

标的 / 风险预算	当前动作	升级条件	降级 / 失效条件
半导体 / AI 基建股票簇	维持已有仓位，停止同主题第三轮机械补仓；GOOG 保持，MRVL、GFS、APLD、PSI、COHR、NBIS 等待 4H 吸收和公司证据。	个股收复各自 4H 与日线近端压力，同时出现订单、收入、利润率、投产或现金转化改善。	逐只跌破表内失效位，或公司经营、融资、交付证据恶化时降低对应风险；不做整簇无差别处理。
BTC / ETH 永续	维持当前仓位但冻结新增杠杆；FOMC 前不追 1H 反弹。	BTC 越过 64,805—64,889；ETH 越过 1,929—1,931，且完成日线与 ETF flow 不转弱。	BTC 失守 63,693、ETH 失守 1,873 时优先减对应期货；再失守 62,583—62,756 / 1,847 时继续去杠杆。
金融 / 区域银行	A 级研究优先，不建仓。	FOMC 后 XLF/KRE 保持中期相对强势，代表性银行同时确认净息差、贷款增长和信用成本。	相对强度反转，或 H.8 / 公司披露显示贷款收缩与信用恶化。
期权对冲	暂不建立。当前链缺少可靠 OI、Greeks、IV 历史和可执行 bid/ask，无法定价成本与基差。	补齐组合 beta、损失预算、可执行链和对冲成本后再比较指数对冲与直接减仓。	若风险位先触发，直接降低期货或失效的高 beta 仓位，不等待期权包。

焦点专题：亚洲科技去杠杆与美股 AI 链分化

韩国科技股连续第二天承压，金十记录 SK 海力士收跌 9.6%、KOSPI 跌 6.0%，台湾与日本股市分别跌 3.8% 和 1.5%。Reuters 的同日材料显示，SK 海力士二季度利润同比大增但仍低于高预期；公司同时称客户中长期洽谈尚未显示 AI 投资削减。价格和经营口径出现分歧，当前更适合逐公司验证订单、利润率与融资，而不是把亚洲跌幅直接传导成美国 AI 链盈利下修。

美股盘前也呈现清晰的内部差异：半导体、光通信和算力租赁标的普遍下跌约 6%—11%，MSFT、GOOG 上涨，NVDA接近平盘。完成日线中的软件 ETF IGV 在 5/20/60 日相对 SPY 均领先，而 SMH、SOXX 在 5/20 日显著落后。7 月 29 日盘后的 MSFT 与 Meta 财报将检验这种分化有没有收入、利润率和自由现金流支撑；财报前的软件强势仍只是一项价格证据。

跨资产主线

当日主线是“同一 AI / 风险资产因子内部重新定价”。股票主线规模较小，允许保留中期产业敞口承受波动；Crypto 的方向敞口和交叉保证金路径更大，先约束新增杠杆。FOMC 决定折现率和美元条件，MSFT、Meta、Amazon 财报决定 AI 资本开支能否转成收入、利润率和现金流，中东航运决定油价与通胀尾部。三个验证轴分别落盘后再调整风险，不用盘前价格替代结果。

全市场快讯

类别	时间	事实与关键数字	影响资产	市场含义与证据边界	来源
亚洲股市	7 月 29 日收盘	SK 海力士 -9.6%、KOSPI -6.0%，台湾 -3.8%、日本 -1.5%；消费、金融、能源相对领先。	半导体、AI 硬件、亚洲权益	去杠杆延续；公司称客户洽谈未显示 AI 投资削减，跌幅不能单独证明需求反转。	金十、Reuters，2026-07-29
美股盘前	16:40 左右	MRVL -8.97%、GFS -9.04%、SOXX -6.63%、COHR -10.94%、NBIS -10.26%；MSFT +2.15%、GOOG +2.32%、NVDA -0.15%。	美股、半导体、AI 基建	IBKR data type 3 延迟快照，变化相对前收且包含盘外，不是实时成交。	IBKR 延迟行情
美股风格	截至 7 月 28 日收盘	RSP、IWD、USMV 近 5 日分别 +2.32%、+1.86%、+2.08%；IWF -4.00%、MTUM -7.05%。	等权、价值、低波、成长、动量	价值与防御扩散，小盘尚未确认；ETF 代理不等同指数全成分广度。	本地公开完成日线
原油与航运	06:26—11:54	WTI 涨 4% 至 81.45 美元；曼德海峡通行升至一周高点，霍尔木兹仍只有少量通行；IMO 已确认事件累计 62 起。	原油、能源、航运、通胀	冲突责任采用 IMO 已确认事实；单方战果与媒体标题不扩写。	金十油价、Kpler 口径、IMO
FOMC	06:02 会前定价	CME 口径：维持利率 69.5%、加息 25bp 30.5%；决议与记者会尚未发布。	美元、美债、成长股、Crypto	概率会随盘面变化，不能代替政策结果。	金十、美联储
平台财报	7 月 29—30 日	Microsoft、Meta 于 7 月 29 日盘后，Amazon 于 7 月 30 日盘后发布业绩。	云、广告、AI 基建、半导体	重点核验 AI 收入、利润率、资本开支、融资与自由现金流；截止时没有结果。	Microsoft、Meta、Amazon
APLD	7 月 27 日	FY2026 Q4 收入 2.587 亿美元、同比 +407%，其中 tenant fit-out 收入 1.524 亿美元、对应成本 1.456 亿美元；归母净亏损 1.106 亿美元。	APLD、数据中心融资	租约和建设推进得到确认；收入结构、50 亿美元债务与现金转化仍是反方。	Applied Digital，2026-07-27
Crypto ETF	7 月 28 日	BTC -4,970 万美元、ETH +940 万美元、SOL -1,810 万美元。	BTC、ETH、SOL	现货反弹与资金流分化；ETF 不覆盖全市场现货和链上资金。	Farside BTC、ETH、SOL

宏观

主题	最新事实	市场影响	后续验证	来源
FOMC	7 月 28—29 日会议；声明定于美东 7 月 29 日 14:00，记者会 14:30。会前维持利率概率 69.5%、加息 25bp 概率 30.5%。	利率路径同时影响美元、美债、科技估值和 Crypto；会前概率不构成结果。	声明、记者会对通胀、油价、关税和资产负债表的措辞。	美联储、金十
美国通胀与就业底稿	会前已知的 6 月核心 CPI 同比 2.6%，6 月非农增加 5.7 万人；当前最新 PCE 仍为 5 月，总 PCE 同比 4.1%、核心 PCE 3.4%。	就业降温与通胀偏高形成政策张力；7 月 30 日 GDP/PCE 将更新增长和价格组合。	二季度 GDP 初值、6 月个人收入支出与 PCE。	BEA 日程、BLS 就业报告
银行信用	截至 7 月 15 日当周，工商业贷款由 2.872 万亿美元升至 2.886 万亿美元，贷款与租赁由 13.301 万亿美元升至 13.343 万亿美元。	支持金融 / 区域银行研究，但 H.8 为抽样估计且存在重分类；净息差与信用成本仍缺。	FOMC 后银行财报、资产质量、拨备和贷款增长。	美联储 H.8
美国国债供给	暂定日程列示 7 月 29 日拍卖 2 年期 FRN 与 17 周国库券；TBAC 建议融资表给出的 7 月 FRN 规模为 300 亿美元。	拍卖尾部、投标结构和利率路径可影响短端与美元流动性。	以正式公告、投标统计和得标利差为准。	美国财政部暂定拍卖日程
日本央行	7 月会议定于 7 月 30—31 日，政策声明与展望报告基本观点计划 7 月 31 日发布。	日元与全球利差交易可能放大跨资产波动。	正式政策声明、展望数字和会议结束时间。	日本央行

地缘与政策

主题	最新事实	影响链条	后续验证	来源
霍尔木兹与中东航运	IMO 截至 7 月 27 日列出 62 起确认事件、17 名海员死亡；霍尔木兹通行仍有限，曼德海峡通行短期回升。	航道与保险风险 → 运输、库存与油价 → 通胀与成长股折现率。	船舶实际通行量、运营商公告、战争险和多方停火确认。	IMO，2026-07-27、金十
伊朗与美军基地	金十记录伊朗向约旦美军基地发射导弹的消息，WTI 随后上涨 4%。	冲突升级预期 → 原油风险溢价与政策通胀约束。	责任与损害采用多方官方确认；不使用单方战果建立资产方向。	金十
EIA / IEA 情景冲突	EIA 7 月展望采用 7 月 1 日前谅解与航道恢复假设；IEA 7 月 10 日材料称 7 月 7—8 日停火已被破坏。	官方报告截止时间不同，供给恢复与四季度库存路径存在分歧。	7 月 29 日 EIA 周报、后续 IEA 更新和实际通行数据。	EIA 周报、IEA 7 月油市报告

持仓观察

分类	标的	结构 / 强弱	最近均线压力 / 支撑	支撑	压力 / 确认	日线九转	新闻 / 日历 / 期权	判断 / 动作
芯片与网络	MRVL	1D/4H/1H 同向偏弱，日线仅高于 MA120；1H 反抽未扭转 4H 弱势	上方日线 MA5 195.64；下方 MA120 165.43	170.84；167.29；164.91	174.37—175.80；4H 176.88	低序列第 3 根	P/C 成交量 0.43；有效 OI 覆盖弱，大单不作方向解释；7 月 30 日支付季度股息	维持、不新增。收复 174.37—176.88 后再看 177.95—181.76；失守 164.91 与 MA120 时缩小风险并复查订单与指引。
晶圆代工	GFS	多周期同向偏弱；4H RSI6 6.44、日线 RSI12 10.27，超跌未形成底部确认	上方日线 MA5 54.23；下方无可用日均线	47.37—46.88	48.92—50.11；4H 51.43；日线 54.23	低序列第 4 根	8 月 5 日 08:30 EDT Q2 电话会；P/C OI 6.89，但链总 OI 仅 568	财报前维持、不补仓。收复 50.11/51.43 后再看 54.23；跌破 47.37—46.88 时降低风险。
数据中心及算力租赁	APLD	日线低于全部均线；1H 弱反抽，4H MACD 柱仍为负	上方日线 MA10 27.93；下方无可用日均线	25.83—25.41；24.00	26.47—26.82；27.24—27.98	低序列第 3 根	Q4 收入 +407%，但 fit-out 占比高且净亏扩大，2026-07-27；期权 OI 薄	维持、不新增。只有基础租金、投运与现金转化改善且站上 27.98 才升级；失守 25.41 后看 24.00。
战略资源	USAR	日线低于全部均线；1H/4H 仅为企稳尝试	上方日线 MA5 14.82；下方无可用日均线	14.08；13.73；13.46	14.24—14.42；14.82	7/14 已完成低 9，当前延续第 10 根后，不是新触发	Carester 战略投资仍有交割条件，2026-07-23；P/C OI 偏高但链质量不足	小仓维持、不新增。守住 14.08 并突破 14.82，且项目交割或投产转成经营事实才升级；失守 13.73/13.46 时取消企稳假设。
光通信	COHR	日线低于全部均线并略低于布林下轨；1H 反抽，4H/1D 仍弱	上方日线 MA5 284.49；下方无可用日均线	228.23 附近多周期共振	242.53—246.11；255.14—255.65	低序列第 3 根	8 月 12 日盘后 FY2026 Q4/全年业绩；P/C 成交量 1.26、OI 2.31，链覆盖仍不足	持有并冻结新增。收复 255.14—255.65 且订单、利润率与现金转化改善才升级；跌破 228.23 先降低风险。
数字金融与稳定币	CRCL	日线夹在 MA5/10/20 之间，1H/4H 反复，结构分歧	上方 MA20 64.32；下方 MA5 64.14	63.97—64.30；62.95	64.77；65.18；66.85	低序列第 3 根	收购 IBM 区块链专利组合，2026-07-27，未披露价格和收入时间表	维持、不新增。守住 63.97—64.30 并突破 66.85 后才打开修复；失守 62.95/61.72 时降低风险。
云计算及平台	GOOG	已站上 MA5，仍低于 MA10/20/30/60/120；1H/4H 反弹偏热	上方 MA120 338.98；下方 MA5 327.70	328.35—329.05；320.64	333.69—335.00；338.98—340.18	7/28 完成低 9，需价格确认	Alphabet Q2，2026-07-22：证券估值收益与自由现金流压力并存；Meta 财报为广告与 AI 读穿	持有。低 9 只作观察；守住 328.35—329.05 并突破 338.98—340.18，同时确认 AI capex 回报与自由现金流后才新增。
AI 云与基础设施	NBIS	日线仅略高于 MA120，4H 仍低于全部均线；1H 反抽萌芽	上方日线 MA10 193.30；下方 MA120 167.25	167.25—168.71；164.31	172.03—173.68；4H 180.86	低序列第 2 根	完成 7.75 亿美元首笔有担保债务融资，2026-07-17；客户合同与融资成本需继续验证	持有并冻结新增。先站回 172.03—173.68，再突破 180.86；失守 167.25/164.31 时降低风险，161.43—159.55 为下一失效带。

ETF 持仓与观察

ETF	当前 / 盘外	NAV / 溢折价	前十大内部强弱	技术结构 / 日线九转	集中判断
PSI	127.88，较前收 -8.28%；7/28 收 129.38，盘外 -1.16%；已隐藏	发行方日度 NAV 与溢折价未取回；费率 0.56%	发行商成分文件未成功取得，无法计算前十大内部强弱	1D/4H 弱、1H 尝试修复；低序列第 2 根。收复 129.53—130.05 后再看 134.84—135.24；失守 125.90/123.35	持仓 ETF，冻结新增；官方成分和资金流缺口使单股重复暴露无法穿透。
SOXX	482.01，较前收 -6.63%；7/28 收 491.46，盘外 -1.92%；观察标的	7/27 NAV 515.89、日变动 -2.11%，溢价 0.07%；费率 0.34%	发行商成分文件未成功取得	1D/4H/1H 同向下行，低序列第 2 根；先收复 492.32/497.13，失守 476.80 后看 MA120 461.03	只作半导体基准，不新增同因子风险。
SOXL	104.10，较前收 -18.77%；7/28 收 109.54，盘外 -4.97%；观察标的	7/27 NAV 127.26、日变动 -6.39%，溢价 0.70%；净费率 0.75%	发行商成分文件未成功取得；单日 +300% 目标含衍生品与路径依赖	多周期急跌，低序列第 2 根；先收复 109.93/116.47，失守 101.53 延续下行	不用杠杆 ETF 表达中期 thesis，当前无新增条件。
FTXL	204.00，较前收 -9.51%；7/28 收 212.66，盘外 -4.07%；观察标的	7/27 NAV 225.47、日变动 -1.79%，折价 0.01%；费率 0.60%	发行商成分文件未成功取得	多周期下行，低序列第 2 根；守住 203.63 并收复 207.98/216.67，203.63 失守则延续	保留为半导体相对强弱代理，不建仓。
DRAM	46.39，较前收 -11.52%；7/28 收 47.77，盘外 -2.89%；观察标的	动态 NAV 与溢折价未取回；费率 0.65%	发行商成分文件未成功取得	多周期下行，1H 仅轻微修复；低序列第 2 根。站上 47.80/48.48 才改善，失守 45.19—45.33	只作存储主题代理；缺 NAV、成分和资金流，不升级。
KMEM	14.16，较前收 -18.29%；7/28 收 15.82，盘外 -10.49%；观察标的	最近可解析官方观测停留在 7/9：NAV 21.57、溢价 1.17%；费率 0.65%	发行商成分文件未成功取得	多周期下行且日线样本严重不足，低序列第 3 根；站上 14.55 后看 16.29/17.85，失守 13.88	数据陈旧且产品历史短，不作为可执行机会。

Crypto 与组合风险

资产 / 分区	最新事实	技术与资金结构	判断 / 动作	触发 / 失效
BTC	64,461.7 美元，24 小时 +1.52%；Funding 0.01%；7/28 ETF 净流出 4,970 万美元	1H 偏热，4H MA20/60 斜率仍负；已隐藏	维持、冻结杠杆新增。抵押品与期货同跌会放大交叉保证金路径风险。	守住 64,006—64,093 并突破 64,805—64,889 才升级；失守 63,693 优先减期货，62,583—62,756 再失守继续去杠杆。
ETH	1,915.59 美元，24 小时 +1.70%；Funding 0.006776%；7/28 ETF 净流入 940 万美元	相对 BTC 更强，但 4H MACD 柱仍负；已隐藏	维持、冻结杠杆新增；风险触发时先移除期货，尽量保留非杠杆 WETH thesis 与收益。	守住 1,908—1,911 并突破 1,929—1,931，随后确认 1,957—1,981；失守 1,873 优先减期货，1,847 再失守继续去杠杆。
SOL	74.05 美元，24 小时 +1.08%；Funding 接近零且略负；7/28 ETF 净流出 1,810 万美元	1D/4H 仍弱，低序列第 7 根；已隐藏	保留 Earn，不新增；价格与 ETF 流量仍未一致。	守住 73.48—73.60 并越过 74.59—74.81；失守 72.47 后复查，68.01 与 thesis 同时恶化才降低非杠杆仓位。
组合风险顺序	已隐藏	股票小分区无法对冲 Crypto 主要净值风险；FOMC 或平台财报可触发跨资产同步去风险。	需要降风险时依次处理：交叉保证金 BTC/ETH 期货、已失效的高 beta 单股/ETF、非杠杆 WETH/SOL。	组合损失预算、保证金压力参数和抵押品折扣尚未给定，因此不写目标仓位百分比。

美股机会雷达

板块机会地图

分级	板块 / 行业 / 主题	强度与 Why now	第一反对理由	升级 / 失效条件	下一步核验
A	金融 / 区域银行	XLF 相对 SPY 5/20/60 日 +3.65/+7.24/+7.40 个百分点，KRE +2.06/+2.75/+6.85；H.8 贷款余额周度上升，FOMC 紧邻。	KRE 量比仅 0.93；缺净息差、信用成本、资产质量、估值和盈利修正。	财报确认净息差、贷款增长和信用成本且 XLF/KRE 维持中期领先则升级；二者失去 20 日优势并伴随信用恶化则失效。	FOMC 后做代表性区域银行盈利、估值与资产质量下钻。
B	等权 / 价值 / 低波防御扩散	RSP、IWD、USMV 5/20/60 日均相对 SPY 占优；XLP 量比 2.07、XLV 1.29。	IWM 的 5/20 日相对表现仍为负，扩散可能只反映集中去风险。	IWM 20 日相对表现转正且 RSP/IWD/USMV 继续领先则升级；三者同步失去 20 日优势则失效。	核验盈利广度、估值和基金流。
B	能源 / 油气与航运风险	XLE/XOP 20 日相对 SPY +7.47/+7.10 个百分点；IMO 事件与供应恢复分歧提供催化。	两者 1/5/60 日相对表现仍为负，EIA 预计四季度库存转增。	实物数据继续收紧且 5 日相对表现转正则升级；通航恢复、库存累积并失去 20 日优势则失效。	对照 EIA、IEA、通航和公司级能源服务暴露。
B	软件韧性 / 半导体弱势	IGV 5/20/60 日相对 SPY +0.95/+2.12/+6.29，SMH 与 SOXX 5/20 日显著落后；MSFT 财报提供经营验证。	IWF 仍弱；MSFT 结果、估值与一致预期未落盘，软件韧性可能只是资金迁移。	MSFT 同时确认 Azure/AI 收入、云利润率和自由现金流且 IGV 保持领先则升级；结果恶化或强势向下扩散则失效。	财报后核验 MSFT 经营与估值，再筛公司。
C	医疗保健 / 生物科技分化	XLV 1/5/20/60 日均相对 SPY 领先，XBI 60 日强但 5/20 日落后。	只有 ETF 代理和行业级 FDA 事实，未映射到公司收入、利润或监管节点。	建立公司级监管和盈利证据才升级；XLV 失去 20/60 日领先且 XBI 继续恶化则失效。	先做公司级 FDA / 临床节点映射。

未持仓标的下钻

分级	标的	对应方向	已验证暴露与 Why now	第一反对理由	升级 / 失效条件
B	MSFT	软件韧性 / 半导体弱势	20 日相对 SPY +6.74 个百分点；7 月 29 日盘后财报直接检验 AI 容量投入、Azure/AI 收入、云利润率与现金流。Nebius 披露 Microsoft 为重要客户，确认容量采购关系。	60 日相对 SPY -6.63 个百分点；客户关系不证明 MSFT 端变现，正式结果和估值尚缺。	正式业绩同时确认收入、利润率、资本开支回报和自由现金流，完成日线站稳 400.1—400.6 才升级；跌破 388.36 且 IGV 失去 20 日优势则失效。

其余未持仓 NVDA、VRT、SPCX 缺少足以进入 A/B 的订单、收入、利润率或正式指引事实，保持观察；SOXX、SOXL、FTXL、DRAM、KMEM 是 ETF 代理，不回填公司候选。

组合暴露叠加

方向	暴露状态	组合映射	含义
金融 / 区域银行	none	无直接持仓	提供新的独立研究方向，不构成自动配仓。
等权 / 价值 / 低波	unknown	缺因子载荷与基准权重	无法从证券名称推断真实风格敞口。
能源 / 油气与航运	none	无直接持仓	可分散 AI / Crypto 因子，但需先通过实物与公司证据门槛。
软件 / 半导体分化	direct	MRVL、GFS、PSI、COHR、GOOG、NBIS、APLD	已有直接 AI / 半导体暴露，新风险优先考虑证据质量与因子重复。
医疗 / 生物科技	none	无直接持仓	当前只到 C 级，暂不建立暴露。

重要日历

日期 / 时间（北京时间）	确认状态	标的 / 类别	事件	需要验证	预先动作 / 失效条件	来源
7 月 29 日 22:30	confirmed	原油 / 宏观	EIA 周度石油库存与供应	正式库存、产量、成品油需求与供应恢复假设	数据前不追 XLE/XOP；库存继续收紧且相对强度转正才升级	EIA
7 月 30 日 02:00 / 02:30	confirmed	全球宏观	FOMC 决议 / 记者会	利率决定、通胀与油价措辞、资产负债表	决议前冻结新增高 beta 与杠杆；结果后重算完成日线和美元条件	美联储
7 月 30 日 04:30	confirmed	META / 平台财报	Q2 电话会	广告、AI capex、融资结构、利润率与自由现金流	仅作 GOOG 与 AI 基建读穿，不假定供应链关系	Meta
7 月 30 日 05:30	confirmed	MSFT / 平台财报	FY2026 Q4 电话会	Azure/AI 收入、云利润率、资本开支回报和现金流	结果前 MSFT 只保留 B 级；站稳 400.1—400.6 且经营同向改善才升级	Microsoft
7 月 30 日 20:30	scheduled	美国宏观	二季度 GDP 初值与 6 月 PCE	增长、总/核心 PCE 和收入支出	数据前不把预测写成结果；落盘后复查利率敏感资产	BEA
7 月 31 日 05:00	confirmed	AMZN / 平台财报	Q2 电话会	AWS、AI capex、利润率和现金转化	只作行业读穿，未确认与持仓的直接供应关系	Amazon
7 月 31 日	confirmed	日本央行	7 月会议结果与展望报告	政策、通胀展望和日元利差	结果前不预设会议结束时点；关注全球 carry 交易	日本央行
8 月 5 日 20:30	confirmed	GFS	Q2 业绩电话会	需求、利用率、价格、毛利率、资本开支与指引	财报前不补仓；47.37—46.88 失守则先降低风险	GFS IR
8 月 12 日盘后 / 8 月 13 日 04:30	confirmed	COHR	FY2026 Q4 与全年业绩 / 电话会	AI 光互连订单、利润率、现金转化与指引	255.14—255.65 未收复前冻结新增；228.23 失守先降低风险	Coherent

重要文章与快讯

重要文章

重要性	中文标题	发布日期	来源	相关标的	评级理由
5/5 高	美股期货迎战地缘与芯片压力	2026-07-29	Yahoo Finance	005930.KS, CL=F, SKHY, ^DJI, ^GSPC, ^IXIC, ^KS11	同日覆盖美联储、MSFT财报、芯片抛售和油价冲击，跨资产相关度与时效性很高。
5/5 高	美联储决议与科技财报同日交汇	2026-07-29	The Wall Street Journal	AAPL, AIR.PA, AMZN, ARM, BIIB, BMY, CMG, COIN	当日货币政策与科技财报直接影响MSFT及大盘定价，但原文日程不完整。
5/5 高	亚洲人工智能交易遭遇集中抛售	2026-07-29	Reuters	CL=F, DX-Y.NYB, GOOG, META, MSFT, SKHY, TSLA, ^HSI	报道时效强、事实密度高，同时覆盖科技股、原油、美元和美联储预期，是跨资产日报的优先材料。
5/5 高	Applied Digital租约扩张与重资产兑现	2026-07-27	Applied Digital	APLD, CHRN, CRWV	两日内发布的一手财报，直接覆盖APLD经营、租约、融资与投运进展，并对CHRN和CRWV存在明确关联。
5/5 高	霍尔木兹航运事件升至62起	2026-07-27	International Maritime Organization	-	官方清单更新至07/27，事件数量、伤亡及船舶状态明确，直接关联霍尔木兹航运和能源供应链，是当日日报的高优先级风险事实。

金十快讯

金十数据快讯 · 2026-07-29 15:46:46+08:00 · SKHY / SOXX / GLOBAL / Semiconductors / Asian equities

亚洲资金轮出科技，半导体波动扩散

SK海力士收跌9.6%、KOSPI跌6.0%，台湾与日本股市分别跌3.8%和1.5%；领涨板块转向可选消费、金融和能源。

金十数据快讯 · 2026-07-29 11:54:47+08:00 · GLOBAL / Oil / LNG / Shipping / 航运/反方事实

曼德海峡通行量升至一周新高，霍尔木兹仍稀少

Kpler称周二37艘货船通过曼德海峡，为7月19日以来最高；霍尔木兹仅少量船只通行。

金十数据快讯 · 2026-07-29 06:26:06+08:00 · GLOBAL / WTI / 能源 / commodity / 全球

WTI原油上涨4%至81.45美元/桶

伊朗向约旦美军基地发射导弹的消息后，WTI涨幅扩大至4%。

金十数据快讯 · 2026-07-29 06:02:49+08:00 · GLOBAL / USD / UST / 央行/利率 / rates

CME：美联储7月按兵不动概率69.5%

7月维持利率不变概率69.5%，加息25bp概率30.5%；到9月累计加息25bp概率56.4%。

打开原文

欧洲股市多数上涨，防御与能源领涨

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来源：金十数据快讯发布时间：2026-07-29 15:47:11+08:00检索：全球股市标签：`GLOBAL`, European equities, Energy, Semiconductors, 全球股市, equity, 欧洲

快讯正文

英国富时100约涨0.5%，法国CAC40涨0.5%，德国DAX涨0.3%；半导体设备股仍弱。

打开原文

亚洲资金轮出科技，半导体波动扩散

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来源：金十数据快讯发布时间：2026-07-29 15:46:46+08:00检索：科技/半导体标签：`SKHY`, `SOXX`, `GLOBAL`, Semiconductors, Asian equities, 科技/半导体, equity, 亚洲

快讯正文

SK海力士收跌9.6%、KOSPI跌6.0%，台湾与日本股市分别跌3.8%和1.5%；领涨板块转向可选消费、金融和能源。

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美伊恢复交火推升油价与英国国债收益率

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来源：金十数据快讯发布时间：2026-07-29 15:40:08+08:00检索：地缘安全/利率标签：`GLOBAL`, Oil, `UK10Y`, 地缘安全/利率, cross_asset, 中东/英国

快讯正文

伊朗向驻约旦美军发射导弹，美国和沙特打击伊拉克境内亲伊武装；英国10年期国债收益率升1.2bp至4.969%。

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曼德海峡通行量升至一周新高，霍尔木兹仍稀少

标签

来源：金十数据快讯发布时间：2026-07-29 11:54:47+08:00检索：航运/反方事实标签：`GLOBAL`, Oil, `LNG`, Shipping, 航运/反方事实, commodity, 曼德海峡/霍尔木兹海峡

快讯正文

Kpler称周二37艘货船通过曼德海峡，为7月19日以来最高；霍尔木兹仅少量船只通行。

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韩国股市连续两日触发熔断

标签

来源：金十数据快讯发布时间：2026-07-29 11:40:59+08:00检索：全球股市标签：`GLOBAL`, `KOSPI`, Korean equities, 全球股市, equity, 韩国

快讯正文

KOSPI盘中跌超8%并跌破5600点，为连续第二个交易日触发熔断。

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伊朗称拦截3艘违规油轮

标签

来源：金十数据快讯发布时间：2026-07-29 11:16:12+08:00检索：航运/能源安全标签：`GLOBAL`, Oil, Shipping, 航运/能源安全, commodity, 霍尔木兹海峡

快讯正文

伊朗革命卫队称继续掌控霍尔木兹海峡，并击中、拦截3艘无视警告的油轮。

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澳大利亚6月通胀低于预期

标签

来源：金十数据快讯发布时间：2026-07-29 09:53:45+08:00检索：宏观/通胀标签：`GLOBAL`, `AUD`, Australia bonds, 宏观/通胀, macro, 澳大利亚

快讯正文

数据公布后澳元和澳债收益率下跌，澳洲联储8月再次收紧政策的压力减轻。

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SK海力士称AI基础设施投资明年后仍将稳健

标签

来源：金十数据快讯发布时间：2026-07-29 08:51:12+08:00检索：科技/AI反方标签：`SKHY`, `NVDA`, `SOXX`, AI infrastructure, Memory, 科技/AI反方, equity, 全球

快讯正文

公司称客户中长期需求洽谈未显示AI投资削减，效率提升扩大AI服务覆盖。

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美国参议院推进俄伊制裁法案

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来源：金十数据快讯发布时间：2026-07-29 08:45:58+08:00检索：制裁/贸易标签：`GLOBAL`, Oil, Trade, 制裁/贸易, cross_asset, 美国/俄罗斯/伊朗

快讯正文

程序性投票以86比12通过；法案拟对继续购买俄罗斯油气的国家征收100%二级关税，并延长对伊朗制裁。

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WTI原油上涨4%至81.45美元/桶

标签

来源：金十数据快讯发布时间：2026-07-29 06:26:06+08:00检索：能源标签：`GLOBAL`, `WTI`, 能源, commodity, 全球

快讯正文

伊朗向约旦美军基地发射导弹的消息后，WTI涨幅扩大至4%。

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CME：美联储7月按兵不动概率69.5%

标签

来源：金十数据快讯发布时间：2026-07-29 06:02:49+08:00检索：央行/利率标签：`GLOBAL`, `USD`, `UST`, 央行/利率, rates, 美国

快讯正文

7月维持利率不变概率69.5%，加息25bp概率30.5%；到9月累计加息25bp概率56.4%。

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路透调查下调金价预测

标签

来源：金十数据快讯发布时间：2026-07-28 23:34:07+08:00检索：贵金属标签：`GLOBAL`, Gold, 贵金属, commodity, 全球

快讯正文

29位分析师和交易员的2026年金价中位预测降至4509美元/盎司，三个月前为4916美元；央行买盘仍被视为支撑。

事实参考

以下为事实表、数据对照、账户细项与来源口径，默认折叠；需要核对数据时展开。

美股 / ETF / 公开文章事实

美股 / ETF / 公开行情

标的	IBKR 当前价	较前交易日	盘后/收盘后	上一交易日收盘	今日常规收盘
MSFT	397.48	+2.15%	+1.05%	389.10	393.35
NVDA	196.22	-0.15%	-0.40%	196.51	197.01
MRVL	172.20	-8.97%	-1.30%	189.17	174.47
GFS	48.37	-9.04%	-1.33%	53.18	49.02
APLD	26.31	-0.25%	-1.16%	26.38	26.62
USAR	14.18	-5.02%	+0.85%	14.93	14.06
SOXX	482.01	-6.63%	-1.92%	516.23	491.46
SOXL	104.10	-18.77%	-4.97%	128.15	109.54
FTXL	204.00	-9.51%	-4.07%	225.45	212.66
PSI	127.88	-8.28%	-1.16%	139.43	129.38
DRAM	46.39	-11.52%	-2.89%	52.43	47.77
KMEM	14.16	-18.29%	-10.49%	17.33	15.82
VRT	269.98	-6.13%	+0.16%	287.60	269.56
COHR	241.64	-10.94%	-0.69%	271.31	243.33
CRCL	64.14	-2.33%	-0.28%	65.67	64.32
SPCX	115.38	+1.66%	-0.88%	113.50	116.41
GOOG	334.15	+2.32%	+0.47%	326.57	332.60
NBIS	168.60	-10.26%	-0.64%	187.88	169.69

美股事实与文章索引

标的	IBKR 当前价	较前交易日	盘后/收盘后	文章数	数据缺口
MSFT	397.48	+2.15%	+1.05%	8 条	-
NVDA	196.22	-0.15%	-0.40%	8 条	-
MRVL	172.20	-8.97%	-1.30%	8 条	-
GFS	48.37	-9.04%	-1.33%	8 条	-
APLD	26.31	-0.25%	-1.16%	8 条	-
USAR	14.18	-5.02%	+0.85%	8 条	-
SOXX	482.01	-6.63%	-1.92%	8 条	-
SOXL	104.10	-18.77%	-4.97%	8 条	-
FTXL	204.00	-9.51%	-4.07%	8 条	-
PSI	127.88	-8.28%	-1.16%	8 条	-
DRAM	46.39	-11.52%	-2.89%	8 条	-
KMEM	14.16	-18.29%	-10.49%	8 条	-
VRT	269.98	-6.13%	+0.16%	8 条	-
COHR	241.64	-10.94%	-0.69%	8 条	-
CRCL	64.14	-2.33%	-0.28%	8 条	-
SPCX	115.38	+1.66%	-0.88%	8 条	-
GOOG	334.15	+2.32%	+0.47%	8 条	-
NBIS	168.60	-10.26%	-0.64%	8 条	-

入选文章原文与摘要

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美股期货迎战地缘与芯片压力

重要性5/5 高

同日覆盖美联储、MSFT财报、芯片抛售和油价冲击，跨资产相关度与时效性很高。

标签

标的：`KMEM`来源：Yahoo Finance发布日期：2026-07-29重要性：5/5 高评级理由：同日覆盖美联储、MSFT财报、芯片抛售和油价冲击，跨资产相关度与时效性很高。评级依据：timeliness, fact_density原文字数：442

中文摘要

核心结论

美股期货在伊朗恢复袭击、油价上涨和韩国芯片股重挫后暂时企稳；同日美联储决定以及微软、Meta财报使利率与人工智能需求成为盘前两条主要定价线索。

重要性评级

评级：5/5（高）

这是当日盘前跨资产快照，覆盖股指、原油、芯片、MSFT（微软）财报和美联储事件；直播稿会持续更新，部分地缘事实需独立核验。

关键事实

• 标普500指数期货上涨约0.2%，道琼斯指数期货略高于平盘，纳斯达克100指数期货小幅走低。
• 韩国综合股价指数下跌近6%，三星电子和SK Hynix等芯片股承压。
• SK Hynix第二季度利润同比增长557%，但仍低于华尔街预期。
• 微软和Meta将在盘后公布业绩；Alphabet此前的资本开支指引已引发市场对人工智能投入回报的担忧。
• 美国中央司令部称，伊朗周二发动一次“企图突袭”，美伊在周五暂停敌对行动后再度交火。
• 布伦特原油上涨超过3%，交投于每桶85美元附近。
• 美联储决定定于美东时间 07/29 14:00（UTC+8 07/30 02:00）公布，市场倾向于预期利率不变，但报道仍保留加息可能。
• 文章发布于美东时间 07/29 04:20（UTC+8 07/29 16:20），页面标记为实时更新。

作者观点与证据

报道把亚洲芯片股抛售、人工智能支出疑虑和美伊冲突列为盘前压力来源，并用股指期货、韩国指数和油价表现提供市场证据。SK Hynix业绩与美联储预期属于可核实数据；伊朗袭击叙述主要引用美国中央司令部，正文未提供伊朗方面说法。

与相关标的的关系

MSFT和Meta财报直接检验人工智能收入、资本开支及利润兑现。NVDA、ARM、QCOM等芯片标的可能受SK Hynix指引和韩国市场抛售影响。标普500、道琼斯和纳斯达克指数同时面临利率、油价与科技权重股业绩变化。

时效性与限制

实时稿的数字和措辞可能在抓取后变化；当前摘要只反映美东时间 07/29 04:20（UTC+8 07/29 16:20）附近的页面内容。

后续跟踪

• 微软和Meta财报及资本开支指引
• 美联储决定与Kevin Warsh发布会
• 美伊冲突后续及布伦特油价
• 韩国芯片股与美国半导体股的联动

英文原文

Stock market today: Dow, S&P 500, Nasdaq futures steady after Korean stocks fall, Iran resumes attacks

LIVE Updated 29 mins ago

Stock market today: Dow, S&P 500, Nasdaq futures steady after Korean stocks fall, Iran resumes attacks

Grace O'Donnell · Editor, Special Projects

Wed, July 29, 2026 at 4:20 PM GMT+8 2 min read

• ^KS11

-5.98%

• SKHY

-8.98%

• ^GSPC

+0.21%

• ^DJI

+1.03%

• ^IXIC

-0.22%

US stock futures found a footing on Wednesday after Iran launched surprise attacks against the US, lifting oil prices, and South Korea's benchmark index got hammered again, pointing to continued selling pressure in US chip stocks at the open.

S&P 500 futures ( ES=F ) edged up 0.2%, while those on the Dow Jones Industrial Average ( YM=F ) hovered above the flat line. Contracts for the tech-heavy Nasdaq-100 ( NQ=F ) were slightly lower after investors in Asia again dumped chip stocks like Samsung ( 005930.KS ) and SK Hynix ( 000660.KS , SKHY ), driving the KOSPI Composite ( ^KS11 ) to a nearly 6% loss.

SK Hynix's second quarter profit rose by 557% year over year, the company reported after the US market close on Tuesday. That was less than Wall Street expected, prompting concerns that the artificial intelligence boom may be slowing.

Two "Magnificent Seven" earnings results stand as the other big catalyst for the AI trade, with reports from Microsoft ( MSFT ) and Meta ( META ) dropping after the bell. It could be a make-or-break moment for tech stocks after Alphabet's ( GOOG , GOOGL ) capital expenditure guidance last week spooked markets, resurfacing fears about the AI boom's sustainability.

In the Middle East conflict, Iran launched an "attempted surprise attack" on Tuesday, according to US Central Command, reengaging fighting between the US and Iran for the first time since a pause in hostilities on Friday. Oil prices jumped, with Brent crude ( BZ=F ) gaining over 3% to trade near $85 per barrel.

The strikes come ahead of the Federal Reserve's interest rate decision at 2:00 p.m. ET, a pivotal moment when the central bank either holds rates steady or raises them for the first time in three years. Traders' expectations lean toward the Fed keeping rates unchanged, but persistently high inflation and Chairman Kevin Warsh's measures to clamp down on Fed communications have left the door open for a hike.

Aside from the Big Tech updates, markets will be treated to a slew of quarterly updates from consumer-facing companies, including Procter & Gamble ( PG ), Starbucks ( SBUX ), and Chipotle Mexican Grill ( CMG ). Investors will also be on the lookout for Qualcomm ( QCOM ) and Arm Holdings ( ARM ) results after the bell.

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美联储决议与科技财报同日交汇

重要性5/5 高

当日货币政策与科技财报直接影响MSFT及大盘定价，但原文日程不完整。

标签

标的：`MSFT`来源：The Wall Street Journal发布日期：2026-07-29重要性：5/5 高评级理由：当日货币政策与科技财报直接影响MSFT及大盘定价，但原文日程不完整。评级依据：timeliness, source_quality原文字数：107

中文摘要

核心结论

07/29的市场日程同时聚焦美联储利率决定、主席发布会和多家公司财报，货币政策与企业业绩将共同影响当日风险定价。

重要性评级

评级：5/5（高）

决议和财报均属当日事件，直接关联MSFT（微软）及多个美股行业；但原文被截断，只能用于确认部分日程。

关键事实

• FOMC（联邦公开市场委员会）利率决定定于美东时间 07/29 14:00（UTC+8 07/30 02:00）公布。
• 美联储主席Kevin Warsh定于美东时间 07/29 14:30（UTC+8 07/30 02:30）举行发布会。
• 盘前财报名单包括宝洁、Humana、L3Harris、Biogen、通用动力、Teva Pharmaceuticals和空中客车。
• 元数据还列出微软、Meta、亚马逊、苹果、高通、Arm、星巴克和Coinbase等相关公司。
• 文章发布于美东时间 07/29 04:04（UTC+8 07/29 16:04）。

作者观点与证据

文章提供事件日历，没有展开利率预期、财报预测或情景分析。可核实信息限于决议、发布会和部分财报名单。

与相关标的的关系

MSFT将在科技财报密集期直接受到业绩和指引检验；其余相关标的可能通过利率变化、行业财报和风险偏好产生联动。原文未给出各公司的具体发布时间与预期数据。

时效性与限制

抓取正文在盘后财报名单处中断，日程明显不完整；后续事件时间和名单需以公司公告及官方日历复核。

后续跟踪

• FOMC决议措辞与主席发布会表态
• 微软及其他大型科技公司的业绩和资本开支指引
• 消费、医疗和国防企业的需求与利润率变化

英文原文

Tech Earnings, Fed Meeting: What to Watch the Rest of the Week

Tech Earnings, Fed Meeting: What to Watch the Rest of the Week

Tech Earnings, Fed Meeting: What to Watch the Rest of the Week · The Wall Street Journal · David Paul Morris/Bloomberg News

The Wall Street Journal

Wed, July 29, 2026 at 4:04 PM GMT+8 1 min read

• PG

+0.17%

• HUM

+1.98%

• BIIB

+2.73%

• GD

+1.04%

• TEVA

+1.90%

Today Federal Reserve meeting: Fed Chairman Kevin Warsh will hold a press conference at 2:30 p.m. ET, following the FOMC interest-rate decision at 2 p.m. Earnings (a.m): Procter & Gamble, Humana, L3Harris, Biogen, General Dynamics, Teva Pharmaceuticals, Airbus Earnings (p.

Continue Reading

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亚洲人工智能交易遭遇集中抛售

重要性5/5 高

报道时效强、事实密度高，同时覆盖科技股、原油、美元和美联储预期，是跨资产日报的优先材料。

标签

标的：`GOOG`, `MSFT`来源：Reuters发布日期：2026-07-29重要性：5/5 高评级理由：报道时效强、事实密度高，同时覆盖科技股、原油、美元和美联储预期，是跨资产日报的优先材料。评级依据：timeliness, evidence_strength, source_quality, fact_density原文字数：734

中文摘要

核心结论

亚洲科技股抛售加深，市场同时重估人工智能资本开支回报与中东冲突引发的能源通胀。微软、Meta 财报和美联储决议成为风险偏好的近期检验点。

重要性评级

评级：5/5（高）

路透社报道覆盖亚洲股市、芯片股、油价、利率预期和美元，并给出多项盘中数据，与跨资产日报高度相关。

关键事实

• 韩国 KOSPI（韩国综合股价指数）继前一日下跌逾 10%后再跌逾 11%，回到 4 月初以来低位；该指数截至 6 月的过去 12 个月曾上涨逾一倍。
• 台湾股市下跌 5%，日经指数跌 2.6%，日本以外亚太 MSCI（明晟）指数跌逾 2.45%；恒生指数逆势上涨 1.4%。
• SK Hynix（韩国存储芯片厂商）季度营业利润增长逾六倍但未达高预期，股价下跌 9%。
• 纳斯达克期货下跌 0.7%，欧洲期货下跌 0.6%。
• 布伦特原油上涨逾 3%至每桶 87.19 美元，WTI（西德克萨斯中质原油）上涨逾 3%至 82.08 美元。
• 市场对美联储加息的定价概率为 33%，美元接近一个月高位。
• 微软和 Meta 财报将检验巨额人工智能资本开支能否转化为回报；市场还担忧大型科技公司之间的循环融资削弱真实需求可见度。

作者观点与证据

文章把抛售归纳为人工智能估值、资本开支回报和能源通胀三条压力线。市场归因来自价格数据和多位机构人士评论；企业人工智能投资的实际回报仍需等待财报验证。

与相关标的的关系

MSFT、META 和 GOOG 处在资本开支回报重估中心；SKHY 对存储芯片预期最敏感；油价、美元及纳斯达克指数体现风险向能源和利率渠道扩散。TSLA 仅作为此前负现金流引发担忧的例子。

后续跟踪

• 微软与 Meta 的人工智能收入、资本开支及现金流
• 美联储利率决定与通胀措辞
• 霍尔木兹海峡通行和原油供应
• 亚洲芯片股的盈利预期下修幅度

英文原文

Asian stock rout deepens as AI worries grip markets

Asian stock rout deepens as AI worries grip markets

By Ankur Banerjee

Wed, July 29, 2026 at 1:20 PM GMT+8 4 min read

• CL=F

+3.60%

• SKHY

-8.98%

• GOOG

+1.85%

• ^IXIC

-0.22%

• MSFT

+1.09%

By Ankur Banerjee

SINGAPORE, July 29 (Reuters) - Asian stocks sank on Wednesday, extending a vicious selloff as anxiety about AI valuations and whether the massive spending will deliver returns rattled investors ahead of crucial earnings from big tech firms and a U.S. Federal Reserve policy decision.

Oil prices jumped ‌after fresh attacks in the Middle East shattered the relative calm of recent days in the U.S.-Iran war as investors fret about the impact of ‌depleting supplies on prices and global rates.

Asian chipmakers have been at the epicentre of this year's AI-driven rally and, more recently, investor concerns about its staying power, sparking sharp market swings.

South Korea's KOSPI, which had ​more than tripled over 12 months to June, sank over 11% to its lowest level since early April, after dropping more than 10% on Tuesday. Taiwan stocks fell 5% while Japan's Nikkei slid 2.6% as the rout deepened across the region.

That left MSCI's broadest index of Asia-Pacific shares outside Japan down over 2.45% after shedding 3.6% on Tuesday.

Shares of SK Hynix fell 9% as investors digested earnings that showed the chipmaker increased quarterly operating profit more than sixfold but missed lofty expectations.

"SK Hynix delivered strong results, but in today's AI ‌market, strong is no longer enough," said Gary Tan, portfolio ⁠manager at Allspring Global Investments.

"Investors were looking for additional catalysts, particularly around long-term agreements and shareholder returns, to support a memory sector that has become the epicentre of the AI trade," Tan added.

Earnings from the "Magnificent Seven" members Microsoft and Meta later in the day ⁠will be a key test of the AI trade, particularly after Alphabet and Tesla spooked investors last week with negative cash flow reports.

"This round of earnings would need to prove that the huge capital expenditure has paid off else we may see the market drag further," said Sean Teo, sales trader at Saxo in Singapore.

Teo also said investors are now getting wary of ​circular ​financing where a handful of companies are investing into each other in somewhat of a closed ​loop where organic demand becomes unclear.

Nasdaq futures fell 0.7% in Asian ‌hours while European futures slid 0.6% as the selling appeared to spread to other regions. Hong Kong's Hang Seng index bucked the trend and was up 1.4%.

OIL JUMPS AHEAD OF FED MEETING

Brent futures jumped over 3% to $87.19 per barrel while U.S. West Texas Intermediate (WTI) crude rose more than 3% to $82.08 after U.S. Central Command said Iran had launched multiple ballistic missiles that were successfully intercepted.

Story Continues

"The latest attack highlights that the two sides remain a long way from resolving the core dispute of passage through the Strait of Hormuz that caused the earlier MOU to collapse," said Tony Sycamore, market analyst at IG.

Iran effectively shut the key waterway to ships other than its own after ‌the U.S. and Israel launched strikes on February 28. A deal last month between Washington and ​Tehran partially reopened it, but the agreement collapsed in early July after Iran fired on ships using ​a channel it had not approved.

That has again put inflation pressures in ​the spotlight ahead of the Federal Reserve's policy decision due later on Wednesday. The U.S. central bank is seen as more likely ‌to leave interest rates steady even as a growing number of ​its policymakers fret openly about inflation.

The decision remains ​unusually hard to call under the no-guidance regime adopted by the new Fed Chair Kevin Warsh, with traders pricing in a 33% chance of a hike. The U.S. dollar was perched near a one-month high ahead of the decision. [FRX/]

"We think the market may once again be underestimating the extent of the ​hawkish shift at the Fed, and that the (for now) moderate ‌increase in energy prices may tip an already finely balanced meeting in favour of a hike this week," said Frank Flight, head of macro ​strategy at Citadel Securities.

"We acknowledge that it is a close call, but we now see a rate hike at the July meeting," Flight said.

(Reporting ​by Ankur Banerjee in Singapore; Editing by Shri Navaratnam, Kate Mayberry and Saad Sayeed)

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Applied Digital租约扩张与重资产兑现

重要性5/5 高

两日内发布的一手财报，直接覆盖APLD经营、租约、融资与投运进展，并对CHRN和CRWV存在明确关联。

标签

标的：`APLD`, `CHRN`, `CRWV`来源：Applied Digital发布日期：2026-07-27重要性：5/5 高评级理由：两日内发布的一手财报，直接覆盖APLD经营、租约、融资与投运进展，并对CHRN和CRWV存在明确关联。评级依据：07/27发布，时效性高, 与APLD、CHRN、CRWV直接相关, 公司原始财报，事实密度高, 包含财务、合同、融资和产能证据原文字数：8494

中文摘要

核心结论

Applied Digital（大型计算数据中心开发运营商）2026财年第四季度收入同比增长407%至2.587亿美元，高性能计算托管开始贡献规模收入；同期归属普通股股东净亏损扩大至1.106亿美元。三份新增长期租约把已签约关键IT负载推至约1.41吉瓦，基础期合同收入约360亿美元，后续兑现取决于建设交付、融资能力和客户集中度。

重要性评级

评级：5/5（高）

这是07/27发布的APLD一手财报，包含财务结果、租约、融资、投运容量和资产负债表数据，与APLD、CHRN及CRWV直接相关，信息密度与时效性均高。

关键事实

• 财报发布于美东时间 07/27 16:05（UTC+8 07/28 04:05），覆盖截至05/31的2026财年第四季度及全年。
• 第四季度收入2.587亿美元，同比增长407%；归属普通股股东净亏损1.106亿美元，摊薄及基本每股亏损0.39美元。全年收入6.113亿美元，同比增长167%；净亏损2.492亿美元，每股亏损0.91美元。
• 第四季度调整后收入2.404亿美元、调整后净利润1,290万美元、调整后EBITDA（息税折旧摊销前利润）4,240万美元，净营业收入3,990万美元；这些非GAAP（非美国公认会计准则）指标排除了ChronoScale的业绩。
• 高性能计算托管业务季度收入2.030亿美元，其中基础租金4,410万美元、租户装修服务1.524亿美元、租户费用回收650万美元；分部营业利润2,620万美元。
• 公司与同一家高投资级超大规模客户新增三份15年照付不议租约，容量分别为300兆瓦、300兆瓦和210兆瓦，基础期合同收入合计约202亿美元；前两项预计2027年启动，第三项预计2028年上半年启动。
• 截至05/31，公司五个园区累计签约约1,410兆瓦关键IT负载，15年基础期合同收入约360亿美元；若全部续约选择权执行，合同收入约860亿美元。Polaris Forge 1已有175兆瓦投运，另有约1.7吉瓦容量处于市场推介阶段。
• 公司完成云服务业务分拆，并持有上市公司ChronoScale约96%股权。CoreWeave相关租约增设无条件触发担保及5,000万美元信用证；另一栋楼的租约转让仍以CoreWeave取得投资级评级为条件。
• 截至05/31，公司持有现金、现金等价物及受限现金42亿美元，债务50亿美元；近期完成21.5亿美元、票息6.750%的2031年到期担保票据，以及15.9亿美元、票息7.000%的2031年到期担保票据。

作者观点与证据

管理层把重复获得大型客户租约、按期交付175兆瓦容量以及约360亿美元基础期合同收入视为数据中心平台获得认可的证据。财报数据确认了租约规模和首批容量投运，但约202亿美元新增合同收入将在2027年至2028年开始运营后逐步兑现；1.7吉瓦推介容量尚未形成已签约收入。季度GAAP净亏损与调整后盈利之间差异较大，调整口径还剔除了仍被合并报表纳入的ChronoScale，盈利判断需结合对账项目。

与相关标的的关系

• APLD：营收增速、建设进度、资本结构、租约兑现和大客户集中度直接影响其数据中心资产价值与现金流质量。
• CHRN：APLD持股约96%，其业绩仍并入GAAP报表，但从APLD披露的非GAAP指标中剔除，造成两套口径差异。
• CRWV：CoreWeave租约的担保和信用证增强合同保障；Building 4租约转让仍受投资级评级条件约束。

时效性与限制

材料由公司发布，租约收入、建设日期、续约价值及融资计划含前瞻性陈述。已签约收入不等同于当期确认收入，后续仍受建设成本、按期交付、电力供应、再融资和主要客户履约影响。

后续跟踪

• Polaris Forge 1后续楼宇及其余四个园区的投运时间、预算与租金确认。
• 基础租金在高性能计算托管收入中的占比，以及装修服务收入退出后的利润结构。
• 50亿美元债务对应的利息负担、项目融资进度和受限现金变化。
• ChronoScale分拆后的持股变化、独立经营表现及与APLD合并口径的差异。

英文原文

Applied Digital Reports Fiscal Fourth Quarter and Full Year 2026 Results

Applied Digital Reports Fiscal Fourth Quarter and Full Year 2026 Results

July 27, 2026 4:05pm EDT

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DALLAS, July 27, 2026 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the Company") , a U.S.-based designer, developer, owner, and operator of large-scale, purpose-built data centers engineered to support high-performance computing (“HPC”) workloads, including artificial intelligence (“AI”), machine learning, and other accelerated-compute applications, reported financial results for the fiscal fourth quarter ended May 31, 2026. The Company also provided operational updates.

During the quarter, the Company completed the separation of its Cloud Services Business in a series of transactions that resulted in the Company owning approximately 96% of the issued and outstanding equity of ChronoScale Holdings Corporation, f/k/a ChronoScale Corporation ("ChronoScale") as of the end of the fiscal year. ChronoScale, a public company, owns and operates our historic cloud services business and is consolidated into our financial statements, but excluded from the non-GAAP financial measures set forth below. Unless otherwise specified, disclosures in this earnings release, including the below, reflect continuing operations only.

Fiscal Fourth Quarter 2026 Financial Highlights

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Revenues: $258.7 million, up 407% from the prior year comparable period

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Net loss attributable to common stockholders: $110.6 million, down 108% from the prior year comparable period

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Net loss attributable to common stockholders per basic and diluted share: $0.39, up 63% from the prior year comparable period

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Adjusted revenue: $240.4 million

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Adjusted net income: $12.9 million

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Adjusted net income per diluted share : $0.04

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Adjusted EBITDA: $42.4 million

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Net Operating Income: $39.9 million

Fiscal Year 2026 Financial Highlights

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Revenues: $611.3 million, up 167% from the prior year comparable period

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Net loss attributable to common stockholders: $249.2 million, down 7% from the prior year comparable period

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Net loss attributable to common stockholders per basic and diluted share: $0.91, down 22% from the prior year comparable period

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Adjusted revenue: $539.7 million

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Adjusted net income: $36.1 million

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Adjusted net income per diluted share: $0.11

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Adjusted EBITDA: $107.2 million

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Net Operating Income: $90.4 million

Adjusted revenue, Adjusted net income (loss) , Adjusted net income (loss) per diluted share , Adjusted EBITDA, and Net Operating Income are non-GAAP measures. A reconciliation of each of these Non-GAAP Measures to the most directly comparable financial measure presented in accordance with accounting principles generally accepted in the United States (“GAAP”) is set forth below. These non-GAAP measures exclude the results of ChronoScale. See “ Reconciliation of GAAP to Non-GAAP Measures. ”

Recent Highlights

• Signed a 15-year take-or-pay lease with a new U.S. based, high investment-grade hyperscaler for 300 megawatts ("MW") of critical IT load at Delta Forge 1, a new AI Factory campus in Boyce, Louisiana. The lease provides for approximately $7.5 billion in base-term contracted revenue, with initial operations expected to commence calendar year 2027.

• Signed a second 15-year take-or-pay lease with the same high investment-grade hyperscaler for 300 MW at Polaris Forge 3, which provides for approximately $7.5 billion in base-term contracted revenue, with initial operations expected to commence during calendar year 2027.

• Completed a $2.15 billion private offering of 6.750% Senior Secured Notes due 2031 (issued at 98% of par) through its subsidiary APLD ComputeCo 2 LLC. Proceeds will fund development of 200 MW of critical IT load at Polaris Forge 2 in Harwood, North Dakota.

• Closed a revolving credit facility of up to $550 million ($350 million committed + $200 million accordion), arranged by Goldman Sachs and maturing in May 2029, to support pre- and post-lease development across campuses.

• Enhanced credit quality on existing CoreWeave leases through a restructured SPV subsidiary, unconditional springing guarantees from CoreWeave, Inc., and a $50 million letter of credit. These changes followed CoreWeave’s investment-grade A3-rated refinancing and provide additional security for the Company’s 9.250% Senior Secured Notes due 2030.

• Closed a $300 million senior secured bridge facility led by Goldman Sachs to support development of the fourth building (150 MW) at Polaris Forge 1 (which has been repaid with the proceeds from the Senior Secured Notes Offering described below).

• Completed the separation of our cloud services business, combining it with Ekso Bionics Holdings, Inc. to form ChronoScale (Nasdaq: CHRN), an independent publicly traded accelerated-compute platform. Applied Digital currently owns approximately 96% of ChronoScale.

Subsequent to the Quarter

• Signed a third 15-year take-or-pay lease with the same high investment-grade hyperscaler for 210 MW at Delta Forge 2 (fifth AI Factory campus, third consecutive with this customer) in a new southern state. The lease provides for approximately $5.2 billion in base-term contracted revenue, with initial operations expected in the first half of calendar 2028.

• Entered a Memorandum of Understanding with CoreWeave to assign the Building 4 lease at Polaris Forge 1 to a CoreWeave subsidiary upon achieving an investment-grade credit rating.

• Closed $1.59 billion of 7.000% Senior Secured Notes due 2031 (issued at par) through our subsidiary APLD ComputeCo 3 LLC. Proceeds from this offering were used to repay the $300 million bridge facility and will fund the construction of the fourth building (150 MW), at Polaris Forge 1.

• Upsized the revolving credit facility, bringing the total committed amount to $430 million, with an additional $120 million accordion remaining.

• Achieved Ready for Service for Phase 1 of Building 2 (75 MW) at Polaris Forge 1 on schedule, bringing total live capacity at the campus to 175 MW.

Management Commentary

This was a defining quarter for Applied Digital, capping a defining year. Since the end of last quarter, we have signed three new leases — at Delta Forge 1, Polaris Forge 3, and Delta Forge 2 — all with the same high investment-grade hyperscaler and each in a different state. Delta Forge 1 and Polaris Forge 3 each provides for approximately $7.5 billion in base-term contracted lease revenue, while Delta Forge 2 adds approximately $5.2 billion. Together, these deals represent roughly $20 billion in long-term contracted revenue from a single, world-class customer that has now chosen us three times in a row.

With these agreements, we have secured 1.4 gigawatts ("GW") of contracted critical IT load, representing approximately $36 billion in total contracted lease revenue — or approximately $86 billion if all renewal options are exercised. We are building five multibillion-dollar AI Factory campuses for two hyperscalers and CoreWeave— a scale that we believe speaks to both the quality of our platform and the trust these customers place in our ability to execute.

“Nearly three years ago, we made a deliberate decision to build a company that scales, not just a company that builds data centers,” said Wes Cummins, Chairman and Chief Executive Officer of Applied Digital. “We call it our franchise model — a core team of design, construction, and operations professionals replicated across every campus, in each market. Combined with our proven supply chain and design approvals from every major hyperscaler, we believe this repeatable, differentiated platform is why we have emerged as one of the clear leaders in AI infrastructure.”

“We believe delivering on time is a genuine differentiator in this industry,” Cummins continued. “We brought Polaris Forge 1’s first 100 MW online on schedule and have now scaled total live capacity at the campus to 175 MW. We’re not just securing power — we’re turning it into operational AI capacity.”

Beyond the contracted portfolio and the approximately 1.4 GW already under construction, Applied Digital is actively marketing an additional 1.7 GW of capacity across multiple states, we see as underscoring robust demand for its AI Factories.

To fuel sustainable expansion, the Company is advancing a strategic power initiative. Applied Digital is working with Base Electron Corp., an independent power producer who has engaged Babcock & Wilcox to develop approximately 1.2 GW of front-of-the-meter natural gas-fired generation in the Dakotas, in collaboration with regional utilities. Applied Digital shareholders own approximately 10% of Base Electron Corp. through our investment in Base Electron. This deepens access to abundant, reliable, low-cost power — a critical competitive advantage for both existing campuses and future growth.

“We are still in the early innings of what we believe will likely be the largest buildout of critical infrastructure in modern economic history,” Cummins added. “We see demand for high-power-density, purpose-built AI data centers remaining extremely robust. Our approach is simple: Do it the right way. For customers, that means delivering high-quality, GPU-ready facilities on time. For communities, it means creating lasting economic value. When we do right by both, our shareholders win over the long term.”

Cummins also pointed to the continued strength of the Company’s Data Center Hosting business: “Our Data Center Hosting business, which operates 286 MW for bitcoin mining across our two North Dakota sites, remains the highest return-on-assets business in the company. We are paid based on the data center capacity provided to our customer, so as long as they are mining, we are paid regardless of where the price of bitcoin trades — which makes this a steady, high-margin source of cash flow.”

The Company also completed the separation of its cloud services business during the quarter and currently owns approximately 96% of ChronoScale, a public company trading on Nasdaq under the symbol “CHRN.” ChronoScale has continued to build out its leadership team, including the appointments of Raj Jegannathan, previously a Vice President at Tesla, as Chief Technology Officer, and Lawrence Lam, who brings more than twenty years scaling global cloud and AI platforms at companies including Supermicro, as Chief Product Officer.

HPC Hosting Update

Applied Digital's HPC Hosting Business designs, builds, and operates next-generation, purpose-built AI Factory data centers. As of May 31, 2026, the Company had executed long-term leases representing approximately 1,410 MW of contracted critical IT load across five campuses — Polaris Forge 1, 2, and 3 in North Dakota and Delta Forge 1 and 2 in Louisiana and another southern state — representing approximately $36 billion of total contracted revenue over the initial 15-year base lease terms, or approximately $86 billion if all renewal options are exercised.

The first 100 MW data center at Polaris Forge 1 became operational in October 2025, and the Company delivered Phase 1 of Building 2 (75 MW) on June 30, 2026, bringing the total live capacity at the campus to 175 MW. Additional buildings at Polaris Forge 1, along with Polaris Forge 2, Polaris Forge 3, Delta Forge 1, and Delta Forge 2, are in various stages of construction.

Revenue from our HPC Hosting business totaled $203.0 million for the quarter, including $44.1 million related to base rent, $152.4 million related to tenant fit-out services, and $6.5 million related to tenant recoveries. This resulted in $26.2 million of segment operating profit for the quarter ended May 31, 2026.

Data Center Hosting Update

Applied Digital’s Data Center Hosting Business operates data centers to provide energized space to crypto mining customers. As of May 31, 2026, the Company’s 106 MW facility in Jamestown, ND, and 180 MW facility in Ellendale, ND, were operating at full capacity.

During the three months ended May 31, 2026, the Company generated $37.3 million in revenue from the Data Center Hosting Business segment, compared to $38.0 million during the three months ended May 31, 2025. The results were materially consistent year over year due to stable operating conditions across the Company’s data center hosting facilities.

We are very pleased with our Data Center Hosting Business, which generated $12.5 million in segment operating profit for the three months ended May 31, 2026 on $113.8 million in reported assets at the end of the period.

Cloud Services Business Update

On May 5, 2026, we completed the separation of our cloud services business, combining it with Ekso Bionics Holdings, Inc. to form ChronoScale Holdings Corporation, an independent, publicly traded accelerated-compute platform that is trading on the Nasdaq Capital Market under the symbol "CHRN." Applied Digital currently owns approximately 96% of ChronoScale.

We consider the Data Center Hosting Business and the HPC Hosting Business to represent our core operations for long-run strategic and performance evaluation purposes as we evolve into a pure-play data center platform moving forward. Accordingly, although we consolidate ChronoScale’s financial results as our majority owned subsidiary, we excluded the results of ChronoScale, including its cloud services business, in our Non-GAAP results presented herein. See “ Reconciliation of GAAP to Non-GAAP Measures. ”

Financial Results from Operations for Fiscal Fourth Quarter 2026

Operating Results

Services revenue in the fiscal fourth quarter 2026 was $208.2 million compared to $51.1 million, up 308% from the fiscal fourth quarter 2025. The growth was primarily driven by revenue of approximately $152.4 million related to tenant fit-out services within our HPC Hosting Business, which we began providing during the fiscal year ended 2026.

Data center rental and other revenue in the fiscal fourth quarter 2026 was $50.6 million as the first HPC data center at our Polaris Forge 1 campus was fully operating during the current quarter. This revenue consisted of $44.1 million related to base rent, and $6.5 million related to tenant recoveries.

Services cost of revenues in the fiscal fourth quarter 2026 were $193.1 million compared to $54.2 million, up 256% from the fiscal fourth quarter 2025. This increase was primarily driven by an increase of $145.6 million in expenses associated with tenant fit-out services for our HPC Hosting Business.

Data center rental and other cost of revenues in the fiscal fourth quarter 2026 were $25.1 million. Data center rental and other cost of revenue included approximately $14.1 million in depreciation and amortization expense on our first HPC data center at our Polaris Forge 1 campus, $6.4 million in expenses which are reimbursable as tenant recoveries, and $4.5 million in personnel and other expenses directly supporting revenue.

Selling, general and administrative expenses in the fiscal fourth quarter 2026 were $165.3 million compared to $41.0 million, up 303% from the fiscal fourth quarter of 2025 driven by the Company’s overall business growth. This increase was primarily due to increases of $116.8 million in stock based compensation due to accelerated vesting of certain employee stock awards as well as grant activity associated with separation of the cloud services business and the increase in headcount, $7.3 million in personnel expenses related to the increase in headcount, and $5.6 million in professional service expense primarily related to legal services provided on discrete transactions and projects, as well as general support of the business. These increases were partially offset by a decrease of $5.4 million in other selling, general, and administrative expense such as travel, computer and software expenses.

Interest expense, net in the fiscal fourth quarter 2026 was $10.6 million compared to $8.5 million, up 26%, from the fiscal fourth quarter 2025. As we entered into new debt arrangements during the current fiscal year, there was an increase of $31.9 million in interest expense. The increase in expense was partially offset by an increase of $30.5 million in interest income due to larger balances of funds held in interest-bearing demand deposit accounts.

Gain on change in fair value of derivatives was $53.3 million for the three months ended May 31, 2026, due to an increase of $69.9 million in the fair value of our Babcock & Wilcox Enterprises, Inc. (“B&W”) common stock warrant which was partially offset by a decrease of $16.7 million in the fair value of the derivative assets related to the preferred units and corresponding common units held by APLD HPC TopCo 2’s noncontrolling interest.

Gain on change in fair value of investment was $4.8 million for the three months ended May 31, 2026, due to the increase in the fair value of our investment in B&W common stock.

Net loss from discontinued operations was $1.0 million for the three months ended May 31, 2026 and represents the income statement activity related to the Ekso business at ChronoScale which was classified as held for sale and discontinued operations during the fiscal fourth quarter 2026.

Net loss from continuing operations attributable to common stockholders for the fiscal fourth quarter 2026 was $110.6 million, or $0.39 per basic and diluted share. This compares to a net loss attributable to common stockholders from continuing operations of $53.1 million, or $0.24 per basic and diluted share for the fiscal fourth quarter of 2025.

Adjusted revenue, a non-GAAP financial measure, was $240.4 million for the fiscal fourth quarter 2026 compared to $38.0 million for the fiscal fourth quarter of 2025.

Adjusted net income, a non-GAAP financial measure, was $12.9 million, or $0.04 per diluted share for the fiscal fourth quarter 2026. This compares to an adjusted net loss, a non-GAAP financial measure, of $7.6 million, or $0.03 per diluted share, for the fiscal fourth quarter of 2025.

Adjusted EBITDA, a non-GAAP financial measure, was $42.4 million for the fiscal fourth quarter 2026 compared to an Adjusted EBITDA of $1.0 million for the fiscal fourth quarter 2025.

Net Operating Income, a non-GAAP financial measure, was $39.9 million for the fiscal fourth quarter 2026.

Financial Results for Fiscal Year Ended May 31, 2026

Services revenue increased $270.0 million, or 119%, from $226.6 million for the fiscal year ended May 31, 2025 to $496.6 million for the fiscal year ended May 31, 2026. Our HPC Hosting Business commenced operations at our first HPC data center at our Polaris Forge 1 campus resulting in the recognition of approximately $270.6 million related to tenant fit-out services. Additionally, there was an increase of $12.1 million in revenue generated by our Data Center Hosting Business due to performance improvements compared to the fiscal year ended May 31, 2025. These increases were partially offset by a decrease of $12.4 million in revenue generated from ChronoScale primarily due to a reduction in rates for cloud services.

Data center rental and other revenue was $114.7 million for the fiscal year ended May 31, 2026, which is the period during which our HPC Hosting Business commenced operations. This revenue consisted of approximately $99.8 million related to base rent and $14.9 million related to tenant recoveries.

Services cost of revenues increased by $180.1 million, or 83%, from $216.8 million for the fiscal year ended May 31, 2025 to $396.9 million for the fiscal year ended May 31, 2026. The increase was primarily due to $258.1 million in expenses associated with tenant fit-out services for our HPC Hosting Business which we began providing during the current fiscal year. This increase was partially offset by decreases of approximately $62.3 million in depreciation and amortization expense and $17.2 million in lease and related expense primarily due to the renegotiations of certain of our leases during fiscal year ended May 31, 2026, as well as due to the Cloud Services Business (one of our three operating business segments at the time) being classified as held for sale until February 15, 2026, which resulted in decreased depreciation and amortization recorded.

Data center rental and other cost of revenue was $56.8 million for the fiscal year ended May 31, 2026, which is when we commenced our data center rental operations within our HPC Hosting Business. The primary components of data center rental and other cost of revenue include approximately $32.2 million in depreciation and amortization expenses associated with our HPC Hosting Business, $14.9 million in expenses which are reimbursable as tenant recoveries, $8.5 million in rental property operating expenses, which are not eligible for recovery from our tenant, $0.7 million in property insurance expenses associated with our HPC Hosting Business, and $0.2 million in property tax expenses associated with our HPC Hosting Business.

Selling, general and administrative expense increased by $224.2 million, or 208%, from $107.9 million for the fiscal year ended May 31, 2025 to $332.1 million for the fiscal year ended May 31, 2026. The increase was primarily due to the overall growth in the business, with a $198.3 million increase in stock-based compensation primarily due to an increase in grant activity related to the separation of the cloud services business, the increase in headcount and performance stock awards granted during the fiscal year ended May 31, 2026 compared to the fiscal year ended May 31, 2025, $16.0 million increase in professional service expenses primarily related to legal services provided on discrete transactions and projects as well as general support of the business, $15.4 million increase in personnel expenses driven by increases in headcount to support the business, and $6.2 million increase in other selling, general, and administrative expense primarily related to travel, computer and software expenses. These increases were partially offset by a decrease of $11.7 million in lease and related expenses and depreciation and amortization expense, primarily due to the renegotiations of certain of our leases during the fiscal year ended May 31, 2026.

Loss (gain) on classification of held for sale changed by $84.3 million, or 342%, from a gain of $24.6 million for the fiscal year ended May 31, 2025 to a loss of $59.7 million for the fiscal year ended May 31, 2026. The loss during the fiscal year ended May 31, 2026 was primarily due to the write down of the Cloud Services Business assets to carrying value as of February 15, 2026 when it no longer qualified as held for sale. Comparatively, the gain during the fiscal year ended May 31, 2025 was due to the sale of our former Garden City facility.

Interest expense, net decreased $2.6 million, or 8%, from $32.1 million for the fiscal year ended May 31, 2025 to $29.5 million for the fiscal year ended May 31, 2026. As we entered into more debt arrangements during the current fiscal year, there was an increase of $53.3 million in interest expense. The increase in expense was partially offset by an increase of $52.6 million in interest income due to larger balances of funds held in interest-bearing demand deposit accounts.

Gain on change in fair value of derivatives was $75.8 million for the fiscal year ended May 31, 2026, due to an increase of $89.2 million in fair value of our Babcock & Wilcox Enterprises, Inc. (“B&W”) common stock warrant partially offset by a decrease of $13.3 million in fair value of the derivative assets related to the preferred units and corresponding common units held by APLD HPC TopCo 2’s noncontrolling interest.

Gain on change in fair value of investments was $10.8 million for the fiscal year ended May 31, 2026, due to an increase of $8.8 million in fair value of our investment in B&W common stock and an increase of $2.0 million in fair value of our investment in Base Electron, a related party.

Loss on conversion of debt was $33.6 million for the fiscal year ended May 31, 2025, due to the difference in the fair value compared to the price at which the promissory notes, totaling $92.1 million, entered into with YA II PN, LTD in the year ended May 31, 2024 (the “YA Notes") were converted. There was no such loss recorded in the current fiscal year.

Loss on change in fair value of debt was $85.4 million for the fiscal year ended May 31, 2025, primarily due to a loss of approximately $89.6 million related to the change in fair value of the conversion option derivative of the Convertible Notes during the two week period in which we did not have sufficient authorized shares to settle such conversion fully in shares, which was partially offset by a gain of approximately $4.1 million related to the change in the fair value of the YA Notes.

Net loss from discontinued operations was $1.0 million for the fiscal year ended May 31, 2026 and represents the income statement activity related to the Legacy Ekso business at ChronoScale classified as held for sale and discontinued operations.

Net loss from continuing operations attributable to common stockholders was $249.2 million, or $0.91 per basic and diluted share, for the fiscal year ended May 31, 2026. This compares to a net loss attributable to common stockholders from continuing operations of $233.7 million, or $1.16 per basic and diluted share, for the fiscal year ended May 31, 2025.

Net loss from discontinued operations attributable to common stockholders for the fiscal year ended May 31, 2026 was $1.0 million. There was no such activity in the prior fiscal year.

Adjusted revenue, a non-GAAP financial measure, was $539.7 million for the fiscal year ended May 31, 2026 compared to $144.2 million for the fiscal year ended May 31, 2025.

Adjusted net income from continuing operations attributable to common stockholders, a non-GAAP financial measure, was $36.1 million or $0.11 per diluted share for the fiscal year ended May 31, 2026. This compares to an adjusted net loss attributable to common stockholders of $12.5 million, or $0.06 per basic and diluted share, for the fiscal year ended May 31, 2025.

Adjusted EBITDA, a non-GAAP financial measure, was $107.2 million for the fiscal year ended May 31, 2026 compared to an Adjusted EBITDA of $19.6 million for the fiscal year ended May 31, 2025.

Net Operating Income, a non-GAAP financial measure, was $90.4 million for the fiscal year ended May 31, 2026.

Balance Sheet

As of May 31, 2026, the Company had $4.2 billion in cash, cash equivalents, and restricted cash, along with $5.0 billion in debt.

Conference Call

As previously announced, Applied Digital will host a conference call today, July 27, 2026, at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss these results. A question-and-answer session will follow the management’s presentation.

Date: Monday, July 27, 2026

Time: 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time)

North America Dial-In: 1-833-461-5787

International Dial-In: +1 (585) 542-9983

Conference ID: 735983255

The conference call will be broadcast live and available for replay for one year here .

Please call the conference telephone number approximately 10 minutes before the start time. An operator will register your name and organization. If you have difficulty connecting with the conference call, please get in touch with Applied Digital’s investor relations team at 1-949-574-3860.

About Applied Digital

Applied Digital Corporation (Nasdaq: APLD) named Best Data Center in the Americas 2025 by Datacloud - designs, develops, owns, and operates large-scale, purpose-built data centers engineered to support HPC workloads, including AI, machine learning, and other accelerated-compute applications. Headquartered in Dallas, TX, and founded in 2021, the Company combines hyperscale expertise, closed-loop cooling, and rapid deployment capabilities to deliver secure, scalable compute at industry-leading speed and efficiency, while creating economic opportunities in underserved communities through its award-winning Polaris Forge AI Factory model. Find more information at www.applieddigital.com . Follow us on X (formerly Twitter) at @APLDdigital.

Forward-Looking Statements

This press release contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 regarding, among other things, future operating and financial performance, product development, market position, business strategy and objectives and future financing plans. These statements use words, and variations of words, such as "intend," “will,” “continue,” “build,” “future,” “increase,” “drive,” “believe,” “look,” “ahead,” “confident,” “deliver,” “outlook,” “expect,” “project” and “predict.” Other examples of forward-looking statements may include, but are not limited to, (i) statements that reflect perspectives and expectations regarding lease agreements and any current or prospective data center campus development; (ii) statements about the high-performance computing (HPC) industry; (iii) statements of Company plans and objectives, including the Company’s evolving business model, or estimates or predictions of actions by suppliers; (iv) statements of future economic performance; (v) statements of assumptions underlying other statements and statements about the Company or its business; (vi) the Company’s plans to obtain future project financing; and (vii) statements regarding ChronoScale. These statements are based on current expectations of future events and thus are inherently subject to uncertainty. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the Company’s expectations and projections. These risks, uncertainties, and other factors include, among others: our ability to complete construction of our data center campuses as planned; the lead time of customer acquisition and leasing decisions and related internal approval processes; changes to artificial intelligence and HPC infrastructure needs and their impact on future plans; costs related to the HPC operations and strategy; our ability to timely deliver any services required in connection with completion of installation under the lease agreements; our ability to raise additional capital to fund the ongoing datacenter construction and operations; our ability to obtain financing of datacenter leases on acceptable financing terms, or at all; our dependence on principal customers, including our ability to execute and perform our obligations under our leases with key customers; our ability to timely and successfully build new HPC hosting facilities with the appropriate contractual margins and efficiencies; power or other supply disruptions and equipment failures; the inability to comply with regulations, developments and changes in regulations; cash flow and access to capital; availability of financing to continue to grow our business; decline in demand for our products and services; maintenance of third party relationships; conditions in the debt and equity capital markets. A further list and description of these risks, uncertainties and other factors can be found in the Company’s most recently filed Annual Report on Form 10-K and Quarterly Report on Form 10-Q, including in the sections captioned “Forward-Looking Statements” and “Risk Factors,” and in the Company’s subsequent filings with the Securities and Exchange Commission. Copies of these filings are available online at www.sec.gov, on the Company’s website (www.applieddigital.com) under “Investors,” or on request from the Company. Information in this earnings release is as of the dates and time periods indicated herein, and the Company does not undertake to update any of the information contained in these materials, except as required by law.

Use and Reconciliation of Non-GAAP Financial Measures

To supplement our consolidated financial statements presented under GAAP, we are presenting certain non-GAAP financial measures. We are providing these non-GAAP financial measures to disclose additional information to facilitate the comparison of past and present operations by providing perspective on results absent one-time or significant non-cash items. We utilize these measures in the business planning process to understand expected operating performance and to evaluate results against those expectations. We believe that these non-GAAP financial measures, when considered together with our GAAP financial results, provide management and investors with an additional understanding of our core business operating results regarding factors and trends affecting our business and provide a reasonable basis for comparing our ongoing results of operations. Management considers the Data Center Hosting Business and the HPC Hosting Business to be its core operations for long-run strategic and performance evaluation purposes. Accordingly, these non-GAAP financial measures exclude the results of our consolidated subsidiary, ChronoScale. ChronoScale is included in our consolidated financial statements and results of continuing operations. Due to its strategic role relative to the Company’s core business, management believes the ChronoScale results may obscure underlying trends in the performance of core operations when included in certain non-GAAP measures.

These non-GAAP financial measures are provided as supplemental measures to our performance measures calculated in accordance with GAAP and therefore, are not intended to be considered in isolation or as a substitute for comparable GAAP measures. Excluding the results of ChronoScale in our non-GAAP financial measures removes revenues and expenses that are part of the Company’s consolidated results and continuing operations and should not be viewed as measures or reflections of liquidity or profitability in accordance with GAAP. Further, these non-GAAP financial measures have no standardized meaning prescribed by GAAP and are not prepared under any comprehensive set of accounting rules or principles. Because of the non-standardized definitions of non-GAAP financial measures, we caution investors that the non-GAAP financial measures as used by us in this earnings release have limits in their usefulness to investors and may be calculated differently from, and therefore may not be directly comparable to, similarly titled measures used by other companies. Further, investors should be aware that when evaluating these non-GAAP financial measures, these measures should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. In addition, from time to time in the future there may be items that we may exclude for purposes of our non-GAAP financial measures and we may in the future cease to exclude items that we have historically excluded for purposes of our non-GAAP financial measures. Likewise, we may determine to modify the nature of the adjustments to arrive at our non-GAAP financial measures. Investors should review the non-GAAP reconciliations provided below and not rely on any single financial measure to evaluate our business.

Adjusted Revenue

“Adjusted revenue” is a non-GAAP financial measure that represents total revenue excluding ChronoScale revenue. Adjusted revenue is total revenue excluding total revenue from ChronoScale.

Adjusted Operating Income, Adjusted Net Income (Loss), and Adjusted Net Income (Loss) per Diluted Share

“Adjusted operating income” and “Adjusted net income (loss) from continuing operations attributable to common stockholders” are non-GAAP financial measures that represent operating income and net income (loss) from operations excluding ChronoScale, respectively. Adjusted operating income is Operating loss excluding operating loss from ChronoScale, stock-based compensation, non-recurring repair expenses, diligence, acquisition, disposition and integration expenses, litigation expenses, loss on abandonment of assets, (gain) loss on classification of held for sale, accelerated depreciation and amortization, loss on legal settlement, restructuring expenses and other non-recurring expenses that management believes are not representative of our expected ongoing costs. Adjusted net income (loss) is Adjusted operating income further adjusted for interest expense directly attributable to ChronoScale, gain on change in fair value of derivatives, gain on change in fair value of investments, loss on conversion of debt, loss on change in fair value of debt, loss on change in fair value of related party debt, loss on change in fair value of warrants, loss on change in fair value of warrants issued to related parties, loss on extinguishment of debt and loss on extinguishment of related party debt. We define “Adjusted net income (loss) per diluted share” as Adjusted net income (loss) divided by weighted average diluted share count.

EBITDA and Adjusted EBITDA

“EBITDA” is defined as earnings before interest expense, net, income tax expense, and depreciation and amortization and excluding the results of ChronoScale. “Adjusted EBITDA” also excludes results of ChronoScale and is defined as EBITDA adjusted for stock-based compensation, non-recurring repair expenses, diligence, acquisition, disposition and integration expenses, litigation expenses, (gain) loss on classification as held for sale, loss on abandonment of assets, gain on change in fair value of derivatives, gain on change in fair value of investments, loss on conversion of debt, loss on change in fair value of debt, loss on change in fair value of related party debt, loss on change in fair value of warrants, loss on change in fair value of warrants issued to related parties, loss on extinguishment of debt and loss on extinguishment of related party debt, loss on legal settlement, restructuring expenses, and other non-recurring expenses that management believes are not representative of our expected ongoing costs.

Net Operating Income

"Net Operating Income" is a non-GAAP financial measure that represents base rental revenue from the HPC Hosting Business. Net Operating Income is HPC Hosting Business base rental revenue less rental property operating expenses, property taxes, and property insurance expenses. "Net Operating Income Margin" is defined as Net Operating Income divided by HPC Hosting Business base rental revenue.

Investor Relations Contacts

Media Contact

Matt Glover or Ralf Esper

Buffy Harakidas, EVP

Gateway Group, Inc.

JSA (Jaymie Scotto & Associates)

(949) 574-3860

(856) 264-7827

APLD@gateway-grp.com

jsa_applied@jsa.net

APPLIED DIGITAL CORPORATION AND SUBSIDIARIES

Consolidated Balance Sheets

(In thousands, except share and par value data)

May 31, 2026

May 31, 2025

ASSETS

Current assets:

Cash and cash equivalents

$

1,591,988

$

43,950

Restricted cash

2,381,027

72,368

Accounts receivable

56,309

6,830

Prepaid expenses and other current assets (1)

613,692

9,652

Current assets held for sale

19,841

—

Total current assets

4,662,857

132,800

Property and equipment, net

4,236,300

1,252,287

Operating lease right of use assets, net

76,922

92,335

Finance lease right of use assets, net

122,523

213,315

Other assets

830,710

179,353

TOTAL ASSETS

$

9,929,312

$

1,870,090

LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable

$

395,474

$

251,491

Accrued liabilities

548,493

30,121

Current portion of operating lease liability

18,484

16,785

Current portion of finance lease liability

47,585

147,040

Current portion of debt

16,422

10,331

Customer deposits

16,752

16,125

Deferred revenue

4,666

3,594

Current liabilities held for sale

7,426

—

Due to customer

10,065

4,807

Other current liabilities

97,489

19,431

Total current liabilities

1,162,856

499,725

Long-term portion of operating lease liability

47,178

58,800

Long-term portion of finance lease liability

10,731

15

Long-term debt

4,959,516

677,825

Other long-term liabilities

5,454

—

Total liabilities

6,185,735

1,236,365

Commitments and contingencies (Note 18)

Temporary equity

Series E preferred stock, $0.001 par value, 2,000,000 shares authorized, 301,673 shares issued and 276,673 outstanding at May 31, 2026, and 301,673 shares issued and outstanding at May 31, 2025

6,306

6,932

Series E-1 preferred stock, $0.001 par value, 62,500 shares authorized and issued and 61,909 shares outstanding at May 31, 2026, and 62,485 shares outstanding at May 31, 2025

56,460

57,011

Series G preferred stock, $0.001 par value, 1,030,000 shares authorized, no shares issued and outstanding at May 31, 2026, and 156,000 shares authorized, 78,000 shares issued and outstanding at May 31, 2025

—

72,094

Redeemable noncontrolling interest

1,956,303

—

Stockholders' equity:

Common stock, $0.001 par value, 600,000,000 shares authorized, 295,048,903 shares issued and 287,883,603 shares outstanding at May 31, 2026, and 234,200,868 shares issued and 224,909,669 shares outstanding at May 31, 2025

296

230

Treasury stock, 7,165,300 shares at May 31, 2026 and 9,291,199 shares at May 31, 2025, at cost

(52,737

)

(31,400

)

Additional paid in capital

2,432,250

1,009,913

Accumulated deficit

(662,333

)

(481,055

)

Total stockholders’ equity attributable to Applied Digital Corporation

1,717,476

497,688

Noncontrolling interest

7,032

—

Total stockholders' equity including noncontrolling interest

1,724,508

497,688

TOTAL LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS' EQUITY

$

9,929,312

$

1,870,090

(1) Includes a related party loan receivable of $58.6 million as of May 31, 2026.

APPLIED DIGITAL CORPORATION AND SUBSIDIARIES

Consolidated Statements of Operations

(In thousands, except per share data)

Three Months Ended

Fiscal Year Ended

May 31, 2026

May 31, 2025

May 31, 2026

May 31, 2025

Revenue:

Services revenue

$

208,190

$

51,076

$

496,609

$

226,643

Data center rental and other revenue

50,558

—

114,702

—

Related party revenue

—

—

—

1,926

Total revenue

258,748

51,076

611,311

228,569

Costs and expenses:

Services cost of revenue

193,121

54,196

396,858

216,759

Data center rental and other cost of revenue

25,110

—

56,771

—

Selling, general and administrative (1)

165,282

41,026

332,096

107,877

Loss (gain) on classification of held for sale (2)

—

—

59,650

(24,616

)

Loss on abandonment of assets

55

(45

)

2,398

724

Total costs and expenses

383,568

95,177

847,773

300,744

Operating loss

(124,820

)

(44,101

)

(236,462

)

(72,175

)

Interest expense, net (3)

10,633

8,451

29,516

32,139

Gain on change in fair value of derivatives

(53,276

)

—

(75,818

)

—

Gain on change in fair value of investments

(4,768

)

—

(10,840

)

—

Loss on conversion of debt

—

—

—

33,612

Loss on change in fair value of debt

—

—

—

85,439

Loss on extinguishment of debt

—

—

—

1,177

Loss on change in fair value of warrants

2,212

—

2,212

6,421

Net loss from continuing operations before income tax expense

(79,621

)

(52,552

)

(181,532

)

(230,963

)

Income tax expense (benefit)

1,766

(16

)

1,787

102

Net loss from continuing operations

(81,387

)

(52,536

)

(183,319

)

(231,065

)

Net loss from discontinued operations

(1,020

)

—

(1,020

)

—

Net loss

(82,407

)

(52,536

)

(184,339

)

(231,065

)

Net loss attributable to noncontrolling interest and redeemable noncontrolling interest

(27,615

)

—

(59,665

)

—

Preferred dividends

(1,558

)

(540

)

(6,259

)

(2,615

)

Net loss attributable to common stockholders

$

(111,580

)

$

(53,076

)

$

(250,263

)

$

(233,680

)

Net loss attributable to common stockholders

Continuing operations

$

(110,560

)

$

(53,076

)

$

(249,243

)

$

(233,680

)

Discontinued operations

(1,020

)

—

(1,020

)

—

Net loss attributable to common stockholders

$

(111,580

)

$

(53,076

)

$

(250,263

)

$

(233,680

)

Basic and diluted net loss per share attributable to common stockholders

Continuing operations

$

(0.39

)

$

(0.24

)

$

(0.91

)

$

(1.16

)

Discontinued operations

—

—

—

—

Basic and diluted net loss per share attributable to common stockholders

$

(0.39

)

$

(0.24

)

$

(0.91

)

$

(1.16

)

Basic and diluted weighted average number of shares outstanding

285,651,622

222,454,578

275,194,755

201,194,451

(1) Includes related party selling, general and administrative expense of $0.1 million for each of the three months ended May 31, 2026 and May 31, 2025, respectively, and $0.3 million for each of the fiscal years ended May 31, 2026 and May 31, 2025, respectively.

(2) For the fiscal year ended May 31, 2026, amount includes a loss on classification of held for sale of $59.7 million representing the write down of our cloud services business' (the "Cloud Services Business") assets to their carrying value as of February 15, 2026 when it no longer qualified as held for sale. For the fiscal year ended May 31, 2025, amount includes $25.0 million received in connection with the sale of our Garden City facility once conditional approval requirements were met and escrowed funds were released.

(3) For the three months and fiscal year ended May 31, 2026, amount includes related party income of $0.1 million.

APPLIED DIGITAL CORPORATION AND SUBSIDIARIES

Consolidated Statements of Cash Flows (In thousands)

Fiscal Year Ended

May 31, 2026

May 31, 2025

CASH FLOW FROM OPERATING ACTIVITIES

Net loss

$

(184,339

)

$

(231,065

)

Adjustments to reconcile net loss to net cash provided by (used in) operating activities:

Depreciation and amortization

67,387

97,945

Stock-based compensation

220,135

22,704

Lease expense

10,106

31,661

Gain on change in fair value of derivatives

(75,818

)

—

Gain on change in fair value of investments

(10,840

)

—

Loss on extinguishment of debt

—

1,177

Amortization of debt issuance costs

6,323

9,563

Loss (gain) on classification of held for sale

59,650

(24,616

)

Loss on conversion of debt

—

33,612

Loss on change in fair value of debt

—

85,439

Loss on change in fair value of warrants issued

2,212

6,421

Loss on abandonment of assets

2,398

1,138

Changes in operating assets and liabilities:

Accounts receivable

(49,268

)

(2,934

)

Prepaid expenses and other current assets

(36,164

)

(8,309

)

Other assets

(51,483

)

2,979

Customer deposits

627

2,306

Related party customer deposits

—

(1,549

)

Deferred revenue

947

(34,080

)

Related party deferred revenue

—

(1,692

)

Accounts payable

(1,182

)

(78,256

)

Accrued liabilities

106,223

(12,127

)

Due to customer

5,258

(8,195

)

Lease assets and liabilities

17,513

(7,524

)

CASH FLOW PROVIDED BY (USED IN) OPERATING ACTIVITIES

89,685

(115,402

)

CASH FLOW USED IN INVESTING ACTIVITIES

Purchases of property and equipment and other assets

(2,865,765

)

(681,603

)

Proceeds from sale of investments

5,000

—

Proceeds from sale of assets

—

25,000

Finance lease prepayments

—

(6,178

)

Loans to related parties

(58,632

)

—

Purchases of investments

(17,000

)

(4,873

)

CASH FLOW USED IN INVESTING ACTIVITIES

(2,936,397

)

(667,654

)

CASH FLOW PROVIDED BY FINANCING ACTIVITIES

Repayment of finance leases

(99,455

)

(125,073

)

Borrowings of long-term debt

4,955,327

650,083

Repayment of long-term debt

(521,512

)

(293,045

)

Payment of deferred financing costs

(171,885

)

(42,398

)

Tax payments for restricted stock upon vesting

(36,282

)

(4,116

)

Proceeds from issuance of common stock

196,366

191,590

Common stock issuance costs

(5,950

)

(10,305

)

Proceeds from issuance of preferred stock

814,998

198,205

Preferred stock issuance costs

(11,897

)

(13,812

)

Redemption of preferred stock

(1,187

)

(2,615

)

Dividends issued on preferred stock

(6,259

)

—

Issuance of warrants, at fair value

(8,250

)

—

Exercise of warrants

6,265

—

Issuance of warrants by subsidiary

4,451

—

Proceeds from issuance of SAFE agreement included in long-term debt

—

12,000

Repurchase of shares

—

(31,342

)

Proceeds from convertible notes

—

450,000

Purchase of capped call options

—

(51,750

)

Purchase of prepaid forward contract

—

(52,736

)

Redeemable noncontrolling interest contributions

1,825,000

—

Redeemable noncontrolling interest issuance costs

(62,904

)

—

CASH FLOW PROVIDED BY FINANCING ACTIVITIES

$

6,876,826

$

874,686

NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH

$

4,030,114

$

91,630

CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD, INCLUDING CASH FROM DISCONTINUED OPERATIONS

123,318

31,688

CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD, INCLUDING CASH FROM DISCONTINUED OPERATIONS

4,153,432

123,318

Less: CASH, CASH EQUIVALENTS, AND RESTRICTED CASH FROM DISCONTINUED OPERATIONS

2

—

CASH, CASH EQUIVALENTS, AND RESTRICTED CASH FROM CONTINUED OPERATIONS

$

4,153,430

$

123,318

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION

Interest paid

$

263,402

$

62,712

Income taxes paid

$

241

$

105

SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES

Operating right-of-use assets obtained by lease obligation

$

—

$

20,280

Finance right-of-use assets obtained by lease obligation

$

25,214

$

113,674

Property and equipment in accounts payable and accrued liabilities

$

556,446

$

246,472

Conversion of debt to common stock

$

—

$

104,945

Conversion of preferred stock to common stock

$

875,185

$

48,350

Consideration for guarantee of an affiliate's obligations

$

2,000

$

—

Issuance of warrants, at fair value

$

104,705

$

136,292

Cashless exercise of warrants

$

1

$

5

Non-cash dividends paid in-kind

$

62,726

$

—

Acquisition of ChronoScale

$

18,110

$

—

APPLIED DIGITAL CORPORATION AND SUBSIDIARIES

Reconciliation of GAAP to Non-GAAP Measures

(Unaudited)

(In thousands, except percentage data)

Three Months Ended

Fiscal Year Ended

May 31, 2026

May 31, 2025

May 31, 2026

May 31, 2025

Adjusted Revenue

Total revenue (GAAP)

$

258,748

$

51,076

$

611,311

$

228,569

ChronoScale revenue

(18,396

)

(13,063

)

(71,604

)

(84,376

)

Adjusted revenue (Non-GAAP)

$

240,352

$

38,013

$

539,707

$

144,193

Adjusted operating income (loss)

Operating loss (GAAP)

$

(124,820

)

$

(44,101

)

$

(236,462

)

$

(72,175

)

Operating loss from ChronoScale

12,118

23,402

37,043

55,331

Stock-based compensation

127,845

11,558

219,289

22,492

Non-recurring repair expenses (1)

41

—

322

173

Diligence, acquisition, disposition and integration expenses (2)

7,034

4,908

27,938

17,269

Litigation expenses (3)

307

48

1,179

1,389

Loss on abandonment of assets

55

369

1,799

1,138

Gain on classification of held for sale

—

—

—

(24,616

)

Accelerated depreciation and amortization (4)

—

—

—

45

Restructuring expenses (5)

377

668

1,469

711

Other non-recurring expenses (6)

1,224

69

5,219

627

Adjusted operating income (loss) (Non-GAAP)

$

24,181

$

(3,079

)

$

57,796

$

2,384

Adjusted operating margin

10

%

(8

)%

11

%

2

%

Adjusted net income (loss) from continuing operations attributable to common stockholders

Net loss from continuing operations (GAAP)

$

(81,387

)

$

(52,536

)

$

(183,319

)

$

(231,065

)

Operating loss from ChronoScale

12,118

23,402

37,043

55,331

Interest expense directly attributed to ChronoScale

1,132

3,955

9,583

17,399

Stock-based compensation

127,845

11,558

219,289

22,492

Non-recurring repair expenses (1)

41

—

322

173

Diligence, acquisition, disposition and integration expenses (2)

7,034

4,908

27,938

17,269

Litigation expenses (3)

307

48

1,179

1,389

Loss on abandonment of assets

55

369

1,799

1,138

Gain on classification of held for sale

—

—

—

(24,616

)

Accelerated depreciation and amortization (4)

—

—

—

45

Gain on change in fair value of derivatives

(53,276

)

—

(75,818

)

—

Gain on change in fair value of investments

(4,768

)

—

(10,840

)

—

Loss on conversion of debt

—

—

—

33,612

Loss on change in fair value of debt

—

—

—

85,439

Loss on change in fair value of warrants

2,212

—

2,212

6,421

Loss on extinguishment of debt

—

—

—

1,177

Restructuring expenses (5)

377

668

1,469

711

Other non-recurring expenses (6)

1,224

69

5,219

627

Adjusted net income (loss) from continuing operations (Non-GAAP)

$

12,914

$

(7,559

)

$

36,076

$

(12,458

)

Diluted weighted average number of shares outstanding (Non-GAAP) (7)

330,239,240

222,454,578

318,968,163

201,194,451

Adjusted net income (loss) from continuing operations per diluted share (Non-GAAP)

$

0.04

$

(0.03

)

$

0.11

$

(0.06

)

EBITDA and Adjusted EBITDA

Net loss from continuing operations (GAAP)

$

(81,387

)

$

(52,536

)

$

(183,319

)

$

(231,065

)

Operating loss from ChronoScale

12,118

23,402

37,043

55,331

Interest expense, net

10,633

8,451

29,516

32,139

Income tax expense (benefit)

1,766

(16

)

1,787

102

Depreciation and amortization (4)

18,170

4,059

49,433

17,289

EBITDA (Non-GAAP)

$

(38,700

)

$

(16,640

)

$

(65,540

)

$

(126,204

)

Stock-based compensation

127,845

11,558

219,289

22,492

Non-recurring repair expenses (1)

41

—

322

173

Diligence, acquisition, disposition and integration expenses (2)

7,034

4,908

27,938

17,269

Litigation expenses (3)

307

48

1,179

1,389

Gain on classification of held for sale

—

—

—

(24,616

)

Loss on abandonment of assets

55

369

1,799

1,138

Gain on change in fair value of derivatives

(53,276

)

—

(75,818

)

—

Gain on change in fair value of investments

(4,768

)

—

(10,840

)

—

Loss on conversion of debt

—

—

—

33,612

Loss on change in fair value of debt

—

—

—

85,439

Loss on change in fair value of warrants

2,212

—

2,212

6,421

Restructuring expenses (5)

377

668

1,469

711

Other non-recurring expenses (6)

1,224

69

5,219

627

Adjusted EBITDA (Non-GAAP)

$

42,351

$

980

$

107,229

$

19,628

Net Operating Income

HPC Hosting Business base rental revenue (GAAP)

$

44,062

$

—

$

99,811

$

—

Rental property operating expenses

(3,382

)

—

(8,545

)

—

Property taxes

(198

)

—

(198

)

—

Property insurance expenses

(571

)

—

(680

)

—

Net Operating Income (Non-GAAP)

$

39,911

$

—

$

90,388

$

—

Net Operating Income margin

91

%

—

%

91

%

—

%

(1) Represents costs incurred for the non-recurring repair and replacement of equipment at our data center facilities.

(2) Represents legal, accounting and consulting costs incurred in association with certain discrete transactions and projects.

(3) Represents non-recurring litigation expense associated with our defense of class action lawsuits and legal fees related to matters with certain former employees. We do not expect to incur these expenses on a regular basis.

(4) Represents the acceleration of expense related to assets that were abandoned by us due to operational failure or other reasons. Depreciation and amortization in this amount is included in Depreciation and Amortization expense within our calculation of EBITDA, and therefore is not added back as a management adjustment in our calculation of Adjusted EBITDA.

(5) Represents non-recurring expenses associated with employee separations.

(6) Represents expenses that are not representative of our expected ongoing costs.

(7) Potentially dilutive securities or other contracts to issue common stock are only included for each period if the effect is dilutive to Adjusted net income (loss) from continuing operations per diluted share.

Source: Applied Digital Corporation

Released July 27, 2026

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打开原文

霍尔木兹航运事件升至62起

重要性5/5 高

官方清单更新至07/27，事件数量、伤亡及船舶状态明确，直接关联霍尔木兹航运和能源供应链，是当日日报的高优先级风险事实。

标签

来源：International Maritime Organization发布日期：2026-07-27重要性：5/5 高评级理由：官方清单更新至07/27，事件数量、伤亡及船舶状态明确，直接关联霍尔木兹航运和能源供应链，是当日日报的高优先级风险事实。评级依据：timeliness, official_source, evidence_strength, fact_density原文字数：1056

中文摘要

核心结论

国际海事组织确认，截至07/27（未给出具体时刻），霍尔木兹海峡及中东相关海域已发生62起航运事件，造成17名海员死亡。7月仍有多艘船舶受损、弃船及人员伤亡记录，显示区域航运安全压力尚未消退。

重要性评级

评级：5/5（高）

事件清单来自International Maritime Organization（国际海事组织），时间接近当日日报，且直接关联霍尔木兹航道、能源运输、航运保险和供应链风险。清单证实事故结果，但没有提供袭击主体、动机或对运价和油价的量化影响。

关键事实

• 截至07/27（未给出具体时刻），国际海事组织确认62起事件和17名海员死亡。
• 07/24（未给出具体时刻），液化石油气运输船LAVINE在莫桑比克虚假旗帜身份下受损，记录显示未发生污染。
• 07/20（未给出具体时刻），KAIFAN在阿曼利马东北8海里处受损并被弃船，两名海员受伤。
• 07/19（未给出具体时刻），ACHELOOS与KAVOMALEAS分别在阿联酋迪巴以东和阿曼库姆扎尔西北受损；KAVOMALEAS随后被弃船。
• 07/14（未给出具体时刻），AL BAHYAH事件造成一名海员死亡、三人受伤；同日MOMBASA B受损并被弃船，十一名海员受伤。
• 07/11（未给出具体时刻），GFS GALAXY在阿曼以东受损，一名海员死亡。
• 清单中多数7月事件注明“未发生污染”，但部分船舶被弃置，人员安全与通航连续性仍受影响。

作者观点与证据

材料采用逐船确认清单，没有表达市场立场，也没有把事件归因于特定国家、组织或武器。其证据价值来自船名、国际海事组织编号、日期、地点、损害和伤亡记录；“已确认”只说明事件进入组织清单，无法据此推断责任方或军事升级路径。

与相关标的的关系

输入没有指定直接相关股票代码。霍尔木兹海峡是能源和商业航运的重要通道，事件密度可影响原油、液化石油气、油轮、集装箱运输及保险风险评估；该清单没有航量、绕航比例、保费、运价或实际供应中断数据，无法量化对具体资产价格的影响。

时效性与限制

统计截至07/27（未给出具体时刻），采集于美东时间 07/29 04:12（UTC+8 07/29 16:12）。资料只列出已确认事件，可能晚于现场发生时间，也未说明未确认事件数量、调查结论或各事件之间是否存在关联。

后续跟踪

• 07/27以后新增确认事件、伤亡和污染记录。
• 霍尔木兹海峡实际通航量、船舶等待时间与绕航比例。
• 油轮和货运保险费率、运价及港口作业状态。
• 国际海事组织或沿岸国家公布的责任调查结果。

英文原文

Middle East - Highlighted (Confirmed) incidents

Highlighted (confirmed) incidents in the Strait of Hormuz and the Middle East.

• Number of confirmed incidents as at 27 July 2026: 62

• Number of confirmed seafarer fatalities: 17

Date

Ship Name (IMO Number) Location D escription

24 July LAVINE (IMO 8818219) LPG Tanker, Mozambique (False Flag)  Damaged. No pollution.

20 July KAIFAN (IMO 9656046)  8NM northeast of Limah, Oman  Damaged. Abandoned. Two seafarers injured.

19 July ACHELOOS (IMO 1087524)  17NM east of Dibba, UAE  Damaged. No pollution.

19 July KAVOMALEAS (IMO 1042823)  8NM northwest of Kumzar, Oman  Damaged. No pollution. Abandoned.

16 July IDI (IMO 9307982)  19NM east of Khasab, Oman  Damaged. No pollution.

15 July BELMA (IMO 9289491)  IVO Bushehr Province, Persian Gulf  Damaged. No pollution.

14 July AL BAHYAH (IMO 9937799)  13 NM from the coast of Oman  Damaged. No pollution. One seafarer fatality. Three seafarers injured.

14 July  MOMBASA B (IMO 9739501)  13 NM from the coast of Oman  Damaged. No pollution. Abandoned. Eleven seafarers injured.

13 July STOLT MAGNESIUM (IMO 9739317)  40 NM from the coast of Oman  Damaged.  No pollution.

11 July GFS GALAXY (IMO 9401271)  9NM east of Oman   Damaged. No pollution. One seafarer fatality.

7 July CYPRUS PROSPERITY(IMO 9595216)  6NM east of Musandam Peninsula, Oman  Damaged. No pollution. No injuries.

6 July WEDYAN (IMO 9524970)  16NM east of Khor Fakkan, UAE  Damaged. No pollution. No injuries.

6 July AL REKAYYAT (IMO 9397339)  8NM east of Limah, Oman  Damaged. No Pollution

27 June KIKU (IMO 9329796)  8NM off Oman  Damaged. No Pollution.

25 June EVER LOVELY (IMO 9629110)  7.5NM southeast of Dahit, Oman  Damaged. No pollution. No injuries.

12 June BOCHEM MARENGO (IMO 9749025)  6NM east of Oman   Damaged. No pollution. No injuries.

10 June JALVEER (IMO 9486283)  21 NM northeast of Sohar, Oman  Damaged. Abandoned. No pollution

9 June SETTEBELLO (IMO 9162916)  25 NM east of Shinas, Oman Damaged. Abandoned. Three seafarer fatalities.

8 June MARIVEX (IMO 9464156)  21NM northeast of Masirah Island, Oman  Damaged. No pollution. Abandoned. No injuries.

2 June LEXIE (IMO 9203277)  Near Strait of Hormuz  Damaged. No pollution.

1 June MSC SARISKA V (IMO 8715857)  40NM southeast of Umm Qasr, Iraq Damaged. No pollution. No injuries.

29 May LIAN STAR (IMO 9072692)  Gulf of Oman Damaged. No pollution.

26 May OLYMPIC LIFE (IMO 9844277)  60NM east of Muscat, Oman  Damaged. Pollution (limited bunker fuel discharge). No injuries.

10 May SAFESEA NEHA (IMO 9563392)  23NM northeast of Doha, Qatar Damaged. No pollution. No injuries.

8 May SEVDA (IMO 9172040) Gulf of Oman Damaged. No pollution. No injuries.

8 May SEA STAR III (IMO 9569205) Gulf of Oman Damaged. No pollution. No injuries.

6 May HASNA (IMO 9212917)  Gulf of Oman Damaged. No pollution. No injuries.

5 May CMA CGM SAN ANTONIO (IMO 9294173) 30 NM northeast of Dibba Al-Fujairah, UAE Damaged. No pollution. Eight seafarers injured.

4 May HMM NAMU (IMO 1039292)  36NM North of Dubai, UAE Damaged. No pollution. One seafarer injured.

4 May JV INNOVATION (IMO 9276688) 15NM northwest of Ras Al-Khaimah, UAE Damaged. Pollution. No injuries.

3 May TMO BARAKAH (IMO 9902615)  78NM north of Fujairah, UAE  Damaged. No pollution. Vessel abandoned. No injuries

3 May MINOAN FALCON (IMO 9605841)  11NM west of Sirik, Islamic Republic of Iran  Damaged. No pollution. No injuries.

2 May VOLANS (IMO 9298856) / BADR (BARGE)  32NM northeast of  Dibba Al-Fujairah, UAE Damaged (Badr - Barge). No pollution. One seafarer fatality.

22 April EUPHORIA (IMO 9235828)  8NM west of Islamic Republic of Iran  Minor damage. No pollution. No injuries.

22 April MSC FRANCESCA (IMO 9401116)  15NM northeast of Oman Damaged. No pollution. No injuries. Vessel detained.

22 April EPAMINONDAS (IMO 9153862)  15NM northeast of Oman  Damaged. No pollution. No injuries. Vessel detained.

19 April TOUSKA (IMO 9328900)  45 NM southeast of Chabahar, Islamic Republic of Iran Damaged. No pollution. No injuries. Vessel seized.

18 April CMA CGM EVERGLADE (IMO 9894985)  22NM North of Kumzar, Oman  Damaged. No pollution. No injuries.

18 April SANMAR HERALD (IMO 9330563)  19NM North of Kumzar, Oman Damaged. No pollution. No injuries.

7 April GOLD AUTUMN (IMO 9220483) 112NM southeast of Ras Al Damaged. No pollution. No injuries.

7 April QINGDAO STAR (IMO 9318163)  25NM south of Kish Island, Islamic Republic of Iran  Damaged. No pollution. No injuries.

1 April AQUA 1 (IMO 9573660) 17NM north of Ras Laffan, Qatar Damaged. No pollution. No injuries.

30 March AL SALMI (IMO 9534793) 31NM NW of Dubai, UAE Damaged. No pollution. No injuries.

28 March SUNNY 77 (IMO 8357368) Near Duqm, Oman Damaged. No pollution. No injuries.

19 March HALUL 50 (IMO 9602796)  4NM east of Ras Laffan, Qatar  Damaged. No pollution. No injuries.

16 March GAS AL AHMADIAH (IMO 9849629) 23NM east of Fujairah, UAE Damaged. No pollution. No injuries.

12 March SOURCE BLESSING (IMO 9243198) 35NM north of Jebel Ali, UAE Damaged. No pollution. No injuries.

11 March ZEFYROS (IMO 9515917) Near Khor Al Zubair Port, Iraq Attack on SAFESEA VISHNU caused collateral damage (fire). No injuries.

11 March SAFESEA VISHNU (IMO 9327009) Near Khor Al Zubair Port, Iraq  Impact caused fire. One seafarer fatality.

11 March STAR GWYNETH (IMO 9301031)  50NM northwest of Dubai Damage to cargo holds and forecastle. No injuries.

11 March MAYUREE NAREE (IMO 9323649) 11NM north of Oman Fire on board. Three seafarer fatalities.

11 March ONE MAJESTY (IMO 9424912) 25NM northwest of Ra’s al Khaymah, UAE Hull damage. No injuries.

7 March ARABIA III (IMO 8771332) Al Jubayl, Saudi Arabia  Damanged. No pollution. One seafarer injured.

6 March MUSSAFAH 2 (IMO 9522051) 6NM north of Oman Four seafarer fatalities. Three severely injured.

5 March SONANGOL NAMIBE (IMO 9325049) 30NM southeast of Mubarak Al Kabeer, Kuwait Hull breach. No injuries.

4 March SAFEEN PRESTIGE (IMO 9593517) 2NM north of Oman Sunk. Oil slick detected. No injuries.

3 March GOLD OAK (IMO 9806342) 7NM east of Fujairah, UAE Steel plating damage. No injuries.

3 March LIBRA TRADER (IMO 9562673) 10NM east of Fujairah, UAE Minor damage. No injuries.

1 March STENA IMPERATIVE (IMO 9666077) At Berth, Port of Bahrain One shipyard worker fatality. Two shipyard workers seriously injured.

1 March HERCULES STAR (IMO 9916135) 17 NM northwest of Mina Saqr, UAE Fire on board. No injuries.

1 March MKD VYOM (IMO 9284386) 52 NM northwest of Muscat, Oman One seafarer fatality.

1 March  SKYLIGHT (IMO 9330020) 5 NM North of Khasab, Oman Four seafarers injured. Two seafarer fatalities.

美股事实摘要

• 报价事实：上涨 3 / 下跌 15 / 震荡 0；广度 16.67%；平均较前交易日 -6.66%。
• 公开新闻/财报讨论覆盖：18 / 18 个标的；新闻条目 144 条。

公开数据对照

标的	IBKR 当前价	K线收盘	K线来源	差异	5D	20D	K线行数
MSFT	397.48	393.35	Yahoo Finance chart API	+1.05%	-1.11%	+6.72%	153
NVDA	196.22	197.01	Yahoo Finance chart API	-0.40%	-4.96%	+1.05%	272
MRVL	172.20	174.47	Yahoo Finance chart API	-1.30%	-16.10%	-37.18%	153
GFS	48.37	49.02	Yahoo Finance chart API	-1.33%	-17.46%	-39.48%	153
APLD	26.31	26.62	Yahoo Finance chart API	-1.16%	-11.41%	-29.52%	153
USAR	14.18	14.06	Yahoo Finance chart API	+0.85%	-11.01%	-33.17%	153
SOXX	482.01	491.46	Yahoo Finance chart API	-1.92%	-11.08%	-20.00%	274
SOXL	104.10	109.54	Yahoo Finance chart API	-4.97%	-30.91%	-53.69%	153
FTXL	204.00	212.66	Yahoo Finance chart API	-4.07%	-12.14%	-22.34%	274
PSI	127.88	129.38	Yahoo Finance chart API	-1.16%	-16.24%	-27.31%	274
DRAM	46.39	47.77	Yahoo Finance chart API	-2.89%	-18.83%	-33.60%	80
KMEM	14.16	15.82	Yahoo Finance chart API	-10.49%	-19.65%	N/A	19
VRT	269.98	269.56	Yahoo Finance chart API	+0.16%	-11.47%	-12.19%	272
COHR	241.64	243.33	Yahoo Finance chart API	-0.69%	-23.29%	-37.80%	271
CRCL	64.14	64.32	Yahoo Finance chart API	-0.28%	-9.51%	-15.32%	270
SPCX	115.38	116.41	Yahoo Finance chart API	-0.88%	-5.77%	-29.10%	31
GOOG	334.15	332.60	Yahoo Finance chart API	+0.47%	-3.93%	-5.32%	153
NBIS	168.60	169.69	Yahoo Finance chart API	-0.64%	-21.77%	-35.02%	153

期权链事实

观察标的：MSFT, NVDA, MRVL, GFS, APLD, USAR, SOXX, SOXL, FTXL, PSI, DRAM, KMEM, VRT, COHR, CRCL, SPCX, GOOG, SPY, QQQ, NBIS

来源：Yahoo Finance 公开期权链

覆盖：19 / 20 个观察标的。

标的	ATM IV	Put/Call Vol	Put/Call OI	Max Pain	最大OI	期限结构	Vol/OI异常	大单数	新闻数
MSFT	0.20%	0.71	3.00	300.00	C 225.00 (6) / P 540.00 (18)	7D 0.20% / 30D 0.20% / 51D 0.20% / 79D 0.10%	8		5
NVDA	0.20%	0.49	7.23	130.00	C 75.00 (80) / P 10.00 (970)	7D 0.20% / 30D 0.39% / 51D 0.39% / 79D 0.39%	8		5
MRVL	0.39%	0.43	N/A	105.00	C 105.00 (0) / P 390.00 (36)	9D 0.39% / 30D 0.20% / 51D 0.10% / 79D 0.10%	8		5
GFS	1.56%	0.59	6.89	40.00	C 20.00 (60) / P 17.50 (363)	23D 1.56% / 51D 0.78% / 79D 0.78% / 170D 0.39%	0	0	5
APLD	0.39%	0.38	1.61	16.00	C 17.00 (20) / P 65.00 (38)	9D 0.39% / 30D 0.78% / 51D 0.78% / 79D 0.39%	4	0	5
USAR	0.78%	0.69	10.48	10.50	C 3.00 (70) / P 40.00 (558)	9D 0.78% / 30D 0.39% / 51D 0.20% / 142D 0.20%	0	0	5
SOXX	0.20%	0.22	0.28	340.00	C 325.00 (105) / P 200.00 (34)	9D 0.20% / 30D 0.39% / 51D 0.10% / 79D 0.10%	8		5
SOXL	0.39%	1.35	0.08	71.00	C 46.00 (8) / P 335.00 (1)	9D 0.39% / 30D 0.20% / 51D 0.20% / 114D 0.10%	8		5
FTXL	0.00%	0.63	0.07	300.00	C 150.00 (20) / P 295.00 (1)	23D 0.00% / 51D 0.00% / 142D 0.00% / 233D 0.00%	0	0	5
PSI	0.39%	0.21	0.23	85.00	C 125.00 (12) / P 93.00 (4)	23D 0.39% / 51D 0.00% / 114D 0.20% / 205D 0.20%	0	0	5
DRAM	0.39%	0.26	0.32	30.00	C 23.00 (38) / P 115.00 (10)	9D 0.39% / 30D 1.56% / 51D 0.20% / 79D 1.56%	8		5
VRT	0.20%	1.25	6.95	170.00	C 180.00 (74) / P 110.00 (477)	9D 0.20% / 30D 0.10% / 51D 0.05% / 79D 0.05%	1		5
COHR	0.78%	1.26	2.31	185.00	C 120.00 (40) / P 75.00 (106)	9D 0.78% / 30D 0.00% / 51D 0.39% / 79D 0.39%	3	0	5
CRCL	0.39%	0.68	N/A	35.00	C 35.00 (0) / P 125.00 (88)	9D 0.39% / 30D 0.39% / 51D 0.39% / 79D 0.39%	3	0	5
SPCX	0.39%	0.69	N/A	5.00	C 5.00 (0) / P 270.00 (381)	9D 0.39% / 30D 0.20% / 51D 0.39% / 79D 0.39%	8		5
GOOG	0.05%	0.45	0.25	200.00	C 175.00 (242) / P 415.00 (43)	9D 0.05% / 30D 0.39% / 51D 0.20% / 79D 0.20%	8		5
SPY	0.03%	0.82	0.07	500.00	C 599.00 (1,617) / P 385.00 (190)	7D 0.03% / 30D 0.01% / 63D 0.01% / 93D 0.01%	8		0
QQQ	0.10%	1.02	0.18	495.00	C 505.00 (153) / P 775.00 (80)	7D 0.10% / 30D 0.05% / 63D 0.03% / 79D 0.03%	8		0
NBIS	0.20%	1.75	0.02	90.00	C 35.00 (206) / P 360.00 (5)	9D 0.20% / 30D 0.10% / 51D 0.10% / 79D 0.05%	8		5

最新大单 / 异常成交

大单活动只保留最近一次成功的 Yahoo 期权链快照，不是逐笔成交 tape。 当前显示：本次快照 Top 80。

观察时间	标的	合约	方向	Strike	到期	Volume	OI	IV	Vol/OI	估算权利金
2026-07-29 08:40:17.005Z	NBIS	NBIS260918P00210000	put	210.00	2026-09-18	4,113	0	0.00%	N/A	$26,096,985
2026-07-29 08:40:17.005Z	SPY	SPY260930C00606000	call	606.00	2026-09-30	1,806	0	0.00%	N/A	$25,285,806
2026-07-29 08:40:17.005Z	NVDA	NVDA260918C00010000	call	10.00	2026-09-18	1,133	0	0.00%	N/A	$20,958,234
2026-07-29 08:40:17.005Z	NBIS	NBIS260918P00160000	put	160.00	2026-09-18	6,138	0	3.13%	N/A	$18,997,110
2026-07-29 08:40:17.005Z	QQQ	QQQ261016C00700000	call	700.00	2026-10-16	6,402	0	1.56%	N/A	$14,231,646
2026-07-29 08:40:17.005Z	QQQ	QQQ261016C00360000	call	360.00	2026-10-16	400	0	0.00%	N/A	$13,935,200
2026-07-29 08:40:17.005Z	SPCX	SPCX260918P00100000	put	100.00	2026-09-18	13,758	0	12.50%	N/A	$12,643,602
2026-07-29 08:40:17.005Z	NVDA	NVDA260918C00200000	call	200.00	2026-09-18	8,777	0	0.78%	N/A	$10,444,630
2026-07-29 08:40:17.005Z	SPCX	SPCX260918P00210000	put	210.00	2026-09-18	911	0	0.00%	N/A	$9,456,180
2026-07-29 08:40:17.005Z	QQQ	QQQ261016C00355000	call	355.00	2026-10-16	250	0	0.00%	N/A	$8,502,500
2026-07-29 08:40:17.005Z	SPCX	SPCX260918C00130000	call	130.00	2026-09-18	6,427	0	6.25%	N/A	$8,290,830
2026-07-29 08:40:17.005Z	SOXX	SOXX260807P00530000	put	530.00	2026-08-07	1,616	0	0.00%	N/A	$7,643,680
2026-07-29 08:40:17.005Z	SOXX	SOXX260918C00670000	call	670.00	2026-09-18	17,011	0	12.50%	N/A	$7,144,620
2026-07-29 08:40:17.005Z	QQQ	QQQ260930P00850000	put	850.00	2026-09-30	441	0	0.00%	N/A	$6,845,864
2026-07-29 08:40:17.005Z	QQQ	QQQ261016P00600000	put	600.00	2026-10-16	7,114	0	6.25%	N/A	$6,573,336
2026-07-29 08:40:17.005Z	SPCX	SPCX260918P00090000	put	90.00	2026-09-18	10,983	0	12.50%	N/A	$6,117,531
2026-07-29 08:40:17.005Z	SPCX	SPCX261016C00120000	call	120.00	2026-10-16	3,067	0	1.56%	N/A	$5,765,960
2026-07-29 08:40:17.005Z	GOOG	GOOG260918P00430000	put	430.00	2026-09-18	500	0	0.00%	N/A	$5,535,000
2026-07-29 08:40:17.005Z	SOXL	SOXL260807P00110000	put	110.00	2026-08-07	3,463	0	0.00%	N/A	$5,454,225
2026-07-29 08:40:17.005Z	GOOG	GOOG260918C00350000	call	350.00	2026-09-18	6,008	0	3.13%	N/A	$5,425,224
2026-07-29 08:40:17.005Z	SPCX	SPCX260807C00115000	call	115.00	2026-08-07	4,320	0	0.00%	N/A	$5,231,520
2026-07-29 08:40:17.005Z	SPCX	SPCX260918P00105000	put	105.00	2026-09-18	4,304	0	6.25%	N/A	$4,863,520
2026-07-29 08:40:17.005Z	QQQ	QQQ261016P00845000	put	845.00	2026-10-16	292	0	0.00%	N/A	$4,394,162
2026-07-29 08:40:17.005Z	SPCX	SPCX260807C00120000	call	120.00	2026-08-07	4,355	0	6.25%	N/A	$4,389,840
2026-07-29 08:40:17.005Z	SPCX	SPCX260918P00120000	put	120.00	2026-09-18	2,158	0	0.00%	N/A	$4,223,206
2026-07-29 08:40:17.005Z	DRAM	DRAM261016C00055000	call	55.00	2026-10-16	6,805	0	6.25%	N/A	$4,185,075
2026-07-29 08:40:17.005Z	DRAM	DRAM260918C00050000	call	50.00	2026-09-18	6,571	0	3.13%	N/A	$4,172,585
2026-07-29 08:40:17.005Z	NBIS	NBIS260918C00200000	call	200.00	2026-09-18	1,613	0	12.50%	N/A	$4,142,184
2026-07-29 08:40:17.005Z	SPCX	SPCX261016C00165000	call	165.00	2026-10-16	5,063	0	12.50%	N/A	$4,050,400
2026-07-29 08:40:17.005Z	NBIS	NBIS260918P00200000	put	200.00	2026-09-18	706	0	0.00%	N/A	$3,971,956
2026-07-29 08:40:17.005Z	MSFT	MSFT260918P00400000	put	400.00	2026-09-18	1,474	0	0.00%	N/A	$3,854,510
2026-07-29 08:40:17.005Z	NVDA	NVDA260918P00195000	put	195.00	2026-09-18	3,226	0	0.78%	N/A	$3,709,900
2026-07-29 08:40:17.005Z	MSFT	MSFT260828C00415000	call	415.00	2026-08-28	3,239	0	3.13%	N/A	$3,647,114
2026-07-29 08:40:17.005Z	SOXX	SOXX260807P00490000	put	490.00	2026-08-07	1,695	0	0.39%	N/A	$3,622,215
2026-07-29 08:40:17.005Z	QQQ	QQQ261016C00730000	call	730.00	2026-10-16	3,197	0	3.13%	N/A	$3,459,154
2026-07-29 08:40:17.005Z	MSFT	MSFT260828P00375000	put	375.00	2026-08-28	3,261	0	3.13%	N/A	$3,424,050
2026-07-29 08:40:17.005Z	MRVL	MRVL260918C00220000	call	220.00	2026-09-18	2,917	0	12.50%	N/A	$3,339,965
2026-07-29 08:40:17.005Z	NVDA	NVDA260828C00195000	call	195.00	2026-08-28	2,758	0	0.00%	N/A	$3,309,600
2026-07-29 08:40:17.005Z	NVDA	NVDA261016C00200000	call	200.00	2026-10-16	2,177	0	0.78%	N/A	$3,276,385
2026-07-29 08:40:17.005Z	NVDA	NVDA260918C00225000	call	225.00	2026-09-18	7,876	0	6.25%	N/A	$3,063,764
2026-07-29 08:40:17.005Z	QQQ	QQQ261016P00900000	put	900.00	2026-10-16	163	0	0.00%	N/A	$3,020,879
2026-07-29 08:40:17.005Z	QQQ	QQQ260828P00697000	put	697.00	2026-08-28	1,000	0	0.00%	N/A	$3,000,000
2026-07-29 08:40:17.005Z	NVDA	NVDA260918P00370000	put	370.00	2026-09-18	200	0	0.00%	N/A	$2,999,000
2026-07-29 08:40:17.005Z	NVDA	NVDA261016P00180000	put	180.00	2026-10-16	3,659	0	3.13%	N/A	$2,941,836
2026-07-29 08:40:17.005Z	SPCX	SPCX260918C00170000	call	170.00	2026-09-18	5,073	0	25.00%	N/A	$2,876,391
2026-07-29 08:40:17.005Z	MSFT	MSFT260918C00400000	call	400.00	2026-09-18	1,361	0	0.78%	N/A	$2,858,100
2026-07-29 08:40:17.005Z	SPCX	SPCX260807P00115000	put	115.00	2026-08-07	2,601	0	1.56%	N/A	$2,809,080
2026-07-29 08:40:17.005Z	NVDA	NVDA260918C00210000	call	210.00	2026-09-18	3,449	0	3.13%	N/A	$2,724,710
2026-07-29 08:40:17.005Z	DRAM	DRAM261016C00050000	call	50.00	2026-10-16	3,343	0	3.13%	N/A	$2,644,313
2026-07-29 08:40:17.005Z	SPCX	SPCX261016P00125000	put	125.00	2026-10-16	1,062	0	0.00%	N/A	$2,619,954
2026-07-29 08:40:17.005Z	SPCX	SPCX260918P00125000	put	125.00	2026-09-18	1,129	0	0.00%	N/A	$2,585,410
2026-07-29 08:40:17.005Z	NVDA	NVDA260918C00195000	call	195.00	2026-09-18	1,684	0	0.00%	N/A	$2,467,060
2026-07-29 08:40:17.005Z	MRVL	MRVL261016P00370000	put	370.00	2026-10-16	135	0	0.00%	N/A	$2,461,455
2026-07-29 08:40:17.005Z	SPCX	SPCX260807C00130000	call	130.00	2026-08-07	3,560	0	12.50%	N/A	$2,456,400
2026-07-29 08:40:17.005Z	SPCX	SPCX260918C00175000	call	175.00	2026-09-18	4,717	0	25.00%	N/A	$2,429,255
2026-07-29 08:40:17.005Z	MRVL	MRVL261016P00135000	put	135.00	2026-10-16	2,134	0	12.50%	N/A	$2,377,276
2026-07-29 08:40:17.005Z	SPY	SPY260828P00763000	put	763.00	2026-08-28	1,000	0	0.00%	N/A	$2,316,000
2026-07-29 08:40:17.005Z	SPCX	SPCX260807C00150000	call	150.00	2026-08-07	6,602	0	25.00%	N/A	$2,310,700
2026-07-29 08:40:17.005Z	NVDA	NVDA260828C00210000	call	210.00	2026-08-28	4,115	0	6.25%	N/A	$2,304,400
2026-07-29 08:40:17.005Z	MSFT	MSFT260805C00395000	call	395.00	2026-08-05	1,575	0	0.78%	N/A	$2,297,925
2026-07-29 08:40:17.005Z	NVDA	NVDA260918C00220000	call	220.00	2026-09-18	4,567	0	6.25%	N/A	$2,283,500
2026-07-29 08:40:17.005Z	SOXX	SOXX260918P00500000	put	500.00	2026-09-18	480	0	0.00%	N/A	$2,282,880
2026-07-29 08:40:17.005Z	SPCX	SPCX260807P00100000	put	100.00	2026-08-07	5,124	0	25.00%	N/A	$2,254,560
2026-07-29 08:40:17.005Z	MSFT	MSFT260918P00630000	put	630.00	2026-09-18	130	0	0.00%	N/A	$2,224,300
2026-07-29 08:40:17.005Z	QQQ	QQQ261016P00865000	put	865.00	2026-10-16	130	0	0.00%	N/A	$2,223,650
2026-07-29 08:40:17.005Z	QQQ	QQQ261016P00650000	put	650.00	2026-10-16	1,092	0	1.56%	N/A	$2,218,944
2026-07-29 08:40:17.005Z	SPCX	SPCX260807P00105000	put	105.00	2026-08-07	3,584	0	12.50%	N/A	$2,204,160
2026-07-29 08:40:17.005Z	SPCX	SPCX260807C00110000	call	110.00	2026-08-07	1,517	0	0.00%	N/A	$2,199,650
2026-07-29 08:40:17.005Z	DRAM	DRAM260918C00060000	call	60.00	2026-09-18	6,545	0	12.50%	N/A	$2,192,575
2026-07-29 08:40:17.005Z	NVDA	NVDA260918P00250000	put	250.00	2026-09-18	398	0	0.00%	N/A	$2,123,728
2026-07-29 08:40:17.005Z	VRT	VRT260918P00340000	put	340.00	2026-09-18	250	0	0.00%	N/A	$2,105,000
2026-07-29 08:40:17.005Z	MRVL	MRVL261016P00155000	put	155.00	2026-10-16	1,118	0	6.25%	N/A	$2,057,120
2026-07-29 08:40:17.005Z	MSFT	MSFT260918P00620000	put	620.00	2026-09-18	126	0	0.00%	N/A	$2,027,214
2026-07-29 08:40:17.005Z	SPCX	SPCX260918C00115000	call	115.00	2026-09-18	1,087	0	0.00%	N/A	$1,975,079
2026-07-29 08:40:17.005Z	NVDA	NVDA260918C00205000	call	205.00	2026-09-18	1,968	0	3.13%	N/A	$1,958,160
2026-07-29 08:40:17.005Z	SPCX	SPCX260918P00115000	put	115.00	2026-09-18	1,164	0	0.78%	N/A	$1,934,568
2026-07-29 08:40:17.005Z	QQQ	QQQ261016C00740000	call	740.00	2026-10-16	2,357	0	3.13%	N/A	$1,906,813
2026-07-29 08:40:17.005Z	NVDA	NVDA260828C00200000	call	200.00	2026-08-28	1,957	0	1.56%	N/A	$1,868,935
2026-07-29 08:40:17.005Z	MSFT	MSFT260918P00350000	put	350.00	2026-09-18	2,759	0	6.25%	N/A	$1,862,325
2026-07-29 08:40:17.005Z	NVDA	NVDA261016C00210000	call	210.00	2026-10-16	1,703	0	3.13%	N/A	$1,847,755

技术指标事实

标的	类型	Benchmark	最新价	Strength	日线九转	1H 支撑 / 压力	4H 支撑 / 压力	1D 支撑 / 压力	数据限制
MSFT	美股/ETF	SPY	397.1200	2.52	高序列第1根	396.2440 (-0.22%；MA10) / 400.6188 (+0.88%；布林上轨/摆动高点/区间极值)	394.9273 (-0.55%；摆动高点/MA5) / 400.0944 (+0.75%；布林上轨/摆动高点)	388.3630 (-1.27%；MA5/MA20/布林中轨) / 394.1180 (+0.20%；MA10/摆动高点)	-
NVDA	美股/ETF	SPY	195.7700	-3.32	低序列第2根	193.0565 (-1.39%；摆动低点/区间极值/布林下轨) / 196.5099 (+0.38%；摆动低点/MA20/布林中轨)	193.7200 (-1.05%；摆动低点) / 198.1954 (+1.24%；MA5/摆动高点/摆动低点)	194.7400 (-1.15%；摆动低点) / 197.5936 (+0.30%；摆动低点/MA120)	-
MRVL	美股/ETF	SPY	170.4800	-20.69	低序列第3根	167.3436 (-1.84%；摆动低点/布林下轨) / 174.3735 (+2.28%；MA5/MA10)	167.2862 (-1.87%；布林下轨/摆动低点) / 176.8810 (+3.75%；MA5/摆动低点)	170.8400 (-2.08%；摆动高点) / 175.8000 (+0.76%；摆动高点)	-
GFS	美股/ETF	SPY	48.4900	-27.89	低序列第4根	47.3572 (-2.34%；布林下轨/区间极值) / 48.9217 (+0.89%；摆动低点/MA5/MA10)	47.4350 (-2.18%；布林下轨/区间极值) / 49.5160 (+2.12%；MA5)	47.3700 (-3.37%；摆动低点) / 50.1100 (+2.22%；摆动高点)	-
APLD	美股/ETF	SPY	26.3000	-16.44	低序列第3根	25.8269 (-1.80%；布林下轨/摆动低点) / 26.4712 (+0.65%；MA5/MA10)	25.7700 (-2.02%；摆动低点) / 26.8248 (+2.00%；MA5/摆动低点/MA10)	24.0010 (-9.84%；布林下轨/摆动低点) / 27.9813 (+5.11%；MA10/MA5)	-
USAR	美股/ETF	SPY	14.1200	-30.36	低序列第9根已完成，延续10根	14.0818 (-0.27%；MA10/摆动高点/MA5) / 14.2414 (+0.86%；摆动低点/摆动高点/MA20)	14.1670 (-0.23%；摆动低点/MA5) / 14.4190 (+1.54%；MA10)	13.4600 (-4.27%；区间极值) / 14.8150 (+5.37%；摆动低点/MA5)	-
SOXX	美股/ETF	SPY	480.0000	-11.31	低序列第2根	476.8056 (-0.67%；布林下轨) / 480.5000 (+0.10%；摆动低点)	476.7621 (-1.39%；布林下轨) / 492.3160 (+1.82%；MA5)	491.1092 (-0.07%；布林下轨) / 497.1250 (+1.15%；摆动低点)	-
SOXL	美股/ETF	SPY	101.8100	-37.73	低序列第2根	101.5300 (-0.28%；摆动低点) / 106.8860 (+4.99%；MA5)	101.5300 (-0.28%；摆动低点) / 109.9340 (+7.98%；MA5)	103.9900 (-5.07%；摆动低点) / 116.4700 (+6.33%；摆动低点)	-
FTXL	美股/ETF	SPY	204.0000	-13.87	低序列第2根	203.6250 (-0.18%；布林下轨/区间极值) / 207.9800 (+1.95%；摆动低点)	- / 204.3614 (+0.18%；区间极值/布林下轨)	211.4598 (-0.56%；摆动高点/布林下轨) / 216.6700 (+1.89%；摆动低点)	-
PSI	美股/ETF	SPY	129.0000	-17.75	低序列第2根	128.8472 (-0.12%；摆动低点/MA5/MA10) / 130.0450 (+0.81%；MA20/布林中轨/MA30)	125.9000 (-1.55%；摆动低点) / 129.9920 (+1.65%；MA5)	123.6600 (-4.42%；摆动低点) / 129.5289 (+0.12%；布林下轨/MA120)	-
DRAM	美股/ETF	SPY	46.0100	-16.66	低序列第2根	45.1858 (-1.79%；布林下轨) / 46.0900 (+0.17%；摆动低点)	45.3345 (-1.47%；布林下轨) / 47.8000 (+3.89%；MA5)	47.0905 (-1.42%；布林下轨) / 48.4750 (+1.48%；摆动低点)	-
KMEM	美股/ETF	SPY	14.1300	N/A	低序列第3根	13.8800 (-1.77%；区间极值) / 14.5368 (+2.88%；布林下轨)	13.8800 (-1.77%；区间极值) / 14.5515 (+2.98%；布林下轨)	15.2300 (-3.73%；区间极值) / 16.2900 (+2.97%；摆动低点)	1D 少于 60 根K线
VRT	美股/ETF	SPY	269.7100	-12.73	低序列第3根	263.9300 (-2.14%；摆动低点) / 269.9625 (+0.09%；MA10/MA5)	263.5342 (-1.67%；布林下轨) / 271.9967 (+1.49%；MA5/摆动低点)	247.9100 (-8.03%；区间极值) / 272.9300 (+1.25%；摆动低点)	-
COHR	美股/ETF	SPY	240.1000	-26.85	低序列第3根	227.8664 (-5.10%；布林下轨/摆动低点/区间极值) / 242.5330 (+1.01%；MA10/MA5)	228.0923 (-5.99%；布林下轨/摆动低点/区间极值) / 246.1120 (+1.44%；MA5)	228.2300 (-6.21%；区间极值) / 244.3015 (+0.40%；布林下轨)	-
CRCL	美股/ETF	SPY	64.3100	-9.45	低序列第3根	64.0435 (-0.41%；摆动高点/MA20/布林中轨) / 64.7710 (+0.72%；摆动高点/MA120)	63.9722 (-0.51%；摆动高点/MA10/MA20) / 65.1796 (+1.37%；MA30/摆动高点/摆动低点)	64.2960 (-0.04%；MA5/MA20/布林中轨) / 66.8500 (+3.93%；摆动高点)	-
SPCX	美股/ETF	SPY	114.7100	N/A	高序列第1根	113.8078 (-0.79%；MA30/MA20/布林中轨) / 114.8100 (+0.09%；摆动低点)	113.9770 (-0.64%；MA10) / 115.1903 (+0.42%；MA5/MA20/布林中轨)	115.6960 (-0.61%；MA5) / 121.2240 (+4.14%；MA10)	1D 少于 60 根K线
GOOG	美股/ETF	SPY	333.9200	-7.52	低序列第9根完成	329.0533 (-1.46%；摆动低点/摆动高点/MA30) / 334.0637 (+0.04%；摆动低点/MA10/MA5)	332.2720 (-0.29%；MA5) / 335.0039 (+0.53%；MA30/摆动高点)	328.6660 (-1.18%；MA5/摆动低点) / 333.6900 (+0.33%；摆动低点)	-
NBIS	美股/ETF	SPY	167.0000	-12.12	低序列第2根	164.8000 (-1.32%；摆动低点) / 167.8825 (+0.53%；MA5/MA10)	161.4300 (-3.34%；摆动低点) / 172.0280 (+3.01%；MA5)	168.7100 (-0.58%；摆动高点) / 172.2500 (+1.51%；摆动低点)	-
BTCUSDT	Crypto	BTCUSDT	64,461.8000	0.00	高序列第1根	64,006.8058 (-0.71%；摆动低点/摆动高点/MA30) / 64,804.5400 (+0.53%；摆动高点/摆动低点)	64,093.1017 (-0.57%；摆动低点/MA10/MA5) / 64,889.0688 (+0.66%；摆动低点/MA60/摆动高点)	63,692.7463 (-1.19%；MA60/摆动低点/MA30) / 64,548.0729 (+0.13%；摆动高点/MA5/MA20)	自身为基准
ETHUSDT	Crypto	BTCUSDT	1,915.4300	5.19	高序列第4根	1,911.0401 (-0.23%；摆动低点/MA5/MA20) / 1,930.6669 (+0.80%；摆动高点/摆动低点/布林上轨)	1,908.3849 (-0.38%；MA30/MA60/MA10) / 1,928.9000 (+0.69%；摆动高点)	1,908.5610 (-0.36%；MA10/MA5) / 1,956.9933 (+2.17%；摆动高点/摆动低点)	-
SOLUSDT	Crypto	BTCUSDT	74.0500	-2.99	低序列第7根	73.5943 (-0.62%；摆动高点/MA30/MA10) / 74.8037 (+1.02%；摆动高点/布林上轨/MA120)	73.5974 (-0.61%；摆动低点/MA5/MA10) / 74.5856 (+0.72%；摆动高点/摆动低点/MA30)	73.4820 (-0.77%；布林下轨/摆动低点/MA60) / 74.0600 (+0.01%；摆动低点)	-

账户、公开补充与来源

公开数据补充

• 股票与 ETF 当前价截至 2026-07-29 16:40 左右（北京时间），来自 IBKR data type 3 延迟行情；完成日线截至 7 月 28 日。21 个技术标的均有 1D/4H/1H 历史，但当前交易日尚未完成，技术支持件保留 partial 状态。
• Crypto 公共行情截至 2026-07-29 15:56 左右；Binance 只代表单一交易场所。Farside 最新完整 ETF flow 为 7 月 28 日，7 月 29 日行在检索时尚未发布。
• PSI、SOXX、SOXL、FTXL、DRAM、KMEM 的发行商前十大成分文件均未成功取得；ETF 成分、内部强弱和重复暴露没有用第三方来源补位。发行商 NAV 完整行最近截至 7 月 27 日，KMEM 可解析观测停留在 7 月 9 日。
• 公开期权链缺少 Greeks、IV Rank、逐笔成交方向和稳定的 OI 覆盖；若干合约 OI 或 bid/ask 为零。报告不使用 Max Pain 或单笔成交推断主动买卖，也不据此构造对冲。
• 新闻与快讯覆盖至 16:04 左右，Jin10、Followin 和 web 材料为部分覆盖。FOMC、EIA、MSFT、Meta、Amazon、美国 GDP/PCE 与日本央行结果均晚于当前事实截止线。

数据源列表

• Binance 合约市场数据
• IBKR 行情数据
• IBKR 账户与持仓数据
• Merkl 官方奖励数据
• Yahoo Finance 公开期权链
• Yahoo Finance 历史行情
• Yahoo Finance 新闻检索
• 金十数据快讯事实雷达