International Perspective · July 26, 2026
① Microsoft Q4 FY2026 Earnings Preview July 28: Azure AI Growth vs Capex Sustainability — Consensus $89.37B revenue (above MSFT guidance), Azure +39% YoY, AI services $30B+ annual run rate. Kicks off the most critical ICT earnings week of 2026 (Microsoft IR / Tickeron)
② CXMT IPO: Asia's Largest of 2026 ($8.6B) Lists July 27 [详见中文版] — Market cap ¥579.1B ($80B) at ¥8.66/share. Already draining A-share liquidity (China Daily / StartupFortune)
③ TSMC Finalizes 5-10% Chip Price Hikes for 2027: AI Demand Makes Advanced Nodes Non-Negotiable — Additional 10-15% HPC premium. Nvidia/AMD/Apple/Qualcomm all bear cost (Tom's Hardware)