Core Viewpoint - The liquid cooling server sector has seen a significant surge, driven by strong performance from leading companies and increasing demand for AI computing power [3][4]. Industry Background - The rising demand for AI computing power is accelerating the evolution of data center cooling technologies. Traditional air cooling is becoming inadequate due to the increasing power consumption of high-performance chips, with single card thermal design power (TDP) often exceeding 700W, and some surpassing 1000W. Liquid cooling is emerging as the mainstream choice due to its higher thermal conductivity, lower energy consumption, and better space utilization [4]. - Major global players are fully transitioning to liquid cooling solutions, with companies like NVIDIA and Google adopting these technologies in their latest server models, indicating a shift from pilot projects to large-scale implementation [4]. - The complexity of liquid cooling systems requires high delivery capabilities, production stability, and global responsiveness from suppliers, as it involves fluid design, sealing, material compatibility, and system integration [4]. Company Insights - Shunling Environment has projected a net profit of 205 million to 246 million yuan for the fiscal year 2025, representing a year-on-year growth of 77.39% to 112.87%. This growth is attributed to the accelerated construction of data centers and significant order increases from deepening collaborations with major clients and expanding overseas markets [4]. - Goldman Sachs forecasts that the global AI server cooling market will grow by 111%, 77%, and 26% from 2025 to 2027, with the liquid cooling market expected to expand from $1.2 billion in 2024 to $15.2 billion by 2027 [4].

Core Insights - The Assistant Governor of the Reserve Bank of Australia, Hunt, emphasized the need to assess the extent to which the recent rise in inflation is temporary [1] - It is anticipated that the labor market will remain tight, with inflation rates expected to stay above target levels for some time [1] - The economic and labor market capacity pressures will be closely monitored [1]

Group 1 - Kakao announced a partnership with Google to develop AI glasses user experience based on Android XR and Android mobile experience [1] - The collaboration aims to integrate the latest AI technologies into the product [1]

近日，国家医保局印发一般治疗类和药学类两批 医疗服务价格项目立项指南。一般治疗类立项指南主 要采取现有项目平移方式，规范整合部分颗粒度过细的价格项目，确保顺畅衔接。综合儿童患者治疗服 务操作难度和风险较大等因素，立项指南在注射、置管、洗胃等部分价格项目中设立儿童加收项，激励 医疗机构优化儿童患者诊疗服务质量。药学类立项指南根据应用场景，将患者需求明确、服务内容具 体、技术路线清晰的药学类服务事项转化为价格项目，设立药学诊查、集中配置、浓度测定、 中药药 学服务等4类10项价格项目。其中，统一设立门诊诊查费，鼓励符合资质的药师通过门诊出诊，为患者 提供科学合理用药指导；新设居家药学服务费，药师上门为患者提供用药评估指导等服务，可通过"上 门服务费+居家药学服务费"的方式据实收费，促进药学服务向居家患者延伸，更好满足老年人和行动 不便患者用药需求。 ...

Core Viewpoint - The announcement of new AI models by companies such as DeepSeek, MiniMax, and others has led to a surge in interest and investment in AI large model stocks, with significant price increases observed in the Hong Kong market [1] Group 1: Company Updates - DeepSeek has updated its model, now supporting a context length of up to 1 million tokens, an increase from the previous version which supported 128,000 tokens [1] - MiniMax is set to officially launch its M2.5 model, which is currently undergoing internal testing in its overseas MiniMax Agent product [1] - XunCe Technology focuses on real-time data infrastructure and analysis solutions, building a millisecond-level AI Data Agent platform to drive real-time data analysis and efficient decision-making across various industries [1] Group 2: Market Response - AI large model concept stocks have collectively attracted significant investment, with both Zhipu and MiniMax reaching new highs in the Hong Kong stock market [1] - XunCe Technology's stock price has also reached a new high in the Hong Kong market, reflecting strong market confidence in its full-stack capabilities in data computation and intelligent systems [1]

2月12日，即梦AI正式接入最新视频生成模型Seedance 2.0与图片生成模型Seedream 5.0 Lite。 ...

Core Viewpoint - The Indian stock market is expected to end a four-day rally due to a significant decline in information technology stocks, with the NSE Nifty IT index dropping 4.6%, marking its lowest level since October 1 [1] Market Performance - The NSE Nifty 50 index fell by 0.4%, closing at 25,866.70 points [1] - The BSE Sensex index decreased by 0.5%, ending at 83,846.25 points [1] - Among the 50 constituents of the Nifty 50 index, 18 stocks rose while 32 stocks declined [1] Company Impact - Infosys was the largest contributor to the index decline, with its stock price dropping by 4.5% [1]

Core Insights - The report indicates that Vale has reclaimed the top position in iron ore production for the first time in seven years, with a production of 336 million tons in 2025, marking a 2.56% increase compared to the previous year [1] Group 1: Company Performance - Rio Tinto's iron ore production from the Pilbara region reached 327 million tons in 2025, reflecting a slight decline of 0.21% year-on-year [1] - BHP's iron ore production amounted to 292 million tons, showing a modest increase of 0.8% compared to the previous year [1] - Fortescue Metals Group processed 203 million tons of iron ore, achieving a year-on-year growth of 5.41% [1]

声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 专利摘要显示，本说明书实施例提供以太网交换机配置方法以及以太网交换机，涉及计算机网络领域， 以太网交换机配置方法方法包括：确定多个交换芯片，以及确定各交换芯片的芯片端口以及所述以太网 交换机的网络端口；根据所述芯片端口的端口数量以及所述网络端口的端口数量，确定所述各交换芯片 的芯片端口与所述网络端口之间的端口连接关系；根据所述多个交换芯片、所述各交换芯片的芯片端 口、所述网络端口、所述多个交换芯片之间的独立关系以及所述端口连接关系，配置所述以太网交换 机；该方法提高了以太网交换机可以提供的带宽、可以连接的设备数量，极大提高了以太网交换机的数 据交换能力。 作者：情报员 国家知识产权局信息显示，云智能资产控股（新加坡）私人股份有限公司申请一项名为"以太网交换机 配置方法以及以太网交换机"的专利，公开号CN121509368A，申请日期为2024年8月。 本文源自：市场资讯 ...

近期国际油价运行逻辑以地缘风险溢价主导，尽管美国原油库存出现年内最大单周增幅，但未撼动油价 震荡上行态势。 美国国防部已要求第二个航母打击群做好向中东部署准备，同时正研究针对运载伊朗原油油轮采取更强 硬措施。伊朗作为OPEC核心成员国之一，日均产量约330万桶，出口量163万桶，一旦相关限制措施落 地，将阶段性扰动全球原油供给平衡，对亚洲原油市场引发连锁影响。 不过供应端宽松信号依然存在，国际能源署（IEA）发出今年全球原油市场或出现大规模供应过剩的警 告。美国能源信息管理局最新数据显示，上周美国原油库存增加850万桶，为年内最大单周增幅。尽管 库存增幅显著，但油价并未出现明显回落，体现出市场交易核心逻辑仍围绕地缘风险展开。 市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 本文源自：市场资讯 作者：观察君 美国银行全球研究大宗商品主管 Francisco Blanch 表示，当前油市受地缘政治、贸易环境及技术结构共 同影响，而地缘政治是现阶段价格走向的核心决定因素。 同时，美国强劲的就业数据带动经济增长预期回暖，强化了交通燃料与工业能源的需求韧性。睿咨得能 源首席经济学家 ...