上海证券交易所 为促进兴业中证科技优势成长50策略交易型开放式指数证券投资基金（以下简称科技成长，基金代 码:563560）的市场流动性和平稳运行，根据《上海证券交易所基金自律监管规则适用指引第2号——上 市基金做市业务》等相关规定，本所同意国泰海通证券股份有限公司自2026年03月06日起为科技成长提 供主做市服务。 特此公告。 上证公告（基金）【2026】441号 2026年03月05日 ...

汽车之家宣布2亿美元股票回购计划。 来源：滚动播报 ...

Core Viewpoint - The company aims to achieve self-sufficiency in high-end chip production, eliminating the need for NVIDIA's technology [1] Group 1 - The initiative is expected to significantly enhance blockchain performance by 50 times [1]

Core Viewpoint - The 2026 APEC Leaders' Informal Meeting will be held in Shenzhen, emphasizing high-quality preparations and cultural exchanges to enhance international cooperation and understanding [1]. Group 1: APECircle Brand Activities - The "APECircle" brand series of activities has been launched to promote cultural exchanges and grassroots engagement in preparation for the APEC meeting [1]. - Monthly traditional cultural experience workshops and business seminars will be held, showcasing Chinese traditional culture such as tea art and calligraphy to international friends [1]. Group 2: International Family and Cultural Education - The initiative focuses on building friendly environments for international families, women, and children, with interactive classes on intangible cultural heritage in international schools [6]. - Traditional crafts like paper-cutting and shadow puppetry will be transformed into engaging international courses for foreign students and families [6]. Group 3: Volunteer Services and Cultural Events - The international volunteer service team will play a crucial role in supporting the APEC summit, including a Chinese speech contest for foreign volunteers to share their experiences [8]. - A multicultural exploration market will be organized during the summit to celebrate diverse cultures and enhance the vision of an "Asia-Pacific community" [8]. Group 4: International Service Environment - Continuous optimization of the international service environment is underway, including bilingual signage updates to improve the convenience for international residents and visitors [10]. - The international service station at Shekou Cruise Homeport has served over 60,000 international cruise passengers since its operation began in June 2024, providing essential support for the APEC summit [10]. Group 5: Cultural Exchange and Integration - The street aims to create a comfortable environment for guests, leveraging its international characteristics and cultural heritage to facilitate deeper integration of foreign friends into Shenzhen life [11]. - A series of cultural experiences and friendly interactions will be organized to build strong bridges of understanding and friendship between China and foreign nations [11].

Group 1 - The core point of the article is that NVIDIA's Rubin architecture will feature a highly modular interconnect design, with plans for mass production in 2026 [1] - ficonTEC is a key customer of NVIDIA, and the company is involved in providing technical support for early sampling and trial production of the Rubin architecture [1] - The company has not disclosed specific details regarding the 300mm double-sided wafer testing platform and high-precision coupling equipment due to commercial confidentiality [1]

Group 1 - CICC maintains an "outperform" rating for BeiGene, forecasting $3.9 billion in sales for Zebrutinib in 2025, a 49% year-on-year increase, and $740 million for Tislelizumab, a 19% increase [1] - Multiple significant catalysts are expected in 2026, including U.S. approval for Sotigalimab in R/R MCL, potential accelerated approval for BTK CDAC, and the initiation of Phase III clinical trials for CDK4 [1] Group 2 - CITIC Securities maintains a "buy" rating for Dongfang Zhenxuan, reporting a 5.7% year-on-year revenue increase for FY26H1 and a return to profitability with a net profit of 239 million yuan [2][6] - The self-operated product GMV share increased to 52.8%, with 801 SKUs and the app contributing 18.5% of total GMV [2] Group 3 - CITIC Securities maintains a "buy" rating for Trip.com, reporting a 20.8% year-on-year revenue increase for Q4 2025, slightly exceeding expectations [3] - The international OTA platform saw a 60% increase in bookings for the year, serving 20 million inbound tourists and connecting over 150,000 hotels [3] Group 4 - CITIC Securities maintains a "buy" rating for Samsonite, planning a dual primary listing in the U.S. in the first half of 2026, with IATA predicting a 4.9% increase in global air passenger traffic in 2026 [4] - Current Hong Kong stock valuation is at 11x PE, significantly lower than the comparable U.S. companies at 17x and its historical average of 21x, with the dual listing expected to improve liquidity and catalyze valuation recovery [4] Group 5 - CITIC Securities maintains a "buy" rating for Insilico Medicine, highlighting partnerships with Exelixis and Menarini for high-value pipeline collaborations [5] - The core pipeline ISM001-055 shows excellent clinical potential, with the AI pharmaceutical industry expected to reach critical validation points in 2026 [5] Group 6 - Guosheng Securities maintains a "buy" rating for H&H International Holdings, forecasting strong double-digit growth in market share for ANC in mainland China and robust double-digit growth for BNC infant formula [7] - Interest expense optimization is expected to enhance profits, with BNC share gains and accelerated growth in ANC/PNC expected to resonate positively with performance and valuation [7] Group 7 - Guohai Securities maintains a "buy" rating for Geely Automobile, reporting cumulative sales of 476,000 units from January to February 2026, a 1.0% year-on-year increase [8] - New vehicle launches, including Galaxy M7 and Zeekr 8X, are expected to drive growth, with clear strategies for electrification, intelligence, premiumization, and globalization [8] Group 8 - Industrial Securities maintains a "buy" rating for Jiangnan Buyi, reporting a 7.0% year-on-year revenue increase and a 12.5% increase in net profit for FY26H1 [10] - Online revenue grew by 25.1%, with a 16.3% increase in LESS women's wear, and active membership reached 596,000, with high-value members contributing 60% of offline retail sales [10] Group 9 - Shenwan Hongyuan maintains a "buy" rating for Nine Dragons Paper, reporting a 225.1% increase in net profit for FY26H1 and a net profit of 119 yuan per ton [11] - The company produced 2.3 million tons of wood pulp, a 77% year-on-year increase, benefiting from the release of integrated pulp and paper advantages [11]

Core Viewpoint - The competitive landscape in the AI sector is intensifying, with Nvidia's CEO Jensen Huang indicating that the company's significant investments in OpenAI and Anthropic may be coming to an end as both companies prepare for IPOs later this year [1][4]. Investment Dynamics - Nvidia has recently invested $30 billion in OpenAI as part of a larger $100 billion funding round, raising OpenAI's valuation to $730 billion [3]. - Huang stated that the opportunity to invest the full $100 billion in OpenAI is unlikely to arise again, as the company is expected to go public by the end of the year [4]. - The initial commitment of $100 billion was intended to support the development of AI infrastructure using Nvidia chips, highlighting a deep financial interdependence between the two companies [4]. Competitive Tensions - Huang also suggested that Nvidia's $10 billion strategic investment in Anthropic may be its last, as Anthropic is also preparing for an IPO [5]. - The relationship between OpenAI and Anthropic has become increasingly strained, with recent events escalating tensions between the two companies [8][10]. Market Reactions - Despite Huang's withdrawal from further investments, Nvidia's stock rose by 1.66% to $183.04, maintaining a market capitalization of $4.45 trillion, indicating that the secondary market did not react negatively to the news [6]. - However, the AI unicorns in the primary market may view this as a troubling signal, as Nvidia's retreat could indicate deeper issues within the sector [7]. Internal Conflicts - Huang's official reason for the withdrawal was the "closing IPO window," but this does not fully address the growing complexities and tensions within the AI industry [8][12]. - The competitive dynamics have intensified, with OpenAI recently partnering with the Pentagon, while Anthropic was blacklisted by the Trump administration for ethical reasons, leading to public backlash against OpenAI [10]. Broader Implications - Concerns about potential investment bubbles have emerged, as the initial $100 billion investment was seen as potentially offsetting itself, raising questions about the sustainability of such large financial commitments [11]. - Nvidia's strategic withdrawal may reflect an effort to navigate a rapidly evolving and complicated landscape in the AI sector [12].

Group 1 - Goldman Sachs has lowered the target price for Adidas from €180 to €165 [1]

来源：滚动播报 MELIUS RESEARCH：将博通公司目标价从530美元上调至575美元。 ...

Core Viewpoint - The article discusses the performance of the Nonferrous Metals ETF (512400), highlighting its opening increase and the performance of its major holdings [1] Group 1: ETF Performance - The Nonferrous Metals ETF (512400) opened with a gain of 1.62%, priced at 2.383 yuan [1] - Since its establishment on August 3, 2017, the fund has achieved a return of 139.52%, with a recent one-month return of 3.89% [1] Group 2: Major Holdings Performance - Key stocks within the ETF include: - Zijin Mining: up 1.32% - Luoyang Molybdenum: up 1.65% - Northern Rare Earth: up 1.23% - Huayou Cobalt: up 2.09% - Aluminum Corporation of China: up 2.77% - Ganfeng Lithium: up 2.23% - Shandong Gold: up 0.19% - Yunnan Aluminum: up 2.22% - Zhongjin Gold: up 0.99% - Cangge Mining: up 1.04% [1]