AI幻觉克星来了！ "AI除幻第一股"海致科技集团今天在港挂牌上市，首日最大涨幅达268%，最高报99.6港元/股。根据公 开资料，海致科技集团本次总计募资7.585亿港元，发行价为每股27.06港元。若以99.6港元/股粗略计 算，每手200股，不计手续费，中签的投资者一手可赚约14500港元。 公开资料显示，海致科技集团作为中国图计算与图数据库领域领军企业，聚焦"图模融合"技术路径，打造 Atlas图谱解决方案与产业级智能体双引擎。该公司上市之前，在投资圈就已是顶流，其背后有君联资 本、BAI、高瓴资本等顶级机构多轮融资加持。 AI幻觉克星暴涨 海致科技集团在港交所挂牌首日表现惊艳，盘中最高涨幅突破268%，最高股价达到99.6港元/股。 资料显示，海致科技集团本次全球发售项下的发售股份数目为2803.02万股H股；香港发售股份数目为 280.32万股H股(可予重新分配)；国际发售股份数目为2522.7万股H股(可予重新分配)。最高发售价为每 股H股28港元。 上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 具体来看，壁仞科技彼时有2347倍超购，上市首日暴涨1 ...

上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 智能体和具身智能是通向通用人工智能（AGI）的必经之路！ 今日（2月13日），港股智谱盘初快速拉升，涨超20%，股价再创新高。过去5个交易日，该股最大涨幅 达142%。2月12日凌晨，智谱发布新一代模型GLM-5。火遍全球的神秘模型"Pony Alpha"揭开面纱。 业界称，这是继DeepSeek后，国产AI大模型春节档的又一爆款。 智能体与具身智能的融合，是AGI的必经之路，也是打开具身智能市场容量的必要环节。近期，机器人也 在预热当中。宇树科技创始人王兴兴谈及具身智能赛道时表示，未来热度或是现在的1000倍，远超移动 互联网。 智能体彻底爆发 今日早盘，智谱盘初快速拉升涨超20%，股价一度达到492港元/股，再创上市以来新高，与上周五（2月 6日）的收盘价203.2港元/股相比，最近一周累计涨幅达142%。今日消息面显示，此前Coding Plan连 续包月、连续包季、连续包年套餐全部售罄。 智能体的进化必将为具身智能的发展提供重大支撑。二者融合能让机器既拥有强大的语言与推理能力（来 自大模型），又能像人一样在物理 ...

Core Viewpoint - The U.S. stock market experienced a significant sell-off, driven by concerns over the disruptive impact of AI, leading to declines across major indices and sectors [2][3][6]. Market Performance - On February 12, the Dow Jones Industrial Average fell by 669 points (1.34%), the S&P 500 dropped by 1.57%, and the Nasdaq Composite decreased by 2.03% [3][4]. - Major tech stocks suffered losses, with Apple down 5%, erasing its gains for the year, and other tech giants like Amazon, Meta, and Tesla also experiencing declines [4][5]. Sector Impact - The financial sector faced substantial declines, with Morgan Stanley dropping over 6% at one point and closing down 4.88%, while Citigroup and Goldman Sachs also saw significant losses [4][5]. - The real estate sector was affected by fears of rising unemployment impacting office space demand, leading to a drop of over 15% for CBRE at one point [5]. - Trucking and logistics stocks were heavily impacted, with the Russell 3000 trucking index falling by 7% and companies like C.H. Robinson experiencing a drop of over 20% [5]. Commodity Market Reaction - Precious metals, including gold and silver, saw sharp declines, with gold dropping over 4% and silver falling by more than 11% at one point [2][6]. - Analysts noted that the sell-off in metals was likely driven by a need for liquidity, as investors exited positions in commodities [7]. Investor Sentiment - Market analysts indicated that the initial driver of stock price increases, namely AI, has now become a source of concern, leading to heightened investor anxiety [6]. - Despite the recent downturn, some analysts remain optimistic about gold's long-term prospects, citing ongoing geopolitical tensions and a shift from traditional assets [7].

Market Overview - A-shares experienced a slight upward trend with the Shanghai Composite Index rising by 0.05% to 4134.02, the Shenzhen Component Index increasing by 0.86% to 14283.00, and the ChiNext Index gaining 1.32% to 3328.06 [4][5] - The total trading volume reached 21,607.71 billion, with 2,108 stocks rising and 3,280 stocks falling [6] Sector Performance - The computing power industry chain saw significant gains, with companies like UCloud and Capital Online hitting the daily limit of 20% [7] - The liquid cooling server sector also performed well, with stocks such as Chuanrun and Invec achieving daily limits [9] - The CPO sector experienced notable increases, with stocks like Taicheng and Tianfu Communication rising over 10% to reach new highs [11] - The non-ferrous metals sector continued its upward momentum, with companies like Xianglu Tungsten and Zhangyuan Tungsten hitting the daily limit [13] Hong Kong Market Highlights - The AI sector in Hong Kong saw a remarkable surge, with stocks like Zhiyuan rising nearly 30% in a single day, pushing its market value close to 200 billion HKD [16] - Zhiyuan's recent flagship model GLM-5 has shown strong performance in coding and agent capabilities, leading to increased demand and a structural price adjustment for its GLM Coding Plan [16][17]

上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 特朗普关税政策面临重大变数。 美东时间2月11日，美国国会众议院以219票对211票通过一项决议，反对美国总统特朗普对加拿大加征 关税。该决议已提交参议院，并有望获得通过。分析人士认为，这在共和党占据多数的众议院，是对特朗 普及其党内领导层的一次"罕见谴责"。 关键时刻，《美墨加协定》前景也面临较大的变数。据美媒报道，特朗普正私下考虑退出《美墨加协 定》，这将对美国与加拿大及墨西哥的贸易谈判带来更多的不确定性。 据央视新闻，特朗普此前曾表示，要么《美墨加协定》到期失效，要么与墨西哥和加拿大另外达成新协 议。此外，特朗普还表示，墨西哥和加拿大一直在占美国便宜，而关税为美国带来财富。 美国众议员否决 2月12日，据央视新闻，当地时间2月11日，美国众议院以微弱优势通过一项决议，反对特朗普对加拿大 加征关税。这是共和党占多数的众议院罕见地对总统政策进行公开反对。 议员们以219票赞成、211票反对的表决结果通过了一项决议，旨在终止特朗普利用国家紧急状态对加拿 大商品实施惩罚性贸易措施的做法。其中，6名共和党众议员"倒戈"投下 ...

Group 1 - The core viewpoint of the article highlights the strong performance of liquid cooling technology in the server market, driven by the impressive earnings report from Vertiv, a leading supplier in this sector [4][5]. - Vertiv reported a Q4 earnings per share of $1.36 and sales of $2.9 billion, representing a 23% year-over-year growth, exceeding market expectations [4][5]. - The company anticipates a significant increase in earnings per share for 2026, projecting between $5.97 and $6.07, with sales expected to reach approximately $13.5 billion [4][5]. Group 2 - The liquid cooling technology is transitioning from a pilot phase to large-scale production, with AI data center liquid cooling penetration expected to rise from 14% in 2024 to 40% in 2026, indicating a substantial market opportunity of around $15 billion [4][5]. - The article discusses the rising demand for energy storage systems as a critical support for AI data centers, with significant capital expenditures planned by major North American tech companies [5][6]. - Recent trends in the energy storage industry show strong demand and price recovery for battery components, with projected internal rates of return (IRR) for storage projects reaching up to 9.2% under certain pricing scenarios [6].

上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 昨夜今晨，又有很多大事发生。 美国主要股指小幅收跌，大型科技股涨跌互现，中概股多数下跌。白宫经济委员会主任哈塞 特认为美联储仍有充足空间降息，美联储官员现分歧。据 CME" 美联储观察 " ，美联储 3 月维持利率不变的概率为 94.1% 。 美国主要股指小幅收跌 美国主要股指小幅收跌，道指跌 0.13% ，报 50121.4 点；标普 500 指数持平，报 6941.47 点；纳指跌 0.16% ，报 23066.47 点。 道琼斯工业平均(DJI) 02-11 16:20:01 50121.40 昨收 50188.14 成交额 0.00 50243.15 -66.74 -0.13% 今开 成交量 0 上涨 0 下跌 平盘 0 0 最高价 50499.04 28.85 1.89% 市盈率 近20日 最低价 8.37 4.28% 49901.61 市净率 今年来 分时 日K 周K 月K 更多 ◎ 五日 叠加 均价: -- 0.62% 50499.04 -0.62% 49877.24 09:30 16:00 标普500( ...

Market Overview - The U.S. stock market experienced a significant downturn, with major indices collectively closing lower after an initial rise. The Nasdaq index saw a drop of nearly 1%, while the Russell 2000 index fell over 1%. Software stocks were particularly hard hit, with the iShares Expanded Tech-Software Sector ETF (IGV) declining by 2.55%, and notable companies like ServiceNow and Salesforce dropping over 5% and 4% respectively. Concerns about the impact of AI on the software industry are intensifying, potentially affecting valuation multiples [2][3]. Cryptocurrency Market - The cryptocurrency market faced severe sell-offs, with Bitcoin briefly falling below $66,000, experiencing a drop of over 4% before narrowing to a 1.74% decline. Ethereum and SOL also saw declines exceeding 3%. In the last 24 hours, approximately 144,691 individuals were liquidated, totaling $458 million in liquidations [2]. Asset Management Trends - Amundi, Europe's largest asset management firm with €2.8 trillion (approximately ¥23 trillion) in assets, announced plans to reduce exposure to U.S. dollar assets and shift focus towards European and emerging markets. CEO Valerie Baudson indicated that if U.S. economic policies do not change, the dollar is likely to weaken further [3][4]. Investment Diversification - Amundi has been advocating for investment diversification over the past 12 to 15 months, suggesting clients reduce their dollar asset holdings. This strategy is in response to the perceived over-investment in dollar assets and the associated risks [5]. International Market Shifts - There is a notable shift in capital flows towards international markets, with investors moving funds into international stock ETFs, which saw a net inflow of $51.6 billion in January. This trend is attributed to high valuations in the U.S. stock market, a weakening dollar, and emerging opportunities in overseas markets [6]. Economic Forecasts - Amundi predicts that the U.S. real GDP growth will significantly slow to 1.6% by 2026, down from nearly 3% in 2023-2024. This slowdown is driven by structural factors such as dwindling private demand, diminishing marginal utility of fiscal stimulus, and policy uncertainties [7]. Dollar Asset Dynamics - The dual advantages of dollar assets—growth and yield—are diminishing. The correlation between the dollar and U.S. equities and bonds is reversing, with the dollar no longer acting as a stabilizer but rather amplifying volatility. Concerns over U.S. fiscal sustainability are leading to a new dynamic where the dollar moves in tandem with risk assets [8][9]. Institutional Responses - Other large asset management firms, including PIMCO and Wellington Management, are echoing Amundi's call to reduce U.S. asset exposure. PIMCO highlighted the unpredictability of U.S. policies as a reason for this shift, while Wellington Management is diversifying into currencies like the euro and Australian dollar [9][10].

Core Viewpoint - The article discusses the current stage of the spring market rally in A-shares, highlighting the historical calendar effect that typically leads to a "spring surge" around the New Year and the "Two Sessions" period, with most years experiencing this phenomenon except for 2022 and 2015 [1][7]. Historical Data Analysis - Historical data shows that the spring market rally has an average duration of about 40 trading days, with an average increase of approximately 13.97% in the Shanghai Composite Index [7]. - The starting points of past spring rallies are somewhat dispersed, primarily occurring in December (5 times), January (7 times), and February (3 times) since 2010 [7]. Current Market Outlook - The current policy environment, fundamental expectations, and liquidity conditions supporting the spring rally have not fundamentally changed, suggesting a high probability of market recovery post-Spring Festival [7][8]. - Historical trends indicate that the spring rally could provide around 20% upside potential, with the current market still having room for further development [4][8]. Investment Strategy - The article suggests a short-term holding strategy during the holiday period, emphasizing the importance of focusing on high-probability stocks, particularly in sectors like power equipment, storage and semiconductor equipment, chemicals, engineering machinery, agriculture, and personal care [5][8]. - It is recommended to consider consumer and travel chains that benefit from the long holiday for potential low-cost investments [5]. Future Market Conditions - The next 1-2 months are expected to present favorable conditions for A-shares, with February and the period around the Spring Festival being historically the strongest for the "spring surge" effect, favoring small-cap stocks [4][8].

近期，全球芯片领域利好消息频出！ 今日（2月11日），韩国海关公布的数据显示，2月前10天，韩国半导体出口额达到67.3亿美元，同比飙涨 137.6%。 上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 同日，三星电子首席技术官Song Jai-hyuk表示，他对该公司在第六代高带宽存储器，即HBM4领域的领先地 位充满信心，该产品的首批产品将于本月晚些时候出货。市场普遍预期，三星电子将在下周农历新年假期后开 始向英伟达发货HBM4产品。而此前一天，有消息称，韩国SK集团会长崔泰源最近在美国与英伟达CEO黄仁 勋会面，双方就高带宽内存（HBM）供应以及更广泛的人工智能业务合作事宜进行了商讨。 值得关注的是，全球投资者正将目光投向亚洲。今日，MSCI亚太基准指数续创新高，盘中涨幅超过1%；今 年1月份，MSCI亚太基准指数上涨7.5%，创2023年以来最佳单月表现，并显著跑赢标普500指数。 有机构指出，当前，全球科技竞赛正从AI技术研发转向大规模应用落地，亚洲企业凭借在先进芯片、高端存 储、晶圆代工、整机组装等关键环节的主导地位，成为AI基础设施建设的主要硬件供应商， ...