ETF进化论 炸裂！操纵数据实锤了？ 原创 阅读全文 ...

格隆汇新股 小米、美团、蚂蚁集团投的独角兽冲击IPO，来自上海杨浦区 原创 阅读全文 ...

作者 | 独行侠 数据支持 | 勾股大数 据（www.gogudata.com） 今年 7月，是中国资本市场史诗级的一个月。尤其是大宗商品市场，极致的过山车行情，实属历 史罕见。 前 19个交易日，文华商品指数累计大涨7.2%。其中多晶硅大涨64%，焦煤大涨50%，玻璃大涨 34%。而后短短6个交易日，大盘回吐了一半涨幅，焦煤、玻璃又纷纷重挫20%左右。要知道， 商品往往有10倍或以上的杠杆，赚钱、亏钱都是成比例大幅扩大。 一念天堂，一念地狱。为什么商品市场会如此极端？商品对应的 A股周期股行情又会如何演绎？ 01 从 7月1日开始，不管是大宗商品市场，还是A股市场，均迎来了一波酣畅淋漓的大涨行情。 导火索无它，即 第六次中央财经委员会召开。它的前身是中央财经领导小组， 2018年3月改名 而来，职责是 针对经济领域的顶层设计、总体布局、统筹协调、整体推进、督促落实。 因此，资本市场对此次重磅会议给予了高度关注，并积极定价。尤其是会议中有一句重磅定调： 依法依规治理企业低价无序竞争，引导企业提升产品品质，推动落后产能有序退出。 彼时，市场更在意 "低价"、"落后产能""退出"等关键词，开始与2015年底启动的 ...

ETF进化论 史诗级爆发！最牛基金榜单来了 原创 阅读全文 ...

格隆汇新股 创新药狂飙！中慧生物-B招股中，怎么看？ 原创 阅读全文 ...

Core Viewpoint - The article emphasizes the transition of the AI and robotics sector from conceptualization to practical application, highlighting the importance of companies that can convert concepts into real cash flow to attract market attention and valuation premiums [4][10][24]. Industry Overview - The AI and robotics sector has seen a surge in interest, particularly following the introduction of humanoid robots by companies like Yubiquitous, which has positioned itself as a leader in the industry [7][8]. - Government policies have been supportive, with initiatives aimed at promoting the development of embodied intelligence and humanoid robotics as key future industries [7][8]. Company Focus: Yubiquitous - Yubiquitous has made significant strides in the humanoid robotics space, securing contracts and demonstrating production capabilities, which are crucial for validating its business model [9][10]. - The company recently won a record contract worth 90.51 million yuan for robot equipment procurement, showcasing its growing influence in the automotive sector [9]. - Yubiquitous has also launched the Walker S2, a humanoid robot designed for smart manufacturing, featuring innovative capabilities such as autonomous battery swapping, which enhances operational efficiency [11][18]. Technological Innovations - The Walker S2 introduces several groundbreaking features, including the ability for autonomous battery swapping, which allows for continuous operation without downtime [11][14]. - The robot's "Group Brain Network 2.0" and Co-Agent intelligent system enable collaborative functioning among multiple robots, enhancing efficiency and adaptability in complex environments [15][18]. - Yubiquitous has integrated advanced hardware and software, allowing for rapid adaptation and deployment in various industrial applications [18]. Market Sentiment and Investment - The capital market is showing strong support for Yubiquitous, as evidenced by its recent record stock placement, which raised 24.1 billion HKD (approximately 3.15 billion USD) [21][22]. - Analysts predict significant growth for Yubiquitous, with a projected compound annual growth rate of 260% for its humanoid robotics business from 2025 to 2027 [24]. - Comparisons with other companies in the sector indicate that Yubiquitous has substantial room for valuation growth, given its current market position relative to competitors [23][24].

Core Insights - The ETF market has reached a valuation of $4 trillion, indicating significant growth and interest in this investment vehicle [2] - The article discusses the evolution of ETFs and their increasing popularity among investors, highlighting their advantages over traditional mutual funds [2] Industry Overview - The ETF industry has seen a surge in assets, with a notable increase in inflows, reflecting a shift in investor preferences towards more flexible and cost-effective investment options [2] - The article emphasizes the diversification benefits of ETFs, allowing investors to gain exposure to various sectors and asset classes with lower fees compared to traditional investment funds [2] Market Trends - There is a growing trend of thematic ETFs that focus on specific investment themes, such as technology, sustainability, and healthcare, catering to the evolving interests of investors [2] - The rise of passive investing strategies has contributed to the growth of ETFs, as more investors seek to replicate market performance rather than actively manage their portfolios [2] Competitive Landscape - The competitive landscape of the ETF market is becoming increasingly crowded, with numerous players entering the space, leading to innovation and a wider variety of products available to investors [2] - Major financial institutions are expanding their ETF offerings, indicating a strong commitment to this segment and the potential for further growth in the coming years [2]

Group 1 - Figma is revolutionizing design productivity, targeting a $33 billion full-process product development ecosystem, starting from a $2.2 billion front-end design software market [2] - Figma's core product leverages lightweight design, community proliferation, and collaborative work to gain traction in the global design tools market [2] - The company is integrating AI programming capabilities into collaborative platforms, aiming for a future of "no-code development" [4] Group 2 - The global AI application landscape is on the verge of a breakthrough, with multi-modal large language models (MLLM) emerging as a key evolution point [5][6] - Multi-modal applications are proving to have superior monetization capabilities compared to pure text products, with companies like OpenAI and Anthropic achieving significant annual recurring revenue (ARR) [7] - Midjourney and Runway are examples of companies successfully monetizing multi-modal capabilities, with Midjourney generating $500 million annually and Runway exceeding one million paid users [7] Group 3 - Chinese companies are leading in video generation within multi-modal applications, with firms like Meitu, Kuaishou, and Ruqi Software achieving over $100 million in annual revenue [8] - Meitu's AI design tool has captured 25% market penetration in Southeast Asian e-commerce, while Kuaishou's video generation tool reached an ARR of over $100 million within 10 months [8] Group 4 - There are premium opportunities for technology export, as overseas users show a higher willingness to pay for AI services compared to domestic users [9] - Figma's comprehensive coverage of the design process creates an ecological advantage, while domestic companies need to establish dual barriers in vertical fields [10] - The Chinese government is supporting AI application development through initiatives like the "Digital China Construction 2025 Action Plan" [10] Group 5 - The rise of Figma and multi-modal large models signifies a paradigm shift in productivity tools, requiring both foundational architecture innovation and deep dissection of vertical scenarios [12] - Companies that can convert technological advantages into global market shares are expected to emerge as new commercial legends in the AI landscape [12]

7月30日盘后，微软、Meta两大科技巨头财报引爆市场，股价盘后分别飙升约8.55%、 12.27%，带动美股科技板块热度再攀高峰。 而今天的国内市场也应声而动，美图公司一度暴涨 14%，快手、金山云、麦富时等AI板块标 的纷纷跟涨，整个AI赛道俨然成了资本追捧的" 香饽饽 "！ 在这里，必须恭喜长期跟随格隆汇研究院学习的朋友们，咱们又一次在 AI浪潮中精准踩对节 奏，共享这场产业革命的红利！ 看到这波轰轰烈烈的上涨，不少朋友肯定会好奇：这波 AI板块大爆发的背后，究竟是什么在推 动？股价涨得这么猛，后面还能继续吗？ 别急，且听我们慢慢道来： 这话有一定道理，但显然不够全面 ——要知道，微软和Meta的股价可不是" 昙花一现 "，而 是在业绩硬支撑下的强势爆发，更重要的是，这两份财报撕开了AI商业化的" 遮羞布 "，让市 场看到了实实在在的增长动能。 所以，情绪只是催化剂，真正的核心是基本面的跨越式突破。 那基本面的关键进展是什么呢？是 AI已经从" 实验室概念 "彻底走进" 商业落地 "，成为驱动 巨头收入和利润的核心引擎！ 微软的 Azure云服务增速39%，其中10个百分点由AI贡献；Office365 ...

大肉签首日暴涨92%！7月创新药新股被疯抢，港股IPO持续火爆 原创 阅读全文 格隆汇新股 ...