帮主早观察：黄金暴涨、AI分化，周末这三件事必须看懂

Group 1 - The core issue revolves around the recent changes in Trump's tariff policy, where the Supreme Court ruled against the previous tariffs, leading to a new 10% tariff on global goods for 150 days, with potential increases to 15% [3] - The tariffs affect approximately 20% of U.S. imports, impacting countries like China, Mexico, the EU, and Vietnam, which raises concerns about inflation risks rather than alleviating them [3] - The recent economic data shows a significant slowdown, with the U.S. GDP growth for Q4 last year at only 1.4%, much lower than the expected 2.8%, contributing to fears of stagflation [3] Group 2 - OpenAI's adjustment of its total computing power expenditure target to $600 billion by 2030 has been misinterpreted as a cut of $800 billion, highlighting a misunderstanding of the time frame and scope of the figures [4] - AI stocks in Hong Kong have surged, with companies like Zhizhu and MINIMAX seeing significant increases in market value, indicating a shift in investment focus towards companies that can deliver tangible results [4] - The storage chip market is experiencing a seller's market, with SK Hynix reporting a four-week inventory and ongoing price increases due to high demand driven by AI [4] Group 3 - Public funds are preparing to enter the market with over 90 billion yuan, focusing on "technology growth" and "Chinese advantages," indicating a long-term bullish outlook on the tech industry led by AI [5] - The investment strategy for 2026 is expected to be driven by both "risk aversion and growth," with gold serving as a hedge against uncertainty and AI as a growth driver [6] - The storage sector is highlighted as a key indicator of the computing power market, with rising prices and supply shortages signaling potential opportunities for investors [7]