Core Insights - H&H International Investment, managed by Duan Yongping, reported a total portfolio value of approximately $17.49 billion, equivalent to over 120 billion RMB, as of the end of 2025 [2] - The firm significantly reduced its position in Apple, its largest holding, while increasing its stake in NVIDIA by over 1,100% in Q4 [2][3] - Duan Yongping also made initial investments in three AI-focused companies: CoreWeave, Credo Technology, and Tempus AI, with respective portfolio allocations of 0.12%, 0.12%, and 0.04% [2][3] Investment Changes - Apple (AAPL) saw a reduction in shares held from 32,358,507 to 29,887,907, decreasing its portfolio percentage from 60.42% to 50.30% [3] - NVIDIA (NVDA) shares increased from 7,237,100 to 23,876,400, raising its portfolio percentage from 0.76% to 7.72% [3] - Google (GOOG) and Pinduoduo (PDD) were both increased, with PDD seeing a 34.55% increase in shares held [2][3] New Investments - CoreWeave (CRWV) is a cloud service provider focused on AI and high-performance computing, with a portfolio allocation of 0.12% [2][3] - Credo Technology (CRDO) specializes in high-speed connectivity solutions for AI data centers, also holding a 0.12% portfolio allocation [2][3] - Tempus AI (TEM) is a leader in AI-driven precision medicine, with a 0.04% allocation in the portfolio [2][3] Significant Reductions - A substantial reduction of 87.63% was made in ASML, indicating a strategic shift away from this position [2][3] - The firm also reduced its stake in OXY by 2.83% [3] Future Outlook - Duan Yongping expressed a strong interest in understanding AI technologies, indicating a potential for further investment in this sector [4]

STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a positive startGIFT Nifty on the NSE IX traded higher by 32 points, or 0.13 per cent, at 25,83, signaling that Dalal Street was headed for a positive start on Thursday.Tech View: In the short term, 25,500 is likely to act as a crucial support level. As long as it holds, buyers are likely to dominate. On the higher end, the index may extend gains towards 26,000 and above.India VIX: India VIX, which is a measure of the fear in the markets, fell 3.5% ...

纳斯达克中国金龙指数收跌0.04%，热门中概股里，拼多多收涨超1%，美团、百胜中国、新东方、腾讯、比亚迪、百度、阿里至多涨超0.9%，理想跌 0.3%，小马智行跌0.9%，文远知行跌3.8%。 美股三大指数集体收涨，纳指涨0.78%，标普500指数涨0.56%，道指涨0.26%。大型科技股普涨，英伟达、奈飞、亚马逊涨超1%，苹果、特斯拉、谷歌、 Meta小幅上涨。美股黄金概念股集体上涨，泛美白银涨超3%，哈莫尼黄金、金田涨超1%。 ...

【欧股】德国DAX30指数涨264.43点，涨幅1.06%，报25,269.77点；英国富时100指数涨131.73点，涨幅 1.25%，报10,687.90点；法国CAC40指数涨67.57点，涨幅0.81%，报8,429.03点；欧洲斯托克50指数涨 80.81点，涨幅1.34%，报6,102.66点；西班牙IBEX35指数涨240.36点，涨幅1.34%，报18,195.76点；意大 利富时MIB指数涨565.43点，涨幅1.24%，报46,329.50点。 周三，三大指数收涨，科技股领涨。美联储最新会议纪要显示，官员们再次表达了对通胀的担忧，几位 政策制定者建议，如果通胀持续高于目标，央行可能需要加息。 【美股】截至收盘，道指涨129.47点，涨幅为0.26%，报49662.66点；纳指涨175.25点，涨幅为0.78%， 报22753.63点；标普500指数涨38.09点，涨幅为0.56%，报6881.31点。明星科技股多数走高，英伟达 (NVDA.US)涨1.63%，美光科技(MU.US)涨5.3%，微软(MSFT.US)涨0.69%。 城堡证券：软件股惨遭抛售之际，散户正以"前所未见"速度抄底。 ...

Market Overview - Major indices closed higher, with technology stocks leading the gains. The Dow Jones increased by 129.47 points (0.26%) to 49,662.66, the Nasdaq rose by 175.25 points (0.78%) to 22,753.63, and the S&P 500 gained 38.09 points (0.56%) to 6,881.31 [1] - European markets also saw gains, with the DAX30 up by 264.43 points (1.06%) to 25,269.77, the FTSE 100 rising by 131.73 points (1.25%) to 10,687.90, and the CAC40 increasing by 67.57 points (0.81%) to 8,429.03 [1] Cryptocurrency - Bitcoin fell over 1.8% to $66,298, while Ethereum dropped more than 2% to $1,947.26 [2] Commodities - Spot gold briefly surpassed $5,000 before closing at $4,976.39 [3] - WTI crude oil rose by 4.6%, closing around $65 per barrel, while Brent crude surpassed $70 per barrel for the first time in over two weeks [4] Economic Data - U.S. industrial production growth reached its highest level in nearly a year, with a 0.7% increase driven by broad manufacturing growth and healthy utility output. Manufacturing output alone grew by 0.6%, marking the largest increase since February 2025 [5] - New housing starts in the U.S. rose to their highest level in five months, with a year-over-year increase of 6.2%, reaching an annualized rate of 1.4 million units [5] Federal Reserve Insights - The latest Federal Reserve meeting minutes revealed a shift in focus from labor market risks to inflation concerns, with officials warning that progress in reducing inflation may be slower and more uneven than expected [7] - There is little willingness among Federal Reserve officials to lower interest rates, with most preferring to see more progress on inflation before considering any cuts [8] Company News - Figma reported Q4 revenue of $300 million, a 40% year-over-year increase, exceeding guidance. The company anticipates Q1 revenue between $315 million and $317 million [10] - Bank of America is expanding its rewards program to attract more customers, allowing all checking account holders to enjoy rewards regardless of their balance, aiming to double profits in its consumer business to $20 billion by the end of the decade [11]

Group 1 - Nouriel Roubini predicts U.S. GDP could approach 4% by the end of the decade, driven by a technology revolution rather than fiscal stimulus or deregulation [1] - Roubini estimates that productivity gains from technology could increase U.S. potential growth by 200 basis points, while tariffs and immigration policy could drag it down by 50 basis points, emphasizing that "Tech trumps tariffs" [2] - Prediction markets show skepticism about Roubini's optimistic GDP growth forecast, with a 24% chance of recession by the end of 2026 and only a 6% probability of growth exceeding 4% in 2026 [3] Group 2 - Roubini warns that the benefits of AI and automation may lead to a decrease in labor's share of income, resulting in a collapse of aggregate demand as workers lose purchasing power [4] - He suggests that Universal Basic Income may become necessary as a solution to manage permanent structural unemployment, indicating a need to redistribute wealth from winners to losers to avoid potential social unrest [5] - If Roubini's predictions hold true, a 2% productivity boom could justify capital expenditures and present current market selloffs as buying opportunities [6]

Market Performance - The U.S. stock market experienced a slight increase, primarily driven by Nvidia, which is a significant player in the market [1] - The S&P 500 rose by 0.6%, closing at 6,881.31, while the Dow Jones Industrial Average increased by 0.3% to 49,662.66, and the Nasdaq composite gained 0.8% to 22,753.63 [2] - For the week, the S&P 500 has seen an increase of 0.7%, reflecting a rise of 45.14 points [2] Year-to-Date Performance - Year-to-date, the S&P 500 is up 0.5%, with an increase of 35.81 points [3] - The Dow has risen by 3.3%, amounting to an increase of 1,599.37 points [3] - The Nasdaq has decreased by 2.1%, down 488.36 points, while the Russell 2000 index has increased by 7.1%, up 176.70 points [3] Influential Factors - Nvidia's influence on the market was highlighted after Meta Platforms announced a deal to utilize millions of Nvidia's chips in AI data centers, contributing to the market's upward movement [1]

Group 1: Investment Strategy - Investing a small fraction (5% to 10%) of a portfolio in high-risk, high-reward stocks can be a fun strategy for those who can handle the volatility [1] - Long-shot stocks carry a high risk of failure and may not yield expected returns [1] Group 2: SoundHound AI - SoundHound AI (NASDAQ: SOUN) is integrating audio recognition technology with generative AI, with applications in various business interactions [2] - The company has seen primary success in automating order-taking in restaurants and is expanding into customer service [2] - In Q3 2025, SoundHound AI reported a 68% revenue growth, yet its stock is down approximately 70% from its all-time high, currently trading at 20 times sales, indicating a potential buying opportunity [3] Group 3: Nebius - Nebius (NASDAQ: NBIS) focuses on building data centers equipped with Nvidia processors and renting them out, providing a full-stack solution for AI model training and operation [4] - The company ended 2025 with $1.25 billion in annual recurring revenue, projected to grow to between $7 billion and $9 billion by the end of 2026, indicating significant growth potential [5] - If Nebius meets its projections and continues to expand its computing capabilities, the stock is expected to perform exceptionally well throughout 2026 and beyond [5]

Core Insights - The semiconductor industry is crucial for the advancement of artificial intelligence (AI), as advanced chips are necessary for improving AI models and delivering applications to customers [1] Group 1: Company Performance - Broadcom has emerged as a leading supplier of data center chips and networking equipment for AI workloads, experiencing a significant increase in demand [2] - Broadcom's stock delivered a remarkable 49% return last year, outperforming Nvidia's 38% gain [2] - The company is expected to report approximately $19.1 billion in total revenue for the fiscal 2026 first quarter, reflecting a 28% increase from the previous year, primarily driven by AI hardware sales [7] Group 2: Product Offerings - Broadcom's AI accelerators are being adopted by major AI companies, including Alphabet and Anthropic, with the latter placing orders worth a combined $21 billion for Ironwood chips [4] - The company provides advanced data center Ethernet switches, such as the Tomahawk 6-Davisson switch, designed to manage large datasets for AI workloads, with a capacity of 102.4 terabits per second [5] - Broadcom has launched a new Wi-Fi 8 enterprise networking solution tailored for edge devices, aimed at supporting the increasing throughput demands of AI applications [6] Group 3: Market Trends - Hyperscalers like Alphabet are increasingly turning to Broadcom's AI accelerators as customizable alternatives to Nvidia's GPUs for specific workloads [3]

其他市场方面，随着华尔街消化美国和伊朗之间的最新进展，油价跳涨。美国副总统JD·万斯周二表 示，伊朗在本周的核谈判中未能回应美国的红线，军事行动仍有可能。 科技股七巨头的另一成员亚马逊在监管文件显示比尔·阿克曼的Pershing Square基金在第四季度将其在这 家电商巨头的持股增加了65%后，股价也上涨了2%。这使得亚马逊成为该基金的第三大重仓股。该股 此前刚刚结束了连续九天的下跌。 美光科技股价在大卫·泰珀的Appaloosa Management增持这家芯片制造商股份后也出现上涨。该股尾盘上 涨超过5%。 在這些股票提振大市的同时，Logan Capital Management的斯蒂芬·李指出，科技领域中一些"不太为人熟 知"的股票也表现良好，包括工业技术类股，例如天宝导航公司（Trimble）。该公司股价当日上涨2%。 "当我们剥开表象，审视相对赢家时，我不确定今天是否真的推翻了市场正在扩大的观点，"这位创始负 责人表示，并补充说市场正变得"越来越有辨别力"。 投资者仔细考虑了美联储1月的会议纪要。纪要显示，与会者普遍赞同央行将关键利率维持在3.5%至 3.75%区间不变的决定。然而，官员们对随后 ...