猫哥又是大赚的一天，这几天虽然港股走势很弱，但猫哥却把仓位全部换成了美股的空头，一直坚信美 股AI泡沫必然崩盘，昨天终于迎来了不错的收获。 还记得猫哥前段时间说过的话吗？猫哥在Palantir市值4500亿美元以及英伟达市值4.5万亿美元的时候， 全仓做空了两大泡沫。短短不到一周时间，Palantir的空头仓位已经盈利20%，而英伟达的空头仓位也已 经盈利5%，现在还有人质疑猫哥做空美股的操作吗？ 反观今天的中国资产，虽然港股整体表现一般，但赚钱效应确实不错，相当多的板块集体大涨，至于A 那边则更加强势，面对隔夜美股的崩盘，上证指数仍然逆势上涨，这可以说是非常非常非常的强势。 伴随着美联储降息，美股势必有恐慌性的抛压，届时中国资产将会加速腾飞！时代的红利，再不抓住， 你可能会面临失去的10年。 【走势复盘】 1、泡泡玛特和老铺黄金相继公布了业绩，双双远远超出市场预期，两家公司均涨近9%，新消费板块板 块今日表现极为强劲，带动了整体的赚钱效应。 2、舜宇光学科技、丘钛科技等苹果供应链今日表现也不错，尤其是舜宇光学交出了一份远超市场预期 的业绩，iPhone 17已经进入量产阶段，苹果供应链的行情短期不会结束。 ...

Core Viewpoint - The Japanese Prime Minister Shigeru Ishiba proposed the "Indian Ocean-Africa Economic Zone Initiative" aimed at establishing a logistics network connecting Africa and the Indian Ocean, enhancing regional connectivity and creating a free and fair economic zone [2][4]. Group 1: Economic Cooperation and Development - The 9th Tokyo International Conference on African Development (TICAD9) is attended by over 40 African heads of state, with a focus on transitioning from aid to investment in response to Africa's evolving needs [4][8]. - Ishiba emphasized the importance of expanding free trade to enhance regional connectivity, promote trade and investment, and achieve further growth [4][5]. - Japan aims to integrate Africa's vitality into its own development, recognizing Africa as a "growth center" due to its rich natural resources and population growth [5]. Group 2: Investment and Technology - Japan plans to invest in infrastructure, resource energy, and IT sectors in Africa, addressing social issues and creating job opportunities for the youth [5]. - The Japanese government intends to support the development of digital fields, including AI, by collaborating with African universities to train 30,000 AI professionals over three years [5]. Group 3: Strategic Importance of Africa - The conference highlights Japan's strategic focus on Africa, particularly in light of China's increasing influence and the need for transparent development cooperation [6][10]. - Africa is viewed as a key region for economic security, with significant reserves of rare metals and rare earth elements essential for electric vehicles and electronic devices [10].

神译局是36氪旗下编译团队，关注科技、商业、职场、生活等领域，重点介绍国外的新技术、新观点、新风向。 编者按：别再迷信提示词魔法了，AI更像是需要"入职"的新同事。给足上下文，它就是你的专属思考伙伴。如果你正在寻求大家都在谈论的、AI许诺可带来 的生产力提升，那就看看这篇指南吧。文章来自编译。 先分享一件我的糗事：11个月前，我工作时还完全不用AI。 我和团队当时正在开发供数万人使用的AI产品。但轮到在我自己的工作中使用AI时，我却持抵制的态度，还引以为傲。 我不想让自己的言论听起来像网上的乌合之众。我担心如果让AI工具为我做事，我会失去自己的优势。我在尝试使用ChatGPT时，发现它在处理战略和创新 性工作方面令人失望——就像在咨询一个话痨版的维基百科一样。 在内心深处，我感到很沮丧，因为我似乎不懂那些只有网红们才知道的、如同魔法咒语般的提示词技巧。 后来，我的工程团队为了一个大型项目而启动了一个文书工作繁重的Scrum新版本，要求我撰写数十个详细的用户故事。我根本跟不上进度，一下子成了团 队的瓶颈。 我做了任何一个经验丰富的产品经理都会做的事：抱怨和发牢骚。最终，我的工程经理Oleksii决定可怜可怜我， ...

Core Viewpoint - The article discusses the emergence of the "post-00s" generation as a significant force in the stock market, highlighting their unique experiences and challenges in navigating the current bull market [2][3]. Group 1: New Investors' Experiences - The "post-00s" generation has become the main force in opening stock trading accounts, surpassing other age groups for the first time in July [2]. - Many new investors, like Liu Chenyang, have transitioned from traditional jobs to full-time trading, often driven by initial successes and peer influences [5][7]. - Liu expresses that the pressure of full-time trading is greater than that of a regular job, with concerns about missing opportunities overshadowing financial losses [7]. Group 2: Investment Strategies and Mindsets - Experienced investors emphasize that successful full-time trading requires significant capital (at least 1 million yuan) and extensive experience (over 10 years) [8]. - Chen Er, a "post-00s" investor with five years of experience, reflects on the importance of developing a systematic investment strategy rather than relying on luck [10][11]. - The article notes that many new investors quickly jump into trading without thorough research, often influenced by short-term gains [12]. Group 3: Generational Perspectives on the Market - The article contrasts the perspectives of older investors, like Lao Li, who are cautious and skeptical, with younger investors, like Xiao Li, who are more optimistic and tech-savvy [13][14]. - Xiao Li believes that the current market offers opportunities that differ from those of previous generations, attributing this to the rapid information access and learning capabilities of the "post-00s" [14]. - The article concludes with a cautionary note about the potential pitfalls of the market, suggesting that new investors may underestimate the challenges ahead [14].

Group 1 - SoftBank Group has decided to invest in Intel, which is seen as part of a semiconductor strategy centered around artificial intelligence (AI) [1][2] - The investment amount is $2 billion, with SoftBank purchasing shares at $23 each, significantly lower than Intel's previous price of over $50 [1][2] - There are three main questions regarding this investment: Intel's status as a manufacturer, the low ownership stake of 2%, and Intel's failure to keep up with innovation [2][4][5] Group 2 - Son Masayoshi, the chairman of SoftBank, has a history of seeking long-term investments rather than short-term gains, indicating a strategic vision for Intel's potential revival [1][6] - The investment may enable collaboration between ARM, owned by SoftBank, and Intel, potentially addressing Intel's power consumption issues while leveraging ARM's low-power technology [12] - The partnership could signify a shift in the semiconductor landscape, allowing Intel to regain relevance in the AI era by collaborating with ARM, which has historically viewed Intel as a competitor [14][15]

Core Viewpoint - Pengding Holdings plans to invest a total of 8 billion yuan in the Huai'an Industrial Park to expand its production capacity for flexible circuit boards, targeting the rapidly growing AI application market [1][2]. Investment Details - The investment period is set from the second half of 2025 to 2028, with funding sourced entirely from the company's own funds [2]. - The purpose of the investment is to leverage the AI trend, utilizing the ONE AVARY product technology platform to accelerate the company's full industry chain layout in AI, enhancing overall competitiveness [2]. Impact on Company - The investment is expected to accelerate the layout of the company's AI product line, improve technical strength and mass production capabilities in the AI computing power field, and expand operational scale [2]. - In the first half of the year, the company achieved operating revenue of 16.375 billion yuan, a year-on-year increase of 24.75%, and a net profit attributable to shareholders of 1.233 billion yuan, up 57.22% year-on-year [2]. - The automotive and server board business generated revenue of 805 million yuan, marking a significant year-on-year growth of 87.42%, making it the fastest-growing segment [2]. - As of June 30, the company had cash and cash equivalents of 13.074 billion yuan and a debt-to-asset ratio of 29.24% [2].

2025.08.20 本文字数：1653，阅读时长大约3分钟 作者 |第一财经 后歆桐 随着市场押注美联储降息以及本周稍晚的杰克逊霍尔会议将顺应市场预期，美股投资者最近一周开始转 向此前受到冷落的、估值低廉、且会受益于利率下降的板块，包括住宅建筑类股和小盘股等，使得这些 股票强劲反弹。 据LPL Financials数据，道琼斯美国住宅建筑商精选指数(DJSHMB)已攀升至其200日和50日移动均线上 方，这是一个技术性上涨势头的信号。根据FactSet的数据，iShares美国住宅建筑业ETF (ITB)过去一周 上涨了5.6%，住宅建筑商D.R. Horton Inc. (DHI)和Lennar Corp. (LEN)等个股分别上涨了5.8%和9.2%。 小盘股罗素2000指数(RUT)过去一周同样上涨了3.1%。而同期，标普500指数上涨0.9%，纳斯达克综合 指数(COMP)上涨0.8%，道琼斯指数(DJIA)当周上涨1.7%。 虽然近期反弹强劲，但住宅建筑商股的反弹幅度仍落后于标普500指数，后者已较4月特朗普宣布关税政 策后的低点反弹了约20%。美国与几个贸易伙伴近期陆续达成贸易协议，但关税目前仍 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 国家开发银行研究院 田惠敏 ◇ 本文原载《债券》2025年7月刊 摘 要 在加快发展新质生产力的背景下，应通过改革创新促进债券市场高质量发展。本文分析了当前债券市场 在产品、技术和制度等方面存在的不足与挑战，提出以产品创新来激发科创企业融资需求，以技术创新 赋能债券市场数字化、智能化革新，以制度创新来破解结构性矛盾，并最终在三者基础上构建"三位一 体"创新路径，更好激发创新的协同效应。 关键词 高质量发展 改革创新 科创债 数字化 近年来，我国金融业发展速度加快，金融领域持续创新，金融体系更加复杂，开放度持续提升。金融 是"国之大者"，关系中国式现代化建设全局，金融改革的迫切性进一步凸显。债券市场在我国金融体系 中的重要性与日俱增。根据万得（Wind）数据，截至2025年2月末，我国债市存量规模已突破180万亿 元，规模继续保持全球第二，竞争优势持续强化。 党的二十届三中全会对深化金融体制改革作出一系列系统性部署，提出加快发展多层次债券市场，提高 直接融资比重。在做好风险防范的前提下，引 ...

8月11日，一则关于英伟达与美国超威半导体公司(AMD)的消息在全球科技界掀起波澜。据报道， 这两家美国芯片巨头为换取对中国市场的出口许可，被迫同意将其在中国人工智能(AI)芯片销售收入的 15%上缴美国政府。这一史无前例的安排，不仅引发美国股市震荡，更将美国政府与本国高科技企业的 矛盾推至台前。表面上看，这是美国以国家安全为由对技术出口的管控，但究其本质，却暴露出美国政 策制定者对科技企业利益的漠视，以及对全球市场竞争规则的粗暴干预。 美国政府的这种政策干预突破常规安全管制，直接以行政手段侵蚀企业盈利能力与创新根基。 从财务层面看，分成机制对企业利润形成硬性切割。据美国投资研究机构伯恩斯坦公司数据，英伟 达H20芯片2025年对华销售额预计将达到150亿美元至230亿美元，按15%比例分成，美国政府可从中获 得22.5亿美元至34.5亿美元，这意味着企业年利润减少的规模，足以覆盖一项关键芯片架构的研发投 入。英伟达2025财年二季度中国区营收37亿美元，当期需上缴约5.55亿美元；而该企业每年将营收的 25%投入研发，这部分资金的流失直接压缩了企业的研发空间，制约了产品迭代速度。 法律层面的争议也进一步加剧 ...

Group 1: European Tech Ecosystem Transformation - The second term of President Trump is inadvertently revitalizing the European tech ecosystem, driven by protectionist U.S. economic policies and unreliable support for Ukraine, leading to increased investment in European defense startups [1] - European investors and entrepreneurs are embracing "technological sovereignty," focusing on key areas such as artificial intelligence (AI) and climate technology, with a shift in funding priorities towards strengthening critical technologies in Europe [1][2] Group 2: Defense Technology Investment Surge - Defense technology has become a core focus for investors globally, particularly in Europe, with European defense startups raising a record $2.4 billion last year and $2.11 billion so far this year [2] - The uncertainty surrounding the Trump administration's stance on Ukraine and NATO has prompted Europe to seek military and economic independence, inspiring a new generation of entrepreneurs to engage in essential sectors like energy and defense [3] Group 3: Shift in Investment Philosophy - Historically, defense technology financing was limited due to ESG (Environmental, Social, and Governance) restrictions, but this is changing as limited partners (LPs) are removing these constraints to allow more freedom in investing in defense-related technologies [3] - European government leaders, including President Macron and Prime Minister Starmer, are committing billions to national AI projects, emphasizing "AI sovereignty" amid rising trade tensions with the U.S. [4][5] Group 4: Climate Technology Opportunities - The reduction of funding for clean energy projects in the U.S. is driving many climate tech startups to look towards Europe as a haven for innovation and government support [6] - European entrepreneurs and venture capitalists are seizing a "historic opportunity" to establish a coherent identity and strategy in global tech competition, positioning Europe as a refuge for technology, science, and progress [6]