Core Insights - IBM and The All England Lawn Tennis Club have renewed their technology partnership for multiple years, focusing on enhancing digital experiences for Wimbledon fans through AI and digital transformation [1][2] Partnership Overview - The partnership has been ongoing for 36 years, starting with the launch of the Wimbledon website in 1995 and the mobile app in 2009, with AI solutions integrated since 2017 [1][2] - The new agreement aims to expand Wimbledon's global reach and deepen fan engagement across its digital platforms in 2026 and beyond [2] Engagement Metrics - In 2025, fan engagement across all platforms increased by 16% year-on-year, with over 20 million fans engaging through the app and website [3] - The app specifically saw a 19% increase in engagement and achieved an average rating of 4.9 stars in app stores [3] Awards and Recognition - The partnership has received multiple awards, including the 'Sports Organisation of the Year' at the 2025 Sports Technology Awards for innovative use of AI and technology [4] Future Focus - The All England Club aims to attract the next generation of Wimbledon fans globally, leveraging IBM's AI capabilities to create relevant and personalized digital experiences [5] - IBM emphasizes its commitment to providing interactive digital features powered by AI technology to enhance the fan experience [5][6] Fan Insights - A global survey indicated that 86% of tennis fans value AI-powered features, highlighting the importance of real-time insights and personalized highlights in fan engagement [5]

Core Insights - NRD Companies announced a strategic consolidation of its subsidiary technology development entities, merging UAB "ETRONIKA" into UAB "NRD Systems" to form NRD Digital, effective December 31, 2025 [1][2] Group 1: Strategic Move - The formation of NRD Digital combines two strong delivery entities within the NRD Companies portfolio, enhancing value for clients through a stronger organization and expanded delivery capacity [2] - The consolidation aims to provide clients with access to larger, multidisciplinary teams of professionals, ensuring higher reliability and compliance with various international standards [2][3] Group 2: Operational Efficiency - The merger allows NRD Digital to respond faster and scale more efficiently, supporting complex, mission-critical systems throughout their full lifecycle [3] - The reorganization was executed in accordance with Lithuanian law, ensuring a seamless transfer of rights, obligations, and contractual relationships from ETRONIKA to NRD Digital [3] Group 3: Company Background - NRD Companies is a global IT development and consulting group specializing in governance and economic digital infrastructure, with nearly three decades of expertise [4] - The group operates across GovTech and FinTech sectors, delivering e-services platforms and supporting countries in achieving the UN Sustainable Development Goals through digital transformation [4]

Investment Rating - The report maintains a "Buy" rating for several companies in the Japan Industrial Electronics sector, including Anritsu, Panasonic HD, Hitachi, Sumitomo Electric, Fujikura, SWCC, Mitsubishi Electric, and Daihen. Furukawa Electric and Fuji Electric are rated as "Neutral" [7]. Core Insights - The Japan Industrial Electronics sector is poised for growth driven by technological advancements in AI server power and optics, with companies like Hitachi, Mitsubishi Electric, and Panasonic actively developing new business models to leverage AI's importance [1][12]. - The report anticipates that the implementation of physical AI in social infrastructure will gain momentum, with conglomerates expected to progress in their business portfolio strategies by 2026 [1]. - The sector is experiencing a shift towards higher voltage systems in data centers, which presents opportunities for electrical equipment manufacturers skilled in high voltage applications [22][24]. Earnings Estimates and Target Prices - The report revises FY3/26E-FY3/28E operating profit estimates for the sector by an average of 0%/-1%/-1%, while raising 12-month target prices by an average of 4% [3][7]. - Specific target price adjustments include Anritsu from 2,400 million JPY to 2,600 million JPY, Panasonic HD from 2,100 million JPY to 2,300 million JPY, and Hitachi from 5,900 million JPY to 6,000 million JPY [7][3]. Technological Changes in AI Server Power - Companies like Hitachi and Mitsubishi Electric are increasing their presence in AI server power solutions, focusing on high-voltage DC systems to reduce conversion losses and improve efficiency [12][13]. - The report highlights the importance of battery backup units (BBUs) and hybrid supercapacitors (HSCs) in managing power fluctuations in generative AI data centers, with Panasonic having a strong position in BBUs [16][12]. Technological Changes in AI Server Optics - The report notes a significant shift towards higher communication speeds in data centers, moving from 200-400 Gbps to 800-1.6 Tbps, and the transition to Co-packaged Optics (CPO) [28][29]. - Companies such as Mitsubishi Electric, Sumitomo Electric, and Furukawa Electric are increasing production of optical devices and connectors to meet rising demand [30][31]. Implementation of Physical AI - Hitachi, Mitsubishi Electric, and Panasonic are focusing on integrating AI into industrial applications, with expectations of increased competition as software companies also enter the physical AI space [47][49]. - The report categorizes companies in the sector based on their involvement in AI infrastructure, AI-enabled revenues, and productivity gains, with Hitachi identified as a key beneficiary across all categories [48][49].

Core Viewpoint - Japan's Finance Minister has declared 2026 as "Digital Year One," emphasizing a significant push towards integrating digital assets, including cryptocurrencies, into the mainstream financial system alongside traditional investments [1][7]. Group 1: Digital Transformation Initiative - The initiative aims to accelerate digital transformation within Japan's financial system, marking a shift towards modernizing the approach to digital assets [2][5]. - Japan's government, under the new administration, is prioritizing digital assets for 2026, indicating a renewed commitment to evolving its financial landscape [2][5]. Group 2: Regulatory Reforms - The Financial Services Agency (FSA) plans to reclassify digital assets under the Financial Instruments and Exchange Act (FIEA) by 2026, which is expected to enhance transparency and foster institutional participation [5]. - These regulatory changes are designed to promote broader economic growth through digital finance, positioning Japan as a potential digital finance hub [5][6]. Group 3: Integration with Traditional Finance - Finance Minister Katayama supports the integration of digital assets with traditional financial institutions, allowing banks and asset managers to treat cryptocurrencies similarly to stocks and bonds [8]. - The reforms are anticipated to attract foreign capital, increase market liquidity, and encourage a shift from conservative savings to more productive investments [6][7]. Group 4: Portfolio Diversification - Katayama highlighted the potential of digital assets in portfolio diversification, referencing the popularity of exchange-traded funds (ETFs) in the United States as a model [4]. - The government aims to provide full support for exchanges to ensure secure access to digital assets for the public [4].

Group 1 - Alpha Wealth Insiders Fund reported a return of 4.96% in September 2025, with year-to-date returns reaching 21.37%, outperforming the S&P 500's September return of 3.65% and year-to-date return of 14.83% [1] - The fund highlighted Rockwell Automation, Inc. (NYSE:ROK) as a key investment, noting its one-month return of -0.91% and a significant 52-week gain of 41.60% [2] - Rockwell Automation operates in three segments: Intelligent Devices, Software & Control, and Lifecycle Services, providing products and services aimed at enhancing manufacturing efficiency [3] Group 2 - Rockwell Automation, Inc. is not among the 30 most popular stocks among hedge funds, with 51 hedge fund portfolios holding the stock at the end of Q3 2025, an increase from 49 in the previous quarter [4] - Despite the potential of Rockwell Automation as an investment, the company is viewed as having less upside compared to certain AI stocks, which are considered to carry less downside risk [4]

Core Viewpoint - The Guizhou Provincial Government has issued a three-year action plan to expand private investment, aiming for private investment growth to exceed the overall fixed asset investment growth by 2027, with a target of private investment accounting for approximately 42% of total fixed asset investment [1] Group 1: Private Investment Growth - By 2027, the growth rate of private investment in Guizhou is expected to surpass the growth rate of total fixed asset investment [1] - The plan sets a target for private investment to reach about 42% of total fixed asset investment [1] Group 2: Digital Transformation and Industry Support - The action plan emphasizes the involvement of private enterprises in the "Smart Guizhou" initiative [1] - It includes the implementation of the "Artificial Intelligence +" initiative to promote the application of large models in industries such as sauce-flavored liquor, chemicals, and energy [1] - Support will be provided for leading private enterprises and service providers to build comprehensive digital empowerment platforms [1] Group 3: Infrastructure and Resource Development - The plan encourages qualified private enterprises to invest in the construction of computing power infrastructure [1] - It aims to accelerate the large-scale and green development of computing power resources [1] - The initiative will leverage the national integrated computing power network hub in Guizhou to explore collaborative development mechanisms for computing and electricity [1]

Core Insights - Equinix (EQIX) is positioned as a key player in the global digital infrastructure ecosystem, benefiting from the ongoing digital transformation across industries [1] - Analysts maintain a positive outlook on Equinix, reflected in the upward revision of estimates for 2026 funds from operations (FFO) per share [1] Stock Performance - Over the past month, Equinix shares have risen by 4.6%, outperforming the real estate market, indicating strong fundamentals and positive estimate revisions [2] Market Fundamentals - The integration of artificial intelligence (AI) into operations by enterprises and service providers is driving strong demand for Equinix's services, particularly its geographically diverse portfolio of IBX data centers [4] - More than 90% of Equinix's total revenues over the last three years have come from existing customers, with 36% of recurring revenues generated from its 50 largest customers in Q2 2025 [5] Portfolio Strength - Equinix operates 273 IBX data centers globally, benefiting from a critical mass of customers and a "network effect" that enhances its revenue generation [6] - The company’s strong balance sheet and investment-grade ratings support long-term stability and growth [6] Expansion Efforts - Equinix is actively expanding its data center capacity through acquisitions and new developments, including the opening of its first IBX data center in Chennai, India, and the acquisition of three data centers in Manila for $183 million [9][10] - As of September 30, 2025, Equinix has 58 major projects underway across 34 markets in 24 countries, including 12 xScale builds [10] Financial Strength - As of September 30, 2025, Equinix's liquidity stood at $6.9 billion, with favorable investment-grade credit ratings from Moody's, S&P Global Ratings, and Fitch Ratings [11] - The company has increased its dividend five times in the past five years, with a payout growth of 13.78%, and maintains a payout ratio of 50% of earnings, indicating a sustainable dividend distribution [12]

通过政企协同努力，一批标杆项目崭露头角。贵阳城市运行管理中心入选2025年数字城市创新成果与实 践案例；贵阳"1+3+5+N"数据流通利用基础设施入选国家首批数据流通利用基础设施典型案例；贵阳城 市可信数据空间项目成功入选全国首批13个城市试点项目。打造了"爽贵阳""筑城放心充""百姓身后 事"等一批典型应用，如今贵阳市民只需打开"爽贵阳"APP，就能实现服务需求的便捷直达。 转自：贵州日报 本报讯（记者 王鲁铨）2025年12月30日，贵阳贵安数字应用场景发布会在贵安举行。记者从会上获 悉，三年来贵阳贵安累计发布504个数字应用场景，其中开放场景210个，有效吸引各类市场主体参与， 推动数字政府治理效能提升、民生服务普惠便捷、产业数字化转型深化。 依托大数据产业聚集的优势，近年来，贵阳贵安聚焦数字赋能政府、群众、基层、企业，推动治理、生 活、产业数字化，让大数据走向民生领域，让数字技术服务群众、化解民忧、了解民意，举办数字应用 场景发布会成了常态化，逐渐探索出了政府出场景、出政策、出数据，企业出资建设运营的新合作模 式，共享数字化转型红利。 2025年12月，贵阳贵安聚焦政用、民用、商用三大领域，集中发布2 ...

Core Insights - The article discusses the current state and future prospects of the elevator media industry in China, highlighting its market size, competitive landscape, and growth trends. Industry Overview - Elevator media refers to outdoor media forms that convey information to audiences through digital or traditional means in elevator cabins, hall doors, and waiting areas [1] - The industry can be categorized by carrier type (elevator posters, elevator TVs, interactive terminals), location (in-cabin media, hall door/waiting area media), and technology (traditional media like paper posters and digital media like interactive screens) [1] Industry Chain Analysis - The upstream of the elevator media industry consists of hardware suppliers and property management companies, while the midstream includes elevator media operators, and the downstream comprises clients from various industries [3][5] Industry Development History - The development of the elevator media industry in China can be divided into three phases: the elevator poster era, the elevator LCD era, and the current elevator smart screen era, with smart screens gaining popularity due to their superior video quality [6] Industry Policy Background - Recent policies have been introduced to enhance the regulatory framework for the advertising industry, including the "Advertising Law" and "Internet Advertising Management Measures," which aim to promote the development of the media advertising sector [10][12] Current Industry Status - As of 2024, the total number of elevators registered in China reached 11.53 million, marking a year-on-year increase of 3.2% [17] - The number of elevator advertising media devices has reached 1.7 million, with 1.3 million smart screens and 400,000 LCD screens in 25 major cities [15][16] - The number of brands advertising through elevator media in 2024 is close to 20,000, with 15,000 on smart screens and 4,600 on LCDs [17] - The industry scale of elevator media exceeded 139 billion yuan in 2023, with a growth rate of over 20%, and is projected to surpass 150 billion yuan in 2024 [21] - Significant growth in advertising spending has been observed in sectors such as beverages, food, and cosmetics, with the cosmetics sector seeing over 90% growth in LCD advertising spending [24] Industry Competitive Landscape - In 2024, the market share of major players in the elevator media industry is approximately 74% for Focus Media and 14% for New Trend Media, with the remaining 12% shared among other companies [27] - Key companies are primarily located in provinces such as Guangdong, Sichuan, Shanghai, and Beijing, with Focus Media based in Shanghai and New Trend Media in Sichuan [30] Industry Development Outlook - The industry is expected to transition towards digitalization and intelligence, with smart screens replacing traditional formats and the application of AI, big data, and IoT technologies enhancing personalized content [30] - By 2030, the elevator media industry in China is projected to approach 300 billion yuan, driven by the adoption of new technologies and expansion into lower-tier cities [31]

Core Insights - The article emphasizes the potential investment opportunities in stocks that have underperformed despite a strong overall market performance in the U.S. equities, particularly focusing on companies with solid business models that have been overlooked [1][2]. The Trade Desk (TTD) - The Trade Desk has seen its shares decline nearly 70% from their highs, but the valuation has become compelling after years of being considered untenable [5][8]. - The company operates a leading independent demand-side platform (DSP) for digital advertising, which is increasingly important as advertisers seek transparency and control [6]. - Revenue growth is expected to be in the high teens for the current year and next, with earnings projected to compound at approximately 20.4% annually over the next three to five years [7]. The Blackstone Group (BX) - Blackstone's share price has been pressured due to negative sentiment following the collapse of First Brands Group, which raised concerns about the private credit market [9][10]. - Despite the narrative risks, Blackstone remains a dominant player in alternative investments with a diversified platform and strong fundamentals, including projected revenue growth of nearly 26% next year [11][12]. - The stock trades at approximately 29x forward earnings, which is below industry peers and only modestly above its five-year median multiple, indicating a more reasonable valuation [12]. Salesforce (CRM) - Salesforce has lagged in stock performance due to shifting investor sentiment around AI monetization, but it remains deeply integrated into enterprise workflows [14][15]. - The company possesses a rich dataset and is well-positioned to leverage AI for productivity and decision-making enhancements, with a projected 15% annual earnings growth over the next three to five years [16][17]. - The stock's valuation has reset to approximately 22.6x forward earnings, and the company has consistently beaten earnings estimates, indicating strong execution [17]. Investment Outlook - All three companies—The Trade Desk, Blackstone, and Salesforce—share characteristics of high-quality businesses with reset valuations and intact long-term growth drivers, making them attractive for investors looking toward 2026 [18].