Market News - US stock market opened lower but closed higher, with the Nasdaq up 0.44%, S&P 500 up 0.41%, and Dow Jones up 0.3% [1] - Major tech stocks mostly rose, with Tesla and Nvidia up over 1%, while Google, Microsoft, and Intel saw slight declines [1] - Chinese concept stocks mostly increased, with the Nasdaq Golden Dragon China Index up 0.72%, and notable gains from Hesai (up over 14%), NIO (up 10%), and Xpeng (up over 5%) [1] - International gold futures rose by 0.75% to $3443.20 per ounce, while silver futures fell by 0.02% to $38.70 per ounce [1] - International oil prices collectively declined, with WTI crude down 2.30% to $63.31 per barrel and Brent crude down 2.15% to $66.75 per barrel [1] - European stock indices closed lower, with Germany's DAX down 0.5%, France's CAC40 down 1.7%, and the UK's FTSE 100 down 0.6% [1] Industry Insights - Huawei is set to launch a new product, AISSD, targeting the AI storage market, providing large-capacity storage solutions to meet AI training and inference needs [2] - Huawei Cloud announced organizational restructuring to focus on AI development, increasing investment in areas like the Pangu model and Ascend Cloud [2] - The "storage instead of computing" approach enhances computing efficiency by transferring AI inference vector data from DRAM to SSD, significantly reducing latency and cost per token [2][3] - The AISSD is designed for AI applications requiring high data throughput, low latency, and high IOPS, differentiating it from standard SSDs [3] - The Chinese government released an opinion on implementing "AI+" actions, aiming for deep integration of AI in six key areas by 2027, with a target of over 90% application penetration by 2030 [4] - The initiative is expected to drive economic transformation, enhancing automation and digital upgrades in traditional industries while fostering new AI-driven sectors [4] - The Ministry of Industry and Information Technology plans to issue second batch of millimeter-wave private network frequency licenses, indicating maturity in the domestic millimeter-wave 5G industry [5][6] - Millimeter-wave technology is crucial for maximizing 5G performance, with theoretical speeds of 1-10 Gbps, suitable for applications like VR and autonomous driving [6] Stock Movements - Shenma Electric announced a plan for a major shareholder to reduce holdings by up to 3% of total shares [7] - Chipon Technology and Panda Dairy also announced plans for significant share reductions by their respective shareholders [7][8] - Other companies like Zhongwei Company and Deep Science and Technology are also planning share reductions for personal financial needs [9][10]