Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgent need for energy to support its growth [1][2][3] Industry Overview - Wall Street is investing hundreds of billions into AI technologies, but there is a critical question regarding the energy supply needed to sustain this growth [2] - AI technologies, particularly large language models, are extremely energy-intensive, with data centers consuming as much energy as small cities [2] - The demand for electricity is rising, and power grids are under strain, leading to increased electricity prices and a need for utilities to expand capacity [2] Company Insights - A specific company is highlighted as a key player in the energy infrastructure sector, poised to benefit from the increasing energy demands of AI [3][6] - This company owns critical nuclear energy infrastructure assets and is capable of executing large-scale engineering, procurement, and construction projects across various energy sectors [7] - The company is positioned to profit from the surge in U.S. LNG exports, particularly under the current administration's energy policies [7] Financial Position - The company is noted for being debt-free and holding a significant cash reserve, which is approximately one-third of its market capitalization [8] - It also has a substantial equity stake in another AI-related company, providing investors with indirect exposure to multiple growth opportunities without high premiums [9] Market Sentiment - There is a growing interest from hedge funds in this company, which is considered undervalued and off the radar compared to other AI and energy stocks [10][11] - The company is trading at less than 7 times earnings, making it an attractive investment option in the current market [10] Future Outlook - The ongoing AI revolution is expected to disrupt traditional industries, and companies that adapt to these changes are likely to thrive [11][12] - The influx of talent into the AI sector is anticipated to drive rapid advancements and innovative ideas, reinforcing the potential for significant returns on investment in this field [12][13]

近期黄金市场波动较大，您对黄金的短期和中期走势有何看法？ 黄金的长期上涨逻辑没有改变，短期内由于技术性超买出现了一定回调。根据 1978 年至今的数据，黄金在创下历史新高后单日下跌超过 5%的情况下，一周 和一个月的中位收益分别为-0.6%和-0.7%。但拉长至一年维度，收益分化明 显，例如 1979 年涨幅达 71%，而 1980 年和 2011 年分别亏损 28%和 8%。 我们认为在 2026 年的一二季度黄金依然有上行趋势，中期配置可考虑在十周 线（约 4,567 点）进行布局，如果继续下跌则可在 20 周线（约 4,292 点）进 行配置。 对于白银市场近期的剧烈波动，有什么具体原因及未来预判？ 白银近期的剧烈波动主要是由于市场操纵行为以及基本面因素。11 月份白银逼 空行情缺乏基本面支持，其上涨更多是价格驱动导致投资者跟风。国外矿商减 美国经济前景光明，受益于 AI 发展，预计将与中国形成两极化格局。短 期内，美国仍面临高债务和通胀粘性问题，政策操作空间受限。沃什的 政策立场偏中性，长期利好消费股和中小企业。 中国高端制造业发展提升企业 ROE，长期利好股市和汇率。但短期内存 在结构性风险，如垃圾 ...

点击小程序查看报告原文 A股今日表现偏弱 ， 上证指数下跌2.5%。 2026年初A股市场在乐观预期、产业事件性催化、流动性相对充裕等因素影响下延续上行趋势，但换手率过 高、情绪偏热后，市场自1月13日震荡调整。今日A股市场主要指数普跌，上证指数跌2.5%，沪深300跌2.1%，偏成长风格的科创50和创业板指分别跌 3.9%、2.5%，中证红利跌3.1%。成交层面，今日成交额2.6万亿元，较前一个交易日缩量约0.26万亿元。行业层面，食品饮料、银行表现相对韧性，其他 行业普跌，此前连续上行的有色金属板块今日跌幅较大，作为权重板块拖累指数表现。与此同时，今日已收盘的亚太市场整体表现不佳，恒生指数跌 2.2%，日经225跌1.3%，韩国KOSPI跌5.3%。 今日A股出现较大调整，主要来自外部不确定性提升。 包括： 1）下一任美联储主席提名影响美宽松预期。 1月30日美国总统特朗普在社媒宣布，提名美 联储委员会前理事凯文·沃什为下任美联储主席[1]。沃什曾被认为是货币政策偏"鹰派"人物，但近期公开表示倾向于较低的利率，支持采取"缩表+降息"的 组合[2]。与此前其他热门候选人相比，沃什过往的"鹰派"立场削弱了市场 ...

Joining us now though for some insight into some of the expectations for these numbers, I'd like to welcome in Scott Kesler, TMT sector analyst at Third Bridge. Scott, thanks so much for joining us ahead of this pretty big report, I can imagine. So, does the fact that shares have repriced a bit to the downside from those those highs seen earlier in 2025, does this give you any encouragement or do you think this is more reflective of some of the the market's appetite for these big spenders and big players in ...

Bitcoin mining stocks faced a sea of red Monday as a sharp decline in cryptocurrency prices collided with analyst skepticism regarding the sector’s expensive transition to AI. Stock prices have dropped alongside bitcoin’s 10% correction over the last week despite a flurry of announcements regarding data center expansions. HIVE dropped 8.2% to $2.56 on Monday’s open. The miner recently announced plans to grow its Paraguay operations by 100 megawatts in 2026 and launched a new high-performance computing b ...

Core Insights - AIxCrypto Inc. is advancing its platform that bridges Web2 to Web3 using Embodied AI and Real World Assets, as highlighted in a recent business update from Co-CEO Jerry Wang [1] Financial Transactions - AIxCrypto has signed a stock purchase agreement to fund FF with $10 million, which will be exchanged for FF Class A common stock, with the closing expected around February 13, 2026, pending shareholder approval [2] - This transaction represents a new model where a U.S.-listed public company directly invests equity to leverage Real World Asset technology, aiming to connect traditional capital markets with decentralized ecosystems [3] Product Development - AIxC Hub has achieved over 1 million registered wallets and launched Tenki, an AI-powered interactive game designed for user engagement and retention, enhancing the platform's Embodied AI architecture [4] - On the launch day, AIxC's official X account ranked 7 in regional discussion leaderboards, indicating growing visibility in high-growth Asian markets [5] Strategic Collaborations - AIxCrypto announced a strategic collaboration with the Sei Development Foundation, focusing on open-source protocols and innovative infrastructure solutions for future mobility and EAI initiatives [6][7]

2026.02. 02 本文字数：2066，阅读时长大约4分钟 作者 | 第一财经 郑栩彤 腾讯又开始发红包了，这次不是11年捧起微信支付的5亿元红包，而是试图托举AI应用元宝的10亿元红包。 2月1日凌晨开始，越来越多用户涌入腾讯元宝，元宝红包也涌入微信群聊。随之，元宝登顶苹果商店免费App排行榜，超过字节跳动旗下的豆包。不 过，一方面是依托微信社交裂变带来的流量，另一方面是对微信社交生态的影响，元宝的"红包雨"也引发了争议。 领取元宝红包的规则并不难。用户在元宝App点进红包入口就能抽奖，有机会抽中现金红包、红包膨胀卡（让红包金额翻相应倍数）、价值1万元的小 马卡。用完每日抽奖次数后，可以做任务获得更多次数。这些任务多是引导用户使用元宝的对话、生图功能，还有一种是分享红包，每人每天可以向微 每个红包领取上限是10个，每1人领取，分享者的抽奖次数就增加1次。这种设置天然适合红包在群聊中传播。此次引发争议的，正是红包在群聊中刷 屏。 围绕元宝红包的争议，既折射出AI厂商在争夺AI入口时的焦虑，又折射出用户对AI应用走出营销、靠实力说话的期待。对腾讯而言，愿意用社交大盘托 举一个新兴的AI应用，腾讯必然对元宝投 ...

Core Viewpoint - Nvidia's ambitious plan to invest up to $100 billion in OpenAI has encountered internal doubts and is currently being reassessed, potentially leading to a significantly smaller investment [2][3][5]. Group 1: Investment Details - Nvidia had initially announced plans to invest up to $100 billion in OpenAI to strengthen their partnership and support OpenAI's data center expansion [2]. - Current discussions are focusing on a smaller equity investment, potentially in the tens of billions of dollars, as part of OpenAI's ongoing fundraising efforts [3]. Group 2: Internal Concerns - Nvidia executives have raised concerns regarding the scope and structure of the proposed deal, leading to a reevaluation of the partnership [2]. - CEO Jensen Huang indicated that the original $100 billion proposal was nonbinding and never finalized, expressing caution about the investment [5]. Group 3: Competitive Landscape - Huang has voiced concerns about OpenAI's financial discipline, particularly regarding its aggressive spending to scale infrastructure [6]. - OpenAI faces increasing competition from major players like Alphabet's Google and Amazon-backed Anthropic, which may influence Nvidia's investment decision [7]. Group 4: Market Interest - OpenAI is reportedly seeking to raise up to $100 billion at a valuation of approximately $830 billion, attracting interest from major tech firms and investors [8]. - Amazon is also in discussions to invest tens of billions in OpenAI, with potential figures reaching $50 billion [9].

白银的疯狂上涨，说实话我已经见怪不怪了，其实白银这波暴涨，核心还是美元信用体系出了大问题，再加上工业刚需、资本操作和政策助力，多重力量叠 在一起才造就了这场疯狂。最根本的原因，就是美国的债务危机和美元霸权的衰落。截至2026年1月，美国国债已经突破38.64万亿美元，占GDP比重超 135%，每年的利息支出就超1万亿美元，只能靠借新还旧维持，形成了恶性循环。为了化解债务压力，美联储只能放水，搞债务货币化，这就导致美元购买 力不断下降，大家都想找实物资产避险，黄金白银自然成了首选，而白银既有贵金属的金融属性，价格又比黄金便宜，自然成了资金追捧的焦点。 最危险的是，美国的债务危机和金融市场的泡沫，已经到了濒临破裂的边缘。美国靠债务货币化缓解压力，本质上就是饮鸩止渴，长期的宽松政策已经催生 了巨大的资产泡沫，白银的疯狂就是泡沫的缩影。 除此之外，工业刚需也给白银涨势托了底。全球60%的白银需求来自工业，中国更是占到90%，尤其是光伏、新能源汽车和AI产业的爆发，成了"吞银兽"。 光伏的N型电池银耗比传统技术高很多，电动车用银量是燃油车的1.5-2倍，AI服务器的GPU也离不开白银，而且这些技术短期内没有替代方案，再 ...

Core Viewpoint - The recent nomination of Warsh has triggered a global asset adjustment, with significant correlations observed between the cumulative adjustment since January 30 and the year-to-date performance of major global indices and commodities [1][23]. Group 1: Market Reactions - Asian stock markets, cryptocurrencies, and commodities have experienced notable risk adjustments, primarily attributed to liquidity expectations following Warsh's nomination as Fed Chair, but fundamentally driven by prior overly optimistic trading conditions [1][23]. - The Hong Kong stock market sentiment index approached the upper threshold of 70%, with future 12-month PE valuations returning to pre-October highs from the previous year, alongside record highs in precious metals and the South Korean stock market [2][25]. Group 2: Future Outlook - Warsh's short-term impact on asset prices is expected to be more narrative and emotional, with limited substantial influence on existing Fed monetary policy paths, as factors like U.S. employment, inflation, and liquidity in the repurchase market remain critical [6][26]. - For A-shares, the year-to-date increase is supported by favorable domestic fundamentals, a "good start" policy, and ample liquidity, with core drivers for the spring market remaining unchanged [6][28]. Group 3: Investment Opportunities - Focus on sectors with lower recent gains but strong logical support, such as high-performing technology manufacturing, AI applications, and the price increase chain, which includes oil and domestic-driven sectors [8][32][37]. - The AI application sector is highlighted for its potential, with a dense catalyst period in February and a reasonable level of crowding, making it a focal point during the fundamental gap [10][34].