Market Overview - The A-share market showed mixed performance with the Shanghai Composite Index up by 0.39% to 4162.88, while the Shenzhen Component Index fell by 0.06% to 14495.09, and the ChiNext Index decreased by 1.04% to 3310.30 [2][15] - The total market turnover reached 250.55 billion yuan [1] Sector Performance - The non-ferrous metals and small metals sectors performed well, with leading stocks like Zhangyuan Tungsten and Yunnan Zhenye reaching historical highs [2][15] - The power sector saw significant gains in the afternoon, with stocks such as GCL-Poly Energy and Min Dong Power hitting the daily limit [8][20] - The cultivated diamond sector surged due to increased demand for PCB drill bits, with stocks like World and Guojin Precision also hitting the daily limit [5][18] AI and Data Center Demand - The demand for AI data centers is expected to drive growth in the power industry, with a projected CAGR of 55% for power capacity demand from 2025 to 2028, resulting in a cumulative demand exceeding 150 GW [9][23] - The capital expenditure (CAPEX) for AI data centers is anticipated to increase significantly, with major internet companies planning substantial investments for 2026 [10][22] Policy Developments - The National Energy Administration plans to revise the Renewable Energy Law and expand green electricity applications by 2026 [11][24] - The State Council has issued guidelines to establish a unified national electricity market by 2030, aiming for 70% of electricity consumption to be market-based [11][24] Rental Computing Sector - The rental computing sector has shown strong performance, with stocks like Cloud Tianli and Tuo Wei Information hitting the daily limit [12][26] - The sector is benefiting from the increasing demand for AI models, with several Chinese models ranking among the top in usage [13][27]

Group 1: Company Developments - A U.S. company claims to have developed a nuclear fusion technology that can produce gold at an annual output of 5 tons, which has raised skepticism among experts due to the high costs and technical challenges involved [3][4]. - The company’s method involves converting mercury-198 isotopes into gold isotopes, but the practicality of this process is questioned, with experts highlighting that the cost of purifying mercury-198 may exceed the value of gold itself [3][4]. - The U.S. Federal Trade Commission (FTC) has reiterated that there is no fundamental difference between Chinese diamonds and those from the West, suggesting that market competition is driving perceptions of quality [8]. Group 2: Industry Trends - The diamond industry in China, particularly in Zhecheng, is experiencing a surge, contributing nearly 80% of global diamond production by May 2025, with significant demand from international clients [4][6]. - The price of diamonds in Zhecheng is reported to be nearly 80% lower than that in foreign markets, attracting customers from abroad [6]. - The market share of Chinese diamonds in the U.S. has dramatically increased from 5% to 90% within three years, indicating a significant shift in consumer preferences [8]. Group 3: Economic Context - The U.S. faces a staggering debt of $37 trillion, raising concerns about a potential debt crisis, which is compounded by the speculative nature of the gold production claims [3][4]. - The status of gold as a safe-haven asset has strengthened, particularly after 2023, as several countries, including India, Brazil, and Saudi Arabia, have increased their gold reserves amid a weakening U.S. dollar [4]. - The ongoing discussions around "artificial gold" and "Chinese diamonds" reflect broader market sentiments and the speculative nature of financial markets, where belief often outweighs factual evidence [8][10].