Core Viewpoint - The article presents a cautious perspective on the investment potential of United States Antimony (UAMY), highlighting its rapid rise over the past year and suggesting a need for a more measured analysis of its future prospects [1]. Company Analysis - United States Antimony (UAMY) has experienced significant growth in the past 12 months, indicating a potentially lucrative investment opportunity [1]. - The author emphasizes the importance of rigorous standards in investment decisions, reflecting a disciplined approach to evaluating UAMY [1]. Sector Insights - The author has a strong background in the tech sector, particularly in SaaS and cloud businesses, but has recently expanded interest into the energy and minerals sectors, which are seen as offering substantial growth opportunities [1]. - The energy and minerals sectors are characterized by active developments and frequent news updates, making them engaging areas for research and investment [1].

英国以36家位居第三，减少9家；印度以34家紧随其后，增加3家，德国以25家位列其后，增加2家 206家新上榜，其中美国64家，中国55家，印度18家。按行业划分，金融科技29家，人工智能28家，SaaS和机器人各15家 胡润研究院在全球找到819家瞪羚企业，比去年增加16家，比两年前增加131家（19%） 美国以302家瞪羚保持首位，但比去年减少了28家，降幅8% 中国位居第二，有278家胡润瞪羚，比去年增加了20家，增幅8%。中国占胡润全球瞪羚总数的34% 146家去年的胡润瞪羚"升级"退出榜单，其中82家来自美国，26家来自中国。生物科技领先，其次是人工智能和金融科技 71家"升级"成为独角兽，以旧金山的Sierra（人工智能，价值710亿元人民币）、美国匹兹堡的Abridge（人工智能，价值380 亿元人民币）为首，其次是Fireworks AI（人工智能，价值280亿元人民币）和The Bot Company（机器人，价值280亿元人民 币） 33家"升级"上市，其中20家来自中国，9家来自美国。总部杭州的茶饮品牌古茗是其中价值最高的企业，价值550亿元人民 币 42家"降级"，不再符合胡润瞪羚的标 ...

Group 1 - The HuRun Research Institute released the "2025 HuRun Future Unicorn: Global Gazelle Enterprises List," identifying 819 high-growth companies likely to reach a billion-dollar valuation within three years, marking a 19% increase from 688 two years ago [1] - China ranks second with 278 gazelle companies, an increase of 20 from the previous year, representing 34% of the global total [1] - Among the new entrants, 206 are first-time appearances, with 29 in fintech, 28 in artificial intelligence, and 15 each in SaaS and robotics, with the US contributing 64 and China 55 [1] Group 2 - Since 2019, the number of HuRun gazelles in China has nearly quadrupled from 70 to 278, with 55 new faces and 26 upgrades in the past year [2] - Artificial intelligence is transforming various industries, with 71 gazelle companies leveraging AI for efficiency, innovation, and growth [2] - In healthcare, AI aids in diagnostics and personalized medicine, while in finance, it is used for fraud detection and risk management; retail benefits from AI-driven personalization, and manufacturing utilizes AI for automation and quality control [2]

榜单出炉。 1月20日，胡润研究院发布《2025胡润未来独角兽：全球瞪羚企业榜》，榜单列出了全球成立于2000年 之后，三年内（即到2028年底）最有可能达到独角兽级十亿美金估值的高成长性企业。本次榜单估值计 算的截止日期为2025年10月31日。 胡润研究院在全球找到819家瞪羚企业，分布在43个国家和220个城市。146家2024年的瞪羚"升级"退出 榜单，而42家"降级"不再符合瞪羚的标准。613家2024年的瞪羚企业仍然符合标准。此外，2025年有206 家新面孔。 医疗健康行业领先 胡润瞪羚企业榜单是进入胡润独角兽榜前的榜单，主要是成立于2000年之后、三年内（即到2028年底） 最有可能成为独角兽的创业企业。 "'胡润瞪羚企业榜'旨在帮助这些企业找到更多的投资者、战略合作伙伴和服务提供商，并鼓励创始人 拓宽格局、加速成长、迈向长远未来。" 胡润集团董事长兼首席调研官胡润表示。 值得一提的是，当前，人工智能正在彻底改变全球各行业，推动效率、创新和增长。此次胡润公布的瞪 羚企业榜单包含了71家人工智能企业。"在医疗健康领域，人工智能有助于诊断、个性化医疗和药物研 发。金融行业利用人工智能进行欺诈检测、 ...

Investment Rating - The report rates the industry as "Outperforming the Market" [6] Core Insights - The integration of Qianwen into Alibaba's ecosystem marks a significant advancement in AI applications, enabling complex functionalities such as ordering food, shopping, and booking flights, thus creating new application scenarios and traffic entry points for Alibaba's AI applications [1][20] - The AI application industry is experiencing a productization inflection point due to supportive policies and advancements in AI hardware and infrastructure, with a focus on integrating AI with supply chains and service consumption [2][16] - The AIGC (AI-Generated Content) market is projected to grow significantly, with independent device penetration expected to reach 4.83 billion units by October 2025, indicating a strong demand for AI applications [3][23] Summary by Sections Section 1: Qianwen's Integration into Alibaba Ecosystem - Qianwen App's full integration into Alibaba's ecosystem allows for AI-driven shopping functionalities, enhancing user experience and operational efficiency [1][20] - The AI application landscape is rapidly evolving, with Qianwen achieving a compound growth rate of 37% over the past nine months, positioning it as a strong competitor in the market [3][25] Section 2: Policy and Supply Development - The Chinese government is actively promoting AI applications through various policies, including the establishment of a 60 billion RMB national fund aimed at supporting the AI industry across its entire value chain [14][15] - AI infrastructure is maturing, with decreasing costs and continuous model iterations, setting the stage for significant advancements in AI application productization by 2025-2026 [2][16] Section 3: Market Potential and Competitive Landscape - The global and Chinese GEO (Generative AI Output) market is expected to grow from 11.2 billion USD and 2.9 billion RMB in 2025 to 100.7 billion USD and 24 billion RMB by 2030, indicating vast future market opportunities [3][28] - Companies within the Alibaba ecosystem, such as AI agents in various sectors (e.g., SaaS, advertising, and offline retail), are expected to benefit from the integration of AI capabilities, enhancing their operational efficiencies and market reach [4][32][36] Section 4: Key Company Announcements - Notable company announcements include Chongqing Department Store's revenue forecast of 14.7 billion RMB for 2025, a decrease of 14.2%, and a net profit of 1.02 billion RMB, down 22.4% [5][38] - Focus on companies like Weimeng Group, which has launched its GEO solution, indicating a shift towards AI-enhanced visibility and performance in the market [5][39]

As filed with the Securities and Exchange Commission on January 15, 2026. Registration No. 333-292217 (I.R.S. Employer Identification Number) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ––––––––––––––––––––––––––––––––––––––– AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ––––––––––––––––––––––––––––––––––––––– Proem Acquisition Corp I (Exact name of registrant as specified in its charter) ––––––––––––––––––––––––––––––––––––––– | Cayman Islan ...

Core Viewpoint - Par Pacific Holdings (PARR) has experienced a significant increase of over 113% in its stock price, indicating potential for further growth despite the substantial rise already observed [1]. Company Insights - The analyst has over a decade of experience in financial markets, primarily in hedge funds, and emphasizes a rigorous approach to investment analysis [1]. - The analyst has a long position in PARR shares, indicating confidence in the company's future performance [2]. Sector Analysis - The analyst has a strong interest in the energy and minerals sectors, which are perceived to offer incredible growth opportunities and are actively researched [1].

Core Insights - The article emphasizes the author's extensive experience in financial markets, particularly in hedge funds, and highlights a focus on technology sectors, especially SaaS and cloud businesses, which are seen as offering significant growth opportunities [1]. Group 1: Analyst Background - The analyst has over a decade of experience in financial markets, primarily in a hedge fund in Rotterdam [1]. - The analyst has a rigorous approach to investment, maintaining high standards for personal investments [1]. Group 2: Sector Focus - The preferred sectors for analysis are technology, specifically Software as a Service (SaaS) and cloud businesses, due to their incredible growth potential [1]. - The technology sector is characterized by active news flow, providing ample research opportunities [1].

蓝筹股表现 来源：智通财经网 2026年首个交易日港股表现强势，恒生指数突破两万六关口，恒生科技指数大涨4%。截至收盘，恒生 指数涨2.76%或707.93点，报26338.47点，全日成交额为1408.64亿港元；恒生国企指数涨2.86%，报 9168.99点；恒生科技指数涨4%，报5736.44点。 国泰海通表示，展望后市，美联储如期降息并超预期扩表或阶段性降低投资者的政策不确定性与市场博 弈性，全球权益和大宗商品或仍有表现机会，建议1月超配风险资产。 4、 SaaS概念股强势上涨。截至收盘，百融云-W(06608)涨9.91%，报12.75港元；金蝶国际(00268)涨 6.47%，报14.15港元；迈富时(02556)涨5.83%，报37.06港元；中软国际(00354)涨4.02%，报5.17港元。 百度集团-SW(09888)领涨蓝筹股。截至收盘，涨9.35%，报143.8港元，成交额47.78亿港元，贡献恒指 12.42点。百度表示拟分拆昆仑芯并独立上市。富瑞表示，拟议分拆昆仑芯具有诸多优势，包括更好地 反映昆仑芯价值、拓宽融资渠道等。预计昆仑芯的估值在160亿美元至230亿美元之间，这意味着百 ...

Group 1 - NetEase-S (09999) rose over 6.5% after the announcement of the anniversary version of "Yanyun Sixteen Sounds" launching on December 27, 2025, which topped the iOS game sales chart. Huatai Securities previously indicated that the first-year revenue could reach 20-30 billion [1] - Commercial aerospace concept stocks surged, with Asia Pacific Satellite (01045) up 31.29%, Aerospace Holdings (00031) up 20%, and Goldwind Technology (02208) up 18.27%. Blue Arrow Aerospace's IPO application was accepted, marking it as the first company to be accepted under the new listing standards since the expansion [1] - Li Auto-W (02015) increased over 5.6% after reporting 44,246 vehicle deliveries in December 2025, totaling 109,194 for Q4. By December 31, 2025, cumulative deliveries reached 1,540,215, making it the first new force brand to achieve the 1.5 million delivery milestone [1] Group 2 - Hua Hong Semiconductor (01347) surged over 11% after announcing plans to acquire 97.4988% of Huali Micro's shares and raise funds through a stock issuance to specific investors [2] - Skyworth Group (00751) rose over 10% following the signing of a 10MW distributed photovoltaic power station project in Italy, marking a significant step in its overseas market expansion [2] - Baidu Group-SW (09888) increased over 8.1%, with a cumulative rise of over 15% this week, after announcing the submission of a listing application for Kunlun Chip on the Hong Kong Stock Exchange [2] Group 3 - SaaS concept stocks saw significant gains, with Lion Holding (02562) up 16.48%, Kingdee International (00268) up 7.22%, and Huily Technology (01860) up 4.52%. Meta announced a multi-billion dollar acquisition of the AI product developer Manus [3] - Xirui (02507) rose nearly 10% following the release of the U.S. Department of Transportation's strategic plans aimed at advancing the future of aviation [3] Group 4 - Meitu Company (01357) increased over 5.7% after announcing a $250 million convertible bond issuance to Alibaba, which could result in Alibaba holding 6.82% of Meitu's shares, making it the third-largest shareholder [4] Group 5 - Bitcoin surpassed $88,000, leading to a rise in some cryptocurrency mining stocks, including TeraWulf (WULF.US) up 3.05% and Applied Digital (APLD.US) up 1.83% [5] - Mindonghong (ORIS.US) surged 22.13% after signing a non-binding letter of intent to acquire Hubei Daguan Tea Industry Group, aiming to strengthen upstream supply control [5] - Wanda Biopharmaceuticals (VNDA.US) rose 25.46% after announcing FDA approval for its new drug Nereus, intended for preventing exercise-induced vomiting [5] Group 6 - Storage concept stocks fell, with SanDisk (SNDK.US) down 1.18%, Western Digital (WDC.US) down 2.15%, and Micron Technology (MU.US) down 2.47% [6] - Corcep Medical (CORT.US) plummeted 50.42% after receiving a complete response letter from the FDA regarding its new drug application for Relacorilant [6] - TSMC (TSM.US) rose 1.44% as Nvidia is negotiating new orders for its H200 chip, with TSMC expected to expand capacity by Q2 2026 [6] Group 7 - New energy vehicle stocks declined, with Tesla (TSLA.US) down 1.04%, NIO (NIO.US) down 7.27%, and Li Auto (LI.US) down 1.97% [7] - Pony.ai (PONY.US) fell 0.96% despite announcing that its Robotaxi fleet exceeded 1,159 vehicles, surpassing its 1,000 vehicle target for 2025 [7]