Market News - The three major US stock indices closed lower, with the Dow Jones down 557 points (1.18%), the S&P 500 down 0.92%, and the Nasdaq down 0.84% [1] - Major tech stocks mostly declined, with AMD and Intel down over 2%, while Nvidia, Apple, Oracle, and Meta fell over 1%. Google, however, rose over 3% [1] - Cryptocurrency stocks weakened, with Coinbase down over 7% and Circle down over 6% [1] - International gold prices dropped significantly, with spot gold down 0.91% to $4044.67 per ounce [2] - International oil prices also fell, with WTI crude down 0.57% to $59.75 per barrel and Brent crude down 0.53% to $64.05 per barrel [2] Industry Insights - A research team from Xi'an University of Electronic Science and Technology announced a breakthrough in AI energy consumption, reducing power usage by 57.2% and area by 30.7% through a new hardware architecture [3] - The AI computing power demand is growing exponentially, and the new adaptive ADC architecture could significantly alleviate energy pressure in data centers and edge devices [3] - The Chinese cosmetics industry is transitioning towards high-quality development, with a market size projected to reach 1,073.8 billion yuan in 2024, expecting a steady growth of 5%-10% over the next five years [4] - The 3D printing industry is moving from technology validation to large-scale application, with the global market expected to exceed $84-115 billion by 2030, maintaining a compound annual growth rate of 20%-30% [5][6]