日本的稀土独立梦，一开始就像是一场高风险的国运豪赌。它赌的是中国在稀土领域的主导地位，认为总有一天会被打破。但13年过去了，回头看，这一策 略的结果并非成功，而是被印度的杀猪盘狠狠宰了，甚至连自己的一些技术进展也成了自打脸的证据。最后，他们才发现，自己从印度进口的所谓印度稀 土，实际上还是通过中国转手过来的。这不单纯是赌输了，简直是根本没有站对赌桌。 在2010年，中国因为钓鱼岛撞船事件对日本实施了稀土出口管制。当时，中国将对日本的稀土出口量从2009年的5万吨急剧降低至2011年的约3万吨，造成了 40%的供应缺口。这一举动让日本的制造业瞬间陷入困境。由于没有足够的稀土库存，丰田的生产线一度停工三个月，整个汽车产业链受到严重冲击，客户 投诉也不断。 就在这一时刻，日本才真正意识到卡脖子意味着什么。从那一年起，日本开始全力推进稀土突围计划，政府大力投入资金，试图减少对中国稀土的依赖，打 算实现去中国化。然而，这个计划最终在2025年6月被印度的一刀断供给彻底打断了。 为了突破中国的稀土控制，日本在过去13年里采取了很多行动。它与蒙古合作，向澳大利亚矿山投资，甚至在法国建立稀土回收基地，深海采矿的项目更是 烧钱 ...

Core Thesis - GameStop Corp. (GME) represents a highly asymmetric investment opportunity with a low-risk, high-reward profile driven by operational turnaround and visible growth potential [2][5] Operational Turnaround - Under Ryan Cohen's two-phase strategy, GameStop has stabilized its business by cutting costs, closing underperforming stores, and streamlining operations, achieving profitability despite temporary revenue declines [2][4] - The company has grown its cash reserves, reaching approximately $8 billion, which provides a hard downside floor against its market capitalization of nearly $10 billion [4] Growth and Digitalization - The second phase of the strategy focuses on growth and digitalization, including building high-margin digital products and monetizing collectibles [3] - Q1 and Q2 2025 marked the first profitable quarters with a 63% increase in collectibles revenue [3] Market Valuation - The operating business, after subtracting cash reserves, is valued at only $2 billion, implying an adjusted operating P/E of 4–11, significantly below peers [4] - The market continues to misprice GME due to its "meme stock" history, despite growing institutional ownership now totaling approximately 45% [4] Revenue Potential - The U.S. collectibles market could drive significant incremental revenue, with a conservative estimate of a 5% market share potentially generating $1 billion in annual profits [5] - This revenue potential supports a stock price estimate of $50–$100, with higher valuations possible if market share or additional revenue streams expand [5]

在国内最大的PS游戏奖杯收集网站PSNINE（后文简称P9）上，有着这样一位几乎人尽皆知的玩家： 他在《神秘海域4》的约战板块长期稳定坚持发帖，文案格式高度统一，基本都是："还有缺惨烈三星奖杯没拿的小伙伴吗？我带你拿惨烈三星奖杯，请加 群……" 在晓虎去世之后，我们联系上了多名网友，以及几个与他关系密切的人。这是一位不求名利的互联网英雄，一生的故事。 1 | PS4 神秘海域4 盗贼末路 (+0) | 日过期 | 7月11日 | 3 / | | --- | --- | --- | --- | | 请问。 还有缺惨烈三星奖杯没拿的小伙伴吗?我带你拿惨烈三星奖杯,请加群272736779 | | 星期九 | 招聘 | | PS4 神秘海域4 盗賊末路 (+12) | 日过期 | 7月4日 | 3 N | | 请问,还有缺惨烈三星奖杯没拿的小伙伴吗?我带你拿惨烈三星奖杯,请加群272736779 | | 屋朗 | 指导 | | 神秘海域4 盗贼末路 (+5) PS4 | 已过期 | 5月30日 | 3 N | | 请问,还有缺惨烈三星奖杯没拿的小伙伴吗?我带你拿惨烈三星奖杯,请加群272736779 | | 星期九 ...

Group 1 - The gaming industry is experiencing significant developments with major players like Nintendo, Microsoft, and Sony making notable moves in 2023 [1][2] - Sony has officially announced the development of its next-generation console, the PS6, with a release window between late 2027 and mid-2028 [2][3] - The PS6 is expected to feature advanced hardware, including an AMD "Navi 5" Chiplet APU, with performance enhancements over the PS5 [21][22] Group 2 - Sony is also developing a new handheld console, referred to as the "next-gen PSP," which aims to outperform the Nintendo Switch 2 and the ROG Xbox Ally [3][7] - The new handheld will utilize a high-performance AMD APU with a 3nm process, featuring 16 RDNA 5 GPU cores and 4 Zen 6 CPU cores [4][5] - The PS handheld is projected to support at least 24GB of RAM, with a potential for 32GB, to handle modern gaming demands [6][7] Group 3 - The handheld console will have a 1080P display with a refresh rate of either 60Hz or 120Hz, and it will include a "dock mode" to enhance performance [8][9] - In dock mode, the handheld's rasterization performance is estimated to be 50% to 75% of the PS5, while its ray tracing performance could exceed that of the PS5 [11][12] - The pricing for the PS handheld is expected to be between $399 and $499, making it competitive against the Switch 2 and ROG Xbox Ally [18][19] Group 4 - The PS handheld aims to attract developers by providing a new platform for game adaptation and optimization, potentially increasing revenue opportunities [17] - Sony's strategy includes appealing to existing PS4 users to upgrade to the new handheld, which will primarily support PS4 games [39][40] - The competitive landscape includes not only Nintendo and Microsoft but also Valve's upcoming Steam Deck 2, which is expected to launch around the same time [25][42]

Group 1 - The initial sales momentum of the Nintendo Switch 2 (NS2) indicates that early controversies did not significantly impact its market performance, with sales surpassing 3.5 million units within just four days of launch, exceeding the first-month sales of the original Nintendo Switch [1][2] - The NS2's sales trajectory suggests it may soon break the record of 4.5 million units sold within the first two months, previously held by Sony's PS4 and PS5 [1][2] - Despite the strong sales, there are concerns regarding Nintendo's shift in strategy towards physical game cartridges, which may affect the overall gaming ecosystem [3][4] Group 2 - Nintendo's introduction of the key card technology for NS2 means that physical cartridges will no longer store the game itself but will serve as activation and authentication mediums, requiring players to download the game content separately [4][5] - The majority of confirmed third-party games for NS2 will still be released in physical form as key cards, leading to a perception among players that publishers who include full games on cartridges are "heroes" [5][6] - The shift towards digital gaming has been ongoing, with significant growth in digital game sales observed during the pandemic, leading to a projected decline in physical game sales [24][25] Group 3 - The gaming industry has seen a gradual transition from physical to digital formats, with statistics indicating that by 2024, physical game revenue will account for only 4.6% of the global gaming market, while digital games will dominate at approximately 95.4% [25] - The pandemic has accelerated this transition, as more players adapted to purchasing digital games, leading to a significant increase in digital sales for companies like Nintendo, Sony, and Microsoft [23][24] - Despite the dominance of digital games, there remains a belief that physical games will not completely disappear, as they still hold value for players in terms of cost, ownership, and emotional connection [26][28] Group 4 - Nintendo's new "virtual card" feature allows digital games to mimic the experience of physical cartridges, enabling actions like lending and transferring games between devices, thus providing a sense of ownership [44][45] - This feature represents a potential compromise for Nintendo, allowing it to transition towards digital gaming while still respecting the preferences of traditional physical game users [48][49] - The ongoing evolution of gaming media suggests that the lines between physical and digital formats may continue to blur, with both formats coexisting in the future [50][51]

Group 1 - Nintendo announced that the Switch 2 sold 3.5 million units globally in its first four days, setting a new company record and potentially becoming the highest-selling game console at launch in history [1] - The Switch 2 broke the record for the highest launch sales of a game console in the United States, previously held by the PS4, with 1.1 million units sold in its first week [1] - Approximately 80% of the initial buyers also purchased "Mario Kart World," either as a standalone physical version or bundled with the console [1] Group 2 - The Switch 2 features a custom Nvidia processor, offering a tenfold performance improvement over its predecessor and supports AI technologies like DLSS [1] - The standard version of the Switch 2 is priced around 4,300 yuan in China, with some regions eligible for subsidies, reducing the price to approximately 3,600 yuan [1] - A recent durability test by JerryRigEverything revealed that while the screen quality of the Switch 2 is not exceptional, it has a surprisingly high hardness, surviving 50 hammer strikes before cracking but remaining functional [4] - The Switch 2 is equipped with a 7.9-inch side-lit LCD touchscreen with a resolution of 1080p, supporting a 120Hz G-SYNC variable refresh rate and HDR capabilities [4]

Core Viewpoint - The article discusses the confirmed specifications of the upcoming Switch 2, highlighting its custom NVIDIA chip, enhanced performance, and comparisons with previous models and competitors. Group 1: Hardware Specifications - Switch 2 features a custom NVIDIA chip with an 8-core CPU and 12GB LPDDR5X memory [1][6] - The GPU is based on the Ampere architecture, similar to the NVIDIA 30 series, with 1536 CUDA cores and support for DLSS [2][13] - The CPU operates at clock frequencies of 998MHz in docked mode and 1101MHz in handheld mode, with a maximum frequency of 1.7GHz [8][9] Group 2: Performance Comparisons - The performance in docked mode is comparable to PS4 Pro, while handheld mode performance is likened to PS4 [4][3] - The GPU's performance is rated at 3.072 TFLOP in docked mode and 1.71 TFLOP in handheld mode, representing a 51% increase over the previous generation [14][15] Group 3: Memory and Storage - Switch 2 includes 12GB of LPDDR5X memory with bandwidths of 102GB/s in docked mode and 68GB/s in handheld mode [18] - It features a dedicated file decompression engine to load game data without burdening the CPU [19] Group 4: User Feedback and Concerns - Users express concerns about performance drops in handheld mode, despite a majority preferring this mode [25][34] - There are criticisms regarding the lack of support for high refresh rates and the adequacy of the reserved memory for system functions [28][32]

Group 1 - Nintendo's upcoming Switch 2 console is experiencing unprecedented demand in the Japanese market, with a lottery pre-sale mechanism introduced to prioritize original Switch high-frequency players and online subscription service users [1] - The lottery pre-sale received 2.2 million applications, significantly exceeding expectations, leading to an apology from Nintendo's president for the large number of applicants who could not secure a purchase [1] - The Switch 2 is priced at $450 in the U.S. and 49,980 yen (approximately $350) in Japan, which is nearly 25% cheaper than the international version, effectively stimulating local demand [1] Group 2 - Nintendo's stock price surged by 5.5% in Tokyo, marking the largest intraday gain in two weeks [1] - Japan accounts for one-third of the global Switch install base, suggesting that global pre-orders could reach 6.6 million units [1] - Analysts predict that Nintendo could produce between 6 million to 8 million units of the new console before its official release on June 5 [1] Group 3 - Nintendo is taking various measures to enhance production capacity, impacted by trade policies that previously imposed a 46% tariff on one-third of the new units assembled in Vietnam, which has now been reduced to 10% for a 90-day grace period [2] - The company announced a price increase for Switch 2 accessories in the U.S. market and indicated potential future price adjustments for other products [2]