Market Overview - The recent sell-off in AI technology stocks continues, with the Nasdaq down 1.21%, affecting market sentiment, and Asian markets showing narrow fluctuations as they await Nvidia's earnings report [1][3] - A significant reduction in trading volume was observed in the A-shares market, with total turnover falling below 1.8 trillion [1] AI Sector Insights - Despite the market's focus on Nvidia's performance, even a positive earnings report may not resolve the existing market divisions regarding AI, as concerns linger about the sustainability of capital investment in AI over the next three years [3] - The recent decline in global AI tech stocks is part of a broader financial market adjustment cycle, with a notable drop in speculative stocks and small-cap shares [5] Google and AI Developments - Google released its Gemini3 model, which has shown significant performance improvements, indicating ongoing evolution in AI technology [7] - Market expectations suggest that Google is positioned as a leader in AI, with its hardware and software capabilities potentially making it a future winner [7] Lithium Market Performance - Lithium futures prices surged past 100,000 for the first time since June 2024, with significant gains in lithium mining stocks [7] - Specific lithium contracts showed notable price increases, with some contracts rising over 5% [8] Seafood Sector Reaction - Following China's announcement to suspend imports of Japanese seafood, the A-share seafood sector experienced a surge, with several stocks hitting the daily limit [9][11] Xiaomi's Financial Performance - Xiaomi reported better-than-expected earnings, yet its stock price fell nearly 5%, dropping below the critical 40 HKD mark, reflecting a cumulative decline of over 30% from its yearly high [12]