璞泰来（603659）公告，控股子公司嘉拓智能拟向不特定合格投资者公开发行股票并在北交所上市。嘉拓智能注册资本3.54亿元，主营业务为新能源（850101）智能制造装备的研发、生产和销售，主要产品为以涂布机为代表的锂电池（884309）关键制造设备。公司持股比例为71.54%。嘉拓智能拟公开发行股票不超过4651万股，募集资金将用于投资高端智能装备产业配套项目、核心技术研发及产业化能力提升项目及补充流动资金。

“速成车”踩刹车 2026年一开年，监管部门再一次收紧了对汽车开发的要求。这让不少“老汽车人”松了一口气。 一名头部车企的软件总工告诉36氪，在他十余年的从业生涯里，从未经历过去几年的激进时刻： 原本需要适配两年才能上车的新架构，现在10个月就得上车；之前机械验证要做的两次冬测试、两次夏测，被压缩成了一次冬测、一次夏测。 原本要验证4个月的整车控制软件，现在2个星期就可以上车。 他这种内行人才知道的隐忧还有：看似测试环节都在，但压缩时长伴随着高强度加班，实际操作中，需要测200次的项目最后可能只测了30次；测完10次，员工便可能说已经测过100次了。 “有些问题就会测不出来，其中可能包含高安全相关问题。比如经常车卖出去，门把手出不来等等B类问题还有一堆。” 因为智能电动车普遍的特点是可以空中升级，不少车交车时，一些软件还未开发完成，公司就寄希望于后续推出软件更新，这自然包括使用更新来修复验证不充分导致的问题。 一位头部造车公司的辅助驾驶人士说，“为了改进刹车体验，虽然有一版软件带有制动时机偏晚的安全隐患，也被推了出去。” “因为觉得反正可以OTA（Over-the-Air 远程在线升级），智驾老大顶住压力推了新版，结果撞车事故马上增加。”据36氪了解，因数次仓促OTA造成质量问题，这名智驾负责人也不得不引咎离职。 在手机行业，华为的旗舰机型Mate系列、小米数字系列手机的研发周期，约为12-18个月，一款机型的生命周期约为2年。 而如今，在拳拳到肉的车市竞争下，汽车行业一辆整车的开发节奏，已经普遍从3-5年，被压缩至一年半，甚至更少；汽车产品两年一换代，每年一升级，也已经成为主流车企的共识。 这种“中国速度”即是中国新造车业的竞争法宝，让人引以为傲；另一方面，无节制的卷生卷死，也带来了车辆的质量问题。 去年8月，监管部门推出OTA备案规定，首先遏制速度竞赛带来的软件乱象。 今年初，开始从整车层面对“速成车”的监管进行收紧。1月29日，工信部修订发布了《道路机动车辆产品准入审查要求》，一个核心变化在于：要求传统燃油车需完成3万公里可靠性测试，新能源汽车需完成1.5万公里。这是国家首次将可靠性测试纳入强制性规定。 如果说软件验证不充分，尚可通过在线升级加以补救，但硬件验证不充分，一旦有质量问题，车企则要付出沉重代价。 以新能源车上最关键的零部件——动力电池为例，36氪从...

A company that generates cash isn’t automatically a winner. Some businesses stockpile cash but fail to reinvest wisely, limiting their ability to expand. Not all companies are created equal, and StockStory is here to surface the ones with real upside. That said, here are two cash-producing companies that reinvest wisely to drive long-term success and one best left off your watchlist. One Stock to Sell: Amplitude (AMPL) Trailing 12-Month Free Cash Flow Margin: 6.8% Born from the realization that companies were flying blind when it came to understanding user behavior in their digital products, Amplitude (NASDAQ:AMPL) provides a digital analytics platform that helps businesses understand how people use their digital products to improve user experiences and drive revenue growth. Why Do We Think Twice About AMPL? Customers generally do not adopt complementary products as its 102% net revenue retention rate lags behind the industry standard Historical operating margin losses point to an inefficient cost structure Ability to fund investments or reward shareholders with increased buybacks or dividends is restricted by its weak free cash flow margin of 6.8% for the last year At $7.80 per share, Amplitude trades at 2.6x forward price-to-sales. To fully understand why you should be careful with AMPL, check out our full research report (it’s free). Two Stocks to Buy: Micron (MU) Trailing 12-Month Free Cash Flow Margin: 11% Founded in the basement of a Boise, Idaho dental office in 1978, Micron (NYSE:MU) is a leading provider of memory chips used in thousands of devices across mobile, data centers, industrial, consumer, and automotive markets. Why Are We Backing MU? Annual revenue growth of 61.7% over the past two years was outstanding, reflecting market share gains this cycle Exciting sales outlook for the upcoming 12 months calls for 114% growth, an acceleration from its two-year trend Earnings per share grew by 29.2% annually over the last five years and trumped its peers Mic...

Mapletree Investments Pte agreed to sell a portfolio of East Coast warehouses to EQT Real Estate for $575 million. The sale includes 4.4 million square feet (412,000 square meters) of real estate, with 25 warehouses stretching from Connecticut to Florida, according to a statement. The assets are held in two closed-end trusts. Most are in the Mapletree US & EU Logistics Private Trust, and one property is held in the Mapletree US Logistics Private Trust. The deal is expected to close this month and will mark the firm’s fourth US logistics divestment in the past year, according to the statement. EQT Real Estate said the acquisition expands its US infill logistics holdings, citing demand for well-located warehouse space tied to e-commerce and third-party logistics tenants. Mapletree launched the US & EU Logistics Private Trust in 2019 with $4.3 billion in assets under management, comprising 262 properties across the Americas and Europe. The US Logistics Private Trust was established in 2021 with $3.3 billion in assets spanning 155 US properties. Mapletree owns and manages more than 66 million square feet of US industrial real state and has about 2.6 million square feet under development. The US represented about 25% of its roughly $60 billion assets under management as of March 31, 2025, according to the statement.

Victory Capital Management Inc. trimmed its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 0.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,183,024 shares of the chip maker's stock after selling 13,891 shares during the quarter. Victory Capital Management Inc. owned approximately 0.07% of Intel worth $106,790,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Get Intel alerts: Sign Up Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Intel by 1.3% in the third quarter. Vanguard Group Inc. now owns 390,829,684 shares of the chip maker's stock worth $13,112,336,000 after purchasing an additional 4,925,949 shares during the last quarter. State Street Corp boosted its position in Intel by 1.6% during the 2nd quarter. State Street Corp now owns 203,617,629 shares of the chip maker's stock valued at $4,561,035,000 after buying an additional 3,168,824 shares during the period. Geode Capital Management LLC grew its holdings in Intel by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 97,563,079 shares of the chip maker's stock worth $2,174,854,000 after acquiring an additional 1,760,773 shares during the last quarter. Primecap Management Co. CA increased its position in shares of Intel by 4.3% in the second quarter. Primecap Management Co. CA now owns 80,298,180 shares of the chip maker's stock valued at $1,798,679,000 after acquiring an additional 3,313,890 shares during the period. Finally, Norges Bank bought a new position in shares of Intel during the second quarter valued at about $1,579,378,000. Institutional investors own 64.53% of the company's stock. Key Headlines Impacting Intel Here are the key news stories impacting Intel this week: Intel Stock Up 5.8% NASDAQ:INTC opened at $45.58 on T...

美国2月28日当周首次申请失业救济人数 21.3万人，预期 21.5万人，前值 21.2万人。 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何意见、观点或结论是否符合其特定状况。据此投资，责任自负。

美国2月21日当周续请失业救济人数 186.8万人，预期 184.5万人，前值 183.3万人。 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何意见、观点或结论是否符合其特定状况。据此投资，责任自负。

How much a stock's price changes over time is a significant driver for most investors. Not only can price performance impact your portfolio, but it can help you compare investment results across sectors and industries as well. FOMO, or the fear of missing out, also plays a role in investing, particularly with tech giants and popular consumer-facing stocks. What if you'd invested in Micron (MU) ten years ago? It may not have been easy to hold on to MU for all that time, but if you did, how much would your investment be worth today? Micron's Business In-Depth With that in mind, let's take a look at Micron's main business drivers. Idaho-based Micron Technology has established itself as one of the leading worldwide providers of semiconductor memory solutions. Through global brands, namely Micron, Crucial and Ballistix, Micron manufactures and markets high-performance memory and storage technologies, including Dynamic Random Access Memory (DRAM), NAND flash memory, NOR Flash, 3D XPoint memory and other technologies. Its solutions are used in leading-edge computing, consumer, networking and mobile products. The company's mission is to be the most efficient and innovative global provider of semiconductor memory solutions. Micron reported revenues of $37.38 billion in fiscal 2025. Technology-wise, the company reports its financial results in three categories — DRAM, NAND and Other. A major portion of the revenues is derived from DRAM sales, which accounted for 76.4% of fiscal 2025 total revenues. NAND and Other categories contributed 22.7% and 0.9%, respectively. Micron also provides financial performance on a business unit basis. Previously, the company used to report its business segments as the Compute and Networking Business Unit, the Mobile Business Unit, the Embedded Business Unit and the Storage Business Unit. In the fourth quarter of fiscal 2025, Micron reorganized its business segments to Cloud Memory Business Unit (“CMBU”), Core Data Business Unit (“CDBU”), Mobile...

How much a stock's price changes over time is a significant driver for most investors. Not only can price performance impact your portfolio, but it can help you compare investment results across sectors and industries as well. Another factor that can influence investors is FOMO, or the fear of missing out, especially with tech giants and popular consumer-facing stocks. What if you'd invested in Nvidia (NVDA) ten years ago? It may not have been easy to hold on to NVDA for all that time, but if you did, how much would your investment be worth today? Nvidia's Business In-Depth With that in mind, let's take a look at Nvidia's main business drivers. NVIDIA Corporation is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit, or GPU. Over the years, the company’s focus has evolved from PC graphics to artificial intelligence (AI) based solutions that now support high performance computing (HPC), gaming and virtual reality (VR) platforms. NVIDIA’s GPU success can be attributed to its parallel processing capabilities supported by thousands of computing cores, which are necessary to run deep learning algorithms. The company’s GPU platforms are playing a major role in developing multi-billion-dollar end-markets like robotics and self-driving vehicles. NVIDIA is a dominant name in the Data Center, professional visualization and gaming markets where Intel and Advanced Micro Devices are playing a catch-up role. The company’s partnership with almost all major cloud service providers (CSPs) and server vendors is a key catalyst. NVIDIA’s GPUs are also getting rapid adoption in diverse fields ranging from radiology to precision agriculture. The company’s GPUs power the top supercomputer in the world, located at Oak Ridge National Laboratories in the United States, as well as the top supercomputers in Europe and Japan. Santa Clara, CA-based, NVIDIA reported revenues of $215.9 billion in fiscal 2026, up 65% from $130.5 billion in fiscal 2...

How much a stock's price changes over time is a significant driver for most investors. Not only can price performance impact your portfolio, but it can help you compare investment results across sectors and industries as well. FOMO, or the fear of missing out, also plays a role in investing, particularly with tech giants and popular consumer-facing stocks. What if you'd invested in Micron (MU) ten years ago? It may not have been easy to hold on to MU for all that time, but if you did, how much would your investment be worth today? Micron's Business In-Depth With that in mind, let's take a look at Micron's main business drivers. Idaho-based Micron Technology has established itself as one of the leading worldwide providers of semiconductor memory solutions. Through global brands, namely Micron, Crucial and Ballistix, Micron manufactures and markets high-performance memory and storage technologies, including Dynamic Random Access Memory (DRAM), NAND flash memory, NOR Flash, 3D XPoint memory and other technologies. Its solutions are used in leading-edge computing, consumer, networking and mobile products. The company's mission is to be the most efficient and innovative global provider of semiconductor memory solutions. Micron reported revenues of $37.38 billion in fiscal 2025. Technology-wise, the company reports its financial results in three categories — DRAM, NAND and Other. A major portion of the revenues is derived from DRAM sales, which accounted for 76.4% of fiscal 2025 total revenues. NAND and Other categories contributed 22.7% and 0.9%, respectively. Micron also provides financial performance on a business unit basis. Previously, the company used to report its business segments as the Compute and Networking Business Unit, the Mobile Business Unit, the Embedded Business Unit and the Storage Business Unit. In the fourth quarter of fiscal 2025, Micron reorganized its business segments to Cloud Memory Business Unit (“CMBU”), Core Data Business Unit (“CDBU”), Mobile...

美国1月进口价格指数同比 -0.1%，预期 0.1%，前值 0%。 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何意见、观点或结论是否符合其特定状况。据此投资，责任自负。

美国四季度非农生产力初值 2.8%，预期 1.9%，前值 4.9%。 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何意见、观点或结论是否符合其特定状况。据此投资，责任自负。

美国四季度非农单位劳动力成本初值 2.8%，预期 2%，前值 -1.9%。 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何意见、观点或结论是否符合其特定状况。据此投资，责任自负。

据新华社消息，脑机接口（886047）首次被纳入政府工作报告，成为全国两会期间科技热词之一，并被明确为未来产业发展的重点。科技部部长阴和俊表示，“十五五”时期将加强脑机接口（886047）等领域的科技攻关。此技术不仅是医学、计算机等多学科融合的前沿技术，还被视为未来高技术产业发展的关键支点。我国已在非侵入式技术路径上实现与国际并跑，并在产业应用上逐步推进，涉及智能交互、智能制造等领域。推动脑机接口（886047）发展需加强基础研究和多方协同创新。

美国1月进口价格指数环比 0.2%，预期 0.3%，前值 0.1%。 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何意见、观点或结论是否符合其特定状况。据此投资，责任自负。

Deagreez/iStock via Getty Images I typically write about "risk management." The science and art of playing defense alongside my investment offense. Because I think so few writers do. Collectively, the nearly 20-year run in US mega-cap stocks, with only brief dips to buy along the way, has truly spoiled a lot of investors. How else do we explain the constant bombardment of "buy now" articles, buy ratings on single stocks, and general happy-talk in investing circles? It has really run amok, particularly since the pandemic six years ago. I do not know what path stocks and bonds will take going forward. No one does. But I know I'm prepared for a very wide range of possible outcomes. That's where I think the masses get left out. Because everyone's trying to sell them the dream. Instead of teaching them to be their own portfolio manager. Foremost in that "job description"—learn to manage risk. I'm taking a break from that "beat" today. Sort of. I'm looking at stocks, specifically large-cap types, most of whom are part of the S&P 500. And I'm looking at them with a specific objective in mind, one I frankly do not spend much time on these days: stocks that can be significantly higher in price five years from now. But which have had negative returns the past five years. Finding weak performers among large-cap US stocks is much easier than many would believe. After all, they see this. 88% return on SPY the past five years. Outstanding. Data by YCharts What they probably don't see nearly as often is this, below. That's four index ETFs that invest in higher-dividend-yield stocks ( DIV ) ( SPYD ), small caps ( IWM ), or just the average stock of the top 1,000 in the US, including the biggies ( EQAL ). Data by YCharts Think about it this way. The biggest names have done so well, and the self-fulfilling prophecy around buying yesterday's winners has so fueled the S&P 500 index boom for so long, the rest are ignored. Not only are they ignored by many investors. They're also essenti...

starmaro/iStock via Getty Images It's been almost a year since I've been saying that Accel Entertainment ( ACEL )—and the entire regional consolidator thesis—is being undervalued by the market. Seeking Alpha Some noticed this after the acquisition of the Fairmount Casino in Collinsville, IL. This was Accel's entry into the brick-and-mortar segment, diversifying some of the risks of VGT routes and showing that they had the capacity to acquire, renovate, and integrate regional assets that many large operators might be overlooking . And it seems the market has finally looked more favorably upon Accel. But it wasn't because of any acquisitions they made this quarter (like Dynasty Games) or the partnership with Rebel Convenience Stores—it was their entry into the Chicago market with their VGTs. Right after the announcement in the Q4 FY 2025 earnings call, the stock has already jumped almost 20% and is now sitting right on top of my previous price target of $13.50-$14 per share. Seeking Alpha Even though I've already made some gains since my last article, today's bull run has expanded the total return of my last 'Buy' call here to just over 33%. This total return surpasses both the S&P in the same stretch (almost 4%) and other calls I've made within the gaming industry. Pollard Banknote ( PBL:CA ), for example, also has a thesis of regional consolidation within iLottery and charity games, but it hasn't taken off yet. But I think more important than throwing you some numbers on how Accel performed in Q4 (of course, we'll do that, but in a more summarized way), we need to understand the catalyst for the thesis. In the end, I'll make some tweaks to my price target based on the incrementality of this market on the Illinois VGT route. Accel's biggest route, by the way. Is Chicago a Turning Point for Accel? As soon as Accel received its license to operate within the state of Illinois—as soon as they began implementing the 2009 Act—the company quickly became one of the largest i...

is a London-based reporter at The Verge covering all things AI and Senior Tarbell Fellow. Previously, he wrote about health, science and tech for Forbes. Posts from this author will be added to your daily email digest and your homepage feed. Do you have a Reddit alt, secret X, finsta, or Glassdoor account you trash your boss with? AI might have just made it a lot easier to unmask you. That’s the conclusion of a recently published study, which hints at some uncomfortable consequences for staying private online — even if it’s not quite time to hold a funeral for anonymity just yet. The finding, which has not been peer reviewed, comes from researchers at ETH Zurich, Anthropic, and the Machine Learning Alignment and Theory Scholars program. They built an automated system of AI agents using unspecified models — capable of searching the web and interacting with information much like a human investigator — to test how effectively large language models can reidentify anonymized material. The system “substantially outperforms” traditional computational techniques for deanonymizing accounts, scouring text for personal details at a grand scale. The system works by treating posts or other texts as a set of clues. It analyzes the text for patterns — writing quirks, stray biographical details, posting frequency and timing — that might hint at someone’s identity. It then scans other accounts, potentially millions of them, looking for the same mix of traits. Probable matches are flagged, compared in more detail, and winnowed down into a shortlist of likely identities. Rather than targeting unsuspecting users, the team evaluated the system using datasets built from publicly available posts, including content from Hacker News and LinkedIn, transcripts of Anthropic’s interviews with scientists on how they use AI, and Reddit accounts that were deliberately split into two anonymized halves for testing. The paper reports that in each setting the LLM-based approach correctly identified up...

格隆汇3月5日｜文远知行-W(00800.HK)表示，公司在迪拜的Robotaxi运营服务将于本周恢复。此前，受伊朗局势影响，文远知行于3月1日宣布在阿联酋迪拜的Robotaxi车队暂时停运。另外，文远知行将携手RTA迪拜道路交通管理局，于本月内在迪拜正式启动Robotaxi纯无人商业化运营，以支撑迪拜到2030年25%的交通出行由自动驾驶承担的发展愿景。

3月5日，21世纪经济报道记者从文远知行了解到，公司在迪拜的Robotaxi运营服务将于本周恢复。此前，受伊朗局势影响，中国自动驾驶科技公司文远知行、萝卜快跑于3月1日宣布在阿联酋迪拜的Robotaxi车队暂时停运。文远知行还向记者透露，公司将携手RTA迪拜道路交通管理局，于本月内在迪拜正式启动Robotaxi纯无人商业化运营，以支撑迪拜到2030年25%的交通出行由自动驾驶承担的发展愿景。（21世纪经济报道）

格隆汇3月5日｜莲花汽车正式发布LTS（Lotus Tuned Specification）工程专属调校体系，并宣布首款搭载该标准的全球车型——超混SUV“莲花For Me”将于3月底在中国率先上市。

伦敦数字银行Revolut已申请 美国银行 牌照，借助特朗普政府对新进入者进入受监管银行体系持更开放态度之机，试图打开美国市场。 这家总部位于伦敦的金融科技公司周四表示，已向美国货币监理署（OCC）和联邦存款保险公司（FDIC）申请美国全国性银行牌照。 获得牌照将提升这家估值750亿美元的金融科技公司进入美国市场的机会。美国市场长期以来一直是Revolut全球增长战略的重要组成部分。成立于2015年的Revolut目前已在40多个市场拥有超过7000万客户。 该牌照还将允许Revolut向美国客户提供受保险保障的存款业务，并意味着其不再需要通过与受监管的合作银行达成协议来提供银行服务。 Revolut美国首席执行官Sid Jajodia在接受采访时表示，白宫对新进入者加入受监管银行体系持开放态度，这推动了公司在此时提交申请。 他说：“赞赏政府在这一领域推动非常具有前瞻性的议程。”他还欢迎监管方面更加明确的政策，包括有关加密货币的监管。 Revolut周四还表示，Jajodia将升任全球首席银行业务官，其美国职位将由Cetin Duransoy接任。Duransoy此前领导Raisin，该公司与银行和信用合作社合作提供高收益储蓄账户服务。 责任编辑：陈钰嘉

As part of Apple's flurry of Mac announcements earlier this week, the company announced the new M5 Pro and M5 Max processors . And those chips are shaking up the way that Apple designs and talks about its processor cores: What would have been called "performance" CPU cores are now "super" cores. "Efficiency" cores are still called efficiency cores. And there's a new, third type of CPU core in between that is labeled a "performance" core. Apple said earlier this week that the "super" name change would retroactively apply to the regular-old Apple M5's performance cores, too. And the macOS Tahoe 26.3.1 update released yesterday formally made the name change official, changing the labeling in both the System Information app and the Activity Monitor. The Activity Monitor in macOS 26.3.1 updates your "performance" cores to "super" cores. Credit: Andrew Cunningham Activity Monitor on the M5 MacBook Pro in macOS 26.3, before the name change was announced. Credit: Andrew Cunningham The System Information app also now refers to M5's high-performance cores as "super." Credit: Andrew Cunningham System Information in macOS 26.3, when the big cores were still called "performance" cores. Credit: Andrew Cunningham This "upgrade" should only apply to the M5 MacBook Pro , the sole M5-family Mac released before the name change was announced. It should go without saying that this is just a name change; you shouldn't actually expect different behavior or performance from your Mac after installing the update. The new MacBook Airs and Pros with M5, M5 Pro, and M5 Max chips will likely already be using the new names out of the box. Read full article Comments

格隆汇3月5日｜稀土公司USA Rare Earth正计划通过一项全股票交易收购德克萨斯州一座稀土矿床的剩余少数股权，该交易估值约为7300万美元。此次收购将使USA Rare Earth成为Round Top项目的唯一运营方，该项目是北美已知最丰富的重稀土矿床。