恒瑞醫藥(01276.HK)兩款注射液獲批臨床將開展試驗財經新聞Financial News AASTOCKS.com

恒瑞醫藥(01276.HK)兩款注射液獲批臨床 將開展試驗 AASTOCKS.com

恒瑞醫藥(01276.HK)兩款注射液獲批臨床 將開展試驗 AASTOCKS.com

恒瑞醫藥(01276.HK)兩款注射液獲批臨床將開展試驗財經新聞Financial News AASTOCKS.com

恒瑞醫藥(01276.HK)兩款注射液獲批臨床 將開展試驗 AASTOCKS.com

恒瑞醫藥(01276.HK)兩款注射液獲批臨床 將開展試驗 AASTOCKS.com

恒瑞醫藥(01276.HK)兩款注射液獲批臨床 將開展試驗 AASTOCKS.com

2025年的消费市场，像一场迟到的清算。 23家品牌倒下了，钟薛高、许留山、艾格、黛安芬、派特鲜生、blank me……名字不一样，死法差不多：都以为自己能一直骗下去，结果消费者不陪着玩了。 沥金 把这23家翻了个底朝天，结论很简单： 这不是消费寒冬，是市场终于学会了挤脓包。 过去十年，消费圈的戏码基本就只有两种。一种是国际巨头按照地图圈地，一个赛道都不放过；另一种是新消费选手，端着资本给的水管拼命浇流量，企图浇出下一个网红。 两条路的本质都一样，用速度糊弄质量，用规模掩盖烂账，用故事替代产品。谁讲故事讲得响，谁就能多骗一轮融资。 当终场的幕布落下，有人哭喊寒冬，但要我们说，这是市场做了次全面体检，顺便把瘤子割了。 这些品牌死了，恰恰证明一件事：中国消费者，终于醒了。 死掉的品牌，网红品牌集体暴雷 一个品牌怎么算死？ 要么是公司本身在工商系统中注销，要么是已经进入破产清算环节，要么是企业自身或创始人通过官方途径宣告关停。 这里选出的六家倒闭品牌只是代表，但死法惊人地相似：创立2-3年内拿到融资，烧钱扩张3-4年，然后死亡。 钟薛高、欢牛、酪神世家等无不如是，开局是资本的掌上明珠，收尾是市场的弃婴。 资本只是激素，长肉还得靠吃饭。一年打爆单品，两年铺满渠道，三年准备上市——听着热血，实则是用增长指标掩盖产品没扎根的事实。楼盖得再高，地基是泡沫，风一吹就塌。 更讽刺的是那些明星创始人。酪神世家的郭本恒，光明乳业前总经理；一期一会的费琪文，百雀羚前高管。履历拿出来都能砸死人，但该翻车照样翻车。 不是他们不努力，是他们太懂过去了。郭本恒脑子里还是渠道为王，费琪文手里攥着爆款公式，可现在的消费者在抖音小红书里逛，谁还吃你那套？ 消费圈没有路径依赖，只有路径淘汰。用老地图找新大陆，活该撞墙。 死得最惨的，还得是卡在中间的那些。 钟薛高，往上够不着奢侈品的边，往下被3块钱的雪糕按着打；许留山，左边是遗忘它的老顾客，右边是喜茶奈雪们的降维打击。 两头不靠岸，等于两面挨巴掌。现在的消费市场就剩两条路：要么极致便宜，让大妈都觉得赚了；要么贵得有道理，让年轻人觉得值。 沉睡的品牌，化为时代标本 沉睡的品牌往往悬而未决，标准比“死掉”的品牌宽松一些。 要么是工商系统显示经营异常，要么是没有明确宣布关闭，但官微、公众号停更超过6个月，主要渠道（网店、线下门店等）关停。 虽然它们大概率活不了，...

前言： 我们经常听到两句话： 1、人一辈子都在为认知买单 2、企业能走多远，取决于老板的认知 这两句话揭示了认知的重要性。但似乎很少人尝试从认知角度研究与战略之间的关系。 美国著名管理学者汉布里克（Hambrick）和梅森（Mason）于1984年提出“高层梯队理论“认为：由于内外环境的复杂性，管理者不可能对其所有方面进行全面认识。即使在管理者视野范围内的现象，管理者也只能进行选择性观察。 管理学者Donald Hambrick和Phyllis Mason则认为战略问题的感知太依靠主观思考，它们很大程度来源于决策者的个人偏见，包括他们的认知基础（如对未来事件、备选方案及其后果的知识和假设）和价值观。 理查德·赛尔特（Richard Cyert）和詹姆斯·马奇（James March）是20世纪最具影响力的组织理论学者之一，他们提出了“有限性理论“，认为战略存在高度复杂和模糊的信息，因此想做出完全理性的决策并不可能，战略选择是管理者行为因素的产物，而不是对经济优化的最佳追求。 综上，我认为， 创始人认知与战略之间有着重要的联系。 事实上，梅丽莎·A·席林，纽约大学斯特恩商学院约翰·赫尔佐格管理学讲席教授。她曾经做过一个关于哪些认知特质或认知过程使得企业领导者做出成功战略的研究，核心问题就是：为什么有些人能做出改变行业格局的伟大战略，而有些人则做不到？ 她的研究结果表明三个认知机制非常重要： 1、抽象思维 ——能够跳出细节，看到市场或技术的本质结构。比如乔布斯把计算机抽象成”思维的自行车”，这种高层次的概念让他优先追求易用性和美感，而不是堆砌接口功能。 2、理想主义 ——一种由崇高目标驱动的认知倾向，使人愿意突破”实用”的边界去寻求根本性解决方案。马斯克执着于让人类成为多星球物种，这种信念让他愿意承受常人不能接受的失败和损失。 3、长路径分析推理 ——比竞争对手想得更深、更远，提前预判多重因果链条。盖茨和IBM的合作，本质上是他比别人更早看清了网络外部性的逻辑。 研究说明： 我将尝试用半学术的方式进行研究分析，主要用话语分析法对文本进行分析；本研究只是研究认知与战略绩效的关系，试图启发企业家认知对战略绩效重要性的关注；填补市场对这部分认知空白，没有针对某个人的含义，也不涉及任何投资建议。 为什么选择汤臣倍健？ 因为我曾经作为其供应商合作，虽然并没有直接与其董事长沟通，但...

格隆汇3月4日｜加密货币概念股盘前普涨，Strategy、Coinbase涨超6%，Circle、MARA Holdings涨超5%，Bitfarms、CleanSpark、Robinhood涨超3%。 消息面上，比特币大涨超4%，站上71000美元/枚。美国总统特朗普表示，美国首个为稳定币发行提供监管框架的《GENIUS法案》正受到银行业的威胁与削弱，同时敦促国会尽快推进加密市场结构法案。随后，美国商品期货交易委员会(CFTC)主席Mike Selig在X平台发文再次呼吁《CLARITY法案》尽快通过，称特朗普关于推动《CLARITY法案》通过的立场是正确的，建立面向未来的数字资产市场结构至关重要。CFTC已准备在特朗普任期内落实该法案。(格隆汇)

据港交所2月27日披露，Huge Dental Limited（沪鸽）递表港交所主板，中金公司、DBS为联席保荐人。这已经是沪鸽第三次冲击港交所，其曾分别于2025年2月、8月向港交所递交过上市申请。 沪鸽是一家专业的口腔材料公司，提供涵盖口腔临床类产品、口腔技工类产品及口腔数字化产品的多元化产品组合，适用于牙科核心专业领域的多种应用场景。公司主要通过经销模式在中国生产及销售口腔材料，并逐步拓展国际市场。 很长一段时间里，中国口腔医疗市场被进口产品占据，高品质国产齿科材料供给严重不足。2006年，宋欣在山东创办沪鸽，专注高品质齿科材料研发生产。 经过多年发展，公司打造了多元化的产品组合，包括口腔临床类产品、口腔技工类产品、口腔数字化三大类产品，产品矩阵覆盖口腔医疗机构（包括口腔医院及诊所）和技工所的所有场景，有效满足包括修复科、种植科、牙体牙髓科、正畸科及儿牙科在内的客户多样化临床需求。 根据弗若斯特沙利文的资料，按中国2024年销售收入计，沪鸽的弹性体印模材料及合成树脂牙排名第一。2024年，沪鸽在中国口腔材料市场按收入计的市场占有率为1.3%。按2024年销售收入计，沪鸽是中国最大的口腔印模制取材料制造商，亦为中国最大的口腔临床类材料制造商之一，在国内制造商中拥有最多CE标志或FDA批准的口腔临床类材料。 财务方面，2023年、2024年、2025年，沪鸽营收分别为3.58亿元、3.99亿元、4亿元，同比分别增长27.86%、11.45%、0.25%。 于往绩记录期，沪鸽大部分收入来自销售口腔临床类产品及口腔技工类产品。其口腔临床类产品包括印模制取材料、玻璃离子材料及树脂黏接材料等多种产品。其口腔技工类产品包括活动义齿修复材料及固定义齿修复材料。 来源：招股书截图 具体来看，2023年、2024年及2025年，沪鸽销售口腔临床类产品所得收入分别为1.95亿元、2.22亿元以及2.19亿元，分别占年度总收入的54.4%、55.7%及54.5%。 同期，沪鸽销售口腔技工类产品所得收入分别为1.53亿元、1.67亿元以及1.73亿元，分别占总收入的42.7%、41.9%及43.3%。 作为布局方向之一，口腔数字化产品目前仍处培育阶段。于2023年、2024年及2025年，公司销售口腔数字化产品所得收入分别为280万、250万以及70万元，分别占年度总收入的0.8%、0...

PE行业正在上演诡异的一幕： 一方面，各家PE巨头们基本都发布了亮眼的财报，募资额暴增，并实现了创纪录的利润。黑石去年净利润21.4亿美元，同比翻了一倍，创下“四十年最强业绩”；KKR去年Q4单季募资430亿美元创下四年新高；阿波罗全球全年募资2280亿美元创历史纪录，利润超出市场预期…… 与此同时，它们的股价却一泻千里。刚刚过去的2月，几乎成了PE行业的“股灾”之月——黑石的股价单月跌幅达20%，KKR跌了30%，阿波罗全球资管跌了29%，Ares Managemant跌了33%，凯雷跌了12%，TPG跌了33%。 2月的最后一个交易日（2月27日），又是集体大跳水的一天。黑石跌了3.88%，KKR跌了6.34%，阿波罗全球资管跌了8.57%……这样不讲道理的跌法，让人恍如回到了2008年金融危机。 实际上，自进入2026年以来，PE巨头们的股票就一直在被投资者大肆抛售。年初至今黑石市值已经缩水了30%多。令人担忧的是，这次大跌不但没有企稳的迹象，反而还有愈演愈烈之势。 “SaaS末日”成了PE巨头们的滑铁卢 在今天的资本市场上，AI是万因之始，亦为万象之果。这场大跌的祸源，同样被扣到了AI的头上。 2026年1月，Anthropic发布了AI智能体工具“Claude Cowork”，可以自主在用户的电脑上执行复杂、多步骤的专业工作。一时之间，整个SaaS行业人心惶惶。因为Claude Cowork号称可以搞定财务审计、人事管理、法律合规等各种各样的工作，传统SaaS软件公司将被一举颠覆。 于是，一场“SaaS末日”恐慌席卷美股，上市SaaS公司股价集体暴跌。 这还没完。2月23日，Anthropic宣称其AI编程工具“Claude Code”能够在一夜之间完成对COBOL系统的现代化改造。COBOL被称为软件行业“最坚固的堡垒”，IBM靠维护COBOL代码已经躺赚了几十年。消息一出，IBM股价单日暴跌13%，创下25年来最大跌幅。 虽然，事后来看这两件事中舆论都有点过分夸大了AI的能力，AI还没那么快在专业工作上替代人类。但对传统SaaS商业模式的怀疑种子已就此种下，庞大的软件行业成了一座融化中的冰山，而第一道裂缝已经出现。 在GPT横空出世之后，多少传统行业都在惴惴不安地担忧会不会被颠覆。现在，第一个AI“受害者”看起来已经出炉了。 那么问题来了，软件行业崩了...

作者：Stephanie Palazzolo、Aaron Holmes评论：Jason M Nelson、Michael Gandolfi 据一位了解该项目的消息人士透露，OpenAI 正在开发一款代码托管平台，用以替代 微软 旗下广受欢迎的代码库 GitHub—— 该平台供软件工程师存储、分享和协作编写代码。 推出这款新产品的决定，源于近几个月来，OpenAI 工程师与其他 GitHub 用户一样，频繁遭遇平台停机故障。据两家大型客户公司的工作人员表示，这些故障会导致工程师数分钟至数小时内无法修改代码或协作开发。 消息人士称，该项目仍处于 早期阶段 ，可能还需数月才能完成。 消息人士表示，项目团队已讨论过向 OpenAI 客户开放该代码库并收费的可能性。若真如此，这将成为这家人工智能公司与其最大股东之一微软 正面竞争 的最新案例。微软已对 OpenAI 进行投资，双方形成广泛合作关系，均从中获得商业收益。例如，OpenAI 开发的 ChatGPT 相关功能可支持用户协作编辑文档、创建和修改演示文稿，与微软 Office 应用功能高度相似。 与此同时，微软借助 OpenAI 模型为 GitHub 旗下开创性 AI 编程工具提供支持，该工具可自动补全开发者代码，还能完成跨语言重写等更复杂的编程任务。 OpenAI 最终也可能选择 不对外公开发布 这款类 GitHub 产品，仅供内部开发者使用。 但如果 OpenAI 将该代码库与自家 Codex 编程智能体结合推出 —— 后者可自动完成功能开发、代码调试等任务 —— 对于希望在编程项目中同时与 AI 智能体和人类协作的开发者客户而言，将极具吸引力。 OpenAI 发言人拒绝置评。微软及 GitHub 发言人亦未回应。 编程领域革命 OpenAI 此举正值 AI 编程工具正在彻底改写企业软件开发方式之际。Meta、微软、 亚马逊 等科技巨头均表示，目前公司相当一部分代码由 AI 生成。过去一年涌现出大量初创公司 —— 包括由 GitHub 前 CEO Thomas Dohmke 创立的新公司 —— 都押注未来人类开发者无需亲自编写甚至查看代码。 上线四年的 GitHub Copilot AI 编程工具是业内首批此类产品之一，曾在开发者用户中占据先发优势。但随着 OpenAI 与 Anthropic 推出更先进的编程智能体...

Abstract Aerial Art/DigitalVision via Getty Images Murphy Oil ( MUR ) has a recent seminar to educate the market about the niche they fill has less competition than is the case in the normal oil & gas industry. The first statement was the well-known industry shif t to unconventional. This part of the industry can ratchet production up or down one well at a time. It often serves as the swing production in this very cyclical industry. But that left an opening for a well-run smaller company like Murphy to explore the higher quality (super major) leftovers. Less competition means lower entry costs while sifting through ideas for the quality potential. Over time, that can mean a whole lot more profitability. Lumpy History This company is firmly focused on profitability (period). That is in contrast to a lot of managements that are focused upon smooth, profitable growth. As a result, growth here can be a bit on the lumpy side because new profitable development opportunities do not exactly come as needed to provide that smooth growth. Murphy Oil Production History (Murphy Oil Corporate Presentation March 3, 2026 Conference) A good example of the Murphy philosophy is shown above with the Malaysia discovery that turned out to be outsized when compared to the company back then. What happened was that very profitable Malaysian production peaked while the exploration program did not find anything of the significance needed to grow production past the peak production. Therefore, production did decline until the next major discovery happened. Vietnam That major discovery may well be the building of Vietnam business. The last article went into some depth on this discovery. Management added some critical details to this major find as shown below. There is going to be still more discussion on the materiality of this find next week. Potential investors need to review the time that management is spending trying to educate the market on this situation. The business already has a signif...

Empirical Asset Management LLC lifted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 197.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,792 shares of the social networking company's stock after buying an additional 14,454 shares during the period. Meta Platforms makes up approximately 2.4% of Empirical Asset Management LLC's portfolio, making the stock its 7th biggest holding. Empirical Asset Management LLC's holdings in Meta Platforms were worth $16,004,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC increased its holdings in Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after buying an additional 570 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after acquiring an additional 875 shares during the period. Headwater Capital Co Ltd grew its position in shares of Meta Platforms by 294.7% during the 1st quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company's stock valued at $86,454,000 after acquiring an additional 112,000 shares during the period. Dymon Asia Capital Singapore PTE. LTD. purchased a new stake in shares of Meta Platforms during the 2nd quarter worth approximately $213,000. Finally, Capital & Planning LLC bought a new stake in shares of Meta Platforms in the 2nd quarter worth approximately $322,000. 79.91% of the stock is owned by hedge funds and other institutional investors. Get Meta Platforms alerts: Sign Up Key Headlines Impacting Meta Platforms Here are the key news stories impacting...

European bonds fell for a third session as oil and natural gas prices continued to surge, with a US plan to protect a crucial Mideast shipping lane failing to calm investor sentiment. German and UK yields edged higher, while the debt of Europe’s so-called periphery underperformed. The premium investors demand for Italian debt over Germany, a gauge of risk, widened to 72 basis points, the most since November. Market attention remains firmly on the potential inflationary consequences of the energy price surge following the conflict in the Middle East. European natural gas prices are trading near the highest since 2023 , while oil rose to $84 a barrel, overshadowing a US aim to escort tankers passing through the Strait of Hormuz. “Energy price dynamics continue to dominate bond market moves,” said Hauke Siemssen , a rates strategist at Commerzbank AG. “We would abstain from catching the falling knife today.” Siemssen said investors had piled into carry trades in riskier European debt markets such as Italy in recent weeks, and a dialing back of those positions is amplifying the widening in yield spreads. While Spanish bonds also traded lower, there was no sign of impact from US President Donald Trump’s threat on Tuesday to “cut off all trade with Spain” after the country denied access to its military bases for the American bombing campaign against Iran. The gap over safer German debt widened slightly to 47 basis points, the most since December. The euro area — which imports almost all of its oil and most of its natural gas — is seen as being particularly vulnerable as the war in Iran escalates. The market moves are stoking fears of a rerun of 2022, when an energy price shock caused by Russia’s invasion of Ukraine proved more persistent than initially expected. With money markets now pricing around a one in three chance of a European interest-rate hike by year-end, traders will be watching commentary from policymakers such as Luis de Guindos and Francois Villeroy de Galh...

格隆汇3月4日丨据央视，俄罗斯交通部3月4日通报，乌克兰无人艇在地中海袭击了俄“北极液化气”号运输船。事发日期为3月3日，在马耳他领海附近。船上30名俄罗斯籍船员全部获救。俄方将此次事件定性为国际恐怖主义和海盗行为。

格隆汇3月4日丨花旗集团股票策略师David Groman表示，在欧洲市场中，航空航天与国防行业在中东地区的销售额在总销售额中所占份额最大，略低于7%。奢侈品和化学品排名第二和第三，占总销售额的6%以上。房地产、公用事业、金属和采矿以及IT行业受影响最小，在该地区产生的收入不到总收入的1%。

Compagnie Lombard Odier SCmA Invests $451.64 Million in Amazon.com, Inc. $AMZN MarketBeat

Citizens Business Bank bought a new position in Meta Platforms, Inc. (NASDAQ:META - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 926 shares of the social networking company's stock, valued at approximately $680,000. A number of other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in Meta Platforms during the 2nd quarter valued at approximately $23,155,393,000. Laurel Wealth Advisors LLC increased its position in Meta Platforms by 73,443.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 8,417,003 shares of the social networking company's stock worth $6,212,506,000 after buying an additional 8,405,558 shares during the period. State Street Corp lifted its holdings in shares of Meta Platforms by 1.9% during the second quarter. State Street Corp now owns 86,925,674 shares of the social networking company's stock worth $64,158,971,000 after buying an additional 1,650,435 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Meta Platforms by 0.8% in the second quarter. Vanguard Group Inc. now owns 192,591,101 shares of the social networking company's stock valued at $142,149,566,000 after acquiring an additional 1,532,568 shares during the period. Finally, Concentrum Wealth Management boosted its position in shares of Meta Platforms by 948.7% in the third quarter. Concentrum Wealth Management now owns 1,243,577 shares of the social networking company's stock valued at $913,000 after acquiring an additional 1,124,998 shares during the period. 79.91% of the stock is currently owned by institutional investors. Get Meta Platforms alerts: Sign Up Insider Activity In other news, Director Robert M. Kimmitt sold 580 shares of the firm's stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $639.18, for a total transaction of $370,724.4...

Explainer: Why is Asia so reliant on Middle Eastern oil? Reuters

格隆汇3月4日｜俄罗斯外交部发言人：(就针对伊朗的袭击发表声明)伊朗的核设施再次遭到袭击，引发严重的放射性风险。此次袭击野蛮至极。

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. NVIDIA (NasdaqGS:NVDA) is committing a combined $2b to Lumentum and Coherent to secure advanced optics and laser components for next generation AI data centers. The multiyear partnerships aim to lock in capacity for critical optical networking technology used in high performance AI infrastructure. These agreements include expanded U.S. manufacturing and research activity tied to NVIDIA's long term AI hardware roadmap. NVIDIA's share price sits at $180.05, with the stock up 55.3% over the past year and a very large gain over the past 5 years. Despite recent declines of 6.6% over the past week and 5.8% over the past month, the company remains a central player in AI infrastructure, and moves like this are closely watched by investors tracking the broader AI buildout. The $2b optics commitments to Lumentum and Coherent give you a clearer view of how NVIDIA is thinking about future AI data center needs, particularly around high bandwidth and low latency connectivity. For investors following NasdaqGS:NVDA, this kind of capacity reservation in critical components may be an important signal about how the company is planning for the next phase of AI factory construction. Stay updated on the most important news stories for NVIDIA by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on NVIDIA. NasdaqGS:NVDA Earnings & Revenue Growth as at Mar 2026 📰 Beyond the headline: 2 risks and 4 things going right for NVIDIA that every investor should see. Investor Checklist Quick Assessment ✅ Price vs Analyst Target : At US$180.05 vs an average analyst target of US$264.25, the share price sits about 47% below the current consensus. ❌ Simply Wall St Valuation : Shares are trading around 13.3% above Simply Wall St's estimated fair value, flagged as overvalued. ❌ Recent Momentum: The 30 day retur...

财联社3月4日讯（编辑 李响） 今日，A股再次大跌，在避险资金情绪高涨下，债市全面走强。市场围绕流动性宽松托底与两会政策博弈展开，大行配置盘持续发力中短端，长端品种则陷入窄幅震荡，以基金、券商为代表的交易盘追涨意愿不足。 具体来看，国债期货收盘多数上涨，30年期主力合约跌0.03%报112.770元，10年期主力合约涨0.05%报108.555元，5年期主力合约涨0.08%报106.145元，2年期主力合约涨0.05%报102.518元。 银行间主要利率债收益率全线下行，截至下午16:30，10年期国债活跃券250022收益率下行0.7bp报1.789%，30年期国债活跃券2500006收益率下行0.5bp报2.229%，10年期国开活跃券250220收益率下行0.75bp报1.955%。 （数据来源：Wind，财联社整理） 一级市场方面： 业内人士指出，全国政协十四届四次会议正式开幕，两会政策窗口期全面开启，市场对财政发力节奏、地方化债政策与货币宽松定调的观望情绪显著升温，2 月制造业 PMI 弱于前值的基本面数据为债市提供底层支撑。不过若美伊冲突持续发酵下油价持续上涨，市场对于通胀担忧加强，仍会影响债市表现，阶段性看多债市的同时保持一份谨慎。 公开市场方面，央行公告称，3月4日以固定利率、数量招标方式开展了405亿元7天期逆回购操作，操作利率1.40%，投标量405亿元，中标量405亿元。Wind数据显示，当日4095亿元逆回购到期，据此计算，单日净回笼3690亿元。 资金面方面，Shibor短端品种集体下行。隔夜品种下行0.1BP报1.266%；7天期下行3.3BP报1.415%；14天期下行4.4BP报1.454%；1个月期下行0.2BP报1.548%。 银行间回购定盘利率多数持平。FR001持平报1.35%；FR007持平报1.52%；FR014跌1.0个基点报1.53%。 银银间回购定盘利率多数持平。FDR001持平报1.27%；FDR007跌2.0个基点报1.43%；FDR014持平报1.45%。 质押式回购利率表现涨跌不一，具体表现如下： （数据来源：Wind，财联社整理） 据Choice 数据统计显示，今日交易所市场非金信用债涨幅排行前五的分别是：H1碧地01、H2万科04、H2万科06、H1万科06、25川高K1。具体如下： 据Choice 数据...

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Recent performance snapshot and context for AMD Advanced Micro Devices (AMD) has drawn fresh attention after a period of weaker share performance, with the stock showing negative returns over the past week, month, and past 3 months despite a strong 1 year total return. That contrast between short term pullback and longer term gains is prompting investors to reassess what the current price of around $190.95 reflects about AMD’s earnings profile, growth record, and exposure to major computing and AI trends. See our latest analysis for Advanced Micro Devices. So far in 2026, the 14.55% year to date share price decline and weaker recent momentum sit alongside a much stronger 1 year total shareholder return of 89.53%. This still points to a very strong longer term outcome for investors who held through volatility. If AMD’s recent pullback has you thinking about where else AI related opportunities might sit, it could be a good moment to scan 34 AI infrastructure stocks as a starting list of potential ideas. With AMD’s shares pulling back recently but still showing a strong 1 year return and trading at a reported 31% intrinsic discount, you have to ask: is this a genuine opening, or is the market already baking in the growth story? Most Popular Narrative: 36.4% Undervalued According to the most widely followed narrative on AMD, a fair value of about $300 per share stands well above the last close of $190.95. This puts a spotlight on whether the market is fully reflecting its AI and data center ambitions. AMD has evolved into a formidable player in AI and enterprise compute, propelled by leadership in CPUs (EPYC) and a growing presence in GPUs (Instinct MI series). With solid revenue and earnings growth, strong analyst upgrades, and a valuation that still looks reasonable compared to peers, AMD offers a balanced play on AI infrastructur...

A Look At Advanced Micro Devices (AMD) Valuation After Recent Share Price Weakness And Strong One Year Return Yahoo Finance

Nvidia (NVDA 1.29%) stock has blasted higher over the past several years, and this is for a very good reason: The company has assembled an artificial intelligence (AI) empire, becoming the key player in this high-growth industry. Analysts expect the AI market to reach beyond $2 trillion by the early part of the next decade, and Nvidia is set to benefit. The tech giant sells the graphics processing units (GPUs) that are the most sought-after worldwide due to their speed and efficiency. They power tasks that are unavoidable along the AI path, such as the training of large language models. Nvidia's earnings continue to soar, yet the stock's performance has been lackluster since the start of the year. But this downward trend may not last much longer. Here's why March could be a turning point for Nvidia stock. Why Nvidia stock has slipped First, a quick note about why Nvidia stock has lost momentum in recent weeks. This isn't for a reason that's specific to Nvidia. Instead, it's part of general concerns about high AI spending, whether it's sustainable, and whether the growth opportunities match these levels of spending. All of this, along with generally high stock valuations, has weighed on investors' appetites for AI stocks -- even as Nvidia and peers continue to report rising earnings and speak of high demand for AI. As a result, Nvidia stock and many other AI stocks have declined since the start of the year. Now, let's consider why March may represent a positive turning point for Nvidia. The company will hold GTC, its major AI conference, from March 16 through 19. This is a big event for Nvidia as it offers the company an opportunity to speak about AI developments as well as the future of the technology and Nvidia's evolving role. Expand NASDAQ : NVDA Nvidia Today's Change ( -1.29 %) $ -2.36 Current Price $ 180.12 Key Data Points Market Cap $4.4T Day's Range $ 176.92 - $ 180.89 52wk Range $ 86.62 - $ 212.19 Volume 5.1M Avg Vol 175M Gross Margin 71.07 % Dividend Yield ...

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恒瑞医药(01276.HK)：子公司HRS-1780片获临床试验批准，用于治疗原发性醛固酮增多症 FX168财经

格隆汇3月4日｜Moderna(MRNA.US)盘前涨4.15%，报51.9美元。消息面上，Moderna表示同意支付9.5亿美元，以和解与Arbutus Biopharma和Genevant Sciences就该公司现有和未来疫苗在全球范围内的所有诉讼，并且不再支付任何未来的特许权使用费。公司又称，如果联邦巡回上诉法院确认其责任，将在90日内额外支付最多13亿美元。随着专利阴云逐渐消退，以及与OpenAI深度合作的Moderna试图将AI深度嵌入mRNA药物研发与运营体系的增长叙事主线，市场正在将“mRNA平台+前沿AI能力”定价成Moderna下一阶段股价主升浪的核心催化剂。(格隆汇)