400tmax/iStock Unreleased via Getty Images Alphabet ( GOOGL ) ( GOOG:CA ) isn't a market darling these days. The stock is 18% off its February all-time high, and it's also down 10% year-to-date after its huge gains last year. The main reason the stock is down is that investors are worried about how much the company is spending on AI CapEx ($175-185 billion projected this year). Then, you have profit-taking from last year's rally and the Middle East tensions that are also in play here. When I wrote about GOOGL in September 2025, I downgraded it from a Buy to a Hold because I was worried that the valuation wasn't attractive anymore, especially with the antitrust catalyst out of the way. The stock was trading around $240 then, and I said buying the dip near $210 could be a better move. Well, the dip never came, and the stock is now at $285. So, in hindsight, I underestimated GOOGL stock and overestimated how high the valuation actually seemed to investors. Even though the stock is higher than it was in my last article, I'm upgrading the stock to a "cautious Buy" rating. Not a high-conviction Buy rating from me, but it's still worth considering if you want AI exposure and are good with Alphabet's shorter-term spending for a longer-term payoff. Why I'm Upgrading GOOGL To A Cautious Buy Without further ado, let's get to the Buy thesis. Alphabet is an AI leader that's gaining market share in Google Gemini and Google Cloud, and it's trading at a reasonable price overall (roughly 25x forward P/E), especially when you consider that its EPS is still expected to grow in the mid-teens in 2027 and 2028. Plus, analysts keep revising their revenue and EPS estimates higher over time, and that trend can continue if AI demand continues exploding. If so, the valuation will actually end up looking better in hindsight. The reasons it's not a high-conviction rating are that the valuation can still come down more (it's reasonable, but it's still above its 3-year average), the stock's momen...

New Nuclear ETF Swaps TSM for Broadcom in Rebalance ETF Database

Global markets have become highly volatile in recent days as the Iran war drives oil prices higher and heightens geopolitical uncertainty. As a result, the benchmark S&P 500 index is down roughly 4.3% (as of March 24, 2026) since the conflict began. Investors have been reducing exposure to equities, including high-growth technology stocks, and instead shifting capital toward safe-haven assets. That shift in sentiment is weighing on artificial intelligence (AI) infrastructure stocks, including Arista Networks (NYSE: ANET) , whose shares trade down almost 19% from the 52-week high set in November 2025. However, this pullback appears to be driven mostly by macroeconomic uncertainty rather than company-specific weakness. Image source: Getty Images. Continue reading

FuelCell Energy bets on 12.5 MW modular blocks to power AI data centers, but scaling depends on converting proposals into contracts and ramping output.

RoschetzkyIstockPhoto/iStock Editorial via Getty Images I was recently asked which was the best robotaxi stock play for 2026, here on Seeking Alpha, and I broke down a list of companies with a working operation and/or a clear path to monetization. I noticed a few of you in the comments asking why Tesla, Inc. ( TSLA ), didn't even make the list, almost as if I could forget the biggest "bull case" in the industry. I can assure you, I didn’t forget. In fact, Tesla deserves its own dedicated analysis to explain exactly why I excluded it from my top picks (or, for that matter, just picks) for autonomous mobility exposure. While I see some news, which surprises me over and over again, like recent Morgan Stanley ( MS ) analysts claiming Tesla has an enormous positive catalyst for unsupervised ride miles (Alphabet's ( GOOG )( GOOGL ) Waymo from almost 6 years ago does a “facepalm” when it reads it), I see a company that is still fundamentally struggling to prove that its approach is safe enough for a driverless future. I am genuinely surprised there are people, who are willing to risk their lives to test out CEO Elon Musk's safety-narrative. The core of my skepticism comes from the technological divide I discussed in my recent Mobileye ( MBLY ) article. Mobileye is a company that has been a leader in autonomy for cars, and was originally supposed to provide Tesla Autopilot , but the partnership came to an abrupt end due to a safety dispute in 2016 . Mobileye management works on an advanced system, which will be able to determine the best possible behavior for a driverless car in any critical situation. I bring it up in this article for an argument that Mobileye's management made. They say that thousands of hours of video will never “teach” the neural network how to respond in the infinite number of scenarios, which can happen on the road, some of which may never repeat again. Mobileye, for example, uses a "fast and slow" architecture that mimics human reflexes and deep cogn...

The Tesla Robotaxi Story Is A Myth: Why I'm Maintaining My Strong Sell Into Q1 Earnings seekingalpha.com

New Nuclear ETF Swaps TSM for Broadcom in Rebalance etfdb.com

格隆汇3月27日｜证监会：2026年，中国证监会将坚持稳中求进、提质增效，紧扣防风险、强监管、促高质量发展的工作主线，提升监管效能，保护投资者合法权益，在法治轨道上推进资本市场治理体系和治理能力现代化。研究制定资本市场法治建设规划，加快重点领域立法修法，提高制度包容性、适应性和竞争力、吸引力。全面落实依法从严打击证券违法活动的工作要求，坚持监管执法“长牙带刺”、有棱有角，严厉打击各类证券期货违法犯罪活动。加强资本市场中小投资者保护，推动更多代表人诉讼案例、先行赔付案例落地，切实提升投资者获得感。

Apple (NASDAQ:AAPL) hasn’t been the most impressive gainer in recent months, but, at the very least, it’s avoided plunging into a bear market. After Thursday’s brutal session, much of the Magnificent Seven is in a bear market, with some members just a bad day or two away from experiencing a 20% peak-to-trough decline. Meanwhile, Apple ... Why One Veteran Analyst Sees Apple Reaching $350 as Its AI Strategy Takes Shape—and Why He’s Right on the Money

天齐锂业公告，公司2025年营业收入103.46亿元，同比下降20.80%；归属于上市公司股东的净利润4.63亿元，上年同期为亏损79亿元，同比实现扭亏为盈。公司计划不派发现金红利，不送红股，不以公积金转增股本。

上海市市长龚正今天（3月27日）会见了英国伦敦金融城市长兰淑安一行。龚正说，金融是上海最重要的城市功能之一，上海已基本建成与中国经济实力以及人民币国际地位相适应的国际金融中心。我们正在深入实施高水平金融对外开放，持续增强上海国际金融中心的竞争力和影响力。伦敦金融城是全球著名的国际金融、商业和经济中心。两市自1996年建立友好交流关系以来，在金融投资、服务、培训等专业领域开展了广泛务实合作，取得了积极成果。希望两市以结好30周年为契机，进一步在绿色金融、离岸金融、金融科技等领域加强交流、深化合作，实现更高水平的互利共赢。期待双方共同打造多层次的绿色金融机构体系、多元化的绿色金融产品体系，在跨境投融资、金融市场互联互通等方面加强合作，探索推动区块链、人工智能等前沿技术在金融领域推广应用，进一步拓展金融服务边界，激发金融创新活力。兰淑安说，这是我12个月内第三次访问上海，为庆祝两市建立友好交流关系30周年，两市一起种下了一棵玉兰树。伦敦金融城与上海在30年间倾力合作，推动双向投资大幅增长，助力两国经济发展。展望未来，两市有许多共同的发展目标和理念，希望双方在人民币国际化、绿色金融、资本市场互联互通等方面进一步深化合作，实现更高水平繁荣发展。英国驻沪总领事包迈岫参加会见。 (上海发布)

格隆汇3月27日｜中集集团高管在2025年度业绩说明会上表示，在地缘冲突升级的情况下，最近集装箱需求和价格又有回升。当前不能再用常规思维预测集装箱业务，迅速反应能力更为重要。总体来看，虽然国际贸易放缓，但还保持增长，集装箱依旧是最重要、最先进的运输工具，目前还没有可替代的方案，中集集团也在巩固优势地位。据预测，2026至2028年集运船舶交付运力大概有950万TEU（标准箱），同时，船舶集运的航速持续降速，也带来了新箱需求，预计集装箱的保有量到2029年将突破7000万TEU，每年至少有200万至300万TEU更新体量。

当OpenAI宣布将全面停止Sora服务时，押注可灵的快手发布了最新财报。 3月25日，快手发布的2025年第四季度及全年业绩显示，2025年快手总收入同比增长12.5%至1428亿元（单位：人民币，下同），全年经调整净利润达到206亿元，同比增长16.5%，经调整净利润率达14.5%。 无论是财报还是电话会，快手也都在释放的一个明确信号：在传统主业放缓、增长有限的情况下，公司正推动AI从模型能力走向更完整的产业化应用，同时继续加大算力与基础模型投入，以支撑主营业务增长和未来长期竞争力。 近期各个大厂发布的财报中，AI的进展和布局无疑是业内最关心的，而百度和快手，是唯二两家重点披露AI商业化的公司。比如2025年Q4，百度AI业务占据总营收的43%，而快手的可灵AI也实现了3.4亿收入，虽然占比不到1%。 相比百度AI的体量和布局，快手AI这个饼虽有些小而难，但又不得不做，只能死命拽着。短期内，AI难以单独支撑快手的估值，其价值实现依赖于“技术领先-业务赋能-独立增长”的完整闭环，这也是资本市场反应冷淡的原因。长期来看，在加大资本投入的同时，快手的估值修复取决于AI的“技术周期”转化为“商业周期”的速度。 截至3月27日港股收盘，快手股价为46.1港元/股，微涨1.1%，总市值2007亿港元。 主营业务不容乐观，高增长故事终结 从此次财报看，快手在整体营收和利润上，仍然保持着同比两位数的增长，但是各个业务板块的增长不容乐观，甚至再次出现负增长。 财报显示，2025年全年，快手的线上营销服务收入达到了815亿元，同比增长12.5%，在总营收占比以57.1%，继续稳居第一大收入来源，其增长主要是由于AI在线上营销服务多场景的加速渗透与创新应用。 虽然AI技术的渗透带来了约5%的增量，AIGC营销素材消耗约40亿元，但线上营销业务的增速，已从早年的高速增长回落至与整体营收持平。比如2025年Q4线上营销服务收入236亿元，同比增长14.5%，看似不错，但环比增速已显疲态。对比抖音同期超20%的广告收入增速，快手在品牌广告、效果广告的争夺中逐渐落于下风，尤其是在美妆、汽车等高端广告市场，渗透率不足抖音的一半。 面对今年线上营销业务发展的问题，快手CEO程一笑在财报电话会上称，今年的增长机会主要来自生活服务、漫剧以及AI应用三个行业，将会通过产品升级、内容生态建设以及重点行业...

Matvei Rumiantsev, who became jealous of woman’s friendship with US president’s son, jailed for four years A Russian man has been jailed for four years for assaulting a woman in an attack in London that was witnessed on a video call by Donald Trump’s youngest son, Barron. Matvei Rumiantsev, 23, attacked the woman when he became jealous of her friendship with Trump, 19, after she met him through social media, a court heard. Continue reading...

AMD's Ryzen 9 9950X3D2 Dual Edition crams 208MB of cache into a single chip Ars Technica

AMD’s Ryzen 9 9950X3D2 Dual Edition crams 208MB of cache into a single chip Ars Technica

Wedbush reiterates Tesla stock Outperform rating at $600 target Investing.com

Wedbush reiterates Tesla stock Outperform rating at $600 target investing.com

3月26日，深天使正式发布《深圳市天使投资引导基金申报指南及遴选办法（2026年版）》。距离2020版出台，已经过去了六年。 深圳天使母基金成立于2018年5月，规模100亿元，由深圳市引导基金出资设立，是国内首只百亿级天使母基金。 根据投中嘉川CVSource数据，截至2026年3月26日，深圳天使母基金已累计出资98支子基金（其中10余支为深圳市种子母基金所投，该基金由深圳天使母基金代为履行出资人职责），投资总额超过90亿元。 但自2024年4月以来，深圳天使母基金未再开展参股子基金遴选， 本次新版的发布，既是对近两年相关政策文件的响应，也释放了后续继续出资的积极信号。 通过对比2026年版与2020年版，我们发现深天使在放宽准入、优化返投、拉长周期、强化绩效等多个维度协同发力，既降低了优质机构的合作门槛，又更精准地引导资本投向早期硬科技。 以下6点，是新旧两个版本的差异之处，当然也可看做是政府投资基金发展的趋势信号。 01.取消GP落地硬约束 旧版办法中，除了头部机构外，管理机构原则上必须在深圳注册。新版取消了这一限制，仅要求子基金原则上注册在深圳，且管理机构只需在深圳设置固定办公场所及核心人员常驻（缴纳社保）即可。 这一调整，降低了机构在深展业的成本，也顺应了近年来的政策趋势——不再执着于把机构锁在深圳，而是更看重人才和项目能不能真正落地。 02.投资能力增加投中独角兽与小巨人指标 新版对投资能力的认定进行了升级。不仅考察管理规模，而且明确要求 至少投出过1个独角兽、或1个10亿美元市值公司、或3个国家级专精特新“小巨人”。 这意味着，深圳天使母基金对业绩要求的更高，更倾向于将资金交给有过成功挖掘战新产业中明星企业的团队。 03.延长存续期与新增接续投资 早期硬科技创业周期长、投入大，深天使母基金也针对这一特点做了调整。 存续期延长： 新版将存续期从10年延长至15年 ，给底层技术更多成长时间，也顺应了耐心资本的方向。 接续投资：新增了接续投资要求，鼓励子基金拿出不低于10%的金额投向种子库或种子子基金已投的项目。同时，通过设置“20+8”产业基金在后续轮融资的优先投资权，打通了“种子-天使-成长期”的资本接力棒。 04.返投松绑 新版弱化了返投条款，并且 不再强制要求1.75倍返投。明确只要投资深圳的金额不低于天使母基金的实缴出资，即有机会申请回购或让利。...

The Diamond League's season-opening meet in Doha is scheduled to go ahead as planned but organisers are "exploring alternative options".

黄金市场的一个核心支撑正在动摇。 土耳其央行3月以来已出售及互换约60吨黄金，规模超过同期黄金ETF资金外流量。后者的抛压本已因金融市场动荡、债券收益率上升及美元走强引发的"现金为王"情绪而显著放大。 金价已较今年早些时候突破的每盎司5000美元峰值回落约18%。中东战争持续升级，能源成本飙升正迫使更多能源进口国动用黄金储备换取美元，央行作为黄金市场"单向买家"的市场共识正遭受前所未有的挑战。 土耳其率先打破"央行不卖金"惯例 土耳其此番抛售规模之大，令市场侧目。该国央行在3月两周内出售及互换约60吨黄金，折合逾80亿美元，目的是抵御能源成本飙升及市场对美元需求激增带来的货币压力。 这一规模已超过同期黄金ETF的资金净流出量——而后者的抛售本身已因金融市场整体动荡、债券收益率攀升和美元反弹而备受关注。 MKS PAMP SA金属策略主管Nicky Shiels表示："央行作为永久单向买家的叙事正在受到挑战。" 央行购金潮：2022年后的黄金牛市基石 自全球金融危机以来，各国央行整体上一直是黄金净买家。2022年底，俄罗斯外汇储备遭冻结事件凸显了分散美元资产的必要性，央行购金步伐随之明显加快，主权买家的年度购金量约相当于全球年度矿产供应量的四分之一。 受此推动，金价自2022年以来累计涨幅超过一倍，并于今年早些时候突破每盎司5000美元关口。 然而，伊朗战争引发的地缘经济冲击正在侵蚀这一支撑。若更多央行效仿土耳其，整体购金步伐将明显放缓，市场长期以来对央行"惜售黄金"的假设也将受到根本性质疑。 能源进口国与海湾国家：双重压力下的储备困境 此次风险的传导路径清晰可辨。部分长期积累黄金储备的国家本身是能源进口国，油气账单的大幅攀升意味着可用于补充贵金属储备的美元留存减少，黄金购买能力随之下降。 与此同时，波斯湾国家也面临压力。霍尔木兹海峡对大多数能源出口的封锁，已严重压缩了这些国家赖以维系财政的石油美元流入。尽管海湾国家持有规模可观的多元化资产，但石油美元的枯竭仍对其储备管理构成制约。 黄金市场缺乏"最后买家"机制，下行螺旋风险上升 与美债市场不同，黄金市场没有凌驾于各方之上的统一管理机构。这意味着各国持有的黄金资产不会面临被冻结的威胁，但同样意味着没有类似美联储的机构能够在危机时刻充当"最后买家"托底价格。 黄金多头目前寄望于中国央行能够填补需求缺口。然而，据彭博分析，...

ARK Invest trims its position in a bunch of tech stocks as the Nasdaq falls into correction territory.

Though the damages from the recent social media trial involving Meta and Google are in the millions, the potential implications are much larger.

John Wiley & Sons, Inc. ( WLYB ) declares $0.355/share quarterly dividend , in line with previous. Forward yield 3.68% Payable April 23; for shareholders of record April 7; ex-div April 7. See WLYB Dividend Scorecard, Yield Chart, & Dividend Growth. More on John Wiley & Sons John Wiley & Sons, Inc. 2026 Q3 - Results - Earnings Call Presentation John Wiley & Sons, Inc. (WLY) Q3 2026 Earnings Call Transcript John Wiley & Sons: Structural Risk To Higher Education Casts A Shadow Over AI Licensing John Wiley & Sons declares $0.355 dividend Wiley targets $45M–$50M in AI revenue for fiscal 2026 while expanding margin and global research footprint

TestMu AI has announced the integration of a robust browser infrastructure to its Browser Cloud, specifically designed to enhance the scalability and reliability of AI agents. This development addresses a significant infrastructure bottleneck, allowing AI agents to interact effectively with the web at an enterprise scale. By providing a high-performance, scalable test cloud, TestMu AI enhances the capabilities of AI agents to handle agent-scale workloads with greater efficiency. This...