格隆汇6月3日｜微软(MSFT.O)人工智能负责人宣布推出7款新人工智能模型，微软的人工智能模型新增了图像和转录模型。

Richard Drury/DigitalVision via Getty Images At a glance Performance The Portfolio returned -2.59% (gross) and the MSCI World Gross TR returned -3.47%. Contributors/detractors Stock selection in information technology, particularly companies tied to artificial intelligence (AI) infrastructure, aided relative performance. Exposure to companies caught in AI disruption fears detracted, along with minimal energy exposure. Outlook Geopolitical shocks underscore sustainability's resilience. We continue to invest in companies with pricing power, durable franchises, and exposure to long-duration themes positioned to navigate volatility and compound through-cycles. Portfolio management Hamish Chamberlayne, CFA Aaron Scully, CFA Investment environment The first quarter delivered a volatile start to 2026, with global equity markets declining. Markets moved higher over the first two months of the year but fell heavily in March as the U.S./Israel conflict with Iran escalated. The year began constructively, supported by economic data including a robust labor market, easing inflationary pressures, and steady consumer spending. U.S. markets reached record highs by mid-January on the back of expectations for continued earnings growth. In early March, however, U.S. and Israeli strikes on Iran escalated, and in retaliation, Iran closed the Strait of Hormuz – the chokepoint through which approximately 20% of global oil is shipped – resulting in the largest sudden oil-supply disruption on record. Brent crude oil prices surged from approximately $80 in February to over $113 by late March. European natural gas prices nearly doubled, and Asian liquefied natural gas (LNG) jumped approximately 48% amid frantic competition for replacement fuel. The energy price-shock rippled across the global economy, boosting inflation expectations, squeezing consumers, and prompting emergency government interventions. Aside from geopolitical developments, AI continued to dominate market sentiment during the...

格隆汇6月3日｜美国总统特朗普：用于支持非法移民或存储非法移民福利的银行账户将被关闭，资金最终将被扣押和没收，以便归还给纳税人。

Two AI chip giants, one retirement portfolio slot, and a clear question: Should income-focused investors own NVIDIA (NASDAQ:NVDA) or Broadcom (NASDAQ:AVGO) right now? Both ride the same secular wave: hyperscaler CapEx pouring into AI infrastructure. But they monetize it very differently, and that difference matters more for retirees than the headline growth numbers suggest. Here ... NVIDIA vs. Broadcom: Which Is the Better Long-Term AI Chip Bet?

随着市场对比特币的情绪转冷，过去数小时内超过10亿美元的加密货币被强制平仓，比特币价格跌至两个月最低点。根据CoinGlass汇编的数据，这种强制去杠杆化，即加密货币交易所对高风险交易进行的自动式强制平仓，规模已创下2月以来新高。 周二，比特币价格一度下跌6%，自4月5日以来首次跌破67000美元。市场对伊朗冲突的持续担忧，以及主要持仓机构Strategy Inc.的抛售行为持续打压投资者风险偏好。目前，比特币价格已较去年10月创下的约126000美元的历史高点下跌了近50%。 此次比特币下跌之际，恰逢AI投资热潮再度高涨为美股注入动能，加上投资者对于美伊达成和平协议抱有期待，股市持续飙高。比特币当前面临更多不利因素，因为传统上最大的两个需求来源，包括ETF和Michael Saylor旗下的Strategy公司，如今突然变成了价格的拖累因素。

Exuberant market reaction to a celebrity lawyer’s surprise victory in Colombia’s first-round election Sunday is sowing expectations for an investment rebound in the resource-rich Andean country. Abelardo de la Espriella — who calls himself “The Tiger” — is known for hawking his own brands of menswear and rum in the brash style of Donald Trump . He’s vowing to kickstart the Colombian economy after years of waning investment under outgoing leftist president Gustavo Petro . From oil to financial services and health care, Colombia may be primed for an economic jolt, analysts say, if the populist frontrunner can overcome Petro’s ideological heir Iván Cepeda in the June 21 runoff. Petro, who is not eligible for reelection, is leaving behind a sluggish economy. Foreign direct investment plummeted by a third to $11.5 billion in 2025 from $17.2 billion in 2022 when he took office. Among the key sectors that took a beating was hydrocarbons, after Petro banned new drilling and quashed fracking plans in a bid to wean the country off fossil fuels. Crude production stagnated and a natural gas deficit deepened. De la Espriella regularly bashes Petro’s green agenda, vowing a comeback akin to the Trump administration’s “drill, baby, drill” mantra. Shares in Colombia’s state-controlled oil company Ecopetrol SA jumped 9% Monday. “In the Tiger’s government, we will exploit the subsoil to the maximum,” the candidate declared at a recent campaign rally . Although he has been less vocal on Colombia’s shrinking coal industry, such rhetoric suggests he would ease pressure on Glencore -owned mine Cerrejón , which Petro’s government exhorted to deliver closure and transition plans. But De la Espriella has also said he embraces “neither climate denialism nor dogmatic environmentalism,” suggesting room for moderation. On gold and other minerals, the law-and-order politician has vowed to support legal mining and impose an “iron fist” on illegal ones, part of his wider security focus. His striden...

Marvell Technology stock surged Tuesday, on pace for a record closing high, after getting a big endorsement from Nvidia CEO Jensen Huang, who reckons the chips-and-networking company can achieve a market value of more than $1 trillion. Marvell currently has a market capitalization of around $249 billion. Nvidia’s Huang suggested Marvell’s shares could rise fivefold while speaking at the Computex conference in Taiwan alongside Marvell CEO Matt Murphy.

格隆汇6月3日｜美国总统特朗普：我们国家金融系统的使用权限必须仅限于那些拥有合法居留权、从事合法正当商业活动的人。

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格隆汇6月3日｜美国总统特朗普：非法移民和外国诈骗者每年从美国纳税人那里窃取数十亿美元。作为我政府历史性努力的一部分，以结束欺诈和扭转大规模非法移民，我最近签署了一项强有力的新行政命令，由财政部主导，旨在阻止银行、信用卡和金融机构被用于促进人口走私、毒品贩运、非法移民以及策划这些活动的犯罪集团。

Key PointsWith just $300,000 saved, you may be worried about running out of money at some point in retirement.

Investing.com -- Goldman Sachs CEO David Solomon said Tuesday that there is sufficient capital available as major artificial intelligence companies prepare to enter public markets.

格隆汇6月3日｜谷歌(GOOG.O)：从6月2日起，将更新美国预测市场政策，禁止在俄亥俄州投放预测市场合约及相关产品的广告。

Anecdonet Com/iStock via Getty Images Credo Technology Group Holding Ltd. ( CRDO ) reported Q4 earnings after the close Monday, and shares are selling off as investors assess the company's growth and take profits after a steep run-up. I think the results reaffirm the Credo bull case, and I will be adding to my position. Data by YCharts In my last piece on CRDO, I discussed the company's product portfolio and how it was preparing to capture future data center capex, rating the stock a Strong Buy. That article can be read here . It has since risen by more than 40% relative to 7.5% for the S&P 500 ( SPY ) and is up by nearly 120% since my initial call in February. We now return to the stock in the midst of elevated volatility and conflict narratives— on one side, the market appears disappointed by Credo's quarterly report as the stock trades down 3% on Tuesday as I write this (though it was down as much as 12% after hours on Monday); on the other side, Marvell ( MRVL ) is up 23%, and the AI networking sector is running as Nvidia ( NVDA ) CEO Jensen Huang talked up the former and said it could be "the next trillion-dollar company." While this is high praise, and I'm certainly bullish on the sector as well, I should note that Huang and Nvidia do own an equity stake in MRVL and are likely simply talking their book, as it were. Regardless, this is the current state of market sentiment, so with that context, let's quickly recap Credo's Q4 2026 report : Credo Q4 2026 Press Release As expected, the AI data center build-out gave Credo's operating results a substantial boost as revenue of $437 million grew by 157% YoY and 7.4% QoQ, non-GAAP gross margin expanded to 68.3% (+90 bps YoY/-30 bps QoQ), and non-GAAP EPS came in at $1.16 (+230% YoY/+8.4% QoQ). Active electrical cables (AECs) remain the core of the business as they continue their dominance in 100G-per-lane (800G) deployments and maintain viability within 200G-per-lane (1.6T) deployments in the intra-rack domain as well...

GOOG Collaborates with Voltus to Enhance Energy Capacity GuruFocus

Earnings Call Insights: Citi Trends (CTRN) Q1 2026 Management View "Simply stated, we had an excellent quarter" with "strong momentum early in Q2 as well with quarter-to-date comps in the high single digits" (CEO & Chairman Kenneth Seipel). "In Q1, we generated $13.9 million of EBITDA" and "exceptional comparable store sales growth of 13.9%" with a "2-year stack of 23.8%" (CEO Seipel). "Our gross margin rate expanded by 40 basis points" while "SG&A was well controlled and leveraged by 250 basis points versus last year" (CEO Seipel). "Family footwear continued its momentum" and in footwear, "off-price and extreme value strategy continues to gain momentum"; men’s delivered "a very strong quarter"; children’s "had another strong quarter"; and women’s apparel remains "a significant opportunity" as Citi Trends "continue[s] to reposition" the business (CEO Seipel). "Total sales for the first quarter were $230.9 million" and "gross margin increased 40 basis points versus last year to 40%"; freight was "higher than planned due to rising fuel surcharges" and "we expect that headwind to continue throughout the year" (CFO Heather Plutino). "Our balance sheet remains healthy with $81.1 million in cash at the end of the quarter, no debt and no drawings on our $75 million revolver" (CFO Plutino). Outlook "We are updating our outlook for fiscal 2026" to "comparable store sales growth of 8% to 10%" and "total sales" growth of "9% to 11%" (CFO Plutino). "Gross margin is expected to expand approximately 50 to 70 basis points compared to 39.6% in fiscal 2025" and the company said its "revised expectation for freight expense drove the decrease from our prior outlook of 100 basis points of margin rate expansion" (CFO Plutino). "Adjusted SG&A leverage" is now expected at "140 to 160 basis points versus fiscal 2025, higher than previous outlook of 70 to 100 basis points of leverage" (CFO Plutino). "Adjusted EBITDA is expected to be in the range of $35 million to $40 million" and "capital ...

A screen of communications services ( XLC ) stocks with market capitalizations between $300M and $2B highlights Emerald Holding ( EEX ), IDT ( IDT ), and Shenandoah Telecommunications Company ( SHEN ) among the market's least attractive names based on their valuation grades. The valuation grade compares how expensive or inexpensive a stock is relative to others in its sector. It is based on a combination of valuation metrics, such as P/E, PEG, price-to-sales, and price-to-cash-flow ratios, using both current and forward estimates. The overall valuation grade is derived from a comparison of all underlying metrics and reflects how attractively a stock is priced relative to its sector peers. The least attractively valued communications services stocks by valuation grade (market capitalizations between $300M and $2B) are: Emerald Holding ( EEX ): valuation grade F IDT ( IDT ): valuation grade D- Shenandoah Telecommunications Company ( SHEN ): valuation grade D- Sify Technologies ( SIFY ): valuation grade D- Anterix ( ATEX ): valuation grade D Newsmax ( NMAX ): valuation grade D Nextdoor Holdings ( NXDR ): valuation grade D Ibotta ( IBTA ): valuation grade D+ Marcus Corp ( MCS ): valuation grade D+ Reservoir Media ( RSVR ): valuation grade D+ More on Communication Services Select Sector SPDR Fund The Higher They Climb: 3 Non-Chip ETFs Exposed To An AI Stock Meltdown A Subtle Change Took Place For The Capex Story After A Chaotic Q1, I'm Buying XLK And XLC As The Market Exhales Iridium Communications, Telephone and Data Systems lead list of least attractively valued mid-cap communications services stocks EA, Fox lead list of least attractively valued large-cap communications services stocks

Earn 10% Today or Buy NVDA 30% Cheaper - It's a Win-Win Trefis

Some chip stocks posted blistering May gains on AI demand, but their stretched valuations leave little room for disappointment.

Key PointsAMD's data center revenue grew 57% in the first quarter of 2026.

格隆汇6月3日｜微软(MSFT.O)发布新款量子芯片，力争2029年打造出实用型量子计算机。

微软公司宣布一款更新版的量子计算芯片，押注其能在2029年前打造出一台具有商业实用价值的机器。 微软在旧金山举行的Build开发者大会上推出了这款名为Majorana 2的芯片。该芯片是上一代研究设备的续作，而上一代设备在一年前首次亮相时，曾在关系紧密的量子计算圈内引发过争议。 微软的新设备拥有12个量子比特（量子计算的基本单元），而上一代模型为8个。但微软表示，其最主要的成就是量子比特的寿命超过20秒。公司称，上一代模型所驾驭的量子比特在不到12毫秒内就会消失。此外，Majorana 2还用铅超导体取代了上一代模型中的铝连接器。 “基于这一快速进展，我们正在加速实现可扩展、实用型量子计算机的路线图，”负责量子硬件的微软技术院士兼高管切坦·纳亚克（Chetan Nayak）表示。“我们将时间表缩短了一半，现在的目标是在2029年之前实现这一目标。” 目前，多家大型科技公司正在竞相打造可运行的量子计算机，它们认为这将彻底改变金融、医学和网络安全领域。尽管近期一些公司已展示了令人瞩目的进展，但还没有一家能证明其技术具备科研以外的实际应用。微软采取了一种独特的方法，即“拓扑量子比特”，这与谷歌、IBM 和其他公司所走的路径截然不同。

US benchmark equity indexes were mostly higher intraday as investors evaluated fresh labor market da

Pla2na A screen of U.S. REITs with market capitalizations between approximately $2B and $10B highlights several mid-cap companies among the market's most expensive names based on valuation grades. Seeking Alpha's valuation grade compares how expensive or cheap a stock is relative to others in its specific sector. The score is calculated using a comprehensive combination of underlying valuation metrics—including P/E, PEG, EV/Sales, EV/EBITDA, EV/EBIT, Price/Sales, Price/Book, Price/Cash Flow, and dividend yield—factoring in both current and forward estimates. The overall valuation grade is derived from a comparison of all underlying metrics and reflects how attractively the stock is priced compared to its sector peers. Least attractive U.S. mid-cap REIT stocks by valuation grade: American Healthcare REIT ( AHR ): Valuation Grade F Curbline Properties ( CURB ): Valuation Grade F Janus Living ( JAN ): Valuation Grade F Terreno Realty ( TRNO ): Valuation Grade F First Industrial Realty Trust ( FR ): Valuation Grade D- Fermi Inc. ( FRMI ): Valuation Grade D- Vornado Realty Trust ( VNO ): Valuation Grade D- Acadia Realty Trust ( AKR ): Valuation Grade D InvenTrust Properties ( IVT ): Valuation Grade D The Macerich Company ( MAC ): Valuation Grade D More on American Healthcare REIT, Curbline Properties Corp., etc. Vornado Realty Trust: Comprehensive Analysis Of The Company And Its Financial Instruments Fermi Inc. (FRMI) Shareholder/Analyst Call Prepared Remarks Transcript American Healthcare REIT Is Capitalizing On Extremely Favorable Fundamentals Macerich sets 2028 FFO target at $1.80-$2.00 per share Janus Living announces public offering of 25M Class A-1 common stock shares

Palantir Hires Anchor & Arrow for Defense Lobbying Legis1

格隆汇6月3日｜微软(MSFT.O)首席执行官推出名为“Autopilots”的长期运行的自主代理。