QUALCOMM, Inc. (QCOM) and T-Mobile Expand Strategic Collaboration to Expedite the Industry’s Evolution from 5G Advanced to 6G Insider Monkey

《信報》印刷版出報日為星期一至六。 除以下公眾假期外，其餘日子照常出刊： 休刊日：逢周日及2021年2月12至15日、 4月3至5日、12月27日 《信報》網上版及流動版於休刊日將如常更新每日即時新聞， 敬請留意。

Anna Edwards, Lizzy Burden, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)

格隆汇3月9日｜里昂发布研报称，维持对京东工业目标价21港元，重申“跑赢大市”评级。京东工业去年收入同比升17.4%至240亿元人民币，符合预期，商品交易总额(GMV)同比升16.5%至335亿元人民币，毛利率扩张1.2个百分点至17.4%，这主要受惠于上游直接采购和规模效益的提升，并以国际财务报告准则计算的净利率为4.7%。

Key Points Medicare is imposing new limits on coverage in 2026. Millions of retirees will be affected by new preauthorization requirements. Advocates are concerned that the new rules could limit access to crucial care. The $23,760 Social Security bonus most retirees completely overlook › Seniors often need much more medical care than the younger population. This, in part, is why Medicare programs exist -- to ensure that retirees have access to affordable healthcare coverage that pays for critical services. Unfortunately, some new limits are being put in place for Medicare plans in 2026. The new rules have advocates extremely concerned about how access to care for retirees will be affected. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Medicare is imposing strict new rules The rule change that has many people concerned about Medicare coverage is occurring as a result of a program called the Wasteful and Inappropriate Service Reduction (WISeR) model. Under this model, so-called "wasteful" care that Medicare pays for is being targeted. The WISeR program will be operating in six states -- New Jersey, Ohio, Oklahoma, Texas, Arizona, and Washington -- and will affect access to care for around 6.4 million Medicare enrollees within those states. Based on the rules established by the WISeR model, retirees are going to need pre-approval for care that the government has deemed wasteful. While this is common with Medicare Advantage plans, prior authorization like this has almost never been required under traditional Medicare. In fact, the lack of prior authorization is one reason people opt for traditional Medicare during their retirement planning process instead of signing up for an Advantage Plan. However, because the government has deemed that 17 common medical procedures are wasteful, access to those se...

格隆汇3月9日｜大华继显发表研报指，中兴通讯去年第四季纯利按年升6.8%至330亿元，毛利率按年跌1.3个百分点；全年纯利按年跌43%至2.96亿元，低于预期，主要是盈利能力疲软。该行将集团2026年和2027年纯利预测分别下调20.7%和21.5%，达74亿元和79亿元；将其目标价由29.4港元下调至23.2港元，维持“持有”评级。

在“龙虾”军团协助下，7×24 小时自动运转，产出了公众号 10 万+阅读、Twitter 百万+浏览、直播、短视频百万+观看……但真正让傅盛兴奋的，不是流量，而是AI Agent正在重塑整个工具产业。 一个48岁CEO，在他生日的第二天，带着他养成的“龙虾”三万，出现在了一场技术发布的全国巡演第一站。 周末下午两点，这场猎豹移动举办的“龙虾局”座无虚席。从西安、长沙、香港等多地赶来的“养虾人”们挤满了会议室。台下的人，眼神里带着相似的焦虑。 有做传统制造业的，公司接了飞书，老板也口头支持，但“具体怎么用”就卡在了他一个人身上。 有人还卡在“部署”的第一关，特别吃力。“我知道怎么养，但我不知道怎么‘生’出来。”他说。 也有人忧虑未来——一位CEO现场发问：“我就直说了，初级和中级程序员没太大价值了，那这些员工怎么办？” 还有人带来香港的消息：那边已经有人在用“龙虾”炒港股了。 养虾的起源——OpenClaw，这个2026年初迅速走红的开源AI个人智能体，被人们称为“龙虾”。它由奥地利连续创业者Peter Steinberger独立开发，能全权接管设备上的各种软件，相当于一个7×24小时在线的个人助理。但因部署门槛高、存在信息泄露等安全风险，迟迟未能大规模推广。 就在两天前，深圳腾讯大厦楼下排起长队，近千名开发者与AI爱好者带着电脑，在工程师协助下现场安装OpenClaw，“现在大家急得不得了，生怕没有养上‘龙虾’。马化腾说他也没想到，会火到这种程度。”高文院士在两会小组会议上感慨道。 借此机会，在这场北京发布会上，猎豹移动推出了基于OpenClaw二次开发的EasyClaw，能够一键安装、数据本地化运行，并加强了文件防护机制。产品形态分为个人版、企业版和国内版。 台上，傅盛滑动轮椅现身，这是他滑雪摔伤后的首次线下公开露面。在这场分享中，他判断：代码、自动驾驶领域的AGI已经实现，而“龙虾”的出现，是生产力革命又一标志。 “AGI的实现是一个一个垂类去突破的。”傅盛说，“特斯拉下线没有方向盘的车，自动驾驶的AGI基本实现；编程的AGI也差不多了。而我认为第三个正在实现的AGI，就是工具类AI，龙虾。” 他将自己14天的“养虾”经历称为“偶然中的必然”。偶然是在大年初一意外骨折，被迫一个人和AI用语音和截图对话；必然则是OpenClaw的火爆，恰恰验证了他一年前的判断—...

投资者眼中推动新兴市场资产上涨的主要因素——寻求分散投资、摆脱对美元资产的依赖、估值吸引力以及稳健的经济增长等，仍然存在。 中东局势升级且持续时间难以预计，正重创华尔街今年最热门的投资领域之一——新兴市场资产。不过，许多市场人士认为，一旦地缘政治冲击消退，这些因素将再次推高新兴市场资产。 景顺首席全球市场策略师勒维特（Brian Levitt）对第一财经记者表示，市场始终受到短期叙事与能驱动长期结果的基本面之间相互作用的影响。而当前，市场既存在对叙事的过度反应，也在某些领域显示出叙事与结构性支撑明显一致的情况。目前来看，中东冲突的后续发展仍不明朗，但历史经验表明，此类地缘政治冲击往往会在初期对包括股票在内的风险资产造成压力。但从中期来看，保持投资态势可能是较好选择，因为市场通常会在地缘政治风险触顶后反弹。 “新兴市场股票在中东冲突前持续跑赢，其中韩国表现突出。韩国KOSPI综合股指在2025年上涨逾75%，今年前两个月又进一步上涨近50%。韩国目前已成为全球第九大股票市场。”他称，“尽管冲击性事件下波动性较高，但新兴市场长期以来一直具备着具有吸引力的增长前景。如今，多项关键的结构性因素，例如美元趋势性走弱以及企业治理水平改善，还能为新兴市场提供了额外支撑。” 六年来最大周跌幅 新兴市场股票和货币均大幅下跌，MSCI新兴市场股票指数上周创下六年来最大单周跌幅，债券收益率也大幅飙升。 即便如此，包括品浩（PIMCO）、霸菱（Barings LLC）和普信集团（T.Rowe Price Group）在内的多家机构的基金经理仍然认为，新兴市场的长期投资前景依然稳固。 他们的信心源于投资者眼中推动新兴市场资产上涨的主要因素——寻求分散投资、摆脱对美元资产的依赖、估值吸引力以及稳健的经济增长等，仍然存在。资金流向也表明，投资者正在利用价格下跌的机会增持证券。据美国银行援引EPFR Global的数据，截至上周三的过去一周内，投资者增持了126亿美元规模的新兴市场股票和债券。 摩根大通资管的新兴市场主权信贷策略主管艾辛格（Nick Eisinger）称：“我们正在等待形势变得更明朗。我们看好许多新兴市场的基本面，但不幸的是，目前基本面因素并不重要，所以我们需要等待市场情绪整体回暖。” 尽管如此，他也坦言，目前风险仍在不断增加。国际原油周一亚太早盘一度逼近120美元/桶。投资者担心...

财联社3月9日讯，市场全天探底回升，三大指数跌幅明显收窄，创业板指、深成指盘中一度跌超3%。沪深两市成交额2.65万亿，较上一个交易日放量4474亿。全市场超3900只个股下跌。从板块来看，算力租赁概念快速拉升，鸿博股份、拓维信息、宏景科技等多股涨停。电力板块表现活跃，韶能股份2连板，银星能源、协鑫能科涨停。电网设备概念逆势走强，国电南自、三变科技涨停，双双创历史新高。下跌方面，港口航运概念集体下挫，中远海能大跌。油气概念高开低走，水发燃气盘中逼近跌停，准油股份、洲际油气炸板回落。截至收盘，沪指跌0.67%，深成指跌0.74%，创业板指跌0.64%。 板块方面 板块上，OpenClaw概念全线爆发，青云科技、顺网科、优刻得、宏景科技、鸿博股份、拓维信息、宁波建工等涨停，汉得信息、首都在线、南网数字等涨超10%。 近日，开源AI智能体OpenClaw持续火爆，推动AI应用从“对话助手”向“任务执行型智能体”演进。该系统通过拆解任务、调用云端大模型API完成任务，一次任务可消耗数十万乃至数百万Token，算力需求呈指数级增长。腾讯云、阿里云、华为云等国内主流云厂商已全面支持OpenClaw一键部署服务，有望拉动云调用量激增，为大模型商业化打开新空间。 从市场角度看，OpenClaw概念在早盘市场整体调整阶段始终保持相对逆势，午后又与指数反弹形成共振走强，充分体现出资金对这一题材的高度认可。与此同时，算力租赁、云服务板块多数个股此前已完成短线整理，筹码结构沉淀充分，也为该题材的进一步发酵奠定了良好基础。 电力板块同样走强，金开新能、南网能源、立新能源、协鑫能科、韶能股份等涨停，云南能投、闽东电力、涪陵电力等个股涨幅居前。 消息面上，今年政府工作报告首次将“算电协同”明确为新基建工程，提出实施超大规模智算集群建设。从全球大周期看，欧美电网老化叠加AI数据中心用电需求爆发，全球电网投资加速展开，2025年全球电网投资同比增长17%，连续两年保持两位数增速。 从市场角度而言，电力、电网依旧是目前盘面中延续性最好的方向，在资金深度介入的情况下，本轮行情并不会轻易结束，但需注意的是，在连续演绎后，相关核心标的位阶已然不低，后续可留意板块内部高低切换机会。 个股方面 个股层面，尽管全市场超3900只个股收跌，但整体亏钱效应相对温和，个股下跌中位数仅0.75%。盘面热点方面，近期核心题...

紫光国微（002049）公告，从2026年2月24日开始计算，截至2026年3月9日，公司股票已有10个交易日的收盘价格低于“国微转债”当期转股价格的85%。若后续公司股票收盘价格继续低于其当期转股价格的85%，预计将触发“国微转债”转股价格向下修正条件。

In this article USO Follow your favorite stocks CREATE FREE ACCOUNT A support vessel maneuvers near the crude oil tanker 'Devon' as it sails through the Persian Gulf towards Kharq Island oil terminal to transport crude oil to export markets in Bandar Abbas, Iran, on Mar. 23, 2018. Ali Mohammadi | Bloomberg | Getty Images Iran's Kharg Island, a small but strategically vital strip of land nestled in the waters of the northern Persian Gulf, has been left untouched by U.S. and Israeli forces even as the Middle East conflict enters its second week. The coral island, which is located about 15 miles off the coast of mainland Iran, serves as the centerpiece for Iran's oil industry. It is estimated that around 90% of the country's crude exports pass through it before tankers then travel through the Strait of Hormuz . The island is also said to have a loading capacity of roughly 7 million barrels per day. Kharg Island's economic importance to Iran makes it particularly vulnerable to the threat of military action, although analysts say that any attempt to seize it would likely require a ground troop operation, which the U.S. appears reluctant to undertake. An attack would also likely prompt further energy market volatility at a time when oil prices have soared to more than $100 a barrel . Seizing the island "would cut off Iran's oil lifeline," which is essential for the regime, according to Petras Katinas, a research fellow in climate, energy and defense at RUSI, a London-based defense think tank. "Of course, with shipping via the Strait of Hormuz now stopped, they cannot sell oil anyway, but looking ahead, seizure would give the US leverage during negotiations, no matter which regime is in power after the military operation ends," Katinas told CNBC by email. "Yet, seizure, would require a ground troop operation, which this administration seems hesitant to undertake. At least for now," he added. Crude futures climbed to their highest level since mid-2022 on Monday after the U....

格隆汇3月9日｜伊拉克国家石油营销组织SOMO：伊拉克将4月份巴士拉中质原油对亚洲的官方售价定为较阿曼/迪拜均价每桶升水30美元。

A Hong Kong lawmaker has been fined HK$2,000 (US$256) for driving on the wrong side of a road in Wan Chai earlier this year. Eastern Court on Monday also suspended Judy Chan Kapui, 45, from driving for one month after she pleaded guilty to a count of careless driving. “I deeply regret that my careless driving affected other road users,” Chan told presiding magistrate David Ko Wai-hung, adding that she had stopped driving and would accept any legal consequences. Advertisement Ko noted the defendant was issued a fixed penalty for minor traffic offences on eight previous occasions – a record that “wasn’t too bad” given her 22 years of driving experience since obtaining her licence in 2004. But Ko warned the current offence remained a serious one. Advertisement “You drove in the wrong direction, which was something you did after careful consideration,” the magistrate said. “I don’t care if you were in a hurry or what, but it was not done out of a whim.”

大埔宏福苑上周懷疑有工人工作時在單位內盜竊。警方即日起加強保安措施，包括增設金屬探測器等。有工人表示理解。 ➤ 宏福苑盜竊案｜警方加強出入口安保 災民冀返單位執拾後再做加固工程 全國政協副主席梁振英表示，特區政府對接國家「十五五」規劃綱要制定五年計劃，要結合香港獨有優勢精準對接，可發揮「超級聯繫人」中「最後一公里」的優勢。 ➤ 梁振英︰港府對接「十五五」規劃制定五年計劃 要結合本港獨有優勢精準對接 一家舉辦「平安卡」課程的機構，向學員披露答案，被勞工處暫停認可資格六個月。 ➤ 有辦「平安卡」課程機構向學員披露答案 勞工處暫停認可資格六個月 全港的士下月一日起，必須提供至少兩種電子支付方式。的士業議會早上在金鐘舉行啟動禮，指近期多了不少的士司機，申請協助安裝電子支付工具。 ➤ 的士下月起須提供至少兩種電子支付方式 有司機指可增加生意 記協主席鄭嘉如去年被《華爾街日報》解僱，她向勞工處入稟申索，僱主提出中止聆訊申請，今日頒布裁決。 ➤ 鄭嘉如被解僱向勞工處入稟申索 《華爾街日報》提中止聆訊申請今日裁決 (旁述由AI人工智能生成)

由于市场担忧美国与以色列针对伊朗的冲突升级将挤压能源供应、拖累全球各行各业，油价大幅飙升，股市同步下挫。 以下是各国政府为减轻冲突对本国经济影响，正在采取或计划采取的措施： 韩国计划实施燃油价格上限 韩国总统李在明周一表示，当局将实施近 30 年来首次国内燃油价格上限管制。他还称，韩国将寻找绕过霍尔木兹海峡的能源供应渠道，如有必要，还将扩大规模为 100 万亿韩元（约 670 亿美元）的市场稳定计划。 日本指示国家石油储备基地准备释放原油 日本在野党中间改革联盟议员长妻昭周日对路透社表示，日本政府已指示一处国家石油储备基地，为可能释放原油储备做好准备。 长妻昭称，释放时间等具体细节尚不明确。 越南将取消燃油进口关祱 越南政府表示，计划取消燃油进口关祱以保障供应，该措施预计持续至 4 月底。 印尼将增加燃油补贴 印尼财政部长周一宣布，将在国家预算中增加燃油补贴拨款。 该国目前已在预算中安排 381.3 万亿印尼盾（约 225 亿美元），用于能源补贴，以及补偿国有石油公司 Pertamina 和电力公司 PLN 为维持部分燃油与电价在可负担水平所付出的成本。 中国要求炼油企业暂停燃油出口 据知情人士上周透露，中国已要求炼油企业暂停签订新的燃油出口合同，并尽量取消已敲定的船货。 知情人士称，该指引不适用于国际航班航油加注、保税船用燃油，以及对中国香港、澳门地区的供应。 孟加拉国关闭所有大学 孟加拉国将从周一起关闭所有大学，提前开始开斋节假期，作为节约电力与燃油的紧急措施之一。 责任编辑：郭明煜

格隆汇3月9日｜欧洲天然气期货价格涨幅收窄至15%，此前一度跃升30%。

聯想百應與美團(03690.HK)推出OpenClaw遠程部署服務 AASTOCKS.com

聯想百應與美團(03690.HK)推出OpenClaw遠程部署服務 AASTOCKS.com

格隆汇3月9日｜和铂医药(2142.HK)今日与科伦博泰宣布，双方合作研发的靶向胸腺基质淋巴细胞生成素(TSLP)及一个未公开靶点的长效双特异性抗体HBM7575/SKB575的新药临床试验(IND)申请已获中国国家药品监督管理局(NMPA)批准，用于治疗特应性皮炎。 特应性皮炎是一种慢性炎症性皮肤病，全球范围内该病影响约20%的儿童及高达10%的成人。虽不具传染性，但其周期性发作与缓解的疾病特征严重影响了患者的生活质量。当前的治疗方案虽能为许多患者缓解症状，但往往难以实现长期持续的疾病控制，尤其在中重度患者中更为明显。因此，行业迫切需要探索更安全、更有效、更持久且能从疾病根本机制入手并改善患者长期预后的治疗方案。 和铂医药创始人、董事长兼首席执行官王劲松博士表示：“HBM7575/SKB575获国家药监局临床试验许可，标志着我们在应对特应性皮炎等自身免疫疾病的重大临床需求上，迈出了重要一步。通过靶向2型炎症反应的关键上游驱动因子TSLP及未公开靶点，HBM7575/SKB575有望成为该疾病领域同类最佳(best-in-class)的双特异性抗体。我们期待推进这一在研疗法的临床开发，并相信其长效特性可为全球患者提供差异化的治疗选择。”

Source: Bloomberg, 0:00

作为OpenAI的联合创始人，马斯克指控该公司背离了其作为研究实验室的创始使命，转向营利性运营结构

Source: Bloomberg, 0:00

格隆汇3月9日｜市场基础的欧元区通胀预期升至2.25%，为2024年7月以来最高。

格隆汇3月9日｜港股市场煤炭股收盘逆势上涨，其中，恒鼎实业涨24%，兖煤澳大利亚涨超8%，南戈壁涨超6%，兖矿能源、中国神华涨超3%，易大宗涨超2%。消息面上，中东持续的军事打击促使全球各国重新考虑减少对该地区石油和天然气的依赖，煤炭价格跃升至2024年11月以来的最高水平。亚洲基准纽卡斯尔煤炭期货周一一度大涨9.3%，至每吨150美元。与此同时，原油价格也飙升至接近每桶120美元。

QUALCOMM, Inc. (NASDAQ:QCOM) is one of the best undervalued stocks to invest in right now. QUALCOMM, Inc. (QCOM) and T-Mobile Expand Strategic Collaboration to Expedite the Industry’s Evolution from 5G Advanced to 6G QUALCOMM Incorporated (NASDAQ:QCOM) and T-Mobile announced on March 2 an expanded strategic collaboration to accelerate the wireless industry’s transition from 5G Advanced to 6G. With commercial deployments targeted beginning in 2029, the collaboration aligns with QUALCOMM Incorporated’s (NASDAQ:QCOM) broader 6G industry initiative, unveiled at MWC Barcelona 2026, to accelerate global readiness for the next generation of wireless innovation. Management stated that the collaboration builds on a long history of joint innovation, with the two companies working together to shape the foundational technologies that will power 6G. T-Mobile is helping spearhead the industry’s path to 6G by ecosystem alignment, driving early research, and real-world validation of emerging capabilities. The same day, QUALCOMM Incorporated (NASDAQ:QCOM) and Siemens AG reported the showcasing of technology implementation at MWC Barcelona, aimed at accelerating autonomous factory production. The company reported that Qualcomm Technologies will be demonstrating on‑premise intelligence with AI integrated into a Siemens autonomous factory model. The two companies together exhibit the integration of private Industrial 5G connectivity with edge AI-based use-cases for more dynamic, efficient, and intelligent autonomous production. QUALCOMM Incorporated (NASDAQ:QCOM) develops and commercializes foundational technologies for the wireless industry, including 3G, 4G, and 5G wireless connectivity and high-performance and low-power computing, including on-device AI. The company operates across various high-growth markets, including autonomous vehicles and smartphones. QUALCOMM’s Snapdragon augmented reality technology is the next generation of mobile computing. While we acknowledge the potentia...

QUALCOMM, Inc. (NASDAQ:QCOM) is one of the best undervalued stocks to invest in right now. QUALCOMM, Inc. (QCOM) and T-Mobile Expand Strategic Collaboration to Expedite the Industry’s Evolution from 5G Advanced to 6G QUALCOMM Incorporated (NASDAQ:QCOM) and T-Mobile announced on March 2 an expanded strategic collaboration to accelerate the wireless industry’s transition from 5G Advanced to 6G. With commercial deployments targeted beginning in 2029, the collaboration aligns with QUALCOMM Incorporated’s (NASDAQ:QCOM) broader 6G industry initiative, unveiled at MWC Barcelona 2026, to accelerate global readiness for the next generation of wireless innovation. Management stated that the collaboration builds on a long history of joint innovation, with the two companies working together to shape the foundational technologies that will power 6G. T-Mobile is helping spearhead the industry’s path to 6G by ecosystem alignment, driving early research, and real-world validation of emerging capabilities. The same day, QUALCOMM Incorporated (NASDAQ:QCOM) and Siemens AG reported the showcasing of technology implementation at MWC Barcelona, aimed at accelerating autonomous factory production. The company reported that Qualcomm Technologies will be demonstrating on‑premise intelligence with AI integrated into a Siemens autonomous factory model. The two companies together exhibit the integration of private Industrial 5G connectivity with edge AI-based use-cases for more dynamic, efficient, and intelligent autonomous production. QUALCOMM Incorporated (NASDAQ:QCOM) develops and commercializes foundational technologies for the wireless industry, including 3G, 4G, and 5G wireless connectivity and high-performance and low-power computing, including on-device AI. The company operates across various high-growth markets, including autonomous vehicles and smartphones. QUALCOMM’s Snapdragon augmented reality technology is the next generation of mobile computing. While we acknowledge the potentia...