MiniMax Group Inc.公告，董事会宣布已决议探究拟发行人民币股份的初步建议，可能涉及与专业顾问订立协议及与相关证券或其他监管机构进行咨询及磋商。公司已聘请专业顾问就符合在科创板上市条件提供咨询，并签订辅导协议。拟发行人民币股份事宜将取决于市场状况及必要的监管批准。 注：人民币股份指由目标认购人于中国将以人民币认购的普通股，将于科创板上市及以人民币交易。
MiniMax Group Inc.公告，董事会宣布已决议探究拟发行人民币股份的初步建议，可能涉及与专业顾问订立协议及与相关证券或其他监管机构进行咨询及磋商。公司已聘请专业顾问就符合在科创板上市条件提供咨询，并签订辅导协议。拟发行人民币股份事宜将取决于市场状况及必要的监管批准。 注：人民币股份指由目标认购人于中国将以人民币认购的普通股，将于科创板上市及以人民币交易。
格隆汇5月31日｜英伟达正准备以一颗芯片，重写PC行业的权力结构。5月30日，距台北ComputeX大会主题演讲开幕不足数日，英伟达官方社交账号发出三字预告——"A new era of PC"。帖文还附上两组指向台北表演艺术中心的地理坐标，微软Windows和Arm官方账号当日也发布同一内容。三方罕见联动，将一个酝酿已久的悬念推至台前：英伟达即将宣布进军Windows PC处理器市场。同日，据A...
格隆汇5月31日｜英伟达正准备以一颗芯片，重写PC行业的权力结构。5月30日，距台北ComputeX大会主题演讲开幕不足数日，英伟达官方社交账号发出三字预告——"A new era of PC"。帖文还附上两组指向台北表演艺术中心的地理坐标，微软Windows和Arm官方账号当日也发布同一内容。三方罕见联动，将一个酝酿已久的悬念推至台前：英伟达即将宣布进军Windows PC处理器市场。同日，据Axios援引知情人士透露，首批搭载英伟达芯片的Windows电脑，预计将同时现身ComputeX与微软Build开发者大会，微软旗下Surface品牌及戴尔均在其列。 关于英伟达基于Arm架构的处理器，传闻已久。戴尔CEO迈克尔·戴尔早在2024年的一次采访中就暗示过，未来可能会推出搭载英伟达芯片的AI PC。而英伟达进军Windows on Arm平台意味着，高通将不再拥有微软Windows 11 Arm版操作系统的独家授权。过去数十年，英伟达在PC产业链中扮演的是独立显卡供应商的角色，被整机厂商"请进来"，完成一项精密的零件装配任务，却无权主导整机设计。如今，英伟达意图将CPU、GPU与AI单元整合为单颗SoC，直接向戴尔、联想等整机厂商输出"心脏"，走的正是苹果Apple M系列的垂直整合路径，目标却是整个Windows阵营。
In recent weeks, Microsoft has expanded its AI footprint with new in-house models, deepened alliances such as the US$1.00 billion EY partnership, and seen multiple partners launch Azure- and Copilot-based solutions across governance, security, and industry workflows. Together with disclosures that its AI business is running at a US$37.00 billion annual revenue run rate, these moves underline how t...
In recent weeks, Microsoft has expanded its AI footprint with new in-house models, deepened alliances such as the US$1.00 billion EY partnership, and seen multiple partners launch Azure- and Copilot-based solutions across governance, security, and industry workflows. Together with disclosures that its AI business is running at a US$37.00 billion annual revenue run rate, these moves underline how tightly Microsoft is knitting AI into core cloud, productivity, and enterprise systems, rather...
In just a couple of weeks, SpaceX will IPO . For investors, this is a watershed event. First and foremost, its estimated market capitalization of $1.75 trillion will make SpaceX the biggest IPO in history. Such an event "feels" like it's inaugurating a new era in investing -- the era of investing in space -- and we're seeing space stocks of all sorts leaping higher as the excitement mounts. At the...
In just a couple of weeks, SpaceX will IPO . For investors, this is a watershed event. First and foremost, its estimated market capitalization of $1.75 trillion will make SpaceX the biggest IPO in history. Such an event "feels" like it's inaugurating a new era in investing -- the era of investing in space -- and we're seeing space stocks of all sorts leaping higher as the excitement mounts. At the same time, the SpaceX IPO will test valuations in the space sector, give investors clear insight into how the biggest company in space is performing, and potentially yield insight into how the rest of the sector might evolve as smaller space stocks "grow up" to SpaceX-size. Continue reading
1、 市场震荡期，分子端仍是关注点 本周 A 股高位震荡，前期涨幅相对落后的煤炭、电力及消费板块出现明显反弹。在本轮以 AI 资本开支为驱动的行情中，分子端的变化正是决定市场转换的核心因素，以更能体现本轮硬件行情的电子板块为例：尽管过去一个季度电子行业成交额集中度处于历史最高水平，而其利润占全 A 的比例同样回到历史高位，对 2026Q1 全 A 利润增长的边际贡献达到 15% ，市场过去的交易集...
1、 市场震荡期，分子端仍是关注点 本周 A 股高位震荡，前期涨幅相对落后的煤炭、电力及消费板块出现明显反弹。在本轮以 AI 资本开支为驱动的行情中，分子端的变化正是决定市场转换的核心因素，以更能体现本轮硬件行情的电子板块为例：尽管过去一个季度电子行业成交额集中度处于历史最高水平，而其利润占全 A 的比例同样回到历史高位，对 2026Q1 全 A 利润增长的边际贡献达到 15% ，市场过去的交易集中正是对于边际信息的集中反馈，因此具有合理性。展望未来，在全球金融资产扩张可能已经出现转向的背景下，市场轮动的核心在分子端不在分母端：这意味着：第一，同处科技赛道但是缺乏周期性利润增长支撑的板块，很难是切换的方向；第二，对于传统行业而言，利润改善预期仍然是低位向上的基础。本周反弹的行业看： 4 月煤炭行业利润增速与利润率均在上行，近期国内重点电厂日耗出现超季节性增长；消费行业看，房地产领域《城市更新 “ 十五五 ” 规划》也强化了传统的 “ 消费 —— 地产 ” 框架的预期抢跑。 2、 美股消费股反弹的启示 美股消费板块本周也出现更明显反弹：即使除去 AI PC 销售等因素的百思买公司外，消费股也整体见底，但是高端消费反弹明显更为凌厉。 AI 带来 K 型经济开始呈现一定消费侧影响：一方面 AI 的发展对美国劳动力市场形成压力，另一方面 AI 驱动的资本市场回报率提升有着较强的财富效应。韩国在今年股票市场出现快速上涨与重点企业薪资调整预期下，消费也开始出现了复苏，由于韩国经济体相对较小 , 因此 AI 带来的消费侧影响更为广泛：消费数据整体修复，但是高端专卖店消费修复更快。当 AI 成为宏观经济运行过程中重要的驱动因素时，其景气度的扩散在所难免。考虑到美国 AI 发展相对更早、权益资产在美国居民资产负债表中占比更高的因素，类似的传导在国内出现可能需要一定的时间，短期分子端的扩散可能更集中于传统制造行业。随着本轮中国新质生产力的提升，景气向部分消费领域扩散的可能性值得关注，这可能是年底切换时的重要关注点。 3、 若海峡重开，更快的传导路径可能在传统领域 在 AI 科技巨头资本开支增长预期仍非常乐观的背景下，如果海峡通航逐步恢复正常， HALO 交易可能会逐步回归， AI 的基础设施需求 + 全球制造业预期的修复将会交汇，这与我们上期判断一致。同时市场对美联储加息预期这一制约因...
Aryna Sabalenka's fourth-round match against Naomi Osaka on Monday will be the first women's match to take place in the French Open's night-time slot since 2023.
Aryna Sabalenka's fourth-round match against Naomi Osaka on Monday will be the first women's match to take place in the French Open's night-time slot since 2023.
yucelyilmaz/iStock via Getty Images Dell Technologies ( DELL ) reported a robust beat and raise in Q1’27 underpinned by substantial server and commercial client demand. With a growing backlog for AI-optimized servers, an accelerating traditional server refresh cycle, and double-digit growth for commercial client sales, I believe Dell is positioned to maintain its growth momentum as customers incre...
yucelyilmaz/iStock via Getty Images Dell Technologies ( DELL ) reported a robust beat and raise in Q1’27 underpinned by substantial server and commercial client demand. With a growing backlog for AI-optimized servers, an accelerating traditional server refresh cycle, and double-digit growth for commercial client sales, I believe Dell is positioned to maintain its growth momentum as customers increasingly transition to leveraging AI inferencing and agentic AI, setting the stage for durable growth in margin-accretive traditional server sales for the remainder of eFY27. Given the improving operational outlook, I am reiterating my Buy rating for DELL shares and increasing my price target to $482/share. You can review my previous coverage of Dell Technologies here . Dell Technologies Operational Update Corporate Filings Dell reported an exceptionally strong start to FY27 underpinned by stronger-than-expected demand across all segments, particularly for AI-optimized and traditional servers. Supporting future growth, Dell booked $24.4b in AI-optimized server orders for an AI backlog of $51.3b at the close of Q1’27, up from $43b in Q4’26. As for traditional servers, Dell realized significant growth in Q1’27, driven by the enterprise refresh cycle, likely the result of a mass transition towards AI inferencing and increased utilization of agentic AI. A major driving force of this refresh cycle may be growing demand for Dell PowerEdge servers that enable AI and enterprise workloads with greater power efficiency and compute density. Another driver may be Dell’s enablement of operating AI models at the edge, providing a more secure environment for enterprises leveraging internal data for inferencing. Enterprises also drove strong growth in the Client Solutions Group [CSG] segment, with commercial client compute growing by 18% in Q1’27 when compared to the previous year’s quarter. While Dell experienced customer pull-forwards across the portfolio driven by increasing memory costs...
In its infancy, high-performance processors largely made by Nvidia were the key to modern-day artificial intelligence's (AI) success. As is the case with most new technologies , however, time and proliferation have highlighted a limiting factor: a lack of capacity to manage and store all the data being used -- and created -- by AI. The solution to this problem is giving rise to the next generation...
In its infancy, high-performance processors largely made by Nvidia were the key to modern-day artificial intelligence's (AI) success. As is the case with most new technologies , however, time and proliferation have highlighted a limiting factor: a lack of capacity to manage and store all the data being used -- and created -- by AI. The solution to this problem is giving rise to the next generation of trillion-dollar technology companies, several of which are off most investors' radars. The equipment found within artificial intelligence data centers isn't really all that different than the technology you're using right now. Your computer requires a central processor (or CPU), dynamic random access memory (DRAM), and a data storage (hard drive), all of which are attached to a motherboard; in all cases, more capacity is better than less. Data centers require the same equipment. They just tether all these motherboards together into a massive network that functions as a single unit. Continue reading
Nigerian politician Peter Obi will run for president in the West African nation’s January elections, ensuring that the opposition to incumbent Bola Tinubu will once again be fragmented. Obi, second runner-up in the 2023 ballot narrowly won by Tinubu, was ratified late on Saturday as the candidate of the Nigeria Democratic Congress party. In his acceptance speech, he pledged to tackle insecurity, d...
Nigerian politician Peter Obi will run for president in the West African nation’s January elections, ensuring that the opposition to incumbent Bola Tinubu will once again be fragmented. Obi, second runner-up in the 2023 ballot narrowly won by Tinubu, was ratified late on Saturday as the candidate of the Nigeria Democratic Congress party. In his acceptance speech, he pledged to tackle insecurity, double health insurance coverage, and “invest heavily in schools, teachers, technology, and...