New Zealand intends to spend about NZ$1.6 billion (US$936 million) on drones, ship maintenance and naval upgrades to bolster the island nation’s maritime security at a time of increasing concern about supply routes. Defence Minister Chris Penk said on Saturday that the government would invest in two types of drones: one for the southwest Pacific to provide long-duration intelligence, surveillance and reconnaissance, and the other a polar-capable vehicle that could operate from naval vessels in the Southern Ocean. “New Zealand’s prosperity and security depend on the sea,” Penk said in a statement. Recent events have served as a reminder of how quickly disruptions to international shipping routes can affect economies and supply chains Defence Minister Chris Penk “Recent events have served as a reminder of how quickly disruptions to international shipping routes can affect economies and supply chains across the globe. The oceans are not a barrier to danger, but a vital national interest that must be actively secured.” Advertisement New Zealand will hand down its annual budget next week. The government plans to lift defence spending to about two per cent of gross domestic product from around one per cent at present in response to rising geopolitical tensions. Advertisement Penk, who served in both the New Zealand and Australian navies, said earlier this month that the government was open to expanding its frigate fleet from the current two vessels.

Hong Kong’s first astronaut will operate a locally developed observatory that monitors key sources of greenhouse gas emissions on Earth during her time aboard the Tiangong space station, the research team behind the project has said. The imaging equipment could pinpoint the location and intensity of emissions, providing data that could be used to reduce carbon sources in the Greater Bay Area and elsewhere in mainland China, Professor Li Jia of Lingnan University said on Saturday. Payload specialist Lai Ka-ying is part of the three-member Shenzhou-23 team that will blast off from the Jiuquan Satellite Launch Centre on Sunday and dock with the space station. Advertisement Lai, a computer data specialist, would operate the Multi-Spectral Imaging Carbon Observatory during her month-long stay, Li said. “She has learned how to operate these experimental instruments, and I am very confident in her,” she said. “She sent me a message [on Friday] saying she would take good care of our payload.” Advertisement The payload, which arrived at the space station earlier this month, is being hailed as the world’s first light, high-resolution, high-precision space-based observatory that measures carbon dioxide and methane emitted from Earth.

Maskot/DigitalVision via Getty Images The stock market in 2026 has been dominated by lopsided gains in the semiconductor industry. Investors have chased tremendous capex spending in AI-linked hardware stocks, but valuations are beginning to look precarious, making it more important than ever for us to emphasize valuations in rebalancing our portfolios for the rest of the year. At the moment, I heavily favor the small and mid-cap software stocks that have borne the brunt of this year’s losses. Of course we have to be careful in this space as AI does represent intensifying competition that may erode some of these businesses’ moats over the next few years. That said, companies like Workiva ( WK ) have staying power. The software company, which helps large enterprises with financial and compliance reporting, has seen its share price crash more than 40% since the start of the year. At the same time, the company continues to exhibit steady growth rates. Data by YCharts I last wrote a buy article on Workiva in March , when the stock was trading at $65 per share. While I admit that the timing of my buy call was poor, Workiva continues to be even more appealing in its relentless crash. Strong backlog growth and healthy top line trends directly defy the notion that AI is an existential threat for the company. I reiterate my buy rating here. As is the case for evaluating any software company in the turbulent year 2026, we have to begin our discussion with the SaaSpocalypse itself. Broadly speaking, I view the idea that agentic AI can outright replace all existing software systems is an incredibly oversimplified view of corporate IT structures. I’ve used both ChatGPT, and more recently experimented with Claude Cowork. I’ve been incredibly impressed at the intelligence of these agents, especially the latter’s ability to crunch through huge mounds of data and take immediate, contextual actions. But that said, agents don’t replace the systems and rules that software companies like...

格隆汇5月23日｜乌克兰总参谋部：乌克兰袭击了俄罗斯的谢什卡里斯黑海石油终端和附近的格鲁什诺瓦石油仓库。

Micron Technology, Inc. announced May 22 that it had started manufacturing 1-alpha DRAM computer memory at its Manassas, Virginia, factory. According to the microelectronics company, the new form of computer memory will also constitute a secure domestic supply for long-lifecycle RAM for U.S.-made computers. In a company statement, Micron leadership marked the start of production as a milestone in the company’s plan to invest $200 billion on domestic memory manufacturing and R&D. The company is currently building a new memory factory in New York and a second fabrication site in Idaho. "Today's achievement is an important step in Micron's $200 billion investment plan to expand memory manufacturing and R&D in the U.S.," said Sanjay Mehrotra, Chairman, President and CEO of Micron Technology. "It reflects Micron’s enduring commitment to the customers and industries that depend on long-lifecycle memory for critical applications. We are proud to bring advanced 1α DRAM manufacturing to American soil, strengthening domestic supply for U.S. customers and the global markets we serve. We are grateful to President Trump, U.S. Secretary Lutnick, Ambassador Greer, Governor Spanberger, U.S. Senators Warner and Kaine, Virginia Speaker of the House of Delegates Scott, the Commonwealth of Virginia, General Assembly, Mayor Davis and the City of Manassas, our customers, suppliers, local partners, and communities whose continued support has made this milestone possible." "Micron’s expansion in Manassas is a major step forward for Virginia’s advanced manufacturing sector and for strengthening America’s semiconductor supply chain,” said Virginia Gov. Abigail Spanberger. “Reliable access to domestically produced memory is critical for a range of industries. This investment supports good-paying jobs across the Commonwealth and reinforces Virginia’s leadership in attracting the technologies and industries that drive our economy and national security.” “We are finally building memory semicondu...

5月23日，长桥证券就近期中国跨境证券业务监管事项作进一步说明。长桥证券表示，香港证监会与中国证监会等内地监管部门近期相继发布了关于跨境证券业务的最新监管要求，对面向内地投资者的相关服务作出了行业层面的统一规范。本次监管规则面向所有境外金融机构。长桥积极响应两地监管指引，将严格按照相关要求稳步推进合规工作。 长桥证券表示，本次监管要求清理的账户范围有限且明确，主要针对两类账户，一是使用可疑或伪造文件开立的投资账户；二是零结余不动投资账户。对于正常合规开立、有真实资产与持仓的客户账户，不在本次清理范围内。长桥坚决支持监管对虚假开户行为零容忍的态度，将严格按照监管要求处理。（证券时报·e公司）

Swiss police are investigating an alleged robbery amid reports that the four-times Formula 1 world champion Alain Prost was injured during a home invasion. The Swiss tabloid Blick reported late on Friday that the 71-year-old Frenchman sustained a head injury from intruders who forced his son to open a safe during the incident on Tuesday morning. “The perpetrators entered the residence while the occupants were present, threatened them, and forced one family member to open a safe before fleeing with the stolen goods,” the public prosecutor’s office said in a statement. “Despite the extensive search operation launched, the perpetrators have not yet been apprehended at this stage.” The police, who did not name the victim, said “several” balaclava-wearing intruders “broke into the house. Once inside, they threatened the occupants and inflicted minor head injuries upon one family member, under circumstances that remain to be established. View image in fullscreen Alain Prost’s McLaren leads teammate Ayrton Senna at Suzuka in 1989 during the Frenchman’s heyday as one of Formula One’s greatest drivers. Photograph: Tsugufumi Matsumoto/AP The perpetrators then forced another family member to open a safe before making their escape with stolen items, a precise inventory of which is currently being compiled.” Blick reported that Prost, who won four world championships between 1985-1993, was “visibly shaken by this brutal intrusion” and that he has left the home in Nyon beside Lake Geneva in the Swiss canton of Vaud.

There has been a lot of chatter in the market that investors need to be careful of memory stocks following their strong performance, despite the stocks in the sector still trading at cheap valuations. The reason for this is that historically, both the DRAM and NAND (flash) markets have been highly cyclical with very large boom and bust cycles. However, it is certainly noteworthy that renowned billionaire investor David Tepper of Appaloosa Management increased his exposure to the sector in Q1, buying shares of both Sandisk (SNDK 3.79%) and Micron Technology (MU 1.23%). Micron is Tepper's second-largest position behind Amazon, and in Q1, he increased his shares by 11%. Meanwhile, Sandisk was a new position, representing around 3% of his portfolio. In fact, it was his only new position in the quarter. Let's look at why Tepper may be attracted to memory stocks even after their strong runs. Sandisk: A NAND pure play Sandisk is the market's only pure-play NAND (flash) memory maker after being spun out of Western Digital last year. The company has benefited from surging demand related to artificial intelligence (AI) and flash memory supply constraints, which have pushed up NAND pricing. NAND is a non-volatile type of memory, which means it retains its data even when the power is turned off. It's slower than volatile DRAM, which loses its data when it is not connected to a power source. As such, NAND is used for longer-term data storage, while DRAM is used for short-term, temporary storage. The NAND market saw a huge surge during the pandemic, as people largely confined to their homes drove a big uptick in electronics sales. However, this led to a pull forward in demand, and once the pandemic was over, the flash memory market crashed to the point where companies had negative gross margins. This caused the big memory makers to cut NAND production and turn more of their resources to the DRAM market. Expand NASDAQ : SNDK Sandisk Today's Change ( -3.79 %) $ -58.49 Current Price...

Morocco Launches Mass Deportations To Block Europe Migration Route: EU's 'Externalization Strategy' Via Middle East Eye Since April 14, Morocco has been conducting large-scale deportation operations targeting sub-Saharan Africans migrating to Europe , reportedly arresting over 100 per day, local sources told Middle East Eye. According to Moroccan human rights groups, around 800 people were detained during coordinated raids in the forests between Fnideq and Belyounech, in the northern tip of the North African state, where many were sheltering before attempting to reach Europe. Tramway rail construction site in Morocco's city of Casablanca, via AFP The operation is still ongoing, with authorities then moving their focus to operations in and around Tangier. Witnesses have described mass arrests, beatings, racist abuse and forced transfers toward the Algerian border. Sudanese and Chadian detainees were bused south and abandoned near border zones, while people from countries including Senegal, Mali, Mauritania, Burkina Faso and Guinea were deported on flights departing Casablanca. The crackdown comes as the European Union has intensified its cooperation with Morocco as part of its border externalization strategy , which is a key component of the bloc’s new Pact on Migration and Asylum set to take effect in June. The EU increasingly outsources immigration enforcement to North African nations with poor human rights records, designating over €900 million within the bloc's Global Europe development instrument to fund stricter migration control , border management and surveillance initiatives across the region. "The EU wants to restrict people’s mobility as far down the route as possible - what officials describe as stopping migration downstream ," Frey Lindsay, a journalist on Statewatch's Outsourcing Borders project, which tracks how the EU outsources migration control, told Middle East Eye. "It's about exerting border control without getting your hands dirty, basically." R...

Key Points Consumer staples companies tend to generate resilient cash flows because their products and services remain in demand across all economic environments. The strength of Dividend Kings and long-term growers comes from structural advantages. Dividend investing works best when you prioritize long-term dividend growth, rather than chasing the highest current yield. 10 stocks we like better than Procter & Gamble › If you are looking for reliable dividend growth in consumer staples, your search should rarely be about headline yield. Your search should focus on the kind of steady, compounding cash flow that can endure across entire economic cycles. Five names stand out right now, and they cover the full range of how a consumer goods dividend can compound over decades. 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 » 1. Coca-Cola The Coca-Cola Company (NYSE: KO) approved its 64th consecutive annual dividend increase in February, lifting the annual payout to $2.12 per share from $2.04. The reason this dividend has held up for more than six decades is structural. Coca-Cola sells syrup concentrate to a global network of independent bottlers, which produces high gross margins, low capital intensity, and pricing power even when consumer demand softens. The 2025 to 2026 stretch has also been one of the better periods for revenue per case, as international pricing has held up, and the company has continued to invest in away-from-home channels. The honest risk with Coca-Cola is that its volume growth in developed markets is modest, and weight-loss drugs are starting to influence beverage consumption at the margin. Neither factor has really shown up in the numbers, but both deserve to be monitored. 2. Procter & Gamble Procter & Gamble (NYSE: PG) declared its 69th consecutive annual dividend increase in Ap...

U.S. passengers flying from Ebola-affected countries rerouted toggle caption Michal Ruprecht for NPR Early Thursday morning, Michal Ruprecht went to Uganda's Entebbe International Airport at 2AM to catch a flight. At the airline counter, he told the agent that he was headed to Michigan. "He did this sort of double look and asked me, was I sure I was going to Michigan?" he recalls. Ruprecht, a medical student and freelance reporter, was returning home after a month-long reporting trip to Uganda, where he was working on stories for NPR. The man at the counter showed Ruprecht a memo from U.S. Customs and Border Protection. "He tells me that I have to arrive at Washington Dulles International Airport (IAD)," Ruprecht says, "The first thing that was going through my head was denial. I wasn't sure if this was real." Sponsor Message Ruprecht was one of the first passengers to fly under a policy announced just hours before: all Americans who have passed through Uganda, South Sudan or the Democratic Republic of Congo (DRC) in the past 21 days must fly into IAD, an airport in a Virginia suburb of Washington, DC. Two additional U.S. airport options were added Friday evening: the Hartsfield-Jackson Atlanta International Airport and the George Bush Intercontinental Airport in Houston. The African countries, the DRC and Uganda, have been hit by a growing Ebola outbreak, which the World Health Organization declared a public health emergency of international concern on May 17. Already, there are 800 suspected cases and more than 180 suspected deaths, according to the WHO. A major component of the U.S. response has been travel restrictions, on those who have recently come through affected countries: routing U.S. citizens to specified entry points, reserving the right to deny entry to permanent residents and barring most others . At the Ugandan airport, Ruprecht frantically rebooked his flights. When he arrived at Dulles airport after 20 hours of travel, he was flagged for extra scre...

中共中央政治局委员、国务院副总理何立峰23日在苏州出席亚太经合组织（APEC）贸易部长会议并致辞。何立峰指出，当前百年变局正在加速演进，亚太经合组织各成员方唯有坚持互尊互信、合作共赢的理念，才能促进共同繁荣，实现开放、优质、均衡、安全的发展。中国愿同各方一道，加强新兴领域沟通对话，共同支持世界贸易组织改革，务实灵活推进区域经济一体化进程，以中国式现代化新成就为亚太和全球经济发展注入更多正能量。出席会议期间，何立峰先后与世界贸易组织总干事伊维拉、泰国副总理兼商业部长素帕姬会谈，就世贸组织和中泰经贸合作相关问题交换意见。 (新华社)

希特勒非常高的多基因风险评分所反映的基因倾向，表明他在遗传自闭症、精神分裂症和双相障碍的遗传易感性中位于前1% 当地时间1940年7月6日，德国柏林，冲锋队员手挽手阻挡人群，希特勒在征服巴黎后返回。图：视觉中国 2025年11月中下旬，英国公共电视台第四频道连续两周播放纪录片《希特勒的DNA》（Hitler’s DNA：Blueprint of a Dictator）。这部长达92分钟的影片由英国布林克影业制作，讲述了英国分子生物学家图丽·金（Turi King）及其团队历时四年开展的一项惊人项目——获取希特勒的DNA，并从中解读隐秘信息。金教授现在是英国巴斯大学米尔纳演化中心主任。2012年莱斯特城发掘和重新安葬15世纪英格兰约克王朝末代国王理查三世遗骨时，还在莱斯特大学任教的她，因用DNA确认理查三世的身份，而为公众所知。2021年，她获知一片残留希特勒血迹的布片犹存于世，于是着手组建团队开始这一项目。

根据习近平总书记重要指示和李强总理要求，中共中央政治局委员、国务院副总理张国清代表党中央、国务院，于23日率有关部门负责同志赶赴山西长治市沁源县煤矿瓦斯爆炸事故现场指导应急处置工作。 张国清抵达后立即前往煤矿事故现场、沁源县人民医院、长治市人民医院，向救援人员、基层干部传达习近平总书记重要指示批示精神，向受伤人员转达习近平总书记关心牵挂，随后在现场指挥部召开会议，研究部署救援救治、安抚善后、事故调查等工作。他表示，习近平总书记反复强调要把人民群众生命财产安全放在第一位，事故发生后作出重要指示，要求全力救治伤员，科学组织搜救，妥善做好善后处置工作，查明事故原因，依法严肃追责，深刻汲取事故教训，深入排查整治各类风险隐患。李强总理作出批示，要求全力搜救被困人员、救治伤员，做好善后工作，尽快查明事故原因并依法依规严肃问责。山西省和各地各有关方面要坚决贯彻落实习近平总书记重要指示批示精神和李强总理要求，时刻绷紧安全生产这根弦，落细落实安全生产责任措施，坚决防范遏制重特大事故发生。 张国清强调，要调集专业力量全力科学搜救，避免次生伤亡。要核清失联人数，确保不落一人。要组织高水平医疗专家精心救治伤员，减少因伤致残。要扎实细致做好安抚善后工作，及时准确发布信息，回应社会关切。国务院事故调查组要较真碰硬开展事故调查，查清查透事故原因，查清查透属地管理、行业监管和企业责任，依法依规严厉惩处。各地区各有关方面要全面检视矿山安全“八条硬措施”落实情况，重拳出击“打非治违”，严查严惩煤矿隐蔽工作面作业、安全监控造假、下井作业人数不清、违规分包转包等问题，确保硬措施得到硬落实。国务院安委办及各地要立即对煤矿、危化品等重点行业领域安全隐患排查整治再作部署，强化安全生产责任落实，切实提升隐患排查整治质效，严格监管执法，加强行刑衔接，坚决有力惩处安全生产违法违规行为，着力提高本质安全水平。(新华社)

There has been a lot of chatter in the market that investors need to be careful of memory stocks following their strong performance, despite the stocks in the sector still trading at cheap valuations. The reason for this is that historically, both the DRAM and NAND (flash) markets have been highly cyclical with very large boom and bust cycles. However, it is certainly noteworthy that renowned billionaire investor David Tepper of Appaloosa Management increased his exposure to the sector in Q1, buying shares of both Sandisk (SNDK 3.79%) and Micron Technology (MU 1.23%). Micron is Tepper's second-largest position behind Amazon, and in Q1, he increased his shares by 11%. Meanwhile, Sandisk was a new position, representing around 3% of his portfolio. In fact, it was his only new position in the quarter. Let's look at why Tepper may be attracted to memory stocks even after their strong runs. Sandisk: A NAND pure play Sandisk is the market's only pure-play NAND (flash) memory maker after being spun out of Western Digital last year. The company has benefited from surging demand related to artificial intelligence (AI) and flash memory supply constraints, which have pushed up NAND pricing. NAND is a non-volatile type of memory, which means it retains its data even when the power is turned off. It's slower than volatile DRAM, which loses its data when it is not connected to a power source. As such, NAND is used for longer-term data storage, while DRAM is used for short-term, temporary storage. The NAND market saw a huge surge during the pandemic, as people largely confined to their homes drove a big uptick in electronics sales. However, this led to a pull forward in demand, and once the pandemic was over, the flash memory market crashed to the point where companies had negative gross margins. This caused the big memory makers to cut NAND production and turn more of their resources to the DRAM market. Expand NASDAQ : SNDK Sandisk Today's Change ( -3.79 %) $ -58.49 Current Price...

Key Points Both Sandisk and Micron Technology are enjoying surging prices for their memory products. Both companies have also begun to sign longer-term deals for the first time in their histories. 10 stocks we like better than Sandisk › There has been a lot of chatter in the market that investors need to be careful of memory stocks following their strong performance, despite the stocks in the sector still trading at cheap valuations. The reason for this is that historically, both the DRAM and NAND (flash) markets have been highly cyclical with very large boom and bust cycles. However, it is certainly noteworthy that renowned billionaire investor David Tepper of Appaloosa Management increased his exposure to the sector in Q1, buying shares of both Sandisk (NASDAQ: SNDK) and Micron Technology (NASDAQ: MU). Micron is Tepper's second-largest position behind Amazon, and in Q1, he increased his shares by 11%. Meanwhile, Sandisk was a new position, representing around 3% of his portfolio. In fact, it was his only new position in the quarter. 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 » Let's look at why Tepper may be attracted to memory stocks even after their strong runs. Sandisk: A NAND pure play Sandisk is the market's only pure-play NAND (flash) memory maker after being spun out of Western Digital last year. The company has benefited from surging demand related to artificial intelligence (AI) and flash memory supply constraints, which have pushed up NAND pricing. NAND is a non-volatile type of memory, which means it retains its data even when the power is turned off. It's slower than volatile DRAM, which loses its data when it is not connected to a power source. As such, NAND is used for longer-term data storage, while DRAM is used for short-term, temporary storage. The NAND market saw a huge surg...

财联社5月23日讯（编辑 魏齐） 全球顶尖指数编制机构富时罗素当地时间5月22日公布初步名单，披露即将纳入或调出美股全市场罗素3000指数以及罗素微型股指数的企业，标志着2026年6月美国罗素指数半年期调整工作正式开启。 本次2026年6月指数调整将于6月26日周五美股收盘后正式生效。罗素美国指数预计调入、调出企业名单，以及指数调整流程的更多详细信息，均可在富时罗素官方网站查询。每年6月，罗素美国指数系列都会重新校准，以此反映不断变化的美股市场格局。指数方会更新大盘、中盘、小盘、微型股之间的市值划分门槛，同时参照指数内其余企业，重新评估各家公司的投资风格属性。 目前约有12.2万亿美元规模的投资资产，以罗素美国指数作为业绩基准 ，或是投向跟踪该指数的金融产品。罗素指数调整阶段，往往会成为美股主要交易所全年成交量最高的交易日之一，2025年6月指数调整当日收盘阶段成交额达2172亿美元。 2026年此次调整具备特殊意义，指数编制方重新启用半年一次的指数调整周期。 值得一提的是， Alphabet与AMD成为罗素1000价值指数中规模靠前的调出标的，两家公司被完全划归成长属性范畴。 全美十大企业排名重构，英伟达登顶市值榜首 过去一年间，全美市值前十企业的席位与排名出现明显变动，市场头部企业集聚效应持续显现。英伟达市值大涨82.5%，一跃成为全美市值最高企业。Alphabet公司年度涨幅位居前十企业首位，排名从第五位攀升至第二位。苹果公司与微软公司去年位列榜单前两名，今年分别下滑至第三位、第四位。 市值前十企业中有九家企业席位保持不变，沃尔玛取代礼来制药，成为榜单唯一新晋企业。头部企业体量持续大幅扩张，如今前十家企业市值均突破1万亿美元，其中五家企业市值超2万亿美元，四家企业市值突破3万亿美元。反观2025年，仅有七家企业市值跨过1万亿美元关口，市值超2万亿美元的企业仅有两家。 头部企业与市场整体的市值差距进一步扩大，前十企业合计总市值从一年前的17.9万亿美元增至26.4万亿美元，涨幅约48%。 苹果、微软、英伟达、亚马逊、Alphabet、Mata、特斯拉组成的美股七大巨头企业市值同样大幅增长，合计总市值从2025年的15万亿美元增至22.4万亿美元，增幅49%。市场集中度不断提升，指数行情走势也愈发容易受到少数巨型市值企业影响。 小盘股回暖，向上晋级的主力来自科技与...

市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何意见、观点或结论是否符合其特定状况。据此投资，责任自负。 伊朗伊斯兰议会议长卡利巴夫23日在会见巴基斯坦陆军参谋长穆尼尔时表示，伊朗不会在国家和人民权利问题上作出让步。 据伊朗迈赫尔通讯社23日报道，卡利巴夫表示，“我们不会背离国家和人民的权利”，尤其是面对一个“根本没有诚信、无法被信任”的对手。 他说，如同在战场上“以勇气和力量捍卫国家主权”一样，伊朗也将在外交领域“以智慧和实力”维护国家正当权利和利益。 卡利巴夫还表示，军人比任何人都更了解和平的价值，但同样绝不会允许国家尊严和权利遭到践踏。（新华社） 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何意见、观点或结论是否符合其特定状况。据此投资，责任自负。

Although the benchmark S&P 500 has clawed back to record territory and the VIX has settled into a sleepy 16.7 reading, Wall Street’s memory is shorter than its history would suggest. The Dow and the Nasdaq are both riding a heavy year-over-year tailwind, with the S&P 500 up 28% over the past twelve months. The ... Warren Buffett Bought Leveraged Investor’s Berkshire Shares for $40 in the 1973 Crash. They’re Now Worth $700,000

Chesky_W/iStock via Getty Images Introduction The last seven months has been ugly for Axon ( AXON ). From a high of $886 in October 2025, the stock has declined more than 50% to around $390 despite continued 30%+ revenue growth. Most of that drawdown is linked to the SaaSpocalypse narrative, where investors have been dumping high-multiple software names on the fear that AI agents will commoditize seat-based subscriptions. Axon got caught in this selling because of its rich multiple and 40% of its revenue coming from SaaS and AI subscriptions. We think that the fear is misapplied here, and that the gap between price and fundamentals represents the opportunity. Axon Price Action (Seeking Alpha) We have been closely following Axon since November 2023, and one thing we are very confident about is the durability of its flywheel. See our past coverage where we made several calls across different phases of the company’s evolution: November 2023: Axon: Flywheel Business Model And Expanding TAM Makes It A Buy March 2024: Axon Enterprise: Flywheel Continues To Deliver Strong Results May 2024: Axon: Strong Q1, Reiterate Buy June 2024: Axon Enterprise: Draft One AI Is A Game Changer October 2024: Axon: Flywheel Strategy Fueling Growth In this article, we want to review the Q1 2026 results, and update our view on the durability of the Axon flywheel in light of the ongoing SaaS multiple compression. Why The SaaSpocalypse Fear Misreads Axon The bear case for SaaS is simple. Stand up an AI agent to replicate a horizontal SaaS workflow, the per-seat pricing erodes and net revenue retention collapses. For plenty of pure-software names that concern is legitimate: content generation, support deflection, simple workflow/low-code, are all areas where AI can replicate the core output, making them structurally vulnerable. Axon is the wrong target for it, and there are three reasons that tell us why. 1- Starting with the hardware layer. The software does not float free of the physical world...

內地暴雨持續，中央氣象台連續12日發布暴雨預警。在湖南石門縣，暴雨造成最少7死、14人失蹤。 在湖南石門縣連日暴雨引發災情，多處出現泥石流，村民要緊急撤離。不少路段都滿布泥濘，撤離民眾舉步維艱，村民自發清理塌樹。 湖南氣象台預計，當地未來一星期雨勢偏多而且集中，發生山泥傾瀉等災害風險較高，進入防汛救災關鍵期。水利廳將當地洪水防禦應急響應提升至三級，是第二高級別。 湖南石門南北鎮副鎮長唐培登指出︰「根據天氣預報，近兩天有大到暴雨，裡面有很多山體已經非常鬆軟，有可能稍微一落大雨就會造成二次滑坡或者其他次生災害，如果發生了，後果可能非常嚴重。」 而在廣東、廣西以及江西，有15條河流水位超出警戒線。廣西防城港有村莊被洪水圍困，消防員要出動橡皮艇疏散居民。廣東漠陽江則有洪峰過境，水位高達6.8米，到下午水位開始回落。 中央氣象台繼續發布暴雨藍色預警，是連續第12日發布暴雨預警，並預料雨帶將逐漸向北移動，黃河和長江之間出有強降雨，當中湖北、安徽、河南等地雨量較大，要防範次生災害的發生。 在河南，有農民趁暴雨來襲前提早收割小麥到廠房烘乾。當地已準備超過800部糧食風乾機，工作人員提前檢查相關設備，確保可正常運作。

格隆汇5月23日｜据半岛电视台：卡塔尔埃米尔与特朗普讨论巴基斯坦主导的调解努力。

教育部公布，中山大學校長高松出任北京大學校長。 今年62歲的高松，接替龔旗煌出任北京大學校長、黨委副書記。他是理學博士、中共黨員、十四屆全國人大常委、教授、中國科學院院士。 高松之前曾任北京大學副校長、常務副校長，華南理工大學校長、黨委副書記。2021年起，擔任中山大學校長、黨委副書記。

Alibaba Group Holding Limited (NYSE:BABA) is one of the best low risk stocks to buy in 2026. On May 20, Alibaba Group unveiled its new Zhenwu M890 AI chip, developed by its T-Head subsidiary to provide a domestic alternative to Nvidia processors amid tightening US export curbs. The chip offers three times the performance of its predecessor and is purpose-built to handle the heavy memory demands of autonomous AI agents. Alibaba also introduced the Panjiu AL128 server system, which integrates 128 of the new accelerators into a single rack. The system is immediately available to Chinese enterprise clients through Alibaba Cloud’s Bailian platform. T-Head has shipped over 560,000 total Zhenwu units to date across industries like automotive and finance. Alibaba (BABA) Unveils Zhenwu M890 AI Chip for Autonomous Agents To complement the hardware, Alibaba Group Holding Limited (NYSE:BABA) debuted its Qwen 3.7-Max large language model, optimized for complex coding and agent tasks. Supported by a 380 billion yuan (~$53 billion) infrastructure investment, the company also detailed a multi-year roadmap featuring the successor V900 chip in 2027 and the J900 chip in 2028. Alibaba Group Holding Limited (NYSE:BABA) operates as a technology infrastructure and marketing solutions provider. It operates both within the People’s Republic of China and internationally. While we acknowledge the potential of BABA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. Disclosure: None. Follow Insider Monkey on Google News.

四川大熊貓國家公園臥龍片區發布影片，拍攝到全球唯一野生白色大熊貓，在野外活動的影像。 影片見到，白色大熊貓在樹林中穿梭，據專家推算大熊貓目前約9歲左右，已經是壯年，體格壯實、毛髮呈金棕色。同一隻大熊貓自2019年，首次被發現，當時只影到照片。專家未來會持續跟蹤牠的生活習性，活動範圍與社群行為。

I have never really been a fan of certificates of deposit (CDs). Yes, the principal is guaranteed and insured by the Federal Deposit Insurance Corporation (FDIC), but the lockup period is extremely inflexible. If I need emergency cash or dry powder to buy the dip, I do not want my money trapped behind an early ... Your CDs Feel Safe. The 1.5 Percentage Points of Income They’re Not Paying You Aren’t.

Sundry Photography/iStock Editorial via Getty Images Evercore maintained Arista Networks ( ANET ) as its Top Pick with an Outperform rating and a $200 price target, citing the AI boom. "We view Arista as a core name for investors to own as the company is uniquely positioned to solve the AI Infrastructure bottleneck and bolster XPU utilization," said analysts led by Amit Daryanani. The analysts highlighted five key points and also had a bull case thesis in which the price target is $300. Firstly, more than $150B in Networking Total Addressable Market, or TAM, growing at over 25% compound annual growth rate, or CAGR. The analysts estimate back-end networks could be over $120B TAM and sustain more than 30% CAGR, while front-end networks at $30B TAM will sustain a high-single-digit CAGR. "ANET is uniquely positioned to win in AI networking given its ability to deliver a scalable, unified Ethernet fabric across Scale-Up, Scale-Out, and Scale-Across architectures in a vendor-agnostic manner. Arista’s EOS software stack provides a key differentiation enabling operational consistency, automation, & resiliency across complex AI clusters and multi-vendor environments," said Daryanani and his team. Secondly, positioned for over 30% sales growth. The analysts noted that Arista recently raised their expectation to over 20% growth through 2028 (versus mid-teens at analyst day). Given tailwinds across AI infrastructure, new customer wins, and growth in enterprise, the company should sustain more than 30% growth driven by end-market, share gain, and new customers, the analysts added. Thirdly, customer diversification through Anthropic ( ANTHRO ), Oracle Cloud Infrastructure, or OCI, ( ORCL ) and Google ( GOOG ) ( GOOGL ). "We expect ANET to have OCI and Anthropic as 10%+customers in CY26 along with Meta & MSFT. In addition, there is potential for ANET to scale with GOOG in CY27 & beyond. We see sizable incremental revenue from these two customers through CY28 as clusters scale," th...

亞太經合組織APEC貿易部長會議在蘇州閉幕，發表《蘇州聲明》。商務部部長王文濤稱，會議就貿易、供應鏈等議題達成共識，形容是來之不易。 為期兩天的亞太經合組織APEC貿易部長會議在蘇州閉幕，與會方聯合發表《蘇州聲明》，重申致力推進亞太地區的經濟一體化。 商務部部長王文濤在記者會指，目前國際形勢變亂交織，單邊主義、貿易保護主義抬頭，與會各方仍能就貿易、供應鏈，改革世貿組織等五方面達成共識，形容成果是來之不易。 商務部部長王文濤指出︰「秉持促進貿易和投資自由化、便利化，支持經濟增長和繁榮的初心，深入探討多邊和區域經貿合作，相互促進重要議題，充分證明開放的區域主義和真正的多邊主義是深得人心、相互成就、共同發展，符合各經濟體的根本利益。」 商務部國際司司長林峰提到，數字貿易是近年國際經貿合作的關鍵。會上各方完善了數字貿易政策協同框架，並希望彌補數字鴻溝，將發展盈利惠及更多人民。 商務部國際司司長林峰稱︰「深化數字貿易互聯互通建設，激活貿易新動能，各方同意推動數字基礎設施互聯互通與貿易數字化轉型，希望通過技術聯通與制度聯通，這雙聯來驅動數字貿易提質增效。」 另外，有分出席的會議的商務及經濟發展局局長丘應樺同新西蘭貿易及投資部長，就促進雙邊貿易等議題交換意見。 今年是APEC中國年，10月會在香港舉行財政部長會議，而11月會在深圳舉行領導人非正式會議。

"What is shameful [...] is that as we've uncovered in the course of this review for every £25 that we spend keeping young people on benefits, we spend only a pound helping them get into work through employment support," he said.