In the runup to the Champions League final, the Arsenal manager’s first footballing steps in the Basque Country and Barcelona are recalled by those who shared them The way Santi Cazorla tells it, rolling about laughing, Mikel Arteta may just be the worst person you could ever wish to watch a match with. Which is why he knew his friend would be a coach and why he told him to go away and become one, convinced great things were coming. “When we were injured at Arsenal, we used to meet at home for games, and he would grab the remote and pause it,” Cazorla recalls. “I would say: ‘What are you stopping it for?’ He would say: ‘No, go back, go back,’ rewind it 30 seconds, and then ask: ‘What do you see?’ I would say: ‘I see a paused screen. I don’t see anything!’” So Arteta would explain. “‘Don’t you think this player is badly positioned? … If he goes a bit deeper, this space opens up … if the pivot goes there, this happens … that line should be deeper …’ I would look at him and think: ‘What’s with this guy?’” Cazorla continues, still cracking up. “He was a coach already. All game, every game: pausing, rewinding. The match is finished and we’re only in the 35th minute. ‘Do you see it?’ ‘Yes, yes, you’re right, now come on, press play.’ But I didn’t see it. I love football, I can watch it all day, but I don’t notice those things. Mikel does. I think it’s a gift.” Continue reading...

伊朗法尔斯通讯社29日援引知情人士的话说，与美国的协议文本正处于伊朗国内审批的最后阶段，伊方尚未作出最终决定。(新华社) 免责声明： 风险提示：本文内容仅供参考，不代表同花顺观点。同花顺各类信息服务基于人工智能算法，如有出入请以证监会指定上市公司信息披露平台为准。如有投资者据此操作，风险自担，同花顺对此不承担任何责任。

Alphabet (GOOG) Among Most Expensive U.S. Stocks by Valuation Gr GuruFocus

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Virgin Galactic (SPCE), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Virgin Galactic currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> Set to Beat the Market? Let's discuss some of the components of the Momentum Style Score for SPCE that show why this company shows promise as a solid momentum pick. A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area. For SPCE, shares are u...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Harmonic (HLIT), which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Harmonic currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> Set to Beat the Market? Let's discuss some of the components of the Momentum Style Score for HLIT that show why this video services provider shows promise as a solid momentum pick. A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area. For HLIT, shares are up 21.21% over the past week while the Zacks Commun...

Investors might want to bet on CareTrust REIT (CTRE), as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time. As such, the Zacks rating upgrade for CareTrust REIT is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock. Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for CareTrust REIT imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher. Harnessing the Power of Earnin...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at AXT (AXTI), which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. AXT currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> Set to Beat the Market? Let's discuss some of the components of the Momentum Style Score for AXTI that show why this semiconductor materials supplier shows promise as a solid momentum pick. A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area. For AXTI, shares are up 13.77% over the past week while the Za...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Apple (AAPL), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Apple currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> Set to Beat the Market? Let's discuss some of the components of the Momentum Style Score for AAPL that show why this maker of iPhones, iPads and other products shows promise as a solid momentum pick. Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area. For AAPL, shares are up 2.86% over the past week while the Zacks Computer - Micro C...

Apple (AAPL) is a Great Momentum Stock: Should You Buy? Yahoo Finance

Europeans are in for a new round of sticker shock. Inflation came in hot today across the continent’s four biggest economies, pointing to higher costs for debt, energy and food. Polls show companies are already planning to pass higher prices on to consumers . Failure to resolve the war on Iran, along with depleted fuel stocks and even higher inflation expectations point to a need for monetary action to avert a wage-price spiral, the European Central Bank’s Fabio Panetta said . Other economists added that consumers are in store for a severe food-price shock because of extreme weather caused by climate change . With a massive selloff in the bond market and rates rising all over the world, some people are warning of a perfect storm gathering for the world economy. Harvard economics professor Gita Gopinath said in an interview she sees a confluence of demographics, high levels of public debt, and gigantic AI capital needs combining to boost inflation everywhere. The building pressure is only beginning to ripple through supply chains.. —Jonathan Tirone What You Need to Know Today While the world waits on US President Donald Trump’s decision to extend a truce with Iran and commence negotiations over its nuclear program, oil executives tell us the Strait of Hormuz is still a perilous place to do business. Several vessels transiting the passage separating Iran from Oman have been attacked in recent days, underscoring the “very real” risks that remain for shipowners in the Persian Gulf, Chevron Chief Executive Officer Mike Wirth said. Oil prices nevertheless dropped to a six-week low as the traders banked on an agreement to extend a ceasefire by 60 days. England’s Farms Are Now Relying on Side Hustles to Survive More than 70% of England’s farms now top up their earnings through non-conventional activities, up from 50% less than two decades ago, government data show. Those side-hustles range from the fairly traditional — camp sites, Airbnb rentals and farm shops — to solar po...

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW CALGARY, Alberta, May 30, 2026 (GLOBE NEWSWIRE) -- High Arctic ‎Overseas Holdings Corp. (TSXV: HOH) (“High Arctic” or the “Corporation”) has released its first quarter financial and operating results. The unaudited condensed interim consolidated financial statements (the “Financial Statements”) and management’s discussion & analysis (“MD&A”) for the quarter ended March 31, 2026, will be available on SEDAR+ at www.sedarplus.ca. All amounts are denominated in United States Dollars (“USD”), unless otherwise indicated. The common shares of the Corporation began trading on the TSXV on August 16, 2024 under the trading symbol HOH. Mike Maguire, Chief Executive Officer, commented on the Corporation’s first quarter of 2026 financial and operating results and outlook: “High Arctic’s Q1 2026 results reflect low activity levels in PNG and expenditures related to our diversification strategy. I believe that High Arctic is approaching an inflection point. We expect the notice to commence mobilisation of Drilling Rig 103 will mark the beginning of a renewed focus on PNG as a secure and stable source of energy and critical minerals. The Papua-LNG project’s community development forum will be held in June / July, one of the last significant steps towards a Final Investment Decision this year. Papua-LNG is a significant drilling opportunity that we are competitively placed for. Further, the project is expected to stimulate other drilling activity including exploration which is High Arctic’s core specialty. Progress has been made on expanding our customer base for Equipment Rentals and building out the new Fire Services business, predominantly in adjacent industries such as mining and industrial construction. Our appointment as the authorised distributor of Atlas Copco Power Technique products for Papua...

Medicare beneficiaries have access to GLP-1 medications to treat specific conditions, such as type 2 diabetes. But if you're just interested in these drugs to help you lose weight, these same prescriptions can be a lot more expensive. Unfortunately, your Part D plan won't cover these drugs for weight loss anytime soon. But a new Medicare program set to take effect in a few weeks could help seniors access these weight-loss medications at a more affordable price. The GLP-1 Bridge program will begin in July Back in December, the Centers for Medicare & Medicaid Services announced a new program designed to bring GLP-1 coverage for weight loss to Part D plans in 2027. It would've given each Part D plan administrator the option to cover these medications if they wanted to, but unfortunately, it has been delayed indefinitely. It's not all bad news, though. There's a new GLP-1 Bridge program set to take effect in July. Initially expected to last only six months, it has now been extended through the end of 2027. This program will enable Medicare beneficiaries to obtain coverage for GLP-1s for weight loss, provided their doctor prescribes a qualifying medication and submits a prior authorization form. This operates outside of your Medicare Part D plan, so any money spent on GLP-1s for weight loss will not count toward your Part D plan out-of-pocket maximum. This could increase your retirement healthcare costs for the year. If you have any questions about how this program will work, contact the Centers for Medicare & Medicaid Services for more information. Other ways to get GLP-1 coverage for weight loss Medicare beneficiaries with other health insurance may be able to get GLP-1 coverage for weight loss through another policy. Check with your health insurer to learn whether it covers these medications and what your out-of-pocket costs could be. If you have no other option but to pay for these medications on your own, check with different pharmacies to see whether there's any di...

NATO Condemns Russia After Drone Smashes Into Romanian Apartments: 'Grave Escalation' A Russian overnight attack on Ukraine reportedly involved an errant drone crashing into a 10-story apartment block in neighboring Romania , which is a member of NATO. "We condemn Russia's recklessness, and NATO will continue to strengthen our defenses against all threats, including drones," a NATO spokesperson said on X, in an initial reaction. Romanian Department for Emergency Situations handout, via Reuters Romanian officials described that during the Russian military's assault on Ukraine, which has basically become nightly at this point, a Russian drone slammed into the residential building in the southeastern city of Galati - resulting in an explosion and a fire that injured two people . The Romanian Foreign Affairs Ministry condemned the "grave and irresponsible escalation from Russia" while further declaring it has issued formal request for more anti-drone defense measures from NATO. "Romania has informed allies and NATO's secretary-general about the circumstances and requested measures to accelerate the transfer of anti-drone capabilities to Romania ," the ministry said. While Romania and other countries which border Ukraine have witnessed 'errant' drones and missiles come across the border before, this is the first time Romania in particular has suffered casualties as a result of a projectile hitting a densely populated city or area. Romania has said that drone fragments have fallen on its territory several of dozens of times - the vast majority or nearly all of these happening without injury or serious incident. Reuters details that "Romania's emergency response agency said on Friday a fire broke out in a 10th floor apartment after the drone struck the building's roof and exploded." The report indicated that "Two people were receiving medical treatment on site, it said, adding 70 people had evacuated." The Kremlin has denied that Russian forces were behind the incident, wh...

政策：促消费、强监管、深落地，推动产业健康有序发展 2026年一季度，汽车产业政策密集出台并加速落地，围绕稳增长、调结构、促转型三大目标，通过刺激消费+强化监管+绿色转型等组合拳平衡短期市场稳定和长期产业高质量发展，推动汽车产业加速规范化与新能源化，实现市场健康发展及产业升级。 1促汽车消费政策定调与启动 全国汽车以旧换新政策启动 ①商务部等8部门办公厅印发《2026年汽车 以旧换新补贴实施细则》，对报废符合条件旧车并购买新能源乘用车/2.0升及以下排量燃油乘用车的，按车价比例补贴，设最高补贴上限。 河北、吉林、重庆等多地政府工作报告提出，落实汽车以旧换新，稳定大宗消费；多地启动补贴资金池动态调控，申请通道集中开放 ②新能源汽车购置税政策调整 自2026年1月1日起，新能源汽车购置税从全额免征调整为减半征收，实际税率为5% 2监管与规范新规集中落地 ①规范汽车行业价格行为 市场监管总局发布《汽车行业价格行为合规指南》，促进市场健康有序发展。《指南》明确实行全流程价格管理；聚焦汽车新车销售环节，着力规范不明码标价、虚假促销等突出问题 ②加强二手车出口管理 2026年1月1日起，《关于进一步加强二手车出口管理工作的通知》施行，严控新车以二手车名义出口、规范出口许可证申领、建立企业动态管理及退出机制、严格改装车出口条件并提升出口合规与国际经营能力 3节能细则全面深化与落地 ①汽车绿色消费推进行动 商务部等九个部门1月5日联合印发《关于实施绿色消费推进行动的通知》，明确支持新能源汽车消费，加快消费模式绿色转型 ②汽车节能国家标准实施 2026年1月1日起《乘用车燃料消耗量限值》等三项汽车节能强制性国家标准实施，推动汽车节能升级、助力绿色出行 ③新能源汽车下乡提速 中央一号文件首次将新能源汽车纳入乡村消费升级重点支持领域，配套补贴、充电基建、全链条保障等政策组合拳

金戈新材(920083) 金戈新材本次发行价格9.65元/股，发行市盈率14.99X，申购日为2026年6月1日。本次发行数量为2232万股，发行后总股本为8927万股，本次发行数量占发行后总股本的25%。经我们测算，公司发行后预计可流通股本比例为25%，老股占可流通股本比例为0%。本次发行战略配售发行数量为222.8万股，占本次发行数量的9.98%。有4家战略投资者参与公司的战略配售。公司募投项目预计投资总额20496万元，其中“年产3万吨功能性材料技术改造项目”于2025年11月进行了一期自主验收，预计达产后将新增功能性粉体产能每年10,000吨。 金戈新材主要产品为导热粉体材料和阻燃粉体材料等，2025年归母净利润达5748万元（yoy+21.30%）。公司专业从事功能性材料的研发、生产和销售，拥有导热粉体材料、阻燃粉体材料、吸波粉体材料等产品系列，下游主要应用于新能源汽车、消费电子、5G通信、光伏储能等领域。公司主要采用直销，并辅以少量的贸易商销售模式。2025年公司的前五大客户分别是回天新材、博恩新材、优邦科技、安品新材和腾威电子，2023-2025年，回天新材一直是公司最大的客户。2025年公司营收达5.34亿元（yoy+14.15%），归母净利润达5748万元（yoy+21.30%）。 预计2029年中国导热粉体市场规模将达到154.53亿元，新能源汽车、消费电子等领域需求广阔。导热粉体材料下游应用领域广泛，主要包括新能源汽车、5G通信、消费电子、光伏储能等，其原材料氧化铝、氢氧化铝、氧化锌等资源丰富、供应充足。据金戈新材招股书，2024年中国导热粉体材料市场规模为107.46亿元，预计2029年将达154.53亿元。其中，新能源汽车领域导热粉体市场规模2024年约23.1亿元，预计2029年将达50.6亿元，2025-2029年预计复合年增长率将为15.00%；消费电子领域2024年导热粉体市场规模约25.3亿元，预计2029年将达35亿元，2025-2029年复合年增长率将为7.40%。阻燃粉体行业的消费结构正由卤系向无机系、有机磷系转变，无机阻燃粉体凭借高效阻燃、无毒环保和价格低廉等优势加速替代卤系产品。2024年中国阻燃粉体市场规模约161.1亿元，预计2029年达283.2亿元。此外，据金戈新材招股书，预计全球电磁屏蔽材料市场2022-202...

川投能源(600674) 投资要点： 事件：1）公司发布2025年年报，2025年实现归母净利润47.54亿元，同比增长5.47%；2）公司发布2026年一季报，2026Q1实现归母净利润14.53亿元，同比减少1.76%；3）公司发布2025年利润分配方案，拟每股派息0.50元（含税），现金分红占归母净利润的51.27%。4）公司发布三年股东回报计划，2026-2028年每年以现金方式分配的利润原则上不少于当年实现的合并报表归属于上市公司股东的净利润的50%，规划分红比例大幅提升。 2025年归母净利润增长主要是由于雅砻江投资收益增加，银江水电投产带动控股水电电量增长。公司2025年利润总额49.22亿元，同比增加2.21亿元；其中投资收益48.70亿元，同比增加2.28亿元，其中雅砻江水电贡献投资收益44.25亿元，同比增加4.59亿元；大渡河水电贡献投资收益2.82亿元，同比减少1.04亿元。2025年雅砻江水电发电量871.51亿千瓦时，同比减少6.23%，雅砻江投资收益增长主要受2024年一次性因素导致的低基数影响。2025年公司主业利润0.52亿元，同比减少0.07亿元，2025年公司控股企业完成发电量66.27亿千瓦时，同比增长13.85%，水电发电量增长主要是因为公司攀水电公司银江电站全部6台机组陆续投产，2025年公司控股企业平均上网电价0.206元／千瓦时，同比降低6.79%，电价下降主要原因：1）市场化售电导致电价有所降低；2）攀水电公司银江电站投产，拉高了公司丰水期电量在年发电量中的占比，拉低了全年水电均价。 2026Q1雅砻江水电发电量承压，公司投资收益小幅下降。公司2026Q1利润总额14.84亿元，同比减少3.18%；其中投资收益14.60亿元，同比减少1.1%，2026Q1雅砻江水电发电量209.29亿千瓦时，同比减少9.93%，投资收益下降幅度小于雅砻江水电发电量下降幅度，或因雅砻江水电电价同比提升。2026Q1主业利润0.24亿元，同比减少0.33亿元。2026Q1公司控股企业完成发电量8.89亿千瓦时，同比减少7.40%，水电发电量减少的原因：1）所在流域来水减少；2）受新投产项目尾工影响和在运电站停机检修影响，发电量有所减少；2026Q1公司控股企业平均上网电价0.344元／千瓦时，同比上年降低2.82%，水电上网电价降低主要...

MediaTek client passes TSMC for Intel DECISIONMAKING: While the majority of chips still use TSMC’s CoWoS technology, the unnamed client potentially favored the cost and capacity benefits of Intel’s EMIB By Lisa Wang / Staff Reporter MediaTek Inc (聯發科) yesterday revealed that a data center client opted for Intel Corp’s advanced packaging technology to build an in-house customized artificial intelligence (AI) accelerator, marking the first adoption of the technology in MediaTek’s customized chip design portfolio. Mediatek did not disclose the customer’s name, but analysts said the company is designing a tensor process unit — an AI application-specific IC (ASIC) — for Google. The cloud services provider prefers Intel’s embedded multi-die interconnect bridge technology (EMIB) over the chip-on-wafer-on-substrate (CoWoS) technology offered by Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), given substantial cost savings and capacity availability, analysts said. MediaTek Inc president Joe Chen, right, and co chief operating officer David Ku attend a pre-Computex media and investors’ gathering in Taipei yesterday. Photo: Lisa Wang, Taipei Times “Since this is a customized chip, there are a variety of choices in terms of vendors. The customer might have taken all factors into consideration [before making the decision],” MediaTek co chief operational officer David Ku (顧大為) told reporters in Taipei yesterday. However, the majority of chips still utilize TSMC’s CoWoS technology, Ku said. The ASIC business is emerging as a new growth engine for the company, the world’s biggest mobile chip supplier, as the company expects it to contribute US$2 billion in revenue this year and multiple billion US dollars next year, attributable to acceleration in AI accelerator demand. TSMC is a long-standing close foundry partner of MediaTek, MediaTek vice chairman and chief executive officer Rick Tsai (蔡力行) said in response to a shareholder’s question about the possibility of utilizing Intel’...

股票代码 股票简称 报告名称 东财评级 评级变动 2026盈利预测 2027盈利预测 行业 收益 市盈率 收益 市盈率 002886 沃特股份 经营稳健向好，持续完善高分子新材料平台布局 买入 维持 0.430 68.00 0.660 44.80 塑料 null

投资要点： 1.投资要点 1.1.韬定律横空出世，中国半导体"换道超车"路径确立。5月25日，华为半导体业务部总裁何庭波在IEEEISCAS2026上正式发布“韬（τ）定律”，提出以"时间缩微"替代传统摩尔定律的"几何缩微"，通过“逻辑折叠（LogicFolding）”等核心技术，将平面电路向三维空间堆叠，大幅缩短信号路径、降低时延，在不依赖EUV光刻机的前提下持续提升晶体管密度与系统性能。何庭波表示过去六年华为已基于该路线量产381款芯片，覆盖移动、AI、汽车等多领域。2026年秋季即将发布的麒麟2026芯片率先采用逻辑折叠技术，晶体管密度从155MTr/mm²提升至238MTr/mm²（+53.5%）。到2031年，华为有望在无EUV条件下达到等效1.4nm制程性能水平。我们认为，华为以"时间缩微"替代"几何缩微"，从根本上重构了中国半导体产业的演进逻辑，成熟制程及先进封装产业链价值面临系统性重估。 1.2.国产算力硬件全链受益，液冷或从"可选"走向"必选"。韬定律在AI端的落地路径已明确：逻辑折叠将于2030年导入昇腾990AI加速器，配合统一总线、光互连Hi-ONE和3D封装，到2035年硬件集成度较现有产品有望提升超100倍。散热端，高频信号传输与集群高密度化将"热"推到台前。英伟达GB300单芯TDP达1400W，华为昇腾950功耗已达600W，NVL72机柜功耗已经达到120kW。根据维谛技术数据，风冷芯片解热上限约1000W、单机柜解热上限约80kW。字节2026年AIDC招标细则明确要求机柜运行超21kW必须全线采用液冷散热。据IDC预测，2024-2029年中国液冷服务器市场CAGR达46.8%，2029年规模将达162亿美元；信通院测算国内智算中心液冷市场规模2029年将达约1300亿元。我们认为，韬定律打破算力供给瓶颈预期，堆叠技术带来的功耗跃升或将液冷推至数据中心散热的"必选项"地位，2026年有望成为液冷规模部署元年。 1.3.商业航天催化密集，SpaceXIPO为板块提供全球估值锚。（1）SpaceX于美东时间5月20日正式向SEC递交S-1招股书，拟在纳斯达克以代码"SPCX"上市，6月4日启动路演、6月12日目标挂牌，预计募资750亿美元，对应估值1.75万亿至2万亿美元。招股书首度披露财务数据：2025年营收186.74亿美元，C...

股票代码 股票简称 报告名称 东财评级 评级变动 2026盈利预测 2027盈利预测 行业 收益 市盈率 收益 市盈率 300274 阳光电源 再度拿下中东储能大单，AIDC业务进展顺利 买入 维持 光伏设备 null

理想汽车-W(2015.HK)26Q1业绩点评：经营低谷期业绩符合预期 关注换代表现和销量恢复状态 - Futubull 富途牛牛

理想汽车-W(2015.HK)26Q1业绩点评：经营低谷期业绩符合预期 关注换代表现和销量恢复状态 - Futubull 富途牛牛

格隆汇5月29日｜受AI服务器需求激增与戴尔股价大涨推动，Michael Dell身家飙升至2430亿美元，正式反超Mark Zuckerberg的2151亿美元，跃居全球富豪榜前六。

matejmo Allied Gold ( AAUC ) ( AAUC:CA ) 5.6% after a report that the company's $4 billion sale to China's Zijin Mining ( ZIJMY ) is facing delays due to opposition from regulators in Beijing. The deal spread on Friday widened to $7, the most since the $44 a share deal was announced in January. China's regulator, the National Development and Reform Commission, has questioned the premium Zijin is paying as well as the risks associated with Allied’s gold mine in Mali, according to a Financial Times report on Friday, which cited people familiar with the matter. A delay in China's regulatory approval has become a big issue, with some questioning if the deal will close as planned, according to the FT report. The original agreement had a deadline of Friday, which can be extended if both sides agree. “There is strong industrial and commercial logic for this transaction, and both parties continue to work diligently towards closing," an Allied spokesperson told the FT. Late last month, Allied Gold ( AAUC ) confirmed the normal course conduct of business at its operating mines in Mali amid reports of conflict in the country. Zijin Mining ( ZIJMF ) ( ZIJMY ) agreed to buy Allied Gold ( AAUC ) for ~C$5.5B (US$4B) in cash in January. More on Allied Gold Corporation Allied Gold Corporation (AAUC:CA) Shareholder/Analyst Call Prepared Remarks Transcript Allied Gold falls amid renewed concerns over Mali situation Allied Gold falls again as Mali conflict further escalates Historical earnings data for Allied Gold Corporation Financial information for Allied Gold Corporation

In this article BTC.CM= ETH.CM= Follow your favorite stocks CREATE FREE ACCOUNT Cheng Xin | Getty Images News | Getty Images Prediction markets giant Kalshi announced Friday it plans to launch perpetual futures contracts, starting with crypto perpetuals. They will give U.S. traders a regulated alternative to offshore platforms that have dominated this market. Perpetual futures, or "perps," are futures-style contracts with no fixed expiration date. Traders do not have to keep rolling from one dated contract into the next. Instead, the contracts are designed to track the price of the underlying asset continuously, with funding payments keeping the perp price aligned with the market. For instance, a crypto payments company or fund manager with exposure to bitcoin could use a regulated perpetual contract to hedge price risk without constantly managing contract expirations. If a firm expects to receive bitcoin next week, it could short a BTC perpetual to offset the risk that bitcoin falls before the payment is converted or booked. A more speculative trader could use the same product to make a bullish or bearish bet without picking an expiration date. Perps have become one of crypto's major trading tools. Kalshi said offshore perpetuals grew from $28 trillion in annual volume in 2023 to more than $90 trillion in 2025. It's a massive market, but one U.S. institutions have often had to access indirectly or through offshore platforms. Perpetual futures are subject to regulatory approval. Kalshi said the products will be offered under the supervision of the Commodity Futures Trading Commission. Polymarket too is pushing into 24/7 long-short trading with its own perps offering. These companies are looking beyond elections, sports, macro data or one-off event contracts. Kalshi is leaning on regulation as the differentiator. The company said funding rates will be charged every eight hours and visible in transaction history. It added that agricultural commodity perpetuals will no...

Detroit’s rising developers are supported by the Apple Developer Academy and inspired by their city Apple

An image of the Snowflake logo on a corporate office_ Image by Grand Warszawski via Shutterstock_ Snowflake (SNOW) stock charged higher on Thursday after the cloud data company announced a multi-year strategic infrastructure deal with Amazon (AMZN). According to SNOW’s press release, it has committed to spending $6 billion on Amazon Web Services (AWS) over the next five years, helping joint customers worldwide build and deploy AI faster and more securely. Snowflake stock has been a blockbuster investment in recent months, having soared roughly 100% since early April. What the Amazon Deal Means for Snowflake Stock The aforementioned commitment includes the use of Amazon’s custom “Graviton” processors and other chips to power AI and agentic applications. As artificial intelligence shifts toward agentic workloads, CPU usage is accelerating rapidly alongside GPU demand. SNOW shares rallied on the announcement because locking in access to AMZN’s more affordable custom silicon would likely help the company grow its margins in the long run. Meanwhile, a commitment of this size also keeps Amazon deeply incentivized to push Snowflake through the AWS Marketplace, which may strengthen its reach and lower its customer acquisition costs. All in all, the Amazon partnership “de-risks” Snowflake’s infrastructure roadmap; it offers supply certainty at scale just as enterprise AI consumption is inflecting upward. Why SNOW Shares Are Worth Buying After Q1 Earnings Beyond the AWS deal, SNOW’s underlying business fundamentals are arguably the strongest they have been in years. Net revenue retention (NRR) improved to 126% in Q1 after three straight quarters at 125%, giving Snowflake shares bulls a clean signal that customer expansion may be stabilizing. Remaining performance obligations (RPO) also went up another 38% in the first quarter to $9.21 billion, a forward-demand signal that contracted revenue is not slowing. More importantly, Cortex Code is now active across 7,100+ accounts, an...

The S&P 500 Index ($SPX) (SPY) today is up +0.41%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.43%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.66%. June E-mini S&P futures (ESM26) are up +0.37%, and June E-mini Nasdaq futures (NQM26) are up +0.66%. Stock indexes are moving higher today, with the S&P 500, Dow Jones Industrials, and the Nasdaq 100 climbing to new all-time highs. Stocks are supported by prospects for a peace deal in the Middle East, which are easing pressure on crude oil prices and reducing inflation concerns. Also, evidence of relentless demand for AI-infrastructure upgrades is pushing technology stocks higher, with Dell Technologies up more than +30% after giving a sales outlook that far surpassed analysts’ estimates. Join 200K+ Subscribers: The markets are awaiting President Trump’s approval of a preliminary deal between the US and Iran to extend a ceasefire by 60 days and reopen the Strait of Hormuz. Vice President Vance said late Thursday that the parties are “going back and forth on a couple of language points,” including issues relating to Iran’s nuclear capabilities. Crude oil prices are down more than -1% today at a 5-week low as the US and Iran tentatively agreed to extend a ceasefire by 60 days, fueling optimism that the Strait of Hormuz may soon reopen. Even if a truce extension is agreed, several hurdles remain before crude flows can resume. Among them, mines in the Hormuz waterway must be removed, shut-in oil fields may take months to restart, and damage to energy infrastructure from drone and missile strikes needs to be repaired. The markets are discounting a 3% chance of a -25 bp FOMC rate cut at the next FOMC meeting on June 16-17. The generally favorable Q1 earnings season is winding down. As of today, 84% of the 485 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earning...