peterschreiber.media/iStock via Getty Images Dycom Industries ( DY ) soared 25% in premarket trading Wednesday after the telecommunications infrastructure contractor posted record first-quarter results that easily topped Wall Street expectations and raised its full-year outlook amid booming demand for fiber and data center construction. The rally added to an already scorching run for Dycom ( DY ), whose shares had climbed roughly 85% over the prior 12 months heading into Wednesday’s earnings report as investors increasingly bet on long-term spending tied to broadband expansion, artificial intelligence infrastructure and hyperscale data centers. Revenue and earnings crush estimates Dycom ( DY ) reported first-quarter contract revenue of $1.96 billion, up 56% from a year earlier and well above the Wall Street consensus estimate of $1.67 billion. Organic revenue growth was about 25%. Adjusted earnings came in at $4.42 a diluted share, crushing analyst expectations of $2.72 a share. Adjusted net income nearly doubled to $134.3 million from $70 million a year earlier. Net income rose to $91.3 million, or $3.00 a share, from $61.0 million, or $2.09 a share. The company also reported adjusted earnings before interest, taxes, depreciation and amortization of $262.5 million, up 74.6% from the prior year, while adjusted ebidta margin expanded to 13.4% from 11.9%. Outlook raised after strong quarter Dycom Industries ( DY ) raised its fiscal 2027 revenue outlook to a range of $7.38 billion to $7.65 billion, citing strong first-quarter execution and continued demand trends. Analysts on average expected revenue of $7.07 billion. For the current quarter, the company forecast revenue between $1.94 billion and $2.01 billion, compared with the Wall Street estimate of $1.77 billion. Management projected adjusted diluted earnings of between $4.40 and $4.82 a share, compared with the consensus estimate of $4.06. Investors focus on AI infrastructure demand For investors, the report reinf...

Despite recent signs that US-China ties are stabilising, veteran China watcher Li Cheng argues that the two superpowers should not rush to sign a new joint communique , suggesting this would add little value as Washington is not upholding its previous commitments. The recent summit between President Xi Jinping and his US counterpart Donald Trump produced a “dramatic change” in the countries’ relationship, Li said in an interview published by Chinese news website Guancha.cn. “From viewing each other as enemies to positioning each other as friends – nothing is more dramatic than this,” said the professor at the University of Hong Kong’s Centre on Contemporary China and the World, praising Trump’s transactional approach and personal rapport with Xi. Advertisement Li welcomed the shift towards framing the relationship in terms of constructive strategic stability as “pragmatic and realistic”, but expressed scepticism about a fourth communique. “In my view, if he does not even implement the existing three communiques, what is the point of signing a fourth one?” he asked, without offering specific examples of how Trump had failed to uphold the agreements. Advertisement Li also cautioned that pushing for a new document could provoke anti-China forces in the United States ahead of the midterm elections.

Pakorn Supajitsoontorn/iStock via Getty Images LexinFintech Holdings ( LX ) has been in a steady downward slide for most of the past year, with the stock now having pulled back ~80% from its March 2025 highs. I have been bullish on this name the entire ride down , which has proven to be the wrong call. The combination of very low investor interest, regulatory overhangs, and what seems to be a structurally declining business are several reasons to avoid the name. However, I remain a contrarian bull here as sentiment and expectations are now completely washed out. Yes, it would be easy to throw in the towel, and acknowledging that I have been wrong for over a year, I believe the tide could start to turn in a more favorable direction. The company's most recent earnings report showed some positive signs in the underlying trends, that being registered users, new borrowers, and loan volumes. More on the financial details below, but these are encouraging trends - albeit in the very early stages - that could start to attract more positive sentiment around the stock. LexinFintech is a leading Chinese fintech company, providing a variety of consumer financial services. The company's "Fengile" platform provides installment-based loans, akin to BNPL options in other countries. There remain many concerns about the longevity of this business model, and recent shifts in the regulatory landscape that tightened liquidity make this even more challenging. Results over the past year have been mixed at best, and investors have essentially forgotten about this stock. Staying a contrarian bull at these levels is challenging. There is not much to grasp onto as clear drivers to re-rate the stock higher. But any signs of improvement could provide fodder for investors to grab at. I believe LX is now completely washed out and is being priced for bankruptcy/failure. At these levels, it appears worth the risk to have a small position in the name, as any notable signs of improvement could easily ...

In this article AMZN Follow your favorite stocks CREATE FREE ACCOUNT An Amazon device is displayed at an Amazon Devices launch event in New York City on Feb. 26, 2025. Brendan McDermid | Reuters Amazon has been using homegrown artificial intelligence technology to help users compare products and buy or reorder items on their behalf. Now the company is licensing that technology to other retailers, as it vies to be the backbone of AI shopping across the web. In a blog post Wednesday, Amazon said it's taking the "architecture, starter code and learnings" from Alexa for Shopping and packaging it together for the rest of the retail industry. The new service allows retailers to launch their own AI shopping tools tailored to their storefront, catalog and branding "in as little as 60 days," Amazon said. For Amazon, the move marks another effort to take technology built internally and sell it to other companies, including competitors, as a service. It's the approach Amazon took roughly two decades ago with Amazon Web Services, its cloud computing unit, and later with its cashier-less checkout , warehousing and supply chain services. Earlier this month, Amazon rebranded its e-commerce chatbot from Rufus to Alexa for Shopping and enabled it by default in search queries on its store. As it turns outward, the new tool is being offered by AWS, which could help reassure retailers leery of partnering and sharing data with the industry giant. Amazon said it's already signed up Tapestry -owned luxury fashion brand Kate Spade as a customer, which used the service to launch a gifting assistant. Additional retailers are "currently in testing," the company said. Across the burgeoning AI industry, leading players are targeting shoppers. OpenAI , Google and Perplexity have rolled out research tools and agents for shopping, though some of those efforts have stumbled due to technical bugs or challenges with onboarding retailers. It's also unclear if shoppers are ready to hand off the task of...

asbe/iStock via Getty Images By Anton Kharitonov Bitcoin ( BTC-USD ) has moved into a noticeable decline after several months of steady growth. In recent sessions, BTC has fallen back below the $76,000 level. The key driver is a sharp reversal in capital flows within U.S. spot ETFs: institutional investors have started taking profits and reducing risk. Around $1 billion was withdrawn from Bitcoin ETFs in just one week, with some days recording record outflows exceeding $600 million. The market is particularly concerned that selling is coming not only from retail traders but also through regulated institutional products such as BlackRock, Fidelity, and ARK. This signals that large capital has temporarily shifted to a defensive stance, rather than this being just localized panic among traders. Macroeconomics and Fed policy add pressure The main negative pressure now comes not from within the crypto industry, but from the global economy. U.S. inflation is accelerating again, the market is revising expectations for Federal Reserve rates, and the likelihood of near-term rate cuts has dropped sharply. This is critical for Bitcoin: BTC remains a high-risk asset, sensitive to tight monetary conditions and reduced liquidity. Additional pressure comes from geopolitical risks and trade tensions. Investors are moving into gold and defensive assets, while the crypto market is temporarily losing its “alternative safe haven” narrative. Analysts note that this correction differs from previous cycles: BTC price is now directly influenced by ETF flows and institutional behavior, not just speculative demand. Outlook: Correction or start of a bear market? At this stage, I do not consider the current decline a full trend reversal. Rather, the market appears to be entering a phase of deeper repricing following the overheated growth at the end of 2025. However, the technical picture is deteriorating: selling pressure is increasing in the futures market, demand for protective options is ri...

欧洲央行管理委员会成员 lvaro Santos Pereira表示，欧洲央行在6月10日至11日举行政策会议时，将留意近期价格飙升的情况。“世界上已经有一些地区正在经历供应中断和价格上涨，”他周三在里斯本对记者表示，“我们给汽车加油时都能看到这一点。显然，这将在下次会议上被纳入考虑。”距离这场备受期待的会议还有两周之际，Pereira强调，“我们正在关注这些价格的演变，以判断某些价格以及之后工资是否会出现二阶效应。”“我们正密切关注事态发展，以便作出决定，”他表示，“我们谈论的是一场具有国际影响的冲突，它正对能源市场、化肥、半导体、关键初级材料以及欧洲和全球其他地区的能源产生重大影响。”市场和经济学家预计欧洲央行将在此次会议上加息25个基点，几位决策者也支持这一行动。其他人则保持更为审慎的态度，指出欧洲央行的政策立场是不预先承诺。（财联社）

The female sailor said she was very drunk on the night of the alleged assault, and had needed help to leave the mess bar and return to her cabin in an accommodation block on the base at Gare Loch.

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Meta Platforms (NasdaqGS:META) faces shareholder votes on May 27 on proposals tying senior executive pay to child safety outcomes. Investors will also vote on a request for a detailed report on how Meta addresses antisemitism and online hate across its platforms. The votes come as Meta deals with legal penalties, courtroom defeats related to youth safety, and continuing lawsuits. Meta runs Facebook, Instagram, WhatsApp, and other apps that sit at the center of global social media and digital advertising. With that reach, regulators and courts are scrutinizing how the company handles youth safety and harmful content. These shareholder proposals highlight how those operational issues are now feeding directly into governance questions and executive incentives. For you as an investor, the outcome of these votes could influence how Meta sets priorities on safety, compliance, and content moderation over time. Any changes to compensation structures or reporting expectations may affect risk management, legal exposure, and the balance the company strikes between engagement growth and user protections. Stay updated on the most important news stories for Meta Platforms by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Meta Platforms. NasdaqGS:META 1-Year Stock Price Chart See which insiders are buying and buying and selling Meta Platforms following this latest news. The activism around Meta’s May 27 votes puts investor sentiment squarely on governance, not just AI spending or earnings. Proxy Impact is framing child safety and online harm as direct financial risks, pointing to a US$375m penalty in New Mexico, a California ruling on youth mental health harms and more than 2,400 pending lawsuits, with some insurers declining to cover claims. The call to shift senior bonuses away ...

现货黄金日内跌幅达2%，报4416.32美元/盎司。

Trevor Williams CDW ( CDW ), TD Synnex ( SNX ), Ingram Micro ( INGM ), and Insight Enterprises ( NSIT ) were upgraded at J.P. Morgan on Wednesday as the investment firm sees the quartet benefiting from rising enterprise demand. CDW and TD Synnex were raised to Overweight from Neutral, and Ingram Micro and Insight were raised to Neutral from Underweight. The firm also established price targets of $130, $298, $27, and $105, respectively. “[We] are reversing our earlier view that a pull-forward of Enterprise demand would lead to a digestion period in 2H26 and now expect Enterprise demand to remain robust through the remainder of the year and potentially into early 2027, as Enterprise customers prioritize IT infrastructure upgrades to ensure AI readiness across both datacenters and campus environments, along with device refreshes aimed at avoiding future price increases,” analysts at the firm wrote in a note to clients. “While we do not challenge the argument that the current demand momentum from Enterprises will at some time in the future feed into a digestion of spend, we believe the timing of the digestion is unlikely near-term and the supply-constrained backdrop might incentivize customers to drive robust orders longer than earlier anticipated by us.” More on CDW Corporation, TD SYNNEX, etc. CDW Corporation: More Is Needed Before The Stock Can See An Upward Re-Rating Insight Enterprises, Inc. (NSIT) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript CDW Corporation (CDW) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript Banzai International secures Ingram Micro distribution alliance and wipes out $7.8M in debt under project Fortress ValueAct takes new stakes in KKR, SPOT, dumps NSIT, among Q1 moves

格隆汇5月27日｜巴克莱将美光科技的目标价从675美元大幅上调至1175美元，维持“增持”评级。(格隆汇)

Michael Kovac/Getty Images Entertainment Movado ( MOV ) is limping into Wednesday’s open with shares down double digits as the company’s decision to not provide guidance for the current fiscal year due to economic and geopolitical uncertainty spooked investors and overshadowed upbeat quarterly results and an increase in its quarterly dividend. The Swiss watchmaker also cautioned that net sales for the current quarter would moderate as the positive impact from foreign exchange fluctuations reflected in first-quarter sales would be less evident in Q2. These factors eclipsed the results for the fiscal first quarter of 2027, as Movado ( MOV ) generated net sales of $142.4M, up 8% year-over-year, beating expectations by $7M. This contributed to an adjusted profit of $0.32 per share, up from $0.08 in the same quarter last year and $0.25 better than expected, and included a cost of $0.02 per share related to the misconduct investigation within the company’s Dubai branch. Accordingly, FQ1 gross margin expanded 320 basis points to 57.3%. By ending the quarter with $225.3M in cash and with no debt, Movado’s ( MOV ) board of directors approved a 14% increase to its quarterly dividend to $0.40 per share. The higher dividend reflects the company’s “strong performance, solid financial position, and confidence in the company’s long-term prospects.” Despite this confidence, Movado ( MOV ) refrained from issuing guidance “given the current economic and geopolitical uncertainty, including the unpredictable impact of the current Middle East conflict.” Movado ( MOV ) is down more than 12% before the open. More on Movado I Acknowledge I Was Wrong After Watching Movado Group Surge (Upgrade) Movado Group, Inc. (MOV) Q4 2026 Earnings Call Transcript Movado Non-GAAP EPS of $0.32 Movado Q1 2027 Earnings Preview Seeking Alpha’s Quant Rating on Movado

随着OpenClaw（龙虾）的问世，AI智能体算是在2026年摆脱玩具化的标签，成了不少人的帮手。OpenClaw的走红也带火了一个新的名词Skill（技能），它就好比App之于智能体手机，让AI智能体有了各式各样的妙用。 一如当年的App热潮，如今的Skill同样炙手可热，甚至美团都下场做了一个“跑腿Skill”。就在5月26日，美团宣布推出“跑腿Skill”，主要用于对接各大AI助手，接入后用户只需借助自然语言输入命令，就可以让AI助手调用美团跑腿来完成下单，系统会自动完成场景识别、地址匹配、价格预估与订单提交，将原本的多步操作压缩为一步。 据美团方面介绍，跑腿Skill采用了零开发接入方式，安装后即可使用，并兼容OpenClaw本地版、云部署版，以及各类第三方客户端。有了“跑腿Skill”，用户只需用日常语言说清需求，比如“帮我去驿站取快递送到家”“帮我去菜市场买1斤新鲜田螺”，AI就可以理解并执行。即便是对于不熟悉跑腿服务边界的用户，AI也会主动引导可行方案，让更多非标、个性化的需求也能承接。 为了最大限度提升可用性，“跑腿Skill”还接入了美团的跑腿地址簿，登录后会自动拉取常用地址进行模糊匹配，不用再每次重新输入。而物品信息则是由AI自动识别品类，无需用户手动选择，并且每次下单前会展示完整的订单预览卡片，其中包含地址、物品、配送费和预计送达时间，用户确认后才提交。此外，用户还可以直接通过AI助手查询骑手的实时配送进度，无需切换App。 简而言之，美团通过“跑腿Skill”，让QClaw、有道龙虾、小米MicClaw、讯飞AstronClaw等一众“国产龙虾”可以直接借助美团骑手实现“一句话跑腿”。事实上，美团的“跑腿Skill”与阿里在千问上搞的“帮我点杯奶茶”是一回事，都是将传统互联网服务的能力嵌入AI产品。 虽然逻辑相似，但形式截然相反，美团的“跑腿Skill”更像是一个不得已而为之的权宜之计。“跑腿Skill”意味着美团将主动权交了出去，来换取一个接入AI智能体的机会。从某种意义上来说，“跑腿Skill”就相当于美团将自己的一部分能力管道化了。 毫无疑问，“管道化”是互联网厂商的噩梦，当年正是互联网行业将电信运营商管道化，使得后者虽然花了天价建设网络设施，却只能眼睁睁看着信息革命的胜利果实被互联网厂商摘走。尽管主动将自己管道化是下策，毕竟超级App...

Microsoft's (MSFT) Partnership with Anthropic Could Yield $43B R GuruFocus

Taiwan Semiconductor Manufacturing (TSM) Promises 30% Increase i GuruFocus

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. Google, part of Alphabet (NasdaqGS:GOOGL), is reportedly in advanced talks with SpaceX to deploy space-based data centers, aiming to support AI and cloud workloads. Google has joined the Data Center Innovation Initiative alongside Amazon, Meta, and Microsoft to test and co-fund next generation energy and materials technologies for data centers. For investors watching Alphabet, these moves sit at the intersection of cloud infrastructure, AI computing, and energy use. Space-based data centers, if they proceed, could change how data is processed and stored, especially for AI workloads that depend on high performance and reliable connectivity. Participation in the industry wide DCII effort also relates to how large tech companies run power intensive facilities around the world. These developments provide additional context for how Alphabet is considering long term capacity, costs, and sustainability across its Google Cloud and AI platforms. They also add new angles to track, alongside more familiar themes such as product launches and land based data center build outs that have received more attention so far. Stay updated on the most important news stories for Alphabet by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Alphabet. NasdaqGS:GOOGL Earnings & Revenue Growth as at May 2026 2 things going right for Alphabet that this headline doesn't cover. For Alphabet, the talks with SpaceX on space-based data centers and the decision to join the Data Center Innovation Initiative sit squarely in its AI capacity story. Management is already committing US$15b to Missouri data centers, contracting over 1 gigawatt of new power and co-developing additional capacity with utilities. Adding a potential orbital data center option and an industry-wide test bed for energy and materials...

格隆汇5月27日｜金山云(NASDAQ:KC，HKEX:3896)发布第一季度财报，营收同比增长37.2%，达到27.0亿元。其中，公有云业务收入同比增长47.5%至20.0亿元。智算云账单收入达10.0亿元，同比增长90.1%，占公有云收入比重首次超过一半，达50.1%。 季度内，金山云生态内外业务齐头并进。作为小米金山生态的唯一战略云平台，金山云牢牢把握生态内多样化的业务需求，生态内收入实现8.4亿元，同比增长68.9%，占总收入比例为31.0%。 此外，金山云依托现有技术产品积淀，加速拓展AI边界能力，本季度在互联网服务、通用模型、具身智能、智驾等领域实现业务突破。

文章提及标的 纽约金 -- 纽约期金失守4420美元/盎司，日内跌1.93%。

靠直播带货成功转型后，东方甄选还在寻找下一个风口。 近日，东方甄选方面宣布在上海开启即时零售业务的试运营，同步登陆京东秒送、淘宝闪购、美团三大头部平台，并透露该业务预计将于5月底落地北京。在试运营期间，东方甄选共计规划上架439个SKU，其中包含297款自营商品与142款品牌商品。 据了解，东方甄选已与京东物流达成战略合作，由后者为其上海、北京两地的即时零售业务前置仓提供资源保障。目前，东方甄选在上海已布设10个前置仓，6月将在北京设置6个前置仓（会持续增加），单仓辐射5公里服务圈。 事实上，东方甄选对于即时零售的布局早已开始，2024年初就曾开设抖音账号“东方甄选小时达”，并推出主播送货上门活动。只是不到半年时间，这一账号便停播断更。此次重启，东方甄选的决心明显更大、动作也更快。 考虑到直播电商的增长势头已经放缓，而即时零售作为新业态势头正猛，所以东方甄选这一举动并不让人感到意外。据商务部研究院的预测，即时零售市场规模将在2026年突破1万亿元，2030年达到2万亿元，并且品类边界正从“一日三餐”向“生活所需”全面拓宽，从应急消费向全场景、高品质方向演进。 至于即时零售兴起的原因，虽然直播间里能把一个烤肠讲出故事，但烤肠从下单到入口的距离，最终还是取决于物流和供应链的效率。而即时零售缩短的，正是这个距离。 需要注意的是，东方甄选的战略转型还有一个清晰的对标对象，那就是山姆会员店。相关数据显示，截至2025年，山姆线上业务占比历史性地突破50%。既然有了这样的珠玉在前，东方甄选自然不会错过。 再加上摆脱单一主播的依赖，是东方甄选近年来最为核心的诉求，而即时零售正是实现这一目标的关键抓手。在即时零售场景中，用户的购买决策基于产品性价比、品类刚需度、配送效率，与主播的人设、直播内容无关。而且东方甄选的自营产品中，休闲食品、生鲜日用占比颇高，这些高频、刚需品类天然就能适配即时零售。 而且多位核心主播的离开，不仅暴露了东方甄选内部改革的深层次问题，也进一步动摇了消费者对其的信任。对于东方甄选来说，此时就需要一个更具确定性的渠道来重建用户信任。通过即时零售的常态化运营，东方甄选可以让自营产品直面用户，以稳定的产品和履约体验重建用户信任，摆脱以往主播的人设绑定风险。 另一方面，东方甄选虽然是从抖音起步，但始终居安思危，一直在尝试多平台发展，希望提升经营自主性与抗风险能力。在这些...

文章提及标的 伦敦金 -- 纽约金 -- 现货黄金失守4420美元/盎司，日内跌1.99%。纽约期金失守4420美元/盎司，日内跌1.93%。

格隆汇5月27日丨现货黄金日内跌幅扩大至2%，报4416.32美元/盎司。

Vectorian Recent upgrades and downgrades from Seeking Alpha's Quant Ratings provide tactical ways investors can track shifting momentum and emerging risk, as well as early indicators for bullish or bearish sentiment. Seeking Alpha Seeking Alpha Quant also ranks stocks relative to their sectors, with Factor Grades that allow SA subscribers to see strengths and weaknesses across metrics, including value, growth, profitability, momentum, and EPS revisions. The system evaluates stocks based on data like a company's financial statements, stock price performance, and analysts' estimates of future revenue and earnings. Related to this article Berkshire's New Age Largest 10 companies reshuffle as Nvidia claims top spot in Russell reconstitution Ameriprise Financial: I Was Right To Rotate Two Years Ago

Resultat for 1. kvartal er som forventet FirstFarms A/S har i årets første tre måneder leveret et EBITDA på -7 mDKK og et EBIT på -23 mDKK. Resultatet er som forventet og følger guidance for 2026. FirstFarms fastholder de udmeldte forventninger for 2026 med et EBITDA i spændet 60-110 mDKK og et EBIT på -10-+40 mDKK. Omsætningen er reduceret i forhold til samme periode sidste år fra 102 mDKK til 73 mDKK, samtidig er EBITDA og EBIT faldet med 19 mDKK. Den væsentligste påvirkning på omsætning, EBITDA og EBIT har været de lave priser på mælk og grise. Mælk FirstFarms har i perioden produceret 6.016 tons mælk mod 7.736 tons i samme periode sidste år. Besætningen er ikke på samme niveau som før mund- og klovesyge, og ydelsen er ligeledes under niveauet fra tidligere, idet der er en meget stor andel af første laktationskøer. Produktionen og opbygning af besætningen følger forventningerne. Grise Omsætningen for små- og slagtegrise er faldet sammenlignet med samme periode sidste år. I Q1 2026 var salgsprisen for 25 kg smågrise 391 DKK/stk. mod 534 DKK/stk. i Q1 2025, og på slagtegrise 10,55 DKK/kg mod 13,12 DKK/kg. Priserne på grise er steget i løbet af Q1, men ligger stadig på et lavt niveau. Priserne er på niveau med vores forventninger til Q1. Afgrøder Afgrødepriserne har været på et forventet niveau i Q1 2026. Der er afgrøder på lager som leveres i løbet af Q2. Vækstsæsonen har indtil videre været uden store udfordringer, og afgrøderne står generelt godt. Fokusområder i 2026 Fokus i 2026 fortsætter med indkøring af malkekvægsbesætningen i Slovakiet, opstart af mejeri, optimering af vandingsanlægget i Rumænien samt på produktivitetsforbedringer og stram omkostningsstyring i et år, som ser ud til at blive udfordret af lave priser. Med venlig hilsen FirstFarms A/S For yderligere information: Se venligst vores hjemmeside www.firstfarms.dk eller kontakt bestyrelsesformand Asbjørn Børsting på telefon 75 86 87 87. Om FirstFarms: FirstFarms er et dansk børsnoteret selskab. Vi dr...

Result for first quarter as expected FirstFarms A/S delivered an EBITDA of -7 mDKK and an EBIT of -23 mDKK during the first three months of the year. The result is as expected and follows the guidance for 2026. FirstFarms maintains the expectation for 2026 of an EBITDA in the range of 60-110 mDKK and an EBIT of -10-+40 mDKK. Revenue is reduced compared to same period last year from 102 mDKK to 73 mDKK, while EBITDA and EBIT has decreased by 19 mDKK. The most significant impact on revenue, EBITDA and EBIT was the low prices for milk and pigs. Milk During the period, FirstFarms produced 6,016 tonnes of milk compared with 7,736 tonnes in the same period last year. The herd has not yet returned to the same level as prior to the foot and mouth disease, and milk yield likewise remains below previous levels, as the herd currently consists of a very high proportion of first lactation cows. Production levels and rebuilding of the herd are progressing in line with the expectations. Pigs Revenue from piglets and slaughter pigs decreased compared with the same period last year. In Q1 2026, the sales price for 25 kg piglets was 391 DKK/pcs. compared with 534 DKK/pcs. in Q1 2025, while the price for slaughter pigs was 10.55 DKK/kg compared with 13.12 DKK/kg. Pig prices increased during Q1 but remained at a low level. Prices are on par with our expectations for Q1. Crops Crop prices were at expected level in Q1 2026. Crops in storage are delivered during Q2. So far, the growing season has progressed without any major challenges, and crop conditions are generally good. Focus areas in 2026 The focus in 2026 remains on the continued ramp-up of the dairy herd in Slovakia, the start-up of the dairy facility, optimisation of the irrigation system in Romania, as well as productivity improvements and strict cost management in a year that appears likely to be challenged by low prices. Best regards, FirstFarms A/S For further information: Please visit our website www.firstfarms.com or conta...

一家是高调操盘的连锁超市，一家是默默押注的AI独角兽。叶国富与名创优品完成了两笔截然不同的投资，它们在2026年一季度的利润表上迎面相遇。 5月26日，名创优品发布2026年第一季度财报：营收56.88亿元，同比增长28.5%；期内利润表上突然多了一笔耀眼的收益，让利润同比大增近200%至12.481亿元。这笔钱来自于公司早年的一笔AI行业投资，录得未实现、按市值计价收益8.746亿元。 而实际上，名创优品经调整净利润为6.33亿元，同比增长8.1%。换句话说，利润表里最亮眼的部分，不来自于名创优品和TOP TOY的门店，而是来自一家公司上市后的估值重估。 这家公司是稀宇科技MiniMax。 一家被外界视为十元店升级版的公司，早早投中一家大模型公司，这本身就有反差。更有反差的是，几乎在同一张利润表里，名创优品还在消化另一笔完全不同的投资：永辉超市。 2026财年第一季度，名创优品斥巨资收购的永辉超市，贡献了约7750万元投资收益，但与永辉收购相关的当季贷款利息为2300万元。2025年全年，名创优品分占永辉亏损8.127亿元。 更加有戏剧性的是，以历史估值推算，名创优品大概率是在2022年-2023年初，MiniMax估值仅为5-10亿美元时进入。叶国富先押注了AI，从未声张，一年之后才大张旗鼓地押注永辉超市。 MiniMax最新市值约2666亿港元（2307亿元），永辉超市市值340亿元。 不被理解的押注 时间倒回2024年9月，名创优品宣布以62.7亿元收购永辉超市29.4%的股权，一跃成为永辉第一大股东，创下当年国内实体零售领域最大单笔收购。 整个决策过程，叶国富只用了三个月。面对质疑，他说了一句话："大家都看不懂就对了，如果看得懂我就没有机会了。" 他看得懂的是胖东来，那家在河南客流、销售、口碑几乎完美的区域超市。叶国富希望通过永辉作为全国性的渠道载体，把胖东来模式放大；同时让名创优品的供应链能力反向渗透进永辉。他把这桩交易定义为"中国零售业20年一遇的结构性机会"，相信二者将在渠道升级和供应链上实现协同。 2025年3月，叶国富出任永辉超市改革领导小组组长，亲自下场，被业界戏称为永辉的事实CEO。 然后是现实的落差。 永辉2024年全年亏损14.65亿元；2025年情况进一步恶化，全年营收535.08亿元，同比下降20.82%；归母净利润亏损扩大至25.5...

2 CEOs, 1 AI Empire: Why Jensen Huang and Lisa Su Are on a Collision Course 24/7 Wall St.

When it comes to Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD), for a retirement-focused investor allocating capital today, which CEO and which silicon empire deserves the slot? Distant cousins Jensen Huang and Lisa Su run the two companies defining the artificial intelligence (AI) buildout, and the stocks have rewarded patience in very different ways. ... 2 CEOs, 1 AI Empire: Why Jensen Huang and Lisa Su Are on a Collision Course