格隆汇5月22日｜分析师Robert Cyran表示，马斯克的SpaceX准备以1.75万亿美元估值登陆公开市场，然而其招股说明书却深陷人工智能大话的“黑洞”之中，相当一部分问题来自xAI。xAI带来了极其庞大的资本开支需求，今年前三个月烧掉了77亿美元，较上年同期增长逾三倍，占SpaceX全部投资的四分之三以上，而一季度25亿美元的运营亏损足以拖累整个公司陷入亏损。此外，SpaceX与Anthropic达成了一项协议，后者正以每月约13亿美元的价格租用马斯克Colossus数据中心的闲置算力。考虑到xAI过去12个月收入仅略高于30亿美元，该部门主要业务实际上变成了出租闲置服务器。真正的问题在于，SpaceX核心AI业务并未获得明显进展，Grok在各类基准测试中落后于竞争对手，第一季度收入同比增长不足13%。与此同时，Anthropic预计单季度增长速度将达到前者的五倍。从某种意义上说，SpaceX确实是一艘“火箭飞船”。但从财务层面来看，它仍难以达到“逃逸速度”。

Caldwell Trust Co decreased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 323,722 shares of the computer hardware maker's stock after selling 10,682 shares during the period. NVIDIA makes up 5.4% of Caldwell Trust Co's holdings, making the stock its 2nd largest position. Caldwell Trust Co's holdings in NVIDIA were worth $60,374,000 as of its most recent SEC filing. A number of other institutional investors have also made changes to their positions in the stock. Joule Financial LLC grew its position in shares of NVIDIA by 2.2% during the 3rd quarter. Joule Financial LLC now owns 2,308 shares of the computer hardware maker's stock worth $431,000 after buying an additional 50 shares during the period. Presidio Capital Management LLC raised its position in shares of NVIDIA by 0.4% in the 4th quarter. Presidio Capital Management LLC now owns 15,137 shares of the computer hardware maker's stock valued at $2,823,000 after acquiring an additional 53 shares during the period. Vision Financial Markets LLC boosted its stake in NVIDIA by 1.2% during the 3rd quarter. Vision Financial Markets LLC now owns 4,640 shares of the computer hardware maker's stock worth $866,000 after acquiring an additional 53 shares during the last quarter. IMG Wealth Management Inc. boosted its stake in NVIDIA by 1.4% during the 3rd quarter. IMG Wealth Management Inc. now owns 3,820 shares of the computer hardware maker's stock worth $713,000 after acquiring an additional 54 shares during the last quarter. Finally, Cyr Financial Inc. grew its holdings in NVIDIA by 0.7% during the third quarter. Cyr Financial Inc. now owns 7,737 shares of the computer hardware maker's stock valued at $1,444,000 after purchasing an additional 54 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds. Get NVIDIA alerts: Sign Up Analysts Set New Price Target...

Cadence Bank trimmed its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 203,697 shares of the computer hardware maker's stock after selling 7,569 shares during the quarter. NVIDIA makes up 2.2% of Cadence Bank's investment portfolio, making the stock its 10th largest position. Cadence Bank's holdings in NVIDIA were worth $37,990,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds have also recently modified their holdings of NVDA. Opus Capital Group LLC increased its holdings in NVIDIA by 15.3% in the fourth quarter. Opus Capital Group LLC now owns 9,224 shares of the computer hardware maker's stock valued at $1,720,000 after buying an additional 1,225 shares during the last quarter. United Community Bank raised its stake in NVIDIA by 6.6% in the fourth quarter. United Community Bank now owns 21,970 shares of the computer hardware maker's stock valued at $4,097,000 after buying an additional 1,352 shares in the last quarter. Boyer Financial Services Inc. purchased a new stake in NVIDIA during the 4th quarter worth about $810,000. KTF Investments LLC acquired a new position in shares of NVIDIA during the 4th quarter worth about $34,489,000. Finally, Urban Wealth Management LLC acquired a new position in shares of NVIDIA during the 4th quarter worth about $6,359,000. Institutional investors and hedge funds own 65.27% of the company's stock. Get NVIDIA alerts: Sign Up Analyst Ratings Changes Several brokerages have recently weighed in on NVDA. Fundamental Research set a $218.00 target price on NVIDIA in a research report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $255.00 price target (up from $220.00) on shares of NVIDIA in a report on Thursday. Benchmark reissued a "buy" rating and set a $335.00 price obj...

Certuity LLC boosted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 951,652 shares of the computer hardware maker's stock after purchasing an additional 11,144 shares during the quarter. NVIDIA comprises about 8.0% of Certuity LLC's holdings, making the stock its 3rd biggest position. Certuity LLC's holdings in NVIDIA were worth $177,483,000 as of its most recent filing with the Securities and Exchange Commission. A number of other large investors have also bought and sold shares of NVDA. Norges Bank acquired a new stake in NVIDIA in the second quarter worth $51,386,863,000. Capital Research Global Investors grew its holdings in NVIDIA by 16.1% in the third quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker's stock worth $30,855,564,000 after purchasing an additional 22,896,705 shares during the period. Laurel Wealth Advisors LLC grew its holdings in NVIDIA by 15,496.1% in the second quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker's stock worth $3,454,534,000 after purchasing an additional 21,725,326 shares during the period. Danske Bank A S acquired a new stake in NVIDIA in the third quarter worth $3,180,313,000. Finally, Massachusetts Financial Services Co. MA raised its stake in NVIDIA by 25.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 71,720,593 shares of the computer hardware maker's stock worth $13,381,628,000 after buying an additional 14,358,048 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds. Get NVIDIA alerts: Sign Up Insider Buying and Selling In other news, Director Aarti S. Shah sold 19,000 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $176.71, for a total valu...

Boyer Financial Services Inc. bought a new position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,290 shares of the computer hardware maker's stock, valued at approximately $810,000. NVIDIA comprises about 0.9% of Boyer Financial Services Inc.'s investment portfolio, making the stock its 23rd biggest position. Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in NVIDIA during the 2nd quarter valued at about $51,386,863,000. Capital Research Global Investors grew its holdings in shares of NVIDIA by 16.1% during the third quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker's stock valued at $30,855,564,000 after buying an additional 22,896,705 shares during the last quarter. Laurel Wealth Advisors LLC increased its position in shares of NVIDIA by 15,496.1% during the second quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker's stock valued at $3,454,534,000 after acquiring an additional 21,725,326 shares in the last quarter. Danske Bank A S purchased a new position in NVIDIA in the 3rd quarter worth approximately $3,180,313,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in NVIDIA by 25.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 71,720,593 shares of the computer hardware maker's stock worth $13,381,628,000 after acquiring an additional 14,358,048 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock. Get NVIDIA alerts: Sign Up Analyst Ratings Changes NVDA has been the topic of several recent analyst reports. New Street Research cut their target price on NVIDIA from $307.00 to $275.00 and set a "buy" rating on the stock in a research note on Tuesday, March 31st. Weiss Ratings r...

Chapman Investment Management LLC decreased its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 45.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,422 shares of the social networking company's stock after selling 4,437 shares during the quarter. Meta Platforms makes up approximately 2.6% of Chapman Investment Management LLC's holdings, making the stock its 15th largest holding. Chapman Investment Management LLC's holdings in Meta Platforms were worth $3,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Meta Platforms by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock worth $132,015,115,000 after purchasing an additional 7,269,279 shares during the period. State Street Corp raised its stake in Meta Platforms by 1.9% during the second quarter. State Street Corp now owns 86,925,674 shares of the social networking company's stock worth $64,158,971,000 after purchasing an additional 1,650,435 shares during the period. Capital World Investors grew its position in Meta Platforms by 0.7% during the third quarter. Capital World Investors now owns 39,247,690 shares of the social networking company's stock valued at $28,823,375,000 after acquiring an additional 278,180 shares during the period. Invesco Ltd. raised its holdings in Meta Platforms by 0.8% in the third quarter. Invesco Ltd. now owns 17,153,754 shares of the social networking company's stock valued at $12,597,374,000 after buying an additional 142,229 shares during the period. Finally, Legal & General Group Plc raised its holdings in Meta Platforms by 4.1% in the third quarter. Legal & General Group Plc now owns 14,332,168 shares of the social netw...

SpaceX accounts for 16.2% of DXYZ’s portfolio, while VCX holds Anthropic at 20.7%, OpenAI at 9.9% and SpaceX at 5%. Traders work on the floor of the New York Stock Exchange during morning trading on April 13, 2026 in New York City. (Photo by Michael M. Santiago/Getty Images) Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Polymarket traders currently see the highest odds for a SpaceX IPO valuation between $2 trillion and $2.5 trillion. Kalshi traders currently place 92% odds on an OpenAI IPO this year and 69% odds on an Anthropic IPO. Deutsche Bank said projected IPO valuations appear stretched compared with Berkshire Hathaway, which generated over $350 billion in annual revenue last year. Retail investors are piling into Destiny Tech100 (DXYZ) and Fundrise Innovation Fund (VCX) as prediction market traders bet upcoming IPOs from SpaceX, OpenAI and Anthropic could debut at valuations rivaling or surpassing Tesla and Meta Platforms. On Thursday, DXYZ surged 27%, while VCX jumped 18%. Read Next Loading... Loading... Traders Bet On Massive SpaceX, OpenAI And Anthropic Debuts The speculation accelerated after SpaceX officially filed to go public on Nasdaq earlier this week, while OpenAI could also reportedly confidentially file for an IPO as soon as Friday. The excitement quickly spilled into publicly traded funds offering indirect exposure to late-stage private tech firms, particularly DXYZ and VCX, both of which hold stakes in the companies planning to go public. Prediction markets are increasingly pricing in a blockbuster SpaceX IPO that could rank among the largest public debuts in history. According to Polymarket, the single most likely outcome for SpaceX’s first-day closing valuation currently falls between $2 trillion and $2.5 trillion, with traders assigning a 37% odds to that range. Another 22% probability is attached to a valuation be...

Chicago Partners Investment Group LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 4.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 294,046 shares of the iPhone maker's stock after acquiring an additional 12,002 shares during the quarter. Apple comprises approximately 1.8% of Chicago Partners Investment Group LLC's investment portfolio, making the stock its 6th biggest holding. Chicago Partners Investment Group LLC's holdings in Apple were worth $72,935,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Apple by 0.4% in the first quarter. Vanguard Group Inc. now owns 1,400,790,809 shares of the iPhone maker's stock worth $311,157,662,000 after purchasing an additional 5,005,297 shares during the period. State Street Corp raised its holdings in Apple by 0.9% in the second quarter. State Street Corp now owns 601,249,995 shares of the iPhone maker's stock worth $123,358,461,000 after purchasing an additional 5,224,229 shares during the period. Geode Capital Management LLC raised its holdings in Apple by 1.4% in the second quarter. Geode Capital Management LLC now owns 354,749,794 shares of the iPhone maker's stock worth $72,506,336,000 after purchasing an additional 4,942,638 shares during the period. Norges Bank acquired a new stake in Apple in the second quarter worth $38,942,255,000. Finally, Northern Trust Corp grew its stake in Apple by 13.3% in the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker's stock valued at $42,918,365,000 after acquiring an additional 20,079,472 shares during the period. Institutional investors own 67.73% of the company's stock. Get Apple alerts: Sign Up Apple Price Performance AAPL stock opened at $304.99 on Friday. The stock has a 50-day moving av...

Cardinal Capital Management bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,332 shares of the e-commerce giant's stock, valued at approximately $1,000,000. Several other hedge funds have also recently made changes to their positions in AMZN. Brighton Jones LLC increased its stake in shares of Amazon.com by 10.9% in the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after acquiring an additional 397,007 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Amazon.com by 4.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after acquiring an additional 986 shares during the period. Bank Pictet & Cie Europe AG increased its stake in shares of Amazon.com by 2.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after acquiring an additional 54,987 shares during the period. Highview Capital Management LLC DE increased its stake in shares of Amazon.com by 5.5% in the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock worth $6,357,000 after acquiring an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC acquired a new stake in shares of Amazon.com in the fourth quarter worth $2,153,000. 72.20% of the stock is owned by institutional investors and hedge funds. Get Amazon.com alerts: Sign Up Amazon.com Stock Up 1.3% Shares of AMZN opened at $268.46 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $278.56. The stock's 50 day moving average is $238.43 and its tw...

The Sri Lankan rupee surged against the dollar, snapping a nine-day losing streak to become Asia’s best-performing currency on Friday. The rupee strengthened as much as 2.7%, its biggest gain since March 2023, reversing losses from Thursday when it slid to a three-year low . Sri Lankan authorities have been signaling potential measures to stabilize the currency. The government has already imposed an import duty surcharge on private vehicles, while the central bank previously said it intervenes in currency markets to curb volatility. The rupee continues to be Asia’s worst performer this month, having come under pressure from elevated oil prices and dollar gains. Higher dollar yields and some speculative trading have exacerbated the currency’s depreciation, Deputy Minister of Finance and Planning Anil Jayantha Fernando said Friday. Sri Lanka’s central bank has taken various steps to maintain financial stability, Fernando said without elaborating. The nation’s authorities may take more measures to protect the rupee, he said earlier on Thursday. “The Central Bank of Sri Lanka is likely to raise rates by 50 basis points to 8.25% on May 26,” according to Bloomberg economist Ankur Shukla . “Higher rates could support the currency.”

Source: Bloomberg, 0:00

文章提及标的 绿地控股 -- 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。

格隆汇5月22日｜摩根士丹利将慧与科技的目标价从25美元上调至33美元，维持“持股观望”评级。(格隆汇)

格隆汇5月22日｜5月21日，华赢集团(AXG.US)联合创始人兼行政总裁朱皓康博士率领旗下人工智能基础设施服务平台——华赢智能科技有限公司的团队高管赴安徽省芜湖市镜湖区进行深度考察交流。芜湖市镜湖区区委书记鲁先贵等区委、区政府领导热情接待了华赢集团考察团。双方围绕在镜湖区落地“AI+OPC孵化园区”、共同培育区域数字经济新动能等核心议题，展开了深入且富有建设性的座谈。

Barclays said Friday it left its 2026 average Brent crude oil price forecast unchanged at $100 per barrel, while noting that risks remain tilted to the upside. "Inventory trends are signaling a 6-8 (million bpd) ‌deficit ⁠with the U.S. inventories within reach of the lowest levels since 2020," the bank said, as per Reuters. Barclays said that even if the Strait of Hormuz ​were to ​fully reopen ⁠today, the starting point for inventories even in the most optimistic scenario ​will be roughly 20 million barrel ​below ⁠the tightest level in recent history. Meanwhile, demand remains largely resilient and any weakness in the end ⁠uses linked ​to industrial activity will ​likely recover strongly if supply normalizes quickly, the bank added. Brent futures ( CO1:COM ) were up 2.3% to $104.94/bbl at press time, as investors ​doubted the prospects of a breakthrough ​in U.S.-Iran peace talks, while the key Strait ⁠of Hormuz stayed closed. WTI crude ( CL1:COM ) added 1.8% to $98.05. ETFs: ( USO ), ( BNO ), ( UCO ), ( SCO ), ( USL ), ( DBO ), ( DRIP ), ( GUSH ), ( USOI ), ( UNG ), ( BOIL ), ( KOLD ), ( UNL ), ( FCG ), ( XLE ) More on Crude Oil Futures, Brent Futures, etc. Commodities: Lingering Iran Uncertainty Has Oil Prices Oscillating WTI Technical Analysis - The Deal Is Still Quite Unsure, Crude Oil Back Above $100 Commodities: Oil Drops As Hopes For Persian Gulf Resolution Grow Crude oil adds to losses as market remains sensitive to U.S.-Iran headlines Big 2022-style energy bailouts unlikely, TS Lombard says

【有線新聞】美國再解密一批UFO等不明物體、現象的檔案及影音，包括首次公開太空人描述在太空和月球看到不明現象的錄音。 1972年12月，阿波羅17號飛船載著3名美國太空人探月，亦是至今最後一次登月，除了歷史性意義，這次任務亦與太空的不明現象扯上關係。 美國阿波羅17號太空人埃萬斯：「我們有些很亮的粒子或碎塊，或甚麼東西在飛船機動時飄過。（收到，明白）」 施密特：「我窗外有一堆大點的光，朗（埃萬斯）那扇窗如獨立日煙花般。」 埃萬斯：「對，現在你可看到它們某些形狀，凹凸不平又起角的碎片在滾下來。(收到，是某種流體般嗎？)我不覺得，像一塊塊甚麼東西。(收到)它們很光，這些碎片大致上不是或是以很慢的速度滾下，我嘗試以不同設定拍下數張相片，你們便至少可知道形狀是像甚麼。」 他們與控制中心的對話記錄在月初解密的文件已完整公開，對所見的描述亦已流傳多時，這次公開錄音便可讓大家聽到他們的親身說法。 新解密的檔案亦繼續有其他UFO、UAP的影音，例如這段2022年8月的影片是在伊朗附近水域拍攝，可看到有數架快艇同時畫面下方出現，速度更快，似乎在水上飄過的物體。2022年8月則有一段不明物體以不規則方式飛行的影片，是在美軍歐洲司令部負責的某個地區拍攝。

在美国阵亡将士纪念日假期出行高峰来临之际，加利福尼亚州州长加文·纽森（Gavin Newsom）及其办公室因油价飙升问题，公开呼吁居民在假期周末避免前往 雪佛龙 （Chevron）加油站加油。此举标志着加州政府与跨国石油巨头围绕高油价责任归属的博弈进一步升级。 加州州长办公室通过社交媒体平台发布声明称，无品牌加油站的燃油与知名品牌产品源自相同的炼油厂、储油罐和管道，且符合相同的加州清洁标准。声明指责大型石油公司通过地缘政治冲突获取暴利，并呼吁消费者不要为品牌溢价过度买单。加州能源委员会的一项分析数据显示，雪佛龙的汽油零售价平均比无品牌替代品每加仑高出60至80美分。 作为反击，雪佛龙公司近期在加州各加油站张贴告示，将高油价归咎于加州政府实施的碳减排和气候政策。告示指出，加州政客的选择导致了对海外原油的依赖、本地就业岗位的流失以及生产成本的上升。雪佛龙发言人罗斯·艾伦（Ross Allen）重申，该宣传旨在让消费者了解加州政策对能源价格的实际影响。美国汽车协会（AAA）数据显示，加州当日平均油价为每加仑6.14美元，比美国全国平均水平高出1.58美元。加州能源委员会证实，加州对每加仑汽油征收约70美分的税款，税负水平位居全美之首。 责任编辑：龙运翔

5月22日03:23，一艘挂伊朗船旗的液体散货船“DALIA”驶出霍尔木兹海峡，但尚未突破美军封锁 当地时间2026年5月12日，阿曼马斯喀特阿拉伯海海域，民众在海滩休闲，远处可见等待穿越霍尔木兹海峡的船只。图：视觉中国

格隆汇5月22日｜有投资者在互动平台向佳驰科技提问：公司电磁材料、产品或技术可应用于半导体领域吗？有无形成收入？佳驰科技回复称，公司电磁材料、产品或技术主要应用于国防军工领域和民用电子信息领域，暂未涉及半导体领域。

Pradeep Thomas Thundiyil/iStock Editorial via Getty Images May’s flash PMI survey data show the eurozone economy taking an increasingly severe toll from the war in the Middle East. Output has now contracted for two successive months, job losses have become more widespread, and the region’s supply shock from the war is intensifying. Supply shortages threaten not only to constrain growth in the coming months but also have the potential to add further upward pressure to inflation, which the survey price gauges already hint at rising sharply in the coming months. Combined with the growing signs of the region slipping into an economic downturn, the coming inflation spike creates a deepening dilemma for policymakers. Output falls at fastest rate since October 2023 The Eurozone PMI, compiled by S&P Global, has moved deeper into contraction territory in May, according to the early ‘flash’ estimate. The PMI posted 47.5, down from 48.8 in April and below the 50.0 no-change mark for a second successive month. The latest reading signalled the sharpest downturn for just over two and a half years and indicates that the euro area economy looks set to contract by 0.2% in the second quarter. French firms signalled a particularly marked reduction in output during May, reporting the largest drop in output since November 2020, but business activity also decreased in Germany and across the rest of the eurozone as a whole. Service sector contracting at steepest rate since 2021 The service sector is being hit especially hard by the surge in the cost of living created by the war, notably via the demand-sapping impact of higher energy prices. However, consumer-oriented sectors such as travel and tourism are also being affected by the war, and financial services firms have noted the damaging impact of higher interest rate expectations. May consequently saw service sector activity decrease at the fastest pace since the COVID-19 disruptions in February 2021. Manufacturing aided by stockpiling ...

MF3d/iStock via Getty Images Animal spirits have been soaring in the area of artificial intelligence (AI), and the surge in spending has shown up in the figure above. It shows the fixed investment in information technology equipment and software as a percentage of GDP (ends in 2026Q1). The last two quarters of data saw a surge of about 0.4% of GDP. This is certainly impressive, although the impact on GDP may be less than what the above figure suggests due to the associated rise in imported silicon chips - buying foreign equipment to invest locally improves the capital stock but does not represent a rise in domestic production. (The exporting country is producing the goods.) This relates to one of the perennial online economics debates: do imports subtract from GDP? In addition to the statement “imports subtract from GDP” being mathematically correct, the cancellation of domestic spending does matter: there is a financial cost associated with buying foreign goods, and that financial cost can displace spending that would have been made on domestic production. For more information, the article , Tracking AI’s Contribution to GDP Growth, by Hannah Rubinton and Bontu Ankit Patro of the Saint Louis Federal Reserve, gives a more detailed breakdown of the effects of AI spending on growth. From a quick survey of publicly available research, there are arguments that the AI boom added 1% to American GDP growth, which is consistent with the linked paper (and the chart above). This helped insulate the U.S. economy from tariff shenanigans. I have no real expertise nor interest in forecasting the future of the AI industry relative to other sectors of the economy. My interests are on the macro side, and my feeling has been that this has been a sectoral boom. This matters a lot to the people, firms, and investors involved, but the number of people involved is a limited slice of the population. This is different from the 2000s housing boom - there are a lot of homeowners, and constru...

Key Points These two biotechs have important clinical catalysts on the horizon. Although their shares could soar over the next few years, they are fairly risky stocks. 10 stocks we like better than Abivax Société Anonyme › The famously volatile biotech industry can help investors earn substantial returns in relatively short periods, so long as they pick the right companies. Take Abivax (NASDAQ: ABVX) and Viking Therapeutics (NASDAQ: VKTX), two biotechs that have grown in prominence in recent years. These two drugmakers could see their shares double over the next four years -- for a compound annual growth rate of about 19% -- provided they can make significant headway with their leading pipeline candidates. Here's the rundown. 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. Abivax Abivax is a clinical-stage biotech developing a promising product called obefazimod. This drug could enter the market for ulcerative colitis (UC) medicines if it earns approval. Although it is a highly competitive area, obefazimod has shown tremendous potential so far. Unlike some traditional immunosuppressants used to treat UC, which leave patients vulnerable to various infections, obefazimod does not broadly weaken the immune system. Obefazimod aced a phase 3 clinical trial in patients with moderate-to-severe UC, about 47.3% of whom had had inadequate responses to prior therapies. These results highlight the fact that obefazimod could be just as effective as its competitors (or even more so) while limiting side effects. That's why it looks so promising. But could Abivax's shares really soar by 2030, especially considering they have already gained significant value over the past two years? Potentially, yes, and that will depend on upcoming clinical and regulatory milestones. Abivax should release data from a phase 3 m...

格隆汇5月22日丨阿联酋工业和先进技术部长、阿布扎比国家石油公司（ADNOC）CEO苏丹·贾比尔表示，将投入1500亿美元用于能源领域资本支出。他指出通过霍尔木兹海峡的石油流量需要4个月左右才能恢复到战争前水平的80%，全面恢复至少要到2027年第一或第二季度。

格隆汇5月22日｜东吴证券研报指出，璞泰来新增基膜扩产规划，推动市占率进一步提升。公司拟投资56亿元建设72亿平隔膜产能，有利于公司充分利用设备自主优势，实现基膜产能规模的快速发展，提升涂覆隔膜的一体化水平，实现基膜及涂覆加工业务协同发展和市场占有率的同步提升。公司设备自供技术+成本领先、新增产能28年贡献增量。出货端，公司26年出货我们预计达20-22亿平，满产满销，后续四川卓勤20亿平新增产能26H2投产，27年出货我们预计40-50亿平，28年有望翻倍增长，实现公司基膜+涂覆膜市占率双重提升。负极新产品26年贡献增量、成本上涨预计可传导。考虑公司负极、隔膜、功能性材料多点开花，给予26年30xPE，目标价47元，维持“买入”评级。

格隆汇5月22日｜有投资者在互动平台向时代电气提问：目前，宜兴8英吋IGBT产线的良率是多少？时代电气回复称，IGBT三期宜兴产线已经达到设计产能，主流产品良率在业界平均水平之上。

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英国4月政府借款规模达243亿英镑，超出市场预期，创下2020年以来财年开局最差纪录。正值斯塔默身陷执政危机之际，该数据凸显出英国财政面临巨大压力。 英国国家统计局周五公布的数据显示，当月借款额较去年同期高出49亿英镑，也高于财政预算责任办公室预估的209亿英镑。 另有数据显示，受中东冲突引发能源冲击、居民消费意愿下滑影响，英国4月零售销售额大跌1.3%，跌幅超出预期，首相府面临的经济困境进一步加剧。 执政党工党内部动荡不安，债券投资者对此忧心忡忡，担忧领导层更迭会推高财政支出，进而抬升政府借贷成本，惨淡经济数据加剧了市场不安情绪。 资本经济学咨询公司经济学家鲁思・格雷戈里表示：“零售销量下滑、政府借款超标，意味着经济增长前景走弱，财政基础愈发脆弱，无论谁执掌首相府都将直面这些难题。” 自2月末中东冲突爆发以来，英国借贷成本大幅攀升。交易押注英国央行或将加息，以此应对通胀冲击。 早盘债券市场对此反应平淡，英国10年期国债收益率下跌0.04个百分点，报4.93%，走势与其他债券市场趋同，收益率与债券价格呈反向变动。 英国国家统计局数据指出，社保福利等政府开支超预期，是4月财政赤字走高的主要原因。 借贷成本上涨持续加重财政负担，未经通胀调整的4月债务利息支出达103亿英镑，创下历年同期新高。 衡量日常收支、也是英国财政大臣里夫斯财政考核核心指标的当期预算赤字，4月为174亿英镑，超出财政预算责任办公室预测值26亿英镑。 统计局数据显示，受油价飙升抑制消费的影响，民众3月集中囤油后，4月汽油消费明显缩减。 此次零售销售额跌幅远超经济学家预判的0.6%，同时3月零售增速也被下修至0.6%。 责任编辑：江学思

财联社5月22日讯（编辑 童古） 以下为各家机构对港股的最新评级和目标价： 中金公司：维持禾赛-W 跑赢行业评级 目标价 217.00 港元 中金公司就禾赛-W(02525.HK) 发布研报称，1Q26 激光雷达出货量同比大增 141%，其中机器人业务贡献新增长曲线，中国车载主激光雷达市场份额达 55%。进入奔驰 L3 级自动驾驶供应链标志全球化加速。虽然产品结构变化致毛利率小幅回落，但新品量产与技术降本将支撑未来盈利水平稳健。 交银国际：维持禾赛-W 买入评级 目标价 269.66 港元 交银国际就禾赛-W(02525.HK) 发布研报称，1Q26 出货量超指引上限，全球化取得重大突破，成为奔驰 L3 级自动驾驶确认供应商。战略增长业务（SGI）预计 2Q26 开始贡献收入，开启新增长周期。泰国工厂建设稳步推进以支撑全球产能，出海放量与新业务拓展驱动长期增长潜力。 招商证券 (香港)：上调蔚来-SW 买入评级 目标价 55.00 港元 招商证券 (香港) 就蔚来-SW(09866.HK) 发布研报称，1Q26 业绩超预期主要得益于毛利率显著改善至 19.0%，创近年新高。成本削减措施具可持续性，解决了此前对运营费用过高及其他业务低毛利的担忧。ES8 销售势头强劲，且高端品牌形象赋予其在原材料涨价环境下更强的议价能力，预计 2027 年将实现盈利。 招商证券 (香港)：维持三一国际买入评级 目标价 18.90 港元 招商证券 (香港) 就三一国际 (00631.HK) 发布研报称，尽管 1Q26 净利润因高毛利路面机械销量下滑及太阳能业务亏损扩大而同比下降 20%，但符合市场预期。矿用卡车收入激增 65%，占比提升至 27%，大型港口设备收入亦大幅增长 74%。鉴于矿卡占比提升带来的结构性增长前景，长期观点依然积极。 中金公司：维持阿里巴巴-SW 买入评级 中金公司就阿里巴巴-SW(09988.HK) 发布研报称，阿里云峰会发布全栈 Agent 产品，构建“芯 - 云 - 模型 - 推理”基建。自研真武芯片完成规模化验证，成为拉开差距的核心抓手。千问旗舰模型 Qwen3.7-Max 性能领先，开源生态繁荣。云产品重构适配 Agent 自主运行，有望释放业务价值与盈利潜力。 中金公司：维持网易-S 跑赢行业评级 目标价 265.00 港元 中金公司就网易-S(0999...

财联社5月22日讯（编辑 冯轶） 继英伟达本周公布超预期业绩后，港股AI主线热度重燃，今日AI应用概念领涨市场。 截至发稿，智谱(02513.HK)受纳入港股通预期提振涨超20%，MiniMax-W(00100.HK)涨超13%，滴普科技(01384.HK)等一批个股均大幅跟涨。 短线而言，随着英伟达公布最新季报出炉，并给出高于预期的第二财季指引，令港股AI主线行情再度获得市场关注。 财报显示，英伟达截至2026年4月26日的一季度营收816.2亿美元，同比增长85%，且预计二季度营收为910亿美元。 而从趋势上看，2026年以来，头部模型厂迭代进程加快，Token经济产业链持续站上风口。 且与算力建设面临硬件、能源等物理因素制约不同，AI应用领域的提效空间广阔，将更有利于商业化落地。 近日，智谱就首次公开了一项在生产集群中验证过的架构创新-ZCube组网架构，可在不增加一块GPU的基础上，多榨出15%算力。 另据“网信中国”披露，截至4月30日，我国累计有868款生成式人工智能服务完成备案，530款生成式人工智能应用或功能完成登记。 来自中泰国际的研究显示，受益Token调用量指数级爆发，产业正进入规模化落地阶段。技术迭代使单Token成本大幅下降，国产模型性价比优势也催生Token出口新机会。 据IDC此前预测，全球年度Token消耗量将由2025年0.0005Peta Token升至2030年15万Peta Token，CAGR增速达3418%。 此外，恒生指数公司即将公布最新季度检讨。 市场还普遍预期智谱和MiniMax有望纳入恒生科技指数及综合指数，随即也将获得被纳入港股通的资格。 国泰海通表示，考虑到南向资金和美元流动性有望持续保持充裕，将为后续入通标的收益表现提供支撑。