Baron Durable Advantage Fund Added Microsoft Corporation (MSFT) on the Back of Short-Term Volatility Yahoo Finance

The Massachusetts Institute of Technology reported major declines in federal research funding and graduate-school enrollment after the Trump administration targeted elite colleges across the US. Campus research funded by federal money is down by more than 20% compared with this time last year, MIT President Sally Kornbluth said in a message Thursday. New awards are down by a similar amount, she said. “Counting federal and non-federal sources together, our campus sponsored-research activity is now 10% smaller than it was a year ago,” Kornbluth said. “That is a striking loss for one of the most influential and productive research communities in the world.” President Donald Trump and the White House have targeted some of the most prestigious schools in the US in his second term, cutting off federal research funding and other streams of revenue. The school is aggressively pursuing other sources of funding, including corporate partnerships and new educational offerings like master’s-only programs, according to Kornbluth. Graduate-school enrollment across most programs has also dropped materially, excluding the Sloan School of Management and another program that are still enrolling new students, Kornbluth said. She detailed that new entrants for next year are down close to 20%, meaning that outside of Sloan — the university has 500 fewer graduate students. “The fact is that we’re looking at a real drop in research being done by the people of MIT. It’s a loss of momentum for faculty and students,” said Kornbluth, who called the challenges a “loss for the nation” given the potential decline in the supply of future scientists.

Alexey_Fedoren Jefferies started coverage of AI data center developers Cipher Digital ( CIFR ), Hut 8 ( HUT ), Riot Platforms ( RIOT ), and TeraWulf ( WULF ) on AI data center pivot from Bitcoin mining roots. "These companies are converting large power footprints (originally secured for BTC mining) into AI data center capacity. While neoclouds like CRWV were early partners, many have since signed deals with IG [Investment Grade]-rated hyperscalers or secured parent guarantees. We see material upside on leasing and development execution. Buy: CIFR, HUT, & WULF; Hold: RIOT," said analysts led by Jonathan Petersen. The analysts said that these companies have access to the scarcest input in today's AI data center market: deliverable power. AI data centers are materially more power-dense than legacy cloud infrastructure, and as hyperscalers race to train and deploy models, time to delivery has become the binding constraint. Demand is flowing to wherever power can be mobilized quickly, and this group, having secured large power footprints originally built for Bitcoin mining, is uniquely positioned to capitalize, according to the analysts. But owning power is only the starting point. These stocks still trade with some correlation to Bitcoin sentiment, and the path to infrastructure multiples runs through delivery credibility, tenant credit quality, and financing execution, none of which are fully proven at scale across this group. The 2026-to-2027 period is the first window in which contracted MW should translate into reported AI cash flows, and we see that inflection as the primary re-rating mechanism. Tenant credit quality, location durability, and development execution will determine the pace and magnitude of that rerating across the group," said Petersen and his team. Cipher Digital ( CIFR ) Jefferies initiated coverage of Cipher with a Buy rating and a $32 price target. The analysts said that they have rated Cipher a Buy given its ability to secure commitments from a ...

格隆汇5月14日｜欧洲地中海地震中心：哥伦比亚地区发生5.5级地震。

Source: Bloomberg, 0:00

美国具身卷到飞起，明星企业Figure再整新活： 这一次，他们让机器人进厂打工， 8小时 不间断直播放送。 目前全网热度爆炸，已经吸引超两百万网友围观。 无剪辑、完全现场实录，enjoy～ 首先主角依旧老选手——搭载Helix 02大脑的 Figure 03 。 三台同型号机器人（Gary、Bob、Frank）在零人工干预的情况下，进行完全自主的轮班制流水线工作。 干的还是快递分拣员的活儿：拾包裹→检测条形码→翻转条形码朝下→重新放置包裹。 任务相对简单，但重在考验机器人的长时间耐力。 至于分拣快递这回事，Figure机器人已经是轻车熟路。之前放出的是相同任务的1小时工作demo，现在直接拿下稳定编制8小时，甚至 时长还在无限累加 …… 网友们甚至发起讨论：这是要连续干一周的节奏？ 不过说归说，8小时直播还是有很多细节值得细品～ 比如网友们发现，Figure 03怎么干一会就要挠挠头，这怕不是印度老哥伪装的吧。（doge） 8小时直播机器人进厂 事实上，这场直播事发突然，几乎无预告空降。 还是源自一出戏剧性的网络battle。 机器人领域布道专家Scott Walter公开质疑，人形机器人如果不能在无人干预的情况下完成一整个工作班次（8小时），其商业价值就非常有限。 于是Figure老板Brett Adcock回呛道： 我们每天如此。 说干就干，第二天直播online。 机器人大脑采用的是Figure最新自研的 Helix 02 ，一套统一的视觉运动神经网络，可以让机器人完成全身一体化控制，包括行走、操作和平衡。 所有的视觉、触觉和本体感知传感器都被直连到全部执行器上，换言之， “感觉、思考、行动” 都被统一成同一件事来办。 其中关键在于，一个基于人类数据的全身控制系统 System 0 ，它拥有超过1000小时的人类运动数据，并结合仿真到现实（sim-to-real）的强化学习训练。 具体来说，System 0利用单个神经网络先验，替换了109504行手工编写的C++代码，以实现机器人每一个动作都能稳定自然。 同时借助Figure 03内置的触觉感知和手掌摄像头，Helix 02能够完成更多精细操作任务，比如从药盒中取出单个药片、从注射器中精确导出具体体积的液体、从杂乱环境中分离小型不规则物体等。 机器人本体则使用的是最新一代人形机器人 Figure 03 ，专为...

格隆汇5月14日｜本周霍尔木兹海峡的通行量有所增加，但分析师警告称，更多船舶在通行期间关闭了自动识别系统(AIS)追踪信号。据航运专业媒体《劳埃德船舶日报》(Lloyd's List)指出，随着地区风险持续高企，油轮业主正为长期的航运中断做准备。目前的通行量仍远低于冲突前的水平。当时，每天约有130艘船舶通过该海峡，承载着全球约20%的石油和天然气供应。

Torsten Asmus Fixed income investors should focus on income rather than broad spread compression as the macro backdrop remains clouded by supply-side inflation, policy uncertainty and geopolitical risk, according to BlackRock. In its Q2 fixed income outlook, BlackRock said the market is caught between elevated uncertainty and the most attractive yield opportunity in more than a decade. The firm’s preferred approach is what it calls dynamic patience: building income deliberately, staying tactical on duration and deploying capital when volatility creates better entry points. The key distinction is between yield and spread. BlackRock said credit spreads are near the 5th percentile of the past eight years, leaving little room for investors to rely on spread compression as a major source of return. But all-in yields have risen alongside rates, creating more attractive income opportunities across securitized assets, European credit, emerging markets and other parts of the fixed income universe. A diversified income-oriented approach can potentially generate yields north of 6% today, compared with roughly 4.6% for the U.S. Aggregate, BlackRock said. The firm added that high-quality, carry-focused portfolios can deliver five times the real income of a cash allocation. That makes carry more important as the market absorbs an energy-driven supply shock. BlackRock said the escalation in Middle East tensions drove large moves in front-end rates and oil prices, while widening in U.S. investment-grade and high-yield spreads remained relatively contained. That resilience underscores solid credit fundamentals, but also shows that investors are receiving narrow compensation for taking broad spread risk. BlackRock’s conclusion is that fixed income remains attractive, but only with more precision. The firm favors carry, securitized credit, selective high yield, mortgages and cross-market relative value, while avoiding large directional duration bets. Treasury ETFs: ( TLT ), ( TLH ), (...

Marvell Tech (+8.2%): BofA’s $200 Target & AMD Stake Fuel AI-Driven Rally Trefis

格隆汇5月14日｜美国4月份零售销售额增速放缓，表明高油价促使消费者在某些领域减少支出。数据显示，上月零售额增长0.5%，此前3月份的增幅经修正为1.6%。若不计入加油站销售额，则4月增长0.3%。由于这些数据未经通胀调整，因此增长可能反映的是物价上涨而非销量增加。13个类别中有9个类别实现了增长。4月份，体育用品商店、在线零售商和电子产品商店的销售额均有所上升。汽车销量则有所下降。由于油价飙升，加油站的收入增长了2.8%。杂货的支出也大幅增长，这可能反映了当月食品价格的上涨。所谓对照组销售额(该指标用于政府计算季度GDP中的商品支出)增长了0.5%。该指标不包括食品服务、汽车经销商、建材商店和加油站。

AI 圈现在招人，连岗位名字都透着点不寻常。 最近，Claude 母公司 Anthropic 挂出了一个让人一头雾水的职位： 应用 AI Claude 布道师（Applied AI Claude Evangelist）。 从职位描述看，这份工作的待遇相当可观： 年薪 24 万到 31.5 万美元 ，折合人民币最高大约 210 万元。要求也不低，至少 7 年工作经验，最好有技术型创始人，或者初创公司核心员工的背景。 这个岗位的日常工作，主要是代表 Anthropic 出现在风险投资机构、初创公司创始人和加速器面前， 承担公司门面的角色。同时，它还要负责开发者入门引导、产品演示和教程制作，并把外部反馈传回内部团队。 其中一项职责写得很具体：设计并开展动手技术课程，让开发者在一场活动中，从好奇 Claude 到真正开始用 Claude 构建产品。 由于这份工作涉及大量线下活动，Anthropic 对候选人的现场表达能力要求很高。招聘信息里甚至明确写道， 优秀候选人需要具备「掌控全场的能力」。 普通吃瓜群众看到「布道师」三个字，第一反应可能是：这也太中二了。都什么年代了，用个 AI 模型，怎么还搞得像要去罗马教廷一样？ 但这事儿，还真不是 Anthropic 在故弄玄虚。在科技圈，「布道师」某种程度上还是有其存在的意义，甚至可以简单粗暴地理解为战功最显赫的「销冠」。 把时钟往回拨四十年前，1983 年，苹果还在被 IBM 按在地上摩擦，第一代 Macintosh 电脑可怜巴巴地只有 128K RAM，连个硬盘都没有，第三方软件生态基本是一片荒漠。 苹果临时市场总监 Mike Murray 在 Macintosh 部门 率先创造了「软件布道师」 （Software Evangelist）这个称谓，并指派 Mike Boich 担任第一位 Macintosh 软件布道师。 Boich 是 Macintosh 128K 原始开发团队成员，他的签名甚至被铸入了第一代 Macintosh 的机箱内侧。Boich 随后将盖伊·川崎（Guy Kawasaki）引荐进苹果，那时乔布斯对 Boich 说：「你可以雇 Guy，但你要用你自己的工作来担保。」就这样，川崎成了苹果的第二位软件布道师。 Guy Kawasaki 川崎穿着一件写着「每周工作 90 小时，乐此不疲」的卫衣，日常工作是说服...

US equity futures were rising pre-bell Thursday as technology stocks drove new record highs for the

财联社5月14日讯（编辑 冯轶） 今日港股高开低走，截止收盘，恒生指数平收，国企指数跌0.2%，恒生科技指数跌0.35%。 【恒指冲高回落抛压显现 场内多头再度谨慎】 盘面上，今日大型科网股受隔夜中概股行情带动高开，但随后持续走弱。收盘阿里巴巴涨近4%，百度涨超2%，美团由涨转跌超，腾讯、小米飘绿。 其他方向上，半导体、生物医药、黄金股跌幅居前。油气、汽车、金融等板块也表现较弱。 相对的，家电、航运等传统产业走强，锂电等部分景气度较高的行业走出独立行情。 整体上看，随着港股短线行情分化，场内再度出现抛压。 今日恒指全天成交3067.02亿港元，盘中一度摸高至26800点上方，但全天回落走势仍表明多头再度谨慎。 沽空方面，总沽空金额达340.2亿港元，相当于恒指成交额的11.09%，沽空强度低位徘徊。 腾讯控股、阿里巴巴-W、美团-W沽空金额位居前三，分别为32.04亿港元、20.86亿港元、15.07亿港元。 【AI主线释放调整压力 短线资金避险情绪升温】 行情层面，今日AI主线再度转弱，成为调整的主要压力来源。 值得关注的是，由于腾讯、阿里绩后均有提升AI相关资本开支的表态，做多情绪一度亢奋。但从走势上来看，目前市场对AI高景气的博弈非常关注业绩兑现能力。 此外，恒科指数今日也明显收到调整影响，科网股未能接力隔夜中概股的强劲走势，也对市场情绪形成拖累。 另一方面，凯文沃什当选美联储主席，受美国4月通胀数据打破降息预期影响，叠加中美会晤、美伊谈判等事件，短线资金也有避险观望需求。 据高盛和美银预计，美联储比预期更晚降息，至少今年年底前将按兵不动。 【A股高位放量巨震 机构关注情绪性修复机会】 此外，今日A股也是放量巨震，创业板指、深成指跌超2%，沪指失守4200点。 沪深两市成交额3.36万亿，较上一个交易日放量1222亿。盘面上，市场热点较为杂乱，全市场超4300只个股下跌。大消费板块表现活跃，表明市场防御心态升温。 展望后市，银河证券认为，前期热门AI概念股已出现明显回调，短期回调压力仍在，5月或有新模型发布，建议分批布局半导体设备、存储芯片龙头。此外，地缘溢价回落，能源板块短期承压，建议关注关注科技、地产等利率敏感型板块的情绪修复机会。

Micron Technology (NASDAQ:MU) is the ticker dominating every memory-cycle headline right now, with traders piling into the assumption that DRAM and NAND pricing will ride the AI buildout straight up. But here’s what you should actually be watching. Memory is, and always has been, a commodity. DRAM and NAND pricing is set by global supply, ... Everyone’s Talking About Micron. Smart Money Is Watching This Stock Instead

Everyone’s Talking About Micron. Smart Money Is Watching This Stock Instead 24/7 Wall St.

韩国泰韩电缆与解决方案公司近日宣布，已从挪威DOF集团收购第二艘电缆铺设船，以满足全球电网互联基础设施日益增长的需求，进一步强化其在海上风电及海底电力电缆安装领域的竞争力。 双船队体系成型 此次收购的船舶为万吨级“Skandi Connector”号，建于2016年，具备DP2动力定位系统，单次可装载约7000吨海底电缆。该船由荷兰达门船厂设计，此前已在全球27个项目中累计铺设约1300公里电缆。船舶预计于2026年8月交付韩国，8月正式投入运营。 Skandi Connector将与泰韩于2025年收购的首艘海上风电专用CLV“Palos”号组成双船队体系。泰韩表示，这使其能够根据项目特点和施工环境灵活调配最优船舶，实现“双轨制”施工。 强化一体化服务能力 此次收购后，泰韩已建立起覆盖海上风电阵列内电缆、出口电缆安装，以及长距离电网互联和高压直流输电网络施工的完整能力。加上旗下海底施工子公司Taihan Ocean Works，公司实现了从电缆设计、制造到运输、安装的全产业链垂直整合。 泰韩方面表示：“通过增购CLV，我们已具备同时执行海上风电项目和长距离电网互联项目的施工体系。基于Palos和Skandi Connector，我们将稳定执行国内外海底电缆项目，持续增强全球市场竞争力。” DOF集团方面则表示，此次出售符合其聚焦综合海底服务核心业务的长期战略。 责任编辑：张俊 SF065

财联社5月14日讯（记者 吴蔚玲） 一季度营收净利润双增长，在 金龙鱼 （300999.SZ）今日召开的业绩会上，投资者围绕原材料价格波动、产品提价计划、下属子公司诉讼进展等问题频频发问。公司董事兼总裁穆彦魁在会上回应表示，公司对产品提价相对谨慎，下属子公司益海（广州）粮油工业有限公司（下称“广州益海”）案件正在二审审理中，对公司财务影响仍有不确定性。 “公司的部分原材料成本受到价格上涨的影响。”穆彦魁在业绩会上坦言。 受原油价格、气候等多因素影响，国际大豆价格被拉动抬升，运费、包装材料等价格也出现不同程度上涨。百川盈孚数据显示，截至4月24日收盘，4月CBOT大豆期货主力合约收盘价格1178.5美分/蒲，较年初上涨12.69%。 在此背景下，公司是否会对产品提价受到投资者关注。穆彦魁对此表示，公司部分产品是主要满足居民家庭消费的民生类产品，在行情没有巨大变动的情况下，尽可能会维持较为稳定的价格。产品价格的调整，通常会根据各个品种的原料、行情、市场竞争力、消费力等多方因素综合考虑后，决定调整价格的时机以及调整的幅度，相对比较谨慎。 “公司会做好原材料采购管理及成本控制，努力减少原材料波动对业绩的影响。”公司副总裁邵斌称。 除了成本波动，广州益海的诉讼进展是投资者关注的另一焦点。2025年财报显示，广州益海基于谨慎性原则对一审判决结果进行了会计处理，影响公司当年净利润减少约2.61亿元。 穆彦魁在会上表示，广州益海已对一审判决提起上诉，目前案件正在二审审理中，最终判决结果及对公司的财务影响仍具有不确定性。 “公司将持续跟进相关诉讼进展。如果二审仍然维持原判，公司将坚定支持广州益海依法向最高人民法院提起再审申请。”穆彦魁说。 其他业务方面，谈及中央厨房食品园区项目，穆彦魁表示，该项目正在按计划稳步推进。杭州、周口、重庆等多地的园区均已投入运营，但该项目目前仍处于发展初期，其盈利能力的释放仍需要时间和市场培育。 大健康品牌“金龙鱼丰益堂”方面，穆彦魁介绍，目前已推出覆盖不同消费场景和人群的强功能性产品矩阵，产品已经在京东、盒马、胖东来等线上线下渠道销售，并初步建立市场认知。

财联社5月14日讯（编辑 夏军雄） 周四，美股股指期货上涨，道指有望重新站上5万点大关，此前思科公布强劲财报，同时中美领导人举行关键会晤也提振了市场情绪。欧洲主要指数普遍上涨。 （来源：英为财情） 盘前公布的数据显示，美国4月零售销售环比增长0.5%，为1月以来新低，预估为0.5%，前值为1.7%。 思科股价在盘前交易中大涨15%。此前，这家软件和网络设备巨头公布了好于华尔街预期的第三财季业绩和业绩指引，并宣布将裁减近4000个岗位。 思科的大涨推动道指期货走强，使其有望重新收复今年早些时候触及的5万点关口。 在前一个交易日，标普500指数和纳斯达克综合指数仍双双创下盘中和收盘历史新高。尽管中东冲突持续、油价维持高位并加剧投资者对通胀的担忧，美股依然延续涨势。 展望后市，投资者Peter Mallouk认为，芯片股仍有进一步上涨空间。 “这基本上一直是一轮由科技股驱动的长期牛市……这种增长源于盈利预期，而不是真正的投机泡沫。我认为芯片股整体实际上被低估了，因为这是一个超级趋势……需求远远领先于供应能力，因此这一行情还有很大的上涨空间，”Mallouk表示。 英伟达盘前上涨超2%，过去两个月已累计上涨25%。 公司消息 【苹果公司据悉探索将AI智能体整合至应用商店】 据报道，苹果公司正探索如何更好地将AI智能体整合到其应用商店中。苹果预计将于下个月举行的年度开发者大会上大力推进其AI战略。 【微软在OpenAI合作项目上投入逾1000亿美元】 微软负责交易事务的高管迈克尔·韦特（Michael Wetter）当地时间5月11日证实，微软公司已在其与OpenAI的合作关系上投入了超过1000亿美元，这一数字涵盖了微软最初对OpenAI的投资，以及为OpenAI搭建基础设施和提供计算托管服务所产生的成本。韦特表示，这是截至当前财年（将于6月结束）的累计投入总额。 韦特指出，其中许多成本是在尚未获得任何营收之前就已经产生的。“我们需要在向OpenAI提供服务之前，就预先搭建好Azure的基础设施，”他说道。Azure是微软旗下的云计算部门。 【AI芯片公司Cerebras公布IPO定价，拟募资超55亿美元】 当地时间5月13日，AI芯片独角兽Cerebras Systems公布其首次公开募股（IPO）定价，公司计划以每股185.00美元的价格发行3,000,000股A类普通...

The Guardian’s picture editors select photographs from around the world Continue reading...

Formula Systems ( FORTY ) declares $13.045/share special dividend . Payable June 4; for shareholders of record May 25; ex-div May 25. See FORTY Dividend Scorecard, Yield Chart, & Dividend Growth. More on Formula Systems Financial information for Formula Systems

Broadcom (AVGO) Valuation Check After Strong Multi Year Returns And Premium P/E Multiples simplywall.st

The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins.

Image source: The Motley Fool. Thursday, May 7, 2026 at 10 a.m. ET Need a quote from a Motley Fool analyst? Email pr@fool.com Continue reading

I am opening with the verdict because the setup matters. Credo Technology (NASDAQ:CRDO) has staged one of the most explosive rallies in the AI infrastructure complex, but our proprietary model suggests the run has gotten ahead of fundamentals. Our 24/7 Wall St. price target for Credo is $174.53, against a current price of $198.57. That ... Price Prediction: This Is Where Credo Could Move This Year

Florida & Texas Lead Jobless Claims Rebound From Near Record Lows The number of Americans filing for unemployment benefits for the first time rose last week to 211k (more than the 205k expected), but remain well within the range of the last five years, near record lows... Source: Bloomberg Florida and Texas saw the biggest rise in initial claims while California and Michigan saw the largest declines... Continuing jobless claims also rose modestly last week, up to 1.782mm Americans (but still well below the 1.9mm Maginot Line)... Source: Bloomberg Combined with last week's positive payrolls print (and this week's surging inflation data), expectations for Warsh rate-cuts have now evaporated (market expects 10bps of hikes in 2026). Tyler Durden Thu, 05/14/2026 - 08:54

phakphum patjangkata/iStock via Getty Images If you follow me on Seeking Alpha, you probably already know that I like investing for passive income, especially now that I am retired from a 42-year career in information technology. I call my approach my Income Compounder portfolio due to the strategy that I like to employ that includes buying stocks and funds “on sale” that offer steady, mostly monthly distributions, and then reinvesting those distributions to grow my future income stream. With the US stock market setting all-time highs in 2026, one category of investments that is often overlooked by US investors is the asset class that includes global equities and/or emerging markets fixed income. I believe that a well-rounded income portfolio should include at least a small allocation to global securities. In that vein, I would like to suggest that a position in the Lazard Global Total Return & Income Fund ( LGI ) might be worth considering. This CEF (closed-end fund) from Lazard offers a current yield of 10.3% and typically trades at a discount to NAV (net asset value). With an inception date of April 2004, LGI has delivered an annual average total return of over 8% for 22 years and over 28% return in the last one year (as of April 30, 2026), as shown on the fund website. Lazard Even though the fund currently trades at a very small discount, the potential for some capital appreciation remains along with a steady, monthly distribution as long-term capital gains support the payout along with NAV growth. With ongoing uncertainty in the US market and rising inflation due to higher oil prices, the opportunity to acquire shares of LGI at a relatively low price makes this fund a Buy in my opinion. I own some shares of LGI in my personal Income Compounder portfolio and have been accumulating during market dips. The Bull Thesis for Global Securities in 2026 According to JP Morgan in their mid-year outlook , the recent fragmentation in global economies offers an opportunity ...

(RTTNews) - Stocks may move to the upside in early trading on Thursday, with the tech-heavy Nasdaq poised to add to the strong gain posted in the previous session. The major index futures are currently pointing to a higher open for the markets, as the S&P 500 futures are up by 0.

Phunware ( PHUN ) announced on Thursday a leadership transition and appointed Dmitry Kroshka, who has served as a senior advisor to the company since October 2025, as chief executive officer, or CEO, effective immediately. The company stated that he will now lead the company’s 2.0 strategy, with a focus on converting Phunware’s mobile, location-aware, and customer engagement capabilities into a unified, AI-enabled platform for complex physical environments. The company added that Jeremy Krol, who has served as interim CEO, will return to his chief operating officer role. Additionally, Phunware has engaged Build Something Product Group, or BSPG, to help lead the company’s product strategy and product 2.0 rollout. Michael Cerdá , founder of BSPG, would serve as Phunware’s senior product leader through the BSPG engagement. BSPG will also embed additional proven AI product and engineering leadership alongside the Phunware team to accelerate product development and commercial rollout. More on Phunware Seeking Alpha’s Quant Rating on Phunware Historical earnings data for Phunware Financial information for Phunware

Hiroshi Watanabe/DigitalVision via Getty Images Not many investors had sky-high gas prices on their bingo card at the start of 2026, less than 5 months ago. But here we are. And while the ongoing game of Twister playing out in and around the Strait of Hormuz is bound to have more than a temporary lift to the price of, well, many things, there are some more likely winners. Electric vehicles is one such area. And two popular ETFs which cater to that theme are worth a closer look. Higher gas prices are starting to impact the consumer psyche. For investors, the question isn't whether to play the electrification trend, but how. The Global X Autonomous & Electric Vehicles ETF ( DRIV ) and the KraneShares Electric Vehicles and Future Mobility ETF ( KARS ) have both caught a bid, but their performance gap is telling. DRIV has surged 38% year to date. KARS has been a relative laggard, but nominal return standout, up 24% through Wednesday. Data by YCharts That said, they are highly-correlated, with KARS being the higher-beta name amongst the pair. In other words, it will often make more in upswings and lose more in downturns for these types of stocks. Data by YCharts Let’s look under the hood (my last automobile pun for this article, promise) to see why DRIV is winning this recent battle. As is the case with comparing ETFs, determining which one is “better” is, in my view, only a fraction of the analysis. Because ETFs like these are simply baskets of stocks based on a screening, allocation, rebalancing and reconstitution process. And that means in addition to looking at them as investments in their own right, if diving into the holdings helps to uncover some isolated stock opportunities, whether for a multi-week or multi-month target holding period, that’s another reason to size these up. I remind investors to consider that in analyzing any equity ETF, especially one based on an index and not actively managed, that they also think of them as what they are: indifferent stock b...

一张RTX 4090，24GB显存，跑一个32B参数的大模型做agent任务。 不做任何KV压缩，显存直接爆掉，连模型都跑不起来。 换上TriAttention，模型稳稳跑起来，顺利读完6份文档，自动生成了一份完整周报。 这不是社区大神的魔改，而是一篇来自MIT、英伟达、浙大的联合论文。 https://arxiv.org/pdf/2604.04921 核心思路是在pre-RoPE空间里，用Q/K的三角集中度来估计每个KV token到底有多重要，然后只保留真正重要的那些。 打个比方来说，别的方法压KV cache像是把所有行李都塞进压缩袋，不管里面是羽绒服还是砖头一律压扁。 TriAttention是先翻一遍行李箱，把砖头扔掉，只给羽绒服打包。 TriAttention demo演示，展示单张RTX 4090上Qwen3-32B完成OpenClaw agent任务的完整过程。 作者之一Yukang Chen在X上发布了这组对比，左边不压缩，显存直接报错；右边开了TriAttention，agent一路读完6份文档，周报完整输出。 2.5倍吞吐，10.7倍内存缩减 效果怎么样？数字说话。 在AIME25数学推理任务上，TriAttention在匹配Full Attention准确率（40.8%）的前提下，吞吐量提升了2.5倍。 再看内存：KV cache内存缩减10.7倍。 在AIME25（Qwen3-8B）上的性能权衡。(A) 在相同准确率（40.8%）下，TriAttention的吞吐量比Full Attention高2.5倍。(B) TriAttention在保持与Full Attention相同准确率的同时，将KV缓存内存减少了10.7倍。 注意，这里说的是KV cache memory，不是整机显存，也不是模型参数占用的总内存。 但就算只是KV cache这一项，对长序列推理场景来说，KV cache往往就是压垮显存的最后一根稻草。 砍掉这一项，就是能跑和不能跑的分界线。 主实验是在Qwen3-8B上做的，覆盖AIME24、AIME25、MATH500等任务。 在32K token的生成长度条件下，TriAttention几乎没有牺牲精度，但把推理效率拉到了一个新台阶。 单张4090跑通32B大模型 这篇论文附录中提到了一个真实部署案例。 场景是OpenC...