中国驻美国大使谢锋强调，中国主张人工智能普惠向善发展，反对人工智能成为个别国家、少数富人的游戏。谢锋指出，作为全球领先的人工智能大国，中美在人工智能领域存在竞争是自然的，但应良性竞争，发展与安全并重，先装好刹车再上路，还要通过合作共同展现大国担当。世界不希望看到“人工智能铁幕”、搞“人工智能圈地”，更反对开打“人工智能版星球大战”。中美就人工智能开展协调，关乎两国未来和人类命运，期待美方同中方相向而行，加强对话、管理竞争、开展合作，让人工智能成为中美合作的新疆域、人类进步的新阶梯。（中国驻美国大使馆）

Earnings Call Insights: Stereotaxis, Inc. (STXS) Q1 2026 Management View "Stereotaxis has had an amazing start to this year" and management framed Q1 as a period where "our reported quarterly numbers don't yet reflect it," while citing "the initial commercial green shoots of success" and "clarity on the opportunity ahead of us" (CEO & Chairman David Fischel). "In just the past few months, we received 4 U.S. FDA regulatory approvals for a complex surgical robot, robotically steered therapeutic and diagnostic catheters and a digital surgery cockpit" and the company said MAGiC "strategically allows us to overcome our historical dependency on Johnson & Johnson" while participating "robustly in the recurring revenue of each procedure" (CEO & Chairman Fischel). "Demand for MAGiC is much higher than supply" and the company said its contract manufacturer "still expects production to top 500 catheters a month by the end of this year," while also stating, "to mitigate catheter shortages, we began selling an additional catheter in Europe" via MicroPort and are pursuing "other efforts that expand production capacity and redundancy" (CEO & Chairman Fischel). "We have already received orders for multiple systems and have shipped the first systems to customers" for Synchrony, and management said, "We are very confident in our guidance of $3 million in revenue from Synchrony this year" (CEO & Chairman Fischel). "Revenue for the first quarter of 2026 totaled $6.3 million" with "system revenue of $1.3 million" and "recurring revenue of $5 million," and the company said recurring revenue "was pressured by the transition from the Johnson & Johnson ecosystem" (Chief Financial Officer Kimberly Peery). Outlook "We are reiterating our revenue guidance for the year of double-digit revenue growth, with annual revenue expected to surpass $40 million" and management added, "Revenue will ramp up sequentially each quarter, and we expect both the third and fourth quarters of this year to have rev...

Earnings Call Insights: TransAct Technologies (TACT) Q1 2026 Management View CEO John Dillon said the company delivered “a solid first quarter, '26,” reporting “total net sales of $14.4 million, up 10% year-over-year,” and “adjusted EBITDA of $1.4 million,” while reiterating that the focus is “driving revenue growth in our foodservice technology or FST vertical with software as our primary growth engine going forward.” CEO Dillon framed monetization of the installed base as a near-term priority, noting, “we ended the first quarter with 19,959 online terminals,” and added, “with nearly 20,000 online terminals now in the field, this is the time to begin monetizing these deployments more effectively.” He also introduced new recurring-revenue disclosure, saying, “we will begin sharing more and more of our ANR details, recurring revenue details each quarter.” CEO Dillon raised a longer-term recurring revenue ambition: “Longer term, we're aiming to get our installed base up to $100 to $200 per machine per month in recurring software revenue.” CEO Dillon said the BOHA! software in-housing timeline moved forward: “We've pulled the -- pulled forward our go-live date from what was originally suggested to be first quarter of 2027. And now it looks to be late Q2 this quarter, late in this quarter or early Q3 of '26.” CEO Dillon highlighted a leadership update already underway, stating, “we hired a new Chief Marketing Officer or CMO last quarter. Her name is Dana Loof,” and added, “I'm incredibly happy with the structure and progress she's brought to our marketing function since joining us.” CFO Steve DeMartino summarized the quarter’s performance, saying, “total net sales for the first quarter were $14.4 million,” “our adjusted EBITDA for the quarter was a positive $1.4 million,” and “it remains solid. We ended the first quarter with $18.8 million in cash.” Outlook CEO John Dillon said, “I'm reaffirming our '26 net sales outlook,” and reiterated the company “basically suggested...

导读： ①资金抱团主线极致分化，电力电网受益 AI 算力电力缺口逻辑，逆势获资金大举流入；②光通信延续强势，算力资本开支上修叠加上游磷化铟、光纤等物料供需紧缺，涨价逻辑确立；③市场呈双轨风格，机构重仓算力硬件走趋势行情，电力算电方向则更偏向于游资主导连板短线炒作。 昨日市场震荡整理，三大指数涨跌不一，量能小幅萎缩依旧维持于3万亿之上，整体依旧维持震荡向上格局。不过在指数窄幅震荡背后却是资金集中抱团核心主线的极致演绎，把握热点的轮动节奏或是当下盘面的重点。 电力、电网设备开始，一方面近期大摩再度发布研报，表明AI产业瓶颈由算力芯片切换至电力供应，数据中心巨大电力缺口推动行业加速布局离网电力，电网升级扩容成AI发展底层刚需。使得电网设备成为本轮行情中业绩确定性与政策确定性共振的“卖铲人”。而从市场角度来看，在锂电持续调整、半导体板块分化加剧背景下，电网设备和电力板块昨日逆势获得资金大举流入，成了资金抱团新热点。随着“AI的尽头是电力”逐步成为市场共识，后续仍存在反复活跃的机会。 光通信延续强势，其背后海外算力资本开支确定性持续上修与上游物料供给瓶颈的共振。随着数据中心带宽需求爆发式增长，光模块正加速从400G向800G乃至1.6T全面升级，算力集群对光互联的需求成几何级增长。 另一方面产业从“产能扩张”正式迈入“供应链卡位”阶段。核心物料紧缺的问题逐步凸显：2025年全球磷化铟衬底供需缺口已超7成，2026年更将进一步加剧；多地光纤招标价格大幅提升，数据中心与无人机等新兴需求合力加剧供需矛盾。上游光芯片、AWG等环节订单能见度持续拉长，涨价逻辑得到产业端的明确验证。 而从市场风格维度来看，目前呈现“双轨并行”格局。机构资金主导的科技主线以趋势波段节奏推进——机构重仓的算力硬件方向持续走出趋势新高，昨日中际旭创涨超8%股价突破千元便可视为又一标志性事件。而在电力/算电协同方向，游资与情绪资金则选择了更偏短线的连板接力模式，大唐发电5连板、华电辽能19天10板等高标持续演绎。整体而言，随着指数在高位陷入整理，类似的结构性分化或将延续，应对上秉持“去弱留强”的原则。

Earnings Call Insights: Intellicheck, Inc. (IDN) Q1 2026 Management view "The first quarter of 2026 played out against one of the more challenging macroeconomic backdrops that we have seen in several years" (President, CEO & Director Bryan Lewis), adding that the "military conflict in Iran" and related impacts on oil, rates, inflation and consumer confidence created headwinds across retail, automotive, and title insurance. "Despite all of these economic factors, I am pleased to report that Intellicheck continued its growth trajectory with growth of approximately 13% year-over-year" (President, CEO & Director Lewis), including "first quarter revenue was approximately $5.5 million" and "adjusted EBITDA of $935,000" with "earnings per share of $0.03," while ending the quarter with "over $10 million in cash and $0 debt." "Banking and lending remain our core growth engine and represented over 50% of our quarterly revenue" (President, CEO & Director Lewis), and he said the largest regional banking client (a "3-year contract valued in the very high 7 figures") is "now fully implemented" and is discussing "expanding the use of Intellicheck's technology in additional use cases and departments." "Beyond our major bank relationships, our new desktop delivery method is opening meaningful new doors with smaller banks and credit unions" (President, CEO & Director Lewis), adding "we have signed 3 new clients with several others in review" and said the model is "immediate" with "no integration" required. "I'm also excited to share that our new partnership with Alloy is starting to generate early traction" (President, CEO & Director Lewis), saying the company believes being embedded in Alloy "significantly reduces buying friction" for customers in that ecosystem. "First American Title successfully launched their digital e-commerce identity verification capability in Q1" (President, CEO & Director Lewis), calling it a "meaningful expansion" that "deepen[s] the relationship" in the ti...

Earnings Call Insights: SenesTech, Inc. (SNES) Q1 2026 Management View "As this is my first earnings call with SenesTech Investors as President and Chief Executive Officer... my conviction in our ability to dramatically scale this business is even stronger... The work now is to translate product strength into commercial execution at scale." (President & CEO Michael Edell) "We have prioritized direct-to-consumer revenue as a core growth engine... We have moved the direct management of our Amazon account for the Evolve brand... [and] restructured B2B processes and the sales organization to improve discipline, pipeline visibility, forecasting accountability and focus." (President & CEO Edell) "During the first quarter, direct-to-consumer revenue increased 42% to a record $194,000..." and "B2B revenue increased 57% to $298,000." (President & CEO Edell) "April was the first full month... following the completion of the Amazon transition, and e-commerce sales increased 163% to a record $146,000... Amazon retail sales... were approximately $96,000... [and] our own SenesTech website... approximately $50,000." (President & CEO Edell) "Revenue for the first quarter was $493,000" and "First quarter 2026 results included approximately $443,000 of onetime expenses..." (Executive VP, CFO, Treasurer & Secretary Thomas Chesterman) Outlook "I do believe that we can see reasonable growth quarter-over-quarter. And I do believe that we will continue to break records." (President & CEO Edell) "We plan to expand the Evolve brand with additional woven control products..." and "we are also advancing launch readiness around potential related products such as an attractant and repellant products." (President & CEO Edell) "Where a market requires significant regulatory investment for long periods of time, we will generally require local partners to assist us or fund that process." (President & CEO Edell) Compared with the prior quarter’s framing that "this is the year when we'll see the benef...

据朝中社13日报道，朝鲜劳动党总书记、国务委员会委员长金正恩11日视察一些军工企业，了解2026年上半年军火生产任务执行情况。 据报道，金正恩当天了解弹药厂生产情况，表示要根据各口径高精确多用途弹、特殊功能弹和训练弹的需求建立相关生产体系。 金正恩说，要加强迫击炮和曲射炮武力。他还表示，为满足朝鲜武装力量远景需求，要建设专业化的火炮武器生产综合体和枪械厂，同时优化弹药厂生产结构，提高其现代性和专业性。(新华社)

South Korean stocks rapidly erased losses Wednesday as local retail investors bought into a wave of selling by foreign funds. The Kospi rose 0.3%, reversing an early decline of as much as 3.2%. Samsung Electronics Co. pared most of its drop, after briefly plunging as much as 6.1% on its failure to reach a wage agreement with its biggest labor union. Samsung peer SK Hynix Inc. reversed an early loss, shaking off investor concerns of overheating that dragged down AI-related stocks in New York on Tuesday. The Korean memory makers’ shares are up more than 100% each so far in 2026. “For Korean equities, the problem is concentration — this market is a two-stock story,” said Dilin Wu , a research strategist covering cross-asset markets at Pepperstone Group Ltd. “The AI hardware thesis that drove the Kospi’s record run is still intact — but execution risk on the supply side is now sitting right next to it, and that’s a harder position to hold with conviction.” Foreign funds have sold more than $45 billion worth of Kospi stocks so far this year. Buying by local institutional and retail investors has compensated, with the index’s 82% year-to-date gain the best in the world. “We see further upside for the Kospi thanks to structural stories including reform,” Morgan Stanley analysts including Joon Seok wrote in a report Wednesday, raising their 12-month Kospi target to 8,500 from 6,500. While there are external uncertainties such as the ripple effects from the Middle East situation, “the Kospi should be resilient.”

matejmo/iStock via Getty Images Summary • For the quarter ended March 31, 2026, the fund returned 2.79% (Class I shares at (NAV)), strongly outpacing the MSCI EAFE Growth Index -4.62% return. • Our conviction in the global opportunity set remains intact. Although geopolitical risks are high, earnings growth remains healthy, the AI infrastructure buildout continues to accelerate, and many other secular and cyclical themes provide tailwinds. • We have adjusted our positioning to be more balanced across cyclical and defensive cohorts, while maintaining our emphasis on thematic growth exposure. • Positioning shifts include moderating our exposure to financials and increasing exposure to businesses that are less vulnerable to near-term macroeconomic risks. • Optical networking, robotics, and space represent three secular growth themes where we see especially strong tailwinds and are actively investing across the value chain. Investment Manager Discussion We entered 2026 with optimism, as the global rebalancing we anticipated was gaining traction, supported by stimulative fiscal policies, a weak dollar environment, and broadening secular growth themes. While we remain optimistic and our underlying conviction in the global opportunity set remains intact, we have updated our positioning to be more balanced across cyclical and defensive cohorts while continuing to emphasize thematic growth exposure. The most significant new variable driving our positioning is the Middle East war and the disruption to commodity flows through the Strait of Hormuz. A prolonged disruption through the second quarter would create significant headwinds for the global economy, particularly in Europe and parts of Asia, where reliance on imported energy commodities is greater than in the United States. Central banks are already responding to the potential inflationary implications of higher energy prices with more hawkish messaging. While conditions in the Middle East represent the most significant un...

韩国KOSPI指数日内跌幅收窄至1%，此前一度跌3%。

格隆汇5月13日｜据人民邮电报，我国光纤预制棒制造领域迎来重大突破！近日，烽火通信旗下武汉烽火锐拓科技有限公司发布全球最大规格光纤预制棒，该产品以直径300mm、长度3500mm的超大尺寸，单根可连续拉制长达2万公里光纤(两根光棒拉出的光纤可绕地球一圈以上)的性能优势，成功刷新光纤预制棒规格纪录，显示了中国光通信企业自主创新的硬核实力，为我国数字基础设施建设与全球光通信产业升级注入强劲动能。 当前，全球AI浪潮滚滚而来，超大算力中心、数据中心集群加速落地，海量数据高速交互，对光网络这一“数字血管”提出了更高的要求。而光纤预制棒作为光纤生产的核心原材料，素有光通信产业“芯片”之称，不仅占据产业链约70%的利润，其技术水平更直接决定光纤的质量、产能与成本，是光通信产业链的“命门”，更是抢占数字技术发展制高点、保障产业链供应链安全的关键赛道。

【有線新聞】中美官員在南韓的經貿磋商結束。 中美經貿中方牽頭人、副總理何立峰在首爾仁川機場，與美國財長貝森特舉行新一輪經貿磋商。雙方以兩國元首重要共識為指引，秉持相互尊重、和平共處，合作共贏的原則，就解決彼此關注的經貿問題和進一步拓展務實合作，進行坦誠、深入、建設性交流。

格隆汇5月13日｜据The Information引述一位知情人士消息称，Anthropic正就收购开发者工具新创公司Stainless展开深入谈判，收购金额至少达3亿美元。据悉，Stainless向包括Anthropic、OpenAI及谷歌在内的人工智能模型开发商提供软件服务，协助开发者更快速地接入AI模型。

格隆汇5月13日｜韩国首尔综指跌幅收窄至1%，此前一度跌3%。

格隆汇5月13日｜中信建投证券研报认为，A股当前正在系统性计价“科技超级周期下的中国优势”。未来A股仍有四个核心方向，能够最有力地承载并表达“中国优势”的叙事逻辑。其一，能源优势。地缘博弈伴随的能源安全带来新能源供需机会。其二，供应链优势。化工、机械设备等行业继续挤占欧日韩市场份额。其三，国家战略引领优势。“六张网”建设全面发力。其四，科技优势。AI产业仍是2026年最具确定性的科技主线，中国在AI领域的技术突破正在加速落地。

格隆汇5月13日｜特朗普集团周三表示，在签署协议不到三个月后，该公司已放弃在澳大利亚建造其首座摩天大楼的计划，理由是澳大利亚合作伙伴未能履行某些财务义务。该集团于今年2月与Altus Property Group签署了协议，计划在澳大利亚昆士兰州热门的海滨旅游胜地黄金海岸开发一栋91层的摩天大楼，项目价值15亿澳元(10.9亿美元)。该集团表示，该项目取决于特许经营合作伙伴Altus能否履行其尚未完成的某些义务，并补充称将尽快探索其他潜在项目，以在澳大利亚建造特朗普地产。

Henry Huiyao Wang, Founder and President of the Center for China and Globalization, says both Iran and the United States are seeking to de-escalate the ongoing conflict. He adds that China could provide a platform for both sides to “gracefully climb down the ladder” if U.S. President Donald Trump and Chinese President Xi Jinping reach a consensus at the upcoming US–China summit. Wang speaks with Haidi Stroud-Watts in Beijing on Bloomberg: The Asia Trade. (Source: Bloomberg)

工业和信息化部：APEC框架下 开创汽车产业发展新局面 5月12日，APEC第43次汽车对话会议在上海召开。工业和信息化部相关负责人表示，中国将与各经济体一道，在APEC框架下共建一个可持续、公平的汽车产业生态，携手开创汽车产业发展新局面。负责人表示，当前，新一轮科技革命和产业变革深入发展，特别是人工智能等前沿技术加速突破，为全球汽车产业转型升级开辟了新空间。下一步，中国将持续深化国际合作，坚持开放发展，持续打造市场化、法治化、国际化一流营商环境。工业和信息化部装备工业一司司长王卫明表示，支持中外企业在技术、标准、投资、贸易等领域深化务实合作。同时，加强与各经济体在标准法规领域的协调互认，依托APEC等平台，推动技术交流、人才合作与创新成果的全球共享。 财联社汽车：中国，正引领全球汽车产业转型的规则与方向。 我国国产高端数控机床智能组线可靠性与质量一体化技术取得突破 5月12日，记者了解到，“十四五”期间，针对我国汽车动力总成大批量制造质量不稳定、智能组线设计及制造标准依赖进口等瓶颈问题，市场监管总局组织国内优势科技力量，开展了国产高端数控机床智能组线可靠性与质量一体化技术攻关。研究团队突破了复杂工况下机床精度与质量参数的自适应动态映射、多工序制造误差流建模等关键技术，揭示了组线可靠性退化与产品精度保持性的耦合机理。建立了“端—边—云”协同的装备故障诊断技术与虚实融合的数字孪生系统，研制出支持质量控制、可靠性评估与智能维护的动态生产运作协同优化平台，实现了智能组线实时检测与维护决策的自主可控。目前，研究成果已在相关企业的新能源车动力总成和燃油汽车动力总成的生产线规模化应用，实测平均无故障工作时间（MTBF）超过2500小时，设备综合效率（OEE）超过85%，有效支撑了国产高端数控机床及智能组线的技术迭代与质量提升。 财联社汽车：国产高端数控机床智能组线，成功解决了汽车动力总成等精密制造的长期瓶颈。 中国汽车流通协会：4月末汽车经销商库存总量约260万辆 5月12日，中国汽车流通协会发布2026年4月“汽车经销商库存”调查结果：4月汽车经销商综合库存系数为1.89，环比上升7.4%，同比上升34.0%。据中国汽车流通协会乘联分会统计，4月乘用车终端销量达138.4万辆，以此测算，4月末汽车经销商库存总量约260万辆。 财联社汽车：渠道压力显著增大。 赛力斯电池包碰撞场...

格隆汇5月13日｜新西兰总理拉克森：政府致力于将债务降低至占GDP的40%。全球不确定性加大了负责任的经济管理和财政纪律的重要性。

格隆汇5月13日｜据中国天气网，未来三天(5月13日至15日)，长江以北地区将以晴晒天气为主，气温不断走高，华北多地将迎今年首个高温天气，局地最高温将超37℃，公众需注意防暑。今明两天，南方将持续多雨模式，江南南部、华南部分地区有暴雨，15日夜间起新一轮降雨过程将来袭，需保持关注。

Qualcomm Beijing Trip Links Trade Talks To Priced For Perfection Stock simplywall.st

格隆汇5月13日｜隔夜美股下跌，拖累今早台股低开。台湾加权指数跌1.57%，报41238.92点。

Micron's Supply Squeeze: 57% DRAM Price Jump, 3-5 Year Contracts, and a $1,000 Target AD HOC NEWS

格隆汇5月13日｜摩根士丹利上调中国2026年、2027年GDP增长预期。

港股公告掘金 | 京東集團-SW一季度收入穩步增長 零售盈利創新高 研發投入高增 富途牛牛

格隆汇5月13日｜被称为东南亚小腾讯的Sea(SE.US)周二收涨13.14%，报96.02美元，总市值588亿美元。消息面上，Sea公布了2026年第一季度强劲的业绩，公司第一季度销售额70.97亿美元，同比增长46.6%，高于市场预期的64.13亿美元；毛利润为31亿美元，同比增长40.7%；净利润为4.382亿美元，同比增长6.7%；调整后EBITDA同比增长9.3%，达到10亿美元；每股收益0.67美元，市场预期0.70美元。 在财报电话会上，公司表示，Shopee Q1 GMV 增长30%、订单增长29%，增长来自巴西和东南亚两方面的共同贡献。近期看，2026年的指引是25%的增长加上全年EBITDA不低于去年。中长期看，仍然坚持 2%-3%的EBITDA margin目标。 巴西在Q1增速显著领先市场，获得更大市场份额，进而以更大规模驱动服务成本下降。巴西已连续几个季度实现盈利，目前不预期这一趋势会改变。公司表示会继续在巴西健康增长，同时维持当前的盈利水平。但也确实会持续对巴西进行投入，特别是正在建设的履约网络、当日达配送的扩展以及VIP项目。(格隆汇)

It's been a rough year for Toast (NYSE: TOST) stock, with its shares down more than 30% year to date, as of this writing. The stock has been caught between the software-as-a-service (SaaS) sell-off and uneven restaurant industry sales. Let's dig into the company's recent results and prospects to see if the stock is a buy on this dip. Image source: The Motley Fool. Continue reading