Guotai Junan Securities: The dollar index's phase rebound has weak sustainability, continuing to be optimistic about the Hong Kong stock spring marketNew AI tools trigger software selloff; WeChat cracks down on Yuanbao violating links | Daily News RecapSAIC Volkswagen is ready to compete fiercely with new forces1932 was the same! High concentration in the US stock market is not scary; the real danger is being too expensiveThe "liquidity illusion" behind prosperity: Canada's new regulations and Australia's interest rate hike resonate together, and liquidity in 2026 is not a one-sided easingApple Xcode finally introduces AI, "Agentic Coding" invades the "Apple ecosystem" developer strongholdLocal Two Sessions Conclude: Signals Beyond GDP TargetsCentral Bank: Focus on supporting the expansion of domestic demand, technological innovation, and key areas such as small and micro enterprisesIt is reported that Tesla is still advancing the development of CarPlayPrice increase of 10%! Samsung's wafer foundry is considering raising prices for 4nm and 8nm processesThe EU announces an investigation into Goldwind, and the Chinese side respondsA wake-up call: NVIDIA's reassessment of OpenAI, why should it most concern Microsoft?Will the next financial crisis be triggered by Walsh?Valuation exceeds $100 billion! JP Morgan initiates coverage on Waymo: predicts order volume will exceed 277 million by 2030, with a CAGR of up to 79%Citi: Expects Tencent's gaming business to maintain double-digit growth this year, with advertising business rising by 20%NVIDIA's Jensen Huang refutes concerns that artificial intelligence will replace software tools, while the company's stock price sell-off intensifiesAMD Frankfurt-listed stock fell over 6%$20 billion! NVIDIA plans to initiate the largest investment in history, breaking the deadlock in cooperation with OpenAIProsus signs a major AI cloud services deal with Amazon, expected to achieve "double-digit" cost savingsOpenAI Codex evolves again: reasoning speed increased by 40%, significantly reducing programming latencyInvestors find valuations too expensive! Tether's fundraising target cut from $20 billion to $5 billion, even the top stablecoin "backs down"?Understanding the Market | LI AUTO-W is currently up over 5% as the company accelerates its AI transformation and comprehensively lays out embodied intelligenceScared of being borrowed! Banks are eager to find a "buyer" for Oracle's $56 billion debt, with insurance funds and private equity stepping inAMD (Trans): LT outlook unchanged; MI500 slated for 2027.The U.S. AI chatbot war: ChatGPT's market share fell from 69.1% to 45.3%, Gemini rose from 14.7% to 25.1%, and Grok increased from 1.6% to 15.2%Hong Kong Stock Midday Review | Hang Seng Index fell 0.41% in the morning session, Tencent dropped over 3%, dragging down blue chipsMusk Super Complex: SpaceX + xAI…… + Tesla?Citadel economists discuss Waller: The Federal Reserve may not cut interest rates for the next year, and the dollar bear market is pausedIntel enters the GPU market!NVIDIA's Jensen Huang actively predicts: AI as the "driving force behind the energy crisis" is not to be feared and will ultimately drive down energy pricesSticking to the principle of "not disturbing users," WeChat has finally taken action on the Yuanbao red envelopeUnderstanding the Market | Tencent Holdings falls more than 3% as WeChat announces action against illegal links to YuanbaoThe biggest impact of AI on SaaS currently: AI is not consuming your product in terms of functionality, it is consuming your budget financiallyConcerns over intervention fade, hedge funds restart "short yen" tradesMizuho warns: If the Federal Reserve significantly reduces its balance sheet, it will be forced to intervene more frequently for "firefighting" measuresUnderstanding the Market | Drinda shares rise over 6% as reports indicate Musk's team secretly visits multiple photovoltaic companies in ChinaThe escalation of tensions between the U.S. and Iran and the decline in inventories boost international oil prices, leading U.S. oil and gas stocks to riseEarning 50,000 yuan in one month and losing 20,000 yuan in another day, actress Zhao Jiaxin shares her fund returns: every day upon waking, she studies gold, aerospace, semiconductors, and AI"Very bullish for the whole year"! AMD's conference call responds to doubts: OpenAI's 6GW order is "on track," and MI450 will "significantly ramp up" in the second half of the yearAMD: Big talk, small results — When will it execute?Jensen Huang discusses with Dassault CEO about NVIDIA opening a third battlefield"Big Short" Burry: After a 40% crash, if Bitcoin drops another 10%, it will trigger "disastrous consequences"Market value surpasses 1 trillion USD! Walmart completes a "profound transformation of traditional retail companies," with stock price doubling in two yearsPerformance explosion! Optical module giant Lumentum: Q2 revenue surged 65% year-on-year, AI business order backlog exceeds $400 million, next quarter guidance even more astonishingThe "SaaS Apocalypse" is Coming to the US Stock Market: "Software-PE" is Trapped in a "Death Loop"Will anti-inflation measures boost gold to new highs? Zhou Hao: The Federal Reserve Chairman must either instill fear in the market or make the market reliantCICC: The Fed's balance sheet expansion is hard to shake; continue to be optimistic about the US and Chinese stock markets as well as gold, silver, and copperIs this the "most panicked moment" for American software stocks?