KNOWLEDGE ATLAS releases GLM-5 technical details: engineering-grade intelligence, compatible with domestic computing powerIndustrial Securities: The US tariff ruling is a long-term narrative change brought about by the limitation of administrative power. Pay attention to the impact of tax rate reductions on the A-share export chainIgnoring the overseas "AI panic," the Chinese market is wildly speculating on AI winnersBrazilian stock market is highly sought after: surged 17% in January, foreign capital inflow exceeds last year's total, investment tycoons heavily investedYuyuantan Tian: The United States' path of imposing tariffs on foreign products through IEEPA has become increasingly unsustainableYuYuanTanTian: Which tariffs imposed by the United States on China have been suspended?Geothermal - A Quiet Energy Revolution in the United StatesYuYuan TanTian: The new tariffs from the U.S. may face judicial lawsuitsSK Chairman Choi Tae-won warns: AI is devouring everything, and this year's profits of 100 billion dollars may instantly turn into huge lossesMorgan Stanley evaluates MiniMax as "a globally top-tier foundational model scarce asset," with the core logic of high valuation being "technology determines the ceiling, globalization determines valuation."Next week's heavy schedule: NVIDIA earnings report, Trump's State of the Union address, US-Iran game of chess, German Chancellor's visit to ChinaBeneath the surface glamour, OpenAI's "Four Dilemmas"Digital gold, future payments, speculative choice? The "narrative" of Bitcoin is collapsing one by one at the "peak of faith"An unprecedented situation in the past 30 years! The volatility of U.S. stock indices is at its lowest since 1960, while the volatility of individual stocks is as high as 7 times that of the indicesTrump's new tariff rate increases to 15%, U.S. government "overstepping" leads to a wave of lawsuits from businessesUnderstanding Gold, Silver, and Copper: Pei Fengke Chen Dapeng Takes You to Understand New Pricing Opportunities for Resources Under the Reconstruction of Global OrderCathay Securities: How will the rejection of Trump's tariffs be interpreted going forward?20-35% lower than net asset value! Hedge funds quote to acquire shares of Blue Owl's funds, intensifying market skepticism towards PEGuolian Minsheng Securities: The probability of the Federal Reserve continuing to cut interest rates this year remains relatively highIf OpenAI is valued at $830 billion, how much should Google be worth?The Supreme Court rejected, and Trump added again! What are the current tariff rates in the United States?The U.S. Supreme Court overturns "reciprocal tariffs," what will happen next?Rumors come true? NVIDIA's "USD 100 billion investment" in OpenAI ultimately "discounted by 70%"Goldman Sachs: Gold volatility has surged significantly, and central bank gold purchases will temporarily slow downMicrosoft's PE has become the same as Exxon Mobil'sSK Hynix Goldman Sachs conference call: All customer demands cannot be met, and storage prices continue to rise this yearElon Musk claims that Tesla's FSD voice control feature is about to be launchedOn January, the Central Bank of Russia sold 300,000 ounces of gold reserves, worth 1.4 billion dollarsTrump's push for interest rate cuts meets a "hawkish" committee, and Waller may face the most challenging term as Federal Reserve ChairEveryone wants to learn from Nvidia's "chip-for-financing," Google and AMD both want to support "AI cloud"$175 billion "tariff refund"! For U.S. stocks, it is "fiscal stimulus"; for U.S. Treasuries, it is "increased debt"; for gold and silver, it is "uncertainty returning."The Supreme Court's rejection is "one thing," while the U.S. tax refund is "another thing."Upon learning that the Supreme Court rejected the tariffs, Trump was "furious" and "lashed out."Small nucleic acids are gaining momentum: industry leaders enter the capital market, and domestic supply chains benefit from accelerated capital expendituresThe U.S. Supreme Court rejected tariffs, U.S. stocks closed higher, bonds and the dollar came under pressure, concerns about stagflation pushed gold back to 5,100, and silver surged 8%Overnight U.S. Stocks | Three Major Indices Rise, Spot Silver Up Over 7.7%Trump hints that illegally imposed tariffs will not be refunded, and the U.S. Treasury Secretary states that tariff revenue will "basically remain unchanged" this yearNVIDIA and OpenAI abandon the unfinished $100 billion agreement and instead reach a $30 billion investment dealU.S. GDP and PCE data combined with the Supreme Court ruling on Trump's tariffs, U.S. Treasury yields "bottomed out and rebounded" on FridayAnthropic releases Claude security tool, cybersecurity stocks plummetThe U.S. Treasury Department makes concessions and plans to revise the tax proposal for sovereign wealth funds, which was previously warned against by the private equity industryDon't celebrate too early for the U.S. Supreme Court overturning Trump's tariffs? Wall Street expects the market reaction may be short-livedFebruary 21st Foreign Market Headlines: Tariff policy rejected, Trump to impose 10% tariffs globally, Google aims to counter Nvidia, Microsoft gaming head retiresCitigroup downgrades Intel rating to Sell