Historically, memory stocks have tended to peak ahead of earnings peaks: about 4 months early in 2008 and 2012, and about 8 months early in 2018. As new capacity is gradually released in the second half of 2027, shifts in supply and demand could trigger a new cyclical inflection point.

Rate hike expectations are pushing yields higher, but valuations, positioning, and technicals have begun to support a bullish stance

The era of buying with eyes closed is over.

A 4090 GPU generates approximately 50 RMB in daily net mining income.

The summit brought together entrepreneurs, industry leaders, and developers from the global Web3 and artificial intelligence sectors to engage in in-depth discussions on cutting-edge topics including the technological evolution of AI Agents, real-world applications, and RWA asset tokenization.

A Survival Guide for Young People in the AI Era

Anthropic seeks IPO as early as mid-November, plans to meet with potential investors on October 14.

High-quality in-depth analysis articles and a roundup of the week's top stories.

According to financial materials provided to investors cited by the Financial Times, as of the end of September 2026, OpenAI's annualized revenue run rate was close to $50 billion, significantly lower than the nearly $70 billion widely reported in the media at the end of September. The two figures differ by approximately $20 billion, a gap of nearly 29%.

The new security problem in the AI era is shifting from "preventing a single Agent from overstepping its authority" to "how to prevent a group of Agents from collectively breaching boundaries."

A company delivered the most profitable single-quarter results in its country's corporate history, yet its stock fell that day and has pulled back about 30% from its high six months earlier. Put these two facts together, and the question shifts from whether the earnings are good to what the market is actually pricing in.

Investors may be pricing in vastly different future returns for different assets.

US initial jobless claims for the week ending October 3 came in at 197,000, versus expectations of 200,000.

With yields standing above 5.3%, some long-term allocators (pension funds, insurance companies, sovereign wealth fund-type institutions) may be shifting from "avoiding the long end" to "disciplined allocation to the long end." Such funds have internal discipline regarding yield levels — if it's high enough, they allocate. But a single auction is not sufficient to confirm a trend — and it must be emphasized that what it validates is demand for the 10-year.

Once seemingly impregnable cryptography may be vulnerable simply because the human brain navigates the mathematical labyrinth too slowly.

AI data center growth is being constrained by power shortages, with an estimated net electricity gap of about 32GW still remaining in the US by 2028. Nvidia and Broadcom are relatively resilient, while second-tier suppliers in memory, optical modules, and power management face higher order and inventory risks.