历史数据显示，这种信号往往预示股市和科技股接下来表现不佳。

真正要追蹤的，是長約的兌現節奏、資本開支強度，以及電力/算力供給能否跟上訂單增長的速度。

伯恩斯坦把AI算力擴張換成設備訂單彈性

The logic of DeepSeek 1.0 was "efficiency replaces scale," while the logic of K3 is "efficiency releases demand." These two narratives have opposite effects on chip stocks. That is also the most fundamental reason why "DeepSeek 2.0" did not materialize.

As custom chips from Broadcom and Marvell continue to erode GPU market share, Nvidia has chosen to shift the battlefield from "whose chip is faster" to "who can deliver computing power directly into the customer's hands."

Samsung and SK Hynix face concentrated sell-off, leveraged ETF scale nearly halved

US stocks are still pricing in the long-term benefits of AI, but institutions have already begun repricing short-term volatility.

從 25% 到 51% 溢價：HIP-3 如何讓 SKHX/SKHY 成為跨境股權價差最佳交易工具。

Kimi K3 is more like a catalyst for the spread of AI usage than a signal that hardware demand has peaked.

Hyperliquid HIP-4 to Support Permissionless Deployment of Outcome Markets with Up to 50% Fee Sharing.

Trust Wallet AI 即日起對所有用戶開放。它認識你在各條鏈上的真實持倉，能查行情、讀資產、準備交易、攔截風險。而且你的私鑰，它碰不到。

MSCI新興市場指數年初至今漲幅約20%，但漲勢高度集中於南韓和中國台灣，兩者合計佔新興市場EM基準指數約50%權重。

分工重塑後，Astera Labs、蒙太奇科技等專業廠商主導控制器設計，記憶體廠商則聚焦製造與先進DRAM技術。

逐頁深挖輝達10-Q：134億美元浮盈粉飾財報，真實PE或高達60倍

After Strong Earnings, the Market Begins to Reassess the Returns on Expansion.

開閉源模型之爭正式打響。