How did the deleveraging wave in the Korean stock market occur?
Leveraged ETFs were not the initial spark, but they were a very important amplifier; margin financing was not the direct cause of the daily declines, but it determined whether the downturn could evolve into a chain of forced liquidations.
2026-07-20
金融
投資
政策
AI
SemiAnalysis：Kimi K3的KDA機制提高注意力效率，但將需要更多的GPU、HBM、DRAM和網路，而非更少
Kimi K3的線性注意力雖引發對硬體需求的短期擔憂，但SemiAnalysis指出，其超過2.8兆參數與大規模推理架構，反而會加劇對高階GPU、HBM及高速互連的需求。
2026-07-20
AI
24H Popular Coins & Top News | Spain Wins World Cup; ChangXin Memory Technology's Lottery Winners Must Pay Today (July 20)
Trump Media & Technology Group Plans to Launch a Paid Data Service, Offering Trading Institutions Quick Access to Trump's Posts.
2026-07-20
ETH
金融
投資
創始人
技術
AI
馬斯克
川普
每周編輯精選 Weekly Editor's Picks（0711-0717）
優質深度分析文章及一週熱點惡補。
2026-07-18
金融
投資
AI
預測市場
川普
大空頭Burry：現在是抄底港股的絕佳時機
《大空頭》原型Michael Burry高調唱多港股，直言當下是尋找廉價籌碼的「絕佳時機」，並已悄然增持京東。
2026-07-17
投資
AI
Sam Altman的萬億泡沫：為什麼 OpenAI 就是 AI 界的「雷曼兄弟」？
當 OpenAI 燒完最後一分錢，整個科技行業將迎來清算時刻。
2026-07-17
金融
投資
技術
AI
OpenAI的大模型價格戰，歷史早已寫過結局
十天之內，海外四家AI巨頭密集降價，Altman高喊「再降75%」，Anthropic卻沉默以對。降價的人鉅虧，賣高價的反而賺錢。這不是一場普通的價格戰，而是飛輪與泵的生死之辯
2026-07-17
投資
AI
US chip stocks are just one step away from a bear market
Capital expenditure by hyperscale cloud companies has already outpaced cash flow growth. How much further can the "rubber band" between AI investment and commercial monetization stretch? The upcoming earnings reports from tech giants could be the key moment of judgment.
2026-07-17
金融
投資
AI
Why is the ADR premium for SK Hynix reaching 50%? A stress test of market structure
On its first day of listing, SK Hynix's US ADR traded at a premium of over 50% compared to its ordinary shares in Seoul. The premium quickly narrowed to around 26% the next day. This phenomenon, driven by high demand and limited circulating supply, reflects strong interest from US stock investors while also highlighting restricted cross-market arbitrage and short-term pricing deviations.
2026-07-17
投資
AI
「雷曼時刻」正在逼近？大空頭1.5萬字長文起底：OpenAI必將崩潰，全球股市恐遭清算
Ed Zitron認為：真正的AI泡沫，本質上就是「OpenAI泡沫」；如果OpenAI最終失敗，它將成為AI時代的「雷曼兄弟」。
2026-07-17
投資
產業
技術
AI
US stocks still have "deleveraging room," JPMorgan: It will take three months to return to pre-April levels
Leveraged stock ETFs, options, and margin accounts all have further room for deleveraging. It is estimated that it will take about three more months of volatile trading for relevant indicators to return to pre-April levels.
2026-07-17
投資
期權
AI
Good performance leads to a slight drop, bad performance leads to a crash: US tech stocks trapped in a "vicious cycle"
TSMC's Q2 net profit surged 77%, yet its US stock still closed down 2.3% on Thursday. IBM issued a profit warning, triggering a single-day plunge of over 20% on Tuesday.
2026-07-17
投資
技術
AI
Defending Champion or New King Ascends? In the World Cup Final, AIs Actually Ended Up on the Same Side
In 2007, a young Messi held an infant Lamine Yamal during a charity photoshoot. Nineteen years later, the two figures in that photo will vie for the World Cup trophy in the final.
2026-07-17
AI
預測市場
24H Hot Coins & Headlines｜Trump Staffer Investigated for Insider Trading on Kalshi; US Senate Unanimously Opposes Pardon for SBF (July 17)
U.S. stock storage sector experiences another broad decline.
2026-07-16
金融
投資
a16z
AI
預測市場
芯片股徹底meme化：想求穩又不想錯過AI，還有什麼美股能買？
即便在賭場裡，也有人能透過紮實的基本面找到值得持有的資產。
2026-07-16
投資
AI
Base 放棄社交方向，創始人承認戰略失敗
金融與交易才是加密主線。
2026-07-16
Base
AI
