---
title: "Breakfast | AI panic alleviation boosts Nasdaq up over 1%, Anthropic concept stocks surge"
description: "Software and AI \"victims\" rebound, driving U.S. stocks higher, with the Nasdaq rising over 1%. Thomson Reuters, in collaboration with Anthropic, surged over 11%, while FactSet and Salesforce also rose"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/276799651.md"
published_at: "2026-02-24T23:11:15.000Z"
---

# Breakfast | AI panic alleviation boosts Nasdaq up over 1%, Anthropic concept stocks surge

> Software and AI "victims" rebound, driving U.S. stocks higher, with the Nasdaq rising over 1%. Thomson Reuters, in collaboration with Anthropic, surged over 11%, while FactSet and Salesforce also rose. AMD soared nearly 9% after receiving a $100 billion computing order from Meta, and NVIDIA hit a three-month high with consecutive gains. The U.S. dollar strengthened, gold retreated, and Bitcoin experienced fluctuations during the session

## Market Overview

**Software stocks and other AI panic "victims" drive a rebound in U.S. stocks**, with the Nasdaq rising over 1%. **Several companies collaborating with Anthropic saw their stock prices rise**, including **Thomson Reuters up over 11%**, FactSet up nearly 6%, Salesforce up over 4%, leading the Dow components; IBM rose nearly 3% the day after a 13% drop; Nvidia's stock rose for three consecutive days before its earnings report, reaching a three-month high; **AMD, which secured a large GPU supply deal with Meta, rose nearly 9%**; storage chip stocks generally fell against the market trend, with **SanDisk, targeted by Citron, down over 4%**; the China concept index rose nearly 1.4%, reversing eight consecutive declines and outperforming the market, with GDS Holdings up nearly 7%.

The U.S. dollar index rebounded, approaching a four-week high, while the yen fell over 1% to a two-week low during the day. **The offshore yuan broke 6.88 during the day**, reaching a nearly three-year high after a week. Bitcoin narrowed most of its losses after dropping below $65,000, rising over 3% from its daily low at one point.

**U.S. Treasury** prices **and gold** both **retreated**. After hitting a new intraday high for the month for two consecutive days, gold turned to decline, dropping over 2% at one point. Spot silver fell over 3% during the day, but futures silver rose for five consecutive days. Ahead of U.S.-Iran negotiations, crude oil failed to rebound, turning to decline after rising over 1% during the day.

In the Asian session, A-shares opened the Year of the Horse with a bang, with the Shanghai Composite Index rising 0.9% on increased volume, resource stocks collectively surged, the yuan broke 6.89, and the Hang Seng Index fell over 2%, while Zhizhu surged 12%.

## Key News

> **China**
> 
> **State Council**: **Promote the development of the silver economy and elderly care services**, reviewed and approved the "Opinions on Strengthening Grassroots Fire Safety Work."
> 
> **China's LPR remains unchanged for nine consecutive months**: The 5-year LPR is 3.5%, and the 1-year LPR is 3%.
> 
> **China's Ministry of Commerce responds to U.S. tariff adjustments**: Will decide to adjust countermeasures against U.S. original fentanyl tariffs and reciprocal tariffs in due course.
> 
> German media: **German Chancellor Merz will lead a "large business delegation" to visit China**, visiting Beijing and Hangzhou, for which "unprecedented careful preparations" have been made.
> 
> Domestic computing power demand continues to explode, with **Inspur's non-recurring net profit expected to grow by 30% year-on-year by 2025**.
> 
> **Overseas**
> 
> **Trump will deliver a State of the Union address at 10 a.m. Beijing time on Wednesday**, with the market closely watching tariffs, cost of living, immigration, and geopolitics.
> 
> **Trump's 10% "global tariff" took effect on Tuesday**, while the implementation timeline for the **15% tariff has yet to be finalized**. Reports: **The U.S. is considering imposing a new round of tariffs on about six industries**, possibly including large batteries.
> 
> Reports: **Trump plans to use AI to set reference prices for key minerals**, with germanium, gallium, antimony, and tungsten included in the first batch.
> 
> **Chicago Fed President**: Current inflation "is not good enough," **tariff decisions will help cool inflation**. **Fed Governor Cook**: **Monetary policy may not be able to address the unemployment wave caused by AI**; **Director Waller**: **The Citrini report "exaggerates the potential impact of AI on employment."**
> 
> **Anthropic** **upgrades enterprise-level AI tools**, **expands into investment banking, HR, and other scenarios**, with announced partners like FactSet seeing **stock prices rise**, and Thomson Reuters up over 10%.
> 
> **Author of the Citrini "AI End Report"**: **Market panic exceeds expectations**, calling for an "AI tax" to address unemployment; the report suggests that Asian tech stocks are likely to be winners, specifically naming MiniMax and Zhipu; **White House economists**: **The Citrini report is purely "science fiction."**
> 
> **AMD** **reaches a $100 billion agreement order with Meta for 6GW computing power chips**, a five-year contract that directly competes with Nvidia, with stock prices rising nearly 9%.
> 
> **SanDisk** **is targeted by short-seller Citron, claiming supply tightness is a "mirage," and that the cycle is about to peak**, with stock prices dropping by as much as 8%.
> 
> **Novo Nordisk** **significantly lowers the price of its weight-loss miracle drug in the U.S. next year**, with reductions of up to 50%.

## Market Closing Report

**U.S. and European Stock Markets**: The S&P 500 rose 0.77%, closing at 6890.07 points, the Dow Jones rose 0.76%, closing at 49174.50 points, and the Nasdaq rose 1.05%, closing at 22863.682 points. The European STOXX 600 index rose 0.23%, closing at 629.14 points.

**A-shares**: The Shanghai Composite Index closed up 0.87%, at 4117.41 points. The Shenzhen Component Index closed up 1.36%, at 14291.57 points. The ChiNext Index closed up 0.99%, at 3308.26 points.

**Bond Market**:

**Commodities**:

## Key News Details

**Global Highlights**

**China**

State Council: Promote the development of the silver economy and elderly care services, review and approve the "Opinions on Strengthening Grassroots Fire Safety Work". The meeting pointed out that China's silver economy has great potential, and it is necessary to improve support measures, strengthen policy implementation, promote the development of elderly care services and industries, and provide strong support for addressing population aging. It is essential to further unleash silver consumption demand, enhance consumption capacity, leverage the guiding role of consumption subsidies and other policies, and create new scenarios and business formats for silver consumption.

China's LPR remains unchanged for nine consecutive months: As of February, the 5-year LPR is 3.5%, and the 1-year LPR is 3% Regarding this year's monetary policy, the central bank recently stated that the use of tools such as reserve requirement ratio cuts and interest rate reductions should be "flexible and efficient." "Flexible" indicates that monetary policy tools will be used appropriately based on changes in the internal and external environment and the needs of economic development; "efficient" means that when using tools like reserve requirement ratio cuts and interest rate reductions, more consideration should be given to the effectiveness and targeting of the policy, aiming to both support economic growth and strengthen the prevention of risks such as capital turnover and local debt.

China's Ministry of Commerce responds to U.S. tariff adjustments: Will decide to adjust countermeasures against U.S. original fentanyl tariffs and reciprocal tariffs in due course. The Ministry of Commerce stated that the U.S. has stopped collecting tariffs imposed under the International Emergency Economic Powers Act and has instead imposed a 10% import surcharge globally under Section 122 of the Trade Act of 1974. China is closely monitoring and will comprehensively assess the U.S. measures, and will decide to adjust countermeasures against U.S. original fentanyl tariffs and reciprocal tariffs as appropriate. China reserves the right to take all necessary measures to firmly defend its legitimate rights and interests.

"Never been so meticulously prepared"! German media: German Chancellor Merz will lead a "large business delegation" to visit China, visiting Beijing and Hangzhou. According to Global Times, Merz will lead a "large business delegation" consisting of about 30 executives from companies such as Volkswagen and Siemens to visit China from February 25 to 26, marking his first visit to China. German media reported that Merz has made "unprecedented meticulous preparations" for this trip, aiming to strengthen economic and trade cooperation with China and seek a balance between national interests and value positions in response to changes in the international situation and uncertainties in China-U.S. relations.

Domestic computing power demand continues to explode, Zhongke Shuguang's net profit excluding non-recurring items is expected to increase by 30% in 2025. Zhongke Shuguang is expected to achieve revenue of 14.97 billion yuan in 2025, a year-on-year increase of 13.86%; the net profit attributable to the parent company is expected to be 2.113 billion yuan, a year-on-year increase of 10.54%. Notably, the net profit excluding non-recurring items is expected to reach 1.785 billion yuan, a year-on-year increase of 30.17%, with a growth rate significantly higher than the overall net profit, indicating that the internal growth momentum of the main business continues to strengthen. The growth is mainly due to the company's optimization of product structure and improvement of operational efficiency.

**Overseas**

Heavy national condition briefing before the midterm elections, market closely watches Trump, tariffs, cost of living, immigration, geopolitics. **Trump will deliver** a national condition briefing at 10 a.m. Beijing time on Wednesday, with core topics covering new policies to address high living costs, such as requiring tech giants to bear AI electricity costs and healthcare subsidy reforms. After the Supreme Court rejected his core tariff policy, the market is closely watching trade alternatives, while military mobilization in the Middle East has also intensified geopolitical concerns Trump's 10% "Global Tariff" Takes Effect on Tuesday, 15% Tariff Implementation Timeline Yet to be Finalized. The White House is bypassing Congress through Section 122 of the Trade Act, extending the tariff framework for 150 days, with reports suggesting the rate may further increase to 15%. The uncertainty has triggered global turmoil, with the EU and India urgently halting trade negotiations, and 60% of Americans expressing opposition. Analysts point out that the flexibility of using Sections 301 and 232 for tariffs is not as robust as the previous emergency powers, and related investigations may take months to complete.

Report: The U.S. Considers Imposing New Tariffs on About Six Industries, Potentially Including Large Batteries. The Trump administration is shifting tariffs towards a more difficult-to-overturn "national security" path under Section 232, attempting to expand the scope and sustainability beyond the 15% global tariff. The U.S. is preparing to initiate Section 232 investigations on six major industries, including batteries and chemicals, with semiconductors and robotics also on the waiting list.

The U.S. Supreme Court Rejects Emergency Tariffs, but Retailers Say: Don't Expect Price Cuts. Although the Supreme Court's rejection of emergency tariffs has favored businesses, the refund process is complex and lengthy (potentially taking years), and companies plan to use refunds to offset costs rather than reduce prices, making it difficult for consumers to benefit. Meanwhile, Trump has initiated new temporary tariffs, causing the effective tax rate to briefly drop before quickly rebounding to 13.7%, breaking consumer recovery expectations.

Report: Trump Plans to Use AI to Set Reference Prices for Key Minerals, with Germanium, Gallium, Antimony, and Tungsten Included in the First Batch. The Trump administration plans to utilize the Pentagon's AI project (OPEN) to establish reference prices for key minerals, aiming to build a global metal trading group. This mechanism intends to calculate costs using AI models, supplemented by adjustable tariffs to safeguard pricing power. The first batch focuses on four metals: germanium, gallium, antimony, and tungsten, aiming to attract allies and protect domestic mining companies through transparent pricing. Despite boosting the metal market, the effectiveness of AI pricing and international collaboration remains in question.

Federal Reserve Officials: Current Inflation "Not Good Enough," Tariff Decisions Help Cool Inflation. Chicago Fed President Goolsbee stated that while the Supreme Court's overturning of Trump's emergency tariffs has increased uncertainty, it may help cool inflation. Policy uncertainty has solidified businesses' wait-and-see stance but could bring relief on the inflation front. He emphasized the need to see broad evidence of inflation returning to the 2% target before supporting interest rate cuts. Despite recent inflation exceeding expectations and the market delaying rate cut predictions, he remains optimistic about "multiple" rate cuts within the year Federal Reserve Governor Warns: Monetary Policy May Not Address Unemployment Wave Triggered by AI. Cook stated that AI has initiated a generational shift in the U.S. labor market, potentially leading to an increase in unemployment rates. The Federal Reserve may not be able to respond with interest rate cuts, as monetary policy could be caught in a dilemma—lowering rates may not effectively address structural unemployment and could also drive up inflation; AI may first raise and then lower the neutral interest rate; **productivity statistics may take five to ten years to reflect the impact of AI**. Another Fed governor, Waller, believes that the **Citrini report, which triggered a sharp decline in stocks in software and other industries on Monday, “exaggerated the potential impact of AI on employment,”** emphasizing that AI is a tool and will not replace humans.

Don't Disrupt, Collaborate! Anthropic Upgrades Enterprise AI Tools, Expands into Investment Banking, HR, and Other Scenarios. Anthropic has released multiple AI plugins for the Claude Cowork agent, allowing enterprise clients to integrate the agent with commonly used business tools such as Gmail, DocuSign, FactSet, WordPress, and LegalZoom, and to deploy customizable plugins in areas such as financial analysis, stock research, private equity, wealth management, engineering, and HR. PwC has reached an agreement with Anthropic to accelerate the deployment of enterprise AI plugins in highly regulated industries. **Stock prices of partners like FactSet surged**, with Thomson Reuters rising by as much as 14%. Anthropic executives stated that the recent stock price declines may have been overreactions or misinterpretations, asserting that the company's AI models help businesses grow rather than replace existing operations; they have not found AI to be replacing jobs on a large scale, acknowledging that the impact of AI will vary across different positions and expressing concerns about roles focused on execution.

"Official Refutation": White House Economist Claims Citrini's AI Risk Report is Purely "Science Fiction". Pierre Yared, acting chair of the White House Council of Economic Advisers, dismissed the Citrini Research report on AI causing mass unemployment and dragging down the stock market as "science fiction," stating it contradicts basic economic principles. Pierre Yared emphasized that any innovation will come with "some fluctuations and disruptions," which is natural. He is more concerned with "research findings" rather than "apocalyptic scenarios from science fiction."

Citrini "AI Apocalypse Report" Author Speaks Out: Market Panic Exceeds Expectations, Calls for "AI Tax" to Address Unemployment. A report on the impact of AI triggered a global sell-off, with IBM experiencing a 13% drop in a single day, the largest in 25 years. Report author Shah bluntly stated that the market reaction was "far beyond expectations," warning that white-collar jobs could decrease by 5% in the next 18 months, and calling for the government to impose taxes on AI to curb the negative feedback loop of unemployment—if job losses occur faster than anticipated The overall consumer economy will face risks. He stated, "Nowadays, everyone is heavily invested in AI, and there aren't many incremental buyers left."

"The 'AI Doomsday' report suggests that Asian tech stocks are likely to be winners, specifically naming MiniMax and Zhipu". The Citrini report triggered a sell-off in U.S. software stocks but unexpectedly boosted Asian tech stocks, with the correlation of Asian-American tech stocks dropping to a seven-year low. The report's author emphasized that semiconductor, data center, and large model companies are the core beneficiaries of this round of AI trading, pointing out that the stock prices of China's MiniMax and Zhipu have doubled this month, and specifically naming TSMC, Samsung Electronics, and SK Hynix.

"AMD deeply binds with Meta, a $100 billion order is finalized, a five-year contract stands firm against NVIDIA". Meta and AMD have reached a strategic agreement worth $100 billion over five years, procuring 6 gigawatts (GW) of computing power chips and deeply customizing the MI450 processor. Meta exchanges procurement for warrants, potentially holding up to 10% of AMD's shares. This move aims to secure computing power supply through equity bundling and reduce reliance on NVIDIA, marking that AI giants are accelerating the global computing power race through deep customization and supply chain reshaping.

"How is the newly launched ChatGPT advertisement?" The commercial debut of ChatGPT's advertisement "flopped": the experience was criticized as worse than early Google! ChatGPT offers four advertising formats for large advertisers, from brand exposure to closed-loop transactions. Currently, the click-through rate is good, but the return rate is poor, along with performance data deficiencies and lack of CRM integration. Experts expect a turnaround in 6-12 months, but shaking Google's position will take time.

"SanDisk 'plummets'! Citron points out that supply tightness is a 'mirage', and the cycle is about to peak". SanDisk once fell by 8%. Citron has three main reasons for shorting: competition from Samsung, long-term investor Western Digital recently reducing its holdings, and historical patterns of cycle peaks. Citron pointed out that Samsung has stated it will not sell products below a 50% gross margin and is entering SanDisk's core SSD market with the most advanced chips; there is currently production capacity poised to double that of the 2018 peak, and once it hits the market, the supply-demand pattern could completely reverse in "one earnings call"; SanDisk cannot be priced like NVIDIA, "NVIDIA has a moat, while SanDisk sells commodities."

"Novo Nordisk significantly lowers the price of its weight-loss miracle drug in the U.S. next year, with a maximum reduction of 50%". Novo Nordisk announced that the monthly price of the semaglutide series of drugs in the U.S. will be uniformly lowered to $675, with a maximum reduction of 50%, effective January next year, aimed at addressing competition from Eli Lilly and market pressures The price reduction mainly benefits policyholders of high deductible plans and is unrelated to Medicare negotiation discounts. After the news was announced, Novo Nordisk's US stock fell by 3.6%, having already dropped over 16% on Monday due to poor new drug trial data.

**Research Report Highlights**

Overvalued Net Asset Value, Redemption Restrictions! Is the current "PE Private Credit Crisis" a new round of "subprime"? BDC discounts have reached a new high since the pandemic, and Blue Owl has restricted redemptions, spreading panic in the market. Deutsche Bank pointed out that the large declines in the stock prices of major listed private equity firms are due to opacity and exposure to the software industry, but the conditions for systemic risk are not yet in place. Investors need to closely monitor four key indicators, including credit spreads and regulatory changes, and be wary of discounts evolving from sentiment into fatal hard constraints on the financing chain.

**Domestic Macro**

Guangdong Provincial Party Secretary Huang Kunming: Maximize the "unbinding" for technological innovation and market exploration, allowing the low-altitude economy to "fly," autonomous driving to "run," and embodied intelligence to "be used.". Huang Kunming stated that reforms should be deepened to strengthen the institutional supply in new tracks and new fields, focusing on solving the problem of "old rules governing new productive forces," maximizing the "unbinding" for technological innovation and market exploration, ensuring that the low-altitude economy can "fly," autonomous driving can "run," and embodied intelligence can "be used," ensuring both "flexibility" and "good management."

The Panamanian government forcibly takes over ports owned by Li Ka-shing, the Hong Kong SAR government strongly protests: disregarding facts and betraying trust! According to Daily Economic News, on February 24, the Hong Kong SAR government expressed strong dissatisfaction and condemnation regarding the Panamanian government's forcible takeover of two ports operated by Hutchison Ports and the revocation of operating rights. The Panamanian government forcibly entered the Balboa and Cristobal container terminals operated by the Panama Ports Company, a subsidiary of Cheung Kong, taking over the administrative and operational control of the two container terminals and prohibiting representatives of the Panama Ports Company from entering the two terminals. As a result of the incident, the stock price of CK Hutchison fell by over 2.6%.

**Domestic Companies/Industries**

Optical communication surges across the board! 6G breakthroughs combined with AI computing power surge, the industry enters an acceleration phase.. A team from Peking University has achieved seamless integration between fiber optic and wireless communication systems, breaking three world records for data transmission rates. Meanwhile, domestic leading companies have AI optical module orders booked until Q4 2026, with production lines operating at full capacity. Guotou Securities believes that the value of the optical communication industry chain is accelerating towards upstream silicon photonic chips, high-performance lasers, and advanced packaging processes in the midstream.

Silver LOF compensates 90% of investors in full; how much will the fund company pay out? According to Daily Economic News, in response to the valuation adjustments caused by extreme market conditions for Silver LOF, Guotou Ruibin has launched a special compensation plan, with over 90% of investors set to receive full compensation According to the announcement from the actual controller Guo Investment Capital, the upper limit of the compensation amount is approximately 433 million yuan, exceeding the company's net profit for the entire year of 2024 (376 million yuan), fully reflecting the shareholders' support and the sincerity of investor protection.

Lei Jun: In the next five years, Xiaomi will focus on tackling core underlying technologies such as chips, AI, and operating systems. In the past five years, Xiaomi has entered the deep waters of "hardcore technology," investing hundreds of billions in research and development, achieving breakthroughs in core technology areas such as self-developed chips. Lei Jun stated at a private enterprise symposium that Xiaomi's goals are highly aligned with the spirit of the 14th Five-Year Plan. Xiaomi plans to focus on tackling core underlying technologies such as chips, AI, and operating systems in the next five years.

**Overseas Macro**

The U.S. is applying extreme pressure, Iran claims to be ready for war, Trump is "curious" why Iran does not yield. According to Global Times, a new round of negotiations between the U.S. and Iran is scheduled to take place on the 26th in Geneva. U.S. media Axios reports that this round of diplomatic negotiations may be Iran's last chance before the U.S. launches large-scale military action. According to U.S. media, Trump is inclined to initiate preliminary strikes within days, followed by larger-scale military strikes in the coming months to force Iran to "yield" and reach an agreement. Iran has responded that any attack from the U.S. will be considered an act of aggression, and it will respond strongly.

The labor market is recovering moderately, with U.S. ADP averaging 12,750 new jobs per week, recording a month-on-month improvement for the fourth consecutive week. Data as of February 24 shows that in the four weeks ending February 7, U.S. private employers added an average of 12,750 jobs per week, marking a month-on-month improvement for the fourth consecutive week, continuing to rise from the low of 4,250 jobs at the beginning of January. However, the current growth rate is still two-thirds of the peak of 17,000-20,000 jobs per week in late November 2025, indicating that the employment recovery process has not yet fully bridged the previous decline.

JP Morgan CEO: The U.S. credit environment shows signs reminiscent of 2008, the AI-related software industry faces a wave of defaults risk. JP Morgan CEO Dimon warned that the current high asset prices and blind pursuit of profits remind him of the period before the 2008 financial crisis, and a reversal of the credit cycle could trigger unexpected waves of defaults, with the AI-disruptive software industry likely to be severely affected. He criticized some institutions for "doing foolish things" in pursuit of profits, exacerbating risks, while avoiding the issue of succession.

The yen plummets, Takagi Sanae expresses concerns about the Bank of Japan raising interest rates again. Takagi Sanae pressured the Bank of Japan against raising interest rates, causing market turbulence! Although the central bank attempted to downplay political interference, the news still significantly dampened interest rate hike expectations, leading to a rapid decline in the yen, with the dollar against the yen continuing to rise by 1%, and the decline in government bond yields expanding The competition between the Hong Kong government and the Bank of Japan intensifies, adding more uncertainty to Japan's monetary policy direction.

**Overseas Companies**

Cook fulfills $600 billion commitment: Apple accelerates AI server production in Houston, Mac mini to achieve "Made in America" for the first time. Apple announced on February 24 that it will launch Mac mini manufacturing in the U.S. for the first time in Houston later this year and expand AI server capacity. Since committing to a $600 billion investment in the U.S. last year, Apple has procured over 20 billion chips from 12 states, with supply chain projects from TSMC, GlobalWafers, and Aikou landing successively.

Apple's MacBook Pro to feature a touchscreen, along with Dynamic Island. Reports indicate that Apple plans to launch the first MacBook Pro models with touchscreens by the end of 2026, equipped with OLED displays and Dynamic Island functionality. The new models will support seamless switching between touch and mouse operations, with a dedicated menu popping up during touch. The "liquid glass" design of macOS Tahoe has been laid out in advance for this purpose. For decades, Apple has maintained a critical stance on touchscreen laptops, with co-founder Steve Jobs once labeling such experiences as "an ergonomic disaster."

Moodys warns: U.S. tech giants use accounting standards to "hide hundreds of billions in potential liabilities". Moody's warns that U.S. accounting standards have loopholes that allow tech giants like Meta and Oracle to exclude hundreds of billions in AI data center construction costs and guarantee obligations from their balance sheets through special purpose vehicles (SPVs) and short-term lease agreements. For example, Meta's $28 billion in residual value guarantees were not counted as liabilities because they did not meet the probability threshold set by accounting standards.

## Industry/Concept

1.  **Silver Economy** | According to Xinhua News Agency, at the State Council executive meeting held on the 24th, work related to promoting the development of the silver economy and elderly care services was discussed. The meeting pointed out that China's silver economy has great potential, and measures to support it need to be improved, policies need to be strengthened, and the development of elderly care services and industries should be promoted to provide strong support for addressing population aging. There is a need to further unleash silver consumption demand, enhance consumption capacity, leverage policies such as consumption subsidies, and create new scenarios and business formats for silver consumption.

Comment: Research institutions believe that the market size of China's elderly care industry is about 12 trillion yuan in 2023, and it is expected to exceed 20 trillion yuan by 2027. The elderly care service industry encompasses the clothing, food, housing, transportation, medical services, daily care, and entertainment of the elderly, characterized by its wide coverage, long industrial chain, and closeness to the needs of the elderly, making it an important segment of China's elderly care industry market with broad development prospects. Driven by both policy and market, the elderly care service industry faces new opportunities 2、**Aerospace** | According to Xinhua News Agency, to facilitate the deployment of a satellite network dedicated to artificial intelligence (AI), Elon Musk, CEO of SpaceX, envisions launching satellites into Earth orbit using electromagnetic propulsion from the Moon. According to reports from the French Future Science website, Musk intends to build a giant electromagnetic propulsion device and a satellite assembly plant on the Moon, with the former launching satellites into Earth orbit. The report from Future Science suggests that, theoretically, Musk's idea of launching satellites from the Moon is not without merit. The Moon's low gravity, lack of atmosphere, and abundant solar energy create conditions that can significantly enhance launch efficiency compared to launching from Earth, making the deployment of large satellite constellations simpler and allowing for avoidance of the spacecraft and debris that clutter near-Earth orbit.

3、**Semiconductors** | According to Beijing Daily, on February 23, Qiu Chengguang, a researcher at the School of Electronics at Peking University, stated that the team has creatively developed the smallest and lowest power-consuming ferroelectric transistor to date, which is expected to provide core device support for enhancing the computing power and energy efficiency of AI chips. Qiu Chengguang noted that this technology breaks the physical limitations of traditional ferroelectric transistors, reducing energy consumption by an entire order of magnitude compared to the best international levels. He explained that the nano-gate ferroelectric transistor, characterized by ultra-low operating voltage and extremely low energy consumption, not only provides core device solutions for building high-energy-efficiency data centers but also lays a critical technological foundation for the development of the next generation of high-performance AI chips.

4、**Diamond** | According to Securities Times, on February 23, Akash Systems announced the official delivery of the world's first NVIDIA GPU servers equipped with Diamond Cooling technology to the Indian sovereign cloud service provider NxtGen AI Pvt Ltd. This batch of products is based on the NVIDIA H200 platform and marks the world's first application of "diamond thermal conductivity technology" in commercial AI server systems, achieving an innovative breakthrough at the material level.

5、**Satellite Internet** | According to Securities Times on February 24, China Star Network recently officially launched two key procurement projects to accelerate the implementation of the satellite internet industry, focusing on terminal hardware and intelligent infrastructure. The first project involves the procurement of productized phased array broadband terminals with an equivalent aperture of 0.45 meters, which has entered the supplier invitation negotiation process, primarily in regions such as Beijing and Xi'an. The second project is aimed at building digital model training capabilities in the field of artificial intelligence, which has already opened for public bidding, with construction funds fully secured.

According to previous tenders from the China Star Network Application Research Institute, the winning companies for the 0.45-meter phased array broadband terminal antennas include Feisi Communication, Aerospace Xingxing, Shenzhou Yutong, and Mengsheng Technology, with bid prices ranging from 179,000 to 222,000 yuan per set, indicating that the industry chain has the capability for mass delivery. Market participants expect that with the advancement of low-orbit broadband communication satellite networking, there will be an "explosive" demand for such terminals, driven by military and emergency, Internet of Things, and public broadband scenarios simultaneously promoting the growth of the terminal sector.

6、**Quantum Computing** | According to China Securities Journal, on February 24, the Anhui Quantum Computing Engineering Research Center announced that China's first independently developed quantum computer operating system, "Benyuan Sinan," is now officially available for online download This is the world's first open-source quantum computer operating system, which will effectively lower the development threshold and accelerate the autonomous construction of China's quantum computing ecosystem.

1.  **Vocational Education** | According to the Ministry of Education's website, the Ministry recently issued the "Opinions on Deepening the Reform of Key Elements in Vocational Education Teaching," comprehensively deploying local vocational schools to carry out coordinated reforms of key teaching elements such as majors, courses, teaching materials, teachers, and internships, promoting the transformation of talent cultivation from traditional knowledge transmission to comprehensive ability enhancement, facilitating a systematic leap in vocational education, effectively achieving high-level school-running capabilities and high-quality integration of industry and education, and forming an ecosystem for cultivating high-skilled talents in vocational education.

## Today's News Preview

The new fiscal budget proposal for Hong Kong, China will be announced.

Eurozone January CPI.

Remarks by Richmond Fed President Barkin and St. Louis Fed President Bullard.

**NVIDIA earnings report.**

**Apple holds the 2026 Annual Shareholders Meeting.**

U.S. EIA crude oil inventory changes last week.

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Hims & Hers Stock Stumbles - Cautions About Pressure Due To Super Bowl Ad, Change In Shipping Cadences | Hims & Hers Health Inc. (NYSE:HIMS) shares fell 6.90% to $14.44 in premarket trading after reporting mixed Q4 earnings.  | [Link](https://longbridge.com/en/news/276744332.md) |
| First Solar In The Spotlight Ahead Of Q4 Earnings | First Solar, Inc. (NASDAQ:FSLR) is trending ahead of its Q4 earnings report, expected to show EPS of $5.15 and revenue o | [Link](https://longbridge.com/en/news/276757729.md) |
| QUOTES-Analysts' comments after Anthropic unveils new plug-ins | On February 24, Anthropic introduced 10 new plug-ins aimed at enhancing business operations in investment banking, wealt | [Link](https://longbridge.com/en/news/276760305.md) |
| Roblox CEO Baszucki David Reports Open Market Sale Of 4,045 Shares Of Class A Common Stock On Feb 20 | Roblox CEO David Baszucki reported the open market sale of 4,045 shares of Class A common stock on February 20 at an ave | [Link](https://longbridge.com/en/news/276799143.md) |
| BUZZ-Larimar jumps on FDA's 'breakthrough' tag for neurological disorder therapy | Shares of therapy developer Larimar Therapeuticsjump 32% to $3.71 premarketCo says the U.S. FDA granted a breakthrough d | [Link](https://longbridge.com/en/news/276742755.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.