Ariel95

MAS is more on the side of "fighting inflation," but will do so in a very cautious manner, rather than turning fully hawkish.In other words, it's less like "completely standing on the sidelines," and more like gently tapping the brakes first, then watching oil prices and the Middle East situation.

【Week 1 – My Portfolio Health Check】

Currently, there is a triple layer of uncertainty: geopolitics (Iran vs. the US); oil price risk premium (Strait of Hormuz); divergent policy paths (the Federal Reserve). Therefore, the portfolio objective is not "offense," but rather: inflation resistance + volatility resistance + preserving upside flexibility.

[ Day 6 – Investment Diary ] + #MyInvestmentDiary

[ Day 14 – Investment Review ] + #MyInvestmentDiary

Alibaba Releases AI Chip: Game Changer or Noise?Core Assessment: Moderately positive in the medium term, but more likely "narrative-driven" in the short term, not a fundamental inflection point.Key Points:	•	Positioning: If it's a self-developed inference/training chip (similar to Alibaba's previous Hanguang/Yitian architecture upgrades), the focus is on cost reduction + computing power autonomy.	•	Competitive Landscape: The AI chip market is still dominated by NVIDIA, with deep ecosystem barriers (CUDA).	•	Differentiation Potential:	•	Cloud provider self-use (reducing cloud costs)	•	Vertical scenario optimization (e-commerce recommendations, advertising, search)Conclusion:	•	Positive for cloud business profit margins (long-term)	•	Difficult to shake up the global AI chip landscape in the short term

Under the food delivery war that Meituan has been engaged in since Q2, the biggest impact has been on local commerce. Full-year sales and marketing expenses increased by over 80% year-on-year, with subsidies basically consuming all gross profit. Combined with losses from other business lines, the effects are piling up.In the long term, AI may not necessarily help this labor-intensive company. In the short term, we can probably only hope for the food delivery war to stop quickly.