HK, US stocks top stories

Before the US stock market opens, Intel is down about 13%. AI demand is being realized, but supply is expected to reach a "low point." Intel's Q1 guidance is disappointing

ORCL: Picking up scraps, leaning on deep‑pocketed patrons—fighting to survive?

Previously, Dolphin Research profiled CoreWeave, an emerging AI-era 'new cloud' leader, as an entry point into the U.S. IaaS space. This time we turn to a more pivotal player — $Oracle(ORCL.US), one of OpenAI's primary partners. As the first note in our coverage, Dolphin Research will focus on two questions. 1) A high-level review of the company's history, tracing how a 50+ year incumbent evolved into a new force in cloud services; 2) A clear breakdown of its business and revenue mix...

The Japanese yen has rebounded sharply! The market doubts official intervention, and the Japanese Finance Minister refuses to acknowledge it: "We are always keeping a close watch."

The Japanese yen experienced dramatic fluctuations of "first falling then rising" after the press conference with Ueda Kazuo, peaking at 157.37, triggering strong speculation in the market about "exchange rate checks" or direct intervention by authorities. In response to external doubts about the government's support for the yen, Finance Minister Katayama Sakue refused to respond directly. Combined with the fiscal expansion pressure before the election, the market is highly vigilant regarding the yen's performance at key levels and official movements next week

Capital rotation drives the US dollar weaker, Asia-Pacific stock markets rise broadly, gold approaches the 5000 mark, and silver touches the 99 level

Global funds are accelerating their inflow into more attractively valued Asian markets. On Friday, the Asia-Pacific stock markets generally rose, with the MSCI Asia-Pacific Index up 0.5%. Chip stocks performed prominently, and the South Korean Composite Index broke through 5,000 points, reaching new highs. Analysts believe that due to uncertainty in U.S. policies, funds are shifting from overvalued U.S. stocks to Asia, driving the U.S. dollar weaker. Precious metals surged strongly, with spot gold breaking through $4,960 per ounce to reach a historic high, and silver touching the $99 mark

Hitting TACO! U.S. retail investors set a record for bottom-fishing in panic, with a net purchase of nearly $13 billion in a single week

Retail investors in the US stock market accurately implemented the "TACO" strategy this week, net buying $12.9 billion amid market panic, pushing the total rolling buy amount on the 21st to surpass the historical threshold of $45 billion for the first time. The allocation of funds shows a trend towards balance: shifting from a previous focus on ETFs to a dual emphasis on individual stocks and ETFs, with the technology sector and precious metals ETFs becoming key investment directions

Eurozone January Manufacturing PMI preliminary value 49.4, expected 49.2, previous value 48.8

The Eurozone's January Manufacturing PMI preliminary value is 49.4, slightly higher than the expected 49.2, and the previous value was 48.8. The Services PMI preliminary value is 51.9, lower than the expected 52.6, and the previous value was 52.4. The Composite PMI preliminary value is 51.5, in line with the previous value, but lower than the expected 51.9. Market risk warning, investment should be cautious, and this article does not constitute personal investment advice

How far have domestic surgical robots come?

Zhejiang Merchants Securities research report states that with the implementation of the medical insurance bureau's charging catalog policy and the accelerated expansion of overseas markets, the industry is expected to transition from the early development stage to a rapid growth phase. The medical insurance bureau's charging catalog policy will be implemented in 2026, clearly defining the charging framework for four types of robots, which will significantly lower the admission threshold. Leading companies such as MicroPort and EDGE MEDICAL are experiencing rapid growth in overseas orders, making overseas expansion a new engine for growth. It is expected that by 2032, the market size of surgical robots in China will surge from 7.2 billion yuan in 2024 to 76.7 billion yuan, with a compound annual growth rate of 34%

AH shares fluctuated higher, the photovoltaic sector surged, triggering a wave of limit-up stocks, precious metals rose sharply again, Alibaba increased by over 3%, and metal futures rallied across the board

The precious metals concept has repeatedly strengthened, with Baiyin Nonferrous achieving a 4-day limit up, and Yuguang Gold&Lead, China Gold, SC GOLD, SDR, and XINGYE SILVER&TIN among the top gainers. The photovoltaic concept has exploded across the board, with the space photovoltaic sector leading the rise. Drinda has achieved a 2-day limit up, and GCLSI, JINCHEN MACHINERY, MYSE, TOPRAYSOLAR, and many other stocks have hit the limit up, while Longbridge, Maxwell, and Risen Energy have risen over 10%

From 4 weeks to a few days: Wall Street understands "TACO," the trial period for Trump’s policies has clearly shortened

Wall Street has deeply embedded the "TACO" logic, with the response cycle to the threats of Trump’s policies shortening from weeks to days. The tariff turmoil with Greenland led to a one-day evaporation of a trillion dollars in the U.S. stock market, and the pressure forced Trump to quickly concede, highlighting the high sensitivity of his decisions to stock market fluctuations. Analysts warn of the "boiling frog" risk, as investors are hedging against potential extreme policy shocks by increasing their holdings in assets like gold

Blind-box craze and buybacks fuel POP MART surge; Musk says 'Robotaxi will be ubiquitous in the US this year' | Daily News Recap

0123 | Dolphin Research Focus: 🐬 Stock 1, $BABA-W(09988.HK). After BIDU's Kunlun Chip moved toward an IPO, reports last night said Alibaba is weighing a restructuring of its T-Head semiconductor unit and an independent listing; the company has not commented.T-Head focuses on chip design, offering a full-stack lineup including Xuantie CPUs and Yitian server chips. Its PPU delivers standout performance and is already in large-scale commercial use, with the headlines lifting Alibaba shares by over 2%.Stock 2, $POP MART(09992.HK). Pop Mart has rallied for several consecutive sessions, and on the news side...

Banking Race in Space Infrastructure: The Path Advancement from "Buy the Map Faction" to "Launch Faction"

In the landscape of financial technology, the sky is becoming an extension of the ground credit battlefield. In January, near the waters of Rizhao, Shandong, China Merchants Bank's "Zhaoyin Jinkui No. 1" and…

IDC: Global humanoid robot shipments will reach 18,000 units in 2025, with Zhiyuan firmly in the top position!

The IDC report shows that global humanoid robot shipments will reach 18,000 units in 2025, a year-on-year increase of 508%. Chinese manufacturer Zhiyuan ranks first in the world with a shipment of 5,200 units and ranks first in the full-size segment with 1,300 units. Zhiyuan ranks first in five major scenarios: entertainment performances, scientific research education, data collection, guided shopping, and industrial intelligence manufacturing

The "Fundamental Triffin Dilemma" and the Rise and Fall of the Global Dollar Cycle

This article explores the rise and fall of the global circulation of the US dollar since the 1980s and its impact on the global economy. As a major trade deficit country, the flow of the dollar has facilitated global imbalances. After the dollar decoupled from gold, the global economy entered the "Jamaica System," exacerbating the imbalance phenomenon. Currently, the strength of the dollar threatens the long-term hegemony of the United States, forming the "fundamental Triffin dilemma." The "reciprocal tariff" policy introduced by the United States in 2025 is seen as a measure to curb the large circulation of the dollar, marking the beginning of its decline. China should learn from this and promote the internationalization of the renminbi and the expansion of domestic demand

Li Auto is ready to make a comeback at home

To regain lost ground

Is weak U.S. imports and a data vacuum from China's Spring Festival a short-term headwind for copper prices?

Morgan Stanley believes that copper prices are supported by expectations of interest rate cuts and an extreme supply shortage (with a projected deficit of 600,000 tons in 2026), placing them on a long-term bullish track. However, in the short term, U.S. import momentum has weakened due to adjustments in tariff expectations, coupled with a demand vacuum period before the Chinese New Year and seasonal inventory accumulation, leading to micro-adjustment pressures in the market. Although supply constraints are helping to establish a price floor, short-term volatility risks still exist