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In a July 25 interview with foreign media, Nvidia CEO Jensen Huang discussed US-China AI competition, saying exceptional talent will find strong solutions and that China is destined to produce world-class AI technology; the industry should continue t

2026-07-26

In a July 25 interview with foreign media, Nvidia CEO Jensen Huang discussed US-China AI competition, saying exceptional talent will find strong solutions and that China is destined to produce world-class AI technology; the industry should continue to learn from and cooperate with Chinese talent.

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2026-07-26

Iranian Foreign Minister: Ukrainian President Zelensky attacked an Iranian merchant ship, resulting in the death of a sailor. This is a blatant violation of the UN Charter, orchestrated by Israel, with the aim of dragging Europe into war.

Iranian Foreign Minister: Ukrainian President Zelensky attacked an Iranian merchant ship, resulting in the death of a sailor. This is a blatant violation of the UN Charter, orchestrated by Israel, with the aim of dragging Europe into war.
2026-07-26

CITIC Securities says the latest Middle East-driven second oil shock follows exhaustion of earlier buffers and is not a simple replay of the first shock; the most crowded trades in the two episodes differ, so Q2 market patterns are unlikely to repeat

CITIC Securities says the latest Middle East-driven second oil shock follows exhaustion of earlier buffers and is not a simple replay of the first shock; the most crowded trades in the two episodes differ, so Q2 market patterns are unlikely to repeat. The conflict is increasingly unpredictable and the risk of prolonged tension has risen, making short-term de-risking unavoidable. However, price, volume and sentiment indicators show the negative moves are largely reflected in near-term extreme declines and the de-risking phase is approaching its end. CITIC sees a high probability of broad rotational repair in August and favors three convergence trades: 1) narrowing of excess returns between AI-chain upstream hardware/price-sensitive names and downstream platform companies; 2) valuation catch-up of domestic non-AI industrials versus overseas peers; 3) convergence between tech and non-tech sectors.
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