CITIC Securities says the near-term correction in US tech stocks reflects revisions to monetary policy expectations, crowded positioning and idiosyncratic company noise. The firm views the AI bull case as self-reinforcing and unlikely to reverse in the short term, but notes industry progress remains well short of a fully commercial closed loop and needs more high-value monetization scenarios. Rising long-end bond yields and very limited market fault tolerance imply sustained high volatility. Clo

以色列国防军：枪击现场的恐怖分子已被击毙。士兵们与医疗人员一起，开始对其他恐怖分子进行广泛搜查，并为受伤者提供医疗救助。更多士兵正在前往现场。

Sources say tech investor Sriram Krishnan, the architect of the Trump administration’s pro-industry AI policy, plans to leave the White House at month-end to found an external organization aimed at influencing technology policy. Krishnan helped design the administration’s AI Action Plan, which proposed easing regulation of new technologies and accelerating a nationwide data-center buildout, and he assisted in drafting an executive order to limit state-level AI regulation. But advanced models such as Anthropic’s Mythos have shown the ability to find software security vulnerabilities, raising senior government concerns about cyberattack risk and prompting some officials to reassess the administration’s deregulatory course.