U.S. crude futures settled at $71.41 a barrel, down $0.67 or 0.93%.

UBS Global Wealth Management strategists said in a report they expect AI-driven industry growth to support higher long-term equity returns, but recommend investors take a diversified approach to AI exposure. They favor semiconductor equipment, foundries, CPU-related compute infrastructure and storage chips, and see defensive plays in data-center REITs and payment networks.

Sugon announced at the 2026 Intelligent Computing Applications Conference that it has commissioned Shuguang 8000 (Dengfeng), China’s first fully domestically produced 100,000‑AI‑accelerator‑card supercluster, and has launched development of a second 100k‑card system. The Shuguang 8000 adopts a “super‑intelligent fusion” architecture to meet full‑precision, large‑scale compute demands for large models and scientific AI, supporting FP64–INT8 precision. It targets scientific computing, large‑model training, AI inference and industrial simulation. The system is connected to the national integrated supercomputing network; on its 100k‑card core nodes Sugon says it has completed 300+ application optimizations across 20+ frontier areas including large models, robotics, quantum computing and new materials. More than 70 applications have been scaled to ~10,000‑card deployments, validating core‑node stability and reliability under large‑scale, high‑load research tasks.