NVIDIA (NVDA.O): Japanese companies are using NVIDIA's Nemotron to build AI models.

Guotai Haitong Asset Management says the CSI TMT index is trading near historical highs and sector-wide downside risk is building, calling for greater emphasis on risk management. With popular sub-sectors largely priced to perfection, strategies should be more cautious and rigorously weigh risk/reward, shifting toward deeply discounted recovery assets and structural opportunities driven by frontier tech innovation. Following a sharp early rally, market growth expectations for the AI compute supply chain are largely priced through 2027; incremental growth beyond that will be highly dependent on realization of AI commercialization revenues and sustained financing, which increases long-term uncertainty. Allocate compute exposures more conservatively and avoid chasing rallies.

国外 1. 高盛：若海湾石油出口恢复停滞，布伦特原油或飙升至110美元上方。 2. 巴克莱：韩国央行上次会议上调增长与通胀预测，为明确的加息信号。 3. 荷兰国际：欧美短端利差收窄支撑欧元，但油价上涨或限制升势。 4. 澳新银行：将年末黄金价格预测下调至每盎司4600美元。 5. 加皇银行：经济改善支撑“观望”立场，加央行料连续第六次维持利率不变。 6. 加皇银行：预计加拿大央行将维持利率不变，2026年经济增速或大幅下调。 国内 1. 中金：维持美联储年内不加息的基准判断，但加息门槛已然下降。 2. 中信证券：继续全面看好国产算力产业链。 3. 中信证券：美国6月CPI全面低于预期，仍预计美联储今年全年按兵不动。 4. 东方金诚：全年经济将呈现“V型”走势。 5. 东方金诚：10年期美债收益率中枢大概率将继续抬升。 6. 华泰证券：业绩期关注AI、涨价、制造三大线索。 7. 招商证券：电子布正处于超级景气周期，行业驱动力转向业绩增长。