Mizuho analyst Vijay Rakesh said a Q2 earnings beat for NVIDIA (NVDA.O) is largely priced in and the market will focus on guidance for AI capital spending and next‑year AI revenue. He models adjusted EPS of $2.08 and revenue of $92.0 bln but expects actuals to be materially higher, and he retains an Outperform rating with a $300 PT. Rakesh called Wall Street's $550 bln next‑year AI revenue estimate conservative, saying NVIDIA's recent financing with a Wall Street consortium and SpaceX's plan for

MiniMax (00100.HK) said on its Aug. 26 interim-results call that R&D on MiniMax M3.1 and M3Pro will continue; M3Pro’s parameter scale is expected to rise to about 3 trillion parameters. The company plans to expand reinforcement learning and long-range task training to improve model generalization and raise the model’s intelligence ceiling. Founder and CEO Yan Junjie said MiniMax will push coordinated improvements in model intelligence, inference efficiency and infrastructure, and accelerate R&D and release cycles for the M and H series.

8月26日A股低于3%换手率股票占进一步比升至68.10%，续刷4月以来新高；高于5%换手率股票占比进一步降至16.65%，跌破阈值水平；整体来看换手率仍在延续7月以来震荡下行的趋势。 -------- 注：1、当换手率低于3%的股票占比上升，尤其是接近历史高位附近（图中虚线，图为反转走势）时，意味着市场很有可能遇到一个阶段低点，容易产生反转或反弹。 2、当高换手率高于5%的股票占市场总数比例保持在阈值（图中虚线）上方，市场才会出现强的赚钱效应，使得行情具有持续性。牛市的时候，该指标会持续保持在阈值上方，市场迎来普涨行情；而熊市的时候，该指标大多时候在阈值下方，偶尔超过阈值反而要小心冲高回落的风险。