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27.09.26 - 03:48
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Rickards: The Real In AI Is Not ′Super-Intelligence′, It′s China (ZeroHedge)
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Rickards: The Real In AI Is Not 'Super-Intelligence', It's China
Authored by James Rickards via The Daily Reckoning,
It's past time to look beyond the AI hype. The stock valuations of the leading hyperscalers and frontier AI modeling companies are almost certainly in bubble territory. But the market will sort that out in time.
We all know the names of the AI stocks whether from the hardware, software or compute vectors - Apple, Microsoft, Meta, Google (Alphabet), Amazon, OpenAI, Anthropic, NVIDIA and a few others.
Some of these names have valuable core businesses independent of the AI bubble. Others are pure AI plays. All will be hurt to a greater or lesser extent when the AI bubble bursts.
Still, bubbles can get bigger before they pop and they can take far longer to pop than many market participants realize. It's not prudent to short these names but one should definitely lighten up on long positions. Moving portfolio allocations to cash and hard assets is a good way to weather the coming...
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26.09.26 - 09:00
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How Alibaba is using AI to revamp its mapping app – and take on Meituan (SCMP)
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Late last year, Zhang Xuan's small beef noodle joint in Shanghai suddenly began seeing a dramatic surge in orders. Sales over the past few months have been 50 to 60 per cent higher than normal, he estimates.
The driver? The new Street Stars feature on Chinese tech giant Alibaba Group Holding's Amap mapping app, which listed Zhang's eatery as the fourth best restaurant in Shanghai's Changning district.
Prominently displayed on Amap's main page, the system uses artificial intelligence to rate......
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25.09.26 - 06:30
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MNSO Repurchases 92,400 Shrs Thu for USD206,200 (AAStocks)
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MNSO (09896.HK) announced that it repurchased 92,400 ADRs of MINISO Group Holding Limited (MNSO.US) on the New York Stock Exchange yesterday (24th), at a price ranging from USD2.2175 to USD2.24 per share, involving approximately USD206,200.AASTOCKS Financial NewsWebsite: www.aastocks.comThis article was automatically translated ......
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25.09.26 - 05:06
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Shanghai Gold Exchange pushes more Chinese banks to end retail leverage trading (SCMP)
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At least a dozen Chinese banks intend to wind down retail leveraged precious-metals trading – a practice in which everyday investors post margin deposits to speculate on gold and silver contracts without owning the physical metal.
The retreat comes amid sharp swings in international gold prices. Sources at two banks, including the Industrial and Commercial Bank of China – the world's largest lender by assets – said that this round of withdrawals was mandated by the Shanghai Gold Exchange,......
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