会议 · 9778

Goldman Sachs: AI deal recreates July-style deleveraging, storage and data center segments are the most attractive

Comparing the news, Goldman Sachs believes that this week's market trend is a typical deleveraging market, similar to the underlying logic of the July sell-off. Goldman Sachs's high beta momentum portfolio fell 12% this week, and the AI hedging portfolio fell 10% on the 5th. Although leverage levels in the AI sector have fallen from extremely high levels, inertial funds are still driving rapid and indiscriminate bargain purchases. Goldman Sachs said that AI trading is not over, but the stage of relying on the overall rise in the sector to obtain excess income is changing. Currently, the focus should be on finding opportunities for a clear divergence between stock prices and earnings per share. Among them, the storage and data center sector has the most prominent valuation gap, and profit recovery has not been fully reflected in stock prices, so it is the most tactically attractive. Nvidia's second quarter earnings report and September industry conference will be the next catalyst. At the same time, the momentum factor is being readjusted. Software has replaced semiconductors as the maximum weight for the three-month momentum multi-head combination, while semiconductor/AI complexes have entered the short mix. Goldman Sachs said that capital is still shifting to areas previously overlooked, such as the Bank of Europe and Japan, gold miners, and copper stocks.

1m ago

Walsh will speak in Jackson Hole for the first time as Chairman of the Federal Reserve

Comparatively speaking, Federal Reserve Chairman Walsh will speak at the Jackson Hole Annual Economic Conference on August 27. Investors are expecting him to clarify the Federal Reserve's strategy for dealing with stubborn inflation, but it is uncertain whether he will make a clear statement. Walsh did not disclose his economic views after the July policy meeting, and long-term bond yields climbed to a 20-year high as a result.

2h ago

Iraqi President: Some ships carrying Iraqi oil have been allowed to pass through the Strait of Hormuz

Comparative news. According to CCTV news reports, on the 22nd local time, Iraqi President Amidi said that the Iraqi side had previously communicated with visiting Islamic Assembly Speaker Kalibaf and conveyed a message to Iran about re-examining the relationship between the two countries. Amidi also said that some ships carrying Iraqi oil have been allowed to pass through the Strait of Hormuz. Amidi stressed that the Iraqi government must engage in dialogue with militias, achieve mutual understanding, and resolve arms control issues through a plan that conforms to the interests of the Iraqi nation and nation. He said that Iran has not asked Iraq to postpone the national arms control process.

14h ago

Iraq confirms that some oil tankers have obtained permission to pass through the Strait of Hormuz

Comparative news, according to an Arabian TV report, the Iraqi President said: We have discussed the issue of re-examining the relationship between Baghdad and Tehran with Iranian Parliament Speaker Kalibaf. It is true that some ships carrying Iraqi oil have now been allowed to pass through the Strait of Hormuz. As far as the current situation is concerned, I think the US wants to reach an agreement to end the war with Iran. I have to say that we are the country most affected by the war, and the government is doing its best not to get involved.

15h ago

Iraqi media: Iran decided to allow some Iraqi oil tankers to pass through the Strait of Hormuz

Comparative news is that during Iran's Parliament Speaker Kalibaf's visit to Iraq, one of the most important demands Iraq made to Tehran was to issue special permits for oil tankers belonging to Iraq to pass through the Strait of Hormuz. This request has previously been submitted to Iran several times through various channels. Although Iran is undergoing the harshest military action and the security situation in the Strait of Hormuz has seriously deteriorated due to US hostilities, Iran finally decided to issue permits to some Iraqi oil tankers to pass through the Strait of Hormuz.

16h ago

Review of this week's macro hot topics: the US debt crisis, AI infrastructure, and geopolitical conflicts are the main lines of the market this week

Comparing news, the global market this week focused on US debt pressure, AI capital expansion, and the US-Iran economic game. After the US Treasury expanded the scale of long-term treasury bond repurchases, US bond yields declined briefly, but the market feared that fiscal deficits and debt growth pressure would be difficult to ease through liquidity tools. The US federal government debt surpassed 40 trillion US dollars for the first time. The yield on 30-year US bonds once rose to a high level since 2007, and the global long-term bond market was under pressure simultaneously. The minutes of the Federal Reserve's July meeting show that internal hawkish forces are growing, and there are more than three voting members supporting interest rate hikes. Some officials are concerned that tariffs, energy prices, and AI infrastructure investments could drive up inflation. Meanwhile, Federal Reserve Chairman Walsh suggested that in the future, consideration could be given to reducing the number of annual meetings from 8 to 6. Driven by the weakening dollar and risk aversion, gold broke through the 4,600 US dollars/ounce mark this week and rose for the third week in a row; crude oil was higher, supported by the risk of the Strait of Hormuz and expectations of US sanctions against Iran. Geographically, the US-Iran relationship is shifting to putting pressure on the economy. The US plans to weaken Iran's economy by expanding sanctions and economic isolation, while Iran is studying countermeasures against energy transportation nodes, and the safety of the Strait of Hormuz has become the focus of market attention. In the field of technology, AI infrastructure competition continues to escalate. Nvidia guarantees up to $105 billion for the OpenAI data center project, and Broadcom is also planning an AI financing plan of up to $100 billion. Meanwhile, Anthropic's revenue surpassed OpenAI for the first time, and plans to advance IPOs, further intensifying AI companies' commercialization competition. On the capital market side, Yushu Technology skyrocketed on the first day it landed on the Science and Technology Innovation Board. At one point, its market capitalization exceeded 44 billion yuan, and founder Wang Xingxing's net worth increased dramatically. South Korean semiconductor giant SK Hynix announced a repurchase plan of approximately 40 trillion won, and Samsung is also planning to increase shareholder returns. Furthermore, trade negotiations between the US and Canada ushered in a critical window. The US suspended the imposition of up to 50% tariffs on Canadian goods for three days, and the two sides continued to seek trade agreements. The core logic of the market this week still revolves around three themes: whether US fiscal pressure worsens further, whether AI capital investment is forming a new round of asset bubbles, and whether global geopolitical risks are driving safe-haven assets to continue to rise.

19h ago

[Comparative Daily News Picks] Anthropic plans to include anti-AI sentiment as the main risk factor in the prospectus; Strategy's stock price hit a two-month high, and STRC returned above $96; Bernstein: Even if the “Clarity Act” is not passed, the SEC and CFTC will speed up rule-making; Dalio: The US debt crisis may break out within three years, and it is recommended to increase gold holdings

Daily AI · Crypto · Macro · Market Highlights, Bitpush helps you set priorities ↓ AI · News [Anthropic plans to include anti-AI sentiment as the main risk factor in the prospectus]. According to CNBC, Anthropic is expected to list the public's negative sentiment about artificial intelligence and data centers as a risk factor in the IPO prospectus to be released in the next few weeks. According to people familiar with the matter, Anthropic recently held a pre-listing “market trial” meeting with bankers and investors. Investors focused on competitive pressure, the impact of open source models on profit margins, and the risks that may be brought about by a slowdown in data center construction. Anthropic is currently valued at close to $1 trillion in the private equity market and is preparing to hit a major IPO. However, as Americans' concerns about AI replacing employment and data center expansion heat up, the related backlash sentiment is becoming a new challenge facing the company's listing. The company has previously achieved an annualized revenue operating rate of more than 65 billion US dollars. [Apple cuts Siri and Vision Pro team positions, and resources shift to AI and new devices] Compared to news, Apple (AAPL.O) is laying off employees from various teams responsible for Siri's digital assistants and Vision Pro headsets. The total impact of this layoff is more than 200 people. Of these, about 100 jobs in the Vision Pro department have been abolished, and about 100 other positions in the Siri and software teams have been cut. The move is part of the company's efforts to focus resources on new devices and artificial intelligence. People familiar with the matter said that in this adjustment, Apple has basically shut down a team dedicated to the Vision Pro game business, while also reducing the size of the department responsible for producing immersive video content for the device. Apple admitted in a statement that the company is making adjustments to some teams “to drive business development and provide the best experience for users.” [Castle Securities: Over 80% of the overall risk in the Situational Awareness Fund portfolio has been divested] According to the Financial Times, Castle Securities founder Ken Griffin responded to the company's acquisition of Situational Awareness assets under Leopold (Leopold) in a letter to clients on Friday. According to a letter obtained by CNBC, Griffin told clients that Castle Securities had divested more than 80% of the overall risk in the original purchased portfolio by conducting more than 100 major transactions (with a market value of more than $4 billion). In his letter, Griffin wrote, “A transaction of this scale would not have been possible without the full cooperation of the transaction teams and lead brokerage teams of the banks serving the two companies. I am very grateful for their dedicated efforts to complete the portfolio transfer quickly.” Griffin also confirmed that the company's flagship multi-strategy fund, the Wellington Fund, had a return of 5.94% in July, which is the fund's best monthly performance since 2022. [AI cloud company Nscale seeks to raise 3 billion US dollars in US IPOs] In comparison, AI cloud company Nscale is reportedly seeking to raise 3 billion US dollars in a US IPO. In the crypto market [Strategy stock price hit a two-month high, STRC returned above $96], the Bitcoin treasury company Strategy (MSTR) stock price rose to a two-month high today as the Bitcoin price briefly broke through $79,400. It broke through $120 during the intraday period, then partially regained its gains. Meanwhile, the price of STRC, Strategy's preferred stock product, also surpassed $96 for the first time since June. Previously, STRC's price once fell below $70 due to concerns about its ability to pay dividends and the ability of the stock price to maintain the $100 target for a long time. [Bernstein: Even if the Clarity Act is not passed, the SEC and CFTC will speed up rulemaking] Comparing news, the Bernstein analyst team led by Gautam Chhugani released a report stating that regardless of the procedural voting results of the “Clarity Act” on September 15, the certainty of US crypto regulation is expected to increase. They expect the SEC and CFTC to accelerate rulemaking in areas such as native crypto asset issuance, tokenized stocks, perpetual futures, computing power derivatives, and predictive markets. This regulatory clarity of expectations has become one of the broader supporting factors in the crypto market. 【A...

1d agoBitpushNews#Compare Daily Picks

Opinion: Federal Reserve Chairman Walsh may send a gentle signal of calm at the Jackson Hole meeting

Comparing news, TD Securities said that Federal Reserve Chairman Kevin Warsh (Kevin Warsh) may send a mild signal of stability to the market at the Jackson Hole Economic Policy Seminar next week. The market will pay attention to Walsh's more clear statement on the future path of monetary policy and whether he reaffirms the Fed's commitment to curb inflation. However, if Walsh continues to avoid providing forward-looking policy guidance, the market may still be disappointed. TD Securities anticipates that Walsh's speech is more likely to signal a gradual policy adjustment rather than suggest a major policy shift. Investors will try to find clues from their remarks about interest rate trends and changes in the Federal Reserve's policy framework.

1d ago

Analysis: Bitcoin hits the $80,000 mark, ETF capital inflows and macro-liquidity are key variables

Comparing news, Bitcoin rose to its highest level since May before the US market on Friday. After hitting $79,400 in the intraday period, it hovered around $78,000, just one step away from the $80,000 key resistance level. The US spot Bitcoin ETF recorded a net inflow of $606 million on Thursday, the highest level since May 1, and market risk appetite was boosted. James Butterfill, head of research at CoinShares, said that this round of growth is mainly driven by macro factors, not the crypto market's own factors, and Bitcoin is still highly sensitive to changes in liquidity expectations and actual yield. Earlier, US inflation data fell short of expectations and employment data weakened. In addition, the US Treasury announced measures to reduce long-term treasury yields, driving up risk assets. Butterfill pointed out that $80,000 is currently an important dividing line for Bitcoin. To achieve an effective breakthrough, the market needs to further confirm that the Federal Reserve's monetary policy is shifting towards easing. Relevant signals may be released at the Jackson Hole meeting next week. However, he also warned that if inflation continues to be high or the dollar weakens, the Federal Reserve may be forced to adopt a more cautious policy. Furthermore, the scale of increase in holdings of large holders is still limited, and the market still lacks strong confidence to support continued breakthroughs. Subsequent US spot Bitcoin ETF capital flows and macro-data performance will be key indicators for judging market continuity. (CoinDesk) This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

1d agoburnking

They are all stealing earlier data. Where exactly is VC Alpha hidden?

Author: insights4vc Compilation: Shenchao TechFlow Original title: Private Equity Market Intelligence Warfare Heats Up: In the AI Era, Where Did VC Alpha Come From? Guide to Deep Wave: Venture capital returns are extremely concentrated, and finding a good company in the early stages is almost the life and death line of a fund. This article breaks down the latest evolution of private equity market data tools and whether they can actually bring in excess profits. This is a sobering map for investors who are using AI and research tools to find projects. Venture capital has always been an information business. The advantage often lies in timing: founders tell former colleagues instead of updating data first; new companies start recruiting people before they appear in the database; investors start watching a team before the funding is announced. This advantage is important because VC returns are highly concentrated. According to data from the 2026 Oxford Academic Study, 4.5% of the investment amount contributed to a return of about 60% in a long-term LP data set. [1] Therefore, missing a few excellent companies can affect the entire fund. But finding them early is only part of the problem. Investors also need to develop beliefs, get credits, obtain meaningful holdings, and keep things right for a few years. The private equity market data industry is now getting closer to the moment the company was born. PitchBook, Crunchbase, Dealroom, Tracxn, and CB Insights remain core recording systems for transactions, funds, valuations, and company history. PitchBook generated revenue of $174.7 million in the second quarter of 2026, equivalent to nearly $700 million in annualized revenue. [2] The new platform is not replacing this layer. They're extending this layer with faster updates, behavioral data, and signals that predate traditional company records. Three changes stand out the most. First, companies such as Harmonic and Specter are building a continuously updated map of companies and people, rather than relying mainly on regularly updated data. Second, specialty products are looking for earlier behavioral signals. Evertrace tracks metrics formed by founders, including company registrations, technical activity, research, and domain names. Frontrun monitors changes in selected venture capitals' interest maps on X. Third, the API and Model Context Protocol (MCP) are moving this data into the fund's own software and AI workflows. Crustdata represents the infrastructure side of this market, while Affinity complements first-party relationship data from emails, calendars, and CRM events. Adoption is visible, but evidence of excess return on investment is not clear. Harmonic says hundreds of venture capital teams use its platform, and Specter reports more than 300 investment institutions, Evertrace more than 200 funds, and Affinity more than 3,300 private equity firms. Listed company Tracxn disclosed that it had 2,289 customer accounts in fiscal year 2026. [3] [4] [5] [6] Most of these figures are self-reported by companies. Vendors rarely disclose the complete set of companies unearthed by their models, making it difficult to assess accuracy, recall rates, false positives, and the economic value of individual leads. No single signal alone is enough. Employee departures may be early but vague. Company registration is objective but common. GitHub activities are valuable in developer-led markets, but have limited relevance in other areas. Hiring speed and employee migration provide broader signals, while revenue, customer, and usage data are often more valuable for decision-making, but come later. When several credible industry experts focus on the same company, investors' attention can provide early signs, even though this signal is platform-dependent and may reinforce itself. The strongest defensive sources are likely to be hidden deeper in the data stack: historical time series that cannot be reconstructed later, accurate physical analysis across people and companies, authorized first-party fund data, and distribution through CRM systems, APIs, and agents. Public data is not necessarily proprietary. However, five years of correctly time-stamped change history can become a proprietary asset. AI is more likely to make these infrastructures more easily queried rather than eliminate the need for them. As research, classification, and workflow costs drop, clean data, sources, and institutional context become more valuable. Investment decisions, quotas, and relationships are still not something a simple layer of automation can solve. The likely outcome is that a broader market for private market intelligence will emerge, rather than an independent search for project software categories. A mature database will increase discoveries and...

1d agoburnking