红盘先锋

On June 24, news broke that Baidu Intelligent Cloud officially launched its enterprise-level AI productivity subscription service—the Baidu Qianfan Token Plan Enterprise Edition. This service offers enterprises a unified procurement, management, and operation of AI resources, helping them efficiently utilize AI capabilities within a fixed budget and streamlined management, accelerating the scalable implementation of AI within organizations.
According to reports, Baidu Qianfan has taken the lead in adapting the Zhipu GLM-5.2 and integrating it into the Token Plan Enterprise Edition service system. Enterprise users and developers can easily access this model for long-term task processing, complex reasoning, and coding scenarios without the need for complicated setups and tuning.

As the 2026 college admission season kicks off, soon-to-be college students are gearing up with their school essentials, and picking the right laptop is a major focus for both parents and students. Many students and parents fall into the trap of blindly chasing high-spec gaming laptops, overlooking the frequent need to carry their devices between the classroom, library, and dorm. In the end, they end up with a laptop that's too bulky, turning their daily commute into a hassle.
To balance portability and actual performance, it's more practical to choose a suitable lightweight office laptop or creative device based on individual usage needs. Dell offers a rich and segmented product matrix that can reliably handle everything from daily coursework to complex professional software, making it a solid choice for college-level creative equipment.

On June 23, the UK’s Financial Times reported, citing multiple Chinese chip traders, that the banned AI chips from Nvidia have seen their prices more than double on the Chinese black market. Reuters later picked up this news.
This isn't just a one-off price spike; it's part of a trend that's been ongoing for at least six months. Reports from May 1st indicated that the B300 servers were already hitting around 7 million RMB each on the black market. By June, a rack equipped with eight B200 chips had a black market price ranging from 3 to 3.5 million RMB, showing a premium of about 50%. While this price is down from the over 4 million RMB seen in mid-May, it still remains elevated.

Crypto News: On June 24, YouTube, a video platform under Google, has reached a settlement over a lawsuit filed by a minor claiming that the platform harmed their mental health.
The plaintiff's attorney stated on Tuesday that as this news breaks, California is gearing up for a second court session regarding the role of social media in the youth mental health crisis.
According to public records, the plaintiff R.K.C. is a 16-year-old boy from Florida who claims to have started using social media around the age of 8, leading to addiction, sleep deprivation, and the development of depression and anxiety.

Elon Musk (CEO of Tesla TSLA and SpaceX SPCX) has become the world's first trillionaire, with his fortune briefly hitting $1.45 trillion following the SPCX IPO. Currently, Bloomberg estimates his net worth at around $1.08 trillion, while Forbes values it at $1.1 trillion. The current valuation of SPCX is about $2 trillion, down from nearly $3 trillion at its IPO peak. There are voices in the market calling for Musk to pay more taxes or engage in philanthropy.
Benzinga conducted two related polls aimed at the (pre-market action guide) audience, with the following results:
Poll on whether Musk should donate more of his wealth:

Core Event: On June 23, 2026, Apple's (AAPL) stock price is at a critical juncture, opening at $297.54, peaking at $301.64 during the day, and currently at $299.10, hovering just below the psychological level of $300. Professional funds are generally betting on an upward move for Apple’s stock, with bullish logic gradually gaining an edge in the market. The $300 mark is a key watershed for determining the stock's direction in the near term.
Key Data and Indicators:
Market Impact and Logic: US banks raised their rating on Apple, defining the new generation AI Siri as a fundamental positive reset for ecological commercialization paths. This, combined with continued accumulation from institutions like Worthington Financial, covers the short-term bearish disturbances from rising chip costs and leaked Tata Electronics news. If Apple's stock price holds above $300, the large amount of call options will force market makers to buy stocks to hedge, further pushing the price upwards.

Recently, the Daxiao bot officially announced the completion of its angel+ round funding.
Investors have gathered forces from the national team, industrial team, and VC team:
This round includes government capital from Deep Ventures, Shanghai Sci-Tech Fund, and Lingang New Area Fund, along with industry capital closely related to Geely Capital and Muxi Co.
Moreover, VC capital such as Dachen Caizhi, Shengyu Investment, Fosun Ruizheng, Huakong Fund, and Yuzizhangquan are also involved; while existing shareholder SenseTime's Guoxiang Capital continues to increase its investment.
Three key signals in this funding round are worth noting:
First, government capital from Shanghai and Shenzhen has collectively jumped in. World modeling and embodied intelligence have entered the industrial vision of national and local governments, significantly increasing strategic attention.

US stocks in the memory chip sector are experiencing a significant pre-market decline, with the memory ETF dropping over 12%. SanDisk is down nearly 10%, and Micron Technology has fallen more than 9%. Western Digital and Winbond Technology are both down over 8%, Intel is down 8%, Seagate Technology has dropped more than 7%, and Rambus is down over 6%. TSMC is down 5%, ASML is off by 7%, and Nvidia has dropped more than 3%, as the chip manufacturing sector experiences a collective pullback.
In other tech stocks, SpaceX is down nearly 5%, and Tesla is off by 3%.
US stocks in the optical communication sector are taking a hit in pre-market trading, with Tower Semiconductor and AXT Inc dropping over 10%. MaxLinear, Micron Technology, Coherent, and Credo Technology are down more than 8%, while Astera Labs, Corning, Nokia, GlobalFoundries, and Lightwave Logic have fallen over 7%. Lumentum is down more than 6%.

On June 21, local time, Nvidia's official blog dropped a piece detailing their latest AI server's 45℃ liquid cooling tech, highlighting it as one of the most significant energy efficiency breakthroughs in the history of data centers.
The article states that the water temperature in hot tubs generally hovers around 38 to 40℃, and most folks can only soak in such high-temp water for about 15 minutes before needing a breather. On the flip side, the coolant used in Nvidia's tech can hit up to 45℃—this contrast of being called 'cooling' but actually being 'high-temp' boosts energy efficiency significantly.

Source丨Zhuang Shuai Retail E-commerce Channel
ID丨zhuangshuaiec
Author丨Zhuang Shuai Research Team
Not long ago, the Beijing Municipal Market Supervision Administration had a sit-down with five e-commerce platforms: Taobao (Tmall), JD, Pinduoduo, Douyin, and Xiaohongshu. They reported the second batch of typical issues found during the comprehensive rectification of the platform's 'involution' competition. The main problems include some platforms' '100 billion subsidies' being misleading, false promotional claims, chaotic rule disclosures, and missing merchant information, along with proposed corrective actions.
Regarding this event, as an expert in the retail e-commerce industry and founder of Bailian Consulting, I also participated in interviews with several media outlets and clarified two fundamental judgments:

Microsoft's current stock price is close to its 52-week low, having dropped about 24% year-to-date. The mainstream narrative in the market revolves around skepticism about the return on its massive AI investments and concerns over cloud business growth. However, there's a clear mismatch between current market focus and key variables.
The key data points are as follows:
The current market sell-off of Microsoft is completely driven by emotions, not based on the actual value of the company. The fundamental data has continuously debunked the misjudgment that the 'AI investment logic has collapsed', and the current stock price is significantly undervalued.
Keep an eye on these two key nodes going forward:
Translation provided by a third-party software.

Global oil prices dipped on the 22nd.
As of the market close, the NYMEX light crude futures for July delivery fell by $1.78, settling at $74.82 per barrel, a drop of 2.32%; the August delivery Brent crude futures dropped by $2.67, closing at $77.90 per barrel, down 3.31%. (Xinhua News Agency)

This article explicitly warns about the risk attributes of the METW product: the current dividend per share is $0.1330, and after the stock price dropped from a high of $54.53 to a low of $24.36, it is still trading near the bottom of that range. Investors should prioritize understanding the underlying product structure rather than just focusing on the surface cash yield.
METW is positioned as a leveraged single stock linked product, designed to provide weekly dividends, aiming for a return equivalent to 1.2 times the total return of Meta's natural weeks; it is currently expected to pay weekly dividends but this is not guaranteed, and it's important to note that an exceptionally bullish market environment may not sustain the high dividend rate. This product is not a bond substitute or a stable income product, and the weekly dividends do not eliminate the inherent volatility and drawdown risks of the strategy.

Accenture (ACN) dropped its Q3 earnings for FY2026 on Thursday, beating market expectations on profit but falling short on revenue. The full-year and Q4 revenue guidance released simultaneously were both weaker than market forecasts.
Here are the core financial data:
After the earnings report, two top brokerage analysts adjusted their price targets: Morgan Stanley maintained a 'hold' rating, lowering its target from $177 to $130; Guggenheim kept a 'buy' rating, reducing its target from $225 to $185.
Translation provided by a third-party software.
Disclaimer: The market carries risks, and investment should be approached with caution. This article is generated by an AI model based on publicly available information and does not represent the views of Sina Finance. All information, data, and charts in the text are for reference only and do not constitute any form of investment advice or decision-making basis. Relevant information is subject to the actual announcements. For inquiries, please contact: biz@staff.sina.com.cn.

Whoever locks the rules first, collects the toll.
Author?| Wang Lu
Editor?| Wei Jia
Recently, 'AI payments' have suddenly shifted from concept to fierce competition among the giants.
First, JD.com launched the country's first autonomous payment protocol for agents, the A2P2 protocol, on June 11, outlining rules for how 'agents get authorized and how the audit trails work.' Then on June 16, Alipay rolled out its 'largest update ever,' initiating a beta test for the AI version of Alipay with an invite code; users can now manage appointments, health codes, place orders, and compare prices all through conversations with AI. Less than a day later, WeChat Pay introduced an 'AI exclusive card,' allowing users to express their spending needs during conversations with the agent, which completes the recommendation, ordering, and payment process. This feature is already supported in Tencent's desktop AI product WorkBuddy.

Ross Capital analyst Leo Mariani has upgraded ConocoPhillips from a 'neutral' rating to 'buy', while raising the target price from $124 to $130.
The translated content is powered by third-party software.
Disclaimer: The market's volatile, so trade wisely. This content is generated by an AI model based on publicly available info and doesn't reflect Sina Finance's views. All info, data, and charts in this article are for reference only and don't constitute any form of investment advice or decision-making basis; refer to actual announcements for relevant info. If you have questions, hit us up at: biz@staff.sina.com.cn.

Key Takeaways
This investment bank stated that due to rising crude oil and fertilizer production costs, combined with the potential El Niño effect in the second half of 2026, food prices could spike.
With multiple factors stacking up, the regional food inflation rate might shoot up another 2.1 percentage points over the next 12 months.
Food net importers like Singapore and the Philippines will be the first to face this price shock, and countries across Southeast Asia will feel the strain of rising costs.
Economist Mohamed Faiz Naguta noted that in countries like Indonesia, the Philippines, and Vietnam, residents' food spending makes up a significant portion of their total consumption compared to other nations.

Core Event: The market is highly focused on the IPO process of SpaceX. The article highlights that the long-term investment value of three Nasdaq-listed cloud computing giants significantly exceeds that of SpaceX. These three companies are Amazon (AMZN), Microsoft (MSFT), and Alphabet (GOOG, GOOGL), with their respective cloud services being AWS, Azure, and Google Cloud, all of which have achieved mature operations and stable profitability.
Market Logic: The explosion in AI demand is driving fast expansion in the cloud computing sector. Cloud service providers are the core supply channels of computing power for AI startups, and the ongoing development of data centers is set to push revenues into explosive growth in the coming years, potentially delivering robust long-term returns for investors. The current valuations of the three cloud giants are reasonable, allowing us to position ourselves without needing to digest high valuations. The article predicts that their investment returns over the next decade will outperform SpaceX.

(Source: Caixin)
Densu Zhixin is expected to deliver at least 50,000 chips this year to support the demand for AI products like Doubao.
On June 22, Densu Zhixin (09903.HK) surged over 8% during intraday trading to reach HKD 683, hitting an all-time high with a market cap exceeding HKD 170 billion. According to a previous report by Reuters citing two insiders, ByteDance is in talks with Shanghai-based AI chip firm Densu Zhixin to procure AI chips mainly for inference tasks, while also considering using Kunlun chips from Baidu (BIDU.US). If the deal goes through, Densu Zhixin will become ByteDance's third major domestic GPU supplier after Huawei and Cambricon (688256.SH). ByteDance evaluates that Densu Zhixin's chips are primarily for inference work, and they expect Densu Zhixin to deliver at least 50,000 chips this year to support the demand for AI products like Doubao.

Source: Financial News Network
【Next week’s major capital market reminders: US and Iran start negotiations in Switzerland, Wall Street holds its breath for Micron Technology's earnings report, and the largest IPO in Shenzhen Stock Exchange history is coming】 1. Keep an eye on how the US-Iran talks impact the capital markets. On the 21st, the US and Iranian delegations arrived at the negotiation venue in Bürgenstock, Switzerland. The US delegation is led by Vice President Vance, while the Iranian delegation is led by Speaker of Parliament Ghalibaf. 2. The central bank will announce the June Loan Prime Rate (LPR) next Monday (June 22). 3. The 2026 Summer Davos Forum will be held in Dalian from June 23 to 25. 4. Next week, 19.358 billion yuan of reverse repos will expire in the central bank’s open market, with maturities of 8.18 billion, 4.495 billion, 4.203 billion, 2.480 billion, and 0 billion from Monday to Friday, respectively. Additionally, 300 billion yuan of MLF will expire next Thursday. 5. From June 22 to 26, 49 A-share companies will have limited shares unlocked, totaling 2.763 billion shares, with a total market cap of 54.908 billion yuan calculated at the latest closing prices. 6. The largest IPO in Shenzhen's history—China Resources New Energy will open for subscription next Monday, with the IPO expected to raise a total of 24.5 billion yuan, setting a new record for IPO financing on the Shenzhen Stock Exchange, with a high expected allotment rate. 7. On June 27, Saturday, China will release May's national profits data for large-scale industrial enterprises. 8. The inflation indicator most closely watched by the Federal Reserve—the May PCE Price Index will be released on June 25; if the data comes in hot, it will further bolster the Fed's hawkish stance. On the same day, the final GDP figure for the first quarter of 2026 will also be released in the US. 9. OpenAI's strongest model, the GPT 5.6 series, is expected to debut next week. 10. The focus next week will be on Micron Technology's earnings report, one of the “Seven Storage Kings,” which all hit record closing highs this week. Micron's stock price has surged 297% this year, and the company will announce its latest performance and guidance after market close next Wednesday. 11. On June 25, NVIDIA will hold its annual shareholder meeting. 12. SK Hynix is expected to go public in the US as early as August, with the SEC potentially approving it in the week of June 22. 13. According to reports from the UK on the 21st, Foreign Secretary Cooper has privately asked Prime Minister Starmer to resign over the weekend. 14. MSCI will announce the results of its annual market classification review, with South Korea likely to enter the developed market watch list. 15. From June 24 to 26, the 2026 Shanghai World Mobile Communication Conference, hosted by the GSMA, will take place in Shanghai. 16. The 2026 Volcano Engine Power Conference will be held on June 23-24, with the Volcano Engine FORCE Power Conference being one of the strongest catalysts in Byte's AI industry chain. Overview of important financial events next week (Beijing time): Monday (June 22): China’s June LPR quote, Eurozone’s June Consumer Confidence Index, ECB President Lagarde speaks at the EU Parliament. Tuesday (June 23): Eurozone’s June PMI, US June S&P Global PMI, 17th Summer Davos Forum in Dalian (until the 25th). Wednesday (June 24): US Q1 current account, US EIA crude oil inventory as of the week ending June 19, BoJ releases minutes from the June monetary policy meeting. Thursday (June 25): NVIDIA’s annual shareholder meeting, US May Core PCE Price Index, Fed releases annual bank stress test results. Friday (June 26): US June Michigan University Consumer Confidence Index