AI explosion, soaring momentum, full-line rebound! | Today's important news review

0306｜ Dolphin Research Key Focus:

🐬 Macro/Industry

1. Last night, influenced by Trump's announcement of tariff exemptions for car companies and reduced tariffs on agricultural products, U.S. stocks rebounded across the board, reversing the downward trend of the previous two days. Today, both A-shares and H-shares surged, with sectors such as AI agents, computing power, robotics, and semiconductors leading the gains.

China's AI product Manus went viral overnight. This is a globally first general-purpose AI agent product released yesterday by the Chinese team Monica.im. Unlike existing AI assistants, Manus can think independently, plan, and execute complex tasks, delivering complete results directly. In the GAIA benchmark test, Manus surpassed OpenAI Deep Research at all three difficulty levels, demonstrating exceptional task handling capabilities.

🐬 Individual Stocks

1. $BABA-W(09988.HK)

Alibaba released and open-sourced a new inference model, Tongyi Qianwen QwQ-32B. Through large-scale reinforcement learning, QwQ-32B achieved a qualitative leap in mathematics, coding, and general capabilities, matching the overall performance of DeepSeek-R1. Additionally, QwQ-32B significantly reduced deployment costs, allowing for local deployment on consumer-grade graphics cards. Alibaba rose over 8% today.

2. $Baidu(BIDU.US)

Baidu will issue priority unsecured notes totaling RMB 10 billion, including RMB 7.5 billion 2.70% notes maturing in 2030 and RMB 2.5 billion 3.00% notes maturing in 2035.

3. Bawang Chaji

Following the explosive growth of Mixue Ice City after its IPO, Bawang Chaji has officially received registration from the China Securities Regulatory Commission for its U.S. listing. The company plans to issue no more than 64.7319 million shares of common stock and list on the NASDAQ or the New York Stock Exchange.

Core Focus on Earnings Report Interpretation and Conference Call

Maywell Technology:《 Maywell Technology: Pouring Cold Water on AI Again, ASIC Sounds the Alarm》、《 Maywell Technology (Minutes): The Growth Rate of Data Centers Has Collapsed》
JD.com will announce its financial report tonight, and Dolphin Research will track and provide interpretative analysis.

🐬 Leading Sectors

Shanghai and Shenzhen: Data processing and outsourcing services, diversified financial services, human resources and employment services;

Hong Kong Stocks: System software, real estate services, retailers;

U.S. Stocks: Copper, silver, diversified capital markets.

🐬 Attention for Tomorrow

1. Broadcom and COST will announce their financial reports, and Dolphin Research will track and provide interpretative analysis;

China's foreign exchange reserves;
U.S. seasonally adjusted non-farm payrolls and U.S. unemployment rate.

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