According to Odaily Planet Daily, asset management firm Polen serves as a prime example of how missing out on a major winner in the AI boom can be a life-altering experience for any institution. In just four years, its assets under management shrank by 60%, a reduction of nearly $50 billion, leaving it with only about $33 billion. The company's six equity mutual funds largely employ a concentrated holding strategy, holding only a small number of growth stocks. Its flagship product, the Polen Growth Fund, holds fewer than 30 stocks. Instead of buying Nvidia (NVDA.O), the fund maintained its positions in software stocks such as Adobe (ADBE.O), Salesforce (CRM.N), and ServiceNow (NOW.N). In a June 2023 letter to clients regarding Nvidia, Polen wrote, "We believe that almost all upside potential in companies we can currently see has already been priced in by the market." Nvidia's stock price subsequently surged nearly 400%. Meanwhile, indices tracking cloud software companies fell by 3% during the same period. It wasn't until late 2025, after Nvidia had already made countless investors rich, that Polen finally changed its stance. The company admitted its previous pessimistic assessment of artificial intelligence chips was incorrect and has begun buying related stocks. (Jinshi)

According to Odaily Planet Daily, Jeff Buchbinder, Chief Equity Strategist at LPL Financial, stated that investors are closely watching Federal Reserve Chairman Warsh's first press conference to understand his views on inflation, unemployment, and the economic outlook. The yield on the 10-year U.S. Treasury note is currently fluctuating around 4.43%. Buchbinder believes that the last thing Warsh wants to see is a sharp rise in the 10-year Treasury yield. For the market, keeping the 10-year Treasury yield below 4.5% is crucial, especially given the current decline in oil prices. Therefore, don't expect the Federal Reserve to take swift action. (Jinshi)

According to Odaily Planet Daily, crypto KOL Ansem stated on the X platform that the market may significantly underestimate the upside potential arising from the supply-demand mismatch in SpaceX's circulating shares, and believes that the current bearish consensus may lead to a further squeeze on short positions. Ansem pointed out that SpaceX is currently the top-ranked stock in terms of both trading volume and options trading, but the market has a short-sighted understanding of its business diversification (including AI and other vertical fields), overemphasizing current revenue performance. This structural cognitive bias may drive the company to challenge for the world's number one market capitalization by the end of this year, and he also suggested that the approximately 30% unlocking event in August may be a trigger for a temporary "local top."

In the past hour, total liquidations across the network reached $11.25 million, with $1.69 million from long positions, with $9.56 million from short positions. BTC liquidation $2.45 million, ETH liquidation $2.29 million.

According to a report by Goldman Sachs, the world is entering a supercycle of capital expenditure driven by AI and geopolitics, and future investment returns will rely more on active stock selection than valuation expansion. Goldman Sachs predicts that Amazon, Meta, Google, Microsoft, and Oracle will have combined capital expenditures of approximately $75.5 billion in 2026, rising to approximately $92 billion in 2027. Capital expenditure momentum is spreading from data centers to energy, industry, and infrastructure sectors. Goldman Sachs recommends four thematic investment baskets: artificial intelligence, defense spending, power and electrification, and Halo.