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After lagging behind the broader market for 6 years, U.S. small and mid-cap stocks launch a strong comeback! JPMorgan: The next 3-6 years may see 30%-60% excess returns.

After lagging behind the broader market for 6 years, U.S. small and mid-cap stocks launch a strong comeback! JPMorgan: The next 3-6 years may see 30%-60% excess returns.

After several years of significant underperformance versus the broader market, U.S. small and mid-cap stocks are now at a key market turning point, set to benefit from both a valuation rebound and macro-driven tailwinds. According to Wind Chasing Trading Desk, Eduardo Lecubarri, JPMorgan's global small and mid-cap
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Morgan Stanley: Except for reducers, all robot hardware can be independently developed—the core barrier is shifting to software and data.

Morgan Stanley: Except for reducers, all robot hardware can be independently developed—the core barrier is shifting to software and data.

The competitive landscape of the robotics industry is being reshaped. The widespread manufacturability of hardware is pushing the real moat towards software algorithms, data accumulation, and ecosystem building. According to information from Wind Chasing Trading Desk, a memo released by Morgan Stanley on November 23 states that during the Asia-Pacific
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