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Can holding gold in your left hand and U.S. stocks in your right hand really hedge risks? Former CICC Chief Risk Officer Li Xianglin teaches you how to use derivatives to identify and respond to "black swans."

Can holding gold in your left hand and U.S. stocks in your right hand really hedge risks? Former CICC Chief Risk Officer Li Xianglin teaches you how to use derivatives to identify and respond to "black swans."

``` 2025 is a year full of drama. On one hand, global liquidity is rebooting and market enthusiasm is heating up again—AI narratives continue to ferment, from computing power to application, from chips to algorithms, with every sub-sector being given the mission of “changing the world.” Global stock markets keep
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Power, cooling, metals, and engineering construction: the “non-IT infrastructure” of China’s AI data centers will be a huge 800 billion yuan market.

Power, cooling, metals, and engineering construction: the “non-IT infrastructure” of China’s AI data centers will be a huge 800 billion yuan market.

``` Author: Long Yue Source: Hard AI The wave of artificial intelligence is not only about algorithms and computing power, but also hides a competition revolving around energy and physical infrastructure. In addition to chips and servers, the power systems that drive AI data centers, the cooling technologies that ensure stable
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From model and cloud to applications, "strategic positioning across the board"—Goldman Sachs: Google's "full-stack AI" advantages are fully on display.

From model and cloud to applications, "strategic positioning across the board"—Goldman Sachs: Google's "full-stack AI" advantages are fully on display.

``` Goldman Sachs says that with its "full-stack AI" strategy covering everything from foundational models and cloud infrastructure to end-user applications, this tech giant is turning its technological advantage into tangible financial returns. They maintain a Buy rating and have raised their price target to $330. On October 31,