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07:24
Morgan Stanley: Raises Cerebras target price to 273 USD
Glonghui, June 24 – Morgan Stanley has raised the target price of AI chip company Cerebras from $250 to $273.
07:22
Hui Zhengyu: Hong Kong regulated stablecoins are expected to be launched gradually from mid-year to the second half of the year
Foresight News reported, citing AASTOCKS, that Christopher Hui, Secretary for Financial Services and the Treasury of Hong Kong, stated in a response to the Legislative Council that the Hong Kong Monetary Authority had issued stablecoin issuer licenses to two institutions with banking backgrounds in April this year. Regulated stablecoins issued by these institutions are expected to be launched gradually from mid-year to the second half of the year. Licensed issuers are required to keep reserve assets in Hong Kong banks and invest in qualified assets such as bank deposits and high-quality, highly liquid bonds. In addition, the government and the Securities and Futures Commission will submit a bill to the Legislative Council within the year to establish a more comprehensive regulatory regime for virtual asset trading, custody, advisory, and management services.
07:19
Ningquan Asset: Current AI Bubble is a Mega Bubble Comparable to the Internet Bubble at the Turn of the Century
On June 24, Ningquan Asset, founded by Yang Dong, pointed out in its "2026 Mid-Year Investment Report" released on the 23rd that the current AI bubble is of a global nature. According to the Buffett Indicator, which is the ratio of stock market capitalization to GDP, the ratio reached over 180 at the peak of the internet bubble, while currently in the U.S. it is over 240, and South Korea and Japan are also around 200. Therefore, this bubble is essentially a mega bubble similar to the U.S. internet bubble at the turn of the century; the current frenzy in the South Korean stock market is something we have also experienced.
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