Stablecoin growth could boost dollar dominance, US Treasury demand: BoE official
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Optical Technology: Net profit is expected to increase by 170%-190% year-on-year in the first half of the year, driven by continued growth in market demand for high-speed optical modules and optical devices.
According to Mars Finance, Guangku Technology (300620.SZ) announced that it expects its net profit attributable to shareholders of the listed company for the first half of 2026 to be between RMB 140 million and RMB 150 million, representing a year-on-year increase of 170%-190%. During the reporting period, benefiting from accelerated global investment in AI computing infrastructure and data center construction, the market demand for high-speed optical modules and optical devices continued to grow. At the same time, the company adhered to technological innovation, continuously launched new products, and actively expanded its domestic and international customer base, resulting in steady revenue growth. The significant year-on-year increase in net profit attributable to shareholders of the listed company was mainly due to the effective boost to profits from increased revenue. Furthermore, with the expansion of production and sales scale, economies of scale became apparent, and the company continued to promote cost reduction and efficiency improvement, comprehensively enhancing its overall profitability. Note: The company's Q2 net profit is expected to be between RMB 95 million and RMB 106 million, and Q1 net profit was RMB 45 million. Based on this, Q2 net profit is expected to increase by 113%-136% quarter-on-quarter. (Cailian Press)
Bitcoin.com integrates UAE-registered US dollar stablecoin into self-custodial wallet
The integration expands access to USDU, the UAE’s first central bank-registered US dollar stablecoin, as it builds distribution beyond institutional channels.
As oil prices fell, US Treasury yields fluctuated and the dollar strengthened.
According to Odaily data, the US dollar index is currently up 0.2%. The 10-year US Treasury yield is at 4.459%, higher than the closing price of 4.447% last Thursday. The 2-year US Treasury yield fell from 4.130% to 4.108%. As US markets reopened after the holidays, a Middle East peace agreement remained elusive, and last week's labor market data disappointed, US Treasury yields fluctuated, while the dollar rose slightly. Meanwhile, OPEC+ agreed to increase production, causing oil prices to fall. The Federal Reserve meeting minutes will be released on Wednesday, making this week relatively quiet in terms of data.
Foxconn reports significant sales growth, driven by strong demand for AI.
Mars Finance reports that Foxconn, a server assembly partner of Nvidia, reported a 40% increase in quarterly sales, exceeding expectations, citing further growth in demand for artificial intelligence (AI). In a statement released Sunday, Foxconn said it expects AI rack shipments to maintain momentum this quarter, while demand for information and communication technology (ICT) products is entering its peak season. The statement also said it expects overall operations to achieve both sequential and year-over-year growth. Foxconn has solidified its position as a key player in AI hardware by assembling servers equipped with Nvidia accelerators. (Cailian Press)
Nomura Securities: The core contradiction in the global storage industry remains a severe supply shortage, while AI-driven structural demand growth has not yet peaked.
According to Mars Finance, Nomura Securities, in its latest report, believes that the core contradiction in the global storage industry remains a severe supply shortage, and the structural demand growth driven by AI has not yet peaked. While recent investor concerns about oversupply are understandable, they are clearly excessive, and the market's overreaction may provide a window for reassessing the storage sector's valuation. Nomura Securities states bluntly in its report that market concerns are severely exaggerated. The cycle of semiconductor investment translating into actual production capacity is extremely long. South Korea's massive 4800 trillion won investment plan will take at least 5 to 10 years to convert into actual production capacity, and the squeeze on general-purpose storage capacity by high-profit HBM (high-bandwidth memory) is leading to a severe supply shortage in the market. Nomura Securities emphasizes that Meta's decision is by no means a turning point for reduced demand for AI-related hardware. On the contrary, due to the current shortage of computing power leading to an upward trend in single-token prices, the entry of Meta's computing power into the market is expected to stabilize token prices. (Cailian Press)
According to industry estimates, with several manufacturers expected to achieve mass production of commercial robots by 2026, the demand for magnesium alloys is expected to experience explosive growth.
According to Mars Finance, magnesium alloys are becoming the preferred material for core structural components of humanoid robots due to their comprehensive properties such as lightweight, high vibration reduction, electromagnetic shielding, and excellent heat dissipation. They are currently used in multiple models including the Tesla Optimus Gen2, XPeng IRON, Estun Robotics, and Zhiyuan Robotics. Industry insiders believe that as the commercialization process accelerates, the demand for magnesium alloys in the robotics field is expected to continue to expand. Institutional estimates show that with several manufacturers achieving mass production of commercial robots in 2026, the demand for magnesium alloys is expected to experience explosive growth. Based on a magnesium alloy usage of 12 kg per humanoid robot, assuming future shipments of 1 million and 10 million humanoid robots, the demand for magnesium alloys would reach 12,000 tons and 120,000 tons respectively. (Shanghai Securities News)