Automatically crawled from Tonghua Shun and Eastmoney at 08:00 Beijing time daily via cron, with summaries rewritten by Doubao. For information organization only, does not constitute investment advice.

Eastmoney 7×24

Legendary Investor Shocks with Statement: Without AI, the U.S. Economy and Stock Market Would Have Collapsed Three Years Ago!

2026/5/20 11:44:05

Jeremy Grantham, the legendary investor who successfully predicted three market bubbles, recently released his latest views: Artificial Intelligence (AI) is the core factor supporting the U.S. economy and U.S. stock market performance in recent years. Without the large-scale investment driven by the AI sector as a backstop, the U.S. economy would have fallen into recession as early as 2023, and U.S. stocks would have plummeted sharply. This remark has also sparked market discussions on the actual economic contribution of AI.

T-Head AI Chip Zhenwu M890 Debuts for the First Time, Performance Tripled

2026/5/20 11:42:25

During the 2026 Alibaba Cloud Summit, T-Head’s new generation of training-inference integrated AI chip Zhenwu M890 was publicly unveiled for the first time. The chip’s performance is 3 times that of the previous generation Zhenwu 810E, with built-in 144GB of video memory, supports multi-precision computing, and adapts to all AI training and inference scenarios. When paired with self-developed interconnection chips, it can achieve full-bandwidth interconnection of 64 cards, improving the operating efficiency of large-scale intelligent computing clusters. At the same time, Alibaba Cloud launched a new “chip-cloud-model-inference” technology system.

Midday Limit Up/Down Stock Analysis: 50 Limit Up Stocks, 25 Limit Down Stocks, Liquid Cooling Server Concept Gains Traction

2026/5/20 11:41:11

Half-day trading of A-shares closed on May 20, midday limit up/down statistics show that there are a total of 50 individual stocks hitting limit up and 25 individual stocks hitting limit down across the two markets. At the sector level, the advanced packaging concept performed actively, with related stock Jingfang Technology hitting limit up; the liquid cooling server concept showed strong performance, with Hongsheng Co., Ltd. hitting limit up before midday, and Chuanrun Co., Ltd. scoring 3 consecutive limit ups, making it the stock with the highest consecutive limit up count in the concept sector currently.

Ministry of Commerce: U.S. Promises to Resolve or Substantially Advance Resolution of Non-Tariff Barriers and Market Access Issues for Some Chinese Agricultural Products, China Resumes Registration of Eligible U.S. Beef Exporters to China, Resumes Poultry Imports from Relevant U.S. States

2026/5/20 11:39:50

The Ministry of Commerce recently disclosed preliminary results of Sino-U.S. economic and trade consultations in the agricultural field: the U.S. promises to resolve or substantially advance the resolution of non-tariff barriers and market access issues faced by some Chinese agricultural products; China will resume registration of eligible U.S. beef export enterprises to China, and resume imports of poultry products from relevant U.S. states. The two sides reached consensus on two-way market access for agricultural products, with outcomes addressing the concerns of both sides and achieving mutual benefit and win-win results.

Treaty of Good-Neighborliness and Friendly Cooperation Between China and Russia Extended

2026/5/20 11:39:42

Short summary: The relevant subject is the Treaty of Good-Neighborliness and Friendly Cooperation Between China and Russia. On May 20, Chinese President Xi Jinping held talks in Beijing with Russian President Vladimir Putin, who is paying a state visit to China. The two heads of state unanimously agreed to extend the treaty further. As a programmatic document for China-Russia bilateral relations, this extension will provide institutional support for the stable development of the two countries’ comprehensive strategic partnership of coordination for a new era.

Mei’an Sen: Company Has No Cooperation with Yunshenchu Currently

2026/5/20 11:37:28

[Financial Short Brief] The relevant subject is A-share listed company Mei’an Sen. In response to investor inquiries about cooperation between the company and Yunshenchu, Mei’an Sen publicly responded via the interactive platform on May 20, clearly stating that the company has not carried out any business cooperation with Yunshenchu at present. This clarification is part of regular investor communication, which can eliminate false market speculation about its related business layout and help investors accurately grasp the company’s current business status.

Yahoo Finance

Bitcoin, Ethereum ETFs Bleed as Crypto Funds Shed $1.07 Billion, Ending 6-Week Win Streak

2026/5/19 00:00:29

Recently, cryptocurrency funds recorded a weekly net outflow of $1.07 billion, ending the previous six consecutive weeks of net inflow trend. The core assets under pressure in this capital outflow are Bitcoin ETFs and Ethereum ETFs, which are the main contributors to this net outflow. This data reflects that after the previous cumulative rise in crypto asset prices, the willingness of funds to cash in profits has increased significantly, and short-term market risk appetite has declined somewhat.

Final Panel Agenda and Closing Registration: 2nd Princeton CorpGov Forum May 21 – Endowments, Activism and Entertainment

2026/5/19 00:03:10

The final agenda of the 2nd Princeton Corporate Governance Forum has been announced, the registration channel is about to close, and the event is scheduled to be held on May 21. Core topics cover three categories: endowment fund operation, shareholder activism practice, and corporate governance in the culture and entertainment sector. It is open to institutional investors, listed company governance practitioners and related researchers, and participants can access cutting-edge practices and research results in the field of global corporate governance.

Barfresh: Q1 Revenue Beats Expectations Amid Customer Recovery – Quarterly Update Report

2026/5/18 23:53:48

Frozen freshly made beverage supplier Barfresh released its first quarter performance update report, with revenue during the period exceeding general market expectations. The growth is mainly driven by the continued recovery of downstream catering customer demand and improved business sales performance. This better-than-expected performance verifies the resilience of the company’s catering channel layout, and also provides performance support for its subsequent expansion of cooperation scenarios and iteration of product matrix.