TradingKey - A recent in-depth report released by research firm SemiAnalysis reveals that AI large model company Anthropic is expected to achieve GAAP EBIT of over $1 billion by the third quarter of 2

Key PointsMercadoLibre continues to attract new users to its e-commerce platform.Axon Enterprise is widening its competitive moat AI tools for law enforcement.10 stocks we like bet

Key PointsThe First Trust Nasdaq Semiconductor ETF might be the most underrated chipmaker ETF on the market. The ETF has returned some 161% over the past 12 months. It has screens

Key PointsA historic energy supply disruption, driven by the Iran war, sent inflation to a three-year high of 4.2% in May.The Cleveland Fed's proprietary inflation forecasting tool

Key PointsBack in 2020, Snowflake completed the largest software IPO in history. Snowflake stock remained elevated for about a year after going public, but has since traded sideway

Key PointsMeta's stock has fallen nearly 15% in the past 12 months.The social media giant would join other large tech companies, such as SpaceX, in selling excess compute power.Mar

Key PointsNvidia was the star of the show in the earliest phases of the AI boom.While Nvidia remains a key player, other companies have also emerged as current and future AI winner

Key PointsThe Vanguard Russell 1000 Growth ETF (VONG) targets the broader large-cap universe for stocks with faster-growing revenues and earnings.Its 10-year gain of 440% modestly

Key PointsSK Hynix is issuing new shares to list on the Nasdaq, making the stock more accessible to U.S. investors. SK Hynix plans to use the $28 billion this stock sale will raise

Key PointsSpaceX's bonds are not investment grade.The company remains deeply unprofitable.10 stocks we like better than Space Exploration Technologies ›(function(){var m=document.g

Key PointsCrinetics' Palsonify was FDA-approved late last year.The company's atumelnant is currently in late Phase 3 clinical testing.10 stocks we like better than Vertex Pharmaceu

Key PointsAI memory stocks have been some of the biggest gainers in the technology sector this year.Accelerating investment in AI infrastructure should continue to be a tailwind fo

Key PointsNvidia is the largest company in the world by market cap but is still growing rapidly.Much of that growth is coming from AI spending, but Nvidia's success predates it.10

TradingKey - As of the Asian trading session on July 8, Samsung's stock price once plummeted by over 7% intraday from an initial 1% gain, hitting a low of 273,500 KRW, and closed down 6.25% at 277,500

Key PointsThe application layer is becoming a focal point as people and businesses adopt AI.Palantir Technologies was early in this arena and is reaping the benefits.Alphabet's eco

Key PointsYou may need income to supplement your Social Security checks.You're allowed to work while receiving benefits, but your age determines whether you're subject to an earnin

TradingKey - According to sources from The Information, SpaceX's artificial intelligence division, SpaceXAI, and programming tool company Cursor plan to launch their first jointly developed AI model a

Key PointsNano Nuclear Energy is trading about 70% below its all-time highs, yet some analysts predict a price implying about 150% upside. For Nano to grow tenfold, it would need t

TradingKey - Japanese and South Korean stock markets fell across the board, with the KOSPI index plunging over 5%, the Nikkei 225 falling over 2%, Samsung and SK Hynix tumbling around 6%, while SoftBa

Key PointsRaymond James analyst Brian Gesuale initiated coverage on SpaceX with a Street-high price target of $800.The bullish thesis depends on successfully navigating several key

Key PointsMeta Platforms is exploring plans to lease its excess data center capacity.It might be tricky competing with Amazon, Alphabet, and Microsoft, but the cloud market is big

Marking the fifth consecutive year of Noah's semiannual CIO reports and the 12th edition in the series, this report formally introduces the "Noah World Model" into its CIO research framework for the first time. It examines how AI's transition into a phase of value realization is reshaping global asset pricing and presents a wealth management framework designed for long-term capital in a changing world.SINGAPORE, July 6, 2026 — Noah Holdings Limited ("Noah" or the "Group") (NYSE: NOAH | HKEX: 6686), a global wealth management firm dedicated to connecting the global Chinese wealth world, today released its H2 2026 CIO Report — The Year of Realization: Intelligent Capital Begins Pricing.The report identifies 2026 as a significant inflection point in AI development. As AI accelerates its integration into the real economy, capital markets have moved beyond assessing technological potential and are now actively pricing the infrastructure, resources, and economic systems that support AI's continued growth. This marks AI's transition from technological narrative to value realization — the basis for the report's theme, "The Year of Realization."Noah's CIO Office attributes this shift to three major engines — Productivity, Capital, and Civilization — simultaneously entering a phase of realization and revaluation, with implications that extend well beyond any single technology cycle. The report presents a systematic wealth management framework for long-term capital in the AI era, offering investors a structured approach to understanding global asset repricing."For more than two decades, the core question facing global Chinese families has continued to evolve — from how to accumulate wealth, to how to build resilient portfolios in a global market, and today, how to preserve judgment and freedom of choice in a world where rules are being rewritten," said Norah Wang, Co-founder and Chairwoman of Noah Holdings. "We study the world not to forecast the next quarter, but because families making multi-generational and multi-jurisdictional decisions need more than market opinions — they need a system that can endure through cycles. Helping global Chinese families own the future with confidence has been Noah's mission for the past 23 years."This edition marks the fifth consecutive year of Noah's semiannual CIO reports and the twelfth report in the series. It also marks the first formal integration of the Noah World Model into Noah's CIO research framework, representing the latest structural enhancement to the firm's long-term capital research framework."This wave of AI is fundamentally different from previous technological revolutions. It is redefining the boundaries of human cognition, and wealth management must evolve accordingly," said Zander Yin, CEO of Noah Holdings. "At Noah, we are not only observing this transformation — we are helping clients navigate it by translating this cognitive revolution into practical wealth insights and solutions."Core View: The Biggest Opportunity May Not Be in AI Companies, but in the Foundations Making AI PossibleNoah's CIO Office holds a view that diverges from the current market consensus: the greatest AI opportunity may not be in AI companies themselves, but in the foundations that make AI possible — including power generation, grid infrastructure, energy storage, and data centers.In recent years, market attention has concentrated on large language models, semiconductors, and AI application platforms. Noah's CIO Office believes that as AI commercialization continues to advance, the focus is shifting toward two critical factors: the ability of technology to sustainably generate cash flows, and the infrastructure, energy systems, and computing capacity that enable AI's development. Both are becoming the true objects of capital pricing.Noah's CIO Office views AI physical infrastructure — encompassing power generation, transmission and distribution, energy storage, data centers, and related long-duration assets — as an emerging independent investment category, with long-term cash flow characteristics that are distinct from traditional technology assets. This asset class is fundamentally positioned to serve the continuously expanding AI capital expenditure cycle; its characteristics are closer to long-term infrastructure than to short-cycle technology themes.This view is grounded not in observation of any single industry or asset class, but in Noah's systematic research into global long-term trends.Three Engines: Productivity, Capital, and CivilizationIn this report, the Noah World Model is formally introduced into the CIO report framework for the first time. Organized around three engines — Productivity, Capital, and Civilization — it provides a new framework for understanding global economic dynamics and asset pricing. Noah's CIO Office believes all three engines are currently driving a systemic repricing of global assets.The Productivity engine is entering a phase of realization. AI capital expenditure is transitioning from balance sheet commitments to real cash flows reaching power grids and data centers. AI infrastructure is a 10-to-20-year systems buildout, not a one-to-two-year story. Noah's CIO Office believes investors should participate in the realization of underlying forces, not the noise of events.The Capital engine is restructuring. An unprecedented cohort of large private technology companies has begun queuing for public markets, bringing innovation returns previously concentrated in private markets to public investors at scale for the first time. Noah's CIO Office believes this process is also driving greater market emphasis on valuation discipline and allocation timing.The Civilization engine is under stress. Central bank independence is being tested, fiscal dominance is rising, and the dollar's role as a credible reserve currency is under renewed scrutiny. Meanwhile, 61% of global family offices identify geopolitical conflict as their top risk. Against this backdrop, the strategic value of real assets such as gold is being reassessed. Noah's CIO Office believes that as monetary anchors loosen, assets with tangible physical characteristics and long-term cash flow capacity are gaining strategic importance within investment portfolios.From Worldview to Action: The Noah Wealth Operating SystemBuilding on these views, Noah has translated its macro research framework into an actionable wealth management system. This edition formally introduces the "Noah Wealth Operating System," which follows the core principle of "worldview before portfolio, portfolio before product."Within this system, Noah's CIO Office is responsible for interpreting global trends — the starting point of the entire system. From there, Olive enables clients to invest in future-oriented assets; ARK helps clients build portfolios to enter and exit future opportunities; and Glory helps clients transfer wealth securely to the next generation. One worldview, three modes of delivery, one objective for the family.The system is structured around five layers: Protect, Preserve, Compound, Participate, and Pass On. It is not designed to answer "how to maximize returns," but rather to address how a family can navigate cycles, participate in the future, and achieve multigenerational wealth succession.Over the past five years, global markets have navigated liquidity expansion and tightening cycles, geopolitical restructuring, and the rapid emergence of AI.As the global environment has continued to evolve, Noah's CIO reports have advanced from resilience and global diversification toward redefining the risk framework, interpreting this era through the lens of technological deflation, and examining how long-term capital can understand and participate in opportunities created by the AI era. Each stage has corresponded to a structural shift in global markets. Across five years and 12 reports, Noah has consistently sought to identify the direction of change before it arrives.About Noah HoldingsNoah Holdings (NYSE: NOAH | HKEX: 6686) is a global wealth management firm dedicated to connecting the global Chinese wealth world. The firm serves high-net-worth families and distinguished institutions worldwide.Founded in 2005 and dual-listed on the New York Stock Exchange (2010) and the Hong Kong Stock Exchange (2022), Noah brings over 23 years of disciplined wealth stewardship. With four global booking and trading centers across Singapore, Hong Kong SAR, Shanghai, and the United States, Noah has allocated over US$153 billion in cumulative assets for clients spanning nine countries and more than 30 jurisdictions.Noah serves clients through three flagship brands — ARK Wealth Management (An AI-Native, integrated account and investment execution platform headquartered in Singapore), Olive Asset Management (Global Asset Allocation Platform), and Glory Family Heritage (Global Family Legacy & Lifestyle Platform).Forward-Looking StatementsThis press release is issued by Noah Holdings Limited for general informational purposes only. The market views and research judgments expressed herein represent the analysis and observations of Noah's CIO Office as of the date of publication, and do not constitute investment advice, an investment offer, or a solicitation of any offer to buy, sell, or hold any securities, financial products, or other assets. Investment involves risk. Investors should exercise independent judgment and make decisions based on their own circumstances.08/07/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com

Key PointsA few earnings reports in July could confirm Nvidia's bull thesis.The stock isn't very expensive from a forward earnings standpoint. 10 stocks we like better than Nvidia

TradingKey - According to disclosures by the U.S. Federal Communications Commission (FCC), SpaceX submitted an application to the FCC this week, seeking approval to launch and operate a third-generati

Key PointsBoth companies are benefiting from the memory chip shortage.The memory chip market may not recover until 2028.10 stocks we like better than Micron Technology ›(function()

Key PointsIt comes as no surprise that Buffett’s portfolio and value-stock-picking philosophy is still evident in Berkshire’s holdings.Extreme concentration and oversized positions

Key PointsFigma continues to be plagued by concerns about AI disruption.Favorable analyst commentary helped stabilize the stock and led to a comeback in July.10 stocks we like bett

Key PointsSince 1990, every instance of the S&P 500 gaining at least 9% in the first half of the year has resulted in positive performance in the second half.In 2026, inflation, th

Key PointsSpaceX trades above a 100 price-to-sales ratio and continues to burn through cash.Elon Musk is aiming for $100 billion in annual SpaceX revenue by 2028, but he has missed

Key PointsNetflix co-founder and longtime CEO Reed Hastings left the board at the beginning of the month.Media outlets reported that the company had put in a bid for Roku and was i