交易机会 Trading Ideas
一、为什么现在重新研究 GRAB？ 1. Why Revisit GRAB Now? GRAB 过去一年最容易让投资者误判的地方，是股价走势和公司经营走势出现了明显背离。 What has most easily misled investors on GRAB over the past year is the clear divergence between the stock's price action and the company's operating performance. 股价从52周高点 $6.60 一路跌至最低 $2.74，目前仍只有约 $3.17；
交易机会 Trading Ideas
投资主题：AI数据中心 / 电力资产 / 比特币挖矿 / 数字基础设施 Investment Theme: AI Data Centers / Power Assets / Bitcoin Mining / Digital Infrastructure 从比特币矿企到AI数据中心基础设施平台：98亿美元长期合同正在重塑估值逻辑 From Bitcoin Miner to AI Data Center Infrastructure Platform: A $9.8 Billion Long-Term Contract Is Reshaping the Valuation Framework Anthropic斥资91亿美元与比特币矿企Riot Platforms签署20年算力长约，供应191兆瓦算力，若行使延期选项总价值最高达161亿美元。这是Anthropic近月连签的第三笔巨额算力协议，三笔合计规模已超600亿美元。消息公布后，Riot股价盘后暴涨25%，其"挖矿转AI&
ACHR
过去三年，ACHR累计上涨约232%。过去一年，股价在约$4.5至约$12之间剧烈波动。 In the past three years, ACHR has risen by approximately 232% cumulatively. In the past year, the stock price has fluctuated violently between approximately $4.5 and approximately $12. 今天的股价：约$6.2，距高位约$12跌去约一半。 Today's stock price: approximately $6.2,
SMR
过去一年，SMR从52周低点约$11涨至历史高位约$57，涨幅超过四倍。 In the past year, SMR has risen from a 52-week low of approximately $11 to an all-time high of approximately $57, an increase of more than fourfold. 今天的股价：约$12，从高位跌落约八成。 Today's stock price: approximately $12, a drop of about 80%
OKLO
先看这个数字 Look at this number first 2025年，OKLO从低点约$5一路涨至历史高位约$194，涨幅超过10倍。 In 2025, OKLO rose from a low of approximately $5 all the way to an all-time high of approximately $194, an increase of over 10 times. 然后从高位跌回今天约$58，从高点回落约七成。 Then it fell back from its high to approximately
NVO
诺和诺德（Novo Nordisk）曾是全球市值最高的欧洲企业，市值一度突破约6000亿美元。2025年，股价从约$82高位跌至约$36，跌幅超过55%——GLP-1竞争格局恶化、CagriSema三期数据不及预期、Ozempic与Wegovy在中国、巴西、加拿大专利到期、管理层大换血，一切利空在同一年密集爆发。 Novo Nordisk was once the European company with the highest market capitalization in the world, with its market cap once exceeding approximately $600 billion. In 2025, the stock price fell from a
RGTI
2024至2025年间，RGTI从低点约$1一路涨至历史高位约$58，涨幅近60倍。然后从高位跌回今天约$17，从高点回落约七成。 In the period between 2024 and 2025, RGTI rose from a low of approximately $1 all the way to an all-time high of approximately $58, an increase of nearly 60 times. Then it fell back from its high to approximately $17
NBIS
先看这两个合同数字 First, look at these two contract figures 微软：约$194亿，五年期。 Microsoft: approximately $19.4 billion, five-year term. Meta：约$29亿，五年期。 Meta: approximately $2.9 billion, five-year term. 合计超过约$220亿的长期合同积压——在这篇报告写成的时候，Nebius的整体市值只有约$240亿。 A combined long-term contract backlog of over $22 billion—at the time
VRT
过去五年，VRT累计上涨约850%。其中2024年上涨约190%，2025年再涨约43%。今天的股价：约$164至$169——比2025年高位约$202回落约17%。 Over the past five years, VRT has climbed approximately 850%. This includes a ~190% surge in 2024 and a further ~43% rise in 2025. Today's stock price sits between approximately $164 and $169—a pullback of about 17%
VSAT
Viasat 从历史高位约$62一路跌至低点约$10，跌幅超过八成，用了约两年时间完成这段漫长的下跌。今天约$32，较高点仍下跌约48%，较低点已反弹约三倍。 Viasat fell from an all-time high of approximately $62 all the way to a low of approximately $10, a decline of over 80%, taking about two years to complete this long descent. Today it is around $32, still down
CCJ
先看这组数字 First, look at these numbers 过去一年，CCJ从52周低点约$35一路涨至历史高位约$135，涨幅约三倍。 Over the past year, CCJ has risen all the way from a 52-week low of approximately $35 to an all-time high of approximately $135, an increase of about threefold. 今天的股价：约$85，从高位回落约37%。 Today's stock