Zhongshan Securities has released a research report indicating that the AI industry is facing supply constraints and has not yet shown significant oversupply. Major technology companies continue to increase investments in AI infrastructure, with customer demand steadily growing. Concerns about an oversupply of AI computing power lack evidence in financial reports. Microsoft’s computing power utilization and SK Hynix’s orders indicate that the current industry contradiction mainly lies in the insufficient supply of high-performance computing power, advanced storage, and data center support, rather than idle equipment. Therefore, short-term investment opportunities can be focused on alleviating computing power bottlenecks.
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Banco Santander's Form 13F-HR, filed July 29, 2026, reports 129,615 shares of BlackRock's iShares Bitcoin Trust worth $4.31M as of June 30 — its first-ever disclosed spot-bitcoin-ETF position, alongside a first ether-ETF holding. What the filing shows is a quarter-end snapshot of ETF shares; what it does not show is motive, or bitcoin on the bank's balance sheet.


