neo

Analyst Jukan posted on platform X, stating that Nvidia chips are currently still in short supply, but to maintain the premium for chip scarcity, the company needs to continue supporting emerging cloud service providers (Neocloud). If the new CEO adopts a more cautious attitude towards this business model, it may lead to pressure on GPU spot prices, a decline in cloud service providers' profit margins, and prompt them to turn to alternatives such as AMD or Google TPU, thereby weakening Nvidia's market dominance and supply chain control.Jukan stated that Jensen Huang has been working hard to maintain Nvidia's growth flywheel, which not only helps to expand chip demand but also ensures the computing power utilization of emerging cloud service providers. Huang originally hoped to gradually let go once the emerging cloud service providers could independently order the next generation of GPUs, but it is currently uncertain whether the successor CEO is willing to wait.

The cryptocurrency venture capital firm Multicoin Capital's co-head of venture capital, Spencer Applebaum, pointed out that AI has greatly lowered the threshold for protocol development, leading to rapid homogenization of pure software, while the core barriers of financial services remain outside of code.Applebaum believes that the relevant barriers mainly include three aspects: first, distribution channels centered around sticky customer relationships and order flow; second, balance sheets and capital scales that AI cannot create out of thin air, such as cross-currency prime brokers with risk resistance capabilities, and reserves backed by the protocol; third, proprietary data underwriting involving offline proprietary data and non-public risk control, such as OnRe reinsurance or GPU collateralized loans.He also stated that underlying general L1 and L2 are losing their native distribution and capital monopoly advantages. The key for startup teams to break through lies in entering high-risk tolerance markets that traditional giants are unwilling to touch due to compliance or reputation concerns, and gradually building the aforementioned barriers.

Infineon has raised its sales forecast for data center business in 2027, expecting sales for the fiscal year ending in September to grow to approximately 4 billion euros.The previous forecast for AI data center power solutions revenue was 2.5 billion euros. CEO Hannebeck stated that revenue and profitability will significantly increase in fiscal year 2027, with power chips being one of the main growth drivers.

NeoSoul and Brevis announced a technical collaboration to explore how to protect sensitive data in AI trading.As AI Agents take on more specific trading tasks, users' trading methods, preferences, and related data will also enter the product workflow. For individual users and platforms, clear data usage boundaries and explicit computational verification methods are important considerations in the design of such products.Brevis is a verifiable computing platform based on zero-knowledge proofs, with related technology supporting the processing of historical data from the supported chain, executing specified computations, and verifying computation results through proofs. This collaborative exploration will combine the practical needs of AI trading to study applicable scenarios for the relevant technology.NeoSoul continues to advance product development around Agentic Trading, refining the AI trading experience for individual users through NeoTrade, and promoting capability openness for platforms and other Agents. The collaboration with Brevis is a progress in NeoSoul's expansion of professional technical cooperation in this direction.NeoSoul's co-founder stated: "In the future, more and more AI Agents will directly participate in financial markets on behalf of individuals and platforms, and financial infrastructure needs to adapt to a new batch of market participants. Protecting trading strategies and computational verification will become crucial issues that restrict the scaling of Agentic Trading. Our collaboration with Brevis aims to provide the necessary technical foundation for the development of this trend."

Serenity stated that new cloud service providers like NBIS (Neocloud) are attractive after a significant drop in valuation. He believes that if manufacturers maintain close relationships with suppliers like NVIDIA, have signed capacity and necessary licenses, possess well-funded partners, and can finance equipment procurement at reasonable costs, they may still perform well.He cited IREN's financial report, noting that a prepayment in a five-year agreement could cover 90% of GPU capital expenditures, indicating that publicly listed Neocloud can adapt to a tight financing environment. The re-signing price for their old H100 GPU has reached twice the previous amount, which he believes contradicts some market concerns about equipment depreciation. Regarding approvals, Serenity referenced a Rosenblatt research report stating that the major construction projects of NBIS in Missouri, Pennsylvania, and South Carolina have low risk. He is more concerned about new entrants that are just beginning to finance or obtain permits and believes that tightening financing and potential approval restrictions may actually expand the competitive advantages of existing Neoclouds, establishing a stronger moat for them.

Hong Kong Exchanges and Clearing Limited (HKEX) released its quarterly performance report for the nine months ending September 30, 2026, which disclosed that the variety of exchange-traded products continues to expand. During the quarter, 25 new products were launched, setting a new seasonal high, including the introduction of the first multi-asset actively managed ETF that invests in both gold futures and physical Bitcoin.However, HKEX's overall performance unexpectedly declined, ending the trend of several consecutive quarters of record highs driven by the wave of technology and AI company listings. Net profit fell by 1% year-on-year to HKD 4.9 billion, below analysts' average expectation of HKD 5.03 billion; core business revenue remained basically flat at HKD 7.47 billion. HKEX's CEO, Charles Li, stated that in the face of rising macroeconomic uncertainty and ongoing market volatility, the company will continue to firmly promote the construction of a deeper and more diversified multi-asset ecosystem.

According to market data from RootData, the South Korean KOSPI index fell by 5.6%, triggering the sell-side mechanism for both KOSPI and KOSDAQ. SK Hynix's stock price decline expanded to 10%.

B.AI announced that Tencent's Hunyuan has officially launched a new language model, Hy4, designed for multi-step agent workflows and long-term productivity tasks, with API and Web Chat available simultaneously.Hy4 introduces visual understanding capabilities for the first time, supporting both text and image inputs, and features a 1M Token ultra-long context window, covering software development, document and chart analysis, and complex office agent tasks, demonstrating stable performance in long-chain reasoning and function calling scenarios.For developers who need to continuously handle multi-step tasks, cross-document analysis, and office automation, Hy4 offers a new option that balances context length and visual understanding; B.AI is also launching an official 50% discount, with the promotion running until December 31, 2026, 23:59:59 (SGT), further reducing the cost threshold for high-frequency calls and large-scale agent deployments.

B.AI announced that OpenAI's GPT-6.1 Terra is officially launched, with API and Web Chat both available for synchronized experience.This model is designed for efficient visual reasoning, precise computer operations, and clear natural text writing, combining adjustable reasoning capabilities with a 1.05M ultra-long context window, covering daily professional workflows and complex application scenarios; it supports a maximum output of 128K tokens, with a standard price of $1.00 per million input tokens and $5.00 per million output tokens, balancing performance and cost flexibility.

According to Gate data, the U.S. stock market closed on Tuesday (October 27), with the Dow Jones Industrial Average up 0.03%, the S&P 500 index up 0.60%, and the Nasdaq up 1.18%.Neocloud stocks rose across the board, with Nebius (NBIS) up 11.22%, Cipher Digital (CIFR) up 9.99%, Galaxy Digital (GLXY) up 9.57%, Applied Digital (APLD) up 9.42%, CoreWeave (CRWV) up 7.94%, and IREN up 7.90%.Most optical communication concept stocks strengthened, with Credo (CRDO) up 10.77%, Astera Labs (ALAB) up 10.47%, Applied Optoelectronics (AAOI) up 6.96%, Coherent (COHR) up 6.38%, and Lumentum (LITE) up 5.88%.Storage stocks rose across the board, with Western Digital (WDC) up 6.95%, SanDisk (SNDK) up 3.92%, Seagate Technology (STX) up 3.67%, Micron Technology (MU) up 2.77%, and SK Hynix (SKHY) up 1.92%. Semiconductor stocks also rose, with AMD up 5.45%, Marvell Technology (MRVL) up 4.19%, Broadcom (AVGO) up 4.00%, Intel (INTC) up 3.61%, and both TSMC (TSM) and ASML up 2.94%.

Bankless co-founder David Hoffman posted that a batch of tokens he referred to as "Bitcoin clones from the 2017 era" has recently attracted market attention again.Among them, PRL rose 30% this week, with a fully diluted valuation (FDV) reaching $4.2 billion; QTC increased by 300% this month, achieving a valuation of $1.8 billion with a total supply of 21 million tokens. Interestingly, tokens with a fixed supply of 21 million have garnered billion-dollar valuations, which is quite noteworthy.

NVIDIA CEO Jensen Huang stated during an interview with CNBC reporter Arjun Kharpal at the GTC conference in Berlin on Thursday that the demand for neocloud is extremely high and its capabilities are extraordinary, but insufficient working capital is restricting growth. He mentioned that there is huge demand in multiple fields of artificial intelligence, and the capital demand far exceeds supply, a problem that will be resolved.Jensen Huang indicated that electricity is the main constraint on the expansion of artificial intelligence, with European electricity prices being higher. He believes that allocating scarce energy to companies like Nebius and Mistral is crucial for their growth. Investment can enter Europe, but local infrastructure must be established first; if European neocloud can build infrastructure locally, the artificial intelligence ecosystem and economy can start and remain in Europe. He added that the whole of Europe still needs more neocloud.NVIDIA is conducting media activities in Europe this month and has committed nearly $10 billion in investments to local companies, universities, and research institutions. Jensen Huang announced last week during his visit to London that the company has invested over $1 billion in five UK startups and is also investing in several French startups. He stated that NVIDIA is trying to kickstart the artificial intelligence economy in Europe, which has a wealth of technology, industrial experience, and research capabilities, and is ready to participate in and build a local artificial intelligence economy.

AI Agent trading project NeoSoul announced today that Alan, former product head at Tencent and ByteDance, has been appointed as Chief Product Officer (CPO), fully responsible for product direction.Alan graduated from Tsinghua University and has worked on AI products at Tencent, ByteDance's TikTok, and SenseTime, with 8 years of Web3 experience. NeoSoul stated that it will continue to invest in product research and development, with a long-term focus on Agentic Trading.

Infineon and NVIDIA announced a collaboration on power conversion for data centers.

Elon Musk stated that SpaceX will attempt to recover both the booster and the spacecraft simultaneously during the 15th test flight of Starship.

On October 19, the B.AI platform announced that MiniMax's MiniMax M3.1 Flash (also known as Space Bunny) is officially online, with API and Web Chat both available for a synchronized experience. This model is designed for complex office automation, software engineering, visual reasoning, and professional analysis, supporting multi-step task execution, front-end implementation, and presentation creation, helping developers and professional users efficiently transform ideas into tangible results. The model supports a 1M Token context window and up to 512K output Tokens, with standard prices as low as $0.15 per million input Tokens and $0.60 per million output Tokens, balancing complex task processing with high cost-effectiveness.

According to the Gate Launchpool page, there are currently four projects underway: DNA, BLKHION, CT, and GT, offering various asset staking options.Among them, DNA is the first project, with a total reward of 2,800,000 DNA. The APR for the ETH, BTC, and DNA pools is 7.25%, 6.24%, and 218.90%, respectively. The total reward for the BLKHION project is 30,400 BLKHION, with the APR for the USDT, BLKGRWON, and MAG7XON pools being 5.15%, 147.62%, and 97.56%, respectively.Meanwhile, the total reward for the CT project is 1,000,000 CT, with the APR for the USDT, CT, and GT pools being 5.10%, 65.82%, and 2.48%, respectively. The total reward for the GT project is 18,400 GT, with the APR for the ETH and BTC pools being 6.83% and 4.51%, respectively.

The outstanding balance of Coinbase's crypto asset collateralized loans has reached $2.3 billion, with the product launching in January 2025. Eligible users outside of New York State can stake Bitcoin to borrow USDC without selling their holdings, with loans routed through the Morpho decentralized lending protocol on the Base network.Coinbase has added fixed-rate loans through Morpho Midnight, expanding the stakable assets to XRP, DOGE, ADA, and LTC; as of mid-September 2026, the scale of floating-rate loans has exceeded $1.4 billion, supported by approximately $3 billion in collateral. JPMD tokenized deposits from JPMorgan Chase have been operating on Base for institutions since mid-2026, while Citigroup and BNY Mellon are also advancing related layouts, and several UK banks plan to launch related networks in 2027.