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The Xiaomi N90 Max Explorer Edition is priced at 299,900 yuan.On September 7th, Goldman Sachs significantly raised its industry forecast in its latest global optical module report, predicting that the global optical module market size will reach approximately $67.7 billion, $131.4 billion, and $148.5 billion in 2026, 2027, and 2028, respectively, representing increases of 33%, 81%, and 115% compared to previous forecasts. Goldman Sachs believes that this upward revision is not simply due to the growth in the number of AI servers, but more importantly, the continued migration of AI server architecture to high-speed networks, coupled with the increasing number of optical modules required for a single GPU or ASIC chip, driving rapid growth in demand for 800G, 1.6T, and even 3.2T.On September 7th, Goldman Sachs significantly raised its industry forecast in its latest global optical module report, predicting that the global optical module market size will reach approximately $67.7 billion, $131.4 billion, and $148.5 billion in 2026, 2027, and 2028, respectively, representing increases of 33%, 81%, and 115% compared to previous forecasts. Goldman Sachs believes that this upward revision is not simply due to the growth in the number of AI servers, but more importantly, the continued migration of AI server architecture to high-speed networks, coupled with the increasing number of optical modules required for a single GPU or ASIC chip, driving rapid growth in demand for 800G, 1.6T, and even 3.2T.The Xiaomi N90 Max is priced at 269,900 yuan.On September 7, local time, European Commission President Ursula von der Leyen, during her visit to Greenland, a self-governing territory of Denmark, signed a joint statement with Danish Prime Minister Jean-Michel Frederiksen and Greenlandic Prime Minister Jens-Frederik Nilsson on EU-Greenland relations. At a press conference, von der Leyen stated that the EU will deepen connectivity with Greenland and strengthen cooperation in areas such as clean energy and key raw materials. She also announced a partnership investment plan totaling approximately €200 million for related investments and cooperation in Greenland from 2026 to 2027. In addition to economic and infrastructure cooperation, the EU will also strengthen its support in areas such as housing, tourism, education, and youth exchanges. Von der Leyen stated that in the next budget cycle until 2034, EU financial support for Greenland will increase to approximately €530 million, further expanding long-term cooperation between the two sides. Von der Leyen also reiterated the EUs support for Denmark and Greenland, emphasizing that the future of Greenland should be decided by the people of Greenland and Denmark.

Gold Price Prediction: XAU/USD sellers try to maintain control ahead of an imminent bear cross

Daniel Rogers

Sep 05, 2022 16:26

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Bears must regain footing below $1,700 to resume their downward momentum. The next cushion is located at $1,690, which corresponds to the rising trendline support. Below a break of the yearly lows, a test of the 2021 low of $1,677 is possible if the decline accelerates below the latter.

 

"The 21-day moving average (DMA) is poised to cross below the 50-day moving average (DMA), which, if confirmed by a daily closing price, will constitute a bear cross. The bearish crossover will lend credence to the metal's bearish prospects.

 

"The initial barrier for bulls will be Friday's high of $1,718, above which the $1,720 round figure could come into play. The August 31 high of $1,727 could be difficult for buyers of XAU."