Core Viewpoint - Qualcomm reported slightly better-than-expected revenue and profit for the latest quarter, but its guidance for the next quarter fell short of Wall Street estimates due to tight memory chip supply, leading to a nearly 10% drop in stock price in after-hours trading [3][4]. Financial Performance - For the first fiscal quarter of 2026, Qualcomm achieved revenue of approximately $12.25 billion, a year-on-year increase of 5%, surpassing the analyst average expectation of about $12.18 billion [3]. - GAAP net profit was $3.004 billion, a decline of 5.5% year-on-year, while non-GAAP net profit was $3.78 billion, a year-on-year increase of 3%, slightly exceeding market expectations [3]. - Semiconductor business (QCT) revenue was $10.61 billion, and licensing business (QTL) revenue was $1.59 billion, both showing year-on-year growth [3]. Guidance and Market Impact - For the second quarter of fiscal 2026, Qualcomm expects revenue in the range of $10.2 billion to $11 billion, below the analyst consensus of over $11 billion [3]. - Adjusted earnings per share are projected to be between $2.45 and $2.65, lower than the market estimate of around $2.89 [3]. Supply Chain Challenges - Qualcomm highlighted that the ongoing tight supply of memory chips is affecting smartphone manufacturers' production plans and inventory rhythms, which in turn suppresses demand for its processors [4]. - CEO Cristiano Amon stated that the pressure on guidance is primarily due to supply chain constraints rather than a significant decline in end-market demand [4]. Market Trends - Due to limited memory supply, smartphone manufacturers are prioritizing high-end models, which supports Qualcomm's chip demand in the high-end Android smartphone market but puts pressure on mid-range and low-end model shipments [6]. - The supply chain crisis triggered by storage issues is posing challenges to the entire smartphone chip industry, affecting other major chip design companies as well [6]. Strategic Focus - Qualcomm plans to accelerate expansion in automotive, IoT, personal computers, and data center sectors to address industry challenges and cyclical fluctuations in the smartphone market [6]. - In the latest quarter, automotive chip revenue was approximately $1.1 billion, a year-on-year increase of about 15%, while IoT business revenue was about $1.7 billion, a year-on-year increase of about 9% [6]. Future Outlook - The ability of Qualcomm to alleviate supply chain bottlenecks and achieve breakthroughs in emerging markets such as automotive, AI, and edge computing will be a focal point for investors in the coming quarters [8].

百度集团在港交所公告称，预计于2026年首次派发股息。董事会已授权一项新的股票回购计划，最高 回购金额为50亿美元。 编辑：七三 ...

编辑：七三 据央视新闻，2月5日，日本总务省消防厅发布消息称，截至目前，自1月20日以来的强降雪已在日 本全国造成38人死亡。 ...

本文字数：2725，阅读时长大约4分钟 作者 | 第一财经 樊志菁 随着投资者关注到人工智能技术的快速发展或颠覆某些行业商业模式，同时相关板块的热潮可持续性担忧再次涌现，本周美股部分成长性板块面临巨大 考验，纳指和标普500指数进一步脱离历史高位。 与此同时，资金开始撤出转向工业、运输等避险板块，等待形势进一步明朗。 2026.02. 05 市场抛压加剧 受软件板块与大型科技股走弱拖累，美股本周面临巨大抛售压力。 导火索在于人工智能新贵Anthropic推出全新合规模型对部分行业商业模式的冲击和 威胁。 投资者对大型科技股的集中度风险，以及市场对人工智能的狂热情绪推高板块估值、导致估值泡沫的担忧有所升级。软件股遭遇抛售潮，道琼斯市场数 据显示，道富标普软件与服务交易所交易基金ETF两天下挫近8%，近两周跌幅扩大至15%。 据华尔街两家大型基金的消息人士透露，对冲基金正加大对软件类股的做空押注，成为今年以来该板块遭遇惨烈抛售的一大推手。S3 Partners的数据显 示，随着软件行业总市值蒸发1万亿美元，卖空者今年迄今已从软件类股的交易中斩获240亿美元的暴利。 英伟达CEO黄仁勋在思科的一场活动中驳斥AI引发 ...

北京时间2月5日早上7:30，FF在拉斯维加斯举办美国国家汽车经销商大会活动上，举行FF首批具身 智能（Embodied AI）机器人产品发布会。 编辑：七三 此前，FF从上市到几近破产，去年4月，贾跃亭重新出任FF的Co-CEO，试图重塑FF。身背巨额债 务的贾跃亭，自2017年7月赴美创业，已八年未回国。 ...

2月5日， 现货金银高开 。截至07:04，分别报4980美元/盎司和88.3美元/盎司。 截至07:16 ，现货黄金向上触及5000美元，日内上涨0.75%。隔夜现货金银大幅回调。 编辑：七三 ...

2026.02. 05 本文字数：1909，阅读时长大约3分钟 作者 | 第一财经 樊志菁 美国总统特朗普周三表示，他认为美联储下调美国基准利率这件事 "没什么可怀疑的"。 特朗普在接受美国媒体采访时称，他相信自己提名的下任美联储主席人选凯文・沃什，能够理解他希望下调利率的立场。当被问及沃什是否清楚他希望 其下调利率时，特朗普回应道："我认为他是清楚的，而且我觉得即便没有我的要求，他本身也打算这么做。"他还补充道："我的意思是，如果他过来跟 我说'我想要加息'，他根本就得不到这个职位，绝对不可能。" 值得一提的是，因美国司法部对美联储主席鲍威尔就美联储办公大楼翻修项目作证时的相关表述发起司法调查，参议院银行委员会的共和党籍议员汤 姆・蒂利斯明确表示，将会阻止参议院对任何美联储提名人选的审批。蒂利斯的反对票，叠加民主党因调查涉嫌威胁美联储独立性，一致反对在调查阴 影下推进提名流程，意味着委员会的投票结果将陷入平局，沃什的提名案也将因此卡在委员会阶段。 鲍威尔去留受关注 蒂利斯本周表示，此次阻挠沃什提名案的推进，不仅会打乱特朗普对美联储的人事布局，司法部的这起调查还可能让鲍威尔在主席任期结束后，选择继 续留任美联 ...

本文字数：1676，阅读时长大约3分钟 作者 | 第一财经 樊志菁 周三，受科技股抛售潮加剧影响，纳指标普承压收跌，资金流向工业等板块避险。截至收盘，道指涨260.31点，涨幅0.53%，报49501.30点，纳指跌 1.51%，报22904.58点，标普500指数跌0.51%，报6882.72点。 明星科技股跌多涨少，苹果涨2.60%，微软涨0.72%，谷歌跌2.16%，亚马逊跌2.36%，Meta跌3.28%。特斯拉跌3.78%。 纳斯达克中国金龙指数跌近2%，网易跌5.4%，百度跌4.77%，阿里巴巴跌2.76%，京东、拼多多跌超1%。 2026.02. 05 阿根特资本的投资组合经理杰德・埃勒布鲁克表示："人工智能基础设施的建设规模史无前例，消费者和企业采用人工智能工具的速度也前所未有。股市 如今难以判断相关个股的合理定价，也无法看清行业未来走势……市场突然对人工智能领域产生了质疑和担忧。" 中长期美债收益率分化，与利率预期关联密切的2年期美债跌1.3个基点至3.558%，基准10年期美债涨0.4个基点至4.277%。 | 名称 | 现价令 > 张跌幅 > > > 涨跌 > | | --- | --- ...

据新华社，2月4日晚，国家主席习近平同美国总统特朗普通电话。 特朗普表示，美国和中国都是伟大的国家，美中关系是世界上最重要的双边关系。我同习近平主席有 着伟大的关系，我很尊重习近平主席。在我和习近平主席引领下，美中在经贸等领域进行了良好互 动。我乐见中国成功，美方愿与中方加强合作，推动两国关系取得新发展。我重视中方在台湾问题上 的关切，愿同中方保持沟通，在我任内保持美中关系良好稳定。 习近平指出，过去一年，我们保持着良好沟通，在釜山成功会晤，为中美关系领航把舵，受到两国人 民和国际社会欢迎。我高度重视中美关系。新的一年，我愿同你继续引领中美关系这艘大船穿越风 浪、平稳前行，多办一些大事、好事。美方有美方的关切，中方有中方的关切。中方言必信，行必 果，说到做到。只要双方秉持平等、尊重、互惠的态度相向而行，就可以找到解决彼此关切的办法。 今年中美两国各自都有不少重要议程，中国"十五五"开局起步，美国将迎来建国250周年，两国将 分别主办亚太经合组织领导人非正式会议、二十国集团领导人峰会。双方要按照我们达成的共识，加 强对话沟通，妥善管控分歧，拓展务实合作，不以善小而不为，不以恶小而为之，一件事一件事去 做，不断积 ...

Core Viewpoint - The article emphasizes the new opportunities for agricultural and rural development brought by the latest technological revolution and industrial transformation, as outlined in the "14th Five-Year Plan" central document, which highlights the integration of advanced technologies like drones and robotics into agriculture [2][4]. Group 1: Agricultural Modernization and Technology Integration - The central document calls for enhancing agricultural production capacity and quality, implementing precise assistance, and promoting stable income growth for farmers [2][7]. - China has become the largest country in terms of agricultural drone ownership, with over 300,000 units out of approximately 500,000 globally, indicating a significant technological advancement in agriculture [2][4]. - The integration of artificial intelligence in agriculture is expected to transform traditional farming practices into data-driven and algorithm-enhanced operations, thereby accelerating the digital transformation of agriculture [4][5]. Group 2: Policy Measures for Farmer Income Growth - The central document outlines four key tasks aimed at improving agricultural productivity and farmer income, including stabilizing farming income and developing local industries [7][8]. - By 2025, the average disposable income for farmers is projected to reach 24,456 yuan, reflecting a 6% increase from the previous year, while the income disparity between urban and rural residents is expected to narrow [7][8]. - A comprehensive set of policies is proposed to support farmers, including stabilizing crop prices, implementing subsidies, and promoting rural e-commerce and new business models to enhance income opportunities [8][9]. Group 3: Employment and Skills Development for Farmers - The document emphasizes the importance of stable employment for migrant workers, proposing measures such as vocational training and support for key industries to enhance job opportunities [9][10]. - Ensuring timely payment of wages and addressing wage arrears are critical to supporting migrant workers, especially during peak periods like the pre-Chinese New Year [9][10]. - The integration of migrant workers into urban life through improved skills and access to public services is expected to enhance their overall income and living conditions [10].