玩家也多，从光引擎到激光器。 l l 看了一些paper，抛开横向的争议（scale out 领域的 cpo 节约能耗估计就4%，降本也是个位数）。但是在scale up 领域 ，cpo对纵向 增加带宽，缩短距 离，降低耗损，充分发挥超短serdes 优势，全球一边倒的认可！ 方案很多，混合键和... 目前 到了2.5d！ 今年四季度会有量出来！ 看来封装no1，你大爷还是你大爷！ CPC 有 VR 9 App 86 2 m 相關tos 2 03 2112 18 2 abril 5 propo of the 2249H1 4486 we altro NV: 2027 crities + b Poad Com 512 TCP .e/s BAND FINE OBES 1812 1312 12 12 222 122 1222 12 O 乳印化,展照可持被采摘要 () ; ; } ; } } } } = P - 6880, 685PD 2/0 = There / Our pro Pro Pr = {kir | gunt . 2 程电图体育. 08000000000000000 低用与原版 用品 2009/202247 ...

在看一些基础paper 一脑子 赫兹，频率.... 当年也是 高考物理 数学 化学满分的人。 也掉头发。 函数。 ...

15:46 9 .11 5G CD 智谱(2513) 02-13 15:46:39 487.800 额 23.2亿 股本 4.46亿 市盈™ -110 力得 盘口 85.800 21.34% 换 2.26% 市值 2175亿 市净 -32 分时， 五日期，日K、 周K、 月K、 單名 (0) 叠加 设均线 MA5:359.400↑ 10:291.140↑ 20:253.650↑ 30:0. 前复权 531.414 = 496.000 _ ... 306.050 16.100 80.686 2026-01-08 01-28 02-13 成交量 总手:500万 总额:23.23亿 VMA5:458万 VMA10:305万 VMA: MACD(12.26.9) DIF:53.18677 DEA:31.24929 MACD:43.87497 × 53.19 市盈率 市盈率:90.82 79.83 -90.82 ▲ 4.42% 加自洗 分享 浓加提醒 中文 Wind香港软件 15:46 9 ·1 5G C2 MINIMAX-WP(0100) C 02-13 15:46:27 额 17.5亿 股本 3.14亿 市盈™ 6 ...

平时工作日，微信把整块时间都切碎！ 压根没有深度思考的时间。 今天开始，关掉工作微信。 终于可以干点大活了！ 做点深入研究。 做的那些零零碎碎的事，都没有太方向性，建设性。 只有大假 才能有时间认真思考。 ...

原来根子在这里。 2Y 美国国债(2YRNOTE) W 02-09 11:14:26 3.479 最高 3.516 52周最高 4.426 昨收 3.491 今开 3.487 最低 3.475 52周最低 3.376 -1.25bp -0.36% 3.523 10日平均 3.537 20日平均 3.564 5日平均 60日平均 3.527 120日平均 3.540 250日平均 3.681 日K 分时 F (0) 叠加 设均线 EXPMA15:3.533↓ 50:3.708↓ 120:3.836↓ 268:3.371↑ 0:0 445.268 3.914 3.3. 2.383 2025-07-04 2026-02-09 2023-10-06 24-04-12 美股也交易的短久期，谁涨价 涨谁！ 半导体也涨的光纤 要贴现估值的长久期品类 ，最近也很惨。 我就说moltbot 等等 各种亮眼应用都没让 csp 大模型厂起来。 长期国债收益率根本没下来 ...

Group 1 - The core viewpoint of the article highlights the significant increase in capital expenditures (capex) for major tech companies like Google and Amazon, indicating a strong investment in AI computing power [1] - Google’s capex has risen from $91 billion to between $175 billion and $185 billion, effectively doubling its investment [1] - Amazon is projected to reach a capex of $200 billion by 2026, also doubling its investment [1] Group 2 - The article mentions that hardware investments have surged, reflecting a broader trend in the tech industry [1] - The focus of investments is shifting from cloud services to computing power, emphasizing the importance of AI capabilities [5] - Companies like AMD and NVIDIA are also highlighted, with AMD's market capitalization at $339.8 billion and NVIDIA's at $4,505.5 billion, showcasing their significant roles in the semiconductor industry [3][4]

Core Insights - Amazon's recent earnings report missed expectations, particularly in e-commerce performance, with declining ROIC and poor cash flow [1] Financial Performance - In Q4 2025, Amazon achieved revenue of $213.4 billion, a year-over-year increase of 12%, with an operating profit of $25 billion impacted by one-time expenses of $2.4 billion [2] - Net profit reached $21.2 billion, reflecting a year-over-year growth of 5.94%, resulting in diluted earnings per share of $1.95, which met basic expectations [2] - Online store revenue was $82.99 billion, up 9.84% year-over-year, while physical store revenue was $5.855 billion, up 4.95% [2] - Third-party seller services generated $52.816 billion, a year-over-year increase of 11.23%, and advertising revenue was $21.317 billion, up 23.31% [2] - Subscription services brought in $13.122 billion, reflecting a year-over-year growth of 14.03% [2] - Cloud business (AWS) revenue reached $35.6 billion, with a growth rate accelerating to 24%, surpassing the consensus estimate of $34.9 billion, and operating profit was $12.5 billion [2] - AWS's annualized revenue run rate is currently $142 billion [2] Capital Expenditure and Future Outlook - Amazon has delivered over 1.4 million Trainium 2 chips, noted for their rapid scaling and cost-effectiveness, being 30% to 40% more efficient than comparable GPUs [2] - The company plans to invest approximately $200 billion in capital expenditures by mid-2026, primarily directed towards AWS, significantly exceeding the consensus estimate of $146.1 billion [2] - Cash flow for 2024 is projected at $32.878 billion, dropping to $7.695 billion in 2025 [3] Market Context - The market is questioning investment returns in the fourth year of AI, with companies like Microsoft, Meta, and Amazon facing dissatisfaction from capital markets regarding their return on investment [4][5] - There is a concern that if capital expenditures continue to rise, it could negatively impact net profits and cash flow, particularly for cloud companies starting from Q3 2025 [6]

昨晚一堆人问 怎么道琼斯和纳斯达克那么分离？ 道琼斯里面都是些啥？苹果，汽车，医药，基建老登！估值低，位置低！ | ( G | | | 美元指数 | | | | | --- | --- | --- | --- | --- | --- | --- | | | | | USDX.FX | | | | | 97.6394 | | 前收 | 97.6302 | | 97.6329 | | | +0.0092 | +0.01% | 卖出 | 97.6394 | 买入 | 97.6394 | | | 最高 | 97.6617 | 今年来 | -0.64% | 20日 | -1.12% | | | 最低 | 97.6187 | 10日 | -1.14% | 60日 | -1.85% | | | 分时 | 五日 | 日K | ョK | EK | 明名 | | | 设均线 产加 | | | MA5:97.4770↑ 10:97.0230↓ 20:97.9931↓ 30:91 切走势线 | | | | | 100.21737 | | | | | | | | 97.6870 | | | | | | | | >> | 16 | | ...

Core Viewpoint - Google's capital expenditure (capex) guidance significantly exceeds market expectations, indicating strong financial health and investment capacity [1][2]. Group 1: Capital Expenditure - Google's Q4 FY25 capital expenditure is $27.85 billion, up 95.1% year-over-year and 16.3% quarter-over-quarter, slightly below the expected $28.26 billion, with approximately 60% allocated to servers and 40% to data centers and networking equipment [1]. - The total capital expenditure for 2025 is projected at $91.45 billion, within the previously guided range of $91 billion to $93 billion [1]. - The 2026 capital expenditure guidance is set between $175 billion and $185 billion, significantly higher than the company's own forecast of $125 billion and market expectations of $118 billion [2]. Group 2: Financial Performance - Google's revenue for the period is $113.83 billion, reflecting a year-over-year increase of 16.0% and a quarter-over-quarter increase of 6.1%, slightly surpassing market expectations of $111.43 billion [3]. - The net profit stands at $34.46 billion, up 29.8% year-over-year but down 1.5% quarter-over-quarter, exceeding market expectations of $31.93 billion [3]. - Earnings per share (EPS) is reported at $2.82, a 31.2% increase year-over-year and a 1.7% decrease quarter-over-quarter, also surpassing market expectations of $2.65 [3]. Group 3: Google Cloud Highlights - Google Cloud revenue is $17.664 billion, up 48% year-over-year, significantly exceeding the expected growth rate of 35%, with an accelerated growth rate quarter-over-quarter [3]. - Operating profit for Google Cloud is $5.313 billion, representing a 154% year-over-year increase, indicating a substantial improvement in profit margins [3]. - The backlog of orders has increased by 55% quarter-over-quarter, reaching $240 billion, with new customer acquisition rates doubling compared to Q1 FY25 [4]. Group 4: Technological Advancements - Existing customers' actual spending on Google Cloud exceeds initial commitments by 30% [4]. - The Gemini model's API calls exceed 10 billion tokens per minute, up from 7 billion tokens in the previous quarter [4]. - Monthly active users for the Gemini app have surpassed 750 million, showcasing strong user engagement [4].

老美也涨老登 消费电子特别惨，过去三个季度 卖pc的已经不想理咱们问询了 22:42 .။ ? ( 苹果(APPLE) √ W AAPL.O 276.200 量 669.2万 股本 146.81亿 市盈™ 34.4 万得 盘口 换 0.05% 市值 40549亿 市净 45.98 6.720 2.49% ■ ▼ 五日 日K 周K 月K 电子 (0) 叠加 设均线 BBI:263.69 前复权 292.834 <- 288.620 66.020 >> 243.420 239.206 and and the best of the best of the first 1 1 1 1 2026-01-16 12-11 12-11 12-30 02-04 2025-11-21 MACD(12,26,9) DIF:0.19121 DEA:-2.72469 MACD:5.83178 " " 6.24 TRIX(12.9) -0.13 TRMA:0.00 X -0.36 卖空股数 0.00 X 0 14 49523.42 添加提醒 加自选 电子 分享 道琼斯 22:40 .II ? I 美国银行(BANK OF AMERI ...