我们会保护我们的员工，不会被他试图恐吓员工的行为所胁迫。" 【如需和我们交流可扫码添加进社群】 整理 | 美股研究社 在这个快速 变 化的 时代， 人工 智能技术正以前所未有的速度发展，带来了广泛的机会 。 《AI日 报 》致力于挖掘和分析最新的AI概念股公司和市场趋势，为您提供深度的行 业 洞察和 价 值 分析。 A I 快 报 1、 日本富士通公司周五表示 ，将扩大与英伟达的战略合作，以创建集成人工智能代理的全栈 人工智能基础设施。 该倡议旨在通过人工智能增强企业的竞争优势，同时保留企业在人工智能 利用方面的自主权。 2、英特尔股价股价周四上涨3% ，当月涨幅超过50%，美国政府持股达到160亿美元。 3、 英伟达收高0.88%，股价再创历史新高，成交257.54亿美元。 至此该股已经连续第六个交 易日收高，市值达到4.59万亿美元。日前英伟达与人工智能研究机构OpenAI正式签署战略合作 意向书，计划联合建设覆盖大规模算力的数据中心。根据协议框架，英伟达将通过技术投资与硬 件供应的双重模式，深度参与OpenAI的AI基础设施布局。据知情人士透露，此次合作包含两笔 关联交易：OpenAI将以现金形式向英伟 ...

整理 | 美股研究社 在这个快速 变 化的 时代， 人工 智能技术正以前所未有的速度发展，带来了广泛的机会 。 《AI日 报 》 致力于挖掘和分析最新的AI概念股公司和市场趋势，为您提供深度的行 业 洞察和 价 值 分析。 A I 快 报 1. 中信里昂发表报告， 将阿里巴巴(BABA.N)目标价由155美元，调高29%至200美元，投资评 级为"跑赢大市"。 中信里昂表示，由于人工智能（AI）需求强于预期，阿里巴巴目前预计未来3 年资本支出将逾3800亿元人民币，并预期其全球资料中心用电量将在2032年较2022年成长10 倍。统一模型有望成为全球领先的开源模型系列。它推出了全新的旗舰模型Qwen3—Max，拥有 超过1兆个参数和36兆个预训练资料。其模型工作室可以透过低程式码视觉化平台、代理SDK和 内建代理赋能代理开发。阿里巴巴将与英伟达在实体人工智能领域展开合作，并计划加速全球扩 张。该行相信，阿里巴巴将成为中国云端运算领域最大的赢家。 3. AI基础设施REIT公司Fermi登陆美股，收涨54.9%，市值近193亿美元。 专注于开发人工智 能(AI)用途电力及数据中心基础设施的得克萨斯州房地产投资信 ...

Core Viewpoint - The telecommunications industry has undergone significant changes over the past decade, with increased competition impacting traditional operators like Verizon Communications (NYSE: VZ) [1][5]. Financial Performance - Over the past five years, Verizon has provided a total return of -1.42% to investors, while the S&P 500 index has delivered a total return of 112.5% [3]. - Verizon's Q2 earnings report showed a GAAP EPS of $1.18, exceeding expectations by $0.10, with actual revenue of $34.05 billion, slightly above market expectations [3][9]. - The company's net profit margin currently stands at 13.28%, which is below its 10-year average [9]. User Growth and Market Position - Verizon's postpaid phone user losses have narrowed, but broadband user growth has slowed, with net adds dropping from 339,000 in Q1 2025 to 293,000 in Q2 2025 [4]. - The company holds nearly 37% market share in a saturated U.S. market, but this share is at risk due to increasing competition [4][11]. Competitive Landscape - Verizon faces intense competition from AT&T, T-Mobile, and Cricket Wireless, with customers showing low brand loyalty [5][11]. - Despite recent price increases, competitors are using promotional discounts to attract customers, which may impact Verizon's market share [11]. Debt and Cash Flow - Verizon's cash flow has stagnated since December 2020, with the company planning to spend between $17.5 billion and $18.5 billion this year, while its debt approaches $170 billion [7]. - The company's ability to increase dividends is limited due to high spending and rising debt levels [7]. Strategic Moves - Verizon's acquisition of Frontier Communications for $20 billion has been approved by the FCC and may provide slight benefits, particularly in expanding its 5G network [11]. - The company is recognized for its strong reputation among consumers, which may help improve its 5G network capabilities [11].

Core Viewpoint - The article discusses the recent surge in U.S. Treasury yields, the implications for the stock market, and the potential impact of economic policies under President Trump, highlighting concerns about inflation and market reactions to interest rate expectations [4][9][10]. Group 1: Bond Market Dynamics - The U.S. bond market has experienced significant sell-offs, with the 10-year Treasury yield reaching 4.73%, approaching the 5% peak from October 2023 [4]. - The 20-year Treasury yield has surpassed 5%, while the 30-year yield stands at 4.96% [4]. - The rise in yields is attributed to inflation concerns and a reassessment of interest rate expectations, particularly in light of potential fiscal policies under the incoming Trump administration [9][10]. Group 2: Stock Market Implications - Analysts suggest that the stock market may face further declines, with the potential for significant challenges in the next six months due to rising bond yields [7][20]. - The correlation between stock and bond yields has turned negative, indicating that continued increases in bond yields could negatively impact stock valuations [20][23]. - Despite rising yields, the stock market has shown relative stability, which may indicate increased risk of a downturn if negative economic news emerges [20][21]. Group 3: Economic Policy Concerns - Nobel laureate Paul Krugman expresses concerns that market reactions to Trump's potential economic policies could lead to inflationary pressures, affecting long-term interest rates [11][14]. - Krugman warns that if Trump implements his proposed policies, the Federal Reserve may need to halt interest rate cuts, potentially leading to further increases in rates [14][15]. - Janet Yellen emphasizes the importance of responsible fiscal management to avoid the return of "bond vigilantes," who could pressure the government to change policies through market reactions [25][26].

Core Viewpoint - Amazon is transforming its cloud technology business by partnering with the NBA, positioning itself as the "technical heart" and "intelligent brain" of the sport, leveraging AI to create a robust "data + content" ecosystem [2][12]. Group 1: Partnership and AI Integration - The partnership with the NBA is not just a cloud service agreement; it introduces the "NBA Deep Court" platform, which aims to fully datafy and intelligentize basketball using Amazon's AI and machine learning capabilities [4][12]. - Amazon's cloud technology is now at the forefront of defining game content and influencing fan perception, moving beyond traditional backend infrastructure [7][12]. Group 2: New Metrics and Competitive Advantage - Three new statistical metrics introduced are: 1. Defensive statistics that quantify defensive contributions using AI to track players in real-time [7]. 2. Shot difficulty metrics that analyze various factors to quantify the difficulty of each shot, enhancing tactical analysis [7]. 3. A revolutionary concept called "Gravity," which quantifies a player's off-ball influence on the game, visualizing tactical value [7]. - These metrics provide Amazon with a significant competitive edge, allowing it to create a new basketball language and control the narrative around the sport [7][12]. Group 3: Strategic Synergy with Prime Video - The collaboration aligns with Amazon's 11-year media rights agreement with the NBA, where Prime Video will serve as a strategic partner for live and on-demand services [9][11]. - The integration of AI-driven data and tactical analysis into Prime Video broadcasts will enhance viewer experience and differentiate it from competitors [11]. Group 4: Broader Ambitions in Sports - The partnership with the NBA is seen as a template for Amazon to replicate across various sports, establishing itself as a "sports industry operating system" [13]. - This strategy not only promises high-margin revenue but also positions Amazon as a rule-maker in the sports domain, deepening its ties with valuable sports IPs [13][12]. Group 5: Long-term Value and Market Perception - The collaboration is a pivotal move for Amazon's AI strategy, reinforcing its leadership in the cloud market while invigorating its content and e-commerce ecosystem [12]. - The market has yet to fully recognize the potential of an AI-driven sports empire emerging within Amazon's portfolio, which could significantly bolster its long-term valuation [12].

Core Viewpoint - The article discusses the strategic partnership between NVIDIA and OpenAI, highlighting NVIDIA's commitment to invest $100 billion in AI infrastructure, marking a significant milestone in the AI sector [4][12]. Group 1: Partnership Details - NVIDIA and OpenAI aim to build a massive AI data center with a power capacity of 10 gigawatts, requiring millions of GPUs [6][7]. - This project is described as the largest infrastructure project in AI history, with the first phase expected to be completed in the second half of 2026 [7][9]. - The Vera Rubin platform, developed by NVIDIA, will play a crucial role in this project, integrating advanced CPU and GPU technologies to enhance AI processing capabilities [8][9]. Group 2: Market Context - The $100 billion investment is part of a broader trend in the AI industry, with similar investment figures appearing multiple times in recent agreements among major players like OpenAI, Oracle, and Google [12][13]. - The article raises questions about the sustainability of such high valuations in the AI sector, suggesting that the current growth may be driven by high expenditures rather than solid revenue foundations [15][17]. Group 3: Financial Implications - OpenAI's annual recurring revenue (ARR) has reached $10 billion, nearly doubling from $5.5 billion the previous year, but its operational costs are also rising sharply, projected to reach $8 billion in 2025 [15][17]. - The competition for talent in the AI field has led to increased salaries for engineers, with average annual salaries now ranging from $800,000 to $1 million [16][17].

Core Insights - The article discusses the rapid advancements in artificial intelligence (AI) technology and its implications for investment opportunities in AI-related companies and market trends [3]. Group 1: AI Model Developments - The latest GLM-4.6 model by Zhiyuan has been launched, showing a 27% improvement in coding capabilities compared to its predecessor GLM-4.5, excelling in real programming tasks [5]. - DeepSeek introduced a "sparse attention" mechanism in its experimental AI model, DeepSeek-V3.1-Exp, aimed at enhancing training and inference efficiency in long contexts [5]. - Anthropic released its new AI model, Claude Sonnet 4.5, claiming it to be the "best coding model globally," with significant improvements in reliability and performance across various professional fields [6]. Group 2: Market Trends and Predictions - OpenAI has launched an "Instant Checkout" feature in ChatGPT, allowing users to purchase items directly through the platform, initially supporting single-item purchases [7]. - NVIDIA's CEO Jensen Huang sold 225,000 shares of NVIDIA stock for over $40 million, expressing confidence in AI's future, particularly in OpenAI's potential to become a trillion-dollar company [7][8]. - Huang predicts that OpenAI could achieve unprecedented growth, similar to other tech giants like Meta and Google, by offering both consumer and enterprise services [8]. Group 3: Copyright and Content Usage - OpenAI's Sora AI video generator will default to using copyrighted content, with an option for studios to opt-out, indicating a shift in content usage policies [12]. - The company has been in discussions with talent agencies and studios regarding the opt-out mechanism, ensuring that copyrighted characters do not appear in its AI tools [13].

来源 | 华尔街见闻 摩根大通发布最新展望，认为尽管标普500指数有望在年底前冲击7000点大关，但投资者在享受这轮潜在涨势前，需警惕一系列可能导致市场短 期回调的下行风险。 近日，摩根大通市场情报（Market Intel）团队在其报告中指出， 美股在下周可能经历温和的进一步下行，但此后将进入"决胜时 刻"（gametime），并有望在11月前加速升至7000点。 分析师Jonathan Schlegel指出，季节性疲软、股市反弹幅度过大、市场长期没有回调、散户情绪过热以及美联储宽松预期已被市场消化等因素的 担忧，都可能为市场带来短期下行压力。 不过，报告同时补充表示，从现在到年底，美股进一步上涨的可能性依然大于下跌。该团队维持其"战术性看涨"观点，并建议投资者抄底任何 在年底前出现的回调。 五 大 短 期 下 行 风 险 摩根大通团队详细列举了可能引发市场短期回调的五大关键风险，投资者需要密切关注： 1、季节性因素 历史数据显示， 截至8月底标普500指数年内涨幅介于5%-25%的年份，其在9月和10月的市场表现往往平淡。 这两个月录得正回报的概率仅约 为50%，其中9月平均回报率为0.6%，10月更是仅 ...

过去五年的财务数据以及今年的业绩指引如下表所示。 埃森哲 （NYSE:ACN） 是一家高度多元化的 IT 服务公司，注册地在都柏林，但实际管理中心在美国。业务涵盖以下领域：咨询与战略、技术 服务、运营服务、行业解决方案、客户服务。 | | Revenues Change from | | | --- | --- | --- | | | (in billions) | Prior Year | | Communications, Media & Technology | $2.95 | 7% | | Financial Services | $3.32 | 15% | | Health & Public Service | $3.56 | -1% | | Products | $5.38 | 9% | | Resources | $2.39 | 8% | | Total | $17.60 | 7% | | | | | | | | Guidance | | --- | --- | --- | --- | --- | --- | --- | | ($ in millions) | FYE 8/21 | FYE 8/ ...

自OpenAI推出ChatGPT以来，谷歌（NASDAQ：GOOG，NASDAQ：GOOGL）一直被誉为人工智能领域的领导者，但其股价并非始终体现出 这一事实。该公司的业绩开始展现出更多人工智能领域领导力的迹象。鉴于该股估值处于行业最低水平且人工智能前景强劲，分析师的投资理 念依然是极度看涨。 最新消息称， Meta计划利用 Gemini 来 提升广告精准投放 。Meta 首席执行官马克·扎克伯格在人工智能领域投入巨资，并斥巨资挖走了 OpenAI 和 苹果 的员工，但似乎仍未能在人工智能领域保持领先地位。此前有报道称，Meta 与谷歌云签署了一项价值 100 亿美元的重大云协 议。 此外，苹果似乎有意 利用 Gemini 来改进 Siri 的使用体验。此前，法官裁定谷歌可以继续担任苹果的搜索服务提供商，但不会是独家提供商。 此前，Gemini 应用 超越 ChatGPT，成为下载量最高的应用。Gemini 持续占据生成式人工智能流量份额， 目前市场份额为 10.8%， 而 6 个月 前仅为 4.9%。 所有迹象都表明，谷歌预计人工智能将在 2025 年底加速增长。该公司报告称，第二季度增长近 14%，营收大 ...