周四盘后交易中，闪迪(Sandisk)股价飙升超过15%，此前这家存储解决方案提供商公布的第二财季业绩远超分析师 预期，且其第三季度指引令华尔街震惊。 来源：华尔街见闻 内存业者闪迪周四盘后公布财报显示，该公司在2026财年第二财季录得利润和营收的大幅增长，表现不仅大 幅超出华尔街预期，也显著高于公司此前给出的指引，刺激该公司股价盘后一度涨近15%。分析称，随着人 工智能应用不断扩大，对数据存储的需求持续上升，推动了公司业绩的强劲增长。 ...

随着邮轮度假需求持续加速增长，皇家加勒比邮轮(RCL.US)公布了好于预期的2026年业绩指引。财报 显示，皇家加勒比邮轮2025年第四季度营收同比增长13.2%至42.6亿美元，符合市场预期，该公司营 收已连续多季度保持增长。净利润同比增长36.3%至7.54亿美元;调整后的每股收益为2.80美元，同样 符合市场预期。皇家加勒比邮轮周四美股涨超18%。 皇家加勒比邮轮表示，所谓的"邮轮预订黄金季(waveseason)"(指第一季度邮轮促销高峰期) 已"迎来一个非常强劲的开局"。该公司表示，自"邮轮预订黄金季"开始以来，其经历了公司历史 上订舱量最高的七个星期。目前，约三分之二的2026年邮轮运力已被预订，而且预订价格创下 历史新高。该公司首席财务官纳夫塔利·霍尔茨表示："我们对整个业务组合所展现出的强劲表现 感到非常满意，消费者仍在持续优先选择我们的度假体验。" 皇家加勒比邮轮还宣布与位于法国圣纳泽尔的一家船厂达成协议，建造其"探索级"(Discovery Class)邮轮。协议包括两艘邮轮的建造订单，并附带再建造四艘邮轮的选择权，首艘邮轮预计将 于2029年下水。此外，该公司旗下的名人邮轮(Celebr ...

苹果公司(Apple)(NASDAQ: AAPL )周四轻松超越了2026财年第一季度的利润和收入预期，这家科技巨头实现了四年多来最佳的季度iPhone 销售业绩。 财报显示，iPhone 17系列的销售比华尔街预期更火爆，帮助苹果创造了最高收入纪录。 美东时间29日周四，苹果交出创造历史的成绩单：在截至12月27日的公司第一财季（"四季度"），营收同比增长16%，iPhone销售收入同比 增23%，分别较分析师预期高将近4%和9%，均超过公司的增幅指引10%-12%；EPS盈利也创纪录，较分析师预期高逾6%，服务业务收入 三年来持续创单季新高。 在全球头号智能手机市场中国，苹果的销售大反弹。大中华区的收入由三季度同比下滑转为劲增将近40%，较分析师预期收入高将近20%。 苹果CEO库克称， 四季度公司取得了"非凡的创纪录季度业绩"，当季营收远超公司自身预期，"在空前强劲的需求推动下，iPhone取得了有史以来最好的季度业绩，在 所有地区市场都创历史新高；服务业务也实现了创纪录的营收，比去年同期增长14%"。 库克还提到，苹果的活跃设备安装量已超过25亿台，"充分证明了客户对我们提供的全球最佳产品和服务的极高 ...

据彭博社报道，SpaceX正在考虑与特斯拉进行潜在的合并，同时也在评估另一种方案——与人工智能公司xAI进 行整合。同日稍早，据路透社报道，SpaceX与xAI正在就合并事宜展开讨论，以赶在计划于今年晚些时候进行的 一次重磅IPO之前完成整合。 马斯克正在权衡如何整合其商业帝国。 当地时间周四， 据彭博社报道，SpaceX正在考虑与特斯拉进行潜在的合并，同时也在评估另一种方案——与 人工智能公司xAI进行整合。 同日稍早， 据路透社报道，SpaceX与xAI正在就合并事宜展开讨论，以赶在计划 于今年晚些时候进行的一次重磅IPO之前完成整合。 对于SpaceX与xAI的可能合并，路透社称，若合并达成，马斯克的火箭业务、Starlink卫星网络、社交媒体平台 X以及Grok AI聊天机器人将被纳入同一家公司体系之下。这一计划将为SpaceX推动将数据中心送入太空的战略 注入新的动力。随着马斯克在迅速升温的AI竞赛中与谷歌、Meta和OpenAI等科技巨头争夺主导地位，该举措意 义重大。 马斯克是全球首富，同时担任SpaceX和人工智能公司xAI的首席执行官，而xAI还控制着他的社交媒体平台X。 此外，他还执掌电动 ...

西部数据公司(Western Digital Corporation)(NASDAQ: WDC )第二季度利润和收入均超华尔 街预期，并预测第三季度业绩将强于预期，这得益于云客户扩大数据中心容量以支持人工智能工 作负载的需求。西部数据股价在盘后交易中上涨约2%。 这家数据存储制造商报告第二季度每股收益为2.13美元，超过分析师预期的1.91美元。收入增 至31亿美元，高于29.2亿美元的一致预期。 西部数据预测第三季度每股收益为2.15至2.45美元，而分析师预期为1.99美元。公司预计收入 为31亿至33亿美元，同样高于29.8亿美元的一致预期。 西部数据公司(Western Digital Corporation)(NASDAQ: WDC )第二季度利润和收入均超华尔街预期，并 预测第三季度业绩将强于预期，这得益于云客户扩大数据中心容量以支持人工智能工作负载的需求。西 部数据股价在盘后交易中上涨约2%。 西部数据股价在过去一年中上涨了约六倍，这得益于云客户在人工智能投资激增期间寻求扩大数 据中心建设的需求。包括微软和Meta在内的大型科技公司表示，他们计划今年继续大力投资数 这些业绩出现之际，西部数据受益 ...

Core Viewpoint - The Federal Reserve has paused interest rate changes after three consecutive rate cuts of 25 basis points, indicating a cautious approach to future monetary policy adjustments [3][7]. Group 1: Federal Reserve Decision - The recent interest rate decision saw two dissenting votes, one from Waller, marking a decrease in opposition compared to the previous meeting [4][10]. - The Federal Reserve maintained the federal funds rate target range at 3.50% to 3.75%, marking the first pause in action since July 2025 [7][10]. - The market had anticipated this pause, with over 97% probability of no rate cut expected in the current week [7]. Group 2: Economic Assessment - The Federal Reserve's statement indicated steady economic expansion and signs of stabilization in the unemployment rate, removing previous language about increased employment risks [5][14]. - The assessment of economic conditions has improved compared to the last meeting, with a shift from "moderate expansion" to "steady expansion" [13][14]. - Inflation remains slightly elevated, but the statement no longer mentions an increase in inflation rates since the beginning of the year [15]. Group 3: Future Outlook - The Federal Reserve did not provide a clear timeline for potential future actions, suggesting a period of observation following the recent controversial rate cuts [9]. - Market predictions indicate a slight increase in the likelihood of Waller being nominated as the next Federal Reserve Chair, now at approximately 13% [6][11].

Core Viewpoint - The core focus of SanDisk's financial report is not on past performance but on whether the company's guidance for future quarters can surprise the market again, driven by strong demand from AI and tight supply in the NAND flash memory market [1][3]. Industry Upward Cycle - The current upward cycle in the NAND storage industry is driven by structural changes on both the demand and supply sides, with AI applications significantly increasing data storage demand and limited supply growth leading to a persistent supply-demand gap [5]. - SanDisk is identified as a key beneficiary of the AI-driven data explosion, with expectations that if actual performance and future guidance continue to exceed consensus, it could drive substantial stock price increases [5][6]. Q2 Earnings Forecast - Bernstein predicts that SanDisk's non-GAAP earnings per share (EPS) for Q2 2026 will reach $3.79, surpassing the market expectation of $3.45, primarily due to a projected 14% quarter-over-quarter increase in average selling price (ASP) [7]. - The continuous rise in ASP is seen as a critical variable for driving the company's profitability growth, providing solid fundamental support for Q2 performance [7]. Q3 Guidance Potential - SanDisk's guidance for Q3 2026 is expected to have significant upward potential, with Bernstein forecasting a non-GAAP EPS of $6.52, based on a 22% quarter-over-quarter increase in ASP, which is well above the market expectation of $4.62 [8]. - If ASP increases by 40%, the EPS could potentially rise to $9.06, indicating substantial earnings elasticity under tight supply conditions [8]. Industry Performance Correlation - SanDisk's market performance will largely correlate with the overall sentiment in the semiconductor storage industry, with key signals expected from Samsung Electronics regarding the stability of NAND flash price increases and strong end-user demand [9].

Meta公布财报显示，受AI强化的广告业务推动，公司第四季度营收及2026年第一季度营收指引均显著超出市场预期，同时给出的全年资本支出指引也大 幅高于分析师预测。Meta预计2026年资本支出最高达1,350亿美元，接近去年的两倍。强劲业绩与激进投入计划获得投资者认可，推动Meta股价盘后一 度大涨逾9%。 Meta周三盘后公布财报显示，强劲的广告业务推动该公司去年第四季度营收和今年第一季度营收指引均超出分析师预期。同时，该公司公布的全年资 本支出预期区间也高于分析师预期，刺激该公司股价盘后一度涨逾9%。 以下是Meta财报要点： 第四季度主要财务数据： 营收： 第四季度营收为598.93亿美元，高于分析师预期584.2亿美元；2024全年为483.85亿美元，同比增长24% 成本与费用： 351.48亿美元，2024年为250.20亿美元，同比增长40% 经营利润： 247.45亿美元，2024年为233.65亿美元，同比增长6% 经营利润率： 41%，2024年为48% 净利润： 227.68亿美元，2024年为208.38亿美元，同比增长9% 稀释后每股收益（EPS）： 8.88美元，2024年为8.0 ...

Monetary Policy - Interest rate hikes are not a fundamental assumption for the next steps [2][11] - The current policy stance is at the high end of the neutral rate range, and it is difficult to indicate that the policy is significantly restrictive [11][28] Inflation - Inflation risks have somewhat dissipated, with core PCE inflation expected to reach 3% by December 2025 [2] - The overall PCE price index increased by 2.9% over the past 12 months, while the core PCE index rose by 4.3% [10] - The high inflation levels are largely attributed to tariff impacts, which are expected to peak and then decline by mid-2026 [3][31] Employment - Employment risks are stabilizing, with the unemployment rate showing signs of stabilization at around 4.4% [10][11] - Job growth has been low, averaging only about 22,000 new jobs per month recently, reflecting a slowdown in labor supply growth [10][19] Tariffs - The majority of the tariff impacts have been transmitted to the economy, with expectations that tariff-induced inflation will dissipate by mid-2026 [3][31] - If the peak impact of tariffs is observed, it may signal a potential easing of monetary policy [3][31] AI and Technology - Short-term impacts of AI may lead to job losses, but the long-term effects remain uncertain [14][61] - The deployment of AI is being closely monitored for its potential effects on the labor market and overall economy [62] Federal Reserve Independence - The independence of the Federal Reserve is emphasized as crucial for effective monetary policy, and there is a strong commitment to maintaining this independence [52][51] - The legal case involving Federal Reserve Governor Lisa Cook is considered potentially one of the most significant in the Fed's history [10][52] Economic Growth - The U.S. economy is expected to have a solid foundation entering 2026, with consumer spending showing resilience and business investment continuing to grow [8][57] - Recent government shutdowns may have temporarily affected economic activity, but these impacts are expected to reverse as the government resumes operations [9]

Core Viewpoint - Microsoft reported a significant increase in capital expenditures and a slowdown in cloud business sales growth, raising investor concerns about the time required for its substantial investments in artificial intelligence to yield results, leading to a post-earnings stock price drop of approximately 5% [1][3]. Financial Highlights - Revenue for Q2 reached $81.27 billion, a year-over-year increase of 17%, exceeding analyst expectations of $80.31 billion [5]. - Operating income was $38.3 billion, reflecting a 21% year-over-year growth [6]. - Net income, according to GAAP, was $38.5 billion, up 60% year-over-year; on a non-GAAP basis, net income was $30.9 billion, a 23% increase [6]. - Diluted earnings per share (EPS) under GAAP was $5.16, a 60% increase year-over-year, surpassing analyst expectations of $3.92; on a non-GAAP basis, diluted EPS was $4.14, a 24% increase [7]. Capital Expenditures and Cloud Business - Capital expenditures for Q2 reached a record high of $37.5 billion, a 66% increase year-over-year, exceeding analyst expectations of $36.2 billion [7]. - Cloud business revenue was $51.5 billion, a 26% year-over-year increase; on a constant currency basis, it grew by 24% [8]. - The commercial remaining performance obligations grew by 110% year-over-year, reaching $625 billion [7]. Business Segment Performance - Productivity and Business Processes segment revenue was $34.1 billion, a 16% year-over-year increase [8]. - Intelligent Cloud segment revenue was $32.9 billion, a 29% year-over-year increase, exceeding analyst expectations [8]. - More Personal Computing segment revenue was $14.3 billion, a 3% year-over-year decline [9]. AI and Future Outlook - Microsoft CEO Satya Nadella stated that the company is in the early stages of AI proliferation, with AI business now larger than some of its traditional businesses [9]. - Microsoft’s cloud business surpassed $50 billion in revenue, reflecting strong market demand for its service portfolio [9]. - The company anticipates that customer commitments, which are expected to convert into actual sales, have more than doubled compared to the same period last year, largely due to a new $250 billion agreement with OpenAI [12].