Core Viewpoint - The US stock market experienced significant volatility, with the S&P 500 and Nasdaq indices reaching all-time highs during the day but ultimately closing lower, reflecting mixed investor sentiment amid strong earnings reports from major companies [1][7]. Company Performance - Microsoft emerged as a market leader, with its market capitalization briefly surpassing $4 trillion, making it the second company globally to reach this milestone after Nvidia. This strong performance was driven by an impressive quarterly earnings report, particularly from its AI cloud business, with Azure revenue growing 39%, exceeding analyst expectations of 35% [1]. - Apple also reported better-than-expected earnings, with third-quarter revenue increasing by 9.6%, driven by a 13% rise in iPhone revenue, bolstered by strong performance in the Chinese market. The company anticipates continued revenue growth despite facing cost pressures from increased tariffs [3]. Market Trends - The Nasdaq Golden Dragon Index, which tracks Chinese stocks, showed a slight increase, with notable gains from companies like Alibaba, NIO, Bilibili, and Baidu, indicating investor confidence in the long-term value of Chinese stocks [4]. - The IPO market saw a significant event with Figma's debut on the NYSE, where its stock price surged by 157% on the first day and closed with a 250% increase, reflecting strong demand for new tech companies. Figma's monthly active users exceed 13 million, including many non-professional designers, and it has major clients like Google and Microsoft [4][6].

Core Viewpoint - Opera has filed a complaint with Brazil's antitrust agency CADE, accusing Microsoft of anti-competitive practices in promoting its Edge browser, which has negatively impacted Opera's market position as the third most popular PC browser in Brazil [1][3]. Group 1: Allegations Against Microsoft - Opera claims that Microsoft has employed various "manipulative design strategies" to persuade Windows users to adopt Edge, effectively blocking competition by pre-installing Edge and creating barriers for users to download other browsers [3][8]. - Specific tactics include forcing Edge to open links from Microsoft applications like Outlook and Teams, regardless of user settings for default browsers, and promoting Edge prominently in Bing search results while downplaying Chrome's download link [8][10]. Group 2: Impact on Opera - The competitive landscape has shifted since Microsoft transitioned Edge to the Chromium engine, diminishing Opera's performance advantage, which previously allowed it to attract a loyal user base due to its speed and unique features [6][12]. - Microsoft's strategies have limited Opera's visibility and accessibility, making it increasingly difficult for the browser to reach potential users, thereby exacerbating its challenges in a market dominated by larger players like Chrome and Edge [12][14].

亚马逊(AMZN.US)盘前跌超7.7%，报216美元。消息面上，亚马逊第二季度净销售额同比增长13%至 1677亿美元，高于分析师预期的1621.46亿美元；每股收益1.68美元，高于分析师预期的1.32美元及去年 同期的1.26美元。 此外，亚马逊预计第三季度净销售额将在1740亿至1795亿美元之间，高于分析师预期的1732.4亿美元； 预计营业利润将在155亿至205亿美元之间，区间中值则不及分析师预期的194.2亿美元。(格隆汇) 期内，AWS云业务收入维持约17%增速，达到309亿美元，仅略高于分析师平均预期的308亿美元。对比 之下，微软的Azure在截至6月的三个月内销售额增长39%，谷歌云增长32%。同时，AWS的利润率为 32.9%，较今年第一季度的39.5%和去年同期的35.5%有所收缩，创下自2023年第四季度以来的最低水 平。 ...

智通财经APP获悉，周四，微软(MSFT.US)公布了超预期的第四季度财报及业绩指引，这份完美答卷不 仅获得市场认可，还得到了华尔街分析师的一致赞誉。 财报公布后，这家科技巨头的股价在周四盘中一度大涨约7%，最终收涨近4%。截至周四收盘，该公司 股价年内累计涨逾27%。 Wedbush将微软目标股价从600美元上调至625美元，并维持"跑赢大盘"评级，以反映其"令人瞩目的云 服务与人工智能(AI)业务增长势头"。 以Daniel Ives为首的分析师团队指出："本季度业绩令微软多头欢欣鼓舞，Azure云服务增速显著回升， AI革命势头持续强劲，越来越多的企业正在加码这一战略领域，各项指标均远超市场预期。"分析师预 计，到2026财年，AI业务有望为公司带来约250亿美元的增量收入。历史数据显示，过去几年企业在微 软Azure云服务上每投入100美元，未来几年就会追加50美元用于AI服务。 以Kash Rangan为首的分析师团队指出："我们愈发确信AI驱动的增长将持续助力微软在各业务领域扩大 市场份额。本季度业绩印证了我们的观点——AI技术正渗透至全产品栈，微软在GPU计算领域的领先 地位产生的涟漪效应，正推 ...

当微软市值突破4万亿美元里程碑之际，BCA Research分析师却逆市警告：微软公司近期看似势不可挡的股价飙升， 可能正因其"过于完美"而隐藏着风险。 加拿大投资研究公司BCA Research在其最新报告中通过一种专有的分析方法指出，这种近乎直线的上涨模式暗示了市 场内在的脆弱性，并可能预示着一次即将到来的趋势反转或盘整。分析师Dhaval Joshi明确建议，投资者在对股市做 出重大投入前，应当"在8月份离场观望"。 报告的核心论点是，微软股价的上涨趋势已变得异常平滑，其分形维度降至1.098，一个极低的水平。这一技术指标 表明，市场参与者的行为趋于单一，从而削弱了市场的稳定性和流动性。 BCA Research认为，当趋势维度极度接近1，即一条完美的直线时，趋势反转的可能性会显著增加。基于历史数据， 报告估计未来几周内微软股价出现反转或进入盘整期的概率约为60%。 "过于完美"的上涨：当趋势维度趋近于1 BCA Research的核心担忧在于，微软近期的涨势"过于完美"。报告解释称，股价永远不应该以完美的直线形态上涨。 为了量化这一现象，该机构引入了数学家Benoit Mandelbrot的分形维度概 ...

本文源自：金融界 金融界2025年8月1日消息，国家知识产权局信息显示，微软技术许可有限责任公司取得一项名为"丰富 的令牌拒绝系统"的专利，授权公告号CN114846467B，申请日期为2020年10月。 作者：情报员 ...

该行再次将现财年Azure增长预测上调2个百分点，随着更多产能上线，现财年Azure按年增长超40%的 乐观情景看起来更加合理。微软在生成式人工智能领域的领导地位，结合对其收入和利润加速增长看 法，使该股继续成为该行首选的超大市值股票，目标价上调至680美元，为预测市盈率43倍，评级"买 入"。 花旗发表报告指，微软第四财季表现全面超预期，进一步凸显Azure增长加速，验证微软在市场份额提 升和人工智能变现化方面的领导地位。在750亿美元年化收入基础上，Azure增长加速4个百分点令人难 以置信，但更令人印象深刻的是其驱动因素(来自广泛大型客户需求，而非仅仅是产能时机)，表明进入 现财年后实力更为持久，尤其是商业订单增长加速，以及初步的现季度指引显示积极的修正。 ...

作者：情报员 金融界2025年8月1日消息，国家知识产权局信息显示，微软技术许可有限责任公司取得一项名为"用于 配对的用户计算设备的统一接口"的专利，授权公告号CN114616812B，申请日期为2020年10月。 本文源自：金融界 ...

作者：情报员 金融界2025年8月1日消息，国家知识产权局信息显示，微软技术许可有限责任公司取得一项名为"智能 电子邮件标题行建议和重制"的专利，授权公告号CN114631094B，申请日期为2020年10月。 本文源自：金融界 ...

Core Points - The article highlights the increasing cyber attacks by U.S. intelligence agencies targeting China's military and defense industry, particularly focusing on high-tech military universities, research institutions, and enterprises [1][3] - It details two significant incidents where U.S. intelligence utilized vulnerabilities in Microsoft Exchange and electronic file systems to infiltrate and control Chinese military enterprises, leading to data theft [2][3] Group 1: Cyber Attack Incidents - From July 2022 to July 2023, U.S. intelligence exploited a zero-day vulnerability in Microsoft Exchange to attack a major military enterprise, controlling its domain server and over 50 internal devices, while establishing covert channels for data theft [2] - The attackers used IP addresses from Germany, Finland, South Korea, and Singapore to launch over 40 attacks, stealing emails from 11 individuals, including high-level executives, related to military product designs and core parameters [2] - From July to November 2024, another attack targeted a military enterprise in the communication and satellite internet sector, utilizing unauthorized access and SQL injection vulnerabilities to implant backdoor programs and control over 300 devices [2] Group 2: Strategic Intent and Threat Assessment - The attacks reflect a strong strategic intent from state-level hacker organizations, with a focus on sensitive defense and military information [3] - In 2024, there were over 600 reported cyber attack incidents against important Chinese units, with the defense and military sector being the primary target [3] - U.S. intelligence-backed hacker organizations possess advanced capabilities and systematic attack frameworks, posing a significant threat to China's network security [3]