本文源自：金融界AI电报 港股科网股回暖，美团(03690.HK)涨超3%，阿里巴巴(09988.HK)涨1.5%，百度(09888.HK)、小米集团 (01810.HK)涨超1%。 ...

在人工智能飞速发展的今天，理论知识已不足以应对复杂多变的现实挑战，只有掌握AI的实战能力， 才能打造面向未来的核心竞争力。 12月6日-7日，由百度文心大模型与新京报贝壳财经联合主办的"文心导师培训营——'金融+AI数据'专 场"在北京举办。 三十余位来自银行、证券、保险、基金及学术机构的资深从业者与研究学者，以"AI数据驱动金融智 能"为主线，开展了一场系统性、强实战性的学习研讨，为金融行业与AI融合的实战提供了清晰的方法 论和实践路线。 决策式AI与生成式AI协作 助力金融业智能化转型 同时，学员们还了解了提示词万能公式，通过吃透"大模型理解提示词核心机制"这一根本原理，让学员 们在工作中能更好地将大模型从"随机游走"引导至"精准生成"模式。 实战是本次培训营的亮点环节，四大工作坊分别对应复杂金融业务体系的拆解与重构能力、提示词优化 迭代与场景适配能力、领域知识数据构建与方法论总结能力、模型效果的系统评估与调优能力等关键能 力的提升。 来自不同机构的学员围绕风控、投研、合规等真实场景展开方案共创，产出了多组具备业务价值的高质 量数据与评估框架。理论与实践的交织，让学员们真正解锁AI这一"生产力"的密钥。 ...

道指跌0.08%，标普500指数跌0.03%，纳指跌0.24%。华纳兄弟探索涨0.77%，百度跌逾3%，阿里巴巴 跌逾2%。 (本文来自第一财经) ...

前十大沽空偏离值排行 | 股票名称 | 沽空金额 | 沽空比率 | 偏离值↓ | | --- | --- | --- | --- | | 华润啤酒-R(80291) | 37.36 万元 | 100.00% | 39.83% | | 建发物业(02156) | 117.92 万元 | 50.08% | 37.09% | | 友邦保险-R(81299) | 16.95 万元 | 100.00% | 35.65% | | 粤海投资(00270) | 6751.79 万元 | 44.09% | 35.26% | | 大家乐集团(00341) | 415.62 万元 | 56.56% | 31.38% | | 比亚迪股份-R(81211) | 27.61 万元 | 86.09% | 30.18% | | 长江基建集团(01038) | 7695.64 万元 | 44.62% | 27.94% | | 京东集团-SWR(89618) | 9.96 万元 | 90.48% | 27.32% | | 中国移动-R(80941) | 418.72 万元 | 74.83% | 26.15% | | 珍酒李渡(06979) | ...

大型蓝筹股涨跌不一，汇丰控股收报110.181港元，较香港收市涨0.62%；腾讯控股收报601.643港元，较香港收市跌0.14%。 | 序号 名称 | 港股代码 | 最新价 | 涨跌额 | 涨跌幅 | ADR代码 | ADR换算价 | 较港股升跌 | 较港股升跌% ADR; | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 腾讯控股 | 9 00700 | 602.500 | -2.500 | -0.41% | TCEHY | 601.643 | -0.857 | -0.14% | 7 | | 2 阿里巴巴-W | 09988 | 150.900 | -2.500 | -1.63% | BABA | 151.714 | +0.814 | 0.54% | ਹ ਦ | | 汇丰控股 | 00005 | 109.500 | +0.400 | 0.37% | HSBC | 110.181 | +0.681 | 0.62% | 7 | | 建设银行 | 00939 | 7.610 | -0.050 | -0.65% | CICHY ...

Core Investment Thesis - Baidu (BIDU) presents an attractive investment opportunity in China's technology sector, trading at a forward price-to-earnings ratio of 20.37x, significantly lower than the Zacks Internet-Services industry's 29.57x and the Zacks Computer and Technology sector's 29.03x [1][2] Apollo Go Expansion - Baidu's Apollo Go has achieved early commercial viability, providing 3.1 million fully driverless rides in Q3 2025, a 212% increase year-over-year, with cumulative rides exceeding 17 million by November 2025 [5] - The platform's expansion into Switzerland and Abu Dhabi, along with broader testing in Hong Kong, indicates growing regulatory confidence in its technology [5] - Apollo Go operates in 22 cities with 100% fully driverless service in major Chinese markets, maintaining a competitive edge despite rising competition from Tesla and Alibaba-backed AutoX [5] AI Infrastructure and Long-Term Growth - Baidu's AI infrastructure strategy, centered around the ERNIE 5.0 model, is a key driver for long-term growth as enterprises transition to AI-native workflows [6] - The AI Cloud Infrastructure generated RMB 4.2 billion in Q3 2025, reflecting a 33% year-over-year increase, despite competition from Alibaba Cloud and Tencent [6] Advertising Business Challenges - Baidu's online marketing revenues fell 18% year-over-year in Q3 2025 to RMB 15.3 billion, impacted by a weak advertising market and competition from e-commerce and social media platforms [8] - The core advertising segment, historically a major revenue source, faces pressure from macroeconomic uncertainties and shifts in advertiser preferences [8] Share Price and Earnings Trends - Baidu shares increased by 45.8% over the past year, underperforming the Zacks industry's 67.7% growth and trailing Alibaba and Tencent's gains [9] - The Zacks Consensus Estimate for Q4 earnings per share is $1.50, indicating a 42.97% year-over-year decline, while the 2025 earnings estimate is $7.16 per share, reflecting a 32% annual decline [12] Conclusion - Baidu's investments in AI, cloud services, and autonomous driving position it well within China's technology transformation, but ongoing advertising weakness and uncertain AI monetization timelines limit near-term profitability [13] - The stock's valuation discount compared to industry peers suggests a cautious investor sentiment, with existing shareholders advised to hold and new investors potentially waiting for a clearer entry point [13]

记者丨刘雪莹 编辑丨曾静娇 北京时间12月9日晚，美股指数涨跌不一，截至23:00左右，道指、标普500指数小幅上涨，纳指下跌。 | 道琼斯 | 纳斯达克 | 标普500 | | --- | --- | --- | | 47888.34 | 23512.79 | 6855.81 | | +149.02 +0.31% -33.11 -0.14% +9.30 +0.14% | | | | 中国金龙 | 纳指100期货 | 标普500期货 | | 7707.38 = | 25616.50 | 6857.25 | | -130.37 -1.66% -47.50 -0.19% +1.50 +0.02% | | | 科技股多数下跌， 闪迪跌约4.5%，迈威尔科技跌近3%。美股科技七巨头涨跌不一，脸书跌1.5%领跌。 | 名称 | 现价 | 涨跌幅 ▲ | | --- | --- | --- | | ASTERA LABS | 165.650 | -5.74% | | NAVITAS SEMICONI | 9.100 | -5.21% | | CREDO TECHNOLO | 170.780 | -4.56% | | 闪迪 ...

据《每日经济新闻》记者观察，从全球供应链调整到国内算力需求剧增，再到大模型商业化加速，AI 芯片正站在科技产业的战略风口。 12月8日，围绕百度此时选择评估分拆上市计划的原因及未来的商业化路径，记者向百度方面发去采访 提纲，但截至发稿尚未获对方回复。 IPO进程步入关键阶段 当下，市场对AI(人工智能)底层算力标的的追逐持续升温，百度集团-SW(HK09888，股价121.400港 元，市值3339.000亿港元)一纸公告再次搅动资本市场的神经。 12月7日晚间，百度集团SW(以下简称百度)发布公告称，公司正在评估旗下非全资附属公司昆仑芯(北 京)科技有限公司(以下简称昆仑芯)的拟议分拆及独立上市计划。倘进行拟议分拆及上市，将须经相关监 管审批程序，而公司并不保证拟议分拆及上市将会进行。 据此前市场消息，百度计划最早于2026年一季度向港交所递交昆仑芯的上市申请，目标是在2027年初完 成IPO(首次公开募股)。 在12月7日发布的公告中，百度表示，正在评估旗下非全资附属公司昆仑芯的拟议分拆及独立上市计 划。 记者注意到，当前昆仑芯在百度AI全栈技术体系中处于底层位置，为飞桨深度学习框架、文心大模型 及搜索等 ...

U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.1% on Tuesday.Shares of Toll Brothers Inc (NYSE:TOL) fell sharply in pre-market trading after the company reported mixed financial results for the fourth quarter of fiscal 2025.Toll Brothers posted fourth-quarter revenue of $3.42 billion, beating the consensus estimate of $3.30 billion, according to Benzinga Pro. The luxury homebuilder reported fourth-quarter earnings of $4.58 per share, missing analyst estimates of $4.89 per ...

Group 1 - Baidu, Bilibili, and Xpeng Motors saw pre-market declines of over 3% [1] - Alibaba and Li Auto experienced declines of over 2% [1] - Pony.ai, JD.com, and Pinduoduo dropped by more than 1%, while NIO fell nearly 1% [1]