3月27日，港股三大指数集体上涨。截至收盘，恒生指数涨0.38%，报24951.88点，恒生科技指数涨0.35%，国企指数涨0.76%。 高盛表示，国际投资者对于中国股票的兴趣可能已攀升至近年高点，仅有约10%的受访客户认为中国股市"不可投资"，相比两年前的约40%已大为改观。 该机构维持对中国股票（A股和港股）的高配建议，并认为短期内来自A股的夏普比率更高。 海通国际执委会委员、首席经济学家张忆东认为，无论A股还是港股，年初以来的震荡属于"城门失火殃及池鱼"，但不改变中长期趋势，下半年均有希望 创年内新高。在配置优先级上，张忆东认为，在中东停火前以黄金、能源、资源为首选；停火后，安全资产里面，建议只保留黄金，其他的更多可以考虑 高科技、硬科技，以及先进制造业。 （文章来源：每日经济新闻） | | 小米集团－W | 33.000 | +1.726% 47.27亿 | | --- | --- | --- | --- | | | 01810 | | | | 2 | 腾讯 控股 | | 493.400 -0.444% 100.2亿 | | | 00700 | | | | 3 | 阿里巴巴－W | | 122.600 ...

来源丨 量子位（ID：QbitAI） 作者丨 梦晨 林俊旸 ，离职阿里千问后首次发声。 他没有回应离职风波或宣告去向，而是发长文探讨从"推理模型时代的思考"到"智能体时代的思考"的转变。 整篇文章谈的是技术和AI的未来方向，但字里行间对千问技术路线的反思藏不住。 他在文中坦白承认"我们没有全做对"（We did not get everything right）， 千问团队曾有一个雄心勃勃的构想：把thinking和instruct两种模式合并到一个模型里。 Qwen3就是这个方向上"最清晰的公开尝试之一"，它引入了混合思维模式。 但在今天的林俊旸仍不够满意，他觉得最终thinking变得啰嗦且犹豫不决，instruct变得不够干脆、不够可靠，还更贵了。 在他看来，真正成功的合并，不是把两种人格硬塞进一个checkpoint，而是让模型拥有一个连续的推理努力光谱。 面对未来，他还给出这样的判断：过去两年Reasoning Thinking时代的使命已经完成了。 OpenAI的o1和DeepSeek-R1证明了推理能力可以被训练和复现，这教会了整个行业一个关键认知： 要在语言模型上做强化学习，需要确定性强、可规 ...

Exclusive: Huawei's new AI chip find favour with ByteDance, Alibaba which plan to place orders, sources say | Reuters Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv People visit a Huawei booth during the World Artificial Intelligence Conference in Shanghai, China July 26, 2025. REUTERS/Go Nakamura/File Photo Purchase Licensing Rights, opens new tab March 27 (Reuters) - Customer testing of Huawei's new AI chip, designed to challenge Nvidia (NVDA.O), opens new t ...

Welcome back to Market on Close. I'm Sam Bardis on the floor of the New York Stock Exchange. Joining us now, I'm very pleased to say, is Rah Matani who's the head of marketing and commercial strategy US at Alibaba.com. Ra, so nice of you to join the program. So this week you guys came out with your new AI agent, Axio. It's been described as like the chat GPT of sourcing. Just give us a sense of what exactly this is. Yeah, it's quite close to how you described it, Sam. But we've taken it a step further and l ...

Alibaba's Chief People Officer, Jiang Fang, sold 16,848 shares, indicating potential internal concerns amidst the company's stock decline.Susquehanna analyst maintains a Positive rating on Alibaba with a price target of $170, suggesting a substantial upside despite recent performance.Alibaba's strategic shift towards AI and cloud technologies aims to generate over $100 billion in annual revenue, highlighting its long-term growth focus despite current challenges.Alibaba Group Holding Ltd (NYSE:BABA) is a maj ...

I started buying shares in Alibaba ( BABA ) back in 2023, when I thought that there was an asymmetric opportunity considering the great business that it was and a share price of around $70. AfterAs a detail-oriented investor with a strong foundation in finance and business writing, I focus on analyzing undervalued and disliked companies or industries that have strong fundamentals and good cash flows. I have a particular interest in sectors such as Oil&Gas and consumer goods. Basically, anything that has bee ...

Alibaba Price Target Slashed to $170 as Heavy AI Spending Drags Profits Down 67% - 24/7 Wall St. S&P 5006,576.40 -0.38% Dow Jones46,550.40 +0.16% Nasdaq 10024,034.40 -0.67% Russell 20002,532.09 -0.10% FTSE 10010,022.20 -0.93% Nikkei 22553,439.50 -0.79% Stock Market Live March 26, 2026: S&P 500 (SPY) Slips on Oil Again Investing Alibaba Price Target Slashed to $170 as Heavy AI Spending Drags Profits Down 67% By Joel SouthPublished Mar 26, 10:08AM EDT Quick Read Alibaba (BABA) reported Q3 FY2026 non-GAAP n ...

重视 AIDC&光纤光缆新变化 20260326 摘要 康宁 G.657.A2 光纤涨价达 60%，G.652.D 预期突破 300 元/芯公里， 光棒产能受环评与设备周期限制，高价将维持至 2026 年。 AIDC 需求因 Token 消耗量爆炸式增长而加速爆发，字节跳动日均 Token 消耗量已跻身全球前三，引发阿里、腾讯对算力资源的白热化争 夺。 腾讯、阿里由自建转向大规模租赁第三方 AIDC 资源，主因 AIGC 需求 增速远超自建能力（年增需求达 10GW），行业进入量价齐升周期。 传统 IDC 面临"无效过剩"，符合 AIDC 标准（单机房>30MW、单基 地>100MW、绿电>80%）的稀缺资源在 2026-2027 年将出现供需逆 转。 AIDC 估值锚点为 1GW 储备对应 500 亿市值，核心变量在于是否锁定 头部客户及是否布局"东数西算"核心节点。 首推光环新网，其作为"字节 Token 工厂"拥有 2GW 储备资源，深度 绑定火山引擎，且天津、呼和浩特项目均位于核心算力节点。 腾讯近期在 AIDC 领域的布局策略有何重大变化，这对整个第三方 AIDC 行业 可能产生什么深远影响？ Q& ...

更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 BABA also confirmed that its AliCloud revenue will likely accelerate further in coming quarters driven by strong demand. The EBITA margin of AliCloud will likely reach ~20% in the long run from the current 9%, according to management. On traditional e-commerce, BABA guided for its CMR to improve markedly in the March quarter (March Q) to over mid-single digit percent (MSD), which is in line with the latest Street consensus of 5.4% while surpassing our cautious estimate of 1% y-y ...

更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 March 24, 2026 10:44 AM GMT Alibaba Group Holding | Asia Pacific Launching XuanTie C950 AI Chip Key Takeaways What's new: Alibaba revealed its next-generation AI chip XuanTie C950 5- nanometer processor based on open-source RISC-V chip architecture. The chip performs more than 3x faster than its predecessor, and natively supports large models like Qwen3 and DeepSeek V3. Reiterate Top Pick: We believe this reinforced our constructive view that BABA owns the full AI stack - in-hou ...