整理 | 傅宇琪、褚杏娟 传月之暗面考虑赴港上市，估值 3 个月涨 4 倍飙至 1200 亿；消息称腾讯挖来多位字节 Seed 骨干， 向姚顺雨汇报；谷歌 TurboQuant 大反转：核心技术早有先例，学术不端实锤？；与 OpenAI 赛跑， Anthropic 被曝最快 10 月 IPO 上市；马斯克旗下 AI 公司初创"11 罗汉"全部离职，SpaceX IPO 散户 和粉丝先上桌；苹果 App Store 被海量"垃圾 AI 应用"冲击，导致审核周期延长；美团客服回应安卓用 户图片被删；OpenAI 关停 Sora，精简产品线为 IPO 铺路…… 行业热点 传月之暗面考虑赴港上市，估值 3 个月涨 4 倍飙至 1200 亿 3 月 26 日消息，据报道，AI 大模型公司月之暗面正考虑在香港 IPO 的早期阶段，已与中金公司、 高盛展开接触。不过，目前的讨论仍在进行中，最终会否落实上市，以及具体的时间表及集资规模仍 属未知。月之暗面及高盛代表拒绝置评，中金则未有回应。而在前几天，外媒还爆料月之暗面正在洽 谈筹集高达 10 亿美元（约合人民币 69 亿元）的资金，这或许会使其估值被推高至 180 亿美元（ ...

Apple Inc. (NASDAQ:AAPL) had a busy week, making headlines with a series of significant developments. Here’s a quick roundup of the key stories that emerged over the week.Apple Drops Six-Figure Bonuses To Retain iPhone TalentApple Inc. has taken a drastic step to retain its top talent. The company is reportedly discontinuing six-figure bonuses to prevent its engineers from leaving for competitors like OpenAI. This move comes as a response to the aggressive recruitment of Apple engineers by OpenAI and other ...

产品应用于华为、苹果等终端，广东中山冲出一家复合材料IPO，上市前分红上亿 原创 阅读全文 格隆汇新股 ...

Core Viewpoint - Apple Inc. continues to show strong financial performance with a significant increase in quarterly earnings and revenue, alongside active institutional trading and analyst upgrades. Financial Performance - Apple reported a quarterly EPS of $2.84, exceeding analysts' expectations of $2.67 by $0.17 [2] - The company achieved a revenue of $143.76 billion for the quarter, surpassing the expected $138.25 billion, marking a year-over-year revenue increase of 15.7% [2] - The return on equity was reported at 159.94%, with a net margin of 27.04% [2] Dividend Information - Apple announced a quarterly dividend of $0.26, which translates to an annualized dividend of $1.04 and a dividend yield of 0.4% [3] - The payout ratio for the dividend is 13.15% [3] Institutional Trading - Vanguard Group Inc. increased its stake in Apple by 1.9%, owning approximately 1.43 billion shares valued at $387.75 billion after acquiring an additional 26.86 million shares [4] - State Street Corp raised its holdings by 1.1%, now owning about 604 million shares worth $164.22 billion [4] - Hedge funds and institutional investors collectively own 67.73% of Apple's stock [7] Analyst Ratings - Morgan Stanley maintained an "overweight" rating with a target price of $315.00 [8] - CLSA raised its price target from $265.00 to $330.00, giving an "outperform" rating [8] - The consensus target price for Apple is currently $297.58, with an average rating of "Moderate Buy" [8]

苹果公司宣布计划6月8-12日举办年度全球开发者大会，届时该公司将展示一系列至关重要的人工智能 功能。 快手CEO立下可灵年收入翻倍"军令状" 3月25日，OpenAI宣布舍弃视频生成模型Sora的当日，快手（1024.HK）发布2025年第四季度及全年业 绩，披露旗下视频生成模型可灵AI四季度营收已达3.4亿元。快手CEO程一笑表示，截至今年1月，可灵 AI ARR已超过3亿美元，团队有信心在今年实现可灵收入超过100%的同比增长。 【点评】可灵 AI 商业化数据初步显示快手在 AI 视频生成赛道商业化的成绩，但挑战仍旧严峻：算力 成本高企、盈利未明；字节即梦 AI 等强敌环伺、技术同质化加剧；快手传统业务承压、AI 高投入或拖 累利润；内容合规、付费持续性存隐忧。因此，虽然快手可灵虽然短期领跑，但长期需平衡增长、成本 与竞争等多方面问题。 美团2025年由盈转亏 3月26日，美团发布2025年第四季度及全年业绩。公告显示，美团全年收入为3649亿元人民币，同比增 长8%。财报中最大的变化是净利润。美团表示，受即时零售行业"内卷式"竞争影响，2025年业绩由盈 转亏，全年净亏损234亿元，2024年则实现了 ...

根据洛图科技的数据，2026年开年1-2月，中国大陆笔记本电脑线上市场（不含抖音、快手）表现非常疲软，出现了罕见的双重暴跌： 销量暴跌：统计期内销量仅为 94.7万台，同比跌幅高达 40.5%。 销售额重挫：销售额为 59.9亿元，降幅同样超过 40%。 品牌格局方面，联想系以约35%的份额稳居榜首，惠普约14%位列第二，华硕系约12%紧随其后，机械革命和苹果分别以约8%、7%的份额占据第四、第五位。 一般情况下，消费电子销量每年上下波动10%-20%是正常的，比如去年买得多、今年买得少一点，或者反过来。但一旦跌幅超过40%，这就不是普通波动了，通常 意味着两种可能： 要么是去年基数太高，比如2025年国家有补贴、大家疯狂换新，把未来的需求提前透支了，导致2026年自然"断崖式"下滑；要么是市场本身出了问题，比如成本暴 涨 （内存、硬盘变贵等） 、产品没吸引力、消费者没钱或不愿换机，导致真实需求萎缩。 而这次笔记本市场销量暴跌40.5%，可谓是两者叠加，即存储芯片涨价与需求透支的双重冲击。 存储芯片价格暴涨是直接导火索。 据TrendForce集邦咨询估算，当存储芯片和CPU价格同时上涨时，两者在BOM中的合 ...

作者： 老鬼的逻辑 来源：雪球 幂次分布 ， 再次推演了 复利投资的最优解=重仓长周期确定性的高赔率 。 置顶帖也证明过 ： 高赔率是投资回报的第一驱动力 。 前帖也有结论 ： 投资回报幂律分布 。 到这里 ， 脑子快的人会闪出一个推论 ： 高赔率也是幂律分布 ！ 抱歉 ！ ！ 逻辑不通 ！ ！ ↑点击上面图片 加雪球核心交流群 ↑ 风险提示：本文所提到的观点仅代表个人的意见，所涉及标的不作推荐，据此买卖，风险自负。 「 投资回报幂律分布 」 x 「 高赔率是投资回报的第一驱动力 」 ， 并不能推导高赔率一定是幂律分布 ， 当然 ， 也不能证伪高赔率不是幂律分布 。 逻辑漏洞在于 ， 复利公式本身就是一个递归函数 ， 回报收益可以成为再投资本金 ， 自带幂律加速 ， 就像你坐在一辆加速行驶的火车中 ， 即使 你在匀速步行 ， 甚至是静止不动 ， 你都是加速的 。 所以 ， 一个容易被忽视的重要命题 ： 高赔率分布 ， 是否也是幂律分布 ？ 这个问题重要 ， 不只是因为高赔率是第一驱动力 ， 而是 ： 只有确定了高赔率的分布性 ， 才能推演一个更重要的命题 ： 捕获高赔率的最优解又是什么 ？ 在这个命题上 ， ...

Core Insights - The quote from Steve Jobs emphasizes that true excellence is driven by enthusiasm, which leads to better outcomes and fosters creativity and risk-taking [4][6][7] Company Background - Steve Jobs was a cofounder of Apple Inc. and a pivotal figure in modern technology, known for his visionary approach and relentless pursuit of perfection [7] - Jobs played a significant role in the evolution of personal computing, smartphones, and digital media, launching transformative products like the Macintosh, iPhone, and iPad [7] Innovation and Impact - Jobs' leadership at Apple not only revived the company during challenging times but also established new benchmarks for design, user experience, and branding within the tech industry [6][7] - His legacy continues to influence how companies approach creativity and innovation, even after his passing [6][7] Passion and Commitment - A genuine love for work is crucial for achieving success and fulfillment, as it leads to deeper satisfaction and improved results [5][6] - When enthusiasm is combined with commitment, it enhances the quality of effort and outcomes, driving innovation and meaningful breakthroughs [5][6]

Group 1 - Elon Musk reportedly invited Mark Zuckerberg to consider bidding for OpenAI's intellectual property before making an acquisition offer last February [2] - Apple has hired former Google Shopping VP Lilian Rincon to lead AI product marketing, preparing for a major overhaul of Siri [2] - Google is nearing an agreement to provide financing support for AI company Anthropic's data center [2] Group 2 - The Shanghai Artificial Intelligence Laboratory launched the SafeClaw intelligent agent platform, focusing on "endogenous security and industry-level intelligence" [2]

Core Insights - Apple, with a market cap of $3.7 billion, is currently the second most-valuable company globally, but other companies like Amazon and Meta Platforms are positioned to potentially surpass it in value over the next decade [1]. Group 1: Amazon's Position and Growth Potential - Amazon is not currently viewed as an AI leader, but this perception may shift in the coming years as it capitalizes on the growing demand for enterprise computing through its AWS division [3]. - The company is leveraging AI technology not only in AWS but also in its advertising business, which has grown to nearly $60 billion in annual sales, enhancing both growth and profitability in its retail operations [4]. - With a current market cap of $2.27 trillion, Amazon has significant growth potential and could feasibly outpace Apple in the next ten years [5]. Group 2: Meta Platforms' Growth and AI Integration - Meta Platforms has quickly adapted to generative AI, shifting focus from the metaverse to AI applications, resulting in a revenue increase of 16% and a 73% rise in EPS in 2023 [6]. - Despite a current market cap of $1.4 trillion, Meta has the potential to surpass Apple's market cap if it can successfully monetize AI beyond online advertising, including AI-enhanced wearables [7].