Market Overview - Major U.S. indexes closed lower, with the Dow Jones Industrial Average down 1.34% to 49,451.98, the S&P 500 down 1.57% to 6,832.76, and the Nasdaq down 2.04% to 22,597.14 [1] Coinbase Global, Inc. - Coinbase stock closed down 7.90% at $141.09, with an intraday high of $153.20 and low of $139.36, within a 52-week range of $444.65 to $139.36 [2] Apple Inc. - Apple shares ended 5.00% lower at $261.73, trading between an intraday high of $275.72 and a low of $260.18, against a 52-week high of $288.61 and a low of $169.21 [2] - The decline contributed to a $500 billion loss across major tech companies due to concerns over memory shortages and shrinking margins at peers like Cisco, compounded by hardware cost pressures and AI-related disruptions [2] Applied Materials - Applied Materials declined 3.38% to $328.39, with an intraday range of $341.07 high and $325.56 low, sitting between a 52-week peak of $344.60 and a trough of $123.74 [3] - The stock rose 12.75% to $370.25 in after-hours trading after resolving a U.S. export probe with a $252 million settlement over past China shipments, allowing a focus on AI-driven chip tools and collaborations [3] Arista Networks, Inc. - Arista Networks fell 3.94% to $135.12, ranging from $138.50 high to $132.01 low intraday, within 52-week bounds of $164.94 and $59.43 [4] - The stock increased nearly 12.5% to $151.99 in extended trading [4] - For full-year 2025, Arista generated $9 billion in revenue and shipped a cumulative 150 million ports, with AI networking and campus expansion identified as key growth drivers [4] Rivian Automotive, Inc. - Rivian stock dropped 5.15% to $14.00, hitting an intraday high of $14.83 and low of $13.94, against a 52-week high of $22.69 and low of $10.36, but rose over 14% to $16.03 in after-hours trading [5] - Rivian reported fourth-quarter revenue of $1.29 billion, down from $1.73 billion a year earlier but slightly ahead of the $1.27 billion Street estimate [6] - Automotive revenue totaled $839 million, falling 45% year-over-year due to lower regulatory credit sales, fewer vehicle deliveries, and a lower average selling price, while software and services revenue surged 109% to $447 million [6] - The company posted a narrower-than-expected loss of 54 cents per share, beating estimates for a 68-cent loss, and generated $120 million in consolidated gross profit during the quarter [7] - Full-year revenue rose 8% to $5.39 billion, with CEO RJ Scaringe emphasizing 2025 as a year focused on execution and scaling the business [8]

【环球网财经综合报道】北京时间2月13日凌晨，美国三大股指全线收跌，道指跌1.34%报49451.98点，标普500指数跌 1.57%报6832.76点，纳指跌2.03%报22597.15点。热门股方面，思科跌超12%，迪士尼跌逾5%，领跌道指。万得美国科 技七巨头指数跌2.2%，苹果跌约5%，脸书跌近3%。 有分析人士指出，投资者开始担忧人工智能建设会侵蚀一些公司的未来盈利，并可能颠覆多个行业的商业模式并推高 失业率，引发风险资产全线走低。 申万宏源证券此前撰文指出，近期美股科技显著跑输，主要由于估值拖累较为显著。特别是美股软件股的大幅下跌是 拖累科技股近期走势的核心关键，背后是市场担忧非上市的大模型公司对软件生态的颠覆，从远期的替代终局对软件 股进行了估值重塑。硬件公司的估值同样面临下修，市场担忧全产业链的涨价逻辑如果证伪或导致上游涨价受阻。 尽管业绩超预期且AI贡献超预期，但市场对于互联网的激进"花钱计划"依然感到担忧，体现了当前在融资环境难以进 一步宽松的背景下，AI的收入贡献的增速预期比不上当前成本支出的增速预期，难有增量资金支撑互联网估值。而此 前受到成本压力以及AI落后担忧的苹果走出下跌趋势，成 ...

Core Viewpoint - The article highlights significant developments in the AI and technology sectors, including price adjustments by companies, substantial funding rounds, and new product launches that indicate a strong growth trajectory in the industry. Group 1: AI and Technology Developments - Zhiyu announced a structural price adjustment for its GLM Coding Plan, with an overall price increase starting from 30%, effective February 12, 2026, while maintaining prices for existing subscribers [2] - Anthropic completed a Series G funding round of $30 billion, achieving a post-money valuation of $380 billion, with annual revenue reaching $14 billion [2] - OpenAI launched its first AI model, GPT-5.3-Codex-Spark, running on Cerebras Systems chips to reduce dependency on Nvidia chips and lower operational costs [2] Group 2: Financial Performance and Investments - SoftBank Group reported a net profit of 248.59 billion JPY (approximately $1.6 billion) for Q3, significantly below market expectations, with a notable gain of $19.8 billion from its investment in OpenAI [3] - Xiechuang Data plans to procure servers worth up to 11 billion CNY to support its expansion in data centers and related businesses [3] Group 3: Company News in Greater China - MiniMax launched its flagship programming model MiniMax M2.5, designed for agent scenarios, competing with top international models [5] - Meitu announced a stock incentive plan for all employees to promote long-term growth [6] - Huahong Semiconductor achieved a record sales revenue of $659.9 million in Q4 2025, a year-on-year increase of 22.4% [7] Group 4: Company News in the Americas - Microsoft signed a memorandum of understanding with Saudi Aramco to advance industrial AI and digital talent transformation [9] - Meta announced a quarterly cash dividend and plans to invest over $10 billion in a large-scale AI data center in Indiana [9] - Amazon faced a tax investigation in Italy regarding potential tax evasion from 2019 to 2024 [10] Group 5: Company News in Asia-Pacific - Kioxia reported a net profit of 87.81 billion JPY for Q3, below market expectations, while projecting annual net sales between 2.18 trillion JPY and 2.27 trillion JPY [13] - Toyota is extending the acquisition period for a public offer to improve success rates and is collaborating with a Japanese oil giant to build a solid-state electrolyte factory [13] Group 6: Company News in Europe and Oceania - Mercedes-Benz adjusted its EBIT forecast for 2025 to €8.2 billion, a 40% decline year-on-year, with plans to launch over 15 new models in China by 2026 [16] - Nestlé is recalling specific batches of infant formula in China due to contamination concerns, with no confirmed cases of illness reported [18]

以下文章来源于远川科技评论 ，作者何律衡 远川科技评论 . 刻画这个时代（的前沿科技） 本文来自微信公众号： 远川科技评论 ，作者：何律衡， 题图来自 :视觉中国 去年下半年以来，存储芯片进入史诗级涨价潮，消费级内存条一度跳涨6倍以上，荣膺当下最保值的 理财产品。 人工智能基础设施需求爆发，三星、美光、SK海力士三大存储芯片厂的产能被迅速榨干。 SK海力士去年10月就表示，2026年DRAM、NAND Flash和HBM三大产品线产能被预订一空，三星 和美光的HBM产能也全部售罄。 AI芯片所用的HBM内存利润率更高，自然在产能分配中优先级更高，导致消费级产品供应再度遭遇 挤压，陆续向下游行业传导，存储芯片涨价的最大受害者也浮出水面：低端手机。 以性价比著称的传音，中低端机型占出货量大头，也最早被涨价殃及。去年三季度，传音增收不增 利，营收增长22.6%，净利润反倒大降11%，毛利率抹去两个百分点。 单季度的业绩受当季新机型上市影响较大，但即便按照全年业绩指引看，传音2025年度营收利润双 降，净利润直接腰斩，手机也从全球第四[3]掉进了others[4]。 | 排名 | 3Q25 | 市场份额 | 4Q25 ...

大家早上好！这里是今天的早报，每天早上，我都会在这里跟你聊聊昨夜今晨发生了哪些大事儿。 昨夜今晨 【深夜跳水！纳指跌超2%，白银跌超10%】 美股三大指数集体收跌，道指跌1.34%，纳指跌2.03%，标普500指数跌1.57%，大型科技股普跌，苹果跌5%， 博通跌超3%，亚马逊、Meta、特斯拉跌超2%。中概股普遍下跌，纳斯达克中国金龙指数跌2.97%，腾讯音乐 跌超10%，贝壳跌近6%，哔哩哔哩跌近5%。 国际贵金属价格大幅下挫，现货黄金一度跌破4900美元关口，截至发稿时，现货黄金跌3.27%，报4917.09美 元/盎司；COMEX黄金期货跌3.19%，报4936美元/盎司。现货白银跌10.84%，报75.07美元/盎司；COMEX白银 期货跌10.93%，报74.75美元/盎司。 【谷歌Gemini 3深度思考模型重大升级】 美东时间12日周四，谷歌官宣Gemini 3 Deep Think升级，称升级后的模型在多项行业基准测试中取得突破性成 绩，包括在"人类的最后考试"Humanity's Last Exam（HLE）基准测试、ARC-AGI-2测试中获得84.6%的成绩， 经ARC Prize基金 ...

Market Overview - The S&P 500 and Dow Jones Industrial Average fell more than 1% as investors reacted to jobs data and awaited the January inflation report [1][15] - The Dow dropped 669.42 points (1.34%) to 49,451.98, the S&P 500 decreased by 108.71 points (1.57%) to 6,832.76, and the Nasdaq Composite lost 469.32 points (2.03%) to 22,597.15 [6][15] Technology Sector - Cisco Systems reported a less-than-impressive quarterly update, leading to a 12.3% drop in its shares, the largest one-day selloff since May 2022, which negatively impacted the broader technology sector [2][8] - The S&P 500 software index fell 1.7%, marking its second consecutive loss, with AppLovin experiencing a significant decline of 19.7% after its fourth-quarter results [9][15] - Concerns about AI disruption affected transportation companies, with the Dow Jones Transport Average sinking 4% [10][15] AI Investment and Competition - Investors are focused on which sectors can enhance productivity through AI investments while also worrying about industries that may face disruption [3][5] - Major tech companies, including Amazon, Google, Meta, and Microsoft, are expected to spend around $650 billion in the competition for AI dominance [9][15] Employment and Economic Indicators - A stronger-than-expected jobs report raised concerns that the Federal Reserve may be less likely to cut interest rates [7][15] - The number of Americans filing new unemployment claims decreased less than anticipated, indicating lingering disruptions from winter storms [7][15] Market Dynamics - Declining issues outnumbered advancers on both the NYSE and Nasdaq, with a ratio of 2.17-to-1 on the NYSE and 2.74-to-1 on the Nasdaq [12][15] - The Philadelphia SE Semiconductor index finished down 2.5%, while Equinix shares rose 10.4% due to strong AI-linked demand forecasts [11][15]

来源：智通财经 美东时间周四，投资者对人工智能（AI）颠覆性的担忧持续发酵，三大指数均跌超1%，纳指以2%的跌 幅领跌。 截至收盘，道琼斯指数跌1.34%，报49，451.98点；标普500指数跌1.57%，报6，832.76点；纳斯达克指 数跌2.03%，报22，597.15点。 今年以来，随着一些AI工具的推出，部分板块遭受冲击，包括软件公司、出版商、金融服务企业等。 投资者担心，这些AI工具可能复制它们的业务模式，或至少侵蚀其利润率。 在AI可能颠覆财富管理业务的担忧下，摩根士丹利等金融股承压；卡车运输和物流公司如C.H． Robinson股价暴跌14%，因市场担心AI将优化货运运营，从而压缩部分收入来源。 AI颠覆担忧甚至蔓延至房地产行业。市场认为更高的失业率将打击办公空间需求，CBRE和SL Green Realty等股票因此走低。 Freedom Capital Markets首席市场策略师Jay Woods表示："AI曾是推动这些股票飙升、估值达到极端水 平（虽未极端到离谱）的唯一动力，如今却成了压制它们表现的因素。" Yardeni Research总裁Ed Yardeni表示："投资者对AI ...

点击图片▲立即购买 美国1月非农就业数据大超预期 2月12日，美国劳工统计局周三发布报告称，1月，新增非农就业人数13万，创2025年下半年以来最大增幅；市场此前预计1月新增非农就业人数 在5万—7.5万，本次数据大超预期。与此同时，失业率环比下降0.1个百分点至4.3%。 本次报告同时将2025年全年就业增长规模由最初报告的58.4万大幅下调至18.1万，基准修正幅度显著，表明去年劳动力市场的实际疲软程度远超 此前认知。值得注意的是，过去26份非农报告中，有25份遭遇最终下修。交易员削减对6月降息的押注，目前预计首次降息时点将推迟至7月。 （界面新闻） ｜点评｜ 数据上显示，美国1月就业市场有所回暖，不过，非农数据此前屡屡大幅下修，数据的可信度存疑。医疗行业的就业增长是支撑美国就 业的强劲动力，美国政府此前一度对部分国家的药品进口征收额外的关税，为了获得关税豁免，部分美国医药企业扩大了在美国本土的业务。 除此之外，美国制造业逐渐回流本土，制造业用工需求开始回暖，共同支撑1月美国非农数据表现超预期。 2025年美国市场的就业状况，比此前月度数据反映出的疲软趋势更加明显，即便如此，美国经济还是保持了不错的增速。 ...

4.马斯克评豆包Seedance 2.0：发展速度太快 5.噩耗！28岁员工年会上喝酒，次日身亡！家属：当晚喝得不省人事，公司发声 6.小米YU7一月份成中国销量最好的车！雷军：没有任何定义，含金量很高 7.起动机存在缺陷！宝马宣布召回全球多款车型：车辆行驶中可能出现起火 8.岚图汽车香港上市已取得港交所原则性批准，东风私有化的先决条件已全部达成 今日头条 HEADLINE NEWS 太豪横！影石公司年会送出5套房，员工称获奖房者都是90后、无高管，CEO回应：物质激 励也很重要 要闻提示 NEWS REMIND 1.太豪横！影石公司年会送出5套房，员工称获奖房者都是90后、无高管，CEO回应：物质激励也很重要 2.DeepSeek更新后被指变冷淡！网友自发号召给官方提意见：赶快调回来，不然用不下去 3.荣耀前CEO赵明官宣加入千里科技 2月12日消息，日前，科技企业影石Insta360举办了2026年度年会，现场照片显示的5套大湾区商品房、 多辆汽车等奖品引发关注。据悉，今年获奖者均为"90后"，平均年龄不到32岁，其中一名入职不到两年 的年轻员工穿着COS服上台领奖，并激动地表示："说实话挺惊喜的，奖没有 ...

每经编辑｜金冥羽 大型科技股普跌，苹果跌超5%，博通跌超3%，亚马逊、Meta、特斯拉跌超2%。 | 英伟达(NVIDIA) US NVDA | 186.900 | -1.66% | | --- | --- | --- | | 11 = 19 | 199.560 | -2.21% | | US AMZN | | | | 谷歌 US GOOGL | 309.000 | -0.63% | | 微软 US MSFT | 401.940 | -0.60% | | 脸书(META | 650.050 | -2.79% | | US META | | | | 苹果(APPLE) | 261.680 | -5.02% | | US AAPL | | | | 特斯拉(TESLA) | 416.960 | -2.64% | | US TSLA | | | 思科股价暴跌超12%，原因是这家生产交换机、路由器等网络硬件的公司对本季度给出令人失望的业绩指引。 明星股AI广告技术公司Applovin股价暴跌近20%，消息面上，公司发布四季度业绩并给出展望；关键指标虽高于市场一致预期，但可能不足以消除近期关 于AI相关冲击的担忧。值得一 ...