US stocks turned sharply lower Thursday, as investors revived a rotation out of megacap tech stocks as they looked ahead Friday's inflation reading to guide rate-cut bets, already dampened by a strong January jobs report. The Dow Jones Industrial Average (^DJI) fell roughly 1%, or over 500 points, after the blue-chip benchmark snapped a three-day win streak on Wednesday. The S&P 500 (^GSPC) dropped 1.2%, and the tech-heavy Nasdaq Composite (^IXIC) fell nearly 2%. The mixed picture comes as investors scr ...

Market Overview - The U.S. stock market showed mixed results with the Dow Jones up by 0.46%, while the Nasdaq fell by 0.31% and the S&P 500 increased by 0.09% [1] - Major tech stocks experienced varied performance, with Nvidia rising by 0.7% and Amazon and Apple both declining by over 1% [3] Semiconductor Sector - Storage concept stocks continued to perform well, with Seagate Technology rising by 11%, Western Digital by over 8%, SanDisk by over 8%, and Micron Technology by over 3% [3] - Micron Technology announced that its new NAND flash wafer plant is on track to begin shipments in the second half of 2028, with HBM4 customer shipments expected to increase in the first quarter of 2028, one quarter ahead of schedule. The CFO indicated that market demand exceeds supply, and this tight supply situation is expected to persist until after 2026 [3] Retail Sector - Major U.S. retailers saw collective gains, with Walmart rising over 2% to reach a historical high, Macy's up nearly 4%, Kohl's up nearly 3%, and Ross Stores up over 2% [4] - McDonald's reported a 9.5% year-over-year revenue increase to $7 billion for the fourth quarter, with adjusted earnings per share of $3.12, exceeding expectations [4] Software Sector - Software stocks faced significant sell-offs, with Cisco's stock plummeting over 9%, marking its largest drop in 2023. Despite an increase in AI demand leading to an upward revision of annual guidance, the gross margin guidance for the current quarter fell short of expectations [4] - Other software stocks showed mixed results post-earnings, with Fastly surging over 60%, HubSpot up over 10%, and Applovin dropping over 14% [4][5] Chinese Stocks - Chinese stocks listed in the U.S. experienced a collective decline, with the Nasdaq Golden Dragon China Index falling by 1.4%. Tencent Music dropped nearly 6%, while other companies like Huya, Boss Zhipin, and Beike fell over 4% [6] Commodity Market - Precious metals saw a decline, with spot gold down by 0.37% at $5065 per ounce and spot silver down by 1.43% at $83 per ounce [8] - International oil prices also fell, with Brent crude futures down about 1% to $68.75 per barrel and WTI crude futures down about 1% to $63.99 per barrel [8] Cryptocurrency Market - The majority of cryptocurrencies saw an increase, with Bitcoin rising by 0.96%, remaining below $68,000. In the last 24 hours, 118,000 individuals experienced liquidations [10][11]

Market Overview - The U.S. stock market opened higher but then retreated, with the Nasdaq down 0.71%, the Dow Jones up 0.13%, and the S&P 500 also turning negative, with over 3,200 stocks declining [1] - Last week, initial jobless claims in the U.S. were reported at 227,000, higher than the forecast of 224,000 and the previous value of 231,000 [3] Technology Sector Performance - The performance of the "Magnificent Seven" tech stocks was mixed, with Nvidia and Google slightly up by 0.1%, while Tesla, Microsoft, Meta, Amazon, and Apple saw declines, with Apple nearing a 2% drop and its market cap falling below $4 trillion [3] - Semiconductor stocks experienced volatility, with SanDisk rising over 5% and Micron Technology up over 2% [3] Chinese Stocks - Chinese stocks listed in the U.S. faced widespread declines, with the Nasdaq Golden Dragon China Index dropping nearly 2%. Notable declines included Huya down over 7%, Tencent Music down over 6%, and Beike down over 4% [5] Trading Volume and Market Dynamics - The average daily trading volume in the U.S. stock market reached a record $1.03 trillion in January, a 50% increase compared to the same period in 2025, with over 19 billion shares traded daily, marking the second-highest in history [8] - The rise in trading volume is attributed to increased retail participation, the popularity of "zero-day-to-expiration" options, and a significant shift in investor focus from tech giants to underperforming sectors like energy and industrials [8] Hedge Fund Activity - Hedge funds have significantly increased their short positions in U.S. stocks, with the nominal short selling of individual stocks reaching the highest level since 2016. Short positions are now double the long positions [9] - Concerns over the disruptive impact of artificial intelligence on business models have led to a tumultuous week on Wall Street, with a total market value loss of $611 billion across 164 stocks in software, financial services, and asset management [9] Sector Rotation - The semiconductor and IT services sectors were among the few to see net buying last week, with semiconductor stocks rising, highlighting a divergence between chip stocks and software stocks [10] - Hedge funds are rotating into defensive sectors, with healthcare becoming the most favored sector for fund inflows, surpassing industrials [10]

Core Insights - Apple's long-planned upgrade for the Siri virtual assistant has encountered issues during recent testing, leading to potential delays in the release of several anticipated features [1] - The company is now considering rolling out these new features in future versions rather than the originally planned iOS 26.4 update in March [1] Group 1: Delays and Issues - The upgrade for Siri has faced its second significant delay since its announcement in June 2024, with the initial launch pushed from early 2025 to 2026 due to underperformance of Apple's self-developed AI model [1][2] - Internal testing revealed technical defects in the new Siri, particularly in response stability and accuracy, including issues with query handling and response times [2] - Key features likely to be delayed include expanded access to personal data and advanced voice application control systems, which are not meeting Apple's stability standards [2] Group 2: Privacy and Development Strategy - Apple's strict privacy stance may be contributing to the repeated delays, as the company emphasizes that personalized AI must not compromise user data [3] - The company is developing a new data center chip to enhance AI capabilities while ensuring data privacy, relying on authorized information and synthetic data rather than real user data [3] - Apple's AI team has experienced significant talent loss, with key members leaving for competitors like Meta and OpenAI [3] Group 3: Future Developments - Apple is advancing two undisclosed features, including a web search tool similar to Perplexity and a custom image generation function based on Image Playground, which are expected to progress as planned [4] - A major AI project, codenamed "Campo," is in development for iOS 27, aiming to transform Siri into a system-level assistant integrated with Google's advanced Gemini model [4] - Apple has entered a multi-year agreement with Google to utilize the Gemini AI technology, which will support future smart features, including a significant Siri upgrade expected later this year [4]

Core Insights - Apple has acquired the intellectual property and all rights to the show "Severance" from Fifth Season for just under $70 million, with Apple's in-house studio set to produce future seasons while Fifth Season remains as an executive producer [1][2] Group 1 - "Severance" will become one of Apple's marquee titles, joining other popular series like "Your Friends and Neighbors" and "Stick" [2] - Production costs for "Severance" had exceeded Fifth Season's budget, leading the studio to request advances from Apple and consider relocating production to Canada for better tax incentives [2] - The second season of "Severance" became Apple's most-watched series and received the highest number of nominations at the 2025 Emmy Awards, with expectations for the show to run for four seasons and potential spin-offs [3]

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Core Viewpoint - The U.S. Federal Trade Commission (FTC) has raised concerns regarding allegations that Apple is censoring conservative content on the Apple News app, prompting a call for a review of its content curation practices [1][4]. Group 1: FTC's Concerns - FTC Chair Andrew Ferguson cited reports from the Media Research Center, alleging that Apple excluded right-leaning outlets from the top 20 articles in the Apple News feed [1]. - Ferguson expressed that these reports question whether Apple News adheres to its terms of service and consumer expectations, condemning any ideological censorship [2]. - The FTC lacks the authority to mandate Apple's ideological stance in news curation but indicated that inconsistent practices could violate the FTC Act [3]. Group 2: Support from Other Officials - Brendan Carr, Chairman of the Federal Communications Commission, supported Ferguson's position, asserting that Apple should not suppress conservative viewpoints [4]. - Ferguson urged Apple to conduct a comprehensive review of its terms of service and take corrective actions if necessary [4]. Group 3: Political Context - The letter from the FTC followed President Donald Trump's sharing of the Media Research Center report on his platform, Truth Social, highlighting ongoing tensions between Big Tech and conservative viewpoints [5]. - Apple's relationship with the Trump administration has fluctuated, with Trump previously criticizing Apple for manufacturing in China, but relations improved after Cook's commitment to invest over $600 billion in the U.S. [7]. Group 4: Broader Investigations - The FTC previously launched an investigation into censorship by tech platforms, seeking public input from individuals who felt silenced due to their political beliefs [8].

Core Insights - Artificial intelligence (AI) has become a dominant theme in the stock market, with companies being rewarded for their ambitious AI plans and data leadership [1] - This earnings season, heavy capital expenditure (capex) plans have taken precedence over headline earnings results, raising concerns among investors [2] Group 1: AI Spending Trends - Amazon, Alphabet, Microsoft, and Meta are committing to a significant increase in AI-related spending, primarily focused on data centers, GPUs, and cloud infrastructure [2][3] - These four companies are expected to collectively spend over $650 billion on AI-focused capex this year, marking one of the largest single-year investment increases in the technology sector [3] - The shift towards heavy upfront spending for AI infrastructure is causing near-term pressure on margins and free cash flow (FCF), with some analysts predicting negative FCF for certain companies [4] Group 2: Company-Specific Insights - **Alphabet (GOOGL)**: Plans to spend $175-$185 billion on capex in 2026, nearly double the previous year, focusing on AI compute and cloud infrastructure. Concerns about financial strain are rising as long-term debt increased to $46.5 billion [5][6] - **Amazon (AMZN)**: Expected to invest about $200 billion in capex in 2026, a 53% increase from last year, primarily for AWS data centers and AI infrastructure. Analysts predict negative FCF for Amazon this year [7][8] - **Meta (META)**: Shifting focus from the metaverse to AI, with expected capex of $115-$135 billion in 2026. Analysts forecast a nearly 90% fall in FCF, raising concerns about the company's financial health [11][12] - **Microsoft (MSFT)**: Spent approximately $72 billion on capex in the first half of fiscal 2026, with an annualized run rate of over $140 billion. Analysts expect a 28% drop in FCF this year [12][13] - **Apple (AAPL)**: Distinct from peers, Apple plans to maintain a capex of around $13 billion, leveraging partnerships for AI features rather than heavy internal spending [14] - **Tesla (TSLA)**: Anticipates capex exceeding $20 billion this year, focusing on AI and autonomy amid cooling EV demand. Concerns arise regarding the execution risk and potential impact on near-term FCF [15][16] - **NVIDIA (NVDA)**: Positioned as a primary beneficiary of the AI spending cycle, benefiting immediately from the investments made by other companies in AI infrastructure [18] Group 3: Financial Implications - The AI buildout is historic in scale, reshaping the balance sheets and cash flow profiles of major tech companies, with many expected to see declining FCF and increased debt issuance [20] - The debate surrounding the timing, returns, and financial durability of these investments is ongoing, with execution becoming a critical factor for success in the next phase [20]

Big-Name Hedges Fund Bought This ETF Last Quarter. It's Crushing the SPY in 2026 - 24/7 Wall St.[S&P 5006,968.80 +0.26%][Dow Jones50,281.50 +0.28%][Nasdaq 10025,312.20 +0.37%][Russell 20002,692.15 +0.72%][FTSE 10010,471.40 -0.47%][Nikkei 22557,724.20 -0.83%][Stock Market Live February 12, 2026: S&P 500 (SPY) Could See Higher Highs][Investing]# Big-Name Hedges Fund Bought This ETF Last Quarter. It's Crushing the SPY in 2026### Quick ReadDavis Advisors with $22B under management bought iShares S&P 500 Value E ...

iPhone 17e预计将成为苹果2026年首款硬件产品。与前代相比，新机型将采用灵动岛设计取代刘海屏，并升级至A19 芯片，但保留C1 5G基带，蜂窝连接性能与iPhone 16e持平。由于设计变化有限，苹果可能通过新闻稿形式发布该产 品，而非举办专场活动。 据彭博最新报道，苹果零售员工证实iPhone 16e库存已基本耗尽，这一库存信号通常预示着新品发布在即。 苹果新一代入门级机型iPhone 17e即将面世。 库存清空释放发布信号 苹果零售渠道的库存动态历来是新品发布的重要风向标。 彭博资深巨头Mark Gurman在社交媒体上表示，苹果零售员工反馈iPhone 16e库存已基本枯竭，iPad Air同样面临供 货紧张。这一现象通常意味着苹果正在为新品上市腾出渠道空间，预计iPhone 17e和M4版iPad Air将在未来数周内 亮相。 升级幅度有限的产品策略 iPhone 17e的硬件升级集中在两个方面：屏幕从刘海设计改为灵动岛，处理器从上一代升级至A19芯片。但关键的5G 基带仍采用C1方案，这意味着用户在网络连接速度和稳定性上不会获得提升。 这种渐进式升级策略符合苹果对入门级产品线的定位。通过保 ...