本报驻韩国特约记者 黎枳银 本报记者 肖震冬 韩国股市此前两日上演"过山车"式震荡，先遭遇大幅下挫，一度触发"熔断"，后又强劲反弹，市场在恐 慌性抛售与低价买盘快速回流之间反复拉扯。多方分析称，在全球人工智能（AI）投资预期出现波动 之际，这凸显以AI企业大规模支出为核心的上涨结构在高估值环境下"走钢丝"的现实。 "波动性主导首尔股市" 彭博社报道称，2日韩国综合股价指数（KOSPI）单日下跌5.3%，为去年4月以来最大跌幅，股指期货下 行一度触发程序化交易暂停。此前长期领涨市场的芯片权重股集体承压，三星电子与SK海力士当日盘 中跌幅均超过6%。韩元同步走弱，市场避险情绪瞬间升温，国内外资金在现货市场纷纷转为净卖出。 但仅仅一个交易日后，韩国股市便快速反弹。据韩国《韩民族日报》3日报道，KOSPI时隔一天重返 5000点，在前一交易日跌幅超过5%后，早盘上涨逾3%，盘中一度触发买入侧程序化交易限制。"KOSPI 经历过山车行情，波动性主导首尔股市"，《韩国先驱报》3日以此为题报道。对于反弹动因，韩国 Kiwoom证券分析师韩智英指出，在美国市场情绪暂时企稳的背景下，前一日暴跌所引发的低价买盘迅 速回流，推动指 ...

四地分会场主持人为：黑龙江哈尔滨分会场杨帆、姜多；浙江义乌分会场郭若天、贺传；安徽合肥分会场朱迅、白羽；四川宜宾分会场张 韬、王楚涵。 来源： 央视新闻微信公众号 关注" 新华网财经 "视频号 更多财经资讯等你来看 往期推荐 腾讯"元宝分10亿"活动2月1日0点正式开启，用户最高可领万元现金红 包，官方攻略发布 亚马逊官宣裁撤1.6万个职位 今天（4日），中央广播电视总台《2026年春节联欢晚会》发布主持人阵容。任鲁豫、撒贝宁、尼格买提、龙洋、马凡舒、刘心悦将共同 担任2026年总台春晚北京主会场主持人。 ...

UBS analysts have increased their price target for Amazon.com Inc (NASDAQ:AMZN) shares from $310 to $311, maintaining a 'Buy' rating ahead of the Q4 2025 earnings report.Amazon's AWS revenue is expected to double by 2028, with plans to double its capacity by 2027 to meet the rising demand for cloud and AI services.The Q4 2025 earnings release is anticipated to show net sales between $206 billion and $213 billion, reflecting a growth of 10% to 13% year-over-year.On January 29, 2026, David Taylor made a purch ...

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Group 1 - Tencent's "Yuanbao" app has adjusted its sharing mechanism to "password red envelopes" after WeChat blocked the sharing links for Yuanbao red envelopes [1] - The "Yuanbao shares 1 billion" campaign officially launched on February 1, allowing users to receive cash red envelopes up to 10,000 yuan [5] Group 2 - Amazon announced the layoff of 16,000 positions [7]

on 03-Feb-2026 U.S. Internet Amazon.Com Inc Rating Outperform 3 February 2026 Price Target AMZN 300.00 USD Deeksha Pandey +1 917 344 8447 deeksha.pandey@bernsteinsg.com Amazon: What place is AWS in for AI now? [Part II] Months in Internet are measured in hamster years. AWS sentiment was decidedly negative when we published Part I - under-allocated GPUs, no frontier model, who uses Trainium, and no splashy partners. A strong 3Q beat-and-raise + an OpenAI deal changed sentiment for a minute, but the stock has ...

Summary of the Conference Call on AI Annual Report Analysis Industry Overview - The conference focused on the analysis and outlook of AI annual reports, particularly in the TMT (Technology, Media, and Telecommunications) sector, with a specific emphasis on domestic and international AI companies [1][2][4]. Key Points and Arguments General Market Sentiment - The period from October 31 to March is characterized as a performance vacuum, where the focus is on thematic investments rather than immediate earnings results [2][3]. - The spring market is expected to see a resurgence, with significant activity anticipated around March [3][4]. North American Companies - North American companies, particularly those involved in AI and cloud computing, have reported earnings that exceeded expectations, indicating strong capital expenditure in AI [4][6]. - Companies like Microsoft and Meta have shown robust spending on AI infrastructure, reflecting a positive outlook for the sector [4][6]. - Despite some domestic companies underperforming, their stock prices have rebounded, suggesting that market sentiment is more focused on thematic trends rather than immediate earnings [5][6]. Domestic AI Companies - Domestic AI companies are experiencing a supply-demand imbalance, with strong demand for AI-related products and services, despite some companies reporting earnings below expectations [6][7]. - The industry is characterized by a shortage of materials and components, which is driving prices up and creating a favorable environment for growth [6][7][10]. Future Growth Projections - There is a consensus that the growth trajectory for AI companies will continue to be strong, with expectations for significant growth in 2026 and beyond [8][9]. - Many companies are currently undervalued, trading at price-to-earnings (P/E) ratios between 15x to 20x, which presents a potential investment opportunity [8][9]. Specific Company Insights - Companies like Wan, Tianfu Communication, and others are highlighted for their potential despite recent earnings misses, as the overall industry outlook remains positive [4][6][7]. - The demand for GPUs and AI chips is expected to remain high, with domestic companies like Cambrian facing challenges but still showing potential for recovery [9][10]. Application and Innovation - The conference emphasized the importance of AI applications, particularly in gaming and media, with companies like Tencent and ByteDance leading the charge [14][15]. - The emergence of AI-driven applications is seen as a significant growth area, with expectations for increased investment and innovation in this space [14][15]. Regulatory and Market Concerns - There are concerns regarding potential regulatory impacts on the gaming industry, but these are largely viewed as unfounded and not likely to affect the overall market significantly [15][16]. - The market is currently experiencing volatility, but analysts suggest that this presents buying opportunities for fundamentally strong companies [21][22]. Additional Important Insights - The conference highlighted the importance of monitoring capital expenditure trends among major tech companies, as this will influence the demand for AI infrastructure and services [36][37]. - The potential for new technologies, such as diamond-based cooling materials for semiconductors, was discussed as a future growth area [24][25]. - Analysts recommend focusing on companies with strong fundamentals and growth potential, particularly in the AI and semiconductor sectors, as the market continues to evolve [22][23][39].

Software Industry - The software sector is experiencing significant declines, with many companies down 9-10% in a single day, and year-to-date performance showing Teladoc down 27% and HubSpot down nearly 40% [1][2] - Cisco and Zoom are among the few companies in the software sector showing positive performance [2] - The divergence between software and semiconductor stocks is notable, with semiconductor ETFs performing positively, while software ETFs are down 20% [3][4] Semiconductor Industry - The semiconductor sector presents a contrasting narrative, with smaller companies compensating for declines in major players like Nvidia and Broadcom [2] - SanDisk has seen an increase of nearly 200%, and Western Digital is up 70% year-to-date [2] Investment Trends - Value stocks are outperforming growth stocks, with value up 5% year-to-date while growth is down 3% [6][7] - The current market environment is seeing a shift where institutional investors are rotating out of previously successful stocks into new opportunities, particularly in AI-centric companies [30][32] AI and Technology - The integration of AI is driving significant changes in the technology landscape, with companies like Palantir capitalizing on the demand for AI solutions [56][60] - The AI sector is expected to generate substantial revenue growth, with companies like Snowflake and DataDog positioned to benefit from the ongoing transformation [65][66] IPO Market - There is a growing anticipation for IPOs, particularly from companies like SpaceX and OpenAI, with expectations that SpaceX will go public first [22][23] - The current sentiment around M&A and IPOs is at a six-year high, indicating a favorable environment for new public offerings [42] Market Dynamics - The market is currently characterized by a high level of volatility, but there is a growing confidence among companies to go public despite this uncertainty [40][41] - The balance sheets of companies are under increased scrutiny as they navigate significant capital expenditures while managing revenue growth [78]

Nvidia Corp. is nearing a deal to invest $20 billion in OpenAI as part of its latest funding round, according to people familiar with the matter, marking the chipmaker's single biggest investment in the ChatGPT developer. Nvidia's contribution is close to being completed, according to the people, who spoke on condition of anonymity because the information is not public. The deal is not final and the terms could change. OpenAI declined to comment. Nvidia declined to comment. OpenAI is looking to raise up to ...

Investment Rating - The report indicates a positive investment outlook for the technology sector, particularly in AI and cloud computing, with significant capital expenditures from major players like Meta, Microsoft, and Alibaba [6][31]. Core Insights - Major tech companies are increasing capital expenditures to enhance AI capabilities, with Meta's projected spending reaching between $115 billion and $135 billion for the year [5][31]. - AI demand remains strong, with companies like OpenAI and Anthropic accelerating their growth and preparing for IPOs, indicating a robust market for AI applications [4][11]. - The report highlights a shift in pricing strategies among cloud service providers, with Google Cloud and Amazon AWS raising prices for data transmission and machine learning services, marking a departure from the long-standing trend of price reductions [20][21]. Industry Frontiers - OpenAI has raised over $100 billion in funding, with a valuation of $830 billion, and is preparing for an IPO in Q4 2026 [4][11]. - Anthropic has revised its revenue projections, expecting a threefold increase in sales this year, potentially reaching $18 billion, and over $55 billion next year [11][12]. - ByteDance is set to release a new AI model in mid-February, aiming to capture a larger share of the AI market in China [12][27]. Capital Trends - Google Cloud announced a price increase for global data transmission services effective May 2026, with Amazon AWS also raising prices for its machine learning services by approximately 15% [5][20]. - Meta has secured a $6 billion long-term supply agreement with Corning for fiber optic cables, emphasizing the importance of infrastructure in AI development [21]. - Alibaba is considering increasing its investment in AI infrastructure and cloud computing from 380 billion to 480 billion yuan over the next three years [25][26]. Weekly Perspectives - The report notes that AI investments are yielding positive results for companies like Meta, with improved user engagement and advertising performance [31][32]. - The demand for AI infrastructure is expected to surge, driven by the increasing need for advanced computing capabilities [32]. - The report anticipates a significant growth in the number of ASIC chips required for AI applications, projecting a boom in demand from 2026 to 2027 [32]. Industry Chain Data Updates - In December, China's smartphone market saw a significant decline in sales, with Huawei maintaining the largest market share [34]. - The PC market experienced a mixed performance, with desktop sales increasing while laptop sales declined [35].