These trillion-dollar stocks may be setting up for their next move. ...

证券研究报告 | 2026年01月25日 2026年01月24日 美股市场速览 弱于大市 整体市场平静，能源变数较大 价格走势：整体小幅回撤，小盘价值占优 本周，标普 500 跌 0.4%，纳斯达克跌 0.1%。 风格：小盘价值（罗素 2000 价值+0.2%）＞大盘价值（罗素 1000 价值-0.2%） ＞大盘成长（罗素 1000 成长-0.5%）＞小盘成长（罗素 2000 成长-0.8%）。 12 个行业上涨，12 个行业下跌。上涨的主要有：家庭与个人用品（+3.5%）、 能源（+3.1%）、材料（+2.7%）、汽车与汽车零部件（+2.2%）、制药生物 科技和生命科学（+1.8%）；下跌的主要有：银行（-2.8%）、综合金融（-2.7%）、 房地产（-2.3%）、技术硬件与设备（-2.0%）、公用事业（-1.9%）。 资金流向：整体流动与行业内流向均较缓 本周，标普 500 成分股估算资金流（涨跌额 x 成交量）为+5.6（亿美元， 下同），上周为-1.7，近 4 周为+104.1，近 13 周为+40.5。 11 个行业资金流入，13 个行业资金流出。资金流入的主要有：汽车与汽车 零部件（+9.2）、半 ...

Group 1 - The ongoing AI trend positions Alphabet and Meta as key players, with both companies having distinct advantages for investors [1] - Analysts project revenue growth for Alphabet and Meta at 14.4% and 21.3% year-over-year in 2025, respectively, with Alphabet's Q3 operating margin at 31% and Meta's at 40% [2] - Both companies benefit from billions of users, strong network effects, and significant investments in AI-related capital expenditures to enhance user experience and advertising services [3] Group 2 - Despite outperforming the S&P 500 over the past five years, Alphabet and Meta currently have attractive valuations, with Alphabet's forward P/E ratio at 29.5 and Meta's at 20.8 [4] - Investors are encouraged to consider the compelling valuations of both stocks, noting that Meta is currently cheaper [6]

以下文章来源于定焦One ，作者定焦One团队 定焦One . 深度影响创新。 来源丨定焦One（ ID： dingjiaoone） 作者丨金玙璠 编辑丨阮梅 图源丨Midjourney 最近科技圈的两场"AI秀"先后刷屏。 在大 洋彼岸， 当地时间1月12日， 苹果和谷歌宣布合作，要给Siri 用 上谷歌的Gemini。 但苹果的 做法， 不是直接 让Gemini操作手机上的App，而是用户说什么，Siri 先 理解意图，然后去调用 相 应的 应用。换句话说， AI只是个"调度员"。这套操作，很苹果。 另一边，国内的情况就热闹得多。字节跳动的豆包AI手机一度刷屏，AI可以帮你打车、购物、订票， 就像一个真正的"万能助理"。这套打法，很互联网。 你看，同样是AI手机， 实现的方式 完全不同。这背后，其实是两条 技术 路线 ： 一条 路线 ，是让AI和App学会"对话"， 通过标准接口直接调用应用能力， 被称为 A2A （Agent- to-Agent） 。这条路 需要所有人坐下来一起制定规则， 走得慢， 但更稳妥。 另一条 路线 ，是 给AI一把"万能钥匙"， 通过系统权限"读屏"并模拟操作APP ， 被称为 ...

格隆汇1月24日｜SAKANA AI周五表示，谷歌以与该公司最近宣布的融资轮次相同的估值（25亿美元） 对其进行了投资。该公司未透露谷歌的具体投资金额。作为日本最具价值的人工智能初创企业， SAKANA AI还宣布与谷歌达成了一项战略合作伙伴关系，这将使该公司能够利用这家美国科技巨头的 前沿人工智能模型来开发其技术与产品。 ...

Industry Overview - Robotaxis are poised to revolutionize the transportation industry, comparable to the impact of the automobile since its invention [1] - Grand View Research projects robotaxi sales to grow at an annual rate of 74% through 2030, with the ride-sharing market valued at $918 billion by 2033 [2] - Morgan Stanley estimates that autonomous vehicle sales will exceed $3 trillion by 2040 [2] Company Analysis Nvidia - Nvidia is a leader in autonomous driving technology, providing an end-to-end platform that includes hardware and software for self-driving cars [5][6] - The company’s Hyperion platform integrates hardware, software, and sensors necessary for autonomous driving, and collaborates with Uber to assist OEMs in building autonomous vehicles [7] - Wall Street forecasts Nvidia's earnings to grow at 38% annually over the next three years, making its current valuation of 45 times earnings reasonable [8] Uber Technologies - Uber operates the largest ride-sharing platform globally, making it a strategic partner for autonomous vehicle companies [10] - The company collaborates with over 20 AV partners and is already linking users with robotaxis in multiple cities [10] - Morgan Stanley predicts Uber will capture 22% of autonomous ride-sharing trips in the U.S. by 2032, with earnings expected to grow at 28% annually, resulting in a current valuation of 11 times earnings [11] Tesla - Tesla's full self-driving platform relies solely on computer vision, making it less costly and more scalable compared to competitors that use multiple sensor types [12][13] - The company plans to leverage its existing fleet of nearly 8 million cars to crowdsource robotaxis, allowing owners to earn income through the autonomous ride-sharing platform [14] - Morgan Stanley estimates Tesla will account for 25% of autonomous ride-sharing trips in the U.S. by 2032, although its valuation is complicated by struggles in its electric car business [15][16] Alphabet (Waymo) - Alphabet's Waymo leads the autonomous ride-sharing market with commercial services in five U.S. cities and is testing in numerous others [17] - Wall Street anticipates Alphabet's earnings to grow at 15% annually over the next three years, with a current valuation of 32 times earnings [18] - Morgan Stanley expects Waymo to maintain its market leadership, accounting for 34% of autonomous ride-sharing trips in the U.S. by 2032 [19]

公众号记得加星标⭐️，第一时间看推送不会错过。 HBF采用多层3D NAND芯片堆叠技术，与HBM互补，用于GPU。 人工智能工作负载的爆炸式增长给内存系统带来了前所未有的压力，迫使企业重新思考如何向加速器 提供数据。 高带宽内存 (HBM) 已用作 GPU 的快速缓存，使AI 工具能够高效地读取和处理键值 (KV) 数据。 然而，HBM 价格昂贵、速度快、容量有限，而高带宽闪存 (HBF) 则以较慢的速度提供更大的容量。 HBF 如何与 HBM 互补 HBF 的设计允许GPU访问更广泛的数据集，同时限制写入次数（每个模块大约 100,000 次），这就 需要软件优先处理读取操作而不是写入操作。 HBF 将与 HBM 集成到 AI 加速器附近，形成分层内存架构。 韩国科学技术院 (KAIST) 的金钟浩教授将 HBM 比作家里的书架，方便快速学习；而 HBF 则像一 个图书馆，内容更丰富，但访问速度较慢。 该概念设想未来的迭代产品（如 HBM7）可以作为"内存工厂"运行，数据可以直接从 HBF 进行处 理，而无需通过传统的存储网络。 HBF 将多个 3D NAND 芯片垂直堆叠，类似于 HBM 将 DRAM ...

1.【谷歌投资Sakana AI旨在提升Gemini在日本的业务】谷歌加入了日本初创公司Sakana AI的投资 者行列，此举有助于增强聊天机器人Gemini在日本的影响力，因为该国正急于加快人工智能的应用步 伐。此次投资是在去年完成1.35亿美元的B轮融资之后进行的，当时这家初创公司的估值约为26亿美 元。Sakana并未透露此次投资的具体金额。通过此次合作，这家美国公司获得了日本最具价值初创 企业的支持，从而能够在资金充裕的企业环境中推广"Gemini"产品（ 财联社 ） 2.【李飞飞的创企World Labs拟融资5亿美元，目标估值50亿美元】据报道，AI领域知名专家李飞飞 正与投资者洽谈，计划为其初创公司World Labs筹集约5亿美元资金，目标估值近50亿美元。该公司 此前于2024年获2.3亿美元融资，当时公司估值为10亿美元。（界面新闻） 3.【OpenAI首席执行官：公司API业务上月新增超10亿美元年化经常性收入】当地时间1月22日， OpenAI首席执行官山姆·奥特曼在X平台上发文透露，过去一个月里，公司通过API业务新增了超过 10亿美元的年化经常性收入（ARR）。（新浪财经） 欢迎加 ...

The National Transportation Safety Board said Friday it is opening an investigation into self-driving car company Waymo after its robotaxis illegally passed stopped school buses in Austin, Texas at le... ...

The National Transportation Safety Board has opened an investigation into Waymo after its robotaxis have been spotted illegally passing stopped school buses numerous times in at least two states.The NTSB is specifically focusing on the more-than-20 incidences that have occurred in Austin, Texas, it said in a post on X on Friday. It’s the first time Waymo has been investigated by the NTSB, but it’s the second investigation launched into Waymo over its school bus problem. The National Highway Traffic Safety ...