周三美股成交额第1名特斯拉收高4.08%，成交384.24亿美元。消息面上，在发布加速人工智能发展计划 五个月后，特朗普政府开始将目光转向机器人。知情人士透露，商务部长卢特尼克一直在与机器人行业 的首席执行官们会面，并"全力以赴"地加速该行业的发展。特朗普政府正在考虑明年发布一项关于机器 人技术的行政令，交通部也正准备宣布成立一个机器人工作组，可能在年底前公布。 第2名英伟达收跌1.03%，成交291.82亿美元。英伟达CEO黄仁勋周三与特朗普会晤。二人谈及出口管 制，黄表示支持出口管制。黄仁勋说："我们应该确保美国公司拥有最好的、最前沿的和最多的芯片。" 特朗普夸奖黄仁勋，称他"做得非常出色。" 第3名微软收跌2.5%，成交160.64亿美元。据报道，微软已下调对企业客户在其云部门人工智能模型和 智能体市场平台上的支出预期。 据The Information援引Azure云部门两名销售人员的消息称，由于许多销售人员未能完成截至6月财年的 销售目标，微软多个部门已下调特定AI产品的销售增长指标。报道指出，此番不同寻常的调整反映出 微软正设法应对企业对支付更高AI成本的抵触情绪。 微软发言人在电邮声明中表示，" ...

**My articles represent my opinion only and in no way constitute professional investment advice. It is the responsibility of the reader to conduct their due diligence and seek investment advice from a licensed professional before making any investment decisions.**Analyst’s Disclosure:I/we have a beneficial long position in the shares of GOOG, AAPL, META either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensatio ...

**My articles represent my opinion only and in no way constitute professional investment advice. It is the responsibility of the reader to conduct their due diligence and seek investment advice from a licensed professional before making any investment decisions.**Analyst’s Disclosure:I/we have a beneficial long position in the shares of GOOG, AAPL, META either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensatio ...

Wall Street has been in a wavering mode lately, thanks to concerns related to rich artificial intelligence (AI) valuations. Investors have grown increasingly cautious amid mounting economic uncertainty and stretched market valuations. Concerns over inflated stock prices, mainly in AI-related momentum names, have kept Wall Street under pressure.The European Central Bank (ECB) warned in its Financial Stability Review that global equities remain elevated, with rising concentration among major U.S. hyperscalers ...

Bull markets are a lot like the zombies in apocalypse movies: you might think they're finally dead, but then they're back on their feet before you even have a chance to reload.The AI bull market might be getting frothy and volatile as 2025 draws to a close, but recent activity shows that any wounds sustained over the last few weeks are superficial.However, this particular resurgence comes with a twist: lately, the rally isn’t being led by the usual suspects like NVIDIA, Microsoft, Tesla, or OpenAI.There may ...

Self-driving cars are slowly becoming less sci-fi and more real-world as companies like Waymo, the autonomous arm of Google's parent, Alphabet, expand into more areas. On Wednesday, Waymo said it's driving in four new cities: Baltimore, Pittsburgh, St. Louis and Philadelphia.Waymo is starting with manual driving in Baltimore, Pittsburgh and St. Louis before eventually switching to autonomous operations. In Philadelphia, it's now operating autonomously with a human specialist monitoring behind the wheel. Thi ...

Here's why the answer is more complicated than it seems.It is becoming clearer how the battle lines will be drawn in the war over artificial intelligence (AI) supremacy. On one side, you have Alphabet (GOOG +0.45%) and its vertically integrated AI strategy powered by Gemini. On the other, you have a combination of Microsoft (MSFT 2.60%), OpenAI, and Nvidia building various AI tools.When trying to serve both consumers and enterprise use cases, Alphabet and Microsoft are competing with their Gemini and Copilo ...

Core Insights - Alphabet's shares have increased by 66% in 2025, potentially due to the strong performance of its AI chatbot, Gemini 3, which has outperformed ChatGPT [2][6] - A possible multi-billion dollar contract with Meta for Tensor Processing Units (TPUs) could further enhance Google's position in the AI chip market [3][10] AI Chip Market Dynamics - The AI chip market is projected to grow at an average annual rate of 25%, reaching $440 billion by 2030, with Google's market share expected to rise from 5% to 25% during this period [5][12] - Nvidia's market share in the AI chip sector could decline from 90% to 70% by 2030, indicating increased competition from Google [5] Competitive Landscape - OpenAI's ChatGPT faces challenges as Gemini's user base has grown by 44% to 650 million, while ChatGPT has over 800 million weekly users [6] - OpenAI's CEO has declared a "code red" to enhance ChatGPT's features in response to competitive pressures from Google and Meta [8] Financial Performance - Google's operating income over the last four quarters was $151.4 billion, surpassing Nvidia's $110 billion, providing Google with a financial advantage to compete in the AI chip market [9] - OpenAI is projected to incur net losses of $9 billion and $14 billion in 2025 and 2026, respectively, putting pressure on the company to secure additional funding [7] Future Projections - Google's TPUs could control 8% of the AI chip market by the end of 2025, with estimates suggesting a rise to 25% by 2030 [11][12] - The competitive dynamics are prompting pricing pressures, as evidenced by OpenAI negotiating a 30% discount on its Nvidia compute fleet [14] Investment Considerations - Wall Street views Alphabet shares as slightly overvalued, while Nvidia's stock is considered cheap, with Google's generative AI initiatives potentially making it a more attractive investment [15]

Brown Advisory, an investment management company, released its “Brown Advisory Large-Cap Growth Strategy” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The strategy returned -0.88% (net) during the third quarter, underperforming the benchmark, the Russell 1000 Growth Index. Even though the portfolio has significant exposure to AI, its underweight to the most speculative momentum-driven parts of the trade was a headwind to performance. In addition, please check the fund’s t ...

Waymo is adding another four cities to its growing list of robotaxi rollouts. The company announced Wednesday it has begun testing its autonomous vehicles (with a safety monitor) in Philadelphia, and that it will start manual driving to collect data in Baltimore, St. Louis, and Pittsburgh.Waymo did not offer a timeline for when it plans to launch commercial services in those locations, nor do we know whether the Alphabet-owned company will partner with other companies to operate robotaxis in each one. That ...