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 ...

Alphabet's (GOOGL) (GOOG) Google is gaining significant traction in the AI chip market with its custom Tensor Processing Units (TPUs), but Morgan Stanley analysts believe Broadcom (AVGO) remains an even stronger investment opportunity. The investment firm raised its price target on Broadcom to $443, pointing to Google's TPU success as validation of broader demand for custom AI chips that Broadcom helps design and manufacture. This connection between the two companies has turned Broadcom into a derivative ...

Market Overview - Wall Street is experiencing volatility due to concerns over high valuations in the artificial intelligence (AI) sector, leading to increased caution among investors amid economic uncertainty [1] - The European Central Bank (ECB) has highlighted that global equities remain elevated, particularly among major U.S. hyperscalers like NVIDIA, Alphabet, Microsoft, and Meta [2] Concentration Risks - The "Magnificent 7" companies (Alphabet, Amazon, Apple, Tesla, Meta, Microsoft, and NVIDIA) have seen a 24% increase year-to-date and account for 40% of the Morningstar U.S. Index, raising concerns about concentration risk [3] - Morningstar strategist Michael Field has indicated that this concentration is risky due to the companies' collective reliance on AI [3] Valuation Insights - Tesla is identified as being overvalued by more than 50%, while ARM Holdings is trading at approximately 90 times expected 2026 earnings, indicating stretched valuations [4] - The ECB, alongside the Bank of England and the IMF, has called for caution regarding high valuations in AI stocks, although strong earnings are seen as a supportive factor [5] Earnings Performance - For the Magnificent 7, Q3 earnings are projected to increase by 26.9% year-over-year, with revenues up by 17.6%, following a previous quarter's growth of 26.4% in earnings and 15.5% in revenues [6] - Excluding the Magnificent 7's contributions, the S&P 500 index's Q3 earnings would only rise by 9.9%, compared to a 14.8% increase when including the group, highlighting the strong earnings momentum of these AI-heavy companies [7] Future Earnings Expectations - Total earnings for the Magnificent 7 are expected to grow by 21.0% in 2025, with revenues increasing by 11.6%, while the remaining S&P 500 companies are projected to see an 8.1% earnings growth [8] - The Magnificent 7 is anticipated to contribute 25.3% of total index earnings in 2025 and 26.6% in 2026 [8] Market Sentiment - Morningstar strategist Michael Field advises against panic-selling but emphasizes the importance of being aware of risks [9] - Wedbush analyst Dan Ives remains optimistic, suggesting that the market is not in a bubble and expects the tech bull market to continue for at least two more years [9] Investment Focus - Investors are encouraged to monitor various ETFs, including iShares U.S. Technology ETF (IYW), Fidelity MSCI Information Technology Index ETF (FTEC), and Global X Artificial Intelligence & Technology ETF (AIQ) among others [10]

Stock-market booms always end the same way: Optimism outruns reality, then prices correct. - AFP/Getty Images If you’re like me and you’ve been hanging around investing websites for the past few weeks, you’re probably a little confused. One crowd is in full alarm mode: The underlying U.S. economy is weakening; consumers are hurting; layoffs are rising. There’s an “AI bubble,” they say, and “We’re headed for a crash.” Then there’s a group that couldn’t be more bullish about the stock market. They point to ...

Core Viewpoint - The AI bull market is experiencing a resurgence, with new stocks leading the rally instead of traditional giants like NVIDIA and Microsoft [1][2]. Group 1: Alphabet Inc. - Alphabet Inc. (NASDAQ: GOOG) is positioned as a leader in the AI race, with a market cap of $3.8 trillion and significant advancements in AI technology, including the Gemini V3 upgrade and Waymo's driverless car service [3]. - Analysts from JP Morgan and Scotiabank have raised their price targets for Alphabet to $336 and $340, respectively, reflecting strong earnings performance in 2025 [3]. - Despite a recent four-day decline, GOOG shares show strong upside potential, trading above the 50-day and 200-day simple moving averages (SMAs) since July [6]. Group 2: TTM Technologies Inc. - TTM Technologies (NASDAQ: TTMI) is a key player in the AI sector, focusing on high-density printed circuit boards (PCBs) essential for AI systems, with a market cap nearing $7 billion and $2.7 billion in sales over the last year [7]. - The company reported a 22% year-over-year increase in quarterly revenue, driven by AI data center sales, and has a backlog in aerospace and defense approaching $1.5 billion [7]. - TTMI shares have surged nearly 170% year-to-date, with strong technical indicators suggesting continued upward momentum [9]. Group 3: Celestica Inc. - Celestica (NYSE: CLS) has seen significant growth due to demand for its products in AI data centers, achieving record quarterly EPS of $1.58 and revenue of $3.16 billion in Q3 2025 [10]. - The company's market cap has reached $35 billion, with annual sales projected to exceed $11 billion, and Citigroup has upgraded the stock to Buy with a price target of $375 [10]. - CLS shares are above both the 50-day and 200-day SMAs, indicating a strong uptrend, although recent momentum has shown signs of weakening [12]. Group 4: Amphenol Corp. - Amphenol (NYSE: APH) is a major supplier in the AI data center industry, providing essential components like connectors and cables, with a market cap of $173 billion [13]. - The company reported record revenue of $6.19 billion and EPS of $0.93 in Q3, surpassing analyst expectations by 12% and 17% respectively [13]. - APH shares have doubled year-to-date, with technical indicators suggesting continued strength despite recent volatility [16].

Alphabet (GOOG) (GOOGL) stock has been on fire this year, and even Cathie Wood’s ARK Invest is piling in. Shares recently hit new all-time highs, driven by a wave of AI excitement, from Google’s highly praised Gemini 3 model to reports that Meta may rent Google’s AI chips. The stock is flirting with a $4 trillion market cap, up roughly 70% year-to-date (YTD). In late November, ARK picked up another chunk of GOOG shares just as the rally accelerated. Recent filings show she bought 174,293 shares worth arou ...

Core Insights - Waymo is expanding its self-driving car operations into four new cities: Baltimore, Pittsburgh, St. Louis, and Philadelphia, with plans for both manual and autonomous driving [1][2][24][25][45]. Expansion and Operations - Waymo is starting manual driving in Baltimore, Pittsburgh, and St. Louis, while operating autonomously in Philadelphia with a human specialist monitoring [2][24][25][45]. - The company currently provides fully autonomous rides in Phoenix, San Francisco, Los Angeles, Atlanta, and Austin, utilizing the all-electric Jaguar I-Pace [2][6]. - Waymo has announced plans to expand its service to additional cities, including New Orleans, Minneapolis, Las Vegas, San Diego, Detroit, Nashville, Denver, Seattle, Dallas, Houston, and San Antonio, with expected public launches in 2026 [26][29][31][33][36][38][40]. Technology and Manufacturing - Waymo is opening a new 239,000-square-foot autonomous vehicle factory in Phoenix to increase its fleet from 1,500 to 3,500 vehicles, integrating sixth-generation self-driving technology [4]. - The company has partnered with Hyundai to incorporate its technology into the Ioniq 5 SUVs and is exploring collaboration with Toyota for future autonomous driving tech [5][54]. Safety and Performance - Waymo has driven over 100 million fully autonomous miles and provided more than 10 million paid rides, reporting significantly fewer crashes compared to average human drivers [6][7]. - The company's safety report indicates an 88% reduction in serious injury crashes and a 93% reduction in pedestrian injuries over 71 million autonomous miles driven [7]. Future Developments - Waymo's sixth-generation self-driving technology aims to enhance vehicle capabilities, particularly in extreme weather conditions, and will debut in the all-electric Zeekr RT [53]. - The company is also working on expanding its autonomous driving technology into trucking, although it is currently focusing on ride-hailing services [55][56].

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 ...