据 PitchBook 数据，新年刚过去不到两个月， Alphabet、亚马逊、Meta、微软、甲骨文这五大头部云服 务商已在美国发行450 亿美元债券，接近 2025 年全年发行量的近一半。 这一规模超过了 2011 年以来它 们任何一整年的发债额。 ...

Analysts are growing more confident in Alphabet’s autonomous driving story. In recent news, on February 13, TD Cowen analyst John Blackledge reiterated a Buy rating on Alphabet (NASDAQ: GOOG) with a $365.00 price target. Blackledge highlighted Waymo’s scaling momentum characterized by its more than 280K weekly trips, improving utilization, and stronger geo expansion in CA. He noted how Waymo has completed 1.26 million trips with passengers in California during December 2025, up from 1.02 million trips in ...

新浪合作大平台期货开户 安全快捷有保障 纳斯达克100指数期货下跌0.8%，标普500指数期货下跌0.3%。 投资者对大型云服务提供商高企的资本支出表示担忧，并质疑回报何时才能到来。他们密切关注人工智 能对软件等众多行业的颠覆性影响。 今年以来科技七巨头全线下跌；科技七巨头等权重指数年内累计下跌7.2%。 美股科技七巨头在盘前交易时段走低，交易员休假后重返市场。 科技七巨头全线下跌：苹果跌0.4%，微软跌0.5%，Meta跌1.1%，亚马逊跌0.2%，特斯拉跌1.1%，英伟 达跌1.1%，Alphabet跌0.1%。 责任编辑：刘明亮 美股科技七巨头在盘前交易时段走低，交易员休假后重返市场。 科技七巨头全线下跌：苹果跌0.4%，微软跌0.5%，Meta跌1.1%，亚马逊跌0.2%，特斯拉跌1.1%，英伟 达跌1.1%，Alphabet跌0.1%。 纳斯达克100指数期货下跌0.8%，标普500指数期货下跌0.3%。 投资者对大型云服务提供商高企的资本支出表示担忧，并质疑回报何时才能到来。他们密切关注人工智 能对软件等众多行业的颠覆性影响。 今年以来科技七巨头全线下跌；科技七巨头等权重指数年内累计下跌7.2%。 ...

This story was originally published on Marketing Dive. To receive daily news and insights, subscribe to our free daily Marketing Dive newsletter. Dive Brief: Unilever has struck a five-year partnership with Google Cloud as the CPG giant prepares for a shift toward agentic commerce and artificial intelligence-powered marketing, according to a press release. The owner of brands like Dove and Hellmann’s Mayonnaise will migrate its integrated data and cloud platforms to Google to build out an enterprise-w ...

More than half of Pershing Square Capital Management's portfolio is now invested in high-profile artificial intelligence (AI) stocks.This is, arguably, the most important week of data releases for the entire quarter on Wall Street -- and it has nothing to do with earnings reports.Today, Feb. 17, marks the deadline for institutional investors with at least $100 million in assets under management to file Form 13F with the Securities and Exchange Commission. A 13F allows investors to track which stocks the bri ...

Core Viewpoint - The current market conditions present a buying opportunity for undervalued stocks, particularly Microsoft, Alphabet, and Amazon, which have seen price declines despite strong earnings reports [1][2]. Group 1: Microsoft - Microsoft has recently lost its premium valuation despite strong performance, with Q2 FY 2026 revenue increasing by 17% year over year and non-GAAP net income rising by 23% [4][6]. - The Azure cloud computing segment reported a remarkable 39% growth in Q2, yet the stock was sold off by the market [6]. - The stock is currently trading at 24 times forward earnings, presenting a compelling investment opportunity [7]. Group 2: Alphabet - Alphabet has transitioned from being a discounted stock to being recognized as an AI leader, although it has experienced a slight decline from recent highs [8]. - The company reported a 48% year-over-year growth in Google Cloud, alongside a 17% growth in its legacy Google Search business [11]. - At 27 times forward earnings, Alphabet is considered a strong buy due to its growth potential in AI and cloud computing [10]. Group 3: Amazon - Amazon's stock has fallen over 10% in early 2026, primarily due to a poorly received earnings report, despite a company-wide revenue increase of 14% [12][13]. - The Amazon Web Services (AWS) division showed significant strength, contributing to the overall revenue growth [13]. - The stock is currently trading at 26 times forward earnings, with planned capital expenditures of $200 billion in 2026, primarily for data centers [14][15].

Group 1: Market Overview - Investors are currently punishing many stocks, particularly in the AI sector, creating potential investment opportunities [1] - The market environment has shifted significantly, prompting investors to reassess their portfolios [2] Group 2: Alphabet (GOOGL) - Alphabet has experienced an 11% pullback since early February, but the company is performing well despite the overall pessimism in the tech sector [4] - The cloud computing segment, which includes AI, grew by 48% year-over-year in Q4 2025, leading to a 53% increase in operating profits, outperforming competitors like Microsoft and Amazon [5] - Alphabet's search business remains robust, with a 22% increase in operating income last quarter, and the company plans to invest $175 billion to $185 billion in capital expenditures in 2026, primarily for AI [7] Group 3: SoFi Technologies (SOFI) - SoFi Technologies is down nearly 40% from its November peak, but this discount may not last long [10] - The company operates as an online-only bank, which aligns with current consumer preferences, as 54% of U.S. bank customers prefer mobile apps for banking [11] - SoFi has grown its customer base to over 13.6 million, an 8% increase from Q3, and analysts maintain a consensus price target of $26.94, indicating a potential 37% upside from the current price [12]

Core Viewpoint - The article discusses Morgan Stanley's latest 13F holdings report, highlighting a shift in investment strategy amidst macroeconomic uncertainty and high valuation pressures, emphasizing the importance of stock selection over passive index exposure [1][9]. Group 1: Investment Strategy - Morgan Stanley's total market value of U.S. stocks increased by only 1.2%, indicating a cautious approach rather than a dramatic repositioning [1]. - The firm is reducing passive exposure while increasing the weight of active selection, suggesting a focus on individual stock performance rather than relying on overall market movements [3][4]. - The report signals a transition from a "rising tide lifts all boats" mentality to a more discerning investment environment where individual stock fundamentals matter more [4][10]. Group 2: Sector Focus - Technology remains a core focus, with major holdings in Apple, Nvidia, Microsoft, Google, and Amazon, reflecting confidence in the sector's long-term growth despite short-term volatility [2][7]. - The report indicates that technology giants are viewed as safe havens due to their strong cash flows and market positions, reinforcing their role as key drivers of global economic growth [2]. Group 3: Stock Selection - Morgan Stanley's top ten holdings account for only 22.15% of the portfolio, lower than typical concentrated portfolios, indicating a strategy that favors individual stock selection over broad market exposure [3]. - The firm is making nuanced adjustments within the same companies and sectors, such as reducing voting shares of Google while increasing non-voting shares, optimizing for liquidity and index inclusion [6]. - The adjustments in holdings reflect a preference for companies with clearer cash flows and more stable business models, as seen in the reduction of Amazon's shares due to its exposure to economic cycles [6][7]. Group 4: Market Dynamics - The report suggests that the market is transitioning from a "broad rally" phase to a "differentiation" phase, where simple index investments may obscure individual stock risks [4][9]. - Investors are encouraged to focus on companies with strong competitive advantages and cash flow resilience, as these will be better positioned to navigate economic uncertainties [10][13]. Group 5: Conclusion - Morgan Stanley's 13F report serves as a guide for investors, emphasizing the need to prioritize quality and capability in stock selection rather than merely following market trends [12][13]. - The article concludes that in an uncertain market, companies with real value-creating capabilities will be the safest harbor for capital [13].

自2026年初以来，特斯拉、苹果等十余家大型企业已发出信号，称动态随机存取内存（DRAM）的短缺 将限制生产。苹果CEO库克警告，这将压缩iPhone的利润率；美光科技称这一瓶颈"前所未见"；特斯拉 CEO马斯克则直指问题的棘手本质，表示特斯拉将不得不自建内存制造厂。马斯克在1月底说："我们只 有两个选择：撞上芯片墙，或者建一座晶圆厂。" 造成上述局面的根本原因是AI数据中心的扩张。Alphabet、OpenAI等公司正大量消耗内存芯片产能，它 们正通过购买数百万片英伟达AI加速器（每片都配备大量内存）来运行聊天机器人及其他应用。这导 致消费电子厂商只能争夺三星、美光等供应商日益减少的芯片供应。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 芯片行业有大变化？ 据彭博社消息，包括马斯克和库克在内的科技行业领袖，正不断警告一场全球危机正在酝酿：内存芯片 短缺开始冲击企业利润、打乱公司计划，并推高从笔记本电脑、智能手机到汽车及数据中心等各类产品 的价格。 据报道，人工智能热潮正引发存储芯片抢购热潮。从去年12月到今年1月份，某一类型DRAM的价格暴 涨了75%。越来越多零售商和中间商， ...

Core Insights - The competitive landscape between OpenAI and Alphabet is shifting, with Alphabet gaining an edge in several areas despite OpenAI's early lead in artificial intelligence [1][4] - There is a significant performance divergence between companies associated with OpenAI and those linked to Alphabet, with Oracle down 50.3% while Alphabet-associated stocks like Celestica, Lumentum, and Broadcom have performed well [2][7] - Media coverage of OpenAI has been excessively negative, particularly regarding its plans to raise substantial capital, which may not reflect the actual financial situation [2][9] Group 1: Competitive Dynamics - OpenAI was initially the leader in AI but is now facing strong competition from Alphabet, which has made a notable resurgence [1][4] - Companies linked to OpenAI, such as Oracle, have seen significant declines, while those associated with Alphabet have experienced positive momentum [2][7] - The media narrative surrounding OpenAI is largely negative, which contrasts with the underlying financial expectations that Wall Street has already factored in [2][9] Group 2: Investment Opportunities - The current negative sentiment towards OpenAI-related stocks may present investment opportunities, as the market may not accurately reflect the financial realities [12][17] - Alphabet's strong performance and positive narratives, including its stakes in companies like SpaceX and Waymo, contribute to its favorable market position [15][16] - The potential for OpenAI to raise $100 billion and pursue an IPO could provide it with the necessary capital to remain competitive in the AI sector [11][17]