Core Viewpoint - The article discusses the current excitement around quantum computing, highlighting that while niche players like D-Wave Quantum Inc. have seen significant stock price increases, established tech leaders like Alphabet may be better positioned for long-term success in this emerging technology [1][2]. Group 1: D-Wave Quantum Inc. - D-Wave's share price has surged over 433% in the past year, but has recently pulled back due to investor concerns about speculative investments [2]. - The company reported only $3.7 million in sales for the third quarter, with net losses widening from $0.11 to $0.41 per share, indicating a challenging financial position [5]. - D-Wave's price-to-sales ratio stands at 325, significantly higher than the tech sector average of 9, suggesting that the stock is priced for perfection and may face investor abandonment if it fails to deliver rapid sales growth [6]. Group 2: Alphabet Inc. - Alphabet is highlighted as a more stable investment in the quantum computing space, with $2.87 per share in earnings, $102 billion in revenue, and $24.4 billion in free cash flow reported in the third quarter [9]. - The company has made significant advancements in quantum computing, including the release of the Willow processor and the development of the "Quantum Echoes" algorithm, which operates 13,000 times faster than the most powerful supercomputer [8]. - Alphabet's profitability and cash resources allow it to invest in quantum computing while also benefiting from its leadership in artificial intelligence, advertising, and software during the potentially lengthy timeline for quantum computing applications [10].

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) shares closed lower during Thursday's session.The European Commission recently launched an antitrust investigation into Google for using content from publishers and creators to train its artificial intelligence (AI) models.Meanwhile, Piper Sandler analyst Thomas Champion maintained an Overweight rating on Alphabet on Thursday and raised the price target from $330 to $365.With the recent buzz around Alphabet, some investors may be eyeing potential gains from the comp ...

We've been talking a lot about the AI trade in recent weeks, some uh throwbacks to the dot area era when we're talking about circular funding and vendor financing. Right now, we're seeing this race in chat bots. Is there is there a plain language way to look at it. Is there some comparison that kind of applies to everyday life that we can look at it.Is it kind of similar to I've heard somebody talk about VHS and beta and the battle isn't over the tech. It's on who can just kind of take the mainstream aspect ...

站在2025年12月的时间节点，距离ChatGPT发布仅过去三年，市场对于"AI泡沫"的讨论已至沸点。德意志银行认为，当前AI热潮既不是完全的泡 沫，也不是毫无风险，关键在于区分不同类型的"泡沫"。 12月12日，据硬AI消息，德银在最新研报中创新性地将AI泡沫分为估值泡沫、投资泡沫和技术泡沫三个维度进行分析。报告称，公开市场大型科 技公司的估值有盈利支撑，投资增长符合趋势且由现金流推动，技术进步仍在持续。真正的风险集中在估值过高的私营公司、可能失控的循环融 资结构，以及潜在的技术瓶颈和供应限制。 估值泡沫：估值分化揭示真实风险所在 德银的核心观点是当前AI热潮并非单一泡沫，而是由三种不同性质的泡沫构成。 然而，德银认为，这一估值主要由盈利增长驱动，而非纯粹的投机。该行称，虽然整体估值较高，但自2022年10月以来，标普500指数一直在 22.7%的年化增长趋势通道内运行，目前处于该通道的低端。 更关键的是，大型科技股的估值溢价是由盈利增长驱动的：大型科技股的估值溢价约60%，但这一溢价得到了20%以上的盈利增长差异支撑。 德银指出，当前科技股估值并未达到互联网泡沫时期的极端水平，且盈利增长正在向更广泛的行业 ...

智通财经APP获悉，随着ChatGPT开发者OpenAI重磅推出在深度推理与代码生成上"强到离谱"GPT-5.2 以抗衡谷歌11月下旬推出的Gemini 3，谷歌与OpenAI之间的这场"AI巅峰对决"来到双方对决故事的高潮 章节。从投资层面来看，OpenAI与谷歌分别代表全球股市当下的两条最热门投资主线——即"OpenAI 链"以及"谷歌AI链"，在华尔街金融巨头摩根大通看来，股票市场有三大"超级投资主题"堪称谷歌 vs OpenAI这场可能持续多年交锋的"最强受益主题"，两者强强抗衡或者某一方进入绝对领先优势，对于 这三主题来说都是长期利好。 华尔街金融巨头摩根大通近日发布研报称，数据中心高速互联(DCI)、光互联与企业级高性能存储，至 少在全球AI算力产业链持续紧张的2026至2027年，将是同时受益于谷歌与OpenAI这两大AI超级巨头所 各自领衔的AI训练/推理算力需求激增的最核心三大投资主题。摩根大通表示，全球AI需求景气度仍然 非常强劲，并且该机构的分析师们对于谷歌、OpenAI以及微软、亚马逊等AI与云计算领军者们在2026 年至2027年的AI创收兑现路径总体呈现正面预期。 当我们拆解"Op ...

作者：基森・德鲁里，《傻瓜投资指南》 核心要点 新的一年即将到来，是时候开始物色具备强劲买入价值的股票了。我认为有两只股票有望在 2026 年带 来可观回报，它们分别是字母表（纳斯达克股票代码：GOOG、GOOGL）和台积电（纽约证券交易所 股票代码：TSM）。 这两只股票在 2025 年均表现亮眼，展望 2026 年，二者也已做好了迎接业绩增长的准备。 1． 字母表 在 2025 年下半年，鲜有股票的表现能与字母表匹敌。自 7 月 1 日以来，其股价累计涨幅已超 80%，这 一涨势得益于法庭诉讼的利好消息、人工智能领域的突破，以及新业务部门的潜在成立。 曾几何时，字母表因在生成式人工智能平台的推出上落后于多家竞争对手，一度沦为人工智能领域的笑 柄。但如今，局势已彻底扭转。ChatGPT 的开发商 OpenAI 近期就字母表在该技术领域的迅猛崛起拉响 了 "红色警报"。 这其实并不意外，因为字母表拥有 OpenAI 难以企及的资源。同时，其算力成本远低于 OpenAI，能够 以更低的投入实现技术突破。 字母表成本优势的核心在于其张量处理单元（TPU）。TPU 擅长处理特定类型的工作负载，而英伟达 的图形处理器 ...

AI巨头"实用主义"对决 12月11日，OpenAI发布GPT-5.2，距离上次版本更新不到一个月。与以往追求颠覆性不同，这次发布的 主题明确且务实，官方称这是其"迄今为止功能最强大的专业知识工作模型系列"。 这显然是对近期谷歌Gemini 3强势崛起的回应。 就在上个月，谷歌发布了Gemini 3，凭借其在多模态推理、复杂逻辑任务和实时工具调用等方面的突破 性表现，迅速抢占多个权威基准测试榜首，并开始蚕食OpenAI在开发者生态与企业客户中的既有优 势。 随后，OpenAI首席执行官山姆·奥特曼向员工发布了一份内部备忘录，宣布公司进入最高紧急状态"红色 警报"（Code Red），暂停所有非核心项目，将所有工程和资源集中用于优化其核心产品ChatGPT。一 周之后，GPT-5.2火速上线。 GPT-5.2更像是一次战略防守与务实推进。在竞争压力之下，OpenAI必须证明自己的模型不仅更聪明， 也更实用。 70%的任务超越人类 OpenAI正将重心从炫目的新功能转向提升可用性和可靠性。 在发布中，OpenAI称GPT-5.2是其"迄今为止功能最强大的专业知识工作模型系列"，显然是冲着最近风 头正劲的Gemin ...

Group 1: Nvidia H200 and US-China Relations - Nvidia's H200 AI chip is now allowed for export to approved customers in China, with a 25% revenue share for the US from these transactions [3] - The H200 is considered a perfect upgrade from the H100, but the latter still dominates the market due to its established presence [3] - The strategy allows Nvidia to maintain market dominance while profiting from tariffs on H200 sales to China [3] Group 2: SpaceX IPO Plans - SpaceX is accelerating its IPO plans, aiming for a valuation of $1.5 trillion, which could double Elon Musk's wealth to over $1 trillion [5][6] - This IPO is seen as a landmark event for the commercial space industry, potentially setting new valuation benchmarks and igniting further investment in space [5] - If successful, SpaceX would reclaim its title as the highest-valued private company, previously held by OpenAI [5] Group 3: OpenAI GPT-5.2 Release - OpenAI has released its latest model, GPT-5.2, which features three tiered products for different processing needs: Instant, Thinking, and Pro [8] - The update enhances multi-step reasoning, quantitative accuracy, and reliability in complex technical tasks [8] - This release is a strategic move to solidify OpenAI's position in the professional market while actively competing against global rivals [8] Group 4: Microsoft and Google's Investment in India - Microsoft announced a $23 billion investment plan, with $17.5 billion allocated to building AI infrastructure in India [10] - Google has also committed $15 billion to establish an AI hub in southern India, marking one of the largest AI initiatives globally [10] - The investments are driven by India's rapid economic growth, large population, and ambitions in the semiconductor and AI sectors [10] Group 5: Huawei's Market Share Recovery - Huawei has regained the top position in China's smartphone market, surpassing Apple with a market share of 27.81% compared to Apple's 17.12% [13] - The surge in Huawei's market share is attributed to the successful launch of the Mate 80 series, which sold 376,600 units in a week [13] - This marks a significant recovery for Huawei, ending Apple's dominance in the sales rankings for several months [13]

这次终于没把表给画错了 GPT 5.2 这次其实是更新了 3 个模型，GPT-5.2 Instant、Thinking、以及 Pro 模型。如果你习惯了 Gemini 3.0 Pro 里，每次问答都会经过思考；那么上手 GPT-5.2 Thinking/Pro 时，你会发现 ChatGPT 思考速度的变慢了，比以往所花的时间要更长。 这也是目前大多数获得提前体验的用户，在社交媒体上分享的心得。即 GPT-5.2 对比 5.1 在各个方面都有了提升，且 GPT-5.2 Pro 非常适合去做一些专业 推理工作，需要长时间来完成的任务，但是，就等待结果的过程变得更漫长。 要吊打 Gemini 的 GPT 5.2 在今天凌晨正式发布了，向所有用户推出。 上个月刚刚退订掉 ChatGPT Plus，转到 Gemini，这次需要因为 GPT-5.2 再回去吗？ 看完下面这些网友真实的体验分享，还有 APPSO 的上手实测，或许能有个答案。 例如有用户分享，输入提示词「帮我绘制一张 HLE 测试成绩的图表」，GPT-5.2 Pro 硬是花了 24 分钟才得出这张表。 图片来源：https://x.com/emollick/ ...

在全球人工智能领域竞争快速升温的当下，谷歌与 OpenAI 再次在同一天抛出重磅更新，令整个行业的注意力高度集中。 昨天夜里，谷歌发布了全新"重新构想"的 Gemini Deep Research 版本，并首次开放了嵌入式研究智能体 API。 而几乎同时，OpenAI 正式发布了备受期待的 GPT-5.2（代号 Garlic）。两家公司围绕智能体（Agent）未来、基础大模型能力边界以及应用生态主导权的 竞争，正进入一个前所未有的焦灼阶段。 这一次，谷歌和 OpenAI 的攻防几乎精确地踩在同一时间窗口，让外界得以清晰观察这两家全球 AI 巨头之间的战略对抗节奏。 1 谷歌推出全新 Deep Research Agent 谷歌推出的全新 Gemini Deep Research 工具是一款智能 Agent，能够整合海量信息并处理提示信息中大量的上下文数据。谷歌表示，客户使用 Deep Research Agent 执行的任务范围广泛，从尽职调查到药物毒性安全研究均有涉及。 谷歌还表示，很快会将这款全新的 Deep Research Agent 集成到其各项服务中，包括谷歌搜索、谷歌财经、Gemini 应用以及 ...