It was a tale of two markets last week: Industrials surged while financial and tech names buckled under the growing weight of artificial intelligence fears. A mixed bag of economic data complicated matters further. Although the S & P 500 bounced slightly Friday following an inflation print that bolstered the future case for lower interest rates, it wasn't enough to pull the index into the green for the week — or to convince investors that a Federal Reserve rates cut is coming next month. The S & P 500 shed ...

视频模型Seedance 2.0、图像模型Seedream 5.0 Lite连续刷屏后，2月14日，字节跳动正式宣布推出豆包 大模型2.0（Doubao-Seed-2.0，简称豆包2.0）系列。 其中，在语言模型基础能力上，豆包2.0 Pro旗舰版取得IMO、CMO数学竞赛和ICPC编程竞赛金牌成 绩，数学和推理能力达到世界顶尖水平。 自2023年，豆包大模型初始测试版上线，2024年正式对外发布，豆包代际模型版本更新已经过去近一年 半时间。其间持续在文本基础、多模态强化、深度思考、Agent（智能体）执行等方面更新，直至此次 版本，在2.0全能力升级。 此次备受关注的2.0版本，具备全栈模型矩阵 + 多模态理解 + 企业级 Agent + 极致成本四大差异化优 势，已跻身全球第一梯队，成为 Agent 时代的关键玩家。在多项公开测试集上表现突出，接近Google Gemini3，和具备更高性价比。 字节跳动官方明确表示，旗舰版豆包2.0 Pro"面向深度推理与长链路任务执行场景，全面对标GPT 5.2与 Gemini 3 Pro"。从技术参数到产品定位，豆包2.0与Google Gemini的相似性正在从" ...

These companies have more diversified businesses than the computer chip giant.Nvidia (NVDA 2.21%) is officially the largest company in the world by market capitalization. The computer chipmaker that dominates the artificial intelligence (AI) field has grown at an insatiable rate over the last few years, making investors rich in the process.That does not mean it will repeat over the next few years. Today, Nvidia trades at a premium price-to-earnings (P/E) ratio, faces competition from its own customers, and ...

中国基金报记者 储是 全球最大对冲基金桥水刚刚披露了最新美股持仓报告。2025年第四季度，桥水增持英伟达、亚马逊和美光科技等科技股，还增持了黄金生产商股纽蒙特。 增持科技股和黄金概念股 美东时间2月13日，桥水基金披露了最新美股持仓报告（13F）。 13F报告显示，桥水基金去年第四季度持仓总市值达274亿美元，而第三季度总市值为255亿美元。 截至2025年第四季度末，桥水的前十大标的分别是标普500指数ETF-SPDR（SPY）、标普500指数ETF-iShares（IVV）、英伟达、拉姆研究、赛富时、谷 歌、微软、亚马逊、奥多比、GE Vernova，前十大持仓标的占总市值的36.35%。 | Stock | History | Sector | Shares Held or | Market | % of | Previous % of | Rank | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | Principal | Value | Portfolio | Portfolio | | | | | | Amt | | | | | ...

Group 1 - Bridgewater Associates significantly increased its holdings in technology stocks and gold-related stocks in Q4 2025, including Nvidia, Amazon, and Newmont Corporation [1][2] - The total market value of Bridgewater's holdings reached $27.4 billion in Q4 2025, up from $25.5 billion in Q3 2025 [2] - The top ten holdings accounted for 36.35% of the total portfolio, with SPDR S&P 500 ETF (SPY) and iShares S&P 500 ETF (IVV) being the largest positions [2][3] Group 2 - Bridgewater increased its Nvidia shares from 2.51 million to 3.87 million, a 54% increase, and also raised its Amazon shares to 1.95 million [4] - The largest reductions in holdings were in Uber, Fiserv, Google, Meta, and Microsoft [4] - The report indicates a shift in asset allocation from the U.S. to international markets, with a notable focus on gold as a strong asset class [7][8] Group 3 - Ray Dalio emphasized that the main sources of returns in 2025 were changes in currency values and the underperformance of U.S. stocks compared to non-U.S. stocks and gold [7] - The dollar depreciated against several currencies, with a 39% decline against gold, highlighting gold's status as a strong asset [7] - Current high price-to-earnings ratios and low credit spreads indicate that overall valuations are expensive, with expected long-term stock returns at about 4.7% [8]

Key TakeawaysAmazon (AMZN) CEO Andy Jassy has committed to a record $200 billion capital expenditure plan for 2026, primarily to scale AWS and AI infrastructure.The U.S. and Taiwan have finalized a landmark $250 billion trade agreement that caps tariffs at 15% in exchange for massive domestic semiconductor investments by TSMC (TSM).U.S. Secretary of State Marco Rubio reaffirmed the Transatlantic Alliance at the Munich Security Conference, signaling a shift toward "revitalizing" rather than abandoning Europe ...

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！ 来源：AI产品阿颖 Seedance 2.0 出来之后，我觉得所有人都该重新回味一下 Demis 那个判断。甚至我个人感觉，字节和 Google 的模型差距，可能已经缩小到一两个月了。 我越来越觉得，评价一个模型好不好，方式正在变。 Benchmark 肯定依旧重要，但真正有说服力的，是用户的口碑传播。因为现在模型已经司空见惯了，能 力到底强不强，用两次就知道了。 不知道 DeepSeek V4 最近还会不会来。来的话，还能不能像去年那样，在全球范围引起一轮振奋。 但至少这周，Seedance 2.0 让我们重新感受到了去年那种时刻。真的很激动。 记得前段时间 DeepMind CEO Demis Hassabis 在一次访谈里说过，字节跳动距离 Google 这样的头部公 司，大概只差六个月。不是一两年，是六个月。 Demis 平时表达很克制，没有咋咋呼呼。所以我当时听到他说这个判断，愣了下。关键的是，他提到中 文公司时，只点了字节。 坦白讲，在那个时间点，我心里是存疑的。那时候国内模型很多家都在冲 SOTA，榜单成绩此起彼伏， 并没 ...

Core Insights - Aye Finance's IPO was highly successful, closing with a 97% subscription rate, and is set to list on February 16 [1] - The IPO included a fresh issue of shares worth ₹710 Cr and an offer-for-sale (OFS) component of up to ₹300 Cr, valuing the company at approximately ₹3,183 Cr (about $351.4 million) at the upper end of its price band [7] Investor Gains - MAJ Invest emerged as the biggest cash gainer, selling 1.08 million shares for ₹139.7 Cr, achieving a 1.7X return on its initial investment [2][5] - LGT Capital Partners recorded the highest return on investment at 2.4X by offloading 2.325 million shares worth ₹30 Cr, while retaining 2.47 Cr shares valued at ₹319.8 Cr [3][5] - CapitalG, the growth fund of Alphabet Inc, sold 63.95 lakh shares for ₹82.5 Cr, realizing a 2.2X gain on its investment [8] - Alpha Wave sold 23.25 lakh shares for ₹30 Cr, achieving a 1.4X return on its initial investment [9] Company Performance - Aye Finance, co-founded by Vikram Jetley and Sanjay Sharma in 2014, specializes in small-ticket business loans for MSMEs [10] - The company's total assets under management reached ₹6,027.6 Cr as of September 2025, reflecting a 21% year-over-year growth [10] - In H1 FY26, Aye Finance's net profit declined by 40% to ₹64.6 Cr from ₹106.8 Cr in the previous year, while operating revenue increased by 21.8% year-over-year to ₹843.5 Cr [11]

当中国即将踏入丙午马年春节之际，大洋彼岸的美股市场却正在经历一场罕见的"寒流"。 标普500指数本周下跌1.4%，为去年11月以来最大跌幅，且在本周五（2月13日）的交易中，超过40只 成分股出现超过3倍标准差的异常波动，这是高盛交易员记忆中的最高水平。从物流、软件到金融、保 险，AI颠覆预期的多米诺骨牌正以摧枯拉朽之势冲击着美股多个板块。一个关键问题随之而来：AI是 否已经不再是美股增长引擎，而是变成了"估值粉碎机"？ 图片来源：视觉中国 标普500指数前一交易日仅15只个股出现异常波动，周五就激增至40只，这很可能不是简单的回调，而 是市场微观结构层面的信心塌方。物流板块成为重灾区，C.H. Robinson作为美国最大的第三方物流与货 运经纪公司之一，其股价波动往往被视为行业风向标，周五其遭遇8倍标准差的暴跌，陷入程序化止损 盘与恐慌性抛售形成的"死亡螺旋"。科技巨头也集体领跌，苹果、亚马逊、微软、Meta成为指数最大拖 累。 尤其触目惊心的是，亚马逊股价九连跌，创下自2006年以来最长连跌纪录，继微软之后也正式跌入技术 性熊市，即从重要高点下跌20%及以上，标志着市场对"AI受益者"的叙事可能彻底反转 ...

Core Insights - A recent sell-off in the market has created unique buying opportunities, particularly in the artificial intelligence (AI) sector, which remains a focal point for investors [1] - The demand for AI technology continues to drive significant investment opportunities, especially in companies that provide essential hardware and cloud services [1] Group 1: AI Hardware Providers - Nvidia and Broadcom are major beneficiaries of AI spending, as they produce computing equipment crucial for AI data centers, leading to strong growth prospects [4][7] - Nvidia's GPUs are the industry standard for AI computing, and the company maintains a competitive edge with its technology stack [6] - Broadcom collaborates with AI hyperscalers to design custom AI chips, enhancing its position in the market [6][7] Group 2: Semiconductor Manufacturing - Taiwan Semiconductor (TSMC) plays a vital role in the AI ecosystem by fabricating logic chips for Nvidia and Broadcom, as well as other tech companies [8] - TSMC's advancements in 2-nanometer chip technology promise reduced power consumption, which is beneficial as AI data centers expand [10] Group 3: Cloud Computing Providers - Alphabet and Microsoft, despite recent stock sell-offs, are key players in the cloud computing industry, investing heavily to expand their AI capabilities [11] - Both companies are experiencing significant revenue growth in their cloud services, with Microsoft Azure revenue increasing by 39% and Google Cloud by 48% in their latest quarters [14] - The ongoing demand for cloud computing services supports the rationale for AI capital investment spending [12][14]