报道称， 苹果公司确认，选定谷歌的Gemini 模型支持今年将面世的人工智能（AI）新功能，包括新版的Siri功能。 这一重磅消息推动谷歌母公司Alphabet周一股价止跌转涨，市值史上首次突破4万亿美元，成为继英伟达、微软、苹果之后第四家跻身这一 超高市值的上市公司。 美东时间12日周一，媒体援引苹果的声明称，苹果与谷歌达成为期数年的合作伙伴关系，苹果将依托谷歌的Gemini模型和云技术为未来的苹 果基础模型（Apple Foundation Models）提供支持。 消息公布后，周一早盘曾跌1%的Alphabet股价迅速抹平跌幅，日内涨幅一度达到1.7%、涨至334.04美元，最终收涨超1%，连续三个交易 日创收盘历史新高，成功跨过4万亿美元市值门槛。 上周，Alphabet的市值刚超越苹果，成为目前仅次于英伟达的全球第二高市值公司。本周一盘初同样一度跌1%的苹果股价也小幅转涨，收 涨逾0.3%，在七连跌后两连阳。 来源 | 华尔街见闻 目前，只有英伟达、苹果和微软的市值曾突破4万亿美元大关。英伟达和微软于去年7月首次触及这一里程碑，苹果则在去年10月首次跨越这 一门槛。不过，苹果和微软此后均已大幅跌破4 ...

Summary of Earnings Season Preview for 4Q25 Industry Overview - The report focuses on the S&P 500 index and its earnings performance for the fourth quarter of 2025 (4Q25) - The technology sector, particularly the "Big 6 Tech+" companies, is highlighted as a key driver of earnings growth Core Insights and Arguments - **Earnings Growth Projections**: - S&P 500 EPS is forecasted to grow by 8.8% in 4Q25, with expectations that it may finish closer to 12.2% due to historical trends and potential earnings beats [1][10][20] - The technology sector is expected to lead with an EPS growth of 21.5%, significantly outpacing the rest of the S&P 500, which is projected to grow at only 1.4% [9][10] - **Sector Performance**: - Eight out of eleven sectors are anticipated to show positive growth, with the technology sector being the standout performer [1] - The materials sector is expected to see an EPS increase of 8.8% in 4Q25, with a forecasted acceleration to 20.9% for the full year 2026 [9] - The industrials sector is projected to contract with an EPS growth of -2.4%, heavily influenced by Boeing's performance [9] - Financials, which had strong growth in previous quarters, are expected to moderate to 6.7% this quarter [9] - **Earnings Revisions**: - Revisions for S&P 500 earnings are slightly above historical trends, particularly driven by the technology sector [2] - The consensus for 2026 EPS expectations for S&P 500 ex-Tech+ has remained stable since June, contrasting with typical declines [2] - **Early Reporters**: - Early reporting companies have exceeded EPS estimates by 14.3%, significantly above the historical average of 4.9% [3][39] Additional Important Insights - **Margin Expectations**: - S&P 500 margins are expected to increase by 70 basis points, the lowest expectations since 2Q23, with anticipated margin contractions in several sectors including telecom and healthcare [2] - **Top Contributors and Detractors**: - Notable contributors to EPS growth include NVIDIA (EPS growth of 70.7%), Microsoft (22.7%), and Alphabet (22.0%) [28] - Detractors include Uber (-75.8%), UnitedHealth Group (-69.1%), and Ford (-73.5%) [29] - **Market Dynamics**: - The report indicates a potential setup for a low bar in earnings expectations, particularly for sectors outside of technology [9][22] - **Future Outlook**: - The broader S&P 500 is expected to see a full-year EPS growth of 10% for 2026, with technology continuing to drive significant growth [9] This summary encapsulates the key points from the earnings season preview for 4Q25, highlighting the expected performance of the S&P 500 and its sectors, particularly the technology sector's influence on overall market growth.

Accessible version Internet/e-Commerce Year-Ahead 2026: Top themes and stocks for 1H'26 Industry Overview Dominant theme - AI We expect AI to be the dominant theme again in 2026, and we note Alphabet's 2H'25 stock performance improvement following the Gemini launch and TPU deals as an example of rapidly changing AI sentiment. We think "peak optimism" for AI might not occur until highly visible AI decacorns start going public. Top AI sector themes for 2026 are AI capex returns, Agentic AI adoption, Open Inte ...

Group 1 - Apple and Google announced a partnership to integrate the next generation of Siri and Apple Intelligence with Google's Gemini model, which has sparked significant reactions in the tech community [1][12] - The collaboration is a "white-labeled" partnership, meaning Apple will use a customized version of the Gemini model without any Google branding [3][15] - Apple has secured a 1.2 trillion parameter deep customized version of the Gemini model, which has been upgraded to handle larger files and complex tasks [2][14] Group 2 - User data privacy is a major concern, and Apple has assured that user data will remain within its ecosystem, employing a hybrid processing model to handle tasks [4][16] - Simple tasks will be processed on-device, while complex tasks will utilize the Gemini model on Apple's private cloud, ensuring user data is anonymized before processing [4][17] - Google will not have access to raw user data and cannot use it to train its models, reinforcing Apple's commitment to privacy [5][17] Group 3 - The decision to partner with Google reflects Apple's challenges in developing its own AI models, as it seeks to deliver a satisfactory Siri experience by 2026 [6][19] - The Gemini model's multi-modal capabilities make it an attractive solution for Apple, which is under pressure to enhance Siri's AI functionalities [19][20] - The partnership also serves a strategic purpose to counterbalance the potential competition from OpenAI, which is moving towards consumer AI hardware [20] Group 4 - Concerns about market monopoly have arisen due to the collaboration between two tech giants, with critics highlighting Google's existing dominance in various tech sectors [21][22] - Google's advertising revenue reached $74.2 billion in Q3 2025, with expectations to exceed $80 billion in Q4, indicating its significant market power [21] - Apple's market share in the global smartphone market reached 20% in 2025, surpassing Samsung for the first time, which enhances its influence over AI applications on iOS [22] Group 5 - The enhanced Siri is expected to launch in late 2026, featuring advanced capabilities such as application intent and personal context awareness [11][22] - Despite the partnership, Apple is not abandoning its ambition to develop its own AI models, with significant investments already made in AI technology [12][23] - Reports indicate that Apple is developing its own trillion-parameter model, aiming for a release around 2027, alongside advancements in its custom ASIC chips [23]

U.S. stock futures are showing a slight dip this Tuesday morning, January 13, 2026, as investors brace for a critical economic data release and the official commencement of the fourth-quarter earnings season. The cautious sentiment follows a record-setting close for major indexes on Monday, with traders now keenly focused on inflation signals and corporate performance.Premarket Trading and Futures MovementsAs of early Tuesday, futures contracts for the major U.S. indexes are trending modestly lower. S&P 500 ...

World shares are mixed ahead of an update on U.S. consumer pricesA person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Tuesday, Jan. 13, 2026, in Tokyo. (Kyodo News via AP)HONG KONG -- World shares were mixed and U.S. futures edged lower Tuesday ahead of an update on U.S. consumer prices.In early European trading, the FTSE 100 in London edged up less than 1% to 10,144.50. Germany’s DAX fell 0.2% to 25,356.32, while the CAC 40 in Paris dropped 0.5% to 8,316.63 ...

美国银行全球研究部将谷歌目标价从335美元上调至370美元。 来源：滚动播报 ...

值得注意的是，Alphabet仍面临着不容忽视的监管挑战。公司目前卷入两起具有里程碑意义的美国反垄断诉讼。第 一起案件中，谷歌败诉后，法官于2025年9月裁定不对公司进行拆分，允许其继续控制Chrome浏览器和Android移动 操作系统；第二起案件中，法官于同年4月裁定谷歌非法垄断在线广告市场，关于如何纠正这一垄断行为的审理已 于当年9月启动。外界预计，法院可能要求谷歌剥离部分利润丰厚的广告业务，以促进市场竞争。 谷歌母公司Alphabet在1月12日迎来重要里程碑：公司市值首次突破4万亿美元，超越苹果成为全球市值第二高的上 市公司。同时，Alphabet还是继英伟达、微软和苹果之后，第四家市值达到4万亿美元的公司。 推动股价大幅上涨的直接催化剂，来自与苹果的一项重磅合作——苹果将使用谷歌Gemini大模型驱动其下一代基础 模型，包括即将推出的改款Siri。这一合作被市场视为对谷歌AI能力的高度认可。 不过双方并未披露交易的具体金额。根据外媒此前的披露，苹果可能要向谷歌每年支付约10亿美元。 苹果在向美国消费者新闻与商业频道(CNBC)发表的声明中表示："经过慎重评估，我们认为谷歌的技术为能够为苹 果基础模 ...

这被视为苹果在生成式AI时代的一个关键举措，在坚持系统控制权与隐私原则的前提下，苹果通过外部合作加快AI能力的系统 级落地。 而苹果和谷歌的合作并不意外，此前苹果和OpenAI结盟时，就有高管透露未来会考虑与谷歌合作AI。如今消息公布后，谷歌母 公司Alphabet 股价上涨，市值首次突破4万亿美元关口，与英伟达、微软、苹果一起跻身4万亿美元市值俱乐部。 21世纪经济报道记者倪雨晴 1月13日，苹果宣布在人工智能领域与谷歌达成战略合作，确认将在未来的基础模型和新版Siri等核 心AI功能中，引入谷歌的Gemini大模型及云端技术作为重要底层能力。 不过，这一合作也引发了讨论。特斯拉创始人埃隆·马斯克公开评论称，考虑到谷歌已经控制了Android和Chrome，这样的合作 将导致不合理的权力集中。 同时值得注意的是，虽然全球合作路径逐渐清晰，但苹果AI在中国市场的落地时间仍未确定，其本地化合作方案亦受到市场关 注。 苹果AI的现实路径 苹果选择与谷歌在AI领域展开深度合作，并不意味着其放弃自研路线，而更像是一种基于现实条件的战略平衡。 在生成式AI进入高投入、高不确定性的阶段后，基础模型的训练、推理和持续优化已 ...

Apple will incorporate Google's Gemini AI models into its Siri voice assistant later this year under a new, long-term agreement between the two tech giants. The move strengthens the partnership between the iPhone maker and Alphabet, Google's parent company. It also expands Alphabet's involvement in the GenAI sector. The agreement comes as Alphabet competes with OpenAI for influence over Apple’s AI features. The integration will enable Siri to process more complex queries directly on iPhones while enhan ...