Market Overview - US stocks opened mixed, with the Dow Jones Industrial Average rising approximately 0.5%, while the S&P 500 slipped slightly below the flatline and the Nasdaq Composite fell around 0.6% due to a tech-led sell-off [1] - Wall Street is experiencing a recovery phase after fears of AI disruption led to a sell-off in software stocks, impacting global markets in Europe and Asia [2] Earnings Focus - The market is closely watching earnings reports from Alphabet and Arm Holdings, with particular attention on AI demand, followed by Amazon's quarterly report [3] - JPMorgan indicated that even strong earnings may not suffice to reassure the market unless companies can demonstrate that AI will act as a tailwind rather than a headwind [4] Sector Performance - Eli Lilly's stock surged after a positive 2026 profit forecast driven by high demand for weight-loss drugs, while Novo Nordisk's shares fell sharply due to a forecasted decline in sales [5] - Chipotle's stock declined following another quarter of reduced customer traffic, whereas Supermicro's shares increased after raising its annual sales forecast [6] Commodity Trends - Gold prices continued to rise, surpassing $5,000 an ounce, as geopolitical tensions prompted a search for safe-haven assets [6]

US stock futures wavered on Wednesday, though Wall Street found some calm after a tech-led slide amid a fresh wave of earnings, as Wall Street waited for Alphabet (GOOG, GOOGL) results to reveal its AI mojo. Dow Jones Industrial Average futures (YM=F) moved up roughly 0.2%, while S&P 500 futures (ES=F) put on 0.1% after swinging between small gains and losses. But contracts on the Nasdaq 100 (NQ=F) slipped 0.2% after tech stocks bore the brunt of the selling on Tuesday. Wall Street is trying to find its ...

市场风险偏好有所下降！ 北京时间2月4日凌晨，美股三大指数集体下跌，纳指跌幅超过1%。科技股全线下挫，美光科技跌超4%，英伟达、微 软跌近3%。 投机属性更强的加密货币市场也再度跳水。比特币盘中一度暴跌7%并跌破7.3万美元。截至发稿，比特币、以太坊跌 近4%，Solana跌超5%。coinglass数据显示，刚刚过去的24小时内，加密货币全网合约爆仓超7亿美元，爆仓人数高 达16.98万人。 周二，美股三大指数集体跳水，纳指盘中跌幅一度超过2%，标普500指数一度跌超1.6%，道指跌幅也一度超过1%。 截至收盘，纳指跌1.43%，标普500指数跌0.83%，道指跌0.34%。 美国大型科技股多数下跌，万得美国科技七巨头指数跌幅达1.62%。个股方面，英伟达、微软跌近3%，脸书跌超 2%，亚马逊跌近2%，谷歌跌超1%，苹果跌0.2%，特斯拉微涨0.04%。其他个股方面，美光科技跌超4%，甲骨文、高 通跌超3%。此外，软件股延续跌势，ServiceNow跌7%，Salesforce跌6.85%。 英伟达CEO黄仁勋周二否认了与OpenAI交易生变的传闻。他在接受媒体采访时明确表示，公司投资OpenAI的计划仍 ...

谷歌 凤凰网科技讯北京时间2月4日，据路透社报道，法庭文件显示，美国联邦政府和大多数州政府将于周二 针对谷歌反垄断案裁决结果提起上诉。2024年，华盛顿一家联邦法院的法官裁定谷歌在网络搜索业务领 域构成垄断，但驳回了最严厉的整改措施。 美国司法部与各州总检察长未在法庭文件中提供上诉的具体细节。他们提出的异议很可能将聚焦于法官 的裁决。该裁决未强制要求谷歌分拆其Chrome浏览器业务，也未终止谷歌与苹果公司间利润丰厚的默 认搜索引擎合作协议。 谷歌也已就美国联邦地区法官阿米特.梅塔(Amit Mehta)的判决提起上诉。该判决裁定谷歌为遏制在线搜 索及相关广告领域的竞争而违反法律。谷歌还请求法官在上诉期间暂停其要求公司与竞争对手共享数据 的命令。这一上诉程序可能持续数月之久。 但是，梅塔法官否决了更为严厉的补救措施，例如要求谷歌出售其Chrome浏览器或Android操作系统， 或禁止该公司向苹果支付数百亿美元以换取在苹果新设备上成为默认搜索引擎。 法官在判决中表示，自美国司法部和数十名州总检察长提起这起民事诉讼以来的五年间，像OpenAI这 样的生成式AI公司已经崛起，成为对谷歌构成竞争威胁的力量。 这一裁决 ...

Core Insights - The upcoming quarterly results from the "Mag 7" tech giants, specifically Alphabet and Amazon, are highly anticipated, with Alphabet's report due on February 4 and Amazon's on February 5 [1][2] - Investors are particularly focused on the growth of cloud services from both companies, as they compete in the global cloud-computing market [2] Alphabet's Q4 Expectations - Alphabet's Q4 sales are projected to reach $94.7 billion, marking a 16% increase from $81.62 billion a year ago [3] - Google Cloud revenue is expected to be $16.25 billion, reflecting a 36% increase from $11.95 billion in Q4 2024 [3] - EPS for Alphabet is anticipated to rise 20% to $2.58 compared to $2.15 in the same quarter last year [3] - Alphabet has consistently exceeded EPS expectations for 11 consecutive quarters, with an average earnings surprise of 18.74% in the last four reports [4] Amazon's Q4 Expectations - Amazon's Q4 sales are expected to hit a record $211.56 billion, a 12% increase from $187.79 billion last year [6] - AWS revenue is projected to be $35.02 billion, a 21% increase from $28.78 billion in the same quarter last year [6] - EPS for Amazon is expected to rise 6% to $1.98 from $1.86 per share a year ago, with a history of exceeding EPS expectations for 12 straight quarters and an average earnings surprise of 22.47% [7] Performance Comparison - Over the past year, Alphabet's stock has surged more than 80%, attributed to growth in AI-driven businesses and Google Cloud, while Amazon's stock has seen a 2% decline [10] - Amazon's stock currently trades under $240 at a P/E ratio of 30.7X forward earnings, while Alphabet trades near $340 at a P/E of 31X [11] - EPS growth projections for Amazon are slightly higher for fiscal 2026 at 10%, with FY25 EPS expected to rise nearly 30% to $7.18 [14] Bottom Line - Strong Q4 results from both companies could alleviate CapEx concerns among investors, with Amazon currently rated as a Zacks Rank 2 (Buy) and Alphabet as a Zacks Rank 3 (Hold) [17]

Core Insights - The biggest stock winner since January 1, 2000, is Monster Beverage, an energy drink company, which has returned 197,800% this century, significantly outperforming tech giants like Apple and Nvidia [2][4]. Company Performance - Monster Beverage's stock would have turned every $1,000 invested at the start of the century into $1,551,030, and it has continued to outperform competitors since the last report in July 2025 [4]. - In comparison, Nvidia and Apple have returned 136,300% and 28,200% respectively during the same period [2][4]. Strategic Partnerships - A key factor in Monster Beverage's success was a deal with Coca-Cola in 2015, which provided Monster with global distribution capabilities and resulted in Coca-Cola acquiring a 16.7% stake in the company [4]. Market Dynamics - The addictive nature of energy drinks, due to caffeine and other stimulants, has contributed to their popularity and sales growth [5]. Research and Development Expenditure - Unlike major tech companies, Monster Beverage operates on a minimal budget for research and development, spending $195 million in 2024, which is considered a record for the company [6]. In contrast, Nvidia and Apple spent $16.7 billion and $34 billion respectively on R&D in the same fiscal year [6].

Core Viewpoint - The recent earnings reports from the Magnificent Seven tech companies have created mixed signals in the market, particularly due to concerns over high capital expenditures related to AI investments, leading to significant stock price fluctuations [1][2][11]. Group 1: Earnings Performance - Microsoft reported a capital expenditure of $37.5 billion for the quarter, which raised investor concerns despite beating earnings expectations, resulting in a nearly 12% drop in its stock [2][11]. - ServiceNow also experienced a 12% decline in its stock price despite beating earnings and raising subscription guidance, reflecting broader anxiety about AI spending [2]. - Meta Platforms saw a 10% increase in its stock after demonstrating effective AI investment in ad targeting, while Tesla managed to exceed Wall Street expectations [3][11]. Group 2: Market Reactions - The overall market, particularly the tech-heavy Nasdaq, experienced a decline, with major indices continuing to fall after mixed earnings results [1][2]. - Apple reported record revenue for its fiscal first quarter, but its stock fell due to concerns raised by CEO Tim Cook regarding AI data center buildouts affecting the memory chip market [3][11]. Group 3: Future Outlook - The upcoming earnings reports from Alphabet and Amazon, which are projected to have a combined capital expenditure of $500 billion for 2026, will be critical in determining if these investments translate into bottom-line growth [5][11]. - The consumer sector will also be tested with reports from companies like Chipotle, Uber, and Yum! Brands, following strong performance from Starbucks [6][11]. - Current S&P 500 EPS growth for Q4 2025 stands at 11.9%, with 75% of companies beating EPS estimates, although this is slightly below historical averages [7][8].

MARKET RECAP – 2/3/26U.S. stocks sold off sharply today as software names got obliterated by AI disruption fears, triggering the sector’s worst single-day selloff in years and dragging tech giants lower with them. The release of Anthropic’s Claude 5 AI model with advanced legal automation capabilities sparked panic across data services, enterprise software, and related sectors — reinforcing the view that AI may displace traditional software subscriptions faster than anyone expected.The S&P 500 fell 0.84% to ...

A majority of U.S. states on Tuesday are appealing the outcome of a landmark antitrust case against Alphabet's Google, according to court papers. ...

来源：滚动播报 伯恩斯坦将谷歌母公司Alphabet目标价从305美元上调至335美元。 ...