Bolvin Wealth Management Group总裁Gina Bolvin表示，道指突破5万点"与其说是庆祝，不如说是一次确 认"。她指出，市场已经适应了更高利率、更慢的增长节奏以及全球不确定性，却仍能继续走高，这表 明投资者信心真实存在，2026年的市场焦点将更多回归企业基本面，而非货币政策。 智通财经APP获悉，周五，美股全面走强，道琼斯工业平均指数大涨逾1200点，涨幅约2.5%，盘中首次 突破5万点整数关口，收报50,115.67点，创下历史新高。 自2025年底以来，美股涨势逐步由科技板块向更广泛领域扩散，这一趋势显著利好道指成分股。尽管道 指同样包含英伟达(NVDA.US)、苹果(AAPL.US)和微软(MSFT.US)等科技巨头，今年推动指数上行的主 力，更多来自传统行业与防御型板块。其中，高盛(GS.US)、卡特彼勒(CAT.US)、安进(AMGN.US)以及 宣伟公司(SHW.US)等表现尤为突出。 由于道指采用价格加权方式计算，这些股价较高的成分股，对指数的影响力明显高于按市值加权的指 数。此外，波音近期股价同样持续走强，也对道指形成支撑。 回顾走势，自2024年5月首次站上4 ...

Goldman Sachs is deploying autonomous artificial intelligence (AI) agents built with Anthropic’s Claude model to automate core accounting, compliance and operational finance functions, according to a Friday (Feb. 6) report from CNBC.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited ...

Core Viewpoint - The Dow Jones Industrial Average has surpassed the 50,000 points milestone for the first time, indicating strong market performance and investor confidence [1] Company Performance - Nvidia's stock increased by over 7%, reflecting positive market sentiment and strong demand for its products [1] - Caterpillar's shares rose by more than 6%, suggesting robust performance in the industrial sector [1] - Goldman Sachs and JPMorgan both saw their stock prices rise by over 4%, indicating strong financial sector performance [1] - Disney and IBM experienced stock increases of over 3%, highlighting positive developments in the entertainment and technology sectors [1] - UnitedHealth, Walmart, and Cisco all had stock price increases of over 2%, demonstrating resilience in the healthcare, retail, and technology industries [1]

Core Insights - Goldman Sachs is collaborating with technology startup Anthropic to create AI-powered agents that will automate various internal functions within the bank [1] Company Developments - The partnership with Anthropic signifies Goldman Sachs' commitment to leveraging artificial intelligence to enhance operational efficiency [1] - The initiative aims to expand the range of tasks that can be automated, indicating a strategic move towards integrating advanced technology in banking operations [1]

Goldman Sachs is deepening its push into generative AI by building autonomous agents with artificial intelligence startup Anthropic to automate some of the bank's most process-heavy work, reported CNB... ...

Core Insights - Goldman Sachs is collaborating with AI startup Anthropic to develop AI agents aimed at automating various roles within the bank, specifically in trade accounting and client onboarding [1][2] - The development of these agents is in the early stages, with expectations to significantly reduce the time required for these essential functions [2] - CEO David Solomon announced a multi-year plan to reorganize the bank around generative AI, while also aiming to limit headcount growth despite increasing revenues from trading and advisory services [3] Company Developments - Goldman Sachs has embedded engineers from Anthropic to co-develop autonomous agents for specific banking functions [1] - The AI agents are envisioned as digital co-workers for complex and process-intensive roles within the firm [2] - The bank's strategy reflects a broader trend in the investment banking sector, where firms are adapting to advancements in AI technology [3] Market Context - The announcement comes amid significant updates from Anthropic, which have influenced market dynamics, leading to selloffs among software firms and their credit providers [4]

在美股软件股遭遇万亿美元级别的抛售潮后，高盛交易部门观察到市场出现触底信号。该行交易台注意 到，在连续八天的暴跌中，软件ETF的持仓已被大幅清洗，机构投资者开始尝试抄底，这可能标志着本 轮历史性调整接近尾声。 软件股在过去一周暴跌15%，较去年9月高点累计下挫29%。作为市场风向标的IGV软件ETF在其25年历 史中连续两天创下成交量纪录，本周二以来累计成交超过8500万股。高盛交易台活跃度达到8分（满分 10分），机构客户净卖出20亿美元。 尽管抛售仍在继续，但高盛交易部门捕捉到关键转折信号：IGV的流通股份已降至近五年低点，显示卖 盘基本出清。更重要的是，该行衍生品交易台观察到客户开始解除指数对冲头寸，这通常是市场见底的 前兆。机构投资者在周三和周四开始买入IGV，该基金周三流通股份单日增长12%，为2023年以来最大 增幅。 这一交易层面的乐观判断，与高盛策略部门的悲观展望形成鲜明对比，凸显出当前市场对软件行业前景 的分歧。 交易台观察：卖盘枯竭迹象显现 高盛ETF交易台重点关注IGV软件ETF的异常交易活动。该基金本周成为客户获取软件股敞口的主要工 具，ETF交易占整体成交量的37%。截至美东时间上午 ...

Core Viewpoint - Goldman Sachs compares the current software industry to the newspaper industry disrupted by the internet in the early 2000s and the tobacco industry facing regulatory challenges in the late 1990s, indicating a fundamental skepticism about the long-term growth and profitability of the software sector [1][2][3] Group 1: Market Sentiment and Valuation - The software sector has seen a significant decline, with a 15% drop in one week and a cumulative retreat of 29% from its September 2025 peak, driven by fears of AI impacting software business models [5] - The forward P/E ratio for the software sector has decreased from approximately 35 times at the end of 2025 to around 20 times, marking the lowest level since 2014 [7] - Despite the apparent return to rational valuation, the underlying assumptions driving these valuations are collapsing, as the market anticipates significant downgrades in future growth and profitability [8][10] Group 2: Earnings Stability and Historical Comparisons - Historical cases, such as the newspaper industry from 2002 to 2009, show that stock prices did not bottom out until earnings expectations stabilized, not merely when valuations appeared cheap [11] - Similar patterns were observed in the tobacco industry during the late 1990s, where stock prices remained under pressure despite significant valuation compression until regulatory uncertainties were resolved [12] - Goldman Sachs concludes that even if short-term earnings reports show resilience, they do not negate the long-term risks posed by AI [13] Group 3: Investment Shifts and Defensive Sectors - There is a noticeable shift in market preference away from "AI risk" towards sectors perceived as more stable, such as industrials, energy, chemicals, transportation, and banking [14][15] - Hedge funds have significantly reduced their exposure to the software sector, while large mutual funds began systematically underweighting software stocks since mid-last year [15] - Certain sub-sectors, such as vertical software and companies with proprietary data and clear industry barriers, may still offer defensive characteristics against AI disruption [16]

当华尔街开始用"报纸行业"来形容软件股时，市场对AI冲击的恐惧，已经进入一个极端阶段。 据追风交易台，高盛分析师Ben Snider及其团队在最新发布的报告中，罕见地将当前的软件行业，与 2000年代初被互联网颠覆的报纸行业、以及90年代末遭遇监管重锤的烟草行业并列讨论，这种类比本身 就足以说明华尔街对"AI冲击软件商业模式"的定价。 高盛认为，当前估值下跌反映的不是短期盈利波动，而是对软件行业长期增长和利润率是否仍然成立的 根本性怀疑。 高盛提醒，当行业被市场认定面临颠覆性风险时，股价见底取决于盈利预期是否稳定，而非估值是否足 够便宜。 从"AI红利"到"AI威胁"：软件股遭遇集体重估 高盛指出，过去一周，软件股成为AI冲击叙事的"风暴中心"，软件板块一周暴跌15%，较2025年9月高 点累计回撤29%，高盛编制的"AI风险敞口篮子"（GS AI at Risk）年初至今跌幅已达12%。 触发市场情绪转向的直接催化剂，包括Anthropic发布Claude协作插件、以及谷歌Genie 3模型的推出。 在投资者看来，这些进展不再只是"提高生产力"，而是开始直接威胁软件公司的定价权、护城河乃至存 在价值。 高盛 ...

I've been researching companies in-depth for over a decade, from commodities like oil, natural gas, gold and copper to tech like Google or Nokia and many emerging market stocks, which I believe could help me provide useful content for readers. After writing my own blog for about 3 years, I decided to switch to a value investing-focused YouTube channel, where I researched hundreds of different companies so far. I would say my favorite type of company to cover are metals and mining stocks, but I am comfortabl ...