Meta Platforms on Wednesday hit out at EU antitrust regulators for what it said were "aberrant" requests for information during two investigations four years ago, underscoring the increasing pushback ... ...

Shares of Meta Platforms Inc. (NASDAQ: META) gained 7.19% over the past five trading sessions after losing 4.94% the five prior. ...

For the past few quarters, Alibaba Group Holding Limited ( BABA ) bulls have pointed at the growth of AIDC (Alibaba International Digital Commerce Group) as something that would propel the company's future growth, even as the company wasDecoding markets beyond P/E. As an investor, I either put my money into low cost funds or in single stocks that (I think) are asymmetric bets. My portfolio is roughly 50/50 between the two. I like to write about Macro and Fundamentals, with the (painful) awareness that Momen ...

Core Viewpoint - The article discusses the shifting dynamics in the AI computing market, particularly focusing on NVIDIA's declining dominance as Meta explores alternatives like Google's TPU, indicating a significant change in supplier relationships and market power [4][5][12]. Group 1: Market Dynamics - NVIDIA's stock price fell by 5.5%, resulting in a market cap loss of over $250 billion due to concerns about increased competition from Google [4]. - Meta's consideration of using Google's TPU instead of solely relying on NVIDIA's GPUs signals a shift in the AI landscape, suggesting that the era of exclusive supplier loyalty is ending [5][9][12]. - The article emphasizes that the loyalty of major tech companies is to their own success in the technology race rather than to any single supplier [11][12]. Group 2: Business Implications - The article argues that the perception of NVIDIA as the sole provider of AI computing power is changing, with major players now seeking to diversify their supplier base [12][18]. - Meta's actions are seen as a strategic move to ensure sufficient computing power without being overly dependent on NVIDIA, which could impact NVIDIA's pricing power and profit margins in the long term [18][19]. - The shift from viewing NVIDIA as a "god-like" entity to a more conventional business reflects a broader trend in the industry where companies are preparing for a more competitive environment [13][41]. Group 3: Industry Trends - The article highlights that the AI infrastructure market is experiencing significant capital expenditure growth, indicating a long-term trend rather than a temporary spike [35]. - The emergence of a "computing oligopoly" among top tech companies like NVIDIA, Google, Microsoft, and Meta suggests that smaller players may struggle to compete in this evolving landscape [36][39]. - The narrative around AI is shifting from a speculative bubble to a serious arms race for computing power, with companies investing heavily to secure their positions [25][39].

证券研究报告 | 2025年11月26日 行业下跌 3.40%，跑赢沪深 300，跑赢创业板指。本周（11.17-11.23）传媒 行业下跌 3.40%，跑嬴沪深 300（-5.28%），跑嬴创业板指（-8.80%）。其 中涨幅靠前的分别为宣亚国际、易点天下、福石控股、视觉中国等，跌幅靠 前的分别为三维通信、祥源文旅、广电网络、天下秀等。横向比较来看，本 周传媒板块在所有板块中涨跌幅排名第 6 位。 谷歌推出 Gemini3Pro 和 Nano Banana Pro，蚂蚁灵光上天 4 天下载量突破 100 万。1）谷歌推出 Nano Banana Pro，支持 4K 分辨率、14 对象融合、5 人身份一致性保持，并新增联网搜索与 C2PA 验证功能；2）xAI 公司推出了 Grok4.1，显著降低了生成内容时的幻觉现象，并在基准测试中表现出色；3） 蚂蚁灵光上线 4 天下载量突破 100 万；4）阿里巴巴推出的千问 APP，基于 Qwen3 模型，公测版目前已经上线，旨在与 ChatGPT 展开全面竞争；5）谷歌 推出 Gemini3Pro，在理解复杂主题方面表现出色，支持文本、图像、视频、 音频和 PDF ...

美国科技媒体《The Information》引述消息人士报导，互联网搜索引擎巨头谷歌（Google）自 家研发的张量处理器（Tensor Processing Unit，TPU）芯片获社交媒体平台巨头Meta计划大量 采用，可能会威胁人工智能（AI）芯片龙头英伟达（Nvidia）构成直接竞争。 英伟达对此作出信心喊话，称其图形处理器（GPU）芯片技术仍领先业界一代。 谷歌正在和Meta洽谈的潜在芯片供应交易，预料价值数十亿美元。如果这项交易最终成事，对 Meta 而言，是解决其过度依赖单一供应商（即英伟达）的战略部署。 TPU和GPU的差别 TPU和GPU技术在 AI 运算中的角色与定位截然不同。GPU 最初是为了加速游戏图像渲染与视觉 特效而设计，强调大量平行处理能力。当机器学习兴起时，业界发现 GPU 非常适合 AI 模型训 练 所需的大 规 模 运 算 ， 因 而 从一跃成为 AI 运 算 的 主 流 芯 片 。 TPU 则 属 于 特 定 应 用 积 体 电 路 （ASIC），从研发之初便带有单一目的，亦即专门用于加速神经网路运算中最核心的大规模矩 阵乘法。 如果您希望可以时常见面，欢迎标星收藏哦~ ...

Investors who don't own these seven stocks are almost certainly underperforming the broader market.The term "Magnificent Seven" was coined by Wall Street in 2023 to describe a group of seven innovative technology companies that are leading the way in areas like artificial intelligence (AI), cloud computing, semiconductors, social media, electric vehicles (EVs), and more. They are worth a combined $20.6 trillion, and they have a habit of delivering blistering returns for investors. In fact, the Magnificent S ...

意大利反垄断机构认为，该合同条款的修改可能限制AI聊天机器人服务市场的生产、销售渠道或技术 发展，损害消费者利益，并可能构成对《欧盟运作条约》（TFEU）第102条的潜在违反。"元"公司的这 一违规行为可能对市场的竞争性造成严重且不可逆的损害。 （文章来源：央视新闻） 当地时间11月26日，意大利反垄断机构竞争与市场管理局发布公告称，美国"元"公司（Meta）于今年10 月15日在WhatsApp商业解决方案条款中引入的合同条款，以及在WhatsApp中新增的互动工具和功能整 合，会将AI聊天机器人服务市场的竞争对手排除在WhatsApp平台之外。 ...

受此消息影响，英伟达股价下跌 3%；Alphabet则逆市上涨1.6%，市值逼近4万亿美元关口 。 若交易落地，谷歌战略上直接对标英伟达占据逾90%份额的AI加速市场 。 【环球网科技综合报道】11月26日消息，据businesstimes、CNBC和The Information等多家外媒报道称， Meta正与谷歌母公司Alphabet洽谈一项金额或达数十亿美元的协议，计划在自有数据中心部署谷歌自研 AI芯片TPU。 英伟达发布声明强调"我们对谷歌的成功感到非常高兴——他们在人工智能领域取得了巨大进步，我们 将继续为谷歌提供技术支持。英伟达领先业界一代——它是唯一能够运行所有人工智能模型，并且适用 于所有计算环境的平台。" （青云） 谷歌方面回应，公司"对定制TPU和英伟达GPU的需求均在加速增长"，将继续双轨支持。 ...

Italy's antitrust authority, AGCM, said on Wednesday that it has expanded the investigation into Meta Platforms (META) concerning allegations that the company abused its dominant position using AI tools on WhatsApp. The investigation began in July 2025 and now will ...