Market Outlook - Wall Street is optimistic about the stock market heading into 2026, following record highs for the S&P 500 and Dow coinciding with a Federal Reserve interest rate cut [1] - The Fed's upward revision of GDP to 2.3% for 2026 is expected to lead to increased revenue, higher profit margins, and earnings growth, fueling bullish price targets [3] Analyst Predictions - Veteran strategist Ed Yardeni predicts the S&P 500 could reach 7,700, raising the probability of his "Roaring 2020s" scenario to 60% due to tax benefits and an AI-driven tech boom [4] - Oppenheimer has set a 2026 target for the S&P 500 at 8,100, attributing this to shifts in monetary and fiscal policy [4] - UBS strategists have a December 2026 target of 7,700, citing resilient economic growth, Fed rate cuts, and a boom in AI investment spending [5] Earnings Growth - Goldman Sachs analysts forecast S&P 500 earnings growth of over 12% in 2026, compared to a Street consensus of 14% [5] - The largest seven stocks in the index, including Nvidia, Apple, and Microsoft, account for about a quarter of the index's earnings, but Goldman expects broader participation in earnings growth [6] - Macro tailwinds from accelerating economic growth and a fading tariff drag on margins are anticipated to support an acceleration in earnings growth for the remaining stocks [6]

中经记者 曲忠芳 北京报道 人工智能在2025年以海啸般的力量席卷全球，无论各个行业领域，还是组织与个体，都被卷入到前所未 有的技术、资本、产业、应用、监管等加速度中。而临近2025年年末，"AI泡沫论"甚嚣尘上——火爆发 展的AI是否存在泡沫？AI泡沫会否破灭？来自投资界、学术界、产业界各路人士纷纷加入讨论中。 从全球科技竞争格局来看，AI已不仅是一项主流的技术，而是决定未来产业结构与市场格局的基础设 施。在这场革命中，被业界冠以"壮丽七巨头"（Magnificent Seven）统称的美股七大科技巨头——英伟 达、苹果、谷歌母公司Alphabet、亚马逊、脸书母公司Meta、特斯拉，无疑是关键且极具战略张力的力 量，它们从算力设施、大模型到硬件终端、生态战略不断加码下注，助推了AI的火爆态势。《中国经 营报》记者希望从战略定位、资本开支、商业化逻辑等多维度来解构2025年美股七大科技巨头的AI竞 赛，并试图较清晰地呈现科技巨头的AI战略布局与增长押注。 英伟达作为"卖铲子的人"，资本支出远低于其他几家巨头公司，但也呈现增长扩大的趋势。该公司在 2025财年（截至2025年1月31日）的资本支出金额约32亿 ...

【#微软CEO谈硅谷人才争夺战#，称不跟风Meta高薪挖人】#微软CEO称不跟风Meta高薪挖人# 苏莱曼表示，自己此前在 DeepMind 任职时对新员工的招聘就"非常挑剔"。如今在微软，他采取"渐进 式"招聘策略，优先考虑那些契合团队文化、具备所需技能的候选人，并果断淘汰不符合要求的人员。 在硅谷，顶尖 AI 人才的薪酬已达到数百万美元级别。今年 6 月，Meta 斥资 143 亿美元投资 Scale AI， 这笔交易被广泛视为对该公司首席执行官亚历山大・王（Alexandr Wang）的"并购式招 聘"（acquihire）。谷歌也采取了类似举措，以 24 亿美元收购了 AI 编程平台 Windsurf 的核心团队。 OpenAI 首席执行官萨姆・奥尔特曼（Sam Altman）曾透露，Meta 曾试图用 1 亿美元签约奖金挖走其员 工；对此，Meta 首席技术官安德鲁・博斯沃思（Andrew Bosworth）回应称，OpenAI 后来也曾提出类 似的报价。 微软人工智能部门首席执行官穆斯塔法・苏莱曼（Mustafa Suleyman）在彭博播客（Bloomberg Podcasts）中表示，他并不打 ...

编辑：艾伦 【导读】 扎克伯格的「元宇宙」执念终于向现实低头，Meta计划削减该部门人力，将资源全面倾 斜至销量意外火爆的AI智能眼镜。在Reality Labs四年烧掉700亿美元后，伴随着竞争对手的退 潮，Meta决定不再死磕笨重的VR头显。为了打赢这场新的战役，扎克伯格甚至挖来了前苹果资 深设计师，试图让可穿戴设备真正成为时尚单品。 扎克伯格宏大的「元宇宙」愿景，正式宣告大败局。 据三位知情人士透露，Meta正在酝酿对其Reality Labs（现实实验室）旗下的元宇宙相关部门进行 裁员。 这把「手术刀」最早可能在下个月落下，预计将波及该部门10%到30%的员工。 该部门主要负责VR头显以及基于VR的社交网络开发。 尽管具体的裁员人数仍在变动中，但这无疑是一个明确的信号。 需要厘清的是，Meta并没有打算彻底放弃建造元宇宙的梦想。 与其说是撤退，不如说是一次战略资源的「乾坤大挪移」：高管们计划将节省下来的资金，从单纯的 VR领域，转移到目前势头更猛的AR眼镜和可穿戴设备上。 Meta发言人Nissa Anklesaria在一份声明中证实了这一动向： 「鉴于目前的发展势头，我们正在调整Reality La ...

在播客访谈中，苏莱曼提及Meta为吸引人才所采取的激进薪酬策略时直言不讳。Meta为工程师开出高 达1亿美元的签约奖金，为顶级AI研究人员更是抛出2.5亿美元的薪酬方案。对此，苏莱曼表示："我认 为没有人能拿出与之相当的条件。"他进一步指出，Meta首席执行官马克·扎克伯格采取的是一种特殊方 式，即大量雇佣人员，而非精心组建一个精干高效的团队，"我真的不认为这是正确的做法"。 苏莱曼有着自己的人才招聘理念，这源于他过往的从业经验。他提到，此前在DeepMind任职期间，对 于新员工的招聘就秉持"非常挑剔"的态度。如今转战微软，他延续并优化了这一理念，采用"渐进式"招 聘策略。该策略的核心在于，优先考虑那些与团队文化高度契合，并且具备岗位所需专业技能的候选 人。苏莱曼强调，对于不符合要求的人员，会果断淘汰，以此确保团队的整体质量和高效运作。（青 山） 【环球网科技综合报道】12月14日消息，微软人工智能部门首席执行官穆斯塔法・苏莱曼（Mustafa Suleyman）在彭博播客（Bloomberg Podcasts）中透露，他无意通过提供天价薪酬的方式，与Meta等科 技巨头在人才争夺战中一较高下。 ...

Investment Rating - The report maintains a "Weaker than the market" investment rating for the U.S. stock market [4]. Core Insights - The overall market is being dragged down by the technology sector, with the S&P 500 declining by 0.6% and the Nasdaq by 1.6% this week [1]. - Small-cap value stocks outperformed large-cap value and growth stocks, indicating a shift in investor preference [1]. - 14 sectors saw gains while 10 sectors experienced declines, with insurance and consumer services leading the gains [1]. Summary by Sections 1. Market Performance - The S&P 500 closed at 6,827, down 0.6% for the week, while the Nasdaq Composite fell 1.6% [11]. - Small-cap value (Russell 2000 Value) increased by 2.0%, outperforming large-cap growth (Russell 1000 Growth), which decreased by 1.6% [1]. 2. Fund Flows - The estimated fund flow for S&P 500 constituents was -$72.0 billion this week, a significant drop from the previous week's +$71.8 billion [2]. - Key sectors with inflows included capital goods (+$10.9 billion) and consumer services (+$3.9 billion), while semiconductor products saw the largest outflow at -$61.9 billion [2]. 3. Earnings Forecast - The earnings per share (EPS) forecast for S&P 500 constituents was adjusted upward by 0.4% this week, following a 0.3% increase last week [3]. - Notable upward revisions were seen in the semiconductor sector (+2.2%) and materials (+0.6%), while energy saw a downward revision of -0.5% [3]. 4. Valuation Levels - The report indicates a mixed valuation landscape across sectors, with some sectors like semiconductors showing strong growth potential while others like telecommunications are underperforming [18].

this is insanesignüll (@signulll):a long time ago facebook like in 2008 implemented a facebook app that translated the entire site into hundreds of languages by outsourcing the translation to its users. it instantly made the site accessible to every country.now meta ai can translate any video to any language & https://t.co/HlzstL96gf ...

RT signüll (@signulll)a long time ago facebook like in 2008 implemented a facebook app that translated the entire site into hundreds of languages by outsourcing the translation to its users. it instantly made the site accessible to every country.now meta ai can translate any video to any language & sync any mouth movements too. it looks insanely natural. holy shit.this makes content inventory on instagram & facebook infinitely scalable, global, & feel native. profound change for the supply side along with p ...

Core Viewpoint - The Magnificent Seven stocks are highlighted as significant components of the S&P 500, indicating their prominence and influence in the market [1] Group 1 - The Magnificent Seven stocks are among the most storied members of the S&P 500, suggesting a long-standing reputation and historical performance [1]

Core Insights - Meta Platforms, Inc. is perceived as largely unaffected by Federal Reserve rate cuts, with the company's stock performance being more tied to its earnings reports than macroeconomic factors [1] - The company is reportedly increasing prices for its AI products, indicating a potential for improved revenue streams [1] - CEO Mark Zuckerberg is actively recruiting top talent from competitors, particularly Apple, which may enhance Meta's competitive position in the industry [2] Company Overview - Meta develops a range of social media and communication products, including Facebook, Instagram, Messenger, Threads, and WhatsApp, as well as virtual and augmented reality technologies [2] - The company is noted for its aggressive talent acquisition strategy, which is seen as a move to build a strong executive team [2] Investment Perspective - While Meta is recognized for its potential, there are suggestions that other AI stocks may offer better upside potential with lower risk [3]