Key Takeaways MSFT slid about 14% since Q2 results, despite beating revenue and EPS estimates on strong 17% sales growth.Microsoft Cloud hit $51.5B, but margins fell near 68% as heavy AI spending and capacity limits weighed.MSFT commercial bookings surged to 230%, with remaining performance obligation rising to $625B.Microsoft (MSFT) shares have experienced significant turbulence following the company's second-quarter fiscal 2026 earnings release on Jan. 28, losing approximately 14% from their pre-earnings ...

华尔街最受关注、能推动市场走势的研究报告现已汇总于此。以下由 The Fly 整理的今日投资者需重点 关注的分析师评级调整。 五大上调评级 五大下调评级 五大首次覆盖评级 五大上调评级 五大下调评级 五大首次覆盖评级 1. B． Riley：将 Snap（SNAP）评级从中性上调至买入，目标价维持10 美元不变。四季度财报发布 后，该机构发现 Snap 多项核心举措已现积极进展，包括高端订阅收入持续强劲增长，以及高利润 率广告形式的落地推广。 2. Seaport Research：将 FuboTV（FUBO）评级从中性上调至买入，目标价3 美元。迪士尼（DIS） Hulu Live 与 FuboTV 合并后的首个季度财报发布后，该股大幅下跌，但该机构认为，当前不确定 性下，这一调整反而带来了优质投资机会。 3. Wolfe Research：将 Zoom 通讯（ZM）评级从同业表现上调至跑赢大盘，目标价115 美元。该机 构认为，公司增长有望重新加速，同时看好其合同中心与电话业务的强劲表现，以及新兴语音人 工智能业务的上行空间。 4. Jefferies：将塞拉尼斯（CE）评级从持有上调至买入，目标价从43 ...

Microsoft stock (NASDAQ: MSFT) fell 3.5% on Thursday, extending a post-earnings slide that began late last week and gathering fresh momentum as investors turned sharply more cautious. The move did not... ...

【导读】全线暴跌 一起看看发生了什么事情。 2月6日晚间，全球市场大溃败，美股三大指数大跌，道指跌约600点，纳指跌近2%。 | 48916.31 | 2 | And Comments of the Comments of 22506.90 2 | 6790.03 2 | | --- | --- | --- | --- | | 道琼斯指数 -1.18% | | 纳斯达克综合指数 -1.74% | 标普500指数 -1.35% | 科技股集体下跌。 | 了 筛选 | 最新价 = | 涨跌幅 = □ | | --- | --- | --- | | 高通 | 137.61 | -7.58% | | us QCOM | | | | 甲骨文 | 140.00 | -4.55% | | US ORCL | | | | 谷歌-C | 318.32 | -4.51% | | us GOOG | | | | 亚马逊 | 222.79 | -4.38% | | US AMZN | | | | 赛富时 | 191.47 | -4.00% | | US CRM | | | | 美国超威公司 | 192.70 | -3.74% | | ...

Well, you yeah, you you said I mean we were talking earlier as well in our show. It's insane. I mean, it's like a nation state masquerading as a company at this point.But that said, I did go back and look at sort of the capex spent for the oil companies in 2013 or the telecom companies in 2000 and as a percent of income or revenues, however you want to slice it. This number doesn't come in as an outlier. It's sort of right in line with what we saw at peak spending in those cycles as well, Brent.Yeah, I'm no ...

在AI焦虑情绪推动下，软件板块近期经历历史性抛售。Wedbush指出，衡量软件行业表现的IGV指数年 初至今已下跌约18%，而同期标普500指数基本持平，软件板块市值蒸发超过3000亿美元，反映出市场 正在为该行业定价最坏情形。 报告指出，市场最大的担忧在于，AI可能侵蚀传统"按席位收费"的SaaS模式。尤其是在Anthropic近期推 出多款可自动化高价值工作的AI工具后，涵盖法律、销售、市场营销等领域，引发投资者对软件行业 商业模式的广泛恐慌。此外，AI助手OpenClaw等可跨操作系统和应用自动执行任务的新产品，也被视 为对企业软件厂商构成潜在威胁。 与此同时，企业IT预算向AI领域倾斜，也加剧了市场悲观情绪。Wedbush援引调研称，约80%的CIO目 前将AI和机器学习作为优先事项，这引发了市场对"软件预算被AI挤压"的担忧。但Ives团队认为，这种 预算重配并不意味着传统软件被淘汰，反而会强化头部平台的地位。 智通财经APP获悉，在人工智能快速发展的背景下，美股软件板块近期遭遇大幅抛售，但华尔街投行 Wedbush并不认同市场的悲观定价。Wedbush在最新报告中指出，当前市场正在为软件行业"过度 ...

消息面上，美国12月职位空缺意外降至2020年以来最低水平，裁员人数小幅上升，进一步显示企业用工 需求疲软。劳工统计局周四数据显示，12月职位空缺数从11月下修后的693万个降至654万个，低于市场 预期。职位空缺的回落主要来自专业与商业服务业以及零售业，而裁员增加则反映出运输和仓储行业的 裁员规模扩大。招聘人数有所上升，但整体仍处于低位。数据表明，企业在评估自身用工规模和经济活 动前景时，仍对招聘节奏保持谨慎。 此外，有关全球股票市场的"软件股末日"(Software-mageddon)这一悲观叙事论调，正在滚雪球般发酵。 对冲基金正在加大对软件股的做空力度，成为今年以来该领域遭遇惨烈抛售的推手之一; 金融分析公司 S3 Partners的数据显示，对冲基金2026年以来已通过做空软件股斩获240亿美元的收益; 同期美股软件行 业总市值蒸发了1万亿美元。 智通财经APP获悉，周四，美股三大指数集体低开，纳指跌幅扩大至1.6%，明星科技股普跌，谷歌 A(GOOGL.US)、亚马逊(AMZN.US)跌超4%，特斯拉(TSLA.US)、微软(MSFT.US)、美国超微公司 (AMD.US)跌超3%，英伟达(NVD ...

北京时间2月5日晚，美股三大指数低开，截至发稿前，道指下跌0.43%，纳指下跌0.52%，标普500指数下跌0.50%。 现货黄金、白银下跌，截至发稿，现货黄金下跌3.18%，现货白银下跌15%。 | | 伦敦金现 00 AUUSDO 责 | | | --- | --- | --- | | 4851.800 | 5020.070 昨收 4783.150 买价 | 5010. 4851.1 | | -159.130 -3.18% 开 | 5011.070 卖价 | 4853.4 | | 同花顺黄金 2 | 银行金价 1089.05 -1.94% | | | 相当 ETE の | TIn L 塩 S ETE - Z 160/ / | | | 布伦特原油主连， | | | | | --- | --- | --- | --- | | BRNOW 外期 延時 | | | | | 68.95 振幅 67.67 | 回应 | 2.51% 量 19.05 | | | 67.21 昨结 | ਜ਼ਿੰ | 69.46 持仓 60.78 | | | -1.79 -2.58% 开 68.52 今结 | | 日増 +85 | | | ...

Core Insights - Major cloud providers are significantly increasing their investments in AI infrastructure, with combined capital expenditures projected to rise from approximately $150 billion in 2022 to over $360 billion by 2025, while their average return on invested capital (ROIC) has improved by over 900 basis points during the same period [1] - The infrastructure investments have not negatively impacted profitability; instead, they have coincided with improved returns, driven by full utilization of new compute infrastructure and strong cloud revenue from enterprise customers [1] - AI infrastructure is enhancing internal operations, with companies like Meta reporting billions in incremental revenue from AI-driven ad targeting and placement [1] AI Spending and Fund Access - The Alger 35 ETF (ATFV) offers investors exposure to the efficiency trends in AI infrastructure, holding positions in key companies such as Nvidia, Microsoft, and Alphabet [1] - The fund targets approximately 35 U.S. companies identified through fundamental research as having promising growth potential, focusing on highly disrupted market segments [1] - ATFV achieved a return of 37.46% in 2025, outperforming the S&P 500 Index, and was recognized as one of the top-performing stock ETFs of the year by Morningstar [1]

Core Insights - Wall Street is experiencing skepticism towards software stocks, with a recent phase of panic leading to significant selloffs across the sector due to fears that AI could disrupt SaaS business models [1][3] Market Performance - The S&P 500 software and services index declined approximately 4% on Tuesday and another 0.73% on Wednesday, resulting in a total loss of about $830 billion in market value since January 28 [2] - The S&P North American Software Index has fallen for three consecutive weeks, ending January down 15%, marking its steepest monthly decline since October 2008 [5] Company-Specific Developments - The launch of Anthropic AI's productivity tool for in-house lawyers intensified market anxiety, leading to a selloff in legal software and publishing stocks, affecting companies like London Stock Exchange Group Plc and Thomson Reuters Corp [3][4] - Microsoft reported solid earnings but faced investor concerns due to slowing cloud growth and rising AI spending, resulting in an 11% decline in its stock over the past month [6] Investor Sentiment - Amid the selloff, some investors are viewing the situation as an opportunity, with funds like Sycomore Sustainable Tech adding Microsoft shares, betting on its potential as an AI leader [7] - Microsoft is currently trading at under 23 times forward earnings, its lowest valuation in approximately three years, indicating oversold conditions in the software index [7] Investment Strategies - Inverse exchange-traded funds (ETFs) such as Tradr 1X Short Innovation Daily ETF (SARK), ProShares Short QQQ (PSQ), and ProShares UltraShort QQQ (QID) are highlighted as potential hedging options during the ongoing tech market weakness [10][11][12][13][14]