道指涨20.20点，涨幅为0.04%，报50135.87点；纳指涨207.46点，涨幅为0.90%，报23238.67点；标普 500指数涨32.51点，涨幅为0.47%，报6964.82点。 | 美股指数 △ | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 道琼斯工业 | | 纳斯达克指数 | | 标普500 | | | | 50135.87 | | 23238.67 | | 6964.82 | | | | +20.20 +0.04% +207.46 +0.90% | | | | +32.52 +0.47% | | | | < W | | 道琼斯工业平均(DJI) | | | | | | | | 02-09 16:20:01 | | | | | | 50135.87 | | 昨收 | 50115.67 | 成交额 | 0 | | | 20.20 | 0.04% | 中心 | 50047.79 | 成交量 | 0 | | | 上 涨 | 11 | 母 習 | 0 | 下 跌 | 19 | | | 最高价 | 50219.40 | 市盈率 ...

Core Viewpoint - The article highlights a shift in the technology investment landscape, particularly regarding Microsoft's stock valuation compared to IBM, as both companies prepare for significant AI infrastructure spending by 2026 [1][5]. Group 1: Valuation and Market Dynamics - Microsoft's stock is currently cheaper than IBM's, with forward price-to-earnings ratios of 23.0 and 23.7, respectively, marking a valuation inversion not seen since July 2013 [4]. - Major tech companies, including Microsoft, Alphabet, Meta, and Amazon, are expected to collectively spend $650 billion on capital expenditures by 2026, a 60% increase from 2025 and $150 billion above initial average expectations [5][6]. Group 2: Financial Implications and Investor Sentiment - Increased spending by leading tech firms is anticipated to result in more physical infrastructure, higher expenses, reduced free cash flow, and increased debt issuance [5][6]. - Concerns are raised about whether these investments will yield high valuations as they did in the past when business models were less capital-intensive [6]. - Since the earnings report on January 28, Microsoft's stock has dropped nearly 14%, indicating investor dissatisfaction with Azure's revenue growth relative to capital expenditure levels [6]. Group 3: Future Projections and Competitive Landscape - Microsoft is projected to allocate $115 billion for capital expenditures in the 2026 calendar year, but there are doubts about whether IBM can maintain a higher valuation than Microsoft due to similar AI-related challenges [7]. - Among major cloud service providers, Microsoft is expected to be the only one with cash flow exceeding capital expenditures in the 2026 fiscal year [7]. - Analysts express uncertainty about whether Microsoft's current cash levels will be beneficial, suggesting that the company may need to significantly increase capital expenditures to keep pace with competitors like Alphabet and Amazon [7].

U.S. President Donald Trump's administration plans to spare firms such as Amazon , Google and Microsoft from upcoming tariffs on chips as they build AI data centers, the Financial Times reported on Monday, citing people familiar with the matter. ...

Group 1 - Lumentum has secured several hundred million dollars in CPO-related orders, expecting CPO revenue of approximately $50 million in Q4 2026, with a significant surge anticipated in the first half of 2027 [2][3][14] - The CPO supply chain is recommended for attention, including components such as optical engines, FAU, laser ELS, MPO, Shuffle box, and polarization-maintaining fibers [2][13] - The optical fiber industry has shifted to a phase of "tight supply and rising prices," with a focus on companies with optical rod capacity and those with significant or specialty fiber production [5][16] Group 2 - North American CSPs are showing strong growth in capital expenditures, with a total of $127 billion for Q4 2025, representing a 60% year-over-year increase and a 12% quarter-over-quarter increase [6][16] - Amazon, Google, and Meta have optimistic capital expenditure guidance for 2026, with a combined expected spending of approximately $505 billion, a 71% year-over-year increase [6][18] - The AI demand is robust, with Amazon's Q4 2025 capital expenditure at $39.5 billion, a 42% year-over-year increase, and an expected $200 billion in 2026, primarily directed towards AI [17] Group 3 - The domestic AI market is experiencing a "red envelope war," with Alibaba's promotional event generating over 10 million orders in just 9 hours, indicating a significant demand for AI resources [10][19] - By December 2025, the user base for generative AI in China is projected to reach 602 million, with a penetration rate of 42.8%, suggesting substantial growth potential [10][19] - 2026 is anticipated to be a pivotal year for AI applications, driving further growth in computational power and model training [10][19]

（标普500指数日内走势，来源：TradingView） 截至收盘，道琼斯指数涨0.04%，报50,135.87点；标普500指数涨0.47%，报6,964.82点；纳斯达克指数涨0.90%，报23,238.67点。 英伟达和博通周一再次表现突出，分别上涨2.5%和3.3%，延续了前一交易日的涨势。另一家人工智能（AI）概念股甲骨文股价上涨 9.6%。 美东时间周一，三大指数集体收涨， 在科技股的带领下，纳指涨近1%，道指微涨，再创历史新高，标普500指数上涨0.5%，距离历史高点 仅一步之遥。 大型科技股多数上涨 ，英伟达涨2.50%，苹果跌1.17%，微软涨3.11%，谷歌涨0.45%，亚马逊跌0.76%，Meta涨2.38%，特斯拉涨 1.51%，博通涨3.31%，甲骨文涨9.64%，奈飞跌0.89%，AMD涨3.63%。 热门中概股涨跌不一，纳斯达克中国金龙指数涨0.12%，阿里巴巴涨0.30%，京东跌0.21%，拼多多涨0.32%，蔚来汽车跌2.98%，小鹏 汽车跌1.02%，理想汽车跌3.27%，哔哩哔哩跌2.41%，百度涨0.71%，网易涨0.50%，腾讯音乐跌0.43%，小马智行涨3.49%。 ...

科技股全线反攻。 隔夜美股市场，科技股反弹提振市场情绪，纳指大涨近1%，道指再创历史新高。以黄金、白银为首的贵金属 全线大涨，COMEX黄金期货涨超2%，COMEX白银期货大涨8%。 有分析指出，美元持续走弱为风险资产和黄金、白银提供了额外支撑。美东时间2月9日，美元大幅走弱，衡量 美元对六种主要货币的美元指数大跌0.84%，跌破97关口。 对此，美国亚特兰大联储主席博斯蒂克表示，他开 始看到人们对美元信心产生质疑。美联储理事米兰则表示，美元目前的这种程度的下跌，还没有对货币政策产 生实质性的影响。 全线大涨 美东时间2月9日，美股三大指数低开高走，道指再创历史新高，标普500指数逼近历史高点。截至收盘，道指 涨0.04%，标普500指数涨0.47%，纳指涨0.90%。 美股大型科技股多数走强，甲骨文大涨超9%，微软、博通、AMD大涨超3%，英伟达、Meta涨超2%，特斯拉 涨超1%，谷歌小幅收涨；苹果跌超1%，亚马逊小幅收跌。 消息面上，甲骨文大幅飙涨主要受到D.A. Davidson上调评级的提振。D.A.Davidson分析师吉尔·卢里亚认为， 市场对甲骨文的抛售可能已过度。 谷歌母公司Alphabet ...

美股大型科技股多数走强，甲骨文大涨超9%，微软、博通、AMD大涨超3%，英伟达、Meta涨超2%， 特斯拉涨超1%，谷歌小幅收涨；苹果跌超1%，亚马逊小幅收跌。 科技股全线反攻。 隔夜美股市场，科技股反弹提振市场情绪，纳指大涨近1%，道指再创历史新高。以黄金、白银为首的 贵金属全线大涨，COMEX黄金期货涨超2%，COMEX白银期货大涨8%。 有分析指出，美元持续走弱为风险资产和黄金、白银提供了额外支撑。美东时间2月9日，美元大幅走 弱，衡量美元对六种主要货币的美元指数大跌0.84%，跌破97关口。对此，美国亚特兰大联储主席博斯 蒂克表示，他开始看到人们对美元信心产生质疑。美联储理事米兰则表示，美元目前的这种程度的下 跌，还没有对货币政策产生实质性的影响。 全线大涨 美东时间2月9日，美股三大指数低开高走，道指再创历史新高，标普500指数逼近历史高点。截至收 盘，道指涨0.04%，标普500指数涨0.47%，纳指涨0.90%。 消息面上，甲骨文大幅飙涨主要受到D.A． Davidson上调评级的提振。D.A.Davidson分析师吉尔·卢里亚 认为，市场对甲骨文的抛售可能已过度。 谷歌母公司Alphabet计 ...

Group 1: Technology Sector Performance - The technology sector showed signs of recovery, with a 1.5% increase, but remains down 2% over the last 10 days, indicating volatility in the market [1][2][3] - The semiconductor sector performed relatively well, with notable gains: Intel up 18%, ARM up 8%, and Western Digital up 18%, while AMD and Qualcomm saw declines of 14% and 10% respectively [2] - Software stocks faced significant losses, with major players like Microsoft down 12%, SAP and Oracle down 14%, and Atlassian down 34%, suggesting ongoing challenges in this segment [3][14] Group 2: Economic Indicators and Market Reactions - The dollar index showed a decline of 0.8%, indicating potential implications for commodities and stocks, with concerns about interest rates and fiscal sustainability [5][6][8] - Upcoming economic reports, including job market data and consumer inflation, are expected to create volatility, with a medium forecast of 70,000 job creations but a wide range of estimates from -10,000 to 135,000 [29][30] - The Federal Reserve is anticipated to maintain a cautious approach, with expectations of rate cuts later in the year, which could support equity markets [102][104] Group 3: Investment Opportunities in Women's Sports - Ariel Investments Project Level successfully completed a funding round of $250 million, emphasizing the growing commercial viability of women's sports [77] - The investment strategy focuses on building a sustainable ecosystem around women's sports, including teams and related businesses, to enhance profitability and player salaries [86][90] - The ongoing negotiations in women's sports leagues, such as the WNBA, reflect the increasing economic potential and recognition of player value, indicating a shift in the market dynamics [93][95] Group 4: Market Volatility and Technical Analysis - The S&P 500 bounced off the 100-day moving average, indicating a potential recovery, with a focus on breaking the 7,000-point milestone [98][100] - The tech sector's performance is crucial for the S&P's movement, as it has not reached new highs since October, largely due to weakness in software stocks [104][106] - Increased single stock volatility has led to a greater reliance on technical analysis, as price movements deviate from fundamentals, creating opportunities for traders [107][109]

| 美股指数 LA | | | | --- | --- | --- | | 道琼斯 | 纳斯达克 | 标普500 | | 50135.87 | 23238.67 | 6964.82 | | +20.20 +0.04% +207.46 +0.90% +32.52 +0.47% | | | | 中国金龙 | 纳指100期货 | 标普500期货 | | 7817.65 | 25370.25 | 6985.50 | | +9.11 +0.12% | +207.00 +0.82% | +32.75 +0.47% | 美国大型科技股多数在近期人工智能引发的抛售后反弹上涨，美国科技七巨头指数上涨1.02%。个股方面，微软涨超3%，英伟达、脸书涨超2%，苹果跌 超1%，亚马逊跌0.76%，这是亚马逊连续第5个交易日下跌。 个股方面，谷歌美股尾盘微涨0.35%。据智通财经消息，谷歌母公司Alphabet计划通过其美元债券发行筹集200亿美元，规模高于最初预计的150亿美元， 融资加码AI支出。 芯片概念分化，芯片股指数上涨1.9%，甲骨文涨超9%，微软、博通涨超3%，美光科技、闪迪跌近3%。 加密矿企、贵金属、有色金属涨幅居前 ...

The majority of the Magnificent Seven stocks have reported their latest quarterly financial results. Within the results and guidance from the large tech companies come estimates for their 2026 CapEx.Here's a look at just how much four of the largest companies are spending and how it compares to past infrastructure build-outs in American history. • What’s next for META stock?CapEx Spending Could Top $670 Billion in 2026 For Four GiantsHere's the breakdown:Meta Platforms: up to $135 billionAmazon.com: up to $ ...