新闻精要 1. 李强主持召开国务院常务会议，研究促进有效投资 政策措施等 2. 八部门加强监管 遏制虚拟货币等风险 国内市场综述 震荡整理 缩量回调 周五（2 月 6 日）大盘震荡整理，缩量回调。截至收 盘，上证综指收于 4065.58 点，下跌 0.25%；深成指 收于 13906.73 点，下跌 0.33%；科创 50 下跌 0.71%； 创业板指下跌 0.73%，万得全 A 成交额共 21635 亿元， 较前一日略有下降。 行业方面，30 个中信一级行业有 9 个上涨，其中石油 石化、基础化工、电力设备及新能源涨幅居前，而食 品饮料、国防军工及通信则跌幅较大。概念方面，锂 电电解液、锂电负极及动力电池等指数表现活跃。 海外市场综述 美国三大股指全线收涨，英伟达涨近 8% 周五（2 月 6 日），美国三大股指全线收涨，道指涨 2.47%，标普 500 指数涨 1.97%，纳指涨 2.18%。英伟 达涨近 8%，市值增加 3250 亿美元，卡特彼勒涨超 7%， 领涨道指。万得美国科技七巨头指数涨 1.02%，特斯 拉涨超 3%，微软涨近 2%。纳斯达克中国金龙指数涨 3.71%，世纪互联涨超 10%，陆控涨 ...

Group 1 - The global top four Cloud Service Providers (CSPs) will invest an additional $660 billion in AI infrastructure this year, an increase of nearly $200 billion compared to last year [1][3] - Despite concerns about an "AI bubble," major companies continue to increase their investments, with Samsung Electronics and SK Hynix expected to be significant beneficiaries [1] - Amazon's latest financial report indicates an AI investment budget of $20 billion this year, a substantial increase from the previously forecasted $14.46 billion, representing a 60% year-over-year growth [3] - Meta plans to invest up to $13.5 billion in AI devices this year, a 74% increase compared to last year [3] - Google and Microsoft have announced investment plans of $18.5 billion and $14 billion respectively, both showing significant year-over-year growth [3] - The total investment scale of the four major CSPs this year is $66 billion, a 65% increase from last year's $40 billion [3] - The accelerated investments by CSPs are expected to catalyze the performance of storage manufacturers [3]

责任编辑：李思阳 此前消息，1月19日，微软小英发文表示，因项目调整，"微软小英"公众号将于 2026年1月22日 起正式 停止所有内容的更新与运营。 资料显示，微软小英由微软亚洲研究院推出的智能英语学习应用。微软亚洲研究院成立于1998年，是微 软公司在亚太地区设立的研究机构，在北京、上海、温哥华、东京、新加坡、香港和首尔设有实验室及 研究岗位。 责任编辑：李思阳 此前消息，1月19日，微软小英发文表示，因项目调整，"微软小英"公众号将于 2026年1月22日 起正式 停止所有内容的更新与运营。 资料显示，微软小英由微软亚洲研究院推出的智能英语学习应用。微软亚洲研究院成立于1998年，是微 软公司在亚太地区设立的研究机构，在北京、上海、温哥华、东京、新加坡、香港和首尔设有实验室及 研究岗位。 ...

大型科技企业今年资本支出计划的大幅增长，几乎会耗尽亚马逊、谷歌和 Meta Platforms 的自由现金 流。这将迫使其中一些公司做出艰难抉择，比如是否停止股票回购或增加借款。 好消息是，这些大型科技公司都有能力比当前多借数千亿美元的资金。 近年来，大多数大型科技公司已开始通过派发股息和回购股票的方式向股东返还现金。例如，谷歌和 Meta 平台都采用这两种方式。但今年这种做法可能难以持续， 因为旨在扩大人工智能计算能力的资 本支出几乎完全耗尽了它们运营所产生的现金流。 （见上图） 谷歌和 Meta 已经开始缩减股票回购规模。然而，停止派息可能较为棘手，因为这两家公司均在 2024 年才推出股息支付计划，这使得它们的股票对投资者更具吸引力。 尽管微软可能产生大量自由现金流，却面临着其他公司没有的制约因素 ——即更庞大的股息支付承 诺。上一财年微软支付了 240 亿美元股息，且今年已将股息上调 10% 。 亚马逊不会面临同样的问题，因为它自 2022 年以来就没有回购过股票，也从未支付过股息 。但根据 标普全球市场财智的数据，其今年预计的 2000 亿美元资本支出，将超过分析师估计的 1780 亿美元运 营现金 ...

"过去，创始人对自己的公司忠心耿耿。如今，只要价钱合适，任何人都可以被挖走。" 前几天，WIRED的标题吓到了我—— 硅谷的忠诚已死！ 仔细一瞅，说的很有道理：历数2025年年中到现在，硅谷已经发生了至少三起重大的"收购式招聘"事件—— 2025年6月，Meta向Scale AI投资143亿美元，挖走其联合创始人Alexandr Wang； 2025年7月，谷歌斥资24亿美元获得Windsurf的技术授权，将其联合创始人Varun Mohan及研究团队并入 DeepMind； 2025年12月，英伟达与Groq达成价值200亿美元的授权协议，将其核心推理技术、 创始人兼CEO Jonathan Ross 及多名核心高管统统打包带走。 前不久，OpenAI又从Mira Murati那里挖回来几名离职加入Thinking Machines Lab的研究人员，更别提小扎一直想从OpenAI挖人，而微软也带走过超过二 十名谷歌DeepMind的研究人员。 第二种比较常见的情况是公司被收购，人也得跟着挪位置。这就不得不提到硅谷各大AI巨头现在最流行的玩法：Acqui-hire（人才收购），买人才送公 司。 巨头的"天价 ...

IT之家 2 月 8 日消息，据 Windows Central 今日报道，《守望先锋》在 Steam 上的 PC 玩家热度出现明显回升，并创下了自该游戏登陆 Steam 以来的最高同 时在线人数峰值，甚至在短期内压过《使命召唤》《战地 6》一头。 | 33. | DayZ | 59,412 | | --- | --- | --- | | 34. | VRChat | 57,032 | | 35. | Hearts of Iron IV | 56,420 | | 36. | Tom Clancy's Rainbow Six® Siege X | 56,182 | | 37. | ELDEN RING NIGHTREIGN | 56,031 | | 38. | Euro Truck Simulator 2 | 54,349 | | 39. | Overwatch® 2 | 54,052 | | 40. | Palworld | 53,068 | | 41. | Battlefield™ 6 | 52,630 | | 42. | Call of Duty® | 50,533 | | 43. | R.E.P.O. ...

Core Insights - The software industry is experiencing a significant downturn, with major companies facing massive sell-offs and a loss of nearly $300 billion in market value, approaching a trillion dollars when including losses in Europe and Asia [6][7][8] - The panic in the market is driven by the realization that traditional software may no longer be necessary, as AI technologies are emerging that can automate tasks previously performed by software [9][12][36] - Goldman Sachs is at the forefront of this shift, utilizing AI to automate accounting processes, which raises concerns about job losses in the finance sector [13][14] Group 1: Market Impact - Major software companies like Salesforce, Adobe, and Oracle are being heavily sold off, indicating a loss of confidence in their future profitability [6][7] - The term "SaaSpocalypse" has been coined to describe the potential collapse of the SaaS business model as AI agents can perform tasks without the need for traditional software [36][39] - The market is reacting to the fear that AI could replace many entry-level positions in accounting and compliance, leading to a significant restructuring in the workforce [14][36] Group 2: AI Integration - Goldman Sachs has developed AI systems that can handle complex tasks in accounting and compliance, which traditionally required significant human labor [13][14] - OpenAI is also rapidly advancing its AI capabilities, with tools like Codex taking over substantial coding responsibilities, indicating a shift in how software development is approached [17][20] - The integration of AI into business processes is expected to create a new paradigm where software is not just a tool but an integral part of operational workflows [39][41] Group 3: Future Outlook - Experts predict that while not all software will disappear, many superficial applications will lose their value as AI becomes capable of performing their functions [38][39] - The future of software may involve a combination of robust data systems and flexible AI agents, transforming the role of humans from operators to overseers [39][41] - The current upheaval in the software industry is seen as a necessary evolution rather than an end, with potential for new opportunities and innovations to emerge [41][45]

| 指数 | 收盘 | | 涨跌（％） | | | --- | --- | --- | --- | --- | | 名称 | （点） | 1 日 | 5 日 | 1 月 | | 上证指数 | 4066 | -0.25 | -0.44 | -1.27 | | 深证综指 | 2650 | -0.04 | 1.21 | -1.27 | | 风格指数 (％) | 昨日 | 近 1 个月 | 近 6 个月 | | --- | --- | --- | --- | | 大盘指数 | -0.59 | -3.66 | 12.69 | | 中盘指数 | -0.12 | 2.43 | 27.18 | | 小盘指数 | -0.09 | 3.15 | 20.55 | | 涨幅居前 行业(％) | 昨日 | 近 1 个月 | 近 6 个月 | | --- | --- | --- | --- | | 油服工程 | 3.75 | 25.48 | 31.12 | | 饰品 | 3.1 | 14.09 | 4.75 | | 化学纤维 | 2.71 | 4.23 | 24.5 | | 化学制品 | 2.63 | 6.2 | 24.95 | | 电 ...

Terry Smith’s Fundsmith reported an equity portfolio of approximately $19–20 billion in the latest quarter, continuing its trademark approach: a concentrated collection of high-quality, global consumer and technology franchises with strong pricing power and high returns on capital. While the overall structure of the portfolio remains stable, last quarter shows meaningful trims in several mega-cap technology positions, alongside selective adds to existing compounders.Fundsmith remains willing to rebalance po ...

Core Viewpoint - The launch of single-stock leveraged ETFs presents both opportunities for speculators and risks for uninformed investors [1] Group 1 - Single-stock leveraged ETFs can amplify returns, making them attractive to traders looking for high-risk, high-reward scenarios [1] - These financial instruments can also lead to significant losses, particularly for those who do not fully understand their mechanics [1] - The market reaction to the introduction of these ETFs can be volatile, impacting stock prices and investor sentiment [1]