Market Analysis by covering: Microsoft Corporation, Alphabet Inc Class A, Amazon.com Inc, Meta Platforms Inc. Read 's Market Analysis on Investing.com ...

转自： 新智元 【导读】 深夜，GitHub官宣大变身！全球两大编程AI Claude和Codex集体入驻，再加上Copilo t，正式开启AI编程「三足鼎立」的时代。三个「AI码农」集体卖命，人类开发者狂喜。 GitHub要变天了！ 凌晨，微软GitHub宣布重磅更新： 正式集成全球「最强编程大脑」——Claude和Codex 。 地表最强编程三剑客——Copilot、Claude、Codex，终于迎来史诗级合体！ 开发者只需一个指令， 三个AI任你差遣 ，瞬间完成编码、修Bug、提交PR等复杂任务。 这标志着，GitHub正从一个单纯的代码托管平台，进化为多智能体协同的「AI战场」。 微软这一步棋，是希望通过GitHub，让AI智能体成为开发者们原生的核心配置。 2023年，GitHub开发者数量突破1亿大关，如今平台有超1.8亿人 目前，订阅Copilot Pro+、Copilot Enterprise，今天就可以抢先体验。 评论区下方，开发者们纷纷欢呼，「同一时间可以让三个顶级AI为自己打工了」。 这一切，都通过一个「指挥中心」Agent HQ实现 。软件开发中，最耗神的就是「上下文切换」。 如今通过 ...

谷歌母公司字母表在2025年的年营收首次突破4000亿美元，并实现1320亿美元的利润。然而，该公司计 划将资本支出翻倍至1850亿美元，依然致其股价承压。 市场大幅波动也让美国芯片制造商英伟达的股价面临考验。英伟达预计本月晚些时候公布财报。阿尔伯 特桥资本公司创始人德鲁·迪克森说，此前仅凭资本支出就能引发市场兴奋，现在人们更希望看到资本 支出转化为实际营收增长。（卜晓明） 这是2022年1月18日在美国纽约证券交易所外拍摄的华尔街路牌。新华社发（郭克摄） 美国联博资产管理公司一基金负责人吉姆·蒂尔尼说："资本支出规模令人咋舌。"即使这些公司年度总 营收增长14%至1.6万亿美元，也难以支撑如此大规模支出。 亚马逊股价5日在盘后交易时段下跌11%。该公司宣布今年资本支出将达到2000亿美元，比预期高500亿 美元，甚至超过谷歌和微软。亚马逊首席执行官安迪·贾西说，如此巨额的投资是公司在AI、芯片、机 器人和卫星领域大发展所必须的。 微软股价受冲击最大，自1月28日公布财报以来已下跌18%。市场对其数据中心单季支出飙升66%有所 反应。此外，微软首次披露，在其未来总额达6250亿美元的云服务合同中，有45%来自 ...

Core Viewpoint - Concerns over growth and weak labor market data have led to significant declines in the U.S. stock market, with the S&P 500 index turning negative for the year [2][3][4]. Group 1: Market Performance - The Dow Jones Industrial Average fell nearly 600 points, a decline of approximately 1.2% [3]. - The S&P 500 index also dropped by 1.2%, marking a year-to-date downturn [3]. - The Nasdaq Composite Index decreased by 1.6%, continuing its most severe decline since April of the previous year [4]. Group 2: Sector Performance - Technology stocks and speculative bets on Wall Street experienced renewed declines, with the information technology sector of the S&P 500 falling by 1.7% [4]. - Software stocks saw significant drops, with Microsoft down 5% and Salesforce down 4.7% [4]. - The consumer discretionary sector faced severe losses, with DoorDash down 6.1% and both Lululemon and Ralph Lauren down over 4% [3]. Group 3: Individual Company Performance - Estée Lauder's stock plummeted by 19%, the largest decline among S&P 500 constituents, due to anticipated profit reductions of about $100 million related to tariffs [5]. - Cummins, an engine manufacturer, saw its stock drop by 11%, marking its largest single-day percentage decline since the onset of the COVID-19 pandemic [5]. - McKesson, a diversified healthcare services company, reported strong earnings, leading to a 17% increase in its stock price, the highest gain in the S&P 500 index [5]. Group 4: Commodity and Cryptocurrency Performance - Bitcoin fell by 13%, contributing to a 19% drop in the stock price of cryptocurrency firm Coinbase, marking its 13th consecutive day of decline [4]. - Silver prices decreased by 9.1% [4].

科技巨头宣布今年将投入6600亿美元用于AI领域的资本开支后，股价随即遭遇重挫。投资者担忧这 笔"惊人的"资本支出，已远超这项新技术的盈利潜力。 过去一周，亚马逊（AMZN）、谷歌（GOOGL）和微软（MSFT）发布季度财报后，总市值合计蒸发 约9000亿美元。股东们对该行业庞大的资本开支计划表示抵触——这笔支出规模超过以色列的国内生产 总值，也让各家云业务的强劲营收增长黯然失色。 连同社交媒体巨头Meta（META）在内，这些企业计划投入数据中心以及训练、运行先进AI模型所需专 用芯片的资金，较2025年的4100亿美元增长60%，较2024年的2450亿美元更是飙升165%。 亚马逊首席执行官安迪・贾西（Andy Jassy）表示，需要投入如此巨额资金，才能让公司在AI、芯片、 机器人和卫星领域的发展抢占先机。他以亚马逊云科技营收增长24%为例，证明相关投资已开始产生回 报。 受创最严重的是微软，自上周三发布财报以来，其股价已下跌18%。微软云部门营收增长26%至515亿 美元，但这一增速略低于市场预期，而该公司季度数据中心支出激增66%的消息，也引发了市场的负面 反应。 微软还首次披露了其与OpenAI ...

Core Insights - UBS reported a total market value of $620 billion for its Q4 2025 holdings, reflecting a decrease of 5.65% from the previous quarter [1][2] - The firm added 1,347 new stocks and increased holdings in 4,181 stocks, while reducing holdings in 4,520 stocks and completely selling out of 1,188 stocks [1][2] - The top ten holdings accounted for 14.52% of the total market value [1][2] Holdings Overview - The largest holding is NVIDIA (NVDA.US) with approximately 77.49 million shares valued at about $14.45 billion, representing 2.34% of the portfolio, down 11.47% from the previous quarter [3][4] - Microsoft (MSFT.US) is the second largest holding with around 28.04 million shares valued at approximately $13.56 billion, making up 2.20% of the portfolio, a decrease of 7.64% [3][4] - Apple (AAPL.US) ranks third with about 44.55 million shares valued at around $12.11 billion, accounting for 1.96% of the portfolio, down 10.57% [3][4] - Other significant holdings include Broadcom (AVGO.US) and Amazon (AMZN.US), with respective values of $8.23 billion and $7.99 billion [3][4] Changes in Holdings - UBS reduced its positions in major tech stocks such as Micron Technology (MU.US) by 16.14%, Taiwan Semiconductor (TSM.US) by 15.56%, and AMD (AMD.US) by 24.28% [5] - The firm also decreased its holdings in Google (GOOGL.US) by 9.05% and Tesla (TSLA.US) by 15.09%, while slightly increasing its position in Meta (META.US) by 0.85% [3][5] - New investments included Walmart (WMT.US), Alibaba (BABA.US), and a new position in TotalEnergies (TTE.US) [6] Trading Activity - The top five purchases included Microsoft call options, SPDR S&P 500 ETF (SPY.US), and MP Materials call options [6][7] - The top five sales were SPDR S&P 500 ETF put options, Invesco QQQ Trust put options, and Microsoft and NVIDIA shares [6][7]

Microsoft (NASDAQ: MSFT) is one of the world's most diversified technology companies, with a presence in software, cloud computing, gaming, social media, and more. It's leveraging its dominant position in some of those industries to participate in the artificial intelligence (AI) boom, and it's having incredible success despite some bumps in the road. Microsoft reported its operating results for its fiscal 2026 second quarter (ended Dec. 31) on Jan. 28, which sent its stock tumbling to a one-day loss of o ...

来源：环球网 Xbox 上个月举办了年度开发者直面会，正式拉开了 2026 年的序幕，并预览了今年即将发行的一些游 戏。微软为 2026 年准备了四大王牌：《极限竞速》《光环》、《神鬼寓言》和《战争机器》。微软内 部正在全力以赴，确保这四款游戏都能在今年如期发布。 外媒称，《极限竞速：地平线6》将于5月19日率先发售，微软内部消息人士透露，《光环：战役进化》 暂定于夏季发售。（思瀚） 【环球网科技综合报道】2月6日消息，据The Verge报道，微软即将迎来Xbox 25周年庆典。2026年是微 软重新聚焦Xbox平台的良机，同时在经历了Xbox硬件销量暴跌之后，微软也借此机会重新审视Xbox的 未来发展方向。 ...

Core Viewpoint - The unprecedented AI investment plans by major US tech companies are reigniting market fears of a bubble, leading to significant stock sell-offs despite strong earnings reports [5][6]. Group 1: Investment Plans and Market Reactions - Amazon, Google, and Microsoft collectively lost $900 billion in market value after announcing their capital expenditure plans, which total $660 billion by 2026, a 60% increase from $410 billion in 2025 and 165% from $245 billion in 2024 [5][6]. - Amazon's capital expenditure for this year is projected to reach $200 billion, exceeding expectations by $50 billion, which has led to an 11% drop in its stock price [6]. - Microsoft experienced the most significant decline, with an 18% drop in stock price following its earnings report, despite a 26% increase in cloud revenue to $51.5 billion [6][7]. Group 2: Investor Sentiment and AI Return Cycles - The rising capital expenditures signal that realizing the full potential of AI may require more time and resources, testing investor confidence in long-term returns [8]. - Analysts express concerns that the increased capital spending indicates a longer timeline for AI strategies to yield attractive returns, leading to a pause in investor enthusiasm for tech stocks [8][14]. - The Nasdaq index has dropped 4% over the past five days, reflecting a shift in market sentiment towards tech stocks [8]. Group 3: Company-Specific Developments - Apple reported record quarterly revenue of $144 billion, benefiting from strong iPhone sales, while its capital expenditure decreased by 17% to $2.4 billion, contrasting sharply with its peers [10][11]. - Apple's collaboration with Google to enhance its AI capabilities through a pay-as-you-go model has allowed it to minimize capital expenditures while still gaining AI benefits [11][12]. - Nvidia, as the highest-valued public company, is expected to face a turbulent market when it announces its earnings, as investors seek signs that the high capital expenditures will soon translate into revenue growth [13].

Core Viewpoint - Microsoft stock experienced a significant decline following its latest earnings report, presenting a potential buying opportunity for long-term investors [1][15] Financial Performance - Microsoft reported its fiscal 2026 second quarter results, leading to a one-day stock loss of over 10% despite strong overall performance [2] - The stock is currently down 22% from its all-time high, yet it has achieved a remarkable 580,650% gain since its IPO in 1986 [3] AI and Copilot Developments - Microsoft has a competitive edge in the AI chatbot market through its integration of the Copilot virtual assistant into widely used software [5] - Over 400 million Microsoft 365 licenses have been sold globally, with only 15 million Copilot licenses purchased, indicating a modest penetration rate of 3.7% [6] - Paid Copilot subscriptions for individual developers increased by 77% compared to the previous quarter, and the Dragon Copilot for healthcare now assists over 100,000 medical professionals [7] Azure Cloud Performance - Azure's revenue grew by 39% year-over-year in the second quarter, surpassing Wall Street's forecast of 37.1%, although it decelerated from the previous quarter's 40% growth [9] - A significant backlog of $625 billion in customer orders, up 110% year-over-year, is attributed to a shortage of data center capacity, with 45% of this backlog coming from OpenAI [10][11] Valuation and Investment Opportunity - Microsoft stock is currently trading at a price-to-earnings (P/E) ratio of 26.5, the lowest valuation in three years and a discount compared to the Nasdaq-100 index's P/E of 32.8 [12] - Wall Street estimates suggest earnings could grow to $19.06 per share in fiscal 2027, resulting in a forward P/E of 22.4 [13] - The recent 20% decline in stock price offers a buying opportunity at historically low levels, despite challenges in Copilot and Azure [15]