Core Viewpoint - The year 2025 marks a significant integration year for the AI industry, with nine major tech companies expanding their humanoid robot and hardware capabilities while becoming increasingly interdependent, reshaping competitive boundaries in the market [1][3]. Group 1: Major Players and Their Strategies - Google has solidified its leading position in the AI stack, achieving a breakthrough in its TPU chip business with a $20 billion order from Anthropic and seeking agreements with Meta [4]. - OpenAI has shifted its cloud service relationships beyond Microsoft, securing a $38 billion server deal with Amazon and expanding partnerships with Oracle [7]. - Meta has made significant advancements in AI hardware with its Meta glasses but faces challenges in core technology, particularly with its Llama 4 model [8]. Group 2: Market Dynamics and Competition - The competitive landscape is evolving, with companies attempting to control more segments of the supply chain to reduce reliance on key suppliers like NVIDIA, yet new alliances complicate their interdependencies [3][4]. - xAI and Anthropic are rapidly catching up, with xAI improving its language model quality and Anthropic experiencing growth in its product business through partnerships with Microsoft [9]. - The humanoid robot sector is emerging as a new battleground, with major players like Google, Amazon, and OpenAI beginning to develop humanoid robot technologies, despite facing significant challenges [12]. Group 3: Hardware and Infrastructure Developments - Microsoft has made limited progress in server chip development but is adjusting its cloud service strategies, continuing its role as a primary cloud provider for OpenAI while expanding collaboration with Anthropic [13]. - NVIDIA remains a critical player in the AI training market, with its GPUs still central to AI training despite companies' efforts to reduce dependency on it [13].

【财经日历】 2025中国绿氢产业大会(北京) | (ス) 盘前必读 | // 外盘怎么样 // | | | | --- | --- | --- | --- | | 称 | 现价 | 涨跌 | 温暖 | | 镇琼斯工业平均 | 48461.93 -249.04 | | -0.5 | | LAFF Leader Control Concession Come Comparis Comparis Compares | | | | 当地时间周一，美股三大股指全线下跌。截至收盘，道指跌0.51%，纳指跌0.50%，标普500指数跌0.35%。 个股方面，特斯拉跌3.2%。据报道，凯茜·伍德（Cathie Wood）旗下的ARK Invest基金继续减持价值3000万美元的特斯拉股票。 明星科技股跌多涨少，苹果涨0.1%，微软跌0.1%，亚马逊和谷歌跌0.2%，Meta跌0.7%，英伟达跌1.2%，甲骨文跌1.3%。 机构认为，春节前行情整体仍具备上行空间。 纳斯达克中国金龙指数跌0.67%，百度涨1.6%，网易涨0.9%，京东跌0.4%，拼多多跌0.7%，阿里巴巴跌2.4%。 国际油价走高，WTI原油近月合约涨2.3 ...

Bel, we want to get you ready for the trading day today. Three days left here in 2025. Luke Lloyd, president and CEO of Lloyd Financial Group, joining me now.I mean, look, we were talking about the possibility of Santa Claus rally, the possibility of S&P 7000. We have the hats. I already wore one.I hope they cut the commercial for it. Um, you know, at some point, do you think we get there. And is it now.>> Yeah, it's been the whole month or basically this month. I mean, you got to remember just a month ago, ...

受大宗商品巨幅波动引发的紧张情绪推动，昨夜今晨，美股三大指数集体收跌。 截至收盘，标普500指数跌0.35%，报6905.74点；纳斯达克综合指数跌0.5%，报23474.35点；道琼斯工业平均指数跌0.51%，报48461.93点。 （标普500指数日线图，来源：TradingView） 本周也是经济日程相当清淡的一周，投资者将在周二（北京时间周三凌晨）迎来美联储12月会议纪要，下一个重要日程就是迎接元旦假期的到来。 作为日内全球市场的焦点，这一轮金属上涨狂潮的"带头大哥"白银日内巨震，Comex白银期货创出每盎司82美元新高后跳水至71.6美元，黄金、铂金、钯金 等品种也携手下挫。矿业板块集体下跌，First Majestic Silver跌4.13%、纽曼矿业跌5.64%，锂矿巨头美国雅宝也跌3.62%。 | < W | COMEX白银 | | | | | | --- | --- | --- | --- | --- | --- | | | SI.CMX | | | | | | 71.640 | | 昨结 | 77.196 总手 | | | | -5.556 | -7.20% 开盘 | | 80.000 ...

Although they are among the world’s most profitable companies and have strong balance sheets, the immense spending on various AI investments from the hyperscalers in the Mag 7 has been scrutinized.This includes Amazon (AMZN) , Alphabet (GOOGL) , Meta Platforms (META) , and Microsoft (MSFT) , which are building and operating massive global-scale cloud infrastructures that are needed to run AI models and huge data workloads.There is no doubt that “hyperscaling” is the only way to run AI, cloud, and data-inten ...

Core Insights - The market is increasingly punishing major AI spenders that lack clear returns, leading to a recommendation to reduce exposure to the "MAG seven" stocks due to rising capital expenditures and talent costs impacting margins and earnings [1] - Hyperscalers have issued $121 billion in new debt this year, which is four times the five-year average, indicating that their buildout is exceeding internally generated cash [2] - Meta is investing heavily in data centers and AI talent, but its AI model, Llama, holds only about a 10% share of the enterprise market, where significant AI revenue and margins are concentrated [3] Company-Specific Insights - Alphabet has seen a 65% increase in stock value, attributed to its comprehensive ownership of the tech stack, including chips, cloud, distribution, and a leading AI model, while Tesla's forward PE is significantly higher at 320 [4] - Apple, while currently lagging, has a vast distribution network with 2.3 billion active devices, which could position it competitively in the AI space by 2026 [5] - Microsoft is falling behind in chip development and competitive in-house large language models (LLMs), relying heavily on OpenAI's models and partnerships [7] Market Dynamics - The convergence of AI models is making distribution more critical than the quality of the models themselves, which could favor companies with strong distribution capabilities [3] - Concerns are rising regarding the reliance on single customers for revenue, as seen with Oracle's significant backlog tied to a deal with OpenAI worth $300 billion [11] - Microsoft has a $300 billion commitment from OpenAI for Azure services, but there are worries about OpenAI's ability to meet its commitments across multiple partners, totaling over $1.4 trillion in compute commitments [13]

Dan Ives is doubling down on artificial intelligence heading into 2026, arguing that investor excitement (and anxiety) around the scale of the AI buildout points to a pivotal year for the technology and the stocks most exposed to it. The Wedbush analyst said 2026 is shaping up as an “inflection point year” for the AI revolution, with the US maintaining a rare leadership edge over China in technology even as the trillions of dollars required to fully deploy AI across enterprises and consumers continue to unn ...

Silver ForetellsPlease click here for a chart of silver futures (SI_F).Note the following:The chart shows the parabolic move in silver from $65 to $82.67.The chart shows a likely short term blow-off top yesterday evening.  Only time will confirm if it is a blow-off top in the short term.  Here were the triggers that came along on Sunday evening for a potential short term blow-off top:China is restricting the export of refined silver starting January 1.  China is a net importer of raw silver but a big export ...

Core Insights - Microsoft's Dynamics 365 suite is becoming a significant growth driver, with revenues increasing by 21% in constant currency during Q1 of fiscal 2026, surpassing broader cloud services growth [1][8] - The platform's integration of customer relationship management and enterprise resource planning, along with AI features, is leading to strong enterprise adoption, processing over 10 billion customer interactions monthly [2][8] - Strategic investments in AI-powered automation are differentiating Dynamics 365 from competitors, with users experiencing 30% faster case resolution times [3][8] Dynamics 365 Performance - The business applications segment serves over 46,000 organizations globally, indicating expanding market penetration [2] - The commercial cloud infrastructure supporting Dynamics 365 offers additional growth potential as enterprises pursue digital transformation [4] - Dynamics 365's growth trajectory is outpacing overall commercial cloud expansion, with strong renewal rates reflecting customer satisfaction [4] Competitive Landscape - Oracle's Fusion Cloud Applications revenues grew by 17% in constant currency, while Salesforce reported 8% revenue growth, indicating varying growth rates amid intensifying market competition [5] - Both Oracle and Salesforce are investing in AI capabilities, with Oracle focusing on cloud ERP and HCM solutions and Salesforce integrating Einstein AI features [5] Valuation and Estimates - Microsoft's fiscal 2026 earnings estimate is $15.59 per share, reflecting a 14.3% year-over-year growth [11] - The stock is currently trading at a forward Price/Sales ratio of 10.4X, compared to the industry's 7.57X, indicating a relatively higher valuation [12]

All three are buys, but for different reasons.Fears of a recession did not materialize this year. However, it's always worth it for investors to buy shares of companies that can perform well during economic downturns. Solid dividend stocks that routinely increase their payouts are especially attractive in that regard, since they tend to have businesses equipped to withstand challenging times.Let's discuss three stocks to buy to prepare your portfolio for any recession that may lay ahead: Microsoft (MSFT 0.5 ...