每经编辑｜段炼 当地时间1月29日，美股开盘后大跳水！ 截至发稿，纳指跌超2.5%，标普500跌近1.5%，道指跌超0.67%。 | 今井 | 191.310 | | 最高 | 193.480 | | 成交量 | 6374万股 | | --- | --- | --- | --- | --- | --- | --- | --- | | 昨收 | 191.520 | | 最低 | 186.060 | | 成交额 | 120.77亿 | | 换手率 | 0.26% | | 市盈(TTM) | 45.60 | | 总市值 | 4.52万亿 | | 制 | 日 | 日K | 園K | 月K | 家 | モK | 更多v | 微软更是暴跌逾12%，创2020年以来最大盘中跌幅，市值蒸发约4400亿美元（约合人民币3.06万亿元）。财报显示其资本支出创历史新高引发市场担忧。 美股科技巨头普遍跳水 微软暴跌12% 科技七姊妹普跌，仅Meta大涨7%。英伟达、特斯拉跌近3%，亚马逊、谷歌也跌超2%，苹果跌0.4%。 费城半导体指数盘中也下挫超过3%，随后有所反弹，截至发稿，跌幅收窄至2%左右。费城半导体指数由费城交易所创立于1 ...

Threats to stocks and the dollar remain. President Trump has threatened new 100% tariffs on US imports from Canada, the possibility of a US government shutdown over ICE funding, and lingering concerns about Greenland. In addition, there is the risk of another partial government shutdown. Senate Democrats threatened to block a government funding deal over Department of Homeland Security/ICE funding after the ICE shooting of an ICU nurse in Minnesota on Saturday. There could be a partial government shutdown w ...

Group 1: Tesla - Tesla's total deliveries decreased by 16%, but investors remain optimistic due to potential future revenue from robo-taxis and humanoid robots [4][20] - Elon Musk announced plans to build "terra fabs" for semiconductor manufacturing, which will require significant capital investment [5][22] - The shift in focus from traditional car production to robotics is seen as a long-term growth strategy for Tesla [21][28] Group 2: Microsoft - Microsoft reported disappointing Azure cloud sales and guidance, leading to a negative market reaction [6][13] - The company has a significant portion of its backlog (45%) tied to OpenAI, raising concerns about circular financing [16][17] - Free cash flow plummeted to $5 billion, down from the usual $20 billion range, indicating potential cash flow issues due to high capital expenditures [14][15] Group 3: Meta - Meta's capital expenditures are expected to double year-over-year, but the focus is on AI investments driving revenue growth across its platforms [7][8] - The company reported strong growth in paid co-pilot subscribers, indicating successful monetization of AI [6][7] - Meta's performance is being positively received by the market, contrasting with Microsoft's struggles [10][15] Group 4: Levi's - Levi's reported quarterly earnings that beat estimates, with a positive sales outlook for 2026 [34][35] - The company is transitioning to a denim lifestyle brand, with significant growth in its women's business, which has doubled in size [39][42] - Levi's is focusing on marketing strategies, including a Super Bowl ad, to enhance brand visibility and drive growth [44][46] Group 5: Corporate Layoffs - Major companies like UPS and Amazon are announcing significant layoffs, with UPS planning to cut 30,000 jobs and Amazon 16,000 [53][54] - These layoffs are seen as a reflection of the growing impact of AI on workforce requirements [53]

SAN MATEO, Calif.--(BUSINESS WIRE)--New Intelligence Hub Marks Expansion of Franklin Templeton's Strategic Collaboration with Microsoft. ...

分组1 - Major tech companies like Meta, Microsoft, and Tesla reported earnings with significant spending, impacting stock reactions differently [4][5][11] - Meta's spending plans exceeded expectations, with a projected expenditure of over $100 billion by fiscal 2026, and a reported spending of $72 billion in the last year, nearly doubling from 2025 [11][12] - Microsoft faced a negative stock reaction despite beating earnings expectations, attributed to concerns over spending and slower cloud growth, with a backlog of over $600 billion in performance obligations [6][8][10] 分组2 - Tesla's capital expenditures are projected to increase from $8 billion in 2024 to over $20 billion in 2025, reflecting a shift towards becoming a transportation services company rather than just a car manufacturer [18][19] - Tesla reported 1.1 million paying Full Self-Driving (FSD) subscribers and is focusing on expanding its FSD capabilities and the potential for a robo-taxi network [20][21] - The company is also transitioning to produce the Optimus robot, aiming for a production capacity of 1 million units per year by the end of 2026 [22][23] 分组3 - Southwest Airlines issued a strong forecast for 2026, projecting earnings to be 300% greater than in 2025, driven by new initiatives like assigned seating and baggage fees [46][48] - The airline reported strong demand and operational improvements, including a successful transition to assigned seating, which addressed customer concerns about the previous open seating policy [56][58] - Despite challenges from winter storms, Southwest Airlines maintained the lowest cancellation rate among larger carriers, indicating effective operational management [61]

At Cash Flow Club , we focus on businesses with strong cash generation, ideally with a wide moat and significant durability. When these companies are bought at the right time, that can be highly rewarding for us. If you are interested in joining our community, start right here !Microsoft Corporation ( MSFT ) reported strong quarterly earnings results on Wednesday afternoon, but shares still sold off. Combined with the pullback we saw over the previous three months or so, this has made MSFT significantly che ...

Core Viewpoint - Microsoft Corporation (MSFT) reported strong quarterly earnings results, yet shares experienced a sell-off, making the stock significantly cheaper compared to previous months [1]. Group 1: Company Performance - MSFT's quarterly earnings were strong, indicating robust financial health [1]. - The recent sell-off in MSFT shares occurred despite the positive earnings report, suggesting market volatility or investor sentiment issues [1]. Group 2: Investment Community - Cash Flow Club focuses on businesses with strong cash generation and aims to identify investment opportunities when companies are bought at the right time [1]. - The community offers features such as access to a leader's personal income portfolio targeting a yield of over 6%, community chat, and a "Best Opportunities" List [1].

Group 1 - The market experienced a significant downturn, with gold, silver, and stocks all plummeting unexpectedly [1] - Precious metals saw a sharp decline, with silver dropping by 8% and gold falling below $5200 per ounce [2] - Technology stocks collectively fell, with notable declines including Microsoft down 11.73%, Salesforce down 8.33%, and Oracle down 5.73% [6] Group 2 - The decline in technology stocks is attributed to concerns over the sustainability of AI spending and whether demand can support such massive capital expenditures [7] - The "Big Seven" tech stocks, which have driven market growth over the past three years, are now facing skepticism regarding their substantial investments in AI and the timeline for returns [7] - Microsoft reported a slowdown in cloud business growth for Q2 of fiscal year 2026 and provided a weak guidance for operating profit margins for Q3 [7]

Core Insights - Microsoft's stock experienced a significant decline of 11.9%, marking its worst single-day loss in nearly six years, primarily due to disappointing growth in its cloud-computing unit [1] - The company reported quarterly revenue of $81.27 billion and earnings per share of $4.14, exceeding Wall Street's estimates, but Azure's growth rate slowed to 39% from 40% in the previous quarter [2] - Capital expenditures for the quarter reached $29.8 billion, significantly higher than the projected $23.4 billion, raising concerns among investors [2][3] Financial Performance - Quarterly revenue was reported at $81.27 billion, surpassing estimates of $80.3 billion [2] - Earnings per share were $4.14, exceeding the expected $3.91 [2] - Azure's annual growth rate was 39%, slightly above the expected 38.4%, but down from 40% in the previous quarter [2] Capital Expenditures - Microsoft reported capital expenditures of $29.8 billion for the quarter, well above the anticipated $23.4 billion [2] - Analysts noted that the faster-than-expected growth in capital expenditures is a core issue affecting investor sentiment [3] Market Context - Microsoft shares had previously increased by over 15% in 2025, benefiting from AI investments, and the company was valued at $4 trillion after its second-quarter earnings in July 2025 [4] - The company has been increasing spending on data center capacity but has struggled to meet demand, leading to lowered internal expectations for AI product demand [4] Upcoming Earnings Reports - Microsoft, along with Meta and Tesla, was among the first of the "Magnificent Seven" to report earnings, with Apple scheduled to release its fiscal data soon [5]

Core Insights - Microsoft has launched its first robot-specific Rho-alpha model, which innovatively incorporates a tactile perception module alongside visual and language capabilities, marking a significant advancement in physical intelligence for robots [1][4][6] Group 1: Model Capabilities - Rho-alpha is designed to convert natural language instructions into control signals for robots, enabling them to perform complex tasks that require coordinated hand movements [4][6] - The model aims to break the limitations of robots operating only in highly controlled environments, allowing them to work in real-world scenarios filled with uncertainty [6][10] - Rho-alpha integrates tactile feedback into its decision-making process, allowing robots to adjust their actions based on physical contact, which is a significant departure from traditional models that primarily rely on visual information [7][8] Group 2: Training and Learning - The model employs a novel training approach that combines real robot demonstration data, simulation task data, and large-scale visual question-answering data, addressing the long-standing data scarcity issue in robotics [9] - Rho-alpha features strong continuous learning capabilities, enabling it to optimize its performance based on human feedback during actual operations [9] Group 3: Industry Implications - The introduction of Rho-alpha signifies a fundamental shift in the focus of humanoid robotics from hardware and control algorithms to foundational models as the new competitive core [10][12] - The industry is witnessing a competitive landscape where major players like Tesla, Google, and Microsoft are pursuing different technological routes, with Microsoft emphasizing a "foundation model + cloud + ecosystem" strategy [12] - As the robotics sector evolves, the ability to define the next generation of foundational models will be crucial for companies to secure their future in the market [12]