Despite fresh regulatory concerns, Nvidia (NASDAQ: NVDA) jumped nearly 2% on Wednesday as analysts lifted their price targets, reinforcing bullish sentiment, with Wedbush reiterating their $230 price target.On Tuesday, concerns were mounting for the AI chipamer following news that Meta (NASDAQ: META) was considering using Google’s Tensor Processing Units in 2027. Today, the pressure rose after Chinese regulators reportedly banned ByteDance, the company most known as the owner of TikTok, from using Nvidia’s ...

[music] Good Wednesday morning on Wall Street. I'm Yahoo Finance executive editor Brian Sazi and this is opening bid. It may be the day before Thanksgiving, but markets are still open for business and we are still getting after it on the show.Here's what's on my watch list right now. HP unleashes the AI bots inside its workforce. The iconic PC and printer [music] maker will cut 10% of its workforce as it aims to replace human jobs with new AI tools.HPC Enrique Lores told me exclusively the cuts are critical ...

We've had a lot of information hitting the tape this morning. We've had some jobless claims out. We've got 216,000 on that.Of course, we are passing over some earnings as well. Let's get to Alex Coffee who joins me this morning from Chicago. What is your takeaway from what we've got as far as some of the companies that we've heard from today.Alex, good morning. Yeah, all in all Sam, when you look at some of the data, first and foremost, I think it pushed back a little bit on the less than rosy picture that ...

记者丨黎雨桐 编辑丨曾静娇 11月26日，美股开盘上涨，截至北京时间23时，道琼斯指数涨0.30%，标普500指数涨0.28%，纳斯达克 综合指数涨0.26%。 | 微软(MICROSOFT | 482.590 | 1.17% | | --- | --- | --- | | MSFT.O | | | | 英伟达(NVIDIA) | 179.770 | 1.10% | | NVDA.O | | | | 亚马逊(AMAZON) | 230.160 | 0.21% | | AMZN.O | | | | 苹果(APPLE) | 277.420 | 0.16% | | AAPL.O | | | | 脸书(META PLATF | 635.010 | -0.19% | | META.O | | | | 特斯拉(TESLA) | 418.121 | -0.30% | | TSLA.O | | | | 谷歌(ALPHABET). | 319.197 | -1.37% | | GOOG.O | | | 甲骨文涨超4%，德意志银行分析师Brad Zelnick维持甲骨文买入评级，并将目标价从335美元上调至375 美元。 美股加 ...

Nvidia rival Broadcom, which counts Google as a major customer, has seen its stock surge recently along with Alphabet's. https://t.co/o9LA6J8IJK ...

Core Insights - Meta is in discussions with Alphabet to purchase billions of dollars' worth of TPU chips, potentially shifting the AI infrastructure landscape away from Nvidia's GPUs [2][3] - Google's TPUs are custom silicon optimized for machine-learning workloads, which could challenge Nvidia's long-standing dominance in AI hardware [4][6] - If Google successfully commercializes its TPUs, it could lead to a significant shift in the AI hardware ecosystem, affecting margins and competitive advantages [6][12] Company Implications - Nvidia's GPUs have been the standard for AI model training, but Google's TPUs may offer a cheaper and more efficient alternative for specific workloads [4][11] - Meta's capital expenditure plans suggest a substantial investment in inferencing-chip capacity, indicating a potential shift in demand from Nvidia to Google [6][12] - The success of Google's TPUs could lead to a reevaluation of Nvidia's growth assumptions and market position [12][13] Industry Dynamics - The introduction of TPUs could lower the total compute costs for AI workloads, prompting major technology companies to reconsider their reliance on Nvidia hardware [10][12] - If TPUs gain significant market share, it could redefine the competitive landscape in the AI industry, potentially positioning Google as a leader [12][13] - The shift from GPUs to TPUs for AI inferencing could lead to broader implications for cloud platforms and AI startups, affecting pricing and cost structures [12][13]

Market Overview - US stock futures are rising after equities experienced a third consecutive day of gains, with the S&P 500 trading above its 50-day moving average, indicating technical support for stocks [1][6] - Wall Street remains optimistic about the stock market despite concerns over valuations and the Federal Reserve's future actions [1][6] Company Earnings - Deutsche Bank and JP Morgan have raised their 2026 targets for the benchmark index, with JP Morgan suggesting the index could reach 8,000 if the Fed continues to ease [2][33] - HP's profit forecast fell short of estimates, leading to a plan to cut up to 6,000 jobs through increased AI utilization, which is expected to save the company $1 billion annually [2][30] - Dell's stock is gaining due to a positive outlook for AI server shipments, despite slightly missing revenue estimates for the third quarter [3][2] AI Sector Dynamics - Nvidia's shares have recovered some losses, but the company faces skepticism regarding its AI dominance, with a 14% decline since the start of the month, erasing over $700 billion in market value [4][6] - Concerns have been raised about Nvidia's financial practices, including allegations of circular financing and overinvestment in money-losing companies [4][23][24] - The AI trade remains volatile, with significant focus on both large and small-cap stocks, particularly in the context of ongoing AI developments [8][12] Sector Performance - The healthcare sector has emerged as a strong performer, up 14% since the beginning of the fourth quarter, while utilities have only increased by 2% [11][12] - The Russell 2000 index has shown notable strength, up nearly 7% over the past three days, indicating a potential shift in market dynamics [9][12] Future Outlook - Wall Street forecasts for 2026 are generally bullish, with expectations of strong earnings growth and AI-related productivity driving market performance [33][41] - The potential for the S&P 500 to surpass 8,000 hinges on further Fed rate cuts and strong earnings, with JP Morgan and UBS providing optimistic price targets [33][34] - Analysts suggest that a broader economic recovery could occur, driven by improvements in sectors like housing and manufacturing alongside ongoing AI investments [42][44]

尽管OpenAI与英伟达主导了当前的人工智能叙事，但谷歌作为大模型核心架构Transformer的提出者， 以及曾经AlphaGo的开发方，其在AI领域的重要性一直不可忽视。近日，谷歌再次证明自己仍是赛场上 的关键力量，其最新一代大模型Gemini 3获业界高度评价，自主研发的TPU芯片更被传获科技巨头大规 模采购。 谷歌"模型+AI芯片"的组合，同时对OpenAI的软件优势与英伟达的硬件统治构成直接挑战。11月26日， 英伟达公开回应称："乐见谷歌的成功""英伟达技术依然领先行业一代"。不过，AI之战远未结束，业内 人士认为，随着日后产品的更新换代，AI时代的真正"霸主"仍有变数。 大模型芯片双管齐下 英伟达之所以公开回应，是因为近期有市场声音指出，该公司在AI基础设施领域的主导地位可能受到 谷歌芯片的威胁。当地时间11月25日，英伟达股价一度跌超6%，最终收盘跌幅缩小至2.59%。 本报（chinatimes.net.cn）记者石飞月 北京报道 智参智库特聘专家袁博对《华夏时报》记者表示，谷歌TPU是专为AI某些场景，如大模型的训练和推理 定制的AI芯片，最大特点是与谷歌自有的TensorFlow等工具以 ...

（来源：京城夜读） 据Information消息，Meta ⽬前正与⾕歌洽谈，计划在 2027年斥资数⼗亿美元在 Meta 的数据中⼼使⽤ TPU，并于明年从⾕歌云租⽤⾕歌芯⽚。 在同等算力规模的情况下，ASIC的光模块用量远超GPU，这一变化不亚于23年发现AI网络架构的收敛 比远低于传统数据中心架构，非常之重要。 若只对比谷歌和英伟达算力卡的数字：TPU v7的FP8精度算力估算为4614 TFLOPS，vs Rubin（2die）约 16667 TFLOPS，推测TPU v7的1.6T模块配比约1:4.5，vs Rubin（2die）的1:5，换算一下，#在纸面算力 相等的情况下TPU v7光模块用量是Rubin（2die）的3.3x。 换言之，若英伟达掉份额，ASIC取得份额，光模块板块增速更快，占整体Capex比例提升； 实际上就 算没有近期Gemini3的亮眼表现，以及Meta的购买意向，ASIC渗透率提升也确定性趋势，我们测算从25 年到27年，年新增算力规模（Flops）中ASIC占比提升约10pct。 强调谷歌的27年需求。我们认为谷歌27年实际需求在26年高基数基础上再提升150%甚至更多 ...

Core Viewpoint - The Federal Reserve's recent interest rate cut and the halt of quantitative tightening have positively impacted the U.S. stock market, particularly the tech sector, leading to significant increases in the market capitalizations of major tech companies [1] Group 1: U.S. Tech Companies Performance - The Nasdaq index reached a new high of 24019.99, with major tech stocks like Nvidia, Apple, Google, and Microsoft collectively valued at approximately $4 trillion, surpassing the total market capitalization of A-shares [1] - Other notable tech companies such as Amazon, Broadcom, Meta, TSMC, and Tesla have also reached market capitalizations of around $2 trillion [1][2] Group 2: Chinese Tech Companies Performance - Chinese tech companies have shown significant stock price increases, with Alibaba's market cap reaching $379.9 billion after a 92.42% rise, while other companies like Xpeng and SMIC have also seen substantial gains [4] - The emergence of the CNQQ ETF, which focuses on high-quality Chinese tech companies, indicates a growing interest from global investors in the Chinese tech sector [5][12] Group 3: Investment Trends and Market Sentiment - The trend of investing in tech sectors rather than individual companies is gaining traction, with the CNQQ ETF allowing global investors to access a diversified portfolio of Chinese tech stocks [16] - Global investors are increasingly optimistic about Chinese tech companies, with significant investments being made in firms like Alibaba, which is transitioning into an AI-focused company [17][18] Group 4: AI and Future Prospects - The AI sector is seen as a key growth driver for Chinese tech companies, with firms like Baidu and Alibaba making significant advancements in AI technologies [19] - The potential for Chinese tech companies to emerge as global leaders in AI is highlighted, with a focus on their ability to innovate and meet real customer needs [19][20]