来源：滚动播报 英伟达在盘前交易中领涨科技七巨头，因Meta同意在未来几年部署"数百万颗"英伟达芯片。英伟达涨 1.9%，亚马逊涨1.6%，Meta和特斯拉涨0.8%，Alphabet涨0.7%，微软涨0.6%，苹果涨0.5%。 ...

Core Viewpoint - Nvidia has divested its shares in Applied Digital, Recursion Pharmaceuticals, and WeRide, indicating a strategic shift in its investment portfolio [1] Group 1: Company Actions - Nvidia disclosed in a filing that it no longer holds shares in Applied Digital, a company focused on digital infrastructure [1] - The company has also exited its investment in Recursion Pharmaceuticals, which specializes in drug discovery [1] - Additionally, Nvidia has divested from WeRide, an autonomous-driving technology company [1]

格隆汇2月18日｜英伟达美股盘前涨超2%，Meta加码英伟达，未来数年部署数百万颗芯片，首次采用 Grace CPU。 ...

Core Insights - NVIDIA remains the leader in AI hardware, but its high trailing P/E ratio of 45x and flat year-to-date performance indicate that much of its growth is already priced in, prompting investors to seek alternatives with better risk/reward profiles [1] Group 1: Company Performance - Advanced Micro Devices (AMD) reported Q4 revenue of $10.3 billion, exceeding estimates of $9.76 billion, with data center revenue growing 39% year-over-year to $5.4 billion [1] - Palantir Technologies achieved Q4 revenue of $1.41 billion, surpassing estimates of $1.36 billion, with U.S. commercial revenue surging 137% year-over-year to $507 million [1] - Snowflake reported Q3 revenue of $1.21 billion, beating estimates of $1.18 billion, with a year-over-year growth of 29% [1] Group 2: Valuation and Market Position - AMD's trailing P/E ratio stands at 79x, but its forward P/E is 31x, suggesting growth is reasonably priced, with a target price of $287.20 indicating significant upside potential [1] - Palantir's stock trades at a trailing P/E ratio of 209x and a price-to-sales ratio of 70x, raising concerns about sustaining its premium valuation despite impressive growth metrics [1] - Snowflake has a price-to-sales ratio of 14x and a negative profit margin of 31%, indicating that investors are paying a premium for a company still burning cash [1] Group 3: Growth Metrics - Palantir's total contract value reached a record $4.26 billion, up 138% year-over-year, with a net income increase of 670% year-over-year [1] - Snowflake serves 688 customers generating over $1 million in annual revenue, with remaining performance obligations of $7.88 billion, up 37% year-over-year [1] - AMD achieved 217% year-over-year earnings growth and 34% revenue growth, positioning it as a strong competitor in AI chips [1]

2022 年 2 月，双方宣布终止收购协议。由软银集团（SFTBY）控股的安谋随后推进了公开上市计划。 作为全球市值最高的企业，英伟达已成为科技全行业的重要投资方。该公司持有英特尔（INTC）、诺 基亚（NOK）、CoreWeave（CRWV）和新思科技（SNPS）等多家公司股份，并承诺利用自身资金加 速人工智能计算的普及。 责任编辑：郭明煜 英伟达公司（NVDA）出售了所持安谋控股（Arm） 的最后一批股份。五年前，英伟达曾试图收购这 家芯片技术公司，但最终未能成功。 一份监管文件显示，英伟达抛售了110 万股安谋股票，按安谋周二收盘价计算价值约1.4 亿美元。此次 减持发生在去年第四季度某个时间，完成后英伟达持股比例降至零。 英伟达拒绝置评，安谋方面也未立即回应媒体的置评请求。 此举为两家公司一段波折重重的往事画上句号。英伟达曾在2020 年同意以400 亿美元收购安谋，这笔交 易原本有望成为芯片行业史上规模最大的一笔收购。但该交易几乎刚一宣布就遭到监管机构与客户的反 对。安谋的技术支撑着全球大部分先进半导体，其中立独立地位被视为关键。 责任编辑：郭明煜 一份监管文件显示，英伟达抛售了110 万股安谋股票 ...

Core Insights - SoftBank Group exited its position in Nvidia, selling approximately 32.11 million shares, reducing its stake to zero by the end of Q4 2025, with the sale valued between $5.5 billion and $6.6 billion [1][3] Portfolio Adjustments - SoftBank significantly reduced its stake in Taiwan Semiconductor Manufacturing Company by 16,637,036 shares, a 36.90% decrease, leaving it with 28,503,696 shares valued at approximately $5.78 billion, representing 37.42% of its disclosed portfolio [4] - The firm fully exited its position in Microsoft, selling 2,536,481 shares, resulting in a 100% reduction [4] - SoftBank also reduced its holdings in Lemonade by 2,638,426 shares, a 74.03% decrease, ending with 925,496 shares valued at about $65.9 million [5] - The company trimmed its Roku holdings by 1,030,976 shares, a 7.03% reduction, leaving 13,636,515 shares worth roughly $55.8 million [5] New Investments - SoftBank initiated a new position in Uber Technologies, acquiring 18,497 shares, and established a new stake in AbCellera Biologics with 345,161 shares [5]

Japan’s technology investor SoftBank Group exited its position in Nvidia (NASDAQ: NVDA) during the fourth quarter of 2025 in a major realignment of its over $15 billion portfolio.According to the filing, the investment giant dumped about 32.11 million NVDA shares, reducing its stake to zero by the end of the period.Based on the dates, Nvidia likely traded between approximately $170 and $206 during the quarter, putting the total value of the sale at an estimated $5.5 billion to $6.6 billion. SoftBank portfol ...

Core Insights - H&H International Investment's portfolio value reached approximately $17.5 billion by the end of Q4 2025, reflecting a 19% increase from $14.7 billion at the end of Q3 2025 [2] - The portfolio's value was around $14.5 billion at the end of 2024 [3] Portfolio Structure Changes - The portfolio consists of 14 companies, with notable changes in holdings: - Apple (AAPL) remains the largest holding at $8.8 billion, but its share decreased by 7.09% [4] - Berkshire Hathaway (BRK.B) saw a significant increase of 38.24%, now valued at $3.6 billion [4] - Nvidia (NVDA) experienced a dramatic increase of 1110.62%, with a value of $1.35 billion [4] - Pinduoduo (PDD) increased by 34.55%, valued at $1.31 billion [4] - Microsoft (MSFT) saw a 207.66% increase, reaching $415 million [4] - ASML (ASML) was significantly reduced by 87.62%, now valued at just over $10 million [4] Investment Themes - The portfolio reflects a strong focus on technology, with companies like Nvidia, Microsoft, and TSMC forming a core part of the "AI quartet" [5][19] - Despite a reduction in Apple’s holding, it remains a significant investment, with the company’s stock being actively managed through options trading [10][12] - Berkshire Hathaway is viewed as a defensive holding, with its value doubling compared to the end of 2024 [13][14] New Additions and Trends - Three new AI-related companies were added to the portfolio, including CoreWeave, Credo, and Tempus AI, indicating a strategic shift towards AI verticals [17][20][21] - The overall market sentiment towards AI investments is positive, with a belief that missing out on AI opportunities would be detrimental [19] Alibaba and Pinduoduo Holdings - Alibaba's holdings have decreased significantly, from 5.45 million shares at the end of 2024 to 2.56 million shares by the end of 2025 [22] - Pinduoduo has become the fourth largest holding in the portfolio, valued at $1.3 billion, although it is considered a riskier investment [22]

Group 1 - The core viewpoint of the article highlights the significant shift in investment strategy by Duan Yongping, moving from a long-term focus on Apple to a substantial increase in Nvidia holdings, reflecting a response to the evolving AI landscape [1][2] - Duan Yongping's reduction in Apple shares is not a bearish stance on the company but rather a reassessment of the boundaries of "certainty" in investment [3][4] - The article emphasizes that the traditional value investment framework is being challenged by the emergence of AI, which alters the competitive landscape and the definition of certainty in investments [5][6] Group 2 - The slowdown in the global smartphone market has further compressed Apple's growth potential, making it a predictable cash cow rather than a high-growth asset [5][6] - Duan Yongping's decision to reduce Apple holdings is framed as a rational choice based on risk-reward re-evaluation, indicating a departure from the "golden age" of consumer electronics [6][7] - The article discusses the transformation of Nvidia from a chip manufacturer to a foundational supplier of AI infrastructure, highlighting its new role in the AI era [9][10] Group 3 - The increase in Nvidia's position by over 11 times is seen as a redefinition of "new certainty" in investments, moving away from traditional high-volatility tech stocks [9][10] - The article argues that the definition of a "good company" must adapt to the technological paradigm shift, with Nvidia positioned as a critical player in the AI landscape [10][11] - Duan Yongping's strategy reflects a broader trend among investors to seek out companies that provide essential infrastructure in the digital age, rather than merely consumer products [11][12] Group 4 - The article posits that Duan Yongping's actions signify a personal evolution from a follower of Warren Buffett's investment philosophy to a defining figure in the new investment landscape shaped by AI [12][13] - It emphasizes that value investing is not static but must evolve with changing market dynamics, particularly in the context of technological advancements [14][15] - The conclusion suggests that the ability to redefine value in the context of new technologies will be crucial for investors in the coming years [16][17]

英伟达与Meta达成多年期协议，将向后者出售数百万芯片，盘前股价上涨2%。 来源：滚动播报 ...