Earnings Reports - Microsoft (MSFT), Meta (META), and Tesla (TSLA) are scheduled to report earnings after the market closes today, with market expectations being closely monitored [6] - Companies reporting today also include AT&T (T) and IBM (IBM) [16] Federal Reserve Insights - The Federal Open Market Committee (FOMC) is expected to maintain its benchmark rate at 3.50%-3.75% after three consecutive rate cuts, with the timing of any future cuts being a key focus [7] - Most FOMC members are not in a hurry to ease policy further, as the labor market shows signs of softening but is not raising urgent alarms, and inflation remains above the 2% target without signs of a dramatic resurgence [8] - There is a disconnect between the FOMC's projected rate path for 2026 and market expectations, with the FOMC indicating only a single rate cut in 2026, while markets anticipate two cuts this year [8] Corporate Developments - SoftBank (SFTBY) is considering an additional investment of $30 billion in OpenAI (OPENAI) [9] - SpaceX (SPACE) is targeting a mid-June IPO with a potential valuation of $1.5 trillion [9] - UnitedHealth (UNH) has indicated potential benefit cuts due to disappointing Medicare rates [10] - UPS (UPS) plans to cut 30,000 jobs as it ends its partnership with Amazon [11] - Amazon (AMZN) is set to close its Go and Fresh stores while expanding its Whole Foods operations [12] - Boeing (BA) aims for 500 deliveries of its 737 aircraft as its inventory nears exhaustion [13] - Archer-Daniels-Midland (ADM) will pay $40 million to settle SEC claims regarding performance inflation [14] - Tether, the issuer of the USDT-USD stablecoin, has emerged as a significant beneficiary of the recent gold rally [15]

Nvidia Stock Gains. How China and OpenAI News Could Break It Out of Its Rut. - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.# Nvidia Stock Gains. How China and OpenAI News Could Break It Out of Its Rut.By [Adam Clark]ShareResize---ReprintsIn ...

以下文章来源于科创日报 ，作者刘蕊 科创日报 . 科创圈都在关注的主流媒体，上海报业集团主管主办，《科创板日报》出品。 近几年来，每逢财报季，微软、苹果、英伟达、Alphabet、亚马逊、Meta和特斯拉这七家巨头公司都是聚光灯下的焦点，在本个财报季也 不例外。 北京时间本周四早间，"七巨头"中的三家（特斯拉、Meta和微软）即将率先公布财报，苹果也将在周五早间公布财报。 目前，华尔街分析师们对于"七巨头"的总体业绩充满信心，不过随着AI热潮逐步演变，那些能够从AI基建和变现势头中尝到甜头的公司显然 将更受投资者青睐。 "七巨头"的差异愈发凸显 与此同时，对于"七巨头"正大力推进的AI业务来看，来自资本、电力和政策等方面的限制也将愈发受到关注。 "七巨头"Q4业绩强劲 本周美股Q4财报季全面展开，标普500指数中有102家将公布财报，这其中就包括"七巨头"中的四家。 目前，华尔街对于"七巨头"的业绩表现充满信心。FactSet高级盈利分析师约翰·巴特斯预计，"七巨头"第四季度整体盈利增长率将达到 20.3%，远超其他公司4.1%的同比每股收益增长率，其中，英伟达、Alphabet和微软预计将会是最主要的领跑者 ...

Jim Cramer, the host of Mad Money, said Monday that earnings season is what is really moving stocks right now. We knew the airlines would have to cancel a lot of flights thanks to the blizzard on Friday. They did. So what? The stocks were therefore mostly unchanged, having discounted the storm in advance… How about the stock of Generac, a company that makes emergency generators? It fell after rallying last week and at one point today, plummeted 11 points because the storm failed to knock out as much power a ...

但斌美股持仓最新出炉！ 私募排排网据美国证券交易委员会（SEC）统计称，截至2025年末，东方港湾旗下海外基金在美股市场共持有10只股票，持仓总市值约为 13.16亿美元（约合人民币91亿元），较三季度末的12.92亿美元略有增长。从调仓动作来看，东方港湾2025年四季度清仓了包括Coinbase、奈 飞、博通、台积电在内的多只股票，同时大手笔加仓谷歌、纳斯达克指数等，持仓进一步集中于科技板块巨头，第一大重仓股也由英伟达变为 谷歌。 多位业内人士称，2026年科技仍将是全球资本市场的重要投资主线，尤其是AI相关且逐步兑现业绩的标的值得关注。 第一大重仓股变更 同时，东方港湾旗下海外基金2025年四季度大手笔加仓了TQQQ（三倍做多纳斯达克100ETF）和GGLL（二倍做多谷歌ETF）。 截至2025年末，东方港湾旗下海外基金持仓进一步聚焦科技，除谷歌和英伟达外，微软、苹果、Meta、特斯拉和亚马逊均位列其中，显示出 对美股科技龙头股的高度关注。 SEC官网披露的信息显示，截至2025年末，东方港湾旗下海外基金共持有10只美股标的，前五大重仓股分别为谷歌、英伟达、TQQQ（三倍做 多纳斯达克100ETF）、FN ...

Group 1 - Nvidia is navigating complex trade negotiations with the U.S. while selling chips to Chinese companies, with a focus on China's ambition to develop its own AI chips [1] - An exclusive report indicates that Nvidia has secured approvals for sales of over 400,000 H200 chips to major Chinese firms like ByteDance, Alibaba, and Tencent, although the conditions of these sales remain unclear [2] - Nvidia's CEO highlights China as a $50 billion opportunity, which is not included in the company's revenue forecasts, with the expected revenue for the current quarter projected at $65 billion, plus or minus 2% [3] Group 2 - Nvidia's market capitalization stands at $4.6 trillion, significantly surpassing traditional leaders like Alphabet, Microsoft, Apple, and Amazon, driven by investor enthusiasm for its future prospects in China [4] - The company has reported a substantial backlog for Blackwell chips, with investments in data centers for AI reaching hundreds of billions last year, potentially approaching a trillion dollars annually, predominantly utilizing Nvidia chips [5] - Despite skepticism regarding Nvidia's future, the stock has surged 1,351% over the past five years, with investors confident in the AI sector's potential, viewing it as a pivotal technology [6]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ （来源：智通财经） 1月28日，英伟达创始人兼CEO黄仁勋的中国行程仍在继续。这位"AI教父"的身影已接连出现在上海、 北京及深圳。 一位内部人士告诉智通财经记者，今年公司的年会也没有像往年一样设置现金大奖。 有现场视频显示，黄仁勋在会场以一种幽默的方式回应了员工的期待，他表示外界都在关注，并打趣 称"我没有带钱来"。 公开信息显示，2025年，黄仁勋至少三次到访中国。2025年1月，黄仁勋来华参加英伟达中国分公司年 会，随后又在4月和7月两度来华。 据记者了解，黄仁勋此次来华行程与2025年初基本一致，主要参加上海、北京和深圳分公司的新年晚会 以及供应商答谢会。 多位消息人士向智通财经确认，在上海举行的内部员工大会上，黄仁勋提及了DeepSeek等中国开源模 型，并认为"中国的开源非常厉害"，这种快速发展在一定程度上倒逼英伟达"必须得发展得更快才行"。 在内部讲话中，黄仁勋还抛出了"学习与思考"的观点，并向中国员工强调了thinking的重要性。在黄仁 勋看来，对于技术人员而言，复现、学习或跟随一个已经存在的东西并不困难，真正的挑战在 ...

Core Viewpoint - Nvidia (NASDAQ: NVDA) is considered one of the most attractive AI stocks, with analysts suggesting that there is still potential for growth despite recent gains [1][2]. Stock Performance - At the close of the last session, NVDA shares were valued at $188, reflecting a 1.1% increase for the day and a 46% rally over the past year [2]. Optimal Buying Points - Current stock price is not seen as an optimal entry point due to high valuation assumptions and limited short-term margin for error [3][4]. - The best buying opportunity is expected to occur after Nvidia reports earnings, as this reduces uncertainty and provides more reliable guidance [4]. Post-Earnings Strategy - A post-earnings decline of approximately 5% to 15% would be viewed as a high-probability entry point, with initial buying suggested in the $165 to $175 range [7]. - More aggressive accumulation could be justified if the stock price falls into the $150s due to broader market weakness [7]. Secondary Entry Points - A secondary buying opportunity may arise from a sharp pullback ahead of earnings, particularly if shares fall into the $170 to $180 range [8]. - In such cases, initiating only a partial position is recommended while holding back capital until earnings uncertainty is resolved [8]. Least Attractive Entry Points - The least attractive entry points include slow rallies into earnings, euphoric breakouts without new information, and periods of strong bullish sentiment, which historically lead to weaker future returns [9]. Investment Discipline - Emphasis is placed on maintaining discipline rather than rushing into investments, suggesting that only a small amount of capital should be deployed below $180, with most held in cash for post-earnings opportunities [10].

Core Insights - Nvidia's strategic partnership with Siemens aims to develop industrial and physical AI solutions, enhancing AI-driven innovation in industrial workflows [1] - Strong earnings reports from ASML and SK Hynix have positively impacted chip stocks, with Nvidia's shares also experiencing a rise [2][4] - China has approved major domestic tech companies to purchase Nvidia's H200 chips, marking a significant development in Nvidia's market position in China [3] Group 1: Nvidia's Market Position - The approval for ByteDance, Alibaba, and Tencent to buy Nvidia's H200 system is crucial for Nvidia's operations in China, a key market [3] - Earlier this year, the U.S. authorized H200 sales, but China had been encouraging its companies to seek domestic alternatives [3] Group 2: Industry Performance - The VanEck Semiconductor ETF increased by over 3% in premarket trading, reflecting positive sentiment in the semiconductor sector [2] - ASML reported strong fourth-quarter earnings with orders exceeding analyst expectations, and its 2026 sales forecast was also above estimates [2] - SK Hynix shares rose more than 5% after announcing record full-year profits for 2025 [2]

Investment Rating - The industry investment rating is maintained as "Positive" [2] Core Insights - The report emphasizes the transition to the "SuperNode" era in computing infrastructure, driven by the increasing computational demands of AI models, which are evolving from pre-training to multi-faceted scaling [14][17] - The SuperNode architecture relies on enhanced interconnectivity, integrating multiple computing chips into a logical "super GPU/ASIC" to overcome the limitations of traditional single-server setups [39] - The report identifies three main investment themes: "Network End + AIDC + Computing End" and four key sectors: "Optical + Liquid Cooling + Power Supply + Chips" [7] Summary by Sections 1. Transition to SuperNode Era - The evolution of AI models necessitates a shift in computational infrastructure, with demands for higher performance and efficiency [14] - The report highlights the rapid growth in model parameters and training data, indicating a need for advanced computational clusters [14] 2. SuperNode Architecture - SuperNode clusters are defined as large-scale GPU/ASIC systems that expand from thousands to millions of computational units, utilizing both Scale Up and Scale Out strategies [17] - The architecture includes components such as computing nodes, switch trays, and power supply units, which are essential for the operation of SuperNode systems [80] 3. Upgrades in Key Components - The report notes that the increasing penetration of SuperNode servers will drive demand for high-power supplies, liquid cooling systems, and optical communication technologies [5][80] - Specific companies are highlighted as beneficiaries in the sectors of optical modules, liquid cooling, server power supplies, and exchange chips [7] 4. Domestic SuperNode Development - The report discusses the progress of domestic SuperNode solutions, particularly Huawei's Atlas 900 A3 and Atlas 960, which are designed to enhance the performance of domestic AI clusters [6][112] - The performance of domestic chips is shown to improve significantly when deployed in SuperNode configurations, effectively compensating for individual chip limitations [112]