Policy dominated the market's attention this past week, culminating in Friday's long-awaited Supreme Court decision, which struck down President Trump's sweeping tariff regime. On Friday, all three major indexes swung into the green on the Supreme Court ruling, and all three major indexes finished the week higher. The S&P 500 (^GSPC) rallied to close up 0.7%, finishing the week up 1.1%, while the blue chip-heavy Dow Jones Industrial Average (^DJI) gained 0.5% on Friday to close the week up a narrow 0.3 ...

Core Insights - Nvidia is expected to see a stock price increase, potentially moving above $200, driven by upcoming earnings and strong market sentiment towards AI investments [1][4] - The projected trading range for Nvidia's stock by March 1, 2026, is between $212 and $225, with a most likely level around $218 to $220, indicating a potential gain of 15% to 20% from late-February levels [2][4] Financial Performance Expectations - Analysts anticipate Nvidia's fiscal fourth-quarter 2026 earnings report to show revenue growth exceeding 60%, with expectations of a significant earnings beat [4][10] - Revenue is projected to be approximately $65.5 billion to $65.6 billion, aligning with the company's guidance and reflecting a year-over-year growth of about 66% to 68% [10] - Adjusted earnings per share are expected to be around $1.52, representing a 71% increase from the previous year [10] AI Market Dynamics - Continued momentum in AI spending is expected, with Nvidia securing multi-year agreements to supply AI chips to major technology partners like Meta Platforms [5] - Industry projections indicate sustained global investment growth in AI, which supports demand for Nvidia's products [5] Market Sentiment and Stock Dynamics - The stock's short-term performance is likely to be influenced more by earnings reactions and investor sentiment rather than long-term price targets, which often exceed $250 over a 12-month horizon [9] - Recent technical pullbacks in Nvidia's share price suggest a potential consolidation phase before a breakout, indicating that gains may occur gradually [7] Future Guidance and Investor Focus - Investors will be closely monitoring fiscal Q1 2027 guidance, trends in AI spending, and updates on Nvidia's Blackwell and next-generation Rubin chips, as these factors are likely to influence broader technology market sentiment [11]

Group 1: Nvidia Earnings and AI Trade - Nvidia's quarterly earnings report is anticipated to significantly influence the AI trade, with a focus on the demand for its AI-specialized chips and updates regarding its access to China [3] - The earnings report follows a previous positive outlook for the AI sector, but investor concerns about Big Tech's spending remain prevalent [3] Group 2: Economic Context and Federal Reserve - President Trump's State of the Union address is expected to address economic policies following a Supreme Court ruling against his tariff policies and signs of slowing economic growth [2][6] - The Federal Reserve is facing internal divisions regarding the future path of interest rates, with several officials scheduled to speak this week, potentially providing insights into monetary policy [2][7] Group 3: Other Key Earnings Reports - Other notable earnings reports this week include Salesforce, Dell, Home Depot, Lowe's, and Canadian banks, amid a housing market slump affecting sales for home improvement retailers [4][10] - Berkshire Hathaway's upcoming report will be the first under new CEO Greg Abel after Warren Buffett's retirement [5][11]

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000 ...

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000 ...

Core Insights - The company is making a strategic move to re-enter the consumer PC market, leveraging its leadership in AI chip technology [1] Group 1 - The company is recognized as a leader in AI chips, indicating a strong technological foundation for its return to the consumer PC sector [1]

Core Viewpoint - Brookfield Corporation is making significant investments in AI infrastructure, viewing it as a once-in-a-generation opportunity to capitalize on the transformative potential of AI technology [1][3]. Investment Strategy - Brookfield has launched the Brookfield AI Infrastructure Fund with a goal of securing $10 billion in equity commitments, having already received $5 billion at launch, including contributions from Brookfield and Nvidia [5]. - The company aims to leverage the capital raised to acquire up to $100 billion in AI infrastructure assets, focusing on energy, land, data centers, and compute power [5]. Market Potential - An estimated $7 trillion is needed globally for AI infrastructure over the next decade to fully realize AI's potential [2]. - Brookfield's strategy includes building specialized AI data centers and ensuring the necessary power-generating capacity to support these facilities [2]. Initial Investments - One of the fund's initial investments is Radiant, a new Nvidia cloud partner that will build AI factories based on Nvidia's design to provide AI services [6]. Growth Drivers - Brookfield's extensive investments in infrastructure and power through other funds position it well to support AI infrastructure projects [9]. - The company anticipates a 25% annual growth rate in earnings per share over the next five years, with current shares trading at a discount to their estimated value [10]. Competitive Position - Brookfield is emerging as a leader in AI infrastructure, supported by its partnership with Nvidia, which enhances its ability to deliver robust earnings growth [11].

来源：尧望后势 一、春节假期全球资产整体上涨，美股、韩股、贵金属、原油全线走强 1． 港股收跌、A50期货持平，新旧科技资产表现分化 春节假期（2月15日至2月21日），港股收跌、富时中国A50期货持平，整体走势分化。恒生科技指数回 落2.8%，恒生指数回落0.6%，富时中国A50期货上涨0.3%。分行业看，假期期间，港股能源、原材料、 工业表现较好，分别上涨3.86%、2.97%、1.25%，非必需性消费、信息科技业、必需性消费表现较差， 分别回落3.00%、2.23%、1.31%。 2． 全球股票市场上涨，韩国股市领涨 春节假期（2月15日至2月21日），MSCI全球指数上涨1.0%，MSCI发达市场指数上涨1.0%，MSCI新兴 市场指数上涨0.8%。其中，美国三大股指，纳斯达克指数上涨1.5%，标普500指数上涨1.1%，道琼斯指 数上涨0.3%。欧洲方面，法国DAX40指数2.5%，英国富时100指数上涨2.3%，德国DAX指数上涨 1.4%。亚洲市场方面，韩国综合指数上涨5.5%，日经225指数回落0.2%，印度Nifty指数上涨0.4%。 1． 美国最高法院裁定IEEPA关税违法，特朗普依据12 ...

Group 1: Nvidia's Market Performance - Nvidia's stock has increased by 750% over the past three years, reflecting strong market enthusiasm for AI opportunities [1] - The stock price surge is attributed to Nvidia's role as a leading manufacturer of high-power computer chips essential for AI [1] Group 2: Digital Realty Overview - Digital Realty is a real estate investment trust (REIT) that specializes in owning and leasing data centers [2] - The company’s business model involves leasing space in its properties to tenants, primarily housing computers and related technology [2] Group 3: Importance of Data Centers for AI - AI relies on algorithms that require significant computing power, which is typically housed in data centers [4] - Digital Realty is positioning itself to cater to the growing demand for AI technology by adopting relevant technologies for its data centers [4] Group 4: Investment Potential in Digital Realty - Digital Realty's stock has increased by approximately 55% over the past three years, indicating a more conservative investment compared to Nvidia [5] - The company has a market capitalization of $60 billion, with a gross margin of 25.35% and a dividend yield of 2.78% [7] Group 5: Future Growth Opportunities - As AI technology continues to evolve, Digital Realty stands to benefit from increased cash flow from new AI-related customers, supporting its dividend growth [7] - There is potential for Digital Realty to acquire data centers built by AI industry leaders when they decide to sell, providing further growth opportunities [8] Group 6: Comparative Performance - Digital Realty's stock has outperformed the average REIT, indicating some level of AI-related hype is already factored into its shares [9] - The risk-versus-reward profile of Digital Realty may appeal to conservative investors looking to gain exposure to the AI sector [9]

2026年开年，华尔街的寒意比往年来得更加刺骨。全球软件板块迎来了一场罕见的暴跌，标普500软件 与服务指数在短短数周内跌幅超过18%，市值蒸发近万亿美元。这不是常见的周期性回调，也不是宏观 经济波动带来的短期恐慌，而是一种更深层、更结构性的焦虑——市场开始怀疑，AI Agent(智能体)正 在从根本上改写软件行业的价值分配逻辑。 与此同时，硬件层面的地震也在悄然发生。OpenAI正式发布基于Cerebras晶圆级芯片的GPT-5.3-Codex- Spark模型，这是主流头部模型公司首次实质性削弱对英伟达GPU生态的依赖。硬件多元化的信号释放 得异常清晰，曾经固若金汤的算力垄断版图出现了裂痕。 而就在这种内外交困的背景下，全球AI产业链的"心脏"——英伟达(NVDA.US)的财报即将揭晓。 这不仅仅是一次常规的业绩披露，更是一次关于"AI支出是否还能继续狂奔"的压力测试。当应用层的盈 利故事受到质疑，当硬件层的单一依赖开始松动，站在产业链最上游的英伟达，能否继续维持其高估值 的信仰？市场正在等待一个答案。 软件行业的动荡，正在动摇AI支出的根基 软件板块的暴跌，其核心焦虑并不是短期盈利的波动，而是商业模式是 ...