Group 1: Market Performance - On February 26, US stock indices closed mixed, with the Nasdaq down 1.18%, S&P 500 down 0.54%, and Dow Jones up 0.03% [2] - Major tech stocks mostly declined, with Nvidia dropping over 5%, marking its largest single-day decline since April 16 of the previous year, resulting in a market value loss of $259.3 billion (approximately 1773.9 billion RMB) [2] Group 2: Nvidia Analysis - Analysts noted that despite Nvidia's revenue, net profit, and guidance exceeding expectations, investors did not exhibit excessive enthusiasm due to concerns about the company's diminishing competitive edge in an evolving computing landscape [4] - There are worries regarding Nvidia's ability to maintain its impressive growth rate as core customers, particularly large-scale cloud service providers, are consuming most of their cash flow through AI-related capital expenditures [4][5] Group 3: Dell Technologies Performance - Dell Technologies reported a total net revenue of $33.38 billion for Q4, surpassing analyst expectations of $31.74 billion [5] - The company’s AI server shipments reached $9.5 billion in Q4, with a backlog of AI orders amounting to $43 billion [5] - Dell raised its annual stock dividend by 20% and expanded its stock buyback program by $10 billion, projecting revenues of $138 billion to $142 billion for FY2027, exceeding analyst expectations [5] Group 4: Other Market Movements - Intel fell over 3%, Tesla dropped more than 2%, and Google and Amazon declined over 1%, while Netflix rose over 2% and Microsoft and Meta saw slight increases [5] - The quantum computing sector saw significant gains, with IonQ Inc rising over 21% and Rigetti Computing increasing over 5% [5] Group 5: Commodities - Brent and New York crude oil prices experienced a sharp increase during trading [8] - Spot gold prices rose, while spot silver fell by over 1% [9]

还有分析师表示，"市场目前正处于与广泛的AI担忧抗争的阶段。令投资者深感不安的是，既然核心客 户——这些超大规模云服务商——正在通过AI相关的资本支出消耗掉大部分现金流，英伟达未来该如 何维持其惊人的增长率？" 英特尔跌逾3%，特斯拉跌超2%，谷歌、亚马逊跌超1%，苹果小幅下跌；奈飞涨超2%，微软、Meta小 幅上涨。美股量子计算板块普涨，IonQ Inc涨超21%，Rigetti Computing涨超5%，Arqit Quantum涨超 3%，SEALSQ Corp、D-Wave Quantum涨超2%。 戴尔科技财年四季度总体净营收333.8亿美元，分析师预期317.4亿美元；四季度基础设施解决方案集团 经营户艘196亿美元；四季度AI服务器发货95亿美元，分析师预期94.4亿美元；四季度AI订单积压430亿 美元，AI订单341亿美元；四季度经过AI优化之后的服务器营收90亿美元。公司将年度股票分红提高 20%，将股票回购规模扩大100亿美元。公司预计2027财年营收1380亿~1420亿美元，分析师预期1262.8 亿美元；预计2027财年经AI优化的服务器营收将达到约500亿美元；预计一季度营收3 ...

来源：证券日报 ■ 向炎涛 日前，英伟达发布最新财报显示，截至2026年1月25日的2026财年第四季度，公司营收为681亿美元，较 上季度增长20%，较上财年同期增长73%，远超市场预期。其中，数据中心业务表现尤其亮眼。与此同 时，英伟达预计其2027财年第一季度营收为780亿美元，同样大幅超出市场预期。 笔者认为，在市场对"AI泡沫"的讨论逐渐升温之际，这份业绩无疑是对市场担忧的有力回应，为全球人 工智能产业注入新的动力。透过这份财报，我们可以看到，AI产业的底层需求仍在扩张，技术迭代与 应用落地仍在加速。 此前，市场上存在对"AI泡沫"的担忧，认为人工智能领域存在过度投资现象，下游企业尚未通过AI实现 大规模盈利，因而担心资本过度涌入后会迅速退潮。笔者认为，这种担忧并非毫无根据，但也容易忽略 技术周期的内在规律。任何新技术在早期阶段都会经历投资加速、预期升温的过程，判断其价值的关 键，并非阶段性估值，而是真实需求是否存在。 当前阶段，大量企业投入的资金集中在算力建设、模型训练和生态搭建上，短期内部分企业盈利能力承 压。但这并不意味着需求萎缩，更多反映的是产业仍处在基础设施加速建设阶段。而从当前全球企业数 ...

每经记者｜陈晴 每经编辑｜金冥羽 胡玲 王晓波 标题点睛 美股三大指数收盘涨跌不一，纳指跌1.18%，标普500指数跌0.54%，道指涨0.03%，大型科技股多数下跌，英伟达跌超5%，市值蒸发2592亿美元（约合 人民币1.77万亿元），创去年4月16日以来最大单日跌幅；英特尔跌逾3%，特斯拉跌超2%，谷歌、亚马逊跌超1%，苹果小幅下跌；奈飞涨超2%，微软、 Meta小幅上涨。中概股多数下跌，纳斯达克中国金龙指数跌1.78%，百济神州跌逾8%，万国数据跌超7%，百度集团、贝壳跌逾5%。 1 隔夜市场 美股三大指数收盘涨跌不一，纳指跌1.18%，标普500指数跌0.54%，道指涨0.03%，大型科技股多数下跌，英伟达跌超5%，市值蒸发2592亿美元（约合 人民币1.77万亿元），创去年4月16日以来最大单日跌幅；英特尔跌逾3%，特斯拉跌超2%，谷歌、亚马逊跌超1%，苹果小幅下跌；奈飞涨超2%，微软、 Meta小幅上涨。中概股多数下跌，纳斯达克中国金龙指数跌1.78%，百济神州跌逾8%，万国数据跌超7%，百度集团、贝壳跌逾5%。 2月26日消息，美国上周首次申领失业救济人数为21.2万人，市场预估为21.6万人， ...

大型科技股多数下跌，英伟达跌超5%，创去年4月16日以来最大单日跌幅；英特尔跌逾3%，特斯拉跌 超2%，谷歌、亚马逊跌超1%，苹果小幅下跌；奈飞涨超2%，微软、Meta小幅上涨。 2月27日，美股三大指数收盘涨跌不一，纳指跌1.18%，标普500指数跌0.54%，道指涨0.03%。 中概股龙头指数收跌2.23%。成分股中，大健云仓涨超33%，欧朋浏览器涨逾23%，AHG涨超9%，玉柴 国际涨超6%，南茂涨逾5%，小马智行、希尔威金属矿业涨超4%；百济神州、慧荣科技跌超8%，万国 数据跌逾7%，名创优品、涂鸦智能跌超6%，百度、贝壳跌超5%，爱奇艺、哔哩哔哩等跌超3%。 印度前首富挑战扎克伯格和马斯克：信实瞄准人工智能硬件市场 前印度首富安巴尼领导的信实工业正在抓住人工智能风口，其旗下子公司Jio瞄准人工智能硬件投入， 预计将推出智能眼镜和人形机器人。Jio在正在举行的2026年印度人工智能影响力峰会上展示了相关产 品，其智能眼镜名为JioFrames，定位为Meta雷朋智能眼镜的本土替代品。 美股量子计算板块普涨，IonQ Inc涨超21%，Rigetti Computing涨超5%，Arqit Quantu ...

Company - Walmart reached a $100 million settlement with the FTC over allegations of misleading driver compensation [3] - Dell Technologies reported record high quarterly revenue and profit, announcing a 20% increase in cash dividends [3] - Warner Bros stated that Paramount's revised acquisition offer is a "superior proposal" [3] - Salesforce's stock rose due to better-than-expected earnings, a significant buyback, and optimistic guidance [3] - Vanguard Group settled an antitrust lawsuit with several Republican states for $29.5 million [3] - Venezuela's gas station operator declared a state of emergency due to low revenues [3] - The UK loan institution MFS collapsed, affecting Wall Street firms like Barclays [3] - Google's AI image generation tool gained popularity, leading to the launch of its second version, Nano Banana 2 [3] Industry - The U.S. Department of Defense set a final deadline for unrestricted use of Anthropic AI tools [2] - The global smartphone market is expected to shrink by 13% this year due to a storage chip shortage crisis, according to IDC [2] - Despite recent market volatility, Wells Fargo predicts that the stock market should generally rise by 2026 [3] - Chicago Fed President indicated that the Federal Reserve may lower interest rates multiple times if inflation decreases [3] - A commentary suggests that inflation decline may support multiple rate cuts, and software stock sell-offs might be nearing a bottom [3] - Oil prices experienced slight declines, influenced by the progress of U.S.-Iran negotiations [3]

智通财经APP获悉，周四，三大指数涨跌不一，英伟达股价绩后下跌近5.5%，创下自去年四月来的最差 单日表现。 【美股】截至收盘，道指涨17.05点，涨幅为0.03%，报49499.20点；纳指跌273.69点，跌幅为1.18%，报 22878.38点；标普500指数跌37.26点，跌幅为0.54%，报6908.87点。英伟达(NVDA.O)绩后收跌近5.5%， AMD(AMD.US)和英特尔(INTC.US)跌3%。纳斯达克中国金龙指数收跌1.78%，阿里巴巴(BABA.US)跌 2.7%。 【金属】现货黄金涨0.31%，报5185.1美元；现货白银报88.286美元。 【宏观消息】 美国初请失业金人数在总统日假期当周小幅走高，但低于预期。上周美国申请失业救济金的人数增幅低 于预期，这表明裁员情况仍处于较低水平。美国至2月21日当周初请失业金人数增加4000人，达到21.2 万人，预测中值为21.5万人。此次调查期间包含了总统日假期。续请失业金人数降至183万。节假日前 后的申请数据可能会出现波动。不过，目前的首次申请失业救济人数相对较低，这与近期其他数据所显 示的劳动力市场有所稳定的情况相吻合。2月份的就业 ...

周四，三大指数涨跌不一，英伟达股价绩后下跌近5.5%，创下自去年四月来的最差单日表现。 【美股】截至收盘，道指涨17.05点，涨幅为0.03%，报49499.20点；纳指跌273.69点，跌幅为1.18%，报 22878.38点；标普500指数跌37.26点，跌幅为0.54%，报6908.87点。英伟达(NVDA.O)绩后收跌近5.5%， AMD(AMD.US)和英特尔(INTC.US)跌3%。纳斯达克中国金龙指数收跌1.78%，阿里巴巴(BABA.US)跌 2.7%。 【欧股】德国DAX30指数涨100.09点，涨幅0.40%，报25271.17点；英国富时100指数涨41.04点，涨幅 0.38%，报10847.45点；法国CAC40指数涨61.86点，涨幅0.72%，报8620.93点；欧洲斯托克50指数跌 15.57点，跌幅0.25%，报6157.75点；西班牙IBEX35指数涨22.33点，涨幅0.12%，报18483.33点；意大利 富时MIB指数涨252.06点，涨幅0.53%，报47422.50点。 【亚洲股市】日经225指数涨0.29%，KOSPI指数涨3.67%，盘中首次升破6000点大关 ...

Company - Dell Technologies reported record revenue and profit for the quarter, announcing a 20% increase in cash dividends [5] - Warner Bros stated that Paramount's revised acquisition offer is a "better proposal" [5] - Salesforce's stock rose due to better-than-expected earnings, a significant buyback, and optimistic guidance [5] - Vanguard Group reached a $29.5 million settlement regarding an antitrust lawsuit with several Republican states [5] - Google launched the second version of its AI image generation tool, Nano Banana 2, following its initial success [5] Industry - The U.S. Department of Defense set a final deadline for unrestricted use of Anthropic AI tools [5] - The global smartphone market is expected to shrink by 13% this year due to a shortage of storage chips, according to IDC [5] - The 30-year mortgage rate in the U.S. fell below 6% for the first time since 2022, which may boost the spring housing market [5] - The collapse of the UK lending institution MFS has impacted major Wall Street firms like Barclays [5] - The Venezuelan gas station operator declared a state of emergency due to low revenues [5]

摩根大通：将英伟达(NVDA.O)目标价由250美元上调至265美元。 本文源自：金融界AI电报 ...