引发热议的报告采用了明确的统计口径：仅统计第三方供应商。但却在统计过程中有意区分华为的"五界"与"三境"，将最走量的鸿蒙智行车型剔除在外， 只统计华为HI模式的阿维塔、极狐等，造成有利于个体的假象。 跨越春节长假，2026高阶智驾行业依旧战火不歇。 究其源起，来自一份第三方供应商城市NOA研究报告。这份报告被不同势力反复拆解，最终演变成一场关于"谁是智驾第一"的舆论混战。 报告通过特定的修饰语，在搭载量上构建了一个国产智驾"双强"新格局，打破公众对于华为智驾领先的既有认知，也让处于焦虑中的腰部厂商看到了重夺 话语权机会。 但单纯的搭载量真的能代表智驾市场的真实格局吗？很明显不是。大量车型搭载了名义上的城市NOA功能，但这往往只是为了填满配置表。 另一边，随着特斯拉FSD入华的可能性以及AI大模型技术的爆发，智驾行业正经历剧烈的洗牌。纯软件算法的第三方供应商或纯硬件厂商的生存空间被大 幅压缩，行业共识是最终只能剩下2-3家头部玩家。具备芯片+算法+工具链全栈能力的软硬一体化玩家正在掌握核心话语权。 想要看清牌局，需要剥离掉那些复杂的定语，将目光投向更底层的算力与算法底座。我们会发现，中国智驾并非完全优势在我的" ...

大疆起诉美国联邦通信委员会 近日，有网友报料，其在购买厦门至宜兴返程票时，凌晨3点才收到候补成功通知，因熟睡未及时查 看，醒来时列车已发车，近1700元车票无法全额退款。当事人承认自身存在疏忽，此前成功购票后候补 订单会自动取消，此次未及时取消候补，自己负有一定责任。但她认为，凌晨3点收到通知，距离发车 仅5小时，未能及时查看信息情有可原，且两张车票行程高度重叠，系统未进行有效拦截，近1700元损 失全部由个人承担，让她难以接受。 针对候补机制与退改规则问题，12306工作人员表示，旅客购票后应及时取消冗余候补，系统将按规则 处理行程冲突问题，发车后未乘车的车票仅可改签，手续费及差价按相关规定执行。（新京报） 油价迎来年内第三次上涨 据央视财经，记者2月24日从国家发展改革委了解到，2月24日24时国内成品油零售调价将开启上调窗 口。据国家发展改革委价格监测中心监测，本轮成品油调价周期内（2月3日—2月23日）国际油价震荡 上行。2月24日24时起，国内汽、柴油零售限价每吨分别上调175元、170元。全国平均来看：92号汽 油、95号汽油、0号柴油分别上调0.14元、0.15元、0.14元。记者算了笔账，用9 ...

Market Overview - The US stock market closed higher on Tuesday, led by technology stocks, as enthusiasm for artificial intelligence (AI) prospects overshadowed previous concerns about its disruptive potential across various industries [2] - The Dow Jones Industrial Average rose by 370.44 points, or 0.76%, closing at 49,174.50 points; the S&P 500 increased by 52.32 points, or 0.77%, to 6,890.07 points; and the Nasdaq Composite gained 236.41 points, or 1.05%, finishing at 22,863.68 points [2] Technology Sector Performance - Major tech companies saw gains, with Apple up 2.24% after announcing a significant expansion of its operations in Houston, including domestic production of the Mac mini [3] - Nvidia rose by 0.68%, Tesla by 2.39%, Microsoft by 1.18%, Amazon by 1.60%, and Meta by 0.32%, while Alphabet's Class A and C shares fell by 0.19% and 0.25%, respectively [3][4] - Taiwan Semiconductor Manufacturing Company (TSMC) surged 4.25%, with its market capitalization surpassing $2 trillion, marking a year-to-date increase of 26.94% [3] AI Developments - AMD's stock jumped 8.77% after announcing a $60 billion AI chip sale agreement with Meta over the next five years, which includes a potential 10% equity stake for Meta [3] - DocuSign's shares rose by 2.6% following Anthropic's announcement that its AI tool, Claude Cowork, can now integrate with DocuSign and other existing enterprise tools, boosting investor optimism about AI enhancing rather than replacing software companies [5] - Other software companies also benefited, with FactSet up 5.9% and Thomson Reuters up 11.5%, as AI developments continue to influence market sentiment [5] Chinese Stocks Performance - The Nasdaq Golden Dragon China Index increased by 1.37%, with notable gains in Alibaba (up 0.23%), Pinduoduo (up 1.06%), and JD.com (up 1.07%), while Baidu and ZTO Express saw slight declines [6] Economic Indicators - The 10-year US Treasury yield rose by 1 basis point to 4.037%, while the 2-year yield increased by 2.1 basis points to 3.461% [7] - The ADP reported an increase of 12,750 private sector jobs in the first week of February, marking the best weekly gain since November 2025 [7] - The consumer confidence index rose to 91.2 in February, exceeding market expectations [7]

Core Viewpoint - The U.S. stock market saw gains led by technology stocks, driven by renewed enthusiasm for artificial intelligence, overshadowing previous concerns about its disruptive potential across various industries [1][7]. Group 1: Company Developments - Apple announced a significant expansion of its operations in Houston, marking the first production of the Mac mini in the U.S. [1][3]. - AMD has reached a chip agreement with Meta, indicating a strategic partnership in the semiconductor space [1]. - DocuSign's stock rose by 2.6% after Anthropic's announcement that its AI product can now integrate with DocuSign and other existing enterprise tools [5]. Group 2: Stock Performance - Major tech stocks experienced upward movement, with Apple rising by 2.24%, Nvidia up by 0.68%, Tesla increasing by 2.39%, and Microsoft gaining 1.18% [3]. - TSMC's market capitalization surpassed $2 trillion for the first time, with a year-to-date increase of 26.94% [3]. - AMD's stock surged by 8.77% following the announcement of a $60 billion AI chip sale to Meta over the next five years [3]. Group 3: Market Overview - The Dow Jones Industrial Average rose by 370.44 points, or 0.76%, closing at 49,174.50 points; the S&P 500 increased by 52.32 points, or 0.77%, to 6,890.07 points; and the Nasdaq Composite gained 236.41 points, or 1.05%, finishing at 22,863.68 points [1]. - The Nasdaq Golden Dragon China Index rose by 1.37%, with most Chinese concept stocks showing gains [6]. Group 4: Economic Indicators - The U.S. labor market showed signs of improvement, with private sector jobs increasing by 12,750 in the week ending February 7, marking the best weekly gain since November 29, 2025 [8]. - The consumer confidence index for February rose to 91.2, exceeding market expectations [8].

周二（2月24日），美国三大股指全线收涨，道指、标普500指数涨超0.7%，纳指涨1%，全市场超3500股上涨。 | 道琼斯工业 | 纳斯达克指数 | 标普500 | | --- | --- | --- | | 49174.50 | 22863.68 | 6890.07 | | +370.44 +0.76% +236.41 +1.04% +52.32 +0.77% | | | | 美国科技七巨头 中概科技龙头 中国金龙 | | | | 63258.79 | 3993.74 | 7581.04 | | +675.29 +1.08% -19.84 -0.49% +102.63 +1.37% | | | | 道琼斯期货 | 纳斯达克100期 | 标普500期货 | | 49203 | 25016.25 | 6900.00 | | +354 +0.72% +253.50 +1.02% +48.50 +0.71% | | | 软件股回暖，汤森路透涨11.4%，SaaS龙头赛富时涨超4%，昨日重挫13%的IBM也反弹涨超2%。据智通财经报道，近期多次引发全球软件股抛售的AI明星 公司Anthropic在最新简报会上传递" ...

来源：芝麻AI 一、市场: ●2月25日收盘：美股周二收高，芯片与软件股带领大盘反弹 北京时间2月25日凌晨，美股周二收高，AMD和软件类股领涨。投资者对人工智能颠覆某些行业的担忧 缓解，道指、纳指、标普500指数均上涨。家得宝、IBM等股价上涨支撑大盘，AMD因与Meta达成协议 股价大涨。软件股也因人工智能或补充而非取代的乐观预期上涨。Savvy Wealth首席投资官称这是抛售 之后的释压性反弹。此外，美联储古尔斯比呼吁暂停降息，认为在通胀回落至2%前不宜大幅降息；沃 勒态度更谨慎，还提及推进在银行系统部署人工智能。2月上旬美国劳动力市场有改善迹象。 [1] ●2月25日美股成交额前20：AMD达成巨额AI芯片协议，股价大涨 周二美股成交额前20中，英伟达收高0.68%，汇丰下调其目标股价；特斯拉收高2.39%，首台Cybercab量 产车提前下线，但面临监管挑战，2025年财务及交付数据下滑。闪迪收跌4.20%，遭香橼做空。AMD收 高8.77%，与Meta达成超千亿美元AI芯片协议，Meta或持有其10%股份。苹果收高2.24%，首批触控版 Mac秋季发布。Meta与AMD扩大合作，协议金额或超60 ...

热失控防护是保障新能源汽车安全的关键环节，固德电材作为较早进入新能源汽车动力电池热失控防护 领域的领先企业之一，经过多年技术积累和创新，获得了多项省级和国家级科技认定。2021年公司实验 室被认定为江苏省省级企业技术中心，2022年被工信部评定为国家级专精特新"小巨人"企业，2024年3 月被评定为江苏省省级工程技术研究中心。截至2025年上半年，公司已获得专利96项，其中发明专利36 项，实用新型60项。 客户方面，固德电材聚焦新能源汽车热失控防护领域，目前已成为多家全球知名整车制造商及电池生产 商的一级供应商，与通用汽车、福特、Stellantis、T公司、现代起亚、丰田、宝马、吉利、零跑、小 鹏、一汽集团等整车制造商，以及宁德时代、欣旺达、蜂巢等电池生产商在内的行业领军企业建立了长 期稳定的合作关系。同时，固德电材已获得多家下游客户的高度认可：荣获通用汽车"2024年度供应商 质量卓越奖"、吉利集团"24年度最佳服务供应商"、零跑汽车"卓越贡献供应商"、东方电气"战略供应 商"等荣誉。 值得注意的是，固德电材提醒投资者，公司面临贸易政策风险。2022年至2025年上半年，公司部分下游 客户为美国企业，公 ...

美股周二收盘，道指l收涨0.76%，标普500指数涨0.77%，纳指涨1.04%。甲骨文(ORCL.N)涨3.4%， AMD(AMD.O)涨8.7%，英特尔(INTC.O)涨近6%，Paypal(PYPL.O)涨6.7%。纳斯达克中国金龙指数收涨 1.37%，小鹏汽车(XPEV.N)和万国数据(GDS.O)均涨超6%。 (本文来自第一财经) 来源：第一财经 ...

Core Viewpoint - The Nasdaq China Golden Dragon Index experienced a rise of 1.36%, indicating a positive trend in the Chinese technology sector [1] Company Performance - Canaan Inc. (嘉楠科技) saw a significant increase in its stock price, rising by 15.90% [1] - TIMS China (Tims中国) reported an 8.57% increase in its stock value [1] - Century Internet (世纪互联) experienced a stock price increase of 6.68% [1] - Xpeng Motors (小鹏汽车) had a stock price rise of 6.69% [1] - Daqo New Energy (大全新能源) saw its stock price increase by 6.64% [1]

Market Overview - US stock indices opened slightly higher, with the Dow Jones up 0.01%, Nasdaq up 0.07%, and S&P 500 up 0.01%. As of the report, the Dow Jones increased by 0.5%, Nasdaq by 0.33%, and S&P 500 by 0.16% [1] - A total of 3,106 stocks rose while 1,985 stocks fell, with a trading volume of $75.1 billion [2] Company Highlights - AMD's stock price surged by 15% pre-market, later stabilizing at a 5.47% increase, reaching $207.35, with a market capitalization of $338.08 billion. AMD agreed to sell AI chips worth up to $60 billion to Meta, marking a significant advancement for AMD in the AI chip market, where it currently lags behind Nvidia [2][3] - Nvidia holds approximately 90% of the AI chip market share and is the largest publicly traded company by market capitalization [2] - AMD's sales for the previous year were reported at $34.6 billion, with a projected revenue growth of 34% for the current year. An additional $10 billion in sales could accelerate AMD's progress in catching up to Nvidia [2] Sector Performance - The optical communication sector saw gains, with Coherent rising over 2%, Astera Labs nearly 2%, and Corning up over 1.2% following a $6 billion supply agreement with Meta [5][6] - The Nasdaq China Golden Dragon Index increased by 0.3%, with mixed performance among Chinese concept stocks. Companies like GDS, Xpeng, and TAL Education saw gains, while Alibaba, Pinduoduo, Tencent ADR, Baidu, and Xiaomi ADR experienced declines [8][9] Commodity Market - Spot gold fell below $5,100 per ounce, with a daily drop of 2.57%, while spot silver dropped below $85 per ounce, down 3.7% [10] - WTI crude oil futures rose by 1%, currently priced at $66.77 per barrel, while Brent crude oil futures increased by 0.69%, reaching $71.60 per barrel [11] Cryptocurrency Market - Bitcoin continued its downward trend, dropping over 3.5% in 24 hours, with prices falling below $63,000, reaching a low of around $62,700. Ethereum also fell below $1,900 [13][14] - Over the last 24 hours, more than 138,000 traders were liquidated, with a total liquidation amount of $414 million [15]