The CNBC app, global market [music] news in one place. Customizable sections and personalized alerts. Stocks tracking, [music] interactive charts and market insights, all in your hands. So as you can see we've scooped up about a tenth of a percent from the outset. Silia. And as we look at the final trading days of 2025, also worth keeping in mind that of course we're likely to see also lower volumes this week. We have the bank holiday on uh for New Year's Day as well. So let's see what this week will have f ...

"这就像电影里的情节，"Burry引用自己在《大空头》中的名言，"我可能早了，但没错。"他承认自己在互联网泡沫和房地产泡沫中都有过早入场 的先例，但他认为当前的AI热潮与当年的"数据传输泡沫"如出一辙。目前，他通过新开设的通讯栏目"Cassandra Unchained"向投资者阐述这一宏 大叙事，警告泡沫破裂只是时间问题。 这位曾准确预测次贷危机的投资者与全球市值最高公司的论战在近期显著升级。Burry不仅公开披露了做空仓位，更猛烈抨击英伟达为回应质疑而 发布的内部备忘录，称该文件充斥着"稻草人论证"，读起来"像个骗局"。他直言不讳地指出，真正的风险被掩盖了——随着技术迭代加速，英伟 达客户的巨额资本支出面临着未来的资产减记风险。 根据11月3日披露的信息，Burry通过买入看跌期权的方式做空这两家公司，这笔押注目前的成本约为1000万美元。如果市场如他所料发生剧烈崩 盘，这笔投资的潜在回报可能超过10亿美元。 电影《大空头》原型Michael Burry再次站在了华尔街主流共识的对立面，这一次，他的目标是支撑美股牛市的AI双雄——英伟达和Palantir。Burry 坚信市场已脱离现实，AI行业正在形成类 ...

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the “Greed” zone on Friday.U.S. stocks settled slightly lower on Friday, with the Nasdaq Composite falling around 0.1% during the session marked by thin liquidity and low volumes following the Christmas market closure.For the week, the S&P 500 jumped 1.4% to record its fourth weekly surge in five weeks. The Dow and Nasdaq also added over 1% last week.In energy markets, WTI crude fell on Friday am ...

Key Highlights: Stock futures were flat to slightly higher Sunday evening in a New Year's holiday-shortened week, after Trump and Zelensky held "productive†talks on a Russia-Ukraine peace plan. Last week, US stocks hovered near record highs in thin holiday trade, with the S&P 500 ending little changed and the Nasdaq 100 slipping 0.1% as materials and tech outperformed while consumer discretionary and energy lagged. Nvidia (NASDAQ:NVDA) gained on an AI licensing deal, and precious metals surged to fresh reco ...

美银证券发表研究报告指，英伟达与初创公司Groq于圣诞节前夕宣布达成AI推理技术非独家授权协 议，市场估计交易潜在价值可能高达200亿美元，而Groq主要管理团队成员将加入英伟达，属令人意外 的消息，因Groq专注于开发语言处理器(LPU)，与英伟达以设计和销售图形处理器(GPU)而闻名不同。 该行认为，此次交易或反映英伟达已意识到，虽然GPU主导AI训练，但快速转向推理可能需要更专用 的芯片，同时相信不同的硬件为未来的GPU及LPU产品路线图和定价增添复杂性，但英伟达亦可为客户 提供更多选择，应对市场竞争。该行维持对英伟达的"买入"评级，对此次交易长远看法正面，继续列为 首选股，目标价275美元。 ...

AI播客：换个方式听播客 下载mp3 音频由扣子空间生成 周一，白银短暂超越英伟达（NVDA），成为全球市值第二大资产。这一历史性洗牌标志着资本正从科技股向实体大宗商品深度轮换。 白银的加速上涨为贵金属长达一年的涨势画上了阶段性句号。推动这一轮上涨的因素包括各国央行增持贵金属、交易所交易基金（ETF）资金流入，以及美 联储连续三次降息。借贷成本下降对不产生利息的大宗商品构成利好，交易员们预计2026年美联储将进一步降息。 "毫无疑问：我们正在见证白银市场上演一场跨代泡沫，"澳大利亚IG集团市场分析师托尼·西卡莫尔（Tony Sycamore）向彭博新闻社表示，"新建矿山需要长 达10年时间才能投产，而资本正像飞蛾扑火般涌入这场贵金属泡沫，目前根本无法判断泡沫何时会破裂。" 实物供应短缺 推动白银价格上涨的因素有两方面：长期的实物供应短缺和货币需求的复苏。 与主要作为投资品持有的黄金不同，白银年供应量中约50%用于工业应用。太阳能光伏产业的爆发式增长以及汽车行业的电气化进程，已将伦敦和纽约仓库 的白银库存消耗至数十年低点。 颇具讽刺意味的是，正是曾推动英伟达市值突破4万亿美元的人工智能（AI）热潮，加剧了白银的 ...

Market Overview - The year was characterized by high-conviction bets and rapid reversals across various markets, including bonds, currencies, and stocks [1] - Investors engaged in significant bets on political shifts, inflated balance sheets, and speculative narratives, leading to both substantial gains and losses [2][3] Cryptocurrency Trends - The Trump brand initially drove momentum in the cryptocurrency market, with various tokens launched by Trump family members experiencing significant but short-lived rallies [4][5] - By December 23, Trump's memecoin had dropped over 80% from its January high, while Melania Trump's token fell nearly 99% [6] - The volatility in crypto assets highlighted the speculative nature of the market, where political momentum could not shield investments from core market patterns [7] Defence Stocks Surge - A geopolitical shift led to a significant rise in European defence stocks, with companies like Rheinmetall AG and Leonardo SpA seeing year-to-date gains of approximately 150% and over 90%, respectively [10] - Asset managers, previously hesitant to invest in defence due to ESG concerns, began to redefine their mandates and invest heavily in the sector [11][12] - A Bloomberg basket of European defence stocks rose over 70% for the year, indicating a major shift in capital allocation towards defence as a public good [12] Debasement Trade Narrative - Heavy debt loads in major economies prompted investors to seek refuge in gold and alternative assets, leading to the emergence of the "debasement trade" narrative [13] - In October, both gold and Bitcoin reached record highs amid concerns over the US fiscal outlook and a prolonged government shutdown [14] - Despite the initial rise, Bitcoin later slumped, and the dollar stabilized, illustrating the complexities of the debasement trade [15][16] South Korean Stock Market - South Korea's benchmark equity index surged over 70% in 2025, driven by President Lee Jae Myung's efforts to enhance capital markets [18] - Foreign investment increased significantly, while local retail investors remained net sellers, indicating a disconnect between domestic sentiment and foreign capital inflows [20] Japanese Bonds - The "widowmaker" trade against Japanese bonds turned profitable in 2025 as yields surged, driven by interest rate hikes and increased government spending [26][27] - The benchmark 10-year JGB yields surpassed 2%, marking levels not seen in decades, while the overall bond market faced significant declines [28][29] Credit Market Dynamics - The credit market in 2025 experienced a series of smaller collapses, exposing poor lending practices and leading to significant losses for investors [40][41] - Companies like Saks Global and New Fortress Energy faced severe financial difficulties, prompting a reevaluation of credit risk and lending standards [41][42] Fannie Mae and Freddie Mac - Following Donald Trump's re-election, shares of Fannie Mae and Freddie Mac surged by 367% from the start of the year to their September high, driven by optimism regarding potential privatization [34][35] - The possibility of an IPO valuing the companies at around $500 billion further fueled investor interest, despite ongoing skepticism about the timeline for such a move [35][36] Turkish Carry Trade Collapse - The Turkish carry trade, initially favored by investors, collapsed following political unrest, leading to significant outflows from Turkish lira-denominated assets [37][39] - By December 23, the lira had weakened by 17% against the dollar, highlighting the risks associated with high-yield investments in politically unstable environments [39]

（责任编辑：宋政 HN002） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容的准确性、可靠性或完整性提供任何明示或暗示的保证。请 读者仅作参考，并请自行承担全部责任。邮箱：news_center@staff.hexun.com 格隆汇12月29日｜国际现货白银价格周一暴力上涨，最高至83.87美元，再创历史新高，年内涨幅最高达190%。Companiesmarketcap数据显示，在连续几日 的暴力拉涨中，白银全球总市值已达到4.49万亿美元，超越苹果，成为全球第三大资产，并有望与英伟达争夺全球第二大资产宝座。 ...

| Rank ◀ | Name | | ◆ Market | | --- | --- | --- | --- | | 1 | | Gold GOLD | $31.! | | 2 | | NVIDIA NVDA | $4.1 | | 3 | | Silver SILVER | $4. | | 4 | | Apple AAPL | $4.1 | 美股频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 周一，国际现货白银价格暴力上涨，最高至83.87美元，再创历史新高，年内涨幅最高达190%。Companiesmarketcap数据显示，在连续几日的暴力拉涨中， 白银全球总市值已达到4.49万亿美元，超越苹果，成为全球第三大资产，并有望与英伟达争夺全球第二大资产宝座。 ...

信达证券近日发布电子行业周报：英伟达200亿美元收购Groq核心资产，LPU架构在推理环节具备优 势。12月25日凌晨，英伟达和Groq宣布达成"非排他性授权协议"，以200亿美元现金价格购买一家"非 GPU"架构企业的技术授权，这是英伟达有史以来最大规模的一笔"投资"。根据芯智讯，英伟达计划于 明年2月中旬开始向中国出口H200芯片，首批预计出货总量为5000-10000套模组，约4-8万颗H200芯 片。 以下为研究报告摘要： 风险提示：电子行业发展不及预期；宏观经济波动风险；地缘政治风险。（信达证券 莫文宇,杨宇轩,王 义夫） 英伟达200亿美元收购Groq核心资产，LPU架构在推理环节具备优势。12月25日凌晨，英伟达和Groq宣 布达成"非排他性授权协议"，以200亿美元现金价格购买一家"非GPU"架构企业的技术授权，这是英伟 达有史以来最大规模的一笔"投资"。该项授权协议主要内容包括：1）业务分割：英伟达将获得Groq的 所有资产与技术授权，但Groq旗下的GroqCloud云端业务并不在交易范围内，将维持独立运作；2）人 才吸纳：作为该协议的一部分，Groq的创始人Jonathan Ross、G ...