Core Insights - The podcast episode reviews the stock market performance of 2025, highlighting the influence of the AI boom and investor psychology on market behavior [2][6]. Group 1: Market Performance - Major indexes such as the S&P 500, NASDAQ, and Dow were analyzed for their performance in 2025, with a focus on how different sectors fared [6]. - The episode discusses the implications of the AI boom, particularly NVIDIA's dominance, and draws parallels to lessons from the dot-com era [6]. Group 2: Investment Strategies - The discussion includes strategies for gaining AI exposure without directly investing in NVIDIA, emphasizing the importance of sector winners, particularly in energy and infrastructure [6]. - The podcast addresses the psychological aspects of investing, such as FOMO (Fear of Missing Out) and the tendency to chase top performers, especially during market volatility [6]. Group 3: Handling Volatility - The episode provides insights on managing investments when stocks are down, advocating for a fundamentals-first approach [6]. - It also covers the normalization of margins to value cyclical businesses, which is crucial for understanding market fluctuations [6].

AIPress.com.cn报道 为了规避供应链断裂的风险，字节跳动在策略上表现得极为老练：一方面通过在新加坡注册的子公司 Picoheart 负责高端芯片业务；另一方面，字节内部千人规模的芯片团队已取得突破，成功研发了一款性能对标英伟达 H20 但成本更低的自研处理器。 12月31日消息，字节跳动再次抛出震撼全球半导体行业的"军备计划"。据《南华早报》报道，字节跳动已初步 计划在 2026 年向英伟达（Nvidia）订购价值约 140 亿美元（约 1000 亿人民币） 的 AI 芯片，较 2025 年的 850 亿人民币预算有显著增长。 目前，这一庞大计划的关键变数在于美国政府是否准许英伟达向中国客户交付性能更强的 H200 GPU。 字节跳动对算力的"无底洞"需求主要源于其庞大的产品矩阵。旗下 AI 助手"豆包"的每日 token 处理量已从 2024 年底的 4 万亿暴增至目前的 50 万亿；而火山引擎作为春晚独家 AI 云合作伙伴，更是承载了数亿人次的瞬时并 发需求。 近期多方消息指出，字节也在与华为洽谈价值约400 亿人民币 的"昇腾"系列芯片订单。这种"英伟达+华为+自 研"的三位一体布局，反映了 ...

Core Viewpoint - Nvidia's stock has experienced significant growth due to the surge in demand for AI products, with shares rising approximately 39% in 2025, following a 171% increase in 2024 [1][2]. Financial Performance - In fiscal Q3 2025, Nvidia reported quarterly revenue of $57.0 billion, reflecting a 62% year-over-year increase, which is an acceleration from 56% growth in fiscal Q2 [4]. - The company's net income for fiscal Q2 was $26.4 billion, up 59% year-over-year, and increased to $31.9 billion in fiscal Q3, marking a 65% year-over-year growth [5]. - For the trailing nine months ending October 26, 2025, Nvidia's revenue grew 62% year-over-year to $147.8 billion, while net income rose 52% year-over-year to $77.1 billion [6]. Market Dynamics - Nvidia's CEO, Jensen Huang, highlighted that the demand for AI products is driven by three significant platform shifts: the transition from CPUs to GPUs, the transformation of existing applications and creation of new ones through AI, and the rise of agentic AI systems [8]. - The current valuation of Nvidia's stock, with a price-to-earnings ratio of 46, raises questions about sustainability, depending on the perceived longevity of the demand boom [7]. Investment Considerations - For investors optimistic about the ongoing platform shifts, Nvidia shares may appear attractive, while those skeptical might consider taking profits [9]. - The potential for increased competition from major tech companies like Amazon and Alphabet poses a risk to Nvidia's market position [10]. - Investors may consider trimming their positions if Nvidia has become an oversized part of a diversified portfolio, while maintaining a smaller stake could allow for benefits if the demand boom continues [11]. - Doubling down on Nvidia shares is advised against unless there is a significant market pullback, as the stock has already seen substantial gains [12].

本文源自：金融界AI电报 英伟达股价周三收盘下跌0.6%，有报道称英伟达与台积电接洽，希望其能帮助提高H200人工智能AI芯 片的产量；英伟达全年上涨38.88%。 ...

Core Viewpoint - ByteDance plans to invest RMB 100 billion (approximately NT$ 44.82 billion) to purchase NVIDIA H200 chips by 2026, pending approval from the U.S. Department of Commerce, which could lead to significant business opportunities for Inventec in AI server manufacturing, potentially exceeding market expectations [1] Group 1: Investment Plans - ByteDance is set to invest RMB 100 billion in NVIDIA H200 chips by 2026 [1] - The investment is contingent upon receiving approval from the U.S. Department of Commerce [1] Group 2: AI Development - ByteDance is actively developing its own AI model, aiming for its chatbot "Doubao" to process over 50 trillion tokens daily by December 2025, a significant increase from 4 trillion tokens by December 2024 [1] - The president of ByteDance's cloud service division, Volcano Engine, revealed that over 100 enterprise clients are currently using more than 1 trillion tokens, indicating a high demand for computing power [1] Group 3: Market Expectations - The industry anticipates that Inventec may secure a substantial AI server manufacturing order this year, which could lead to better-than-expected performance [1]

欲览更多环球财经资讯，请移步7×24小时实时财经新闻 市场 1月1日收盘：美股周三收跌 三大指数2025年均录得涨幅 1月1日美股成交额前20：传今年英伟达GPU将大幅涨价 1月1日热门中概股普跌 小鹏汽车跌4.65%，蔚来跌7.27% 油价录得2020年以来最大年度跌幅 现货黄金2025年涨超60% 现货白银全年涨约148% 欧洲股市收于近纪录高位 创2021年以来最佳年度表现 宏观 特朗普：将从芝加哥、洛杉矶和波特兰撤走国民警卫队 谈判受挫后 特朗普转发批评普京的社论 特朗普连任后首次动用否决权 叫停两党基建项目 遭报复指控 美国在南方司令部辖区内打击三艘贩毒船 造成三人死亡 美国制裁四艘与委内瑞拉有关的原油油轮 美国与盟友商讨加强对乌克兰的安全保障 美政府终止数万移民临时保护身份遭法官叫停 美方延长塞尔维亚石油公司运营许可 美国申请失业救济人数下滑，为就业市场颠簸的一年画上句号 保加利亚加入欧元区 成为第21个使用欧元的国家 土耳其宣布对持普通护照中国公民免签 公司 来源：环球市场播报 谷歌创2009年以来华尔街最佳表现，AI业务势头强劲跑赢科技同行 评论 沃伦·巴菲特正式退休 卸任伯克希尔 10年期美 ...

After a year with double-digit gains across the major indexes, light New Year’s Eve trading extended a late‑December pullback today. The S&P 500 (SNPINDEX:^GSPC) fell 0.74% to 6,845.50, the Nasdaq Composite (NASDAQINDEX:^IXIC) lost 0.76% to 23,241.99, and the Dow Jones Industrial Average (DJINDEX: ^DJI) slipped 0.63% to 48,063.29. Market movers Chinese EV makers Nio (NYSE:NIO) and Xpeng (NYSE:XPEV) were among notable Nasdaq decliners today. Nio erased some of yesterday's gains, but still finished the we ...

Powell came into 2025 on the heels of three end-of-year rate cuts in 2024, leading many to hope more cuts were coming. Instead, he pressed pause for fear that further rate cuts, as President Trump's higher-than-expected tariffs took effect, would lead to runaway inflation similar to that of 2021.The Federal Reserve has never had it easy. Its dual mandate of low unemployment and low inflation sounds simple enough. However, those goals often conflict with one another. Raising rates slows inflation, but it als ...

Key Points SoundHound's top-line growth is exploding, but much of this can be credited to recent acquisitions. The voice and speech AI specialist looks likely to continue struggling to generate consistent profits. 10 stocks we like better than SoundHound AI › A good rule of thumb is to avoid hyped-up stocks that have rallied substantially without a corresponding improvement in fundamentals like profitability or cash flow. SoundHound AI (NASDAQ: SOUN) is an excellent example of this concept. Shares t ...

Market Performance - The U.S. stock market is experiencing a subdued finish to 2025, with major indexes trending lower for the fourth consecutive session [1][2] - The S&P 500 is down approximately 0.2% to 0.3%, the Nasdaq Composite has declined about 0.1% to 0.3%, and the Dow Jones Industrial Average has slipped around 0.2% to 0.5% [2] - Despite the recent pullback, the Nasdaq Composite is expected to conclude the year with a gain of over 21%, the S&P 500 with a 17% increase, and the Dow with a 13% advance [3] Economic Outlook - The U.S. stock markets will be closed on January 1, 2026, for New Year's Day, with trading resuming on January 2, 2026 [4] - Key economic indicators and corporate earnings will be closely monitored in early January, including Initial Claims and the ISM Manufacturing report [5] Corporate Developments - Nike shares advanced by 4.3% after CEO Elliott Hill purchased approximately $1 million worth of shares [7] - Meta Platforms, Inc. saw a 1.1% rise in shares following its acquisition of AI startup Manus [7] - Citigroup Inc. shares declined by 0.8% after approving the sale of its Russian unit, expected to result in a $1.2 billion pre-tax loss [8] - Boeing gained 0.6% on securing an $8.58 billion U.S. Air Force contract [8] - Intel shares rose by 1.7% as Nvidia completed a $5 billion investment in the company [8] Notable Decliners - Micron Technology shares were down 2.7%, despite a year-to-date gain of 248% [9] - Broadcom fell by 1.1%, and Ares Management Corporation saw a significant decline of 3.4% within the S&P 500 Index [9] Year-End Reflection - Investors are reflecting on a year characterized by robust gains, particularly in the technology sector driven by AI advancements, alongside periods of volatility influenced by geopolitical events and shifts in monetary policy [11]