On CNBC's “Halftime Report Final Trades,” Jim Lebenthal, partner at Cerity Partners, said Adobe Inc. (NASDAQ:ADBE)  had a terrible couple of years, but the earnings continue to come in better-than-expected, and the stock is starting to respond.As per the recent news, Adobe, on Dec. 18, 2025, disclosed a multi-year strategic partnership with Runway to deliver the next generation of AI video for creators, studios and brands.Stephen Weiss, chief investment officer and managing partner of Short Hills Capital Pa ...

Core Viewpoint - Nvidia has shown resilience in the face of economic uncertainties and trade tensions, recovering from a low of below $87 per share to reach all-time highs, becoming the first company with a $5 trillion market cap [1] Group 1: Nvidia's Market Position and Performance - Nvidia controls approximately 80% of the AI accelerator market, primarily through its H100/H200 GPUs and CUDA software ecosystem, making it difficult for customers to switch suppliers [3] - Data center revenue has increased significantly from $4.3 billion in Q1 2023 to over $35.6 billion in Q4 2024, driven by continuous innovation in GPU architecture and energy efficiency [4] - Nvidia has maintained industry-leading gross margins at 73% in Q4 FY2025, despite concerns about competition potentially eroding these margins [5] Group 2: Stock Price Predictions and Scenarios - In a bull case scenario, Nvidia's stock price could reach $491 per share by 2030, representing a 163.3% increase from current levels, assuming net income of around $240 billion and sustained margins [6][7] - The base case for Nvidia's stock price is estimated at $241 per share by 2030, with a market cap of $8.9 trillion [10][15] - The bear case suggests a potential drop to $38 per share if the AI narrative fails, which would significantly impact Nvidia's valuation and growth prospects [11][12] Group 3: Growth Drivers and Challenges - Analysts project data center revenue could grow at a 25% CAGR to $351 billion by 2030, with gross margins remaining above 70% due to limited competition in high-end AI training chips [8] - Automotive revenue is expected to grow at a 50% CAGR to $25 billion by 2030, contingent on achieving a 15% to 20% penetration of Level 4 autonomy [8] - The success of the AI narrative is crucial for Nvidia's growth; any slowdown in AI development could adversely affect revenue and margins, leading to a reassessment of the stock's growth premium [15]

U.S. stocks settled lower on Wednesday, with the Dow Jones index falling more than 300 points during the session. The S&P 500 also declined for the fourth straight session, but recorded gains for 2025.The S&P 500 jumped 16.39% for the year, recording its third consecutive double-digit annual surge, while the Nasdaq Composite gained 20.36%. The Dow, meanwhile, added 12.97% in 2025.Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impre ...

Group 1: Stock Performance and Analyst Sentiment - Nvidia's stock has shown remarkable success, with a significant rally starting in late 2022, and is still considered a strong buy as 2026 approaches [1] - Wall Street analysts predict an average stock price increase of 40.91% over the next 12 months, with recent ratings uniformly positive, forecasting rallies between 26% and 60.86% [2][3] - The least optimistic forecast from UBS suggests a rise to $235 from a closing price of $186.50, while the most bullish forecast from Cantor Fitzgerald anticipates a price of $300 [3] Group 2: Catalysts for Growth - A key catalyst for Nvidia's growth is the expected resumption of chip exports to China in February, which is anticipated to boost investor confidence despite uncertainties regarding market conditions [4] - Nvidia's technological advancements, particularly the upcoming Rubin (R100) architecture, are expected to further enhance its competitive edge in the semiconductor market [5] Group 3: Competitive Pressures and Market Dynamics - Concerns exist regarding the rapid arrival of new architectures, which may lead to obsolescence of existing hardware, as well as the circular nature of AI investment deals [6] - Rising competition from major technology firms like Amazon, which are developing custom chips, poses a threat to Nvidia's market position, especially given the high price of its products [7] - Despite strong performance in 2025, where Nvidia shares rose 34.84% from $138.31 to $186.50, the company faces challenges as data center operators may seek cheaper alternatives [8][9]

格隆汇1月2日 | 入选逻辑：英伟达不仅是AI时代的"卖铲人",更是定义AI计算标准的"总设计师";拥 有"CUDA软件+GPU硬件+Networking网络"的软硬一体化护城河，难以被逾越；受益于全球云巨头资本 开支(CapEx)指数级增长及Blackwell/Rubin新平台的选代。 H 哈隆汇 - DEALER TO NVDA) 核心入选逻辑 历史地位:如同PC时代的英特尔、移动时代的苹果,Al时代属于英伟达 缩放定律(Scaling Laws):预训练、后训练和推理的算力需求持续验证"良性循环" (算力普及->模型更强->应用落地->更多算力) 基建规模:CEO黄仁勋预测,到2030年全球AI基础设施年建设规模将达3-4万亿美元 "军备竞赛" 五大云厂商 总设计师地位:英伟达不仅是Al时代的"卖铲人",更是定义Al计算标准的"总设计师" 生态壁垒:拥有"CUDA软件+GPU硬件+Networking网络"的软硬一体化护城河,难以被逾越 业绩确定性:受益于全球云巨头资本开支(CapEx)指数级增长及Blackwell/Rubin新平台的迭代 2025年五大云厂商 (微软、谷歌、Meta、亚马逊、甲骨文) ...

AI正在重塑全球经济的底层逻辑——标普500指数75%的涨幅、80%的利润、90%的资本开支都直接源于AI产业。 在这场颠覆性浪潮中，英伟达（NVDA）早已超越"AI芯片龙头"的单一标签，从AI时代的"卖铲人"进化为定义算力规则、垄断产业命脉的"总设计师"。 从1999年IPO时仅6.26亿美元的市值，到如今一度突破5万亿美元，26年间8000倍的涨幅、约40%的年化回报率，英伟达用实打实的成长证明：每一次计算 时代的更迭，都会诞生一位无可撼动的王者。 PC时代属于英特尔，移动互联网时代属于高通和苹果，而AI时代，注定是英伟达的主场。 01 算力革命的核心：为什么非英伟达不可？ 英伟达的行业统治力，并非偶然的产品成功，而是技术、生态、需求三重共振的必然结果，构筑起对手难以企及的竞争壁垒，成为AI基建狂潮中无可替 代的核心。 1.需求端：指数级爆发的算力缺口，五大云厂商"军备竞赛"托底 AI的本质是算力的较量，而当前算力需求正以指数级速度爆发。 根据英伟达FY26Q3电话会披露，预训练、后训练、推理三大缩放定律依然有效，形成了"计算资源普及→更先进模型诞生→应用场景落地→催生更多算力 需求"的良性循环。 这一循 ...

European stocks are seen opening mixed on the first trading day of 2026 on Friday, following the New Year's Day holiday.U.S. equity futures ticked higher after the major indexes fell for a fourth straight session on Wednesday to wrap up 2025. But full-year performance was robust, with the tech-heavy Nasdaq Composite rallying by 20.4 percent for the year, the S&P 500 surging by 16.4 percent and the Dow adding 13.0 percent amid the euphoria around AI-linked stocks.Closer home, the Stoxx 600 index soared 17 p ...

Core Insights - Wall Street's first IPO of the year is the successful listing of Birran Technology on the Hong Kong Stock Exchange, marking it as the first GPU stock in the Hong Kong market with an opening price of HKD 19.60 per share and a market capitalization exceeding HKD 100 billion [1][2] Company Overview - Birran Technology was founded in 2019 by Harvard PhD Zhang Wen, who transitioned from Wall Street to entrepreneurship, focusing on the GPU chip sector [2][4] - The company has attracted significant investment interest, with 23 top-tier investment institutions planning to subscribe for HKD 28.99 billion, achieving a remarkable subscription rate of over 2300 times [2] Technological Development - Birran Technology has adopted a challenging technical route, aiming to develop large GPGPU chips that compete with next-generation products from international giants [6][9] - The company successfully launched its first general-purpose GPU chip, the BR100 series, in March 2022, achieving a peak computing power of 10 petaflops per second, directly competing with NVIDIA's flagship products [7][9] Financial Performance - The revenue trajectory of Birran Technology shows significant growth, with revenues of RMB 0.499 million in 2022, RMB 0.62 billion in 2023, and projected revenues of RMB 3.37 billion in 2024 [9] - The company has secured substantial orders, with a total value of approximately RMB 20 billion from various sectors, including telecommunications and AI data centers [15][16] Market Position and Future Outlook - The Chinese intelligent computing chip market is projected to grow from USD 1.7 billion in 2020 to USD 30.1 billion by 2024, with a compound annual growth rate (CAGR) of 105% [15] - Birran Technology's strategic positioning and technological advancements are expected to play a crucial role in the domestic GPU market, which is increasingly moving towards self-sufficiency and reducing reliance on imports [16][17]

格隆汇1月2日｜美股2025年行情收官，受益于人工智能(AI)技术的全面爆发，大型科技股年内走势强 劲。"七巨头"中以谷歌母公司Alphabet升幅最大，全年累涨近66%，是自2009年金融危机以来涨幅最大 的一年。其次是英伟达，全年累计升幅38.92%，总市值达4.53万亿美元，稳居美股市值第一宝座。另 外，微软、Meta Platforms及特斯拉均录得两位数升幅，分别为15.58%、13.09%及11.36%，而苹果及亚 马逊升幅相比较小，分别为9.05%及5.21%。 | | | 2025年美股"七巨头"表现 | | | --- | --- | --- | --- | | 序号 | 个股名称 | 累计涨幅 | 总市值(美元) | | 1 | 谷歌A | 65.99% | 3.78万亿 | | 2 | 英伟达 | 38.92% | 4.53万亿 | | 3 | 微软 | 15.58% | 3.59万亿 | | 4 | Meta Platforms | 13.09% | 1.66万亿 | | 5 | 特斯拉 | 11.36% | 1.5万亿 | | 6 | 苹果 | 9.05% | 4.02万亿 | | ...

Core Insights - Walt Disney is undergoing a significant transformation in the media industry, with its linear TV business declining as streaming services gain dominance. Despite challenges, Disney's streaming business is performing well, and the company continues to lead at the box office with several potential blockbusters planned for 2026. However, the future of the movie theater business remains uncertain [1][9]. Group 1: Company Performance - Disney's experiences segment, which includes its parks and cruise ships, generated $36 billion in revenue and nearly $10 billion in operating profit in fiscal 2025, showcasing the strength of its intellectual property and franchises like Marvel and Star Wars [5]. - The stock is currently trading at around 17 times fiscal 2025 earnings, with expectations of double-digit EPS growth in fiscal 2026 and 2027, indicating that the valuation may be attractive given the value of Disney's media properties [7]. Group 2: Industry Context - The media industry is shifting, with streaming services becoming increasingly important, which may pressure Disney's results in the near term. However, the company has a history of adaptation and is expected to navigate these changes successfully [6][9]. - Warner Bros. Discovery, a competitor, is likely to be acquired for at least $72 billion, highlighting the value of content and intellectual property in the industry, which is a strong point for Disney as well [4].