人工智能投资主题正在发生转移。 随着大型云服务提供商向新数据中心投入数十亿美元，投资者正在抢购技术基础设施领域的"卖铲人"股票，而非此前主导市场的芯片巨头。 这一轮AI交易的受益者已从英伟达等明星公司扩散至数据存储、电力供应、建筑承包等更广泛的产业链环节。 数据存储领域仍有增长空间 华尔街预计数据存储板块在2026年将保持热度。不过，今年赢家的繁荣期可能即将结束。例如，分析师对Sandisk在2026年的平均目标价为264美元，较当前 约244美元的价格仅上涨约8%。 据统计数据显示，数据存储公司在2025年主导了标普500指数涨幅榜。闪迪股价飙升近580%，成为该基准指数表现最佳的股票，西部数据公司位列第二，希 捷科技排名第四。 与此同时，与AI相关的电力供应商以及电缆和光纤生产商，如Amphenol Corp.、Corning Inc.、NRG Energy Inc.和GE Vernova Inc.均跻身前25名。 这与过去几年形成鲜明对比。作为最初的AI"卖铲人"，英伟达曾长期占据标普500指数顶级股票之列。但该芯片巨头2025年仅上涨40%，成为今年该指数第71 位表现最佳的股票。 尽管英伟达及云计算 ...

Core Viewpoint - Marvell is positioned as an undervalued player in the AI chip market, with significant growth potential despite recent stock performance challenges [2][6]. Group 1: Company Performance - Marvell's stock has declined over 20% year-to-date, contrasting with its impressive revenue and earnings growth [2]. - The company reported a 37% year-over-year revenue growth in Q3 FY26, indicating strong potential for future performance [6]. Group 2: Market Position and Demand - Marvell produces custom AI chips tailored for specific workloads, offering a cost-effective alternative to Nvidia's GPUs [3]. - The company has established partnerships with major tech firms like Amazon, Alphabet, Microsoft, and Meta, providing a stable revenue base that is expected to grow as AI investments increase [4]. Group 3: Margin Improvement Opportunities - Marvell currently has profit margins around 10%, significantly lower than competitors like Broadcom, which reported nearly 50% net profit margin [7]. - There is potential for Marvell to improve its margins to 20% in the coming years, which could substantially increase its market value [7]. Group 4: Strategic Moves - The acquisition of Celestial AI positions Marvell as a leader in AI data center infrastructure, enhancing its market share and profit potential [8]. - Marvell's decision to sell its automotive ethernet business for $2.5 billion allows for reinvestment into AI-focused initiatives, aligning with its long-term strategy [9][10].

Market Overview - Major stocks ended a six-session winning streak, the longest since September, with the S&P 500 reaching a record high last week [1][10] - The S&P 500 lost 9.50 points (0.14%) to close at 6,896.24 points, the Nasdaq Composite fell 55.27 points (0.23%) to 23,419.08, and the Dow Jones Industrial Average decreased by 94.87 points (0.20%) to 48,367.06 [4][11] Sector Performance - Losses in Goldman Sachs and American Express negatively impacted the Dow, while Citigroup's stock fell 0.8% following the announcement of the sale of its Russian unit, AO Citibank, to Renaissance Capital, resulting in a pre-tax loss of approximately $1.2 billion [3][11] - Communication services stocks gained, driven by a 1.1% rise in Meta Platforms, which announced the acquisition of AI startup Manus [10] Economic Indicators - The S&P 500 and Dow are on track for their eighth consecutive month of gains, the longest winning streak since 2017, with some investors anticipating a "Santa Claus rally" [5][11] - The U.S. Federal Reserve is expected to keep interest rates unchanged in its upcoming meeting on January 27-28, following a nuanced debate about economic risks [6][7] Trading Activity - Trading volumes were lower than average, with U.S. exchanges recording 12.63 billion shares, compared to a 20-day average of 16.03 billion [9][11] - On the NYSE, declining issues outnumbered advancers by a 1.06-to-1 ratio, while on the Nasdaq, the ratio was 1.64-to-1 [9][11] Global Events Impact - Russia's toughened negotiating stance following accusations against Kyiv has supported oil prices, leading to a 0.8% rise in S&P's energy sub-index [8][11]

Core Viewpoint - Intel is poised to regain its competitive edge in the semiconductor industry, with significant stock gains and strategic partnerships enhancing its market position [1][2]. Group 1: Stock Performance - Intel's stock surged by 80% in 2025, particularly in the latter half of the year, driven by favorable developments including government investments and a partnership with Nvidia [2]. - The stock is currently trading at $37.29, with a market capitalization of $175 billion [6][7]. Group 2: Competitive Landscape - Intel has lagged behind Taiwan Semiconductor Manufacturing Company (TSMC) due to delays in advanced process node development, resulting in lost market share in key areas like server and client CPUs [5]. - TSMC's upcoming 2nm process node is expected to be 15% more powerful and 35% more energy efficient than its 3nm node, which has already gained traction among major customers [8]. Group 3: Manufacturing Capacity and Technology - Intel's Fab 52 facility in Arizona is equipped with advanced semiconductor manufacturing equipment and has a current production capacity of 10,000 wafer starts per month, with potential to quadruple that output [9][10]. - Intel's 18A process is reported to outperform TSMC's and Samsung's equivalent nodes, positioning the company favorably as it ramps up production [10]. Group 4: Financial Outlook - Intel is expected to report an adjusted profit of $0.34 per share in 2025, a significant improvement from a loss of $0.13 per share in 2024, indicating strong earnings growth potential [14]. - Analysts project a 12-month median price target of $40 for Intel's stock, suggesting a potential upside of 10% in the next year, although the stock is currently considered expensive [12][13]. Group 5: Future Catalysts - New catalysts, including the partnership with Nvidia and the ramp-up of the 18A process, could drive further stock gains in 2026, potentially exceeding current price targets [16].

Core Insights - ByteDance plans to invest approximately 100 billion yuan ($14.29 billion) in artificial intelligence chips from Nvidia in 2026, marking a significant increase from around 85 billion yuan in 2025 [1] Investment Plans - The investment in AI chips represents a strategic move by ByteDance to enhance its technological capabilities and maintain competitiveness in the AI sector [1] - The increase in spending from 85 billion yuan to 100 billion yuan indicates ByteDance's commitment to expanding its AI infrastructure [1]

智通财经APP获悉，有媒体援引知情人士透露的消息报道称，"AI芯片超级霸主"兼全球最高市值公司英 伟达(NVDA.US)在此前豪掷200亿美元拿下Groq核心团队后不久，正在就以20亿美元至30亿美元收购总 部位于以色列的人工智能领军者AI21 Labs进行深入收购谈判。 英伟达此次欲拿下AI21 Labs，加之前不久与AI芯片初创公司Groq达成的200亿美元非独家授权合作协 议，将其AI推理技术授权给英伟达，并且在交易完成后Groq创始人及核心研发团队将加入英伟达，可 谓共同凸显出随着"全球AI推理大浪潮"全面来袭，叠加谷歌TPU AI算力集群带来的越来越大竞争压 力，英伟达力争通过"多架构AI算力+巩固CUDA生态+引进更多AI芯片设计人才"来维持其在AI芯片领 域高达80%市场份额的绝对主导权，并且英伟达欲以Groq+AI21连下关键两子锁住AI全栈话语权。 据了解，以色列AI初创公司AI21 Labs聚焦于开发大语言模型(即LLM)，并使企业能够快速构建类似 ChatGPT的定制化企业级生成式AI应用，在企业AI生态具备重要地位。该公司于2017年由Amnon Shashua共同创立，Shashua ...

Core Viewpoint - NVIDIA Corp. is in advanced discussions to acquire AI21 Labs for an estimated $2 billion to $3 billion, primarily to enhance its talent pool amid competition from Google's chip development efforts [1][2]. Group 1: Acquisition Details - The acquisition is aimed at gaining AI21 Labs' 200-person workforce, which possesses advanced degrees and specialized expertise in machine learning [3]. - AI21 Labs has shifted its business focus from consumer tools to enterprise solutions, with its flagship product, Maestro, aiming to improve model accuracy by 50% [4]. Group 2: Financial Context - AI21 Labs generates approximately $50 million in annual revenue, which is significantly lower than the billions earned by competitors like OpenAI [4]. Group 3: Strategic Expansion - If the deal is finalized, it would mark NVIDIA's fourth major acquisition in Israel, a region the company considers a "second home" [5]. - NVIDIA's CEO has announced plans to build a large campus in Kiryat Tivon, potentially accommodating 10,000 employees by 2031 [5]. Group 4: Recent Acquisitions - This potential acquisition follows NVIDIA's recent $20 billion deal with Groq, which also involved a significant transfer of high-level talent, including Groq's founder and key team members [6].

IT之家 12 月 31 日消息，据以色列财经日报《Calcalist》报道，英伟达正就收购以色列人工智能初创公司 AI21 Labs 进行深入谈判，交易 金额最高可达 30 亿美元（IT之家注：现汇率约合 210.5 亿元人民币）。 在 2023 年的一轮融资中，AI21 Labs 的估值达到 14 亿美元（现汇率约合 98.23 亿元人民币），英伟达与 Alphabet 旗下的谷歌参与了该轮 融资。 英伟达首席执行官黄仁勋曾将以色列称为公司的"第二故乡"。 英伟达表示，这座研发园区的设计灵感源自公司位于美国加州圣克拉拉的总部，总占地 90 德南（约合 8.9 公顷），建成后将包含总面积 达 16 万平方米的办公区域、园区绿地及公共空间。该项目预计于 2027 年动工，2031 年实现首批员工入驻。 目前英伟达的市值已突破 4 万亿美元，成为全球市值最高的企业。该公司正计划大举扩张在以色列的业务，拟在海法市以南的基里亚提夫 翁地区新建一座研发园区，未来可容纳多达 1 万名员工。海法是以色列的第三大城市。 AI21 Labs 由阿姆农・沙舒阿等人于 2017 年创立，是一众借人工智能热潮崛起的初创企业之一，吸 ...

作为中国企业资源共享服务领域的领军者，天九企服通过"天九老板云"平台及线下服务网络，构建了覆 盖全国的资源共享生态体系。弗若斯特沙利文数据显示，按收入计，天九企服连续多年位居中国企业资 源共享服务提供商首位，2024年市场份额超5.4%。 智通财经APP获悉，12月30日，中国领先的企业资源共享服务平台天九共享智慧企业服务股份有限公司 （以下简称"天九企服"或"公司"）递交A1表，建银国际、交银国际担任联合保荐机构。 若此次IPO成功，天九企服或将成为"中国企业资源共享服务第一股"。其背后的"企业资源共享服务"这 条充满机遇的独特赛道也逐渐浮出水面。 智通财经APP注意到，天九企服董事长兼CEO为戈峻，后者拥有近25年跨国科技巨头管理经验，曾先后 担任英特尔、苹果、英伟达等三家世界500强的全球副总裁，曾主导英特尔(INTC.US)、苹果公司 (AAPL.US)在华的主要投资。 自2019年执掌天九企服以来，戈峻引入国际化的项目管理方法与数字化转型理念，推动公司从早期 的"活动组织者"成功蜕变为"企业成长资源共享平台的打造者"。 当前，在中国经济加速转型升级、新旧动能转换的关键阶段，企业普遍面临"创新活力"与 ...

Expense differences, sector breadth, and risk profiles set these two leading tech ETFs apart for investors seeking tailored exposure.The iShares Semiconductor ETF (SOXX 0.13%) and the Fidelity MSCI Information Technology Index ETF (FTEC 0.32%) differ most in sector focus, cost, and historical risk, giving each a distinct role for tech-focused investors.SOXX focuses on U.S. semiconductor stocks, while FTEC tracks a broader U.S. tech index that encompasses hardware, software, and communications. For those wei ...