Key Takeaways Baidu is scaling enterprise AI using ERNIE models, cloud infrastructure and industry-focused applications.Alibaba Cloud is expanding AI services with Qwen models while facing margin pressure in its cloud business. Baidu trades at a lower forward price-to-sales ratio than Alibaba, pointing to differing valuation levels.Baidu (BIDU) and Alibaba (BABA) are among China’s most established technology conglomerates, operating within the domestic tech sector. AI and cloud computing have become central ...

All three are buys, but for different reasons.Fears of a recession did not materialize this year. However, it's always worth it for investors to buy shares of companies that can perform well during economic downturns. Solid dividend stocks that routinely increase their payouts are especially attractive in that regard, since they tend to have businesses equipped to withstand challenging times.Let's discuss three stocks to buy to prepare your portfolio for any recession that may lay ahead: Microsoft (MSFT 0.5 ...

Core Insights - The global data storage market is expected to grow significantly, driven by AI, cloud computing, and cybersecurity, with Seagate Technology Holdings plc (STX) and Western Digital Corporation (WDC) as key players in the HDD and broader storage solutions market [1][3]. Seagate Technology Holdings plc (STX) - Seagate focuses on high-capacity HDDs for cloud data centers, experiencing a 34% year-over-year increase in data center revenue to $2.1 billion, which now constitutes about 80% of total sales [2][6]. - The company anticipates AI-driven data growth to enhance operational momentum and profitability, with long-term contracts providing revenue visibility [5][8]. - Seagate's product roadmap includes advancements in HAMR technology, with over 1 million Mozaic HAMR drives shipped, and a target of up to 10TB per disk, offering a competitive edge in cost efficiency [7][6]. - For fiscal 2026, Seagate forecasts revenue of approximately $2.7 billion, reflecting a 16% year-over-year growth, with non-GAAP operating margins near 30% [8]. - Seagate's financial strategy includes returning at least 75% of free cash flow to shareholders through dividends and buybacks, with $153 million in dividends and $29 million in share repurchases reported in the fiscal first quarter [8][10]. Western Digital Corporation (WDC) - Western Digital benefits from AI-led demand, with a 23% year-over-year increase in shipments to 204 exabytes, supported by multi-year customer agreements [11][12]. - The separation of its HDD and Flash businesses is expected to unlock shareholder value, allowing for independent valuation and focused growth in the HDD market [12]. - WDC's disciplined capital allocation resulted in $672 million in operating cash flow in the fiscal first quarter, enabling $592 million in buybacks and dividends [13]. - The company is on track with HAMR development, with initial hyperscaler qualification expected in the first half of 2026, supporting future revenue growth [13]. - WDC's shares trade at a lower forward P/E ratio of 19.95 compared to Seagate's 23.12, making it more attractive from a valuation perspective [19]. Market Outlook - The global data storage market is projected to grow from $250.8 billion in 2025 to $483.9 billion by 2030, with the HDD segment expected to reach $111.2 billion by 2035 [3]. - Both companies are positioned to benefit from AI-driven data growth, but with differing risk profiles; Seagate offers higher near-term upside while Western Digital presents a more balanced and resilient investment option [24][25].

Core Insights - Khaveen Investments is a global investment advisory firm focused on serving high-net-worth individuals, corporations, associations, and institutions [1] - The firm is a registered investment adviser with the SEC and offers a range of services including market and security research, business valuation, and wealth management [1] - The flagship Macroquantamental Hedge Fund maintains a diversified portfolio across various asset classes, geographies, sectors, and industries [1] - The investment approach integrates top-down and bottom-up analysis, utilizing three core strategies: global macro, fundamental, and quantitative [1] - The firm's expertise is concentrated in disruptive technologies such as Artificial Intelligence, Cloud Computing, 5G, Autonomous and Electric Vehicles, FinTech, Augmented and Virtual Reality, and the Internet of Things (IoT) [1]

文 |《瞭望》新闻周刊记者 钱沛杉 在位于江苏南京的紫金山实验室，一台设备以恒定节奏持续颠动着乒乓球，小球可以长时间规律地圆周 跳动，仿佛被丝线精确操控。这是全球首个面向6G的"时延有界确定性无线接入演示系统"。整个颠球 过程，完全依靠6G网络实时无线控制，展现对时延和稳定性的极高控制能力。 6G最大的变化，是将实现通信卫星与地面网络、低空平台的深度融合，构建"空—天—地—海"无缝覆 盖的全域网络，让地球上每一个角落都能随时畅享高速互联 当5G正以高速率、低时延和海量连接，改变社会生产和生活模式时，新一代移动通信的全球竞合已启 幕。业内认为，6G将从底层重构信息传递、处理与认知的方式，成为支撑智能时代的关键基础设施， 即未来数字社会的"神经网络"。 太赫兹波独特的物理特性使其兼具通信与感知能力。这意味着6G网络不仅能传递信息，还能像雷达一 样，对周围环境进行高精度成像、测距和特征识别，实现通信感知一体化。 紫金山实验室正在验证的无人机送药正是这一特性的应用。依托紫金山实验室6G网络，无人机从百信 药房（文化名园店）起飞，跨越7.4公里城市空域，可精准抵达科技城店，配送效率达人工2～3倍，大 幅缩短送货时间，解 ...

Oracle Corporation (NYSE:ORCL) is one of the most active US stocks to buy according to analysts. On December 15, Phillip Securities lowered the firm’s price target on Oracle to $344 from $350 and maintained a Buy rating on the shares. The firm raised its 2026 capital expenditure outlook for Oracle from $35 billion to $50 billion. The increased spending reflects the firm’s continued confidence in the company’s dual role as a specialized cloud provider/OCI and a comprehensive full-stack AI leader. Earlier ...

本报讯(记者袁传玺)天眼查工商信息显示，近日，酷派智算科技(深圳)有限公司成立，注册资本500万 元，经营范围包括工业控制计算机及系统制造、云计算设备制造、人工智能应用软件开发、人工智能理 论与算法软件开发等。股东信息显示，该公司由酷派智投科技(深圳)有限公司全资持股。 ...

Company Overview - Khaveen Investments is a global Investment Advisory Firm focused on serving the investment needs of high-net-worth individuals, corporations, associations, and institutions [1] - The firm is a registered investment adviser with the Securities Exchange Commission (SEC) [1] - It offers a range of services including market and security research, business valuation, and wealth management [1] Investment Strategy - The flagship Macroquantamental Hedge Fund maintains a diversified portfolio with exposure to hundreds of investments across various asset classes, geographies, sectors, and industries [1] - The investment approach integrates top-down and bottom-up analysis, utilizing three core strategies: global macro, fundamental, and quantitative [1] Core Expertise - Khaveen Investments specializes in disruptive technologies that are transforming modern industries [1] - Key focus areas include Artificial Intelligence, Cloud Computing, 5G, Autonomous and Electric Vehicles, FinTech, Augmented and Virtual Reality, and the Internet of Things (IoT) [1]

Core Insights - The article discusses the investment journey and insights gained from the experience of a seasoned analyst in the investment banking sector, particularly focusing on Nvidia as a successful investment choice. Company Insights - Nvidia has been a strong performer in the market, particularly benefiting from the surge in demand for graphics processing units (GPUs) driven by the rise of AI technologies like ChatGPT [3][4]. - The CEO of Nvidia, Jensen Huang, is highlighted as a dynamic leader whose vision and management have been pivotal in the company's success, similar to other tech giants like Apple and Microsoft [4][6]. Industry Trends - There has been a significant shift in enterprise focus from traditional, siloed data centers to cloud-managed networks, which require less upfront investment and are more efficient [7]. - Major cloud service providers such as Amazon's AWS, Alphabet, and Microsoft have capitalized on this trend by monetizing their underused compute capacity, indicating a broader industry shift towards cloud computing [8].

行业主要上市公司：深信服(300454.SZ);天融信(002212.SZ);山石网科(688030.SH);迪普科技(300768.SZ); 锐捷网络(301165.SZ);启明星辰(002439.SZ);奇安信(688561.SH);绿盟科技(300369.SZ)等 中国防火墙行业竞争者入场进程 从代表性企业入场进程来看，华为和天融信入场相对较早，于1990年前成立;大多数企业在1995-2007年 间成立，2000年后成立的企业数量较多。从入场时间情况来看，天融信入场时间最早，1985年成立。从 注册资本情况来看，华为的注册资本较高，其注册资本超过410亿元。 中国防火墙行业市场集中度 2025年第一季度，中国防火墙行业市场集中度相对较高。从数据上看，华为市场占比为28%，新华三市 场占比为22%，CR2占比约50%。2025年第一季度华为超过天融信是行业中的龙头企业。华为防火墙产 品凭借内嵌的Emulator微内核脱壳引擎AI 安全检测算法，未知威胁检测率达95%，较强的技术性能为其 赢得了大量市场订单。 近年来，中国企业处于数字化转型的关键阶段，云计算、大数据、物联网、5G等技术广泛渗透到各行 各业 ...