来源：搜狐财经 2月21日，英伟达公布了2026财年第四季度财报，再次以碾压式的数字震撼市场。总营收高达681.3亿美 元，同比增长73%；GAAP净利润达到429.6亿美元，同比猛增94%——相当于平均每天净赚超过4.7亿美 元。营收、利润、现金流三项核心指标均创历史单季新高。 这份财报的核心逻辑只有一个词：AI。所有增长几乎全部由数据中心业务驱动，其单季收入达到623.1 亿美元，占总营收比例历史性地突破了91.5%。这个数字意味着，英伟达已经从一家"游戏显卡公司"彻 底变为全球AI基础设施的核心供应商。 数据中心业务内部，有一个更值得关注的结构性变化：网络业务（Networking）的收入同比暴增 263%，达到110亿美元。这背后是NVLink互联技术的爆发，英伟达通过"计算芯片+高速网络"的系统级 方案，正在把自己的护城河越挖越深。CEO黄仁勋将其描述为"AI工厂"的基础设施：不只是卖一块芯 片，而是卖一套完整的"算力工厂"解决方案。 在一片叫好声中，市场的目光更聚焦于AI的下一战场——推理（Inference）。这里的推理是指AI模型训 练完成后，真正被用户调用、生成回答的过程，所消耗的算力就是推 ...

Core Viewpoint - Alibaba's AI assistant "Qianwen" is entering the AI hardware market, launching multiple products globally in 2026, starting with AI glasses at the Mobile World Congress in Barcelona [1] Group 1: Product Launch - Qianwen will unveil its first AI glasses at the 2026 Mobile World Congress in Barcelona, with online and offline reservations starting on March 2 [1] - In addition to AI glasses, Qianwen plans to release AI rings and AI headphones later this year, targeting the global market [1] Group 2: Product Features - Qianwen aims to integrate software and hardware across various device forms, allowing it to capture more information from the physical world and understand user intent in complex scenarios [1] - The Qianwen app's capabilities, such as food delivery and ride-hailing, will seamlessly connect to the AI glasses and other terminal devices [1]

Core Viewpoint - More than 100 Google A.I. employees have expressed their opposition to the use of Gemini for U.S. surveillance and certain autonomous weapons, highlighting ethical concerns within the company regarding the application of artificial intelligence technology [1] Group 1 - Over 100 employees from Google A.I. have signed a letter directed to Jeff Dean, the chief scientist, indicating their disapproval of Gemini's deployment for surveillance purposes [1] - The letter specifically addresses concerns about the potential use of Gemini in the context of autonomous weapons, raising ethical questions about the technology's implications [1]

今日A股开盘后，人工智能AIETF（515070）震荡为主。截至10点06分，人工智能AIETF （515070）跌1.17%，持仓股拓维信息涨停，芯原股份、光环新网、昆仑万维等涨幅居前。 每日经济新闻 （责任编辑：董萍萍 ） 【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 2月26日，联想智库发布《2026企业AI十大趋势》，报告揭示了AI产业在2026年的关键演进方向， 包括商业模式变革、算力与效能革命、物理AI落地、治理与需求、国产与开源等。报告指出，企业级 AI已进入价值创造的跨越期，如何将AI与业务战略、组织架构及产业生态深度协同，将成为未来一年 企业竞争的核心命题。 中信建投认为，AI大模型仍在持续迭代升级，竞争远未结束，大模型的商业变现路径畅通，正在 从"低价/免费圈地"阶段走向"为高质量付费"阶段，且带动的算力需求非常旺盛，建议关注AI应用板 块，特别是端侧AI Agent的进展。 人工智 ...

早盘A股软件赛道盘中异动，截至9点55分，创业板软件ETF华夏（159256）涨1.54%，持仓股顺网 科技涨超9%，网宿科技涨超6%，润和软件、每日互动涨超5%。场内交投活跃，创业板软件ETF华夏 （159256）盘中成交额在同指数标的中排名第一。 相关产品：创业板软件ETF华夏（159256）、创业板200ETF华夏（159573）、人工智能AIETF （515070）。 每日经济新闻 （责任编辑：董萍萍 ） 消息方面，在英伟达公布超出预期的业绩后，黄仁勋接受美国媒体采访时表示，市场误判了AI对 软件公司的威胁，AI助手不会取代软件工具，而是会反过来使用它们，大批软件公司将使用AI助手来 开发软件并提高效率："我们今天所使用的所有这些工具，无论是Cadence、Synopsys、ServiceNow还是 SAP，它们的存在都有一个根本且正当的理由。AI助手将成为智能软件，能够代表我们使用这些工具， 帮助我们大幅提升生产力......归根结底，我们需要工具来完成具体工作，并以我们能够理解的方式把信 息反馈给我们。"这一观点表明，AI浪潮将拓展到整个技术栈，而非掏空它。 中信证券分析指出，近期Anthropi ...

Core Insights - Nvidia reported a significant earnings increase, with revenue rising 73% to $68.1 billion, surpassing estimates of $66.2 billion, and adjusted net income increasing 79% to $39.5 billion, or $1.62 per share, exceeding expectations of $1.54 [1][2] Group 1: Nvidia's Performance - Nvidia's profit margin reached 58%, showcasing its dominance in the AI sector and reflecting strong demand for its chips and AI computing power [2] - Despite the impressive earnings report, investor reaction was muted, with the stock initially rising over 3% but ultimately finishing the after-hours session flat [3][4] - Nvidia's market capitalization is nearing $5 trillion, making it challenging for the stock to experience significant upward movement despite strong growth numbers [4] Group 2: Investment Opportunities - The VanEck Semiconductor ETF (SMH) is highlighted as a strategic investment to capitalize on the AI boom, providing diversified exposure to leading AI stocks [5][7] - The SMH ETF includes top holdings such as Nvidia, Taiwan Semiconductor, Broadcom, Micron, and ASML, which collectively represent about 50% of the fund [7][8] - Other semiconductor stocks within the ETF, like Micron and ASML, have shown substantial growth, with Micron tripling in value over the last six months due to memory chip shortages [9][10] Group 3: Market Outlook - Nvidia's success is expected to positively impact its top holdings, with the potential for other chip stocks to have more upside due to their lower market capitalizations compared to Nvidia [10] - The ongoing AI boom is supported by Nvidia's results, indicating that concerns about an AI bubble are premature [11][12] - The SMH ETF, while not inexpensive with a price-to-earnings ratio of 45, offers a broad range of AI stock exposure and the potential for significant returns as AI spending continues to rise [12]

据《财经》独家消息，AI独角兽公司阶跃星辰正在进行新一轮Pre-IPO融资，本轮融资分两拨交割，第一拨投前估值约40亿美元，计划融资20 亿-30亿元人民币，目前已经确定由一家运营商领投，金额约12亿元人民币，其他老股东跟投，计划在3月6日前完成；第二拨投前估值50亿-60亿 美元，计划在4月中下旬交割。 此外，据了解阶跃星辰计划在今年6月30日前，在港股交表，预期基石定价在100亿美元左右，预计今年年底完成上市。 如果进展顺利，阶跃星辰有望成为中国第三家在港交所上市的AI大模型公司。 今年1月，智谱和MiniMax相继在港股IPO，两家大模型企业上市后一路上涨。 二级市场的表现也直接影响到了一级市场，一位接近阶跃星辰的投资人表示，最新一轮融资已经有不少投资方在排队，"额度很难抢到"。 有长期关注AI领域的投资人表示，智谱和MiniMax股价大涨，引发了不少投资人"害怕错过"的情绪，对于阶跃星辰这类上市希望很大的大模型公 司投资热情高涨。 据《智通财经》援引知情人士消息，阶跃星辰目标递表时间最快在上半年，不过进程上相对紧凑，下半年递表会是一个更从容的安排。 对于上市和融资相关情况，截至发稿，阶跃星辰未有回应。 ...

Media Consolidation - Paramount Global (PARA) is set to acquire Warner Bros. Discovery (WBD) for $111 billion after Netflix (NFLX) withdrew its competing bid, citing a lack of financial attractiveness at the current price [10] - The merger is one of the largest media deals in history, but it faces regulatory scrutiny from California's Department of Justice, which is investigating to ensure it does not harm competition or consumers [3][10] Hyundai's Investment in AI and Robotics - Hyundai Motor Group (HYMTF) announced a significant investment of 6.2 trillion won (approximately $4.3 billion) to build an AI-focused data center and a dedicated robot factory in South Korea, with completion expected by the end of 2029 [4][10] - The data center will support the company's autonomous driving and smart manufacturing initiatives, aiming to establish a dominant position in the global robotics value chain [5] Japanese Market Performance - Japan's TOPIX index reached an all-time high, driven by investor optimism and robust corporate earnings, reinforcing the "Japan is Back" narrative [6][10] - The yield on 20-year Japanese Government Bonds (JGBs) fell by 3 basis points to 2.935%, indicating a cautious approach from investors amid record equity performance [7][10] Pentagon's AI Negotiations - The U.S. Pentagon is in negotiations with Google (GOOGL) and OpenAI to establish limits on the use of AI in military applications, with employees advocating for strict boundaries against autonomous warfare [8][9] - Anthropic has reportedly declined to agree to certain military terms proposed by the Department of Defense, highlighting tensions between technological advancement and ethical considerations in national security [9]

Core Insights - OCS technology is still in the early stages of industrialization, with increasing demand for related components and materials as Google’s usage penetration and customer engagement rise [1] - The OCS technology allows for direct switching of optical signals without O/E/O conversion, significantly reducing latency and power consumption, with potential power savings of over 30% for AI computing clusters and data center interconnect systems [1] - The OCS market is projected to grow rapidly, with an estimated market size of approximately $400 million in 2025 and expected to exceed $2.5 billion by 2029, driven by the demand for AI data centers [3] Industry Overview - OCS technology has four main technical routes: MEMS, liquid crystal, piezoelectric, and silicon waveguide, with MEMS being the fastest to commercialize [2] - Google is shifting from a "self-research + outsourcing" model to OCS system procurement, which is expected to expand the OCS market significantly [2] - Lumentum reported an OCS order backlog exceeding $400 million, primarily from three core customers, indicating strong demand growth [3]

Core Insights - Alibaba's personal AI assistant "Qianwen" is expanding into the AI hardware sector, planning to launch multiple AI hardware products globally this year [1][2] - The first product, an AI glasses named after Qianwen, will be unveiled at the 2026 Mobile World Congress in Barcelona, with pre-orders starting on March 2 [1][2] - Qianwen aims to integrate software and hardware across various devices, enhancing its ability to capture information from the physical world and understand user intent in complex scenarios [2] Product Launches - Qianwen will release not only AI glasses but also AI rings and AI headphones later this year, targeting the global market [2] - The AI assistant's capabilities, such as ordering food and hailing rides, will seamlessly connect to the new hardware devices [2] User Engagement - During the recent Spring Festival, Qianwen's app became a national-level AI assistant, with users placing nearly 200 million orders through the app, averaging one order for every ten people in the country [2] - The app's daily active users have surpassed 73 million, approaching the user base of Doubao [2]