The Zacks Communication-Network Software industry players like A10 Networks (ATEN) and Ondas (ONDS) are gaining from the ongoing digitalization efforts, including a shift to cloud computing and the rapid deployment of 5G-based networks. The strong demand for network security benefits industry participants, as a secure environment is required to run cloud-based applications. Industry players are leveraging artificial intelligence (AI) and machine learning to develop security solutions, thereby providing bett ...

Core Viewpoint - Alphabet's stock price increased by 1.7% following news of OpenAI's collaboration with Google for enhanced cloud computing capabilities [1] Company Summary - OpenAI is partnering with Google to access more computing power through a new cloud computing collaboration [1] Industry Summary - The collaboration highlights the growing importance of cloud computing in the tech industry, particularly in the context of AI development and deployment [1]

润弘大厦T1栋是罗湖区重点打造的人工智能产业标杆载体，是区域产业升级的标志性项目，以"AI创新 中心"为核心定位，聚焦人工智能、大数据、云计算等前沿科技领域，致力于构建集技术研发、企业孵 化、成果转化于一体的综合性创新平台。 罗湖区企业服务中心为"统计员之家"会员详细讲解了支持企业高质量发展的若干政策措施，区统计局工 作人员开展了企业纳统及统计电子台账培训。相关工作人员与企业家代表、一线统计工作者进行了互动 交流，对企业提出的入库纳统标准、时间节点、政策申请等问题进行了逐一解答。 深圳商报·读创客户端记者 卢晓丽 为全面了解园区企业经营情况，畅通企业了解政策渠道，助力企业创新发展，日前，罗湖区重点园区统 计工作站揭牌仪式在润弘大厦T1栋举行。 重点园区统计工作站挂牌后，将构建"全面监测—精准触达—高效服务—政策直通"四位一体的园区统计 工作机制，一方面，能够为存量企业提供更细致全面的数据填报指导、市场动态分析等服务，帮助企业 用好用活统计数据，在政策申报、战略决策中抢占先机；另一方面，通过指导"小升规"企业，为增量企 业提供及时全面的统计服务，真正实现 "数""政""企" 三方良性互动。 （主办方供图） 据介 ...

Core Viewpoint - ByteDance's Volcano Engine is rapidly growing and is projected to approach Baidu's Intelligent Cloud in revenue by 2024, with significant growth targets set for 2025 [1][3]. Group 1: Revenue Projections - Volcano Engine's revenue is expected to exceed 12 billion in 2024 and 25 billion in 2025, with a doubling growth rate [1]. - Baidu's Intelligent Cloud is projected to have a revenue of 21.8 billion in 2024, with a 30% growth forecast for 2025, reaching around 28 billion [1]. Group 2: Market Position and Product Offerings - Volcano Engine, a cloud service platform under ByteDance, offers a range of services including cloud infrastructure, AI, and content distribution [3]. - The demand for AI is significantly boosting the performance of domestic cloud service providers, particularly benefiting Volcano Engine [3]. Group 3: Competitive Landscape - Volcano Engine holds a 46.4% share of the public cloud model invocation in China, significantly outpacing competitors like Baidu and Alibaba [3]. - The daily invocation volume of the Doubao model reached 12.7 trillion tokens in March 2025, marking a nearly 100-fold year-on-year increase [3]. Group 4: Pricing Strategy - Volcano Engine's pricing strategy includes aggressive price cuts, with the Doubao model priced at 0.0008 yuan per 1,000 tokens, which is 99.3% lower than industry standards [5]. - The company is actively targeting clients from competitors like Alibaba Cloud and Tencent Cloud, offering prices as low as 20-30% of their rates [5]. Group 5: Future Outlook - Volcano Engine aims for a revenue target of 100 billion in the coming years, potentially reshaping the competitive landscape dominated by Alibaba Cloud, Huawei Cloud, Tencent Cloud, and Baidu Intelligent Cloud [8]. - The current market dynamics may evolve into a three-way competition among Alibaba Cloud, Huawei Cloud, and Volcano Engine [8].

Price Target Asia Software Technologies Boris Van +852 2123 2617 boris.van@bernsteinsg.com Kingdee Software Rating Outperform 268.HK 18.00 HKD 10 June 2025 Positive development in the push for higher quality revenue: The key point is less in the price increase but Kingdee progressing to improve the revenue/gross margin structural relationship impacted by the large percentage of services revenue in the Cloud business. By "penalizing" additional customization, it enables better management of implementation he ...

1.【 阿里千问3全球下载量破千万 】6月9日消息，记者获悉，阿里通义千问3大模型开源一个月全球 累计下载量突破1250万。在Hugging Face、魔搭社区和Ollama等主流AI开源平台上，千问3的 0.6B、8B、30B和32B四种尺寸模型下载量均突破百万。Hugging Face数据还显示，千问系列衍生 模型数量已超13万个，位列全球第一。（界面新闻） 2. 【Canalys：预计2025年AI手机渗透率将达到34%】 6月9日消息， Canalys预计2025年AI手机 渗透率将达到34%，端侧模型的精简以及芯片算力的升级将进一步助推AI手机向中端价位段渗透。 2025年芯片厂商发布的新款次旗舰SoC已经具备了流畅运行端侧大模型的能力，Deepseek的出现也 在很大程度上降低了大模型对于芯片算力的开销，在这两大因素的共同作用下，2025-2026年AI手 机仍预计会保持高速渗透的趋势。（科创板日报） 3. 【周鸿祎解读DeepSeek更新：中美AI实力已经势均力敌】360公司创始人周鸿祎6月9日发文解读 DeepSeek更新。他表示，此次DeepSeek-R1模型的小版本更新，使得DeepSee ...

Core Insights - Amazon is investing at least $20 billion in Pennsylvania to expand its data center infrastructure, focusing on artificial intelligence (AI) and cloud computing technologies [1][2] - The project will create at least 1,250 new jobs and support thousands more in the Amazon Web Services (AWS) data center supply chain [3] - This investment is part of Amazon's broader strategy to enhance its AI capabilities and cloud infrastructure, following a similar $10 billion investment in North Carolina [5] Investment Details - The investment will be directed towards "innovation campuses" located in Salem Township and Falls Township, with potential expansions to other communities in Pennsylvania [2] - The new jobs will include roles such as data center engineers, network specialists, engineering operations managers, and security specialists [3] Strategic Implications - Amazon's investment reinforces its commitment to advancing AI innovation and creating economic opportunities in Pennsylvania [4] - The company aims to drive the next generation of technology innovation while benefiting local communities through workforce development programs and community initiatives [5] Competitive Landscape - Amazon and Walmart are both leveraging AI to redefine shopping experiences and logistics, with Amazon enhancing its warehouse and logistics network using robots [6] - Both companies are facing challenges due to changing consumer behavior and a slower-growth environment post-pandemic, as indicated by recent earnings reports [8]

Group 1 - The article highlights the importance of weekly announcements from Sunday to Thursday, which include significant stock market updates such as suspensions, increases or decreases in holdings, investment wins, acquisitions, earnings reports, unlocks, and high transfers [1] - It emphasizes the need for investors to identify potential investment hotspots and to guard against various black swan events by having sufficient time to analyze and find suitable listed companies [1] - The article mentions three companies with notable developments: one focusing on innovative drugs, weight loss drugs, and AI in medicine; another involved in cloud computing, digital currency, blockchain, mobile payments, and AI, which has completed integration with major banks for the digital RMB system; and a third company planning a major asset restructuring to concentrate on clean energy generation [1]

Group 1: Acquisition and Strategic Focus - NETGEAR Inc. (NTGR) has signed a definitive agreement to acquire Exium, a cybersecurity company, emphasizing its commitment to cloud-based innovations and networking solutions for SMEs and MSPs [1][10] - The acquisition aims to create a fully integrated SASE platform, combining networking and cybersecurity functions to meet the evolving needs of SMEs [2][4] Group 2: Market Potential and Growth - The SASE market is projected to reach $25 billion by 2027, growing at a CAGR of 29%, driven by the shift towards cloud-driven networking and security solutions [3] - By integrating Exium's technology, NETGEAR for Business (NFB) plans to offer a comprehensive solution that combines wired and wireless connectivity with advanced security features [3][4] Group 3: Financial Performance and Outlook - Revenues in the NFB segment increased by 15.4% year over year to $79.2 million, with a gross margin improvement to 46.3%, reflecting a 440 basis point increase from the previous year [6] - NETGEAR reported $8.7 million in recurring revenues with a subscriber base of 559,000, which is crucial for long-term financial health [8] Group 4: Seasonal Trends and Challenges - The company's business follows a seasonal pattern, with higher sales typically in the third and fourth quarters due to back-to-school and holiday shopping [9] - Supply constraints for certain managed switch models are expected to improve starting in the second quarter of the year [7]

Core Insights - Oracle is set to report its fiscal fourth-quarter 2025 results on June 11, with total revenues expected to grow between 9-11% at constant currency and 8-10% in dollar terms, with a consensus estimate of $15.54 billion, indicating an 8.8% increase year-over-year [1][2] Revenue and Earnings Expectations - Non-GAAP EPS is projected to grow between 0% to 2%, ranging from $1.62 to $1.66 at constant currency and $1.61 to $1.65 in USD, with a consensus estimate of $1.64 per share, reflecting a 0.61% growth from the previous year [2] - The company experienced a negative earnings surprise of 0.68% in the last reported quarter, missing earnings expectations in three of the last four quarters [4][5] Factors Influencing Results - Strong cloud momentum is countered by recent execution challenges, with remaining performance obligations reaching $130 billion, indicating robust demand fundamentals despite a revenue miss in Q3 [6][7] - Strategic partnerships with Google Cloud and Microsoft Azure are expected to enhance Oracle's market reach and address growth constraints [8] - AI initiatives have gained traction, with integrations enhancing product differentiation and sector-specific solutions potentially driving adoption [9] Capacity and Competitive Landscape - Capacity constraints that affected growth in the previous quarter may continue to limit revenue conversion despite strong booking activity [10] - Oracle's shares have declined by 10.1% over the past six months, underperforming the Zacks Computer and Technology sector [11] - Competitors like AWS, Google Cloud, and Microsoft Azure dominate the cloud space, accounting for 63% of total enterprise spending on cloud infrastructure services in Q1 2025 [15] Valuation Considerations - Oracle is trading at a premium price/book ratio of 27.73X compared to the Zacks Computer-Software industry average of 8.89X, indicating a stretched valuation [16] - The investment proposition presents a balanced risk-reward scenario, with strong long-term fundamentals but recent execution challenges suggesting near-term volatility [19] Conclusion - Oracle's substantial cloud backlog and AI positioning support long-term growth prospects, but recent performance volatility and premium valuation warrant caution [20]