智通财经2月20日讯（编辑 刘蕊）本周五，美股三大股指期货微幅下跌。在关键经济数据公布以及美国 最高法院可能就特朗普关税政策做出重要裁决之前，美股股指期货市场交易员基本都在屏息静待。 截至发稿，标准普尔500指数期货下跌0.18%，道琼斯指数下跌0.13%，纳斯达克指数下跌0.13%美股三 大期指悉数下跌 沃尔玛业绩展望打击市场情绪。 特朗普表示将在未来10天内决定是否对伊朗发动军事打击后，伊朗称如遭侵略将作出果断回应。随着美 伊紧张局势加剧，市场担忧情绪加重，油价也随之上涨。 美股太空概念股盘前走强，火箭实验室涨近1%，AST SpaceMobile涨1.5%，"SpaceX概念基金"DXYZ涨 1.1%。加密货币概念股美股盘前普涨，Strategy、Coinbase、Circle、MARA涨超1%。 个股方面，AI应用股Applovin美股盘前涨超6%。消息面上，公司拟与OpenAI展开合作，通过广告实现 商业化。谷歌美股盘前涨1.5%。消息面上，公司此前发布Gemini 3.1 Pro，核心推理性能直接翻倍。 本周五晚间晚些时候，交易员们将于获得有关美国经济状况的最新信息——美国第四季度国内生产总值 （ ...

2025年的中国消费市场，喧嚣与裂变并存。 这一年，外卖大战烧掉300亿，最终被AI的"1分钱奶茶"意外终结；预制菜危机引爆全民信任博弈，倒逼国标出台；硬折扣狂飙突进，软折扣节节后退；奶 皮子从内蒙牧场席卷全国货架，药食同源突破3700亿规模。 这一年，国际巨头集体"卖身"求存，中产阶层在消费祛魅中反复破防；减肥成为国家战略，港交所IPO锣声不绝。 九大关键词背后，是同一个底层逻辑的显影——中国消费市场正在告别泡沫叙事，回归效率、价值与信任的本质竞争。当潮水褪去，真正的玩家才刚刚入 场。 外卖大战 上线9小时问鼎苹果APP下载榜，阿里千问用一招"1分钱喝奶茶"，杀死了持续一年的外卖大战，还顺手拿下2026年AI大战的赛点。那句互动超3000万次 的"帮我买"，没有技术、全是感情，只能说一代人有一代人的鸡蛋要领。 很少有人记得，外卖大战的第一枪是京东打响的。 2025年2月，京东高调推出外卖业务，用"全面免佣+为全职骑手缴五险一金+刘强东亲自送外卖"的组合拳，向长期由美团、阿里垄断的外卖格局发起猛 冲。随后，"双寡头"迅速跟进补贴竞赛，美团打"0元购"，淘宝就喊"1天5顿我全包"，最终演变为一场互联网三巨头主导 ...

Airbus capable of developing a fighter alone, CEO says amid FCAS row | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Item 1 of 2 Guillaume Faury, CEO of Airbus, poses during the Adopt AI International Summit at the Grand Palais in Paris, France, November 26, 2025. REUTERS/Abdul Saboor/File Photo[1/2]Guillaume Faury, CEO of Airbus, poses during the Adopt AI International Summit at the Grand Palais in Paris, France, November 26, 2025 ...

Group 1 - Advanced Micro Devices (AMD) has agreed to guarantee a $300 million loan for cloud computing startup Crusoe, with a proposal to buy back chips if Crusoe fails to attract customers [1][2] - The loan, backed by Goldman Sachs, has a locked-in interest rate of around 6%, significantly lower than what Crusoe would have achieved without AMD's backing [2] - Crusoe is installing AMD chips in a new data center in Ohio, transitioning from a cryptocurrency focus to AI infrastructure, and is part of the emerging "neoclouds" sector [2] Group 2 - AMD is making strategic moves to compete with Nvidia, including expanding its partnership with Tata Consultancy Services to roll out a new AI data center design [4] - In Q4, AMD reported record revenue of $10.3 billion, a 34% year-over-year increase, with the Data Center segment reaching $5.4 billion and expected to grow over 60% annually in the next three to five years [4] - AMD has a momentum score of 88.93% and a quality rating of 92.81%, although its shares have declined 8.99% year-to-date [5]

随着美国证券交易委员会(SEC)2025年第四季度13F持仓报告披露收官，高瓴(HHLR)、景林、高毅、东方港湾及喜马拉雅资本等五家头部中资机构的美股持 仓动态浮出水面。 具体来看，HHLR第四季度的调仓核心聚焦中概电商龙头，拼多多与阿里巴巴构成组合"双核心"，合计占比达65%。其中，第一大重仓股拼多多获大幅增 持，持仓市值12.16亿美元，占比从28%升至39%；第二大重仓股阿里巴巴持仓市值7.96亿美元，占比从14.4%大幅提升至26%。 创新药赛道延续坚守，百济神州、传奇生物、Arrivent Bio Pharma仍位列前十大重仓。其他关键操作包括：增持台积电，首次建仓iShares比特币ETF；减持 富途、Webull等金融科技标的；清仓了冬海集团等非核心中概股。前十大重仓股中，中概股占据七席，市值占比高达92%，中资核心资产的配置地位进一步 强化。 在全球流动性边际变化与AI产业分化的背景下，五大机构调仓呈现"共识与分歧并存"的鲜明特征：中概电商龙头拼多多(PDD.US)获集体加仓，成为跨机构 的最大共识；谷歌(GOOG.US)取代英伟达(NVDA.US)成为多家机构的新投资核心；高瓴极致收缩聚焦" ...

Core Viewpoint - Auddia Inc. announced the expiration of its publicly traded warrants, which ceased trading on February 18, 2026, and became void after February 19, 2026, with no impact on the company's common stock [1][2]. Company Developments - Auddia is in the process of a transformational business combination that will lead to the formation of McCarthy Finney, Inc., which will provide AI and web3 shared services to its subsidiaries. The new entity will trade under the ticker MCFN upon closing of the merger [3]. - Auddia's proprietary AI platform is revolutionizing consumer engagement with audio content, including AM/FM radio and podcasts, while also enhancing how artists and labels promote their music [4]. Product Offerings - Auddia's flagship audio superapp, faidr, is free for listeners and offers unique listening experiences, including AI-enabled ad-free listening, content skipping across AM/FM stations, and integrated artist discovery features [4][6].

21世纪经济报道记者黄子潇 A股尚处春节休市期，港股已抢先开市。 大年初四（2月20日），港股迎来马年首个交易日。截至收盘，恒生指数跌1.10%，恒生科技指数跌2.91%。 尽管大盘的"开门红"未能如愿，但"春晚效应"正在显现，多只机器人概念股逆势走高。 同日，香港交易所、香港黄金交易所均举行新春开市仪式，港交所主席唐家成表示，今年以来已有24只新股上市，募资金额超过870亿港元，目前有488家企 业正在排队等候上市。"希望港股市场气氛能一直延续整个马年。"他表示。 此外，香港金市收获红盘。 港交所举行马年新春开市仪式。来源：港交所官网 恒指走弱收跌，机器人板块逆势上涨 2月20日，恒生指数低开后维持震荡，截至收盘全日下跌1.1%；恒生科技指数受软件板块拖累表现较弱，收跌2.91%。 从成交量来看，恒生指数、恒生科技指数等交易量均较节前（2月13日）降幅近40%，原因或为港股通的缺席。Wind数据显示，2025年港股通成交额占港股 市场总成交比例约55.3%。春节休市时间表显示，2月14日至2月23日，A股、沪/深港通（北向）、港股通（南向）均处于休市期，而港股在除夕（2月16 日）开市半日，在初四（2月20 ...

Group 1 - The company Constellation (CEG) has transformed from a nuclear energy operator to a significant supplier of AI economy infrastructure [1] - The focus of the analysis is on uncovering high-upside opportunities in overlooked sectors, particularly in small-cap, energy, commodities, and special situations [1] - The investment strategy emphasizes growth, looking for fundamental momentum indicators such as EPS, ROE, and revenue [1] Group 2 - The analyst has been managing personal capital since 2020 and has been advising under MiFID II after obtaining a license [1] - The educational background includes a bachelor's degree in Business Administration and Economics, with a master's thesis focused on the impact of financial results announcements on stock returns and trading volumes of micro-cap gold mining companies [1]

2月20日，港股在马年首个交易日走弱，三大指数集体收跌。 Wind数据显示，截至收盘，恒生指数跌1.1%，恒生科技指数跌2.91%，恒生中国企业指数跌1.22%。AI"新秀"表现亮眼，智谱大涨42.72%，MiniMax-WP 涨14.52%，资金从大型互联网科技权重股，流向AI"新秀"企业。 AI"新秀"获市场青睐 Wind数据显示，截至收盘，智谱大涨42.72%，MiniMax-WP涨14.52%，市值均突破3000亿港元。 1月8日和9日，智谱与MiniMax相继登陆港交所。Wind数据显示，上市以来，智谱股价累计涨超504%，MiniMax股价累计涨超312%。 机器人概念股活跃 从恒生综合行业指数来看，能源板块领涨，收涨1.62%；医疗保健、工业、电讯、金融及地产建筑板块涨幅居前。非必需性消费板块领跌，收跌3%；信息 科技、必需性消费及原材料等板块跌幅靠前。 恒生科技指数权重股普遍下跌。截至收盘，京东健康、百度集团-SW跌超6%，华虹半导体、金蝶国际、腾讯音乐-SW、哔哩哔哩-W等跌幅均超5%，阿里 巴巴-W跌近5%。 | < w | 恒生科技(HSTECH) 5211.50 -156.02 -2. ...

Core Viewpoint - SAP, a leading software company for large businesses, has been affected by the recent selloff in software stocks driven by AI concerns [1] Group 1: Company Overview - SAP is recognized as the company behind the software that supports the majority of large businesses globally [1] Group 2: Market Context - The company was not immune to the widespread panic selling in the software sector related to artificial intelligence [1]