纳斯达克中国金龙指数涨0.21%，热门 中概股多数上涨，禾赛科技涨超4%，再鼎医药涨逾3%， 蔚 来、小鹏汽车、网易涨超1%；BOSS直聘跌逾4%。 编辑 ｜ 钉钉 芯片股普涨，微芯科技涨超6%，美光科技涨逾3%，台积电涨超2%。 1月6日，美股三大指数 开盘 涨跌不一，道指微跌，盘初随即转涨，截至发稿，涨幅为0.04%； 标普 500指数涨0.14%，纳斯达克综合指数涨0.20%。 | 道琼斯 | 纳斯达克 | 标普500 | | --- | --- | --- | | 48998.11 | 23443.12 | 6911.85 | | +20.93 +0.04% | +47.30 +0.20% | +9.80 +0.14% | | 中国金龙指数 | 纳指100期货 | 标普500期货 | | 7915.00 | 25613.25 | 6942.25 | | +16.76 +0.21% | +35.50 +0.14% | -1.50 -0.02% | ...

1月6日恒生指数上涨1.38%，报收26710.45点，全天南向资金通过港股通渠道合计净买入28.79亿港元。 证券时报·数据宝统计，1月6日港股通全天合计成交金额为1333.53亿港元，成交净买入28.79亿港元。 具 体来看，沪市港股通成交金额810.29亿港元，成交净买入9.75亿港元；深市港股通成交金额523.24亿港 元，成交净买入19.03亿港元。 深市港股通前十大成交活跃股中，成交额居首的是阿里巴巴-W，成交金额43.74亿港元；其次是腾讯控 股、中芯国际，成交金额分别为28.76亿港元、20.96亿港元。以净买卖金额统计，有7只股为净买入，净 买入金额最多的是中国平安，净买入10.81亿港元，该股收盘上涨4.96%。净卖出金额最多的是腾讯控 股，净卖出8.15亿港元，收盘股价上涨1.28%。（数据宝） 1月6日港股通成交活跃股 | 代码 | 简称 | 类型 | 成交金额（万港元） | 成交净买入（万港元） | 日涨跌幅（%） | | --- | --- | --- | --- | --- | --- | | 09988 | 阿里巴巴-W | 港股通(沪) | 504918.90 | 20610 ...

证券时报·数据宝统计，腾讯控股在港交所公告显示，1月6日以每股626.500港元至638.000港元的价格回 购100.30万股，回购金额达6.36亿港元。该股当日收盘价632.500港元，上涨1.28%，全天成交额153.14 亿港元。 自2025年11月18日以来公司已连续33日进行回购，合计回购3432.20万股，累计回购金额209.78亿港元。 其间该股累计下跌0.63%。 （文章来源：证券时报网） 今年以来该股累计进行3次回购，合计回购305.00万股，累计回购金额19.07亿港元。（数据宝） 腾讯控股回购明细 | 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2026.01.06 | 100.30 | 638.000 | 626.500 | 63561.01 | | 2026.01.05 | 101.80 | 627.500 | 617.000 | 63555.47 | | 2026.01.02 | 102.90 | 624.000 | 600.500 | 63581.26 ...

Core Viewpoint - The current overseas computing power valuation is reasonable with potential for upward revision, while domestic computing power has significant long-term growth potential and performance expectations are being met [1] Historical Analysis of Technology Bull Markets - The article reviews past technology bull markets (2009-2010 consumer electronics, 2013-2015 gaming, and 2019-2021 lithium battery) to analyze the price performance characteristics during valuation expansion and profit-driven phases, providing a historical reference for the current AI industry chain [2][8] Valuation Expansion Phase Characteristics - During this phase, new technologies emerge without profit support, and industry and policy catalysts create imagination space, driving up valuations. Historical data shows that: - High levels of industry crowding are common, but short-term trading crowding does not affect the overall trend [3][15] - Risk premium effectively measures valuation boundaries, with significant reactions to positive news diminishing when the risk premium falls below a certain threshold [18] - High valuation ranges are sensitive to liquidity changes, with tightening liquidity potentially triggering adjustments [3][18] Profit-Driven Phase Characteristics - In this phase, exceeding profit expectations drives market performance, with historical examples showing: - The need to be cautious of competitive pressures and valuation constraints under endgame thinking [4][21] - Overcapitalization during profit upturns can lead to increased competition and excess capacity, negatively impacting profitability [22][25] Investment Recommendations - Overseas Computing Power: Currently in the profit-driven phase, with ROIC expected to continue rising until Q3 2025, and leading companies' valuations (PE-FY3) are reasonable at 20-30 times, indicating no bubble [5][26] - Domestic Computing Power: Significant long-term growth potential exists, with performance expectations being met and a systemic decline in risk-free rates acting as a catalyst for the next market phase [5][28] - AI Applications: Valuation is attractive, particularly in the internet and media sectors, although the timing and areas for breakout applications are uncertain [5][29]

1月6日恒生指数上涨1.38%，南向资金全天合计成交金额为1333.53亿港元，其中，买入成交681.16亿港 元，卖出成交652.37亿港元，合计净买入金额28.79亿港元。具体来看，港股通（深）累计成交金额 523.24亿港元，买入成交271.14亿港元，卖出成交252.10亿港元，合计净买入金额19.03亿港元；港股通 （沪）累计成交金额810.29亿港元，买入成交410.02亿港元，卖出成交400.27亿港元，合计净买入金额 9.75亿港元。 | 代码 | 简称 | 成交金额（万港元） | 成交净买入（万港元） | 今日涨跌幅（%） | | --- | --- | --- | --- | --- | | 02318 | 中国平安 | 327922.94 | 184022.39 | 4.96 | | 09988 | 阿里巴巴-W | 942273.47 | 161948.26 | -1.31 | | 02628 | 中国人寿 | 84226.17 | 58810.11 | 4.29 | | 01810 | 小米集团-W | 388867.98 | 49658.90 | -1.47 | | 01024 | ...

这两天，一份榜单的发布，让天河区再次成为焦点。 报告通过企业规模、盈利能力、创新能力、成长性、风险防控与社会责任等六大维度、二十类指标的系 统评估，逐年遴选百家领先企业，刻画行业演进轨迹，树立创新实践标杆。 仔细看这份榜单，天河上榜企业中，一个鲜明的特征呼之欲出：出海。 上榜的钛动科技和汇量科技，都是服务中国企业出海的标杆。它们不是简单的"卖货"，而是为品牌提供 从营销、技术到运营的全链路数字化基建。 钛动科技作为扎根天河的国家级高新技术企业与专精特新企业，依托区域完备的产业生态与创新政策， 已快速成长为服务超10万家出海企业的领先数字增长平台。 中国互联网协会公布2025年互联网企业百强榜。广州表现亮眼，共有8家企业上榜，其中5家都来自天河 区，占比高达62.5%。 这五家上榜企业个个实力不俗：钛动科技、库洛科技、趣丸科技、汇量科技、荔枝集团。它们横跨 AI、数字内容、游戏、音频社交、数字贸易等多个最火的赛道，勾勒出天河数字经济多元且厚积薄发 的生态全景。 为什么是天河？这份榜单背后，其实藏着两条清晰的产业线，勾勒出一幅以数字驱动高质量发展的区域 创新图景。 出海"天团"，天河造 这份《中国互联网企业综合实 ...

2026年1月6日，百度百科举办年终知识盛典。正值其20周年前夕，百度百科宣布以AI为核心引擎赋能产品，正式推出"动态百科""百科AI 知识图谱"等全新功能，以生成式交互方式重塑知识获取体验。 截至目前，百度百科词条总量已突破3000万，累计贡献用户数超803万；此外，百度百科"繁星计划"已联合国科大、中科院、北京大学等 头部机构的超10万专家和专业创作者，共建超100万条专业知识。 "动态百科"上线：知识从"可查"迈向"可感、可交互" 例如，在"太阳系"主题的动态百科中，用户不仅能查阅文字描述，更能可视化观察八大行星的实时运行轨迹、透视其内部构造、对比其 天体特征。这种深度交互模式，显著降低了用户理解复杂天体物理知识的认知门槛，让知识真正"活"了起来。 值得一提的是，"动态百科"所有内容均深度依托百度百科经过验证的词条内容体系，覆盖多学科、多领域知识，确保内容的科学性、准 确性与权威性。 容薇表示："AI时代，百度百科变得更全、更快、消费感更强。此次发布的新产品是我们迈向20周年新征程的起点。"她强调，未来，百 度百科将在坚守内容权威性、严谨性的基础上，持续探索知识呈现与获取的更多可能，致力于打造更为"有用 ...

【导读】港股三大指数齐收涨，智能驾驶概念股集体大爆发 1月6日，港股三大指数强势，最终齐齐收涨。截至收盘，恒生指数涨1.38%，报26710.45点；恒生科技指数涨1.46%，报5825.26点；国企指数涨1.05%，报 9244.24点。 盘面上，大型科技股普涨，网易涨近3%，快手涨超2%，百度、腾讯、京东涨超1%；保险、券商股走强，招商证券大涨12%，中金公司（601995）、中信 证券等龙头集体上扬；黄金股、贵金属股涨幅居前，招金矿业涨超7%，紫金矿业（601899）、紫金黄金国际涨超4%。 另一方面，半导体股、零售股、化妆品股、烟草概念股等多数走低。 | 名称 | 现价 | 涨跌幅 | | --- | --- | --- | | 阿里巴巴-W | 150.800 | -1.31% | | 9988.HK | | | | 腾讯控股 | 632.500 | 1.28% | | 0700.HK | | | | 小米集团-W | 38.760 | -1.47% | | 1810.HK | | | | 中芯国际 | 75.600 | -1.18% | | 0981.HK | | | | 泡泡玛特 | 199.5 ...

Group 1 - The core viewpoint of the article highlights that the company, 360, is advancing its AI search capabilities through the development of a nano AI super search agent, which enhances traditional search boundaries and AI tool limitations [1] - The company has restructured and upgraded its underlying technology to provide a more intelligent service, featuring a full-process automation capability that includes understanding intent, automatic planning, task decomposition, tool invocation, execution, and result delivery [1] - In the realm of commercial advertising, the company leverages its self-developed 360 Smart Brain model and 360 CV model to create an AI-driven intelligent marketing paradigm that enhances customer conversion efficiency [1] Group 2 - The company has developed a large model for text and image creative generation, which can intelligently produce titles, copy, images, and video content, optimizing ad display formats and increasing click-through rates [1] - Through its self-developed user intent understanding model, the company can intelligently mine potential user needs, accurately match products with users, and utilize smart conversion tools to achieve a full-process automation from reach to conversion [1] - This approach aims to assist clients in achieving both precise marketing and improved effectiveness, thereby fulfilling dual objectives [1]

Core Insights - Baidu Encyclopedia has launched new features centered around AI, including "Dynamic Encyclopedia" and "Encyclopedia AI Knowledge Graph" [1] Group 1: New Features - "Dynamic Encyclopedia" utilizes generative UI technology to gamify and contextualize knowledge presentation, transforming abstract principles into visual and interactive dynamic images [1] - "Encyclopedia AI Knowledge Graph" leverages Baidu's AI capabilities to deeply mine vast encyclopedia content, reorganizing and integrating dispersed knowledge into a highly structured knowledge network based on multiple dimensions such as time and space [1] Group 2: User Engagement and Collaboration - Baidu Encyclopedia has over 30 million entries and has attracted more than 8.03 million cumulative users [1] - The "Star Plan" of Baidu Encyclopedia collaborates with leading institutions like the University of Science and Technology of China, Chinese Academy of Sciences, and Peking University, involving over 100,000 experts and professional creators to co-create more than 1 million entries of specialized knowledge [1]