在新年开端，奥多比（ADBE）股价继续下滑，1月2日下降了4.77%，这标志着连续四天的跌势，累计 下跌5.79%。这一波动引起了市场的广泛关注，也为投资者带来了不少困惑。 奥多比这家应用软件公司以其强大的产品和服务组合而闻名，面向创意专业人士、营销人员、知识工作 者等众多群体。然而，近日股价的疲软或许并不单单源于公司本身的运作情况。近期经济数据的披露以 及行业趋势的转变都可能对此产生影响。 来源：市场资讯 （来源：美股情报站） 对于投资者而言，面临这样的市场波动，保持灵活的投资策略尤为重要。那些关注长期增长的投资者或 许可以考量奥多比的市场地位和技术创新能力，以此作为关注点。而对短期投资者来说，市场的短期波 动提供了机会，但亦需承担相应的风险。 综上所述，奥多比的股价跌势受多种因素影响，包括全球经济环境变化、行业技术革新以及公司自身发 展的调整。投资者需综合考虑市场动向，以及公司在未来一段时间内可能采取的战略措施，以确保其投 资决策的合理性。 全球经济的波动通常会影响科技公司的股价。在最近的市场环境下，许多投资者开始关注宏观经济指 标，如就业数据、通货膨胀率及利率调整等。这些因素都会直接或间接影响到消费者及 ...

受亚洲芯片制造商和人工智能相关股票上涨的提振，费城半导体指数上涨4%，创下11月24日以来最大 单日涨幅。闪存股美光科技(MU.US)和Sandisk(SNDK.US)领涨标普500指数，前者收盘上涨11%，创历 史新高，后者一度飙升16%。然而，受人工智能可能带来颠覆性影响的持续担忧，软件股成为跌幅最大 的板块之一。Palantir Technologies(PLTR.US)股价下跌5.6%，收于12月1日以来的最低点。 智通财经APP获悉，周五，标普500指数小幅收涨，半导体股的上涨缓解了市场对估值过高的担忧。此 外，下周即将举行的大型消费电子展(CES)以及特朗普总统放松关税政策的迹象也提振了今年首个交易 日的市场情绪。标普500指数上涨0.2%，11个板块中有8个板块上涨，其中能源和工业板块领涨。非必 需消费品、通信和必需消费品板块下跌。纳斯达克100指数下跌0.2%。 标普500指数在2025年收盘时较12月24日创下的历史纪录低约1%，并以连续四个交易日的下跌结束了今 年的走势。周一的交易日或许是"圣诞行情"的最后机会。上周五的成交量比20日均值低约11%。 摩根大通策略师Michael Cemb ...

Core Viewpoint - The London stock market showed a slight increase on January 2, with the FTSE 100 index closing at 9951.14 points, up by 19.76 points or 0.20% from the previous trading day [1]. Group 1: Stock Performance - The top five gainers in the London stock market included Rolls-Royce Holdings, which rose by 4.09%, Burberry Group, which increased by 3.74%, Metherell Energy and Metals, up by 3.73%, Melrose Industries, which gained 3.67%, and Centrica, a gas supplier, which rose by 2.83% [1]. - The stocks that experienced the largest declines included Frontera Resources, which fell by 5.73%, Coca-Cola European Partners, down by 4.09%, Sage Group, which decreased by 3.05%, Pearson Group, down by 2.90%, and Games Workshop Group, which fell by 2.54% [1]. Group 2: European Market Indices - The CAC40 index in Paris closed at 8195.21 points, up by 45.71 points or 0.56% from the previous trading day [1]. - The DAX index in Frankfurt closed at 24539.34 points, increasing by 48.93 points or 0.20% from the previous trading day [1].

软件领域，帕兰蒂尔（Palantir）无疑是 2025 年的全场焦点。该股年末收于 180 美元，全年涨幅 135%，而其 2024 年涨幅已高达 340%。2025 年前 9 个月，帕兰蒂尔营收大增 50%，增速近乎是 2024 年同期的两倍。帕兰蒂尔长期深耕政府业务，该板块营收持续暴涨，企业端业务同样高歌猛进，这一成 绩至少部分归功于人工智能技术的落地。帕兰蒂尔的亮眼表现，与赛富时（Salesforce）、ServiceNow 等企业级软件巨头形成鲜明反差 —— 市场担忧新兴人工智能服务会冲击其核心业务，上述两家公司 2025 年股价跌幅均在 20% 至 30% 之间。 其余科技股 2025 年表现如下（数据来源：Koyfin 金融数据分析平台）。值得关注的是，一众科技股年 内市值跌宕起伏，脸书母公司元宇宙（Meta）与谷歌的走势反差尤为显著 —— 投资者对 Meta 的热情 消退，转而追捧谷歌，二者全年表现位次互换。这也警示我们，预判 2026 年的大牛股，风险极高。 2025 年主要科技股涨跌幅一览 2025 年若重仓闪迪（SanDisk），那可真是赚得盆满钵满。这家以存储卡和 U 盘产品深入人心的企 ...

| 陸 | 个股名称 | 累计涨幅 | | --- | --- | --- | | 1 | 卡特彼勒 | 60.30% | | 2 | 高壁 | 56.64% | | 3 | 强生 | 47.48% | | 4 | 英伟达 | 38.92% | | 5 | IBM Corp | 38.23% | | 6 | 摩根大通 | 37.27% | | 7 | 思科 | 33.47% | | 8 | 安进 | 29.67% | | 9 | 3M | 26.36% | | 10 | 美国运通 | 25.99% | | 11 | 沃尔玛 | 24.49% | | 12 | 波音 | 22.67% | | 13 | 旅行者财产险集团 | 22.38% | | 14 | 可口可乐 | 15.60% | | 15 | 微软 | 15.58% | | 16 | Visa | 11.76% | | 17 | 雪佛龙 | 10.10% | | --- | --- | --- | | 18 | 默沙东 | 9.79% | | 19 | 苹果 | 9.05% | | 20 | Verizon | 8.86% | | 21 | 麦当劳 | ...

特朗普推迟上调软体家具、橱柜及浴室柜关税一年 俄称向美国移交乌袭击普京官邸的证据 数字人民币迎升级，1月1日起将计付利息 证监会修订相关规定，稳步降低基金投资者成本 男生普通话版 下载mp3 女声普通话版 下载mp3 粤语版 下载mp3 西南方言版 下载mp3 东北话版 下载mp3 上海话版 下载mp3 今日优选 芝商所再次上调贵金属期货保证金 美国上周初请失业金人数不及预期 GPU四小龙之一燧原科技完成IPO辅导 市场盘点 周三，美元指数先涨后跌，日内一度逼近98.50，创逾一周新高，最终收涨0.007%，报98.28，但创八年来最大年跌幅；在数据显示美国失业人数不增反降 后，美债收益率盘中拉升，基准的10年期美债收益率最终收报4.172%，对美联储政策利率敏感的2年期美债收益率收报3.483%。 由于投资者在见证贵金属历史性的年度上涨后获利了结，且芝商所再次上调保证金，现货黄金重回跌势，最低触及4274.34美元/盎司，随后跌幅有所收窄， 最终收跌0.65%，报4310.89美元/盎司，2025年大涨约64%，为连续第三年上涨；现货白银回调更加猛烈，盘中跌超7%，最终收跌6.91%，报71.01美元/盎 ...

Group 1: Market Overview - The global M&A market shows signs of recovery in 2025, with China's M&A market experiencing a fundamental reshaping of rules, leading to a near doubling of the number of M&A approvals and a significant increase in major restructuring transaction volume compared to the past six years [1] - In 2025, the number of disclosed M&A events by A-share companies reached 4,044, with 147 major asset restructuring projects, a year-on-year increase of 44.12%, and the number of major asset restructuring approvals was 29, nearly doubling from 2024 [3] - The global M&A market in 2025 saw a transaction value of approximately $4.5 trillion, a nearly 50% year-on-year increase, marking the second-highest in history [7] Group 2: Policy Environment - The "14th Five-Year Plan" emphasizes a positive positioning for M&A and restructuring, aiming to support listed companies in transformation and upgrading, enhancing market efficiency through a set of policy measures [2] - The new "National Nine Articles" and "M&A Six Articles" are expected to create a policy environment that encourages industrial mergers and enhances market efficiency [2] Group 3: Sector Trends - The technology sector is becoming a focal point for M&A, with significant activity in areas such as AI, quantum computing, and advanced materials, driven by the need for companies to enhance operational efficiency and innovate [6] - The healthcare sector is also seeing increased M&A activity, particularly in biotech companies with breakthrough therapies, as well as in digital health and telemedicine, driven by rising demand for innovative treatments [9] Group 4: Future Outlook - In 2026, the M&A market is expected to benefit from continued policy optimization, with a focus on technology empowerment and industrial integration, particularly in traditional industries undergoing digital transformation [5][6] - The capital market is anticipated to support M&A activities through improved refinancing mechanisms, with a focus on high-quality assets and sectors such as new energy, innovative pharmaceuticals, and infrastructure [10][11]

Group 1 - The report highlights the historical trend of "stronger getting stronger" in the U.S. stock market, emphasizing that leading technology companies represent the capital mapping of the era's productivity [1][13][22] - The current market is experiencing unprecedented "oligopolization," with the top 1% of U.S. companies accounting for 47.5% of total market capitalization, indicating a significant concentration of value among leading firms [2][21] - The report identifies that while technology bubbles are difficult to avoid, they often lay the groundwork for future innovations, with the current AI wave in a critical commercialization validation phase [3][25][28] Group 2 - The ChiNext 50 Index is presented as an optimal tool for investing in core technology assets in the A-share market, characterized by high elasticity, concentration, and growth potential [4][30] - The report indicates that the ChiNext 50 Index has shown strong return elasticity, outperforming other indices during growth phases, and has a high concentration in strategic emerging industries [4][31][39] - The underlying companies within the ChiNext 50 Index are noted for their high R&D investment and excellent profitability, providing solid support for long-term growth [4][32][38]

Core Insights - Luo Yonghao returned to the stage after seven years to host the "Crossroads 2025 Annual Technology Innovation Sharing Conference" in Shanghai, marking a significant moment in his career [1][12] - The event focused on showcasing selected outstanding technology products rather than launching new hardware from his own company, which has not released self-developed hardware in recent years [2][12] Ticket Sales and Attendance - The event featured six ticket price tiers ranging from 300 to 1000 yuan, with total ticket sales reaching 1.668 million yuan within two hours of release [2][13] - The venue, Shanghai West Bank International Exhibition Center, has a capacity of 4000 attendees, and the event was fully booked [5][15] Product Showcase - Luo introduced seven "most notable" hardware products, including DJI's Neo2 drone, Hyershell exoskeleton, and Libernovo ergonomic chair, among others [5][17] - The presentation included humorous moments, such as Luo expressing regret that the DJI product was not his own creation, which resonated with the audience [7][17] Technical Issues and Presentation Style - The event experienced delays and technical difficulties, with Luo humorously acknowledging the issues during the presentation, which is characteristic of his style [9][19] - Some products that were supposed to be showcased were skipped due to time constraints, indicating potential organizational challenges [9][19] New Product Development - Luo introduced a new AI reading app named "Qie Ting," designed to provide in-depth analyses of books and allow users to customize voice readings [10][20] - The app currently features over 5000 books and aims to differentiate itself in a crowded market of reading apps [12][22] Future Plans - Luo expressed a commitment to continue pursuing technology and large-scale events, indicating a long-term vision for his endeavors in the tech industry [12][22]

Core Viewpoint - The U.S. stock market is entering its third year of a bull market driven by the AI boom, with the S&P 500 index expected to end 2025 with a gain of over 17% [1] Winners - Technology stocks, particularly those related to AI, are leading the U.S. stock market this year, with storage companies like SanDisk, Western Digital, Micron Technology, and Seagate Technology showing significant gains of 585%, 292%, 249%, and 231% respectively [2] - The demand for storage capacity and bandwidth from AI servers far exceeds that of traditional servers, leading to a price surge in the storage industry as production shifts towards high-end storage products [2] - Palantir has seen a year-to-date increase of 139%, likely achieving a three-digit percentage gain for the third consecutive year, although it is considered expensive with a forward P/E ratio exceeding 180 [6] - Warner Bros. Discovery's stock has surged nearly 174% this year due to acquisition news, with ongoing bidding from Netflix and Paramount Global for the company [8] - Several stocks, including Robinhood, SanDisk, AppLovin, and Carvana, have been added to the S&P 500 index in 2025, all achieving triple-digit percentage gains [12] Losers - Economic uncertainty and tariffs have negatively impacted consumer stocks, particularly essential consumer goods companies like Clorox, Lamb Weston, Campbell Soup, and Constellation Brands, which are among the worst performers in the S&P 500 [15] - Deckers Outdoor, known for brands like Hoka and Ugg, has seen a nearly 50% decline in 2025, ending a nine-year growth streak due to weak earnings forecasts and analyst downgrades [15] - Health insurance stocks have also performed poorly, with Molina Healthcare's stock down over 40% and both UnitedHealth and Centene seeing declines exceeding 30% [15] - Despite the poor performance, some investors see potential for a rebound in health insurance stocks due to attractive valuations, with Michael Burry expressing bullish sentiment on Molina Healthcare [18]