Core Insights - Oakmark Equity and Income Fund aims to deliver returns while preserving and enhancing capital, with a portfolio allocation of 60.0% in equities, 38.5% in fixed income, and 1.5% in cash [1] - The Fund outperformed the 60% S&P 500 / 40% Bloomberg U.S. Aggregate Bond Index in both the quarter and since inception, with the equity portion gaining 5.08% compared to 2.66% for the S&P 500 Index [1] - The fixed income portfolio returned 1.35%, outperforming the Bloomberg U.S. Aggregate Bond Index's 1.10% gain [1] Company Performance - Alphabet Inc. (NASDAQ:GOOG) was highlighted as the leading performer in the Oakmark Equity and Income Fund's strategy for the quarter, with a stock price closing at $336.31 per share on January 14, 2026 [2] - Alphabet Inc. achieved a one-month return of 12.83% and a 52-week gain of 70.73%, with a market capitalization of $4.06 trillion [2] - The company was the top contributor during the quarter, driven by impressive third-quarter earnings and strong user engagement trends in search revenue [3] Revenue and Market Position - In the third quarter of 2025, Alphabet Inc. achieved its first-ever $100 billion in revenue, indicating significant growth [4] - The company is ranked 7th among the 30 Most Popular Stocks Among Hedge Funds, with 186 hedge fund portfolios holding its stock at the end of the third quarter, up from 178 in the previous quarter [4] - Despite its strong performance, there are opinions suggesting that certain AI stocks may offer greater upside potential and carry less downside risk compared to Alphabet Inc. [4]

Core Perspective - Alphabet is positioned as a resilient company that is unlikely to become obsolete due to its adaptability and willingness to evolve with industry changes [2][3][9] Company Adaptability - Alphabet has a history of entering new business lines, such as its acquisition of YouTube in 2006 and the launch of App Engine in 2008, demonstrating its enterprising mindset [3][4] - The company has shown the ability to exit unprofitable ventures, as seen with the shutdown of its Verily life sciences medical device business and the Everyday Robots initiative [5][9] Financial Performance - Alphabet has achieved year-over-year revenue growth in every quarter since early 2013, with the exception of Q2 2020 during the COVID-19 pandemic [8] - The company maintains a market capitalization of $4.1 trillion, with a current stock price of $335.84 and a gross margin of 59.18% [5] Corporate Ethos - Alphabet's management emphasizes the importance of adaptability and the ability to pass down corporate wisdom across generations, contributing to its long-term sustainability [9][10] - The company operates more like a private equity fund with a diverse portfolio of wholly owned enterprises rather than just a search engine [7]

记者获悉，日前迅雷起诉前CEO陈磊利用"影子公司"（兴融合），"刷走"迅雷近2亿元资金。该案系 2020年公安机关立案侦查职务侵占案的延续，目前陈磊与前高级副总裁董鳕仍滞留境外，未配合司法调 查。 2025年11月，迅雷子公司网心科技发起的新一轮诉讼，被视为迅雷追索资产、厘清责任的重要一步。法 律界人士指出，尽管陈磊已加入外国国籍，且人不在国内，但对其关联公司的起诉，仍可能触及尚未转 移的资产，并为后续跨国司法协作提供依据。 "刷走"迅雷近2亿元资金 2020年10月8日，迅雷发布公告称，深圳市迅雷网络技术有限公司就迅雷公司前CEO陈磊等人涉嫌职务 侵占事宜于2020年4月向深圳市公安局提出控告，随后接到深圳市公安局通知，深圳市公安局已经对涉 嫌职务侵占罪的陈磊等人进行立案侦查。 记者了解到，2020年5月，陈磊在邮件中明确将兴融合列为"网心关联公司"，两次表面上催促迅雷"接 收"该公司，但在背后通过一系列操作在秘密转移股权。在2020年~2024年的多起诉讼中，陈磊承认兴融 合是"为规避监管设立的网心关联企业"，业务、人员全依附网心。 值得注意的是，在陈磊离职迅雷CEO前数日，他主导解雇30余名迅雷核心技术 ...

Core Insights - The article discusses the significant update of the Qianwen App, which integrates various Alibaba services and enhances its task management capabilities, marking a strategic move in the AI super entrance battle [3][6][9]. Group 1: Qianwen App Update - The Qianwen App underwent its largest version update since its launch, focusing on two main areas: integrating Alibaba's business services and enhancing task management features [3][6]. - The app's main chat interface now includes services from Taobao, Alipay, Fliggy, and others, with full access expected shortly after the update [6]. - A new "task assistant" feature allows users to complete complex tasks, such as making restaurant reservations and generating reports, with a focus on delivering high-quality results [6][9]. Group 2: User Engagement and Market Position - Qianwen aims for high task completion rates rather than just daily active users (DAU), differentiating itself from competitors like Doubao, which has already surpassed 100 million DAU [7][9]. - The app targets a user base that includes a significant proportion of young individuals and users from third-tier cities, emphasizing its appeal to those with specific task-oriented needs [12]. - Qianwen's growth strategy involves leveraging Alibaba's ecosystem to provide differentiated services while maintaining a focus on high-quality task execution [12]. Group 3: Development and Team Structure - The development of Qianwen has involved a collaborative effort from various Alibaba departments, with a focus on agile project management and rapid iteration [13][14]. - The project has attracted a large number of employees from different business units, indicating a strong internal commitment to its success [14]. - The organizational structure promotes direct communication and collaboration among team members, fostering a startup-like environment within Alibaba [14].

Core Viewpoint - Both Nvidia and Alphabet are positioned well in the AI sector, but Alphabet is suggested to offer a better risk-reward balance at current valuations [1][3][15]. Nvidia - Nvidia reported a revenue of $57.0 billion for Q3 of fiscal 2026, marking a 62% year-over-year increase, with data center revenue reaching $51.2 billion, up 66% [4]. - The company's gross margin was 73.4% on a GAAP basis, and earnings per share rose 67% year-over-year to $1.30 [4]. - Nvidia's current price-to-earnings ratio stands at 46, reflecting its rapid growth but also raising concerns about sustainability due to the cyclical nature of the semiconductor industry [16]. Alphabet - Alphabet's Q3 revenue increased by 16% year-over-year to $102.3 billion, with earnings per share rising 35% to $2.87 [8]. - Google Cloud revenue grew 34% year-over-year to $15.2 billion, with operating income increasing 85% to $3.6 billion and an operating margin of 23.7% [9]. - The backlog for Google Cloud surged 46% sequentially and 82% year-over-year to $155 billion, indicating strong future growth potential [10]. - Alphabet's price-to-earnings ratio is approximately 30, suggesting a more favorable valuation compared to Nvidia [16]. Strategic Partnerships - Alphabet has entered a multi-year collaboration with Apple to integrate Google's Gemini models into Apple's Foundation Models, enhancing AI features like Siri on Apple devices [12][13]. - This partnership is significant as it positions Alphabet centrally in AI interactions across a vast user base of over 2.2 billion active Apple devices [13]. Investment Considerations - While Nvidia is experiencing rapid growth, Alphabet's diversified business model and less cyclical nature make it a more stable investment option [16]. - Despite Alphabet's potential, its current valuation is considered somewhat risky, particularly due to its reliance on advertising and the macroeconomic environment [17][18].

Core Viewpoint - A class action has been filed against Smart Digital Group Limited (NASDAQ: SDM) on behalf of investors who acquired its securities between May 5, 2025, and September 26, 2025, due to allegations of market manipulation and fraudulent promotion schemes [1][2]. Allegations - The complaint alleges that insiders facilitated a market manipulation scheme involving misinformation on social media and impersonators posing as financial professionals [2]. - It is claimed that insiders used offshore or nominee accounts to coordinate the dumping of shares during a price inflation campaign [2]. - SDM's public statements and risk disclosures reportedly omitted any mention of the risks associated with fraudulent trading or market manipulation that could affect the company's stock price [2]. - As a result of these actions, SDM securities faced a unique risk of suspension in trading by the SEC and NASDAQ [2]. Stock Price Collapse - On September 26, 2025, SDM's stock price fell by 86.4%, closing at $1.85 per share, following a trading halt by NASDAQ due to volatility [3]. - The SEC suspended trading in SDM securities from September 29, 2025, to October 10, 2025, citing potential manipulation through social media recommendations designed to artificially inflate the stock price [3]. - NASDAQ also suspended trading in SDM securities on October 11, 2025, pending further information [3]. Class Action Participation - Shareholders may be eligible to participate in the class action against Smart Digital Group Limited, with a deadline to submit papers to serve as lead plaintiff by March 16, 2026 [4]. - Shareholders do not need to participate in the case to be eligible for recovery and can remain absent class members if they choose [4].

谷歌公司的一位能源高管表示，与美国输电系统的连接已成为谷歌数据中心并网供电的最大问题，因为 在美国的一些地区，并网等待时间已超过十年。全球最大的科技公司正面临着该国电力系统发展缓慢的 现实，因为它们正竞相获取大量电力，用于扩建能源密集型数据中心，而这些数据中心正越来越多地用 于训练和部署人工智能。 谷歌公司的一位能源高管表示，与美国输电系统的连接已成为谷歌数据中心并网供电的最大问题，因为 在美国的一些地区，并网等待时间已超过十年。全球最大的科技公司正面临着该国电力系统发展缓慢的 现实，因为它们正竞相获取大量电力，用于扩建能源密集型数据中心，而这些数据中心正越来越多地用 于训练和部署人工智能。 谷歌GOOGL.O可持续发展与气候政策全球主管汉纳（Marsden Hanna）在美国企业研究所举办的一次活 动上说："传输障碍是我们在电网方面遇到的首要挑战。"汉纳说："有一家公用事业公司告诉我们，研 究互联时间表需要12年时间，这有点疯狂，但这就是我们看到的情况。"为了解决等待时间问题，汉纳 说，国家需要解决新输电的许可延误问题，公用事业公司应该部署能够增加现有系统电力流量的技术， 并采取其他行动。谷歌正在研究一种被 ...

Connecting to the U.S. electrical transmission system has become the biggest problem for powering up Google data centers on the grid, as the wait times to connect surge to more than a decade in some p... ...

IntroductionAlphabet Inc. is one of the largest technology companies in the world and the parent company of Google. If you've ever searched for Alphabet stock, you may have noticed something confusing: there are two tickers trading publicly.Investors often see Alphabet Class C shares (NASDAQ:GOOG) and Alphabet Class A shares (NASDAQ:GOOGL), and many are unsure which one is the "real" Alphabet stock or which is better to buy.Alphabet stock has a market capitalization of over 1.6 trillion USD, placing it amon ...

Investors with a lot of money to spend have taken a bearish stance on Alphabet (NASDAQ:GOOGL).And retail traders should know.We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with GOOGL, it often means somebody knows something is about to happen.So how do we know what these investors just did? Today, Benzinga's options scanner spott ...