Partnership & Service Enhancement - NetJets is partnering with Starlink to provide high-speed internet across its fleet [1] - NetJets plans to upgrade approximately 600 aircraft worldwide with Starlink's in-flight Wi-Fi [1] Timeline - The upgrade is planned for 2026 [1]

Yet GOOGL stock’s performance tells an equally compelling story. The renewed confidence in its AI execution sent Alphabet’s valuation surging toward the $4 trillion mark, placing it firmly among the world’s most valuable companies. Investors may have stepped into 2025 questioning whether Google was falling behind in AI, but the stock has flipped the script and is up 67.59% year-to-date (YTD). GOOGL now leads the elite “Magnificent Seven” this year.Its Gemini models further reinforce Alphabet’s leadership in ...

Core Viewpoint - The article discusses the short-term benefits Lumentum has gained from AI, while suggesting that Alphabet presents a more promising long-term investment opportunity due to its diversified revenue streams and substantial profitability [1][2]. Lumentum's Performance - Lumentum has experienced significant growth, with its stock surging 267% year-to-date [1]. - The company reported a 58% increase in revenue for the first quarter, reaching nearly $534 million, and non-GAAP net income rose from $0.18 per share to $1.10, surpassing Wall Street's estimate of $1.03 [5]. - Management provided strong guidance for the second quarter, expecting sales of $650 million, a 62% increase from the previous year [6]. Market Context - The data center spending is projected to increase significantly, with Nvidia's CEO estimating that big tech companies will invest between $3 trillion to $4 trillion over the next five years, which could benefit Lumentum [6]. Alphabet's Advantages - Alphabet generated $102 billion in sales in the most recent quarter, with earnings per share of $2.87, supported by its diverse business segments [9]. - The company is actively competing in the AI chatbot market with its Gemini 3 chatbot, which has 650 million weekly users, and its AI Mode on Search has 2 billion monthly users [11]. - Alphabet has over $24 billion in free cash flow available for investment in new AI ventures, indicating a long-term advantage over Lumentum [12]. Valuation Comparison - Alphabet's price-to-earnings ratio is 31, significantly lower than the tech sector's average of 46 and Lumentum's P/E ratio of 203, suggesting that Alphabet offers better value for investors [13].

Core Viewpoint - The Magnificent Seven technology stocks are driving the S&P 500 in the current bull market, largely due to their established businesses and potential in the artificial intelligence (AI) sector, which is expected to enhance earnings and stock performance over time [1]. Group 1: Stock Performance and Valuation - The Magnificent Seven stocks have seen significant price increases, with each advancing in double- or triple-digits over the past three years, leading to higher valuations that may deter some investors from buying [2]. - Concerns about a potential AI bubble have emerged, but recent earnings reports and demand for AI products have not supported this notion, indicating continued growth in the sector [3]. Group 2: Investment Opportunities - Despite high valuations, there are still bargains among the Magnificent Seven, with two stocks identified as offering a unique buying opportunity before the new year due to their lower valuations relative to their AI potential [4]. - Meta Platforms is currently the cheapest among the Magnificent Seven, trading at 26 times forward earnings estimates, and is leveraging AI to enhance advertising effectiveness and drive revenue growth [6][8]. - Alphabet is the second-cheapest, trading at 29 times forward earnings estimates, and is utilizing AI to boost advertising revenue and expand its Google Cloud business, which has seen a 34% increase in revenue [9][10][12].

Equity Research 9 December 2025 | 9:05PM HKT Baidu.com Inc. (BIDU): Baidu assessing chip subsidiary Kunlunxin's potential spin-off and listing, a step toward unlocking value; Buy What happened: On Dec. 7, Baidu issued a voluntary announcement noting it is in the process of assessing Kunlunxin (Kunlun chip) for a 'Proposed Spin-off and Listing'. Per the release, if it proceeds, the proposed spin-off and listing would be subject to the relevant regulatory approval process. Separately, per a Reuters article, a ...

证券时报·券商中国记者日前获悉，阿里已成立千问C端事业群，由阿里巴巴集团副总裁吴嘉负责。 据悉，该事业群由原智能信息与智能互联两个事业群合并重组而来，包含千问APP、夸克、AI硬件、UC、书 旗等业务。 这也是今年9月宣布的额外AI基础设施投入的一部分。今年9月，吴泳铭概述了他自己推出新模型和"全栈"AI 技术的计划，这反映了阿里巴巴既要开发服务，也要开发支撑该技术的基础设施的意图。 9月24日，阿里巴巴集团CEO、阿里云智能集团董事长兼CEO吴泳铭在云栖大会演讲中表示，大模型是下一代 操作系统，而AI云是下一代计算机。也许未来全世界只会有五六个超级云计算平台。目前阿里正积极推进 3800亿元的AI基础设施建设，并计划追加更大的投入。 吴泳铭认为，实现AGI（通用人工智能）已是确定性事件，但这仅是起点，终极目标是发展出能自我迭代、 全面超越人类的ASI（超级人工智能），以解决气候、能源、星际旅行等重大科学难题。 通往超级人工智能之路分为三个阶段：一是"智能涌现"，AI通过学习人类知识具备泛化智能；二是"自主行 动"，AI掌握工具使用和编程能力以"辅助人"，这是行业当前所处的阶段；三是"自我迭代"，AI通过连接 ...

AI chipmakers are suddenly inseparable in investors’ minds. Companies that control the chips powering large language models can capture outsized growth, and sometimes that promise is best realized by spinning a unit out so the market can value it on its own. Big-cap tech spinoffs have a history of unlocking shareholder value, but they also carry execution and regulatory risk. That’s precisely what’s on the table at Baidu (BIDU). The company has confirmed it is assessing a spinoff and potential listing of ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), whic ...

Key Takeaways GOOGL has outpaced tech peers with a 78.9% stock gain, driven by aggressive AI integration efforts.Google Cloud's AI-driven growth includes a 34% y/y revenue rise and a $155B backlog in 3Q25. Despite strong growth, high valuation and cloud capacity limits may pressure GOOGL's 2026 outlook. Alphabet (GOOGL) shares have jumped 78.9% in a year, outperforming the Zacks Computer and Technology sector’s appreciation of 26.9% and the Zacks Internet Services industry’s surge of 75.5%. GOOGL’s outperfo ...

谷歌A类股（GOOGL）周二早盘基本持平。目前该公司正面临欧盟的反垄断调查，调查内容是关于 其"概览"（Overviews）和YouTube训练等AI功能是否在未给予适当补偿或退出选项的情况下不公平地使 用出版商和创作者内容。行业人士称谷歌可能因此面临巨额罚款。 责任编辑：张俊 SF065 谷歌A类股（GOOGL）周二早盘基本持平。目前该公司正面临欧盟的反垄断调查，调查内容是关于 其"概览"（Overviews）和YouTube训练等AI功能是否在未给予适当补偿或退出选项的情况下不公平地使 用出版商和创作者内容。行业人士称谷歌可能因此面临巨额罚款。 责任编辑：张俊 SF065 ...