A rattled market will have to deal with another massive AI spending pledge. ...

Core Viewpoint - Tucows Inc. is set to report its financial results for the fourth quarter ended December 31, 2025, on February 12, 2026, at 5:05 p.m. ET [1] Financial Reporting - The financial results will be accompanied by a pre-recorded audio commentary and transcript discussing the quarter and the company's outlook, which will be available on the Tucows website [2] - Shareholders, analysts, and prospective investors can submit questions to management for seven days following the results announcement, with responses to be posted on February 25, 2026 [3] Company Overview - Tucows connects people to internet access through various services, including communications technology, domain services, and fiber-optic internet infrastructure [4] - The company operates Ting, which provides fixed fiber internet access, and Wavelo, a telecommunications software suite for service providers [4] - Tucows Domains manages over 22 million domain names and offers services through a global reseller network of over 33,000 web hosts and ISPs [4]

分组1: Alphabet (GOOG) Earnings - Alphabet reported an 18% increase in revenues, reaching $113.8 billion, surpassing expectations of $111.5 billion, driven by growth in Google Services and Google Cloud [3] - CEO Sundar Pichai indicated that capital expenditures for 2026 are projected to be between $175 billion and $185 billion, significantly higher than Bloomberg's estimate of $119.5 billion [3] - Capital expenditures for 2025 were reported at $91.5 billion, aligning with previous guidance of $91 billion to $93 billion [4] 分组2: Qualcomm (QCOM) Earnings - Qualcomm's adjusted earnings were $3.50 per share with a revenue increase of 5% year-over-year to $12.25 billion, slightly above the expected revenue of $12.2 billion [5] - For the upcoming second quarter, Qualcomm expects adjusted earnings between $2.45 and $2.65 per share, with revenue forecasted between $10.2 billion and $11 billion, missing analyst expectations of $2.90 per share and $11.1 billion in revenue [5] - The guidance reflects the impact of memory supply constraints and pricing on demand from several handset customers [6] 分组3: Yum! Brands (YUM) Strategy - Yum! Brands announced the closure of approximately 250 underperforming Pizza Hut locations in the U.S. as part of a portfolio cleanup, with a total of 19,974 Pizza Hut locations globally at the end of Q4 [6] - The closures are focused on weaker-performing locations rather than a broad brand retrenchment, as Pizza Hut division sales declined by 5% in Q4, including a 1% drop in same-store sales [7] - The "Hut Forward" plan aims to revitalize the brand through enhanced marketing, technology modernization, and new franchise agreements [8]

Alphabet's shares were down in premarket trading on Tuesday after the company beat Wall Street's expectations on earnings and revenue, with AI spending projected to increase hugely this year. The Google parent shed 2.6% in premarket as of 6:09 a.m. ET, after closing nearly 2% lower on Wednesday. After the bell, Alphabet reported $113.83 billion in revenue in the fourth quarter, above the estimated $111.43 billion from analysts polled by LSEG. Its Google Cloud division earned $17.66 billion in revenue versus ...

Core Viewpoint - The recent surge in Alphabet's stock is justified by accelerated growth in advertising and cloud services, although the projected capital expenditures (capex) forecast is notably high [1] Group 1: Advertising Growth - Alphabet has experienced significant growth in its advertising segment, contributing to the overall positive market sentiment surrounding the stock [1] - The acceleration in ad revenue is a key driver behind the stock's recent performance, indicating strong demand and effective monetization strategies [1] Group 2: Cloud Services Expansion - The cloud services division has shown robust growth, further supporting the bullish outlook on Alphabet's stock [1] - This growth in cloud services is part of a broader trend within the industry, where companies are increasingly investing in cloud infrastructure [1] Group 3: Capital Expenditure Forecast - The forecast for capital expenditures is exceptionally high, raising eyebrows among analysts and investors [1] - This capex forecast reflects Alphabet's commitment to expanding its infrastructure and capabilities, particularly in cloud and data centers [1]

Core Insights - Alphabet's net income for Q4 2025 reached $34.5 billion, a 30% increase from $26.5 billion in Q4 2024 [1] - The company's total revenue for Q4 2025 was $113.8 billion, up 18% from $96.5 billion in Q4 2024 [1] - For the full year 2025, Alphabet's net income totaled $132.2 billion, marking a 32% increase from $100.1 billion in 2024 [2] Financial Performance - Operating income for Q4 2025 rose to $35.9 billion, reflecting a 16% increase from $31.0 billion in Q4 2024 [1] - The diluted net income per share for Q4 2025 was $2.82, a 31% increase from $2.15 in Q4 2024 [1] - Annual revenue for 2025 was $402.8 billion, a 15% rise from $350 billion in 2024 [2] Segment Results - Google Services generated $95.9 billion in revenue for Q4 2025, a 14% increase from $84.1 billion in Q4 2024 [3] - YouTube's ad revenue in Q4 2025 increased by 9% to $11.4 billion compared to $10.5 billion in Q4 2024 [3] - Google Cloud's revenue surged by 48% to $17.7 billion, driven by demand for AI products [3] Other Bets and Operating Income - Other Bets saw a revenue decline of 8% to $370 million from $400 million in Q4 2024 [4] - Operating income for Google Services was $40.1 billion, a 22% increase from $32.8 billion in Q4 2024 [4] - Google Cloud's operating income rose dramatically by 154% to $5.3 billion from $2.1 billion [4] Annual Highlights - For the full year 2025, Google Services contributed $350 billion to annual revenue, while Google Cloud achieved an annual run rate of $70 billion [5] - YouTube's annual revenue exceeded $60 billion, with over 325 million paid subscriptions [6] - The launch of Gemini 3 was highlighted as a significant milestone contributing to Alphabet's strong momentum [7]

2月4日晚间，据阿里员工社交媒体爆料，阿里巴巴创始人马云现身杭州阿里总部千问春节项目组办公区。现场照片显示，马云头戴棒球帽，在阿里巴巴合伙 人邵晓锋陪同下到访。 此次现身正值千问春节营销关键节点。2月6日，千问将启动30亿元"春节请客计划"，以"吃喝玩乐免单不停"为主题，这是阿里历史上春节活动最大规模投 入。同时，千问APP已独家冠名东方、浙江、江苏、河南四家卫视马年春晚。 千问APP内部人士向《科创板日报》透露："千问希望在今年春节期间，融入到人们真实的生活消费之中。"目前该应用已全面接入淘宝、支付宝、飞猪、高 德等阿里生态场景，测试AI购物功能。 千问C端事业群于2025年12月成立，整合了原智能信息与智能互联业务板块。集团副总裁吴嘉表示，各业务和千问会有共同目标，"未来AI会带来大量新的 生活服务，绝对不只是存量"。 随着春节临近，AI应用竞争持续升温。微信安全中心2月4日发文称将对春节营销违规行为进行打击。 ...

Core Insights - Alphabet's Q4 and full-year 2025 earnings exceeded expectations, with significant revenue and profit growth, and plans for substantial AI investment in 2026 [1][3] Financial Performance - Q4 revenue reached $113.83 billion, surpassing the expected $111.43 billion, marking an 18% year-over-year increase [3] - Q4 earnings per share were $2.82, exceeding the forecast of $2.63 [3] - Net profit for Q4 was $34.45 billion, a 30% increase from $26.54 billion in the same quarter last year [3] - Full-year 2025 revenue was $402.84 billion, a 15% increase from $350.02 billion in 2024, marking the first time it surpassed $400 billion [3] - Full-year net profit was $132.17 billion, up 32% from $100.12 billion in 2024 [3] Capital Expenditure Outlook - For 2026, Alphabet anticipates capital expenditures between $175 billion and $185 billion, nearly doubling from $91.45 billion in 2025 [6] - The 2025 capital expenditures were primarily allocated to AI infrastructure, including servers and data centers [6][7] Cloud Business Growth - By the end of 2025, Google Cloud's annual operating revenue exceeded $70 billion, becoming a key growth driver [8] - Q4 revenue for Google Cloud was $17.66 billion, a 48% increase from $11.96 billion year-over-year [8] - The backlog of unfulfilled orders for Google Cloud increased by 55%, reaching $240 billion by the end of Q4 [8] Advertising Revenue Stability - Google Services revenue reached $95.86 billion, a 14% increase from $84.09 billion year-over-year, accounting for 84.2% of total revenue [8] - Total advertising revenue was $82.3 billion, a 14% increase from the previous year, exceeding expectations [8] - YouTube ad revenue was $11.38 billion, up 9% from $10.47 billion year-over-year, with total YouTube revenue surpassing $60 billion for the year [8] Other Business Segments - Google Ad Network revenue decreased by 2% to $7.83 billion year-over-year [9] - Other innovative business segments, including Verily and Waymo, reported a revenue decline of 8% to $370 million [9] - Waymo incurred a stock option expense of $2.1 billion, significantly impacting its financials [9]

Yet another, yet another quarter to put into a frame. Nothing to be said. Every quarter I rip my hair out, and I say, "Wow!" How are they able to make these kinds of numbers? I have no idea how they do it, but itI’m a Portfolio manager (flexible equity funds and private clients), fundamental equity research, macro and geopolitical strategy.Over 10 years across global markets, managing multi-asset strategies and equity portfolios at a European asset manager.I combine top-down macro, bottom-up stock selection ...

【环球网科技综合报道】近日，阿里千问APP落地酒店场景，率先在多家合作酒店部署基于NFC技术的"碰一碰"功能。住客只需用手机轻碰千问感应贴纸， 即可一键唤醒千问APP，获得基于地理位置的景点导览、特色餐饮、交通路线等个性化内容，并同步领取淘宝闪购优惠券等权益。该功能依托客房内已有的 天猫精灵智能音箱硬件，首批落地杭州、广州、昆明等热门旅游城市，计划春节前覆盖上万间客房。 "碰一碰"唤醒千问APP后，用户可以直接语音提问，比如："想尝尝本地美食，有没有靠谱的老字号？"或者"附近有哪些必打卡的景点？"千问APP会即刻生 成图文并茂的推荐内容，并基于高德扫街榜、飞猪等真实数据进行智能筛选。 此外，千问APP还支持AI景点讲解、智能消除图片中路人、一键生成朋友圈文案等实用功能，让用户的旅行体验更轻松、更丰富。 据悉，依托天猫精灵已有的酒店合作网络，千问APP将在春节后加速客房场景的覆盖，并逐渐延伸至景区、机场等出行场景，加速AI助手从"能聊天"向"会 办事"转型。（勃潺） 面对"定制旅游计划"等复杂需求时，千问APP还能根据用户的预算、兴趣偏好等设计专属行程，不仅规划详细，还深度打通阿里生态，支持用户从千问的回 答中 ...