Chinese e-commerce giant Alibaba's cloud business unit has launched its second data centre in Dubai, it said on Tuesday, nine years after its first, as it expands its global cloud computing services t... ...

Core Insights - Nebius Group is a rapidly growing AI neocloud company that has seen its stock price increase by over 618% in the past year due to high demand for cloud computing capacity [1] - The company not only focuses on AI cloud services but also has interests in autonomous vehicles and significant equity stakes in other AI firms, including a 28% stake in ClickHouse, a leading AI data company [2][3] Company Overview - Nebius Group was spun off from Yandex and began trading on the Nasdaq Stock Exchange in October [1] - The company has diversified its portfolio by acquiring stakes in other AI-related businesses, enhancing its market position [2] ClickHouse Insights - ClickHouse, in which Nebius holds a 28% stake, specializes in real-time analytics, machine learning, and data warehousing, making it valuable for various applications such as risk modeling and fraud detection [3] - ClickHouse has gained a substantial customer base, including high-profile clients like Instacart, which utilizes its capabilities for real-time data storage and analytics [4][7] Financial Performance - ClickHouse recently raised $350 million in a Series C funding round, valuing the company at $6.35 billion, and has surpassed 2,000 customers while quadrupling its annual recurring revenue [6][7] - The company is experiencing strong adoption from notable AI firms, indicating robust market demand for its services [7] IPO Prospects - ClickHouse's CEO has expressed interest in going public, suggesting that the company is preparing for an IPO as market conditions for AI companies are favorable [8][9] - The anticipated IPO could enhance the value of Nebius's stake in ClickHouse, benefiting the company financially [11]

The two cloud computing giants are both seeing business boom thanks to demand for generative AI.The advancements made in artificial intelligence (AI) over the last few years have required exponentially growing amounts of computing power. That's been a huge boon for GPU makers like Nvidia, but Nvidia's biggest customers have also benefited by renting out those GPUs to companies training large language models and developing new AI applications.Microsoft (MSFT 0.61%) and Oracle (ORCL 5.20%) are two of the bigg ...

根据公告，此次调价产品的规格族包括ecs.c9i、ecs.g9i、ecs.r9i、ecs.ebmc9i、ecs.ebmg9i、ecs.ebmr9i，阿里云对相应产品 的包月价、包年价格及节省计划进行了普降，以ecs.g9i产品为例，该产品在法兰克福降价10.26%，在东京降价7.89%，迪 拜降价9.64%。 尽管本次降价的范围并不大，但能够从中窥见阿里云进攻海外市场的野心。 阿里云再度开启了海外市场的降价攻势。 阿里云官网公告显示，自北京时间10月30日起，阿里云部分云服务器ECS产品价格将在法兰克福、东京、迪拜进行价格下 调，降幅最高达到10.26%。 用更多基础设施的投入和AI产品来抢占海外市场正在成为阿里云全球化的一项重要战略，AI产品的价格战或许将成为其中 的一个缩影。 | 地域 | 规格族 | 官网包月 | | | 官网包年价格 | | | | 节首计划 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 价格 | | | | | | | | | | | | | 1年 | 2年 | 3年 | 4 ...

Core Insights - Google is set to invest $10 billion in new data centers in southern India, marking a significant investment in the region to meet the rising demand for AI [1] - The investment will be part of a 1 gigawatt project in Andhra Pradesh, with plans to develop three campuses in Visakhapatnam [2] - The investment aligns with a broader trend of increasing infrastructure investments by tech companies to support the growing global demand for cloud and AI services [3] Investment Details - The memorandum for the investment will be signed following a year of discussions, indicating a strong commitment from both Google and the Indian government [2] - Google's Indian subsidiary, Raiden Infotech, will be responsible for the development of the data centers [2] - This investment is part of Google's broader strategy, as the company has raised its capital expenditure forecast for 2025 to $85 billion, reflecting strong demand for cloud services [4] Industry Trends - The investment in India is part of a larger trend where multinational companies like Microsoft and AWS are also increasing their investments in the country's cloud and AI infrastructure [5] - The Indian state of Andhra Pradesh plans to enhance its computing capacity significantly over the next three years to accommodate the growing demand [3]

图片来源： Tigris 人工智能企业的爆发式增长将算力需求推至前所未有的高度， CoreWeave 、 Together AI 和 Lambda Labs 等公司凭借提供分布式计算资源的能力，成 功把握这一需求浪潮，吸引了海量关注与资本注入。 " 现代 AI 工作负载和 AI 基础设施正在选择分布式计算而非大型云服务， " Tigris Data 联合创始人兼 CEO Ovais Tariq 向 TechCrunch 表示， " 我们 希望为存储提供同样选择，因为没有存储，计算就无从谈起。 " 由开发优步存储平台的团队创立的 Tigris 正在建设本地化数据存储中心网络，声称能满足现代 AI 工作负载的分布式计算需求。这家初创公司的 AI 原 生存储平台 " 随计算资源动态迁移， 实现 数据自动复制至 GPU 所在位置，支持海量小文件存储，并为训练、推理和智能体工作负载提供低延迟访 问， "Tariq 解释道。 为实现这一目标， Tigris 近期完成了 2500 万美元的 A 轮融资，本轮由 Spark Capital 领投，现有投资者 Andreessen Horowitz 等机构跟投—— TechCr ...

隔夜股市 | 标的 | 涨跌 | | --- | --- | | 上证指数 | -0.19% | | 深证成指 | -0.93% | | 恒生指数 | -1.52% | | 日经225指数 | | | 韩国KOSPI | -0.72% | | 德国DAX30 | 0.60% | | 英国富时100 | 0.16% | | 法国CAC40 | 0.21% | | 欧洲斯托克50 | 0.70% | | 道琼斯指数 | 1.29% | | 标普500指数 | 1.56% | | 纳斯达克指数 | 2.21% | 美东时间周一，美股三大指数集体收涨，道指涨1.29%，纳指涨2.21%，标普500指数涨1.56%。 纳斯达克中国金龙指数收涨3.21%，热门中概股普涨，世纪互联涨超10%，蔚来涨近7%，名创优品涨超 5%，阿里巴巴、京东涨超4%，小鹏汽车、百度涨超3%。 欧洲主要股指集体收涨，英国富时100指数涨0.16%，法国CAC40指数涨0.21%，德国DAX30指数涨 0.6%，欧洲斯托克50指数涨0.7%。 商品市场 | 标的 | 涨跌 | | --- | --- | | NYMEX WTI原油 | 1.00 ...

Market Overview - The current market environment is characterized by a lack of margin for error, with risks in the real economy being underestimated [2] - The US economy is expected to experience a slowdown in growth, particularly in the third quarter, continuing into the second quarter of the next year [6][7] - The AI buildout boom is currently offsetting the economic slowdown, but if the economy worsens, it could negatively impact the market [8] AI Sector Insights - The AI buildout is still accelerating, with significant investments and developments expected to continue [3] - Companies like Oracle are projecting substantial revenue growth, indicating a competitive landscape in the cloud business [13] - Some AI-related stocks are becoming overvalued, while others, like Microsoft, are still considered undervalued [14] Real Economy and Value Stocks - Many real economy stocks, particularly in the commodity chemical and industrial sectors, have seen significant declines, with some companies reporting a 50% year-over-year drop in EBITDA [4][10] - There is a focus on undervalued sectors such as real estate, energy, and healthcare, with real estate trading at a 7-8% discount to fair value [16][17] - Specific undervalued stocks include Ventas and Health Peak in the healthcare REIT space, and Bristol Myers in the healthcare sector, which is trading at a 33% discount to fair value [19][20] Financial Sector Analysis - The financial sector is viewed as overvalued, with expectations that large banks will report strong numbers, but smaller overlooked names like LPL Financial are considered undervalued [22][23] Recommendations on Portfolio Adjustments - Stocks like Reddit and Sherwin Williams are recommended for profit-taking due to their overvaluation, with Reddit trading at a 50% premium and Sherwin Williams at a 30% premium to fair value [25][28]

Core Insights - The combined projected spending on AI infrastructure by Amazon, Microsoft, Alphabet, Meta, and OpenAI is estimated to reach $325 billion by the end of the year [1][2][4]. - Major tech companies are significantly increasing their capital expenditures (CapEx) for AI, with Microsoft at $64.6 billion, Amazon at $107.7 billion, Alphabet at $66.9 billion, and Meta at $52.2 billion, while Apple is comparatively lower at $12.4 billion [4][6]. AI Infrastructure Investment - The AI infrastructure opportunity is seen as a paradigm shift, with companies integrating AI into their workflows and operations [3][4]. - Alibaba is highlighted as a strong investment opportunity in AI, with significant investments in AI capabilities, including data centers and custom chips, and a rapidly growing Cloud Intelligence unit [6][8]. - AMD is positioned as a competitor to NVIDIA, having signed a multi-year deal with OpenAI to supply compute capacity, which is expected to generate substantial revenue [9][10]. Market Predictions and Trends - There is a prediction of a mini crash in the AI infrastructure investment theme within the next three years, leading to a reevaluation of spending by major hyperscalers [12][13]. - Despite potential downturns, there is a belief that the demand for AI infrastructure will remain strong, with forecasts suggesting $2 trillion in investment by 2026 and $4 trillion by 2030 [13][14]. - The emergence of specialist AI models is anticipated, which could lead to more efficient use of resources and quicker returns on investment [14][15]. Company Evaluations - Klarna is viewed as a "breaker" due to its pioneering role in the buy now pay later industry, despite concerns about reliance on consumer spending [17][18]. - StubHub is considered a "faker" due to its struggles with margins and potential regulatory scrutiny, indicating challenges in sustaining its market position [19][20]. - Fermi, a new company focused on building data center scale electric power, is labeled a "faker" as it is seen as a business plan without substantial revenue or operational history [22][24].

Group 1 - Goldman Sachs significantly raised Alibaba's capital expenditure forecast for FY2026-2028 to 460 billion RMB, marking one of Wall Street's most aggressive predictions [2][3] - Analysts believe that the transformation of AI capital expenditure is reshaping Alibaba's growth expectations, with recent breakthroughs in AI cloud computing capabilities and international expansion potential providing new upward momentum for the stock price [3][6] - Alibaba's AI cloud revenue has achieved triple-digit growth for eight consecutive quarters, reaching 20% of cloud revenue in the June quarter [3][6] Group 2 - Goldman Sachs introduced an analysis framework for the conversion of AI capital expenditure to revenue, estimating that Alibaba's current data center capacity is 3-4 GW, with plans to expand to 20 GW by 2032 [6][7] - Three scenarios for capital expenditure were set: a baseline of 460 billion RMB, an optimistic scenario of 550 billion RMB, and a pessimistic scenario of 380 billion RMB [7] Group 3 - Alibaba Cloud's international expansion is a key factor in Goldman Sachs' valuation increase, with expectations that international business revenue will grow from single digits to about 25% by FY2028, with a high double-digit CAGR [9] - Alibaba Cloud has established 91 availability zones across 29 regions, with 900 overseas nodes, and is accelerating data center construction in various countries [9] Group 4 - Despite raising the target price, Goldman Sachs warned of short-term challenges for Alibaba, predicting an 80% year-on-year decline in group EBITA for the September quarter due to investments in instant e-commerce [10][11] - The competition in the instant e-commerce sector, particularly with Meituan, is seen as a critical variable, with market share expected to stabilize at a 5:4:1 ratio among Meituan, Alibaba, and JD.com [10][11] - The revised bullish and bearish scenario analysis indicates a target price of up to 280 USD in an optimistic case, representing a 76% upside potential, while a pessimistic case suggests a target of 141 USD with only an 11% downside risk [11]