（文章来源：第一财经） 据36氪，百度智能云正式推出OpenClaw极速简易版部署方案，开发者登录百度智能云官网，基于轻量 应用服务器可视化配置面板，用户可轻松实现OpenClaw快速部署，加速Agent应用从体验到实用的落地 进程。 ...

Core Points - The Rosen Law Firm is reminding investors who purchased CoreWeave, Inc. securities between March 28, 2025, and December 15, 2025, of the lead plaintiff deadline on March 13, 2026 [1] - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has been filed against CoreWeave, alleging that the company made false and misleading statements regarding its ability to meet customer demand and the risks associated with its reliance on a single third-party data center supplier [5] Legal Action Details - Investors wishing to join the class action can do so by visiting the provided link or contacting the law firm directly [3][6] - A lead plaintiff must file a motion with the court by March 13, 2026, to represent other class members [3] - No class has been certified yet, meaning investors are not represented unless they retain counsel [7] Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest against a Chinese company [4] - The firm has been ranked highly for its number of securities class action settlements and has recovered hundreds of millions for investors [4]

智通财经APP获悉，金山云(03896)涨超5%，截至发稿，涨5.55%，报6.86港元，成交额1.96亿港元。 野村发布研报称，金山云作为小米集团-W生态圈中唯一的人工智能云基础设施供应商，有望持续受惠 于小米锐意发展大语言模型(LLM)的决心，潜在的H200晶片进口或能缓解公司在2026财年面临的短缺问 题。该行认为，公司受惠于持续强劲的LLM训练需求，以及消耗更多Token的智能体等应用所带动的推 理需求增长所推动，相信今年中国AI投资周期仍在加速，相应将金山云2025至2027财年收入预测上调 1.4%至8.9%。 消息面上，近期，谷歌云、亚马逊AWS等云服务商相继涨价。华创证券认为，云厂商涨价与AI开支扩 张共同重塑AIDC产业逻辑。涨价潮提升算力资产回报预期，需求爆发则抬升产业规模天花板，推动 AIDC从重资产行业升级为具备高壁垒、高确定性的核心基础设施赛道。具备技术迭代能力、资源整合 效率的头部厂商有望持续受益于结构性红利。 ...

Core Insights - The article discusses Alibaba's aggressive strategy to capture the AI entry point during the 2026 Spring Festival, with significant investments and initiatives aimed at enhancing its AI ecosystem [1][3]. Group 1: AI Ecosystem Development - Alibaba is investing 30 billion yuan in a "Spring Festival 30 Billion Free Order" initiative to attract millions of users and seize the AI lifestyle entry point [1]. - The company aims to integrate its various services, including e-commerce, payment, local life, logistics, and cloud computing, into a cohesive AI ecosystem [1][5]. - The launch of the "Spring Festival 30 Billion Free Order" has already resulted in over 1 million orders for milk tea within three hours, showcasing the effectiveness of AI in service delivery [3][4]. Group 2: Financial Performance - In the fiscal year 2026, Alibaba reported a record revenue of 495.447 billion yuan, a 3% year-on-year increase, while net profit decreased by 6% [7]. - The second quarter of fiscal year 2026 saw revenue of 247.795 billion yuan, a 5% increase, driven by AI-related cloud services and the rapid growth of the instant retail sector [8]. - Alibaba's cloud revenue reached 39.824 billion yuan in the second quarter, marking a 34% year-on-year growth, with AI-related products contributing approximately 20% to cloud revenue [8]. Group 3: Investment in AI Infrastructure - Alibaba plans to invest over 380 billion yuan in cloud and AI hardware infrastructure, which is the largest investment in this sector by a private company in China [8][9]. - There are indications that this investment could increase to 480 billion yuan due to rising demand for AI servers and supply chain constraints [10][9]. - Alibaba Cloud holds a 35.8% market share in China's AI cloud market, leading the sector significantly [11].

Core Viewpoint - Amazon's significant investment in AI and cloud infrastructure is met with investor concerns about spending and potential overcapacity, yet the company's leadership reassures that demand for AWS services remains strong across both AI and non-AI projects [1][2][10]. Group 1: Amazon's AI Strategy - Amazon is not only a leader in e-commerce but also in cloud computing through Amazon Web Services (AWS), which has seen growth driven by AI demand [5][6]. - AWS provides a range of AI solutions, including in-house developed chips and access to Nvidia's high-end chips, along with services like Amazon Bedrock for adapting large language models [6][7]. Group 2: Financial Performance - AWS reported a $142 billion annual revenue run rate, with a 24% revenue increase, marking the strongest growth rate in 13 quarters [7]. - Amazon's market capitalization stands at $2.2 trillion, with a current stock price of $210.32, reflecting a recent decline of 5.55% [9]. Group 3: Leadership Insights - CEO Andy Jassy emphasized that customers are increasingly choosing AWS for both core and AI workloads, indicating resilience in demand even if AI growth slows [9][10]. - Jassy also noted that Amazon is monetizing new capacity immediately, which suggests that the company is not solely reliant on AI demand and is effectively managing its investments [11].

Core Viewpoint - Amazon is aggressively investing in artificial intelligence and related technologies, leading to a significant forecast of $200 billion in capital expenditures for 2026, which has caused a drop in its stock price [1][5]. Financial Performance - Amazon's fourth-quarter revenue increased by 14% to $213 billion, while operating income rose by 18% to $25 billion, driven by growth across its retail, advertising, and cloud sectors [3]. - The company's gross margin stands at 50.29% [5]. Capital Expenditure Insights - CEO Andy Jassy indicated that the company expects to invest approximately $200 billion in capital expenditures in 2026, citing strong demand for AI services, custom semiconductor chips, warehouse automation, and space-based internet offerings [5][6]. - Wall Street had anticipated a capital expenditure of around $150 billion, making the additional $50 billion a surprise that led to investor concerns and a sell-off of shares [7].

Core Viewpoint - Alphabet is experiencing significant growth, particularly driven by its investments in artificial intelligence (AI), which could lead to further stock price increases by 2027 [2][4]. Financial Performance - Alphabet reported fourth-quarter revenue of $113.8 billion, translating to a per-share profit of $2.82, surpassing analysts' expectations of $111.4 billion in revenue and $2.63 in profit per share [4]. - The company's gross margin stands at 59.68%, with a current market capitalization of $3.9 trillion [5][6]. Investment in AI - Alphabet plans to nearly double its capital expenditures in the upcoming year, primarily focusing on AI infrastructure [6]. - Unlike some competitors, Alphabet's spending on AI has been effective, yielding positive returns [7]. Cloud Business Growth - Alphabet's cloud computing segment, which includes its AI data center business, generated $17.7 billion in revenue for the last quarter, with operating income reaching $5.3 billion [8]. - The cloud unit's revenue grew by 48% year-over-year, and its operating income more than doubled during the same period, now accounting for about 15% of Alphabet's overall revenue [13]. Market Outlook - The global AI data center industry is projected to grow at an average annual rate of 25% through 2031, indicating substantial market potential for Alphabet [14].

Core Viewpoint - Amazon reported strong earnings with a top-line beat and significant growth in AWS, yet the stock fell due to concerns over a $200 billion capital expenditure plan for 2026 [1][2][6]. Financial Performance - Net sales reached $213.4 billion, reflecting a 14% year-over-year increase [6]. - Operating income was reported at $25.0 billion, or $27.4 billion when excluding one-time charges [6]. - Net income stood at $21.2 billion, translating to $1.95 per diluted share [6]. - AWS sales amounted to $35.6 billion, marking a 24% year-over-year growth [6]. - Free cash flow decreased to $11.2 billion from $38.2 billion a year earlier [10]. - Operating cash flow increased by 20% to $139.5 billion [10]. AWS Significance - AWS continues to be a critical component of Amazon's business, with operating income from AWS at $12.5 billion in Q4 [5]. - The growth of AWS exceeded expectations and accelerated as more capacity became available [5]. Market Reaction - Despite strong earnings, the stock fell by as much as 9% due to investor concerns about the capital expenditure plan [1][2]. - The market is currently evaluating whether major tech companies are shifting from "asset-light" models to capital-heavy operations, which adds to the apprehension surrounding Amazon's spending plans [8]. Strategic Outlook - The $200 billion capital expenditure target is viewed as a necessary investment to maintain competitiveness in AI and cloud services, rather than a sign of financial strength [2][7].

Core Insights - Alphabet reported Q4 2025 results that exceeded Wall Street estimates, with a 2.4% revenue surprise and a 6.8% outperformance on earnings [1] - Google Cloud experienced significant growth, with sales increasing by 48% year over year to $17.7 billion, representing 15.5% of Alphabet's total revenues, and operating income rising 154% to $5.3 billion [2] - Despite strong results, Alphabet's stock fell 6.5% post-report due to concerns over its substantial AI infrastructure spending plans [3][4] - Alphabet remains the top performer among the "Magnificent Seven" stocks over the past year, with a stock price increase of 68%, outperforming Nvidia's 47% gain [5] Valuation Analysis - Alphabet's stock is currently trading at 30 times trailing earnings and 9.6 times sales, which may be considered high but not excessively so for the tech sector [8] - The forward price-to-earnings ratio stands at 24x, with a price/earnings-to-growth (PEG) ratio of 2.0, indicating a potentially overvalued position [8] - Analyst consensus suggests a conservative five-year average earnings growth estimate of 12.3% per year, significantly lower than the current five-year growth rate of 30% [8]

Economic Data Insights - The January employment report on Wednesday at 8:30am will analyze nonfarm payrolls, unemployment rate, and average hourly earnings to assess labor market conditions and their impact on Fed policy [1][3] - The mid-week timing of the employment report creates unique dynamics, compressing the time for market adjustments before Friday's CPI release [3] Retail Sales and Consumer Spending - December retail sales data on Tuesday at 8:30am will provide insights into holiday shopping performance and consumer spending trends as 2026 begins [2][4] - The report will help determine if strong labor markets are translating into sustained consumer spending or if households are retrenching due to inflation pressures [4] Technology Sector Analysis - Earnings from Cisco (CSCO) on Wednesday and Arista Networks (ANET) on Thursday will provide insights into enterprise networking demand and data center investment amid questions about AI spending sustainability [5] - Cisco's results will focus on corporate IT budgets and cybersecurity product adoption, while Arista's earnings will assess trends in hyperscaler capital expenditures [5] Digital Platforms and Financial Technology - Earnings from Robinhood (HOOD) on Tuesday will provide insights into retail trading activity and cryptocurrency transaction volumes [6] - Results from Shopify (SHOP) and AppLovin (APP) will test the health of e-commerce platforms and mobile gaming advertising, respectively [7] Inflation and Market Reactions - The January CPI report on Friday at 8:30am will be critical for assessing inflation trends, particularly in energy prices, housing costs, and services inflation [8] - The timing of the CPI report following the employment data could lead to significant market volatility, especially in rate-sensitive sectors [8]