2月18日晚间，美股集体高开高走。国际黄金、白银、原油期货直线大涨。 热门中概股上涨居多，纳斯达克中国金龙指数小幅上涨。霸王茶姬涨超3%，百度集团、阿里巴巴、蔚 来涨超1%；金山云跌超1%。 国际油价大幅拉升，布伦特原油期货涨超2.5%。消息面上，当地时间2月18日，斯洛伐克政府因乌克兰 中断俄罗斯石油过境运输，宣布自19日起进入国家石油紧急状态。 国际贵金属集体拉升，截至发稿，现货黄金再度站上5000美元/盎司，涨超2.5%，现货白银涨幅扩大至 6%，现货铂金涨超3%，现货钯金涨5.5%。纽约期银涨超5%，期金涨超2%。 三大股指拉升扩大涨幅，截至发稿，道指涨0.64%，纳指涨超1%，标普500指数涨0.8%。 个股方面，英伟达涨超1%，消息面上，Meta加码英伟达，未来数年部署数百万颗芯片，首次采用Grace CPU。苹果小幅下跌，媒体报道称，知情人士称苹果正发力可穿戴领域，未来智能眼镜、AI吊坠将陆续 登场。 分析称，交易员们还在关注即将公布的美联储1月会议纪要。不过，本周的下一个重大催化剂可能是周 五公布的个人消费支出价格指数读数。 对于美联储未来降息，美国白宫国家经济委员会主任哈塞特表示，美联储还有 ...

Market Performance - On February 18, US stock indices opened higher, with the Dow Jones up by 0.5%, Nasdaq up by 0.5%, and S&P 500 up by 0.41% [1] - Major tech stocks showed mixed performance, with Nvidia increasing by 2% [1][2] Company Developments - Meta announced the deployment of Nvidia's new standalone CPU and next-generation Vera Rubin system in its AI data centers, marking the first large-scale independent deployment of the Grace CPU [3] - Nvidia's Grace CPU is now being used independently in Meta's data centers, differing from previous integrations with GPUs [3] International Indices - European stock indices saw overall gains, with the UK FTSE index rising by 1.07% and reaching a historical high, while the French CAC index increased by 0.29% and the German DAX index rose by 0.84% [4] Commodity Prices - International crude oil futures experienced significant increases, with WTI crude oil up by 3.02% at $64.14 per barrel and Brent crude oil up by 3.04% at $69.47 per barrel [6] - Precious metals also saw price increases, with spot silver rising by 5.4% and spot gold increasing by 2.39% [6] Geopolitical Events - The Slovak government declared a national oil emergency starting February 19 due to the interruption of Russian oil transit through Ukraine [8] - The Russian Defense Ministry reported joint naval exercises with the Iranian Navy in the Oman Gulf, aimed at ensuring the safety of civilian shipping [8]

新京报贝壳财经讯2月18日，腾讯宣布，元宝日活跃用户（DAU）超5000万，月活跃用户（MAU）已达 1.14亿。 （文章来源：新京报） ...

此前一天，腾讯发布的元宝分10亿现金红包活动报告显示，元宝春节主会场累计抽奖次数超36亿次，用户通过"创 作"栏完成AI任务超10亿次。 新京报贝壳财经讯（记者罗亦丹）2月18日，腾讯正式宣布，元宝日活跃用户（DAU）超5000万，月活跃用户 （MAU）已达1.14亿。 元宝持续迭代更新，21天内已迭代更新159项功能，今天元宝还公布了更多更新计划。正月初五，用户在元宝派内 聊天，元宝会随机掉落红包。同时，在切换不同元宝派时，一起听不会掉线。正月十五元宵节，用户还可以在派 里一起看湖南卫视元宵晚会直播。 （文章来源：新京报） ...

Core Viewpoint - The article discusses the unprecedented acceleration of AI adoption in China, particularly during the Spring Festival of 2026, marking a significant shift in user engagement and interaction with AI technologies [5][6][60]. Group 1: Population Dividend 2.0 - The past two decades of China's internet growth were characterized by the increase in the number of internet users, reaching 1 billion by 2020, which is referred to as the population dividend 1.0 era [9][10]. - The emergence of AI represents a new opportunity for major tech companies, termed population dividend 2.0, as it allows for deeper user engagement beyond mere internet access [11]. - AI's adoption requires overcoming psychological barriers, as users must learn to interact with machines, which is more complex than simply accessing the internet [14][15]. Group 2: The Role of Red Envelopes - The Spring Festival red envelope campaigns by major companies like Alibaba, Tencent, and ByteDance forced millions to engage with AI for the first time, significantly broadening the user base [20][24]. - This initial interaction is crucial as it helps to eliminate fears associated with new technology, paving the way for habitual use of AI [22][27]. - The red envelope strategy mirrors the success of WeChat's red envelopes in 2014, which catalyzed the adoption of mobile payments in China [24][26]. Group 3: User Demographics Shift - Before the Spring Festival, AI users were primarily young, urban, and tech-savvy individuals, but post-festival, the user demographic expanded to include older adults and residents from lower-tier cities [32][33]. - The rapid user base expansion is unprecedented, with significant engagement from demographics previously unfamiliar with AI technologies [36]. Group 4: Transition to Competition - The Spring Festival marks a transition from incremental competition to a focus on retaining users, as the market for AI has opened up and users have begun to experience the technology [38][40]. - Post-festival, the emphasis shifts to user retention metrics, such as daily active users (DAU) and retention rates, rather than just acquiring new users [41][42]. - The competition will increasingly focus on product differentiation, as users will begin to compare the effectiveness and usability of different AI platforms [42][44]. Group 5: Future Directions - The competition in the AI space will evolve to focus on user experience, integration into daily life, and the development of killer applications that meet diverse user needs [53][55]. - Companies must establish deep integrations of AI within their ecosystems to create barriers to switching, as users will become accustomed to specific platforms [56][57]. - The article concludes that the Spring Festival of 2026 will be remembered as a pivotal moment in AI adoption, fundamentally changing how users interact with technology [60][66].

今晚，全球资产集体上涨！ 记者丨金珊 北京时间2月18日晚，欧洲股市高开高走，泛欧斯托克600指数涨0.93%，创历史新高，英国富时指数涨 1.05%，续刷历史新高；法国CAC指数涨0.55%，德国DAX指数涨0.83%，西班牙IBEX35指数涨近 1.4%，逼近历史新高。 美股方面，美国三大股指期货齐涨，纳指期货涨0.53%，标普500指数期货涨0.41%，道指期货涨 0.26%。 美股部分大型科技股盘前走强，英伟达涨近2%。消息面上，据智通财经报道，Meta加码英伟达，未来 数年部署数百万颗芯片，首次采用Grace CPU。此外，亚马逊涨1.4%，特斯拉涨超0.4%，微软涨近 0.4%。 编辑丨江佩霞 国际金属全线走强，现货黄金涨超1%，报4929美元/盎司，现货白银涨2.6%，报75.4美元/盎司，LME伦 铜涨幅扩大至1%。 消息面上，关于美联储降息的预期又有变化。据证券时报报道，北京时间2月18日凌晨，美国旧金山联 储主席玛丽·戴利表示，达到中性利率之前，美联储大约还有75个基点的降息空间；美联储理事迈克尔· 巴尔表示，前景暗示美联储将在一段时间内维持利率不变；美国芝加哥联储主席古尔斯比则表示，如果 ...

Core Insights - Tencent's Yuanbao has surpassed 50 million daily active users (DAU) and reached 114 million monthly active users (MAU) [1] - The Yuanbao Spring Festival event reported over 3.6 billion lottery draws and users completed over 1 billion AI tasks through the "creation" section [1] - Yuanbao has undergone 159 feature updates within 21 days and announced additional update plans [1] User Engagement - The random distribution of red envelopes during chats in Yuanbao will begin on the fifth day of the Lunar New Year [1] - Users will not experience disconnection while switching between different Yuanbao groups [1] - A live broadcast of the Lantern Festival gala from Hunan TV will be available for users in the group on the fifteenth day of the Lunar New Year [1]

3. 伯克希尔哈撒韦连续第三个季度减持美国银行和苹果，增持纽约时报。 1. 美国三大股指期货齐涨，纳指期货涨0.53%，标普500指数期货涨0.41%，道指期货涨0.26%。 2. 欧股多国股指刷新历史新高，截至发稿，德国DAX指数涨0.83%，英国富时100指数涨0.97%，法国 CAC指数涨0.45%，欧洲斯托克50指数涨0.84%。 4. 段永平试水"AI交易"：Q4卖苹果加仓663.93万股英伟达，建仓CoreWeave、Credo Technology、 Tempus Ai。 5. 英伟达和Meta宣布建立多年战略合作伙伴关系，Meta将部署数百万颗英伟达芯片。 6. 微软计划未来10年向"全球南方"人工智能领域投资500亿美元。 7. 谷歌I/O开发者大会定档5月19至20日，预计将发布Gemini大模型及其他AI产品更新。 8. 谷歌计划在美国和印度之间建设新的光纤线路，以提高网络连接速度和可靠性。 9. 特斯拉避免加州30天销售禁令，自动驾驶功能营销实现合规。 10. 英伟达清仓所持Arm股份，套现约1.4 亿美元。 11. 西部数据拟出售部分闪迪股份，筹资31.7亿美元用于削减债务。 12. ...

科技股分化：清仓Meta，加仓谷歌与Sea 科技股方面，德鲁肯米勒Q4进行了显著的分化操作。 美东时间2月14日周五美股盘后，递交美国证监会（SEC）的13F文件披露，传奇投资人斯坦利·德鲁肯 米勒（Stanley Druckenmiller）旗下的杜肯家族办公室（Duquesne Family Office）在2025年第四季度进行 了大规模调仓。 Q4，德鲁肯米勒"精准"开仓了金融板块ETF（XLF）、标普500等权重ETF（RSP）和巴西ETF，同时清 仓了Meta，并继续加仓Alphabet（谷歌）。 这份持仓报告公布之际，正值德鲁肯米勒的两位"门徒"——斯科特·贝森特（Scott Bessent）和凯文·沃什 （Kevin Warsh）正式进入美国经济决策核心层。贝森特已于今年1月就任美国财政部长，而沃什刚被提 名为美联储主席。 "精准"开仓金融ETF、标普等权重ETF和巴西ETF 文件显示，德鲁肯米勒在四季度新进买入道富金融精选行业SPDR ETF（XLF），建仓规模达549.56万 股，期末持仓市值约3.01亿美元。这一举动使XLF直接成为其组合中的第二大重仓标的，占总资产权重 的6.7%。 与 ...

个人的成长，从来都与故土的变迁同频共振。 儿时的郎官巷，青石板路光滑，青砖黛瓦错落，巷口老槐树遮天蔽日，邻里纳凉闲谈的场景，是最质朴的烟火图景。那时出行靠自行车和公交，街道狭 窄，商铺多是小杂货店与小吃摊，却有着纯粹的生活气息。 "少小离家老大回，乡音无改鬓毛衰。" 唐代诗人贺知章的诗句，穿越千年风雨，依然精准叩击着每一个归乡人的心扉。 2026年腊月廿三，小年刚过，年味渐浓，我告别深圳的霓虹喧嚣，踏上了前往家乡宁波的归途。 宁波，这座枕江靠海的城市，既有"走遍天下，勿如宁波江厦"的昔日繁华，也有"港通天下、书藏古今"的当下风采。它没有一线城市的喧嚣浮躁，却有着 二线城市独有的温润与厚重。 从小到大，我在海曙区的老巷里长大，记忆中的甬城，是南塘河上摇曳的乌篷船，是老外滩斑驳的欧式建筑，是巷口老铺飘来的油赞子香气，更是家族团 聚时餐桌上的红膏呛蟹与宁波汤圆。 如今，时隔一年归来，熟悉的故土既有不变的温情，更有令人惊叹的变迁，每一处细节，都藏着时代发展的印记，每一段见闻，都承载着个人与故土的羁 绊。 01 老巷藏岁月，成长伴乡愁 记忆中，最期待的便是春节。 进入腊月，巷子里就开始弥漫着浓浓的年味，家家户户都在忙着 ...