Core Insights - Nebius Group has experienced a remarkable stock price increase of 475% over the past year, driven by strong demand for its AI data centers [1] - Despite concerns about its high valuation, the company's substantial revenue backlog and growth potential suggest it may not be in a bubble [2][7] Valuation Analysis - Nebius has a price-to-sales (P/S) ratio of 114, significantly higher than the U.S. technology sector average of 9.5 and its peer CoreWeave's ratio of 19 [3] - The company's revenue for the latest quarter was $105 million, reflecting a staggering growth rate of 645% year-over-year, compared to CoreWeave's revenue of $1.21 billion, which tripled year-over-year [5] Growth Drivers - Nebius is engaged in building dedicated AI data centers using advanced chips from Nvidia, AMD, and Intel, and offers a flexible rental model for its infrastructure [8][9] - A significant contract with Microsoft, valued at $19.4 billion over five years, is expected to enhance Nebius' growth trajectory, with an anticipated annualized run-rate revenue of $1 billion by the end of 2025 [10][11] Capacity Expansion - The company had 220 megawatts (MW) of connected capacity by the end of Q2 and aims to increase this to over 1 gigawatt (GW) by the end of 2026 [14] - Analysts predict that Nebius could achieve $4.4 billion in revenue by 2027, potentially increasing its market cap to nearly $84 billion if it trades at a discounted P/S ratio of 19 [15][16]

Core Viewpoint - Oracle is experiencing significant volatility in its stock price, recently surging 36% due to a major cloud deal with OpenAI, but has since dropped around 25% from its 52-week high as investor sentiment shifts regarding AI spending [1][2] Group 1: Cloud Infrastructure Expansion - Oracle is rapidly expanding its cloud infrastructure, with plans to launch over 70 new multicloud data centers designed for high-performance computing in the coming years [3] - The Oracle Cloud Infrastructure (OCI) is positioned to complement Oracle's legacy database services, creating new revenue streams from enterprise clients [3] Group 2: Competitive Positioning - OCI's pricing model is tailored for companies already using Oracle's database services, making it more cost-effective than major competitors for demanding workloads [5] - By integrating its services with major cloud providers like AWS, Microsoft Azure, and Google Cloud, Oracle enhances performance while also competing with these giants [4] Group 3: Financial Metrics and Market Performance - As of the latest data, Oracle's stock is trading at $244.14 with a market cap of $695 billion, and it has a gross margin of 66.10% [6] - The stock is currently valued at 37.8 times forward earnings, indicating a high valuation that could improve if OCI develops into a high-margin revenue source [10] Group 4: Risks and Challenges - Oracle's balance sheet shows a reliance on debt to finance its data center expansion, which poses risks if key customers reduce spending [6][9] - The aggressive pricing strategy to gain market share could impact Oracle's profitability and delay debt repayment if revenue targets are met through margin compression [7]

Core Insights - Quantum computing is emerging as a significant technological innovation alongside artificial intelligence, with substantial market potential projected for the future [1][3]. Quantum Computing Industry - Quantum computing stocks have seen remarkable growth, with IonQ shares increasing by 294%, Rigetti Computing by 3,080%, D-Wave Quantum by 8.48%, and Quantum Computing Inc. by 1,260% as of November 3, 2025 [2]. - The economic impact of quantum computing is estimated to reach between $450 billion to $850 billion by 2040, with some forecasts suggesting it could hit $1 trillion by 2035 [3]. - Despite the hype, pure-play quantum computing stocks may not be the best investment strategy due to historical patterns of market corrections following technological bubbles [4][5]. Investment Risks in Quantum Computing - Historical trends indicate that major technological innovations often experience a bubble-bursting event early in their expansion, affecting stocks like IonQ, Rigetti Computing, and D-Wave Quantum [6]. - There is a lack of widespread commercialization and evidence of profitability among quantum computing companies, which may hinder their long-term success [7][9]. - These companies are expected to rely on capital raises through dilutive share offerings or convertible bonds, which could negatively impact existing shareholders [10]. Strategic Investment Approach - A more prudent investment strategy involves acquiring shares in a profitable company with established operations that can invest in quantum computing as demand grows, such as Amazon [12][13]. - Amazon's AWS segment, which accounts for about 60% of its operating income, is integrating quantum computing services, providing investors with exposure to this technology while maintaining a strong financial foundation [14][15][18]. - Amazon's stock is currently trading at a historically low multiple of 13 times forward-year cash flow, making it an attractive investment option compared to the high-risk pure-play quantum stocks [20][21].

吴泳铭认为，AI发展将经历智能涌现、通用人工智能（AGI）和"超级人工智能（ASI）"三个阶段。而AI革命带来的超大规模计算需求，需要超大规模基础 设施和全栈技术积累，只有超级AI云才能够承载正在催生下一代计算机：超级AI云。 阿里巴巴集团CEO吴泳铭 不再谈电商，也不再谈数字经济，在官方背景的行业大会上，阿里巴巴再次释放了对AI的理解与决心。 11月7日上午，2025年世界互联网大会乌镇峰会开幕式上，阿里巴巴集团CEO吴泳铭出席并发表演讲。 为此，阿里云的定位是全栈人工智能服务商，提供世界领先的智能能力和遍布全球的AI云计算网络，向全球各地提供开发者友好的AI服务。这意味着，阿 里云不再只是提供计算资源，而要贯通"模型训练、推理、部署、优化"全链条。 在吴泳铭看来，我们现在正处在人工智能发展的第二阶段的开端。也就是说，AGI已经不是未来，而已经到来了。而这个表现则是："当我们向AI提出需 求，AI Agent现在已经能够完成非常多的数字世界的工作，并通过接口连接真实世界，操作部分物理设备。这个阶段AI的特征是'辅助人'。" 在过去两年，中国AI竞争的叙事几乎被AI模型和AI应用革命主导，而在模型和应用层竞争 ...

【环球网科技报道 记者 李文瑶】11月7日上午，2025年世界互联网大会乌镇峰会开幕。阿里巴巴集团 CEO吴泳铭在开幕式上致辞，他表示，AI技术向"通用人工智能（AGI）"加速演进，最终将实现"超级 人工智能（ASI）"。面向这场智能化革命，阿里巴巴正在加大投入打造超级AI云，以全栈AI能力推动 开源开放和技术普惠。目前，阿里旗下"通义千问"是全球最具影响力的开源模型家族，"魔搭"是全国最 大的AI开源社区。 来源：环球网 国务院《关于深入实施"人工智能+"行动的意见》提出，我国到2035年"全面步入智能经济和智能社会发 展新阶段"。吴泳铭认为，"AI对生产力和人类自身的解放将超乎想象"，根据AI发展的进度和速度，他 对实现这个十年目标充满信心。面向这场智能化革命，阿里巴巴正在建设超大规模AI基础设施，加大 投入打造超级AI 云，以全栈技术积累向全球开发者提供领先的AI服务。 吴泳铭说，AI发展将经历三个阶段：第一个阶段是智能涌现，这也是过去几年的主线。AI通过学习海 量人类知识，理解人类意图，逐渐进入真实世界解决问题、创造价值。这个阶段AI的特征是"学习人"。 第二个阶段是通向"通用人工智能（AGI）"，我 ...

Core Insights - Akamai Technologies, Inc. shares increased by 6.92% in after-hours trading to $78.06 following the release of its third-quarter financial results [1] - The company reported a quarterly revenue of $1.055 billion, reflecting a 5% increase from $1.005 billion in the same quarter last year [2] - Non-GAAP net income per diluted share rose 17% year over year to $1.86 [2] Revenue Breakdown - Security segment revenue reached $568 million, showing a 10% year-over-year growth [2] - Cloud Infrastructure Services generated $81 million in revenue, marking a significant 39% growth compared to the previous year [2] Margin and New Initiatives - Non-GAAP operating margin improved to 31%, up 2 percentage points from the same period last year [3] - The company launched Akamai Inference Cloud, leveraging NVIDIA AI infrastructure for secure, low-latency AI performance at the edge [3] Future Guidance - Akamai projects fourth-quarter revenue between $1.065 billion and $1.085 billion, with non-GAAP operating margins expected to range from 28% to 30% [4] Stock Performance - Year-to-date, Akamai shares have decreased by 23.50% [5] - The stock has traded between $67.60 and $104.99 over the past year, with a current market capitalization of $10.47 billion [5]

记者丨柳宁馨 孙燕 编辑丨陈洁 视频 丨 杨浩凯 11月7日，2025年世界互联网大会乌镇峰会在浙江乌镇开幕，本届乌镇峰会以"共筑开放合 作、安全普惠的数智未来——携手构建网络空间命运共同体"为主题。 刘强东：京东将建全球首个全无人配送站 京东集团创始人、董事局主席刘强东在主题演讲中表示，社会化物流成本太高之后，会导致 国家社会资源的浪费，环境、企业利润，被大量低效的物流蚕食掉。 "大家想一想，假如我们能把整个中国的社会化物流成本占比能够降到只有6%，意味着按照去 年的数字，整个企业一年能增加数万亿的净利润，企业利润的增多会带来更多技术的进步。 企业之间会比拼、争抢人才，会让员工得到更好的收入和待遇。有了更好的收入待遇，那么 消费信心、整个经济就会进入一种正向的循环。"刘强东说。 刘强东认为，随着人工智能和机器人时代到来，他会对中国社会化物流成本的下降趋势表 示非常乐观，"我认为五年之内，整个中国的社会化物流成本与GDP的比率应该能够降到 10%以内，也就是未来5年的进步，可能会超过过去10年的进步，甚至15年的进步。" 据刘强东介绍，京东在北京建的分拣中心，基本上已经把过去90%人力干的活全部用机器人替 代 ...

在他看来，第三个阶段是实现超级人工智能，AI将连接真实世界的海量原始数据，具备自主学习、自我迭代的能力。这个阶段 的AI将超越人类。 "从智能涌现到通用人工智能再到超级人工智能，这是一场影响深远的计算革命，正在催生下一代的计算机、超级AI云。超大规 模的计算需求需要超大规模基础设施和全栈技术积累，只有超级AI云才能够承载海量的需求。"吴泳铭指出，在这个崭新的时 代，阿里云的定位是全栈人工智能服务商，提供世界领先的智能能力和遍布全球的AI云计算网络，向全球各地提供开发者友好 AI服务。 他指出，智能涌现是过去几年的主线。AI通过学习人类的海量知识，理解人类的意图，逐渐进入真实世界，解决真实问题，创 造价值。这个阶段AI的特征是学习人。 "第二个阶段是通用人工智能AGI，我们现在正处在这个阶段的开端。"吴泳铭指出，当人类当向AI提出需求，AI agent现在已经 能够完成数字世界的很多工作，并通过接口连接真实世界、操作部分物理设备，这个阶段的特征是辅助人。 21世纪经济报道记者孙燕 乌镇报道 "阿里巴巴正在建设超大规模AI基础设施，加大投入打造超级AI云，以全栈技术积累向全球开发者提供领先的AI服务。"11月7 ...

Core Insights - JPX Market Innovation & Research (JPXI) is advancing towards Japan Exchange Group's (JPX) goal of becoming a global finance and information platform, supported by Amazon Web Services (AWS) [1][9] - The development of J-WS, JPX's common infrastructure platform on AWS, aims to enhance operational quality and functionality for JPX Group's data and digital services [2][3] Infrastructure and System Migration - JPXI is migrating the Timely Disclosure Network (TDnet) to J-WS to improve system stability, resilience, and cybersecurity [3][4] - The migration will utilize a multi-layered redundant configuration, enhancing resilience against large-scale disruptions [4] Collaboration and Technological Advancements - JPXI is collaborating with Fujitsu Limited to upgrade TDnet's infrastructure, focusing on performance and processing capacity for disclosure materials [4][5] - A new service using AWS's generative AI is being developed to assist listed companies in preparing disclosure documents [5] Future Plans and Ecosystem Development - JPXI plans to create a dedicated platform for secure connections between JPX's exchanges and listed companies, facilitating information management [5][6] - The aim is to build an ecosystem for collaboration among financial institutions, information vendors, and startups using a common data infrastructure [6] Project Delivery and Data Services - JPXI has rapidly delivered key projects like the Carbon Credit Market System and J-LAKE, an integrated data services platform [7] - J-LAKE consolidates market and alternative data, enabling advanced analysis through AI and machine learning [7] Market Vision and Leadership - JPX's long-term vision 'Target 2030' aims to enhance the appeal of Japan's financial and capital markets [8] - Collaboration with AWS is expected to drive innovation in data and digital initiatives, making Japan's capital markets more efficient and transparent [9]

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh. ...