半个互联网又又又断了。 刚刚，Cloudflare 公司遭遇了持续数小时的宕机事故，导致多款热门网站和 AI 服务下线。据报道，此次服务中断持续约五个半小时，OpenAI 的 ChatGPT 和 Sora 均在受影响应用之列，Claude、Shopify 以及美国新泽西州公共交通系统的官网也出现了故障。 神秘流量激增， 导致大范围宕机 据外媒报道，美国东部时间 11 月 18 日凌晨 5 点 20 分左右，Cloudflare 首次发现平台出现异常流量。约一个半小时后，该公司在状态页面更新公告，告知 客户此次宕机事件，服务中断表现为出现错误提示及延迟升高。"Cloudflare 内部服务出现故障。部分服务可能会间歇性受到影响，"Cloudflare 在美国东部 时间早上 7 点前不久发布的公告中表示。 此次宕机还影响了至少另外两项服务。在故障排查过程中，Cloudflare 工程师关闭了伦敦地区的 WARP 虚拟专用网络（VPN）服务。此外，部分用户无法 正常使用该公司的 Cloudflare Access 零信任网络访问（ZTNA）工具。ZTNA 产品的用途与 VPN 类似，但能提供更优的安全性和性能。 美 ...

What would Europe be without a mountain of regulations aimed at curbing free speech and privacy? Attendees at Amazon.com Inc. annual cloud computing conference walk past the Amazon Web Services logo in Las Vegas, Nev., on Nov. 30, 2017. Salvador Rodriguez/Reuters File PhotoThe European Commission (EC) on Monday launched three separate investigations into Amazon and Microsoft to determine whether their cloud computing businesses should be subject to stricter regulation under the EU's Digital Markets Act (DMA ...

Core Insights - Workday has launched the EU Sovereign Cloud, allowing EU-based organizations to utilize its AI-powered HR and finance solutions while ensuring data security and local control [1][3][5] Data Sovereignty and Compliance - Over 80% of business leaders prioritize data sovereignty as a strategic business goal amid new regulations like the EU Data Act and ongoing geopolitical uncertainties [2] - The Workday EU Sovereign Cloud addresses the challenge of adopting AI while maintaining compliance and operational control [2][5] AI Integration and Benefits - The new cloud offering enables faster deployment of AI, leading to measurable outcomes such as reduced manual effort and improved decision-making [4][5] - Workday's AI capabilities are embedded in its platform, enhancing efficiency and innovation for organizations [4][5] Infrastructure and Security - The EU Sovereign Cloud is built on a resilient infrastructure with multiple geographically separated data centers, ensuring continuous operation of critical systems [6] - End-to-end encryption and hardware protections safeguard customer data, while oversight from an EU advisory board enhances compliance and transparency [6][7] Partnership with AWS - Workday's EU Sovereign Cloud leverages AWS's secure cloud infrastructure, benefiting from its scale and proven security to meet high standards of data protection [7][8] - This collaboration allows European organizations to innovate while maintaining control over their data [8] Availability - The Workday EU Sovereign Cloud is set to be available to European customers in 2026, with plans for additional regionally tailored data sovereignty offerings to follow [9]

整理 | 华卫 半个互联网又又又断了。 刚刚，Cloudflare 公司遭遇了持续数小时的宕机事故，导致多款热门网站和 AI 服务下线。据报道， 此次服务中断持续约五个半小时，OpenAI 的 ChatGPT 和 Sora 均在受影响应用之列，Claude、 Shopify 以及美国新泽西州公共交通系统的官网也出现了故障。 神秘流量激增， 导致大范围宕机 据外媒报道，美国东部时间 11 月 18 日凌晨 5 点 20 分左右，Cloudflare 首次发现平台出现异常流 量。约一个半小时后，该公司在状态页面更新公告，告知客户此次宕机事件，服务中断表现为出现错 误提示及延迟升高。"Cloudflare 内部服务出现故障。部分服务可能会间歇性受到影响，"Cloudflare 在美国东部时间早上 7 点前不久发布的公告中表示。 而受此次宕机影响的并非仅有面向网站的 CDN 服务。故障还波及了其应用服务产品套件，该套件为 云端及本地工作负载提供 CDN 功能，同时保护这些工作负载的应用程序接口免受恶意流量攻击。 Cloudflare 在今年 7 月的一篇博客指出，全球约 20% 的网站依赖其管理和保护流量。据 Dow ...

Core Insights - Microsoft, Nvidia, and Anthropic have formed a strategic partnership, creating a tightly-knit "AI Alliance" that binds capital, computing power, and models together [1][4] - The partnership involves significant investments, with Microsoft committing up to $5 billion and Nvidia up to $10 billion in Anthropic [2] - Anthropic's valuation has surged to $350 billion, marking an expansion of "closed-loop" investments in the AI sector [4] Investment and Collaboration Details - Anthropic will purchase $30 billion worth of Azure computing power from Microsoft and has signed contracts for up to 1 gigawatt of additional computing power, all running on Nvidia's AI systems [3][7] - This collaboration represents Nvidia's first deep technical partnership with Anthropic, aimed at optimizing Anthropic's products for performance and efficiency [5][6] - Anthropic's initial commitment includes acquiring up to 1 gigawatt of computing power, utilizing Nvidia's advanced architectures [7][8] Product and Market Strategy - Microsoft and Anthropic are expanding their collaboration to provide broader access to Anthropic's Claude models for enterprise users [9] - Azure AI Foundry customers will have access to Anthropic's Claude models, making Claude the only cutting-edge LLM model available on the three major cloud platforms [10] - Microsoft will continue to integrate Claude into its Copilot product suite, enhancing its offerings alongside OpenAI's models [11][12] Infrastructure and Growth Plans - Founded by former OpenAI employees, Anthropic is accelerating its infrastructure development, planning to invest $50 billion in custom data centers across the U.S. [13] - Anthropic has also secured a deal with Google to supply up to 1 million AI chips, significantly boosting its computing capabilities [13] Market Concerns and Risks - The announcement of this partnership comes amid rising skepticism about the AI investment boom, with Nvidia and Microsoft's stock prices dropping nearly 3% on the day of the announcement [14] - Concerns about a potential "AI bubble" are prevalent, with 45% of fund managers viewing it as a major risk, as the closed-loop investment model raises questions about the sustainability of AI products generating sufficient revenue [17]

Core Viewpoint - The strategic partnership between Microsoft, NVIDIA, and Anthropic represents a significant investment in AI, with concerns about the sustainability of such "closed-loop" financing models in the industry [2][12]. Group 1: Partnership Details - Microsoft commits to invest up to $5 billion in Anthropic, while NVIDIA pledges up to $10 billion, leading to Anthropic's valuation soaring to $350 billion [3][5]. - Anthropic will purchase $30 billion worth of Azure computing power from Microsoft, fully utilizing NVIDIA's AI systems, including the current Grace Blackwell architecture and the upcoming Vera Rubin architecture [5][11]. Group 2: Strategic Implications - The collaboration expands Microsoft's AI offerings, allowing Azure customers access to Anthropic's Claude models, which will be available on major cloud platforms [8][9]. - Despite this new partnership, Microsoft maintains its core relationship with OpenAI, having invested heavily in it since 2019, with OpenAI's valuation reaching $135 billion [9][10]. Group 3: Market Concerns - The announcement of this partnership comes amid rising skepticism about the AI investment boom, with NVIDIA and Microsoft's stock prices dropping nearly 3% on the day of the announcement [13]. - Concerns about a potential AI bubble are prevalent, with 45% of fund managers identifying it as a significant market risk, questioning whether AI products can generate sufficient revenue to justify the massive investments [12][15].

Market Overview - Major U.S. stocks experienced a decline, with the Dow Jones Industrial Average falling by 1.07% to 46,091.74, the S&P 500 decreasing by 0.8% to 6,617.32, and the Nasdaq dropping by 1.21% to 22,432.84 [1] Nvidia Corporation - Nvidia's stock decreased by 2.81%, closing at $181.36, with an intraday high of $184.80 and a low of $179.65, within a 52-week range of $86.63 to $212.19 [1] - Analyst Ruben Roy from Stifel maintained a Buy rating and raised the price target to $250, citing a significant backlog as a potential driver for long-term success [2] - Nvidia is expected to release earnings on Wednesday after the market closes, with expectations to beat third-quarter estimates and provide strong fourth-quarter guidance [2] Home Depot - Home Depot's shares dropped by 6.02%, closing at $336.48, with an intraday high of $348.80 and a low of $336.01, within a 52-week range of $326.31 to $439.37 [3] - The company lowered its full-year profit forecast due to weaker demand and a stalled housing market, indicating cautious consumers and a housing market at 40-year lows in turnover [4] Cloudflare Inc - Cloudflare's stock decreased by 2.83%, ending the day at $196.53, with an intraday high of $200.54 and a low of $187.48, within a 52-week range of $89.42 to $260 [5] - A global outage impacted services, leading to a significant drop in stock value, with major platforms briefly offline and disruption reports reaching nearly 13,000 for Elon Musk's platform X [6] Plug Power Inc - Plug Power's stock rose by 2.64%, closing at $2.14, with an intraday high of $2.29 and a low of $1.99, within a 52-week range of $0.69 to $4.58 [7] - The stock plunged nearly 21% to $1.69 in after-hours trading following the announcement of a $375 million private offering of convertible senior notes due 2033 [8] Amazon - Amazon's shares fell by 4.43%, closing at $222.55, with an intraday high of $230.20 and a low of $222.42, within a 52-week range of $161.43 to $258.6 [8] - The stock was downgraded by Rothschild & Co from Buy to Neutral, maintaining a price target of $250, with concerns over Gen-AI's weaker pricing power and higher capital intensity [9]

Market Overview - The market has experienced a decline for four consecutive days, with increasing uncertainty reflected in the VIX climbing above 23 [1][3] - The MAG 7 companies have a combined market cap exceeding $20 trillion, raising questions about market frothiness [1] Federal Reserve and Economic Data - There was an expectation of a Federal Reserve rate cut in December, but the recent loss of government data has created unprecedented uncertainty [2][10] - The upcoming FOMC minutes are anticipated to provide insights into the Fed's stance, with a shift towards a more hawkish tone noted [10][11] Company Insights Amazon - Amazon reported strong earnings, particularly in AWS, indicating significant growth potential [4][6] - Despite market concerns, there is optimism for Amazon's stock to reach $300 in the upcoming months [6] Nvidia - Nvidia has shown remarkable performance, with a year-to-date increase of over 35%, although some cautionary comments from major investors have emerged [6][8] - Nvidia is viewed as a leader in the AI space, with strong partnerships and a critical role in future computing [7][8] Google - Google is recognized for its innovation and substantial research investments, with a price target suggesting a potential 30-40% upside [12][14] - Warren Buffett's increased stake in Google is seen as a strong endorsement of the company's future prospects [12][14] Tesla - Tesla has a price target of $422, with expectations of reaching $1,000 in the next 3 to 5 years due to anticipated advancements in technology such as robo-taxis [15][17] - The company is expected to disrupt multiple industries with innovations like humanoid robots [17]

Core Insights - Concerns regarding the profitability of AI investments have negatively impacted tech shares, particularly those of Amazon and Microsoft, which have been downgraded to neutral from buy by Rothschild & Co Redburn [2][3][7] Company Analysis - Rothschild & Co Redburn's analyst, Alex Haissl, stated that there is no longer a bullish case for Amazon and Microsoft, leading to a decline in their stock prices by 2.7% and 4.4% respectively [2][4] - The report indicates that generative AI development costs are significantly higher than the revenue it generates, with capital intensity nearly three times that of early cloud computing [5][6] - Amazon's AWS is viewed as better positioned than Microsoft's Azure for capturing value, but both companies need to demonstrate sustained higher growth and reduced build costs to regain a positive outlook [6][8] Industry Context - The AI rally that previously drove market indexes to record highs is losing momentum due to concerns about valuations and comparisons to the dotcom bubble [3][4] - The market is currently pricing in unrealistic returns based on outdated expectations of cloud economics, which are no longer achievable according to the analyst [6][7]

Company Performance - Home Depot's stock fell 6%, marking the worst performance in the S&P 500, after the company missed third-quarter earnings forecasts and lowered its full-year profit outlook due to a lack of storms and economic uncertainty affecting homeowner remodeling projects [4][9]. - Medtronic's stock rose approximately 5% after exceeding analysts' estimates for fiscal second-quarter sales and adjusted profit, driven by strong demand in its end markets [8][10]. Market Overview - Major U.S. equity indexes declined for the second consecutive day, with the S&P 500 dropping 0.8%, the Dow sliding 1.1%, and the Nasdaq losing 1.2%, ahead of several high-profile earnings reports and delayed jobs data [3]. - Concerns regarding high valuations in the artificial intelligence sector negatively impacted tech stocks, with Western Digital and Micron Technology shares falling 5.9% and 5.6%, respectively [5]. Regulatory Developments - Amazon and Microsoft shares decreased by 4.4% and 2.7%, respectively, following the announcement of investigations by European Union regulators into their cloud computing services [6].