（责任编辑：贺翀 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 据中信建投消息，Oracle发布财报显示，其云订单暴涨至4550亿美元，较去年同期翻逾四倍。AI客 户对算力基础设施的需求显著增长，推动Oracle云业务和阿里云收入双双上升。中信建投建议关注算力 基础设施产业链，尤其是国内外AI算力市场的强劲需求。此外，中国移动启动空芯光缆招标，表明国 内互联网公司正加速试用新型光缆技术，以满足AI需求。中美将在西班牙讨论经贸问题，商务部对美 芯片反倾销调查也引发关注。 ...

亚马逊云科技持续在中国积极招聘人才。 9月15日，有消息称亚马逊云科技（AWS）大中华区计划裁员，或涉及超20%的员工。对此，亚马逊云 科技发言人表示，报道严重失实，亚马逊云科技持续在中国积极招聘人才。 ...

[Table_ReportDate] 2025 年 09 月 15 日 [Table_Author] 分析师：李时樟 [Table_BaseData] 1) 周度市场回顾。TMT 板块内一级行业上周（9/08-9/12）涨跌 幅为：电子（6.15%）、传媒（4.27%）、计算机（3.37%）、 通信（3.00%），板块整体跑赢沪深 300（1.38%）。TMT 板块 内涨幅靠前的三级子行业分别为印制电路板（13.07%）、数字 芯片设计（11.75%）、其他电子Ⅲ（8.06%），跌幅靠前的三 级子行业分别为教育出版（-0.05%）。 2) 苹果召开秋季新品发布会。9 月 10 日，苹果召开 2025 秋季发 布会，分别推出 iPhone 17 系列手机、Airpods Pro 3 耳机以 及 Apple Watch 系列手表。手机方面：1.iPhone 17 Pro/Pro Max 提供 3 款可选颜色，搭载 A19 Pro 芯片，芯片性能较上一 代高出 40%，引入 VC 液冷式均热板散热系统，确保高性能运 行时的稳定性，3 颗后置摄像头集体采用 4800 万像素，可实 现 8 倍光学变焦和 40 倍数码变 ...

Accenture (NYSE: ACN) announced pivotal developments that underscore its commitment to product development across Latin America and other regions along with ensuring adequate security across its solutions.Recently, Accenture partnered with Google Cloud to transform Brazil’s energy landscape alongside Eneva, a private natural gas operator.This month, Accenture also acquired Toronto-based IAMConcepts, a specialist in identity and access management (IAM), to strengthen its cybersecurity offerings in Canada.The ...

These companies already are delivering solid growth, but more is on the horizon.The "Magnificent Seven" stocks, which drove indexes higher over the past couple of years, continued that job in recent months. And for good reason. Most of these tech giants are playing key roles in the high-growth industry of artificial intelligence (AI), a market forecast to reach into the trillions of dollars by the early 2030s. Investors, wanting to benefit from this growth, have piled into these current and potential AI win ...

Core Viewpoint - Oracle's revenue forecast has significantly increased due to a surge in cloud bookings, positioning the company favorably in the AI infrastructure market [1][4]. Group 1: Stock Performance - Oracle's stock surged nearly 40% in a single trading day, marking an unprecedented increase for a company of its size [2][3]. - The valuation of Oracle has dramatically changed, reflecting the market's positive response to its revenue outlook [3]. Group 2: Competitive Positioning - Oracle's strategy involves substantial investments in infrastructure, which were initially met with skepticism but have proven effective under Larry Ellison's leadership [6][15]. - The company has developed a unique architecture that differentiates it from competitors in the cloud space [6][10]. Group 3: Major Contracts - A reported contract with OpenAI involves $300 billion in computing power over five years, indicating Oracle's growing significance in the cloud market [7][8]. - This contract is part of a broader initiative, the Stargate project, which aims to secure Oracle's position among top cloud providers [8][14]. Group 4: Margin and Cash Flow Outlook - Oracle's cloud business is expected to have a net operating margin of around 35%, which is competitive but not industry-leading [10][11]. - The cash flow generated from the substantial backlog is anticipated to be significant, although clarity on margin profiles is still developing [12][13]. Group 5: Leadership Impact - Larry Ellison's leadership is credited as a crucial factor in Oracle's current success, leveraging his influence to drive strategic decisions [15][16]. - His vision for Oracle to become a top hyperscaler in the cloud market has shifted perceptions about the company's potential [16].

Core Insights - Amazon has shown consistent performance in 2025, with ongoing discussions about the impact of artificial intelligence on its financials [1] - The company is focusing on its most profitable segments, which, along with effective cost management, positions it for healthy earnings growth [2] Financial Performance - In Q2, Amazon's net sales increased by 13% year-over-year to $167.7 billion, while operating income rose by 31% to $19.2 billion [4] - AWS revenue grew by 17.5% to $30.9 billion, and advertising services increased by 23% to $15.7 billion, both exceeding overall growth and contributing higher margins [4][5] - The earnings per share improved to $6.55 from $4.18 year-over-year, reflecting enhanced earnings power [5] Business Segments - AWS accounted for approximately 18% of total revenue, while advertising services made up over 9%, indicating a shift towards higher-margin business areas [5] - AWS has an operating margin of about 37%, significantly higher than the overall company's margin of around 11% [6] Future Guidance - For Q3, Amazon anticipates revenue between $174 billion and $179.5 billion, representing a year-over-year increase of 10% to 13%, with operating income projected between $15.5 billion and $20.5 billion [7] - The guidance suggests improved operational efficiency compared to two years ago, supporting steady revenue and earnings growth [7][8]

The company's focus on cloud and AI has unlocked unprecedented growth.The advent of modern cloud computing is largely attributed to Amazon, which pioneered cloud infrastructure services with the introduction of Amazon Web Services (AWS) in 2002. The industry has evolved over time, but the basics remain the same: Providers offer on-demand, scalable computing, software, data storage, and networking capabilities to any business with an internet connection.After a period of slower growth, the cloud infrastructu ...

Without Broadcom and Oracle, the "Magnificent Seven" is no longer a good representation of the market's leading growth stocks.Broadcom (AVGO 0.19%) and Oracle (ORCL -5.09%) just delivered exceptional earnings reports and guidance that sent both tech stocks to all-time highs. Over the last five years, Broadcom is up over 925% and Oracle is up over 475% -- outperforming every "Magnificent Seven" stock (Microsoft, Apple, Alphabet, Amazon, Meta Platforms, Tesla) except one -- Nvidia.The "Ten Titans" provide an ...

Group 1: Alphabet - Alphabet is trading at a forward P/E ratio of around 22.5 based on 2026 estimates, which is a discount compared to its AI peers despite its diversified business model and strong emerging bets in areas like robotaxis and quantum computing [3] - Concerns that AI would negatively impact Google Search have been alleviated as search revenue growth accelerated last quarter, driven by new AI features that increase user engagement [4][6] - Alphabet maintains a strong distribution edge with Chrome controlling over two-thirds of the browser market and Android powering nearly three-quarters of smartphones, ensuring it remains the default entry point to the internet for billions [5] - The integration of AI into search is enhancing user engagement and monetization, with new features driving incremental queries, particularly with shopping intent, leveraging Alphabet's extensive global ad network [6] - Google Cloud is experiencing significant growth, with revenue soaring 32% last quarter and segment profits more than doubling, positioning Alphabet advantageously in the capacity-constrained cloud computing industry [7] - Overall, Alphabet is considered one of the best megacap tech stocks with substantial potential for further growth at its current valuation [8] Group 2: Taiwan Semiconductor Manufacturing (TSMC) - TSMC is a critical player in the AI space, trading at 23 times 2026 earnings estimates, making it an attractive investment given its role in enabling the AI boom [9] - TSMC dominates the semiconductor industry, manufacturing the majority of advanced semiconductors for leading companies, and has consistently outperformed competitors like Intel and Samsung in terms of yield and scale [10][11] - The demand for AI chips is surging, with Nvidia predicting the AI infrastructure market will reach $3 trillion to $4 trillion in the next five years, and TSMC forecasting a more than 40% CAGR in AI chip demand through 2028 [13] - TSMC's strong pricing power is evident as it plans to raise prices by 10% next year, further solidifying its market position [13] - Beyond AI, TSMC is also poised to benefit from growth in sectors such as autonomous driving, robotics, and quantum computing, making it a top long-term investment in the AI space [14]