在大型科技股中，亚马逊是美银在2026年第一季度的首选股，并着重介绍了该公司的潜在优势。 Post看好亚马逊云服务（AWS）的持续加速增长，以及零售业务的效率提升。华尔街的预测显示， AWS的年增长率将达到 21%。但Post认为，随着亚马逊在2026年拥有更多的云服务能力和更完善的基础 设施，这一数字可能会被超越。 与此同时，亚马逊在自研人工智能芯片Trainium方面也取得了进展，其最新的Trainium3产品提高了效率 和计算能力。Post表示，该芯片的未来版本将与英伟达的技术集成，这可能会使AWS成为用于人工智能 工作负载的最低成本供应商。 在零售业务方面，亚马逊通过广告业务的增长、更高效的库存管理、机器人技术的应用以及减少员工数 量等方式来推动利润率的增长。Post写道，凭借超过100万台的机器人以及更高效的物流中心，亚马逊 的零售利润率预计将从2025年的6.1%增长到2027年的8.3%。 Post强调，亚马逊的零售业务和云业务都使该公司具备成为企业电子商务默认基础设施的能力。他还指 出，由于其Prime服务，亚马逊在美国电子商务市场的份额超过40%。 在人工智能（AI）交易持续火热的背景下，华 ...

在人工智能(AI)交易持续火热的背景下，华尔街已开始挖掘下一批"赢家"。美国银行(Bank of America) 认为，AI交易的下一阶段将取决于自主智能体，而包括亚马逊五只股票可能会引领这一涨势。 尽管有关人工智能产业被过度炒作的言论颇多，但美银认为"市场过热的阶段"仍未来临。该行在最新报 告指出，过去两年，人工智能领域一直以聊天机器人和大型语言模型为核心，而2026 年将成为"自主型 人工智能"的元年，即能够自主执行任务的软件将占据主导地位。 据美银分析师Justin Post称，人工智能行业的繁荣态势要到那些"最引人注目的AI独角兽"(即估值超过 100亿美元的AI初创企业)上市之后才会达到顶峰。这些企业包括 OpenAI、Anthropic和xAI等，外界猜 测它们可能在2026年进行首次公开募股。 而在此之前，投资机会在于那些能够运用具备购物、预订旅行服务以及执行其他操作功能的代理系统的 公司。美银的首选为亚马逊、美国的行动技术公司AppLovin、在线家居商店Wayfair、智游网集团 (Expedia Group)和在线视频游戏平台Roblox，并认为它们是AI代理技术革命的最大受益者。 在大 ...

亚马逊周三宣布重组人工智能相关团队，成立新的业务单元，并任命来自云计算部门AWS的高管Peter DeSantis负责。新组织将整合亚马逊AGI团队、芯片制造部门以及量子计算 研究业务。分析称，此举表明亚马逊希望打造类似ChatGPT那样的前沿、多用途人工智能工具。 作者 | 赵雨荷 编辑 | 硬 AI 亚马逊（Amazon）周三宣布重组其人工智能（AI）项目相关团队，并任命来自公司云计算部门的一位高层负责人，负责一个新成立的业务单元。 亚马逊首席执行官安迪·贾西（Andy Jassy）周三宣布，彼得·德桑蒂斯（Peter DeSantis）将领导这一新团队。 新的组织架构将整合亚马逊的通用人工智能 （Artificial General Intelligence，AGI）团队，该团队负责公司的Nova品牌AI模型以及语音助手Alexa的"数字大脑"，同时还将并入亚马逊的芯片制造部门和 量子计算研究业务。 贾西表示： "我相信，我们的多项新技术正处在一个关键转折的点，这些技术将在未来很大程度上塑造客户体验。" 媒体称，亚马逊云服务（AWS）是全球最大的计算能力和数据存储租赁服务提供商，但在AI开发者领域，AW ...

据市场消息，人工智能（AI）巨头、ChatGPT 开发商OpenAI已与一些投资者就融资事宜进行了初步谈 判，目标是筹集至少数百亿美元资金，融资额最高或达1000亿美元，估值可能冲至7500亿美元。 消息还称，相关讨论仍处于早期阶段，条款、估值和时间安排等细节可能发生变化。 然而，汇丰上个月预计，尽管OpenAI用户基础预计到2030年底将增长到全球成年人口的44%，但公司 仍远远无法实现盈利。 此前一天（周二），有消息称，亚马逊正在与OpenAI洽谈一项投资，初步洽商募资至少100亿美元。而 OpenAI将使用亚马逊旗下亚马逊云服务（AWS）的自研人工智能芯片Trainium。 此次潜在融资凸显出，随着各家企业竞相打造与人类能力相当或超过人类能力的AI系统，AI行业对算 力的需求正持续攀升。而算力堆叠需要庞大的资金投入。 上个月，OpenAI首席执行官奥尔特曼表示，预计公司今年年底的年化收入将超过200亿美元，到2030年 增长至数千亿美元。 7500亿美元的估值将较OpenAI今年10月5000亿美元的估值实现约50%的跃升。 尽管OpenAI尚未实现盈利，却豪掷巨资推进算力基础设施布局，力求成为AI时代 ...

| AMZN 亚马逊 | | O | | --- | --- | --- | | 222.560 + +0.020 +0.01% | | 收盘价 12/16 16:00 美东 | | 225.100 + 2.540 +1.14% | | 盘前价 12/17 04:24 美东 | | 一 1 24 4 5 | | ● 快捷交易 | | 最高价 223.660 | 开盘价 223.035 | 成交量 3929.89万 | | 最低价 221.130 | 昨收价 222.540 | 成交额 87.48亿 | | 平均价 222.603 | 市盈率 TM 31.43 | 总市值 2.38万亿(…) | | 振 幅 1.14% | 市盈率(静) 40.24 | 总股本 106.9亿 | | 换手率 0.41% | 市净率 6.436 | 流通值 2.16万亿 | | 52周最高 258.600 委 比 -87.74% | | 流通股 97.02亿 | | 52周最低 161.380 量 比 1.10 | | 色 手 1股 | | 历史最高 258.600 股息TIM -- | | | | 历史最低 0.066 股息率T ...

按一下此處編輯母版標題樣式 文件名 产品及投资方案部 ｜2025年12月8日 每周投资策略 中信証券財富管理 (香港) CITIC Securities Wealth Management (HK) 投资策略 每周投资策略 上周环球 大类资产表现 (1) 美国市场焦点 预计美联储 本周再次降息 股票 "AI 泡沫"的中短期走向； Alphabet；亚马逊 ETF Invesco纳斯达克100 指数ETF (2) 澳大利亚市场焦点 通胀持续高企 令降息预期落空 股票 推荐原材料和红利板块； Northern Star； Woodside (3) 印度尼西亚 市场焦点 通胀缓解提供降息依据 股票 2026年谨慎乐观； 中亚银行 ；Telkom ETF VanEck印度尼西亚 指数ETF 资料来源：中信证券财富管理 (香港) 1 本周主要地区 经济数据公布日程 上周环球 股市表现 美国降息预期稳固，全球股市普遍向好 资料来源：彭博、中信证券财富管理 (香港) 注：截至2025年12月5日 3 上周环球 债市表现 美债收益率曲线熊市走陡 日本央行发表鹰派言论，日本国债遭抛售 | | | | | 上周环球债市表现 | ...

Core Insights - Amazon plans to invest up to $50 billion to enhance its capabilities in providing artificial intelligence and high-performance computing services to U.S. government agencies [1] - AWS will begin construction next year on new data centers with a total capacity of 1.3 GW specifically for federal agencies [1] - AWS supports over 11,000 U.S. government agencies and operates in more than 900 data centers [2] Investment and Infrastructure - The investment will allow agencies to develop customized AI solutions, optimize datasets, and improve employee productivity [2] - This initiative follows similar announcements from Anthropic and Meta regarding the expansion of AI data centers in the U.S. [2] - Oracle, OpenAI, and SoftBank announced a joint venture in January to invest up to $500 billion in AI infrastructure over the next four years [2] Market Context - Tech companies are investing billions to accelerate the construction of facilities to ensure sufficient operational capacity for AI services [2] - Amazon raised its capital expenditure forecast for this year, now expecting $125 billion in capital spending by 2025, up from a previous estimate of $118 billion [2]

Core Viewpoint - Amazon's recent layoff plan of 14,000 employees is aimed at streamlining operations and accelerating AI deployment, marking the largest adjustment since the 27,000 layoffs at the end of 2022, which represents 4% of its global workforce of 350,000 excluding warehouse workers [4][6] Summary by Relevant Sections Layoff Details - The layoffs affect various strategic departments including Human Resources, Logistics, Payments, Video Games, Operations, Devices and Services, and Amazon Web Services (AWS) [4] - This move is part of a broader trend where automation is expected to replace over 500,000 jobs, achieving 75% operational automation [4][10] CEO's Statement - CEO Andy Jassy denies that the layoffs are financially motivated or directly related to AI, emphasizing the importance of maintaining a streamlined and efficient organizational structure [6][10] - Jassy has highlighted the need for AI to take on more tasks, indicating that job reductions will occur in roles involving automation and repetitive tasks [10] Competitive Landscape - Despite Amazon's dominance in e-commerce and cloud computing, it is perceived to be lagging in the AI race compared to competitors like Microsoft and Google, with AWS revenue growth at 17.5% compared to Azure's 39% and Google Cloud's 32% [7] - The layoffs are seen as a strategy to reduce costs and reinvest in AI infrastructure to strengthen Amazon's competitive position in the cloud services market [7][9] Historical Context - Since 2021, Amazon has been focused on cost reduction and efficiency, with Jassy aiming to reposition the company as "the largest startup in the world" [9] - Prior to this, Amazon preferred voluntary departures, but when that did not meet targets, formal layoffs became necessary [9] Future Outlook - Amazon plans to hire 250,000 seasonal employees for its logistics network, indicating that while it is reducing middle management, it still requires a workforce for its operational needs [15][21] - The company is investing over $4 billion to double its delivery network by 2026, focusing on small towns and rural areas [15] Automation and Technology - Amazon has developed over 1,000 generative AI services and applications, with ongoing efforts to enhance automation in its operations [10] - The company has become a leader in warehouse automation since acquiring Kiva Systems in 2012, but acknowledges that achieving full end-to-end automation will take at least another decade [16][18] Industry Trends - The trend of layoffs across the tech industry, including companies like Intel, Google, and IBM, reflects a broader shift towards automation and AI integration [11][13][14] - The impact of AI on job roles varies, with execution roles facing the most significant reductions, while decision-making roles remain relatively secure [24][26]

Group 1 - Amazon has announced a layoff plan affecting 14,000 employees, representing 4% of its global corporate workforce, following a previous layoff of 27,000 employees at the end of 2022 [5][9] - The layoffs are strategically targeted at departments such as human resources, logistics, payments, gaming, operations, devices and services, and Amazon Web Services (AWS) [5] - Amazon's CEO Andy Jassy stated that the layoffs are not primarily due to financial reasons or directly related to AI, but rather to maintain a streamlined and efficient organizational structure [8] Group 2 - Amazon is perceived to be lagging in the AI competition, with AWS revenue reaching $30.9 billion in Q2, a 17.5% year-over-year increase, which is significantly lower than competitors like Microsoft Azure and Google Cloud [9] - The company aims to convert saved labor costs into investments in AI infrastructure to strengthen its competitive position in the cloud services market [9][11] - Since 2021, Amazon has focused on cost reduction and efficiency, with Jassy emphasizing a culture of urgency, responsibility, and rapid decision-making [11] Group 3 - The automation trend is evident across various companies, with significant layoffs reported at Intel (21,000 employees, nearly 20%), Google, and IBM, indicating a broader shift towards automation driven by AI [13][15][16] - Amazon's automation efforts could potentially impact millions of jobs in the retail logistics sector, as the company seeks to implement profitable automation methods [16] - Despite the layoffs, Amazon plans to hire 250,000 seasonal employees for its logistics network, indicating that automation is not yet sufficient to handle all operational needs [17] Group 4 - A recent study analyzing 180 million job postings indicates that AI is not the primary cause of large-scale unemployment, with execution roles declining while decision-making roles remain relatively safe [22][24] - Creative roles such as computer graphic artists and photographers have seen significant declines, while management roles show varied impacts based on hierarchy [24][26] - The trend suggests that jobs requiring accountability and decision-making are less likely to be replaced by AI, highlighting a shift in the value of roles within organizations [27][28]

爱尔兰RTE新闻10月20日报道，亚马逊云服务部门AWS周一遭遇中断，导致依赖其云基础设施的多 款热门应用程序和全球许多公司出现连接问题。AWS为企业、政府和个人提供按需计算能力、数据存 储和其他数字服务。此次AWS中断是自去年CrowdStrike故障以来首次发生的重大互联网中断，该故障 导致全球医院、银行和机场的技术系统陷入瘫痪。加密货币交易所Coinbase和交易应用程序 Robinhood、亚马逊购物网站、英国劳埃德银行、苏格兰银行以及电信服务提供商沃达丰和英国电信， 英国税务、支付和海关管理局（HMRC）网站均受到此次中断的影响。 （原标题：亚马逊云服务中断导致许多网站瘫痪） ...