智通财经APP获悉，大摩近日发布苹果(AAPL.US)第一季度财报前瞻报告，该行认为，短期内苹果基本 面或承压，因而持谨慎态度，但下半财年催化因素密集，因而仍维持"增持"评级，目标价315美元。 iPhone17需求持续强劲，意味着苹果营收有望超出预期/上调指引，但内存成本压力及市场对运营支出 (opex)的模型误判，可能限制每股收益(EPS)的正向修正空间，使得该股在财报发布期间难以获得买盘支 撑，尽管其估值具备吸引力，且下半年催化密集。 大摩预计苹果在周四财报发布后股价将横盘震荡或小幅下跌，市场仍未充分认可iPhone17的强劲表现 (该行对12月/3月季度iPhone营收的预测比市场共识高出4%-8%)，此时也有几个因素需要考虑：一方 面，市场对3月季度运营支出的预测比大摩低了7%，该行对3月季度毛利率的预测比市场低30个基点， 这即便在营收超预期的情况下，也可能限制EPS的正向修正。此外，鉴于内存成本压力持续加剧，而市 场尚未充分纳入这一因素，该行认为市场对6月季度EPS的预测存在下行风险(大摩预测1.62美元vs市场 共识1.71美元)。 同时，iPhone换机周期当前仍处4.7年的高位，叠加iPh ...

苹果公司计划今年重塑Siri，将其转型为公司首款AI聊天机器人。 1月21日，据彭博社援引知情人士透露，苹果计划在6月的全球开发者大会上发布代号为Campos的全新 AI聊天机器人，并于9月正式推出。 新版AI聊天机器人将取代现有界面，用户仍可以通过语音指令"Siri"或按住设备侧键来召唤服务，但功 能将远超当前版本，具备类似ChatGPT或谷歌Gemini的对话式交互能力。 分析认为，该AI聊天机器人将是苹果AI市场翻身计划的核心。苹果2024年推出的Apple Intelligence平台 表现不佳，功能乏善可陈且推出缓慢。 受AI聊天机器人消息刺激，苹果股价一度上涨近2%，随后涨幅收窄。为该项目提供底层技术的谷歌母 公司Alphabet股价则上涨2%。 深度系统集成与功能扩展 据报道，全新AI聊天机器人将成为iOS 27、iPadOS 27（代号Rave）和macOS 27（代号Fizz）的主要新 增功能。 报道援引知情人士透露，苹果内部正将聊天机器人技术作为独立Siri应用进行测试，类似App Store中的 ChatGPT和Gemini，但不计划向用户提供该应用，而是将软件集成到整个操作系统中。 新 ...

苹果公司机器学习与AI战略高级副总裁John Giannandrea在服务七年后即将离职，并将于明年春季离开 公司。Giannandrea此前直接向CEO库克汇报。 Giannandrea任期内，苹果的AI团队被普遍认为未能追赶上竞争对手，例如Apple Intelligence平台表现不 佳，新版Siri发布推迟。 在他离职后，苹果将不再设置接替其高级副总裁的职位，而是选择拆分人工智能团队。AI团队员工将 分别向软件负责人Craig Federighi、首席运营官Sabih Khan和服务业务负责人Eddy Cue汇报。 ...

在纽约，苹果股价一度下跌1.5%，至210.82美元，创下盘中新低。截至周一收盘，该股今年以来已累计 下跌15%。 苹果公司一个月内失去第四位人工智能（AI）研究员，转投竞争对手Meta Platforms Inc．，显示这家 iPhone制造商的AI战略再度遇挫。 知情人士称，苹果公司在多模态AI领域的关键研究员Bowen Zhang已于周五离职，将加入Meta新近成立 的超级智能团队。Zhang曾为苹果基础模型团队（AFM）成员，该团队构建苹果AI平台背后的核心技 术。 此前报道，Meta此前以超过2亿美元的一揽子薪酬挖走该团队的负责人Ruoming Pang。该团队另外两位 研究员Tom Gunter和Mark Lee近期也加入了Meta。AFM团队由位于加州库比蒂诺与纽约的数十名工程师 和研究人员组成。 因这些变动为非公开信息而不愿具名的知情人士表示，为应对来自Meta等公司的挖角，苹果一直在对 AFM团队成员小幅加薪，无论其是否表达过离职意向。尽管如此，相比竞争对手，苹果的薪资水平仍 然相形见绌。 苹果和Meta的发言人均拒绝发表评论。 知情人士称，一些苹果高管把其自主研发的模型视为追赶AI对手的绊 ...

Group 1 - Apple has lost its fourth AI researcher to Meta within a month, with Bowen Zhang leaving to join Meta's newly formed superintelligence team [1] - Meta has successfully recruited key personnel from Apple's AFM team, including team leader Ruoming Pang, who received a compensation package exceeding $200 million [3] - The AFM team, crucial for Apple's AI strategy, is experiencing turmoil due to the loss of key members and uncertainty about its future direction [7] Group 2 - Following the news of personnel losses, Apple's stock price fell by 1.5% to $210.82, marking a 15% decline for the year [5] - Apple is considering shifting from its self-developed models to third-party models like OpenAI's ChatGPT or Anthropic's Claude for its new Siri voice assistant [7][8] - Apple's focus on user privacy and local processing of AI tasks limits its ability to compete with rivals that utilize cloud-based systems with trillions of parameters [9]

Group 1: Google AI Ultra Launch - Google launched Google AI Ultra, an AI suite that integrates advanced models and features with 30TB of cloud storage, priced at $249.99 per month [2] - The suite includes the highest version of the Gemini application, supports video generation with Veo 2, and will soon offer access to the new Deep Think 2.5 Pro reasoning mode [2] - This launch signifies Google's commitment to enhancing AI solutions across various industries and aims to capture a larger market share in the competitive AI landscape [2] Group 2: Elon Musk's Commitment to Tesla - Elon Musk reaffirmed his dedication to remain as Tesla's CEO for the next five years unless he passes away [3] - This statement comes amid rumors that Tesla's board was considering finding a successor due to stock price declines and investor dissatisfaction with Musk's focus on other ventures [3] - The board's chair denied reports of actively seeking a new CEO, which may help stabilize investor confidence [3] Group 3: Apple's AI Model Accessibility - Apple is preparing to allow third-party developers to use its AI models to create software, aiming to boost new application development and enhance device appeal [4] - This initiative is expected to be announced at the upcoming WWDC on June 9, marking a significant step for Apple in the generative AI space [4] - Apple's move comes as a response to its previous AI platform's low usage rates compared to competitors [4] Group 4: Xiaoma Zhixing's Robotaxi Growth - Xiaoma Zhixing reported a 12% year-over-year revenue increase in Q1 2025, totaling $1.398 million, with Robotaxi business revenue soaring by 200% to $1.7 million [5] - Passenger fare revenue also saw a significant increase of 800% year-over-year [5] - The company plans to expand its Robotaxi fleet to 1,000 units by the end of 2025, driven by reduced costs in autonomous driving systems and increased production [5] Group 5: Cathie Wood's Investment in TSMC - Cathie Wood's Ark Invest made a substantial purchase of TSMC ADRs, marking the largest buying scale in nearly a year, indicating a shift from a reduction strategy [6][7] - The Ark Innovation ETF bought 123,587 TSMC ADRs, while the Ark Next Generation Internet ETF increased its holdings by 74,189 ADRs, representing 87% of their holdings as of March 31 [6][7] - This investment trend suggests a positive outlook on TSMC's future, potentially impacting its stock price and the semiconductor industry [6][7]

Group 1 - The rapid development of artificial intelligence (AI) technology is creating widespread opportunities in the market [2] - Keling AI announced the global release of its upgraded Keling 2.0 video and image generation models, which maintain a leading position in dynamic quality and semantic response [3] - AMD plans to expand its AI chip and server production in the U.S. by utilizing TSMC's expanding Arizona factory [3] Group 2 - Apple will analyze user data stored on devices to improve its AI platform while ensuring user privacy by not directly using this data for training [4][7] - Elon Musk stated that a comprehensive and pure general AI solution for full self-driving will soon be available, requiring only cameras and Tesla's AI chips [5] - The price of graphics cards has surged in the secondary market, with some models doubling in price compared to the manufacturer's suggested retail price [5] Group 3 - Analyst Ming-Chi Kuo indicated that U.S. tariff issues may lead to a significant slowdown in business activity expectations in the second half of 2025, potentially resulting in stagnant or declining revenues [6] - Meta Platforms announced it will utilize publicly available content from EU users to train its AI models while ensuring compliance with EU regulations [8][9] - Meta aims to create AI that reflects the diversity and complexity of European communities, incorporating various dialects and cultural nuances [9]

上周五美国股市三大指数个别发展。美国1月份零售销售降幅创近两年以来的最大。美国商务部公布的数据显示， 未经通胀因素调整的零售销售额环比下降0.9%。上周五欧洲三大股市个别发展。上周五恒指及国指均上升，其中国 指升幅较大。科网股领涨恒指。上周五上证综指及深成指均上升，其中深成指升幅较大。从板块来看，AI医疗概念 股集体爆发，云计算、数据要素概念股表现活跃。上周五沪股通北向交易额度余额充足，南向净买入40.43亿港 元；深股通北向交易额度余额充足，南向净卖出36.70亿港元。截至上周末，道指、标普500指数、日经225指数、 恒指、国指、上证综指、深成指的2025年预测市盈率分别为21.1倍、24.9倍、19.5倍、10.8倍、10.1倍、13.6倍、 23.4倍。今天将公布日本第四季度GDP季调后环比折年率初值及日本12月工业生产环比终值。 | 主要经济资料公布 | | | | | | | --- | --- | --- | --- | --- | --- | | 国家/地区 | 经济指标 | 时间 | 市场预期 | 实际值 | 前值 | | 美国 | 零售销售月环比 | 1月 | -0.2% | 0.9% | ...