2026 年 3 月 18 日 星期三 昨晚美股上升。道琼斯工业指数收报 46,993 点，上升 0.1%。恒指夜期收报 25,891 点，高水 22 点。料今天港股大市上 升。 宏观动态： 美国 2 月待售房屋签约量按月上升 1.8%，变化优于 1 月的-1.0%，以及市场预测的-0.5%。 ➢ 每日大市点评 昨日港股大市高开，但是其后涨幅收窄。恒生指数及国企指数分别收报 25,868.54 点及 8,826.73 点，分别上升 0.1%及 0.1%。港股成交合共 2,683 亿港元，与前日的 2,645 亿港元持平，或反映投资者观望情绪。分类指数方面，地产建筑、非 必需性消费、金融业指数分别上升 0.7%、0.7%、0.6%；能源、资讯科技、原材料则分别下跌 1.6%、1.2%、1.2%。蓝筹个 股方面，吉利汽车(175 HK)及龙湖集团(960 HK)领涨，分别上升 4.6%及 4.4%；宁德时代(3750 HK)及中国宏桥(1378 HK) 领跌，分别下跌 3.3%及 3.3%。 早前特朗普表示，已向中国提出将原定 3 月底的访华行程推迟约一个月。市场或理解美以伊战或将于 4 月底或之前结束， 从而有 ...

Core Insights - Uber is expanding its partnership with Nvidia to launch a fleet of robotaxis powered by Nvidia's software, with plans to start in Los Angeles and San Francisco in the first half of next year [1][2][4] - The initiative aims to grow to 28 cities globally by 2028, an increase from the previous target of 15 markets by the end of 2026 [5] - Nvidia's Drive Hyperion platform will be utilized for the robotaxis, which also integrates AI technology [4][6] Company Developments - Uber's stock rose over 3% following the announcement of the Nvidia partnership, reflecting positive investor sentiment [4] - The company has recently formed additional partnerships with Zoox, Hyundai's Motional, Nissan, and Wayve to enhance its robotaxi offerings [6][7] - Uber's strategy focuses on collaborating with various autonomous vehicle developers to strengthen its market position [7][8] Market Context - The announcement comes amid increasing competition in the robotaxi space, particularly from companies like Waymo and Tesla [7] - Analysts suggest that Uber and Lyft's diversified partnerships with AV suppliers may provide a competitive edge in the evolving market [8]

Core Viewpoint - Nvidia expands its autonomous driving business partnerships to include Hyundai, Nissan, Isuzu, and Chinese companies BYD and Geely, focusing on the "Drive Hyperion" platform for L4 level autonomous driving capabilities [1] Group 1 - Nvidia's "Drive Hyperion" platform supports the development and deployment of L4 level assisted driving and autonomous driving functions [1] - The system enables fully autonomous driving in predefined areas or conditions without human intervention [1]

Core Insights - Nvidia announced an expansion of its autonomous vehicle development partnerships with Hyundai, Nissan, Isuzu, and Chinese automakers BYD and Geely [1] Group 1 - The new collaboration focuses on Nvidia's "Drive Hyperion" autonomous driving platform [1] - The system enables companies to develop and deploy Level 4 (L4) driver assistance and autonomous driving features [1] - These features allow for fully autonomous driving in predefined areas or conditions without human intervention [1]

Core Insights - Nvidia is expanding its partnerships for autonomous vehicle development, adding Hyundai, Nissan, Isuzu, BYD, and Geely to its roster [1][2] - The partnerships focus on Nvidia's "Drive Hyperion" platform, which supports the development of Level 4 autonomous vehicles capable of driving without human intervention [2][3] - Nvidia's CEO highlighted the significance of the moment for self-driving technology, indicating a shift towards more viable autonomous driving solutions [3] Company Developments - Drive Hyperion is part of Nvidia's comprehensive AV platform, which includes data center training, large-scale simulations, and in-vehicle computing [4] - Current customers for Drive Hyperion include companies like Aurora, Nuro, Sony, Uber, Stellantis, and Lucid Group, indicating a diverse client base [5] - The automotive sector is crucial for Nvidia as it seeks growth opportunities beyond artificial intelligence [5] Industry Trends - The proliferation of AI is seen as essential for the growth of autonomous vehicles, which are projected to become a multitrillion-dollar industry [6] - Nvidia's new partnerships reflect a broader trend in the automotive and technology sectors to capitalize on the potential of autonomous vehicles after previous challenges in the robotaxi market [6]

Core Insights - The autonomous ride-hailing market is projected to become a $10 trillion industry, significantly lowering travel costs for consumers, according to Ark Investment Management's 2025 report [1] Company Analysis - Uber has a competitive edge in the autonomous ride-hailing market due to its established digital infrastructure, user-friendly platform, and extensive network, which is crucial for timely ride provision [4][5] - Uber's platform is utilized by 189 million users monthly as of September 30, showcasing its scale and user adoption compared to Tesla, which is still developing its platform [5] - Uber has partnered with over 20 companies in the autonomous vehicle sector, including Alphabet's Waymo and Stellantis, which is building 5,000 robotaxis for Uber's network [6][7] - Uber's revenue grew by 17% in the first three quarters of 2025, while Tesla's revenue declined by 3%, highlighting Uber's stronger performance in the current market [9] - Uber's price-to-sales (P/S) ratio is 3.6, significantly lower than Tesla's 16.1, indicating a more attractive valuation for investors [9] - The transition to autonomous ride-hailing could drastically reduce Uber's labor costs, enhancing its profitability as more gross bookings convert into revenue [12][13] Market Position - Uber's extensive network allows it to benefit from various autonomous vehicle designs, positioning it favorably against competitors like Tesla, which faces greater challenges in establishing a comparable infrastructure [8] - The financial implications of autonomous ride-hailing could lead to explosive growth for Uber, making it a compelling investment opportunity compared to Tesla [13]

Market Overview - On October 29, U.S. stock indices rose across the board, with the Dow Jones Industrial Average increasing by 0.52% and briefly surpassing 48,000 points for the first time [1] - The S&P 500 index rose by 0.25%, while the Nasdaq increased by 0.61% [1] Federal Reserve and Interest Rates - The Federal Reserve began a two-day meeting on October 28, with expectations of a potential rate cut due to weak employment data [3] - Nick Timiraos noted that the FOMC meeting is different from previous ones, with a split among committee members regarding the necessity of further rate cuts [3] - The Bank of Canada lowered its policy rate by 25 basis points to 2.25% amid rising consumer prices and a weak economy [3] Trade Developments - President Trump announced that the U.S. and South Korea are close to finalizing a new trade agreement, emphasizing the importance of their economic partnership [4] - Trump highlighted ongoing cooperation in manufacturing and supply chains, particularly in shipbuilding and advanced technology sectors [4] Nvidia's Business Growth - Nvidia's CEO Jensen Huang reported significant business growth, with 6 million Blackwell GPUs shipped and a cumulative order of $500 billion through 2026 [6] - The demand for AI computing power is experiencing "double exponential growth," prompting Nvidia to launch the Grace Blackwell platform, which offers a tenfold performance increase and a tenfold reduction in token generation costs [7] Strategic Partnerships and Innovations - Nvidia announced a strategic partnership with Nokia to launch the "Nvidia Aerial RAN Computer Arc," aimed at ensuring U.S. leadership in the 6G era [7] - The company also introduced the "Drive Hyperion" autonomous driving platform, which has been adopted by Mercedes-Benz for enhanced safety and perception capabilities [7] Chinese Stocks Performance - Most Chinese stocks saw gains, with notable increases including a 21% rise for Canadian Solar and over 4% for Futu Holdings [8] - Alibaba rose nearly 2%, while other companies like iQIYI and Bilibili also experienced modest increases [8]

Core Viewpoint - The article highlights significant movements in the U.S. stock market, particularly the Dow Jones Industrial Average reaching a historic milestone of 48,000 points, alongside insights into monetary policy changes from the Federal Reserve and developments in major companies like NVIDIA and trade relations between the U.S. and South Korea [2][5][8]. Market Performance - On October 29, U.S. stock indices saw an overall increase, with the Dow Jones up by 0.52%, marking its first time surpassing 48,000 points [2][3]. - The S&P 500 index rose by 0.25%, while the Nasdaq increased by 0.61% [2]. Federal Reserve Insights - The Federal Reserve began a two-day meeting on October 28, with expectations of a potential interest rate cut due to weak employment data [5]. - There is a noted division within the Federal Open Market Committee (FOMC) regarding the necessity of further rate cuts, with some members advocating for continued cuts as a risk management strategy [5]. Canadian Central Bank Decision - The Bank of Canada lowered its policy rate by 25 basis points to 2.25% in response to rising consumer prices and a weak economy [6]. - The Canadian consumer price index rose by 2.4% year-on-year in September, influenced by increases in food, daily goods, and rent [6]. Trade Developments - U.S. President Trump announced that the U.S. and South Korea are close to finalizing a new trade agreement, emphasizing the importance of their economic partnership [6][7]. - The collaboration between the U.S. and South Korea is expected to enhance industrial cooperation, particularly in manufacturing and shipbuilding [6][7]. NVIDIA's Business Growth - NVIDIA's stock surged nearly 4%, reaching a market capitalization of $5.07 trillion, making it the first company to exceed this valuation [8]. - CEO Jensen Huang reported that NVIDIA has shipped 6 million Blackwell GPUs and secured $500 billion in orders through 2026, significantly surpassing previous generation orders [8][10]. - The company introduced the Grace Blackwell platform, which offers a tenfold performance increase and a tenfold reduction in token generation costs compared to the previous generation [10]. Popular Chinese Stocks - Several Chinese stocks saw gains, with notable increases including a 21% rise for Canadian Solar and over 4% for Futu Holdings [11]. - Alibaba rose nearly 2%, while other companies like iQIYI and Baidu also experienced modest increases [11].

Core Insights - Nvidia's CEO Jensen Huang emphasized the company's commitment to investing in AI infrastructure to maintain the U.S. leadership in technology, showcasing breakthroughs in multiple fields including 6G communication, quantum computing, AI factories, and robotics [2] 6G Communication - Nvidia announced a strategic partnership with Nokia to launch a new product line called "Nvidia Aerial RAN Computer Arc," aimed at ensuring U.S. dominance in the 6G era. This product integrates Blackwell GPU, ConnectX networking, and Aerial CUDA-X libraries, enabling software-defined and programmable wireless communication with AI processing capabilities [4] Quantum Computing - The introduction of NVQ Link interconnect architecture aims to create a collaborative framework between quantum computers and GPU supercomputers, facilitating quantum error correction and AI calibration. The architecture supports scalable quantum computing from hundreds to potentially hundreds of thousands of qubits, with 17 quantum computing companies and 8 U.S. Department of Energy labs participating in the ecosystem [6] AI Technology - Huang defined the concept of "AI factories," which focus on generating "Tokens" for AI applications, emphasizing the shift from traditional software coding to machine learning training using GPUs. Nvidia's Grace Blackwell platform is designed to meet the surging demand for AI computing power, achieving a tenfold performance increase and a tenfold reduction in Token generation costs compared to the previous generation [8][9] Business Growth - Nvidia reported impressive business growth, with 6 million Blackwell GPUs shipped and a cumulative order backlog of $500 billion through 2026, significantly surpassing previous product lifecycles. The company is also accelerating its "Made in America" initiative, with a factory in Arizona fully operational for Blackwell products [11] Ecosystem Collaboration - Nvidia is positioning itself as the largest contributor to open-source models, with 23 models leading the industry. The company is also deepening cross-industry collaborations, including partnerships with CrowdStrike for AI security, Palantir for data processing, and various robotics firms to enhance digital twin training and physical AI applications [13]

Core Viewpoint - Nvidia's CEO Jensen Huang emphasized the company's commitment to investing in AI infrastructure to maintain the United States' technological leadership, showcasing breakthroughs in multiple fields including 6G communication, quantum computing, AI factories, and robotics [1][12]. Group 1: 6G Communication - Nvidia announced a strategic partnership with Nokia to launch the "Nvidia Aerial RAN Computer Arc," aimed at ensuring the U.S. position in the 6G era. This product integrates Blackwell GPU, ConnectX networking, and Aerial CUDA-X library, enabling software-defined, programmable wireless communication and AI processing capabilities [3][2]. Group 2: Quantum Computing - The introduction of the NVQ Link interconnect architecture marks a significant advancement in quantum computing, allowing deep integration between quantum computers and GPU supercomputers. This architecture supports precise control and calibration of quantum processors and enables hybrid simulations, with scalability from hundreds to potentially hundreds of thousands of qubits [5][4]. Group 3: AI Technology - Huang defined the concept of "AI factories," which focus on generating "Tokens" for AI applications, highlighting a shift from traditional computing methods to machine learning and GPU-based training. The demand for AI computing power is experiencing "double exponential growth," prompting Nvidia to optimize its Grace Blackwell platform, achieving a tenfold performance increase and a tenfold reduction in Token generation costs compared to the previous generation [7][6]. Group 4: Business Growth - Nvidia reported impressive business growth, with 6 million Blackwell GPUs shipped and a cumulative order backlog of $500 billion through 2026, significantly surpassing previous product lifecycles. The company is also accelerating its "Made in America" strategy, with a factory in Arizona fully operational for Blackwell products [9][8]. Group 5: Ecosystem Collaboration - Nvidia is positioning itself as the largest contributor to open-source models, with 23 models leading the industry in downloads. The company is also deepening cross-industry collaborations, including partnerships in cybersecurity, data processing, and robotics, to enhance AI applications and infrastructure [11][10].