2022年1月4日-2023年1月5日，纳斯达克跌了整整一年，跌幅高达34%，下跌的核心原因是由于高通胀 美联储加息。 那么，是什么原因导致2023年初美股走出熊市的泥潭的呢？ 第一，美联储加息力度减弱。美联储最关注的指标PCE从6月到达峰值的6.8以来一路下滑，最低跌至10 月的6和12月的5，证明美联储的加息抑制住了通胀，加息最大压力的时候已经结束。 第二，人工智能技术创新的大爆发。2022年11月30日，ChatGPT横空出世，5天用户破百万，2023年1月 用户过亿，2月微软宣布对OpenAI进行上百亿美元的战略投资，并将ChatGPT的整合到其Bing搜索和 Office办公软件中。 加息力度减弱，意味着流动性逐步放松，人工智能技术大爆发，带来的科技巨头资本开支集体扩张，为 市场注入基本面动力，于是，美股连涨3年。 很多小伙伴很好奇：为啥美国巨头应对这次创新，可以如此不计回报率的进行大规模资本开支呢？不能 慢慢来吗？ 摩尔定律是指晶体管数量18-24个月会翻倍，即每年增速50%。但是，从2010年开始，摩尔定律其实已 经不适用了，最新的数据显示，目前算力的增速是每年4.3倍，即半年翻倍，这种加速让科 ...

每经记者｜郑雨航 每经编辑｜段炼 高涵 ① 【三大期指齐涨】道指期货涨0.01%、标普500指数期货涨0.18%、纳指期货涨0.37%。 ② 【出现大规模服务中断，Cloudflare一度跌超5%】Cloudflare盘前一度跌超5%。消息面上，由于Cloudflare出现大规模服务中断，包括Jupiter、Raydium 和Meteora在内的多个主要Solana协议正遭遇用户界面宕机。Cloudflare表示，正在调查控制面板及相关API的问题。Cloudflare盘前跌超5%。 ③ 【Oklo跌超6%】核电股Oklo盘前跌超6%。消息面上，该公司此前宣布推出15亿美元"按市价发行"股票增发计划。 ④ 【华纳兄弟探索公司涨超3.5%】华纳兄弟探索公司盘前涨超3.5%。消息面上，据媒体报道，Netflix正就收购其资产进行独家谈判。 ⑤ 【特斯拉开始在欧洲销售更低价Model 3】特斯拉网站显示，特斯拉开始在欧洲销售其更低价位的Model 3车型。特斯拉标准版Model 3在德国的售价为 37970欧元，在挪威的售价为330056挪威克朗，在瑞典的售价为449990瑞典克朗。 ⑨ 【花旗看涨铜价，预计明年Q ...

在这个快速 变 化的 时代， 人工 智能技术正以前所未有的速度发展，带来了广泛的机会 。 《AI日 报 》致力于挖掘和分析最新的AI概念股公司和市场趋势，为您提供深度的行 业 洞察和 价 值 分析。 A I 快 报 整理 | 美股研究社 该部门包括虚拟世界产品Meta HorizonWorlds以及Quest虚拟现实业务。如此大规模的削减 很可能最早在明年1月半随裁员展开，但最终决定尚未作出。 【 特斯拉涨近2%，美国权威汽车品牌榜单揭晓特斯拉翻身进入前十 】 【Alphabet的AI芯片被誉为"独门秘籍" 或可为其创收近万亿美元】 Alphabet Inc.的投资者日益确信，该公司的芯片业务将成为其未来收入的重要增长引擎。 Alphabet的张量处理单元(TPU)芯片所取得的成功，是其股价在第四季度飙升31%的主要原 因，该涨幅在标普500指数成分股中位列第十。TPU向来被公司内部视为核心优势，加速了其 云计算业务的增长。但市场正日益看好Alphabet可向第三方销售该芯片的前景，从而有望为其 开辟一条新的收入渠道，最终可能价值近万亿美元。 【比尔·盖茨的女儿为星光熠熠的AI公司筹集3000万美元】 Pho ...

报告指，美股连续反弹，工业、信息技术与通讯服务涨幅居前，日常消费、医疗保健与可选消费下跌。 美失业数据无碍本月减息预期，重磅PCE通胀数据公布前，美股涨势消减，芯片指数止步两连涨，但 NVIDIA(NVDA.US);指引向好的Salesforce(CRM.US)涨近4%。中概指数扭转两连跌。微软(MSFT.US)宣 布将从明年7月1日起提高面向商业和政府客户的Office办公软件价格，其中部分企业级套餐涨幅超过 10%。 招银国际发布研报称，中国股市上涨，港股医疗保健、信息科技与工业领涨，原材料、必选消费与电讯 跑输，南向净买入14.8亿港元，药明生物(02269)、小米集团-W(01810)与小鹏汽车-W(09868)净买入最 多，A股半导体、国防军工与机械涨幅居前，消费者服务、日常消费零售与可选消费零售跌幅最大。 ...

2025 年 12 月 5 日 招银国际环球市场 | 市场策略 | 招财日报 每日投资策略 行业及公司点评 全球市场观察 半导体行业 – 宽禁带半导体 – SiC/GaN：驱动新一轮 AI 基础设施升级 我们认为，在碳化硅（SiC）和氮化镓（GaN）的带动下，宽禁带半导体行 业正步入一个全新的、多年持续的增长阶段。汽车电动化依然是核心的长期 驱动力，但更具结构性的新需求前沿正在打开，即 AI 数据中心的电力架构重 构。 行业正从传统 54V 直流供电（DC）加速迈向 800V 高压直流（HVDC）架构， 这一转变对新一代高功率 AI 机架至关重要，而其物理和经济可行性都高度依 赖 SiC 和 GaN 的应用。这一演进正把相关材料的定位，从单纯的"性能增 强器"提升为"关键基础设施组件"，由此形成一个具备高度延续性的投资 主线。我们预计，那些具备规模优势、在 8 英寸晶圆上技术领先、拥有车规 级认证产品管线，并具备系统级解决方案能力的企业，将成为本轮趋势中的 主要受益者。 行业点评 强劲的市场增长。根据 TrendForce 数据，2024 年全球 SiC 功率器件市场规 模约 34 亿美元，同比增长 12%， ...

Group 1: International Macro - The number of initial jobless claims in the U.S. reached the lowest level since September 2022, with a decrease of 27,000 to 191,000, against an estimate of 220,000 and a previous value of 216,000 [7] - Market expectations for a Federal Reserve interest rate cut are rising, with an 87% probability of a cut next week according to the CME FedWatch Tool [7] Group 2: Corporate News - Meta is considering a budget cut of up to 30% for its metaverse division, which includes products like Meta Horizon Worlds and the Quest virtual reality department, with potential layoffs as early as January 2026 [8] - Microsoft announced a global price increase for Office software subscriptions for business and government customers starting July 2026 [9] - Mercuria plans to withdraw over 40,000 tons of copper from Asian warehouses due to anticipated supply shortages, with the current value of this copper estimated at approximately $460 million [9] Group 3: Institutional Insights - The World Gold Council's 2026 outlook report indicates that gold prices may remain volatile due to ongoing geopolitical uncertainties, with potential increases of 15% to 30% under adverse conditions, or declines of 5% to 20% if inflation returns [10] - Goldman Sachs states that the recent rise in copper prices is driven by expectations of future supply tightness rather than current fundamentals, predicting that copper prices will fluctuate between $10,000 and $11,000 per ton until 2026, with a real shortage expected by 2029 [10]

Market Overview - The Dow Jones Industrial Average decreased by 31.96 points, or 0.07%, closing at 47850.94 [2] - The Nasdaq increased by 51.05 points, or 0.22%, closing at 23505.14 [2] - The S&P 500 rose by 7.40 points, or 0.11%, closing at 6857.12 [2] - European markets showed positive movement, with the Euro Stoxx 50 up by 23.52 points (0.41%) and the German DAX up by 188.32 points (0.79%) [2] - Asian markets had mixed results, with the Nikkei 225 rising by 1163.74 points (2.33%) while the KOSPI fell by 7.79 points (-0.19%) [2] Economic Developments - The U.S. initial jobless claims fell by 27,000 to 191,000, marking the lowest level since September 2022, and below the market expectation of 220,000 [4] - The Federal Reserve is expected to lower interest rates by 25 basis points in December, with 82% of economists in a Reuters poll supporting this view [7] - Kevin Hassett, the White House National Economic Council Director, indicated that the Fed should lower rates, aligning with recent statements from Fed officials [6] Corporate News - Meta is reportedly planning to cut its metaverse budget by up to 30%, which may lead to layoffs starting in January [9] - Microsoft announced a price increase for its Office software subscriptions for business and government customers, with some plans seeing a rise of 33% [9] - Apple has announced executive changes, with Jennifer Newstead set to become the new General Counsel in March 2026 [10] Commodity Market - Mercuria plans to withdraw over 40,000 tons of copper from LME warehouses, driven by anticipated supply shortages, with a current value of approximately $460 million [11]

Group 1 - The core point of the news highlights the significant developments in various companies and industries, including the challenges faced by New Oriental and the financial strategies of LeEco [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21][22][23][24]. Group 2 - New Oriental employees expressed grievances about excessive working hours, claiming a "996 single rest" routine, which contradicts their labor contracts [1][2]. - LeEco announced plans to invest 1.8 billion yuan in stock purchases despite having a debt of 238 billion yuan, clarifying that the investment aims to enhance capital operation returns [3][4]. - Xiaomi's president, Lu Weibing, reported that the company's advancements in AI models and applications have exceeded expectations [5]. - The Hong Kong government is providing financial relief to residents affected by a recent fire, including tax reductions and fee waivers [6]. - The new national standard for food delivery platforms aims to address issues like "ghost deliveries" and enhance merchant management [7]. - ByteDance refuted rumors regarding management changes and clarified that there are no new policies regarding employee management [15]. - Apple is set to open its sixth retail store in Beijing, emphasizing sustainable design practices [8]. - Meta has hired a top design executive from Apple, indicating its commitment to advancing in AI consumer devices [9].

Core Viewpoint - Microsoft announced a price increase for its Office software subscriptions aimed at business and government customers, effective July 1, 2026 [1]. Pricing Summary - Microsoft 365 Business Basic will increase from $6 to $7 [2] - Microsoft 365 Business Standard will rise from $12.50 to $14 [2] - Microsoft 365 Business Premium will remain at $22 [2] - Office 365 E1 will stay at $10 [2] - Office 365 E3 will increase from $23 to $26 [2] - Microsoft 365 E3 will rise from $36 to $39 [2] - Microsoft 365 E5 will increase from $57 to $60 [2] - Microsoft 365 F1 will rise from $2.25 to $3 [2] - Microsoft 365 F3 will increase from $8 to $10 [2]

1、 国家主席习近平同法国总统马克龙举行会谈。习近平强调，无论外部环境如何变化，中法两国都应当在彼此核心利益和重大关切问题上相互理解和支 持，维护好中法关系的政治基础。 马克龙表示，法方重视对华关系，坚定奉行一个中国政策，愿持续深化法中全面战略伙伴关系。两国元首就乌克兰危 机交换意见，并共同见证签署核能、农食、教育、生态环境等领域多项合作文件。 2、有媒体报道称，日本首相高市早苗在参议院全体会议上援引《中日联合声明》，表示"理解和尊重"中国政府关于"台湾是中国领土不可分割的一部 分"的立场。 外交部发言人林剑在例行记者会上表示，据核实，有关报道不准确。高市早苗只是用"立场没有变化"来敷衍、搪塞，中方对此绝不接受。 1、 中国贸促会组织中国企业家代表团在华盛顿与美中贸易全国委员会及其会员企业进行交流座谈。来自物流、科技、金融、能源、医疗等行业的中美企 业代表逾80人参加活动。 中国贸促会会长任鸿斌率团出席美国半导体行业协会及会员企业座谈会，就推动中美半导体领域合作、深化多边领域合作、维 护全球产业链供应链稳定畅通等议题深入交流。 2、 商务部召开例行新闻发布会介绍，中国政府依法依规开展稀土相关物项出口管制工作， ...