Bank of America: Taiwan Semiconductor (TSM.US) shifts capital expenditure to 'front-end heavy' in preparation for 2-nanometer mass production in 2026 and growing demand for AI chips. 富途牛牛
Bank of America: Taiwan Semiconductor (TSM.US) shifts capital expenditure to 'front-end heavy' in preparation for 2-nanometer mass production in 2026 and growing demand for AI chips. 富途牛牛
正准备合并 SpaceX 和 xAI，创造一个 1.25 万亿美元估值的宇宙 AI 巨无霸的马斯克，想不到自己的巨饼，不是所有人都吃得下。 当地时间2026 年 2 月 10 日，xAI 联合创始人 Tony Wu，宣布从马斯克的 AI 公司离职。 这已经是继去年 8 月 Igor Babuschkin 离职后，xAI 失去的第二位联合创始人 。Wu 负责的恰恰是 AI 推理能力——这个被业内认为...
正准备合并 SpaceX 和 xAI，创造一个 1.25 万亿美元估值的宇宙 AI 巨无霸的马斯克，想不到自己的巨饼，不是所有人都吃得下。 当地时间2026 年 2 月 10 日，xAI 联合创始人 Tony Wu，宣布从马斯克的 AI 公司离职。 这已经是继去年 8 月 Igor Babuschkin 离职后，xAI 失去的第二位联合创始人 。Wu 负责的恰恰是 AI 推理能力——这个被业内认为是下一代 AI 系统核心竞争力的关键技术方向。 一家成立才两年多的 AI 公司，连续失去两位联合创始人，这在硅谷并不常见。更关键的是，这发生在 AI 竞争最激烈、人才最稀缺的当下。 创始人纷纷出走，马斯克的AI 野心，还能继续吗？ 01 推理专家走人 Tony Wu 在 xAI 的角色，远比表面看起来重要。 作为负责推理能力的技术负责人，Wu 直接向马斯克汇报。在当前的 AI 发展阶段，推理能力被认为是 GPT-4、Claude 这些大模型与真正「通用人工智能」之间的关键桥梁。 简单来说，Wu 负责的就是让 AI 能够「思考」，而不仅仅是「记忆和模仿」。 这个时候失去 Wu，对 xAI 来说打击是致命的。 Tony Wu 在 X 上发布了离职消息｜图片来源：X 从技术角度看，AI 推理能力的突破需要长期的积累和持续的迭代。一个推理专家离开，带走的不仅仅是个人能力，还有整套的技术思路、实验数据，以及对未来研发方向的判断。在 AI 这个「以月计」的快速迭代行业，失去关键技术负责人往往意味着至少 6 个月的研发停滞。 更让人担心的是时机。OpenAI 刚刚发布了新的代码模型，在 AI Coding 上取得了显著突破；Anthropic 的 Claude 也在推理任务上表现越来越出色。这个时候失去推理团队的核心人物，xAI 很可能会在最关键的技术赛道上掉队。 有开发者在 X 上直言：「失去 Tony Wu，就像特斯拉失去电池技术负责人一样。表面上公司还在运转，但核心竞争力已经受到冲击。」 Tony Wu 不是唯一的一个，事实上，过去一年，xAI 创始团队的 12 名成员中，已经有 5 名离开，接近一半的离职率，效率堪比老马狂裁Twitter 之时。 为什么顶级 AI 人才，并不愿追随马斯克的 AI 愿景？ 02 马式管理的「副作用」 连续两位联合创始人离职，让人不得不重新审视 xA...
Coca-Cola Company stock is on track to hit the mid-$80s in H1 2026 after a decent FQ4 report and a 2026 guide affirming growth, cash flow, and capital return.
Coca-Cola Company stock is on track to hit the mid-$80s in H1 2026 after a decent FQ4 report and a 2026 guide affirming growth, cash flow, and capital return.
格隆汇2月11日｜招商证券发表研报指，特斯拉自动驾驶加速落地，另Optimus Gen 3有望本季落地，并于年底量产，料将成为公司的长期价值核心。不过，公司在汽车增长方面的可见度偏弱，第四季交货按季下滑，短期汽车业务收入与利润波动性上升，加上新车型缺乏明确指引，短期亦暂无其他新车型上市的计划，市场对汽车主业周期性修复保持观望态度。而且公司缺乏大规模现金流，市场或忧虑今年后进入烧钱模式。机器人规模化...
格隆汇2月11日｜招商证券发表研报指，特斯拉自动驾驶加速落地，另Optimus Gen 3有望本季落地，并于年底量产，料将成为公司的长期价值核心。不过，公司在汽车增长方面的可见度偏弱，第四季交货按季下滑，短期汽车业务收入与利润波动性上升，加上新车型缺乏明确指引，短期亦暂无其他新车型上市的计划，市场对汽车主业周期性修复保持观望态度。而且公司缺乏大规模现金流，市场或忧虑今年后进入烧钱模式。机器人规模化及Robotaxi现金流能力仍有待观察。该行下调公司2026至27年的盈利预测20%及39%，以反映汽车下行风险、研发费用大增及资本开支大幅提升，将目标价下调至441美元，维持“中性”评级。
China's ByteDance ( BDNCE ) is developing an artificial intelligence chip and is in talks with Samsung Electronics ( SSNLF ) to manufacture it, as the TikTok parent seeks to secure a supply of advanced processors, two people familiar with the matter told Reuters . ByteDance ( BDNCE ) aims to receive sample chips by end-March, they said. The company plans to produce at least 100,000 units of the ch...
China's ByteDance ( BDNCE ) is developing an artificial intelligence chip and is in talks with Samsung Electronics ( SSNLF ) to manufacture it, as the TikTok parent seeks to secure a supply of advanced processors, two people familiar with the matter told Reuters . ByteDance ( BDNCE ) aims to receive sample chips by end-March, they said. The company plans to produce at least 100,000 units of the chip, designed for AI inference tasks, this year, the report said. One of the sources said ByteDance is looking to progressively ramp production up to 350,000 units. Negotiations with Samsung include access to memory chip supplies that are in exceptionally short supply amid the global AI infrastructure build-out, making the deal particularly attractive, the report added. The information about ByteDance's in-house chip project is inaccurate, a spokesperson for the company told Reuters, without elaborating. More on ByteDance, Samsung Electronics Samsung Electronics Co., Ltd. (SSNLF) Q4 2025 Earnings Call Transcript Samsung Electronics Co., Ltd. 2025 Q4 - Results - Earnings Call Presentation Samsung: Memory Is Booming And Looks Set To Continue Czech prime minister backs social media ban for kids under 15 Samsung shares jump on report of imminent HBM4 mass production
Dassault Systemes press release ( DASTY ): Q4 Non-GAAP EPS of Є0.40. Revenue of Є1.68B (-4.0% Y/Y). 4Q25 & FY25 non-IFRS operating margin of 37.0% and 32.0% respectively, increasing 90 bps and 40 bps respectively in constant currencies, with non-IFRS diluted EPS up 9% in 4Q25 and up 7% in FY25. Initiating FY26 non-IFRS outlook: total revenue growth of 3% to 5%, operating margin between 32.2% and 3...
Dassault Systemes press release ( DASTY ): Q4 Non-GAAP EPS of Є0.40. Revenue of Є1.68B (-4.0% Y/Y). 4Q25 & FY25 non-IFRS operating margin of 37.0% and 32.0% respectively, increasing 90 bps and 40 bps respectively in constant currencies, with non-IFRS diluted EPS up 9% in 4Q25 and up 7% in FY25. Initiating FY26 non-IFRS outlook: total revenue growth of 3% to 5%, operating margin between 32.2% and 32.6%, and diluted EPS of €1.30 - €1.34. Financial Objectives for 2026 Dassault Systèmes’ first quarter and 2026 financial objectives presented below are given on a non-IFRS basis and reflect the principal 2026 currency exchange rate assumptions for the US dollar and Japanese yen as well as the potential impact from additional non-Euro currencies: Q1 2026 FY 2026 Total Revenue (billion) €1.481 - €1.541 €6.290 - €6.410 Growth (6) - (2)% 1 - 3% Growth ex FX 1 - 5% 3 - 5% Software revenue growth * 1 - 5% 3 - 5% Of which licenses and other software revenue growth * 0 - 8% (1)% - 2% Of which recurring revenue growth * 1 - 4% 5 - 6% Services revenue growth * 4 - 10% 2 - 6% Operating Margin 29.2% - 30.7% 32.2% - 32.6% Diluted EPS €0.28 - €0.31 €1.30 - €1.34 Growth (11) - (3)% (1) - 2% Growth ex FX (2) - 6% 3 - 6% US dollar $1.18 per Euro $1.18 per Euro Japanese yen (before hedging) JPY 170.0 per Euro JPY 170.0 per Euro Click to enlarge More on Dassault Systemes Dassault Systèmes: One Of The Best IT Potentials For 2026 Seeking Alpha’s Quant Rating on Dassault Systemes Historical earnings data for Dassault Systemes Dividend scorecard for Dassault Systemes Financial information for Dassault Systemes
Malaysia ’s opposition is in open civil war, with a power struggle threatening to split the main bloc against Prime Minister Anwar Ibrahim just two years out from the next general election Bersatu, or the Malaysian United Indigenous Party, sits at the core of Perikatan Nasional (PN), a conservative alliance whose appeal surged in the 2022 polls and became the biggest opposition after a hung parlia...
Malaysia ’s opposition is in open civil war, with a power struggle threatening to split the main bloc against Prime Minister Anwar Ibrahim just two years out from the next general election Bersatu, or the Malaysian United Indigenous Party, sits at the core of Perikatan Nasional (PN), a conservative alliance whose appeal surged in the 2022 polls and became the biggest opposition after a hung parliament produced a unity government led by Anwar. A succession fight between party chief and former prime minister Muhyiddin Yassin and his deputy Hamzah Zainudin has spilled into the open, with disciplinary threats and rival camps trading resignation calls, according to analysts. Advertisement The immediate trigger is a disciplinary summons issued to Hamzah, who is also Malaysia’s parliamentary opposition leader. A notice dated February 6 said Bersatu’s disciplinary board had received written complaints and wanted Hamzah to explain allegations linked to attempts to undermine the party leadership. It warned that in the event of his failure to attend a February 12 hearing, the board could decide the case without further reference to him. Advertisement Hamzah’s allies have rallied behind him amid talk that groundwork is being laid for him to be suspended or expelled.
Assessing Micron Technology’s Upside Potential in This Rally Few stocks have outperformed Micron Technology (MU) since last year. As a leader in memory chip manufacturing, the company’s stock price has surged over 300%, primarily driven by a shortage of memory chips fueled by the AI boom. Strong demand for high-bandwidth memory chips, which work in tandem with GPUs to power AI applications, has cr...
Assessing Micron Technology’s Upside Potential in This Rally Few stocks have outperformed Micron Technology (MU) since last year. As a leader in memory chip manufacturing, the company’s stock price has surged over 300%, primarily driven by a shortage of memory chips fueled by the AI boom. Strong demand for high-bandwidth memory chips, which work in tandem with GPUs to power AI applications, has created a supply-demand dynamic propelling both Micron’s revenue and profits to soar. For Micron’s fiscal year 2026 ending in August 2026, analysts project its revenue will double to $75.4 billion, with adjusted earnings per share quadrupling to $33.38. This translates to a forward price-to-earnings ratio of just 12. The memory industry is currently experiencing a “super cycle.” The boom in the memory segment has also driven significant gains in other memory-related stocks like SK Hynix, Samsung, and SanDisk. Memory chip prices are highly sensitive to fluctuations in supply, demand, and inventory, exhibiting severe cyclicality. Due to the immense capital investment required in the semiconductor industry, manufacturers tend to operate at full capacity as long as gross margins remain positive, even if net profits may suffer due to fixed costs. Looking at its trajectory over the past decade, Micron has weathered multiple industry cycles. During the post-pandemic industry downturn, its net losses over the trailing twelve months once approached $8 billion. However, Micron now appears poised for a record-breaking profit phase. Analysts estimate the company’s net income will reach approximately $35 billion in the current fiscal year, with profit growth expected to continue at least through 2027. Historical data shows that Micron’s past memory cycles have been relatively short, with transitions from trough to peak or peak to trough often taking just a few years. The near-$16 billion net profit peak visible in the chart represents Micron’s highest historical earnings record to date. I...
Heineken press release ( HEINY ): FY Non-GAAP EPS of €4.78. Revenue of €28.75B (-3.6% Y/Y). Heineken® volume grew 2.7%, global brands volume grew 1.9%. Net revenue grew 1.6%, net revenue per hectolitre up 3.8%. Over 60% of our markets, including over 80% of our priority growth markets gaining or holding share. Marketing and selling expenses expanded to 9.9% of net revenue. Total volume declined 1....
Heineken press release ( HEINY ): FY Non-GAAP EPS of €4.78. Revenue of €28.75B (-3.6% Y/Y). Heineken® volume grew 2.7%, global brands volume grew 1.9%. Net revenue grew 1.6%, net revenue per hectolitre up 3.8%. Over 60% of our markets, including over 80% of our priority growth markets gaining or holding share. Marketing and selling expenses expanded to 9.9% of net revenue. Total volume declined 1.2%, with growth in Asia Pacific and stable volume in Africa & Middle East more than offset by declines in the Americas and Europe. Total consolidated volume decreased 2.1% as notable growth in Vietnam, Ethiopia, and India was more than offset by declines in Brazil, Cambodia, the USA, and Poland. Outlook: Based on current conditions in the macro-economic landscape, we are assuming an unchanged consumer environment in most of our markets and remain prudent in our expectations for 2026. Furthermore, we are accelerating the disciplined execution of EverGreen 2030, stepping up our investments in growth and adapting our operating model with speed. As such, we anticipate: Operating profit to grow between 2% and 6%, reflecting our current assessment of inflation and other macroeconomic conditions as well as the investments and changes required to accelerate our EverGreen 2030 strategy. ▪ Variable costs to rise by a low-single-digit per hl, predominately from currency impacting the local inflation base notably in Africa. From our productivity initiatives, we expect gross savings to be at the upper end of our medium term guidance the range of €400 to €500 million. ▪ An average effective interest rate of around 3.5% (2024: 3.4%). ▪ Other net finance expenses (ONFE) to be in the range of €175 to €225 million (2025: €199 million), depending on exchange rate fluctuations. ▪ An effective tax rate ( ETR ) in the range of 27% to 28% (2025: 27.2%). ▪ Capital expenditure as a percentage of net revenue to be below 8% (2025: 8.4%). ▪ The completed acquisition of FIFCO’s beverage and retail busi...
While some sunbeds may technically emit UVB rays, which the body can convert into vitamin D, the WHO says they are not an efficient way to make the nutrient. The NHS says it is safer to just eat a healthy diet or take supplements.
While some sunbeds may technically emit UVB rays, which the body can convert into vitamin D, the WHO says they are not an efficient way to make the nutrient. The NHS says it is safer to just eat a healthy diet or take supplements.
Finning International ( FTT:CA ) declares CAD 0.3025/share quarterly dividend . Payable March 12; for shareholders of record Feb. 26; ex-div Feb. 26. See FTT:CA Dividend Scorecard, Yield Chart, & Dividend Growth. More on Finning International , Finning International Inc. - ADR Seeking Alpha’s Quant Rating on Finning International Historical earnings data for Finning International Dividend scorecar...
Finning International ( FTT:CA ) declares CAD 0.3025/share quarterly dividend . Payable March 12; for shareholders of record Feb. 26; ex-div Feb. 26. See FTT:CA Dividend Scorecard, Yield Chart, & Dividend Growth. More on Finning International , Finning International Inc. - ADR Seeking Alpha’s Quant Rating on Finning International Historical earnings data for Finning International Dividend scorecard for Finning International Financial information for Finning International Seeking Alpha’s Quant Rating on Finning International Inc. - ADR