In this article NVDA TRI-CA TRI LZ CRM WDAY TCS-IN INFY-IN ARM Follow your favorite stocks CREATE FREE ACCOUNT Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images The software sector faced renewed market concerns this week after artificial intelligence company Anthropic released new AI tools, triggering a sell-off in software-as-a-service and data provider stocks. Anthropic's new AI tools, built for its Claude "Cowork" AI agent, are designed to handle complex professional workflows that many software and data providers sell as core products. The tools and other similar AI agents target functions ranging from legal and technology research, customer relationship management and analytics. That has raised concerns that AI could undercut traditional software business models. The S&P 500 Software & Services Index, which has 140 constituents, fell over 4% on Thursday, extending its losing streak to eight sessions. The index is down about 20% so far this year. Shares of Thomson Reuters , Salesforce and LegalZoom were among the hardest hit in U.S. trading this week, with the sell-off spreading to Asian IT firms Tata Consultancy Services and Infosys . Despite the market jitters, analysts and tech executives remain divided on the long-term impact of these AI tools on these industries. 'Illogical' panic? Among tech leaders downplaying market concerns that AI will replace enterprise software is Nvidia CEO Jensen Huang. "There's this notion that the software industry is in decline and will be replaced by AI," he said at an event on Wednesday. "It is the most illogical thing in the world." The influential tech leader instead argued that AI will use and enhance existing software tools rather than completely reinventing them. Rene Haas, CEO of British chip designer Arm Holdings , echoed that sentiment this week, arguing during an earnings call that enterprise AI deployment is still in its early days and not yet massively transformative. Haas described recent market fears as " m...

肿瘤、自免和内分泌是当前生物医药领域公认的三大核心赛道，“药王级”爆款频出。以2024年销售额计算，默沙东Keytruda（K药）、诺和诺德司美格鲁肽、赛诺菲Dupixent（度普利尤单抗）为全球销售额排名前三的药物，但与PD-1和GLP-1赛道的热闹相比，自免赛道的热度明显偏低。 在赛诺菲刚披露的2025年Q4业绩中， Dupixent单季录得营收42.46亿欧元（约合50.85亿美元），同比大幅增长32.2%；全年销售额达157.14亿欧元（约188.38亿美元），有望坐稳“自免之王”的宝座。 但在Dupixent一片向好的态势之下，IL-4Rα单抗的竞争格局其实正在悄然生变。 康诺亚的司普奇拜单抗于2024年9月获批，成为全球第二款获批上市的IL-4Rα单抗；先声药业的乐德奇拜单抗、智翔金泰的泰利奇拜单抗、康哲药业的MG-K10正处于新药上市申请（NDA）阶段，已然蓄势待发；康方生物曼多奇单抗也已达到III期临床终点，即将申报NDA。 崭新的2026年，投资者们可以预见， 国产IL-4Rα单抗有望密集获批上市，对“自免之王”Dupixent形成围剿之势。 Dupixent还能继续行驶在增长快车道吗？对于这个问题，投资者或许应该更加理性。 01 “自免之王”如何炼成？ 自 2017 年 3 月 28 日首个适应症获 FDA 批准起，Dupixent 便快速跻身潜力爆款药物行列，上市首年即斩获 2.2 亿美元销售额，2019 年更是突破 20 亿美元大关，此后一路驶入增长快车道，成为自免赛道当之无愧的 “自免药王”。 图：Dupixent销售一览，来源：锦缎研究院 复盘 Dupixent 的成王之路，其成功并非偶然，而是 精准的靶点布局、领先的全人源技术平台，以及前瞻性的适应症拓展 三大核心优势协同发力的结果，更是将行业洞察转化为坚实先发护城河的典型范例。 首先， 精准卡位 IL-4Rα 关键靶点，直击 2 型炎症核心发病机制，是 Dupixent 成功的底层逻辑。 2 型炎症是以 Th2 细胞、2 型固有淋巴样细胞及相关细胞因子介导的炎症类型，涵盖病种繁多，临床需求亟待满足。大量研究证实，IL-4（白介素 - 4）与 IL-13（白介素 - 13）是 2 型炎症的核心驱动通道，而 IL-4Rα 正是这两种细胞因子受体的共同组成部分 。 这意味着，抑制 IL-4R...

Source: Bloomberg, 5:32

With ample cash but fewer investment options, Chinese speculators have fanned a rally in global metals prices, underscoring just how difficult it is for authorities to channel capital into the real economy. International prices of base and precious metals, which are heavily keyed to demand in the world’s biggest buyer, went stratospheric last month. Copper, gold and silver all hit record highs, and activity on Chinese futures markets has soared. “We are seeing rocketing short-term trading volumes in silver, copper, aluminum, nickel, tin and steel wire rod futures markets in the last few months, likely a result of surplus liquidity with a dearth of attractive options elsewhere,” said Duncan Wrigley , chief China economist at Pantheon Macroeconomics Ltd. Easy money has helped underpin the economy for years, but the People’s Bank of China is being forced to do more to prop up sluggish growth. The M2 measure of money supply expanded 8.5% in December from a year ago, a much faster rate compared with the 3.9% rise — feeble by Chinese standards — in nominal gross domestic product recorded in the last quarter of 2025. Investment in more economically fruitful activities such as retail spending and capital expenditure hasn’t kept pace. Households have been penny-pinching on their day-to-day shopping since the pandemic. Chinese banks last year extended the least amount of new loans since 2018. Fixed-asset investment — covering buildings, machinery and infrastructure — recorded the first annual contraction on record. “The PBOC can only ensure ample banking system liquidity and guide down interest rates, but it can’t magic up attractive investment options in the real economy, and so people are chasing returns in the financial markets,” Wrigley said. Some of the sting has come out of metals markets in recent days, although prices for key items like copper and gold are still near record highs. China’s worsening economic conditions have amped up calls for more policy support, inclu...

港股午評| 三大指數齊跌，恒指跌超1%；新能源車企逆勢上揚，蔚來漲超7%，理想汽車漲超5%；上市新股表現活躍，卓正醫療漲近35%，大族數控漲近18% 富途牛牛

财联社2月6日讯（编辑 胡家荣）近期，美股AI概念及软件服务板块持续回调，成为扰动全球科技资产定价的关键变量。综合市场分析，此轮调整主要受三重因素驱动： 估值与业绩错配：部分AI概念股前期涨幅显著，当前估值已透支中短期盈利预期，叠加个别龙头财报不及市场预期，引发对商业化落地节奏与盈利可持续性的质疑。 流动性环境承压：美联储降息时点延后预期强化，美债收益率维持高位，对高成长、长周期科技股估值形成持续压制。 政策与情绪扰动：全球范围内对AI技术监管框架的讨论升温，叠加地缘政治不确定性，加剧资金避险情绪，推动获利了结行为集中释放。 港股市场映射：科技股卖空数据全面攀升 受海外情绪传导影响，港股AI应用、SaaS及游戏等科技细分领域近期承压明显，卖空活跃度持续抬升。数据显示，2023年12月底至2024年2月5日，多家代表性企业卖空规模呈阶梯式增长，具体表现如下： 金蝶国际(00268.HK)：卖空股数由168.20万股增至1930.10万股；卖空金额从2242.26万港元升至21575.15万港元。 注：金蝶国际 美图公司(01357.HK)：卖空股数由91.30万股增至1720.10万股；卖空金额从640.08万港元升至10813.97万港元。 微盟集团(02013.HK)：卖空股数由276.40万股增至1646.00万股；卖空金额从508.86万港元升至3236.52万港元。 注：微盟集团 快手(01024.HK)：卖空股数由100.17万股增至978.38万股；卖空金额从6389.32万港元大幅攀升至70340.47万港元，其增长逾10倍。 注：快手 心动公司(02400.HK)：卖空股数由25.60万股增至172.64万股；卖空金额从1670.52万港元升至13625.33万港元。 注：心动公司 网易-S(09999.HK)：卖空股数由38.18万股激增至123.39万股；卖空金额从8246.92万港元增至23532.87万港元。 注：网易 快手、网易、金蝶国际的卖空活动较为活跃，反映市场对高估值、高弹性标的短期情绪波动更为敏感。整体来看，卖空规模持续放量印证资金避险倾向升温。 机构研判：短期波动中的理性视角与配置思路 面对市场波动，主流机构观点呈现“短期谨慎、长期乐观”的分化共识： 中金公司指出，当前调整主要源于外部流动性预期扰动与情绪传导，而非行业基本面逆转。...

LifestyleVisuals/iStock via Getty Images Much slower turnover in the labor force leaves fewer job openings to be filled. Job openings fell in December. But “quits” – a sign of confidence in the labor force – rose for the second month in a row to the most since June, and hires jumped. Layoffs and discharges undid part of the plunge in November and remained historically low. These are signs of slowing churn in the labor force. This is according to the Job Openings and Labor Turnover Survey (JOLTS) of 21,000 business locations. JOLTS doesn’t track employment levels or job creation, but “turnover” – churn – in the labor force. Some of the data were electronically self-reported by companies, and some of the data were obtained via surveys of work sites. This data here are not based on online job postings. Job openings fell by 386,000 in December to 6.54 million, seasonally adjusted, according to the Bureau of Labor Statistics today. The three-month average, which irons out the month-to-month squiggles, fell by 372,000 to 6.97 million openings and has now fallen visibly below the highs in 2018 and 2019, after hovering near these pre-pandemic highs for over a year (red in the chart). Job openings are mostly the result of quits, layoffs & discharges, and other separations (retirements, deaths while employed, etc.), all of which are tracked by today’s JOLTS. Only a small sliver, if any, is from job growth, which is tracked by the jobs reports released in January. Quits – number of workers who quit their jobs voluntarily, such as to take a better job somewhere else, but does not include retirements, deaths, etc., which are tracked separately – rose by 11,000 in December, after the 220,000 jump in November, to 3.20 million (blue in the chart below). The three-month average rose for the second month in a row to 3.12 million quits (red). More quits means more open slots left behind that would eventually turn into formal job openings and later into more hires that filled those job...

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格隆汇2月6日｜印尼财长：并不担心印尼信用评级被下调，目前认为没有理由下调评级。

过去半年，国产芯片厂商的资本化进程被按下了加速键。最近，除了原生芯片厂商，互联网巨头旗下的芯片子公司也纷纷传来分拆独立上市的消息。 今年1月份，百度旗下的昆仑芯，以保密形式向港交所递交主板上市申请，计划分拆独立赴港IPO；没过几天，阿里旗下的平头哥也被曝出正在筹备独立上市，阿里对此消息未作评论；而就在同一天，与腾讯有深度合作的燧原科技，也获得了上交所受理IPO申请。 图源：微博截图 这些年来，互联网大厂的“造芯运动”一直十分低调，为何在此时纷纷传出要独立上市的消息？芯片业务走向独立商业化后，互联网巨头又是否会在芯片领域展开新一轮的正面竞争？ 01.大厂造芯，各走各的路 随着AI业务的爆发，如今国内自研芯片的互联网大厂不在少数；过去一年，在AI投入上相对保守的京东和美团，也展开了人工智能自研芯片的布局。不过，在 AI 浪潮全面席卷之前， 真正将芯片自研上升为集团核心战略、并持续加大资源投入的互联网大厂，只有阿里巴巴、百度、字节跳动和腾讯这四家 。 四家大厂的造芯业务要追溯到2018年，当时国际贸易摩擦升级，高端芯片、核心算力被“卡脖子”，给依赖进口芯片支撑海量算力的国内互联网公司敲了警钟。 另一方面，成本也是直接的推动因素。李彦宏曾回忆过百度做芯片的初衷，“当初我们做搜索的时候，买别人的芯片太贵了，要1万美元一片，我们自己做，2万元人民币就做下来了。所以我们就逼着自己做，做出了昆仑芯片。” 百度或许是四家大厂里的动作最快的一个。 传统搜索引擎需要用AI提升广告分发的效率，早在这一时期，百度就积累了芯片架构设计能力；百度智能芯片及架构部，也成为了昆仑芯的前身。 2018年，国际贸易形势发生变化时，百度已经发布了首代AI芯片“昆仑”；这款芯片是专用AI加速芯片（ASIC/NPU性质），主要为百度内部提供支持， 这些年已经在百度搜索引擎、小度等业务中部署超过万片 。 图源：罐头图库 也是在2018年左右，云计算爆发带来了海量服务器芯片的需求。2018-2021年间，阿里云收入增速一度高达101%，腾讯云、华为云的增速也都在三位数以上。然而，当时英特尔、AMD的通用CPU并非针对云场景设计，采购成本高且计算效率低；为此，阿里、腾讯方面都在这一年表示要自研芯片，提高算力适配性与使用效率，从根源上降低云业务的算力成本。 在此背景下， 阿里收购了国内资深嵌入式CPU制造商“中天微”...

Line Man Wongnai , a Thai technology startup backed by Singapore’s GIC Pte, is considering an initial public offering abroad to tap stronger investor demand and secure a higher valuation, a move that would signal a lack of confidence in the local stock market. The operator of food delivery, ride hailing and e-payment services is exploring an IPO in Hong Kong and US after postponing a domestic share sale, Chief Executive Officer Yod Chinsupakul said. The company expects to make a final decision by the end of June, he said. The Thai stock exchange is grappling with the departure of companies seeking deeper capital pools and higher valuations abroad. Regulators and the bourse have rolled out incentives such as relaxed listing rules to keep high-growth firms at home, but a market slump, foreign fund outflows and poor IPO performance have weighed the attractiveness of the Bangkok market. “There is less appeal in a domestic listing, with the unfavorable macro outlook from a weak economy to unstable politics,” Yod, 43, said in an interview Thursday. “It should be in the best interest of our shareholders to list shares in another country that has a more vibrant stock market and trading activity.” Read more: Thai IPO Drought May Persist as Issuers Chase Valuations Abroad Line Man Wongnai, registered in Singapore, hired banks for an IPO in Thailand in 2025, according to Yod. It has now paused that plan and is assessing the market environment again. Thailand’s IPO market raised about 13 billion baht ($408 million) last year, the least since 2010, according to the stock exchange’s data . Among Thai companies opting to list elsewhere, cryptocurrency exchange operator Bitkub is considering an offering in Hong Kong, Bloomberg News reported . Coconut-water maker IFBH Ltd. made its Hong Kong debut in June. The market has been constrained partly by policy uncertainty as the country prepares to elect its fourth prime minister in less than three years on Feb. 8. The economy has struggl...

美國洛杉磯有車撞入一間華人超市，造成三死六傷，涉事女司機92歲，當局初步相信她並非蓄意撞人。 車禍當地周四中午十二時多發生。現場是美國洛杉磯韋斯特伍德區一間華人超市，位於加州大學洛杉磯分校附近。 當局表示，涉事汽車先撞到一名騎單車的人，其後撞入一間由華人開設的連鎖超市。事發後當地消防和警方隨即調動人手處理，現場拉起封鎖線。 車禍中多人被撞，有人被捲入車底，兩男一女當場證實死亡，其餘的人送院，當中部分傷重不治。 警方表示，涉事司機是一名92歲女子，初步調查相信，她並非蓄意駕車撞人，正繼續跟進了解。 洛杉磯警方發言人埃斯皮諾薩說：「目前這名司機正接受醫療專業人員，和洛杉磯警察局的評估，所以她目前仍在接受評估，但我暫時沒有更多訊息。」 涉事司機同最先被撞、騎單車的人，都拒絕送院。

一、【早盘盘面回顾】 财联社2月6日讯，市场早盘探底回升，三大指数集体翻红，此前一度跌超1%。沪深两市半日成交额1.38万亿，较上个交易日缩量633亿。盘面上热点快速轮动，全市场超3800只个股上涨。从板块来看，化工板块集体走强，沧州大化、金牛化工、百川股份、百合花涨停。人形机器人概念表现活跃，五洲新春、联诚精密、天奇股份涨停。有色金属板块回暖，湖南黄金、翔鹭钨业涨停。光通信概念震荡回升，杭电股份6天5板。中药概念开盘活跃，特一药业涨停。下跌方面，大消费板块集体下挫，白酒、旅游酒店方向跌幅居前，皇台酒业跌停，大连圣亚触及跌停。截至收盘，沪指涨0.11%，深成指涨0.65%，创业板指涨0.65%。 个股来看，今日早盘涨停数量为47家（不包括ST及未开板新股），封板率为78%，连板股数量为7家，韩建河山4连板，凯龙高科、杭州解百3连板，皇庭国际、金富科技、田中精机、横店影视2连板。 板块上，化工股涨幅居前，百合花、闰土股份、海翔药业、沧州大化、百川股份、德美化工等个股涨停，江天化学、多氟多、美农生物、新和成等个股涨幅居前。 国金证券指出，多品类化工产品价格呈现上涨态势，出口退税取消等政策加速抢出口，行业供需格局持续改善，龙头企业和处于价格底部的品种具备较强盈利修复弹性。 光通信概念震荡回升，杭电股份6天5板，长江通信、长飞光纤同样涨停，胜蓝股份、易天股份、通鼎互联、中威电子等个股涨幅居前。 消息面上，国家超算互联网应用技术大会暨核心节点上线试运行活动2月5日举行。此次上线试运行的算力资源由曙光scaleX万卡超集群系统支撑，可对外提供超3万卡的国产AI算力，是国家超算互联网平台上线以来接入的全国最大单体国产AI算力资源池。根据华泰证券研报，2026年1月，中国市场G.652.D单模光纤价格创下近七年来的新高，平均价格来到35元/芯公里以上。 机器人概念股，天奇股份、五洲新春涨停，模塑科技、通光线缆、百达精工、万向钱潮、方正电机等纷纷跟涨。 消息面上，马斯克表示，公司将把位于加州弗里蒙特工厂中原本用于生产Model S与Model X的产线，转为Optimus人形机器人专用制造设施。此外，中央广播电视总台近日宣布，2026年春节联欢晚会将继续致力于文化和科技融合创新实践，打造一桌科技感十足的“文化年夜饭”，具身机器人将再次登台，“舞”出新高度。 中药概念同样表现活跃，特一...

财联社2月6日讯，针对近日部分媒体关于精神专科医院涉嫌违规问题的报道中，将襄阳恒泰康医院有限公司与爱尔眼科医院集团股份有限公司及其实际控制人陈邦直接关联的情况，爱尔眼科方面今日作出回应。 爱尔眼科公告表示，公司关注到部分媒体关于精神专科医院涉嫌违规问题的报道中，将襄阳恒泰康医院有限公司与爱尔眼科直接关联。 为避免相关传闻对广大投资者及社会公众造成误导，切实维护投资者合法权益，公司现就有关情况澄清说明如下： 1、襄阳恒泰康非爱尔眼科所属企业。该公司为爱尔医疗投资集团有限公司（以下简称“爱尔医疗投资”）与其他投资方合资设立的四级子公司。 2、襄阳恒泰康由其医院管理团队经营。爱尔医疗投资不参与襄阳恒泰康的日常经营管理。 3、爱尔眼科与湖南恒泰康康复医疗产业发展有限公司及其下属机构不存在股权控制、业务关联或经营管理关系。 公司及实际控制人陈邦先生始终坚持依法合规经营，严格执行国家关于医疗服务、医保基金使用和患者权益保护的相关法律法规，对任何违法违规行为持“零容忍”态度。

格隆汇2月6日｜德意志银行发布对震坤行(NYSE: ZKH)的2025年第四季度业绩前瞻报告，将目标价上调至4.50美元并维持“买入”评级。德银预计，震坤行4Q25业绩进展顺利，收入同比增速有望恢复至中个位数，同时预计单季度实现盈利，调整后净利率将继续改善。展望2026年，德银判断公司前期业务调整影响基本消化，收入端有望在ARPU提升及客户数扩张带动下重回稳健增长轨道；利润端则受益于自有品牌占比提升、规模效应及运营效率改善，全年有望实现盈利。在海外业务方面，德银表示，震坤行将专注于服务中国企业出海需求，该策略有助于提升业务确定性，并预计海外业务将在2026年达到盈亏平衡。基于对公司复苏路径信心增强，德银将目标价上调至4.5美元，维持“买入”评级。 德银预计，公司将于3月中旬发布4Q25及全年业绩。

Shares in Chinese private healthcare provider Distinct surged in their Hong Kong debut Friday. Founder and CEO Philip Wang says it'll use the money raised from the share sale to expand overseas "cautiously." He speaks exclusively with Yvonne Man and Annabelle Droulers on "Bloomberg: The China Show." (Source: Bloomberg)

美要求中國加入限制核武條約 中方：美方渲染中國核威脅論 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】美俄最後一項限制核武條約失效後，美國繼續批評舊有的機制不公，又指名中國應加入。中方則指堅決反對美方說法，並拒絕不實指責。 聯合國在日內瓦召開裁軍談判會議，這一輪會議正值美俄的削減戰略武器條約剛到期失效，美方強調是追求令世界更安全，維持戰略穩定及更好地限制核武的機制，繼續把矛頭指向中國，指控中方的核武發展不透明、不受限。美國副國務卿迪安諾：「幾乎全數美國部署核武都曾受條約限制，俄羅斯更大的庫存只有部分受限，我還要再提涵蓋的中國核武為『零』，當我們齊聚這裡開會，中國的整個核武庫沒有限制、透明度、申報或任何控制。」 中方則反駁指美方的說法對軍控機制沒有幫助，中國裁軍大使沈健：「中方注意到美方在發言中繼續渲染所謂中國核威脅，我們堅決反對這種虛假敘事，拒絕美方的不實指責。沈健又強調中國對核武問題採取極其慎重、負責任的態度，恪守不首先使用核武的政策，亦無意與任何國家進行核軍備競賽，始終把核力量維持於國家安全需要的最低水平。

Earnings Call Insights: Ribbon Communications Inc. (RBBN) Q4 2025 Management View CEO Bruce McClelland opened the call by noting a dynamic macro environment, stating, "We successfully closed multiple significant deals in the quarter and achieved record product and professional service bookings." He emphasized that new orders are tied to voice modernization projects, with expected revenue beginning in the second half of 2026. The company reported an expanded customer base and continued leadership in cloud-centric voice modernization, highlighting ongoing integration opportunities with conversational and Agentic AI platforms. McClelland addressed revenue shortfalls relative to guidance, attributing delays to project implementation and customer budget issues, explaining that "delayed programs are not lost business and are primarily tied to two key reasons," including backlog implementation delays and year-end budget constraints, particularly with a U.S. customer undergoing restructuring and another project awaiting BEAD funding. Market commentary included a 27% year-over-year increase in sales with Verizon and a significant opportunity following the Frontier acquisition. For the full year, sales to global service providers increased 5%, enterprise sales rose 2%, and sales to government and defense declined 23%. John Townsend, CFO, stated, "In the fourth quarter of 2025, Ribbon generated revenues of $227 million, a decrease of 10% from the prior year." He highlighted a $90 million deferred tax benefit recognized in the quarter, resulting in a $0.50 benefit to non-GAAP EPS and future annual cash tax savings of $15 million to $20 million. Outlook McClelland outlined a "more cautious approach at this point in the year" for 2026 due to macro uncertainties. Full-year revenue is projected in a range of $840 million to $875 million, with 1.5% consolidated growth at the midpoint. The Cloud & Edge segment is projected to grow approximately 6% in product and professional services...

今年第2号台风“西望洋”（热带风暴级）的中心今天（6日）上午8点钟位于菲律宾马尼拉东南方向约710公里的海面上，就是北纬9.3度、东经124.7度，中心附近最大风力有8级（20米/秒），中心最低气压为995百帕，七级风圈半径为180~320公里。预计，“西望洋”将以每小时20~25公里的速度向西偏北方向移动，之后移入苏禄海，强度缓慢减弱，8日进入南海东南部偏东海域，尔后逐渐减弱消失。（央视新闻）

2026年伊始，汽车芯片行业就弥漫着一股悲观的气氛： 意法半导体CEO在财报电话会议中指出“汽车市场尚未企稳”，恩智浦的汽车芯片营收增速跑输华尔街预期后股价单日暴跌超5%，德州仪器尽管给出较强的强劲的第一季度业绩预测，但却淡化了汽车板块的贡献，英飞凌CEO虽然重申全年指引，但对汽车市场的评估“与11月时一样保持谨慎”，坦言“汽车和工业市场已度过周期性低谷，但需求尚未真正回升”。 这四大巨头的集体谨慎，传递着一个令人不安的信号：这个曾被不少人视为香饽饽的市场，正在经历比预期更为漫长且复杂的调整周期。 更糟糕的是，一场新的危机正在酝酿。当存储厂商将产能挪至高利润的HBM等产品时，汽车行业忽然发现，曾经充裕的存储芯片供应，正在快速枯竭。 供应过剩与存储短缺，让曾经春风得意的汽车芯片巨头有了紧迫感。 财报揭示的寒意 数字不会说谎，却会放大焦虑。 恩智浦的财报显示，2025财年第四季度汽车芯片业务营收18.8亿美元，同比增长仅4.8%，不仅低于分析师18.9亿美元的平均预期，更与部分机构19.7亿美元的乐观预测相去甚远。对于一家汽车芯片贡献超半数营收的公司而言，这个数字意味着核心引擎的熄火。财报发布后，恩智浦美股尾盘暴跌超5%，投资者用脚投票表达了失望。 意法半导体的境况更加窘迫。虽然公司预告第一季度营收将超分析师预期——这主要得益于消费电子领域需求回暖——但谢里在电话会议中的表态却格外谨慎：“不同终端市场的复苏进程并不均衡。”这句看似中性的官话背后，实则藏着对汽车市场的深层忧虑。2025年第二季度，这家苹果芯片供应商的财报出现1.33亿美元营业亏损，远逊于华尔街预期的5620万美元营业利润。亏损本身不可怕，可怕的是看不到明确的复苏时间表。 德州仪器的处境相对微妙。在2025财年第四季度电话会议中，当被问及第一季度指引为何显著超出季节性表现时，CEO哈维夫·伊兰将功劳归于工业市场的持续复苏（同比增长接近20%）和数据中心业务的强劲增长（连续7个季度增长，2025年全年同比增幅64%）。对汽车市场的贡献则轻描淡写带过——第四季度该业务同比增长仅为6%-9%，环比更是出现约1%-2%的下滑。 这种刻意的回避，恰恰暴露了汽车板块的尴尬处境。对德州仪器而言，汽车和工业市场各贡献33%的总营收，是并列第一的支柱业务。当管理层在业绩指引中选择性忽略汽车的贡献，传递的信息再明显不过，这块曾...

云顶新耀（HK1952）公告，中国国家药品监督管理局已批准维适平新药上市申请，在中国用于治疗对传统治疗或生物制剂应答不充分、失应答或不耐受的中度至重度活动性溃疡性结肠炎成人患者。

Earnings Call Insights: Digital Realty Trust, Inc. (DLR) Q4 2025 Management View Andy Power, President & CEO, characterized 2025 as a “pivotal year for the data center industry and for Digital Realty,” highlighting that the company closed the year with record financial performance, exceeding full-year guidance across

格隆汇2月6日｜TrendForce集邦咨询日前公布2月面板价格趋势预测，2026年2月，电视面板价格预计将延续上涨态势，显示器面板部分尺寸价格上涨，笔电面板价格预期下跌。目前预估2月份电视面板价格有机会呈现全面上涨趋势，32英寸、43英寸与50英寸预估上涨1美元，55英寸、65英寸与75英寸则预计上涨2美元。

騰訊控股(00700)出現大手賣出1.38萬股，成交價$553.5，涉資763.83萬 AASTOCKS.com

京東集團－ＳＷ(09618)出現大手賣出6.07萬股，成交價$106.5，涉資646.455萬 AASTOCKS.com

(RTTNews) - SS&C Technologies Holdings Inc. (SSNC) reported earnings for fourth quarter that Drops, from the same period last year The company's bottom line totaled $193.1 million, or $0.77 per share. This compares with $248.2 million, or $0.98 per share, last year. Excluding items, SS&C Technologies Holdings Inc. reported adjusted earnings of $634.2 million or $1.69 per share for the period. The company's revenue for the period rose 8.1% to $1.653 billion from $1.529 billion last year. SS&C Technologies Holdings Inc. earnings at a glance (GAAP) : -Earnings: $193.1 Mln. vs. $248.2 Mln. last year. -EPS: $0.77 vs. $0.98 last year. -Revenue: $1.653 Bln vs. $1.529 Bln last year. -Guidance: Next quarter EPS guidance: $ 1.62 To $ 1.68 Next quarter revenue guidance: $ 1.608 B To $ 1.648 B FY26 Revenue Guidance: $6.654 Bln - $6.814 Bln FY26 EPS Guidance: $6.70 to $7.02 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

《大行》花旗：美團(03690.HK)購叮咚中國業務提升生鮮零售市場的地位 惟競爭仍激烈 AASTOCKS.com

《大行》花旗：美團(03690.HK)購叮咚中國業務提升生鮮零售市場的地位惟競爭仍激烈財經新聞Financial News AASTOCKS.com

《大行》花旗：美團(03690.HK)購叮咚中國業務提升生鮮零售市場的地位 惟競爭仍激烈 AASTOCKS.com