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财联社2月5日讯（记者 张良德） 今日工信部等八部门联合印发《中药工业高质量发展实施方案（2026—2030年）》（以下简称《方案》），从全产业链视角为中药工业未来五年发展划定“路线图”。多家中医药上市公司纷纷表示振奋，业内专家亦指出，《方案》不仅强化了对道地药材、传统工艺的保护，更明确提出支持民族药现代化、打造中成药“名品方阵”，为中药全产业链发展注入强劲动能。 中国医药 健康发展促进专家委员会主任委员、中药配方颗粒行业联盟秘书长孙跃武对财联社记者表示：“2026年伊始，国家就颁布了针对中医药领域的重磅文件，彰显了国家对中医药发展的重视，《方案》从种植、饮片、创新、成药等全产业链角度分析了中医药发展未来趋势并给予政策支持。” 北京盛世康来中药营销策划公司董事长申勇表示：“《方案》是国家战略在中医药产业中的‘细化落地版’，具有三大突出特点：全面、落地、系统化。这次多部门共同发文，明确提出要推动跨部门协同，有利于实现产业链各环节的高效联动。” 《方案》提出了未来五年的发展目标：到2030年，中药工业全产业链协同发展体系初步形成，重点中药原料持续稳定供应能力进一步增强，数智化绿色化水平明显提升，一批关键技术取得突破，产业协同创新水平显著提高。重点围绕发展质量、协同体系、创新产品、数智化绿色化转型升级等方面设置了具体的任务目标。 申勇认为：“《方案》明确对发展目标设置了具体可量化的指标，使其更具操作性，到2030年中药工业全产业链协同发展体系将初步形成，如果如期实现上述目标，中药工业将彻底摆脱‘散、小、粗’的旧形象。” 《方案》围绕原料供应、创新能力、制造水平等维度设定量化目标：到2030年培育60个高标准中药原料生产基地、建设5个中药工业守正创新中心、新培育10个中成药大品种，推动一批医疗机构中药制剂转化为中药创新药，制修订10项中药工业数智技术相关行业标准，发布20个数智化转型升级典型案例，建设20个智能工厂、培育10个绿色工厂。 《方案》围绕“原料、创新、制造、民族药、名品、企业”六大维度部署15项重点任务，形成全链条发展支撑体系。 其中，对于民族医药的发展在《方案》中单独占有较大篇幅。要求大力发掘民族药资源，加快民族药产业现代化转型。 奇正藏药 （002287.SZ）董秘冯平对财联社记者表示，我们看到《方案》的颁布也感到十分振奋，而《方案》明确提出支持民族药现代化...

Image source: The Motley Fool. Thursday, Feb. 5, 2026 at 9 a.m. ET CALL PARTICIPANTS President and Chief Executive Officer — Michel Khalaf Executive Vice President and Chief Financial Officer — John McCallion Regional President, U.S. — Ramy Tadros President, Asia — Lyndon Oliver TAKEAWAYS Adjusted Earnings -- $1.6 billion for the quarter, or $2.49 per share, with adjusted EPS ex notable items at $2.58, marking a 24% increase over the prior year's quarter. -- $1.6 billion for the quarter, or $2.49 per share, with adjusted EPS ex notable items at $2.58, marking a 24% increase over the prior year's quarter. Full-Year Adjusted Earnings Ex-Notables -- $6 billion, or $8.89 per share, reflecting approximately 10% growth. -- $6 billion, or $8.89 per share, reflecting approximately 10% growth. Group Benefits Adjusted Earnings -- $465 million in the quarter, up 12%, with full-year ex-notables at $1.7 billion; group life mortality ratio for the quarter was 81.1% and for the year 83.1%, both below the company’s 2025 target range. -- $465 million in the quarter, up 12%, with full-year ex-notables at $1.7 billion; group life mortality ratio for the quarter was 81.1% and for the year 83.1%, both below the company’s 2025 target range. Retirement and Income Solutions (RIS) Adjusted Earnings -- $454 million in the quarter (up 18%), full-year at $1.7 billion; segment achieved record pension risk transfer sales exceeding $14 billion for the year. -- $454 million in the quarter (up 18%), full-year at $1.7 billion; segment achieved record pension risk transfer sales exceeding $14 billion for the year. Asia Segment -- Adjusted earnings of $444 million for the quarter, flat year over year; annual sales rose 18% on a constant currency basis, led by Japan and Korea. -- Adjusted earnings of $444 million for the quarter, flat year over year; annual sales rose 18% on a constant currency basis, led by Japan and Korea. Latin America Segment -- Quarterly adjusted earnings of $227 million, up 13%; ...

Getty Images Introduction Asset manager Artisan Partners Asset Management Inc. ( APAM ) is one of those investments I initiated in 2022 amid the interest rate hike-driven broad-based selloff in equities. In retrospect, I am very happy with my decision to build a small position in this company, although the general trend continues to favor passive investment instruments and the companies that offer them. While APAM stock remains a small position in my portfolio (approximately 0.4% in terms of invested capital), I nonetheless review it at times to see how the company navigates an environment that continues to favor companies like BlackRock, Inc. ( BLK ), which have undoubtedly done better over the same period. My last article on Artisan was published in November 2025, when I suggested that " APAM shareholders may be in for a pleasant surprise in February when the fourth-quarter dividend and special dividend are expected to be announced " – I'll take a look at this in the article, of course. With Artisan having reported its Q4 and full-year 2025 results on Tuesday, it's a good time to take a fresh look at the company. In this update, I'll review the company's assets under management (AUM)—obviously with a focus on cash flows—but importantly also its profitability, as Artisan is known as one of the stronger companies in this industry—despite its small size and consequently less pronounced scale. Before we dive in, and to give you a feeling of Artisan's size, I've illustrated its 2025 year-end AUM in comparison to active asset management peers like T. Rowe Price Group, Inc. ( TROW ) and Franklin Resources, Inc. ( BEN ), and the behemoth in the passive investing field, BlackRock: Figure 1: Artisan Partners Asset Management Inc. (APAM): Assets under management at the end of 2025, compared to BEN, BLK, and TROW (own work, based on information from company filings) Artisan Partners 2025 Earnings: Reassuring Performance Despite Ongoing Outflows For the fourth quarter of 2025,...

格隆汇2月5日｜道明证券在报告中表示，主要受美元反弹推动，英镑兑美元GBP/USD近期的强势走势可能告一段落。分析师指出，英镑此前对美元的上涨在很大程度上源于美元的全面抛售。“从季节性来看，第一季度通常是美国数据表现较强的时期，我们可能会看到美元兑英镑出现一定程度的反弹。”在英国央行周四以微弱优势投票决定维持利率不变后，叠加市场对英国首相斯塔默可能面临领导权挑战的担忧再度升温，英镑兑美元GBP/USD下跌0.7%，至1.3548。

Qualcomm QCOM shares opened about 11% down on Feb. 5 after the semiconductor giant issued cautious guidance for its fiscal Q2 that overshadowed its record-breaking performance in the holiday quarter. In its earnings release, the company based out of San Diego, CA, cited the global memory shortage that’s forcing smartphone manufacturers to scale back production for its muted outlook. However, it’s reasonable to assume that QCOM’s guidance will ultimately prove too conservative since its diversified portfolio and premium focus position it well to weather supply constraints. In fact, the post-earnings sell-off may actually be an “exciting opportunity” for long-term investors to invest in Qualcomm stock that’s now down more than 25% versus its year-to-date high. Why memory shortage may not be ‘that’ big a concern for QCOM shares QCOM stock’s post-earnings plunge may be “overdone” given the market is treating the memory shortage as a demand problem, when it’s actually a logistical delay only. On the earnings call, the company’s chief executive, Cristiano Amon, agreed that consumer demand for high-end phones remains robust. The “weakness” is simply OEMs being unable to finish building phones they have already planned. This is “deferred” revenue – not lost sales. Additionally, the shortage hits low-end, low-margin budget phones the hardest because they can’t absorb the DRAM price hikes – but Qualcomm’s bread and butter is the premium tier (Snapdragon 8 Series). High-end consumers are less price-sensitive, and OEMs will prioritise their limited memory supply for these high-margin flagship devices where QCOM makes its biggest profits. In short, while memory shortage sure is a headwind, it’s not like Qualcomm is entirely unequipped to weather that storm. How diversified portfolio makes Qualcomm stock worth owning on the dip What’s also worth mentioning is that even if memory shortages cap handset shipments through the remainder of 2026, QCOM’s diversified portfolio positions ...

Qualcomm stock: why the ‘memory problem’ may be overstated tradingview.com

格隆汇2月5日｜亚马逊(AMZN.US)跌超5%，最低触及220.39美元。消息面上，亚马逊将今日美股盘后公布去年Q4业绩，市场预期总营收将增长13%至2115亿美元，其中AWS收入将增长21%至348亿美元，调整后每股收益预计将增长8%至2.40美元。鉴于亚马逊股价此前表现相对滞后，投资者正在急切寻找股价上行的催化剂，同时密切关注其利润率扩张情况以及零售业务的稳健性。此前微软公布上季Azure增长放缓，拖累股价重挫近10%，引发了投资者对整个行业的广泛担忧。(格隆汇)

格隆汇2月5日｜欧洲央行行长克里斯蒂娜·拉加德周四表示，欧元有发挥更大国际作用的空间，但这不必然意味着欧元会走强。拉加德在欧洲央行维持利率不变后举行的新闻发布会上说，一种货币要发挥国际作用，需要一个安全的环境和相对于世界其他地区的强大地位。她说，在这方面，欧元区在国防和基础设施方面还有更多工作要做。另一个要素是与世界其他地区进行贸易的能力，欧盟在这方面正在取得进展。此外，她说，一种国际货币需要成为流动性的提供者，欧洲央行正在研究这一点。

比特币跌破68000美元，日内跌7.17%。 免责声明： 风险提示：本文内容仅供参考，不代表同花顺观点。同花顺各类信息服务基于人工智能算法，如有出入请以证监会指定上市公司信息披露平台为准。如有投资者据此操作，风险自担，同花顺对此不承担任何责任。

Rockwool A/S ( RKWBF ): FY Revenue of DKK28.97B. Profit of DKK209M More on Rockwool A/S Rockwool A/S (RCWLY) Q4 2025 Earnings Call Transcript Rockwool A/S 2025 Q3 - Results - Earnings Call Presentation Rockwool A/S (RCWLY) Q3 2025 Earnings Call Transcript Seeking Alpha’s Quant Rating on Rockwool A/S Historical earnings data for Rockwool A/S

Amazon.com, Inc. (NASDAQ:AMZN) is in the spotlight Thursday ahead of fourth-quarter earnings today after the market closes. Amazon stock is showing weakness. Why is AMZN stock trading lower? Earnings Expectations And What To Watch Amazon is expected to report earnings per share of $1.97 and revenue of $211.30 billion. The company has beaten estimates for four consecutive quarters. In its most recent report on Oct. 30, the company posted earnings per share of $1.95, beating the consensus estimate of $1.57. In addition, Amazon reported revenue of $180.17 billion, beating the consensus estimate of $177.75 billion. Investors should keep a close eye on e-commerce growth, which has been a significant driver for Amazon, particularly in the face of economic headwinds. Watch for continued growth in same-store sales, which have been pivotal in demonstrating Amazon’s resilience in a competitive landscape. Additionally, monitoring inventory levels will be crucial, as efficient inventory management can indicate operational effectiveness and demand forecasting accuracy. Analyst Ratings Amazon carries a consensus rating of Buy and a consensus price target of $294.34. Recent actions ahead of the earnings report include: Amazon Stock Slides Lower AMZN Price Action: At the time of publication, Amazon stock is trading 4.63% lower at $222.22, according to data from Benzinga Pro. Image via Shutterstock

Stefan Tomic/iStock via Getty Images A cooperative rate cycle, benign credit, and an improving economy are all generally good for banks, and that at least partly explains why regional banks are up about 50% since mid-2024. With expectations higher in general, I believe individual stories matter more now, and I think Banc of California ( BANC ) continues to offer a solid differentiated growth story and further upside. BANC shares have done alright since my last update , rising about 60% and modestly outperforming the broader sector. Among regional comparables, Western Alliance ( WAL ) and Zions ( ZION ) have lagged BANC, while Columbia ( COLB ) has performed similarly and East-West ( EWBC ) has done a little better. I see another 10% to 20% upside in the near term for BANC, and I do believe expectations are a bit conservative here at the start of 2026. With opportunities to leverage a relatively unique position in Southern California and drive more operating leverage, I believe this bank can deliver double-digit core earnings growth over the next few years and outperform its regional peers. A Mixed Q4, But With No Real Lingering Problems BANC shares have traded off a bit since a fourth quarter report that didn’t quite offer everything the Street wanted, particularly with respect to expense guidance for 2026. That said, investing in growth (hiring more bankers and spending on tech) is an acceptable reason for missing an opex guide in my book, and I’m not pressed about it. As for the quarter that was, BANC had a mixed report. Revenue grew about 8% yoy but contracted slightly on a sequential basis and came in a little less than 1% short of expectations (about $0.01/share). Net interest income grew 7% yoy and contracted 1% qoq, missing by close to $0.02/share, with both lighter net interest margin (3.2% versus 3.22%, down 2bp qoq) and lighter average earning assets (down 0.1% qoq), with more balance sheet growth coming later in the quarter than expected. Fee-based income...

文章提及标的 力拓 -- 嘉能可在伦敦跌超10%，消息称力拓（RIO）和嘉能可决定放弃寻求合并。(财联社)

港股公告掘金 | 美團-W擬收購Dingdong Fresh Holding Limited全部已發行股份 作者 智通財經 Investing.com 香港 - 股市報價& 財經新聞

Anthropic推出新型AI助手引发数据与法律软件类股急剧抛售，汤森路透、Legal Zoom .com与RELX大幅下挫，因投资者评估其对传统SaaS模式的颠覆风险；FactSet与Blue Owl同步下跌。 责任编辑：张俊 SF065

Image source: The Motley Fool. Feb. 5, 2026 at 8:30 a.m. ET CALL PARTICIPANTS Chairman, President, Chief Executive Officer, and Founder — Randall Lipps Executive Vice President and Chief Financial Officer — Baird Radford Executive Vice President and Chief Operating Officer — Nnamdi Njoku Senior Vice President, Investor Relations — Kathleen Nemeth Need a quote from a Motley Fool analyst? Email [email protected] RISKS Gross Margin Decline -- Non-GAAP gross margin declined by approximately four percentage points year-over-year "primarily reflects the impact of $7 million of tariff costs in 2025 along with shifts in product and customer mix." -- Non-GAAP gross margin declined by approximately four percentage points year-over-year "primarily reflects the impact of $7 million of tariff costs in 2025 along with shifts in product and customer mix." GAAP EPS Loss -- Fourth quarter GAAP loss of $0.05 per share compared with positive earnings in prior periods. -- Fourth quarter GAAP loss of $0.05 per share compared with positive earnings in prior periods. EnlivenHealth Retail Headwinds -- Njoku said, "there's headwinds in the retail segment" impacting EnlivenHealth, with continued uncertainty in the market. TAKEAWAYS Total Revenue -- $314 million for the quarter, up 2% year over year and up 1% sequentially from the previous quarter. -- $314 million for the quarter, up 2% year over year and up 1% sequentially from the previous quarter. Product Revenue -- $180 million for the quarter, down 1% year over year but up 1% sequentially from the previous quarter. -- $180 million for the quarter, down 1% year over year but up 1% sequentially from the previous quarter. Service Revenue -- $134 million for the quarter, up 8% year over year and up 1% sequentially. -- $134 million for the quarter, up 8% year over year and up 1% sequentially. Non-GAAP Gross Margin -- 43.2% for the quarter, down 4.2 percentage points year over year and down 1 percentage point from the prior quarter, reflecting...

Jian Fan/iStock via Getty Images Barring another glitch in the federal government’s on-again-off-again operating schedule, the delayed report for the fourth-quarter GDP report is set for release in two weeks (Feb. 20). When the update arrives, it’s on track to report a softer-but-still-resilient expansion for last year’s final quarter, based on the median for a set of nowcasts compiled by The Capital Spectator. Today’s update indicates 2.7% annualized growth for Q4. That’s substantially below Q3’s torrid 4.4% pace. Despite the anticipated downshift, the Q4 nowcast, if correct, will reaffirm US economic resilience prevailed through the end of 2025. Economic data from other sources unaffected by the government shutdown already highlight a strong probability that the economic expansion continued through December into January. The Dallas Fed’s Weekly Economic Index (WEI) , for instance, reflects a steady, moderate year-over-year trend in GDP in recent history. PMI survey data for December and January also suggest that a growth bias endures. “Sustained service sector growth, supported by a robust rise in manufacturing output in January, indicates the economy is growing at an annualized rate of around 1.7%,” says Chris Williamson, Chief Business Economist at S&P Global Market Intelligence. The recession worries of several months back in some circles once again look misplaced. That doesn’t mean that the economy doesn’t face challenges. But US resilience isn’t easily displaced, which is surprising, given the turmoil over the past year on trade, monetary policy, and elsewhere. “Textbooks would say uncertainty is bad for economic growth, but there’s not much evidence that it’s had a significant impact on the US economy so far,” said Neil Shearing, group chief economist at Capital Economics. “Business investment is the first place you would expect it to show up, but that’s been strong.” Exactly why the US growth has held up better than expected will take time to unravel. Meant...

Key Points The expected launch of a larger rocket could be a catalyst for major growth. Rocket Lab's smaller rocket should continue to gain share. Volatility is almost guaranteed with this stock. 10 stocks we like better than Rocket Lab › Many investors are captivated by the potential initial public offering (IPO) of Elon Musk's SpaceX at some point this year. For those interested in the space economy, already-public Rocket Lab (NASDAQ: RKLB) could be worth a closer look as a potential alternative to a SpaceX initial public offering, or as the beginning of a basket of space stocks within a diversified portfolio. Here are three predictions for Rocket Lab in 2026. Neutron will drive Rocket Lab stock The big news around Rocket Lab this year is the introduction of its Neutron rocket. This is the company's next-generation reusable rocket that is expected to debut in the first half of 2026. The Neutron is designed for deep space missions and will be able to return to the launch site after delivering its payload in space. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Recently, Rocket Lab announced a setback with its Neutron rocket when a tank ruptured during a qualification test. While it's reasonable to assume this could delay the initial launch schedule, the company has not confirmed this and stated it would share more details at its upcoming fourth-quarter 2025 earnings call. Rocket Lab's stock is down 16% since the announcement of the ruptured tank, demonstrating how much of Rocket Lab's expectations are tied to a successful launch of the Neutron rocket. Electron will continue to grow revenue and contracts While much of the attention is around the upcoming Neutron debut, the company's smaller rocket, the Electron, continues to launch missions successfully. The Electron has had 81 launches to date and has successfully deployed nearly 250 satellites. Rocket Lab uses the Electron to h...

Energy companies like Dominion are literally powering the artificial intelligence boom. In recent years, plenty of investors have added more and more tech stocks to their portfolios in their efforts to profit from the artificial intelligence (AI) boom. But chipmakers, hyperscalers, and AI software purveyors aren't the only investment options for those looking to benefit from this trend. As big tech companies build out massive data centers, they need huge dedicated supplies of electricity to power them. Because of that, many electric utility stocks are well positioned to profit. Dominion Energy (D +0.26%) ranks as one of the best electric utility stocks one can buy now, particularly if the AI infrastructure boom continues at its current torrid pace. Expand NYSE : D Dominion Energy Today's Change ( 0.26 %) $ 0.16 Current Price $ 62.49 Key Data Points Market Cap $53B Day's Range $ 62.08 - $ 62.75 52wk Range $ 48.07 - $ 62.91 Volume 19K Avg Vol 6.2M Gross Margin 56.59 % Dividend Yield 4.28 % Dominion's core market includes "Data Center Alley" According to the Virginia Economic Development Partnership, the state of Virginia is home to more than 35% of all known hyperscale data centers worldwide. And Dominion Energy helps power those data centers. Northern Virginia's Loudoun County is known as "Data Center Alley," home to digital infrastructure that supports more than 3,500 technology companies. Arlington, Virginia, was also where the Department of Defense first developed ARPANET (the precursor to the modern internet) in the late 1960s. That gave the region a head start on building out the fiber networks that serve as the foundation of the internet today. Its position as an electric utility serving a market that's already a data center capital could give Dominion Energy a competitive advantage from here -- and make it a good investment choice in the AI energy trade. Dominion Energy's business is driven by data centers More than most electrical utilities, Dominion Energy h...

Immigration: Sovereignty vs. Liberty Few issues contribute to the culture war today more sharply than immigration. Minnesota has proved that… Are certain cultures compatible with the US? Does the government need to “protect jobs” of American workers? Or can business owners hire whomever they wish? Can free people travel wherever they want to? Tonight at 7pm ET , ZeroHedge hosts a debate between two think tanks: the Reaganite Heritage Foundation vs the libertarian Cato Institute on those questions. 🚨 CHAOS IN LA RIGHT NOW 🚨 Drone footage shows thousands of rioters completely overrunning the ICE detention center in downtown Los Angeles. Barriers smashed, crowds surging forward, property trashed — and police nowhere to be seen. Newsom and Bass are letting this happen on… pic.twitter.com/YHpayFqyo6 — Billy Lee (@billyboblee310) January 31, 2026 Joining will be Simon Hankinson ( Heritage) and David Bier (Cato), representing two fundamentally different frameworks for understanding immigration policy, Bier supporting open borders while Hankinson believes we must go even further than “net zero immigration”, meaning more immigrants must leave the continental US than are admitted each year. Hankinson argues that immigration is not merely an economic question but a sovereign one—insisting that borders, citizenship, and democratic legitimacy require firm limits, credible enforcement, and cultural cohesion. He contends that without control, immigration policy becomes an elite-driven project imposed on the public rather than a consensual national choice. Bier, by contrast, approaches immigration from a freedom-of-movement perspective centered on individual liberty and market efficiency. He argues that restrictive legal pathways fuel illegal crossings, empower criminal networks, and undermine the rule of law, while expanded legal migration would reduce chaos and align policy with economic reality. The debate will explore: The morality of immigration. Historical examples where ethn...

Liam Rosenior has accused Arsenal of disrespecting Chelsea by disrupting their warm-up before the second leg of their Carabao Cup semi-final. Television cameras caught Chelsea’s head coach losing his cool and aiming a foul-mouthed outburst at an unidentified member of Arsenal staff for straying into the wrong half of the pitch before the sides met at the Emirates Stadium on Tuesday. Rosenior, who was seen telling someone to stay in their half, looked livid at the time and said on Thursday that there were “certain etiquettes in football” to observe, after being asked why the incident angered him so much. “It wasn’t the [Arsenal] players,” the 41-year-old said. “I’m respectful. When you warm up, you have your half, the other team have their half. I’ve never asked my team or my coaches to encroach on the opposition’s territory. In that moment, I didn’t think it was right where they were operating. “They were affecting my lads’ warm-up and my staff’s warm-up. So I asked them, maybe not politely, to make sure they stay in their half. I’m not here to have mind games. It’s just what I think is right and respectful. Hopefully, we respect that and other teams do too. “There are certain etiquettes in football. I always try and be as respectful as possible. I always want to win. I’ve never asked my coaches. I don’t have an issue with anyone at Arsenal Football Club. A fantastic manager, Mikel Arteta, I’ve got so much respect for. It was just in that moment, I didn’t think that respect was shown to my team.” Arsenal reached the final after a late Kai Havertz goal sealed a 4-2 win on aggregate. Chelsea were criticised for their cautious approach but were without a host of key players. Rosenior said that Cole Palmer, who came on in the second half against Arsenal, was ready to play 90 minutes when Chelsea visit Wolves in the Premier League on Saturday. It is unclear whether Pedro Neto and Reece James will return from minor knocks. Jamie Gittens is sidelined with a torn hamstring.

Source: Bloomberg, 4:05

Rio Tinto Plc and Glencore Plc are poised to walk away from a merger, according to people familiar with the matter. The mining companies are likely to announce the decision on Thursday, the people said.

Nvidia (NVDA) will not release a new gaming graphics chip this year because of a global memory-chip Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles.

AMD Q4 FY 2025: Record Data Center And Client Momentum Analyst(s): Futurum Research Publication Date: February 5, 2026 AMD closed FY 2025 with strong data center and client execution, underscored by broad EPYC adoption, Instinct GPU traction, and an expanding AI software stack. Management outlined a 2H FY 2026 inflection as MI450 and Helios rack-scale systems enter volume and server CPUs continue to outgrow the market. What is Covered in this Article: AMD’s Q4 FY 2025 financial results Data center AI ramp and MI450/Helios EPYC share gains and cloud instances Client AI PC and gaming outlook Guidance and Final Thoughts The News: Advanced Micro Devices (NASDAQ: AMD) reported record Q4 FY 2025 revenue of $10.3B, up 34% year-on-year (YoY), versus consensus of $9.7B; importantly, the revenue beat would have held even excluding the $390M in China-related MI308 sales that were not included in Q4 guidance. By segment, Data Center revenue was $5.4B (+39% YoY), Client revenue was $3.1B (+34% YoY), Gaming revenue was $843M (+50% YoY), and Embedded revenue was $950M (+2.9% YoY). Non-GAAP operating income was $2.9B (+41% YoY), with a non-GAAP operating margin of 28% versus 26% a year ago. Non-GAAP net income was $2.5B (+42% YoY) and non-GAAP diluted EPS was $1.53 as compared to $1.09 in Q4 FY 2024. “2025 was a defining year for AMD, with record revenue and earnings driven by strong execution and broad-based demand for our high-performance and AI platforms,” said Dr. Lisa Su, AMD chair and CEO. “We are entering 2026 with strong momentum across our business, led by accelerating adoption of our high-performance EPYC and Ryzen CPUs and the rapid scaling of our data center AI franchise.” AMD Q4 FY 2025: Record Data Center And Client Momentum Analyst Take: AMD exits FY 2025 with a clear data center growth vector on both CPUs and GPUs, reinforced by an expanded AI software ecosystem and rack-scale systems strategy. The company’s server CPU order book strengthened into early FY 2026, whi...

文章提及标的 力拓 -- 力拓（RIO）、嘉能可据称已决定不推进合并事宜。(财联社)

嘉能可股价跌幅扩大至10%，力拓跌1.7%，报道称双方决定放弃合并努力。 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何意见、观点或结论是否符合其特定状况。据此投资，责任自负。

格隆汇2月5日｜力拓、嘉能可据称已决定不推进合并事宜。