今日，Meta发布四季度财报。财报发布后，Meta首席执行官马克•扎克伯格（Mark Zuckerberg）、首席财务官苏珊•李（Susan Li）等高管召开了分析师电话会议，回答了相关业务的问题。 详见： META第四季度营收同比增长24% 盘后涨超7% 以下是电话会议实录： 摩根士丹利 分析师Brian Nowak： 我的第一个问题想问马克。 马克，从长期来看，对于公司的各项投资、个人智能服务以及近期刚刚公布的Meta Compute项目，能否请您与我们分享一下，您如何看待未来三年、五年、十年，上述这些投资机遇将为公司带来怎样的收入增长？资本回报率（ROIC）会如何？ 苏珊，我的第二个问题着眼短期。对于2026年，我知道你们在推荐算法、变现效率上有很多优化与改进。但能否请您为我们梳理一下，管理层认为在2026年公司的收入变化里，最主要的2 – 3个驱动因素是什么？ 马克•扎克伯格： 我先从你的第一个问题讲起。 不过在回答大家的问题前我必须先说明，对于这次电话会中你们提出的很多问题，我的回答可能不会非常详细或完全令大家满意，因为Meta目前正处在一个有趣的阶段——我们正在重建公司的AI战略，目前已经进行了大约六个月，我对总体进展还是比较满意的。在接下来的几个月里，我们将推出一系列前期模型、产品和业务，届时我也会与大家分享更多细节。 所以，我想先从宏观上与大家分享我们的业务。但事先说明，很多内容不会特别具体。不过随着相关产品和业务的推出，我想一切肯定会非常令人兴奋。 业务主题方面。我们目前关注的有几个主要业务机会，其中之一就是优化核心产品、加速现有业务的发展。我之前曾提到，我始终认为，将推荐系统与大型语言模型（LLM）相结合将有效提升用户体验和广告体验的质量。未来，我们会看到内容生成能力、内容质量的提升，加上推荐系统的改进，我们预计这将从整体上加速我们核心业务的质量和效果，无论是对于平台用户还是我们的企业用户，他们的产品使用体验都会大幅提升。 我相信这会为我们带来复合效应。此外，我相信还会出现许多新的商业机会。目前对于Meta AI，其实我们已经推进了一段时间。大家可以看到类似产品在行业内是如何实现变现的。随着我们将技术逐步推向我们期望的规模和深度时，我们相信诸如订阅、广告等各类变现机遇也会逐步显现。 此外，我还很看好购物和电商领域的机会。在之前简报中我也略微提及。...

1月29日，白酒股强势反弹，鹏华酒ETF涨停，贵州茅台股价重返1400元。有网友在雪球问是不是段永平买上去的，段永平表示：“今天真没买。”不过，1月29日更早些时候，段永平透露，这两天用中国神华换了些贵州茅台。 除了白酒股大涨以外，大消费板块整体表现较为抢眼，多只食品饮料ETF涨幅也超过7%。站在当前时点看，消费板块后续机会如何 段永平：今天真没买 在长时间股价低迷后，1月29日，贵州茅台股价罕见大涨8.61%。 针对网友提问，段永平回应称：“今天真没买，一看涨了很多就跑来看雪球了。” 虽然表示“今天真没买”，不过段永平更早些时候透露，这两天用中国神华换了些贵州茅台。 近期，段永平频频谈及贵州茅台。今天他再次表示，i茅台可以解决渠道问题。他此前曾强调，i茅台至少基本解决了两个问题：一是解决了假酒问题，这个释放的购买力是难以想象的；二是价格高企问题，这个释放的购买力也是巨大的。 段永平曾多次分享自己的投资理念，他经常强调不要想着赚快钱。这在很多人看来，是因为段永平有钱，所以才不需要赚快钱。但在段永平看来，赚快钱非常难，很多人并没有这方面的能力，所以“知其不可为很重要”。 “其实我也想挣快钱，谁不想赚快钱？但是，知其不可为很重要，还是要踏踏实实做该做的事情。”段永平说，不管是“股神”巴菲特还是查理·芒格，投资做得好的人其实都很“慢”，大家并不在乎失去一些机会，最重要的是不要去“踩雷”。 消费领域机会如何？ 1月29日，除了白酒股大涨以外，大消费板块整体表现较为抢眼。华安食品饮料ETF、华夏食品饮料ETF、广发消费ETF、华宝食品饮料ETF等涨幅均超过7%。 从过去几个月来看，消费板块持续震荡下行。但从基金经理的动向看，他们似乎已经看到了其中的投资价值。 富国基金经理周文波表示，除了白酒龙头外，去年四季度还增加了对白电龙头和保险龙头股的配置。此外，免税、酒旅、航空等行业有些积极变化，将保持积极关注。 “在当前这轮市场上涨行情中，消费板块是为数不多还没有起来的板块。当前必选消费板块的估值已回落至历史低位。”嘉实基金表示，白酒板块现在还可能处于“去库存、稳价盘”的阵痛期，报表加速出清。虽然短期缺乏强催化，但随着库存消化，下半年或将走出底部。 在汇添富基金经理周晗看来，消费板块估值持续回落，总体估值处于历史低位，投资者对消费行业的长期前景普遍持谨慎甚至悲观态度，然而转机正在显现...

Investing.com -- Nvidia’s recent share weakness is puzzling given the strength of near-term expectations, according to Morgan Stanley, which says investors are asking why the stock has lagged despite a “very robust AI environment.” Morgan Stanley analyst Joseph Moore said they have been “somewhat surprised at Nvidia's underperformance YTD after a weak close to 2025,” noting that one of the most common investor questions has been what is driving the pullback and how those overhangs will be resolved in 2026. The firm stated that its “checks remain very strong, and getting stronger,” and highlighted that bullish earnings assumptions are already widespread. Morgan Stanley is hearing “references to $9+ in earnings power this year, vs. consensus $7.75,” making near-term upside “highly likely.” The bank argued that several concerns weighing on sentiment are overstated. It said “the number of AI beneficiaries are broadening out” as demand surges and supply shortages spread across the sector. Some investors are also focused on financing for frontier model developers and “NVIDIA's role in that financing,” which Morgan Stanley stated requires “some adjustment.” Concerns around competitive dynamics with ASICs and AMD persist but are “overblown,” the firm believes. A key catalyst, according to Morgan Stanley, will be the upcoming Vera Rubin platform, which should offer a “strong demonstration of NVIDIA's leadership” and help address share concerns. “The bottom line is that we see the stock outperforming from here,” Moore wrote, adding that Nvidia still faces a “wall of worry to climb” but is positioned to move past it. Related articles Nvidia stock: Morgan Stanley explains what it will take for shares to outperform Gold may hit $5,000/oz in 1H'26 - HSBC HSBC raises silver price forecasts as market tightness persists

格隆汇1月29日｜奥本海默：将IBM(IBM.US)目标股价从360美元上调至380美元。

India's BPCL to open Singapore trading desk, expand crude, LNG, fuels trade Reuters

Hollencrest Capital Management grew its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 125.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,216 shares of the semiconductor company's stock after purchasing an additional 2,901 shares during the quarter. Hollencrest Capital Management's holdings in Taiwan Semiconductor Manufacturing were worth $1,457,000 as of its most recent filing with the Securities and Exchange Commission. Other hedge funds and other institutional investors have also made changes to their positions in the company. Heartwood Wealth Advisors LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the third quarter worth approximately $32,000. Resources Management Corp CT ADV purchased a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter worth $32,000. Mid American Wealth Advisory Group Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at $33,000. First Command Advisory Services Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 174.1% during the second quarter. First Command Advisory Services Inc. now owns 159 shares of the semiconductor company's stock worth $36,000 after buying an additional 101 shares during the period. Finally, Fairman Group LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 171.2% during the third quarter. Fairman Group LLC now owns 141 shares of the semiconductor company's stock worth $39,000 after buying an additional 89 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock. Get TSM alerts: Sign Up Taiwan Semiconductor Manufacturing Stock Performance TSM opened at $342.18 on Thursday. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $134.25 and a 1-year high...

watch now VIDEO 6:16 06:16 After ICE violence, CEOs face the risks of speaking out against Trump Markets and Politics Digital Original Video The fatal shooting this weekend of a second American citizen by federal immigration agents in Minnesota has forced corporate leaders to do something they've rarely done since President Donald Trump returned to office last year: publicly disagree with his policies. For months, executives have kept quiet as the Trump administration expanded its sprawling immigration crackdown. The Department of Homeland Security in recent weeks has sent thousands of U.S. Immigration and Customs Enforcement and Border Patrol agents into Minnesota, leading to violent clashes with protestors. It wasn't until the Jan. 24 killing of intensive care unit nurse Alex Pretti by federal agents that more CEOs started to break their year of near silence on the president's actions. The following day, dozens of executives from Minnesota-based corporations co-signed a letter calling for an " immediate de-escalation " in the state. Even then, it was clear the business leaders were treading carefully — they didn't mention the name of the shooting victim, the president by name or his policies. Instead of speaking out individually, they published the message as a group. The reluctance of business leaders — among the most powerful and wealthiest Americans — to explicitly speak out against the president's policies illustrates how Trump has used his power during his second term. Trump has sued media companies, law firms, universities and banks, and he has threatened corporations with regulatory scrutiny and the review of lucrative government contracts. "They don't want to speak out alone because they are afraid," Jeffrey Sonnenfeld , a Yale School of Management professor, told CNBC. "They know that they will be shaken down, coerced, intimidated [by the administration]. Retaliatory gestures are quite severe." In subzero temperatures, demonstrators marched in downtown Mi...

Key Points AI could make it faster and easier to develop drugs. Eli Lilly is looking to lead this transformation. There are many additional reasons to invest in the stock. 10 stocks we like better than Eli Lilly › Artificial intelligence (AI) is impacting, and will eventually impact, nearly every sector and industry, including pharmaceuticals. Companies are already using AI to speed up drug discovery. But how long will it take to have a significant impact on the market? According to some projections, within five years, the U.S. Food and Drug Administration (FDA) will approve the first drug developed using AI. And by 2030, more than 50% of new medicines approved will have been developed with AI assistance. The companies at the forefront of this transformation could see their profits and stock prices soar. But which is the top stock to consider to cash in on this opportunity? In my view, the answer is Eli Lilly (NYSE: LLY). Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » Eli Lilly is hard at work The point of AI-driven drug discovery isn't that the technology will magically uncover new miracle drugs. The impact will likely be more modest, but also meaningful. Going from early-stage discovery to human clinical trials to approvals takes years, sometimes over a decade, plus hundreds of millions of dollars of investment and plenty of failures along the way. If AI can help reduce the failure rate and the time spent across the various phases of development by even 5%, that will cut research and development (R&D) costs, raise margins, boost profits, and lead to lower-cost drugs. Everyone wins. Over the past year, Eli Lilly has accelerated its AI-related efforts. The company is building what will become the pharmaceutical industry's most powerful AI supercomputer, with the assistance of Nvidia (NASDAQ: NVDA). While other companies ahead of the pharmaceutic...

今年伊始，欧洲地缘政治局势动荡不安，欧洲央行很可能继续着眼于全局而非细节。这意味着它可能不会太在意近期与格陵兰岛相关的美欧贸易争端、通胀率略低于2%的目标以及欧元升值等问题。 然而，事态发展凸显出经济前景面临的下行风险正在积聚。即便如此，欧洲央行在2月4—5日会议后也不太可能通过鹰派言论火上浇油。 美国总统特朗普威胁对部分欧洲国家征收关税所带来的经济影响可能有限。我们的欧盟贸易政策不确定性指数已回吐了1月份涨幅的一半左右。 去年12月，欧元区整体HICP通胀率从11月的2.1%放缓至1.9%。机构预计1月将再降0.1个百分点。 按贸易加权计算，欧元目前比2025年第一季度平均水平高出约7%。若进一步升值，将加剧利率前景的下行风险。 机构研究的内部央行情绪模型ECBspeak Index仍接近中性水平，表明管理委员会在可预见的未来可能维持利率不变。 “作为央行决策者和经济学家，我们的职责是区分信号和噪音。”欧洲央行行长拉加德1月23日在达沃斯论坛如是说。自去年12月18日上次会议以来，市场充斥着大量噪音，却鲜有新的信号。特朗普虽更强烈地表达了吞并格陵兰岛的意愿，但已收回动用武力及对反对其计划的欧洲国家征收额外关税的威胁。 这些威胁一度导致我们的贸易政策不确定性指数飙升，但此后已显著回落。欧元区综合PMI调查显示，尽管面临美国征收关税，欧元区经济仍保持稳定，近期不确定性激增对经济的影响有限。调查期或许未能完全反映这一趋势，但可能已经体现了其中的很大一部分。 自上次会议以来，最大的进展可能是12月通胀率下降0.2个百分点。我们预计在管理委员会为期两天会议当天发布的数据将显示价格涨幅进一步放缓0.1个百分点，低于欧洲央行2%的目标。 因预期服务业通胀回落速度将放缓，欧洲央行工作人员在去年12月上调了大部分通胀预测。管理委员会多数成员或将以此为由维持利率不变。尽管比通胀目标低0.1个百分点不足以引发委员会内部激烈争论，但若通胀持续低于2%，12月提出的政策论调将难以持续。 我们将重点关注会后声明的风险评估部分是否出现反映通胀前景担忧加剧的迹象。去年12月关于价格稳定威胁的表述略显鹰派，增加了“工资压力减缓步伐放慢”作为上行风险因素。 在去年最后一次会议上，对GDP增长风险的描述与之前一次会议后基本一致。唯一显著的变化是提到了地缘政治紧张局势缓解和贸易争端解决可能对经济增长起到...

通信 系统对人造卫星来说至关重要，但其平均寿命仅有数年。这是因为太空充满着宇宙射线的“枪林弹雨”，会造成通信系统使用的 半导体 电子 器件性能损伤。 为应对这一问题，复旦大学周鹏、马顺利团队成功研发“青鸟”原子层半导体抗辐射射频通信系统（以下简称“青鸟”系统），不仅将 卫星通信 系统的理论在轨寿命延长到271年，也把能耗降低到传统方案的五分之一，重量更是“瘦身”到原来的十分之一左右，并有望将人造卫星的使用年限由3年左右提升至20—30年。 “青鸟”系统使用的4英寸原子层半导体抗辐射射频通信芯片。图片来源：复旦大学 近期，“青鸟”系统依托“复旦一号”卫星平台进入太空，在国际上首次实现了二维电子器件与系统的“超长寿命”“超低功耗”实地在轨验证。 北京 时间1月29日凌晨，《自然》在线发表了该成果。 周鹏教授介绍，传统的半导体器件想要在太空中正常使用，要么增加半导体的部件，例如把原先的一个部件增加到十个，即使一个坏了，还有九个可以继续工作。要么就是给半导体加一个金属材质的保护壳，将宇宙射线的粒子尽可能挡在外面。但这两种方案都未能提升器件本身的抗辐射性能，不仅“治标不治本”，还会大幅增加重量、体积，为航天卫星“寸土寸金”且极其有限的载荷空间带来极大负担。 “青鸟”系统采用的原子层半导体巧妙地解决了这个问题。所谓原子层半导体，指的是将半导体原子在二维平面上进行排布，形成只有一个或几个原子厚度的单层膜。当宇宙射线的粒子射向这层膜时，就像光穿过一层超薄的 玻璃 ，几乎不会影响到这层膜本身。这层只有0.68纳米厚度的膜不仅本身重量超轻，也无需增加备份部件或是厚重的防护壳，还具有高度节能的特性，为常常依赖 太阳能 或有限星载 电池 的太空任务提供更多的能源保障。 马顺利副教授介绍，通过“复旦一号”，“青鸟”系统在距地球约517公里的低地轨道上，通过了现实考验，揭示了该系统在真实宇宙辐射环境下长期工作的稳定性与可靠性。“在轨运行9个月后，传输数据的错误率仍低于一亿分之一。”马顺利说。

VSE ( VSEC ), a provider of aftermarket distribution and repair services for the aviation industry, on Thursday said it would acquire Precision Aviation Group ( PAG ) for a total upfront consideration of about $2.025 billion in cash and equity. The deal consists of $1.75 billion in cash and about $275 million of equity consideration issued to GenNx, VSEC said. In addition, the company added that the agreement includes up to $125 million in additional contingent earnout consideration, payable in cash or equity consideration at VSE’s sole discretion, based on PAG’s 2026 adjusted EBITDA performance. VSEC’s shares rose over 2% in premarket trading on Thursday. Atlanta, Georgia-based PAG, which is a portfolio company of GenNx360 Capital Partners, was founded in 1996. It is a provider of maintenance, repair, and overhaul services, distribution, and supply chain solutions for the aviation sector. “This transformational transaction is expected to expand our scale significantly, increase our proprietary solutions content, and further strengthen our position as a mission-critical partner to aviation operators worldwide,” said VSEC CEO John Cuomo. PAG, which serves both commercial and defense end markets, expects to generate about $615 million of adjusted revenue for the fiscal year ended December 31, 2025. Precision Aviation Group’s adjusted EBITDA margin is expected to be immediately accretive to VSE’s consolidated Adjusted EBITDA margin, it said. The transaction is expected to close in the second quarter of 2026. VSEC also said it expects revenue of about $290M to $304M and operating income of about $27M to $34M for the fourth quarter. For fiscal year 2025, the company’s revenue is expected to range from about $1,101M to $1,115M, with operating income of about $84M to $91M. Consensus for fourth quarter and FY25 revenue are $283.34M and $1.09B. More on VSE VSE Corporation: M&A As An Aerospace Growth Engine VSE Corporation: High Valuation Coupled With Stock Dilution And Poor ...

步入2026年，随着头部厂商布局、产业链技术突破与升级，智能手机行业或将迎来折叠屏全民化、打破AI边界以及电池技术进步等变化，手机也会真正从“全能工具”向“智能伙伴”迈进。 折叠屏，从小众尝鲜到大众主流 2026年折叠屏手机销量将迎来爆发式增长，成为撬动市场换新的核心动力。IDC预测，受苹果今年首款折叠屏iPhone推动，全球折叠屏手机市场出货量同比增幅将达30%，而苹果凭品牌溢价，发布首年即拿下22%的市场份额，产值占比更是高达34%。 同时关键元件的价格下探和技术体验同步升级也是普及关键原因，国产OLED面板成本较三年前降低40%，在抵消存储上涨的不利因素后， 4000元档位折叠机型将批量出现，中端市场覆盖进一步完善，打破此前“万元机”的消费门槛。 三星UTG玻璃、OPPO钛合金铰链的优化，使折叠寿命稳定突破50万次，折痕肉眼几乎不可见，折叠态厚度逼近直板机，解决用户对便携性与耐用性的顾虑。 硬件升级，2nm制程落地 续航焦虑缓解 芯片制程迈入2nm时代，成为AI能力升级的核心支撑。台积电N2工艺于2026年正式量产，苹果、高通、联发科将陆续推出首款2nm旗舰SoC，三星更是提前发布Exynos 2600芯片，采用2nm环绕栅极工艺，性能较前代提升39%，NPU算力提速113%，可运行百亿参数AI模型。 据Counterpoint预测，2026年全球1/3的手机SoC将采用3nm及以下工艺，ASIC定制芯片渗透率达40%，针对AI、影像等场景精准调度算力。这意味着生成式AI、实时翻译、AI影像编辑等功能可在本地快速运行，既保障隐私安全，又摆脱网络依赖，让AI从辅助工具升级为协作伙伴。 硅碳负极材料全面普及，能量密度较2025年提升40%，8000mAh电池可控制在8.5mm厚度内，万毫安时电池或成为中端机型标配，就此告别一天多充。OPPO、小米等厂商更将循环寿命目标设定为2000次后容量仍保持80%以上。在电池技术更新的同时，快充技术同步优化，部分旗舰机型有望突破200W，实现20分钟满电，兼顾长续航与快补能需求。 图源：unsplash 应用边界，被AI打破 交互逻辑重构 2025年末豆包手机的出现，已经预示着AI不再是单纯的功能加持，而是深度融入手机设计底层、生态链路与场景体验，实现“形态适配AI，AI重构生态”。 iPhone搭载基于谷歌Gemini模型打...

watch now VIDEO 8:29 08:29 'More likely than not' U.S. will launch a strike on Iran, says Amos Hochstein Squawk Box Crude oil prices rose more than 2% on Thursday as President Donald Trump weighed military strikes on OPEC member Iran. U.S. crude rose $1.56, or 2.5%, to $64.77 per barrel. Global benchmark Brent was up $1.59, or 2.3%, to $69.99 per barrel. Multiple sources told Reuters that Trump is weighing targeted strikes on Iranian security forces and leaders to inspire anti-government protestors. The president wants to create conditions for regime change, two U.S. sources told Reuters. The Islamic Republic launched a security crackdown earlier this month to quell protests, leaving thousands dead. The oil market is monitoring whether the unrest in Iran and possible military intervention by the U.S. could lead to a disruption of crude supplies in the region. Trump has deployed the Abraham Lincoln Carrier Strike Group to the Middle East, warnings Iran on Wednesday that time is running out to make a deal on its nuclear program. The president threatened Tehran with larger strikes than the attack the U.S. launched last June, which targeted Iran's nuclear facilities. "The next attack will be far worse! Don't make that happen again," Trump said in a Truth Social post.

乌克兰总统泽连斯基去年拒绝到莫斯科谈判，并建议俄罗斯总统普京前往基辅。图为泽连斯基1月23日在达沃斯世界经济论坛发表讲话。 （法新社） 俄罗斯媒体报道，俄方再次邀请乌克兰总统泽连斯基到莫斯科会谈。 国际文传电讯社报道，克里姆林宫发言人佩斯科夫星期四（1月29日）重申对泽连斯基的邀请。 泽连斯基去年拒绝到莫斯科谈判的邀约，并建议俄罗斯总统普京前往基辅。 俄罗斯总统外交政策顾问乌沙科夫星期三（28日）说，普京和泽连斯基之间的任何会晤，都需要精心准备，并且要以取得成果为导向。 乌沙科夫表明，如果泽连斯基准备好举行这样的会晤，便可以访问莫斯科，他的人身安全会得到保障。 另据一名美国官员上周六（24日）告诉美国新闻网站Axios，华盛顿早前斡旋俄乌阿布扎比和平谈判后，普京和泽连斯基“非常接近”安排会晤。

近日，一纸诉状再次将欣旺达推上风口浪尖。 由LG新能源和松下组成的专利联盟“郁金香创新”，在韩国对欣旺达发起了专利侵权诉讼，主张欣旺达的锂离子电池电芯，以及为吉利汽车提供的在韩国畅销的混合动力SUV的电池包，侵犯了其电池授权计划中的一项专利KR10-1089135，该专利聚焦电极与电池隔膜的组合技术。 图/郁金香创新对欣旺达发起诉讼（AI翻译）来源/郁金香创新官网 新能源观截图 韩国贸易委员会已正式立案。 这不是第一次。 就在2025年，欣旺达因相同专利，在德国已遭遇三次败诉和销售禁令。 战火从欧洲蔓延至亚洲，一场针对性的全球专利围剿正在上演。 不过， 欣旺达表现得比较淡定，在回应“投资者”问询时表示，此次诉讼的对象为旗下山东吉利欣旺达合资公司，这一诉讼并不会影响到欣旺达在海外的布局。 事实上，欣旺达电芯最近的官司不断。比如吉利旗下威睿公司一纸诉状，向其索赔高达23.13亿元人民币，直指2021至2023年间供应的电芯存在严重质量问题。几乎同时，沃尔沃因高压电池缺陷在全球召回EX30车型的消息，再度将欣旺达置于舆论的聚光灯下。 专利与质量，海外与国内。内外交困、腹背受敌，欣旺达正站在两条战线的交叉火力点上，它真的能全身而退吗？ 1. 内外交困，韩国专利狙击+国内质量索赔 第一条战线在海外。 郁金香创新在韩国发起的诉讼，与其在德国的策略如出一辙：瞄准电池最核心的“心脏”与“防火墙”——也就是电极与隔膜的组合专利。 这项技术直接关乎电池的能量、安全和寿命，是动力电池领域难以绕开的壁垒。 郁金香创新是一家独立企业，专责建立并管理锂离子电池专利许可项目。总部设在欧洲电池制造中心匈牙利，致力于与采用锂电技术的企业合作，确保其生产运营可获郁金香强大专利组合的保护。 图/郁金香创新简介（AI翻译）来源/郁金香创新官网 新能源观截图 郁金香创新在韩国对欣旺达发起的诉讼，并不是普通诉讼，而是有计划的狙击。 LG和松下通过专利联盟筑起“技术堡垒”，任何想使用这些技术的企业，都必须支付高昂费用。欣旺达在德国三次败诉，已经证明了这座堡垒的坚固。 如今战火烧到韩国，意味着它在另一个关键市场也面临产品禁售的风险。其全球化道路，正被一道道专利高墙阻拦。 更棘手的是，这把火还烧到了客户身上，涉案电池搭载于吉利在韩国销售的混动SUV。 电池技术源头受挑战，整车的市场前景就充满变数。 这给正在出海的中...

AI漫剧很火，但入局其中的人，都赚到钱了吗？ 这并不是一个难回答的问题。 确实有人通过作品赚得了第一桶金。诸如市场流传的，10人团队、45天、200万元净利润的AI漫剧创富故事，刺激着每一位创业者的神经。 但更多的创作者却是，“赚钱是别人的，我什么也没有。” 不过，另一批人，却另辟蹊径、实打实尝到了这个行业的甜头。 和诸多AI赛道创业一样，在多数人还在摸索如何通过AI漫剧赚钱时，一个新的“教学产业链”也已经悄然形成，价值数千元的AI漫剧课程遍地开花。 一位AI创作者小石便对《听筒Tech（ID:tingtongtech）》笑言，“AI漫剧很火，但创作者还没赚到钱，卖课的人，反而先赚到了。” 创作者们没赚到钱，先花钱上课，这或许是每个新兴技术普及过程中必经的阶段。 当然，市场有需求，产业就会有供给，这无可厚非。但在更多的业内人士看来，每一位参与其中的人，都应该认识到，在AI技术日益普及的时代，工具的使用越来越简单，但真正有价值的创意和内容却越来越稀缺。 于AI漫剧而言，或许市场应该少一些“一夜暴富”的幻想，多一些对内容本质的尊重和探索。毕竟，技术只是手段，打动人心的永远只有好的故事。 花数千元“上课”的年轻人 “AI漫剧是时下正火的年轻人‘电子榨菜’，再不进场就晚了。” 这是自2025年下半年开始，00后小成感知到的最多的信息。这位自诩“在AI浪尖弄潮”的年轻人，在2025年年初，跟风学过AI绘画，“赚了一些钱。” 小成对此颇有成就感。AI绘画，是他在AI领域，赚的第一桶金。 AI漫剧火爆后，小成敏锐地抓取到了这一信息。2025年年中，小成刷到诸多AI漫剧，“短短几分钟的短视频，就有几千、上万的赞数，而且看日期，很多号都是短时间内快速跑出来的。” 在查阅AI漫剧的制作过程之后，小成更加心动。 据小成了解，现在的AI漫剧，是利用AI工具将小说、剧本或原创故事转化为漫画风格的视频内容。通过AI绘画、语音合成和自动剪辑技术，创作者可以在短时间内，制作出传统上需要专业团队数月才能完成的漫画动画作品。 另外，短视频平台对新内容的渴求，为这类作品提供了天然的传播土壤，诸多账号在短视频平台爆火。而言情、玄幻等题材的网文数量庞大，也为AI漫剧创作者，提供了几乎取之不尽的素材库。 综合考量之下，小成不想放过机遇。 但问题在于，小成并不是专业的微短剧从业者，也并不熟悉AIGC视频制作。于...

格隆汇1月29日｜据港交所文件，上海伯镭智能科技股份有限公司向港交所提交上市申请书。

Paragon Advisors LLC bought a new position in Astera Labs, Inc. (NASDAQ:ALAB - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 9,342 shares of the company's stock, valued at approximately $1,829,000. A number of other hedge funds have also recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. boosted its stake in Astera Labs by 7.0% in the third quarter. TD Waterhouse Canada Inc. now owns 16,434 shares of the company's stock valued at $2,946,000 after acquiring an additional 1,073 shares during the period. one8zero8 LLC bought a new position in Astera Labs in the 3rd quarter worth about $323,000. Mirae Asset Global Investments Co. Ltd. increased its position in Astera Labs by 16,543.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 196,560 shares of the company's stock valued at $38,486,000 after acquiring an additional 195,379 shares during the period. Federated Hermes Inc. raised its stake in Astera Labs by 91.9% during the 3rd quarter. Federated Hermes Inc. now owns 278,305 shares of the company's stock valued at $54,492,000 after acquiring an additional 133,305 shares in the last quarter. Finally, Truist Financial Corp grew its stake in shares of Astera Labs by 270.0% in the third quarter. Truist Financial Corp now owns 35,062 shares of the company's stock worth $6,865,000 after purchasing an additional 25,585 shares in the last quarter. Institutional investors and hedge funds own 60.47% of the company's stock. Get Astera Labs alerts: Sign Up Astera Labs Price Performance NASDAQ:ALAB opened at $167.90 on Thursday. Astera Labs, Inc. has a one year low of $47.13 and a one year high of $262.90. The company has a fifty day moving average price of $163.38 and a 200 day moving average price of $170.80. The stock has a market cap of $28.36 billion, a P/E ratio of 151.26, a PEG ratio of 2.33 and a beta of 1.50. Astera Labs...

凌晨，OpenAI 发布了新一代 AI 科研利器 Prism，该平台由 GPT-5.2 加持，供科学家们撰写和协作研究，即日起向所有拥有 ChatGPT 个人账户的用户免费开放。用华人 AI 创业者 Yuchen Jin 的话说，“每篇论文都将把 ChatGPT 列为合著者。” 而在昨日，OpenAI 副总裁、新成立的 OpenAI for Science 团队负责人 Kevin Weil 就在 X 上发文预热道，“我们的目标是赋予每位科学家 AI 超能力，让他们能做更多事情，让世界在 2030 年就能开展 2050 年的科学研究。” 自 ChatGPT 爆红面世后的三年里，OpenAI 的技术颠覆了日常生活中方方面面的行为模式。如今 OpenAI 正明确发力科研领域，面向科研人员布局。10 月，该公司宣布成立全新的 OpenAI for Science 团队，核心致力于探索其大语言模型（LLM）助力科研人员的路径，并优化旗下工具为科研人员提供支持。过去数月，社交媒体上涌现出大量相关内容，学术期刊也刊发了诸多研究成果，数学家、物理学家、生物学家等领域研究者纷纷撰文，讲述大语言模型、尤其是 GPT-5 如何助力他们取得新发现或是为他们指引方向，让他们找到原本可能错失的解决方案。 那么，OpenAI 为何选择此时入局？此番布局，究竟想要达成怎样的目标？发力科研领域，与该公司更宏大的使命如何契合？在这一领域，OpenAI 已然姗姗来迟。谷歌 DeepMind 早在数年前便已成立 AI-for-science 团队，打造了 AlphaFold、AlphaEvolve 等具有开创性的科学模型。2023 年，谷歌 DeepMind 的 CEO 兼联合创始人 Demis Hassabis 曾就该团队的情况在采访中表示，“这是我创立 DeepMind 的初衷。事实上，这也是我整个职业生涯深耕 AI 领域的原因。” 近日，Kevin Weil 在一次访谈中不仅正面回应了这些问题，还对当前模型的实际能力给出了比先前更为保守的评价：目前模型还达不到取得颠覆性新发现的水平，但倘若能让人不必把时间浪费在已经解决的问题上，也是对科研的一种加速。有意思的是，据其透露，一位 OpenAI 主动接触且开通了 GPT-5 付费服务的科研人员反馈，GPT-5 会犯一些低级错误，比人犯的错误更加愚蠢，不过...

Qualcomm and AMD are reportedly considering the integration of SOCAMM2 memory into their AI product lines to enhance memory capacity and speed. Following NVIDIA's "Vera" CPU , which features LPDDR5X memory on the SOCAMM factor, offering 1.2 TB/s of memory bandwidth and supporting up to 1.5 TB of LPDDR5X memory, Qualcomm and AMD aim to pursue a similar strategy to achieve high-speed, high-capacity AI systems. These systems require fast memory close to AI accelerators, and SOCAMM can complement the extensive HBM memory on the accelerators. It acts as a fast memory pool with sufficient capacity to store entire models in memory, reducing the need for data transfer to SSD flash storage.NVIDIA's SOCAMM approach involves surrounding the CPU with multiple SOCAMM modules, a strategy Qualcomm and AMD are expected to adopt in their AI solutions. AMD's Instinct MI accelerators, paired with EPYC CPUs, might be the next candidates for this integration, or AMD may develop a completely new system. Qualcomm already offers AI solutions like the AI200 and AI250 inference accelerators, which include up to 768 GB of LPDDR5 per card. These could soon be complemented by SOCAMM, allowing for standardized memory expansion based on the SOCAMM standard rather than soldering individual memory modules. This approach would enable manufacturers to offer various system versions and solutions by simply adding or removing SOCAMM modules, without the need for extensive PCB soldering work.

Surprisingly strong software growth sent IBM shares surging in early trade on Thursday.

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(RTTNews) - CIVISTA BANCSHARES, INC. (CIVB) revealed a profit for fourth quarter that Drops, from the same period last year The company's bottom line came in at $12.26 million, or $0.61 per share. This compares with $46.21 million, or $2.64 per share, last year. Excluding items, CIVISTA BANCSHARES, INC. reported adjusted earnings of $15.12 million or $0.75 per share for the period. The company's revenue for the period fell 74.8% to $55.74 million from $220.98 million last year. CIVISTA BANCSHARES, INC. earnings at a glance (GAAP) : -Earnings: $12.26 Mln. vs. $46.21 Mln. last year. -EPS: $0.61 vs. $2.64 last year. -Revenue: $55.74 Mln vs. $220.98 Mln last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

工业机器人上市潮，2026年仍然汹涌。 1月28日，高速机器人公司天津阿童木机器人股份有限公司（下称：阿童木机器人）在港交所递交招股书，拟根据18C章程（特专科技公司上市规则），在主板挂牌上市。 2025年9月，工业机器人上市潮曾迎来一波高峰：9月26日，优艾智合冲刺港股“移动操作机器人第一股”；9月28、29日，微亿智造、珞石机器人分别冲刺“工业具身智能机器人第一股”、“全系列智能机器人第一股”。 除极智嘉于2025年7月登陆港股外，据不完全统计，包括上述4家公司在内，共有迦智科技、卡诺普机器人、梅卡曼德机器人、快仓智能、斯坦德机器人、乐动机器人、仙工智能等，超10家工业机器人公司递表港交所。 相较于其他工业机器人公司，阿童木机器人的产品矩阵涵盖并联机器人、高速SCARA机器人、重载协作机器人、具身智能机器人四大系列。据弗若斯特沙利文的报告，该公司自2020年起连续5年位列并联机器人国内自主品牌市占率第一。 凭借于此，阿童木机器人自然吸引了诸多机构的多轮支持，国中资本、深创投、联想、海尔等均是其股东。 10年7轮融资、估值25亿，瓜子二手车杨浩涌大赚3327% 2013年1月，阿童木机器人的前身辰星（天津）自动化设备有限公司注册成立，专注于高速工业机器人研发，并实现在制药行业的首次商业化落地。 阿童木机器人由现年38岁的刘松涛创办，拥有机械工程硕士学位及机械设计制造及自动化与金融学双学士学位。作为公司的高级工程师和创始人，刘先生在智能制造领域拥有超过十年的经验，发表了多篇SCI和EI论文，深度参与了数个国家和省级重点项目，为阿童木机器人贡献了超过100项专利。 成立近两年半，阿童木机器人迎来了800万元天使轮融资，车好多集团CEO、瓜子二手车及毛豆新车网创始人、山行资本创始合伙人杨浩涌斥资666.67万元携手另外两人以个人投资者身份参与；随后在2016年10月和2017年8月的Pre-A轮融资中，宁波海达斥资1700万元、深创投斥资300万元、深创投关联方红土创客斥资756万元参与投资，其中，杨浩涌通过股权转让回笼资金600万元。 在2019年1月开始的A轮融资中，北航机器人研究所名誉所长、智友·雅瑞科创平台发起人、中关村智友研究院院长王田苗教授斥资120万元入股；他控制的宁波雅瑞合计向阿童木机器人投资840万元、北京雅瑞则斥资800万元，总投资达1760万元。 ...

(RTTNews) - Potomac Bancshares, Inc. (PTBS) revealed a profit for its fourth quarter that Increases, from the same period last year The company's earnings came in at $2.37 million, or $0.57 per share. This compares with $1.97 million, or $0.48 per share, last year. Excluding items, Potomac Bancshares, Inc. reported adjusted earnings of $2.17 million or $0.52 per share for the period. The company's revenue for the period rose 17.3% to $12.77 million from $10.89 million last year. Potomac Bancshares, Inc. earnings at a glance (GAAP) : -Earnings: $2.37 Mln. vs. $1.97 Mln. last year. -EPS: $0.57 vs. $0.48 last year. -Revenue: $12.77 Mln vs. $10.89 Mln last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Key Points Analysts have price targets as low as $140 and as high as $352 for Nvidia. The stock is trading for just 25 times forward earnings, but it could be even lower than that. With momentum pushing profit estimates higher, it's hard to bet against the bulls here. 10 stocks we like better than Nvidia › Analyst opinions on Nvidia (NASDAQ: NVDA) are like noses, and not just because everybody has one. Sometimes they run. Sometimes they're stuffy. Sometimes they just need to breathe. There are dozens of Wall Street pros following the country's most valuable company by market cap. Their near-term price targets are everywhere, like noses, I guess. Let's see what these analysts are banking on in terms of price targets. Then, let's pivot to why these near-term opinions might not matter. 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 » The price is right How high or low do analysts think Nvidia could go in the next 12 months? Equity research firm Evercore ISI has a Street-high target of $352, bumping it up from $261 back in November. At the bearish end of the spectrum, Seaport Global Securities is perched at $140. The goal was actually boosted from $100 two months ago. It's a world of extreme outcomes. If Evercore is right, there's 84% upside for Nvidia shareholders from its Monday close of $191.52. If Seaport scores, Nvidia stock would take a 27% hit. The median of all the analyst profit targets is $250, a reasonable 31% higher than where the undeniable leader of the artificial intelligence (AI) revolution stands today. These estimates are all over the map, and that's a good thing. Whether you're long or short Nvidia, you don't want the complacency of every Wall Street pro hovering around the same projections. Thankfully for those who own Nvidia, there's a good reason to believe that Nvidia could exceed even the rosiest of expectations. Beauty and the beat You know Nvidia is respected ...

据港交所文件：上海伯镭智能科技股份有限公司向港交所提交上市申请书。

US Treasuries fluctuated as investors looked ahead to jobs data for clues on the path of interest rates and surging commodity prices kindled concerns about sticky inflation. The yield on 30-year Treasuries was two basis points higher at 4.87% after rising three basis points earlier in the day. The 10-year government note was steady, leaving the yield at around 4.25%. Bonds are posting small moves after the Federal Reserve fueled speculation it’s in no hurry to ease. Officials said they would need to see greater confidence on inflation before considering cuts, pushing back against expectations for aggressive near-term easing. The potential for price growth to accelerate remains a concern as Brent crude futures hit $70 a barrel for the first time since September. US President Donald Trump warned Iran to make a nuclear deal or face military strikes. Inflation “will remain sticky and not disinflate from here,” said Kevin Flanagan, head of fixed income strategy at WisdomTree. “It’s fair to see at some stage 10-year yields back near 4.5% and the 30-year around 5%.”

Sundry Photography/iStock Editorial via Getty Images Shares of Lam Research ( LRCX ) rose about 4% premarket on Thursday after fiscal second quarter results and outlook surpassed estimates, drawing positive reactions from analysts. RBC Capital Markets kept its Outperform rating on Lam and raised the price target to $290 from $260, noting that strong wafer fabrication equipment, or WFE, and favorable technology transitions drove the company's solid outlook. "LRCX reported strong Dec-25Q results driven by healthy WFE environment and share gains. Management sees ~23% WFE growth in 2026, above our expectations, and believes that the company can continue to outgrow the market. While NAND spending remains lumpy, LRCX has made solid progress in Foundry and is benefiting from CoWoS/HBM [Chip-on-Wafer-on-Substrate/High Bandwidth Memory] strength," said analysts led by Srini Pajjuri. The analysts expect WFE momentum to sustain into 2027 on the back of generative AI, or GenAI, demand and extreme supply tightness in memory. Tech transitions such as MolyB, Backside Power, and 4F2 offer additional tailwinds, the analysts added. Morgan Stanley maintained its Equal-weight rating on Lam but increased the price target on the shares to $244 from $211. "We are in an unprecedented period for WFE, and LAM’s 2026 WFE guidance surpassed even bullish expectations. With multiple levers for outperformance, we expect LAM to continueexecuting across all fronts," said analysts led by Shane Brett. The analysts noted that Lam's earnings were not necessarily a surprise. However, the company’s forward-looking industry commentary significantly exceeded expectations. Lam guided to 2026 WFE growth of 23% (from $110B to $135B), driven by strength in DRAM and leading-edge logic. Brett and his team noted that this compares favorably with their prior WFE growth forecast of 16%. The analysts added that Lam's management also indicated that risk is skewed to the upside, noting that “basically every customer i...

当消费降级成为商业领域的高频关键词，百货商场关店潮、购物中心空置率攀升成为常态，奥特莱斯却走出了一条逆势上扬的曲线。 二十余年来，从最初引进时的模式到如今的规模扩容，即便历经三年疫情冲击，其发展势头依旧强劲，据中国百货商业协会发布的数据，2023年全国奥特莱斯整体销售额达2300亿元，同比增长9.5%。国内首支奥特莱斯公募REITs的落地更彰显其资产价值。 然而，在高速扩张的喧嚣中，一个值得深思的命题愈发凸显：如今的奥特莱斯，早已脱离了引进时“下架、断码、非当季品牌折扣店”的核心定义， 这种蜕变是适应市场的进化，还是迷失本质的错位？一哄而上的跟风潮背后，行业又该如何守住长期发展的根基？ 01 奥特莱斯本来的模样和国内发展进程 稍微回顾一下奥特莱斯的历史沿革，中国第一家奥特莱斯是2002年12月18日开业的北京燕莎奥特莱斯，其定义是销售“过季、断码、下架商品为主的折扣零售集合体”，以此开启中国奥特莱斯的元年和始点。 至2005-2006年奥特莱斯开始爆发，其龙头百联青浦奥特莱斯于2006年开业，是中国首家开放式奥特莱斯，自运营以来长期稳居全国奥特莱斯销售榜首。据中商联报告显示，该项目2025年实现销售额突破63亿元，连续14年蝉联全国第一，是国内奥特莱斯业态当之无愧的“头牌”。 奥特莱斯这个词是来自英文Outlets的音译，在原来的零售语境中指品牌方处理过剩、过季、瑕疵或专供商品的直销渠道。如果去过美国、欧洲、日本等地，你都可以看到至今仍保留这个定义，其特征是： ·商品来源：正价体系无法消化的库存(非当季、断码、微瑕)； ·定价逻辑：成本导向+清仓目的，通常3–5折； ·空间隔离：远离正价店(通常>50公里)，避免价格冲突； ·消费动机：目的性购物(冲着特定品牌尾货而来)。 此时，“Outlets=尾货出口”，是供应链末端的泄压阀，而非独立零售业态。 而国内奥特莱斯业态的发展，从定义上看，可以大致分为三个阶段。 第一阶段(2002–2010，基本忠于原意)： 自一开始，也是遵循这一商业定义的，其代表性商场北京燕莎奥特莱斯、上海青浦百联奥特莱斯就是如此运营的： ·主要招商对象为品牌代理商或工厂，销售真实尾货； ·折扣力度大，常见3–6折； ·选址郊区，如上海青浦、北京东四环外，强调“远离市中心”； ·消费者认知清晰：“去奥特莱斯买便宜的大牌”。 此阶段，“过季、断码、下...