在AIGC引发的全球算力军备竞赛中，寒武纪交出了一份堪称“炸裂”的2025年年度成绩单。这份财报不仅标志着寒武纪彻底走出了长期的亏损泥潭，更宣告了国产智能算力基础设施正式迈入规模化盈利的新纪元。 财报数据显示，寒武纪2025年实现营业收入64.97亿元，同比暴增453.21%；归属于上市公司股东的净利润达到20.59亿元（2024年亏损4.5亿元），实现历史性扭亏为盈，扣非后净利润仍有17.70亿元。 据寒武纪年报显示，章建平持仓增加40.84万股至681.49万股，占流通比例1.62%。寒武纪表示，首次实现盈利，公司A股股票将于2026年3月16日取消特别标识U，股票简称显示由“寒武纪-U”变更为“寒武纪”。 业绩狂飙背后：AIGC算力狂潮与商业化落地共振 寒武纪营收从2024年的11.74亿元跃升至2025年的64.97亿元，跨度之大在A股硬科技板块实属罕见。 从单季度数据来看，其Q2、Q3、Q4营收均稳定在17亿至18亿元的高位，说明其订单交付已进入常态化的高速运转期。 这一业绩爆发的根本驱动力在于大模型时代的算力焦虑。 公司核心业务为云端智能芯片及板卡、智能整机与智能计算集群系统。随着"思元"系列产品在运营商、金融、互联网等多个重点行业完成规模化部署，产品普适性与稳定性已通过客户严苛环境验证。开源生态的持续跟进则显著降低了客户迁移成本，加速了商业转化周期。 盈利质量：从"战略性亏损"到真实造血 三年的财务对比揭示了一条清晰的进化路径：2023年净亏损8.48亿元，2024年亏损缩窄至4.52亿元，2025年净利润20.59亿元。利润总额由-4.56亿元直接跳升至20.59亿元，这是业务体量跃迁而非成本优化所带来的规模效应释放。 研发投入占营收比例的变化颇具戏剧性：从2024年的91.30%骤降至2025年的17.99%，下降逾73个百分点。 这并非公司减少了研发投入的绝对额，而是分母——营收——急速扩大所致。对于芯片设计公司而言，高额前期研发成本一旦被规模营收所摊薄，杠杆效应将极为显著，寒武纪目前正处于这一"甜蜜期"的早中段。 章建平继续加仓，持仓市值近75亿元 公司治理层面，创始人陈天石持股28.35%，牢牢掌握第一大股东席位；北京中科算源资产管理有限公司（国有法人）以15.57%的持股位居第二，二者合计控制逾43%股份，在战略方向上形成"创始人主导、国资...

三家研究机构周四表示，只要伊朗战争推高的能源价格在未来数月内回落，今年德国经济仅会小幅放缓。 根据其12月的预测，Ifo经济研究所预计今年经济增长率为0.8%。该预测基于石油和天然气价格仅会短期保持高位的假设。该机构预计明年德国经济增长将加速至1.2%。 欧洲最大经济体在2025年实现了三年来首次扩张，随着消费者信心改善，增长了0.2%。政府支出的增加对此起到了推动作用。 冲击后的复苏 Ifo预测部门主管蒂莫·沃尔默斯豪泽表示，尽管受到能源价格冲击，德国经济复苏今年仍可能继续。他援引政府在基础设施和碳中和方面增加的支出作为刺激需求的因素。 Ifo预测，如果没有美国/以色列对伊朗的战争，2026年的预测本会高出1.0个百分点。该研究所表示，如果天然气和石油价格继续上涨，德国2026年GDP将仅增长0.6%，因为通胀率预计将达到略低于3%的峰值。这种影响将持续到2027年，届时增长率仅为0.8%。 大宗商品价格短期上涨 基尔世界经济研究所将其2026年12月的预测下调了0.2个百分点，至0.8%。他们假设大宗商品价格可能仅会高位运行几个月。基尔世界经济研究所将明年的增长预测从1.3%上调至1.4%。 莱茵-威斯特伐利亚经济研究所将其今年的预测下调了0.1个百分点，至0.9%，并将其2027年的展望下调了0.2个百分点，至1.2%。RWI预测部门负责人托尔斯滕·施密特表示，伊朗战争“表明德国由于其能源依赖而依然多么脆弱”。 所有三家机构都预计今年通胀率将至少上升2.5%，然后在2027年再次回落。 责任编辑：张俊 SF065

“宝马车型曾为车型配备L3级自动驾驶系统，但因该技术尚未达到商业化盈利水平，已暂时降低了L3级自动驾驶项目研发的优先级。”宝马集团全球CEO齐普策表示。 “宝马车型曾为车型配备L3级自动驾驶系统，但因该技术尚未达到商业化盈利水平，已暂时降低了L3级自动驾驶项目研发的优先级。”宝马集团全球CEO奥利弗·齐普策（Oliver Zipse）在2026财年会上表示，这并不代表宝马会放弃更高阶的自动驾驶技术研发，将持续关注自动驾驶技术发展趋势，一旦高阶自动驾驶技术出现可行的商业化模式，将立即推进相关研发工作。 此前，有消息称，宝马计划在今年4月份推出的7系改款车型中，取消此前搭载的L3级自动驾驶系统“Personal Pilot L3”，转而采用源自全新iX3的L2级驾驶辅助系统。现款7系于2023年11月引入L3系统，但因成本高昂（如德国选装价达6000欧元）、使用限制多（如仅限特定高速、限速60km/h）及用户接受度低，宝马决定放弃该技术。 齐普策称，宝马新世代车型将搭载新一代高级驾驶辅助系统，该系统可与驾驶员实现直观互动，其中高速脱手驾驶功能已按法规要求落地，支持最高130公里/小时的高速行驶。宝马采取区域本土化的自动驾驶研发合作策略，在欧洲和美国市场，其与高通携手聚焦L2及L2+级自动驾驶技术的研发与落地；在中国市场与Momenta深度合作，计划依托新世代车型落地端到端的L2+级自动驾驶功能。L2级驾驶辅助系统深受消费者认可、市场需求旺盛，核心原因是车辆搭载的各类传感器，不仅能支撑安全系统正常运行、满足相关法规要求，还能实现丰富的驾驶辅助功能。 未来，宝马将新世代技术全面导入全系产品线，2027年前将推出超40款全新或改款车型；2027年，BMW M品牌还将推出首款基于新世代平台、具备专业赛道能力的纯电动M车型。 宝马集团财报显示，2025年营收为1334.5亿欧元，同比下降6.3%；税前利润（EBT）达102.36亿欧元，同比下降6.7%；净利润达74.5亿欧元，同比下降3.0%。

格隆汇3月12日｜寒武纪(688256.SH)发布2025年年度报告，公司实现营业收入64.97亿元，同比增长453.21%；归属于上市公司股东的净利润20.59亿元，同比扭亏为盈。公司拟向全体股东每10股派发现金红利15.00元(含税)，以资本公积金向全体股东每10股转增4.9股。

美国1月营建许可初值 137.6万户，预期 141万户，前值 145.5万户。 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。

美国1月营建许可环比初值 -5.4%，预期 -3.1%，前值 4.8%。 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。

farres tariq/iStock via Getty Images Canada recorded a trade deficit of C$ 3.65B in January of 2026. More on Canada, FLCA: Warrants Broader Interest, But Wait For A Pullback Carney: Canada will defend allies “when it makes sense” in Iran conflict Canada’s inflation rate falls to 2.3% in January Seeking Alpha’s Quant Rating on Franklin FTSE Canada ETF Dividend scorecard for Franklin FTSE Canada ETF

Steven Major, global macro advisor at Tradition Dubai, says the global bond market seems to be pricing in a lot of stagflation risk. (Source: Bloomberg)

Iran’s Islamic Revolutionary Guard Corps (IRGC) has escalated its rhetoric. The IRGC-affiliated Tasnim news agency has published a list identifying offices tied to several major U.S. technology companies as potential targets, according to a report by Al Jazeera on Wednesday. The list names facilities linked to Alphabet Inc., Microsoft Corp., Palantir Technologies Inc., International Business Machines Corp., Nvidia Corp. and Oracle Corp., describing them as what it called "Iran's new targets." Don't Miss: Why These Tech Companies Were Named Tasnim described the companies’ technology as being used for military applications. “As the scope of the regional war expands to infrastructure war, the scope of Iran’s legitimate targets expands,” the agency stated. Advertisement Advertisement The listed infrastructure centers on cloud-based services. The war entered its 12th day on Wednesday, with Iran claiming U.S. and Israeli forces have bombed nearly 10,000 civilian sites and killed more than 1,300 civilians since hostilities began Feb. 28. Banks And Economic Hubs Now In Crosshairs Separately, the IRGC said it launched drones toward U.S. military bases in Bahrain, Saudi Arabia, the UAE, Kuwait and Erbil, Iraq. Trending: Before the IPO: How One Company Quietly Locked Up 500+ Iconic Character Rights A UK Maritime Trade Operations advisory confirmed a cargo ship was struck by an unknown projectile in the Strait of Hormuz, sparking a fire and forcing crew evacuation. Energy Shock Ripples Across Global Markets The physical toll on energy markets is already visible. Crude oil surged over 30% last week, briefly breaching $120 a barrel. As of Wednesday’s early New York session, WTI crude futures were up 2.06%, hovering around $85.17 per barrel, retreating from a 52-week high of $119.48. Advertisement Advertisement An Iranian drone attack forced the shutdown of Qatar’s Ras Laffan — the world’s largest natural gas export facility. European natural gas prices jumped 68% in a single week...

Google Maps is one of the company's core products, which means it hasn't escaped the shift to Gemini . There will be more opportunities to converse with a robot in Google Maps starting today, but there's also a new navigation experience on the way. The revamped navigation isn't as explicitly focused on the AI revolution, but Google stresses Gemini is still key to making it work. The latest AI shift in Maps is called Ask Maps, and you can probably guess what it does just from its title. Ask Maps is a Gemini-powered conversational system that can plan trips and answer complex questions about locations across the app's millions of cataloged points of interest. Ask Maps, Reservation Ask Maps, Reservation The new chatbot will be accessible via a button up near the search bar. You can ask it anything you're likely to find in Google Maps without jumping into another app. You can ask for directions, of course, but it can also plan out road trips and vacations from a single prompt. Ask Maps works like a chatbot, so it accepts follow-up prompts to refine and expand on its suggestions. Read full article Comments

格隆汇3月12日｜加拿大1月批发销售月率-1%，预期-0.6%，前值由2.00%修正为1.8%。

格隆汇3月12日｜美国1月新屋开工总数年化 148.7万户，预期134.8万户，前值由140.4万户修正为138.7万户。

美国至3月7日当周初请失业金人数21.3万人，预期21.5万人，前值由21.3万人修正为21.4万人 2026-03-12 20:30:26 来源： 同花顺7x24快讯 分享 美国至3月7日当周初请失业金人数21.3万人，预期21.5万人，前值由21.3万人修正为21.4万人。

2026年，餐饮行业的日子，依然不好过。 客流量被短视频和各种网红业态切割得支离破碎，价格战打到毛利见底，消费者既想要“手机先吃”的颜值，又想要“物超所值”的体验…… 重重高压之下，各大餐厅都开始调整经营策略，尤其在菜品方面：搭配越来越“怪”、样式越来越“花”、品类越来越“细”。 这些变化，看起来是对前端厨艺的挑战，但本质上，是对后端供应链的终极拷问。 往远里看，未来餐饮这行真正决定你能不能活下来的，其实是后端那套看不见的东西。 别不信！今天就跟你聊聊，我们看到的餐饮前端的三个变化，以及由此引发的后端连锁反应。 食材“乐高化” 打开现在的网红餐厅菜单，你会发现一个规律： 食材的边界正变得模糊。 黑虎虾给木姜子饵丝做浇头，街边小吃石屏豆腐和云南菌菇炒在一起，下饭的腌菜成了菲力牛排的点缀……乍一看是新奇的组合，细品又都是熟悉的味道。 还有去年下半年爆火的固体杨枝甘露和奶皮子糖葫芦，是把熟悉的味道装进了不同容器。 这类“混搭风”在年轻群体中接受度很高。背后的逻辑很简单： 消费者既想要“手机先吃”的颜值，又想要“物超所值”的体验。 他们追求新鲜感，但又不太能接受完全的陌生——最好是在熟悉的食材上，玩出陌生的花样。 这也迫使餐厅必须进行高频次的菜单微创新，不是全盘推倒重来，而是稍微调换食材元素，叠加市场验证过的口味，从而碰撞出新意。就像玩乐高一样，用已有的积木，拼出新的造型。 说起来容易，但真要操作起来， 其实是对供应链的考验。 餐厅需要高频次的菜单微创新，后厨的人力和能力能不能跟得上就是一大难题。餐厅不可能让厨师天天琢磨新菜，更不可能为了一个新品重新搭一条供应链。 真正管用的，是手里有几款“高适配性、强可塑性”的食材基座。 它们能和绝大部分风味搭在一起，快速拼出新品。 比如，薯条。它本身没有强烈的地域属性，市场接受度颇高，餐厅可以利用其搭配原有菜品、风味，创造出一些新式菜品。 大连红脸蛋小食堂去年夏天推出一道冬阴功薯条，就是以薯条为底，淋上自制冬阴功酱和冬阴功粉，取名“泰兰德的夏天”，有颜又别致；山东日照的新中式餐厅AT FIRST，也推出了“薯条辣子鸡”，薯条的脆和鸡肉的嫩碰撞在一起，既解辣又丰富了口感；贵州菜品牌“慢山”，把薯条和麻婆豆腐放在一起，以麻辣的滋味和酥脆的口感获得年轻人的喜爱…… 对于绝大部分餐厅而言，选用直薯条来创新菜品是最简单的做法，像蓝威斯顿有一款 3...

美国3月7日当周首次申请失业救济人数 21.3万人，预期 21.5万人，前值 21.3万人。 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。

寒武纪（688256）公告，2025年营业收入64.97亿元，同比增长453.21%。净利润20.59亿元，上年同期亏损4.52亿元。公司第三届董事会第三次会议审议通过了《关于2025年度利润分配及资本公积金转增股本方案的议案》，向全体股东每10股派发现金红利15元(含税)，同时每10股转增4.9股。

美国2月28日当周续请失业救济人数 185万人，预期 184.9万人，前值 186.8万人。 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。

Swire Properties reported stronger underlying earnings in 2025, as the Hong Kong developer stepped up asset disposals and expanded its mainland China retail portfolio, though weakness in the city’s office market dragged the company into a headline loss. Underlying profit rose 27 per cent to HK$8.62 billion (US$1.1 billion), driven largely by gains from the disposal of noncore assets including the Brickell City Centre retail mall in Miami and several properties in Hong Kong, according to the company’s full-year results released on Thursday. Revenue increased 11 per cent to HK$16.04 billion, while recurring underlying profit – a key measure of rental income – slipped 3 per cent to HK$6.26 billion amid softer office rents in Hong Kong. Advertisement CEO Tim Blackburn said 2025 remained “another challenging year for our industry”. The developer booked HK$7.72 billion in fair-value losses on investment properties during the year – equivalent to roughly 90 per cent of its underlying earnings – contributing to a reported net loss of HK$1.53 billion. Advertisement The change in property valuations was non-cash in nature and did not affect operating cash flow.

The escalating crisis around Iran is doing more than just shaking global energy markets . It is constricting the arteries of Asian growth. A massive share of the oil and liquefied natural gas (LNG) that powers Asian economies passes through the Strait of Hormuz. When tensions rise around this narrow waterway, economic shock waves travel quickly across the region, exposing a development model whose foundations remain dangerously outside Asia’s strategic control. Japan and South Korea, both heavily reliant on crude shipments passing through the strait, have already seen financial markets react sharply as investors weigh the risks of higher energy costs for manufacturing and export industries. While somewhat buffered by its large strategic oil reserves and LNG inventories, China has moved to halt refined fuel exports to safeguard domestic supply. Advertisement In Southeast Asia, import-dependent economies such as Singapore, Thailand, the Philippines and Vietnam face rising inflationary pressure as higher fuel prices ripple through energy bills, transport costs and industrial supply chains. Meanwhile, the crisis has triggered renewed calls to accelerate renewable energy deployment . The logic is straightforward: home-grown wind and solar reduce dependence on imported fuels and strengthen energy security. However, the transition is far more complex than simply replacing one energy source with another. 04:04 How US-Israeli strikes on Iran are sending shock waves through global energy markets How US-Israeli strikes on Iran are sending shock waves through global energy markets In Asia’s manufacturing hubs, crude oil is not just a fuel – it is the hidden ingredient of modern life. It is processed into the plastics and insulators inside smartphones and laptops, the synthetic polyester in our clothing and the lightweight resins used to build TVs and household appliances.

美国1月新屋开工 148.7万户，预期 134.1万户，前值 140.4万户。 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。

美国1月贸易帐 -545亿美元，预期 -660亿美元，前值 -703亿美元。 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。

美国1月新屋开工环比 7.2%，预期 -4.5%，前值 6.2%。 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。

In this article GOOGL Follow your favorite stocks CREATE FREE ACCOUNT Google Maps' Go tab. Todd Haselton | CNBC Google is adding its Gemini AI technology to a new feature in its maps app, as the company pushes its artificial intelligence tools deeper into its expansive product portfolio. The new button called "Ask Maps" will feature a chatbot that allows users to ask complex questions outside of the typical navigation topics, Miriam Daniel, a vice president at Google Maps, said in a blog post Thursday. Users can now ask questions like, "My phone is dying — where can I charge it without having to wait in a long line for coffee?" or "Is there a public tennis court with lights on that I can play at tonight?" The results are personalized based on prior searches and saved trips in Google Maps, "making it easy to turn plans into action," the company said. "Google Maps is fundamentally changing what a map can do," the company said in the blog post. "By bringing together the world's freshest map with our most capable Gemini models, we're transforming exploration into a simple conversation and making driving more intuitive than ever with our biggest navigation upgrade in over a decade." Google is adding more AI to its maps service as part of a broader effort to differentiate Gemini from potential competition and to keep users on its products for longer. With more than 2 billion monthly users , Google Maps, which turned 20 last year, is the world's top navigation app. Ask Maps starts rolling out Thursday in the U.S. and India on Android and Apple's iOS, with desktop coming soon, the company said. In a briefing with reporters ahead of the announcement, Google staffers said the company isn't including ads in the feature but isn't ruling out the possibility for the future. "Right now, we are very focused on launching this for our users and providing a great experience," said Andrew Duchi, a director of product management at Google. Google Maps makes money primarily by selling ad...

For most investors, how much a stock's price changes over time is important. Not only can it impact your investment portfolio, but it can also help you compare investment results across sectors and industries. The fear of missing out, or FOMO, also plays a factor in investing, especially with particular tech giants, as well as popular consumer-facing stocks. What if you'd invested in Etsy (ETSY) ten years ago? It may not have been easy to hold on to ETSY for all that time, but if you did, how much would your investment be worth today? Etsy's Business In-Depth With that in mind, let's take a look at Etsy's main business drivers. Etsy operates as a leading e-commerce service provider, managing a two-sided marketplace platform at Etsy.com that connects creative entrepreneurs with buyers seeking unique, handmade, and vintage items. The company has established a strong international presence, with core operations spanning the United States, United Kingdom, Canada, Germany, Australia, and France. In 2025, Etsy achieved total revenues of $2.88 billion, up 2.7% year over year, primarily driven by an increase in services revenues, partially offset by a decrease in marketplace revenues. ETSY's revenue structure comprises two primary streams: marketplace activities and optional services. Marketplace revenues (69.6% of total revenues) dominated the financial performance, generating $2.01 billion. Services revenues contributed $876.3 million, accounting for 30.4% of the total. The platform specializes in facilitating the sale of distinctive creative products across diverse categories, including homewares and home furnishings, jewelry and personal accessories, apparel, craft supplies, paper and party supplies, and beauty and personal care items. This focus on unique, artisanal products differentiates Etsy from mass-market e-commerce competitors. Etsy.com serves as the company's primary value driver and cash cow, providing merchants with comprehensive tools to manage their online ...

Google announced on Thursday that Google Maps is introducing a Gemini-powered conversational “Ask Maps” feature along with an updated “Immersive Navigation” experience that brings a 3D view, road details, natural voice guidance, and more to the app. The new “Ask Maps” feature lets users ask complex, real-world questions using natural language, such as “My phone is dying, where can I charge it without having to wait in a long line for coffee?” or “Is there a public tennis court with lights on that I can play at tonight?” The tech giant says the feature can also be used to quickly plans trips. For example, you could ask: “I’m headed to the Grand Canyon, Horseshoe Bend, and Coral Dunes, any recommended stops along the way?” Maps will then give you directions, ETAs, and tips from real people, like how to find a hidden trail or get a free entry ticket. Image Credits:Google Ask Maps personalizes its answers using signals including places a user has searched for or saved to their account, Google said. So if a user asks something like, “My friends are coming from Midtown East to meet me after work. Any cozy spots with a table for four at 7 tonight?” Ask Maps may already know the user prefers vegan restaurants and will suggest convenient options that offer vegan choices. Ask Maps is rolling out now in the U.S. and India on Android and iOS. The feature will be available on desktop soon, Google said. As for the new “Immersive Navigation” update, Maps is getting a 3D view that reflects nearby buildings, overpasses, and terrain, similar to Apple Maps. The app will also highlight road details like lanes, crosswalks, traffic lights, and stop signs. Image Credits:Google In addition to the visual changes, Maps is getting more functionality that’s designed to help drivers stay better informed on the road. Techcrunch event Disrupt 2026: The tech ecosystem, all in one room Your next round. Your next hire. Your next breakout opportunity. Find it at TechCrunch Disrupt 2026, where 10,000+...

is transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has appeared in The New York Daily News and City & State. Posts from this author will be added to your daily email digest and your homepage feed. Google is continuing to weave Gemini into the firmament of its most-used products. Today, it announced that Google Maps was getting a new AI-powered “Ask Maps” feature that allows for “complex, real-world questions” with highly detailed, personalized responses. In the past, Google Maps would struggle with hyper-specific questions like “where can I charge my phone without having to wait in line for coffee” or “where is the closest public bathroom that isn’t completely disgusting” (parents of kids with tiny bladders, I’m looking at you). But now, thanks to Gemini, all our weird, slightly embarrassing questions can be answered — directions included. Ask Maps lets you describe your plans conversationally, including as much or as little detail as you want, and Gemini will sift through your query to provide as detailed a response as you need, often using personal details you’ve provided through your past interactions with Google Maps. In a briefing with reporters, Google product manager Andrew Duchi used this example: “I have some friends coming from Midtown East to meet me after work. Can you find us a spot between the office and Midtown East that’s vegetarian, has a cozy aesthetic, and a table for four at seven o’clock tonight?” (I’m not sure Google Maps cares that much about your evening plans, but I digress.) Using Gemini, Maps would then provide a number of examples, analyzing user-submitted reviews and photos to pull data about the aesthetics or general busyness of possible locations. If there are places you’ve favorited or interacted with in the past, they might appear in the reply as well. And if you like what you see, Ask Maps will go one step further and book a table for you with just a single tap. ”It’s ...

Vladimir Zakharov/iStock via Getty Images The following segment was excerpted from the Royce Small-Cap Value Fund FY 2025 Commentary. Seven of the portfolio’s 10 equity sectors made a positive impact on calendar year performance. Information Technology, Financials, and Industrials made the largest positive contributions. The biggest negative impacts came from Energy, Consumer Discretionary, and Real Estate. At the industry level, electronic equipment, instruments & components (Information Technology), banks (Financials), and commercial services & supplies (Industrials) contributed most in 2025, while oil, gas & consumable fuels (Energy), specialty retail (Consumer Discretionary), and ground transportation (Industrials) were the largest detractors. Three of the Fund’s top five contributors provide electronics contract manufacturing services, or “EMS.” This business continues to experience robust demand—with many of the stocks being re-rated—because of their close involvement building AI data centers. A top contributor from 2024, Sanmina Corporation ( SANM ) offers these services to a global customer base. The company bought ZT Systems, a data center manufacturing business, from semiconductor behemoth Advanced Micro Devices ( AMD ) while also entering into a strategic partnership with AMD. As a result of the acquisition, Sanmina expects to “strengthen its leading end-to-end component technology, systems integration, and supply chain solutions.” Jabil ( JBL ) provides EMS and solutions for several industries including automotive and transportation, capital equipment, and consumer companies. The company has enjoyed vibrant growth in its end markets, especially data center infrastructure, cloud computing, and solar energy, all of which helped Jabil to post better-than-expected earnings and raised guidance in 2025. Flex ( FLEX ) is an EMS company that designs and develops original design manufacturing (ODM) products for several industries, including aerospace & defense, c...

Alphabet Inc. is making one of the biggest changes to Google Maps in over a decade, with an “Ask Maps” feature that will allow users to interact with the product like a chatbot. That means Maps will be able to answer spoken and written requests that mix location and reviews knowledge with personal history and preferences — part of Google’s effort to integrate its AI, Gemini, into all of its products, the company said Thursday. The new feature provides personalized responses for users by analyzing information from over 300 million places and reviews from a community that exceeds 500 million contributors. Rather than researching specific spots or sifting through reviews manually, Ask Maps should make it possible to “ask anything, about anywhere,” the company said. “By bringing together the world’s freshest map with our most capable Gemini models, we’re transforming exploration into a simple conversation,” said Miriam Daniel , vice president and general manager of Google Maps. Gemini was previously integrated to help provide a hands-free experience, but this update will change the way people use the product, the company said. The new feature will be able to provide restaurant recommendations tailored to users’ prior search history or saved spots. For instance, Ask Maps may suggest vegan or vegetarian restaurants if it knows a user has certain dietary restrictions without the person explicitly asking. For those that drive, another update powered by Gemini will provide a comprehensive 3D view of the road and offer alternate routes in case of traffic congestion or real-time disruptions. Called “Immersive Navigation,” the tool also provides helpful guidance to drivers with features such as recommendations for parking and where a building’s entrance is located. Ask Maps will be available in the US and India for iOS and Android users starting Thursday. Immersive Navigation will be available in the US for eligible iOS and Android devices, CarPlay, Android Auto and cars with G...

E-Infrastructure is by far its largest revenue contributor (59% in 2025, 69% in Q4) and driver, with sales up 59% YoY in 2025. Sterling completed its acquisition of leading specialty electrical and mechanical contractor CEC Facilities Group in September 2025 to “significantly expand” its E-Infrastructure capabilities. Sterling grew its GAAP earnings per share (EPS) by 525% between 2020 and 2025, soaring from $1.50 a share to $9.38 last year. The infrastructure company doubled its sales between 2020 ($1.23 billion) and 2025 ($2.49 billion), including 18% YoY growth in 2025. STRL began pivoting its business to become the higher-margin, growth-heavy firm it is today roughly a decade ago. The company was able to looked ahead and see the massive growth pipeline across e-commerce, data centers, and more. Sterling, which traces its roots to the 1950s, is a leader in large-scale site development and mission-critical electrical services for data centers and beyond. All in, investors looking for an infrastructure stock that provides long-term upside exposure to AI data centers, reshoring, e-commerce, and other critical economic trends should consider buying Sterling Infrastructure now. STRL is projected to grow its revenue and earnings by 25% in 2026. Plus, STRL stock found some support at some key technical ranges recently after its post-earnings pullback. Sterling Infrastructure is positioned to benefit from these critical megatrends, which are driving the U.S. economy, for years to come. STRL more than quadrupled its earnings between 2020 and 2025 and doubled its revenue. The U.S. infrastructure company, which specializes in site development and mission-critical electrical services, is riding massive growth trends across the AI data center boom, tech-focused reshoring such as semiconductor fabrication, e-commerce distribution expansion, and beyond. AI data center infrastructure stock Sterling Infrastructure, Inc. soared 1,700% in the last five years, outpacing artificial i...

Investors in BJ’s Restaurants, Inc. BJRI need to pay close attention to the stock based on moves in the options market lately. That is because the Jan. 16, 2026 $22.50 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. What do the Analysts Think? Clearly, options traders are pricing in a big move for BJ’s Restaurants shares, but what is the fundamental picture for the company? Currently, BJ’s Restaurants is a Zacks Rank #3 (Hold) in the Retail - Restaurants industry that ranks in the Bottom 41% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while one analyst has revised the estimate downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from 6 cents per share to 4 cents in that period. Given the way analysts feel about BJ’s Restaurants right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Looking to Trade Options? Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk. Click to see the t...