在埃隆·马斯克起诉OpenAI、萨姆·奥尔特曼、格雷格·布罗克曼以及 微软 一案的第一阶段结案陈词结束后，微软仍处于市场关注焦点。 马斯克声称，OpenAI背离了其非营利使命，并将其捐赠的资金用于未经授权的商业目的。马斯克的律师还指控微软协助OpenAI涉嫌违反慈善信托义务。 OpenAI的律师驳斥了这些指控，称并未向马斯克就OpenAI的组织架构做出任何承诺，且其捐赠资金已被妥善使用。微软的律师则表示，公司对所指控的事件并不知情，也没有参与其中。 由九人组成的陪审团将于周一开始审议，但其裁决仅具有咨询性质。美国地区法官伊冯·冈萨雷斯·罗杰斯将做出最终的责任裁定。 对投资者而言，此案至关重要，因为微软通过其人工智能战略和基础设施投入，与OpenAI仍保持着深度绑定关系。 责任编辑：张俊 SF065

U.K. regulators have opened a formal antitrust investigation into Microsoft’s business software ecosystem, targeting Office, Teams, Copilot, and Azure. The probe focuses on bundling practices and how Microsoft’s services affect competition in cloud and AI interoperability. Microsoft has appointed former EY global chairman and CEO Carmine Di Sibio to its board as a director. At the same time, the company is pursuing independent AI capabilities by acquiring AI startups and expanding beyond its...

格隆汇5月15日｜美国4月工业产出月率0.7%，预期0.30%，前值-0.50%。

郑商所烧碱主力合约跌超2%，报1993元/吨。

Perma-Fix Environmental Services ( PESI ) said on Friday it priced an underwritten public offering of about 2.29M common shares at $8.75 apiece, raising gross proceeds of roughly $20M. The company also granted underwriter Craig-Hallum a 30-day option to purchase up to an additional 342,857 shares at the public offering price, less underwriting discounts. Perma-Fix said it plans to use the proceeds for capacity upgrades at its Richland facility in Washington state, continued development of its PFAS destruction technology, and for general corporate purposes. The offering is expected to close on May 18, subject to customary conditions. Stock down 1.11% in premarket trading. More on Perma-Fix Environmental Services Perma-Fix Environmental Services, Inc. (PESI) Q1 2026 Earnings Call Transcript Perma-Fix Set To Do Much Better In H2 '26 Perma-Fix Environmental Services, Inc. (PESI) Q4 2025 Earnings Call Transcript Perma-Fix Environmental Services announces public offering; shares down Perma-Fix secures $24M contract

Nu Holdings在公布2026年第一季度按管理口径计算的营收为53亿美元（首次突破50亿美元）后，盘前交易下跌4.87%。按中性汇率计算，净利润为8.71亿美元，同比增长41%。年化净资产收益率（ROE）收于29%，低于2025年第四季度的33%。 毛利润环比下降7%至18.8亿美元，信贷损失准备金环比增长33%至17.9亿美元。经风险调整后的净息差（NIM）从第四季度的10.5%下降100个基点至9.5%。早期逾期率（15至90天不良贷款率）上升89个基点至5.0%，与2024年第一季度和2025年第一季度观察到的季节性模式一致。总信贷组合同比增长40%至372亿美元。成本收入比从第四季度的19.9%改善至17.6%。 墨西哥业务实现盈亏平衡，并以1500万客户成为该市场第三大金融机构。全球客户总数达到1.35亿，其中巴西市场突破1.15亿。创始人兼首席执行官David Vélez表示，公司正在“围绕人工智能重建银行业”，其专有的基础模型NuFormer现已在巴西和墨西哥的信用卡决策以及巴西的无担保贷款业务中投入使用。 责任编辑：张俊 SF065

美国4月制造业产出环比 0.6%，预期 0.2%，前值 -0.1%。

美国4月工业产出环比 0.7%，预期 0.3%，前值 -0.5%。

Nvidia (NVDA) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates Yahoo Finance

Nvidia’s rich AI narrative faces its next big test on May 20 as traders brace for a sharp post-earnings move.

mohd izzuan/iStock via Getty Images In February of this year, I wrote an article on Blue Owl Capital ( OBDC ), elaborating on the reasons that motivated me to assign it a buy rating. It was the same old argument of a too-steep discount relative to the intrinsic value. What made OBDC's case particularly interesting was its abnormally deep discount. This was (and still is), among other things, likely driven by its linkage to poorly performing Blue Owl Capital ( OWL ) following unsuccessful merger attempts between OBDC and OBDC II and liquidity gating. While this situation might sound risky, in reality, it has nothing to do with OBDC's underlying fundamentals. Since the publication of that piece, OBDC is up by ~2%. Now, right before the Q1 earnings season, I noticed a couple of new data points based on which I issued a follow-up piece: Blue Owl Capital Corporation: 3 Pressures Mounting And How To Play It. I had three observations and one clear message to investors before Q1 data: OBDC's NII per share would likely contract due to lower base rate headwinds and unfavorable debt refinancing. OBDC's NAV per share would likely drop given the monthly NAV statists published by strongly correlated (overlapping) private sister BDCs. OBDC's dividend would likely get cut in Q1 (many drivers). The message (excerpt from the article): "As a long-term investor, I remain bullish on OBDC. But if I were seeking short-term gains (say in 2026, but especially in Q1 or Q2), I would move on from OBDC". Looking at the Q1 2026 data , the dividend cut and subdued share price (despite underlying fundamental strengths), show that my thesis has nicely come to a fruition. And I have to say that when it comes to my long-term investment conviction in OBDC, nothing has changed. In fact, based on the recent data, my base case now is that we could see a decent rally of OBDC already in Q2 or Q3. Let me explain. Thesis review On the surface, the Q1 results don't look good. Both key metrics - adjusted NII a...

My President Went To Beijing And All I Got Was This Crummy T-Shirt Authored by Peter Tchir via Academy Securities, Stocks rallied after Jensen hopped on AF1 in Alaska. They rallied several times yesterday on Iran/China headlines, on Boeing selling planes headlines, and other soundbites from the much heralded Xi and Trump Summit. As discussed in Wednesday’s report China and Trade , we did not have high expectations regarding this meeting. We did feel that the President wanted a deal badly enough, that we would get something to help markets, even though it seemed like China had a marginally better/better hand than the U.S. What we were not expecting was a perfunctory set of meetings and press conferences . The President is many things, but perfunctory is rarely one of them . Perfunctory describes an action carried out quickly, superficially, or carelessly, usually as a routine duty rather than out of genuine interest or care. It implies a lack of enthusiasm, effort, or thoroughness, often done merely to get a task finished . (via AI finding the Merriam Webster definition). With a truly impressive entourage of politicians, political appointees and business leaders, the stage seemed set for something “bigger” than what we got. We often get more market moving social media posts in the middle of the night than we got as part of this historic meeting. I did not have high expectations, but I was hoping for more than what we got. I would rather have seen some confrontation and pushing an agenda, than what seemed quite “perfunctory”. It leaves me (and possibly markets) a little confused . Have stocks been pumped as high as they can? What decision does the President make with Iran over the weekend? It did not seem like there was any commitment from China to help, and according to at least some comments from the President, China was not asked to help. Really, not sure what to make of the lack of headlines, but cannot help but think of those souvenir T-Shirts saying My President...

Getty Images Over the coming years, CPO is poised to see a dramatic uptick in demand, as data center operators push to expand the limits of AI. CPO provides key benefits over the two networking systems that dominate today: copper and optical transceivers. This includes up to 5x power efficiency versus transceivers and much higher bandwidth. Nvidia Corporation ( NVDA ) and Broadcom ( AVGO ) are huge players in CPO, and firms that gain qualification in their supply chains can be massive beneficiaries Nvidia’s Rapid Networking Roadmap Is a Key Driver for AI Stocks Within the AI investment theme, there is nowhere that the supply chain shifts faster than in networking, leading companies to gain content on new platforms or lose incremental share. The reason is straightforward: much of the market is tied to a single customer, Nvidia; and Nvidia is rolling out new architectural iterations at an unusually fast pace. When it comes to networking, two of the most important architectural advancements are the increase in pod and cluster sizes and the transition to 200G per lane. Last month, Nvidia made $2 billion equity investments in two separate optical component suppliers: Coherent ( COHR ) and Lumentum ( LITE ). Nvidia is securing its supply chain as it ramps its co-packaged optics (CPO) roadmap and writing big checks to do so. These targeted moves signal that CPO, the next major architectural shift in AI networking, is moving from theory to reality. Below, we break down why this transition is taking place and the key companies involved in the secular trend toward CPO. Nvidia’s Move to Larger Pods: Scale-Up from NVL72 to NVL576 and Beyond With Blackwell and Blackwell Ultra, Nvidia was fundamentally focused on solving scale-up problems, where the primary challenge is binding large numbers of GPUs into a single coherent node with a unified memory using ultra-dense, low-latency NVLink fabrics. This led to NVL72, which packed 72 GPUs into one rack, acting as one giant GPU. Howeve...

Getty Images Over the coming years, CPO is poised to see a dramatic uptick in demand, as data center operators push to expand the limits of AI. CPO provides key benefits over the two networking systems that dominate today: copper and optical transceivers. This includes up to 5x power efficiency versus transceivers and much higher bandwidth. Nvidia Corporation ( NVDA ) and Broadcom ( AVGO ) are huge players in CPO, and firms that gain qualification in their supply chains can be massive beneficiaries Nvidia’s Rapid Networking Roadmap Is a Key Driver for AI Stocks Within the AI investment theme, there is nowhere that the supply chain shifts faster than in networking, leading companies to gain content on new platforms or lose incremental share. The reason is straightforward: much of the market is tied to a single customer, Nvidia; and Nvidia is rolling out new architectural iterations at an unusually fast pace. When it comes to networking, two of the most important architectural advancements are the increase in pod and cluster sizes and the transition to 200G per lane. Last month, Nvidia made $2 billion equity investments in two separate optical component suppliers: Coherent ( COHR ) and Lumentum ( LITE ). Nvidia is securing its supply chain as it ramps its co-packaged optics (CPO) roadmap and writing big checks to do so. These targeted moves signal that CPO, the next major architectural shift in AI networking, is moving from theory to reality. Below, we break down why this transition is taking place and the key companies involved in the secular trend toward CPO. Nvidia’s Move to Larger Pods: Scale-Up from NVL72 to NVL576 and Beyond With Blackwell and Blackwell Ultra, Nvidia was fundamentally focused on solving scale-up problems, where the primary challenge is binding large numbers of GPUs into a single coherent node with a unified memory using ultra-dense, low-latency NVLink fabrics. This led to NVL72, which packed 72 GPUs into one rack, acting as one giant GPU. Howeve...

随着关税政策重塑汽车制造商的生产策略，丰田可能进一步深化其在美国的生产布局。 丰田汽车 公司已提交申请，计划在得克萨斯州新建一座制造工厂，以强化其在美国的生产战略。此举正值美国总统唐纳德·特朗普持续向汽车制造商施压，要求它们扩大国内生产。根据周五提交给得克萨斯州主计长办公室的文件，拟议中的厂址位于贝尔县，总投资额为20亿美元，将创造2000个新就业岗位。这一举措出台之际，这家全球最大的汽车制造商正寻求在其最大市场深化制造布局，而 福特汽车 公司、 日产 汽车 公司等竞争对手则正在收缩阵线。 此次拟议中的扩张将在丰田位于圣安东尼奥的现有卡车工厂旁新增一条装配线。丰田目前在该工厂生产坦途和红杉。该工厂在2025年组装了近20万辆汽车，雇佣约3700名员工，为丰田在得克萨斯州的更大规模扩张提供了坚实基础。彭博行业研究高级汽车分析师 Tatsuo Yoshida 表示，包括丰田在内的汽车制造商似乎正在重新评估按车型划分的生产分配，因为美国的高关税体制可能会长期存在的可能性依然存在。他补充说，新工厂可能有助于丰田通过将塔科马皮卡的生产从墨西哥转移至美国来进一步保护自身。 丰田表示，目前暂无更多消息宣布，同时重申其生产理念是“在销售地生产，在生产地采购”。该公司表示，会定期评估其制造布局，以保持竞争力并与客户需求保持一致，并将此次申请描述为其对北美投资、本地制造、就业和供应商长期承诺的一部分。预计建设将于今年启动，2029年完成，2030年投产运营。此次申请之前，丰田于去年11月曾计划在当地项目上投资高达100亿美元。当时，美国已对从日本进口的汽车及汽车零部件额外征收15%的关税，丰田的计划包括投入9.12亿美元用于提高五个州的混合动力零部件及整车产能，并创造252个新就业岗位。 责任编辑：张俊 SF065

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.9% and the actively tr

The action camera maker, like so many other companies these days, is looking to defense applications as it evaluates a possible sale.

The action camera maker, like so many other companies these days, is looking to defense applications as it evaluates a possible sale.

Gotrade Daily: NVDA Record, Trump-Xi Deal, Cerebras +68% Gotrade

巴西国家地理统计局（IBGE）周五公布的最新数据显示，受运输业表现疲软拖累，巴西3月服务业活动指数环比出现显著下滑，跌幅远超市场此前预期。 数据显示，作为拉美最大经济体，巴西3月服务业指数环比下降1.2%，而此前受访经济学家普遍预期降幅仅为0.1%。 在受访的五个主要行业组别中，3月产出均录得收缩，其中运输业跌幅最为显著。 从同比口径看，3月服务业产出增长3.0%，同样大幅低于4.5%的预期增速。 责任编辑：龙运翔

CounterPoint, the well-regarded electronics research firm, shows that, study after study, in China, the US, and globally, sales of the iPhone continue to outpace those of all competitors. The most recent data comes from a survey of smartphone buyers from the major wireless carriers. The carriers include Verizon (NYSE: VZ), AT&T (NYSE: T), and T-Mobile. ... Apple iPhone Sales Appear Unstoppable

Image source: The Motley Fool. Thursday, May 14, 2026 at 4:30 p.m. ET Need a quote from a Motley Fool analyst? Email pr@fool.com Continue reading

Sundry Photography/iStock Editorial via Getty Images Almost to the day one year ago—on May 17, 2025—I published my last article about Zoom Communications, Inc. ( ZM ). In my opinion, the stock, which has declined steeply following the pandemic hype in 2020 and 2021, was still not a great investment, and I rated the stock as a “Hold.” In the conclusion I wrote: Of course, Zoom would be undervalued if we assume the company can grow its free cash flow in the mid-single digits in the next few years. And while such a scenario does not seem unreasonable, I don’t see any hints right now justifying calculating with higher growth rates. Additionally, Zoom is now trading almost 20% higher than in October 2024 when my last article was published without the business improving. Finally, we don’t know how the economic world will develop in the years to come. Right now, the level of uncertainty is extremely high and the risk of a recession in the United States can also be seen as rather high. In the last twelve months, Zoom’s stock price increased 22%, and especially in the last few weeks, the stock gained in value. Now, depending on the point of view, we can either see Zoom as a good investment, as it gained 22% within 12 months, which is certainly a great performance, or we can see it only as a mediocre investment, as the S&P 500 gained even 26% in the same timeframe. Next week, on May 21, 2026, Zoom will report first-quarter results, and in the following article, I will argue why Zoom remains a “Hold” and the stock is only fairly valued—despite the stake in Anthropic and the huge amounts of cash and cash equivalents on its balance sheet. Annual Results When looking back at the results for the last fiscal year, Zoom did report solid results but certainly not high growth rates. Revenue increased from $4,665 million in fiscal 2025 to $4,869 million in fiscal 2026, resulting in 4.4% year-over-year growth. Income from operations increased 38.2% year-over-year from $813.3 million in ...

(Bloomberg) -- Donald Trump got the pageantry he craved during his trip to China. But the US president concluded the summit largely where he began, receiving little help from his self-described “friend” Xi Jinping in dealing with a messy war in Iran and a challenging political climate at home.Most Read from BloombergHormuz Oil Flows Creep Higher as More Supertankers ExitIran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite ShowsWhat Is The Thucydides Trap and Why Did Xi Raise It With

April's inflation data is landing a lot like a brick through a window. Per the Consumer Price Index (CPI) data published May 12, prices rose 3.8% year over year, driven by a 17.9% surge in energy costs from the U.S.-Iran conflict, which is blocking oil shipments through the Strait of Hormuz. The official reading for core inflation, which strips out food and energy from the comprehensive inflation data, climbed to 2.8%, a bit above expectations. These figures are, broadly speaking, bearish for the crypto sector, but Bitcoin (CRYPTO: BTC) , Ethereum (CRYPTO: ETH) , and Solana (CRYPTO: SOL) will each face the consequences somewhat differently, so let's dig in and analyze the situation. Image source: Getty Images. Continue reading

智通财经获悉，根据最新的交易披露信息，“木头姐”凯茜·伍德旗下ARK Innovation ETFARK Next Generation Internet ETF(ARKK) 和ARK Next Generation Internet ETF(ARKW)于周四购买了新上市的 AI芯片 制造商Cerebras Systems (CBRS.US)的 105,616股股票。根据周三的收盘价计算，合并后的头寸价值约为 3280 万美元。 硅谷AI芯片公司Cerebras Systems于美东时间5月14日正式登陆纳斯达克，上演了一场久违的科技IPO狂欢。 该公司IPO定价为每股185美元，较最初115至125美元的预期大幅上调。上市前一周，因机构需求爆棚——认购订单超过可发行股份数量的20倍——Cerebras两度提高发行价并扩大发售规模。开盘后股价即冲上350美元，盘中最高触及386美元，涨幅达108%，触发纳斯达克波动性熔断机制。最终收报311.07美元，较发行价大涨68.2%。 按收盘价计算，Cerebras市值约670亿美元;若计入期权和认股权证，完全摊薄后估值约860亿美元。公司此次出售3000万股股票，融资55.5亿美元，若承销商行使450万股超额配售权，总融资规模可达63.8亿美元。这是2026年以来全球最大规模IPO，也是自优步2019年上市以来美国科技行业规模最大的IPO。此次IPO吸引的认购数量超过了发行股票数量的20倍。 晶圆级芯片：颠覆性技术还是昂贵艺术品? 这并非一次孤立的建仓行为。同日，ARK减持了台积电(TSM)41,540股(约1660万美元)、AMD 11,510股(约513万美元)以及 半导体 测试设备商Teradyne 22,576股(约820万美元)。有分析人士将此次调仓形容为一次"跨代际硬件换马"——将资金从成熟半导体巨头中获利了结，转向押注以晶圆级芯片(WSE)技术挑战现有格局的新兴 算力 基础设施。 对于一贯主张"颠覆性创新"投资理念的木头姐而言，这笔交易是其2026年投资逻辑的典型投射——她在年初曾明确提出，新一轮大型投资周期叠加去监管趋势将形成显著利好，其布局的核心主题包括AI、 机器人 、算力与 新能源 等。Cerebras上市首日即重仓介入，显示了其对AI基础设施赛道长期看好的坚定押注。 Cerebras之所以备受瞩目，...