格隆汇3月16日｜日本10年期国债收益率上涨2.5个基点，至2.265%。

In 2010, Warren Buffett and Bill Gates launched a disarmingly simple campaign to get the richest people on earth to promise, publicly, to give most of their money away. The moment seemed to call for it. Tech was minting billionaires faster than any industry in history, and the question of how those fortunes would impact society was just beginning to take shape. “We’re talking trillions over time,” Buffett told Charlie Rose that year. The trillions materialized. The giving, less so. The numbers are no longer shocking to anyone paying attention. The top 1% of American households now hold roughly as much wealth as the bottom 90% combined — the highest concentration the Federal Reserve has recorded since it began tracking wealth distribution in 1989. Globally, billionaire wealth has grown 81% since 2020, reaching a whopping $18.3 trillion, while one in four people worldwide don’t regularly have enough to eat. This is the world in which a small group of extraordinarily wealthy people are now debating whether to honor — or walk away from — a voluntary and unenforceable promise to give away half of what they have. The Giving Pledge’s numbers, reported Sunday by the New York Times, trace a steady decline. In its first five years, 113 families signed the Pledge. Then 72 over the next five, 43 in the five after that, and just four in all of 2024. The roster includes Sam Altman, Mark Zuckerberg and Priscilla Chan, and Elon Musk — some of the most powerful people in the world, and yet, in Peter Thiel’s words to the Times, it is a club that’s “really run out of energy . . .I don’t know if the branding is outright negative,” Thiel told the outlet, “but it feels way less important for people to join.” The language of doing good in Silicon Valley has been wearing thin for years. Back in 2016, the HBO series “Silicon Valley” was so relentless in mocking the industry — its characters forever insisting they were “making the world a better place” while chasing valuations — that it repo...

格隆汇3月16日｜据美国阿克西奥斯新闻网站，美国总统特朗普试图组建所谓“霍尔木兹联盟”，以管控霍尔木兹海峡，并“希望”于本周晚些时候宣布组建这一联盟的消息。

Tech Bytes: AI spending wave pushes Meta towards fresh round of tech layoffs Proactive Investors

Tech Bytes: AI spending wave pushes Meta towards fresh round of tech layoffs Proactive financial news

近日安能物流发布严正声明，否认网传“中通快运将并购安能”；据安能物流官微发布公告称，近日关注到有微信公众号“引航咨询”发布内容为“中通快运将并购安能”的文章，相关内容失实，纯属恶意捏造，系为博取流量、制造噱头而刻意编造并发布的耸动性不实信息，已对公司商誉造成不良影响。目前，安能物流已完成相关侵权行为取证，并委托律师正式发函，责令相关方立即删除不实内容、停止侵权并公开赔礼道歉；对拒不纠正者，公司将依法提起诉讼，严肃追究其法律责任。（证券时报）

Bitcoin has spent most of this year trapped between $60,000 and $75,000, repeatedly teasing a breakout but never quite delivering one. The original cryptocurrency is beating stocks and gold since the Iran war broke out, but that says more about how far it had already fallen than where it’s headed. The token is down more than 40% from an October peak. On Monday, Bitcoin rose as much as 3.6% before paring gains to trade at about $73,600 as of 12:00 p.m. in Singapore. Recently, every rally follows the same script, and invariably they prove short-lived in a market otherwise occupied by gyrations in oil, metals and commodities. “You see the pattern. Market goes up a bit, open interest builds, funding rates tilt negative on Bitcoin, then we squeeze higher,” said Jasper De Maere , desk strategist and OTC trader at Wintermute, a crypto market-maker. A negative funding rate suggests short-sellers are paying a premium to maintain their positions, suggesting bearish market sentiment. Compared with late 2025, when Bitcoin oscillated for months between $85,000 and $95,000, trading today is thinner, he added. And that makes the token more vulnerable to sudden price swings. Bitcoin began a months-long slide in October, just days after touching a record of above $126,000. Some $19 billion in leveraged crypto bets were wiped out on Oct. 10. Since then, prices have ground steadily lower, with conviction notably absent from each fleeting rebound. It’s a pattern seen in previous crypto bear markets: a sharp selloff, a 20% retracement, and then a stall, according to Andreja Cobeljic , head of derivatives trading at AMINA Bank. “We don’t have the momentum to break out,” he said. For now, the interest lies elsewhere. Crude oil surged nearly 70% in the days after the US-Israel escalation with Iran, jumping from about $70 a barrel to as high as $120 before settling near $100. Aluminum is near record highs. Gold has remained relatively flat since the Iran strikes began, weighed down by a str...

中東多國繼續受戰火波及，阿聯酋迪拜國際機場附近有儲油設施遇襲起火，機場暫停航班升降。黎巴嫩衞生部門指，自以色列與真主黨再爆發衝突以來，累計逾800名黎巴嫩人死亡，當中約一百名是兒童。教宗良十四年呼籲中東衝突方停火，不再讓局勢升溫。 黎巴嫩首都貝魯特周一凌晨再發生猛烈爆炸，以色列軍方稱，攻擊了當地的真主黨設施。在接壤黎巴嫩邊境的以色列北部地區，周日響起警報，警告當地人留意黎巴嫩真主黨，可能發射火箭。 美聯社報道，以軍十萬兵力在「藍線」集結，準備應對地面戰。「藍線」是聯合國劃設分隔以色列及黎巴嫩的臨時邊界線。有以色列居民憂慮，就算伊朗戰事結束，以色列和真主黨仍會持續衝突下去。 黎巴嫩衞生部門指出，自本月2日，以色列與伊朗的盟友真主黨再爆發衝突以來，累計逾800名黎巴嫩人死亡，當中約一百名是兒童。 伊朗戰火繼續波及區內國家，阿聯酋迪拜國際機場附近，有儲油設施周一遭無人機襲擊起火，火勢已受控，無人受傷，但迪拜國際機場以安全為由，暫停航班升降。迪拜當局稱，部分航班轉飛阿勒馬克圖姆國際機場。 沙特阿拉伯國營電視台報道，東部地區在一小時內，攔截了34架無人機。 教宗良十四世周日在梵蒂岡發表講話，指暴力不會帶來公義、穩定及和平，他呼籲中東衝突方停火，不再讓局勢升溫。 伊朗總統佩澤希齊揚與法國總統馬克龍通電話，強調中東地區的不安全及不穩定，源於以色列和美國的敵對行為，伊朗將毫不猶豫果斷防衛。馬克龍表示，有必要結束當前戰事，並降低地區緊張局勢，呼籲恢復霍爾木茲海峽通行。

财联社3月16日讯（编辑 卞纯） 素有“AI届春晚”之称的英伟达年度开发者大会（GTC 2026），将于周一加利福尼亚州圣何塞拉开帷幕，届时英伟达首席执行官黄仁勋将发表主题演讲。本次大会将从3月16日持续至19日。 据官网信息，黄仁勋将于太平洋时间3月16日11:00- 13:00（北京时间3月17日凌晨02:00-04:00）发表主题演讲。届时黄仁勋将在圣何塞SAP中心登台，向开发者、分析师和媒体介绍英伟达未来一年的规划。 这位常以皮夹克穿着亮相的CEO， 历来会在其主题演讲上密集发布新品与技术更新，本次活动预计也将如此 。 过去数月，英伟达展开了一系列收购与合作，覆盖芯片公司、软件厂商等。几乎可以肯定的是， 本次大会将披露这家AI芯片巨头如何将这些技术与能力整合进自身产品体系 。 过去一年英伟达最受关注的交易之一是去年12月与AI芯片初创公司Groq达成的非独家协议，获得使用后者推理技术的授权。根据协议条款，Groq创始人Jonathan Ross、总裁Sunny Madra及其他核心团队成员将加入英伟达，共同推进授权技术的升级与规模化应用。 Groq研发的芯片被称为语言处理单元（LPU），专为AI推理任务设计。该公司声称，LPU运行大语言模型及其它AI模型的效率，可比GPU高出10倍。 随着行业重心从训练AI模型转向推理，越来越多企业开始寻求能以更低成本驱动AI软件的芯片。英伟达一直强调自家GPU的效率，但无论是将Groq技术整合到自有处理器中，还是推出专用推理芯片，都有助于缓解市场担忧——即客户未来可能转向更专用的处理器，而非继续使用英伟达GPU。 另一方面， 英伟达也可能在GTC上发布其传闻已久的PC处理器 。此前有消息称，该公司准备推出两款芯片N1和N1X，它们将为Windows笔记本电脑提供动力。 这两款处理器将基于Arm架构，与高通的产品一样，但更偏向游戏场景。英伟达GPU在游戏领域备受追捧，这两款CPU有望同样受欢迎。 英伟达芯片已为任天堂Switch及Switch 2主机提供动力，此前也曾用于其他电脑，因此推出笔记本电脑CPU并不算意外。在公司大规模转向数据中心业务的背景下，此举也能继续维系游戏玩家的支持。 不过，这类芯片预计不会像英伟达GPU和网络产品那样带来巨额营收。2025 年，英伟达游戏业务总营收为225亿美元，而数据中心业务营收高达19...

‘Price Hike Could Add $780M,’ Says BofA about Amazon Stock (AMZN) TipRanks

Key findings for Microsoft Corporation (NASDAQ: MSFT) Weak Near-Term Sentiment Could Catalyze Bearish Positioning Breakdown is underway. If sustained, lower levels are expected. Elevated downside risk as no additional long-term support signals remain. Signals: 395.55 · 416.93 · 478.59 · 537.11 (bold = current price) · 416.93 · 478.59 · 537.11 Neutral Sentiment is prevailing thus far — See current SIGNALS for positioning and risk parameters. Institutional Trading Strategies Our AI models have generated three distinct trading strategies tailored to different risk profiles and holding periods. Each strategy incorporates sophisticated risk management parameters designed to optimize position sizing and minimize drawdown risk. Position Trading Strategy LONG Entry Zone $416.93 Target $450.28 Stop Loss $418.13 Momentum Breakout Strategy BREAKOUT Trigger $396.10 Target $399.55 Stop Loss $394.99 Risk Hedging Strategy SHORT Entry Zone $399.55 Target $379.57 Stop Loss $400.75

格隆汇3月16日｜国家统计局新闻发言人、总经济师、国民经济综合统计司司长付凌晖在国新办新闻发布会上表示，今年以来，线上短剧市场比较火爆，平台监测显示，1—2月份线上短剧平台交易额增长超过30%。同时，绿色消费、健康消费、首发经济等对消费的促进作用也不断彰显。

格隆汇3月16日｜印度工业发展银行（IDBI BANK）股价一度下跌15.1%，最新跌幅为13.8%。

Bernstein分析师在一份研究报告中表示，中东冲突不太可能影响氦气供应并扰乱芯片制造。这些分析师表示，尽管卡塔尔的氦气产量占全球的三分之一，但企业库存、地下存储、俄罗斯供应的增长以及芯片制造商与工业气体公司之间日益深化的关系都应能提供支撑。这些分析师指出，近年来氦气供应的增长速度一直快于需求，而且俄罗斯因其储量丰富而增加了氦气产量。他们补充说，与此同时，即使出现氦气短缺，芯片制造商也会被优先考虑，因为半导体代工厂很可能是对价格最不敏感的主要应用场景之一。 责任编辑：王永生

5 takeaways from an Oscars night that spread the love toggle caption Mike Coppola/Getty Images As Sunday's Oscars ceremony approached, it seemed to be shaping up to be a showdown between the vampires and the revolutionaries, between Sinners and One Battle After Another. In the end, One Battle After Another won both best picture and best director, but it was a very good night for Sinners, too, including an original screenplay award for writer and director Ryan Coogler. There were some surprises over the course of the evening, including a rare tie in the live action short category, a remembrance of Robert Redford that included Barbra Streisand singing a bit of "The Way We Were," and Jimmy Kimmel stepping in just long enough to make some pointed comments about media censorship. But let's go over some of the major takeaways. A celebrated director gets his Oscar. Paul Thomas Anderson won best director for One Battle After Another after three previous nominations for There Will Be Blood, Phantom Thread and Licorice Pizza. Anderson had already won several major Oscar precursor awards this year, including top directing prizes at the BAFTAs and from the Directors Guild of America, so he was the odds-on favorite. The other nominees in the category were relative newcomers: Ryan Coogler, Josh Safdie and Joachim Trier were all first-time directing nominees; Chloé Zhao was nominated (and won) for Nomadland at the ceremony in 2021. Sponsor Message Michael B. Jordan won a rare acting award for a genre movie. toggle caption Brianna Bryson/Getty Images Sinners is a drama, but it's also very much a genre film. It's horror. It's vampires. Those are not the kinds of films that most often win Oscars for actors. But Jordan, with his first nomination, won over performers from much more traditionally awards-friendly films. Three of those actors (Leonardo DiCaprio, Timothée Chalamet and Ethan Hawke) already had multiple acting nominations before this year. The last actor to win for a genre f...

中东战事威胁到进口国的能源安全之际，日本开始释放国家石油储备。 日本政府周一在官方公报上发布声明称，3月16日至4月15日期间，炼油商必须持有的原油储备量——国家战略储备的一部分——将下调。声明称，将采用临时的储备量计算公式。 美国、以色列和伊朗之间的战争使全球石油市场陷入动荡，这场冲突导致波斯湾重要的货物运输航道霍尔木兹海峡几乎完全关闭。日本严重依赖从中东进口石油，据日本石油协会数据，2024年该国近96%的石油进口来自该地区。 日本首相高市早苗上周表示，将释放8000万桶石油储备以稳定经济。经济产业大臣赤泽亮正上周五称，将以战前价格出售国家储备石油。他同时表示，如果本地需求不够强劲，不排除将原油加工而成的过剩油品出口至海外。 美国总统唐纳德·特朗普表示，希望包括日本、韩国、法国和英国在内的国家能够派遣军舰，参与重新开放霍尔木兹海峡的行动。不过日本防卫大臣小泉进次郎周一向国会表示，日方目前没有这样的计划。 责任编辑：王永生

记者16日从国防部征兵办公室了解到，2026年上半年新兵运输工作全面启动。新兵将以航空、铁路、水路等运输方式，陆续奔赴军营。各地举行欢送新兵出征仪式，预计3月底前所有新兵入营完毕。 为实现精准征兵、优中选优，这次征兵全国推开试用辅助定兵系统，通过对应征青年综合素质进行量化评估，按照综合得分高低排名，结合个人志愿、部队需求、能力优长，由系统自动生成辅助定兵方案，之后按程序提交定兵会定兵，着力让合适人员奔赴适合岗位。 为探索推进全链路阳光征兵，各地及时公开入伍条件、定兵规则，实行单科体检结果现场告知、体检结论3日内网上反馈、综合素质量化评估全程公开、定兵过程及结果及时公示等措施，做到全过程透明。各地向社会公开监督举报电话和邮箱，聘请廉洁征兵监督员，邀请家长代表参加相关环节，全方位接受社会监督。各地公安机关深入开展打击“兵托”诈骗工作，提醒应征青年及家长警惕诈骗陷阱；军地纪检监察部门联合进行跟踪监督检查，对征兵工作中的失职失责、违规违纪行为坚持零容忍、快查快处，严肃追责问责。(新华社)

3月16日下午消息，近期，追觅科技创始人俞浩在内部以明年CES为时间节点，对各个业务设定了阶段性目标： 第一，2026年IFA上，EVTOL（载人飞行器）要展出，2027年CES要展出及飞行表演。 第二，2027年CES，卫星BU要能够在现场直连，进行通信及看到太空画面。 第三，2027年CES上，要展出一架追觅和商飞联合研发的X919。 第四，航空BU2027年CES前要开通中美航线，可以坐追觅的航班来参展。 公开信息显示，今年AWE展会，追觅刚刚展示出旗下载人飞行器eVTOL DREAM FLY。该产品由旗下追梦空天研发，目前还未上市。另外，追觅“DREAMFLY ”航空服务亦亮相。 同时，追觅生态企业“芯际穿越”也官宣，将发射“瑶台”系列算力卫星组成200万颗卫星网络。(新浪科技)

市場調查機構 TrendForce 於 3 月 13 日發表 2025 年全球十大晶圓代工排名。受惠於 AI 及高效能運算需求，全球晶圓代工產值按年增長 26.3% 至 1,695 億美元（約港幣 1.32 兆元）。當中 TSMC 以營收 1,225.4 億美元（約港幣 9,558.1 億元）及高達 69.9% 的市場佔有率穩佔榜首。中芯國際則以營收 93.3 億美元（約港幣 727.7 億元）晉身季軍，在個別季度表現更成功超越 Samsung。 TSMC 先進製程主宰市場 TSMC 於 2025 年營收高達 1,225.4 億美元（約港幣 9,558.1 億元）。其市場佔有率由 2024 年的 64.4% 躍升至 69.9%，下半年兩季更突破七成。3nm 製程產能供不應求是增長主因，當中涵蓋流動晶片與各種 AI 應用。預料即將投產的 2nm 工藝將進一步鞏固其霸主地位。即使在 28nm 等成熟製程上，TSMC 營收仍達 85.7 億美元（約港幣 668.5 億元），佔總營收 7%。半導體分析機構 Tower 指出 TSMC 幾乎壟斷先進製程利潤。 受惠於 Apple 備貨 iPhone 及 Nvidia 量產 Blackwell 平台，TSMC 晶圓出貨量與平均售價同步上升。單計第三季營收已突破 330 億美元（約港幣 2,574 億元），市場佔有率達 71%。TrendForce 資深分析師 Ray Hsieh 指 7nm 以下先進製程對營收貢獻最大。龐大的 AI 伺服器需求持續推高 TSMC 產能利用率，預料 2026 年無人能撼動其領先地位。雖然地緣政治因素令部分企業尋求供應鏈多元化，但 TSMC 的技術壁壘極高，客戶難以輕易轉投其他代工廠。 中芯國際產能擴張迎國產需求 全賴國產替代浪潮及先進製程產能緊張，中芯國際 2025 年營收錄得 93.3 億美元（約港幣 727.7 億元）。按年 16.2% 的升幅令其市場佔有率達 5.1%，成功穩坐第三位。中芯國際計劃在 2026 年每月增加 4 萬片 12 吋晶圓產能，令總產能增至 251.5 萬片（等效 8 吋），以應付寒武紀等中國 AI 晶片客戶需求。市場調查機構 Counterpoint 分析師指中芯國際在政府補貼下，成熟製程競爭力大增。數據顯示中國目前有四間晶圓代工廠躋身全球前十名，當中包括華虹與 Nex...

文章提及标的 消费 -- 3月15日晚间，市场监管总局网站发文表示，近日，市场监管总局部署各地市场监管部门开展酒类产品突出问题综合治理工作，严厉打击酒类产品违法违规行为，切实保障人民群众饮食安全和消费（883434）权益。此次综合治理聚焦五个方面突出问题，其中提到“产品标签虚假宣称疾病预防、治疗功能，假借‘特供’‘专供’‘内供’党政机关和军队名义进行虚假宣传，对产品作虚假广告或虚假商业宣传”等违法违规行为。(澎湃新闻)

Businesses will receive £3,000 for every person between the ages 18 and 24 that they employ who has been searching for a job for six months or more, while small and medium firms will be paid £2,000 for every new apprentice they take on.

港股異動 | 小米集團-W(01810)漲超3% 新一代SU7將於3月19日正式上市 提供者 智通財經 Investing.com 香港 - 股市報價& 財經新聞

格隆汇3月16日｜据央视，“一人公司”在深圳逐渐兴起，为人工智能产业注入新活力。通过AI技术支持，创业者可独自运营公司，改变传统创业方式和商业生态。在深圳的AI生态社区，数百家“一人公司”以创新模式运营，形成完整生态链。业内人士指出，这些公司将推动经济智能化升级，但仍需政策支持以降低制度性成本。法律专家表示，“一人公司”提供有限责任保护，为创业者及其家庭财产增加安全保障。尽管面临资金和能力的挑战，但“一人公司”将在细分经济中找到成长机遇。

伊朗戰事持續，最高領袖穆傑塔巴重申會向敵人索取賠償。據報他腳部受傷，俄羅斯總統普京安排他到莫斯科接受手術。伊朗強調無意跟美國和談，革命衛隊揚言要追殺以色列總理內塔尼亞胡。美方預計戰事可能在未來數星期內結束。 伊朗戰事進入第三周，在以色列中西部城市貝內貝拉克，周日有住宅大樓被導彈擊中，部分建築受損，亦有人被玻璃碎片割傷。伊朗軍方周日發射無人機，襲擊以色列的警察機構及安全中心。 伊朗伊斯蘭革命衛隊發言人周日發布戰報，稱伊朗方面已摧毀美軍四個薩德反導系統，並已向以色列和區內三個美軍基地發射更多導彈。伊朗軍方發言人警告，為美軍福特號航母提供後勤服務的相關設施，亦將被列為打擊目標。 伊朗首都德黑蘭有警局及建築物遇襲，滿地瓦礫。美國有線新聞網絡引述以色列國防軍發言人表示，以色列軍方對伊朗的軍事行動預計至少會再持續三周，並表示在伊朗境內，仍有數千個目標未被打擊。 未有公開露面的伊朗最高領袖穆傑塔巴，當地周日深夜發帖文，稱要向敵人追討賠償，如果對方拒絕，伊朗將沒收或摧毀其財產。科威特傳媒報道，穆傑塔巴在上月底遇襲，腳部受傷，在俄羅斯總統普京安排下，轉到莫斯科接受手術。 伊朗外交部長阿拉格齊周日在哥倫比亞廣播公司節目中，反駁美國總統特朗普日前稱伊朗有意願談判的講法，重申伊朗無意跟美國和談，並已準備好自衛。特朗普周日在空軍一號上表示，美軍基本上已擊敗伊朗。 美國總統特朗普稱：「我們基本上已經擊敗了伊朗，我猜他們可能會進行一些反擊，但不會太多。」 特朗普最初表示，對伊朗戰事將在兩、三日內結束，本月初他改口稱，美軍行動將持續四至五個星期。上周一他受訪時再指，伊朗至少兩級領導層已經不存在，預計戰事會很快結束。 美國能源部長賴特周日接受美國全國廣播公司訪問時，就預測衝突將在未來幾星期內或更早結束。 以色列總理內塔尼亞胡周日在網上公開片段，否認網上流傳他離世的消息。 被問到網上流傳他已死，以色列總理內塔尼亞胡表示：「我太想喝咖啡，我愛人民，大家表現太好了。你想數我有多少手指？」 伊朗伊斯蘭革命衛隊早前誓言要追殺內塔尼亞胡，指控他是殺害兒童的兇手。

沪指半日跌0.71%，存储芯片、海洋经济概念逆势走强。 港股早盘拉升，恒指半日涨1.1%，恒生科技指数涨2.2%，比亚迪股份、华虹、蔚来涨超5%。 中国1-2月规模以上工业增加值同比增长6.3%，电子设备制造业增长14.2%。 餐饮与升级类商品增速领先，中国1-2月社会消费品零售同比增速2.8%。 中国1-2月全国房地产开发投资同比下降11.1%，新建商品房销售面积同比下降13.5%。 2月70城房价：一二三线城市环比降幅继续收窄。 全国卫星互联网系统与服务标准化技术委员会获批成立。 特朗普威胁北约盟友，要求协助霍尔木兹海峡通航。 阿联酋宣布暂时停飞迪拜国际机场航班。 英媒称霍尔木兹海峡通航船只数首次降为零。 报道：香港计划就内地保险客户的定义展开咨询，允许不是常居内地的人士可不需亲身到港投保。 报道：阿里巴巴计划推出面向企业，基于千问模型的AI智能体。 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。

syahrir maulana/iStock via Getty Images By Catherine Yoshimoto, Director, Product Management, Benchmark Product Development Every benchmark is an index, but not every index is a benchmark. That’s particularly true when the index methodology considers investment strategies or investor needs. And it’s especially relevant for the recent debate over the quality of US small capitalization stocks. Confusing headlines on US small caps Recent US small-cap headlines have a familiar rhythm. When small caps lag the broader equity market, the story is “small cap is broken”. When small caps start to rebound, the story often shifts to “small cap is back, but only the better smaller companies”. In some recent advisor-facing commentary, that second narrative is frequently paired with a benchmark debate: is the Russell 2000® Index “lower quality” because it includes a meaningful share of unprofitable companies? And are other competing indexes “better” because they apply a quality screen, such as company profitability, to constituents? This is a useful moment to separate two different questions that are often mixed up to the detriment of understanding. First, what does the benchmark represent? Second, what characteristics do you want to tilt toward within that benchmark’s opportunity set? Those are not the same decision—and investors should consider the two questions separately. What the Russell 2000 is built to represent At a high level, the Russell 2000 is designed to represent the investable US small-cap segment, drawing from the whole US equity universe. To get into that universe , a company must meet certain standards. It needs US nationality, its shares must trade on an eligible exchange, and it must pass minimum share price, market capitalization, free float and voting rights thresholds. To build the Russell indexes, we then rank stocks in the eligible universe by market cap. In our framework, the Russell 3000® Index represents the broad market, the Russell 1000® Index represe...

Key Points Microsoft is rapidly converting artificial intelligence (AI) into a recurring revenue stream through Copilot subscriptions. Adoption of Microsoft 365 Copilot and GitHub Copilot is accelerating. The company’s distribution advantage will make it easier to monetize AI software. 10 stocks we like better than Microsoft › Over the past couple of years, artificial intelligence (AI) investing has focused mostly on companies supplying chips, servers, and cloud infrastructure. However, the next phase of the AI cycle can reward companies that successfully monetize AI use, especially through recurring software revenue. Microsoft (NASDAQ: MSFT) appears well positioned to benefit from this transition. In addition to building AI-optimized Azure cloud infrastructure, the company is offering services to build AI agents. Microsoft has also integrated AI-powered assistants and other AI tools across its core software offerings. Hence, the company is now monetizing AI through paid subscriptions and enterprise software products. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Here's why that opportunity can become even larger in 2026. Copilot is quickly becoming a source of recurring revenue Microsoft's AI assistant, Copilot, is already seeing strong traction. In the second quarter of fiscal 2026 (ending Dec. 31), paid Microsoft 365 Copilot seats increased by more than 160% year over year to reach roughly 15 million. Enterprise (business) deployments are accelerating, with the number of organizations that are deploying more than 35,000 Microsoft 365 Copilot seats tripling year over year in the second quarter. Microsoft reported a tenfold year-over-year increase in daily active users of Microsoft 365 Copilot, while the average number of conversations per user doubled. These adoption trends are reflected in th...