格隆汇3月3日｜富兰克林邓普顿的Sonal Desai在报告中指出，中东战争导致油价上涨，推高了全球通胀升温的预期。Desai表示，这理应促使投资者下调对各大央行降息的预期。伦敦证券交易所集团的数据显示，市场目前预计英国央行在3月份降息的可能性为31%，远低于上周预期的83%；同时，投资者预计美联储在3月份降息的可能性仅为4%。

格隆汇3月3日｜标普全球评级：亚太地区政府2026年可能借款5万亿美元。

格隆汇3月3日｜印尼财长：已就中东冲突背景下油价上涨对本国经济影响进行预测。惠誉对达南塔拉项目影响政府财政状况表示关切。近期及未来都不会突破3%的财政赤字上限。若全球油价飙升至每桶90美元，印尼财政赤字可能升至GDP的约3.6%，但将调整预算，确保赤字控制在3%以下。

Company Logo The digital utility market is poised for growth through advancements in AI, IoT, and cloud technologies. Opportunities arise in sectors like smart grids, energy trading, and retail, with rising demand in services and IoT. The market spans large enterprises and SMEs with growing interest in North America, Europe, and Asia. Dublin, March 03, 2026 (GLOBE NEWSWIRE) -- The "Digital Utility Market Till 2035: Distribution by Type of Component, Type of Deployment, Type of Network, Areas of Application, Type of Technology, Type of End-User, Company Size, and Key Geographical Regions: Industry Trends and Global Forecasts" report has been added to ResearchAndMarkets.com's offering. The global digital utility market size is estimated to grow from USD 227.85 billion in the current year USD 654.68 billion by 2035, at a CAGR of 11.13% during the forecast period, till 2035 Digital utility refers to the incorporation of cutting-edge technologies, data analytics, and communication systems into conventional utility frameworks to enhance efficiency, dependability, and sustainability. Within the sectors of electricity, water, and gas, digital utility solutions employ smart meters, sensors, and Internet of Things (IoT) devices to gather real-time data on usage trends and grid operations. This wealth of data enables utilities to improve resource management, swiftly detect issues, and respond more adeptly to variations in demand. The utility industry is progressively adopting innovative digital technologies, such as blockchain, artificial intelligence (AI), and machine learning, to improve their operations, customer interactions, and partnerships within the supply chain. These digital approaches allow users to manage energy production and distribution more efficiently, providing capabilities like predictive maintenance along with increased safety and efficiency, which ultimately enhances customer satisfaction. The expansion of this sector is fueled by factors including the gro...

春节刚过，关于“手机将迎来全面涨价”的话题一度冲上热搜榜。 据悉，近期OPPO、vivo、小米等主流手机厂商已陆续下发调价通知：3月起新上市机型涨幅最低100元起，中高端旗舰机型涨幅甚至达2000-3000元，这是近五年来业内规模最大、涨幅最高的一轮集体调价潮。 与此同时，PC端的联想、惠普、戴尔等OEM巨头从2025年底开始已发起多轮涨价，涉及产品价格调整幅度在500元至1500元区间。 消费终端产品的价格变动，与上游存储芯片市场的持续涨价潮密切相关。 在这轮被业界称为“超级周期”的行情下，消费电子产业链正上演“上游狂欢、下游承压”的分化格局。 近期，以手机产业链为代表的消费电子板块个股持续下跌，资金也出现了明显流出迹象，甚至头部品牌巨头在近两月跌幅就高达近20%，反映市场对这些板块的未来预期失去信心。 很显然，一场关于消费电子产业链利润分配的重构与洗牌，已然开启。 01 疯狂的内存涨价潮 Trend Force数据显示，2026年第一季度以来，全球通用DRAM合约价环比暴涨90%-95%，PCDRAM单季涨110%-115%；DDR48Gb现货更是从2025年低点3.2美元飙升至15美元，累计涨幅高达369%；DDR5现货的涨幅也超过了300%。 国家发改委价格监测中心在2月28日发布的最新数据中证实：截至2026年1月，DRAM和NAND闪存价格均创下自2016年有统计以来的历史最高值。 以主流型号DDR48Gb颗粒为例，其合约均价已从2025年初的1.45美元一路飙升至今年2月的最高17美元，即便最低价也达到了11.5美元。 摩根士丹利在一份报告中，甚至用“主流产品价格可能再次翻倍”来描述当前的内存供需紧张。 存储芯片的急速涨价，导致了下游终端产品的成本开始出现失控狂飙，成为了厂商不得不宣布提价的导火索。 而造成这一切的根源，源于AI算力需求大爆发，彻底改写上游存储厂商的产能分配逻辑。 一直以来，DRAM市场由三星、SK海力士、美光三家巨头掌握超90%的市场份额，牢牢掌握着行业定价权。 但从2025年开始，AI算力需求的超级井喷，开始吞噬整个世界的内存产能。 据悉，为了追求更高利润，内存巨头们开始将消费级存储芯片产能大规模转向AI算力急需的高带宽内存及服务器端内存。目前三星已将30%的消费级DRAM先进产能转向了生产HBM，SK海力士的转比例达到40%，美光...

OpenAI is amending its hastily arranged deal to supply artificial intelligence to the US Department of War (DoW) after the ChatGPT owner’s chief executive admitted it looked “opportunistic and sloppy”. The contract prompted fears the San Francisco startup’s AI could be used for domestic mass surveillance but its boss, Sam Altman, said on Monday night the startup would explicitly bar its technology from being used for that purpose or being deployed by defence department intelligence agencies such as the National Security Agency (NSA). OpenAI, which has more than 900 million users of ChatGPT, made the deal almost immediately after the Pentagon’s existing AI contractor, Anthropic, was dropped. Anthropic had insisted “using these systems for mass domestic surveillance is incompatible with democratic values”, leading the US president, Donald Trump, to call Anthropic “leftwing nut jobs” and directing the federal government to stop using its technology. Despite denials from OpenAI that the agreement allowed for surveillance use, commentators raised the spectre of the Snowden scandal, which broke in 2013, when it emerged the NSA was engaged in mass harvesting of phone and internet communications. The deal prompted an online backlash against OpenAI, with users of X and Reddit encouraging a “delete ChatGPT” campaign. One post read: “You’re now training a war machine. Let’s see proof of cancellation.” Claude, the chatbot made by Anthropic, jumped to the top of Apple’s App Store charts, rising above ChatGPT, according to analysis by Sensor Tower. In a message to employees reposted on X, the OpenAI CEO said the original deal announced on Friday had been struck too quickly after Anthropic was dropped. “We shouldn’t have rushed to get this out on Friday,” Altman wrote. “The issues are super complex, and demand clear communication. We were genuinely trying to de-escalate things and avoid a much worse outcome, but I think it just looked opportunistic and sloppy.” Upon announcing the...

Stablecoin use could weaken ECB's hand, hamper lenders, ECB paper finds Reuters

2025年，拉里·埃里森在白宫。包含这次在内，他去年至少四次前往华盛顿特区。图片来源：ANNA MONEYMAKER/GETTY IMAGES 派拉蒙出价1110亿美元收购华纳兄弟探索（Warner Bros. Discovery），然而《福布斯》估算，身为甲骨文最大股东的老埃里森，手头现金并不足以承担交易中他应出资的部分。下文将阐释这笔交易可能的走向。 这场史上规模最大的并购之一若获监管机构放行，亿万富豪拉里·埃里森与儿子大卫将对美国媒体业拥有前所未有的掌控力——哥伦比亚广播公司（CBS）与美国有线电视新闻网（CNN）将同属一家，HBO Max与派拉蒙+（Paramount+）合并，华纳兄弟与派拉蒙影业归属同一母公司。这还不算本就在老埃里森掌控之下的科技与房地产帝国——他是甲骨文首席技术官、唐纳德·特朗普总统的新邻居，也是全球第六大富豪。 去年8月，埃里森父子通过天空之舞传媒（Skydance）80亿美元收购派拉蒙的交易掌控了后者。天空之舞是家娱乐公司，由大卫负责运营，主要股权归拉里所有。几周后，派拉蒙天舞向华纳兄弟探索发起1110亿美元敌意收购要约，而后者先前已同意被Netflix收购。Netflix拒绝加价竞购，华纳董事会认定派拉蒙的报价更优。如今，在对这家市值约700亿美元、收购价高达千亿美元公司的竞购中，埃里森控制的实体已处于优势位置。 问题在于，派拉蒙的资产负债表上仅持有30亿美元现金。 为填补资金缺口，三大银行承诺提供575亿美元债务融资。剩余大部分资金——457亿美元的股权出资，将来自拉里·埃里森的信托基金。而就是在这里，资金显得有些吃紧了。本世纪以来，埃里森仅出售过47亿美元（税前）甲骨文股票。《福布斯》估算，他的银行存款不足100亿美元，主要来自甲骨文分红。他还持有约150亿美元特斯拉股票，这是他2022年卸任特斯拉董事前积累的资产。即便全部变现，也无法足额覆盖他的出资承诺。 01 这就只剩下最长、最有价值的杠杆：甲骨文股票。 埃里森持有11.6亿股甲骨文股票，当前价值1640亿美元。大规模抛售几乎肯定会引发甲骨文股东恐慌，因为他们本就对公司高负债、以及人工智能数据中心支出飙升感到不安。内部人士大额减持，往往会像惊悚片中猛然跳出的恐怖镜头一样冲击市场。 根据去年9月的一份监管文件，埃里森已质押3.46亿股甲骨文股票，“用于资助外部个人商业项目”。...

When investors debate Nike's (NYSE: NKE) turnaround, most focus on inventory and margins. But the deeper issue may lie in performance running. Has Nike lost its innovation edge in the category that once defined its pricing power? That question matters because performance running does more than generate revenue. It anchors the brand's credibility. Running has always been the halo Nike built its reputation on performance. The "super shoe" era -- carbon-plated racing models and advanced cushioning systems -- once gave Nike a visible edge at elite marathons. When top athletes dominated podiums wearing Nike, the brand's authority extended well beyond serious runners. That authority supported premium pricing across training, lifestyle, and even basketball products. In other words, running created the halo, and the halo supports the whole business model. The competitive dynamic has shifted Over the past several years, however, the performance footwear market has become more competitive. Incumbents like Asics and Adidas, or newer comers like On Running and Hoka, have gradually won consumers over with their focus on aspects like cushioning geometry, comfort, and specialized engineering. Many of these brands have leveraged social media and specialty running stores to amplify their credibility. Don't get me wrong. Nike remains a dominant global brand. It continues to invest heavily in research and development and sponsor elite athletes. But perception can shift quietly before financial results fully reflect it. If dedicated runners experiment elsewhere, pricing pressure may build gradually for Nike as its premium positioning weakens over time. In other words, Nike's risk is not about losing scale, but technical leadership. And technical leadership is what protects its brand -- and pricing -- power. Why this matters for the turnaround Nike's recent margin compression stemmed largely from inventory imbalances and promotional intensity. But margin recovery requires more than clea...

Key Points Performance running anchors Nike’s pricing power. Competition has become structurally stronger. Margin recovery depends on product leadership. 10 stocks we like better than Nike › When investors debate Nike's (NYSE: NKE) turnaround, most focus on inventory and margins. But the deeper issue may lie in performance running. Has Nike lost its innovation edge in the category that once defined its pricing power? 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 » That question matters because performance running does more than generate revenue. It anchors the brand's credibility. Running has always been the halo Nike built its reputation on performance. The "super shoe" era -- carbon-plated racing models and advanced cushioning systems -- once gave Nike a visible edge at elite marathons. When top athletes dominated podiums wearing Nike, the brand's authority extended well beyond serious runners. That authority supported premium pricing across training, lifestyle, and even basketball products. In other words, running created the halo, and the halo supports the whole business model. The competitive dynamic has shifted Over the past several years, however, the performance footwear market has become more competitive. Incumbents like Asics and Adidas, or newer comers like On Running and Hoka, have gradually won consumers over with their focus on aspects like cushioning geometry, comfort, and specialized engineering. Many of these brands have leveraged social media and specialty running stores to amplify their credibility. Don't get me wrong. Nike remains a dominant global brand. It continues to invest heavily in research and development and sponsor elite athletes. But perception can shift quietly before financial results fully reflect it. If dedicated runners experiment elsewhere, pricing pressure may...

未来行业或许还会出现不少类似的争议或者不规范现象，可以将本次事件作为行业开源合规的警示案例。 宣布公测仅一天，美团旗下AI浏览器Tabbit就陷入了风波。 3月3日，陪读蛙（Read Frog）原作者“梦溪睡了吗”发帖称Tabbit使用了陪读蛙的代码，而根据陪读蛙的GPL协议，任何使用该代码的产品都要开源。 随后Tabbit回复称在去年12月团队开发翻译功能时关注到陪读蛙的开源项目，当时该项目仓库中并未包含任何开源协议声明。2026年1月2日，陪读蛙的原作者添加了GPLv3协议，由于Tabbit浏览器团队未继续合并原项目的后续代码，未能及时关注到此次协议变更。Tabbit将从新版中移除此翻译项目，并将此项目完整开源。该回复并未得到“梦溪睡了吗”的认可。 后续Tabbit团队与用户“梦溪睡了吗”进行直接沟通，并达成一致。Tabbit表示已与陪读蛙的作者沟通了项目的许可授权，授权后将更新代码并恢复该功能。同时Tabbit将全面升级内部的代码审查与开源项目使用流程，确保将使用或修改的开源项目在Tabbit产品中明确标识其许可和相关信息。 原作者“梦溪睡了吗”也发帖表示，在问题被指出后，Tabbit 团队第一时间与他取得联系，并对项目使用情况进行了说明与内部自查。从沟通过程来看，对方态度积极、处理及时，可以确认本次问题并非出于主观恶意，而是对开源协议理解和合规流程不够严谨所致。目前，相关代码已完成开源处理，双方也在进一步沟通后续事宜。 对于本次事件，艾媒咨询CEO张毅对第一财经记者表示，这次双方的争端本质上是因为Tabbit在开源合规方面存在一定的疏漏，从结果看可以通过快速和解来整改。未来行业或许还会出现不少类似的争议或者不规范现象，可以将本次事件作为行业开源合规的警示案例。 3月2日，美团旗下的光年之外（GN06）团队宣布，产品Tabbit AI浏览器已进入公测。光年之外团队表示，该产品目标用户群为上班族、在校学生及内容创作者等，并将网页浏览、全网搜索、AI 对话与复杂任务执行融为一体。团队同时表示，Tabbit聚合了LongCat、DeepSeek、GLM、Kimi、Doubao、QWen、Minimax等大模型，满足不同场景需求。 对于美团在AI方面的布局，张毅认为美团从本地生活AI延伸到通用AI入口，是在进行全场景的Agent布局，计划在下一代流量和操作系统级的变化...

Target press release ( TGT ): Q4 Non-GAAP EPS of $2.44 beats by $0.28 . Revenue of $30.45B (-1.5% Y/Y) in-line. Guidance The Company has the following expectations for 2026: Net sales growth in a range around 2 percent compared with 2025 vs. estimated growth of 1.75% Y/Y . This expectation reflects a small increase in comparable sales, with new store and non-merchandise sales contributing more than one percentage point of growth. The company expects to grow net sales in every quarter of the year. Full-year 2026 operating income margin rate approximately 20 basis points higher than the 4.6 percent Adjusted operating income margin rate in 2025. GAAP and Adjusted EPS of $7.50 to $8.50 vs. $7.64 consensus . Based on the expected timing of certain costs, the company expects Q1 GAAP and Adjusted EPS will be flat to up slightly from last year's Adjusted EPS of $1.30, with stronger year-over-year EPS growth expected through the balance of the year. More on Target Target: I'm Waiting For Q4 Results Before Making A Move (Downgrade) Target Is Under Pressure, Not Overvalued Target: Best Thing To Do Now Is Do Nothing At All Target Q4 earnings on deck: What to expect Target's outlook remains “cloudy” and turnaround is stifled by competition, stagnant housing market -- BofA Securities

Rafferty Asset Management LLC Lowers Stake in Alphabet Inc. $GOOG MarketBeat

A marathon training block is tough enough. Fasting while preparing to take on the world's best over 26.2 miles is harder still. Mahamed Mahamed is among a talented generation of British male distance runners closing in on Mohamed Farah's national record over the marathon distance. But, as he builds towards this year's London Marathon, the 28-year-old is currently finishing his sessions as late as 1am as he attempts to balance the demands of training at altitude with observing Ramadan. Mahamed, fourth on the UK all-time list, has ignored advice to postpone his fasting while training to improve his personal best of two hours seven minutes and five seconds. "Some people think I shouldn't [fast while training]," Mahamed told the Press Association. "Especially now, because I've got a competition coming up, they think I should focus on training for now and then maybe fast. "But I'm used to it. It became my routine. I am grateful for that advice but I just get on with everything."

文章提及标的 伦敦金 -- 现货黄金失守5080美元/盎司，日内跌4.57%。

现货白银暴跌13%，现报78.23美元/盎司。

格隆汇3月3日｜中国石化(600028.SH)公告称，公司股票于2026年2月27日、3月2日、3月3日连续三个交易日内日收盘价格涨幅偏离值累计超过20%，属于股票交易异常波动情形。经核实，公司生产经营情况正常，公司及控股股东均不存在应披露而未披露的重大事项。受地缘政治等因素影响，国际原油价格走势存在诸多不确定性，敬请广大投资者注意风险。

现货黄金失守5090美元/盎司，日内跌幅4.36%。 现货白银日内暴跌12%，跌破79美元/盎司。 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何意见、观点或结论是否符合其特定状况。据此投资，责任自负。

格隆汇3月3日｜现货黄金日内跌幅扩大至4%，报5107.67美元/盎司。现货白银日内暴跌12%，跌破79美元/盎司。

回顾2025年，很多人都会想起那场外卖大战。 “战况”最激烈的那段时间，各大外卖平台砸下近千亿补贴、发放大额红包，作为主战场的咖啡奶茶商家单量激增、外卖骑手进入“战时状态”、“羊毛党”狂欢、平台频发战报。 但这场看似多方利好的战争，实则让不少商家陷入两难境地：参与补贴，则利润被压缩；不参与补贴，则单量会被参与活动的商家分流。 就连已经开到3万家门店的瑞幸咖啡，都没能招架住这样“赔本赚吆喝”的模式。2月26日晚间，它交出了一份暗含隐忧的财务报告。 表面上看，2025年，瑞幸咖啡营、利双增，实现总净收入492.88亿元，同比增长43%；归母净利润达36亿元，同比增长21.8%。 图源瑞幸咖啡投资者关系官方微信公众号 但细看各季度报告，瑞幸咖啡在去年第三季度就已经出现了增收不增利的现象，到了第四季度，其更是录得总净收入同比增长32.9%至127.8亿元，净利润同比大幅下滑39%至5.2亿元的成绩。 尽管瑞幸咖啡CEO郭谨一在第三季度业绩会中，就给市场打了预防针。但瑞幸财报发布后，公司股价依然大幅走低，盘中最大跌幅为6.7%，最终以36.07美元收盘，跌幅为3.94%。 市场的担忧不无道理。 去年第四季度，瑞幸的多项数据表现出成长性不佳的趋势。 大幅下滑的净利润，门店扩张速度放缓、同店营业额增速下滑等，都在对外透露瑞幸进入了“两难”的境地：涨价会丢客户，影响同店营业额增速；要保单店利润，就需要调整扩张速度。 瑞幸面临的竞争压力也不小。老对手星巴克、库迪虎视眈眈；幸运咖、挪瓦咖啡等下沉市场玩家加速扩张；跨界玩家不断加入，试图在这个万亿赛道中分得一杯羹。 前有难以提升的利润，后有围追堵截的对手，瑞幸想要在增长和保利润之间找到一个平衡点，显然并不容易。 外卖大战，瑞幸受伤？ 如果将瑞幸2025年四个季度的业绩拆分来看，就可以看出瑞幸在去年走得越来越难。 从第一季度到第三季度，瑞幸咖啡的总净收入分别为88.65亿元、123.59亿元和152.87亿元；GAAP（通用会计准则）营业利润分别为7.37亿元、17.00亿元和17.77亿元，两项数据虽在第三季度的增幅均放缓，但仍呈环比增长趋势。 可到了第四季度，瑞幸咖啡的总净营收录得127.8亿元，按GAAP计算的营业利润为8.21亿元，相比第三季度分别环比下滑约16.40%和53.80%。 营业利润率的数值更是在下半年出现明显下滑。从2...

文章提及标的 伦敦金 -- 伦敦银 -- 现货黄金失守5100美元/盎司，日内跌4.32%。现货白银暴跌13%，现报78.23美元/盎司。 涨跌都能赚 盈利就能离场！点击开通期货“T+0、双向交易”特权！>>>

Landing Point Financial Group LLC purchased a new stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,522 shares of the information services provider's stock, valued at approximately $858,000. Several other institutional investors and hedge funds have also recently bought and sold shares of GOOG. Tradewinds LLC. boosted its position in Alphabet by 2,134.8% during the third quarter. Tradewinds LLC. now owns 45,098 shares of the information services provider's stock valued at $10,984,000 after purchasing an additional 43,080 shares during the last quarter. Atlantic Union Bankshares Corp lifted its holdings in shares of Alphabet by 31.3% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 354,529 shares of the information services provider's stock valued at $86,345,000 after buying an additional 84,553 shares during the last quarter. CWA Asset Management Group LLC grew its stake in shares of Alphabet by 2.2% in the 3rd quarter. CWA Asset Management Group LLC now owns 157,143 shares of the information services provider's stock valued at $38,272,000 after buying an additional 3,444 shares in the last quarter. American National Bank of Texas acquired a new position in Alphabet in the third quarter worth approximately $900,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in Alphabet by 3.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,164,341 shares of the information services provider's stock valued at $206,542,000 after acquiring an additional 42,028 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock. Get Alphabet alerts: Sign Up Alphabet News Roundup Here are the key news stories impacting Alphabet this week: Positive Sentiment: AI is continuing to power revenue growth across Search and Google Cloud, supporting ...

Esperion ( ESPR ) has agreed to acquire all outstanding stock of Corstasis Therapeutics for an upfront payment of $75M in cash. The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions. Corstasis is a commercial-stage biopharmaceutical company advancing innovative outpatient therapies for the treatment of edema associated with cardiovascular, and hepatic and renal disease. Its lead product, Enbumyst (bumetanide nasal spray), was approved by the U.S. FDA in September 2025. It is the first and only nasal spray diuretic approved to treat edema associated with congestive heart failure and liver and kidney disease in adults. “This acquisition represents a compelling and strategically aligned opportunity that accelerates Esperion’s momentum and advances our long-term Vision 2040. We expect that by integrating Enbumyst into our proven commercial platform, we will drive sustained double-digit growth, strengthen our leadership in cardiovascular care, and create durable value for all of our stakeholders - from patients and providers to employees and shareholders,” said Sheldon Koenig, president and chief executive officer of Esperion. Under the deal, Corstasis shareholders also will be eligible to receive up to an additional $180M upon the attainment of certain regulatory and commercial milestones, as well as low double-digit royalties on sales of Enbumyst and follow-on products. More on Esperion Therapeutics Esperion Therapeutics: Past The Turnaround, Waiting On Guidelines Esperion Therapeutics, Inc. (ESPR) Presents at 44th Annual J.P. Morgan Healthcare Conference Transcript Top Quant rated bullish small cap stocks among companies with high short interest Seeking Alpha’s Quant Rating on Esperion Therapeutics Historical earnings data for Esperion Therapeutics

财联社3月3日讯（编辑 史正丞） 随着霍尔木兹海峡的航运停滞，叠加全球最大LNG生产商卡塔尔能源周一宣布遇袭停产，全球天然气价格随即进入飙升状态。 最新的能源供应中断也引发了 重演“2022年俄气中断冲击” 的担忧。彼时，随着俄罗斯输往欧洲的天然气大幅减少， 欧洲基准TTF天然气价格在短短一年内从不足20欧元/兆瓦时飙涨至最高突破300欧元 。那一轮暴涨对全球经济，特别是欧洲制造业的影响，直到今天还在持续。 横向对比，3月头两天TTF天然气虽然已经暴涨90%，但绝对价格才刚突破60欧元。 （荷兰TTF天然气月线图，来源：TradingView） 分析师们指出，就供应缺口而言，这次的冲击有潜力比2022年更加严重。但眼下尚不能“抛开剂量谈毒性”，毕竟当前市场定价中几乎不包含本轮“美以-伊朗冲突”会演变成一场长期热战的预期。 测算显示， 在2022年天然气危机中，俄罗斯天然气供应减少了大约800亿立方米/年 。而霍尔木兹海峡的实际关闭，叠加以色列两座天然气田停产， 可能会带来每年约1200亿立方米的损失 。 Argus Media的天然气行业专家娜塔莎·菲尔丁概述称，若本轮冲突长期持续，可能会对经济产生与乌克兰战争相当的影响。但如果只是短暂中断一周，则无法与2022年那个具有分水岭意义的时刻相提并论。 无人机战争阴影 能源市场承受的冲击也将取决于天然气设施的受损情况，以及 依赖美制防空系统的卡塔尔、阿联酋等国还剩多少“萨德”、“爱国者”系统拦截弹 。在去年“十二日战争”末期，拦截弹吃紧的以色列只能选择性地将拦截弹用于保护核心目标。 据奥斯陆大学导弹专家法比安·霍夫曼测算，上周开战前，阿联酋和卡塔尔的防空拦截弹库大约有千余枚拦截弹，按照近两天的消耗强度计算，可能撑不过一周。 据阿联酋军方发布的数据，截至当地时间周一，该国3天内遭到174枚伊朗弹道导弹、8枚巡航导弹，以及689架无人机袭击。其中，所有弹道导弹全被击落， 但有44架无人机命中 。 卡塔尔国防部最新发布的数据也显示，截至周二早些时候，该国军方总共拦截98枚伊朗弹道导弹、3枚巡航导弹，以及24架无人机袭击，另外还击落了2架伊朗空军的苏-24战机。不过仍有 15架无人机未能成功拦截 。 乌克兰战争的经验已经表明，无人机的弹头虽然远小于导弹，但对于易燃能源设施的威胁依然显著。同时，2022年天然气危机关键节点，正是关...

Quantbot Technologies LP lessened its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 89.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,860 shares of the chip maker's stock after selling 851,680 shares during the quarter. Quantbot Technologies LP's holdings in Intel were worth $3,485,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank acquired a new position in Intel in the second quarter worth about $1,579,378,000. AQR Capital Management LLC boosted its holdings in Intel by 210.9% during the second quarter. AQR Capital Management LLC now owns 15,498,219 shares of the chip maker's stock valued at $346,230,000 after purchasing an additional 10,514,007 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Intel by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 385,903,735 shares of the chip maker's stock valued at $8,644,244,000 after purchasing an additional 8,513,298 shares during the period. Rafferty Asset Management LLC raised its holdings in shares of Intel by 66.4% in the 2nd quarter. Rafferty Asset Management LLC now owns 19,396,839 shares of the chip maker's stock worth $434,489,000 after buying an additional 7,736,635 shares in the last quarter. Finally, Amundi raised its holdings in shares of Intel by 16.2% in the 2nd quarter. Amundi now owns 43,995,698 shares of the chip maker's stock worth $962,626,000 after buying an additional 6,117,601 shares in the last quarter. 64.53% of the stock is owned by institutional investors. Get Intel alerts: Sign Up Intel Trading Down 0.2% INTC opened at $45.50 on Tuesday. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $54.60. The stock has a market capitalization of $227.27 billion, a PE ratio of -568.68, a PEG ratio of 16.90 and a beta of 1.37. The company...

文章提及标的 纽约银 -- COMEX白银期货暴跌11%，现报78.84美元/盎司。

The company has redirected some of its chips production to meet surging server demand, but it is missing out on emerging AI-driven trends.

格隆汇3月3日｜分众传媒公告，公司拟以发行股份及支付现金的方式购买成都新潮传媒集团股份有限公司90.02%股权。公司于1月23日收到深交所审核问询函，已会同相关中介机构就相关事项逐项说明、论证和回复。本次交易尚需深交所审核通过、证监会同意注册及通过国家市场监管总局反垄断局经营者集中审查等，能否通过审批及取得审批时间均不确定。

bpawesome/iStock via Getty Images IonQ, Inc. ( IONQ ) reported a blockbuster quarter sending the quantum computing stock soaring, but the big rally didn't carry over into a 2nd day. The full stack quantum platform company reported a big quarterly beat, but the guidance supports a theory of IonQ buying growth. My investment thesis remains ultra Bearish on the stock, even after the quantum stock already crashed heading into earnings. Source: Finviz Mixed Organic Story IonQ reported the following quarterly results for Q4'25 last week: Source: Seeking Alpha On the surface, the numbers appear spectacular and an indication that quantum computing demand must be picking up. In reality though, IonQ hasn't announced a lot of details on quantum products with sales ramping up, but the company has announced a non-stop list of acquisitions. The biggest problem with current financial reporting standards is that companies don't report pro-forma numbers to correctly paint the picture of whether the reported sales beat is due to actual organic sales growth or just higher sales from acquisitions than factored into consensus analyst estimates. In the Q4'25 earnings release , the CFO did point out organic sales as follows: Importantly, our 2025 results included nearly 80% year-over-year organic growth, and in our 2026 guidance, we expect organic growth to be even higher. We continue our focus on building strong backlog and having a targeted view of the pipeline in order to ensure visibility in our financial planning. Management didn't provide a lot of details on how exactly organic revenues are calculated. Without clear signals from the reported financial results, guidance becomes very crucial. IonQ only guided to the following 2026 numbers as follows: 2026 revenue of $225 to $245 million Q1 revenue of $48 to $51 million 2026 adjusted EBITDA loss of $330 to $310 million An investor can quickly see IonQ is only guiding to Q1 revenues in the $50 million range, down substantially from near...

马年开年，元器件产业链上最引人注目的主角，非MLCC（多层陶瓷电容器）莫属。 这个被称为“电子工业大米”的基础元件，在经历了2022年以来漫长的库存去化周期后，突然以强势姿态回归公众视野。 2月下旬以来，A股及台股市场的被动元件板块集体暴动，风华高科收获连板，国巨重返300元大关，一切信号似乎都在指向那个熟悉的词汇——涨价。 然而，这一次的涨声与过往任何一轮周期都截然不同。这是一场由人工智能点燃的结构性盛宴，也是一场属于高端制造的水火交织。在市场的喧嚣背后，MLCC行业正在经历一场前所未有的深度分化：一边是AI服务器催生的高端需求供不应求，日韩龙头产能满载、酝酿提价；另一边则是消费电子拖累的中低端市场在原材料成本高压下艰难求生。 高端MLCC，成为卖方市场 这一轮MLCC行情的引爆点，清晰指向了人工智能。如果说2025年是AI大模型百舸争流的元年，那么2026年无疑是AI基础设施加速落地的关键之年。随着全球云服务巨头资本开支的持续扩张，AI服务器的出货量正在呈几何级增长，而这也直接撬动了对上游被动元件的海量需求。 数据的对比是惊人的。与传统服务器相比，AI服务器对MLCC的需求呈现“量质双升”的特点，一台通用服务器MLCC用量约为2200颗，而AI服务器的需求量增长至2万颗左右，全球被动元件龙头村田表示，AI大量消耗MLCC，以英伟达最新的GB300平台为例，需搭载约3万颗MLCC，约是手机的三十倍，车辆的三倍，单一AI机柜更消耗高达44万颗MLCC。这种爆发并非简单的数量堆砌，更在于技术维度的跃迁。AI芯片在高速运算时会产生巨大的功耗和热量，这就要求周边电路必须采用具备耐高温、大容量、高可靠性等特性的高端MLCC。这类产品技术壁垒极高，长期以来被日本村田、韩国三星电机以及太阳诱电等少数头部厂商牢牢把控。 需求的骤然飙升迅速传导至供给端，并引发了连锁反应。全球MLCC龙头村田制作所的社长中岛规巨近日在接受采访时坦言，公司的高端产能已处于极度紧绷状态，上个季度的产能利用率已达到90%至95%，几乎是满载运转，而客户关于高端产品的询单量甚至是其现有产能的两倍。这种严重的供需错配，迫使向来在定价策略上极为谨慎的日本巨头不得不重新考量价格策略。 中岛规巨透露，公司内部已就涨价展开讨论，并有望在3月底之前敲定最终决定。 紧随其后，全球第二大厂商三星电机也传出消息， 计划自4月...