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龙腾虎乐
09:54
如果这个事情是老黄自导自演的,想高位套现离场可就太牛了[捂脸] [捂脸] 英伟达按道理怎么也不可能值六万亿美元,这个泡泡早晚会破[开心] [开心] 去参考一下2000年的CISCO[捂脸] [捂脸]
我们正目睹乔布斯后科技史上最严重的逼宫
龙腾虎乐
09:48
老黄就坡下驴高点兑现离场也不错[开心] [开心]
英伟达据报准备罢免黄仁勋,外电再爆其与公司另一名高管发生婚外情
龙腾虎乐
11-11 08:22
开盘即破发[笑哭] [笑哭]
Anthropic将IPO发行价定为70至78美元,计划于11月19日开始上市交易
龙腾虎乐
11-11 08:21
才加50?太少了吧[开心] [开心] 怎么也得加100-200才行[捂脸] [捂脸]
AI交易“雪上加霜”!美国CPI浇灭反弹苗头,美联储12月加息50个基点摆上台面
龙腾虎乐
11-10 18:57
没事[捂脸] 不在意你一次提高100个基点[开心] 以后每个月加一次挺好
美联储理事沃勒:我们并非超级鹰派 不会加息150或200个基点
龙腾虎乐
11-09
这是说崩马上崩的小行当[开心] 更算不过帐
美国民主党胜选后算力股崩了,但数据中心建设逻辑未崩
龙腾虎乐
11-07
这些年关系本来就不大,只是在情绪上与大环境上略有一些影响罢了
A股与美股联动性正在下降吗?从纳指暴跌5.52%次日A股表现说起
龙腾虎乐
11-06
$英伟达(NVDA)$
又要拉稀了[捂脸] [捂脸]
龙腾虎乐
11-04
现在的木头姐已经失去光环了[开心] [开心] 她 爱买啥买啥吧
“木头姐”重返Palantir,斥资1120万美元加仓,同时减持CrowdStrike及谷歌
龙腾虎乐
10-29
不要听他们胡说八道🤬到了12月份就喊不加息了[开心] [开心]
今日公布的美国通胀报告为何可能导致美联储12月加息50个基点?
龙腾虎乐
10-22
$纳斯达克(.IXIC)$
这是要崩了吧[捂脸] [捂脸]
龙腾虎乐
10-10
只有新概念是远远不够的[财迷] 大家都很看重净利润还能否大幅提升[财迷] [财迷]
英伟达欲加码玻璃基板决战AI先进封装 A股相关企业抢先布局
龙腾虎乐
09-23
靠培训发不了财[开心] [开心] 看看互联网发展到中期以后不让用都不行,离开了活不了,才能挣大钱[财迷] [财迷]
打车软件巨头Grab与OpenAI在新加坡推出人工智能培训项目,后续将拓展至泰国、印度尼西亚和菲律宾。
龙腾虎乐
09-16
$纳斯达克(.IXIC)$
貌似快崩盘了[开心] [开心]
龙腾虎乐
09-12
依然加不了[开心] [开心]
美股盘前|美国8月CPI符合市场预期!美联储下周加息概率拉升至90%;SpaceX百亿美元算力大单落地;绩优股甲骨文盘前涨近6%
龙腾虎乐
07-28
就这么点儿收入[捂脸] [捂脸] [捂脸] 利润呢?
财报前瞻|SpaceX本季度营收预计增至69.34亿美元,看多观点占优
龙腾虎乐
07-28
$SpaceX(SPCX)$
大概率破50[捂脸] [捂脸]
龙腾虎乐
07-27
$SpaceX(SPCX)$
这才哪到哪儿呀[捂脸] [捂脸] 继续跌[弱] [弱] 跌破50后我可以建个仓[强] [强]
龙腾虎乐
07-23
$SpaceX(SPCX)$
很快会破掉100[捂脸] [捂脸] 到了60左右可以建仓啦[开心] [开心]
龙腾虎乐
07-17
$SpaceX(SPCX)$
先要跌破100再说[喷血] [喷血]
去老虎APP查看更多动态
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[捂脸] 英伟达按道理怎么也不可能值六万亿美元,这个泡泡早晚会破[开心] [开心] 去参考一下2000年的CISCO[捂脸] [捂脸] ","listText":"如果这个事情是老黄自导自演的,想高位套现离场可就太牛了[捂脸] [捂脸] 英伟达按道理怎么也不可能值六万亿美元,这个泡泡早晚会破[开心] [开心] 去参考一下2000年的CISCO[捂脸] [捂脸] ","text":"如果这个事情是老黄自导自演的,想高位套现离场可就太牛了[捂脸] [捂脸] 英伟达按道理怎么也不可能值六万亿美元,这个泡泡早晚会破[开心] [开心] 去参考一下2000年的CISCO[捂脸] [捂脸]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/628402960741224","repostId":"2682453616","repostType":2,"repost":{"id":"2682453616","kind":"highlight","weMediaInfo":{"introduction":"关注这个时代最好的产品。","home_visible":1,"media_name":"爱范儿","id":"42","head_image":"https://static.tigerbbs.com/384340b6936a4f9292b94681dcd63984"},"pubTimestamp":1794446366,"share":"https://www.laohunote.com/m/news/2682453616?lang=zh_CN&edition=full","pubTime":"2026-11-12 09:19","market":"us","language":"zh","title":"我们正目睹乔布斯后科技史上最严重的逼宫","url":"https://stock-news.laohu8.com/highlight/detail?id=2682453616","media":"爱范儿","summary":"上一次科技公司的创始人兼 CEO 遭遇如此级别的逼宫事件,还是在 1985 年的苹果。拉特尼克警告,这将会引发一次新的贸易战。我们正在目睹自乔布斯之后,科技史上最严重的一次逼宫事件。当时,苹果因为麦金塔电脑的销量严重不及预期,而深陷泥潭。固执和暴躁的乔布斯耗尽了董事会和投资人的耐心。而今天黄仁勋所遭遇的,可能是一场前所未有的,地缘政治级别的逼宫。他是英伟达最高级别的的布道者、架构师与灵魂。","content":"<html><head></head><body><p style=\"text-align: left;\">上一次科技公司的创始人兼 CEO 遭遇如此级别的逼宫事件,还是在 1985 年的苹果。</p><p style=\"text-align: left;\">当时年仅 30 岁的乔布斯在库比提诺,和自己亲自从百事公司挖来的约翰·斯考利正面对决。董事会最终站在了职业经理人那一边,将创始人赶出了自己亲手创办的公司。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/51645b608d444a9d9fd9e5846c41bc40\" data-align=\"center\" tg-width=\"1080\" tg-height=\"608\"/><span></span></p><p style=\"text-align: left;\"></p><p style=\"text-align: left;\">40 年后,黄仁勋发现处在风口浪尖的自己已经越来越难站稳。</p><p style=\"text-align: left;\">更棘手的是,黄仁勋的婚外情传闻如今又牵扯出敏感商业往来,甚至所谓的情报活动,事态正朝着他最难控制的方向发展。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bf18821eb6d943beaeff85f6b6d90a1c\" data-align=\"center\" tg-width=\"960\" tg-height=\"640\"/><span></span></p><p style=\"text-align: left;\">但煎熬与审判远未结束。11 月 11~12 日,几条新闻先后传出,再次向黄仁勋使出了更多杀手锏:</p><p style=\"text-align: left;\">首先,《<a href=\"https://laohu8.com/S/NYT\">纽约时报</a>》记者 Ryan Mac 等人报道称,黄仁勋的出轨对象“另有其人”,而且是在公司内部,是一位曾向其汇报的公司高管。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/263c28d877dd49469ed30bae64cc90f9\" data-align=\"center\" tg-width=\"1080\" tg-height=\"475\"/><span></span></p><p style=\"text-align: left;\">其次,《华尔街日报》 Robbie Whelan 等人报道,英伟达董事会最早将在美国时间周三(截至本文发稿已经过了大半)召开弹劾黄仁勋的会议,决定其是否继续担任 CEO。昨日,Polymarket 上关于黄仁勋被董事会罢免的押注概率还是 13%,今天已经跳升至 77%,且目前已经出现了下一任 CEO 人选的押注,足以说明事态变化之迅速。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/82a52f529cd146e6aa370921505fb19c\" data-align=\"center\" tg-width=\"960\" tg-height=\"1344\"/><span></span></p><p style=\"text-align: left;\"></p><p style=\"text-align: left;\">最后一条消息来自 Axios,它描述了本周在白宫里发生的一次交锋:</p><p style=\"text-align: left;\">下午 5 点左右,包括科技顾问马斯克、国务卿卢比奥、贸易谈判代表格里尔、财政部长贝森特、商务部长拉特尼克等人前往特朗普的椭圆形办公室,谈论对可能违反美国禁令运输英伟达处理器的国内外公司进行扩大化的制裁。</p><p style=\"text-align: left;\">在场的几乎所有人都支持这次新的制裁,包括曾与黄仁勋亲近的特朗普本人;唯独此前曾支持过特朗普贸易战政策,对华并不友好的商务部长霍华德·拉特尼克,此次站在了所有人的对立面。</p><p style=\"text-align: left;\">拉特尼克警告,这将会引发一次新的贸易战。</p><p style=\"text-align: left;\">但是拉特尼克一人难以与整个屋子比他更有话语权的人抗衡。众人离开房间后,拉特尼克说:再给我一些时间吧,我可以提出更多的方案回来讨论。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b89779e18fb541b4a9eef6630e8d95a3\" data-align=\"center\" tg-width=\"943\" tg-height=\"2048\"/><span></span></p><p style=\"text-align: left;\">Axios 报道援引知情人士描述现场的情况:“其他人说,不,不,决定已经做完了,他妈的去执行吧。(Go fucking execute.)”</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d036478c550f4d4db060c5db050c4ea3\" data-align=\"center\" tg-width=\"1024\" tg-height=\"683\"/><span></span></p><p style=\"text-align: left;\"></p><p style=\"text-align: left;\">这一发生在椭圆形办公室里的花边,描绘了可能是黄仁勋最不想看到的情景:</p><p style=\"text-align: left;\">一直以来与自己亲近的特朗普——而且是在整个共和党执政班底都不看好、私下对自己展开调查的前提下仍愿意支持自己的特朗普——现在也终于背叛了自己。</p><p style=\"text-align: left;\">从主流媒体的私德审判,到董事会被商政界外部施压而不得不考虑弹劾,再到自己的政治盟友悉数殆尽。</p><p style=\"text-align: left;\">我们正在目睹自乔布斯之后,科技史上最严重的一次逼宫事件。</p><p style=\"text-align: left;\">当年乔布斯所面对的,主要还是商业逻辑层面的清算。当时,苹果因为麦金塔电脑的销量严重不及预期,而深陷泥潭。固执和暴躁的乔布斯耗尽了董事会和投资人的耐心。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8c1a62f1d3654c4ca5a07e83f2c07f01\" data-align=\"center\" tg-width=\"800\" tg-height=\"450\"/><span></span></p><p style=\"text-align: left;\"></p><p style=\"text-align: left;\">你是愿意卖一辈子小甜水,还是愿意和我一起改变世界?</p><p style=\"text-align: left;\">约翰·斯考利是乔布斯从百事亲自挖过来的职业经理人。但在董事会的压力面前,可能从未真正理解科技创新创业要义的斯考利,在资本和改变世界之间选择了资本。</p><p style=\"text-align: left;\">当然,在今天来看,这还只是一场纯粹发生在董事会会议室里的“家事”。</p><p style=\"text-align: left;\">而今天黄仁勋所遭遇的,可能是一场前所未有的,地缘政治级别的逼宫。</p><p style=\"text-align: left;\">英伟达正处于人类商业史上前所未有的巅峰:业绩总体上无懈可击,市值一再冲高,GPU算力垄断全球——特别是在 2025 年和 2026 上半年通过连锁投资和持股几乎所有的主流 AI 和云计算公司所建立的一套“循环交易”,使得 AI 浪潮的每一枚齿轮都在为其创造财富。</p><p style=\"text-align: left;\">换言之,商业与技术本身根本无法击倒黄仁勋。</p><p style=\"text-align: left;\">正因如此,扳倒他的杠杆只能来自外部——只能将个人私德上升为“地缘安全隐患”,用政治的大棒敲碎创始人的权威。</p><p style=\"text-align: left;\">和乔布斯的遭遇相比,这一次的逼宫,早已不取决于会议室里的董事,而是华盛顿的政客、华尔街的资本之狼,以及渴望重新分割芯片利益版图的各方势力,在运筹帷幄。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9cbb0864029748b7b784ef9bcac26df2\" data-align=\"center\" tg-width=\"747\" tg-height=\"598\"/><span></span></p><p style=\"text-align: left;\"></p><p style=\"text-align: left;\">危险的根源在于黄仁勋对英伟达有着绝对的个人统治。这一现状在过去多年以来创造了一家数万亿美元级公司却能够相对“扁平治理”的神话,今天却成了黄仁勋的阿喀琉斯之踵。</p><p style=\"text-align: left;\">今天的英伟达采用着极为罕见的高度扁平化架构:最多时可达 60 名高管直接向黄仁勋汇报,公司的重大战略与技术路线几乎全部系于他一人之手。他是英伟达最高级别的的布道者、架构师与灵魂。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/92da9517d76c49f9b43b7a0b28ae60d5\" data-align=\"center\" tg-width=\"1080\" tg-height=\"459\"/><span></span></p><p style=\"text-align: left;\"></p><p style=\"text-align: left;\">这一架构设计赋予了英伟达无与伦比的效率和创新性,却也在此刻暴露了最致命的弱点——英伟达没有“二号人物”,没有在黄仁勋遭遇不测时,内部高管能顺利地、直接地承接这一王冠的接班体系。</p><p style=\"text-align: left;\">当年乔布斯出走,苹果尚有 Apple II 的丰厚现金流,以及一个相对成熟的团队维持运转。而今天的英伟达如若强行踢走黄仁勋,不仅英伟达的战略执行面临瞬间休克,整个硅谷乃至全球AI产业的供应链预期都会遭遇断崖式震荡。</p><p style=\"text-align: left;\">更直接一点说:黄仁勋的离开可能会提前触发一场我们知道一定会发生,只是都在等待何时发生的——泡沫破裂。</p><p style=\"text-align: left;\">从这个角度来看,试图逼退黄仁勋的力量,所进行的其实是一场足以影响西方,乃至全球经济的,危险的豪赌。</p><p style=\"text-align: left;\">在国家机器与地缘政治的宏大叙事面前,哪怕是定义了时代的科技巨子,也随时可能沦为博弈中的质子。</p><p style=\"text-align: left;\">作者|杜晨</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>我们正目睹乔布斯后科技史上最严重的逼宫</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n我们正目睹乔布斯后科技史上最严重的逼宫\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/42\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/384340b6936a4f9292b94681dcd63984);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">爱范儿 </p>\n<p class=\"h-time\">2026-11-12 09:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">上一次科技公司的创始人兼 CEO 遭遇如此级别的逼宫事件,还是在 1985 年的苹果。</p><p style=\"text-align: left;\">当时年仅 30 岁的乔布斯在库比提诺,和自己亲自从百事公司挖来的约翰·斯考利正面对决。董事会最终站在了职业经理人那一边,将创始人赶出了自己亲手创办的公司。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/51645b608d444a9d9fd9e5846c41bc40\" data-align=\"center\" tg-width=\"1080\" tg-height=\"608\"/><span></span></p><p style=\"text-align: left;\"></p><p style=\"text-align: left;\">40 年后,黄仁勋发现处在风口浪尖的自己已经越来越难站稳。</p><p style=\"text-align: left;\">更棘手的是,黄仁勋的婚外情传闻如今又牵扯出敏感商业往来,甚至所谓的情报活动,事态正朝着他最难控制的方向发展。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bf18821eb6d943beaeff85f6b6d90a1c\" data-align=\"center\" tg-width=\"960\" tg-height=\"640\"/><span></span></p><p style=\"text-align: left;\">但煎熬与审判远未结束。11 月 11~12 日,几条新闻先后传出,再次向黄仁勋使出了更多杀手锏:</p><p style=\"text-align: left;\">首先,《<a href=\"https://laohu8.com/S/NYT\">纽约时报</a>》记者 Ryan Mac 等人报道称,黄仁勋的出轨对象“另有其人”,而且是在公司内部,是一位曾向其汇报的公司高管。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/263c28d877dd49469ed30bae64cc90f9\" data-align=\"center\" tg-width=\"1080\" tg-height=\"475\"/><span></span></p><p style=\"text-align: left;\">其次,《华尔街日报》 Robbie Whelan 等人报道,英伟达董事会最早将在美国时间周三(截至本文发稿已经过了大半)召开弹劾黄仁勋的会议,决定其是否继续担任 CEO。昨日,Polymarket 上关于黄仁勋被董事会罢免的押注概率还是 13%,今天已经跳升至 77%,且目前已经出现了下一任 CEO 人选的押注,足以说明事态变化之迅速。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/82a52f529cd146e6aa370921505fb19c\" data-align=\"center\" tg-width=\"960\" tg-height=\"1344\"/><span></span></p><p style=\"text-align: left;\"></p><p style=\"text-align: left;\">最后一条消息来自 Axios,它描述了本周在白宫里发生的一次交锋:</p><p style=\"text-align: left;\">下午 5 点左右,包括科技顾问马斯克、国务卿卢比奥、贸易谈判代表格里尔、财政部长贝森特、商务部长拉特尼克等人前往特朗普的椭圆形办公室,谈论对可能违反美国禁令运输英伟达处理器的国内外公司进行扩大化的制裁。</p><p style=\"text-align: left;\">在场的几乎所有人都支持这次新的制裁,包括曾与黄仁勋亲近的特朗普本人;唯独此前曾支持过特朗普贸易战政策,对华并不友好的商务部长霍华德·拉特尼克,此次站在了所有人的对立面。</p><p style=\"text-align: left;\">拉特尼克警告,这将会引发一次新的贸易战。</p><p style=\"text-align: left;\">但是拉特尼克一人难以与整个屋子比他更有话语权的人抗衡。众人离开房间后,拉特尼克说:再给我一些时间吧,我可以提出更多的方案回来讨论。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b89779e18fb541b4a9eef6630e8d95a3\" data-align=\"center\" tg-width=\"943\" tg-height=\"2048\"/><span></span></p><p style=\"text-align: left;\">Axios 报道援引知情人士描述现场的情况:“其他人说,不,不,决定已经做完了,他妈的去执行吧。(Go fucking execute.)”</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d036478c550f4d4db060c5db050c4ea3\" data-align=\"center\" tg-width=\"1024\" tg-height=\"683\"/><span></span></p><p style=\"text-align: left;\"></p><p style=\"text-align: left;\">这一发生在椭圆形办公室里的花边,描绘了可能是黄仁勋最不想看到的情景:</p><p style=\"text-align: left;\">一直以来与自己亲近的特朗普——而且是在整个共和党执政班底都不看好、私下对自己展开调查的前提下仍愿意支持自己的特朗普——现在也终于背叛了自己。</p><p style=\"text-align: left;\">从主流媒体的私德审判,到董事会被商政界外部施压而不得不考虑弹劾,再到自己的政治盟友悉数殆尽。</p><p style=\"text-align: left;\">我们正在目睹自乔布斯之后,科技史上最严重的一次逼宫事件。</p><p style=\"text-align: left;\">当年乔布斯所面对的,主要还是商业逻辑层面的清算。当时,苹果因为麦金塔电脑的销量严重不及预期,而深陷泥潭。固执和暴躁的乔布斯耗尽了董事会和投资人的耐心。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8c1a62f1d3654c4ca5a07e83f2c07f01\" data-align=\"center\" tg-width=\"800\" tg-height=\"450\"/><span></span></p><p style=\"text-align: left;\"></p><p style=\"text-align: left;\">你是愿意卖一辈子小甜水,还是愿意和我一起改变世界?</p><p style=\"text-align: left;\">约翰·斯考利是乔布斯从百事亲自挖过来的职业经理人。但在董事会的压力面前,可能从未真正理解科技创新创业要义的斯考利,在资本和改变世界之间选择了资本。</p><p style=\"text-align: left;\">当然,在今天来看,这还只是一场纯粹发生在董事会会议室里的“家事”。</p><p style=\"text-align: left;\">而今天黄仁勋所遭遇的,可能是一场前所未有的,地缘政治级别的逼宫。</p><p style=\"text-align: left;\">英伟达正处于人类商业史上前所未有的巅峰:业绩总体上无懈可击,市值一再冲高,GPU算力垄断全球——特别是在 2025 年和 2026 上半年通过连锁投资和持股几乎所有的主流 AI 和云计算公司所建立的一套“循环交易”,使得 AI 浪潮的每一枚齿轮都在为其创造财富。</p><p style=\"text-align: left;\">换言之,商业与技术本身根本无法击倒黄仁勋。</p><p style=\"text-align: left;\">正因如此,扳倒他的杠杆只能来自外部——只能将个人私德上升为“地缘安全隐患”,用政治的大棒敲碎创始人的权威。</p><p style=\"text-align: left;\">和乔布斯的遭遇相比,这一次的逼宫,早已不取决于会议室里的董事,而是华盛顿的政客、华尔街的资本之狼,以及渴望重新分割芯片利益版图的各方势力,在运筹帷幄。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9cbb0864029748b7b784ef9bcac26df2\" data-align=\"center\" tg-width=\"747\" tg-height=\"598\"/><span></span></p><p style=\"text-align: left;\"></p><p style=\"text-align: left;\">危险的根源在于黄仁勋对英伟达有着绝对的个人统治。这一现状在过去多年以来创造了一家数万亿美元级公司却能够相对“扁平治理”的神话,今天却成了黄仁勋的阿喀琉斯之踵。</p><p style=\"text-align: left;\">今天的英伟达采用着极为罕见的高度扁平化架构:最多时可达 60 名高管直接向黄仁勋汇报,公司的重大战略与技术路线几乎全部系于他一人之手。他是英伟达最高级别的的布道者、架构师与灵魂。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/92da9517d76c49f9b43b7a0b28ae60d5\" data-align=\"center\" tg-width=\"1080\" tg-height=\"459\"/><span></span></p><p style=\"text-align: left;\"></p><p style=\"text-align: left;\">这一架构设计赋予了英伟达无与伦比的效率和创新性,却也在此刻暴露了最致命的弱点——英伟达没有“二号人物”,没有在黄仁勋遭遇不测时,内部高管能顺利地、直接地承接这一王冠的接班体系。</p><p style=\"text-align: left;\">当年乔布斯出走,苹果尚有 Apple II 的丰厚现金流,以及一个相对成熟的团队维持运转。而今天的英伟达如若强行踢走黄仁勋,不仅英伟达的战略执行面临瞬间休克,整个硅谷乃至全球AI产业的供应链预期都会遭遇断崖式震荡。</p><p style=\"text-align: left;\">更直接一点说:黄仁勋的离开可能会提前触发一场我们知道一定会发生,只是都在等待何时发生的——泡沫破裂。</p><p style=\"text-align: left;\">从这个角度来看,试图逼退黄仁勋的力量,所进行的其实是一场足以影响西方,乃至全球经济的,危险的豪赌。</p><p style=\"text-align: left;\">在国家机器与地缘政治的宏大叙事面前,哪怕是定义了时代的科技巨子,也随时可能沦为博弈中的质子。</p><p style=\"text-align: left;\">作者|杜晨</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/bf18821eb6d943beaeff85f6b6d90a1c","relate_stocks":{"LU0109392836.USD":"富兰克林科技股A","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","LU0187121727.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) INC","LU0823434583.USD":"BNP PARIBAS US GROWTH \"C\" (USD) ACC","LU0210536198.USD":"JPM US GROWTH \"A\" ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","TTEQ":"T. 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日,几条新闻先后传出,再次向黄仁勋使出了更多杀手锏:首先,《纽约时报》记者 Ryan Mac 等人报道称,黄仁勋的出轨对象“另有其人”,而且是在公司内部,是一位曾向其汇报的公司高管。其次,《华尔街日报》 Robbie Whelan 等人报道,英伟达董事会最早将在美国时间周三(截至本文发稿已经过了大半)召开弹劾黄仁勋的会议,决定其是否继续担任 CEO。昨日,Polymarket 上关于黄仁勋被董事会罢免的押注概率还是 13%,今天已经跳升至 77%,且目前已经出现了下一任 CEO 人选的押注,足以说明事态变化之迅速。最后一条消息来自 Axios,它描述了本周在白宫里发生的一次交锋:下午 5 点左右,包括科技顾问马斯克、国务卿卢比奥、贸易谈判代表格里尔、财政部长贝森特、商务部长拉特尼克等人前往特朗普的椭圆形办公室,谈论对可能违反美国禁令运输英伟达处理器的国内外公司进行扩大化的制裁。在场的几乎所有人都支持这次新的制裁,包括曾与黄仁勋亲近的特朗普本人;唯独此前曾支持过特朗普贸易战政策,对华并不友好的商务部长霍华德·拉特尼克,此次站在了所有人的对立面。拉特尼克警告,这将会引发一次新的贸易战。但是拉特尼克一人难以与整个屋子比他更有话语权的人抗衡。众人离开房间后,拉特尼克说:再给我一些时间吧,我可以提出更多的方案回来讨论。Axios 报道援引知情人士描述现场的情况:“其他人说,不,不,决定已经做完了,他妈的去执行吧。(Go fucking execute.)”这一发生在椭圆形办公室里的花边,描绘了可能是黄仁勋最不想看到的情景:一直以来与自己亲近的特朗普——而且是在整个共和党执政班底都不看好、私下对自己展开调查的前提下仍愿意支持自己的特朗普——现在也终于背叛了自己。从主流媒体的私德审判,到董事会被商政界外部施压而不得不考虑弹劾,再到自己的政治盟友悉数殆尽。我们正在目睹自乔布斯之后,科技史上最严重的一次逼宫事件。当年乔布斯所面对的,主要还是商业逻辑层面的清算。当时,苹果因为麦金塔电脑的销量严重不及预期,而深陷泥潭。固执和暴躁的乔布斯耗尽了董事会和投资人的耐心。你是愿意卖一辈子小甜水,还是愿意和我一起改变世界?约翰·斯考利是乔布斯从百事亲自挖过来的职业经理人。但在董事会的压力面前,可能从未真正理解科技创新创业要义的斯考利,在资本和改变世界之间选择了资本。当然,在今天来看,这还只是一场纯粹发生在董事会会议室里的“家事”。而今天黄仁勋所遭遇的,可能是一场前所未有的,地缘政治级别的逼宫。英伟达正处于人类商业史上前所未有的巅峰:业绩总体上无懈可击,市值一再冲高,GPU算力垄断全球——特别是在 2025 年和 2026 上半年通过连锁投资和持股几乎所有的主流 AI 和云计算公司所建立的一套“循环交易”,使得 AI 浪潮的每一枚齿轮都在为其创造财富。换言之,商业与技术本身根本无法击倒黄仁勋。正因如此,扳倒他的杠杆只能来自外部——只能将个人私德上升为“地缘安全隐患”,用政治的大棒敲碎创始人的权威。和乔布斯的遭遇相比,这一次的逼宫,早已不取决于会议室里的董事,而是华盛顿的政客、华尔街的资本之狼,以及渴望重新分割芯片利益版图的各方势力,在运筹帷幄。危险的根源在于黄仁勋对英伟达有着绝对的个人统治。这一现状在过去多年以来创造了一家数万亿美元级公司却能够相对“扁平治理”的神话,今天却成了黄仁勋的阿喀琉斯之踵。今天的英伟达采用着极为罕见的高度扁平化架构:最多时可达 60 名高管直接向黄仁勋汇报,公司的重大战略与技术路线几乎全部系于他一人之手。他是英伟达最高级别的的布道者、架构师与灵魂。这一架构设计赋予了英伟达无与伦比的效率和创新性,却也在此刻暴露了最致命的弱点——英伟达没有“二号人物”,没有在黄仁勋遭遇不测时,内部高管能顺利地、直接地承接这一王冠的接班体系。当年乔布斯出走,苹果尚有 Apple II 的丰厚现金流,以及一个相对成熟的团队维持运转。而今天的英伟达如若强行踢走黄仁勋,不仅英伟达的战略执行面临瞬间休克,整个硅谷乃至全球AI产业的供应链预期都会遭遇断崖式震荡。更直接一点说:黄仁勋的离开可能会提前触发一场我们知道一定会发生,只是都在等待何时发生的——泡沫破裂。从这个角度来看,试图逼退黄仁勋的力量,所进行的其实是一场足以影响西方,乃至全球经济的,危险的豪赌。在国家机器与地缘政治的宏大叙事面前,哪怕是定义了时代的科技巨子,也随时可能沦为博弈中的质子。作者|杜晨","news_type":1,"symbols_score_info":{"ILDR":0.6,"CLSE":0.6,"CHAT":0.6,"IXN":0.6,"NVDQ":0.6,"NVII":0.6,"TRFK":0.6,"VT":0.6,"XLK":0.6,"SHOC":0.6,"AIFD":0.6,"FDTX":0.6,"METV":0.6,"SOXQ":0.6,"USXF":0.6,"NVDO":0.6,"ABFL":0.6,"CNEQ":0.6,"CHPX":0.6,"AIPI":0.6,"VGT":0.6,"NVDU":0.6,"NULC":0.6,"AGOX":0.6,"09388":0.6,"ESLG":0.6,"ARTY":0.6,"ESUM":0.6,"TEK":0.6,"LFGY":0.6,"NVC":0.6,"NVDD":0.6,"ROM":0.6,"IETC":0.6,"07788":0.6,"TTXU":0.6,"JGRO":0.6,"NVDS":0.6,"CMAG":0.6,"SPTE":0.6,"SMH":0.6,"USD":0.6,"NVD":0.6,"SMHX":0.6,"NVDW":0.6,"NVDX":0.6,"FTEC":0.6,"07388":0.6,"TYLG":0.6,"THMR":0.6,"FAI":0.6,"EFIV":0.6,"NVDB":0.6,"WISE":0.6,"SOXX":0.6,"NVDY":0.6,"NVDG":0.6,"NVYY":0.6,"NVDA":2,"DIPS":0.6,"NVDL":0.6,"SOXY":0.6,"TTEQ":0.6,"SNPE":0.6,"ANV":0.6,"09788":0.6,"GAMR":0.6}},"isVote":1,"tweetType":1,"viewCount":1,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":628401626866224,"gmtCreate":1794448121401,"gmtModify":1794448123586,"author":{"id":"3482550532367433","authorId":"3482550532367433","name":"龙腾虎乐","avatar":"https://static.laohu8.com/1530cc5cd548815469551d0b8c1c8ee8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3482550532367433","authorIdStr":"3482550532367433"},"themes":[],"title":"","htmlText":"老黄就坡下驴高点兑现离场也不错[开心] [开心] ","listText":"老黄就坡下驴高点兑现离场也不错[开心] [开心] ","text":"老黄就坡下驴高点兑现离场也不错[开心] [开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/628401626866224","repostId":"1190537568","repostType":2,"repost":{"id":"1190537568","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1794437238,"share":"https://www.laohunote.com/m/news/1190537568?lang=zh_CN&edition=full","pubTime":"2026-11-12 06:47","market":"us","language":"zh","title":"英伟达据报准备罢免黄仁勋,外电再爆其与公司另一名高管发生婚外情","url":"https://stock-news.laohu8.com/highlight/detail?id=1190537568","media":"老虎资讯综合","summary":"核心要点外电报道称,英伟达首席执行官黄仁勋曾与公司一名名叫 Kimberly Powell 的员工发生婚外情。这一报道发布前几天,黄仁勋刚刚承认自己曾与Alice Huang 发生婚外情。此前,《华尔街日报》报道称,该公司董事会正在准备罢免首席执行官黄仁勋。据英国《金融时报》报道,黄仁勋曾与 Alice Huang 保持恋爱关系。英伟达董事会已经启动独立调查,并聘请律师事务所 Wachtell, Lipton, Rosen & Katz,对有关指控展开调查。本周,英伟达 盘后股价已经下跌8%,目前有望连续第六周下跌。","content":"<html><head></head><body><p style=\"text-align: left;\">核心要点</p><ul><li><p style=\"text-align: left;\">外电报道称,英伟达首席执行官黄仁勋曾与公司一名名叫 Kimberly Powell 的员工发生婚外情。</p></li><li><p style=\"text-align: left;\">这一报道发布前几天,黄仁勋刚刚承认自己曾与Alice Huang 发生婚外情。</p></li><li><p style=\"text-align: left;\">Powell 是英伟达医疗保健业务副总裁,于2008年加入公司。</p></li></ul><p style=\"text-align: left;\">周三盘后交易中,英伟达(Nvidia)股价下跌 8%。此前,《华尔街日报》报道称,该公司董事会正在准备罢免首席执行官黄仁勋(Jensen Huang)。</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f6f4b0bfa88b72f56b79819f47b74c92\" data-align=\"center\" tg-width=\"704\" tg-height=\"190\"/><span></span></p><p style=\"text-align: left;\">这一消息发布前几分钟,《纽约时报》刚刚报道称,黄仁勋曾与公司另一名高管发生婚外关系。</p><p style=\"text-align: left;\">据《纽约时报》报道,这段涉嫌存在的婚外关系涉及 Kimberly Powell,她目前担任英伟达医疗保健业务副总裁。</p><p style=\"text-align: left;\">英伟达官网上的个人简介显示,Powell 负责公司的全球医疗保健业务,包括用于加速计算、人工智能和可视化的硬件及软件平台。这些平台为医学影像、生命科学、药物发现以及医疗保健数据分析等领域的生态系统提供支持。</p><p style=\"text-align: left;\">《纽约时报》报道称,今年3月,黄仁勋和 Powell 曾被摄像头拍到在美国加利福尼亚州圣何塞的一家酒店内亲密互动。</p><p style=\"text-align: left;\">Heller 是一家危机公关公司,据报道,黄仁勋最早于去年就聘请了该公司。</p><p style=\"text-align: left;\">这篇报道发布前几天,黄仁勋刚刚承认自己曾与一名女性发生婚外情。</p><p style=\"text-align: left;\">据英国《金融时报》报道,黄仁勋曾与 Alice Huang 保持恋爱关系。</p><p style=\"text-align: left;\">英伟达董事会已经启动独立调查,并聘请律师事务所 Wachtell, Lipton, Rosen & Katz,对有关指控展开调查。</p><p style=\"text-align: left;\">黄仁勋周日在发给英伟达员工的信息中写道:</p><p style=\"text-align: left;\">“我对妻子不忠。我的行为伤害了她和我们的孩子。我所做的一切都没有任何借口。”</p><p style=\"text-align: left;\">“我对此深感抱歉。”</p><p style=\"text-align: left;\">据一位不愿透露姓名的前员工透露,由于此事具有敏感性,有关黄仁勋与 Powell 之间存在婚外情的传闻已经流传多年。部分原因在于,Powell 并没有医疗或科学领域的专业背景。</p><p style=\"text-align: left;\">本周,英伟达 盘后股价已经下跌8%,目前有望连续第六周下跌。这反映出市场普遍担忧人工智能基础设施建设热潮能否持续。</p><p style=\"text-align: left;\">上周,在美国中期选举结束后,人工智能基础设施相关交易遭受了尤为严重的冲击。当时,美国民主党在国会参众两院均取得压倒性多数席位,此外,还有数十项选票提案获得通过,这些提案可能会增加数据中心建设的难度。</p><p style=\"text-align: left;\">黄仁勋已经成为人工智能产业的标志性人物。无论是客户还是竞争对手,通常都直接称呼他的名字——“Jensen”。</p><p style=\"text-align: left;\">由于英伟达的芯片被广泛用于训练人工智能模型,以及运行大规模人工智能工作负载,因此,自人工智能热潮兴起以来,英伟达一直是其中的主要受益者之一。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>英伟达据报准备罢免黄仁勋,外电再爆其与公司另一名高管发生婚外情</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n英伟达据报准备罢免黄仁勋,外电再爆其与公司另一名高管发生婚外情\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2026-11-12 06:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">核心要点</p><ul><li><p style=\"text-align: left;\">外电报道称,英伟达首席执行官黄仁勋曾与公司一名名叫 Kimberly Powell 的员工发生婚外情。</p></li><li><p style=\"text-align: left;\">这一报道发布前几天,黄仁勋刚刚承认自己曾与Alice Huang 发生婚外情。</p></li><li><p style=\"text-align: left;\">Powell 是英伟达医疗保健业务副总裁,于2008年加入公司。</p></li></ul><p style=\"text-align: left;\">周三盘后交易中,英伟达(Nvidia)股价下跌 8%。此前,《华尔街日报》报道称,该公司董事会正在准备罢免首席执行官黄仁勋(Jensen Huang)。</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f6f4b0bfa88b72f56b79819f47b74c92\" data-align=\"center\" tg-width=\"704\" tg-height=\"190\"/><span></span></p><p style=\"text-align: left;\">这一消息发布前几分钟,《纽约时报》刚刚报道称,黄仁勋曾与公司另一名高管发生婚外关系。</p><p style=\"text-align: left;\">据《纽约时报》报道,这段涉嫌存在的婚外关系涉及 Kimberly Powell,她目前担任英伟达医疗保健业务副总裁。</p><p style=\"text-align: left;\">英伟达官网上的个人简介显示,Powell 负责公司的全球医疗保健业务,包括用于加速计算、人工智能和可视化的硬件及软件平台。这些平台为医学影像、生命科学、药物发现以及医疗保健数据分析等领域的生态系统提供支持。</p><p style=\"text-align: left;\">《纽约时报》报道称,今年3月,黄仁勋和 Powell 曾被摄像头拍到在美国加利福尼亚州圣何塞的一家酒店内亲密互动。</p><p style=\"text-align: left;\">Heller 是一家危机公关公司,据报道,黄仁勋最早于去年就聘请了该公司。</p><p style=\"text-align: left;\">这篇报道发布前几天,黄仁勋刚刚承认自己曾与一名女性发生婚外情。</p><p style=\"text-align: left;\">据英国《金融时报》报道,黄仁勋曾与 Alice Huang 保持恋爱关系。</p><p style=\"text-align: left;\">英伟达董事会已经启动独立调查,并聘请律师事务所 Wachtell, Lipton, Rosen & Katz,对有关指控展开调查。</p><p style=\"text-align: left;\">黄仁勋周日在发给英伟达员工的信息中写道:</p><p style=\"text-align: left;\">“我对妻子不忠。我的行为伤害了她和我们的孩子。我所做的一切都没有任何借口。”</p><p style=\"text-align: left;\">“我对此深感抱歉。”</p><p style=\"text-align: left;\">据一位不愿透露姓名的前员工透露,由于此事具有敏感性,有关黄仁勋与 Powell 之间存在婚外情的传闻已经流传多年。部分原因在于,Powell 并没有医疗或科学领域的专业背景。</p><p style=\"text-align: left;\">本周,英伟达 盘后股价已经下跌8%,目前有望连续第六周下跌。这反映出市场普遍担忧人工智能基础设施建设热潮能否持续。</p><p style=\"text-align: left;\">上周,在美国中期选举结束后,人工智能基础设施相关交易遭受了尤为严重的冲击。当时,美国民主党在国会参众两院均取得压倒性多数席位,此外,还有数十项选票提案获得通过,这些提案可能会增加数据中心建设的难度。</p><p style=\"text-align: left;\">黄仁勋已经成为人工智能产业的标志性人物。无论是客户还是竞争对手,通常都直接称呼他的名字——“Jensen”。</p><p style=\"text-align: left;\">由于英伟达的芯片被广泛用于训练人工智能模型,以及运行大规模人工智能工作负载,因此,自人工智能热潮兴起以来,英伟达一直是其中的主要受益者之一。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://community-static.tradeup.com/news/18c351118cb50aaf7d4674f68f1e166f","relate_stocks":{"NVDG":"2倍做多NVDA ETF- Leverage Shares","07788":"南方两倍做多英伟达","NVDL":"2倍做多NVDA ETF-GraniteShares","NVDQ":"2倍做空NVDA ETF-T-Rex","NVDS":"1.5倍做空NVDA ETF-Tradr","NVDA":"英伟达","NVDU":"2倍做多NVDA ETF-Direxion","DIPS":"做空NVDA期权收益策略ETF-YieldMax","NVDW":"NVDA周配息ETF-Roundhill","NVDX":"2倍做多NVDA ETF-T-Rex","NVDO":"2倍上限加速NVDA ETF-Leverage Shares","NVC":"Corgi NVDA 2x Daily ETF","ANV":"GraniteShares Autocallable NVDA ETF","NVDY":"NVDA期权收益策略ETF-YieldMax","NVD":"2倍做空NVDA ETF-GraniteShares","NVYY":"GraniteShares YieldBOOST NVDA ETF","07388":"南方两倍做空英伟达","NVDB":"ProShares Ultra NVDA ETF","NVII":"Rex NVDA Growth & Income ETF","NVDD":"1倍做空NVDA ETF-Direxion"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190537568","content_text":"核心要点外电报道称,英伟达首席执行官黄仁勋曾与公司一名名叫 Kimberly Powell 的员工发生婚外情。这一报道发布前几天,黄仁勋刚刚承认自己曾与Alice Huang 发生婚外情。Powell 是英伟达医疗保健业务副总裁,于2008年加入公司。周三盘后交易中,英伟达(Nvidia)股价下跌 8%。此前,《华尔街日报》报道称,该公司董事会正在准备罢免首席执行官黄仁勋(Jensen Huang)。这一消息发布前几分钟,《纽约时报》刚刚报道称,黄仁勋曾与公司另一名高管发生婚外关系。据《纽约时报》报道,这段涉嫌存在的婚外关系涉及 Kimberly Powell,她目前担任英伟达医疗保健业务副总裁。英伟达官网上的个人简介显示,Powell 负责公司的全球医疗保健业务,包括用于加速计算、人工智能和可视化的硬件及软件平台。这些平台为医学影像、生命科学、药物发现以及医疗保健数据分析等领域的生态系统提供支持。《纽约时报》报道称,今年3月,黄仁勋和 Powell 曾被摄像头拍到在美国加利福尼亚州圣何塞的一家酒店内亲密互动。Heller 是一家危机公关公司,据报道,黄仁勋最早于去年就聘请了该公司。这篇报道发布前几天,黄仁勋刚刚承认自己曾与一名女性发生婚外情。据英国《金融时报》报道,黄仁勋曾与 Alice Huang 保持恋爱关系。英伟达董事会已经启动独立调查,并聘请律师事务所 Wachtell, Lipton, Rosen & Katz,对有关指控展开调查。黄仁勋周日在发给英伟达员工的信息中写道:“我对妻子不忠。我的行为伤害了她和我们的孩子。我所做的一切都没有任何借口。”“我对此深感抱歉。”据一位不愿透露姓名的前员工透露,由于此事具有敏感性,有关黄仁勋与 Powell 之间存在婚外情的传闻已经流传多年。部分原因在于,Powell 并没有医疗或科学领域的专业背景。本周,英伟达 盘后股价已经下跌8%,目前有望连续第六周下跌。这反映出市场普遍担忧人工智能基础设施建设热潮能否持续。上周,在美国中期选举结束后,人工智能基础设施相关交易遭受了尤为严重的冲击。当时,美国民主党在国会参众两院均取得压倒性多数席位,此外,还有数十项选票提案获得通过,这些提案可能会增加数据中心建设的难度。黄仁勋已经成为人工智能产业的标志性人物。无论是客户还是竞争对手,通常都直接称呼他的名字——“Jensen”。由于英伟达的芯片被广泛用于训练人工智能模型,以及运行大规模人工智能工作负载,因此,自人工智能热潮兴起以来,英伟达一直是其中的主要受益者之一。","news_type":1,"symbols_score_info":{"NVDS":0.6,"NVDG":0.6,"NVYY":0.6,"NVD":0.6,"07388":0.6,"NVDY":0.6,"NVDD":0.6,"ANV":0.6,"07788":0.6,"NVDU":0.6,"NVDX":0.6,"NVDW":0.6,"NVDO":0.6,"NVC":0.6,"NVDB":0.6,"NVDQ":0.6,"NVDA":2,"NVDL":0.6,"NVII":0.6,"DIPS":0.6}},"isVote":1,"tweetType":1,"viewCount":8,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":628030564757784,"gmtCreate":1794356535267,"gmtModify":1794356536907,"author":{"id":"3482550532367433","authorId":"3482550532367433","name":"龙腾虎乐","avatar":"https://static.laohu8.com/1530cc5cd548815469551d0b8c1c8ee8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3482550532367433","authorIdStr":"3482550532367433"},"themes":[],"title":"","htmlText":"开盘即破发[笑哭] [笑哭] ","listText":"开盘即破发[笑哭] [笑哭] ","text":"开盘即破发[笑哭] [笑哭]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/628030564757784","repostId":"1145182399","repostType":4,"repost":{"id":"1145182399","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1794355111,"share":"https://www.laohunote.com/m/news/1145182399?lang=zh_CN&edition=full","pubTime":"2026-11-11 07:58","market":"us","language":"zh","title":"Anthropic将IPO发行价定为70至78美元,计划于11月19日开始上市交易","url":"https://stock-news.laohu8.com/highlight/detail?id=1145182399","media":"老虎资讯综合","summary":"要点Anthropic表示,将在即将进行的首次公开募股中发行8.25亿股股票,发行价格区间为每股70至78美元。Anthropic已提交申请,计划在纳斯达克上市,股票代码为“ANT”。据了解相关细节的人士透露,Anthropic计划于11月18日确定发行价格,并于11月19日开始交易。Anthropic表示,在截至9月30日的九个月内,公司实现营收332.4亿美元,较去年同期增长约1,200%。根据上市文件,2025年同期,Anthropic的亏损为251亿美元。","content":"<html><head></head><body><p style=\"text-align: left;\">要点</p><ul><li><p style=\"text-align: left;\">Anthropic表示,将在即将进行的首次公开募股(IPO)中发行8.25亿股股票,发行价格区间为每股70至78美元。</p></li><li><p style=\"text-align: left;\">如果此次发行按预期于11月中旬进行,那么距离SpaceX创纪录的IPO上市将仅过去约五个月。</p></li><li><p style=\"text-align: left;\">Anthropic已提交申请,计划在纳斯达克上市,股票代码为“ANT”。</p></li></ul><p style=\"text-align: left;\">根据Anthropic周二提交的更新版上市文件,该公司表示,将在即将进行的首次公开募股(IPO)中发行8.25亿股股票,发行价格区间为每股70至78美元。这使得这家成立仅5年的人工智能实验室距离在纳斯达克实现可能具有历史意义的上市又近了一步。</p><p style=\"text-align: left;\">据了解相关细节的人士透露,Anthropic计划于11月18日确定发行价格,并于11月19日开始交易。由于这些人士未获授权公开谈论此事,因此要求匿名。</p><p style=\"text-align: left;\">这些人士表示,Anthropic计划将约20%的股票配售给散户投资者,这一比例远高于首次公开募股的通常水平。一般而言,IPO面向散户投资者的配售比例为5%至10%。</p><p style=\"text-align: left;\">按照发行价格区间的上限计算,Anthropic通过此次IPO最多可获得643.5亿美元的募资净额。按照完全稀释后的股本计算,该公司的估值最高可能达到1.405万亿美元,高于其今年5月在一轮融资中公布的9650亿美元估值。</p><p style=\"text-align: left;\">Anthropic表示,该公司已与以下企业达成协议:</p><ul><li><p style=\"text-align: left;\">超威半导体(Advanced Micro Devices,AMD)</p></li><li><p style=\"text-align: left;\">博通(Broadcom)</p></li><li><p style=\"text-align: left;\">谷歌(Google)</p></li><li><p style=\"text-align: left;\">美光科技(Micron)</p></li><li><p style=\"text-align: left;\">微软(Microsoft)</p></li><li><p style=\"text-align: left;\">英伟达(Nvidia)</p></li><li><p style=\"text-align: left;\">台积电(TSMC)</p></li></ul><p style=\"text-align: left;\">这些企业将通过私募配售方式,以与IPO发行价相同的每股价格,购买价值260亿美元的Anthropic N类普通股。</p><p style=\"text-align: left;\">该公司表示,通过私募配售出售的股票不会在此次公开发行中进行注册,也不会受到承销商锁定协议的约束。</p><p style=\"text-align: left;\">随着Anthropic高管准备向投资者推介此次股票发行,他们必须应对动荡的政治环境。</p><p style=\"text-align: left;\">上周举行的美国中期选举中,民主党横扫国会相关选举,并且多个州通过了大量州级投票提案,这些措施可能会放缓人工智能基础设施建设的步伐。</p><p style=\"text-align: left;\">与此同时,他们还面临着一个日益对人工智能投资交易持怀疑态度的公开市场。市场担忧,利率上升将使那些需要借贷购买昂贵基础设施的企业难以承担融资成本。</p><p style=\"text-align: left;\">外电上周报道称,部分Anthropic投资者已经开始为低于此前预期的估值做准备。</p><p style=\"text-align: left;\">直到最近,Anthropic一直将2万亿美元的估值作为目标。但该公司股东表示,如今即使是1.5万亿美元的估值也存在不确定性。一位投资者甚至将这一数字称为“过于勉强的目标”。</p><p style=\"text-align: left;\">如果Anthropic按计划于本月在纳斯达克上市,股票代码为“ANT”,那么此次上市距离SpaceX上市将仅过去约五个月。</p><p style=\"text-align: left;\">此前,SpaceX通过一场创纪录的IPO上市,筹集了857亿美元资金。埃隆·马斯克旗下这家集可重复使用火箭与人工智能业务于一体的公司,目前市值略低于2万亿美元,与其IPO时的估值大致相当。</p><p style=\"text-align: left;\">知情人士表示,目前机构投资者对Anthropic的需求甚至比SpaceX在上市流程相同阶段时还要强劲。</p><p style=\"text-align: left;\">他们表示,按照每股70至78美元的发行价格区间计算,Anthropic的股票订单簿已经获得足额认购,现有认购需求足以覆盖可供分配的股票数量。</p><p style=\"text-align: left;\">Anthropic首席执行官达里奥·阿莫代伊(Dario Amodei)于2021年与一小群研究人员共同创立了这家人工智能实验室。当时,他们从如今已成为Anthropic主要竞争对手的OpenAI离职。</p><p style=\"text-align: left;\">Anthropic最为人熟知的产品是其开发的一系列名为Claude的人工智能模型。该公司主要向其他企业销售产品和服务。</p><p style=\"text-align: left;\">周一,Anthropic推出了两款新的人工智能模型:Claude Fable 5.2和Claude Mythos 5.2。</p><p style=\"text-align: left;\">这是自阿莫代伊今年9月呼吁放缓人工智能发展速度以来,该公司首次发布所谓的前沿模型(Frontier Models)。</p><p style=\"text-align: left;\">阿莫代伊当时在9月发表的一篇文章中提出了这一主张:《我们必须控制前沿技术的发展节奏》。</p><p style=\"text-align: left;\">Anthropic表示,这两款模型在发布前都经过了严格的安全性和对齐测试。此外,公司还在发布之前开发了新的评估体系和发布后监控工具。</p><p style=\"text-align: left;\">Anthropic表示,在截至9月30日的九个月内,公司实现营收332.4亿美元,较去年同期增长约1,200%。</p><p style=\"text-align: left;\">在这九个月期间,公司报告净亏损1,040亿美元,不过其中大部分亏损是由于可转换票据和衍生负债的公允价值发生变化所致。</p><p style=\"text-align: left;\">根据上市文件,2025年同期,Anthropic的亏损为251亿美元。</p><p style=\"text-align: left;\">Anthropic在周二提交的修订版上市文件中表示,截至10月底,其营收运行率(Run-rate Revenue)约为810亿美元,较前一个月增加了100亿美元。</p><p style=\"text-align: left;\">Anthropic联合创始人在招股说明书中写道:</p><p style=\"text-align: left;\">“我们的目标是帮助人类在这场技术演进中找到一条安全的发展道路,开辟新的发现前沿,并迎来一个奇迹的时代。</p><p style=\"text-align: left;\">无论是机构还是个人,所有持有我们股票的人,都将成为这项事业的一部分。我们希望,你们能够认同我们的雄心壮志,并与我们一道将这一目标付诸实现。”</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Anthropic将IPO发行价定为70至78美元,计划于11月19日开始上市交易</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAnthropic将IPO发行价定为70至78美元,计划于11月19日开始上市交易\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2026-11-11 07:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">要点</p><ul><li><p style=\"text-align: left;\">Anthropic表示,将在即将进行的首次公开募股(IPO)中发行8.25亿股股票,发行价格区间为每股70至78美元。</p></li><li><p style=\"text-align: left;\">如果此次发行按预期于11月中旬进行,那么距离SpaceX创纪录的IPO上市将仅过去约五个月。</p></li><li><p style=\"text-align: left;\">Anthropic已提交申请,计划在纳斯达克上市,股票代码为“ANT”。</p></li></ul><p style=\"text-align: left;\">根据Anthropic周二提交的更新版上市文件,该公司表示,将在即将进行的首次公开募股(IPO)中发行8.25亿股股票,发行价格区间为每股70至78美元。这使得这家成立仅5年的人工智能实验室距离在纳斯达克实现可能具有历史意义的上市又近了一步。</p><p style=\"text-align: left;\">据了解相关细节的人士透露,Anthropic计划于11月18日确定发行价格,并于11月19日开始交易。由于这些人士未获授权公开谈论此事,因此要求匿名。</p><p style=\"text-align: left;\">这些人士表示,Anthropic计划将约20%的股票配售给散户投资者,这一比例远高于首次公开募股的通常水平。一般而言,IPO面向散户投资者的配售比例为5%至10%。</p><p style=\"text-align: left;\">按照发行价格区间的上限计算,Anthropic通过此次IPO最多可获得643.5亿美元的募资净额。按照完全稀释后的股本计算,该公司的估值最高可能达到1.405万亿美元,高于其今年5月在一轮融资中公布的9650亿美元估值。</p><p style=\"text-align: left;\">Anthropic表示,该公司已与以下企业达成协议:</p><ul><li><p style=\"text-align: left;\">超威半导体(Advanced Micro Devices,AMD)</p></li><li><p style=\"text-align: left;\">博通(Broadcom)</p></li><li><p style=\"text-align: left;\">谷歌(Google)</p></li><li><p style=\"text-align: left;\">美光科技(Micron)</p></li><li><p style=\"text-align: left;\">微软(Microsoft)</p></li><li><p style=\"text-align: left;\">英伟达(Nvidia)</p></li><li><p style=\"text-align: left;\">台积电(TSMC)</p></li></ul><p style=\"text-align: left;\">这些企业将通过私募配售方式,以与IPO发行价相同的每股价格,购买价值260亿美元的Anthropic N类普通股。</p><p style=\"text-align: left;\">该公司表示,通过私募配售出售的股票不会在此次公开发行中进行注册,也不会受到承销商锁定协议的约束。</p><p style=\"text-align: left;\">随着Anthropic高管准备向投资者推介此次股票发行,他们必须应对动荡的政治环境。</p><p style=\"text-align: left;\">上周举行的美国中期选举中,民主党横扫国会相关选举,并且多个州通过了大量州级投票提案,这些措施可能会放缓人工智能基础设施建设的步伐。</p><p style=\"text-align: left;\">与此同时,他们还面临着一个日益对人工智能投资交易持怀疑态度的公开市场。市场担忧,利率上升将使那些需要借贷购买昂贵基础设施的企业难以承担融资成本。</p><p style=\"text-align: left;\">外电上周报道称,部分Anthropic投资者已经开始为低于此前预期的估值做准备。</p><p style=\"text-align: left;\">直到最近,Anthropic一直将2万亿美元的估值作为目标。但该公司股东表示,如今即使是1.5万亿美元的估值也存在不确定性。一位投资者甚至将这一数字称为“过于勉强的目标”。</p><p style=\"text-align: left;\">如果Anthropic按计划于本月在纳斯达克上市,股票代码为“ANT”,那么此次上市距离SpaceX上市将仅过去约五个月。</p><p style=\"text-align: left;\">此前,SpaceX通过一场创纪录的IPO上市,筹集了857亿美元资金。埃隆·马斯克旗下这家集可重复使用火箭与人工智能业务于一体的公司,目前市值略低于2万亿美元,与其IPO时的估值大致相当。</p><p style=\"text-align: left;\">知情人士表示,目前机构投资者对Anthropic的需求甚至比SpaceX在上市流程相同阶段时还要强劲。</p><p style=\"text-align: left;\">他们表示,按照每股70至78美元的发行价格区间计算,Anthropic的股票订单簿已经获得足额认购,现有认购需求足以覆盖可供分配的股票数量。</p><p style=\"text-align: left;\">Anthropic首席执行官达里奥·阿莫代伊(Dario Amodei)于2021年与一小群研究人员共同创立了这家人工智能实验室。当时,他们从如今已成为Anthropic主要竞争对手的OpenAI离职。</p><p style=\"text-align: left;\">Anthropic最为人熟知的产品是其开发的一系列名为Claude的人工智能模型。该公司主要向其他企业销售产品和服务。</p><p style=\"text-align: left;\">周一,Anthropic推出了两款新的人工智能模型:Claude Fable 5.2和Claude Mythos 5.2。</p><p style=\"text-align: left;\">这是自阿莫代伊今年9月呼吁放缓人工智能发展速度以来,该公司首次发布所谓的前沿模型(Frontier Models)。</p><p style=\"text-align: left;\">阿莫代伊当时在9月发表的一篇文章中提出了这一主张:《我们必须控制前沿技术的发展节奏》。</p><p style=\"text-align: left;\">Anthropic表示,这两款模型在发布前都经过了严格的安全性和对齐测试。此外,公司还在发布之前开发了新的评估体系和发布后监控工具。</p><p style=\"text-align: left;\">Anthropic表示,在截至9月30日的九个月内,公司实现营收332.4亿美元,较去年同期增长约1,200%。</p><p style=\"text-align: left;\">在这九个月期间,公司报告净亏损1,040亿美元,不过其中大部分亏损是由于可转换票据和衍生负债的公允价值发生变化所致。</p><p style=\"text-align: left;\">根据上市文件,2025年同期,Anthropic的亏损为251亿美元。</p><p style=\"text-align: left;\">Anthropic在周二提交的修订版上市文件中表示,截至10月底,其营收运行率(Run-rate Revenue)约为810亿美元,较前一个月增加了100亿美元。</p><p style=\"text-align: left;\">Anthropic联合创始人在招股说明书中写道:</p><p style=\"text-align: left;\">“我们的目标是帮助人类在这场技术演进中找到一条安全的发展道路,开辟新的发现前沿,并迎来一个奇迹的时代。</p><p style=\"text-align: left;\">无论是机构还是个人,所有持有我们股票的人,都将成为这项事业的一部分。我们希望,你们能够认同我们的雄心壮志,并与我们一道将这一目标付诸实现。”</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://community-static.tradeup.com/news/e366453f815cda71024bb579a501990a","relate_stocks":{"ANT":"Anthropic"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145182399","content_text":"要点Anthropic表示,将在即将进行的首次公开募股(IPO)中发行8.25亿股股票,发行价格区间为每股70至78美元。如果此次发行按预期于11月中旬进行,那么距离SpaceX创纪录的IPO上市将仅过去约五个月。Anthropic已提交申请,计划在纳斯达克上市,股票代码为“ANT”。根据Anthropic周二提交的更新版上市文件,该公司表示,将在即将进行的首次公开募股(IPO)中发行8.25亿股股票,发行价格区间为每股70至78美元。这使得这家成立仅5年的人工智能实验室距离在纳斯达克实现可能具有历史意义的上市又近了一步。据了解相关细节的人士透露,Anthropic计划于11月18日确定发行价格,并于11月19日开始交易。由于这些人士未获授权公开谈论此事,因此要求匿名。这些人士表示,Anthropic计划将约20%的股票配售给散户投资者,这一比例远高于首次公开募股的通常水平。一般而言,IPO面向散户投资者的配售比例为5%至10%。按照发行价格区间的上限计算,Anthropic通过此次IPO最多可获得643.5亿美元的募资净额。按照完全稀释后的股本计算,该公司的估值最高可能达到1.405万亿美元,高于其今年5月在一轮融资中公布的9650亿美元估值。Anthropic表示,该公司已与以下企业达成协议:超威半导体(Advanced Micro Devices,AMD)博通(Broadcom)谷歌(Google)美光科技(Micron)微软(Microsoft)英伟达(Nvidia)台积电(TSMC)这些企业将通过私募配售方式,以与IPO发行价相同的每股价格,购买价值260亿美元的Anthropic N类普通股。该公司表示,通过私募配售出售的股票不会在此次公开发行中进行注册,也不会受到承销商锁定协议的约束。随着Anthropic高管准备向投资者推介此次股票发行,他们必须应对动荡的政治环境。上周举行的美国中期选举中,民主党横扫国会相关选举,并且多个州通过了大量州级投票提案,这些措施可能会放缓人工智能基础设施建设的步伐。与此同时,他们还面临着一个日益对人工智能投资交易持怀疑态度的公开市场。市场担忧,利率上升将使那些需要借贷购买昂贵基础设施的企业难以承担融资成本。外电上周报道称,部分Anthropic投资者已经开始为低于此前预期的估值做准备。直到最近,Anthropic一直将2万亿美元的估值作为目标。但该公司股东表示,如今即使是1.5万亿美元的估值也存在不确定性。一位投资者甚至将这一数字称为“过于勉强的目标”。如果Anthropic按计划于本月在纳斯达克上市,股票代码为“ANT”,那么此次上市距离SpaceX上市将仅过去约五个月。此前,SpaceX通过一场创纪录的IPO上市,筹集了857亿美元资金。埃隆·马斯克旗下这家集可重复使用火箭与人工智能业务于一体的公司,目前市值略低于2万亿美元,与其IPO时的估值大致相当。知情人士表示,目前机构投资者对Anthropic的需求甚至比SpaceX在上市流程相同阶段时还要强劲。他们表示,按照每股70至78美元的发行价格区间计算,Anthropic的股票订单簿已经获得足额认购,现有认购需求足以覆盖可供分配的股票数量。Anthropic首席执行官达里奥·阿莫代伊(Dario Amodei)于2021年与一小群研究人员共同创立了这家人工智能实验室。当时,他们从如今已成为Anthropic主要竞争对手的OpenAI离职。Anthropic最为人熟知的产品是其开发的一系列名为Claude的人工智能模型。该公司主要向其他企业销售产品和服务。周一,Anthropic推出了两款新的人工智能模型:Claude Fable 5.2和Claude Mythos 5.2。这是自阿莫代伊今年9月呼吁放缓人工智能发展速度以来,该公司首次发布所谓的前沿模型(Frontier Models)。阿莫代伊当时在9月发表的一篇文章中提出了这一主张:《我们必须控制前沿技术的发展节奏》。Anthropic表示,这两款模型在发布前都经过了严格的安全性和对齐测试。此外,公司还在发布之前开发了新的评估体系和发布后监控工具。Anthropic表示,在截至9月30日的九个月内,公司实现营收332.4亿美元,较去年同期增长约1,200%。在这九个月期间,公司报告净亏损1,040亿美元,不过其中大部分亏损是由于可转换票据和衍生负债的公允价值发生变化所致。根据上市文件,2025年同期,Anthropic的亏损为251亿美元。Anthropic在周二提交的修订版上市文件中表示,截至10月底,其营收运行率(Run-rate Revenue)约为810亿美元,较前一个月增加了100亿美元。Anthropic联合创始人在招股说明书中写道:“我们的目标是帮助人类在这场技术演进中找到一条安全的发展道路,开辟新的发现前沿,并迎来一个奇迹的时代。无论是机构还是个人,所有持有我们股票的人,都将成为这项事业的一部分。我们希望,你们能够认同我们的雄心壮志,并与我们一道将这一目标付诸实现。”","news_type":1,"symbols_score_info":{"ANT":2}},"isVote":1,"tweetType":1,"viewCount":104,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":628026067031560,"gmtCreate":1794356496716,"gmtModify":1794358892107,"author":{"id":"3482550532367433","authorId":"3482550532367433","name":"龙腾虎乐","avatar":"https://static.laohu8.com/1530cc5cd548815469551d0b8c1c8ee8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3482550532367433","authorIdStr":"3482550532367433"},"themes":[],"title":"","htmlText":"才加50?太少了吧[开心] [开心] 怎么也得加100-200才行[捂脸] [捂脸] ","listText":"才加50?太少了吧[开心] [开心] 怎么也得加100-200才行[捂脸] [捂脸] ","text":"才加50?太少了吧[开心] [开心] 怎么也得加100-200才行[捂脸] [捂脸]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/628026067031560","repostId":"2682316101","repostType":2,"repost":{"id":"2682316101","kind":"news","pubTimestamp":1794322110,"share":"https://www.laohunote.com/m/news/2682316101?lang=zh_CN&edition=full","pubTime":"2026-11-10 22:48","market":"sh","language":"zh","title":"AI交易“雪上加霜”!美国CPI浇灭反弹苗头,美联储12月加息50个基点摆上台面","url":"https://stock-news.laohu8.com/highlight/detail?id=2682316101","media":"智通财经","summary":"智通财经APP获悉,美国10月CPI超出预期,把美联储进一步推向加息,并重新点燃了“加息 50 个基点”的讨论。此前,市场已完全计入 12 月加息 25 个基点。Regan Capital首席投资官Skyler Weinand表示,周二公布的CPI数据强于预期,为美联储12月再次加息奠定了基础。选民在中期选举中表达了对通胀和物价上涨的不满,因此美联储必须采取行动,通过加息抑制通胀进一步上升。","content":"<html><head></head><body><p style=\"text-align: left;\">11月10日,美国10月CPI超出预期,把美联储进一步推向加息,并重新点燃了“加息 50 个基点”的讨论。劳工统计局周二公布,整体 CPI 环比上涨 0.4%,虽然较 9 月的 0.6% 有所回落,但高于市场预期的 0.3%;剔除食品和能源的核心 CPI 环比上涨 0.3%,高于预期的 0.2%,与前值持平。这是美联储 12 月 8 日至 9 日会议前能看到的最后一份 CPI 报告。</p><p style=\"text-align: left;\">数据落地后,美债收益率跳涨,美股三大指数开盘下跌。2 年期美债收益率跳升约 12 至 15 个基点至 4.68% 上方,10 年期升逾 7 个基点至 4.94% 附近;美元走强,现货黄金一度跌超 1.5%。而就在一天前,标普 500 刚刚录得 4 月以来的最大单日涨幅。</p><h2 id=\"id_161591212\">核心环比卡在 0.3%,正好踩在沃勒提及的门槛上</h2><p style=\"text-align: left;\"><strong>整体 CPI:10 月 0.4%,预期 0.3%,前值 0.6%;核心 CPI:0.3%,预期 0.2%,前值 0.3%。</strong>需要特别说明的是,本月不公布同比——2025 年 10 月联邦政府停摆期间,劳工统计局未能采集价格数据,缺少可比基期,只发布环比。最近一个可比的同比读数是 9 月的 3.7%。</p><p style=\"text-align: left;\"><strong>分项显示压力仍在扩散:</strong>食品杂货环比上涨 0.4%,为 4 月以来最大涨幅;娱乐与医疗价格上涨;电价上涨 0.9%;机票上涨 0.4%,外卖配送服务价格同样走高——这些都在提示,能源冲击仍在向经济的其他环节渗透。业主等价租金上涨 0.3%。汽油环比上涨 1%,尽管过去一周国际油价因中东停战预期而大跌。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4a7f920a1211901bbcb11a90a600e4ed\" title=\"\" tg-width=\"941\" tg-height=\"568\"/></p><p style=\"text-align: left;\">更能刻画趋势的是年化口径:截至 10 月,核心 CPI 三个月年化上涨 3.7%,六个月年化上涨 2.7%。近端快于远端,说明通胀压力不是在消退,而是在重新聚集。</p><p style=\"text-align: left;\">这份报告也带着明确的政治注脚:价格压力恰好在中期选举前持续积聚,民主党以生活成本为主轴夺回了国会两院,共和党遭遇惨败被普遍归因于高通胀。</p><h2 id=\"id_2922643627\">通胀:三大火种没灭,能源的传导可能还在后面</h2><p style=\"text-align: left;\">今年的通胀有三个火种:2 月爆发的伊朗战争推高能源价格、特朗普政府的进口关税、以及数据中心建设热潮。三者中没有一个是自然熄灭的。</p><p style=\"text-align: left;\">能源端的最新态势是“油价在跌、气价未降”。布伦特原油周二跌破 90 美元,为 8 月以来首次;特朗普表示与伊朗的战争“很快”可以结束,进一步打击不再是必要的,但美国仍“严阵以待”。但传导链条有滞后:美国汽车协会(AAA)数据显示,10 月汽油均价为每加仑 4.32 美元,仅较 9 月的 4.34 美元微降,仍比伊朗战争爆发前高出约 34%。<strong>经济学家担心的是,过去数月能源价格的大幅攀升,向更广泛商品与服务的传导可能还在后面——能源密集行业已经显现压力,大量采购燃料的公司正在转嫁成本。</strong></p><p style=\"text-align: left;\">上游的证据同样不乐观:9 月生产者价格指数(PPI)同比上涨 6.3%,为三年多来最大涨幅;美联储理事沃勒援引联储员工的分析称,未来还会有更多生产端涨价,能源冲击可能比最初预想的更持久。美联储跟踪的 PCE 物价指数不受去年缺数据影响,整体与核心目前都在 3% 以上——远高于 2% 目标。</p><p style=\"text-align: left;\">微观层面还有一条旁证:同日公布的 NFIB 小企业调查显示,净 37% 的业主计划未来三个月提价,为四年多来最高。小企业是服务业价格的“最后一环”定价者,其提价意愿比 CPI 本身更能预示核心服务通胀的方向。</p><p style=\"text-align: left;\">Annex Wealth Management首席经济策略师Brian Jacobsen表示,核心CPI月率再次达到0.3%。问题不仅在于整体CPI仍然偏高,而且油价冲击也已经传导至核心通胀。芝加哥联储主席古尔斯比今年没有投票权,但当他指出AI需求可能成为美联储需要加以抑制的因素时,他或许代表了许多美联储官员的看法。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/04b761d9292c6cc7adbd26e2f93ef3a4\" title=\"\" tg-width=\"1021\" tg-height=\"630\"/></p><p style=\"text-align: left;\">此外,美联储理事沃勒表示,他可能支持一次幅度更大的加息。美联储现在可能更加担心,AI投资需求会挤占其他经济活动的资源,并推高物价。暂且不谈油价,新的美联储担忧可能是水管工和电工等技术工种的雇佣成本上涨。</p><h2 id=\"id_3747490739\">美联储:25 个基点几乎定价完毕,50 个基点摆上桌面</h2><p style=\"text-align: left;\">政策背景是一条清晰的加息通道。美联储 9 月以 12:0 投票加息 25 个基点、将联邦基金利率目标区间升至 3.75%—4.00%,为 2023 年 7 月以来首次;10 月会议以 10:2 投票维持不变,两名理事主张继续加息,声明承认“通胀仍处于高位”。12 月 8 日至 9 日会议前,10 月非农新增 16.5 万人、失业率降至 4.1%,就业端已完全不构成约束——CPI 是最后一个变量。</p><p style=\"text-align: left;\">真正的爆点在数据发布之前就已埋下。美联储理事沃勒周二早些时候表示,他本就倾向于 12 月加息 25 个基点;如果核心 CPI 环比达到 0.3% 或更高——“我认为应该考虑在 12 月会议上加息 50 个基点。只加 25 个基点会让我们的信誉面临风险,这个风险我不愿承担。”他还表示,美联储员工的分析显示未来生产端价格还会上涨,能源冲击可能更持久,他尤其担心价格上涨的广度。</p><p style=\"text-align: left;\"><strong>10 月核心 CPI 恰好落在 0.3%——正好踩在沃勒划下的门槛上。数据公布后,交易员加大了对 12 月加息 50 个基点的押注,并进一步加大对 2027 年年中前至少再加息两次的定价。此前,市场已完全计入 12 月加息 25 个基点(沃勒发言后概率升至约 100%)。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/30edf13472b0ffeaafadd3690347f458\" title=\"\" tg-width=\"522\" tg-height=\"349\"/></p><p style=\"text-align: left;\">Regan Capital首席投资官Skyler Weinand表示,周二公布的CPI数据强于预期,为美联储12月再次加息奠定了基础。显然,美联储无法忽视通胀数据明显回升的事实。选民在中期选举中表达了对通胀和物价上涨的不满,因此美联储必须采取行动,通过加息抑制通胀进一步上升。最近公布的就业报告显示,美国10月就业增长强劲,且此前几个月的数据也被上修,这为美联储继续加息提供了依据。显然,美联储可以在不损害劳动力市场的情况下再加息一点以平息通胀,因为劳动力市场已经根基稳固。</p><p style=\"text-align: left;\">不过,Natixis分析师Christopher Hodge提醒,沃勒的表态仅代表其个人,并不必然代表理事会其他成员或美联储主席沃什的立场——沃什的风格是要看到连续、完整、交叉验证后的趋势再行动,不依靠单月、有缺陷的孤立数据做重大政策调整。其二,多数机构(包括高盛与摩根士丹利的解读)仍认为,鉴于这份 CPI 缺少同比、存在单月偶然性,美联储 12 月大概率优先选择 25 个基点,不会轻易一步加到 50个基点。</p><p style=\"text-align: left;\">高盛资管的 <a href=\"https://laohu8.com/S/LNN\">Lindsay</a> Rosner 表述得最直白:“CPI 持续强劲,美联储可能推行更激进的紧缩周期。12 月加息是我们的坚定基准情形——尽管 AI 市场风声鹤唳——顽固通胀意味着不能排除 2027 年进一步加息。”</p><p style=\"text-align: left;\">反向变量也有:油价跌破 90 美元、中东停战推进,正是这条线在周一把股市拉了回来。经济学家称,只有股市的大幅抛售或信用利差的显著走阔,才能阻止美联储在 12 月紧缩。</p><h2 id=\"id_1057611918\">AI 交易:只反弹了一天,CPI出场砸盘</h2><p style=\"text-align: left;\">对 AI 板块而言,这份 CPI 来得最不是时候。上周的剧本是政治:民主党全面赢得中期选举后,市场担心新政府对数据中心与 AI 基建的监管将推高成本、限制建设,AI 相关股票遭遇重挫——CoreWeave 单周下跌 15%、较六个月前高点跌去 65%,Nebius、IREN 等“新云”同步大跌,部分新云债券收益率升破 15% 而落入困境区间;德州州长当选人已呼吁立即暂停数据中心项目。本周一的剧本是缓和:油价大跌带动标普 500 录得 4 月以来最大单日涨幅,纳指 100 大涨逾 3%,AI 交易似乎喘过一口气。</p><p style=\"text-align: left;\">然后,今天剧本换成了利率。CPI 双超预期落地,美股三大指数开盘下跌,2 年期美债收益率跳升逾 12 个基点、向 4.70% 靠拢,市场把 2027 年年中前的累计加息预期抬得更高。<strong>对长久期、高倍数的 AI 标的而言,这不是抽象的宏观背景,而是贴现率的直接抬升——尤其当下这轮通胀的火种之一,恰恰是 AI 自己的数据中心建设热潮。AI 资本开支推高通胀、通胀引来加息、加息压制 AI 估值,这条负反馈正是当前市场最担心的闭环。</strong></p><p style=\"text-align: left;\">接下来两个观察点几乎首尾相接。其一,今晚盘后 CoreWeave 发布财报,期权市场隐含约 18% 的单日波动——市场原本争论的是监管与债务,现在还得叠加上“利率还要再上一层”。其二,11 月 18 日 <a href=\"https://laohu8.com/S/ANT\">Anthropic</a> 的 IPO 定价:这家公司刚在招股文件中给出约 1.4 万亿美元的完全稀释估值、寻求合计最多 904 亿美元的募资,投资者本就被迫判断 AI 估值是合理路径还是过度自信,如今定价窗口恰好撞上“至少再加息两次”的利率路径。</p><p style=\"text-align: left;\">高盛资管的 Rosner 把两件事钉在了同一句话里:12 月加息是基准情形,“尽管 AI 市场风声鹤唳”。翻译成交易语言:AI 交易眼下要对冲的,已经不只是监管这一个敌人。</p></body></html>","source":"stock_zhitongcaijing","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AI交易“雪上加霜”!美国CPI浇灭反弹苗头,美联储12月加息50个基点摆上台面</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAI交易“雪上加霜”!美国CPI浇灭反弹苗头,美联储12月加息50个基点摆上台面\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-11-10 22:48 北京时间 <a href=http://www.zhitongcaijing.com/content/detail/1521359.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>11月10日,美国10月CPI超出预期,把美联储进一步推向加息,并重新点燃了“加息 50 个基点”的讨论。劳工统计局周二公布,整体 CPI 环比上涨 0.4%,虽然较 9 月的 0.6% 有所回落,但高于市场预期的 0.3%;剔除食品和能源的核心 CPI 环比上涨 0.3%,高于预期的 0.2%,与前值持平。这是美联储 12 月 8 日至 9 日会议前能看到的最后一份 CPI 报告。数据落地后,...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1521359.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4f6ec6e99c0c8b9feb7f296b78c65a54","relate_stocks":{"SPYM":"投资组合标普500指数ETF-SPDR","SPXU":"三倍做空标普500ETF-ProShares","SPYQ":"2倍做多SPY Quarterly ETF-Tradr","DXD":"两倍做空道琼30指数ETF-ProShares","YSPY":"GraniteShares YieldBOOST SPY ETF","SPY":"标普500ETF","DOG":"道指ETF-ProShares做空","SDOW":"三倍做空道指30ETF-ProShares","SPYU":"MAX S&P 500 4X Leveraged ETN","DMAX":"ISHARES LARGE CAP MAX BUFFER DEC ETF","UPRO":"三倍做多标普500ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares","UDOW":"三倍做多道指30ETF-ProShares","HIBL":"Direxion Daily S&P 500 High Beta Bull 3X Shares","SPXL":"三倍做多标普500ETF-Direxion",".DJI":"道琼斯","SSO":"2倍做多标普500ETF-ProShares","MMAX":"iShares Large Cap Max Buffer Mar ETF",".IXIC":"NASDAQ Composite","VOO":"Vanguard标普500ETF","IVV":"标普500ETF-iShares","SMAX":"ISHARES LARGE CAP MAX BUFFER SEP ETF","SH":"做空标普500-Proshares",".SPX":"S&P 500 Index","DDM":"2倍做多道指ETF-ProShares","SPUU":"Direxion Daily S&P 500 Bull 2x Shares","SPYH":"Neos S&P 500 Hedged Equity Income ETF","SPDN":"Direxion Daily S&P 500 Bear 1X Shares","SPXS":"三倍做空标普500ETF-Direxion","DIA":"道琼斯ETF"},"source_url":"http://www.zhitongcaijing.com/content/detail/1521359.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2682316101","content_text":"11月10日,美国10月CPI超出预期,把美联储进一步推向加息,并重新点燃了“加息 50 个基点”的讨论。劳工统计局周二公布,整体 CPI 环比上涨 0.4%,虽然较 9 月的 0.6% 有所回落,但高于市场预期的 0.3%;剔除食品和能源的核心 CPI 环比上涨 0.3%,高于预期的 0.2%,与前值持平。这是美联储 12 月 8 日至 9 日会议前能看到的最后一份 CPI 报告。数据落地后,美债收益率跳涨,美股三大指数开盘下跌。2 年期美债收益率跳升约 12 至 15 个基点至 4.68% 上方,10 年期升逾 7 个基点至 4.94% 附近;美元走强,现货黄金一度跌超 1.5%。而就在一天前,标普 500 刚刚录得 4 月以来的最大单日涨幅。核心环比卡在 0.3%,正好踩在沃勒提及的门槛上整体 CPI:10 月 0.4%,预期 0.3%,前值 0.6%;核心 CPI:0.3%,预期 0.2%,前值 0.3%。需要特别说明的是,本月不公布同比——2025 年 10 月联邦政府停摆期间,劳工统计局未能采集价格数据,缺少可比基期,只发布环比。最近一个可比的同比读数是 9 月的 3.7%。分项显示压力仍在扩散:食品杂货环比上涨 0.4%,为 4 月以来最大涨幅;娱乐与医疗价格上涨;电价上涨 0.9%;机票上涨 0.4%,外卖配送服务价格同样走高——这些都在提示,能源冲击仍在向经济的其他环节渗透。业主等价租金上涨 0.3%。汽油环比上涨 1%,尽管过去一周国际油价因中东停战预期而大跌。更能刻画趋势的是年化口径:截至 10 月,核心 CPI 三个月年化上涨 3.7%,六个月年化上涨 2.7%。近端快于远端,说明通胀压力不是在消退,而是在重新聚集。这份报告也带着明确的政治注脚:价格压力恰好在中期选举前持续积聚,民主党以生活成本为主轴夺回了国会两院,共和党遭遇惨败被普遍归因于高通胀。通胀:三大火种没灭,能源的传导可能还在后面今年的通胀有三个火种:2 月爆发的伊朗战争推高能源价格、特朗普政府的进口关税、以及数据中心建设热潮。三者中没有一个是自然熄灭的。能源端的最新态势是“油价在跌、气价未降”。布伦特原油周二跌破 90 美元,为 8 月以来首次;特朗普表示与伊朗的战争“很快”可以结束,进一步打击不再是必要的,但美国仍“严阵以待”。但传导链条有滞后:美国汽车协会(AAA)数据显示,10 月汽油均价为每加仑 4.32 美元,仅较 9 月的 4.34 美元微降,仍比伊朗战争爆发前高出约 34%。经济学家担心的是,过去数月能源价格的大幅攀升,向更广泛商品与服务的传导可能还在后面——能源密集行业已经显现压力,大量采购燃料的公司正在转嫁成本。上游的证据同样不乐观:9 月生产者价格指数(PPI)同比上涨 6.3%,为三年多来最大涨幅;美联储理事沃勒援引联储员工的分析称,未来还会有更多生产端涨价,能源冲击可能比最初预想的更持久。美联储跟踪的 PCE 物价指数不受去年缺数据影响,整体与核心目前都在 3% 以上——远高于 2% 目标。微观层面还有一条旁证:同日公布的 NFIB 小企业调查显示,净 37% 的业主计划未来三个月提价,为四年多来最高。小企业是服务业价格的“最后一环”定价者,其提价意愿比 CPI 本身更能预示核心服务通胀的方向。Annex Wealth Management首席经济策略师Brian Jacobsen表示,核心CPI月率再次达到0.3%。问题不仅在于整体CPI仍然偏高,而且油价冲击也已经传导至核心通胀。芝加哥联储主席古尔斯比今年没有投票权,但当他指出AI需求可能成为美联储需要加以抑制的因素时,他或许代表了许多美联储官员的看法。此外,美联储理事沃勒表示,他可能支持一次幅度更大的加息。美联储现在可能更加担心,AI投资需求会挤占其他经济活动的资源,并推高物价。暂且不谈油价,新的美联储担忧可能是水管工和电工等技术工种的雇佣成本上涨。美联储:25 个基点几乎定价完毕,50 个基点摆上桌面政策背景是一条清晰的加息通道。美联储 9 月以 12:0 投票加息 25 个基点、将联邦基金利率目标区间升至 3.75%—4.00%,为 2023 年 7 月以来首次;10 月会议以 10:2 投票维持不变,两名理事主张继续加息,声明承认“通胀仍处于高位”。12 月 8 日至 9 日会议前,10 月非农新增 16.5 万人、失业率降至 4.1%,就业端已完全不构成约束——CPI 是最后一个变量。真正的爆点在数据发布之前就已埋下。美联储理事沃勒周二早些时候表示,他本就倾向于 12 月加息 25 个基点;如果核心 CPI 环比达到 0.3% 或更高——“我认为应该考虑在 12 月会议上加息 50 个基点。只加 25 个基点会让我们的信誉面临风险,这个风险我不愿承担。”他还表示,美联储员工的分析显示未来生产端价格还会上涨,能源冲击可能更持久,他尤其担心价格上涨的广度。10 月核心 CPI 恰好落在 0.3%——正好踩在沃勒划下的门槛上。数据公布后,交易员加大了对 12 月加息 50 个基点的押注,并进一步加大对 2027 年年中前至少再加息两次的定价。此前,市场已完全计入 12 月加息 25 个基点(沃勒发言后概率升至约 100%)。Regan Capital首席投资官Skyler Weinand表示,周二公布的CPI数据强于预期,为美联储12月再次加息奠定了基础。显然,美联储无法忽视通胀数据明显回升的事实。选民在中期选举中表达了对通胀和物价上涨的不满,因此美联储必须采取行动,通过加息抑制通胀进一步上升。最近公布的就业报告显示,美国10月就业增长强劲,且此前几个月的数据也被上修,这为美联储继续加息提供了依据。显然,美联储可以在不损害劳动力市场的情况下再加息一点以平息通胀,因为劳动力市场已经根基稳固。不过,Natixis分析师Christopher Hodge提醒,沃勒的表态仅代表其个人,并不必然代表理事会其他成员或美联储主席沃什的立场——沃什的风格是要看到连续、完整、交叉验证后的趋势再行动,不依靠单月、有缺陷的孤立数据做重大政策调整。其二,多数机构(包括高盛与摩根士丹利的解读)仍认为,鉴于这份 CPI 缺少同比、存在单月偶然性,美联储 12 月大概率优先选择 25 个基点,不会轻易一步加到 50个基点。高盛资管的 Lindsay Rosner 表述得最直白:“CPI 持续强劲,美联储可能推行更激进的紧缩周期。12 月加息是我们的坚定基准情形——尽管 AI 市场风声鹤唳——顽固通胀意味着不能排除 2027 年进一步加息。”反向变量也有:油价跌破 90 美元、中东停战推进,正是这条线在周一把股市拉了回来。经济学家称,只有股市的大幅抛售或信用利差的显著走阔,才能阻止美联储在 12 月紧缩。AI 交易:只反弹了一天,CPI出场砸盘对 AI 板块而言,这份 CPI 来得最不是时候。上周的剧本是政治:民主党全面赢得中期选举后,市场担心新政府对数据中心与 AI 基建的监管将推高成本、限制建设,AI 相关股票遭遇重挫——CoreWeave 单周下跌 15%、较六个月前高点跌去 65%,Nebius、IREN 等“新云”同步大跌,部分新云债券收益率升破 15% 而落入困境区间;德州州长当选人已呼吁立即暂停数据中心项目。本周一的剧本是缓和:油价大跌带动标普 500 录得 4 月以来最大单日涨幅,纳指 100 大涨逾 3%,AI 交易似乎喘过一口气。然后,今天剧本换成了利率。CPI 双超预期落地,美股三大指数开盘下跌,2 年期美债收益率跳升逾 12 个基点、向 4.70% 靠拢,市场把 2027 年年中前的累计加息预期抬得更高。对长久期、高倍数的 AI 标的而言,这不是抽象的宏观背景,而是贴现率的直接抬升——尤其当下这轮通胀的火种之一,恰恰是 AI 自己的数据中心建设热潮。AI 资本开支推高通胀、通胀引来加息、加息压制 AI 估值,这条负反馈正是当前市场最担心的闭环。接下来两个观察点几乎首尾相接。其一,今晚盘后 CoreWeave 发布财报,期权市场隐含约 18% 的单日波动——市场原本争论的是监管与债务,现在还得叠加上“利率还要再上一层”。其二,11 月 18 日 Anthropic 的 IPO 定价:这家公司刚在招股文件中给出约 1.4 万亿美元的完全稀释估值、寻求合计最多 904 亿美元的募资,投资者本就被迫判断 AI 估值是合理路径还是过度自信,如今定价窗口恰好撞上“至少再加息两次”的利率路径。高盛资管的 Rosner 把两件事钉在了同一句话里:12 月加息是基准情形,“尽管 AI 市场风声鹤唳”。翻译成交易语言:AI 交易眼下要对冲的,已经不只是监管这一个敌人。","news_type":1,"symbols_score_info":{"HIBL":0.6,"SPY":0.6,"SMAX":0.6,"SPDN":0.6,"SDOW":0.6,"DIA":0.6,"VOO":0.6,".IXIC":2,"SPUU":0.6,"SPYQ":0.6,"DXD":0.6,"IVV":0.6,"MMAX":0.6,"SPXL":0.6,"DOG":0.6,"YSPY":0.6,".DJI":2,"SPYH":0.6,"SH":0.6,".SPX":2,"UPRO":0.6,"DDM":0.6,"SPXU":0.6,"SDS":0.6,"SPXS":0.6,"UDOW":0.6,"SPYU":0.6,"SSO":0.6,"DMAX":0.6,"SPYM":0.6}},"isVote":1,"tweetType":1,"viewCount":1,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":627828542604872,"gmtCreate":1794308274814,"gmtModify":1794308276935,"author":{"id":"3482550532367433","authorId":"3482550532367433","name":"龙腾虎乐","avatar":"https://static.laohu8.com/1530cc5cd548815469551d0b8c1c8ee8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3482550532367433","authorIdStr":"3482550532367433"},"themes":[],"title":"","htmlText":"没事[捂脸] 不在意你一次提高100个基点[开心] 以后每个月加一次挺好","listText":"没事[捂脸] 不在意你一次提高100个基点[开心] 以后每个月加一次挺好","text":"没事[捂脸] 不在意你一次提高100个基点[开心] 以后每个月加一次挺好","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/627828542604872","repostId":"2682815393","repostType":4,"repost":{"id":"2682815393","kind":"live","pubTimestamp":1794305452,"share":"https://www.laohunote.com/m/news/2682815393?lang=zh_CN&edition=full","pubTime":"2026-11-10 18:10","market":"us","language":"zh","title":"美联储理事沃勒:我们并非超级鹰派 不会加息150或200个基点","url":"https://stock-news.laohu8.com/highlight/detail?id=2682815393","media":"格隆汇","summary":"美联储理事沃勒发表讲话:“我们至少需要收回此前三次预防性降息。我们并非超级偏鹰,我们只是不想重创经济,不想让经济急剧下滑。我们不会把利率提高150或200个基点。”","content":"<html><head></head><body><p style=\"text-align: left;\">美联储理事沃勒发表讲话:“我们至少需要收回此前三次预防性降息。我们并非超级偏鹰,我们只是不想重创经济,不想让经济急剧下滑。我们不会把利率提高150或200个基点。”</p></body></html>","source":"live_gelonghui","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" 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href=https://www.gelonghui.com/rss/live/live.xml><strong>格隆汇</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>美联储理事沃勒发表讲话:“我们至少需要收回此前三次预防性降息。我们并非超级偏鹰,我们只是不想重创经济,不想让经济急剧下滑。我们不会把利率提高150或200个基点。”</p>\n\n<a href=\"https://www.gelonghui.com/rss/live/live.xml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0f9e9a265cb0e7e8cb195039b2fe24a4","relate_stocks":{"SMAX":"ISHARES LARGE CAP MAX BUFFER SEP ETF","SH":"做空标普500-Proshares","SPYH":"Neos S&P 500 Hedged Equity Income ETF","DDM":"2倍做多道指ETF-ProShares","SPUU":"Direxion Daily S&P 500 Bull 2x Shares","SPXS":"三倍做空标普500ETF-Direxion","IVV":"标普500ETF-iShares","SPDN":"Direxion Daily S&P 500 Bear 1X Shares","SPYM":"投资组合标普500指数ETF-SPDR","SDS":"两倍做空标普500 ETF-ProShares","SPXU":"三倍做空标普500ETF-ProShares","SPYQ":"2倍做多SPY Quarterly ETF-Tradr","DIA":"道琼斯ETF",".DJI":"道琼斯","DMAX":"ISHARES LARGE CAP MAX BUFFER DEC ETF","YSPY":"GraniteShares YieldBOOST SPY 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ETF","SSO":"2倍做多标普500ETF-ProShares","VOO":"Vanguard标普500ETF"},"source_url":"https://www.gelonghui.com/rss/live/live.xml","is_english":false,"share_image_url":"https://static.laohu8.com/6b8fa6424aebe95f6781d04ef17a1852","article_id":"2682815393","content_text":"美联储理事沃勒发表讲话:“我们至少需要收回此前三次预防性降息。我们并非超级偏鹰,我们只是不想重创经济,不想让经济急剧下滑。我们不会把利率提高150或200个基点。”","news_type":1,"symbols_score_info":{"DXD":0.6,".SPX":2,"SPYH":0.6,"SPYQ":0.6,"SPXS":0.6,"UPRO":0.6,"VOO":0.6,"MMAX":0.6,"SDS":0.6,"DMAX":0.6,"QQQ":2,"HIBL":0.6,"YSPY":0.6,"DIA":0.6,"SPXL":0.6,"NQmain":2,"YMmain":2,"SPDN":0.6,"DOG":0.6,"SPYM":0.6,"SPXU":0.6,"ESmain":2,"SPY":0.6,"DDM":0.6,"SSO":0.6,"SPUU":0.6,".IXIC":2,".DJI":2,"SMAX":0.6,"SDOW":0.6,"SH":0.6,"IVV":0.6,"SPYU":0.6,"UDOW":0.6}},"isVote":1,"tweetType":1,"viewCount":240,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":627259264144408,"gmtCreate":1794154607180,"gmtModify":1794154609698,"author":{"id":"3482550532367433","authorId":"3482550532367433","name":"龙腾虎乐","avatar":"https://static.laohu8.com/1530cc5cd548815469551d0b8c1c8ee8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3482550532367433","authorIdStr":"3482550532367433"},"themes":[],"title":"","htmlText":"这是说崩马上崩的小行当[开心] 更算不过帐","listText":"这是说崩马上崩的小行当[开心] 更算不过帐","text":"这是说崩马上崩的小行当[开心] 更算不过帐","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/627259264144408","repostId":"1154296420","repostType":4,"repost":{"id":"1154296420","kind":"news","pubTimestamp":1794121283,"share":"https://www.laohunote.com/m/news/1154296420?lang=zh_CN&edition=full","pubTime":"2026-11-08 15:01","market":"us","language":"zh","title":"美国民主党胜选后算力股崩了,但数据中心建设逻辑未崩","url":"https://stock-news.laohu8.com/highlight/detail?id=1154296420","media":"巴伦周刊","summary":"本周民主党拿下国会控制权,引发投资者恐慌,他们担心地方官员会阻挠辖区内的数据中心建设。在国会控制权发生转变之后,将建成多少数据中心以及何时建成,成为一个问题。在中期选举结果出炉后,Vertiv Holdings股价周三下跌约13%,至205.55美元。随着各家公司争相加快建设,以满足激增的AI算力需求,当地对承载数据中心的反对声音也在增长。选民投票后,几乎所有限制数据中心扩张的地方提案都获得通过。Bloom Energy的股价周五上涨了4.3%。","content":"<html><head></head><body><p style=\"text-align: justify;\"><span>本周民主党拿下国会控制权,引发投资者恐慌,他们担心地方官员会阻挠辖区内的数据中心建设。</span></p><p style=\"text-align: justify;\"><span>受这波冲击的包括Vertiv Holdings和其他AI电力概念股。</span></p><p style=\"text-align: justify;\"><span>但对这些公司而言,地方层面的投票结果其实不该有那么大的影响。<strong>贝思波投资集团</strong>(Bespoke Investment Group)<strong>周五指出,只要数据中心最终在某个地方建成,具体建在哪里并不重要。</strong></span></p><p style=\"text-align: justify;\"><span>该机构在周五的一份报告中写道:“随着半导体板块自6月22日的高点回落近40%,AI交易正处在一轮凶猛的熊市之中。”</span></p><p style=\"text-align: justify;\"><span>“不过,世界很大,”该机构补充道。“而且有许多与数据中心建设相关的<strong>‘卖铲子’型股票并不依赖具体地点</strong>——只要数据中心能在某个地方建起来就行。”</span></p><p style=\"text-align: justify;\"><span><strong>在国会控制权发生转变之后,将建成多少数据中心以及何时建成,成为一个问题。但数据中心一旦开建,设备供应商就会用芯片、冷却系统和电力组件让它们运转起来。</strong></span></p><p style=\"text-align: justify;\"><span>其中不少公司都需要这样的提振。</span></p><p style=\"text-align: justify;\"><span>光模块与网络设备股自6月22日高点<strong>大跌约45%</strong>;电力及备用电源标的<strong>回落约43%</strong>;热管理相关个股<strong>跌幅接近39%</strong>。Vertiv Holdings是冷却与电力硬件的核心供应商,市场担忧它会面临更严监管带来的压力,其股价自52周高点<strong>累计下跌约54%</strong>,不过周五反弹3.9%,收于183.52 美元。</span></p><p style=\"text-align: justify;\"><span>在中期选举结果出炉后,Vertiv Holdings股价周三下跌约13%,至205.55美元。</span></p><p style=\"text-align: justify;\"><span>数据中心在本轮选举周期中成为一个关键议题。随着各家公司争相加快建设,以满足激增的AI算力需求,当地对承载数据中心的反对声音也在增长。选民投票后,几乎所有限制数据中心扩张的地方提案都获得通过。</span></p><p style=\"text-align: justify;\"><span><strong>矛盾的是,更严格的规定可能反而有利于亚马逊、微软、Alphabet和Meta等超大规模云服务商。</strong>正如Barron's本周指出的那样,华尔街此前已经担心这些公司在建设数据中心上烧钱过多。如果政界人士迫使它们放慢节奏,那么相关支出也可能随之放缓,从而改善它们的现金流和利润。</span></p><p style=\"text-align: justify;\"><span><strong>Bloom Energy则是另一只可能逆势而行的股票。</strong>该公司使用基于燃料电池的现场供电来绕开电网,其首席执行官KR Sridhar此前曾提到,公司可能会从数据中心建设遇阻中受益。Bloom Energy的股价周五上涨了4.3%。</span></p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" 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href=\"https://mp.weixin.qq.com/s/tNKRCMfXzWI7AgkzDUzYjA\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://community-static.tradeup.com/news/877d6c09361a6f9a62a384686994ca32","relate_stocks":{"BEG":"2倍做多BE ETF-Leverage Shares","BEC":"Corgi BE 2x Daily ETF","BE":"Bloom Energy Corp","VRT":"Vertiv Holdings LLC","BEX":"2倍做多BE ETF-Tradr","VRTL":"2倍做多VRT ETF-GraniteShares","VRC":"Corgi VRT 2x Daily ETF","BEZ":"Tradr 2X Short BE Daily ETF"},"source_url":"https://mp.weixin.qq.com/s/tNKRCMfXzWI7AgkzDUzYjA","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154296420","content_text":"本周民主党拿下国会控制权,引发投资者恐慌,他们担心地方官员会阻挠辖区内的数据中心建设。受这波冲击的包括Vertiv Holdings和其他AI电力概念股。但对这些公司而言,地方层面的投票结果其实不该有那么大的影响。贝思波投资集团(Bespoke Investment Group)周五指出,只要数据中心最终在某个地方建成,具体建在哪里并不重要。该机构在周五的一份报告中写道:“随着半导体板块自6月22日的高点回落近40%,AI交易正处在一轮凶猛的熊市之中。”“不过,世界很大,”该机构补充道。“而且有许多与数据中心建设相关的‘卖铲子’型股票并不依赖具体地点——只要数据中心能在某个地方建起来就行。”在国会控制权发生转变之后,将建成多少数据中心以及何时建成,成为一个问题。但数据中心一旦开建,设备供应商就会用芯片、冷却系统和电力组件让它们运转起来。其中不少公司都需要这样的提振。光模块与网络设备股自6月22日高点大跌约45%;电力及备用电源标的回落约43%;热管理相关个股跌幅接近39%。Vertiv Holdings是冷却与电力硬件的核心供应商,市场担忧它会面临更严监管带来的压力,其股价自52周高点累计下跌约54%,不过周五反弹3.9%,收于183.52 美元。在中期选举结果出炉后,Vertiv Holdings股价周三下跌约13%,至205.55美元。数据中心在本轮选举周期中成为一个关键议题。随着各家公司争相加快建设,以满足激增的AI算力需求,当地对承载数据中心的反对声音也在增长。选民投票后,几乎所有限制数据中心扩张的地方提案都获得通过。矛盾的是,更严格的规定可能反而有利于亚马逊、微软、Alphabet和Meta等超大规模云服务商。正如Barron's本周指出的那样,华尔街此前已经担心这些公司在建设数据中心上烧钱过多。如果政界人士迫使它们放慢节奏,那么相关支出也可能随之放缓,从而改善它们的现金流和利润。Bloom Energy则是另一只可能逆势而行的股票。该公司使用基于燃料电池的现场供电来绕开电网,其首席执行官KR Sridhar此前曾提到,公司可能会从数据中心建设遇阻中受益。Bloom Energy的股价周五上涨了4.3%。","news_type":1,"symbols_score_info":{"BEC":0.6,"VRT":2,"BEG":0.6,"BEZ":0.6,"VRC":0.6,"VRTL":0.6,"BE":2,"BEX":0.6}},"isVote":1,"tweetType":1,"viewCount":60,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":626898855822728,"gmtCreate":1794066647314,"gmtModify":1794066649658,"author":{"id":"3482550532367433","authorId":"3482550532367433","name":"龙腾虎乐","avatar":"https://static.laohu8.com/1530cc5cd548815469551d0b8c1c8ee8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3482550532367433","authorIdStr":"3482550532367433"},"themes":[],"title":"","htmlText":"这些年关系本来就不大,只是在情绪上与大环境上略有一些影响罢了","listText":"这些年关系本来就不大,只是在情绪上与大环境上略有一些影响罢了","text":"这些年关系本来就不大,只是在情绪上与大环境上略有一些影响罢了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/626898855822728","repostId":"2681814391","repostType":2,"repost":{"id":"2681814391","kind":"highlight","pubTimestamp":1794041880,"share":"https://www.laohunote.com/m/news/2681814391?lang=zh_CN&edition=full","pubTime":"2026-11-07 16:58","market":"fut","language":"zh","title":"A股与美股联动性正在下降吗?从纳指暴跌5.52%次日A股表现说起","url":"https://stock-news.laohu8.com/highlight/detail?id=2681814391","media":"同花顺","summary":"美东时间11月5日,纳斯达克综合指数单日下跌5.52%,费城半导体指数收跌逾12%,英伟达跌9.26%,AMD跌17.3%,美光、西部数据跌17%。次日开盘,A股主要指数集体下挫,但华虹宏力等国产半导体企 ...","content":"<div>\n<p>美东时间11月5日,纳斯达克综合指数(IXIC)单日下跌5.52%,费城半导体(SOX)指数收跌逾12%,英伟达(NVDA)跌9.26%,AMD跌17.3%,美光、西部数据(WDC)跌17%。次日开盘,A股主要指数集体下挫,但华虹宏力(HK1347)等国产半导体(881121)企业逆势走强,部分龙头大幅低开后快速反弹。同一天午间,中际旭创(HK3308)、新易盛(300502)、天孚通信(...</p>\n\n<a href=\"http://news.10jqka.com.cn/20261107/c681577882.shtml\">网页链接</a>\n\n</div>\n","source":"tonghuashun_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" 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href=http://news.10jqka.com.cn/20261107/c681577882.shtml><strong>同花顺</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>美东时间11月5日,纳斯达克综合指数(IXIC)单日下跌5.52%,费城半导体(SOX)指数收跌逾12%,英伟达(NVDA)跌9.26%,AMD跌17.3%,美光、西部数据(WDC)跌17%。次日开盘,A股主要指数集体下挫,但华虹宏力(HK1347)等国产半导体(881121)企业逆势走强,部分龙头大幅低开后快速反弹。同一天午间,中际旭创(HK3308)、新易盛(300502)、天孚通信(...</p>\n\n<a href=\"http://news.10jqka.com.cn/20261107/c681577882.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"688256":"寒武纪","JEPQ":"JPMorgan Nasdaq Equity Premium Income ETF","LU2476274308.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"AT\" (USD) ACC","SG9999001069.SGD":"UOB UNITED ASIA PACIFIC GROWTH (SGD) ACC","QDTE":"Roundhill Nasdaq-100 0DTE Covered Call Strategy ETF","QYLG":"Nasdaq 100 Covered Call & Growth ETF","SG9999001093.SGD":"United Greater China Fund A Acc SGD","TECS":"Direxion Daily Technology Bear 3X ETF","QQQJ":"Invesco NASDAQ Next Gen 100 ETF","SGXZ90724238.SGD":"UNITED ASIA \"A\" (SGD) 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SGD"},"source_url":"http://news.10jqka.com.cn/20261107/c681577882.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2681814391","content_text":"美东时间11月5日,纳斯达克综合指数(IXIC)单日下跌5.52%,费城半导体(SOX)指数收跌逾12%,英伟达(NVDA)跌9.26%,AMD跌17.3%,美光、西部数据(WDC)跌17%。次日开盘,A股主要指数集体下挫,但华虹宏力(HK1347)等国产半导体(881121)企业逆势走强,部分龙头大幅低开后快速反弹。同一天午间,中际旭创(HK3308)、新易盛(300502)、天孚通信(300394)、东山精密(HK2384)、立讯精密(HK2475)、三环集团(HK6951)等10余家科技龙头集中披露回购及经营情况公告。两组画面放在一起,引出一个需要小心回答的问题:A股与美股的短期联动性是否正在出现结构性变化?更准确地说,部分板块的定价锚是否正从海外情绪转向本土产业基本面?把单日行情直接翻译成“脱钩”是草率的,但忽略企业侧行为和产业数据的变化,同样会错过正在发生的边际信号。先看企业侧行为的密度。Wind数据显示,11月2日至6日,A股共有99家上市公司新增回购增持计划,涉及金额156.5亿元,同比增长361.44%。其中66家公司拟回购金额上限合计123.93亿元,33家公司披露增持计划拟增持32.56亿元。电子、通信行业拟回购增持金额合计近90亿元,占比近六成。更早的10月15日以来,沪市124家公司新增回购增持计划金额上限超233亿元;深市11月以来回购计划27单金额上限68.86亿元、增持计划14单金额上限25.19亿元。这里必须做一次口径辨析。拟回购金额上限是计划数,不等于实际执行数;已实施金额是另一套数据;贷款签约额度则是银行与公司之间的融资安排,三者不能混用。11月4日央行将股票回购增持再贷款利率下调0.25个百分点至1%,1%是央行向银行提供再贷款的资金价格,并非上市公司最终拿到的贷款利率,银行加点后终端成本会更高。政策降低了回购的融资门槛,但计划金额向实际实施金额的转化率,才是检验企业侧信号成色的关键变量。企业行为之外,产业基本面的锚更值得逐项核对。前三季度电子行业营业收入同比增长41%,归母净利润同比增速超过180%,92家公司净利润倍增、41家扭亏。寒武纪(688256)营收增106.76%、归母净利增131.49%;海光信息(688041)营收149.55亿元增57.58%、归母净利28.47亿元增45.12%。中微公司(688012)新签订单历史新高、订单增速超收入增速;盛美上海(688082)在手订单170.73亿元同比增88.2%。DeepSeek、智谱(HK2513)等大模型与寒武纪(688256)、沐曦股份(688802)完成Day0适配,协同周期(883436)由数月压缩至以天计。这组数据构成了一条可追踪的影响机制链:外部冲击触发情绪抛售,国产算力订单和盈利数据提供本土定价参照,回购增持在估值低位形成承接,三者叠加使部分板块对海外情绪的敏感度出现边际下降。但这条链条有明确短板。天风证券(601162)提示,先进制程良率爬坡、高带宽存储依赖海外等约束仍在,国产协同并非全链条自主,订单增速与收入确认之间也存在时间差。联动性下降的边界在哪里?申万宏源(000166)王胜认为,7月以来调整是内部交易结构调整与外部宏观扰动共同作用,带明显阶段性特征,当前更适合定义为大波段上涨中间的震荡休整。长江证券(000783)戴清指出,A股独立行情核心在于经济基本面、产业竞争力与企业盈利周期(883436)形成自身定价逻辑,需稳增长政策显效与内需修复扩散配合。中泰证券(600918)张德礼则提示,海外AI监管预期升温与地缘风险使海外波动加大,国内政策发力与稳市机制健全提供支撑。把三者放在一起,条件清单就清楚了:稳增长政策落地能否带动内需修复扩散,国产算力订单能否持续转化为收入,回购计划能否从“拟”走向“已实施”,以及美股科技波动对A股情绪的外溢是否连续多个交易日递减。市场更多交易的是政策预期而非已兑现的基本面改善,稳市工具切断的是流动性负反馈,并不直接决定指数方向。单日逆势表现只是样本点,不是趋势线。后续观察变量可以列得更具体:回购增持计划金额向实际实施金额的转化率;国产算力芯片出货与订单兑现节奏,IDC 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href=\"https://laohu8.com/S/NVDA\">$英伟达(NVDA)$ </a><v-v data-views=\"0\"></v-v> 又要拉稀了[捂脸] [捂脸] ","listText":"<a href=\"https://laohu8.com/S/NVDA\">$英伟达(NVDA)$ </a><v-v data-views=\"0\"></v-v> 又要拉稀了[捂脸] [捂脸] ","text":"$英伟达(NVDA)$ 又要拉稀了[捂脸] [捂脸]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/626541635184072","isVote":1,"tweetType":1,"viewCount":105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":625772834423832,"gmtCreate":1793791709299,"gmtModify":1793791711810,"author":{"id":"3482550532367433","authorId":"3482550532367433","name":"龙腾虎乐","avatar":"https://static.laohu8.com/1530cc5cd548815469551d0b8c1c8ee8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3482550532367433","authorIdStr":"3482550532367433"},"themes":[],"title":"","htmlText":"现在的木头姐已经失去光环了[开心] [开心] 她 爱买啥买啥吧","listText":"现在的木头姐已经失去光环了[开心] [开心] 她 爱买啥买啥吧","text":"现在的木头姐已经失去光环了[开心] [开心] 她 爱买啥买啥吧","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/625772834423832","repostId":"1183185765","repostType":4,"repost":{"id":"1183185765","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1793790909,"share":"https://www.laohunote.com/m/news/1183185765?lang=zh_CN&edition=full","pubTime":"2026-11-04 19:15","market":"us","language":"zh","title":"“木头姐”重返Palantir,斥资1120万美元加仓,同时减持CrowdStrike及谷歌","url":"https://stock-news.laohu8.com/highlight/detail?id=1183185765","media":"老虎资讯综合","summary":"“木头姐”Cathie Wood旗下方舟投资最新交易数据显示,周二,方舟旗下5只ETF合计买入约1120万美元的Palantir股票,同时减持约170万美元的网络安全公司 $CrowdStrike Holdings, Inc.$股票。减持CrowdStrike及谷歌,AI投资回报仍受关注在加仓Palantir的同时,方舟通过ARKF卖出6,901股CrowdStrike股票,按周二244.68美元的收盘价计算,减持金额约170万美元。CrowdStrike近期受到市场关注,主要源于AI智能体安全防护带来的潜在增长机会。","content":"<html><head></head><body><p style=\"text-align: left;\">“木头姐”Cathie Wood旗下方舟投资(Ark Invest)最新交易数据显示,周二(11月3日),方舟旗下5只ETF合计买入约1120万美元的 <a href=\"https://laohu8.com/S/PLTR\">Palantir</a>股票,同时减持约170万美元的网络安全公司 <a href=\"https://laohu8.com/S/CRWD\">CrowdStrike Holdings, Inc.</a>股票。此外,方舟还卖出约350万美元的 <a href=\"https://laohu8.com/S/GOOG\">谷歌</a>类股,并增持 <a href=\"https://laohu8.com/S/SHOP\">Shopify Inc</a>、 <a href=\"https://laohu8.com/S/CRCL\">Circle Internet Corp.</a>等多只股票。</p><h2 style=\"text-align: left;\">斥资1120万美元买入Palantir,结束此前连续减持</h2><p style=\"text-align: left;\">方舟投资周二通过旗下5只ETF合计买入63,638股Palantir股票,按当日175.40美元的收盘价计算,交易金额约1120万美元。</p><p style=\"text-align: left;\">具体来看,<a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a>买入35,346股,为此次加仓主力; <a href=\"https://laohu8.com/S/ARKQ\">ARK Autonomous Technology & Robotics ETF</a>买入10,309股; <a href=\"https://laohu8.com/S/ARKW\">ARK Next Generation Internet ETF</a>买入9,613股; <a href=\"https://laohu8.com/S/ARKF\">ARK Fintech Innovation ETF</a>买入4,291股;<a href=\"https://laohu8.com/S/ARKX\">ARK Space Exploration & Innovation ETF</a>买入4,079股。</p><p style=\"text-align: left;\">值得注意的是,此次买入发生在方舟10月连续减持Palantir之后。10月19日至21日,方舟曾连续三个交易日合计卖出49,333股,按各交易日收盘价估算,减持金额约960万美元。</p><p style=\"text-align: left;\">业绩方面,Palantir最新季度营收首次突破20亿美元,但收入强劲增长与订单增速放缓形成反差,令华尔街对其后续增长前景出现分歧。</p><h2 style=\"text-align: left;\">减持CrowdStrike及谷歌,AI投资回报仍受关注</h2><p style=\"text-align: left;\">在加仓Palantir的同时,方舟通过ARKF卖出6,901股CrowdStrike股票,按周二244.68美元的收盘价计算,减持金额约170万美元。</p><p style=\"text-align: left;\">CrowdStrike近期受到市场关注,主要源于AI智能体安全防护带来的潜在增长机会。有分析师认为,AI业务为公司带来的市场空间可能超过华尔街当前预期。</p><p style=\"text-align: left;\">此外,方舟通过ARKQ卖出12,530股谷歌C类股,按278.27美元的收盘价计算,减持金额约350万美元。</p><p style=\"text-align: left;\">此前,谷歌母公司Alphabet于10月29日遭遇史上最大单日市值蒸发,市值缩水约5110亿美元。公司第三季度营收1276亿美元、每股盈利2.12美元,均逊于华尔街预期,尽管谷歌云收入同比翻倍至307亿美元,仍未能抵消市场对资本开支的担忧。</p><p style=\"text-align: left;\">Alphabet当季资本开支同比增长逾一倍至514亿美元,推动自由现金流连续第二个季度录得负值,达到负91亿美元。公司同时警告,2027年支出将进一步显著增加,令投资者持续关注AI投资回报及现金流压力。</p><h2 style=\"text-align: left;\">同步增持Shopify、Circle及核能股</h2><p style=\"text-align: left;\">除Palantir外,方舟周二还买入多只科技、生物科技及能源相关股票。</p><p style=\"text-align: left;\">其中,旗下ARKF、ARKK及ARKW合计买入88,013股Shopify;ARKG买入600,709股 <a href=\"https://laohu8.com/S/CMPS\">COMPASS Pathways plc</a>;ARKG及ARKK合计买入254,453股 <a href=\"https://laohu8.com/S/PACB\">Pacific Biosciences of Californi</a>。</p><p style=\"text-align: left;\">此外,ARKQ买入24,117股铀矿企业 <a href=\"https://laohu8.com/S/CCJ\">Cameco Corp</a>,ARKF、ARKK及ARKW合计买入12,835股稳定币发行商Circle。</p><p style=\"text-align: left;\">减持方面,方舟还卖出37,754股Bullish、435,977股 <a href=\"https://laohu8.com/S/PSNL\">Personalis</a>及47,311股 <a href=\"https://laohu8.com/S/TOST\">Toast, Inc.</a>。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>“木头姐”重返Palantir,斥资1120万美元加仓,同时减持CrowdStrike及谷歌</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; 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class=\"title\">\n“木头姐”重返Palantir,斥资1120万美元加仓,同时减持CrowdStrike及谷歌\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2026-11-04 19:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">“木头姐”Cathie Wood旗下方舟投资(Ark Invest)最新交易数据显示,周二(11月3日),方舟旗下5只ETF合计买入约1120万美元的 <a href=\"https://laohu8.com/S/PLTR\">Palantir</a>股票,同时减持约170万美元的网络安全公司 <a href=\"https://laohu8.com/S/CRWD\">CrowdStrike Holdings, Inc.</a>股票。此外,方舟还卖出约350万美元的 <a href=\"https://laohu8.com/S/GOOG\">谷歌</a>类股,并增持 <a href=\"https://laohu8.com/S/SHOP\">Shopify Inc</a>、 <a href=\"https://laohu8.com/S/CRCL\">Circle Internet Corp.</a>等多只股票。</p><h2 style=\"text-align: left;\">斥资1120万美元买入Palantir,结束此前连续减持</h2><p style=\"text-align: left;\">方舟投资周二通过旗下5只ETF合计买入63,638股Palantir股票,按当日175.40美元的收盘价计算,交易金额约1120万美元。</p><p style=\"text-align: left;\">具体来看,<a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a>买入35,346股,为此次加仓主力; <a href=\"https://laohu8.com/S/ARKQ\">ARK Autonomous Technology & Robotics ETF</a>买入10,309股; <a href=\"https://laohu8.com/S/ARKW\">ARK Next Generation Internet ETF</a>买入9,613股; <a href=\"https://laohu8.com/S/ARKF\">ARK Fintech Innovation ETF</a>买入4,291股;<a href=\"https://laohu8.com/S/ARKX\">ARK Space Exploration & Innovation ETF</a>买入4,079股。</p><p style=\"text-align: left;\">值得注意的是,此次买入发生在方舟10月连续减持Palantir之后。10月19日至21日,方舟曾连续三个交易日合计卖出49,333股,按各交易日收盘价估算,减持金额约960万美元。</p><p style=\"text-align: left;\">业绩方面,Palantir最新季度营收首次突破20亿美元,但收入强劲增长与订单增速放缓形成反差,令华尔街对其后续增长前景出现分歧。</p><h2 style=\"text-align: left;\">减持CrowdStrike及谷歌,AI投资回报仍受关注</h2><p style=\"text-align: left;\">在加仓Palantir的同时,方舟通过ARKF卖出6,901股CrowdStrike股票,按周二244.68美元的收盘价计算,减持金额约170万美元。</p><p style=\"text-align: left;\">CrowdStrike近期受到市场关注,主要源于AI智能体安全防护带来的潜在增长机会。有分析师认为,AI业务为公司带来的市场空间可能超过华尔街当前预期。</p><p style=\"text-align: left;\">此外,方舟通过ARKQ卖出12,530股谷歌C类股,按278.27美元的收盘价计算,减持金额约350万美元。</p><p style=\"text-align: left;\">此前,谷歌母公司Alphabet于10月29日遭遇史上最大单日市值蒸发,市值缩水约5110亿美元。公司第三季度营收1276亿美元、每股盈利2.12美元,均逊于华尔街预期,尽管谷歌云收入同比翻倍至307亿美元,仍未能抵消市场对资本开支的担忧。</p><p style=\"text-align: left;\">Alphabet当季资本开支同比增长逾一倍至514亿美元,推动自由现金流连续第二个季度录得负值,达到负91亿美元。公司同时警告,2027年支出将进一步显著增加,令投资者持续关注AI投资回报及现金流压力。</p><h2 style=\"text-align: left;\">同步增持Shopify、Circle及核能股</h2><p style=\"text-align: left;\">除Palantir外,方舟周二还买入多只科技、生物科技及能源相关股票。</p><p style=\"text-align: left;\">其中,旗下ARKF、ARKK及ARKW合计买入88,013股Shopify;ARKG买入600,709股 <a href=\"https://laohu8.com/S/CMPS\">COMPASS Pathways plc</a>;ARKG及ARKK合计买入254,453股 <a href=\"https://laohu8.com/S/PACB\">Pacific Biosciences of Californi</a>。</p><p style=\"text-align: left;\">此外,ARKQ买入24,117股铀矿企业 <a href=\"https://laohu8.com/S/CCJ\">Cameco Corp</a>,ARKF、ARKK及ARKW合计买入12,835股稳定币发行商Circle。</p><p style=\"text-align: left;\">减持方面,方舟还卖出37,754股Bullish、435,977股 <a href=\"https://laohu8.com/S/PSNL\">Personalis</a>及47,311股 <a href=\"https://laohu8.com/S/TOST\">Toast, Inc.</a>。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0fb0479ff67cd3a760cdce353bcb60ed","relate_stocks":{"ARKK":"ARK Innovation ETF","PLTA":"ProShares Ultra PLTR ETF","GOOG":"谷歌","PLYY":"GraniteShares YieldBOOST PLTR ETF","PLOO":"2倍上限加速PLTR ETF-Leverage Shares","ARKQ":"ARK Autonomous Technology & Robotics ETF","PLTD":"1倍做空PLTR ETF-Direxion","PACB":"Pacific Biosciences of Californi","SHOP":"Shopify Inc","CCJ":"Cameco Corp","PLTG":"2倍做多PLTR ETF-Leverage Shares","ARKW":"ARK Next Generation Internet ETF","PTIR":"2倍做多PLTR ETF-GraniteShares","PLTL":"2倍做多PLTR ETF-Corgi","SHPD":"Direxion Daily SHOP Bear 1X ETF","CRCL":"Circle Internet Corp.","CRCO":"YIELDMAX CRCL OPTION INCOME STRATEGY ETF","ARKX":"ARK Space Exploration & Innovation ETF","CCUP":"T-REX 2x Long CRCL Daily Target ETF","CRWC":"Corgi CRWD 2x Daily ETF","PLTR":"Palantir","PSNL":"Personalis","ICRC":"Bitwise CRCL Option Income Strategy ETF","PLTU":"2倍做多PLTR ETF-Direxion","CIR":"2倍做多CRCL ETF-Corgi","SHPU":"2倍做多SHOP ETF-Direxion","CMPS":"COMPASS Pathways plc","PLTW":"PLTR周配息ETF-Roundhill","CRWL":"2倍做多CRWD ETF-GraniteShares","CRCA":"Proshares Ultra CRCL","PLTI":"REX PLTR Growth & Income ETF","PLTY":"PLTR期权收益策略ETF-YieldMax","CRWD":"CrowdStrike Holdings, Inc.","ARKF":"ARK Fintech Innovation ETF","CRCD":"T-REX 2X Inverse CRCLDaily Target ETF","GOOP":"KURV YIELD PREMIUM STRATEGY GOOGLE (GOOGL) ETF","PLTZ":"2倍做空PLTR ETF-Defiance","CRCG":"2倍做多CRCL ETF-Leverage Shares","TOST":"Toast, Inc.","GOOX":"2倍做多GOOG ETF-T-REX"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183185765","content_text":"“木头姐”Cathie Wood旗下方舟投资(Ark Invest)最新交易数据显示,周二(11月3日),方舟旗下5只ETF合计买入约1120万美元的 Palantir股票,同时减持约170万美元的网络安全公司 CrowdStrike Holdings, Inc.股票。此外,方舟还卖出约350万美元的 谷歌类股,并增持 Shopify Inc、 Circle Internet Corp.等多只股票。斥资1120万美元买入Palantir,结束此前连续减持方舟投资周二通过旗下5只ETF合计买入63,638股Palantir股票,按当日175.40美元的收盘价计算,交易金额约1120万美元。具体来看,ARK Innovation ETF买入35,346股,为此次加仓主力; ARK Autonomous Technology & Robotics ETF买入10,309股; ARK Next Generation Internet ETF买入9,613股; ARK Fintech Innovation ETF买入4,291股;ARK Space Exploration & Innovation ETF买入4,079股。值得注意的是,此次买入发生在方舟10月连续减持Palantir之后。10月19日至21日,方舟曾连续三个交易日合计卖出49,333股,按各交易日收盘价估算,减持金额约960万美元。业绩方面,Palantir最新季度营收首次突破20亿美元,但收入强劲增长与订单增速放缓形成反差,令华尔街对其后续增长前景出现分歧。减持CrowdStrike及谷歌,AI投资回报仍受关注在加仓Palantir的同时,方舟通过ARKF卖出6,901股CrowdStrike股票,按周二244.68美元的收盘价计算,减持金额约170万美元。CrowdStrike近期受到市场关注,主要源于AI智能体安全防护带来的潜在增长机会。有分析师认为,AI业务为公司带来的市场空间可能超过华尔街当前预期。此外,方舟通过ARKQ卖出12,530股谷歌C类股,按278.27美元的收盘价计算,减持金额约350万美元。此前,谷歌母公司Alphabet于10月29日遭遇史上最大单日市值蒸发,市值缩水约5110亿美元。公司第三季度营收1276亿美元、每股盈利2.12美元,均逊于华尔街预期,尽管谷歌云收入同比翻倍至307亿美元,仍未能抵消市场对资本开支的担忧。Alphabet当季资本开支同比增长逾一倍至514亿美元,推动自由现金流连续第二个季度录得负值,达到负91亿美元。公司同时警告,2027年支出将进一步显著增加,令投资者持续关注AI投资回报及现金流压力。同步增持Shopify、Circle及核能股除Palantir外,方舟周二还买入多只科技、生物科技及能源相关股票。其中,旗下ARKF、ARKK及ARKW合计买入88,013股Shopify;ARKG买入600,709股 COMPASS Pathways plc;ARKG及ARKK合计买入254,453股 Pacific Biosciences of Californi。此外,ARKQ买入24,117股铀矿企业 Cameco Corp,ARKF、ARKK及ARKW合计买入12,835股稳定币发行商Circle。减持方面,方舟还卖出37,754股Bullish、435,977股 Personalis及47,311股 Toast, Inc.。","news_type":1,"symbols_score_info":{"CCJ":2,"PSNL":2,"GOOG":2,"PLTY":0.6,"GOOP":0.6,"PTIR":0.6,"PLYY":0.6,"PLTD":0.6,"SHOP":2,"CRWD":2,"ARKX":2,"CMPS":2,"SHPD":0.6,"ARKF":2,"PLOO":0.6,"CCUP":0.6,"TOST":2,"PLTI":0.6,"PLTW":0.6,"CRWC":0.6,"CRWL":0.6,"PLTR":2.1,"ARKQ":2,"PLTZ":0.6,"ARKW":2,"PLTA":0.6,"PLTU":0.6,"CRCG":0.6,"CRCA":0.6,"CRCL":2,"CIR":0.6,"CRCO":0.6,"SHPU":0.6,"PLTL":0.6,"ICRC":0.6,"ARKK":2,"GOOX":0.6,"CRCD":0.6,"PACB":2,"PLTG":0.6}},"isVote":1,"tweetType":1,"viewCount":553,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":623698329120888,"gmtCreate":1793285331165,"gmtModify":1793285333108,"author":{"id":"3482550532367433","authorId":"3482550532367433","name":"龙腾虎乐","avatar":"https://static.laohu8.com/1530cc5cd548815469551d0b8c1c8ee8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3482550532367433","authorIdStr":"3482550532367433"},"themes":[],"title":"","htmlText":"不要听他们胡说八道🤬到了12月份就喊不加息了[开心] [开心] ","listText":"不要听他们胡说八道🤬到了12月份就喊不加息了[开心] [开心] ","text":"不要听他们胡说八道🤬到了12月份就喊不加息了[开心] [开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/623698329120888","repostId":"1118355700","repostType":2,"repost":{"id":"1118355700","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1793285223,"share":"https://www.laohunote.com/m/news/1118355700?lang=zh_CN&edition=full","pubTime":"2026-10-29 22:47","market":"us","language":"zh","title":"今日公布的美国通胀报告为何可能导致美联储12月加息50个基点?","url":"https://stock-news.laohu8.com/highlight/detail?id=1118355700","media":"老虎资讯综合","summary":"要点由于能源价格上涨推高了生活成本,美国9月份通胀加速,令美联储面临加息压力。如果接下来公布的通胀数据再次表现得过热,美联储甚至可能被迫考虑在12月份加息50个基点,即上调0.5个百分点,而不是采取更常见的25个基点加息幅度。当时美联储将利率维持在3.75%至4%的区间,而两人主张加息25个基点。芝商所的FedWatch工具显示,市场目前认为美联储12月份加息50个基点的概率为零;加息25个基点的概率为80%,维持利率不变的概率为20%。","content":"<html><head></head><body><p style=\"text-align: left;\">要点</p><ul><li><p style=\"text-align: left;\">由于能源价格上涨推高了生活成本,美国9月份通胀加速,令美联储面临加息压力。</p></li><li><p style=\"text-align: left;\">剔除食品和能源价格的核心个人消费支出(PCE)价格指数,9月份环比上涨0.3%,同比上涨3.1%。</p></li><li><p style=\"text-align: left;\">克利夫兰联储主席贝丝·哈马克(Beth Hammack)和美联储理事丽莎·库克(Lisa Cook)对周三维持利率不变的决定持异议。</p></li></ul><p style=\"text-align: left;\">由于能源价格上涨推高了生活成本,美国9月份通胀加速。在美联储官员决定维持利率不变仅仅一天之后,最新通胀数据再次给美联储带来压力,促使市场担忧美联储可能在12月份加息。</p><p style=\"text-align: left;\">美联储最青睐的通胀指标最新读数引发了一个问题:政策制定者究竟还能将加息决定推迟多久?尤其是在经济增长依然强劲、通胀持续远高于央行2%的目标之际。</p><p style=\"text-align: left;\">如果接下来公布的通胀数据再次表现得过热,美联储甚至可能被迫考虑在12月份加息50个基点,即上调0.5个百分点,而不是采取更常见的25个基点加息幅度。</p><p style=\"text-align: left;\">西北互助财富管理公司(Northwestern Mutual Wealth Management Company)首席投资官布伦特·舒特(Brent Schutte)表示:“在某个时候——尤其是如果11月份的通胀数据像10月份那样居高不下——投资者就越来越有可能开始质疑美联储是否真正致力于将通胀稳定在2%。这可能导致美联储在12月份不得不加息50个基点。”</p><p style=\"text-align: left;\">根据周四公布的数据,剔除波动较大的食品和能源成本后,美国核心个人消费支出价格指数9月份环比上涨0.3%,同比上涨3.1%。这两个数字均符合经济学家的预期,但较8月份分别上涨0.2%和3%的水平有所加速。</p><p style=\"text-align: left;\">整体通胀上升得更快,反映出油价上涨的影响。整体PCE价格指数9月份环比上涨0.5%,同比上涨3.61%;而8月份这两个涨幅分别为0.3%和3.4%。</p><p style=\"text-align: left;\">整体通胀和核心通胀的同比增速均达到5月份以来的最高水平。这份报告还意味着,PCE通胀率连续第68个月高于美联储2%的目标。</p><p style=\"text-align: left;\">这些数据出炉之际,美联储正处于一个关键时刻。对于现任拥有投票权的政策制定者而言,12月份将是他们在明年1月份一批立场更加鸽派的成员轮换进入美联储利率决策委员会之前,最后一次有机会加息。</p><p style=\"text-align: left;\">在周三的会议上,克利夫兰联储主席贝丝·哈马克和美联储理事丽莎·库克反对维持利率不变的决定。当时美联储将利率维持在3.75%至4%的区间,而两人主张加息25个基点。</p><p style=\"text-align: left;\">美联储主席凯文·沃什(Kevin Warsh)几乎没有透露哪些情况会促使政策制定者在12月份采取行动。他只是表示,未来六周将是一个“信息丰富的时期”。</p><p style=\"text-align: left;\">摆在美联储官员面前的一个问题是:能源价格上涨会不会导致整个经济领域的通胀持续走高,还是说这轮价格上涨最终只会是暂时性的。</p><p style=\"text-align: left;\">提高利率可以抑制消费者需求,从而控制通胀,但美联储并没有直接降低能源价格的能力。</p><p style=\"text-align: left;\">9月份消费者支出增加了1,131亿美元,其中汽油及其他能源商品贡献了457亿美元,约相当于医疗保健、住房与公用事业以及餐饮服务三项支出增幅的总和。</p><p style=\"text-align: left;\">周四公布的报告还显示,美国家庭正开始面临越来越大的压力。</p><p style=\"text-align: left;\">9月份美国个人收入环比增长0.2%,经通胀调整后的实际可支配收入也增长了0.2%。这两个数据均低于市场预期。</p><p style=\"text-align: left;\">eToro的布伦特·肯韦尔(Brent Kenwell)表示,这凸显了一个问题:“随着物价持续上涨的速度快于工资增长,家庭预算正面临越来越大的压力。消费者仍在继续支出,但他们能够承受意外冲击的余地正在缩小。”</p><p style=\"text-align: left;\">这份通胀报告公布的同时,美国第三季度国内生产总值(GDP)数据也出炉,后者呈现出截然不同的经济图景。受人工智能投资增长的推动,美国经济增长率大幅升至3.4%。经济学家此前预计经济增速为3%。</p><p style=\"text-align: left;\">更强劲的GDP数据可能为美联储加息以对抗通胀提供更大的空间。但与此同时,家庭财务状况已显现承压迹象。当政策制定者在12月份再次召开会议时,他们将面临一个艰难抉择:究竟应该采取多大力度的紧缩措施?</p><p style=\"text-align: left;\">芝商所(CME)的FedWatch工具显示,市场目前认为美联储12月份加息50个基点的概率为零;加息25个基点的概率为80%,维持利率不变的概率为20%。</p><p style=\"text-align: left;\">周三,沃什对自己如何权衡这些风险提供了一些线索。</p><p style=\"text-align: left;\">当媒体记者询问美联储是否肩负着维持美国经济持续发展的使命时,沃什强调了放任通胀持续处于高位所带来的后果。</p><p style=\"text-align: left;\">沃什表示:“如果你想对我们当中处境最不利的人造成最大的伤害,那么你就应该放任过去六年来高于美联储目标的通胀持续下去——而且通常是远高于美联储目标的水平。你应该让这种情况继续下去。”</p><p style=\"text-align: left;\">谈到应对高企的通胀时,他表示:“这是我们展望未来时能够做的最重要的事情,而这也正是我们计划要做的。”</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>今日公布的美国通胀报告为何可能导致美联储12月加息50个基点?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n今日公布的美国通胀报告为何可能导致美联储12月加息50个基点?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2026-10-29 22:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">要点</p><ul><li><p style=\"text-align: left;\">由于能源价格上涨推高了生活成本,美国9月份通胀加速,令美联储面临加息压力。</p></li><li><p style=\"text-align: left;\">剔除食品和能源价格的核心个人消费支出(PCE)价格指数,9月份环比上涨0.3%,同比上涨3.1%。</p></li><li><p style=\"text-align: left;\">克利夫兰联储主席贝丝·哈马克(Beth Hammack)和美联储理事丽莎·库克(Lisa Cook)对周三维持利率不变的决定持异议。</p></li></ul><p style=\"text-align: left;\">由于能源价格上涨推高了生活成本,美国9月份通胀加速。在美联储官员决定维持利率不变仅仅一天之后,最新通胀数据再次给美联储带来压力,促使市场担忧美联储可能在12月份加息。</p><p style=\"text-align: left;\">美联储最青睐的通胀指标最新读数引发了一个问题:政策制定者究竟还能将加息决定推迟多久?尤其是在经济增长依然强劲、通胀持续远高于央行2%的目标之际。</p><p style=\"text-align: left;\">如果接下来公布的通胀数据再次表现得过热,美联储甚至可能被迫考虑在12月份加息50个基点,即上调0.5个百分点,而不是采取更常见的25个基点加息幅度。</p><p style=\"text-align: left;\">西北互助财富管理公司(Northwestern Mutual Wealth Management Company)首席投资官布伦特·舒特(Brent Schutte)表示:“在某个时候——尤其是如果11月份的通胀数据像10月份那样居高不下——投资者就越来越有可能开始质疑美联储是否真正致力于将通胀稳定在2%。这可能导致美联储在12月份不得不加息50个基点。”</p><p style=\"text-align: left;\">根据周四公布的数据,剔除波动较大的食品和能源成本后,美国核心个人消费支出价格指数9月份环比上涨0.3%,同比上涨3.1%。这两个数字均符合经济学家的预期,但较8月份分别上涨0.2%和3%的水平有所加速。</p><p style=\"text-align: left;\">整体通胀上升得更快,反映出油价上涨的影响。整体PCE价格指数9月份环比上涨0.5%,同比上涨3.61%;而8月份这两个涨幅分别为0.3%和3.4%。</p><p style=\"text-align: left;\">整体通胀和核心通胀的同比增速均达到5月份以来的最高水平。这份报告还意味着,PCE通胀率连续第68个月高于美联储2%的目标。</p><p style=\"text-align: left;\">这些数据出炉之际,美联储正处于一个关键时刻。对于现任拥有投票权的政策制定者而言,12月份将是他们在明年1月份一批立场更加鸽派的成员轮换进入美联储利率决策委员会之前,最后一次有机会加息。</p><p style=\"text-align: left;\">在周三的会议上,克利夫兰联储主席贝丝·哈马克和美联储理事丽莎·库克反对维持利率不变的决定。当时美联储将利率维持在3.75%至4%的区间,而两人主张加息25个基点。</p><p style=\"text-align: left;\">美联储主席凯文·沃什(Kevin Warsh)几乎没有透露哪些情况会促使政策制定者在12月份采取行动。他只是表示,未来六周将是一个“信息丰富的时期”。</p><p style=\"text-align: left;\">摆在美联储官员面前的一个问题是:能源价格上涨会不会导致整个经济领域的通胀持续走高,还是说这轮价格上涨最终只会是暂时性的。</p><p style=\"text-align: left;\">提高利率可以抑制消费者需求,从而控制通胀,但美联储并没有直接降低能源价格的能力。</p><p style=\"text-align: left;\">9月份消费者支出增加了1,131亿美元,其中汽油及其他能源商品贡献了457亿美元,约相当于医疗保健、住房与公用事业以及餐饮服务三项支出增幅的总和。</p><p style=\"text-align: left;\">周四公布的报告还显示,美国家庭正开始面临越来越大的压力。</p><p style=\"text-align: left;\">9月份美国个人收入环比增长0.2%,经通胀调整后的实际可支配收入也增长了0.2%。这两个数据均低于市场预期。</p><p style=\"text-align: left;\">eToro的布伦特·肯韦尔(Brent Kenwell)表示,这凸显了一个问题:“随着物价持续上涨的速度快于工资增长,家庭预算正面临越来越大的压力。消费者仍在继续支出,但他们能够承受意外冲击的余地正在缩小。”</p><p style=\"text-align: left;\">这份通胀报告公布的同时,美国第三季度国内生产总值(GDP)数据也出炉,后者呈现出截然不同的经济图景。受人工智能投资增长的推动,美国经济增长率大幅升至3.4%。经济学家此前预计经济增速为3%。</p><p style=\"text-align: left;\">更强劲的GDP数据可能为美联储加息以对抗通胀提供更大的空间。但与此同时,家庭财务状况已显现承压迹象。当政策制定者在12月份再次召开会议时,他们将面临一个艰难抉择:究竟应该采取多大力度的紧缩措施?</p><p style=\"text-align: left;\">芝商所(CME)的FedWatch工具显示,市场目前认为美联储12月份加息50个基点的概率为零;加息25个基点的概率为80%,维持利率不变的概率为20%。</p><p style=\"text-align: left;\">周三,沃什对自己如何权衡这些风险提供了一些线索。</p><p style=\"text-align: left;\">当媒体记者询问美联储是否肩负着维持美国经济持续发展的使命时,沃什强调了放任通胀持续处于高位所带来的后果。</p><p style=\"text-align: left;\">沃什表示:“如果你想对我们当中处境最不利的人造成最大的伤害,那么你就应该放任过去六年来高于美联储目标的通胀持续下去——而且通常是远高于美联储目标的水平。你应该让这种情况继续下去。”</p><p style=\"text-align: left;\">谈到应对高企的通胀时,他表示:“这是我们展望未来时能够做的最重要的事情,而这也正是我们计划要做的。”</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://community-static.tradeup.com/news/9a0bbdc3b84628758ff12d250468037e","relate_stocks":{"IVV":"标普500ETF-iShares","DDM":"2倍做多道指ETF-ProShares","SH":"做空标普500-Proshares","SMAX":"ISHARES LARGE CAP MAX BUFFER SEP ETF","SPUU":"Direxion Daily S&P 500 Bull 2x Shares","SPYH":"Neos S&P 500 Hedged Equity Income ETF","SPXS":"三倍做空标普500ETF-Direxion","SPDN":"Direxion Daily S&P 500 Bear 1X Shares","DMAX":"ISHARES LARGE CAP MAX BUFFER DEC ETF","DIA":"道琼斯ETF","SPYM":"投资组合标普500指数ETF-SPDR","SPXU":"三倍做空标普500ETF-ProShares","SPYQ":"2倍做多SPY Quarterly ETF-Tradr","SQQQ":"纳指三倍做空ETF","DXD":"两倍做空道琼30指数ETF-ProShares","YSPY":"GraniteShares YieldBOOST SPY ETF","SPY":"标普500ETF","QQQ":"纳指100ETF","DOG":"道指ETF-ProShares做空","SDOW":"三倍做空道指30ETF-ProShares","SPYU":"MAX S&P 500 4X Leveraged ETN",".DJI":"道琼斯","UPRO":"三倍做多标普500ETF-ProShares",".IXIC":"NASDAQ Composite","UDOW":"三倍做多道指30ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares",".SPX":"S&P 500 Index","SPXL":"三倍做多标普500ETF-Direxion","SSO":"2倍做多标普500ETF-ProShares","HIBL":"Direxion Daily S&P 500 High Beta Bull 3X Shares","MMAX":"iShares Large Cap Max Buffer Mar ETF","TQQQ":"纳指三倍做多ETF","VOO":"Vanguard标普500ETF"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118355700","content_text":"要点由于能源价格上涨推高了生活成本,美国9月份通胀加速,令美联储面临加息压力。剔除食品和能源价格的核心个人消费支出(PCE)价格指数,9月份环比上涨0.3%,同比上涨3.1%。克利夫兰联储主席贝丝·哈马克(Beth Hammack)和美联储理事丽莎·库克(Lisa Cook)对周三维持利率不变的决定持异议。由于能源价格上涨推高了生活成本,美国9月份通胀加速。在美联储官员决定维持利率不变仅仅一天之后,最新通胀数据再次给美联储带来压力,促使市场担忧美联储可能在12月份加息。美联储最青睐的通胀指标最新读数引发了一个问题:政策制定者究竟还能将加息决定推迟多久?尤其是在经济增长依然强劲、通胀持续远高于央行2%的目标之际。如果接下来公布的通胀数据再次表现得过热,美联储甚至可能被迫考虑在12月份加息50个基点,即上调0.5个百分点,而不是采取更常见的25个基点加息幅度。西北互助财富管理公司(Northwestern Mutual Wealth Management Company)首席投资官布伦特·舒特(Brent Schutte)表示:“在某个时候——尤其是如果11月份的通胀数据像10月份那样居高不下——投资者就越来越有可能开始质疑美联储是否真正致力于将通胀稳定在2%。这可能导致美联储在12月份不得不加息50个基点。”根据周四公布的数据,剔除波动较大的食品和能源成本后,美国核心个人消费支出价格指数9月份环比上涨0.3%,同比上涨3.1%。这两个数字均符合经济学家的预期,但较8月份分别上涨0.2%和3%的水平有所加速。整体通胀上升得更快,反映出油价上涨的影响。整体PCE价格指数9月份环比上涨0.5%,同比上涨3.61%;而8月份这两个涨幅分别为0.3%和3.4%。整体通胀和核心通胀的同比增速均达到5月份以来的最高水平。这份报告还意味着,PCE通胀率连续第68个月高于美联储2%的目标。这些数据出炉之际,美联储正处于一个关键时刻。对于现任拥有投票权的政策制定者而言,12月份将是他们在明年1月份一批立场更加鸽派的成员轮换进入美联储利率决策委员会之前,最后一次有机会加息。在周三的会议上,克利夫兰联储主席贝丝·哈马克和美联储理事丽莎·库克反对维持利率不变的决定。当时美联储将利率维持在3.75%至4%的区间,而两人主张加息25个基点。美联储主席凯文·沃什(Kevin Warsh)几乎没有透露哪些情况会促使政策制定者在12月份采取行动。他只是表示,未来六周将是一个“信息丰富的时期”。摆在美联储官员面前的一个问题是:能源价格上涨会不会导致整个经济领域的通胀持续走高,还是说这轮价格上涨最终只会是暂时性的。提高利率可以抑制消费者需求,从而控制通胀,但美联储并没有直接降低能源价格的能力。9月份消费者支出增加了1,131亿美元,其中汽油及其他能源商品贡献了457亿美元,约相当于医疗保健、住房与公用事业以及餐饮服务三项支出增幅的总和。周四公布的报告还显示,美国家庭正开始面临越来越大的压力。9月份美国个人收入环比增长0.2%,经通胀调整后的实际可支配收入也增长了0.2%。这两个数据均低于市场预期。eToro的布伦特·肯韦尔(Brent Kenwell)表示,这凸显了一个问题:“随着物价持续上涨的速度快于工资增长,家庭预算正面临越来越大的压力。消费者仍在继续支出,但他们能够承受意外冲击的余地正在缩小。”这份通胀报告公布的同时,美国第三季度国内生产总值(GDP)数据也出炉,后者呈现出截然不同的经济图景。受人工智能投资增长的推动,美国经济增长率大幅升至3.4%。经济学家此前预计经济增速为3%。更强劲的GDP数据可能为美联储加息以对抗通胀提供更大的空间。但与此同时,家庭财务状况已显现承压迹象。当政策制定者在12月份再次召开会议时,他们将面临一个艰难抉择:究竟应该采取多大力度的紧缩措施?芝商所(CME)的FedWatch工具显示,市场目前认为美联储12月份加息50个基点的概率为零;加息25个基点的概率为80%,维持利率不变的概率为20%。周三,沃什对自己如何权衡这些风险提供了一些线索。当媒体记者询问美联储是否肩负着维持美国经济持续发展的使命时,沃什强调了放任通胀持续处于高位所带来的后果。沃什表示:“如果你想对我们当中处境最不利的人造成最大的伤害,那么你就应该放任过去六年来高于美联储目标的通胀持续下去——而且通常是远高于美联储目标的水平。你应该让这种情况继续下去。”谈到应对高企的通胀时,他表示:“这是我们展望未来时能够做的最重要的事情,而这也正是我们计划要做的。”","news_type":1,"symbols_score_info":{".SPX":2,"SSO":0.6,"SDS":0.6,"DIA":0.6,"IVV":0.6,"SPYM":0.6,"SPXU":0.6,".IXIC":2,"DMAX":0.6,"VOO":0.6,"SPYQ":0.6,"UDOW":0.6,"UPRO":0.6,"TQQQ":2,"DXD":0.6,"SPUU":0.6,"SPXS":0.6,"DDM":0.6,".DJI":2,"SDOW":0.6,"SPY":0.6,"YSPY":0.6,"SPYH":0.6,"SPYU":0.6,"SH":0.6,"SPXL":0.6,"QQQ":2,"HIBL":0.6,"SPDN":0.6,"SQQQ":2,"DOG":0.6,"SMAX":0.6,"MMAX":0.6}},"isVote":1,"tweetType":1,"viewCount":251,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":621155650503504,"gmtCreate":1792676483655,"gmtModify":1792676485578,"author":{"id":"3482550532367433","authorId":"3482550532367433","name":"龙腾虎乐","avatar":"https://static.laohu8.com/1530cc5cd548815469551d0b8c1c8ee8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3482550532367433","authorIdStr":"3482550532367433"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/.IXIC\">$纳斯达克(.IXIC)$ </a><v-v data-views=\"0\"></v-v> 这是要崩了吧[捂脸] [捂脸] ","listText":"<a href=\"https://laohu8.com/S/.IXIC\">$纳斯达克(.IXIC)$ </a><v-v data-views=\"0\"></v-v> 这是要崩了吧[捂脸] [捂脸] ","text":"$纳斯达克(.IXIC)$ 这是要崩了吧[捂脸] [捂脸]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/621155650503504","isVote":1,"tweetType":1,"viewCount":445,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":616748510908864,"gmtCreate":1791592561274,"gmtModify":1791592563452,"author":{"id":"3482550532367433","authorId":"3482550532367433","name":"龙腾虎乐","avatar":"https://static.laohu8.com/1530cc5cd548815469551d0b8c1c8ee8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3482550532367433","authorIdStr":"3482550532367433"},"themes":[],"title":"","htmlText":"只有新概念是远远不够的[财迷] 大家都很看重净利润还能否大幅提升[财迷] [财迷] ","listText":"只有新概念是远远不够的[财迷] 大家都很看重净利润还能否大幅提升[财迷] [财迷] ","text":"只有新概念是远远不够的[财迷] 大家都很看重净利润还能否大幅提升[财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/616748510908864","repostId":"2674615178","repostType":2,"repost":{"id":"2674615178","kind":"news","pubTimestamp":1791575736,"share":"https://www.laohunote.com/m/news/2674615178?lang=zh_CN&edition=full","pubTime":"2026-10-10 03:55","market":"sh","language":"zh","title":"英伟达欲加码玻璃基板决战AI先进封装 A股相关企业抢先布局","url":"https://stock-news.laohu8.com/highlight/detail?id=2674615178","media":"中国经营网","summary":"英伟达正在加码玻璃基板,试图为下一代GPU找到新的封装底座。日前,有消息称英伟达正在评估玻璃基板方案,并与德国设备厂商SCHMID及其他企业推进相关设备开发,还希望韩国、日本等国的面板厂商在两年内完成玻璃基板开发。","content":"<div>\n<p>英伟达正在加码玻璃基板,试图为下一代GPU找到新的封装底座。 日前,有消息称英伟达正在评估玻璃基板方案,并与德国设备厂商SCHMID及其他企业推进相关设备开发,还希望韩国、日本等国的面板厂商在两年内完成玻璃基板开发。而SCHMID在财报会上也披露,其正与英伟达、英特尔、AMD供应链中的核心企业共同开发玻璃基板设备,但SCHMID高管指出,玻璃通孔(TGV)的金属化环节仍存在技术难点,客户认证尚未...</p>\n\n<a href=\"http://finance.eastmoney.com/a/202610103891624763.html\">网页链接</a>\n\n</div>\n","source":"stock_eastmoney","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>英伟达欲加码玻璃基板决战AI先进封装 A股相关企业抢先布局</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ 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0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n英伟达欲加码玻璃基板决战AI先进封装 A股相关企业抢先布局\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-10 03:55 北京时间 <a href=http://finance.eastmoney.com/a/202610103891624763.html><strong>中国经营网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>英伟达正在加码玻璃基板,试图为下一代GPU找到新的封装底座。 日前,有消息称英伟达正在评估玻璃基板方案,并与德国设备厂商SCHMID及其他企业推进相关设备开发,还希望韩国、日本等国的面板厂商在两年内完成玻璃基板开发。而SCHMID在财报会上也披露,其正与英伟达、英特尔、AMD供应链中的核心企业共同开发玻璃基板设备,但SCHMID高管指出,玻璃通孔(TGV)的金属化环节仍存在技术难点,客户认证尚未...</p>\n\n<a href=\"http://finance.eastmoney.com/a/202610103891624763.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0138981039.USD":"FIDELITY FUNDS SUSTAINABLE MULTI ASSET INCOME \"A\" INC","LU0048584097.USD":"FIDELITY FUNDS GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) INC","ESLG":"Eventide Large Cap Growth ETF","CLSE":"Convergence Long/Short Equity ETF","IE000YTNTUN2.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" 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ETF"},"source_url":"http://finance.eastmoney.com/a/202610103891624763.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2674615178","content_text":"英伟达正在加码玻璃基板,试图为下一代GPU找到新的封装底座。 日前,有消息称英伟达正在评估玻璃基板方案,并与德国设备厂商SCHMID及其他企业推进相关设备开发,还希望韩国、日本等国的面板厂商在两年内完成玻璃基板开发。而SCHMID在财报会上也披露,其正与英伟达、英特尔、AMD供应链中的核心企业共同开发玻璃基板设备,但SCHMID高管指出,玻璃通孔(TGV)的金属化环节仍存在技术难点,客户认证尚未完成。 《中国经营报》记者注意到,虽然两种表述并不完全等同,但也明确释放出一个信号:头部客户正在拉动玻璃基板工艺成熟,尤其是大尺寸封装、TGV以及面板级制造。然而,玻璃基板仍存在技术“卡点”,难以量产。 “面板厂对玻璃基板材料的特性掌握度较佳,因此在切入这个领域时具备一定优势,但这并不代表能够立即提供相关材料给客户。”行业分析机构TrendForce集邦咨询分析师范博毓表示。 “我们只能说相关产品还处于研发阶段。”此前,国内一家玻璃基板公司高管赵鸣(化名)对记者表示,半导体封装用玻璃基板和显示面板用玻璃基板在制造上没有特别之处,TGV是前者的核心壁垒。 华创证券近期发布的一份研报指出,全球玻璃基板正由技术验证加速迈向中试、客户认证及量产导入,海外厂商产业化进度领先,国内部分设备、材料及加工企业已由研发进一步进入送样、中试、客户验证乃至小批量生产阶段。 制造极难台积电推迟量产 玻璃基板,毋庸置疑是今年材料科技的热门赛道之一。 本报此前已报道,玻璃基板是英伟达和台积电“严选”的下一代算力芯片的先进封装介质,基于此台积电和英伟达联合定义了下一代先进封装技术平台CoPoS(Chip-on-Panel-on-Substrate,面板级芯片封装)化圆为方,将传统的圆形晶圆(直径300mm)改为矩形面板(规格如310mm×310mm),突破传统圆形晶圆的面积与成本限制,核心承载由传统的ABF有机载板或硅中介层换成玻璃基板。 根据集邦科技的相关分析,台积电的CoPoS量产表如下:短期聚焦310mm×310mm基板尺寸,2026年是设备与材料商的验证关键期,2027年预计进入试产,2028年下半年正式量产。 此外,英特尔、AMD、苹果、三星电机、SK海力士等也在布局玻璃基板。 其中,英特尔是最早布局玻璃基板的公司。早在2013年,该公司就开始做“用玻璃替代有机基板”的预研,2023年正式发布玻璃芯基板(Glass Core Substrate)先进封装路线图;今年1月,英特尔首款采用玻璃基板技术的产品Xeon 6+“Clearwater Forest”处理器在2026年国际消费电子展(CES)上首次亮相。 值得注意的是,华创证券研报指出,面向半导体先进封装的玻璃芯基板长期发展空间巨大,除AI/HPC(高性能计算)与HBM(高带宽内存)以外,面板级封装趋势有望进一步放大玻璃在大尺寸、高平整度及低翘曲方面的适配优势,CPO(光电共封装)及高频RF则有望持续打开新的应用边界。 在CPO领域,上海易卜半导体有限公司总经理李文启表示,台积电的CoPoS工艺基本上已经做到了光电合封性能上的极致,但问题是制造极端困难,良品率极低。 “台积电原来雄心勃勃说今年要进入量产,但最近几个星期我拿到的信息是他们已经推迟到2028年量产。”李文启表示,尽管推迟了两年,但也相当不容易。 国内优先在CPO落地 虽然英特尔是最早把玻璃基板做成工程样的厂商,但至今也没有全面实现量产。根据业界消息,英特尔正拓展MicroLED基板先进封装赛道,并传出与MicroLED厂商友达展开合作,共同开发CPO与高密度算力芯片整合方案。 “由于面板与半导体产业在许多标准上存在很大差异,若要符合半导体客户的需求,仍需持续进行投资及规格推进,同时也需要花较长时间与客户沟通。”范博毓表示,面板厂须取得半导体客户的信任,证明其具备稳定供应玻璃基板材料的能力。 而在国内方面,多个厂商持续推进玻璃基板中试线建设、客户验证及小批量出货,TGV成孔、金属化、RDL等环节国产配套逐步完善。 在京东方年度活动IPC 2026开幕式上,京东方(000725.SZ)董事长陈炎顺表示,公司正准备投资半导体玻璃基板载板量产线。 据悉,在玻璃基封装载板领域,京东方拥有玻璃基封装载板的全流程工艺,已在TGV开孔、深孔填铜、增层布线等核心制程上实现技术突破;20层大尺寸玻璃基载板样品已通过六项半导体级信赖性测试,送样国内头部AI芯片厂商,部分客户进入技术测试阶段。 7月底,蓝思科技(300433.SZ、06613.HK)公告称,全资子公司蓝思国际(香港)有限公司与英特尔签署合作备忘录,双方将就玻璃基板穿孔成型、高精度激光加工、金属化通孔沉积及多层互连布线等关键工艺(包括但不限于上述内容)相关的潜在合作进行讨论和评估。 而沃格光电(603773.SH)方面近日披露,公司在TGV玻璃基线路板业务领域深耕多年,正积极推进相关领域玻璃基产品开发和送样验证;此外,该公司湖北一期年产10万平方米TGV产线2026年上半年完成多家客户认证,进入小批量供货阶段。 今年7月,凯盛科技(600552.SH)公告投资1.5亿元在蚌埠建设TGV先进封装玻璃中试线,开展关键工艺优化、产品试制与客户验证。 另外,TCL科技(000100.SZ)6月出资5亿元设立深圳市云启新材料(持股51%),专攻TGV配套特种涂层、低热膨胀介质胶膜等封装材料。 在产业链配套(设备/材料)方面,国产化加速,关键环节已出货。 比如帝尔激光(300776.SZ)实现晶圆级、面板级TGV激光微孔技术全面覆盖,面板级玻璃基板通孔设备已实现出货,2026年实现海外销售并拿到小批量复购订单;捷佳伟创推出TGV玻璃基板专用气泡清洗设备与全自动填孔电镀设备,完成全流程测试并出货。 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class=\"meta\">\n\n\n2026-09-23 17:08 北京时间 <a href=https://www.zhitongcaijing.com/immediately.html?type=usstock><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>打车软件巨头Grab与OpenAI在新加坡推出人工智能培训项目,后续将拓展至泰国、印度尼西亚和菲律宾。</p>\n\n<a href=\"https://www.zhitongcaijing.com/immediately.html?type=usstock\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","SG9999013478.USD":"利安新加坡股息基金","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU0210637038.USD":"HSBC GIF THAI EQUITY \"AD\" INC","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","LU2362541273.HKD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (HKD) ACC","SG9999002406.SGD":"利安新加坡信托基金","SG9999002620.SGD":"LionGlobal South East Asia SGD","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA 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","listText":"<a href=\"https://laohu8.com/S/.IXIC\">$纳斯达克(.IXIC)$ </a><v-v data-views=\"0\"></v-v> 貌似快崩盘了[开心] [开心] ","text":"$纳斯达克(.IXIC)$ 貌似快崩盘了[开心] [开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/608236175356848","isVote":1,"tweetType":1,"viewCount":1059,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606708282922160,"gmtCreate":1789145726340,"gmtModify":1789145728143,"author":{"id":"3482550532367433","authorId":"3482550532367433","name":"龙腾虎乐","avatar":"https://static.laohu8.com/1530cc5cd548815469551d0b8c1c8ee8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3482550532367433","authorIdStr":"3482550532367433"},"themes":[],"title":"","htmlText":"依然加不了[开心] [开心] ","listText":"依然加不了[开心] [开心] ","text":"依然加不了[开心] [开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/606708282922160","repostId":"1172660889","repostType":2,"repost":{"id":"1172660889","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1789128081,"share":"https://www.laohunote.com/m/news/1172660889?lang=zh_CN&edition=full","pubTime":"2026-09-11 20:01","market":"fut","language":"zh","title":"美股盘前|美国8月CPI符合市场预期!美联储下周加息概率拉升至90%;SpaceX百亿美元算力大单落地;绩优股甲骨文盘前涨近6%","url":"https://stock-news.laohu8.com/highlight/detail?id=1172660889","media":"老虎资讯综合","summary":"期指情绪显示投资者在经历上周震荡后倾向先行技术反弹,短线交易围绕AI、云及能源板块展开。","content":"<html><head></head><body><h2 style=\"text-align: left;\"><strong>01 股市</strong></h2><p style=\"text-align: left;\"><strong>截至9月11日,美股三大期指集体回暖。</strong>道琼斯指数主连报52391点,涨0.57%;标普500指数主连报7,640点,涨0.55%;纳斯达克100指数主连报29314点,涨0.62%。</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7f56ac9030335591bdfb318c899d65a5\" data-align=\"center\" tg-width=\"471\" tg-height=\"107\"/><span></span></p><p style=\"text-align: left;\"><strong>热门股异动:</strong>甲骨文披露云业务收入大增,盘前上涨约5.7%;Bloom Energy受氢能订单提速提振,上扬逾2.7%;英伟达延续反弹小幅走高;受收购消息刺激,ACV Auctions盘前急升逾四成;Adobe财测逊于部分乐观预期,股价回落约4.4%。</p><p style=\"text-align: left;\"><strong>中概股方面:</strong>阿里巴巴温和上涨0.9%,京东、拼多多微幅走高;蔚来和理想汽车分别上涨约2.0%与1.5%,小鹏汽车亦走强;相对而言,雾芯科技小幅下跌近0.6%。</p><h2 style=\"text-align: left;\"><strong>02 其他市场</strong></h2><p style=\"text-align: left;\"><strong>9月11日十年美债收益率上升0.17%,最新收益率为4.95%。</strong></p><p style=\"text-align: left;\"><strong>9月11日美元兑离岸人民币下降0.0752%,报6.78;美元兑港币上升0.0047%,报7.84。</strong></p><p style=\"text-align: left;\"><strong>9月11日美元指数上升0.0959个%,报99.17。</strong></p><p style=\"text-align: left;\"><strong>9月11日美原油主连期货下降3.20%,报99.20美元/桶;纽约金主连期货下降0.73%,报4,375.00美元/盎司。</strong></p><h2 style=\"text-align: left;\"><strong>03 要闻</strong></h2><p style=\"text-align: left;\"><strong>美国8月CPI同比增长3.4% 符合市场预期</strong></p><p style=\"text-align: left;\">美国8月CPI同比增长3.4%,预估为3.4%,前值为3.4%。美国8月CPI数据公布后,市场预计下周美联储加息的概率约为90%。</p><p style=\"text-align: left;\"><strong>SpaceX爆料重磅利好,百亿美元算力大单落地</strong></p><p style=\"text-align: left;\">美东时间9月10日,SpaceX首席财务官布雷特・约翰森(Bret Johnsen)出席2026高盛 Communacopia +科技大会,对外披露最新业务进展。约翰逊透露,SpaceX公司最近拿下又一笔大额AI算力托管订单,算力业务快速成为核心增长引擎。同时,他还公布了公司在地面算力扩容、轨道算力、星舰商业化、卫星直连手机等多条业务线时间表。</p><p style=\"text-align: left;\"><strong>美国财政部追加52亿美元长期国债回购未能稳住市场。</strong>新一轮回购规模低于市场预期,长端美债收益率继续冲高逼近5%,引发对融资成本上升的担忧。</p><p style=\"text-align: left;\"><strong>海湾合作委员会计划与伊朗外长会晤以商讨霍尔木兹海峡安全。</strong>多国希望通过临时协议稳定油轮通行秩序,相关消息令原油期货短线回落,美油跌幅一度扩大至3%。</p><p style=\"text-align: left;\"><strong>摩根大通上调Meta至“增持”并大幅提高目标价至820美元。</strong>报告认为Meta在AI智能体与模型API商业化处于早期快车道,预计未来数年带来可观增量收入。</p><p style=\"text-align: left;\"><strong>摩根士丹利给予英伟达股票增持评级目标价300美元。</strong>该行指出公司正以“资产负债表即服务”模式支持AI基础设施融资,虽对信用风险保持观望,但看好芯片及生态扩张潜力。</p><p style=\"text-align: left;\"><strong>Copart宣布拟斥资近20亿美元收购ACV Auctions。</strong>交易将加强Copart在二手汽车拍卖领域的数字化布局,受消息提振,ACV股票盘前急升逾四成。</p><p style=\"text-align: left;\"><strong>OpenAI高管透露将大规模投资下一代AI数据中心。</strong>CFO表示公司正布局2030年至2035年的算力基础设施,视“判断力”为未来最稀缺资产,或持续推高行业资本开支。</p><p style=\"text-align: left;\"><strong>华沿机器人被纳入港股通及恒生综合指数引资金追捧。</strong>公司兼具协作机器人整机与核心部件平台优势,获南向资金准入后被看好迎来估值重估,港股盘中大涨逾五成。</p><p style=\"text-align: left;\"><strong>Meta推出个人AI智能体“Muse”并接入Stripe支付。</strong>新应用支持邮件撰写、旅行预订与一键购物,未来或推动社交与电商融合,为公司打开新的变现渠道。</p><p style=\"text-align: left;\"><strong>宁德时代实施股份回购耗资约2亿元提振股价。</strong>公司首次通过集中竞价回购60.43万股A股,最高成交价331.61元,意在注销股份并优化资本结构,后续将按计划继续执行回购。</p><p style=\"text-align: left;\"><strong>智谱科技启动H股配售筹资扩张。</strong>文件显示,公司拟按每股714港元价格配售约2,197万股H股,以加快大模型研发和市场拓展,潜在募资超150亿港元。</p><p style=\"text-align: left;\"></p><p style=\"text-align: left;\"></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>美股盘前|美国8月CPI符合市场预期!美联储下周加息概率拉升至90%;SpaceX百亿美元算力大单落地;绩优股甲骨文盘前涨近6%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n美股盘前|美国8月CPI符合市场预期!美联储下周加息概率拉升至90%;SpaceX百亿美元算力大单落地;绩优股甲骨文盘前涨近6%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2026-09-11 20:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><h2 style=\"text-align: left;\"><strong>01 股市</strong></h2><p style=\"text-align: left;\"><strong>截至9月11日,美股三大期指集体回暖。</strong>道琼斯指数主连报52391点,涨0.57%;标普500指数主连报7,640点,涨0.55%;纳斯达克100指数主连报29314点,涨0.62%。</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7f56ac9030335591bdfb318c899d65a5\" data-align=\"center\" tg-width=\"471\" tg-height=\"107\"/><span></span></p><p style=\"text-align: left;\"><strong>热门股异动:</strong>甲骨文披露云业务收入大增,盘前上涨约5.7%;Bloom Energy受氢能订单提速提振,上扬逾2.7%;英伟达延续反弹小幅走高;受收购消息刺激,ACV Auctions盘前急升逾四成;Adobe财测逊于部分乐观预期,股价回落约4.4%。</p><p style=\"text-align: left;\"><strong>中概股方面:</strong>阿里巴巴温和上涨0.9%,京东、拼多多微幅走高;蔚来和理想汽车分别上涨约2.0%与1.5%,小鹏汽车亦走强;相对而言,雾芯科技小幅下跌近0.6%。</p><h2 style=\"text-align: left;\"><strong>02 其他市场</strong></h2><p style=\"text-align: left;\"><strong>9月11日十年美债收益率上升0.17%,最新收益率为4.95%。</strong></p><p style=\"text-align: left;\"><strong>9月11日美元兑离岸人民币下降0.0752%,报6.78;美元兑港币上升0.0047%,报7.84。</strong></p><p style=\"text-align: left;\"><strong>9月11日美元指数上升0.0959个%,报99.17。</strong></p><p style=\"text-align: left;\"><strong>9月11日美原油主连期货下降3.20%,报99.20美元/桶;纽约金主连期货下降0.73%,报4,375.00美元/盎司。</strong></p><h2 style=\"text-align: left;\"><strong>03 要闻</strong></h2><p style=\"text-align: left;\"><strong>美国8月CPI同比增长3.4% 符合市场预期</strong></p><p style=\"text-align: left;\">美国8月CPI同比增长3.4%,预估为3.4%,前值为3.4%。美国8月CPI数据公布后,市场预计下周美联储加息的概率约为90%。</p><p style=\"text-align: left;\"><strong>SpaceX爆料重磅利好,百亿美元算力大单落地</strong></p><p style=\"text-align: left;\">美东时间9月10日,SpaceX首席财务官布雷特・约翰森(Bret Johnsen)出席2026高盛 Communacopia +科技大会,对外披露最新业务进展。约翰逊透露,SpaceX公司最近拿下又一笔大额AI算力托管订单,算力业务快速成为核心增长引擎。同时,他还公布了公司在地面算力扩容、轨道算力、星舰商业化、卫星直连手机等多条业务线时间表。</p><p style=\"text-align: left;\"><strong>美国财政部追加52亿美元长期国债回购未能稳住市场。</strong>新一轮回购规模低于市场预期,长端美债收益率继续冲高逼近5%,引发对融资成本上升的担忧。</p><p style=\"text-align: left;\"><strong>海湾合作委员会计划与伊朗外长会晤以商讨霍尔木兹海峡安全。</strong>多国希望通过临时协议稳定油轮通行秩序,相关消息令原油期货短线回落,美油跌幅一度扩大至3%。</p><p style=\"text-align: left;\"><strong>摩根大通上调Meta至“增持”并大幅提高目标价至820美元。</strong>报告认为Meta在AI智能体与模型API商业化处于早期快车道,预计未来数年带来可观增量收入。</p><p style=\"text-align: left;\"><strong>摩根士丹利给予英伟达股票增持评级目标价300美元。</strong>该行指出公司正以“资产负债表即服务”模式支持AI基础设施融资,虽对信用风险保持观望,但看好芯片及生态扩张潜力。</p><p style=\"text-align: left;\"><strong>Copart宣布拟斥资近20亿美元收购ACV Auctions。</strong>交易将加强Copart在二手汽车拍卖领域的数字化布局,受消息提振,ACV股票盘前急升逾四成。</p><p style=\"text-align: left;\"><strong>OpenAI高管透露将大规模投资下一代AI数据中心。</strong>CFO表示公司正布局2030年至2035年的算力基础设施,视“判断力”为未来最稀缺资产,或持续推高行业资本开支。</p><p style=\"text-align: left;\"><strong>华沿机器人被纳入港股通及恒生综合指数引资金追捧。</strong>公司兼具协作机器人整机与核心部件平台优势,获南向资金准入后被看好迎来估值重估,港股盘中大涨逾五成。</p><p style=\"text-align: left;\"><strong>Meta推出个人AI智能体“Muse”并接入Stripe支付。</strong>新应用支持邮件撰写、旅行预订与一键购物,未来或推动社交与电商融合,为公司打开新的变现渠道。</p><p style=\"text-align: left;\"><strong>宁德时代实施股份回购耗资约2亿元提振股价。</strong>公司首次通过集中竞价回购60.43万股A股,最高成交价331.61元,意在注销股份并优化资本结构,后续将按计划继续执行回购。</p><p style=\"text-align: left;\"><strong>智谱科技启动H股配售筹资扩张。</strong>文件显示,公司拟按每股714港元价格配售约2,197万股H股,以加快大模型研发和市场拓展,潜在募资超150亿港元。</p><p style=\"text-align: left;\"></p><p style=\"text-align: left;\"></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ed4ee39e6b0f45214393093d70ba81a8","relate_stocks":{".DJI":"道琼斯","VIXY":"波动率短期期货指数ETF","SPYM":"投资组合标普500指数ETF-SPDR","SPXU":"三倍做空标普500ETF-ProShares","HIBL":"Direxion Daily S&P 500 High Beta Bull 3X Shares",".IXIC":"NASDAQ Composite","VIX":"标普500波动率指数","SPYQ":"2倍做多SPY Quarterly ETF-Tradr","TQQQ":"纳指三倍做多ETF",".SPX":"S&P 500 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Shares"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172660889","content_text":"01 股市截至9月11日,美股三大期指集体回暖。道琼斯指数主连报52391点,涨0.57%;标普500指数主连报7,640点,涨0.55%;纳斯达克100指数主连报29314点,涨0.62%。热门股异动:甲骨文披露云业务收入大增,盘前上涨约5.7%;Bloom Energy受氢能订单提速提振,上扬逾2.7%;英伟达延续反弹小幅走高;受收购消息刺激,ACV Auctions盘前急升逾四成;Adobe财测逊于部分乐观预期,股价回落约4.4%。中概股方面:阿里巴巴温和上涨0.9%,京东、拼多多微幅走高;蔚来和理想汽车分别上涨约2.0%与1.5%,小鹏汽车亦走强;相对而言,雾芯科技小幅下跌近0.6%。02 其他市场9月11日十年美债收益率上升0.17%,最新收益率为4.95%。9月11日美元兑离岸人民币下降0.0752%,报6.78;美元兑港币上升0.0047%,报7.84。9月11日美元指数上升0.0959个%,报99.17。9月11日美原油主连期货下降3.20%,报99.20美元/桶;纽约金主连期货下降0.73%,报4,375.00美元/盎司。03 要闻美国8月CPI同比增长3.4% 符合市场预期美国8月CPI同比增长3.4%,预估为3.4%,前值为3.4%。美国8月CPI数据公布后,市场预计下周美联储加息的概率约为90%。SpaceX爆料重磅利好,百亿美元算力大单落地美东时间9月10日,SpaceX首席财务官布雷特・约翰森(Bret Johnsen)出席2026高盛 Communacopia +科技大会,对外披露最新业务进展。约翰逊透露,SpaceX公司最近拿下又一笔大额AI算力托管订单,算力业务快速成为核心增长引擎。同时,他还公布了公司在地面算力扩容、轨道算力、星舰商业化、卫星直连手机等多条业务线时间表。美国财政部追加52亿美元长期国债回购未能稳住市场。新一轮回购规模低于市场预期,长端美债收益率继续冲高逼近5%,引发对融资成本上升的担忧。海湾合作委员会计划与伊朗外长会晤以商讨霍尔木兹海峡安全。多国希望通过临时协议稳定油轮通行秩序,相关消息令原油期货短线回落,美油跌幅一度扩大至3%。摩根大通上调Meta至“增持”并大幅提高目标价至820美元。报告认为Meta在AI智能体与模型API商业化处于早期快车道,预计未来数年带来可观增量收入。摩根士丹利给予英伟达股票增持评级目标价300美元。该行指出公司正以“资产负债表即服务”模式支持AI基础设施融资,虽对信用风险保持观望,但看好芯片及生态扩张潜力。Copart宣布拟斥资近20亿美元收购ACV Auctions。交易将加强Copart在二手汽车拍卖领域的数字化布局,受消息提振,ACV股票盘前急升逾四成。OpenAI高管透露将大规模投资下一代AI数据中心。CFO表示公司正布局2030年至2035年的算力基础设施,视“判断力”为未来最稀缺资产,或持续推高行业资本开支。华沿机器人被纳入港股通及恒生综合指数引资金追捧。公司兼具协作机器人整机与核心部件平台优势,获南向资金准入后被看好迎来估值重估,港股盘中大涨逾五成。Meta推出个人AI智能体“Muse”并接入Stripe支付。新应用支持邮件撰写、旅行预订与一键购物,未来或推动社交与电商融合,为公司打开新的变现渠道。宁德时代实施股份回购耗资约2亿元提振股价。公司首次通过集中竞价回购60.43万股A股,最高成交价331.61元,意在注销股份并优化资本结构,后续将按计划继续执行回购。智谱科技启动H股配售筹资扩张。文件显示,公司拟按每股714港元价格配售约2,197万股H股,以加快大模型研发和市场拓展,潜在募资超150亿港元。","news_type":1,"symbols_score_info":{".DJI":2,"SPYU":0.6,"SPXS":0.6,"SPXU":0.6,"VIXmain":2,"DIA":0.6,"UVXY":0.6,"IVV":0.6,"VIXY":2,"DXD":0.6,"SPYQ":0.6,"VXX":2,"SVIX":0.6,"DMAX":0.6,"HIBL":0.6,".IXIC":2,"NQmain":1,"SSO":0.6,"DOG":0.6,"SPXL":0.6,"SPDN":0.6,"SPY":0.6,"UVIX":0.6,"SDS":0.6,"SPYM":0.6,"UDOW":0.6,"SDOW":0.6,"TQQQ":2,".SPX":2,"SMAX":0.6,"SVXY":0.6,"YMmain":1,"MMAX":0.6,"SPYH":0.6,"YSPY":0.6,"SPUU":0.6,"SQQQ":2,"VOO":0.6,"SH":0.6,"DDM":0.6,"ESmain":1,"QQQ":2,"VIX":2,"UPRO":0.6}},"isVote":1,"tweetType":1,"viewCount":1322,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":590987718463608,"gmtCreate":1785251502554,"gmtModify":1785251504824,"author":{"id":"3482550532367433","authorId":"3482550532367433","name":"龙腾虎乐","avatar":"https://static.laohu8.com/1530cc5cd548815469551d0b8c1c8ee8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3482550532367433","authorIdStr":"3482550532367433"},"themes":[],"title":"","htmlText":"就这么点儿收入[捂脸] [捂脸] [捂脸] 利润呢?","listText":"就这么点儿收入[捂脸] [捂脸] [捂脸] 利润呢?","text":"就这么点儿收入[捂脸] [捂脸] [捂脸] 利润呢?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/590987718463608","repostId":"1168472761","repostType":2,"repost":{"id":"1168472761","kind":"news","weMediaInfo":{"introduction":"专注财报前瞻、财报解析的大模型Agent","home_visible":1,"media_name":"财报Agent","id":"1017018787","head_image":"https://community-static.tradeup.com/news/decf3d8a922fc5c1c1d787bf8b36173f"},"pubTimestamp":1785197033,"share":"https://www.laohunote.com/m/news/1168472761?lang=zh_CN&edition=full","pubTime":"2026-07-28 08:03","market":"hk","language":"zh","title":"财报前瞻|SpaceX本季度营收预计增至69.34亿美元,看多观点占优","url":"https://stock-news.laohu8.com/highlight/detail?id=1168472761","media":"财报Agent","summary":"SpaceX将于2026年08月04日发布最新财报,市场关注连接业务与太空AI合同兑现对营收与利润的拉动,以及发射系统升级带来的节奏变化。市场一致预期本季度SpaceX营收为69.34亿美元,EBIT为-15.42亿美元,调整后每股收益为-0.25;公司层面暂未见针对本季度的毛利率、净利润或净利率指引与一致预期覆盖。上季度SpaceX营收46.94亿美元,毛利率49.13%,归属于母公司股东的净亏损42.76亿美元,净利率-91.09%,调整后每股收益未披露;同比数据工具未提供。","content":"<p style=\"text-align: left;\"></p><h2 style=\"text-align: left;\">摘要</h2><p style=\"text-align: left;\"> SpaceX将于2026年08月04日(美股盘后)发布最新财报,市场关注连接业务与太空AI合同兑现对营收与利润的拉动,以及发射系统升级带来的节奏变化。</p><h2 style=\"text-align: left;\">市场预测</h2><p style=\"text-align: left;\"> 市场一致预期本季度SpaceX营收为69.34亿美元,EBIT为-15.42亿美元,调整后每股收益为-0.25;上季度构成显示,连接业务营收32.57亿美元,占比69.39%,体现出规模化现金流能力与稳健的付费场景拓展。现阶段被市场视为发展前景较大的现有业务为人工智能板块,上季度营收8.18亿美元。</p><h2 style=\"text-align: left;\">上季度回顾</h2><p style=\"text-align: left;\"> 上季度SpaceX营收46.94亿美元,毛利率49.13%,归属于母公司股东的净亏损42.76亿美元,净利率-91.09%。业务结构上,连接业务占比69.39%,人工智能占比17.43%,太空相关业务占比13.19%,呈现“现金流+投入”双轨运行特征。主营亮点集中在连接板块,上季度营收32.57亿美元。</p><h2 style=\"text-align: left;\">本季度展望</h2><h4 style=\"text-align: left;\">连接场景的商业化深化</h4><p style=\"text-align: left;\"> 连接板块在上季度贡献32.57亿美元,占比69.39%,持续验证付费用户与场景的扩展能力。本季度市场将关注企业专线、航空与海事应用以及直连手机产品推进度,对ARPU与付费率结构的影响尤为关键;若高价值场景占比提升,边际毛利有望改善。由于上季度净利率为-91.09%,收入端的增长更需叠加成本效率的验证,尤其是终端补贴、地面站运维与带宽成本优化节奏。一旦用户结构从消费端向企业与公共服务端倾斜,营收确定性与跨周期韧性将提升,对现金流的支撑也更清晰。</p><h4 style=\"text-align: left;\">太空AI算力合同兑现与利润曲线</h4><p style=\"text-align: left;\"> 今年上半年披露的两类大额算力合同为中期营收与订单能见度提供支撑:其一,与Anthropic签署总额约450.00亿美元、为期三年的算力服务合同(按月12.50亿美元的固定服务费模式);其二,与大型科技公司签署的算力合作协议合计达到294.40亿美元,强化经常性收入框架。就会计确认而言,这类合同通常按服务履约进度分期确认,短期对当季营收的弹性受交付里程碑与上架容量进度影响较大。结合本季度一致预期EBIT为-15.42亿美元,市场焦点在于:上架容量与机电能效优化是否能对单位算力成本形成有效钳制;合同履约的负荷爬坡是否带来规模效应;以及GPU与电力侧扩容对现金消耗强度的边际变化,进而影响后续季度的利润曲线斜率。</p><h4 style=\"text-align: left;\">运载系统升级带来的节奏与不确定</h4><p style=\"text-align: left;\"> 公司正将资源向下一代运载系统倾斜,并限制部分远期猎鹰系列的商业预订,以加快升级路径,这对短期发射类收入结构与成本分摊形成扰动。发射测试窗口与复飞节奏一旦顺畅,长期单位入轨成本下降将反哺上游部署与下游应用的成本曲线,增强大型项目的经济性;若测试推迟或复用率爬坡慢于预期,短期费用化压力可能继续抬升。市场据此将更重视现金流的匹配度和资本开支的阶段性回报,关注发射节奏对连接与AI两端业务扩展的协同效应,尤其是对新一代在轨算力与大规模组网的时间表影响。</p><h4 style=\"text-align: left;\">财报窗口的股价敏感点</h4><p style=\"text-align: left;\"> 近期股价在解禁预期与波动加剧的环境下曾下探至108.66美元附近,交易层面的空头回补与多头增持动态令波动率提升。本季度业绩披露的敏感点包括:连接业务的高价值场景收入占比变化、AI算力合同的确认节奏与毛利结构、以及运载系统测试与发射频次的最新安排。若营收与订单能见度优于一致预期,同时费用率出现阶段性收敛,估值有望获得再定价的基础;反之,若测试节奏或费用化强度超预期,股价或延续对远期兑现度的再评估。</p><h2 style=\"text-align: left;\">分析师观点</h2><p style=\"text-align: left;\"> 从公开观点看,看多与增持立场占比更高。多家机构给出积极评价与较高目标价,其中有机构维持增持评级并给出300.00美元目标价,理由是若股价接近100.00美元,隐含对AI业务的估值接近零且对连接与发射业务2028年EBITDA的内含假设显著保守;另有统计口径显示,覆盖该股的分析师平均评级为“超配”,平均目标价为236.72美元,反映对中期增长曲线的认可。与之相对,谨慎方观点包括“持有”与相对低的目标价(如115.00美元),强调短期解禁与费用化压力,以及发射测试进度的不确定性。综合对比,当前主流观点的共识在于:连接业务的现金流属性与AI合同的长期订单可见度奠定了营收增长的基本盘,而运载系统升级在中长期内有望改写成本曲线;短期仍需观察费用率与履约节奏,但市场定价更倾向于在验证路径中寻找估值修复契机。</p><p style=\"text-align: left;\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>财报前瞻|SpaceX本季度营收预计增至69.34亿美元,看多观点占优</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n财报前瞻|SpaceX本季度营收预计增至69.34亿美元,看多观点占优\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1017018787\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/decf3d8a922fc5c1c1d787bf8b36173f);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">财报Agent </p>\n<p class=\"h-time\">2026-07-28 08:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p style=\"text-align: left;\"></p><h2 style=\"text-align: left;\">摘要</h2><p style=\"text-align: left;\"> SpaceX将于2026年08月04日(美股盘后)发布最新财报,市场关注连接业务与太空AI合同兑现对营收与利润的拉动,以及发射系统升级带来的节奏变化。</p><h2 style=\"text-align: left;\">市场预测</h2><p style=\"text-align: left;\"> 市场一致预期本季度SpaceX营收为69.34亿美元,EBIT为-15.42亿美元,调整后每股收益为-0.25;上季度构成显示,连接业务营收32.57亿美元,占比69.39%,体现出规模化现金流能力与稳健的付费场景拓展。现阶段被市场视为发展前景较大的现有业务为人工智能板块,上季度营收8.18亿美元。</p><h2 style=\"text-align: left;\">上季度回顾</h2><p style=\"text-align: left;\"> 上季度SpaceX营收46.94亿美元,毛利率49.13%,归属于母公司股东的净亏损42.76亿美元,净利率-91.09%。业务结构上,连接业务占比69.39%,人工智能占比17.43%,太空相关业务占比13.19%,呈现“现金流+投入”双轨运行特征。主营亮点集中在连接板块,上季度营收32.57亿美元。</p><h2 style=\"text-align: left;\">本季度展望</h2><h4 style=\"text-align: left;\">连接场景的商业化深化</h4><p style=\"text-align: left;\"> 连接板块在上季度贡献32.57亿美元,占比69.39%,持续验证付费用户与场景的扩展能力。本季度市场将关注企业专线、航空与海事应用以及直连手机产品推进度,对ARPU与付费率结构的影响尤为关键;若高价值场景占比提升,边际毛利有望改善。由于上季度净利率为-91.09%,收入端的增长更需叠加成本效率的验证,尤其是终端补贴、地面站运维与带宽成本优化节奏。一旦用户结构从消费端向企业与公共服务端倾斜,营收确定性与跨周期韧性将提升,对现金流的支撑也更清晰。</p><h4 style=\"text-align: left;\">太空AI算力合同兑现与利润曲线</h4><p style=\"text-align: left;\"> 今年上半年披露的两类大额算力合同为中期营收与订单能见度提供支撑:其一,与Anthropic签署总额约450.00亿美元、为期三年的算力服务合同(按月12.50亿美元的固定服务费模式);其二,与大型科技公司签署的算力合作协议合计达到294.40亿美元,强化经常性收入框架。就会计确认而言,这类合同通常按服务履约进度分期确认,短期对当季营收的弹性受交付里程碑与上架容量进度影响较大。结合本季度一致预期EBIT为-15.42亿美元,市场焦点在于:上架容量与机电能效优化是否能对单位算力成本形成有效钳制;合同履约的负荷爬坡是否带来规模效应;以及GPU与电力侧扩容对现金消耗强度的边际变化,进而影响后续季度的利润曲线斜率。</p><h4 style=\"text-align: left;\">运载系统升级带来的节奏与不确定</h4><p style=\"text-align: left;\"> 公司正将资源向下一代运载系统倾斜,并限制部分远期猎鹰系列的商业预订,以加快升级路径,这对短期发射类收入结构与成本分摊形成扰动。发射测试窗口与复飞节奏一旦顺畅,长期单位入轨成本下降将反哺上游部署与下游应用的成本曲线,增强大型项目的经济性;若测试推迟或复用率爬坡慢于预期,短期费用化压力可能继续抬升。市场据此将更重视现金流的匹配度和资本开支的阶段性回报,关注发射节奏对连接与AI两端业务扩展的协同效应,尤其是对新一代在轨算力与大规模组网的时间表影响。</p><h4 style=\"text-align: left;\">财报窗口的股价敏感点</h4><p style=\"text-align: left;\"> 近期股价在解禁预期与波动加剧的环境下曾下探至108.66美元附近,交易层面的空头回补与多头增持动态令波动率提升。本季度业绩披露的敏感点包括:连接业务的高价值场景收入占比变化、AI算力合同的确认节奏与毛利结构、以及运载系统测试与发射频次的最新安排。若营收与订单能见度优于一致预期,同时费用率出现阶段性收敛,估值有望获得再定价的基础;反之,若测试节奏或费用化强度超预期,股价或延续对远期兑现度的再评估。</p><h2 style=\"text-align: left;\">分析师观点</h2><p style=\"text-align: left;\"> 从公开观点看,看多与增持立场占比更高。多家机构给出积极评价与较高目标价,其中有机构维持增持评级并给出300.00美元目标价,理由是若股价接近100.00美元,隐含对AI业务的估值接近零且对连接与发射业务2028年EBITDA的内含假设显著保守;另有统计口径显示,覆盖该股的分析师平均评级为“超配”,平均目标价为236.72美元,反映对中期增长曲线的认可。与之相对,谨慎方观点包括“持有”与相对低的目标价(如115.00美元),强调短期解禁与费用化压力,以及发射测试进度的不确定性。综合对比,当前主流观点的共识在于:连接业务的现金流属性与AI合同的长期订单可见度奠定了营收增长的基本盘,而运载系统升级在中长期内有望改写成本曲线;短期仍需观察费用率与履约节奏,但市场定价更倾向于在验证路径中寻找估值修复契机。</p><p style=\"text-align: left;\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCX":"SPAC and New Issue ETF"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168472761","content_text":"摘要 SpaceX将于2026年08月04日(美股盘后)发布最新财报,市场关注连接业务与太空AI合同兑现对营收与利润的拉动,以及发射系统升级带来的节奏变化。市场预测 市场一致预期本季度SpaceX营收为69.34亿美元,EBIT为-15.42亿美元,调整后每股收益为-0.25;上季度构成显示,连接业务营收32.57亿美元,占比69.39%,体现出规模化现金流能力与稳健的付费场景拓展。现阶段被市场视为发展前景较大的现有业务为人工智能板块,上季度营收8.18亿美元。上季度回顾 上季度SpaceX营收46.94亿美元,毛利率49.13%,归属于母公司股东的净亏损42.76亿美元,净利率-91.09%。业务结构上,连接业务占比69.39%,人工智能占比17.43%,太空相关业务占比13.19%,呈现“现金流+投入”双轨运行特征。主营亮点集中在连接板块,上季度营收32.57亿美元。本季度展望连接场景的商业化深化 连接板块在上季度贡献32.57亿美元,占比69.39%,持续验证付费用户与场景的扩展能力。本季度市场将关注企业专线、航空与海事应用以及直连手机产品推进度,对ARPU与付费率结构的影响尤为关键;若高价值场景占比提升,边际毛利有望改善。由于上季度净利率为-91.09%,收入端的增长更需叠加成本效率的验证,尤其是终端补贴、地面站运维与带宽成本优化节奏。一旦用户结构从消费端向企业与公共服务端倾斜,营收确定性与跨周期韧性将提升,对现金流的支撑也更清晰。太空AI算力合同兑现与利润曲线 今年上半年披露的两类大额算力合同为中期营收与订单能见度提供支撑:其一,与Anthropic签署总额约450.00亿美元、为期三年的算力服务合同(按月12.50亿美元的固定服务费模式);其二,与大型科技公司签署的算力合作协议合计达到294.40亿美元,强化经常性收入框架。就会计确认而言,这类合同通常按服务履约进度分期确认,短期对当季营收的弹性受交付里程碑与上架容量进度影响较大。结合本季度一致预期EBIT为-15.42亿美元,市场焦点在于:上架容量与机电能效优化是否能对单位算力成本形成有效钳制;合同履约的负荷爬坡是否带来规模效应;以及GPU与电力侧扩容对现金消耗强度的边际变化,进而影响后续季度的利润曲线斜率。运载系统升级带来的节奏与不确定 公司正将资源向下一代运载系统倾斜,并限制部分远期猎鹰系列的商业预订,以加快升级路径,这对短期发射类收入结构与成本分摊形成扰动。发射测试窗口与复飞节奏一旦顺畅,长期单位入轨成本下降将反哺上游部署与下游应用的成本曲线,增强大型项目的经济性;若测试推迟或复用率爬坡慢于预期,短期费用化压力可能继续抬升。市场据此将更重视现金流的匹配度和资本开支的阶段性回报,关注发射节奏对连接与AI两端业务扩展的协同效应,尤其是对新一代在轨算力与大规模组网的时间表影响。财报窗口的股价敏感点 近期股价在解禁预期与波动加剧的环境下曾下探至108.66美元附近,交易层面的空头回补与多头增持动态令波动率提升。本季度业绩披露的敏感点包括:连接业务的高价值场景收入占比变化、AI算力合同的确认节奏与毛利结构、以及运载系统测试与发射频次的最新安排。若营收与订单能见度优于一致预期,同时费用率出现阶段性收敛,估值有望获得再定价的基础;反之,若测试节奏或费用化强度超预期,股价或延续对远期兑现度的再评估。分析师观点 从公开观点看,看多与增持立场占比更高。多家机构给出积极评价与较高目标价,其中有机构维持增持评级并给出300.00美元目标价,理由是若股价接近100.00美元,隐含对AI业务的估值接近零且对连接与发射业务2028年EBITDA的内含假设显著保守;另有统计口径显示,覆盖该股的分析师平均评级为“超配”,平均目标价为236.72美元,反映对中期增长曲线的认可。与之相对,谨慎方观点包括“持有”与相对低的目标价(如115.00美元),强调短期解禁与费用化压力,以及发射测试进度的不确定性。综合对比,当前主流观点的共识在于:连接业务的现金流属性与AI合同的长期订单可见度奠定了营收增长的基本盘,而运载系统升级在中长期内有望改写成本曲线;短期仍需观察费用率与履约节奏,但市场定价更倾向于在验证路径中寻找估值修复契机。","news_type":1,"symbols_score_info":{"SPCX":1}},"isVote":1,"tweetType":1,"viewCount":2242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":590644372918336,"gmtCreate":1785201400846,"gmtModify":1785201402678,"author":{"id":"3482550532367433","authorId":"3482550532367433","name":"龙腾虎乐","avatar":"https://static.laohu8.com/1530cc5cd548815469551d0b8c1c8ee8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3482550532367433","authorIdStr":"3482550532367433"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/SPCX\">$SpaceX(SPCX)$</a> 大概率破50[捂脸] [捂脸] 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Wachtell, Lipton, Rosen & Katz,对有关指控展开调查。本周,英伟达 盘后股价已经下跌8%,目前有望连续第六周下跌。","content":"<html><head></head><body><p style=\"text-align: left;\">核心要点</p><ul><li><p style=\"text-align: left;\">外电报道称,英伟达首席执行官黄仁勋曾与公司一名名叫 Kimberly Powell 的员工发生婚外情。</p></li><li><p style=\"text-align: left;\">这一报道发布前几天,黄仁勋刚刚承认自己曾与Alice Huang 发生婚外情。</p></li><li><p style=\"text-align: left;\">Powell 是英伟达医疗保健业务副总裁,于2008年加入公司。</p></li></ul><p style=\"text-align: left;\">周三盘后交易中,英伟达(Nvidia)股价下跌 8%。此前,《华尔街日报》报道称,该公司董事会正在准备罢免首席执行官黄仁勋(Jensen Huang)。</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f6f4b0bfa88b72f56b79819f47b74c92\" data-align=\"center\" tg-width=\"704\" tg-height=\"190\"/><span></span></p><p style=\"text-align: left;\">这一消息发布前几分钟,《纽约时报》刚刚报道称,黄仁勋曾与公司另一名高管发生婚外关系。</p><p style=\"text-align: left;\">据《纽约时报》报道,这段涉嫌存在的婚外关系涉及 Kimberly Powell,她目前担任英伟达医疗保健业务副总裁。</p><p style=\"text-align: left;\">英伟达官网上的个人简介显示,Powell 负责公司的全球医疗保健业务,包括用于加速计算、人工智能和可视化的硬件及软件平台。这些平台为医学影像、生命科学、药物发现以及医疗保健数据分析等领域的生态系统提供支持。</p><p style=\"text-align: left;\">《纽约时报》报道称,今年3月,黄仁勋和 Powell 曾被摄像头拍到在美国加利福尼亚州圣何塞的一家酒店内亲密互动。</p><p style=\"text-align: left;\">Heller 是一家危机公关公司,据报道,黄仁勋最早于去年就聘请了该公司。</p><p style=\"text-align: left;\">这篇报道发布前几天,黄仁勋刚刚承认自己曾与一名女性发生婚外情。</p><p style=\"text-align: left;\">据英国《金融时报》报道,黄仁勋曾与 Alice Huang 保持恋爱关系。</p><p style=\"text-align: left;\">英伟达董事会已经启动独立调查,并聘请律师事务所 Wachtell, Lipton, Rosen & Katz,对有关指控展开调查。</p><p style=\"text-align: left;\">黄仁勋周日在发给英伟达员工的信息中写道:</p><p style=\"text-align: left;\">“我对妻子不忠。我的行为伤害了她和我们的孩子。我所做的一切都没有任何借口。”</p><p style=\"text-align: left;\">“我对此深感抱歉。”</p><p style=\"text-align: left;\">据一位不愿透露姓名的前员工透露,由于此事具有敏感性,有关黄仁勋与 Powell 之间存在婚外情的传闻已经流传多年。部分原因在于,Powell 并没有医疗或科学领域的专业背景。</p><p style=\"text-align: left;\">本周,英伟达 盘后股价已经下跌8%,目前有望连续第六周下跌。这反映出市场普遍担忧人工智能基础设施建设热潮能否持续。</p><p style=\"text-align: left;\">上周,在美国中期选举结束后,人工智能基础设施相关交易遭受了尤为严重的冲击。当时,美国民主党在国会参众两院均取得压倒性多数席位,此外,还有数十项选票提案获得通过,这些提案可能会增加数据中心建设的难度。</p><p style=\"text-align: left;\">黄仁勋已经成为人工智能产业的标志性人物。无论是客户还是竞争对手,通常都直接称呼他的名字——“Jensen”。</p><p style=\"text-align: left;\">由于英伟达的芯片被广泛用于训练人工智能模型,以及运行大规模人工智能工作负载,因此,自人工智能热潮兴起以来,英伟达一直是其中的主要受益者之一。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>英伟达据报准备罢免黄仁勋,外电再爆其与公司另一名高管发生婚外情</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n英伟达据报准备罢免黄仁勋,外电再爆其与公司另一名高管发生婚外情\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2026-11-12 06:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">核心要点</p><ul><li><p style=\"text-align: left;\">外电报道称,英伟达首席执行官黄仁勋曾与公司一名名叫 Kimberly Powell 的员工发生婚外情。</p></li><li><p style=\"text-align: left;\">这一报道发布前几天,黄仁勋刚刚承认自己曾与Alice Huang 发生婚外情。</p></li><li><p style=\"text-align: left;\">Powell 是英伟达医疗保健业务副总裁,于2008年加入公司。</p></li></ul><p style=\"text-align: left;\">周三盘后交易中,英伟达(Nvidia)股价下跌 8%。此前,《华尔街日报》报道称,该公司董事会正在准备罢免首席执行官黄仁勋(Jensen Huang)。</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f6f4b0bfa88b72f56b79819f47b74c92\" data-align=\"center\" tg-width=\"704\" tg-height=\"190\"/><span></span></p><p style=\"text-align: left;\">这一消息发布前几分钟,《纽约时报》刚刚报道称,黄仁勋曾与公司另一名高管发生婚外关系。</p><p style=\"text-align: left;\">据《纽约时报》报道,这段涉嫌存在的婚外关系涉及 Kimberly Powell,她目前担任英伟达医疗保健业务副总裁。</p><p style=\"text-align: left;\">英伟达官网上的个人简介显示,Powell 负责公司的全球医疗保健业务,包括用于加速计算、人工智能和可视化的硬件及软件平台。这些平台为医学影像、生命科学、药物发现以及医疗保健数据分析等领域的生态系统提供支持。</p><p style=\"text-align: left;\">《纽约时报》报道称,今年3月,黄仁勋和 Powell 曾被摄像头拍到在美国加利福尼亚州圣何塞的一家酒店内亲密互动。</p><p style=\"text-align: left;\">Heller 是一家危机公关公司,据报道,黄仁勋最早于去年就聘请了该公司。</p><p style=\"text-align: left;\">这篇报道发布前几天,黄仁勋刚刚承认自己曾与一名女性发生婚外情。</p><p style=\"text-align: left;\">据英国《金融时报》报道,黄仁勋曾与 Alice Huang 保持恋爱关系。</p><p style=\"text-align: left;\">英伟达董事会已经启动独立调查,并聘请律师事务所 Wachtell, Lipton, Rosen & Katz,对有关指控展开调查。</p><p style=\"text-align: left;\">黄仁勋周日在发给英伟达员工的信息中写道:</p><p style=\"text-align: left;\">“我对妻子不忠。我的行为伤害了她和我们的孩子。我所做的一切都没有任何借口。”</p><p style=\"text-align: left;\">“我对此深感抱歉。”</p><p style=\"text-align: left;\">据一位不愿透露姓名的前员工透露,由于此事具有敏感性,有关黄仁勋与 Powell 之间存在婚外情的传闻已经流传多年。部分原因在于,Powell 并没有医疗或科学领域的专业背景。</p><p style=\"text-align: left;\">本周,英伟达 盘后股价已经下跌8%,目前有望连续第六周下跌。这反映出市场普遍担忧人工智能基础设施建设热潮能否持续。</p><p style=\"text-align: left;\">上周,在美国中期选举结束后,人工智能基础设施相关交易遭受了尤为严重的冲击。当时,美国民主党在国会参众两院均取得压倒性多数席位,此外,还有数十项选票提案获得通过,这些提案可能会增加数据中心建设的难度。</p><p style=\"text-align: left;\">黄仁勋已经成为人工智能产业的标志性人物。无论是客户还是竞争对手,通常都直接称呼他的名字——“Jensen”。</p><p style=\"text-align: left;\">由于英伟达的芯片被广泛用于训练人工智能模型,以及运行大规模人工智能工作负载,因此,自人工智能热潮兴起以来,英伟达一直是其中的主要受益者之一。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://community-static.tradeup.com/news/18c351118cb50aaf7d4674f68f1e166f","relate_stocks":{"NVDG":"2倍做多NVDA ETF- Leverage Shares","07788":"南方两倍做多英伟达","NVDL":"2倍做多NVDA ETF-GraniteShares","NVDQ":"2倍做空NVDA ETF-T-Rex","NVDS":"1.5倍做空NVDA ETF-Tradr","NVDA":"英伟达","NVDU":"2倍做多NVDA ETF-Direxion","DIPS":"做空NVDA期权收益策略ETF-YieldMax","NVDW":"NVDA周配息ETF-Roundhill","NVDX":"2倍做多NVDA ETF-T-Rex","NVDO":"2倍上限加速NVDA ETF-Leverage Shares","NVC":"Corgi NVDA 2x Daily ETF","ANV":"GraniteShares Autocallable NVDA ETF","NVDY":"NVDA期权收益策略ETF-YieldMax","NVD":"2倍做空NVDA ETF-GraniteShares","NVYY":"GraniteShares YieldBOOST NVDA ETF","07388":"南方两倍做空英伟达","NVDB":"ProShares Ultra NVDA ETF","NVII":"Rex NVDA Growth & Income ETF","NVDD":"1倍做空NVDA ETF-Direxion"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190537568","content_text":"核心要点外电报道称,英伟达首席执行官黄仁勋曾与公司一名名叫 Kimberly Powell 的员工发生婚外情。这一报道发布前几天,黄仁勋刚刚承认自己曾与Alice Huang 发生婚外情。Powell 是英伟达医疗保健业务副总裁,于2008年加入公司。周三盘后交易中,英伟达(Nvidia)股价下跌 8%。此前,《华尔街日报》报道称,该公司董事会正在准备罢免首席执行官黄仁勋(Jensen Huang)。这一消息发布前几分钟,《纽约时报》刚刚报道称,黄仁勋曾与公司另一名高管发生婚外关系。据《纽约时报》报道,这段涉嫌存在的婚外关系涉及 Kimberly Powell,她目前担任英伟达医疗保健业务副总裁。英伟达官网上的个人简介显示,Powell 负责公司的全球医疗保健业务,包括用于加速计算、人工智能和可视化的硬件及软件平台。这些平台为医学影像、生命科学、药物发现以及医疗保健数据分析等领域的生态系统提供支持。《纽约时报》报道称,今年3月,黄仁勋和 Powell 曾被摄像头拍到在美国加利福尼亚州圣何塞的一家酒店内亲密互动。Heller 是一家危机公关公司,据报道,黄仁勋最早于去年就聘请了该公司。这篇报道发布前几天,黄仁勋刚刚承认自己曾与一名女性发生婚外情。据英国《金融时报》报道,黄仁勋曾与 Alice Huang 保持恋爱关系。英伟达董事会已经启动独立调查,并聘请律师事务所 Wachtell, Lipton, Rosen & Katz,对有关指控展开调查。黄仁勋周日在发给英伟达员工的信息中写道:“我对妻子不忠。我的行为伤害了她和我们的孩子。我所做的一切都没有任何借口。”“我对此深感抱歉。”据一位不愿透露姓名的前员工透露,由于此事具有敏感性,有关黄仁勋与 Powell 之间存在婚外情的传闻已经流传多年。部分原因在于,Powell 并没有医疗或科学领域的专业背景。本周,英伟达 盘后股价已经下跌8%,目前有望连续第六周下跌。这反映出市场普遍担忧人工智能基础设施建设热潮能否持续。上周,在美国中期选举结束后,人工智能基础设施相关交易遭受了尤为严重的冲击。当时,美国民主党在国会参众两院均取得压倒性多数席位,此外,还有数十项选票提案获得通过,这些提案可能会增加数据中心建设的难度。黄仁勋已经成为人工智能产业的标志性人物。无论是客户还是竞争对手,通常都直接称呼他的名字——“Jensen”。由于英伟达的芯片被广泛用于训练人工智能模型,以及运行大规模人工智能工作负载,因此,自人工智能热潮兴起以来,英伟达一直是其中的主要受益者之一。","news_type":1,"symbols_score_info":{"NVDS":0.6,"NVDG":0.6,"NVYY":0.6,"NVD":0.6,"07388":0.6,"NVDY":0.6,"NVDD":0.6,"ANV":0.6,"07788":0.6,"NVDU":0.6,"NVDX":0.6,"NVDW":0.6,"NVDO":0.6,"NVC":0.6,"NVDB":0.6,"NVDQ":0.6,"NVDA":2,"NVDL":0.6,"NVII":0.6,"DIPS":0.6}},"isVote":1,"tweetType":1,"viewCount":8,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":586590235005648,"gmtCreate":1784241938098,"gmtModify":1784241940940,"author":{"id":"3482550532367433","authorId":"3482550532367433","name":"龙腾虎乐","avatar":"https://static.laohu8.com/1530cc5cd548815469551d0b8c1c8ee8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3482550532367433","idStr":"3482550532367433"},"themes":[],"title":"","htmlText":"<a 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href=\"https://laohu8.com/S/OKLO\">$Oklo Inc.(OKLO)$ </a> 如此神经病的股票[惊讶] [惊讶] ","listText":"<a href=\"https://laohu8.com/S/OKLO\">$Oklo Inc.(OKLO)$ </a> 如此神经病的股票[惊讶] [惊讶] ","text":"$Oklo Inc.(OKLO)$ 如此神经病的股票[惊讶] [惊讶]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/386116915032104","isVote":1,"tweetType":1,"viewCount":1947,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":548482681901496,"gmtCreate":1774930482403,"gmtModify":1774930960471,"author":{"id":"3482550532367433","authorId":"3482550532367433","name":"龙腾虎乐","avatar":"https://static.laohu8.com/1530cc5cd548815469551d0b8c1c8ee8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3482550532367433","idStr":"3482550532367433"},"themes":[],"title":"","htmlText":"特朗普不傻的话还是赶快撤吧[捂脸] [捂脸] ","listText":"特朗普不傻的话还是赶快撤吧[捂脸] [捂脸] ","text":"特朗普不傻的话还是赶快撤吧[捂脸] [捂脸]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/548482681901496","repostId":"1130634683","repostType":2,"repost":{"id":"1130634683","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1774917952,"share":"https://www.laohunote.com/m/news/1130634683?lang=zh_CN&edition=full","pubTime":"2026-03-31 08:45","market":"fut","language":"zh","title":"特朗普:愿意在不重新开放霍尔木兹海峡的情况下结束战争","url":"https://stock-news.laohu8.com/highlight/detail?id=1130634683","media":"老虎资讯综合","summary":"逐步结束当前战事。","content":"<html><head></head><body><p>据华尔街日报报道,美国政府官员透露,<strong>美国总统特朗普已向其幕僚表示,即使霍尔木兹海峡仍基本处于关闭状态,他也愿意结束美国对伊朗的军事行动。</strong>此举可能会延长德黑兰对该水道的牢固控制,并将重新开放海峡这一复杂行动留待日后处理。</p><p>近日,特朗普及其幕僚评估认为,打通这一咽喉要道的任务将使冲突超出他设定的四至六周时间表。特朗普已决定,美国应实现削弱伊朗海军及导弹库存的主要目标,逐步结束当前战事,同时通过外交途径向伊朗施压,要求恢复自由贸易。官员们表示,若此举失败,华盛顿将施压欧洲及海湾地区的盟友牵头重新开放海峡。他们称,特朗普也可选择军事方案,但这并非其当前优先事项。</p><p>消息公布后,美股指数期货直线拉升,原油期货价格快速下跌。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3586dae988fbf58961f8390287dc4524\" title=\"\" tg-width=\"1284\" tg-height=\"627\"/></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e61418cac3f1ac23ef6ea1a97f4448ab\" title=\"\" tg-width=\"1284\" tg-height=\"642\"/></p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>特朗普:愿意在不重新开放霍尔木兹海峡的情况下结束战争</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n特朗普:愿意在不重新开放霍尔木兹海峡的情况下结束战争\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2026-03-31 08:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>据华尔街日报报道,美国政府官员透露,<strong>美国总统特朗普已向其幕僚表示,即使霍尔木兹海峡仍基本处于关闭状态,他也愿意结束美国对伊朗的军事行动。</strong>此举可能会延长德黑兰对该水道的牢固控制,并将重新开放海峡这一复杂行动留待日后处理。</p><p>近日,特朗普及其幕僚评估认为,打通这一咽喉要道的任务将使冲突超出他设定的四至六周时间表。特朗普已决定,美国应实现削弱伊朗海军及导弹库存的主要目标,逐步结束当前战事,同时通过外交途径向伊朗施压,要求恢复自由贸易。官员们表示,若此举失败,华盛顿将施压欧洲及海湾地区的盟友牵头重新开放海峡。他们称,特朗普也可选择军事方案,但这并非其当前优先事项。</p><p>消息公布后,美股指数期货直线拉升,原油期货价格快速下跌。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3586dae988fbf58961f8390287dc4524\" title=\"\" tg-width=\"1284\" tg-height=\"627\"/></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e61418cac3f1ac23ef6ea1a97f4448ab\" title=\"\" tg-width=\"1284\" tg-height=\"642\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://community-static.tradeup.com/news/e5f0667b28908ea81c4feafc83802afa","relate_stocks":{},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130634683","content_text":"据华尔街日报报道,美国政府官员透露,美国总统特朗普已向其幕僚表示,即使霍尔木兹海峡仍基本处于关闭状态,他也愿意结束美国对伊朗的军事行动。此举可能会延长德黑兰对该水道的牢固控制,并将重新开放海峡这一复杂行动留待日后处理。近日,特朗普及其幕僚评估认为,打通这一咽喉要道的任务将使冲突超出他设定的四至六周时间表。特朗普已决定,美国应实现削弱伊朗海军及导弹库存的主要目标,逐步结束当前战事,同时通过外交途径向伊朗施压,要求恢复自由贸易。官员们表示,若此举失败,华盛顿将施压欧洲及海湾地区的盟友牵头重新开放海峡。他们称,特朗普也可选择军事方案,但这并非其当前优先事项。消息公布后,美股指数期货直线拉升,原油期货价格快速下跌。","news_type":1,"symbols_score_info":{"CLmain":2,"BZmain":2}},"isVote":1,"tweetType":1,"viewCount":1864,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":573903671321992,"gmtCreate":1781142847599,"gmtModify":1781144560441,"author":{"id":"3482550532367433","authorId":"3482550532367433","name":"龙腾虎乐","avatar":"https://static.laohu8.com/1530cc5cd548815469551d0b8c1c8ee8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3482550532367433","idStr":"3482550532367433"},"themes":[],"title":"","htmlText":"赔本儿赚吆喝[开心] [开心] 投资大还没啥利润💰","listText":"赔本儿赚吆喝[开心] [开心] 投资大还没啥利润💰","text":"赔本儿赚吆喝[开心] [开心] 投资大还没啥利润💰","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/573903671321992","repostId":"2642927479","repostType":2,"repost":{"id":"2642927479","kind":"highlight","weMediaInfo":{"introduction":"追踪全球财经热点,精选影响您财富的资讯,投资理财必备神器!","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1781121982,"share":"https://www.laohunote.com/m/news/2642927479?lang=zh_CN&edition=full","pubTime":"2026-06-11 04:06","market":"us","language":"zh","title":"数据中心成本担忧加剧,甲骨文资本开支超预期,新财年计划融资翻倍至400亿美元","url":"https://stock-news.laohu8.com/highlight/detail?id=2642927479","media":"华尔街见闻","summary":"甲骨文第四财季资本开支159亿美元,本财年全年资本开支557亿美元,公司预期为500亿美元;公司预计新财年资本开支700亿美元。本财年自由现金流为-237亿美元。预计新财年将通过债务和股权融资筹集400亿美元,其中包括此前宣布的200亿美元股票发行计划。盘后股价一度跌超9%。","content":"<html><head></head><body><blockquote><p style=\"text-align: left;\"><span>甲骨文第四财季资本开支159亿美元,本财年全年资本开支557亿美元,公司预期为500亿美元;公司预计新财年资本开支700亿美元。本财年自由现金流为-237亿美元。预计新财年将通过债务和股权融资筹集400亿美元,其中包括此前宣布的200亿美元股票发行计划。</span></p></blockquote><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/04d7c41b16dace8b5931b689af9db7ff\" data-align=\"center\" tg-width=\"644\" tg-height=\"1156\"/><span></span></p><p style=\"text-align: left;\"><a href=\"https://laohu8.com/S/ORCL\">甲骨文</a>(Oracle)公布截至2026年5月底的第四财季及全年业绩,<strong>资本开支超预期与公司新融资计划引发市场担忧。</strong>同时云基础设施业务强劲增长推动多项财务指标创下历史纪录,公司同步上调全年盈利指引。</p><p style=\"text-align: justify;\"><strong>甲骨文第四财季资本开支159亿美元,本财年全年资本开支557亿美元,公司预期为500亿美元;公司预计新财年资本开支700亿美元。</strong></p><p style=\"text-align: justify;\">同时公司表示,<strong>预计将通过债务和股权融资筹集400亿美元,其中包括此前宣布的200亿美元股票发行计划。</strong>此举引发了投资者的担忧,盘后股价一度跌超9%。</p><p style=\"text-align: justify;\">公司第四财季总营收同比增长21%至192亿美元,预期190.9亿美元。云基础设施营收同比飙升93%至58亿美元,为整体业绩最主要的驱动力。<strong>本财年自由现金流为-237亿美元。</strong></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9fb0b5ca86d0668359941e766cbcce41\" data-align=\"center\" tg-width=\"640\" tg-height=\"254\"/><span></span></p><p style=\"text-align: justify;\">截至季末,公司待履约收入(RPO)较上季度净增850亿美元,达到创纪录的6380亿美元,同比大幅增长363%,折射出市场对AI云计算服务的巨大需求。</p><p style=\"text-align: justify;\">在前瞻指引方面,甲骨文预计第一财季总营收增速将加速至27%至29%,云业务收入增速将进一步跃升至57%至64%;全年FY2027收入目标维持900亿美元不变,但非GAAP每股盈利指引上调至8.05美元,同比增长约18%。</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/81caf3b7ddf09b2a2e7a2c750646b463\" data-align=\"center\" tg-width=\"907\" tg-height=\"580\"/><span></span></p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>重资本扩张引担忧:FY2027筹资400亿美元,新增200亿美元</strong></h2><p style=\"text-align: justify;\">为支撑AI云基础设施的大规模扩张,甲骨文已进入高强度融资周期。FY2026全年,公司通过债务融资筹集430亿美元,通过股权融资筹集50亿美元,合计480亿美元。</p><p style=\"text-align: justify;\">展望FY2027,公司预计将通过债务与股权组合方式再融资约400亿美元,其中包括此前已宣布的200亿美元<strong>按市价增发(ATM)</strong>股权计划。<strong>公司同时表示,在2026自然年内不再新增债务融资。</strong></p><p style=\"text-align: justify;\">自由现金流的持续为负,反映出当前扩张阶段资本支出的高强度。公司在其数据中心建设中引入了以天然气燃料电池为核心的清洁能源方案,并将高性能网络、先进安全架构和自主化软件作为差异化竞争优势。</p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>营收全线创纪录,云业务主导增长</strong></h2><p style=\"text-align: justify;\">第四财季,甲骨文总营收同比增长21%至192亿美元,其中云业务(IaaS+SaaS)合计营收同比增长47%至99亿美元,首次突破百亿美元关口。</p><p style=\"text-align: justify;\">分业务来看,云基础设施(IaaS)营收同比增长93%至58亿美元,是增速最快的核心引擎;云应用(SaaS)营收同比增长10%至41亿美元。传统软件营收同比下滑2%至68亿美元,反映出客户持续向云端迁移的趋势。服务营收13亿美元,同比增长13%;硬件营收9亿美元,同比增长9%。</p><p style=\"text-align: justify;\">在盈利层面,第四财季非GAAP营业利润同比增长22%至创纪录的86亿美元,非GAAP每股盈利同比增长24%至2.11美元;GAAP每股盈利同比增长21%至1.45美元。</p><p style=\"text-align: justify;\">就全年而言,FY2026总营收同比增长17%至创纪录的674亿美元,云营收同比增长39%至340亿美元。全年经营性现金流同比增长54%至创纪录的320亿美元,反映出较强的现金创造能力。不过,由于持续大规模投入云基础设施建设,全年自由现金流为负237亿美元。</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4bbb69d1140f413a92127b50caf0d08a\" data-align=\"center\" tg-width=\"640\" tg-height=\"337\"/><span></span></p><p style=\"text-align: justify;\">甲骨文在财报中着重阐述了AI在医疗健康领域的战略布局。公司表示,将推出全新AI版本的Cerner医院及诊所患者管理系统,并预计这将推动Oracle Health整体业务在FY2027实现两位数增长。</p><p style=\"text-align: justify;\">公司还提及,AI分子设计模型有望加速新药研发,而其新推出的AI临床试验系统旨在帮助监管机构更快速地审查和批准临床试验结果,从而缩短患者获得新药的等待时间。</p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>AI大单涌入,待履约收入规模创纪录</strong></h2><p style=\"text-align: justify;\">RPO数据是本次财报中最受市场关注的指标之一。截至第四财季末,甲骨文RPO达到6380亿美元,单季净增850亿美元,同比增幅高达363%。</p><p style=\"text-align: justify;\">公司披露,第三、四财季RPO的大幅增长,主要来自大规模AI合同。这些合同的特殊结构在于:客户或预先支付费用由甲骨文采购GPU,或由客户自行购买GPU后提供给甲骨文使用。截至目前,上述预付款及客户自供硬件金额合计已达750亿美元。</p><p style=\"text-align: justify;\">甲骨文表示,这一安排大幅降低了公司自身为建设AI数据中心所需筹集的资本规模。</p><p style=\"text-align: justify;\">值得关注的还有Oracle Multicloud AI Database业务,该业务在第四财季同比增长404%,成为公司有史以来增速最快的业务线。</p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>下季度指引营收增长27%至29%,上调全年盈利指引</strong></h2><p style=\"text-align: justify;\">在前瞻指引方面,<strong>第一财季总营收预计同比增长27%至29%;云业务营收预计同比增长57%至64%</strong>;非GAAP每股盈利预计为1.72至1.76美元,同比增长17%至20%。</p><p style=\"text-align: justify;\"><strong>全年FY2027,公司维持900亿美元总营收目标,并将非GAAP每股盈利指引上调至8.05美元。</strong></p><p style=\"text-align: justify;\">公司注明,剔除FY2026出售Ampere芯片业务及Bloom Energy认股权证所产生的一次性投资收益后,FY2027非GAAP每股盈利增速约为18%。</p><p style=\"text-align: justify;\">甲骨文董事会宣布,派发每股0.50美元的季度现金股息,将于2026年7月24日支付给截至7月10日登记在册的股东。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n数据中心成本担忧加剧,甲骨文资本开支超预期,新财年计划融资翻倍至400亿美元\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time\">2026-06-11 04:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><blockquote><p style=\"text-align: left;\"><span>甲骨文第四财季资本开支159亿美元,本财年全年资本开支557亿美元,公司预期为500亿美元;公司预计新财年资本开支700亿美元。本财年自由现金流为-237亿美元。预计新财年将通过债务和股权融资筹集400亿美元,其中包括此前宣布的200亿美元股票发行计划。</span></p></blockquote><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/04d7c41b16dace8b5931b689af9db7ff\" data-align=\"center\" tg-width=\"644\" tg-height=\"1156\"/><span></span></p><p style=\"text-align: left;\"><a href=\"https://laohu8.com/S/ORCL\">甲骨文</a>(Oracle)公布截至2026年5月底的第四财季及全年业绩,<strong>资本开支超预期与公司新融资计划引发市场担忧。</strong>同时云基础设施业务强劲增长推动多项财务指标创下历史纪录,公司同步上调全年盈利指引。</p><p style=\"text-align: justify;\"><strong>甲骨文第四财季资本开支159亿美元,本财年全年资本开支557亿美元,公司预期为500亿美元;公司预计新财年资本开支700亿美元。</strong></p><p style=\"text-align: justify;\">同时公司表示,<strong>预计将通过债务和股权融资筹集400亿美元,其中包括此前宣布的200亿美元股票发行计划。</strong>此举引发了投资者的担忧,盘后股价一度跌超9%。</p><p style=\"text-align: justify;\">公司第四财季总营收同比增长21%至192亿美元,预期190.9亿美元。云基础设施营收同比飙升93%至58亿美元,为整体业绩最主要的驱动力。<strong>本财年自由现金流为-237亿美元。</strong></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9fb0b5ca86d0668359941e766cbcce41\" data-align=\"center\" tg-width=\"640\" tg-height=\"254\"/><span></span></p><p style=\"text-align: justify;\">截至季末,公司待履约收入(RPO)较上季度净增850亿美元,达到创纪录的6380亿美元,同比大幅增长363%,折射出市场对AI云计算服务的巨大需求。</p><p style=\"text-align: justify;\">在前瞻指引方面,甲骨文预计第一财季总营收增速将加速至27%至29%,云业务收入增速将进一步跃升至57%至64%;全年FY2027收入目标维持900亿美元不变,但非GAAP每股盈利指引上调至8.05美元,同比增长约18%。</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/81caf3b7ddf09b2a2e7a2c750646b463\" data-align=\"center\" tg-width=\"907\" tg-height=\"580\"/><span></span></p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>重资本扩张引担忧:FY2027筹资400亿美元,新增200亿美元</strong></h2><p style=\"text-align: justify;\">为支撑AI云基础设施的大规模扩张,甲骨文已进入高强度融资周期。FY2026全年,公司通过债务融资筹集430亿美元,通过股权融资筹集50亿美元,合计480亿美元。</p><p style=\"text-align: justify;\">展望FY2027,公司预计将通过债务与股权组合方式再融资约400亿美元,其中包括此前已宣布的200亿美元<strong>按市价增发(ATM)</strong>股权计划。<strong>公司同时表示,在2026自然年内不再新增债务融资。</strong></p><p style=\"text-align: justify;\">自由现金流的持续为负,反映出当前扩张阶段资本支出的高强度。公司在其数据中心建设中引入了以天然气燃料电池为核心的清洁能源方案,并将高性能网络、先进安全架构和自主化软件作为差异化竞争优势。</p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>营收全线创纪录,云业务主导增长</strong></h2><p style=\"text-align: justify;\">第四财季,甲骨文总营收同比增长21%至192亿美元,其中云业务(IaaS+SaaS)合计营收同比增长47%至99亿美元,首次突破百亿美元关口。</p><p style=\"text-align: justify;\">分业务来看,云基础设施(IaaS)营收同比增长93%至58亿美元,是增速最快的核心引擎;云应用(SaaS)营收同比增长10%至41亿美元。传统软件营收同比下滑2%至68亿美元,反映出客户持续向云端迁移的趋势。服务营收13亿美元,同比增长13%;硬件营收9亿美元,同比增长9%。</p><p style=\"text-align: justify;\">在盈利层面,第四财季非GAAP营业利润同比增长22%至创纪录的86亿美元,非GAAP每股盈利同比增长24%至2.11美元;GAAP每股盈利同比增长21%至1.45美元。</p><p style=\"text-align: justify;\">就全年而言,FY2026总营收同比增长17%至创纪录的674亿美元,云营收同比增长39%至340亿美元。全年经营性现金流同比增长54%至创纪录的320亿美元,反映出较强的现金创造能力。不过,由于持续大规模投入云基础设施建设,全年自由现金流为负237亿美元。</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4bbb69d1140f413a92127b50caf0d08a\" data-align=\"center\" tg-width=\"640\" tg-height=\"337\"/><span></span></p><p style=\"text-align: justify;\">甲骨文在财报中着重阐述了AI在医疗健康领域的战略布局。公司表示,将推出全新AI版本的Cerner医院及诊所患者管理系统,并预计这将推动Oracle Health整体业务在FY2027实现两位数增长。</p><p style=\"text-align: justify;\">公司还提及,AI分子设计模型有望加速新药研发,而其新推出的AI临床试验系统旨在帮助监管机构更快速地审查和批准临床试验结果,从而缩短患者获得新药的等待时间。</p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>AI大单涌入,待履约收入规模创纪录</strong></h2><p style=\"text-align: justify;\">RPO数据是本次财报中最受市场关注的指标之一。截至第四财季末,甲骨文RPO达到6380亿美元,单季净增850亿美元,同比增幅高达363%。</p><p style=\"text-align: justify;\">公司披露,第三、四财季RPO的大幅增长,主要来自大规模AI合同。这些合同的特殊结构在于:客户或预先支付费用由甲骨文采购GPU,或由客户自行购买GPU后提供给甲骨文使用。截至目前,上述预付款及客户自供硬件金额合计已达750亿美元。</p><p style=\"text-align: justify;\">甲骨文表示,这一安排大幅降低了公司自身为建设AI数据中心所需筹集的资本规模。</p><p style=\"text-align: justify;\">值得关注的还有Oracle Multicloud AI Database业务,该业务在第四财季同比增长404%,成为公司有史以来增速最快的业务线。</p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>下季度指引营收增长27%至29%,上调全年盈利指引</strong></h2><p style=\"text-align: justify;\">在前瞻指引方面,<strong>第一财季总营收预计同比增长27%至29%;云业务营收预计同比增长57%至64%</strong>;非GAAP每股盈利预计为1.72至1.76美元,同比增长17%至20%。</p><p style=\"text-align: justify;\"><strong>全年FY2027,公司维持900亿美元总营收目标,并将非GAAP每股盈利指引上调至8.05美元。</strong></p><p style=\"text-align: justify;\">公司注明,剔除FY2026出售Ampere芯片业务及Bloom Energy认股权证所产生的一次性投资收益后,FY2027非GAAP每股盈利增速约为18%。</p><p style=\"text-align: justify;\">甲骨文董事会宣布,派发每股0.50美元的季度现金股息,将于2026年7月24日支付给截至7月10日登记在册的股东。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/2c35c8a27605936ee42c5dc8842ec36a","relate_stocks":{"ORCL":"甲骨文"},"source_url":"https://wallstreetcn.com/articles/3774364","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2642927479","content_text":"甲骨文第四财季资本开支159亿美元,本财年全年资本开支557亿美元,公司预期为500亿美元;公司预计新财年资本开支700亿美元。本财年自由现金流为-237亿美元。预计新财年将通过债务和股权融资筹集400亿美元,其中包括此前宣布的200亿美元股票发行计划。甲骨文(Oracle)公布截至2026年5月底的第四财季及全年业绩,资本开支超预期与公司新融资计划引发市场担忧。同时云基础设施业务强劲增长推动多项财务指标创下历史纪录,公司同步上调全年盈利指引。甲骨文第四财季资本开支159亿美元,本财年全年资本开支557亿美元,公司预期为500亿美元;公司预计新财年资本开支700亿美元。同时公司表示,预计将通过债务和股权融资筹集400亿美元,其中包括此前宣布的200亿美元股票发行计划。此举引发了投资者的担忧,盘后股价一度跌超9%。公司第四财季总营收同比增长21%至192亿美元,预期190.9亿美元。云基础设施营收同比飙升93%至58亿美元,为整体业绩最主要的驱动力。本财年自由现金流为-237亿美元。截至季末,公司待履约收入(RPO)较上季度净增850亿美元,达到创纪录的6380亿美元,同比大幅增长363%,折射出市场对AI云计算服务的巨大需求。在前瞻指引方面,甲骨文预计第一财季总营收增速将加速至27%至29%,云业务收入增速将进一步跃升至57%至64%;全年FY2027收入目标维持900亿美元不变,但非GAAP每股盈利指引上调至8.05美元,同比增长约18%。重资本扩张引担忧:FY2027筹资400亿美元,新增200亿美元为支撑AI云基础设施的大规模扩张,甲骨文已进入高强度融资周期。FY2026全年,公司通过债务融资筹集430亿美元,通过股权融资筹集50亿美元,合计480亿美元。展望FY2027,公司预计将通过债务与股权组合方式再融资约400亿美元,其中包括此前已宣布的200亿美元按市价增发(ATM)股权计划。公司同时表示,在2026自然年内不再新增债务融资。自由现金流的持续为负,反映出当前扩张阶段资本支出的高强度。公司在其数据中心建设中引入了以天然气燃料电池为核心的清洁能源方案,并将高性能网络、先进安全架构和自主化软件作为差异化竞争优势。营收全线创纪录,云业务主导增长第四财季,甲骨文总营收同比增长21%至192亿美元,其中云业务(IaaS+SaaS)合计营收同比增长47%至99亿美元,首次突破百亿美元关口。分业务来看,云基础设施(IaaS)营收同比增长93%至58亿美元,是增速最快的核心引擎;云应用(SaaS)营收同比增长10%至41亿美元。传统软件营收同比下滑2%至68亿美元,反映出客户持续向云端迁移的趋势。服务营收13亿美元,同比增长13%;硬件营收9亿美元,同比增长9%。在盈利层面,第四财季非GAAP营业利润同比增长22%至创纪录的86亿美元,非GAAP每股盈利同比增长24%至2.11美元;GAAP每股盈利同比增长21%至1.45美元。就全年而言,FY2026总营收同比增长17%至创纪录的674亿美元,云营收同比增长39%至340亿美元。全年经营性现金流同比增长54%至创纪录的320亿美元,反映出较强的现金创造能力。不过,由于持续大规模投入云基础设施建设,全年自由现金流为负237亿美元。甲骨文在财报中着重阐述了AI在医疗健康领域的战略布局。公司表示,将推出全新AI版本的Cerner医院及诊所患者管理系统,并预计这将推动Oracle Health整体业务在FY2027实现两位数增长。公司还提及,AI分子设计模型有望加速新药研发,而其新推出的AI临床试验系统旨在帮助监管机构更快速地审查和批准临床试验结果,从而缩短患者获得新药的等待时间。AI大单涌入,待履约收入规模创纪录RPO数据是本次财报中最受市场关注的指标之一。截至第四财季末,甲骨文RPO达到6380亿美元,单季净增850亿美元,同比增幅高达363%。公司披露,第三、四财季RPO的大幅增长,主要来自大规模AI合同。这些合同的特殊结构在于:客户或预先支付费用由甲骨文采购GPU,或由客户自行购买GPU后提供给甲骨文使用。截至目前,上述预付款及客户自供硬件金额合计已达750亿美元。甲骨文表示,这一安排大幅降低了公司自身为建设AI数据中心所需筹集的资本规模。值得关注的还有Oracle Multicloud AI Database业务,该业务在第四财季同比增长404%,成为公司有史以来增速最快的业务线。下季度指引营收增长27%至29%,上调全年盈利指引在前瞻指引方面,第一财季总营收预计同比增长27%至29%;云业务营收预计同比增长57%至64%;非GAAP每股盈利预计为1.72至1.76美元,同比增长17%至20%。全年FY2027,公司维持900亿美元总营收目标,并将非GAAP每股盈利指引上调至8.05美元。公司注明,剔除FY2026出售Ampere芯片业务及Bloom Energy认股权证所产生的一次性投资收益后,FY2027非GAAP每股盈利增速约为18%。甲骨文董事会宣布,派发每股0.50美元的季度现金股息,将于2026年7月24日支付给截至7月10日登记在册的股东。","news_type":1,"symbols_score_info":{"ORCL":2.1}},"isVote":1,"tweetType":1,"viewCount":1797,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}