千祥云集xyq的个人主页 - 老虎社区

千祥云集xyq

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IP属地：甘肃

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千祥云集xyq

01-30 17:50

🌃🐮

千祥云集xyq

01-30 17:46

强强联合

异动解读 | SanDisk财报超预期，盘后大涨12.86%

千祥云集xyq

01-29 07:45

上到⛰️

千祥云集xyq

01-28 10:35

没有解决方案

千祥云集xyq

01-27

$特斯拉(TSLA)$ [财迷]

千祥云集xyq

01-26

🐱

高盛将首席执行官的年薪从3900万美元提高至4700万

千祥云集xyq

01-26

没能很好的平衡“轻薄”与“全能”之间的关系。

苹果三星超薄旗舰全部大降价：三星S25 Edge暴降2500元

千祥云集xyq

01-26

升产品的多样性和创新性，以满足市场多元需求。

千祥云集xyq

01-23

理想即将面临一场“守擂”硬战。

千祥云集xyq

01-23

风险很大可能

千祥云集xyq

01-23

成功哈哈哈哈就

千祥云集xyq

01-23

美国对这些地区出手的重要目的就是这些地区背后的自然资源。

千祥云集xyq

01-23

周度涨幅榜上，多只黄金相关标的跻身领涨阵营

千祥云集xyq

01-22

静观其变乐见其成

千祥云集xyq

01-22

老虎钳

千祥云集xyq

01-22

不错的变革

千祥云集xyq

01-20

诱多出货

港股异动 | 内房股拉升，绿城中国涨6%，建发国际集团涨近5%，万科、华润置地涨超3%

千祥云集xyq

01-20

币应该是一个不错的多元化投资选择

“木头姐”的2026展望：美股继续“黄金时代”，美元走高压制黄金

千祥云集xyq

01-20

捍卫自身不受任何形式的胁迫”。

欧盟考虑对1080亿美元美国商品加征关税，反制特朗普威胁

千祥云集xyq

01-20

少在训练方面相当不错，所有努力都将集中在这些芯片上面。

重启关键项目！马斯克宣布：AI5芯片设计完成，重启开发超级计算机项目Dojo 3

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class=\"h-time\">2026-01-30 05:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SanDisk Corp（股票代码：SNDK）今日盘后股价大幅上涨12.86%，引起了市场的广泛关注。</p><p>消息面上，SanDisk发布了2026财年第二季度财报，其营收和每股净利润均大幅超过市场预期，同时公司对下一财季的营收指引也表现强劲，这显著提振了投资者信心，成为推动股价在盘后时段飙升的主要原因。</p><p>具体而言，SanDisk第二财季营收达到30.3亿美元，远超分析师预估的26.7亿美元；调整后每股净利润为6.2美元。此外，公司预计第三财季营收将在44亿至48亿美元之间，展现出良好的增长前景。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNDK":"闪迪"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164266745","content_text":"SanDisk 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[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/526322963928392","isVote":1,"tweetType":1,"viewCount":5,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":525806976447224,"gmtCreate":1769397443237,"gmtModify":1769397445149,"author":{"id":"4208673939477970","authorId":"4208673939477970","name":"千祥云集xyq","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4208673939477970","authorIdStr":"4208673939477970"},"themes":[],"title":"","htmlText":"🐱","listText":"🐱","text":"🐱","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/525806976447224","repostId":"2605007084","repostType":2,"repost":{"id":"2605007084","kind":"news","pubTimestamp":1769199480,"share":"https://www.laohu8.com/m/news/2605007084?lang=zh_CN&edition=full","pubTime":"2026-01-24 04:18","market":"sg","language":"zh","title":"高盛将首席执行官的年薪从3900万美元提高至4700万","url":"https://stock-news.laohu8.com/highlight/detail?id=2605007084","media":"环球市场播报","summary":"高盛决定首席执行官大卫·所罗门2025年的总薪酬为4700万美元。\n　　2024年总薪酬为3900万美元。\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：陈钰嘉","content":"<html><body><div>\n<p>　　<span><a href=\"https://laohu8.com/S/GS\">高盛</a></span><span></span>决定首席执行官大卫·所罗门2025年的总薪酬为4700万美元。</p>\n<p>　　2024年总薪酬为3900万美元。</p>\n<div>\n<div><img src=\"\"/></div>\n<div>海量资讯、精准解读，尽在新浪财经APP</div>\n</div>\n<p>责任编辑：陈钰嘉 </p>\n</div></body></html>","source":"sina","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>高盛将首席执行官的年薪从3900万美元提高至4700万</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高盛将首席执行官的年薪从3900万美元提高至4700万\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-24 04:18 北京时间&nbsp;&nbsp;&nbsp;<a href=https://finance.sina.com.cn/stock/usstock/c/2026-01-24/doc-inhiiucn0599661.shtml><strong>环球市场播报</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>高盛决定首席执行官大卫·所罗门2025年的总薪酬为4700万美元。\n　　2024年总薪酬为3900万美元。\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：陈钰嘉</p>\n\n<a href=\"https://finance.sina.com.cn/stock/usstock/c/2026-01-24/doc-inhiiucn0599661.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":{"IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","BK4585":"ETF&股票定投概念","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU2471134523.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) ACC","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","BK4127":"投资银行业与经纪业","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","LU2471134796.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) INC","BK4533":"AQR资本管理(全球第二大对冲基金)","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","BK4516":"特朗普概念","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) 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EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","LU0106831901.USD":"贝莱德世界金融基金A2","LU1868836757.USD":"CT (LUX) I AMERICAN FUND \"2\" (USD) ACC","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H"},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2026-01-24/doc-inhiiucn0599661.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2605007084","content_text":"高盛决定首席执行官大卫·所罗门2025年的总薪酬为4700万美元。\n　　2024年总薪酬为3900万美元。\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：陈钰嘉","news_type":1,"symbols_score_info":{"GS":1.5}},"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":525806618805648,"gmtCreate":1769397430092,"gmtModify":1769397432227,"author":{"id":"4208673939477970","authorId":"4208673939477970","name":"千祥云集xyq","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4208673939477970","authorIdStr":"4208673939477970"},"themes":[],"title":"","htmlText":"没能很好的平衡“轻薄”与“全能”之间的关系。","listText":"没能很好的平衡“轻薄”与“全能”之间的关系。","text":"没能很好的平衡“轻薄”与“全能”之间的关系。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/525806618805648","repostId":"2606258187","repostType":2,"repost":{"id":"2606258187","kind":"news","pubTimestamp":1769248687,"share":"https://www.laohu8.com/m/news/2606258187?lang=zh_CN&edition=full","pubTime":"2026-01-24 17:58","market":"sh","language":"zh","title":"苹果三星超薄旗舰全部大降价：三星S25 Edge暴降2500元","url":"https://stock-news.laohu8.com/highlight/detail?id=2606258187","media":"快科技","summary":"快科技1月24日消息，苹果天猫官方旗舰店上线新年促销活动，旗下iPhone Air直降2000元，256GB标准版售价从7999元骤降至5999元。与此同时，三星Galaxy S25 Edge开启大降价，三星京东自营店直降2500元，叠加国补后的价格是4999元，比首发价便宜了3000元。对比iPhone Air，三星Galaxy S25 Edge多了一颗超广角摄像头，电池容量同样偏小，市场销量也没有达到预期。","content":"<html><body><p>快科技1月24日消息，<a href=\"https://laohu8.com/S/AAPL\">苹果</a>天猫官方旗舰店上线新年促销活动，旗下iPhone Air直降2000元，256GB标准版售价从7999元骤降至5999元。叠加国家补贴后，用户实际支付价格是5499元。</p><p>与此同时，<a href=\"https://laohu8.com/S/SMSN.UK\">三星</a>Galaxy S25 Edge开启大降价，<strong>三星<a href=\"https://laohu8.com/S/JD\">京东</a>自营店直降2500元，叠加国补后的价格是4999元，比首发价便宜了3000元。</strong></p><p><img src=\"https://x0.ifengimg.com/res/2026/4F15D82E050041B9913A95CFDF214CAB57B61148_size110_w600_h400.jpg\"/></p><p>和iPhone Air一样，Galaxy S25 Edge同样是一款超轻薄旗舰，其<strong>厚度只有5.8mm，重量只有163g，配备6.7英寸2K全面屏，支</strong>持120Hz智能刷新率，前置1200万像素，后置2亿主摄和1200万超广角，支持OIS防抖，电池是3900mAh。</p><p>对比iPhone Air，<strong>三星Galaxy S25 Edge多了一颗超广角摄像头，电池容量同样偏小，市场销量也没有达到预期。</strong></p><p>分析师指出，苹果三星超薄旗舰的销量都不算<a href=\"https://laohu8.com/S/LI\">理想</a>，主要问题在于产品定义与市场定位的错位，它们将“超轻薄”这一特性拔高到了顶级旗舰的价位，却没能很好的平衡“轻薄”与“全能”之间的关系。</p><p>为了极致轻薄牺牲了太多用户体验，产品力严重不足，用户会面临当主力机不够用，当备用机太昂贵的尴尬境地，虽然超薄旗舰有着很独特且吸引人的卖点和特色，但无法满足消费者对它的期待。</p><p><img src=\"https://x0.ifengimg.com/res/2026/734355E5F18429900F03F08325C531831A961174_size397_w600_h1320.jpg\"/></p></body></html>","source":"fenghuang_stock","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>苹果三星超薄旗舰全部大降价：三星S25 Edge暴降2500元</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苹果三星超薄旗舰全部大降价：三星S25 Edge暴降2500元\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-24 17:58 北京时间&nbsp;&nbsp;&nbsp;<a href=https://tech.ifeng.com/c/8qBBOyTV1AE><strong>快科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>快科技1月24日消息，苹果天猫官方旗舰店上线新年促销活动，旗下iPhone Air直降2000元，256GB标准版售价从7999元骤降至5999元。叠加国家补贴后，用户实际支付价格是5499元。与此同时，三星Galaxy S25 Edge开启大降价，三星京东自营店直降2500元，叠加国补后的价格是4999元，比首发价便宜了3000元。和iPhone Air一样，Galaxy S25 Edge同样是...</p>\n\n<a href=\"https://tech.ifeng.com/c/8qBBOyTV1AE\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1934455277.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"AD\" (USD) INC","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","HK0000306701.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) INC","LU1934455194.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"A\" (USD) ACC","LU1116320737.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (USD) INC","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","BK4512":"苹果概念","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE 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href=\"https://laohu8.com/S/03900\">绿城中国</a> 涨6%， <a href=\"https://laohu8.com/S/01908\">建发国际集团</a> 涨近5%， <a href=\"https://laohu8.com/S/02202\">万科企业</a> 、<a href=\"https://laohu8.com/S/01109\">华润置地</a> 涨超3%， <a href=\"https://laohu8.com/S/00123\">越秀地产</a> 涨2.9%。管理层近期推出利好房地产的针对性金融措施，例如央行下调再贷款利率25个基点，并将商业房地产最低首付比例从50%降至30%。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dd40df28c813ef7f48718dba886ca797\" title=\"\" tg-width=\"560\" tg-height=\"240\"/></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6d9f23c939a948b667c75e7ea19f913b\" title=\"\" tg-width=\"560\" tg-height=\"240\"/></p><p>申万宏源认为，我国房地产基本面已经历深度调整，考虑到近期中央要求“着力稳定房地产市场”，并今年年初央媒《求是》为房地产重磅发声，其中强调地产金融属性、居民资产负债表及建议政策一次性给足，房地产表态出现积极转变，后续行业政策值得期待。</p><p>平安证券研报指出，2025年楼市降幅收窄，2026年曙光渐行渐近。展望2026年，预计“好房子”凭借品质/得房率等优势仍将成为提振新房销售的重要因素。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7ae0555dd414b3f7de4af00b547725e6","relate_stocks":{"01109":"华润置地","02202":"万科企业","00123":"越秀地产","03900":"绿城中国"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199156695","content_text":"周二，内房股盘中拉升。 绿城中国 涨6%， 建发国际集团 涨近5%， 万科企业 、华润置地 涨超3%， 越秀地产 涨2.9%。管理层近期推出利好房地产的针对性金融措施，例如央行下调再贷款利率25个基点，并将商业房地产最低首付比例从50%降至30%。申万宏源认为，我国房地产基本面已经历深度调整，考虑到近期中央要求“着力稳定房地产市场”，并今年年初央媒《求是》为房地产重磅发声，其中强调地产金融属性、居民资产负债表及建议政策一次性给足，房地产表态出现积极转变，后续行业政策值得期待。平安证券研报指出，2025年楼市降幅收窄，2026年曙光渐行渐近。展望2026年，预计“好房子”凭借品质/得房率等优势仍将成为提振新房销售的重要因素。","news_type":1,"symbols_score_info":{"02202":2,"01109":2,"00123":2,"03900":2}},"isVote":1,"tweetType":1,"viewCount":169,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":523669053625432,"gmtCreate":1768889940943,"gmtModify":1768889944123,"author":{"id":"4208673939477970","authorId":"4208673939477970","name":"千祥云集xyq","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4208673939477970","authorIdStr":"4208673939477970"},"themes":[],"title":"","htmlText":"币应该是一个不错的多元化投资选择","listText":"币应该是一个不错的多元化投资选择","text":"币应该是一个不错的多元化投资选择","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/523669053625432","repostId":"1119794819","repostType":4,"repost":{"id":"1119794819","kind":"news","pubTimestamp":1768884584,"share":"https://www.laohu8.com/m/news/1119794819?lang=zh_CN&edition=full","pubTime":"2026-01-20 12:49","market":"us","language":"zh","title":"“木头姐”的2026展望：美股继续“黄金时代”，美元走高压制黄金","url":"https://stock-news.laohu8.com/highlight/detail?id=1119794819","media":"华尔街见闻","summary":"“里根经济学”升级版。","content":"<html><head></head><body><p>ARK Invest创始人Cathie Wood（“木头姐”）在最新的2026年新年致投资者信中发布宏观展望，将未来三年比作“加强版里根经济学”（Reaganomics on steroids）。她指出，随着放松管制、减税、稳健的货币政策以及创新技术的融合，美国股市将迎来另一个“黄金时代”，而即将到来的美元飙升可能会为金价的上涨势头画上句号。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cf80a690248b0cabf911be7dadbca895\" tg-width=\"594\" tg-height=\"413\"/></p><p style=\"text-align: justify;\">具体来看，Cathie Wood认为，尽管过去三年实际GDP持续增长，但美国底层经济实则经历了一场滚动式衰退，目前正处于“蓄势待发”（coiled spring）的状态，有望在未来几年强劲反弹。她特别强调，随着David Sacks出任首位AI和加密货币沙皇引领放松管制，以及企业有效税率向10%迈进，美国经济增长将获得巨大的政策红利。</p><p style=\"text-align: justify;\">在宏观层面，Wood预测在生产力繁荣的推动下，通胀将进一步受控，甚至可能转负。她预计，未来几年美国名义GDP增长率将维持在6%至8%的区间，主要由生产力提升驱动，而非通胀。</p><p style=\"text-align: justify;\">在市场影响方面，Wood预测美国投资回报率的相对优势将推动美元汇率大幅走高，重演1980年代美元几乎翻倍的行情。她警告称，尽管金价在过去几年大幅上涨，但美元的走强将压制金价，而比特币因其供应机制和低资产相关性，将展现出与黄金不同的走势。</p><p style=\"text-align: justify;\">对于投资者关注的市场估值问题，Wood并不认为AI泡沫已经形成。她指出，虽然目前市盈率处于历史高位，但随着AI、机器人等技术推动生产力爆发，企业盈利增长将消化高估值，市场可能会在市盈率压缩的同时实现正回报，类似于1990年代中后期的牛市路径。</p><p style=\"text-align: justify;\"><strong>以下是致投资者信原文：</strong></p><blockquote><p style=\"text-align: justify;\">祝ARK的投资人和其他支持者新年快乐！我们非常感谢你们的支持。</p><p style=\"text-align: justify;\">正如我在这封信中所阐述的，我们确实相信，投资者有很多理由保持乐观！希望你能享受我们的讨论。从经济史的角度来看，我们正处在一个重要的时刻。</p><h2 id=\"id_2591215507\">蓄势待发的弹簧</h2><p style=\"text-align: justify;\">尽管在过去三年中，美国实际国内生产总值（GDP）持续增长，但美国经济的底层结构却经历了一场滚动式衰退，并逐渐演变成一根被压缩到极致的弹簧，在未来几年中可能会强劲反弹。为应对新冠疫情相关的供应冲击，美联储在截至2023年7月的16个月内，将联邦基金利率从2022年3月的0.25%大幅提高至5.5%，涨幅创纪录地达到了22倍。这一加息行动将住房、制造业、非人工智能相关的资本支出，以及美国的中低收入群体推入了衰退，如下图所示。</p><p style=\"text-align: justify;\">以二手房销售量衡量，住房市场从2021年1月年化590万套的水平下降了40%，至2023年10月的350万套。这一水平上一次出现是在2010年11月，而在过去两年中，二手房销售一直围绕这一水平波动。这表明弹簧被压缩得有多紧：当前的二手房销售水平，已经与上世纪80年代初相当，而当时美国人口比现在少约35%。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ebd9a726287c550ba38dc999363b6d48\" tg-width=\"699\" tg-height=\"543\"/></p><p style=\"text-align: justify;\">以美国采购经理人指数（PMI）衡量，制造业已连续约三年处于收缩状态。根据这一扩散指数，50是扩张与收缩的分界点，如下图所示。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e0406d22a921144f8e21a4772af0b384\" tg-width=\"705\" tg-height=\"515\"/></p><p style=\"text-align: justify;\">与此同时，以非国防资本品（不包括飞机）衡量的资本支出在2022年中期达到峰值，此后无论是否受到技术影响，该支出水平都已回升至该水平。事实上，自科技和电信泡沫破裂以来，这一资本支出指标已挣扎了20多年才得以突破，直到2021年，新冠疫情相关的供应冲击迫使数字和实体投资双双加速增长。曾经的支出上限似乎已转变为支出下限，因为人工智能、机器人、储能、区块链技术和多组学测序平台已准备就绪，即将迎来黄金时代。继上世纪90年代的科技和电信泡沫之后，约700亿美元的支出峰值持续了20年，如今，正如以下图示所示，这可能是历史上最强劲的资本支出周期。我们认为，人工智能泡沫的出现还遥遥无期！</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/36af9049d5d92513976b8ec2bb22a1d8\" tg-width=\"746\" tg-height=\"538\"/></p><p style=\"text-align: justify;\">与此同时，密歇根大学的数据显示，中低收入人群的信心已跌至上世纪八十年代初以来的最低点。当时，两位数的通货膨胀和高利率严重削弱了购买力，并将美国经济推入连续衰退。此外，如下图所示，近几个月来，高收入人群的信心也出现了下滑。在我们看来，消费者信心是目前被压缩得最紧、最具反弹潜力的“弹簧”之一。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5a0099845912dff0a99fb95f934dfb68\" tg-width=\"726\" tg-height=\"532\"/></p><h2 id=\"id_1750141484\">放松监管，同时降低税收、通胀和利率</h2><p style=\"text-align: justify;\">得益于放松监管、降低税收（包括关税）、通胀和利率等多重因素的叠加，美国过去几年所经历的滚动式衰退，可能在未来一年及以后迅速而剧烈地逆转。</p><p style=\"text-align: justify;\">放松监管正在各个领域释放创新活力，其中在人工智能和数字资产领域，由首位“人工智能和加密货币沙皇”大卫·萨克斯（David Sacks）领衔。与此同时，小费、加班费和社会保障税的降低，将在本季度为美国消费者带来可观的退税，这可能会推动实际可支配收入的年化增速从2025年下半年的约2%，跃升至本季度的约8.3%。此外，随着制造设施、设备、软件以及国内研发支出享受加速折旧，企业的有效税率将被压低至接近10%（如下图所示），企业退税规模预计将大幅上升，而10%是全球最低的税率之一。</p><p style=\"text-align: justify;\">例如，任何在2028年底之前在美国开工建设制造工厂的企业，都可以在建筑投入使用的第一年实现全额折旧，而不再像过去那样分30到40年折旧。设备、软件以及国内研发支出同样可以在第一年实现100%折旧。这一现金流优惠政策已在去年的预算案中被永久确立，并追溯适用于2025年1月1日。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cf711ef4222803d766556b4120ef7761\" tg-width=\"704\" tg-height=\"471\"/></p><p style=\"text-align: justify;\">在过去几年里，以消费者价格指数（CPI）衡量的通胀一直顽固地徘徊在2%至3%的区间内，但在未来几年，出于下图所示的若干原因，通胀率很可能会下降到一个出人意料的低水平——甚至可能为负。首先，西德克萨斯中质原油（WTI）价格自2022年3月8日新冠疫情后的高点约124美元/桶以来，已下跌约53%，目前同比下降约22%。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8202db879da1b8f4ec195bffad31af01\" tg-width=\"700\" tg-height=\"508\"/></p><p style=\"text-align: justify;\">自2022年10月达到峰值以来，新建独栋住宅的销售价格已下降约15%；与此同时，现有独栋住宅的价格通胀率——基于三个月移动平均——已从2021年6月新冠疫情后峰值时同比约24%，下降至约1.3%，如下图所示。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c4b031d31d39398c1ab3cd26b746a8b3\" tg-width=\"732\" tg-height=\"542\"/></p><p style=\"text-align: justify;\">第四季度，为了消化接近50万套的新建独栋住宅库存（如下图所示，这是自2007年10月全球金融危机爆发前夕以来的最高水平），三大住宅建筑商大幅下调了房价，同比降幅分别为：莱纳（Lennar）-10%，KBHomes-7%，以及DRHorton-3%。这些价格下跌的影响将在未来几年内滞后反映在消费者物价指数（CPI）中。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aef068036a7fc7a865a161d962974557\" tg-width=\"701\" tg-height=\"535\"/></p><p style=\"text-align: justify;\">最后，作为抑制通胀的最有力力量之一的非农生产率，在持续衰退的背景下逆势增长，第三季度同比增长1.9%。与每工时薪酬3.2%的增长形成鲜明对比的是，生产率的提高已将单位劳动力成本通胀率降低至1.2%，如下所示。这个数字中没有出现上世纪七十年代那种成本推动型通胀！</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f69e0f3380656cbffdf0ec972d2c4240\" tg-width=\"733\" tg-height=\"533\"/></p><p style=\"text-align: justify;\">这一改善也得到了验证：根据 Truflation衡量的通胀率，最近已同比下降至1.7%，如下图所示，比美国劳工统计局（BLS）基于CPI计算的通胀率低近100个基点（bps）。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6f893d8ff8e07ad0fda1b67d45df6409\" tg-width=\"710\" tg-height=\"531\"/></p><h2 id=\"id_1987407112\">生产力繁荣</h2><p style=\"text-align: justify;\">事实上，如果我们对技术驱动型颠覆性创新的研究是正确的，那么在未来几年，受周期性和长期性因素的影响，非农生产率增速应会加快至每年4-6%，从而进一步降低单位劳动力成本的通胀。当前正在发展的主要创新平台——人工智能、机器人、储能、公共区块链技术和多组学技术——之间的融合，不仅有望推动生产率增长达到可持续的新高，而且有望创造巨大的财富。</p><p style=\"text-align: justify;\">生产率的提升还可能纠正全球经济中显著的地缘经济失衡。企业可以将生产率提升带来的收益引导至以下四个战略方向中的一个或多个：扩大利润率、增加研发及其他投资、提高薪酬和/或降低价格。在中国，提高更高生产率员工的薪酬和/或提高利润率，有助于经济摆脱过度投资的结构性问题。自2001年加入世界贸易组织（WTO）以来，中国的投资占GDP的比例平均约为40%，几乎是美国的两倍，如下图所示。提高薪酬将推动中国经济向消费导向转型，摆脱商品化路径。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/40b2f05a2ea781f99cf05b071961c584\" tg-width=\"690\" tg-height=\"549\"/></p><p style=\"text-align: justify;\">不过，在短期内，技术驱动的生产率提升可能会继续放缓美国的就业增长，导致失业率从4.4%上升至5.0%以上，并促使美联储继续降息。随后，放松监管和其他财政刺激措施应会放大低利率的影响，并在2026年下半年加速GDP增长。与此同时，通胀可能会继续放缓，这不仅源于油价、房价和关税的下降，也得益于推动生产率上升、单位劳动力成本下降的技术进步。</p><p style=\"text-align: justify;\">令人惊讶的是，人工智能训练成本每年下降75%，而人工智能推理成本（即运行人工智能应用模型的成本）每年下降幅度高达99%（根据一些基准数据）。各种技术成本前所未有的下降应该会推动其单位增长的激增。因此，我们预计未来几年美国名义GDP增长率将维持在6%至8%的区间，这主要得益于生产率5%至7%的增长、劳动力1%的增长以及-2%至+1%的通货膨胀率。</p><p style=\"text-align: justify;\">人工智能及其他四大创新平台所带来的通缩效应将不断累积，并塑造出一种经济环境，类似于截至1929年的50年间，由内燃机、电力和电话引发的上一次重大技术革命时期。在那一时期，短期利率与名义GDP增速同步，而长期利率则对技术繁荣所伴随的通缩暗流作出反应，使收益率曲线平均倒挂约100个基点，如下图所示。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/85e5e4e7f958218e4b85d2d0519837ab\" tg-width=\"694\" tg-height=\"487\"/></p><h2 id=\"id_2327380264\">其他新年思考</h2><p style=\"text-align: justify;\"><strong>黄金价格上涨与比特币价格下跌</strong></p><p style=\"text-align: justify;\">2025年期间，黄金价格上涨了65%，而比特币价格下跌了6%。许多观察人士将自2022年10月美国股市熊市结束以来，黄金价格从每盎司1600美元飙升至4300美元，涨幅高达166%，归因于通胀风险。然而，另一种解释是，全球财富增长（以MSCI全球股票指数93%的涨幅为例证）超过了全球黄金供应量约1.8%的年化增长率。换句话说，黄金需求的增量可能超过了其供应增长。有趣的是，同期比特币价格上涨了360%，而其供应量年化增长率仅为约1.3%。值得注意的是，黄金和比特币矿工对这些价格信号的反应可能截然不同：黄金矿工会通过增加黄金产量来应对，而比特币则无法做到这一点。根据数学计算，比特币在未来两年内每年将增长约0.82%，之后其增长速度将放缓至每年约0.41%。</p><p style=\"text-align: justify;\"><strong>从长远视角看黄金价格</strong></p><p style=\"text-align: justify;\">以市值与M2货币供应量之比衡量，黄金价格在过去125年中仅有一次高于此水平，即20世纪30年代初的大萧条时期。当时金价被固定在每盎司20.67美元，而M2货币供应量暴跌约30%（如下图所示）。近期，黄金与M2的比率已超过此前的峰值，该峰值出现在1980年，当时通货膨胀率和利率飙升至两位数。换言之，从历史角度来看，黄金价格已达到极高水平。</p><p style=\"text-align: justify;\">从下图还可以看出，该比率的长期下降与股票市场的稳健回报密切相关。据Ibbotson和Sinquefield的研究，自1926年以来，股票的复合年化收益率约为10%。在该比率分别于1934年和1980年达到两个主要长期峰值之后，以道琼斯工业平均指数(DJIA)衡量的股票价格在截至1969年和2001年的35年和21年间分别实现了670%和1015%的回报率，即年化收益率分别为6%和12%。值得注意的是，小盘股的年化收益率分别为12%和13%。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eb415c97e86c45e78a8a1233656433ef\" tg-width=\"707\" tg-height=\"536\"/></p><p style=\"text-align: justify;\">对于资产配置者而言，另一个重要的考量因素是比特币收益相对于黄金收益以及自2020年以来与其他主要资产类别收益的相关性较低，如下表所示。值得注意的是，比特币与黄金的相关性甚至低于标普500指数与债券的相关性。换言之，对于寻求在未来几年内获得更高风险回报的资产配置者来说，比特币应该是一个不错的多元化投资选择。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d8c993b1d930a7b6bae451bd70fbce0e\" tg-width=\"706\" tg-height=\"510\"/></p><p style=\"text-align: justify;\"><strong>美元前景</strong></p><p style=\"text-align: justify;\">过去几年，一种流行的说法是美国例外论的终结，美元上半年跌幅创下1973年以来最大，全年跌幅创2017年以来最大。去年，以贸易加权美元指数（DXY）衡量，美元上半年下跌11%，全年下跌9%。如果我们对财政政策、货币政策、放松管制以及美国主导的技术突破的预测正确，那么美国的投资回报率将相对于世界其他地区有所提高，从而推高美元汇率。特朗普政府的政策与上世纪80年代初里根经济学时期的情况如出一辙，当时美元汇率几乎翻了一番，如下图所示。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eb415c97e86c45e78a8a1233656433ef\" tg-width=\"707\" tg-height=\"536\"/></p><p style=\"text-align: justify;\"><strong>人工智能炒作</strong></p><p style=\"text-align: justify;\">如下所示，人工智能的蓬勃发展正推动资本支出达到自上世纪九十年代末以来的最高水平。2025年，数据中心系统（包括计算、网络和存储设备）的投资增长了47%，达到近5000亿美元，预计2026年还将增长20%，达到约6000亿美元，远高于ChatGPT推出前十年每年1500亿至2000亿美元的长期趋势。如此巨大的投资规模不禁让人发问：“这项投资的回报是什么？又将在哪里体现？”</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/97986bdf330ab08324c5ac7d2d0d8968\" tg-width=\"706\" tg-height=\"531\"/></p><p style=\"text-align: justify;\">除了半导体和上市的大型云公司之外，尚未上市的AI原生企业也受益于增长和投资回报。AI公司是历史上增长最快的企业之一。我们的研究表明，消费者接受AI的速度是上世纪90年代接受互联网速度的两倍，如下所示。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/246d6a7a6a73e085e92dcaadf094cbbf\" tg-width=\"707\" tg-height=\"532\"/></p><p style=\"text-align: justify;\">据报道，到2025年底，OpenAI和Anthropic的年化营收将分别达到200亿美元和90亿美元，较上年同期的16亿美元和1亿美元分别增长了12.5倍和90倍！有传言称，两家公司都在考虑在未来一两年内进行首次公开募股（IPO），以筹集资金用于支持其产品模型所需的大规模投资。</p><p style=\"text-align: justify;\">正如OpenAI应用部门首席执行官FidjiSimo所说：“人工智能模型的能力远超大多数人日常体验到的水平，而2026年正是弥合这一差距的一年。人工智能领域的领导者将是那些能够将前沿研究转化为对个人、企业和开发者都切实有用的产品的公司。”今年，随着用户体验更加人性化、直观和集成化，我们有望在这一领域取得实质性进展。ChatGPTHealth就是一个早期案例，它是ChatGPT平台内的一个专区，致力于根据用户的个人健康数据，帮助他们提升健康水平。</p><p style=\"text-align: justify;\">在企业中，许多人工智能应用仍处于早期阶段，受制于官僚主义、惯性思维，以及/或重组和构建数据基础设施等前提条件，导致进展缓慢。到2026年，各组织可能会意识到，他们需要利用自身数据训练模型并快速迭代，否则就有可能被更具进取心的竞争对手甩在身后。人工智能驱动的应用案例应该能够提供即时且卓越的客户服务、更快的产品发布速度，并帮助初创公司以更少的资源创造更多价值。</p><p style=\"text-align: justify;\"><strong>市场估值过高</strong></p><p style=\"text-align: justify;\">许多投资者担忧股市估值过高，目前已处于历史高位，如下图所示。我们自身的估值假设是，市盈率（P/E）将回落至过去35年平均水平的20倍左右。一些最显著的牛市都伴随着市盈率的压缩而出现。例如，从1993年10月中旬到1997年11月中旬，标普500指数的年化收益率为21%，其市盈率从36倍降至10倍。同样，从2002年7月到2007年10月，标普500指数的年化收益率为14%，其市盈率从21倍降至17倍。鉴于我们对实际GDP增长将由生产率提升驱动、通胀放缓的预期，同样的动态在本轮市场周期中也应会重现，甚至可能更加显著。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8f23f5a5cdcc3b7b66d0b1a15a0eac1f\" tg-width=\"709\" tg-height=\"545\"/></p><p style=\"text-align: justify;\">一如既往，非常感谢ARK的投资者和其他支持者，还要感谢Dan、Will、Katie和Keith帮助我撰写了这篇篇幅很长的新年贺词！</p><p style=\"text-align: justify;\">凯茜</p></blockquote></body></html>","source":"lsy1762389672944","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”的2026展望：美股继续“黄金时代”，美元走高压制黄金</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“木头姐”的2026展望：美股继续“黄金时代”，美元走高压制黄金\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-20 12:49 北京时间&nbsp;&nbsp;&nbsp;<a href=https://wallstreetcn.com/articles/3763659><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ARK Invest创始人Cathie Wood（“木头姐”）在最新的2026年新年致投资者信中发布宏观展望，将未来三年比作“加强版里根经济学”（Reaganomics on steroids）。她指出，随着放松管制、减税、稳健的货币政策以及创新技术的融合，美国股市将迎来另一个“黄金时代”，而即将到来的美元飙升可能会为金价的上涨势头画上句号。具体来看，Cathie Wood认为，尽管过去三年实际...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3763659\">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/0fb0479ff67cd3a760cdce353bcb60ed","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://wallstreetcn.com/articles/3763659","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119794819","content_text":"ARK Invest创始人Cathie Wood（“木头姐”）在最新的2026年新年致投资者信中发布宏观展望，将未来三年比作“加强版里根经济学”（Reaganomics on steroids）。她指出，随着放松管制、减税、稳健的货币政策以及创新技术的融合，美国股市将迎来另一个“黄金时代”，而即将到来的美元飙升可能会为金价的上涨势头画上句号。具体来看，Cathie Wood认为，尽管过去三年实际GDP持续增长，但美国底层经济实则经历了一场滚动式衰退，目前正处于“蓄势待发”（coiled spring）的状态，有望在未来几年强劲反弹。她特别强调，随着David Sacks出任首位AI和加密货币沙皇引领放松管制，以及企业有效税率向10%迈进，美国经济增长将获得巨大的政策红利。在宏观层面，Wood预测在生产力繁荣的推动下，通胀将进一步受控，甚至可能转负。她预计，未来几年美国名义GDP增长率将维持在6%至8%的区间，主要由生产力提升驱动，而非通胀。在市场影响方面，Wood预测美国投资回报率的相对优势将推动美元汇率大幅走高，重演1980年代美元几乎翻倍的行情。她警告称，尽管金价在过去几年大幅上涨，但美元的走强将压制金价，而比特币因其供应机制和低资产相关性，将展现出与黄金不同的走势。对于投资者关注的市场估值问题，Wood并不认为AI泡沫已经形成。她指出，虽然目前市盈率处于历史高位，但随着AI、机器人等技术推动生产力爆发，企业盈利增长将消化高估值，市场可能会在市盈率压缩的同时实现正回报，类似于1990年代中后期的牛市路径。以下是致投资者信原文：祝ARK的投资人和其他支持者新年快乐！我们非常感谢你们的支持。正如我在这封信中所阐述的，我们确实相信，投资者有很多理由保持乐观！希望你能享受我们的讨论。从经济史的角度来看，我们正处在一个重要的时刻。蓄势待发的弹簧尽管在过去三年中，美国实际国内生产总值（GDP）持续增长，但美国经济的底层结构却经历了一场滚动式衰退，并逐渐演变成一根被压缩到极致的弹簧，在未来几年中可能会强劲反弹。为应对新冠疫情相关的供应冲击，美联储在截至2023年7月的16个月内，将联邦基金利率从2022年3月的0.25%大幅提高至5.5%，涨幅创纪录地达到了22倍。这一加息行动将住房、制造业、非人工智能相关的资本支出，以及美国的中低收入群体推入了衰退，如下图所示。以二手房销售量衡量，住房市场从2021年1月年化590万套的水平下降了40%，至2023年10月的350万套。这一水平上一次出现是在2010年11月，而在过去两年中，二手房销售一直围绕这一水平波动。这表明弹簧被压缩得有多紧：当前的二手房销售水平，已经与上世纪80年代初相当，而当时美国人口比现在少约35%。以美国采购经理人指数（PMI）衡量，制造业已连续约三年处于收缩状态。根据这一扩散指数，50是扩张与收缩的分界点，如下图所示。与此同时，以非国防资本品（不包括飞机）衡量的资本支出在2022年中期达到峰值，此后无论是否受到技术影响，该支出水平都已回升至该水平。事实上，自科技和电信泡沫破裂以来，这一资本支出指标已挣扎了20多年才得以突破，直到2021年，新冠疫情相关的供应冲击迫使数字和实体投资双双加速增长。曾经的支出上限似乎已转变为支出下限，因为人工智能、机器人、储能、区块链技术和多组学测序平台已准备就绪，即将迎来黄金时代。继上世纪90年代的科技和电信泡沫之后，约700亿美元的支出峰值持续了20年，如今，正如以下图示所示，这可能是历史上最强劲的资本支出周期。我们认为，人工智能泡沫的出现还遥遥无期！与此同时，密歇根大学的数据显示，中低收入人群的信心已跌至上世纪八十年代初以来的最低点。当时，两位数的通货膨胀和高利率严重削弱了购买力，并将美国经济推入连续衰退。此外，如下图所示，近几个月来，高收入人群的信心也出现了下滑。在我们看来，消费者信心是目前被压缩得最紧、最具反弹潜力的“弹簧”之一。放松监管，同时降低税收、通胀和利率得益于放松监管、降低税收（包括关税）、通胀和利率等多重因素的叠加，美国过去几年所经历的滚动式衰退，可能在未来一年及以后迅速而剧烈地逆转。放松监管正在各个领域释放创新活力，其中在人工智能和数字资产领域，由首位“人工智能和加密货币沙皇”大卫·萨克斯（David Sacks）领衔。与此同时，小费、加班费和社会保障税的降低，将在本季度为美国消费者带来可观的退税，这可能会推动实际可支配收入的年化增速从2025年下半年的约2%，跃升至本季度的约8.3%。此外，随着制造设施、设备、软件以及国内研发支出享受加速折旧，企业的有效税率将被压低至接近10%（如下图所示），企业退税规模预计将大幅上升，而10%是全球最低的税率之一。例如，任何在2028年底之前在美国开工建设制造工厂的企业，都可以在建筑投入使用的第一年实现全额折旧，而不再像过去那样分30到40年折旧。设备、软件以及国内研发支出同样可以在第一年实现100%折旧。这一现金流优惠政策已在去年的预算案中被永久确立，并追溯适用于2025年1月1日。在过去几年里，以消费者价格指数（CPI）衡量的通胀一直顽固地徘徊在2%至3%的区间内，但在未来几年，出于下图所示的若干原因，通胀率很可能会下降到一个出人意料的低水平——甚至可能为负。首先，西德克萨斯中质原油（WTI）价格自2022年3月8日新冠疫情后的高点约124美元/桶以来，已下跌约53%，目前同比下降约22%。自2022年10月达到峰值以来，新建独栋住宅的销售价格已下降约15%；与此同时，现有独栋住宅的价格通胀率——基于三个月移动平均——已从2021年6月新冠疫情后峰值时同比约24%，下降至约1.3%，如下图所示。第四季度，为了消化接近50万套的新建独栋住宅库存（如下图所示，这是自2007年10月全球金融危机爆发前夕以来的最高水平），三大住宅建筑商大幅下调了房价，同比降幅分别为：莱纳（Lennar）-10%，KBHomes-7%，以及DRHorton-3%。这些价格下跌的影响将在未来几年内滞后反映在消费者物价指数（CPI）中。最后，作为抑制通胀的最有力力量之一的非农生产率，在持续衰退的背景下逆势增长，第三季度同比增长1.9%。与每工时薪酬3.2%的增长形成鲜明对比的是，生产率的提高已将单位劳动力成本通胀率降低至1.2%，如下所示。这个数字中没有出现上世纪七十年代那种成本推动型通胀！这一改善也得到了验证：根据 Truflation衡量的通胀率，最近已同比下降至1.7%，如下图所示，比美国劳工统计局（BLS）基于CPI计算的通胀率低近100个基点（bps）。生产力繁荣事实上，如果我们对技术驱动型颠覆性创新的研究是正确的，那么在未来几年，受周期性和长期性因素的影响，非农生产率增速应会加快至每年4-6%，从而进一步降低单位劳动力成本的通胀。当前正在发展的主要创新平台——人工智能、机器人、储能、公共区块链技术和多组学技术——之间的融合，不仅有望推动生产率增长达到可持续的新高，而且有望创造巨大的财富。生产率的提升还可能纠正全球经济中显著的地缘经济失衡。企业可以将生产率提升带来的收益引导至以下四个战略方向中的一个或多个：扩大利润率、增加研发及其他投资、提高薪酬和/或降低价格。在中国，提高更高生产率员工的薪酬和/或提高利润率，有助于经济摆脱过度投资的结构性问题。自2001年加入世界贸易组织（WTO）以来，中国的投资占GDP的比例平均约为40%，几乎是美国的两倍，如下图所示。提高薪酬将推动中国经济向消费导向转型，摆脱商品化路径。不过，在短期内，技术驱动的生产率提升可能会继续放缓美国的就业增长，导致失业率从4.4%上升至5.0%以上，并促使美联储继续降息。随后，放松监管和其他财政刺激措施应会放大低利率的影响，并在2026年下半年加速GDP增长。与此同时，通胀可能会继续放缓，这不仅源于油价、房价和关税的下降，也得益于推动生产率上升、单位劳动力成本下降的技术进步。令人惊讶的是，人工智能训练成本每年下降75%，而人工智能推理成本（即运行人工智能应用模型的成本）每年下降幅度高达99%（根据一些基准数据）。各种技术成本前所未有的下降应该会推动其单位增长的激增。因此，我们预计未来几年美国名义GDP增长率将维持在6%至8%的区间，这主要得益于生产率5%至7%的增长、劳动力1%的增长以及-2%至+1%的通货膨胀率。人工智能及其他四大创新平台所带来的通缩效应将不断累积，并塑造出一种经济环境，类似于截至1929年的50年间，由内燃机、电力和电话引发的上一次重大技术革命时期。在那一时期，短期利率与名义GDP增速同步，而长期利率则对技术繁荣所伴随的通缩暗流作出反应，使收益率曲线平均倒挂约100个基点，如下图所示。其他新年思考黄金价格上涨与比特币价格下跌2025年期间，黄金价格上涨了65%，而比特币价格下跌了6%。许多观察人士将自2022年10月美国股市熊市结束以来，黄金价格从每盎司1600美元飙升至4300美元，涨幅高达166%，归因于通胀风险。然而，另一种解释是，全球财富增长（以MSCI全球股票指数93%的涨幅为例证）超过了全球黄金供应量约1.8%的年化增长率。换句话说，黄金需求的增量可能超过了其供应增长。有趣的是，同期比特币价格上涨了360%，而其供应量年化增长率仅为约1.3%。值得注意的是，黄金和比特币矿工对这些价格信号的反应可能截然不同：黄金矿工会通过增加黄金产量来应对，而比特币则无法做到这一点。根据数学计算，比特币在未来两年内每年将增长约0.82%，之后其增长速度将放缓至每年约0.41%。从长远视角看黄金价格以市值与M2货币供应量之比衡量，黄金价格在过去125年中仅有一次高于此水平，即20世纪30年代初的大萧条时期。当时金价被固定在每盎司20.67美元，而M2货币供应量暴跌约30%（如下图所示）。近期，黄金与M2的比率已超过此前的峰值，该峰值出现在1980年，当时通货膨胀率和利率飙升至两位数。换言之，从历史角度来看，黄金价格已达到极高水平。从下图还可以看出，该比率的长期下降与股票市场的稳健回报密切相关。据Ibbotson和Sinquefield的研究，自1926年以来，股票的复合年化收益率约为10%。在该比率分别于1934年和1980年达到两个主要长期峰值之后，以道琼斯工业平均指数(DJIA)衡量的股票价格在截至1969年和2001年的35年和21年间分别实现了670%和1015%的回报率，即年化收益率分别为6%和12%。值得注意的是，小盘股的年化收益率分别为12%和13%。对于资产配置者而言，另一个重要的考量因素是比特币收益相对于黄金收益以及自2020年以来与其他主要资产类别收益的相关性较低，如下表所示。值得注意的是，比特币与黄金的相关性甚至低于标普500指数与债券的相关性。换言之，对于寻求在未来几年内获得更高风险回报的资产配置者来说，比特币应该是一个不错的多元化投资选择。美元前景过去几年，一种流行的说法是美国例外论的终结，美元上半年跌幅创下1973年以来最大，全年跌幅创2017年以来最大。去年，以贸易加权美元指数（DXY）衡量，美元上半年下跌11%，全年下跌9%。如果我们对财政政策、货币政策、放松管制以及美国主导的技术突破的预测正确，那么美国的投资回报率将相对于世界其他地区有所提高，从而推高美元汇率。特朗普政府的政策与上世纪80年代初里根经济学时期的情况如出一辙，当时美元汇率几乎翻了一番，如下图所示。人工智能炒作如下所示，人工智能的蓬勃发展正推动资本支出达到自上世纪九十年代末以来的最高水平。2025年，数据中心系统（包括计算、网络和存储设备）的投资增长了47%，达到近5000亿美元，预计2026年还将增长20%，达到约6000亿美元，远高于ChatGPT推出前十年每年1500亿至2000亿美元的长期趋势。如此巨大的投资规模不禁让人发问：“这项投资的回报是什么？又将在哪里体现？”除了半导体和上市的大型云公司之外，尚未上市的AI原生企业也受益于增长和投资回报。AI公司是历史上增长最快的企业之一。我们的研究表明，消费者接受AI的速度是上世纪90年代接受互联网速度的两倍，如下所示。据报道，到2025年底，OpenAI和Anthropic的年化营收将分别达到200亿美元和90亿美元，较上年同期的16亿美元和1亿美元分别增长了12.5倍和90倍！有传言称，两家公司都在考虑在未来一两年内进行首次公开募股（IPO），以筹集资金用于支持其产品模型所需的大规模投资。正如OpenAI应用部门首席执行官FidjiSimo所说：“人工智能模型的能力远超大多数人日常体验到的水平，而2026年正是弥合这一差距的一年。人工智能领域的领导者将是那些能够将前沿研究转化为对个人、企业和开发者都切实有用的产品的公司。”今年，随着用户体验更加人性化、直观和集成化，我们有望在这一领域取得实质性进展。ChatGPTHealth就是一个早期案例，它是ChatGPT平台内的一个专区，致力于根据用户的个人健康数据，帮助他们提升健康水平。在企业中，许多人工智能应用仍处于早期阶段，受制于官僚主义、惯性思维，以及/或重组和构建数据基础设施等前提条件，导致进展缓慢。到2026年，各组织可能会意识到，他们需要利用自身数据训练模型并快速迭代，否则就有可能被更具进取心的竞争对手甩在身后。人工智能驱动的应用案例应该能够提供即时且卓越的客户服务、更快的产品发布速度，并帮助初创公司以更少的资源创造更多价值。市场估值过高许多投资者担忧股市估值过高，目前已处于历史高位，如下图所示。我们自身的估值假设是，市盈率（P/E）将回落至过去35年平均水平的20倍左右。一些最显著的牛市都伴随着市盈率的压缩而出现。例如，从1993年10月中旬到1997年11月中旬，标普500指数的年化收益率为21%，其市盈率从36倍降至10倍。同样，从2002年7月到2007年10月，标普500指数的年化收益率为14%，其市盈率从21倍降至17倍。鉴于我们对实际GDP增长将由生产率提升驱动、通胀放缓的预期，同样的动态在本轮市场周期中也应会重现，甚至可能更加显著。一如既往，非常感谢ARK的投资者和其他支持者，还要感谢Dan、Will、Katie和Keith帮助我撰写了这篇篇幅很长的新年贺词！凯茜","news_type":1,"symbols_score_info":{".SPX":2,".DJI":2,".IXIC":2}},"isVote":1,"tweetType":1,"viewCount":111,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":523572250534504,"gmtCreate":1768866392588,"gmtModify":1768866394798,"author":{"id":"4208673939477970","authorId":"4208673939477970","name":"千祥云集xyq","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4208673939477970","authorIdStr":"4208673939477970"},"themes":[],"title":"","htmlText":"捍卫自身不受任何形式的胁迫”。","listText":"捍卫自身不受任何形式的胁迫”。","text":"捍卫自身不受任何形式的胁迫”。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/523572250534504","repostId":"1106617718","repostType":4,"repost":{"id":"1106617718","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":1768802886,"share":"https://www.laohu8.com/m/news/1106617718?lang=zh_CN&edition=full","pubTime":"2026-01-19 14:08","market":"us","language":"zh","title":"欧盟考虑对1080亿美元美国商品加征关税，反制特朗普威胁","url":"https://stock-news.laohu8.com/highlight/detail?id=1106617718","media":"老虎资讯综合","summary":"1月19日，欧盟正在商讨如果美国总统特朗普兑现2月1日起对欧洲八国加征10%关税的威胁，欧方可能对价值930亿欧元（1080亿美元）的美国商品加征关税。据知情人士透露，欧盟也在考虑除关税以外的其他反制措施，但会首先尝试通过外交途径解决问题。欧盟27个成员国的代表周日举行会议，开始着手制定应对方案。欧盟领导人将于本周晚些时候在布鲁塞尔举行紧急会议，探讨可能采取的反制措施。欧洲理事会主席科斯塔周日在社交媒体发文称，欧盟各国团结一致支持丹麦和格陵兰岛，并准备“捍卫自身不受任何形式的胁迫”。","content":"<html><head></head><body><p>1月19日，欧盟正在商讨如果美国总统特朗普兑现2月1日起对欧洲八国加征10%关税的威胁，欧方可能对价值930亿欧元（1080亿美元）的美国商品加征关税。据知情人士透露，欧盟也在考虑除关税以外的其他反制措施，但会首先尝试通过外交途径解决问题。欧盟27个成员国的代表周日举行会议，开始着手制定应对方案。欧盟领导人将于本周晚些时候在布鲁塞尔举行紧急会议，探讨可能采取的反制措施。欧洲理事会主席科斯塔周日在社交媒体发文称，欧盟各国团结一致支持丹麦和格陵兰岛，并准备“捍卫自身不受任何形式的胁迫”。</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 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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欧盟考虑对1080亿美元美国商品加征关税，反制特朗普威胁\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\">2026-01-19 14:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>1月19日，欧盟正在商讨如果美国总统特朗普兑现2月1日起对欧洲八国加征10%关税的威胁，欧方可能对价值930亿欧元（1080亿美元）的美国商品加征关税。据知情人士透露，欧盟也在考虑除关税以外的其他反制措施，但会首先尝试通过外交途径解决问题。欧盟27个成员国的代表周日举行会议，开始着手制定应对方案。欧盟领导人将于本周晚些时候在布鲁塞尔举行紧急会议，探讨可能采取的反制措施。欧洲理事会主席科斯塔周日在社交媒体发文称，欧盟各国团结一致支持丹麦和格陵兰岛，并准备“捍卫自身不受任何形式的胁迫”。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/dc363119be7c8f2363fc47d29b0f62f7","relate_stocks":{"NDX":"纳斯达克100指数",".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106617718","content_text":"1月19日，欧盟正在商讨如果美国总统特朗普兑现2月1日起对欧洲八国加征10%关税的威胁，欧方可能对价值930亿欧元（1080亿美元）的美国商品加征关税。据知情人士透露，欧盟也在考虑除关税以外的其他反制措施，但会首先尝试通过外交途径解决问题。欧盟27个成员国的代表周日举行会议，开始着手制定应对方案。欧盟领导人将于本周晚些时候在布鲁塞尔举行紧急会议，探讨可能采取的反制措施。欧洲理事会主席科斯塔周日在社交媒体发文称，欧盟各国团结一致支持丹麦和格陵兰岛，并准备“捍卫自身不受任何形式的胁迫”。","news_type":1,"symbols_score_info":{"NDX":2,".SPX":2,"MNQ2603":2,".IXIC":2,"ESmain":1,"NQmain":2,"MNQ2612":2,"YMmain":2,"MNQmain":2,".DJI":2}},"isVote":1,"tweetType":1,"viewCount":42,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":523572147012152,"gmtCreate":1768866366748,"gmtModify":1768866368986,"author":{"id":"4208673939477970","authorId":"4208673939477970","name":"千祥云集xyq","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4208673939477970","authorIdStr":"4208673939477970"},"themes":[],"title":"","htmlText":"少在训练方面相当不错，所有努力都将集中在这些芯片上面。","listText":"少在训练方面相当不错，所有努力都将集中在这些芯片上面。","text":"少在训练方面相当不错，所有努力都将集中在这些芯片上面。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/523572147012152","repostId":"1114790101","repostType":4,"repost":{"id":"1114790101","kind":"news","pubTimestamp":1768810173,"share":"https://www.laohu8.com/m/news/1114790101?lang=zh_CN&edition=full","pubTime":"2026-01-19 16:09","market":"us","language":"zh","title":"重启关键项目！马斯克宣布：AI5芯片设计完成，重启开发超级计算机项目Dojo 3","url":"https://stock-news.laohu8.com/highlight/detail?id=1114790101","media":"券商中国","summary":"马斯克迎来“关键一战”。据悉，Dojo项目旨在通过自主研发的芯片和系统，为自动驾驶系统和人工智能模型提供强大的算力支持，减少对外部供应商的依赖。有分析人士认为，AI5芯片可支持更复杂的全自动驾驶系统算法。该芯片的量产进度将直接影响特斯拉FSD功能的推广速度，并可能成为其机器人业务的关键支撑。马斯克宣布1月19日消息，马斯克在社交平台X上发帖称，随着AI5芯片设计完成，$特斯拉 $将重启超级计算机项目Dojo 3的开发。","content":"<html><head></head><body><p><strong>马斯克迎来“关键一战”。</strong></p><p style=\"text-align: justify;\">特斯拉CEO埃隆·马斯克最新宣布，随着AI5芯片设计完成，<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>将重启超级计算机项目Dojo 3的开发。据悉，Dojo项目旨在通过自主研发的芯片和系统，为自动驾驶系统和人工智能模型提供强大的算力支持，减少对外部供应商的依赖。</p><p style=\"text-align: justify;\">有分析人士认为，AI5芯片可支持更复杂的全自动驾驶（FSD）系统算法。该芯片的量产进度将直接影响特斯拉FSD功能的推广速度，并可能成为其机器人业务的关键支撑。</p><h2 id=\"id_3971166013\" style=\"text-align: justify;\">马斯克宣布</h2><p style=\"text-align: justify;\">1月19日消息，马斯克在社交平台X上发帖称，随着AI5芯片设计完成，<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>将重启超级计算机项目Dojo 3的开发。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0210aeae1ba2fb5db5261806291b614e\" title=\"\" tg-width=\"1080\" tg-height=\"468\"/></p><p style=\"text-align: justify;\">同时，他通过该帖发布了招聘信息，寻求对“研发世界上产量最高芯片”感兴趣的人才，并要求应征者用三个要点简述其解决过的关键技术难题。</p><p style=\"text-align: justify;\">马斯克后续还发帖称：“解决AI5芯片问题对特斯拉来说至关重要，“因此我必须让两个团队都专注于这款芯片的研发，而且我本人也连续几个月每周六都投入其中”。</p><p style=\"text-align: justify;\">马斯克表示，这将是一款非常强大的芯片：单颗SoC性能大致相当于英伟达Hopper级别，双芯配置则接近Blackwell级别，但成本极低，功耗也显著更低。如今AI5进展顺利，我们终于有了一些余力，可以重新启动Dojo3的研发工作了。</p><p style=\"text-align: justify;\">回顾此前，2025年8月，曾有报道称，<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>已全面暂停Dojo项目，该项目负责人彼得·班农（Peter Bannon）离职。该决定一度被解读为特斯拉放弃自研自动驾驶芯片的计划。知情人士透露，暂停指令由马斯克亲自下达。</p><p style=\"text-align: justify;\">当时，马斯克回复网友评论称，特斯拉分散资源并同时开发两种截然不同的AI芯片设计是没有意义的。特斯拉的AI5、AI6及后续芯片在推理方面将表现出色，至少在训练方面相当不错，所有努力都将集中在这些芯片上面。</p><p style=\"text-align: justify;\">他还补充说，在超级计算机集群中，将多块AI5/AI6芯片集成于单块电路板上是合理的，无论是用于推理还是训练，仅此就能将网络布线的复杂度与成本降低几个数量级。</p><p style=\"text-align: justify;\">Dojo项目最早在2019年被马斯克首次提及，便承载着特斯拉在人工智能领域的宏大愿景。</p><p style=\"text-align: justify;\">其旨在通过自主研发的芯片和系统，为自动驾驶系统和人工智能模型提供强大的算力支持，减少对外部供应商的依赖。</p><p style=\"text-align: justify;\">Dojo被视为特斯拉AI雄心的基石，有望在处理自动驾驶视频数据、优化神经网络模型方面带来显著性能提升。</p><p style=\"text-align: justify;\">摩根士丹利曾估算，若Dojo全面投入使用，可能为特斯拉带来数十亿美元的潜在估值提升。</p><h2 id=\"id_3621526170\" style=\"text-align: justify;\">自动驾驶的关键一战</h2><p style=\"text-align: justify;\">就在前不久，马斯克透露，<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>用于完全自动驾驶系统的AI5芯片已接近设计完成，而AI6芯片目前处于早期阶段，后续还将推出AI7、AI8、AI9，目标是在9个月内完成设计周期。</p><p style=\"text-align: justify;\">根据特斯拉此前公布的信息，AI5芯片的运算性能将达到2000—2500TOPS，约为当前HW4芯片性能的5倍，可支持更复杂的全自动驾驶（FSD）系统算法。</p><p style=\"text-align: justify;\">业内分析认为，该芯片的量产进度将直接影响特斯拉FSD功能的推广速度，并可能成为其机器人业务的关键支撑。</p><p style=\"text-align: justify;\">生产进度方面，AI5芯片样品及小规模部署计划于2026年推进，大规模量产预计在2027年完成。</p><p style=\"text-align: justify;\">在AI5芯片收尾之际，特斯拉已启动AI6芯片的早期研发工作，该芯片大概率将延续AI5的代工厂合作体系，后续计划由三星电子独家代工，且将采用模块化架构设计，与Dojo超级计算机芯片深度整合，实现车、机器人、超算生态的协同。</p><p style=\"text-align: justify;\">据此前报道，三星电子正在加快其在美国生产AI5芯片的准备工作，近期已为其客户工程团队招募了一批经验丰富的工程师。该团队将协助解决复杂的晶圆代工难题，稳定生产良率，并确保这一新项目的制造流程顺利推进。此次大规模招聘表明，特斯拉的AI5项目在三星内部正快速推进。</p><p style=\"text-align: justify;\">按照规划，AI6芯片预计于2028年推出，2028年中期实现大规模量产。</p><p style=\"text-align: justify;\">与此同时，<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>FSD也迎来了重大调整。</p><p style=\"text-align: justify;\">马斯克近日宣布特斯拉FSD将于2月14日起取消一次性买断，全面转向月度订阅制。</p><p style=\"text-align: justify;\">据悉，FSD的买断价格在美国市场为8000美元（约合人民币5.6万），中国市场则为6.4万元人民币，如今实行长达十年的一次性买断制将成为历史，FSD开始迈向SaaS（软件即服务）订阅时代。</p><p style=\"text-align: justify;\">马斯克曾透露，下一版本的FSD将全面实现完全自动驾驶，甚至还承认已经开始Robotaxi无人化测试。</p><p style=\"text-align: justify;\">FSD只租不卖意味着，特斯拉面对自动驾驶的战略正在发生巨大转变。</p><p style=\"text-align: justify;\">有分析指出，此举旨在降低FSD的使用门槛、提升渗透率并形成持续收入。</p></body></html>","source":"cszg","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>重启关键项目！马斯克宣布：AI5芯片设计完成，重启开发超级计算机项目Dojo 3</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; 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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重启关键项目！马斯克宣布：AI5芯片设计完成，重启开发超级计算机项目Dojo 3\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-19 16:09 北京时间&nbsp;&nbsp;&nbsp;<a href=https://mp.weixin.qq.com/s/KLJGZgxTQmT0Hs5rNUjBVA><strong>券商中国</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>马斯克迎来“关键一战”。特斯拉CEO埃隆·马斯克最新宣布，随着AI5芯片设计完成，特斯拉将重启超级计算机项目Dojo 3的开发。据悉，Dojo项目旨在通过自主研发的芯片和系统，为自动驾驶系统和人工智能模型提供强大的算力支持，减少对外部供应商的依赖。有分析人士认为，AI5芯片可支持更复杂的全自动驾驶（FSD）系统算法。该芯片的量产进度将直接影响特斯拉FSD功能的推广速度，并可能成为其机器人业务的关键...</p>\n\n<a href=\"https://mp.weixin.qq.com/s/KLJGZgxTQmT0Hs5rNUjBVA\">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/5f5b9ac2630f52b7fb53e5befd88586d","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://mp.weixin.qq.com/s/KLJGZgxTQmT0Hs5rNUjBVA","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114790101","content_text":"马斯克迎来“关键一战”。特斯拉CEO埃隆·马斯克最新宣布，随着AI5芯片设计完成，特斯拉将重启超级计算机项目Dojo 3的开发。据悉，Dojo项目旨在通过自主研发的芯片和系统，为自动驾驶系统和人工智能模型提供强大的算力支持，减少对外部供应商的依赖。有分析人士认为，AI5芯片可支持更复杂的全自动驾驶（FSD）系统算法。该芯片的量产进度将直接影响特斯拉FSD功能的推广速度，并可能成为其机器人业务的关键支撑。马斯克宣布1月19日消息，马斯克在社交平台X上发帖称，随着AI5芯片设计完成，特斯拉将重启超级计算机项目Dojo 3的开发。同时，他通过该帖发布了招聘信息，寻求对“研发世界上产量最高芯片”感兴趣的人才，并要求应征者用三个要点简述其解决过的关键技术难题。马斯克后续还发帖称：“解决AI5芯片问题对特斯拉来说至关重要，“因此我必须让两个团队都专注于这款芯片的研发，而且我本人也连续几个月每周六都投入其中”。马斯克表示，这将是一款非常强大的芯片：单颗SoC性能大致相当于英伟达Hopper级别，双芯配置则接近Blackwell级别，但成本极低，功耗也显著更低。如今AI5进展顺利，我们终于有了一些余力，可以重新启动Dojo3的研发工作了。回顾此前，2025年8月，曾有报道称，特斯拉已全面暂停Dojo项目，该项目负责人彼得·班农（Peter Bannon）离职。该决定一度被解读为特斯拉放弃自研自动驾驶芯片的计划。知情人士透露，暂停指令由马斯克亲自下达。当时，马斯克回复网友评论称，特斯拉分散资源并同时开发两种截然不同的AI芯片设计是没有意义的。特斯拉的AI5、AI6及后续芯片在推理方面将表现出色，至少在训练方面相当不错，所有努力都将集中在这些芯片上面。他还补充说，在超级计算机集群中，将多块AI5/AI6芯片集成于单块电路板上是合理的，无论是用于推理还是训练，仅此就能将网络布线的复杂度与成本降低几个数量级。Dojo项目最早在2019年被马斯克首次提及，便承载着特斯拉在人工智能领域的宏大愿景。其旨在通过自主研发的芯片和系统，为自动驾驶系统和人工智能模型提供强大的算力支持，减少对外部供应商的依赖。Dojo被视为特斯拉AI雄心的基石，有望在处理自动驾驶视频数据、优化神经网络模型方面带来显著性能提升。摩根士丹利曾估算，若Dojo全面投入使用，可能为特斯拉带来数十亿美元的潜在估值提升。自动驾驶的关键一战就在前不久，马斯克透露，特斯拉用于完全自动驾驶系统的AI5芯片已接近设计完成，而AI6芯片目前处于早期阶段，后续还将推出AI7、AI8、AI9，目标是在9个月内完成设计周期。根据特斯拉此前公布的信息，AI5芯片的运算性能将达到2000—2500TOPS，约为当前HW4芯片性能的5倍，可支持更复杂的全自动驾驶（FSD）系统算法。业内分析认为，该芯片的量产进度将直接影响特斯拉FSD功能的推广速度，并可能成为其机器人业务的关键支撑。生产进度方面，AI5芯片样品及小规模部署计划于2026年推进，大规模量产预计在2027年完成。在AI5芯片收尾之际，特斯拉已启动AI6芯片的早期研发工作，该芯片大概率将延续AI5的代工厂合作体系，后续计划由三星电子独家代工，且将采用模块化架构设计，与Dojo超级计算机芯片深度整合，实现车、机器人、超算生态的协同。据此前报道，三星电子正在加快其在美国生产AI5芯片的准备工作，近期已为其客户工程团队招募了一批经验丰富的工程师。该团队将协助解决复杂的晶圆代工难题，稳定生产良率，并确保这一新项目的制造流程顺利推进。此次大规模招聘表明，特斯拉的AI5项目在三星内部正快速推进。按照规划，AI6芯片预计于2028年推出，2028年中期实现大规模量产。与此同时，特斯拉FSD也迎来了重大调整。马斯克近日宣布特斯拉FSD将于2月14日起取消一次性买断，全面转向月度订阅制。据悉，FSD的买断价格在美国市场为8000美元（约合人民币5.6万），中国市场则为6.4万元人民币，如今实行长达十年的一次性买断制将成为历史，FSD开始迈向SaaS（软件即服务）订阅时代。马斯克曾透露，下一版本的FSD将全面实现完全自动驾驶，甚至还承认已经开始Robotaxi无人化测试。FSD只租不卖意味着，特斯拉面对自动驾驶的战略正在发生巨大转变。有分析指出，此举旨在降低FSD的使用门槛、提升渗透率并形成持续收入。","news_type":1,"symbols_score_info":{"TSLA":2}},"isVote":1,"tweetType":1,"viewCount":465,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":514083297436864,"gmtCreate":1766534778328,"gmtModify":1766540119210,"author":{"id":"4208673939477970","authorId":"4208673939477970","name":"千祥云集xyq","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4208673939477970","idStr":"4208673939477970"},"themes":[],"title":"","htmlText":"<a 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[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/526322963928392","isVote":1,"tweetType":1,"viewCount":5,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":527341646725704,"gmtCreate":1769766412708,"gmtModify":1769766414981,"author":{"id":"4208673939477970","authorId":"4208673939477970","name":"千祥云集xyq","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4208673939477970","idStr":"4208673939477970"},"themes":[],"title":"","htmlText":"强强联合","listText":"强强联合","text":"强强联合","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/527341646725704","repostId":"1164266745","repostType":2,"repost":{"id":"1164266745","kind":"news","weMediaInfo":{"introduction":"个股异动一手消息解读","home_visible":1,"media_name":"异动解读","id":"1092702339","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"pubTimestamp":1769722526,"share":"https://www.laohu8.com/m/news/1164266745?lang=zh_CN&edition=full","pubTime":"2026-01-30 05:35","market":"us","language":"zh","title":"异动解读 | SanDisk财报超预期，盘后大涨12.86%","url":"https://stock-news.laohu8.com/highlight/detail?id=1164266745","media":"异动解读","summary":"SanDisk Corp（股票代码：SNDK）今日盘后股价大幅上涨12.86%，引起了市场的广泛关注。消息面上，SanDisk发布了2026财年第二季度财报，其营收和每股净利润均大幅超过市场预期，同时公司对下一财季的营收指引也表现强劲，这显著提振了投资者信心，成为推动股价在盘后时段飙升的主要原因。具体而言，SanDisk第二财季营收达到30.3亿美元，远超分析师预估的26.7亿美元；调整后每股净利润为6.2美元。此外，公司预计第三财季营收将在44亿至48亿美元之间，展现出良好的增长前景。","content":"<p>SanDisk Corp（股票代码：SNDK）今日盘后股价大幅上涨12.86%，引起了市场的广泛关注。</p><p>消息面上，SanDisk发布了2026财年第二季度财报，其营收和每股净利润均大幅超过市场预期，同时公司对下一财季的营收指引也表现强劲，这显著提振了投资者信心，成为推动股价在盘后时段飙升的主要原因。</p><p>具体而言，SanDisk第二财季营收达到30.3亿美元，远超分析师预估的26.7亿美元；调整后每股净利润为6.2美元。此外，公司预计第三财季营收将在44亿至48亿美元之间，展现出良好的增长前景。</p>","source":"ai_movement_cn","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 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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异动解读 | SanDisk财报超预期，盘后大涨12.86%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092702339\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">异动解读 </p>\n<p class=\"h-time\">2026-01-30 05:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SanDisk Corp（股票代码：SNDK）今日盘后股价大幅上涨12.86%，引起了市场的广泛关注。</p><p>消息面上，SanDisk发布了2026财年第二季度财报，其营收和每股净利润均大幅超过市场预期，同时公司对下一财季的营收指引也表现强劲，这显著提振了投资者信心，成为推动股价在盘后时段飙升的主要原因。</p><p>具体而言，SanDisk第二财季营收达到30.3亿美元，远超分析师预估的26.7亿美元；调整后每股净利润为6.2美元。此外，公司预计第三财季营收将在44亿至48亿美元之间，展现出良好的增长前景。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNDK":"闪迪"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164266745","content_text":"SanDisk Corp（股票代码：SNDK）今日盘后股价大幅上涨12.86%，引起了市场的广泛关注。消息面上，SanDisk发布了2026财年第二季度财报，其营收和每股净利润均大幅超过市场预期，同时公司对下一财季的营收指引也表现强劲，这显著提振了投资者信心，成为推动股价在盘后时段飙升的主要原因。具体而言，SanDisk第二财季营收达到30.3亿美元，远超分析师预估的26.7亿美元；调整后每股净利润为6.2美元。此外，公司预计第三财季营收将在44亿至48亿美元之间，展现出良好的增长前景。","news_type":1,"symbols_score_info":{"SNDK":1}},"isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":518519284663104,"gmtCreate":1767620920159,"gmtModify":1767620922128,"author":{"id":"4208673939477970","authorId":"4208673939477970","name":"千祥云集xyq","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4208673939477970","idStr":"4208673939477970"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/06082\">$壁仞科技(06082)$ </a> 继续输液继续捂。","listText":"<a href=\"https://laohu8.com/S/06082\">$壁仞科技(06082)$ </a> 继续输液继续捂。","text":"$壁仞科技(06082)$ 继续输液继续捂。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/518519284663104","isVote":1,"tweetType":1,"viewCount":2334,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":524893741839504,"gmtCreate":1769174511179,"gmtModify":1769174513593,"author":{"id":"4208673939477970","authorId":"4208673939477970","name":"千祥云集xyq","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4208673939477970","idStr":"4208673939477970"},"themes":[],"htmlText":"美国对这些地区出手的重要目的就是这些地区背后的自然资源。","listText":"美国对这些地区出手的重要目的就是这些地区背后的自然资源。","text":"美国对这些地区出手的重要目的就是这些地区背后的自然资源。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/524893741839504","isVote":1,"tweetType":1,"viewCount":419,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000471","authorId":"9000000000000471","name":"MooreAlcott","avatar":"https://static.tigerbbs.com/3bdfcf969855efce5e151357194599f7","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"9000000000000471","idStr":"9000000000000471"},"content":"资源股要爆发了，赶紧上车！","text":"资源股要爆发了，赶紧上车！","html":"资源股要爆发了，赶紧上车！"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":526721799475856,"gmtCreate":1769567736855,"gmtModify":1769567739083,"author":{"id":"4208673939477970","authorId":"4208673939477970","name":"千祥云集xyq","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4208673939477970","idStr":"4208673939477970"},"themes":[],"htmlText":"没有解决方案","listText":"没有解决方案","text":"没有解决方案","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/526721799475856","isVote":1,"tweetType":1,"viewCount":131,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":517770848347032,"gmtCreate":1767438109284,"gmtModify":1767438111563,"author":{"id":"4208673939477970","authorId":"4208673939477970","name":"千祥云集xyq","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4208673939477970","idStr":"4208673939477970"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/06082\">$壁仞科技(06082)$ </a> 不错的变革，大家持之以恒","listText":"<a href=\"https://laohu8.com/S/06082\">$壁仞科技(06082)$ </a> 不错的变革，大家持之以恒","text":"$壁仞科技(06082)$ 不错的变革，大家持之以恒","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/517770848347032","isVote":1,"tweetType":1,"viewCount":1756,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":519020865483320,"gmtCreate":1767743282565,"gmtModify":1767749510821,"author":{"id":"4208673939477970","authorId":"4208673939477970","name":"千祥云集xyq","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4208673939477970","idStr":"4208673939477970"},"themes":[],"htmlText":"联合起来搞好一点，各自为政功亏一篑","listText":"联合起来搞好一点，各自为政功亏一篑","text":"联合起来搞好一点，各自为政功亏一篑","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/519020865483320","isVote":1,"tweetType":1,"viewCount":649,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":515389699731584,"gmtCreate":1766798232594,"gmtModify":1766798234898,"author":{"id":"4208673939477970","authorId":"4208673939477970","name":"千祥云集xyq","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4208673939477970","idStr":"4208673939477970"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TSLQ\">$2倍做空TSLA ETF-Tradr(TSLQ)$&nbsp;</a><v-v data-views=\"1\"></v-v> 涨不停不停涨。","listText":"<a href=\"https://laohu8.com/S/TSLQ\">$2倍做空TSLA ETF-Tradr(TSLQ)$&nbsp;</a><v-v data-views=\"1\"></v-v> 涨不停不停涨。","text":"$2倍做空TSLA ETF-Tradr(TSLQ)$ 涨不停不停涨。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/515389699731584","isVote":1,"tweetType":1,"viewCount":511,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4208673939477970","authorId":"4208673939477970","name":"千祥云集xyq","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4208673939477970","idStr":"4208673939477970"},"content":"大家一起努力 [财迷]","text":"大家一起努力 [财迷]","html":"大家一起努力 [财迷]"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":525806976447224,"gmtCreate":1769397443237,"gmtModify":1769397445149,"author":{"id":"4208673939477970","authorId":"4208673939477970","name":"千祥云集xyq","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4208673939477970","idStr":"4208673939477970"},"themes":[],"title":"","htmlText":"🐱","listText":"🐱","text":"🐱","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/525806976447224","repostId":"2605007084","repostType":2,"repost":{"id":"2605007084","kind":"news","pubTimestamp":1769199480,"share":"https://www.laohu8.com/m/news/2605007084?lang=zh_CN&edition=full","pubTime":"2026-01-24 04:18","market":"sg","language":"zh","title":"高盛将首席执行官的年薪从3900万美元提高至4700万","url":"https://stock-news.laohu8.com/highlight/detail?id=2605007084","media":"环球市场播报","summary":"高盛决定首席执行官大卫·所罗门2025年的总薪酬为4700万美元。\n　　2024年总薪酬为3900万美元。\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：陈钰嘉","content":"<html><body><div>\n<p>　　<span><a href=\"https://laohu8.com/S/GS\">高盛</a></span><span></span>决定首席执行官大卫·所罗门2025年的总薪酬为4700万美元。</p>\n<p>　　2024年总薪酬为3900万美元。</p>\n<div>\n<div><img src=\"\"/></div>\n<div>海量资讯、精准解读，尽在新浪财经APP</div>\n</div>\n<p>责任编辑：陈钰嘉 </p>\n</div></body></html>","source":"sina","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>高盛将首席执行官的年薪从3900万美元提高至4700万</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高盛将首席执行官的年薪从3900万美元提高至4700万\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-24 04:18 北京时间&nbsp;&nbsp;&nbsp;<a href=https://finance.sina.com.cn/stock/usstock/c/2026-01-24/doc-inhiiucn0599661.shtml><strong>环球市场播报</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>高盛决定首席执行官大卫·所罗门2025年的总薪酬为4700万美元。\n　　2024年总薪酬为3900万美元。\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：陈钰嘉</p>\n\n<a href=\"https://finance.sina.com.cn/stock/usstock/c/2026-01-24/doc-inhiiucn0599661.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":{"IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","BK4585":"ETF&股票定投概念","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU2471134523.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) ACC","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","BK4127":"投资银行业与经纪业","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","LU2471134796.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) INC","BK4533":"AQR资本管理(全球第二大对冲基金)","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","BK4516":"特朗普概念","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) 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ACC","BK4588":"碎股","BK4550":"红杉资本持仓","LU2237443465.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) INC","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","BK4552":"Archegos爆仓风波概念","LU2471134879.HKD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (HKD) INC","LU1868836914.USD":"CT (LUX) I AMERICAN \"3\" (USD) ACC","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","IE00BFXG1179.USD":"BNY MELLON U.S. EQUITY INCOME \"B\" (USD) INC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU1868837136.USD":"CT (LUX) I AMERICAN \"8\" (USD) ACC","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU1868836591.USD":"CT (LUX) I AMERICAN \"1U\"(USD) ACC","LU2471134952.CNY":"INVESCO GLOBAL 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SGD-H"},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2026-01-24/doc-inhiiucn0599661.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2605007084","content_text":"高盛决定首席执行官大卫·所罗门2025年的总薪酬为4700万美元。\n　　2024年总薪酬为3900万美元。\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：陈钰嘉","news_type":1,"symbols_score_info":{"GS":1.5}},"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":525806618805648,"gmtCreate":1769397430092,"gmtModify":1769397432227,"author":{"id":"4208673939477970","authorId":"4208673939477970","name":"千祥云集xyq","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4208673939477970","idStr":"4208673939477970"},"themes":[],"title":"","htmlText":"没能很好的平衡“轻薄”与“全能”之间的关系。","listText":"没能很好的平衡“轻薄”与“全能”之间的关系。","text":"没能很好的平衡“轻薄”与“全能”之间的关系。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/525806618805648","repostId":"2606258187","repostType":2,"repost":{"id":"2606258187","kind":"news","pubTimestamp":1769248687,"share":"https://www.laohu8.com/m/news/2606258187?lang=zh_CN&edition=full","pubTime":"2026-01-24 17:58","market":"sh","language":"zh","title":"苹果三星超薄旗舰全部大降价：三星S25 Edge暴降2500元","url":"https://stock-news.laohu8.com/highlight/detail?id=2606258187","media":"快科技","summary":"快科技1月24日消息，苹果天猫官方旗舰店上线新年促销活动，旗下iPhone Air直降2000元，256GB标准版售价从7999元骤降至5999元。与此同时，三星Galaxy S25 Edge开启大降价，三星京东自营店直降2500元，叠加国补后的价格是4999元，比首发价便宜了3000元。对比iPhone Air，三星Galaxy S25 Edge多了一颗超广角摄像头，电池容量同样偏小，市场销量也没有达到预期。","content":"<html><body><p>快科技1月24日消息，<a href=\"https://laohu8.com/S/AAPL\">苹果</a>天猫官方旗舰店上线新年促销活动，旗下iPhone Air直降2000元，256GB标准版售价从7999元骤降至5999元。叠加国家补贴后，用户实际支付价格是5499元。</p><p>与此同时，<a href=\"https://laohu8.com/S/SMSN.UK\">三星</a>Galaxy S25 Edge开启大降价，<strong>三星<a href=\"https://laohu8.com/S/JD\">京东</a>自营店直降2500元，叠加国补后的价格是4999元，比首发价便宜了3000元。</strong></p><p><img src=\"https://x0.ifengimg.com/res/2026/4F15D82E050041B9913A95CFDF214CAB57B61148_size110_w600_h400.jpg\"/></p><p>和iPhone Air一样，Galaxy S25 Edge同样是一款超轻薄旗舰，其<strong>厚度只有5.8mm，重量只有163g，配备6.7英寸2K全面屏，支</strong>持120Hz智能刷新率，前置1200万像素，后置2亿主摄和1200万超广角，支持OIS防抖，电池是3900mAh。</p><p>对比iPhone Air，<strong>三星Galaxy S25 Edge多了一颗超广角摄像头，电池容量同样偏小，市场销量也没有达到预期。</strong></p><p>分析师指出，苹果三星超薄旗舰的销量都不算<a href=\"https://laohu8.com/S/LI\">理想</a>，主要问题在于产品定义与市场定位的错位，它们将“超轻薄”这一特性拔高到了顶级旗舰的价位，却没能很好的平衡“轻薄”与“全能”之间的关系。</p><p>为了极致轻薄牺牲了太多用户体验，产品力严重不足，用户会面临当主力机不够用，当备用机太昂贵的尴尬境地，虽然超薄旗舰有着很独特且吸引人的卖点和特色，但无法满足消费者对它的期待。</p><p><img src=\"https://x0.ifengimg.com/res/2026/734355E5F18429900F03F08325C531831A961174_size397_w600_h1320.jpg\"/></p></body></html>","source":"fenghuang_stock","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>苹果三星超薄旗舰全部大降价：三星S25 Edge暴降2500元</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苹果三星超薄旗舰全部大降价：三星S25 Edge暴降2500元\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-24 17:58 北京时间&nbsp;&nbsp;&nbsp;<a href=https://tech.ifeng.com/c/8qBBOyTV1AE><strong>快科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>快科技1月24日消息，苹果天猫官方旗舰店上线新年促销活动，旗下iPhone Air直降2000元，256GB标准版售价从7999元骤降至5999元。叠加国家补贴后，用户实际支付价格是5499元。与此同时，三星Galaxy S25 Edge开启大降价，三星京东自营店直降2500元，叠加国补后的价格是4999元，比首发价便宜了3000元。和iPhone Air一样，Galaxy S25 Edge同样是...</p>\n\n<a href=\"https://tech.ifeng.com/c/8qBBOyTV1AE\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1934455277.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"AD\" (USD) INC","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","HK0000306701.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) INC","LU1934455194.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"A\" (USD) ACC","LU1116320737.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (USD) INC","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","BK4512":"苹果概念","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE 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tg-height=\"240\"/></p><p>申万宏源认为，我国房地产基本面已经历深度调整，考虑到近期中央要求“着力稳定房地产市场”，并今年年初央媒《求是》为房地产重磅发声，其中强调地产金融属性、居民资产负债表及建议政策一次性给足，房地产表态出现积极转变，后续行业政策值得期待。</p><p>平安证券研报指出，2025年楼市降幅收窄，2026年曙光渐行渐近。展望2026年，预计“好房子”凭借品质/得房率等优势仍将成为提振新房销售的重要因素。</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>港股异动 | 内房股拉升，绿城中国涨6%，建发国际集团涨近5%，万科、华润置地涨超3%</title>\n<style 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href=\"https://laohu8.com/S/03900\">绿城中国</a> 涨6%， <a href=\"https://laohu8.com/S/01908\">建发国际集团</a> 涨近5%， <a href=\"https://laohu8.com/S/02202\">万科企业</a> 、<a href=\"https://laohu8.com/S/01109\">华润置地</a> 涨超3%， <a href=\"https://laohu8.com/S/00123\">越秀地产</a> 涨2.9%。管理层近期推出利好房地产的针对性金融措施，例如央行下调再贷款利率25个基点，并将商业房地产最低首付比例从50%降至30%。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dd40df28c813ef7f48718dba886ca797\" title=\"\" tg-width=\"560\" tg-height=\"240\"/></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6d9f23c939a948b667c75e7ea19f913b\" title=\"\" tg-width=\"560\" tg-height=\"240\"/></p><p>申万宏源认为，我国房地产基本面已经历深度调整，考虑到近期中央要求“着力稳定房地产市场”，并今年年初央媒《求是》为房地产重磅发声，其中强调地产金融属性、居民资产负债表及建议政策一次性给足，房地产表态出现积极转变，后续行业政策值得期待。</p><p>平安证券研报指出，2025年楼市降幅收窄，2026年曙光渐行渐近。展望2026年，预计“好房子”凭借品质/得房率等优势仍将成为提振新房销售的重要因素。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7ae0555dd414b3f7de4af00b547725e6","relate_stocks":{"01109":"华润置地","02202":"万科企业","00123":"越秀地产","03900":"绿城中国"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199156695","content_text":"周二，内房股盘中拉升。 绿城中国 涨6%， 建发国际集团 涨近5%， 万科企业 、华润置地 涨超3%， 越秀地产 涨2.9%。管理层近期推出利好房地产的针对性金融措施，例如央行下调再贷款利率25个基点，并将商业房地产最低首付比例从50%降至30%。申万宏源认为，我国房地产基本面已经历深度调整，考虑到近期中央要求“着力稳定房地产市场”，并今年年初央媒《求是》为房地产重磅发声，其中强调地产金融属性、居民资产负债表及建议政策一次性给足，房地产表态出现积极转变，后续行业政策值得期待。平安证券研报指出，2025年楼市降幅收窄，2026年曙光渐行渐近。展望2026年，预计“好房子”凭借品质/得房率等优势仍将成为提振新房销售的重要因素。","news_type":1,"symbols_score_info":{"02202":2,"01109":2,"00123":2,"03900":2}},"isVote":1,"tweetType":1,"viewCount":169,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":523572250534504,"gmtCreate":1768866392588,"gmtModify":1768866394798,"author":{"id":"4208673939477970","authorId":"4208673939477970","name":"千祥云集xyq","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4208673939477970","idStr":"4208673939477970"},"themes":[],"title":"","htmlText":"捍卫自身不受任何形式的胁迫”。","listText":"捍卫自身不受任何形式的胁迫”。","text":"捍卫自身不受任何形式的胁迫”。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/523572250534504","repostId":"1106617718","repostType":4,"repost":{"id":"1106617718","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":1768802886,"share":"https://www.laohu8.com/m/news/1106617718?lang=zh_CN&edition=full","pubTime":"2026-01-19 14:08","market":"us","language":"zh","title":"欧盟考虑对1080亿美元美国商品加征关税，反制特朗普威胁","url":"https://stock-news.laohu8.com/highlight/detail?id=1106617718","media":"老虎资讯综合","summary":"1月19日，欧盟正在商讨如果美国总统特朗普兑现2月1日起对欧洲八国加征10%关税的威胁，欧方可能对价值930亿欧元（1080亿美元）的美国商品加征关税。据知情人士透露，欧盟也在考虑除关税以外的其他反制措施，但会首先尝试通过外交途径解决问题。欧盟27个成员国的代表周日举行会议，开始着手制定应对方案。欧盟领导人将于本周晚些时候在布鲁塞尔举行紧急会议，探讨可能采取的反制措施。欧洲理事会主席科斯塔周日在社交媒体发文称，欧盟各国团结一致支持丹麦和格陵兰岛，并准备“捍卫自身不受任何形式的胁迫”。","content":"<html><head></head><body><p>1月19日，欧盟正在商讨如果美国总统特朗普兑现2月1日起对欧洲八国加征10%关税的威胁，欧方可能对价值930亿欧元（1080亿美元）的美国商品加征关税。据知情人士透露，欧盟也在考虑除关税以外的其他反制措施，但会首先尝试通过外交途径解决问题。欧盟27个成员国的代表周日举行会议，开始着手制定应对方案。欧盟领导人将于本周晚些时候在布鲁塞尔举行紧急会议，探讨可能采取的反制措施。欧洲理事会主席科斯塔周日在社交媒体发文称，欧盟各国团结一致支持丹麦和格陵兰岛，并准备“捍卫自身不受任何形式的胁迫”。</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 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class=\"h-time\">2026-01-19 14:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>1月19日，欧盟正在商讨如果美国总统特朗普兑现2月1日起对欧洲八国加征10%关税的威胁，欧方可能对价值930亿欧元（1080亿美元）的美国商品加征关税。据知情人士透露，欧盟也在考虑除关税以外的其他反制措施，但会首先尝试通过外交途径解决问题。欧盟27个成员国的代表周日举行会议，开始着手制定应对方案。欧盟领导人将于本周晚些时候在布鲁塞尔举行紧急会议，探讨可能采取的反制措施。欧洲理事会主席科斯塔周日在社交媒体发文称，欧盟各国团结一致支持丹麦和格陵兰岛，并准备“捍卫自身不受任何形式的胁迫”。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/dc363119be7c8f2363fc47d29b0f62f7","relate_stocks":{"NDX":"纳斯达克100指数",".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106617718","content_text":"1月19日，欧盟正在商讨如果美国总统特朗普兑现2月1日起对欧洲八国加征10%关税的威胁，欧方可能对价值930亿欧元（1080亿美元）的美国商品加征关税。据知情人士透露，欧盟也在考虑除关税以外的其他反制措施，但会首先尝试通过外交途径解决问题。欧盟27个成员国的代表周日举行会议，开始着手制定应对方案。欧盟领导人将于本周晚些时候在布鲁塞尔举行紧急会议，探讨可能采取的反制措施。欧洲理事会主席科斯塔周日在社交媒体发文称，欧盟各国团结一致支持丹麦和格陵兰岛，并准备“捍卫自身不受任何形式的胁迫”。","news_type":1,"symbols_score_info":{"NDX":2,".SPX":2,"MNQ2603":2,".IXIC":2,"ESmain":1,"NQmain":2,"MNQ2612":2,"YMmain":2,"MNQmain":2,".DJI":2}},"isVote":1,"tweetType":1,"viewCount":42,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":523572147012152,"gmtCreate":1768866366748,"gmtModify":1768866368986,"author":{"id":"4208673939477970","authorId":"4208673939477970","name":"千祥云集xyq","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4208673939477970","idStr":"4208673939477970"},"themes":[],"title":"","htmlText":"少在训练方面相当不错，所有努力都将集中在这些芯片上面。","listText":"少在训练方面相当不错，所有努力都将集中在这些芯片上面。","text":"少在训练方面相当不错，所有努力都将集中在这些芯片上面。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/523572147012152","repostId":"1114790101","repostType":4,"repost":{"id":"1114790101","kind":"news","pubTimestamp":1768810173,"share":"https://www.laohu8.com/m/news/1114790101?lang=zh_CN&edition=full","pubTime":"2026-01-19 16:09","market":"us","language":"zh","title":"重启关键项目！马斯克宣布：AI5芯片设计完成，重启开发超级计算机项目Dojo 3","url":"https://stock-news.laohu8.com/highlight/detail?id=1114790101","media":"券商中国","summary":"马斯克迎来“关键一战”。据悉，Dojo项目旨在通过自主研发的芯片和系统，为自动驾驶系统和人工智能模型提供强大的算力支持，减少对外部供应商的依赖。有分析人士认为，AI5芯片可支持更复杂的全自动驾驶系统算法。该芯片的量产进度将直接影响特斯拉FSD功能的推广速度，并可能成为其机器人业务的关键支撑。马斯克宣布1月19日消息，马斯克在社交平台X上发帖称，随着AI5芯片设计完成，$特斯拉 $将重启超级计算机项目Dojo 3的开发。","content":"<html><head></head><body><p><strong>马斯克迎来“关键一战”。</strong></p><p style=\"text-align: justify;\">特斯拉CEO埃隆·马斯克最新宣布，随着AI5芯片设计完成，<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>将重启超级计算机项目Dojo 3的开发。据悉，Dojo项目旨在通过自主研发的芯片和系统，为自动驾驶系统和人工智能模型提供强大的算力支持，减少对外部供应商的依赖。</p><p style=\"text-align: justify;\">有分析人士认为，AI5芯片可支持更复杂的全自动驾驶（FSD）系统算法。该芯片的量产进度将直接影响特斯拉FSD功能的推广速度，并可能成为其机器人业务的关键支撑。</p><h2 id=\"id_3971166013\" style=\"text-align: justify;\">马斯克宣布</h2><p style=\"text-align: justify;\">1月19日消息，马斯克在社交平台X上发帖称，随着AI5芯片设计完成，<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>将重启超级计算机项目Dojo 3的开发。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0210aeae1ba2fb5db5261806291b614e\" title=\"\" tg-width=\"1080\" tg-height=\"468\"/></p><p style=\"text-align: justify;\">同时，他通过该帖发布了招聘信息，寻求对“研发世界上产量最高芯片”感兴趣的人才，并要求应征者用三个要点简述其解决过的关键技术难题。</p><p style=\"text-align: justify;\">马斯克后续还发帖称：“解决AI5芯片问题对特斯拉来说至关重要，“因此我必须让两个团队都专注于这款芯片的研发，而且我本人也连续几个月每周六都投入其中”。</p><p style=\"text-align: justify;\">马斯克表示，这将是一款非常强大的芯片：单颗SoC性能大致相当于英伟达Hopper级别，双芯配置则接近Blackwell级别，但成本极低，功耗也显著更低。如今AI5进展顺利，我们终于有了一些余力，可以重新启动Dojo3的研发工作了。</p><p style=\"text-align: justify;\">回顾此前，2025年8月，曾有报道称，<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>已全面暂停Dojo项目，该项目负责人彼得·班农（Peter Bannon）离职。该决定一度被解读为特斯拉放弃自研自动驾驶芯片的计划。知情人士透露，暂停指令由马斯克亲自下达。</p><p style=\"text-align: justify;\">当时，马斯克回复网友评论称，特斯拉分散资源并同时开发两种截然不同的AI芯片设计是没有意义的。特斯拉的AI5、AI6及后续芯片在推理方面将表现出色，至少在训练方面相当不错，所有努力都将集中在这些芯片上面。</p><p style=\"text-align: justify;\">他还补充说，在超级计算机集群中，将多块AI5/AI6芯片集成于单块电路板上是合理的，无论是用于推理还是训练，仅此就能将网络布线的复杂度与成本降低几个数量级。</p><p style=\"text-align: justify;\">Dojo项目最早在2019年被马斯克首次提及，便承载着特斯拉在人工智能领域的宏大愿景。</p><p style=\"text-align: justify;\">其旨在通过自主研发的芯片和系统，为自动驾驶系统和人工智能模型提供强大的算力支持，减少对外部供应商的依赖。</p><p style=\"text-align: justify;\">Dojo被视为特斯拉AI雄心的基石，有望在处理自动驾驶视频数据、优化神经网络模型方面带来显著性能提升。</p><p style=\"text-align: justify;\">摩根士丹利曾估算，若Dojo全面投入使用，可能为特斯拉带来数十亿美元的潜在估值提升。</p><h2 id=\"id_3621526170\" style=\"text-align: justify;\">自动驾驶的关键一战</h2><p style=\"text-align: justify;\">就在前不久，马斯克透露，<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>用于完全自动驾驶系统的AI5芯片已接近设计完成，而AI6芯片目前处于早期阶段，后续还将推出AI7、AI8、AI9，目标是在9个月内完成设计周期。</p><p style=\"text-align: justify;\">根据特斯拉此前公布的信息，AI5芯片的运算性能将达到2000—2500TOPS，约为当前HW4芯片性能的5倍，可支持更复杂的全自动驾驶（FSD）系统算法。</p><p style=\"text-align: justify;\">业内分析认为，该芯片的量产进度将直接影响特斯拉FSD功能的推广速度，并可能成为其机器人业务的关键支撑。</p><p style=\"text-align: justify;\">生产进度方面，AI5芯片样品及小规模部署计划于2026年推进，大规模量产预计在2027年完成。</p><p style=\"text-align: justify;\">在AI5芯片收尾之际，特斯拉已启动AI6芯片的早期研发工作，该芯片大概率将延续AI5的代工厂合作体系，后续计划由三星电子独家代工，且将采用模块化架构设计，与Dojo超级计算机芯片深度整合，实现车、机器人、超算生态的协同。</p><p style=\"text-align: justify;\">据此前报道，三星电子正在加快其在美国生产AI5芯片的准备工作，近期已为其客户工程团队招募了一批经验丰富的工程师。该团队将协助解决复杂的晶圆代工难题，稳定生产良率，并确保这一新项目的制造流程顺利推进。此次大规模招聘表明，特斯拉的AI5项目在三星内部正快速推进。</p><p style=\"text-align: justify;\">按照规划，AI6芯片预计于2028年推出，2028年中期实现大规模量产。</p><p style=\"text-align: justify;\">与此同时，<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>FSD也迎来了重大调整。</p><p style=\"text-align: justify;\">马斯克近日宣布特斯拉FSD将于2月14日起取消一次性买断，全面转向月度订阅制。</p><p style=\"text-align: justify;\">据悉，FSD的买断价格在美国市场为8000美元（约合人民币5.6万），中国市场则为6.4万元人民币，如今实行长达十年的一次性买断制将成为历史，FSD开始迈向SaaS（软件即服务）订阅时代。</p><p style=\"text-align: justify;\">马斯克曾透露，下一版本的FSD将全面实现完全自动驾驶，甚至还承认已经开始Robotaxi无人化测试。</p><p style=\"text-align: justify;\">FSD只租不卖意味着，特斯拉面对自动驾驶的战略正在发生巨大转变。</p><p style=\"text-align: justify;\">有分析指出，此举旨在降低FSD的使用门槛、提升渗透率并形成持续收入。</p></body></html>","source":"cszg","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>重启关键项目！马斯克宣布：AI5芯片设计完成，重启开发超级计算机项目Dojo 3</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; 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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重启关键项目！马斯克宣布：AI5芯片设计完成，重启开发超级计算机项目Dojo 3\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-19 16:09 北京时间&nbsp;&nbsp;&nbsp;<a href=https://mp.weixin.qq.com/s/KLJGZgxTQmT0Hs5rNUjBVA><strong>券商中国</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>马斯克迎来“关键一战”。特斯拉CEO埃隆·马斯克最新宣布，随着AI5芯片设计完成，特斯拉将重启超级计算机项目Dojo 3的开发。据悉，Dojo项目旨在通过自主研发的芯片和系统，为自动驾驶系统和人工智能模型提供强大的算力支持，减少对外部供应商的依赖。有分析人士认为，AI5芯片可支持更复杂的全自动驾驶（FSD）系统算法。该芯片的量产进度将直接影响特斯拉FSD功能的推广速度，并可能成为其机器人业务的关键...</p>\n\n<a href=\"https://mp.weixin.qq.com/s/KLJGZgxTQmT0Hs5rNUjBVA\">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/5f5b9ac2630f52b7fb53e5befd88586d","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://mp.weixin.qq.com/s/KLJGZgxTQmT0Hs5rNUjBVA","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114790101","content_text":"马斯克迎来“关键一战”。特斯拉CEO埃隆·马斯克最新宣布，随着AI5芯片设计完成，特斯拉将重启超级计算机项目Dojo 3的开发。据悉，Dojo项目旨在通过自主研发的芯片和系统，为自动驾驶系统和人工智能模型提供强大的算力支持，减少对外部供应商的依赖。有分析人士认为，AI5芯片可支持更复杂的全自动驾驶（FSD）系统算法。该芯片的量产进度将直接影响特斯拉FSD功能的推广速度，并可能成为其机器人业务的关键支撑。马斯克宣布1月19日消息，马斯克在社交平台X上发帖称，随着AI5芯片设计完成，特斯拉将重启超级计算机项目Dojo 3的开发。同时，他通过该帖发布了招聘信息，寻求对“研发世界上产量最高芯片”感兴趣的人才，并要求应征者用三个要点简述其解决过的关键技术难题。马斯克后续还发帖称：“解决AI5芯片问题对特斯拉来说至关重要，“因此我必须让两个团队都专注于这款芯片的研发，而且我本人也连续几个月每周六都投入其中”。马斯克表示，这将是一款非常强大的芯片：单颗SoC性能大致相当于英伟达Hopper级别，双芯配置则接近Blackwell级别，但成本极低，功耗也显著更低。如今AI5进展顺利，我们终于有了一些余力，可以重新启动Dojo3的研发工作了。回顾此前，2025年8月，曾有报道称，特斯拉已全面暂停Dojo项目，该项目负责人彼得·班农（Peter Bannon）离职。该决定一度被解读为特斯拉放弃自研自动驾驶芯片的计划。知情人士透露，暂停指令由马斯克亲自下达。当时，马斯克回复网友评论称，特斯拉分散资源并同时开发两种截然不同的AI芯片设计是没有意义的。特斯拉的AI5、AI6及后续芯片在推理方面将表现出色，至少在训练方面相当不错，所有努力都将集中在这些芯片上面。他还补充说，在超级计算机集群中，将多块AI5/AI6芯片集成于单块电路板上是合理的，无论是用于推理还是训练，仅此就能将网络布线的复杂度与成本降低几个数量级。Dojo项目最早在2019年被马斯克首次提及，便承载着特斯拉在人工智能领域的宏大愿景。其旨在通过自主研发的芯片和系统，为自动驾驶系统和人工智能模型提供强大的算力支持，减少对外部供应商的依赖。Dojo被视为特斯拉AI雄心的基石，有望在处理自动驾驶视频数据、优化神经网络模型方面带来显著性能提升。摩根士丹利曾估算，若Dojo全面投入使用，可能为特斯拉带来数十亿美元的潜在估值提升。自动驾驶的关键一战就在前不久，马斯克透露，特斯拉用于完全自动驾驶系统的AI5芯片已接近设计完成，而AI6芯片目前处于早期阶段，后续还将推出AI7、AI8、AI9，目标是在9个月内完成设计周期。根据特斯拉此前公布的信息，AI5芯片的运算性能将达到2000—2500TOPS，约为当前HW4芯片性能的5倍，可支持更复杂的全自动驾驶（FSD）系统算法。业内分析认为，该芯片的量产进度将直接影响特斯拉FSD功能的推广速度，并可能成为其机器人业务的关键支撑。生产进度方面，AI5芯片样品及小规模部署计划于2026年推进，大规模量产预计在2027年完成。在AI5芯片收尾之际，特斯拉已启动AI6芯片的早期研发工作，该芯片大概率将延续AI5的代工厂合作体系，后续计划由三星电子独家代工，且将采用模块化架构设计，与Dojo超级计算机芯片深度整合，实现车、机器人、超算生态的协同。据此前报道，三星电子正在加快其在美国生产AI5芯片的准备工作，近期已为其客户工程团队招募了一批经验丰富的工程师。该团队将协助解决复杂的晶圆代工难题，稳定生产良率，并确保这一新项目的制造流程顺利推进。此次大规模招聘表明，特斯拉的AI5项目在三星内部正快速推进。按照规划，AI6芯片预计于2028年推出，2028年中期实现大规模量产。与此同时，特斯拉FSD也迎来了重大调整。马斯克近日宣布特斯拉FSD将于2月14日起取消一次性买断，全面转向月度订阅制。据悉，FSD的买断价格在美国市场为8000美元（约合人民币5.6万），中国市场则为6.4万元人民币，如今实行长达十年的一次性买断制将成为历史，FSD开始迈向SaaS（软件即服务）订阅时代。马斯克曾透露，下一版本的FSD将全面实现完全自动驾驶，甚至还承认已经开始Robotaxi无人化测试。FSD只租不卖意味着，特斯拉面对自动驾驶的战略正在发生巨大转变。有分析指出，此举旨在降低FSD的使用门槛、提升渗透率并形成持续收入。","news_type":1,"symbols_score_info":{"TSLA":2}},"isVote":1,"tweetType":1,"viewCount":465,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}