When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000 ...

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000 ...

TMTB晨间综述 TMT 突破 2026年2⽉24⽇ 已付费PAID Anthropic 也将在今天美国东部时间上午 9:30 举办⽹络研讨会，重点介绍 Claude 的代 理功能，以⽀持企业⼯作流程。 | | TMT Pre-mkt Movers/Shakers | | | Futures | % | Al Subsectors | | TMT Subsectors | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Winners | | Losers | | SP500 | -0.03% | Memory Exposed | 1.82% | Profitable Secular Growth | 0.94% | | AMD | 9.0% | GRPN | -3.8% | Nasdaq | 0.26% | Optical | 1.73% | Strong Balance Sheet | 0.52% | | ANET | 5.2% | IMAX | -2.9% | Russell | 0.01% | Al Tech Bene ...

分析师 2: 好的，各位投资者，那个晚上好，欢迎大家参会。今天初八，启新程，祝各位投资者马年 开工大吉，万事马到成功，业绩定制长虹。今天光互联这个方向喜提开门红，我们认为是 这个产业逻辑和短期催化形成了一个共振。就关于这种技术路径的一个争议，也出区域， 一个平缓，所以各个细分方向的成长性这个之前相互压制的这样的一个恐慌，是有所放缓 了。同时，假期就春节假期，这个美股比如说像 AMD NVIDIA 还有 Coherent。A O I、 西雅娜等等这些光模块，或者说 CPO 相关的一些核心标的，也都大涨，都在 13%以上。 也给了这个今天 A 股光互联，就是普，这个普涨，也造，创造了一个比较好的一个条件。 下面我们主要来梳理一下，就是我们关于这个光互联这个板块，三个细分方向的一个划分 以及各自的这个逻辑观点和后后续这个走势的一个判断。首先我们先要介绍一下，就是我 们对于光互联，我们会按照这个不同的产品、不同的供应链和不同的逻辑，具体会划分成 三个细分的方向。分别是大光、小光和新光。那我们先来讲一下新光，新旧新旧的新。新 光其实主要是指这个 CPU、NPU、OCS 等等这些下一代光互联方案。 所涉及到的一些板块标的 ...

Citi Research Global Technology, Communications, Real Estate, Energy, and Industrials February 23, 2026 Data Center GAINs (Gen AI Names) Multi-Asset Strong Absorption Supports Solid 2026 and LT Data Center Demand | Equities | | | | | ABS | | --- | --- | --- | --- | --- | --- | | Michael Rollins, CFAAC +1 212 816-3116 | Heath TerryAC +1 212 723-4624 | Caitlyn Walsh caitlyn.walsh@citi.com | | | | | michael.rollins@citi.com | heath.terry@citi.com | | | | | | Siraj Ahmed AC | AC Scott Gruber | Andrew KaplowitzA ...

While the US continues to command a dominant share in global portfolios, questions around sustainability, overinvestment in AI, and stretched P/E multiples are prompting investors to reassess tactical allocations.In an interaction with Kshitij Anand of ETMarkets, He pointed to improving fundamentals across parts of Asia, compelling opportunities in India, South Korea and Indonesia, and a shifting sectoral mix in Europe — particularly manufacturing and defence — as reasons for potential diversification amid ...

Core Viewpoint - Amazon is planning to exit its office building at 1915 Terry Ave in Seattle, marking a significant shift in its real estate strategy after 12 years of occupancy during a period of growth [1][2]. Group 1: Office Space and Relocation - The company confirmed it will not renew its lease for the 251,000-square-foot building, which it has occupied since 2014, and plans to relocate employees to other offices by the end of May [1][4]. - Amazon has not disclosed the number of employees currently working in the building, but it employs approximately 50,000 corporate and tech employees in Seattle [4]. Group 2: Real Estate Strategy - Since 2020, Amazon has relinquished over 1 million square feet of office space in Seattle, primarily in the Denny Triangle area [5]. - The company is expanding its presence in Bellevue, across Lake Washington, where it has opened new office buildings and plans to employ 25,000 people as part of its regional headquarters [5].

Investment Rating - The report maintains an "Overweight" rating for the semiconductor industry [1] Core Insights - The storage supercycle remains a key theme for the semiconductor industry in 2026, driven by strong demand and limited supply [20][21] - Major technology companies are increasing their capital expenditure (Capex) forecasts, which supports the positive outlook for the storage market [22] - The report highlights the importance of advanced packaging and the potential for new technologies like CPO (Chiplet Packaging Optimization) to enhance system performance [15][14] Summary by Sections Storage Market - The storage market is entering a seller's market characterized by rising prices and demand, with DRAM ASPs increasing approximately 40% for Samsung and 20% for SK Hynix in Q4 2025 [4][20] - The report anticipates that DRAM prices will continue to rise in Q1 2026, with a forecasted increase of 90-95% for conventional DRAM [25] - Supply constraints are expected to persist, with capital expenditures focused on HBM and advanced processes rather than broad capacity expansion [21][4] Advanced Packaging - Advanced packaging is becoming a critical area of focus, with companies like Intel and Samsung investing in 2.5D/3D packaging technologies [14] - The demand for advanced packaging is expected to grow as cloud service providers increase their capital expenditures and accelerate in-house chip development [15] CPO (Chiplet Packaging Optimization) - CPO is projected to gain traction, with NVIDIA showcasing its CPO solutions that significantly enhance system-level efficiency [15] - The report notes that CPO applications are expected to transition from scale-out to scale-up, improving bandwidth density and energy efficiency [15] Capital Expenditure Trends - North American tech giants are significantly increasing their Capex forecasts for 2026, with estimates reaching approximately $655 billion, a 60% year-over-year increase [22] - This increase in Capex is expected to support ongoing demand for high-performance storage solutions and AI applications [22][24]

前二十大仓位一览 来源：中文投资网 根据最新披露的13F文件显示，伯克希尔·哈撒韦Berkshire Hathaway在沃伦·巴菲特卸任CEO前的最后一 个季度（2025年Q4）依然是股票净卖方。公司继续大幅减持苹果（AAPL）和美国银行（BAC），几乎 清仓亚马逊（AMZN），同时显著增持雪佛龙（CVX）和Chubb（CB），并新建纽约时报（NYT）小 额仓位。截至季度末，公司股票投资组合总市值约为2741.6亿美元。 这是95岁的巴菲特在正式卸任CEO后留下的最后一份持仓成绩单。他于2026年初将CEO职位交棒给Greg Abel，而公司的现金储备在第三季度末已膨胀至创纪录的3816亿美元，因市场的高估值令巴菲特始终难 觅合适的"象级"并购机会。 PART.01 前五大重仓股为： Apple Inc.（22.6%） American Express（20.46%） Bank of America（10.38%） The Coca-Cola Company（10.20%） Chevron Corporation（7.24%） 从行业分布来看，金融板块以40.92%的占比高居首位，科技板块以24.64%位列第 ...

②大型科技股多数上涨，AMD涨超8%，英特尔涨超5%，特斯拉、奈飞、苹果涨超2%，微软、亚马逊 涨逾1%，英伟达、Meta小幅上涨，谷歌小幅下跌； ③中概股多数上涨，万国数据涨超6%，世纪互联涨逾6%，小鹏汽车涨超6%，大全新能源涨逾6%，晶 科能源涨近5%，霸王茶姬涨近5%，金山云涨超4%，好未来涨逾3%。跌幅方面，禾赛科技跌超2%，再 鼎医药跌逾1%，小马智行跌超1%； ①美国三大股指全线收涨，道指涨0.76%报49174.5点，标普500指数涨0.77%报6890.07点，纳指涨1.04% 报22863.68点； ⑦纽约尾盘，美元指数涨0.17%报97.90，离岸人民币对美元上涨95.0个基点报6.8798； ⑧伦敦基本金属全线上涨，LME期锡涨5.41%报50300.0美元/吨，LME期镍涨3.66%报17915.0美元/吨， LME期铜涨2.54%报13195.0美元/吨，LME期锌涨0.98%报3387.5美元/吨，LME期铝涨0.68%报3110.5美 元/吨，LME期铅涨0.44%报1959.5美元/吨； ⑨美债收益率涨跌不一，2年期美债收益率涨2.73个基点报3.461%，3年期美债收益率涨 ...