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Link陛下
IP属地:浙江
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Link陛下
Link陛下
·
09-22
阿里吹牛逼文化是第一的,"让天下没有难做的生意"
蔡崇信云栖大会发声:AI竞争进入“智以致用”时代,全栈能力加速产业落地
新浪科技讯 9月22日上午消息,今日举办的2026云栖大会上,阿里巴巴集团主席蔡崇信围绕本届大会主题“智以致用”,阐释阿里对AI产业发展的核心判断,强调AI发展重心应当从技术想象转向真实场景规模化落地 。蔡崇信表示,阿里巴巴坚定布局五层全栈AI体系,覆盖芯片、云基础设施、大模型、模型服务到智能体应用,各环节协同打通,把技术快速转化为产业实效。技术不会自动产生价值,只有扎根产业、联合伙伴,才能释放AI生产力。
蔡崇信云栖大会发声:AI竞争进入“智以致用”时代,全栈能力加速产业落地
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Link陛下
Link陛下
·
03-19
应该裁员,而且要快
阿里巴巴第三财季营收2848.4亿元,调整后净利润同比下滑67%
调整后息税折旧及摊销前利润340.6亿元。
阿里巴巴第三财季营收2848.4亿元,调整后净利润同比下滑67%
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Link陛下
Link陛下
·
2025-11-28
真金白银支持
多家银行商谈再向甲骨文、VANTAGE提供380亿美元贷款
资助其为OpenAI建设更多数据中心。
多家银行商谈再向甲骨文、VANTAGE提供380亿美元贷款
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Link陛下
Link陛下
·
2025-11-21
$苹果(AAPL)$
$台积电(TSM)$
$礼来(LLY)$
立贴为誓,在盈利有限或者亏损情况下。高风险票不碰。10年内这三家公司依旧是行业头部
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Link陛下
Link陛下
·
2025-11-11
那英伟达是不是更要卖爆了
“大空头”切换“战斗模式”!Burry:科技巨头“低估折旧导致利润虚高”
"大空头"Michael Burry指出AI芯片等设备实际寿命仅2-3年,但部分公司将折旧周期延长至6年。他预计从2026到2028年,大型科技公司将因低估折旧而虚增1760亿美元的利润。摩根士丹利和美银也曾发出警告,未来折旧费用激增将严重冲击科技巨头盈利能力。
“大空头”切换“战斗模式”!Burry:科技巨头“低估折旧导致利润虚高”
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Link陛下
Link陛下
·
2025-10-20
不怕死的知道怎么选的
小米YU7销量直追特斯拉Model Y
特斯拉Model Y以292843辆零售量稳居榜首,小米YU7凭借47193辆销量跃居次席,蔚来ES6则以35076辆位列第三。9月单月数据中,Model Y仍以51173辆领跑,小米YU7以22369辆紧随其后,理想i8以5716辆位居第三。小米YU7的市场表现尤为值得关注。作为新晋选手,其1-9月累计销量已达Model Y的16.1%,9月单月销量更达到Model Y的43.7%,显示出强劲的追赶势头。小米YU7的崛起,不仅印证了中国车企在高端新能源市场的突破能力,更预示着全球新能源汽车市场格局或将迎来深刻变革。
小米YU7销量直追特斯拉Model Y
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Link陛下
Link陛下
·
2025-10-06
嫦娥应悔偷灵药,碧海青天夜夜心。应该永远不碰医药股吧[流泪]
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Link陛下
Link陛下
·
2025-09-30
自己是铁公鸡一个不建,来擦边别人的
小米汽充电地图已覆盖超过150万个充电桩
9月29日,小米汽车宣布其充电地图已覆盖超过150万个充电桩,其中包含12万个超充桩和120万个直流快充桩。用户可通过小米汽车App实时查看合作充电站的充电桩状态、功率和价格等信息,并支持扫码充电和支付结算功能。小米汽车已与26家行业内优质运营商达成合作,包括蔚来能源和理想汽车等品牌,部分运营商如蔚来还支持即插即充服务。此外,小米推出了积分抵扣充电服务费的优惠活动,用户开通App功能后,1度电最低仅需0.2元,覆盖约130万个充电桩。 小米优选站还提供“跳枪必赔”权益,覆盖约15万个充电桩,跳枪事件可获赔60积分。该活动时间为9月29日至12月30日。
小米汽充电地图已覆盖超过150万个充电桩
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Link陛下
Link陛下
·
2025-09-26
这算什么?别人的就是自己的,自己不建还标榜自己?
雷军立2025年FLAG:要成为“公用桩充电之王”
[汽车之家资讯] 日前,雷军在社交媒体上表示,小米汽车充电无忧已和13家行业内优质运营商达成充电补能网络合作,超过102万充电桩入驻“小米充电地图”,覆盖了365个城市。我们今年的Flag,要成为“公用桩充电之王”。小米汽车用户打开充电地图,可查看合作场站的动态数据,包括忙闲状态、功率、价格时段、占位费、停车费用等。目前,小米汽车可使用的充电桩超102万根,直流快充桩超80万根,覆盖365个城市,覆盖88.1%的高速服务区。(编译/汽车之家 秦超)
雷军立2025年FLAG:要成为“公用桩充电之王”
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Link陛下
Link陛下
·
2025-08-29
丢人丢到国外去了
罕见!苹果、三星同时向小米发法律通知:要求停止争议营销
快科技8月29日消息,据印度媒体报道,苹果、三星两家手机巨头罕见同时向小米发出法律通知,要求停止争议营销。据悉,此前小米在印度投放的广告中,直接将其最新旗舰机型与苹果、三星的产品进行对比。据知情人士透露,苹果与三星均已发出禁止令通知,反对小米在营销活动中存在的 “贬低性内容”。不过,小米目前尚未对此事作出回应。苹果与三星认为,此类广告已超出公平竞争范畴,且可能损害其高端品牌形象。
罕见!苹果、三星同时向小米发法律通知:要求停止争议营销
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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蔡崇信云栖大会发声:AI竞争进入“智以致用”时代,全栈能力加速产业落地\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-09-22 10:04 北京时间 <a href=https://finance.sina.com.cn/tech/shenji/2026-09-22/doc-inissitf7029329.shtml><strong>新浪科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>9月22日上午消息,今日举办的2026云栖大会上,阿里巴巴集团主席蔡崇信围绕本届大会主题“智以致用”,阐释阿里对AI产业发展的核心判断,强调AI发展重心应当从技术想象转向真实场景规模化落地 。蔡崇信回顾,阿里云诞生已有17年,云栖大会从一场开发者盛会,成长为中国对接全球的重要科技交流平台,杭州的创新土壤始终滋养阿里的技术探索。在AI浪潮之下,行业见证大模型、具身智能、世界模型接连实现技术突破。但...</p>\n\n<a href=\"https://finance.sina.com.cn/tech/shenji/2026-09-22/doc-inissitf7029329.shtml\">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/ca857a703f53cb59af478cc3a3bf3273","relate_stocks":{"89988":"阿里巴巴-WR","LU0329678170.USD":"FIDELITY EMERGING ASIA \"A\" (USD) INC","LU0862451753.SGD":"JPMorgan Funds - Emerging Markets Dividend A (mth) SGD","LU1282651048.USD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AMG\" (USD) INC","LU0329678337.USD":"FIDELITY EMERGING ASIA \"A\" (USD)","LU0181495838.USD":"施罗德新兴亚洲A Acc","LU0456827905.SGD":"JPMorgan Funds - China A (acc) SGD","LDEM":"iShares ESG MSCI EM Leaders ETF","LU0348784397.USD":"ALLIANZ ORIENTAL INCOME \"A\" (USD) ACC","SG9999001093.SGD":"United Greater China Fund A Acc SGD","HK0000151867.HKD":"JPMORGAN ASIA EQUITY DIVIDEND (HKD) INC","LU0128522744.USD":"TEMPLETON EMERGING MARKETS \"A\" ACC","LU0197773160.USD":"HSBC GIF ASIA PACIF EX JAPAN EQ HD \"AC\" ACC","LU2039709279.SGD":"MANULIFE GF 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QV"},"source_url":"https://finance.sina.com.cn/tech/shenji/2026-09-22/doc-inissitf7029329.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2669219787","content_text":"9月22日上午消息,今日举办的2026云栖大会上,阿里巴巴集团主席蔡崇信围绕本届大会主题“智以致用”,阐释阿里对AI产业发展的核心判断,强调AI发展重心应当从技术想象转向真实场景规模化落地 。蔡崇信回顾,阿里云诞生已有17年,云栖大会从一场开发者盛会,成长为中国对接全球的重要科技交流平台,杭州的创新土壤始终滋养阿里的技术探索。在AI浪潮之下,行业见证大模型、具身智能、世界模型接连实现技术突破。但技术只是起点,AI真正的意义在于落地千行百业,切实提升社会生产力。蔡崇信表示,阿里巴巴坚定布局五层全栈AI体系,覆盖芯片、云基础设施、大模型、模型服务到智能体应用,各环节协同打通,把技术快速转化为产业实效。面对全球市场的不确定性,蔡崇信提出,越是复杂环境,越要坚持开放合作与务实创新。技术不会自动产生价值,只有扎根产业、联合伙伴,才能释放AI生产力。","news_type":1,"symbols_score_info":{"89988":0.6,"BKF":0.6,"LDEM":0.6,"HBBD.SI":0.6,"BABA":1.95,"ALBmain":0.6,"FDNI":0.6,"CXSE":0.6,"KWEB":0.6,"09988":1.95}},"isVote":1,"tweetType":1,"viewCount":117,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":544322744111176,"gmtCreate":1773916862007,"gmtModify":1773916864588,"author":{"id":"4122900171752230","authorId":"4122900171752230","name":"Link陛下","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4122900171752230","authorIdStr":"4122900171752230"},"themes":[],"title":"","htmlText":"应该裁员,而且要快","listText":"应该裁员,而且要快","text":"应该裁员,而且要快","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/544322744111176","repostId":"1108619400","repostType":2,"repost":{"id":"1108619400","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":1773912889,"share":"https://www.laohunote.com/m/news/1108619400?lang=zh_CN&edition=full","pubTime":"2026-03-19 17:34","market":"hk","language":"zh","title":"阿里巴巴第三财季营收2848.4亿元,调整后净利润同比下滑67%","url":"https://stock-news.laohu8.com/highlight/detail?id=1108619400","media":"老虎资讯综合","summary":"调整后息税折旧及摊销前利润340.6亿元。","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a> 第三财季营收2848.4亿元人民币,若不考虑银泰和高鑫零售的已处置业务收入,同比增长9%,预估2897.9亿元。</p><h4 id=\"4\">即时零售与用户体验投入拉低利润率,第三财季经营利润率跌至4%</h4><ul style=\"\"><li><p>营业利润:106.45亿元,同比-74%(经营利润率4%,上年同期15%)</p></li><li><p>调整后EBITA:233.97亿元,同比-57%(调整后EBITA利润率8%,上年同期20%)</p></li><li><p>净利润:156.31亿元,同比-66%</p></li><li><p>非GAAP净利润:167.10亿元,同比-67%</p></li></ul><p style=\"text-align: justify;\">利润下滑的核心原因在于“战略性加码开支”:即时零售扩张、用户体验改造与技术投入增加,部分被云业务增长与经营效率改善抵消。分部调整后EBITA也清晰反映了“云赚到的钱被新战场花掉”:</p><ul style=\"\"><li><p>中国电商集团调整后EBITA:346.13亿元,同比-43%</p></li><li><p>国际数字商业调整后EBITA:-20.16亿元(上年同期-49.52亿元,亏损显著收窄)</p></li><li><p>云智能集团调整后EBITA:39.11亿元,同比+25%</p></li><li><p>其他业务调整后EBITA:-97.92亿元(上年同期-31.76亿元,亏损扩大)</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/962510f85c5a4792dab2f87c8062e7fb\" title=\"\" tg-width=\"1080\" tg-height=\"1080\"/></p><h4 id=\"id_1528525031\">即时零售规模扩大 AIDC持续提升效率</h4><p style=\"text-align: start;\">阿里巴巴中国电商集团收入同比增长6%至1,593.47亿元,凭借稳健用户增长,持续巩固竞争优势。本季度,淘宝app月活跃消费者实现同比双位数提升,而88VIP会员数量持续同比双位数增长,超过5,900万。本季度,即时零售业务规模进一步扩大,提升用户体验,优化运营效率。受惠于履约物流效率的提升、订单结构改善及高客户留存率,即时零售业务收入同比升56%,单位经济效益和笔单价持续环比改善。</p><h4 id=\"id_3955514224\">AI相关产品收入保持强劲势头 实现连续第十个季度的三位数同比增长</h4><p style=\"text-align: start;\">阿里云本季度收入同比增长36%至432.84亿元,AI相关产品收入连续第十个季度保持同比三位数增长;管理层称MaaS(Model-as-a-Service)平台增长强劲,正成为带动云业务的新引擎。</p><p style=\"text-align: start;\">消费端,千问 app深度接入淘天、即时零售、高德、飞猪、支付宝等生态服务,推动“从对话到任务执行”的AI Agent落地,2月全平台月活已突破3亿。</p><h4 id=\"id_3681387541\">平头哥业务规模迅速扩大</h4><p style=\"text-align: start;\">阿里巴巴表示,平头哥半导体有限公司作为我们的芯片设计子公司,其自主研发的GPU已实现规模化量产,支持从训练、微调到推理的端到端AI工作负载。该产品兼容主流AI框架,增强了我们算力的长期供给能力,并结合千问模型和云计算,对外提供高性价比的AI服务。该业务规模迅速扩大,现已为我们的云基础设施供应带来实质性贡献。</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>阿里巴巴第三财季营收2848.4亿元,调整后净利润同比下滑67%</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{ 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{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阿里巴巴第三财季营收2848.4亿元,调整后净利润同比下滑67%\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\">2026-03-19 17:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a> 第三财季营收2848.4亿元人民币,若不考虑银泰和高鑫零售的已处置业务收入,同比增长9%,预估2897.9亿元。</p><h4 id=\"4\">即时零售与用户体验投入拉低利润率,第三财季经营利润率跌至4%</h4><ul style=\"\"><li><p>营业利润:106.45亿元,同比-74%(经营利润率4%,上年同期15%)</p></li><li><p>调整后EBITA:233.97亿元,同比-57%(调整后EBITA利润率8%,上年同期20%)</p></li><li><p>净利润:156.31亿元,同比-66%</p></li><li><p>非GAAP净利润:167.10亿元,同比-67%</p></li></ul><p style=\"text-align: justify;\">利润下滑的核心原因在于“战略性加码开支”:即时零售扩张、用户体验改造与技术投入增加,部分被云业务增长与经营效率改善抵消。分部调整后EBITA也清晰反映了“云赚到的钱被新战场花掉”:</p><ul style=\"\"><li><p>中国电商集团调整后EBITA:346.13亿元,同比-43%</p></li><li><p>国际数字商业调整后EBITA:-20.16亿元(上年同期-49.52亿元,亏损显著收窄)</p></li><li><p>云智能集团调整后EBITA:39.11亿元,同比+25%</p></li><li><p>其他业务调整后EBITA:-97.92亿元(上年同期-31.76亿元,亏损扩大)</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/962510f85c5a4792dab2f87c8062e7fb\" title=\"\" tg-width=\"1080\" tg-height=\"1080\"/></p><h4 id=\"id_1528525031\">即时零售规模扩大 AIDC持续提升效率</h4><p style=\"text-align: start;\">阿里巴巴中国电商集团收入同比增长6%至1,593.47亿元,凭借稳健用户增长,持续巩固竞争优势。本季度,淘宝app月活跃消费者实现同比双位数提升,而88VIP会员数量持续同比双位数增长,超过5,900万。本季度,即时零售业务规模进一步扩大,提升用户体验,优化运营效率。受惠于履约物流效率的提升、订单结构改善及高客户留存率,即时零售业务收入同比升56%,单位经济效益和笔单价持续环比改善。</p><h4 id=\"id_3955514224\">AI相关产品收入保持强劲势头 实现连续第十个季度的三位数同比增长</h4><p style=\"text-align: start;\">阿里云本季度收入同比增长36%至432.84亿元,AI相关产品收入连续第十个季度保持同比三位数增长;管理层称MaaS(Model-as-a-Service)平台增长强劲,正成为带动云业务的新引擎。</p><p style=\"text-align: start;\">消费端,千问 app深度接入淘天、即时零售、高德、飞猪、支付宝等生态服务,推动“从对话到任务执行”的AI Agent落地,2月全平台月活已突破3亿。</p><h4 id=\"id_3681387541\">平头哥业务规模迅速扩大</h4><p style=\"text-align: start;\">阿里巴巴表示,平头哥半导体有限公司作为我们的芯片设计子公司,其自主研发的GPU已实现规模化量产,支持从训练、微调到推理的端到端AI工作负载。该产品兼容主流AI框架,增强了我们算力的长期供给能力,并结合千问模型和云计算,对外提供高性价比的AI服务。该业务规模迅速扩大,现已为我们的云基础设施供应带来实质性贡献。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/d752152b73947ff2f4b1c08ab9eecc39","relate_stocks":{"BABW":"Roundhill BABA WeeklyPay ETF","BBYY":"GraniteShares YieldBOOST BABA ETF","BABO":"BABA期权收益策略ETF-YieldMax","KBAB":"2倍做多BABA ETF-KraneShares","BABX":"2倍做多BABA ETF-GraniteShares","09988":"阿里巴巴-W","BABU":"Direxion Daily BABA Bull 2X ETF","BABA":"阿里巴巴"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108619400","content_text":"阿里巴巴 第三财季营收2848.4亿元人民币,若不考虑银泰和高鑫零售的已处置业务收入,同比增长9%,预估2897.9亿元。即时零售与用户体验投入拉低利润率,第三财季经营利润率跌至4%营业利润:106.45亿元,同比-74%(经营利润率4%,上年同期15%)调整后EBITA:233.97亿元,同比-57%(调整后EBITA利润率8%,上年同期20%)净利润:156.31亿元,同比-66%非GAAP净利润:167.10亿元,同比-67%利润下滑的核心原因在于“战略性加码开支”:即时零售扩张、用户体验改造与技术投入增加,部分被云业务增长与经营效率改善抵消。分部调整后EBITA也清晰反映了“云赚到的钱被新战场花掉”:中国电商集团调整后EBITA:346.13亿元,同比-43%国际数字商业调整后EBITA:-20.16亿元(上年同期-49.52亿元,亏损显著收窄)云智能集团调整后EBITA:39.11亿元,同比+25%其他业务调整后EBITA:-97.92亿元(上年同期-31.76亿元,亏损扩大)即时零售规模扩大 AIDC持续提升效率阿里巴巴中国电商集团收入同比增长6%至1,593.47亿元,凭借稳健用户增长,持续巩固竞争优势。本季度,淘宝app月活跃消费者实现同比双位数提升,而88VIP会员数量持续同比双位数增长,超过5,900万。本季度,即时零售业务规模进一步扩大,提升用户体验,优化运营效率。受惠于履约物流效率的提升、订单结构改善及高客户留存率,即时零售业务收入同比升56%,单位经济效益和笔单价持续环比改善。AI相关产品收入保持强劲势头 实现连续第十个季度的三位数同比增长阿里云本季度收入同比增长36%至432.84亿元,AI相关产品收入连续第十个季度保持同比三位数增长;管理层称MaaS(Model-as-a-Service)平台增长强劲,正成为带动云业务的新引擎。消费端,千问 app深度接入淘天、即时零售、高德、飞猪、支付宝等生态服务,推动“从对话到任务执行”的AI Agent落地,2月全平台月活已突破3亿。平头哥业务规模迅速扩大阿里巴巴表示,平头哥半导体有限公司作为我们的芯片设计子公司,其自主研发的GPU已实现规模化量产,支持从训练、微调到推理的端到端AI工作负载。该产品兼容主流AI框架,增强了我们算力的长期供给能力,并结合千问模型和云计算,对外提供高性价比的AI服务。该业务规模迅速扩大,现已为我们的云基础设施供应带来实质性贡献。","news_type":1,"symbols_score_info":{"BABW":2,"09988":2.1,"BABU":2,"BABA":2.1,"KBAB":2,"BBYY":2,"BABO":2,"BABX":2}},"isVote":1,"tweetType":1,"viewCount":1606,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":505043532304656,"gmtCreate":1764320109063,"gmtModify":1764320114425,"author":{"id":"4122900171752230","authorId":"4122900171752230","name":"Link陛下","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4122900171752230","authorIdStr":"4122900171752230"},"themes":[],"title":"","htmlText":"真金白银支持","listText":"真金白银支持","text":"真金白银支持","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/505043532304656","repostId":"1122965408","repostType":4,"repost":{"id":"1122965408","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":1764314475,"share":"https://www.laohunote.com/m/news/1122965408?lang=zh_CN&edition=full","pubTime":"2025-11-28 15:21","market":"us","language":"zh","title":"多家银行商谈再向甲骨文、VANTAGE提供380亿美元贷款","url":"https://stock-news.laohu8.com/highlight/detail?id=1122965408","media":"老虎资讯综合","summary":"资助其为OpenAI建设更多数据中心。","content":"<html><head></head><body><p>据英国金融时报:多家银行正商谈再向 <a href=\"https://laohu8.com/S/ORCL\">甲骨文</a> 和数据中心建设商VANTAGE提供380亿美元贷款,以资助其为OpenAI建设更多数据中心。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5a8580cba23860abfdac20344f38e605\" tg-width=\"560\" tg-height=\"240\"/></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>多家银行商谈再向甲骨文、VANTAGE提供380亿美元贷款</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; 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href=\"https://laohu8.com/S/ORCL\">甲骨文</a> 和数据中心建设商VANTAGE提供380亿美元贷款,以资助其为OpenAI建设更多数据中心。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5a8580cba23860abfdac20344f38e605\" tg-width=\"560\" tg-height=\"240\"/></p><p></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":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122965408","content_text":"据英国金融时报:多家银行正商谈再向 甲骨文 和数据中心建设商VANTAGE提供380亿美元贷款,以资助其为OpenAI建设更多数据中心。","news_type":1,"symbols_score_info":{"ORCL":2}},"isVote":1,"tweetType":1,"viewCount":2548,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":502563470332816,"gmtCreate":1763715155985,"gmtModify":1763715157903,"author":{"id":"4122900171752230","authorId":"4122900171752230","name":"Link陛下","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4122900171752230","authorIdStr":"4122900171752230"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$苹果(AAPL)$ </a><v-v data-views=\"1\"></v-v> <a href=\"https://laohu8.com/S/TSM\">$台积电(TSM)$ </a><v-v data-views=\"1\"></v-v> <a href=\"https://laohu8.com/S/LLY\">$礼来(LLY)$ </a><v-v data-views=\"1\"></v-v> 立贴为誓,在盈利有限或者亏损情况下。高风险票不碰。10年内这三家公司依旧是行业头部","listText":"<a href=\"https://laohu8.com/S/AAPL\">$苹果(AAPL)$ </a><v-v data-views=\"1\"></v-v> <a href=\"https://laohu8.com/S/TSM\">$台积电(TSM)$ </a><v-v data-views=\"1\"></v-v> <a href=\"https://laohu8.com/S/LLY\">$礼来(LLY)$ </a><v-v data-views=\"1\"></v-v> 立贴为誓,在盈利有限或者亏损情况下。高风险票不碰。10年内这三家公司依旧是行业头部","text":"$苹果(AAPL)$ $台积电(TSM)$ $礼来(LLY)$ 立贴为誓,在盈利有限或者亏损情况下。高风险票不碰。10年内这三家公司依旧是行业头部","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/502563470332816","isVote":1,"tweetType":1,"viewCount":6201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":499070733615256,"gmtCreate":1762869074040,"gmtModify":1762869076413,"author":{"id":"4122900171752230","authorId":"4122900171752230","name":"Link陛下","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4122900171752230","authorIdStr":"4122900171752230"},"themes":[],"title":"","htmlText":"那英伟达是不是更要卖爆了","listText":"那英伟达是不是更要卖爆了","text":"那英伟达是不是更要卖爆了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/499070733615256","repostId":"2582333868","repostType":2,"repost":{"id":"2582333868","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":1762829144,"share":"https://www.laohunote.com/m/news/2582333868?lang=zh_CN&edition=full","pubTime":"2025-11-11 10:45","market":"nz","language":"zh","title":"“大空头”切换“战斗模式”!Burry:科技巨头“低估折旧导致利润虚高”","url":"https://stock-news.laohu8.com/highlight/detail?id=2582333868","media":"华尔街见闻","summary":"\"大空头\"Michael Burry指出AI芯片等设备实际寿命仅2-3年,但部分公司将折旧周期延长至6年。他预计从2026到2028年,大型科技公司将因低估折旧而虚增1760亿美元的利润。摩根士丹利和美银也曾发出警告,未来折旧费用激增将严重冲击科技巨头盈利能力。","content":"<html><head></head><body><blockquote><p>"大空头"Michael Burry指出AI芯片等设备实际寿命仅2-3年,但部分公司将折旧周期延长至6年。他预计从2026到2028年,大型科技公司将因低估折旧而虚增1760亿美元的利润。摩根士丹利和美银也曾发出警告,未来折旧费用激增将严重冲击科技巨头盈利能力。</p></blockquote><p style=\"text-align: left;\">以预测2008年金融危机而闻名的“大空头”Michael Burry再次将矛头对准科技巨头。</p><p style=\"text-align: left;\">11月11日,Michael Burry在其社交平台发帖称,<strong>科技巨头通过延长资产的“有效使用寿命”来低估折旧,从而人为地抬高收益</strong>。<strong>他估计从2026年到2028年,大型科技公司将因低估折旧而虚增1760亿美元的利润。</strong></p><p style=\"text-align: left;\">Burry承诺将在11月25日披露更多细节。他特别指出,<strong>到2028年,甲骨文的利润可能被夸大26.9%,而Meta的利润可能被夸大20.8%。</strong></p><p style=\"text-align: left;\">值得注意的是,此前他曾披露持有英伟达和Palantir看跌期权,这再度引发市场对其看空AI行业立场的关注。</p><p style=\"text-align: left;\">此前,摩根士丹利和美国银行等华尔街投行也已发出警告,认为<strong>市场严重低估了当前AI投资的真实规模,且对未来折旧费用的冲击准备不足,这可能导致科技巨头的真实盈利能力远低于市场预期。</strong></p><h2 id=\"efffd80b\">会计“戏法”,延长硬件寿命以平滑成本</h2><p style=\"text-align: justify;\">Burry认为科技巨头正在会计处理上玩“把戏”。</p><p style=\"text-align: justify;\">他在其X平台的帖子中指出,科技巨头们通过延长资产的“有效使用寿命”来低估折旧,从而人为地抬高收益,而这是“现代最常见的欺诈之一”。</p><p style=\"text-align: justify;\">他认为,<strong>在科技公司大规模采购英伟达芯片和服务器以扩充算力的背景下,这些通常只有2至3年产品周期的计算设备,其折旧年限不应被延长。</strong></p><p style=\"text-align: justify;\">然而,包括Meta、Alphabet、微软、甲骨文和亚马逊在内的“超大规模”玩家们却正是这么做的,一些公司甚至将折旧周期延长至6年。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ad289aa18c6e902f42ae0de3dac53393\" tg-width=\"891\" tg-height=\"411\"/></p><p>(科技巨头每年关于服务器和网络设备的预计使用寿命)</p><p style=\"text-align: justify;\">不过,亚马逊在2025年第一季度已将部分服务器和网络设备的预计使用寿命从六年缩短至五年,理由正是AI技术发展的加速。</p><p style=\"text-align: justify;\"><strong>一旦这种趋势逆转并扩大,将导致折旧费用被加速确认,对短期盈利造成冲击。</strong></p><h2 id=\"3f62a55b\">折旧“定时炸弹”,市场尚未消化未来的盈利冲击</h2><p style=\"text-align: justify;\"><strong>此前美银也曾认为,华尔街对未来折旧费用的增长速度“反应迟钝”。</strong></p><p style=\"text-align: justify;\"><strong>美银分析师Justin Post在报告中指出,随着谷歌、Meta和亚马逊的资本支出在2024年和2025年大幅增长,其折旧费用必然会在2026年后加速。</strong></p><p style=\"text-align: justify;\">据其测算,到2027年,仅这三家公司的折旧费用,<strong>市场普遍预测就可能比实际情况低了近164亿美元,这意味着它们未来的实际盈利能力或远低于当前的市场共识。</strong></p><p style=\"text-align: justify;\"><strong>此外,AI资产的“短寿”问题加剧了这一风险。</strong>用于AI计算的GPU等硬件技术迭代快、负荷高,有效寿命可能仅为三到五年。这一趋势与科技巨头延长设备使用年限的做法背道而驰。</p><h2 id=\"a34dfe99\">华尔街的警钟,被低估的资本开支与“表外”扩张</h2><p style=\"text-align: justify;\">摩根士丹利的研究则强调科技巨头AI资本开支强度正逼近互联网泡沫时期的峰值水平,但公开数据并未完全反映投资全貌。</p><p style=\"text-align: justify;\"><strong>摩根士丹利强调,两大因素导致了实际投资规模被低估。</strong></p><p style=\"text-align: justify;\"><strong>首先</strong>是融资租赁的兴起。微软和甲骨文等公司正越来越多地通过此种“表外”工具建设数据中心,其初始投资不计入传统的资本支出。</p><p style=\"text-align: justify;\">据该行估算,计入融资租赁后,微软2026财年的资本支出与销售额之比将从28%跃升至38%。</p><p style=\"text-align: justify;\"><strong>其次</strong>是“在建工程(CIP)”的延迟效应,大量已支出的资本沉淀在资产负债表上,尚未开始计提折旧,其对利润的冲击才刚刚开始。</p><p style=\"text-align: justify;\">美国银行则警告称,<strong>AI基础设施市场可能重演历史上因激进投资导致产能过剩和价格战的模式</strong>。</p><p style=\"text-align: justify;\"><strong>美银认为,如果供应增长持续超过需求,最早在2027年,行业内可能会爆发更激进的定价策略</strong>。</p><p style=\"text-align: justify;\"><strong>届时,为了维持数据中心的利用率,超大规模厂商可能被迫降价,从而侵蚀其盈利能力。这一预测,也为Burry关于科技巨头盈利能力虚高的观点提供了另一层面的佐证。</strong></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>“大空头”切换“战斗模式”!Burry:科技巨头“低估折旧导致利润虚高”</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“大空头”切换“战斗模式”!Burry:科技巨头“低估折旧导致利润虚高”\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\">2025-11-11 10:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><blockquote><p>"大空头"Michael Burry指出AI芯片等设备实际寿命仅2-3年,但部分公司将折旧周期延长至6年。他预计从2026到2028年,大型科技公司将因低估折旧而虚增1760亿美元的利润。摩根士丹利和美银也曾发出警告,未来折旧费用激增将严重冲击科技巨头盈利能力。</p></blockquote><p style=\"text-align: left;\">以预测2008年金融危机而闻名的“大空头”Michael Burry再次将矛头对准科技巨头。</p><p style=\"text-align: left;\">11月11日,Michael Burry在其社交平台发帖称,<strong>科技巨头通过延长资产的“有效使用寿命”来低估折旧,从而人为地抬高收益</strong>。<strong>他估计从2026年到2028年,大型科技公司将因低估折旧而虚增1760亿美元的利润。</strong></p><p style=\"text-align: left;\">Burry承诺将在11月25日披露更多细节。他特别指出,<strong>到2028年,甲骨文的利润可能被夸大26.9%,而Meta的利润可能被夸大20.8%。</strong></p><p style=\"text-align: left;\">值得注意的是,此前他曾披露持有英伟达和Palantir看跌期权,这再度引发市场对其看空AI行业立场的关注。</p><p style=\"text-align: left;\">此前,摩根士丹利和美国银行等华尔街投行也已发出警告,认为<strong>市场严重低估了当前AI投资的真实规模,且对未来折旧费用的冲击准备不足,这可能导致科技巨头的真实盈利能力远低于市场预期。</strong></p><h2 id=\"efffd80b\">会计“戏法”,延长硬件寿命以平滑成本</h2><p style=\"text-align: justify;\">Burry认为科技巨头正在会计处理上玩“把戏”。</p><p style=\"text-align: justify;\">他在其X平台的帖子中指出,科技巨头们通过延长资产的“有效使用寿命”来低估折旧,从而人为地抬高收益,而这是“现代最常见的欺诈之一”。</p><p style=\"text-align: justify;\">他认为,<strong>在科技公司大规模采购英伟达芯片和服务器以扩充算力的背景下,这些通常只有2至3年产品周期的计算设备,其折旧年限不应被延长。</strong></p><p style=\"text-align: justify;\">然而,包括Meta、Alphabet、微软、甲骨文和亚马逊在内的“超大规模”玩家们却正是这么做的,一些公司甚至将折旧周期延长至6年。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ad289aa18c6e902f42ae0de3dac53393\" tg-width=\"891\" tg-height=\"411\"/></p><p>(科技巨头每年关于服务器和网络设备的预计使用寿命)</p><p style=\"text-align: justify;\">不过,亚马逊在2025年第一季度已将部分服务器和网络设备的预计使用寿命从六年缩短至五年,理由正是AI技术发展的加速。</p><p style=\"text-align: justify;\"><strong>一旦这种趋势逆转并扩大,将导致折旧费用被加速确认,对短期盈利造成冲击。</strong></p><h2 id=\"3f62a55b\">折旧“定时炸弹”,市场尚未消化未来的盈利冲击</h2><p style=\"text-align: justify;\"><strong>此前美银也曾认为,华尔街对未来折旧费用的增长速度“反应迟钝”。</strong></p><p style=\"text-align: justify;\"><strong>美银分析师Justin Post在报告中指出,随着谷歌、Meta和亚马逊的资本支出在2024年和2025年大幅增长,其折旧费用必然会在2026年后加速。</strong></p><p style=\"text-align: justify;\">据其测算,到2027年,仅这三家公司的折旧费用,<strong>市场普遍预测就可能比实际情况低了近164亿美元,这意味着它们未来的实际盈利能力或远低于当前的市场共识。</strong></p><p style=\"text-align: justify;\"><strong>此外,AI资产的“短寿”问题加剧了这一风险。</strong>用于AI计算的GPU等硬件技术迭代快、负荷高,有效寿命可能仅为三到五年。这一趋势与科技巨头延长设备使用年限的做法背道而驰。</p><h2 id=\"a34dfe99\">华尔街的警钟,被低估的资本开支与“表外”扩张</h2><p style=\"text-align: justify;\">摩根士丹利的研究则强调科技巨头AI资本开支强度正逼近互联网泡沫时期的峰值水平,但公开数据并未完全反映投资全貌。</p><p style=\"text-align: justify;\"><strong>摩根士丹利强调,两大因素导致了实际投资规模被低估。</strong></p><p style=\"text-align: justify;\"><strong>首先</strong>是融资租赁的兴起。微软和甲骨文等公司正越来越多地通过此种“表外”工具建设数据中心,其初始投资不计入传统的资本支出。</p><p style=\"text-align: justify;\">据该行估算,计入融资租赁后,微软2026财年的资本支出与销售额之比将从28%跃升至38%。</p><p style=\"text-align: justify;\"><strong>其次</strong>是“在建工程(CIP)”的延迟效应,大量已支出的资本沉淀在资产负债表上,尚未开始计提折旧,其对利润的冲击才刚刚开始。</p><p style=\"text-align: justify;\">美国银行则警告称,<strong>AI基础设施市场可能重演历史上因激进投资导致产能过剩和价格战的模式</strong>。</p><p style=\"text-align: justify;\"><strong>美银认为,如果供应增长持续超过需求,最早在2027年,行业内可能会爆发更激进的定价策略</strong>。</p><p style=\"text-align: justify;\"><strong>届时,为了维持数据中心的利用率,超大规模厂商可能被迫降价,从而侵蚀其盈利能力。这一预测,也为Burry关于科技巨头盈利能力虚高的观点提供了另一层面的佐证。</strong></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c7da52addfd52fb216bcf87283f43750","relate_stocks":{"ORCL":"甲骨文","META":"Meta Platforms, Inc."},"source_url":"https://wallstreetcn.com/articles/3759101","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2582333868","content_text":"\"大空头\"Michael Burry指出AI芯片等设备实际寿命仅2-3年,但部分公司将折旧周期延长至6年。他预计从2026到2028年,大型科技公司将因低估折旧而虚增1760亿美元的利润。摩根士丹利和美银也曾发出警告,未来折旧费用激增将严重冲击科技巨头盈利能力。以预测2008年金融危机而闻名的“大空头”Michael Burry再次将矛头对准科技巨头。11月11日,Michael Burry在其社交平台发帖称,科技巨头通过延长资产的“有效使用寿命”来低估折旧,从而人为地抬高收益。他估计从2026年到2028年,大型科技公司将因低估折旧而虚增1760亿美元的利润。Burry承诺将在11月25日披露更多细节。他特别指出,到2028年,甲骨文的利润可能被夸大26.9%,而Meta的利润可能被夸大20.8%。值得注意的是,此前他曾披露持有英伟达和Palantir看跌期权,这再度引发市场对其看空AI行业立场的关注。此前,摩根士丹利和美国银行等华尔街投行也已发出警告,认为市场严重低估了当前AI投资的真实规模,且对未来折旧费用的冲击准备不足,这可能导致科技巨头的真实盈利能力远低于市场预期。会计“戏法”,延长硬件寿命以平滑成本Burry认为科技巨头正在会计处理上玩“把戏”。他在其X平台的帖子中指出,科技巨头们通过延长资产的“有效使用寿命”来低估折旧,从而人为地抬高收益,而这是“现代最常见的欺诈之一”。他认为,在科技公司大规模采购英伟达芯片和服务器以扩充算力的背景下,这些通常只有2至3年产品周期的计算设备,其折旧年限不应被延长。然而,包括Meta、Alphabet、微软、甲骨文和亚马逊在内的“超大规模”玩家们却正是这么做的,一些公司甚至将折旧周期延长至6年。(科技巨头每年关于服务器和网络设备的预计使用寿命)不过,亚马逊在2025年第一季度已将部分服务器和网络设备的预计使用寿命从六年缩短至五年,理由正是AI技术发展的加速。一旦这种趋势逆转并扩大,将导致折旧费用被加速确认,对短期盈利造成冲击。折旧“定时炸弹”,市场尚未消化未来的盈利冲击此前美银也曾认为,华尔街对未来折旧费用的增长速度“反应迟钝”。美银分析师Justin Post在报告中指出,随着谷歌、Meta和亚马逊的资本支出在2024年和2025年大幅增长,其折旧费用必然会在2026年后加速。据其测算,到2027年,仅这三家公司的折旧费用,市场普遍预测就可能比实际情况低了近164亿美元,这意味着它们未来的实际盈利能力或远低于当前的市场共识。此外,AI资产的“短寿”问题加剧了这一风险。用于AI计算的GPU等硬件技术迭代快、负荷高,有效寿命可能仅为三到五年。这一趋势与科技巨头延长设备使用年限的做法背道而驰。华尔街的警钟,被低估的资本开支与“表外”扩张摩根士丹利的研究则强调科技巨头AI资本开支强度正逼近互联网泡沫时期的峰值水平,但公开数据并未完全反映投资全貌。摩根士丹利强调,两大因素导致了实际投资规模被低估。首先是融资租赁的兴起。微软和甲骨文等公司正越来越多地通过此种“表外”工具建设数据中心,其初始投资不计入传统的资本支出。据该行估算,计入融资租赁后,微软2026财年的资本支出与销售额之比将从28%跃升至38%。其次是“在建工程(CIP)”的延迟效应,大量已支出的资本沉淀在资产负债表上,尚未开始计提折旧,其对利润的冲击才刚刚开始。美国银行则警告称,AI基础设施市场可能重演历史上因激进投资导致产能过剩和价格战的模式。美银认为,如果供应增长持续超过需求,最早在2027年,行业内可能会爆发更激进的定价策略。届时,为了维持数据中心的利用率,超大规模厂商可能被迫降价,从而侵蚀其盈利能力。这一预测,也为Burry关于科技巨头盈利能力虚高的观点提供了另一层面的佐证。","news_type":1,"symbols_score_info":{"META":1.5,"ORCL":1.5}},"isVote":1,"tweetType":1,"viewCount":3258,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":491231183552944,"gmtCreate":1760950353739,"gmtModify":1760950356107,"author":{"id":"4122900171752230","authorId":"4122900171752230","name":"Link陛下","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4122900171752230","authorIdStr":"4122900171752230"},"themes":[],"title":"","htmlText":"不怕死的知道怎么选的","listText":"不怕死的知道怎么选的","text":"不怕死的知道怎么选的","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/491231183552944","repostId":"2576836100","repostType":2,"repost":{"id":"2576836100","kind":"news","pubTimestamp":1760946313,"share":"https://www.laohunote.com/m/news/2576836100?lang=zh_CN&edition=full","pubTime":"2025-10-20 15:45","market":"us","language":"zh","title":"小米YU7销量直追特斯拉Model Y","url":"https://stock-news.laohu8.com/highlight/detail?id=2576836100","media":"三言科技","summary":"特斯拉Model Y以292843辆零售量稳居榜首,小米YU7凭借47193辆销量跃居次席,蔚来ES6则以35076辆位列第三。9月单月数据中,Model Y仍以51173辆领跑,小米YU7以22369辆紧随其后,理想i8以5716辆位居第三。小米YU7的市场表现尤为值得关注。作为新晋选手,其1-9月累计销量已达Model Y的16.1%,9月单月销量更达到Model Y的43.7%,显示出强劲的追赶势头。小米YU7的崛起,不仅印证了中国车企在高端新能源市场的突破能力,更预示着全球新能源汽车市场格局或将迎来深刻变革。","content":"<html><body><article><p>据<a href=\"https://laohu8.com/S/BITA\">易车</a>整理的乘联分会零售数据显示,2025年1-9月,30万级纯电SUV市场格局初显。<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>Model Y以292843辆零售量稳居榜首,<a href=\"https://laohu8.com/S/XIACY\">小米</a>YU7凭借47193辆销量跃居次席,<a href=\"https://laohu8.com/S/NIO\">蔚来</a>ES6则以35076辆位列第三。9月单月数据中,Model Y仍以51173辆领跑,<a href=\"https://laohu8.com/S/01810\">小米</a>YU7以22369辆紧随其后,<a href=\"https://laohu8.com/S/LI\">理想</a>i8以5716辆位居第三。</p><p><a href=\"https://laohu8.com/S/81810\">小米</a>YU7的市场表现尤为值得关注。作为新晋选手,其1-9月累计销量已达Model Y的16.1%,9月单月销量更达到Model Y的43.7%,显示出强劲的追赶势头。这一成绩的取得,既得益于中国新能源产业链的成熟,也反映出本土品牌在技术迭代、成本控制及用户需求精准匹配方面的突破。</p><p>市场分析指出,30万级纯电SUV市场的竞争已进入白热化阶段,前10名车型均展现出较强的市场竞争力。小米YU7的崛起,不仅印证了中国车企在高端新能源市场的突破能力,更预示着全球新能源汽车市场格局或将迎来深刻变革。</p></article></body></html>","source":"tencent","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>小米YU7销量直追特斯拉Model Y</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小米YU7销量直追特斯拉Model Y\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-10-20 15:45 北京时间 <a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251020154800a6c34145&s=b><strong>三言科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>据易车整理的乘联分会零售数据显示,2025年1-9月,30万级纯电SUV市场格局初显。特斯拉Model Y以292843辆零售量稳居榜首,小米YU7凭借47193辆销量跃居次席,蔚来ES6则以35076辆位列第三。9月单月数据中,Model Y仍以51173辆领跑,小米YU7以22369辆紧随其后,理想i8以5716辆位居第三。小米YU7的市场表现尤为值得关注。作为新晋选手,其1-9月累计销量已达...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251020154800a6c34145&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0823414478.USD":"法巴经典能源转换基金","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4551":"寇图资本持仓","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","SG9999015978.USD":"利安颠覆性创新基金A","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","TSYW.SI":"TESLA 3xLongSG261006","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","01810":"小米集团-W","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4527":"明星科技股","BK4099":"汽车制造商","BK4511":"特斯拉概念","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) 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08:59","market":"hk","language":"zh","title":"小米汽充电地图已覆盖超过150万个充电桩","url":"https://stock-news.laohu8.com/highlight/detail?id=2571398514","media":"车质网","summary":"9月29日,小米汽车宣布其充电地图已覆盖超过150万个充电桩,其中包含12万个超充桩和120万个直流快充桩。用户可通过小米汽车App实时查看合作充电站的充电桩状态、功率和价格等信息,并支持扫码充电和支付结算功能。小米汽车已与26家行业内优质运营商达成合作,包括蔚来能源和理想汽车等品牌,部分运营商如蔚来还支持即插即充服务。此外,小米推出了积分抵扣充电服务费的优惠活动,用户开通App功能后,1度电最低仅需0.2元,覆盖约130万个充电桩。 小米优选站还提供“跳枪必赔”权益,覆盖约15万个充电桩,跳枪事件可获赔60积分。该活动时间为9月29日至12月30日。","content":"<html><body><article><p>9月29日,<a href=\"https://laohu8.com/S/XIACY\">小米</a>汽车宣布其充电地图已覆盖超过150万个充电桩,其中包含12万个超充桩和120万个直流快充桩。用户可通过<a href=\"https://laohu8.com/S/01810\">小米</a>汽车App实时查看合作充电站的充电桩状态、功率和价格等信息,并支持扫码充电和支付结算功能。<a href=\"https://laohu8.com/S/81810\">小米</a>汽车已与26家行业内优质运营商达成合作,包括<a href=\"https://laohu8.com/S/NIO\">蔚来</a>能源和<a href=\"https://laohu8.com/S/LI\">理想汽车</a>等品牌,部分运营商如<a href=\"https://laohu8.com/S/09866\">蔚来</a>还支持即插即充服务。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20250930090224466d16393e61tmwp7y\"/><p>此外,小米推出了积分抵扣充电服务费的优惠活动,用户开通App功能后,1度电最低仅需0.2元,覆盖约130万个充电桩。 小米优选站还提供“跳枪必赔”权益,覆盖约15万个充电桩,跳枪事件可获赔60积分。该活动时间为9月29日至12月30日。</p></article></body></html>","source":"tencent","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>小米汽充电地图已覆盖超过150万个充电桩</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小米汽充电地图已覆盖超过150万个充电桩\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-09-30 08:59 北京时间 <a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250930090229a6a73721&s=b><strong>车质网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>9月29日,小米汽车宣布其充电地图已覆盖超过150万个充电桩,其中包含12万个超充桩和120万个直流快充桩。用户可通过小米汽车App实时查看合作充电站的充电桩状态、功率和价格等信息,并支持扫码充电和支付结算功能。小米汽车已与26家行业内优质运营商达成合作,包括蔚来能源和理想汽车等品牌,部分运营商如蔚来还支持即插即充服务。此外,小米推出了积分抵扣充电服务费的优惠活动,用户开通App功能后,1度电最低...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250930090229a6a73721&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","LU0561508036.HKD":"ALLIANZ CHINA EQUITY \"A\" (HKD) INC","LU0823038988.USD":"AMUNDI FUNDS ASIA EQUITY FOCUS \"A2\" (USD) ACC","LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","LU1282648689.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AMG\" (USD) INC","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","LU0463099449.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) ACC","BK1521":"挪威政府全球养老基金持仓","LU0823039010.USD":"AMUNDI FUNDS ASIA EQUITY FOCUS \"A2\" (USD) INC","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","LU0345776255.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) INC","LU0823413660.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) INC","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" 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ACC"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250930090229a6a73721&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2571398514","content_text":"9月29日,小米汽车宣布其充电地图已覆盖超过150万个充电桩,其中包含12万个超充桩和120万个直流快充桩。用户可通过小米汽车App实时查看合作充电站的充电桩状态、功率和价格等信息,并支持扫码充电和支付结算功能。小米汽车已与26家行业内优质运营商达成合作,包括蔚来能源和理想汽车等品牌,部分运营商如蔚来还支持即插即充服务。此外,小米推出了积分抵扣充电服务费的优惠活动,用户开通App功能后,1度电最低仅需0.2元,覆盖约130万个充电桩。 小米优选站还提供“跳枪必赔”权益,覆盖约15万个充电桩,跳枪事件可获赔60积分。该活动时间为9月29日至12月30日。","news_type":1,"symbols_score_info":{"81810":0.6,"MIUmain":0.6,"HXXD.SI":0.6,"01810":1.5}},"isVote":1,"tweetType":1,"viewCount":3462,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":482699470598968,"gmtCreate":1758875294999,"gmtModify":1758877794183,"author":{"id":"4122900171752230","authorId":"4122900171752230","name":"Link陛下","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4122900171752230","authorIdStr":"4122900171752230"},"themes":[],"title":"","htmlText":"这算什么?别人的就是自己的,自己不建还标榜自己?","listText":"这算什么?别人的就是自己的,自己不建还标榜自己?","text":"这算什么?别人的就是自己的,自己不建还标榜自己?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/482699470598968","repostId":"2570800854","repostType":2,"repost":{"id":"2570800854","kind":"news","pubTimestamp":1758874708,"share":"https://www.laohunote.com/m/news/2570800854?lang=zh_CN&edition=full","pubTime":"2025-09-26 16:18","market":"hk","language":"zh","title":"雷军立2025年FLAG:要成为“公用桩充电之王”","url":"https://stock-news.laohu8.com/highlight/detail?id=2570800854","media":"汽车之家资讯","summary":"[汽车之家资讯] 日前,雷军在社交媒体上表示,小米汽车充电无忧已和13家行业内优质运营商达成充电补能网络合作,超过102万充电桩入驻“小米充电地图”,覆盖了365个城市。我们今年的Flag,要成为“公用桩充电之王”。小米汽车用户打开充电地图,可查看合作场站的动态数据,包括忙闲状态、功率、价格时段、占位费、停车费用等。目前,小米汽车可使用的充电桩超102万根,直流快充桩超80万根,覆盖365个城市,覆盖88.1%的高速服务区。(编译/汽车之家 秦超)","content":"<html><body><article><p>[<a href=\"https://laohu8.com/S/ATHM\">汽车之家</a>资讯] 日前,雷军在社交媒体上表示,<a href=\"https://laohu8.com/S/XIACY\">小米</a>汽车充电无忧已和13家行业内优质运营商达成充电补能网络合作,超过102万充电桩入驻“<a href=\"https://laohu8.com/S/01810\">小米</a>充电地图”,覆盖了365个城市。我们今年的Flag,要成为“公用桩充电之王”。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20250926161831534d163tqvd5fua2an\"/><p><a href=\"https://laohu8.com/S/81810\">小米</a>汽车用户打开充电地图,可查看合作场站的动态数据,包括忙闲状态、功率、价格时段、占位费、停车费用等。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20250926161834976d163um4zba9q4u7\"/><p>目前,小米汽车可使用的充电桩超102万根,直流快充桩超80万根,覆盖365个城市,覆盖88.1%的高速服务区。(编译/<a href=\"https://laohu8.com/S/02518\">汽车之家</a> 秦超)</p></article></body></html>","source":"tencent","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>雷军立2025年FLAG:要成为“公用桩充电之王”</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{ 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class=\"title\">\n雷军立2025年FLAG:要成为“公用桩充电之王”\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-09-26 16:18 北京时间 <a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2025092616184595467de4&s=b><strong>汽车之家资讯</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>[汽车之家资讯] 日前,雷军在社交媒体上表示,小米汽车充电无忧已和13家行业内优质运营商达成充电补能网络合作,超过102万充电桩入驻“小米充电地图”,覆盖了365个城市。我们今年的Flag,要成为“公用桩充电之王”。小米汽车用户打开充电地图,可查看合作场站的动态数据,包括忙闲状态、功率、价格时段、占位费、停车费用等。目前,小米汽车可使用的充电桩超102万根,直流快充桩超80万根,覆盖365个城市,...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2025092616184595467de4&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU0871576103.HKD":"HSBC GIF CHINESE EQUITY \"AC\" (HKD) ACC","SG9999001093.SGD":"United Greater China Fund A Acc SGD","LU1794554557.SGD":"Allianz All China Equity AT Acc 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秦超)","news_type":1,"symbols_score_info":{"81810":0.6,"HXXD.SI":0.6,"01810":1.5,"MIUmain":0.6}},"isVote":1,"tweetType":1,"viewCount":4636,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":472854477689736,"gmtCreate":1756474948880,"gmtModify":1756475873757,"author":{"id":"4122900171752230","authorId":"4122900171752230","name":"Link陛下","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4122900171752230","authorIdStr":"4122900171752230"},"themes":[],"title":"","htmlText":"丢人丢到国外去了","listText":"丢人丢到国外去了","text":"丢人丢到国外去了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/472854477689736","repostId":"2563017465","repostType":2,"repost":{"id":"2563017465","kind":"news","pubTimestamp":1756455002,"share":"https://www.laohunote.com/m/news/2563017465?lang=zh_CN&edition=full","pubTime":"2025-08-29 16:10","market":"us","language":"zh","title":"罕见!苹果、三星同时向小米发法律通知:要求停止争议营销","url":"https://stock-news.laohu8.com/highlight/detail?id=2563017465","media":"快科技","summary":"快科技8月29日消息,据印度媒体报道,苹果、三星两家手机巨头罕见同时向小米发出法律通知,要求停止争议营销。据悉,此前小米在印度投放的广告中,直接将其最新旗舰机型与苹果、三星的产品进行对比。据知情人士透露,苹果与三星均已发出禁止令通知,反对小米在营销活动中存在的 “贬低性内容”。不过,小米目前尚未对此事作出回应。苹果与三星认为,此类广告已超出公平竞争范畴,且可能损害其高端品牌形象。","content":"<html><body><article><p>快科技8月29日消息,据印度媒体报道,<strong><a href=\"https://laohu8.com/S/AAPL\">苹果</a>、<a href=\"https://laohu8.com/S/SMSN.UK\">三星</a>两家手机巨头罕见同时向<a href=\"https://laohu8.com/S/XIACY\">小米</a>发出法律通知,要求停止争议营销。据悉,此前<a href=\"https://laohu8.com/S/01810\">小米</a>在印度投放的广告中,直接将其最新旗舰机型与苹果、三星的产品进行对比。</strong></p><p>据知情人士透露,苹果与三星均已发出禁止令通知,<strong>反对<a href=\"https://laohu8.com/S/81810\">小米</a>在营销活动中存在的 “贬低性内容”。</strong></p><p><strong>所谓禁止令通知(cease-and-desist notice),是指一种正式法律文件</strong>,要求某家公司立即停止被认定为非法或具有损害性的特定行为。</p><p>“对比产品参数本身并无问题,” 一位了解此事进展的人士表示,<strong>“但不应直接点名特定竞争对手。正确的做法是用‘竞品’这类统称替代。”</strong></p><p>不过,小米目前尚未对此事作出回应。</p><p>这场争议始于今年4月,小米在愚人节当天投放了整版报纸广告,其中调侃苹果iPhone 16 Pro Max 手机,声称其摄像头性能不及小米新推出的15 Ultra机型。</p><p>更早之前的3月,在印度推出小米15系列机型时,该公司还曾投放另一条广告,称 iPhone 16 Pro Max 的摄像头 “可爱”(暗指性能不足),同时着重强调自家机型的摄影优势。类似的营销活动也将矛头对准了三星。</p><p>苹果与三星认为,此类广告已超出公平竞争范畴,且可能损害其高端品牌形象。尤其在印度市场,两家公司均主导着高端智能手机领域。</p><p>这种广告模式被称为 “伏击营销”(ambush marketing),指某一品牌在未获得官方许可的情况下,通过与竞争对手的产品或品牌建立关联,以此吸引关注的营销手段。</p><p><strong>根据IDC的数据,2025年第二季度,三星以14.5%市场份额排名印度智能手机市场第二,小米份额为 9.6%,苹果为7.5%。</strong></p><p>其中,iPhone 16是同期印度出货量最高的机型,占该季度智能手机总销量的4%。此外,苹果今年早些时候还在印度浦那(Pune)开设了第四家线下零售店。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20250829161831262d163qsli1km10e6\"/></article></body></html>","source":"tencent","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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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罕见!苹果、三星同时向小米发法律通知:要求停止争议营销\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-08-29 16:10 北京时间 <a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2025082916282295050b77&s=b><strong>快科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>快科技8月29日消息,据印度媒体报道,苹果、三星两家手机巨头罕见同时向小米发出法律通知,要求停止争议营销。据悉,此前小米在印度投放的广告中,直接将其最新旗舰机型与苹果、三星的产品进行对比。据知情人士透露,苹果与三星均已发出禁止令通知,反对小米在营销活动中存在的 “贬低性内容”。所谓禁止令通知(cease-and-desist notice),是指一种正式法律文件,要求某家公司立即停止被认定为非法或...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2025082916282295050b77&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU2168564222.USD":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","LU2065169927.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) ACC","LU2168564065.EUR":"AZ ALLOCATION - TREND \"AAZ\" (EUR) ACC","01810":"小米集团-W","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) 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ACC"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2025082916282295050b77&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2563017465","content_text":"快科技8月29日消息,据印度媒体报道,苹果、三星两家手机巨头罕见同时向小米发出法律通知,要求停止争议营销。据悉,此前小米在印度投放的广告中,直接将其最新旗舰机型与苹果、三星的产品进行对比。据知情人士透露,苹果与三星均已发出禁止令通知,反对小米在营销活动中存在的 “贬低性内容”。所谓禁止令通知(cease-and-desist notice),是指一种正式法律文件,要求某家公司立即停止被认定为非法或具有损害性的特定行为。“对比产品参数本身并无问题,” 一位了解此事进展的人士表示,“但不应直接点名特定竞争对手。正确的做法是用‘竞品’这类统称替代。”不过,小米目前尚未对此事作出回应。这场争议始于今年4月,小米在愚人节当天投放了整版报纸广告,其中调侃苹果iPhone 16 Pro Max 手机,声称其摄像头性能不及小米新推出的15 Ultra机型。更早之前的3月,在印度推出小米15系列机型时,该公司还曾投放另一条广告,称 iPhone 16 Pro Max 的摄像头 “可爱”(暗指性能不足),同时着重强调自家机型的摄影优势。类似的营销活动也将矛头对准了三星。苹果与三星认为,此类广告已超出公平竞争范畴,且可能损害其高端品牌形象。尤其在印度市场,两家公司均主导着高端智能手机领域。这种广告模式被称为 “伏击营销”(ambush marketing),指某一品牌在未获得官方许可的情况下,通过与竞争对手的产品或品牌建立关联,以此吸引关注的营销手段。根据IDC的数据,2025年第二季度,三星以14.5%市场份额排名印度智能手机市场第二,小米份额为 9.6%,苹果为7.5%。其中,iPhone 16是同期印度出货量最高的机型,占该季度智能手机总销量的4%。此外,苹果今年早些时候还在印度浦那(Pune)开设了第四家线下零售店。","news_type":1,"symbols_score_info":{"AAPL":1,"PL":0.9,"01810":0.9,"MACW.SI":0.6}},"isVote":1,"tweetType":1,"viewCount":3313,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"defaultTab":"posts","isTTM":false}