The U.S. Federal Reserve just did exactly what Wall Street expected in the short term: cut rates by 25 basis points and projected two more cuts by year’s end. At first glance, a rate cut should have fueled a rally – but the Fed’s forward guidance flipped the moodMarkets had been pricing in two or three cuts in 2026 – but the central bank only penciled in one. It also revised 2026 GDP expectations higher, called for steady unemployment levels, and nudged inflation estimates upward.In other words, the Fed is ...

云计算市场格局演变 - 云计算市场长期由亚马逊、微软和谷歌主导，形成"三巨头"格局 [1] - 甲骨文凭借AI需求推动云业务增长，可能成为第四大云巨头 [1] - 全球云基础设施支出在6-8月达954亿美元，其中65%流向三大云服务商 [6] 甲骨文云业务增长表现 - 公司预计云基础设施业务本财年增长77%至180亿美元 [2] - 到2030财年云业务收入预计达到1440亿美元 [2] - 公司最近财年总销售额为574亿美元 [2] - 剩余履约义务达4550亿美元，同比增长359% [4] 市场份额预测 - 杰富瑞预测甲骨文在超大规模云收入份额将从2026财年的5%升至2030财年的17% [7] - 同期微软份额保持30%，亚马逊降至33%，谷歌略降至19% [7] - 伯恩斯坦估计甲骨文当前市场份额约5%，预计十年末接近谷歌水平 [9] 技术优势与客户合作 - 第二代云基础设施具有特殊网络能力，运行负载更快且成本更低 [10] - 与OpenAI签订五年3000亿美元云计算服务协议 [4] - 还与TikTok、Temu和优步等公司达成云合约 [10] 财务与市场表现 - 公司股票9月10日创本世纪最佳单日表现 [2] - 去年股价上涨超60%，为1999年以来最佳表现 [3] - 今年迄今股价上涨81% [16] - 预计今年资本支出将达320亿美元，同比增长194% [14] 资金需求与扩张 - 需要增加资本支出来满足需求，预计未来几个季度需要130亿美元债务 [15] - 尽管杠杆率预计下降，因EBITDA大幅增长 [15] - 需资助数据中心扩张以满足当前积压需求 [14] 行业活动与催化剂 - 将于10月13日举办"AI世界"客户会议，预计详细说明增长预期 [17] - TikTok美国业务出售接近完成，公司预计参与交易 [16] - 公司综合评级为94分（满分99） [18]

人民财讯9月18日电，9月18日，华为全联接大会2025期间，华为混合云总裁肖霏正式发布华为云 Stack8.6，并宣布华为云Stack8.6已正式适配CloudMatrix384超节点。目前，全球超过5500家政企客户选 择华为云Stack开展云上创新。 ...

We recently published All-Time Rush: 8 of 10 Big Names Hit Fresh Record Highs. Bloom Energy Corp. (NYSE:BE) is one of the best performers on Wednesday. Shares of Bloom Energy climbed to a new all-time high on Wednesday, as investors continued to load up positions after earning a sky-high price target upgrade from an investment firm. During the session, Bloom Energy Corp. (NYSE:BE) rose to its highest price of $80.71 before trimming gains to end the day just up by 8.71 percent at $79.67. Bloom Energy (BE ...

Analysts at TD Cowen surveyed 215 companies on their cloud spending plans — an annual process they say "has been predictive of critical industry trends†since 2012. ...

Key Points Nebius shocked investors by announcing a huge new deal with Microsoft. Nebius isn't the only AI infrastructure company inking big deals for data center capacity. When demand greatly exceeds supply, that's a big green flag for investors. 10 stocks we like better than Nebius Group › Nebius Group (NASDAQ: NBIS) recently caught the eyes of many investors who follow the artificial intelligence (AI) sector. The AI neocloud company announced a huge deal with tech giant Microsoft (NASDAQ: MSFT) ...

行业与公司 * 行业涉及人工智能（AI）基础设施投资 包括数据中心建设 IT设备 软件以及半导体制造[1][3][8] * 公司提及英伟达（NVIDIA） 超大规模云服务商（Hyperscalers）如亚马逊（Amazon） 微软（Microsoft） 字母表（Alphabet） 以及AMD和博通（Broadcom）[5][16][22][23] 核心观点与论据 * AI相关资本支出对GDP增长贡献显著上升 在2024年贡献0.1% 在2025年上半年（1H25）贡献0.5% 约占同期总GDP增长1.4%的三分之一[5][6] * 科技投资的国内最终销售额贡献更为突出 在1H25贡献了1.3%的增长 而同期所有产品的国内最终销售总额增长仅为1.6% 意味着非科技领域增长疲软[6] * 设备投资内部出现巨大分化 计算机及外围设备实际支出在第二季度同比大幅增长41% 而所有其他设备支出仅增长3%[7] * 软件价格平减指数异常波动 2024年飙升后又在过去两个季度年化下降10% 这可能低估了2024年的贡献而高估了1H25的贡献 经平滑调整后 2024年贡献应上调约15个基点 1H25贡献应下调约30个基点[15] * 国民收入和生产账户（NIPAs）可能存在对科技投资的低估 例如美国品牌但在海外制造的半导体其国内增加值可能未被充分统计 若将英伟达 AMD 博通的毛利润（扣除研发）加入美国出口 GDP在2024年和1H25可能分别额外增加0.2%和0.3-0.4%[16][20] * 超大规模云服务商的资本支出增长远快于NIPA衡量标准 过去四个季度超大规模资本支出增加约1420亿美元 而NIPA衡量标准仅增加760亿美元 差异可能源于海外支出或NIPA数据低估[22] * 展望未来 超大规模资本支出增速预计将从2024年和2025年的约60%急剧减速至2026年的19%和2027年的9% 其对GDP增长的贡献预计将降至几个十分之一百分点以下[8][27] 其他重要内容 * 分析未试图估算企业使用AI提高生产率对增长的贡献 因其更难以精确衡量 且许多收益可能尚未实现[4] * 研发（R&D）支出被排除在分析之外 因其增长相对于经济规模不大 例如全行业实际研发支出在第二季度仅同比增长0.8% 英伟达的季度研发支出同比增加10亿美元 与其170亿美元的收入增长相比很小[4][5] * 计算机设备投资的高增长可能并未排挤其他投资 因为设备投资对GDP增长的总体贡献及其占GDP的比重并未处于特别高的水平 且企业债务增长疲软[12] * 历史上存在云计算公司订购中间组件（不计入投资）然后将其转化为自用成品导致投资被低估的测量问题 但美国经济分析局（BEA）在2018年的全面更新中已改进此问题[24][25]

USA | Software Equity Research ORCL - A New Force in the Cloud Wars; See 35+ Page Deep Dive In our 35+ page deep dive, we analyze ORCL's ascent in the cloud wars and weigh in on investor debates on RPO, margins and capex. Buy ORCL on the 15% pullback vs the post-print high as 1) the company's share gains in the AI era are clear; 2) analyst day will be a positive catalyst as mgmt revises LT targets - we believe prior FY29 rev targets should be 50%+ higher at a minimum; 3) we see 75%+ upside to stock price on ...

Market optimism was driven by the Fed signaling two more rate cuts this year, although Fed Chair Jerome Powell cautioned about labor market weakness and the uncertainty behind further easing.After the Federal Reserve's recent rate cut in September 2025, mortgage rates have shown a downward trend but are not guaranteed to keep falling further. The average rate for a 30-year fixed mortgage stood around 6.13% to 6.35%, touching lows not seen in nearly a year. However, mortgage rates are influenced more by the ...

CoreWeave, Inc. (NASDAQ:CRWV) is one of the AI Stocks You Should Not Ignore. On September 15, Deutsche Bank Analyst Brad Zelnick placed a “Catalyst Call: Buy” on CoreWeave shares as a short-term investment idea. It stated that it’s sticking with its long term hold rating on the stock but also sees a near-term buying opportunity driven by “insatiable” AI demand. “We believe CoreWeave has meaningful powered shell capacity expected to come online over the next 12-18 months which it has yet to sign customer c ...