【NaNa说美股】20260225挖不到金的铲子不是好铲子？！

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大家好

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欢迎回到娜娜说美股

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今天是2月25号周三

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川普在昨天的国情咨文演讲中

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称美国比以往任何时候都更强大

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更繁荣

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更富裕

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这个是美国的黄金时代

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他还表示

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通胀正在暴跌

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已经压低了核心通胀率

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关税提振了股市

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此外呢

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川普还要求科技巨头们自备电力

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并且自建工厂

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推动国会立法禁止议员们炒股

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股市暴涨靠懂王嘛

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华尔街呢立即就领悟了川总的思想啊

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今天三大股指立即跳空高开

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英伟达财报公布在即

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市场预期升温

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乐观情绪概括了谨慎情绪

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大家都在这个日内抢购股票

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推动科技股走强

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尾巴十大股指集体收涨

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今天盘后英伟达的财报出来的比较晚

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都等了半小时了

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我们先看看其他的

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等会再来细说英伟达的财报各项数据嗯

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比特币价格呢今天与股票市场同步走高

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大涨了7.85%

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暂时还不清楚是筑底成功了还是修复性反弹

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如果能够站稳在7万美元关口上方

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那将有助于市场趋势转向更积极的方向

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其他加密概念股呢跟随着集体走高

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黄金这边横盘

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等待中东局势的进展哈

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到底打不打

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也没有一个准化

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贵金属这一波行情真的是活久见

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前面黄金白银一路疯涨

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天天新高

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结果说翻脸就翻脸哈

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直接给你来了个史诗级的暴跌

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很多人一觉醒来都懵了

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终于出来了

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公司Q4营收681亿美元

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同比大幅增长了73%

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高于预期的659亿美元

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其中数据中心营收达到了创纪录的

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23亿美元

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超过预期的606亿美元

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每股收益1.62美元

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超过预期的1.53美元

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毛利率高达75.1%

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预计嗯2027财年第一财季

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营收780亿美元

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正负2%

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市场预期呢为726亿美元

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可以看出公司的业绩增速没有任何放缓的迹象

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财报预测呢

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没有假设

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与中国数据中心计算营收相关的任何信息

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就是把中国市场假设这个收入为零

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黄仁勋在声明中表示

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我们的客户正在进向投资人工智能计算

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这份财报表明

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市场对人工智能投资泡沫的担忧可能被夸大了

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这么好的财报

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通常呢应该导致股价至少暴涨

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百5%到8%的

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但是股价盘后并没有出现与之业绩匹配的

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史诗级的拉升

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最高只涨到4%左右

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还掉下来了

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当时有个消息出来

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就是美国证交会文件显示

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英伟达表示

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我们正在敲定与OpenAI的投资与合作关系啊

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但是无法保证一定会与open a达成协议

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这个看似普通的消息呢

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打破了垄断叙事的稳定性哈

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市场一直默认

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英伟达与OpenAI是AI时代的铁杆盟友吗

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当官方文件强调无法保证达成协议时

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呃

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这不仅是法律避险

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跟向市场传达了一个不确定性的信号

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就是双方这种绑定并非牢不可破

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之前就曾因为这件事情

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导致了市场对AI投资循环性质的质疑

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后来英伟达说嗯对open i投资300亿美元

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所以这个事情已经消退了

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结果这个财报的时候又又放出这消息

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就感觉有点是故意打压股价的哈

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现在盘后还不做准

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我们得看明天盘中的走势

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上一次杂志财报之后

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高开低走的骚操作让很多人都是刻骨铭心啊

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这次不知道又会不会玩期权双杀

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标普500指数呢

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已经连续约20个交易日

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徘徊在历史高点3%以内

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历史上这种盘整阶段往往会持续

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大约30个交易日之后呢

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市场最终肯定会打破僵局的哈

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要么以决定性的突破

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以创下新高作为开端嗯

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要么以回调重新调整仓位

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英伟达这么强的财报

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如果都不能推动指数在本周结束之前

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一举突破上方7000点整数大关的话啊

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那就要谨慎了

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因为短期呢呃就没有其他重磅利好催化剂了嘛

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6900点是短期的转折点

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若是这个再次跌破这个水平

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指数将会再次回踩6800点

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就又要走区间震荡

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那可能就真的要走坏了呃

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中东局势也是个潜在的助推因素哈

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明天周四美伊双方再次举行谈判

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如果还是没能弹出一个结果来

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川普可能就要失去耐心了

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随时可能掀桌子呃

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如果双方达成协议

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那市场风险溢价消除哈

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提前点才会较有希望

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其他个股方面SQL

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股价今天季后飙升了35%

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公司Q4营收7.7亿美元

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同比大增76.9%

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净利润1.33亿美元

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较去年同期的300万美元同比翻了约42倍

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每股收益56美分

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远超市场预期区间的15~25美分

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这是公司连续第二个季度财报

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大幅击百市场预期了

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说明盈利质量呢已经从偶发转向趋势性改善

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主要受益于稳定币业务的量能扩张

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USDC流通量同比增长72%

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这意味着存放在储备资产中的规模呢持续扩大

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直接推升了储备利息收入

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与此同时

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USDC链上交易量同比暴增247%

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这不仅是发行量增加

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更是真实使用场景的爆发

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就是支付跨境转账

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DEFI机构结算等等多场景使用频率的显著提升

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这点非常的重要

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之前市场不是一直担心SQL作为一个利差的生意

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考稳定币储备投资

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短期美债来找你去

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利息差嘛

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在美联储降息周期

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理论上利息收入会被压缩

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公司的盈利模型就会遭到冲击

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但是现在的数据说明

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circle呢正在从单纯赚利息向规模化

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生态使用率驱动过渡

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交易量的增长

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弥补了利率下降的负面影响

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这是一种商业模式的韧性体现

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不过呢成本端的压力也是同样明显的

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公司Q4运营费用同比增长了95%

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达到了2.54亿美元

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主要由薪酬和行政管理开支推动

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说明公司在加速扩张

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加大合规与技术投入

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分销交易以及其他成本达到了4.61亿美元

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同比增长52%

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这依然是最大的支出项

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换句话说

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circle目前仍处在扩大规模抢占市场的阶段

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而不是利润率最大化的阶段

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年初以来呢

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股价已经累跌了22.6%

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是美股中被高度做空的标的之一

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多头情绪长期被压制哈

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当财报连续两个季度大幅超出预期之后

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空头逻辑就开始动摇了

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而多头情绪呢就像着松开的弹簧一下子爆发

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今天股价暴涨不仅仅是基本面的修复

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还有明显的隔空成分

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一旦空头回补

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叠加基本面改善

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这股价的弹性就会被放大

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接下来呢市场会重新评估一个问题哈

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就是circle到底只是吃利差的金融中介呢

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还是稳定币基础设施平台

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如果被认为是后者

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那么估值逻辑就会产生质变

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另外美联储未来降息步伐放缓

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也同样利好该股

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周扒皮

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corn base股价今天也涨了13.5%

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毕竟USDC储备的收益

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大部分都要被coin base给拿走

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在coin base平台上

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持有的USBC余额所产生的储备收益

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qun base可以获得百分之百的分成哈

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在其他渠道发行或流通的USBC

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所产生的储备收益

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宽宽杯子也要拿走50%

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所以持有宽宽杯子

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也能够吃到USDC稳定币扩张的红利

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公司高管

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今天在MICHAELC罗的比特币大会上共同发表演讲

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就是美国最大的加密货币交易所

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与最大的比特币持有上市公司首次同台

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可能也刺激了这个嗯

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今天比特币的上涨

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美国雅宝股价涨4.8%

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消息面上面

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非洲锂矿大国津巴布韦

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宣布即日起暂停出口离金矿和原矿嗯

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这个国家的锂储量达到1.26亿吨

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是全球主要供应国

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00:09:32,259 --> 00:09:35,960
这个禁令呢将会直接影响海外精炼企业

219
00:09:35,960 --> 00:09:38,818
所以美股锂矿股今天都全部走强

220
00:09:38,818 --> 00:09:41,239
workday股价日内低开高走

221
00:09:41,239 --> 00:09:43,739
盘出海一度大跌近10%

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00:09:43,739 --> 00:09:45,139
盘中持续回升

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00:09:45,139 --> 00:09:46,509
并且成功转涨

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00:09:46,509 --> 00:09:48,549
公司Q4业绩超预期

225
00:09:48,549 --> 00:09:51,309
但是部分订单呢出现了交易延迟

226
00:09:51,309 --> 00:09:54,289
公司给出的未来业绩指引偏弱

227
00:09:54,289 --> 00:09:58,539
嗯股票遭到华尔街多位分析师下调目标价

228
00:09:58,539 --> 00:10:01,779
管理层表示将会加大对AI技术的投入

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00:10:01,779 --> 00:10:04,029
以拓展更大的市场空间

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00:10:04,029 --> 00:10:08,750
但是短期内AI对业绩的实质贡献有限

231
00:10:08,789 --> 00:10:13,559
公司呢预计要等到今年下半年才会明显加速

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00:10:13,559 --> 00:10:15,299
2026年全年

233
00:10:15,299 --> 00:10:18,039
约30%的经营利润率指引

234
00:10:18,039 --> 00:10:20,639
意味着这个利润的改善幅度不大

235
00:10:20,639 --> 00:10:21,379
与此同时

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00:10:21,379 --> 00:10:24,440
订阅收入增速也被下调到12%

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00:10:24,440 --> 00:10:25,460
到13%

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00:10:25,460 --> 00:10:27,328
增长节奏放缓

239
00:10:27,328 --> 00:10:29,688
简单总结就是现在赚的还行

240
00:10:29,688 --> 00:10:31,328
但是未来增长放慢

241
00:10:31,328 --> 00:10:33,149
利润率提升有限

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00:10:33,149 --> 00:10:35,470
AI短期难以拉动业绩

243
00:10:35,470 --> 00:10:36,950
这只软件股啊

244
00:10:36,950 --> 00:10:39,789
主要还是近期已经大幅下跌了

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00:10:39,789 --> 00:10:44,100
所以今天就呃跟随着整个软件板块一起反弹

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00:10:44,100 --> 00:10:47,379
更多是由技术面修复需求所推动的

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00:10:47,379 --> 00:10:52,379
但实际基本面其实有这个嗯恶化的迹象

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00:10:52,379 --> 00:10:56,019
CRM和snowflake也都在盘后呢公布了财报

249
00:10:56,019 --> 00:10:57,740
股价嗯涨跌不一

250
00:10:57,740 --> 00:10:59,328
我们明天再细说哈

251
00:10:59,328 --> 00:11:01,288
行今天我们就说到这里

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00:11:01,288 --> 00:11:02,720
那我们明天见拜拜

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