《半日速報》五大升幅 ETF XL 二南三星漲 4.0% 居首

提醒：日內請重點關注（以下均為北京時間）

華納兄弟探索據悉開始與奈飛展開獨家談判

粵港灣控股：終止認購協議 B 12 月 5 日下午復牌

信達證券：電力資產整合或存投資機遇 稀缺性穩定性電源有望受益市場化

《半日速報》恒指半日收報 25,872 點 跌 63 點; 恒生科技指數半日收報 5,604 點 跌 11 點 申洲跌逾 4% 環球新材國際創新高

<p>Investors are shifting focus from OpenAI to Google, with Alphabet's stock rising due to its AI advancements, particularly the Gemini 3. This has led to a divergence in returns between portfolios aligned with Google and OpenAI. Google's vertically integrated AI infrastructure is seen as more scalable and profitable. Meanwhile, OpenAI faces challenges in monetization and competition. NVIDIA's dominance is being reevaluated as Google's TPU gains traction. The shift in capital flow reflects a broader move towards multi-architecture AI infrastructure, impacting companies like SoftBank tied to OpenAI.</p>

- Over the past month, AI-related market flows have shifted, with Alphabet's stock rising sharply following the launch of Gemini 3, while companies linked to OpenAI have faced declines.  
- Hedge fund Coatue Management has created portfolios to track this shift, revealing that "Team Google" has significantly outperformed "Team OpenAI."  
- The market is increasingly favoring Google's vertically integrated AI infrastructure, which is seen as more scalable and profitable compared to OpenAI's reliance on external capital.

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