2026年的CES国际消费电子展在拉斯维加斯刚刚落下帷幕，因为近年来市场高度关注AI市场的发展和进步，CES展也被称为科技界的“春晚”，今年也不例外，CES上爆出了大量新锐AI产品，也让AI发展的风向和科技产业投资趋势进一步具象化。

总结下来今年CES的核心趋势总结下来就是从云端算力向物理AI的重大转型，将AI从对话框延伸到电子产品的每个角落。

长久以来自GPT开始AI大模型的大部分应用集中在线上沟通的实时交互上，各大科技企业百花齐放用天量资金加码AI大模型的应用，这也让芯片供应商英伟达乘着本轮趋势登顶全球市值第一的宝座。今年英伟达老总“皮衣黄”再度现身CES只不过本轮他带来的新一代架构为今年的美股科技投资风向带来了一个新的趋势“物理AI”。

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英伟达

英伟达在本轮CES展览上公布了其Vera Rubin模型，并表示将提前量产，会将AI推理的物理成本压低90%，意味着同级别情况下AI的算力再度以两位数的速率提振，而黄仁勋本次通过COSMOS开放模型平台具体展示AI对物理世界的规则的理解将会赋能机器人，汽车等多个电子产品领域，将AI从对话框搬到现实物理世界中来。

1.    结构化底座：Cosmos物理模拟平台与世界模型

·      通过精确的物理规律的嵌入，引入物理约束层理念，在生成与测试计算重力，动量，和摩擦系数等模拟现实世界。

·      训练数据包含超过10一小时真实物理世界视频以及高保真模拟合成数据，推理速度较上一代攀升12被，允许机器人每秒进行上千次的虚拟模拟和路径推演

·      真正开始挖掘了仿佛电影终结者和机械公敌里的机器人通过人工智能对现实世界产生重要交互的发展需求。

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2.    算力构架层面RubinGPU的屋里计算特性

HBM4 的带宽飞跃： Rubin GPU 搭载了 16 层堆叠的 HBM4 内存。物理世界模型需要处理海量的三维空间数据和多模态感知数据（视觉、触觉、激光雷达），HBM4提供的 5.0 TB/s 以上的带宽 解决了物理 AI 的“数据贫血”问题。

Vera CPU 的协同： 物理理解需要极强的逻辑判断和调度，Rubin平台配套的 Vera CPU 针对机器人操作系统（ROS）底层的中断响应进行了硬件级加速，将系统延迟降低了 40%。

这些在计算上和对真实世界的模拟上将进一步推动英伟达将其产业触手从互联网和云端算力供应伸展到智能制造，电子产品AI赋能中来。

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英特尔

相较于科技新锐英伟达，老牌芯片制造商英特尔在本轮AI发展中早期处于极端落后趋势，但是本届CES英特尔的NPU以及其快速落地智能制造将AI从云端搬到端口的发展思路展现了其老牌企业顽强的韧性和弯道超车的发展策略，英特尔股价最近表现也极度抢眼。

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    1. NPU5 架构与“端侧算力”的暴力重构

英特尔在 Panther Lake 中引入了全新的NPU 5 架构，其核心目标是彻底解决本地运行大模型的能效瓶颈。

·      算力指标： * NPU 独立算力：50 TOPS。虽然单看 NPU 算力与 AMD 持平，但英特尔强调的是XPU（全平台算力）协同；平台总算力（XPU）：突破 180TOPS（由 50 TOPS NPU + 120 TOPS GPU + 10 TOPS CPU 组成）。

·      70B模型本地化： 英特尔在现场演示了通过 OpenVINO 优化，在搭载96GB 内存的 Panther Lake 笔记本上本地运行700 亿参数（70B）的大模型。这在过去被认为是只有服务器级显卡才能完成的任务。

·      始终在线的低功耗岛： NPU 5 采用了一种“岛屿架构”，允许 AI 以极低电流处理背景任务（如眼球追踪、实时语音翻译），而无需唤醒高功耗的CPU 核心。

2.    核心动向：18A 制程——IDM 2.0 的“荣誉之战”

英特尔的发展思路非常明确：通过制造工艺的跨代领先，强行在能效比上反超对手。

• RibbonFET 与 PowerVia 技术：     * 8A 制程 引入了全环绕栅极（GAA）和背部供电（Backside     Power）技术；数据效果： 相比上一代，Panther Lake 在同等功耗下多线程性能提升了 60%，并将 4K 视频流播放的功耗降低了 2/3。
• 27 小时续航： 这是英特尔在拉斯维加斯打出的最响亮口号。它不仅重塑了 x86 电脑“笨重耗电”的刻板印象，更是直接向苹果     MacBook 的续航霸权发起挑战。

3.    机器人协同：赋能AMR（自主移动机器人）的“小脑”

·      英特尔通过Robotics AI Suite（机器人AI 套件）将 NPU 的能力直接对接到ROS 2（机器人操作系统）底层；空间计算与避障： 机器人在复杂厂区移动时，需要处理激光雷达（LiDAR）和深度相机的数据。GPU负责复杂的三维建模，而NPU 负责高频的避障推理。NPU处理“感知到障碍物”到“发出转向指令”的时间被压缩到了亚毫秒级，极大地提升了协作机器人（Cobots）与人类共存的安全性。

·      本地自然语言交互：2026 年的趋势是“机器人智能体（Agent）”。工人不需要编写代码，直接通过语音命令（如“去 A 区把那个红色零件拿过来”）与机器人沟通；关键突破：英特尔 NPU 能够本地运行7B-10B 规模的小型语言模型（SLM）。这意味着机器人不需要连接Wi-Fi 即可理解复杂的人类指令，解决了工厂复杂电磁环境下网络信号不稳定的痛点。

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波士顿动力公司：

作为非上市企业波士顿动力公司本轮在CES上也是占尽了风头，早年波士顿动力公司是人形机器人的佼佼者，但是近年来在国内制造业大幅领先的情况下，中国的机器人产业层出不穷快速迭代让波士顿动力公司的受关注程度大幅下降，本次CES上其展示的ATLAS电动版本让人眼前一亮，其中他的全方向灵活度的关节和对动作模拟的深度把控让所有观展者都惊呼神迹，同时韩国的现代公司将会引用该模型对厂区进行进一步机器人升级。

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核心技术特点：

1.  超人类的关节灵活性（56 个自由度）：

• 特点： 不同于人类受限的关节，全电动 Atlas 的关节（如颈部、腰部、腿部）具备     360 度旋转能力。在CES现场展示了从地面直接“翻折”起身，并以人类无法做到的姿态原地转身。以超越人类为前提——在狭窄的工厂车间里，它不需要转身即可后退工作，极大地提高了空间作业效率。

2. 具备触觉反馈的“人类级”灵爪：

• 配备了最新的三指/五指触觉传感器手部，能处理复杂的工业零件，不仅能抓取沉重的汽车悬挂件（负重能力可达     50 公斤），还能通过感知物体的细微纹理和硬度来调整抓取力度，实现了强力与精密的统一。

3. 物理 AI 的深度整合（与 GoogleDeepMind 合作）：

• 接入了 Google 的 Gemini Robotics 大模型，具备了“视觉学习”能力，可以通过观看人类操作视频，自主理解复杂的装配流程，无需程序员逐行编写代码。它正在从“执行指令的机器”变为“能理解任务的智能体”。

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核心总结：

如果说过去AI大模型集中在云服务，线上交互上给人类社会带来发展和效率的提升，今年毋庸置疑将是机器人的年份，AI将不再仅存于显示屏的对话框中而是进入方方面面，先从厂区的生产制造开始，接下来将有更多应用场景出现在我们的生活里，而机器人投资也必将吸引进一步的资金和资本的青睐。

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Asia-Pacific markets start the week with sentiment shaped by China’s mid-week trade data, USDJPY (USD/JPY) as Japan’s key volatility channel, and offshore reporting influencing Australian equities. With a light domestic data calendar, global events may do most of the work on risk appetite.

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Quick facts:

• China's mid-week trade data is the primary regional risk event, with imports monitored for signs of domestic demand stability.
• USD/JPY remains the key volatility channel, which may influence Nikkei performance.
• Australian equities lack major domestic catalysts, leaving the ASX and AUD direction sensitive to China outcomes, geopolitics and US bank earnings.

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This week’s Asia-Pacific focus is less about local policy and more about the transmission channels that typically set the tone. 

For China, trade data may shape the growth narrative. 

For Japan, the USD/JPY direction may influence equity momentum. 

For Australia, offshore earnings, commodities and geopolitics may dominate in the absence of major domestic catalysts.

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China: Shanghai may be influenced by trade data

What to watch:

With mid-week Chinese trade data, markets may view the release as a gauge of whether policy support is translating into growth activity or slowing any downturn.

Key release:

• Wed 14 Jan: Trade balance, exports and imports (December) (high sensitivity)

How markets may respond:

Shanghai Composite: Stronger trade data could support sentiment, though the quality and perceived longevity of any improvement may matter. Weak imports would likely be read as continued softness in domestic demand.

Australia (resources and AUD): China trade and credit tone can feed directly into bulk commodity expectations and regional risk appetite, with potential flow-through to ASX miners and AUDUSD (AUD/USD).

Japan: FX sensitivity remains the key factor

What to watch:

With no major policy decision scheduled, and the producer price index (PPI) the main data point, Japan’s influence this week may run primarily through USD/JPY moves after US data releases, and broader geopolitical headlines, particularly as markets reopen after Monday’s public holiday.

Key releases:

• Wed 14 Jan: Preliminary machine tool orders, year on year (y/y) (low sensitivity)
• Thu 15 Jan: PPI (medium sensitivity)

How markets may respond:

USD/JPY: The pair ended last week around 158, near recent highs. Moves can be volatile; markets will watch whether the pair holds recent strength or retraces, particularly around prior trading ranges.

Nikkei 225: The index hit a record high early last week before a modest two-day pullback, then closed higher on Friday. Equity momentum, often closely tied to FX stability, may be influenced by the strength or otherwise of USD/JPY.

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Australia: offshore drivers dominate in a lighter data week

What to watch:

In the absence of significant domestic data releases, Australian markets may be more exposed to external influences. The main themes are China trade data, geopolitics, commodity prices and the start of the US earnings season, with banks in focus.

Key releases:

• Tue 13 Jan: Westpac consumer sentiment (low sensitivity)
• Thu 15 Jan: Melbourne Institute (MI) inflation expectations (low sensitivity)

How markets may respond:

ASX 200: The index has been consolidating around the 8,700–8,800 area (approx.). Local financial stocks may react to inferences made from US bank earnings. Stocks such as Macquarie Group are typically more sensitive to global market conditions and activity in investment markets, often drawing comparisons with US peers such as JPMorgan Chase (JPM).

AUDUSD (AUD/USD): AUD/USD has pulled back after last week’s gains and is trading near recent highs. Technical commentary is mixed, and price action can change quickly around major offshore events.

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Other Asia-Pacific events

South Korea is expecting an interest rate decision on Thursday. Any deviation from market expectations for no change (currently 2.5% per Trading Economics) could create a minor FX ripple in regional currency pairs.

Asia-Pacific calendar:

• Mon 12 Jan: Japan public holiday
• Tue 13 Jan: Australia consumer sentiment
• Wed 14 Jan: China trade balance, exports and imports‍
• Thu 15 Jan: Bank of Korea rate decision; Japan PPI; Australia inflation expectations

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Bottom line

• If China trade and credit data stabilise, regional equities may move higher, with AUD and ASX resource stocks among the key sensitivity points.
• If USD/JPY extends higher, the Nikkei may remain supported near highs, though FX volatility risk may increase.
• If US bank earnings disappoint, ASX financials could face near-term pressure despite limited domestic data.
• Information is accurate as at 23:00 AEDT on 11 January 2026. Economic calendar events, charts and market price data are sourced from TradingView.

So why do Magnificent 7 (Mag 7) earnings matter for Australians? Because the US earnings season is a different sport from Australia, and this is where the scoreboard sits. These seven names do not just report results, they set the tone for the Nasdaq, the S&P 500, and risk appetite more broadly. They often influence index tone, but market moves are not guaranteed and can fade or reverse.

The Aussie edge: time zones, event windows, and what gets priced

For Aussie traders, the challenge is not just timing. It's overnight gaps, liquidity, and AUD/USD currency moves that can amplify or offset the share price reaction.

Most Mag 7 results land after the US close, so the initial move often hits Sydney morning liquidity. Markets may react first to the headline numbers, then again during the call as guidance, margins and capex are digested — but the sequence varies by quarter.

What this guide gives you, company by company

For each company, we map the US Eastern Time (ET) reporting window and the Sydney time window (AEDT), flag whether it is before or after the US close, and narrow the focus to the few drivers that tend to move price.

Apple Inc (NASDAQ: AAPL)

Apple is a “quality” print until it isn’t. The market doesn’t just ask if Apple beat. It asks whether demand and mix support the next leg.

Reporting window (confirmed)

• US reporting time: Thu, 29 Jan 2026 at 5:00 pm ET (after close)
• AU reporting time: Fri, 30 Jan 2026 at 9:00 am AEDT

Quarter snapshot (Q1)

• Projected consensus earnings per share (EPS): US$2.65
• Projected consensus revenue: US$135.86 billion (bn)
• Call focus: iPhone demand and mix, services trajectory, China and FX translation

Translation: Apple “beats” are common. The repricing comes from demand tone and margin language.

Earnings expectations and how the market will frame it

A “beat” means EPS and revenue come in above expectations, but it only really counts if demand still sounds healthy and the gross margin commentary stays straightforward.

A “meet” means results are basically in line, so attention shifts to the call. Investors will focus on iPhone product mix, how fast Services is growing, and whether any specific regions are weakening.

A “miss” often reacts more negatively if it is driven by weaker demand, because the market may treat it as the start of a trend, not a one time issue. You can also see a big price gap right after the report, before the call even starts.

Meta Platforms Inc (NASDAQ: META)

Meta is expected to report the December quarter, which effectively turns this into a Sydney morning catalyst for Aussie traders. The headline move hits first but the second leg often comes from the call, when guidance and capex ranges get priced.

Reporting window (expected)

• US reporting time: Mon, 2 Feb 2026 at 4:05 pm ET (after close)
• AU reporting time: Tue, 3 Feb 2026 at 8:05 am AEDT

Quarter snapshot (Q4)

• Projected consensus EPS: US$8.29
• Projected consensus revenue: US$58.27 bn
• Call focus: AI infrastructure capex, Ads demand plus Reels monetisation and Reality Labs losses versus discipline

Translation: Meta can beat the print and still sell off if the Street hears “higher spend, longer payoff.”

Earnings expectations and how the market will frame it

A “beat” means EPS and revenue come in above consensus, but it only really counts if guidance stays intact and the 2026 capex and expense ranges do not get wider.

A “meet” is close enough that the stock trades the tone of the call: how broad ad demand looks, whether Reels monetisation is improving, and whether spending sounds capped or more open ended.

A “miss” can turn ugly quickly if it comes with weaker ad demand commentary or higher spend bands. With expectations already high, the initial gap can be sharp, and what happens next depends on whether guidance can steady the story.

Alphabet Inc (NASDAQ: GOOGL)

Alphabet is still an ads engine first, and a Cloud and AI story second. The market wants proof that Cloud profitability and AI spend can coexist without compressing the whole narrative.

Reporting window (confirmed)

• US reporting time: Wed, 4 Feb 2026 at 4:00 pm ET (after close)
• AU reporting time: Thu, 5 Feb 2026 at 8:00 am AEDT

Quarter snapshot (Q4)

• Projected consensus EPS: US$2.59
• Projected consensus revenue: TBC
• Call focus: Search and YouTube ads pricing and volume, Cloud growth and profitability, AI capex and monetisation signals

Translation: The market forgives a lot if ads are strong and Cloud margins keep improving.

Earnings expectations and how the market will frame it

A “beat” means EPS and revenue come in above consensus, but it only really matters if ad demand sounds broad and Cloud profitability does not slip while AI spending ramps.

A “meet” puts the call in the driver’s seat, with investors listening for ad pricing trends, YouTube momentum, and whether capex is moving higher.

A “miss” hurts most if it is driven by weaker ads, because then the market starts debating the ad cycle, not just the company.

Amazon.com Inc (NASDAQ: AMZN)

Amazon is two businesses stapled together in the tape. The market uses AWS to price growth and uses retail margins to price discipline.

Reporting window (expected)

• US reporting time: Mon, 2 Feb 2026 at 4:00 pm ET (after close)
• AU reporting time: Tue, 3 Feb 2026 at 8:00 am AEDT

Quarter snapshot (Q4)

• Prijected consensus EPS: US$1.97
• Projected consensus revenue: US$211.33 bn
• Call focus: AWS growth and margins, retail profitability/fulfilment efficiency, advertising momentum, capex tone

Translation: AWS decides the direction. Retail decides the confidence.

Earnings expectations and how the market will frame it

A “beat” means EPS and revenue come in above consensus, but it only really matters if AWS holds steady or speeds up again and management does not worry the Street with spending plans.

A “meet” puts AWS and margin tone front and centre, and the call does most of the work.

A “miss” usually gets hit hardest when AWS growth slows or operating income guidance disappoints, because that is what can reset the whole valuation debate.

Microsoft Corp (NASDAQ: MSFT)

Reporting window (confirmed)

• US reporting time: Wed, 28 Jan 2026 at 4:00 pm ET (after close)
• AU reporting time: Thu, 29 Jan 2026 at 8:00 am AEDT

Quarter snapshot (Q2)

• Projected consensus earnings per share (EPS): US$3.86
• Projected consensus revenue: US$80.09 bn
• Call focus: Azure growth, AI monetisation (Copilot/attach), capex intensity, and margin trajectory

Translation: This is usually a cloud plus capex trade, not an EPS trade.

Earnings expectations and how the market will frame it

A “beat” means EPS and revenue come in above consensus, but it only really matters if Azure is holding up and capex does not sound unlimited. Beat plus steady cloud trends and stable margins is the upside script the tape usually rewards.

A “meet” puts the focus on the call, especially Azure growth, commercial bookings tone, and how quickly capex is stepping up.

A “miss” usually gets punished most when cloud growth slows or margins get shaky, because that is the key forward anchor the market leans on.

NVIDIA Corp (NASDAQ: NVDA)

Nvidia is the season’s last boss. Markets treat it like a read-through on AI capex itself. The print matters, but guidance and gross margin are the real price setters.

Reporting window (confirmed)

• US reporting time: Wed, 25 Feb 2026 at 4:20 pm ET (after close)
• AU reporting time: Thu, 26 Feb 2026 at 8:20 am AEDT

Quarter snapshot (Q4)

• Projected consensus EPS: US$1.45
• Projected consensus revenue: US$65.47 bn
• Call focus: Data centre demand versus capacity, gross margin trajectory, supply/lead times, next-quarter guide

Translation: Guidance and gross margin commentary often drive the reaction, but outcomes vary.

Earnings expectations and how the market will frame it

A “beat” means EPS and revenue come in above consensus, but it only really matters if the next quarter outlook confirms demand is still strong and the gross margin message stays solid.

A “meet” means the call becomes the decider, and the stock trades the outlook, margins, and what management says about supply conditions.

A “miss” can gap down fast, especially if it comes with softer forward guidance, because the market may take it as a clue about the broader AI spending cycle.

Tesla Inc (NASDAQ: TSLA)

Tesla’s earnings are rarely just about the quarter. The print hits first, but the real repricing usually happens when the call clarifies margins, demand, and the autonomy timeline. For Aussie traders, it’s a Sydney morning catalyst.

Reporting window (confirmed)

• US reporting time: Wed, 28 Jan 2026 at 4:05 pm ET (after close)
• AU reporting time: Thu, 29 Jan 2026 at 8:05 am AEDT

Quarter snapshot (Q4)

• Projected consensus EPS: US$0.44
• Projected consensus revenue: US$25.15 bn
• Call focus: Autonomy/robotaxi cadence, auto gross margin, pricing/demand and energy storage scale

Translation: Tesla can “beat” and still get sold if margins compress or the roadmap tone shifts.

Earnings expectations and how the market will frame it

A “beat” means EPS and revenue come in above consensus, but it only really matters if the margin story stays intact and management does not add fresh uncertainty around pricing or timing.

A “meet” is close enough that the stock trades the tone of the call, especially on demand, how durable margins look, and progress toward autonomy milestones.

A “miss” gets hit fastest when it comes with weaker margin language or softer demand comments, because the market will assume next quarter looks tougher, not easier.