美国白宫国家经济委员会主任哈塞特（Hassett）：美联储的独立性对于经济稳定至关重要。 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定状况。据此投资，责任自负。 风险提示及免责条款 ...

Group 1 - Mark Mobius warns that gold is currently unattractive and may face significant pressure if the US dollar strengthens, stating he would not buy gold at current levels and would only consider reallocation if prices drop by about 20% [1] - The recent surge in gold prices is attributed to three main factors: continued central bank purchases, inflows into exchange-traded funds (ETFs), and interest rate cuts by major economies [2] - Despite Mobius's cautious stance, most investors remain optimistic about gold, believing that the factors driving last year's price increase will persist into 2026, reflecting differing views on the US dollar's trajectory and the economic outlook [5] Group 2 - Mobius expresses a positive outlook on Asian stock markets, particularly in China, India, and South Korea, citing sustainable growth in China's stock market driven by advancements in technology [6] - He highlights that investments are flowing towards technology sectors in China rather than traditional consumer areas, as the country aims to surpass the US in fields like artificial intelligence [6] - For India, Mobius maintains a bullish perspective due to the government's ongoing increase in spending and investment, especially in technology-related sectors [6]

Core Viewpoint - Micron Technology's board member Teyin Liu made a significant internal purchase of approximately $7.8 million in company shares, marking the first insider buying activity since 2022, indicating strong confidence in the company's future trajectory [1][4]. Group 1: Insider Transactions - Teyin Liu purchased a total of 23,200 shares of Micron stock between January 13 and January 14, 2026, at an average price range of $336.63 to $337.50 per share [1][4]. - Following this insider purchase, Micron's stock price rose by 1% in after-hours trading, reflecting improved investor sentiment [1]. Group 2: Market Sentiment and Analyst Views - Despite the positive signal from insider buying, Wall Street institutions exhibit mixed views on the semiconductor sector, with some investment banks adjusting their focus lists, indicating a complex rotation of funds among different chip giants [3][5]. - The Royal Bank of Canada projects that the AI chip market will exceed $550 billion by 2028, which is expected to benefit the overall semiconductor industry, including storage [5]. - Citibank has taken a cautious approach by removing Micron from its preferred focus list while upgrading Intel, suggesting a shift in institutional preferences despite a generally positive industry outlook [5]. Group 3: Company Fundamentals - Micron maintains a strong competitive position in the memory chip sector, focusing on DRAM design and manufacturing, and has expanded its capabilities through acquisitions [7]. - The company's products are widely used across various sectors, including data centers, smartphones, gaming consoles, and automotive electronics [7]. - Analysts view Micron as a noteworthy investment for 2026 due to its robust financial foundation and leadership in the storage market, although macroeconomic conditions and semiconductor cycle fluctuations remain critical factors for long-term return assessments [7].

Group 1 - The core viewpoint of the article is that private non-residential construction spending in the U.S. is expected to return to growth by 2026, driven primarily by data centers, power infrastructure, and healthcare projects [1][2]. - Goldman Sachs maintains a positive outlook for the market, predicting a nominal growth of 2% in private non-residential construction spending in 2026, followed by an acceleration to 5% in 2027 [1][2]. - The anticipated recovery in the construction sector is expected after a period of adjustment in 2025, with strong demand in specific industries offsetting broader cyclical weaknesses [1][2]. Group 2 - The Dodge Momentum Index indicates a significant increase in data center expansion plans for 2026, supporting Goldman Sachs' assessment of a resurgence in construction activity [1][2]. - Key sectors such as data centers, power infrastructure, and healthcare are projected to dominate the market in 2026, marking a clear turning point compared to 2025 [2][3]. - Structural forces and stimulus measures are expected to drive this rebound, contrasting with traditional cyclical factors that are currently weak [3].

特朗普政府针对美联储发起的最新法律攻势可能正面临事与愿违的风险，这一举动不仅未能逼退现任美 联储主席鲍威尔，反而加剧了外界对其在2026年5月主席任期结束后继续留任美联储理事的猜测。 Northern Trust Asset Management全球宏观主管、鲍威尔的前顾问Antulio Bomfim指出，尽管鲍威尔本人 并不渴望成为"影子主席"，但他作为前任主席的声望、经验以及捍卫机构的记录，将不可避免地使他被 视为美联储内部的另一种权威声音。即便鲍威尔主观上不寻求对抗，客观上的"双重中心"效应也会让投 资者在解读货币政策信号时无所适从。 这种情况不仅会让特朗普提名的新主席难以确立权威，还可能导致市场波动加剧。投资者习惯于从美联 储主席的言论中寻找政策指引，而在一个存在"影子主席"的委员会中，政策沟通的一致性将面临严峻挑 战。 传票风波与鲍威尔的强硬回击 长期以来，鲍威尔对其未来计划讳莫如深，大多数美联储观察家此前预计他将在明年5月离开央行。然 而，司法部的传票改变了这一预期。据报道，传票涉及鲍威尔去年6月关于美联储总部翻新工程的国会 证词。 1月11日，鲍威尔通过书面和视频声明进行了罕见且激烈的反驳。他表 ...

Core Insights - Nvidia is adjusting its product strategy based on a "revenue per GB of memory" model, prioritizing high-margin products due to ongoing GPU memory supply constraints [1][2] - The company may reactivate older GPU production lines to fill market supply gaps, particularly for mid-range products that are being marginalized [1][3] Group 1: Product Strategy Adjustments - Nvidia is focusing on ensuring supply for high-profit models like the RTX 5060 Ti (8GB) while potentially reducing production for mid-range models like the RTX 5060 Ti (16GB) [1][2] - The company aims to optimize revenue by adjusting supply across five product tiers, prioritizing the first, third, and fifth tiers while compressing the second and fourth tiers due to lower revenue contributions per GB of memory [2] Group 2: Market Dynamics and Supply Chain - Nvidia may restart production of older models like the RTX 3060 to fill supply gaps in the mid-to-low-end market, allowing new generation resources to focus on higher-margin products [3][4] - The demand for general-purpose DRAM in data center construction is driving the current memory shortage, causing Nvidia's consumer GPU business to become strategically less important [4]

在战略层面，格陵兰为美国及其竞争对手提供了独特的北极优势。该岛不仅拥有位于皮图菲克（Pituffik）的关键导弹跟踪系统，更紧邻新兴的北 极海上航道。据预测，在未来几十年内，这些航道可能将亚洲至欧洲的航运时间缩短高达50%，这将彻底重塑全球物流版图。此外，格陵兰拥有 巨大的稀土储备，据估计高达150万吨（1.5m tonnes）。在美国极力减少对中国矿产主导地位依赖的大背景下，这一资源储备构成了另一个无法抗 拒的诱因。 德银推演：决定未来的四种路径 德意志银行认为，格陵兰岛可能成为冲击全球市场的"黑天鹅"。 据央视新闻报道，特朗普总统已公开重申美国对收购或控制格陵兰的长期兴趣。值得警惕的是，这一政策背景建立在美国近期单边军事行动的模 式之上——包括2025年对伊朗和2026年对委内瑞拉的行动。白宫方面已确认，军事选项仍在审查之中。 据追风交易台，1月15日，德意志银行发布的研究报告显示，格陵兰的局势已经到了临界点。尽管格陵兰位于北美大陆，人口不足60,000人，但其 领土面积却相当于除俄罗斯以外欧洲最大国家的四倍。为了让投资者直观理解这一比例，德银指出，法国的人口是格陵兰的1000多倍，但领土面 积仅为格陵兰 ...

中际旭创控股股东减持计划实施完毕公告要点 减持前：持股12,694.01万股，占比11.42% 减持后：持股12,144.01万股，占比10.93% 股份来源：首发前股份及资本公积转增股份 一、减持实施情况 减持主体：控股股东山东中际投资控股有限公司 减持数量：550万股，占总股本0.49% 减持方式：大宗交易 减持均价：521.73元/股 减持期间：2025年11月20日至2026年1月15日 二、持股变动情况 三、重要承诺 中际控股及其一致行动人承诺：自本次减持完成后12个月内不再减持公司股份。 四、其他说明 本次减持不改变公司控制权，不影响公司治理结构和持续经营。减持符合相关法规要求，与此前披露计 划一致。 ...

Group 1 - The Indian Rupee is facing multiple pressures, including foreign capital outflows, a strengthening US dollar, limited support from the central bank, and trade disputes with the US, pushing it to a one-month low [1][3] - As of January, foreign investors have withdrawn $1.6 billion from the Indian stock market, continuing a trend from the previous year where $17 billion was withdrawn, highlighting the increasing capital outflow issue [3][4] - The depreciation of the Rupee poses a dual threat to India, a net oil importer, as it raises inflation risks and erodes returns for foreign investors, with the Rupee down approximately 5% in 2025, making it the worst-performing currency in Asia [3][4] Group 2 - The capital outflow is the most direct pressure on the Rupee, with foreign investors withdrawing $1.6 billion from the Indian stock market in January alone, following a total of $17 billion in 2025 [4] - The delay in trade agreements with the US has further dampened market sentiment, with a proposed 50% tariff on Indian goods set to take effect on August 27, 2025 [4] - The reliance on volatile foreign capital inflows has increased, with MUFG Bank Ltd. adjusting its Rupee forecast to 92 by the end of September, down from a previous expectation of 90.80 [4]

公司表示，在AI算力、数据中心、高性能计算等关键领域，多款高端产品已实现大规模量产，带动产品结构向高价值量、高技术复杂度方向升 级，高端产品占比显著提升，推动公司业绩高速增长。 胜宏科技预计业绩实现爆发式增长，得益于全球AI基础设施建设浪潮推动高端印制电路板需求激增。 公司1月16日发布业绩预告显示，预计2025年度归属上市公司股东净利润为41.6亿元至45.6亿元，同比增长260.35%至295%。扣除非经常性损益后 的净利润预计为41.5亿元至45.5亿元，同比增长263.59%至298.64%。这一业绩表现远超上年同期水平。2024年度公司归属净利润为11.54亿元，扣 非净利润为11.41亿元。 胜宏科技在业绩说明中表示，2025年度公司坚定"拥抱AI，奔向未来"战略，精准把握AI算力技术革新与数据中心升级浪潮带来的历史新机遇。随 着全球AI基础设施与算力需求的持续扩张，公司持续巩固在全球PCB制造领域的技术领先地位。 公司凭借行业领先的技术能力、品质能力、交付能力和全球化服务能力，成为国内外众多头部科技企业的核心合作伙伴。这一市场地位的确立为 公司在AI算力产业链中占据有利位置奠定基础。多款高端产品 ...