新闻解读评级说明：五星重磅，四星重要，三星级以下大家选择听。 （文稿为机器转录，如有出入，请以音频为准） 每天10分钟拆解新闻背后的逻辑。大家好，今天是2025年的12月4号星期四，我是董小姐。 本篇评级为★★★，主要围绕以下内容展开： 1、美国政府能点亮"机器人赛道"吗？ 2、成交量持续下降，年底前谨慎为主 如有疑问请以音频内容为准，添加妙投小虎哥微信miaotou515，入群有机会与董小姐进一步交流。 1、美国政府能点亮"机器人赛道"吗？ 今天，国内科技板块在海外消息带动下集体上扬，前沿方向的机器人表现尤为突出。我们一起看看背后 交易机会究竟有多大、值不值得参与。 机器人板块今日涨幅超过2%，主要受美国消息刺激：市场传言美国政府或将给机器人行业开政策绿 灯，以加速技术迭代；同时，马斯克在社交媒体发布旗下"擎天柱"机器人跑步短视频，步态极似真人， 显示技术再度升级，迅速吸引全球目光。受上述因素提振，美股机器人产业链公司昨夜大涨，部分概念 股单日翻倍。 美国为何如此重视人形机器人？这与国家战略密切相关。美国迫切希望高端制造业回流，解决产业空心 化，但人力资源不足、成本过高，成为制造业回流的"拦路虎"。一旦人形 ...

Group 1 - The three major indices experienced a high-to-low trading pattern, with total trading volume increasing to nearly 1.7 trillion [1] - Over 3,800 stocks in the market closed lower, with nearly 20 non-ST stocks dropping over 10%, primarily from previously leading sectors [1] - The recent adjustments in the market are driven mainly by large-cap fund reallocations rather than a simple exit of funds [1] Group 2 - The top performing sectors included diamond cultivation, coal, pharmaceuticals, and aerospace, indicating diverse investment interests [2] - The trading volume for the Shanghai and Shenzhen markets is projected to be significant, reflecting active market participation [2] - The presence of ST stocks in both rising and falling categories suggests ongoing volatility and investor caution [2]

本篇评级为★★★，主要围绕以下内容展开： 1、热点"昙花一现"，市场偏好"防守策略" （文稿为机器转录，如有出入，请以音频为准） 每天10分钟拆解新闻背后的逻辑。大家好，今天是2025年的12月3号星期三，我是董小姐。 1、热点"昙花一现"，市场偏好"防守策略" 今天国内A股市场整体走势偏弱，资金情绪谨慎，涨幅居前的板块大多属于稳健赛道或安全边际较高的 政策指向型消费赛道。表现最亮眼的是酒店餐饮细分赛道，涨幅超过2%；其余领涨板块则因分红率较 高而受到资金青睐，典型如煤炭和电力，均收红。 市场情绪整体低迷，三大指数全部收跌，成交量1.67万亿元，若与近几周均值相比，处于较低水平。与 上述稳健赛道形成对比的是，此前短期炒作的热门板块今日大幅回落：商业航天及福建等区域概念因行 业利好兑现完毕，纷纷向下回踩。 本文为妙投付费内容，上述仅为摘要，购买本专栏即可解锁完整内容。新用户可免费领本专栏7天阅读 体验机会，在妙投APP-我的-权益兑换 输入"妙投888"即可领取。 2、等待开年长线机会，看海外资金回流信号 如有疑问请以音频内容为准，添加妙投小虎哥微信miaotou515，入群有机会与董小姐进一步交流。 新闻解读 ...

Market Performance - The three major indices reversed the previous day's upward trend, with the Shanghai Composite Index falling below the 3900-point mark, closing down 0.42% [1] - The Shenzhen Component Index and the ChiNext Index also declined, down 0.68% and 0.69% respectively [1] - Trading volume dropped again, with total turnover falling below 1.6 trillion, approaching the four-month low recorded last Friday [1] Sector Performance - Notable sectors that experienced gains included the Fujian Free Trade Zone and Haixi concept, with a total of 12 stocks rising [2] - Aerospace and AI mobile phone sectors also showed positive performance, with 16 and 4 stocks increasing respectively [2] - The real estate sector saw a rise of 7 stocks, indicating some resilience amidst broader market declines [2]

Group 1 - The pressure on funds remains, resisting the temptation of "hot tracks" [3] - Domestic three major indices collectively retreated, with previously high-performing sectors like non-ferrous metals experiencing a drop of over 2% in a single day [3] - As the year-end approaches, the pressure on the funding side becomes increasingly evident, with trading volume shrinking to 1.59 trillion yuan, marking a new low for the stage [3] Group 2 - The increase in trading volume of over 200 billion yuan yesterday was attributed to passive trading resulting from index rebalancing, rather than genuine market activity [3] - The current data suggests a cautious approach to the short-term market as the year-end approaches, with a lack of funds potentially leading to a "short-lived" market and increased risk of pitfalls [3]

作为12月和本周的首个交易日，市场呈现价升量增行情也在情理之中，未来能否持续维持目前量能水平仍有不小难度。因此今日虽然三大 指数均以近乎光头阳收复60日均线，但沪指距离日线布林中轨线尚有距离，且几大指数日线MACD仍未实现向上金叉，多空双方围绕60日 均线的争夺仍将反复上演。 | | 同湖 九转 热点掘全 加回选 均线 窗 ◆ | | َ ِ َ َ َ َ َ َ َ َ َ َ ​ | | | | --- | --- | --- | --- | --- | --- | | | ◎ノ◎日時間日日 | | 11 | | 45/649 | | | 1940.736 | 中正2000日 13 1 | | | | | | | ZH | 39. | | 沪深300ETF泰康 | | | | 898 | 2 4628.02-4624.90 | | 三市成交额(沪深京) | | | | दिवी | | | 预估成父额 | | | | 最新 1868 | | | 较上日此时 | | | | 涨跌 840 | +13 | | 沪股通额度余额 | | | | 涨幅 | +0. | | 总市值 | | | | 振幅 | 0.0 ...

Group 1 - The article discusses the recent trends in gold prices, highlighting a significant point to watch as expectations for a Federal Reserve interest rate cut rise, leading to a decline in the US dollar index and a corresponding increase in precious metals like gold and silver, as well as base metals such as copper and aluminum [3] - The anticipated peak of this trend is expected around December 10, coinciding with the Federal Reserve's interest rate decision, with a cautionary note on potential short-term pullbacks following the realization of these gains [3] - The US stock market is experiencing a dual effect of benefiting initially from rate cut expectations but may face pressure post-decision due to narrowing interest rate differentials between the US and other major economies, potentially leading to capital outflows [3] Group 2 - The narrowing of the 10-year Treasury yield spread between China and the US could result in some US dollar funds returning to markets like China and Japan, especially if the Bank of Japan raises interest rates in December, which would further compress the US-Japan yield spread [3] - The recent rise of the Japanese yen against the US dollar is seen as an early signal of capital returning to Japan [3]

Core Viewpoint - The news highlights a significant market reaction to the rumor that Intel will manufacture Apple's M-series chips, indicating a potential shift in the semiconductor landscape and a re-evaluation of Intel's market position [1][3]. Group 1: Apple's Endorsement - Apple ships 20 million "standard" M-series chips annually, and transferring production to Intel would significantly impact Intel's business [4]. - Apple's role as a stringent quality inspector adds credibility to Intel's manufacturing capabilities, especially for the simpler M-series chips [4]. - Intel has entered a substantive collaboration phase with Apple, having signed a confidentiality agreement and received advanced process design kits (PDK) [6][4]. Group 2: Cook's Strategy - Apple's decision to support Intel, despite TSMC's strong performance, serves as a political statement and aligns with U.S. manufacturing policies [7]. - By outsourcing the production of lower-end M-series chips to Intel, Apple aims to diversify its supply chain and reduce dependency on TSMC [8][10]. - Establishing a dual-supplier system with Intel and TSMC is crucial for Apple to mitigate capacity risks and enhance bargaining power [9]. Group 3: Valuation Reconstruction - The market's reaction reflects a potential breaking of Intel's "IDM curse," as major tech companies show interest in Intel's manufacturing capabilities [11][16]. - Intel's previous struggles with its IDM model have led to significant capital expenditures with minimal returns, but the prospect of securing high-profile clients could change this narrative [14][15]. - The involvement of top-tier clients like Apple, Google, and Meta increases the likelihood of Intel's success in its foundry business, potentially leading to a substantial increase in its market valuation [17][18].

| 阴 加自选 均线 窗 预测 ◆ | | | 上证指数 000001 | | 自选 均线 窗 ◆ | | | | 同花顺全ACE 深泉 1 883957 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 60000000000 | 4051 | 3888.60 | +13.34 | +0.34% | 6 0 0 9 0 | 1959 | 1868.916 | | +21.284 | +1.1 | | | | 上证指数ETF | +0.42% | | | | 中证2000ETF富国 | | +1.68% | | | | | 三市成交额(沪深泉) | | 1.60万亿 | | | 2 大盘K线区间统计 | | | × | | | | 预估成交额 | | 1.60万亿 | | 1885 | 起始时间: | | | | | | | 较上日此时 | | | | 1869 | | 2025-11-24 | A | 周期个数: | | 3927.51-3912.01 | | 沪股通额度余额 | | 额度充足 | | | 终止 ...

Group 1 - The market is anticipating significant policy announcements from the upcoming Political Bureau meeting and the Central Economic Work Conference, which are expected to set directions and tasks for the economy, but will not reveal the GDP target for next year until March [3][4] - There is a discrepancy in expectations as the market hopes for strong stimulus measures, but recent macroeconomic data has been weak, with the November manufacturing PMI only slightly increasing by 0.2 and remaining below 50, indicating overall contraction [4] - The service sector's business activity index saw a significant decline of 0.6, also remaining in the contraction zone, highlighting the need for potential stimulus [4] Group 2 - Recent credit data from mid-November indicates weak financing demand in the real economy, further supporting the need for policy intervention [5]