Investment Rating - The report suggests a focus on sectors with strong growth certainty in the first half of the year, particularly AI-PCB, computing hardware, semiconductor self-sufficiency, the Apple supply chain, and AI-driven industries [4][34]. Core Insights - The upcoming release of Grok 4 is anticipated to exceed expectations for Q2 performance, with significant advancements expected in code generation and understanding [1]. - The rapid development of ASIC chips by companies like Google, Amazon, and Meta is expected to drive strong demand for AI-PCB, with a projected increase in the number of ASIC chips exceeding 7 million by 2026 [1]. - The semiconductor industry is experiencing a robust upward trend, with specific segments such as storage chips and AI-PCB showing promising growth [4][22]. Summary by Sections 1. Industry Overview - The report highlights the strong performance of AI-PCB companies, with many experiencing full production and sales, leading to high growth expectations for Q2 and Q3 [1][4]. - The semiconductor materials and components sectors are also expected to benefit from the ongoing demand for AI-related products [4][22]. 2. Key Segments 2.1 Consumer Electronics - Xiaomi has launched its first AI glasses, with various pricing tiers, indicating a growing market for AI-integrated consumer products [5][6]. 2.2 PCB - The PCB industry is experiencing a significant upward trend, driven by demand from home appliances, automotive, and consumer electronics, with expectations for substantial growth in Q2 [8]. 2.3 Components - The demand for components such as MLCCs and inductors is expected to rise due to upgrades in AI devices, with a notable increase in usage and pricing [20]. 2.4 IC Design - The storage segment is projected to see price increases due to supply constraints and rising demand from cloud computing and consumer electronics [22][25]. 2.5 Semiconductor Equipment - The semiconductor equipment market is expected to grow significantly, with a focus on domestic production and self-sufficiency due to geopolitical factors [26][30]. 3. Company Focus - Companies such as 生益科技, 胜宏科技, and others are highlighted as key beneficiaries of the AI-PCB and computing hardware demand [34]. - The report emphasizes the importance of domestic semiconductor equipment manufacturers like 北方华创 and 中微公司 in the context of increasing self-sufficiency [37][40].

「Going Global 出海周报」 是创业邦推出的出海系列栏目，旨在为出海领域的创业者和投资人精选 出海大事件、海外大公司、投融资消息，本篇为栏目第 290 篇报道。 整理丨赵晓晓 凯度、谷歌发布中国全球化品牌榜： 速卖通成为电商领域 第一 《 2025 凯度 BrandZ 中国全球化品牌》 50 强榜单发布， 速卖通 AliExpress 是电 商领域 唯一上 榜平台。此次榜单选取了来自 11 个不同地理区域市场的消费者反馈，包括澳大利亚、巴西、法国、 德国、印度、印度尼西亚、日本、墨西哥、西班牙、美国和英国。 除 速卖通 外，字节跳动（第 6 位）、 SHEIN （第 12 位）同步上榜，覆盖社 交电商 与快时尚领 域。 本周（2025.06.23-2025.06.29）出海大事件包括： 阿里速卖通拿下澳洲下载榜TOP2；TEMU和 甲骨文签订巨额合同；SHEIN秘密提交香港IPO申请；文远知行已秘密提交香港上市申请；阿里云将 在全球节点部署全栈AI能力；菜鸟打通海湾六国，最快3日达；Anthropic将在东京开设首个亚太办事 处；阿联酋蝉联富豪迁移首选地；生成式AI临床对话平台研发商Abridge完 ...

小米集团发布首款AI眼镜；苹果直营渠道首次参加国补。 民航新规"无3C标识充电宝禁止登机"引热议 6月26日，民航局发布通知明确，自6月28日起禁止旅客携带没有3C标识、3C标识不清晰以及被召回的 充电宝乘坐境内航班。民航局在通知中提到，今年以来，旅客携带的充电宝等锂电池产品机上起火冒烟 事件多发。近期多个头部品牌充电宝厂家因电芯存在安全风险对多批次产品实施召回，上述情况表明旅 客随身携带的充电宝存在安全质量隐患。第一财经了解到，这一规定涉及的人群范围较大。 "充电宝必 须有3C认证标志才能销售"是施行不到一年的新规定，目前消费者手中还有大量未有3C认证的产品。叠 加此前罗马仕、安克（Anker）计划召回上百万个充电宝的背景，这或许会带来大量的替代性购买需 求。 点评：此次新规施行后，有网友反馈，苹果原装的Magsafe磁吸充电宝，因为未有3C认证也被扣留。这 些现象也引发了对民航新规的讨论，是否能有更多元的标准来确保充电宝合格，比如有些充电宝购买于 两年前，彼时国内没有落地3C认证，但设备有欧美市场的CE认证和FCC认证标志，也会有基本的质量 保证。此外，机场扣留这些充电宝的同时，对于不是问题批次的产品，为 ...

Investment Rating - The report maintains a neutral investment rating for the U.S. stock market [1] Core Insights - The S&P 500 index reached a historical high, with a weekly increase of 3.4% and the Nasdaq rising by 4.2% [3] - Among 20 industries, 16 experienced gains, with notable increases in semiconductor products and equipment (+8.4%), durable goods and apparel (+8.3%), and media and entertainment (+6.6%) [3] - The report highlights significant capital inflows into the S&P 500, estimating a net inflow of $18.17 billion this week, compared to $14.66 billion in the previous week [4][19] - Earnings expectations for the S&P 500 components were adjusted upward by 0.3%, with semiconductor products and equipment leading the upward revisions (+1.3%) [5] Summary by Sections Price Trends - The S&P 500 index increased by 3.4%, while the Nasdaq rose by 4.2% this week [3] - The leading sectors included semiconductor products and equipment (+8.4%) and durable goods and apparel (+8.3%), while the energy sector saw a decline of 3.4% [3] Capital Flows - The estimated capital inflow for S&P 500 components was $18.17 billion this week, a significant increase from $14.66 billion the previous week [4][19] - The semiconductor products and equipment sector attracted the highest inflow of $5.77 billion, followed by information technology with $5.36 billion [19] Earnings Forecast - The dynamic F12M EPS expectations for S&P 500 components were raised by 0.3%, with semiconductor products and equipment seeing the largest increase of 1.3% [5] - Four industries had downward revisions, with durable goods and apparel experiencing a decrease of 1.0% [5]

外媒称，谷歌证实已收到通知正在进行评估，苹果公司暂未回应。 值得一提的是，对于部分国家泛化国家安全概念、将经贸科技问题政治化的做法，中方此前已多次明确表 示反对。 据环球网援引外媒报道，德国数据保护专员梅克·坎普27日在一份声明中声称，已要求苹果和谷歌公司从其在 德国的应用商店下架中国初创公司自主研发的人工智能（AI）大语言模型"深度求索"（DeepSeek）应用，理由 是所谓数据安全担忧。 坎普指控DeepSeek"非法将用户个人数据传输至中国"，并声称苹果与谷歌需尽快审查这一要求并决定是 否在德国封禁该应用，但未设定具体处理时限。 ...

时序即将进入第三季，尽管全球经济仍具不确定性，产业应用发展却未见停歇。专家预期，第三季的发 展亮点将聚焦在"AI应用深化、工业电脑导入Edge AI、iPhone 17大改款，以及砷化镓驱动的高速通讯需 求"四大主轴，台湾供应链正在迎接新旧动能交替、技术与应用并进的转折期，为下半年带来新契机。 AI产业正快速迈入新阶段，从辅助工具升级为具备决策与执行能力的"Agentic AI"与"AI Agent"。研究 机构Gartner指出，去年全球AI半导体市场规模约为五三七亿美元，到二○二八年将增长近四倍达到一九 六五亿美元。其中，AI推论应用是市场成长的主要推动力。 包括纬创旗下纬软、伊云谷、安碁、宏碁资讯等台湾资讯服务与系统整合业者，都积极强化跨平台部署 与客制化整合能力，希望针对金融、零售、制造等场域提供AI解决方案。 纬软董事长萧清志近日就强调，持续强化AI业务，目标今年AI相关营收比重，将提升至两成。 Edge AI（边缘AI）也将成为新一波成长引擎，据Market Research Future预测，Edge AI硬体规模将从去 年的二十六点八六亿美元，成长至二○三二年的一五九点八八亿美元，年复合成长率 ...

Core Viewpoint - Apple has faced significant challenges in 2025, being the worst-performing stock among the Magnificent Seven, with a total return of approximately -20% [1][2] Group 1: Financial Performance - Apple's product revenue for the last 12 months stands at $298 billion, nearly unchanged from $297 billion in fiscal 2021 [3] - The company's services revenue has reached $102 billion, reflecting a 50% increase from fiscal 2021, with a gross margin of approximately 75% [4] - Overall, Apple's total revenues have increased by around 9% compared to fiscal 2021, while adjusted earnings per share (EPS) have risen by about 20% due to a 9% reduction in outstanding shares, with over $300 billion spent on buybacks [5][6] Group 2: Growth Challenges and Opportunities - Apple needs to re-accelerate its revenue growth, particularly in product sales, as current offerings do not significantly differentiate from older models [7][8] - The company is reportedly planning to invest $500 billion over the next four years to enhance its AI capabilities, which could open new avenues for growth [10] - Despite falling behind in the AI race, Apple's large customer base provides it with time to catch up, and advancements in AI could lead to significant new opportunities [11][12] Group 3: Market Outlook - The 12-month stock price forecast for Apple is $234.39, indicating a potential upside of 16.57% based on 33 analyst ratings [8] - While Apple holds a Moderate Buy rating, it is not currently favored by top analysts compared to other stocks [13]

Core Viewpoint - A class action lawsuit has been filed against Apple Inc. for allegedly making false and misleading statements regarding the integration of advanced AI-based features into its devices, which may have impacted investor decisions and the company's financial prospects [1][5]. Group 1: Lawsuit Details - The class action lawsuit is on behalf of purchasers of Apple securities between June 10, 2024, and June 9, 2025 [1]. - The lawsuit claims that Apple misstated the timeline for integrating advanced AI-based Siri features, which were unlikely to be available for the iPhone 16, potentially harming sales [5]. - Investors are encouraged to join the class action without incurring out-of-pocket fees through a contingency fee arrangement [2]. Group 2: Legal Representation - The Rosen Law Firm, known for its success in securities class actions, is representing the investors and has a strong track record in recovering funds for clients [4]. - Investors can join the class action by submitting a form or contacting the law firm directly [3][6]. - No class has been certified yet, meaning investors are not represented unless they retain counsel [7].

Core Viewpoint - The article discusses a class action lawsuit against Apple Inc. for alleged violations of the Securities Exchange Act of 1934, focusing on misleading statements regarding the integration of advanced AI features into its products and the impact on iPhone sales [1][2]. Group 1: Allegations of the Lawsuit - The lawsuit claims that Apple misrepresented the timeline for integrating advanced AI-based Siri features, leading to doubts about their availability for the iPhone 16 [2]. - It is alleged that the absence of these features would negatively affect iPhone 16 sales and that Apple's business prospects were overstated as a result [2]. - Following the announcement of an indefinite delay in Siri updates on March 7, 2025, Apple's stock price fell [3]. Group 2: Impact on Stock Price - On March 12, 2025, Morgan Stanley analyst Erik Woodring lowered Apple's price target from $275 to $252, citing the delay in Siri features affecting iPhone upgrade cycles, which led to a further decline in Apple's stock price [4]. - An article published by the Wall Street Journal on April 3, 2025, criticized Apple for not delivering promised AI features, resulting in a more than 7% drop in stock price [5]. - On June 9, 2025, during the Worldwide Developer Conference, Apple failed to announce updates on Siri features, causing another decline in stock price [6]. Group 3: Legal Process and Firm Background - Investors who purchased Apple securities during the class period can seek appointment as lead plaintiff in the lawsuit, representing the interests of the class [8]. - Robbins Geller Rudman & Dowd LLP, the law firm handling the case, has a strong track record in securities fraud litigation, having secured over $2.5 billion for investors in 2024 alone [10].

据路透社报道，德国数据保护专员梅克·坎普当地时间27日在一份声明中称，已要求苹果和谷歌公司将 DeepSeek应用从德国的应用商店里下架，理由是所谓"数据保护"方面的担忧。 "中方一贯反对泛化国家安全概念、将经贸科技问题政治化的做法。同时，中方也将坚定维护中国企业 的合法权益。"郭嘉昆说。 坎普在声明中宣称，DeepSeek"非法将用户个人数据传输至中国"，苹果与谷歌需尽快审查这一要求并决 定是否在德国封禁该应用程序，但她未设定具体处理时限。 本文系观察者网独家稿件，未经授权，不得转载。 今年1月，DeepSeek推出R1大模型，凭借其低成本和高效能迅速引发全球行业巨震。不过很快，美国和 部分欧洲国家以DeepSeek的数据安全政策为借口展开审查。 截至目前，意大利已封禁应用商店中的DeepSeek，荷兰则禁止在政府设备上使用该应用程序。比利 时"建议"政府官员不要使用DeepSeek，一位发言人称，"相关分析仍在进行中，以评估应采取的应对方 式。" 针对部分国家传出禁止或限制使用DeepSeek的消息，今年2月，中国外交部发言人郭嘉昆表示，中国政 府高度重视并依法保护数据隐私和安全，从来没有也不会要求企业或 ...