Investors seeking white-hot growth over the past decade or so could do no better than investing in the best tech stocks.Try to list some of the biggest investing mega-trends in recent memory; you'll find it difficult to think of anything that doesn't involve the information technology sector.Semiconductors. Big data. The Internet of Things. Cloud computing. Machine learning. Artificial intelligence.Subscribe to Kiplinger’s Personal FinanceBe a smarter, better informed investor.Save up to 74%Sign up for Kipl ...

Key Takeaways AMD's gross margin rose for the fifth consecutive quarter, reaching 53.7% in Q1 2025. Strong Ryzen and data center demand drove margins higher through increased ASPs and a richer product mix. AMD guides Q2 gross margin near 54%, excluding an $800M charge linked to MI308 export controls.Advanced Micro Devices (AMD) is benefiting from sustained gross margin expansion, driven by a richer mix of high-end Ryzen processors within its client segment and a higher percentage of data center product s ...

傅里叶的猫AI . 以下文章来源于傅里叶的猫AI ，作者猫叔 傅里叶的猫，防失联。半导体行业分析 推荐大家关注新号：傅里叶的猫AI 在2022年的2月14日，AMD以490亿美元的高价收购了Xilinx，现在已经过去3年半了，这篇文章我们就 聊一聊收购后的情况。 AMD看上XIlinx什么了？ Xilinx作为全球第一大FPGA厂商，在5G通信、汽车、工业、航天和国防等市场都有很高的影响力，但 AMD收购Xilinx，肯定不是为了这些市场。按苏妈的规划，肯定是为了AI、数据中心、边缘计算等未来 更有发展前景的领域。 在技术层面，Xilinx的FPGA、可编程SoC和AI引擎技术与AMD的CPU和GPU形成了良好的互补，为数 据密集型应用和嵌入式AI提供更高效的解决方案。 而且Xilinx优秀的工程师们和积累已久的众多IP，也都是珍贵的资产，但哪些IP真正能起到1+1> 2的效 果，不得而知。 关于FPGA做数据中心 虽然这篇文章写的是AMD和Xilinx，但我们还是得聊点历史。当年Intel之所以收购Altera，就是被微软 忽悠了。微软一直在吹FPGA在数据中心的泡沫，也一直在促使Intel和Altera的 ...

Monthly subcutaneous migaldendranib shows favorable safety with sustained efficacy through 24 weeks in patients with DME and wet-AMD Novel subcutaneous delivery may offer a more patient-friendly alternative to intravitreal injections, with the potential to significantly reduce treatment burden REDWOOD CITY, Calif., June 30, 2025 (GLOBE NEWSWIRE) -- Ashvattha Therapeutics (“Ashvattha”), a clinical-stage company advancing a new class of nanomedicine therapeutics that traverse tissue barriers to selectively t ...

With June drawing to a close, it’s time to look at the hot buys for July. The hot buys for July have numerous factors in common, including momentum-driven stock price movements and an outlook for substantial upside. The best news is that momentum-driven stock price rallies are, in turn, driven by improving fundamentals, growth, and cash flow gains that provide value for investors and will continue to deliver as the year progresses.  Get Zscaler alerts:Zscaler: The Most-Upgraded Stock From Q1 Zscaler TodayZS ...

——存储芯片周度跟踪（2025.06.23-2025.06.27） ◼ 核心观点 NAND：CFM称部分原厂 NAND 产能转向先进制程，预计 2025年下 半年 1Tb NAND 供应增加。根据 DRAMexchange，上周（20250623- 0627）NAND 颗粒 22 个品类现货价格环比涨跌幅区间为 0.00%至 3.82%，平均涨跌幅为 1.56%。其中 5 个料号价格持平，17 个料号价 格上涨，0 个料号价格下跌。根据 CFM 闪存市场报道，2025 年下半 年起，部分存储原厂产能将陆续切换新制程，推动单 die 1Tb NAND 供应增长，并积极在手机、PC、服务器等应用领域加速客户认证工 作。未来，随着原厂产能向大容量 NAND 逐渐倾斜，加上国内厂商 产能快速爬坡，市场竞争将进一步加剧。 电子 行业研究/行业周报 CFM 称大容量 NAND 供应或增加，DDR4 高位横盘 DRAM：美光在 1-gamma DRAM 技术节点已取得显著进展。根据 DRAMexchange，上周（20250623-0627）DRAM 18 个品类现货价格 环比涨跌幅区间为 0.14%至 24.70%，平均 ...

公众号记得加星标⭐️，第一时间看推送不会错过。 AMD 的成功始于其 Zen 架构。由于英特尔在推出 Sapphire Rapids 时遭遇重大延误和问题，AMD 的市场份额迅速从 2020 年的 10% 左右上升至 2021 年和 2022 年的 20%以上 。 IDC 和 Mercury Research 的专家表示，这一趋势将会加速。到 2025 年底，AMD 的收入市场份额 预计将升至 36%，英特尔的份额将进一步降至 55% 左右。基于 ARM 的服务器处理器虽然仍不到 10%，但也开始取得显著进展，逐步抢占市场份额。 展望未来，到2027年，AMD的市场份额可能达到40%，而英特尔预计将跌破象征性的50%门槛。 ARM处理器可能会继续稳步增长，市场份额可能达到10%至12%。分析师预测，到2028年，AMD和 英特尔可能会平起平坐——这将标志着该行业的一个重大转折点。 值得注意的是，这些变化主要反映的是营收，而非处理器的销量。AMD 在高端高端产品的销售方面 尤其成功，而英特尔凭借价格更亲民的服务器 CPU 仍然占据着销量主导地位。 这一趋势短期内似乎不太可能逆转。AMD 强大的产品路线图和持续的 ...

Core Insights - AMD is often overlooked by investors due to its second-place market share in the AI-driven data center accelerator market, trailing behind Nvidia [1] - CEO Lisa Su has a strong track record of exceeding expectations, and AMD's recent data center chips are gaining traction [2] - AMD has been consistently increasing its PC market share against Intel, indicating strong competitive positioning [2] - The long-term growth potential in AMD's core markets makes it a compelling investment opportunity [2] Market Growth Projections - Data center capital expenditure is projected to double over the next three years, with the data center accelerator market expected to grow from approximately $34 billion last year to $166 billion by 2030 [5] - The gaming GPU market is currently a $5 billion opportunity, anticipated to increase more than sixfold by 2030 [5] - The automotive GPU market is expected to reach $45 billion by 2030, reflecting a 33% annualized growth rate [5] - The global GPU market is forecasted to grow from $62 billion in 2024 to over $460 billion by 2032, representing a 29% annualized growth rate [5]

Group 1: AI Stocks Overview - Many AI stocks have struggled at the start of 2025 due to factors like DeepSeek's low-cost AI modeling breakthrough and geopolitical concerns [1] - President Trump's "Liberation Day" announcement marked a low point for many AI stocks, but some have managed to achieve net gains for the year [2] Group 2: Taiwan Semiconductor Manufacturing Company (TSMC) - TSMC holds over two-thirds of the foundry market and serves major clients like Nvidia, Apple, and Broadcom [4] - Despite geopolitical tensions with China, TSMC's stock has rebounded, showing a 14% increase year-to-date [5] - TSMC reported Q1 2025 revenue of $25.5 billion, a 42% increase year-over-year, with net income rising 60% to $11 billion [6] - The company forecasts Q2 revenue between $28.4 billion and $29.2 billion, indicating continued growth [7] - TSMC's P/E ratio is 29, suggesting it may be undervalued as demand for AI chips continues to rise [8] Group 3: Nvidia - Nvidia, a leader in AI data center chips, has seen its stock rise 16% year-to-date after a significant drop earlier in the year [9] - The company's revenue increased from $27 billion in FY 2023 to $130 billion in FY 2025, indicating strong business growth [10] - AI is expected to drive substantial investments in data centers, with global expenditures projected to grow by 21% annually, surpassing $1 trillion by 2029 [11] - Analysts predict Nvidia's full-year revenue will reach $200 billion this fiscal year and $250 billion next year, with earnings expected to grow nearly 29% annually over the next three to five years [12] Group 4: Advanced Micro Devices (AMD) - AMD's stock has surged 19% in 2025, recovering from a 63% decline between February 2024 and April 2025 [14] - The company is positioned well in the AI market with new GPUs that compete with Nvidia's offerings [15] - Analysts estimate AMD's sales will reach $31.8 billion in 2025 and $37.4 billion in 2026, reflecting year-over-year growth of 23% and 18% respectively [16] - AMD's gross margin improved to 50% in Q1 2025, up from 42% in late 2022, narrowing the gap with Nvidia's 61% gross margin [17] - Overall, AMD is expected to continue its upward trajectory with new product launches and increasing sales [18]

Core Viewpoint - The article provides an analysis of TSMC's CoWoS and WMCM technologies, focusing on customer demand, capacity forecasts, and investment outlooks, particularly in the semiconductor industry [1]. Customer Demand Analysis - For NVIDIA, JP Morgan forecasts a 25% increase in CoWoS demand by 2026, reaching 58% market share, driven by the migration to the Rubin platform, which will increase package size by 50% [2]. - AMD's CoWoS demand is expected to be weak in 2025 and 2026 due to restrictions on the MI300 series in the Chinese market, but there is optimism for the MI400 series in late 2026 and 2027 [3]. - Broadcom is projected to see stable growth in ASIC demand, particularly from Google TPU, with Meta expected to start mass production of its CoWoS-based AI accelerator in 2025 [4][5]. Capacity and Technology Analysis - TSMC's CoWoS capacity is expected to stabilize by 2027, with a slight slowdown in expansion plans due to reduced GPU demand in China [10]. - By 2026, CoWoS-L is anticipated to account for 64% of TSMC's total CoWoS output, driven by more customers migrating to this technology [13]. - WMCM technology is simpler than CoWoS and is expected to significantly expand, with production capacity projected to reach 27,000 wafers per month by the end of 2026 and 40,000 by the end of 2027 [15]. Overall Consumption Forecast - Total CoWoS consumption is projected to grow from 134,000 wafers in 2023 to 1,132,000 wafers by 2027, reflecting a compound annual growth rate of 32% [11]. - NVIDIA's CoWoS consumption is expected to increase significantly, with projections of 705,000 wafers by 2027, while AMD's consumption will remain modest [11]. - The overall market for CoWoS is expected to see a shift towards CoWoS-L, with a majority of customers adopting this technology by 2025 [11][12].