Core Insights - The article discusses the author's investment perspective and portfolio, emphasizing a unique approach to stock analysis and insights [1] Group 1 - The author expresses a beneficial long position in NVDA and AVGO, indicating confidence in these stocks [2] - The analysis aims to provide contrasting views to other investors, highlighting the author's background and expertise in the field [1] - The article encourages readers to engage with the author for further discussion or inquiries [1] Group 2 - The analysis is intended for informational purposes and does not constitute professional investment advice [3] - It emphasizes the importance of conducting personal research and due diligence before making investment decisions [3] - The article notes that past performance is not indicative of future results, underscoring the inherent risks in trading [4]

Core Viewpoint - Advanced Micro Devices (AMD) stock has experienced a significant decline of 22.1% in less than a month, raising concerns about potential further downside due to its very high valuation [1] Historical Performance - AMD has had 8 instances since January 1, 2010, where the stock experienced a decline of 30% or more within a 30-day period [5] - The median return for AMD stock in the 12 months following such dips has historically been 17%, with a median peak return of 76% [3][8] - The median duration to reach peak return after a dip event is 262 days, while the median maximum drawdown within one year of the dip event is -29% [8] Investment Strategy - It is suggested that investors consider a portfolio approach to mitigate risks associated with individual stock dips, as multi-asset portfolios can minimize downside risks while allowing for potential upside gains [6] - The asset allocation strategy of Trefis' wealth management partner has shown favorable returns during market downturns, outperforming benchmarks across major indices [7]

Market Overview - Multiple semiconductor and technology stocks in the US market experienced declines, with Nvidia's drop reaching 3% at one point. As of 20:24 Beijing time, Nvidia and TSMC fell over 2%, while Intel and AMD dropped over 1% [1] - Other popular tech stocks also saw declines, including Tesla down nearly 0.5% and Facebook down nearly 1% [1] Stock Performance - AMD's stock price was reported at $206.020, reflecting a decline of 7.84% - Intel's stock price was $33.620, down 4.24% - Nvidia's stock price was $180.640, down 3.15% - TSMC's stock price was $277.500, down 1.72% - Other notable declines included Amazon down 2.49%, Microsoft down 1.60%, and Apple down 0.86% [2] Cryptocurrency Market - Bitcoin fell below the $81,000 mark, trading at $80,685, a drop of over 12%. Ethereum and SOL also saw declines exceeding 12% [3] - Over the past 24 hours, more than 420,000 traders were liquidated, with total liquidation amounts exceeding $2.1 billion [4] - The cryptocurrency market is experiencing significant volatility, with analysts suggesting that Bitcoin's price is currently weak and may trend downwards [5]

Group 1 - The article highlights a significant decline in multiple chip and technology stocks in the US market, with Nvidia experiencing a drop of up to 3% and other major players like TSMC and Intel also seeing declines of over 2% [1][2] - Concerns are raised regarding the profitability of artificial intelligence projects, which may not generate sufficient returns to justify the substantial investments made in technology [2][3] - The article notes that Bitcoin has fallen below the $81,000 mark, dropping over 12%, alongside significant declines in other cryptocurrencies such as Ethereum and Solana, indicating a broader market sell-off [3][4] Group 2 - The total liquidation amount in the cryptocurrency market over the past 24 hours exceeded $2.1 billion, with over 421,000 traders being liquidated [4][5] - Analysts suggest that the volatility in technology valuations could lead Bitcoin to drop to $75,000 by the end of the year, although a rebound is expected shortly after [5]

Core Insights - Advanced Micro Devices (AMD) has become a prominent player in the artificial intelligence (AI) hardware sector, driven by rising demand for AI accelerators and a strong product roadmap [1] - AMD's stock has increased by 77% this year, significantly outperforming the broader market [1] Financial Performance - AMD's market valuation stands at $363.9 billion, with third-quarter revenue reaching $9.2 billion, a 36% year-over-year increase [2] - Adjusted earnings per share rose by 30% to $1.20, and gross margin was reported at 54% [2] Segment Performance - The data center segment experienced a 22% year-over-year revenue increase, totaling $4.3 billion, with record sales of EPYC processors [3] - The client and gaming segment generated a record $4 billion, up 73% year-over-year, with client revenue increasing by 46% to $2.8 billion and gaming revenue soaring by 181% to $1.3 billion [5] Future Prospects - AMD is preparing for the launch of its 2nm Venice processors in 2026, with strong early testing results and significant client interest [4] - A multi-year agreement with OpenAI to install 6 gigawatts of Instinct GPUs, including MI450 accelerators, is expected to generate over $100 billion in revenue [4]

Group 1 - Multiple AI concept stocks declined in pre-market trading, with Nvidia's drop expanding to 3%, TSMC down 2.9%, and AMD and Oracle falling over 2% [1] - Major tech stocks also experienced declines, including Apple, Tesla, Google, and Microsoft, all trading lower in pre-market [2] - In the Chinese concept stock sector, Xpeng Motors fell over 3%, Alibaba dropped over 2%, and Baidu Group decreased by 1.35% [3]

如果您希望可以时常见面，欢迎标星收藏哦~ 喜欢我们的内容就点 "在看 " 分享给小伙伴哦~ SIA 总裁兼首席执行官约翰・诺伊弗（John Neuffer）表示："在半导体行业充满机遇与挑战的关 键时期，我们非常荣幸欢迎苏姿丰博士担任 SIA 主席。数十年来，苏博士不断推动半导体创新边 界，是行业内极具影响力的杰出领导者。未来一年，我们期待在她的引领下，推动出台促进芯片行 业增长与创新的相关政策，确保美国在这一基础性、变革性技术领域保持全球领先地位。" 苏姿丰博士拥有超过 30 年的半导体行业经验。担任 AMD 董事长兼 CEO 期间，她带领公司成功 转型为全球高性能计算领域的领导者，同时成为先进 AI 芯片的核心供应商。在出任当前职务前， 苏博士曾担任 AMD 首席运营官，期间将公司的业务部门、销售、运营及基础设施整合为统一组 织，聚焦执行效率与市场影响力提升。加入 AMD 之前，她还曾在飞思卡尔半导体（现恩智浦半导 体）、IBM 及德州仪器等企业担任领导职务。苏博士持有麻省理工学院电气工程博士学位，并于 2020 年因对半导体行业的开创性贡献获得罗伯特・诺伊斯奖（Robert N. Noyce Award ...

AMD’s Lisa Su has a new chip and a new goal: To grab a big chunk of an AI business that could reach $1 trillion a year https://t.co/0mO3aGGHkN ...

Core Insights - Nvidia shares experienced volatility, initially rising 5% after a strong Q3 earnings report but closing down approximately 3.15% at $180.64, driven by concerns over high valuations in AI and technology stocks [1][20] - The company reported record revenues of $57 billion, reflecting a 62% year-over-year increase, and provided fourth-quarter guidance that exceeded analysts' expectations [1][20] - Broader market sentiment weakened, with major indices like the S&P 500 and Nasdaq experiencing declines, attributed to fears of an AI-driven bubble and uncertainty regarding Federal Reserve rate cuts [15][20] Company Performance - Nvidia's strong Q3 FY26 results initially boosted its stock, but the momentum quickly faded, dragging the Nasdaq Composite down from a 2.5% intraday rally to a close down 2.15% [6][20] - Other AI-related stocks, such as Advanced Micro Devices, also saw declines, with AMD dropping around 5% after early gains [12][20] - Companies like CoreWeave and IREN Ltd., which are strategic partners with Nvidia, initially saw gains but later reversed, indicating market volatility [13][20] Market Trends - Global markets mirrored the turbulence in U.S. tech stocks, with significant declines in Asian and European indices, including a nearly 11% drop in SoftBank shares [2][8] - The S&P 500 is on track for its worst November since 2008, highlighting deepening fears of an AI-driven bubble [9][20] - Treasury yields stabilized near 4.08%, while oil hovered around $58.09 and gold slipped toward $4,040, reflecting a risk-averse trading environment [7][20] Economic Indicators - The delayed September jobs report showed mixed signals, with hiring exceeding expectations but the unemployment rate rising to its highest level in almost four years, contributing to market uncertainty [17][21] - Japan announced a ¥21.3 trillion ($135.5 billion) stimulus plan to support its economy amid inflation concerns, indicating global policymakers' responses to slowing demand [8][21]

Core Insights - Long-term investments can yield significant returns, with a focus on patience and growth stocks being essential for success [2] - Nvidia and Advanced Micro Devices (AMD) have both shown remarkable returns over the past decade, with Nvidia leading the way [3] Nvidia - A $10,000 investment in Nvidia a decade ago would now be worth $2.41 million, reflecting a staggering 24,000% increase [4] - Nvidia's growth is primarily driven by its dominance in the AI chip market, which has led to high profit margins and substantial sales growth [5] - Currently, Nvidia has a market cap of $4.55 trillion and trades at a P/E ratio of 53, indicating potential for long-term growth despite seeming expensive [7] - While future returns may not match past performance, Nvidia remains a solid long-term investment option [8] Advanced Micro Devices (AMD) - A $10,000 investment in AMD would have grown to approximately $1.1 million over the past decade, with returns of about 10,940% [9] - AMD has been gaining traction in AI chip development and has recently outperformed Nvidia in stock performance this year [10] - The company has a market cap of around $375 billion and trades at a P/E ratio of 114, suggesting it is more expensive than Nvidia but still has growth potential in the AI sector [11] - AMD is gaining recognition and could generate significant AI-related revenue in the near future, making it a viable long-term investment [12]