Core Insights - JR Research is recognized as a top analyst in technology, software, and internet sectors, focusing on growth and GARP strategies [1] - The investment approach emphasizes identifying attractive risk/reward opportunities with robust price action to generate alpha above the S&P 500 [1][2] - The investment group Ultimate Growth Investing specializes in high-potential opportunities across various sectors with a focus on strong growth potential and contrarian plays [3] Investment Strategy - The strategy combines sharp price action analysis with fundamental investing, avoiding overhyped stocks while targeting battered stocks with recovery potential [2] - The investment outlook is typically 18 to 24 months for the thesis to materialize, aiming for robust fundamentals and attractive valuations [3] Target Audience - The group is designed for investors looking to capitalize on growth stocks with strong fundamentals, buying momentum, and turnaround plays [3]

国芯网[原:中国半导体论坛] 振兴国产半导体产业！ 半导体公众号推荐 不拘中国、 放眼世界 ！ 关注 世界半导体论坛 ↓ ↓ ↓ 5月29日消息，AMD官方宣布，已经收购了专注于光子电路研发的企业Enosemi，被视为进一步加强与 NVIDIA、Intel等友商甚至与中国竞争的举措。 光子电路或者说硅光子技术，核心是利用光子而非传统电子来传输信息，早就被视为未来计算的关键技 术，众多科技企业都已纷纷投入其中。对比传统电子电路，硅光子具有更快的速度、更高的带宽、更优 的能效，已经在网络交换机、芯片间互连等领域得到应用。 Intel 20年前就在硅光子领域取得了重大突破，PCIe 7.0技术标准也在考虑引入光学传输，SK海力士最近 甚至搞出了光学SSD。 Enosemi总部位于硅谷，2023年起与AMD、格芯(GlobalFoundries)等展开合作，提供硅光子IP的授权、 制造和交付。AMD表示，Enosemi将帮助AMD快速提升支持和开发在下一代AI系统中集成各种硅光子 技术、整合封装光学方案的能力。 AMD还强调，此次收购可进一步将AMD领先的CPU、GPU、自适应SoC与增强的网络、软件、系统集 成技术 ...

英伟达(NVDA.O)带动芯片股走强，美光科技(MU.O)涨3.2%，AMD(AMD.O)涨2%，高通(QCOM.O)涨 超1.3%。 ...

Core Insights - Nvidia reported a revenue of $44.06 billion for the previous quarter, marking a significant increase from $26.04 billion in the same quarter last year, reflecting a growth of approximately 69.3% [1][2] - Operating income rose from $16.9 billion to $21.6 billion, and diluted earnings per share increased from $0.60 to $0.76 [2] Company Analysis - **AMD**: Advanced Micro Devices, a key competitor to Nvidia, saw its stock decrease by 6.44% year-to-date. However, HSBC raised its price target from $75 to $100, leading to a nearly 4% stock gain on the same day. AMD is making strides in the AI sector with the launch of a new AI chip tailored for the Chinese market, which is expected to generate interest [3][5] - **Super Micro Computer**: This company, which manufactures servers for Nvidia chips, experienced a 4.4% increase in stock price following Nvidia's Q1 report. AI now constitutes nearly 70% of Super Micro's revenue, positioning it to benefit from increased demand as Nvidia transitions to Blackwell chips [6][8] - **CoreWeave**: A rapidly growing cloud-computing startup backed by Nvidia, CoreWeave operates a $1.6 billion supercomputer data center in Texas. With Nvidia reporting record data center sales of $39.1 billion for Q1 2026, up 73% from the previous year, CoreWeave is well-positioned for growth. The company projects revenue of $5.1 billion in 2025 and has appointed a new Vice President of Government Affairs to strengthen ties with government entities [9][10]

当地时间周三，AMD宣布收购一家名为Enosemi的初创公司。 该公司是一家专注于硅光子设计支持和设计IP的新型无晶圆厂半导体企业，由一群经验丰富的管理团队 领导，在硅光子、模拟混合信号、激光器、控制、封装和系统硬件方面都拥有非常丰富的知识储备。 随着 AI 大模型从百亿参数向万亿参数跃迁，数据中心的算力需求正以指数级爆发。 当传统电互连技术开始遭遇速率的瓶颈时，硅光子技术有望成为打破算力瓶颈的战略突破口。 这种利用光子传输数据的创新方案，不仅能实现每秒数百吉比特的传输速率，更将能耗降低 20% 以 上，成为支撑下一代 AI 系统的核心技术之一，AMD自然不会错过。 从外部合作到战略并购：AMD 的技术整合路径 AMD 对硅光子技术的探索其实早有铺垫。 早在2023年底，AMD就与多家初创公司展开硅光子研发合作，试图通过外部资源快速切入这一领域。 而Enosemi 的出现则为其提供了更直接的技术跳板。 这家成立于2023年的硅谷初创公司，虽仅筹集了15 万美元风险投资，却掌握着光子集成电路的量产能 力 —— 其产品已应用于数据中心光互连场景，将计算与网络组件高效集成。 更关键的是，Enosemi 团队与 AM ...

Core Insights - Advanced Micro Devices (AMD) has started 2025 on a negative note, with the stock down approximately 5% year-to-date and experiencing a significant decline of 65% from its all-time high of $227 per share [1] Company Performance - AMD's stock performance reflects broader market challenges and investor sentiment, indicating potential volatility in the semiconductor sector [1] Investment Strategy - The focus is on building a portfolio that balances strong growth potential with solid fundamentals, emphasizing high-quality businesses with industry-leading profitability and low leverage [1]

如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容 编译自 semiwiki 。 WSTS 报告称，2025 年第一季度半导体市场收入为 1677 亿美元，比去年同期增长 18.8%，比上 一季度下降 2.8%。2025 年第一季度对于大多数主要半导体公司来说都是疲软的。下表中的 16 家 公司中有 10 家的收入与 2024 年第四季度相比有所下降，从博通的 -0.1% 到意法半导体和铠侠的 下降超过 20%。六家公司报告收入增长，从德州仪器的 1.5% 到英伟达的 12% 不等。2025 年第 二季度的前景喜忧参半。在提供指引的 14 家公司中，有 9 家预计 2025 年第二季度的收入将较 2025 年第一季度增长，其中 SK 海力士的增长幅度最高，为 14.6%。联发科预计收入持平。四家 公司预计收入将下降，其中铠侠的降幅最大，为 10.7%。 | | | | Change versus prior quarter in local currency | | | | --- | --- | --- | --- | --- | --- | | | | US$B | | Reported Guidanc ...

证券研究报告 | 2025年5月29日 主题投资月度观察(2025年第5期) 全球AI跃进与中国硬科技突围 策略研究 · 策略专题 证券分析师：王开 021-60933132 wangkai8@guosen.com.cn S0980521030001 证券分析师：陈凯畅 021-60375429 chengkaichang@guosen.com.cn S0980523090002 请务必阅读正文之后的免责声明及其项下所有内容 核心观点 请务必阅读正文之后的免责声明及其项下所有内容 ◼ 海外科技映射：（1）OpenAI 收购苹果前设计团队：将以65亿美元收购前苹果首席设计师乔尼·艾维创立的AI硬件公司io，2026 年推出非替代 手机的全新 AI 设备，减少屏幕依赖。（2）谷歌 AI 生态升级：谷歌在I/O大会上进一步扩展了其AI产品生态，发布 Gemini 2.5 Pro和 Flash 模型，Veo 3 视频生成、Imagen 4 图像模型。（3）微软地球系统 AI 模型 Aurora：微软推出的AI模型Aurora是一款突破性的地球系统AI预报 模型,计算速度较传统模型快 5000 倍，极端天气预测精度超 ...

智通财经5月29日电，美股芯片股盘前走高，英伟达涨5.6%，博通涨3.8%，AMD涨2.9%，高通涨超 2%。 美股芯片股盘前走高 英伟达涨超5% ...

In Brief To comply with the U.S.’ restrictions on exporting advanced semiconductor technology to China, chipmakers NVIDIA and AMD will soon begin selling new GPUs made for AI workloads in China, Taiwanese tech publication Digitimes reported, citing supply chain sources. NVIDIA plans to sell a stripped-down AI GPU, code-named “B20,” while AMD is looking to target AI workload needs with its new Radeon AI PRO R9700 workstation GPU, Digitimes reported, adding that the companies will likely start selling these A ...