Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! AI is eating the world—and the machines behind it are ravenous. Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink. Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and b ...

公众号记得加星标⭐️，第一时间看推送不会错过。 AMD首席执行官苏姿丰周四表示，该公司已获得向中国出口部分 MI 308 芯片的许可，如果向中国 出口这些芯片，AMD 准备向美国政府缴纳 15% 的税款。 苏姿丰是在旧金山举行的由科技杂志《连线》主办的会议上发表上述言论的。 美国总统唐纳德·特朗普在 8 月份表示，他的政府已与英伟达和AMD达成协议，根据该协议，这两家 公司可以恢复向中国出口部分芯片，但需支付 15% 的费用。 Instinct MI308 的具体规格尚未最终确定；然而，根据我们掌握的信息，考虑到其符合美国出口管制 规定，其规格可能与 NVIDIA 的 H2O AI 加速器类似。不过，主要原因在于这对 AMD 而言是一项 进步，因为 NVIDIA 目前被排除在中国 AI 市场之外，而且该公司在获取 H2O 出口许可证方面也遭 遇了延误。此外，NVIDIA 的技术栈在中国也面临着来自中国政府的阻力，这使得 AMD 在中国 AI 市场仅略占优势。 AMD并未将MI308的销售额计入其第四季度营收预期，这表明中国市场的未来仍存在不确定性。由 于北京方面完全专注于国内解决方案，除非出现突破性进展（而这 ...

Core Viewpoint - CPO (Co-Packaged Optics) technology is set to revolutionize the external bandwidth of AI data centers, significantly enhancing data transmission speeds and reducing power consumption, marking a shift in computational infrastructure [1][3]. Industry Trends - The silicon photonics industry is on the brink of explosive growth, with over 150 companies forming a diverse ecosystem from upstream SOI/Epi-wafer to downstream cloud computing and AI factories [1][3]. - The competition among foundries is intensifying, with significant investments in silicon photonics capacity and technology, as companies race to establish themselves in the CPO market [3][4]. Foundry Dynamics - Foundries are crucial in transitioning silicon photonics from design to large-scale production, focusing on integrated manufacturing capabilities that combine photonic and electronic components [4][5]. - Samsung is aggressively investing in silicon photonics to challenge TSMC's dominance, positioning CPO technology as a key competitive advantage in the advanced packaging market [5][6]. Strategic Acquisitions - GlobalFoundries' acquisition of Advanced Micro Foundry (AMF) aims to solidify its leadership in silicon photonics, enhancing its manufacturing capabilities and supply chain reliability [7]. - Tower Semiconductor is expanding its production capacity significantly, driven by the surging demand for silicon photonics, with a focus on providing comprehensive delivery packages [8]. Design Services and Integration - Companies like Broadcom are transforming silicon photonics into platform businesses, integrating optical engines directly into their networking solutions to facilitate scalable deployment [12][13]. - Marvell's acquisition of Celestial AI is a strategic move to enhance its optical interconnect capabilities, aiming to provide a comprehensive connectivity platform for AI infrastructure [17][19]. XPU Manufacturers' Role - XPU manufacturers, particularly NVIDIA, are pivotal in driving the commercialization of CPO technology, with NVIDIA's CPO solutions expected to generate significant revenue by 2026 [21][22]. - AMD is also positioning itself in the silicon photonics space through strategic acquisitions and partnerships, focusing on AI interconnect needs [23]. Intel's Foundation - Intel has established itself as a foundational player in the silicon photonics ecosystem, having commercialized the technology early and built a robust supply chain [24][25]. Conclusion - The competition in the "optical chip" space is not just about manufacturing capacity but also about reshaping the interconnect architecture for AI data centers, with CPO technology expected to be fully commercialized by 2027 [26].

AMD首席执行官苏姿丰表示，公司已获得向中国出口部分MI 308芯片的许可，如果出口这些芯片，公司准备向美国政府缴纳15%的税款。特朗普8月表示，其政府已与英伟达和AMD达成协议，二者可恢复向中国出口部分芯片，但需支付15%的费用。外汇交易员 (@myfxtrader):特朗普暗示，他可能会允许英伟达在中国销售下一代先进GPU芯片Blackwell的减配版。特朗普也证实要求英伟达和AMD向美国政府上交在华销售收入的15%，并称自己原本希望获得20%，最终双方达成“交易”，敲定在15%。 ...

这份报告是美联储12月9日至10日会议前获得的最后一份就业数据。联邦基金利率期货定价显示，ADP 数据公布后，美联储下周降息的概率接近充分定价。市场预期，美联储下周降息概率接近90%。（综合 第一财经） 来源：吴晓波频道CHANNELWU 美国私企就业岗创近两年半来最大降幅 12月3日，美国自动数据处理公司（ADP）发布报告称，上月企业减少了3.2万个工作岗位，这是2023年 3月以来的最大降幅。上一次招聘市场如此疲软还是在疫情期间。分部门看，当月小企业减少了12万个 就业岗位，中型企业就业岗位增加5.1万个，大型企业则增加3.9万个。ADP首席经济学家Nela Richardson在声明中表示，近期招聘一直不稳定，雇主正应对谨慎的消费者和不确定的宏观经济环境， 11月的放缓具有广泛性，但主要由小企业的收缩引领。 ｜点评｜这份糟糕的就业市场报告，大概率将成为推动美联储在12月降息的"最后一根稻草"，但美联储 对于明年的利率展望可能较为"鹰派"。裁员集中在小型企业，美国政府停摆、对移民的政策收紧，短期 内对小企业的影响更大。从行业的角度来看，大部分行业都面临广泛的裁员，特别是在AI替代较为明 显的商业服务、信息 ...

一、外围市场与关联资产 隔夜美股三大指数收盘涨跌不一，道指跌0.07%，纳指涨0.22%，标普500指数涨0.11%。 大型科技股表现分化，Meta、甲骨文涨超3%，英伟达涨超2%，特斯拉涨超1%，微软涨超0.6%，而英 特尔跌超7%，美光跌超3%，苹果、亚马逊跌超1%，谷歌、AMD跌超0.7%。 盘面上，Snowflake因营业利润率展望逊预期跌8.3%，自动化软件公司Uipath因Q3业绩全面超预期涨 7.5%，Dollar General上调全年业绩指引后涨5.6%。 此外，纳斯达克中国金龙指数收涨0.39%，成分股中万物新生涨8.96%，叮咚买菜涨6.56%，阿特斯涨 5.59%，蔚来涨4.38%，海天网络涨4.67%。 二、宏观经济与市场分析 美国白宫国家经济委员会主任哈塞特表示，可能会在下一次美联储会议上看到降息，幅度约为25个基 点。 这一表态或对全球流动性预期产生影响，需关注其对A股市场风险偏好的潜在传导。 三、大宗商品与汇率 国际大宗商品方面，WTI原油突破60美元/桶，日内涨1.79%； 纽约期金价格波动较大，先后突破4250美元/盎司（日内涨0.42%）和4240美元/盎司（日内跌0.0 ...

Group 1: US Stock Market Performance - The US stock market showed mixed results with the Dow Jones down 0.07%, Nasdaq up 0.22%, and S&P 500 up 0.11% [1][12] - Technology stocks had a varied performance, with Meta and Oracle rising over 3%, while Intel fell over 7% [1][12] - Snowflake's stock dropped 8.3% due to disappointing profit margin outlook, while UiPath surged 7.5% after exceeding Q3 expectations [1][12] Group 2: Individual Company Developments - Meta's CEO announced plans to cut up to 30% of investments in the metaverse-related business, leading to a pre-market rise of over 5% [1][12] - Dollar General raised its full-year earnings guidance, resulting in a 5.6% increase in its stock price [1][12] - Tiger Brokers reported record high Q3 revenue and non-GAAP net profit, with a pre-market surge of 9.2% [1][12] Group 3: Commodity and Cryptocurrency Markets - WTI crude oil prices surpassed $60 per barrel, increasing by 1.79% [3][14] - Bitcoin fell below $92,000, with a daily decline of 2.62% [3][14] - Gold prices fluctuated significantly, breaking through $4,250 per ounce before dropping to $4,240 [2][13] Group 4: Forex and Economic Policy - The British pound reached its highest level against the US dollar since October 24, rising 0.2% to $1.3373 [4][15] - The White House's economic advisor indicated a potential 25 basis point rate cut at the next Federal Reserve meeting [4][15] Group 5: Domestic Market Developments - Taobao's flash sale platform announced voluntary compliance with national standards for food delivery services, aiming to enhance service quality and consumer experience [10][21][22]

此前，美国政府曾叫停向中国销售这类芯片，但在今年夏季开始重新审核相关申请。AMD在今年早些 时候表示，美国对MI308芯片的出口限制将给公司造成约8亿美元的损失。 另外，在被问及科技行业是否处于AI泡沫中时，苏姿丰明确回应道："从我的角度来看，绝对不是。"她 表示，AI行业将需要大量来自AMD等公司的芯片，关于泡沫的担忧"有点被夸大了"。(作者/箫雨) 苏姿丰周四出席了连线举行的《高端访谈》(Big Interview)会议。当被问及向中国销售芯片的问题时， 苏姿丰确认，AMD计划恢复对中国的MI308芯片销售，并在这些芯片真正销售时向美国政府支付15%的 税款。 今年8月，美国总统特朗普表示，美国政府已与英伟达和AMD达成协议，允许两家公司在支付15%费用 后恢复向中国出口部分芯片。但是，部分法律专家指出，此举可能违反美国宪法关于禁止对出口产品征 税的规定。 苏姿丰 凤凰网科技讯北京时间12月5日，据《连线》杂志报道，AMD CEO苏姿丰(Lisa Su)周四表示，公司准备 就对华芯片销售向美国政府支付15%的税款。 ...

Welcome back to Opening Bell and we're happy you're here with us. Sam Burns, chief strategist, Mil Street Research, is with us because we're into December. We've so much to talk about.It's been sort of a really exciting few weeks. We wrapped up November with a quick rally. You know, the NASDAQ was up 5%, didn't squeeze out the gain, but the S&P and the Dow did that.Um, and now, you know, there's a lot of talk about what happens. Are we going to have a Santa Claus rally. What's your big picture feeling now f ...

The Advanced Micro Devices, Inc. ( AMD ) CEO doubled down on the idea that we are not in an AI bubble, butJames Foord is an economist by trade and has been analyzing global markets for the past decade. He leads the investing group The Pragmatic Investor where the focus is on building robust and truly diversified portfolios that will continually preserve and increase wealth. The Pragmatic Investor covers global macro, international equities, commodities, tech and cryptocurrencies and is designed to guide inv ...