US stock futures are up small with Tech lagging on rotation fears, though major indices are off their overnight lows. The AI narrative has been flipped upside down, with traders focused on perceived losers, most of which are in the Software sector, where “there’s no floor” according to one investment manager. As of 8:00am ET, S&P futures are up 0.2%, well off session lows; Nasdaq futures rise 0.2%, pressured by weakness in AMD which tumbled 8% after projections which disappointed Wall Street; Alphabet is se ...

Despite reporting stronger-than-expected numbers for Q4 2025, Advanced Micro Devices, Inc. ( AMD ) stock nosedived by ~8% to $222.5 per share in yesterday's after-hours session. In this note, we analyze AMD's latest quarterly performance and business outlook. Furthermore, we reevaluate AMD's"We're in an asset bubble, and TQI can help you navigate it profitably"I am Ahan Vashi, a seasoned investor with professional background in equity research, private equity, and software engineering. I currently serve as ...

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential opportunities for traders before the market opens [1] Premarket Gainers - Silicon Laboratories Inc. (SLAB) is up 49% at $204.51 [3] - Concorde International Group Ltd. (CIGL) is up 44% at $3.90 [3] - ENvue Medical, Inc. (FEED) is up 25% at $3.08 [3] - Enphase Energy, Inc. (ENPH) is up 23% at $46.06 [3] - Digital Turbine, Inc. (APPS) is up 18% at $5.85 [3] - Tandy Leather Factory, Inc. (TLF) is up 16% at $3.35 [3] - Lumentum Holdings Inc. (LITE) is up 12% at $487.60 [3] - Super Micro Computer, Inc. (SMCI) is up 10% at $32.66 [3] - Sonos, Inc. (SONO) is up 10% at $16.17 [3] - Exicure, Inc. (XCUR) is up 9% at $4.52 [3] Premarket Losers - Intapp, Inc. (INTA) is down 16% at $24.50 [4] - Texxon Holding Limited (NPT) is down 15% at $6.08 [4] - Varonis Systems, Inc. (VRNS) is down 14% at $22.59 [4] - Mercury Systems, Inc. (MRCY) is down 11% at $88.00 [4] - Boston Scientific Corporation (BSX) is down 9% at $82.80 [4] - nLIGHT, Inc. (LASR) is down 9% at $45.10 [4] - Advanced Micro Devices, Inc. (AMD) is down 8% at $220.84 [4] - NGL Energy Partners LP (NGL) is down 7% at $10.98 [4] - MKDWELL Tech Inc. (MKDW) is down 7% at $2.67 [4] - Wabash National Corporation (WNC) is down 6% at $10.54 [4]

AMD最新发布的2025年第四季度财报虽在营收上超出市场预期，但其背后亮眼的数字并未能完全打 消华尔街的疑虑。核心在于， 公司运营支出超出预期，持续限制着盈利能力的释放，市场正将关注焦 点转向其能否在下半年凭借机架规模AI产品实现关键性突破。 据摩根士丹利、高盛等多家华尔街投行分析，AMD第四季度实现营收103亿美元，同比增长34%，环 比增长11%，显著超越市场普遍预期的96.7亿美元。然而，市场认为这一业绩中包含了约3.9亿美元的 一次性特殊销售收入，剔除此因素后，其营收增长实质仅略高于业绩指引的上限。 业绩增长的核心驱动力仍是数据中心业务 ，该部门四季度收入达53.8亿美元，环比增长24%。值得注 意的是，若剔除前述一次性收入，其环比增速将降至约15%。其中，服务器CPU业务受AI需求推动， 环比增长约10%，创下历史新高；数据中心GPU收入则环比劲增约40%至27.5亿美元，主要得益于新 一代MI355X产品的产能持续提升。 华尔街多数报告认为，AMD2025年Q4营收虽超预期，但市场关注点聚焦于持续超出预期的运营支 出，认为其限制了盈利能力的释放。关键看点转向公司能否在今年下半年凭借新一代机架级AI ...

Core Insights - The article emphasizes the importance of a data-driven investment approach, focusing on macroeconomic factors and market trends to assess long-term investment viability [1][3]. Group 1: Company Overview - The company operates as an ETP provider, offering a range of products including leveraged, unleveraged, inverse, and inverse leveraged factors [1][3]. - The company's assets under management (AUM) are primarily influenced by investor interest rather than market movements [3]. Group 2: Investment Strategy - The investment style is agnostic and heavily relies on factual data to inform decisions [1]. - The analysis includes evaluating strategic and sector viability for long-term investments, as well as tactical decisions based on market data trends [1]. Group 3: Regional Focus - There is a particular interest in Asian markets, including India and China, with in-depth analyses published on economic trends and business developments in the region [1].

CEO Lisa Su sees massive revenue gains in 2027. In today's market, that's just too far away. ...

Group 1 - The fourth quarter earnings season is ongoing, with major companies like Alphabet, Amazon, AMD, Qualcomm, and Palantir reporting results [1] - As of January 30, 33% of S&P 500 companies have reported their fourth quarter results, with an estimated 11.9% increase in earnings per share, marking the 10th consecutive quarter of annual earnings growth for the index [2] - Analysts initially expected an 8.3% increase in earnings per share, which was revised up due to strong performance from tech companies, following a 13.6% growth rate in the previous quarter [4] Group 2 - Big Tech companies are setting the tone for the earnings season, with ongoing capital expenditures and themes such as artificial intelligence and economic policies influencing market dynamics [5] - Upcoming earnings reports will include updates from companies like Disney, Chipotle, PepsiCo, Uber, and Snap, indicating continued investor interest in diverse sectors [5]

2016年1月，受AI需求驱动，下游存储芯片、AI芯片等产品需求大增，导致下游封测厂商产能紧张。因此，国际封测厂商巨头正在酝酿涨价。 在涨价预期带动下，半导体封测企业股价轮番大涨，国内芯片封测巨头通富微电也不例外，自2026年1月14日以来，公司股价累计涨幅近20%。 事实上，自2025年4月低点以来，通富微电股价涨超100%。公司股价持续上涨，与其火爆的业绩有很大关系。 在AI需求驱动下，2025年通富微电业绩大增。伴随下游持续旺盛，通富微电还计划定增募资44亿元，扩大半导体封测产能。 图 / AMD官网 该财季，AMD实现营业收入92.46亿美元，同比增长36%，实现毛利润47.8亿美元，同比增长40%。 AMD业绩增长主要是旗下数据中心业务收入快速上升，同期，公司数据中心业务营收43.41亿美元，同比增长22%。 AMD数据中心业务主要以GPU为主，2025年AMD旗下Instinct MI350系列GPU放量以及服务器市场份额的增长，推动了公司数据中心业务收入快速上升。 作为AMD芯片的核心封测厂商，通富微电与AMD合作最早可追溯至2016年。彼时通富微电耗资3.71亿美元收购AMD位于中国苏州、马来 ...

AMD最新发布的2025年第四季度财报虽在营收上超出市场预期，但其背后亮眼的数字并未能完全打消华尔街的疑虑。核心在于，公司运营支出超 出预期，持续限制着盈利能力的释放，市场正将关注焦点转向其能否在下半年凭借机架规模AI产品实现关键性突破。 据摩根士丹利、高盛等多家华尔街投行分析，AMD第四季度实现营收103亿美元，同比增长34%，环比增长11%，显著超越市场普遍预期的96.7亿 美元。然而，市场认为这一业绩中包含了约3.9亿美元的一次性特殊销售收入，剔除此因素后，其营收增长实质仅略高于业绩指引的上限。 业绩增长的核心驱动力仍是数据中心业务，该部门四季度收入达53.8亿美元，环比增长24%。值得注意的是，若剔除前述一次性收入，其环比增 速将降至约15%。其中，服务器CPU业务受AI需求推动，环比增长约10%，创下历史新高；数据中心GPU收入则环比劲增约40%至27.5亿美元，主 要得益于新一代MI355X产品的产能持续提升。 尽管业务表现强劲，但高于预期的运营支出成为多家机构研报中的共同关注点，市场担忧这将继续限制其运营杠杆的改善空间。目前，投资者正 期待公司管理层承诺的、将于下半年放量的机架规模AI产品，能成 ...

Core Viewpoint - Dow Jones futures experienced a slight rise, influenced by earnings reports from Advanced Micro Devices (AMD) and Lumentum Holdings, while the Nasdaq futures remained relatively unchanged [1] Group 1: Market Overview - The stock market rally saw major indexes retreat on Tuesday, with the Nasdaq suffering its fourth distribution day in five trading sessions due to a sell-off in software stocks [1] - The Dow Jones and S&P 500 futures rose slightly, indicating a potential shift in market sentiment [1] Group 2: Company Earnings - Advanced Micro Devices (AMD) reported earnings that beat expectations, yet its stock dropped following the announcement [1] - Lumentum Holdings (LTE) also reported strong earnings and revenue that exceeded forecasts, contributing to its positive momentum [1] - Eli Lilly (LLY) is set to report earnings before the market opens, while Alphabet (GOOGL) is scheduled to report after the market closes [1]