昨天，发生了哪些财经大事？ 据网络平台数据， 截至6月2日21时，2025年端午档票房4.59亿，较2024年端午档票房增 长达两成 。《碟中谍8》档期内票房1.90亿（累计2.28亿），夺得2025端午档票房冠军。 金价油价"疯"涨 美东时间周一， 美股三大指数集体收涨，道指涨0.08%，纳指涨0.67%，标普500指数涨 0.41% ，科技股多数上涨，AMD、Meta涨超3%，超微电脑涨近3%，博通涨超2%，英伟 达涨超1%，特斯拉、谷歌跌超1%；贵金属、金属原材料涨幅居前，世纪铝业涨超21%， 黄金资源涨超16%，美国黄金公司涨超10%，泛美白银涨超7%。 中概股多数收涨，纳斯 达克中国金龙指数涨0.53% ，霸王茶姬涨近10%，老虎证券涨超3%，百度、京东、爱奇 艺涨超1%，理想汽车、知乎跌超1%。 国际金价大幅走高 ，现货黄金涨2.8%，报3380.81美元/盎司；COMEX黄金期货涨 2.74%； 现货白银涨5.32%；COMEX白银期货涨5.76%。国际油价全线上涨 ，美油主力 合约涨3.7%；布油主力合约涨3.63%。 端午档票房4.59亿 张雪峰含泪道歉， "可能最后一次在网上出现" 6 月 ...

《寻找冠军股：如何发现隐藏的珍宝》 （美） 马丁·弗里德森 著 （澳）张玉新 译 中国青年出版社 2024年10月出版 ◎汤翠玲 如果可以通过投资股市获得足够退休的资金，怎么做才是明智的？在《寻找冠军股：如何发现隐藏的珍 宝》一书中，作者马丁·弗里德森以标普500指数作为研究对象，通过市场数据验证和总结自己的投资研 究经历告诉读者，那些很多人都知道的市场常识其实不一定正确，那些耳熟能详的分析指标背后或许有 其他的利益使然。要想掘得冠军股，我们有必要重新认识市场。 当前，每股收益指标在华尔街有着根深蒂固的影响力。不同于主流观点，弗里德森在书中开篇就指出， 要想选出一只冠军股，必须跳出"市盈率*每股收益=股价"这样的思考框架。 马丁·弗里德森投资经验丰富，他曾任纽约证券分析师协会主席、美林证券董事总经理、美联储理事会 顾问，擅长基本面量化投资，被称为"华尔街最具思想和洞察力的分析师之一"，在金融分析师和投资者 中享有很高的声誉。 作者认为，在每股收益这个游戏中，庞大的华尔街分析师队伍是获益者，他们总是寄希望通过预测出冠 军股来提高声誉，但在行业年景不好时，选不出冠军股也很正常。此时，如果能够预测出一家公司的每 股 ...

Core Viewpoint - Outlook Therapeutics has launched LYTENAVA™ (bevacizumab gamma) for the treatment of wet age-related macular degeneration (wet AMD) in Germany and the UK, marking a significant milestone as it is the first and only authorized ophthalmic formulation of bevacizumab for this condition in the European Union and UK [1][5][9] Company Overview - Outlook Therapeutics is a biopharmaceutical company focused on developing and commercializing ONS-5010/LYTENAVA™ to enhance the standard of care for retinal diseases [8] - The company has received centralized Marketing Authorization from the European Commission and the Medicines and Healthcare products Regulatory Agency (MHRA) in the UK for LYTENAVA™ [5][8] Product Launch and Market Strategy - The commercial launch of LYTENAVA™ in Germany and the UK is supported by a strategic collaboration with Cencora to facilitate market access and distribution [4] - The company aims to ensure success in these markets and is preparing for additional launches across Europe later in 2025 and throughout 2026 [2] Market Context - Off-label repackaged bevacizumab is widely used in Europe and the US, with approximately 2.8 million injections annually in Europe and 2.7 million in the US for retinal diseases [3] - LYTENAVA™ has the potential to mitigate risks associated with the current off-label use of repackaged bevacizumab [3] Regulatory Status - In the United States, ONS-5010/LYTENAVA™ is currently investigational, and a Biologics License Application (BLA) has been resubmitted to the FDA [6][8] - In certain EU member states, ONS-5010/LYTENAVA™ must receive pricing and reimbursement approval before it can be sold [6]

Group 1: AI Market Overview - Artificial intelligence (AI) is projected to have a $20 trillion impact on the global economy by 2030 [1] - There is a significant influx of investment into data centers to support an AI-driven economy [3] Group 2: CoreWeave - CoreWeave is a leading operator of purpose-built data centers for AI, capitalizing on the demand for modern infrastructure [3] - The company reported a revenue increase from $189 million in Q1 2024 to $982 million in Q1 2025 [4] - CoreWeave has a revenue backlog of $25.9 billion, a 63% increase year-over-year, largely due to an $11.9 billion deal with OpenAI [5][6] - The company generates most of its revenue from long-term contracts, which enhances visibility for future revenue [6] - CoreWeave has secured 420 megawatts of power for its 33 AI-optimized data centers and has contracts for up to 1.6 gigawatts over several years [8] - The stock has a market cap of $53 billion, with a forward price-to-sales ratio of 11 based on 2025 revenue outlook [9] Group 3: Advanced Micro Devices (AMD) - AMD is positioned as a competitor in the AI chip market, which is valued at $500 billion, despite Nvidia's dominance [10] - The company has seen a 36% year-over-year revenue increase, driven by strong demand in data centers and Ryzen processors [12] - AMD's adjusted earnings increased by 55% year-over-year, indicating robust growth potential despite mixed results in other segments [12] - The launch of over 30 computing workloads using AMD's fifth-generation EPYC Turin chip across major cloud providers highlights its market presence [13] - AMD's acquisition of ZT Systems aims to enhance its competitive position by offering integrated AI computing systems [14] - The stock is trading at 28 times 2025 earnings estimates, suggesting it may be undervalued given its growth prospects [15]

Core Viewpoint - Advanced Micro Devices (AMD) has experienced a 9% decline in stock value since January 2025, but the long-term prospects, particularly in the AI chip market, present significant investment opportunities [1][10]. Company Performance - AMD reported sales of $7.4 billion for the quarter ending March 29, marking a 36% increase year-over-year, which is an acceleration from the previous quarter's 24% growth [5]. - The launch of new Instinct MI325X chips has shown positive performance, positioning AMD as a viable alternative to Nvidia's offerings [6]. Market Potential - The AI chip market is projected to reach $383.7 billion by 2032, with a compound annual growth rate (CAGR) of 38.2% from 2023 [4]. - AMD's collaboration with Saudi Arabia-based Humain, valued at $10 billion, aims to develop a robust AI infrastructure, indicating strong growth potential in the AI sector [4]. Investment Outlook - A $25,000 investment in AMD could potentially grow to $1 million, requiring an average annual return of 20.25% over 20 years, or 11.12% over 35 years [7][8]. - The company is seen as a potential leader in the AI chip market, but it must demonstrate that its products can effectively compete with Nvidia to capture significant market share [10]. Valuation and Future Prospects - AMD's current valuation is high, trading at over 80 times its trailing earnings, but is projected to trade at a multiple of 27 times next year's profits as operations scale [11]. - The overall sentiment suggests that while AMD's stock may not guarantee a 40x return, it is still considered a strong long-term investment opportunity [12].

Core Viewpoint - Advanced Micro Devices (AMD) is positioned as a strong growth stock, benefiting from the AI revolution and increasing demand for semiconductors, particularly in its data center and client segments [2][10]. Company Overview - AMD has transformed under CEO Lisa Su since 2014, focusing on CPUs and GPUs, and is now structured into four chip-related enterprises [4]. - The data center business is the largest segment, contributing 50% of revenue in Q1 2025, with a 57% year-over-year growth rate [5]. - The client segment accounts for approximately 30% of revenue, with a 68% annual increase in Q1 due to the popularity of Zen 5 Ryzen processors [6]. - The embedded segment generates about 11% of revenue, while the gaming segment contributes 9%, with the latter facing challenges due to market conditions [7][8]. Financial Performance - AMD's total revenue for Q1 2025 reached $7.4 billion, reflecting a 36% year-over-year growth, a significant improvement from just 2% growth in Q1 2024 [10]. - The company reported a net income of $709 million for Q1 2025, a substantial increase from $123 million in the same quarter the previous year [10]. - Forecasts for Q2 revenue range between $7.1 billion and $7.7 billion, indicating a potential 27% year-over-year growth at the midpoint [11]. Valuation and Investment Potential - AMD's stock is currently down approximately 50% from its all-time high in early 2024 but has rebounded by 50% since hitting a low in early April [11]. - The stock's P/E ratio stands at 85, but the forward P/E ratio is more attractive at 29, suggesting potential value for investors [12]. - The combination of a 50% discount from its peak and a low forward P/E ratio positions AMD as an appealing investment opportunity [13]. Market Conditions - The data center and client segments are experiencing strong growth, while the embedded segment shows signs of recovery, and the gaming segment may be stabilizing after previous declines [14]. - Overall revenue growth is accelerating, indicating a positive trend for AMD's financial health and investment attractiveness [15].

Group 1: Tepper's Investment Activity - David Tepper's Appaloosa Management oversaw approximately $8.4 billion in assets as of the end of March, with notable net-selling activity in AI stocks during the first quarter [5][6] - Tepper sold significant amounts of shares in five prominent AI stocks, including Nvidia, Microsoft, AMD, Intel, and Lam Research, indicating a strategic shift in his investment approach [7][14] - The selling activity may reflect more than just profit-taking, as it could signal concerns about the sustainability of the AI market and potential economic pressures [8][9] Group 2: Market Dynamics and AI Stocks - Demand for AI GPUs and solutions has been strong, with Nvidia holding a significant market share in AI-accelerated data centers, but increased competition from AMD and internal chip development by customers may reduce Nvidia's pricing power [11][13][15] - The historical context of technology trends suggests that new innovations often experience bubble-bursting events, which could impact the current AI market and the stocks associated with it [16][17] - Despite strong sales growth for AI hardware, many businesses are still struggling to optimize AI solutions for profitability, indicating that the technology has not yet matured [18][19] Group 3: Implications for Major Companies - If an AI bubble were to burst, Nvidia could face significant challenges, as over 90% of its net sales come from its data center segment [19] - Microsoft, while somewhat insulated due to its software sales, could also experience slowed growth in its cloud infrastructure service platform Azure, which incorporates generative AI solutions [20]

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]

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]

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]