格隆汇2月5日｜美股三大指数收盘涨跌不一，道指涨0.53%，纳指跌1.51%，标普500指数跌0.51%，热 门科技股普遍下跌，AMD跌超17%，创2017年以来最差单日表现，英伟达、特斯拉、博通、Meta跌超 3%，谷歌、亚马逊跌超2%，苹果涨超2%。半导体设备与材料、存储概念股、加密矿企跌幅居前，闪迪 跌近16%，美光科技跌超9%，西部数据跌超7%，应用材料、Coinbase跌超6%，阿斯麦跌超3%。减肥药 概念股、住宅地产涨幅居前，礼来涨超10%，安进涨超8%，辉瑞涨近4%。 ...

每经AI快讯，美股三大指数收盘涨跌不一，道指涨0.53%，纳指跌1.51%，标普500指数跌0.51%，热门 科技股普遍下跌，AMD跌超17%，英伟达、特斯拉、博通、Meta跌超3%，谷歌、亚马逊跌超2%，苹果 涨超2%。半导体设备与材料、存储概念股、加密矿企跌幅居前，闪迪跌近16%，美光科技跌超9%，西 部数据跌超7%，应用材料、Coinbase跌超6%，阿斯麦跌超3%。减肥药概念股、住宅地产涨幅居前，礼 来涨超10%，安进涨超8%，辉瑞涨近4%。 ...

U.S. stocks might be off to a volatile start in 2026, but European markets continue to soar despite the constant threat of tariffs from the Trump administration.Europe's largest equity market index, the STOXX 600, is up more than 4% year-to-date (YTD), compared with the S&P 500’s flat performance. With European governments opening their wallets and anticipating economic growth, we could be headed for another year in which U.S. stocks lag their counterparts across the Atlantic.Today, we'll look at five Europ ...

Key Takeaways Shipping ETFs like BWET surged as geopolitical tensions lifted freight rates and boosted ton-mile demand.AI-led themes powered gains in BOTT, ASMH and FLKR amid strong robotics, chip and Asia tech momentum.Energy security bets and data center demand pushed uranium ETFs like URNM higher.Wall Street has delivered a moderate performance over the past month (as of Feb. 2, 2026). The S&P 500 has gained 1.1%, the Dow Jones has added 0.9%, the Nasdaq Composite has advanced 0.8%, while the Russell 200 ...

国海证券给予阿斯麦"买入"评级，目标价1776.29美元。 ...

Core Insights - The Japanese semiconductor manufacturing equipment market is projected to grow by 14% to 5.59 trillion yen in 2025, marking the first time sales exceed 5 trillion yen and reflecting a robust growth trend in the global semiconductor equipment industry [1] - The growth is driven by two main factors: the explosion of AI chip demand and the recovery of the storage supercycle [2] Group 1: Semiconductor Equipment Market Growth - Japan's semiconductor equipment market is the second largest globally, with a market share of approximately 30% [1] - The sales forecast for 2025 significantly surpasses the 2024 figure of 4.44 trillion yen, indicating strong momentum in the sector [1] - Major semiconductor equipment manufacturers like ASML, Lam Research, KLA, and DISCO have reported strong financial results, highlighting the industry's growth potential [1] Group 2: AI and Storage Demand - The demand for semiconductor equipment is primarily driven by advancements in AI chips and a resurgence in storage technology [2] - The performance enhancement of chips relies on two main technological paths: advancing process technology (e.g., 3nm, 2nm) and adopting complex packaging techniques [3] - The competition among industry giants like TSMC, Intel, and Samsung for advanced nodes is translating into a rigid demand for high-end semiconductor equipment [3] Group 3: Financial Performance of Key Players - ASML reported a net sales increase of 4.92% year-on-year for Q4 2025, with logic orders reaching 5.8 billion euros, reflecting seasonal demand fluctuations [4] - Lam Research achieved record revenue of $20.6 billion in 2025, a 27% increase year-on-year, driven by strong market demand [6] - KLA's revenue for Q2 FY2026 reached $3.3 billion, exceeding market expectations, supported by robust demand for inspection equipment [13] Group 4: Equipment Demand Dynamics - The demand for advanced semiconductor equipment is expected to continue growing, driven by AI technology and the ongoing evolution of storage technologies [18][19] - The structure of orders is shifting, with storage orders now accounting for 56% of ASML's new orders, surpassing logic orders for the first time [19] - The transition to advanced DRAM architectures and NAND stacking technologies is expected to further increase the demand for high-end equipment [21][22] Group 5: Capital Expenditure Trends - Major semiconductor manufacturers are significantly increasing their capital expenditures, with TSMC planning to invest $52-56 billion in 2026, a 28-37% increase year-on-year [26] - Micron and SK Hynix are also ramping up their capital expenditures, focusing on HBM and advanced DRAM production lines [27] - The overall capital expenditure growth for storage manufacturers is projected to be around 40% in 2026, indicating a strong demand for semiconductor equipment [27] Group 6: Future Outlook - The semiconductor equipment market is expected to maintain high growth rates, with ASML projecting revenues between €34 billion and €39 billion for FY 2026 [29] - The introduction of High-NA EUV technology is anticipated to drive significant growth in the coming years, particularly as the industry moves towards 2nm and below processes [32] - The ongoing AI-driven demand and technological advancements are expected to support a long-term growth cycle in the semiconductor equipment industry [33]

公众号记得加星标⭐️，第一时间看推送不会错过。 近日，日本半导体制造装置协会 (SEAJ) 最新统计数据显示，2025年日本制芯片设备销售额 年增14%至5.59万亿日元，连续2年呈现增长且年销售额首度冲破5万亿日元大关，远超2024 年的4.44万亿日元。 作为仅次于美国的第二大半导体设备市场，日本全球市占率达30%左右，其市场的高速增长 不仅彰显了自身的强劲势头，更折射出全球半导体设备行业的蓬勃生机。 近期，ASML、泛林集团（Lam Research）、科磊（KLA）、DISCO等多家半导体设备厂商 陆续发布财报。作为半导体产业链上游环节，AI淘金热中最确定的"卖铲人"，从这些设备厂 商的财报数据和言论中，是否能洞察到行业的发展脉络、未来趋势以及当前值得关注的核心 话题。 AI与存储，双管齐下 无论是光刻、刻蚀、检测还是切割研磨，半导体设备的需求背后，始终是下游芯片产品的技术迭代与产能 扩张。当前，推动设备市场增长的两大核心动力清晰可见：AI芯片的爆发与存储超级周期的复苏。 ASML财报数据 从全年表现来看，逻辑芯片业务贡献了ASML系统收入的66%，这一占比充分反映出台积电、三星、 英特尔等大厂在先进 ...

证券研究报告 行业研究 / 行业点评 2026 年 02 月 03 日 行业及产业 AI 算力需求爆发，带动半导体设备、存储赛道景 气度上行 电子 强于大市 投资要点： 一年内行业指数与沪深 300 指数对比走势： 相关研究 《电子行业周报：Intel 25Q4 服务器与人工智 能业务增长亮眼》2026-01-26 《电子行业跟踪报告：存储封测或将迎来戴维 斯双击》2026-01-26 谱 IPO 成功》2026-01-20 《电子行业周报：台积电 25Q4 单季度业绩创 历史新高》2026-01-19 《电子行业周报：NVIDIA 宣布 Rubin 平台全 面量产》2026-01-12 许亮 S0820525010002 0755-83562506 xuliang@ajzq.com 朱俊宇 S0820125040021 021-32229888-25520 zhujunyu@ajzq.com ——电子行业周报（2026/1/26-2/1） 资料来源：聚源数据，爱建证券研究所 本周（2026/1/26-2/1）SW 电子行业指数（-2.51%），涨跌幅排名 19/31 位，沪深 300 指数（+0.08%）。 ...

ASML is the closest thing to a monopoly you're likely to find today, and it is absolutely vital to the semiconductor industry.I just covered ASML (ASML +1.29%) recently, but the company released its Q4 2025 earnings a few days after I wrote that piece, and, well, they were pretty great, to say the very least. They've solidified my prediction that this company might be the best semiconductor play for 2026.ASML is a unique company for many reasons, but most notably is its monopoly on extreme ultraviolet (EUV) ...

ServiceNow, Shopify and Twilio are stocks that appear to stand out in this beaten-down sector, but some believe it's too soon to buy. ...