近日，瑞银集团和高盛相继向美国证券交易委员会（SEC）递交了截至2025年12月31日的第四季度持仓报告（13F），报告显示，两家机构均对多只美股 科技巨头进行了大手笔减仓。 具体来看，去年四季度，瑞银集团减持了1004.2万股英伟达，减持幅度达11.47%；减持微软232万股，减持幅度为7.64%；减持苹果526.7万股，减持幅度 为10.57%；减持亚马逊165.8万股，减持幅度为4.57%；减持谷歌220万股，减持幅度为9.05%。此外，瑞银集团对美光科技、甲骨文、AMD、西部数据等 科技股也进行了不同程度减持。 | Stock | History | Sector | Shares Held or | Market | % of | Previous % of | Rank | Change in | ଟିଚ | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | Principal | > Value | Portfolio | Portfolio | | Shares | Change | | | | | Am ...

美东时间周四，投资者对人工智能（AI）颠覆性的担忧持续发酵，三大指数均跌超1%，纳指以2%的跌幅领跌。 （三大指数日内走势，来源：TradingView） 截至收盘，道琼斯指数跌1.34%，报49,451.98点；标普500指数跌1.57%，报6,832.76点；纳斯达克指数跌2.03%，报22,597.15点。 今年以来，随着一些AI工具的推出，部分板块遭受冲击，包括软件公司、出版商、金融服务企业等。投资者担心，这些AI工具可能复制它们的业务模式， 或至少侵蚀其利润率。 在AI可能颠覆财富管理业务的担忧下，摩根士丹利等金融股承压；卡车运输和物流公司如C.H. Robinson股价暴跌14%，因市场担心AI将优化货运运营，从而 压缩部分收入来源。 AI颠覆担忧甚至蔓延至房地产行业。市场认为更高的失业率将打击办公空间需求，CBRE和SL Green Realty等股票因此走低。 投资者纷纷转向更具防御性的板块，沃尔玛和可口可乐股价分别上涨3.8%和0.5%。 在标普500指数各板块中，必需消费品和公用事业板块涨幅居前，均上涨超过1%，并带动必需消费品板块创下历史收盘新高。 热门股表现 大型科技股普跌，英伟达跌1 ...

TSMC (NYSE: TSM), the world's largest and most advanced contract chipmaker, might not initially seem like a high-growth artificial intelligence (AI) stock. Yet over the past five years, its shares have rallied by more than 170% as AI chipmakers lined up to use its plants. Let's see why it could still be one of the best AI stocks hiding in plain sight for 2026 and beyond. Why is TSMC a top AI stock? TSMC, based in Taiwan and operating plants in other countries, manufactures the world's smallest, densest, ...

Core Insights - The article discusses the trend of investment in AI infrastructure, highlighting that funding often follows specific constraints, starting with GPUs, then custom silicon, and currently focusing on memory technology [1] Group 1: Investment Trends - Investment in AI infrastructure is evolving, with a historical focus on GPUs, followed by custom silicon, and now shifting towards addressing the memory wall [1] Group 2: Analyst Background - The author is a finance student at St. John's University, pursuing a Bachelor's degree in Finance and plans to obtain a CFA certification, aiming to become an equity analyst focused on innovation-driven sectors such as tech, semiconductors, and biotech [1]

算笔账 一批十万的呆料压在库存 每月仓储费➕资金成本至少5k 放半年就亏3万 有料单不知道怎么推广？ 芯片超人已经 累计服务2.2万用户 ，打折清库存，最快半天完成交易！ 找不到，卖不掉，价格还想再好 点 ，都可以来找我们！ | 优势物料，特价出售 | | | | | --- | --- | --- | --- | | 品牌 | 型号 | 年份 | 数量 | | 华邦 | W988D6FBGX6I | 25+ | 6K | | 华邦 | W25Q16JVBYIQ | 22+ | 90K | | 华邦 | W25Q40CLWI | 22+ | 30K | | 英飞凌 | BTS724G | 两年内 | 10k | | --- | --- | --- | --- | | SKYWORKS | RFX2401C | 两年内 | 10k | | 三星 | KLM8G1GETF B041 | 两年内 | 10k | | | CXDB4CBAM | | | | CXMT/长鑫 | ML-A | 两年内 | 10k | | 三星 | K4B4G1646E BYMA | 24+ | 10k | | 三星 | K4B4G164 ...

此外，美国劳动力市场仍存在持续下修的阴影，2025年每个月数据都被向下修正。结合年度基准修订和全年各月调整后，去年平均每月新 增就业岗位仅为1.5万个。 Janus Henderson Investors投资组合经理布拉德·史密斯表示："在预测者长期因劳动力市场疲软而对经济持谨慎态度之后，这份数据为经 济强劲增长、劳动力市场改善以及支持消费支出的工资增长提供了有力证据。" 他补充称："美联储在下月决定是否维持利率不变时，会将这一数据纳入考量。鉴于其'观望并依赖数据'的立场，这无疑会增强维持利率不 变的可能性。" 美东时间周三， 1月非农就业报告一度提振投资者情绪，但未能推动市场持续走高，三大股指最终均小幅收跌。 截至收盘，道琼斯指数跌0.13%，报50,121.40点；标普500指数微跌0.34点，报6,941.47点；纳斯达克指数跌0.16%，报23,066.47点。 盘前公布的数据显示，美国1月新增就业岗位13万个，远超市场预期的5.5万；失业率为4.3%，略低于经济学家预测的4.4%。 尽管报告显示就业增幅创一年多来新高，但增长仍集中在少数行业，主要是医疗保健领域，该领域新增岗位12.4万个，是2025 ...

Economic Data - The U.S. added 130,000 jobs in January, significantly exceeding the market expectation of 55,000 [1] - The unemployment rate stands at 4.3%, slightly below the economists' forecast of 4.4% [1] - Job growth is primarily concentrated in the healthcare sector, which added 124,000 jobs, double the normal growth rate for 2025 [1] - There is a persistent downward revision in the labor market data, with the average monthly job addition for last year adjusted to only 15,000 [1] Company News - Apple is reportedly facing setbacks in the development of an upgraded version of Siri, which may delay the release of several anticipated AI features [3] - Meta has begun construction on a new data center in Lebanon, Indiana, with an investment exceeding $10 billion, aimed at enhancing its AI infrastructure [5] - Google is integrating AI shopping features into its search engine and Gemini chatbot, allowing consumers to purchase products directly through AI-driven answers [7] - T-Mobile anticipates service revenue to reach approximately $77 billion by 2026, with plans to achieve 18 to 19 million broadband users by 2030 [8] - Ancora Capital has increased its stake in Warner Bros. Discovery and plans to oppose the company's deal with Netflix regarding its production and streaming assets [9] - Kraft Heinz has paused its planned spin-off, focusing instead on improving company performance under the new CEO Steve Cahillane [10]

每经AI快讯，周三美股三大股指收盘涨跌不一，道指跌0.15%，纳指跌0.16%，标普跌0.03%。英伟达、 苹果涨近1%，谷歌、微软跌超2%，亚马逊跌超1%，Meta微跌，博通、特斯拉微涨，卡特彼勒涨超 4%，美光科技涨近10%。 ...

Group 1 - Major tech stocks experienced a broad increase, with SanDisk rising over 8%, Oracle up 2%, and NVIDIA increasing by more than 1% [1][2] - Other notable gainers included Tesla, Broadcom, Apple, and Amazon, all showing positive movement [1] - The three major U.S. stock indices opened higher, with the Nasdaq up 0.77%, the Dow Jones up 0.41%, and the S&P 500 up 0.62% [3] Group 2 - Chinese concept stocks mostly rose, with Kingsoft Cloud increasing by over 11%, Bilibili up more than 3%, and Century Internet and Beike both rising over 2% [2][4] - Storage-related stocks rebounded, with Micron Technology rising over 6% and Western Digital increasing by more than 4% [4]

Summary of Semiconductor Industry Conference Call Industry Overview - The conference call focused on the global semiconductor industry, specifically discussing the WSTS report for December 2025, which tracks sales, units, and average selling prices (ASPs) across the semiconductor sector [2][27]. Key Financial Metrics - **2025 Semiconductor Sales**: Grew by 26% year-over-year, reaching approximately $792 billion, following a 20% increase in 2024 [3][28]. - **December 2025 Sales Growth**: Total semiconductor sales increased by 41.3% year-over-year, with memory sales growing by 67.6% year-over-year [3][29]. - **Monthly Sales Performance**: December sales rose by 4.8% month-over-month, significantly above the historical average of 2.2% [4][38]. Product Category Performance - **Logic Sales**: Increased by 40% year-over-year, leading the growth among product categories [28][32]. - **Memory Sales**: Grew by 35% year-over-year, with a notable 67.6% increase in December alone [3][29]. - **Analog Standard Linear**: Sales rose by 17%, while Discretes and Microcontroller Units (MCUs) saw declines of 1% each [28][32]. - **Monthly Performance by Product Group**: - Discretes: 18.3% growth vs. typical 14.5% - Optoelectronics: 14.2% vs. typical -0.1% - Logic: 3.7% vs. typical -1.1% - MCU: 13.8% vs. typical 11.6% [5][40]. Geographic Sales Insights - **Year-over-Year Sales Growth by Region**: - Americas: Up 32.5% - Europe: Up 23.3% - China: Up 40.3% - Asia Pacific/All Other: Up 77.6% - Japan: Down 11.3% [45]. - **Month-over-Month Sales Growth**: - Americas: Up 10.5% - China: Up 5.8% - Europe: Up 4.7% - Japan: Flattish at -0.7% - Asia Pacific/All Other: Down 1.2% [46]. Unit Shipments and ASPs - **Total Unit Shipments**: Increased by 9.6% month-over-month, with ASPs down by 4.4% [52]. - **Year-over-Year Shipment Growth**: Increased by 4.1%, with notable increases in Discretes, Optoelectronics, and Logic [53]. - **ASP Changes**: - ASPs increased for Discretes (6.3%), Optoelectronics (7.3%), and NAND (11.5%). - ASPs decreased for Sensors & Actuators (-4.6%) and Logic (-3.6%) [55][56]. Investment Implications - **ADI (Analog Devices)**: Rated Market-Perform with a target price of $270.00, executing well but shares considered expensive [11]. - **AMD (Advanced Micro Devices)**: Rated Market-Perform with a target price of $235.00, driven by high AI expectations and a new deal with OpenAI [11]. - **AVGO (Broadcom)**: Rated Outperform with a target price of $475.00, benefiting from a strong AI trajectory [11]. - **NVDA (NVIDIA)**: Rated Outperform with a target price of $275.00, with significant opportunities in the datacenter market [13]. - **QCOM (Qualcomm)**: Rated Outperform with a target price of $175.00, despite memory headwinds, shares are considered cheap [14]. Additional Insights - The semiconductor industry is experiencing robust growth driven by various product categories, particularly logic and memory, with significant regional disparities in performance. - The overall market sentiment remains positive, with several companies positioned for growth amid ongoing technological advancements and demand for semiconductors.