Key Takeaways AAPL's Mac gains are driven by the new M5 chip and macOS Tahoe 26, boosting performance and user experience. HPQ sees strong early adoption of AI PCs, but rising memory costs may weigh on 2026 earnings and margins.AAPL's diversified manufacturing base may help navigate 2026's memory supply chain challenges effectively. Apple (AAPL) and HP (HPQ) are well-known personal computer (PC) makers in a market that is expected to see a significant rise in DRAM and NAND/SSD prices due to a supply shortag ...

1月20日美股收盘，硬件科技公司遭大幅抛售，股价大跌，NetApp股价下跌超过9%，惠普（HP）股价 下跌近3%，戴尔股价下跌近5%，罗技公司股价下跌约4.5%。 此前，投行摩根士丹利下调硬件科技行业的评级，并警告称由于企业在经济不确定性和零部件成本上升 的情况下削减支出，需求正在放缓。 "企业正在缩减硬件支出计划，加剧了人们对投入成本上升和供应瓶颈的担忧。"摩根士丹利报告 称，"需求放缓、投入成本通胀和估值过高正在形成一场'完美风暴'，促使我们在2026年之前采取更加 防御性的策略。" 2026.01.21 本文字数：1122，阅读时长大约2分钟 作者 |第一财经 钱童心 花旗集团分析师周一表示，硬件公司和分销商面临企业需求波动、内存成本上升以及2026年个人电脑出 货量下降的局面。 行业研究数据也显示，AI正以超出预期的方式重塑消费级硬件市场。随着超大规模企业对存储器的需 求激增，产能正从消费级设备领域转向高带宽存储器、高密度DDR5等利润率更高的企业级产品。 摩根士丹利的最新调查显示，2026年行业在硬件科技预算方面的投入预计仅同比增长1%，这是近15年 来除新冠疫情时期之外最弱的增长数据。 根据全球最 ...

Goldman Sachs does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. For Reg AC certification and other important disclosures, see the Disclosure Appendix, or go to www.gs.com/research/hedge.html. Analysts employed by non-US affiliates are not registered/ ...

2025年，福建福耀科技大学正式官宣，"宝藏校长"王树国作为首任校长的身份。 在创办人曹德旺先生和王校长的口中，"对标斯坦福"的办学理念反复被提及。 在美国硅谷，最让人肃然起敬的不是惠普、谷歌、因特尔这些科技巨头，反而是斯坦福这所私立大学。 当人们开始集中讨论一所学校对中国未来的意义时，似乎有必要再把大洋彼岸的斯坦福重新理解一番。 斯坦福到底有什么不同？ 我们哪所大学有可能成为中国的斯坦福呢？ 01 从理想开始 "我是义务工作者，我一分钱工资都没有……我们都是付出，包括曹先生也是付出……" 王校长把这解释为"一个理念，一个理想"，网友一下子就被感动哭了。 事实上，斯坦福就是一所纯粹为情怀而建的学校。 1884年3月，第8任加州州长，同时是铁路大亨的利兰·斯坦福（Amasa Leland Stanford），唯一的儿子小斯坦福因为伤寒高烧，在欧洲去世了。 这给老来得子的斯坦福夫妇带来沉重打击。 此后的五个星期里，斯坦福把自己关在巴黎的旅馆内，不断地修改遗书。当他从房间里出来时，他对妻子说："从今天起，所有加州的孩子都是我们的孩 子。" 两年后，这个信念具化成了斯坦福大学创办基金，既是为了纪念小斯坦福的去世，也是 ...

巴克莱将惠普的目标价从24美元下调至18美元，评级则从"持有"下调至"减持"。(格隆汇) ...

HP Inc. (NYSE:HPQ) is one of the AI Stocks Analysts Are Watching Closely. On January 15, Barclays downgraded the stock to “Underweight” from Equal Weight, stating that it sees too many "secular challenges” across both HP’s PC and printing businesses." The firm has reduced its price target to $18.00 from $24.00. "While we see the stock as inexpensive, we believe secular challenges across both PCs and Printing, combined with a lack of catalyst, will cause the stock to remain pressured in 2026. Additionally, ...

​HP Inc. (NYSE:HPQ) is one of the Most Undervalued Tech Stocks to Buy in 2026. On January 13, Mike Ng from Goldman Sachs downgraded HP Inc. (NYSE:HPQ) from Hold to Sell and lowered the price target from $24 to $21. ​The firm downgraded the stock, noting concerns regarding pressures affecting the company’s PC margins and slowing demand. Although Goldman Sachs sees HPQ as a leading company that aims to return 100% free cash flow to shareholders. The firm also likes the company’s ability to protect its marke ...

According to Wells Fargo’s senior equity analyst Aaron Rakers, the semiconductor industry is poised to grow to one trillion dollars in revenue in 2026. This is up 29% year-on-year, followed by another year of double-digit expansion in 2027. “I think we’re still seeing that we’re moving from a heavy AI training investment cycle to inferencing starting to proliferate, and that’s carrying the chip sector,” said Rakers, in an interview with CNBC TV. In the CNBC interview, Rakers pointed to strong quarterly resu ...

Core Viewpoint - HP Inc. is facing significant challenges due to secular pressures on PC margins and demand, leading to a Sell rating from Goldman Sachs with a price target of $21.00 [1][4]. Group 1: Analyst Insights - Goldman Sachs analyst Katherine Murphy has initiated coverage on HPQ with a Sell rating, citing expected downside to 2026/2027 estimates despite strong shareholder returns [1]. - The analyst noted that consensus expectations for Personal Systems growth in FY26 may be overly optimistic following a stronger-than-expected FY25 and potential demand impacts from higher pricing [2]. - HPQ is recognized for its sector-leading shareholder returns profile, with a target of returning 100% of free cash flow to shareholders [4]. Group 2: Market Position and Risks - HPQ is considered the most exposed company to secular pressures on PC margins and demand within the coverage of Goldman Sachs, indicating potential downside to consensus sales and earnings estimates for FY2026/27 [3][4]. - Despite the challenges, HPQ is expected to maintain strong market share positions in PCs and printing solutions [4].

Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgency to invest now [1][13] - The energy demands of AI technologies are significant, with data centers consuming as much energy as small cities, leading to concerns about power grid capacity and rising electricity prices [2][3] Investment Opportunity - A specific company is highlighted as a critical player in the AI energy sector, owning essential energy infrastructure assets that are poised to benefit from the increasing energy demands of AI [3][7] - This company is not a chipmaker or cloud platform but is positioned as a "toll booth" operator in the AI energy boom, collecting fees from energy exports and benefiting from the onshoring trend driven by tariffs [5][6] Financial Position - The company is noted for being debt-free and holding a significant cash reserve, amounting to nearly one-third of its market capitalization, which positions it favorably compared to other energy firms burdened by debt [8][10] - It also has a substantial equity stake in another AI-related company, providing investors with indirect exposure to multiple growth opportunities without the associated premium costs [9] Market Trends - The article discusses the broader trends of AI, energy, tariffs, and onshoring, indicating that this company is strategically aligned with these developments [6][14] - The influx of talent into the AI sector is expected to drive continuous innovation and advancements, reinforcing the potential for growth in AI investments [12] Future Outlook - The company is positioned at the heart of America's next-generation power strategy, particularly in nuclear energy, which is seen as a clean and reliable power source for the future [7][14] - The potential for significant returns is emphasized, with projections suggesting a possible 100% return within 12 to 24 months for investors who act quickly [15][19]