①【三大期指窄幅调整】截至发稿，道指期货涨0.08%、标普500指数期货跌0.002%、纳指期货跌 0.05%。 ⑤【全球第二大铜矿发生事故，高盛下调铜供应预测，铜业股大涨】当地时间9月24日，由于全球第二 大铜矿印尼格拉斯伯格铜矿发生事故现已停产，高盛下调了对2025年和2026年全球铜矿供应的预测。高 盛估计，此次事故将导致铜矿供应总共损失52.5万吨，从而将2025年下半年全球矿山供应预测下调16万 吨，将2026年全球矿山供应预测下调20万吨。截至发稿，自由港麦克莫兰铜金公司上涨2.04%，美国南 方铜业公司上涨1.09%，必和必拓上涨4.06%。 ⑥【罗斯柴尔德Redburn以"卖出"评级开启Oracle股票评级，称云收入被高估】当地时间9月25日，罗斯 柴尔德Redburn以"卖出"评级和175.00美元的目标价格开始对甲骨文公司进行评级。该研究公司表示， 市场严重高估了甲骨文合同云收入的价值，暗示投资者正在为可能无法实现的乐观情景定价。罗斯柴尔 德Redburn将甲骨文在大规模部署中的角色描述为更接近融资方而非云服务商，其经济模式与投资者通 常在云公司中看重的显著不同。罗斯柴尔德Redburn指 ...

Intel has soared on the hopes of external backing but Seaport Research analyst Jay Goldberg is skeptical despite upgrading the stock. ...

Core Viewpoint - Trust Stamp (IDAI.US) experienced a pre-market decline of over 8%, trading at $3.07, following a significant rise of over 11% due to a partnership announcement with Intel [1] Group 1: Company Overview - Trust Stamp specializes in real-time identity verification solutions, utilizing artificial intelligence technology to allow users to confirm their identity through selfies taken on mobile devices or computers [1] - The company ensures that biometric data is not stored but is instead converted into encrypted tokens [1] Group 2: Partnership Details - Intel announced a collaboration with Trust Stamp in an AI briefing, highlighting the use of Intel's Xeon scalable processors and the OpenVINO toolkit, which optimizes quantized AI models [1]

来源：滚动播报 英特尔盘前股价涨近5%。此前有报道称该公司正寻求获得苹果的投资。 ...

Core Viewpoint - Intel (INTC.US) is experiencing a pre-market increase of over 5%, reaching $32.8, driven by potential price adjustments for its "Raptor Lake" processors and discussions with Apple regarding investment and collaboration [1] Group 1: Pricing Strategy - Intel is considering a price increase of $20 for its "Raptor Lake" processors, which would represent an increase of over 10% from the current price range of $150 to $160 [1] - The supply of Raptor Lake processors has been tight since mid-year, indicating strong demand and potential for revenue growth [1] Group 2: Strategic Partnerships - Intel has reportedly engaged in discussions with Apple regarding investment opportunities, aimed at revitalizing the company, which is partially government-owned [1] - The talks between Intel and Apple also include exploring closer collaboration, although it is noted that these negotiations are still in the early stages and may not result in a formal agreement [1] Group 3: Market Performance - Intel's stock rose by over 6% in the previous trading session, reflecting positive market sentiment ahead of the potential pricing changes and strategic partnerships [1]

Core Viewpoint - The U.S. tech stock market experienced a significant surge from April to July, with companies like Nvidia, Microsoft, Google, and Broadcom reaching new market capitalization highs, but has recently shown signs of fatigue, leading to investor concerns about a potential pause in market momentum [2] Group 1: Market Performance - Nvidia's market capitalization reached $4.3 trillion, surpassing Japan's projected GDP for 2024 [2] - Following the surge, many tech stocks have been consolidating at high levels, prompting worries among investors [2] - Wall Street strategists suggest that the market is in a "pause period," seeking new catalysts for growth [2] Group 2: Corporate Collaborations - Intel is reportedly in discussions with Apple for potential investment and collaboration, although negotiations are still in early stages [3][4] - Nvidia and OpenAI announced a strategic partnership to deploy at least 10GW of Nvidia systems for AI model training, with Nvidia committing up to $100 billion for this initiative [5] - Nvidia also announced a $5 billion investment in Intel, focusing on joint development in AI infrastructure and personal computing products [6] Group 3: Financial Results and Projections - Oracle reported a significant increase in unfulfilled performance obligations, reaching $455 billion, a 229.71% increase from the previous quarter [7] - Oracle's cloud infrastructure revenue is projected to grow to $18 billion in fiscal 2026, a nearly 77% year-over-year increase [7] - Oracle's founder noted a remarkable 1529% growth in multi-cloud database revenue from major partners like Amazon, Google, and Microsoft [8] Group 4: Market Sentiment and Valuation - The current U.S. stock market is in a delicate phase, with differing opinions among institutions regarding valuation levels [11] - Fed Chair Powell indicated that stock prices appear overvalued based on various metrics, but he does not see immediate financial stability risks [11] - Bank of America strategists highlighted that 19 out of 20 indicators suggest the S&P 500 is trading at expensive levels, with a forward P/E ratio of 22.9 [11] Group 5: Economic Outlook - Deutsche Bank emphasized that tech spending, particularly in AI, is crucial for understanding the resilience of the U.S. economy [12] - Nomura warned of significant downside risks in the market despite the solid foundation of the AI-driven bull market, citing excessive bullish sentiment among investors [12] - The potential for rapid market corrections exists if catalysts trigger deleveraging, making it risky to abandon hedging strategies [12] Conclusion - The substantial collaborations among tech giants are stabilizing the U.S. stock market, but the risk of short-term declines remains after a period of rapid growth, with the ability of AI investments to translate into tangible performance being critical [13]

Core Viewpoint - Many AI stocks are trading at historically high valuations, making Intel's lower valuation stand out as a potential investment opportunity [1][2] Company Analysis - Intel's price-to-sales (P/S) ratio is 2.4, which is on the lower end of its 10-year range, indicating a potentially undervalued position in a market filled with high valuations [2] - The company has faced significant challenges in its foundry division, losing market share to competitors like Taiwan Semiconductor Manufacturing and Samsung [4][5] - Delays in executing its foundry roadmap have weakened Intel's credibility with major chip designers, leading to a reliance on competitors for advanced fabrication needs [5] - Intel's financial profile has suffered due to the costs associated with its turnaround strategy, impacting profit margins and free cash flow [6] Market Sentiment - Wall Street's skepticism is reflected in Intel's steep discount, despite its low P/S ratio, as investors question the company's ability to recover in a competitive landscape [8] - Recent developments, such as the U.S. government acquiring a 10% stake in Intel, signal confidence in the company's strategic importance for national security and supply chains [9] - Nvidia's $5 billion investment in Intel highlights the demand for advanced foundry capacity and suggests potential for Intel to regain market share [10] Investment Potential - The combination of government support and Nvidia's investment creates a narrative that Intel is too important to be overlooked, suggesting potential upside in its depressed valuation [12] - While Intel is unlikely to become a leading AI stock overnight, it remains one of the cheapest options in the semiconductor industry, appealing to contrarian investors [14] - Improvements in execution and the secular growth driven by AI could make Intel a rewarding investment opportunity, despite current challenges [14]

Group 1 - Intel is planning to increase the pricing of its "Raptor Lake" processors by $20 in Q4, raising the current price range from $150-$160 to $170-$180, which represents an increase of over 10% [1] - The supply of Raptor Lake processors has been tight since mid-year, with ongoing shortages affecting availability [1]

Intel is seeking an investment from Apple, Bloomberg reported Wednesday, after recently securing a $5 billion commitment from Nvidia. https://t.co/1PfaCNV0Pr ...

Group 1 - Huawei has launched new super nodes and multiple Ascend series chips, with the Ascend 950-based super node expected to be the strongest globally, surpassing NVIDIA's NVL576 system set to release in 2027 [1] - The Ascend 960-based super node is also scheduled for release in Q4 2027, promising substantial computing power [1] - Huawei introduced its self-developed low-cost HBM, supporting more precision formats like FP8, and announced the "Lingqu" interconnection protocol for super nodes, capable of forming clusters of over 500,000 cards [1] Group 2 - The first quantum computing company in China, Benyuan Quantum, has initiated an IPO, focusing on building self-controlled engineering quantum computers with a full-stack layout covering quantum chips and quantum computing measurement and control integrated machines [1] - NVIDIA plans to invest $5 billion in Intel, while Microsoft is investing $7.3 billion to create the "world's strongest AI data center," indicating a sustained high demand for global computing power investments, with AI applications expected to accelerate benefits [1] Group 3 - The software ETF (515230) tracks the software index (H30202), which selects listed companies involved in system software, application software development, and related services to reflect the overall performance of the software industry [1] - The index focuses on companies with outstanding technological innovation capabilities and high market share, characterized by significant growth and volatility [1] - Investors without stock accounts can consider the Guotai CSI Software ETF Connect A (012636) and Guotai CSI Software ETF Connect C (012637) [1]