Economic Outlook - Philadelphia Fed President Anna Paulson indicated that the central bank could cut interest rates further if inflation eases, with potential modest adjustments later in the year if inflation moderates and growth stabilizes around 2% [1] - The U.S. December S&P Global manufacturing PMI remained unchanged at 51.8, aligning with expectations [1] Market Performance - In Friday's trading session, Wall Street's major equity averages closed mixed, with chip stocks like Micron Technology surging over +10% and Lam Research climbing more than +8% [2] - ASML Holding N.V. advanced over +8% after a double-upgrade to Buy from Sell with a price target of $1,500 [2] - Energy stocks rallied in pre-market trading after President Trump proposed a U.S.-led effort to revive Venezuela's oil industry, with SLB up nearly +10% and Halliburton up more than +8% [15] Upcoming Economic Data - Investors are focused on the upcoming U.S. nonfarm payrolls report, which will provide insights into the labor market and the timing of the Fed's next interest-rate cut [6] - Additional reports, including JOLTs Job Openings and ADP Nonfarm Employment Change, will offer further insights into labor market health [6] International Developments - The U.S. military operation that ousted Venezuelan President Nicolas Maduro has heightened geopolitical risks, leading to a rise in gold and silver prices [4] - China's Shanghai Composite Index closed higher, driven by semiconductor and AI-related stocks, while concerns over oil access due to U.S. actions in Venezuela affected energy stocks [11]

Economic Data - Initial jobless claims decreased to 199,000, better than the expected 220,000, marking a continuous decline for four weeks [6][8] - The number of individuals continuing to receive unemployment benefits fell to 1.866 million, with a four-week moving average also declining [6][8] - The New York Fed's weekly economic index stood at 2.23, with a 13-week moving average of 2.26 [7][10] Market Sentiment - The overall market sentiment remained in the "neutral" range, with the S&P 500 fear and greed index indicating a slight decrease compared to the previous week [11][12] - The volatility index (VIX) closed at 14.51, below the critical value of 20 and the 50-day moving average [11][13] Global Market Overview - Global equity markets experienced a weekly decline of 0.3%, with emerging markets up by 2.3% and developed markets down by 0.6% [14] - The US dollar index increased by 0.4%, while gold fell by 4.6% and Bitcoin rose by 3.1% [14] US Stock Market Performance and Style - The S&P 500 index decreased by 1.0% for the week, while the Nasdaq index fell by 1.5% [15] - The technology sector, represented by the "seven giants," saw a decline of 1.9%, and small-cap stocks, represented by the Russell 2000, also dropped by 1.0% [15] - Value stocks outperformed growth stocks, with large-cap stocks leading small-cap stocks [15] Industry Performance - Among the 36 secondary industries in the US stock market, 14 saw gains, with the top five performers being coal, oil and petrochemicals, defense and military, electrical equipment, and semiconductors, with weekly increases of 5.9%, 3.1%, 1.8%, 1.7%, and 1.4% respectively [17] - The automotive and parts sector lagged with a weekly decline of 5.0% [17]

Core Viewpoint - The article discusses the potential for growth in three AI-related stocks—NVIDIA Corp., Micron Technology, Inc., and Palantir Technologies Inc.—due to the "January Effect" and ongoing demand in the technology sector driven by artificial intelligence [2][4]. Group 1: NVIDIA Corp. - NVIDIA is expected to experience strong growth driven by demand for its AI hardware, particularly its next-generation Blackwell chips and cloud GPUs [5]. - The easing of U.S.-China trade tensions, highlighted by the approval of H200 AI chip shipments to select customers in China, is seen as a positive development for NVIDIA [6]. - NVIDIA projects fiscal fourth-quarter 2026 revenues at approximately $65 billion, with a margin of plus or minus 2% [7]. - The company's expected earnings growth rate for the current year is 55.9%, with a Zacks Consensus Estimate for EPS at $4.66, reflecting a 12% year-over-year increase [8]. Group 2: Micron Technology, Inc. - Micron's high-bandwidth memory (HBM) chips are in continuous demand, supporting growth in 2025 and expected to continue this year [9]. - The company anticipates fiscal second-quarter 2026 revenues between $18.3 billion and $19.1 billion, mirroring revenue growth seen during the dot-com bubble [10]. - Micron's projected earnings growth rate for the current year is 278.3%, with a Zacks Consensus Estimate for EPS at $31.36, indicating a 185.9% year-over-year increase [11]. Group 3: Palantir Technologies Inc. - Palantir is positioned for growth due to the increasing adoption of its Artificial Intelligence Platform (AIP) among U.S. government and commercial clients [12]. - The company expects total revenues for 2025 to be between $4.396 billion and $4.400 billion, indicating growth in both client segments [13]. - Palantir's expected earnings growth rate for the current year is 42.5%, with a Zacks Consensus Estimate for EPS at $0.73, reflecting a 52.1% year-over-year increase [14].

每经AI快讯，1月5日，美股存储芯片股盘前走高，美光科技涨3.5%，闪迪涨超4%，西部数据涨3.5%。 ...

格隆汇1月5日｜存储概念股盘前上涨，美光科技涨近3%，闪迪涨2.7%，西部数据涨2.1%，希捷科技涨 1.2%。消息面上，韩媒消息称，三星电子、SK海力士寻求将服务器DRAM价格上调至高70%。针对全 球内存芯片短缺问题，三星电子联席CEO卢泰文直言："由于这种状况前所未有，没有哪家公司能免受 影响"。他指出危机不仅波及手机，还覆盖电视、家用电器等其他消费电子产品。(格隆汇) ...

Market Reaction to Geopolitical Events - The arrest of Nicolás Maduro has led to a repricing of global risk, with Wall Street showing measured reactions despite the geopolitical shock [6][24] - Gold prices surged 2.1% to above $4,420 an ounce, driven by safe-haven demand amid geopolitical unpredictability and expectations of lower US interest rates [2][15] - Oil prices briefly dipped, with Brent near $60 and WTI around $57, but stabilized as markets assessed potential supply disruptions against a well-supplied global market [3][12] Oil Market Dynamics - Venezuela's oil production has decreased to less than one million barrels per day, accounting for under 1% of global supply, limiting long-term economic fallout from the geopolitical situation [8][24] - OPEC+ has paused additional supply increases, indicating that the situation remains too fluid for immediate action, with expectations of a surplus in global oil markets throughout the year [13][25] - Long-term investments from US oil majors could potentially triple Venezuela's output back to historic levels of 3 million barrels per day [14][25] Technology Sector Performance - Technology stocks are experiencing growth, driven by enthusiasm for artificial intelligence and semiconductor demand, with notable gains in companies like NVIDIA and Intel [17][20] - TSMC raised its price target by 35%, anticipating strong AI-driven demand and plans to invest $150 billion over the next three years to expand capacity [18][25] - The CES technology show is expected to further highlight innovation themes, reinforcing investor interest in tech stocks [17][25] Economic Data and Market Outlook - The upcoming US jobs report is a key focus, with expectations of payroll growth around 55,000, indicating a cooling labor market [21][22] - A softer jobs report could lead to further Federal Reserve rate cuts, which would generally support equities, particularly growth stocks [22][23] - Markets are currently displaying cautious optimism, willing to overlook geopolitical shocks as long as economic fundamentals remain stable [23][24]

Group 1: Market Performance - The storage chip sector has shown active performance, with multiple stocks experiencing significant increases, such as Silan Microelectronics rising over 14% and Shannon Semiconductor increasing over 10% [1] - Overnight, the U.S. stock market saw strong performance in the storage chip sector, with Micron Technology's stock rising by 10.51%, reaching a historical high, and SanDisk's stock increasing by 15.95% [1] Group 2: Demand Drivers - The demand for storage chips is driven by substantial investments in global AI infrastructure, with major North American cloud service providers like Google, Meta, Microsoft, and Amazon expected to increase capital expenditures by 2026, further boosting demand for high-performance storage products [1] - The global storage chip market is projected to remain in a state of supply shortage, with server DRAM and NAND flash consumption expected to surge by 40% to 50% year-on-year, particularly in the AI server sector [2] Group 3: Price Trends - According to reports, storage contract prices are expected to continue rising in Q1 2026, with increases potentially reaching 30% to 40%, and DDR5 RDIMM memory prices anticipated to rise over 40% [2] - The ongoing price increases for DRAM and NAND Flash are significantly improving the profitability of related companies [3] Group 4: Industry Expansion - The expansion of the storage chip industry is expected to drive demand for upstream semiconductor equipment and materials, with increased requirements for etching, thin film deposition, cleaning, and measurement equipment due to the advancement of technology nodes [2] - Domestic leading companies like Changxin Storage and Yangtze Memory Technologies are advancing their production plans, which will enhance capital expenditure certainty in the domestic storage industry [2] Group 5: AI Infrastructure - Storage chips are essential components of AI computing infrastructure, as AI training and inference tasks require high-speed access to massive data, directly impacting the overall efficiency of computing clusters [3] - The upgrade and price increase of storage chips reflect the high intensity and sustainability of downstream AI computing investments, which will further stimulate demand across various related industries, including AI servers and advanced packaging [3]

每经AI快讯，存储芯片概念快速拉升，香农芯创涨超10%，大为股份、德明利、江波龙、北京君正、佰 维存储、矽电股份跟涨。消息面上，美股存储芯片大涨，美光科技上涨涨10.51%，刷新历史新高； SanDisk上涨15.95%，西部数据上涨8.96%。 ...

Market Overview - Major US stock indices showed mixed performance, with the S&P 500 rising by 0.19% and the Dow Jones increasing by 0.66%, while the Nasdaq fell by 0.03% [1] - Tesla shares dropped by 2.6%, influenced by software stocks offsetting gains in chip stocks, while Salesforce fell over 4% and Nvidia rose over 1% [1] - The White House's decision to delay tariffs on certain household goods led to an 8% increase in shares of RH [1] Semiconductor Sector - SanDisk surged nearly 16%, Micron Technology rose over 10%, ASML increased by over 8%, and TSMC hit a historical high with a rise of over 5% [2] - The semiconductor sector is expected to benefit from increased capital expenditure in 2026, with analysts projecting a tightening market for memory chips, leading to significant price increases [11] Chinese Tech Stocks - The China concept index rose over 4%, with Baidu increasing by 15% and Alibaba by over 6% [3] - Baidu announced plans to spin off Kunlun Chip for independent listing on the Hong Kong Stock Exchange, resulting in a 9% rise in its stock [10] Economic Policies and Initiatives - The State Council approved the draft of the Water Supply Regulations and the revised Drug Administration Law Implementation Regulations [4] - Shanghai's measures to accelerate the construction of low-altitude economic advanced manufacturing clusters include support for eVTOL and industrial-grade drones, with funding up to 50 million yuan [5] - The State Council issued a solid waste comprehensive governance action plan aiming for a 45 billion-ton annual comprehensive utilization of major solid waste by 2030 [5] IPO and Corporate Actions - Blue Arrow Aerospace's IPO application was accepted, aiming to raise 7.5 billion yuan for reusable rocket technology upgrades and capacity enhancement [12] - Multiple companies announced acquisitions, including Zhongwei Company planning to acquire a 64.69% stake in Hangzhou Zhonggui, and Meike Home proposing to buy 100% of Wande Technology [15][16] Lithium and Battery Materials - Tianqi Lithium forecasted a net profit of 1.1 to 1.6 billion yuan for 2025, driven by strong demand in the new energy vehicle and energy storage markets [29] - The lithium hexafluorophosphate market is expected to remain tight, with significant price increases anticipated due to strong demand and cautious supply expansion [13] Consumer Market Trends - Hainan's duty-free market saw a significant increase during the New Year holiday, with sales reaching 712 million yuan, a year-on-year growth of 128.9% [10][14]

Group 1 - Bernstein has raised its price target for Micron Technology (MU) to $330 from $270, with the stock currently trading near $315, reflecting a significant increase in value [1] - Micron's stock has delivered a remarkable 262% return last year and is up over 72% in the past three months, outperforming major AI companies like Nvidia [2][3] - The demand for memory is growing rapidly due to AI, while supply expansion remains constrained, positioning Micron uniquely in the semiconductor market with sustained pricing power [4][6] Group 2 - Analysts are increasingly optimistic about Micron, with several firms raising their price targets, although the potential upside is narrowing [8] - Price targets from various analysts include: Rosenblatt at $500 (+58.7%), BofA Securities at $300 (-4.7%), JPMorgan at $350 (+11.1%), Morgan Stanley at $350 (+11.1%), HSBC at $330 (+4.8%), and KeyBanc at $325 (+3.2%) [9][10]