美光科技（MU）下跌 3%，因韩联社（Yonhap）报道称，三星计划最早于本月重启 HBM4（高带宽内存 4）的 大规模生产，以供应给英伟达（NVDA）的 Vera Rubin芯片。 我们早在去年 9 月就建议选择三星而非美光，因当时担忧美光在 HBM 领域的进展缓慢，而这些担忧如今似乎已在 一定程度上反映到市场中。 不过，自去年秋季以来，美光股价已累计上涨 200% 以上，而三星仅上涨 100% 美光科技（MU）下跌 3%，因韩联社（Yonhap）报道称，三星计划最早于本月重启 HBM4（高带宽内存 4）的 大规模生产，以供应给英伟达（NVDA）的 Vera Rubin芯片。 我们早在去年 9 月就建议选择三星而非美光，因当时担忧美光在 HBM 领域的进展缓慢，而这些担忧如今似乎已在 一定程度上反映到市场中。 今日与投资者交流后发现，多数人观点与我们一致，当前主要讨论焦点包括：亚马逊云服务（AWS）增速能有多 快、运营利润还有多少上调空间，以及资本支出周期将持续多久。 Spotify（SPOT）下跌 2%：上周末，TMTB 聊天群中就多空双方对该股的争论展开了热烈讨论，具体观点如 下： AnonCap（Ta ...

公众号记得加星标⭐️，第一时间看推送不会错过。 如果感觉如今科技领域的一切都与人工智能息息相关，那是因为事实的确如此。而计算机内存市场更 是如此。用于为人工智能数据中心中的GPU和其他加速器供电的DRAM内存需求巨大，利润丰厚，以 至于挤占了其他用途的内存供应，导致价格飙升。据Counterpoint Research的数据显示，本季度 DRAM价格已上涨80%至90%。 最大的人工智能硬件公司表示，他们已经确保了芯片供应到 2028 年，但这让其他所有人——个人电 脑制造商、消费电子产品制造商以及其他所有需要临时存储十亿比特数据的设备制造商——都不得不 争先恐后地应对供应短缺和价格上涨的问题。 电子行业是如何陷入如今这般困境的？更重要的是，它又该如何摆脱困境？IEEE Spectrum采访了经 济学家和存储器专家，请他们对此进行解释。他们认为，如今的局面是 DRAM 行业历史上长期存在 的繁荣与衰退周期，以及规模空前的 AI 硬件基础设施建设相互碰撞的结果。而且，除非 AI 领域出 现重大崩盘，否则新增产能和新技术需要数年时间才能使供应与需求相匹配。即便如此，价格也可能 依然居高不下。 要了解事情的来龙去脉 ...

Market Overview - The Dow Jones reached an intraday record high of 50,512.79 points, closing up 52.27 points or 0.10% at 50,188.14 points, while the Nasdaq fell 136.20 points or 0.59% to 23,102.47 points, and the S&P 500 dropped 23.01 points or 0.33% to 6,941.81 points [1] - The latest retail sales report indicated that consumer spending in December remained flat, below economists' expectations of a 0.4% monthly increase, following a 0.6% increase in November [5] Cryptocurrency - Bitcoin fell below $70,000, down over 2% to $68,698, while Ethereum dropped 4.5% to $2,010 [3] Commodities - Gold prices decreased by 0.74% to $5,022.97, with a significant correction following a previous surge, while silver was priced at $80.818 per ounce [3] - WTI crude oil prices fell by 0.6% to $63.96 per barrel, and Brent crude oil dropped by 0.4% to $68.80 per barrel [4] Economic Indicators - The U.S. retail sales unexpectedly stagnated in December, indicating cautious consumer spending as the holiday season concluded, with 8 out of 13 retail categories showing declines [5] - The U.S. loan default rate surged to 4.8%, the highest level since 2017, driven by increased defaults among low-income and young borrowers [6] Federal Reserve Insights - Federal Reserve officials expressed cautious optimism regarding current interest rates, with no immediate need for rate adjustments, while acknowledging persistent inflation concerns [7][8] Corporate News - Boeing plans to increase the monthly production of its 737 aircraft to 63 units, which is crucial for improving its financial situation [11] - Stellantis is seeking to exit its joint battery venture with Samsung in the U.S., amid a strategic shift to conserve cash and reduce electric vehicle-related losses [12] - Morgan Stanley maintained a neutral rating on Tesla with a target price of $415 [13]

Analysts at Goldman Sachs expect big tech giants to spend over half a trillion dollars on AI-related capital expenditure in 2026. And much of that money is going to data center hardware like AI accelerator chips, high-bandwidth memory devices, and various types of networking equipment. The eye-popping level of hardware spending contrasts with low profits and often huge losses on the consumer-facing software side of the industry. This dynamic means investors can maximize returns by betting on pick-and-shove ...

周二美股成交额第1名特斯拉收高1.89%，成交271.5亿美元。特斯拉公司周二任命其欧洲业务的一位负 责人来负责全球电动汽车销售，这是该公司陷入困境的汽车业务的最新领导层变动。 据知情人士透露，特斯拉欧洲、中东和非洲（EMEA）业务副总裁Joe Ward将领导公司的销售、服务和 交付组织。 第2名英伟达收跌0.79%，成交257.77亿美元。日前有消息称三星电子将提前开始大规模生产新一代高带 宽存储芯片。三星计划本月启动HBM4芯片的大规模生产，为英伟达下一代AI加速器Vera Rubin供货。 据报道，这款芯片的处理速度较前代HBM3E提升约22%，数据传输速率可达11.7 Gbps。 第3名微软收跌0.08%，成交186.1亿美元。据媒体周二报道，特朗普打算让亚马逊、谷歌和微软等公司 免受即将对芯片征收的关税影响，因为这些公司正在竞相建设为人工智能繁荣提供动力的数据中心。 另外有报道称，特朗普政府希望科技公司承诺加入一项关于人工智能数据中心的新协议。这份协议草案 列出了相关承诺，以确保数据中心不会推高家庭用电价格、不会使水资源紧张，也不会破坏能源电网。 第5名美光收跌2.67%，成交131.99亿美元。德 ...

Economic Indicators - Nonfarm payrolls are expected to increase by +68,000 in January, with the unemployment rate remaining unchanged at 4.4% [1] - Average hourly earnings are projected to rise by +0.3% month-over-month and +3.7% year-over-year in January [1] - Initial weekly unemployment claims are anticipated to decrease by -7,000 to 224,000 [1] - Existing home sales in January are expected to decline by -4.3% month-over-month to 4.16 million [1] - January CPI is expected to rise by +2.5% year-over-year, with core CPI also expected to increase by +2.5% year-over-year [1] Retail Sales and Employment Costs - US December retail sales were unchanged month-over-month, falling short of expectations of +0.4% [2] - The employment cost index for Q4 rose by +0.7% quarter-over-quarter, which is the smallest increase in 4.5 years and below the expected +0.8% [2] Stock Market Performance - Stock indexes experienced mixed trading, with the Dow Jones reaching a new all-time high while the S&P 500 closed down -0.33% and the Nasdaq down -0.56% [6][5] - The broader market initially found support from weaker-than-expected retail sales and employment cost index reports, which lowered bond yields [5] Earnings Season Insights - Over half of the S&P 500 companies have reported earnings, with 78% beating expectations [7] - S&P earnings growth is expected to rise by +8.4% in Q4, marking the tenth consecutive quarter of year-over-year growth [7] - Excluding the Magnificent Seven tech stocks, Q4 earnings are projected to increase by +4.6% [7] Interest Rates and Bond Market - The markets are pricing in a 23% chance of a -25 basis point rate cut at the next Federal Reserve meeting [8] - The 10-year T-note yield fell to a 3.5-week low of 4.13%, supported by weaker-than-expected economic reports [9] Sector Performance - AI-infrastructure stocks faced pressure, with Western Digital down more than -7% and other tech stocks also declining [12] - Wealth-management stocks dropped significantly, with Raymond James Financial down more than -8% due to concerns over AI disruption [13] - Homebuilding stocks rose after the drop in mortgage rates, with Toll Brothers up more than +6% [14] Company-Specific Developments - Goodyear Tire & Rubber Co reported Q4 adjusted EPS of 39 cents, below the consensus of 49 cents, leading to a decline of more than -14% [15] - Incyte forecasted dull-year total net product revenue of $4.77 billion to $4.94 billion, causing a drop of more than -8% [16] - Spotify reported a record 38 million monthly active users in Q4, leading to a rise of more than +17% [17]

Core Viewpoint - Micron Technology is experiencing a positive outlook with a new price target of $500 set by Deutsche Bank, indicating a potential rise of approximately 34.77% from its current trading price of $371 [1][6]. Group 1: Stock Performance - Micron's current stock price is $370.27, having decreased by 3.45% today, which is a drop of $13.23 [3]. - The stock has shown significant volatility over the past year, with a high of $455.50 and a low of $61.54 [4]. - The market capitalization of Micron is approximately $416.7 billion, reflecting its status as a major player in the semiconductor industry [4]. Group 2: Market Position and Outlook - Micron's inclusion in the Zacks Focus List highlights its potential for earnings growth and market-beating performance, suggesting a positive long-term outlook [2][6]. - The company's strong market position and innovative solutions are key factors contributing to its potential for future growth [5]. - Despite recent stock volatility, the new price target from Deutsche Bank reflects strong confidence in Micron's future performance within the semiconductor industry [6].

Core Insights - The article highlights the emergence of Micron Technology, Inc. as a strong investment opportunity in the AI sector, particularly in comparison to NVIDIA Corporation, which has seen significant returns over the past five years [2]. Group 1: NVIDIA's Performance and Outlook - NVIDIA has delivered impressive quarterly results, consistently exceeding Wall Street expectations despite geopolitical challenges, driven by strong demand for its Blackwell chips and cloud GPUs [3]. - The easing of U.S.-China trade tensions and increased data center spending are expected to boost NVIDIA's sales, with projected revenues for fiscal Q4 2026 reaching nearly $65 billion, up from $57 billion in fiscal Q3 2026 [4]. Group 2: Micron's Growth and Demand - Micron is gaining attention due to strong demand for its high-bandwidth memory (HBM) chips, which are critical for AI infrastructure investments by data center operators and hyperscalers [5]. - The demand for Micron's HBM chips is expected to continue rising, with constrained supply likely enhancing profit margins and supporting growth, as indicated by CEO Sanjay Mehrotra [6]. - Micron's management anticipates fiscal Q2 2026 revenues between $18.3 billion and $19.1 billion, significantly higher than the $13.64 billion reported in Q1 fiscal 2026, with expectations for increased net income [7]. Group 3: Investment Potential of Micron - Micron's net profit margin of 28.2% surpasses the Computer - Integrated Systems industry's average of 14.3%, indicating strong growth potential [8]. - The company's forward price-to-earnings (P/E) ratio of 11.66 is below the industry average of 18.18, presenting an attractive buying opportunity [11]. - Micron's Zacks Consensus Estimate for earnings per share (EPS) is $32.9, suggesting a year-over-year growth of 204.3% [13]. - Micron currently holds a Zacks Rank 1 (Strong Buy), indicating strong investor interest [15].

Understanding the Power Inflow SignalThe Power Inflow alert is a proprietary signal developed and provided by TradePulse. The alert is issued within the first two hours of the trading day, it highlights when there is a significant shift in order flow, specifically indicating that there's been a strong trend toward buying activity. This suggests a high probability of bullish price movement for the rest of the day, making it a potentially strategic and opportune entry point for active traders.Order flow analy ...

Core Viewpoint - Deutsche Bank maintains a "Buy" rating for Micron Technology, raising its price target from $300 to $500, indicating strong confidence in the company's future performance [1][5] Group 1: Institutional Investment - Roman Butler Fullerton & Co. recently invested in Micron, acquiring 1,404 shares valued at approximately $235,000, reflecting a trend of increasing institutional investment [2] - Vanguard Group Inc. increased its holdings by 1.9% in the second quarter, now owning over 103 million shares valued at $12.8 billion [2] - State Street Corp expanded its stake by 2.7%, holding over 51 million shares worth approximately $6.3 billion [2] Group 2: Stock Performance - The current stock price of Micron is approximately $380.53, reflecting a slight decrease of about 0.78% or $2.97 [3] - During the trading day, the stock fluctuated between a low of $366.06 and a high of $382.16, showcasing significant volatility [3] - Over the past year, Micron has experienced a high of $455.50 and a low of $61.54, indicating the dynamic nature of the semiconductor market [3] Group 3: Market Capitalization and Trading Volume - Micron's market capitalization stands at approximately $428.29 billion, reflecting its substantial presence in the industry [4] - The trading volume for Micron is 11.56 million shares on the NASDAQ exchange, indicating active investor interest [4] - These figures underscore the company's importance and the confidence investors have in its growth potential [4]