瑞穗证券科技行业分析师Jordan Klein表示，那些从贵金属和加密货币市场撤资的投资者， 可能很快会将资金投向存储芯片以及硬盘驱动器相关股票。 01 上周五，美国总统特朗普宣布提名前美联储理事凯文·沃什担任下任美联储主席，沃什的货币政策立场 被视为偏鹰派。这引发市场对流动性收紧的强烈预期，促使贵金属和加密货币市场双双大幅回调。 瑞穗证券科技行业分析师Jordan Klein表示，那些寻求从贵金属和加密货币市场撤资的投资者，可能很 快会将资金投向存储芯片以及硬盘驱动器相关股票。 Klein日前在接受采访时表示，随着存储芯片股凭借强劲基本面持续刷新新高，这类 "热钱" 正在寻找新 的叙事点。他预计，存储板块的基本面在今年剩余时间里都将保持稳健。 Klein观察到，当前市场资金 "四处流动，不断寻找新的叙事方向，同时瞄准那些持续创新高的股票或板 块"。 然而，他也承认传统主动型基金经理的担忧——他们担心"跟风资金"在不了解底层投资逻辑的情况下盲 目追逐收益。 "他们甚至都不知道自己持有什么。他们只是盯着股价走势图。一旦上涨势头中断，他们就 是最先抛售的人，"Klein说道。 Klein解释称，最近闪迪的财报电话 ...

每经AI快讯，2月3日，美股存储板块盘前走高。美光科技涨1.8%，闪迪涨3.2%，西部数据涨2.3%。 （文章来源：每日经济新闻） ...

No one mentioned Micron in Apple's latest earnings call. They didn't have to.When Apple (AAPL +4.12%) provides quarterly updates, it only makes sense that everyone focuses on how the latest news impacts Apple itself. Sometimes, though, the information provided by Apple's management team has ramifications for other companies.That was the case with the iPhone maker's fiscal year 2026 first-quarter earnings call last week. Apple CEO Tim Cook just gave great news for Micron Technology (MU +5.42%) investors. App ...

Group 1 - SF Express (09699) expects a profit of no less than RMB 238 million for the year ending December 31, 2025, representing an increase of at least 80% compared to 2024. Adjusted net profit is projected to be no less than RMB 376 million, a growth of at least 158%, with revenue expected to reach no less than RMB 22 billion, a 40% increase from 2024 [1] - Fuhong Hanlin (02696) shares rose nearly 5% following a successful offline researcher meeting in San Francisco regarding its international multi-center Phase III clinical study for HLX22, a new anti-HER2 monoclonal antibody [1] - Xpeng Motors (09868) saw a decline of over 2.2% as it reported January vehicle deliveries of 20,011 units, a year-on-year decrease of 34.07% and a month-on-month decrease of 46.65% [1] Group 2 - Engineering machinery stocks continued to rise, with Zoomlion (01157) up 7.47% and Sany International (00631) up 3.57%. The total import and export trade of engineering machinery in China for 2025 is projected to be USD 62.743 billion, a year-on-year increase of 13.2% [2] - Ruipu Lanjun (00666) shares increased over 5% after announcing its first profit forecast since listing, expecting a net profit of RMB 630 million to RMB 730 million for the year ending December 31, 2025 [2] - Pony.ai (02026) shares rose over 2.5% following a partnership with Aitbot to build a fully autonomous driving service fleet [2] Group 3 - MINIMAX-WP (00100) shares surged over 12.7% after the release of the MiniMax Music 2.5 audio model, which achieved breakthroughs in "paragraph-level strong control" and "physical-level high fidelity" [3] - China International Marine Containers (02039) shares rose over 12% after discussing its data center business and container manufacturing performance in an investor relations activity [3] Group 4 - WanGuo Gold Group (03939) shares increased over 6.8% after announcing an expected profit of approximately RMB 1.4 billion to RMB 1.5 billion for 2025, a year-on-year increase of about 143% to 161% due to rising sales volume and prices of gold products [4] - Junda Co., Ltd. (02865) shares rose over 13% after completing a placement agreement [4] Group 5 - Carnival Cruise Line (CCL.US) shares rose 8.09% as U.S. House Speaker Mike Johnson expressed confidence in gaining Republican support to end the government shutdown [5] - Major tech stocks like AMD (AMD.US) and Intel (INTC.US) saw gains, with AMD up 4.03% and Intel up 5.04%, following unexpected expansion in U.S. manufacturing activity [5] - The storage sector strengthened, with SanDisk (SNDK.US) up 15.44% as demand for AI and data centers continues to drive price increases in DRAM and NAND Flash products [6] Group 6 - Disney (DIS.US) shares fell 7.4% despite reporting a 5% year-on-year revenue increase to USD 26 billion for Q1 2026, exceeding analyst expectations [7] - Coterra Energy (CTRA.US) shares dropped 3.6% following Devon Energy's announcement of a significant acquisition deal [6] - Oracle (ORCL.US) shares declined 2.75% as the company plans to raise USD 45 billion to USD 50 billion for expanding its cloud infrastructure [8]

Core Insights - Micron Technology is positioned as a key player in the high-bandwidth memory (HBM) chip market, which is expected to see significant demand growth due to the evolving needs of AI infrastructure [3][7] - The AI memory chip market is projected to experience substantial growth, with estimates suggesting that AI hyperscalers could spend around $500 billion on capital expenditures by 2026, indicating a strong upward trend in investment [4] - Micron's market cap has increased nearly tenfold in recent years, with a notable surge occurring in the last six months, suggesting strong investor interest and confidence in the company's future [9][12] Industry Dynamics - The demand for memory solutions is becoming critical as generative AI workloads expand, shifting the bottleneck from raw compute power to memory capacity [3][6] - Prices for dynamic random access memory (DRAM) and NAND chips are expected to rise significantly, by up to 60% and 38% respectively, which will enhance Micron's pricing power in the market [6][7] - The competitive landscape includes major players like Nvidia and Advanced Micro Devices, but Micron's focus on HBM positions it uniquely to capitalize on the growing need for enhanced memory solutions [5][11] Valuation and Market Position - Micron's forward price-to-earnings (P/E) ratio is currently at 14, which is considered reasonable compared to other companies in the AI chip market that have higher valuations [11] - The comparison between Micron and Nvidia highlights the potential for Micron to experience significant growth, although it may not replicate Nvidia's meteoric rise [12][13] - The company is seen as being on the verge of an "Nvidia moment," suggesting that it could experience a breakout in its stock performance driven by favorable market conditions [13]

Group 1 - Spot gold increased to $4,818.45 per ounce, rising 3.42% within the day, while spot silver rose over 6% to $83.944 per ounce [1] - The Nikkei index surged by 2.43%, and the Korean Composite Index rose by 3.78% [3] - SK Hynix's stock increased by nearly 6%, contributing to a rebound in Korean chip stocks after a previous sell-off [5] Group 2 - NAND flash memory manufacturers SK Hynix and SanDisk reported a more than 30% increase in average selling price (ASP) for NAND in their Q4 2025 financial reports [6] - Strong fundamentals in the memory sector are attracting capital that has moved away from precious metals and cryptocurrencies, as indicated by the performance of memory stocks [6]

Core Viewpoint - The article highlights a significant rebound in the U.S. stock market, particularly in the semiconductor sector, driven by optimistic forecasts for DRAM prices by Goldman Sachs, which predicts a substantial increase in prices for 2026 [1][3][4]. Semiconductor Sector - The U.S. stock market saw a strong performance with major indices rising, particularly the Dow Jones, which increased by over 1%, and the S&P 500 approaching historical highs [1][3]. - Semiconductor stocks experienced a collective surge, with the Philadelphia Semiconductor Index rising by 1.7%. Notable performers included SanDisk, which surged over 15%, and Western Digital, which rose nearly 8% [3][4]. - Analysts suggest that capital moving out of precious metals and cryptocurrencies is seeking new investment opportunities, with the storage chip sector poised to attract this influx of funds due to strong fundamentals [3][4]. DRAM Price Forecast - Goldman Sachs has significantly raised its price forecasts for DRAM, predicting a 90%-95% quarter-over-quarter increase in Q1 2026, following a 45%-50% increase in Q4 2025. This outlook exceeds previous market expectations [4]. - In the PC DRAM segment, TrendForce has adjusted its price forecast for Q1 2026 to a 105%-110% increase, surpassing Goldman Sachs' earlier estimate of 80%-90%, indicating potential for further price increases [4]. Economic Indicators - The ISM reported a surprising rise in the U.S. manufacturing PMI for January, jumping from 47.9 to 52.6, indicating expansion and the fastest growth rate since 2022, driven by robust new orders and production [6]. - The new orders index reached 57.1, a significant increase from the previous 47.7, while the production index also showed strong growth, suggesting a rebound in factory activity after a prolonged period of contraction [6]. - Employment index recorded 48.1, indicating a slowdown in job losses within the manufacturing sector, although it remains below the expansion threshold [6].

Market Performance - The S&P 500 rose 0.54% to close at 6,976.44 points, nearing its record high of 6,978.60 [7][10] - The Nasdaq gained 0.56% to 23,592.11 points, while the Dow Jones Industrial Average increased by 1.05% to 49,407.66 points [10] - The S&P 500 experienced its first gain in three sessions, driven by gains in chipmakers and AI-related companies [9][10] Company Highlights - Alphabet's stock increased by 1.9% to a record high, and Amazon's stock rose by 1.5%, with both companies set to report quarterly results soon [1][9] - SanDisk surged 15.4%, Advanced Micro Devices rose 4%, and Micron Technology added 5.5%, benefiting from AI-related demand [1][9] - Walt Disney's stock fell 7.4% despite exceeding quarterly earnings expectations, due to warnings about declining international visitors and earnings slumps in its TV and film division [6][10] Economic Indicators - Analysts project S&P 500 companies' earnings to grow nearly 11% in the December quarter, up from an initial estimate of about 9% [6] - U.S. factory activity showed growth for the first time in a year in January, according to PMI data [8][10] - The CBOE VIX, a volatility index, decreased by 1 point to 16.5, indicating reduced market fear [8][10] Small-Cap Stocks - The Russell 2000 index rose about 1%, significantly outperforming the S&P 500 and Nasdaq in 2026, reflecting investor confidence in the economy [2][9] - Advancing issues outnumbered declining ones in the S&P 500 by a ratio of 1.4-to-one, with 30 new highs and 9 new lows recorded [9][10]

Group 1 - The market is expected to enter a medium to long-term consolidation phase after a short-term momentum decline [10] - The Shanghai government has initiated a program to purchase second-hand housing for affordable rental housing projects, targeting new citizens, young people, and graduates [5] - The Ministry of Industry and Information Technology has approved a new national standard for automotive door handles, set to be implemented in 2027, addressing safety and usability issues [5] Group 2 - The National Development and Reform Commission and other departments have released guidelines for the construction of a low-altitude economy standard system, aiming for over 300 standards by 2030 [3] - The Ministry of Finance has introduced a temporary method for long-term asset input tax deduction, allowing full deduction for mixed-use assets upon purchase [4] - The stock of Guokai Military Industry has experienced significant price fluctuations, with a recent announcement clarifying that its commercial aerospace projects are still in the R&D phase and have minimal impact on revenue [7]

Group 1 - The U.S. stock market experienced a significant rebound, with the Dow Jones Industrial Average rising by 515.19 points, or 1.05%, closing at 49,407.66 points, while the S&P 500 index approached 7,000 points, closing at 6,976.44 points [1] - The storage chip manufacturers saw a notable increase in stock prices, driven by demand in the artificial intelligence sector, with SanDisk's stock soaring by 15.4%, Micron Technology rising by 5.5%, and Advanced Micro Devices increasing by 4% [1] - The volatility index (VIX) dropped over 6% after reaching a near two-week high, settling at 16.32 points [1] Group 2 - The precious metals market experienced heightened volatility, with COMEX gold futures for February delivery falling by 1.94% to $4,622.50 per ounce, and COMEX silver futures dropping by 1.93% to $78.77 per ounce, as trading intensified around the $80 mark [2]