The U.S. stock market is bracing for a volatile end to the trading week on Friday, November 21, 2025, with premarket activity showing mixed signals following a sharp sell-off in the previous session. Concerns surrounding the valuation of artificial intelligence (AI) stocks and persistent uncertainty regarding the Federal Reserve's interest rate policy continue to weigh on investor sentiment.Premarket Trading and Futures MovementsAs the market approaches its open, U.S. stock futures are exhibiting a mixed pe ...

美股整体承压。周一受科技股分化拖累下挫，周二再度因就业数据疲软以及科技股抛售走弱；周三在英伟达与谷歌走强支撑下短暂反弹，但周四在大市全面 调整中再度大跌，科技板块波动剧烈，美光、甲骨文等出现显著杀跌，中概股整体亦承压。 行情回顾 美元指数本周整体走强，四天连涨、一度上破100关口并创近两周新高。驱动因素主要是美联储12月降息预期降温、避险情绪升温以及就业数据喜忧参半带 来的政策不确定性。 现货黄金走势震荡，周初受美元走强压制有所走低，周一盘中一度暴跌近100美元，周二下破4000后在疲软的ADP就业数据推动下快速反弹。此后两天维持 区间震荡，整体表现仍受美元强势限制。 国际油价整体震荡走弱，周初因俄罗斯新罗西斯克港出口恢复而承压，周二短暂受制裁预期影响有所回升，但周三因美国推动俄乌和谈传闻导致盘中跳水， 周四又因乌方释放和谈态度继续下挫。 投行观点精选 摩根士丹利撤销了对美联储12月降息的预测，认为美国经济仍具韧性。 高盛认为，各国央行可能在11月大量购金，维持明年底4900的金价预期。 摩根士丹利首席美股策略师Michael Wilson预计，标普500指数未来一年将上涨16%，2026年底料达到7800点 ...

Group 1 - Jefferies raised Nvidia's price target to $250 from $240 while maintaining a Buy rating on the shares [1] - The analyst noted that Nvidia's GB300 shipments contributed to a positive upside in estimates [1] - The company's results and commentary are expected to stabilize the AI trade as the year concludes [1]

Core Insights - NVIDIA and TSMC are pivotal players in the semiconductor industry, with NVIDIA focusing on AI-driven GPUs and TSMC specializing in advanced chip manufacturing [1][2] NVIDIA Performance - NVIDIA is experiencing significant growth, with Q3 fiscal 2026 revenues increasing by 62% year-over-year to $57 billion and EPS rising by 60% to $1.30 [3][5] - The Data Center segment is the primary growth driver, generating $51.22 billion in revenues, accounting for 89.8% of total sales, reflecting a 66% year-over-year increase [5] - NVIDIA's partnership with OpenAI is expected to enhance long-term demand for its GPUs, solidifying its position as a leading AI chip supplier [6] TSMC Performance - TSMC is a leader in semiconductor foundry services, with revenues in Q3 2025 increasing by 41% year-over-year to $33.1 billion and EPS rising by 39% to $2.92 [8] - The company is investing heavily, with capital expenditures projected between $40 billion and $42 billion in 2025, focusing on advanced manufacturing processes [9] Growth Outlook Comparison - NVIDIA's growth outlook is stronger in the near term, with projected revenue and EPS growth of 57.9% and 50.8% for fiscal 2026, respectively [13] - TSMC's growth projections for 2025 indicate a more modest revenue growth of 33.7% and EPS increase of 44% [14] Stock Performance and Valuation - Both NVIDIA and TSMC have seen strong stock performance in 2025, with NVIDIA shares up 34.5% and TSMC shares up 40.5% [15] - TSMC has a forward P/E ratio of 23.47, while NVIDIA's is higher at 30.38, reflecting NVIDIA's stronger growth profile [16] Investment Recommendation - NVIDIA is positioned as a better investment choice due to its leadership in AI hardware, robust product lineup, and superior growth profile [20]

据报道，谷歌(GOOGL.US)旗下负责人工智能基础设施业务的一位高管近期向员工表示，该公司需要每 六个月将计算能力提升一倍，以满足需求。据悉，谷歌云副总裁Amin Vahdat在向员工做报告时展示了 一张有关计算能力的PPT，上面写着："现在我们必须每6个月就将计算能力翻一番……在4到5年内将计 算能力提升1000倍。"这一言论是在11月6日的一次会议上发表的。 该报告发布于科技巨头英伟达(NVDA.US)公布超出预期的业绩及指引的一天之后。业绩公布后，英伟 达股价起初有所上涨，管理层也针对投资者的几个担忧给出了回应。然而，在周四，由于人们对人工智 能泡沫破裂的担忧持续存在，涨幅随即消失。 Alphabet是英伟达的客户之一，并且还为其各类应用和服务使用自身的张量处理单元。 谷歌母公司Alphabet首席执行官Sundar Pichai也出席了同个会议。在被问及关于人工智能泡沫可能破裂 的情况时，Pichai承认这个问题如今已成为了"时代潮流"的一部分，但他再次强调了自己的观点，即投 资不足的风险非常高。 据报道，Pichai表示："在这样的时刻，确实总是会面临一些困难，因为投资不足的风险是相当高的。实 际 ...

I/O Fund’s CEO Beth Kindig has issued what may be the boldest valuation call of the AI era: Nvidia Corp (NASDAQ:NVDA) at $20 trillion by 2030. Track NVDA stock here.It sounds like a headline built to shock, but Kindig insists it's the opposite — not hype, not hyperbole, but a "data-driven, fundamentally grounded" projection.Her argument rests on a simple premise: if Nvidia's data center business grows at a 36% CAGR, in line with exploding global AI capex, the company can compound its way to a valuation near ...

I am focused on growth and dividend income. My personal strategy revolves around setting myself up for an easy retirement by creating a portfolio which focuses on compounding dividend income and growth. Dividends are an intricate part of my strategy as I have structured my portfolio to have monthly dividend income which grows through dividend reinvestment and yearly increases. Feel free to reach out to me on Seeking AlphaAnalyst’s Disclosure:I/we have a beneficial long position in the shares of NVDA, AMZN, ...

I am focused on growth and dividend income. My personal strategy revolves around setting myself up for an easy retirement by creating a portfolio which focuses on compounding dividend income and growth. Dividends are an intricate part of my strategy as I have structured my portfolio to have monthly dividend income which grows through dividend reinvestment and yearly increases. Feel free to reach out to me on Seeking AlphaAnalyst’s Disclosure:I/we have a beneficial long position in the shares of NVDA, AMZN, ...

Core Viewpoint - Despite Nvidia's earnings exceeding expectations, AI-related stocks collectively declined due to investor skepticism regarding the sustainability of AI spending [1] Group 1: Market Sentiment - There is a growing bearish sentiment in the market, with numerous bearish opinions received via social media [1] - The current concerns revolve around signals from the market regarding Nvidia's technology clients and the sustainability of the AI transformation in the coming years [1] Group 2: Investment Recommendations - Wedbush Securities maintains an optimistic outlook for technology stocks in the coming year, suggesting that investors buy "AI winners" [1] - Analyst Dan Ives emphasizes that $3-4 trillion will be invested in the AI revolution over the next few years, which is essential for the future of automation and AI [1] - Recommended stocks for purchase at current levels include Nvidia (NVDA.US), Microsoft (MSFT.US), Oracle (ORCL.US), Palantir (PLTR.US), Google (GOOGL.US), Tesla (TSLA.US), Apple (AAPL.US), CrowdStrike (CRWD.US), Palo Alto Networks (PANW.US), and Amazon (AMZN.US) [1]

Not that AI is overvalued, but that the entire system supporting AI valuations is built on borrowed money, borrowed time, and borrowers who are running out of both…Luis Flavio NunesWhen margin debt surges 45% while consumer sentiment plummets to near-record lows, history says a crash follows. Thursday, it started. Nvidia beat earnings by billions, but the market didn’t care, because investors grasped that the two pillars holding up the AI boom, Wall Street leverage and Main Street spending, are collapsing i ...