④ 【贝雅资本下调特斯拉评级】贝雅资本将特斯拉评级从跑赢大盘下调至中性，目标价320美元。截至 发稿，特斯拉下跌2.5%。 ② 【中概股多数上涨】中概股盘前多数上涨，京东涨约3%，百度涨约2%，阿里巴巴涨约2%。 ③ 【高通斥资24亿美元收购Alphawave】当地时间6月9日，芯片制造商高通同意以约24亿美元收购英国 半导体公司Alphawave，此举旨在增强其数据中心和AI连接能力。Alphawave股东将获得每股183便士的 收购价，较高通披露其收购前的价格溢价近96%。截至发稿，高通上涨0.13%。 ⑤ 【星巴克中国官宣降价】北京时间6月9日，星巴克宣布6月10日起，中国市场星巴克三大王牌品类 ——星冰乐、冰摇茶、茶拿铁，共计数十款产品将集体推出全新夏日"心动价"。以大杯为例，平均价格 降幅达到5元左右。截至发稿，星巴克上涨0.26%。 ⑥ 【英国金融监管机构与英伟达合作开发AI"沙盒"】当地时间6月9日，英国金融行为监管局(FCA)启动 了一个监管"沙盒"，该国的金融公司将在今年晚些时候用它测试AI工具。FCA已与英伟达合作，通过所 谓的"超级沙盒"提供先进的计算能力和定制的AI软件。沙盒是指一个受 ...

Core Viewpoint - Qualcomm announced the acquisition of Alphawave Semi for approximately $2.4 billion, aiming to accelerate its expansion into data centers and acquire critical assets [1] Group 1: Acquisition Details - Qualcomm's indirect wholly-owned subsidiary, Aqua Acquisition Sub LLC, will acquire all issued and to-be-issued common stock of Alphawave Semi [1] - The implied enterprise value of the acquisition is around $2.4 billion [1] Group 2: Strategic Intent - The acquisition is intended to further accelerate Qualcomm's expansion into data centers [1] - Alphawave Semi is a global leader in high-speed wired connectivity and computing technology, providing IP, custom chips, connectivity products, and small chips [1] - The technology from Alphawave Semi is designed to drive faster and more reliable data transmission with higher performance and lower power consumption [1]

Core Viewpoint - The article discusses the potential for value stocks in the AI sector, highlighting companies that may attract value-oriented investors like Warren Buffett, despite their growth characteristics. Group 1: Alphabet - Alphabet is positioned as a potential fit for Berkshire Hathaway due to its leadership in AI and strong cash flow from digital advertising [4] - The company generates 74% of its revenue from ads, facing pressure as its search market share drops below 90%, prompting diversification into Google Cloud and autonomous driving with Waymo [5][6] - Alphabet plans to invest $75 billion in capital expenditures this year, supported by $95 billion in liquidity and $75 billion in free cash flow over the past 12 months, making it attractive for value investors with a P/E ratio of about 19 [6] Group 2: Meta Platforms - Meta Platforms, known primarily as a social media company, is investing heavily in AI and the metaverse, with a capex commitment of $64 billion to $72 billion by 2025 [7][8] - The company has over $70 billion in liquidity and generated $50 billion in the last 12 months, allowing it to support its ambitious investments [8] - With a P/E ratio around 27, Meta presents a reasonable valuation alongside its potential for AI leadership, appealing to value-oriented investors [9] Group 3: Qualcomm - Qualcomm is identified as a surprising value stock, with diversification into IoT, automotive, and data center processors amid challenges in the smartphone market [10] - The company has spent $1.1 billion in capex over the past year, but the emergence of low-cost AI could revitalize its smartphone segment, which has a 12% annual revenue growth rate [11] - Qualcomm's IoT and automotive segments have shown impressive growth rates of 27% and 59% respectively, and it trades at a P/E ratio of 15, making it an attractive investment opportunity [12]

Company Performance - Qualcomm's stock closed at $147.56, reflecting a -1% change from the previous day, underperforming the S&P 500's loss of 0.53% [1] - Over the past month, Qualcomm's shares gained 3.29%, which is lower than the Computer and Technology sector's gain of 8.67% and the S&P 500's gain of 5.17% [1] Earnings Projections - The upcoming earnings report for Qualcomm is expected to show earnings per share (EPS) of $2.69, indicating a 15.45% increase year-over-year [2] - Quarterly revenue is projected to be $10.35 billion, up 10.24% from the same quarter last year [2] Full-Year Estimates - Full-year earnings are estimated at $11.81 per share, with revenue expected to reach $43.54 billion, representing year-over-year increases of +15.56% and +11.76%, respectively [3] - Recent analyst estimate revisions are seen as a positive indicator of the company's business outlook [3] Valuation Metrics - Qualcomm has a Forward P/E ratio of 12.62, which is a discount compared to the industry average Forward P/E of 25.08 [5] - The company has a PEG ratio of 1.38, compared to the Electronics - Semiconductors industry's average PEG ratio of 1.65 [6] Industry Ranking - The Electronics - Semiconductors industry ranks in the top 33% of all industries, with a current Zacks Industry Rank of 81 [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

我是芯片超人花姐，入行20年，有50W+芯片行业粉丝。 有很多不方便公开发公众号的， 关于芯片买卖、关于资 源链接等， 我会分享在朋友圈 。 扫码加我本人微信 2 、 2 场深度沙龙，助力链接当地资源 从去年开始，越来越多的芯片人开始把目光投向海外市场。在技术创新与本土竞争趋于白热化的背 景下， "出海" 成为产业升级与持续增长的新选项。 但芯片人想要做到真正出海并不容易，背后需要对终端市场、区域法规、技术趋势与产业节奏的真 正理解，真正看清趋势、理解产业、建立链接，比 "走出去"本身更重要。 因此， 9 月 4 日至 9 月 14 日 ，芯片超人决定开启 "挖掘欧洲电子领域芯动向" 德国商 务考察活动 ，实地走访德国 柏林、莱比锡、德累斯顿、斯图加特以及慕尼黑 五个城市，重点聚 焦 全球两大顶级展会： IFA 柏林国际消费电子和家电产品展览会 与 IAA 德国国际汽车及 智慧出行博览会 （简称"慕尼黑车展"） ，带大家一起走进欧洲电子产业的最前沿，实地理解消 费电子与汽车电子的真实需求与发展方向。 IFA ，源于 1924 年，作为 世界上规模和影响力最大的国际视听及消费类电子产品展览会之一 ，上一届 IF ...

Core Insights - Qualcomm has released patches addressing multiple vulnerabilities in its chips, including three zero-day vulnerabilities that may be exploited in targeted hacking campaigns [1][4] - Google's Threat Analysis Group reported these zero-days to Qualcomm in February, highlighting their potential for exploitation by cybercriminals and government hackers [1][5] - The open-source nature of Android means that device manufacturers are responsible for applying these patches, which may leave some devices vulnerable for an extended period [2][4] Vulnerability Details - The three zero-day vulnerabilities identified are CVE-2025-21479, CVE-2025-21480, and CVE-2025-27038 [1] - Qualcomm's bulletin indicates that patches were made available to device manufacturers in May, with a strong recommendation for prompt deployment [4] - Google confirmed that its Pixel devices are not affected by these vulnerabilities [4] Exploitation Context - Qualcomm chipsets are frequently targeted by hackers due to their extensive access to the operating system, allowing potential access to sensitive data [5] - There have been recent documented cases of exploitation against Qualcomm chipsets, including a zero-day identified by Amnesty International that was reportedly used by Serbian authorities [6]

Core Viewpoint - Qualcomm's stock has seen a nearly 20% increase since April lows, yet it remains stagnant, closing just over $146, down from a peak of $156 in early May, indicating a struggle to gain momentum [1][2] Financial Performance - Qualcomm's latest earnings exceeded expectations for both revenue and earnings, with no significant changes in its long-term outlook [2] Technical Indicators - The Relative Strength Index (RSI) is flat around 50, indicating a lack of strong conviction in either direction [3][4] - A bearish MACD crossover occurred, suggesting weakening momentum and potential for further downside [6][7] - The 50-day moving average is below the 200-day moving average, a bearish signal, with shares currently testing this key level [8] Market Sentiment - The overall market sentiment towards Qualcomm is cautious, lacking the bullish attention seen with competitors like NVIDIA and AMD [9][10] - Analysts have maintained a neutral stance, with no significant upgrades or aggressive price target increases since April [10][11] Growth Narrative - Qualcomm is executing steadily but lacks a compelling growth narrative to attract investor excitement, particularly in the context of AI trends benefiting its peers [11][12] - Significant upward movement in Qualcomm's stock is unlikely without a clear positive catalyst, such as an analyst upgrade or a notable increase in demand [13][14]

美股上涨 6月3日晚间，美股开盘后的前30分钟内，三大指数一度震荡，随后集体上扬。截至发稿，道指涨150 点，纳指涨约0.8%，标普500指数涨约0.5%。 消息面上，美国职位空缺意外增加，缓解了人们对经济风险（源于特朗普总统的关税战）下股市涨势过 快的担忧。 美国劳工部周二公布的数据显示，美国4月职位空缺意外增加，增幅较为广泛，同时招聘活动有所回 升，表明尽管经济不确定性上升，对劳动力的需求依然保持强劲。 根据劳工统计局数据，4月可用职位数量从经修正的3月的720万个上升至739万个，超出经济学家预期的 710万个。 【导读】美股上扬，美联储官员预计今年降息一次 中国基金报记者 泰勒 大家好，今晚继续关注下海外市场的消息。 职位空缺的增加，加上持续的招聘和低失业率，支持了美联储关于劳动力市场"状况良好"的判断。然 而，失业者重新就业所需的时间在拉长，经济学家预计，随着特朗普的关税措施持续施压，未来几个月 劳动力市场将出现更明显的疲软。 到目前为止，这种疲软尚未体现在数据中，这也支持了美联储目前维持利率不变的政策立场。政策制定 者和经济预测人士将密切关注本周五即将发布的5月就业报告，以判断劳动力市场是否有放缓 ...

| Adobe | 1719 | 2.82% | 403.4 | | --- | --- | --- | --- | | 小米 וש | 1705 | 3.41% | 6.67 | | 德州仪器 | 1673 | - 0.8% | 184.21 | | S 索尼 | 1617 | 1.9% | 26.88 | | 高通 | 1000 | 1 0.98% | 146.63 | | Schneider Electric | 1416 | -0.75% | 251.06 | | Shopify | 1379 | -0.63% | 106.54 | | Spotify | 1377 | 1.03% | 672 | | PDD Holdi (Pindiod) | 1369 | -0.07% | 96.44 | | AppLovin | 1360 | 2.27% | 401.91 | | Arm Holdings 1335 | | 1 1.22% | 126.06 | | 22 自动数据处理 | 1322 | 0.08% | 325.8 | | MercadoLibre | 1314 | 1 1.18% | 2593.4 ...

Group 1 - TSMC's new factory in the U.S. is experiencing high demand for orders from major clients including Apple, AMD, Qualcomm, Broadcom, and NVIDIA, with expectations that all orders will be fulfilled this year [1][2] - Apple remains TSMC's largest customer, planning to produce tens of millions of advanced chips at the new Arizona facility, marking a significant commitment to local manufacturing [1][2] - The geopolitical landscape is driving TSMC's clients to seek alternative manufacturing locations, which is expected to accelerate the economic scale of TSMC's U.S. operations and lead to substantial revenue growth [1][3] Group 2 - NVIDIA is heavily reliant on TSMC's U.S. factory for chip production, with plans for close collaboration and expected mass production of AI chips by the end of this year [2] - AMD, Broadcom, and Qualcomm are also key clients of TSMC's U.S. facility, with AMD focusing on high-performance computing and future technological innovations [2] - TSMC's chairman has indicated plans for a significant investment in the U.S., with projections that 30% of advanced process capacity below 2nm will be produced at the Arizona facility to meet client demands [2] Group 3 - The yield rates at TSMC's U.S. factory are reportedly comparable to those in Taiwan, indicating strong operational performance and increasing client interest in placing orders [3] - The rapid expansion of TSMC's U.S. facilities is being driven by the demand from American clients seeking reliable production capabilities [3]