Summary of Humanoid Sector Conference Call Industry Overview - The humanoid sector is entering 2026 with new players, products, and verified use cases, indicating a positive momentum for the industry [1][3] - The China humanoid volume forecast for 2026 has been raised significantly, reflecting rapid verification of new use cases across various industries such as battery, aviation, semiconductors, and logistics [7][8] Key Forecasts and Projections - The humanoid robot sales volume forecast for China in 2026 has been doubled from 14,000 units to 28,000 units, with business sales expected to lead this year [7][14] - A global humanoid component market model projects a revenue opportunity of US$780 billion by 2040, driven by significant internal production for training and verification [7][11] Major Developments and Trends - Major global companies are entering the humanoid market through acquisitions and new product launches, including: - Boston Dynamics launched its Atlas product at CES 2026, partnering with Google DeepMind [7][48] - Mobileye acquired Mentee Robotics for US$900 million, combining AI technology with humanoid robotics [7][42] - Qualcomm introduced the Dragonwing™ IQ10 robotics processor for humanoids [7][51] - The Optimus Gen 3 update from Tesla is anticipated to be a key catalyst for the sector, with significant implications for the China supply chain [7][8] Market Dynamics - The sector is experiencing fast cost deflation, with estimates indicating a 16% year-over-year decline in Bill of Materials (BoM) costs in China, despite rising specifications [8] - The first wave of consolidation is expected as integrators seek to find viable commercialization cases [8] Adoption and Use Cases - There is a strong willingness to adopt humanoid robots among organizations, with a significant percentage planning to launch pilot projects using wheel- or leg-based robots by 2026 [9][10] - The humanoid hype is evident, with numerous companies showcasing robots at CES 2026, particularly from China [8] Government and Policy Support - The Chinese government is actively promoting humanoid and embodied intelligence technologies, with policies aimed at accelerating their development and commercialization [62][66] - The Ministry of Industry and Information Technology (MIIT) is set to release guidelines to support the humanoid robot ecosystem [62][66] Investment and Funding Activity - Significant funding activity has been observed in the humanoid sector, with companies like Skild AI raising US$1.4 billion and Galbot achieving a US$3 billion valuation [42][48] - The number of transactions in the humanoid sector is increasing, indicating growing investor interest [41][42] Conclusion - The humanoid sector is poised for substantial growth in 2026, driven by technological advancements, increased investment, and supportive government policies. The upcoming developments, particularly from major players like Tesla and Boston Dynamics, will be critical in shaping the future landscape of the industry [1][7][8]

Core Viewpoint - Qualcomm Inc's shares have declined approximately 17% over the past week, erasing gains made in 2025 and returning to 2020 levels, indicating a significant reversal for investors [1][2]. Group 1: Market Context - The decline in Qualcomm's stock is partly attributed to a broader geopolitical backdrop that has led to a selloff in tech stocks, with the S&P 500 experiencing its worst single session since October [2]. - The technical damage to Qualcomm's stock chart is notable, especially given the stock's previous struggle to gain momentum [2][3]. Group 2: Technical Indicators - Qualcomm's relative strength index (RSI) has entered extremely oversold territory, marking its most stretched reading since April of the previous year, which could indicate unsustainable selling pressure [4][5]. - Historical data shows that the last time the stock reached similar oversold conditions, it rallied by as much as 70% in the following months, suggesting potential for recovery [6]. Group 3: Investor Sentiment - Despite the oversold conditions, skepticism remains due to Qualcomm's history of disappointing investors and failing to maintain upward momentum [7]. - The current selloff appears disconnected from the company's fundamentals, as there have been no recent earnings misses or negative developments specific to Qualcomm [8]. Group 4: Analyst Positioning - Analysts from Citigroup, RBC, and Mizuho have rated Qualcomm as Neutral or equivalent, with cautious price targets around $180, indicating that the recent selling may be overdone [9]. Group 5: Future Considerations - For a genuine opportunity to arise, Qualcomm's stock needs to stabilize around the $150 level, with signs of selling exhaustion such as a rising RSI or a bullish MACD crossover [10]. - While caution is advised due to the broken trend, the oversold condition of a fundamentally strong stock warrants attention for potential entry points for long-term investors [11].

高通公司是全球移动通信与智能计算领域的引领者，影响力早已超越传统智能手机边界，其技术和产品广泛赋能于PC、XR、汽车、物联网等多元领域， 为千行百业的智能化与数字化转型提供了坚实可靠的支撑。同时，高通公司通过发起"5G领航计划""5G物联网创新计划"及"AI加速计划"等关键产业项 目，携手运营商、终端品牌、ODM厂商、软件伙伴等生态各方，持续拓展产业边界，放大协同效应，构筑了繁荣且富有活力的创新生态。 【环球网科技报道 记者 心月】近日，龙旗科技宣布，全球连接及计算领域的创新领军企业高通公司旗下的Qualcomm Ventures LLC作为投资者参与其港股 IPO。这一里程碑式的合作，依托双方近二十年紧密协作的深厚基础，以AI端侧规模化爆发为全新起点，推动双方进入深度战略合作的发展新阶段。 自合作伊始，龙旗与高通公司便建立起基于技术互补与战略互信的合作关系。高通公司提供包括移动平台、计算平台及XR平台在内的领先技术支撑，龙 旗则凭借覆盖智能手机、AI PC、XR、智能穿戴、汽车电子等领域的全品类ODM能力与深厚经验，实现了对骁龙多层级平台的深度优化与快速适配，这 种高效协同确保了前沿技术能够从研发创新快速走 ...

Wireless technology manufacturer Qualcomm (QCOM) recorded its seventh straight trading session of losses on Jan. 20. While it ended the day up 1.5% on Jan. 21, the stock is still down in the past week. This follows a downgrade by Mizuho analysts to “Neutral.” Mizuho analysts cited increasing pressure in the mobile handset market. Smartphone sales are expected to decline this year as chip costs weigh on consumer demand. Mizuho analysts pointed out that China is increasingly insourcing components. This is s ...

International News - US natural gas futures prices saw a significant increase, with intraday gains reaching up to 30%, currently reported at $5.083 per million British thermal units, after previously recording increases of 29%, 28%, and 27% [1][7] - Precious metals market showed a downward trend, with spot gold prices dropping below $4820, $4810, $4800, and $4790 per ounce, with daily declines of 0.25%, 0.44%, 0.64%, and 0.86% respectively [1][7] - Spot silver also faced pressure, falling below $93, $92, and $91 per ounce, with daily declines of 1.68%, 2.93%, and 3.74% respectively [1][7] - US stock market performed strongly, with all three major indices closing up over 1%, the Dow Jones up 1.21%, Nasdaq up 1.18%, and S&P 500 up 1.16% [1][7] Individual Stocks - Intel shares rose over 11%, reaching a four-year high; AMD increased by 8.3%, SanDisk by over 10%, Western Digital by over 8%, and Micron Technology by over 6% [2][8] - The Nasdaq Golden Dragon China Index rose by 2.22%, with notable gains from individual stocks such as New Oxygen up 14.93%, Baidu up 8.20%, and Century Internet up 7.17% [2][8] - OpenAI's CEO Sam Altman is meeting with top investors in the Middle East to pursue a new round of financing of at least $50 billion, with a post-funding valuation expected between $750 billion and $830 billion [2][8] - Apple plans a major overhaul of Siri, transforming it into a built-in chatbot with new features expected to launch later this year [2][8] Company Dynamics - French dairy company Lactalis announced a recall of multiple batches of infant formula in 18 countries, including China, due to potential contamination with Bacillus cereus toxin [3][9] - Ubisoft canceled the development of six games, including the remake of "Prince of Persia: The Sands of Time" and four unannounced titles [3][10] - The American Petroleum Institute (API) reported an increase of 3 million barrels in US API crude oil inventories last week, compared to a previous increase of 5.278 million barrels [3][10] - President Trump expressed hope for the retention of Kevin Hassett in his current position, with the shortlist for the Federal Reserve chair narrowing to two or three candidates [3][10]

In the latest close session, Qualcomm (QCOM) was up +1.49% at $156.37. The stock's performance was ahead of the S&P 500's daily gain of 1.16%. Meanwhile, the Dow experienced a rise of 1.21%, and the technology-dominated Nasdaq saw an increase of 1.18%. Prior to today's trading, shares of the chipmaker had lost 11.83% lagged the Computer and Technology sector's loss of 1.07% and the S&P 500's loss of 0.42%.The investment community will be paying close attention to the earnings performance of Qualcomm in its ...

【导读】特朗普改口，市场暴涨 中国基金报记者 泰勒 大家好，今晚好消息，涨跌全看特朗普，外围市场全线大涨了！ 一起看看发生了什么事情。 1月21日晚间，美股三大指数高开高走，道指涨约500点，纳斯达克指数涨超1%，标普500指数也涨超 1%。 尽管特朗普排除了军事行动，但他仍表示，他正在"寻求立即谈判，再次讨论由美国收购格陵兰的事 宜"。 特朗普还在达沃斯讲话中表示，他将要求国会落实其提出的10%信用卡利率上限方案。鉴于国会内部支 持不足，这一前景仍不确定。该表态推动美股银行股上涨。 此外，美国财长贝森特周三在达沃斯对记者表示，特朗普政府"并不担心"前一交易日的抛售。 分析师表示，关键不在于特朗普说了什么，而在于他没有说什么。"他没有重申对欧洲的关税威胁；他 没有说政府会动用武力夺取格陵兰；他也没有说要给信用卡利率设上限，而是让国会去做。这更像是在 降低实质内容的烈度，尽管风格仍然是典型的特朗普"。 摩根大通资产管理的Bob Michele表示，周二市场的抛售是在向特朗普政府传递信息：需要采取行动恢 复秩序，就像去年"解放日"关税扰动投资者之后，官员们所做的那样。 在特朗普对世界经济论坛表示他不会以武力收购格 ...

【导读】特朗普改口，市场暴涨 中国基金报记者 泰勒 大家好，今晚好消息，涨跌全看特朗普，外围市场全线大涨了！ 一起看看发生了什么事情。 1月21日晚间，美股三大指数高开高走，道指涨约500点，纳斯达克指数涨超1%，标普500指数也涨超1%。 在特朗普对世界经济论坛表示他不会以武力收购格陵兰之后，股市上涨，市场对这一问题的担忧缓解；此前该担忧曾扰动市场并引发资金 撤离美国资产。 特朗普在达沃斯的讲话中谈到，他认为美国在北约承担了财政和军事负担。以下这段话提振了股市： 特朗普还在达沃斯讲话中表示，他将要求国会落实其提出的10%信用卡利率上限方案。鉴于国会内部支持不足，这一前景仍不确定。该表 态推动美股银行股上涨。 此外，美国财长贝森特周三在达沃斯对记者表示，特朗普政府"并不担心"前一交易日的抛售。 分析师表示，关键不在于特朗普说了什么，而在于他没有说什么。"他没有重申对欧洲的关税威胁；他没有说政府会动用武力夺取格陵 兰；他也没有说要给信用卡利率设上限，而是让国会去做。这更像是在降低实质内容的烈度，尽管风格仍然是典型的特朗普" 。 摩根大通资产管理的Bob Michele表示，周二市场的抛售是在向特朗普政府传递信息 ...

Qualcomm (QCOM) – a company specializing in 3G/4G/5G integrated circuits and licensing – experienced a 7-day losing streak, culminating in total losses of -15%. The company's market capitalization has plummeted by approximately $30 billion over the last week, currently sitting at $166 billion.Microchip and Qualcomm logo displayed on a phone screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on April 10, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images)NurPhoto via G ...

当地时间1月20日，在2026达沃斯世界经济论坛期间的一场分享中，高通公司总裁兼CEO安蒙围绕人工 智能的未来走向，谈到了个人AI设备、边缘计算、机器人以及数据中心等话题。他表示，人工智能正 逐步从云端走向边缘设备和物理世界，其长期潜力或被低估，但AI的发展过程不会一蹴而就。 安蒙提到，随着AI技术成熟、智能体变得更加专业化，它们开始能够理解人们"说了什么、写了什么、 看到了什么"。这使得AI不再局限于数据中心，而是开始进入人们随身携带、佩戴和日常使用的设备之 中。手机和PC之外，眼镜等新形态设备已经出现，并开始具备一定规模基础。 安蒙表示，如果希望将机器人续航从2小时提升到6或8小时，或者将成本从2万美元降低到5000美元，就 需要在有限条件下解决摄像头、传感器和连接能力的整合问题。他认为，物理AI在机器人领域具备广 阔的发展空间，而训练本身相对明确，需要针对具体任务对机器人进行训练。这在他看来是一个边界清 晰的问题，并且具备现实的商业价值。 安蒙还谈到了数据中心的发展。他表示，目前关于AI数据中心建设规模的预测，与能源消耗相关的预 测并不完全匹配，这将促使行业寻找新的解决方案，并推动数据中心架构的进一步演 ...