| 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 ...

台积电美国新厂订单塞爆，包含苹果、AMD、高通、博通及英伟达等五大客户订单今年可望全数到 位，其中，苹果抢头香，仍是最大客户，英伟达AI芯片产品今年底也将迈入「美国制造」阶段， AMD、高通、博通则接力下单，挹注台积电营运动能强劲。 业界分析，特朗普政府支持在地制造发展，随着地缘政治议题持续驱动台积电客户异地备援需求，让台 积电美国新厂可望加速达到经济规模，带动台积电营收进入下一个翻倍成长阶段。 业界分析，台积电美国新厂捷报频传，当地厂区良率已可比美中国台湾厂，除了台积电美国客户群询问 下单意愿节节攀升，让美国新厂第三厂提早动土，后续已确定再扩充的三个厂产能也陆续被客户群包 下，成为美系客户异地备援生产一大助力。 英伟达则高喊要落实「美国制造」，并高度仰赖台积电美国新厂。英伟达规划，会紧密与台积电美国投 资合作，为英伟达生产芯片，目前英伟达AI芯片已于台积电美国新厂进行制程验证，预计今年底实现 量产。 AMD、博通、高通也是台积电美国厂区重要客户。AMD执行长苏姿丰日前已预告，AMD作为台积电 2nm和亚利桑那州晶圆21厂主要高速运算（HPC）客户，双方密切合作，推动未来运算创新与先进技 术。 另一方面，台积 ...

Core Viewpoint - The article highlights the significant investment opportunities in artificial intelligence (AI) stocks, focusing on Amazon, Qualcomm, and Nvidia as key players in the AI wave [1]. Amazon - Amazon Web Services (AWS) holds a 30% share of the global cloud infrastructure market and generated over 58% of Amazon's total operating income in the past four quarters, despite only accounting for 17% of total net revenue [3][4]. - AI applications are expected to drive sustained growth in cloud computing, with Goldman Sachs estimating a 22% annualized growth rate, reaching $2 trillion by 2030 [4]. - AWS revenue grew by 17% year over year in the first quarter, and Amazon is developing an AI ecosystem on AWS, which should help retain and upsell cloud customers [5]. - Analysts project Amazon's earnings to grow by an average of 17% annually, supported by opportunities in AI, e-commerce, digital advertising, streaming, and Prime subscriptions [6][7]. Qualcomm - Qualcomm's chipset business, which constituted 64% of its revenue in the first half of fiscal 2025, is expected to benefit from a low-cost AI-driven upgrade cycle [9]. - The automotive and Internet of Things (IoT) segments grew revenue by 60% and 31% respectively over the past year, highlighting Qualcomm's expanding role in AI [10]. - Qualcomm reported $22.6 billion in revenue for the first two quarters of fiscal 2025, a 17% increase year over year, with net income rising by 18% to $6 billion [11]. - The stock trades at a P/E ratio of 15, suggesting potential value for investors looking to capitalize on Qualcomm's AI transformation [12]. Nvidia - Nvidia has seen its stock price increase by over 2,200% since January 2020, indicating strong investor confidence and growth potential [13]. - The company reported revenue of $44.1 billion, a 69% increase from the previous year, and net income of $18.8 billion, up 26% year over year [16]. - Despite a drop in gross margin from 78% to 61% due to export restrictions to China, Nvidia's management expects margins to rebound to 70%-75% later this year [14]. - Nvidia remains a leading provider of AI chips, with strong demand and a market cap exceeding $3 trillion, making it a compelling option for investors seeking AI stocks with long-term viability [15][17].

Company Overview - Qualcomm shares have increased by approximately 9.7% since the last earnings report, outperforming the S&P 500 [1] - The most recent earnings report is essential for understanding the catalysts affecting Qualcomm's stock performance [1] Earnings Estimates - Estimates for Qualcomm have trended upward over the past month, indicating positive sentiment among analysts [2][4] - Qualcomm holds a Zacks Rank of 3 (Hold), suggesting an expectation of in-line returns in the coming months [4] VGM Scores - Qualcomm has a Growth Score of B, a Momentum Score of D, and a Value Score of B, placing it in the top 40% for the value investment strategy [3] - The aggregate VGM Score for Qualcomm is B, which is relevant for investors not focused on a single strategy [3] Industry Performance - Qualcomm is part of the Zacks Electronics - Semiconductors industry, where Lam Research has seen a significant gain of 17.3% over the past month [5] - Lam Research reported revenues of $4.72 billion for the last quarter, reflecting a year-over-year increase of 24.4% [5] - Lam Research's expected earnings for the current quarter are $1.18 per share, representing a year-over-year change of 45.7% [6] - Lam Research has a Zacks Rank of 2 (Buy), indicating a favorable outlook based on estimate revisions [6]

一、事件：上海MWC 2025MWC上海移动通信大会将于6月18日至20日举办。 MWC是全球移动通信领域最大、最具影响力的展览会之一，每年在巴塞罗那、上海、拉斯维加斯和基加利举行，是 中国乃至亚太区域移动产业向世界展示最新发展成果与发展战略的关键平台。 作为移动通信技术的风向标，MWC汇集了全球通信领域的领先企业、专家、政府部门和决策者，其中与会企业包括 华为、高通、荣耀、诺基亚、小鹏汽车、智谱AI、移动、联通、电信等。 | 星期三 | 星期四 星期五 | | | --- | --- | --- | | 6月18日 | 6月19日 6月20日 | | | 09:00 (CST) | | | | | 主旨演讲 · 09:00 - 11:00 | 人工智能+ 线下大会 | | | 主旨演讲 1 | | | | KERRY HOTEL MWC 主舞台 | | | 11:00 (CST) | | | | GSMA MWC | 主题峰会 · 11:00 - 13:00 | 原能互联 线下大会 | | IoT Summi | 物联网峰会 | | | Wed 18 June 11:00 CST MWC Connected ...

如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容 编译自 chipsandcheese 。 2010年左右，云计算在AMD Opteron处理器和英特尔Xeon处理器的推动下迅速兴起。庞大的云市 场激起了包括高通在内的其他CPU制造商的兴趣。到2010年代中期，高通已发展成为移动SoC市 场的一股强大力量，并拥有多款自主研发的CPU设计。他们有充分的理由对其云服务器前景充满 信心。服务器芯片的高核心数量意味着较低的单核功耗，削弱了AMD和英特尔在单线程高性能方 面的优势。 为了打入云计算领域，高通需要一种性能足够强大的 CPU 架构，以满足诸如尾端延迟等关键指 标 。 在 Hot Chips 大 会 的 演 示 中 ， 高 通 指 出 ， 将 一 堆 性 能 较 弱 的 内 核 塞 进 芯 片 中 并 称 其 为 " 日 产"是行不通的。Arm 云 CPU 或许不必与英特尔和 AMD 的内核匹敌，但它们确实需要达到基准 性能水平。高通希望在保持其传统功耗和密度优势的同时做到这一点。 核心概述 Falkor CPU 架构旨在以低功耗和低硅片面积要求满足这一性能门槛。Falkor 是一款 4 宽 aarch6 ...

Summary of Key Points from the Conference Call Industry Overview - The robotics industry differs significantly from the automotive industry, primarily due to constraints in chip power consumption, performance, and size, as well as the unique modular supply chain of robotics, making breakthroughs in centralized architectures challenging [1][4] - The current industry scale is small, relying on similar product modifications for services, with a potential future shift towards centralized approaches as chip segmentation occurs [1][4] Communication Architecture - Two main communication architectures exist in the robotics field: CAN/Serviceware and ROS/ROS2. The former is heavy and power-consuming, while the latter is cost-effective and efficient. A future trend may involve a combination of fiber optics and hard wiring [1][5] - The industry may require 1-2 years to explore a clear communication technology outlook [1][6] Chip Design and Performance - NVIDIA's Orin series chips are compatible with both automotive and robotics applications, but the AGX automotive platform has higher power consumption than the Jetson series due to the ability to use water cooling in cars, while robots are limited to smaller cooling solutions [1][7] - The typical power redundancy for humanoid robots is between 35-45 watts, which poses challenges for heat dissipation and battery life [1][7] - Robots require higher algorithmic demands but face stricter power limitations, necessitating better chips that can operate at lower frequencies to improve energy efficiency [1][8] Market Dynamics - The utilization rate of chips in autonomous driving is higher than in robotics, but physical constraints lead to more redundancy in robotics, requiring selective hardware usage to manage heat [1][9] - Jetson versions are 30%-40% cheaper than AGX versions due to the absence of functional safety requirements in robotics [1][10] Industry Challenges - The robotics industry suffers from immature division of labor and a lack of standardization in control systems, which complicates mass production [1][12][13] - Communication protocol consistency is crucial for achieving scalable production, as current discrepancies lead to supply chain chaos [1][13] Future Outlook - The timeline for achieving mature mass production in robotics is estimated to be around three years, contingent on resolving communication protocol issues and reducing the costs of advanced manufacturing processes [1][18] - Qualcomm is positioned to potentially dominate the robotics chip market, similar to NVIDIA's role in autonomous driving, due to its strengths in ISP integration and low-power development [1][15] - Domestic chip manufacturers face challenges but could see advancements if companies in the cleaning robot sector develop their own chips, which may drive progress in humanoid robotics [1][16] Conclusion - The robotics industry is at a critical juncture, with significant opportunities for growth and innovation, but it must overcome substantial technical and market challenges to realize its full potential [1][18]

英伟达(NVDA.O)带动芯片股走强，美光科技(MU.O)涨3.2%，AMD(AMD.O)涨2%，高通(QCOM.O)涨 超1.3%。 ...

如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容 编译自 semiwiki 。 WSTS 报告称，2025 年第一季度半导体市场收入为 1677 亿美元，比去年同期增长 18.8%，比上 一季度下降 2.8%。2025 年第一季度对于大多数主要半导体公司来说都是疲软的。下表中的 16 家 公司中有 10 家的收入与 2024 年第四季度相比有所下降，从博通的 -0.1% 到意法半导体和铠侠的 下降超过 20%。六家公司报告收入增长，从德州仪器的 1.5% 到英伟达的 12% 不等。2025 年第 二季度的前景喜忧参半。在提供指引的 14 家公司中，有 9 家预计 2025 年第二季度的收入将较 2025 年第一季度增长，其中 SK 海力士的增长幅度最高，为 14.6%。联发科预计收入持平。四家 公司预计收入将下降，其中铠侠的降幅最大，为 10.7%。 | | | | Change versus prior quarter in local currency | | | | --- | --- | --- | --- | --- | --- | | | | US$B | | Reported Guidanc ...

智通财经APP获悉，摩根大通发布研报，重申对高通(QCOM.US)的"增持"评级。摩根大通分析师认为， 高通收购英国上市芯片公司Alphawave是一项具有战略重要性的举措，将有助于高通在数据中心领域实 现增长。 另外，高通近日宣布与沙特阿拉伯的HUMAIN合作，支持与英伟达GPU兼容的定制CPU，并通过提供 AI推理芯片支持AI基础设施。总体而言，这意味着数据中心市场将成为高通的下一个多元化发展方 向。 摩根大通总结道，考虑到Alphawave的规模相对较小以及高通拥有强劲的资产负债表，即便Alphawave 的估值较公开市场水平存在显著溢价，此次收购预计仍可为高通带来适度的财务增值效应。 高通目前正在评估收购Alphawave的潜在可能性。摩根大通认为，这笔潜在的收购对高通财务的影响较 小，但具有更高的战略重要性。高通最近更明确地概述其在数据中心市场的雄心，作为该公司另一个增 长和多元化的支柱。根据行业报告，数据中心CPU总潜在市场(TAM)预计将以10%的复合年增长率扩 张，人工智能(AI)推理市场将以超过20%的复合年增长率增长。 摩根大通认为，Alphawave及其在数据中心连接IP方面的能力，将与 ...