智通财经APP获悉，因全球最大晶圆代工厂台积电(TSM.US)被台湾多家头部高股息交易所交易基金 (ETF)"拒之门外"，该股股价表现持续落后于竞争对手联华电子。彭博数据显示，台积电今年以来股价 下跌3.7%，而联电同期涨幅达11%。联电超6%的股息率使其成为台湾规模超440亿美元高股息ETF的重 仓股。 凯基投顾董事长Andrew Tsai指出："联电受益于本土高股息ETF的资金流入，被动基金更看重收益率而 非基本面。"他补充道，临近6月24日除息日，联电股价涨势进一步强化。 分析师表示，联电的低估值与高流动性对寻求防御性配置的保守型投资者颇具吸引力，其与英特尔的合 作更添一层魅力。但联电的超额表现可能难以持续——标普全球数据显示，其空头仓位占流通股比例已 升至9%的历史高位，且股价已超越分析师12个月目标均价。 台积电基本面依然强劲，作为英伟达(NVDA.US)和苹果(AAPL.US)的关键芯片制造商，这家全球晶圆代 工龙头5月营收达3205亿新台币(约合107亿美元)，同比增幅达39.6%。此前 4 月，台积电营收同比增长 48%。分析师平均预期台积电第二季度销售额将增长 39%。 台湾三大高股息ETF ...

要闻提示 NEWS REMIND 1.丰田董事长年薪曝光！中国车企掌门人的薪酬普遍不足其零头 2.卢伟冰回应"家电市场TOP3"：小米不卷价格，未来与美的海尔一起做头部 3.国产GPU第一股要来了！摩尔线程完成上市辅导 5.云鲸产品负责人李阳已离职，或将创业 6.AI独角兽MiniMax筹备赴港IPO？知情人士：属实，仍处于初步筹备阶段 7.B站一季度动画短剧月流水达千万，正寻求网文平台版权合作 8.OpenAI CEO首次官宣：GPT-5将于今夏面世，AI能力重大飞跃 今日头条 HEADLINE NEWS 丰田董事长年薪曝光！中国车企掌门人的薪酬普遍不足其零头 据外媒报道，丰田汽车公司提交的监管文件显示，在截至2025年3月的财年里，董事长丰田章男薪酬高达 19.49亿日元，约合9658万元人民币，同比增长20%，连续四年创历史新高。其中奖金和股票补偿约 15.5亿日元，约合7681万元人民币，固定薪酬3.95亿日元，约合1957万元人民币。 这一数字放在中国汽车行业背景下，反差尤为鲜明——中国车企掌门人的薪酬普遍不足丰田章男的零头。 以民营车企为例：吉利控股董事长李书福年薪仅37.6万元，相当于丰田章男一 ...

Stanley Druckenmiller has shown he's a firm believer in the future of artificial intelligence (AI), as he's invested in several companies leading in this industry. Certain AI companies remain in his portfolio -- like Amazon -- but he's recently exited others.He sold two of 2024's biggest AI winners, Nvidia (NVDA 0.87%) and Palantir Technologies. He closed out his position in the former in the third quarter of last year and sold all of the latter in the first quarter of this year.Investors don't know the exa ...

Since the last TSMC (NYSE: TSM ) coverage , the stock has surged 30% (vs. S&P 500’s 9%), following the thesis that its CoWoS advanced packaging can pivot from a margin-dilutive CapEx burden to a high-margin AI growth lever. As Q1 FY 2025Hi, I'm Yiannis. Spotting winners before they break out is what I do best.Experience: Previously worked at Deloitte and KPMG in external/internal auditing and consulting. Education: Chartered Certified Accountant, Fellow Member of ACCA Global, with BSc and MSc degrees from U ...

Market Overview - The main board saw significant gains with notable increases in stocks such as Ciweng Media (+10.05%), Times Publishing (+10.03%), and Zhangyue Technology (+10.02) [1] - The ChiNext board led the gains with Yihau New Materials (+20.02%), Kaiwang Technology (+20.01%), and Bainacheng (+19.92%) [1] - The Sci-Tech Innovation board also experienced growth, highlighted by Juxin Technology (+13.80%) and Longxun Co., Ltd. (+6.78%) [1] - Active sub-industries included SW Publishing (+1.10%) and SW Semiconductor Equipment (+1.08%) [1] Domestic News - A high-end packaging factory project by Guangzhou Riyue has commenced, aiming for an annual production capacity of 3.93 billion FCBGA/FCLGA devices and 2.3 billion IGBT-SiC TO247 devices [1] - Blue Motion Precision completed a multi-million RMB A+ round financing to advance the domestic development of semiconductor equipment [1] - Black Sesame Intelligent International Holdings announced plans to acquire an AI chip company focused on low-power AI system chips, with core IP already developed [1] - TSMC's Arizona plant successfully produced its first batch of 4nm chips, exceeding 20,000 wafers, including products for Nvidia and Apple [1] Company Announcements - Haixi Communications announced a cash dividend of 0.30 RMB per 10 shares, totaling 4,094,108.49 RMB [3] - Runxin Technology declared a cash dividend of 0.20 RMB per 10 shares, amounting to 10,251,500.94 RMB [3] - Zhongwei Company adjusted its cash dividend total from 186,080,238.60 RMB to 187,214,710.20 RMB due to an increase in total shares [3] - Wanjie Technology received 10 invention patents related to smart networking and ETC technology [3] International News - HMS Corporation launched SiNGRAY AR Glasses G2 for various industries, enhancing on-site operations [1] - Texas Instruments plans to invest over $60 billion in its U.S. semiconductor factories to meet rising demand [1] - Counterpoint Research forecasts a 15% year-on-year increase in global iPhone sales for April-May 2025, driven by strong growth in Japan, the Middle East, and India [1] - Marvell raised its 2028 market outlook for customized AI chips from $43 billion to $55 billion, an increase of nearly 28% [1]

Core Viewpoint - The global semiconductor equipment market is projected to grow by 21% year-on-year in Q1 2025, reaching $32.05 billion, despite a 5% quarter-on-quarter decline, indicating resilience in the industry amid geopolitical uncertainties and supply chain adjustments [1][37]. Regional Summaries Chinese Mainland - In Q1 2025, the revenue was $10.26 billion, maintaining its position as the largest single market globally, but experienced a 14% quarter-on-quarter and 18% year-on-year decline, reflecting a "double drop" trend [5][6][25]. - The market share of the Chinese mainland shrank from 47% in the previous year to 32% due to significant investments in semiconductor equipment in Taiwan and Korea [6]. Korea - The Korean semiconductor equipment market saw a robust performance in Q1 2025, with revenues of $7.69 billion, marking a 24% quarter-on-quarter and 48% year-on-year increase, driven by a recovery in memory chips and substantial investments from major companies [9][10]. - The Korean government’s "K-Semiconductor Strategy" includes significant tax incentives and subsidies, further boosting the market [10][11]. Chinese Taiwan - Taiwan's semiconductor equipment market experienced a remarkable growth of 203% year-on-year in Q1 2025, reaching $7.09 billion, fueled by major manufacturers' expansion plans and advanced packaging technologies [12][15]. - TSMC's aggressive investment in advanced processes, including a significant capital expenditure directed towards new technologies, has been a key driver of this growth [12][14]. North America - North America's equipment market revenue reached $2.93 billion in Q1 2025, reflecting a 41% quarter-on-quarter decline but a 55% year-on-year increase, indicating a "pulse-like" expansion pattern influenced by concentrated procurement in the previous quarter [16][17]. - The market is expected to rebound in Q2 2025, driven by ongoing investments in advanced manufacturing processes and local production initiatives [17]. Japan - Japan's semiconductor equipment market reported a 20% year-on-year increase in Q1 2025, reaching $2.18 billion, supported by government subsidies and local production expansions, despite an 18% quarter-on-quarter decline [19][20]. Europe - The European semiconductor equipment market faced a significant downturn, with revenues dropping 54% year-on-year and 11% quarter-on-quarter to $0.87 billion, attributed to ineffective policy execution and reduced capital expenditures [21][22]. - The lack of competitive local semiconductor manufacturing capabilities has exacerbated the market's decline, leading to increased supply chain risks [23][24]. Industry Dynamics - The global semiconductor equipment market is characterized by a structural differentiation, with high-end chips driven by AI demand maintaining price resilience, while mid-range chips face downward pressure due to overcapacity [39][42]. - The industry is currently in a recovery phase, with Q1 2025's decline attributed to seasonal fluctuations and geopolitical factors rather than a complete cycle shift [40][42]. - Future growth is anticipated as capacity expansion and demand recovery are expected to lead the industry into an expansion phase in the latter half of 2025 [42].

Group 1 - Google's recent decision to shift its Tensor chip production from Samsung to TSMC represents a significant blow to Samsung's foundry business, prompting internal discussions on addressing fundamental issues within its semiconductor operations [1] - Samsung's foundry division is undergoing internal inspections following Google's transition, which is expected to last until the Pixel 14 series, indicating concerns over Samsung's mobile division's security [1] - The loss of major clients like Qualcomm and NVIDIA, alongside Google's departure, has led to a decline in Samsung's semiconductor market share from 8.1% to 7.7%, while TSMC's market share has risen to 67.6% [2] Group 2 - Despite investing billions over the past five years, Samsung's goal to surpass TSMC by 2030 appears increasingly unattainable, with TSMC continuing to gain market share [2] - Samsung is collaborating with Synopsys to improve yield rates and is diversifying its focus beyond AI and mobile chips to include automotive and robotics applications [2] - The success of Samsung's first 2nm chip, Exynos 2600, is critical for regaining lost clients, including NVIDIA and Qualcomm, provided it avoids overheating and performance issues [2]

Core Viewpoint - Artificial intelligence (AI) stocks remain attractive investments despite the ongoing development phase of AI technology, with Nvidia, Taiwan Semiconductor Manufacturing, and Meta Platforms identified as top picks for long-term investment opportunities [1] Nvidia - Nvidia holds a dominant market share of approximately 90% in the graphics processing unit (GPU) industry, which is essential for training and running AI workloads [3] - The company reported a remarkable revenue growth of 69% year-over-year, reaching $44 billion in Q1, with projections of 50% growth in Q2, indicating strong demand for AI [4] - Nvidia's shares trade at 33 times forward earnings, aligning with other major tech stocks, but its growth potential is considered superior, making it a compelling buy [5] Taiwan Semiconductor Manufacturing - Taiwan Semiconductor Manufacturing Company (TSMC) benefits significantly from the demand for Nvidia's products, as it produces chips for Nvidia and other major tech companies [6] - Investing in TSMC is viewed as a bet on increased future AI spending rather than choosing a specific winner in the AI sector, with the stock trading at 22.9 times forward earnings, comparable to the broader market [7] - With anticipated growth and a relatively low starting price, TSMC is considered a strong AI stock to acquire [8] Meta Platforms - Meta Platforms, formerly known as Facebook, generates 98% of its revenue from advertising across its social media platforms [9] - The company is heavily investing in AI to enhance advertising effectiveness and reduce operating costs through AI agents [10] - Meta's ambitious projects include AI glasses aimed at real-world applications, with potential widespread use anticipated in the next five to ten years, while the stock currently reflects only its traditional advertising business [11] - Trading at 27 times forward earnings, Meta's stock price does not account for potential upside from its AI investments, making it a top AI pick [14]

Artificial intelligence (AI) stocks might be the big thing on Wall Street, with rising valuations and trending tickers. But that doesn't mean there aren't good values to be found. While there are some fears that a bubble will form in AI, many of the big tech stocks leading the charge look downright undervalued. In fact, some of them even fall into the classic Warren Buffett model of value investing.Buffett is known for avoiding tech stocks for most of his career, but there are some AI-related tech stocks th ...

While there is still some uncertainty in the market related to tariffs, the U.S. economy, and a new conflict in the Middle East, now can still be a good time to invest in growth stocks. Investors just need to take a more cautious approach by investing smaller amounts, say $1,000, and then look to add to their positions later if the stocks dip in price.Let's look at five growth stocks investors might want to begin accumulating shares in right now with a $1,000 initial investment. 1. NvidiaNvidia (NVDA 0.87%) ...