要闻提示 NEWS REMIND 1.车圈鄙视链？ 小米车主遭特斯拉车主恶意别车、持续辱骂，「母亲吓得脸色发白」，小米发声 2.瞒不住了！曝字节拟年产10万颗自研 AI 芯片，与三星洽谈代工合作 3.或体面离场？曝魅族手机业务即将解散，前员工：不想捅破窗户纸 4.阿里将继续大投入淘宝闪购，三年内"不担心亏损" 5.1年净赚3782亿元！台积电发钱了：8万员工人均58万、449亿美元扩产 6.国产AI大模型杀疯了：不止DeepSeek，智谱GLM-5、Minimax 2.5双双发布 7.马斯克的xAI人事震荡：48小时内两位联合创始人相继离职 8.燧原科技科创板IPO已问询，拟募资60亿元 今日头条 HEADLINE NEWS 车圈鄙视链？ 小米车主遭特斯拉车主恶意别车、持续辱骂，「母亲吓得脸色发白」，小米发 声 2月11日，小米法务部转载车主维权博文表态支持维权，曝光了一起春节前的路怒事件：浙江宁波一位小 米车主送母亲前往奉化探亲时，在高架上因正常变道，遭到一辆黑色特斯拉司机恶意别车、持续辱骂，车 主冷静取证报警后，对方被依法处罚，还需补缴欠缴停车费并公开道歉。小米法务部提醒，无论在网络上 还是用车过程中，遇 ...

③热门中概股涨跌不一，世纪互联涨超12%，金山云涨10%，台积电涨超3%，哔哩哔哩、蔚来涨超 2%；网易跌超4%，爱奇艺跌超2%； ④欧洲三大股指收盘涨跌不一，德国DAX指数跌0.53%报24856.15点，法国CAC40指数跌0.18%报 8313.24点，英国富时100指数涨1.14%报10472.11点； ①美国三大股指小幅收跌，道指跌0.13%报50121.4点，标普500指数持平报6941.47点，纳指跌0.16%报 23066.47点； ②热门科技股涨跌不一，谷歌、微软跌超2%，亚马逊跌超1%，英特尔涨超2%，英伟达、苹果、特斯拉 涨幅不足1%； ⑦纽约尾盘，美元指数涨0.07%报96.92，离岸人民币对美元上涨54.0个基点报6.9089； ⑧伦敦基本金属全线上涨，LME期镍涨3.29%报18065.0美元/吨，LME期锡涨1.59%报50065.0美元/吨， LME期铅涨1.01%报1994.5美元/吨，LME期铜涨1.00%报13239.0美元/吨，LME期铝涨0.78%报3117.0美 元/吨，LME期锌涨0.68%报3418.0美元/吨； ⑨美债收益率集体上涨，2年期美债收益率涨6.41 ...

There are plenty of artificial intelligence (AI) stocks you can invest in right now. Tech companies are spending heavily on AI technologies in an effort to benefit from the latest trends in the industry. But it can be risky to invest in just any AI stocks, as not all of them will prove to be good buys. If you've got $5,000 that you can invest in the stock market today, two of the best AI stocks you can buy without hesitation right now are Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) and Taiwan Semiconductor Manu ...

Summary of Semiconductor Industry Conference Call Industry Overview - The conference call focused on the global semiconductor industry, specifically discussing the WSTS report for December 2025, which tracks sales, units, and average selling prices (ASPs) across the semiconductor sector [2][27]. Key Financial Metrics - **2025 Semiconductor Sales**: Grew by 26% year-over-year, reaching approximately $792 billion, following a 20% increase in 2024 [3][28]. - **December 2025 Sales Growth**: Total semiconductor sales increased by 41.3% year-over-year, with memory sales growing by 67.6% year-over-year [3][29]. - **Monthly Sales Performance**: December sales rose by 4.8% month-over-month, significantly above the historical average of 2.2% [4][38]. Product Category Performance - **Logic Sales**: Increased by 40% year-over-year, leading the growth among product categories [28][32]. - **Memory Sales**: Grew by 35% year-over-year, with a notable 67.6% increase in December alone [3][29]. - **Analog Standard Linear**: Sales rose by 17%, while Discretes and Microcontroller Units (MCUs) saw declines of 1% each [28][32]. - **Monthly Performance by Product Group**: - Discretes: 18.3% growth vs. typical 14.5% - Optoelectronics: 14.2% vs. typical -0.1% - Logic: 3.7% vs. typical -1.1% - MCU: 13.8% vs. typical 11.6% [5][40]. Geographic Sales Insights - **Year-over-Year Sales Growth by Region**: - Americas: Up 32.5% - Europe: Up 23.3% - China: Up 40.3% - Asia Pacific/All Other: Up 77.6% - Japan: Down 11.3% [45]. - **Month-over-Month Sales Growth**: - Americas: Up 10.5% - China: Up 5.8% - Europe: Up 4.7% - Japan: Flattish at -0.7% - Asia Pacific/All Other: Down 1.2% [46]. Unit Shipments and ASPs - **Total Unit Shipments**: Increased by 9.6% month-over-month, with ASPs down by 4.4% [52]. - **Year-over-Year Shipment Growth**: Increased by 4.1%, with notable increases in Discretes, Optoelectronics, and Logic [53]. - **ASP Changes**: - ASPs increased for Discretes (6.3%), Optoelectronics (7.3%), and NAND (11.5%). - ASPs decreased for Sensors & Actuators (-4.6%) and Logic (-3.6%) [55][56]. Investment Implications - **ADI (Analog Devices)**: Rated Market-Perform with a target price of $270.00, executing well but shares considered expensive [11]. - **AMD (Advanced Micro Devices)**: Rated Market-Perform with a target price of $235.00, driven by high AI expectations and a new deal with OpenAI [11]. - **AVGO (Broadcom)**: Rated Outperform with a target price of $475.00, benefiting from a strong AI trajectory [11]. - **NVDA (NVIDIA)**: Rated Outperform with a target price of $275.00, with significant opportunities in the datacenter market [13]. - **QCOM (Qualcomm)**: Rated Outperform with a target price of $175.00, despite memory headwinds, shares are considered cheap [14]. Additional Insights - The semiconductor industry is experiencing robust growth driven by various product categories, particularly logic and memory, with significant regional disparities in performance. - The overall market sentiment remains positive, with several companies positioned for growth amid ongoing technological advancements and demand for semiconductors.

数据显示，台积电1月营收为4012.6亿新台币(约合127.1亿美元)，同比增长36.8%，较2025年12月增长 19.8%。这是该公司史上最强单月营收，也是其月度营收首次突破4000亿新台币大关。 周三，芯片股普涨，台积电(TSM.US)涨近5%，股价再创历史新高；英特尔(INTC.US)涨逾4%，英伟达 (NVDA.US)涨逾1%。 美国银行表示，台积电董事会近期核准的高达450亿美元的资本预算案，呈现出极为鲜明的结构化特 征，资金投向高度集中于先进的前端制造工艺(Advanced Front-end)以及大规模晶圆厂的基础设施建设。 该行分析师Haas Liu给予台积电股票"买入"评级，目标价为新台币2360元。 ...

数据显示，台积电1月营收为4012.6亿新台币(约合127.1亿美元)，同比增长36.8%，较2025年12月增长 19.8%。这是该公司史上最强单月营收，也是其月度营收首次突破4000亿新台币大关。 智通财经APP获悉，周三，芯片股普涨，台积电(TSM.US)涨近5%，股价再创历史新高；英特尔 (INTC.US)涨逾4%，英伟达(NVDA.US)涨逾1%。 美国银行表示，台积电董事会近期核准的高达450亿美元的资本预算案，呈现出极为鲜明的结构化特 征，资金投向高度集中于先进的前端制造工艺(Advanced Front-end)以及大规模晶圆厂的基础设施建设。 该行分析师Haas Liu给予台积电股票"买入"评级，目标价为新台币2360元。 ...

Key Takeaways Semiconductor sales reached $791.7B in 2025, up 25.6% year over year.ADI expects 28% earnings growth this year, with estimates up 2.7% in 60 days.SLAB sees earnings growth of more than 100% this year as AI and IoT demand rises.The semiconductor industry had a robust 2025, with sales skyrocketing on continued demand fueled by enthusiasm surrounding artificial intelligence (AI), especially generative AI. Tech stocks — led by AI-driven companies and semiconductor makers — have been a major force ...

台积电盘初涨近3%，总市值升至1.9万亿美元上方。 来源：滚动播报 ...

台积电已于2025年第四季度开始大规模生产2纳米芯片，并预计该制程将在2026年下半年成为核心增长 点，有望超越3纳米和5纳米营收之和。公司正加速在中国台湾、美国、日本和德国的产能建设，以支持 AI相关需求。美国亚利桑那州第一座工厂已于2024年量产，第二座工厂建设完成，第三座厂已开工； 日本熊本第二座工厂已开建；欧洲德累斯顿厂按计划推进。 机构观点 近期多家券商上调台积电目标价，如摩根大通将台股目标价上调至2100新台币，高盛上调至2330新台 币，理由包括AI需求持续强劲、盈利能力改善以及资本开支扩张。台积电股价在2026年1月一度创历史 新高，总市值突破1.8万亿美元。 未来发展 经济观察网台积电近期在财务表现、技术进展和市场动态方面均有重要动向，可能影响其股票表现。 业绩经营情况 台积电于2026年2月10日公布了2026年1月合并营收数据，约为4012.55亿元新台币(约合886.37亿元人民 币)，同比增长36.8%，环比增长19.8%。这一数据反映了公司在新年首月的业务开局强劲。台积电在 2026年1月15日公布了2025年第四季度财报，显示净利润同比增长35%至5057.4亿新台币，毛利率升至 ...

Group 1: Fund Performance - Baron Durable Advantage Fund returned 2.6% in Q4 2025, closely matching the S&P 500 Index's return of 2.7% [1] - The Fund achieved a total return of 16.6% in 2025, compared to 17.9% for the S&P 500 Index and 16.1% for the Morningstar Large Growth Category average [1] Group 2: Investment Focus - In 2026, the Fund aims to invest in high-quality, large-cap companies with strong competitive advantages and consistent shareholder returns, amidst geopolitical changes, regulatory trends, and advancements in artificial intelligence [1] Group 3: Taiwan Semiconductor Manufacturing Company (TSMC) - TSMC is highlighted as a significant contributor to the Fund's performance, with shares increasing by 9.0% in Q4 2025 and 55.5% for the entire year [3] - TSMC's stock closed at $361.91 on February 10, 2026, with a one-month return of 10.64% and a 75.36% increase over the past twelve months [2] - TSMC raised its 2025 revenue growth guidance to "close to mid-30s%" in USD terms, driven by strong demand for AI chips [3] - TSMC holds a 90% market share in leading-edge semiconductor manufacturing and 65% overall, indicating its unmatched competitive position [3] - The company is positioned to benefit from sustained growth due to the ongoing AI buildout, regardless of market share dynamics among competitors like NVIDIA and AMD [3]