Market Performance - Major U.S. stock indices opened higher and closed with significant gains, with the Nasdaq up 1.43%, the Dow Jones up 1.19%, and the S&P 500 up 1.11% [1][5] - The Dow Jones reached its highest closing level since early March, while both the S&P 500 and Nasdaq achieved their highest closing levels since late February [1] - Large-cap tech stocks mostly rose, with Intel increasing over 6% [1][7] Chinese Stocks - The Nasdaq Golden Dragon China Index surged by 3.31%, marking its largest single-day gain since May 13 [2][10] - Notable gains were observed in various Chinese stocks, including Xiaoma Zhixing up over 16%, New Oriental up over 13%, and Kingsoft Cloud up over 7% [10] Commodity Market - COMEX gold futures fell by 1.71% to $3336.9 per ounce, while silver futures dropped by 0.9% to $35.86 per ounce [4] - International crude oil futures saw significant declines, with WTI crude oil down 6.04% to $64.37 per barrel and Brent crude oil down 6.07% to $67.14 per barrel [4] Federal Reserve Insights - Federal Reserve Chairman Jerome Powell indicated that inflation is expected to rise soon, and the Fed will continue to observe economic conditions before deciding on interest rate adjustments [4][12] - Powell mentioned that most Fed policymakers support a rate cut later this year, although he personally disagrees with a rate cut at the July meeting [4][16] - The market currently prices in a 23% chance of a rate cut at the July meeting, with an 82% probability for a cut in September [16]

美股半导体股周二集体走强， AMD涨逾5%， 美光科技、 台积电涨4%， 博通涨逾3%股价创历史新 高， 英伟达涨2%。 ...

根据集邦咨询的数据，2024年第四季度，台积电占据了半导体代工市场约三分之二的份额。 Counterpoint研究总监Brady Wang表示，随着芯片行业继续更加关注先进节点，鉴于其强大的技术实 力，预计台积电将保持强势地位。 Counterpoint Research表示，苹果(AAPL.US)、高通(QCOM.US)和联发科可能会在2026年下半年推出2nm 系统级芯片(SoC)，新处理器可能由台积电(TSM.US)制造。 根据Counterpoint的报告，随着各公司在设备中集成更多人工智能(AI)功能，3nm和2nm节点的采用正在 加速，部分归功于其更强的性能与能效。该机构还表示，苹果将成为这一技术升级的主要推动者，其今 年超过80%的产品线将采用3nm制程技术。 Counterpoint高级分析师Parv Sharma在一份声明中表示："当前对复杂设备端人工智能功能的需求，极大 地推动了向更小、更强大、更高效的节点转型。由于晶圆价格上涨和智能手机系统级芯片中半导体含量 的增加，系统级芯片的整体成本上升。3nm和2nm节点将迎来一个重要里程碑，预计到2026年，三分之 一的智能手机系统级芯片将采用这 ...

AMD is emerging not just as one of the West's most critical AI assets, but also as an AIOliver Rodzianko is the Founder and Chief Executive Officer of Invictus Origin, a pioneering high-alpha investment management firm launched in May 2025, dedicated to becoming a globally recognized, actively managed fund. Invictus Origin is developing innovative portfolio strategies, notably through its flagship Nasdaq High-Alpha Black Swan Portfolio, strategically designed to sustainably outperform the Nasdaq-100. Distin ...

Market Movements - US stock index futures are all up, with Dow futures rising by 0.63%, S&P 500 futures up by 0.81%, and Nasdaq futures increasing by 1.05% [1] - European indices also show positive movement, with Germany's DAX up by 1.83%, UK's FTSE 100 up by 0.33%, France's CAC40 up by 1.20%, and the Euro Stoxx 50 up by 1.40% [2][3] Oil Prices - WTI crude oil has decreased by 3.24%, trading at $66.29 per barrel, while Brent crude oil has fallen by 3.42%, priced at $68.11 per barrel [4][5] Federal Reserve and Economic Outlook - The drop in oil prices may open a window for interest rate cuts, as the easing Middle East tensions could accelerate the Federal Reserve's shift in July [5] - Federal Reserve Chairman Jerome Powell is set to testify before Congress, with key focus areas including interest rates, economic outlook, and the impact of Middle East tensions on the economy [6] Investment Sentiment - Tom Lee, a prominent investor, believes that the market's reaction to recent geopolitical events indicates a stronger performance for US stocks in the second half of the year [7] - Major US banks may benefit from potential regulatory changes that could ease capital requirements, providing them with more capital flexibility [7] Central Bank Trends - A survey by OMFIF indicates that 70% of central banks are hesitant to hold US dollars, with a growing interest in gold, euros, and renminbi [8][9] Company News - Chinese concept stocks are seeing pre-market gains, with New Oriental and Kingsoft Cloud rising nearly 5% [10] - Tesla's Robotaxi service is under investigation for potential traffic violations during its first day of operation [10] - Eli Lilly's experimental drug Bimagrumab shows promising results in weight loss while preserving muscle mass when combined with Wegovy [10] - Novo Nordisk has launched its weight loss drug Wegovy in India, pricing it competitively [11] - Starbucks has confirmed it is not considering a full sale of its China business despite media speculation [12] - Visa is actively exploring the stablecoin market as a new digital payment technology [12]

文 | 半导体产业纵横，作者 | 丰宁 "光刻将不再那么重要。"这句话一出便在业界引起巨大争议，这句话来源于英特尔的一位高管。 光刻机，向来被视为半导体制造的命脉。但近期多家芯片巨头释放的信息显示，未来光刻技术可能不再 是唯一选择，即便是很难抢到的High-NA EUV，也多处于"闲置"状态。 High-NA EUV光刻机，面临滞销 去年，High-NA EUV 热度很高。 ASML官网显示，其组装了两个TWINSCAN EXE:5000高数值孔径光刻系统。其中一个由ASM与imec合 作开发，将于2024年安装在ASML与imec的联合实验室中，预计2025年投入量产。另一个由英特尔在 2018年订购，2023 年 12 月，ASML正式向英特尔交付了首个High-NA EUV 光刻系统——TWINSCAN EXE:5000的首批模块。 2024 年初，这台光刻机主要组件运抵英特尔；11 月，台积电称年底前会收到 ASML 最先进的High-NA EUV光刻机。2025 年 3 月，三星在韩国华城园区引入首台 ASML 造的 TWINSCAN EXE:5000 ，成为英 特尔、台积电之后第三家购入的半导体厂 ...

行业报告 | 行业研究周报 半导体 证券研究报告 5 月半导体总结及 3 季度展望：持续重点看好存储板块 半导体 5 月市场回顾与三季度展望：5 月交期：5 月，全球芯片交期稳定，现货市场`交期有小 幅上升走势。存储价格环比上涨。重点芯片供应商交期：5 月，主要芯片厂商趋稳，部分交期 和价格有小幅上升。其中，ADI 等模拟订单回升，价格稳定；通用 MCU 交期和价格稳定，NXP 等汽车 MCU 交期和价格上升；Infineon 等功率器件交期延长，部分价格上升；储存价格持续 回升。晶圆代工方面，SMIC、华虹产能利用率饱满，预期 2025.6 月整体订单持续提升，国内 大厂涨价预期兑现。封测方面，封测订单增长稳定，领先厂商先进封测产能加速扩产。设备方 面，5 月龙头公司库存较低订单稳定上升，6 月预期趋势持续。Q2 展望：存储涨价持续+企业 级产品国产持续替代，晶圆代工龙头或开启涨价，各大 AI 眼镜或近期密集发布，工控/汽车领 域复苏。建议关注端侧存储/代工 SoC/ASIC/CIS 二季度业绩弹性及设备材料国产化机遇。 持续重点关注存储板块，基于存储涨价持续性+AI强催化+国产化加速，上游原厂 DDR4 ...

That's why I think this trio is an excellent investment, as all three have a proven track record of delivering excellent results for investors. Three stocks that I think investors should load up on are Nvidia, Taiwan Semiconductor Manufacturing (TSM 0.46%), and Broadcom (AVGO 1.50%). There's a common theme that unites these three stocks and makes them excellent buys right now. Artificial intelligence (AI) investing doesn't have to be hard. Plenty of stocks look like attractive investments, and they're often ...

Core Viewpoint - TSMC has placed an order for 10 units of 5nm plasma etching machines from Zhongwei Semiconductor Equipment, marking a significant achievement for Zhongwei in the semiconductor equipment sector [1][2]. Group 1: TSMC's Operations - TSMC's Nanjing factory, established in 2016 with an investment of approximately $3 billion, is a key part of TSMC's strategy in mainland China [3]. - The Nanjing facility achieved remarkable construction efficiency, completing the factory in 14 months and producing its first wafer within 6 months [3]. - The factory primarily focuses on 12nm and 16nm process technologies and has significantly enhanced local wafer foundry capabilities [3]. Group 2: Zhongwei Semiconductor Equipment - Zhongwei Semiconductor has successfully developed a 5nm etching machine that meets TSMC's stringent requirements, showcasing its technological maturity and reliability [1][2]. - The company has a strong track record in etching equipment, having progressed from 65nm to 5nm technology through continuous innovation and R&D investment [2]. - Zhongwei's etching equipment features advanced technology, including adjustable process stability, dual low-frequency RF sources, and a proprietary anti-corrosion reaction chamber [2]. Group 3: Market Position and Financials - Zhongwei Semiconductor is a leading player in the domestic semiconductor equipment market, with over 95% coverage of domestic etching needs and a projected revenue of approximately 7.277 billion yuan in 2024 [5]. - The company has experienced an average annual growth rate of over 50% in etching equipment revenue over the past four years [5]. - Zhongwei is also expanding into new areas, including GaN-based LED lighting and SiC power devices, while actively investing in over 30 upstream and downstream enterprises [6].

摩根大通最新报告指出，亚洲科技股今年有望再涨15%-20%，主要受人工智能领域强劲势头推动。 分析师团队在报告中强调："AI将继续主导本轮增长周期，2025年数据中心资本开支扩张及2026年增长 确定性将强化这一趋势。未来三个月我们不建议大幅减持AI概念股，坚守行业龙头仍是首选策略。" AI概念股正快速崛起为亚洲股市的核心引擎，本土对自动化和生成式技术的旺盛需求形成有力支撑。 数据显示，彭博亚太半导体指数年内涨幅超12%，大幅跑赢地区股指。 随着微软、谷歌等科技巨头对AI内存芯片需求持续坚挺，行业景气度有望进一步攀升。摩根大通重点 推荐台积电、SK海力士、爱德万测试和台达电子等芯片龙头，认为这些标的未来12个月将延续上涨动 能，"需求无忧且盈利预期将持续上修"。 周二，美国总统特朗普在社交平台突然宣布以色列与伊朗达成停火协议，风险偏好迅速回暖。MSCI新 兴市场货币指数周二亚洲时段上涨0.4%，韩元和菲律宾比索领涨。地区股指盘中飙升1.6%，韩国综合 股价指数更是暴涨2.8%。 A股三大股指早盘高开高走，盘中均涨超1%，沪指时隔一周重回3400点，创业板指一度涨超2%。截至 中午收盘，沪指涨1%，深证成指涨1 ...