智通财经网·2025-06-12 03:35Group 1 - The report from CMB International indicates that trade uncertainties have eased, leading to a rebound in global stock markets, with US stocks, A-shares, and Hong Kong stocks continuing their upward trend [1] - Apple Inc. launched iOS 26 at WWDC25, enhancing the user experience of its product line, which aligns with market expectations [1] - TSMC reported a 40% year-on-year increase in revenue for May, driven by sustained demand for AI, with projected revenue of NT$320.5 billion for May 2025, reflecting a 40% year-on-year growth despite an 8% quarter-on-quarter decline [1] Group 2 - The report highlights that AI remains a critical technological change for the foreseeable future, with market focus expected to shift back to system construction progress and application monetization as key industry chain companies complete product upgrades in the second half of the year [2] - Investors are advised to pay attention to the domestic substitution process within the technology supply chain, particularly in semiconductor design, equipment, and manufacturing sectors [2] - There is an anticipated marginal improvement in end-user demand in the automotive and industrial sectors, suggesting investment opportunities within these industry chains [2]