Market Performance - The Shanghai Composite Index rose by 1.29% to close at 4067.74 points, while the Shenzhen Component Index increased by 2.19% to 14127.11 points, and the ChiNext Index gained 1.86% to 3324.89 points [1] - The Kweichow Moutai Semiconductor ETF (588170) increased by 3.40%, and the Semiconductor Equipment ETF Huaxia (562590) rose by 3.38% [1] - In the overnight U.S. market, the Dow Jones Industrial Average fell by 0.34%, the Nasdaq Composite dropped by 1.43%, and the S&P 500 decreased by 0.84% [1] Company Insights - AMD reported Q4 revenue of $10.27 billion, a 34% year-over-year increase, exceeding the forecast of $9.65 billion. Data center revenue reached $5.38 billion, up 39% year-over-year, also surpassing expectations [2] - AMD's net profit for Q4 was $2.52 billion, a 42% increase year-over-year, with adjusted earnings per share at $1.53, compared to $1.09 in the same period last year [2] - Nanya Technology's revenue for January 2026 reached NT$15.309 billion, a month-over-month increase of 27.39% and a year-over-year surge of 608.02%, marking a new monthly revenue high [2] Industry Trends - UBS analysts suggest focusing on HDD market leaders Seagate and Western Digital as a short-term trading theme, while long-term investments should target the supply-demand gap and pricing power in memory technologies [2] - Intel's CEO indicated that memory manufacturers expect supply tightness to persist until 2028, aligning with the upward demand for storage driven by AI [3] - The semiconductor equipment and materials sectors are seen as critical areas for domestic substitution, benefiting from low domestic replacement rates and high ceilings for domestic alternatives amid the AI revolution [3]
半导体早参 | AMD第四季度净利同比增长42%，DRAM大厂南亚科1月营收同比大增608%
Mei Ri Jing Ji Xin Wen·2026-02-04 01:05