AI and chip stocks have been among the winners this year, despite a crash in April following President Donald Trump's "Liberation Day" tariffs announcement. And Micron (MU 0.10%) has been one of the top performers in the sector.The memory chipmaker has continued to deliver strong growth, especially in artificial intelligence (AI) and the data center. It has also benefited from a return in overall bullishness among investors as the stock rose 46% through the first six months of 2025, according to data from S ...

Senator Rand Paul (R-Kentucky) stood firm on his “no” vote on President Trump’s megabill. He explains why the legislation’s additions to the deficit were too high for him to change his vote, and why he proposed a spending “leash” as a compromise. Rockefeller Capital Management CEO Greg Fleming digs into market performance in 2025. We were due for an adjustment, he says, but the U.S. stock market is resilient, and American exceptionalism is not over yet. Plus, X CEO Linda Yaccarino is stepping down, Ferrero ...

Core Viewpoint - The AI boom continues to reshape the global economic landscape, with Nvidia's market capitalization reaching $4 trillion, marking a historic milestone in the tech industry since the AI wave began in late 2022 with the launch of ChatGPT [1][3]. Company Performance - Nvidia's stock price rose by 2.5% to $163.9 per share at the opening on July 9, 2023, closing at $162.9, with a total market cap of $3.97 trillion, nearing the $4 trillion mark [3]. - Nvidia's revenue for Q1 of the 2026 fiscal year reached $44.06 billion, a 69% year-over-year increase, with net profit of $18.78 billion, up 26% [4]. - Nvidia's stock has seen a cumulative increase of over 1000% since the beginning of 2023, with a 20% rise since April 2025 [3][4]. Market Position - Nvidia remains the leading supplier of AI chips for AI servers, with its data center business generating $39.1 billion in revenue, accounting for 89% of total revenue, and growing 73% year-over-year [6]. - The global data center market was valued at $250 billion in the previous year, growing at an annual rate of 20% to 25%, supporting Nvidia's valuation [5]. Future Outlook - Analysts predict Nvidia's market cap could reach $6 trillion, with a target price increase from $175 to $250 per share, driven by the anticipated "golden wave" of generative AI adoption [4]. - Nvidia is entering a "decade-long AI infrastructure buildout period," with significant growth opportunities in AI and robotics, representing a multi-trillion dollar market [6]. Challenges - Nvidia faces competition from self-developed chips by major tech companies like Amazon, Microsoft, and Meta Platforms, which could reduce reliance on Nvidia's products [8]. - The company is also challenged by the rise of low-cost AI models and restrictions on sales to China, which previously accounted for 25% of its global sales [7][8]. - Concerns about quantum computing advancements pose a potential risk, with some experts suggesting breakthroughs could occur within 5 to 7 years, potentially surpassing Nvidia's current technology [8].

Group 1 - Nvidia is planning to launch an AI chip specifically for the Chinese market as early as September, despite U.S. export restrictions [1] - The new AI chip will be based on Nvidia's Blackwell RTX Pro 6000 processor, modified to comply with existing AI chip restrictions [2] - The upcoming chips will not include high-bandwidth memory or NVLink, which are features of Nvidia's advanced AI chips [2] Group 2 - Nvidia CEO Jensen Huang stated that the company would no longer include the Chinese market in its revenue and profit forecasts, although this may be a temporary change [3]

Core Insights - The technology sector is driving a stock market rally, with the Nasdaq Composite Index reaching an all-time high, largely due to NVIDIA becoming the first publicly traded company valued at $4 trillion [1][3] - Strong U.S. labor data and easing U.S.-China trade tensions are contributing to positive market sentiment ahead of the Q2 earnings season [2] - The AI boom is expected to continue fueling growth in the technology sector, with significant investments in AI applications and infrastructure [5] Technology Sector Performance - The technology sector is projected to achieve 11.8% earnings growth in Q2, supported by a 10.8% increase in revenues, despite potential new tariffs [7] - The global digital shift is accelerating e-commerce and various technological advancements, which are expected to sustain the sector's growth [8] ETFs in Focus - Technology Select Sector SPDR Fund (XLK) has $81 billion in assets under management (AUM) and an average daily volume of 6 million shares, making it a popular choice [9] - Vanguard Information Technology ETF (VGT) manages $95 billion in AUM and tracks 319 technology stocks, with a solid volume of nearly 501,000 shares [10] - VanEck Vectors Semiconductor ETF (SMH) focuses on 26 semiconductor companies, with $26.9 billion in AUM and an average daily volume of 9 million shares [11] - iShares US Technology ETF (IYW) has $21.8 billion in AUM and provides exposure to 141 technology companies, with a daily trading volume of 763,000 shares [12] - ARK Innovation ETF (ARKK) invests in companies benefiting from technological advancements, holding $6.8 billion in AUM and trading an average of 12 million shares daily [13]

特朗普称，美联储应迅速降息。特朗普称赞英伟达股价自特朗普关税以来上涨 ...

Core Insights - NVIDIA has achieved a market capitalization of $4 trillion, becoming the first publicly traded company to reach this milestone, outperforming major competitors like Microsoft and Apple [1] - The company is significantly benefiting from the growth of generative AI, with its specialized GPUs and CUDA software platform giving it a competitive advantage [2] - Major tech firms are heavily investing in NVIDIA's products to build AI data centers, driving demand for its chips [3] Financial Performance - NVIDIA's stock has increased by 17.8% year-to-date and 20% over the past year [1] - Despite a $4.5 billion loss in the last quarter due to U.S. government restrictions on chip sales to China, investor confidence remains high [7] - The forward P/E ratio of NVIDIA's stock is 38.4X, which is lower than the industry average of 40.0X, indicating it is not overvalued [9][10] Market Dynamics - NVIDIA's chips are still considered top-tier for both training and inference phases of AI development, despite early-year volatility and concerns about obsolescence [4][5] - The rise of sovereign AI initiatives globally is expected to boost demand for NVIDIA's chips, with countries like Saudi Arabia planning significant purchases [6] - The company is set to launch its next-generation Blackwell Ultra chips, which will further solidify its market position [8] Investment Opportunities - Investors interested in NVIDIA's growth can consider ETFs with significant allocations to the company, such as Strive U.S. Semiconductor ETF and VanEck Vectors Semiconductor ETF [11]

国芯网[原:中国半导体论坛] 振兴国产半导体产业！ 不拘中国、 放眼世界 ！ 关注 世界半导体论坛 ↓ ↓ ↓ 7月10日消息，NVIDIA在昨日晚间达到了一个新的里程碑，其股价一度上涨2.5%，报163.9美元/股，总 市值突破4万亿美元，成为全球首家市值达到这一高度的公司。 据报道，NVIDIA的这一市值突破得益于其在AI芯片市场的主导地位，其GPU在性能上领先全球，是目 前市场上最受欢迎的产品之一。 投资银行Wedbush在其最新报告中将NVIDIA的AI芯片称为"新的黄金和石油"，并预测NVIDIA的市值将 继续攀升，未来18个月内投资者的关注焦点将是5万亿美元大关。 Wedbush还指出，微软也有可能加入4万亿美元市值俱乐部。 ***************END*************** 半导体公众号推荐 美国对中国实施的制裁对NVIDIA的营收造成了一定影响，但该公司股价依然保持强劲，这主要归功于 CEO黄仁勋将业务重心转向主权AI，向投资者保证NVIDIA可以向其他国家销售芯片。 与此同时，微软在最新财报中显示出Azure业务33%的增长，缓解了投资者对其AI云计算变现能力的担 忧。 We ...

事实上，上交所数据显示，科创人工智能ETF华宝（589520）近10个交易日中，有7个交易日获资金净 流入，累计金额1012万元。 成份股方面，乐鑫科技涨近6%，安路科技、虹软科技、奥普特、航天宏图、萤石网络等个股收红。 或由于英伟达市值突破4万亿美元，点燃AI投资热潮，今日（7月10日）重点布局国产AI产业链的科创 人工智能ETF华宝（589520）场内价格收跌0.47%，但频现宽幅溢价区间，显示买盘资金更为强势！全 天成交额近2000万元，较前一日环比激增133%，伴随成交放量，或有资金逢跌介入！ 2、技术突破驱动产业升级，国产化进程加速 国产大模型（如ChatGLM4、百度文心一言4.0、讯飞星火）已接近GPT-4性能，中文场景表现优异，成 本大幅下降，部分模型免费开放，降低应用门槛。多模态大模型（如华为盘古5.0）加速工业设计、医 疗研发等场景落地，缩短研发周期（如汽车造型设计从1-2年缩至数月）。端侧方面，AI手机、AI眼 镜、AIPC等硬件快速普及，高通、小米等厂商推动端侧AI生态成熟。 3、应用场景爆发，商业化进程加速 B端，行业赋能深化。工业领域，AI+CAD、智能控制、机器视觉优化生产流程， ...

Core Insights - The demand for data centers is expected to significantly boost semiconductor stocks for years to come, with companies like NVIDIA leading the market with over 80% share in GPUs [1][2]. Group 1: Semiconductor Companies - ASML is a leader in extreme ultraviolet (EUV) lithography systems, essential for producing advanced chips required for AI applications, achieving 52% year-over-year revenue growth in its latest quarter [3][6]. - Applied Materials provides key technologies for chip manufacturing, including processes necessary for high-performance AI chips, and is expected to see revenue growth of 6.5% to $29 billion by 2025 [7][9]. - KLA specializes in yield management, helping manufacturers improve efficiency and reduce defects in chip production, with analysts raising price targets in anticipation of strong earnings [12][13]. Group 2: Market Trends and Projections - The shift towards more power-efficient chips in hyperscale data centers is driving the need for advanced semiconductor technologies [2][4]. - Generative AI workloads necessitate cutting-edge GPUs and specialized accelerators, which rely on precision manufacturing equipment [5]. - Analysts have set a consensus price target of $923.80 for ASML, indicating a potential gain of over 16%, while KLA's stock is currently above its consensus price target, reflecting strong market expectations [6][12].