European stocks are likely to open higher on Tuesday as a two-day policy meeting of the U.S. Federal Reserve gets underway today amid expectations of a larger-than-expected rate cut.The Fed's monetary policy announcement is due on Wednesday, with the U.S. central bank widely expected to deliver a quarter point interest-rate cut following recent data showing relatively subdued inflation and a weakening labor market.According to CME Group's FedWatch Tool, there is a slim 3.6 percent chance of a half-point ra ...

美国在对外博弈中的核心筹码曾被广泛认为是其庞大的消费市场，这种优势让特朗普政府频繁挥舞关税大棒对全球施压。 然而，当这一手段作用于中国时，效果却逐渐式微，并非美国降低了对华关税税率，而是特朗普深知关税超过特定阈值将导致双边贸易停滞，这远超美国经 济承受阈值。当前税率已达微妙平衡点，既无继续加征空间，又难有下调意愿，关税作为"王牌"的效力正在消退。 在此背景下，美国将科技领域尤其是芯片半导体视为新的战略支点。这种转变在近期中美谈判前夕尤为明显，特朗普大概率会指示财政部长贝森特在西班牙 磋商中最大化利用芯片筹码，试图迫使中国在关键议题上让步。 但现实发展显然超出预期，中国商务部在谈判前夕连续发布两则贸易救济公告：对原产于美国的进口相关模拟芯片启动反倾销调查，同时就美国对华集成电 路领域的歧视性措施发起反歧视调查。 这两项调查直指美国芯片产业要害，若确认存在违法行为，中国将对相关企业及商品加征关税或保证金，可能导致部分美国芯片因成本优势丧失而退出中国 市场。 | 全部 | 反倾销 | | 反补贴 | 保障措施 其他 | | --- | --- | --- | --- | --- | | 2025-09-13 | | ...

Core Viewpoint - Nvidia is facing increased regulatory scrutiny in China due to alleged antitrust violations, which adds uncertainty to its business operations in the region, where it generated 13% of its total sales last year [1][2]. Group 1: Regulatory Actions - Chinese regulatory authorities have initiated a further investigation into Nvidia for violating antitrust laws, following an initial investigation that began in December 2022 [1][4]. - The latest investigation is part of a broader effort by China to utilize regulatory tools to enhance its semiconductor capabilities and reduce reliance on foreign competitors [2][10]. Group 2: Market Impact - Following the announcement of the investigation, Nvidia's stock price fell by as much as 2.4% in pre-market trading, reflecting investor concerns about the potential impact on its business in China [1][6]. - Analysts express concern that new measures could restrict Nvidia's ability to sell network solutions to Chinese customers, a business valued at several billion dollars annually [5][10]. Group 3: Historical Context - The last significant antitrust investigation against a foreign tech company in China occurred in 2013, involving Qualcomm, which resulted in a substantial fine [8][10]. - The current situation indicates a shift in China's approach to enforcing antitrust laws against foreign companies, reflecting a growing confidence in its domestic technology sector [10]. Group 4: Financial Implications - Nvidia's revenue in China for the fiscal year 2024 was reported at $10.31 billion, representing a 78% year-over-year increase, which could lead to potential fines ranging from $10.3 million to $1.03 billion if violations are confirmed [10][11]. - If the violations are deemed particularly severe, fines could escalate to between $2.06 billion and $5.015 billion, significantly impacting Nvidia's financial standing [11].

Group 1: Nvidia Antitrust Review - The Chinese market regulator has initiated an antitrust review of Nvidia's 2020 acquisition of Mellanox, indicating compliance issues and reflecting changes in the global semiconductor industry competition landscape [2][3] - The review highlights the increasing strategic value of semiconductor technology in the digital economy and the growing regulatory scrutiny over key technology sectors [2][3] - Nvidia's CEO has projected that the Chinese AI market could reach $50 billion in the next two to three years, emphasizing the importance of international participation in this market [3] Group 2: TikTok Framework Agreement - TikTok's development in the U.S. has evolved from operational disputes to a framework agreement, showcasing the challenges of global internet platform operations amid varying data security and regulatory requirements [4][5] - The agreement is expected to focus on local data storage, algorithm transparency, and ownership structure, representing a "localized adaptation" approach to globalization [4][5] - The case of TikTok illustrates that future global internet platform operations will require customized adjustments to technology architecture and operational models based on local market regulations [5] Group 3: Global Technology Industry Trends - Both Nvidia's antitrust review and TikTok's framework agreement signal a restructuring phase in the global technology industry, shifting from an "efficiency-first" model to one that balances "safety and efficiency" [7] - This transition may lead to fragmented technical standards and increased R&D costs, as companies adapt to diverse regulatory environments [7][8] - The need for a "dual capability" in technology innovation and compliance adaptation is essential for companies to thrive in the new industry landscape [8]

市场监管总局已认定英伟达属于违法实施经营者集中，进一步调查阶段将评估竞争损害，拟订行政处罚方案 文｜《财经》研究员 郭丽琴 编辑｜朱弢 在国家市场监督管理总局（下称"市场监管总局"）对英伟达公司立案调查九个月后，宣布将对该公司展开进一步调 查。 9月15日下午，市场监管总局发布公告称，近日，经初步调查，英伟达公司违反《中华人民共和国反垄断法》（下称 《反垄断法》）和《市场监管总局关于附加限制性条件批准英伟达公司收购迈络思科技有限公司股权案反垄断审查决 定的公告》（下称《附条件批准公告》），市场监管总局依法决定对其实施进一步调查。 （来源：市场监管总局官网） 消息公布后，英伟达股价在美股盘前交易中下跌2.1%，截至发稿前，一度跌超1.74%。 此前的2024年12月9日晚间，市场监管总局发布公告称，因英伟达公司涉嫌违反《反垄断法》）及《附条件批准公 告》，依法对英伟达公司开展立案调查。此后，英伟达中国曾向《财经》回应称，"英伟达凭借实力取胜，这反映在 我们的基准测试结果和对客户的价值上，客户可以选择任何最适合他们的解决方案。我们努力在每个地区提供最好的 产品，并在我们开展业务的任何地方履行我们的承诺。我们很乐意 ...

V i e w p o i n t | 15 Sep 2025 03:26:05 ET │ 13 pages Global Semiconductors Commodity Memory Supply Shortage Expected to Deepen Further as Nvidia Pivots to SOCAMM2 CITI'S TAKE Domestic media, etnews, reported that Nvidia shifted to adopt SOCAMM2 instead of previous SOCAMM1 and engaged with Samsung, Hynix, and Micron in product sampling process. With the SOCAMM2 expected for commercialization in 2026E, we project SOCAMM demand to increase 5.4x YoY to 27bn 1Gb equiv. in 2026E, which should further intensify ...

2025年9月15日，国家市场监督管理总局发布公告称，近日，经初步调查，英伟达（NVIDIA）公司违反《中华人民共和国反垄断法》和《市场监管总局 关于附加限制性条件批准英伟达公司收购迈络思科技有限公司股权案反垄断审查决定的公告》，市场监管总局依法决定对其实施进一步调查。 早在2024年12月9日晚间，国家市场监督管理总局就曾发布公告称，近日，因英伟达公司涉嫌违反《中华人民共和国反垄断法》及《市场监管总局关于 附加限制性条件批准英伟达公司收购迈络思科技有限公司股权案反垄断审查决定的公告》（市场监管总局公告〔2020〕第16号），市场监管总局依法对 英伟达公司开展立案调查。 当时，英伟达发言人在一份声明中回应称："我们努力在每个地区提供最好的产品，并在我们开展业务的所有地方履行我们的承诺。我们很乐意回答监 管机构对我们业务的任何问题。" 经过9个多月的调查，从国家市场监督管理总局最新发布的公告来看，已经初步确认了英伟达违反中国的"反垄断法"以及此前市场监管总局有条件批准 英伟达收购迈络思交易的相关协议。 或与捆绑销售有关 近年来，随着生成式AI的爆发，市场对于英伟达的AI芯片需求也呈爆发式增长，这也使得英伟达占据 ...

格隆汇9月16日｜CoreWeave与英伟达签署新订单，涉及初始价值为63亿美元。根据合约，若CoreWeave 云端运算产能未能售出，英伟达承诺将在2032年4月13日前买下剩余的运算能力。受此消息提振， CoreWeave隔夜大涨7.6%。巴克莱分析师指出，这项协议相当于替CoreWeave提供"最后买家"的保障， 确保其资料中心产能无论最终客户是谁都能发挥作用。与此同时，英伟达的增量支出也被视为一种健康 的多元化，让其不再过度依赖少数大型客户。 ...

昨日A股 9月15日，市场走势分化，沪指窄幅震荡，创业板指冲高回落。截至收盘，沪指跌0.26%，深成指涨 0.63%，创业板指涨1.52%。沪深两市成交额2.28万亿，较上一个交易日缩量2458亿。 盘面上，市场热点快速轮动，个股跌多涨少，全市场超3300只个股下跌。从板块来看，游戏板块集体上 涨，汽车产业链板块上涨，算力板块局部走强，储能概念股表现活跃。下跌方面，文化传媒大跌。 关于TikTok问题，李成钢表示，中国一贯反对将科技和经贸问题政治化、工具化、武器化，绝不会以牺 牲原则立场、企业利益和国际公平正义为代价，寻求达成任何协议。中方将坚决维护国家利益和中资企 业合法权益，依法依规开展技术出口审批。同时，中国政府充分尊重企业意愿，支持企业在符合市场原 则基础上，开展平等商业谈判。 | 名称 最新点位 | 涨跌幅 | | --- | --- | | 上证指数 3860.5 | -10.1(-0.26%) | | 深证指数 13005.77 | +81.64(0.63%) | | 3066.18 创业板指 | +45.76(1.52%) | | 日期:9月15日 制图:21投资通 | | 隔夜外盘 纽约股市 ...

It is time for the lightning round 10 minutes by just the call my gra and then the lightning round is over. Are you ready light round with Nick in New Jersey Nick. >> Booya Jim I'm calling about QXO Inc. Sticker QXO.>> All right. This is Brad Jacobs company. Uh Brad Jacobs's money.I'm not going to go against him. I'm going to go with him. You should buy the stock.Let's go ahead with David in Connecticut. David, >> hey Jim, thanks for having me on the show. I I just wanted to Yeah.say I appreciate it. And al ...