来源：智通财经网 智通财经注意到，由于科技股上涨促使投资者撤出避险资产，美债价格下跌，美元汇率同步下滑。 纳斯达克股票期货上涨 0.2%，延续了该科技股指数周二 1% 的涨幅。在经历了几周的动荡后，市场对 人工智能颠覆性影响的担忧有所缓解。 美国10年期国债收益率上升两个基点，至 4.05%；与此同时，美元及日元表现落后于大多数主要货币。 风险偏好的回升也导致货币市场削减了对美联储降息的押注，从而加大了债券市场的压力。 瑞穗国际策略师埃夫琳·戈麦斯-利希蒂表示："由于10年期美债收益率如此接近 4% 的心理关口，我认为 如果出现任何买盘，反手做空将更具价值。" 债券需求将迎来一场考验。继周二稳健的两年期债券发行之后，美国财政部将于纽约时间下午 1 点拍卖 700 亿美元的新五年期票据。 随后，市场焦点将转向定于周三收盘后公布的英伟达(NVDA.US)最新季度财报。投资者正在等待新的 证据，以证明 AI 支出热潮仍在轨道上。 与美联储政策会议日期挂钩的互换合约显示，6月前降息 25 个基点的概率已降至 50%，为今年以来的 最低水平。到年底进行第三次降息的可能性也几乎消失。 交易员将关注定于周三晚些时候发表讲话 ...

Core Viewpoint - China's leading chipmakers are accelerating production plans for advanced semiconductors to meet rising domestic AI demand despite U.S. export restrictions [1] Group 1: Industry Developments - Companies like Semiconductor Manufacturing International Co. (SMIC) and Hua Hong Semiconductor are expanding or planning to start production of advanced chips, including 7-nanometer and 5-nanometer technologies [2] - The national initiative aims to increase advanced chip production to 100,000 wafers within one to two years, up from under 20,000 currently, with a long-term goal of adding 500,000 additional wafers by 2030 [3] Group 2: Challenges and Risks - Uncertainty exists regarding the achievement of production targets due to U.S. export restrictions that limit access to advanced chipmaking equipment, with foreign machines still outperforming domestic alternatives [4] - Ongoing U.S.-China tensions, particularly regarding semiconductor exports, could impact the supply chain for AI and other technology sectors [5][6]

英伟达做市商 Susquehanna 衍生品策略联合主管克里斯・墨菲表示： 来源：环球市场播报 尽管投资者希望这家芯片制造商的财报能揭示人工智能板块的前景，但股票期权市场的交易员对英伟达 季度财报可能引发的股价波动表现得异常谨慎。 期权数据显示，市场预计英伟达在周四（财报发布次日）股价上下波动幅度约为5.6%。这是至少三年 来，英伟达财报前市场预期的最小财报后波动幅度。 尽管这一幅度对应的市值波动约为2600 亿美元（超过标普 500 指数中约 90% 成分股的总市值），但从 百分比来看，远低于过去 12 个季度 7.6% 的平均预期波动。 这一期权隐含波动也低于英伟达过去三年财报后 **7.4%** 的实际平均涨跌幅。 "在个股波动率高于指数波动率的市场环境下，这种异常低的事件预期波动，让英伟达成为本周最受关 注的催化剂之一。" 今年以来，标普 500 指数一直在相对狭窄区间内运行（较上年收盘点位上下波动从未超过 2%），但个 股却出现大幅波动，因投资者担忧人工智能热潮可能以意想不到的方式重塑市场，从而抛售软件股。 分析师称，对英伟达财报后波动预期降温，或与该股近几个季度未能出现大幅波动有关。数据显示，过 ...

格隆汇2月25日｜英伟达股价盘前微涨0.8%，市场热切期待该公司即将公布的财报。市场普遍预期英伟 达每股收益为1.52美元，营收同比增长67%。XTB的凯瑟琳·布鲁克斯表示："预计将有一份重磅业绩报 告出炉，因为英伟达继续受益于超大规模企业的巨额资本支出。"布鲁克斯指出，英伟达股价在过去八 次季度财报发布后平均波动4%。Swissquote的伊佩克·奥兹卡德斯卡娅写道，强劲的业绩数据并不足以 鼓舞投资者。关键在于细节——现金流、应收账款、利润率以及前瞻性指引。 ...

Market Analysis by covering: Euro US Dollar, Crude Oil WTI Futures. Read 's Market Analysis on Investing.com ...

GTC 2026焦点或从Vera Rubin转向Feynman Chosun Biz的报道指向一个关键信号，英伟达准备在GTC 2026把叙事重心从Vera Rubin转向Feynman。 当前市场高度关注GTC大会。英伟达可能在GTC大会中抛出下一代芯片代号Feynman，并首次公开展 示采用台积电A16，1.6nm工艺的产品方向，这将把市场对其算力路线图的关注点，从Vera Rubin进一步 推向更远的周期。 据Wccftech援引韩国媒体Chosun Biz报道，英伟达的GTC 2026演讲规划已"超越Vera Rubin"，今年的大 会可能成为Feynman的首次公开亮相。GTC 2026将于3月15日开幕，活动回到美国加州圣何塞举行。 黄仁勋此前也表示，其主题演讲将展示"从未公开过"的技术。对投资者而言，这类表态往往意味着新一 轮产品节奏与关键供应链选择即将被确认，尤其是先进制程与封装形态的取舍。 如果Feynman确实采用台积电A16，Wccftech认为英伟达将成为该节点初期大规模量产阶段的首家，甚 至可能是唯一客户，这将把先进产能与良率爬坡的市场预期进一步绑定到英伟达。 同时，市场还在评估Fe ...

S&P 500 futures were up 0.14% this morning after the index closed up 0.77% yesterday, a sign that traders feel that Monday’s 1% decline on fears that AI will trigger an economic doom cycle was overcooked.Instead, the stock markets are looking forward to Nvidia’s Q4 2025 earnings call this evening. Nvidia has the largest market cap in the world ($4.7 trillion), it makes the high-end chips that the AI revolution depends upon, it earns more revenue from AI-related clients than any other company, and it is a bi ...

Meta strikes a deal to buy AMD chips, Trump's State of the Union address, Alcoa's plans to cash in on AI, and more news to start your day. ...

Core Insights - Paramount has made a sweetened offer, indicating a strategic move to enhance its competitive position in the market [1] - The private equity sector is experiencing a correction, which may impact investment strategies and valuations across various industries [1] Group 1: Paramount's Offer - The company has increased its bid, reflecting a proactive approach to attract potential investors and stakeholders [1] - This move may signal a shift in the company's strategy to strengthen its market presence and financial performance [1] Group 2: Private Equity Correction - The private equity industry is undergoing a significant correction, which could lead to adjustments in deal-making and investment approaches [1] - This correction may create both challenges and opportunities for investors looking to navigate the changing landscape [1]

Core Viewpoint - BMW is in discussions with the European Commission regarding a potential minimum pricing model to replace EU tariffs on its Chinese-made Mini electric vehicles, following a similar agreement for Volkswagen's SEAT/Cupra brand [1][2]. Group 1: Negotiations and Tariff Exemptions - BMW and the European Commission are negotiating a solution that involves a minimum import price to potentially exempt BMW's Chinese-made electric vehicles from tariffs [2]. - This negotiation follows an agreement between Brussels and Volkswagen, which secured a tariff exemption for its all-electric Tavascan SUV coupe [1][2]. Group 2: Current Tariff Situation - The EU imposed tariffs on China-made electric vehicles at the end of October 2024, with a specific tariff rate of 20.7% for BMW, which manufactures the electric Mini Cooper and Mini Aceman in China [3]. - BMW is also involved in a legal challenge against the EU tariffs alongside other car manufacturers [2].