Group 1: Market Overview - The US stock market indices reached new historical highs following the non-farm employment report, with the Nasdaq up 0.81%, S&P 500 up 0.65%, and Dow Jones up 0.48% for the week [1][2]. - The Russell 2000 index, representing small-cap stocks, also increased by approximately 0.8%, indicating a broad recovery in risk appetite [4]. Group 2: Non-Farm Employment Data - The US non-farm employment data showed a mixed picture, with an increase of only 50,000 jobs in December, below the market expectation of 60,000, marking one of the smallest increases since the pandemic [9]. - The unemployment rate recorded at 4.4% was slightly better than the expected 4.5%, suggesting that the job market has not "suddenly stalled" [9]. - The three-month moving average of employment showed a decline of about 22,000 jobs, raising concerns about future consumer spending [10]. Group 3: Interest Rates and Dollar Index - Following the non-farm data release, the probability of a rate cut in January dropped significantly from 11.6% to 2.8%, while the probability of maintaining the current rate rose from 88.4% to 97.2% [10]. - The dollar index increased by approximately 0.25% to 99.13, marking its second consecutive week of gains, reflecting a temporary retreat from expectations of further easing [11]. Group 4: Semiconductor and Storage Sector - The storage chip sector saw significant activity, with Micron Technology's stock rising over 5% to reach a historical high, driven by strong demand for AI servers [12][13]. - Analysts have raised Micron's target price to the range of $350-$400, with a report from Mizuho increasing it from $290 to $390, highlighting "AI accelerators + storage + equipment" as key investment areas for 2026 [16]. - SanDisk, another key player in the storage sector, has seen its stock price increase by over 550% since its re-listing, with a further rise of approximately 30%-35% in the first nine trading days of 2026 [17]. Group 5: Semiconductor Industry Dynamics - The semiconductor industry experienced a collective surge, with Intel, TSMC, and ASML all benefiting from increased investment in AI infrastructure [21]. - Intel's stock rose over 10%, reaching a nearly two-year high, following the announcement of its new Core Ultra Series 3 processors aimed at enhancing local AI capabilities [26]. - TSMC reported a 20.45% year-on-year revenue increase for Q4 2025, driven by AI chip orders, which are expected to support high capital expenditures in 2026 [26].

华见早安之声 请各位听众升级为见闻最新版APP，以便成功收听以下音频。 市场概述 美国最高法院暂未公布对特朗普关税的判决，非农就业数据好坏参半，标普500涨0.6%，创新高，纳指100涨1%。周五与关税高度相关的股票盘中下跌。英 特尔大涨超10%，CEO此前与特朗普会面。甲骨文涨近5%。 非农报告强化了市场对于美联储1月维持利率不变的预期，对利率敏感的2年期美债收益率上行4.39基点。 中国财政部：4月起取消光伏等249种产品增值税出口退税，明年起取消电池产品增值税出口退税。 美国12月非农增5万人不及预期，失业率降至4.4%，年度增幅创2020年以来新低。"新美联储通讯社"称12月非农就业给按兵不动铺路，交易员预 计1月几无可能。特朗普"泄密"，提前12小时发帖曝光美非农就业数据。 美元四连涨，升至一个月高点。美元兑日元一度涨穿158，报道称日本首相拟解散议会，为提前大选铺路。 加密货币周五走低，比特币一度跌破9万美元。比特币在周初强劲上涨后回吐涨幅，全周大致收平。 现货黄金价格上涨0.7%，重回4500美元上方，本周累计涨超4%、重新逼近历史高位。现货白银涨3.8%，本周飙升10%。由于伊朗加强了对国内抗 ...

智通财经APP获悉，周四，美国总统特朗普在白宫会见了英特尔(INTC.US)CEO陈立武。此前美国政府 已购买了这家芯片制造商的股份，两人在会面中讨论了该公司新系列处理器的进展情况。 自去年 3 月份出任首席执行官以来，陈立武迅速采取行动，试图稳固这家陷入困境的芯片制造商的业 务。除美国投资外，英伟达和软银集团也分别收购了价值数十亿美元的股份。 尽管这些交易推高了英特尔的股价，但公司仍需证明其新产品能够赢回失去的市场份额。陈立武在本周 的一个行业会议上表示，英特尔已按计划在 2025 年底开始出货首批 2 纳米以下(18A)产品。公司本身目 前在部分芯片制造方面仍依赖于台积电。 特朗普在帖子中表示，政府已经为"美国人民赚取了数百亿美元"，尽管目前美国持股的实际收益尚未达 到这一数额。 在去年 8 月份购买时，美国的持股价值为 57 亿美元。到目前为止，政府所有权的很大一部分仍取决于 未来的发展。如果纳税人目前通过一项复杂的协议拥有所有可用股份，那么这笔持股价值将达到 277 亿 美元。目前，公共持股价值略高于 110 亿美元。 特朗普在其 Truth Social 网络平台上发帖，赞扬了英特尔所取得的进展。自 ...

1月9日，市场震荡拉升，沪指高开高走突破4100点，深成指涨超1%。沪深两市成交额3.12万亿，较上一个交易日放量3224亿，时隔73个交易日后再度站上3 万亿大关，历史第五次突破3万亿成交量。盘面上，市场热点快速轮动，全市场超3900只个股上涨，连续2日超百股涨停。 从板块来看，AI应用概念集体爆发，二十余只成分股涨停，引力传媒5天4板，省广集团、会畅科技、粤传媒、易点天下涨停。商业航天概念早盘一度跳 水，但午后又获得资金踊跃承接，逾40股涨停或涨超10%，其中鲁信创投11天9板，金风科技10天6板，中国卫通9天5板，金风科技4连板，航天电子6天4 板。可控核聚变概念延续强势，弘讯科技、中国一重双双3连板。下跌方面，脑机接口概念下挫，美好医疗、倍益康跌超10%。截至收盘，沪指涨0.92%，深 成指涨1.15%，创业板指涨0.77%。 今日全市场（不含ST股、退市股）共94股涨停，连板股总数19只，46股封板未遂，封板率为67%。焦点股方面，AI应用端在志特新材20CM 5连板的带动下 爆发，将近40股涨停或者涨幅超10%，其中：快意电梯5连板，引力传媒5天4板，易点天下、迪安诊断、会畅科技、天龙集团、昆仑万 ...

智通财经1月9日讯，市场震荡拉升，沪指高开高走突破4100点，深成指涨超1%。沪深两市成交额3.12 万亿，较上一个交易日放量3224亿，时隔73个交易日后再度站上3万亿大关，历史第五次突破3万亿。盘 面上，市场热点快速轮动，全市场超3900只个股上涨，连续2日超百股涨停。从板块来看，AI应用概念 集体爆发，二十余只成分股涨停，引力传媒5天4板，省广集团、会畅科技、粤传媒、易点天下涨停。商 业航天概念反复活跃，鲁信创投11天9板，中国卫通9天5板，金风科技4连板，航天电子6天4板。可控核 聚变概念延续强势，弘讯科技、中国一重双双3连板。下跌方面，脑机接口概念下挫，美好医疗、倍益 康跌超10%。截至收盘，沪指涨0.92%，深成指涨1.15%，创业板指涨0.77%。 板块方面 AI应用全线爆发，广告营销、AI医疗、游戏等细分均涨幅居前。众诚科技、天龙集团、易点天下、昆 仑万维、引力传媒，吉视传媒等个股涨停。 消息面上，2025年AI应用在消费层的渗透快速推进。根据QuestMobile上月统计数据，原生AI市场中豆 包1.55亿周活稳居榜首，DeepSeek8000万+、元宝2000万+位列二三席；年底发布的阿里 ...

1月9日，A股三大股指开盘走势分化，其中沪指涨0.09%，报4086.76点，深成指跌0.3%，报13917.78 点，创业板指跌0.69%，报3279.38点，科创50指数跌0.89%，报1442.22点。国产航母、油气开采、商业 航天、军工板块涨幅居前，存储芯片、能源金属、煤炭板块跌幅居前。油气股大面积高开，中国石化竞 价涨停，石化机械、泰山石油、上海石化、统一股份涨幅靠前；商业航天板块反复活跃，远东股份4连 板，中国一重3连板，中衡设计、盛洋科技、巨力索具2连板，银河电子涨停，中信重工、海格通信、天 箭科技跟涨。 盘面上，市场焦点股锋龙股份（10板）竞价涨停，商业航天概念股神剑股份（14天10板）高开0.95%、 鲁信创投（10天8板）竞价涨停、金风科技（9天5板）高开9.99%，福建本地股鹭燕医药（15天8板）低 开0.98%，AI应用概念股志特新材（创业板4板）竞价涨停、南兴股份（6天5板）低开3.24%，脑机接口 概念股普利特（4板）高开6.75%、爱朋医疗（创业板4天3板）低开6.03%，核电板块远东股份（3板） 竞价涨停、国机重装（2板）高开8.91%。 公司新闻 派瑞股份：公司与某供应商及其 ...

另外，市场昨天稍早传出，台积电规划将台湾部分成熟制程设备转至世界先进新加坡12吋厂，进一步冲 刺先进制程、并为成熟制程升级至特殊制程挪出空间。 台积电（2330）扩大美国布局，昨（8）日公告斥资逾1.97亿美元（约新台币62.27亿元），向亚利桑那 州州政府取得新土地，以供美国厂扩大营运与生产。 市场并传出，台积电有意将部分台湾成熟制程设备转至世界先进新加坡12吋厂，借此腾出更多空间设置 新机台，扩大台湾先进制程产能。 台积电表示，新取得亚利桑那州土地，主要供营运与生产使用，惟该公司目前处于法说会前缄默期，不 评论台湾成熟制程设备转至世界先进星国厂区传言。世界先进也不评论相关设备移转消息。法人指出， 若传言为真，意味台积电台美先进制程布局同步催速，有助推升后续业绩。 台积电董事长魏哲家曾在去年10月的法说会上透露，正加大美国布局，将于亚利桑那州再取得一块大面 积土地，以支持目前的拓展计划并提供更多弹性，并借此应对非常强劲的AI相关长期需求。 台积电昨天落实魏哲家的说法，公告美国子公司TSMC Arizona向亚利桑那州州政府取得新土地，该土 地座落于Southwest corner of 43rd Avenu ...

Group 1: AI Chip Industry - The AI chip market in China is projected to grow from CNY 142.54 billion in 2024 to CNY 1,336.79 billion by 2029, driven by government support and technological advancements in the domestic AI industry [5][6]. - The domestic AI industry is categorized into three stages: the first focuses on self-sufficient AI computing, storage, and power chips; the second on chip manufacturing processes like wafer fabrication and packaging; and the third on foundational technologies such as materials and EDA [6][8]. - Key players in the AI chip market include Huawei, Cambricon, and Haiguang Information, with significant growth expected in AI storage and computing chips [6][7]. Group 2: Banking Sector - The banking sector is expected to see a steady growth of CNY 3.8 trillion in wealth management products by 2026, with a year-on-year increase of 11.46% [11]. - The demand for short-term wealth management products is rising, particularly non-current management products with a duration of less than one month, which are expected to yield annualized returns close to 3-year fixed deposit rates [12]. - Major banks like Citic Bank and Everbright Bank are recommended for their diversified product lines and strong research capabilities, while other banks such as SPDB and Bank of Beijing are also seen as beneficiaries [15]. Group 3: High-end Membrane Materials - The Chinese high-end membrane materials industry is poised for rapid growth due to geopolitical tensions and the shift of the global optoelectronic industry towards China, with a focus on breaking Japan's technological monopoly [19][20]. - Key domestic companies in this sector include Dongcai Technology and Jiemai Technology, which are expanding their production capacities and entering supply chains of major clients [20]. - The market for optical films and release films is characterized by high technical barriers, with significant opportunities for domestic manufacturers to capture market share from established foreign competitors [20][21]. Group 4: Semiconductor Equipment and Materials - The semiconductor materials and equipment sector is expected to accelerate its domestic capabilities due to increased geopolitical risks and supply chain security concerns, with a focus on self-sufficiency [29][30]. - Key areas for growth include photoresists and coating equipment, where domestic companies are beginning to establish a foothold in high-end markets [31][32]. - Beneficiaries in this sector include companies like Tongcheng New Materials and Changchuan Technology, which are positioned to capitalize on the growing demand for domestic semiconductor solutions [33]. Group 5: Animal Health Industry - The company is a leading player in the animal health sector, with a strong pipeline of vaccines, including the upcoming launch of a novel African swine fever vaccine, which is expected to significantly enhance profitability [34][36]. - The company has a robust R&D framework, with a focus on innovation and a diverse range of vaccine products, which positions it well for future growth [35]. - The anticipated market for the African swine fever vaccine could reach CNY 8.4 billion annually, providing a substantial growth opportunity for the company [36].

⑦ 【特朗普：将禁止机构投资者购买更多单户住宅】据新华财经，美国总统特朗普7日通过社交媒体表示，他正在立即采取措施禁止大型机构投资者购买 更多单户住宅，以应对太多人负担不起购房的问题。 每经记者｜宋欣悦 每经编辑｜程鹏 高涵 ① 【三大期指普跌】截至发稿，道指期货跌0.23%、标普500指数期货跌0.15%、纳指期货跌0.23%。 ② 【脑再生科技盘前续涨27%】脑再生科技美股盘前继续上涨27%，此前3日累计上涨157%。消息上，马斯克日前"量产预告"催化，导致脑机接口概念大 爆发。 ③ 【特朗普呼吁大幅增加国防预算，国防军工股盘前普涨，洛克希德·马丁涨超7%】国防军工股盘前普涨，诺斯罗普·格鲁曼、洛克希德·马丁涨超7%，雷 神技术涨超5%。消息面上，据央视新闻，当地时间1月7日，特朗普表示，2027年美国军事预算不应该是1万亿美元，而应该是1.5万亿美元。 ④ 【摩根大通将取代高盛，成为苹果信用卡新发行方】当地时间1月7日，苹果公司宣布，摩根大通将成为苹果信用卡的新发行方，取代之前的合作方高 盛。苹果表示，这一过渡可能需要24个月的时间。 ⑤ 【商务部回应审查Meta收购Manus】据新华社，商务部8日举行 ...

Group 1 - The core viewpoint of the report is that due to severe supply constraints, the market's earnings expectations for Asian AI semiconductor and server supply chain companies will continue to be revised upward this year [1] - TSMC is expected to achieve potential revenue growth of 25% to 30% in USD this year, leveraging a relatively cautious capacity expansion plan amid strong demand led by Nvidia and Broadcom in the AI logic semiconductor industry [1] - Nomura maintains its capital expenditure forecast for TSMC at $45 billion to $50 billion for 2026, but anticipates an acceleration to $55 billion to $60 billion in 2027 due to limited cleanroom capacity [1] Group 2 - TSMC's gross margin is expected to reach 61.5% in 2026 to 2027, driven by higher loads, platform optimization (more HPC), and increasing urgent orders due to strong customer demand amid severe supply constraints [1] - Earnings per share forecasts for TSMC have been raised by 15% and 19% for this year and next year, respectively, with the target price for TSMC stock increased from NT$1855 to NT$2135, reaffirming a "buy" rating [1]