台积电获得美国出口许可，使其在国际市场上的供应链稳定性得到保障，这为其持续向南京厂供应美国 产芯片制造设备铺平了道路。这一许可不仅有助于保持生产的连续性，也是台积电在全球市场竞争中的 重要一环。同时，英伟达与台积电就新芯片订单展开合作，进一步表明半导体行业对前沿技术的强烈需 求。 在技术竞争方面，台积电与三星在2纳米技术上展开激烈竞争。尽管三星推出了其自家2纳米GAA制 程，但业内普遍认为台积电在技术的可靠性和市场接受度上占据优势。随着台积电不断扩展其工厂和产 能，2纳米制程的市场应用将进一步扩大，俨然已成为半导体行业的新标杆。 展望未来，台积电的2纳米制程不仅有望在营收上超过3纳米和5纳米的总和，更将引领半导体行业的技 术变革。从投资的角度来看，台积电的技术创新和市场布局使其在全球半导体市场中占据了不可替代的 地位，具备长期价值。而那些追随台积电脚步的投资者也可能因此受益匪浅。 1月2日，台积电的股价再创新高，连续两天共上涨6.69%，成为市场关注的焦点。这一涨势的背后，不 仅仅是一次简单的股市波动，还蕴含着台积电在技术革新与市场布局上的多重努力。 台积电近期多项利好消息接踵而至。公司宣布将在2025年第四 ...

Group 1 - The core driver of the A-share market trend is internal factors, with external shocks only causing fluctuations [2][4] - After the policy measures implemented on September 24, 2024, the A-share market began an upward trend, with daily trading volume increasing from less than 500 billion to 3 trillion [2][4] - The two main sources of internal driving force are policy support, such as interest rate cuts and structural monetary tools, and significant capital inflow, with margin financing balances exceeding 2 trillion, a ten-year high [4][6] Group 2 - The A-share market is expected to face pressure next week, with potential stabilizing sectors identified as banks and power companies, which are considered dividend assets [6][8] - In terms of hedging, sectors like rare earths, military, and agriculture are preferred, while semiconductor stocks may have limited hedging value due to previous gains [10] - The technology sector, particularly in AI, domestic chips, and robotics, is highlighted for its high elasticity and potential for significant price movements [12][14] Group 3 - The upcoming "14th Five-Year Plan" is anticipated to provide clearer policy support for technology stocks, leading to increased market speculation [13] - Despite potential short-term adjustments, the long-term trends driven by macroeconomic and industry logic remain intact, presenting opportunities for investors [16]