格隆汇9月2日｜A股三大指数早盘集体下跌，截至午盘，沪指跌0.79%，深成指跌2.21%，创业板指跌2.9%，北证50指数跌1.28%，沪深京三市半日成交额 19304亿元，较上日放量840亿元。全市场超4400只个股下跌。板块题材方面，算力硬件、军工装备、消费电子、数字货币概念股跌幅居前；贵金属、银行、 旅游及酒店板块表现相对活跃。 ETF方面，标普消费ETF涨2.86%。大金融板块表现活跃，华夏基金港股通金融ETF、银行ETF天弘和银行ETF南方分别涨1.42%、1.29%和1.26%。公用事业 板块走高，嘉实基金绿色电力ETF和鹏华基金公用事业ETF分别涨1.1%和1.01%。 昨日溢价涨停的新能源车电池ETF跌9.97%，AI硬件板块全线回调，通信设备ETF跌6.49%，创业板人工智能ETF国泰、创业板人工智能ETF华宝均跌6%。云 50ETF、云计算ETF广发均跌5.4%。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容的准确性、可靠性或完整性提供任何明 示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱：news_center@sta ...

9月1日早盘，A股存储器、AI算力、光模块CPO等概念再度领涨市场，光模块CPO权重占比超51%的创 业板人工智能指数盘中一度涨超4%，持仓股全志科技、东土科技、北京君正、光环新网、中际旭创等 纷纷走强。 截至9：37，同类费率最低的创业板人工智能ETF华夏（159381）盘中成交额快速突破1亿元。近5个交 易日，该ETF获得资金净申购近2亿元。 消息面上，阿里巴巴发布最新财报显示，二季度资本开支高达386亿元，创历史新高，云收入增长继续 加速至26%，AI相关产品收入已连续8个季度实现三位数同比增长。国盛证券表示，阿里已建立AI全栈 技术能力：基础设施方面阿里云全球布局持续扩展；模型创新方面近期通义连续斩获基础模型、编程模 型、推理模型等主流领域全球开源冠军；AI应用方面高德地图、钉钉完成AI升级，淘宝也升级AI搜 索、AI广告平台；阿里AI芯片或迎突破，面向广泛的AI推理任务，与英伟达的架构兼容，由国内企业 代工生产。 国内大厂算力开支提速，产业链再迎重磅催化。创业板人工智能ETF华夏（159381）：跟踪创业板人工 智能指数（970070.CNI），精准布局AI产业链龙头，聚焦高景气AI算力（光模块CP ...

Investment Rating - The report maintains a constructive outlook on shares of Amphenol Corp (APH), Dell Technologies (DELL), Corning Inc (GLW), Hewlett Packard Enterprise (HPE), and the memory/disk drive sector including Seagate Technology (STX), Western Digital Corp (WDC), and SanDisk Corp (SNDK) [4]. Core Insights - The upcoming Citi's 33rd annual Global Technology Conference will feature over 240 technology companies, focusing on updates regarding customer and enterprise demand dynamics, as well as supply chain conditions [1]. - Key investor questions include the impact of Generative AI on infrastructure spending, enterprise spending intentions, consumer spending trends, margin impacts from rising component costs, and capital allocation strategies [2][3]. Company Summaries - **Amphenol Corp (APH)**: Current price at $109.36 with a market cap of $133.52 billion. The target price is set at $125.00 with an expected share price return of 14.3% [7]. - **CDW Corp (CDW)**: Current price at $167.00 with a market cap of $21.89 billion. The target price is $200.00 with an expected share price return of 19.8% [7]. - **Corning Inc (GLW)**: Current price at $65.77 with a market cap of $56.34 billion. The target price is $72.00 with an expected share price return of 9.5% [7]. - **Dell Technologies (DELL)**: Current price at $130.84 with a market cap of $88.50 billion. The target price is $160.00 with an expected share price return of 22.3% [7]. - **Hewlett Packard Enterprise (HPE)**: Current price at $22.45 with a market cap of $29.46 billion. The target price is $25.00 with an expected share price return of 11.4% [7]. - **SanDisk Corp (SNDK)**: Current price at $46.37 with a market cap of $6.76 billion. The target price is $57.00 with an expected share price return of 22.9% [7]. - **Seagate Technology (STX)**: Current price at $159.19 with a market cap of $33.86 billion. The target price is $167.00 with an expected share price return of 4.9% [7]. - **Western Digital Corp (WDC)**: Current price at $76.97 with a market cap of $26.70 billion. The target price is $88.00 with an expected share price return of 14.3% [7].

August 28, 2025 05:28 PM GMT Investor Presentation | Asia Pacific M Foundation Greater China Technology Hardware: Navigating AI Demand into 2026 Morgan Stanley Taiwan Limited+ Howard Kao Equity Analyst Howard.Kao@morganstanley.com +886 2 2730-2989 Greater China Technology Hardware Asia Pacific Industry View In-Line Morgan Stanley does and seeks to do business with companies covered in Morgan Stanley Research. As a result, investors should be aware that the firm may have a conflict of interest that could aff ...

The U.S. government will take a 10% stake in hardware manufacturer Intel, whose technology has been used by sanctioned Chinese surveillance and facial recognition firms.Read more: https://t.co/IQf4ISEnMH https://t.co/HNnl4KTzhs ...

Core Insights - U.S. stock indices rose over 1.5% on August 22, 2025, following Federal Reserve Chair Jerome Powell's indication of a potential interest rate cut next month, leading to increased trader optimism and a notable rise in Wall Street [1][10] Investment Strategy - Investors are encouraged to consider low-leverage stocks such as NatWest Group, Sterling Infrastructure, Luxfer Holdings, Evercore, and Hillman Solutions Corp. as safer investment options due to their lower risk profile [2][10] - The focus on low-leverage stocks is based on the understanding that companies with excessive debt financing may face significant losses during economic downturns [5][6] Low-Leverage Stocks - Leverage refers to the practice of borrowing capital for operations and expansion, typically through debt financing, which can pose risks if returns do not exceed interest costs [4][5] - A lower debt-to-equity ratio indicates improved solvency and reduced financial risk for a company, making it a crucial metric for investors [7][9] Company Highlights - **NatWest Group (NWG)**: Announced a £140 million lending for essential upgrades to the UK's Haweswater Aqueduct, with a projected 20.1% sales improvement for 2025 and a long-term earnings growth rate of 10.9% [15][16] - **Sterling Infrastructure (STRL)**: Reported a 21% year-over-year revenue increase and a 40.8% surge in earnings per share for Q2 2025, with a projected 45.9% earnings improvement for 2025 [17][18] - **Luxfer Holdings (LXFR)**: Achieved a 5.8% increase in adjusted net sales and a 25% rise in adjusted earnings per share for Q2 2025, with a long-term earnings growth rate of 8% [19][20] - **Evercore (EVR)**: Reported a 20.7% increase in adjusted revenues and a 30.4% rise in earnings for Q2 2025, with a projected 15.9% sales improvement for 2025 [20][21] - **Hillman Solutions (HLMN)**: Experienced a 6.2% sales increase and a 6.3% growth in adjusted earnings per share for Q2 2025, with a projected 6.6% sales improvement for 2025 [22][23]

Investment Rating - The report suggests a focus on leading domestic generative large model companies such as iFlytek, and AI hardware is expected to become a new carrier for application implementation, with recommendations to pay attention to Hikvision, Rainbow Soft Technology, and Hesai [3] Core Viewpoints - The AI industry chain, intelligent driving, domestic substitution, and overseas expansion are expected to have relatively better prosperity, with profit margins benefiting from cost savings driven by AI empowerment [5][13] - The report anticipates a significant increase in AI application deployment in the second half of the year compared to the first half, with a focus on hardware-software integration, C-end software, B-end enterprise services, and G-end large model deployments [5][13] - The report identifies high-prosperity sectors for 2025, including AI computing power and lidar, while sectors like industrial software and medical IT are expected to face pressure [14][11] Summary by Sections Industry Overview - The report highlights the release of the end-to-end dual-system full-body intelligent VLA model by Starry Sky Map, which features a dual-system structure for high-level reasoning and low-level action modules [5][13] - NVIDIA has released a series of AI technology achievements and tools, including the Cosmos Transfer-2 world model and the Cosmos Reason model, which are expected to support advancements in physical AI and robotics [5][13] Market Performance - From August 11 to August 15, 2025, the computer industry index (Shenwan) rose by 5.3%, outperforming the CSI 300 index by 3.01 percentage points [15] - The report notes that the average daily trading volume in the A-share market increased by 246.6% year-on-year during this period [21] Sector Analysis - The report categorizes the prosperity of various sectors, indicating that AI computing power and lidar maintain high prosperity, while sectors like education IT and enterprise services are at an inflection point for growth [11][14] - The report emphasizes the importance of software outsourcing, financial IT, quantum computing, and data elements as stable growth areas, while sectors like industrial software and medical IT are under pressure [14]

Core Viewpoint - Recently, Qinhuangdao Dali Jiacheng Technology Co., Ltd. was established with a registered capital of 500,000 RMB, indicating a focus on various technology and manufacturing services [1] Company Overview - The legal representative of the company is Liu Guanghui [1] - The registered capital of the company is 500,000 RMB [1] Business Scope - The company operates in a wide range of sectors including: - Technology services, development, consulting, exchange, transfer, and promotion [1] - Wholesale and retail of hardware products [1] - Manufacturing and research of hardware products [1] - Production and sales of rubber products and related equipment [1] - Manufacturing and retail of automotive and motorcycle parts [1] - Production and sales of battery accessories [1] - Human resources services excluding certain activities [1] - Labor services excluding labor dispatch [1]

Start with the focus. What can we expect. You know, Apple is a hardware company, right.All these companies charge LPT, Google, Gemini, Microsoft. They have all these AI features. But from a consumer standpoint, it really hasn't been monetized.How how does Apple monetize its products. Well, by selling hardware or getting people to go to Apple stores and buy new stuff every year or two. And so they're going to replay that strategy when it comes to artificial intelligence.And the way they see AI is by integrat ...

8月12日，松景科技(01079)盘中上涨10.59%，截至14:39，报0.47元/股，成交1671.65万元。 松景科技控股有限公司是一家全球性的科技公司，主要经营业务包括设计和制造图像显示适配器和电源 供应器，以及开发高性能的个人计算机组件和外设等创新技术产品。公司在全球13个地方拥有超过300 名员工，产品销售、推广和技术支持中心遍布北美、欧洲和亚洲，且在超过50个国家拥有分销商。 本文源自：金融界 作者：行情君 截至2024年中报，松景科技营业总收入1.3亿元、净利润-632.21万元。 ...