智通财经APP获悉，英伟达(NVDA.US)周一完成了一笔备受关注的交易，以约50亿美元的总价收购英特 尔股票，每股作价23.28美元，较英特尔(INTC.US)上周五收盘价折让约36%。该交易已于本月早些时候 获得美国联邦贸易委员会(FTC)批准。 消息公布以来，英特尔股价累计上涨约45%。截至周一收盘，英特尔上涨1.33%，英伟达跌1.21%。 此次入股也被视为对英特尔的一次关键"输血"。近年来，英特尔在数据中心和先进制程领域持续落后， 眼看着英伟达以及台积电(TSM.US)等竞争对手迅速拉开差距。数据显示，英特尔在数据中心设备市场 的份额已从2021年的约70%，骤降至最近一个季度的7%。 分析人士指出，这笔投资不仅为英特尔提供了急需的资金支持，也在战略层面为其争取了与AI生态核 心厂商更深度合作的机会。 不过，双方并未就一个关键问题作出说明：英伟达是否会使用英特尔仍在承压的晶圆代工业务来生产其 芯片。目前，英伟达芯片主要由台积电代工。英伟达方面拒绝就相关项目进展发表评论，英特尔也尚未 回应媒体的置评请求。 投资者普遍将此举解读为英伟达向英特尔投下的一张"信任票"。今年以来，英特尔已获得多方资金支 持， ...

当地时间10月29日，美国知名芯片企业英伟达股价突破212美元，市值突破5万亿美元，成为全球首家市 值达到5万亿美元的上市公司。技术垄断、需求爆发、商业模式创新等因素驱动公司财务指标持续保持 高速增长，并刺激公司股价上涨。截至12月26日，公司最新市值为4.63万亿美元。 （文章来源：证券时报） ...

英伟达成全球首家市值达到5万亿美元的上市公司。 当地时间10月29日，美国知名芯片企业英伟达股价突破212美元，市值突破5万亿美元，成为全球首家市 值达到5万亿美元的上市公司。技术垄断、需求爆发、商业模式创新等因素驱动公司财务指标持续保持 高速增长，并刺激公司股价上涨。截至12月26日，公司最新市值为4.63万亿美元。 ...

《公告全知道》每周日至每周四推送明日股市重大公告！内容包含"停复牌、增减持、投资中标、收 购、业绩、解禁、高送转"等一系列个股利好利空公告，其中重要公告均以红色标注，帮助投资者提前 寻找到投资热点，防范各类黑天鹅事件，并且有充足的时间进行分辨和寻找合适的上市公司。 ①商业航天+人工智能+芯片+信创+军工+数字经济！这家公司产品助力中国首次火星探测"天问一号"成功 发射；②商业航天+机器人+算力+航空发动机+云计算！这家公司与蓝箭航天合作累计订单额数千万，与 某航天卫星企业围绕算力与AI场景应用展开合作；③人形机器人+可控核聚变+第三代半导体！公司长期深 耕GaN在人形机器人关节电机驱动上的产业化应用。 前言 ...

Summary of Key Points from Conference Call Records Industry and Company Overview - The conference call discusses the impact of AI on global markets, particularly in the US, China, Hong Kong, and other Asian markets, highlighting the significant role of the AI industry chain, including sectors like chips, storage, electricity, and non-ferrous metals in driving market growth [1][5]. Core Insights and Arguments Economic Performance - The US economy showed strong growth in Q3 2025, with a quarter-on-quarter annualized GDP growth of 4.3% and a nominal growth rate exceeding 8%, with AI contributing nearly 1% to GDP [1][6]. - Consumer resilience remains strong, but a weak job market poses risks, with unemployment potentially rising to 4.8%, raising recession concerns [1][6]. Market Dynamics - The AI sector has led to a revaluation of stocks, particularly in Hong Kong, although the Hang Seng Tech Index has corrected by 15%-20% from its peak, indicating short-term volatility risks [1][5]. - The US credit cycle is expected to recover by 2026, with potential overheating risks [1][6]. Policy Impacts - Trump's policies, particularly regarding tariffs, have influenced market sentiment and economic growth, with the effective tax rate being lower than initially feared, thus having a minimal impact on inflation [1][8]. - The upcoming midterm elections may affect policy execution, particularly if the Republican Party loses control of the House [1][8]. Federal Reserve Actions - The Federal Reserve's hesitant approach to interest rate cuts is seen as beneficial for sectors like real estate and manufacturing, with moderate cuts expected to stimulate demand without significantly impacting inflation [1][9]. - The new Fed chair's dovish stance may reflect in long-term rates, potentially boosting economic demand [1][9]. AI Bubble Concerns - While there are concerns about an AI bubble, current demand and investment levels do not yet reflect the extremes seen in past bubbles, suggesting that while expectations are high, they are not unsustainable at this point [1][7]. Additional Important Insights Currency and Trade - The Chinese market's growth has been primarily driven by valuation, with the tech hardware sector contributing significantly to profits. Future growth will depend on earnings rather than just valuation [1][13]. - The Chinese government is implementing supply-side policies to boost consumption, including removing restrictive measures and increasing the supply of quality goods and services [1][4][27]. Market Trends and Investment Strategies - The investment strategy for the upcoming year suggests a shift from valuation-driven to earnings-driven growth, with a focus on large-cap growth stocks and potential opportunities in cyclical sectors related to real estate [1][22][24]. - The liquidity situation in the US has improved due to the Fed's actions, which is expected to support the stock market [1][10]. Consumer Behavior and Economic Outlook - Consumer spending is expected to be affected by high base effects and declining purchasing power, with the real estate sector's downturn exacerbating consumption weakness [2][13][14]. - The outlook for the real estate market shows significant differentiation, with second-hand home prices declining while the high-end new home market remains active [1][14]. Global Investment Landscape - The global investment landscape in 2025 is expected to be bullish for most asset classes, with emerging markets like South Korea and China's ChiNext showing strong performance [3][5]. This summary encapsulates the key points discussed in the conference call, providing insights into economic performance, market dynamics, policy impacts, and future investment strategies across various sectors.

Core Viewpoint - The Hong Kong stock market is witnessing a surge in new listings, with several companies, including AI-driven biotech firm Insilico Medicine and GPU-focused Bitmain Technology, set to debut soon, indicating a growing interest in innovative technology sectors [1][4]. Group 1: Insilico Medicine - Insilico Medicine's stock price soared by 201% during the dark trading phase, reaching a peak of 72.30 HKD before closing at 36.86 HKD, reflecting a significant market interest [2]. - The company utilizes its proprietary Pharma.AI platform to accelerate drug discovery, integrating AI and automation to address unmet medical needs in areas such as fibrosis and oncology [2][3]. - Insilico's revenue projections show growth from 30.15 million USD in 2022 to 85.83 million USD in 2024, with adjusted net losses decreasing from 70.80 million USD to 22.67 million USD over the same period [3]. Group 2: Other New Listings - Other companies listing on December 30 include Lin Qingxuan, Meilian Holdings, Xunce Technology, Woan Robotics, and Wuyishijie, with notable price movements observed in the dark trading phase, such as Wuyishijie rising over 50% and Meilian Holdings over 30% [3]. - By the end of the dark trading session, Wuyishijie, Meilian Holdings, and Lin Qingxuan recorded increases of 23.54%, 18.31%, and 18.75% respectively, while Xunce Technology and Woan Robotics experienced declines [3]. Group 3: Bitmain Technology - Bitmain Technology is set to become the first GPU company listed on the Hong Kong Stock Exchange on January 2, 2026, with a significant oversubscription of 1,890 times for its public offering, raising approximately 2.43 billion HKD [5][6]. - The company focuses on developing general-purpose graphics processing units (GPGPU) and intelligent computing solutions, which are essential for AI applications [5][6]. - Bitmain's revenue is projected to grow from 500,000 HKD in 2022 to 337 million HKD in 2024, despite facing substantial adjusted net losses [6].

1、持续深化公平竞争治理等，市场监管总局部署明年重点任务 重要程度：★★★★★ 据市场监管总局网站，12月28日至29日，全国市场监管工作会议在北京召开。会议总结2025年工作，分析 当前形势，部署2026年重点任务，其中包括： 持续深化公平竞争治理，加力破除行政性垄断，加强反垄断反不正当竞争执法，深入整治"内卷式"竞争。 3、国投白银LOF：将于12月30日开市起至当日10:30停牌 重要程度：★★★ 推动提高经营主体发展质量，完善市场准入退出制度，提升经营主体信用水平，强化知识产权和商业秘密 保护。 强化平台经济常态化监管，压实平台企业"守门人"责任，突出抓好平台规则治理，加快平台监管"一库一码 一系统"建设。 落实落细市场监管领域安全监管措施，创新食品安全监管方式，强化药品安全风险防控，丰富工业产品监 管手段，狠抓特种设备行业治理。 不断深化国际交流合作，强化规则标准互联互通，主动服务我国企业出海，深度参与国际组织工作。 2、自2026年1月1日起，我国调整部分商品关税税率税目 重要程度：★★★★ 国务院关税税则委员会发布《2026年关税调整方案》，将自2026年1月1日起实施。为增强国内国际两个市 场 ...

证券日报网讯12月29日，成都华微在互动平台回答投资者提问时表示，2025年8月，公司已与燧原科技 签署战略合作协议，双方围绕大模型、高算力GPU芯片在高可靠领域展开深度合作，共同推动人工智能 技术在高可靠领域的应用与创新。此次合作旨在整合双方优势资源，在技术研发、产品应用及市场拓展 等方面形成协同效应，加速国产AI算力技术的发展与落地。基于公司市场开拓需求，该算力能力可以 广泛应用于模型训练、太空算力、端测推理等领域，相关业务进展公司将严格遵循信息披露规定，在达 到披露标准后及时公告。 ...

Core Viewpoint - The company is actively monitoring capital market policies to optimize its industrial layout and promote sustainable, stable, and high-quality development [1] Group 1 - The company is committed to following relevant laws and regulations regarding any potential asset injection events [1] - The company will fulfill its information disclosure obligations in a timely manner if such events occur [1]

| 港股通(沪)活跃成交股 | | --- | | HK 09988 | 11.4416 | 13.5316 | -2.10亿 | | --- | --- | --- | --- | | 中芯国际 | 12.10亿 | 5.21亿 | 17.31亿 | | HK 00981 | | | +6.89 亿 | | 小米集团-W | 8.04 亿 | 7.57亿 | 15.61亿 | | HK 01810 | | | +4676.56万 | | 美团-W | 4.55亿 | 6.06亿 | 10.61亿 | | HK 03690 | | | -1.50 亿 | | 中国海洋 ... | 3.05亿 | 5.34亿 | 8.38亿 | | HK 00883 | | | -2.29 Z- | | 中国移动 | 2.23亿 | 5.94亿 | 8.17亿 | | HK 00941 | | | -3.71 乙 | | 紫雯贴,不 | 2.60亿 | 4.40亿 | 7.00亿 | | HK 02899 | | | -1.80 亿 | | 优必选 | 3.01亿 | 3.55亿 | 6.55亿 | | HK 09880 | ...