在年末的钟声即将敲响之际，全球金融市场再次展现了其变幻莫测的一面。美股市场在经历了一波连涨 之后，于周五（12月26日）出现了窄幅震荡，三大指数集体微跌，为全年的行情画上了一个暂时的逗 号。与此同时，贵金属市场却异军突起，金银价格同步创下历史新高，成为年末市场的一大亮点。 美股震荡，科技股与芯片股表现分化 周五，美股市场呈现出窄幅震荡的态势，道琼斯指数微跌0.04%，报48710.97点；标普500指数下跌 0.03%，收于6929.94点；纳斯达克综合指数也下滑0.09%，至23593.10点。尽管三大指数均有所回落， 但市场分析人士指出，这更多是技术性调整和仓位布局的结果，而非基本面出现重大变化。 在个股方面，大型科技股表现分化。英伟达凭借与AI芯片初创公司Groq的技术授权协议及人才招揽， 股价上涨超过1%，收于11月13日以来的最高水平。然而，特斯拉、脸书、谷歌、苹果和微软等科技巨 头则纷纷下跌，跌幅在0.06%至2.1%之间。芯片股方面，费城半导体指数微涨0.05%，但个股表现参差 不齐，台积电涨超1%，而ARM和恩智浦半导体则下跌超过1%。 | 名称 | 现价 | 涨跌 -- | | --- | ...

市场普遍将此举类比为Meta Platforms(MEA.US)在2012年收购Instagram。这是一笔典型的防御性交易， Meta创始人扎克伯格担心新兴社交平台威胁Facebook的核心地位。事后证明，这一布局不仅化解了竞争 风险，还为Meta带来了更年轻的用户群体。如今，英伟达投资Groq，同样被视为"先下手为强"的防守策 略。 不过，这一选择也隐含着英伟达对未来竞争的判断变化。分析人士认为，此举在维持公司长期增长潜力 的同时，也意味着英伟达正在为可能下降的盈利能力做准备。 过去两年，英伟达GPU一直是AI革命的"主力引擎"。自2022年11月ChatGPT问世前，公司单季营收仅约 59亿美元，而在最新一个季度已接近其10倍。其最新季度73%的毛利率，更凸显了在AI训练领域几乎无 可撼动的市场地位。 GPU的优势在于"通用性"，既能用于大模型训练，也能承担推理任务(如聊天机器人、图像生成等)。但 随着AI应用落地，推理正在成为算力需求增长最快的环节，而竞争也正是在这里加速。 早在2015年，谷歌(GOOG.US，GOOGL.US)就推出了自研的TPU，微软(MSFT.US)和亚马逊(AMZN.US) ...

根据灼识咨询提供的数据，华大北斗在全球GNSS芯片及模组市场上的表现尤为亮眼。2024年，该公司以出货量计，全球排名第六，国内排名第二，市场 份额达到了4.8%。而在收入方面，华大北斗同样跻身全球前列，排名第八，国内第三，市场份额约为1.1%。值得一提的是，在双频高精度射频基带一体 化GNSS定位芯片及模组领域，华大北斗更是以全球第四、国内第一的排名，占据了约10.5%的市场份额。有分析指出，国内排名第一的公司F很可能是北 斗星通。 | 纂]項下的[编纂]數目 | ። | [编纂]股H股(視乎[编纂]與否而定) | | --- | --- | --- | | [编纂]數目 | ። | [编纂]股H股(可予[编纂]) | | [编纂]數目 | : | [编纂]股H股(可予[编纂]及視乎[编纂]與否而定) | | 最高[編纂] | : | 毎股H股[編纂]加1.0％經紀佣金、0.0027％證監會交易費 | | | | 費、0.00565％聯交所交易費及0.00015%會財局交易徵 | | | | 費(須於申請時以港元繳足,多繳股款可予退還) | | 面值 | : | 每股H股人民幣1.00元 | | | [編纂] ...

责任编辑：张俊 SF065 美光科技（MU）周五尾盘下跌0.4%。券商韦德布什（Wedbush）称该公司的服务器与存储芯片需求尚 未出现放缓迹象。 美光科技（MU）周五尾盘下跌0.4%。券商韦德布什（Wedbush）称该公司的服务器与存储芯片需求尚 未出现放缓迹象。 责任编辑：张俊 SF065 ...

Core Insights - Nvidia has acquired a non-exclusive license for technology from AI chip startup Groq, which includes key personnel joining Nvidia [1][2] - The deal is valued at $20 billion, significantly higher than Groq's previous valuation of $6.9 billion in September 2024 [1][5] Group 1: Technology and Product Details - The technology license covers Groq's inference technology, specifically its flagship Language Processing Unit (LPU), which claims to be ten times more efficient than Nvidia's and AMD's GPUs in terms of energy consumption [3] - Groq's LPU can process inference workloads at ten times the speed of GPUs while consuming only one-tenth of the energy [3] - The LPU's efficiency is attributed to its deterministic design, which allows precise control over computation timing, addressing issues like "crystal-based drift" that can slow down AI inference processes [4] Group 2: Strategic Implications - Nvidia's CEO Jensen Huang stated that integrating Groq's low-latency processors into Nvidia's AI factory architecture will expand capabilities for AI inference and real-time workloads [2] - The collaboration is seen as a way to maintain competitive dynamics in the AI processing market, especially as major clients are developing their own AI processors [7] - Despite losing key leadership, Groq will continue to operate independently, with its CFO Simon Edwards stepping in as CEO [4] Group 3: Financial Outlook - Groq anticipates reaching $500 million in revenue by the end of 2024, supported by its GroqCloud platform, which offers chip usage services and an open-source AI model library [6]

Market Overview - On the first trading day after Christmas, U.S. stock indices opened mixed, with the Nasdaq up 0.14% and the S&P 500 up 0.08%, while the Dow Jones fell 0.03%. However, all three indices dropped later, with the Chinese tech index showing strong performance, rising by 1% [1] Stock Performance - The current prices and changes for major indices are as follows: - Dow Jones Industrial Average: 48687.83, down 43.33, -0.09% - Nasdaq Index: 23580.76, down 32.55, -0.14% - S&P 500: 6927.56, down 4.49, -0.06% - Nasdaq 100: 25635.91, down 20.24, -0.08% - Chinese Tech Index: 4358.68, up 43.27, +1.00% [2] Notable Stocks - Nvidia shares rose nearly 1.5% after the U.S. government allowed the company to sell H200 AI chips to China. Additionally, Nvidia announced a $20 billion acquisition of AI chip startup Groq, marking the largest deal in history [2] - Sidus Space, a space concept stock, initially surged over 40% and has seen a cumulative increase of over 160% this week [2] Chinese Tech Stocks - Chinese tech stocks saw significant gains, with Dingdong Maicai rising over 20%, Xiaopeng up over 7%, and Li Auto up over 2%. Other notable stocks like NIO, Bilibili, Baidu, Alibaba, and JD.com also experienced increases [3][4] Commodity Market - Gold and silver prices continued to rise, with spot gold surpassing $4527 and spot silver reaching $75, marking the highest premium levels since 1980. Copper futures also hit a historical high, with a nearly 2% increase [7][8] Cryptocurrency Market - The cryptocurrency market saw declines, with Bitcoin falling below $87,000 and Ethereum dropping below $3,000. Over 95,000 traders faced liquidation in the past 24 hours [9]

Market Overview - On the first trading day after Christmas, U.S. stock indices opened mixed, with the Nasdaq up 0.14% and the S&P 500 up 0.08%, while the Dow Jones fell 0.03%. However, all three indices dropped later, with the Chinese tech index showing strong performance, rising by 1% [1][2]. Company Highlights - Nvidia shares rose nearly 1.5% after U.S. President Trump announced that the government would allow Nvidia to sell H200 AI chips to China. Additionally, Nvidia's acquisition of AI chip startup Groq for approximately $20 billion set a record for the largest deal ever [2]. - Sidus Space, a space concept stock, initially surged over 40% and had a cumulative increase of over 160% for the week, although it later retreated to a 24% gain [3]. - Chinese tech stocks saw significant gains, with Dingdong Maicai rising over 20%, Xiaopeng up over 7%, and Li Auto and NIO both increasing by over 2% [3][4]. Commodity and Precious Metals - Gold and silver futures prices continued to rise, with spot gold surpassing $4,527 and spot silver reaching $75, marking the highest premium levels since 1980. Copper futures also hit a historical high, with a nearly 2% increase [7][9]. - Palladium experienced a significant increase of 10%, reaching $1,865.13 per ounce [8]. Cryptocurrency Market - The cryptocurrency market saw a decline, with Bitcoin dropping below $87,000 and Ethereum falling below $3,000. Over 95,000 traders faced liquidation in the past 24 hours [10].

12月26日，臻镭科技、ST长园、大烨智能三家公司公告称，涉嫌信息披露违法违规被中国证监会立 案。 ST长园（600525.SH，股价3.8元，市值50.11亿元）公告称，公司于当日收到中国证监会下发的《立案 告知书》，因公司涉嫌信息披露违法违规，中国证监会决定对公司立案。目前公司生产经营正常，将积 极配合调查，并及时履行信息披露义务。 公司官网显示，ST长园是一家专注于工业与电力系统智能化、数字化研发、制造与服务的科技型产业 集团。现有员工超8000人，在中国设有16个产业园区，并在美国、芬兰、意大利、越南等国家设有20余 家海外分/子公司及办事处。2002年在上海证券交易所上市。 大烨智能：涉嫌信息披露违法违规被中国证监会立案 大烨智能（300670.SZ，股价8元，市值25.35亿元）公告称，公司于当日收到中国证监会下发的《立案 告知书》，因公司涉嫌信息披露违法违规，根据相关法律法规，中国证监会决定对公司立案。立案调查 期间，公司将积极配合中国证监会的各项工作，并履行信息披露义务。目前，公司生产经营正常，上述 事项不会对公司的正常生产经营活动产生重大影响。 臻镭科技：公司被证监会立案 臻镭科技（6882 ...

Group 1 - The core point of the article is that three companies, Zhenlei Technology, ST Changyuan, and Daye Intelligent, are under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure regulations [1][3][6] Group 2 - Zhenlei Technology (688270.SH) has a stock price of 138 yuan and a market capitalization of 29.539 billion yuan. The company received a notice from the CSRC regarding the investigation but stated that its operations and financial status remain normal [1][3] - ST Changyuan (600525.SH) has a stock price of 3.8 yuan and a market capitalization of 5.011 billion yuan. Similar to Zhenlei Technology, it is also under investigation by the CSRC while maintaining that its production and operations are normal [1][3] - Daye Intelligent focuses on the energy and electrical equipment sector, having been established in December 2011 and listed on the Shenzhen Stock Exchange in July 2017. The company specializes in technology research and product development related to power distribution networks [6]

今日焦点 中国中免 ：全资子公司中标北京首都国际机场免税项目01标段首年保底经营费4.8亿元 中国中免公告称，公司全资子公司中国免税品（集团）有限责任公司成为北京首都国际机场免税项目01 标段的中标人，中标金额首年保底经营费4.80亿元，首年销售额提成比例5%。经营期限自合同约定的 起始日起至2034年2月10日止。此项目签约后，公司于国内核心机场的渠道优势将进一步提升，有利于 满足出入境旅客多层次、多样化的购物需求，提升多元化免税购物体验，进而推动机场免税业务高质量 发展。如上述项目顺利实施，将对公司未来经营业绩发展产生积极影响。 芯原股份：第四季度AI算力相关订单占比超84% 芯原股份公告称，2025年10月1日至2025年12月25日，公司新签订单24.94亿元，较去年第四季度全期大 幅增长129.94%，较今年第三季度全期进一步增长56.54%，继2025年第二、三季度单季度新签订单屡创 历史新高后，再创历史单季度新高，将为公司未来营业收入增长提供有力的保障。截至2025年12月25 日，公司第四季度新签订单金额中绝大部分为一站式芯片定制业务订单，AI算力相关订单占比超84%， 数据处理领域订单占比近 ...