一手掌握，科技"鲜"闻 将投中网设为"星标⭐"，第一时间收获最新推送 互联网泡沫阴影重现？ 作者丨 郑峻 来源丨 新浪科技 现在黄仁勋对美国股市乃至经济的重要性与影响力，比马斯克更大。昨天全美国都在惴惴不安地等着黄仁勋发布英伟达财报。 以下文章来源于新浪科技 ，作者努力码稿的小浪 新浪科技 . 香槟开太早了 英伟达最终交出的靓丽业绩让整个市场松了口气。Wedbush分析师艾夫斯(Dan Ives)昨晚这样写道："今晚市场和科技股迎来了'开香槟时刻'，这一切 都得益于英伟达强劲的盈利和预期。"可以说，华尔街的投资信心，都靠黄仁勋的这份财报撑着。 这一点都不夸张。从昨天盘后到今天早盘，AI类股以及大盘集体反弹，几乎都是拜英伟达这份强劲季度财报所赐。财报发布后，英伟达股价在盘后交 易中大涨5%。此前三周，这家全球市值最高公司的股价已经累计下跌了10%。 这种即时反应很容易理解："卖铲子"的业绩很好，说明AI市场还在稳步增长，需求依然旺盛，泡沫担忧可以暂时缓解。尽管投资者对科技巨头们万亿 美元AI豪赌的未来仍存疑，英伟达用实际数字至少暂时缓解了"AI泡沫论"。 只是，英伟达的强心针效应看起来并没有持续多久。艾夫斯的香 ...

Core Insights - The article discusses the challenges of managing excess inventory in the semiconductor industry, highlighting the financial burden of storage and capital costs associated with unsold materials [1] - It promotes a service called "Chip Superman," which has served 21,000 users and offers rapid inventory clearance solutions [8] Group 1: Inventory Management - Excess inventory of 100,000 units incurs monthly storage and capital costs of at least 5,000, leading to a potential loss of 30,000 after six months [1] - The article emphasizes the difficulty in promoting and selling excess materials, suggesting that companies can seek assistance from Chip Superman for better pricing and faster sales [1][9] Group 2: Inventory Offerings - A detailed list of available excess materials is provided, including various brands and models, with quantities ranging from 400 to 100,000 units [4][5] - The total inventory includes over 5,000,000 chips across more than 1,000 models from around 100 brands, with a total inventory value exceeding 100 million [7] Group 3: Service Features - Chip Superman claims to complete transactions in as little as half a day, facilitating quick sales for companies struggling with excess inventory [8] - The company operates a 1,600 square meter smart storage facility in Shenzhen, equipped with a dedicated laboratory for quality control [7]

Core Viewpoint - Public QDII funds are leveraging their positions in the US stock market to enhance net value defense and differentiate their product offerings amidst the recent pullback in the Hong Kong stock market [1][2]. Group 1: Performance of QDII Funds - Despite an overall decline in net value for public QDII funds in recent months, those with a focus on US stocks have shown strong performance, ranking among the top in net value gains during market adjustments [2][4]. - Notable QDII funds such as CICC Global Healthcare and E Fund Global Growth Select have reported significant gains of 11.78% and 7.22% respectively over the past month, making them some of the few active equity QDIIs to achieve positive returns [2]. Group 2: Stock Selection and Market Strategy - Core stocks from the US market have bolstered the net value defense of these funds, with examples like Cidara, which saw a 105% increase in a single day due to a major acquisition announcement [3]. - The strategy of reallocating from Hong Kong stocks to US stocks has been evident, with some funds increasing their US stock positions significantly, such as CICC Global Healthcare, which shifted from 3% to 71% in US stocks within a quarter [6]. Group 3: Differentiation and Market Trends - The trend of increasing US stock positions among public QDIIs has been apparent since the end of Q3, as funds seek to distinguish themselves in a competitive market [4][5]. - The E Fund Asia Select QDII, managed by a prominent fund manager, has benefited from a 40% annual return, attributed to a 32.24% allocation in US stocks, significantly higher than earlier in the year [5]. Group 4: Impact of AI and Technology - The demand for computing power driven by AI technology has significantly enhanced the attractiveness of US QDIIs, with fund managers optimistic about the long-term investment value in leading tech companies [7][8]. - The rapid growth in AI applications has led to increased expectations for the scale of computing infrastructure, with funds like Jianxin Emerging Markets QDII holding 50% in US stocks, reflecting a strategic focus on this sector [8].

在英伟达（NVDA.US）超预期季绩和黄仁勋的乐观展望下，美股开盘后曾一路走高，以纳斯达克指数（IXIC.US）为例，高开2.18%之后曾 一路走高，最高到达23,147.33点，涨2.58%，随后急转直下，最低跌2.31%，上下波幅高达4.89%，收市跌2.15%，或跌486.18点，报道 22,087.05点，见下图。 道琼斯工业平均指数和标普500指数的单日走势也与纳斯达克指数一致。与此同时，华尔街的恐慌指数VIX指数也创下了4月末以来的最高收 盘水平，单日涨11.67%，报26.42点，最近5日的涨幅达到32.10%。 2025年11月20日晚，美股在短短一小时内出现重大逆转。 比特币等继续下跌。比特币价格进一步下跌至8.58万美元。 对于美股的逆转，市场普遍认为主要原因有很多个方面： 科技股"利好出尽"引发的估值忧虑 英伟达发布的第3季营收、利润远超市场预期，但市场或将此解读为"利好出尽"，加上市场对AI产业盈利兑现能力的忧虑并没有消除，投资 者或担心英伟达的增长与市场份额已触顶，开始获利套现。 美股之后，亚太区股市大跌，且尤以AI芯片和关联产业股最为严重，例如英伟达的股东软银集团跌超10%，英伟达 ...

美联储理事Lisa Cook关于私人信贷领域"潜在的资产估值脆弱性"的警告，像一颗投入平静湖面的石子，激起层层涟漪。隔夜信贷市场迅速恶化，投资级债券 和高收益债券的利差急剧扩大。这个规模达1.7万亿美元的市场一旦出现问题，其与金融体系的复杂关联可能引发连锁反应，这让习惯了廉价资金的华尔街 如坐针毡。 当英伟达的财报烟花变成市场丧钟，当比特币跌破9万美元的心理防线，华尔街正在经历一场由九个致命音符组成的黑色交响乐。高盛最新报告揭示了这场 史诗级暴跌背后的复杂机理，每一个因素都像精确制导的导弹，击穿了投资者的心理防线。 百度图片 科技信仰的崩塌：英伟达成为压垮骆驼的最后一根稻草 英伟达财报本该是市场的强心针，却意外成为压垮风险偏好的最后一根稻草。这家AI芯片巨头交出了超预期的成绩单，股价却高开低走最终收跌3%。高盛 顶级交易员John Flood的评论一针见血："真正的好消息没有得到回报，通常是一个坏兆头"。市场开始质疑，当最耀眼的明星都失去光芒，还有什么能支撑 科技股的天价估值？ image 百度图片 信贷市场的定时炸弹：美联储官员的警告成真 流动性荒漠：市场失去缓冲垫 高盛数据显示，标普500指数顶级买卖盘的 ...

记者丨曾静娇 见习记者张嘉钰 编辑丨张楠 11月21日，亚太主要股指收盘多数下跌，日经225指数跌2.4%，韩国 综合指数跌3.78%。 A股 市场全天震荡调整 ， 沪指跌2.45%，深成指跌 3.41%，创业板指跌4.02%。 沪深两市成交额1.98万亿，较上一个交易日放量2610亿。盘面上个股普跌，全市场超5000只个股下跌，99只个股 跌停。 | 内地股票 | | | | --- | --- | --- | | 行情 | 资金净流入 | 涨跌分布 | | 上证指数 | 深证成指 | 北证50 | | 3834.89 | 12538.07 | 1377.39 | | -96.16 -2.45% -442.75 -3.41% -68.14 -4.71% | | | | 科创50 | 创业板指 | 万得全A | | 1285.83 | 2920.08 | 6030.56 | | -42.36 -3.19% -122.26 -4.02% -197.38 -3.17% | | | | 沪深300 | 中证500 | 中证A500 | | 4453.61 | 6817.41 | 5325.99 | | -111.3 ...

Group 1 - Intel's CEO Lip-Bu Tan strongly denied rumors regarding a new employee leaking trade secrets from TSMC, emphasizing respect for intellectual property [1] - TSMC's market capitalization exceeds $1.15 trillion in Taiwan and $1.5 trillion in the US, solidifying its position as the leading chip foundry [2] - TSMC has initiated an internal investigation regarding the potential unauthorized transfer of trade secrets by former executive Lo Wen-jen [2][3] Group 2 - Intel is focusing on advanced process technology to compete with TSMC and Samsung, aiming to produce chips at 2nm and below [4] - The company's strategic shift towards Intel Foundry aims to establish itself as a major player in high-end chip manufacturing for clients like Qualcomm [5] - Qualcomm is evaluating Intel for manufacturing its AI ASICs, indicating potential collaboration in the data center chip market [5][6]

大家知道，英伟达是美股科技股的灵魂，当英伟达在市场的光环不在时，影响的不仅仅是美股，而是全球的科技股，今天韩国股市的跌幅尤为明显，主要是 芯片指数大跌，也是受到英伟达走势的影响，可以说过去科技股的上涨几乎都是跟随英伟达的脚步。 海外这样，A股何况不是如此呢，创业板指数之所以跳水的幅度逼近4%，"易中天"以及新能源的下挫贡献了重要力量，从而带动了今天整个市场的跳水。 A股今天出现了罕见的下跌，沪指盘中最低到了3840点，一度下跌了90点，跌幅也超过了2%，对创业板指数来说重挫的力度就更明显了，低开之后出现低 走，11点14分出现盘中低点2924点，跌幅达到了3.87%，至此创业板指数已经从这波高点向下调整10%了。 不过早上11点30分收盘时，三大指数的跌幅略微有些收窄，沪指跌1.88%，创业板指数跌3.18%。 对于今天的盘面下挫，大家普遍觉得是昨夜美股纳斯达克指数的大跌2%，以及韩国股市和日本股市为代表的亚太股市的大跌所影响，我觉得有这方面因 素，但不是核心，尤其是美股向来对A股的影响不大，我认为还是市场自身存在一定的问题。 重挫近90点！A股今天突然跳水，原因是什么？ 其一，今天下跌的核心主要还是美股权重 ...

11月21日，澜起科技跌3.49%，截至发稿，报113.90元/股，成交27.57亿元，换手率2.09%，总市值 1304.33亿元。澜起科技股价已经连续4天下跌，区间累计跌幅6.02%。 金元顺安宝石动力混合（620001）基金经理为孔祥鹏、商昌层。 截至发稿，孔祥鹏累计任职时间8年149天，现任基金资产总规模1.43亿元，任职期间最佳基金回 报-3.29%， 任职期间最差基金回报-13.31%。 商昌层累计任职时间2年27天，现任基金资产总规模4462.91万元，任职期间最佳基金回报12.95%， 任 职期间最差基金回报1.02%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 资料显示，澜起科技股份有限公司位于上海市徐汇区漕宝路181号和光天地16层,香港铜锣湾希慎道33号 利园1期19楼1918室，成立日期2004年5月27日，上市日期2019年7月22日，公司主营业务涉及为云计算 和人工智能领域提供以芯片为主的解决方案。主营业务收入构成为： ...

全球市场陷入"AI泡沫"争论之际，即便是最成功的英伟达，也正面临着前所未有的审视压力。作为AI基 础设施的核心供应商，英伟达的一举一动都被视为整个行业健康状况的晴雨表。 他还引用了一些帖子称英伟达的业绩正在帮助美国避免经济衰退，凸显出市场已将这家芯片制造商视为 宏观经济健康的关键指标。 英伟达周三公布的财报显示，三季度营收加速增长62%，本季指引再超预期。黄仁勋在财报发布时反驳 了关于AI泡沫日益增长的论调。然而，市场反应却反复无常：股价周三上涨（一度超过6%）后，周四 再度下挫（惨跌7%）。公司市值在数周内蒸发约5000亿美元。 据Business Insider周五报道，英伟达首席执行官黄仁勋在周四的内部会议上坦言，尽管公司交出了"令 人难以置信的"成绩单，但"市场并不领情"。这位芯片巨头掌门人罕见地承认，英伟达如今面临一个无 解困境：业绩出色会被指控助推AI泡沫，业绩不佳则被视为泡沫破裂的证据。 黄仁勋在会上表示，市场对英伟达的预期已经高到令公司陷入某种"无赢局面"。他直言："如果我们交 出糟糕的季报，哪怕只是差一点点，看起来有一点点不稳，整个世界就会崩溃。" 陷入"无赢困境" 据Business In ...