Core Insights - The discussion centers around the impact of AI on productivity and economic growth, with a focus on the expectations for 2026 and the implications for corporate earnings and stock prices [1][2][3] Group 1: AI and Productivity - AI is seen as a key driver of productivity, allowing for economic growth without significant inflationary pressures, which is favorable for central bankers [1][2] - Fed Chair Jerome Powell has acknowledged that AI usage is likely increasing productivity, with GDP growth expectations for 2026 raised to 2.3% from 1.8% [2] - The Fed has also lowered its inflation expectations for next year to 2.4% from 2.6%, indicating a belief that productivity gains from AI can coexist with moderate inflation [2] Group 2: Corporate Earnings and Stock Market - The estimated earnings per share for the S&P 500 in 2024 is projected to be $3922, which would set a new record [1][3] - Concerns about high valuations in the stock market are countered by the expectation of record corporate profits, suggesting that high stock prices may be justified [3][4] - Companies are focusing on increasing revenue per employee rather than hiring more staff, which could lead to significant outperformance for those that can effectively leverage AI [2][3] Group 3: Micron Technology - Micron has seen its stock price triple this year, driven by demand for its DRAM products, particularly for AI data centers [2][3] - The company has announced it will no longer produce memory chips for the consumer segment due to high demand from AI applications, indicating a shift in focus [2] - Micron's stock is considered vulnerable to price fluctuations based on memory chip prices, which could impact its future performance [3]

2026 国产替代加速 2025年8月底，AI芯片厂商寒武纪盘中股价超过贵州茅台，成为A股股价最高的个股。多年以后当人们 回顾芯片国产替代的历程时，这将是难忘的一刻。 高高昂起的股价，代表的是整个市场对国产芯片崛起的期望。来到年末，更多AI芯片站在上市的关 口。摩尔线程、沐曦股份率先登陆科创板，上市首日，摩尔线程股价涨超4倍，"中一签最高浮盈近40万 元"的沐曦则刷新了近十年A股上市首日单签盈利纪录。壁仞科技、天数智芯也在冲刺港股上市。 资本市场对国产替代的期望有现实基础。一方面是数据中心AI芯片进口长期存在不确定性，国内的云 或数据中心厂商难以获得最先进的AI芯片。另一方面，基于市场充分竞争的考虑，市场也希望有两家 以上的国产AI芯片厂商能"跑出来"，提供更多元的选择。 此前DeepSeek火遍全球，带动AI应用遍地开花，已改变了AI计算需求的结构，给国产芯片带来机遇。 其背后，更多计算需求从训练走向推理，推理对芯片性能的要求相对较低，国产芯片可以满足需求。互 联网厂商中，腾讯9月表示，腾讯云已全面适配主流国产芯片。 可以展望，接下来随着更多AI应用落地，AI推理需求还会继续增长。可能会有更多数据中心和云厂 ...

bigjom jom / Shutterstock.com Quick Read BKLC surged 40% from April to December 2025 and outperformed SPY by 1.2% year-to-date. The top three holdings (NVIDIA, Apple, Microsoft) represent nearly 20% of the portfolio. BKLC charges 0% in fees versus VOO’s 0.03% but has only $5B in assets compared to VOO’s $1.5T. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read more here. When a large-cap ETF with zero fees cli ...

Micron stock price was in a relentless bull run in 2025, making it the top gainer in the Nasdaq 100 and S&P 500 indices. It jumped to a record high of $294, much higher than the year-to-date low of $6... ...

IRVINE, CA / ACCESS Newswire / December 30, 2025 / Netlist, Inc. (OTCQB:NLST) today announced that the United States International Trade Commission (ITC) has voted to institute an investigation into Samsung and two of its customers, Google and Super Micro (collectively "Respondents") pursuant to Netlist's complaint filed with the ITC on September 30, 2025. The ITC will determine over the course of the investigation whether Samsung memory products should be banned from importation into the United States for ...

Broadcom (NASDAQ:AVGO) entered the final stage of its 18-phase Adhishthana cycle on the daily charts on 26 December. In our previous commentary published in late May 2025, we highlighted that the stock was setting up for a bullish breakout while trading near the $230 level. Since then, the move has played out decisively, with Broadcom rallying more than 80% and printing highs near $414.Now that the stock has reached the closing stretch of its cycle, it is worth reassessing the structure under the Adhishthan ...

国芯网[原:中国半导体论坛] 振兴国产半导体产业！ 不拘中国、 放眼世界 ！ 关注 世界半导体论坛 ↓ ↓ ↓ 12月30日消息，据外媒报道，美国政府已向三星电子等颁发年度许可证，允许其在2026年向其位于中国的工厂进 口芯片制造设备。 为了限制中国获取美国先进技术，美国总统特朗普政府一直在重新审视其认为拜登政府时期过于宽松的出口管制 措施。 三星电子是全球最大的存储芯片制造商，而另一家韩国存储芯片商则将中国视为其主要生产基地之一，尤其是在 传统存储芯片方面。由于人工智能（AI）数据中心的需求以及供应趋紧，传统存储芯片的价格一直在飙升。 半导体公众号推荐 ***************END*************** 此次批准对韩国公司而言是一项暂时的豁免，此前美国曾于2025年早些时候撤销了部分科技公司的许可证豁免。 消息人士称，美国政府方面推出了芯片制造设备对华出口的年度审批制度。 此前，三星、台积电等曾受益于美国政府对中国芯片相关产品出口的全面限制豁免。但这项被称为"最终用户认 证"（VEU）的特权将于12月31日到期，这意味着此后美国芯片制造工具运往中国工厂将需要获得美国出口许可 证。 第一步：扫 ...

国芯网[原:中国半导体论坛] 振兴国产半导体产业！ 不拘中国、 放眼世界 ！ 关注 世界半导体论坛 ↓ ↓ ↓ 12月30日消息，台积电已经开启了N2 2nm工艺的大规模量产，不过非常低调，没有任何官宣，但和此前制定的进度计划完全 相符。 台积电官网的2nm工艺专业题页面有这么一句： "台积电2nm技术已按计划于2025年第四季度投入量产。" 明年，台积电N2的产能将快速爬坡，迎接各家产品，包括NVIDIA、AMD、苹果、高通、联发科都会用它。N2是台积电首个应 用GAA(环绕栅极纳米片晶体管)的制程节点，有些类似Intel RibbonFET。 ***************END*************** 半导体公众号推荐 半导体论坛百万微信群 加群步骤： 第一步：扫描下方二维码，关注国芯网微信公众号。 该技术通过栅极完全包裹由水平堆叠纳米片构成的导电沟道，优化了静电控制效果，降低了漏电率，从而在不牺牲性能与能效 的前提下进一步缩小晶体管尺寸，实现密度提升。 台积电N2工艺是该公司首款采用纳米片Nanosheet技术的GAA（环绕栅极）晶体管工艺，被视为半导体制造技术的又一次革命 性飞跃。台积电官方宣 ...

Core Insights - BlackRock Science and Technology Term Trust reported a return of 10.1% on market price and 11.6% on net asset value (NAV) for Q3 2025, underperforming the MSCI Custom ACWI SMID Growth IT Call Overwrite Index which returned 15.2% [1] - The trust adjusted its investments in the technology sector to align with changing market conditions and emerging opportunities [1] Company Highlights - NVIDIA Corporation (NASDAQ:NVDA) was highlighted as a key stock, with a one-month return of 3.73% and a 52-week gain of 40.16%, closing at $188.22 per share with a market capitalization of $4.583 trillion on December 29, 2025 [2] - NVIDIA's strong performance was attributed to record quarterly revenue and growth in its Data Center segment, particularly driven by AI compute chips, reinforcing its leadership in AI acceleration and next-generation data-center infrastructure [3] Market Position - NVIDIA Corporation ranked 5th among the 30 Most Popular Stocks Among Hedge Funds, with 234 hedge fund portfolios holding its stock at the end of Q3 2025 [4] - The company reported $57 billion in revenues for Q3 2026, reflecting a 62% year-over-year growth [4]

Let's uh talk some tech picks for the new year. Some potential AI plays. Joining us now, Dan Ies, Wed Bush uh Securities, Global Head of Technology Research, Got kind of a Magnum uh >> PI shirt on.Uh we we were the jacket's muted. Uh you went with the uh you went with the shirt today for for this appearance. All right.Sure. >> I I can we we can do that. Dan, it since it's the beginning, you know, we're at the very end of the year, so we always want to, you know, think that that suddenly the calendar has any ...