【导读】英伟达财报提振亚洲股市 大家好，一起关注下今天全球市场的表现吧。 亚洲市场大涨 11月20日，受科技股推动，亚洲市场全线大涨。 （原标题：英伟达财报提振亚洲股市！A股小幅震荡 银行股延续强势） 美国股指期货也预示开盘走强。与道指、标普500指数和纳斯达克指数挂钩的期货最新分别上涨 0.68%、1.38%和1.91%。 A股小幅震荡 日经225指数涨幅为2.65%，韩国KOSPI指数涨幅为1.92%，台湾加权指数涨超3%。 有分析师指出，亚洲科技股周四上涨，英伟达创纪录的销售额和强劲的业绩预期缓解了投资者对人工智 能泡沫的担忧。 英伟达公布的截至财年第三季度的业绩和营收均超出华尔街预期，并给出了强于市场预期的第四季度营 收指引。 公司表示，当前季度预计实现约650亿美元的营收，高于分析师此前预估的616.6亿美元。 英伟达称，第三季度净利润同比大增65%，从上一财年同期的193.1亿美元（每股收益0.78美元）升至 319.1亿美元（每股收益1.30美元）。 分析师表示，英伟达强劲的业绩和指引，应该会在短期内缓解市场对AI泡沫的担忧。英伟达的财报将 推动整个板块的盈利预期上调，包括其主要GPU供应商台积 ...

Core Viewpoint - Concerns about an AI bubble have intensified among investors, yet Nvidia continues to demonstrate remarkable financial performance, positioning itself as a benchmark in the AI sector [1][2] Financial Performance - Nvidia reported record revenue of $57 billion for Q3 of fiscal year 2026, marking a 62% year-over-year increase and a 22% quarter-over-quarter increase [1] - The company's net profit reached approximately $31.9 billion, reflecting a 65% year-over-year growth and a 21% quarter-over-quarter growth [1] - Nvidia's data center revenue also hit a record high of $51.2 billion, with a 66% year-over-year increase and a 25% quarter-over-quarter increase [1] Market Position - Nvidia holds about 90% of the global market share for core AI chips, establishing itself as a leader in the AI boom [1] - The company is viewed as a "bellwether" for global AI-related investments and development prospects [1] CEO's Perspective - Nvidia's CEO Jensen Huang refuted the AI bubble narrative, emphasizing the unique capabilities of Nvidia's accelerators and the rapid global expansion of the AI ecosystem [2] - The company anticipates revenue of approximately $65 billion for Q4 of fiscal year 2026 [2] Stock Market Reaction - Following Nvidia's impressive earnings report, its stock price surged nearly 6% in after-hours trading, alleviating some market concerns regarding the AI bubble [2] - Despite earlier declines of nearly 10% since November due to AI bubble fears and hedge fund sell-offs, Nvidia's stock remains a focal point for investors [2] Broader Market Concerns - Since the rise of AI three years ago, Nvidia's stock has increased approximately 11 times, significantly outperforming the S&P 500 index, which rose by 70% during the same period [3] - Concerns about a potential AI bubble have been echoed by industry leaders, including Bill Gates, who warned of excessive investments exceeding actual demand [3][4] - Analysts from major investment banks like Goldman Sachs and Morgan Stanley have issued warnings about potential market corrections of 10% to 20% in the coming months [4]

【导读】英伟达财报提振亚洲股市 中国基金报记者 泰勒 大家好，一起关注下今天全球市场的表现吧。 亚洲市场大涨 11月20日，受科技股推动，亚洲市场全线大涨。 日经225指数涨幅为2.65%，韩国KOSPI指数涨幅为1.92%，台湾加权指数涨超3%。 芯片制造设备制造商东京电子涨超5%。而英国芯片设计公司Arm的母公司软银集团在早盘跳涨超过8%，尾盘涨近2%。 台积电和鸿海科技这两只股票分别上涨4.3%和3.28%。 | < 标后 | 亚太指数 () | | Q | | --- | --- | --- | --- | | 名称 | 最新 | 涨幅↓ | 消假跌 | | 台湾加权 | 27426.36 | 3.18% | 846.24 | | TWII | | | | | 日经 225 | 49823.94 | 2.65% | 1286.24 | | N225 | | | | | 韩国 KOSPI200 | 564.20 | 2.09% | 11.54 | | KOSPI200 | | | | | 菲律宾马尼拉 | 5930.81 | 2.01% | 117.10 | | PSI (延 | | | | | 韩国 ...

【导读】英伟达财报提振亚洲股市 中国基金报记者 泰勒 大家好，一起关注下今天全球市场的表现吧。 亚洲市场大涨 11月20日，受科技股推动，亚洲市场全线大涨。 日经225指数涨幅为2.65%，韩国KOSPI指数涨幅为1.92%，台湾加权指数涨超3%。 | < 标志 | 亚太指数 () | | | | --- | --- | --- | --- | | 名称 | 最新 | 涨幅↓ | 污长跌 | | 台湾加权 | 27426.36 | 3.18% | 846.24 | | TWII | | | | | 日经 225 | 49823.94 | 2.65% | 1286.24 | | N225 | | | | | 韩国 KOSPI200 | 564.20 | 2.09% | 11.54 | | KOSPI200 | | | | | 菲律宾马尼拉 | 5930.81 | 2.01% | 117.10 | | PSI (延 | | | | | 韩国 KOSPI | 4004.85 | 1.92% | 75.34 | | KS11 | | | | | 泰国 SET | 1291.42 | 1.51% | 19.25 | | ...

Core Viewpoint - The report from Guohai Securities highlights Lanke Technology as a leader in memory interconnect chips for the AI era, with sustained growth in high-performance transport chips driven by strong industry demand and trends in the AI sector [1] Company Performance - In the first three quarters of 2025, the company achieved operating revenue of 633 million yuan, representing a year-on-year increase of 57.83% [1] - The net profit attributable to shareholders reached 1.632 billion yuan, marking a year-on-year growth of 66.89% [1] - The significant increase in the shipment volume of interconnect chips contributed to the company's performance [1] Industry Trends - According to Frost & Sullivan, global AI server shipments surged from 500,000 units in 2020 to 2 million units in 2024, with a compound annual growth rate (CAGR) of 45.2% [1] - Future projections indicate that shipments will grow from 2.5 million units in 2025 to 6.5 million units by 2030, with a CAGR of 21.2% [1] Product Development - The company is expected to benefit from the growth of memory interconnect chips and the large-scale production of new high-speed interconnect products such as MRCD and MDB [1] - The report initiates coverage with a "Buy" rating for the company [1]

Core Viewpoint - 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, and promoting a service that facilitates quick sales of surplus stock [1]. 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 company offers a platform called "Chip Superman" that has served 21,000 users, enabling rapid transactions to clear inventory, often within half a day [1][7]. Group 2: Inventory Listings - The article provides a detailed list of surplus semiconductor components available for sale, including various models from the brand 安世, with quantities ranging from 3,000 to 300,000 units [4][5]. - Specific components listed include BAV70 with 300,000 units and PMBD7000 with 96,000 units, showcasing a wide range of available stock [5]. Group 3: Purchase Requests - The article also includes a section for requested components, indicating demand for specific models such as ATMEGA2561-16AU (2,000 units) and ISL99227FRZ-T (20,000 units) [6]. Group 4: Company Infrastructure - Chip Superman operates a 1,600 square meter smart warehouse with over 1,000 models and 50 million chips in stock, valued at over 100 million [7]. - The company has an independent laboratory in Shenzhen for quality control of each component [7].

英伟达一份强劲的业绩展望暂时驱散了市场对人工智能行业泡沫的担忧，在全球范围点燃了一场AI概念股的狂欢， 但关于估值过高、投资可持续性等质疑，依然是悬在投资者头顶的阴云。 这份备受瞩目的财报发布后，市场如释重负。这家美国科技巨头给出了强劲的收入预测，并正面回击了关于AI行业 正处于泡沫中的观点。受此提振，英伟达股价在盘后交易中上涨超过5%，标普500指数期货在亚洲时段上涨1.3%。 乐观情绪迅速传导至全球市场，尤其是在亚洲。在英伟达供应商的带动下，韩国、台湾和日本的基准股指涨幅均超 过2.5%，显示出市场对AI产业链的信心得到修复。 "我认为这更像是一次'喘息式反弹'，而非对估值担忧的全面重置，" Pepperstone Group的策略师Dilin Wu表示。"英 伟达交付了市场所期待的业绩，但更深层次的问题并未消失，比如科技巨头能否将其庞大的AI资本支出有效变现、 债务驱动的支出究竟又能持续多久。" 这种谨慎观点认为，虽然英伟达的财报提供了买入的理由，并将积极情绪传导至其他AI相关领域，但市场的基本面 担忧依然存在。 焦点转向宏观与新供应链 在财报季的喧嚣之外，宏观经济因素正重新成为投资者关注的焦点。由于劳 ...

但尽管策略师们假设失业率将"维持在中性水平内"，他们仍指出，经济大幅下行是最大的短期风险。 巴克莱策略师上调了2026年底标普500指数（SPX）的预期目标。尽管经济增长乏力，但得益于大型科 技股的强劲表现，以及货币和财政环境的改善，该行做出了这一调整。 由维努·克里希纳（Venu Krishna）领衔的巴克莱股票策略师团队在周三发布的研究报告中表示，目前预 计标普500指数明年年底将收于7400点，较此前7000点的目标上调5.7%。这一新目标较周三标普500指 数6642.16点的收盘价高出11.4%。 策略师们还将2026年标普500指数的每股收益（EPS）目标从295美元上调至305美元。他们认为，科技 行业盈利增长将快于华尔街普遍预期，原因是"在宏观经济低增长环境下，大型科技股持续稳健运营， 且人工智能竞赛毫无放缓迹象"。 不过，他们指出，剔除科技板块后，由于"通胀和失业率小幅上升"，与今年相比，市场普遍预期的每股 收益可能面临下行压力，"这将拖累整体经济活动和消费"。 策略师们写道，美联储降息将对估值产生积极影响，尤其是对周期股和成长股而言。 虽然"关税进一步恶化的可能性不大"，但他们警告称，部分 ...

来源：环球网 【环球网科技综合报道】11月20日消息，据彭博社报道，英伟达CEO黄仁勋近日在第三季度财报会议上 披露，公司新型Blackwell芯片市场需求旺盛，供应链储备充足，能够充分满足持续增长的市场需求， 相关业务保持"非常、非常强劲"的发展态势。 面对外界关于生成式AI领域投入过热可能形成泡沫的担忧，英伟达予以正面回应。公司不仅发布了好 于预期的季度业绩展望，还明确新芯片和系统的销售额有望超越此前设定的5000亿美元长期目标。黄仁 勋指出，随着产品性能持续升级，英伟达在全球数据中心整体投入中的市场占比正不断提升。 值得关注的是，英伟达下一代Vera Rubin系列产品已进入规划落地阶段，该系列预计将为公司带来约 350亿美元的收入，为企业长期增长注入新动力。（纯钧） 针对此前财报会议中Blackwell产品线"售罄"的表述，黄仁勋作出明确解释。他表示，所谓"售罄"实际指 现有芯片已被客户以最大容量投入使用，并非产品供应中断。"英伟达对供应链规划周全，目前仍有大 量Blackwell芯片可供销售。"这一表态延续了公司发布财报时的乐观基调。 ...

3.【华为完成IMT-2020（5G）推进组5G-A蜂窝无源物联技术测试，为业界首次】据"5G推进组"微 信公众号11月19日消息，2025年10月，在IMT-2020（5G）推进组的组织下，华为完成5G-A蜂窝 无源物联关键技术测试的所有用例。本次测试中，华为采用基于3GPP标准的分离式基站架构，包含 BBU/pRRU和辅助节点，为业界首次。（ 财联社 ） 4.【我国成功发射实践三十号A、B、C星】11月19日12时01分，我国在酒泉卫星发射中心使用长征 二号丙运载火箭，成功将实践三十号A、B、C星发射升空，卫星顺利进入预定轨道，发射任务获得圆 满成功。实践三十号A、B、C星主要用于空间环境探测及相关技术验证。这次任务是长征系列运载火 箭的第608次飞行。（ 新华社 ） 1.【轻质高强复合材料可耐500℃高温】加拿大多伦多大学研究团队研发出一种新型复合材料，在 500℃高温环境下仍能保持轻质高强的特性，有望应用于航空航天领域。相关成果发表于新一期《自 然·通讯》杂志。据介绍，研究团队借鉴钢筋混凝土的构造原理，通过3D金属打印技术，构建出独特 的金属基复合材料。这种材料以钛合金网状结构为"钢筋骨架"，再通过微 ...