人工智能投资主题正在发生转移。 随着大型云服务提供商向新数据中心投入数十亿美元，投资者正在抢购技术基础设施领域的"卖铲人"股票，而非此前主导市场的芯片巨头。 这一轮AI交易的受益者已从英伟达等明星公司扩散至数据存储、电力供应、建筑承包等更广泛的产业链环节。 数据存储领域仍有增长空间 华尔街预计数据存储板块在2026年将保持热度。不过，今年赢家的繁荣期可能即将结束。例如，分析师对Sandisk在2026年的平均目标价为264美元，较当前 约244美元的价格仅上涨约8%。 据统计数据显示，数据存储公司在2025年主导了标普500指数涨幅榜。闪迪股价飙升近580%，成为该基准指数表现最佳的股票，西部数据公司位列第二，希 捷科技排名第四。 与此同时，与AI相关的电力供应商以及电缆和光纤生产商，如Amphenol Corp.、Corning Inc.、NRG Energy Inc.和GE Vernova Inc.均跻身前25名。 这与过去几年形成鲜明对比。作为最初的AI"卖铲人"，英伟达曾长期占据标普500指数顶级股票之列。但该芯片巨头2025年仅上涨40%，成为今年该指数第71 位表现最佳的股票。 尽管英伟达及云计算 ...

人工智能投资主题正在发生转移。 随着大型云服务提供商向新数据中心投入数十亿美元，投资者正在抢购技术基础设施领域的"卖铲人"股票，而非此前主导市场的芯片巨头。 这一轮AI交易的受益者已从英伟达等明星公司扩散至数据存储、电力供应、建筑承包等更广泛的产业链环节。 据统计数据显示，数据存储公司在2025年主导了标普500指数涨幅榜。 闪迪股价飙升近580%，成为该基准指数表现最佳的股票 ， 西部数据公司 位列第二， 希捷科技 排名第四。 与此同时，与AI相关的电力供应商以及电缆和光纤生产商，如Amphenol Corp.、Corning Inc.、NRG Energy Inc.和GE Vernova Inc.均跻身前25名。 这与过去几年形成鲜明对比。 作为最初的AI"卖铲人"，英伟达曾长期占据标普500指数顶级股票之列。 但该芯片巨头2025年仅上涨40%，成为今年该指数第 71位表现最佳的股票。 尽管英伟达及云计算巨头微软、Meta Platforms和Alphabet因其庞大规模仍在推动市场，但它们的涨幅百分比已开始减弱。 数据存储领域仍有增长空间 华尔街预计数据存储板块在2026年将保持热度。不过，今年赢家的 ...

人工智能投资主题正在发生转移。随着大型云服务提供商向新数据中心投入数十亿美元，投资者正在抢 购技术基础设施领域的"卖铲人"股票，而非此前主导市场的芯片巨头。这一轮AI交易的受益者已从英伟 达等明星公司扩散至数据存储、电力供应、建筑承包等更广泛的产业链环节。 据统计数据显示，数据存储公司在2025年主导了标普500指数涨幅榜。闪迪股价飙升近580%，成为该基 准指数表现最佳的股票，西部数据公司位列第二，希捷科技排名第四。与此同时，与AI相关的电力供 应商以及电缆和光纤生产商，如Amphenol Corp.、Corning Inc.、NRG Energy Inc.和GE Vernova Inc.均跻 身前25名。 这与过去几年形成鲜明对比。作为最初的AI"卖铲人"，英伟达曾长期占据标普500指数顶级股票之列。 但该芯片巨头2025年仅上涨40%，成为今年该指数第71位表现最佳的股票。尽管英伟达及云计算巨头微 软、Meta Platforms和Alphabet因其庞大规模仍在推动市场，但它们的涨幅百分比已开始减弱。 Allspring Global Investments投资组合经理Jake Seltz表示："当基 ...

EMCOR (NYSE:EME) FY Conference Summary Industry Overview - The conference focused on the commercial market, particularly the data center and high-tech manufacturing sectors, which are significant for EMCOR's growth [1][5] - EMCOR has established a strong position in the data center market, contributing to its revenue and backlog [1][3] Key Points and Arguments Market Demand and Performance - EMCOR continues to see strong demand in fire and life safety services, especially in battery plants and energy efficiency sectors [2][3] - The mechanical services business, which constitutes 70% of building services, has maintained high single-digit to low double-digit EBITDA margins, growing mid to high single digits despite a flat commercial market [2][3] - Overall, EMCOR has outperformed non-residential construction by 400 to 500 basis points over time, indicating robust growth [2][3] Workforce and Union Relations - EMCOR's union workforce provides a competitive advantage, allowing flexibility in recruitment and training, particularly in growing states [8][10] - The company has a productive workforce, with 46,500 employees, 80% of whom are field workers, delivering revenue at three times the growth rate of the workforce [11][12][13] - Supervision is identified as a constraint, with a focus on developing a capable workforce through training and peer learning [14][17] Data Center Business - Data centers account for 20% to 25% of EMCOR's total revenue, with significant growth in both electrical and mechanical segments [6][19] - The company anticipates a doubling of cloud-based applications in the next five to seven years, translating to a 9% to 12% growth rate [21] - EMCOR is involved in day-two work for data centers, focusing on mechanical services and structured cabling, but has not yet seen significant retrofit opportunities [26][28] Healthcare Market - The healthcare sector remains a durable market for EMCOR, with nearly 40% of revenues coming from this area, balanced between retrofit and new builds [50][51] - EMCOR aims to maintain long-term relationships with healthcare clients, which leads to ongoing service opportunities [48][50] Commercial and Building Services - The commercial market is gradually recovering, particularly in fire and life safety services for cold storage and traditional warehousing [53][54] - The mechanical services business has shown resilience, with a 7% increase in the first half of the year and a projected CAGR of 12.5% over three to five years [56][57] Industrial Sector - The industrial segment, particularly in oil and gas, is experiencing increased activity, with a focus on compressor stations and pipeline projects [61][62] - EMCOR's management team is experienced in navigating the complexities of the industrial market, which is less capital-intensive and generates consistent cash flow [63] Margin and Operational Efficiency - EMCOR's operations managers are incentivized based on return on net assets, emphasizing cash flow and balance sheet efficiency [64][66] - The company has seen a shift towards larger projects, with 50% to 55% of revenues now coming from jobs over $10 million, compared to 30% to 35% five years ago [70] Acquisition Strategy - EMCOR remains open to acquisition opportunities, focusing on companies with aligned values and a commitment to employee welfare [77][78] - The company prefers partnerships with firms that share its culture of teamwork, safety, and transparency [86] Additional Important Insights - EMCOR's approach to acquisitions emphasizes cultural fit and operational autonomy, ensuring that new partners align with its risk management philosophy [86] - The company is not pursuing aggressive growth at the expense of its core values, focusing instead on sustainable, long-term relationships with clients and partners [78][86]

Core Viewpoint - RIMBACO experienced a significant stock price increase of 83.85%, reaching HKD 0.239 per share, with a trading volume of HKD 2.359 million [1] Company Overview - Rimbaco Group Global Limited is a Malaysian construction contractor specializing in building factories, institutions, commercial, and residential buildings [1] - The company has historically undertaken 23 construction projects with a total original contract value of approximately MYR 1.9357 billion, and currently holds 7 ongoing projects with an original contract value of about MYR 1.0886 billion [1] Financial Performance - As of the mid-year report for 2025, RIMBACO reported total revenue of HKD 203 million and a net profit of HKD 5.286 million [1] Dividend Announcement - On August 18, the company announced a special dividend of HKD 0.037 per share for the fiscal year 2025, with an ex-dividend date of August 29, 2025, and a payment date of September 15, 2025, as per the board's proposal [1]