Jensen Huang, chief executive officer of Nvidia Corp., during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC, US, on Wednesday, Nov. 19, 2025.Stefani Reynolds | Bloomberg | Getty ImagesThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. Nvidia enters the chatShares of Nvidia and Alphabet have diverged in recent days as the latter steps into the artificial intellige ...

思特威表示，公司将继续围绕智能手机高端影像需求，在高像素传感器、HDR技术、低功耗架构等方向加大研发投入，同时积极拓展与国内外终端品牌客 户的合作深度与广度。公司也提醒投资者，高像素新品从研发、送样认证到规模量产仍需时间，相关产品对业绩的实际贡献具有不确定性，建议理性评估市 场预期，关注公司后续正式公告与定期报告披露情况。 （校对/秋贤） （文/罗叶馨梅）11月26日，有投资者在互动平台询问思特威（688213.SH），在豪威集团宣布其2亿像素手机图像传感器已获客户认证导入的背景下，思特 威此前仅披露推出5000万像素手机传感器产品，是否意味着在高像素手机CIS领域落后一代，以及公司是否布局2亿像素手机传感器。思特威在回复中明确 表示，近期已成功推出智能手机2亿像素CIS产品。 在最新披露中，公司强调，针对高端主摄、超长焦等智能手机关键成像模块，思特威持续实现技术突破和产品迭代，近期成功推出的智能手机2亿像素CIS 产品，正是公司在自主研发道路上稳步前行的重要成果之一。相关产品后续将根据终端品牌客户导入节奏逐步推进。 从行业趋势看，高像素CIS已经成为智能手机影像升级的重要方向，头部终端厂商在旗舰及高端机型中 ...

Core Viewpoint - The analysis indicates that Alphabet is positioned as a stronger investment opportunity compared to Nvidia for 2026, driven by its diversified revenue streams and the expansion of its TPU ecosystem [10]. Alphabet (GOOGL) Summary - Alphabet enters 2026 with a strong position following robust performance in 2025, supported by the growth of the Gemini ecosystem, increased advertising revenue, and growth in Google Cloud [2]. - The adoption of Google's tensor processing units (TPUs) by major tech firms like Meta is seen as a cost-effective alternative to Nvidia's GPUs, particularly in the inference segment [3]. - Alphabet's diverse revenue sources, including advertising, YouTube, cloud services, subscriptions, and consumer AI, enhance its resilience against potential AI spending slowdowns [4]. - The rollout of Gemini-powered features across various platforms is expected to create new monetization opportunities, an area where Nvidia lacks direct involvement [4]. Nvidia (NVDA) Summary - Nvidia remains a key player in the AI supply chain, experiencing significant revenue growth in 2025 due to strong demand for its GPUs [5]. - The stock is trading at a premium, making it susceptible to sharp declines if revenue or enterprise spending decreases [5]. - Competitive pressures are increasing as major companies like Meta, Amazon, and Microsoft develop their own chips, potentially reducing reliance on Nvidia's GPUs [7]. - Any shift towards in-house silicon by these companies could adversely affect Nvidia's growth, and a slowdown in AI infrastructure spending would impact Nvidia more severely than Alphabet [8]. - Nvidia is expected to face greater price volatility in 2026, influenced by earnings reactions and competitive developments [8]. Verdict - The analysis concludes that Alphabet presents a more attractive balance of growth, diversification, and valuation support for 2026, while Nvidia, despite its potential for high returns, carries higher near-term risks [10][11].

Core Insights - ASML Holdings NV has seen an increase in its quality score, rising to 90.18 from 89.87, indicating a strengthening fundamental profile [1][2] Group 1: Quality Score and Financial Health - The quality score is a composite ranking that evaluates operational efficiency and financial health, based on historical profitability metrics and fundamental strength indicators relative to peers [3] - ASML's movement into the 90th percentile for quality suggests that its operational efficiency is aligned with its rapid technological expansion [3] Group 2: Revenue Growth and Market Position - Analysts forecast significant revenue growth for ASML, driven by its monopoly on extreme ultraviolet (EUV) lithography tools, essential for advanced memory chip production [2][5] - Goldman Sachs analysts project that ASML's revenue could more than double its expectations for 2030, reflecting a bullish long-term outlook [4] Group 3: Market Expansion and Strategic Partnerships - ASML is expanding its presence in key Asian markets, including a new 16,000-square-meter Hwaseong Campus in South Korea to enhance R&D collaboration with Samsung Electronics and SK Hynix [6] - Despite geopolitical tensions, ASML remains committed to the Chinese market, which is expected to account for over 25% of its total sales by 2025, driven by AI demand across various industries [7] Group 4: Stock Performance - ASML's stock closed at $1,003.22, up 1.56% on Tuesday and 2.49% in premarket trading on Wednesday, with a year-to-date increase of 43.23% and a 49.30% rise over the year [7]

Core Viewpoint - Investors are concerned that Nvidia's leading market share in AI chips may face challenges from Alphabet, Google's parent company, as it develops its own AI chip technology [1] Group 1 - Nvidia currently holds a dominant position in the AI chip market, which is a critical area for growth in the tech industry [1] - Alphabet's entry into the AI chip market could disrupt Nvidia's market share, raising concerns among investors [1]

The Information：中国监管机构阻止字节跳动在新数据中心使用英伟达芯片。外汇交易员 (@myfxtrader):路透：中国政府已发布指导意见，要求所有获得国家资金的新数据中心项目只能使用国产AI芯片。完成度低于30%的数据中心拆除所有已安装的外国芯片，或取消购买计划；而对于完成度更高的项目，将视具体情况而定。新的指导方针涵盖了英伟达的H20芯片，也涵盖了更强大的处理器，例如B200和H200。 ...

Core Insights - The Federal Reserve is facing a divided stance on potential rate cuts as economic indicators show mixed signals regarding inflation and growth [1] - Retail spending is slowing down as the holiday shopping season approaches, raising concerns about consumer confidence and overall economic health [1] Group 1: Federal Reserve Insights - The Federal Reserve's decision-making is influenced by various economic factors, including inflation rates and employment data, which are currently presenting conflicting signals [1] - There is an ongoing debate within the Fed regarding the timing and necessity of rate cuts, reflecting differing opinions among policymakers [1] Group 2: Retail Sector Insights - Retailers are entering the holiday shopping season with signs of slowing consumer spending, which could impact sales forecasts and overall economic performance [1] - The slowdown in retail spending may indicate a shift in consumer behavior, potentially affecting inventory levels and pricing strategies for retailers [1]

Core Insights - Nvidia's Q3 fiscal 2026 earnings indicate a significant turning point, emphasizing that the AI surge is a foundational infrastructure build-out rather than a temporary hype [1][5] - The company reported a revenue of $57 billion, reflecting a 62% year-over-year increase and a record sequential growth of $10 billion, highlighting strong demand for AI infrastructure [2][5] - Nvidia's CEO stated that the transition to generative AI and subsequently to "agentic" and physical AI will be revolutionary, with over $500 billion in visibility for next-generation GPUs through 2026 [3][5] Financial Performance - Nvidia achieved a revenue of $57 billion, which is a 62% increase compared to the previous year, and a sequential growth of $10 billion [2] - The demand for AI infrastructure is exceeding expectations, indicating robust market conditions for Nvidia's offerings [2] Industry Implications - The AI boom is characterized as a foundational cycle rather than a bubble, with Nvidia positioning itself as a key player in the essential infrastructure akin to roads and utilities [5] - The company anticipates that AI will increasingly integrate into various sectors, including medicine, banking, transportation, and retail, automating workflows and decision-making processes [6]

Wondering why Nvidia stock has crushed the market this year? These metrics break it down.In the debate over whether AI (artificial intelligence) spending is peaking or only getting started, Nvidia (NVDA 2.56%) just delivered another quarter that strongly supports the latter view. The AI chip specialist reported record results, pointing to a still-growing pipeline of demand as cloud providers race to build new AI infrastructure.The quarter was impressive by every measure. Nvidia's revenue growth accelerated ...

台积电强调，罗唯仁掌握的公司营业秘密及机密资讯关乎企业核心竞争力，其离职后即加入直接竞争对手阵营的行为，已严重 违反双方约定，极有可能导致相关核心技术信息被不当使用、泄漏或转移，对公司权益构成重大威胁。目前，相关诉讼已进入 司法程序，后续进展有待法院进一步审理裁决。 值得注意的是，11月20日，英特尔CEO陈立武在出席半导体产业协会（SIA）年度颁奖典礼时，针对该传闻作出公开回应。他 明确表示，外界关于罗唯仁携带机密文件加盟的指控"都是谣言与臆测"，并强调"英特尔向来尊重他人知识产权"，间接回应了 商业秘密侵权的相关质疑。 公开资料显示，罗唯仁于 2004 年 7 月加入台积电，2014 年 2 月晋升为资深副总经理，长期深耕公司核心运作体系，对台积电 先进制程技术的发展路径与长期规划拥有高度接触权和掌控力，是公司内部关键高阶主管之一。2024 年 3 月，台积电将其调 任至 "企业策略发展部" 担任资深副总经理，该部门定位为董事长暨总裁的咨询幕僚单位，职责范围内无需参与研发部门的监 督与管理工作。但台积电在诉讼中指出，罗唯仁调任后仍要求研发部门召开专项会议并提供相关资料，持续追踪公司先进制程 技术的研发进展 ...