Nova (NASDAQ:NVMI – Get Free Report) and Mobix Labs (NASDAQ:MOBX – Get Free Report) are both computer and technology companies, but which is the better business? We will contrast the two companies based on the strength of their dividends, valuation, institutional ownership, earnings, profitability, risk and analyst recommendations. Get Nova alerts: ProfitabilityThis table compares Nova and Mobix Labs’ net margins, return on equity and return on assets.Net MarginsReturn on EquityReturn on AssetsNova29.10%24 ...

Core Viewpoint - Recent significant spending in data centers has heightened concerns about a potential artificial intelligence bubble, with AMD's stock experiencing a nearly 60% increase in October followed by a decline of about 20% in November [1][3] Company Insights - AMD's CEO, Lisa Su, expressed confidence in the long-term potential of AI technology, suggesting that concerns about an AI bubble are shortsighted [3] - The company is engaging in bold financing arrangements to secure partnerships, such as offering warrants to OpenAI for discounted stock purchases, which raises concerns about the sustainability of the AI investment boom [3] - Su emphasized that under-investing poses a greater risk than over-investing in the current market environment [3] Industry Trends - The exploration of AI applications by technology companies is still in its early stages, indicating potential for future growth despite current market volatility [3] - The trend of significant capital allocation towards AI and related technologies is expected to continue, driven by companies willing to take substantial risks [3]

【导读】下周2只新股可申购，摩尔线程将成"国产GPU第一股" 中国基金报记者 闻言 A股打新投资者注意啦！ 根据目前发行安排，下周有2只新股可申购。 2022年至2024年及2025年上半年，摩尔线程的营业收入分别为4608.83万元、1.24亿元、4.38亿元及7.02亿元，归母净利润分别为-18.94亿元、-17.03亿 元、-16.18亿元及-2.71亿元。 | | | | | 单位: 万元 | | --- | --- | --- | --- | --- | | 项目 | 2025年1-6月 | 2024年度 | 2023年度 | 2022年度 | | | /2025年6月末 | /2024年末 | /2023年末 | /2022年末 | | 营业收入 | 70.176.19 | 43.845.95 | 12,398.19 | 4.608.83 | | 营业利润 | -27.107.83 | -161.565.51 | -170.356.49 | -189.377.95 | | 利润总额 | -27.093.66 | -161 859 69 | -170.314.98 | -189,398.34 | | ...

2013年至2015年间，移动互联网的崛起催生了科技股牛市（以下称"互联网牛"），2019年至2021年，涌现了新能源与半导体引领的赛道股牛市 （以下称"赛道牛"）；以上两段牛市均经历了类似的调整阶段。 本文将回溯A股市场的历史，对这两轮牛市调整情况进行分析，以资借鉴。 以史为鉴 本轮科技牛调整到何处 在互联网牛市中，创业板指大级别调整发生在2014年2月25日到5月19日，最大调整幅度为22.95%，持续时间57个交易日见阶段底。 在赛道牛期间，创业板指有三轮较大级别调整。其中，第一轮发生在2019年4月8日至6月10日，调整幅度超21%；第二轮发生在2020年2月26日至3 月23日，最大调整幅度近21%；第三轮发生在2021年2月至3月，调整幅度超25%。 （原标题：以史为鉴，本轮科技牛调整到哪了？高成长+高回撤+高ROE的优质科技股曝光） 科技股何时见底？ 本轮科技牛市调整已持续一段时日，部分龙头股出现了显著跌幅。在此情形下，投资者最为关注的莫过于本轮调整行情还将延续多久，以及调整 的空间会有多大。 另外，从估值角度来看，双创指数的市盈率也并没有想象中的那么高，尤其是科创50指数，按照机构一致预测的2 ...

Market Overview - The US stock market finished higher, with the S&P 500 gaining 1.0%, the Dow Jones Industrial Average climbing 493 points (1.1%), and the Nasdaq composite rising 0.9% [1][12] - The S&P 500 is now just 4.2% below its record, despite experiencing significant volatility throughout the week [2] Investor Sentiment - Investors are grappling with sharp swings in stock prices, reminiscent of the sell-off in April, raising concerns about whether prices for high-profile stocks like Nvidia and Bitcoin have become too inflated [2][3] - The uncertainty surrounding the Federal Reserve's interest rate decisions is contributing to market volatility, with some officials advocating against further cuts due to persistent inflation [5] Company Performance - Nvidia's stock experienced significant fluctuations, dropping 4.3% before closing down 1%, despite a strong profit report [8][11] - Retailers like Gap and Ross Stores saw substantial gains, with Gap jumping 8.2% and Ross Stores rising 8.4% after reporting better-than-expected profits [11][12] - Homebuilders also performed well, with D.R. Horton up 6.8%, Lennar rising 5.9%, and PulteGroup gaining 5.2%, driven by hopes of lower mortgage rates [12] Cryptocurrency Market - Bitcoin briefly fell below $81,000 before recovering to around $85,000, down from nearly $125,000 last month [9] Market Dynamics - Despite the volatility, nearly 90% of stocks in the S&P 500 rose, indicating that the overall market strength may be overshadowed by the performance of large tech stocks [10] - The bond market reacted positively to expectations of potential interest rate cuts, with a significant increase in the probability of a December cut from 39% to nearly 72% [13]

Fears about the artificial intelligence boom turning into an overblown bubble have diminished for now, thanks to a stellar earnings report from Nvidia that illustrated why its indispensable chips transformed it into the world’s most valuable company.But that doesn’t mean the spectre of an AI bubble won’t return in the months and years ahead as Big Tech gears up to spend trillions of dollars more on a technology the industry’s leaders believe will determine the winners and losers during the next wave of inno ...

据悉，本次解禁股份包含两类：一是1.97亿股首发限售股（11名股东持有），二是2600万股战略配售限售股（7名股东持有），限售期均为自2024年11月 29日公司上市之日起12个月。 其中，杭州海康威视数字技术、杭州海康威视科技两家股东合计解禁1.35亿股，占本次解禁总量的60.48%。解禁后上述18名股东均无剩余限售股。 11月21日晚间，联芸科技披露首次公开发行部分限售股及战略配售限售股上市流通公告，公司2.23亿股限售股将于12月1日正式上市流通，占总股本比例 达48.52%，为上市以来大规模解禁。 | 今 开 47.00 最 高 47.88 | | --- | | 昨 收 48.39 最 低 45.52 | | 成交额 | | 換手率 | 市场分析认为，联芸科技当前市盈率较高，在估值上处于高位。而且，近期科创板行情疲软，市场整体承接力弱，公司如此大的解禁规模，的确有给公司 二级市场股价带来冲击的可能，但也有利好因素作为对冲：一方面，公司基本面良好，前三季度扣非净利润同比大增142%，扎实的业绩能一定程度上稳 定投资者信心，降低恐慌性抛售概率；另一方面，本次解禁中60.48%的股份由海康系两家股东持有， ...

Core Viewpoint - The semiconductor industry is poised for long-term growth, driven by advancements in artificial intelligence (AI), with significant investment opportunities available through exchange-traded funds (ETFs) like the VanEck Semiconductor ETF [1][11]. Investment Strategy - Investing in infrastructure related to AI is preferred over selecting individual companies, as diversification across a basket of stocks in a hot sector can mitigate risks [2][3]. VanEck Semiconductor ETF Overview - The VanEck Semiconductor ETF tracks the MVIS US Listed Semiconductor 25 index, focusing on the largest and most liquid semiconductor companies in the U.S. [4]. - The ETF has shown a strong performance, with a 38% gain in 2025 compared to a 17% gain for the Nasdaq Composite [4]. Top Holdings - Nvidia is the largest holding in the ETF, with an 18.5% weighting, followed by Taiwan Semiconductor Manufacturing, Broadcom, Micron Technology, and Advanced Micro Devices, which collectively represent nearly half of the ETF [5][6]. - Nvidia specializes in graphics processing units (GPUs) for AI workloads, while Advanced Micro Devices provides central processing units (CPUs) essential for data center operations [6]. Company Contributions - Broadcom is involved in designing AI accelerators and has partnered with OpenAI for custom AI solutions [7]. - Micron produces dynamic random access memory (DRAM) critical for AI applications, and Taiwan Semiconductor is a leading chip manufacturer for various companies [8]. Expense Ratio and Value Proposition - The VanEck ETF has an expense ratio of 0.35%, which is competitive given its focused nature and the high returns associated with the semiconductor sector [9]. - The global AI market is projected to grow from $279 billion in 2024 to $3.5 trillion by 2033, indicating a compound annual growth rate (CAGR) of 31.5% [10]. Long-term Outlook - While the ETF may not consistently double market returns, it is expected to outperform the broader market over the long term, supporting investors' retirement savings goals [11].

Market Overview - The S&P 500 experienced significant volatility last week, influenced by various factors including the decline in Bitcoin prices and strong earnings from Nvidia that did not positively impact its stock price [1] - There was uncertainty regarding potential interest rate cuts in December, contributing to market fluctuations [1] Company Performance - Nvidia reported exceptional earnings, but the stock did not see a corresponding increase, indicating possible market skepticism or profit-taking behavior among investors [1] Investment Insights - The average annual return for the private investor mentioned is 17.2%, calculated from January 2009 to the end of 2024, suggesting a strong performance in stock picking and market timing [1]

Group 1: Market Overview - The markets experienced volatility as the S&P 500 and Nasdaq closed lower, but rallied on Friday due to options expiration [1] - Nvidia's earnings report showed a 34% quarter-over-quarter revenue increase, with data center sales up 41%, indicating strong demand for high-performance GPUs [3][4] - The overall tech sector is benefiting from Nvidia's performance, which is seen as a positive signal for the AI infrastructure trade [3][4] Group 2: Nvidia's Performance - Nvidia's total revenue reached $55.556 billion, with a year-over-year growth of 58.4% and a gross margin of 73.5% [4] - The company's strong earnings are a reflection of robust capital expenditures in AI by major tech platforms like Microsoft, Amazon, and Meta [4][37] - CEO Jensen Huang emphasized that the current demand is the start of a new industrial revolution, dismissing fears of an AI bubble [3][37] Group 3: Macro Economic Indicators - Jobless claims have slightly increased, but inflation expectations remain stable, supporting a favorable environment for equities [5] - Bond yields have eased, providing more room for equities to breathe, aligning with the conditions for a potential "Santa Rally" [5][8] - December is historically a strong month for equities, with average gains of 1.5% to 2.0% expected [8] Group 4: Technical Analysis - The S&P 500 closed below its 50-day moving average, indicating a loss of bullish momentum [11][15] - The Nasdaq Composite fell nearly 2.75% over the week, with AI-related stocks declining more than 5% [16] - The market breadth has weakened, showing a shift from accumulation to distribution [11][15] Group 5: AI Trade Concerns - The AI trade is under scrutiny due to rising valuations and concerns over the pace of rate cuts, with significant debt issuance in AI-leveraged firms [20][21] - The 5-year CDS spread for Oracle has surged, indicating increased costs to insure its debt, reflecting market caution [21][33] - Investors are questioning whether the recent correction in AI stocks is a thesis shift or a necessary price correction [34] Group 6: Future Outlook - The structural opportunity for AI remains substantial, with potential productivity gains of $4.4 trillion identified by McKinsey [35] - The market for code-generation tools is projected to grow at a CAGR of about 53% from 2024 to 2029 [35] - Companies that effectively adopt AI are expected to see significant revenue increases, but the current weakness in AI stocks may present a tactical entry point for investors [38][45]