Disclaimer Confidentiality This presentation is confidential and may not be reproduced or distributed to others at any time without our prior written consent. Forward-Looking Statements Camtek Investor Presentation February 2026 This presentation contains forward-looking statements within the meaning of the federal securities laws. You can identify these statements by our use of the words "anticipates," "assumes," "believes," "estimates," "expects," "guidance," "intends," "plans," "projects," "can," "could, ...

龙迅股份回复称，公司与英伟达在汽车电子、高端显示领域保持深度参考设计合作，部分产品已量产， 协同效应持续释放。公司专注为智能终端、相关设备及AI应用打造高效稳定的数据处理与互连方案， 构建高速可靠的数据传输通道。依托在高带宽SerDes、高速接口协议处理与数据加密、高清音视频处理 及显示驱动等领域的核心技术优势，公司产品可实现数据的高效传输与处理，保障计算、存储及显示单 元间的流畅交互，广泛应用于智能视觉终端、智能车载、AR/VR设备及AI与高性能计算等场景。通过 融合高清视频处理显示、智能感知与人机交互等技术，公司芯片为下一代端侧AI应用奠定了坚实技术 底座。据沙利文数据，按2024年收入统计，公司在视频桥接芯片领域位居中国大陆企业第一、全球前 五。 格隆汇3月23日｜有投资者在互动平台向龙迅股份提问：公司与英伟达有没有业务合作？公司产品技术 实力如何？ ...

For years, the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) have appeared unstoppable. The evolution of artificial intelligence (AI), record corporate share buybacks, and the prospect of lower interest rates have fueled this bull market rally. But the foundation for one of Wall Street's key pillars is crumbling, and neither Wall Street nor everyday investors are ready for it. Will AI create the world's first trillionaire? Our team ju ...

图源：Wind 具体来看， 截至收盘，沪指跌3.63%，深成指跌3.76%，创业板指跌3.49%。 沪深两市成交额2.43万亿，较上一个交易日放量1447亿。 全市场 超5100只个股下跌，其中133只个股跌停 。 图源：21财经客户端 记者丨金珊 李益文 黎雨辰 编辑丨江佩霞 3月23日，亚太股市集体重挫。 日经225指数收跌3.48%， 韩国综指收跌6.49%。早盘时，韩国交易所KOSPI 200期货下跌5%触发熔断（ 详见 ）。A股三大指数均跌超3%， 沪指尾盘勉强守住3800点关口。港股恒生指数、恒生科技指数盘中双双跌超4%。 此外，高度不确定性的环境下， "抗波动"成为多家机构短期建议的配置思路。 "短期重视低波资产，全年周期资源战略价值，科创待风险偏好流动性改善。在地缘油价明晰前，年报季底部区域配置更重视稳定低波，关注 煤炭、农业、保险、电新、恒生科技等。若地缘油价缓解，风偏回暖+流动性舒缓下，科创AI也或更具弹性。" 华创证券分析师 姚佩指出。 中欧基金建议，虽然AI浪潮仍在，但成长题材的趋势性可能会出现减弱。在波动率提升的背景下，由于国内PPI的回升预期，在股票和债券资 产配置间的切换较难提供 ...

Core Viewpoint - The demand for memory chips, particularly driven by artificial intelligence accelerators, has led to a significant supply shortage, resulting in soaring prices and substantial stock performance for Micron Technology [1][2]. Company Overview - Micron Technology is a semiconductor company specializing in memory and storage solutions for various applications, including personal computers, mobile devices, data centers, and automotive systems [3]. - It ranks as the third-largest manufacturer of DRAM memory products, following Samsung Electronics and SK Hynix [3]. Financial Performance - In the second quarter of fiscal 2026, Micron reported a revenue increase of 196% to $23.8 billion, attributed to record sales in DRAM, HBM, and NAND memory products [4]. - Non-GAAP net income surged 682% to $12.20 per diluted share during the same period [4]. - Despite strong financial results, Micron's stock price declined post-report due to investor concerns about the sustainability of this growth [4]. Industry Dynamics - The memory chip industry is characterized by cyclical boom-and-bust cycles, with prices influenced by supply and demand dynamics [5][6]. - Historically, the industry has experienced periods of supply shortages that drive prices up, followed by supply gluts that lead to price declines [6]. - The COVID-19 pandemic marked a significant inflection point, increasing demand for memory chips as remote work surged, leading to peak prices in 2022 before a notable decline in 2023 [7]. Current Market Conditions - The current supply shortage is attributed to a lack of investment in new production capacity during the AI boom, which has hindered the ability of companies like Micron to meet rising demand [9]. - Micron, along with competitors like Samsung and SK Hynix, is actively working to increase production capacity, with new facilities expected to be operational by 2027 [10]. Future Projections - Wall Street anticipates that Micron's earnings will peak in 2027, with adjusted earnings expected to reach $92.35 per diluted share before declining significantly by 2029 [13]. - If the market applies a similar valuation multiple as seen in previous cycles, Micron's stock could potentially reach $554 per share by late 2027 [13].

Core Viewpoint - Nvidia is expected to utilize at least 50% of its free cash flow (FCF) for shareholder returns through buybacks and dividends, particularly in the latter half of the fiscal year [2][3]. Financial Performance - In fiscal 2026, Nvidia reported $215.9 billion in revenue and $96.6 billion in FCF, allocating $41.1 billion for stock buybacks and dividends, which is 42.6% of its FCF [3]. - Analyst estimates predict earnings per share of $8.28 for fiscal 2027, a 69% increase from $4.90 in fiscal 2026, suggesting a potential FCF of $163.3 billion for fiscal 2027, leading to over $80 billion in buybacks and dividends [4]. Dividend Strategy - Currently, Nvidia pays a quarterly dividend of $0.01 per share, costing $974 million in fiscal 2026, with most capital returns directed towards buybacks [5]. - The significant projected FCF and trends among other major tech companies indicate a strong case for Nvidia to increase its dividend [6]. Business Model Evolution - Nvidia's software is integrated into its hardware solutions, which positions the company to benefit from a shift towards recurring revenue through AI deployment rather than relying solely on hardware sales [9][10]. - The transition to an inferencing model allows Nvidia to generate recurring revenue from enterprise software, support contracts, and licensing, reducing dependence on hardware sales [11][12]. Investor Attraction - Implementing a dividend could attract a broader investor base, particularly those seeking passive income, and could lead to regular annual increases in dividends similar to practices by Microsoft and Apple [13].

Core Insights - Nvidia's CEO Jensen Huang predicts that demand for AI chips will reach at least $1 trillion by 2027, doubling last year's forecast, indicating a significant shift in the chip industry towards interconnectivity as the bottleneck for AI computing power transitions from processing to connectivity [1][9] - The establishment of organizations like XPO MSA and Open CPX MSA at the OFC 2026 conference highlights the industry's consensus on the necessity of optical interconnects for AI data centers, with Arista leading the development of new liquid-cooled pluggable optical modules capable of 12.8 Tbps [1][2] Interconnect Bottleneck Shift - Huang's "Huang's Law" suggests that while processing power can continue to improve through advancements in manufacturing and 3D packaging, the I/O rates between chips are lagging, creating an "I/O wall" that limits the expansion of AI clusters [1] - Traditional copper cabling is nearing its physical limits in handling frequencies of 800G and above, restricting effective transmission distances to under 1 meter for 400G SerDes, which hampers the scalability of AI clusters across cabinets [1] Industry Index and ETF - The Shanghai Stock Exchange's Sci-Tech Innovation Board Chip Index (000685) is designed to serve as a benchmark for the entire "computing power + interconnect" industry chain, including semiconductor equipment, wafer manufacturing, chip design, and PCB materials [2][3] - The index includes up to 50 leading companies from the semiconductor industry, ensuring comprehensive coverage of key segments related to the interconnect revolution [3] ETF Performance and Structure - The Guotai Sci-Tech Chip ETF (589100) closely tracks the Sci-Tech Innovation Board Chip Index, providing investors with a standardized tool to replicate index returns [4] - As of March 16, 2026, the ETF has demonstrated a tracking error of only 0.007%, indicating high precision in mirroring the index's performance [5] - The ETF's holdings are well-aligned with the index, balancing heavy and light asset segments to match the comprehensive coverage of the industry chain [6] Investment Value of Interconnect Revolution - The rise of the interconnect revolution signifies a deeper investment logic in the chip sector, emphasizing the importance of interconnect infrastructure that supports computing clusters, rather than solely focusing on the chips themselves [8] - The demand for interconnect technology is expected to grow steadily, driven by Nvidia's forecast of $1 trillion in AI chip demand, which will also boost the demand for related interconnect devices and materials [8] - Domestic companies in the optical chip and high-speed PCB sectors are positioned to benefit from low domestic production rates and external capacity shortages, as evidenced by significant revenue growth in companies like Solstice [8]

全世界晶片廠 都輸了！ 馬斯克一句話 直接把業界打臉 沒有一家能 做到一氣呵成！ Terafab起步 就在Giga Texas 同一棟樓裡 從做光罩 造晶片 測試到改設計 再做新光罩 全程閉環！ Elon直言 全球沒第二個 地方辦得到！ 這不是蓋廠 這是馬斯克 給AI鬆綁 的第一刀！ 從地球牢籠 直接衝向星際 你說 這會不會讓 Tesla直接起飛？. ...

Geopolitical tensions are rising across multiple regions, and while some sectors benefit from global instability, others face significant downside risk. 5 Stocks at Risk if Geopolitical Tensions Get Worse By Tafara Tsoka Stock Markets Published 03/23/2026, 02:49 AM 5 Stocks at Risk if Geopolitical Tensions Get Worse View all comments (0)0 Tafara Tsoka Articles(207) Follow BA-3.01% QCOM-1.05% AAPL-0.39% DAL-2.42% Asia stocks sink; Japan, S.Korea lead losses as Iran crisis worsens Gold slides 4%, wipes out 20 ...

算笔账 一批十万的呆料压在库存 每月仓储费➕资金成本至少5k 放半年就亏3万 有料单不知道怎么推广？ 芯片超人已经 累计服务2.2万用户 ，打折清库存，最快半天完成交易！ 找不到，卖不掉，价格还想再好 点 ，都可以来找我们！ 求购以下料号 | 品牌 | 型号 | 数量 | 年份 | | --- | --- | --- | --- | | 英飞凌 | MA5332MS | 3K | | | ST | LSM6DSOTR | 20K | | | ST | LIS2MDLTR | 20K | | | ST | STM32H743VIH62000pcs | | | | 瑞萨 | ISL99360FRZ | 12K | | | | T | | | | 瑞萨 | ISL99227BFRZ | 3K | | | | T | | | | TI | TPS62932DRLR4K | | | | U-BLOX | NEO-F9P-15B | 1250pcs | | | Diodes | AP64500SP-13 | 12K | | | ADI | ADL5561ACPZ | 300个拆包 | | | | R7 | | | | S ...