英特尔大涨超10%。 周五（11月28日），美国股市三大指数连续第五个交易日上涨。 截至收盘，道琼斯工业指数涨0.61%，报47716.42点；标普500指数涨0.54%，报6849.09点；纳斯达克综合指数涨 0.65%，报23365.69点。本周，道琼斯工业指数涨3.18%，标普500指数涨3.73%，纳斯达克综合指数涨4.91%。11月， 道琼斯工业指数涨0.32%，标普500指数涨0.13%，纳斯达克综合指数跌1.51%。 美股上市的大型科技股多数上涨，脸书涨超2%，亚马逊、微软涨超1%，特斯拉、苹果、谷歌小幅上涨；英伟达跌逾 1%。 芯片股普遍上涨，费城半导体指数涨1.82%，英特尔涨超10%，美光科技、ARM涨超2%，阿斯麦、超威半导体、高通 等涨超1%。 英特尔创9月18日以来最大单日涨幅。据媒体报道称，知名苹果分析师表示，预计英特尔将开始出货苹果公司最低端的 M系列处理器，最早可能在2027年开始。 黄金股表现强劲，泛美白银涨超7%，科尔黛伦矿业涨逾6%，美国黄金涨超5%，金罗斯黄金、埃尔拉多黄金涨超2%。 美国股市的反弹主要始于上周五，当时纽约联储主席、美联储联邦公开市场委员会（FOMC）副 ...

中概股多数上涨，纳斯达克中国金龙指数涨0.54%。热门中概股方面，有道涨超10%，霸王茶姬涨逾6%，比特小鹿涨 超5%，硕迪生物涨逾4%，小鹏汽车涨超3%。下跌个股方面，小牛电动跌超4%，云米科技跌超3%，陆控、奇富科技 跌逾1%。 大型科技股多数走高 美股上市的大型科技股多数上涨，脸书涨超2%，亚马逊、微软涨超1%，特斯拉、苹果、谷歌小幅上涨；英伟达跌逾 1%。 英特尔大涨超10%。 周五（11月28日），美国股市三大指数连续第五个交易日上涨。 截至收盘，道琼斯工业指数涨0.61%，报47716.42点；标普500指数涨0.54%，报6849.09点；纳斯达克综合指数涨 0.65%，报23365.69点。本周，道琼斯工业指数涨3.18%，标普500指数涨3.73%，纳斯达克综合指数涨4.91%。11月， 道琼斯工业指数涨0.32%，标普500指数涨0.13%，纳斯达克综合指数跌1.51%。 | 序号 | 代码 | 名称 | 现价 | 涨跌 | 涨跌幅 | 年初至今 | | --- | --- | --- | --- | --- | --- | --- | | 1 | DJI | 道琼斯工业平均 | 4771 ...

本文字数：1417，阅读时长大约3分钟 作者 | 第一财 经 樊志菁 美股在感恩节后首个交易日全线收涨，市场对美联储12月降息的预期依然强烈。截至收盘，道琼斯工业平均指数上涨289.30点，涨幅0.61%，收于 47716.42点，纳斯达克指数上涨0.65%，收于23365.69点，标准普尔500指数上涨0.54%，收于6849.09点。 本月，由于市场对人工智能（AI）企业未来盈利能力的疑虑升温，科技股出现回调，拖累了主要股指的月度表现。 纳斯达克综合指数11月累计下跌近 2%，终结了此前连续七个月的上涨势头； 得益于本周的上涨， 标准普尔500指数和道琼斯工业平均指数月度小幅走高，实现了连续七个月收涨。 从周度表现来看，道指本周累计上涨逾3%，纳指和标普500指数上涨近4%。 热门股表现 纳斯达克中国金龙指数涨0.54%，京东涨1.4%，百度涨0.5%，网易涨0.3%，拼多多涨0.2%，阿里巴巴跌0.2%。 市场概述 扎克斯投资管理公司（Zacks Investment Management）客户投资组合经理马尔伯里（Brian Mulberry）表示："市场情绪已回归至偏向风险偏好的 状态，目前市场有8 ...

Group 1: Market Performance - In November, the Dow Jones Industrial Average rose by 0.32% and the S&P 500 increased by 0.13%, marking the seventh consecutive month of gains for both indices [1] - The Nasdaq index, however, fell by 1.51%, ending its previous seven-month streak of increases [1] Group 2: Intel's Market Movement - Intel's stock surged by 10.19%, attracting significant market attention [2] - Notable gains were also observed in other major tech stocks, including Apple (up 0.47%), Microsoft (up 1.32%), Amazon (up 1.77%), Broadcom (up 1.36%), Meta (up 2.26%), and Tesla (up 0.84%) [2] Group 3: Intel's Supply Chain Developments - Analyst Ming-Chi Kuo indicated that Intel is expected to start shipping Apple's entry-level M-series processors as early as 2027, with increased visibility in becoming a supplier for Apple's advanced processes [5] - Reports suggest that Intel may provide packaging services for Google's TPU, as many large tech companies are seeking Intel's packaging technologies due to a lack of domestic packaging facilities in the U.S. [5] - TrendForce anticipates that Intel could provide packaging technology for Google's TPU v9, expected to launch in 2027, and there are rumors that Meta's MTIA AI chip will also utilize Intel's packaging technology [5] Group 4: December Market Outlook - Goldman Sachs noted that the U.S. stock market is becoming clearer as volatility decreases and market breadth improves, with indicators showing a stabilization trend entering December [6] - The market breadth, measured by the five-day moving average of the difference between advancing and declining stocks in the S&P 500, rebounded significantly from -150 to around +150, indicating a broader participation in the market [6] - The volatility index is currently around 5, slightly above the three-year average and significantly lower than the highs seen in early November [6] Group 5: AI Market Predictions - HSBC forecasts that the S&P 500 index will rise to 7500 points by December 2026, driven by increased capital expenditure in AI as the AI arms race intensifies [6] - The report suggests that while the AI market is currently dominated by a few tech giants, a broader dispersion effect is expected by 2026, with AI beneficiaries emerging from downstream sectors of cloud giants [7] - HSBC emphasizes that the ongoing AI arms race will lead to a wider adoption of AI technologies beyond just the largest cloud service providers [7]

Market Overview - On November 28, US stock indices collectively rose, with the Dow Jones up 0.61% to 47,716.42 points, the Nasdaq up 0.65% to 23,365.69 points, and the S&P 500 up 0.54% to 6,849.09 points [2] - For November, the Dow Jones increased by 0.32% and the S&P 500 by 0.13%, marking the seventh consecutive month of gains for both indices, while the Nasdaq fell by 1.51%, ending its seven-month upward streak [2] Company Highlights - Intel's stock surged by 10.19%, drawing market attention due to a report from analyst Ming-Chi Kuo, indicating that Intel is expected to start shipping Apple's entry-level M-series processors as early as 2027 [2] - Additionally, Intel is reportedly set to provide packaging services for Google's TPU, as highlighted in a TrendForce report, which noted a lack of domestic packaging facilities in the US [3] - TrendForce anticipates that Intel may offer packaging technology for Google's TPU v9, expected to launch in 2027, and there are rumors that Meta's MTIA AI chip will also utilize Intel's packaging technology [3] December Market Outlook - Goldman Sachs indicated that the US stock market is becoming clearer as volatility decreases and market breadth improves, with a significant rebound in the number of advancing stocks compared to declining ones [5] - The volatility panic index is currently around 5, slightly above the three-year average, and significantly lower than the highs seen in early November [5] - HSBC forecasts that the S&P 500 index will rise to 7,500 points by December 2026, driven by increased AI capital expenditure amid an intensifying AI arms race [5][6] - Although the current AI market is dominated by a few tech giants, HSBC analysts expect a broader dispersion effect by 2026, with AI beneficiaries emerging from downstream sectors of cloud giants [6]

Market Performance - US stock indices recorded gains with the Dow Jones up 0.61%, Nasdaq up 0.65%, and S&P 500 up 0.54%, marking a five-day winning streak [1][2] - Major technology stocks mostly rose, with Facebook increasing over 2%, Amazon and Microsoft rising over 1%, while Nvidia fell nearly 2% [2] Semiconductor Sector - The storage chip sector led the market, with SanDisk rising approximately 6% before closing up 3.83%, Western Digital up over 3%, and Micron Technology up 2.71% [2] - A research institution predicts that due to chip shortages, storage chip prices are expected to rise by about 50% by the second quarter of 2026 [2] Intel Performance - Intel shares rose over 10% after analyst Ming-Chi Kuo stated that Intel is expected to start shipping Apple's lowest-tier M-series processors as early as 2027 [2][3] Chinese Stocks - The Nasdaq Golden Dragon China Index increased by 0.54%, with notable gains in stocks such as Youdao up over 10% and XPeng Motors up over 3% [3] - However, NIO fell over 4%, and Meituan dropped over 2% [3] Commodity Prices - Metal prices surged, with silver and copper reaching record highs; silver rose 5.7% to $56.46 per ounce, while copper hit $11,210.50 per ton [4][5] - Gold prices also increased by 1.48%, reaching $4,218.55 per ounce, marking the highest level in two weeks [4][5] Oil Prices - International oil prices fell, with WTI crude down 1.05% to $58.48 per barrel and Brent crude down 0.87% to $62.32 per barrel, marking the fourth consecutive month of decline [5] Federal Reserve Expectations - Market expectations for a Federal Reserve rate cut in December have increased, with an 86.4% probability of a 25 basis point cut, up from 40% a week prior [6] - The tightening supply of silver and increased inflows into physical silver ETFs have provided strong support for silver prices [6]

| < < | 标普500指数 ● Q | | --- | --- | | 指 US.INX | | | 6849.090 | +36.480 +0.54% | | 今井 | 6822.520 最高 6850.860 量 14.53亿 | | 昨日 | 6812.610 最低 6819.750 振幅 0.46% | | 换手 | 0.13% 总市值 65.30万亿 | | 52周最高 6920.340 52周最低 4835.040 | | | 标普500指数期货 6860.76 +0.02% | | | 相关ETF 标普500ETF南方 1.840 +0.66% | | | 分时 - 五日 - 日K - 周K - 月K | 曲文 A | | 均价 :- 最新:6849.090 +36.480 +0.54% | | | 6850.860 | 0.56% | | 6812.610 | 0.00% | | 黑周五提前3小时收盘 Nov 28 01:03PM EST | | | 上涨 | 369 下跌 129 平盘 57 | -0.56% 6774.360 09:30 12:30 16:00 分时量 · 14.53亿 ...

Core Viewpoint - The article emphasizes the importance of unifying instruction set architecture (ISA) for the development of domestic computing chips in China, suggesting that RISC-V should be adopted as the standard ISA to enhance innovation and resource efficiency in chip development [6][14][36]. Group 1: Evolution of Chip Architecture - Over the past 40 years, processor chips have undergone a "negation of negation" spiral development path, with a recent trend of manufacturers re-entering the chip development arena, shifting from homogeneous computing systems centered on CPUs to heterogeneous computing involving CPUs and xPUs [6][7]. - The article discusses the historical evolution of computing architectures, highlighting the dominance of x86 and ARM architectures in the market, and the decline of many innovative architectures due to economic factors and ecosystem dominance [11][12][13][14]. Group 2: Challenges in Chip Development - Key challenges in the "chip war" include the level of innovation in xPU architecture, the sustainability of innovation, the ability to scale applications, and the costs associated with ecosystem innovation [7][15]. - The article points out that the economic scale and ecosystem costs are critical determinants of architecture viability, with software development costs significantly outweighing hardware costs, making it difficult for new architectures to gain traction [20][21]. Group 3: Future of Computing Chips - The article predicts that x86 CPUs will continue to dominate the server market for the foreseeable future, while ARM has potential to disrupt the x86 monopoly, particularly in cloud services and mobile applications [22][24]. - RISC-V is highlighted as a promising but challenging architecture, with its success largely dependent on overcoming commercialization hurdles and developing a robust hardware ecosystem [26][28]. Group 4: Importance of Software Ecosystem - The success of any new architecture, including RISC-V, hinges on the development of a strong software ecosystem that can support various applications and middleware, as seen with NVIDIA's CUDA ecosystem [19][20][33]. - The article stresses that software must define the success of hardware, and that many current projects in specialized architectures are limited by inadequate software support [33][34]. Group 5: Call for Unified Instruction Set - The article advocates for the unification of instruction sets, proposing that all CPUs, GPUs, and xPUs should be developed based on RISC-V and its extensions to avoid redundant efforts and resource wastage [36].