Group 1 - The article discusses the resilience of the market in the face of various crises, including inflation fears, tariffs, and geopolitical tensions, suggesting that these factors have not significantly impacted the long-term bullish trajectory driven by AI [1][2][6] - Investors are increasingly confident in the upcoming earnings season, particularly for major tech companies and AI-related firms, which are expected to show strong performance and continue to drive the market to new highs [2][12] - The "TACO" trading strategy has gained popularity among Wall Street traders, betting that the Trump administration will back down from aggressive tariff threats, leading to market rebounds after initial declines [7][8] Group 2 - Despite rising indicators of market pressure, traders are showing increased risk tolerance, with low volatility across asset classes indicating a potential for continued upward movement in risk assets [3][6] - Major tech companies, particularly those involved in AI, are projected to lead earnings growth, with Nvidia and Microsoft expected to drive significant increases in profitability, contributing to the overall bullish sentiment in the market [12][13] - The demand for AI infrastructure remains strong, with major clients committing to increased spending on AI capabilities, which is seen as a key driver for stock market performance [13]

智通财经APP获悉，有着"AI芯片霸主"称号的英伟达(NVDA.US)股价在周三再创历史新高并且一举成为全球金融历史 上首家市值达到4万亿美元的公司，巩固了其在全球金融市场的最核心地位。英伟达股价在周三股价一度上涨近3%， 创下164.42美元的历史新高，一度突破4万亿美元这一里程碑，最终收盘市值约3.98万亿美元，股价收于162.88美元。 然而，对于长期钟情于英伟达以及AI算力产业链的投资者们来说，席卷全球的"AI信仰"对于算力领军者们的股价"超级 催化"远未完结，"AI总龙头"英伟达的市值冲5万亿美元市值之路正式扬帆启航，在一家华尔街投资机构看来甚至有望 冲击6万亿美元。 英伟达股价在年初曾因中国AI新势力DeepSeek推出的"极低成本AI大模型"所带来的AI支出担忧情绪，以及重返白宫的 特朗普发起的史无前例贸易战而承压，但随着科技巨头们坚定斥巨资投入AI算力基础设施领域的背景下，英伟达股价 随后不久在AI投资热潮再度席卷全球的强势推动下出现惊人反弹。该股自4月低点以来反弹超70%，自2023年初以来累 计涨幅超过惊人的1,000%。英伟达目前占标普500指数权重达7.5%，接近美股历史上最高等级的市 ...

Core Viewpoint - Bank of America projects a compound annual growth rate (CAGR) of 35% for Ibiden's electronic components business over the next five years, driven by surging demand for GPU packaging substrates used in AI chip production [1] Group 1: Company Performance and Projections - Ibiden is expected to significantly increase its production capacity by 60-70% from 2024 to 2026, capitalizing on the historical expansion opportunities in ASICs [1][13] - The EPS forecast for Ibiden has been raised substantially through fiscal year 2028 due to the explosive growth in demand for ABF advanced packaging substrates [1] - Bank of America has upgraded its earnings expectations and 12-month target price for Ibiden, indicating strong confidence in the company's future performance [9] Group 2: Market Demand and Trends - The demand for ABF packaging substrates is closely tied to the production of AI chips, particularly Nvidia's Blackwell series, which is expected to enter a "super growth cycle" in the second half of the year [2][5] - The AI chip market, including GPUs and ASICs, is projected to grow from $126 billion in 2024 to over $400 billion by 2027, and reach at least $650 billion by 2030 [16] - The increasing reliance on ABF substrates for high-performance AI chips is driven by their superior electrical and thermal properties, which are essential for advanced packaging systems [7][8] Group 3: Competitive Landscape - Nvidia's AI GPUs currently account for over 80% of Ibiden's ABF substrate sales, but the share of AI ASICs is expected to approach 20% by 2030 [9][16] - Major cloud computing giants are securing long-term orders with Ibiden and other select Taiwanese packaging manufacturers, indicating strong demand for advanced packaging solutions [9][10] - The rapid growth in AI chip shipments is forcing substrate manufacturers to expand their high-end ABF production capacity ahead of schedule to meet the increasing output [10]

在季度财报发布前夜，英伟达迎来关键利好消息，该公司新一代GB200 AI服务器机架的技术障碍已获 突破。 据《金融时报》5月28日报道，英伟达的供应链合作伙伴已攻克GB200 AI服务器机架的一系列技术难 题，出货量正在迅速攀升。这一进展缓解了市场对其430亿美元季度营收目标的担忧，也为周三的财报 披露注入强心剂。 咨询公司SemiAnalysis的台北分析师Chu Wei-Chia表示： 这项技术确实非常复杂。没有公司曾尝试在如此短的时间内让这么多AI处理器同时在服务 器中工作，而且时间框架如此短。英伟达没有给供应链足够的准备时间，因此导致（供应） 延迟。随着制造商在下半年增加机架产量，GB200的库存风险将会缓解。 这些突破为英伟达打了一剂强心针。去年公司CEO黄仁勋宣布推出Blackwell时，曾承诺该产品将大幅 提升训练和使用大型语言模型所需的计算能力。同时，英伟达还正在为下一代GB300 AI机架的推出做 准备，该机架具有增强的内存能力，设计用于处理更复杂的推理模型。 市场聚焦英伟达财报 GB200关键技术突破缓解市场担忧 上周，在台北Computex大会上，英伟达的合作伙伴富士康、英业达和纬创表示 ...