Tariffs have come down significantly since then as tensions have eased. In May, after a series of trade talks, Mr Trump reduced levies on Chinese goods to 30pc. Analysts had been hoping for progress on a trade deal with the two leaders scheduled to meet in South Korea at the end of the month.The US imposed tariffs as high as 145pc on Chinese goods earlier this year in the wake of Mr Trump’s “Liberation Day” tariffs. Beijing responded in kind with levies on US imports of 125pc, sending global markets into a ...

本文来自微信公众号： 秦朔朋友圈 （ID：qspyq2015） ，作者：黄凡，题图来自：AI生成 一年前，随着宏观政策的全面转向，我们的股市开始转势向上，逐步成了全球市场中的最亮点。从 2024年"924"行情以来，代表中国资产的主要指数，从创业板到科创板，从传统沪深市场到新兴北交 所，均处于全球遥遥领先地位。 （如下图，东方财富网数据） 当前A股市场中，人工智能AI产业相关赛道是近期的最热点，其中"易中天"和"纪连海"这两个由投资 者创意组合的概念，成了科技股行情中备受瞩目的焦点。它们分别代表了AI算力产业链上的不同环 节，其强劲上涨反映了市场对人工智能产业的高度热情。 "易中天"组合的新易盛、中际旭创、天孚通信涵盖光模块与通信设备 （AI算力的"出海链"） ，直接 受益于全球AI基础设施建设需求；而"纪连海"组合的寒武纪、工业富联、海光信息覆盖AI芯片与服 务器 （国产算力的"国产链"） ，聚焦于芯片自主可控和国内AI生态崛起。 在万千新生代投资人的追捧下，"易中天"和"纪连海"相关龙头股涨幅巨大。例如，寒武纪股价在短时 间内显著上涨，股价一度超越贵州茅台成为"A股股王"，工业富联市值更是突破万亿。 在整 ...

Billionaire Ken Fisher just turned Nvidia Corp's (NASDAQ:NVDA) latest rally into a $2.36 billion paper windfall. The fund manager is reaping big rewards from his Nvidia bet, as the chip giant's stock surged 18% from $157.99 on June 30 to $186.58 on September 30.Track NVDA stock here.A Massive Stake, A Massive GainFisher Asset Management owns 82.51 million shares of Nvidia, making it one of the firm's most prominent single-stock positions. As of June 30, those shares were worth $13.04 billion. Fast-forward t ...

A comprehensive look at trends, fund profiles, and more in exploring ETFs. Hi everyone, welcome to exploring ETFs. I'm Nina Mishra and today we are talking about artificial intelligence related stocks and ETFs.So last week was a big week for this theme because last Monday Nvidia and Open AAI they announced a strategic partnership under which the former will invest as much as hundred billion dollars in the letter. So this investment is going to support new data centers with a capacity of at least eight sorry ...

A股市场大小盘指数分化，科技成长风格占优。上证指数早盘低开后震荡回升，午间收涨0.4%报 3878.13点，日线延续近期震荡上行态势；深证成指涨0.31%，创业板指振幅加大最终微涨0.06%，科创 50指数大涨2%，刷新近四年新高，半导体板块贡献主要涨幅。全市场超2900只个股上涨，涨停个股集 中在存储芯片、有色金属等领域，主力资金呈现向科技成长板块聚集的特征。 港股市场呈现"科技强、周期弱"的分化格局，恒生指数微跌0.1%报26596.9点，恒生科技指数涨0.55%报 6358.85点，半导体与生物医药板块成为主要支撑力量，而能源业指数下跌1.67%拖累大盘表现。 A股市场科技与资源板块形成领涨梯队。存储芯片概念全线爆发，板块内多股涨停，行业涨价预期与国 产替代逻辑持续强化；半导体板块全面走强，板块内多股大涨续创历史新高，AI芯片与先进制造需求 成为核心驱动力。有色金属板块领涨两市，板块内多股涨停，受益于新能源产业链需求旺盛及全球大宗 商品价格反弹，叠加国家发改委新型政策性金融工具支持，上游资源品受到资金青睐。锂电产业链保持 强势，板块内多股连板，储能与动力电池需求支撑板块延续热度。 今日A股市场在节前最后 ...

I have no doubt that OpenAI will be able to build its own chips. I have no doubt that eventually Enthropic will be building their own chips. That every hyperscaler will build their own chip.By building your own chip, what you really get isn't your own chip. It's that you get control over your own destiny. That's the unique selling point of building your own chip. ...

Market Overview - The S&P 500 and Nasdaq 100 have reached new all-time highs, driven by expectations of Federal Reserve interest rate cuts [2][4] - The Dow Jones Industrials Index has decreased by -0.31% [1] - Higher bond yields are limiting stock market gains, with the 10-year T-note yield rising to 4.06% [3][8] Economic Indicators - The University of Michigan's September consumer sentiment index fell to a 4-month low of 55.4, below expectations of 58.0 [5] - Inflation expectations for the next 5-10 years increased to +3.9% from +3.5% in August, contrary to expectations of a decline [5][8] - Markets are pricing in a 100% chance of a -25 basis point rate cut at the upcoming FOMC meeting [6][9] Company Movements - Warner Bros Discovery (WBD) surged over +11% following reports of a potential acquisition bid from Paramount Skydance [13] - Tesla (TSLA) rose more than +5% after receiving approval for testing autonomous vehicles in Nevada [13] - Micron Technology (MU) increased by over +3% due to strong demand for AI chips, contributing to a +13% rally this week [14] - Super Micro Computer (SMCI) gained more than +2% after announcing high-volume deliveries of Nvidia systems [14] - Microsoft (MSFT) rose over +1% after reaching a preliminary agreement with OpenAI regarding their partnership [15] Declines in Stock Prices - Lululemon Athletica (LULU) fell more than -3% after a price target cut by Bank of America [16] - Oracle (ORCL) decreased over -3% amid reports of insider backing for a competing acquisition bid [17] - MGM Resorts International (MGM) declined more than -1% due to insider selling activity [18]

Group 1: Central Bank Policies - The European Central Bank (ECB) maintained interest rates at 2% and indicated that its rate-cutting cycle is over, with President Christine Lagarde stating that the bank is in a "good place" and risks to the economy have become more balanced [1][5] - The U.S. Federal Reserve is expected to resume rate cuts, with traders increasingly betting on a half-percentage point cut next week due to a significant rise in jobless claims [2][7] Group 2: Market Performance - U.S. stock indices, including the S&P 500, Nasdaq, and Dow, reached record highs, with the Russell 2000 outperforming, rising 1.8% to a new 2025 high [4] - Ten of the eleven S&P 500 sectors experienced gains, with Warner Bros shares soaring 29% and Paramount shares increasing by 15.5% following reports of a cash bid [4] Group 3: Technology Sector Insights - Oracle's share price surged by as much as 43%, raising concerns about whether the U.S. AI stock boom is a bubble, as its valuation reached nearly 50 times estimated forward earnings, the highest since the dotcom crash [12][10] - Nvidia's market capitalization has doubled since April, reaching $4.3 trillion, raising questions about the sustainability of its revenue concentration, with two customers accounting for 39% of its last quarter's revenue [13] Group 4: Market Concentration and Valuations - The combined weighting of the top five companies in the S&P 500 is nearing 30%, indicating a high level of market concentration that historically precedes downturns [14][15] - The S&P 500 tech sector is approaching its most expensive levels since 2002, with significant capital expenditure needed for AI development estimated at $6.7 trillion worldwide by 2030 [16] Group 5: Investor Sentiment - A Bank of America survey indicated that 45% of fund managers consider "long Magnificent 7" the most crowded trade in world markets, with a majority believing there is no AI bubble [17][18]

OpenAI has committed to a $300bn cloud computing contract with Oracle, expected to last nearly five years, according to a report by the Wall Street Journal citing undisclosed sources. This deal represents one of the largest cloud agreements in history. It indicates a significant investment in AI data centres amid discussions about potential market saturation, according to the publication. Scheduled to commence in 2027, the contract requires Oracle to provide 4.5 gigawatts (GW) of power capacity. This dem ...

Core Insights - Oracle's backlog reached $455 billion, marking a 359% year-over-year increase, driven by strong demand for AI and four multibillion-dollar cloud deals [2][7] - The company forecasts cloud revenue to grow from an estimated $18 billion this fiscal year to $144 billion by 2030, exceeding Wall Street's expectations by about $50 billion [3][10] - Oracle's projections have significantly boosted investor confidence, leading to a sharp increase in its stock price and positively impacting other AI-related stocks [4][9] Company Performance - Oracle's backlog growth is indicative of robust AI spending, with analysts describing the quarter as "truly historic" [7][9] - The company signed a notable five-year contract worth $300 billion with OpenAI, further solidifying its position in the AI market [3][13] - Despite lackluster first-quarter results, Oracle's optimistic outlook overshadowed these figures, resulting in a stock surge of up to 43% [4][8] Industry Impact - The strong performance of Oracle has positively influenced other AI-related companies, with shares of Nvidia, Broadcom, and Arm Holdings seeing significant increases [4][5] - Major cloud providers are expected to spend a cumulative $368 billion on infrastructure this year, with a substantial portion allocated for AI-related investments [10] - Tax incentives from recent legislation are anticipated to enhance Big Tech's free cash flows, further supporting AI infrastructure investments [11]