以下文章来源于财经图解 ，作者十字路口 | AI 芯片设计制造 | | AI 端侧芯片 | | | --- | --- | --- | --- | | 其武纪 | 瑞丽尔微 | 全志科技 | 恒玄科技 | | 海光信息 | 晶晨股份 | 星宸科技 | 炉不科技 | | 芯原股份 | 乐器科技 | 中科监讯 | 北京君正 | | 翱捷科技 | | | | | 龙芯中科 | AI 端侧存储 | AI 服务器 | 配套技术服务 | | If 云天励飞 | 东心股份 | 工业富联 | 华大九天 | | | 北易创新 | 浪潮信息 | 芯原股份 | | 参股控股 | | | | | 昆仑万维 | 聚辰股份 | 航锦科技 | ·· | | 科德教育 | 普申股份 | 华勤技术 | 拓尔思 | | 艾布鲁 | 恒炼股份 | Agon 中科曙光 | 博彦科技 | 财经图解 . 财经大事早知道，关注东方财富股票！ 周五AI芯片概念突然井喷，寒武纪、海光信息、云天励飞等20CM涨停，恒烁股份涨超13%，航锦科技等涨停，瑞芯微、炬芯科技等跟涨。 消息面上，据证券时报，AI芯片概念板块总计有三大利好。 第一是，DeepSeek8月2 ...

今天市场最靓的仔莫过于AI芯片了，上午在指数连续创新高但个股普绿之下，AI芯片，半导体板块指数却独领风骚，逆势大涨！科德教育直接20cm一字 板，云天励飞，安孚科技，航锦科技等也是开盘之后短时间纷纷封住涨停，寒武纪就更不用多说，从7月份以来已经翻倍！ 在我们的A股市场，都知道股价的上涨都是大资金在背后推动，那为何半导体芯片会受到资金的如此青睐呢？分析清楚这里的原因，我们就能够解释最近该 板块持续大涨，以及是否还能上涨，又能长多高了！ 接下来我们从两个维度进行分析： 一，如图（此图是截至到上午10点40分）： 1，先看红色画线处可见，AI芯片板块在8月13号就已经形成了技术上的突破，这种突破在技术层面讲是非常有效的，原因很简单，经历了充分的调整及洗 盘过程的个股或者板块，而再进行突破，这样一则可以清掉绝大部分浮动筹码，二则形成了右侧交易，而右侧交易是市场的绝大部分拥有大资金的稳健投资 者的喜爱！ 2，再看蓝色方框，这是非常典型的分歧转一致的信号，突破，试盘的冲高回落，来测试抛压的大小，第二天直接反包，很明显主力资金操盘是做了详细而 又充分的准备的。 3，最后再来看看黄色箭头处，在8月18号这个非常吉利数字的日子 ...

Core Viewpoint - The AI chip sector is experiencing significant investment interest, leading to substantial price increases in various companies within the semiconductor industry, indicating a strong market trend and potential for further growth [2][4][6]. Group 1: Technical Analysis - The AI chip sector saw a technical breakthrough on August 13, following a period of adjustment, which cleared floating shares and attracted large institutional investors [4]. - A clear signal of consensus among major funds was observed on August 18, marked by a gap up in prices and a significant increase in trading volume, indicating strong buying interest [5]. - The continuous rise in the semiconductor sector can be attributed to the alignment of major funds rather than retail investors, suggesting a robust market foundation [5]. Group 2: Market Demand and Policy Impact - As of August, global demand for semiconductor chips is improving, with growth in mobile devices, TWS headphones, and AI servers, despite ongoing tariff pressures [6]. - The U.S. tech giant Nvidia's decision to halt production of certain chips has led to increased expectations for domestic alternatives, with significant investments anticipated in the digital economy and AI sectors [6][7]. - The establishment of the third phase of the National Integrated Circuit Industry Investment Fund, with a registered capital of 344 billion yuan, indicates a strong commitment to advancing key areas in semiconductor technology [7]. Group 3: Future Outlook - The semiconductor industry is expected to benefit from ongoing domestic substitution trends, with significant funding flowing into the sector, presenting investment opportunities for stakeholders [7].

Market Overview - The Hang Seng Index (HSI) faces short-term resistance at 25,735 points, with limited corporate profit improvement and a lack of strong economic stimulus from mainland China [2] - The market remains active with a positive risk appetite, as capital rotates among different sectors [2] - The U.S. and China have agreed to extend the 90-day tariff truce, easing trade tensions [2] Sector Focus - Key market focus includes the U.S. MBA mortgage application index, Germany's July CPI, and earnings reports from Tencent, JD.com, Lenovo, and Cheung Kong [3] - The People's Bank of China has introduced a loan interest subsidy scheme for the service industry, with a maximum loan amount of 1 million yuan [7] - The Hong Kong Monetary Authority has intervened in the currency market, buying over 7 billion HKD to defend the currency peg [7] Corporate News - Galaxy Entertainment reported a mid-term dividend that exceeded expectations, but adjusted EBITDA fell short [4] - Tencent Music's adjusted profit increased by 37% in Q2, surpassing expectations, with total revenue rising by 17.91% [9] - Meituan is expanding its overseas delivery platform Keeta to Middle Eastern cities [9] - China Unicom's half-year profit rose by 5%, meeting expectations, with total revenue increasing by 1.45% [9] Economic Indicators - The U.S. July CPI rose by 2.7%, lower than expected, while core CPI increased by 3.1%, higher than anticipated [7] - The U.S. budget deficit for July increased to 291 billion USD, with customs tariff revenue reaching a record high [8] - OPEC has raised its global oil demand forecast for next year, indicating a tightening market outlook [8]

Core Viewpoint - Nvidia (NVDA.US) is set to release its earnings report next week, maintaining a strong position in the AI computing sector with rapid and stable financial growth, although it faces risks from increased competition, geopolitical uncertainties, and supply chain issues [1][16]. Financial Performance - Nvidia has shown strong past financial performance, driven primarily by its data center business, with high gross margins and a robust balance sheet. Predictions for key financial metrics in Q1 and Q2 of FY26 indicate a steady growth trend [5][16]. Market Position and Competition - Despite facing export restrictions on its H20 chips to China and intensified competition from major players like AMD, Google, Microsoft, and Amazon, Nvidia remains the leader in AI chips, benefiting from its performance and ecosystem advantages [7][16]. Recent Developments - Positive news includes partnerships in the Middle East for AI infrastructure investments, which may boost demand for Nvidia's Blackwell chips. The company is also establishing a research lab in China to develop compatible AI chips [7][16]. Valuation Metrics - Nvidia's current static P/E ratio is 44.83, lower than its historical median but higher than the semiconductor industry average of 25. The price-to-book and price-to-sales ratios are significantly above industry averages [8][16]. Stock Price Movement - Nvidia's stock price has been fluctuating between $130 and $138, with potential for a new upward trend if it breaks above the upper Bollinger Band. However, short-term indicators suggest a risk of pullback, while the long-term upward trend remains intact [9][16]. Options Market Sentiment - The implied volatility (IV) for Nvidia is currently at 56.23%, indicating moderate expectations for price fluctuations. Recent options activity shows a preference for bullish sentiment, with significant trades indicating expectations for price movements within the $110-$160 and $120-$145 ranges [12][15][16]. Capital Flow - Recent days have seen a net outflow of capital, with $1.7 billion exiting on May 21, likely due to short-term profit-taking. However, short interest remains low, suggesting limited pressure from short sellers [14][16].