近期，在Gartner首次发布的云防火墙市场指南《Market Guide for Cloud Firewalls》中提到，随 着企业加速业务向云迁移，云防火墙市场规模预计从2021年的22.08亿美元以24.67%的复合年增长 率增至2028年的103.34亿美元。在这份报告中，山石网科再次成为了安全Gartner远见者象限的代 表厂商，成为国内仅有的四家入选厂商之一。 山石网科已从高端防火墙为代表的传统边界安全厂商转型为具有10大类57款产品的综合安全服务解 决方案提供商，并成为了继NetScreen、Fortinet之后第三家推出ASIC安全专用芯片的网络安全公 司。 这款ASIC芯片为28纳米制程，被公司寄予厚望，成为降低硬件对CPU依赖的重要工具，也是未来融 合信创与非信创市场的关键。山石网科从2021年启动ASIC研发战略，2024年10月一次性流片成 功，目前芯片已成功应用于系统中，预计今年四季度开始少量进入市场，明年一季度到上半年实现规 模性上市。通过对竞品的市场比较分析，公司高管预计，在金融和互联网领域，通过优化产品和市场 策略，未来可能实现每年约8000万至1亿元的增量收入。 过去十年，网 ...

山石网科在上市第六年宣布推出ASIC安全专用芯片并进入量产准备阶段，计划2025年完成全部产品的 ASIC平台切换。山石网科成为了继NetScreen、Fortinet之后第三家推出ASIC安全专用芯片的网络安全公 司。(第一财经) ...

7月11日，山石网科正式发布ASIC&AI战略新品，包括山石网科ASIC智能下一代防火墙、山石网科ASIC数据中心防火墙、山石灵岩大模型一体 机、山石网科大模型应用防火墙、山石网科iWAF：Web资产自检测自防御系统等。公司董事长兼CEO叶海强在"2025年.安全守护者峰会"上表示， 作为一家集传统的边界安全、云安全、数据安全、工业互联网安全等为一体的综合网络安全解决方案和服务的提供商，山石网科将以"ASIC筑基， AI领航"为核心战略，力争到2028年进入中国安全厂商的前五位。 一次性流片成功并非偶然，其背后是根植于山石网科开拓创新的技术基因。2007年，毕业于清华大学的电子物理学硕士并获得美国加州大学应用 物理专业的罗东平和四位同在NetScreen的工程师回到中国创立了山石网科。 值得一提的是，NetScreen为罗东平的三位清华师兄在美国创立的网络安全公司。2004年，它被Juniper Networks以42亿美元并购，成为当时中国留 学生在美创业估值最高的科技公司。而罗东平彼时负责的正是芯片开发，其在离开NetScreen前最后一个未启动的项目叫"Mars(火星)"。 正所谓念念不忘，必有回响。二 ...

近期，在Gartner首次发布的云防火墙市场指南《Market Guide for Cloud Firewalls》中提到，随着企业加 速业务向云迁移，云防火墙市场规模预计从2021年的22.08亿美元以24.67%的复合年增长率增至2028年 的103.34亿美元。在这份报告中，山石网科再次成为了安全Gartner远见者象限的代表厂商，成为国内仅 有的四家入选厂商之一。 山石网科已从高端防火墙为代表的传统边界安全厂商转型为具有10大类57款产品的综合安全服务解决方 案提供商，并成为了继NetScreen、Fortinet之后第三家推出ASIC安全专用芯片的网络安全公司。 这款ASIC芯片为28纳米制程，被公司寄予厚望，成为降低硬件对CPU依赖的重要工具，也是未来融合 信创与非信创市场的关键。山石网科从2021年启动ASIC研发战略，2024年10月一次性流片成功，目前 芯片已成功应用于系统中，预计今年四季度开始少量进入市场，明年一季度到上半年实现规模性上市。 通过对竞品的市场比较分析，公司高管预计，在金融和互联网领域，通过优化产品和市场策略，未来可 能实现每年约8000万至1亿元的增量收入。 山石网科在上市 ...

Core Insights - The technology sector is highly profitable, with many companies generating reliable recurring revenues through subscriptions and strong demand for products [1] Company Summaries Apple - Apple generated $167 billion in sales from its products and $53 billion from subscription services in the first half of the year [3] - The company produced $24 billion in operating cash flow in Q2 and returned $29 billion to shareholders through dividends and share repurchases [4] - Apple has over $132 billion in cash and equivalents, recently increasing its dividend by 4% and launching a $100 billion share repurchase program [4] Alphabet - Alphabet generated over $90 billion in revenue in Q1 from online advertising, subscriptions, and cloud services [5] - The company produced nearly $19 billion in free cash flow in Q1 and $75 billion over the last 12 months, returning $1.2 billion in dividends and repurchasing over $15 billion in stock [6] - Alphabet's cash and equivalents rose to nearly $134 billion, with a recent 5% dividend increase and a $70 billion share repurchase program [6] Microsoft - Microsoft reported over $70 billion in revenue in Q3 of fiscal 2025 from various services including Azure and AI [8] - The company generated nearly $94 billion in net cash from operations in the first nine months of fiscal 2025, returning about $18 billion in dividends and $14 billion in stock repurchases [9] - Microsoft ended the period with almost $80 billion in cash and equivalents, having increased its dividend by 10% and approved a $60 billion share repurchase program [9] Meta Platforms - Meta generated over $41 billion in advertising revenue in Q1, along with additional revenue from its apps and Reality Labs [10] - The company produced more than $10 billion in free cash flow and returned almost $15 billion to shareholders through stock repurchases and dividends [11] - Meta's cash balance stood at $70 billion, indicating strong financial health [11] Nvidia - Nvidia generated $44.1 billion in revenue in Q1, a 69% increase year-over-year, driven by a 73% surge in sales to data center customers [12] - The company produced over $27 billion in cash flow from operations, a 79% increase from the previous year, returning $14.3 billion to shareholders [13] - Nvidia's cash balance increased to $53.7 billion, with a 150% dividend hike last year and a $50 billion increase in its stock repurchase program [13] Industry Overview - Large technology companies are generating substantial recurring revenues from subscriptions and advertising, allowing them to return significant cash to shareholders through growing dividends and share repurchase programs [14]

Core Insights - Aehr Test Systems experienced significant stock volatility in 2025, with a 22.2% decline in the first half, following a 56% drop in the first quarter and a subsequent 77.4% rise in the last quarter of the half-year [1][2]. Financial Performance - The company's financial year ends on May 30, and for the fiscal year 2024, the silicon carbide (SiC) wafer-level burn-in (WLBI) market accounted for 90% of its sales [2]. - In fiscal year 2025, SiC WLBI revenue dropped to less than 40% of total revenue, indicating a significant shift in the company's revenue sources [4]. Market Dynamics - ON Semiconductor, a key customer, has faced a sales slowdown, reflecting a broader downturn in the SiC market, particularly in the electric vehicle (EV) sector, influenced by high interest rates and a correction from previous EV spending booms [3]. - The weakening EV market negatively impacted Aehr's growth prospects in the SiC WLBI market during the first three months of fiscal 2025 [4]. Strategic Developments - A turnaround in Aehr's stock occurred after the third-quarter earnings report in April, where management announced plans to expand into new markets, projecting that 35% of revenue would come from the artificial intelligence (AI) processor burn-in market [5]. - The company has secured four customers contributing over 10% of revenue, with three of these being in new markets, including gallium nitride (GaN) semiconductor supply for the automotive sector [5]. Customer Base and Future Outlook - Aehr has identified a major hyperscaler as a first production AI customer in the packaged part burn-in (PPBI) market, with notable customers including Microsoft, Google, Nvidia, ON Semiconductor, and Infineon [7]. - Management believes that AI end markets could be 3 to 5 times larger than traditional SiC markets, which is driving optimism and strength in the current stock price [8].

What happenedSignal Advisors Wealth, LLC reported to the Securities and Exchange Commission that its position in Apple(AAPL -0.59%) increased by 29,843 shares, according to its July 9, 2025, SEC filing. The transaction was valued at $6.04 million, bringing the firm’s total Apple stake to 68,821 shares, worth $14.12 million as of July 10, 2025.What else to knowThe fund increased its Apple position, which now comprises 1.1% of its $1.28 billion in reportable U.S. equity assets as of Q2 2025. The top five hold ...

| 15:47 @ 9 | | | 112 2 111 2 30 | | | --- | --- | --- | --- | --- | | Q | 園 | | | (7 | | 美国 ▲ | 本档期 暑期档/06.01-08.31▼ ●含服务费 | | | | | | 〈返回今日 | | | | | 六 | 30.2 亿 | | | | | 档 | 含预售实时 北京时间15:47:18 ① | | | 档 | | 总出票7665.5万张 ① 总场次1765.4万场 | | | 平均票价39.4元 | | | 票房排名 | | | | 更多指标 ▶ | | 影片 | 档期票房 票房占比 | | 排片占比 | 上座率 | | | (万) | | | | | 侏罗纪世界: 重生 2025-07-02上映 | 41025.21 | 13.5% | 7.7% | 4.7% | | 酱园弄·悬案 2025-06-21上映 | 37235.55 | 12.3% | 10.1% | 4.0% | | 碟中谍8: 最终清 賞 | 35228.38 | 11.6% | 9.5% | 3.4% | | 2025-05-30上映 ...

Group 1 - Wingstop Inc. is expanding its support for communities affected by natural disasters in Texas, matching contributions up to $1 million for the American Red Cross Disaster Relief Fund [1][2] - The company will launch Family Flavor Day on July 15, donating 15% of sales from all Texas locations to the American Red Cross, and will match donations made through the Round-Up campaign and Family Flavor Day, up to $500,000 [2] - Wingstop's President & CEO, Michael Skipworth, expressed the company's commitment to supporting Texas communities and first responders during these challenging times [3] Group 2 - In fiscal year 2024, Wingstop's system-wide sales increased by 36.8% to approximately $4.8 billion, marking the 21st consecutive year of same-store sales growth [5] - The company aims to become a Top 10 Global Restaurant Brand and operates over 2,650 locations worldwide, with independent franchisees accounting for approximately 98% of its total restaurant count [5] - Wingstop has received multiple accolades, including a spot on Ad Age's 'Hottest Brands' list and recognition as one of QSR Magazine's "Best Brands to Work For" [6]

Samsung just introduced three new foldable smartphones to better appeal to a mainstream audience. These phones are thinner, lighter, and in one case, a lot cheaper. The $900 Galaxy Z Flip 7 FE is Samsung's cheapest folding phone. That's a big price change compared to the new $2,000 Fold 7 and the 1100 Galaxy Z Flip 7.The Fold 7 now measures just 8.9% mm thick when closed. compared to the 14.9% mm Galaxy Zfold 6, which makes the Fold feel much closer to a normal phone in your hand. Meanwhile, the Galaxy Z Fl ...