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日内瓦喷泉

02-23

$Palantir Technologies Inc.(PLTR)$ 啥时候开始炒ai软件

日内瓦喷泉

02-14

股票质押

BRIEF-Applied Optoelectronics Unit Entered Asset Pool Business Cooperation Agreement, Asset Pool Pledge Contract With China Zheshang Bank

日内瓦喷泉

02-12

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Investors ignore increasing losses at Applied Optoelectronics (NASDAQ:AAOI) as stock jumps 25% this past week

日内瓦喷泉

02-12

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Applied Optoelectronics: 2024 Should Be Strong But Downgrading On Valuation

日内瓦喷泉

2023-12-13

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@捷克Jack:是的，我买了阿里巴巴

日内瓦喷泉

2023-12-03

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@智通财经APP:拿下微软3亿美元大订单，被低估的应用光电(AAOI.US)是下一只“十倍股”？

日内瓦喷泉

2023-10-04

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@美股投资网:美股一夜回到 “解放前”

日内瓦喷泉

2023-09-24

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@ETF小帮手:ETF追踪 | “木头姐”深信：“降息之日”将是主题投资的“高光时刻”！

日内瓦喷泉

2023-09-13

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@中文投资网:8月回调月，但这些股拥有反弹机会，或有翻倍回报

日内瓦喷泉

2023-06-08

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抱歉，原内容已删除

日内瓦喷泉

2023-06-08

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日内瓦喷泉

2023-06-08

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日内瓦喷泉

2023-06-08

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日内瓦喷泉

2023-05-31

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日内瓦喷泉

2023-05-31

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热点观察 | 英伟达当不上“大哥”，揭秘涨幅最高的十只AI股

日内瓦喷泉

2023-05-30

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开盘 | 美股三大指数涨跌不一，英伟达总市值突破万亿美元

日内瓦喷泉

2023-05-30

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@美股投资网:英伟达史诗级暴涨后再放大招！超级GPU炸场！AI到达引爆点

日内瓦喷泉

2023-05-27

哈哈，这是在挖坑吗？

AI芯片预期“震撼”！华尔街高呼“AI大战，英伟达是唯一军火商”

日内瓦喷泉

2023-05-08

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涨跌全看五只大盘股，美股释放危险信号

日内瓦喷泉

2023-04-25

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十年内有望突破？千倍回报？盖茨、贝索斯们正在下注

去老虎APP查看更多动态

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AN ADDITIONAL CREDIT LINE.   * APPLIED OPTOELECTRONICS INC - GLOBAL TECHNOLOGY MAY DRAW UPON PLEDGED ASSET LINE BETWEEN DECEMBER 21, 2023 AND DECEMBER 21, 2025Further company coverage:    ","content":"<html><body><p>Dec 27 (Reuters) - Applied Optoelectronics Inc   :</p><p>   * APPLIED OPTOELECTRONICS: ON DEC 21, CO'S UNIT ENTERED ASSET POOL BUSINESS COOPERATION AGREEMENT &amp; ASSET POOL PLEDGE CONTRACT WITH CHINA ZHESHANG BANK</p><p>   * APPLIED OPTOELECTRONICS- IN PLEDGED ASSET LINE, UNIT SHALL PLEDGE CERTAIN FINANCIAL ASSETS/RIGHTS TO SUCH ASSETS TO BANK IN ORDER TO OBTAIN LOAN FUNDS</p><p>   * APPLIED OPTOELECTRONICS INC - PLEDGED ASSET LINE DOES NOT CREATE OR ESTABLISH AN ADDITIONAL CREDIT LINE.</p><p>   * APPLIED OPTOELECTRONICS INC - GLOBAL TECHNOLOGY MAY DRAW UPON PLEDGED ASSET LINE BETWEEN DECEMBER 21, 2023 AND DECEMBER 21, 2025</p><p>Further company coverage:   </p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>","collect":0,"html":"<!DOCTYPE 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*/\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBRIEF-Applied Optoelectronics Unit Entered Asset Pool Business Cooperation Agreement, Asset Pool Pledge Contract With China Zheshang Bank\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-12-28 05:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>Dec 27 (Reuters) - Applied Optoelectronics Inc   :</p><p>   * APPLIED OPTOELECTRONICS: ON DEC 21, CO'S UNIT ENTERED ASSET POOL BUSINESS COOPERATION AGREEMENT &amp; ASSET POOL PLEDGE CONTRACT WITH CHINA ZHESHANG BANK</p><p>   * APPLIED OPTOELECTRONICS- IN PLEDGED ASSET LINE, UNIT SHALL PLEDGE CERTAIN FINANCIAL ASSETS/RIGHTS TO SUCH ASSETS TO BANK IN ORDER TO OBTAIN LOAN FUNDS</p><p>   * APPLIED OPTOELECTRONICS INC - PLEDGED ASSET LINE DOES NOT CREATE OR ESTABLISH AN ADDITIONAL CREDIT LINE.</p><p>   * APPLIED OPTOELECTRONICS INC - GLOBAL TECHNOLOGY MAY DRAW UPON PLEDGED ASSET LINE BETWEEN DECEMBER 21, 2023 AND DECEMBER 21, 2025</p><p>Further company coverage:   </p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4159":"经销商","IE00B64QTZ34.USD":"NEUBERGER BERMAN US SMALL CAP \"A\" (USD) ACC","BK4567":"ESG概念","BK4585":"ETF&股票定投概念","BK4020":"通信设备","AAOI":"Applied Optoelectronics Inc.","BK4588":"碎股","POOL":"Pool Corporation"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2394759854","content_text":"Dec 27 (Reuters) - Applied Optoelectronics Inc   :   * APPLIED OPTOELECTRONICS: ON DEC 21, CO'S UNIT ENTERED ASSET POOL BUSINESS COOPERATION AGREEMENT & ASSET POOL PLEDGE CONTRACT WITH CHINA ZHESHANG BANK   * APPLIED OPTOELECTRONICS- IN PLEDGED ASSET LINE, UNIT SHALL PLEDGE CERTAIN FINANCIAL ASSETS/RIGHTS TO SUCH ASSETS TO BANK IN ORDER TO OBTAIN LOAN FUNDS   * APPLIED OPTOELECTRONICS INC - PLEDGED ASSET LINE DOES NOT CREATE OR ESTABLISH AN ADDITIONAL CREDIT LINE.   * APPLIED OPTOELECTRONICS INC - GLOBAL TECHNOLOGY MAY DRAW UPON PLEDGED ASSET LINE BETWEEN DECEMBER 21, 2023 AND DECEMBER 21, 2025Further company coverage:    ((Reuters.Briefs@thomsonreuters.com;))","news_type":1},"isVote":1,"tweetType":1,"viewCount":403,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":273152927146192,"gmtCreate":1707725489744,"gmtModify":1707725490979,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/273152927146192","repostId":"2380973743","repostType":2,"repost":{"id":"2380973743","pubTimestamp":1699009387,"share":"https://www.laohu8.com/m/news/2380973743?lang=&edition=full","pubTime":"2023-11-03 19:03","market":"nz","language":"en","title":"Investors ignore increasing losses at Applied Optoelectronics (NASDAQ:AAOI) as stock jumps 25% this past week","url":"https://stock-news.laohu8.com/highlight/detail?id=2380973743","media":"Simply Wall St.","summary":"While Applied Optoelectronics, Inc. ( NASDAQ:AAOI ) shareholders are probably generally happy, the stock hasn't had...","content":"<html><body><div><p> While <strong>Applied Optoelectronics, Inc.</strong> (NASDAQ:AAOI) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 22% in the last quarter.    But that doesn't change the fact that the returns over the last year have been very strong.  During that period, the share price soared a full 253%.  So it is important to view the recent reduction in price through that lense.  The real question is whether the business is trending in the right direction.     </p><p> The past week has proven to be lucrative for Applied Optoelectronics investors, so let's see if fundamentals drove the company's one-year performance.  </p><p><span> Check out our latest analysis for Applied Optoelectronics </span></p> <p> Because Applied Optoelectronics made a loss in the last twelve months, we think the market is probably more focussed on revenue and revenue growth, at least for now.  Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip.  Some companies are willing to postpone profitability to grow revenue faster, but in that case one does expect good top-line growth.  </p><p> In the last year Applied Optoelectronics saw its revenue grow by 0.3%.   That's not great considering the company is losing money.   So we wouldn't have expected the share price to rise by 253%.  The business will need a lot more growth to justify that increase.  It's quite likely that the market is considering other factors, not just revenue growth.      </p><p> You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values). </p><figure><img height=\"524\" loading=\"lazy\" src=\"https://images.simplywall.st/asset/chart/1043391-earnings-and-revenue-growth-1-dark/1699009385915\" width=\"821\"/><figcaption>NasdaqGM:AAOI Earnings and Revenue Growth November 3rd 2023</figcaption></figure><p> It's good to see that there was some significant insider buying in the last three months. That's a positive.  On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business.   You can see what analysts are predicting for Applied Optoelectronics in this <strong>interactive</strong> graph of future profit estimates. </p> <h2>A Different Perspective</h2><p> It's nice to see that Applied Optoelectronics shareholders have received a total shareholder return of 253% over the last year.    Notably the five-year annualised TSR loss of 10% per year compares very unfavourably with the recent share price performance.  We generally put more weight on the long term performance over the short term, but the recent improvement could hint at a (positive) inflection point within the business.        I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too.   To that end, you should learn about the  <strong> 4 warning signs </strong> we've spotted with Applied Optoelectronics (including 1 which is a bit concerning) .   </p><p> Applied Optoelectronics is not the only stock insiders are buying. So take a peek at this <strong>free</strong> list of growing companies with insider buying. </p><p><em>Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.</em></p><p>What are the risks and opportunities for Applied Optoelectronics?</p><div><header><div><div><p>NasdaqGM:AAOI</p><p>Applied Optoelectronics</p></div><div></div><div><div><p><span>Applied Optoelectronics, Inc. designs, manufactures, and sells various fiber-optic networking products worldwide.</span><button>Show more</button></p></div></div>View Full Analysis</div></header><div><div><div><div><div><p>Rewards</p><ul><li><blockquote><div><svg fill=\"#2DC97E\" height=\"24\" viewbox=\"0 0 24 24\" width=\"24\" xmlns=\"http://www.w3.org/2000/svg\"><path d=\"M11.0496 5.90475C11.3502 4.98605 12.6498 4.98605 12.9504 5.90475L14.1246 9.49342H17.9049C18.8753 9.49342 19.2769 10.7366 18.49 11.3044L15.4377 13.5066L16.6073 17.0812C16.9083 18.0012 15.8568 18.7695 15.0718 18.2031L12 15.9868L8.92824 18.2031C8.14316 18.7695 7.09168 18.0012 7.39272 17.0812L8.56231 13.5066L5.51002 11.3044C4.72306 10.7366 5.12471 9.49342 6.09512 9.49342H9.87539L11.0496 5.90475Z\" fill-rule=\"evenodd\"></path></svg></div><div><p>Trading at 85% below our estimate of its fair value</p></div></blockquote></li><li><blockquote><div><svg fill=\"#2DC97E\" height=\"24\" viewbox=\"0 0 24 24\" width=\"24\" xmlns=\"http://www.w3.org/2000/svg\"><path d=\"M11.0496 5.90475C11.3502 4.98605 12.6498 4.98605 12.9504 5.90475L14.1246 9.49342H17.9049C18.8753 9.49342 19.2769 10.7366 18.49 11.3044L15.4377 13.5066L16.6073 17.0812C16.9083 18.0012 15.8568 18.7695 15.0718 18.2031L12 15.9868L8.92824 18.2031C8.14316 18.7695 7.09168 18.0012 7.39272 17.0812L8.56231 13.5066L5.51002 11.3044C4.72306 10.7366 5.12471 9.49342 6.09512 9.49342H9.87539L11.0496 5.90475Z\" fill-rule=\"evenodd\"></path></svg></div><div><p>Revenue is forecast to grow 31.54% per year</p></div></blockquote></li></ul><p>Risks</p><ul><li><blockquote><div><svg fill=\"#E64141\" height=\"24\" viewbox=\"0 0 24 24\" width=\"24\" xmlns=\"http://www.w3.org/2000/svg\"><path clip-rule=\"evenodd\" d=\"M12 4C7.58172 4 4 7.58172 4 12C4 16.4183 7.58172 20 12 20C16.4183 20 20 16.4183 20 12C20 7.58172 16.4183 4 12 4ZM13 11C13 11.5523 12.5523 12 12 12C11.4477 12 11 11.5523 11 11V8C11 7.44772 11.4477 7 12 7C12.5523 7 13 7.44772 13 8L13 11ZM13 15C13 15.5523 12.5523 16 12 16C11.4477 16 11 15.5523 11 15C11 14.4477 11.4477 14 12 14C12.5523 14 13 14.4477 13 15Z\" fill-rule=\"evenodd\"></path></svg></div><div><p>Highly volatile share price over the past 3 months</p></div></blockquote></li><li><blockquote><div><svg fill=\"#FF9212\" height=\"24\" viewbox=\"0 0 24 24\" width=\"24\" xmlns=\"http://www.w3.org/2000/svg\"><path clip-rule=\"evenodd\" d=\"M12 4C7.58172 4 4 7.58172 4 12C4 16.4183 7.58172 20 12 20C16.4183 20 20 16.4183 20 12C20 7.58172 16.4183 4 12 4ZM13 11C13 11.5523 12.5523 12 12 12C11.4477 12 11 11.5523 11 11V8C11 7.44772 11.4477 7 12 7C12.5523 7 13 7.44772 13 8L13 11ZM13 15C13 15.5523 12.5523 16 12 16C11.4477 16 11 15.5523 11 15C11 14.4477 11.4477 14 12 14C12.5523 14 13 14.4477 13 15Z\" fill-rule=\"evenodd\"></path></svg></div><div><p>Shareholders have been diluted in the past year</p></div></blockquote></li><li><blockquote><div><svg fill=\"#FF9212\" height=\"24\" viewbox=\"0 0 24 24\" width=\"24\" xmlns=\"http://www.w3.org/2000/svg\"><path clip-rule=\"evenodd\" d=\"M12 4C7.58172 4 4 7.58172 4 12C4 16.4183 7.58172 20 12 20C16.4183 20 20 16.4183 20 12C20 7.58172 16.4183 4 12 4ZM13 11C13 11.5523 12.5523 12 12 12C11.4477 12 11 11.5523 11 11V8C11 7.44772 11.4477 7 12 7C12.5523 7 13 7.44772 13 8L13 11ZM13 15C13 15.5523 12.5523 16 12 16C11.4477 16 11 15.5523 11 15C11 14.4477 11.4477 14 12 14C12.5523 14 13 14.4477 13 15Z\" fill-rule=\"evenodd\"></path></svg></div><div><p>Significant insider selling over the past 3 months</p></div></blockquote></li><li><blockquote><div><svg fill=\"#FF9212\" height=\"24\" viewbox=\"0 0 24 24\" width=\"24\" xmlns=\"http://www.w3.org/2000/svg\"><path clip-rule=\"evenodd\" d=\"M12 4C7.58172 4 4 7.58172 4 12C4 16.4183 7.58172 20 12 20C16.4183 20 20 16.4183 20 12C20 7.58172 16.4183 4 12 4ZM13 11C13 11.5523 12.5523 12 12 12C11.4477 12 11 11.5523 11 11V8C11 7.44772 11.4477 7 12 7C12.5523 7 13 7.44772 13 8L13 11ZM13 15C13 15.5523 12.5523 16 12 16C11.4477 16 11 15.5523 11 15C11 14.4477 11.4477 14 12 14C12.5523 14 13 14.4477 13 15Z\" fill-rule=\"evenodd\"></path></svg></div><div><p>Currently unprofitable and not forecast to become profitable over the next 3 years</p></div></blockquote></li></ul></div>View all Risks and Rewards</div><div><div><div><div><p>Share Price</p><span></span></div><div><p>Market Cap</p><span></span></div></div><div><p>1Y Return</p><span></span></div><div></div>View Company Report</div></div><div><p>Further research onApplied Optoelectronics</p>ValuationFinancial HealthInsider TradingManagement Team</div></div></div><button disabled=\"\"><svg height=\"24\" viewbox=\"0 0 24 24\" width=\"24\" xmlns=\"http://www.w3.org/2000/svg\"><path clip-rule=\"evenodd\" d=\"M7.78127 11.29L14.8283 4.24303C15.2188 3.8525 15.852 3.8525 16.2425 4.24303C16.633 4.63355 16.633 5.26672 16.2425 5.65724L9.87891 12.0208L16.2425 18.3844C16.633 18.7749 16.633 19.4081 16.2425 19.7986C15.852 20.1891 15.2188 20.1891 14.8283 19.7986L7.78057 12.7509C7.7727 12.7435 7.76491 12.736 7.75723 12.7283C7.56873 12.5398 7.47122 12.2948 7.46468 12.0478C7.45748 11.7828 7.55498 11.5156 7.7572 11.3133C7.76513 11.3054 7.77315 11.2977 7.78127 11.29Z\" fill-rule=\"evenodd\"></path></svg></button><button disabled=\"\"><svg height=\"24\" viewbox=\"0 0 24 24\" width=\"24\" xmlns=\"http://www.w3.org/2000/svg\"><path clip-rule=\"evenodd\" d=\"M16.2185 11.2901L9.17146 4.24309C8.78094 3.85256 8.14777 3.85256 7.75725 4.24309C7.36672 4.63361 7.36672 5.26678 7.75725 5.6573L14.1208 12.0209L7.75727 18.3845C7.36675 18.775 7.36675 19.4082 7.75727 19.7987C8.1478 20.1892 8.78096 20.1892 9.17149 19.7987L16.2192 12.751C16.2271 12.7436 16.2348 12.7361 16.2425 12.7284C16.431 12.5399 16.5285 12.2949 16.5351 12.0479C16.5423 11.7829 16.4448 11.5156 16.2426 11.3134C16.2346 11.3055 16.2266 11.2977 16.2185 11.2901Z\" fill-rule=\"evenodd\"></path></svg></button></div></div><p><strong>Have feedback on this article? Concerned about the content?</strong> <strong>Get in touch</strong><strong> with us directly.</strong><i> Alternatively, email editorial-team (at) simplywallst.com.</i><i>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</i></p></div></body></html>","source":"simplywall_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Investors ignore increasing losses at Applied Optoelectronics (NASDAQ:AAOI) as stock jumps 25% this past week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInvestors ignore increasing losses at Applied Optoelectronics (NASDAQ:AAOI) as stock jumps 25% this past week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-03 19:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/tech/nasdaq-aaoi/applied-optoelectronics/news/investors-ignore-increasing-losses-at-applied-optoelectronic-1><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While Applied Optoelectronics, Inc. (NASDAQ:AAOI) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 22% in the last quarter. ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/tech/nasdaq-aaoi/applied-optoelectronics/news/investors-ignore-increasing-losses-at-applied-optoelectronic-1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://images.simplywall.st/asset/industry/8111000-choice1-main-header/1585186745276","relate_stocks":{"BK4020":"通信设备","BK4211":"区域性银行","ISBC":"投资者银行","AAOI":"Applied Optoelectronics Inc."},"source_url":"https://simplywall.st/stocks/us/tech/nasdaq-aaoi/applied-optoelectronics/news/investors-ignore-increasing-losses-at-applied-optoelectronic-1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2380973743","content_text":"While Applied Optoelectronics, Inc. (NASDAQ:AAOI) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 22% in the last quarter.    But that doesn't change the fact that the returns over the last year have been very strong.  During that period, the share price soared a full 253%.  So it is important to view the recent reduction in price through that lense.  The real question is whether the business is trending in the right direction.      The past week has proven to be lucrative for Applied Optoelectronics investors, so let's see if fundamentals drove the company's one-year performance.   Check out our latest analysis for Applied Optoelectronics   Because Applied Optoelectronics made a loss in the last twelve months, we think the market is probably more focussed on revenue and revenue growth, at least for now.  Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip.  Some companies are willing to postpone profitability to grow revenue faster, but in that case one does expect good top-line growth.   In the last year Applied Optoelectronics saw its revenue grow by 0.3%.   That's not great considering the company is losing money.   So we wouldn't have expected the share price to rise by 253%.  The business will need a lot more growth to justify that increase.  It's quite likely that the market is considering other factors, not just revenue growth.       You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values). NasdaqGM:AAOI Earnings and Revenue Growth November 3rd 2023 It's good to see that there was some significant insider buying in the last three months. That's a positive.  On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business.   You can see what analysts are predicting for Applied Optoelectronics in this interactive graph of future profit estimates.  A Different Perspective It's nice to see that Applied Optoelectronics shareholders have received a total shareholder return of 253% over the last year.    Notably the five-year annualised TSR loss of 10% per year compares very unfavourably with the recent share price performance.  We generally put more weight on the long term performance over the short term, but the recent improvement could hint at a (positive) inflection point within the business.        I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too.   To that end, you should learn about the   4 warning signs  we've spotted with Applied Optoelectronics (including 1 which is a bit concerning) .    Applied Optoelectronics is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.What are the risks and opportunities for Applied Optoelectronics?NasdaqGM:AAOIApplied OptoelectronicsApplied Optoelectronics, Inc. designs, manufactures, and sells various fiber-optic networking products worldwide.Show moreView Full AnalysisRewardsTrading at 85% below our estimate of its fair valueRevenue is forecast to grow 31.54% per yearRisksHighly volatile share price over the past 3 monthsShareholders have been diluted in the past yearSignificant insider selling over the past 3 monthsCurrently unprofitable and not forecast to become profitable over the next 3 yearsView all Risks and RewardsShare PriceMarket Cap1Y ReturnView Company ReportFurther research onApplied OptoelectronicsValuationFinancial HealthInsider TradingManagement TeamHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","news_type":1},"isVote":1,"tweetType":1,"viewCount":278,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":273145128657016,"gmtCreate":1707723679755,"gmtModify":1707723681113,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/273145128657016","repostId":"2386411995","repostType":2,"repost":{"id":"2386411995","pubTimestamp":1701170021,"share":"https://www.laohu8.com/m/news/2386411995?lang=&edition=full","pubTime":"2023-11-28 19:13","market":"us","language":"en","title":"Applied Optoelectronics: 2024 Should Be Strong But Downgrading On Valuation","url":"https://stock-news.laohu8.com/highlight/detail?id=2386411995","media":"seekingalpha","summary":"After briefly dipping below $7 in late October, shares of Applied Optoelectronics Inc. have rallied by approximately 100% this month so far.With leading AI player and key customer Microsoft Corporatio","content":"<html><body><ul><li>After briefly dipping below $7 in late October, shares of <a href=\"https://laohu8.com/S/AAOI\">Applied Optoelectronics Inc.</a> have rallied by approximately 100% this month so far.</li><li>With leading AI player and key customer Microsoft Corporation trading at new all-time highs, shares of Applied Optoelectronics are back in the spotlight again.</li><li>Earlier this month, AOI reported third quarter results and provided fourth quarter guidance largely in line with consensus expectations. However, this was below my projections for a beat-and-raise quarter.</li><li>In combination with some anticipated headwinds from decreasing 100G product revenue going forward and assumptions for the company repaying the March convertible note maturity with cash raised from ongoing open market sales, I have decided to revise my aggressive assumptions for next year.</li><li>Consequently, I am downgrading the company's shares from \"Strong Buy\" to \"Hold\" while decreasing my price target from $22.50 to $15.00.</li></ul><p><figure><picture><img height=\"864px\" loading=\"lazy\" sizes=\"(max-width: 768px) calc(100vw - 36px), (max-width: 1024px) calc(100vw - 132px), (max-width: 1200px) calc(66.6vw - 72px), 600px\" src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1772548139/image_1772548139.jpg?io=getty-c-w750\" srcset=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1772548139/image_1772548139.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1772548139/image_1772548139.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1772548139/image_1772548139.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1772548139/image_1772548139.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1772548139/image_1772548139.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1772548139/image_1772548139.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1772548139/image_1772548139.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1772548139/image_1772548139.jpg?io=getty-c-w240 240w\" width=\"1536px\"/></picture><figcaption><p>pingingz/iStock via Getty Images</p></figcaption></figure></p> <p><strong>Note:</strong></p> <p><em>I have covered <strong>Applied Optoelectronics, Inc.</strong> (<span>NASDAQ:AAOI</span>) previously, so investors should view this as an update to my earlier articles on the company.</em></p> <p>A little over two months ago, I urged investors to buy shares<span> of fiber-optic networking products provider Applied Optoelectronics, Inc. or \"AOI\" following a 40% retreat from its 52-week-high of $16.26 marked on August 24.</span></p> <p>While shares are up by close to 50% since that time, trading in the stock has been highly volatile. What at first appeared to be a well-timed call started to turn into a major nightmare over the month of October and I ultimately ended up being stopped out of a sizeable position at a major loss.</p> <p>However, after briefly dipping below $7 in late October, shares have regained their footing and rallied by approximately 100% this month so far, likely as a<span> result of renewed strength in leading AI player and key customer Microsoft Corporation (</span>MSFT<span>).</span></p> <p><figure contenteditable=\"false\"><picture><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2023/11/27/769697-17011235659600344.png\"/></span></picture><figcaption><p>Yahoo Finance</p></figcaption></figure></p> <p>Earlier this month, AOI reported third quarter results and provided fourth quarter guidance largely in line with expectations:</p> <p><figure contenteditable=\"false\"><picture><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2023/11/27/769697-17011236882968981.png\"/></span></picture><figcaption><p>Company Press Releases</p></figcaption></figure></p> <p>That said, free cash flow was negative - a whopping $18.6 million almost solely due to a more than 40% sequential increase in accounts receivable as a result of massive growth in the company's Datacenter segment:</p> <p><figure contenteditable=\"false\"><picture><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2023/11/27/769697-17011250220681455.png\"/></picture><figcaption><p>Company Press Releases</p></figcaption></figure></p> <p>In Q3, Datacenter revenues contributed almost 80% of total sales. Within the Datacenter segment, both the company's 100G and 400G products experienced strong growth with the older 100G technology surprisingly still contributing the lion's share, as outlined by management on the conference call:</p> <blockquote><p><em>In the third quarter, 74% of our data center revenue was from our 100G products, 13% was from our 200G and 400G transceiver products, and 7% was from our 40G transceiver products. Notably, revenue for our 100G products increased 75% sequentially, while revenue for our 400G products increased 74% sequentially and accounted for just under 11% of our total data center revenue in Q3.</em></p></blockquote> <p>To compensate for the material cash outflows, AOI continued to sell shares into the open market under its recently expanded Equity Distribution Agreement with Raymond James (RJF):</p> <p><figure contenteditable=\"false\"><picture><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2023/11/27/769697-17011261200300508.png\"/></picture><figcaption><p>Regulatory Filings / Q3 Conference Call Transcript</p></figcaption></figure></p> <p>While the ongoing open market sales are diluting existing shareholders, I would actually like to see the company taking advantage of the most recent rally and raise as much cash as possible in order to prepare for an upcoming $80.5 million convertible debt maturity on March 15.</p> <p>However, even full utilization of the remaining $26.8 million available under the current Equity Distribution Agreement won't be sufficient to repay the convertible notes but the company has sufficient authorized shares to allow for further upsizing of the agreement.</p> <p>In addition, a $19.0 million revolving credit facility with a Chinese bank is scheduled to mature on May 24.</p> <p>Please note that the company decided to terminate the proposed $150 million sale of its Chinese manufacturing facilities to Yuhan Optoelectronic Technology (Shanghai) Co. or \"Yuhan\" after the buyer's alleged failure to meet agreed-upon deadlines resulted in AOI losing confidence in Yuhan's ability to complete the transaction, according to statements made by management on the conference call.</p> <p>Currently, the company is exploring additional options with new potential buyers while concurrently pursuing a $3 million breakup fee from Yuhan.</p> <p>For the fourth quarter, the company expects 400G product contribution to increase, partially due to earlier-than-expected product shipments under the recently-announced supply agreements with core customer Microsoft Corporation (MSFT) for next generation lasers and active optical cables:</p> <blockquote> <p><em>As a reminder, as we have discussed on our prior couple of earnings calls, we signed two agreements with Microsoft earlier this year, including a development program to make next-generation lasers for its data center, both for 400G and beyond, and for the development of their 400G and next-generation active optical cables. While not guaranteed, we continue to believe that the revenue opportunity for our 400G and 800G products could be greater and a longer duration than the revenue contribution we saw from this customer during the peak of the 40G product cycle, which suggests that revenue from these products may exceed $300 million over the several years of these build-outs.</em></p> <p><em>During the quarter, we received requests from Microsoft to expedite our production ramp for these products, which we are attempting to accommodate. Based on these expedite requests, we believe demand for these products remains strong, and our production teams are working very hard to add capacity for this production, which we now expect will allow us to begin shipments later this month, rather than in late December as originally planned.</em></p> </blockquote> <p>With revenues under the new supply agreements with Microsoft likely to ramp over the course of 2024 and commercial shipments of the company's new 800G products also expected for next year, 2024 is likely to be a huge year for Applied Optoelectronics.</p> <p>However, these expectations are already very much reflected in current consensus estimates which call for an almost 60% year-over-year revenue increase and substantial profitability next year:</p> <p><figure contenteditable=\"false\"><picture><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2023/11/27/769697-17011314962214906.png\"/></span></picture><figcaption><p>Seeking Alpha</p></figcaption></figure></p> <p>Remember, my original investment thesis was based on even more aggressive growth and profitability assumptions as well as the convertible bonds being converted to equity at a conversion price of $17.55 per share in March.</p> <p>While still a distinct possibility, I have decided to take a more conservative stance and now expect the convertible notes to be repaid with cash raised from ongoing open market sales. In addition, I would assume the projected sales growth to require additional working capital.</p> <p>Depending on the average sales price, I wouldn't be surprised to see outstanding shares increasing by more than 25% to approximately 45 million by the end of Q1/2024.</p> <p>Please note also that the company's in-line quarter and guidance was below my beat-and-raise expectations. In addition, I was surprised by the revenue mix still being heavily-weighted towards legacy 100G technology which is likely to provide a headwind going forward.</p> <p>As a result, I am now projecting 2024 revenues of approximately $400 million and earnings per share (\"eps\") of $0.75 which is still above the high-end of current consensus expectations but substantially below my previous forecast for earnings potentially approaching $1.50 per share next year.</p> <p>Even when applying a P/E ratio more in line with industry peers of 20x my 2024 eps forecast, the resulting price target of $15 only provides for marginal upside from current share price levels.</p> <h2>Bottom Line</h2> <p>With leading AI player and key customer Microsoft's stock having rallied to new all-time highs in recent weeks, Applied Optoelectronics Inc.'s shares are red hot again.</p> <p>While I still expect 2024 to be a year of strong growth and meaningful profitability for AOI, the company's Q3 results and Q4 guidance came in below my aggressive expectations.</p> <p>In combination with some anticipated headwinds from decreasing 100G product revenue going forward and assumptions for the company repaying the March convertible note maturity with cash raised from ongoing open market sales, I have decided to revise my aggressive projections for next year.</p> <div></div> <p>Consequently, I am downgrading the company's shares from \"<em>Strong Buy</em>\" to \"<em>Hold</em>\" while decreasing my price target from $22.50 to $15.00.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApplied Optoelectronics: 2024 Should Be Strong But Downgrading On Valuation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-28 19:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4654536-applied-optoelectronics-stock-2024-should-be-strong-downgrading-on-valuation><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After briefly dipping below $7 in late October, shares of Applied Optoelectronics Inc. have rallied by approximately 100% this month so far.With leading AI player and key customer Microsoft ...</p>\n\n<a href=\"https://seekingalpha.com/article/4654536-applied-optoelectronics-stock-2024-should-be-strong-downgrading-on-valuation\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1772548139/image_1772548139.jpg","relate_stocks":{"LU0171293334.USD":"贝莱德英国基金A2","MSFT":"微软","BK4535":"淡马锡持仓","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","BK4538":"云计算","BK4527":"明星科技股","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4550":"红杉资本持仓","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","RJF":"瑞杰金融","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4097":"系统软件","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0149725797.USD":"汇丰美国股市经济规模基金","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","BK4504":"桥水持仓","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","BK4548":"巴美列捷福持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4127":"投资银行业与经纪业","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0109391861.USD":"富兰克林美国机遇基金A Acc","BK4516":"特朗普概念","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","BK4554":"元宇宙及AR概念","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","BK4532":"文艺复兴科技持仓","LU0082616367.USD":"摩根大通美国科技A（dist）","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0079474960.USD":"联博美国增长基金A","BK4567":"ESG概念","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4534":"瑞士信贷持仓","LU0061474960.USD":"天利环球焦点基金AU Acc","AAOI":"Applied Optoelectronics Inc.","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","BK4566":"资本集团"},"source_url":"https://seekingalpha.com/article/4654536-applied-optoelectronics-stock-2024-should-be-strong-downgrading-on-valuation","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2386411995","content_text":"After briefly dipping below $7 in late October, shares of Applied Optoelectronics Inc. have rallied by approximately 100% this month so far.With leading AI player and key customer Microsoft Corporation trading at new all-time highs, shares of Applied Optoelectronics are back in the spotlight again.Earlier this month, AOI reported third quarter results and provided fourth quarter guidance largely in line with consensus expectations. However, this was below my projections for a beat-and-raise quarter.In combination with some anticipated headwinds from decreasing 100G product revenue going forward and assumptions for the company repaying the March convertible note maturity with cash raised from ongoing open market sales, I have decided to revise my aggressive assumptions for next year.Consequently, I am downgrading the company's shares from \"Strong Buy\" to \"Hold\" while decreasing my price target from $22.50 to $15.00.pingingz/iStock via Getty Images Note: I have covered Applied Optoelectronics, Inc. (NASDAQ:AAOI) previously, so investors should view this as an update to my earlier articles on the company. A little over two months ago, I urged investors to buy shares of fiber-optic networking products provider Applied Optoelectronics, Inc. or \"AOI\" following a 40% retreat from its 52-week-high of $16.26 marked on August 24. While shares are up by close to 50% since that time, trading in the stock has been highly volatile. What at first appeared to be a well-timed call started to turn into a major nightmare over the month of October and I ultimately ended up being stopped out of a sizeable position at a major loss. However, after briefly dipping below $7 in late October, shares have regained their footing and rallied by approximately 100% this month so far, likely as a result of renewed strength in leading AI player and key customer Microsoft Corporation (MSFT). Yahoo Finance Earlier this month, AOI reported third quarter results and provided fourth quarter guidance largely in line with expectations: Company Press Releases That said, free cash flow was negative - a whopping $18.6 million almost solely due to a more than 40% sequential increase in accounts receivable as a result of massive growth in the company's Datacenter segment: Company Press Releases In Q3, Datacenter revenues contributed almost 80% of total sales. Within the Datacenter segment, both the company's 100G and 400G products experienced strong growth with the older 100G technology surprisingly still contributing the lion's share, as outlined by management on the conference call: In the third quarter, 74% of our data center revenue was from our 100G products, 13% was from our 200G and 400G transceiver products, and 7% was from our 40G transceiver products. Notably, revenue for our 100G products increased 75% sequentially, while revenue for our 400G products increased 74% sequentially and accounted for just under 11% of our total data center revenue in Q3. To compensate for the material cash outflows, AOI continued to sell shares into the open market under its recently expanded Equity Distribution Agreement with Raymond James (RJF): Regulatory Filings / Q3 Conference Call Transcript While the ongoing open market sales are diluting existing shareholders, I would actually like to see the company taking advantage of the most recent rally and raise as much cash as possible in order to prepare for an upcoming $80.5 million convertible debt maturity on March 15. However, even full utilization of the remaining $26.8 million available under the current Equity Distribution Agreement won't be sufficient to repay the convertible notes but the company has sufficient authorized shares to allow for further upsizing of the agreement. In addition, a $19.0 million revolving credit facility with a Chinese bank is scheduled to mature on May 24. Please note that the company decided to terminate the proposed $150 million sale of its Chinese manufacturing facilities to Yuhan Optoelectronic Technology (Shanghai) Co. or \"Yuhan\" after the buyer's alleged failure to meet agreed-upon deadlines resulted in AOI losing confidence in Yuhan's ability to complete the transaction, according to statements made by management on the conference call. Currently, the company is exploring additional options with new potential buyers while concurrently pursuing a $3 million breakup fee from Yuhan. For the fourth quarter, the company expects 400G product contribution to increase, partially due to earlier-than-expected product shipments under the recently-announced supply agreements with core customer Microsoft Corporation (MSFT) for next generation lasers and active optical cables:  As a reminder, as we have discussed on our prior couple of earnings calls, we signed two agreements with Microsoft earlier this year, including a development program to make next-generation lasers for its data center, both for 400G and beyond, and for the development of their 400G and next-generation active optical cables. While not guaranteed, we continue to believe that the revenue opportunity for our 400G and 800G products could be greater and a longer duration than the revenue contribution we saw from this customer during the peak of the 40G product cycle, which suggests that revenue from these products may exceed $300 million over the several years of these build-outs. During the quarter, we received requests from Microsoft to expedite our production ramp for these products, which we are attempting to accommodate. Based on these expedite requests, we believe demand for these products remains strong, and our production teams are working very hard to add capacity for this production, which we now expect will allow us to begin shipments later this month, rather than in late December as originally planned.  With revenues under the new supply agreements with Microsoft likely to ramp over the course of 2024 and commercial shipments of the company's new 800G products also expected for next year, 2024 is likely to be a huge year for Applied Optoelectronics. However, these expectations are already very much reflected in current consensus estimates which call for an almost 60% year-over-year revenue increase and substantial profitability next year: Seeking Alpha Remember, my original investment thesis was based on even more aggressive growth and profitability assumptions as well as the convertible bonds being converted to equity at a conversion price of $17.55 per share in March. While still a distinct possibility, I have decided to take a more conservative stance and now expect the convertible notes to be repaid with cash raised from ongoing open market sales. In addition, I would assume the projected sales growth to require additional working capital. Depending on the average sales price, I wouldn't be surprised to see outstanding shares increasing by more than 25% to approximately 45 million by the end of Q1/2024. Please note also that the company's in-line quarter and guidance was below my beat-and-raise expectations. In addition, I was surprised by the revenue mix still being heavily-weighted towards legacy 100G technology which is likely to provide a headwind going forward. As a result, I am now projecting 2024 revenues of approximately $400 million and earnings per share (\"eps\") of $0.75 which is still above the high-end of current consensus expectations but substantially below my previous forecast for earnings potentially approaching $1.50 per share next year. Even when applying a P/E ratio more in line with industry peers of 20x my 2024 eps forecast, the resulting price target of $15 only provides for marginal upside from current share price levels. Bottom Line With leading AI player and key customer Microsoft's stock having rallied to new all-time highs in recent weeks, Applied Optoelectronics Inc.'s shares are red hot again. While I still expect 2024 to be a year of strong growth and meaningful profitability for AOI, the company's Q3 results and Q4 guidance came in below my aggressive expectations. In combination with some anticipated headwinds from decreasing 100G product revenue going forward and assumptions for the company repaying the March convertible note maturity with cash raised from ongoing open market sales, I have decided to revise my aggressive projections for next year.  Consequently, I am downgrading the company's shares from \"Strong Buy\" to \"Hold\" while decreasing my price target from $22.50 to $15.00.","news_type":1},"isVote":1,"tweetType":1,"viewCount":254,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":251363931283496,"gmtCreate":1702405336609,"gmtModify":1702405338028,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/251363931283496","repostId":"251321447407920","repostType":1,"repost":{"id":251321447407920,"gmtCreate":1702365889051,"gmtModify":1702365927790,"author":{"id":"212008496769156","authorId":"212008496769156","name":"捷克Jack","avatar":"https://static.tigerbbs.com/7cc48e563d37c21562541a2874ce20e4","crmLevel":3,"crmLevelSwitch":0},"themes":[],"title":"是的，我买了阿里巴巴","htmlText":"芒格大师已经走了， <a href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$</a> 的这笔投资可能是他最后时刻的“最不成功的投资”。 <a href=\"https://laohu8.com/S/09988\">$阿里巴巴-SW(09988)$</a> 割肉的时候，他也提了跟巴菲特割肉 <a href=\"https://laohu8.com/S/TSM\">$台积电(TSM)$</a> 一样的理由，“我不喜欢他的地理位置”。换句话说，他也是觉得，这家公司依然是被低估的。商业上的理由有很多，包括段永平大师也提到了“阿里学拼多多”，我认为核心是化繁为简，专注核心。其实仔细跟踪大厂的财报，你可以看到，已经在开始改变了。之所以还不是让投资者都“感同身受”，我觉得不仅仅是大环境的原因，也因为“大船掉头慢”。反过来想，如果已经在财报上体现出成功的改革，让散户都明明白白的看到，那还会是这个价格吗？之所以觉得这个位置可以建仓，主要取决于两个因素：估值和动量。估值上来讲，无论是倍数（multiples）还是现金流折现（DCF），都是显著的低估。倍数如果看PE，一个最大发展中国家的头部互联网公司仅10倍左右的PE，这得隐含了多少对未来倍数（P/E）预期风险考量？是中国人生意都不做了吗？还是要阿里的生意不断地平分给市场其他玩家？ <a href=\"https://laohu8.com/S/PDD\">$拼多多(PDD)$</a> <a href=\"https://laohu8.com/S/JD\">$京东(JD)$</a> 更重要的是，Earning的部分大多都是淘宝生态产生，且反哺了其他几个不赚钱的业务板块。如果后面其他几个业务板块纷纷盈利，那这个倍数就更低了。因此，我倾向于“均值回归”，用老祖宗的话来说就是“风水轮流转”。现金流电商公司本来就是得天独厚。当前的","listText":"芒格大师已经走了， <a href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$</a> 的这笔投资可能是他最后时刻的“最不成功的投资”。 <a href=\"https://laohu8.com/S/09988\">$阿里巴巴-SW(09988)$</a> 割肉的时候，他也提了跟巴菲特割肉 <a href=\"https://laohu8.com/S/TSM\">$台积电(TSM)$</a> 一样的理由，“我不喜欢他的地理位置”。换句话说，他也是觉得，这家公司依然是被低估的。商业上的理由有很多，包括段永平大师也提到了“阿里学拼多多”，我认为核心是化繁为简，专注核心。其实仔细跟踪大厂的财报，你可以看到，已经在开始改变了。之所以还不是让投资者都“感同身受”，我觉得不仅仅是大环境的原因，也因为“大船掉头慢”。反过来想，如果已经在财报上体现出成功的改革，让散户都明明白白的看到，那还会是这个价格吗？之所以觉得这个位置可以建仓，主要取决于两个因素：估值和动量。估值上来讲，无论是倍数（multiples）还是现金流折现（DCF），都是显著的低估。倍数如果看PE，一个最大发展中国家的头部互联网公司仅10倍左右的PE，这得隐含了多少对未来倍数（P/E）预期风险考量？是中国人生意都不做了吗？还是要阿里的生意不断地平分给市场其他玩家？ <a href=\"https://laohu8.com/S/PDD\">$拼多多(PDD)$</a> <a href=\"https://laohu8.com/S/JD\">$京东(JD)$</a> 更重要的是，Earning的部分大多都是淘宝生态产生，且反哺了其他几个不赚钱的业务板块。如果后面其他几个业务板块纷纷盈利，那这个倍数就更低了。因此，我倾向于“均值回归”，用老祖宗的话来说就是“风水轮流转”。现金流电商公司本来就是得天独厚。当前的","text":"芒格大师已经走了， $阿里巴巴(BABA)$ 的这笔投资可能是他最后时刻的“最不成功的投资”。 $阿里巴巴-SW(09988)$ 割肉的时候，他也提了跟巴菲特割肉 $台积电(TSM)$ 一样的理由，“我不喜欢他的地理位置”。换句话说，他也是觉得，这家公司依然是被低估的。商业上的理由有很多，包括段永平大师也提到了“阿里学拼多多”，我认为核心是化繁为简，专注核心。其实仔细跟踪大厂的财报，你可以看到，已经在开始改变了。之所以还不是让投资者都“感同身受”，我觉得不仅仅是大环境的原因，也因为“大船掉头慢”。反过来想，如果已经在财报上体现出成功的改革，让散户都明明白白的看到，那还会是这个价格吗？之所以觉得这个位置可以建仓，主要取决于两个因素：估值和动量。估值上来讲，无论是倍数（multiples）还是现金流折现（DCF），都是显著的低估。倍数如果看PE，一个最大发展中国家的头部互联网公司仅10倍左右的PE，这得隐含了多少对未来倍数（P/E）预期风险考量？是中国人生意都不做了吗？还是要阿里的生意不断地平分给市场其他玩家？ $拼多多(PDD)$ $京东(JD)$ 更重要的是，Earning的部分大多都是淘宝生态产生，且反哺了其他几个不赚钱的业务板块。如果后面其他几个业务板块纷纷盈利，那这个倍数就更低了。因此，我倾向于“均值回归”，用老祖宗的话来说就是“风水轮流转”。现金流电商公司本来就是得天独厚。当前的","images":[],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/251321447407920","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":205,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":248136507388032,"gmtCreate":1701617991005,"gmtModify":1701617992330,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/248136507388032","repostId":"244280230580512","repostType":1,"repost":{"id":244280230580512,"gmtCreate":1700653277003,"gmtModify":1700658713492,"author":{"id":"3513736945495657","authorId":"3513736945495657","name":"智通财经APP","avatar":"https://static.tigerbbs.com/16db7768af5d7e4361472f092e918510","crmLevel":1,"crmLevelSwitch":0},"themes":[],"title":"拿下微软3亿美元大订单，被低估的应用光电(AAOI.US)是下一只“十倍股”？","htmlText":"ChatGPT掀起的AI热潮方兴未艾，一家美股上市公司应用光电(AAOI.US) <a href=\"https://laohu8.com/S/AAOI\">$Applied Optoelectronics Inc.(AAOI)$</a> 股价正悄然“蹿升”：早在今年6月公司股价就自低点强势反弹，11月以来更是从7-8美元附近上涨至13.33美元(截至11月21日收盘)，月内涨幅高达80%。 从宏观层面来看，AI行业对算力需求的高速增长推动了光模块相关上市公司纷纷交出超预期的业绩“答卷”;而从公司层面来看，受益于大订单带动，公司业绩面明显改善，预计未来将持续保持增长势头。 消息面上，此前应用光电一度欲将包括中国子公司宁波环球广电在内的中国资产及业务出售给仕佳光子旗下的裕汉光电，但双方为收购案签署的SPA协议于9月终止。考虑到境内外资本市场运作的困难、今年宏观市场与AI行业的变化，应用光电或打算下一步联合中兴等合作伙伴，共同拓展在中国市场的光模块业务。而这一举措，无疑将为公司未来业绩贡献更多增量。 AI热潮推动光模块需求高增 之所以应用光电能够受到市场投资者青睐，主要是由于赛道和业绩的双重“加成”。 应用光电(Applied Optoelectronics)专注于设计和制造一系列光通信产品，包括数据中心光模块及服务器光连接产品等，业务范围涵盖高速光通信技术、数据中心互连、云计算和5G通信等领域。 据智通财经APP了解，光通信是以光波为载体的通信方式，目前已成为全球最主流的信息传输方式，而光模块是光通信系统物理层的基础构成单元之一，在5G光通信系统中光模块在系统设备中成本的占比可达50%-70%。 随着ChatGPT横空出世，AI行业持续火爆，对算力的需求也持续增加。以ChatGPT为例，ChatGPT的总算力消耗约为3640PF-days(每秒计算一千万亿次，需要计算3640天)","listText":"ChatGPT掀起的AI热潮方兴未艾，一家美股上市公司应用光电(AAOI.US) <a href=\"https://laohu8.com/S/AAOI\">$Applied Optoelectronics Inc.(AAOI)$</a> 股价正悄然“蹿升”：早在今年6月公司股价就自低点强势反弹，11月以来更是从7-8美元附近上涨至13.33美元(截至11月21日收盘)，月内涨幅高达80%。 从宏观层面来看，AI行业对算力需求的高速增长推动了光模块相关上市公司纷纷交出超预期的业绩“答卷”;而从公司层面来看，受益于大订单带动，公司业绩面明显改善，预计未来将持续保持增长势头。 消息面上，此前应用光电一度欲将包括中国子公司宁波环球广电在内的中国资产及业务出售给仕佳光子旗下的裕汉光电，但双方为收购案签署的SPA协议于9月终止。考虑到境内外资本市场运作的困难、今年宏观市场与AI行业的变化，应用光电或打算下一步联合中兴等合作伙伴，共同拓展在中国市场的光模块业务。而这一举措，无疑将为公司未来业绩贡献更多增量。 AI热潮推动光模块需求高增 之所以应用光电能够受到市场投资者青睐，主要是由于赛道和业绩的双重“加成”。 应用光电(Applied Optoelectronics)专注于设计和制造一系列光通信产品，包括数据中心光模块及服务器光连接产品等，业务范围涵盖高速光通信技术、数据中心互连、云计算和5G通信等领域。 据智通财经APP了解，光通信是以光波为载体的通信方式，目前已成为全球最主流的信息传输方式，而光模块是光通信系统物理层的基础构成单元之一，在5G光通信系统中光模块在系统设备中成本的占比可达50%-70%。 随着ChatGPT横空出世，AI行业持续火爆，对算力的需求也持续增加。以ChatGPT为例，ChatGPT的总算力消耗约为3640PF-days(每秒计算一千万亿次，需要计算3640天)","text":"ChatGPT掀起的AI热潮方兴未艾，一家美股上市公司应用光电(AAOI.US) $Applied Optoelectronics Inc.(AAOI)$ 股价正悄然“蹿升”：早在今年6月公司股价就自低点强势反弹，11月以来更是从7-8美元附近上涨至13.33美元(截至11月21日收盘)，月内涨幅高达80%。 从宏观层面来看，AI行业对算力需求的高速增长推动了光模块相关上市公司纷纷交出超预期的业绩“答卷”;而从公司层面来看，受益于大订单带动，公司业绩面明显改善，预计未来将持续保持增长势头。 消息面上，此前应用光电一度欲将包括中国子公司宁波环球广电在内的中国资产及业务出售给仕佳光子旗下的裕汉光电，但双方为收购案签署的SPA协议于9月终止。考虑到境内外资本市场运作的困难、今年宏观市场与AI行业的变化，应用光电或打算下一步联合中兴等合作伙伴，共同拓展在中国市场的光模块业务。而这一举措，无疑将为公司未来业绩贡献更多增量。 AI热潮推动光模块需求高增 之所以应用光电能够受到市场投资者青睐，主要是由于赛道和业绩的双重“加成”。 应用光电(Applied Optoelectronics)专注于设计和制造一系列光通信产品，包括数据中心光模块及服务器光连接产品等，业务范围涵盖高速光通信技术、数据中心互连、云计算和5G通信等领域。 据智通财经APP了解，光通信是以光波为载体的通信方式，目前已成为全球最主流的信息传输方式，而光模块是光通信系统物理层的基础构成单元之一，在5G光通信系统中光模块在系统设备中成本的占比可达50%-70%。 随着ChatGPT横空出世，AI行业持续火爆，对算力的需求也持续增加。以ChatGPT为例，ChatGPT的总算力消耗约为3640PF-days(每秒计算一千万亿次，需要计算3640天)","images":[{"img":"https://static.tigerbbs.com/de15b5704646d0f43466d95afb778def","width":"642","height":"276"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/244280230580512","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":341,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":226864247582792,"gmtCreate":1696394869089,"gmtModify":1696394870419,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/226864247582792","repostId":"226789069946944","repostType":1,"repost":{"id":226789069946944,"gmtCreate":1696376493951,"gmtModify":1696379994182,"author":{"id":"3478213283465426","authorId":"3478213283465426","name":"美股投资网","avatar":"https://static.tigerbbs.com/a1bfd2cf1aa240d7058795c83d419510","crmLevel":1,"crmLevelSwitch":0},"themes":[],"title":"美股一夜回到 “解放前”","htmlText":"今日摘要 美国大型科技股全数收跌， <a href=\"https://laohu8.com/S/AMZN\">$亚马逊(AMZN)$</a> 跌3.66%， <a href=\"https://laohu8.com/S/NVDA\">$英伟达(NVDA)$</a> 跌2.82%； 美国10年期、30年期国债收益率双双刷新2007年以来的最高水平； 美债“投降式”被抛售； 热门中概股集体下跌，纳斯达克中国金龙指数跌2.24%； 英国监管机构将推动对亚马逊和微软云计算主导地位调查。 截至收盘，道琼斯指数跌1.29%，报33,002.38点，为今年3月份以来表现最差的一天，跌回去今年年初的起步价；标普500指数跌1.37%，报4,229.45点；纳斯达克综合指数跌1.87%，报13,059.47点。 原因是美国8月JOLTS职位空缺 961万人，远超预期的881万，较前值跳涨近70万，劳动力市场进一步收紧，坐实了投资者对美联储将面临更多压力在更长时间内维持更高利率的预期。 交易员对美联储在11月加息25个基点的押注小幅升至28%，对等到12月再加息的押注维持在39%。整体来说，认为今年不会再加息的概率约为54%，代表存在很大不确定性。 “恐慌指数”VIX盘中一度升破20关口，为今年5月份以来首次。由于周二的行情，道指抹平了今年全年的涨幅，转为累计下跌0.4%。与之相比，标普500指数还维持逾10%的年内涨幅，而纳指的累计涨幅约为25%。 美国国债20+年ETF-iShares(TLT) 被大量抛售，根据 美股大数据&nbsp;追踪，机构交易员们大量做空 TLT 图片来源：StockWe.com <a href=\"https://laohu8.com/S/.IXIC\">$纳斯达克(.IXIC)$</a> <a href=\"https://laohu8.com/S/.SPX\">$标</a>","listText":"今日摘要 美国大型科技股全数收跌， <a href=\"https://laohu8.com/S/AMZN\">$亚马逊(AMZN)$</a> 跌3.66%， <a href=\"https://laohu8.com/S/NVDA\">$英伟达(NVDA)$</a> 跌2.82%； 美国10年期、30年期国债收益率双双刷新2007年以来的最高水平； 美债“投降式”被抛售； 热门中概股集体下跌，纳斯达克中国金龙指数跌2.24%； 英国监管机构将推动对亚马逊和微软云计算主导地位调查。 截至收盘，道琼斯指数跌1.29%，报33,002.38点，为今年3月份以来表现最差的一天，跌回去今年年初的起步价；标普500指数跌1.37%，报4,229.45点；纳斯达克综合指数跌1.87%，报13,059.47点。 原因是美国8月JOLTS职位空缺 961万人，远超预期的881万，较前值跳涨近70万，劳动力市场进一步收紧，坐实了投资者对美联储将面临更多压力在更长时间内维持更高利率的预期。 交易员对美联储在11月加息25个基点的押注小幅升至28%，对等到12月再加息的押注维持在39%。整体来说，认为今年不会再加息的概率约为54%，代表存在很大不确定性。 “恐慌指数”VIX盘中一度升破20关口，为今年5月份以来首次。由于周二的行情，道指抹平了今年全年的涨幅，转为累计下跌0.4%。与之相比，标普500指数还维持逾10%的年内涨幅，而纳指的累计涨幅约为25%。 美国国债20+年ETF-iShares(TLT) 被大量抛售，根据 美股大数据&nbsp;追踪，机构交易员们大量做空 TLT 图片来源：StockWe.com <a href=\"https://laohu8.com/S/.IXIC\">$纳斯达克(.IXIC)$</a> <a href=\"https://laohu8.com/S/.SPX\">$标</a>","text":"今日摘要 美国大型科技股全数收跌， $亚马逊(AMZN)$ 跌3.66%， $英伟达(NVDA)$ 跌2.82%； 美国10年期、30年期国债收益率双双刷新2007年以来的最高水平； 美债“投降式”被抛售； 热门中概股集体下跌，纳斯达克中国金龙指数跌2.24%； 英国监管机构将推动对亚马逊和微软云计算主导地位调查。 截至收盘，道琼斯指数跌1.29%，报33,002.38点，为今年3月份以来表现最差的一天，跌回去今年年初的起步价；标普500指数跌1.37%，报4,229.45点；纳斯达克综合指数跌1.87%，报13,059.47点。 原因是美国8月JOLTS职位空缺 961万人，远超预期的881万，较前值跳涨近70万，劳动力市场进一步收紧，坐实了投资者对美联储将面临更多压力在更长时间内维持更高利率的预期。 交易员对美联储在11月加息25个基点的押注小幅升至28%，对等到12月再加息的押注维持在39%。整体来说，认为今年不会再加息的概率约为54%，代表存在很大不确定性。 “恐慌指数”VIX盘中一度升破20关口，为今年5月份以来首次。由于周二的行情，道指抹平了今年全年的涨幅，转为累计下跌0.4%。与之相比，标普500指数还维持逾10%的年内涨幅，而纳指的累计涨幅约为25%。 美国国债20+年ETF-iShares(TLT) 被大量抛售，根据 美股大数据 追踪，机构交易员们大量做空 TLT 图片来源：StockWe.com $纳斯达克(.IXIC)$ $标","images":[{"img":"https://static.tigerbbs.com/a8c4c88a52a9d1263e35fd80b3dbfa0f","width":"1080","height":"686"},{"img":"https://static.tigerbbs.com/78e2533891c7837bb6c1c6a852411639","width":"1015","height":"462"},{"img":"https://static.tigerbbs.com/215a674d48cb0c1b6845766ca9052650","width":"1025","height":"646"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/226789069946944","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":4,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":517,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":223380383539304,"gmtCreate":1695505390351,"gmtModify":1695505391799,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/223380383539304","repostId":"222503332519976","repostType":1,"repost":{"id":222503332519976,"gmtCreate":1695342115525,"gmtModify":1695342143620,"author":{"id":"3527667688472228","authorId":"3527667688472228","name":"ETF小帮手","avatar":"https://static.tigerbbs.com/087e050021c7db2ae39b1cb7515b694d","crmLevel":1,"crmLevelSwitch":0},"themes":[],"title":"ETF追踪 | “木头姐”深信：“降息之日”将是主题投资的“高光时刻”！","htmlText":"摘要：ARK Innovation ETF（ARKK）今年上涨了约 31%，ARK 下一代互联网 ETF ( ARKW ) 上涨 43%。方舟投资(ARK)CEO凯西·伍德表示，当美联储降息时，投资者将涌向专注于热门主题的基金。伍德正在通过一项新收购加大投资策略的创新力度。作为ARK投资管理公司的创始人，她表示，欧洲央行可能会在2024年开始降息，这将有利于她多年来一直青睐的策略类型。ARK投资管理公司收购了另一家交易所交易基金发行人Rize ETF Limited，以大举进军欧洲新兴的趋势驱动型投资市场。伍德周三在接受采访时表示:“我认为，我们正处于大幅加息的另一边，那次加息确实破坏了很多表现。”“这是最重要的。我们已经准备好迎接黄金时段了。”尽管伍德承认，随着全球各国央行上调利率以对抗通胀，她的ETF去年表现不佳，但到目前为止，她旗下的大多数基金在2023年都实现了两位数的回报。她的旗舰基金<a href=\"https://laohu8.com/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>今年上涨了约31%。ARK下一代互联网ETF (ARKW)上涨了43%。她表示:“如果说有什么不同的话，那就是创新在困难时期会获得动力。”“我们的投资组合今年表现出色的原因——确实如此——是因为它们在日益艰难的环境中获得了更多的份额。一个接一个地，我们将重新赚钱——这一切都是关于收入增长和利润率扩大。”在周三的采访中，伍德还表示，美国汽车工人联合会(uaw)的罢工对ARK的核心投资<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a>来说可能是一个积极的发展。根据数据，特斯拉是ARKK的最大持仓公司。虽然可能会出现更多的生产短缺，但伍德表示，消费者的偏好正在转向价格一直在下降的电动汽车。她认为，“特斯拉只是","listText":"摘要：ARK Innovation ETF（ARKK）今年上涨了约 31%，ARK 下一代互联网 ETF ( ARKW ) 上涨 43%。方舟投资(ARK)CEO凯西·伍德表示，当美联储降息时，投资者将涌向专注于热门主题的基金。伍德正在通过一项新收购加大投资策略的创新力度。作为ARK投资管理公司的创始人，她表示，欧洲央行可能会在2024年开始降息，这将有利于她多年来一直青睐的策略类型。ARK投资管理公司收购了另一家交易所交易基金发行人Rize ETF Limited，以大举进军欧洲新兴的趋势驱动型投资市场。伍德周三在接受采访时表示:“我认为，我们正处于大幅加息的另一边，那次加息确实破坏了很多表现。”“这是最重要的。我们已经准备好迎接黄金时段了。”尽管伍德承认，随着全球各国央行上调利率以对抗通胀，她的ETF去年表现不佳，但到目前为止，她旗下的大多数基金在2023年都实现了两位数的回报。她的旗舰基金<a href=\"https://laohu8.com/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>今年上涨了约31%。ARK下一代互联网ETF (ARKW)上涨了43%。她表示:“如果说有什么不同的话，那就是创新在困难时期会获得动力。”“我们的投资组合今年表现出色的原因——确实如此——是因为它们在日益艰难的环境中获得了更多的份额。一个接一个地，我们将重新赚钱——这一切都是关于收入增长和利润率扩大。”在周三的采访中，伍德还表示，美国汽车工人联合会(uaw)的罢工对ARK的核心投资<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a>来说可能是一个积极的发展。根据数据，特斯拉是ARKK的最大持仓公司。虽然可能会出现更多的生产短缺，但伍德表示，消费者的偏好正在转向价格一直在下降的电动汽车。她认为，“特斯拉只是","text":"摘要：ARK Innovation ETF（ARKK）今年上涨了约 31%，ARK 下一代互联网 ETF ( ARKW ) 上涨 43%。方舟投资(ARK)CEO凯西·伍德表示，当美联储降息时，投资者将涌向专注于热门主题的基金。伍德正在通过一项新收购加大投资策略的创新力度。作为ARK投资管理公司的创始人，她表示，欧洲央行可能会在2024年开始降息，这将有利于她多年来一直青睐的策略类型。ARK投资管理公司收购了另一家交易所交易基金发行人Rize ETF Limited，以大举进军欧洲新兴的趋势驱动型投资市场。伍德周三在接受采访时表示:“我认为，我们正处于大幅加息的另一边，那次加息确实破坏了很多表现。”“这是最重要的。我们已经准备好迎接黄金时段了。”尽管伍德承认，随着全球各国央行上调利率以对抗通胀，她的ETF去年表现不佳，但到目前为止，她旗下的大多数基金在2023年都实现了两位数的回报。她的旗舰基金$ARK Innovation ETF(ARKK)$今年上涨了约31%。ARK下一代互联网ETF (ARKW)上涨了43%。她表示:“如果说有什么不同的话，那就是创新在困难时期会获得动力。”“我们的投资组合今年表现出色的原因——确实如此——是因为它们在日益艰难的环境中获得了更多的份额。一个接一个地，我们将重新赚钱——这一切都是关于收入增长和利润率扩大。”在周三的采访中，伍德还表示，美国汽车工人联合会(uaw)的罢工对ARK的核心投资$特斯拉(TSLA)$来说可能是一个积极的发展。根据数据，特斯拉是ARKK的最大持仓公司。虽然可能会出现更多的生产短缺，但伍德表示，消费者的偏好正在转向价格一直在下降的电动汽车。她认为，“特斯拉只是","images":[{"img":"https://static.tigerbbs.com/ef1fae0bad3c205d14a383a29854f036","width":"1000","height":"1000"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/222503332519976","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":466,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":219314103242752,"gmtCreate":1694581030249,"gmtModify":1694581031478,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/219314103242752","repostId":"210986166874152","repostType":1,"repost":{"id":210986166874152,"gmtCreate":1692529881857,"gmtModify":1692530230689,"author":{"id":"9000000000000038","authorId":"9000000000000038","name":"中文投资网","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0},"themes":[],"title":"8月回调月，但这些股拥有反弹机会，或有翻倍回报","htmlText":"到目前为止，八月份对于股市而言是一个动荡的月份。美国股指在本月内均是下跌的走势，其估值也正从高位跌落。标普500指数本月下跌了4%，纳斯达克指数则下跌了约6%。美联储7月份会议纪要显示，为控制通胀可能需要进一步收紧政策，这加剧了投资者的担忧。其他地区的市场同样也放缓了，Vanguard富时全球除美指数在过去一个月内是走低的。Wells Fargo Investment Institute高级全球市场策略师Sameer Samana表示：“我们认为，股票市场最近的停滞是由于长期利率急剧上升、对经济放缓和持续通胀的担忧，以及盈利疲软所致。”她在周二的一份报告中表示，该公司预测标普500指数将回撤至“关键支撑水平”，分别为50日移动平均线和200日移动平均线，即4,433和4,112。Samana补充道：“投资者应保持守势，等待更好的风险回报权衡。”尽管如此，仍有一些人对标普500指数持乐观态度，该指数周三报收于4,404点左右。CNBC的市场策略师调查显示，给予该指数的年底最高目标点位为4,900点，目标中值为4,450点。投资公司Sanders Morris Harris的董事长George Ball预测标普500指数将达到5,000点。他在周一的一份报告中表示，即使利率超过5%，公司也将展现出“令人瞩目”的超过盈利预期的能力。他说：“投资者应该保持正常的股票、债券和现金比例，但他们应该从大盘股和FANG类科技巨头股票转向中盘科技股，这些股票的估值更有吸引力。”仍有上升潜力的股票对于那些寻找本月出现回调但仍有上涨潜力股票的人，CNBC Pro对标普500指数和Vanguard富时全球除美指数进行了筛选。入选的股票都在8月份出现了下跌，但其平均目标价至少仍有30%的上涨潜力，并且至少有一半的分析师给予买入评级。入选的美国科技股包括Block((SQ))、PayPal((PYPL","listText":"到目前为止，八月份对于股市而言是一个动荡的月份。美国股指在本月内均是下跌的走势，其估值也正从高位跌落。标普500指数本月下跌了4%，纳斯达克指数则下跌了约6%。美联储7月份会议纪要显示，为控制通胀可能需要进一步收紧政策，这加剧了投资者的担忧。其他地区的市场同样也放缓了，Vanguard富时全球除美指数在过去一个月内是走低的。Wells Fargo Investment Institute高级全球市场策略师Sameer Samana表示：“我们认为，股票市场最近的停滞是由于长期利率急剧上升、对经济放缓和持续通胀的担忧，以及盈利疲软所致。”她在周二的一份报告中表示，该公司预测标普500指数将回撤至“关键支撑水平”，分别为50日移动平均线和200日移动平均线，即4,433和4,112。Samana补充道：“投资者应保持守势，等待更好的风险回报权衡。”尽管如此，仍有一些人对标普500指数持乐观态度，该指数周三报收于4,404点左右。CNBC的市场策略师调查显示，给予该指数的年底最高目标点位为4,900点，目标中值为4,450点。投资公司Sanders Morris Harris的董事长George Ball预测标普500指数将达到5,000点。他在周一的一份报告中表示，即使利率超过5%，公司也将展现出“令人瞩目”的超过盈利预期的能力。他说：“投资者应该保持正常的股票、债券和现金比例，但他们应该从大盘股和FANG类科技巨头股票转向中盘科技股，这些股票的估值更有吸引力。”仍有上升潜力的股票对于那些寻找本月出现回调但仍有上涨潜力股票的人，CNBC Pro对标普500指数和Vanguard富时全球除美指数进行了筛选。入选的股票都在8月份出现了下跌，但其平均目标价至少仍有30%的上涨潜力，并且至少有一半的分析师给予买入评级。入选的美国科技股包括Block((SQ))、PayPal((PYPL","text":"到目前为止，八月份对于股市而言是一个动荡的月份。美国股指在本月内均是下跌的走势，其估值也正从高位跌落。标普500指数本月下跌了4%，纳斯达克指数则下跌了约6%。美联储7月份会议纪要显示，为控制通胀可能需要进一步收紧政策，这加剧了投资者的担忧。其他地区的市场同样也放缓了，Vanguard富时全球除美指数在过去一个月内是走低的。Wells Fargo Investment Institute高级全球市场策略师Sameer Samana表示：“我们认为，股票市场最近的停滞是由于长期利率急剧上升、对经济放缓和持续通胀的担忧，以及盈利疲软所致。”她在周二的一份报告中表示，该公司预测标普500指数将回撤至“关键支撑水平”，分别为50日移动平均线和200日移动平均线，即4,433和4,112。Samana补充道：“投资者应保持守势，等待更好的风险回报权衡。”尽管如此，仍有一些人对标普500指数持乐观态度，该指数周三报收于4,404点左右。CNBC的市场策略师调查显示，给予该指数的年底最高目标点位为4,900点，目标中值为4,450点。投资公司Sanders Morris Harris的董事长George Ball预测标普500指数将达到5,000点。他在周一的一份报告中表示，即使利率超过5%，公司也将展现出“令人瞩目”的超过盈利预期的能力。他说：“投资者应该保持正常的股票、债券和现金比例，但他们应该从大盘股和FANG类科技巨头股票转向中盘科技股，这些股票的估值更有吸引力。”仍有上升潜力的股票对于那些寻找本月出现回调但仍有上涨潜力股票的人，CNBC Pro对标普500指数和Vanguard富时全球除美指数进行了筛选。入选的股票都在8月份出现了下跌，但其平均目标价至少仍有30%的上涨潜力，并且至少有一半的分析师给予买入评级。入选的美国科技股包括Block((SQ))、PayPal((PYPL","images":[{"img":"https://static.tigerbbs.com/eb018d2192eb4152960f27ca0039eef0"},{"img":"https://static.tigerbbs.com/8d6d02b144224803b21bf8bdd2bc7c00"},{"img":"https://static.tigerbbs.com/1d7e572ef9784b6bb96fc4993e9a7844"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/210986166874152","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":523,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":184898903347256,"gmtCreate":1686180644000,"gmtModify":1686180645394,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/184898903347256","repostId":"1194912632","repostType":4,"isVote":1,"tweetType":1,"viewCount":1312,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":184898479673400,"gmtCreate":1686180540563,"gmtModify":1686180541953,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/184898479673400","repostId":"1103856726","repostType":4,"isVote":1,"tweetType":1,"viewCount":563,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":184898375086120,"gmtCreate":1686180492892,"gmtModify":1686180494308,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/184898375086120","repostId":"1109003669","repostType":4,"isVote":1,"tweetType":1,"viewCount":452,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":184898028970136,"gmtCreate":1686180489319,"gmtModify":1686180490806,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/184898028970136","repostId":"1109003669","repostType":4,"isVote":1,"tweetType":1,"viewCount":675,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":182391504810016,"gmtCreate":1685537786926,"gmtModify":1685537789097,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/182391504810016","repostId":"2339540762","repostType":4,"isVote":1,"tweetType":1,"viewCount":402,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":182391145631800,"gmtCreate":1685537760570,"gmtModify":1685537762022,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/182391145631800","repostId":"1139707622","repostType":4,"repost":{"id":"1139707622","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1685518774,"share":"https://www.laohu8.com/m/news/1139707622?lang=&edition=full","pubTime":"2023-05-31 15:39","market":"us","language":"zh","title":"热点观察 | 英伟达当不上“大哥”，揭秘涨幅最高的十只AI股","url":"https://stock-news.laohu8.com/highlight/detail?id=1139707622","media":"老虎资讯综合","summary":"2023年美股市场最强的风口，无疑是人工智能。","content":"<html><head></head><body><p>2023年美股市场最强的风口，无疑是人工智能。而其中最引人注目的公司，当属英伟达。</p><p>北京时间周二（5月30日），英伟达收涨2.99％，盘中总市值突破1万亿美元，<strong>成为继Meta、亚马逊、微软、Alphabet、苹果和特斯拉之后，美国第七家解锁这项成就的公司。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/849cdb8028fad43efd787d1a4d02459c\" title=\"\" tg-width=\"560\" tg-height=\"240\"/></p><p>同时，不仅仅是英伟达、台积电等半导体公司，C3.ai和Upstart等不同领域的人工智能概念公司市值也出现飙升。截至目前，今年的最高涨幅已经接近300%！以下是年内涨幅最大的十只AI概念股。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/65f15df7bcc325fa4c9ac69e74256f15\" tg-width=\"1407\" tg-height=\"1996\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" 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width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n热点观察 | 英伟达当不上“大哥”，揭秘涨幅最高的十只AI股\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2023-05-31 15:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>2023年美股市场最强的风口，无疑是人工智能。而其中最引人注目的公司，当属英伟达。</p><p>北京时间周二（5月30日），英伟达收涨2.99％，盘中总市值突破1万亿美元，<strong>成为继Meta、亚马逊、微软、Alphabet、苹果和特斯拉之后，美国第七家解锁这项成就的公司。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/849cdb8028fad43efd787d1a4d02459c\" title=\"\" tg-width=\"560\" tg-height=\"240\"/></p><p>同时，不仅仅是英伟达、台积电等半导体公司，C3.ai和Upstart等不同领域的人工智能概念公司市值也出现飙升。截至目前，今年的最高涨幅已经接近300%！以下是年内涨幅最大的十只AI概念股。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/65f15df7bcc325fa4c9ac69e74256f15\" tg-width=\"1407\" tg-height=\"1996\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/235d58fcd00f81bf696efbcf39ea54f3","relate_stocks":{"AI":"C3.ai, Inc.","NVDA":"英伟达"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139707622","content_text":"2023年美股市场最强的风口，无疑是人工智能。而其中最引人注目的公司，当属英伟达。北京时间周二（5月30日），英伟达收涨2.99％，盘中总市值突破1万亿美元，成为继Meta、亚马逊、微软、Alphabet、苹果和特斯拉之后，美国第七家解锁这项成就的公司。同时，不仅仅是英伟达、台积电等半导体公司，C3.ai和Upstart等不同领域的人工智能概念公司市值也出现飙升。截至目前，今年的最高涨幅已经接近300%！以下是年内涨幅最大的十只AI概念股。","news_type":1},"isVote":1,"tweetType":1,"viewCount":634,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":182053611585688,"gmtCreate":1685455368298,"gmtModify":1685455370025,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/182053611585688","repostId":"1187588271","repostType":4,"repost":{"id":"1187588271","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1685453407,"share":"https://www.laohu8.com/m/news/1187588271?lang=&edition=full","pubTime":"2023-05-30 21:30","market":"us","language":"zh","title":"开盘 | 美股三大指数涨跌不一，英伟达总市值突破万亿美元","url":"https://stock-news.laohu8.com/highlight/detail?id=1187588271","media":"老虎资讯综合","summary":"5月30日，美股开盘涨跌不一，道琼斯指数开盘下跌27.27点，跌幅0.08%，报33066.07点；标普500指数开盘上涨19.65点，涨幅0.47%，报4225.10点；纳斯达克综合指数开盘上涨13","content":"<html><head></head><body><p>5月30日，美股开盘涨跌不一，道琼斯指数开盘下跌27.27点，跌幅0.08%，报33066.07点；标普500指数开盘上涨19.65点，涨幅0.47%，报4225.10点；纳斯达克综合指数开盘上涨139.91点，涨幅1.08%，报13115.60点。</p><p>AI概念股走高，<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>涨超4%，市值突破1万亿美元；C3.ai涨超12%，Palantir涨超5%。</p><p>明星科技股集体上涨，奈飞涨超5%，<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>涨超3%，<a href=\"https://laohu8.com/S/QCOM\">高通</a>、<a href=\"https://laohu8.com/S/INTC\">英特尔</a>涨超2%，<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>涨超1%。</p><p>美股新能源车板块普涨，<a href=\"https://laohu8.com/S/LI\">理想汽车</a>涨约6%，<a href=\"https://laohu8.com/S/FFIE\">法拉第未来</a>涨超6%，<a href=\"https://laohu8.com/S/F\">福特汽车</a>涨超5%，<a href=\"https://laohu8.com/S/NIO\">蔚来</a>涨超1%。</p><p><a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>涨近4%，马斯克3年来首次访华，国务委员兼外长秦刚在北京会见了马斯克。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>开盘 | 美股三大指数涨跌不一，英伟达总市值突破万亿美元</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ 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class=\"title\">\n开盘 | 美股三大指数涨跌不一，英伟达总市值突破万亿美元\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2023-05-30 21:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>5月30日，美股开盘涨跌不一，道琼斯指数开盘下跌27.27点，跌幅0.08%，报33066.07点；标普500指数开盘上涨19.65点，涨幅0.47%，报4225.10点；纳斯达克综合指数开盘上涨139.91点，涨幅1.08%，报13115.60点。</p><p>AI概念股走高，<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>涨超4%，市值突破1万亿美元；C3.ai涨超12%，Palantir涨超5%。</p><p>明星科技股集体上涨，奈飞涨超5%，<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>涨超3%，<a href=\"https://laohu8.com/S/QCOM\">高通</a>、<a href=\"https://laohu8.com/S/INTC\">英特尔</a>涨超2%，<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>涨超1%。</p><p>美股新能源车板块普涨，<a href=\"https://laohu8.com/S/LI\">理想汽车</a>涨约6%，<a href=\"https://laohu8.com/S/FFIE\">法拉第未来</a>涨超6%，<a href=\"https://laohu8.com/S/F\">福特汽车</a>涨超5%，<a href=\"https://laohu8.com/S/NIO\">蔚来</a>涨超1%。</p><p><a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>涨近4%，马斯克3年来首次访华，国务委员兼外长秦刚在北京会见了马斯克。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ff6e3231d788a5a6d28cf7965385cc7f","relate_stocks":{"BK4503":"景林资产持仓","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","BK4551":"寇图资本持仓","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4581":"高盛持仓","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","NVDA":"英伟达","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BK4579":"人工智能","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS 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2023）上，英伟达CEO黄仁勋向全世界宣布——我们已经到达了生成式AI的引爆点。从此，全世界的每个角落，都会有计算需求。 他依旧是穿着标志性的皮衣，意气风发地在主题演讲期间先是现场给自家显卡带货，然后一连公布涉及加速计算和人工智能（AI）的多项进展。 发布会亮点一览： 1、Grace Hopper支持用于运行生成式 AI 的大内存超级计算机。2、模块化参考架构推动实现 100 多种加速服务器配置。3、WPP 和 NVIDIA 在 Omniverse 中创建数字广告内容引擎。4、网络技术加速基于以太网的 AI 云。5、NVIDIA ACE 游戏开发版通过生成式 AI 令游戏角色栩栩如生。6、世界各地的电子制造商采用 NVIDIA AI。 发布全新最强GPU，专为大模型打造 推出大内存生成式AI超级计算机DGX GH200，可加速生成式AI设计的Grace Hopper超级芯片GH200已全面投产。 这一「超级GPU」使用NVLink-c2c互连技术，将基于ARM节能的GraceCPU和高性能NVIDIA H100 Tensor Core GPU结合在一起，提供了高达900GB/s的总带宽。 而更激动人心的是，256个GH200组成的AI超级计算机DGX GH200即将上市。这款超算拥有高达1 exaflop的AI性能，以及144TB的共享内存。约为DGX A100超算320GB内存的500倍，可让开发者更好地开发聊天机器人、互联网推荐系统算法等大模型AI应用。据悉谷歌、Meta和微软巨头将率先尝鲜。 黄仁勋对比了使用GPU和CPU建设数据中心的差异。他声称，同样的投资，你可以使用更少的GPU建设一个处理更大数据量的数据中心，功耗更低。 “买越多，省越多（The more yo","listText":"继上周因远超预期的财报业绩预测引得股价和市值飙涨后，5月29日的台北电脑展（Computex 2023）上，英伟达CEO黄仁勋向全世界宣布——我们已经到达了生成式AI的引爆点。从此，全世界的每个角落，都会有计算需求。 他依旧是穿着标志性的皮衣，意气风发地在主题演讲期间先是现场给自家显卡带货，然后一连公布涉及加速计算和人工智能（AI）的多项进展。 发布会亮点一览： 1、Grace Hopper支持用于运行生成式 AI 的大内存超级计算机。2、模块化参考架构推动实现 100 多种加速服务器配置。3、WPP 和 NVIDIA 在 Omniverse 中创建数字广告内容引擎。4、网络技术加速基于以太网的 AI 云。5、NVIDIA ACE 游戏开发版通过生成式 AI 令游戏角色栩栩如生。6、世界各地的电子制造商采用 NVIDIA AI。 发布全新最强GPU，专为大模型打造 推出大内存生成式AI超级计算机DGX GH200，可加速生成式AI设计的Grace Hopper超级芯片GH200已全面投产。 这一「超级GPU」使用NVLink-c2c互连技术，将基于ARM节能的GraceCPU和高性能NVIDIA H100 Tensor Core GPU结合在一起，提供了高达900GB/s的总带宽。 而更激动人心的是，256个GH200组成的AI超级计算机DGX GH200即将上市。这款超算拥有高达1 exaflop的AI性能，以及144TB的共享内存。约为DGX A100超算320GB内存的500倍，可让开发者更好地开发聊天机器人、互联网推荐系统算法等大模型AI应用。据悉谷歌、Meta和微软巨头将率先尝鲜。 黄仁勋对比了使用GPU和CPU建设数据中心的差异。他声称，同样的投资，你可以使用更少的GPU建设一个处理更大数据量的数据中心，功耗更低。 “买越多，省越多（The more yo","text":"继上周因远超预期的财报业绩预测引得股价和市值飙涨后，5月29日的台北电脑展（Computex 2023）上，英伟达CEO黄仁勋向全世界宣布——我们已经到达了生成式AI的引爆点。从此，全世界的每个角落，都会有计算需求。 他依旧是穿着标志性的皮衣，意气风发地在主题演讲期间先是现场给自家显卡带货，然后一连公布涉及加速计算和人工智能（AI）的多项进展。 发布会亮点一览： 1、Grace Hopper支持用于运行生成式 AI 的大内存超级计算机。2、模块化参考架构推动实现 100 多种加速服务器配置。3、WPP 和 NVIDIA 在 Omniverse 中创建数字广告内容引擎。4、网络技术加速基于以太网的 AI 云。5、NVIDIA ACE 游戏开发版通过生成式 AI 令游戏角色栩栩如生。6、世界各地的电子制造商采用 NVIDIA AI。 发布全新最强GPU，专为大模型打造 推出大内存生成式AI超级计算机DGX GH200，可加速生成式AI设计的Grace Hopper超级芯片GH200已全面投产。 这一「超级GPU」使用NVLink-c2c互连技术，将基于ARM节能的GraceCPU和高性能NVIDIA H100 Tensor Core GPU结合在一起，提供了高达900GB/s的总带宽。 而更激动人心的是，256个GH200组成的AI超级计算机DGX GH200即将上市。这款超算拥有高达1 exaflop的AI性能，以及144TB的共享内存。约为DGX A100超算320GB内存的500倍，可让开发者更好地开发聊天机器人、互联网推荐系统算法等大模型AI应用。据悉谷歌、Meta和微软巨头将率先尝鲜。 黄仁勋对比了使用GPU和CPU建设数据中心的差异。他声称，同样的投资，你可以使用更少的GPU建设一个处理更大数据量的数据中心，功耗更低。 “买越多，省越多（The more yo","images":[{"img":"https://static.tigerbbs.com/a61553480f76aebf5c1a3e73d3efe7aa","width":"1080","height":"597"},{"img":"https://static.tigerbbs.com/5ba5bada810ff1247ccaa33b837e99cf","width":"500","height":"280"},{"img":"https://static.tigerbbs.com/064d427e9f8bc9ad830bd9f5cfa7aab1","width":"1080","height":"525"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/181795590443136","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":341,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":655336457,"gmtCreate":1685172377580,"gmtModify":1685172379362,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"哈哈，这是在挖坑吗？","listText":"哈哈，这是在挖坑吗？","text":"哈哈，这是在挖坑吗？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/655336457","repostId":"2338481972","repostType":4,"repost":{"id":"2338481972","pubTimestamp":1685171426,"share":"https://www.laohu8.com/m/news/2338481972?lang=&edition=full","pubTime":"2023-05-27 15:10","market":"us","language":"zh","title":"AI芯片预期“震撼”！华尔街高呼“AI大战，英伟达是唯一军火商”","url":"https://stock-news.laohu8.com/highlight/detail?id=2338481972","media":"华尔街见闻","summary":"英伟达超预期业绩指引引爆市场狂热情绪，分析师们纷纷上调目标价。在英伟达公布财报业绩使市场情绪大受鼓舞后，分析师们纷纷上调了对该公司的目标股价，并预计在短期内，英伟达的行业龙头地位不可撼动。自 Open","content":"<html><head></head><body><blockquote><strong>英伟达超预期业绩指引引爆市场狂热情绪，分析师们纷纷上调目标价。</strong></blockquote><p></p><p style=\"text-align: justify;\">在英伟达公布财报业绩使市场情绪大受鼓舞后，分析师们纷纷上调了对该公司的目标股价，并预计在短期内，英伟达的行业龙头地位不可撼动。</p><p style=\"text-align: justify;\">自 OpenAI 去年推出 ChatGPT 以来，围绕AI的炒作已在过去数月持续升温，引发了众多全球科技企业在这一赛道内的激烈竞赛。各个企业们争相订购芯片，以实现其在生成式AI方面的雄心，这对英伟达来说是巨大的竞争优势。</p><p style=\"text-align: justify;\">高盛分析师 Toshiya Hari 周四在一份报告中写道：“鉴于英伟达的竞争优势，以及客户开发和部署日益复杂的AI模型的紧迫性，我们预计，在可预见的未来，<strong>英伟达将保持其行业龙头的地位。</strong>”</p><p style=\"text-align: justify;\">这也得益于英伟达多年来对AI领域的投资。Raymond James 总经理 Srini Pajjuri 与高盛持同一观点：“GPU的供应商只有一家，而英伟达在过去10年里一直在投资这个市场。他们不仅有芯片，还有系统和软件，这是一家全套式解决方案公司。”</p><p style=\"text-align: justify;\">他表示：</p><blockquote>短期内，英伟达的地位是唯一的（only game in town）。</blockquote><p style=\"text-align: justify;\">对于英伟达给出的业绩指引，Pajjuri 认为，<strong>如果业绩超出预期5%左右，就足以让英伟达的股价保持在当前水平，但现在业绩比共识预期高出了50%。这可能意味着，英伟达的股价还有巨大的上涨空间。</strong></p><p style=\"text-align: justify;\">美东时间周三盘后，英伟达公布Q1业绩大超预期，AI芯片所在数据中心业务的营收超出华尔街的预期，并创下历史新高；更令人惊喜的是二季度指引，预计Q2营收同比增长近33%至110亿美元左右，较分析师预期高53.2%，也将是该公司有史以来最高的季度营收。</p><p style=\"text-align: justify;\">这使得市场情绪大受鼓舞，英伟达股价接连数日在美股盘中暴涨，周三盘后一度涨近30%，周四飙升超过26%，市值直逼万亿美元。</p><p style=\"text-align: justify;\">Pajjuri 认为：</p><blockquote><strong>AI领域正在进行一场战争，而英伟达是唯一的军火商。</strong>因此，我们看到了该公司营收的巨大飞跃。</blockquote><p style=\"text-align: justify;\">Baird Equity Research 高级研究分析师 Tristan Gerra 周四在一份投资者报告中表示，尽管谷歌的下一代张量处理单元等平台可能具有竞争力，但不太可能从英伟达手中夺取市场份额：<strong>“我们认为，没有哪家公司的全堆栈解决方案能与英伟达相匹配。”</strong></p><p style=\"text-align: justify;\">分析师们紧接着上调了对英伟达的目标股价。Needham、摩根士丹利、伯恩斯坦、Wedbush等机构纷纷给予了英伟达“买入”或“增持”评级，认为该股将跑赢大盘，并将其目标股价上调至了450美元左右，Rosenblatt 分析师 Hans Mosesmann 甚至将目标股价上调至了600美元。</p><p style=\"text-align: justify;\">Wedbush 分析师 Dan Ives 认为，英伟达的给出的业绩前景“令人瞠目结舌”，并表示这反映了企业和消费者领域对人工智能的历史需求；摩根士丹利则预计，英伟达的业绩将在第二季度出现“井喷式增长”。</p><p style=\"text-align: justify;\">Needham 分析师 Rajvindra Gill 表示，英伟达可能成为第一家市值达到万亿美元的芯片制造商。客户正在竞相追逐生成式AI，这将使英伟达的商业模式受益巨大；游戏等部门的增长也高于预期，这有助于提振其业绩指引并提高目标价：</p><blockquote>早在2021年底，我们就开始发布研报，认为英伟达将成为第一家市值达到万亿美元的芯片公司。虽然在中间几年该公司出现了一些高峰和低谷，但我们相信，随着时间的推移，英伟达有能力实现这一估值。</blockquote><p style=\"text-align: justify;\">但从长期来看，Pajjuri 认为，英伟达的长期竞争对手AMD最终可能会开始抢占市场份额，设计自己定制芯片的公司也可能给英伟达施以重压。</p></body></html>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AI芯片预期“震撼”！华尔街高呼“AI大战，英伟达是唯一军火商”</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAI芯片预期“震撼”！华尔街高呼“AI大战，英伟达是唯一军火商”\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-27 15:10 北京时间&nbsp;&nbsp;&nbsp;<a href=https://wallstreetcn.com/articles/3689763><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>英伟达超预期业绩指引引爆市场狂热情绪，分析师们纷纷上调目标价。在英伟达公布财报业绩使市场情绪大受鼓舞后，分析师们纷纷上调了对该公司的目标股价，并预计在短期内，英伟达的行业龙头地位不可撼动。自 OpenAI 去年推出 ChatGPT 以来，围绕AI的炒作已在过去数月持续升温，引发了众多全球科技企业在这一赛道内的激烈竞赛。各个企业们争相订购芯片，以实现其在生成式AI方面的雄心，这对英伟达来说是巨大的...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3689763\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1421cdbe42681ec55f12892c1f102e62","relate_stocks":{"BK4550":"红杉资本持仓","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","BK4579":"人工智能","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4503":"景林资产持仓","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU1548497426.USD":"安联环球人工智能AT Acc","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","BK4551":"寇图资本持仓","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1803068979.SGD":"FTIF - Franklin 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以来，围绕AI的炒作已在过去数月持续升温，引发了众多全球科技企业在这一赛道内的激烈竞赛。各个企业们争相订购芯片，以实现其在生成式AI方面的雄心，这对英伟达来说是巨大的竞争优势。高盛分析师 Toshiya Hari 周四在一份报告中写道：“鉴于英伟达的竞争优势，以及客户开发和部署日益复杂的AI模型的紧迫性，我们预计，在可预见的未来，英伟达将保持其行业龙头的地位。”这也得益于英伟达多年来对AI领域的投资。Raymond James 总经理 Srini Pajjuri 与高盛持同一观点：“GPU的供应商只有一家，而英伟达在过去10年里一直在投资这个市场。他们不仅有芯片，还有系统和软件，这是一家全套式解决方案公司。”他表示：短期内，英伟达的地位是唯一的（only game in town）。对于英伟达给出的业绩指引，Pajjuri 认为，如果业绩超出预期5%左右，就足以让英伟达的股价保持在当前水平，但现在业绩比共识预期高出了50%。这可能意味着，英伟达的股价还有巨大的上涨空间。美东时间周三盘后，英伟达公布Q1业绩大超预期，AI芯片所在数据中心业务的营收超出华尔街的预期，并创下历史新高；更令人惊喜的是二季度指引，预计Q2营收同比增长近33%至110亿美元左右，较分析师预期高53.2%，也将是该公司有史以来最高的季度营收。这使得市场情绪大受鼓舞，英伟达股价接连数日在美股盘中暴涨，周三盘后一度涨近30%，周四飙升超过26%，市值直逼万亿美元。Pajjuri 认为：AI领域正在进行一场战争，而英伟达是唯一的军火商。因此，我们看到了该公司营收的巨大飞跃。Baird Equity Research 高级研究分析师 Tristan Gerra 周四在一份投资者报告中表示，尽管谷歌的下一代张量处理单元等平台可能具有竞争力，但不太可能从英伟达手中夺取市场份额：“我们认为，没有哪家公司的全堆栈解决方案能与英伟达相匹配。”分析师们紧接着上调了对英伟达的目标股价。Needham、摩根士丹利、伯恩斯坦、Wedbush等机构纷纷给予了英伟达“买入”或“增持”评级，认为该股将跑赢大盘，并将其目标股价上调至了450美元左右，Rosenblatt 分析师 Hans Mosesmann 甚至将目标股价上调至了600美元。Wedbush 分析师 Dan Ives 认为，英伟达的给出的业绩前景“令人瞠目结舌”，并表示这反映了企业和消费者领域对人工智能的历史需求；摩根士丹利则预计，英伟达的业绩将在第二季度出现“井喷式增长”。Needham 分析师 Rajvindra Gill 表示，英伟达可能成为第一家市值达到万亿美元的芯片制造商。客户正在竞相追逐生成式AI，这将使英伟达的商业模式受益巨大；游戏等部门的增长也高于预期，这有助于提振其业绩指引并提高目标价：早在2021年底，我们就开始发布研报，认为英伟达将成为第一家市值达到万亿美元的芯片公司。虽然在中间几年该公司出现了一些高峰和低谷，但我们相信，随着时间的推移，英伟达有能力实现这一估值。但从长期来看，Pajjuri 认为，英伟达的长期竞争对手AMD最终可能会开始抢占市场份额，设计自己定制芯片的公司也可能给英伟达施以重压。","news_type":1},"isVote":1,"tweetType":1,"viewCount":353,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":656896376,"gmtCreate":1683558126996,"gmtModify":1683558128592,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/656896376","repostId":"1115197783","repostType":2,"repost":{"id":"1115197783","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1683536210,"share":"https://www.laohu8.com/m/news/1115197783?lang=&edition=full","pubTime":"2023-05-08 16:56","market":"us","language":"zh","title":"涨跌全看五只大盘股，美股释放危险信号","url":"https://stock-news.laohu8.com/highlight/detail?id=1115197783","media":"华尔街见闻","summary":"衡量价格上涨和下降的股票数量比的市场宽度已降至三年来最低水平。以史为鉴，过去四十年里，每次市场宽度大幅缩窄后，美股都会经历一次大跌。科技股的王者归来，可能掩盖了美股存在的隐患。今年迄今，微软、苹果、亚","content":"<html><head></head><body><blockquote>衡量价格上涨和下降的股票数量比的市场宽度已降至三年来最低水平。以史为鉴，过去四十年里，每次市场宽度大幅缩窄后，美股都会经历一次大跌。</blockquote><p style=\"text-align: justify;\">科技股的王者归来，可能掩盖了美股存在的隐患。</p><p style=\"text-align: justify;\">今年迄今，<a href=\"https://laohu8.com/S/MSFT\">微软</a>、<a href=\"https://laohu8.com/S/AAPL\">苹果</a>、<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>、<a href=\"https://laohu8.com/S/GOOG\">谷歌</a>母公司Alphabet、Meta科技上涨了18%-39%，是标普500指数涨幅的2-4倍。</p><p style=\"text-align: justify;\"></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/345a088ca7f5c1a213f6ff29c570ec18\" tg-width=\"560\" tg-height=\"240\"/></p><p style=\"text-align: justify;\">鉴于5大巨头的体量，如果剔除这些股票，剩下495家公司的标普500成分股表现并不理想。</p><p style=\"text-align: justify;\">与此同时，<strong>衡量价格上涨的股票和价格下降的股票数量之比的市场宽度（Market Breadth）加剧收缩，目前已降至三年来最低水平</strong>。以史为鉴，<strong>过去四十年里，每次市场宽度大幅缩窄后，美股都会经历一次大跌。</strong></p><p><strong>市场宽度加剧收缩，后果很严重</strong></p><p style=\"text-align: justify;\">一周前，<strong><a href=\"https://laohu8.com/S/GS\">高盛</a>将其市场宽度创纪录崩塌的警戒级别提高至11级。</strong></p><p style=\"text-align: justify;\">当时，该行首席股票策略师David Kostin写道：“最近市场宽度的急剧缩窄表明，撤资风险上升。”<a href=\"https://laohu8.com/S/JPM\">摩根大通</a>和<a href=\"https://laohu8.com/S/0J6Y.UK\">法国兴业银行</a>也发出了类似警告。</p><p style=\"text-align: justify;\">Kostin观察了Alphabet、苹果、微软、Meta和亚马逊近期的表现，<strong>发现这5只股票占标普500指数今年迄今回报的89%</strong>，并警告称，<strong>自2020年以来，市场宽度首次收缩至一个百分点平均标准差的以下水平。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3ff9fa3694a1ce7b371dbadabc409584\" title=\"\" tg-width=\"500\" tg-height=\"349\"/></p><p style=\"text-align: justify;\">这位策略师随后回顾了历史表现，<strong>发现自1980年以来，市场宽度每次出现大幅缩窄后，标普500指数都经历了类似幅度的大跌，随后回报率低于平均水平，峰谷回调幅度更大，6个月回报率中位数为-11%。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d1211b55643c0bfd6636eb02f429371e\" title=\"\" tg-width=\"500\" tg-height=\"305\"/></p><p style=\"text-align: justify;\">实际上，<strong>自高盛发出第一次警告以来，市场宽度变得更窄，问题更加严重。</strong></p><p style=\"text-align: justify;\">上周以来，除了亚马逊以外，所有大型科技股股价继续上涨，根据高盛分析师Scott Rubner稍早前发布的报告，最大的两个科技巨头苹果和微软市值占标普500的权重正在呈抛物线增加。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1824824a8e1e62b8eca6456f69d85c80\" title=\"\" tg-width=\"500\" tg-height=\"335\"/></p><p style=\"text-align: justify;\">因此，Kostin连续第二次在其周度Kickstart报告中发出警告。</p><p style=\"text-align: justify;\">在新的报告中，Kostin开门见山地指出，<strong>今年以来超大型科技股的整体表现比标普500指数高了23%，在该指数6%的回报中，它们占了最大份额。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/74ae6b3ce60bc9f2fbe02555b3c6f1b6\" title=\"\" tg-width=\"500\" tg-height=\"343\"/></p><p style=\"text-align: justify;\">今年以来，<strong>5大科技股的回报率在19%-94%之间，整体回报率为29%</strong>。由于回报给力，大型科技股的市值水涨船高。</p><p style=\"text-align: justify;\">Kostin写道，<strong>大型科技股在标普500指数中的权重已从去年12月的18%反弹，目前达到22%，</strong>不过仍低于2020年8月达到的25%的高点。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c4d723c455b62a38e514f5a2ba2f80bd\" title=\"\" tg-width=\"500\" tg-height=\"162\"/></p><p><strong>经济衰退风险加剧，大型科技股成为避风港？</strong></p><p style=\"text-align: justify;\">Kostin表示，从微观角度来看，<strong>大型股科技股的上涨主要是由基本面前景改善推动的。</strong></p><p style=\"text-align: justify;\">2022年期间，由于后疫情时代增长疲软，分析师将大型科技公司2023年每股收益预测平均下调了27%。然而，今年一季度它们的业绩好于市场预期，每股收益向上修正。</p><p style=\"text-align: justify;\">与此同时，尽管2021年至2022年间，大型科技公司的销售增长与指数所有成分公司之间的差距有所缩小，但分析师预计这一差距将进一步扩大。</p><p style=\"text-align: justify;\">从2013年到2019年，大型科技公司的平均年销售增长率为15%，而标准普尔500指数仅为4%，增速相差11个百分点。但从2021年到2022年，随着该指数所有成分公司销售增长加速，这一差距缩窄至2个百分点。</p><p style=\"text-align: justify;\">展望未来，<strong>高盛认为，尽管2023年至2025年巨型科技股的年度销售增长预计将放缓，但与指数的差距预计将扩大至5个百分点。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9089258b576ebc7b2b64b0ab1a8be3d8\" title=\"\" tg-width=\"500\" tg-height=\"342\"/></p><p style=\"text-align: justify;\">Kostin还认为，大型科技股的长期前景可能受益于AI技术的进步。</p><p style=\"text-align: justify;\">高盛估计，<strong>AI可能会在未来10年内推动全球经济增长约7万亿美元</strong>，并估计生成式人工智能（AIGC）软件的市场总规模将达到1500亿美元。所有科技股中，微软、谷歌、亚马逊和Meta最可能从中受益。</p><p style=\"text-align: justify;\"><strong>更高的利润率可能是大型科技股表现出色的另一个原因。</strong></p><p style=\"text-align: justify;\">据高盛计算，大型科技股过去五年的总净利润率平均为20.2%，相比之下，标普500指数所有成分公司的利润率为10.9%，两者相差9.3个百分点。2022年，大型科技股的利润率比标普500所有成分公司高7.8个百分点，但高盛认为，大型科技股的利润率已去年第四季度触底，两者差距预计在今年第四季度扩大到8.1个百分点。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c54bc9c6497ecebe3c8ae5015723736\" title=\"\" tg-width=\"500\" tg-height=\"344\"/></p><p style=\"text-align: justify;\">值得注意的是，高利润率意味着更强劲的现金流，有助于公司进一步投资实现长期增长，同时也向股东返还现金。据统计，2022年，资本支出和研发占大型科技股现金支出的57%，回购占比则从2012 年的14%增长到36%，研发和回购支出规模分别占标普500所有成分公司的26%和24%。</p><p style=\"text-align: justify;\">除以上因素以外，<strong>最近的宏观环境也对科技巨头股价形成支撑。</strong>虽然美联储的持续加息仍对科技股形成挤压，但鉴于<a href=\"https://laohu8.com/S/BAC\">美国银行</a>业危机升级，经济增长显著放缓，美债收益率下降，越来越多投资者转向大型科技股和其他优质股。</p><p style=\"text-align: justify;\">按照Kostin的说法，<strong>在经济衰退恐慌重燃的情况下，投资者将大型科技股的股票视为经济防御性股票。</strong></p><p><strong>这次，美股会发生什么？</strong></p><p style=\"text-align: justify;\">关键问题是，市场宽度骤降会给整个美股带来何种程度的冲击？火山什么时候会爆发？</p><p style=\"text-align: justify;\"><strong>Kostin上周警告称，市场宽度的崩溃将以悲剧收场，但这一次他接着解释称，这可能需要很长时间才能发生。</strong></p><blockquote> 如果当前经济经济低于趋势和（美债）收益率下降的环境持续下去，超级市值科技公司可能会保持其估值溢价，并继续跑赢大盘。</blockquote><p style=\"text-align: justify;\">超级市值科技公司目前的市盈率为25倍，比标普500指数的其他成分股溢价49%，位列历史的第51个百分位。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4be8a8e7b418e12e4a25ef5bd65b03b4\" title=\"\" tg-width=\"500\" tg-height=\"349\"/></p><p style=\"text-align: justify;\">Kostin预计，在他的基线预测“软着陆”情景中，衰退风险最终将会消退，利率将会继续上升，在这种环境下，大型科技股的表现可能会逊于规模较小、更具周期性的股票。</p><p style=\"text-align: justify;\">但市场显然不同意这种看法，期货市场目前的定价显示<strong>，截至年底，联邦基金利率总共将下调100个基点，而高盛则预测美联储年底前不会降息。</strong></p><p style=\"text-align: justify;\">无论如何，可以肯定的是，如果利率上升，科技巨头股票可能会比其他公司遭受更大的冲击。</p><p style=\"text-align: justify;\">如果美国经济步入衰退和收益率下跌，巨型科技股将继续被视为防御股，届时五大科技股将推动大盘升至新的高度。还有一种可能性，即经济增长低于预期，甚至是步入衰退，投资者可能会全面缩减股票风险敞口，这可能会对大型科技股构成压力。</p><p style=\"text-align: justify;\"><strong>大型科技股是最受对冲基金欢迎的多头仓位之一，但在风险规避事件期间，这些股票也首当其冲，基金通常会首先抛售更受欢迎、流动性更强的股票。</strong>在高盛对冲基金的VIP投资组合中，5只大型科技股全部位列多头仓位前10。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>涨跌全看五只大盘股，美股释放危险信号</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; 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0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n涨跌全看五只大盘股，美股释放危险信号\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time\">2023-05-08 16:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><blockquote>衡量价格上涨和下降的股票数量比的市场宽度已降至三年来最低水平。以史为鉴，过去四十年里，每次市场宽度大幅缩窄后，美股都会经历一次大跌。</blockquote><p style=\"text-align: justify;\">科技股的王者归来，可能掩盖了美股存在的隐患。</p><p style=\"text-align: justify;\">今年迄今，<a href=\"https://laohu8.com/S/MSFT\">微软</a>、<a href=\"https://laohu8.com/S/AAPL\">苹果</a>、<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>、<a href=\"https://laohu8.com/S/GOOG\">谷歌</a>母公司Alphabet、Meta科技上涨了18%-39%，是标普500指数涨幅的2-4倍。</p><p style=\"text-align: justify;\"></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/345a088ca7f5c1a213f6ff29c570ec18\" tg-width=\"560\" tg-height=\"240\"/></p><p style=\"text-align: justify;\">鉴于5大巨头的体量，如果剔除这些股票，剩下495家公司的标普500成分股表现并不理想。</p><p style=\"text-align: justify;\">与此同时，<strong>衡量价格上涨的股票和价格下降的股票数量之比的市场宽度（Market Breadth）加剧收缩，目前已降至三年来最低水平</strong>。以史为鉴，<strong>过去四十年里，每次市场宽度大幅缩窄后，美股都会经历一次大跌。</strong></p><p><strong>市场宽度加剧收缩，后果很严重</strong></p><p style=\"text-align: justify;\">一周前，<strong><a href=\"https://laohu8.com/S/GS\">高盛</a>将其市场宽度创纪录崩塌的警戒级别提高至11级。</strong></p><p style=\"text-align: justify;\">当时，该行首席股票策略师David Kostin写道：“最近市场宽度的急剧缩窄表明，撤资风险上升。”<a href=\"https://laohu8.com/S/JPM\">摩根大通</a>和<a href=\"https://laohu8.com/S/0J6Y.UK\">法国兴业银行</a>也发出了类似警告。</p><p style=\"text-align: justify;\">Kostin观察了Alphabet、苹果、微软、Meta和亚马逊近期的表现，<strong>发现这5只股票占标普500指数今年迄今回报的89%</strong>，并警告称，<strong>自2020年以来，市场宽度首次收缩至一个百分点平均标准差的以下水平。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3ff9fa3694a1ce7b371dbadabc409584\" title=\"\" tg-width=\"500\" tg-height=\"349\"/></p><p style=\"text-align: justify;\">这位策略师随后回顾了历史表现，<strong>发现自1980年以来，市场宽度每次出现大幅缩窄后，标普500指数都经历了类似幅度的大跌，随后回报率低于平均水平，峰谷回调幅度更大，6个月回报率中位数为-11%。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d1211b55643c0bfd6636eb02f429371e\" title=\"\" tg-width=\"500\" tg-height=\"305\"/></p><p style=\"text-align: justify;\">实际上，<strong>自高盛发出第一次警告以来，市场宽度变得更窄，问题更加严重。</strong></p><p style=\"text-align: justify;\">上周以来，除了亚马逊以外，所有大型科技股股价继续上涨，根据高盛分析师Scott Rubner稍早前发布的报告，最大的两个科技巨头苹果和微软市值占标普500的权重正在呈抛物线增加。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1824824a8e1e62b8eca6456f69d85c80\" title=\"\" tg-width=\"500\" tg-height=\"335\"/></p><p style=\"text-align: justify;\">因此，Kostin连续第二次在其周度Kickstart报告中发出警告。</p><p style=\"text-align: justify;\">在新的报告中，Kostin开门见山地指出，<strong>今年以来超大型科技股的整体表现比标普500指数高了23%，在该指数6%的回报中，它们占了最大份额。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/74ae6b3ce60bc9f2fbe02555b3c6f1b6\" title=\"\" tg-width=\"500\" tg-height=\"343\"/></p><p style=\"text-align: justify;\">今年以来，<strong>5大科技股的回报率在19%-94%之间，整体回报率为29%</strong>。由于回报给力，大型科技股的市值水涨船高。</p><p style=\"text-align: justify;\">Kostin写道，<strong>大型科技股在标普500指数中的权重已从去年12月的18%反弹，目前达到22%，</strong>不过仍低于2020年8月达到的25%的高点。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c4d723c455b62a38e514f5a2ba2f80bd\" title=\"\" tg-width=\"500\" tg-height=\"162\"/></p><p><strong>经济衰退风险加剧，大型科技股成为避风港？</strong></p><p style=\"text-align: justify;\">Kostin表示，从微观角度来看，<strong>大型股科技股的上涨主要是由基本面前景改善推动的。</strong></p><p style=\"text-align: justify;\">2022年期间，由于后疫情时代增长疲软，分析师将大型科技公司2023年每股收益预测平均下调了27%。然而，今年一季度它们的业绩好于市场预期，每股收益向上修正。</p><p style=\"text-align: justify;\">与此同时，尽管2021年至2022年间，大型科技公司的销售增长与指数所有成分公司之间的差距有所缩小，但分析师预计这一差距将进一步扩大。</p><p style=\"text-align: justify;\">从2013年到2019年，大型科技公司的平均年销售增长率为15%，而标准普尔500指数仅为4%，增速相差11个百分点。但从2021年到2022年，随着该指数所有成分公司销售增长加速，这一差距缩窄至2个百分点。</p><p style=\"text-align: justify;\">展望未来，<strong>高盛认为，尽管2023年至2025年巨型科技股的年度销售增长预计将放缓，但与指数的差距预计将扩大至5个百分点。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9089258b576ebc7b2b64b0ab1a8be3d8\" title=\"\" tg-width=\"500\" tg-height=\"342\"/></p><p style=\"text-align: justify;\">Kostin还认为，大型科技股的长期前景可能受益于AI技术的进步。</p><p style=\"text-align: justify;\">高盛估计，<strong>AI可能会在未来10年内推动全球经济增长约7万亿美元</strong>，并估计生成式人工智能（AIGC）软件的市场总规模将达到1500亿美元。所有科技股中，微软、谷歌、亚马逊和Meta最可能从中受益。</p><p style=\"text-align: justify;\"><strong>更高的利润率可能是大型科技股表现出色的另一个原因。</strong></p><p style=\"text-align: justify;\">据高盛计算，大型科技股过去五年的总净利润率平均为20.2%，相比之下，标普500指数所有成分公司的利润率为10.9%，两者相差9.3个百分点。2022年，大型科技股的利润率比标普500所有成分公司高7.8个百分点，但高盛认为，大型科技股的利润率已去年第四季度触底，两者差距预计在今年第四季度扩大到8.1个百分点。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c54bc9c6497ecebe3c8ae5015723736\" title=\"\" tg-width=\"500\" tg-height=\"344\"/></p><p style=\"text-align: justify;\">值得注意的是，高利润率意味着更强劲的现金流，有助于公司进一步投资实现长期增长，同时也向股东返还现金。据统计，2022年，资本支出和研发占大型科技股现金支出的57%，回购占比则从2012 年的14%增长到36%，研发和回购支出规模分别占标普500所有成分公司的26%和24%。</p><p style=\"text-align: justify;\">除以上因素以外，<strong>最近的宏观环境也对科技巨头股价形成支撑。</strong>虽然美联储的持续加息仍对科技股形成挤压，但鉴于<a href=\"https://laohu8.com/S/BAC\">美国银行</a>业危机升级，经济增长显著放缓，美债收益率下降，越来越多投资者转向大型科技股和其他优质股。</p><p style=\"text-align: justify;\">按照Kostin的说法，<strong>在经济衰退恐慌重燃的情况下，投资者将大型科技股的股票视为经济防御性股票。</strong></p><p><strong>这次，美股会发生什么？</strong></p><p style=\"text-align: justify;\">关键问题是，市场宽度骤降会给整个美股带来何种程度的冲击？火山什么时候会爆发？</p><p style=\"text-align: justify;\"><strong>Kostin上周警告称，市场宽度的崩溃将以悲剧收场，但这一次他接着解释称，这可能需要很长时间才能发生。</strong></p><blockquote> 如果当前经济经济低于趋势和（美债）收益率下降的环境持续下去，超级市值科技公司可能会保持其估值溢价，并继续跑赢大盘。</blockquote><p style=\"text-align: justify;\">超级市值科技公司目前的市盈率为25倍，比标普500指数的其他成分股溢价49%，位列历史的第51个百分位。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4be8a8e7b418e12e4a25ef5bd65b03b4\" title=\"\" tg-width=\"500\" tg-height=\"349\"/></p><p style=\"text-align: justify;\">Kostin预计，在他的基线预测“软着陆”情景中，衰退风险最终将会消退，利率将会继续上升，在这种环境下，大型科技股的表现可能会逊于规模较小、更具周期性的股票。</p><p style=\"text-align: justify;\">但市场显然不同意这种看法，期货市场目前的定价显示<strong>，截至年底，联邦基金利率总共将下调100个基点，而高盛则预测美联储年底前不会降息。</strong></p><p style=\"text-align: justify;\">无论如何，可以肯定的是，如果利率上升，科技巨头股票可能会比其他公司遭受更大的冲击。</p><p style=\"text-align: justify;\">如果美国经济步入衰退和收益率下跌，巨型科技股将继续被视为防御股，届时五大科技股将推动大盘升至新的高度。还有一种可能性，即经济增长低于预期，甚至是步入衰退，投资者可能会全面缩减股票风险敞口，这可能会对大型科技股构成压力。</p><p style=\"text-align: justify;\"><strong>大型科技股是最受对冲基金欢迎的多头仓位之一，但在风险规避事件期间，这些股票也首当其冲，基金通常会首先抛售更受欢迎、流动性更强的股票。</strong>在高盛对冲基金的VIP投资组合中，5只大型科技股全部位列多头仓位前10。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4f6ec6e99c0c8b9feb7f296b78c65a54","relate_stocks":{"GOOGL":"谷歌A","MSFT":"微软","AAPL":"苹果",".DJI":"道琼斯","META":"Meta Platforms",".IXIC":"NASDAQ Composite","AMZN":"亚马逊",".SPX":"S&P 500 Index"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115197783","content_text":"衡量价格上涨和下降的股票数量比的市场宽度已降至三年来最低水平。以史为鉴，过去四十年里，每次市场宽度大幅缩窄后，美股都会经历一次大跌。科技股的王者归来，可能掩盖了美股存在的隐患。今年迄今，微软、苹果、亚马逊、谷歌母公司Alphabet、Meta科技上涨了18%-39%，是标普500指数涨幅的2-4倍。鉴于5大巨头的体量，如果剔除这些股票，剩下495家公司的标普500成分股表现并不理想。与此同时，衡量价格上涨的股票和价格下降的股票数量之比的市场宽度（Market Breadth）加剧收缩，目前已降至三年来最低水平。以史为鉴，过去四十年里，每次市场宽度大幅缩窄后，美股都会经历一次大跌。市场宽度加剧收缩，后果很严重一周前，高盛将其市场宽度创纪录崩塌的警戒级别提高至11级。当时，该行首席股票策略师David Kostin写道：“最近市场宽度的急剧缩窄表明，撤资风险上升。”摩根大通和法国兴业银行也发出了类似警告。Kostin观察了Alphabet、苹果、微软、Meta和亚马逊近期的表现，发现这5只股票占标普500指数今年迄今回报的89%，并警告称，自2020年以来，市场宽度首次收缩至一个百分点平均标准差的以下水平。这位策略师随后回顾了历史表现，发现自1980年以来，市场宽度每次出现大幅缩窄后，标普500指数都经历了类似幅度的大跌，随后回报率低于平均水平，峰谷回调幅度更大，6个月回报率中位数为-11%。实际上，自高盛发出第一次警告以来，市场宽度变得更窄，问题更加严重。上周以来，除了亚马逊以外，所有大型科技股股价继续上涨，根据高盛分析师Scott Rubner稍早前发布的报告，最大的两个科技巨头苹果和微软市值占标普500的权重正在呈抛物线增加。因此，Kostin连续第二次在其周度Kickstart报告中发出警告。在新的报告中，Kostin开门见山地指出，今年以来超大型科技股的整体表现比标普500指数高了23%，在该指数6%的回报中，它们占了最大份额。今年以来，5大科技股的回报率在19%-94%之间，整体回报率为29%。由于回报给力，大型科技股的市值水涨船高。Kostin写道，大型科技股在标普500指数中的权重已从去年12月的18%反弹，目前达到22%，不过仍低于2020年8月达到的25%的高点。经济衰退风险加剧，大型科技股成为避风港？Kostin表示，从微观角度来看，大型股科技股的上涨主要是由基本面前景改善推动的。2022年期间，由于后疫情时代增长疲软，分析师将大型科技公司2023年每股收益预测平均下调了27%。然而，今年一季度它们的业绩好于市场预期，每股收益向上修正。与此同时，尽管2021年至2022年间，大型科技公司的销售增长与指数所有成分公司之间的差距有所缩小，但分析师预计这一差距将进一步扩大。从2013年到2019年，大型科技公司的平均年销售增长率为15%，而标准普尔500指数仅为4%，增速相差11个百分点。但从2021年到2022年，随着该指数所有成分公司销售增长加速，这一差距缩窄至2个百分点。展望未来，高盛认为，尽管2023年至2025年巨型科技股的年度销售增长预计将放缓，但与指数的差距预计将扩大至5个百分点。Kostin还认为，大型科技股的长期前景可能受益于AI技术的进步。高盛估计，AI可能会在未来10年内推动全球经济增长约7万亿美元，并估计生成式人工智能（AIGC）软件的市场总规模将达到1500亿美元。所有科技股中，微软、谷歌、亚马逊和Meta最可能从中受益。更高的利润率可能是大型科技股表现出色的另一个原因。据高盛计算，大型科技股过去五年的总净利润率平均为20.2%，相比之下，标普500指数所有成分公司的利润率为10.9%，两者相差9.3个百分点。2022年，大型科技股的利润率比标普500所有成分公司高7.8个百分点，但高盛认为，大型科技股的利润率已去年第四季度触底，两者差距预计在今年第四季度扩大到8.1个百分点。值得注意的是，高利润率意味着更强劲的现金流，有助于公司进一步投资实现长期增长，同时也向股东返还现金。据统计，2022年，资本支出和研发占大型科技股现金支出的57%，回购占比则从2012 年的14%增长到36%，研发和回购支出规模分别占标普500所有成分公司的26%和24%。除以上因素以外，最近的宏观环境也对科技巨头股价形成支撑。虽然美联储的持续加息仍对科技股形成挤压，但鉴于美国银行业危机升级，经济增长显著放缓，美债收益率下降，越来越多投资者转向大型科技股和其他优质股。按照Kostin的说法，在经济衰退恐慌重燃的情况下，投资者将大型科技股的股票视为经济防御性股票。这次，美股会发生什么？关键问题是，市场宽度骤降会给整个美股带来何种程度的冲击？火山什么时候会爆发？Kostin上周警告称，市场宽度的崩溃将以悲剧收场，但这一次他接着解释称，这可能需要很长时间才能发生。 如果当前经济经济低于趋势和（美债）收益率下降的环境持续下去，超级市值科技公司可能会保持其估值溢价，并继续跑赢大盘。超级市值科技公司目前的市盈率为25倍，比标普500指数的其他成分股溢价49%，位列历史的第51个百分位。Kostin预计，在他的基线预测“软着陆”情景中，衰退风险最终将会消退，利率将会继续上升，在这种环境下，大型科技股的表现可能会逊于规模较小、更具周期性的股票。但市场显然不同意这种看法，期货市场目前的定价显示，截至年底，联邦基金利率总共将下调100个基点，而高盛则预测美联储年底前不会降息。无论如何，可以肯定的是，如果利率上升，科技巨头股票可能会比其他公司遭受更大的冲击。如果美国经济步入衰退和收益率下跌，巨型科技股将继续被视为防御股，届时五大科技股将推动大盘升至新的高度。还有一种可能性，即经济增长低于预期，甚至是步入衰退，投资者可能会全面缩减股票风险敞口，这可能会对大型科技股构成压力。大型科技股是最受对冲基金欢迎的多头仓位之一，但在风险规避事件期间，这些股票也首当其冲，基金通常会首先抛售更受欢迎、流动性更强的股票。在高盛对冲基金的VIP投资组合中，5只大型科技股全部位列多头仓位前10。","news_type":1},"isVote":1,"tweetType":1,"viewCount":457,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":658371558,"gmtCreate":1682431636174,"gmtModify":1682431637764,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/658371558","repostId":"1154400387","repostType":2,"repost":{"id":"1154400387","pubTimestamp":1682419663,"share":"https://www.laohu8.com/m/news/1154400387?lang=&edition=full","pubTime":"2023-04-25 18:47","market":"us","language":"zh","title":"十年内有望突破？千倍回报？盖茨、贝索斯们正在下注","url":"https://stock-news.laohu8.com/highlight/detail?id=1154400387","media":"华尔街见闻","summary":"AI之后，更热门的赛道诞生！","content":"<html><head></head><body><blockquote><strong>AI之后，更热门的赛道诞生！</strong></blockquote><p style=\"text-align: justify;\">回到两周前，由我国自主研制的新一代可控核聚变研究装置EAST实现等离子体稳定运行403秒，创造了托卡马克装置稳态高约束模式运行新的世界纪录。403秒，也意味着我们距离核聚变商业化又近了一步。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/23f286c946b6f9135ff5d5e70ff77633\" tg-width=\"640\" tg-height=\"446\"/></p><p style=\"text-align: justify;\">研究认为可能还需要几十年才能实现这一目标，<strong>但在投资领域，大佬们可能更加乐观。</strong></p><p style=\"text-align: justify;\">而事实上，大佬们正押注核聚变商业化将在未来几年内成为现实，<strong>核聚变领域正上演一场投资盛宴</strong>：</p><blockquote>OpenAI首席执行官Sam Altman向一家名为Helion Energy的核聚变初创公司投入了3.75亿美元，硅谷“创投教父”Peter Thiel也投资了这家公司，微软创始人比尔·盖茨和Salesforce联合创始人Marc Benioff投资了从麻省理工学院独立出来的核聚变初创公司Commonwealth Fusion Systems，亚马逊创始人杰夫·贝索斯则投资了加拿大核聚变公司General Fusion。</blockquote><p style=\"text-align: justify;\">此外，核聚变工业协会(Fusion Industry Association)发现，<strong>核聚变企业获得了超过50亿美元的私人融资，其中7家公司至少筹集了2亿美元。</strong></p><p style=\"text-align: justify;\">硅谷数据研究机构Pitch Book的数据显示，<strong>自2021年以来，核聚变领域75%的融合资金筹集活动已经开启。</strong></p><h2>核聚变是什么？十年内实现商业化？</h2><p style=\"text-align: justify;\">简单来说，两个较轻的原子核聚合成一个较重的原子核，并释放巨大的能量，这一过程就叫做核聚变，又称核融合。太阳就是靠核聚变反应给太阳系带来光和热。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2286a4c5f37b55d4b6071cef2c5e015f\" tg-width=\"640\" tg-height=\"403\"/></p><p style=\"text-align: justify;\">由于核聚变反应产生的放射性废物要远少于核裂变反应，也没有熔毁风险，长期以来，核聚变能源被外界视为一种清洁能源，能够替代石油、天然气、煤炭等化石燃料。</p><p style=\"text-align: justify;\">不仅如此，<strong>核聚变能源还是一种”取之不尽用之不竭”的能源。</strong>核聚变产生的能量是核裂变反应的四倍。理论上只要有几克反应物，就有可能产生一太（万亿）焦耳的能量，大约是发达国家的一个人在60年内所需要的能量。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3f9f13d431827a8385b1a0677230b331\" tg-width=\"640\" tg-height=\"399\"/></p><p style=\"text-align: justify;\">但由于技术难度空前，商业核聚变发电何时实现这一问题的答案依然模糊不清，10年、20年还是50年？</p><p style=\"text-align: justify;\">以至于业内长期流传着这样一个笑话：<strong>核聚变是一项距离成功“永远还有50年”的技术。</strong></p><p style=\"text-align: justify;\">直到去年年底，核聚变迎来了一项历时性转折。</p><p style=\"text-align: justify;\">美国加州劳伦斯利弗莫尔国家实验室（LLNL）的科学家们从一个实验性核聚变反应堆中实现了净能量增益，即产生的能源大于消耗的能源。</p><p style=\"text-align: justify;\">当时，美国能源部长Jennifer M. Granholm兴奋地表示，如果核融合能源推进顺利的话，就能用它为交通、工业提供燃料。</p><p style=\"text-align: justify;\">格兰霍姆还说，<strong>美国计划在10年内实现核聚变能源商业化。</strong></p><p style=\"text-align: justify;\">不过，LLNL实验室主任Kim Budil则表示，<strong>该技术可能需要“数十年”才能实现商业化。</strong></p><h2>乐观的投资人：赚一千倍？</h2><p style=\"text-align: justify;\">投资机构Lowercarbon Capital公司创始合伙人Clay Dumas表示，<strong>核聚变正处于一个转折点</strong>，因为无论设计如何，它都在取得里程碑式的技术成就。</p><blockquote>计算能力的增长和材料科学的突破加速了他们的进步，比任何人预期的都要快。</blockquote><p style=\"text-align: justify;\">Lowercarbon Capital由Twitter和Uber早期风险投资人Chris Sacca创立，去年推出了一只核聚变基金，投资者包括捐赠基金、企业和家族理财室。</p><p style=\"text-align: justify;\">在该机构的投资名单中，有一家名叫Avalanche Energy的<strong>微型核聚变装置</strong>开发公司，目前已完成了4000万美元的首轮融资。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b3499f4517553093260ebc0d9e46ef28\" tg-width=\"554\" tg-height=\"488\"/></p><p style=\"text-align: justify;\">Avalanche Energy首席执行官Robin Langtry说：</p><blockquote>我们想建造世界上最小的核聚变反应堆。我们谈论的项目可能是数千万美元，而不是数十亿美元，你实际上可以用一个小团队做到这一点。</blockquote><p style=\"text-align: justify;\">目前，Avalanche Energy已经拿到了美国国防部的订单。</p><p style=\"text-align: justify;\">美国国防部等离子体物理学家、空军少校Ryan Weed说，希望在未来五年内的某个时候，能够利用一个烤箱或微波炉大小的设备提供电力。</p><p style=\"text-align: justify;\">在投资人看来，核聚变一旦实现商业化，其带来的利润将是天量的。</p><p style=\"text-align: justify;\">软件公司太阳微系统公司创始人Vinod Khosla，OpenAI的投资人，核聚变私人企业的早期投资者，他说：</p><blockquote><strong>在财务上，要么损失一倍的钱，要么赚一千倍的钱。这就是核聚变的数学。</strong></blockquote><p style=\"text-align: justify;\">Khosl希望能建造一个大型高温超导磁体核聚变反应堆，目前正在投资从威斯康星大学麦迪逊分校独立出来的核聚变公司Realta Fusion。</p><h2>谁能成为下一家OpenAI?</h2><p style=\"text-align: justify;\">对于这一问题，非营利研究机构Energy Futures Initiative首席执行官、前美国能源部长、物理学家Ernest Moniz表示:</p><blockquote>合理的情况是，在这十年里，至少有一两家公司开发出（可商用）核聚变装置。</blockquote><p style=\"text-align: justify;\">Moniz说，大规模机器学习加速了实验进程，并帮助几家公司达到或接近聚变反应所需的极端温度和压力。</p><p style=\"text-align: justify;\">那么，哪一家公司能够脱颖而出成为核聚变领域的OpenAI呢？对此，华尔街见闻整理了当前最炙手可热的核聚变初创公司。</p><p style=\"text-align: justify;\"><strong>Helion Energy</strong></p><p style=\"text-align: justify;\">创立于2013年，总部在华盛顿州，Helion Energy计划在2024年早出核聚变发电机。</p><p style=\"text-align: justify;\">Helion Energy采用的是一种叫磁惯性的技术引发聚变反应，首席商务官Scott Krisiloff曾说，这种方法相较于大型托卡马克或蒸汽循环能更有效地利用能量。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/020be88b8ce5542c3bc4e7cfc1e60630\" tg-width=\"554\" tg-height=\"287\"/></p><p style=\"text-align: justify;\"> </p><p style=\"text-align: justify;\">截至目前，Helion Energy已经筹集了5.77亿美元，除了Altman之外，Peter Thiel、eBay前总裁Jeff Skoll、Facebook联合创始人Dustin Moskovitz都是它的投资人。</p><p style=\"text-align: justify;\"><strong>Zap Energy</strong></p><p style=\"text-align: justify;\">Zap Energy成立于2017年，总部位于西雅图，是华盛顿大学和LLNL的衍生公司，致力于通过模块化、车库大小的反应堆使其商业化。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e5616fb8a554fbc0554f51af98e785ed\" tg-width=\"554\" tg-height=\"528\"/></p><p style=\"text-align: justify;\">Zap Energy采用一种叫剪切流的技术实现聚变反应，据称，这种方法将能够使公司生产50兆瓦的小型反应堆，足以为大约4万户美国家庭供电。</p><p style=\"text-align: justify;\">截至目前，Zap Energy已经筹集了2.03亿美元资金，投资人包括盖茨和石油巨头壳牌。</p><p style=\"text-align: justify;\"><strong>Tokamak Energy</strong></p><p style=\"text-align: justify;\">成立于2009年，总部位于英国牛津郡，Tokamak Energy正在研究世界上第一个大规模使用HTS磁体的球形托卡马克，并计划在2030年代初期建立一个聚变试验工厂。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/36e97887a70447b8b7b76c3c3ae861cd\" tg-width=\"554\" tg-height=\"706\"/></p><p style=\"text-align: justify;\">为实现这一目标，Tokamak Energy计划在2026年完成建造ST80-HTS原型聚变装置。 </p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/816d598d420e2d702988b531f4d4dc0c\" tg-width=\"554\" tg-height=\"575\"/></p><p style=\"text-align: justify;\">今年2月份，Tokamak Energy完成建造了世界第一套新一代HTS磁体，可在聚变电厂相关场景中进行组装和测试。</p><p style=\"text-align: justify;\">Tokamak Energy目前已经筹集2.5亿美元，它还接受了美国、英国政府的多项资助。</p><p style=\"text-align: justify;\"><strong>Marvel Fusion</strong></p><p style=\"text-align: justify;\">成立仅4年时间，总部位于德国慕尼黑，Marvel Fusion正在开发激光驱动的聚变技术（该技术可追溯到1960年代），包括使用激光束来创造“人造太阳”。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6e4b765aaf2d4dcdc7bc62d32875950d\" tg-width=\"553\" tg-height=\"312\"/></p><p style=\"text-align: justify;\">公司称，其聚变技术比美国国家点火设施（NIF）的激光器要领先20年，目标在未来5-10年内将其技术商业化。</p><p style=\"text-align: justify;\">Marvel Fusion计划在年底前完成建造其第一座聚变反应堆原型。</p><p style=\"text-align: justify;\">迄今为止，Marvel Fusion已累计融资超6000万欧元，而该公司希望再筹集3.5亿欧元。</p><p style=\"text-align: justify;\"><strong>General Fusion</strong></p><p style=\"text-align: justify;\">General Fusion成立于2002年，总部位于加拿大温哥华。</p><p style=\"text-align: justify;\">公司正在研究通过美国海军研究实验室于1970年代提出的磁化目标聚变 (MTF) 方法产生能量，并计划在2030年代初期建造一座聚变能源发电厂。</p><p style=\"text-align: justify;\">今年1月，General Fusion位于英国牛津郡附近的聚变示范工厂 (FDP) 获得规划许可，预计年内动工，不过该工厂不会用于发电。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3a5609763e5d76cc3abcbdd2f69f1d22\" tg-width=\"555\" tg-height=\"406\"/></p><p style=\"text-align: justify;\"> </p><p style=\"text-align: justify;\">截至目前，General Fusion已经获得了3亿美元的投资，投资人包括Shopify创始人Tobias Lütke、贝索斯。</p><p style=\"text-align: justify;\"><strong>TAE Technologies</strong></p><p style=\"text-align: justify;\">TAE Technologies，原名Tri Alpha Energy，成立于1998年，总部位于美国加利福尼亚州，主要专注于核聚变发电、电能储存与管理技术、粒子加速器技术等方面实现核聚变商用。</p><p style=\"text-align: justify;\"><strong>TAE是目前全球最大的核聚变私营公司，目前有两代平台仍在持续研发中，</strong>分别是Copernicus平台和国家实验室规格的Norman平台。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/17917dceac0b526fc15d518ab28728e1\" tg-width=\"553\" tg-height=\"295\"/></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5135aaae468d34fdb03b4804d35ffc04\" tg-width=\"553\" tg-height=\"310\"/></p><p style=\"text-align: justify;\">公司旗下Da Vinci装置计划将在2030年代初开始向电网供电。</p><p style=\"text-align: justify;\">TAE正在研究让氢与硼发生核聚变反应来发电，为此，公司开发了场反转配置技术实现对核聚变等离子体的高温稳定控制。</p><p style=\"text-align: justify;\">今年2月，TAE 宣布和日本国家聚变科学研究所完成了磁约束等离子体中氢硼燃料循环的首次测试，这一新燃料循环比传统的氘氚基工艺生产的更清洁、更廉价。</p><p style=\"text-align: justify;\">截至目前，TAE获得了12亿美元的投资，主要投资方包括谷歌、雪佛龙和日本住友商事。</p><p style=\"text-align: justify;\"><strong>Commonwealth Fusion Systems</strong></p><p style=\"text-align: justify;\">Commonwealth Fusion Systems（CFS）是麻省理工学院独立出来的核聚变初创企业，成立于2018年，总部位于美国马萨诸塞州。</p><p style=\"text-align: justify;\">CFS正在开发一个ARC核聚变反应堆（一种托卡马克反应堆）设计的聚变发电装置，该发电装置使用高温超导磁铁来限制等离子体。</p><p style=\"text-align: justify;\">CFS计划到2025年建造一个名为SPARC的原型反应堆，并在30年代建造一座商业聚变发电厂ARC。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4525bf8aca754f6ce4dd932b6ec8c7da\" tg-width=\"553\" tg-height=\"311\"/></p><p style=\"text-align: justify;\">截至目前，CFS已经获得22亿美元的投资，背后投资方包括盖茨、索罗斯、Marc Benioff、谷歌母公司Alphabet、意大利能源公司Eni等多位大佬和巨头。</p><p style=\"text-align: justify;\"><strong>核聚变投资，国外热闹非凡，国内也并不安静。</strong></p><p style=\"text-align: justify;\">去年2月，<strong>能量奇点宣布获得近4亿元投资，</strong>米哈游和蔚来共同领投，红杉种子基金也有投资。</p><p style=\"text-align: justify;\">彼时，距离能量奇点成立才仅仅半年。</p><p style=\"text-align: justify;\">资料显示，能量奇点成立于2021年6月，“聚焦于研制有商业发电潜力的高磁场、高参数、标准化的高温超导托卡马克装置及其运行控制软件系统，为未来商业聚变发电堆提供高性价比、高可靠性的核心组件和服务”。</p><p style=\"text-align: justify;\">2022年3月，能量奇点宣布与我国老牌研究机构核工业西南物理研究院签署了协议，双方计划共同研发全球首台基于全高温超导磁体的托卡马克，以实现长时稳态运行的科学和工程目标。</p><p style=\"text-align: justify;\">同年6月，<strong>星环聚能宣布完成天使轮融资</strong>，投资机构包括中科创星、顺为资本、红杉种子基金等知名投资机构。</p><p style=\"text-align: justify;\">星环聚能成立于2021年，目标是建成商业可控聚变堆，开发小型化、商业化、快速迭代的可控聚变能装置。</p></body></html>","source":"wallstreetcn","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>十年内有望突破？千倍回报？盖茨、贝索斯们正在下注</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n十年内有望突破？千倍回报？盖茨、贝索斯们正在下注\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-25 18:47 北京时间&nbsp;&nbsp;&nbsp;<a href=https://wallstreetcn.com/articles/3687400><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AI之后，更热门的赛道诞生！回到两周前，由我国自主研制的新一代可控核聚变研究装置EAST实现等离子体稳定运行403秒，创造了托卡马克装置稳态高约束模式运行新的世界纪录。403秒，也意味着我们距离核聚变商业化又近了一步。研究认为可能还需要几十年才能实现这一目标，但在投资领域，大佬们可能更加乐观。而事实上，大佬们正押注核聚变商业化将在未来几年内成为现实，核聚变领域正上演一场投资盛宴：OpenAI首席...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3687400\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/2286a4c5f37b55d4b6071cef2c5e015f","relate_stocks":{},"source_url":"https://wallstreetcn.com/articles/3687400","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154400387","content_text":"AI之后，更热门的赛道诞生！回到两周前，由我国自主研制的新一代可控核聚变研究装置EAST实现等离子体稳定运行403秒，创造了托卡马克装置稳态高约束模式运行新的世界纪录。403秒，也意味着我们距离核聚变商业化又近了一步。研究认为可能还需要几十年才能实现这一目标，但在投资领域，大佬们可能更加乐观。而事实上，大佬们正押注核聚变商业化将在未来几年内成为现实，核聚变领域正上演一场投资盛宴：OpenAI首席执行官Sam Altman向一家名为Helion Energy的核聚变初创公司投入了3.75亿美元，硅谷“创投教父”Peter Thiel也投资了这家公司，微软创始人比尔·盖茨和Salesforce联合创始人Marc Benioff投资了从麻省理工学院独立出来的核聚变初创公司Commonwealth Fusion Systems，亚马逊创始人杰夫·贝索斯则投资了加拿大核聚变公司General Fusion。此外，核聚变工业协会(Fusion Industry Association)发现，核聚变企业获得了超过50亿美元的私人融资，其中7家公司至少筹集了2亿美元。硅谷数据研究机构Pitch Book的数据显示，自2021年以来，核聚变领域75%的融合资金筹集活动已经开启。核聚变是什么？十年内实现商业化？简单来说，两个较轻的原子核聚合成一个较重的原子核，并释放巨大的能量，这一过程就叫做核聚变，又称核融合。太阳就是靠核聚变反应给太阳系带来光和热。由于核聚变反应产生的放射性废物要远少于核裂变反应，也没有熔毁风险，长期以来，核聚变能源被外界视为一种清洁能源，能够替代石油、天然气、煤炭等化石燃料。不仅如此，核聚变能源还是一种”取之不尽用之不竭”的能源。核聚变产生的能量是核裂变反应的四倍。理论上只要有几克反应物，就有可能产生一太（万亿）焦耳的能量，大约是发达国家的一个人在60年内所需要的能量。但由于技术难度空前，商业核聚变发电何时实现这一问题的答案依然模糊不清，10年、20年还是50年？以至于业内长期流传着这样一个笑话：核聚变是一项距离成功“永远还有50年”的技术。直到去年年底，核聚变迎来了一项历时性转折。美国加州劳伦斯利弗莫尔国家实验室（LLNL）的科学家们从一个实验性核聚变反应堆中实现了净能量增益，即产生的能源大于消耗的能源。当时，美国能源部长Jennifer M. Granholm兴奋地表示，如果核融合能源推进顺利的话，就能用它为交通、工业提供燃料。格兰霍姆还说，美国计划在10年内实现核聚变能源商业化。不过，LLNL实验室主任Kim Budil则表示，该技术可能需要“数十年”才能实现商业化。乐观的投资人：赚一千倍？投资机构Lowercarbon Capital公司创始合伙人Clay Dumas表示，核聚变正处于一个转折点，因为无论设计如何，它都在取得里程碑式的技术成就。计算能力的增长和材料科学的突破加速了他们的进步，比任何人预期的都要快。Lowercarbon Capital由Twitter和Uber早期风险投资人Chris Sacca创立，去年推出了一只核聚变基金，投资者包括捐赠基金、企业和家族理财室。在该机构的投资名单中，有一家名叫Avalanche Energy的微型核聚变装置开发公司，目前已完成了4000万美元的首轮融资。Avalanche Energy首席执行官Robin Langtry说：我们想建造世界上最小的核聚变反应堆。我们谈论的项目可能是数千万美元，而不是数十亿美元，你实际上可以用一个小团队做到这一点。目前，Avalanche Energy已经拿到了美国国防部的订单。美国国防部等离子体物理学家、空军少校Ryan Weed说，希望在未来五年内的某个时候，能够利用一个烤箱或微波炉大小的设备提供电力。在投资人看来，核聚变一旦实现商业化，其带来的利润将是天量的。软件公司太阳微系统公司创始人Vinod Khosla，OpenAI的投资人，核聚变私人企业的早期投资者，他说：在财务上，要么损失一倍的钱，要么赚一千倍的钱。这就是核聚变的数学。Khosl希望能建造一个大型高温超导磁体核聚变反应堆，目前正在投资从威斯康星大学麦迪逊分校独立出来的核聚变公司Realta Fusion。谁能成为下一家OpenAI?对于这一问题，非营利研究机构Energy Futures Initiative首席执行官、前美国能源部长、物理学家Ernest Moniz表示:合理的情况是，在这十年里，至少有一两家公司开发出（可商用）核聚变装置。Moniz说，大规模机器学习加速了实验进程，并帮助几家公司达到或接近聚变反应所需的极端温度和压力。那么，哪一家公司能够脱颖而出成为核聚变领域的OpenAI呢？对此，华尔街见闻整理了当前最炙手可热的核聚变初创公司。Helion Energy创立于2013年，总部在华盛顿州，Helion Energy计划在2024年早出核聚变发电机。Helion Energy采用的是一种叫磁惯性的技术引发聚变反应，首席商务官Scott Krisiloff曾说，这种方法相较于大型托卡马克或蒸汽循环能更有效地利用能量。 截至目前，Helion Energy已经筹集了5.77亿美元，除了Altman之外，Peter Thiel、eBay前总裁Jeff Skoll、Facebook联合创始人Dustin Moskovitz都是它的投资人。Zap EnergyZap Energy成立于2017年，总部位于西雅图，是华盛顿大学和LLNL的衍生公司，致力于通过模块化、车库大小的反应堆使其商业化。Zap Energy采用一种叫剪切流的技术实现聚变反应，据称，这种方法将能够使公司生产50兆瓦的小型反应堆，足以为大约4万户美国家庭供电。截至目前，Zap Energy已经筹集了2.03亿美元资金，投资人包括盖茨和石油巨头壳牌。Tokamak Energy成立于2009年，总部位于英国牛津郡，Tokamak Energy正在研究世界上第一个大规模使用HTS磁体的球形托卡马克，并计划在2030年代初期建立一个聚变试验工厂。为实现这一目标，Tokamak Energy计划在2026年完成建造ST80-HTS原型聚变装置。 今年2月份，Tokamak Energy完成建造了世界第一套新一代HTS磁体，可在聚变电厂相关场景中进行组装和测试。Tokamak Energy目前已经筹集2.5亿美元，它还接受了美国、英国政府的多项资助。Marvel Fusion成立仅4年时间，总部位于德国慕尼黑，Marvel Fusion正在开发激光驱动的聚变技术（该技术可追溯到1960年代），包括使用激光束来创造“人造太阳”。公司称，其聚变技术比美国国家点火设施（NIF）的激光器要领先20年，目标在未来5-10年内将其技术商业化。Marvel Fusion计划在年底前完成建造其第一座聚变反应堆原型。迄今为止，Marvel Fusion已累计融资超6000万欧元，而该公司希望再筹集3.5亿欧元。General FusionGeneral Fusion成立于2002年，总部位于加拿大温哥华。公司正在研究通过美国海军研究实验室于1970年代提出的磁化目标聚变 (MTF) 方法产生能量，并计划在2030年代初期建造一座聚变能源发电厂。今年1月，General Fusion位于英国牛津郡附近的聚变示范工厂 (FDP) 获得规划许可，预计年内动工，不过该工厂不会用于发电。 截至目前，General Fusion已经获得了3亿美元的投资，投资人包括Shopify创始人Tobias Lütke、贝索斯。TAE TechnologiesTAE Technologies，原名Tri Alpha Energy，成立于1998年，总部位于美国加利福尼亚州，主要专注于核聚变发电、电能储存与管理技术、粒子加速器技术等方面实现核聚变商用。TAE是目前全球最大的核聚变私营公司，目前有两代平台仍在持续研发中，分别是Copernicus平台和国家实验室规格的Norman平台。公司旗下Da Vinci装置计划将在2030年代初开始向电网供电。TAE正在研究让氢与硼发生核聚变反应来发电，为此，公司开发了场反转配置技术实现对核聚变等离子体的高温稳定控制。今年2月，TAE 宣布和日本国家聚变科学研究所完成了磁约束等离子体中氢硼燃料循环的首次测试，这一新燃料循环比传统的氘氚基工艺生产的更清洁、更廉价。截至目前，TAE获得了12亿美元的投资，主要投资方包括谷歌、雪佛龙和日本住友商事。Commonwealth Fusion SystemsCommonwealth Fusion Systems（CFS）是麻省理工学院独立出来的核聚变初创企业，成立于2018年，总部位于美国马萨诸塞州。CFS正在开发一个ARC核聚变反应堆（一种托卡马克反应堆）设计的聚变发电装置，该发电装置使用高温超导磁铁来限制等离子体。CFS计划到2025年建造一个名为SPARC的原型反应堆，并在30年代建造一座商业聚变发电厂ARC。截至目前，CFS已经获得22亿美元的投资，背后投资方包括盖茨、索罗斯、Marc Benioff、谷歌母公司Alphabet、意大利能源公司Eni等多位大佬和巨头。核聚变投资，国外热闹非凡，国内也并不安静。去年2月，能量奇点宣布获得近4亿元投资，米哈游和蔚来共同领投，红杉种子基金也有投资。彼时，距离能量奇点成立才仅仅半年。资料显示，能量奇点成立于2021年6月，“聚焦于研制有商业发电潜力的高磁场、高参数、标准化的高温超导托卡马克装置及其运行控制软件系统，为未来商业聚变发电堆提供高性价比、高可靠性的核心组件和服务”。2022年3月，能量奇点宣布与我国老牌研究机构核工业西南物理研究院签署了协议，双方计划共同研发全球首台基于全高温超导磁体的托卡马克，以实现长时稳态运行的科学和工程目标。同年6月，星环聚能宣布完成天使轮融资，投资机构包括中科创星、顺为资本、红杉种子基金等知名投资机构。星环聚能成立于2021年，目标是建成商业可控聚变堆，开发小型化、商业化、快速迭代的可控聚变能装置。","news_type":1},"isVote":1,"tweetType":1,"viewCount":521,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":276853646094424,"gmtCreate":1708620371422,"gmtModify":1708620372711,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a><v-v data-views=\"1\"></v-v>啥时候开始炒ai软件","listText":"<a 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啥时候开始炒ai软件","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/276853646094424","isVote":1,"tweetType":1,"viewCount":1154,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":273600930074736,"gmtCreate":1707848861236,"gmtModify":1707848862909,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"股票质押","listText":"股票质押","text":"股票质押","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/273600930074736","repostId":"2394759854","repostType":2,"repost":{"id":"2394759854","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1703712950,"share":"https://www.laohu8.com/m/news/2394759854?lang=&edition=full","pubTime":"2023-12-28 05:35","market":"us","language":"en","title":"BRIEF-Applied Optoelectronics Unit Entered Asset Pool Business Cooperation Agreement, Asset Pool Pledge Contract With China Zheshang Bank","url":"https://stock-news.laohu8.com/highlight/detail?id=2394759854","media":"Reuters","summary":"Dec 27  - Applied Optoelectronics Inc   :   * APPLIED OPTOELECTRONICS: ON DEC 21, CO'S UNIT ENTERED ASSET POOL BUSINESS COOPERATION AGREEMENT & ASSET POOL PLEDGE CONTRACT WITH CHINA ZHESHANG BANK   * APPLIED OPTOELECTRONICS- IN PLEDGED ASSET LINE, UNIT SHALL PLEDGE CERTAIN FINANCIAL ASSETS/RIGHTS TO SUCH ASSETS TO BANK IN ORDER TO OBTAIN LOAN FUNDS   * APPLIED OPTOELECTRONICS INC - PLEDGED ASSET LINE DOES NOT CREATE OR ESTABLISH AN ADDITIONAL CREDIT LINE.   * APPLIED OPTOELECTRONICS INC - GLOBAL TECHNOLOGY MAY DRAW UPON PLEDGED ASSET LINE BETWEEN DECEMBER 21, 2023 AND DECEMBER 21, 2025Further company coverage:    ","content":"<html><body><p>Dec 27 (Reuters) - Applied Optoelectronics Inc   :</p><p>   * APPLIED OPTOELECTRONICS: ON DEC 21, CO'S UNIT ENTERED ASSET POOL BUSINESS COOPERATION AGREEMENT &amp; ASSET POOL PLEDGE CONTRACT WITH CHINA ZHESHANG BANK</p><p>   * APPLIED OPTOELECTRONICS- IN PLEDGED ASSET LINE, UNIT SHALL PLEDGE CERTAIN FINANCIAL ASSETS/RIGHTS TO SUCH ASSETS TO BANK IN ORDER TO OBTAIN LOAN FUNDS</p><p>   * APPLIED OPTOELECTRONICS INC - PLEDGED ASSET LINE DOES NOT CREATE OR ESTABLISH AN ADDITIONAL CREDIT LINE.</p><p>   * APPLIED OPTOELECTRONICS INC - GLOBAL TECHNOLOGY MAY DRAW UPON PLEDGED ASSET LINE BETWEEN DECEMBER 21, 2023 AND DECEMBER 21, 2025</p><p>Further company coverage:   </p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BRIEF-Applied Optoelectronics Unit Entered Asset Pool Business Cooperation Agreement, Asset Pool Pledge Contract With China Zheshang Bank</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBRIEF-Applied Optoelectronics Unit Entered Asset Pool Business Cooperation Agreement, Asset Pool Pledge Contract With China Zheshang Bank\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-12-28 05:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>Dec 27 (Reuters) - Applied Optoelectronics Inc   :</p><p>   * APPLIED OPTOELECTRONICS: ON DEC 21, CO'S UNIT ENTERED ASSET POOL BUSINESS COOPERATION AGREEMENT &amp; ASSET POOL PLEDGE CONTRACT WITH CHINA ZHESHANG BANK</p><p>   * APPLIED OPTOELECTRONICS- IN PLEDGED ASSET LINE, UNIT SHALL PLEDGE CERTAIN FINANCIAL ASSETS/RIGHTS TO SUCH ASSETS TO BANK IN ORDER TO OBTAIN LOAN FUNDS</p><p>   * APPLIED OPTOELECTRONICS INC - PLEDGED ASSET LINE DOES NOT CREATE OR ESTABLISH AN ADDITIONAL CREDIT LINE.</p><p>   * APPLIED OPTOELECTRONICS INC - GLOBAL TECHNOLOGY MAY DRAW UPON PLEDGED ASSET LINE BETWEEN DECEMBER 21, 2023 AND DECEMBER 21, 2025</p><p>Further company coverage:   </p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4159":"经销商","IE00B64QTZ34.USD":"NEUBERGER BERMAN US SMALL CAP \"A\" (USD) ACC","BK4567":"ESG概念","BK4585":"ETF&股票定投概念","BK4020":"通信设备","AAOI":"Applied Optoelectronics Inc.","BK4588":"碎股","POOL":"Pool Corporation"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2394759854","content_text":"Dec 27 (Reuters) - Applied Optoelectronics Inc   :   * APPLIED OPTOELECTRONICS: ON DEC 21, CO'S UNIT ENTERED ASSET POOL BUSINESS COOPERATION AGREEMENT & ASSET POOL PLEDGE CONTRACT WITH CHINA ZHESHANG BANK   * APPLIED OPTOELECTRONICS- IN PLEDGED ASSET LINE, UNIT SHALL PLEDGE CERTAIN FINANCIAL ASSETS/RIGHTS TO SUCH ASSETS TO BANK IN ORDER TO OBTAIN LOAN FUNDS   * APPLIED OPTOELECTRONICS INC - PLEDGED ASSET LINE DOES NOT CREATE OR ESTABLISH AN ADDITIONAL CREDIT LINE.   * APPLIED OPTOELECTRONICS INC - GLOBAL TECHNOLOGY MAY DRAW UPON PLEDGED ASSET LINE BETWEEN DECEMBER 21, 2023 AND DECEMBER 21, 2025Further company coverage:    ((Reuters.Briefs@thomsonreuters.com;))","news_type":1},"isVote":1,"tweetType":1,"viewCount":403,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":273152927146192,"gmtCreate":1707725489744,"gmtModify":1707725490979,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/273152927146192","repostId":"2380973743","repostType":2,"isVote":1,"tweetType":1,"viewCount":278,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":273145128657016,"gmtCreate":1707723679755,"gmtModify":1707723681113,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/273145128657016","repostId":"2386411995","repostType":2,"repost":{"id":"2386411995","pubTimestamp":1701170021,"share":"https://www.laohu8.com/m/news/2386411995?lang=&edition=full","pubTime":"2023-11-28 19:13","market":"us","language":"en","title":"Applied Optoelectronics: 2024 Should Be Strong But Downgrading On Valuation","url":"https://stock-news.laohu8.com/highlight/detail?id=2386411995","media":"seekingalpha","summary":"After briefly dipping below $7 in late October, shares of Applied Optoelectronics Inc. have rallied by approximately 100% this month so far.With leading AI player and key customer Microsoft Corporatio","content":"<html><body><ul><li>After briefly dipping below $7 in late October, shares of <a href=\"https://laohu8.com/S/AAOI\">Applied Optoelectronics Inc.</a> have rallied by approximately 100% this month so far.</li><li>With leading AI player and key customer Microsoft Corporation trading at new all-time highs, shares of Applied Optoelectronics are back in the spotlight again.</li><li>Earlier this month, AOI reported third quarter results and provided fourth quarter guidance largely in line with consensus expectations. However, this was below my projections for a beat-and-raise quarter.</li><li>In combination with some anticipated headwinds from decreasing 100G product revenue going forward and assumptions for the company repaying the March convertible note maturity with cash raised from ongoing open market sales, I have decided to revise my aggressive assumptions for next year.</li><li>Consequently, I am downgrading the company's shares from \"Strong Buy\" to \"Hold\" while decreasing my price target from $22.50 to $15.00.</li></ul><p><figure><picture><img height=\"864px\" loading=\"lazy\" sizes=\"(max-width: 768px) calc(100vw - 36px), (max-width: 1024px) calc(100vw - 132px), (max-width: 1200px) calc(66.6vw - 72px), 600px\" src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1772548139/image_1772548139.jpg?io=getty-c-w750\" srcset=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1772548139/image_1772548139.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1772548139/image_1772548139.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1772548139/image_1772548139.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1772548139/image_1772548139.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1772548139/image_1772548139.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1772548139/image_1772548139.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1772548139/image_1772548139.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1772548139/image_1772548139.jpg?io=getty-c-w240 240w\" width=\"1536px\"/></picture><figcaption><p>pingingz/iStock via Getty Images</p></figcaption></figure></p> <p><strong>Note:</strong></p> <p><em>I have covered <strong>Applied Optoelectronics, Inc.</strong> (<span>NASDAQ:AAOI</span>) previously, so investors should view this as an update to my earlier articles on the company.</em></p> <p>A little over two months ago, I urged investors to buy shares<span> of fiber-optic networking products provider Applied Optoelectronics, Inc. or \"AOI\" following a 40% retreat from its 52-week-high of $16.26 marked on August 24.</span></p> <p>While shares are up by close to 50% since that time, trading in the stock has been highly volatile. What at first appeared to be a well-timed call started to turn into a major nightmare over the month of October and I ultimately ended up being stopped out of a sizeable position at a major loss.</p> <p>However, after briefly dipping below $7 in late October, shares have regained their footing and rallied by approximately 100% this month so far, likely as a<span> result of renewed strength in leading AI player and key customer Microsoft Corporation (</span>MSFT<span>).</span></p> <p><figure contenteditable=\"false\"><picture><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2023/11/27/769697-17011235659600344.png\"/></span></picture><figcaption><p>Yahoo Finance</p></figcaption></figure></p> <p>Earlier this month, AOI reported third quarter results and provided fourth quarter guidance largely in line with expectations:</p> <p><figure contenteditable=\"false\"><picture><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2023/11/27/769697-17011236882968981.png\"/></span></picture><figcaption><p>Company Press Releases</p></figcaption></figure></p> <p>That said, free cash flow was negative - a whopping $18.6 million almost solely due to a more than 40% sequential increase in accounts receivable as a result of massive growth in the company's Datacenter segment:</p> <p><figure contenteditable=\"false\"><picture><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2023/11/27/769697-17011250220681455.png\"/></picture><figcaption><p>Company Press Releases</p></figcaption></figure></p> <p>In Q3, Datacenter revenues contributed almost 80% of total sales. Within the Datacenter segment, both the company's 100G and 400G products experienced strong growth with the older 100G technology surprisingly still contributing the lion's share, as outlined by management on the conference call:</p> <blockquote><p><em>In the third quarter, 74% of our data center revenue was from our 100G products, 13% was from our 200G and 400G transceiver products, and 7% was from our 40G transceiver products. Notably, revenue for our 100G products increased 75% sequentially, while revenue for our 400G products increased 74% sequentially and accounted for just under 11% of our total data center revenue in Q3.</em></p></blockquote> <p>To compensate for the material cash outflows, AOI continued to sell shares into the open market under its recently expanded Equity Distribution Agreement with Raymond James (RJF):</p> <p><figure contenteditable=\"false\"><picture><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2023/11/27/769697-17011261200300508.png\"/></picture><figcaption><p>Regulatory Filings / Q3 Conference Call Transcript</p></figcaption></figure></p> <p>While the ongoing open market sales are diluting existing shareholders, I would actually like to see the company taking advantage of the most recent rally and raise as much cash as possible in order to prepare for an upcoming $80.5 million convertible debt maturity on March 15.</p> <p>However, even full utilization of the remaining $26.8 million available under the current Equity Distribution Agreement won't be sufficient to repay the convertible notes but the company has sufficient authorized shares to allow for further upsizing of the agreement.</p> <p>In addition, a $19.0 million revolving credit facility with a Chinese bank is scheduled to mature on May 24.</p> <p>Please note that the company decided to terminate the proposed $150 million sale of its Chinese manufacturing facilities to Yuhan Optoelectronic Technology (Shanghai) Co. or \"Yuhan\" after the buyer's alleged failure to meet agreed-upon deadlines resulted in AOI losing confidence in Yuhan's ability to complete the transaction, according to statements made by management on the conference call.</p> <p>Currently, the company is exploring additional options with new potential buyers while concurrently pursuing a $3 million breakup fee from Yuhan.</p> <p>For the fourth quarter, the company expects 400G product contribution to increase, partially due to earlier-than-expected product shipments under the recently-announced supply agreements with core customer Microsoft Corporation (MSFT) for next generation lasers and active optical cables:</p> <blockquote> <p><em>As a reminder, as we have discussed on our prior couple of earnings calls, we signed two agreements with Microsoft earlier this year, including a development program to make next-generation lasers for its data center, both for 400G and beyond, and for the development of their 400G and next-generation active optical cables. While not guaranteed, we continue to believe that the revenue opportunity for our 400G and 800G products could be greater and a longer duration than the revenue contribution we saw from this customer during the peak of the 40G product cycle, which suggests that revenue from these products may exceed $300 million over the several years of these build-outs.</em></p> <p><em>During the quarter, we received requests from Microsoft to expedite our production ramp for these products, which we are attempting to accommodate. Based on these expedite requests, we believe demand for these products remains strong, and our production teams are working very hard to add capacity for this production, which we now expect will allow us to begin shipments later this month, rather than in late December as originally planned.</em></p> </blockquote> <p>With revenues under the new supply agreements with Microsoft likely to ramp over the course of 2024 and commercial shipments of the company's new 800G products also expected for next year, 2024 is likely to be a huge year for Applied Optoelectronics.</p> <p>However, these expectations are already very much reflected in current consensus estimates which call for an almost 60% year-over-year revenue increase and substantial profitability next year:</p> <p><figure contenteditable=\"false\"><picture><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2023/11/27/769697-17011314962214906.png\"/></span></picture><figcaption><p>Seeking Alpha</p></figcaption></figure></p> <p>Remember, my original investment thesis was based on even more aggressive growth and profitability assumptions as well as the convertible bonds being converted to equity at a conversion price of $17.55 per share in March.</p> <p>While still a distinct possibility, I have decided to take a more conservative stance and now expect the convertible notes to be repaid with cash raised from ongoing open market sales. In addition, I would assume the projected sales growth to require additional working capital.</p> <p>Depending on the average sales price, I wouldn't be surprised to see outstanding shares increasing by more than 25% to approximately 45 million by the end of Q1/2024.</p> <p>Please note also that the company's in-line quarter and guidance was below my beat-and-raise expectations. In addition, I was surprised by the revenue mix still being heavily-weighted towards legacy 100G technology which is likely to provide a headwind going forward.</p> <p>As a result, I am now projecting 2024 revenues of approximately $400 million and earnings per share (\"eps\") of $0.75 which is still above the high-end of current consensus expectations but substantially below my previous forecast for earnings potentially approaching $1.50 per share next year.</p> <p>Even when applying a P/E ratio more in line with industry peers of 20x my 2024 eps forecast, the resulting price target of $15 only provides for marginal upside from current share price levels.</p> <h2>Bottom Line</h2> <p>With leading AI player and key customer Microsoft's stock having rallied to new all-time highs in recent weeks, Applied Optoelectronics Inc.'s shares are red hot again.</p> <p>While I still expect 2024 to be a year of strong growth and meaningful profitability for AOI, the company's Q3 results and Q4 guidance came in below my aggressive expectations.</p> <p>In combination with some anticipated headwinds from decreasing 100G product revenue going forward and assumptions for the company repaying the March convertible note maturity with cash raised from ongoing open market sales, I have decided to revise my aggressive projections for next year.</p> <div></div> <p>Consequently, I am downgrading the company's shares from \"<em>Strong Buy</em>\" to \"<em>Hold</em>\" while decreasing my price target from $22.50 to $15.00.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApplied Optoelectronics: 2024 Should Be Strong But Downgrading On Valuation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-28 19:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4654536-applied-optoelectronics-stock-2024-should-be-strong-downgrading-on-valuation><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After briefly dipping below $7 in late October, shares of Applied Optoelectronics Inc. have rallied by approximately 100% this month so far.With leading AI player and key customer Microsoft ...</p>\n\n<a href=\"https://seekingalpha.com/article/4654536-applied-optoelectronics-stock-2024-should-be-strong-downgrading-on-valuation\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1772548139/image_1772548139.jpg","relate_stocks":{"LU0171293334.USD":"贝莱德英国基金A2","MSFT":"微软","BK4535":"淡马锡持仓","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","BK4538":"云计算","BK4527":"明星科技股","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4550":"红杉资本持仓","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","RJF":"瑞杰金融","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4097":"系统软件","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0149725797.USD":"汇丰美国股市经济规模基金","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","BK4504":"桥水持仓","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","BK4548":"巴美列捷福持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4127":"投资银行业与经纪业","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0109391861.USD":"富兰克林美国机遇基金A Acc","BK4516":"特朗普概念","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","BK4554":"元宇宙及AR概念","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","BK4532":"文艺复兴科技持仓","LU0082616367.USD":"摩根大通美国科技A（dist）","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0079474960.USD":"联博美国增长基金A","BK4567":"ESG概念","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4534":"瑞士信贷持仓","LU0061474960.USD":"天利环球焦点基金AU Acc","AAOI":"Applied Optoelectronics Inc.","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","BK4566":"资本集团"},"source_url":"https://seekingalpha.com/article/4654536-applied-optoelectronics-stock-2024-should-be-strong-downgrading-on-valuation","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2386411995","content_text":"After briefly dipping below $7 in late October, shares of Applied Optoelectronics Inc. have rallied by approximately 100% this month so far.With leading AI player and key customer Microsoft Corporation trading at new all-time highs, shares of Applied Optoelectronics are back in the spotlight again.Earlier this month, AOI reported third quarter results and provided fourth quarter guidance largely in line with consensus expectations. However, this was below my projections for a beat-and-raise quarter.In combination with some anticipated headwinds from decreasing 100G product revenue going forward and assumptions for the company repaying the March convertible note maturity with cash raised from ongoing open market sales, I have decided to revise my aggressive assumptions for next year.Consequently, I am downgrading the company's shares from \"Strong Buy\" to \"Hold\" while decreasing my price target from $22.50 to $15.00.pingingz/iStock via Getty Images Note: I have covered Applied Optoelectronics, Inc. (NASDAQ:AAOI) previously, so investors should view this as an update to my earlier articles on the company. A little over two months ago, I urged investors to buy shares of fiber-optic networking products provider Applied Optoelectronics, Inc. or \"AOI\" following a 40% retreat from its 52-week-high of $16.26 marked on August 24. While shares are up by close to 50% since that time, trading in the stock has been highly volatile. What at first appeared to be a well-timed call started to turn into a major nightmare over the month of October and I ultimately ended up being stopped out of a sizeable position at a major loss. However, after briefly dipping below $7 in late October, shares have regained their footing and rallied by approximately 100% this month so far, likely as a result of renewed strength in leading AI player and key customer Microsoft Corporation (MSFT). Yahoo Finance Earlier this month, AOI reported third quarter results and provided fourth quarter guidance largely in line with expectations: Company Press Releases That said, free cash flow was negative - a whopping $18.6 million almost solely due to a more than 40% sequential increase in accounts receivable as a result of massive growth in the company's Datacenter segment: Company Press Releases In Q3, Datacenter revenues contributed almost 80% of total sales. Within the Datacenter segment, both the company's 100G and 400G products experienced strong growth with the older 100G technology surprisingly still contributing the lion's share, as outlined by management on the conference call: In the third quarter, 74% of our data center revenue was from our 100G products, 13% was from our 200G and 400G transceiver products, and 7% was from our 40G transceiver products. Notably, revenue for our 100G products increased 75% sequentially, while revenue for our 400G products increased 74% sequentially and accounted for just under 11% of our total data center revenue in Q3. To compensate for the material cash outflows, AOI continued to sell shares into the open market under its recently expanded Equity Distribution Agreement with Raymond James (RJF): Regulatory Filings / Q3 Conference Call Transcript While the ongoing open market sales are diluting existing shareholders, I would actually like to see the company taking advantage of the most recent rally and raise as much cash as possible in order to prepare for an upcoming $80.5 million convertible debt maturity on March 15. However, even full utilization of the remaining $26.8 million available under the current Equity Distribution Agreement won't be sufficient to repay the convertible notes but the company has sufficient authorized shares to allow for further upsizing of the agreement. In addition, a $19.0 million revolving credit facility with a Chinese bank is scheduled to mature on May 24. Please note that the company decided to terminate the proposed $150 million sale of its Chinese manufacturing facilities to Yuhan Optoelectronic Technology (Shanghai) Co. or \"Yuhan\" after the buyer's alleged failure to meet agreed-upon deadlines resulted in AOI losing confidence in Yuhan's ability to complete the transaction, according to statements made by management on the conference call. Currently, the company is exploring additional options with new potential buyers while concurrently pursuing a $3 million breakup fee from Yuhan. For the fourth quarter, the company expects 400G product contribution to increase, partially due to earlier-than-expected product shipments under the recently-announced supply agreements with core customer Microsoft Corporation (MSFT) for next generation lasers and active optical cables:  As a reminder, as we have discussed on our prior couple of earnings calls, we signed two agreements with Microsoft earlier this year, including a development program to make next-generation lasers for its data center, both for 400G and beyond, and for the development of their 400G and next-generation active optical cables. While not guaranteed, we continue to believe that the revenue opportunity for our 400G and 800G products could be greater and a longer duration than the revenue contribution we saw from this customer during the peak of the 40G product cycle, which suggests that revenue from these products may exceed $300 million over the several years of these build-outs. During the quarter, we received requests from Microsoft to expedite our production ramp for these products, which we are attempting to accommodate. Based on these expedite requests, we believe demand for these products remains strong, and our production teams are working very hard to add capacity for this production, which we now expect will allow us to begin shipments later this month, rather than in late December as originally planned.  With revenues under the new supply agreements with Microsoft likely to ramp over the course of 2024 and commercial shipments of the company's new 800G products also expected for next year, 2024 is likely to be a huge year for Applied Optoelectronics. However, these expectations are already very much reflected in current consensus estimates which call for an almost 60% year-over-year revenue increase and substantial profitability next year: Seeking Alpha Remember, my original investment thesis was based on even more aggressive growth and profitability assumptions as well as the convertible bonds being converted to equity at a conversion price of $17.55 per share in March. While still a distinct possibility, I have decided to take a more conservative stance and now expect the convertible notes to be repaid with cash raised from ongoing open market sales. In addition, I would assume the projected sales growth to require additional working capital. Depending on the average sales price, I wouldn't be surprised to see outstanding shares increasing by more than 25% to approximately 45 million by the end of Q1/2024. Please note also that the company's in-line quarter and guidance was below my beat-and-raise expectations. In addition, I was surprised by the revenue mix still being heavily-weighted towards legacy 100G technology which is likely to provide a headwind going forward. As a result, I am now projecting 2024 revenues of approximately $400 million and earnings per share (\"eps\") of $0.75 which is still above the high-end of current consensus expectations but substantially below my previous forecast for earnings potentially approaching $1.50 per share next year. Even when applying a P/E ratio more in line with industry peers of 20x my 2024 eps forecast, the resulting price target of $15 only provides for marginal upside from current share price levels. Bottom Line With leading AI player and key customer Microsoft's stock having rallied to new all-time highs in recent weeks, Applied Optoelectronics Inc.'s shares are red hot again. While I still expect 2024 to be a year of strong growth and meaningful profitability for AOI, the company's Q3 results and Q4 guidance came in below my aggressive expectations. In combination with some anticipated headwinds from decreasing 100G product revenue going forward and assumptions for the company repaying the March convertible note maturity with cash raised from ongoing open market sales, I have decided to revise my aggressive projections for next year.  Consequently, I am downgrading the company's shares from \"Strong Buy\" to \"Hold\" while decreasing my price target from $22.50 to $15.00.","news_type":1},"isVote":1,"tweetType":1,"viewCount":254,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":251363931283496,"gmtCreate":1702405336609,"gmtModify":1702405338028,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/251363931283496","repostId":"251321447407920","repostType":1,"repost":{"id":251321447407920,"gmtCreate":1702365889051,"gmtModify":1702365927790,"author":{"id":"212008496769156","authorId":"212008496769156","name":"捷克Jack","avatar":"https://static.tigerbbs.com/7cc48e563d37c21562541a2874ce20e4","crmLevel":3,"crmLevelSwitch":0},"themes":[],"title":"是的，我买了阿里巴巴","htmlText":"芒格大师已经走了， <a href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$</a> 的这笔投资可能是他最后时刻的“最不成功的投资”。 <a href=\"https://laohu8.com/S/09988\">$阿里巴巴-SW(09988)$</a> 割肉的时候，他也提了跟巴菲特割肉 <a href=\"https://laohu8.com/S/TSM\">$台积电(TSM)$</a> 一样的理由，“我不喜欢他的地理位置”。换句话说，他也是觉得，这家公司依然是被低估的。商业上的理由有很多，包括段永平大师也提到了“阿里学拼多多”，我认为核心是化繁为简，专注核心。其实仔细跟踪大厂的财报，你可以看到，已经在开始改变了。之所以还不是让投资者都“感同身受”，我觉得不仅仅是大环境的原因，也因为“大船掉头慢”。反过来想，如果已经在财报上体现出成功的改革，让散户都明明白白的看到，那还会是这个价格吗？之所以觉得这个位置可以建仓，主要取决于两个因素：估值和动量。估值上来讲，无论是倍数（multiples）还是现金流折现（DCF），都是显著的低估。倍数如果看PE，一个最大发展中国家的头部互联网公司仅10倍左右的PE，这得隐含了多少对未来倍数（P/E）预期风险考量？是中国人生意都不做了吗？还是要阿里的生意不断地平分给市场其他玩家？ <a href=\"https://laohu8.com/S/PDD\">$拼多多(PDD)$</a> <a href=\"https://laohu8.com/S/JD\">$京东(JD)$</a> 更重要的是，Earning的部分大多都是淘宝生态产生，且反哺了其他几个不赚钱的业务板块。如果后面其他几个业务板块纷纷盈利，那这个倍数就更低了。因此，我倾向于“均值回归”，用老祖宗的话来说就是“风水轮流转”。现金流电商公司本来就是得天独厚。当前的","listText":"芒格大师已经走了， <a href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$</a> 的这笔投资可能是他最后时刻的“最不成功的投资”。 <a href=\"https://laohu8.com/S/09988\">$阿里巴巴-SW(09988)$</a> 割肉的时候，他也提了跟巴菲特割肉 <a href=\"https://laohu8.com/S/TSM\">$台积电(TSM)$</a> 一样的理由，“我不喜欢他的地理位置”。换句话说，他也是觉得，这家公司依然是被低估的。商业上的理由有很多，包括段永平大师也提到了“阿里学拼多多”，我认为核心是化繁为简，专注核心。其实仔细跟踪大厂的财报，你可以看到，已经在开始改变了。之所以还不是让投资者都“感同身受”，我觉得不仅仅是大环境的原因，也因为“大船掉头慢”。反过来想，如果已经在财报上体现出成功的改革，让散户都明明白白的看到，那还会是这个价格吗？之所以觉得这个位置可以建仓，主要取决于两个因素：估值和动量。估值上来讲，无论是倍数（multiples）还是现金流折现（DCF），都是显著的低估。倍数如果看PE，一个最大发展中国家的头部互联网公司仅10倍左右的PE，这得隐含了多少对未来倍数（P/E）预期风险考量？是中国人生意都不做了吗？还是要阿里的生意不断地平分给市场其他玩家？ <a href=\"https://laohu8.com/S/PDD\">$拼多多(PDD)$</a> <a href=\"https://laohu8.com/S/JD\">$京东(JD)$</a> 更重要的是，Earning的部分大多都是淘宝生态产生，且反哺了其他几个不赚钱的业务板块。如果后面其他几个业务板块纷纷盈利，那这个倍数就更低了。因此，我倾向于“均值回归”，用老祖宗的话来说就是“风水轮流转”。现金流电商公司本来就是得天独厚。当前的","text":"芒格大师已经走了， $阿里巴巴(BABA)$ 的这笔投资可能是他最后时刻的“最不成功的投资”。 $阿里巴巴-SW(09988)$ 割肉的时候，他也提了跟巴菲特割肉 $台积电(TSM)$ 一样的理由，“我不喜欢他的地理位置”。换句话说，他也是觉得，这家公司依然是被低估的。商业上的理由有很多，包括段永平大师也提到了“阿里学拼多多”，我认为核心是化繁为简，专注核心。其实仔细跟踪大厂的财报，你可以看到，已经在开始改变了。之所以还不是让投资者都“感同身受”，我觉得不仅仅是大环境的原因，也因为“大船掉头慢”。反过来想，如果已经在财报上体现出成功的改革，让散户都明明白白的看到，那还会是这个价格吗？之所以觉得这个位置可以建仓，主要取决于两个因素：估值和动量。估值上来讲，无论是倍数（multiples）还是现金流折现（DCF），都是显著的低估。倍数如果看PE，一个最大发展中国家的头部互联网公司仅10倍左右的PE，这得隐含了多少对未来倍数（P/E）预期风险考量？是中国人生意都不做了吗？还是要阿里的生意不断地平分给市场其他玩家？ $拼多多(PDD)$ $京东(JD)$ 更重要的是，Earning的部分大多都是淘宝生态产生，且反哺了其他几个不赚钱的业务板块。如果后面其他几个业务板块纷纷盈利，那这个倍数就更低了。因此，我倾向于“均值回归”，用老祖宗的话来说就是“风水轮流转”。现金流电商公司本来就是得天独厚。当前的","images":[],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/251321447407920","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":205,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":248136507388032,"gmtCreate":1701617991005,"gmtModify":1701617992330,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/248136507388032","repostId":"244280230580512","repostType":1,"repost":{"id":244280230580512,"gmtCreate":1700653277003,"gmtModify":1700658713492,"author":{"id":"3513736945495657","authorId":"3513736945495657","name":"智通财经APP","avatar":"https://static.tigerbbs.com/16db7768af5d7e4361472f092e918510","crmLevel":1,"crmLevelSwitch":0},"themes":[],"title":"拿下微软3亿美元大订单，被低估的应用光电(AAOI.US)是下一只“十倍股”？","htmlText":"ChatGPT掀起的AI热潮方兴未艾，一家美股上市公司应用光电(AAOI.US) <a href=\"https://laohu8.com/S/AAOI\">$Applied Optoelectronics Inc.(AAOI)$</a> 股价正悄然“蹿升”：早在今年6月公司股价就自低点强势反弹，11月以来更是从7-8美元附近上涨至13.33美元(截至11月21日收盘)，月内涨幅高达80%。 从宏观层面来看，AI行业对算力需求的高速增长推动了光模块相关上市公司纷纷交出超预期的业绩“答卷”;而从公司层面来看，受益于大订单带动，公司业绩面明显改善，预计未来将持续保持增长势头。 消息面上，此前应用光电一度欲将包括中国子公司宁波环球广电在内的中国资产及业务出售给仕佳光子旗下的裕汉光电，但双方为收购案签署的SPA协议于9月终止。考虑到境内外资本市场运作的困难、今年宏观市场与AI行业的变化，应用光电或打算下一步联合中兴等合作伙伴，共同拓展在中国市场的光模块业务。而这一举措，无疑将为公司未来业绩贡献更多增量。 AI热潮推动光模块需求高增 之所以应用光电能够受到市场投资者青睐，主要是由于赛道和业绩的双重“加成”。 应用光电(Applied Optoelectronics)专注于设计和制造一系列光通信产品，包括数据中心光模块及服务器光连接产品等，业务范围涵盖高速光通信技术、数据中心互连、云计算和5G通信等领域。 据智通财经APP了解，光通信是以光波为载体的通信方式，目前已成为全球最主流的信息传输方式，而光模块是光通信系统物理层的基础构成单元之一，在5G光通信系统中光模块在系统设备中成本的占比可达50%-70%。 随着ChatGPT横空出世，AI行业持续火爆，对算力的需求也持续增加。以ChatGPT为例，ChatGPT的总算力消耗约为3640PF-days(每秒计算一千万亿次，需要计算3640天)","listText":"ChatGPT掀起的AI热潮方兴未艾，一家美股上市公司应用光电(AAOI.US) <a href=\"https://laohu8.com/S/AAOI\">$Applied Optoelectronics Inc.(AAOI)$</a> 股价正悄然“蹿升”：早在今年6月公司股价就自低点强势反弹，11月以来更是从7-8美元附近上涨至13.33美元(截至11月21日收盘)，月内涨幅高达80%。 从宏观层面来看，AI行业对算力需求的高速增长推动了光模块相关上市公司纷纷交出超预期的业绩“答卷”;而从公司层面来看，受益于大订单带动，公司业绩面明显改善，预计未来将持续保持增长势头。 消息面上，此前应用光电一度欲将包括中国子公司宁波环球广电在内的中国资产及业务出售给仕佳光子旗下的裕汉光电，但双方为收购案签署的SPA协议于9月终止。考虑到境内外资本市场运作的困难、今年宏观市场与AI行业的变化，应用光电或打算下一步联合中兴等合作伙伴，共同拓展在中国市场的光模块业务。而这一举措，无疑将为公司未来业绩贡献更多增量。 AI热潮推动光模块需求高增 之所以应用光电能够受到市场投资者青睐，主要是由于赛道和业绩的双重“加成”。 应用光电(Applied Optoelectronics)专注于设计和制造一系列光通信产品，包括数据中心光模块及服务器光连接产品等，业务范围涵盖高速光通信技术、数据中心互连、云计算和5G通信等领域。 据智通财经APP了解，光通信是以光波为载体的通信方式，目前已成为全球最主流的信息传输方式，而光模块是光通信系统物理层的基础构成单元之一，在5G光通信系统中光模块在系统设备中成本的占比可达50%-70%。 随着ChatGPT横空出世，AI行业持续火爆，对算力的需求也持续增加。以ChatGPT为例，ChatGPT的总算力消耗约为3640PF-days(每秒计算一千万亿次，需要计算3640天)","text":"ChatGPT掀起的AI热潮方兴未艾，一家美股上市公司应用光电(AAOI.US) $Applied Optoelectronics Inc.(AAOI)$ 股价正悄然“蹿升”：早在今年6月公司股价就自低点强势反弹，11月以来更是从7-8美元附近上涨至13.33美元(截至11月21日收盘)，月内涨幅高达80%。 从宏观层面来看，AI行业对算力需求的高速增长推动了光模块相关上市公司纷纷交出超预期的业绩“答卷”;而从公司层面来看，受益于大订单带动，公司业绩面明显改善，预计未来将持续保持增长势头。 消息面上，此前应用光电一度欲将包括中国子公司宁波环球广电在内的中国资产及业务出售给仕佳光子旗下的裕汉光电，但双方为收购案签署的SPA协议于9月终止。考虑到境内外资本市场运作的困难、今年宏观市场与AI行业的变化，应用光电或打算下一步联合中兴等合作伙伴，共同拓展在中国市场的光模块业务。而这一举措，无疑将为公司未来业绩贡献更多增量。 AI热潮推动光模块需求高增 之所以应用光电能够受到市场投资者青睐，主要是由于赛道和业绩的双重“加成”。 应用光电(Applied Optoelectronics)专注于设计和制造一系列光通信产品，包括数据中心光模块及服务器光连接产品等，业务范围涵盖高速光通信技术、数据中心互连、云计算和5G通信等领域。 据智通财经APP了解，光通信是以光波为载体的通信方式，目前已成为全球最主流的信息传输方式，而光模块是光通信系统物理层的基础构成单元之一，在5G光通信系统中光模块在系统设备中成本的占比可达50%-70%。 随着ChatGPT横空出世，AI行业持续火爆，对算力的需求也持续增加。以ChatGPT为例，ChatGPT的总算力消耗约为3640PF-days(每秒计算一千万亿次，需要计算3640天)","images":[{"img":"https://static.tigerbbs.com/de15b5704646d0f43466d95afb778def","width":"642","height":"276"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/244280230580512","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":341,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":226864247582792,"gmtCreate":1696394869089,"gmtModify":1696394870419,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/226864247582792","repostId":"226789069946944","repostType":1,"repost":{"id":226789069946944,"gmtCreate":1696376493951,"gmtModify":1696379994182,"author":{"id":"3478213283465426","authorId":"3478213283465426","name":"美股投资网","avatar":"https://static.tigerbbs.com/a1bfd2cf1aa240d7058795c83d419510","crmLevel":1,"crmLevelSwitch":0},"themes":[],"title":"美股一夜回到 “解放前”","htmlText":"今日摘要 美国大型科技股全数收跌， <a href=\"https://laohu8.com/S/AMZN\">$亚马逊(AMZN)$</a> 跌3.66%， <a href=\"https://laohu8.com/S/NVDA\">$英伟达(NVDA)$</a> 跌2.82%； 美国10年期、30年期国债收益率双双刷新2007年以来的最高水平； 美债“投降式”被抛售； 热门中概股集体下跌，纳斯达克中国金龙指数跌2.24%； 英国监管机构将推动对亚马逊和微软云计算主导地位调查。 截至收盘，道琼斯指数跌1.29%，报33,002.38点，为今年3月份以来表现最差的一天，跌回去今年年初的起步价；标普500指数跌1.37%，报4,229.45点；纳斯达克综合指数跌1.87%，报13,059.47点。 原因是美国8月JOLTS职位空缺 961万人，远超预期的881万，较前值跳涨近70万，劳动力市场进一步收紧，坐实了投资者对美联储将面临更多压力在更长时间内维持更高利率的预期。 交易员对美联储在11月加息25个基点的押注小幅升至28%，对等到12月再加息的押注维持在39%。整体来说，认为今年不会再加息的概率约为54%，代表存在很大不确定性。 “恐慌指数”VIX盘中一度升破20关口，为今年5月份以来首次。由于周二的行情，道指抹平了今年全年的涨幅，转为累计下跌0.4%。与之相比，标普500指数还维持逾10%的年内涨幅，而纳指的累计涨幅约为25%。 美国国债20+年ETF-iShares(TLT) 被大量抛售，根据 美股大数据&nbsp;追踪，机构交易员们大量做空 TLT 图片来源：StockWe.com <a href=\"https://laohu8.com/S/.IXIC\">$纳斯达克(.IXIC)$</a> <a href=\"https://laohu8.com/S/.SPX\">$标</a>","listText":"今日摘要 美国大型科技股全数收跌， <a href=\"https://laohu8.com/S/AMZN\">$亚马逊(AMZN)$</a> 跌3.66%， <a href=\"https://laohu8.com/S/NVDA\">$英伟达(NVDA)$</a> 跌2.82%； 美国10年期、30年期国债收益率双双刷新2007年以来的最高水平； 美债“投降式”被抛售； 热门中概股集体下跌，纳斯达克中国金龙指数跌2.24%； 英国监管机构将推动对亚马逊和微软云计算主导地位调查。 截至收盘，道琼斯指数跌1.29%，报33,002.38点，为今年3月份以来表现最差的一天，跌回去今年年初的起步价；标普500指数跌1.37%，报4,229.45点；纳斯达克综合指数跌1.87%，报13,059.47点。 原因是美国8月JOLTS职位空缺 961万人，远超预期的881万，较前值跳涨近70万，劳动力市场进一步收紧，坐实了投资者对美联储将面临更多压力在更长时间内维持更高利率的预期。 交易员对美联储在11月加息25个基点的押注小幅升至28%，对等到12月再加息的押注维持在39%。整体来说，认为今年不会再加息的概率约为54%，代表存在很大不确定性。 “恐慌指数”VIX盘中一度升破20关口，为今年5月份以来首次。由于周二的行情，道指抹平了今年全年的涨幅，转为累计下跌0.4%。与之相比，标普500指数还维持逾10%的年内涨幅，而纳指的累计涨幅约为25%。 美国国债20+年ETF-iShares(TLT) 被大量抛售，根据 美股大数据&nbsp;追踪，机构交易员们大量做空 TLT 图片来源：StockWe.com <a href=\"https://laohu8.com/S/.IXIC\">$纳斯达克(.IXIC)$</a> <a href=\"https://laohu8.com/S/.SPX\">$标</a>","text":"今日摘要 美国大型科技股全数收跌， $亚马逊(AMZN)$ 跌3.66%， $英伟达(NVDA)$ 跌2.82%； 美国10年期、30年期国债收益率双双刷新2007年以来的最高水平； 美债“投降式”被抛售； 热门中概股集体下跌，纳斯达克中国金龙指数跌2.24%； 英国监管机构将推动对亚马逊和微软云计算主导地位调查。 截至收盘，道琼斯指数跌1.29%，报33,002.38点，为今年3月份以来表现最差的一天，跌回去今年年初的起步价；标普500指数跌1.37%，报4,229.45点；纳斯达克综合指数跌1.87%，报13,059.47点。 原因是美国8月JOLTS职位空缺 961万人，远超预期的881万，较前值跳涨近70万，劳动力市场进一步收紧，坐实了投资者对美联储将面临更多压力在更长时间内维持更高利率的预期。 交易员对美联储在11月加息25个基点的押注小幅升至28%，对等到12月再加息的押注维持在39%。整体来说，认为今年不会再加息的概率约为54%，代表存在很大不确定性。 “恐慌指数”VIX盘中一度升破20关口，为今年5月份以来首次。由于周二的行情，道指抹平了今年全年的涨幅，转为累计下跌0.4%。与之相比，标普500指数还维持逾10%的年内涨幅，而纳指的累计涨幅约为25%。 美国国债20+年ETF-iShares(TLT) 被大量抛售，根据 美股大数据 追踪，机构交易员们大量做空 TLT 图片来源：StockWe.com $纳斯达克(.IXIC)$ $标","images":[{"img":"https://static.tigerbbs.com/a8c4c88a52a9d1263e35fd80b3dbfa0f","width":"1080","height":"686"},{"img":"https://static.tigerbbs.com/78e2533891c7837bb6c1c6a852411639","width":"1015","height":"462"},{"img":"https://static.tigerbbs.com/215a674d48cb0c1b6845766ca9052650","width":"1025","height":"646"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/226789069946944","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":4,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":517,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":223380383539304,"gmtCreate":1695505390351,"gmtModify":1695505391799,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/223380383539304","repostId":"222503332519976","repostType":1,"repost":{"id":222503332519976,"gmtCreate":1695342115525,"gmtModify":1695342143620,"author":{"id":"3527667688472228","authorId":"3527667688472228","name":"ETF小帮手","avatar":"https://static.tigerbbs.com/087e050021c7db2ae39b1cb7515b694d","crmLevel":1,"crmLevelSwitch":0},"themes":[],"title":"ETF追踪 | “木头姐”深信：“降息之日”将是主题投资的“高光时刻”！","htmlText":"摘要：ARK Innovation ETF（ARKK）今年上涨了约 31%，ARK 下一代互联网 ETF ( ARKW ) 上涨 43%。方舟投资(ARK)CEO凯西·伍德表示，当美联储降息时，投资者将涌向专注于热门主题的基金。伍德正在通过一项新收购加大投资策略的创新力度。作为ARK投资管理公司的创始人，她表示，欧洲央行可能会在2024年开始降息，这将有利于她多年来一直青睐的策略类型。ARK投资管理公司收购了另一家交易所交易基金发行人Rize ETF Limited，以大举进军欧洲新兴的趋势驱动型投资市场。伍德周三在接受采访时表示:“我认为，我们正处于大幅加息的另一边，那次加息确实破坏了很多表现。”“这是最重要的。我们已经准备好迎接黄金时段了。”尽管伍德承认，随着全球各国央行上调利率以对抗通胀，她的ETF去年表现不佳，但到目前为止，她旗下的大多数基金在2023年都实现了两位数的回报。她的旗舰基金<a href=\"https://laohu8.com/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>今年上涨了约31%。ARK下一代互联网ETF (ARKW)上涨了43%。她表示:“如果说有什么不同的话，那就是创新在困难时期会获得动力。”“我们的投资组合今年表现出色的原因——确实如此——是因为它们在日益艰难的环境中获得了更多的份额。一个接一个地，我们将重新赚钱——这一切都是关于收入增长和利润率扩大。”在周三的采访中，伍德还表示，美国汽车工人联合会(uaw)的罢工对ARK的核心投资<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a>来说可能是一个积极的发展。根据数据，特斯拉是ARKK的最大持仓公司。虽然可能会出现更多的生产短缺，但伍德表示，消费者的偏好正在转向价格一直在下降的电动汽车。她认为，“特斯拉只是","listText":"摘要：ARK Innovation ETF（ARKK）今年上涨了约 31%，ARK 下一代互联网 ETF ( ARKW ) 上涨 43%。方舟投资(ARK)CEO凯西·伍德表示，当美联储降息时，投资者将涌向专注于热门主题的基金。伍德正在通过一项新收购加大投资策略的创新力度。作为ARK投资管理公司的创始人，她表示，欧洲央行可能会在2024年开始降息，这将有利于她多年来一直青睐的策略类型。ARK投资管理公司收购了另一家交易所交易基金发行人Rize ETF Limited，以大举进军欧洲新兴的趋势驱动型投资市场。伍德周三在接受采访时表示:“我认为，我们正处于大幅加息的另一边，那次加息确实破坏了很多表现。”“这是最重要的。我们已经准备好迎接黄金时段了。”尽管伍德承认，随着全球各国央行上调利率以对抗通胀，她的ETF去年表现不佳，但到目前为止，她旗下的大多数基金在2023年都实现了两位数的回报。她的旗舰基金<a href=\"https://laohu8.com/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>今年上涨了约31%。ARK下一代互联网ETF (ARKW)上涨了43%。她表示:“如果说有什么不同的话，那就是创新在困难时期会获得动力。”“我们的投资组合今年表现出色的原因——确实如此——是因为它们在日益艰难的环境中获得了更多的份额。一个接一个地，我们将重新赚钱——这一切都是关于收入增长和利润率扩大。”在周三的采访中，伍德还表示，美国汽车工人联合会(uaw)的罢工对ARK的核心投资<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a>来说可能是一个积极的发展。根据数据，特斯拉是ARKK的最大持仓公司。虽然可能会出现更多的生产短缺，但伍德表示，消费者的偏好正在转向价格一直在下降的电动汽车。她认为，“特斯拉只是","text":"摘要：ARK Innovation ETF（ARKK）今年上涨了约 31%，ARK 下一代互联网 ETF ( ARKW ) 上涨 43%。方舟投资(ARK)CEO凯西·伍德表示，当美联储降息时，投资者将涌向专注于热门主题的基金。伍德正在通过一项新收购加大投资策略的创新力度。作为ARK投资管理公司的创始人，她表示，欧洲央行可能会在2024年开始降息，这将有利于她多年来一直青睐的策略类型。ARK投资管理公司收购了另一家交易所交易基金发行人Rize ETF Limited，以大举进军欧洲新兴的趋势驱动型投资市场。伍德周三在接受采访时表示:“我认为，我们正处于大幅加息的另一边，那次加息确实破坏了很多表现。”“这是最重要的。我们已经准备好迎接黄金时段了。”尽管伍德承认，随着全球各国央行上调利率以对抗通胀，她的ETF去年表现不佳，但到目前为止，她旗下的大多数基金在2023年都实现了两位数的回报。她的旗舰基金$ARK Innovation ETF(ARKK)$今年上涨了约31%。ARK下一代互联网ETF (ARKW)上涨了43%。她表示:“如果说有什么不同的话，那就是创新在困难时期会获得动力。”“我们的投资组合今年表现出色的原因——确实如此——是因为它们在日益艰难的环境中获得了更多的份额。一个接一个地，我们将重新赚钱——这一切都是关于收入增长和利润率扩大。”在周三的采访中，伍德还表示，美国汽车工人联合会(uaw)的罢工对ARK的核心投资$特斯拉(TSLA)$来说可能是一个积极的发展。根据数据，特斯拉是ARKK的最大持仓公司。虽然可能会出现更多的生产短缺，但伍德表示，消费者的偏好正在转向价格一直在下降的电动汽车。她认为，“特斯拉只是","images":[{"img":"https://static.tigerbbs.com/ef1fae0bad3c205d14a383a29854f036","width":"1000","height":"1000"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/222503332519976","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":466,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":219314103242752,"gmtCreate":1694581030249,"gmtModify":1694581031478,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/219314103242752","repostId":"210986166874152","repostType":1,"repost":{"id":210986166874152,"gmtCreate":1692529881857,"gmtModify":1692530230689,"author":{"id":"9000000000000038","authorId":"9000000000000038","name":"中文投资网","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0},"themes":[],"title":"8月回调月，但这些股拥有反弹机会，或有翻倍回报","htmlText":"到目前为止，八月份对于股市而言是一个动荡的月份。美国股指在本月内均是下跌的走势，其估值也正从高位跌落。标普500指数本月下跌了4%，纳斯达克指数则下跌了约6%。美联储7月份会议纪要显示，为控制通胀可能需要进一步收紧政策，这加剧了投资者的担忧。其他地区的市场同样也放缓了，Vanguard富时全球除美指数在过去一个月内是走低的。Wells Fargo Investment Institute高级全球市场策略师Sameer Samana表示：“我们认为，股票市场最近的停滞是由于长期利率急剧上升、对经济放缓和持续通胀的担忧，以及盈利疲软所致。”她在周二的一份报告中表示，该公司预测标普500指数将回撤至“关键支撑水平”，分别为50日移动平均线和200日移动平均线，即4,433和4,112。Samana补充道：“投资者应保持守势，等待更好的风险回报权衡。”尽管如此，仍有一些人对标普500指数持乐观态度，该指数周三报收于4,404点左右。CNBC的市场策略师调查显示，给予该指数的年底最高目标点位为4,900点，目标中值为4,450点。投资公司Sanders Morris Harris的董事长George Ball预测标普500指数将达到5,000点。他在周一的一份报告中表示，即使利率超过5%，公司也将展现出“令人瞩目”的超过盈利预期的能力。他说：“投资者应该保持正常的股票、债券和现金比例，但他们应该从大盘股和FANG类科技巨头股票转向中盘科技股，这些股票的估值更有吸引力。”仍有上升潜力的股票对于那些寻找本月出现回调但仍有上涨潜力股票的人，CNBC Pro对标普500指数和Vanguard富时全球除美指数进行了筛选。入选的股票都在8月份出现了下跌，但其平均目标价至少仍有30%的上涨潜力，并且至少有一半的分析师给予买入评级。入选的美国科技股包括Block((SQ))、PayPal((PYPL","listText":"到目前为止，八月份对于股市而言是一个动荡的月份。美国股指在本月内均是下跌的走势，其估值也正从高位跌落。标普500指数本月下跌了4%，纳斯达克指数则下跌了约6%。美联储7月份会议纪要显示，为控制通胀可能需要进一步收紧政策，这加剧了投资者的担忧。其他地区的市场同样也放缓了，Vanguard富时全球除美指数在过去一个月内是走低的。Wells Fargo Investment Institute高级全球市场策略师Sameer Samana表示：“我们认为，股票市场最近的停滞是由于长期利率急剧上升、对经济放缓和持续通胀的担忧，以及盈利疲软所致。”她在周二的一份报告中表示，该公司预测标普500指数将回撤至“关键支撑水平”，分别为50日移动平均线和200日移动平均线，即4,433和4,112。Samana补充道：“投资者应保持守势，等待更好的风险回报权衡。”尽管如此，仍有一些人对标普500指数持乐观态度，该指数周三报收于4,404点左右。CNBC的市场策略师调查显示，给予该指数的年底最高目标点位为4,900点，目标中值为4,450点。投资公司Sanders Morris Harris的董事长George Ball预测标普500指数将达到5,000点。他在周一的一份报告中表示，即使利率超过5%，公司也将展现出“令人瞩目”的超过盈利预期的能力。他说：“投资者应该保持正常的股票、债券和现金比例，但他们应该从大盘股和FANG类科技巨头股票转向中盘科技股，这些股票的估值更有吸引力。”仍有上升潜力的股票对于那些寻找本月出现回调但仍有上涨潜力股票的人，CNBC Pro对标普500指数和Vanguard富时全球除美指数进行了筛选。入选的股票都在8月份出现了下跌，但其平均目标价至少仍有30%的上涨潜力，并且至少有一半的分析师给予买入评级。入选的美国科技股包括Block((SQ))、PayPal((PYPL","text":"到目前为止，八月份对于股市而言是一个动荡的月份。美国股指在本月内均是下跌的走势，其估值也正从高位跌落。标普500指数本月下跌了4%，纳斯达克指数则下跌了约6%。美联储7月份会议纪要显示，为控制通胀可能需要进一步收紧政策，这加剧了投资者的担忧。其他地区的市场同样也放缓了，Vanguard富时全球除美指数在过去一个月内是走低的。Wells Fargo Investment Institute高级全球市场策略师Sameer Samana表示：“我们认为，股票市场最近的停滞是由于长期利率急剧上升、对经济放缓和持续通胀的担忧，以及盈利疲软所致。”她在周二的一份报告中表示，该公司预测标普500指数将回撤至“关键支撑水平”，分别为50日移动平均线和200日移动平均线，即4,433和4,112。Samana补充道：“投资者应保持守势，等待更好的风险回报权衡。”尽管如此，仍有一些人对标普500指数持乐观态度，该指数周三报收于4,404点左右。CNBC的市场策略师调查显示，给予该指数的年底最高目标点位为4,900点，目标中值为4,450点。投资公司Sanders Morris Harris的董事长George Ball预测标普500指数将达到5,000点。他在周一的一份报告中表示，即使利率超过5%，公司也将展现出“令人瞩目”的超过盈利预期的能力。他说：“投资者应该保持正常的股票、债券和现金比例，但他们应该从大盘股和FANG类科技巨头股票转向中盘科技股，这些股票的估值更有吸引力。”仍有上升潜力的股票对于那些寻找本月出现回调但仍有上涨潜力股票的人，CNBC Pro对标普500指数和Vanguard富时全球除美指数进行了筛选。入选的股票都在8月份出现了下跌，但其平均目标价至少仍有30%的上涨潜力，并且至少有一半的分析师给予买入评级。入选的美国科技股包括Block((SQ))、PayPal((PYPL","images":[{"img":"https://static.tigerbbs.com/eb018d2192eb4152960f27ca0039eef0"},{"img":"https://static.tigerbbs.com/8d6d02b144224803b21bf8bdd2bc7c00"},{"img":"https://static.tigerbbs.com/1d7e572ef9784b6bb96fc4993e9a7844"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/210986166874152","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":523,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":184898903347256,"gmtCreate":1686180644000,"gmtModify":1686180645394,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/184898903347256","repostId":"1194912632","repostType":4,"repost":{"id":"1194912632","pubTimestamp":1685880709,"share":"https://www.laohu8.com/m/news/1194912632?lang=&edition=full","pubTime":"2023-06-04 20:11","market":"us","language":"zh","title":"债务上限延期后，美国发债潮要来了，将“吸干”万亿流动性？","url":"https://stock-news.laohu8.com/highlight/detail?id=1194912632","media":"华尔街见闻","summary":"过去40年“大宽松时代”的完全逆转。","content":"<html><head></head><body><p>作者：周晓雯</p><p style=\"text-align: justify;\">随着美国总统拜登签署暂缓债务上限法案，笼罩市场多时的担忧阴影也暂时散去，但为了充实TGA账户，财政部即将大量发债，这意味着更大的“麻烦”可能已在酝酿。</p><p style=\"text-align: justify;\">本周，华尔街大行警告了大量美债发行对于流动性、以及股票和债券的影响。</p><p style=\"text-align: justify;\">摩根大通Nikolaos Panigirtzoglou估计，发债将加剧QT，使股票表现下跌近5%；花期银行的估计显示，在如此大规模的流动性缩减后，标普500指数在两个月内的跌幅中值可能达到5.4%，高收益债券息差可能出现37个基点的震荡。</p><p style=\"text-align: justify;\">贝伦贝格多资产策略主管Ulrich Urbahn则直白称：</p><blockquote><strong>我们认为股市将会大幅下跌。</strong></blockquote><blockquote>由于流动性枯竭，波动性不会激增。我们面临着糟糕的市场内部因素、负面的领先指标和流动性下降，这些都不利于股市。</blockquote><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/630d54ead14da16019b75232d2d57a87\" tg-width=\"640\" tg-height=\"344\"/></p><p style=\"text-align: justify;\">德意志银行利率策略师Steven Zeng在本周写道，通过票据供应激增而产生的国库现金余额可能导致银行准备金大幅减少，可能干扰美联储的量化紧缩政策。</p><p style=\"text-align: justify;\">华尔街“明星分析师”Michael Hartnett则在最新报告中表示，在全球央行QT以及美国财政部TGA账户补充下，全球未来3-4个月将减少超过1万亿美元流动性，可能接近1.5万亿美元。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6c1e02554fc37e57021d86854d00eb04\" tg-width=\"640\" tg-height=\"230\"/></p><p style=\"text-align: justify;\">与此同时，美国财政部已接近“弹尽粮绝”，举债迫在眉睫。</p><p style=\"text-align: justify;\">数据显示，周四财政部的现金余额降至仅228.92亿美元，达到了2015年10月的水平。</p><p style=\"text-align: justify;\">财政部周五在一份声明中说，截至5月31日，财政部仅剩330亿美元的特别措施来帮助维持政府账单的支付。</p><p style=\"text-align: justify;\"><strong>今年6月美债到期规模为1863亿美元，下半年共有1.57万亿美元国债到期。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3d1f94a47a7996c5bc4b1ff7564ab584\" tg-width=\"640\" tg-height=\"374\"/></p><p style=\"text-align: justify;\">彭博援引华尔街一些人士估计，<strong>到第三季度末，财政部的举债规模可能超过1万亿美元，大量流动性将会被“吸回”财政部。</strong></p><p style=\"text-align: justify;\">加上美联储QT政策，Panigirtzoglou预计流动性指标将以每年6%的速度下降，与过去10年大部分时间内的增长形成鲜明对比：</p><blockquote>这是一个非常大的流动性流失。我们很少看到这样的事情。<strong>只有在像雷曼危机这样严重的崩溃中，你才会看到这种收缩。</strong></blockquote><h2 style=\"text-align: start;\">谁会“接盘”？</h2><p style=\"text-align: justify;\">财政部举债的预期已然明朗，现在的问题是，谁会来接这个盘？</p><p style=\"text-align: justify;\">一般而言，短期国库券有各种各样的买家：<strong>银行、货币市场基金，以及家庭、养老基金和公司债券等“非银行”买家。</strong></p><p style=\"text-align: justify;\">彭博指出，目前银行对国库券的兴趣有限，它所能提供的收益不太可能与他们自身储备所获得的收益相竞争。</p><p style=\"text-align: justify;\">但即使银行不参与美债拍卖，其客户将存款转投美债也会对其造成损害。</p><p style=\"text-align: justify;\">花旗银行预计，<strong>银行储备可能在12周内减少5000亿美元。</strong></p><p style=\"text-align: justify;\">货币市场共同基金是较为理想的买家，因为他们将从自己的资金池中购买资产，从而保持银行准备金不变。他们历来是美债最主要的买家，但最近情况也发生了改变——他们更青睐美联储逆回购提供的更高收益率。</p><p style=\"text-align: justify;\">除此之外，无论哪家机构决定购买美国国债，<strong>预计都将通过清算银行存款来腾出资金，从而损害银行储备、加剧资本外逃，进而影响金融体系稳定。</strong></p><p style=\"text-align: justify;\">值得注意的是，<strong>在流动性骤然收紧的预期下，美联储6月加息的预期已经微弱</strong>——因为紧缩已经以另一种形式发生。</p><p style=\"text-align: justify;\">芝商所数据显示，目前市场预期美联储将在6月不加息的概率为74.7%，加息25基点的概率为25.3%。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c60475334579cd6cfabae310ec45941e\" tg-width=\"640\" tg-height=\"276\"/></p></body></html>","source":"live_wallstreetcn","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>债务上限延期后，美国发债潮要来了，将“吸干”万亿流动性？</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n债务上限延期后，美国发债潮要来了，将“吸干”万亿流动性？\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-04 20:11 北京时间&nbsp;&nbsp;&nbsp;<a href=https://wallstreetcn.com/articles/3690285><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>作者：周晓雯随着美国总统拜登签署暂缓债务上限法案，笼罩市场多时的担忧阴影也暂时散去，但为了充实TGA账户，财政部即将大量发债，这意味着更大的“麻烦”可能已在酝酿。本周，华尔街大行警告了大量美债发行对于流动性、以及股票和债券的影响。摩根大通Nikolaos Panigirtzoglou估计，发债将加剧QT，使股票表现下跌近5%；花期银行的估计显示，在如此大规模的流动性缩减后，标普500指数在两个月内...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3690285\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/cfe8ba21c8b5ac2b562fdf822ed7fcb2","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://wallstreetcn.com/articles/3690285","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1194912632","content_text":"作者：周晓雯随着美国总统拜登签署暂缓债务上限法案，笼罩市场多时的担忧阴影也暂时散去，但为了充实TGA账户，财政部即将大量发债，这意味着更大的“麻烦”可能已在酝酿。本周，华尔街大行警告了大量美债发行对于流动性、以及股票和债券的影响。摩根大通Nikolaos Panigirtzoglou估计，发债将加剧QT，使股票表现下跌近5%；花期银行的估计显示，在如此大规模的流动性缩减后，标普500指数在两个月内的跌幅中值可能达到5.4%，高收益债券息差可能出现37个基点的震荡。贝伦贝格多资产策略主管Ulrich Urbahn则直白称：我们认为股市将会大幅下跌。由于流动性枯竭，波动性不会激增。我们面临着糟糕的市场内部因素、负面的领先指标和流动性下降，这些都不利于股市。德意志银行利率策略师Steven Zeng在本周写道，通过票据供应激增而产生的国库现金余额可能导致银行准备金大幅减少，可能干扰美联储的量化紧缩政策。华尔街“明星分析师”Michael Hartnett则在最新报告中表示，在全球央行QT以及美国财政部TGA账户补充下，全球未来3-4个月将减少超过1万亿美元流动性，可能接近1.5万亿美元。与此同时，美国财政部已接近“弹尽粮绝”，举债迫在眉睫。数据显示，周四财政部的现金余额降至仅228.92亿美元，达到了2015年10月的水平。财政部周五在一份声明中说，截至5月31日，财政部仅剩330亿美元的特别措施来帮助维持政府账单的支付。今年6月美债到期规模为1863亿美元，下半年共有1.57万亿美元国债到期。彭博援引华尔街一些人士估计，到第三季度末，财政部的举债规模可能超过1万亿美元，大量流动性将会被“吸回”财政部。加上美联储QT政策，Panigirtzoglou预计流动性指标将以每年6%的速度下降，与过去10年大部分时间内的增长形成鲜明对比：这是一个非常大的流动性流失。我们很少看到这样的事情。只有在像雷曼危机这样严重的崩溃中，你才会看到这种收缩。谁会“接盘”？财政部举债的预期已然明朗，现在的问题是，谁会来接这个盘？一般而言，短期国库券有各种各样的买家：银行、货币市场基金，以及家庭、养老基金和公司债券等“非银行”买家。彭博指出，目前银行对国库券的兴趣有限，它所能提供的收益不太可能与他们自身储备所获得的收益相竞争。但即使银行不参与美债拍卖，其客户将存款转投美债也会对其造成损害。花旗银行预计，银行储备可能在12周内减少5000亿美元。货币市场共同基金是较为理想的买家，因为他们将从自己的资金池中购买资产，从而保持银行准备金不变。他们历来是美债最主要的买家，但最近情况也发生了改变——他们更青睐美联储逆回购提供的更高收益率。除此之外，无论哪家机构决定购买美国国债，预计都将通过清算银行存款来腾出资金，从而损害银行储备、加剧资本外逃，进而影响金融体系稳定。值得注意的是，在流动性骤然收紧的预期下，美联储6月加息的预期已经微弱——因为紧缩已经以另一种形式发生。芝商所数据显示，目前市场预期美联储将在6月不加息的概率为74.7%，加息25基点的概率为25.3%。","news_type":1},"isVote":1,"tweetType":1,"viewCount":1312,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":184898479673400,"gmtCreate":1686180540563,"gmtModify":1686180541953,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/184898479673400","repostId":"1103856726","repostType":4,"repost":{"id":"1103856726","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1685955605,"share":"https://www.laohu8.com/m/news/1103856726?lang=&edition=full","pubTime":"2023-06-05 17:00","market":"us","language":"zh","title":"异动 | AI概念股普跌，C3.ai跌超4%；高管减持，爱彼迎下挫","url":"https://stock-news.laohu8.com/highlight/detail?id=1103856726","media":"老虎资讯综合","summary":"6月5日，美股指期货涨跌不一，道指期货涨0.17%，纳指期货跌0.20%，标普500指数期货涨0.02%。Palo Alto Networks盘前涨超5%，Dish Network跌超1%。Palo ","content":"<html><head></head><body><p>6月5日，美股指期货涨跌不一，道指期货涨0.17%，纳指期货跌0.20%，标普500指数期货涨0.02%。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0470211027603b4fa52dcb77b1e0ed68\" title=\"\" tg-width=\"431\" tg-height=\"193\"/></p><p><a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks</a>盘前涨超5%，Dish Network跌超1%。<a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks</a>将取代Dish Network成为标普500指数成分股。</p><p><a href=\"https://laohu8.com/S/XOM\">埃克森美孚</a>、<a href=\"https://laohu8.com/S/CVX\">雪佛龙</a>盘前均涨超1%。消息面上，<a href=\"https://laohu8.com/S/XOM\">埃克森美孚</a>和<a href=\"https://laohu8.com/S/CVX\">雪佛龙</a>正在就在阿尔及利亚开采天然气进行高级谈判，双方就开采天然气的谈判即将达成协议。</p><p>Day One Biopharmaceuticals Inc盘前涨超36%，Tovorafenib在儿科癌症2期研究中显示出 &#34;持久反应 &#34;。</p><p><a href=\"https://laohu8.com/S/ABNB\">爱彼迎</a>盘前跌近3%，董事售出35万股普通股股份。</p><p>AI概念股盘前普跌，<a href=\"https://laohu8.com/S/AI\">C3.ai</a>超4%，<a href=\"https://laohu8.com/S/PLTR\">Palantir</a>跌超2%，<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>、<a href=\"https://laohu8.com/S/PATH\">UiPath</a>、<a href=\"https://laohu8.com/S/AMD\">AMD</a>跌超1%；</p><p><a href=\"https://laohu8.com/S/YJ\">云集</a>盘前跌近17%，Q1营收同比下滑48%。</p><p>Mallinckrodt盘前大跌20%，或将再次申请破产。</p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>异动 | AI概念股普跌，C3.ai跌超4%；高管减持，爱彼迎下挫</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n异动 | AI概念股普跌，C3.ai跌超4%；高管减持，爱彼迎下挫\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2023-06-05 17:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>6月5日，美股指期货涨跌不一，道指期货涨0.17%，纳指期货跌0.20%，标普500指数期货涨0.02%。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0470211027603b4fa52dcb77b1e0ed68\" title=\"\" tg-width=\"431\" tg-height=\"193\"/></p><p><a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks</a>盘前涨超5%，Dish Network跌超1%。<a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks</a>将取代Dish Network成为标普500指数成分股。</p><p><a href=\"https://laohu8.com/S/XOM\">埃克森美孚</a>、<a href=\"https://laohu8.com/S/CVX\">雪佛龙</a>盘前均涨超1%。消息面上，<a href=\"https://laohu8.com/S/XOM\">埃克森美孚</a>和<a href=\"https://laohu8.com/S/CVX\">雪佛龙</a>正在就在阿尔及利亚开采天然气进行高级谈判，双方就开采天然气的谈判即将达成协议。</p><p>Day One Biopharmaceuticals Inc盘前涨超36%，Tovorafenib在儿科癌症2期研究中显示出 &#34;持久反应 &#34;。</p><p><a href=\"https://laohu8.com/S/ABNB\">爱彼迎</a>盘前跌近3%，董事售出35万股普通股股份。</p><p>AI概念股盘前普跌，<a href=\"https://laohu8.com/S/AI\">C3.ai</a>超4%，<a href=\"https://laohu8.com/S/PLTR\">Palantir</a>跌超2%，<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>、<a href=\"https://laohu8.com/S/PATH\">UiPath</a>、<a href=\"https://laohu8.com/S/AMD\">AMD</a>跌超1%；</p><p><a href=\"https://laohu8.com/S/YJ\">云集</a>盘前跌近17%，Q1营收同比下滑48%。</p><p>Mallinckrodt盘前大跌20%，或将再次申请破产。</p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5d1fe578ee46cbe0d24c33435ff25ae5","relate_stocks":{".IXIC":"NASDAQ Composite","BK4566":"资本集团",".DJI":"道琼斯","BK4587":"ChatGPT概念","BK4142":"酒店、度假村与豪华游轮","AI":"C3.ai, Inc.","BK4551":"寇图资本持仓",".SPX":"S&P 500 Index","BK4535":"淡马锡持仓","ABNB":"爱彼迎","BK4543":"AI","BK4585":"ETF&股票定投概念","BK4561":"索罗斯持仓","BK4505":"高瓴资本持仓","BK4528":"SaaS概念","BK4588":"碎股","BK4023":"应用软件"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103856726","content_text":"6月5日，美股指期货涨跌不一，道指期货涨0.17%，纳指期货跌0.20%，标普500指数期货涨0.02%。Palo Alto Networks盘前涨超5%，Dish Network跌超1%。Palo Alto Networks将取代Dish Network成为标普500指数成分股。埃克森美孚、雪佛龙盘前均涨超1%。消息面上，埃克森美孚和雪佛龙正在就在阿尔及利亚开采天然气进行高级谈判，双方就开采天然气的谈判即将达成协议。Day One Biopharmaceuticals Inc盘前涨超36%，Tovorafenib在儿科癌症2期研究中显示出 \"持久反应 \"。爱彼迎盘前跌近3%，董事售出35万股普通股股份。AI概念股盘前普跌，C3.ai超4%，Palantir跌超2%，英伟达、UiPath、AMD跌超1%；云集盘前跌近17%，Q1营收同比下滑48%。Mallinckrodt盘前大跌20%，或将再次申请破产。","news_type":1},"isVote":1,"tweetType":1,"viewCount":563,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":184898375086120,"gmtCreate":1686180492892,"gmtModify":1686180494308,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/184898375086120","repostId":"1109003669","repostType":4,"repost":{"id":"1109003669","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1685950394,"share":"https://www.laohu8.com/m/news/1109003669?lang=&edition=full","pubTime":"2023-06-05 15:33","market":"us","language":"zh","title":"热点观察 | 英伟达遭顶级投资人减持，AI行情结束了？","url":"https://stock-news.laohu8.com/highlight/detail?id=1109003669","media":"老虎资讯综合","summary":"AI估值太高。","content":"<html><head></head><body><p>周一盘前，英伟达继续回调，截至发稿跌幅近2%。上周，我们见证了英伟达盘中突破一万亿美元市值的“盛景”，也见证了C3.ai的大涨大跌，人工智能行情的热潮，越来越让投资者躁动难耐。不过此时，一阵“冷风”吹了过来——老牌资管机构Edmond de Rothschild Asset Management被曝出正在减持英伟达。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/53696c47cc48f4cd263bc35872af0c07\" title=\"\" tg-width=\"449\" tg-height=\"128\"/></p><p>该机构的全球首席投资官(CIO)Benjamin Melman透露，公司自2020年底以来一直超配英伟达，但目前已部分获利了结，现在所持头寸“要远远小得多”。<strong>减持的理由是“AI估值太高……如果(估值)继续增长，我们甚至会变得更加谨慎。”</strong></p><p>Edmond de Rothschild Asset Management的总部位于瑞士日内瓦，为拥有200多年历史的欧洲老牌金融世家罗斯柴尔德（Rothschild）家族所有。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f9c465454ddd92ac8a46559ed6ed14a3\" title=\"\" tg-width=\"800\" tg-height=\"535\"/></p><p>与此同时，<strong>另外同样高位套现的还有被誉为“估值教父”的当代著名投资估值专家阿斯沃斯·达摩达兰。</strong></p><p>根据相关媒体报道，达摩达兰从2017年开始就投资了英伟达。5月30日，达摩达兰称，“直到今天早上英伟达还在我的投资组合里，最后把它剔除出投资组合，因为我无法承受这样的上涨，一周内市值就增加了3000亿美元，这是在挑战可持续价值的绝对极限。”</p><p>换句话说，<strong>达摩达兰清仓了英伟达。</strong></p><p>此外，著名的“木头姐”凯茜•伍德也对英伟达的估值表达了忧虑。她日前称，这家全球市值最高的芯片制造商“定价超前”。“自2014年以来，方舟投资一直认为英伟达比大多数其他芯片公司更早看到了人工智能的未来，现在我们相信它将继续为人工智能时代提供动力。然而，按照今年预期营收的25倍（市销率）计算，英伟达的定价还是走在曲线前面。”</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7aae5363894ef3cfb5072e1cd5479a86\" title=\"\" tg-width=\"1066\" tg-height=\"310\"/></p><p>更有说服力的是英伟达EVP、CFO Kress Colette于美国时间2023年5月30日持续出售公司股权。Kress Colette一共出售6124股英伟达股权，减持均价在400.254美元到417.79美元，一共套现约249万美元。</p><p><img src=\"https://static.tigerbbs.com/ec98f64c5bba4ee2af9f05198f61c781\" alt=\"\"/>虽然Kress Colette此番套现并不多，但象征意义更大。</p><p><strong>英伟达存在的“隐患”</strong></p><p>根据达摩达兰的预估，目前在人工智能芯片行业，英伟达市占率为80%，市场规模为250亿美元。即使十年之后该行业的规模达到3500亿，英伟达市占率达到100%，也不足以支撑目前英伟达的市值。</p><p><strong>营收远远不如阿里，市值却是后者的4倍！</strong>财报显示，截至2023年4月30日的季度，英伟达营收为71.9亿美元，较上年同期的82.88亿美元下降13%，较上一季度的60.51亿美元增长19%。而阿里巴巴上一季度的营收超303亿美元，净利润超32亿美元。</p><p>虽然英伟达的业绩趋势很好，但英伟达的营收和利润规模远远落后于腾讯与阿里，市值却已是腾讯的2.4倍，更是阿里的4.5倍。虽然人工智能的想象空间较为长远，但这样的反差依然令人感到惊讶。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1cda0286dcf43ee76053436ed92fc3ff\" title=\"\" tg-width=\"1407\" tg-height=\"1908\"/></p><p>参考特斯拉，其巅峰的时刻市值也突破了万亿美元大关，让新能源汽车行业的估值得以重估，但是随着风口过后，特斯拉的股价一路大跌，跌幅最高超过了70%，目前英伟达可能面临和当时特斯拉一样的局面，但由于AI的风口仅仅只是开始，后续英伟达的走势较难判断，但头部投资者对此产生分歧已经是不争的现实。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/695549888e3f622455580acafe93a286\" title=\"\" tg-width=\"1407\" tg-height=\"1996\"/></p><p><strong>历史教训：暴涨与集中，往往带来泡沫</strong></p><p><strong>有华尔街最准分析师之称的美国银行策略师Michael Hartnett最新表示，人工智能领域处于“婴儿泡沫”时期，这是5月份主导市场的主题。</strong>而过去的泡沫总是以“宽松货币”开始，以加息结束。他援引了1999年的教训，当时互联网股的上涨和强劲的经济数据促使美联储重启货币紧缩政策，9个月后科技股泡沫破裂。</p><p style=\"text-align: justify;\">华尔街日报最新的分析文章称，考虑将资金投入AI领域的投资者，需要先有一点真正的智能。由ChatGPT引爆的AI炒作，正在迅速变成一个迷你泡沫。无需回顾太久远的历史，就能知道押注这类热门新主题，可以让投资组合有多快陷入冷冻状态。</p><p>同时，美股涨幅的“集中度”也越来越高。年初至今，苹果、特斯拉、<a href=\"https://laohu8.com/S/MSFT\">微软</a>、<a href=\"https://laohu8.com/S/GOOG\">谷歌</a>、<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>、Meta、英伟达这七大科技股贡献了今年以来标普指数绝大部分涨幅，而这七只股票动态PE达到30.3倍，而剩下的493只股票只有15.9倍。</p><p>一季度美股反弹的广度“以某些指标衡量是有史以来最弱的”，领涨股票的数量是自1990年代以来最少的。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9d2b0cfa7074dc46e5c961eb3363295d\" title=\"\" tg-width=\"928\" tg-height=\"708\"/></p><p>从历史上看，<strong>过于集中并不是好事，每每当美股由单一行业或者少数巨头主导后，往往会伴随一轮调整</strong>：</p><blockquote>1980年代能源板块占标普500指数的比重最高时达到26%，但伴随着油价的下跌，能源股独领风骚的时代被终结。</blockquote><blockquote>随后登场的是科技股，2000年科技股占标普500指数的比重飙升至30%以上，很快，网络泡沫破裂！</blockquote><p>综上所述，当英伟达被顶部投资者减持的时候，这未必是乐曲的终章，但真的很值得警惕。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>热点观察 | 英伟达遭顶级投资人减持，AI行情结束了？</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n热点观察 | 英伟达遭顶级投资人减持，AI行情结束了？\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2023-06-05 15:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>周一盘前，英伟达继续回调，截至发稿跌幅近2%。上周，我们见证了英伟达盘中突破一万亿美元市值的“盛景”，也见证了C3.ai的大涨大跌，人工智能行情的热潮，越来越让投资者躁动难耐。不过此时，一阵“冷风”吹了过来——老牌资管机构Edmond de Rothschild Asset Management被曝出正在减持英伟达。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/53696c47cc48f4cd263bc35872af0c07\" title=\"\" tg-width=\"449\" tg-height=\"128\"/></p><p>该机构的全球首席投资官(CIO)Benjamin Melman透露，公司自2020年底以来一直超配英伟达，但目前已部分获利了结，现在所持头寸“要远远小得多”。<strong>减持的理由是“AI估值太高……如果(估值)继续增长，我们甚至会变得更加谨慎。”</strong></p><p>Edmond de Rothschild Asset Management的总部位于瑞士日内瓦，为拥有200多年历史的欧洲老牌金融世家罗斯柴尔德（Rothschild）家族所有。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f9c465454ddd92ac8a46559ed6ed14a3\" title=\"\" tg-width=\"800\" tg-height=\"535\"/></p><p>与此同时，<strong>另外同样高位套现的还有被誉为“估值教父”的当代著名投资估值专家阿斯沃斯·达摩达兰。</strong></p><p>根据相关媒体报道，达摩达兰从2017年开始就投资了英伟达。5月30日，达摩达兰称，“直到今天早上英伟达还在我的投资组合里，最后把它剔除出投资组合，因为我无法承受这样的上涨，一周内市值就增加了3000亿美元，这是在挑战可持续价值的绝对极限。”</p><p>换句话说，<strong>达摩达兰清仓了英伟达。</strong></p><p>此外，著名的“木头姐”凯茜•伍德也对英伟达的估值表达了忧虑。她日前称，这家全球市值最高的芯片制造商“定价超前”。“自2014年以来，方舟投资一直认为英伟达比大多数其他芯片公司更早看到了人工智能的未来，现在我们相信它将继续为人工智能时代提供动力。然而，按照今年预期营收的25倍（市销率）计算，英伟达的定价还是走在曲线前面。”</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7aae5363894ef3cfb5072e1cd5479a86\" title=\"\" tg-width=\"1066\" tg-height=\"310\"/></p><p>更有说服力的是英伟达EVP、CFO Kress Colette于美国时间2023年5月30日持续出售公司股权。Kress Colette一共出售6124股英伟达股权，减持均价在400.254美元到417.79美元，一共套现约249万美元。</p><p><img src=\"https://static.tigerbbs.com/ec98f64c5bba4ee2af9f05198f61c781\" alt=\"\"/>虽然Kress Colette此番套现并不多，但象征意义更大。</p><p><strong>英伟达存在的“隐患”</strong></p><p>根据达摩达兰的预估，目前在人工智能芯片行业，英伟达市占率为80%，市场规模为250亿美元。即使十年之后该行业的规模达到3500亿，英伟达市占率达到100%，也不足以支撑目前英伟达的市值。</p><p><strong>营收远远不如阿里，市值却是后者的4倍！</strong>财报显示，截至2023年4月30日的季度，英伟达营收为71.9亿美元，较上年同期的82.88亿美元下降13%，较上一季度的60.51亿美元增长19%。而阿里巴巴上一季度的营收超303亿美元，净利润超32亿美元。</p><p>虽然英伟达的业绩趋势很好，但英伟达的营收和利润规模远远落后于腾讯与阿里，市值却已是腾讯的2.4倍，更是阿里的4.5倍。虽然人工智能的想象空间较为长远，但这样的反差依然令人感到惊讶。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1cda0286dcf43ee76053436ed92fc3ff\" title=\"\" tg-width=\"1407\" tg-height=\"1908\"/></p><p>参考特斯拉，其巅峰的时刻市值也突破了万亿美元大关，让新能源汽车行业的估值得以重估，但是随着风口过后，特斯拉的股价一路大跌，跌幅最高超过了70%，目前英伟达可能面临和当时特斯拉一样的局面，但由于AI的风口仅仅只是开始，后续英伟达的走势较难判断，但头部投资者对此产生分歧已经是不争的现实。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/695549888e3f622455580acafe93a286\" title=\"\" tg-width=\"1407\" tg-height=\"1996\"/></p><p><strong>历史教训：暴涨与集中，往往带来泡沫</strong></p><p><strong>有华尔街最准分析师之称的美国银行策略师Michael Hartnett最新表示，人工智能领域处于“婴儿泡沫”时期，这是5月份主导市场的主题。</strong>而过去的泡沫总是以“宽松货币”开始，以加息结束。他援引了1999年的教训，当时互联网股的上涨和强劲的经济数据促使美联储重启货币紧缩政策，9个月后科技股泡沫破裂。</p><p style=\"text-align: justify;\">华尔街日报最新的分析文章称，考虑将资金投入AI领域的投资者，需要先有一点真正的智能。由ChatGPT引爆的AI炒作，正在迅速变成一个迷你泡沫。无需回顾太久远的历史，就能知道押注这类热门新主题，可以让投资组合有多快陷入冷冻状态。</p><p>同时，美股涨幅的“集中度”也越来越高。年初至今，苹果、特斯拉、<a href=\"https://laohu8.com/S/MSFT\">微软</a>、<a href=\"https://laohu8.com/S/GOOG\">谷歌</a>、<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>、Meta、英伟达这七大科技股贡献了今年以来标普指数绝大部分涨幅，而这七只股票动态PE达到30.3倍，而剩下的493只股票只有15.9倍。</p><p>一季度美股反弹的广度“以某些指标衡量是有史以来最弱的”，领涨股票的数量是自1990年代以来最少的。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9d2b0cfa7074dc46e5c961eb3363295d\" title=\"\" tg-width=\"928\" tg-height=\"708\"/></p><p>从历史上看，<strong>过于集中并不是好事，每每当美股由单一行业或者少数巨头主导后，往往会伴随一轮调整</strong>：</p><blockquote>1980年代能源板块占标普500指数的比重最高时达到26%，但伴随着油价的下跌，能源股独领风骚的时代被终结。</blockquote><blockquote>随后登场的是科技股，2000年科技股占标普500指数的比重飙升至30%以上，很快，网络泡沫破裂！</blockquote><p>综上所述，当英伟达被顶部投资者减持的时候，这未必是乐曲的终章，但真的很值得警惕。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7c5a6a288c815d47eb45d23205e2dff1","relate_stocks":{"NVDA":"英伟达"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109003669","content_text":"周一盘前，英伟达继续回调，截至发稿跌幅近2%。上周，我们见证了英伟达盘中突破一万亿美元市值的“盛景”，也见证了C3.ai的大涨大跌，人工智能行情的热潮，越来越让投资者躁动难耐。不过此时，一阵“冷风”吹了过来——老牌资管机构Edmond de Rothschild Asset Management被曝出正在减持英伟达。该机构的全球首席投资官(CIO)Benjamin Melman透露，公司自2020年底以来一直超配英伟达，但目前已部分获利了结，现在所持头寸“要远远小得多”。减持的理由是“AI估值太高……如果(估值)继续增长，我们甚至会变得更加谨慎。”Edmond de Rothschild Asset Management的总部位于瑞士日内瓦，为拥有200多年历史的欧洲老牌金融世家罗斯柴尔德（Rothschild）家族所有。与此同时，另外同样高位套现的还有被誉为“估值教父”的当代著名投资估值专家阿斯沃斯·达摩达兰。根据相关媒体报道，达摩达兰从2017年开始就投资了英伟达。5月30日，达摩达兰称，“直到今天早上英伟达还在我的投资组合里，最后把它剔除出投资组合，因为我无法承受这样的上涨，一周内市值就增加了3000亿美元，这是在挑战可持续价值的绝对极限。”换句话说，达摩达兰清仓了英伟达。此外，著名的“木头姐”凯茜•伍德也对英伟达的估值表达了忧虑。她日前称，这家全球市值最高的芯片制造商“定价超前”。“自2014年以来，方舟投资一直认为英伟达比大多数其他芯片公司更早看到了人工智能的未来，现在我们相信它将继续为人工智能时代提供动力。然而，按照今年预期营收的25倍（市销率）计算，英伟达的定价还是走在曲线前面。”更有说服力的是英伟达EVP、CFO Kress Colette于美国时间2023年5月30日持续出售公司股权。Kress Colette一共出售6124股英伟达股权，减持均价在400.254美元到417.79美元，一共套现约249万美元。虽然Kress Colette此番套现并不多，但象征意义更大。英伟达存在的“隐患”根据达摩达兰的预估，目前在人工智能芯片行业，英伟达市占率为80%，市场规模为250亿美元。即使十年之后该行业的规模达到3500亿，英伟达市占率达到100%，也不足以支撑目前英伟达的市值。营收远远不如阿里，市值却是后者的4倍！财报显示，截至2023年4月30日的季度，英伟达营收为71.9亿美元，较上年同期的82.88亿美元下降13%，较上一季度的60.51亿美元增长19%。而阿里巴巴上一季度的营收超303亿美元，净利润超32亿美元。虽然英伟达的业绩趋势很好，但英伟达的营收和利润规模远远落后于腾讯与阿里，市值却已是腾讯的2.4倍，更是阿里的4.5倍。虽然人工智能的想象空间较为长远，但这样的反差依然令人感到惊讶。参考特斯拉，其巅峰的时刻市值也突破了万亿美元大关，让新能源汽车行业的估值得以重估，但是随着风口过后，特斯拉的股价一路大跌，跌幅最高超过了70%，目前英伟达可能面临和当时特斯拉一样的局面，但由于AI的风口仅仅只是开始，后续英伟达的走势较难判断，但头部投资者对此产生分歧已经是不争的现实。历史教训：暴涨与集中，往往带来泡沫有华尔街最准分析师之称的美国银行策略师Michael Hartnett最新表示，人工智能领域处于“婴儿泡沫”时期，这是5月份主导市场的主题。而过去的泡沫总是以“宽松货币”开始，以加息结束。他援引了1999年的教训，当时互联网股的上涨和强劲的经济数据促使美联储重启货币紧缩政策，9个月后科技股泡沫破裂。华尔街日报最新的分析文章称，考虑将资金投入AI领域的投资者，需要先有一点真正的智能。由ChatGPT引爆的AI炒作，正在迅速变成一个迷你泡沫。无需回顾太久远的历史，就能知道押注这类热门新主题，可以让投资组合有多快陷入冷冻状态。同时，美股涨幅的“集中度”也越来越高。年初至今，苹果、特斯拉、微软、谷歌、亚马逊、Meta、英伟达这七大科技股贡献了今年以来标普指数绝大部分涨幅，而这七只股票动态PE达到30.3倍，而剩下的493只股票只有15.9倍。一季度美股反弹的广度“以某些指标衡量是有史以来最弱的”，领涨股票的数量是自1990年代以来最少的。从历史上看，过于集中并不是好事，每每当美股由单一行业或者少数巨头主导后，往往会伴随一轮调整：1980年代能源板块占标普500指数的比重最高时达到26%，但伴随着油价的下跌，能源股独领风骚的时代被终结。随后登场的是科技股，2000年科技股占标普500指数的比重飙升至30%以上，很快，网络泡沫破裂！综上所述，当英伟达被顶部投资者减持的时候，这未必是乐曲的终章，但真的很值得警惕。","news_type":1},"isVote":1,"tweetType":1,"viewCount":452,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":184898028970136,"gmtCreate":1686180489319,"gmtModify":1686180490806,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/184898028970136","repostId":"1109003669","repostType":4,"isVote":1,"tweetType":1,"viewCount":675,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":182391504810016,"gmtCreate":1685537786926,"gmtModify":1685537789097,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/182391504810016","repostId":"2339540762","repostType":4,"repost":{"id":"2339540762","pubTimestamp":1685516036,"share":"https://www.laohu8.com/m/news/2339540762?lang=&edition=full","pubTime":"2023-05-31 14:53","market":"us","language":"zh","title":"AI热潮不只有英伟达，木头姐：软件股是下一个目标","url":"https://stock-news.laohu8.com/highlight/detail?id=2339540762","media":"智通财经","summary":"方舟投资管理公司(Ark Investment Management)首席执行官凯茜•伍德(Cathie Wood)周三表示，软件供应商将是下一个搭上由英伟达(NVDA.US)推动的人工智能热潮的人。","content":"<html><head></head><body><p>方舟投资管理公司(Ark Investment Management)首席执行官凯茜•伍德(Cathie Wood)周三表示，软件供应商将是下一个搭上由<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>(NVDA.US)推动的人工智能热潮的人。她称:“我们正在寻找那些软件供应商，他们现在实际上和我们第一次买入英伟达时一样。虽然随着时间的推移，英伟达有望取得好成绩，但方舟基金正在迈向下一个目标。”</p><p>据了解，方舟旗舰基金<a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a>在今年1月减持了英伟达的股票，错失了让这家芯片制造商市值短暂突破1万亿美元的史诗般的涨势。对此，伍德为自己抛售英伟达股票的决定进行了辩护，称其对计算机芯片行业的繁荣-萧条周期感到担忧，并称其“定价超前”。</p><p>相反，伍德把赌注押在了软件类股上，她预计这些股票最终会增长到英伟达的规模，并以<a href=\"https://laohu8.com/S/PATH\">UiPath</a>、Twilio和Teladoc Health为例，伍德的基金持有这三只股票。</p><p>伍德表示:“英伟达每销售1美元的硬件，软件提供商和SaaS提供商将获得8美元的收入。”</p><p>据悉，伍德押注的是三家已远低于高点的公司。其中总部位于纽约的UiPath在2021年上市后涨至每股85美元以上，此后下跌了约80%。此外，总部位于旧金山的Twilio从2021年的峰值下跌了85%，及Teladoc Health从同年的高点下跌了90%以上。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/991e05c5846cb7dcf5b503aecd4e2c2c\" tg-width=\"1079\" tg-height=\"608\"/></p><p>最后，伍德重申，<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>是“最大的人工智能游戏”，并预计该公司股价会因其自动驾驶技术从目前的200美元左右升至2027年的2000美元。</p><p>伍德表示:“我们相信，到2038年，全球自动驾驶出租车平台将从几乎为零的水平创造10万亿美元的收入。很多人认为特斯拉是一只汽车股。我们不这么认为，我们认为它远不止于此。”</p><p>值得一提的是，Ark Innovation ETF自2月初的峰值以来已经下跌了10%以上，而同期纳斯达克100指数则上涨了12%。</p></body></html>","source":"stock_zhitongcaijing","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" 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Wood)周三表示，软件供应商将是下一个搭上由英伟达(NVDA.US)推动的人工智能热潮的人。她称:“我们正在寻找那些软件供应商，他们现在实际上和我们第一次买入英伟达时一样。虽然随着时间的推移，英伟达有望取得好成绩，但方舟基金正在迈向下一个目标。”据了解，方舟旗舰基金ARK ...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/938213.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0fb0479ff67cd3a760cdce353bcb60ed","relate_stocks":{"LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4581":"高盛持仓","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","BK4549":"软银资本持仓","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4548":"巴美列捷福持仓","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4529":"IDC概念","LU1923622614.USD":"Natixis Thematics Meta R/A USD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0079474960.USD":"联博美国增长基金A","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","BK4534":"瑞士信贷持仓","BK4567":"ESG概念","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0056508442.USD":"贝莱德世界科技基金A2","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0109392836.USD":"富兰克林科技股A","BK4587":"ChatGPT概念","ARKK":"ARK Innovation ETF","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","BK4527":"明星科技股","BK4543":"AI","BK4550":"红杉资本持仓","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","BK4141":"半导体产品","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BK4551":"寇图资本持仓","LU1548497426.USD":"安联环球人工智能AT Acc"},"source_url":"http://www.zhitongcaijing.com/content/detail/938213.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2339540762","content_text":"方舟投资管理公司(Ark Investment Management)首席执行官凯茜•伍德(Cathie Wood)周三表示，软件供应商将是下一个搭上由英伟达(NVDA.US)推动的人工智能热潮的人。她称:“我们正在寻找那些软件供应商，他们现在实际上和我们第一次买入英伟达时一样。虽然随着时间的推移，英伟达有望取得好成绩，但方舟基金正在迈向下一个目标。”据了解，方舟旗舰基金ARK Innovation ETF在今年1月减持了英伟达的股票，错失了让这家芯片制造商市值短暂突破1万亿美元的史诗般的涨势。对此，伍德为自己抛售英伟达股票的决定进行了辩护，称其对计算机芯片行业的繁荣-萧条周期感到担忧，并称其“定价超前”。相反，伍德把赌注押在了软件类股上，她预计这些股票最终会增长到英伟达的规模，并以UiPath、Twilio和Teladoc Health为例，伍德的基金持有这三只股票。伍德表示:“英伟达每销售1美元的硬件，软件提供商和SaaS提供商将获得8美元的收入。”据悉，伍德押注的是三家已远低于高点的公司。其中总部位于纽约的UiPath在2021年上市后涨至每股85美元以上，此后下跌了约80%。此外，总部位于旧金山的Twilio从2021年的峰值下跌了85%，及Teladoc Health从同年的高点下跌了90%以上。最后，伍德重申，特斯拉是“最大的人工智能游戏”，并预计该公司股价会因其自动驾驶技术从目前的200美元左右升至2027年的2000美元。伍德表示:“我们相信，到2038年，全球自动驾驶出租车平台将从几乎为零的水平创造10万亿美元的收入。很多人认为特斯拉是一只汽车股。我们不这么认为，我们认为它远不止于此。”值得一提的是，Ark Innovation ETF自2月初的峰值以来已经下跌了10%以上，而同期纳斯达克100指数则上涨了12%。","news_type":1},"isVote":1,"tweetType":1,"viewCount":402,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":182391145631800,"gmtCreate":1685537760570,"gmtModify":1685537762022,"author":{"id":"4096015652742090","authorId":"4096015652742090","name":"日内瓦喷泉","avatar":"https://static.tigerbbs.com/44849e13a0d986c7c7f06335ba754d82","crmLevel":8,"crmLevelSwitch":0},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/182391145631800","repostId":"1139707622","repostType":4,"repost":{"id":"1139707622","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1685518774,"share":"https://www.laohu8.com/m/news/1139707622?lang=&edition=full","pubTime":"2023-05-31 15:39","market":"us","language":"zh","title":"热点观察 | 英伟达当不上“大哥”，揭秘涨幅最高的十只AI股","url":"https://stock-news.laohu8.com/highlight/detail?id=1139707622","media":"老虎资讯综合","summary":"2023年美股市场最强的风口，无疑是人工智能。","content":"<html><head></head><body><p>2023年美股市场最强的风口，无疑是人工智能。而其中最引人注目的公司，当属英伟达。</p><p>北京时间周二（5月30日），英伟达收涨2.99％，盘中总市值突破1万亿美元，<strong>成为继Meta、亚马逊、微软、Alphabet、苹果和特斯拉之后，美国第七家解锁这项成就的公司。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/849cdb8028fad43efd787d1a4d02459c\" title=\"\" tg-width=\"560\" tg-height=\"240\"/></p><p>同时，不仅仅是英伟达、台积电等半导体公司，C3.ai和Upstart等不同领域的人工智能概念公司市值也出现飙升。截至目前，今年的最高涨幅已经接近300%！以下是年内涨幅最大的十只AI概念股。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/65f15df7bcc325fa4c9ac69e74256f15\" tg-width=\"1407\" tg-height=\"1996\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>热点观察 | 英伟达当不上“大哥”，揭秘涨幅最高的十只AI股</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; 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width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n热点观察 | 英伟达当不上“大哥”，揭秘涨幅最高的十只AI股\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2023-05-31 15:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>2023年美股市场最强的风口，无疑是人工智能。而其中最引人注目的公司，当属英伟达。</p><p>北京时间周二（5月30日），英伟达收涨2.99％，盘中总市值突破1万亿美元，<strong>成为继Meta、亚马逊、微软、Alphabet、苹果和特斯拉之后，美国第七家解锁这项成就的公司。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/849cdb8028fad43efd787d1a4d02459c\" title=\"\" tg-width=\"560\" tg-height=\"240\"/></p><p>同时，不仅仅是英伟达、台积电等半导体公司，C3.ai和Upstart等不同领域的人工智能概念公司市值也出现飙升。截至目前，今年的最高涨幅已经接近300%！以下是年内涨幅最大的十只AI概念股。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/65f15df7bcc325fa4c9ac69e74256f15\" tg-width=\"1407\" tg-height=\"1996\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/235d58fcd00f81bf696efbcf39ea54f3","relate_stocks":{"AI":"C3.ai, 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