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圆头蝴蝶
09-14 21:29
这位美股嘉豪 独眼小丑的空头仓位刚爆仓 刚转多头 又要爆仓 这种两头挨打 搁谁身上都要出来bb两句
“大空头”Burry狠批AI巨头呼吁放缓研发:纯属自私自利,为IPO造势炒作,遮掩增长乏力困境
圆头蝴蝶
09-13 22:40
请问这个暗盘数据在哪里能看?是根据什么得出来的呢?不会是币圈哪些链上的东西吧
$美光科技(MU)$
$闪迪(SNDK)$
$西部数据(WDC)$
圆头蝴蝶
09-13 16:18
唉 美国政府现在都要和这种级别的组织打交道了吗?
美国总统称美方与胡塞武装进行通话,胡塞武装暂未回应
圆头蝴蝶
09-12 13:06
这还拒绝?臭打工的给脸不要脸啊 建议恢复奴隶制[捂脸] [捂脸]
又见存储巨头“天量奖金”:美光最高发68个月奖金
圆头蝴蝶
09-04
美股嘉豪
Lululemon盘后暴跌逾18%!“大空头”Burry最大持仓遭重创:跌破100美元将继续加仓
圆头蝴蝶
08-27
死鸭子嘴硬
“大空头”Michael Burry买入英伟达看涨期权“对冲”,同时加码做空
圆头蝴蝶
08-19
wood还是继续买她的大火箭吧 纯纯被套傻了
为什么不买存储股?这是两位大佬的回答
圆头蝴蝶
08-11
你是我认识在西数唯一的大佬 你要走了告诉我一下啊
圆头蝴蝶
08-11
还是看到1000不变吗 兄弟?
圆头蝴蝶
08-09
不签长协 说明年可能不买了 签了长协 说涨价空间没有了 签了锁量不锁价的长协 说合同没有用随时可以反悔 大不了赔你违约金 扩产了 说以后产能过剩价格崩盘 不扩产说现有产能没有想象空间 这一天天的我是真的没有时间跟机构闹了
$美光科技(MU)$
$闪迪(SNDK)$
$西部数据(WDC)$
$美光科技(MU)$
@口罩哥KZG
[开心] [开心] [开心] [开心]
圆头蝴蝶
08-07
到你牛魔酬宾
存储涨价的“天花板”快到了?
圆头蝴蝶
08-07
看到越哥来了 我瞬间不慌了
@AaronHy:
$西部数据(WDC)$
圆头蝴蝶
08-06
$闪迪(SNDK)$
$美光科技(MU)$
$西部数据(WDC)$
美国其实是大连东边的一个小岛 闪迪是华强北的一个档口 美光是Best Buy里的一个柜台 西部数据是火车站门口卖光盘的
圆头蝴蝶
07-28
$可口可乐(KO)$
短期缺可乐 中期缺雪碧 永远缺芬达 时间会证明骨质疏松!
圆头蝴蝶
07-26
没有用 现在是垃圾时间 你多好的业绩也得砸 顶多夜盘大涨 开盘直接负10 真tmdcl 让人想跳喽
SK海力士下周放榜:Q2营业利润或突破64万亿韩元创新高,同比增长近600%
圆头蝴蝶
07-16
$台积电(TSM)$
****的 这都不满意?
圆头蝴蝶
07-16
闹钟A里面就没有会说人话的是吧
股市必读:中航沈飞(600760)7月1日董秘有最新回复
圆头蝴蝶
06-30
$诺基亚(NOK)$
但凡你能有黑妹一半争气 唉 不是美国的企业是不行
圆头蝴蝶
06-29
哪都有** 看不得别人好 **吃饱了撑的
三星、SK海力士、美光在美遭集体诉讼,涉嫌操纵内存价格
圆头蝴蝶
06-26
$西部数据(WDC)$
什么东西 天天开盘就砸
去老虎APP查看更多动态
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独眼小丑的空头仓位刚爆仓 刚转多头 又要爆仓 这种两头挨打 搁谁身上都要出来bb两句 ","listText":"这位美股嘉豪 独眼小丑的空头仓位刚爆仓 刚转多头 又要爆仓 这种两头挨打 搁谁身上都要出来bb两句 ","text":"这位美股嘉豪 独眼小丑的空头仓位刚爆仓 刚转多头 又要爆仓 这种两头挨打 搁谁身上都要出来bb两句","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/607719589990992","repostId":"1187603705","repostType":2,"repost":{"id":"1187603705","kind":"news","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":1789379463,"share":"https://www.laohunote.com/m/news/1187603705?lang=zh_CN&edition=full","pubTime":"2026-09-14 17:51","market":"us","language":"zh","title":"“大空头”Burry狠批AI巨头呼吁放缓研发:纯属自私自利,为IPO造势炒作,遮掩增长乏力困境","url":"https://stock-news.laohu8.com/highlight/detail?id=1187603705","media":"老虎资讯综合","summary":"Michael Burry质疑OpenAI、Anthropic等AI巨头放缓AI发展的呼吁,并称这一推动“更多是为了自身利益”。Burry认为,OpenAI、Anthropic以及其他主要AI公司的相关呼吁,可能通过放缓快速发展的竞争来保护现有巨头。不过,OpenAI首席执行官Sam Altman表示,公司今年不会上市,当前进行IPO并不是合适的时机。Burry认为,这些警告也可能为“增长真正出现无法控制的放缓”提供掩护,因为相关公司的IPO似乎正在被推迟。上述言论正值多位知名AI行业人士呼吁放缓AI发展之际。","content":"<html><head></head><body><p style=\"text-align: left;\">Michael Burry质疑OpenAI、Anthropic等AI巨头放缓AI发展的呼吁,并称这一推动“更多是为了自身利益”。</p><p style=\"text-align: left;\">Burry在X上发文表示:“我们都应该花点时间想想,OpenAI、Anthropic以及其他大型超大规模云服务商的高管谈论放缓发展,到底有多么符合自身利益。”</p><p style=\"text-align: left;\">他列出了四点质疑:</p><p style=\"text-align: left;\"><strong>1.LLM并不等于AI,也不会成为AGI,没有什么AI发展需要被放缓。</strong></p><p style=\"text-align: left;\"><strong>2.竞争正在快速到来,放缓发展将有利于现有巨头。</strong></p><p style=\"text-align: left;\"><strong>3.公司准备IPO需要炒作和包装,‘我们太强大了,甚至可能变得危险’本身就是一种炒作和包装。</strong></p><p style=\"text-align: left;\"><strong>4.为增长真正失控放缓提供掩护,因为IPO可能被推迟。</strong></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/fddf691d756a9cd905eba8f9b0e2f25b\" data-align=\"center\" tg-width=\"1172\" tg-height=\"524\"/><span></span></p><p style=\"text-align: left;\">Burry认为,OpenAI、Anthropic以及其他主要AI公司的相关呼吁,可能通过放缓快速发展的竞争来保护现有巨头。他同时质疑这一讨论的基础,认为大型语言模型(LLM)并不等同于人工通用智能(AGI),因此并不存在所谓“需要放缓的AI”。</p><p style=\"text-align: left;\">他还表示,随着相关公司准备上市,对“AI可能变得危险”的讨论可能有助于维持投资者的热情。</p><p style=\"text-align: left;\">OpenAI和Anthropic均于今年夏季早些时候向美国证券交易委员会(SEC)提交了IPO初步文件。不过,OpenAI首席执行官Sam Altman表示,公司今年不会上市,当前进行IPO并不是合适的时机。</p><p style=\"text-align: left;\">Burry认为,这些警告也可能为“增长真正出现无法控制的放缓”提供掩护,因为相关公司的IPO似乎正在被推迟。</p><p style=\"text-align: left;\">上述言论正值多位知名AI行业人士呼吁放缓AI发展之际。Anthropic首席执行官Dario Amodei周六在个人网站发表文章称,应该放缓提升AI模型能力的进程。OpenAI首席执行官Sam Altman随后在X上回应称:“我同意Dario的观点,我们需要控制前沿AI的发展节奏。”</p><p style=\"text-align: left;\">SpaceXAI(前身为xAI)创始人Elon Musk也在X上表示:“Dario是对的。”</p><p style=\"text-align: left;\">微软首席执行官Satya Nadella同样支持将“研究、聚焦以及有意识地控制发展节奏”作为实现AI安全对齐的设计目标。Google DeepMind首席执行官Demis Hassabis此前也支持在风险上升时,通过协调方式放缓前沿AI发展。今年7月,他曾呼吁建立由美国主导的全球AI监管机构,对全球最先进的AI模型进行审查。</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>“大空头”Burry狠批AI巨头呼吁放缓研发:纯属自私自利,为IPO造势炒作,遮掩增长乏力困境</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{ 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}\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“大空头”Burry狠批AI巨头呼吁放缓研发:纯属自私自利,为IPO造势炒作,遮掩增长乏力困境\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\">2026-09-14 17:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">Michael Burry质疑OpenAI、Anthropic等AI巨头放缓AI发展的呼吁,并称这一推动“更多是为了自身利益”。</p><p style=\"text-align: left;\">Burry在X上发文表示:“我们都应该花点时间想想,OpenAI、Anthropic以及其他大型超大规模云服务商的高管谈论放缓发展,到底有多么符合自身利益。”</p><p style=\"text-align: left;\">他列出了四点质疑:</p><p style=\"text-align: left;\"><strong>1.LLM并不等于AI,也不会成为AGI,没有什么AI发展需要被放缓。</strong></p><p style=\"text-align: left;\"><strong>2.竞争正在快速到来,放缓发展将有利于现有巨头。</strong></p><p style=\"text-align: left;\"><strong>3.公司准备IPO需要炒作和包装,‘我们太强大了,甚至可能变得危险’本身就是一种炒作和包装。</strong></p><p style=\"text-align: left;\"><strong>4.为增长真正失控放缓提供掩护,因为IPO可能被推迟。</strong></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/fddf691d756a9cd905eba8f9b0e2f25b\" data-align=\"center\" tg-width=\"1172\" tg-height=\"524\"/><span></span></p><p style=\"text-align: left;\">Burry认为,OpenAI、Anthropic以及其他主要AI公司的相关呼吁,可能通过放缓快速发展的竞争来保护现有巨头。他同时质疑这一讨论的基础,认为大型语言模型(LLM)并不等同于人工通用智能(AGI),因此并不存在所谓“需要放缓的AI”。</p><p style=\"text-align: left;\">他还表示,随着相关公司准备上市,对“AI可能变得危险”的讨论可能有助于维持投资者的热情。</p><p style=\"text-align: left;\">OpenAI和Anthropic均于今年夏季早些时候向美国证券交易委员会(SEC)提交了IPO初步文件。不过,OpenAI首席执行官Sam Altman表示,公司今年不会上市,当前进行IPO并不是合适的时机。</p><p style=\"text-align: left;\">Burry认为,这些警告也可能为“增长真正出现无法控制的放缓”提供掩护,因为相关公司的IPO似乎正在被推迟。</p><p style=\"text-align: left;\">上述言论正值多位知名AI行业人士呼吁放缓AI发展之际。Anthropic首席执行官Dario Amodei周六在个人网站发表文章称,应该放缓提升AI模型能力的进程。OpenAI首席执行官Sam Altman随后在X上回应称:“我同意Dario的观点,我们需要控制前沿AI的发展节奏。”</p><p style=\"text-align: left;\">SpaceXAI(前身为xAI)创始人Elon Musk也在X上表示:“Dario是对的。”</p><p style=\"text-align: left;\">微软首席执行官Satya Nadella同样支持将“研究、聚焦以及有意识地控制发展节奏”作为实现AI安全对齐的设计目标。Google DeepMind首席执行官Demis Hassabis此前也支持在风险上升时,通过协调方式放缓前沿AI发展。今年7月,他曾呼吁建立由美国主导的全球AI监管机构,对全球最先进的AI模型进行审查。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQpg805ffqYtFs7-dZwF-KyzJ-cO0_5eLii5Cd3wSQBQw&s=10","relate_stocks":{"MU":"美光科技","DIPS":"做空NVDA期权收益策略ETF-YieldMax","AMDW":"Roundhill AMD WeeklyPay ETF","AMZN":"亚马逊","AMDY":"AMD期权收益策略ETF-YieldMax","AVL":"2倍做多AVGO ETF-Direxion","MVLL":"2倍做多MRVL ETF-GraniteShares","GOGL":"2倍做多GOOGL ETF-Corgi","DAMD":"2倍做空AMD ETF-Defiance","MIC":"2倍做多MU ETF-Corgi","07788":"南方两倍做多英伟达","CRWG":"2倍做多CRWV ETF-Leverage Shares","DELL":"戴尔","CRWU":"2倍做多CRWV ETF-T-Rex","COHR":"Coherent","CRWX":"Corgi CRWV 2x Daily ETF","GOOL":"Leverage Shares 2X Long GOOGL Daily 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ETF-Direxion","NVDL":"2倍做多NVDA ETF-GraniteShares","CIEG":"Leverage Shares 2X Long CIEN Daily ETF","CORD":"T-REX 2X INVERSE CRWV DAILY TARGET ETF","LITU":"T-REX 2X Long LITE Daily Target ETF","AMUU":"2倍做多AMD ETF-Direxion","MSFW":"Roundhill MSFT WeeklyPay ETF","NVDQ":"2倍做空NVDA ETF-T-Rex","LITX":"Tradr 2X Long LITE Daily ETF","NVDS":"1.5倍做空NVDA ETF-Tradr","MSFX":"2倍做多MSFT ETF-T-Rex","AVGO":"博通","CIEX":"Tradr 2X Long CIEN Daily ETF","LITZ":"Tradr 2X Short LITE Daily ETF","MSFY":"Kurv Yield Premium Strategy Microsoft (MSFT) ETF","AMYY":"GraniteShares YieldBOOST AMD ETF","ANET":"Arista Networks, Inc.","NVDU":"2倍做多NVDA ETF-Direxion","NVDW":"NVDA周配息ETF-Roundhill","AMZD":"1倍做空AMZN ETF-Direxion","NVDX":"2倍做多NVDA ETF-T-Rex","MRVL":"迈威尔科技","NVDY":"NVDA期权收益策略ETF-YieldMax","AMZG":"Leverage Shares 2X Long AMZN Daily ETF","AMZO":"Tradr 2x Short Amzn Daily Etf","NVII":"Rex NVDA Growth & Income ETF","AMZP":"KURV YIELD PREMIUM STRATEGY AMAZON (AMZN) ETF","CRDO":"Credo Technology Group Holding 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Shares 2X Long COHR Daily ETF","CIEN":"Ciena科技","ANV":"GraniteShares Autocallable NVDA ETF","MUU":"2倍做多MU ETF-Direxion","COHQ":"Tradr 2X Short COHR Daily ETF","AMDL":"2倍做多AMD ETF-GraniteShares","AVGW":"Roundhill AVGO WeeklyPay ETF","GOOG":"谷歌","AVGX":"2倍做多AVGO ETF-Defiance","COHX":"Tradr 2X Long COHR Daily ETF","MUYY":"GraniteShares YieldBOOSTMU ETF","MSFT":"微软","CRWV":"CoreWeave, Inc.","GOOGL":"谷歌A","MUZ":"2倍做空MU ETF-Defiance"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187603705","content_text":"Michael Burry质疑OpenAI、Anthropic等AI巨头放缓AI发展的呼吁,并称这一推动“更多是为了自身利益”。Burry在X上发文表示:“我们都应该花点时间想想,OpenAI、Anthropic以及其他大型超大规模云服务商的高管谈论放缓发展,到底有多么符合自身利益。”他列出了四点质疑:1.LLM并不等于AI,也不会成为AGI,没有什么AI发展需要被放缓。2.竞争正在快速到来,放缓发展将有利于现有巨头。3.公司准备IPO需要炒作和包装,‘我们太强大了,甚至可能变得危险’本身就是一种炒作和包装。4.为增长真正失控放缓提供掩护,因为IPO可能被推迟。Burry认为,OpenAI、Anthropic以及其他主要AI公司的相关呼吁,可能通过放缓快速发展的竞争来保护现有巨头。他同时质疑这一讨论的基础,认为大型语言模型(LLM)并不等同于人工通用智能(AGI),因此并不存在所谓“需要放缓的AI”。他还表示,随着相关公司准备上市,对“AI可能变得危险”的讨论可能有助于维持投资者的热情。OpenAI和Anthropic均于今年夏季早些时候向美国证券交易委员会(SEC)提交了IPO初步文件。不过,OpenAI首席执行官Sam Altman表示,公司今年不会上市,当前进行IPO并不是合适的时机。Burry认为,这些警告也可能为“增长真正出现无法控制的放缓”提供掩护,因为相关公司的IPO似乎正在被推迟。上述言论正值多位知名AI行业人士呼吁放缓AI发展之际。Anthropic首席执行官Dario Amodei周六在个人网站发表文章称,应该放缓提升AI模型能力的进程。OpenAI首席执行官Sam Altman随后在X上回应称:“我同意Dario的观点,我们需要控制前沿AI的发展节奏。”SpaceXAI(前身为xAI)创始人Elon Musk也在X上表示:“Dario是对的。”微软首席执行官Satya Nadella同样支持将“研究、聚焦以及有意识地控制发展节奏”作为实现AI安全对齐的设计目标。Google DeepMind首席执行官Demis Hassabis此前也支持在风险上升时,通过协调方式放缓前沿AI发展。今年7月,他曾呼吁建立由美国主导的全球AI监管机构,对全球最先进的AI模型进行审查。","news_type":1,"symbols_score_info":{"NVDD":0.6,"AMUU":0.6,"AMDG":0.6,"NVDS":0.6,"CRWU":0.6,"CRD":0.6,"MSFY":0.6,"GOOW":0.6,"AMZW":0.6,"NVD":0.6,"NVDY":0.6,"MSFO":0.6,"MULL":0.6,"MUU":0.6,"AVGG":0.6,"MRVX":0.6,"LITZ":0.6,"AMDY":0.6,"COHR":2,"AMDC":0.6,"GOOGL":2,"LITX":0.6,"SMCY":0.6,"DAMD":0.6,"NVYY":0.6,"AVGX":0.6,"NVDG":0.6,"LITG":0.6,"MSFW":0.6,"NVDW":0.6,"CRDO":2,"COHC":0.6,"NVDO":0.6,"NVII":0.6,"ANEL":0.6,"CRWV":2,"MVLL":0.6,"AMD":2,"GOGL":0.6,"NVDA":2,"CRWX":0.6,"MSFU":0.6,"AZYY":0.6,"MSFD":0.6,"MUZ":0.6,"CRDU":0.6,"AVS":0.6,"LITC":0.6,"COHQ":0.6,"AMZD":0.6,"AMYY":0.6,"AMDL":0.6,"LITU":0.6,"SMCI":2,"COHH":0.6,"AVGW":0.6,"COHX":0.6,"MSFC":0.6,"DIPS":0.6,"CWVX":0.6,"AVL":0.6,"NVDL":0.6,"MIC":0.6,"GOOG":2,"SMCC":0.6,"MUG":0.6,"CIEG":0.6,"NVDQ":0.6,"GGLS":0.6,"MSFX":0.6,"07388":0.6,"DELL":2,"NVC":0.6,"MUD":0.6,"07788":0.6,"DLLL":0.6,"SMCL":0.6,"AMZO":0.6,"AMAA":0.6,"AMZU":0.6,"AMDD":0.6,"GOOY":0.6,"MSFL":0.6,"LITE":2,"MUYY":0.6,"AVGU":0.6,"AMZY":0.6,"ANET":2,"HPE":2,"AMZP":0.6,"CIEN":2,"CWII":0.6,"MRVL":2,"GOU":0.6,"SMCZ":0.6,"NVDU":0.6,"SMCX":0.6,"GOOP":0.6,"AVGC":0.6,"AVGO":2,"NVDX":0.6,"MSFT":2,"MRVU":0.6,"CORD":0.6,"GOOL":0.6,"HPEL":0.6,"NVDB":0.6,"CRWG":0.6,"AMDW":0.6,"GOOX":0.6,"SMYY":0.6,"GGLL":0.6,"CIEX":0.6,"AMZN":2,"MU":2,"AMZG":0.6,"AMZZ":0.6,"ANV":0.6}},"isVote":1,"tweetType":1,"viewCount":77,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3472532348212000","authorId":"3472532348212000","name":"chenx32401","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"idStr":"3472532348212000","authorIdStr":"3472532348212000"},"content":"哈哈哈哈 burry真是大反指","text":"哈哈哈哈 burry真是大反指","html":"哈哈哈哈 burry真是大反指"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607383209005848,"gmtCreate":1789310441991,"gmtModify":1789310444880,"author":{"id":"4212982252329032","authorId":"4212982252329032","name":"圆头蝴蝶","avatar":"https://static.tigerbbs.com/11f975c3d0ccf067e1b550357847e22c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4212982252329032","authorIdStr":"4212982252329032"},"themes":[],"title":"","htmlText":"请问这个暗盘数据在哪里能看?是根据什么得出来的呢?不会是币圈哪些链上的东西吧<a href=\"https://laohu8.com/S/MU\">$美光科技(MU)$ </a> <a href=\"https://laohu8.com/S/SNDK\">$闪迪(SNDK)$ </a> <a href=\"https://laohu8.com/S/WDC\">$西部数据(WDC)$ </a> ","listText":"请问这个暗盘数据在哪里能看?是根据什么得出来的呢?不会是币圈哪些链上的东西吧<a href=\"https://laohu8.com/S/MU\">$美光科技(MU)$ </a> <a href=\"https://laohu8.com/S/SNDK\">$闪迪(SNDK)$ </a> <a href=\"https://laohu8.com/S/WDC\">$西部数据(WDC)$ </a> ","text":"请问这个暗盘数据在哪里能看?是根据什么得出来的呢?不会是币圈哪些链上的东西吧$美光科技(MU)$ $闪迪(SNDK)$ $西部数据(WDC)$","images":[{"img":"https://static.tigerbbs.com/e6fe5d8db1d2d3ca747a7dd8906575d7","width":"1125","height":"2436"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":2,"link":"https://laohu8.com/post/607383209005848","isVote":1,"tweetType":1,"viewCount":1893,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3562558667625756","authorId":"3562558667625756","name":"陈安安","avatar":"https://static.tigerbbs.com/d7586cd50f7ae9a6d8a4eedf14c80025","crmLevel":3,"crmLevelSwitch":1,"idStr":"3562558667625756","authorIdStr":"3562558667625756"},"content":"币圈也是真金白银锚定的","text":"币圈也是真金白银锚定的","html":"币圈也是真金白银锚定的"}],"imageCount":1,"langContent":"CN","totalScore":0},{"id":607289388327296,"gmtCreate":1789287526974,"gmtModify":1789290871753,"author":{"id":"4212982252329032","authorId":"4212982252329032","name":"圆头蝴蝶","avatar":"https://static.tigerbbs.com/11f975c3d0ccf067e1b550357847e22c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4212982252329032","authorIdStr":"4212982252329032"},"themes":[],"title":"","htmlText":"唉 美国政府现在都要和这种级别的组织打交道了吗?","listText":"唉 美国政府现在都要和这种级别的组织打交道了吗?","text":"唉 美国政府现在都要和这种级别的组织打交道了吗?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607289388327296","repostId":"1129803908","repostType":2,"repost":{"id":"1129803908","kind":"news","pubTimestamp":1789255992,"share":"https://www.laohunote.com/m/news/1129803908?lang=zh_CN&edition=full","pubTime":"2026-09-13 07:33","market":"us","language":"zh","title":"美国总统称美方与胡塞武装进行通话,胡塞武装暂未回应","url":"https://stock-news.laohu8.com/highlight/detail?id=1129803908","media":"央视新闻客户端","summary":"美国总统特朗普12日称,美方与也门胡塞武装进行了通话。特朗普称,胡塞武装致电美方并表示不愿与美方战斗,也不希望美方卷入冲突。也门胡塞武装方面暂未对此作出回应。当地时间9月11日,也门胡塞武装进抵曼德海峡的丕林岛,并向也门西南部沿岸地区推进。当地时间9月10日,有消息称,沙特王储穆罕默德·本·萨勒曼两次致电美国总统特朗普,请求美国对也门胡塞武装实施军事打击。但美国没有同意直接采取军事行动,仅表示愿意向沙特提供情报和目标识别等支持。目前,白宫和沙特方面尚未公开证实相关通话。","content":"<html><head></head><body><p style=\"text-align: left;\">美国总统特朗普12日称,美方与也门胡塞武装进行了通话。特朗普称,胡塞武装致电美方并表示不愿与美方战斗,也不希望美方卷入冲突。</p><p style=\"text-align: justify;\">也门胡塞武装方面暂未对此作出回应。</p><p style=\"text-align: justify;\">当地时间9月11日,也门胡塞武装进抵曼德海峡的丕林岛,并向也门西南部沿岸地区推进。当地时间9月10日,有消息称,沙特王储穆罕默德·本·萨勒曼两次致电美国总统特朗普,请求美国对也门胡塞武装实施军事打击。但美国没有同意直接采取军事行动,仅表示愿意向沙特提供情报和目标识别等支持。目前,白宫和沙特方面尚未公开证实相关通话。</p></body></html>","source":"lsy1568181200495","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>美国总统称美方与胡塞武装进行通话,胡塞武装暂未回应</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美国总统称美方与胡塞武装进行通话,胡塞武装暂未回应\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-09-13 07:33 北京时间 <a href=https://content-static.cctvnews.cctv.com/snow-book/index.html?item_id=6706361790488865765&toc_style_id=feeds_default&track_id=480C611B-349D-4185-AAB6-922728F31A86_810948702992&share_to=copy_url><strong>央视新闻客户端</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>美国总统特朗普12日称,美方与也门胡塞武装进行了通话。特朗普称,胡塞武装致电美方并表示不愿与美方战斗,也不希望美方卷入冲突。也门胡塞武装方面暂未对此作出回应。当地时间9月11日,也门胡塞武装进抵曼德海峡的丕林岛,并向也门西南部沿岸地区推进。当地时间9月10日,有消息称,沙特王储穆罕默德·本·萨勒曼两次致电美国总统特朗普,请求美国对也门胡塞武装实施军事打击。但美国没有同意直接采取军事行动,仅表示愿意...</p>\n\n<a href=\"https://content-static.cctvnews.cctv.com/snow-book/index.html?item_id=6706361790488865765&toc_style_id=feeds_default&track_id=480C611B-349D-4185-AAB6-922728F31A86_810948702992&share_to=copy_url\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://community-static.tradeup.com/news/9bd721aeb957110b1bc640ad2c8a7c4b","relate_stocks":{},"source_url":"https://content-static.cctvnews.cctv.com/snow-book/index.html?item_id=6706361790488865765&toc_style_id=feeds_default&track_id=480C611B-349D-4185-AAB6-922728F31A86_810948702992&share_to=copy_url","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129803908","content_text":"美国总统特朗普12日称,美方与也门胡塞武装进行了通话。特朗普称,胡塞武装致电美方并表示不愿与美方战斗,也不希望美方卷入冲突。也门胡塞武装方面暂未对此作出回应。当地时间9月11日,也门胡塞武装进抵曼德海峡的丕林岛,并向也门西南部沿岸地区推进。当地时间9月10日,有消息称,沙特王储穆罕默德·本·萨勒曼两次致电美国总统特朗普,请求美国对也门胡塞武装实施军事打击。但美国没有同意直接采取军事行动,仅表示愿意向沙特提供情报和目标识别等支持。目前,白宫和沙特方面尚未公开证实相关通话。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":26,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606888137597768,"gmtCreate":1789189576181,"gmtModify":1789190258588,"author":{"id":"4212982252329032","authorId":"4212982252329032","name":"圆头蝴蝶","avatar":"https://static.tigerbbs.com/11f975c3d0ccf067e1b550357847e22c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4212982252329032","authorIdStr":"4212982252329032"},"themes":[],"title":"","htmlText":"这还拒绝?臭打工的给脸不要脸啊 建议恢复奴隶制[捂脸] [捂脸] ","listText":"这还拒绝?臭打工的给脸不要脸啊 建议恢复奴隶制[捂脸] [捂脸] ","text":"这还拒绝?臭打工的给脸不要脸啊 建议恢复奴隶制[捂脸] [捂脸]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/606888137597768","repostId":"2666250342","repostType":2,"repost":{"id":"2666250342","kind":"highlight","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":1789188806,"share":"https://www.laohunote.com/m/news/2666250342?lang=zh_CN&edition=full","pubTime":"2026-09-12 12:53","market":"fut","language":"zh","title":"又见存储巨头“天量奖金”:美光最高发68个月奖金","url":"https://stock-news.laohu8.com/highlight/detail?id=2666250342","media":"华尔街见闻","summary":"美光科技宣布向中国台湾员工发放35至68个月薪酬的创纪录奖励,最低现金补偿170万新台币。然而,代表中国台湾约三分之二员工的桃园工会拒绝接受,坚持要求将15%营业利润纳入奖金分配,并维持罢工威胁。","content":"<html><head></head><body><p>美光科技宣布向中国台湾员工发放创纪录奖励,但工会拒绝接受并维持罢工威胁,劳资博弈进入关键阶段。</p>\n<p>美光科技周五宣布,<strong>中国台湾员工将获得相当于35至68个月薪酬的2026财年奖励,最低现金补偿为170万新台币(约合5.38万美元)。</strong></p>\n<p>美光指出,在经历了一个“对公司而言非凡的年份”后,全球超过6万名员工将获得2026财年的奖励,本次向员工发放的薪酬力度为历年来最高。</p>\n<p>然而,代表美光中国台湾约三分之二员工的桃园工会当日发表声明称,双方在持续谈判中尚未达成共识,<strong>工会仍要求将营业利润的15%拨作员工奖金</strong>,并警告称:</p>\n<blockquote>\n<p><strong>若公司不回应相关诉求,工会将继续推进罢工程序。</strong></p>\n</blockquote>\n<div>\n<h2>奖励方案细节</h2>\n</div>\n<p>根据美光披露的方案,2025年8月29日前入职的中国台湾员工将获得100万新台币(约合3.17万美元)的现金奖金。</p>\n<p><strong>对于初级工程师,总奖励平均达340万新台币,其中现金补偿平均约290万新台币,其余部分以股权授予价值计算。此外,所有员工还将获得年度股权授予。</strong></p>\n<p>美光在中国台湾约雇用1.5万名员工,中国台湾是其最重要的生产基地之一,公司已在台累计投资逾1.6万亿新台币。</p>\n<p><strong>工会迄今坚持的核心诉求是将15%营业利润纳入员工奖金分配机制,与美光现行方案之间仍存在明显分歧。</strong></p>\n<p><strong>美光此番举措,在一定程度上是为规避重蹈韩国竞争对手<a href=\"https://laohu8.com/S/SSNLF\">三星电子</a>的覆辙。</strong></p>\n<p>据报道,<a href=\"https://laohu8.com/S/SMSN.UK\">三星</a>今年5月曾面临多达4.8万名工会成员发起18天罢工的威胁,最终在最后关头谈判达成协议,设立了相当于芯片部门营业利润10.5%的特别奖金池,方才化解危机。</p>\n<p>美光中国台湾工会此前亦明确指出,三星和<a href=\"https://laohu8.com/S/SKHY\">SK海力士</a>的利润分享安排已拉大美光员工与韩国同行之间的薪酬差距,此为此次劳资纠纷的核心背景之一。</p>\n<p>对于存储芯片市场而言,中国台湾作为美光核心生产基地的稳定性至关重要。劳动争议若持续升级乃至演变为实际罢工行动,将对美光的生产节奏和供应链造成直接影响,进而波及全球存储芯片供给格局。</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>又见存储巨头“天量奖金”:美光最高发68个月奖金</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又见存储巨头“天量奖金”:美光最高发68个月奖金\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\">2026-09-12 12:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>美光科技宣布向中国台湾员工发放创纪录奖励,但工会拒绝接受并维持罢工威胁,劳资博弈进入关键阶段。</p>\n<p>美光科技周五宣布,<strong>中国台湾员工将获得相当于35至68个月薪酬的2026财年奖励,最低现金补偿为170万新台币(约合5.38万美元)。</strong></p>\n<p>美光指出,在经历了一个“对公司而言非凡的年份”后,全球超过6万名员工将获得2026财年的奖励,本次向员工发放的薪酬力度为历年来最高。</p>\n<p>然而,代表美光中国台湾约三分之二员工的桃园工会当日发表声明称,双方在持续谈判中尚未达成共识,<strong>工会仍要求将营业利润的15%拨作员工奖金</strong>,并警告称:</p>\n<blockquote>\n<p><strong>若公司不回应相关诉求,工会将继续推进罢工程序。</strong></p>\n</blockquote>\n<div>\n<h2>奖励方案细节</h2>\n</div>\n<p>根据美光披露的方案,2025年8月29日前入职的中国台湾员工将获得100万新台币(约合3.17万美元)的现金奖金。</p>\n<p><strong>对于初级工程师,总奖励平均达340万新台币,其中现金补偿平均约290万新台币,其余部分以股权授予价值计算。此外,所有员工还将获得年度股权授予。</strong></p>\n<p>美光在中国台湾约雇用1.5万名员工,中国台湾是其最重要的生产基地之一,公司已在台累计投资逾1.6万亿新台币。</p>\n<p><strong>工会迄今坚持的核心诉求是将15%营业利润纳入员工奖金分配机制,与美光现行方案之间仍存在明显分歧。</strong></p>\n<p><strong>美光此番举措,在一定程度上是为规避重蹈韩国竞争对手<a href=\"https://laohu8.com/S/SSNLF\">三星电子</a>的覆辙。</strong></p>\n<p>据报道,<a href=\"https://laohu8.com/S/SMSN.UK\">三星</a>今年5月曾面临多达4.8万名工会成员发起18天罢工的威胁,最终在最后关头谈判达成协议,设立了相当于芯片部门营业利润10.5%的特别奖金池,方才化解危机。</p>\n<p>美光中国台湾工会此前亦明确指出,三星和<a href=\"https://laohu8.com/S/SKHY\">SK海力士</a>的利润分享安排已拉大美光员工与韩国同行之间的薪酬差距,此为此次劳资纠纷的核心背景之一。</p>\n<p>对于存储芯片市场而言,中国台湾作为美光核心生产基地的稳定性至关重要。劳动争议若持续升级乃至演变为实际罢工行动,将对美光的生产节奏和供应链造成直接影响,进而波及全球存储芯片供给格局。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/97dc49a1c38f37d8c33d7241fccf9976","relate_stocks":{"BK4579":"人工智能","LU0274383776.USD":"MANULIFE GF US SMALL CAP EQUITY \"AA\" (USD) INC","MULL":"2倍做多MU ETF-GraniteShares","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. 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ETF"},"source_url":"https://wallstreetcn.com/articles/3781624","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2666250342","content_text":"美光科技宣布向中国台湾员工发放创纪录奖励,但工会拒绝接受并维持罢工威胁,劳资博弈进入关键阶段。\n美光科技周五宣布,中国台湾员工将获得相当于35至68个月薪酬的2026财年奖励,最低现金补偿为170万新台币(约合5.38万美元)。\n美光指出,在经历了一个“对公司而言非凡的年份”后,全球超过6万名员工将获得2026财年的奖励,本次向员工发放的薪酬力度为历年来最高。\n然而,代表美光中国台湾约三分之二员工的桃园工会当日发表声明称,双方在持续谈判中尚未达成共识,工会仍要求将营业利润的15%拨作员工奖金,并警告称:\n\n若公司不回应相关诉求,工会将继续推进罢工程序。\n\n\n奖励方案细节\n\n根据美光披露的方案,2025年8月29日前入职的中国台湾员工将获得100万新台币(约合3.17万美元)的现金奖金。\n对于初级工程师,总奖励平均达340万新台币,其中现金补偿平均约290万新台币,其余部分以股权授予价值计算。此外,所有员工还将获得年度股权授予。\n美光在中国台湾约雇用1.5万名员工,中国台湾是其最重要的生产基地之一,公司已在台累计投资逾1.6万亿新台币。\n工会迄今坚持的核心诉求是将15%营业利润纳入员工奖金分配机制,与美光现行方案之间仍存在明显分歧。\n美光此番举措,在一定程度上是为规避重蹈韩国竞争对手三星电子的覆辙。\n据报道,三星今年5月曾面临多达4.8万名工会成员发起18天罢工的威胁,最终在最后关头谈判达成协议,设立了相当于芯片部门营业利润10.5%的特别奖金池,方才化解危机。\n美光中国台湾工会此前亦明确指出,三星和SK海力士的利润分享安排已拉大美光员工与韩国同行之间的薪酬差距,此为此次劳资纠纷的核心背景之一。\n对于存储芯片市场而言,中国台湾作为美光核心生产基地的稳定性至关重要。劳动争议若持续升级乃至演变为实际罢工行动,将对美光的生产节奏和供应链造成直接影响,进而波及全球存储芯片供给格局。","news_type":1,"symbols_score_info":{"EMSF":0.6,"TRFK":0.6,"CHPS":0.6,"MU":1.95,"MIC":0.6,"MULL":0.6,"WUGI":0.6,"SMH":0.6,"AIFD":0.6,"FTXL":0.6,"AIQ":0.6,"XLK":0.6,"SOXX":0.6,"FAI":0.6,"ARTY":0.6,"SOXQ":0.6,"PTF":0.6,"EFIV":0.6,"DISK":0.6,"FXL":0.6,"DRMY":0.6,"TTXU":0.6,"HBMX":0.6,"FDTX":0.6,"MUZ":0.6,"CGGO":0.6,"LEGR":0.6,"AIS":0.6,"BOBP":0.6,"CHPX":0.6,"IETC":0.6,"EGGY":0.6,"JGRO":0.6,"CHAT":0.6,"SHOC":0.6,"MUU":0.6,"RULE":0.6,"VGT":0.6,"MUYY":0.6,"WLDR":0.6,"PSI":0.6,"USXF":0.6,"XNTK":0.6,"IXN":0.6,"MUD":0.6,"FTEC":0.6,"MUG":0.6,"BAI":0.6}},"isVote":1,"tweetType":1,"viewCount":155,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3526559826877147","authorId":"3526559826877147","name":"蓬狗屎","avatar":"https://static.tigerbbs.com/1437aaae913b6c4cdd5b6b2decdb198a","crmLevel":1,"crmLevelSwitch":0,"idStr":"3526559826877147","authorIdStr":"3526559826877147"},"content":"建议和其他省份同等待遇[笑哭]","text":"建议和其他省份同等待遇[笑哭]","html":"建议和其他省份同等待遇[笑哭]"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604053063697176,"gmtCreate":1788510944698,"gmtModify":1788510947198,"author":{"id":"4212982252329032","authorId":"4212982252329032","name":"圆头蝴蝶","avatar":"https://static.tigerbbs.com/11f975c3d0ccf067e1b550357847e22c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4212982252329032","authorIdStr":"4212982252329032"},"themes":[],"title":"","htmlText":"美股嘉豪","listText":"美股嘉豪","text":"美股嘉豪","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604053063697176","repostId":"1100299075","repostType":2,"repost":{"id":"1100299075","kind":"news","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":1788505051,"share":"https://www.laohunote.com/m/news/1100299075?lang=zh_CN&edition=full","pubTime":"2026-09-04 14:57","market":"us","language":"zh","title":"Lululemon盘后暴跌逾18%!“大空头”Burry最大持仓遭重创:跌破100美元将继续加仓","url":"https://stock-news.laohu8.com/highlight/detail?id=1100299075","media":"老虎资讯综合","summary":"不过,面对股价大幅下挫,Burry并未选择离场,反而表示,如果Lululemon股价跌破100美元,他计划进一步加仓。财报再度爆雷,Lululemon盘后暴跌逾18%Lululemon第二季度营收同比下降4%至24.2亿美元,同店销售额下降9%。业绩公布后,Lululemon盘后股价一度下挫逾18%。Burry表示,他将继续持有Lululemon,如果股价在周五早盘跌至100美元以下,还会进一步买入。据相关持仓数据,Lululemon目前约占Burry投资组合的17.4%。","content":"<html><head></head><body><p style=\"text-align: left;\"><span><a href=\"https://laohu8.com/S/LULU\">Lululemon Athletica</a>周四盘后股价暴跌逾18%,此前公司公布的2026财年第二季度业绩再度令市场失望,并下调全年业绩展望。</span></p><p style=\"text-align: left;\"><span>此次大跌也令《大空头》原型投资者Michael Burry备受关注——Lululemon目前已成为其投资组合中的最大持仓。<br/>不过,面对股价大幅下挫,Burry并未选择离场,反而表示,如果Lululemon股价跌破100美元,他计划进一步加仓。</span></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3cacce97ad070fd5bce31693d947e346\" data-align=\"center\" tg-width=\"1280\" tg-height=\"960\"/><span></span></p><h2 style=\"text-align: left;\"><strong>财报再度爆雷,Lululemon盘后暴跌逾18%</strong></h2><p style=\"text-align: left;\"><span>Lululemon第二季度营收同比下降4%至24.2亿美元,同店销售额下降9%。公司同时下调全年业绩展望,主要受到北美市场需求疲软影响,目前预计2026财年销售额将同比下降5%-7%。</span></p><p style=\"text-align: left;\"><span>Lululemon临时联席CEO兼CFO Meghan Frank在业绩会上表示,进入第三季度后,虽然消费者对部分营销活动及新款产品反应良好,但整体新品推出后的市场反馈仍不稳定,公司在两个最大市场的品牌表现持续承压。</span></p><p style=\"text-align: left;\"><span>业绩公布后,Lululemon盘后股价一度下挫逾18%。此前周四常规交易时段,公司股价收升1.4%。过去12个月,Lululemon股价累计跌幅已达到约38%,今年以来表现亦位居运动服饰板块后列。</span></p><h2 style=\"text-align: left;\"><span><strong>最大持仓遭重创,Burry:跌破100美元继续买</strong></span></h2><p style=\"text-align: left;\"><span>Lululemon的大跌尤其受到市场关注,因为这只股票目前已经成为Michael Burry投资组合中的最大持仓。</span></p><p style=\"text-align: left;\"><span>Burry周四在Substack发文形容,Lululemon如今是自己投资组合中的“trickster(捣蛋鬼)”,而且这一次,“捣蛋鬼”恰恰是自己的最大持仓。</span></p><p style=\"text-align: left;\"><span>尽管股价继续下跌,Burry对Lululemon的投资逻辑并未明显动摇。他表示,自己在财报公布前已经预期公司会交出一个疲弱的季度,并曾多次提醒相关风险。</span></p><p style=\"text-align: left;\"><span>Burry表示,他将继续持有Lululemon,如果股价在周五早盘跌至100美元以下,还会进一步买入。<br/>“较我上一次买入的价格已经下跌约20%。按照我的规则,要么继续买入,要么卖出。”</span></p><p style=\"text-align: left;\"><span>据相关持仓数据,Lululemon目前约占Burry投资组合的17.4%。市场评论人士Sam Badawi表示,Burry计划在100美元以下积极买入,并认为从长期来看,私募股权机构收购可能成为Lululemon潜在的最终出路之一。</span></p><h2 style=\"text-align: left;\"><span><strong>Burry押注的仍是“深跌后的价值修复”</strong></span></h2><p style=\"text-align: left;\"><span>面对Lululemon持续下跌,Burry将此次投资与自己过去经历过的大幅回撤案例进行比较。<br/>他提到,自己曾于2001年以约12美元买入Avanti,随后股价一路跌至2美元附近,但他在下跌过程中继续买入,最终该公司以每股22美元的价格被收购。</span></p><p style=\"text-align: left;\"><span>Burry还列举Adobe、Molina Healthcare和Veeva Systems等投资案例,指出部分重仓股都曾经历大幅下跌,之后才出现价值修复。<br/>在他看来,面对剧烈波动,仅有耐心并不足够,更重要的是投资者能否在核心逻辑没有改变的情况下继续坚持持仓。</span></p><p style=\"text-align: left;\"><span>不过,华尔街目前对Lululemon的态度明显更加谨慎。分析师Nicholas Mugalli指出,随着公司基本面持续承压,华尔街已经普遍</span></p><p style=\"text-align: left;\"><span>回对Lululemon的“买入”评级,该股亦成为今年运动服饰板块表现最差的股票之一。</span></p><p style=\"text-align: left;\"><span>散户情绪同样快速降温。Stocktwits数据显示,Lululemon的散户情绪由前一日的“极度看涨”迅速降至“看跌”,过去一周相关讨论量激增逾3000%。</span></p><p style=\"text-align: left;\"><span>对于Burry而言,这笔投资正在进入更关键的阶段:一边是北美需求疲软、同店销售下滑以及全年指引遭下调,另一边则是股价经历长期大跌后估值持续压缩。随着Lululemon逼近Burry所提到的100美元加仓线,市场接下来关注的焦点,也将从“Burry是否看错”,逐渐转向他是否会兑现承诺,在股价进一步下跌时继续大举加仓。</span></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>Lululemon盘后暴跌逾18%!“大空头”Burry最大持仓遭重创:跌破100美元将继续加仓</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\">\nLululemon盘后暴跌逾18%!“大空头”Burry最大持仓遭重创:跌破100美元将继续加仓\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\">2026-09-04 14:57</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\"><span><a href=\"https://laohu8.com/S/LULU\">Lululemon Athletica</a>周四盘后股价暴跌逾18%,此前公司公布的2026财年第二季度业绩再度令市场失望,并下调全年业绩展望。</span></p><p style=\"text-align: left;\"><span>此次大跌也令《大空头》原型投资者Michael Burry备受关注——Lululemon目前已成为其投资组合中的最大持仓。<br/>不过,面对股价大幅下挫,Burry并未选择离场,反而表示,如果Lululemon股价跌破100美元,他计划进一步加仓。</span></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3cacce97ad070fd5bce31693d947e346\" data-align=\"center\" tg-width=\"1280\" tg-height=\"960\"/><span></span></p><h2 style=\"text-align: left;\"><strong>财报再度爆雷,Lululemon盘后暴跌逾18%</strong></h2><p style=\"text-align: left;\"><span>Lululemon第二季度营收同比下降4%至24.2亿美元,同店销售额下降9%。公司同时下调全年业绩展望,主要受到北美市场需求疲软影响,目前预计2026财年销售额将同比下降5%-7%。</span></p><p style=\"text-align: left;\"><span>Lululemon临时联席CEO兼CFO Meghan Frank在业绩会上表示,进入第三季度后,虽然消费者对部分营销活动及新款产品反应良好,但整体新品推出后的市场反馈仍不稳定,公司在两个最大市场的品牌表现持续承压。</span></p><p style=\"text-align: left;\"><span>业绩公布后,Lululemon盘后股价一度下挫逾18%。此前周四常规交易时段,公司股价收升1.4%。过去12个月,Lululemon股价累计跌幅已达到约38%,今年以来表现亦位居运动服饰板块后列。</span></p><h2 style=\"text-align: left;\"><span><strong>最大持仓遭重创,Burry:跌破100美元继续买</strong></span></h2><p style=\"text-align: left;\"><span>Lululemon的大跌尤其受到市场关注,因为这只股票目前已经成为Michael Burry投资组合中的最大持仓。</span></p><p style=\"text-align: left;\"><span>Burry周四在Substack发文形容,Lululemon如今是自己投资组合中的“trickster(捣蛋鬼)”,而且这一次,“捣蛋鬼”恰恰是自己的最大持仓。</span></p><p style=\"text-align: left;\"><span>尽管股价继续下跌,Burry对Lululemon的投资逻辑并未明显动摇。他表示,自己在财报公布前已经预期公司会交出一个疲弱的季度,并曾多次提醒相关风险。</span></p><p style=\"text-align: left;\"><span>Burry表示,他将继续持有Lululemon,如果股价在周五早盘跌至100美元以下,还会进一步买入。<br/>“较我上一次买入的价格已经下跌约20%。按照我的规则,要么继续买入,要么卖出。”</span></p><p style=\"text-align: left;\"><span>据相关持仓数据,Lululemon目前约占Burry投资组合的17.4%。市场评论人士Sam Badawi表示,Burry计划在100美元以下积极买入,并认为从长期来看,私募股权机构收购可能成为Lululemon潜在的最终出路之一。</span></p><h2 style=\"text-align: left;\"><span><strong>Burry押注的仍是“深跌后的价值修复”</strong></span></h2><p style=\"text-align: left;\"><span>面对Lululemon持续下跌,Burry将此次投资与自己过去经历过的大幅回撤案例进行比较。<br/>他提到,自己曾于2001年以约12美元买入Avanti,随后股价一路跌至2美元附近,但他在下跌过程中继续买入,最终该公司以每股22美元的价格被收购。</span></p><p style=\"text-align: left;\"><span>Burry还列举Adobe、Molina Healthcare和Veeva Systems等投资案例,指出部分重仓股都曾经历大幅下跌,之后才出现价值修复。<br/>在他看来,面对剧烈波动,仅有耐心并不足够,更重要的是投资者能否在核心逻辑没有改变的情况下继续坚持持仓。</span></p><p style=\"text-align: left;\"><span>不过,华尔街目前对Lululemon的态度明显更加谨慎。分析师Nicholas Mugalli指出,随着公司基本面持续承压,华尔街已经普遍</span></p><p style=\"text-align: left;\"><span>回对Lululemon的“买入”评级,该股亦成为今年运动服饰板块表现最差的股票之一。</span></p><p style=\"text-align: left;\"><span>散户情绪同样快速降温。Stocktwits数据显示,Lululemon的散户情绪由前一日的“极度看涨”迅速降至“看跌”,过去一周相关讨论量激增逾3000%。</span></p><p style=\"text-align: left;\"><span>对于Burry而言,这笔投资正在进入更关键的阶段:一边是北美需求疲软、同店销售下滑以及全年指引遭下调,另一边则是股价经历长期大跌后估值持续压缩。随着Lululemon逼近Burry所提到的100美元加仓线,市场接下来关注的焦点,也将从“Burry是否看错”,逐渐转向他是否会兑现承诺,在股价进一步下跌时继续大举加仓。</span></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://community-static.tradeup.com/news/3cacce97ad070fd5bce31693d947e346","relate_stocks":{"LULG":"2倍做多LULU ETF-Leverage Shares","LULU":"lululemon athletica"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100299075","content_text":"Lululemon Athletica周四盘后股价暴跌逾18%,此前公司公布的2026财年第二季度业绩再度令市场失望,并下调全年业绩展望。此次大跌也令《大空头》原型投资者Michael Burry备受关注——Lululemon目前已成为其投资组合中的最大持仓。不过,面对股价大幅下挫,Burry并未选择离场,反而表示,如果Lululemon股价跌破100美元,他计划进一步加仓。财报再度爆雷,Lululemon盘后暴跌逾18%Lululemon第二季度营收同比下降4%至24.2亿美元,同店销售额下降9%。公司同时下调全年业绩展望,主要受到北美市场需求疲软影响,目前预计2026财年销售额将同比下降5%-7%。Lululemon临时联席CEO兼CFO Meghan Frank在业绩会上表示,进入第三季度后,虽然消费者对部分营销活动及新款产品反应良好,但整体新品推出后的市场反馈仍不稳定,公司在两个最大市场的品牌表现持续承压。业绩公布后,Lululemon盘后股价一度下挫逾18%。此前周四常规交易时段,公司股价收升1.4%。过去12个月,Lululemon股价累计跌幅已达到约38%,今年以来表现亦位居运动服饰板块后列。最大持仓遭重创,Burry:跌破100美元继续买Lululemon的大跌尤其受到市场关注,因为这只股票目前已经成为Michael Burry投资组合中的最大持仓。Burry周四在Substack发文形容,Lululemon如今是自己投资组合中的“trickster(捣蛋鬼)”,而且这一次,“捣蛋鬼”恰恰是自己的最大持仓。尽管股价继续下跌,Burry对Lululemon的投资逻辑并未明显动摇。他表示,自己在财报公布前已经预期公司会交出一个疲弱的季度,并曾多次提醒相关风险。Burry表示,他将继续持有Lululemon,如果股价在周五早盘跌至100美元以下,还会进一步买入。“较我上一次买入的价格已经下跌约20%。按照我的规则,要么继续买入,要么卖出。”据相关持仓数据,Lululemon目前约占Burry投资组合的17.4%。市场评论人士Sam Badawi表示,Burry计划在100美元以下积极买入,并认为从长期来看,私募股权机构收购可能成为Lululemon潜在的最终出路之一。Burry押注的仍是“深跌后的价值修复”面对Lululemon持续下跌,Burry将此次投资与自己过去经历过的大幅回撤案例进行比较。他提到,自己曾于2001年以约12美元买入Avanti,随后股价一路跌至2美元附近,但他在下跌过程中继续买入,最终该公司以每股22美元的价格被收购。Burry还列举Adobe、Molina Healthcare和Veeva Systems等投资案例,指出部分重仓股都曾经历大幅下跌,之后才出现价值修复。在他看来,面对剧烈波动,仅有耐心并不足够,更重要的是投资者能否在核心逻辑没有改变的情况下继续坚持持仓。不过,华尔街目前对Lululemon的态度明显更加谨慎。分析师Nicholas Mugalli指出,随着公司基本面持续承压,华尔街已经普遍回对Lululemon的“买入”评级,该股亦成为今年运动服饰板块表现最差的股票之一。散户情绪同样快速降温。Stocktwits数据显示,Lululemon的散户情绪由前一日的“极度看涨”迅速降至“看跌”,过去一周相关讨论量激增逾3000%。对于Burry而言,这笔投资正在进入更关键的阶段:一边是北美需求疲软、同店销售下滑以及全年指引遭下调,另一边则是股价经历长期大跌后估值持续压缩。随着Lululemon逼近Burry所提到的100美元加仓线,市场接下来关注的焦点,也将从“Burry是否看错”,逐渐转向他是否会兑现承诺,在股价进一步下跌时继续大举加仓。","news_type":1,"symbols_score_info":{"LULG":0.6,"LULU":2.1}},"isVote":1,"tweetType":1,"viewCount":408,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":601291933033424,"gmtCreate":1787836789805,"gmtModify":1787837829823,"author":{"id":"4212982252329032","authorId":"4212982252329032","name":"圆头蝴蝶","avatar":"https://static.tigerbbs.com/11f975c3d0ccf067e1b550357847e22c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4212982252329032","authorIdStr":"4212982252329032"},"themes":[],"title":"","htmlText":"死鸭子嘴硬","listText":"死鸭子嘴硬","text":"死鸭子嘴硬","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/601291933033424","repostId":"2662779042","repostType":2,"repost":{"id":"2662779042","kind":"highlight","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":1787819405,"share":"https://www.laohunote.com/m/news/2662779042?lang=zh_CN&edition=full","pubTime":"2026-08-27 16:30","market":"us","language":"zh","title":"“大空头”Michael Burry买入英伟达看涨期权“对冲”,同时加码做空","url":"https://stock-news.laohu8.com/highlight/detail?id=2662779042","media":"华尔街见闻","summary":"Burry在社交平台Substack中披露,英伟达财报前买入12月到期、行权价200美元中高区间的看涨期权(占组合3.5%-4%),但强调这仅用于“对冲其空头敞口”而非看多。他认为英伟达垄断优势难持久且AI资本开支将挤压回报,目前其做空英伟达、甲骨文等多只股票的空头仓位已超投资组合的21%。","content":"<html><head></head><body><blockquote><p>Michael Burry在Substack披露,他在财报前买入了英伟达12月到期的看涨期权(行权价200多美元中高段,占组合3.5%-4%),但强调这仅为“对冲”而非看多。同时,他目前做空英伟达、甲骨文等多只股票的空头仓位已超组合的21%,因其认为英伟达垄断难持久、资本开支将挤压回报。</p></blockquote><p style=\"text-align: justify;\">英伟达财报前夕,长期看空者Michael Burry罕见出手买入该股看涨期权,但他明确表示这不过是一次"对冲",其看空立场依然未变。</p><p style=\"text-align: justify;\">据StockTwits 27日报道,Burry在社交平台Substack中披露,<strong>已买入12月到期、行权价位于200美元中高区间的英伟达看涨期权,并将该仓位定性为对冲其庞大空头敞口的工具。</strong></p><p style=\"text-align: justify;\">与此同时,<strong>他进一步加码做空英伟达、甲骨文(Oracle)、Palantir、Nebius和卡特彼勒(Caterpillar),目前其空头股票仓位(不含看跌期权)已超过整体投资组合的21%。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0064e6fee69bedad1c0a7a4ab36141d9\" tg-width=\"1024\" tg-height=\"1039\"/></p><p style=\"text-align: justify;\"><strong>面对这种“一边加码做空、一边买看涨期权”的操作,Burry特别澄清这并非看好股价:</strong>“我做这笔交易并不是为了靠上涨获利。”他表示,如果不是自己手中握有庞大的做空和看跌期权(Put)头寸,他根本不会买入看涨期权。买看涨期权虽然支付了权利金,但已被其做空头寸的收益完全抵消。目前这笔涨期权仓位约占其投资组合的3.5%至4%。</p><p style=\"text-align: justify;\">而这种"Buying Calls as Hedge against a massive Short"的期权组合策略,本质上是在"扩大做空规模"的同时,花了一小笔钱买了一份"防暴涨保险",其整体的实际空头头寸(Short Position)反而是在增加的。</p><p style=\"text-align: justify;\">他坦言,历史上他在财报前围绕空头仓位使用此类策略,但承认"过往记录并不出色"。他同时指出,英伟达近期财报后的股价走势"跌多涨少",而即将公布的财报结果"不过是一次掷硬币"。"市场并不相信,"他写道,"今天或许会暂时重建信心,但也只是暂时的。"</p><h2 id=\"c4b9bca\">估值逻辑:垄断优势将尽,盈利面临冲击</h2><p style=\"text-align: justify;\">尽管Burry承认英伟达表面上市盈率偏低、且坐拥垄断定价权,看似"明显低估",但他认为这一表象具有误导性。</p><p style=\"text-align: justify;\">他的核心论点在于:<strong>英伟达的垄断地位存续时间将短于市场预期,盈利利润率随之下滑;公司"不会向股东分配足够的回报",资本将更多流向资本开支和多元化投资;而其在"泡沫顶部附近及穿越顶部"的持续投入,可能在"并不遥远的未来"导致盈利出现"惊人的下滑"。</strong></p><p style=\"text-align: justify;\">他将英伟达AI扩张与安然的融资结构相提并论,并此前在Substack发文指出,当前AI基础设施投资热潮中,大量资本开支并未对应真实终端需求,而是通过不透明融资结构自我循环,存在系统性高估风险。</p><h2 id=\"21\">空头仓位全面扩张,超过组合21%</h2><p style=\"text-align: justify;\"><strong>Burry本周加码做空了英伟达、甲骨文、Palantir、Nebius和卡特彼勒。其空头股票仓位(不含看跌期权)目前已超过整体投资组合的21%。</strong></p><p style=\"text-align: justify;\">与此同时,他也在多头方向积累仓位。他以30美元中段价格加仓Birkenstock(BIRK),称已建成完整仓位;以5美元中段加仓房地美(Freddie Mac,FMCC),并表示在房利美(Fannie Mae)持有大额仓位。</p><p style=\"text-align: justify;\">从更长周期看,Burry今年的多空策略承受着明显的市场压力。截至目前,他做空的英伟达年内累计上涨逾12%,Nebius更飙涨逾150%;而他做多的Palantir年内下跌近5%,甲骨文跌逾23%。</p><p style=\"text-align: justify;\">在交易层面持续承压的背景下,其Substack付费订阅通讯"Cassandra Unchained"上线231天已突破30万订阅者,按年费379美元测算,理论年收入约1.137亿美元,成为其另一条引人关注的收益线。</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 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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“大空头”Michael Burry买入英伟达看涨期权“对冲”,同时加码做空\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\">2026-08-27 16:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><blockquote><p>Michael Burry在Substack披露,他在财报前买入了英伟达12月到期的看涨期权(行权价200多美元中高段,占组合3.5%-4%),但强调这仅为“对冲”而非看多。同时,他目前做空英伟达、甲骨文等多只股票的空头仓位已超组合的21%,因其认为英伟达垄断难持久、资本开支将挤压回报。</p></blockquote><p style=\"text-align: justify;\">英伟达财报前夕,长期看空者Michael Burry罕见出手买入该股看涨期权,但他明确表示这不过是一次"对冲",其看空立场依然未变。</p><p style=\"text-align: justify;\">据StockTwits 27日报道,Burry在社交平台Substack中披露,<strong>已买入12月到期、行权价位于200美元中高区间的英伟达看涨期权,并将该仓位定性为对冲其庞大空头敞口的工具。</strong></p><p style=\"text-align: justify;\">与此同时,<strong>他进一步加码做空英伟达、甲骨文(Oracle)、Palantir、Nebius和卡特彼勒(Caterpillar),目前其空头股票仓位(不含看跌期权)已超过整体投资组合的21%。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0064e6fee69bedad1c0a7a4ab36141d9\" tg-width=\"1024\" tg-height=\"1039\"/></p><p style=\"text-align: justify;\"><strong>面对这种“一边加码做空、一边买看涨期权”的操作,Burry特别澄清这并非看好股价:</strong>“我做这笔交易并不是为了靠上涨获利。”他表示,如果不是自己手中握有庞大的做空和看跌期权(Put)头寸,他根本不会买入看涨期权。买看涨期权虽然支付了权利金,但已被其做空头寸的收益完全抵消。目前这笔涨期权仓位约占其投资组合的3.5%至4%。</p><p style=\"text-align: justify;\">而这种"Buying Calls as Hedge against a massive Short"的期权组合策略,本质上是在"扩大做空规模"的同时,花了一小笔钱买了一份"防暴涨保险",其整体的实际空头头寸(Short Position)反而是在增加的。</p><p style=\"text-align: justify;\">他坦言,历史上他在财报前围绕空头仓位使用此类策略,但承认"过往记录并不出色"。他同时指出,英伟达近期财报后的股价走势"跌多涨少",而即将公布的财报结果"不过是一次掷硬币"。"市场并不相信,"他写道,"今天或许会暂时重建信心,但也只是暂时的。"</p><h2 id=\"c4b9bca\">估值逻辑:垄断优势将尽,盈利面临冲击</h2><p style=\"text-align: justify;\">尽管Burry承认英伟达表面上市盈率偏低、且坐拥垄断定价权,看似"明显低估",但他认为这一表象具有误导性。</p><p style=\"text-align: justify;\">他的核心论点在于:<strong>英伟达的垄断地位存续时间将短于市场预期,盈利利润率随之下滑;公司"不会向股东分配足够的回报",资本将更多流向资本开支和多元化投资;而其在"泡沫顶部附近及穿越顶部"的持续投入,可能在"并不遥远的未来"导致盈利出现"惊人的下滑"。</strong></p><p style=\"text-align: justify;\">他将英伟达AI扩张与安然的融资结构相提并论,并此前在Substack发文指出,当前AI基础设施投资热潮中,大量资本开支并未对应真实终端需求,而是通过不透明融资结构自我循环,存在系统性高估风险。</p><h2 id=\"21\">空头仓位全面扩张,超过组合21%</h2><p style=\"text-align: justify;\"><strong>Burry本周加码做空了英伟达、甲骨文、Palantir、Nebius和卡特彼勒。其空头股票仓位(不含看跌期权)目前已超过整体投资组合的21%。</strong></p><p style=\"text-align: justify;\">与此同时,他也在多头方向积累仓位。他以30美元中段价格加仓Birkenstock(BIRK),称已建成完整仓位;以5美元中段加仓房地美(Freddie Mac,FMCC),并表示在房利美(Fannie Mae)持有大额仓位。</p><p style=\"text-align: justify;\">从更长周期看,Burry今年的多空策略承受着明显的市场压力。截至目前,他做空的英伟达年内累计上涨逾12%,Nebius更飙涨逾150%;而他做多的Palantir年内下跌近5%,甲骨文跌逾23%。</p><p style=\"text-align: justify;\">在交易层面持续承压的背景下,其Substack付费订阅通讯"Cassandra Unchained"上线231天已突破30万订阅者,按年费379美元测算,理论年收入约1.137亿美元,成为其另一条引人关注的收益线。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/71cd54827eeee4802f0d242902de8bb3","relate_stocks":{"TTXU":"Direxion Daily Technology Top 5 Bull 2X ETF","NVDY":"NVDA期权收益策略ETF-YieldMax","CHAT":"ROUNDHILL GENERATIVE AI & TECHNOLOGY ETF","NVD":"2倍做空NVDA ETF-GraniteShares","TYLG":"GLOBAL X INFORMATION TECHNOLOGY COVERED CALL & GROWTH ETF","ANV":"GraniteShares Autocallable NVDA ETF","XLK":"高科技指数ETF-SPDR","NVDB":"ProShares Ultra NVDA ETF","THMR":"THOR AdaptiveRisk Dynamic ETF","NVII":"Rex NVDA Growth & Income ETF","IXN":"iShares Trust S&P Global Informa","NVDD":"1倍做空NVDA ETF-Direxion","ARTY":"ISHARES FUTURE AI & TECH ETF","CLSE":"Convergence Long/Short Equity ETF","ESUM":"EVENTIDE US MARKET ETF","TEK":"iShares Technology Opportunities Active ETF","ROM":"ProShares Ultra Technology","NVDG":"2倍做多NVDA ETF- Leverage Shares","SMH":"半导体指数ETF-HOLDRs","ILDR":"First Trust Innovation Leaders ETF","GAMR":"Amplify Video Game Leaders ETF","NVDL":"2倍做多NVDA ETF-GraniteShares","SNVD.UK":"LS -1X NVIDIA","TTEQ":"T. Rowe Price Technology ETF","SNPE":"Xtrackers S&P 500 Scored & Screened ETF","CNEQ":"Alger Concentrated Equity ETF","2NVD.UK":"2X NVIDIA ETP","DIPS":"做空NVDA期权收益策略ETF-YieldMax","NVIW.SI":"NVDA 3xLongSG261006","NVDA":"英伟达","NVDQ":"2倍做空NVDA ETF-T-Rex","NVDS":"1.5倍做空NVDA ETF-Tradr","ESLG":"Eventide Large Cap Growth ETF","TRFK":"PACER DATA AND DIGITAL REVOLUTION ETF","VT":"世界全股市ETF-Vanguard","AIFD":"TCW Artificial Intelligence ETF","AIPI":"REX AI EQUITY PREMIUM INCOME ETF","FTEC":"Fidelity MSCI Information Techno","NULC":"Nuveen ESG Large-Cap ETF","NVDU":"2倍做多NVDA ETF-Direxion","FDTX":"Fidelity Disruptive Technology ETF","JGRO":"Jpmorgan Active Growth ETF","EFIV":"SPDR S&P 500 ESG ETF","NVDW":"NVDA周配息ETF-Roundhill","SMHX":"VanEck Fabless Semiconductor ETF","ABFL":"ABACUS FCF LEADERS ETF","VGT":"信息技术ETF-Vanguard","AGOX":"Adaptive Alpha Opportunities ETF","NVDX":"2倍做多NVDA ETF-T-Rex","NVDO":"2倍上限加速NVDA ETF-Leverage Shares"},"source_url":"https://wallstreetcn.com/articles/3780433","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2662779042","content_text":"Michael Burry在Substack披露,他在财报前买入了英伟达12月到期的看涨期权(行权价200多美元中高段,占组合3.5%-4%),但强调这仅为“对冲”而非看多。同时,他目前做空英伟达、甲骨文等多只股票的空头仓位已超组合的21%,因其认为英伟达垄断难持久、资本开支将挤压回报。英伟达财报前夕,长期看空者Michael Burry罕见出手买入该股看涨期权,但他明确表示这不过是一次\"对冲\",其看空立场依然未变。据StockTwits 27日报道,Burry在社交平台Substack中披露,已买入12月到期、行权价位于200美元中高区间的英伟达看涨期权,并将该仓位定性为对冲其庞大空头敞口的工具。与此同时,他进一步加码做空英伟达、甲骨文(Oracle)、Palantir、Nebius和卡特彼勒(Caterpillar),目前其空头股票仓位(不含看跌期权)已超过整体投资组合的21%。面对这种“一边加码做空、一边买看涨期权”的操作,Burry特别澄清这并非看好股价:“我做这笔交易并不是为了靠上涨获利。”他表示,如果不是自己手中握有庞大的做空和看跌期权(Put)头寸,他根本不会买入看涨期权。买看涨期权虽然支付了权利金,但已被其做空头寸的收益完全抵消。目前这笔涨期权仓位约占其投资组合的3.5%至4%。而这种\"Buying Calls as Hedge against a massive Short\"的期权组合策略,本质上是在\"扩大做空规模\"的同时,花了一小笔钱买了一份\"防暴涨保险\",其整体的实际空头头寸(Short Position)反而是在增加的。他坦言,历史上他在财报前围绕空头仓位使用此类策略,但承认\"过往记录并不出色\"。他同时指出,英伟达近期财报后的股价走势\"跌多涨少\",而即将公布的财报结果\"不过是一次掷硬币\"。\"市场并不相信,\"他写道,\"今天或许会暂时重建信心,但也只是暂时的。\"估值逻辑:垄断优势将尽,盈利面临冲击尽管Burry承认英伟达表面上市盈率偏低、且坐拥垄断定价权,看似\"明显低估\",但他认为这一表象具有误导性。他的核心论点在于:英伟达的垄断地位存续时间将短于市场预期,盈利利润率随之下滑;公司\"不会向股东分配足够的回报\",资本将更多流向资本开支和多元化投资;而其在\"泡沫顶部附近及穿越顶部\"的持续投入,可能在\"并不遥远的未来\"导致盈利出现\"惊人的下滑\"。他将英伟达AI扩张与安然的融资结构相提并论,并此前在Substack发文指出,当前AI基础设施投资热潮中,大量资本开支并未对应真实终端需求,而是通过不透明融资结构自我循环,存在系统性高估风险。空头仓位全面扩张,超过组合21%Burry本周加码做空了英伟达、甲骨文、Palantir、Nebius和卡特彼勒。其空头股票仓位(不含看跌期权)目前已超过整体投资组合的21%。与此同时,他也在多头方向积累仓位。他以30美元中段价格加仓Birkenstock(BIRK),称已建成完整仓位;以5美元中段加仓房地美(Freddie Mac,FMCC),并表示在房利美(Fannie Mae)持有大额仓位。从更长周期看,Burry今年的多空策略承受着明显的市场压力。截至目前,他做空的英伟达年内累计上涨逾12%,Nebius更飙涨逾150%;而他做多的Palantir年内下跌近5%,甲骨文跌逾23%。在交易层面持续承压的背景下,其Substack付费订阅通讯\"Cassandra Unchained\"上线231天已突破30万订阅者,按年费379美元测算,理论年收入约1.137亿美元,成为其另一条引人关注的收益线。","news_type":1,"symbols_score_info":{"NULC":0.6,"NVDX":0.6,"TYLG":0.6,"IXN":0.6,"NVDS":0.6,"DIPS":0.6,"EFIV":0.6,"NVDD":0.6,"NVDB":0.6,"NVDL":0.6,"FDTX":0.6,"TTEQ":0.6,"NVDY":0.6,"ROM":0.6,"TEK":0.6,"CHAT":0.6,"ESLG":0.6,"NVDU":0.6,"GAMR":0.6,"ILDR":0.6,"NVDG":0.6,"ARTY":0.6,"NVDW":0.6,"SMHX":0.6,"NVIW.SI":0.6,"ABFL":0.6,"NVD":0.6,"TTXU":0.6,"AGOX":0.6,"VT":0.6,"VGT":0.6,"AIPI":0.6,"NVDO":0.6,"JGRO":0.6,"THMR":0.6,"ANV":0.6,"FTEC":0.6,"NVII":0.6,"AIFD":0.6,"NVDA":1.5,"ESUM":0.6,"TRFK":0.6,"XLK":0.6,"SMH":0.6,"SNPE":0.6,"CNEQ":0.6,"SNVD.UK":0.6,"NVDQ":0.6,"2NVD.UK":0.6,"CLSE":0.6}},"isVote":1,"tweetType":1,"viewCount":321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":598433414563272,"gmtCreate":1787120136923,"gmtModify":1787120847200,"author":{"id":"4212982252329032","authorId":"4212982252329032","name":"圆头蝴蝶","avatar":"https://static.tigerbbs.com/11f975c3d0ccf067e1b550357847e22c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4212982252329032","authorIdStr":"4212982252329032"},"themes":[],"title":"","htmlText":"wood还是继续买她的大火箭吧 纯纯被套傻了","listText":"wood还是继续买她的大火箭吧 纯纯被套傻了","text":"wood还是继续买她的大火箭吧 纯纯被套傻了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/598433414563272","repostId":"2660411691","repostType":2,"repost":{"id":"2660411691","kind":"highlight","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":1787113116,"share":"https://www.laohunote.com/m/news/2660411691?lang=zh_CN&edition=full","pubTime":"2026-08-19 12:18","market":"hk","language":"zh","title":"为什么不买存储股?这是两位大佬的回答","url":"https://stock-news.laohu8.com/highlight/detail?id=2660411691","media":"华尔街见闻","summary":"当AI基础设施热潮将存储芯片股推上风口,方舟投资Cathie Wood与科技分析师Ben Thompson却选择回避。前者警告:价格翻数倍是负面信号,Cerebras、Groq等推理芯片已在工程层面绕开高带宽内存;后者以伊朗封锁霍尔木兹海峡为喻——这张牌打出去,对手只会加速另寻出路。存储的高光时刻,或正是其被替代的起点。","content":"<html><head></head><body><p style=\"text-align: left;\">在AI基础设施投资热潮中,存储芯片股看似受益于算力需求爆发,但两位知名投资人和科技分析师却对此保持谨慎。他们的理由不约而同地指向同一个核心判断:存储的高价格和高利润,正在催生消灭自身的力量。</p><p style=\"text-align: left;\">方舟投资(ARK Invest)创始人Cathie Wood在近期播客节目中公开解释了她不持有存储股的原因。她认为,存储是半导体产业链中商品化程度最高、周期性最强的环节,而当前价格的大幅上涨并非科技行业的正常状态,本质上是一个负面信号。</p><p style=\"text-align: left;\">与此同时,科技战略分析师Ben Thompson则以更为犀利的比喻警告,存储厂商正在重蹈伊朗封锁霍尔木兹海峡的覆辙——短期奏效,长期却将推动整个行业绕道而行。</p><p style=\"text-align: left;\">两人的判断对当前追捧存储股的市场情绪构成直接挑战。在AI推理需求快速扩张的背景下,高带宽内存(HBM)供应商股价持续受到追捧,但这两位投资人的逻辑提示投资者,需警惕技术路线切换和需求侧主动规避所带来的结构性风险。</p><h2 style=\"text-align: left;\">Cathie Wood:高价格是警示,而非利好</h2><p style=\"text-align: left;\">Cathie Wood在近期视频中直接回应了外界对她不持有存储股的疑问。她坦言,多年的投资经验或许让她对周期性行业保持了更高的警惕。</p><p style=\"text-align: left;\">在她看来,存储是整个半导体产业链中商品化程度最高的环节,历史上周期波动剧烈。而当前高带宽内存价格翻三倍、四倍乃至十倍的走势,在科技行业并不正常。"大多数人认为这是巨大的利好,但这实际上是一个负面信号,"她表示。</p><p style=\"text-align: left;\">她进一步从现金流角度佐证这一判断。她提到,近期一张图表显示,芯片股的自由现金流与超大规模云计算运营商(hyperscalers)的自由现金流呈现出完全相反的走势——前者受益,后者承压。但她强调,这种状态是暂时的。</p><p style=\"text-align: left;\"><strong>更关键的是,Cathie Wood指出,技术创新正在从需求侧主动消解对高带宽内存的依赖。她以Cerebras和Groq为例——其中ARK的风险投资基金持有Groq股份——这两家推理芯片公司的架构设计均不需要高带宽内存。</strong></p><p style=\"text-align: left;\">她将这一趋势类比于<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>将钴从电池中剔除的过程:一旦某种供应链要素价格高企或存在风险,工程师就会想办法绕开它。"在推理领域,我们正在看到对高带宽内存需求被工程技术所取代,"她说。</p><h2 style=\"text-align: left;\">Ben Thompson:存储厂商正在给自己树立靶子</h2><p style=\"text-align: left;\">科技战略分析师Ben Thompson对存储行业的担忧则更侧重于竞争博弈层面。他以一个地缘政治比喻,描述了存储厂商当前所处的战略困境。</p><p style=\"text-align: left;\">"我把存储厂商比作伊朗,"Thompson说。他的逻辑是:霍尔木兹海峡的威慑力,在于它始终是一张可以打出的牌。<strong>一旦真正动用,反而会触发对手彻底绕开它的决心。"现在他们用了这张牌,结果确实奏效了。但阿联酋和沙特阿拉伯会修建输油管道、新建港口,不会让这种事情再次发生。"</strong></p><p style=\"text-align: left;\">他认为,存储厂商当前的高价策略正在制造同样的效应。一方面,<a href=\"https://laohu8.com/S/AAPL\">苹果</a>正在游说引入中国内存供应商,试图打破现有供应格局;另一方面,算法层面的首要优化方向,已经变成了"如何减少内存使用量"。</p><p style=\"text-align: left;\">"我担心存储厂商可能做了同样的事,"Thompson表示,"没有人会让自己在内存问题上再次陷入这种被动局面。"他的结论是,从长远来看,存储厂商通过制造如此巨大的"攻击目标",可能最终会自食其果。</p><h2 style=\"text-align: left;\">两种逻辑,同一个结论</h2><p style=\"text-align: left;\">尽管Cathie Wood和Ben Thompson的分析框架不同,但两人的结论高度一致:存储股当前的强势,正在加速其自身被替代的进程。</p><p style=\"text-align: left;\">Cathie Wood从技术演进路径出发,强调推理芯片架构的创新将系统性降低对高带宽内存的需求;Ben Thompson则从竞争博弈和供应链政治角度切入,指出高价格和高集中度将驱动买方寻求替代方案,无论是通过算法优化、引入新供应商,还是重新设计系统架构。</p><p style=\"text-align: left;\">两人的判断共同指向一个对投资者而言值得关注的风险:在AI基础设施投资叙事中,存储股的受益逻辑可能比市场预期的更为脆弱,而当前的高景气度,或许正是促使行业加速寻找出路的最强动力。</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>为什么不买存储股?这是两位大佬的回答</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\">\n为什么不买存储股?这是两位大佬的回答\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\">2026-08-19 12:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">在AI基础设施投资热潮中,存储芯片股看似受益于算力需求爆发,但两位知名投资人和科技分析师却对此保持谨慎。他们的理由不约而同地指向同一个核心判断:存储的高价格和高利润,正在催生消灭自身的力量。</p><p style=\"text-align: left;\">方舟投资(ARK Invest)创始人Cathie Wood在近期播客节目中公开解释了她不持有存储股的原因。她认为,存储是半导体产业链中商品化程度最高、周期性最强的环节,而当前价格的大幅上涨并非科技行业的正常状态,本质上是一个负面信号。</p><p style=\"text-align: left;\">与此同时,科技战略分析师Ben Thompson则以更为犀利的比喻警告,存储厂商正在重蹈伊朗封锁霍尔木兹海峡的覆辙——短期奏效,长期却将推动整个行业绕道而行。</p><p style=\"text-align: left;\">两人的判断对当前追捧存储股的市场情绪构成直接挑战。在AI推理需求快速扩张的背景下,高带宽内存(HBM)供应商股价持续受到追捧,但这两位投资人的逻辑提示投资者,需警惕技术路线切换和需求侧主动规避所带来的结构性风险。</p><h2 style=\"text-align: left;\">Cathie Wood:高价格是警示,而非利好</h2><p style=\"text-align: left;\">Cathie Wood在近期视频中直接回应了外界对她不持有存储股的疑问。她坦言,多年的投资经验或许让她对周期性行业保持了更高的警惕。</p><p style=\"text-align: left;\">在她看来,存储是整个半导体产业链中商品化程度最高的环节,历史上周期波动剧烈。而当前高带宽内存价格翻三倍、四倍乃至十倍的走势,在科技行业并不正常。"大多数人认为这是巨大的利好,但这实际上是一个负面信号,"她表示。</p><p style=\"text-align: left;\">她进一步从现金流角度佐证这一判断。她提到,近期一张图表显示,芯片股的自由现金流与超大规模云计算运营商(hyperscalers)的自由现金流呈现出完全相反的走势——前者受益,后者承压。但她强调,这种状态是暂时的。</p><p style=\"text-align: left;\"><strong>更关键的是,Cathie Wood指出,技术创新正在从需求侧主动消解对高带宽内存的依赖。她以Cerebras和Groq为例——其中ARK的风险投资基金持有Groq股份——这两家推理芯片公司的架构设计均不需要高带宽内存。</strong></p><p style=\"text-align: left;\">她将这一趋势类比于<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>将钴从电池中剔除的过程:一旦某种供应链要素价格高企或存在风险,工程师就会想办法绕开它。"在推理领域,我们正在看到对高带宽内存需求被工程技术所取代,"她说。</p><h2 style=\"text-align: left;\">Ben Thompson:存储厂商正在给自己树立靶子</h2><p style=\"text-align: left;\">科技战略分析师Ben Thompson对存储行业的担忧则更侧重于竞争博弈层面。他以一个地缘政治比喻,描述了存储厂商当前所处的战略困境。</p><p style=\"text-align: left;\">"我把存储厂商比作伊朗,"Thompson说。他的逻辑是:霍尔木兹海峡的威慑力,在于它始终是一张可以打出的牌。<strong>一旦真正动用,反而会触发对手彻底绕开它的决心。"现在他们用了这张牌,结果确实奏效了。但阿联酋和沙特阿拉伯会修建输油管道、新建港口,不会让这种事情再次发生。"</strong></p><p style=\"text-align: left;\">他认为,存储厂商当前的高价策略正在制造同样的效应。一方面,<a href=\"https://laohu8.com/S/AAPL\">苹果</a>正在游说引入中国内存供应商,试图打破现有供应格局;另一方面,算法层面的首要优化方向,已经变成了"如何减少内存使用量"。</p><p style=\"text-align: left;\">"我担心存储厂商可能做了同样的事,"Thompson表示,"没有人会让自己在内存问题上再次陷入这种被动局面。"他的结论是,从长远来看,存储厂商通过制造如此巨大的"攻击目标",可能最终会自食其果。</p><h2 style=\"text-align: left;\">两种逻辑,同一个结论</h2><p style=\"text-align: left;\">尽管Cathie Wood和Ben Thompson的分析框架不同,但两人的结论高度一致:存储股当前的强势,正在加速其自身被替代的进程。</p><p style=\"text-align: left;\">Cathie Wood从技术演进路径出发,强调推理芯片架构的创新将系统性降低对高带宽内存的需求;Ben Thompson则从竞争博弈和供应链政治角度切入,指出高价格和高集中度将驱动买方寻求替代方案,无论是通过算法优化、引入新供应商,还是重新设计系统架构。</p><p style=\"text-align: left;\">两人的判断共同指向一个对投资者而言值得关注的风险:在AI基础设施投资叙事中,存储股的受益逻辑可能比市场预期的更为脆弱,而当前的高景气度,或许正是促使行业加速寻找出路的最强动力。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/8c95dc9b62af63b498dce2238fb18ba3","relate_stocks":{"HBMX":"Tuttle Capital Concentrated Memory Stack ETF","DRMP":"Tuttle Capital Memory Stack Income Blast ETF","NVDL":"2倍做多NVDA ETF-GraniteShares","AIS":"VistaShares Artificial Intelligence Supercycle ETF","BK4588":"碎股","DIPS":"做空NVDA期权收益策略ETF-YieldMax","AMDU":"Defiance Leveraged Long + Income AMD ETF","AMUU":"2倍做多AMD ETF-Direxion","NVDQ":"2倍做空NVDA ETF-T-Rex","ARKF":"ARK Fintech Innovation ETF","NVDS":"1.5倍做空NVDA ETF-Tradr","AMDW":"Roundhill AMD WeeklyPay ETF","DRAM":"Roundhill Memory ETF","NVDU":"2倍做多NVDA ETF-Direxion","AMYY":"GraniteShares YieldBOOST AMD ETF","AMDY":"AMD期权收益策略ETF-YieldMax","ARKG":"ARK Genomic Revolution ETF","BK4168":"多种金属与采矿","NVDW":"NVDA周配息ETF-Roundhill","ALAI":"Alger AI Enablers & Adopters ETF","07388":"南方两倍做空英伟达","NVDX":"2倍做多NVDA ETF-T-Rex","ARKK":"ARK Innovation ETF","COPP":"Sprott Copper Miners ETF","DAMD":"2倍做空AMD ETF-Defiance","ARKQ":"ARK Autonomous Technology & Robotics ETF","NVDY":"NVDA期权收益策略ETF-YieldMax","BK4585":"ETF&股票定投概念","SARK":"Tradr 1X Short Innovation Daily ETF","NVD":"2倍做空NVDA ETF-GraniteShares","AMDD":"1倍做空AMD ETF-Direxion","07788":"南方两倍做多英伟达","NVYY":"GraniteShares YieldBOOST NVDA ETF","NVDB":"ProShares Ultra NVDA ETF","AMDG":"2倍做多AMD ETF- Leverage Shares","NVDO":"2倍上限加速NVDA ETF-Leverage Shares","ARKW":"ARK Next Generation Internet ETF","BK4544":"ARK ETF合集","NVII":"Rex NVDA Growth & Income ETF","ANV":"GraniteShares Autocallable NVDA ETF","AMDL":"2倍做多AMD ETF-GraniteShares","NVDD":"1倍做空NVDA ETF-Direxion","ARKX":"ARK Space Exploration & Innovation ETF","NVDG":"2倍做多NVDA ETF- Leverage Shares"},"source_url":"https://wallstreetcn.com/articles/3779771","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2660411691","content_text":"在AI基础设施投资热潮中,存储芯片股看似受益于算力需求爆发,但两位知名投资人和科技分析师却对此保持谨慎。他们的理由不约而同地指向同一个核心判断:存储的高价格和高利润,正在催生消灭自身的力量。方舟投资(ARK Invest)创始人Cathie Wood在近期播客节目中公开解释了她不持有存储股的原因。她认为,存储是半导体产业链中商品化程度最高、周期性最强的环节,而当前价格的大幅上涨并非科技行业的正常状态,本质上是一个负面信号。与此同时,科技战略分析师Ben Thompson则以更为犀利的比喻警告,存储厂商正在重蹈伊朗封锁霍尔木兹海峡的覆辙——短期奏效,长期却将推动整个行业绕道而行。两人的判断对当前追捧存储股的市场情绪构成直接挑战。在AI推理需求快速扩张的背景下,高带宽内存(HBM)供应商股价持续受到追捧,但这两位投资人的逻辑提示投资者,需警惕技术路线切换和需求侧主动规避所带来的结构性风险。Cathie Wood:高价格是警示,而非利好Cathie Wood在近期视频中直接回应了外界对她不持有存储股的疑问。她坦言,多年的投资经验或许让她对周期性行业保持了更高的警惕。在她看来,存储是整个半导体产业链中商品化程度最高的环节,历史上周期波动剧烈。而当前高带宽内存价格翻三倍、四倍乃至十倍的走势,在科技行业并不正常。\"大多数人认为这是巨大的利好,但这实际上是一个负面信号,\"她表示。她进一步从现金流角度佐证这一判断。她提到,近期一张图表显示,芯片股的自由现金流与超大规模云计算运营商(hyperscalers)的自由现金流呈现出完全相反的走势——前者受益,后者承压。但她强调,这种状态是暂时的。更关键的是,Cathie Wood指出,技术创新正在从需求侧主动消解对高带宽内存的依赖。她以Cerebras和Groq为例——其中ARK的风险投资基金持有Groq股份——这两家推理芯片公司的架构设计均不需要高带宽内存。她将这一趋势类比于特斯拉将钴从电池中剔除的过程:一旦某种供应链要素价格高企或存在风险,工程师就会想办法绕开它。\"在推理领域,我们正在看到对高带宽内存需求被工程技术所取代,\"她说。Ben Thompson:存储厂商正在给自己树立靶子科技战略分析师Ben Thompson对存储行业的担忧则更侧重于竞争博弈层面。他以一个地缘政治比喻,描述了存储厂商当前所处的战略困境。\"我把存储厂商比作伊朗,\"Thompson说。他的逻辑是:霍尔木兹海峡的威慑力,在于它始终是一张可以打出的牌。一旦真正动用,反而会触发对手彻底绕开它的决心。\"现在他们用了这张牌,结果确实奏效了。但阿联酋和沙特阿拉伯会修建输油管道、新建港口,不会让这种事情再次发生。\"他认为,存储厂商当前的高价策略正在制造同样的效应。一方面,苹果正在游说引入中国内存供应商,试图打破现有供应格局;另一方面,算法层面的首要优化方向,已经变成了\"如何减少内存使用量\"。\"我担心存储厂商可能做了同样的事,\"Thompson表示,\"没有人会让自己在内存问题上再次陷入这种被动局面。\"他的结论是,从长远来看,存储厂商通过制造如此巨大的\"攻击目标\",可能最终会自食其果。两种逻辑,同一个结论尽管Cathie Wood和Ben Thompson的分析框架不同,但两人的结论高度一致:存储股当前的强势,正在加速其自身被替代的进程。Cathie Wood从技术演进路径出发,强调推理芯片架构的创新将系统性降低对高带宽内存的需求;Ben Thompson则从竞争博弈和供应链政治角度切入,指出高价格和高集中度将驱动买方寻求替代方案,无论是通过算法优化、引入新供应商,还是重新设计系统架构。两人的判断共同指向一个对投资者而言值得关注的风险:在AI基础设施投资叙事中,存储股的受益逻辑可能比市场预期的更为脆弱,而当前的高景气度,或许正是促使行业加速寻找出路的最强动力。","news_type":1,"symbols_score_info":{"07388":0.6,"NVDU":0.6,"NVYY":0.6,"ARKW":0.72,"DIPS":0.6,"NVD":0.6,"AMYY":0.6,"NVDG":0.6,"HBMX":0.9,"DAMD":0.6,"ANV":0.6,"COPP":0.6,"SARK":0.72,"NVDB":0.6,"AMDU":0.6,"DRMP":0.9,"NVDX":0.6,"ARKX":0.72,"AMDD":0.6,"NVDL":0.62,"ARKF":0.72,"AMDL":0.62,"ALAI":0.62,"AMDG":0.6,"DRAM":2,"ARKQ":0.72,"NVDS":0.6,"ARKK":2,"AMUU":0.6,"NVDY":0.6,"AIS":0.62,"NVII":0.6,"07788":0.6,"NVDD":0.6,"AMDY":0.6,"AMDW":0.6,"ARKG":0.72,"NVDQ":0.6,"NVDW":0.62,"NVDO":0.6}},"isVote":1,"tweetType":1,"viewCount":879,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4219664932652432","authorId":"4219664932652432","name":"CVB","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"idStr":"4219664932652432","authorIdStr":"4219664932652432"},"content":"您好,越哥的交易分享群有些小贵,我想拉几个人一起拼团,不知您有兴趣吗?","text":"您好,越哥的交易分享群有些小贵,我想拉几个人一起拼团,不知您有兴趣吗?","html":"您好,越哥的交易分享群有些小贵,我想拉几个人一起拼团,不知您有兴趣吗?"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":595686996996896,"gmtCreate":1786449525232,"gmtModify":1786449527333,"author":{"id":"4212982252329032","authorId":"4212982252329032","name":"圆头蝴蝶","avatar":"https://static.tigerbbs.com/11f975c3d0ccf067e1b550357847e22c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4212982252329032","authorIdStr":"4212982252329032"},"themes":[],"title":"","htmlText":"你是我认识在西数唯一的大佬 你要走了告诉我一下啊","listText":"你是我认识在西数唯一的大佬 你要走了告诉我一下啊","text":"你是我认识在西数唯一的大佬 你要走了告诉我一下啊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/595686996996896","isVote":1,"tweetType":1,"viewCount":886,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":595686733657016,"gmtCreate":1786449494069,"gmtModify":1786449496079,"author":{"id":"4212982252329032","authorId":"4212982252329032","name":"圆头蝴蝶","avatar":"https://static.tigerbbs.com/11f975c3d0ccf067e1b550357847e22c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4212982252329032","authorIdStr":"4212982252329032"},"themes":[],"title":"","htmlText":"还是看到1000不变吗 兄弟?","listText":"还是看到1000不变吗 兄弟?","text":"还是看到1000不变吗 兄弟?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/595686733657016","isVote":1,"tweetType":1,"viewCount":585,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":594912457859576,"gmtCreate":1786260425606,"gmtModify":1786260428935,"author":{"id":"4212982252329032","authorId":"4212982252329032","name":"圆头蝴蝶","avatar":"https://static.tigerbbs.com/11f975c3d0ccf067e1b550357847e22c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4212982252329032","authorIdStr":"4212982252329032"},"themes":[],"title":"","htmlText":"不签长协 说明年可能不买了 签了长协 说涨价空间没有了 签了锁量不锁价的长协 说合同没有用随时可以反悔 大不了赔你违约金 扩产了 说以后产能过剩价格崩盘 不扩产说现有产能没有想象空间 这一天天的我是真的没有时间跟机构闹了<a href=\"https://laohu8.com/S/MU\">$美光科技(MU)$ </a><v-v data-views=\"1\"></v-v> <a href=\"https://laohu8.com/S/SNDK\">$闪迪(SNDK)$ </a> <a href=\"https://laohu8.com/S/WDC\">$西部数据(WDC)$ </a><v-v data-views=\"1\"></v-v> <a href=\"https://laohu8.com/S/MU\">$美光科技(MU)$ </a><v-v data-views=\"1\"></v-v> <a href=\"https://laohu8.com/U/172401613997661\">@口罩哥KZG</a> [开心] [开心] [开心] [开心] ","listText":"不签长协 说明年可能不买了 签了长协 说涨价空间没有了 签了锁量不锁价的长协 说合同没有用随时可以反悔 大不了赔你违约金 扩产了 说以后产能过剩价格崩盘 不扩产说现有产能没有想象空间 这一天天的我是真的没有时间跟机构闹了<a href=\"https://laohu8.com/S/MU\">$美光科技(MU)$ </a><v-v data-views=\"1\"></v-v> <a href=\"https://laohu8.com/S/SNDK\">$闪迪(SNDK)$ </a> <a href=\"https://laohu8.com/S/WDC\">$西部数据(WDC)$ </a><v-v data-views=\"1\"></v-v> <a href=\"https://laohu8.com/S/MU\">$美光科技(MU)$ </a><v-v data-views=\"1\"></v-v> <a href=\"https://laohu8.com/U/172401613997661\">@口罩哥KZG</a> [开心] [开心] [开心] [开心] ","text":"不签长协 说明年可能不买了 签了长协 说涨价空间没有了 签了锁量不锁价的长协 说合同没有用随时可以反悔 大不了赔你违约金 扩产了 说以后产能过剩价格崩盘 不扩产说现有产能没有想象空间 这一天天的我是真的没有时间跟机构闹了$美光科技(MU)$ $闪迪(SNDK)$ $西部数据(WDC)$ $美光科技(MU)$ @口罩哥KZG [开心] [开心] [开心] [开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":1,"link":"https://laohu8.com/post/594912457859576","isVote":1,"tweetType":1,"viewCount":4145,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3437638669595671","authorId":"3437638669595671","name":"cky10327","avatar":"https://static.tigerbbs.com/acdead004b0adf71a64965b49b032882","crmLevel":4,"crmLevelSwitch":0,"idStr":"3437638669595671","authorIdStr":"3437638669595671"},"content":"美银维持原来预期价格,真的会玩儿,不是之前指引不及预期,又跳出来各路空神嘛,真的有点没意思了 [冷漠]原来口罩哥这边有账号啊哈哈哈 [笑哭]","text":"美银维持原来预期价格,真的会玩儿,不是之前指引不及预期,又跳出来各路空神嘛,真的有点没意思了 [冷漠]原来口罩哥这边有账号啊哈哈哈 [笑哭]","html":"美银维持原来预期价格,真的会玩儿,不是之前指引不及预期,又跳出来各路空神嘛,真的有点没意思了 [冷漠]原来口罩哥这边有账号啊哈哈哈 [笑哭]"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":594321488609424,"gmtCreate":1786116164322,"gmtModify":1786116166005,"author":{"id":"4212982252329032","authorId":"4212982252329032","name":"圆头蝴蝶","avatar":"https://static.tigerbbs.com/11f975c3d0ccf067e1b550357847e22c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4212982252329032","authorIdStr":"4212982252329032"},"themes":[],"title":"","htmlText":"到你牛魔酬宾","listText":"到你牛魔酬宾","text":"到你牛魔酬宾","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/594321488609424","repostId":"2657492256","repostType":4,"repost":{"id":"2657492256","kind":"highlight","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":1786113900,"share":"https://www.laohunote.com/m/news/2657492256?lang=zh_CN&edition=full","pubTime":"2026-08-07 22:45","market":"nz","language":"zh","title":"存储涨价的“天花板”快到了?","url":"https://stock-news.laohu8.com/highlight/detail?id=2657492256","media":"华尔街见闻","summary":"伯恩斯坦预计,2026年三季度DRAM和NAND合约价格涨幅均收窄至约20%,PC、手机需求疲软及长期协议价格上限正压缩涨价空间。供应短缺虽延续至2027年,但存储价格上行空间已趋于有限,涨价周期或接近尾声。","content":"<html><head></head><body><blockquote><p>伯恩斯坦预计,2026年三季度DRAM和NAND合约价格涨幅均收窄至约20%,PC、手机需求疲软及长期协议价格上限正压缩涨价空间。供应短缺虽延续至2027年,但存储价格上行空间已趋于有限,涨价周期或接近尾声。</p></blockquote><p style=\"text-align: left;\">存储芯片价格上涨的势头正在明显减速。伯恩斯坦最新数据显示,2<strong>026年第三季度DRAM和NAND合约价格环比涨幅均收窄至约20%,较第二季度大幅放缓,且可能低于市场最新预期。</strong>供应短缺局面虽将延续至2027年,但涨价空间正受到需求端阻力与长期协议价格上限的双重压制。</p><p style=\"text-align: left;\">据追风交易台,据机构伯恩斯坦7月存储价格追踪报告,7月合约价格数据显示,<strong>传统DRAM第三季度环比涨幅约为17%,略高于该机构自身模型预测,但可能低于市场部分最新预期。NAND方面,若将SSD纳入计算,整体涨幅接近20%,与模型基本吻合,但同样可能不及最乐观预期。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/07ef543cde8662b5a119cca9e30e5b85\" tg-width=\"1024\" tg-height=\"469\"/></p><p style=\"text-align: left;\">伯恩斯坦分析师Mark Li在报告中指出,存储正逐渐成为AI及非AI应用的成本负担,部分长期协议(LTA)中设定的价格上限也在抑制进一步涨价空间。他认为,近期股价回调为短期技术性反弹提供了机会,但价格上行空间已趋于有限。</p><h2 id=\"id_2720171745\" style=\"text-align: left;\">DRAM:服务器需求强劲,但PC与手机端阻力加剧</h2><p style=\"text-align: left;\">DRAM市场内部分化明显。</p><p style=\"text-align: left;\"><strong>服务器需求依然旺盛,客户预判2027年供应将进一步趋紧,积极备货意愿强烈。</strong>据TrendForce数据,7月服务器DRAM合约价格环比上涨8%至15%,预计第三季度整体环比涨幅为13%至18%。不过,对于已签订含价格上限LTA的客户,7月价格已接近协议天花板,与非LTA客户的报价出现明显差距。</p><p style=\"text-align: left;\"><strong>PC和手机端则呈现截然不同的态势。</strong>PC DRAM合约价格7月环比上涨13%至16%,预计第三季度环比涨约17%,但OEM厂商因内存成本上升而上调整机售价,导致PC出货量预计第三季度环比下滑逾10%,采购意愿随之大幅降低。</p><p style=\"text-align: left;\"><strong>手机DRAM方面,TrendForce预计第三季度合约价格环比涨幅约为10%,较第二季度明显收窄,手机OEM客户削减智能手机生产计划后,对涨价的抵触情绪显著增强</strong>。展望第四季度,TrendForce预计手机DRAM涨幅将进一步收窄至个位数。</p><p style=\"text-align: left;\">消费类DRAM表现相对突出,7月合约价格环比上涨12%至16%,预计第三季度环比涨幅达24%至30%。但TrendForce观察到现货价格已开始落后于合约价格,暗示需求可能正在见顶。</p><h2 id=\"id_4254756153\" style=\"text-align: left;\">NAND:晶圆价格涨势熄火,SSD成为主要支撑</h2><p style=\"text-align: left;\">NAND市场的分化更为明显。</p><p style=\"text-align: left;\">晶圆合约价格7月基本持平,模组厂商因消费端需求疲软而拒绝接受进一步涨价,交易量极度萎缩。TrendForce指出,<strong>在当前消费需求低迷的背景下,模组厂商认为NAND晶圆价格已偏高,更倾向于消化自有库存。</strong></p><p style=\"text-align: left;\">手机NAND(eMMC/UFS)表现相对较好,TrendForce预计第三季度环比涨幅约为20%,主要是追赶eSSD盈利水平的补涨逻辑驱动。值得注意的是,中国供应商在此轮涨价中要价较低,因而赢得了更多出货份额。</p><p style=\"text-align: left;\">SSD是NAND板块的核心支撑。伯恩斯坦认为,客户端及企业级SSD合约价格第三季度环比涨幅约为20%,将NAND整体涨幅拉升至接近20%。但该机构同时指出,NAND价格涨势将持续放缓,峰值或出现在2027年某个时间点,且中国竞争加剧构成结构性压力。</p><h2 id=\"id_3932338498\" style=\"text-align: left;\">短期反弹窗口存在,但上行空间趋于有限</h2><p style=\"text-align: left;\">伯恩斯坦维持对三星电子、SK海力士、美光及闪迪的"跑赢大市"评级,目标价分别为韩元44万、韩元330万、1300美元及3000美元;对KIOXIA维持"跑输大市"评级,目标价为日元4万。</p><p style=\"text-align: left;\">该机构认为,<strong>存储供应短缺局面将延续至2027年,价格将维持高位,但进一步上涨的空间已受到明显压缩。</strong></p><p style=\"text-align: left;\">一方面,PC和手机客户库存稳定甚至上升,大幅削减出货计划后对涨价的接受度大幅下降;另一方面,部分LTA协议中嵌入的价格上限正在限制服务器DRAM的涨价幅度。此外,存储成本的持续攀升已开始对AI及非AI应用形成负担,需求端的承压迹象不容忽视。</p><p style=\"text-align: left;\">伯恩斯坦指出,<strong>近期存储股的回调为短期技术性反弹提供了入场机会</strong>,<strong>但投资者需警惕涨价周期进入尾声阶段的风险——价格高位或已可见,而非遥不可及。</strong></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>存储涨价的“天花板”快到了?</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{ 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}\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存储涨价的“天花板”快到了?\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\">2026-08-07 22:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><blockquote><p>伯恩斯坦预计,2026年三季度DRAM和NAND合约价格涨幅均收窄至约20%,PC、手机需求疲软及长期协议价格上限正压缩涨价空间。供应短缺虽延续至2027年,但存储价格上行空间已趋于有限,涨价周期或接近尾声。</p></blockquote><p style=\"text-align: left;\">存储芯片价格上涨的势头正在明显减速。伯恩斯坦最新数据显示,2<strong>026年第三季度DRAM和NAND合约价格环比涨幅均收窄至约20%,较第二季度大幅放缓,且可能低于市场最新预期。</strong>供应短缺局面虽将延续至2027年,但涨价空间正受到需求端阻力与长期协议价格上限的双重压制。</p><p style=\"text-align: left;\">据追风交易台,据机构伯恩斯坦7月存储价格追踪报告,7月合约价格数据显示,<strong>传统DRAM第三季度环比涨幅约为17%,略高于该机构自身模型预测,但可能低于市场部分最新预期。NAND方面,若将SSD纳入计算,整体涨幅接近20%,与模型基本吻合,但同样可能不及最乐观预期。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/07ef543cde8662b5a119cca9e30e5b85\" tg-width=\"1024\" tg-height=\"469\"/></p><p style=\"text-align: left;\">伯恩斯坦分析师Mark Li在报告中指出,存储正逐渐成为AI及非AI应用的成本负担,部分长期协议(LTA)中设定的价格上限也在抑制进一步涨价空间。他认为,近期股价回调为短期技术性反弹提供了机会,但价格上行空间已趋于有限。</p><h2 id=\"id_2720171745\" style=\"text-align: left;\">DRAM:服务器需求强劲,但PC与手机端阻力加剧</h2><p style=\"text-align: left;\">DRAM市场内部分化明显。</p><p style=\"text-align: left;\"><strong>服务器需求依然旺盛,客户预判2027年供应将进一步趋紧,积极备货意愿强烈。</strong>据TrendForce数据,7月服务器DRAM合约价格环比上涨8%至15%,预计第三季度整体环比涨幅为13%至18%。不过,对于已签订含价格上限LTA的客户,7月价格已接近协议天花板,与非LTA客户的报价出现明显差距。</p><p style=\"text-align: left;\"><strong>PC和手机端则呈现截然不同的态势。</strong>PC DRAM合约价格7月环比上涨13%至16%,预计第三季度环比涨约17%,但OEM厂商因内存成本上升而上调整机售价,导致PC出货量预计第三季度环比下滑逾10%,采购意愿随之大幅降低。</p><p style=\"text-align: left;\"><strong>手机DRAM方面,TrendForce预计第三季度合约价格环比涨幅约为10%,较第二季度明显收窄,手机OEM客户削减智能手机生产计划后,对涨价的抵触情绪显著增强</strong>。展望第四季度,TrendForce预计手机DRAM涨幅将进一步收窄至个位数。</p><p style=\"text-align: left;\">消费类DRAM表现相对突出,7月合约价格环比上涨12%至16%,预计第三季度环比涨幅达24%至30%。但TrendForce观察到现货价格已开始落后于合约价格,暗示需求可能正在见顶。</p><h2 id=\"id_4254756153\" style=\"text-align: left;\">NAND:晶圆价格涨势熄火,SSD成为主要支撑</h2><p style=\"text-align: left;\">NAND市场的分化更为明显。</p><p style=\"text-align: left;\">晶圆合约价格7月基本持平,模组厂商因消费端需求疲软而拒绝接受进一步涨价,交易量极度萎缩。TrendForce指出,<strong>在当前消费需求低迷的背景下,模组厂商认为NAND晶圆价格已偏高,更倾向于消化自有库存。</strong></p><p style=\"text-align: left;\">手机NAND(eMMC/UFS)表现相对较好,TrendForce预计第三季度环比涨幅约为20%,主要是追赶eSSD盈利水平的补涨逻辑驱动。值得注意的是,中国供应商在此轮涨价中要价较低,因而赢得了更多出货份额。</p><p style=\"text-align: left;\">SSD是NAND板块的核心支撑。伯恩斯坦认为,客户端及企业级SSD合约价格第三季度环比涨幅约为20%,将NAND整体涨幅拉升至接近20%。但该机构同时指出,NAND价格涨势将持续放缓,峰值或出现在2027年某个时间点,且中国竞争加剧构成结构性压力。</p><h2 id=\"id_3932338498\" style=\"text-align: left;\">短期反弹窗口存在,但上行空间趋于有限</h2><p style=\"text-align: left;\">伯恩斯坦维持对三星电子、SK海力士、美光及闪迪的"跑赢大市"评级,目标价分别为韩元44万、韩元330万、1300美元及3000美元;对KIOXIA维持"跑输大市"评级,目标价为日元4万。</p><p style=\"text-align: left;\">该机构认为,<strong>存储供应短缺局面将延续至2027年,价格将维持高位,但进一步上涨的空间已受到明显压缩。</strong></p><p style=\"text-align: left;\">一方面,PC和手机客户库存稳定甚至上升,大幅削减出货计划后对涨价的接受度大幅下降;另一方面,部分LTA协议中嵌入的价格上限正在限制服务器DRAM的涨价幅度。此外,存储成本的持续攀升已开始对AI及非AI应用形成负担,需求端的承压迹象不容忽视。</p><p style=\"text-align: left;\">伯恩斯坦指出,<strong>近期存储股的回调为短期技术性反弹提供了入场机会</strong>,<strong>但投资者需警惕涨价周期进入尾声阶段的风险——价格高位或已可见,而非遥不可及。</strong></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/03e38a3a3c63bd5a9d8d8ca2d384d1c5","relate_stocks":{"SKUU":"2倍做多海力士ETF-GraniteShares","HYNX":"2倍做多海力士ETF-T-REX","MU":"美光科技","MUU":"2倍做多MU ETF-Direxion","MULL":"2倍做多MU ETF-GraniteShares","BK4588":"碎股","MUYY":"GraniteShares YieldBOOSTMU ETF","DRMP":"Tuttle Capital Memory Stack Income Blast ETF","WDCX":"Tradr 2X Long WDC Daily ETF","SNDK":"闪迪","MUZ":"2倍做空MU ETF-Defiance","DRMY":"XFUNDS Memory Income ETF","DRAL":"2倍做多DRAM ETF-Defiance","SKHU":"2倍做多海力士-ProShares","07709":"南方东英SK海力士每日杠杆最多 (2x) 产品","DISK":"Tema Memory ETF","DRAM":"Roundhill Memory ETF","SKHX":"2倍做多海力士ETF-Leverage Shares","SKHY":"SK海力士","WDC":"西部数据","SNDC":"2倍做多SNDK ETF-Corgi","SKHZ":"1倍做空海力士ETF-Leverage Shares","RAM":"2倍做多DRAM ETF-T-REX","SNDG":"2倍做多SNDK ETF-Leverage Shares","SK":"2倍做多海力士ETF-Corgi","SNDQ":"2倍做空SNDK ETF-Tradr","MUD":"1倍做空MU ETF-Direxion","SNDU":"2倍做多SNDK ETF-T-REX","SKDD":"2倍做空海力士ETF-GraniteShares","SNXX":"2倍做多SNDK ETF-Tradr","STX":"希捷科技","MIC":"2倍做多MU ETF-Corgi"},"source_url":"https://wallstreetcn.com/articles/3778963","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2657492256","content_text":"伯恩斯坦预计,2026年三季度DRAM和NAND合约价格涨幅均收窄至约20%,PC、手机需求疲软及长期协议价格上限正压缩涨价空间。供应短缺虽延续至2027年,但存储价格上行空间已趋于有限,涨价周期或接近尾声。存储芯片价格上涨的势头正在明显减速。伯恩斯坦最新数据显示,2026年第三季度DRAM和NAND合约价格环比涨幅均收窄至约20%,较第二季度大幅放缓,且可能低于市场最新预期。供应短缺局面虽将延续至2027年,但涨价空间正受到需求端阻力与长期协议价格上限的双重压制。据追风交易台,据机构伯恩斯坦7月存储价格追踪报告,7月合约价格数据显示,传统DRAM第三季度环比涨幅约为17%,略高于该机构自身模型预测,但可能低于市场部分最新预期。NAND方面,若将SSD纳入计算,整体涨幅接近20%,与模型基本吻合,但同样可能不及最乐观预期。伯恩斯坦分析师Mark Li在报告中指出,存储正逐渐成为AI及非AI应用的成本负担,部分长期协议(LTA)中设定的价格上限也在抑制进一步涨价空间。他认为,近期股价回调为短期技术性反弹提供了机会,但价格上行空间已趋于有限。DRAM:服务器需求强劲,但PC与手机端阻力加剧DRAM市场内部分化明显。服务器需求依然旺盛,客户预判2027年供应将进一步趋紧,积极备货意愿强烈。据TrendForce数据,7月服务器DRAM合约价格环比上涨8%至15%,预计第三季度整体环比涨幅为13%至18%。不过,对于已签订含价格上限LTA的客户,7月价格已接近协议天花板,与非LTA客户的报价出现明显差距。PC和手机端则呈现截然不同的态势。PC DRAM合约价格7月环比上涨13%至16%,预计第三季度环比涨约17%,但OEM厂商因内存成本上升而上调整机售价,导致PC出货量预计第三季度环比下滑逾10%,采购意愿随之大幅降低。手机DRAM方面,TrendForce预计第三季度合约价格环比涨幅约为10%,较第二季度明显收窄,手机OEM客户削减智能手机生产计划后,对涨价的抵触情绪显著增强。展望第四季度,TrendForce预计手机DRAM涨幅将进一步收窄至个位数。消费类DRAM表现相对突出,7月合约价格环比上涨12%至16%,预计第三季度环比涨幅达24%至30%。但TrendForce观察到现货价格已开始落后于合约价格,暗示需求可能正在见顶。NAND:晶圆价格涨势熄火,SSD成为主要支撑NAND市场的分化更为明显。晶圆合约价格7月基本持平,模组厂商因消费端需求疲软而拒绝接受进一步涨价,交易量极度萎缩。TrendForce指出,在当前消费需求低迷的背景下,模组厂商认为NAND晶圆价格已偏高,更倾向于消化自有库存。手机NAND(eMMC/UFS)表现相对较好,TrendForce预计第三季度环比涨幅约为20%,主要是追赶eSSD盈利水平的补涨逻辑驱动。值得注意的是,中国供应商在此轮涨价中要价较低,因而赢得了更多出货份额。SSD是NAND板块的核心支撑。伯恩斯坦认为,客户端及企业级SSD合约价格第三季度环比涨幅约为20%,将NAND整体涨幅拉升至接近20%。但该机构同时指出,NAND价格涨势将持续放缓,峰值或出现在2027年某个时间点,且中国竞争加剧构成结构性压力。短期反弹窗口存在,但上行空间趋于有限伯恩斯坦维持对三星电子、SK海力士、美光及闪迪的\"跑赢大市\"评级,目标价分别为韩元44万、韩元330万、1300美元及3000美元;对KIOXIA维持\"跑输大市\"评级,目标价为日元4万。该机构认为,存储供应短缺局面将延续至2027年,价格将维持高位,但进一步上涨的空间已受到明显压缩。一方面,PC和手机客户库存稳定甚至上升,大幅削减出货计划后对涨价的接受度大幅下降;另一方面,部分LTA协议中嵌入的价格上限正在限制服务器DRAM的涨价幅度。此外,存储成本的持续攀升已开始对AI及非AI应用形成负担,需求端的承压迹象不容忽视。伯恩斯坦指出,近期存储股的回调为短期技术性反弹提供了入场机会,但投资者需警惕涨价周期进入尾声阶段的风险——价格高位或已可见,而非遥不可及。","news_type":1,"symbols_score_info":{"MUD":0.9,"SNDG":0.6,"SKHY":2,"RAM":0.6,"SK":0.6,"DISK":0.9,"SKHZ":0.6,"MULL":0.9,"MIC":0.6,"DRMP":0.9,"SKUU":0.6,"07709":0.6,"SNXX":0.6,"SNDU":0.6,"SKHX":0.6,"DRAL":0.6,"WDC":2,"SNDK":2,"DRMY":0.9,"SNDC":0.6,"HYNX":0.6,"MU":2,"STX":2,"MUYY":0.6,"SKDD":0.6,"SKHU":0.6,"DRAM":0.9,"WDCX":0.6,"MUU":0.6,"SNDQ":0.6,"MUZ":0.6}},"isVote":1,"tweetType":1,"viewCount":705,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":594272429196032,"gmtCreate":1786104170677,"gmtModify":1786104172823,"author":{"id":"4212982252329032","authorId":"4212982252329032","name":"圆头蝴蝶","avatar":"https://static.tigerbbs.com/11f975c3d0ccf067e1b550357847e22c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4212982252329032","authorIdStr":"4212982252329032"},"themes":[],"title":"","htmlText":"看到越哥来了 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美国其实是大连东边的一个小岛 闪迪是华强北的一个档口 美光是Best Buy里的一个柜台 西部数据是火车站门口卖光盘的","listText":"<a href=\"https://laohu8.com/S/SNDK\">$闪迪(SNDK)$</a> <a href=\"https://laohu8.com/S/MU\">$美光科技(MU)$ </a> <a href=\"https://laohu8.com/S/WDC\">$西部数据(WDC)$ </a> 美国其实是大连东边的一个小岛 闪迪是华强北的一个档口 美光是Best Buy里的一个柜台 西部数据是火车站门口卖光盘的","text":"$闪迪(SNDK)$ $美光科技(MU)$ $西部数据(WDC)$ 美国其实是大连东边的一个小岛 闪迪是华强北的一个档口 美光是Best Buy里的一个柜台 西部数据是火车站门口卖光盘的","images":[{"img":"https://static.tigerbbs.com/5b94093393b2c6b3cb362a80d3c0a603","width":"2360","height":"1640"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/593954425209512","isVote":1,"tweetType":1,"viewCount":5055,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":590816835285896,"gmtCreate":1785243915712,"gmtModify":1785243917612,"author":{"id":"4212982252329032","authorId":"4212982252329032","name":"圆头蝴蝶","avatar":"https://static.tigerbbs.com/11f975c3d0ccf067e1b550357847e22c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4212982252329032","authorIdStr":"4212982252329032"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/KO\">$可口可乐(KO)$ </a> 短期缺可乐 中期缺雪碧 永远缺芬达 时间会证明骨质疏松!","listText":"<a href=\"https://laohu8.com/S/KO\">$可口可乐(KO)$ </a> 短期缺可乐 中期缺雪碧 永远缺芬达 时间会证明骨质疏松!","text":"$可口可乐(KO)$ 短期缺可乐 中期缺雪碧 永远缺芬达 时间会证明骨质疏松!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/590816835285896","isVote":1,"tweetType":1,"viewCount":1573,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":590038248060152,"gmtCreate":1785053979287,"gmtModify":1785064505583,"author":{"id":"4212982252329032","authorId":"4212982252329032","name":"圆头蝴蝶","avatar":"https://static.tigerbbs.com/11f975c3d0ccf067e1b550357847e22c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4212982252329032","authorIdStr":"4212982252329032"},"themes":[],"title":"","htmlText":"没有用 现在是垃圾时间 你多好的业绩也得砸 顶多夜盘大涨 开盘直接负10 真tmdcl 让人想跳喽","listText":"没有用 现在是垃圾时间 你多好的业绩也得砸 顶多夜盘大涨 开盘直接负10 真tmdcl 让人想跳喽","text":"没有用 现在是垃圾时间 你多好的业绩也得砸 顶多夜盘大涨 开盘直接负10 真tmdcl 让人想跳喽","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/590038248060152","repostId":"2654221068","repostType":4,"repost":{"id":"2654221068","kind":"highlight","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":1785051733,"share":"https://www.laohunote.com/m/news/2654221068?lang=zh_CN&edition=full","pubTime":"2026-07-26 15:42","market":"us","language":"zh","title":"SK海力士下周放榜:Q2营业利润或突破64万亿韩元创新高,同比增长近600%","url":"https://stock-news.laohu8.com/highlight/detail?id=2654221068","media":"华尔街见闻","summary":"市场预计,Q2营业利润率达75%~77%,连续第三季度超越台积电。增长核心驱动力为HBM领导地位及AI数据中心需求爆发。SK海力士将于7月29日公布第二季度业绩。分析认为,强劲业绩大幅优化了其财务结构,标志着韩国存储行业迈入AI驱动的新阶段。","content":"<html><head></head><body><p style=\"text-align: left;\">AI驱动的存储器超级周期正将韩国半导体行业推向前所未有的盈利高峰。<a href=\"https://laohu8.com/S/SKHY\">SK海力士</a>将于7月29日公布第二季度业绩,预计Q2营业利润将创历史新高。</p><p style=\"text-align: left;\">据韩国联合信息通讯(Yonhap Infomax)汇总14家证券公司近一个月内发布报告所得的市场一致预期,SK海力士第二季度营收预计达84.06万亿韩元,<strong>营业利润预计达64.09万亿韩元,同比增幅接近600%,有望刷新历史纪录。与此同时,营业利润率预计将从上季度的72%进一步提升至75%至77%,在制造业中堪称罕见。</strong></p><p style=\"text-align: left;\">此前,<a href=\"https://laohu8.com/S/SSNLF\">三星电子</a>已于本月初公布初步业绩,其半导体部门(DS)强劲表现推动第二季度营业利润达89.4万亿韩元。若SK海力士如期达成预期,<strong>两家公司第二季度合计营业利润将突破150万亿韩元</strong>。<a href=\"https://laohu8.com/S/SMSD.UK\">三星电子</a>将于7月30日——即SK海力士业绩公布次日——披露各业务部门详细财务数据。</p><p style=\"text-align: left;\">尽管基本面持续强劲,<strong>该公司股价已较高点下跌逾30%</strong>,业绩能否重燃市场信心,成为投资者关注焦点。考虑到市值与盈利表现之间的背离,当前,投资者将目光投向29日的二季度财报发布及管理层对下半年的业绩指引,以评估这一估值折价是否具有修复空间。</p><h2 style=\"text-align: left;\">超级周期延长,HBM领导地位是核心驱动力</h2><p style=\"text-align: left;\">分析人士将SK海力士的亮眼业绩归因于去年下半年启动的存储器超级周期进入长期化阶段。</p><blockquote><p style=\"text-align: left;\">具体而言,第二季度通用DRAM价格持续上涨、HBM销售规模扩大,以及北美云服务提供商(CSP)加大AI数据中心投资带动企业级SSD需求激增、进而推动NAND价格大幅上行,共同构成本轮业绩爆发的主要支撑。</p></blockquote><p style=\"text-align: left;\">KB证券研究部门负责人Kim Dong-won分析指出,<strong>随着HBM产能扩张,通用存储器的供给能力实际上将持续受限;同时,随着长期协议(LTA)占比提升,面向大型科技公司及AI数据中心的销售份额预计将扩大至70%</strong>。他进一步表示,随着<strong>盈利波动性降低、盈利可预测性增强</strong>,SK海力士的估值有望随之提升。</p><p style=\"text-align: left;\">值得关注的是,B2B销售占比在2017年仅为30%,预计到2027年将达到70%。分析人士认为,<strong>2026至2027年的存储器增长周期在营收结构上将与2017至2018年呈现显著差异,以大型科技公司和AI数据中心为核心的B2B销售占比大幅提升,将使盈利质量和稳定性明显改善。</strong></p><h2 style=\"text-align: left;\">利润率有望超越TSMC,财务结构持续优化</h2><p style=\"text-align: left;\">若上述预测成真,SK海力士75%至77%的营业利润率意味着每销售1万韩元产品,可留存逾7500韩元利润——这一水平在制造业中极为罕见,且将连续第三个季度超越晶圆代工龙头<a href=\"https://laohu8.com/S/TSM\">台积电</a>(TSMC)。</p><p style=\"text-align: left;\">SK海力士去年第四季度以58%的营业利润率首次超越台积电的54%。<strong>考虑到台积电今年第二季度营业利润率为60.3%,两者差距预计将进一步扩大至约15至17个百分点。</strong></p><p style=\"text-align: left;\">财务结构方面,<strong>SK海力士自去年第三季度起重新转为净现金状态(现金资产超过借款),为2019年以来首次。</strong>今年第一季度末,净现金规模已增至35万亿韩元。分析人士预计,第二季度净现金将进一步扩张,财务稳健性持续强化。</p><p style=\"text-align: left;\">另外,<strong>SK海力士计划于7月30日发放生产力激励金(PI)。</strong>PI与利润分享金(PS)并列为该公司两大代表性绩效奖金制度,每年发放两次。根据以营业利润率为基准的发放标准,今年上半年PI预计将设定为月基本工资的150%,达到制度规定的最高上限。</p><p style=\"text-align: left;\">分析人士认为,若SK海力士第二季度营业利润达到64万亿韩元,加上第一季度的37.61万亿韩元,SK海力士仅上半年营业利润便将突破100万亿韩元。与此同时,该数字还将超越SK海力士去年全年营业利润(47.2万亿韩元)约17万亿韩元。</p><p style=\"text-align: left;\">三星电子与SK海力士合计超过150万亿韩元的单季营业利润,标志着韩国存储器行业在AI浪潮驱动下进入新的历史阶段。</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>SK海力士下周放榜:Q2营业利润或突破64万亿韩元创新高,同比增长近600%</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\">\nSK海力士下周放榜:Q2营业利润或突破64万亿韩元创新高,同比增长近600%\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\">2026-07-26 15:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">AI驱动的存储器超级周期正将韩国半导体行业推向前所未有的盈利高峰。<a href=\"https://laohu8.com/S/SKHY\">SK海力士</a>将于7月29日公布第二季度业绩,预计Q2营业利润将创历史新高。</p><p style=\"text-align: left;\">据韩国联合信息通讯(Yonhap Infomax)汇总14家证券公司近一个月内发布报告所得的市场一致预期,SK海力士第二季度营收预计达84.06万亿韩元,<strong>营业利润预计达64.09万亿韩元,同比增幅接近600%,有望刷新历史纪录。与此同时,营业利润率预计将从上季度的72%进一步提升至75%至77%,在制造业中堪称罕见。</strong></p><p style=\"text-align: left;\">此前,<a href=\"https://laohu8.com/S/SSNLF\">三星电子</a>已于本月初公布初步业绩,其半导体部门(DS)强劲表现推动第二季度营业利润达89.4万亿韩元。若SK海力士如期达成预期,<strong>两家公司第二季度合计营业利润将突破150万亿韩元</strong>。<a href=\"https://laohu8.com/S/SMSD.UK\">三星电子</a>将于7月30日——即SK海力士业绩公布次日——披露各业务部门详细财务数据。</p><p style=\"text-align: left;\">尽管基本面持续强劲,<strong>该公司股价已较高点下跌逾30%</strong>,业绩能否重燃市场信心,成为投资者关注焦点。考虑到市值与盈利表现之间的背离,当前,投资者将目光投向29日的二季度财报发布及管理层对下半年的业绩指引,以评估这一估值折价是否具有修复空间。</p><h2 style=\"text-align: left;\">超级周期延长,HBM领导地位是核心驱动力</h2><p style=\"text-align: left;\">分析人士将SK海力士的亮眼业绩归因于去年下半年启动的存储器超级周期进入长期化阶段。</p><blockquote><p style=\"text-align: left;\">具体而言,第二季度通用DRAM价格持续上涨、HBM销售规模扩大,以及北美云服务提供商(CSP)加大AI数据中心投资带动企业级SSD需求激增、进而推动NAND价格大幅上行,共同构成本轮业绩爆发的主要支撑。</p></blockquote><p style=\"text-align: left;\">KB证券研究部门负责人Kim Dong-won分析指出,<strong>随着HBM产能扩张,通用存储器的供给能力实际上将持续受限;同时,随着长期协议(LTA)占比提升,面向大型科技公司及AI数据中心的销售份额预计将扩大至70%</strong>。他进一步表示,随着<strong>盈利波动性降低、盈利可预测性增强</strong>,SK海力士的估值有望随之提升。</p><p style=\"text-align: left;\">值得关注的是,B2B销售占比在2017年仅为30%,预计到2027年将达到70%。分析人士认为,<strong>2026至2027年的存储器增长周期在营收结构上将与2017至2018年呈现显著差异,以大型科技公司和AI数据中心为核心的B2B销售占比大幅提升,将使盈利质量和稳定性明显改善。</strong></p><h2 style=\"text-align: left;\">利润率有望超越TSMC,财务结构持续优化</h2><p style=\"text-align: left;\">若上述预测成真,SK海力士75%至77%的营业利润率意味着每销售1万韩元产品,可留存逾7500韩元利润——这一水平在制造业中极为罕见,且将连续第三个季度超越晶圆代工龙头<a href=\"https://laohu8.com/S/TSM\">台积电</a>(TSMC)。</p><p style=\"text-align: left;\">SK海力士去年第四季度以58%的营业利润率首次超越台积电的54%。<strong>考虑到台积电今年第二季度营业利润率为60.3%,两者差距预计将进一步扩大至约15至17个百分点。</strong></p><p style=\"text-align: left;\">财务结构方面,<strong>SK海力士自去年第三季度起重新转为净现金状态(现金资产超过借款),为2019年以来首次。</strong>今年第一季度末,净现金规模已增至35万亿韩元。分析人士预计,第二季度净现金将进一步扩张,财务稳健性持续强化。</p><p style=\"text-align: left;\">另外,<strong>SK海力士计划于7月30日发放生产力激励金(PI)。</strong>PI与利润分享金(PS)并列为该公司两大代表性绩效奖金制度,每年发放两次。根据以营业利润率为基准的发放标准,今年上半年PI预计将设定为月基本工资的150%,达到制度规定的最高上限。</p><p style=\"text-align: left;\">分析人士认为,若SK海力士第二季度营业利润达到64万亿韩元,加上第一季度的37.61万亿韩元,SK海力士仅上半年营业利润便将突破100万亿韩元。与此同时,该数字还将超越SK海力士去年全年营业利润(47.2万亿韩元)约17万亿韩元。</p><p style=\"text-align: left;\">三星电子与SK海力士合计超过150万亿韩元的单季营业利润,标志着韩国存储器行业在AI浪潮驱动下进入新的历史阶段。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/10f3f6136e7175682843083392ff2985","relate_stocks":{"SKDD":"2倍做空海力士ETF-GraniteShares","SKHZ":"1倍做空海力士ETF-Leverage Shares","SKHY":"SK海力士","DRAL":"2倍做多DRAM ETF-Defiance","RAM":"2倍做多DRAM ETF-T-REX","SKHU":"2倍做多海力士-ProShares","07709":"南方东英SK海力士每日杠杆最多 (2x) 产品","SKUU":"2倍做多海力士ETF-GraniteShares","SK":"2倍做多海力士ETF-Corgi","SKHX":"2倍做多海力士ETF-Leverage Shares","HYNX":"2倍做多海力士ETF-T-REX","BK4141":"半导体产品","SKHYV":"SK海力士-WI"},"source_url":"https://wallstreetcn.com/articles/3777948","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2654221068","content_text":"AI驱动的存储器超级周期正将韩国半导体行业推向前所未有的盈利高峰。SK海力士将于7月29日公布第二季度业绩,预计Q2营业利润将创历史新高。据韩国联合信息通讯(Yonhap Infomax)汇总14家证券公司近一个月内发布报告所得的市场一致预期,SK海力士第二季度营收预计达84.06万亿韩元,营业利润预计达64.09万亿韩元,同比增幅接近600%,有望刷新历史纪录。与此同时,营业利润率预计将从上季度的72%进一步提升至75%至77%,在制造业中堪称罕见。此前,三星电子已于本月初公布初步业绩,其半导体部门(DS)强劲表现推动第二季度营业利润达89.4万亿韩元。若SK海力士如期达成预期,两家公司第二季度合计营业利润将突破150万亿韩元。三星电子将于7月30日——即SK海力士业绩公布次日——披露各业务部门详细财务数据。尽管基本面持续强劲,该公司股价已较高点下跌逾30%,业绩能否重燃市场信心,成为投资者关注焦点。考虑到市值与盈利表现之间的背离,当前,投资者将目光投向29日的二季度财报发布及管理层对下半年的业绩指引,以评估这一估值折价是否具有修复空间。超级周期延长,HBM领导地位是核心驱动力分析人士将SK海力士的亮眼业绩归因于去年下半年启动的存储器超级周期进入长期化阶段。具体而言,第二季度通用DRAM价格持续上涨、HBM销售规模扩大,以及北美云服务提供商(CSP)加大AI数据中心投资带动企业级SSD需求激增、进而推动NAND价格大幅上行,共同构成本轮业绩爆发的主要支撑。KB证券研究部门负责人Kim Dong-won分析指出,随着HBM产能扩张,通用存储器的供给能力实际上将持续受限;同时,随着长期协议(LTA)占比提升,面向大型科技公司及AI数据中心的销售份额预计将扩大至70%。他进一步表示,随着盈利波动性降低、盈利可预测性增强,SK海力士的估值有望随之提升。值得关注的是,B2B销售占比在2017年仅为30%,预计到2027年将达到70%。分析人士认为,2026至2027年的存储器增长周期在营收结构上将与2017至2018年呈现显著差异,以大型科技公司和AI数据中心为核心的B2B销售占比大幅提升,将使盈利质量和稳定性明显改善。利润率有望超越TSMC,财务结构持续优化若上述预测成真,SK海力士75%至77%的营业利润率意味着每销售1万韩元产品,可留存逾7500韩元利润——这一水平在制造业中极为罕见,且将连续第三个季度超越晶圆代工龙头台积电(TSMC)。SK海力士去年第四季度以58%的营业利润率首次超越台积电的54%。考虑到台积电今年第二季度营业利润率为60.3%,两者差距预计将进一步扩大至约15至17个百分点。财务结构方面,SK海力士自去年第三季度起重新转为净现金状态(现金资产超过借款),为2019年以来首次。今年第一季度末,净现金规模已增至35万亿韩元。分析人士预计,第二季度净现金将进一步扩张,财务稳健性持续强化。另外,SK海力士计划于7月30日发放生产力激励金(PI)。PI与利润分享金(PS)并列为该公司两大代表性绩效奖金制度,每年发放两次。根据以营业利润率为基准的发放标准,今年上半年PI预计将设定为月基本工资的150%,达到制度规定的最高上限。分析人士认为,若SK海力士第二季度营业利润达到64万亿韩元,加上第一季度的37.61万亿韩元,SK海力士仅上半年营业利润便将突破100万亿韩元。与此同时,该数字还将超越SK海力士去年全年营业利润(47.2万亿韩元)约17万亿韩元。三星电子与SK海力士合计超过150万亿韩元的单季营业利润,标志着韩国存储器行业在AI浪潮驱动下进入新的历史阶段。","news_type":1,"symbols_score_info":{"DRAL":0.6,"SKDD":0.6,"SKHZ":0.6,"07709":0.6,"SK":0.6,"SKHYV":0.6,"RAM":1.5,"SKHY":1.5,"SKHX":0.6,"SKHU":0.6,"HYNX":0.6,"SKUU":0.6}},"isVote":1,"tweetType":1,"viewCount":768,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3561566184491118","authorId":"3561566184491118","name":"仓位一定要控制好","avatar":"https://static.tigerbbs.com/419e8a501abb0f0aa854fb0a19872565","crmLevel":6,"crmLevelSwitch":0,"idStr":"3561566184491118","authorIdStr":"3561566184491118"},"content":"确实,不管怎么样砸了先","text":"确实,不管怎么样砸了先","html":"确实,不管怎么样砸了先"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":586338370663704,"gmtCreate":1784180518937,"gmtModify":1784180520945,"author":{"id":"4212982252329032","authorId":"4212982252329032","name":"圆头蝴蝶","avatar":"https://static.tigerbbs.com/11f975c3d0ccf067e1b550357847e22c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4212982252329032","authorIdStr":"4212982252329032"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TSM\">$台积电(TSM)$ </a> ****的 这都不满意?","listText":"<a href=\"https://laohu8.com/S/TSM\">$台积电(TSM)$ </a> ****的 这都不满意?","text":"$台积电(TSM)$ ****的 这都不满意?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":9,"repostSize":1,"link":"https://laohu8.com/post/586338370663704","isVote":1,"tweetType":1,"viewCount":3662,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3503690422459425","authorId":"3503690422459425","name":"南宁期货交易员","avatar":"https://static.tigerbbs.com/62034f744e201d7afb36450b5f6cc7bc","crmLevel":6,"crmLevelSwitch":1,"idStr":"3503690422459425","authorIdStr":"3503690422459425"},"content":"哈哈,我发现木头姐买的股票都是跌的,她最近买了台积电,","text":"哈哈,我发现木头姐买的股票都是跌的,她最近买了台积电,","html":"哈哈,我发现木头姐买的股票都是跌的,她最近买了台积电,"},{"author":{"id":"3540680319507322","authorId":"3540680319507322","name":"BenBina","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":8,"crmLevelSwitch":0,"idStr":"3540680319507322","authorIdStr":"3540680319507322"},"content":"早就price in了,利好兑现是利空","text":"早就price in了,利好兑现是利空","html":"早就price in了,利好兑现是利空"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":586290006868144,"gmtCreate":1784168635849,"gmtModify":1784168637798,"author":{"id":"4212982252329032","authorId":"4212982252329032","name":"圆头蝴蝶","avatar":"https://static.tigerbbs.com/11f975c3d0ccf067e1b550357847e22c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4212982252329032","authorIdStr":"4212982252329032"},"themes":[],"title":"","htmlText":"闹钟A里面就没有会说人话的是吧","listText":"闹钟A里面就没有会说人话的是吧","text":"闹钟A里面就没有会说人话的是吧","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/586290006868144","repostId":"2648754043","repostType":2,"repost":{"id":"2648754043","kind":"highlight","weMediaInfo":{"introduction":"证券之星始创于1996年,是国内领先的金融信息及综合服务平台。关注证券之星,即时获取有价值的财经资讯。","home_visible":1,"media_name":"证券之星","id":"1082532455","head_image":"https://community-static.tradeup.com/news/2e305640fc27210243042d09d3a7fa3f"},"pubTimestamp":1782927031,"share":"https://www.laohunote.com/m/news/2648754043?lang=zh_CN&edition=full","pubTime":"2026-07-02 01:30","market":"hk","language":"zh","title":"股市必读:中航沈飞(600760)7月1日董秘有最新回复","url":"https://stock-news.laohu8.com/highlight/detail?id=2648754043","media":"证券之星","summary":"截至2026年7月1日收盘,中航沈飞报收于41.28元,上涨0.44%,换手率0.62%,成交量17.57万手,成交额7.24亿元。根据公司已披露数据,截至2026年一季度末公司资产负债率为64.61%,较2025年中期的69.43%、2025年末的66.88%已有所回落,整体处于行业合理可控区间,且近期呈改善趋势。董秘: 您好,2026年一季度公司营业收入同比减少主要是受产品结构调整及交付进度影响。","content":"<html><head></head><body><p>截至2026年7月1日收盘,<a href=\"https://laohu8.com/S/600760\">中航沈飞</a>(600760)报收于41.28元,上涨0.44%,换手率0.62%,成交量17.57万手,成交额7.24亿元。</p><h2>董秘最新回复</h2><p><b>投资者:</b> 董秘您好,集团将军贸列为核心发展战略,请问公司外贸机型各项试验验证工作,是否会在年中窗口期加快进度,为后续海外商务洽谈打下基础?<b>董秘:</b> 您好,公司如有应披露信息将严格按照有关法律法规的规定和要求及时履行信息披露义务。谢谢您对公司的关注。<b>投资者:</b> 国企,航空装备的佼佼者,这股价一直往下跌,是不是应该向买你股票的股民解释一下公司的经营出了什么问题?<b>董秘:</b> 您好,股价的波动一般会受到国家政策、行业发展、市场情绪等多重因素影响。公司高度重视市值管理工作,坚持以提高公司质量为基础,以提升公司投资价值和股东回报能力为目标的市值管理理念。谢谢您对公司的关注。<b>投资者:</b> 要不干脆别搞战机了,去搞AI吧,你们太拉胯了,还硬科技呢,是不是太弱了<b>董秘:</b> 您好,谢谢您对公司的关注。<b>投资者:</b> 董秘您好,沈北新厂区产线完成阶段性调试后,新老厂区双生产线并行生产,是否能够加快上半年积压整机订单的排产交付,助力三季度营收快速兑现?<b>董秘:</b> 您好,公司于2023年启动新区建设项目,截至目前,项目各标段按计划开展,整体进展符合主计划节点要求,建设期间不影响公司现有正常生产经营。公司如有应披露信息将严格按照有关法律法规的规定和要求及时履行信息披露义务。谢谢您对公司的关注。<b>投资者:</b> 贵公司什么时候发布中报预告?<b>董秘:</b> 您好,公司如有应披露信息将严格按照有关法律法规的规定和要求及时履行信息披露义务。谢谢您对公司的关注。<b>投资者:</b> 股价为何不显示贵司高科技的成分,是不是价值太低了<b>董秘:</b> 您好,股价的波动一般会受到国家政策、行业发展、市场情绪等多重因素影响。公司高度重视市值管理工作,坚持以提高公司质量为基础,以提升公司投资价值和股东回报能力为目标的市值管理理念。谢谢您对公司的关注。<b>投资者:</b> 公司有没有做市值管理?几乎天天跌,不考虑回购股份吗?<b>董秘:</b> 您好,股价的波动一般会受到国家政策、行业发展、市场情绪等多重因素影响,作为上证50及沪深300成分股,公司高度重视市值管理工作,坚持以提高公司质量为基础,以提升公司投资价值和股东回报能力为目标的市值管理理念。2026年6月4日至6月5日,公司董事长、董事及高级管理人员基于对公司发展前景的信心及长期投资价值的认可,以自有资金增持公司股份合计90,000股,增持金额共计370.98万元,本次增持充分体现了公司核心管理层对未来发展的坚定信心。公司如有应披露信息将严格按照有关法律法规的规定和要求及时履行信息披露义务。谢谢您对公司的关注。<b>投资者:</b> 贵公司对于目前原材料涨价、供应链延迟、研发投入大等已知问题是如何面对解决?<b>董秘:</b> 您好,在“保供、合规、控本、增效”目标的牵引下,公司将进一步提升产业链、供应链韧性和安全水平,掌握发展主动权、提升核心竞争力。同时,公司主动发挥航空主机龙头企业和供应链“链长”担当作用,全力做好“补链、强链、固链、稳链”重点任务。谢谢您对公司的关注。<b>投资者:</b> CM100大型货运无人机由参股公司沈阳重明科技运营,中航沈飞负责整机制造,目前订单交付进展如何?<b>董秘:</b> 您好,2025年,公司全资子公司通过参股投资高商载无人机项目,联合多家单位出资设立沈阳重明航空科技有限公司,探索发展低空经济,深化战略性新兴产业布局,推进现代航空产业体系建设。公司如有应披露信息将严格按照有关法律法规的规定和要求及时履行信息披露义务。谢谢您对公司的关注。<b>投资者:</b> 贵公司今年舰载机、隐身机年度采购量如何、批次采购价格稳定吗?<b>董秘:</b> 您好,公司如有应披露信息将严格按照有关法律法规的规定和要求及时履行信息披露义务。谢谢您对公司的关注。<b>投资者:</b> 贵公司如何控制成机成本在如今国际地缘、大宗商品波动下,原材料长期涨价幅度不确定的情况下?<b>董秘:</b> 您好,在“保供、合规、控本、增效”目标的牵引下,公司将进一步提升产业链、供应链韧性和安全水平,掌握发展主动权、提升核心竞争力。同时,公司主动发挥航空主机龙头企业和供应链“链长”担当作用,全力做好“补链、强链、固链、稳链”重点任务。谢谢您对公司的关注。<b>投资者:</b> 贵公司生产的无侦9官方发布有外贸订单,但官方从未单独披露无人机细分营收、产能规划。今年订单是否饱和生产?<b>董秘:</b> 您好,公司如有应披露信息将严格按照有关法律法规的规定和要求及时履行信息披露义务。谢谢您对公司的关注。<b>投资者:</b> 贵公司对于新型无人机的研发有什么进展?<b>董秘:</b> 您好,公司如有应披露信息将严格按照有关法律法规的规定和要求及时履行信息披露义务。谢谢您对公司的关注。<b>投资者:</b> 贵公司如何解决如今持续投建新厂区、复材/钛合金产线,在建工程大幅增长、资产负债率近70%,有息融资持续增加这些多方面问题?<b>董秘:</b> 您好,公司本次定向增发募投项目旨在发挥上市公司资本运作功能,为航空防务装备建设提供能力支撑与资金保障,从源头上增强科研生产任务保障能力、提升上市公司质量。根据公司已披露数据,截至2026年一季度末公司资产负债率为64.61%,较2025年中期的69.43%、2025年末的66.88%已有所回落,整体处于行业合理可控区间,且近期呈改善趋势。公司2026年一季度经营活动产生的现金流量净额为63.19亿元、同比大幅增长,现金及现金等价物净增加约50.26亿元,资金周转与抗风险能力持续增强。谢谢您对公司的关注。<b>投资者:</b> 贵公司股价持续下跌,市值越来越低!!上证50下一次指数调整,贵公司是否有可能调出上证50??<b>董秘:</b> 您好,股价的波动一般会受到国家政策、行业发展、市场情绪等多重因素影响。上证50指数以上证180指数样本为样本空间,挑选上海证券市场规模大、流动性好的最具代表性的50只证券作为样本,综合反映上海证券市场最具市场影响力的一批龙头企业的整体表现。公司高度重视市值管理工作,坚持以提高公司质量为基础,以提升公司投资价值和股东回报能力为目标的市值管理理念。谢谢您对公司的关注。<b>投资者:</b> 贵公司对老机型有做停产减产处理吗?新旧机型切换空档期长吗?是否会对新舰载机的产量有影响?<b>董秘:</b> 您好,2026年一季度公司营业收入同比减少主要是受产品结构调整及交付进度影响。公司充分研判当前风险与挑战,坚持目标导向、问题导向,加强生产组织,全力保障全年科研生产经营任务实现既定目标。公司如有应披露信息将严格按照有关法律法规的规定和要求及时履行信息披露义务。谢谢您对公司的关注。</p><h2>当日关注点</h2><ul><li>交易信息汇总:7月1日主力资金净流入3443.59万元。 </li></ul><h2>交易信息汇总</h2><h3>资金流向</h3><p>7月1日主力资金净流入3443.59万元,占总成交额0.0%;游资资金净流出2369.53万元,占总成交额0.0%;散户资金净流出1074.06万元,占总成交额0.0%。</p><p>以上内容为证券之星据公开信息整理,由AI算法生成(网信算备310104345710301240019号),仅供参考不构成投资建议。</p><p><img src=\"https://static.stockstar.com/etf/20260701000002.png\"/></p></body></html>","source":"stockstar","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>股市必读:中航沈飞(600760)7月1日董秘有最新回复</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股市必读:中航沈飞(600760)7月1日董秘有最新回复\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1082532455\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/2e305640fc27210243042d09d3a7fa3f);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">证券之星 </p>\n<p class=\"h-time\">2026-07-02 01:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>截至2026年7月1日收盘,<a href=\"https://laohu8.com/S/600760\">中航沈飞</a>(600760)报收于41.28元,上涨0.44%,换手率0.62%,成交量17.57万手,成交额7.24亿元。</p><h2>董秘最新回复</h2><p><b>投资者:</b> 董秘您好,集团将军贸列为核心发展战略,请问公司外贸机型各项试验验证工作,是否会在年中窗口期加快进度,为后续海外商务洽谈打下基础?<b>董秘:</b> 您好,公司如有应披露信息将严格按照有关法律法规的规定和要求及时履行信息披露义务。谢谢您对公司的关注。<b>投资者:</b> 国企,航空装备的佼佼者,这股价一直往下跌,是不是应该向买你股票的股民解释一下公司的经营出了什么问题?<b>董秘:</b> 您好,股价的波动一般会受到国家政策、行业发展、市场情绪等多重因素影响。公司高度重视市值管理工作,坚持以提高公司质量为基础,以提升公司投资价值和股东回报能力为目标的市值管理理念。谢谢您对公司的关注。<b>投资者:</b> 要不干脆别搞战机了,去搞AI吧,你们太拉胯了,还硬科技呢,是不是太弱了<b>董秘:</b> 您好,谢谢您对公司的关注。<b>投资者:</b> 董秘您好,沈北新厂区产线完成阶段性调试后,新老厂区双生产线并行生产,是否能够加快上半年积压整机订单的排产交付,助力三季度营收快速兑现?<b>董秘:</b> 您好,公司于2023年启动新区建设项目,截至目前,项目各标段按计划开展,整体进展符合主计划节点要求,建设期间不影响公司现有正常生产经营。公司如有应披露信息将严格按照有关法律法规的规定和要求及时履行信息披露义务。谢谢您对公司的关注。<b>投资者:</b> 贵公司什么时候发布中报预告?<b>董秘:</b> 您好,公司如有应披露信息将严格按照有关法律法规的规定和要求及时履行信息披露义务。谢谢您对公司的关注。<b>投资者:</b> 股价为何不显示贵司高科技的成分,是不是价值太低了<b>董秘:</b> 您好,股价的波动一般会受到国家政策、行业发展、市场情绪等多重因素影响。公司高度重视市值管理工作,坚持以提高公司质量为基础,以提升公司投资价值和股东回报能力为目标的市值管理理念。谢谢您对公司的关注。<b>投资者:</b> 公司有没有做市值管理?几乎天天跌,不考虑回购股份吗?<b>董秘:</b> 您好,股价的波动一般会受到国家政策、行业发展、市场情绪等多重因素影响,作为上证50及沪深300成分股,公司高度重视市值管理工作,坚持以提高公司质量为基础,以提升公司投资价值和股东回报能力为目标的市值管理理念。2026年6月4日至6月5日,公司董事长、董事及高级管理人员基于对公司发展前景的信心及长期投资价值的认可,以自有资金增持公司股份合计90,000股,增持金额共计370.98万元,本次增持充分体现了公司核心管理层对未来发展的坚定信心。公司如有应披露信息将严格按照有关法律法规的规定和要求及时履行信息披露义务。谢谢您对公司的关注。<b>投资者:</b> 贵公司对于目前原材料涨价、供应链延迟、研发投入大等已知问题是如何面对解决?<b>董秘:</b> 您好,在“保供、合规、控本、增效”目标的牵引下,公司将进一步提升产业链、供应链韧性和安全水平,掌握发展主动权、提升核心竞争力。同时,公司主动发挥航空主机龙头企业和供应链“链长”担当作用,全力做好“补链、强链、固链、稳链”重点任务。谢谢您对公司的关注。<b>投资者:</b> CM100大型货运无人机由参股公司沈阳重明科技运营,中航沈飞负责整机制造,目前订单交付进展如何?<b>董秘:</b> 您好,2025年,公司全资子公司通过参股投资高商载无人机项目,联合多家单位出资设立沈阳重明航空科技有限公司,探索发展低空经济,深化战略性新兴产业布局,推进现代航空产业体系建设。公司如有应披露信息将严格按照有关法律法规的规定和要求及时履行信息披露义务。谢谢您对公司的关注。<b>投资者:</b> 贵公司今年舰载机、隐身机年度采购量如何、批次采购价格稳定吗?<b>董秘:</b> 您好,公司如有应披露信息将严格按照有关法律法规的规定和要求及时履行信息披露义务。谢谢您对公司的关注。<b>投资者:</b> 贵公司如何控制成机成本在如今国际地缘、大宗商品波动下,原材料长期涨价幅度不确定的情况下?<b>董秘:</b> 您好,在“保供、合规、控本、增效”目标的牵引下,公司将进一步提升产业链、供应链韧性和安全水平,掌握发展主动权、提升核心竞争力。同时,公司主动发挥航空主机龙头企业和供应链“链长”担当作用,全力做好“补链、强链、固链、稳链”重点任务。谢谢您对公司的关注。<b>投资者:</b> 贵公司生产的无侦9官方发布有外贸订单,但官方从未单独披露无人机细分营收、产能规划。今年订单是否饱和生产?<b>董秘:</b> 您好,公司如有应披露信息将严格按照有关法律法规的规定和要求及时履行信息披露义务。谢谢您对公司的关注。<b>投资者:</b> 贵公司对于新型无人机的研发有什么进展?<b>董秘:</b> 您好,公司如有应披露信息将严格按照有关法律法规的规定和要求及时履行信息披露义务。谢谢您对公司的关注。<b>投资者:</b> 贵公司如何解决如今持续投建新厂区、复材/钛合金产线,在建工程大幅增长、资产负债率近70%,有息融资持续增加这些多方面问题?<b>董秘:</b> 您好,公司本次定向增发募投项目旨在发挥上市公司资本运作功能,为航空防务装备建设提供能力支撑与资金保障,从源头上增强科研生产任务保障能力、提升上市公司质量。根据公司已披露数据,截至2026年一季度末公司资产负债率为64.61%,较2025年中期的69.43%、2025年末的66.88%已有所回落,整体处于行业合理可控区间,且近期呈改善趋势。公司2026年一季度经营活动产生的现金流量净额为63.19亿元、同比大幅增长,现金及现金等价物净增加约50.26亿元,资金周转与抗风险能力持续增强。谢谢您对公司的关注。<b>投资者:</b> 贵公司股价持续下跌,市值越来越低!!上证50下一次指数调整,贵公司是否有可能调出上证50??<b>董秘:</b> 您好,股价的波动一般会受到国家政策、行业发展、市场情绪等多重因素影响。上证50指数以上证180指数样本为样本空间,挑选上海证券市场规模大、流动性好的最具代表性的50只证券作为样本,综合反映上海证券市场最具市场影响力的一批龙头企业的整体表现。公司高度重视市值管理工作,坚持以提高公司质量为基础,以提升公司投资价值和股东回报能力为目标的市值管理理念。谢谢您对公司的关注。<b>投资者:</b> 贵公司对老机型有做停产减产处理吗?新旧机型切换空档期长吗?是否会对新舰载机的产量有影响?<b>董秘:</b> 您好,2026年一季度公司营业收入同比减少主要是受产品结构调整及交付进度影响。公司充分研判当前风险与挑战,坚持目标导向、问题导向,加强生产组织,全力保障全年科研生产经营任务实现既定目标。公司如有应披露信息将严格按照有关法律法规的规定和要求及时履行信息披露义务。谢谢您对公司的关注。</p><h2>当日关注点</h2><ul><li>交易信息汇总:7月1日主力资金净流入3443.59万元。 </li></ul><h2>交易信息汇总</h2><h3>资金流向</h3><p>7月1日主力资金净流入3443.59万元,占总成交额0.0%;游资资金净流出2369.53万元,占总成交额0.0%;散户资金净流出1074.06万元,占总成交额0.0%。</p><p>以上内容为证券之星据公开信息整理,由AI算法生成(网信算备310104345710301240019号),仅供参考不构成投资建议。</p><p><img src=\"https://static.stockstar.com/etf/20260701000002.png\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"600760":"中航沈飞","BK0102":"重组","BK0024":"航母","BK0010":"央企","BK0279":"运输设备"},"source_url":"https://stock.stockstar.com/RB2026070200000871.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2648754043","content_text":"截至2026年7月1日收盘,中航沈飞(600760)报收于41.28元,上涨0.44%,换手率0.62%,成交量17.57万手,成交额7.24亿元。董秘最新回复投资者: 董秘您好,集团将军贸列为核心发展战略,请问公司外贸机型各项试验验证工作,是否会在年中窗口期加快进度,为后续海外商务洽谈打下基础?董秘: 您好,公司如有应披露信息将严格按照有关法律法规的规定和要求及时履行信息披露义务。谢谢您对公司的关注。投资者: 国企,航空装备的佼佼者,这股价一直往下跌,是不是应该向买你股票的股民解释一下公司的经营出了什么问题?董秘: 您好,股价的波动一般会受到国家政策、行业发展、市场情绪等多重因素影响。公司高度重视市值管理工作,坚持以提高公司质量为基础,以提升公司投资价值和股东回报能力为目标的市值管理理念。谢谢您对公司的关注。投资者: 要不干脆别搞战机了,去搞AI吧,你们太拉胯了,还硬科技呢,是不是太弱了董秘: 您好,谢谢您对公司的关注。投资者: 董秘您好,沈北新厂区产线完成阶段性调试后,新老厂区双生产线并行生产,是否能够加快上半年积压整机订单的排产交付,助力三季度营收快速兑现?董秘: 您好,公司于2023年启动新区建设项目,截至目前,项目各标段按计划开展,整体进展符合主计划节点要求,建设期间不影响公司现有正常生产经营。公司如有应披露信息将严格按照有关法律法规的规定和要求及时履行信息披露义务。谢谢您对公司的关注。投资者: 贵公司什么时候发布中报预告?董秘: 您好,公司如有应披露信息将严格按照有关法律法规的规定和要求及时履行信息披露义务。谢谢您对公司的关注。投资者: 股价为何不显示贵司高科技的成分,是不是价值太低了董秘: 您好,股价的波动一般会受到国家政策、行业发展、市场情绪等多重因素影响。公司高度重视市值管理工作,坚持以提高公司质量为基础,以提升公司投资价值和股东回报能力为目标的市值管理理念。谢谢您对公司的关注。投资者: 公司有没有做市值管理?几乎天天跌,不考虑回购股份吗?董秘: 您好,股价的波动一般会受到国家政策、行业发展、市场情绪等多重因素影响,作为上证50及沪深300成分股,公司高度重视市值管理工作,坚持以提高公司质量为基础,以提升公司投资价值和股东回报能力为目标的市值管理理念。2026年6月4日至6月5日,公司董事长、董事及高级管理人员基于对公司发展前景的信心及长期投资价值的认可,以自有资金增持公司股份合计90,000股,增持金额共计370.98万元,本次增持充分体现了公司核心管理层对未来发展的坚定信心。公司如有应披露信息将严格按照有关法律法规的规定和要求及时履行信息披露义务。谢谢您对公司的关注。投资者: 贵公司对于目前原材料涨价、供应链延迟、研发投入大等已知问题是如何面对解决?董秘: 您好,在“保供、合规、控本、增效”目标的牵引下,公司将进一步提升产业链、供应链韧性和安全水平,掌握发展主动权、提升核心竞争力。同时,公司主动发挥航空主机龙头企业和供应链“链长”担当作用,全力做好“补链、强链、固链、稳链”重点任务。谢谢您对公司的关注。投资者: CM100大型货运无人机由参股公司沈阳重明科技运营,中航沈飞负责整机制造,目前订单交付进展如何?董秘: 您好,2025年,公司全资子公司通过参股投资高商载无人机项目,联合多家单位出资设立沈阳重明航空科技有限公司,探索发展低空经济,深化战略性新兴产业布局,推进现代航空产业体系建设。公司如有应披露信息将严格按照有关法律法规的规定和要求及时履行信息披露义务。谢谢您对公司的关注。投资者: 贵公司今年舰载机、隐身机年度采购量如何、批次采购价格稳定吗?董秘: 您好,公司如有应披露信息将严格按照有关法律法规的规定和要求及时履行信息披露义务。谢谢您对公司的关注。投资者: 贵公司如何控制成机成本在如今国际地缘、大宗商品波动下,原材料长期涨价幅度不确定的情况下?董秘: 您好,在“保供、合规、控本、增效”目标的牵引下,公司将进一步提升产业链、供应链韧性和安全水平,掌握发展主动权、提升核心竞争力。同时,公司主动发挥航空主机龙头企业和供应链“链长”担当作用,全力做好“补链、强链、固链、稳链”重点任务。谢谢您对公司的关注。投资者: 贵公司生产的无侦9官方发布有外贸订单,但官方从未单独披露无人机细分营收、产能规划。今年订单是否饱和生产?董秘: 您好,公司如有应披露信息将严格按照有关法律法规的规定和要求及时履行信息披露义务。谢谢您对公司的关注。投资者: 贵公司对于新型无人机的研发有什么进展?董秘: 您好,公司如有应披露信息将严格按照有关法律法规的规定和要求及时履行信息披露义务。谢谢您对公司的关注。投资者: 贵公司如何解决如今持续投建新厂区、复材/钛合金产线,在建工程大幅增长、资产负债率近70%,有息融资持续增加这些多方面问题?董秘: 您好,公司本次定向增发募投项目旨在发挥上市公司资本运作功能,为航空防务装备建设提供能力支撑与资金保障,从源头上增强科研生产任务保障能力、提升上市公司质量。根据公司已披露数据,截至2026年一季度末公司资产负债率为64.61%,较2025年中期的69.43%、2025年末的66.88%已有所回落,整体处于行业合理可控区间,且近期呈改善趋势。公司2026年一季度经营活动产生的现金流量净额为63.19亿元、同比大幅增长,现金及现金等价物净增加约50.26亿元,资金周转与抗风险能力持续增强。谢谢您对公司的关注。投资者: 贵公司股价持续下跌,市值越来越低!!上证50下一次指数调整,贵公司是否有可能调出上证50??董秘: 您好,股价的波动一般会受到国家政策、行业发展、市场情绪等多重因素影响。上证50指数以上证180指数样本为样本空间,挑选上海证券市场规模大、流动性好的最具代表性的50只证券作为样本,综合反映上海证券市场最具市场影响力的一批龙头企业的整体表现。公司高度重视市值管理工作,坚持以提高公司质量为基础,以提升公司投资价值和股东回报能力为目标的市值管理理念。谢谢您对公司的关注。投资者: 贵公司对老机型有做停产减产处理吗?新旧机型切换空档期长吗?是否会对新舰载机的产量有影响?董秘: 您好,2026年一季度公司营业收入同比减少主要是受产品结构调整及交付进度影响。公司充分研判当前风险与挑战,坚持目标导向、问题导向,加强生产组织,全力保障全年科研生产经营任务实现既定目标。公司如有应披露信息将严格按照有关法律法规的规定和要求及时履行信息披露义务。谢谢您对公司的关注。当日关注点交易信息汇总:7月1日主力资金净流入3443.59万元。 交易信息汇总资金流向7月1日主力资金净流入3443.59万元,占总成交额0.0%;游资资金净流出2369.53万元,占总成交额0.0%;散户资金净流出1074.06万元,占总成交额0.0%。以上内容为证券之星据公开信息整理,由AI算法生成(网信算备310104345710301240019号),仅供参考不构成投资建议。","news_type":1,"symbols_score_info":{"600760":1.5}},"isVote":1,"tweetType":1,"viewCount":308,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":580632826250096,"gmtCreate":1782786152927,"gmtModify":1782786154745,"author":{"id":"4212982252329032","authorId":"4212982252329032","name":"圆头蝴蝶","avatar":"https://static.tigerbbs.com/11f975c3d0ccf067e1b550357847e22c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4212982252329032","authorIdStr":"4212982252329032"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/NOK\">$诺基亚(NOK)$ </a> 但凡你能有黑妹一半争气 唉 不是美国的企业是不行","listText":"<a href=\"https://laohu8.com/S/NOK\">$诺基亚(NOK)$ </a> 但凡你能有黑妹一半争气 唉 不是美国的企业是不行","text":"$诺基亚(NOK)$ 但凡你能有黑妹一半争气 唉 不是美国的企业是不行","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/580632826250096","isVote":1,"tweetType":1,"viewCount":1003,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":580442096419784,"gmtCreate":1782739601088,"gmtModify":1782739603054,"author":{"id":"4212982252329032","authorId":"4212982252329032","name":"圆头蝴蝶","avatar":"https://static.tigerbbs.com/11f975c3d0ccf067e1b550357847e22c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4212982252329032","authorIdStr":"4212982252329032"},"themes":[],"title":"","htmlText":"哪都有** 看不得别人好 **吃饱了撑的","listText":"哪都有** 看不得别人好 **吃饱了撑的","text":"哪都有** 看不得别人好 **吃饱了撑的","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/580442096419784","repostId":"1187092008","repostType":2,"repost":{"id":"1187092008","kind":"news","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":1782737781,"share":"https://www.laohunote.com/m/news/1187092008?lang=zh_CN&edition=full","pubTime":"2026-06-29 20:56","market":"us","language":"zh","title":"三星、SK海力士、美光在美遭集体诉讼,涉嫌操纵内存价格","url":"https://stock-news.laohu8.com/highlight/detail?id=1187092008","media":"老虎资讯综合","summary":"三星电子、SK海力士和美光科技被美国部分消费者起诉,指控其涉嫌合谋操纵内存价格。原告指控,这三家生产全球绝大部分DRAM的企业自2022年起在供应和定价上进行串通,导致过去四年间价格飙升约700%。他们还表示,苹果近期全面上调产品价格是此次诉讼的导火索。若原告最终在集体诉讼中胜诉,被告企业将须支付三倍赔偿。三星电子和SK海力士此前在美国曾因合谋行为被定罪,这一点也令人担忧。","content":"<html><head></head><body><p style=\"text-align: left;\">三星电子、SK海力士和美光科技被美国部分消费者起诉,指控其涉嫌合谋操纵内存价格。随着近期“芯片通胀”加剧——包括苹果产品提价——当地消费者和小企业已采取法律行动。</p><p style=\"text-align: left;\">据美国科技媒体Wccftech及法律刊物LAW360报道,14名个人消费者以及包括个人电脑零售商在内的三家小企业,于本月25日向加利福尼亚州联邦法院提起了诉讼。原告指控,这三家生产全球绝大部分DRAM的企业自2022年起在供应和定价上进行串通,导致过去四年间价格飙升约700%。</p><p style=\"text-align: left;\">原告称,这三家公司以向高带宽内存(HBM)转型为由,减少了DRAM的供应。“这些DRAM寡头企业系统性地协调了向HBM的转移,以及DDR3和DDR4的停产。”他们还表示,苹果近期全面上调产品价格是此次诉讼的导火索。</p><p style=\"text-align: left;\">这起诉讼目前规模尚小,但如果法院认可原告主张并正式批准为集体诉讼,规模可能进一步扩大。代表原告的反垄断律师事务所Bathaee Dunne正争取将此案定性为集体诉讼,以代表所有购买含DRAM产品的普通消费者和企业。该律所此前曾在一起指控谷歌数字广告串通的案件中胜诉。若原告最终在集体诉讼中胜诉,被告企业将须支付三倍赔偿。</p><p style=\"text-align: left;\">三星电子和SK海力士此前在美国曾因合谋行为被定罪,这一点也令人担忧。这两家公司均被认定在21世纪初在美国从事价格操纵,不仅被处以巨额罚款,还导致高管被判入狱。不过,包括投资银行杰富瑞(Jefferies)在内的业内机构预计,该诉讼至少在今年年底前不会影响内存价格。</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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}\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三星、SK海力士、美光在美遭集体诉讼,涉嫌操纵内存价格\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\">2026-06-29 20:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">三星电子、SK海力士和美光科技被美国部分消费者起诉,指控其涉嫌合谋操纵内存价格。随着近期“芯片通胀”加剧——包括苹果产品提价——当地消费者和小企业已采取法律行动。</p><p style=\"text-align: left;\">据美国科技媒体Wccftech及法律刊物LAW360报道,14名个人消费者以及包括个人电脑零售商在内的三家小企业,于本月25日向加利福尼亚州联邦法院提起了诉讼。原告指控,这三家生产全球绝大部分DRAM的企业自2022年起在供应和定价上进行串通,导致过去四年间价格飙升约700%。</p><p style=\"text-align: left;\">原告称,这三家公司以向高带宽内存(HBM)转型为由,减少了DRAM的供应。“这些DRAM寡头企业系统性地协调了向HBM的转移,以及DDR3和DDR4的停产。”他们还表示,苹果近期全面上调产品价格是此次诉讼的导火索。</p><p style=\"text-align: left;\">这起诉讼目前规模尚小,但如果法院认可原告主张并正式批准为集体诉讼,规模可能进一步扩大。代表原告的反垄断律师事务所Bathaee Dunne正争取将此案定性为集体诉讼,以代表所有购买含DRAM产品的普通消费者和企业。该律所此前曾在一起指控谷歌数字广告串通的案件中胜诉。若原告最终在集体诉讼中胜诉,被告企业将须支付三倍赔偿。</p><p style=\"text-align: left;\">三星电子和SK海力士此前在美国曾因合谋行为被定罪,这一点也令人担忧。这两家公司均被认定在21世纪初在美国从事价格操纵,不仅被处以巨额罚款,还导致高管被判入狱。不过,包括投资银行杰富瑞(Jefferies)在内的业内机构预计,该诉讼至少在今年年底前不会影响内存价格。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/97dc49a1c38f37d8c33d7241fccf9976","relate_stocks":{"07747":"南方两倍做多三星电子","07709":"南方东英SK海力士每日杠杆最多 (2x) 产品","MUD":"1倍做空MU ETF-Direxion","MUU":"2倍做多MU ETF-Direxion","MULL":"2倍做多MU ETF-GraniteShares","SKHY":"SK海力士","MU":"美光科技"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187092008","content_text":"三星电子、SK海力士和美光科技被美国部分消费者起诉,指控其涉嫌合谋操纵内存价格。随着近期“芯片通胀”加剧——包括苹果产品提价——当地消费者和小企业已采取法律行动。据美国科技媒体Wccftech及法律刊物LAW360报道,14名个人消费者以及包括个人电脑零售商在内的三家小企业,于本月25日向加利福尼亚州联邦法院提起了诉讼。原告指控,这三家生产全球绝大部分DRAM的企业自2022年起在供应和定价上进行串通,导致过去四年间价格飙升约700%。原告称,这三家公司以向高带宽内存(HBM)转型为由,减少了DRAM的供应。“这些DRAM寡头企业系统性地协调了向HBM的转移,以及DDR3和DDR4的停产。”他们还表示,苹果近期全面上调产品价格是此次诉讼的导火索。这起诉讼目前规模尚小,但如果法院认可原告主张并正式批准为集体诉讼,规模可能进一步扩大。代表原告的反垄断律师事务所Bathaee Dunne正争取将此案定性为集体诉讼,以代表所有购买含DRAM产品的普通消费者和企业。该律所此前曾在一起指控谷歌数字广告串通的案件中胜诉。若原告最终在集体诉讼中胜诉,被告企业将须支付三倍赔偿。三星电子和SK海力士此前在美国曾因合谋行为被定罪,这一点也令人担忧。这两家公司均被认定在21世纪初在美国从事价格操纵,不仅被处以巨额罚款,还导致高管被判入狱。不过,包括投资银行杰富瑞(Jefferies)在内的业内机构预计,该诉讼至少在今年年底前不会影响内存价格。","news_type":1,"symbols_score_info":{"07709":2,"MU":2,"MUD":0.6,"SKHY":1,"MULL":0.6,"07747":2,"MUU":0.6}},"isVote":1,"tweetType":1,"viewCount":573,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":579384472753200,"gmtCreate":1782481460447,"gmtModify":1782481976673,"author":{"id":"4212982252329032","authorId":"4212982252329032","name":"圆头蝴蝶","avatar":"https://static.tigerbbs.com/11f975c3d0ccf067e1b550357847e22c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4212982252329032","authorIdStr":"4212982252329032"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/WDC\">$西部数据(WDC)$ </a> 什么东西 天天开盘就砸","listText":"<a href=\"https://laohu8.com/S/WDC\">$西部数据(WDC)$ </a> 什么东西 天天开盘就砸","text":"$西部数据(WDC)$ 什么东西 天天开盘就砸","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/579384472753200","isVote":1,"tweetType":1,"viewCount":1703,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"81406484305830","authorId":"81406484305830","name":"LH001","avatar":"https://static.tigerbbs.com/317425b1cbfe0867a99b82c20aa1f504","crmLevel":8,"crmLevelSwitch":0,"idStr":"81406484305830","authorIdStr":"81406484305830"},"content":"不知道是不是年中调仓","text":"不知道是不是年中调仓","html":"不知道是不是年中调仓"}],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":607383209005848,"gmtCreate":1789310441991,"gmtModify":1789310444880,"author":{"id":"4212982252329032","authorId":"4212982252329032","name":"圆头蝴蝶","avatar":"https://static.tigerbbs.com/11f975c3d0ccf067e1b550357847e22c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4212982252329032","idStr":"4212982252329032"},"themes":[],"title":"","htmlText":"请问这个暗盘数据在哪里能看?是根据什么得出来的呢?不会是币圈哪些链上的东西吧<a href=\"https://laohu8.com/S/MU\">$美光科技(MU)$ </a> <a href=\"https://laohu8.com/S/SNDK\">$闪迪(SNDK)$ </a> <a href=\"https://laohu8.com/S/WDC\">$西部数据(WDC)$ </a> ","listText":"请问这个暗盘数据在哪里能看?是根据什么得出来的呢?不会是币圈哪些链上的东西吧<a href=\"https://laohu8.com/S/MU\">$美光科技(MU)$ </a> <a href=\"https://laohu8.com/S/SNDK\">$闪迪(SNDK)$ </a> <a href=\"https://laohu8.com/S/WDC\">$西部数据(WDC)$ </a> ","text":"请问这个暗盘数据在哪里能看?是根据什么得出来的呢?不会是币圈哪些链上的东西吧$美光科技(MU)$ $闪迪(SNDK)$ $西部数据(WDC)$","images":[{"img":"https://static.tigerbbs.com/e6fe5d8db1d2d3ca747a7dd8906575d7","width":"1125","height":"2436"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":2,"link":"https://laohu8.com/post/607383209005848","isVote":1,"tweetType":1,"viewCount":1893,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3562558667625756","authorId":"3562558667625756","name":"陈安安","avatar":"https://static.tigerbbs.com/d7586cd50f7ae9a6d8a4eedf14c80025","crmLevel":3,"crmLevelSwitch":1,"authorIdStr":"3562558667625756","idStr":"3562558667625756"},"content":"币圈也是真金白银锚定的","text":"币圈也是真金白银锚定的","html":"币圈也是真金白银锚定的"}],"imageCount":1,"langContent":"CN","totalScore":0},{"id":607719589990992,"gmtCreate":1789392557745,"gmtModify":1789393541553,"author":{"id":"4212982252329032","authorId":"4212982252329032","name":"圆头蝴蝶","avatar":"https://static.tigerbbs.com/11f975c3d0ccf067e1b550357847e22c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4212982252329032","idStr":"4212982252329032"},"themes":[],"title":"","htmlText":"这位美股嘉豪 独眼小丑的空头仓位刚爆仓 刚转多头 又要爆仓 这种两头挨打 搁谁身上都要出来bb两句 ","listText":"这位美股嘉豪 独眼小丑的空头仓位刚爆仓 刚转多头 又要爆仓 这种两头挨打 搁谁身上都要出来bb两句 ","text":"这位美股嘉豪 独眼小丑的空头仓位刚爆仓 刚转多头 又要爆仓 这种两头挨打 搁谁身上都要出来bb两句","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/607719589990992","repostId":"1187603705","repostType":2,"repost":{"id":"1187603705","kind":"news","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":1789379463,"share":"https://www.laohunote.com/m/news/1187603705?lang=zh_CN&edition=full","pubTime":"2026-09-14 17:51","market":"us","language":"zh","title":"“大空头”Burry狠批AI巨头呼吁放缓研发:纯属自私自利,为IPO造势炒作,遮掩增长乏力困境","url":"https://stock-news.laohu8.com/highlight/detail?id=1187603705","media":"老虎资讯综合","summary":"Michael Burry质疑OpenAI、Anthropic等AI巨头放缓AI发展的呼吁,并称这一推动“更多是为了自身利益”。Burry认为,OpenAI、Anthropic以及其他主要AI公司的相关呼吁,可能通过放缓快速发展的竞争来保护现有巨头。不过,OpenAI首席执行官Sam Altman表示,公司今年不会上市,当前进行IPO并不是合适的时机。Burry认为,这些警告也可能为“增长真正出现无法控制的放缓”提供掩护,因为相关公司的IPO似乎正在被推迟。上述言论正值多位知名AI行业人士呼吁放缓AI发展之际。","content":"<html><head></head><body><p style=\"text-align: left;\">Michael Burry质疑OpenAI、Anthropic等AI巨头放缓AI发展的呼吁,并称这一推动“更多是为了自身利益”。</p><p style=\"text-align: left;\">Burry在X上发文表示:“我们都应该花点时间想想,OpenAI、Anthropic以及其他大型超大规模云服务商的高管谈论放缓发展,到底有多么符合自身利益。”</p><p style=\"text-align: left;\">他列出了四点质疑:</p><p style=\"text-align: left;\"><strong>1.LLM并不等于AI,也不会成为AGI,没有什么AI发展需要被放缓。</strong></p><p style=\"text-align: left;\"><strong>2.竞争正在快速到来,放缓发展将有利于现有巨头。</strong></p><p style=\"text-align: left;\"><strong>3.公司准备IPO需要炒作和包装,‘我们太强大了,甚至可能变得危险’本身就是一种炒作和包装。</strong></p><p style=\"text-align: left;\"><strong>4.为增长真正失控放缓提供掩护,因为IPO可能被推迟。</strong></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/fddf691d756a9cd905eba8f9b0e2f25b\" data-align=\"center\" tg-width=\"1172\" tg-height=\"524\"/><span></span></p><p style=\"text-align: left;\">Burry认为,OpenAI、Anthropic以及其他主要AI公司的相关呼吁,可能通过放缓快速发展的竞争来保护现有巨头。他同时质疑这一讨论的基础,认为大型语言模型(LLM)并不等同于人工通用智能(AGI),因此并不存在所谓“需要放缓的AI”。</p><p style=\"text-align: left;\">他还表示,随着相关公司准备上市,对“AI可能变得危险”的讨论可能有助于维持投资者的热情。</p><p style=\"text-align: left;\">OpenAI和Anthropic均于今年夏季早些时候向美国证券交易委员会(SEC)提交了IPO初步文件。不过,OpenAI首席执行官Sam Altman表示,公司今年不会上市,当前进行IPO并不是合适的时机。</p><p style=\"text-align: left;\">Burry认为,这些警告也可能为“增长真正出现无法控制的放缓”提供掩护,因为相关公司的IPO似乎正在被推迟。</p><p style=\"text-align: left;\">上述言论正值多位知名AI行业人士呼吁放缓AI发展之际。Anthropic首席执行官Dario Amodei周六在个人网站发表文章称,应该放缓提升AI模型能力的进程。OpenAI首席执行官Sam Altman随后在X上回应称:“我同意Dario的观点,我们需要控制前沿AI的发展节奏。”</p><p style=\"text-align: left;\">SpaceXAI(前身为xAI)创始人Elon Musk也在X上表示:“Dario是对的。”</p><p style=\"text-align: left;\">微软首席执行官Satya Nadella同样支持将“研究、聚焦以及有意识地控制发展节奏”作为实现AI安全对齐的设计目标。Google DeepMind首席执行官Demis Hassabis此前也支持在风险上升时,通过协调方式放缓前沿AI发展。今年7月,他曾呼吁建立由美国主导的全球AI监管机构,对全球最先进的AI模型进行审查。</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>“大空头”Burry狠批AI巨头呼吁放缓研发:纯属自私自利,为IPO造势炒作,遮掩增长乏力困境</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{ 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}\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“大空头”Burry狠批AI巨头呼吁放缓研发:纯属自私自利,为IPO造势炒作,遮掩增长乏力困境\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\">2026-09-14 17:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">Michael Burry质疑OpenAI、Anthropic等AI巨头放缓AI发展的呼吁,并称这一推动“更多是为了自身利益”。</p><p style=\"text-align: left;\">Burry在X上发文表示:“我们都应该花点时间想想,OpenAI、Anthropic以及其他大型超大规模云服务商的高管谈论放缓发展,到底有多么符合自身利益。”</p><p style=\"text-align: left;\">他列出了四点质疑:</p><p style=\"text-align: left;\"><strong>1.LLM并不等于AI,也不会成为AGI,没有什么AI发展需要被放缓。</strong></p><p style=\"text-align: left;\"><strong>2.竞争正在快速到来,放缓发展将有利于现有巨头。</strong></p><p style=\"text-align: left;\"><strong>3.公司准备IPO需要炒作和包装,‘我们太强大了,甚至可能变得危险’本身就是一种炒作和包装。</strong></p><p style=\"text-align: left;\"><strong>4.为增长真正失控放缓提供掩护,因为IPO可能被推迟。</strong></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/fddf691d756a9cd905eba8f9b0e2f25b\" data-align=\"center\" tg-width=\"1172\" tg-height=\"524\"/><span></span></p><p style=\"text-align: left;\">Burry认为,OpenAI、Anthropic以及其他主要AI公司的相关呼吁,可能通过放缓快速发展的竞争来保护现有巨头。他同时质疑这一讨论的基础,认为大型语言模型(LLM)并不等同于人工通用智能(AGI),因此并不存在所谓“需要放缓的AI”。</p><p style=\"text-align: left;\">他还表示,随着相关公司准备上市,对“AI可能变得危险”的讨论可能有助于维持投资者的热情。</p><p style=\"text-align: left;\">OpenAI和Anthropic均于今年夏季早些时候向美国证券交易委员会(SEC)提交了IPO初步文件。不过,OpenAI首席执行官Sam Altman表示,公司今年不会上市,当前进行IPO并不是合适的时机。</p><p style=\"text-align: left;\">Burry认为,这些警告也可能为“增长真正出现无法控制的放缓”提供掩护,因为相关公司的IPO似乎正在被推迟。</p><p style=\"text-align: left;\">上述言论正值多位知名AI行业人士呼吁放缓AI发展之际。Anthropic首席执行官Dario Amodei周六在个人网站发表文章称,应该放缓提升AI模型能力的进程。OpenAI首席执行官Sam Altman随后在X上回应称:“我同意Dario的观点,我们需要控制前沿AI的发展节奏。”</p><p style=\"text-align: left;\">SpaceXAI(前身为xAI)创始人Elon Musk也在X上表示:“Dario是对的。”</p><p style=\"text-align: left;\">微软首席执行官Satya Nadella同样支持将“研究、聚焦以及有意识地控制发展节奏”作为实现AI安全对齐的设计目标。Google DeepMind首席执行官Demis Hassabis此前也支持在风险上升时,通过协调方式放缓前沿AI发展。今年7月,他曾呼吁建立由美国主导的全球AI监管机构,对全球最先进的AI模型进行审查。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQpg805ffqYtFs7-dZwF-KyzJ-cO0_5eLii5Cd3wSQBQw&s=10","relate_stocks":{"MU":"美光科技","DIPS":"做空NVDA期权收益策略ETF-YieldMax","AMDW":"Roundhill AMD WeeklyPay ETF","AMZN":"亚马逊","AMDY":"AMD期权收益策略ETF-YieldMax","AVL":"2倍做多AVGO ETF-Direxion","MVLL":"2倍做多MRVL ETF-GraniteShares","GOGL":"2倍做多GOOGL ETF-Corgi","DAMD":"2倍做空AMD ETF-Defiance","MIC":"2倍做多MU ETF-Corgi","07788":"南方两倍做多英伟达","CRWG":"2倍做多CRWV ETF-Leverage Shares","DELL":"戴尔","CRWU":"2倍做多CRWV ETF-T-Rex","COHR":"Coherent","CRWX":"Corgi CRWV 2x Daily ETF","GOOL":"Leverage Shares 2X Long GOOGL Daily 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Shares 2X Long COHR Daily ETF","CIEN":"Ciena科技","ANV":"GraniteShares Autocallable NVDA ETF","MUU":"2倍做多MU ETF-Direxion","COHQ":"Tradr 2X Short COHR Daily ETF","AMDL":"2倍做多AMD ETF-GraniteShares","AVGW":"Roundhill AVGO WeeklyPay ETF","GOOG":"谷歌","AVGX":"2倍做多AVGO ETF-Defiance","COHX":"Tradr 2X Long COHR Daily ETF","MUYY":"GraniteShares YieldBOOSTMU ETF","MSFT":"微软","CRWV":"CoreWeave, Inc.","GOOGL":"谷歌A","MUZ":"2倍做空MU ETF-Defiance"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187603705","content_text":"Michael Burry质疑OpenAI、Anthropic等AI巨头放缓AI发展的呼吁,并称这一推动“更多是为了自身利益”。Burry在X上发文表示:“我们都应该花点时间想想,OpenAI、Anthropic以及其他大型超大规模云服务商的高管谈论放缓发展,到底有多么符合自身利益。”他列出了四点质疑:1.LLM并不等于AI,也不会成为AGI,没有什么AI发展需要被放缓。2.竞争正在快速到来,放缓发展将有利于现有巨头。3.公司准备IPO需要炒作和包装,‘我们太强大了,甚至可能变得危险’本身就是一种炒作和包装。4.为增长真正失控放缓提供掩护,因为IPO可能被推迟。Burry认为,OpenAI、Anthropic以及其他主要AI公司的相关呼吁,可能通过放缓快速发展的竞争来保护现有巨头。他同时质疑这一讨论的基础,认为大型语言模型(LLM)并不等同于人工通用智能(AGI),因此并不存在所谓“需要放缓的AI”。他还表示,随着相关公司准备上市,对“AI可能变得危险”的讨论可能有助于维持投资者的热情。OpenAI和Anthropic均于今年夏季早些时候向美国证券交易委员会(SEC)提交了IPO初步文件。不过,OpenAI首席执行官Sam Altman表示,公司今年不会上市,当前进行IPO并不是合适的时机。Burry认为,这些警告也可能为“增长真正出现无法控制的放缓”提供掩护,因为相关公司的IPO似乎正在被推迟。上述言论正值多位知名AI行业人士呼吁放缓AI发展之际。Anthropic首席执行官Dario Amodei周六在个人网站发表文章称,应该放缓提升AI模型能力的进程。OpenAI首席执行官Sam Altman随后在X上回应称:“我同意Dario的观点,我们需要控制前沿AI的发展节奏。”SpaceXAI(前身为xAI)创始人Elon Musk也在X上表示:“Dario是对的。”微软首席执行官Satya Nadella同样支持将“研究、聚焦以及有意识地控制发展节奏”作为实现AI安全对齐的设计目标。Google DeepMind首席执行官Demis Hassabis此前也支持在风险上升时,通过协调方式放缓前沿AI发展。今年7月,他曾呼吁建立由美国主导的全球AI监管机构,对全球最先进的AI模型进行审查。","news_type":1,"symbols_score_info":{"NVDD":0.6,"AMUU":0.6,"AMDG":0.6,"NVDS":0.6,"CRWU":0.6,"CRD":0.6,"MSFY":0.6,"GOOW":0.6,"AMZW":0.6,"NVD":0.6,"NVDY":0.6,"MSFO":0.6,"MULL":0.6,"MUU":0.6,"AVGG":0.6,"MRVX":0.6,"LITZ":0.6,"AMDY":0.6,"COHR":2,"AMDC":0.6,"GOOGL":2,"LITX":0.6,"SMCY":0.6,"DAMD":0.6,"NVYY":0.6,"AVGX":0.6,"NVDG":0.6,"LITG":0.6,"MSFW":0.6,"NVDW":0.6,"CRDO":2,"COHC":0.6,"NVDO":0.6,"NVII":0.6,"ANEL":0.6,"CRWV":2,"MVLL":0.6,"AMD":2,"GOGL":0.6,"NVDA":2,"CRWX":0.6,"MSFU":0.6,"AZYY":0.6,"MSFD":0.6,"MUZ":0.6,"CRDU":0.6,"AVS":0.6,"LITC":0.6,"COHQ":0.6,"AMZD":0.6,"AMYY":0.6,"AMDL":0.6,"LITU":0.6,"SMCI":2,"COHH":0.6,"AVGW":0.6,"COHX":0.6,"MSFC":0.6,"DIPS":0.6,"CWVX":0.6,"AVL":0.6,"NVDL":0.6,"MIC":0.6,"GOOG":2,"SMCC":0.6,"MUG":0.6,"CIEG":0.6,"NVDQ":0.6,"GGLS":0.6,"MSFX":0.6,"07388":0.6,"DELL":2,"NVC":0.6,"MUD":0.6,"07788":0.6,"DLLL":0.6,"SMCL":0.6,"AMZO":0.6,"AMAA":0.6,"AMZU":0.6,"AMDD":0.6,"GOOY":0.6,"MSFL":0.6,"LITE":2,"MUYY":0.6,"AVGU":0.6,"AMZY":0.6,"ANET":2,"HPE":2,"AMZP":0.6,"CIEN":2,"CWII":0.6,"MRVL":2,"GOU":0.6,"SMCZ":0.6,"NVDU":0.6,"SMCX":0.6,"GOOP":0.6,"AVGC":0.6,"AVGO":2,"NVDX":0.6,"MSFT":2,"MRVU":0.6,"CORD":0.6,"GOOL":0.6,"HPEL":0.6,"NVDB":0.6,"CRWG":0.6,"AMDW":0.6,"GOOX":0.6,"SMYY":0.6,"GGLL":0.6,"CIEX":0.6,"AMZN":2,"MU":2,"AMZG":0.6,"AMZZ":0.6,"ANV":0.6}},"isVote":1,"tweetType":1,"viewCount":77,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3472532348212000","authorId":"3472532348212000","name":"chenx32401","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3472532348212000","idStr":"3472532348212000"},"content":"哈哈哈哈 burry真是大反指","text":"哈哈哈哈 burry真是大反指","html":"哈哈哈哈 burry真是大反指"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":593954425209512,"gmtCreate":1786025089021,"gmtModify":1786025101543,"author":{"id":"4212982252329032","authorId":"4212982252329032","name":"圆头蝴蝶","avatar":"https://static.tigerbbs.com/11f975c3d0ccf067e1b550357847e22c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4212982252329032","idStr":"4212982252329032"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/SNDK\">$闪迪(SNDK)$</a> <a href=\"https://laohu8.com/S/MU\">$美光科技(MU)$ </a> <a href=\"https://laohu8.com/S/WDC\">$西部数据(WDC)$ </a> 美国其实是大连东边的一个小岛 闪迪是华强北的一个档口 美光是Best Buy里的一个柜台 西部数据是火车站门口卖光盘的","listText":"<a href=\"https://laohu8.com/S/SNDK\">$闪迪(SNDK)$</a> <a href=\"https://laohu8.com/S/MU\">$美光科技(MU)$ </a> <a href=\"https://laohu8.com/S/WDC\">$西部数据(WDC)$ </a> 美国其实是大连东边的一个小岛 闪迪是华强北的一个档口 美光是Best Buy里的一个柜台 西部数据是火车站门口卖光盘的","text":"$闪迪(SNDK)$ $美光科技(MU)$ $西部数据(WDC)$ 美国其实是大连东边的一个小岛 闪迪是华强北的一个档口 美光是Best Buy里的一个柜台 西部数据是火车站门口卖光盘的","images":[{"img":"https://static.tigerbbs.com/5b94093393b2c6b3cb362a80d3c0a603","width":"2360","height":"1640"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/593954425209512","isVote":1,"tweetType":1,"viewCount":5055,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":606888137597768,"gmtCreate":1789189576181,"gmtModify":1789190258588,"author":{"id":"4212982252329032","authorId":"4212982252329032","name":"圆头蝴蝶","avatar":"https://static.tigerbbs.com/11f975c3d0ccf067e1b550357847e22c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4212982252329032","idStr":"4212982252329032"},"themes":[],"title":"","htmlText":"这还拒绝?臭打工的给脸不要脸啊 建议恢复奴隶制[捂脸] [捂脸] ","listText":"这还拒绝?臭打工的给脸不要脸啊 建议恢复奴隶制[捂脸] [捂脸] ","text":"这还拒绝?臭打工的给脸不要脸啊 建议恢复奴隶制[捂脸] [捂脸]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/606888137597768","repostId":"2666250342","repostType":2,"repost":{"id":"2666250342","kind":"highlight","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":1789188806,"share":"https://www.laohunote.com/m/news/2666250342?lang=zh_CN&edition=full","pubTime":"2026-09-12 12:53","market":"fut","language":"zh","title":"又见存储巨头“天量奖金”:美光最高发68个月奖金","url":"https://stock-news.laohu8.com/highlight/detail?id=2666250342","media":"华尔街见闻","summary":"美光科技宣布向中国台湾员工发放35至68个月薪酬的创纪录奖励,最低现金补偿170万新台币。然而,代表中国台湾约三分之二员工的桃园工会拒绝接受,坚持要求将15%营业利润纳入奖金分配,并维持罢工威胁。","content":"<html><head></head><body><p>美光科技宣布向中国台湾员工发放创纪录奖励,但工会拒绝接受并维持罢工威胁,劳资博弈进入关键阶段。</p>\n<p>美光科技周五宣布,<strong>中国台湾员工将获得相当于35至68个月薪酬的2026财年奖励,最低现金补偿为170万新台币(约合5.38万美元)。</strong></p>\n<p>美光指出,在经历了一个“对公司而言非凡的年份”后,全球超过6万名员工将获得2026财年的奖励,本次向员工发放的薪酬力度为历年来最高。</p>\n<p>然而,代表美光中国台湾约三分之二员工的桃园工会当日发表声明称,双方在持续谈判中尚未达成共识,<strong>工会仍要求将营业利润的15%拨作员工奖金</strong>,并警告称:</p>\n<blockquote>\n<p><strong>若公司不回应相关诉求,工会将继续推进罢工程序。</strong></p>\n</blockquote>\n<div>\n<h2>奖励方案细节</h2>\n</div>\n<p>根据美光披露的方案,2025年8月29日前入职的中国台湾员工将获得100万新台币(约合3.17万美元)的现金奖金。</p>\n<p><strong>对于初级工程师,总奖励平均达340万新台币,其中现金补偿平均约290万新台币,其余部分以股权授予价值计算。此外,所有员工还将获得年度股权授予。</strong></p>\n<p>美光在中国台湾约雇用1.5万名员工,中国台湾是其最重要的生产基地之一,公司已在台累计投资逾1.6万亿新台币。</p>\n<p><strong>工会迄今坚持的核心诉求是将15%营业利润纳入员工奖金分配机制,与美光现行方案之间仍存在明显分歧。</strong></p>\n<p><strong>美光此番举措,在一定程度上是为规避重蹈韩国竞争对手<a href=\"https://laohu8.com/S/SSNLF\">三星电子</a>的覆辙。</strong></p>\n<p>据报道,<a href=\"https://laohu8.com/S/SMSN.UK\">三星</a>今年5月曾面临多达4.8万名工会成员发起18天罢工的威胁,最终在最后关头谈判达成协议,设立了相当于芯片部门营业利润10.5%的特别奖金池,方才化解危机。</p>\n<p>美光中国台湾工会此前亦明确指出,三星和<a href=\"https://laohu8.com/S/SKHY\">SK海力士</a>的利润分享安排已拉大美光员工与韩国同行之间的薪酬差距,此为此次劳资纠纷的核心背景之一。</p>\n<p>对于存储芯片市场而言,中国台湾作为美光核心生产基地的稳定性至关重要。劳动争议若持续升级乃至演变为实际罢工行动,将对美光的生产节奏和供应链造成直接影响,进而波及全球存储芯片供给格局。</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>又见存储巨头“天量奖金”:美光最高发68个月奖金</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又见存储巨头“天量奖金”:美光最高发68个月奖金\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\">2026-09-12 12:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>美光科技宣布向中国台湾员工发放创纪录奖励,但工会拒绝接受并维持罢工威胁,劳资博弈进入关键阶段。</p>\n<p>美光科技周五宣布,<strong>中国台湾员工将获得相当于35至68个月薪酬的2026财年奖励,最低现金补偿为170万新台币(约合5.38万美元)。</strong></p>\n<p>美光指出,在经历了一个“对公司而言非凡的年份”后,全球超过6万名员工将获得2026财年的奖励,本次向员工发放的薪酬力度为历年来最高。</p>\n<p>然而,代表美光中国台湾约三分之二员工的桃园工会当日发表声明称,双方在持续谈判中尚未达成共识,<strong>工会仍要求将营业利润的15%拨作员工奖金</strong>,并警告称:</p>\n<blockquote>\n<p><strong>若公司不回应相关诉求,工会将继续推进罢工程序。</strong></p>\n</blockquote>\n<div>\n<h2>奖励方案细节</h2>\n</div>\n<p>根据美光披露的方案,2025年8月29日前入职的中国台湾员工将获得100万新台币(约合3.17万美元)的现金奖金。</p>\n<p><strong>对于初级工程师,总奖励平均达340万新台币,其中现金补偿平均约290万新台币,其余部分以股权授予价值计算。此外,所有员工还将获得年度股权授予。</strong></p>\n<p>美光在中国台湾约雇用1.5万名员工,中国台湾是其最重要的生产基地之一,公司已在台累计投资逾1.6万亿新台币。</p>\n<p><strong>工会迄今坚持的核心诉求是将15%营业利润纳入员工奖金分配机制,与美光现行方案之间仍存在明显分歧。</strong></p>\n<p><strong>美光此番举措,在一定程度上是为规避重蹈韩国竞争对手<a href=\"https://laohu8.com/S/SSNLF\">三星电子</a>的覆辙。</strong></p>\n<p>据报道,<a href=\"https://laohu8.com/S/SMSN.UK\">三星</a>今年5月曾面临多达4.8万名工会成员发起18天罢工的威胁,最终在最后关头谈判达成协议,设立了相当于芯片部门营业利润10.5%的特别奖金池,方才化解危机。</p>\n<p>美光中国台湾工会此前亦明确指出,三星和<a href=\"https://laohu8.com/S/SKHY\">SK海力士</a>的利润分享安排已拉大美光员工与韩国同行之间的薪酬差距,此为此次劳资纠纷的核心背景之一。</p>\n<p>对于存储芯片市场而言,中国台湾作为美光核心生产基地的稳定性至关重要。劳动争议若持续升级乃至演变为实际罢工行动,将对美光的生产节奏和供应链造成直接影响,进而波及全球存储芯片供给格局。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/97dc49a1c38f37d8c33d7241fccf9976","relate_stocks":{"BK4579":"人工智能","LU0274383776.USD":"MANULIFE GF US SMALL CAP EQUITY \"AA\" (USD) INC","MULL":"2倍做多MU ETF-GraniteShares","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. 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ETF"},"source_url":"https://wallstreetcn.com/articles/3781624","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2666250342","content_text":"美光科技宣布向中国台湾员工发放创纪录奖励,但工会拒绝接受并维持罢工威胁,劳资博弈进入关键阶段。\n美光科技周五宣布,中国台湾员工将获得相当于35至68个月薪酬的2026财年奖励,最低现金补偿为170万新台币(约合5.38万美元)。\n美光指出,在经历了一个“对公司而言非凡的年份”后,全球超过6万名员工将获得2026财年的奖励,本次向员工发放的薪酬力度为历年来最高。\n然而,代表美光中国台湾约三分之二员工的桃园工会当日发表声明称,双方在持续谈判中尚未达成共识,工会仍要求将营业利润的15%拨作员工奖金,并警告称:\n\n若公司不回应相关诉求,工会将继续推进罢工程序。\n\n\n奖励方案细节\n\n根据美光披露的方案,2025年8月29日前入职的中国台湾员工将获得100万新台币(约合3.17万美元)的现金奖金。\n对于初级工程师,总奖励平均达340万新台币,其中现金补偿平均约290万新台币,其余部分以股权授予价值计算。此外,所有员工还将获得年度股权授予。\n美光在中国台湾约雇用1.5万名员工,中国台湾是其最重要的生产基地之一,公司已在台累计投资逾1.6万亿新台币。\n工会迄今坚持的核心诉求是将15%营业利润纳入员工奖金分配机制,与美光现行方案之间仍存在明显分歧。\n美光此番举措,在一定程度上是为规避重蹈韩国竞争对手三星电子的覆辙。\n据报道,三星今年5月曾面临多达4.8万名工会成员发起18天罢工的威胁,最终在最后关头谈判达成协议,设立了相当于芯片部门营业利润10.5%的特别奖金池,方才化解危机。\n美光中国台湾工会此前亦明确指出,三星和SK海力士的利润分享安排已拉大美光员工与韩国同行之间的薪酬差距,此为此次劳资纠纷的核心背景之一。\n对于存储芯片市场而言,中国台湾作为美光核心生产基地的稳定性至关重要。劳动争议若持续升级乃至演变为实际罢工行动,将对美光的生产节奏和供应链造成直接影响,进而波及全球存储芯片供给格局。","news_type":1,"symbols_score_info":{"EMSF":0.6,"TRFK":0.6,"CHPS":0.6,"MU":1.95,"MIC":0.6,"MULL":0.6,"WUGI":0.6,"SMH":0.6,"AIFD":0.6,"FTXL":0.6,"AIQ":0.6,"XLK":0.6,"SOXX":0.6,"FAI":0.6,"ARTY":0.6,"SOXQ":0.6,"PTF":0.6,"EFIV":0.6,"DISK":0.6,"FXL":0.6,"DRMY":0.6,"TTXU":0.6,"HBMX":0.6,"FDTX":0.6,"MUZ":0.6,"CGGO":0.6,"LEGR":0.6,"AIS":0.6,"BOBP":0.6,"CHPX":0.6,"IETC":0.6,"EGGY":0.6,"JGRO":0.6,"CHAT":0.6,"SHOC":0.6,"MUU":0.6,"RULE":0.6,"VGT":0.6,"MUYY":0.6,"WLDR":0.6,"PSI":0.6,"USXF":0.6,"XNTK":0.6,"IXN":0.6,"MUD":0.6,"FTEC":0.6,"MUG":0.6,"BAI":0.6}},"isVote":1,"tweetType":1,"viewCount":155,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3526559826877147","authorId":"3526559826877147","name":"蓬狗屎","avatar":"https://static.tigerbbs.com/1437aaae913b6c4cdd5b6b2decdb198a","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3526559826877147","idStr":"3526559826877147"},"content":"建议和其他省份同等待遇[笑哭]","text":"建议和其他省份同等待遇[笑哭]","html":"建议和其他省份同等待遇[笑哭]"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":586338370663704,"gmtCreate":1784180518937,"gmtModify":1784180520945,"author":{"id":"4212982252329032","authorId":"4212982252329032","name":"圆头蝴蝶","avatar":"https://static.tigerbbs.com/11f975c3d0ccf067e1b550357847e22c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4212982252329032","idStr":"4212982252329032"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TSM\">$台积电(TSM)$ </a> ****的 这都不满意?","listText":"<a href=\"https://laohu8.com/S/TSM\">$台积电(TSM)$ </a> ****的 这都不满意?","text":"$台积电(TSM)$ ****的 这都不满意?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":9,"repostSize":1,"link":"https://laohu8.com/post/586338370663704","isVote":1,"tweetType":1,"viewCount":3662,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3503690422459425","authorId":"3503690422459425","name":"南宁期货交易员","avatar":"https://static.tigerbbs.com/62034f744e201d7afb36450b5f6cc7bc","crmLevel":6,"crmLevelSwitch":1,"authorIdStr":"3503690422459425","idStr":"3503690422459425"},"content":"哈哈,我发现木头姐买的股票都是跌的,她最近买了台积电,","text":"哈哈,我发现木头姐买的股票都是跌的,她最近买了台积电,","html":"哈哈,我发现木头姐买的股票都是跌的,她最近买了台积电,"},{"author":{"id":"3540680319507322","authorId":"3540680319507322","name":"BenBina","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":8,"crmLevelSwitch":0,"authorIdStr":"3540680319507322","idStr":"3540680319507322"},"content":"早就price in了,利好兑现是利空","text":"早就price in了,利好兑现是利空","html":"早就price in了,利好兑现是利空"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":598433414563272,"gmtCreate":1787120136923,"gmtModify":1787120847200,"author":{"id":"4212982252329032","authorId":"4212982252329032","name":"圆头蝴蝶","avatar":"https://static.tigerbbs.com/11f975c3d0ccf067e1b550357847e22c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4212982252329032","idStr":"4212982252329032"},"themes":[],"title":"","htmlText":"wood还是继续买她的大火箭吧 纯纯被套傻了","listText":"wood还是继续买她的大火箭吧 纯纯被套傻了","text":"wood还是继续买她的大火箭吧 纯纯被套傻了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/598433414563272","repostId":"2660411691","repostType":2,"repost":{"id":"2660411691","kind":"highlight","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":1787113116,"share":"https://www.laohunote.com/m/news/2660411691?lang=zh_CN&edition=full","pubTime":"2026-08-19 12:18","market":"hk","language":"zh","title":"为什么不买存储股?这是两位大佬的回答","url":"https://stock-news.laohu8.com/highlight/detail?id=2660411691","media":"华尔街见闻","summary":"当AI基础设施热潮将存储芯片股推上风口,方舟投资Cathie Wood与科技分析师Ben Thompson却选择回避。前者警告:价格翻数倍是负面信号,Cerebras、Groq等推理芯片已在工程层面绕开高带宽内存;后者以伊朗封锁霍尔木兹海峡为喻——这张牌打出去,对手只会加速另寻出路。存储的高光时刻,或正是其被替代的起点。","content":"<html><head></head><body><p style=\"text-align: left;\">在AI基础设施投资热潮中,存储芯片股看似受益于算力需求爆发,但两位知名投资人和科技分析师却对此保持谨慎。他们的理由不约而同地指向同一个核心判断:存储的高价格和高利润,正在催生消灭自身的力量。</p><p style=\"text-align: left;\">方舟投资(ARK Invest)创始人Cathie Wood在近期播客节目中公开解释了她不持有存储股的原因。她认为,存储是半导体产业链中商品化程度最高、周期性最强的环节,而当前价格的大幅上涨并非科技行业的正常状态,本质上是一个负面信号。</p><p style=\"text-align: left;\">与此同时,科技战略分析师Ben Thompson则以更为犀利的比喻警告,存储厂商正在重蹈伊朗封锁霍尔木兹海峡的覆辙——短期奏效,长期却将推动整个行业绕道而行。</p><p style=\"text-align: left;\">两人的判断对当前追捧存储股的市场情绪构成直接挑战。在AI推理需求快速扩张的背景下,高带宽内存(HBM)供应商股价持续受到追捧,但这两位投资人的逻辑提示投资者,需警惕技术路线切换和需求侧主动规避所带来的结构性风险。</p><h2 style=\"text-align: left;\">Cathie Wood:高价格是警示,而非利好</h2><p style=\"text-align: left;\">Cathie Wood在近期视频中直接回应了外界对她不持有存储股的疑问。她坦言,多年的投资经验或许让她对周期性行业保持了更高的警惕。</p><p style=\"text-align: left;\">在她看来,存储是整个半导体产业链中商品化程度最高的环节,历史上周期波动剧烈。而当前高带宽内存价格翻三倍、四倍乃至十倍的走势,在科技行业并不正常。"大多数人认为这是巨大的利好,但这实际上是一个负面信号,"她表示。</p><p style=\"text-align: left;\">她进一步从现金流角度佐证这一判断。她提到,近期一张图表显示,芯片股的自由现金流与超大规模云计算运营商(hyperscalers)的自由现金流呈现出完全相反的走势——前者受益,后者承压。但她强调,这种状态是暂时的。</p><p style=\"text-align: left;\"><strong>更关键的是,Cathie Wood指出,技术创新正在从需求侧主动消解对高带宽内存的依赖。她以Cerebras和Groq为例——其中ARK的风险投资基金持有Groq股份——这两家推理芯片公司的架构设计均不需要高带宽内存。</strong></p><p style=\"text-align: left;\">她将这一趋势类比于<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>将钴从电池中剔除的过程:一旦某种供应链要素价格高企或存在风险,工程师就会想办法绕开它。"在推理领域,我们正在看到对高带宽内存需求被工程技术所取代,"她说。</p><h2 style=\"text-align: left;\">Ben Thompson:存储厂商正在给自己树立靶子</h2><p style=\"text-align: left;\">科技战略分析师Ben Thompson对存储行业的担忧则更侧重于竞争博弈层面。他以一个地缘政治比喻,描述了存储厂商当前所处的战略困境。</p><p style=\"text-align: left;\">"我把存储厂商比作伊朗,"Thompson说。他的逻辑是:霍尔木兹海峡的威慑力,在于它始终是一张可以打出的牌。<strong>一旦真正动用,反而会触发对手彻底绕开它的决心。"现在他们用了这张牌,结果确实奏效了。但阿联酋和沙特阿拉伯会修建输油管道、新建港口,不会让这种事情再次发生。"</strong></p><p style=\"text-align: left;\">他认为,存储厂商当前的高价策略正在制造同样的效应。一方面,<a href=\"https://laohu8.com/S/AAPL\">苹果</a>正在游说引入中国内存供应商,试图打破现有供应格局;另一方面,算法层面的首要优化方向,已经变成了"如何减少内存使用量"。</p><p style=\"text-align: left;\">"我担心存储厂商可能做了同样的事,"Thompson表示,"没有人会让自己在内存问题上再次陷入这种被动局面。"他的结论是,从长远来看,存储厂商通过制造如此巨大的"攻击目标",可能最终会自食其果。</p><h2 style=\"text-align: left;\">两种逻辑,同一个结论</h2><p style=\"text-align: left;\">尽管Cathie Wood和Ben Thompson的分析框架不同,但两人的结论高度一致:存储股当前的强势,正在加速其自身被替代的进程。</p><p style=\"text-align: left;\">Cathie Wood从技术演进路径出发,强调推理芯片架构的创新将系统性降低对高带宽内存的需求;Ben Thompson则从竞争博弈和供应链政治角度切入,指出高价格和高集中度将驱动买方寻求替代方案,无论是通过算法优化、引入新供应商,还是重新设计系统架构。</p><p style=\"text-align: left;\">两人的判断共同指向一个对投资者而言值得关注的风险:在AI基础设施投资叙事中,存储股的受益逻辑可能比市场预期的更为脆弱,而当前的高景气度,或许正是促使行业加速寻找出路的最强动力。</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>为什么不买存储股?这是两位大佬的回答</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\">\n为什么不买存储股?这是两位大佬的回答\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\">2026-08-19 12:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">在AI基础设施投资热潮中,存储芯片股看似受益于算力需求爆发,但两位知名投资人和科技分析师却对此保持谨慎。他们的理由不约而同地指向同一个核心判断:存储的高价格和高利润,正在催生消灭自身的力量。</p><p style=\"text-align: left;\">方舟投资(ARK Invest)创始人Cathie Wood在近期播客节目中公开解释了她不持有存储股的原因。她认为,存储是半导体产业链中商品化程度最高、周期性最强的环节,而当前价格的大幅上涨并非科技行业的正常状态,本质上是一个负面信号。</p><p style=\"text-align: left;\">与此同时,科技战略分析师Ben Thompson则以更为犀利的比喻警告,存储厂商正在重蹈伊朗封锁霍尔木兹海峡的覆辙——短期奏效,长期却将推动整个行业绕道而行。</p><p style=\"text-align: left;\">两人的判断对当前追捧存储股的市场情绪构成直接挑战。在AI推理需求快速扩张的背景下,高带宽内存(HBM)供应商股价持续受到追捧,但这两位投资人的逻辑提示投资者,需警惕技术路线切换和需求侧主动规避所带来的结构性风险。</p><h2 style=\"text-align: left;\">Cathie Wood:高价格是警示,而非利好</h2><p style=\"text-align: left;\">Cathie Wood在近期视频中直接回应了外界对她不持有存储股的疑问。她坦言,多年的投资经验或许让她对周期性行业保持了更高的警惕。</p><p style=\"text-align: left;\">在她看来,存储是整个半导体产业链中商品化程度最高的环节,历史上周期波动剧烈。而当前高带宽内存价格翻三倍、四倍乃至十倍的走势,在科技行业并不正常。"大多数人认为这是巨大的利好,但这实际上是一个负面信号,"她表示。</p><p style=\"text-align: left;\">她进一步从现金流角度佐证这一判断。她提到,近期一张图表显示,芯片股的自由现金流与超大规模云计算运营商(hyperscalers)的自由现金流呈现出完全相反的走势——前者受益,后者承压。但她强调,这种状态是暂时的。</p><p style=\"text-align: left;\"><strong>更关键的是,Cathie Wood指出,技术创新正在从需求侧主动消解对高带宽内存的依赖。她以Cerebras和Groq为例——其中ARK的风险投资基金持有Groq股份——这两家推理芯片公司的架构设计均不需要高带宽内存。</strong></p><p style=\"text-align: left;\">她将这一趋势类比于<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>将钴从电池中剔除的过程:一旦某种供应链要素价格高企或存在风险,工程师就会想办法绕开它。"在推理领域,我们正在看到对高带宽内存需求被工程技术所取代,"她说。</p><h2 style=\"text-align: left;\">Ben Thompson:存储厂商正在给自己树立靶子</h2><p style=\"text-align: left;\">科技战略分析师Ben Thompson对存储行业的担忧则更侧重于竞争博弈层面。他以一个地缘政治比喻,描述了存储厂商当前所处的战略困境。</p><p style=\"text-align: left;\">"我把存储厂商比作伊朗,"Thompson说。他的逻辑是:霍尔木兹海峡的威慑力,在于它始终是一张可以打出的牌。<strong>一旦真正动用,反而会触发对手彻底绕开它的决心。"现在他们用了这张牌,结果确实奏效了。但阿联酋和沙特阿拉伯会修建输油管道、新建港口,不会让这种事情再次发生。"</strong></p><p style=\"text-align: left;\">他认为,存储厂商当前的高价策略正在制造同样的效应。一方面,<a href=\"https://laohu8.com/S/AAPL\">苹果</a>正在游说引入中国内存供应商,试图打破现有供应格局;另一方面,算法层面的首要优化方向,已经变成了"如何减少内存使用量"。</p><p style=\"text-align: left;\">"我担心存储厂商可能做了同样的事,"Thompson表示,"没有人会让自己在内存问题上再次陷入这种被动局面。"他的结论是,从长远来看,存储厂商通过制造如此巨大的"攻击目标",可能最终会自食其果。</p><h2 style=\"text-align: left;\">两种逻辑,同一个结论</h2><p style=\"text-align: left;\">尽管Cathie Wood和Ben Thompson的分析框架不同,但两人的结论高度一致:存储股当前的强势,正在加速其自身被替代的进程。</p><p style=\"text-align: left;\">Cathie Wood从技术演进路径出发,强调推理芯片架构的创新将系统性降低对高带宽内存的需求;Ben Thompson则从竞争博弈和供应链政治角度切入,指出高价格和高集中度将驱动买方寻求替代方案,无论是通过算法优化、引入新供应商,还是重新设计系统架构。</p><p style=\"text-align: left;\">两人的判断共同指向一个对投资者而言值得关注的风险:在AI基础设施投资叙事中,存储股的受益逻辑可能比市场预期的更为脆弱,而当前的高景气度,或许正是促使行业加速寻找出路的最强动力。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/8c95dc9b62af63b498dce2238fb18ba3","relate_stocks":{"HBMX":"Tuttle Capital Concentrated Memory Stack ETF","DRMP":"Tuttle Capital Memory Stack Income Blast ETF","NVDL":"2倍做多NVDA ETF-GraniteShares","AIS":"VistaShares Artificial Intelligence Supercycle ETF","BK4588":"碎股","DIPS":"做空NVDA期权收益策略ETF-YieldMax","AMDU":"Defiance Leveraged Long + Income AMD ETF","AMUU":"2倍做多AMD ETF-Direxion","NVDQ":"2倍做空NVDA ETF-T-Rex","ARKF":"ARK Fintech Innovation ETF","NVDS":"1.5倍做空NVDA 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ETF-GraniteShares","NVDD":"1倍做空NVDA ETF-Direxion","ARKX":"ARK Space Exploration & Innovation ETF","NVDG":"2倍做多NVDA ETF- Leverage Shares"},"source_url":"https://wallstreetcn.com/articles/3779771","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2660411691","content_text":"在AI基础设施投资热潮中,存储芯片股看似受益于算力需求爆发,但两位知名投资人和科技分析师却对此保持谨慎。他们的理由不约而同地指向同一个核心判断:存储的高价格和高利润,正在催生消灭自身的力量。方舟投资(ARK Invest)创始人Cathie Wood在近期播客节目中公开解释了她不持有存储股的原因。她认为,存储是半导体产业链中商品化程度最高、周期性最强的环节,而当前价格的大幅上涨并非科技行业的正常状态,本质上是一个负面信号。与此同时,科技战略分析师Ben Thompson则以更为犀利的比喻警告,存储厂商正在重蹈伊朗封锁霍尔木兹海峡的覆辙——短期奏效,长期却将推动整个行业绕道而行。两人的判断对当前追捧存储股的市场情绪构成直接挑战。在AI推理需求快速扩张的背景下,高带宽内存(HBM)供应商股价持续受到追捧,但这两位投资人的逻辑提示投资者,需警惕技术路线切换和需求侧主动规避所带来的结构性风险。Cathie Wood:高价格是警示,而非利好Cathie Wood在近期视频中直接回应了外界对她不持有存储股的疑问。她坦言,多年的投资经验或许让她对周期性行业保持了更高的警惕。在她看来,存储是整个半导体产业链中商品化程度最高的环节,历史上周期波动剧烈。而当前高带宽内存价格翻三倍、四倍乃至十倍的走势,在科技行业并不正常。\"大多数人认为这是巨大的利好,但这实际上是一个负面信号,\"她表示。她进一步从现金流角度佐证这一判断。她提到,近期一张图表显示,芯片股的自由现金流与超大规模云计算运营商(hyperscalers)的自由现金流呈现出完全相反的走势——前者受益,后者承压。但她强调,这种状态是暂时的。更关键的是,Cathie Wood指出,技术创新正在从需求侧主动消解对高带宽内存的依赖。她以Cerebras和Groq为例——其中ARK的风险投资基金持有Groq股份——这两家推理芯片公司的架构设计均不需要高带宽内存。她将这一趋势类比于特斯拉将钴从电池中剔除的过程:一旦某种供应链要素价格高企或存在风险,工程师就会想办法绕开它。\"在推理领域,我们正在看到对高带宽内存需求被工程技术所取代,\"她说。Ben Thompson:存储厂商正在给自己树立靶子科技战略分析师Ben Thompson对存储行业的担忧则更侧重于竞争博弈层面。他以一个地缘政治比喻,描述了存储厂商当前所处的战略困境。\"我把存储厂商比作伊朗,\"Thompson说。他的逻辑是:霍尔木兹海峡的威慑力,在于它始终是一张可以打出的牌。一旦真正动用,反而会触发对手彻底绕开它的决心。\"现在他们用了这张牌,结果确实奏效了。但阿联酋和沙特阿拉伯会修建输油管道、新建港口,不会让这种事情再次发生。\"他认为,存储厂商当前的高价策略正在制造同样的效应。一方面,苹果正在游说引入中国内存供应商,试图打破现有供应格局;另一方面,算法层面的首要优化方向,已经变成了\"如何减少内存使用量\"。\"我担心存储厂商可能做了同样的事,\"Thompson表示,\"没有人会让自己在内存问题上再次陷入这种被动局面。\"他的结论是,从长远来看,存储厂商通过制造如此巨大的\"攻击目标\",可能最终会自食其果。两种逻辑,同一个结论尽管Cathie Wood和Ben Thompson的分析框架不同,但两人的结论高度一致:存储股当前的强势,正在加速其自身被替代的进程。Cathie 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Thompson则从竞争博弈和供应链政治角度切入,指出高价格和高集中度将驱动买方寻求替代方案,无论是通过算法优化、引入新供应商,还是重新设计系统架构。两人的判断共同指向一个对投资者而言值得关注的风险:在AI基础设施投资叙事中,存储股的受益逻辑可能比市场预期的更为脆弱,而当前的高景气度,或许正是促使行业加速寻找出路的最强动力。","news_type":1,"symbols_score_info":{"07388":0.6,"NVDU":0.6,"NVYY":0.6,"ARKW":0.72,"DIPS":0.6,"NVD":0.6,"AMYY":0.6,"NVDG":0.6,"HBMX":0.9,"DAMD":0.6,"ANV":0.6,"COPP":0.6,"SARK":0.72,"NVDB":0.6,"AMDU":0.6,"DRMP":0.9,"NVDX":0.6,"ARKX":0.72,"AMDD":0.6,"NVDL":0.62,"ARKF":0.72,"AMDL":0.62,"ALAI":0.62,"AMDG":0.6,"DRAM":2,"ARKQ":0.72,"NVDS":0.6,"ARKK":2,"AMUU":0.6,"NVDY":0.6,"AIS":0.62,"NVII":0.6,"07788":0.6,"NVDD":0.6,"AMDY":0.6,"AMDW":0.6,"ARKG":0.72,"NVDQ":0.6,"NVDW":0.62,"NVDO":0.6}},"isVote":1,"tweetType":1,"viewCount":879,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4219664932652432","authorId":"4219664932652432","name":"CVB","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4219664932652432","idStr":"4219664932652432"},"content":"您好,越哥的交易分享群有些小贵,我想拉几个人一起拼团,不知您有兴趣吗?","text":"您好,越哥的交易分享群有些小贵,我想拉几个人一起拼团,不知您有兴趣吗?","html":"您好,越哥的交易分享群有些小贵,我想拉几个人一起拼团,不知您有兴趣吗?"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":594912457859576,"gmtCreate":1786260425606,"gmtModify":1786260428935,"author":{"id":"4212982252329032","authorId":"4212982252329032","name":"圆头蝴蝶","avatar":"https://static.tigerbbs.com/11f975c3d0ccf067e1b550357847e22c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4212982252329032","idStr":"4212982252329032"},"themes":[],"title":"","htmlText":"不签长协 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