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superchance
superchance
·
05-07
arm这种垃圾股估值也能炒这么高[笑哭]
美股盘前｜Arm绩后跌超7%，惠而浦跌超19%！奇景光电涨超20%，飞塔信息涨超15%；伊朗指定两条航道供船只通行霍尔木兹海峡
03 要闻伊朗指定两条航道供船只通行霍尔木兹海峡据伊朗媒体7日报道，伊朗伊斯兰革命卫队海军已指定两条航道供船只通行，船只未经伊朗许可仍不得穿越霍尔木兹海峡。公司同时披露，其AGI CPU产品在2027至2028财年的客户需求已超过20亿美元。
美股盘前｜Arm绩后跌超7%，惠而浦跌超19%！奇景光电涨超20%，飞塔信息涨超15%；伊朗指定两条航道供船只通行霍尔木兹海峡
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superchance
superchance
·
05-05
Replying to
@源自
:amd cpu比intel厉害//
@源自
:AMD肯定预期不行，为什么呢！因为GPU投入太大了，GPU需求开始下降了，数据中心一直不是英特尔对手，内存价格上涨，装机减少！怎么看英特尔都是CPU需求增长最大受益者
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superchance
superchance
·
05-05
哪次不超预期，但是哪次不跌[流泪]
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superchance
superchance
·
05-01
因为砸盘的都是猪啊
科技巨头AI支出大增，为什么英伟达还跌了？
市场担忧核心在于，谷歌宣布向外部销售自研TPU芯片，亚马逊自研Trainium芯片年化营收突破200亿美元，英伟达最大客户正加速成为其竞争对手。分析师警示此举可能"从根本上颠覆英伟达"，但也有观点认为AI需求爆发式增长下，供给才是瓶颈。
科技巨头AI支出大增，为什么英伟达还跌了？
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superchance
superchance
·
04-24
**
美国军方正制定重新开战方案，重点打击霍尔木兹海峡周边的伊朗目标
迫使伊朗重返谈判桌。
美国军方正制定重新开战方案，重点打击霍尔木兹海峡周边的伊朗目标
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superchance
superchance
·
04-10
mrvel就是个垃圾股立帖为证
当AI数据中心越来越相信光的力量，“光互连+硅光子”引擎点燃迈威尔新一轮牛市
智通财经APP获悉，聚焦于大型AI数据中心定制化AI芯片与光互连技术，以及作为亚马逊AWS Trainium系列AI ASIC最大规模合作伙伴之一的迈威尔科技股价截至周四美股收盘大幅上涨近5%，今年以来该芯片巨头股价涨幅高达40%，大幅跑赢标普500指数以及有着“科技股风向标”称号的纳斯达克100指数。数据中心越来越相信光的力量!
当AI数据中心越来越相信光的力量，“光互连+硅光子”引擎点燃迈威尔新一轮牛市
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superchance
superchance
·
04-07
垃圾
美媒：特朗普表示可能调整对伊朗的最后期限
目前仍会坚持原定的截止时间。
美媒：特朗普表示可能调整对伊朗的最后期限
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superchance
superchance
·
03-30
继续自编自导
特朗普：若达不成协议将“彻底摧毁伊朗所有发电厂、油井及哈尔克岛”
美国总统特朗普：正与新的政权进行严肃谈判；谈判取得了重大进展；若协议谈不成，将彻底摧毁伊朗所有发电厂、油井和哈尔克岛。
特朗普：若达不成协议将“彻底摧毁伊朗所有发电厂、油井及哈尔克岛”
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superchance
superchance
·
03-17
傻子，你会输的很惨
杰富瑞：美国AI泡沬至少两年才会形成，已减持美国科技股，高配中国科技股
AI会导致各国就业增长减少及通胀放缓。
杰富瑞：美国AI泡沬至少两年才会形成，已减持美国科技股，高配中国科技股
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superchance
superchance
·
03-12
跌了40%垃圾玩意
新思科技推出用于AI芯片设计的全新软件工具
新思科技周三推出全新软件工具，以应对人工智能芯片设计日益复杂的挑战。这是该公司以 350 亿美元收购工程软件公司安西斯后的首批新品。 新思科技在硅谷一场会议上公布了这些新工具。 新思科技首席执行官萨辛加齐表示，新工具旨在将这类工程能力集成到英特尔等芯片设计厂商已在使用的软件工具中。
新思科技推出用于AI芯片设计的全新软件工具
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"author":{"id":"3558909450416751","authorId":"3558909450416751","name":"superchance","avatar":"https://static.tigerbbs.com/b0913e949e666ea90407a6f8bf3bba2f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558909450416751","idStr":"3558909450416751"},"themes":[],"title":"","htmlText":"arm这种垃圾股估值也能炒这么高[笑哭] ","listText":"arm这种垃圾股估值也能炒这么高[笑哭] ","text":"arm这种垃圾股估值也能炒这么高[笑哭]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/561661738427672","repostId":"1120807890","repostType":2,"repost":{"id":"1120807890","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":1778155276,"share":"https://www.laohu8.com/m/news/1120807890?lang=zh_CN&edition=full","pubTime":"2026-05-07 20:01","market":"us","language":"zh","title":"美股盘前｜Arm绩后跌超7%，惠而浦跌超19%！奇景光电涨超20%，飞塔信息涨超15%；伊朗指定两条航道供船只通行霍尔木兹海峡","url":"https://stock-news.laohu8.com/highlight/detail?id=1120807890","media":"老虎资讯综合","summary":"03 要闻伊朗指定两条航道供船只通行霍尔木兹海峡据伊朗媒体7日报道，伊朗伊斯兰革命卫队海军已指定两条航道供船只通行，船只未经伊朗许可仍不得穿越霍尔木兹海峡。公司同时披露，其AGI CPU产品在2027至2028财年的客户需求已超过20亿美元。","content":"<html><head></head><body><p><strong>摘要：</strong></p><ul style=\"\"><li><p>伊朗指定两条航道供船只通行霍尔木兹海峡</p></li><li><p>美国白宫数字资产顾问：力争7月4日敲定《数字资产市场清晰法案》立法落地</p></li><li><p>财报股盘前表现：Arm跌超7%，惠而浦、Shake Shack跌超19%；“绩优股”奇景光电涨超20%，飞塔信息涨超15%，DoorDash涨超10%</p></li><li><p>量子计算概念股盘前普跌，IONQ跌超7%，RGTI跌超4%</p></li><li><p>存储概念股盘前下跌，美光科技跌超3%</p></li></ul><h2 id=\"id_603552654\">01 股市</h2><p>5月7日，美股三大股指期货上涨，截止发稿，道指期货涨0.17%，纳指期货涨0.07%，标普500指数期货涨0.11%。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/58401df3a9f7e332ecb62ed9766ef210\" title=\"\" tg-width=\"380\" tg-height=\"172\"/></p><p><a href=\"https://laohu8.com/S/ALB\">美国雅保</a>盘前涨超6%，一季度销售额同比增长33%；</p><p>美国外卖巨头<a href=\"https://laohu8.com/S/DASH\">DoorDash</a>盘前涨超10%，Q1营收同比增长33%，Q2指引超预期；</p><p><a href=\"https://laohu8.com/S/FTNT\">飞塔信息</a>盘前涨超15%，Q1营收及调整后盈利均超预期+上调全年展望；</p><p><a href=\"https://laohu8.com/S/APP\">Applovin</a>盘前涨超1%，Q1净利润同比猛增109%，Q2业绩指引超预期；</p><p>奇景光电盘前涨超20%，业绩指引超预期；</p><p>麦当劳盘前涨超3%，第一季度营收和净利润超市场预期；</p><p>存储概念股盘前下跌，<a href=\"https://laohu8.com/S/MU\">美光科技</a>跌超3%，<a href=\"https://laohu8.com/S/SNDK\">闪迪</a>、<a href=\"https://laohu8.com/S/WDC\">西部数据</a>、<a href=\"https://laohu8.com/S/STX\">希捷科技</a>跌近2%；</p><p>量子计算概念股盘前普跌，<a href=\"https://laohu8.com/S/IONQ\">IONQ Inc.</a>跌超7%，<a href=\"https://laohu8.com/S/RGTI\">Rigetti Computing</a>跌超4%，<a href=\"https://laohu8.com/S/QUBT\">Quantum Computing</a>、<a href=\"https://laohu8.com/S/QBTS\">D-Wave Quantum</a>跌超3%，<a href=\"https://laohu8.com/S/ARQQ\">Arqit Quantum Inc.</a>、<a href=\"https://laohu8.com/S/LAES\">SEALSQ Corp</a>、昆腾跟跌；</p><p><a href=\"https://laohu8.com/S/COHR\">Coherent</a>盘前跌超3%，2026财年Q3营收同比增长20.5%，Q4指引落于预期低端；</p><p><a href=\"https://laohu8.com/S/ARM\">Arm</a>盘前跌超7%，Q4财季营收同比增长20.2%，管理层称AGI CPU的需求超20亿美元；</p><p>Shake Shack盘前跌超19%，第一季度营收低于市场预估；</p><p><a href=\"https://laohu8.com/S/SNAP\">Snap</a>盘前跌超8%，警示中东冲突及北美增长放缓拖累广告收入；</p><p><a href=\"https://laohu8.com/S/BYND\">Beyond Meat</a>盘前跌近11%，一季度调整后每股亏损收窄，二季度指引疲软；</p><p><a href=\"https://laohu8.com/S/WHR\">惠而浦</a>盘前跌超19%，公司一季度销售额不及预期，并宣布暂停派发股息。</p><h2 id=\"id_87628096\">02 其他市场</h2><p>WTI原油期货下跌3.52%，报91.73美元/桶；布伦特原油期货下跌3.32%，报97.91美元/桶；</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ded7ad70eacc798f4d59d4f3b6f967f2\" title=\"\" tg-width=\"379\" tg-height=\"120\"/></p><p>现货黄金上涨0.95%，报4736.33美元/盎司；现货白银上涨4.60%，报80.92美元/盎司。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e898b5c78ecc691d3fe1a6fbeccc836f\" title=\"\" tg-width=\"375\" tg-height=\"110\"/></p><h2 id=\"id_2761439492\">03 要闻</h2><p><strong>伊朗指定两条航道供船只通行霍尔木兹海峡</strong></p><p>据伊朗媒体7日报道，伊朗伊斯兰革命卫队海军已指定两条航道供船只通行，船只未经伊朗许可仍不得穿越霍尔木兹海峡。 (新华社)</p><p><strong>美国白宫数字资产顾问：力争7月4日敲定《数字资产市场清晰法案》立法落地</strong></p><p>美国白宫数字资产顾问委员会执行主任Patrick Witt于周三亮相迈阿密CoinDesk's Consensus大会时透露，白宫正力争国会在7月4日前通过《数字资产市场清晰法案》(CLARITY Act)。</p><p>Witt表示：“我们把目标定在7月4日。我认为，这将是一份献给美国250周年庆典的绝佳生日礼物。”他进一步说明，具体推进路径为：本月由参议院银行委员会进行草案审定，利用6月的四个参议院工作周完成全体表决，并留出足够时间，让众议院在独立日截止日期前进行投票。</p><p><strong>初请失业金数据前瞻：就业市场降温信号验证</strong></p><p style=\"text-align: justify;\">今晚即将公布的初请失业金人数预期为20.5万人，前值为18.9万人，若数据符合或高于预期，将进一步验证劳动力市场降温的趋势，强化市场对美联储加快降息的押注；若数据低于预期，则可能引发市场对通胀粘性的担忧，导致降息预期延后，对美股成长股带来短期估值压力。</p><p><strong>报道：欧盟考虑限制使用美国云平台处理敏感政府数据</strong></p><p>欧盟计划于5月27日发布“技术主权一揽子方案”，拟限制政府机构在金融、医疗、司法等敏感领域使用美国云服务，希望通过《云与人工智能发展法》推动欧洲本土主权云建设。此举针对美国《云法案》的数据获取风险，向亚马逊、微软、谷歌的主导地位发出警示。</p><p><strong>Applovin Q1净利润同比猛增109%，Q2业绩指引超预期</strong></p><p><a href=\"https://laohu8.com/S/APP.US\">Applovin</a> 公布的2026年第一季度业绩显示，营收同比增长59%至18.42亿美元，好于分析师平均预期的17.8亿美元；每股收益为3.56美元，好于分析师平均预期的3.46美元。该公司还表示，在第一季度回购了220万股A类普通股，耗资10亿美元</p><p><strong>Arm Q4财季营收同比增长20.2%，管理层称AGI CPU的需求超20亿美元</strong></p><p>Arm公布2026财年第四财季财报，营收同比增长20.2%至14.9亿美元，调整后每股收益0.60美元，均超出分析师预期。管理层指出，AI数据中心对高能效CPU设计的需求正在持续升温，有效对冲了智能手机市场的短期承压。公司同时披露，其AGI CPU产品在2027至2028财年的客户需求已超过20亿美元。</p><p>---</p><p>资料来源：公开市场数据</p><p>免责声明：本内容仅供参考，不构成任何投资建议</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>美股盘前｜Arm绩后跌超7%，惠而浦跌超19%！奇景光电涨超20%，飞塔信息涨超15%；伊朗指定两条航道供船只通行霍尔木兹海峡</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美股盘前｜Arm绩后跌超7%，惠而浦跌超19%！奇景光电涨超20%，飞塔信息涨超15%；伊朗指定两条航道供船只通行霍尔木兹海峡\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\">2026-05-07 20:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><strong>摘要：</strong></p><ul style=\"\"><li><p>伊朗指定两条航道供船只通行霍尔木兹海峡</p></li><li><p>美国白宫数字资产顾问：力争7月4日敲定《数字资产市场清晰法案》立法落地</p></li><li><p>财报股盘前表现：Arm跌超7%，惠而浦、Shake Shack跌超19%；“绩优股”奇景光电涨超20%，飞塔信息涨超15%，DoorDash涨超10%</p></li><li><p>量子计算概念股盘前普跌，IONQ跌超7%，RGTI跌超4%</p></li><li><p>存储概念股盘前下跌，美光科技跌超3%</p></li></ul><h2 id=\"id_603552654\">01 股市</h2><p>5月7日，美股三大股指期货上涨，截止发稿，道指期货涨0.17%，纳指期货涨0.07%，标普500指数期货涨0.11%。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/58401df3a9f7e332ecb62ed9766ef210\" title=\"\" tg-width=\"380\" tg-height=\"172\"/></p><p><a href=\"https://laohu8.com/S/ALB\">美国雅保</a>盘前涨超6%，一季度销售额同比增长33%；</p><p>美国外卖巨头<a href=\"https://laohu8.com/S/DASH\">DoorDash</a>盘前涨超10%，Q1营收同比增长33%，Q2指引超预期；</p><p><a href=\"https://laohu8.com/S/FTNT\">飞塔信息</a>盘前涨超15%，Q1营收及调整后盈利均超预期+上调全年展望；</p><p><a href=\"https://laohu8.com/S/APP\">Applovin</a>盘前涨超1%，Q1净利润同比猛增109%，Q2业绩指引超预期；</p><p>奇景光电盘前涨超20%，业绩指引超预期；</p><p>麦当劳盘前涨超3%，第一季度营收和净利润超市场预期；</p><p>存储概念股盘前下跌，<a href=\"https://laohu8.com/S/MU\">美光科技</a>跌超3%，<a href=\"https://laohu8.com/S/SNDK\">闪迪</a>、<a href=\"https://laohu8.com/S/WDC\">西部数据</a>、<a href=\"https://laohu8.com/S/STX\">希捷科技</a>跌近2%；</p><p>量子计算概念股盘前普跌，<a href=\"https://laohu8.com/S/IONQ\">IONQ Inc.</a>跌超7%，<a href=\"https://laohu8.com/S/RGTI\">Rigetti Computing</a>跌超4%，<a href=\"https://laohu8.com/S/QUBT\">Quantum Computing</a>、<a href=\"https://laohu8.com/S/QBTS\">D-Wave Quantum</a>跌超3%，<a href=\"https://laohu8.com/S/ARQQ\">Arqit Quantum Inc.</a>、<a href=\"https://laohu8.com/S/LAES\">SEALSQ Corp</a>、昆腾跟跌；</p><p><a href=\"https://laohu8.com/S/COHR\">Coherent</a>盘前跌超3%，2026财年Q3营收同比增长20.5%，Q4指引落于预期低端；</p><p><a href=\"https://laohu8.com/S/ARM\">Arm</a>盘前跌超7%，Q4财季营收同比增长20.2%，管理层称AGI CPU的需求超20亿美元；</p><p>Shake Shack盘前跌超19%，第一季度营收低于市场预估；</p><p><a href=\"https://laohu8.com/S/SNAP\">Snap</a>盘前跌超8%，警示中东冲突及北美增长放缓拖累广告收入；</p><p><a href=\"https://laohu8.com/S/BYND\">Beyond Meat</a>盘前跌近11%，一季度调整后每股亏损收窄，二季度指引疲软；</p><p><a href=\"https://laohu8.com/S/WHR\">惠而浦</a>盘前跌超19%，公司一季度销售额不及预期，并宣布暂停派发股息。</p><h2 id=\"id_87628096\">02 其他市场</h2><p>WTI原油期货下跌3.52%，报91.73美元/桶；布伦特原油期货下跌3.32%，报97.91美元/桶；</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ded7ad70eacc798f4d59d4f3b6f967f2\" title=\"\" tg-width=\"379\" tg-height=\"120\"/></p><p>现货黄金上涨0.95%，报4736.33美元/盎司；现货白银上涨4.60%，报80.92美元/盎司。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e898b5c78ecc691d3fe1a6fbeccc836f\" title=\"\" tg-width=\"375\" tg-height=\"110\"/></p><h2 id=\"id_2761439492\">03 要闻</h2><p><strong>伊朗指定两条航道供船只通行霍尔木兹海峡</strong></p><p>据伊朗媒体7日报道，伊朗伊斯兰革命卫队海军已指定两条航道供船只通行，船只未经伊朗许可仍不得穿越霍尔木兹海峡。 (新华社)</p><p><strong>美国白宫数字资产顾问：力争7月4日敲定《数字资产市场清晰法案》立法落地</strong></p><p>美国白宫数字资产顾问委员会执行主任Patrick Witt于周三亮相迈阿密CoinDesk's Consensus大会时透露，白宫正力争国会在7月4日前通过《数字资产市场清晰法案》(CLARITY Act)。</p><p>Witt表示：“我们把目标定在7月4日。我认为，这将是一份献给美国250周年庆典的绝佳生日礼物。”他进一步说明，具体推进路径为：本月由参议院银行委员会进行草案审定，利用6月的四个参议院工作周完成全体表决，并留出足够时间，让众议院在独立日截止日期前进行投票。</p><p><strong>初请失业金数据前瞻：就业市场降温信号验证</strong></p><p style=\"text-align: justify;\">今晚即将公布的初请失业金人数预期为20.5万人，前值为18.9万人，若数据符合或高于预期，将进一步验证劳动力市场降温的趋势，强化市场对美联储加快降息的押注；若数据低于预期，则可能引发市场对通胀粘性的担忧，导致降息预期延后，对美股成长股带来短期估值压力。</p><p><strong>报道：欧盟考虑限制使用美国云平台处理敏感政府数据</strong></p><p>欧盟计划于5月27日发布“技术主权一揽子方案”，拟限制政府机构在金融、医疗、司法等敏感领域使用美国云服务，希望通过《云与人工智能发展法》推动欧洲本土主权云建设。此举针对美国《云法案》的数据获取风险，向亚马逊、微软、谷歌的主导地位发出警示。</p><p><strong>Applovin Q1净利润同比猛增109%，Q2业绩指引超预期</strong></p><p><a href=\"https://laohu8.com/S/APP.US\">Applovin</a> 公布的2026年第一季度业绩显示，营收同比增长59%至18.42亿美元，好于分析师平均预期的17.8亿美元；每股收益为3.56美元，好于分析师平均预期的3.46美元。该公司还表示，在第一季度回购了220万股A类普通股，耗资10亿美元</p><p><strong>Arm Q4财季营收同比增长20.2%，管理层称AGI CPU的需求超20亿美元</strong></p><p>Arm公布2026财年第四财季财报，营收同比增长20.2%至14.9亿美元，调整后每股收益0.60美元，均超出分析师预期。管理层指出，AI数据中心对高能效CPU设计的需求正在持续升温，有效对冲了智能手机市场的短期承压。公司同时披露，其AGI CPU产品在2027至2028财年的客户需求已超过20亿美元。</p><p>---</p><p>资料来源：公开市场数据</p><p>免责声明：本内容仅供参考，不构成任何投资建议</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ed4ee39e6b0f45214393093d70ba81a8","relate_stocks":{"DXD":"两倍做空道琼30指数ETF-ProShares","UDOW":"三倍做多道指30ETF-ProShares","SPXL":"三倍做多标普500ETF-Direxion","SSO":"2倍做多标普500ETF-ProShares","SDOW":"三倍做空道指30ETF-ProShares","SPYU":"MAX S&P 500 4X Leveraged ETN","HIBL":"Direxion Daily S&P 500 High Beta Bull 3X Shares","SMAX":"ISHARES LARGE CAP MAX BUFFER SEP ETF","DDM":"2倍做多道指ETF-ProShares","SPXS":"三倍做空标普500ETF-Direxion","SPYQ":"2倍做多SPY Quarterly ETF-Tradr","DMAX":"ISHARES LARGE CAP MAX BUFFER DEC ETF","VOO":"Vanguard标普500ETF","SPYM":"投资组合标普500指数ETF-SPDR","SPUU":"Direxion Daily S&P 500 Bull 2x Shares","MMAX":"iShares Large Cap Max Buffer Mar ETF","SPXU":"三倍做空标普500ETF-ProShares","SPDN":"Direxion Daily S&P 500 Bear 1X Shares","YSPY":"GraniteShares YieldBOOST SPY ETF","IVV":"标普500ETF-iShares","SPYH":"Neos S&P 500 Hedged Equity Income ETF","DOG":"道指ETF-ProShares做空","UPRO":"三倍做多标普500ETF-ProShares",".DJI":"道琼斯","SH":"做空标普500-Proshares",".IXIC":"NASDAQ Composite","SPY":"标普500ETF","DIA":"道琼斯ETF",".SPX":"S&P 500 Index","SDS":"两倍做空标普500 ETF-ProShares"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120807890","content_text":"摘要：伊朗指定两条航道供船只通行霍尔木兹海峡美国白宫数字资产顾问：力争7月4日敲定《数字资产市场清晰法案》立法落地财报股盘前表现：Arm跌超7%，惠而浦、Shake Shack跌超19%；“绩优股”奇景光电涨超20%，飞塔信息涨超15%，DoorDash涨超10%量子计算概念股盘前普跌，IONQ跌超7%，RGTI跌超4%存储概念股盘前下跌，美光科技跌超3%01 股市5月7日，美股三大股指期货上涨，截止发稿，道指期货涨0.17%，纳指期货涨0.07%，标普500指数期货涨0.11%。美国雅保盘前涨超6%，一季度销售额同比增长33%；美国外卖巨头DoorDash盘前涨超10%，Q1营收同比增长33%，Q2指引超预期；飞塔信息盘前涨超15%，Q1营收及调整后盈利均超预期+上调全年展望；Applovin盘前涨超1%，Q1净利润同比猛增109%，Q2业绩指引超预期；奇景光电盘前涨超20%，业绩指引超预期；麦当劳盘前涨超3%，第一季度营收和净利润超市场预期；存储概念股盘前下跌，美光科技跌超3%，闪迪、西部数据、希捷科技跌近2%；量子计算概念股盘前普跌，IONQ Inc.跌超7%，Rigetti Computing跌超4%，Quantum Computing、D-Wave Quantum跌超3%，Arqit Quantum Inc.、SEALSQ Corp、昆腾跟跌；Coherent盘前跌超3%，2026财年Q3营收同比增长20.5%，Q4指引落于预期低端；Arm盘前跌超7%，Q4财季营收同比增长20.2%，管理层称AGI CPU的需求超20亿美元；Shake Shack盘前跌超19%，第一季度营收低于市场预估；Snap盘前跌超8%，警示中东冲突及北美增长放缓拖累广告收入；Beyond Meat盘前跌近11%，一季度调整后每股亏损收窄，二季度指引疲软；惠而浦盘前跌超19%，公司一季度销售额不及预期，并宣布暂停派发股息。02 其他市场WTI原油期货下跌3.52%，报91.73美元/桶；布伦特原油期货下跌3.32%，报97.91美元/桶；现货黄金上涨0.95%，报4736.33美元/盎司；现货白银上涨4.60%，报80.92美元/盎司。03 要闻伊朗指定两条航道供船只通行霍尔木兹海峡据伊朗媒体7日报道，伊朗伊斯兰革命卫队海军已指定两条航道供船只通行，船只未经伊朗许可仍不得穿越霍尔木兹海峡。 (新华社)美国白宫数字资产顾问：力争7月4日敲定《数字资产市场清晰法案》立法落地美国白宫数字资产顾问委员会执行主任Patrick Witt于周三亮相迈阿密CoinDesk's Consensus大会时透露，白宫正力争国会在7月4日前通过《数字资产市场清晰法案》(CLARITY Act)。Witt表示：“我们把目标定在7月4日。我认为，这将是一份献给美国250周年庆典的绝佳生日礼物。”他进一步说明，具体推进路径为：本月由参议院银行委员会进行草案审定，利用6月的四个参议院工作周完成全体表决，并留出足够时间，让众议院在独立日截止日期前进行投票。初请失业金数据前瞻：就业市场降温信号验证今晚即将公布的初请失业金人数预期为20.5万人，前值为18.9万人，若数据符合或高于预期，将进一步验证劳动力市场降温的趋势，强化市场对美联储加快降息的押注；若数据低于预期，则可能引发市场对通胀粘性的担忧，导致降息预期延后，对美股成长股带来短期估值压力。报道：欧盟考虑限制使用美国云平台处理敏感政府数据欧盟计划于5月27日发布“技术主权一揽子方案”，拟限制政府机构在金融、医疗、司法等敏感领域使用美国云服务，希望通过《云与人工智能发展法》推动欧洲本土主权云建设。此举针对美国《云法案》的数据获取风险，向亚马逊、微软、谷歌的主导地位发出警示。Applovin Q1净利润同比猛增109%，Q2业绩指引超预期Applovin 公布的2026年第一季度业绩显示，营收同比增长59%至18.42亿美元，好于分析师平均预期的17.8亿美元；每股收益为3.56美元，好于分析师平均预期的3.46美元。该公司还表示，在第一季度回购了220万股A类普通股，耗资10亿美元Arm Q4财季营收同比增长20.2%，管理层称AGI CPU的需求超20亿美元Arm公布2026财年第四财季财报，营收同比增长20.2%至14.9亿美元，调整后每股收益0.60美元，均超出分析师预期。管理层指出，AI数据中心对高能效CPU设计的需求正在持续升温，有效对冲了智能手机市场的短期承压。公司同时披露，其AGI CPU产品在2027至2028财年的客户需求已超过20亿美元。---资料来源：公开市场数据免责声明：本内容仅供参考，不构成任何投资建议","news_type":1,"symbols_score_info":{"SPYM":0.6,"YSPY":0.6,"SPYQ":0.6,"SPYU":0.6,"SDS":0.6,"UDOW":0.6,"IVV":0.6,"DDM":0.6,"SPYH":0.6,"DOG":0.6,".DJI":2,".IXIC":2,"DMAX":0.6,"DXD":0.6,"UPRO":0.6,"VOO":0.6,"DIA":0.6,"SPXL":0.6,"SSO":0.6,"MMAX":0.6,"SPXS":0.6,"SPXU":0.6,"SH":0.6,"SDOW":0.6,"SPY":0.6,"HIBL":0.6,".SPX":2,"SPUU":0.6,"SMAX":0.6,"SPDN":0.6}},"isVote":1,"tweetType":1,"viewCount":274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":560969543537216,"gmtCreate":1777987252693,"gmtModify":1777987256286,"author":{"id":"3558909450416751","authorId":"3558909450416751","name":"superchance","avatar":"https://static.tigerbbs.com/b0913e949e666ea90407a6f8bf3bba2f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558909450416751","idStr":"3558909450416751"},"themes":[],"title":"","htmlText":"Replying to <a href=\"https://laohu8.com/U/3439498180568292\">@源自</a>:amd cpu比intel厉害//<a href=\"https://laohu8.com/U/3439498180568292\">@源自</a>:AMD肯定预期不行，为什么呢！因为GPU投入太大了，GPU需求开始下降了，数据中心一直不是英特尔对手，内存价格上涨，装机减少！怎么看英特尔都是CPU需求增长最大受益者","listText":"Replying to <a href=\"https://laohu8.com/U/3439498180568292\">@源自</a>:amd cpu比intel厉害//<a href=\"https://laohu8.com/U/3439498180568292\">@源自</a>:AMD肯定预期不行，为什么呢！因为GPU投入太大了，GPU需求开始下降了，数据中心一直不是英特尔对手，内存价格上涨，装机减少！怎么看英特尔都是CPU需求增长最大受益者","text":"Replying to @源自:amd cpu比intel厉害//@源自:AMD肯定预期不行，为什么呢！因为GPU投入太大了，GPU需求开始下降了，数据中心一直不是英特尔对手，内存价格上涨，装机减少！怎么看英特尔都是CPU需求增长最大受益者","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/560969543537216","isVote":1,"tweetType":1,"viewCount":2429,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4209525684282032","authorId":"4209525684282032","name":"Yo.","avatar":"https://static.tigerbbs.com/a4527d40d028e5fdcf95da7c345ff430","crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"4209525684282032","idStr":"4209525684282032"},"content":"英特尔没有美国政府持股是不可能涨那么多的","text":"英特尔没有美国政府持股是不可能涨那么多的","html":"英特尔没有美国政府持股是不可能涨那么多的"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":560969437800376,"gmtCreate":1777987207034,"gmtModify":1777987209986,"author":{"id":"3558909450416751","authorId":"3558909450416751","name":"superchance","avatar":"https://static.tigerbbs.com/b0913e949e666ea90407a6f8bf3bba2f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558909450416751","idStr":"3558909450416751"},"themes":[],"title":"","htmlText":"哪次不超预期，但是哪次不跌[流泪]","listText":"哪次不超预期，但是哪次不跌[流泪]","text":"哪次不超预期，但是哪次不跌[流泪]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/560969437800376","isVote":1,"tweetType":1,"viewCount":320,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":559537938986200,"gmtCreate":1777637646496,"gmtModify":1777638616511,"author":{"id":"3558909450416751","authorId":"3558909450416751","name":"superchance","avatar":"https://static.tigerbbs.com/b0913e949e666ea90407a6f8bf3bba2f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558909450416751","idStr":"3558909450416751"},"themes":[],"title":"","htmlText":"因为砸盘的都是猪啊","listText":"因为砸盘的都是猪啊","text":"因为砸盘的都是猪啊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/559537938986200","repostId":"2632693334","repostType":2,"repost":{"id":"2632693334","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":1777597570,"share":"https://www.laohu8.com/m/news/2632693334?lang=zh_CN&edition=full","pubTime":"2026-05-01 09:06","market":"sh","language":"zh","title":"科技巨头AI支出大增，为什么英伟达还跌了？","url":"https://stock-news.laohu8.com/highlight/detail?id=2632693334","media":"华尔街见闻","summary":"市场担忧核心在于，谷歌宣布向外部销售自研TPU芯片，亚马逊自研Trainium芯片年化营收突破200亿美元，英伟达最大客户正加速成为其竞争对手。分析师警示此举可能\"从根本上颠覆英伟达\"，但也有观点认为AI需求爆发式增长下，供给才是瓶颈。","content":"<html><head></head><body><p>科技巨头密集上调AI资本开支，理应是<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>的重大利好，但市场给出了截然相反的答案。</p><p>周四，英伟达股价下跌逾4%，跌破200美元关口，单日跌幅金额近10美元。</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/16762e51c43cc5bb876ef154a63a9cfb\" tg-width=\"560\" tg-height=\"240\" data-image-type=\"kline\"/></p><p>此前一晚，<a href=\"https://laohu8.com/S/META\">Meta</a>、Alphabet、<a href=\"https://laohu8.com/S/MSFT\">微软</a>、<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>相继公布财报，四家超大规模云计算商合计预计在2026年投入高达7250亿美元用于AI基础设施建设。</p><p>英伟达占据AI加速芯片市场约90%的份额，按常理，这一投资浪潮本应直接惠及这家芯片巨头。<strong>但是投资者的担忧，当英伟达最重要的客户开始大规模自研芯片，其市场主导地位将面临挑战。</strong></p><p>此前Alphabet宣布将向外部客户销售自研TPU芯片，亚马逊则在财报电话会议上着重强调自研芯片业务的快速增长。</p><h2 id=\"id_2690273616\"><a href=\"https://laohu8.com/S/GOOG\">谷歌</a>TPU"破圈"，触动市场最敏感神经</h2><p><strong>Alphabet宣布，将向外部精选客户销售自研TPU芯片，客户可将其部署于自有数据中心基础设施之中。</strong></p><p>此前，TPU几乎完全服务于<a href=\"https://laohu8.com/S/GOOGL\">谷歌</a>内部生态。一旦面向外部商业化，TPU将从英伟达GPU的潜在竞争者，演变为具有实质威胁的市场对手。</p><p>尽管TPU在通用灵活性上普遍被认为不及英伟达的解决方案，但针对特定AI应用场景，其成本效益优势较为突出。</p><p><strong>亚马逊同样在财报电话会议上强调自研芯片业务的扩张势头。</strong></p><p>据彭博报道，亚马逊CEO Andy Jassy表示，该公司芯片业务年化营收已突破200亿美元，同比呈三位数增长，核心产品为自研的Trainium芯片。</p><h2 id=\"id_1253148848\">华尔街分析师：自研芯片浪潮构成"重大风险"</h2><p>对于这一竞争态势，华尔街已有分析师发出明确警示。</p><p>Seaport Research半导体分析师Jay Goldberg直言：</p><blockquote><p>这有可能从根本上颠覆英伟达，我认为这是相当重大的风险。</p></blockquote><p>Goldberg的逻辑基于超大规模云计算商的体量与资本实力。这些公司既是英伟达最大的客户，也在持续投入资源成为其竞争者。</p><p>Alphabet第一财季云收入同比增长63%至200.3亿美元，订单积压接近翻倍至逾4600亿美元，<strong>其中相当部分由内部TPU承接。</strong></p><p>Meta则在将2026年资本开支指引上调至1250亿至1450亿美元的同时，<strong>同步推进MTIA自研芯片项目。</strong></p><p><strong>不过，并非所有分析师都认同这一悲观判断。</strong></p><p>Bernstein Research的Stacy Rasgon提出反驳，认为"纠结于谁赢谁输是错误的问题"。他的逻辑在于：<strong>AI智能体的兴起令计算需求呈爆发式增长，当前制约行业的关键因素是供给，而非需求。</strong></p><p>在此背景下，所有具备可信产能的芯片制造商，包括英伟达均能实现产能满销。</p><p>英伟达目前握有952亿美元供应承诺，合作客户覆盖OpenAI、Anthropic、<a href=\"https://laohu8.com/S/CRWV\">CoreWeave</a>及Meta等头部机构。</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>科技巨头AI支出大增，为什么英伟达还跌了？</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n科技巨头AI支出大增，为什么英伟达还跌了？\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\">2026-05-01 09:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>科技巨头密集上调AI资本开支，理应是<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>的重大利好，但市场给出了截然相反的答案。</p><p>周四，英伟达股价下跌逾4%，跌破200美元关口，单日跌幅金额近10美元。</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/16762e51c43cc5bb876ef154a63a9cfb\" tg-width=\"560\" tg-height=\"240\" data-image-type=\"kline\"/></p><p>此前一晚，<a href=\"https://laohu8.com/S/META\">Meta</a>、Alphabet、<a href=\"https://laohu8.com/S/MSFT\">微软</a>、<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>相继公布财报，四家超大规模云计算商合计预计在2026年投入高达7250亿美元用于AI基础设施建设。</p><p>英伟达占据AI加速芯片市场约90%的份额，按常理，这一投资浪潮本应直接惠及这家芯片巨头。<strong>但是投资者的担忧，当英伟达最重要的客户开始大规模自研芯片，其市场主导地位将面临挑战。</strong></p><p>此前Alphabet宣布将向外部客户销售自研TPU芯片，亚马逊则在财报电话会议上着重强调自研芯片业务的快速增长。</p><h2 id=\"id_2690273616\"><a href=\"https://laohu8.com/S/GOOG\">谷歌</a>TPU"破圈"，触动市场最敏感神经</h2><p><strong>Alphabet宣布，将向外部精选客户销售自研TPU芯片，客户可将其部署于自有数据中心基础设施之中。</strong></p><p>此前，TPU几乎完全服务于<a href=\"https://laohu8.com/S/GOOGL\">谷歌</a>内部生态。一旦面向外部商业化，TPU将从英伟达GPU的潜在竞争者，演变为具有实质威胁的市场对手。</p><p>尽管TPU在通用灵活性上普遍被认为不及英伟达的解决方案，但针对特定AI应用场景，其成本效益优势较为突出。</p><p><strong>亚马逊同样在财报电话会议上强调自研芯片业务的扩张势头。</strong></p><p>据彭博报道，亚马逊CEO Andy Jassy表示，该公司芯片业务年化营收已突破200亿美元，同比呈三位数增长，核心产品为自研的Trainium芯片。</p><h2 id=\"id_1253148848\">华尔街分析师：自研芯片浪潮构成"重大风险"</h2><p>对于这一竞争态势，华尔街已有分析师发出明确警示。</p><p>Seaport Research半导体分析师Jay Goldberg直言：</p><blockquote><p>这有可能从根本上颠覆英伟达，我认为这是相当重大的风险。</p></blockquote><p>Goldberg的逻辑基于超大规模云计算商的体量与资本实力。这些公司既是英伟达最大的客户，也在持续投入资源成为其竞争者。</p><p>Alphabet第一财季云收入同比增长63%至200.3亿美元，订单积压接近翻倍至逾4600亿美元，<strong>其中相当部分由内部TPU承接。</strong></p><p>Meta则在将2026年资本开支指引上调至1250亿至1450亿美元的同时，<strong>同步推进MTIA自研芯片项目。</strong></p><p><strong>不过，并非所有分析师都认同这一悲观判断。</strong></p><p>Bernstein Research的Stacy Rasgon提出反驳，认为"纠结于谁赢谁输是错误的问题"。他的逻辑在于：<strong>AI智能体的兴起令计算需求呈爆发式增长，当前制约行业的关键因素是供给，而非需求。</strong></p><p>在此背景下，所有具备可信产能的芯片制造商，包括英伟达均能实现产能满销。</p><p>英伟达目前握有952亿美元供应承诺，合作客户覆盖OpenAI、Anthropic、<a href=\"https://laohu8.com/S/CRWV\">CoreWeave</a>及Meta等头部机构。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3f1c866c487eb9e101f73a62d4495ce9","relate_stocks":{"LU2097344431.USD":"SCHRODER ISF SUSTAINABLE MULTI-ASSET INCOME \"A\" (USDHDG) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU2097344357.USD":"SCHRODER ISF SUSTAINABLE MULTI-ASSET INCOME \"A\" (USDHDG) ACC","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0494093205.USD":"贝莱德ESG灵活多元资产A2 USD-H","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY \"A\" (USD) ACC","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","IE00BHPRN162.USD":"BNY MELLON BLOCKCHAIN INNOVATION \"B\" (USD) 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INC"},"source_url":"https://wallstreetcn.com/articles/3771444","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2632693334","content_text":"科技巨头密集上调AI资本开支，理应是英伟达的重大利好，但市场给出了截然相反的答案。周四，英伟达股价下跌逾4%，跌破200美元关口，单日跌幅金额近10美元。此前一晚，Meta、Alphabet、微软、亚马逊相继公布财报，四家超大规模云计算商合计预计在2026年投入高达7250亿美元用于AI基础设施建设。英伟达占据AI加速芯片市场约90%的份额，按常理，这一投资浪潮本应直接惠及这家芯片巨头。但是投资者的担忧，当英伟达最重要的客户开始大规模自研芯片，其市场主导地位将面临挑战。此前Alphabet宣布将向外部客户销售自研TPU芯片，亚马逊则在财报电话会议上着重强调自研芯片业务的快速增长。谷歌TPU\"破圈\"，触动市场最敏感神经Alphabet宣布，将向外部精选客户销售自研TPU芯片，客户可将其部署于自有数据中心基础设施之中。此前，TPU几乎完全服务于谷歌内部生态。一旦面向外部商业化，TPU将从英伟达GPU的潜在竞争者，演变为具有实质威胁的市场对手。尽管TPU在通用灵活性上普遍被认为不及英伟达的解决方案，但针对特定AI应用场景，其成本效益优势较为突出。亚马逊同样在财报电话会议上强调自研芯片业务的扩张势头。据彭博报道，亚马逊CEO Andy Jassy表示，该公司芯片业务年化营收已突破200亿美元，同比呈三位数增长，核心产品为自研的Trainium芯片。华尔街分析师：自研芯片浪潮构成\"重大风险\"对于这一竞争态势，华尔街已有分析师发出明确警示。Seaport Research半导体分析师Jay Goldberg直言：这有可能从根本上颠覆英伟达，我认为这是相当重大的风险。Goldberg的逻辑基于超大规模云计算商的体量与资本实力。这些公司既是英伟达最大的客户，也在持续投入资源成为其竞争者。Alphabet第一财季云收入同比增长63%至200.3亿美元，订单积压接近翻倍至逾4600亿美元，其中相当部分由内部TPU承接。Meta则在将2026年资本开支指引上调至1250亿至1450亿美元的同时，同步推进MTIA自研芯片项目。不过，并非所有分析师都认同这一悲观判断。Bernstein Research的Stacy Rasgon提出反驳，认为\"纠结于谁赢谁输是错误的问题\"。他的逻辑在于：AI智能体的兴起令计算需求呈爆发式增长，当前制约行业的关键因素是供给，而非需求。在此背景下，所有具备可信产能的芯片制造商，包括英伟达均能实现产能满销。英伟达目前握有952亿美元供应承诺，合作客户覆盖OpenAI、Anthropic、CoreWeave及Meta等头部机构。","news_type":1,"symbols_score_info":{"NVYY":0.6,"NVDB":0.6,"NVDY":0.6,"NVDW":0.6,"NVD":0.6,"NVDL":0.6,"NVII":0.6,"NVDX":0.6,"NVDA":2,"NVDU":0.6,"NVDG":0.6,"NVDD":0.6,"NVDS":0.6,"NVDO":0.6,"ANV":0.6,"DIPS":0.6,"NVDQ":0.6}},"isVote":1,"tweetType":1,"viewCount":498,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":557030336274512,"gmtCreate":1777017347425,"gmtModify":1777017350074,"author":{"id":"3558909450416751","authorId":"3558909450416751","name":"superchance","avatar":"https://static.tigerbbs.com/b0913e949e666ea90407a6f8bf3bba2f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558909450416751","idStr":"3558909450416751"},"themes":[],"title":"","htmlText":"**","listText":"**","text":"**","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/557030336274512","repostId":"1154651535","repostType":2,"repost":{"id":"1154651535","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":1777017085,"share":"https://www.laohu8.com/m/news/1154651535?lang=zh_CN&edition=full","pubTime":"2026-04-24 15:51","market":"fut","language":"zh","title":"美国军方正制定重新开战方案，重点打击霍尔木兹海峡周边的伊朗目标","url":"https://stock-news.laohu8.com/highlight/detail?id=1154651535","media":"老虎资讯综合","summary":"迫使伊朗重返谈判桌。","content":"<html><head></head><body><p>美国有线电视新闻网援引消息人士的话报道称，<strong>美国军方正在制定新方案，一旦美伊停火破裂，美军将针对伊朗在霍尔木兹海峡周边的军事防御能力进行重点打击。</strong></p><p>报道还称，美军还可能对伊朗军民两用设施和基础设施，包括能源设施，发动袭击，迫使伊朗重返谈判桌。(CCTV国际时讯)</p><p>目前，布伦特原油期货价格涨幅超1%，WTI油价涨超0.9%。</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>美国军方正制定重新开战方案，重点打击霍尔木兹海峡周边的伊朗目标</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n美国军方正制定重新开战方案，重点打击霍尔木兹海峡周边的伊朗目标\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\">2026-04-24 15:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>美国有线电视新闻网援引消息人士的话报道称，<strong>美国军方正在制定新方案，一旦美伊停火破裂，美军将针对伊朗在霍尔木兹海峡周边的军事防御能力进行重点打击。</strong></p><p>报道还称，美军还可能对伊朗军民两用设施和基础设施，包括能源设施，发动袭击，迫使伊朗重返谈判桌。(CCTV国际时讯)</p><p>目前，布伦特原油期货价格涨幅超1%，WTI油价涨超0.9%。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b10617d656159f9b4a642ca98521d59e","relate_stocks":{},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154651535","content_text":"美国有线电视新闻网援引消息人士的话报道称，美国军方正在制定新方案，一旦美伊停火破裂，美军将针对伊朗在霍尔木兹海峡周边的军事防御能力进行重点打击。报道还称，美军还可能对伊朗军民两用设施和基础设施，包括能源设施，发动袭击，迫使伊朗重返谈判桌。(CCTV国际时讯)目前，布伦特原油期货价格涨幅超1%，WTI油价涨超0.9%。","news_type":1,"symbols_score_info":{"BZmain":2,"CLmain":2}},"isVote":1,"tweetType":1,"viewCount":334,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":552105570345624,"gmtCreate":1775825966178,"gmtModify":1775826471263,"author":{"id":"3558909450416751","authorId":"3558909450416751","name":"superchance","avatar":"https://static.tigerbbs.com/b0913e949e666ea90407a6f8bf3bba2f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558909450416751","idStr":"3558909450416751"},"themes":[],"title":"","htmlText":"mrvel就是个垃圾股立帖为证","listText":"mrvel就是个垃圾股立帖为证","text":"mrvel就是个垃圾股立帖为证","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/552105570345624","repostId":"2626198582","repostType":2,"repost":{"id":"2626198582","kind":"news","pubTimestamp":1775825765,"share":"https://www.laohu8.com/m/news/2626198582?lang=zh_CN&edition=full","pubTime":"2026-04-10 20:56","market":"us","language":"zh","title":"当AI数据中心越来越相信光的力量，“光互连+硅光子”引擎点燃迈威尔新一轮牛市","url":"https://stock-news.laohu8.com/highlight/detail?id=2626198582","media":"智通财经","summary":"智通财经APP获悉，聚焦于大型AI数据中心定制化AI芯片与光互连技术，以及作为亚马逊AWS Trainium系列AI ASIC最大规模合作伙伴之一的迈威尔科技股价截至周四美股收盘大幅上涨近5%，今年以来该芯片巨头股价涨幅高达40%，大幅跑赢标普500指数以及有着“科技股风向标”称号的纳斯达克100指数。数据中心越来越相信光的力量!","content":"<html><head></head><body><p style=\"text-align: left;\">聚焦于大型AI数据中心定制化AI芯片(即AI ASIC)与光互连技术，以及作为<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>AWS Trainium系列AI ASIC最大规模合作伙伴之一的<a href=\"https://laohu8.com/S/MRVL\">迈威尔科技</a>(MRVL.US)股价截至周四美股收盘大幅上涨近5%，今年以来该芯片巨头股价涨幅高达40%，大幅跑赢<a href=\"https://laohu8.com/S/161125\">标普500</a>指数以及有着“科技股风向标”称号的纳斯达克100指数。 <strong><a href=\"https://laohu8.com/S/MRVL\">迈威尔科技</a></strong> <strong>(Marvell)这一轮股价再定价/基本面重估的核心引擎，正是“AI ASIC/XPU + 光学技术”这两条硬核逻辑的共振，而不是单一的芯片需求题材所驱动。</strong></p><p style=\"text-align: left;\">同样在美东时间周四，华尔街金融巨头<a href=\"https://laohu8.com/S/BCS\">巴克莱银行</a><strong>因光互连/硅光子产品增长前景将该股评级从“持有”上调至“增持”，同时该行还将该股目标价从105美元大幅上调至150美元。</strong>截至周四美股收盘，迈威尔科技股价收于119.930美元。</p><p style=\"text-align: left;\">AI ASIC无疑是迈威尔科技估值与基本面增长中枢上移的第一根核心支柱，<a href=\"https://laohu8.com/S/AVGO\">博通</a>与迈威尔最新公布的强劲财报足以说明AI ASIC前所未见的强劲增长逻辑正在被“财报级证据”快速确认。席卷全球的生成式AI热潮加快了云计算与芯片巨头们的AI芯片开发进程，它们正争相为先进的大型AI数据中心设计速度最快且能效最为强劲的AI算力基础设施集群。</p><p style=\"text-align: left;\"><strong><a href=\"https://laohu8.com/S/600455\">博通</a>及其最大竞争对手迈威尔公司主要聚焦于利用自身在高速互连和芯片IP领域绝对优势来携手亚马逊、<a href=\"https://laohu8.com/S/GOOG\">谷歌</a>和<a href=\"https://laohu8.com/S/MSFT\">微软</a>等云计算巨头们共同打造出根据其AI数据中心具体需求量身定制的AI ASIC算力集群</strong>，而这项ASIC业务已经成长为两家公司的一项非常重要业务，比如博通联手<a href=\"https://laohu8.com/S/GOOGL\">谷歌</a>所打造的TPU AI算力集群就是一种最典型的AI ASIC技术路线。</p><p style=\"text-align: left;\"></p><h2 style=\"text-align: left;\"><span style=\"color: rgb(186, 55, 42);\">ASIC+光学业务高增长逻辑，华尔街向迈威尔投来看涨研报</span></h2><p style=\"text-align: left;\">光互连，则是华尔街分析师们看涨迈威尔科技股价前景以及基本面扩张逻辑的第二大核心支柱，同时也是<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>以20亿美元投资该公司的重要因素。当连接距离超过约10米后，铜缆互连已无法高速满足大型AI数据中心所需的带宽与距离要求;此时必须转向光互连系统，而光学器件里的核心硬件正是迈威尔擅长的一系列optical DSP以及光学互连产品。</p><p style=\"text-align: left;\"><strong>光互连集中于服务器之间、交换机之间、机架之间、数据中心之间的高速链路，如果再往前看一步，迈威尔遥遥领先的硅光子技术也是华尔街看好该公司股价的核心逻辑，硅光子并不是和光互连平行的替代概念，而更像是把光从机柜外、机架间，进一步推进到机架内、系统内、甚至封装内的关键技术实现。</strong>更准确地说，硅光子技术更偏向把光学传输往芯片/封装/I/O 侧推进，这也是迈威尔为何选择以高昂代价收购Celestial。</p><p style=\"text-align: left;\">此外，分析师们对于迈威尔SSD存储芯片主控业务创收前景也愈发乐观，堪称是该公司基本面大幅扩张预期的第三支柱。<strong>在大模型训练/推理体系中，I/O带宽、持久存储访问效率与内存池互联效率同样约束整体训练成本与性能，迈威尔科技的SSD主控芯片、NVMe/CXL缓存控制器以及高带宽存储互联产品线正是存储需求强劲增长的重要组成。</strong>这些高度专用控制ASIC虽不像指数级扩张的AI ASIC业务那样显眼，但其对超大参数AI模型的数据态处理至关重要，直接推动数据中心层级的系统效率与服务质量。</p><p style=\"text-align: left;\">从华尔街最近的表述看，市场已不再只把迈威尔科技当作一个泛数据中心AI芯片公司，<strong>而是开始把它视为一边承接大型云计算巨头们自研 XPU/ASIC超级大浪潮，一边在AI算力集群带宽爆炸式扩张中率先吃到基于光互连的大规模升级以及硅光子发展红利的“双轮资产”。</strong></p><p style=\"text-align: left;\">以Tom O'Malley为首的<a href=\"https://laohu8.com/S/BARC.UK\">巴克莱银行</a>分析师表示，迈威尔首先并且最重要的是一家前沿光学技术公司，而随着数据中心端口数量快速增长，光学市场的增长本身就足以支撑这家公司强劲创收预期。分析师们补充称，<strong>行业调研显示，光学级别的端口数量应会在2026年至少实现翻倍，并在2027年再次实现翻倍。</strong></p><p style=\"text-align: left;\">几乎同一时间，来自另一华尔街大行花旗的分析师们表示，<strong>在“把核心芯片更紧密地连接于单一系统内部”这一点上，迈威尔科技可能扩大其在更大规模AI算力集群中的角色。</strong></p><p style=\"text-align: left;\">“我们的测算数据表明，即便有部分光学市场份额转移给博通，整体的泛光学业务今年和明年仍可为迈威尔带来大约90%的强劲增长规模。我们在下方列出了一种情景：即便完全剔除微软订单、假设亚马逊没有任何单位增长，并对XPU搭载率进行折价处理，我们仍然能得出约5美元的每股盈利。然而，我们并不认同这些假设，事实上，在英伟达公布NVLink Fusion公告以及英伟达投资迈威尔的最新决议之后，我们对微软以及亚马逊的加速爬坡更有信心。”O'Malley领导的巴克莱分析师团队表示。</p><p style=\"text-align: left;\">这些分析师指出，市场对于迈威尔公司的投资逻辑将归结为其能否执行一项逻辑已被充分理解且极度偏乐观的业绩预测，<strong>并且他们认为，市场的看涨叙事论调正越来越大规模地转向光学业务。</strong></p><p style=\"text-align: left;\"></p><h2 style=\"text-align: left;\"><span style=\"color: rgb(186, 55, 42);\">数据中心越来越相信光的力量! 手握“光互连+硅光子”的迈威尔踏向新一轮牛市轨迹</span></h2><p style=\"text-align: left;\">毋庸置疑的是，未来无论是英伟达AI GPU算力基础设施集群还是谷歌TPU集群(TPU代表的是AI ASIC技术路线)，都离不开迈威尔科技所代表的这类光互连与最前沿硅光子能力。<strong>迈威尔的中长期估值溢价层面，越来越来自光互连层面的增长逻辑，以及硅光子技术向全球各大数据中心的更深层渗透——因为那意味着迈威尔光学可以从板卡边缘器件，往机架级、系统级乃至芯片内部封装级互连核心部件上迁移。</strong></p><p style=\"text-align: left;\">迈威尔科技在2025年末收购Celestial AI公司时就在声明中直接写道：<strong>下一步光学技术的重要拐点是“机架内、系统内、甚至封装内的电连接向光学迁移”，而Celestial的Photonic Fabric 能把光学I/O技术做到package、system甚至rack级别，并为scale-up光学网络提供比铜更高带宽、更低功耗和更长距离的基于光互连系统的连接。</strong></p><p style=\"text-align: left;\">从OFC 2026 的整体数据中心光互连发展风向看，超大规模AI数据中心越来越相信“光的力量”，<strong>AI算力产业链的主线已经非常清晰：超大规模AI数据中心的瓶颈正从单芯片算力转向“集群级光学互连带宽、能耗和可扩展性”，这也是为何华尔街分析师们近期集体向迈威尔科技投来看涨研报，华尔街最乐观目标价甚至高达160美元，高于巴克莱最新预期。</strong></p><p style=\"text-align: left;\">TPU与GPU算力群这类AI超级集群中，都有一个核心共性：需要极高带宽、极低延迟、以及极高能效的数据中心内部互连。 传统铜缆或电子交换方案在扩展到数千甚至数万芯片规模时，会因功耗与热损耗爆炸性增长而无法满足需求;<strong>光互连技术(主要包括共封装光学CPO、硅光子交换机、<a href=\"https://laohu8.com/S/600184\">光电</a>路交换OCS)以及更加前沿的硅光子级别光学I/O技术能用光信号替代电信号，在大规模AI训练/推理网络中显著提升带宽密度与能效，并减少延迟与功耗，这种对更高光互连容量的需求正是GPU与TPU集群共通的。</strong></p><p style=\"text-align: left;\">随着英伟达主导的AI机柜算力集群，以及scale-up/scale-out高性能网络、1.6T乃至CPO技术发展演进，硬件瓶颈正越来越多地从“算力芯片本身”转向“光学级别带宽、功耗和信号完整性”。<strong>英伟达在3月宣布向迈威尔科技投资20亿美元，两家公司共同揭晓了战略合作伙伴关系，旨在通过英伟达的NVLinkFusion将迈威尔连接至英伟达的AI工厂和AI-RAN生态系统，凸显出英伟达欲携手迈威尔科技携手加速推进数据中心光互连与硅光子技术。</strong></p></body></html>","source":"stock_zhitongcaijing","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>当AI数据中心越来越相信光的力量，“光互连+硅光子”引擎点燃迈威尔新一轮牛市</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n当AI数据中心越来越相信光的力量，“光互连+硅光子”引擎点燃迈威尔新一轮牛市\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-10 20:56 北京时间 <a href=http://www.zhitongcaijing.com/content/detail/1427051.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>聚焦于大型AI数据中心定制化AI芯片(即AI ASIC)与光互连技术，以及作为亚马逊AWS Trainium系列AI ASIC最大规模合作伙伴之一的迈威尔科技(MRVL.US)股价截至周四美股收盘大幅上涨近5%，今年以来该芯片巨头股价涨幅高达40%，大幅跑赢标普500指数以及有着“科技股风向标”称号的纳斯达克100指数。 迈威尔科技 (Marvell)这一轮股价再定价/基本面重估的核心引擎，正是“...</p>\n\n<a 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EQUITY \"A\" (USD) ACC","LU0187121727.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) INC","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LU1046421795.USD":"富达环球科技A-ACC","BK4585":"ETF&股票定投概念","BK4141":"半导体产品","LU0444973449.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"DU\" (USD) ACC"},"source_url":"http://www.zhitongcaijing.com/content/detail/1427051.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2626198582","content_text":"聚焦于大型AI数据中心定制化AI芯片(即AI ASIC)与光互连技术，以及作为亚马逊AWS Trainium系列AI ASIC最大规模合作伙伴之一的迈威尔科技(MRVL.US)股价截至周四美股收盘大幅上涨近5%，今年以来该芯片巨头股价涨幅高达40%，大幅跑赢标普500指数以及有着“科技股风向标”称号的纳斯达克100指数。 迈威尔科技 (Marvell)这一轮股价再定价/基本面重估的核心引擎，正是“AI ASIC/XPU + 光学技术”这两条硬核逻辑的共振，而不是单一的芯片需求题材所驱动。同样在美东时间周四，华尔街金融巨头巴克莱银行因光互连/硅光子产品增长前景将该股评级从“持有”上调至“增持”，同时该行还将该股目标价从105美元大幅上调至150美元。截至周四美股收盘，迈威尔科技股价收于119.930美元。AI ASIC无疑是迈威尔科技估值与基本面增长中枢上移的第一根核心支柱，博通与迈威尔最新公布的强劲财报足以说明AI ASIC前所未见的强劲增长逻辑正在被“财报级证据”快速确认。席卷全球的生成式AI热潮加快了云计算与芯片巨头们的AI芯片开发进程，它们正争相为先进的大型AI数据中心设计速度最快且能效最为强劲的AI算力基础设施集群。博通及其最大竞争对手迈威尔公司主要聚焦于利用自身在高速互连和芯片IP领域绝对优势来携手亚马逊、谷歌和微软等云计算巨头们共同打造出根据其AI数据中心具体需求量身定制的AI ASIC算力集群，而这项ASIC业务已经成长为两家公司的一项非常重要业务，比如博通联手谷歌所打造的TPU AI算力集群就是一种最典型的AI ASIC技术路线。ASIC+光学业务高增长逻辑，华尔街向迈威尔投来看涨研报光互连，则是华尔街分析师们看涨迈威尔科技股价前景以及基本面扩张逻辑的第二大核心支柱，同时也是英伟达以20亿美元投资该公司的重要因素。当连接距离超过约10米后，铜缆互连已无法高速满足大型AI数据中心所需的带宽与距离要求;此时必须转向光互连系统，而光学器件里的核心硬件正是迈威尔擅长的一系列optical DSP以及光学互连产品。光互连集中于服务器之间、交换机之间、机架之间、数据中心之间的高速链路，如果再往前看一步，迈威尔遥遥领先的硅光子技术也是华尔街看好该公司股价的核心逻辑，硅光子并不是和光互连平行的替代概念，而更像是把光从机柜外、机架间，进一步推进到机架内、系统内、甚至封装内的关键技术实现。更准确地说，硅光子技术更偏向把光学传输往芯片/封装/I/O 侧推进，这也是迈威尔为何选择以高昂代价收购Celestial。此外，分析师们对于迈威尔SSD存储芯片主控业务创收前景也愈发乐观，堪称是该公司基本面大幅扩张预期的第三支柱。在大模型训练/推理体系中，I/O带宽、持久存储访问效率与内存池互联效率同样约束整体训练成本与性能，迈威尔科技的SSD主控芯片、NVMe/CXL缓存控制器以及高带宽存储互联产品线正是存储需求强劲增长的重要组成。这些高度专用控制ASIC虽不像指数级扩张的AI ASIC业务那样显眼，但其对超大参数AI模型的数据态处理至关重要，直接推动数据中心层级的系统效率与服务质量。从华尔街最近的表述看，市场已不再只把迈威尔科技当作一个泛数据中心AI芯片公司，而是开始把它视为一边承接大型云计算巨头们自研 XPU/ASIC超级大浪潮，一边在AI算力集群带宽爆炸式扩张中率先吃到基于光互连的大规模升级以及硅光子发展红利的“双轮资产”。以Tom O'Malley为首的巴克莱银行分析师表示，迈威尔首先并且最重要的是一家前沿光学技术公司，而随着数据中心端口数量快速增长，光学市场的增长本身就足以支撑这家公司强劲创收预期。分析师们补充称，行业调研显示，光学级别的端口数量应会在2026年至少实现翻倍，并在2027年再次实现翻倍。几乎同一时间，来自另一华尔街大行花旗的分析师们表示，在“把核心芯片更紧密地连接于单一系统内部”这一点上，迈威尔科技可能扩大其在更大规模AI算力集群中的角色。“我们的测算数据表明，即便有部分光学市场份额转移给博通，整体的泛光学业务今年和明年仍可为迈威尔带来大约90%的强劲增长规模。我们在下方列出了一种情景：即便完全剔除微软订单、假设亚马逊没有任何单位增长，并对XPU搭载率进行折价处理，我们仍然能得出约5美元的每股盈利。然而，我们并不认同这些假设，事实上，在英伟达公布NVLink Fusion公告以及英伟达投资迈威尔的最新决议之后，我们对微软以及亚马逊的加速爬坡更有信心。”O'Malley领导的巴克莱分析师团队表示。这些分析师指出，市场对于迈威尔公司的投资逻辑将归结为其能否执行一项逻辑已被充分理解且极度偏乐观的业绩预测，并且他们认为，市场的看涨叙事论调正越来越大规模地转向光学业务。数据中心越来越相信光的力量! 手握“光互连+硅光子”的迈威尔踏向新一轮牛市轨迹毋庸置疑的是，未来无论是英伟达AI GPU算力基础设施集群还是谷歌TPU集群(TPU代表的是AI ASIC技术路线)，都离不开迈威尔科技所代表的这类光互连与最前沿硅光子能力。迈威尔的中长期估值溢价层面，越来越来自光互连层面的增长逻辑，以及硅光子技术向全球各大数据中心的更深层渗透——因为那意味着迈威尔光学可以从板卡边缘器件，往机架级、系统级乃至芯片内部封装级互连核心部件上迁移。迈威尔科技在2025年末收购Celestial AI公司时就在声明中直接写道：下一步光学技术的重要拐点是“机架内、系统内、甚至封装内的电连接向光学迁移”，而Celestial的Photonic Fabric 能把光学I/O技术做到package、system甚至rack级别，并为scale-up光学网络提供比铜更高带宽、更低功耗和更长距离的基于光互连系统的连接。从OFC 2026 的整体数据中心光互连发展风向看，超大规模AI数据中心越来越相信“光的力量”，AI算力产业链的主线已经非常清晰：超大规模AI数据中心的瓶颈正从单芯片算力转向“集群级光学互连带宽、能耗和可扩展性”，这也是为何华尔街分析师们近期集体向迈威尔科技投来看涨研报，华尔街最乐观目标价甚至高达160美元，高于巴克莱最新预期。TPU与GPU算力群这类AI超级集群中，都有一个核心共性：需要极高带宽、极低延迟、以及极高能效的数据中心内部互连。 传统铜缆或电子交换方案在扩展到数千甚至数万芯片规模时，会因功耗与热损耗爆炸性增长而无法满足需求;光互连技术(主要包括共封装光学CPO、硅光子交换机、光电路交换OCS)以及更加前沿的硅光子级别光学I/O技术能用光信号替代电信号，在大规模AI训练/推理网络中显著提升带宽密度与能效，并减少延迟与功耗，这种对更高光互连容量的需求正是GPU与TPU集群共通的。随着英伟达主导的AI机柜算力集群，以及scale-up/scale-out高性能网络、1.6T乃至CPO技术发展演进，硬件瓶颈正越来越多地从“算力芯片本身”转向“光学级别带宽、功耗和信号完整性”。英伟达在3月宣布向迈威尔科技投资20亿美元，两家公司共同揭晓了战略合作伙伴关系，旨在通过英伟达的NVLinkFusion将迈威尔连接至英伟达的AI工厂和AI-RAN生态系统，凸显出英伟达欲携手迈威尔科技携手加速推进数据中心光互连与硅光子技术。","news_type":1,"symbols_score_info":{"NVDA":2,"MRVU":0.6,"MRVL":1.98,"MVLL":0.6,"GOOG":2}},"isVote":1,"tweetType":1,"viewCount":704,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3498680662745699","authorId":"3498680662745699","name":"Mediator","avatar":"https://static.tigerbbs.com/e27d4b46eee1454d2bd4f83bb56ab921","crmLevel":1,"crmLevelSwitch":1,"authorIdStr":"3498680662745699","idStr":"3498680662745699"},"content":"小股被硬拉上来炒题材凑数的，垃不垃圾说不上，但肯定是德不配位","text":"小股被硬拉上来炒题材凑数的，垃不垃圾说不上，但肯定是德不配位","html":"小股被硬拉上来炒题材凑数的，垃不垃圾说不上，但肯定是德不配位"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":551126403545216,"gmtCreate":1775574252361,"gmtModify":1775576031064,"author":{"id":"3558909450416751","authorId":"3558909450416751","name":"superchance","avatar":"https://static.tigerbbs.com/b0913e949e666ea90407a6f8bf3bba2f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558909450416751","idStr":"3558909450416751"},"themes":[],"title":"","htmlText":"垃圾","listText":"垃圾","text":"垃圾","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/551126403545216","repostId":"1107683205","repostType":2,"repost":{"id":"1107683205","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":1775574102,"share":"https://www.laohu8.com/m/news/1107683205?lang=zh_CN&edition=full","pubTime":"2026-04-07 23:01","market":"us","language":"zh","title":"美媒：特朗普表示可能调整对伊朗的最后期限","url":"https://stock-news.laohu8.com/highlight/detail?id=1107683205","media":"老虎资讯综合","summary":"目前仍会坚持原定的截止时间。","content":"<html><head></head><body><p>美国总统特朗普表示，如果谈判取得进展，周二晚上8点的最后期限可能会有所调整，但目前仍会坚持原定的截止时间。</p><p>另据报道，伊朗已终止与美国之间的直接外交联系。中东官员表示，尽管如此，伊朗与停火调解方的谈判仍在继续。此外，三名伊朗高级官员表示，伊朗方面已通知巴基斯坦，不会再参加旨在停火的会谈。</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>美媒：特朗普表示可能调整对伊朗的最后期限</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美媒：特朗普表示可能调整对伊朗的最后期限\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\">2026-04-07 23:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>美国总统特朗普表示，如果谈判取得进展，周二晚上8点的最后期限可能会有所调整，但目前仍会坚持原定的截止时间。</p><p>另据报道，伊朗已终止与美国之间的直接外交联系。中东官员表示，尽管如此，伊朗与停火调解方的谈判仍在继续。此外，三名伊朗高级官员表示，伊朗方面已通知巴基斯坦，不会再参加旨在停火的会谈。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://community-static.tradeup.com/news/00ab710b18d6c3a0335cf6fa35509b7f","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ 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19:31","market":"us","language":"zh","title":"特朗普：若达不成协议将“彻底摧毁伊朗所有发电厂、油井及哈尔克岛”","url":"https://stock-news.laohu8.com/highlight/detail?id=1151489565","media":"老虎资讯综合","summary":"美国总统特朗普：正与新的政权进行严肃谈判；谈判取得了重大进展；若协议谈不成，将彻底摧毁伊朗所有发电厂、油井和哈尔克岛。","content":"<html><head></head><body><p>3月30日，美国总统特朗普今天（3月30日）在社交平台发帖称，“美国正在与一个全新的、更为理性的（伊朗）政权就结束我们在伊朗的军事行动进行严肃磋商。虽已取得重大进展，但如果短期内未能达成协议，尽管协议很可能会达成，且如果霍尔木兹海峡未立即恢复通航，我们将通过炸毁并彻底抹平伊朗所有的发电站、油井及哈尔克岛，可能还包括所有海水淡化厂，来结束我们在伊朗的这次‘愉快驻留’——这些目标我们迄今有意未曾触碰。” (CCTV国际时讯)</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>特朗普：若达不成协议将“彻底摧毁伊朗所有发电厂、油井及哈尔克岛”</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n特朗普：若达不成协议将“彻底摧毁伊朗所有发电厂、油井及哈尔克岛”\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\">2026-03-30 19:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>3月30日，美国总统特朗普今天（3月30日）在社交平台发帖称，“美国正在与一个全新的、更为理性的（伊朗）政权就结束我们在伊朗的军事行动进行严肃磋商。虽已取得重大进展，但如果短期内未能达成协议，尽管协议很可能会达成，且如果霍尔木兹海峡未立即恢复通航，我们将通过炸毁并彻底抹平伊朗所有的发电站、油井及哈尔克岛，可能还包括所有海水淡化厂，来结束我们在伊朗的这次‘愉快驻留’——这些目标我们迄今有意未曾触碰。” (CCTV国际时讯)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://community-static.tradeup.com/news/e5f0667b28908ea81c4feafc83802afa","relate_stocks":{},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151489565","content_text":"3月30日，美国总统特朗普今天（3月30日）在社交平台发帖称，“美国正在与一个全新的、更为理性的（伊朗）政权就结束我们在伊朗的军事行动进行严肃磋商。虽已取得重大进展，但如果短期内未能达成协议，尽管协议很可能会达成，且如果霍尔木兹海峡未立即恢复通航，我们将通过炸毁并彻底抹平伊朗所有的发电站、油井及哈尔克岛，可能还包括所有海水淡化厂，来结束我们在伊朗的这次‘愉快驻留’——这些目标我们迄今有意未曾触碰。” (CCTV国际时讯)","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":871,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":543567578248392,"gmtCreate":1773732427779,"gmtModify":1773732642620,"author":{"id":"3558909450416751","authorId":"3558909450416751","name":"superchance","avatar":"https://static.tigerbbs.com/b0913e949e666ea90407a6f8bf3bba2f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558909450416751","idStr":"3558909450416751"},"themes":[],"title":"","htmlText":"傻子，你会输的很惨","listText":"傻子，你会输的很惨","text":"傻子，你会输的很惨","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/543567578248392","repostId":"1132677298","repostType":2,"repost":{"id":"1132677298","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":1773731942,"share":"https://www.laohu8.com/m/news/1132677298?lang=zh_CN&edition=full","pubTime":"2026-03-17 15:19","market":"sh","language":"zh","title":"杰富瑞：美国AI泡沬至少两年才会形成，已减持美国科技股，高配中国科技股","url":"https://stock-news.laohu8.com/highlight/detail?id=1132677298","media":"老虎资讯综合","summary":"AI会导致各国就业增长减少及通胀放缓。","content":"<html><head></head><body><p>杰富瑞(Jefferies)全球宏观策略师Mohit Kumar表示，目前不太忧虑美国人工智能(AI)发展出泡沬，即使未来会有泡沬，估计亦需时至少两年时间才会形成。Kumar解释，现在美国超大规模云服务商(Hyperscalers)，其大部分AI资本开支都是来自现金，企业就AI投资而作出的借贷杠杆水平不高，估计要到明年底，借贷杠杆才会升至1999年至2000年科网泡沬时期的水平。</p><p><strong>但他坦言近期已减持美国科技股持仓，原因是市场开始质疑有关资本开支能够带来多少回报。与此同时，Kumar改为高配中国科技股，称相信中国科技股在未来几年甚至几十年都会是大赢家，原因是中国的大模型如DeepSeek，能够以较美国同业为低的成本，做出质素仅略逊于美国同业的大模型。</strong></p><p>Kumar预期美国今年下半年将减息两次，指AI会导致各国就业增长减少及通胀放缓，继而推动全球央行币策更为偏向鸽派。他续指，在各国财政扩张之下，全球流动性已较过往两年大增，这些资金最终都会流入不同资产类别，利好资产表现。</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>杰富瑞：美国AI泡沬至少两年才会形成，已减持美国科技股，高配中国科技股</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ 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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杰富瑞：美国AI泡沬至少两年才会形成，已减持美国科技股，高配中国科技股\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2026-03-17 15:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>杰富瑞(Jefferies)全球宏观策略师Mohit Kumar表示，目前不太忧虑美国人工智能(AI)发展出泡沬，即使未来会有泡沬，估计亦需时至少两年时间才会形成。Kumar解释，现在美国超大规模云服务商(Hyperscalers)，其大部分AI资本开支都是来自现金，企业就AI投资而作出的借贷杠杆水平不高，估计要到明年底，借贷杠杆才会升至1999年至2000年科网泡沬时期的水平。</p><p><strong>但他坦言近期已减持美国科技股持仓，原因是市场开始质疑有关资本开支能够带来多少回报。与此同时，Kumar改为高配中国科技股，称相信中国科技股在未来几年甚至几十年都会是大赢家，原因是中国的大模型如DeepSeek，能够以较美国同业为低的成本，做出质素仅略逊于美国同业的大模型。</strong></p><p>Kumar预期美国今年下半年将减息两次，指AI会导致各国就业增长减少及通胀放缓，继而推动全球央行币策更为偏向鸽派。他续指，在各国财政扩张之下，全球流动性已较过往两年大增，这些资金最终都会流入不同资产类别，利好资产表现。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/277a0aa3d579d4bdcbda0598e0c059ca","relate_stocks":{"BIDU":"百度","BABA":"阿里巴巴","00700":"腾讯控股"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132677298","content_text":"杰富瑞(Jefferies)全球宏观策略师Mohit Kumar表示，目前不太忧虑美国人工智能(AI)发展出泡沬，即使未来会有泡沬，估计亦需时至少两年时间才会形成。Kumar解释，现在美国超大规模云服务商(Hyperscalers)，其大部分AI资本开支都是来自现金，企业就AI投资而作出的借贷杠杆水平不高，估计要到明年底，借贷杠杆才会升至1999年至2000年科网泡沬时期的水平。但他坦言近期已减持美国科技股持仓，原因是市场开始质疑有关资本开支能够带来多少回报。与此同时，Kumar改为高配中国科技股，称相信中国科技股在未来几年甚至几十年都会是大赢家，原因是中国的大模型如DeepSeek，能够以较美国同业为低的成本，做出质素仅略逊于美国同业的大模型。Kumar预期美国今年下半年将减息两次，指AI会导致各国就业增长减少及通胀放缓，继而推动全球央行币策更为偏向鸽派。他续指，在各国财政扩张之下，全球流动性已较过往两年大增，这些资金最终都会流入不同资产类别，利好资产表现。","news_type":1,"symbols_score_info":{"BIDU":2,"BABA":2,"00700":2}},"isVote":1,"tweetType":1,"viewCount":709,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":541689932366560,"gmtCreate":1773274117311,"gmtModify":1773277342479,"author":{"id":"3558909450416751","authorId":"3558909450416751","name":"superchance","avatar":"https://static.tigerbbs.com/b0913e949e666ea90407a6f8bf3bba2f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558909450416751","idStr":"3558909450416751"},"themes":[],"title":"","htmlText":"跌了40%垃圾玩意","listText":"跌了40%垃圾玩意","text":"跌了40%垃圾玩意","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/541689932366560","repostId":"2618924504","repostType":2,"repost":{"id":"2618924504","kind":"news","pubTimestamp":1773247260,"share":"https://www.laohu8.com/m/news/2618924504?lang=zh_CN&edition=full","pubTime":"2026-03-12 00:41","market":"sg","language":"zh","title":"新思科技推出用于AI芯片设计的全新软件工具","url":"https://stock-news.laohu8.com/highlight/detail?id=2618924504","media":"环球市场播报","summary":"新思科技周三推出全新软件工具，以应对人工智能芯片设计日益复杂的挑战。这是该公司以 350 亿美元收购工程软件公司安西斯后的首批新品。 新思科技在硅谷一场会议上公布了这些新工具。 新思科技首席执行官萨辛加齐表示，新工具旨在将这类工程能力集成到英特尔等芯片设计厂商已在使用的软件工具中。","content":"<html><body><div>\n<p> 新<span>思科</span><span></span>技（Synopsys）周三推出<strong>全新软件工具</strong>，以应对人工智能芯片设计日益复杂的挑战。这是该公司以 350 亿美元收购工程软件公司安西斯（Ansys）后的首批新品。</p>\n<p> <a href=\"https://laohu8.com/S/SNPS\">新思科技</a>在硅谷一场会议上公布了这些新工具。数十年来，该公司一直是芯片设计软件的主要供应商之一，其软件用于规划构成芯片的<a href=\"https://laohu8.com/S/SBAY\">数百亿</a>颗晶体管的布局，客户包括超威半导体（<span><a href=\"https://laohu8.com/S/AMD\">AMD</a></span><span></span>）、<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>等公司 —— 英伟达去年曾向新思科技投资 20 亿美元。</p>\n<p> 但 AMD 和英伟达的旗舰产品早已不再是单一芯片，而是由多颗更小的 “小芯片” 以愈发复杂的方式堆叠封装而成。</p>\n<p> 这一趋势正是收购 Ansys 的原因：芯片设计师如今必须解决原本属于机械工程师领域的问题，例如小芯片运行时产生的热量是否会导致其翘曲、膨胀，进而出现开裂、与相邻芯片脱离，毁掉一块价值数万美元的复杂芯片。</p>\n<p> 新思科技首席执行官萨辛・加齐表示，新工具旨在将这类工程能力<strong>集成到<span><a href=\"https://laohu8.com/S/INTC\">英特尔</a></span><span></span>等芯片设计厂商已在使用的软件工具中</strong>。</p>\n<p> “以往工程师们会以孤立的方式完成每个设计环节，” 加齐说，“最终结果就是产品成本更高，也无法发挥最大性能。我们把这些能力前置到设计阶段，从而实现更好的性能、更低的功耗，当然还有更低的成本。”</p>\n<div>\n<div><img src=\"\"/></div>\n<div>海量资讯、精准解读，尽在新浪财经APP</div>\n</div>\n<p>责任编辑：郭明煜 </p>\n</div></body></html>","source":"sina","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>新思科技推出用于AI芯片设计的全新软件工具</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n新思科技推出用于AI芯片设计的全新软件工具\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-12 00:41 北京时间 <a href=https://finance.sina.com.cn/stock/usstock/c/2026-03-12/doc-inhqrvzf9109702.shtml><strong>环球市场播报</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>新思科技（Synopsys）周三推出全新软件工具，以应对人工智能芯片设计日益复杂的挑战。这是该公司以 350 亿美元收购工程软件公司安西斯（Ansys）后的首批新品。\n 新思科技在硅谷一场会议上公布了这些新工具。数十年来，该公司一直是芯片设计软件的主要供应商之一，其软件用于规划构成芯片的数百亿颗晶体管的布局，客户包括超威半导体（AMD）、英伟达等公司 —— 英伟达去年曾向新思科技投资 20 ...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/usstock/c/2026-03-12/doc-inhqrvzf9109702.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2247934214.USD":"FIDELITY FUNDS SUSTAINABLE FUTURE CONNECTIVITY \"A\" (USD) ACC","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU1854103824.USD":"M&G (LUX) POSITIVE IMPACT \"A\" (USD) INC","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","LU2433249047.HKD":"THEMATICS META \"R/A\" (HKD) ACC","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","BK4588":"碎股","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","SNPX":"2倍做多SNPS ETF-Tradr","LU2063271972.USD":"富兰克林创新领域基金","LU2211814178.USD":"ALLIANZ CLEAN PLANET \"AT\" (USD) ACC","LU1951200564.SGD":"Natixis Thematics AI & 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SGD"},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2026-03-12/doc-inhqrvzf9109702.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2618924504","content_text":"新思科技（Synopsys）周三推出全新软件工具，以应对人工智能芯片设计日益复杂的挑战。这是该公司以 350 亿美元收购工程软件公司安西斯（Ansys）后的首批新品。\n 新思科技在硅谷一场会议上公布了这些新工具。数十年来，该公司一直是芯片设计软件的主要供应商之一，其软件用于规划构成芯片的数百亿颗晶体管的布局，客户包括超威半导体（AMD）、英伟达等公司 —— 英伟达去年曾向新思科技投资 20 亿美元。\n 但 AMD 和英伟达的旗舰产品早已不再是单一芯片，而是由多颗更小的 “小芯片” 以愈发复杂的方式堆叠封装而成。\n 这一趋势正是收购 Ansys 的原因：芯片设计师如今必须解决原本属于机械工程师领域的问题，例如小芯片运行时产生的热量是否会导致其翘曲、膨胀，进而出现开裂、与相邻芯片脱离，毁掉一块价值数万美元的复杂芯片。\n 新思科技首席执行官萨辛・加齐表示，新工具旨在将这类工程能力集成到英特尔等芯片设计厂商已在使用的软件工具中。\n “以往工程师们会以孤立的方式完成每个设计环节，” 加齐说，“最终结果就是产品成本更高，也无法发挥最大性能。我们把这些能力前置到设计阶段，从而实现更好的性能、更低的功耗，当然还有更低的成本。”\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：郭明煜","news_type":1,"symbols_score_info":{"SNPS":1.5,"SNPX":0.6}},"isVote":1,"tweetType":1,"viewCount":1137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"defaultTab":"posts","isTTM":false}