When the global chip craze is underway! Is the spring of semiconductors here?
帅冰握
发表于 2024-2-13 18:06:20
1305
0
0
Global chip leaders are racing!
On February 13th, Japanese and Korean chip stocks performed strongly. SK Hynix opened with a sharp rise, driving the strength of the South Korean chip sector, closing up nearly 5%. SoftBank Group's stock price rose strongly at the beginning of the trading session, with a surge of over 10%, and as of the close, it had risen by over 6%.
On February 12th, NVIDIA's market value briefly surpassed that of Amazon and Google's parent company Alphabet, becoming the fourth highest company in the world by market value. As of the close, Nvidia's stock price closed at $722.48 per share, with a market value of $1.78 trillion (approximately RMB 12.8 trillion). Since the AI wave swept through in October 2022, Nvidia's stock price has risen nearly fivefold.
On the same day, ARM, a chip design company held by SoftBank, saw its stock price surge by 42%. As of closing, it rose 29.3% to close at $148.97 per share, with a market value of $153.2 billion (approximately RMB 1.1 trillion). Since the release of its impressive financial report, the stock price has been extremely active recently, and in the past three trading days, the stock price has doubled.
Thanks to the sharp rise in overseas chip stocks, related QDII funds have performed well since the beginning of the year. Looking ahead to the future market of A-share chip stocks, some institutions believe that the surge in overseas chips confirms that the upward trend of the global semiconductor business cycle has begun. The growth of the semiconductor localization sector will maintain a relatively high growth rate in the medium to long term.
Nvidia's market value once surpassed that of Google and Amazon
On Monday (February 12th) Eastern Time, Nvidia surpassed Amazon and Google's parent company Alphabet in market value, becoming the fourth highest company in the world by market value, only behind Microsoft, Apple, and Saudi Aramco. As of the close, Nvidia's stock price rose 0.16% to close at $722.48 per share, with a market value of $1.78 trillion (approximately RMB 12.8 trillion), slightly lower than Amazon and Alphabet.
It is worth mentioning that as a global leader in artificial intelligence (AI) chips, Nvidia's stock price continues to break new historical highs. Since the AI wave swept through in October 2022, Nvidia's stock price has risen nearly fivefold, with a 239% increase in 2023.
Wall Street predicts that Nvidia's fourth quarter revenue will reach $20.27 billion, non GAAP earnings per share will reach $4.53, and both revenue and net profit will achieve continuous growth.
International renowned institutions such as Goldman Sachs, Bank of America, and Morgan Stanley have recently raised Nvidia's target price. Goldman Sachs stated that investment in AI infrastructure, including from governments and technology giants around the world, will further drive Nvidia's revenue. Therefore, Goldman Sachs has raised Nvidia's annual profit forecast by an average of 22% from 2025 to 2026.
ARM stock price doubles in three days
ARM, a chip design company held by SoftBank, also performed well in terms of stock price. On February 12th, the stock surged 42% and as of the close, it rose 29.3% to close at $148.97 per share, with a market value of $153.2 billion (approximately RMB 1.1 trillion). The stock has been extremely active recently, with the stock price doubling in the past three trading days.
The surge in stock prices is due to ARM's recent impressive financial report. ARM's announcement for the third quarter of fiscal year 2024 (July September 2023) shows a revenue of $824 million, a year-on-year increase of 14%, and a net profit of $87 million.
It is reported that ARM itself does not directly design, manufacture or sell chip products, but mainly licenses its designed chip architecture (IP) and related technologies to chip manufacturers, making money through licensing transactions and patent fees. In the quarter, its patent fees increased by 11% year-on-year, reaching $470 million, partly due to the recovery of the smartphone market and sales growth from automotive and cloud computing data centers.
In addition, ARM has released better than expected Q4 2023 performance guidance, with expected revenue of $850 million to $900 million, compared to an expected $778 million. ARM claims that performance growth is driven by franchise and licensing revenue. Because the client aims to design new chips for artificial intelligence work, resulting in higher licensing fees.
ARM executives have stated that their expansion strategy has begun to pay off, with customers flocking to ARM based central processors to supplement Nvidia's chips for data center artificial intelligence work, and are committed to developing new laptops and smartphones that can handle chatbots and other artificial intelligence functions.
The upward trend of the global semiconductor business cycle has begun
Some analysts believe that since 2023, the most impressive performance in the NASDAQ index in the United States has been related to artificial intelligence computing power, demonstrating the disruptive changes brought by the AI big model to this industry.
It is worth mentioning that the market value weighted ETF (QDII) of Jingshun Great Wall NASDAQ Technology, which holds a heavy stake in US technology stocks, has risen by over 11% this year, leading the rise of QDII. As of the end of 2023, the top ten heavily held stocks of the fund are Apple, Microsoft, NVIDIA, META PLATFORMS, ALPHABET-A, ALPHABET-C, BROADCOM, and ADOBE AMD and Intel.
What are the references for A-share investment?
The technology team of Noan Fund stated that the long-term focus on the technology sector, including semiconductor equipment in the field of technology security and technological changes in the field of artificial intelligence, continues to follow the previous investment logic and continue to advance in the industry. Based on the expectation of stable and upward economic growth in 2024, Noan Fund tends to believe that investors' pessimistic expectations are expected to reverse simultaneously. The surge in overseas chips has confirmed that the upward trend of the global semiconductor business cycle has begun. Looking ahead to the future, we firmly believe that Chinese technology will definitely comprehensively break through the blockade imposed by the United States. During this process, the growth of the semiconductor localization sector will maintain a relatively high growth rate in the medium to long term. The global trend in the artificial intelligence industry is strong, coupled with the multiple benefits of the recovery in demand for smartphones. 2024 will be a year of flourishing technology.
Di Xinghua, fund manager of Guofu Global Technology Interconnection Hybrid (QDII), said that AI has just begun. "We can see that some companies in the US stock market that are related to AI do have new AI business coming in on the revenue side of their reports. However, what we have overlooked is that many companies have contracted their costs due to AI, and the entire profit curve has opened up, which is very exciting. Therefore, we will deeply consider the impact of AI on the revenue and cost sides of holding companies." Di Xinghua believes that in the long run, The potential productivity improvement and increase in labor supply brought about by artificial intelligence cannot be underestimated.
Looking ahead to the future, Yang Weiwei, fund manager of Great Wall Fund, believes that AI and domestic substitution are the two driving forces for the semiconductor industry. In terms of AI, it includes both the localization of AI computing power chips and AI related hardware and chips. For example, this year, some giants have officially started to lay out AR glasses, which are excellent landing carriers for AI, and related A-share chip companies will be the focus of attention.
Zhao Zongting, the ETF fund manager of Huaxia Chip, stated that the investment logic for the semiconductor chip sector mainly consists of three points: first, at the bottom of the cycle, the economy is recovering; Secondly, artificial intelligence drives the super innovation cycle, and AI chips usher in development opportunities; Thirdly, domestic alternative research and development achievements are gradually being implemented, and breakthrough products are being released.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- What is the value of gold in the world? A new record has arrived: $20 trillion!
- NVIDIA with Flyna Finger! Institution: AI demand will continue to drive the purchase of semiconductor related equipment
- See you soon! ASML, the 'lithography machine giant', suffered an error in its financial report and was released ahead of schedule, triggering panic in the semiconductor sector
- TSMC joins the 'Trillion Dollar Club', with stock price doubling or soaring at the beginning of 2024
- The third quarter performance forecast is here! Institutions claim that exchanging old for new will drive JD Group's revenue growth and recovery, and profits will be steadily released
- The intravenous injection crisis in the United States is expected to ease: the first batch of imported materials are backed by factories in China and other places
- Mergers and acquisitions into semiconductor industry leading A-shares continue to emerge, with Huang Renxun taking the lead in launching a 'sweeping sales model'
- The AI car is here! Xiaopeng P7+officially launched on November 7th
- Robin Lee's "Application Comes" Keynote Speech Poster Official Announces Baidu World or Brings Multiple New Releases
- The 'Watching Guide' for the US Election Voting Begins
-
随着“银十”结束,各家造车新势力都交出了一份亮眼的成绩单。 理想领跑10月新势力交付榜,鸿蒙智行重回4万辆,零跑、深蓝、极氪、小鹏等单月交付量均创新高,岚图、阿维塔、智己等实现破万,但哪吒却消失在 ...
- fanadam
- 昨天 20:02
- 支持
- 反对
- 回复
- 收藏
-
【科技记者古尔曼:苹果计划于12月第一周发布iOS 18.2系统更新 带来更多人工智能功能】科技记者古尔曼透露,苹果计划于12月第一周发布iOS 18.2系统更新。iOS 18.2将为iPhone 15 Pro机型和所有iPhone 16机型带来更多 ...
- cristianna
- 前天 17:32
- 支持
- 反对
- 回复
- 收藏
-
为期超七周的大罢工终于落下帷幕。 当地时间11月4日,波音美国西海岸工厂工人们就改进后的合同提案投票。 随后,代表着波音超过33000名西雅图地区机械师的IAM工会经表决,以59%的同意票决定接纳波音提 ...
- cristianna
- 昨天 16:55
- 支持
- 反对
- 回复
- 收藏
-
近日,爱立信中国区总裁方迎在接受《经济参考报》记者采访时表示,5G技术在全球范围内得到了迅速发展,但面临商业潜力未能充分挖掘、网络运营难度较以往更高两大挑战。因此,运营商在继续5G网络部署的同时,应关 ...
- blueskybb
- 前天 15:05
- 支持
- 反对
- 回复
- 收藏