日2.5市盈率85 市净率90
05-02
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科技巨头资本支出强劲，台积电被摩根士丹利列为”首选股”
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04:04","market":"us","language":"zh","title":"科技巨头资本支出强劲，台积电被摩根士丹利列为”首选股”","url":"https://stock-news.laohu8.com/highlight/detail?id=2532875288","media":"华尔街见闻","summary":"摩根士丹利（Morgan Stanley）周四将台积电列为首选股票，Meta和微软两家公司的资本支出显示出对AI产品的需求依旧旺盛，印证了该公司的光明前景。摩根士丹利对台积电股票评级为增持，台积电美股周四一度上涨4.6%，收涨3.6%。","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/MS\">摩根士丹利</a>（Morgan Stanley）周四将<a href=\"https://laohu8.com/S/TSM\">台积电</a>列为首选股票，称大型科技公司在人工智能领域的强劲资本支出，印证了该公司的光明前景。摩根士丹利虽然下调了台积电的目标价，但对台积电股票评级为增持，台积电美股周四一度上涨4.6%，收涨3.6%。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6251b4d5afca6ca3d8c02679bff6175c\" tg-width=\"560\" tg-height=\"240\"/></p><p><strong>大摩分析师Charlie Chan指出，Meta和<a href=\"https://laohu8.com/S/MSFT\">微软</a>两家公司的资本支出显示出对AI产品的需求依旧旺盛。</strong></p><blockquote><p>鉴于Meta和微软发布的强劲AI资本支出指引，我们将台积电重新纳入首选名单。</p><p>“两家公司强劲的AI资本支出应能打消市场对台积电CoWoS（晶圆上芯片再植入基板）订单削减的担忧。”</p></blockquote><p><strong>媒体报道，此前摩根士丹利之所以迟迟未能将台积电列为首选股票，主要受制于三大悬念：AI需求可持续性、台积电与<a href=\"https://laohu8.com/S/INTC\">英特尔</a>合资的可能性，以及美国半导体关税。</strong></p><p>在AI需求方面，摩根士丹利表示，投资者近期对台积电先进CoWoS封装技术订单削减的担忧似乎被夸大了。</p><p>分析师写道：</p><blockquote><p>“我们最新的供应链调查显示，台积电的CoWoS-L需求保持不变。”</p><p>Meta将其2025年全年资本支出计划上调约70亿美元，微软则暗示把资本支出中的一部分……转向周期更短的服务器设备，以填充那些数据中心。”</p></blockquote><p>关于是否与英特尔合资这一悬念，摩根士丹利报告称，情况看起来也不那么令人担心，预计台积电在未来CPU生产中所扮演的角色有限。</p><blockquote><p>“台积电的2纳米制程将用于生产CPU与GPU两种芯片模块，但会与Intel 18A节点共享产能。台积电管理层已排除了合资的可能性。”</p></blockquote><p>至于半导体关税，摩根士丹利表示，在5月7日的决定出台之前仍存不确定性，但未提及新的风险变化。</p><p>摩根士丹利强调：</p><blockquote><p><strong>“一旦这些悬念解除，我们预期股价将迅速反弹。”</strong></p></blockquote><p>摩根士丹利将台积电的目标价从2,454.00新台币下调至2,330.00新台币。尽管目标价被下调，大摩仍维持对该股的“增持”(Overweight)评级。</p><blockquote><p>“与同业相比，台积电是更具吸引力的增持(OW)标的，按2025年预估市盈率仅15.5倍。”</p></blockquote><p>“增持”(Overweight)评级意味着摩根士丹利分析师预计，未来12至18个月台积电股票的总回报将超过其所覆盖股票的平均水平。将台积电列为“首选”表明，分析师认为其相较同行具有显著的潜在上行空间。</p><p>此外，还有多家<a href=\"https://laohu8.com/S/FISI\">金融机构</a>对台积电股价做出预期。Bernstein维持对台积电的“跑赢大市”(Outperform)评级，强调其在封装技术方面的进展是未来增长的战略资产。Stifel则调整了对台积电的预期，预计资本支出与扩产计划将放缓，因而下调目标价，此举反映出对终端需求和台积电激进扩张可能放缓的担忧。<a href=\"https://laohu8.com/S/JPM\">摩根大通</a>同样下调了目标价，但维持“增持”评级，理由是预计2025年营收指引将作出调整。公司第二季度营收预计增长5-8%，但关税影响及全球经济放缓导致全年营收预期更趋谨慎。</p></body></html>","source":"wallstreetcn_hot_news","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>科技巨头资本支出强劲，台积电被摩根士丹利列为”首选股”</title>\n<style 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Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a62a13847673d4275638e183efe84562","relate_stocks":{"IE00BQXX3D17.EUR":"GUINNESS GLOBAL INNOVATORS \"C\" (EUR) ACC","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","IE00BQXX3C00.GBP":"GUINNESS GLOBAL INNOVATORS \"C\" (GBP) ACC","LU0143863198.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"AU\" (USD) ACC","03145":"华夏亚洲高息股","LU0795875086.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD","LU1508157978.USD":"BSF BLACKROCK SYSTEMATIC ASIA PACIFIC EQUITY ABSOLUTE RETURN \"A\" (USD) ACC","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0823414478.USD":"法巴经典能源转换基金","LU0795875169.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD-H","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0572940350.SGD":"Janus Henderson 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Stanley）周四将台积电列为首选股票，称大型科技公司在人工智能领域的强劲资本支出，印证了该公司的光明前景。摩根士丹利虽然下调了台积电的目标价，但对台积电股票评级为增持，台积电美股周四一度上涨4.6%，收涨3.6%。大摩分析师Charlie Chan指出，Meta和微软两家公司的资本支出显示出对AI产品的需求依旧旺盛。鉴于Meta和微软发布的强劲AI资本支出指引，我们将台积电重新纳入首选名单。“两家公司强劲的AI资本支出应能打消市场对台积电CoWoS（晶圆上芯片再植入基板）订单削减的担忧。”媒体报道，此前摩根士丹利之所以迟迟未能将台积电列为首选股票，主要受制于三大悬念：AI需求可持续性、台积电与英特尔合资的可能性，以及美国半导体关税。在AI需求方面，摩根士丹利表示，投资者近期对台积电先进CoWoS封装技术订单削减的担忧似乎被夸大了。分析师写道：“我们最新的供应链调查显示，台积电的CoWoS-L需求保持不变。”Meta将其2025年全年资本支出计划上调约70亿美元，微软则暗示把资本支出中的一部分……转向周期更短的服务器设备，以填充那些数据中心。”关于是否与英特尔合资这一悬念，摩根士丹利报告称，情况看起来也不那么令人担心，预计台积电在未来CPU生产中所扮演的角色有限。“台积电的2纳米制程将用于生产CPU与GPU两种芯片模块，但会与Intel 18A节点共享产能。台积电管理层已排除了合资的可能性。”至于半导体关税，摩根士丹利表示，在5月7日的决定出台之前仍存不确定性，但未提及新的风险变化。摩根士丹利强调：“一旦这些悬念解除，我们预期股价将迅速反弹。”摩根士丹利将台积电的目标价从2,454.00新台币下调至2,330.00新台币。尽管目标价被下调，大摩仍维持对该股的“增持”(Overweight)评级。“与同业相比，台积电是更具吸引力的增持(OW)标的，按2025年预估市盈率仅15.5倍。”“增持”(Overweight)评级意味着摩根士丹利分析师预计，未来12至18个月台积电股票的总回报将超过其所覆盖股票的平均水平。将台积电列为“首选”表明，分析师认为其相较同行具有显著的潜在上行空间。此外，还有多家金融机构对台积电股价做出预期。Bernstein维持对台积电的“跑赢大市”(Outperform)评级，强调其在封装技术方面的进展是未来增长的战略资产。Stifel则调整了对台积电的预期，预计资本支出与扩产计划将放缓，因而下调目标价，此举反映出对终端需求和台积电激进扩张可能放缓的担忧。摩根大通同样下调了目标价，但维持“增持”评级，理由是预计2025年营收指引将作出调整。公司第二季度营收预计增长5-8%，但关税影响及全球经济放缓导致全年营收预期更趋谨慎。","news_type":1},"isVote":1,"tweetType":1,"viewCount":52,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":27,"optionInvolvedFlag":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/430998271934776"}
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