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ttm17396

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2021-06-15

That's great

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2021-06-14

In Lisa Su we trust! Great execution by AMD in datacenter.

AMD’s stock has been left behind, but not for long — here’s why<blockquote>AMD 的股票已经落后，但不会持续太久--原因如下</blockquote>

2021-06-14

Good news!

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2021-06-14

AMD too

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2021-06-14

Again?

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2021-06-14

surprising

What to Expect in This Week’s Federal Reserve Meeting<blockquote>本周美联储会议值得期待</blockquote>

2021-06-14

Renewable energy ftw

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2021-06-14

Buy?

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2021-06-14

Let's go PDD

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2021-06-14

Going up!

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2021-06-14

Agree.buy buy buy

Semiconductor Watchlist: Jim Cramer Says to Own Nvidia, AMD and Broadcom<blockquote>半导体观察名单：吉姆·克莱默表示将拥有英伟达、AMD 和博通</blockquote>

2021-06-14

To the moon. 400

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great","listText":"That's great","text":"That's great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/184176077","repostId":"1109202972","repostType":4,"isVote":1,"tweetType":1,"viewCount":3222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185729263,"gmtCreate":1623674455052,"gmtModify":1634030278595,"author":{"id":"3583669366978952","authorId":"3583669366978952","name":"ttm17396","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583669366978952","authorIdStr":"3583669366978952"},"themes":[],"title":"","htmlText":"In Lisa Su we trust! Great execution by AMD in datacenter.&nbsp;","listText":"In Lisa Su we trust! Great execution by AMD in datacenter.&nbsp;","text":"In Lisa Su we trust! Great execution by AMD in datacenter.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/185729263","repostId":"1163127718","repostType":4,"repost":{"id":"1163127718","kind":"news","pubTimestamp":1623640604,"share":"https://www.laohunote.com/m/news/1163127718?lang=zh_CN&edition=full","pubTime":"2021-06-14 11:16","market":"us","language":"en","title":"AMD’s stock has been left behind, but not for long — here’s why<blockquote>AMD 的股票已经落后，但不会持续太久--原因如下</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1163127718","media":"MarketWatch","summary":"Advanced Micro Devices has a slew of new cutting-edge products, not to mention a key acquisition, to","content":"<p>Advanced Micro Devices has a slew of new cutting-edge products, not to mention a key acquisition, to accelerate growth.</p><p><blockquote>Advanced Micro Devices 拥有一系列新的尖端产品，更不用说一项关键收购，以加速增长。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b46f527aa40d36fd2c1a5697760ca79d\" tg-width=\"1260\" tg-height=\"840\"><span>(GETTY IMAGES)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（盖蒂图片社）</span></p></blockquote></p><p> Technology as a sector still looks like a buy after a recent rebound, but&nbsp;one chip stock stands out in particular.</p><p><blockquote>在最近的反弹之后，科技股作为一个板块看起来仍然值得买入，但有一只芯片股尤为突出。</blockquote></p><p> While the iShares PHLX Semiconductor ETF&nbsp;and Nvidia Corp.NVDAhave recovered from their May swoons, Advanced Micro Devices Inc.&nbsp;hasn’t yet fully rebounded. This makes the stock look like one to own, even though it is up 517% since I last suggested itin February 2017, compared with gains of 80% for the S&amp;P 500&nbsp;and 140% for Nasdaq Composite Index.</p><p><blockquote>虽然 iShares PHLX 半导体 ETF 和 Nvidia Corp.NVDA 已经从 5 月份的低迷中恢复过来，但 Advanced Micro Devices Inc. 尚未完全反弹。这使得该股看起来像是一只值得拥有的股票，尽管自我上次在 2017 年 2 月提出建议以来，它已经上涨了 517%，而标普500指数上涨了 80%，纳斯达克综合指数上涨了 140%。</blockquote></p><p> Let’s take a look at why, and how AMD stacks up against competitors.</p><p><blockquote>让我们来看看为什么，以及 AMD 如何与竞争对手相比。</blockquote></p><p> <b>Key dynamics</b></p><p><blockquote><b>关键动态</b></blockquote></p><p> Advanced Micro Devices designs central processing units (CPUs) and graphics processing units (GPUs) used in data center servers, PCs and videogame consoles. That makes it a play on two of the biggest trends in tech right now — migration to the cloud and videogame hardware. Historically, the company lagged Intel Corp..But it has now surpassed its rival because of innovative chip designs and manufacturing issues at Intel.</p><p><blockquote>Advanced Micro Devices 设计用于数据中心服务器、PC 和视频游戏机的中央处理单元 (CPU) 和图形处理单元 (GPU)。这使得它迎合了目前技术的两个最大趋势——向云迁移和视频游戏硬件。从历史上看，该公司落后于英特尔公司..但由于英特尔的创新芯片设计和制造问题，它现在已经超过了竞争对手。</blockquote></p><p> Over the past few years, AMD has rolled out highly competitive lines of chips, thanks to the leadership of CEO Lisa Su, who took the helm in 2014, says tech analyst Peter Karazeris at Thrivent. This put AMD back in the game. AMD’s EPYC series of processors for servers has been endorsed by broad usage among the main cloud providers — including Amazon Inc.,Alphabet Inc.,Microsoft Corp.,Oracle Corp.&nbsp;and Tencent Holdings Ltd.AMD’s Radeon GPUs for gaming hardware and its Ryzen line of chips used in PCs and laptops are equally successful.</p><p><blockquote>Thrivent 科技分析师 Peter Karazeris 表示，在过去几年中，AMD 推出了极具竞争力的芯片系列，这要归功于 2014 年上任的首席执行官 Lisa Su 的领导。这让AMD重新回到了游戏中。AMD 用于服务器的 EPYC 系列处理器已被主要云提供商广泛使用，包括亚马逊公司、Alphabet 公司、微软公司、甲骨文公司和腾讯控股控股有限公司。</blockquote></p><p> Besides better chip design, AMD has pulled ahead by drawing on advanced manufacturing capabilities of Taiwan Semiconductor&nbsp;Manufacturing Co. Ltd.,which can pack more punch in chips through the use of smaller, 7 nanometer transistors. Intel is stuck back at 10 nanometers.</p><p><blockquote>除了更好的芯片设计，AMD还通过利用台积电有限公司的先进制造能力取得了领先，该公司可以通过使用更小的7纳米晶体管在芯片中注入更多的冲击力。英特尔停留在10纳米。</blockquote></p><p> Here’s the upshot in all of this: AMD is a solid play on the megatrend of cloud computing and the related data center buildout. It’s a bet on the increasing complexity of artificial intelligence and big data analytics. And its GPU chips give Nvidia a run for the money. That makes AMD a play on the new Xbox and Sony PlayStation console upgrade cycle and the potential release of a new Nintendo Switch later this year. AMD is also now a serious contender in PCs and notebooks.</p><p><blockquote>这一切的结果如下： AMD 是云计算和相关数据中心建设大趋势的坚实基础。这是对人工智能和大数据分析日益复杂性的押注。它的 GPU 芯片让 Nvidia 物有所值。这使得 AMD 参与了新的 Xbox 和索尼 PlayStation 游戏机升级周期，以及今年晚些时候可能发布的新任天堂 Switch。AMD现在也是个人电脑和笔记本电脑领域的有力竞争者。</blockquote></p><p> “Our goal at AMD is to really be the leader in the high-performance computing wave,” says Su.</p><p><blockquote>“我们在 AMD 的目标是真正成为高性能计算浪潮中的领导者，”Su 说。</blockquote></p><p> She’s getting her way, and you can see the success in the numbers. First-quarter sales grew 93% year-over-year and 6% sequentially. AMD guided for 50% sales growth for the year, up from prior guidance of 37% growth.</p><p><blockquote>她正在如鱼得水，你可以从数字中看到成功。第一季度销售额同比增长 93%，环比增长 6%。AMD 预计今年销售额增长 50%，高于之前 37% 的增长预期。</blockquote></p><p> “We believe this guidance should be easily attainable, particularly as Intel deals with manufacturing challenges,” says Morningstar analyst Abhinav Davuluri.</p><p><blockquote>“晨星公司分析师阿比纳夫-达武鲁里（Abhinav Davuluri）说：”我们相信，这一指导应该很容易实现，尤其是在英特尔应对制造挑战的时候。</blockquote></p><p> In CPUs, sales are growing faster than those of the overall industry, which tells us AMD is gaining share from competitors.</p><p><blockquote>在 CPU 方面，销量增长速度快于整个行业，这告诉我们 AMD 正在从竞争对手那里获得份额。</blockquote></p><p> “We expect continued share growth through the balance of the year and into 2022,” says Goldman Sachs analyst Toshiya Hari, who has a buy rating and a $106 price target on AMD. The chip company is on Goldman’s “conviction list” of highly favored companies.</p><p><blockquote>“高盛分析师 Toshiya Hari 表示：”我们预计今年剩余时间和 2022 年的股价将持续增长，他对 AMD 给予买入评级，目标价为 106 美元。这家芯片公司在高盛备受青睐的 “定罪名单 ”上。</blockquote></p><p> Here’s how AMD stacks up against competitors in terms of growth in the most recent quarter, profit margins and valuation:</p><p><blockquote>以下是 AMD 在最近一个季度的增长、利润率和估值方面与竞争对手的比较情况：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cc890546f0d4079834223660e88bc00d\" tg-width=\"1260\" tg-height=\"387\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Cash and cash flow</b></p><p><blockquote><b>现金及现金流量</b></blockquote></p><p> Big cash positions and solid cash flow are positives for investors because they give companies freedom that comes from reliance on banks for financing. Strong cash positions also support investor-friendly moves, such as buybacks and dividends.</p><p><blockquote>大量现金头寸和稳定的现金流对投资者来说是积极的，因为它们为公司提供了依赖银行融资的自由。强劲的现金头寸也支持有利于投资者的举措，例如回购和股息。</blockquote></p><p> Thanks to all the growth, AMD’s cash position rose sharply last year to $2.3 billion, from $1.5 billion in 2019. AMD doesn’t pay a dividend, but its board recently approved a large $4 billion share repurchase. As the company’s first big return of cash to shareholders, this represents about 4% of AMD’s market capitalization. It also signals the company’s confidence in its business and ability to continue generating solid free cash flow despite rising concerns about intensifying competition, says Deutsche Bank analyst Ross Seymore.</p><p><blockquote>得益于所有这些增长，AMD 去年的现金头寸从 2019 年的 15 亿美元大幅上升至 23 亿美元。AMD 不支付股息，但其董事会最近批准了一项价值 40 亿美元的大规模股票回购。作为该公司首次向股东返还巨额现金，约占 AMD 市值的 4%。德意志银行分析师罗斯-西莫尔（Ross Seymore）说，这也表明该公司对其业务充满信心，并有能力继续产生稳定的自由现金流，尽管人们越来越担心竞争加剧。</blockquote></p><p> Here’s a look at AMD’s cash position and cash flow&nbsp; growth, relative to competitors. The numbers for Marvell Technology Inc.&nbsp;are through Jan. 30, 2021. The rest are for the first quarter:</p><p><blockquote>以下是 AMD 相对于竞争对手的现金状况和现金流增长情况。Marvell Technology Inc.的数据截至2021年1月30日。其余的是第一季度：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/798ea9650ce6e4247ba91b6912e48a82\" tg-width=\"1260\" tg-height=\"453\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Global reach</b></p><p><blockquote><b>全球影响力</b></blockquote></p><p></p><p> AMD books sales in many regions. That’s a positive when global growth is as strong as it is now — lifted by $30 trillion in fiscal and monetary stimulus worldwide. Big exposure to China could be a risk because of U.S.-China tensions, but this issue seems to be diminishing a bit under President Biden, at least so far.</p><p><blockquote>AMD图书在许多地区的销售。在全球经济增长像现在这样强劲的情况下，这是一个积极因素--全球30万亿美元的财政和货币刺激措施推动了这一增长。由于美中关系紧张，大量接触中国可能是一种风险，但至少到目前为止，这个问题似乎在拜登总统的领导下有所减少。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/04e42a7c55f914ecd7ddb2cbf8562253\" tg-width=\"1259\" tg-height=\"772\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Stock valuation and performance</b></p><p><blockquote><b>股票估值和表现</b></blockquote></p><p> By most measures, AMD is the second-priciest stock in its group. But given the growth, it’s justified.</p><p><blockquote>从大多数标准来看，AMD 是同类产品中第二贵的股票。但考虑到增长情况，这是合理的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5b26407edc4248424b878d3024bb9ac2\" tg-width=\"1260\" tg-height=\"550\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Wall Street’s opinion</b></p><p><blockquote><b>华尔街观点</b></blockquote></p><p> As a group, Wall Street analysts are predicting the biggest gains for AMD, among all the companies in its space. It’s also notable that only 61% of analysts have a buy rating, lower than the percentages for Nvidia, Broadcom Inc.,Marvell and Analog Devices Inc..For investors, this is a positive because it tells us there’s more room for sell-side analysts to turn bullish and drive their clients into the name.</p><p><blockquote>作为一个集团，华尔街分析师预测 AMD 的涨幅将是该领域所有公司中最大的。值得注意的是，只有 61% 的分析师给予买入评级，低于英伟达、博通公司、Marvell 和 Analog Devices Inc..的比例。对投资者来说，这是一个积极因素，因为它告诉我们卖方分析师有更大的空间转向看涨，并推动他们的客户买入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/995f76673215ab81971fbc2e8ace0641\" tg-width=\"1260\" tg-height=\"551\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p> One big risk for AMD is that Intel stages a comeback, notes Tony Wang, a tech analyst at T. Rowe Price. Intel has done so before. But AMD still has a few tricks up its sleeve.</p><p><blockquote>T. Rowe Price 的科技分析师 Tony Wang 指出，AMD 面临的一大风险是英特尔卷土重来。英特尔以前也这样做过。但是AMD仍然有一些诀窍。</blockquote></p><p> It recently launched a more advanced version of its EPYC processor, codenamed Milan. This line of server chips will ramp up sales in the second half of this year. AMD is making the leap to even more efficient 5 nanometer production with a line of chips dubbed Genoa, slated for release in 2022. These two rollouts will allow AMD to continue its market-share gains against competitors including Intel, says Jefferies analyst Mark&nbsp;Lipacis — one reason he has a “buy” rating and a $110 price target on the stock.</p><p><blockquote>它最近推出了EPYC处理器的更高级版本，代号为Milan。该系列服务器芯片将在今年下半年增加销量。AMD 正在通过名为 Genoa 的芯片系列实现更高效的 5 纳米生产，预计将于 2022 年发布。杰富瑞（Jefferies）分析师马克-利帕西斯（Mark Lipacis）表示，这两款产品的推出将使 AMD 能够继续在与包括英特尔在内的竞争对手的市场份额增长--这也是他给予该股 “买入 ”评级和 110 美元目标价的原因之一。</blockquote></p><p> AMD is also rolling out next-generation GPUs based on its Compute DNA (CDNA)&nbsp;chip architecture, for use in data centers. And AMD’s merger with Xilinx Inc.&nbsp;later this year should help AMD produce even more sophisticated chips by incorporating Xilinx’s field-programmable gate array (FPGA) capabilities into its chip designs. FPGA gives customers more leeway to customize chips for their own needs.</p><p><blockquote>AMD 还推出了基于其计算 DNA (CDNA) 芯片架构的下一代 GPU，用于数据中心。今年晚些时候，AMD 与 Xilinx Inc. 将 Xilinx 的现场可编程门阵列 (FPGA) 功能融入其芯片设计中，从而帮助 AMD 生产出更复杂的芯片。FPGA为客户提供了更多的余地来根据自己的需求定制芯片。</blockquote></p><p> Other risks include the cyclical nature of the chip industry and the unpredictable demand from consumers and companies as economic growth rates change. One more threat is the broader adoption of competing chips based on ARM (advanced RISC machines) technology.</p><p><blockquote>其他风险包括芯片行业的周期性，以及随着经济增长率的变化，消费者和公司的需求不可预测。另一个威胁是基于ARM（先进RISC机器）技术的竞争芯片的更广泛采用。</blockquote></p><p> <b>Important dates</b></p><p><blockquote><b>重要日期</b></blockquote></p><p> <b>July 26:</b>Second-quarter earnings release.</p><p><blockquote><b>7月26日：</b>第二季度收益发布。</blockquote></p><p> <b>Oct. 25:</b>Third-quarter earnings release.</p><p><blockquote><b>10月25日：</b>第三季度收益发布。</blockquote></p><p></p>","source":"lsy1603348471595","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>AMD’s stock has been left behind, but not for long — here’s why<blockquote>AMD 的股票已经落后，但不会持续太久--原因如下</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nAMD’s stock has been left behind, but not for long — here’s why<blockquote>AMD 的股票已经落后，但不会持续太久--原因如下</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-06-14 11:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Advanced Micro Devices has a slew of new cutting-edge products, not to mention a key acquisition, to accelerate growth.</p><p><blockquote>Advanced Micro Devices 拥有一系列新的尖端产品，更不用说一项关键收购，以加速增长。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b46f527aa40d36fd2c1a5697760ca79d\" tg-width=\"1260\" tg-height=\"840\"><span>(GETTY IMAGES)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（盖蒂图片社）</span></p></blockquote></p><p> Technology as a sector still looks like a buy after a recent rebound, but&nbsp;one chip stock stands out in particular.</p><p><blockquote>在最近的反弹之后，科技股作为一个板块看起来仍然值得买入，但有一只芯片股尤为突出。</blockquote></p><p> While the iShares PHLX Semiconductor ETF&nbsp;and Nvidia Corp.NVDAhave recovered from their May swoons, Advanced Micro Devices Inc.&nbsp;hasn’t yet fully rebounded. This makes the stock look like one to own, even though it is up 517% since I last suggested itin February 2017, compared with gains of 80% for the S&amp;P 500&nbsp;and 140% for Nasdaq Composite Index.</p><p><blockquote>虽然 iShares PHLX 半导体 ETF 和 Nvidia Corp.NVDA 已经从 5 月份的低迷中恢复过来，但 Advanced Micro Devices Inc. 尚未完全反弹。这使得该股看起来像是一只值得拥有的股票，尽管自我上次在 2017 年 2 月提出建议以来，它已经上涨了 517%，而标普500指数上涨了 80%，纳斯达克综合指数上涨了 140%。</blockquote></p><p> Let’s take a look at why, and how AMD stacks up against competitors.</p><p><blockquote>让我们来看看为什么，以及 AMD 如何与竞争对手相比。</blockquote></p><p> <b>Key dynamics</b></p><p><blockquote><b>关键动态</b></blockquote></p><p> Advanced Micro Devices designs central processing units (CPUs) and graphics processing units (GPUs) used in data center servers, PCs and videogame consoles. That makes it a play on two of the biggest trends in tech right now — migration to the cloud and videogame hardware. Historically, the company lagged Intel Corp..But it has now surpassed its rival because of innovative chip designs and manufacturing issues at Intel.</p><p><blockquote>Advanced Micro Devices 设计用于数据中心服务器、PC 和视频游戏机的中央处理单元 (CPU) 和图形处理单元 (GPU)。这使得它迎合了目前技术的两个最大趋势——向云迁移和视频游戏硬件。从历史上看，该公司落后于英特尔公司..但由于英特尔的创新芯片设计和制造问题，它现在已经超过了竞争对手。</blockquote></p><p> Over the past few years, AMD has rolled out highly competitive lines of chips, thanks to the leadership of CEO Lisa Su, who took the helm in 2014, says tech analyst Peter Karazeris at Thrivent. This put AMD back in the game. AMD’s EPYC series of processors for servers has been endorsed by broad usage among the main cloud providers — including Amazon Inc.,Alphabet Inc.,Microsoft Corp.,Oracle Corp.&nbsp;and Tencent Holdings Ltd.AMD’s Radeon GPUs for gaming hardware and its Ryzen line of chips used in PCs and laptops are equally successful.</p><p><blockquote>Thrivent 科技分析师 Peter Karazeris 表示，在过去几年中，AMD 推出了极具竞争力的芯片系列，这要归功于 2014 年上任的首席执行官 Lisa Su 的领导。这让AMD重新回到了游戏中。AMD 用于服务器的 EPYC 系列处理器已被主要云提供商广泛使用，包括亚马逊公司、Alphabet 公司、微软公司、甲骨文公司和腾讯控股控股有限公司。</blockquote></p><p> Besides better chip design, AMD has pulled ahead by drawing on advanced manufacturing capabilities of Taiwan Semiconductor&nbsp;Manufacturing Co. Ltd.,which can pack more punch in chips through the use of smaller, 7 nanometer transistors. Intel is stuck back at 10 nanometers.</p><p><blockquote>除了更好的芯片设计，AMD还通过利用台积电有限公司的先进制造能力取得了领先，该公司可以通过使用更小的7纳米晶体管在芯片中注入更多的冲击力。英特尔停留在10纳米。</blockquote></p><p> Here’s the upshot in all of this: AMD is a solid play on the megatrend of cloud computing and the related data center buildout. It’s a bet on the increasing complexity of artificial intelligence and big data analytics. And its GPU chips give Nvidia a run for the money. That makes AMD a play on the new Xbox and Sony PlayStation console upgrade cycle and the potential release of a new Nintendo Switch later this year. AMD is also now a serious contender in PCs and notebooks.</p><p><blockquote>这一切的结果如下： AMD 是云计算和相关数据中心建设大趋势的坚实基础。这是对人工智能和大数据分析日益复杂性的押注。它的 GPU 芯片让 Nvidia 物有所值。这使得 AMD 参与了新的 Xbox 和索尼 PlayStation 游戏机升级周期，以及今年晚些时候可能发布的新任天堂 Switch。AMD现在也是个人电脑和笔记本电脑领域的有力竞争者。</blockquote></p><p> “Our goal at AMD is to really be the leader in the high-performance computing wave,” says Su.</p><p><blockquote>“我们在 AMD 的目标是真正成为高性能计算浪潮中的领导者，”Su 说。</blockquote></p><p> She’s getting her way, and you can see the success in the numbers. First-quarter sales grew 93% year-over-year and 6% sequentially. AMD guided for 50% sales growth for the year, up from prior guidance of 37% growth.</p><p><blockquote>她正在如鱼得水，你可以从数字中看到成功。第一季度销售额同比增长 93%，环比增长 6%。AMD 预计今年销售额增长 50%，高于之前 37% 的增长预期。</blockquote></p><p> “We believe this guidance should be easily attainable, particularly as Intel deals with manufacturing challenges,” says Morningstar analyst Abhinav Davuluri.</p><p><blockquote>“晨星公司分析师阿比纳夫-达武鲁里（Abhinav Davuluri）说：”我们相信，这一指导应该很容易实现，尤其是在英特尔应对制造挑战的时候。</blockquote></p><p> In CPUs, sales are growing faster than those of the overall industry, which tells us AMD is gaining share from competitors.</p><p><blockquote>在 CPU 方面，销量增长速度快于整个行业，这告诉我们 AMD 正在从竞争对手那里获得份额。</blockquote></p><p> “We expect continued share growth through the balance of the year and into 2022,” says Goldman Sachs analyst Toshiya Hari, who has a buy rating and a $106 price target on AMD. The chip company is on Goldman’s “conviction list” of highly favored companies.</p><p><blockquote>“高盛分析师 Toshiya Hari 表示：”我们预计今年剩余时间和 2022 年的股价将持续增长，他对 AMD 给予买入评级，目标价为 106 美元。这家芯片公司在高盛备受青睐的 “定罪名单 ”上。</blockquote></p><p> Here’s how AMD stacks up against competitors in terms of growth in the most recent quarter, profit margins and valuation:</p><p><blockquote>以下是 AMD 在最近一个季度的增长、利润率和估值方面与竞争对手的比较情况：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cc890546f0d4079834223660e88bc00d\" tg-width=\"1260\" tg-height=\"387\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Cash and cash flow</b></p><p><blockquote><b>现金及现金流量</b></blockquote></p><p> Big cash positions and solid cash flow are positives for investors because they give companies freedom that comes from reliance on banks for financing. Strong cash positions also support investor-friendly moves, such as buybacks and dividends.</p><p><blockquote>大量现金头寸和稳定的现金流对投资者来说是积极的，因为它们为公司提供了依赖银行融资的自由。强劲的现金头寸也支持有利于投资者的举措，例如回购和股息。</blockquote></p><p> Thanks to all the growth, AMD’s cash position rose sharply last year to $2.3 billion, from $1.5 billion in 2019. AMD doesn’t pay a dividend, but its board recently approved a large $4 billion share repurchase. As the company’s first big return of cash to shareholders, this represents about 4% of AMD’s market capitalization. It also signals the company’s confidence in its business and ability to continue generating solid free cash flow despite rising concerns about intensifying competition, says Deutsche Bank analyst Ross Seymore.</p><p><blockquote>得益于所有这些增长，AMD 去年的现金头寸从 2019 年的 15 亿美元大幅上升至 23 亿美元。AMD 不支付股息，但其董事会最近批准了一项价值 40 亿美元的大规模股票回购。作为该公司首次向股东返还巨额现金，约占 AMD 市值的 4%。德意志银行分析师罗斯-西莫尔（Ross Seymore）说，这也表明该公司对其业务充满信心，并有能力继续产生稳定的自由现金流，尽管人们越来越担心竞争加剧。</blockquote></p><p> Here’s a look at AMD’s cash position and cash flow&nbsp; growth, relative to competitors. The numbers for Marvell Technology Inc.&nbsp;are through Jan. 30, 2021. The rest are for the first quarter:</p><p><blockquote>以下是 AMD 相对于竞争对手的现金状况和现金流增长情况。Marvell Technology Inc.的数据截至2021年1月30日。其余的是第一季度：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/798ea9650ce6e4247ba91b6912e48a82\" tg-width=\"1260\" tg-height=\"453\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Global reach</b></p><p><blockquote><b>全球影响力</b></blockquote></p><p></p><p> AMD books sales in many regions. That’s a positive when global growth is as strong as it is now — lifted by $30 trillion in fiscal and monetary stimulus worldwide. Big exposure to China could be a risk because of U.S.-China tensions, but this issue seems to be diminishing a bit under President Biden, at least so far.</p><p><blockquote>AMD图书在许多地区的销售。在全球经济增长像现在这样强劲的情况下，这是一个积极因素--全球30万亿美元的财政和货币刺激措施推动了这一增长。由于美中关系紧张，大量接触中国可能是一种风险，但至少到目前为止，这个问题似乎在拜登总统的领导下有所减少。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/04e42a7c55f914ecd7ddb2cbf8562253\" tg-width=\"1259\" tg-height=\"772\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Stock valuation and performance</b></p><p><blockquote><b>股票估值和表现</b></blockquote></p><p> By most measures, AMD is the second-priciest stock in its group. But given the growth, it’s justified.</p><p><blockquote>从大多数标准来看，AMD 是同类产品中第二贵的股票。但考虑到增长情况，这是合理的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5b26407edc4248424b878d3024bb9ac2\" tg-width=\"1260\" tg-height=\"550\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Wall Street’s opinion</b></p><p><blockquote><b>华尔街观点</b></blockquote></p><p> As a group, Wall Street analysts are predicting the biggest gains for AMD, among all the companies in its space. It’s also notable that only 61% of analysts have a buy rating, lower than the percentages for Nvidia, Broadcom Inc.,Marvell and Analog Devices Inc..For investors, this is a positive because it tells us there’s more room for sell-side analysts to turn bullish and drive their clients into the name.</p><p><blockquote>作为一个集团，华尔街分析师预测 AMD 的涨幅将是该领域所有公司中最大的。值得注意的是，只有 61% 的分析师给予买入评级，低于英伟达、博通公司、Marvell 和 Analog Devices Inc..的比例。对投资者来说，这是一个积极因素，因为它告诉我们卖方分析师有更大的空间转向看涨，并推动他们的客户买入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/995f76673215ab81971fbc2e8ace0641\" tg-width=\"1260\" tg-height=\"551\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p> One big risk for AMD is that Intel stages a comeback, notes Tony Wang, a tech analyst at T. Rowe Price. Intel has done so before. But AMD still has a few tricks up its sleeve.</p><p><blockquote>T. Rowe Price 的科技分析师 Tony Wang 指出，AMD 面临的一大风险是英特尔卷土重来。英特尔以前也这样做过。但是AMD仍然有一些诀窍。</blockquote></p><p> It recently launched a more advanced version of its EPYC processor, codenamed Milan. This line of server chips will ramp up sales in the second half of this year. AMD is making the leap to even more efficient 5 nanometer production with a line of chips dubbed Genoa, slated for release in 2022. These two rollouts will allow AMD to continue its market-share gains against competitors including Intel, says Jefferies analyst Mark&nbsp;Lipacis — one reason he has a “buy” rating and a $110 price target on the stock.</p><p><blockquote>它最近推出了EPYC处理器的更高级版本，代号为Milan。该系列服务器芯片将在今年下半年增加销量。AMD 正在通过名为 Genoa 的芯片系列实现更高效的 5 纳米生产，预计将于 2022 年发布。杰富瑞（Jefferies）分析师马克-利帕西斯（Mark Lipacis）表示，这两款产品的推出将使 AMD 能够继续在与包括英特尔在内的竞争对手的市场份额增长--这也是他给予该股 “买入 ”评级和 110 美元目标价的原因之一。</blockquote></p><p> AMD is also rolling out next-generation GPUs based on its Compute DNA (CDNA)&nbsp;chip architecture, for use in data centers. And AMD’s merger with Xilinx Inc.&nbsp;later this year should help AMD produce even more sophisticated chips by incorporating Xilinx’s field-programmable gate array (FPGA) capabilities into its chip designs. FPGA gives customers more leeway to customize chips for their own needs.</p><p><blockquote>AMD 还推出了基于其计算 DNA (CDNA) 芯片架构的下一代 GPU，用于数据中心。今年晚些时候，AMD 与 Xilinx Inc. 将 Xilinx 的现场可编程门阵列 (FPGA) 功能融入其芯片设计中，从而帮助 AMD 生产出更复杂的芯片。FPGA为客户提供了更多的余地来根据自己的需求定制芯片。</blockquote></p><p> Other risks include the cyclical nature of the chip industry and the unpredictable demand from consumers and companies as economic growth rates change. One more threat is the broader adoption of competing chips based on ARM (advanced RISC machines) technology.</p><p><blockquote>其他风险包括芯片行业的周期性，以及随着经济增长率的变化，消费者和公司的需求不可预测。另一个威胁是基于ARM（先进RISC机器）技术的竞争芯片的更广泛采用。</blockquote></p><p> <b>Important dates</b></p><p><blockquote><b>重要日期</b></blockquote></p><p> <b>July 26:</b>Second-quarter earnings release.</p><p><blockquote><b>7月26日：</b>第二季度收益发布。</blockquote></p><p> <b>Oct. 25:</b>Third-quarter earnings release.</p><p><blockquote><b>10月25日：</b>第三季度收益发布。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/amds-stock-has-been-left-behind-but-not-for-long-heres-why-11623343634?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司"},"source_url":"https://www.marketwatch.com/story/amds-stock-has-been-left-behind-but-not-for-long-heres-why-11623343634?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163127718","content_text":"Advanced Micro Devices has a slew of new cutting-edge products, not to mention a key acquisition, to accelerate growth.\n(GETTY IMAGES)\nTechnology as a sector still looks like a buy after a recent rebound, but one chip stock stands out in particular.\nWhile the iShares PHLX Semiconductor ETF and Nvidia Corp.NVDAhave recovered from their May swoons, Advanced Micro Devices Inc. hasn’t yet fully rebounded. This makes the stock look like one to own, even though it is up 517% since I last suggested itin February 2017, compared with gains of 80% for the S&P 500 and 140% for Nasdaq Composite Index.\nLet’s take a look at why, and how AMD stacks up against competitors.\nKey dynamics\nAdvanced Micro Devices designs central processing units (CPUs) and graphics processing units (GPUs) used in data center servers, PCs and videogame consoles. That makes it a play on two of the biggest trends in tech right now — migration to the cloud and videogame hardware. Historically, the company lagged Intel Corp..But it has now surpassed its rival because of innovative chip designs and manufacturing issues at Intel.\nOver the past few years, AMD has rolled out highly competitive lines of chips, thanks to the leadership of CEO Lisa Su, who took the helm in 2014, says tech analyst Peter Karazeris at Thrivent. This put AMD back in the game. AMD’s EPYC series of processors for servers has been endorsed by broad usage among the main cloud providers — including Amazon Inc.,Alphabet Inc.,Microsoft Corp.,Oracle Corp. and Tencent Holdings Ltd.AMD’s Radeon GPUs for gaming hardware and its Ryzen line of chips used in PCs and laptops are equally successful.\nBesides better chip design, AMD has pulled ahead by drawing on advanced manufacturing capabilities of Taiwan Semiconductor Manufacturing Co. Ltd.,which can pack more punch in chips through the use of smaller, 7 nanometer transistors. Intel is stuck back at 10 nanometers.\nHere’s the upshot in all of this: AMD is a solid play on the megatrend of cloud computing and the related data center buildout. It’s a bet on the increasing complexity of artificial intelligence and big data analytics. And its GPU chips give Nvidia a run for the money. That makes AMD a play on the new Xbox and Sony PlayStation console upgrade cycle and the potential release of a new Nintendo Switch later this year. AMD is also now a serious contender in PCs and notebooks.\n“Our goal at AMD is to really be the leader in the high-performance computing wave,” says Su.\nShe’s getting her way, and you can see the success in the numbers. First-quarter sales grew 93% year-over-year and 6% sequentially. AMD guided for 50% sales growth for the year, up from prior guidance of 37% growth.\n“We believe this guidance should be easily attainable, particularly as Intel deals with manufacturing challenges,” says Morningstar analyst Abhinav Davuluri.\nIn CPUs, sales are growing faster than those of the overall industry, which tells us AMD is gaining share from competitors.\n“We expect continued share growth through the balance of the year and into 2022,” says Goldman Sachs analyst Toshiya Hari, who has a buy rating and a $106 price target on AMD. The chip company is on Goldman’s “conviction list” of highly favored companies.\nHere’s how AMD stacks up against competitors in terms of growth in the most recent quarter, profit margins and valuation:\n(FACTSET)\nCash and cash flow\nBig cash positions and solid cash flow are positives for investors because they give companies freedom that comes from reliance on banks for financing. Strong cash positions also support investor-friendly moves, such as buybacks and dividends.\nThanks to all the growth, AMD’s cash position rose sharply last year to $2.3 billion, from $1.5 billion in 2019. AMD doesn’t pay a dividend, but its board recently approved a large $4 billion share repurchase. As the company’s first big return of cash to shareholders, this represents about 4% of AMD’s market capitalization. It also signals the company’s confidence in its business and ability to continue generating solid free cash flow despite rising concerns about intensifying competition, says Deutsche Bank analyst Ross Seymore.\nHere’s a look at AMD’s cash position and cash flow  growth, relative to competitors. The numbers for Marvell Technology Inc. are through Jan. 30, 2021. The rest are for the first quarter:\n(FACTSET)\nGlobal reach\nAMD books sales in many regions. That’s a positive when global growth is as strong as it is now — lifted by $30 trillion in fiscal and monetary stimulus worldwide. Big exposure to China could be a risk because of U.S.-China tensions, but this issue seems to be diminishing a bit under President Biden, at least so far.\n(FACTSET)\nStock valuation and performance\nBy most measures, AMD is the second-priciest stock in its group. But given the growth, it’s justified.\n(FACTSET)\nWall Street’s opinion\nAs a group, Wall Street analysts are predicting the biggest gains for AMD, among all the companies in its space. It’s also notable that only 61% of analysts have a buy rating, lower than the percentages for Nvidia, Broadcom Inc.,Marvell and Analog Devices Inc..For investors, this is a positive because it tells us there’s more room for sell-side analysts to turn bullish and drive their clients into the name.\n(FACTSET)\nRisks\nOne big risk for AMD is that Intel stages a comeback, notes Tony Wang, a tech analyst at T. Rowe Price. Intel has done so before. But AMD still has a few tricks up its sleeve.\nIt recently launched a more advanced version of its EPYC processor, codenamed Milan. This line of server chips will ramp up sales in the second half of this year. AMD is making the leap to even more efficient 5 nanometer production with a line of chips dubbed Genoa, slated for release in 2022. These two rollouts will allow AMD to continue its market-share gains against competitors including Intel, says Jefferies analyst Mark Lipacis — one reason he has a “buy” rating and a $110 price target on the stock.\nAMD is also rolling out next-generation GPUs based on its Compute DNA (CDNA) chip architecture, for use in data centers. And AMD’s merger with Xilinx Inc. later this year should help AMD produce even more sophisticated chips by incorporating Xilinx’s field-programmable gate array (FPGA) capabilities into its chip designs. FPGA gives customers more leeway to customize chips for their own needs.\nOther risks include the cyclical nature of the chip industry and the unpredictable demand from consumers and companies as economic growth rates change. One more threat is the broader adoption of competing chips based on ARM (advanced RISC machines) technology.\nImportant dates\nJuly 26:Second-quarter earnings release.\nOct. 25:Third-quarter earnings release.","news_type":1,"symbols_score_info":{"AMD":0.9}},"isVote":1,"tweetType":1,"viewCount":3105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185765822,"gmtCreate":1623674258466,"gmtModify":1634030282087,"author":{"id":"3583669366978952","authorId":"3583669366978952","name":"ttm17396","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583669366978952","authorIdStr":"3583669366978952"},"themes":[],"title":"","htmlText":"Good news!&nbsp;","listText":"Good news!&nbsp;","text":"Good news!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/185765822","repostId":"1106104418","repostType":4,"isVote":1,"tweetType":1,"viewCount":2642,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185786173,"gmtCreate":1623673660192,"gmtModify":1634030291569,"author":{"id":"3583669366978952","authorId":"3583669366978952","name":"ttm17396","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583669366978952","authorIdStr":"3583669366978952"},"themes":[],"title":"","htmlText":"AMD too","listText":"AMD too","text":"AMD too","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/185786173","repostId":"1165811803","repostType":4,"isVote":1,"tweetType":1,"viewCount":3704,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185789581,"gmtCreate":1623673503343,"gmtModify":1634030294185,"author":{"id":"3583669366978952","authorId":"3583669366978952","name":"ttm17396","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583669366978952","authorIdStr":"3583669366978952"},"themes":[],"title":"","htmlText":"Again?","listText":"Again?","text":"Again?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/185789581","repostId":"2143778219","repostType":4,"isVote":1,"tweetType":1,"viewCount":2949,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185789968,"gmtCreate":1623673456854,"gmtModify":1634030294770,"author":{"id":"3583669366978952","authorId":"3583669366978952","name":"ttm17396","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583669366978952","authorIdStr":"3583669366978952"},"themes":[],"title":"","htmlText":"surprising","listText":"surprising","text":"surprising","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/185789968","repostId":"1138219989","repostType":2,"repost":{"id":"1138219989","kind":"news","pubTimestamp":1623650085,"share":"https://www.laohunote.com/m/news/1138219989?lang=zh_CN&edition=full","pubTime":"2021-06-14 13:54","market":"us","language":"en","title":"What to Expect in This Week’s Federal Reserve Meeting<blockquote>本周美联储会议值得期待</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1138219989","media":"Barrons","summary":"As the Federal Open Market Committee holds its regular policy meeting this coming week, once again a","content":"<p>As the Federal Open Market Committee holds its regular policy meeting this coming week, once again analysts and investors should flip the Nixon-era cliché and watch what they say, not what they do. What everybody wants to know is whether the panel finally has gotten around to talking about talking about moving away from its ubereasy monetary policy.</p><p><blockquote>随着联邦公开市场委员会下周召开定期政策会议，分析师和投资者应该再次颠覆尼克松时代的陈词滥调，关注他们所说的，而不是他们所做的。每个人都想知道的是，该小组是否最终开始谈论放弃其超级宽松的货币政策。</blockquote></p><p> We all know that the FOMC won’t take any substantive steps in terms of its massive securities purchases, which are still running at $120 billion a month. As for its key federal-funds rate target, that’s stuck at 0% to 0.25% (although there’s an outside chance of technical tweaking of some other Fed-administered rates to address the billions in excess cash sloshing around in the money markets).</p><p><blockquote>我们都知道，联邦公开市场委员会（FOMC）不会在其大规模证券购买方面采取任何实质性措施，而这些证券购买仍在以每月1200亿美元的速度进行。至于其主要的联邦基金利率目标，则停留在 0% 至 0.25%（尽管美联储管理的其他一些利率有可能进行技术性调整，以解决货币市场上数十亿美元的过剩现金问题）。</blockquote></p><p> We’ll be looking for what’s in the FOMC’s formal policy statement and the panel’s updated Summary of Economic Projections, which will include the amalgam of the committee members’ guesses on key economic gauges, such as gross domestic product, inflation, and unemployment. Most likely, when that is posted&nbsp;on the Fed’s website&nbsp;at 2 p.m. Eastern Daylight Time on Wednesday, most folks will probably head straight for the FOMC’s guesses on the fed-funds rate, and specifically when liftoff from near-zero is finally expected.</p><p><blockquote>我们将关注联邦公开市场委员会的正式政策声明和该小组最新的经济预测摘要，其中将包括委员会成员对国内生产总值、通货膨胀和失业率等关键经济指标的猜测。最有可能的是，当美联储网站于美国东部时间周三下午 2 点公布这一消息时，大多数人可能会直奔联邦公开市场委员会对联邦基金利率的猜测，特别是何时最终有望从接近于零的水平回升。</blockquote></p><p> The “dot plot”—or graph of the FOMC members’ consensus guesses—puts the first hike all the way out past 2023. That seems a very long-term forecast, and as John Maynard Keynes famously pointed out, in the long run we’re all dead. Some Fed watchers, such as J.P. Morgan’s chief U.S. economist, Michael Feroli, look for the dots to show a 2023 liftoff.</p><p><blockquote>“点阵图”--或联邦公开市场委员会成员一致猜测的图表--将首次加息一直推迟到 2023 年之后。这似乎是一个非常长期的预测，正如约翰-梅纳德-凯恩斯（John Maynard Keynes）的名言，从长远来看，我们都死了。摩根大通（J.P. Morgan）首席美国经济学家迈克尔-费罗利（Michael Feroli）等一些美联储观察家认为，美联储将在2023年有所回升。</blockquote></p><p> The markets, however, already had been pricing in one or more fed-funds rate hikes by 2023. But concurrent with the previously discussed slide in longer-term bond yields, the interest-rate futures markets have effectively priced out one of those short-term rate increases. In addition, the derivatives market now sees the fed-funds rate peaking under 2%, some 0.4 of a percentage point lower than what it had priced in earlier this year, according to analysts for&nbsp;Natixis.</p><p><blockquote>然而，市场已经预计到 2023 年联邦基金将加息一次或多次。但在之前讨论的长期债券收益率下滑的同时，利率期货市场实际上已经将其中一次短期加息定价。此外，据 Natixis 分析师称，衍生品市场目前联邦基金利率峰值低于 2%，比今年早些时候的定价低约 0.4 个百分点。</blockquote></p><p> Long before making any rate hikes, the Fed will begin to lessen its accommodation by slowing its current pace of securities purchases, which consist of $80 billion of Treasuries and $40 billion of agency mortgage-backed securities every month. The trillions that the Federal Reserve and other central banks have created have gone a long way to boost the values of assets, which rose by $5 trillion, to $136.9 trillion, in the first quarter, according to new Fed data released this past week. That includes a $3.2 trillion rise in the value of equities owned by households and a $968 billion rise in their real estate holdings.</p><p><blockquote>早在加息之前，美联储就会开始通过放缓目前的证券购买步伐来减少宽松，其中包括每月 800 亿美元的国债和 400 亿美元的机构抵押贷款支持证券。根据美联储上周发布的新数据，美联储和其他央行创造的数万亿美元对第一季度资产价值的提升大有帮助，资产价值增加了5万亿美元，达到136.9万亿美元。其中包括家庭持有的股票价值增加 3.2 万亿美元，家庭持有的房地产增加 9,680 亿美元。</blockquote></p><p> The key criterion for reduced Fed accommodation is whether the monetary authorities see “substantial further progress” toward reaching what they deem as maximum employment, probably a deliberately ambiguous standard.</p><p><blockquote>美联储减少宽松政策的关键标准是货币当局是否认为在实现他们认为的最大就业方面取得了 “实质性的进一步进展”，这可能是一个故意模糊的标准。</blockquote></p><p> But the increase in payrolls appears to be constrained as much by the supply of labor as businesses’ desire to hire. The latest Job Openings and Labor Turnover Survey, or Jolts, showed&nbsp;a record 9.3 million unfilled openings&nbsp;in April. In addition, 384,000 people left their positions that month, bringing the total of voluntary job quitters to a record four million.</p><p><blockquote>但就业人数的增长似乎既受到劳动力供应的制约，也受到企业招聘意愿的制约。最新的职位空缺和劳动力流动调查（Jolts）显示，4月份有创纪录的930万个职位空缺。此外，当月有384,000人离职，使自愿离职的总人数达到创纪录的400万。</blockquote></p><p> Anecdotal evidence, including some in the Fed’s beige book summary of economic conditions prepared for the coming meeting, suggests that employers aren’t finding enough workers because of generous unemployment compensation. Unusual for a social science such as economics, there will be a real-time experiment to test this hypothesis as 25 states end the extra $300 weekly payment early.</p><p><blockquote>一些轶事证据，包括美联储为即将召开的会议准备的褐皮书《经济状况摘要》中的一些轶事证据，表明由于丰厚的失业救济金，雇主找不到足够的工人。对于经济学等社会科学来说，这是不寻常的，随着 25 个州提前结束每周额外 300 美元的付款，将会有一个实时实验来检验这一假设。</blockquote></p><p> Jefferies economists Aneta Markowska and Thomas Simons write in a research note that these 25 states account for about a quarter of all the unemployed workers. Ending their extra jobless benefits could boost employment by roughly two million in the next few months, they estimate. Another growth spurt should follow in September and October after the extra unemployment insurance expires in the remaining states; schools reopen—providing free daycare for some would-be workers, especially women; and many office employees return to their desks, they add.</p><p><blockquote>杰富瑞经济学家Aneta Markowska和Thomas Simons在一份研究报告中写道，这25个州约占所有失业工人的四分之一。他们估计，结束额外的失业救济金可能会在未来几个月内增加大约200万人的就业机会。在其余州的额外失业保险到期后，9月和10月应该会出现另一次增长激增；学校重新开放——为一些未来的工人，尤其是妇女提供免费日托；他们补充说，许多上班族回到了办公桌前。</blockquote></p><p> At that point, the Fed might start talking about actually reducing its massive securities purchases. Given the “taper tantrum” thrown by the markets when the central bank slowed its bond buying in 2013, this Fed will want to disclose how, when, and how fast it plans to slow its pour into the punch bowl. That’s what we’ll be listening for this week.</p><p><blockquote>到那时，美联储可能会开始谈论实际减少其大规模证券购买。鉴于美联储在 2013 年放缓债券购买速度时市场掀起了 “缩减债券狂潮”，本届美联储将希望披露其计划如何、何时以及以多快的速度放缓向潘趣酒碗中注入债券。这就是我们本周将收听的内容。</blockquote></p><p></p>","source":"lsy1601382232898","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>What to Expect in This Week’s Federal Reserve Meeting<blockquote>本周美联储会议值得期待</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nWhat to Expect in This Week’s Federal Reserve Meeting<blockquote>本周美联储会议值得期待</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-06-14 13:54</span>\n</p>\n</h4>\n</header>\n<article>\n<p>As the Federal Open Market Committee holds its regular policy meeting this coming week, once again analysts and investors should flip the Nixon-era cliché and watch what they say, not what they do. What everybody wants to know is whether the panel finally has gotten around to talking about talking about moving away from its ubereasy monetary policy.</p><p><blockquote>随着联邦公开市场委员会下周召开定期政策会议，分析师和投资者应该再次颠覆尼克松时代的陈词滥调，关注他们所说的，而不是他们所做的。每个人都想知道的是，该小组是否最终开始谈论放弃其超级宽松的货币政策。</blockquote></p><p> We all know that the FOMC won’t take any substantive steps in terms of its massive securities purchases, which are still running at $120 billion a month. As for its key federal-funds rate target, that’s stuck at 0% to 0.25% (although there’s an outside chance of technical tweaking of some other Fed-administered rates to address the billions in excess cash sloshing around in the money markets).</p><p><blockquote>我们都知道，联邦公开市场委员会（FOMC）不会在其大规模证券购买方面采取任何实质性措施，而这些证券购买仍在以每月1200亿美元的速度进行。至于其主要的联邦基金利率目标，则停留在 0% 至 0.25%（尽管美联储管理的其他一些利率有可能进行技术性调整，以解决货币市场上数十亿美元的过剩现金问题）。</blockquote></p><p> We’ll be looking for what’s in the FOMC’s formal policy statement and the panel’s updated Summary of Economic Projections, which will include the amalgam of the committee members’ guesses on key economic gauges, such as gross domestic product, inflation, and unemployment. Most likely, when that is posted&nbsp;on the Fed’s website&nbsp;at 2 p.m. Eastern Daylight Time on Wednesday, most folks will probably head straight for the FOMC’s guesses on the fed-funds rate, and specifically when liftoff from near-zero is finally expected.</p><p><blockquote>我们将关注联邦公开市场委员会的正式政策声明和该小组最新的经济预测摘要，其中将包括委员会成员对国内生产总值、通货膨胀和失业率等关键经济指标的猜测。最有可能的是，当美联储网站于美国东部时间周三下午 2 点公布这一消息时，大多数人可能会直奔联邦公开市场委员会对联邦基金利率的猜测，特别是何时最终有望从接近于零的水平回升。</blockquote></p><p> The “dot plot”—or graph of the FOMC members’ consensus guesses—puts the first hike all the way out past 2023. That seems a very long-term forecast, and as John Maynard Keynes famously pointed out, in the long run we’re all dead. Some Fed watchers, such as J.P. Morgan’s chief U.S. economist, Michael Feroli, look for the dots to show a 2023 liftoff.</p><p><blockquote>“点阵图”--或联邦公开市场委员会成员一致猜测的图表--将首次加息一直推迟到 2023 年之后。这似乎是一个非常长期的预测，正如约翰-梅纳德-凯恩斯（John Maynard Keynes）的名言，从长远来看，我们都死了。摩根大通（J.P. Morgan）首席美国经济学家迈克尔-费罗利（Michael Feroli）等一些美联储观察家认为，美联储将在2023年有所回升。</blockquote></p><p> The markets, however, already had been pricing in one or more fed-funds rate hikes by 2023. But concurrent with the previously discussed slide in longer-term bond yields, the interest-rate futures markets have effectively priced out one of those short-term rate increases. In addition, the derivatives market now sees the fed-funds rate peaking under 2%, some 0.4 of a percentage point lower than what it had priced in earlier this year, according to analysts for&nbsp;Natixis.</p><p><blockquote>然而，市场已经预计到 2023 年联邦基金将加息一次或多次。但在之前讨论的长期债券收益率下滑的同时，利率期货市场实际上已经将其中一次短期加息定价。此外，据 Natixis 分析师称，衍生品市场目前联邦基金利率峰值低于 2%，比今年早些时候的定价低约 0.4 个百分点。</blockquote></p><p> Long before making any rate hikes, the Fed will begin to lessen its accommodation by slowing its current pace of securities purchases, which consist of $80 billion of Treasuries and $40 billion of agency mortgage-backed securities every month. The trillions that the Federal Reserve and other central banks have created have gone a long way to boost the values of assets, which rose by $5 trillion, to $136.9 trillion, in the first quarter, according to new Fed data released this past week. That includes a $3.2 trillion rise in the value of equities owned by households and a $968 billion rise in their real estate holdings.</p><p><blockquote>早在加息之前，美联储就会开始通过放缓目前的证券购买步伐来减少宽松，其中包括每月 800 亿美元的国债和 400 亿美元的机构抵押贷款支持证券。根据美联储上周发布的新数据，美联储和其他央行创造的数万亿美元对第一季度资产价值的提升大有帮助，资产价值增加了5万亿美元，达到136.9万亿美元。其中包括家庭持有的股票价值增加 3.2 万亿美元，家庭持有的房地产增加 9,680 亿美元。</blockquote></p><p> The key criterion for reduced Fed accommodation is whether the monetary authorities see “substantial further progress” toward reaching what they deem as maximum employment, probably a deliberately ambiguous standard.</p><p><blockquote>美联储减少宽松政策的关键标准是货币当局是否认为在实现他们认为的最大就业方面取得了 “实质性的进一步进展”，这可能是一个故意模糊的标准。</blockquote></p><p> But the increase in payrolls appears to be constrained as much by the supply of labor as businesses’ desire to hire. The latest Job Openings and Labor Turnover Survey, or Jolts, showed&nbsp;a record 9.3 million unfilled openings&nbsp;in April. In addition, 384,000 people left their positions that month, bringing the total of voluntary job quitters to a record four million.</p><p><blockquote>但就业人数的增长似乎既受到劳动力供应的制约，也受到企业招聘意愿的制约。最新的职位空缺和劳动力流动调查（Jolts）显示，4月份有创纪录的930万个职位空缺。此外，当月有384,000人离职，使自愿离职的总人数达到创纪录的400万。</blockquote></p><p> Anecdotal evidence, including some in the Fed’s beige book summary of economic conditions prepared for the coming meeting, suggests that employers aren’t finding enough workers because of generous unemployment compensation. Unusual for a social science such as economics, there will be a real-time experiment to test this hypothesis as 25 states end the extra $300 weekly payment early.</p><p><blockquote>一些轶事证据，包括美联储为即将召开的会议准备的褐皮书《经济状况摘要》中的一些轶事证据，表明由于丰厚的失业救济金，雇主找不到足够的工人。对于经济学等社会科学来说，这是不寻常的，随着 25 个州提前结束每周额外 300 美元的付款，将会有一个实时实验来检验这一假设。</blockquote></p><p> Jefferies economists Aneta Markowska and Thomas Simons write in a research note that these 25 states account for about a quarter of all the unemployed workers. Ending their extra jobless benefits could boost employment by roughly two million in the next few months, they estimate. Another growth spurt should follow in September and October after the extra unemployment insurance expires in the remaining states; schools reopen—providing free daycare for some would-be workers, especially women; and many office employees return to their desks, they add.</p><p><blockquote>杰富瑞经济学家Aneta Markowska和Thomas Simons在一份研究报告中写道，这25个州约占所有失业工人的四分之一。他们估计，结束额外的失业救济金可能会在未来几个月内增加大约200万人的就业机会。在其余州的额外失业保险到期后，9月和10月应该会出现另一次增长激增；学校重新开放——为一些未来的工人，尤其是妇女提供免费日托；他们补充说，许多上班族回到了办公桌前。</blockquote></p><p> At that point, the Fed might start talking about actually reducing its massive securities purchases. Given the “taper tantrum” thrown by the markets when the central bank slowed its bond buying in 2013, this Fed will want to disclose how, when, and how fast it plans to slow its pour into the punch bowl. That’s what we’ll be listening for this week.</p><p><blockquote>到那时，美联储可能会开始谈论实际减少其大规模证券购买。鉴于美联储在 2013 年放缓债券购买速度时市场掀起了 “缩减债券狂潮”，本届美联储将希望披露其计划如何、何时以及以多快的速度放缓向潘趣酒碗中注入债券。这就是我们本周将收听的内容。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/what-to-expect-in-next-weeks-federal-reserve-meeting-51623457837?mod=RTA\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/what-to-expect-in-next-weeks-federal-reserve-meeting-51623457837?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138219989","content_text":"As the Federal Open Market Committee holds its regular policy meeting this coming week, once again analysts and investors should flip the Nixon-era cliché and watch what they say, not what they do. What everybody wants to know is whether the panel finally has gotten around to talking about talking about moving away from its ubereasy monetary policy.\nWe all know that the FOMC won’t take any substantive steps in terms of its massive securities purchases, which are still running at $120 billion a month. As for its key federal-funds rate target, that’s stuck at 0% to 0.25% (although there’s an outside chance of technical tweaking of some other Fed-administered rates to address the billions in excess cash sloshing around in the money markets).\nWe’ll be looking for what’s in the FOMC’s formal policy statement and the panel’s updated Summary of Economic Projections, which will include the amalgam of the committee members’ guesses on key economic gauges, such as gross domestic product, inflation, and unemployment. Most likely, when that is posted on the Fed’s website at 2 p.m. Eastern Daylight Time on Wednesday, most folks will probably head straight for the FOMC’s guesses on the fed-funds rate, and specifically when liftoff from near-zero is finally expected.\nThe “dot plot”—or graph of the FOMC members’ consensus guesses—puts the first hike all the way out past 2023. That seems a very long-term forecast, and as John Maynard Keynes famously pointed out, in the long run we’re all dead. Some Fed watchers, such as J.P. Morgan’s chief U.S. economist, Michael Feroli, look for the dots to show a 2023 liftoff.\nThe markets, however, already had been pricing in one or more fed-funds rate hikes by 2023. But concurrent with the previously discussed slide in longer-term bond yields, the interest-rate futures markets have effectively priced out one of those short-term rate increases. In addition, the derivatives market now sees the fed-funds rate peaking under 2%, some 0.4 of a percentage point lower than what it had priced in earlier this year, according to analysts for Natixis.\nLong before making any rate hikes, the Fed will begin to lessen its accommodation by slowing its current pace of securities purchases, which consist of $80 billion of Treasuries and $40 billion of agency mortgage-backed securities every month. The trillions that the Federal Reserve and other central banks have created have gone a long way to boost the values of assets, which rose by $5 trillion, to $136.9 trillion, in the first quarter, according to new Fed data released this past week. That includes a $3.2 trillion rise in the value of equities owned by households and a $968 billion rise in their real estate holdings.\nThe key criterion for reduced Fed accommodation is whether the monetary authorities see “substantial further progress” toward reaching what they deem as maximum employment, probably a deliberately ambiguous standard.\nBut the increase in payrolls appears to be constrained as much by the supply of labor as businesses’ desire to hire. The latest Job Openings and Labor Turnover Survey, or Jolts, showed a record 9.3 million unfilled openings in April. In addition, 384,000 people left their positions that month, bringing the total of voluntary job quitters to a record four million.\nAnecdotal evidence, including some in the Fed’s beige book summary of economic conditions prepared for the coming meeting, suggests that employers aren’t finding enough workers because of generous unemployment compensation. Unusual for a social science such as economics, there will be a real-time experiment to test this hypothesis as 25 states end the extra $300 weekly payment early.\nJefferies economists Aneta Markowska and Thomas Simons write in a research note that these 25 states account for about a quarter of all the unemployed workers. Ending their extra jobless benefits could boost employment by roughly two million in the next few months, they estimate. Another growth spurt should follow in September and October after the extra unemployment insurance expires in the remaining states; schools reopen—providing free daycare for some would-be workers, especially women; and many office employees return to their desks, they add.\nAt that point, the Fed might start talking about actually reducing its massive securities purchases. Given the “taper tantrum” thrown by the markets when the central bank slowed its bond buying in 2013, this Fed will want to disclose how, when, and how fast it plans to slow its pour into the punch bowl. That’s what we’ll be listening for this week.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2446,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185715493,"gmtCreate":1623673287412,"gmtModify":1631889809203,"author":{"id":"3583669366978952","authorId":"3583669366978952","name":"ttm17396","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583669366978952","authorIdStr":"3583669366978952"},"themes":[],"title":"","htmlText":"Renewable&nbsp;energy ftw","listText":"Renewable&nbsp;energy ftw","text":"Renewable energy ftw","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/185715493","repostId":"2143857187","repostType":2,"isVote":1,"tweetType":1,"viewCount":2039,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185712477,"gmtCreate":1623673209499,"gmtModify":1634030298536,"author":{"id":"3583669366978952","authorId":"3583669366978952","name":"ttm17396","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583669366978952","authorIdStr":"3583669366978952"},"themes":[],"title":"","htmlText":"Buy?","listText":"Buy?","text":"Buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/185712477","repostId":"1110538556","repostType":2,"isVote":1,"tweetType":1,"viewCount":3723,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185716439,"gmtCreate":1623673178121,"gmtModify":1634030299367,"author":{"id":"3583669366978952","authorId":"3583669366978952","name":"ttm17396","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583669366978952","authorIdStr":"3583669366978952"},"themes":[],"title":"","htmlText":"Let's go PDD","listText":"Let's go PDD","text":"Let's go PDD","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/185716439","repostId":"2140422463","repostType":2,"isVote":1,"tweetType":1,"viewCount":3309,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185716817,"gmtCreate":1623673160539,"gmtModify":1634030299853,"author":{"id":"3583669366978952","authorId":"3583669366978952","name":"ttm17396","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583669366978952","authorIdStr":"3583669366978952"},"themes":[],"title":"","htmlText":"Going up!","listText":"Going up!","text":"Going up!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/185716817","repostId":"1174294980","repostType":2,"isVote":1,"tweetType":1,"viewCount":2292,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185711208,"gmtCreate":1623673069604,"gmtModify":1634030301414,"author":{"id":"3583669366978952","authorId":"3583669366978952","name":"ttm17396","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583669366978952","authorIdStr":"3583669366978952"},"themes":[],"title":"","htmlText":"Agree.buy buy buy","listText":"Agree.buy buy buy","text":"Agree.buy buy buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/185711208","repostId":"1163875762","repostType":2,"repost":{"id":"1163875762","kind":"news","pubTimestamp":1623242261,"share":"https://www.laohunote.com/m/news/1163875762?lang=zh_CN&edition=full","pubTime":"2021-06-09 20:37","market":"us","language":"en","title":"Semiconductor Watchlist: Jim Cramer Says to Own Nvidia, AMD and Broadcom<blockquote>半导体观察名单：吉姆·克莱默表示将拥有英伟达、AMD 和博通</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1163875762","media":"The Street","summary":"See buy or sell recommendations for AMD, Applied Materials, Qualcomm, NXP, Broadcom, Taiwan Semicond","content":"<p>  <b>See buy or sell recommendations for AMD, Applied Materials, Qualcomm, NXP, Broadcom, Taiwan Semiconductor, and more semiconductor stocks.</b>  China's memory chip makers are pushing into the lower end of the market even as the country faces an increasingly steep uphill battle to achieve its self-sufficiency goals amid ongoing geopolitical tensions and a global semiconductor shortage that's expected to run into next year,according to South China Morning Post.</p><p><blockquote><b>查看 AMD、应用材料、高通、恩智浦、博通、台积电和更多半导体股票的买入或卖出建议。</b>据《南华早报》报道， 尽管在持续的地缘政治紧张局势和预计将持续到明年的全球半导体短缺的情况下， 中国的存储芯片制造商正在挤入市场的低端， 尽管中国在实现自给自足目标方面面临着越来越艰难的艰苦战斗。</blockquote></p><p> Yangtze YTMC and Changxin Memory Technologies represent a new disruptive force in the sector and are expected to increase global capacity by 29 percent between 2020 and 2022, economists from investment bank Natixis said on Wednesday.</p><p><blockquote>投资银行 Natixis 的经济学家周三表示，长江 YTMC 和长鑫存储技术代表了该行业新的颠覆性力量，预计在 2020 年至 2022 年间将全球产能增加 29%。</blockquote></p><p> TheStreet's Jim Cramer is eyeing Applied Materials&nbsp;(<b>AMAT</b>) -Get Report&nbsp;and other semiconductor capital equipment stocks. \"They haven't let us down,\"Cramer said&nbsp;in a conversation with TheStreet's Katherine Ross. \"When you get that group going, that's the best leadership group there is,\" he added.</p><p><blockquote>TheStreet 的 Jim Cramer 正在关注应用材料（<b>非常</b>)-获取报告和其他半导体资本设备股票。“他们没有让我们失望，”克莱默在与《TheStreet》的凯瑟琳·罗斯的谈话中说道。“当你让这个团队运转起来时，这就是最好的领导团队，”他补充道。</blockquote></p><p> Cramer also said Monday that the key to the market for him is still the Nasdaq. \"We need to see Advanced Micro Devices&nbsp;(<b>AMD</b>) -Get Report&nbsp;not get beaten down by Nvidia&nbsp;(<b>NVDA</b>) -Get Report... We need to see all sorts of technology stocks keep up with what I regard as a runaway industrial market,\" he said.</p><p><blockquote>克莱默周一还表示，对他来说，市场的关键仍然是纳斯达克。“我们需要看到先进的微设备（<b>AMD</b>）-获取报告而不是被Nvidia打败（<b>NVDA</b>)-获取报告……我们需要看到各种科技股跟上我认为失控的工业市场，”他说。</blockquote></p><p> Nvidia is still dominating the semiconductor market. And in terms of diversifying, Nvidia CEO Jensen Huang’s acquisition strategy has helped the firm branch into the automotive industry through high-profile partnerships through its NVIDIA drive network as well as data centers, aided by the acquisition of Mellanox, as well as AI technology through its anticipated takeover of Arm.</p><p><blockquote>英伟达仍然主导着半导体市场。在多元化方面，英伟达首席执行官黄仁勋的收购战略帮助该公司通过其英伟达驱动器网络和数据中心建立高调的合作伙伴关系，在收购 Mellanox 的帮助下，以及通过预期收购 Arm 的人工智能技术，进军汽车行业。</blockquote></p><p> While the semiconductor industry is certainly crowded, Nvidia has managed to set itself apart beyond its firm base in gaming and graphic chip dominance. As such, it might also be a perfect candidate for mention alongside the long-time tech leaders. Also, its market cap is a healthy $400+ billion, adding to its potential to fit with the rest of the group,according to TheStreet's Kevin Curran.</p><p><blockquote>虽然半导体行业确实很拥挤，但英伟达已经设法超越了其在游戏和图形芯片主导地位的坚实基础，脱颖而出。因此，它也可能是与长期科技领导者一起被提及的完美候选人。此外，据 TheStreet 的凯文·柯伦 (Kevin Curran) 称，其市值已超过 4000 亿美元，这增加了其与集团其他公司接轨的潜力。</blockquote></p><p> Nvidia is also among companies that have noted a degree of uncertainty in predicting the impact ofcryptocurrency mining on near-term sales.</p><p><blockquote>英伟达也是在预测加密货币挖矿对近期销售的影响时注意到一定程度的不确定性的公司之一。</blockquote></p><p> \"It's hard to estimate exactly how much and where crypto mining is being done. However, we can only assume that the vast majority of it is contributed by professional miners, especially when the amount of mining increases tremendously like it has,\" CEO Jensen Huang told investors on a conference call this past week.</p><p><blockquote>“很难准确估计加密货币挖矿的数量和地点。然而，我们只能假设其中绝大多数是由专业矿工贡献的，尤其是当挖矿量像现在这样大幅增加时，”首席执行官黄仁勋上周在电话会议上告诉投资者。</blockquote></p><p> TheStreet's Jim Cramer noted in his dailyAction Alerts Plus rundownthis past week that while Nvidia has performed well and itsrecent 4-for-1 stock splitmakes sense, the link betweencryptocurrency mining and Nvidia’s performanceis not necessarily that strong.</p><p><blockquote>TheStreet 的吉姆-克莱默（Jim Cramer）在过去一周的每日行动警报和摘要中指出，虽然 Nvidia 的表现不错，最近 4 比 1 的股票分割也合情合理，但加密货币挖矿与 Nvidia 业绩之间的联系并不一定那么紧密。</blockquote></p><p> Nvidia has submitted an application to Chinese competition regulators to review its proposed $40 billion takeover of the U.K. chip designer Arm, according to the Financial Times. The chip company announced the deal about eight months ago and said it expects to close the deal by next March.</p><p><blockquote>据英国《金融时报》报道，英伟达已向中国竞争监管机构提交申请，要求审查其以 400 亿美元收购英国芯片设计公司 Arm 的提议。这家芯片公司大约八个月前宣布了这笔交易，并表示预计将在明年3月之前完成这笔交易。</blockquote></p><p> Nvidia's application was made in recent weeks and sets in</p><p><blockquote>Nvidia 的申请是在最近几周提出的，并将于</blockquote></p><p> motion a period of scrutiny that could take up to 18 months, according to Chinese antitrust lawyers, the Financial Times reported. In February,U.S. federal regulators opened an investigation into Nvidia's agreement to purchase Arm.</p><p><blockquote>据英国《金融时报》报道，中国反垄断律师表示，动议进行长达 18 个月的审查。二月份，美国联邦监管机构对英伟达收购 Arm 的协议展开调查。</blockquote></p><p> Meanwhile,&nbsp;Broadcom&nbsp;(<b>AVGO</b>) -Get Report&nbsp;issued a bullish fiscal-third quarter revenue outlook and topped estimates in the second quarter onstrong demand for the company's semiconductors.</p><p><blockquote>与此同时，博通（<b>阿夫戈</b>) -Get Report 发布了乐观的第三财季收入前景，并由于公司半导体需求强劲，第二季度收入超出预期。</blockquote></p><p> The company said it expects third-quarter revenue of about $6.75 billion, higher than expectations of $6.6 billion. In addition, the company estimated adjusted EBITDA would 60% of projected revenue, or about $4.05 billion, above estimates of $3.88 billion.</p><p><blockquote>该公司表示，预计第三季度营收约为67.5亿美元，高于预期的66亿美元。此外，该公司预计调整后 EBITDA 将占预计收入的 60%，即约 40.5 亿美元，高于预期的 38.8 亿美元。</blockquote></p><p> “Due to the strength in demand for semiconductors across our multiple end markets, we delivered 20% year-over-year</p><p><blockquote>“由于我们多个终端市场对半导体的强劲需求，我们实现了 20% 的同比增长。</blockquote></p><p> increase in semiconductor revenue,” said CEO Hock Tan.</p><p><blockquote>半导体收入的增长，”首席执行官Hock Tan说。</blockquote></p><p> “Our third-quarter outlook projects this year-over-year growth to sustain, as we continue to see strong demand from service providers and hypercloud.”</p><p><blockquote>“我们对第三季度的展望预计同比增长将持续，因为我们将继续看到服务提供商和超级云的强劲需求。”</blockquote></p><p> Cramer is watching the semiconductor capital equipment stocks closely, which he said: \"had let us down.\" \"There was a belief that there was a glut of certain kinds of chips,\" he added.</p><p><blockquote>克莱默正在密切关注半导体资本设备股，他表示：“这让我们失望了。”“人们认为某些类型的芯片过剩，”他补充道。</blockquote></p><p> \"And even though a lot of people were worried about the supply of chips, a lot of the smartest people were saying, listen, get out of the semiconductor-capital stocks and there isn't a glut. There is a glut developing of a certain kind and Applied Materials kind of straightened that out.\"</p><p><blockquote>“尽管很多人担心芯片的供应，但很多最聪明的人都在说，听着，摆脱半导体资本股，并不存在过剩。某种类型的开发存在过剩，应用材料有点纠正了这一点。”</blockquote></p><p> Here is a list of the semiconductor stocks to watch and their performance by percentage change at the close of trading on Tuesday, June 8:</p><p><blockquote>以下是 6 月 8 日星期二收盘时值得关注的半导体股票及其表现百分比变化列表：</blockquote></p><p> <b>Nvidia</b></p><p><blockquote><b>英伟达</b></blockquote></p><p></p><p> Large-cap tech stock Nvidia&nbsp;(<b>NVDA</b>) -Get Report&nbsp;is cruising higher. The company's stock rose afterthe semiconductor makerreported fiscal-first-quarter earnings and revenue that topped analyst expectations. Nvidia reported quarterly earnings of $3.66 a share on revenue of $5.66 billion. Analysts were expecting earnings of $3.29 a share on revenue of $5.4 billion.</p><p><blockquote>大型科技股英伟达（<b>NVDA</b>)-获取报告正在更高的位置。这家半导体制造商公布第一财季盈利和收入超出分析师预期后，该公司股价上涨。英伟达公布季度收益为每股 3.66 美元，营收为 56.6 亿美元。分析师预计每股收益为 3.29 美元，营收为 54 亿美元。</blockquote></p><p> Joel Kulina, SVP of Equity Trading at Wedbush Securities,&nbsp;argues for the addition of both Microsoft&nbsp;(<b>MSFT</b>) -Get Report&nbsp;and his chosen semiconductor stalwart Nvidia&nbsp;to result in the catchy FANGMAN,wrote TheStreet's Kevin Curran.&nbsp;“FANGMAN has been one of the better ones I’ve come across, easy to say; includes large-cap growth names across various pockets of tech.”</p><p><blockquote>Wedbush Securities 股票交易高级副总裁 Joel Kulina 主张增加这两种微软（<b>微软</b>TheStreet 的凯文-柯伦（Kevin Curran）写道：“Get Report 和他选择的半导体巨头英伟达（Nvidia）将创造出引人注目的 FANGMAN。” “FANGMAN 是我见过的最好的公司之一，说起来容易，包括各个科技领域的大盘股成长公司。</blockquote></p><p> Nvidia would fit in well as its dominance in graphics chips has helped the firm assert a dominant market share in graphics cards, clocking in at a whopping 82% market share per Jon Peddie Research.</p><p><blockquote>Nvidia 很适合，因为其在图形芯片领域的主导地位帮助该公司在显卡领域占据了主导地位，根据 Jon Peddie Research 的数据，其市场份额高达 82%。</blockquote></p><p> TheStreet Quant Ratings rates Nvidiaas a Buy with a rating score of B.</p><p><blockquote>The Street Quant Ratings 将 Nvidia 评为买入，评级为 B。</blockquote></p><p> <b>Applied Materials</b></p><p><blockquote><b>应用材料</b></blockquote></p><p> Jim Cramer recently named chip equipment&nbsp;major Applied Materials&nbsp;(<b>AMAT</b>) -Get Report&nbsp;asone of the stocks that got away.</p><p><blockquote>Jim Cramer最近将芯片设备命名为主要应用材料（<b>非常</b>) -获取逃跑股票的报告。</blockquote></p><p> He called out the bull market in semiconductor equipment. We need to make more chips, he said, and companies like Applied Materials&nbsp;can make that happen.</p><p><blockquote>他喊出了半导体设备的牛市。他说，我们需要制造更多芯片，而像应用材料公司这样的公司可以实现这一点。</blockquote></p><p> The&nbsp;semiconductor equipment major&nbsp;reported mixed fiscal-second-quarter earnings and received a number of positive reviews and price-target upgrades from Wall Street analysts.</p><p><blockquote>这家半导体设备巨头公布的第二财季收益好坏参半，并获得了华尔街分析师的大量正面评价和目标价上调。</blockquote></p><p> TheStreet Quant Ratings rates Applied Materialsas a Buy with a rating score of A-.</p><p><blockquote>Street Quant Ratings 将 Applied Materials 评为买入，评级分为 A-。</blockquote></p><p> <b>Qualcomm</b></p><p><blockquote><b>高通</b></blockquote></p><p> Shares of Qualcomm&nbsp;(<b>QCOM</b>) -Get Report&nbsp;and other Apple&nbsp;(<b>AAPL</b>) -Get Report&nbsp;suppliers were dropping after a media report said Apple's 5G baseband chip could be used in the iPhone as soon as 2023.</p><p><blockquote>高通股份（<b>QCOM</b>)-获取报告和其他苹果(<b>苹果</b>) - 媒体报道称苹果 5G 基带芯片最早可能在 2023 年用于 iPhone 后，供应商纷纷下降。</blockquote></p><p> AppleInsider cited TF International Securities analyst Ming-Chi Kuo as the person making its prediction. Kuo seesQualcomm having to change its strategyto combat order losses from Apple.</p><p><blockquote>AppleInsider 援引天风国际证券分析师郭明𫓹的话说，做出了这一预测。郭认为高通必须改变其战略，以应对来自苹果的订单损失。</blockquote></p><p> Jim Cramer recently said investors should\"own Qualcomm stock.\"</p><p><blockquote>吉姆·克莱默最近表示，投资者应该“拥有高通股票”。</blockquote></p><p> TheStreet Quant Ratings rates Qualcommas a Buy with a rating score of B+.</p><p><blockquote>TheStreet Quant Ratings 给予高通买入评级为 B+。</blockquote></p><p> <b>NXP Semiconductors</b></p><p><blockquote><b>恩智浦半导体</b></blockquote></p><p> NXP Semiconductors&nbsp;(<b>NXPI</b>) -Get Report&nbsp;swung to a stronger-than-expected first-quarter profit from a year-earlier loss on 27% higher revenue.</p><p><blockquote>恩智浦半导体（<b>恩智浦</b>) -Get 报告第一季度利润从去年同期亏损转为强于预期，收入增长 27%。</blockquote></p><p> The Eindhoven, Netherlands, chipmaker reported that it earned $1.25 a share compared with a loss of 8 cents a share in the year-earlier quarter. Revenue reached $2.57 billion from $2.02 billion.</p><p><blockquote>这家总部位于荷兰埃因霍温的芯片制造商报告称，其每股收益为 1.25 美元，而去年同期每股亏损 8 美分。收入从 20.2 亿美元达到 25.7 亿美元。</blockquote></p><p> TheStreet Quant Ratings rates NXP Semiconductorsas a Buy with a rating score of B.</p><p><blockquote>The Street Quant Ratings 将恩智浦半导体评为买入，评级为 B。</blockquote></p><p> <b>Advanced Micro Devices</b></p><p><blockquote><b>先进微器件</b></blockquote></p><p> Advanced Micro Devices&nbsp;(<b>AMD</b>) -Get Report&nbsp;was higher this past week after Benchmark initiatedcoverage of the chipmakerwith a buy rating and $100 price target.</p><p><blockquote>先进微器件（<b>AMD</b>) - 在 Benchmark 开始对这家芯片制造商给予买入评级和 100 美元目标价后，Get 报告上周走高。</blockquote></p><p> Analyst Cody Acree said he expected \"the firm’s leadership to continue to drive share gains for at least the next few years.\"</p><p><blockquote>分析师科迪-阿克里（Cody Acree）表示，他预计 “该公司的领导层至少在未来几年内将继续推动股价上涨”。</blockquote></p><p> TheStreet Quant Ratings rates AMDas a Buy with a rating score of B.</p><p><blockquote>TheStreet Quant Ratings 将 AMDas 评为买入，评级为 B。</blockquote></p><p> <b>Taiwan Semiconductor Manufacturing</b></p><p><blockquote><b>台积电</b></blockquote></p><p> Cramer recently said&nbsp;that if investors think chips are truly in short supply and we need capital equipment, then the company they most need is Lam Research(<b>LRCX</b>) -Get Report, other than Taiwan Semiconductor Manufacturing(<b>TSM</b>) -Get Report.</p><p><blockquote>克莱默最近表示，如果投资者认为芯片真的供不应求，我们需要资本设备，那么他们最需要的公司就是Lam Research（<b>LRCX</b>）-获取报告，台积电除外（<b>TSM</b>)-获取报告。</blockquote></p><p> Cramer spoke recently aboutpicking stocks against a broad worldview, and Taiwan Semiconductors was discussed.</p><p><blockquote>克莱默最近谈到了根据广阔的世界观挑选股票，并讨论了台积电。</blockquote></p><p> \"For me, I'm particularly concerned about the Chinese making a move on Taiwan. We're squeezing their critical companies to the de facto takeover of Taiwan Semiconductor.I don't want inflation to be so raging that Jay Powell can't engineer a soft landing,\" Cramer said.</p><p><blockquote>“对我来说，我特别担心中国人在台湾采取行动。我们正在挤压他们的关键公司事实上收购台积电。我不希望通货膨胀如此严重，以至于杰伊·鲍威尔无法设计软着陆，”克莱默说。</blockquote></p><p> TheStreet Quant Ratings rates TSMas a Buy with a rating score of A.</p><p><blockquote>TheStreet Quant Ratings 将 TSMA 评为买入，评级分为 A。</blockquote></p><p> <b>Micron Technology</b></p><p><blockquote><b>美光科技</b></blockquote></p><p> Micron Technology&nbsp;(<b>MU</b>) -Get Report&nbsp;recently announced the successful closing of nearly$3.7 billion inaugural sustainability-linked credit facilities.</p><p><blockquote>美光科技（<b>穆</b>) -Get Report 最近宣布成功关闭近 37 亿美元的首批可持续发展相关信贷额度。</blockquote></p><p> The facilities, which create additional long-term value for Micron's stakeholders, reinforce the company's commitment to sustainability and 2030 environmental goals.</p><p><blockquote>这些设施为美光的利益相关者创造了额外的长期价值，强化了公司对可持续发展和 2030 年环境目标的承诺。</blockquote></p><p> TheStreet Quant Ratings rates Micronas a Buy with a rating score of B.</p><p><blockquote>TheStreet Quant Ratings 将 Micronas 评为买入，评级为 B。</blockquote></p><p> <b>Broadcom</b></p><p><blockquote><b>博通</b></blockquote></p><p> Broadcom&nbsp;(<b>AVGO</b>) -Get Report&nbsp;has performed quite well over the past year, up about 55% in that span. However, the stock has been relatively stagnant so far in 2021, up just 6%.</p><p><blockquote>博通（<b>阿夫戈</b>) -Get Report 在过去一年中表现相当不错，在此期间增长了约 55%。然而，2021年迄今为止，该股一直相对停滞，仅上涨6%。</blockquote></p><p> From early November to mid-February, Broadcom really found its groove. Shares rallied more than 40% in that span as the chipmaker saw its stock glide higher. While Broadcom topped out around the time that other high-growth stocks did, it didn’t suffer the same fate as those caught in theensuing bear market.</p><p><blockquote>从11月初到2月中旬，博通真正找到了自己的最佳状态。随着这家芯片制造商的股价走高，其股价在此期间上涨了 40% 以上。虽然博通与其他高增长股票在同一时间见顶，但它并没有遭受与随后熊市中陷入困境的股票相同的命运。</blockquote></p><p></p><p> \"This is a high-multiple stock that has people spooked. I own it for my charitable trust and you should, too.\" Cramer recently said of Broadcomduring a Mad Money Lightning Round.</p><p><blockquote>“这是一只让人们感到害怕的高市盈率股票。我持有它是为了我的慈善信托基金，你也应该持有它。”克莱默最近在疯狂金钱闪电回合中谈到了博通。</blockquote></p><p> TheStreet Quant Ratings rates Broadcomas a Buy with a rating score of B.</p><p><blockquote>The Street Quant Ratings 将 Broadcom 评为买入，评级为 B。</blockquote></p><p> <b>Intel</b></p><p><blockquote><b>英特尔</b></blockquote></p><p> Analyst Cody Acree said in a research note that AMD's management, led by Chief Executive Lisa Su, \"has developed a base processor architecture (Zen), and its generational improvements, that have proven over the last few years to be highly competitive - and often superior - to Intel’s&nbsp;(<b>INTC</b>) -Get Report&nbsp;designs, particularly with AMD using Taiwan Semiconductor’s&nbsp;most advanced commercial volume lithography process.\"</p><p><blockquote>分析师科迪·阿克里（Cody Acree）在一份研究报告中表示，以首席执行官苏丽莎（Lisa Su）为首的AMD管理层“开发了一种基本处理器架构（Zen）及其代际改进，在过去几年中，这些架构已被证明极具竞争力，而且往往优于英特尔（<b>国际电联</b>) -获取报告设计，特别是 AMD 使用台积电最先进的商业体积光刻工艺。”</blockquote></p><p> In January Su unveiled theRyzen 5000 Zen 3series, a new generation of mobile and desktop gaming chips.</p><p><blockquote>今年1月，苏推出了新一代移动和桌面游戏芯片theRyzen 5000 Zen 3系列。</blockquote></p><p> \"While Intel has struggled to respond with a trump architectural offering, its biggest challenge ... has been that Intel mismanaged its pace of bleeding-end manufacturing technology, leaving the company at a disadvantage to the leading foundry providers,\" Acree said.</p><p><blockquote>阿克里表示：“虽然英特尔一直在努力应对特朗普架构产品，但其最大的挑战……是英特尔对其高端制造技术的步伐管理不善，导致该公司相对于领先的代工供应商处于劣势。”</blockquote></p><p> With Intel somewhat handcuffed, the analyst added, \"AMD has been able to capitalize on the opportunity and has been gaining broad market share over the past few years.\"</p><p><blockquote>这位分析师补充道，由于英特尔有些束缚，“AMD 能够利用这个机会，并在过去几年中获得了广泛的市场份额。”</blockquote></p><p> Intel, despite what the company keeps saying, is nowhere, according to Cramer. \"Yes, it bothers me right now that the stock is down a buck. Yes! It's killing me! And Intel keeps saying that they're going to pass AMD any minute. That's nonsense,\" Cramer said.</p><p><blockquote>克莱默表示，尽管英特尔一直在说什么，但它却无处可去。“是的，现在股价下跌一美元让我很困扰。是的!这让我很难过!英特尔一直说他们随时都会超过 AMD。这是无稽之谈，”克莱默说。</blockquote></p><p> TheStreet Quant Ratings rates Intelas a Buy with a rating score of A-.</p><p><blockquote>TheStreet Quant Ratings 将 Intelas 评为买入，评级为 A-。</blockquote></p><p> <b>Texas Instruments</b></p><p><blockquote><b>德州仪器</b></blockquote></p><p> Chipmaker Texas Instruments&nbsp;(<b>TXN</b>) -Get Report&nbsp;reported first-quarter revenue and earnings that topped analyst estimates, as well as strong second-quarter guidance.</p><p><blockquote>芯片制造商德州仪器（<b>TXN</b>) -Get Report 报告的第一季度收入和盈利超出了分析师的预期，以及强劲的第二季度指引。</blockquote></p><p> The company reported first-quarter revenue of $4.29 billionvs. the analyst consensus of $4.00 billion, while adjusted earnings came in at $1.87 per share versus consensus estimates for $1.58 per share. Operating income for the quarter was $1.94 billion vs. consensus estimates of $1.71 billion.</p><p><blockquote>该公司公布第一季度营收为 42.9 亿美元。分析师普遍预期为 40 亿美元，调整后每股收益为 1.87 美元，而普遍预期为每股 1.58 美元。本季度经营利润为 19.4 亿美元，而市场普遍预期为 17.1 亿美元。</blockquote></p><p> TheStreet Quant Ratings rates Texas Instrumentsas a Buy with a rating score of A.</p><p><blockquote>TheStreet Quant Ratings 将德州仪器评为买入，评级分为 A。</blockquote></p><p> <i>AMD, Broadcom, and Nvidia are key holdings inJim Cramer'sAction Alerts PLUS charitable trust.Want to be alerted before Jim Cramer buys or sells any stock?Learn more from Cramer and his membership team now.</i></p><p><blockquote><i>AMD、博通和英伟达是inJim Cramer的行动警报和慈善信托的主要控股公司。想在吉姆·克莱默买卖任何股票之前收到提醒吗？现在就向克莱默和他的会员团队了解更多信息。</i></blockquote></p><p></p>","source":"lsy1610613172068","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>Semiconductor Watchlist: Jim Cramer Says to Own Nvidia, AMD and Broadcom<blockquote>半导体观察名单：吉姆·克莱默表示将拥有英伟达、AMD 和博通</blockquote></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; 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}\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: 12.5px; color: #7E829C; margin: 0;}\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\">\nSemiconductor Watchlist: Jim Cramer Says to Own Nvidia, AMD and Broadcom<blockquote>半导体观察名单：吉姆·克莱默表示将拥有英伟达、AMD 和博通</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Street</strong><span class=\"h-time small\">2021-06-09 20:37</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>See buy or sell recommendations for AMD, Applied Materials, Qualcomm, NXP, Broadcom, Taiwan Semiconductor, and more semiconductor stocks.</b>  China's memory chip makers are pushing into the lower end of the market even as the country faces an increasingly steep uphill battle to achieve its self-sufficiency goals amid ongoing geopolitical tensions and a global semiconductor shortage that's expected to run into next year,according to South China Morning Post.</p><p><blockquote><b>查看 AMD、应用材料、高通、恩智浦、博通、台积电和更多半导体股票的买入或卖出建议。</b>据《南华早报》报道， 尽管在持续的地缘政治紧张局势和预计将持续到明年的全球半导体短缺的情况下， 中国的存储芯片制造商正在挤入市场的低端， 尽管中国在实现自给自足目标方面面临着越来越艰难的艰苦战斗。</blockquote></p><p> Yangtze YTMC and Changxin Memory Technologies represent a new disruptive force in the sector and are expected to increase global capacity by 29 percent between 2020 and 2022, economists from investment bank Natixis said on Wednesday.</p><p><blockquote>投资银行 Natixis 的经济学家周三表示，长江 YTMC 和长鑫存储技术代表了该行业新的颠覆性力量，预计在 2020 年至 2022 年间将全球产能增加 29%。</blockquote></p><p> TheStreet's Jim Cramer is eyeing Applied Materials&nbsp;(<b>AMAT</b>) -Get Report&nbsp;and other semiconductor capital equipment stocks. \"They haven't let us down,\"Cramer said&nbsp;in a conversation with TheStreet's Katherine Ross. \"When you get that group going, that's the best leadership group there is,\" he added.</p><p><blockquote>TheStreet 的 Jim Cramer 正在关注应用材料（<b>非常</b>)-获取报告和其他半导体资本设备股票。“他们没有让我们失望，”克莱默在与《TheStreet》的凯瑟琳·罗斯的谈话中说道。“当你让这个团队运转起来时，这就是最好的领导团队，”他补充道。</blockquote></p><p> Cramer also said Monday that the key to the market for him is still the Nasdaq. \"We need to see Advanced Micro Devices&nbsp;(<b>AMD</b>) -Get Report&nbsp;not get beaten down by Nvidia&nbsp;(<b>NVDA</b>) -Get Report... We need to see all sorts of technology stocks keep up with what I regard as a runaway industrial market,\" he said.</p><p><blockquote>克莱默周一还表示，对他来说，市场的关键仍然是纳斯达克。“我们需要看到先进的微设备（<b>AMD</b>）-获取报告而不是被Nvidia打败（<b>NVDA</b>)-获取报告……我们需要看到各种科技股跟上我认为失控的工业市场，”他说。</blockquote></p><p> Nvidia is still dominating the semiconductor market. And in terms of diversifying, Nvidia CEO Jensen Huang’s acquisition strategy has helped the firm branch into the automotive industry through high-profile partnerships through its NVIDIA drive network as well as data centers, aided by the acquisition of Mellanox, as well as AI technology through its anticipated takeover of Arm.</p><p><blockquote>英伟达仍然主导着半导体市场。在多元化方面，英伟达首席执行官黄仁勋的收购战略帮助该公司通过其英伟达驱动器网络和数据中心建立高调的合作伙伴关系，在收购 Mellanox 的帮助下，以及通过预期收购 Arm 的人工智能技术，进军汽车行业。</blockquote></p><p> While the semiconductor industry is certainly crowded, Nvidia has managed to set itself apart beyond its firm base in gaming and graphic chip dominance. As such, it might also be a perfect candidate for mention alongside the long-time tech leaders. Also, its market cap is a healthy $400+ billion, adding to its potential to fit with the rest of the group,according to TheStreet's Kevin Curran.</p><p><blockquote>虽然半导体行业确实很拥挤，但英伟达已经设法超越了其在游戏和图形芯片主导地位的坚实基础，脱颖而出。因此，它也可能是与长期科技领导者一起被提及的完美候选人。此外，据 TheStreet 的凯文·柯伦 (Kevin Curran) 称，其市值已超过 4000 亿美元，这增加了其与集团其他公司接轨的潜力。</blockquote></p><p> Nvidia is also among companies that have noted a degree of uncertainty in predicting the impact ofcryptocurrency mining on near-term sales.</p><p><blockquote>英伟达也是在预测加密货币挖矿对近期销售的影响时注意到一定程度的不确定性的公司之一。</blockquote></p><p> \"It's hard to estimate exactly how much and where crypto mining is being done. However, we can only assume that the vast majority of it is contributed by professional miners, especially when the amount of mining increases tremendously like it has,\" CEO Jensen Huang told investors on a conference call this past week.</p><p><blockquote>“很难准确估计加密货币挖矿的数量和地点。然而，我们只能假设其中绝大多数是由专业矿工贡献的，尤其是当挖矿量像现在这样大幅增加时，”首席执行官黄仁勋上周在电话会议上告诉投资者。</blockquote></p><p> TheStreet's Jim Cramer noted in his dailyAction Alerts Plus rundownthis past week that while Nvidia has performed well and itsrecent 4-for-1 stock splitmakes sense, the link betweencryptocurrency mining and Nvidia’s performanceis not necessarily that strong.</p><p><blockquote>TheStreet 的吉姆-克莱默（Jim Cramer）在过去一周的每日行动警报和摘要中指出，虽然 Nvidia 的表现不错，最近 4 比 1 的股票分割也合情合理，但加密货币挖矿与 Nvidia 业绩之间的联系并不一定那么紧密。</blockquote></p><p> Nvidia has submitted an application to Chinese competition regulators to review its proposed $40 billion takeover of the U.K. chip designer Arm, according to the Financial Times. The chip company announced the deal about eight months ago and said it expects to close the deal by next March.</p><p><blockquote>据英国《金融时报》报道，英伟达已向中国竞争监管机构提交申请，要求审查其以 400 亿美元收购英国芯片设计公司 Arm 的提议。这家芯片公司大约八个月前宣布了这笔交易，并表示预计将在明年3月之前完成这笔交易。</blockquote></p><p> Nvidia's application was made in recent weeks and sets in</p><p><blockquote>Nvidia 的申请是在最近几周提出的，并将于</blockquote></p><p> motion a period of scrutiny that could take up to 18 months, according to Chinese antitrust lawyers, the Financial Times reported. In February,U.S. federal regulators opened an investigation into Nvidia's agreement to purchase Arm.</p><p><blockquote>据英国《金融时报》报道，中国反垄断律师表示，动议进行长达 18 个月的审查。二月份，美国联邦监管机构对英伟达收购 Arm 的协议展开调查。</blockquote></p><p> Meanwhile,&nbsp;Broadcom&nbsp;(<b>AVGO</b>) -Get Report&nbsp;issued a bullish fiscal-third quarter revenue outlook and topped estimates in the second quarter onstrong demand for the company's semiconductors.</p><p><blockquote>与此同时，博通（<b>阿夫戈</b>) -Get Report 发布了乐观的第三财季收入前景，并由于公司半导体需求强劲，第二季度收入超出预期。</blockquote></p><p> The company said it expects third-quarter revenue of about $6.75 billion, higher than expectations of $6.6 billion. In addition, the company estimated adjusted EBITDA would 60% of projected revenue, or about $4.05 billion, above estimates of $3.88 billion.</p><p><blockquote>该公司表示，预计第三季度营收约为67.5亿美元，高于预期的66亿美元。此外，该公司预计调整后 EBITDA 将占预计收入的 60%，即约 40.5 亿美元，高于预期的 38.8 亿美元。</blockquote></p><p> “Due to the strength in demand for semiconductors across our multiple end markets, we delivered 20% year-over-year</p><p><blockquote>“由于我们多个终端市场对半导体的强劲需求，我们实现了 20% 的同比增长。</blockquote></p><p> increase in semiconductor revenue,” said CEO Hock Tan.</p><p><blockquote>半导体收入的增长，”首席执行官Hock Tan说。</blockquote></p><p> “Our third-quarter outlook projects this year-over-year growth to sustain, as we continue to see strong demand from service providers and hypercloud.”</p><p><blockquote>“我们对第三季度的展望预计同比增长将持续，因为我们将继续看到服务提供商和超级云的强劲需求。”</blockquote></p><p> Cramer is watching the semiconductor capital equipment stocks closely, which he said: \"had let us down.\" \"There was a belief that there was a glut of certain kinds of chips,\" he added.</p><p><blockquote>克莱默正在密切关注半导体资本设备股，他表示：“这让我们失望了。”“人们认为某些类型的芯片过剩，”他补充道。</blockquote></p><p> \"And even though a lot of people were worried about the supply of chips, a lot of the smartest people were saying, listen, get out of the semiconductor-capital stocks and there isn't a glut. There is a glut developing of a certain kind and Applied Materials kind of straightened that out.\"</p><p><blockquote>“尽管很多人担心芯片的供应，但很多最聪明的人都在说，听着，摆脱半导体资本股，并不存在过剩。某种类型的开发存在过剩，应用材料有点纠正了这一点。”</blockquote></p><p> Here is a list of the semiconductor stocks to watch and their performance by percentage change at the close of trading on Tuesday, June 8:</p><p><blockquote>以下是 6 月 8 日星期二收盘时值得关注的半导体股票及其表现百分比变化列表：</blockquote></p><p> <b>Nvidia</b></p><p><blockquote><b>英伟达</b></blockquote></p><p></p><p> Large-cap tech stock Nvidia&nbsp;(<b>NVDA</b>) -Get Report&nbsp;is cruising higher. The company's stock rose afterthe semiconductor makerreported fiscal-first-quarter earnings and revenue that topped analyst expectations. Nvidia reported quarterly earnings of $3.66 a share on revenue of $5.66 billion. Analysts were expecting earnings of $3.29 a share on revenue of $5.4 billion.</p><p><blockquote>大型科技股英伟达（<b>NVDA</b>)-获取报告正在更高的位置。这家半导体制造商公布第一财季盈利和收入超出分析师预期后，该公司股价上涨。英伟达公布季度收益为每股 3.66 美元，营收为 56.6 亿美元。分析师预计每股收益为 3.29 美元，营收为 54 亿美元。</blockquote></p><p> Joel Kulina, SVP of Equity Trading at Wedbush Securities,&nbsp;argues for the addition of both Microsoft&nbsp;(<b>MSFT</b>) -Get Report&nbsp;and his chosen semiconductor stalwart Nvidia&nbsp;to result in the catchy FANGMAN,wrote TheStreet's Kevin Curran.&nbsp;“FANGMAN has been one of the better ones I’ve come across, easy to say; includes large-cap growth names across various pockets of tech.”</p><p><blockquote>Wedbush Securities 股票交易高级副总裁 Joel Kulina 主张增加这两种微软（<b>微软</b>TheStreet 的凯文-柯伦（Kevin Curran）写道：“Get Report 和他选择的半导体巨头英伟达（Nvidia）将创造出引人注目的 FANGMAN。” “FANGMAN 是我见过的最好的公司之一，说起来容易，包括各个科技领域的大盘股成长公司。</blockquote></p><p> Nvidia would fit in well as its dominance in graphics chips has helped the firm assert a dominant market share in graphics cards, clocking in at a whopping 82% market share per Jon Peddie Research.</p><p><blockquote>Nvidia 很适合，因为其在图形芯片领域的主导地位帮助该公司在显卡领域占据了主导地位，根据 Jon Peddie Research 的数据，其市场份额高达 82%。</blockquote></p><p> TheStreet Quant Ratings rates Nvidiaas a Buy with a rating score of B.</p><p><blockquote>The Street Quant Ratings 将 Nvidia 评为买入，评级为 B。</blockquote></p><p> <b>Applied Materials</b></p><p><blockquote><b>应用材料</b></blockquote></p><p> Jim Cramer recently named chip equipment&nbsp;major Applied Materials&nbsp;(<b>AMAT</b>) -Get Report&nbsp;asone of the stocks that got away.</p><p><blockquote>Jim Cramer最近将芯片设备命名为主要应用材料（<b>非常</b>) -获取逃跑股票的报告。</blockquote></p><p> He called out the bull market in semiconductor equipment. We need to make more chips, he said, and companies like Applied Materials&nbsp;can make that happen.</p><p><blockquote>他喊出了半导体设备的牛市。他说，我们需要制造更多芯片，而像应用材料公司这样的公司可以实现这一点。</blockquote></p><p> The&nbsp;semiconductor equipment major&nbsp;reported mixed fiscal-second-quarter earnings and received a number of positive reviews and price-target upgrades from Wall Street analysts.</p><p><blockquote>这家半导体设备巨头公布的第二财季收益好坏参半，并获得了华尔街分析师的大量正面评价和目标价上调。</blockquote></p><p> TheStreet Quant Ratings rates Applied Materialsas a Buy with a rating score of A-.</p><p><blockquote>Street Quant Ratings 将 Applied Materials 评为买入，评级分为 A-。</blockquote></p><p> <b>Qualcomm</b></p><p><blockquote><b>高通</b></blockquote></p><p> Shares of Qualcomm&nbsp;(<b>QCOM</b>) -Get Report&nbsp;and other Apple&nbsp;(<b>AAPL</b>) -Get Report&nbsp;suppliers were dropping after a media report said Apple's 5G baseband chip could be used in the iPhone as soon as 2023.</p><p><blockquote>高通股份（<b>QCOM</b>)-获取报告和其他苹果(<b>苹果</b>) - 媒体报道称苹果 5G 基带芯片最早可能在 2023 年用于 iPhone 后，供应商纷纷下降。</blockquote></p><p> AppleInsider cited TF International Securities analyst Ming-Chi Kuo as the person making its prediction. Kuo seesQualcomm having to change its strategyto combat order losses from Apple.</p><p><blockquote>AppleInsider 援引天风国际证券分析师郭明𫓹的话说，做出了这一预测。郭认为高通必须改变其战略，以应对来自苹果的订单损失。</blockquote></p><p> Jim Cramer recently said investors should\"own Qualcomm stock.\"</p><p><blockquote>吉姆·克莱默最近表示，投资者应该“拥有高通股票”。</blockquote></p><p> TheStreet Quant Ratings rates Qualcommas a Buy with a rating score of B+.</p><p><blockquote>TheStreet Quant Ratings 给予高通买入评级为 B+。</blockquote></p><p> <b>NXP Semiconductors</b></p><p><blockquote><b>恩智浦半导体</b></blockquote></p><p> NXP Semiconductors&nbsp;(<b>NXPI</b>) -Get Report&nbsp;swung to a stronger-than-expected first-quarter profit from a year-earlier loss on 27% higher revenue.</p><p><blockquote>恩智浦半导体（<b>恩智浦</b>) -Get 报告第一季度利润从去年同期亏损转为强于预期，收入增长 27%。</blockquote></p><p> The Eindhoven, Netherlands, chipmaker reported that it earned $1.25 a share compared with a loss of 8 cents a share in the year-earlier quarter. Revenue reached $2.57 billion from $2.02 billion.</p><p><blockquote>这家总部位于荷兰埃因霍温的芯片制造商报告称，其每股收益为 1.25 美元，而去年同期每股亏损 8 美分。收入从 20.2 亿美元达到 25.7 亿美元。</blockquote></p><p> TheStreet Quant Ratings rates NXP Semiconductorsas a Buy with a rating score of B.</p><p><blockquote>The Street Quant Ratings 将恩智浦半导体评为买入，评级为 B。</blockquote></p><p> <b>Advanced Micro Devices</b></p><p><blockquote><b>先进微器件</b></blockquote></p><p> Advanced Micro Devices&nbsp;(<b>AMD</b>) -Get Report&nbsp;was higher this past week after Benchmark initiatedcoverage of the chipmakerwith a buy rating and $100 price target.</p><p><blockquote>先进微器件（<b>AMD</b>) - 在 Benchmark 开始对这家芯片制造商给予买入评级和 100 美元目标价后，Get 报告上周走高。</blockquote></p><p> Analyst Cody Acree said he expected \"the firm’s leadership to continue to drive share gains for at least the next few years.\"</p><p><blockquote>分析师科迪-阿克里（Cody Acree）表示，他预计 “该公司的领导层至少在未来几年内将继续推动股价上涨”。</blockquote></p><p> TheStreet Quant Ratings rates AMDas a Buy with a rating score of B.</p><p><blockquote>TheStreet Quant Ratings 将 AMDas 评为买入，评级为 B。</blockquote></p><p> <b>Taiwan Semiconductor Manufacturing</b></p><p><blockquote><b>台积电</b></blockquote></p><p> Cramer recently said&nbsp;that if investors think chips are truly in short supply and we need capital equipment, then the company they most need is Lam Research(<b>LRCX</b>) -Get Report, other than Taiwan Semiconductor Manufacturing(<b>TSM</b>) -Get Report.</p><p><blockquote>克莱默最近表示，如果投资者认为芯片真的供不应求，我们需要资本设备，那么他们最需要的公司就是Lam Research（<b>LRCX</b>）-获取报告，台积电除外（<b>TSM</b>)-获取报告。</blockquote></p><p> Cramer spoke recently aboutpicking stocks against a broad worldview, and Taiwan Semiconductors was discussed.</p><p><blockquote>克莱默最近谈到了根据广阔的世界观挑选股票，并讨论了台积电。</blockquote></p><p> \"For me, I'm particularly concerned about the Chinese making a move on Taiwan. We're squeezing their critical companies to the de facto takeover of Taiwan Semiconductor.I don't want inflation to be so raging that Jay Powell can't engineer a soft landing,\" Cramer said.</p><p><blockquote>“对我来说，我特别担心中国人在台湾采取行动。我们正在挤压他们的关键公司事实上收购台积电。我不希望通货膨胀如此严重，以至于杰伊·鲍威尔无法设计软着陆，”克莱默说。</blockquote></p><p> TheStreet Quant Ratings rates TSMas a Buy with a rating score of A.</p><p><blockquote>TheStreet Quant Ratings 将 TSMA 评为买入，评级分为 A。</blockquote></p><p> <b>Micron Technology</b></p><p><blockquote><b>美光科技</b></blockquote></p><p> Micron Technology&nbsp;(<b>MU</b>) -Get Report&nbsp;recently announced the successful closing of nearly$3.7 billion inaugural sustainability-linked credit facilities.</p><p><blockquote>美光科技（<b>穆</b>) -Get Report 最近宣布成功关闭近 37 亿美元的首批可持续发展相关信贷额度。</blockquote></p><p> The facilities, which create additional long-term value for Micron's stakeholders, reinforce the company's commitment to sustainability and 2030 environmental goals.</p><p><blockquote>这些设施为美光的利益相关者创造了额外的长期价值，强化了公司对可持续发展和 2030 年环境目标的承诺。</blockquote></p><p> TheStreet Quant Ratings rates Micronas a Buy with a rating score of B.</p><p><blockquote>TheStreet Quant Ratings 将 Micronas 评为买入，评级为 B。</blockquote></p><p> <b>Broadcom</b></p><p><blockquote><b>博通</b></blockquote></p><p> Broadcom&nbsp;(<b>AVGO</b>) -Get Report&nbsp;has performed quite well over the past year, up about 55% in that span. However, the stock has been relatively stagnant so far in 2021, up just 6%.</p><p><blockquote>博通（<b>阿夫戈</b>) -Get Report 在过去一年中表现相当不错，在此期间增长了约 55%。然而，2021年迄今为止，该股一直相对停滞，仅上涨6%。</blockquote></p><p> From early November to mid-February, Broadcom really found its groove. Shares rallied more than 40% in that span as the chipmaker saw its stock glide higher. While Broadcom topped out around the time that other high-growth stocks did, it didn’t suffer the same fate as those caught in theensuing bear market.</p><p><blockquote>从11月初到2月中旬，博通真正找到了自己的最佳状态。随着这家芯片制造商的股价走高，其股价在此期间上涨了 40% 以上。虽然博通与其他高增长股票在同一时间见顶，但它并没有遭受与随后熊市中陷入困境的股票相同的命运。</blockquote></p><p></p><p> \"This is a high-multiple stock that has people spooked. I own it for my charitable trust and you should, too.\" Cramer recently said of Broadcomduring a Mad Money Lightning Round.</p><p><blockquote>“这是一只让人们感到害怕的高市盈率股票。我持有它是为了我的慈善信托基金，你也应该持有它。”克莱默最近在疯狂金钱闪电回合中谈到了博通。</blockquote></p><p> TheStreet Quant Ratings rates Broadcomas a Buy with a rating score of B.</p><p><blockquote>The Street Quant Ratings 将 Broadcom 评为买入，评级为 B。</blockquote></p><p> <b>Intel</b></p><p><blockquote><b>英特尔</b></blockquote></p><p> Analyst Cody Acree said in a research note that AMD's management, led by Chief Executive Lisa Su, \"has developed a base processor architecture (Zen), and its generational improvements, that have proven over the last few years to be highly competitive - and often superior - to Intel’s&nbsp;(<b>INTC</b>) -Get Report&nbsp;designs, particularly with AMD using Taiwan Semiconductor’s&nbsp;most advanced commercial volume lithography process.\"</p><p><blockquote>分析师科迪·阿克里（Cody Acree）在一份研究报告中表示，以首席执行官苏丽莎（Lisa Su）为首的AMD管理层“开发了一种基本处理器架构（Zen）及其代际改进，在过去几年中，这些架构已被证明极具竞争力，而且往往优于英特尔（<b>国际电联</b>) -获取报告设计，特别是 AMD 使用台积电最先进的商业体积光刻工艺。”</blockquote></p><p> In January Su unveiled theRyzen 5000 Zen 3series, a new generation of mobile and desktop gaming chips.</p><p><blockquote>今年1月，苏推出了新一代移动和桌面游戏芯片theRyzen 5000 Zen 3系列。</blockquote></p><p> \"While Intel has struggled to respond with a trump architectural offering, its biggest challenge ... has been that Intel mismanaged its pace of bleeding-end manufacturing technology, leaving the company at a disadvantage to the leading foundry providers,\" Acree said.</p><p><blockquote>阿克里表示：“虽然英特尔一直在努力应对特朗普架构产品，但其最大的挑战……是英特尔对其高端制造技术的步伐管理不善，导致该公司相对于领先的代工供应商处于劣势。”</blockquote></p><p> With Intel somewhat handcuffed, the analyst added, \"AMD has been able to capitalize on the opportunity and has been gaining broad market share over the past few years.\"</p><p><blockquote>这位分析师补充道，由于英特尔有些束缚，“AMD 能够利用这个机会，并在过去几年中获得了广泛的市场份额。”</blockquote></p><p> Intel, despite what the company keeps saying, is nowhere, according to Cramer. \"Yes, it bothers me right now that the stock is down a buck. Yes! It's killing me! And Intel keeps saying that they're going to pass AMD any minute. That's nonsense,\" Cramer said.</p><p><blockquote>克莱默表示，尽管英特尔一直在说什么，但它却无处可去。“是的，现在股价下跌一美元让我很困扰。是的!这让我很难过!英特尔一直说他们随时都会超过 AMD。这是无稽之谈，”克莱默说。</blockquote></p><p> TheStreet Quant Ratings rates Intelas a Buy with a rating score of A-.</p><p><blockquote>TheStreet Quant Ratings 将 Intelas 评为买入，评级为 A-。</blockquote></p><p> <b>Texas Instruments</b></p><p><blockquote><b>德州仪器</b></blockquote></p><p> Chipmaker Texas Instruments&nbsp;(<b>TXN</b>) -Get Report&nbsp;reported first-quarter revenue and earnings that topped analyst estimates, as well as strong second-quarter guidance.</p><p><blockquote>芯片制造商德州仪器（<b>TXN</b>) -Get Report 报告的第一季度收入和盈利超出了分析师的预期，以及强劲的第二季度指引。</blockquote></p><p> The company reported first-quarter revenue of $4.29 billionvs. the analyst consensus of $4.00 billion, while adjusted earnings came in at $1.87 per share versus consensus estimates for $1.58 per share. Operating income for the quarter was $1.94 billion vs. consensus estimates of $1.71 billion.</p><p><blockquote>该公司公布第一季度营收为 42.9 亿美元。分析师普遍预期为 40 亿美元，调整后每股收益为 1.87 美元，而普遍预期为每股 1.58 美元。本季度经营利润为 19.4 亿美元，而市场普遍预期为 17.1 亿美元。</blockquote></p><p> TheStreet Quant Ratings rates Texas Instrumentsas a Buy with a rating score of A.</p><p><blockquote>TheStreet Quant Ratings 将德州仪器评为买入，评级分为 A。</blockquote></p><p> <i>AMD, Broadcom, and Nvidia are key holdings inJim Cramer'sAction Alerts PLUS charitable trust.Want to be alerted before Jim Cramer buys or sells any stock?Learn more from Cramer and his membership team now.</i></p><p><blockquote><i>AMD、博通和英伟达是inJim Cramer的行动警报和慈善信托的主要控股公司。想在吉姆·克莱默买卖任何股票之前收到提醒吗？现在就向克莱默和他的会员团队了解更多信息。</i></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/technology/semiconductor-watchlist-jim-cramer-says-to-own-nvidia-amd-broadcom\">The Street</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电","AMD":"美国超微公司","MU":"美光科技","INTC":"英特尔","NXPI":"恩智浦","QCOM":"高通","AMAT":"应用材料","TXN":"德州仪器","AVGO":"博通","NVDA":"英伟达"},"source_url":"https://www.thestreet.com/technology/semiconductor-watchlist-jim-cramer-says-to-own-nvidia-amd-broadcom","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163875762","content_text":"See buy or sell recommendations for AMD, Applied Materials, Qualcomm, NXP, Broadcom, Taiwan Semiconductor, and more semiconductor stocks.\n\nChina's memory chip makers are pushing into the lower end of the market even as the country faces an increasingly steep uphill battle to achieve its self-sufficiency goals amid ongoing geopolitical tensions and a global semiconductor shortage that's expected to run into next year,according to South China Morning Post.\nYangtze YTMC and Changxin Memory Technologies represent a new disruptive force in the sector and are expected to increase global capacity by 29 percent between 2020 and 2022, economists from investment bank Natixis said on Wednesday.\nTheStreet's Jim Cramer is eyeing Applied Materials (AMAT) -Get Report and other semiconductor capital equipment stocks. \"They haven't let us down,\"Cramer said in a conversation with TheStreet's Katherine Ross. \"When you get that group going, that's the best leadership group there is,\" he added.\nCramer also said Monday that the key to the market for him is still the Nasdaq. \"We need to see Advanced Micro Devices (AMD) -Get Report not get beaten down by Nvidia (NVDA) -Get Report... We need to see all sorts of technology stocks keep up with what I regard as a runaway industrial market,\" he said.\nNvidia is still dominating the semiconductor market. And in terms of diversifying, Nvidia CEO Jensen Huang’s acquisition strategy has helped the firm branch into the automotive industry through high-profile partnerships through its NVIDIA drive network as well as data centers, aided by the acquisition of Mellanox, as well as AI technology through its anticipated takeover of Arm.\nWhile the semiconductor industry is certainly crowded, Nvidia has managed to set itself apart beyond its firm base in gaming and graphic chip dominance. As such, it might also be a perfect candidate for mention alongside the long-time tech leaders. Also, its market cap is a healthy $400+ billion, adding to its potential to fit with the rest of the group,according to TheStreet's Kevin Curran.\nNvidia is also among companies that have noted a degree of uncertainty in predicting the impact ofcryptocurrency mining on near-term sales.\n\"It's hard to estimate exactly how much and where crypto mining is being done. However, we can only assume that the vast majority of it is contributed by professional miners, especially when the amount of mining increases tremendously like it has,\" CEO Jensen Huang told investors on a conference call this past week.\nTheStreet's Jim Cramer noted in his dailyAction Alerts Plus rundownthis past week that while Nvidia has performed well and itsrecent 4-for-1 stock splitmakes sense, the link betweencryptocurrency mining and Nvidia’s performanceis not necessarily that strong.\nNvidia has submitted an application to Chinese competition regulators to review its proposed $40 billion takeover of the U.K. chip designer Arm, according to the Financial Times. The chip company announced the deal about eight months ago and said it expects to close the deal by next March.\nNvidia's application was made in recent weeks and sets in\nmotion a period of scrutiny that could take up to 18 months, according to Chinese antitrust lawyers, the Financial Times reported. In February,U.S. federal regulators opened an investigation into Nvidia's agreement to purchase Arm.\nMeanwhile, Broadcom (AVGO) -Get Report issued a bullish fiscal-third quarter revenue outlook and topped estimates in the second quarter onstrong demand for the company's semiconductors.\nThe company said it expects third-quarter revenue of about $6.75 billion, higher than expectations of $6.6 billion. In addition, the company estimated adjusted EBITDA would 60% of projected revenue, or about $4.05 billion, above estimates of $3.88 billion.\n“Due to the strength in demand for semiconductors across our multiple end markets, we delivered 20% year-over-year\nincrease in semiconductor revenue,” said CEO Hock Tan.\n“Our third-quarter outlook projects this year-over-year growth to sustain, as we continue to see strong demand from service providers and hypercloud.”\nCramer is watching the semiconductor capital equipment stocks closely, which he said: \"had let us down.\" \"There was a belief that there was a glut of certain kinds of chips,\" he added.\n\"And even though a lot of people were worried about the supply of chips, a lot of the smartest people were saying, listen, get out of the semiconductor-capital stocks and there isn't a glut. There is a glut developing of a certain kind and Applied Materials kind of straightened that out.\"\nHere is a list of the semiconductor stocks to watch and their performance by percentage change at the close of trading on Tuesday, June 8:\nNvidia\nLarge-cap tech stock Nvidia (NVDA) -Get Report is cruising higher. The company's stock rose afterthe semiconductor makerreported fiscal-first-quarter earnings and revenue that topped analyst expectations. Nvidia reported quarterly earnings of $3.66 a share on revenue of $5.66 billion. Analysts were expecting earnings of $3.29 a share on revenue of $5.4 billion.\nJoel Kulina, SVP of Equity Trading at Wedbush Securities, argues for the addition of both Microsoft (MSFT) -Get Report and his chosen semiconductor stalwart Nvidia to result in the catchy FANGMAN,wrote TheStreet's Kevin Curran. “FANGMAN has been one of the better ones I’ve come across, easy to say; includes large-cap growth names across various pockets of tech.”\nNvidia would fit in well as its dominance in graphics chips has helped the firm assert a dominant market share in graphics cards, clocking in at a whopping 82% market share per Jon Peddie Research.\nTheStreet Quant Ratings rates Nvidiaas a Buy with a rating score of B.\nApplied Materials\nJim Cramer recently named chip equipment major Applied Materials (AMAT) -Get Report asone of the stocks that got away.\nHe called out the bull market in semiconductor equipment. We need to make more chips, he said, and companies like Applied Materials can make that happen.\nThe semiconductor equipment major reported mixed fiscal-second-quarter earnings and received a number of positive reviews and price-target upgrades from Wall Street analysts.\nTheStreet Quant Ratings rates Applied Materialsas a Buy with a rating score of A-.\nQualcomm\nShares of Qualcomm (QCOM) -Get Report and other Apple (AAPL) -Get Report suppliers were dropping after a media report said Apple's 5G baseband chip could be used in the iPhone as soon as 2023.\nAppleInsider cited TF International Securities analyst Ming-Chi Kuo as the person making its prediction. Kuo seesQualcomm having to change its strategyto combat order losses from Apple.\nJim Cramer recently said investors should\"own Qualcomm stock.\"\nTheStreet Quant Ratings rates Qualcommas a Buy with a rating score of B+.\nNXP Semiconductors\nNXP Semiconductors (NXPI) -Get Report swung to a stronger-than-expected first-quarter profit from a year-earlier loss on 27% higher revenue.\nThe Eindhoven, Netherlands, chipmaker reported that it earned $1.25 a share compared with a loss of 8 cents a share in the year-earlier quarter. Revenue reached $2.57 billion from $2.02 billion.\nTheStreet Quant Ratings rates NXP Semiconductorsas a Buy with a rating score of B.\nAdvanced Micro Devices\nAdvanced Micro Devices (AMD) -Get Report was higher this past week after Benchmark initiatedcoverage of the chipmakerwith a buy rating and $100 price target.\nAnalyst Cody Acree said he expected \"the firm’s leadership to continue to drive share gains for at least the next few years.\"\nTheStreet Quant Ratings rates AMDas a Buy with a rating score of B.\nTaiwan Semiconductor Manufacturing\nCramer recently said that if investors think chips are truly in short supply and we need capital equipment, then the company they most need is Lam Research(LRCX) -Get Report, other than Taiwan Semiconductor Manufacturing(TSM) -Get Report.\nCramer spoke recently aboutpicking stocks against a broad worldview, and Taiwan Semiconductors was discussed.\n\"For me, I'm particularly concerned about the Chinese making a move on Taiwan. We're squeezing their critical companies to the de facto takeover of Taiwan Semiconductor.I don't want inflation to be so raging that Jay Powell can't engineer a soft landing,\" Cramer said.\nTheStreet Quant Ratings rates TSMas a Buy with a rating score of A.\nMicron Technology\nMicron Technology (MU) -Get Report recently announced the successful closing of nearly$3.7 billion inaugural sustainability-linked credit facilities.\nThe facilities, which create additional long-term value for Micron's stakeholders, reinforce the company's commitment to sustainability and 2030 environmental goals.\nTheStreet Quant Ratings rates Micronas a Buy with a rating score of B.\nBroadcom\nBroadcom (AVGO) -Get Report has performed quite well over the past year, up about 55% in that span. However, the stock has been relatively stagnant so far in 2021, up just 6%.\nFrom early November to mid-February, Broadcom really found its groove. Shares rallied more than 40% in that span as the chipmaker saw its stock glide higher. While Broadcom topped out around the time that other high-growth stocks did, it didn’t suffer the same fate as those caught in theensuing bear market.\n\"This is a high-multiple stock that has people spooked. I own it for my charitable trust and you should, too.\" Cramer recently said of Broadcomduring a Mad Money Lightning Round.\nTheStreet Quant Ratings rates Broadcomas a Buy with a rating score of B.\nIntel\nAnalyst Cody Acree said in a research note that AMD's management, led by Chief Executive Lisa Su, \"has developed a base processor architecture (Zen), and its generational improvements, that have proven over the last few years to be highly competitive - and often superior - to Intel’s (INTC) -Get Report designs, particularly with AMD using Taiwan Semiconductor’s most advanced commercial volume lithography process.\"\nIn January Su unveiled theRyzen 5000 Zen 3series, a new generation of mobile and desktop gaming chips.\n\"While Intel has struggled to respond with a trump architectural offering, its biggest challenge ... has been that Intel mismanaged its pace of bleeding-end manufacturing technology, leaving the company at a disadvantage to the leading foundry providers,\" Acree said.\nWith Intel somewhat handcuffed, the analyst added, \"AMD has been able to capitalize on the opportunity and has been gaining broad market share over the past few years.\"\nIntel, despite what the company keeps saying, is nowhere, according to Cramer. \"Yes, it bothers me right now that the stock is down a buck. Yes! It's killing me! And Intel keeps saying that they're going to pass AMD any minute. That's nonsense,\" Cramer said.\nTheStreet Quant Ratings rates Intelas a Buy with a rating score of A-.\nTexas Instruments\nChipmaker Texas Instruments (TXN) -Get Report reported first-quarter revenue and earnings that topped analyst estimates, as well as strong second-quarter guidance.\nThe company reported first-quarter revenue of $4.29 billionvs. the analyst consensus of $4.00 billion, while adjusted earnings came in at $1.87 per share versus consensus estimates for $1.58 per share. Operating income for the quarter was $1.94 billion vs. consensus estimates of $1.71 billion.\nTheStreet Quant Ratings rates Texas Instrumentsas a Buy with a rating score of A.\nAMD, Broadcom, and Nvidia are key holdings inJim Cramer'sAction Alerts PLUS charitable trust.Want to be alerted before Jim Cramer buys or sells any stock?Learn more from Cramer and his membership team now.","news_type":1,"symbols_score_info":{"AVGO":0.9,"QCOM":0.9,"AMAT":0.9,"AMD":0.9,"MU":0.9,"TXN":0.9,"BRCM":0.9,"TSM":0.9,"INTC":0.9,"NVDA":0.9,"NXPI":0.9}},"isVote":1,"tweetType":1,"viewCount":647,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185713272,"gmtCreate":1623673042696,"gmtModify":1634030302248,"author":{"id":"3583669366978952","authorId":"3583669366978952","name":"ttm17396","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583669366978952","authorIdStr":"3583669366978952"},"themes":[],"title":"","htmlText":"To the moon. 400","listText":"To the moon. 400","text":"To the moon. 400","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/185713272","repostId":"1119906239","repostType":2,"isVote":1,"tweetType":1,"viewCount":1009,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":185786173,"gmtCreate":1623673660192,"gmtModify":1634030291569,"author":{"id":"3583669366978952","authorId":"3583669366978952","name":"ttm17396","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583669366978952","idStr":"3583669366978952"},"themes":[],"title":"","htmlText":"AMD too","listText":"AMD too","text":"AMD too","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/185786173","repostId":"1165811803","repostType":4,"isVote":1,"tweetType":1,"viewCount":3704,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185729263,"gmtCreate":1623674455052,"gmtModify":1634030278595,"author":{"id":"3583669366978952","authorId":"3583669366978952","name":"ttm17396","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583669366978952","idStr":"3583669366978952"},"themes":[],"title":"","htmlText":"In Lisa Su we trust! Great execution by AMD in datacenter.&nbsp;","listText":"In Lisa Su we trust! Great execution by AMD in datacenter.&nbsp;","text":"In Lisa Su we trust! Great execution by AMD in datacenter.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/185729263","repostId":"1163127718","repostType":4,"repost":{"id":"1163127718","kind":"news","pubTimestamp":1623640604,"share":"https://www.laohunote.com/m/news/1163127718?lang=zh_CN&edition=full","pubTime":"2021-06-14 11:16","market":"us","language":"en","title":"AMD’s stock has been left behind, but not for long — here’s why<blockquote>AMD 的股票已经落后，但不会持续太久--原因如下</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1163127718","media":"MarketWatch","summary":"Advanced Micro Devices has a slew of new cutting-edge products, not to mention a key acquisition, to","content":"<p>Advanced Micro Devices has a slew of new cutting-edge products, not to mention a key acquisition, to accelerate growth.</p><p><blockquote>Advanced Micro Devices 拥有一系列新的尖端产品，更不用说一项关键收购，以加速增长。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b46f527aa40d36fd2c1a5697760ca79d\" tg-width=\"1260\" tg-height=\"840\"><span>(GETTY IMAGES)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（盖蒂图片社）</span></p></blockquote></p><p> Technology as a sector still looks like a buy after a recent rebound, but&nbsp;one chip stock stands out in particular.</p><p><blockquote>在最近的反弹之后，科技股作为一个板块看起来仍然值得买入，但有一只芯片股尤为突出。</blockquote></p><p> While the iShares PHLX Semiconductor ETF&nbsp;and Nvidia Corp.NVDAhave recovered from their May swoons, Advanced Micro Devices Inc.&nbsp;hasn’t yet fully rebounded. This makes the stock look like one to own, even though it is up 517% since I last suggested itin February 2017, compared with gains of 80% for the S&amp;P 500&nbsp;and 140% for Nasdaq Composite Index.</p><p><blockquote>虽然 iShares PHLX 半导体 ETF 和 Nvidia Corp.NVDA 已经从 5 月份的低迷中恢复过来，但 Advanced Micro Devices Inc. 尚未完全反弹。这使得该股看起来像是一只值得拥有的股票，尽管自我上次在 2017 年 2 月提出建议以来，它已经上涨了 517%，而标普500指数上涨了 80%，纳斯达克综合指数上涨了 140%。</blockquote></p><p> Let’s take a look at why, and how AMD stacks up against competitors.</p><p><blockquote>让我们来看看为什么，以及 AMD 如何与竞争对手相比。</blockquote></p><p> <b>Key dynamics</b></p><p><blockquote><b>关键动态</b></blockquote></p><p> Advanced Micro Devices designs central processing units (CPUs) and graphics processing units (GPUs) used in data center servers, PCs and videogame consoles. That makes it a play on two of the biggest trends in tech right now — migration to the cloud and videogame hardware. Historically, the company lagged Intel Corp..But it has now surpassed its rival because of innovative chip designs and manufacturing issues at Intel.</p><p><blockquote>Advanced Micro Devices 设计用于数据中心服务器、PC 和视频游戏机的中央处理单元 (CPU) 和图形处理单元 (GPU)。这使得它迎合了目前技术的两个最大趋势——向云迁移和视频游戏硬件。从历史上看，该公司落后于英特尔公司..但由于英特尔的创新芯片设计和制造问题，它现在已经超过了竞争对手。</blockquote></p><p> Over the past few years, AMD has rolled out highly competitive lines of chips, thanks to the leadership of CEO Lisa Su, who took the helm in 2014, says tech analyst Peter Karazeris at Thrivent. This put AMD back in the game. AMD’s EPYC series of processors for servers has been endorsed by broad usage among the main cloud providers — including Amazon Inc.,Alphabet Inc.,Microsoft Corp.,Oracle Corp.&nbsp;and Tencent Holdings Ltd.AMD’s Radeon GPUs for gaming hardware and its Ryzen line of chips used in PCs and laptops are equally successful.</p><p><blockquote>Thrivent 科技分析师 Peter Karazeris 表示，在过去几年中，AMD 推出了极具竞争力的芯片系列，这要归功于 2014 年上任的首席执行官 Lisa Su 的领导。这让AMD重新回到了游戏中。AMD 用于服务器的 EPYC 系列处理器已被主要云提供商广泛使用，包括亚马逊公司、Alphabet 公司、微软公司、甲骨文公司和腾讯控股控股有限公司。</blockquote></p><p> Besides better chip design, AMD has pulled ahead by drawing on advanced manufacturing capabilities of Taiwan Semiconductor&nbsp;Manufacturing Co. Ltd.,which can pack more punch in chips through the use of smaller, 7 nanometer transistors. Intel is stuck back at 10 nanometers.</p><p><blockquote>除了更好的芯片设计，AMD还通过利用台积电有限公司的先进制造能力取得了领先，该公司可以通过使用更小的7纳米晶体管在芯片中注入更多的冲击力。英特尔停留在10纳米。</blockquote></p><p> Here’s the upshot in all of this: AMD is a solid play on the megatrend of cloud computing and the related data center buildout. It’s a bet on the increasing complexity of artificial intelligence and big data analytics. And its GPU chips give Nvidia a run for the money. That makes AMD a play on the new Xbox and Sony PlayStation console upgrade cycle and the potential release of a new Nintendo Switch later this year. AMD is also now a serious contender in PCs and notebooks.</p><p><blockquote>这一切的结果如下： AMD 是云计算和相关数据中心建设大趋势的坚实基础。这是对人工智能和大数据分析日益复杂性的押注。它的 GPU 芯片让 Nvidia 物有所值。这使得 AMD 参与了新的 Xbox 和索尼 PlayStation 游戏机升级周期，以及今年晚些时候可能发布的新任天堂 Switch。AMD现在也是个人电脑和笔记本电脑领域的有力竞争者。</blockquote></p><p> “Our goal at AMD is to really be the leader in the high-performance computing wave,” says Su.</p><p><blockquote>“我们在 AMD 的目标是真正成为高性能计算浪潮中的领导者，”Su 说。</blockquote></p><p> She’s getting her way, and you can see the success in the numbers. First-quarter sales grew 93% year-over-year and 6% sequentially. AMD guided for 50% sales growth for the year, up from prior guidance of 37% growth.</p><p><blockquote>她正在如鱼得水，你可以从数字中看到成功。第一季度销售额同比增长 93%，环比增长 6%。AMD 预计今年销售额增长 50%，高于之前 37% 的增长预期。</blockquote></p><p> “We believe this guidance should be easily attainable, particularly as Intel deals with manufacturing challenges,” says Morningstar analyst Abhinav Davuluri.</p><p><blockquote>“晨星公司分析师阿比纳夫-达武鲁里（Abhinav Davuluri）说：”我们相信，这一指导应该很容易实现，尤其是在英特尔应对制造挑战的时候。</blockquote></p><p> In CPUs, sales are growing faster than those of the overall industry, which tells us AMD is gaining share from competitors.</p><p><blockquote>在 CPU 方面，销量增长速度快于整个行业，这告诉我们 AMD 正在从竞争对手那里获得份额。</blockquote></p><p> “We expect continued share growth through the balance of the year and into 2022,” says Goldman Sachs analyst Toshiya Hari, who has a buy rating and a $106 price target on AMD. The chip company is on Goldman’s “conviction list” of highly favored companies.</p><p><blockquote>“高盛分析师 Toshiya Hari 表示：”我们预计今年剩余时间和 2022 年的股价将持续增长，他对 AMD 给予买入评级，目标价为 106 美元。这家芯片公司在高盛备受青睐的 “定罪名单 ”上。</blockquote></p><p> Here’s how AMD stacks up against competitors in terms of growth in the most recent quarter, profit margins and valuation:</p><p><blockquote>以下是 AMD 在最近一个季度的增长、利润率和估值方面与竞争对手的比较情况：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cc890546f0d4079834223660e88bc00d\" tg-width=\"1260\" tg-height=\"387\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Cash and cash flow</b></p><p><blockquote><b>现金及现金流量</b></blockquote></p><p> Big cash positions and solid cash flow are positives for investors because they give companies freedom that comes from reliance on banks for financing. Strong cash positions also support investor-friendly moves, such as buybacks and dividends.</p><p><blockquote>大量现金头寸和稳定的现金流对投资者来说是积极的，因为它们为公司提供了依赖银行融资的自由。强劲的现金头寸也支持有利于投资者的举措，例如回购和股息。</blockquote></p><p> Thanks to all the growth, AMD’s cash position rose sharply last year to $2.3 billion, from $1.5 billion in 2019. AMD doesn’t pay a dividend, but its board recently approved a large $4 billion share repurchase. As the company’s first big return of cash to shareholders, this represents about 4% of AMD’s market capitalization. It also signals the company’s confidence in its business and ability to continue generating solid free cash flow despite rising concerns about intensifying competition, says Deutsche Bank analyst Ross Seymore.</p><p><blockquote>得益于所有这些增长，AMD 去年的现金头寸从 2019 年的 15 亿美元大幅上升至 23 亿美元。AMD 不支付股息，但其董事会最近批准了一项价值 40 亿美元的大规模股票回购。作为该公司首次向股东返还巨额现金，约占 AMD 市值的 4%。德意志银行分析师罗斯-西莫尔（Ross Seymore）说，这也表明该公司对其业务充满信心，并有能力继续产生稳定的自由现金流，尽管人们越来越担心竞争加剧。</blockquote></p><p> Here’s a look at AMD’s cash position and cash flow&nbsp; growth, relative to competitors. The numbers for Marvell Technology Inc.&nbsp;are through Jan. 30, 2021. The rest are for the first quarter:</p><p><blockquote>以下是 AMD 相对于竞争对手的现金状况和现金流增长情况。Marvell Technology Inc.的数据截至2021年1月30日。其余的是第一季度：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/798ea9650ce6e4247ba91b6912e48a82\" tg-width=\"1260\" tg-height=\"453\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Global reach</b></p><p><blockquote><b>全球影响力</b></blockquote></p><p></p><p> AMD books sales in many regions. That’s a positive when global growth is as strong as it is now — lifted by $30 trillion in fiscal and monetary stimulus worldwide. Big exposure to China could be a risk because of U.S.-China tensions, but this issue seems to be diminishing a bit under President Biden, at least so far.</p><p><blockquote>AMD图书在许多地区的销售。在全球经济增长像现在这样强劲的情况下，这是一个积极因素--全球30万亿美元的财政和货币刺激措施推动了这一增长。由于美中关系紧张，大量接触中国可能是一种风险，但至少到目前为止，这个问题似乎在拜登总统的领导下有所减少。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/04e42a7c55f914ecd7ddb2cbf8562253\" tg-width=\"1259\" tg-height=\"772\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Stock valuation and performance</b></p><p><blockquote><b>股票估值和表现</b></blockquote></p><p> By most measures, AMD is the second-priciest stock in its group. But given the growth, it’s justified.</p><p><blockquote>从大多数标准来看，AMD 是同类产品中第二贵的股票。但考虑到增长情况，这是合理的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5b26407edc4248424b878d3024bb9ac2\" tg-width=\"1260\" tg-height=\"550\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Wall Street’s opinion</b></p><p><blockquote><b>华尔街观点</b></blockquote></p><p> As a group, Wall Street analysts are predicting the biggest gains for AMD, among all the companies in its space. It’s also notable that only 61% of analysts have a buy rating, lower than the percentages for Nvidia, Broadcom Inc.,Marvell and Analog Devices Inc..For investors, this is a positive because it tells us there’s more room for sell-side analysts to turn bullish and drive their clients into the name.</p><p><blockquote>作为一个集团，华尔街分析师预测 AMD 的涨幅将是该领域所有公司中最大的。值得注意的是，只有 61% 的分析师给予买入评级，低于英伟达、博通公司、Marvell 和 Analog Devices Inc..的比例。对投资者来说，这是一个积极因素，因为它告诉我们卖方分析师有更大的空间转向看涨，并推动他们的客户买入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/995f76673215ab81971fbc2e8ace0641\" tg-width=\"1260\" tg-height=\"551\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p> One big risk for AMD is that Intel stages a comeback, notes Tony Wang, a tech analyst at T. Rowe Price. Intel has done so before. But AMD still has a few tricks up its sleeve.</p><p><blockquote>T. Rowe Price 的科技分析师 Tony Wang 指出，AMD 面临的一大风险是英特尔卷土重来。英特尔以前也这样做过。但是AMD仍然有一些诀窍。</blockquote></p><p> It recently launched a more advanced version of its EPYC processor, codenamed Milan. This line of server chips will ramp up sales in the second half of this year. AMD is making the leap to even more efficient 5 nanometer production with a line of chips dubbed Genoa, slated for release in 2022. These two rollouts will allow AMD to continue its market-share gains against competitors including Intel, says Jefferies analyst Mark&nbsp;Lipacis — one reason he has a “buy” rating and a $110 price target on the stock.</p><p><blockquote>它最近推出了EPYC处理器的更高级版本，代号为Milan。该系列服务器芯片将在今年下半年增加销量。AMD 正在通过名为 Genoa 的芯片系列实现更高效的 5 纳米生产，预计将于 2022 年发布。杰富瑞（Jefferies）分析师马克-利帕西斯（Mark Lipacis）表示，这两款产品的推出将使 AMD 能够继续在与包括英特尔在内的竞争对手的市场份额增长--这也是他给予该股 “买入 ”评级和 110 美元目标价的原因之一。</blockquote></p><p> AMD is also rolling out next-generation GPUs based on its Compute DNA (CDNA)&nbsp;chip architecture, for use in data centers. And AMD’s merger with Xilinx Inc.&nbsp;later this year should help AMD produce even more sophisticated chips by incorporating Xilinx’s field-programmable gate array (FPGA) capabilities into its chip designs. FPGA gives customers more leeway to customize chips for their own needs.</p><p><blockquote>AMD 还推出了基于其计算 DNA (CDNA) 芯片架构的下一代 GPU，用于数据中心。今年晚些时候，AMD 与 Xilinx Inc. 将 Xilinx 的现场可编程门阵列 (FPGA) 功能融入其芯片设计中，从而帮助 AMD 生产出更复杂的芯片。FPGA为客户提供了更多的余地来根据自己的需求定制芯片。</blockquote></p><p> Other risks include the cyclical nature of the chip industry and the unpredictable demand from consumers and companies as economic growth rates change. One more threat is the broader adoption of competing chips based on ARM (advanced RISC machines) technology.</p><p><blockquote>其他风险包括芯片行业的周期性，以及随着经济增长率的变化，消费者和公司的需求不可预测。另一个威胁是基于ARM（先进RISC机器）技术的竞争芯片的更广泛采用。</blockquote></p><p> <b>Important dates</b></p><p><blockquote><b>重要日期</b></blockquote></p><p> <b>July 26:</b>Second-quarter earnings release.</p><p><blockquote><b>7月26日：</b>第二季度收益发布。</blockquote></p><p> <b>Oct. 25:</b>Third-quarter earnings release.</p><p><blockquote><b>10月25日：</b>第三季度收益发布。</blockquote></p><p></p>","source":"lsy1603348471595","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>AMD’s stock has been left behind, but not for long — here’s why<blockquote>AMD 的股票已经落后，但不会持续太久--原因如下</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nAMD’s stock has been left behind, but not for long — here’s why<blockquote>AMD 的股票已经落后，但不会持续太久--原因如下</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-06-14 11:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Advanced Micro Devices has a slew of new cutting-edge products, not to mention a key acquisition, to accelerate growth.</p><p><blockquote>Advanced Micro Devices 拥有一系列新的尖端产品，更不用说一项关键收购，以加速增长。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b46f527aa40d36fd2c1a5697760ca79d\" tg-width=\"1260\" tg-height=\"840\"><span>(GETTY IMAGES)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（盖蒂图片社）</span></p></blockquote></p><p> Technology as a sector still looks like a buy after a recent rebound, but&nbsp;one chip stock stands out in particular.</p><p><blockquote>在最近的反弹之后，科技股作为一个板块看起来仍然值得买入，但有一只芯片股尤为突出。</blockquote></p><p> While the iShares PHLX Semiconductor ETF&nbsp;and Nvidia Corp.NVDAhave recovered from their May swoons, Advanced Micro Devices Inc.&nbsp;hasn’t yet fully rebounded. This makes the stock look like one to own, even though it is up 517% since I last suggested itin February 2017, compared with gains of 80% for the S&amp;P 500&nbsp;and 140% for Nasdaq Composite Index.</p><p><blockquote>虽然 iShares PHLX 半导体 ETF 和 Nvidia Corp.NVDA 已经从 5 月份的低迷中恢复过来，但 Advanced Micro Devices Inc. 尚未完全反弹。这使得该股看起来像是一只值得拥有的股票，尽管自我上次在 2017 年 2 月提出建议以来，它已经上涨了 517%，而标普500指数上涨了 80%，纳斯达克综合指数上涨了 140%。</blockquote></p><p> Let’s take a look at why, and how AMD stacks up against competitors.</p><p><blockquote>让我们来看看为什么，以及 AMD 如何与竞争对手相比。</blockquote></p><p> <b>Key dynamics</b></p><p><blockquote><b>关键动态</b></blockquote></p><p> Advanced Micro Devices designs central processing units (CPUs) and graphics processing units (GPUs) used in data center servers, PCs and videogame consoles. That makes it a play on two of the biggest trends in tech right now — migration to the cloud and videogame hardware. Historically, the company lagged Intel Corp..But it has now surpassed its rival because of innovative chip designs and manufacturing issues at Intel.</p><p><blockquote>Advanced Micro Devices 设计用于数据中心服务器、PC 和视频游戏机的中央处理单元 (CPU) 和图形处理单元 (GPU)。这使得它迎合了目前技术的两个最大趋势——向云迁移和视频游戏硬件。从历史上看，该公司落后于英特尔公司..但由于英特尔的创新芯片设计和制造问题，它现在已经超过了竞争对手。</blockquote></p><p> Over the past few years, AMD has rolled out highly competitive lines of chips, thanks to the leadership of CEO Lisa Su, who took the helm in 2014, says tech analyst Peter Karazeris at Thrivent. This put AMD back in the game. AMD’s EPYC series of processors for servers has been endorsed by broad usage among the main cloud providers — including Amazon Inc.,Alphabet Inc.,Microsoft Corp.,Oracle Corp.&nbsp;and Tencent Holdings Ltd.AMD’s Radeon GPUs for gaming hardware and its Ryzen line of chips used in PCs and laptops are equally successful.</p><p><blockquote>Thrivent 科技分析师 Peter Karazeris 表示，在过去几年中，AMD 推出了极具竞争力的芯片系列，这要归功于 2014 年上任的首席执行官 Lisa Su 的领导。这让AMD重新回到了游戏中。AMD 用于服务器的 EPYC 系列处理器已被主要云提供商广泛使用，包括亚马逊公司、Alphabet 公司、微软公司、甲骨文公司和腾讯控股控股有限公司。</blockquote></p><p> Besides better chip design, AMD has pulled ahead by drawing on advanced manufacturing capabilities of Taiwan Semiconductor&nbsp;Manufacturing Co. Ltd.,which can pack more punch in chips through the use of smaller, 7 nanometer transistors. Intel is stuck back at 10 nanometers.</p><p><blockquote>除了更好的芯片设计，AMD还通过利用台积电有限公司的先进制造能力取得了领先，该公司可以通过使用更小的7纳米晶体管在芯片中注入更多的冲击力。英特尔停留在10纳米。</blockquote></p><p> Here’s the upshot in all of this: AMD is a solid play on the megatrend of cloud computing and the related data center buildout. It’s a bet on the increasing complexity of artificial intelligence and big data analytics. And its GPU chips give Nvidia a run for the money. That makes AMD a play on the new Xbox and Sony PlayStation console upgrade cycle and the potential release of a new Nintendo Switch later this year. AMD is also now a serious contender in PCs and notebooks.</p><p><blockquote>这一切的结果如下： AMD 是云计算和相关数据中心建设大趋势的坚实基础。这是对人工智能和大数据分析日益复杂性的押注。它的 GPU 芯片让 Nvidia 物有所值。这使得 AMD 参与了新的 Xbox 和索尼 PlayStation 游戏机升级周期，以及今年晚些时候可能发布的新任天堂 Switch。AMD现在也是个人电脑和笔记本电脑领域的有力竞争者。</blockquote></p><p> “Our goal at AMD is to really be the leader in the high-performance computing wave,” says Su.</p><p><blockquote>“我们在 AMD 的目标是真正成为高性能计算浪潮中的领导者，”Su 说。</blockquote></p><p> She’s getting her way, and you can see the success in the numbers. First-quarter sales grew 93% year-over-year and 6% sequentially. AMD guided for 50% sales growth for the year, up from prior guidance of 37% growth.</p><p><blockquote>她正在如鱼得水，你可以从数字中看到成功。第一季度销售额同比增长 93%，环比增长 6%。AMD 预计今年销售额增长 50%，高于之前 37% 的增长预期。</blockquote></p><p> “We believe this guidance should be easily attainable, particularly as Intel deals with manufacturing challenges,” says Morningstar analyst Abhinav Davuluri.</p><p><blockquote>“晨星公司分析师阿比纳夫-达武鲁里（Abhinav Davuluri）说：”我们相信，这一指导应该很容易实现，尤其是在英特尔应对制造挑战的时候。</blockquote></p><p> In CPUs, sales are growing faster than those of the overall industry, which tells us AMD is gaining share from competitors.</p><p><blockquote>在 CPU 方面，销量增长速度快于整个行业，这告诉我们 AMD 正在从竞争对手那里获得份额。</blockquote></p><p> “We expect continued share growth through the balance of the year and into 2022,” says Goldman Sachs analyst Toshiya Hari, who has a buy rating and a $106 price target on AMD. The chip company is on Goldman’s “conviction list” of highly favored companies.</p><p><blockquote>“高盛分析师 Toshiya Hari 表示：”我们预计今年剩余时间和 2022 年的股价将持续增长，他对 AMD 给予买入评级，目标价为 106 美元。这家芯片公司在高盛备受青睐的 “定罪名单 ”上。</blockquote></p><p> Here’s how AMD stacks up against competitors in terms of growth in the most recent quarter, profit margins and valuation:</p><p><blockquote>以下是 AMD 在最近一个季度的增长、利润率和估值方面与竞争对手的比较情况：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cc890546f0d4079834223660e88bc00d\" tg-width=\"1260\" tg-height=\"387\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Cash and cash flow</b></p><p><blockquote><b>现金及现金流量</b></blockquote></p><p> Big cash positions and solid cash flow are positives for investors because they give companies freedom that comes from reliance on banks for financing. Strong cash positions also support investor-friendly moves, such as buybacks and dividends.</p><p><blockquote>大量现金头寸和稳定的现金流对投资者来说是积极的，因为它们为公司提供了依赖银行融资的自由。强劲的现金头寸也支持有利于投资者的举措，例如回购和股息。</blockquote></p><p> Thanks to all the growth, AMD’s cash position rose sharply last year to $2.3 billion, from $1.5 billion in 2019. AMD doesn’t pay a dividend, but its board recently approved a large $4 billion share repurchase. As the company’s first big return of cash to shareholders, this represents about 4% of AMD’s market capitalization. It also signals the company’s confidence in its business and ability to continue generating solid free cash flow despite rising concerns about intensifying competition, says Deutsche Bank analyst Ross Seymore.</p><p><blockquote>得益于所有这些增长，AMD 去年的现金头寸从 2019 年的 15 亿美元大幅上升至 23 亿美元。AMD 不支付股息，但其董事会最近批准了一项价值 40 亿美元的大规模股票回购。作为该公司首次向股东返还巨额现金，约占 AMD 市值的 4%。德意志银行分析师罗斯-西莫尔（Ross Seymore）说，这也表明该公司对其业务充满信心，并有能力继续产生稳定的自由现金流，尽管人们越来越担心竞争加剧。</blockquote></p><p> Here’s a look at AMD’s cash position and cash flow&nbsp; growth, relative to competitors. The numbers for Marvell Technology Inc.&nbsp;are through Jan. 30, 2021. The rest are for the first quarter:</p><p><blockquote>以下是 AMD 相对于竞争对手的现金状况和现金流增长情况。Marvell Technology Inc.的数据截至2021年1月30日。其余的是第一季度：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/798ea9650ce6e4247ba91b6912e48a82\" tg-width=\"1260\" tg-height=\"453\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Global reach</b></p><p><blockquote><b>全球影响力</b></blockquote></p><p></p><p> AMD books sales in many regions. That’s a positive when global growth is as strong as it is now — lifted by $30 trillion in fiscal and monetary stimulus worldwide. Big exposure to China could be a risk because of U.S.-China tensions, but this issue seems to be diminishing a bit under President Biden, at least so far.</p><p><blockquote>AMD图书在许多地区的销售。在全球经济增长像现在这样强劲的情况下，这是一个积极因素--全球30万亿美元的财政和货币刺激措施推动了这一增长。由于美中关系紧张，大量接触中国可能是一种风险，但至少到目前为止，这个问题似乎在拜登总统的领导下有所减少。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/04e42a7c55f914ecd7ddb2cbf8562253\" tg-width=\"1259\" tg-height=\"772\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Stock valuation and performance</b></p><p><blockquote><b>股票估值和表现</b></blockquote></p><p> By most measures, AMD is the second-priciest stock in its group. But given the growth, it’s justified.</p><p><blockquote>从大多数标准来看，AMD 是同类产品中第二贵的股票。但考虑到增长情况，这是合理的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5b26407edc4248424b878d3024bb9ac2\" tg-width=\"1260\" tg-height=\"550\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Wall Street’s opinion</b></p><p><blockquote><b>华尔街观点</b></blockquote></p><p> As a group, Wall Street analysts are predicting the biggest gains for AMD, among all the companies in its space. It’s also notable that only 61% of analysts have a buy rating, lower than the percentages for Nvidia, Broadcom Inc.,Marvell and Analog Devices Inc..For investors, this is a positive because it tells us there’s more room for sell-side analysts to turn bullish and drive their clients into the name.</p><p><blockquote>作为一个集团，华尔街分析师预测 AMD 的涨幅将是该领域所有公司中最大的。值得注意的是，只有 61% 的分析师给予买入评级，低于英伟达、博通公司、Marvell 和 Analog Devices Inc..的比例。对投资者来说，这是一个积极因素，因为它告诉我们卖方分析师有更大的空间转向看涨，并推动他们的客户买入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/995f76673215ab81971fbc2e8ace0641\" tg-width=\"1260\" tg-height=\"551\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p> One big risk for AMD is that Intel stages a comeback, notes Tony Wang, a tech analyst at T. Rowe Price. Intel has done so before. But AMD still has a few tricks up its sleeve.</p><p><blockquote>T. Rowe Price 的科技分析师 Tony Wang 指出，AMD 面临的一大风险是英特尔卷土重来。英特尔以前也这样做过。但是AMD仍然有一些诀窍。</blockquote></p><p> It recently launched a more advanced version of its EPYC processor, codenamed Milan. This line of server chips will ramp up sales in the second half of this year. AMD is making the leap to even more efficient 5 nanometer production with a line of chips dubbed Genoa, slated for release in 2022. These two rollouts will allow AMD to continue its market-share gains against competitors including Intel, says Jefferies analyst Mark&nbsp;Lipacis — one reason he has a “buy” rating and a $110 price target on the stock.</p><p><blockquote>它最近推出了EPYC处理器的更高级版本，代号为Milan。该系列服务器芯片将在今年下半年增加销量。AMD 正在通过名为 Genoa 的芯片系列实现更高效的 5 纳米生产，预计将于 2022 年发布。杰富瑞（Jefferies）分析师马克-利帕西斯（Mark Lipacis）表示，这两款产品的推出将使 AMD 能够继续在与包括英特尔在内的竞争对手的市场份额增长--这也是他给予该股 “买入 ”评级和 110 美元目标价的原因之一。</blockquote></p><p> AMD is also rolling out next-generation GPUs based on its Compute DNA (CDNA)&nbsp;chip architecture, for use in data centers. And AMD’s merger with Xilinx Inc.&nbsp;later this year should help AMD produce even more sophisticated chips by incorporating Xilinx’s field-programmable gate array (FPGA) capabilities into its chip designs. FPGA gives customers more leeway to customize chips for their own needs.</p><p><blockquote>AMD 还推出了基于其计算 DNA (CDNA) 芯片架构的下一代 GPU，用于数据中心。今年晚些时候，AMD 与 Xilinx Inc. 将 Xilinx 的现场可编程门阵列 (FPGA) 功能融入其芯片设计中，从而帮助 AMD 生产出更复杂的芯片。FPGA为客户提供了更多的余地来根据自己的需求定制芯片。</blockquote></p><p> Other risks include the cyclical nature of the chip industry and the unpredictable demand from consumers and companies as economic growth rates change. One more threat is the broader adoption of competing chips based on ARM (advanced RISC machines) technology.</p><p><blockquote>其他风险包括芯片行业的周期性，以及随着经济增长率的变化，消费者和公司的需求不可预测。另一个威胁是基于ARM（先进RISC机器）技术的竞争芯片的更广泛采用。</blockquote></p><p> <b>Important dates</b></p><p><blockquote><b>重要日期</b></blockquote></p><p> <b>July 26:</b>Second-quarter earnings release.</p><p><blockquote><b>7月26日：</b>第二季度收益发布。</blockquote></p><p> <b>Oct. 25:</b>Third-quarter earnings release.</p><p><blockquote><b>10月25日：</b>第三季度收益发布。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/amds-stock-has-been-left-behind-but-not-for-long-heres-why-11623343634?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司"},"source_url":"https://www.marketwatch.com/story/amds-stock-has-been-left-behind-but-not-for-long-heres-why-11623343634?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163127718","content_text":"Advanced Micro Devices has a slew of new cutting-edge products, not to mention a key acquisition, to accelerate growth.\n(GETTY IMAGES)\nTechnology as a sector still looks like a buy after a recent rebound, but one chip stock stands out in particular.\nWhile the iShares PHLX Semiconductor ETF and Nvidia Corp.NVDAhave recovered from their May swoons, Advanced Micro Devices Inc. hasn’t yet fully rebounded. This makes the stock look like one to own, even though it is up 517% since I last suggested itin February 2017, compared with gains of 80% for the S&P 500 and 140% for Nasdaq Composite Index.\nLet’s take a look at why, and how AMD stacks up against competitors.\nKey dynamics\nAdvanced Micro Devices designs central processing units (CPUs) and graphics processing units (GPUs) used in data center servers, PCs and videogame consoles. That makes it a play on two of the biggest trends in tech right now — migration to the cloud and videogame hardware. Historically, the company lagged Intel Corp..But it has now surpassed its rival because of innovative chip designs and manufacturing issues at Intel.\nOver the past few years, AMD has rolled out highly competitive lines of chips, thanks to the leadership of CEO Lisa Su, who took the helm in 2014, says tech analyst Peter Karazeris at Thrivent. This put AMD back in the game. AMD’s EPYC series of processors for servers has been endorsed by broad usage among the main cloud providers — including Amazon Inc.,Alphabet Inc.,Microsoft Corp.,Oracle Corp. and Tencent Holdings Ltd.AMD’s Radeon GPUs for gaming hardware and its Ryzen line of chips used in PCs and laptops are equally successful.\nBesides better chip design, AMD has pulled ahead by drawing on advanced manufacturing capabilities of Taiwan Semiconductor Manufacturing Co. Ltd.,which can pack more punch in chips through the use of smaller, 7 nanometer transistors. Intel is stuck back at 10 nanometers.\nHere’s the upshot in all of this: AMD is a solid play on the megatrend of cloud computing and the related data center buildout. It’s a bet on the increasing complexity of artificial intelligence and big data analytics. And its GPU chips give Nvidia a run for the money. That makes AMD a play on the new Xbox and Sony PlayStation console upgrade cycle and the potential release of a new Nintendo Switch later this year. AMD is also now a serious contender in PCs and notebooks.\n“Our goal at AMD is to really be the leader in the high-performance computing wave,” says Su.\nShe’s getting her way, and you can see the success in the numbers. First-quarter sales grew 93% year-over-year and 6% sequentially. AMD guided for 50% sales growth for the year, up from prior guidance of 37% growth.\n“We believe this guidance should be easily attainable, particularly as Intel deals with manufacturing challenges,” says Morningstar analyst Abhinav Davuluri.\nIn CPUs, sales are growing faster than those of the overall industry, which tells us AMD is gaining share from competitors.\n“We expect continued share growth through the balance of the year and into 2022,” says Goldman Sachs analyst Toshiya Hari, who has a buy rating and a $106 price target on AMD. The chip company is on Goldman’s “conviction list” of highly favored companies.\nHere’s how AMD stacks up against competitors in terms of growth in the most recent quarter, profit margins and valuation:\n(FACTSET)\nCash and cash flow\nBig cash positions and solid cash flow are positives for investors because they give companies freedom that comes from reliance on banks for financing. Strong cash positions also support investor-friendly moves, such as buybacks and dividends.\nThanks to all the growth, AMD’s cash position rose sharply last year to $2.3 billion, from $1.5 billion in 2019. AMD doesn’t pay a dividend, but its board recently approved a large $4 billion share repurchase. As the company’s first big return of cash to shareholders, this represents about 4% of AMD’s market capitalization. It also signals the company’s confidence in its business and ability to continue generating solid free cash flow despite rising concerns about intensifying competition, says Deutsche Bank analyst Ross Seymore.\nHere’s a look at AMD’s cash position and cash flow  growth, relative to competitors. The numbers for Marvell Technology Inc. are through Jan. 30, 2021. The rest are for the first quarter:\n(FACTSET)\nGlobal reach\nAMD books sales in many regions. That’s a positive when global growth is as strong as it is now — lifted by $30 trillion in fiscal and monetary stimulus worldwide. Big exposure to China could be a risk because of U.S.-China tensions, but this issue seems to be diminishing a bit under President Biden, at least so far.\n(FACTSET)\nStock valuation and performance\nBy most measures, AMD is the second-priciest stock in its group. But given the growth, it’s justified.\n(FACTSET)\nWall Street’s opinion\nAs a group, Wall Street analysts are predicting the biggest gains for AMD, among all the companies in its space. It’s also notable that only 61% of analysts have a buy rating, lower than the percentages for Nvidia, Broadcom Inc.,Marvell and Analog Devices Inc..For investors, this is a positive because it tells us there’s more room for sell-side analysts to turn bullish and drive their clients into the name.\n(FACTSET)\nRisks\nOne big risk for AMD is that Intel stages a comeback, notes Tony Wang, a tech analyst at T. Rowe Price. Intel has done so before. But AMD still has a few tricks up its sleeve.\nIt recently launched a more advanced version of its EPYC processor, codenamed Milan. This line of server chips will ramp up sales in the second half of this year. AMD is making the leap to even more efficient 5 nanometer production with a line of chips dubbed Genoa, slated for release in 2022. These two rollouts will allow AMD to continue its market-share gains against competitors including Intel, says Jefferies analyst Mark Lipacis — one reason he has a “buy” rating and a $110 price target on the stock.\nAMD is also rolling out next-generation GPUs based on its Compute DNA (CDNA) chip architecture, for use in data centers. And AMD’s merger with Xilinx Inc. later this year should help AMD produce even more sophisticated chips by incorporating Xilinx’s field-programmable gate array (FPGA) capabilities into its chip designs. FPGA gives customers more leeway to customize chips for their own needs.\nOther risks include the cyclical nature of the chip industry and the unpredictable demand from consumers and companies as economic growth rates change. One more threat is the broader adoption of competing chips based on ARM (advanced RISC machines) technology.\nImportant dates\nJuly 26:Second-quarter earnings release.\nOct. 25:Third-quarter earnings release.","news_type":1,"symbols_score_info":{"AMD":0.9}},"isVote":1,"tweetType":1,"viewCount":3105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184176077,"gmtCreate":1623693844699,"gmtModify":1634029968657,"author":{"id":"3583669366978952","authorId":"3583669366978952","name":"ttm17396","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583669366978952","idStr":"3583669366978952"},"themes":[],"title":"","htmlText":"That's great","listText":"That's great","text":"That's great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/184176077","repostId":"1109202972","repostType":4,"isVote":1,"tweetType":1,"viewCount":3222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185789968,"gmtCreate":1623673456854,"gmtModify":1634030294770,"author":{"id":"3583669366978952","authorId":"3583669366978952","name":"ttm17396","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583669366978952","idStr":"3583669366978952"},"themes":[],"title":"","htmlText":"surprising","listText":"surprising","text":"surprising","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/185789968","repostId":"1138219989","repostType":2,"repost":{"id":"1138219989","kind":"news","pubTimestamp":1623650085,"share":"https://www.laohunote.com/m/news/1138219989?lang=zh_CN&edition=full","pubTime":"2021-06-14 13:54","market":"us","language":"en","title":"What to Expect in This Week’s Federal Reserve Meeting<blockquote>本周美联储会议值得期待</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1138219989","media":"Barrons","summary":"As the Federal Open Market Committee holds its regular policy meeting this coming week, once again a","content":"<p>As the Federal Open Market Committee holds its regular policy meeting this coming week, once again analysts and investors should flip the Nixon-era cliché and watch what they say, not what they do. What everybody wants to know is whether the panel finally has gotten around to talking about talking about moving away from its ubereasy monetary policy.</p><p><blockquote>随着联邦公开市场委员会下周召开定期政策会议，分析师和投资者应该再次颠覆尼克松时代的陈词滥调，关注他们所说的，而不是他们所做的。每个人都想知道的是，该小组是否最终开始谈论放弃其超级宽松的货币政策。</blockquote></p><p> We all know that the FOMC won’t take any substantive steps in terms of its massive securities purchases, which are still running at $120 billion a month. As for its key federal-funds rate target, that’s stuck at 0% to 0.25% (although there’s an outside chance of technical tweaking of some other Fed-administered rates to address the billions in excess cash sloshing around in the money markets).</p><p><blockquote>我们都知道，联邦公开市场委员会（FOMC）不会在其大规模证券购买方面采取任何实质性措施，而这些证券购买仍在以每月1200亿美元的速度进行。至于其主要的联邦基金利率目标，则停留在 0% 至 0.25%（尽管美联储管理的其他一些利率有可能进行技术性调整，以解决货币市场上数十亿美元的过剩现金问题）。</blockquote></p><p> We’ll be looking for what’s in the FOMC’s formal policy statement and the panel’s updated Summary of Economic Projections, which will include the amalgam of the committee members’ guesses on key economic gauges, such as gross domestic product, inflation, and unemployment. Most likely, when that is posted&nbsp;on the Fed’s website&nbsp;at 2 p.m. Eastern Daylight Time on Wednesday, most folks will probably head straight for the FOMC’s guesses on the fed-funds rate, and specifically when liftoff from near-zero is finally expected.</p><p><blockquote>我们将关注联邦公开市场委员会的正式政策声明和该小组最新的经济预测摘要，其中将包括委员会成员对国内生产总值、通货膨胀和失业率等关键经济指标的猜测。最有可能的是，当美联储网站于美国东部时间周三下午 2 点公布这一消息时，大多数人可能会直奔联邦公开市场委员会对联邦基金利率的猜测，特别是何时最终有望从接近于零的水平回升。</blockquote></p><p> The “dot plot”—or graph of the FOMC members’ consensus guesses—puts the first hike all the way out past 2023. That seems a very long-term forecast, and as John Maynard Keynes famously pointed out, in the long run we’re all dead. Some Fed watchers, such as J.P. Morgan’s chief U.S. economist, Michael Feroli, look for the dots to show a 2023 liftoff.</p><p><blockquote>“点阵图”--或联邦公开市场委员会成员一致猜测的图表--将首次加息一直推迟到 2023 年之后。这似乎是一个非常长期的预测，正如约翰-梅纳德-凯恩斯（John Maynard Keynes）的名言，从长远来看，我们都死了。摩根大通（J.P. Morgan）首席美国经济学家迈克尔-费罗利（Michael Feroli）等一些美联储观察家认为，美联储将在2023年有所回升。</blockquote></p><p> The markets, however, already had been pricing in one or more fed-funds rate hikes by 2023. But concurrent with the previously discussed slide in longer-term bond yields, the interest-rate futures markets have effectively priced out one of those short-term rate increases. In addition, the derivatives market now sees the fed-funds rate peaking under 2%, some 0.4 of a percentage point lower than what it had priced in earlier this year, according to analysts for&nbsp;Natixis.</p><p><blockquote>然而，市场已经预计到 2023 年联邦基金将加息一次或多次。但在之前讨论的长期债券收益率下滑的同时，利率期货市场实际上已经将其中一次短期加息定价。此外，据 Natixis 分析师称，衍生品市场目前联邦基金利率峰值低于 2%，比今年早些时候的定价低约 0.4 个百分点。</blockquote></p><p> Long before making any rate hikes, the Fed will begin to lessen its accommodation by slowing its current pace of securities purchases, which consist of $80 billion of Treasuries and $40 billion of agency mortgage-backed securities every month. The trillions that the Federal Reserve and other central banks have created have gone a long way to boost the values of assets, which rose by $5 trillion, to $136.9 trillion, in the first quarter, according to new Fed data released this past week. That includes a $3.2 trillion rise in the value of equities owned by households and a $968 billion rise in their real estate holdings.</p><p><blockquote>早在加息之前，美联储就会开始通过放缓目前的证券购买步伐来减少宽松，其中包括每月 800 亿美元的国债和 400 亿美元的机构抵押贷款支持证券。根据美联储上周发布的新数据，美联储和其他央行创造的数万亿美元对第一季度资产价值的提升大有帮助，资产价值增加了5万亿美元，达到136.9万亿美元。其中包括家庭持有的股票价值增加 3.2 万亿美元，家庭持有的房地产增加 9,680 亿美元。</blockquote></p><p> The key criterion for reduced Fed accommodation is whether the monetary authorities see “substantial further progress” toward reaching what they deem as maximum employment, probably a deliberately ambiguous standard.</p><p><blockquote>美联储减少宽松政策的关键标准是货币当局是否认为在实现他们认为的最大就业方面取得了 “实质性的进一步进展”，这可能是一个故意模糊的标准。</blockquote></p><p> But the increase in payrolls appears to be constrained as much by the supply of labor as businesses’ desire to hire. The latest Job Openings and Labor Turnover Survey, or Jolts, showed&nbsp;a record 9.3 million unfilled openings&nbsp;in April. In addition, 384,000 people left their positions that month, bringing the total of voluntary job quitters to a record four million.</p><p><blockquote>但就业人数的增长似乎既受到劳动力供应的制约，也受到企业招聘意愿的制约。最新的职位空缺和劳动力流动调查（Jolts）显示，4月份有创纪录的930万个职位空缺。此外，当月有384,000人离职，使自愿离职的总人数达到创纪录的400万。</blockquote></p><p> Anecdotal evidence, including some in the Fed’s beige book summary of economic conditions prepared for the coming meeting, suggests that employers aren’t finding enough workers because of generous unemployment compensation. Unusual for a social science such as economics, there will be a real-time experiment to test this hypothesis as 25 states end the extra $300 weekly payment early.</p><p><blockquote>一些轶事证据，包括美联储为即将召开的会议准备的褐皮书《经济状况摘要》中的一些轶事证据，表明由于丰厚的失业救济金，雇主找不到足够的工人。对于经济学等社会科学来说，这是不寻常的，随着 25 个州提前结束每周额外 300 美元的付款，将会有一个实时实验来检验这一假设。</blockquote></p><p> Jefferies economists Aneta Markowska and Thomas Simons write in a research note that these 25 states account for about a quarter of all the unemployed workers. Ending their extra jobless benefits could boost employment by roughly two million in the next few months, they estimate. Another growth spurt should follow in September and October after the extra unemployment insurance expires in the remaining states; schools reopen—providing free daycare for some would-be workers, especially women; and many office employees return to their desks, they add.</p><p><blockquote>杰富瑞经济学家Aneta Markowska和Thomas Simons在一份研究报告中写道，这25个州约占所有失业工人的四分之一。他们估计，结束额外的失业救济金可能会在未来几个月内增加大约200万人的就业机会。在其余州的额外失业保险到期后，9月和10月应该会出现另一次增长激增；学校重新开放——为一些未来的工人，尤其是妇女提供免费日托；他们补充说，许多上班族回到了办公桌前。</blockquote></p><p> At that point, the Fed might start talking about actually reducing its massive securities purchases. Given the “taper tantrum” thrown by the markets when the central bank slowed its bond buying in 2013, this Fed will want to disclose how, when, and how fast it plans to slow its pour into the punch bowl. That’s what we’ll be listening for this week.</p><p><blockquote>到那时，美联储可能会开始谈论实际减少其大规模证券购买。鉴于美联储在 2013 年放缓债券购买速度时市场掀起了 “缩减债券狂潮”，本届美联储将希望披露其计划如何、何时以及以多快的速度放缓向潘趣酒碗中注入债券。这就是我们本周将收听的内容。</blockquote></p><p></p>","source":"lsy1601382232898","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>What to Expect in This Week’s Federal Reserve Meeting<blockquote>本周美联储会议值得期待</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nWhat to Expect in This Week’s Federal Reserve Meeting<blockquote>本周美联储会议值得期待</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-06-14 13:54</span>\n</p>\n</h4>\n</header>\n<article>\n<p>As the Federal Open Market Committee holds its regular policy meeting this coming week, once again analysts and investors should flip the Nixon-era cliché and watch what they say, not what they do. What everybody wants to know is whether the panel finally has gotten around to talking about talking about moving away from its ubereasy monetary policy.</p><p><blockquote>随着联邦公开市场委员会下周召开定期政策会议，分析师和投资者应该再次颠覆尼克松时代的陈词滥调，关注他们所说的，而不是他们所做的。每个人都想知道的是，该小组是否最终开始谈论放弃其超级宽松的货币政策。</blockquote></p><p> We all know that the FOMC won’t take any substantive steps in terms of its massive securities purchases, which are still running at $120 billion a month. As for its key federal-funds rate target, that’s stuck at 0% to 0.25% (although there’s an outside chance of technical tweaking of some other Fed-administered rates to address the billions in excess cash sloshing around in the money markets).</p><p><blockquote>我们都知道，联邦公开市场委员会（FOMC）不会在其大规模证券购买方面采取任何实质性措施，而这些证券购买仍在以每月1200亿美元的速度进行。至于其主要的联邦基金利率目标，则停留在 0% 至 0.25%（尽管美联储管理的其他一些利率有可能进行技术性调整，以解决货币市场上数十亿美元的过剩现金问题）。</blockquote></p><p> We’ll be looking for what’s in the FOMC’s formal policy statement and the panel’s updated Summary of Economic Projections, which will include the amalgam of the committee members’ guesses on key economic gauges, such as gross domestic product, inflation, and unemployment. Most likely, when that is posted&nbsp;on the Fed’s website&nbsp;at 2 p.m. Eastern Daylight Time on Wednesday, most folks will probably head straight for the FOMC’s guesses on the fed-funds rate, and specifically when liftoff from near-zero is finally expected.</p><p><blockquote>我们将关注联邦公开市场委员会的正式政策声明和该小组最新的经济预测摘要，其中将包括委员会成员对国内生产总值、通货膨胀和失业率等关键经济指标的猜测。最有可能的是，当美联储网站于美国东部时间周三下午 2 点公布这一消息时，大多数人可能会直奔联邦公开市场委员会对联邦基金利率的猜测，特别是何时最终有望从接近于零的水平回升。</blockquote></p><p> The “dot plot”—or graph of the FOMC members’ consensus guesses—puts the first hike all the way out past 2023. That seems a very long-term forecast, and as John Maynard Keynes famously pointed out, in the long run we’re all dead. Some Fed watchers, such as J.P. Morgan’s chief U.S. economist, Michael Feroli, look for the dots to show a 2023 liftoff.</p><p><blockquote>“点阵图”--或联邦公开市场委员会成员一致猜测的图表--将首次加息一直推迟到 2023 年之后。这似乎是一个非常长期的预测，正如约翰-梅纳德-凯恩斯（John Maynard Keynes）的名言，从长远来看，我们都死了。摩根大通（J.P. Morgan）首席美国经济学家迈克尔-费罗利（Michael Feroli）等一些美联储观察家认为，美联储将在2023年有所回升。</blockquote></p><p> The markets, however, already had been pricing in one or more fed-funds rate hikes by 2023. But concurrent with the previously discussed slide in longer-term bond yields, the interest-rate futures markets have effectively priced out one of those short-term rate increases. In addition, the derivatives market now sees the fed-funds rate peaking under 2%, some 0.4 of a percentage point lower than what it had priced in earlier this year, according to analysts for&nbsp;Natixis.</p><p><blockquote>然而，市场已经预计到 2023 年联邦基金将加息一次或多次。但在之前讨论的长期债券收益率下滑的同时，利率期货市场实际上已经将其中一次短期加息定价。此外，据 Natixis 分析师称，衍生品市场目前联邦基金利率峰值低于 2%，比今年早些时候的定价低约 0.4 个百分点。</blockquote></p><p> Long before making any rate hikes, the Fed will begin to lessen its accommodation by slowing its current pace of securities purchases, which consist of $80 billion of Treasuries and $40 billion of agency mortgage-backed securities every month. The trillions that the Federal Reserve and other central banks have created have gone a long way to boost the values of assets, which rose by $5 trillion, to $136.9 trillion, in the first quarter, according to new Fed data released this past week. That includes a $3.2 trillion rise in the value of equities owned by households and a $968 billion rise in their real estate holdings.</p><p><blockquote>早在加息之前，美联储就会开始通过放缓目前的证券购买步伐来减少宽松，其中包括每月 800 亿美元的国债和 400 亿美元的机构抵押贷款支持证券。根据美联储上周发布的新数据，美联储和其他央行创造的数万亿美元对第一季度资产价值的提升大有帮助，资产价值增加了5万亿美元，达到136.9万亿美元。其中包括家庭持有的股票价值增加 3.2 万亿美元，家庭持有的房地产增加 9,680 亿美元。</blockquote></p><p> The key criterion for reduced Fed accommodation is whether the monetary authorities see “substantial further progress” toward reaching what they deem as maximum employment, probably a deliberately ambiguous standard.</p><p><blockquote>美联储减少宽松政策的关键标准是货币当局是否认为在实现他们认为的最大就业方面取得了 “实质性的进一步进展”，这可能是一个故意模糊的标准。</blockquote></p><p> But the increase in payrolls appears to be constrained as much by the supply of labor as businesses’ desire to hire. The latest Job Openings and Labor Turnover Survey, or Jolts, showed&nbsp;a record 9.3 million unfilled openings&nbsp;in April. In addition, 384,000 people left their positions that month, bringing the total of voluntary job quitters to a record four million.</p><p><blockquote>但就业人数的增长似乎既受到劳动力供应的制约，也受到企业招聘意愿的制约。最新的职位空缺和劳动力流动调查（Jolts）显示，4月份有创纪录的930万个职位空缺。此外，当月有384,000人离职，使自愿离职的总人数达到创纪录的400万。</blockquote></p><p> Anecdotal evidence, including some in the Fed’s beige book summary of economic conditions prepared for the coming meeting, suggests that employers aren’t finding enough workers because of generous unemployment compensation. Unusual for a social science such as economics, there will be a real-time experiment to test this hypothesis as 25 states end the extra $300 weekly payment early.</p><p><blockquote>一些轶事证据，包括美联储为即将召开的会议准备的褐皮书《经济状况摘要》中的一些轶事证据，表明由于丰厚的失业救济金，雇主找不到足够的工人。对于经济学等社会科学来说，这是不寻常的，随着 25 个州提前结束每周额外 300 美元的付款，将会有一个实时实验来检验这一假设。</blockquote></p><p> Jefferies economists Aneta Markowska and Thomas Simons write in a research note that these 25 states account for about a quarter of all the unemployed workers. Ending their extra jobless benefits could boost employment by roughly two million in the next few months, they estimate. Another growth spurt should follow in September and October after the extra unemployment insurance expires in the remaining states; schools reopen—providing free daycare for some would-be workers, especially women; and many office employees return to their desks, they add.</p><p><blockquote>杰富瑞经济学家Aneta Markowska和Thomas Simons在一份研究报告中写道，这25个州约占所有失业工人的四分之一。他们估计，结束额外的失业救济金可能会在未来几个月内增加大约200万人的就业机会。在其余州的额外失业保险到期后，9月和10月应该会出现另一次增长激增；学校重新开放——为一些未来的工人，尤其是妇女提供免费日托；他们补充说，许多上班族回到了办公桌前。</blockquote></p><p> At that point, the Fed might start talking about actually reducing its massive securities purchases. Given the “taper tantrum” thrown by the markets when the central bank slowed its bond buying in 2013, this Fed will want to disclose how, when, and how fast it plans to slow its pour into the punch bowl. That’s what we’ll be listening for this week.</p><p><blockquote>到那时，美联储可能会开始谈论实际减少其大规模证券购买。鉴于美联储在 2013 年放缓债券购买速度时市场掀起了 “缩减债券狂潮”，本届美联储将希望披露其计划如何、何时以及以多快的速度放缓向潘趣酒碗中注入债券。这就是我们本周将收听的内容。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/what-to-expect-in-next-weeks-federal-reserve-meeting-51623457837?mod=RTA\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/what-to-expect-in-next-weeks-federal-reserve-meeting-51623457837?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138219989","content_text":"As the Federal Open Market Committee holds its regular policy meeting this coming week, once again analysts and investors should flip the Nixon-era cliché and watch what they say, not what they do. What everybody wants to know is whether the panel finally has gotten around to talking about talking about moving away from its ubereasy monetary policy.\nWe all know that the FOMC won’t take any substantive steps in terms of its massive securities purchases, which are still running at $120 billion a month. As for its key federal-funds rate target, that’s stuck at 0% to 0.25% (although there’s an outside chance of technical tweaking of some other Fed-administered rates to address the billions in excess cash sloshing around in the money markets).\nWe’ll be looking for what’s in the FOMC’s formal policy statement and the panel’s updated Summary of Economic Projections, which will include the amalgam of the committee members’ guesses on key economic gauges, such as gross domestic product, inflation, and unemployment. Most likely, when that is posted on the Fed’s website at 2 p.m. Eastern Daylight Time on Wednesday, most folks will probably head straight for the FOMC’s guesses on the fed-funds rate, and specifically when liftoff from near-zero is finally expected.\nThe “dot plot”—or graph of the FOMC members’ consensus guesses—puts the first hike all the way out past 2023. That seems a very long-term forecast, and as John Maynard Keynes famously pointed out, in the long run we’re all dead. Some Fed watchers, such as J.P. Morgan’s chief U.S. economist, Michael Feroli, look for the dots to show a 2023 liftoff.\nThe markets, however, already had been pricing in one or more fed-funds rate hikes by 2023. But concurrent with the previously discussed slide in longer-term bond yields, the interest-rate futures markets have effectively priced out one of those short-term rate increases. In addition, the derivatives market now sees the fed-funds rate peaking under 2%, some 0.4 of a percentage point lower than what it had priced in earlier this year, according to analysts for Natixis.\nLong before making any rate hikes, the Fed will begin to lessen its accommodation by slowing its current pace of securities purchases, which consist of $80 billion of Treasuries and $40 billion of agency mortgage-backed securities every month. The trillions that the Federal Reserve and other central banks have created have gone a long way to boost the values of assets, which rose by $5 trillion, to $136.9 trillion, in the first quarter, according to new Fed data released this past week. That includes a $3.2 trillion rise in the value of equities owned by households and a $968 billion rise in their real estate holdings.\nThe key criterion for reduced Fed accommodation is whether the monetary authorities see “substantial further progress” toward reaching what they deem as maximum employment, probably a deliberately ambiguous standard.\nBut the increase in payrolls appears to be constrained as much by the supply of labor as businesses’ desire to hire. The latest Job Openings and Labor Turnover Survey, or Jolts, showed a record 9.3 million unfilled openings in April. In addition, 384,000 people left their positions that month, bringing the total of voluntary job quitters to a record four million.\nAnecdotal evidence, including some in the Fed’s beige book summary of economic conditions prepared for the coming meeting, suggests that employers aren’t finding enough workers because of generous unemployment compensation. Unusual for a social science such as economics, there will be a real-time experiment to test this hypothesis as 25 states end the extra $300 weekly payment early.\nJefferies economists Aneta Markowska and Thomas Simons write in a research note that these 25 states account for about a quarter of all the unemployed workers. Ending their extra jobless benefits could boost employment by roughly two million in the next few months, they estimate. Another growth spurt should follow in September and October after the extra unemployment insurance expires in the remaining states; schools reopen—providing free daycare for some would-be workers, especially women; and many office employees return to their desks, they add.\nAt that point, the Fed might start talking about actually reducing its massive securities purchases. Given the “taper tantrum” thrown by the markets when the central bank slowed its bond buying in 2013, this Fed will want to disclose how, when, and how fast it plans to slow its pour into the punch bowl. That’s what we’ll be listening for this week.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2446,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185765822,"gmtCreate":1623674258466,"gmtModify":1634030282087,"author":{"id":"3583669366978952","authorId":"3583669366978952","name":"ttm17396","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583669366978952","idStr":"3583669366978952"},"themes":[],"title":"","htmlText":"Good news!&nbsp;","listText":"Good news!&nbsp;","text":"Good news!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/185765822","repostId":"1106104418","repostType":4,"isVote":1,"tweetType":1,"viewCount":2642,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185789581,"gmtCreate":1623673503343,"gmtModify":1634030294185,"author":{"id":"3583669366978952","authorId":"3583669366978952","name":"ttm17396","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583669366978952","idStr":"3583669366978952"},"themes":[],"title":"","htmlText":"Again?","listText":"Again?","text":"Again?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/185789581","repostId":"2143778219","repostType":4,"isVote":1,"tweetType":1,"viewCount":2949,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185715493,"gmtCreate":1623673287412,"gmtModify":1631889809203,"author":{"id":"3583669366978952","authorId":"3583669366978952","name":"ttm17396","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583669366978952","idStr":"3583669366978952"},"themes":[],"title":"","htmlText":"Renewable&nbsp;energy ftw","listText":"Renewable&nbsp;energy ftw","text":"Renewable energy ftw","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/185715493","repostId":"2143857187","repostType":2,"isVote":1,"tweetType":1,"viewCount":2039,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185712477,"gmtCreate":1623673209499,"gmtModify":1634030298536,"author":{"id":"3583669366978952","authorId":"3583669366978952","name":"ttm17396","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583669366978952","idStr":"3583669366978952"},"themes":[],"title":"","htmlText":"Buy?","listText":"Buy?","text":"Buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/185712477","repostId":"1110538556","repostType":2,"isVote":1,"tweetType":1,"viewCount":3723,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185716439,"gmtCreate":1623673178121,"gmtModify":1634030299367,"author":{"id":"3583669366978952","authorId":"3583669366978952","name":"ttm17396","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583669366978952","idStr":"3583669366978952"},"themes":[],"title":"","htmlText":"Let's go PDD","listText":"Let's go PDD","text":"Let's go PDD","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/185716439","repostId":"2140422463","repostType":2,"isVote":1,"tweetType":1,"viewCount":3309,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185716817,"gmtCreate":1623673160539,"gmtModify":1634030299853,"author":{"id":"3583669366978952","authorId":"3583669366978952","name":"ttm17396","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583669366978952","idStr":"3583669366978952"},"themes":[],"title":"","htmlText":"Going up!","listText":"Going up!","text":"Going up!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/185716817","repostId":"1174294980","repostType":2,"isVote":1,"tweetType":1,"viewCount":2292,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}