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KenCheng

KenCheng

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2021-09-13

Come come us stock

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2021-08-08

Tik top,top tik???

Market news: ByteDance restarts IPO plan

2021-07-25

Faang

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2021-08-14

What talking

US infrastructure plans may change! Nine moderate Democrats "defected"

2021-07-15

No money buy already

TSMC reported Q2 revenue of $13.289 billion and net profit of $4.798 billion.

2021-07-26

Waiting fry

Concerns about peaking growth in US stocks may be easing, and cyclical stocks are expected to regain favor.

2021-06-08

???

Bank of America: Some Investment Patterns in US Stocks Since 1928

2021-08-24

Follow

What makes TSMC the king of Asian stocks?

2021-08-07

How your understand.?

2021-06-12

Gg

How dangerous is Bezos's trip to space?

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a Perfect Sell for AMD coming?","htmlText":"Introduction <a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$</a> has been on a tear in recent weeks, rising for more than 27% for the month of march. However good things don’t last long and in this post, I will share why I think AMD rally is probably going to end soon (mainly from a technical analysis stand point). About AMD I think AMD needs no further introduction as it is a very popular stock among traders. AMD is a semiconductor company that operates globally in four segments: Data Center, Client, Gaming, and Embedded. It offers a range of products such as x86 microprocessors, graphics processing units (GPUs), chipsets, data center, and professional GPUs, and embedded. All these are the fundamental building blocks for Artificial Intelligence (AI). AMD's Stock Curre","listText":"Introduction <a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$</a> has been on a tear in recent weeks, rising for more than 27% for the month of march. However good things don’t last long and in this post, I will share why I think AMD rally is probably going to end soon (mainly from a technical analysis stand point). About AMD I think AMD needs no further introduction as it is a very popular stock among traders. AMD is a semiconductor company that operates globally in four segments: Data Center, Client, Gaming, and Embedded. It offers a range of products such as x86 microprocessors, graphics processing units (GPUs), chipsets, data center, and professional GPUs, and embedded. All these are the fundamental building blocks for Artificial Intelligence (AI). AMD's Stock Curre","text":"Introduction $Advanced Micro Devices(AMD)$ has been on a tear in recent weeks, rising for more than 27% for the month of march. However good things don’t last long and in this post, I will share why I think AMD rally is probably going to end soon (mainly from a technical analysis stand point). About AMD I think AMD needs no further introduction as it is a very popular stock among traders. AMD is a semiconductor company that operates globally in four segments: Data Center, Client, Gaming, and Embedded. It offers a range of products such as x86 microprocessors, graphics processing units (GPUs), chipsets, data center, and professional GPUs, and embedded. All these are the fundamental building blocks for Artificial Intelligence (AI). AMD's Stock Curre","images":[{"img":"https://community-static.tradeup.com/news/f947beed434fa20f730075b9c9d26fa5","width":"2048","height":"1064"},{"img":"https://community-static.tradeup.com/news/69a2e94212178f0b665c403f12643d8d","width":"301","height":"167"},{"img":"https://community-static.tradeup.com/news/ea8dd19f2b0eca55d3512e6eff5eac10","width":"2048","height":"1064"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943451615","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":7,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":4111,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863517375,"gmtCreate":1632405759897,"gmtModify":1676530774629,"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558566101600142","authorIdStr":"3558566101600142"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/DQ\">$大全新能源(DQ)$</a>ready to fry","listText":"<a href=\"https://laohu8.com/S/DQ\">$大全新能源(DQ)$</a>ready to fry","text":"$大全新能源(DQ)$ready to fry","images":[{"img":"https://static.tigerbbs.com/24cb6ec5fd1cd8271acf38b03a9d42dd","width":"1080","height":"2968"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863517375","isVote":1,"tweetType":1,"viewCount":4547,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":888554925,"gmtCreate":1631510985667,"gmtModify":1676530561993,"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558566101600142","authorIdStr":"3558566101600142"},"themes":[],"title":"","htmlText":"Come come us stock","listText":"Come come us stock","text":"Come come us stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/888554925","repostId":"2167306731","repostType":4,"isVote":1,"tweetType":1,"viewCount":5183,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"idStr":"3558566101600142","authorIdStr":"3558566101600142"},"content":"run way dododododo","text":"run way dododododo","html":"run way dododododo"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":834537019,"gmtCreate":1629812841631,"gmtModify":1676530139449,"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558566101600142","authorIdStr":"3558566101600142"},"themes":[],"title":"","htmlText":"Follow","listText":"Follow","text":"Follow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/834537019","repostId":"1184955585","repostType":4,"repost":{"id":"1184955585","kind":"news","pubTimestamp":1630118344,"share":"https://ttm.financial/m/news/1184955585?lang=en_US&edition=fundamental","pubTime":"2021-08-28 10:39","market":"us","language":"zh","title":"What makes TSMC the king of Asian stocks?","url":"https://stock-news.laohu8.com/highlight/detail?id=1184955585","media":"远川科技评论","summary":"在2020年初，全球市值最大的十家企业中，美国独占7席，而中国的腾讯和阿里也榜上有名，成为亚洲唯二突入榜单的企业。\n\n在当时看来，腾讯和阿里进入榜单是一个再自然不过的结果，前十大企业中6个是互联网、2","content":"<p>At the beginning of 2020, the United States occupied seven of the world's ten largest companies by market capitalization, while China...<a href=\"https://laohu8.com/S/00700\">Tencent</a>Alibaba was also on the list, becoming the only two Asian companies to break into the list.</p><p><img src=\"https://static.tigerbbs.com/c2b6b856b3f2f1196c329b1155f9fc5f\" tg-width=\"1080\" tg-height=\"589\" referrerpolicy=\"no-referrer\"></p><p>At the time, it seemed only natural that Tencent and Alibaba would make the list. Six of the top ten companies were in the internet sector, two in finance, and one in resources, with the only one being a hardware company.<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Production was not even under their own control; at that time, if a company...<b>Heavy on assets, heavy on manufacturing, and no oil at home.</b>For a company to make it into the top ten is nothing short of wishful thinking.</p><p>Unexpectedly, just over a year later, on August 18, 2021,<a href=\"https://laohu8.com/S/TSM\">TSMC</a>With a market capitalization of $538 billion, it successfully surpassed Tencent to become the company with the highest market capitalization in Asia.</p><p>What supports TSMC's market capitalization as Asia's top stock is its impressive revenue of $13.29 billion in the second quarter, earning $147 million in a single day.</p><p>At the same time, the global chip shortage has turned TSMC's orders into hard currency: not long ago, after Apple placed an order for 100 million chips at once, TSMC's raw material suppliers directly revealed that TSMC's orders are fully loaded until 2024.</p><p><b>Behind TSMC's replacement of Tencent as Asia's stock market king lies not only a change in the market capitalization of the two companies, but also a comeback by hard technology manufacturing against the internet.</b></p><p>So how exactly did TSMC achieve its current status as the stock market king in an electronics industry with heavy asset investment, high labor costs, and extremely strong customer base?</p><p>The answer lies in the three historical opportunities presented by TSMC's rise.</p><p><img src=\"https://static.tigerbbs.com/8831ed0813cfe4215d1a7249b8194a1a\" tg-width=\"1080\" tg-height=\"312\" referrerpolicy=\"no-referrer\"></p><p>In December 1989, TSMC, which had only been established for two years, welcomed...<a href=\"https://laohu8.com/S/SMSN.UK\">Samsung</a>The sect leader, Lee Kun-hee, personally poached him.</p><p>This time, Lee Kien-hee didn't set his sights on a process manager or a tech guru, but rather on Morris Chang, the 58-year-old founder of TSMC.</p><p>Lee Kun-hee's confidence was closely related to the industry development background at the time: Samsung was already a dominant force in many industries and a super chaebol that controlled the lifeline of South Korea.<b>At the time, chip foundry was similar in status to Foxconn, another foundry king in Taiwan today: it had low technological content, numerous competitors, and was at the very bottom of the \"smile curve\" of value distribution in the manufacturing industry chain.</b>They do the hardest work and earn the least money.</p><p><img src=\"https://static.tigerbbs.com/9789042af668ea4b67309f48e5f3e543\" tg-width=\"620\" tg-height=\"354\" referrerpolicy=\"no-referrer\"></p><p>Moreover,<b>At that time, chip manufacturing was still at the submicron stage. The IDM model, in which chip companies designed, manufactured, and packaged and tested their own chips, was the mainstream in the industry.</b>The world's top ten semiconductor companies back then were NEC, Toshiba, Hitachi, and Motorola.<a href=\"https://laohu8.com/S/TXN\">Texas Instruments</a>Fujitsu, Mitsubishi,<a href=\"https://laohu8.com/S/INTC\">Intel</a>、<a href=\"https://laohu8.com/S/PC\">Panasonic</a>、<a href=\"https://laohu8.com/S/PHG\">Philips</a>They are all typical semiconductor IDM giants.</p><p>So why would IDMs with their own factories choose TSMC, a newcomer whose processes are even inferior to their own, to manufacture their chips?</p><p>This is a very real question facing Morris Chang, an elderly entrepreneur, after rejecting Lee Kun-hee's olive branch.</p><p>However, TSMC soon ushered in its first opportunity: the rise of the PC.</p><p>Around 1988, under the leadership of Intel, the global electronics industry transitioned from the traditional mainframe era to the PC era. And<b>The global semiconductor industry is gradually shifting its focus from traditional DRAM storage to digital chips such as CPUs and GPUs.</b></p><p>traditional<b>The light design and heavy manufacturing of DRAM memory chips has led to the IDM model dominating industry development. For digital chips, chip manufacturing is certainly the top priority, but as the number of transistors inside a chip reaches one million, the investment required for chip design is becoming increasingly heavy. With limited energy, separating design from manufacturing has become an urgent trend.</b></p><p><img src=\"https://static.tigerbbs.com/673230fbc935dd61c98bcb0b5390e825\" tg-width=\"767\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p>Leveraging the personal relationship between Intel President Grove and Morris Chang, Intel directly dispatched engineers to TSMC, pointing out at least 200 process improvement processes for TSMC, which at the time had only a little over 200 manufacturing steps.</p><p>It's important to understand that at the time, Intel was synonymous with top-tier chip manufacturing. The 80486 chip it is currently developing is not only the world's first to use a 1-micron manufacturing process, but it is also the first high-end chip manufacturer to break through the integration of 1 million transistors in a single chip, achieving a groundbreaking 1.2 million.</p><p>By receiving one-on-one mentoring from Intel, TSMC secured its first technological ticket to top-tier chip foundry.</p><p>Shortly after obtaining this ticket, in 1995, TSMC partnered with a company that had only been established for two years.<a href=\"https://laohu8.com/S/NVDA\">NVIDIA</a>They hit it off immediately and secured another important ticket to the PC era.</p><p>Over the next decade, TSMC established a partnership with<a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a>Cooperation with chip design companies such as Meiman Electronics; On the other hand, through the research and development of copper process technology and wet lithography technology, it has become a global leader in technology, capturing half of the global market share in 2004.</p><p><b>However, TSMC did not expect that another storm that could disrupt the industry landscape was quietly coming.</b></p><p><img src=\"https://static.tigerbbs.com/9dc0fda484f9be29a169f2a280cc0408\" tg-width=\"1080\" tg-height=\"312\" referrerpolicy=\"no-referrer\"></p><p>Shortly after becoming the number one foundry manufacturer in the PC chip industry, Apple launched a wave of smartphones. Unfortunately, this time, the main player was not TSMC at first.</p><p>In 2007, Steve Jobs officially announced the first iPhone amidst much anticipation, hailed as a stunning, epoch-making product. In the years that followed, whenever a new iPhone was released, frenzied Apple fans would line up in front of Apple retail stores around the world in the early hours of the morning to buy it.</p><p>Behind the iPhone's legendary status, one thing is clearly evident:<b>The smartphone era has arrived, and only by defeating Apple can we become the true number one chip manufacturer.</b></p><p>However, those in the know know that while Steve Jobs on stage may seem like the \"god\" who released the iPhone, he was actually just an employee of the Samsung empire across the ocean.</p><p>Market research firm IHS analyzed the cost sources of past generations of iPhones and found that before dual cameras and bathroom heater cameras emerged, the previous...<b>The three main sources of cost for generations of iPhones are: processor, screen, and storage. In an iPhone, all three of these items are made by Samsung.</b></p><p>The processors and storage provided by Samsung are naturally manufactured by Samsung. TSMC, which manufactured almost half of the world's chips back then, could only silently observe with envy.</p><p>However, as a top master of supply chain checks and balances, Apple will never allow its competitors to simultaneously control its three lifelines.</p><p>So, while having a sweet relationship with Samsung, Apple quietly partnered with TSMC in 2010. To ensure smoother cooperation between the two parties, TSMC has also established a special team composed of over a hundred cross-departmental R&D engineers.<a href=\"https://laohu8.com/S/AONE.U\">one</a>The \"team\" team, based at Apple's headquarters in the United States, is working together to conduct secret research and development in an attempt to completely bypass Samsung's patents.</p><p>After initial progress was made in the research and development, Apple immediately filed 16 infringement charges against Samsung in 2011. Samsung, in turn, sued Apple for copyright infringement and even demanded a ban on iPhone sales in the United States.</p><p>Apple and Samsung are vying for power, while TSMC is benefiting.</p><p>Starting with Apple's A8 chip in 2014, TSMC began to manufacture most of Apple's chips. Starting with the iPhone 7 era, TSMC completely monopolized the production of all Apple chips. The collaboration continues to this day, and Apple remains TSMC's largest customer, contributing nearly 20% of TSMC's revenue annually.</p><p>With this, TSMC has officially established its leading position in chip foundry.</p><p><b>But can simply working for the most powerful clients make TSMC what it is today? As Apple's largest contract manufacturer, Foxconn was the first to disagree.</b></p><p><img src=\"https://static.tigerbbs.com/7c04503bafb7a71524a1d953b35f1228\" tg-width=\"1080\" tg-height=\"312\" referrerpolicy=\"no-referrer\"></p><p>Both are kings of contract manufacturing, and TSMC can strangle global customers, while Foxconn is helpless against Apple supporting competitors to steal business.</p><p>Behind the drastically different fates, the foreshadowing was actually laid as early as the time of choosing the track.</p><p>Represented by Foxconn<b>Electronics assembly is essentially a low-barrier industry where as long as enough workers are recruited, production can start 24 hours a day on the assembly line.</b>Therefore, in the field of OEM manufacturing, twenty years ago, Foxconn faced the \"Five Tigers of Taiwanese OEM manufacturing\" in Taiwan—Quanta, Compal, Pegatron, Wistron, and Inventec—vying for business. In the past decade, Foxconn has once again faced challenges from its former mainland Chinese \"underlings,\" such as Luxshare, Goertek, and Wingtech.<a href=\"https://laohu8.com/S/002594\">BYD</a>They are frantically vying for business in their own territory.</p><p>This low technological content and low barrier to entry are reflected in financial reports, manifested in Foxconn's gross profit margin being thinner than that of a razor blade: over the past decade...<b>To maintain its gross profit margin, which had never exceeded 10%, Foxconn moved its factories from Shenzhen to Zhengzhou, and then expanded from Zhengzhou to Vietnam... constantly moving between different locations with low labor costs.</b></p><p>In stark contrast, TSMC's chip foundry is an industry that rolls forward on the wheels of Moore's Law. Under the guidance of Moore's Law, the number of components that can be accommodated on an integrated circuit doubles every 18 to 24 months, and the size of corresponding transistors continues to shrink, making semiconductor manufacturing increasingly difficult.</p><p>This is reflected in capital expenditures. As the semiconductor industry upgraded from 8-inch to 12-inch wafers, costs rose sharply: the cost of an 8-inch wafer fab ranged from a minimum of $100 million to a maximum of $1.5 billion depending on production capacity, which most companies could afford by gritting their teeth. A new 12-inch wafer fab costs as much as $2.5 billion to $3 billion, enough to leave most of its competitors in the industry behind.</p><p>Different technological content also determines different competitive landscapes.<b>The harder Foxconn works, the more competitors it faces. TSMC has come a long way, dominating the market from 0.18 micrometers to 3 nanometers. Not only has it had fewer and fewer competitors, but even its former giants Intel and IBM have been left behind.</b></p><p><img src=\"https://static.tigerbbs.com/12e071a18a041e0b8ddb78626d4f42b1\" tg-width=\"667\" tg-height=\"855\" referrerpolicy=\"no-referrer\"></p><p>With fewer and fewer competitors, profits naturally increase. Located in Taiwan, China, Foxconn has factories around the world with a gross profit margin of less than 10%. If you are not careful, you will be held back by Apple using Wistron, Pegatron and Luxshare.</p><p>TSMC, which has insisted on producing advanced process products only in Taiwan for 30 years, can maintain a gross profit margin of around 50% year-round. However, customers who want to grab TSMC's latest production capacity simply don't have enough money: In September 2020, after TSMC was forced to cut off supplies to Huawei due to US sanctions, Qualcomm and MediaTek had the opportunity to replace Huawei and use TSMC's latest 5nm production capacity.</p><p>With its market share firmly in first place, the industry's capital threshold continues to rise; The technological dividend effect continues to accumulate... The unrivaled TSMC has already established its unshakeable number one position in the chip foundry field.</p><p>Looking back at history, there are three main reasons why TSMC has risen to become the king of contract manufacturing: in the PC era, it had half the support of Intel and Nvidia; In the mobile phone era, Apple chose it as an important tool to counterbalance Samsung; In the years that followed, it sat on the wheels of Moore's Law, relying on its technological and capital advantages to leave its competitors far behind.</p><p>However, TSMC's transformation from the \"king of chip foundries\" to the \"king of stocks\" still needs one last step: to cause internet companies whose market capitalization ranks ahead of TSMC to fall from their pedestal in the capital market.</p><p><img src=\"https://static.tigerbbs.com/efede982c9faf847a3a670f3cc42a078\" tg-width=\"992\" tg-height=\"914\" referrerpolicy=\"no-referrer\"></p><p>Since the beginning of the year, TSMC has made a fortune from an epic chip shortage, and its stock price has recently jumped to become the king of Asian stocks. On the other hand, looking at the traditional \"Oracle of Omaha\" internet, Tencent has plummeted by 45% from its peak since the beginning of the year; Alibaba's stock has fallen by more than 30% so far;<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>The stock price has fallen by more than 45% since its listing on the Hong Kong Stock Exchange.</p><p>Behind TSMC's rise from the king of chip foundries to the king of Asian stocks, it is inseparable from its own efforts, and even more so from the course of history.</p><p>Beyond the process, it offers us a glimmer of inspiration:<b>The more you persevere in doing difficult yet correct things, the smoother it will be.</b></p>","source":"lsy1571969218062","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 makes TSMC the king of Asian stocks?</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 makes TSMC the king of Asian stocks?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">远川科技评论</strong><span class=\"h-time small\">2021-08-28 10:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p>At the beginning of 2020, the United States occupied seven of the world's ten largest companies by market capitalization, while China...<a href=\"https://laohu8.com/S/00700\">Tencent</a>Alibaba was also on the list, becoming the only two Asian companies to break into the list.</p><p><img src=\"https://static.tigerbbs.com/c2b6b856b3f2f1196c329b1155f9fc5f\" tg-width=\"1080\" tg-height=\"589\" referrerpolicy=\"no-referrer\"></p><p>At the time, it seemed only natural that Tencent and Alibaba would make the list. Six of the top ten companies were in the internet sector, two in finance, and one in resources, with the only one being a hardware company.<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Production was not even under their own control; at that time, if a company...<b>Heavy on assets, heavy on manufacturing, and no oil at home.</b>For a company to make it into the top ten is nothing short of wishful thinking.</p><p>Unexpectedly, just over a year later, on August 18, 2021,<a href=\"https://laohu8.com/S/TSM\">TSMC</a>With a market capitalization of $538 billion, it successfully surpassed Tencent to become the company with the highest market capitalization in Asia.</p><p>What supports TSMC's market capitalization as Asia's top stock is its impressive revenue of $13.29 billion in the second quarter, earning $147 million in a single day.</p><p>At the same time, the global chip shortage has turned TSMC's orders into hard currency: not long ago, after Apple placed an order for 100 million chips at once, TSMC's raw material suppliers directly revealed that TSMC's orders are fully loaded until 2024.</p><p><b>Behind TSMC's replacement of Tencent as Asia's stock market king lies not only a change in the market capitalization of the two companies, but also a comeback by hard technology manufacturing against the internet.</b></p><p>So how exactly did TSMC achieve its current status as the stock market king in an electronics industry with heavy asset investment, high labor costs, and extremely strong customer base?</p><p>The answer lies in the three historical opportunities presented by TSMC's rise.</p><p><img src=\"https://static.tigerbbs.com/8831ed0813cfe4215d1a7249b8194a1a\" tg-width=\"1080\" tg-height=\"312\" referrerpolicy=\"no-referrer\"></p><p>In December 1989, TSMC, which had only been established for two years, welcomed...<a href=\"https://laohu8.com/S/SMSN.UK\">Samsung</a>The sect leader, Lee Kun-hee, personally poached him.</p><p>This time, Lee Kien-hee didn't set his sights on a process manager or a tech guru, but rather on Morris Chang, the 58-year-old founder of TSMC.</p><p>Lee Kun-hee's confidence was closely related to the industry development background at the time: Samsung was already a dominant force in many industries and a super chaebol that controlled the lifeline of South Korea.<b>At the time, chip foundry was similar in status to Foxconn, another foundry king in Taiwan today: it had low technological content, numerous competitors, and was at the very bottom of the \"smile curve\" of value distribution in the manufacturing industry chain.</b>They do the hardest work and earn the least money.</p><p><img src=\"https://static.tigerbbs.com/9789042af668ea4b67309f48e5f3e543\" tg-width=\"620\" tg-height=\"354\" referrerpolicy=\"no-referrer\"></p><p>Moreover,<b>At that time, chip manufacturing was still at the submicron stage. The IDM model, in which chip companies designed, manufactured, and packaged and tested their own chips, was the mainstream in the industry.</b>The world's top ten semiconductor companies back then were NEC, Toshiba, Hitachi, and Motorola.<a href=\"https://laohu8.com/S/TXN\">Texas Instruments</a>Fujitsu, Mitsubishi,<a href=\"https://laohu8.com/S/INTC\">Intel</a>、<a href=\"https://laohu8.com/S/PC\">Panasonic</a>、<a href=\"https://laohu8.com/S/PHG\">Philips</a>They are all typical semiconductor IDM giants.</p><p>So why would IDMs with their own factories choose TSMC, a newcomer whose processes are even inferior to their own, to manufacture their chips?</p><p>This is a very real question facing Morris Chang, an elderly entrepreneur, after rejecting Lee Kun-hee's olive branch.</p><p>However, TSMC soon ushered in its first opportunity: the rise of the PC.</p><p>Around 1988, under the leadership of Intel, the global electronics industry transitioned from the traditional mainframe era to the PC era. And<b>The global semiconductor industry is gradually shifting its focus from traditional DRAM storage to digital chips such as CPUs and GPUs.</b></p><p>traditional<b>The light design and heavy manufacturing of DRAM memory chips has led to the IDM model dominating industry development. For digital chips, chip manufacturing is certainly the top priority, but as the number of transistors inside a chip reaches one million, the investment required for chip design is becoming increasingly heavy. With limited energy, separating design from manufacturing has become an urgent trend.</b></p><p><img src=\"https://static.tigerbbs.com/673230fbc935dd61c98bcb0b5390e825\" tg-width=\"767\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p>Leveraging the personal relationship between Intel President Grove and Morris Chang, Intel directly dispatched engineers to TSMC, pointing out at least 200 process improvement processes for TSMC, which at the time had only a little over 200 manufacturing steps.</p><p>It's important to understand that at the time, Intel was synonymous with top-tier chip manufacturing. The 80486 chip it is currently developing is not only the world's first to use a 1-micron manufacturing process, but it is also the first high-end chip manufacturer to break through the integration of 1 million transistors in a single chip, achieving a groundbreaking 1.2 million.</p><p>By receiving one-on-one mentoring from Intel, TSMC secured its first technological ticket to top-tier chip foundry.</p><p>Shortly after obtaining this ticket, in 1995, TSMC partnered with a company that had only been established for two years.<a href=\"https://laohu8.com/S/NVDA\">NVIDIA</a>They hit it off immediately and secured another important ticket to the PC era.</p><p>Over the next decade, TSMC established a partnership with<a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a>Cooperation with chip design companies such as Meiman Electronics; On the other hand, through the research and development of copper process technology and wet lithography technology, it has become a global leader in technology, capturing half of the global market share in 2004.</p><p><b>However, TSMC did not expect that another storm that could disrupt the industry landscape was quietly coming.</b></p><p><img src=\"https://static.tigerbbs.com/9dc0fda484f9be29a169f2a280cc0408\" tg-width=\"1080\" tg-height=\"312\" referrerpolicy=\"no-referrer\"></p><p>Shortly after becoming the number one foundry manufacturer in the PC chip industry, Apple launched a wave of smartphones. Unfortunately, this time, the main player was not TSMC at first.</p><p>In 2007, Steve Jobs officially announced the first iPhone amidst much anticipation, hailed as a stunning, epoch-making product. In the years that followed, whenever a new iPhone was released, frenzied Apple fans would line up in front of Apple retail stores around the world in the early hours of the morning to buy it.</p><p>Behind the iPhone's legendary status, one thing is clearly evident:<b>The smartphone era has arrived, and only by defeating Apple can we become the true number one chip manufacturer.</b></p><p>However, those in the know know that while Steve Jobs on stage may seem like the \"god\" who released the iPhone, he was actually just an employee of the Samsung empire across the ocean.</p><p>Market research firm IHS analyzed the cost sources of past generations of iPhones and found that before dual cameras and bathroom heater cameras emerged, the previous...<b>The three main sources of cost for generations of iPhones are: processor, screen, and storage. In an iPhone, all three of these items are made by Samsung.</b></p><p>The processors and storage provided by Samsung are naturally manufactured by Samsung. TSMC, which manufactured almost half of the world's chips back then, could only silently observe with envy.</p><p>However, as a top master of supply chain checks and balances, Apple will never allow its competitors to simultaneously control its three lifelines.</p><p>So, while having a sweet relationship with Samsung, Apple quietly partnered with TSMC in 2010. To ensure smoother cooperation between the two parties, TSMC has also established a special team composed of over a hundred cross-departmental R&D engineers.<a href=\"https://laohu8.com/S/AONE.U\">one</a>The \"team\" team, based at Apple's headquarters in the United States, is working together to conduct secret research and development in an attempt to completely bypass Samsung's patents.</p><p>After initial progress was made in the research and development, Apple immediately filed 16 infringement charges against Samsung in 2011. Samsung, in turn, sued Apple for copyright infringement and even demanded a ban on iPhone sales in the United States.</p><p>Apple and Samsung are vying for power, while TSMC is benefiting.</p><p>Starting with Apple's A8 chip in 2014, TSMC began to manufacture most of Apple's chips. Starting with the iPhone 7 era, TSMC completely monopolized the production of all Apple chips. The collaboration continues to this day, and Apple remains TSMC's largest customer, contributing nearly 20% of TSMC's revenue annually.</p><p>With this, TSMC has officially established its leading position in chip foundry.</p><p><b>But can simply working for the most powerful clients make TSMC what it is today? As Apple's largest contract manufacturer, Foxconn was the first to disagree.</b></p><p><img src=\"https://static.tigerbbs.com/7c04503bafb7a71524a1d953b35f1228\" tg-width=\"1080\" tg-height=\"312\" referrerpolicy=\"no-referrer\"></p><p>Both are kings of contract manufacturing, and TSMC can strangle global customers, while Foxconn is helpless against Apple supporting competitors to steal business.</p><p>Behind the drastically different fates, the foreshadowing was actually laid as early as the time of choosing the track.</p><p>Represented by Foxconn<b>Electronics assembly is essentially a low-barrier industry where as long as enough workers are recruited, production can start 24 hours a day on the assembly line.</b>Therefore, in the field of OEM manufacturing, twenty years ago, Foxconn faced the \"Five Tigers of Taiwanese OEM manufacturing\" in Taiwan—Quanta, Compal, Pegatron, Wistron, and Inventec—vying for business. In the past decade, Foxconn has once again faced challenges from its former mainland Chinese \"underlings,\" such as Luxshare, Goertek, and Wingtech.<a href=\"https://laohu8.com/S/002594\">BYD</a>They are frantically vying for business in their own territory.</p><p>This low technological content and low barrier to entry are reflected in financial reports, manifested in Foxconn's gross profit margin being thinner than that of a razor blade: over the past decade...<b>To maintain its gross profit margin, which had never exceeded 10%, Foxconn moved its factories from Shenzhen to Zhengzhou, and then expanded from Zhengzhou to Vietnam... constantly moving between different locations with low labor costs.</b></p><p>In stark contrast, TSMC's chip foundry is an industry that rolls forward on the wheels of Moore's Law. Under the guidance of Moore's Law, the number of components that can be accommodated on an integrated circuit doubles every 18 to 24 months, and the size of corresponding transistors continues to shrink, making semiconductor manufacturing increasingly difficult.</p><p>This is reflected in capital expenditures. As the semiconductor industry upgraded from 8-inch to 12-inch wafers, costs rose sharply: the cost of an 8-inch wafer fab ranged from a minimum of $100 million to a maximum of $1.5 billion depending on production capacity, which most companies could afford by gritting their teeth. A new 12-inch wafer fab costs as much as $2.5 billion to $3 billion, enough to leave most of its competitors in the industry behind.</p><p>Different technological content also determines different competitive landscapes.<b>The harder Foxconn works, the more competitors it faces. TSMC has come a long way, dominating the market from 0.18 micrometers to 3 nanometers. Not only has it had fewer and fewer competitors, but even its former giants Intel and IBM have been left behind.</b></p><p><img src=\"https://static.tigerbbs.com/12e071a18a041e0b8ddb78626d4f42b1\" tg-width=\"667\" tg-height=\"855\" referrerpolicy=\"no-referrer\"></p><p>With fewer and fewer competitors, profits naturally increase. Located in Taiwan, China, Foxconn has factories around the world with a gross profit margin of less than 10%. If you are not careful, you will be held back by Apple using Wistron, Pegatron and Luxshare.</p><p>TSMC, which has insisted on producing advanced process products only in Taiwan for 30 years, can maintain a gross profit margin of around 50% year-round. However, customers who want to grab TSMC's latest production capacity simply don't have enough money: In September 2020, after TSMC was forced to cut off supplies to Huawei due to US sanctions, Qualcomm and MediaTek had the opportunity to replace Huawei and use TSMC's latest 5nm production capacity.</p><p>With its market share firmly in first place, the industry's capital threshold continues to rise; The technological dividend effect continues to accumulate... The unrivaled TSMC has already established its unshakeable number one position in the chip foundry field.</p><p>Looking back at history, there are three main reasons why TSMC has risen to become the king of contract manufacturing: in the PC era, it had half the support of Intel and Nvidia; In the mobile phone era, Apple chose it as an important tool to counterbalance Samsung; In the years that followed, it sat on the wheels of Moore's Law, relying on its technological and capital advantages to leave its competitors far behind.</p><p>However, TSMC's transformation from the \"king of chip foundries\" to the \"king of stocks\" still needs one last step: to cause internet companies whose market capitalization ranks ahead of TSMC to fall from their pedestal in the capital market.</p><p><img src=\"https://static.tigerbbs.com/efede982c9faf847a3a670f3cc42a078\" tg-width=\"992\" tg-height=\"914\" referrerpolicy=\"no-referrer\"></p><p>Since the beginning of the year, TSMC has made a fortune from an epic chip shortage, and its stock price has recently jumped to become the king of Asian stocks. On the other hand, looking at the traditional \"Oracle of Omaha\" internet, Tencent has plummeted by 45% from its peak since the beginning of the year; Alibaba's stock has fallen by more than 30% so far;<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>The stock price has fallen by more than 45% since its listing on the Hong Kong Stock Exchange.</p><p>Behind TSMC's rise from the king of chip foundries to the king of Asian stocks, it is inseparable from its own efforts, and even more so from the course of history.</p><p>Beyond the process, it offers us a glimmer of inspiration:<b>The more you persevere in doing difficult yet correct things, the smoother it will be.</b></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/1vKEt53uVNkuuzHjwkGPDA\">远川科技评论</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/975836d8c6eb511241583dccb0d387f2","relate_stocks":{"EWT":"台湾ETF-iShares MSCI","03145":"华夏亚洲高息股","TSM":"台积电"},"source_url":"https://mp.weixin.qq.com/s/1vKEt53uVNkuuzHjwkGPDA","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184955585","content_text":"在2020年初，全球市值最大的十家企业中，美国独占7席，而中国的腾讯和阿里也榜上有名，成为亚洲唯二突入榜单的企业。\n\n在当时看来，腾讯和阿里进入榜单是一个再自然不过的结果，前十大企业中6个是互联网、2个金融、1个资源，唯一的硬件企业苹果，生产还不归自己管，当时如果说一家重资产、重制造、家里还没石油的企业还能进前十，无异于痴人说梦。\n但没有想到的是，仅仅一年多时间后的2021年8月18日，台积电就以5380亿美元的市值，成功超越腾讯，成为亚洲市值最高的公司。\n支撑起台积电亚洲股王市值的，是台积电二季度创下的132.9亿美元营收，一天赚1.47亿美元的亮眼业绩。\n与此同时，全球芯片大缺货，更是让台积电的订单成为硬通货：前不久，苹果一次性下单一亿片芯片后，台积电原材料供应商直接爆出猛料，台积电的订单已经满载到2024年。\n台积电取代腾讯成为亚洲股王的背后，不仅是两家企业市值的变化，同时，更是一场硬科技制造对互联网的逆袭。\n那么台积电究竟是如何在一个重资产、高人力成本投入，客户又极度强势的电子行业中，修炼出如今的股王地位？\n答案就藏在台积电崛起的三次历史机遇之中。\n\n1989年12月，刚成立两年的台积电就迎来三星掌门人李健熙的亲自挖墙脚。\n这一次，李健熙看上的，不是什么工艺负责人，也不是什么技术大牛，而是直接将目光锁定在了已经58岁的台积电创始人张忠谋的身上。\n李健熙之所以如此自信，与当时的行业发展背景有着很大的关系：当年的三星，已然是多个行业的霸主，把控韩国命脉的超级财阀；而芯片代工，在当时的行业地位，其实与如今中国台湾的另一个代工之王——富士康差不多：技术含量不高，竞争对手不少，都是位于制造业产业链价值分配“微笑曲线”的最底端，干着最累的活儿，赚最少的钱。\n\n更何况，当时的芯片制造还停留在亚微米阶段，芯片企业自己设计，自己制造，自己封测的IDM模式才是业界主流。当年的全球十大半导体公司，NEC、东芝、日立、摩托罗拉、德州仪器、富士通、三菱、英特尔、松下、飞利浦全部是典型的半导体IDM巨头。\n那么，有自己的工厂的IDM们，为什么要找初出茅庐，工艺甚至还不如自己的台积电来代工芯片？\n这是在拒绝了李健熙橄榄枝后，摆在高龄创业者——张忠谋面前的一个很现实的问题。\n不过很快，台积电就迎来了属于它的第一个时代机遇：PC崛起。\n1988年前后，在英特尔的带领下，全球的电子产业从传统的大型机时代进入PC时代。而全球的半导体产业的重心也开始逐渐从传统的DRAM存储开始向CPU、GPU为代表的数字芯片迈进。\n传统的DRAM存储芯片的轻设计重制造，因此IDM模式主导行业发展；而对数字芯片来说，芯片制造固然是头等大事，但随着芯片内晶体管的数量迈上百万台阶，背后所需的芯片设计投入，也越来越繁重。在精力有限的情况下，将设计与制造分离，已经成为迫在眉睫的大趋势。\n\n凭借着英特尔总裁格鲁夫与张忠谋的私人交情，英特尔直接派驻工程师入驻台积电，对当时制造工艺仅有二百多道环节的台积电，一口气指出了至少二百个工艺改进流程。\n要知道，当时的英特尔，正是顶级芯片制造的代名词。其正在的研发的80486芯片，不仅是全球最先使用1微米的制造工艺的，同时更是首次在一个芯片中突破了100万个晶体管集成，达到120万创举的高端芯片制造者。\n能被英特尔一对一辅导，台积电一举拿下了通往顶级芯片代工的第一张技术门票。\n拿到了这张门票后不久，1995年台积电又与刚成立两年的英伟达一拍即合，拿下了PC时代的另一张重要船票。\n此后十年间，台积电一边确立了与高通、美满电子等芯片设计企业的合作；另一边，还通过铜制程技术以及湿法光刻工艺技术的研发，在技术上独步全球，在2004年，占据了全球市场份额的半壁江山。\n只是，台积电没想到，另一个可能颠覆产业格局的风暴正在悄悄到来。\n\n成为PC芯片领域代工一哥不久后，苹果带着智能手机山呼海啸的袭来，只可惜，这一次的主角，一开始并不是台积电。\n2007年，乔布斯拿着初代iPhone在万众瞩目中官宣，被称为惊艳的跨时代产品。此后数年，每逢iPhone发布新机，世界各地的苹果零售店门前都会出现疯狂的果粉凌晨排队抢购的奇观。\n而iPhone封神的背后，也明明白白的昭示了一件事：智能机时代已经到来，只有拿下苹果，才能成为真正的芯片代工一哥。\n但是懂行的都知道，台上的乔布斯，表面看似是发布iPhone手机的“上帝”，但根本上，却只是大洋彼岸三星帝国的打工人。\n市调机构IHS，曾对历代iPhone的成本来源进行拆解发现，在还没出现双摄与浴霸摄像头的年代里，前几代iPhone的三大成本来源，分别是：处理器，屏幕以及存储。而一部iPhone手机中，这三项全部made by Samsung。\n三星提供的处理器与存储，自然是三星制造。而当年代工了全球几乎一半芯片的台积电，却只能默默羡慕的观望。\n但作为顶级的供应链制衡大师，苹果一定不会允许，让自己的竞争对手，同时把控着自己的三大命脉。\n于是，一边与三星蜜里调油，另一边，2010年苹果就悄悄与台积电搭上了线。为了双方能够合作得更顺畅，台积电还专门成立了一支由百余位跨部门的研发工程师组成的“one team”战队，驻扎美国苹果总部，一起快马加鞭搞秘密研发，企图彻底绕过三星的专利。\n研发初见进展后，苹果立刻在2011年闪电向三星提起16项侵权指控。而三星则反手又将苹果告上法庭，反诉苹果侵权，甚至要求美国禁售iPhone。\n苹果与三星鹬蚌相争，台积电渔翁得利。\n从2014年苹果的A8芯片起，台积电开始代工大部分苹果芯片，iPhone 7时代开始，台积电则完全垄断了所有苹果芯片的生产。合作延续至如今，苹果仍是台积电最大的客户，每年为台积电贡献了近20%的收入。\n至此，台积电正式确定了芯片代工的龙头地位。\n但只是给最厉害的客户打工，就能够成就如今的台积电吗？作为苹果最大的代工厂，富士康第一个不同意。\n\n同样是代工之王，台积电可以卡住全球客户的咽喉，而富士康却对苹果扶持竞争对手来抢生意无可奈何。\n截然不同的命运背后，其实早在赛道选择之时就已经埋下伏笔。\n以富士康为代表的电子产品组装，本质上是个只要召集了足够多工人，就能在流水线上24小时开工的低门槛行业。因此，做代工，二十年前，富士康在中国台湾面临着“台系代工五虎”——广达、仁宝、和硕、纬创、英业达抢生意；最近十年，富士康又面临着，曾经一手带大的大陆“小弟”立讯、歌尔、闻泰、比亚迪们，在自己的地盘疯狂抢生意。\n这种低技术含量、低门槛体现在财报中，就表现为富士康比剃须刀刀片还要薄的毛利之中：近十年，富士康为保住从未突破10%的毛利，一路将工厂从深圳搬到郑州，又从郑州拓展到越南……不断在人力成本的不同洼地之间辗转搬迁。\n与此形成鲜明对比的是，台积电对应的芯片代工是一个坐在摩尔定律车轮上滚滚向前的产业。在摩尔定律的主导下，集成电路上可容纳的元器件的数量每隔18至24个月就会增加一倍，相应的晶体管的尺寸也会不断缩小，半导体的制造难度也越来越高。\n体现在资本开支上，半导体行业从8英寸向12英寸升级的过程中，成本急剧上升：一座8英寸的晶圆厂造价视产能最低1亿，最高15亿美元，一般的企业咬咬牙还能顶上。而一座新的12英寸晶圆厂造价则高达25亿到30亿美金，足以将行业内大部分竞争对手甩在身后。\n不同的技术含量，也决定了不同的竞争格局。富士康越努力，竞争对手越多；而台积电一路走来，从0.18微米到3纳米独步天下，不仅竞争对手越来越少，就连曾经的老大哥英特尔、IBM也被甩在身后。\n\n对手越来越少，利润自然就越来越高，同处中国台湾，富士康全球设厂，毛利不足10%，一不留神，就被苹果用纬创、和硕以及立讯牵制；\n而坚持三十年只在中国台湾生产高阶制程产品的台积电，则可以常年维持在50%左右的毛利，而客户想要抢到台积电的最新产能，只是有钱还万万不够：2020年9月，台积电因美国制裁被迫断供华为后，高通、联发科这才有了替补华为，用上台积电最新5nm产能的机会。\n市场份额稳居第一，行业的资金门槛不断提升；技术的红利效应不断叠加……独孤求败的台积电，在芯片代工领域，已然奠定了其不可撼动的第一宝座。\n回顾历史，台积电能崛起成为代工之王，有三大原因：PC时代，有了半个英特尔与英伟达支持；手机时代被苹果选择，成为制衡三星的重要工具；此后数年，又坐在摩尔定律的车轮上，靠着技术与资本优势，将一众竞争对手远远甩在身后。\n只不过，台积电从“芯片代工之王”变成“股王”，还差最后一步：让市值排在台积电之前的互联网企业们，在资本市场跌落神坛。\n\n从年初至今，一边是台积电在史诗级的芯片大缺货中赚得盆满钵满，近期股价更是一跃成为亚洲股王。另一边，反观传统“股神”互联网，年初至今，腾讯从最高点暴跌45%；阿里至今跌幅超过30%；百度股价更在港交所上市至今跌幅超过45%。\n从芯片代工之王进阶亚洲股王背后，台积电离不开自身的努力，同时，更离不开历史的进程。\n而进程之外，更给我们一丝启示：做难而正确的事，越坚持越顺利。","news_type":1,"symbols_score_info":{"TSM":0.9,"TWmain":0.9,"03145":0.9,"EWT":0.9}},"isVote":1,"tweetType":1,"viewCount":4851,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897597929,"gmtCreate":1628937818061,"gmtModify":1676529896869,"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558566101600142","authorIdStr":"3558566101600142"},"themes":[],"title":"","htmlText":"What talking","listText":"What talking","text":"What talking","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/897597929","repostId":"1136171534","repostType":4,"repost":{"id":"1136171534","kind":"news","pubTimestamp":1628915280,"share":"https://ttm.financial/m/news/1136171534?lang=en_US&edition=fundamental","pubTime":"2021-08-14 12:28","market":"us","language":"zh","title":"US infrastructure plans may change! Nine moderate Democrats \"defected\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1136171534","media":"智通财经网","summary":"这封信让佩洛西再次陷入众议院民主党温和派和激进派之间的拉力赛。","content":"<p>Author: Chen Shiye</p><p>Nine moderate House Democrats jointly wrote to House Speaker Nancy Pelosi, threatening to have reservations about the $3.5 trillion subsequent spending plan until the bipartisan infrastructure bill is formally signed into law.</p><p>In the letter, Democrats wrote: \"We will not consider voting to support a $3.5 trillion budget resolution until the bipartisan Infrastructure Investment and Jobs Act is passed and signed into law by the House of Representatives.\"</p><p>The moderates' stance could derail Pelosi's plans to bring the budget resolution to a vote in the House of Representatives during the week of August 23. The narrow Democratic advantage behind Pelosi means she can only withstand a maximum of three members of her party defecting in the budget plan vote, and the bill is not expected to receive support from any Republicans in the House.</p><p>The letter has Pelosi once again caught in a rally between moderate and radical factions of House Democrats.</p><p>Currently, the $550 billion infrastructure bill is on hold. Previously, in order to meet the demands of radicals within the House of Representatives, Pelosi vowed to wait until the Senate had passed the $3.5 trillion budget plan before voting on the infrastructure bill, in order to ensure that social programs and climate change issues were prioritized. Overall, the infrastructure package and the policies outlined in the budget framework form the core of the economic agenda set by the Biden administration.</p><p>Leaders of the House Blue Dog Coalition issued a statement Tuesday calling on Pelosi to quickly vote on the infrastructure bill. The Blue Dog Coalition is made up of fiscally conservative Democrats.</p><p>The president of the Blue Dog Alliance stated that they \"remain opposed to any unnecessary reasons for delaying these critical infrastructure investments, which will create high-paying jobs, maintain the competitiveness of American businesses, and promote U.S. economic growth.\"</p>","source":"highlight_zhitongcaijin","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>US infrastructure plans may change! Nine moderate Democrats \"defected\"</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\">\nUS infrastructure plans may change! Nine moderate Democrats \"defected\"\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经网</strong><span class=\"h-time small\">2021-08-14 12:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Author: Chen Shiye</p><p>Nine moderate House Democrats jointly wrote to House Speaker Nancy Pelosi, threatening to have reservations about the $3.5 trillion subsequent spending plan until the bipartisan infrastructure bill is formally signed into law.</p><p>In the letter, Democrats wrote: \"We will not consider voting to support a $3.5 trillion budget resolution until the bipartisan Infrastructure Investment and Jobs Act is passed and signed into law by the House of Representatives.\"</p><p>The moderates' stance could derail Pelosi's plans to bring the budget resolution to a vote in the House of Representatives during the week of August 23. The narrow Democratic advantage behind Pelosi means she can only withstand a maximum of three members of her party defecting in the budget plan vote, and the bill is not expected to receive support from any Republicans in the House.</p><p>The letter has Pelosi once again caught in a rally between moderate and radical factions of House Democrats.</p><p>Currently, the $550 billion infrastructure bill is on hold. Previously, in order to meet the demands of radicals within the House of Representatives, Pelosi vowed to wait until the Senate had passed the $3.5 trillion budget plan before voting on the infrastructure bill, in order to ensure that social programs and climate change issues were prioritized. Overall, the infrastructure package and the policies outlined in the budget framework form the core of the economic agenda set by the Biden administration.</p><p>Leaders of the House Blue Dog Coalition issued a statement Tuesday calling on Pelosi to quickly vote on the infrastructure bill. The Blue Dog Coalition is made up of fiscally conservative Democrats.</p><p>The president of the Blue Dog Alliance stated that they \"remain opposed to any unnecessary reasons for delaying these critical infrastructure investments, which will create high-paying jobs, maintain the competitiveness of American businesses, and promote U.S. economic growth.\"</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.zhitongcaijing.com/content/detail/535111.html\">智通财经网</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/57ad66c83796c50731ef69a802b644e7","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.zhitongcaijing.com/content/detail/535111.html","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"1136171534","content_text":"作者： 陈诗烨\n美国九名温和派众议院民主党人士联名去信众议院议长佩洛西，威胁道，在两党通过的基建法案正式签署成为法律前，他们将对3.5万亿美元的后续支出计划持保留意见。\n民主党人在这封信中写道:“两党支持的《基础设施投资和就业法案》(Infrastructure Investment and Jobs Act)在众议院通过并签署成为法律之前，我们不会考虑投票支持3.5万亿美元的预算决议。”\n温和派的立场可能会破坏佩洛西在8月23日当周将预算决议提交众议院投票的计划。佩洛西背后民主党人微弱优势意味着，她只能在预算计划投票中最多承受三名该党派成员倒戈，预计该议案在众议院不会得到任何共和党人的支持。\n这封信让佩洛西再次陷入众议院民主党温和派和激进派之间的拉力赛。\n目前，5500亿美元的基础设施法案被搁置。此前为了满足众议院内部激进派的要求，佩洛西誓言要等到参议院完成该3.5万亿预算方案通过后，才表决基础设施法案，以确保优先解决社会项目和气候变化问题。总的来说，基础设施的一揽子计划和预算框架中概述的政策构成了拜登政府制定的经济议程核心。\n众议院蓝狗联盟(House Blue Dog Coalition)的领导人星期二发表声明，呼吁佩洛西迅速对基础设施法案进行投票。蓝狗联盟由财政上保守的民主党人组成。\n蓝狗联盟主席表示，他们“仍然反对任何不必要的理由推迟这些关键基础设施投资，这些投资将创造高薪就业机会，保持美国企业的竞争力，并促进美国经济增长。”","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":6859,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891450860,"gmtCreate":1628415524150,"gmtModify":1703506057407,"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558566101600142","authorIdStr":"3558566101600142"},"themes":[],"title":"","htmlText":"Tik top,top tik???","listText":"Tik top,top tik???","text":"Tik top,top tik???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/891450860","repostId":"1183672765","repostType":4,"repost":{"id":"1183672765","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1628396628,"share":"https://ttm.financial/m/news/1183672765?lang=en_US&edition=fundamental","pubTime":"2021-08-08 12:23","market":"hk","language":"zh","title":"Market news: ByteDance restarts IPO plan","url":"https://stock-news.laohu8.com/highlight/detail?id=1183672765","media":"老虎资讯综合","summary":"8月8日，英国金融时报援引消息人士称，字节跳动已经重启其上市计划，计划在2022年年初在香港上市。字节跳动目前估值约1800亿美元，消息人士透露，字节跳动可能在9月提交上市最终指引信，并预计最快可能在","content":"<p>On August 8, the Financial Times, citing sources, reported that ByteDance has restarted its IPO plans, aiming to list in Hong Kong in early 2022. ByteDance is currently valued at approximately $180 billion. Sources revealed that ByteDance may submit its final IPO guidance letter in September and expects to go public as early as the fourth quarter of this year or early 2022.</p><p>ByteDance was reportedly valued at $180 billion in a funding round last December. Since last year, the company has been rumored to be considering an initial public offering (IPO) plan to conduct all or part of its business in the United States or Hong Kong, but has never admitted it.</p><p>In late March of this year, ByteDance hired former Xiaomi executive Shou Zi Chew as the newly established Chief Financial Officer (CFO). During his tenure as CFO of Xiaomi, Shou Zi Chew helped Xiaomi complete its Hong Kong IPO.</p><p>However, ByteDance did not have a chief financial officer before hiring Shou Zi Chew. This move was widely interpreted as ByteDance preparing for an IPO.</p><p>In addition, in mid-April this year, media reported that ByteDance submitted an underwriter appointment letter to the Hong Kong Stock Exchange, initiated the listing process in Hong Kong, and will submit its listing application in the second quarter. ByteDance responded at the time: We would not comment on this.</p><p>On June 17, ByteDance released its first official financial statistics and disclosure: its actual revenue in 2020 reached 236.6 billion yuan, a year-on-year increase of 111%; The company incurred an operating loss of 14.7 billion yuan.</p><p>On the same day, Liang Rubo, the new CEO who succeeded Zhang Yiming, said: \"The company is growing and entering a new stage. We hope to be more transparent and open both internally and externally. Therefore, while updating our business progress, we will also release our business data and financial situation, including revenue and profit, to all employees.\"</p>","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>Market news: ByteDance restarts IPO plan</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\">\nMarket news: ByteDance restarts IPO plan\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-08-08 12:23</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On August 8, the Financial Times, citing sources, reported that ByteDance has restarted its IPO plans, aiming to list in Hong Kong in early 2022. ByteDance is currently valued at approximately $180 billion. Sources revealed that ByteDance may submit its final IPO guidance letter in September and expects to go public as early as the fourth quarter of this year or early 2022.</p><p>ByteDance was reportedly valued at $180 billion in a funding round last December. Since last year, the company has been rumored to be considering an initial public offering (IPO) plan to conduct all or part of its business in the United States or Hong Kong, but has never admitted it.</p><p>In late March of this year, ByteDance hired former Xiaomi executive Shou Zi Chew as the newly established Chief Financial Officer (CFO). During his tenure as CFO of Xiaomi, Shou Zi Chew helped Xiaomi complete its Hong Kong IPO.</p><p>However, ByteDance did not have a chief financial officer before hiring Shou Zi Chew. This move was widely interpreted as ByteDance preparing for an IPO.</p><p>In addition, in mid-April this year, media reported that ByteDance submitted an underwriter appointment letter to the Hong Kong Stock Exchange, initiated the listing process in Hong Kong, and will submit its listing application in the second quarter. ByteDance responded at the time: We would not comment on this.</p><p>On June 17, ByteDance released its first official financial statistics and disclosure: its actual revenue in 2020 reached 236.6 billion yuan, a year-on-year increase of 111%; The company incurred an operating loss of 14.7 billion yuan.</p><p>On the same day, Liang Rubo, the new CEO who succeeded Zhang Yiming, said: \"The company is growing and entering a new stage. We hope to be more transparent and open both internally and externally. Therefore, while updating our business progress, we will also release our business data and financial situation, including revenue and profit, to all employees.\"</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/57922dcc5f7a43f1fddaf18d1a519025","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183672765","content_text":"8月8日，英国金融时报援引消息人士称，字节跳动已经重启其上市计划，计划在2022年年初在香港上市。字节跳动目前估值约1800亿美元，消息人士透露，字节跳动可能在9月提交上市最终指引信，并预计最快可能在今年第四季度或者2022年年初实现上市。\n据悉，字节跳动在去年12月的一轮融资中估值为1800亿美元，从去年去该公司一直被传出在考虑于美国或香港进行全部或部分业务的首次公开募股上市计划，但从未承认。\n今年3月下旬，字节跳动聘请小米前高管周受资担任新设立的首席财务官（CFO）一职。而周受资在小米担任CFO期间，帮助小米完成了赴港上市。\n但在聘请周受资之前，字节跳动并没有首席财务官。此举曾被广泛解读为字节跳动在为IPO事宜做准备。\n此外，在今年4月中旬媒体报道称，字节跳动向港交所提交了承销商聘用函，启动了赴港上市流程，并将于第二季度递交上市申请。字节跳动当时回应：对此不予置评。\n6月17日，字节跳动首次以官方口径统计并披露了财务情况：2020年实际收入达2366亿元，同比增长111%；经营亏损147亿元。\n当日，接任张一鸣的新任CEO梁汝波表示：“公司变大，也在进入新阶段，我们希望对内对外更加透明、开放，所以在更新业务进展的同时，也会向全员公布我们的业务数据和财务情况，包括收入和利润。”","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":5963,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893513110,"gmtCreate":1628285763030,"gmtModify":1703504440985,"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558566101600142","authorIdStr":"3558566101600142"},"themes":[],"title":"","htmlText":"How your understand.?","listText":"How your understand.?","text":"How your understand.?","images":[{"img":"https://static.tigerbbs.com/fd28fa18f79f58a894255a2538a1088f","width":"1080","height":"2993"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/893513110","isVote":1,"tweetType":1,"viewCount":4799,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":804349768,"gmtCreate":1627940279254,"gmtModify":1703498080180,"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558566101600142","authorIdStr":"3558566101600142"},"themes":[],"title":"","htmlText":"Gogogo","listText":"Gogogo","text":"Gogogo","images":[{"img":"https://static.tigerbbs.com/6e4f76eb1aadcae31a9684825642f95e","width":"1080","height":"2855"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804349768","isVote":1,"tweetType":1,"viewCount":4856,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":805806543,"gmtCreate":1627868198382,"gmtModify":1703496810024,"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558566101600142","authorIdStr":"3558566101600142"},"themes":[],"title":"","htmlText":"Talk you know","listText":"Talk you know","text":"Talk you know","images":[{"img":"https://static.tigerbbs.com/335fd50c032b40644a4c592f2b1c94a4","width":"1080","height":"3064"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/805806543","isVote":1,"tweetType":1,"viewCount":4977,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":800745991,"gmtCreate":1627335120813,"gmtModify":1703487671366,"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558566101600142","authorIdStr":"3558566101600142"},"themes":[],"title":"","htmlText":"Sell or buy","listText":"Sell or buy","text":"Sell or 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fry","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/800647327","repostId":"1120839655","repostType":4,"repost":{"id":"1120839655","kind":"news","pubTimestamp":1627298782,"share":"https://ttm.financial/m/news/1120839655?lang=en_US&edition=fundamental","pubTime":"2021-07-26 19:26","market":"us","language":"zh","title":"Concerns about peaking growth in US stocks may be easing, and cyclical stocks are expected to regain favor.","url":"https://stock-news.laohu8.com/highlight/detail?id=1120839655","media":"新浪财经","summary":"策略师正在反驳市场中的“增长见顶”担忧，认为一些与美国经济重启相关的股票已处于超卖状态。\nDavid Kostin等高盛集团的策略师在报告中写道，美国广泛的疫苗接种对经济增长构成支撑，诸如航空公司和酒","content":"<p><img src=\"https://static.tigerbbs.com/4300799d778b76756cdf213776b8b53a\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"></p><p>Strategists are refuting market concerns that \"growth has peaked,\" believing that some stocks related to the restart of the U.S. economy are already oversold.</p><p>David Kostin et al.<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>In a report, the group's strategists wrote that widespread vaccination in the United States is supporting economic growth, and underperforming sectors such as airlines and hotels should rebound in the coming months. Tom Lee of Fundstrat Global Advisors LLC said that stocks that have plummeted amid concerns about the delta variant of the coronavirus—such as energy stocks—are expected to rebound this week.</p><p>“Investors are concerned about the impact of the delta variant on economic growth, but this new pressure should not pose a significant market risk,” Goldman Sachs’ team wrote last Friday. The team supports \"allocating strategic positions in cyclical stocks at risk of pandemic exposure, as well as making longer-term investments in high-quality traditional growth stocks.\"</p><p>Despite strategists' bullish comments, risk aversion remained strong in the market on Monday. U.S. stock index futures fell as investors sought to hedge in U.S. Treasury bonds.</p><p><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Strategists also expect cyclical stocks to rebound. Fundstrat’s Lee predicts that “stronger and more widespread risk appetite” will soon emerge.</p><p>Some people are also cautious. John Briggs, global head of strategy at Natwest Markets, said volatility surrounding concerns about economic growth is likely to persist, and the market will enter new ranges, but trading will be volatile.</p>","source":"XLCJ","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>Concerns about peaking growth in US stocks may be easing, and cyclical stocks are expected to regain favor.</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\">\nConcerns about peaking growth in US stocks may be easing, and cyclical stocks are expected to regain favor.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪财经</strong><span class=\"h-time small\">2021-07-26 19:26</span>\n</p>\n</h4>\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/4300799d778b76756cdf213776b8b53a\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"></p><p>Strategists are refuting market concerns that \"growth has peaked,\" believing that some stocks related to the restart of the U.S. economy are already oversold.</p><p>David Kostin et al.<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>In a report, the group's strategists wrote that widespread vaccination in the United States is supporting economic growth, and underperforming sectors such as airlines and hotels should rebound in the coming months. Tom Lee of Fundstrat Global Advisors LLC said that stocks that have plummeted amid concerns about the delta variant of the coronavirus—such as energy stocks—are expected to rebound this week.</p><p>“Investors are concerned about the impact of the delta variant on economic growth, but this new pressure should not pose a significant market risk,” Goldman Sachs’ team wrote last Friday. The team supports \"allocating strategic positions in cyclical stocks at risk of pandemic exposure, as well as making longer-term investments in high-quality traditional growth stocks.\"</p><p>Despite strategists' bullish comments, risk aversion remained strong in the market on Monday. U.S. stock index futures fell as investors sought to hedge in U.S. Treasury bonds.</p><p><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Strategists also expect cyclical stocks to rebound. Fundstrat’s Lee predicts that “stronger and more widespread risk appetite” will soon emerge.</p><p>Some people are also cautious. John Briggs, global head of strategy at Natwest Markets, said volatility surrounding concerns about economic growth is likely to persist, and the market will enter new ranges, but trading will be volatile.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/stock/usstock/c/2021-07-26/doc-ikqciyzk7766928.shtml\">新浪财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/347452cc99fb488c45ccd900fcf3aa20","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2021-07-26/doc-ikqciyzk7766928.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120839655","content_text":"策略师正在反驳市场中的“增长见顶”担忧，认为一些与美国经济重启相关的股票已处于超卖状态。\nDavid Kostin等高盛集团的策略师在报告中写道，美国广泛的疫苗接种对经济增长构成支撑，诸如航空公司和酒店等表现落后的领域应会在未来几个月回升。Fundstrat Global Advisors LLC的Tom Lee表示，在delta变种新冠病毒相关担忧之下重挫的股票——例如能源股——本周有望反弹。\n“投资者担心delta变种病毒对经济增长的影响，但这一新压力应该不会构成重大市场风险，”高盛的团队上周五写道。该团队支持“在有疫情暴露风险的周期类股中配置策略性头寸，以及对高质量传统成长股进行更长期的投资。”\n尽管策略师们发出了看涨的点评，但周一市场避险情绪依然浓厚。美国股指期货下跌，投资者寻求在美债中避险。\n摩根大通的策略师们也预计周期性股将反弹。Fundstrat的Lee预测很快就会出现“更强、更普遍的风险偏好”。\n也有一些人持谨慎态度。Natwest Markets的策略部门全球主管John Briggs表示，围绕经济增长担忧的波动可能会继续存在，市场将处于新的区间，但交易会呈震荡格局。","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2042,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":800644329,"gmtCreate":1627301530561,"gmtModify":1703487098015,"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558566101600142","authorIdStr":"3558566101600142"},"themes":[],"title":"","htmlText":"Buy or sell","listText":"Buy or sell","text":"Buy or sell","images":[{"img":"https://static.tigerbbs.com/0c6ce69eda18e213c723ced574c0fc57","width":"1080","height":"2447"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/800644329","isVote":1,"tweetType":1,"viewCount":1599,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":177696136,"gmtCreate":1627205367625,"gmtModify":1703485546419,"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558566101600142","authorIdStr":"3558566101600142"},"themes":[],"title":"","htmlText":"Faang","listText":"Faang","text":"Faang","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/177696136","repostId":"2153935166","repostType":4,"isVote":1,"tweetType":1,"viewCount":1531,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"idStr":"3558566101600142","authorIdStr":"3558566101600142"},"content":"[Money obsession] [Money obsession] [Money obsession]","text":"[Money obsession] [Money obsession] [Money obsession]","html":"[Money obsession] [Money obsession] [Money obsession]"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178685797,"gmtCreate":1626817750119,"gmtModify":1703765611076,"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558566101600142","authorIdStr":"3558566101600142"},"themes":[],"title":"","htmlText":"No pain no gain","listText":"No pain no gain","text":"No pain no gain","images":[{"img":"https://static.tigerbbs.com/6a01a92e916085b8936c3446594a08a1","width":"1080","height":"2998"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/178685797","isVote":1,"tweetType":1,"viewCount":2392,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":147952580,"gmtCreate":1626329719240,"gmtModify":1703758014685,"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558566101600142","authorIdStr":"3558566101600142"},"themes":[],"title":"","htmlText":"No money buy already","listText":"No money buy already","text":"No money buy already","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/147952580","repostId":"1115500288","repostType":4,"repost":{"id":"1115500288","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1626327075,"share":"https://ttm.financial/m/news/1115500288?lang=en_US&edition=fundamental","pubTime":"2021-07-15 13:31","market":"other","language":"zh","title":"TSMC reported Q2 revenue of $13.289 billion and net profit of $4.798 billion.","url":"https://stock-news.laohu8.com/highlight/detail?id=1115500288","media":"老虎资讯综合","summary":"7月15日，台积电发布2021年第二季度财报。财报显示，第二季度营收132.89亿美元，市场预期131.67亿美元，去年同期103.85亿美元；第二季度净利润47.98亿美元，市场预期48.31亿美元","content":"<p>On July 15,<a href=\"https://laohu8.com/S/TSM\">TSMC</a>Release the financial report for the second quarter of 2021. The financial report shows that second-quarter revenue was $13.289 billion, compared to market expectations of $13.167 billion and $10.385 billion in the same period last year; Second-quarter net income was $4.798 billion, compared to market expectations of $4.831 billion and $4.038 billion in the same period last year; Earnings per ADS in the second quarter were $0.39, compared to $0.78 in the same period last year.</p><p>Gross profit margin for the second quarter was 50%, compared to market expectations of 50.9%; In the second quarter, 7nm process revenue accounted for 31%, and 5nm process revenue accounted for 18%.</p><p>By platform, smartphone business revenue accounted for 42% in the second quarter, high-performance computing platforms accounted for 39%, IoT devices accounted for 8%, and automotive and data circuit terminals accounted for 4% each.</p><p>Capital expenditures so far this year are approximately US$14.81 billion.</p><p>Based on the company's current business prospects, management expects the overall performance to be as follows:</p><p>Third-quarter revenue is expected to be between $14.6 billion and $14.9 billion; The gross profit margin for the third quarter is expected to be 49.5%-51.5%, compared to the previous forecast of 51.5%. Revenue in US dollar terms is expected to grow by more than 20% in 2021; The shortage of automotive chips will be further alleviated this quarter; Automotive MCU production is expected to increase by nearly 60% year-on-year.</p><p>TSMC stated at its earnings conference: Taiwan will remain our R&D center, and we will continue to produce advanced process chips in Taiwan. The plan is to produce 5nm chips at the Arizona factory in the first quarter of 2024; There are currently no plans to expand in Arizona; We will expand production at our wafer fab in Nanjing.</p><p><img src=\"https://static.tigerbbs.com/68aeb114f6153ee8628056cacae8e453\" tg-width=\"696\" tg-height=\"458\" referrerpolicy=\"no-referrer\"></p>","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>TSMC reported Q2 revenue of $13.289 billion and net profit of $4.798 billion.</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\">\nTSMC reported Q2 revenue of $13.289 billion and net profit of $4.798 billion.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-07-15 13:31</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On July 15,<a href=\"https://laohu8.com/S/TSM\">TSMC</a>Release the financial report for the second quarter of 2021. The financial report shows that second-quarter revenue was $13.289 billion, compared to market expectations of $13.167 billion and $10.385 billion in the same period last year; Second-quarter net income was $4.798 billion, compared to market expectations of $4.831 billion and $4.038 billion in the same period last year; Earnings per ADS in the second quarter were $0.39, compared to $0.78 in the same period last year.</p><p>Gross profit margin for the second quarter was 50%, compared to market expectations of 50.9%; In the second quarter, 7nm process revenue accounted for 31%, and 5nm process revenue accounted for 18%.</p><p>By platform, smartphone business revenue accounted for 42% in the second quarter, high-performance computing platforms accounted for 39%, IoT devices accounted for 8%, and automotive and data circuit terminals accounted for 4% each.</p><p>Capital expenditures so far this year are approximately US$14.81 billion.</p><p>Based on the company's current business prospects, management expects the overall performance to be as follows:</p><p>Third-quarter revenue is expected to be between $14.6 billion and $14.9 billion; The gross profit margin for the third quarter is expected to be 49.5%-51.5%, compared to the previous forecast of 51.5%. Revenue in US dollar terms is expected to grow by more than 20% in 2021; The shortage of automotive chips will be further alleviated this quarter; Automotive MCU production is expected to increase by nearly 60% year-on-year.</p><p>TSMC stated at its earnings conference: Taiwan will remain our R&D center, and we will continue to produce advanced process chips in Taiwan. The plan is to produce 5nm chips at the Arizona factory in the first quarter of 2024; There are currently no plans to expand in Arizona; We will expand production at our wafer fab in Nanjing.</p><p><img src=\"https://static.tigerbbs.com/68aeb114f6153ee8628056cacae8e453\" tg-width=\"696\" tg-height=\"458\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/975836d8c6eb511241583dccb0d387f2","relate_stocks":{"TSM":"台积电"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115500288","content_text":"7月15日，台积电发布2021年第二季度财报。财报显示，第二季度营收132.89亿美元，市场预期131.67亿美元，去年同期103.85亿美元；第二季度净利润47.98亿美元，市场预期48.31亿美元，去年同期40.38亿美元；第二季度每ADS盈利0.39美元，去年同期0.78美元。\n第二季度毛利率50%，市场预期50.9%；第二季度7nm制程营收占比31%，5nm制程营收占比18%。\n按平台划分，第二季度智能手机业务营收占比42%，高性能计算平台占比39%，物联网设备占8%，汽车及数据电路终端分别占4%。\n本年至今资本支出约为148.1亿美元。\n根据公司目前的业务前景，管理层预计整体业绩如下：\n预计第三季度营收146亿-149亿美元；预计第三季度毛利率49.5%-51.5%，此前预期为51.5%；预计2021年以美元计价营收将增长20%以上；汽车芯片短缺问题在本季度将进一步得到缓解；预计汽车MCU产量将同比增长接近60%。\n台积电在业绩会上表示：台湾仍将是我们的研发中心，我们仍会在台湾生产先进制程芯片；计划在2024年第一季度在亚利桑那工厂生产5nm芯片；目前在没有在亚利桑那州进行规模扩张的计划；将在南京的晶圆厂进行扩产。","news_type":1,"symbols_score_info":{"TSM":0.9}},"isVote":1,"tweetType":1,"viewCount":2331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147956261,"gmtCreate":1626329687353,"gmtModify":1703758013553,"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558566101600142","authorIdStr":"3558566101600142"},"themes":[],"title":"","htmlText":"Oil done","listText":"Oil done","text":"Oil done","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/147956261","repostId":"2151541282","repostType":4,"isVote":1,"tweetType":1,"viewCount":1873,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188246002,"gmtCreate":1623452136506,"gmtModify":1704203885783,"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558566101600142","authorIdStr":"3558566101600142"},"themes":[],"title":"","htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188246002","repostId":"2142205569","repostType":4,"repost":{"id":"2142205569","kind":"highlight","pubTimestamp":1623422311,"share":"https://ttm.financial/m/news/2142205569?lang=en_US&edition=fundamental","pubTime":"2021-06-11 22:38","market":"us","language":"zh","title":"How dangerous is Bezos's trip to space?","url":"https://stock-news.laohu8.com/highlight/detail?id=2142205569","media":"36氪","summary":"6月11日消息，亚马逊创始人杰夫·贝索斯（Jeff Bezos）可以乘坐私人飞机环游地球，也可以乘坐大型游艇进行环球航行；他可以买下整个美国国家橄榄球联盟，也可以随手给亲友买下一座群岛；他还可以买下6","content":"<p>June 11th news,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Founder Jeff Bezos can travel around the globe on a private jet or on a large yacht; He can buy the entire NFL, or buy an archipelago for friends and relatives. He can also buy 65,000 Bugatti Chirons sports cars with a starting price of $2.9 million. As one of the richest people in the world, Bezos can get anything on earth. But Bezos seems poised to risk everything for an 11-minute trip to space.</p><p><h2><b>How risky is his decision?</b></h2>The answer may not be what you expect. Historically, space flight has been fraught with dangers. But the stakes aren't necessarily great for Bezos' journey to space, as Blue Origin, the space company he funds, has spent much of the past decade repeatedly testing the New Shepard suborbital-class rocket with a string of successes as well. Bezos will complete a space flight aboard this rocket.</p><p>However, the spaceflight, which Bezos conducted with his brother Mark Bezos, will be the first manned flight test of the New Shepard rocket, and it will not be entirely risk-free.</p><p>What will Bezos' first space flight look like? What is the risk of people going into space now?</p><p><h2><b>What was Bezos's trip to space like?</b></h2>When most people think of spaceflight, they think of astronauts orbiting the Earth and spending at least a few days in space.</p><p>The Bezos brothers and other passengers would not do that.</p><p>They go back and forth quickly and in less time than most people spend on the way to work, about 11 minutes in total.</p><p>Suborbital flight is very different from orbital flight that most of us think of when we refer to spaceflight. Blue Origin's New Shepard rocket has a short flight time, and it is straight up and down, only reaching the edge of outer space 100 kilometers above the earth.</p><p><img src=\"https://static.tigerbbs.com/25f0ed4d2e7cb17e1956f78a74c944cf\" tg-width=\"1000\" tg-height=\"563\" referrerpolicy=\"no-referrer\"></p><p>Orbital-class rockets need to gain enough thrust to reach a speed of at least 27,000 kilometers per hour, which is what we call orbital speed, essentially giving the spacecraft enough energy to continue to rotate around the Earth, rather than being immediately pulled back to the ground by gravity.</p><p>Suborbital flight requires much less thrust and speed. This means that the rocket burns for a shorter time, the outside of the spacecraft is subjected to lower temperatures and pressures, and there is less likelihood of serious errors as is usually the case.</p><p>The New Shepard rocket travels suborbitally at about three times the speed of sound, approximately 3,700 kilometers per hour. The rocket will go all the way up vertically until most of the fuel is consumed. The crew compartment will separate from the rocket at the highest point of the track and continue to rise for a short segment, and then the crew compartment will run briefly at the highest segment of the operating track, allowing passengers to experience weightlessness for a few minutes.</p><p>After this, the New Shepard crew compartment opens a large number of parachutes during the descent, reducing the descent speed to below 32 kilometres per hour.</p><p>While the rocket booster will re-ignite the engine and use the onboard computer to accurately complete the vertical landing. The booster landing looks similar to SpaceX's Falcon 9 rocket, which of course has much more thrust and is more prone to exploding on impact.</p><p><h2><b>How risky is this spaceflight?</b></h2>Blue Origin's new Shepard rocket crew bay operates fully automated and requires no flight controls. It has conducted 15 flight tests, and there has never been an explosion accident. The nature of Bezos's spaceflight, compared to his ambitious spaceflight, means that the risk itself is low, but it doesn't mean that the risk is zero.</p><p><img src=\"https://static.tigerbbs.com/614a8ab2cf54dc3204b9f7dfb54ab8d0\" tg-width=\"1000\" tg-height=\"563\" referrerpolicy=\"no-referrer\"></p><p>Since suborbital flight does not require that much speed and does not require re-entry into the Earth's atmosphere at incredible speeds, it is much less risky than orbital flight. During the return of the orbiting capsule to the Earth, the external temperature of the spacecraft can reach nearly 2,000 degrees Celsius, and astronauts once had to bear an acceleration of 4.5G. At the same time, the thickening atmosphere puts more and more pressure on the spacecraft.</p><p>High speeds and high altitudes carry inherent risks, and even minor mistakes can have serious consequences. At an altitude of more than 15,000 meters, people can't survive without wearing a spacesuit, and Bezos will fly to an altitude of 100 kilometers above the ground. But the capsule he's in is pressurized, so he doesn't need a spacesuit to keep himself safe, and if the cabin loses pressure, Bezos can use an oxygen mask. The New Shepard rocket is also equipped with an abort system for pushing the crew bay and passengers away from the rocket in an emergency. The crew compartment also has a backup safety feature, which allows the crew compartment to land safely even if several parachutes can't be opened.</p><p>Even so, there is no way to absolutely guarantee safety if the New Shepard rocket malfunctions.</p><p>While suborbital flights are less risky than orbital flights, they still have the potential to be fatal.</p><p>For example,<a href=\"https://laohu8.com/S/SPCE\">Virgin Galactic</a>A suborbital vehicle disintegrated during a test flight in 2014 after a co-pilot of the aircraft prematurely activated the plume system used to keep the vehicle stable during the descent phase. The abruptly increased drag tore the vehicle to pieces, killing one pilot.</p><p>Since then, Virgin Galactic has carried out three successful test flights of the improved Spacecraft II vehicle. Blue Origin has yet to encounter a similar accident during the beta phase. But as the saying has been circulating for a long time, getting into space is really hard.</p><p>But Bezos said it was worth the risk.</p>","source":"36kr_stock","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>How dangerous is Bezos's trip to space?</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\">\nHow dangerous is Bezos's trip to space?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">36氪</strong><span class=\"h-time small\">2021-06-11 22:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p>June 11th news,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Founder Jeff Bezos can travel around the globe on a private jet or on a large yacht; He can buy the entire NFL, or buy an archipelago for friends and relatives. He can also buy 65,000 Bugatti Chirons sports cars with a starting price of $2.9 million. As one of the richest people in the world, Bezos can get anything on earth. But Bezos seems poised to risk everything for an 11-minute trip to space.</p><p><h2><b>How risky is his decision?</b></h2>The answer may not be what you expect. Historically, space flight has been fraught with dangers. But the stakes aren't necessarily great for Bezos' journey to space, as Blue Origin, the space company he funds, has spent much of the past decade repeatedly testing the New Shepard suborbital-class rocket with a string of successes as well. Bezos will complete a space flight aboard this rocket.</p><p>However, the spaceflight, which Bezos conducted with his brother Mark Bezos, will be the first manned flight test of the New Shepard rocket, and it will not be entirely risk-free.</p><p>What will Bezos' first space flight look like? What is the risk of people going into space now?</p><p><h2><b>What was Bezos's trip to space like?</b></h2>When most people think of spaceflight, they think of astronauts orbiting the Earth and spending at least a few days in space.</p><p>The Bezos brothers and other passengers would not do that.</p><p>They go back and forth quickly and in less time than most people spend on the way to work, about 11 minutes in total.</p><p>Suborbital flight is very different from orbital flight that most of us think of when we refer to spaceflight. Blue Origin's New Shepard rocket has a short flight time, and it is straight up and down, only reaching the edge of outer space 100 kilometers above the earth.</p><p><img src=\"https://static.tigerbbs.com/25f0ed4d2e7cb17e1956f78a74c944cf\" tg-width=\"1000\" tg-height=\"563\" referrerpolicy=\"no-referrer\"></p><p>Orbital-class rockets need to gain enough thrust to reach a speed of at least 27,000 kilometers per hour, which is what we call orbital speed, essentially giving the spacecraft enough energy to continue to rotate around the Earth, rather than being immediately pulled back to the ground by gravity.</p><p>Suborbital flight requires much less thrust and speed. This means that the rocket burns for a shorter time, the outside of the spacecraft is subjected to lower temperatures and pressures, and there is less likelihood of serious errors as is usually the case.</p><p>The New Shepard rocket travels suborbitally at about three times the speed of sound, approximately 3,700 kilometers per hour. The rocket will go all the way up vertically until most of the fuel is consumed. The crew compartment will separate from the rocket at the highest point of the track and continue to rise for a short segment, and then the crew compartment will run briefly at the highest segment of the operating track, allowing passengers to experience weightlessness for a few minutes.</p><p>After this, the New Shepard crew compartment opens a large number of parachutes during the descent, reducing the descent speed to below 32 kilometres per hour.</p><p>While the rocket booster will re-ignite the engine and use the onboard computer to accurately complete the vertical landing. The booster landing looks similar to SpaceX's Falcon 9 rocket, which of course has much more thrust and is more prone to exploding on impact.</p><p><h2><b>How risky is this spaceflight?</b></h2>Blue Origin's new Shepard rocket crew bay operates fully automated and requires no flight controls. It has conducted 15 flight tests, and there has never been an explosion accident. The nature of Bezos's spaceflight, compared to his ambitious spaceflight, means that the risk itself is low, but it doesn't mean that the risk is zero.</p><p><img src=\"https://static.tigerbbs.com/614a8ab2cf54dc3204b9f7dfb54ab8d0\" tg-width=\"1000\" tg-height=\"563\" referrerpolicy=\"no-referrer\"></p><p>Since suborbital flight does not require that much speed and does not require re-entry into the Earth's atmosphere at incredible speeds, it is much less risky than orbital flight. During the return of the orbiting capsule to the Earth, the external temperature of the spacecraft can reach nearly 2,000 degrees Celsius, and astronauts once had to bear an acceleration of 4.5G. At the same time, the thickening atmosphere puts more and more pressure on the spacecraft.</p><p>High speeds and high altitudes carry inherent risks, and even minor mistakes can have serious consequences. At an altitude of more than 15,000 meters, people can't survive without wearing a spacesuit, and Bezos will fly to an altitude of 100 kilometers above the ground. But the capsule he's in is pressurized, so he doesn't need a spacesuit to keep himself safe, and if the cabin loses pressure, Bezos can use an oxygen mask. The New Shepard rocket is also equipped with an abort system for pushing the crew bay and passengers away from the rocket in an emergency. The crew compartment also has a backup safety feature, which allows the crew compartment to land safely even if several parachutes can't be opened.</p><p>Even so, there is no way to absolutely guarantee safety if the New Shepard rocket malfunctions.</p><p>While suborbital flights are less risky than orbital flights, they still have the potential to be fatal.</p><p>For example,<a href=\"https://laohu8.com/S/SPCE\">Virgin Galactic</a>A suborbital vehicle disintegrated during a test flight in 2014 after a co-pilot of the aircraft prematurely activated the plume system used to keep the vehicle stable during the descent phase. The abruptly increased drag tore the vehicle to pieces, killing one pilot.</p><p>Since then, Virgin Galactic has carried out three successful test flights of the improved Spacecraft II vehicle. Blue Origin has yet to encounter a similar accident during the beta phase. But as the saying has been circulating for a long time, getting into space is really hard.</p><p>But Bezos said it was worth the risk.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://36kr.com/p/1263912507152256\">36氪</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9e340c05ca20f874e1ef85f7592a0fa0","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://36kr.com/p/1263912507152256","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142205569","content_text":"6月11日消息，亚马逊创始人杰夫·贝索斯（Jeff Bezos）可以乘坐私人飞机环游地球，也可以乘坐大型游艇进行环球航行；他可以买下整个美国国家橄榄球联盟，也可以随手给亲友买下一座群岛；他还可以买下65000辆起售价290万美元的布加迪Chirons跑车。作为世界上最富有的人之一，贝索斯可以得到地球上的任何东西。但贝索斯似乎准备冒着一切风险，进行11分钟的太空之旅。\n他的这个决定到底有多大风险?\n答案可能不是你所期望的那样。从历史上看，太空飞行充满危险。但对于贝索斯的太空之旅来说，风险不一定很大，因为他资助的太空公司蓝色起源在过去十年的大部分时间里都在反复测试新谢泼德号亚轨道级火箭，也获得了一系列成功。贝索斯将搭乘这种火箭完成太空飞行。\n不过，贝索斯和他兄弟马克·贝索斯（Mark Bezos）一道进行的太空飞行将是新谢泼德号火箭的首次载人飞行测试，并非完全没有风险。\n贝索斯的首次太空飞行将会是什么样子？现在人们进入太空的风险又有多大呢？\n贝索斯的太空之旅什么样？\n当大多数人想到太空飞行时，他们想到的是宇航员绕地球飞行，在太空中至少待上几天时间。\n贝索斯兄弟两人和其他乘客不会这么做。\n他们会快去快回，而且用的时间比大多数人花在上班路上的时间都要短，总共大约只有11分钟的时间。\n亚轨道飞行与我们大多数人提及太空飞行时想到的轨道飞行有很大不同。蓝色起源的新谢泼德号火箭飞行时间很短，而且是直上直下，只会抵达距地100公里的外太空边缘。\n\n轨道级火箭需要获得足够推力，从而达到至少每小时27000公里的速度，这也就是我们所说的轨道速度，本质上是让飞船有足够能量可以继续绕着地球旋转，而不是立即被重力拉回地面。\n亚轨道飞行所需要的推力和速度要小得多。这意味着火箭燃烧时间更短，飞船外部承受的温度和压力更低，通常情况下发生严重错误的可能性更小。\n新谢泼德号火箭的亚轨道飞行速度约为三倍音速，大约每小时3700公里。火箭将一路垂直向上，直至消耗掉大部分燃料。乘员舱将在轨道最高点与火箭分离，并继续上升一小段，然后乘员舱会在运行轨道的最高段短暂运行，让乘客体验几分钟的失重状态。\n在此之后，新谢泼德号乘员舱会在下降过程中打开大量降落伞，将降落速度降低到每小时32公里以下。\n而火箭助推器将重新点燃发动机，利用机载计算机精确完成垂直着陆。助推器着陆看起来类似于SpaceX的猎鹰9号火箭，当然后者的推力要大得多，而且更容易在撞击时爆炸。\n这种太空飞行的风险有多大?\n蓝色起源公司的新谢泼德号火箭乘员舱是完全自动化运行的，不需要飞行控制人员。其已经进行了15次飞行测试，从未发生过爆炸事故。与雄心勃勃的太空旅行相比，贝索斯这次太空飞行的性质意味着其本身风险很低，但并不意味着风险为零。\n\n由于亚轨道飞行不需要那么快的速度，也不需要以难以置信的速度重返地球大气层，因此比轨道飞行的风险小得多。在进行轨道飞行的太空舱重返地球过程中，飞船外部温度可以达到近2000摄氏度，宇航员一度需要承受4.5G的加速度，而与此同时，不断变厚的大气层对飞船周围的压力越来越大。\n高速和高空都有着固有风险，即使是很小的错误也会带来严重后果。在15000米以上的高度，如果人不穿宇航服就无法存活，而贝索斯将飞行到距地100公里的高度。但他乘坐的太空舱是加压的，所以他不需要宇航服来保证自身安全，而且如果客舱失压，贝索斯可以使用氧气面罩。新谢泼德号火箭还配备了一个中止系统，用于在紧急情况下将乘员舱和乘客推离火箭。乘员舱还有备份安全功能，即使有数个降落伞无法打开，也可以让乘员舱安全着陆。\n即便如此，如果新谢泼德号火箭发生故障，也没有办法绝对保证安全。\n虽然亚轨道飞行比轨道飞行风险小，但它们仍然有致命的可能性。\n例如，维珍银河一架亚轨道飞行器在2014年一次试飞中解体，原因是飞机一名副驾驶员过早启动了用于在下降阶段保持飞行器稳定的羽状系统。陡然增加的阻力将飞行器撕裂成碎片，导致一名飞行员死亡。\n此后，维珍银河已经对改进版的“太空船二号”飞行器进行了三次成功试飞。蓝色起源在测试阶段还没有遇到过类似的事故。但正如行内流传已久的说法，进入太空真的很难。\n但贝索斯表示，冒这种险是值得的。","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":2079,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189287323,"gmtCreate":1623276600862,"gmtModify":1704199729167,"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558566101600142","authorIdStr":"3558566101600142"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189287323","repostId":"1153822469","repostType":4,"repost":{"id":"1153822469","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623251595,"share":"https://ttm.financial/m/news/1153822469?lang=en_US&edition=fundamental","pubTime":"2021-06-09 23:13","market":"us","language":"zh","title":"[Unusual Movement] Retail sector rises, Macy's rises over 7%","url":"https://stock-news.laohu8.com/highlight/detail?id=1153822469","media":"老虎资讯综合","summary":"6月9日，美股零售商板块盘中走高，梅西百货涨超7%，狄乐百货、诺德斯特龙涨超2%。据成交数据显示，不久前有共38万股多笔大单买入梅西百货。\n6月7日梅西百货公布财报，公告显示公司2022财年第一财季归","content":"<p>On June 9, the U.S. retail sector rose during trading.<a href=\"https://laohu8.com/S/M\">Macy's</a>It rose more than 7%.<a href=\"https://laohu8.com/S/DDS\">Di Le Department Store</a>、<a href=\"https://laohu8.com/S/JWN\">Nordstrom</a>It rose by more than 2%. According to transaction data, a total of 380,000 shares were recently purchased by Macy's in multiple large orders.</p><p>On June 7, Macy's released its financial report, showing that the company's net profit attributable to ordinary shareholders of the parent company for the first fiscal quarter of 2022 was US$103 million, an increase of 102.88% year-on-year. Operating revenue was $4.865 billion, up 54.54% year-over-year.</p><p><img src=\"https://static.tigerbbs.com/90867583067b4e9e8da34b59d8cfeefd\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>","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>[Unusual Movement] Retail sector rises, Macy's rises over 7%</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\">\n[Unusual Movement] Retail sector rises, Macy's rises over 7%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-09 23:13</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On June 9, the U.S. retail sector rose during trading.<a href=\"https://laohu8.com/S/M\">Macy's</a>It rose more than 7%.<a href=\"https://laohu8.com/S/DDS\">Di Le Department Store</a>、<a href=\"https://laohu8.com/S/JWN\">Nordstrom</a>It rose by more than 2%. According to transaction data, a total of 380,000 shares were recently purchased by Macy's in multiple large orders.</p><p>On June 7, Macy's released its financial report, showing that the company's net profit attributable to ordinary shareholders of the parent company for the first fiscal quarter of 2022 was US$103 million, an increase of 102.88% year-on-year. Operating revenue was $4.865 billion, up 54.54% year-over-year.</p><p><img src=\"https://static.tigerbbs.com/90867583067b4e9e8da34b59d8cfeefd\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5dff4f51380338d4e15eb6131b46e8f8","relate_stocks":{"M":"梅西百货"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153822469","content_text":"6月9日，美股零售商板块盘中走高，梅西百货涨超7%，狄乐百货、诺德斯特龙涨超2%。据成交数据显示，不久前有共38万股多笔大单买入梅西百货。\n6月7日梅西百货公布财报，公告显示公司2022财年第一财季归属于母公司普通股股东净利润为1.03亿美元，同比增长102.88%；营业收入为48.65亿美元，同比上涨54.54%。","news_type":1,"symbols_score_info":{"M":0.9}},"isVote":1,"tweetType":1,"viewCount":1935,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":114791466,"gmtCreate":1623103824955,"gmtModify":1704195951548,"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558566101600142","authorIdStr":"3558566101600142"},"themes":[],"title":"","htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/114791466","repostId":"2141823276","repostType":4,"repost":{"id":"2141823276","kind":"highlight","pubTimestamp":1623080428,"share":"https://ttm.financial/m/news/2141823276?lang=en_US&edition=fundamental","pubTime":"2021-06-07 23:40","market":"us","language":"zh","title":"Bank of America: Some Investment Patterns in US Stocks Since 1928","url":"https://stock-news.laohu8.com/highlight/detail?id=2141823276","media":"华尔街见闻","summary":"目前市场对于美股是否“过度繁荣”的讨论非常热烈，有投资者担心美股或因美联储政策变化而出现大规模调整。\n美国银行试图从历史数据中寻找线索。该行统计显示，自1928年的月度数据表明传统“5月卖出”的股市谚","content":"<p>There is currently a heated discussion in the market about whether the US stock market is \"overprosperous,\" with some investors worried that the US stock market may experience a large-scale correction due to changes in the Federal Reserve's policies.</p><p><a href=\"https://laohu8.com/S/BAC\">Bank of America</a>Trying to find clues from historical data. The bank's statistics show that monthly data since 1928 indicates that the traditional stock market adage of \"selling in May\" is not true, and US stocks are likely to experience a summer rally.</p><p><h2>The stock market proverb \"sell in May\" does not hold true</h2>Bank of America stated that monthly data since 1928 shows that the traditional \"May sell\" strategy does not hold true, and the S&P 500 is likely to experience a summer rally.</p><p><b>From a monthly perspective, although the return in May was negative, it was an excellent monthly buying opportunity.</b>The average return in June was approximately 0.77%; The average return in July was 1.58%, the highest of the year; The return in August was also quite good, averaging 0.7%.</p><p>September was the weakest month of the year, with an average return of -1.03%.<img src=\"https://static.tigerbbs.com/ffef396fe83da8fb05a1fcf928aca356\" tg-width=\"1095\" tg-height=\"760\" referrerpolicy=\"no-referrer\"></p><p>The \"presidential rally\" also confirms the pattern of the summer rally in US stocks.</p><p><b>Statistics show that in the first year of a new US president's term, large-scale rebounds in US stocks are typically concentrated in July and August.</b>The probability of a rise in July reached 65%, with a historical average return of 2.28%. September and October were relatively weak months.</p><p><img src=\"https://static.tigerbbs.com/0ac31bf82d51f9dc069f81cb79ee98d7\" tg-width=\"1103\" tg-height=\"790\" referrerpolicy=\"no-referrer\"></p><p><h2>The cross-month pattern also reflects the summer upward trend.</h2>From a monthly perspective, Bank of America statistics show that June-August was the second best-performing three months of the year, with a 65% probability of an increase and an average return of 3.18%. The weakest three months of the year are August to October, with a 55% probability of an increase, but an average return of only -0.03%.</p><p><img src=\"https://static.tigerbbs.com/b723af01581079a022899a5dacf947ed\" tg-width=\"1119\" tg-height=\"816\" referrerpolicy=\"no-referrer\"></p><p>August to October are the three weakest months of the year.<b>This means that there is a risk of a correction in US stocks in the fall.</b><img src=\"https://static.tigerbbs.com/9b56d223976b66649f0adb71a21b3cce\" tg-width=\"1106\" tg-height=\"802\" referrerpolicy=\"no-referrer\"></p><p><h2>The first 10 trading days of a month yield higher returns</h2>In terms of short-swing trading, monthly data since 1928 shows that<b>The market tends to perform better in the first 10 trading days of a month than in the last 10 trading days (except in December).</b><img src=\"https://static.tigerbbs.com/2d0204fb5c8b49191b3a1d854be72a01\" tg-width=\"1097\" tg-height=\"433\" referrerpolicy=\"no-referrer\"></p><p><b>June and July are the months when the relevant patterns are most obvious.</b>The average probability of an increase in the first 10 trading days of June was 59%, with an average return of 0.71%, and the probability of an increase in the last 10 trading days was 47%, with an average return of -0.01%. The probability of an increase in the first 10 trading days of July is 68%, with an average return of 1.53%, and the probability of an increase in the last 10 trading days is 59%, with an average return of -0.02%.<img src=\"https://static.tigerbbs.com/ea32f3689760a04aa567b8b1c2daaaa1\" tg-width=\"1094\" tg-height=\"827\" referrerpolicy=\"no-referrer\"></p><p><h2>The rebound in US stocks may continue.</h2>Bank of America emphasized that the Bloomberg U.S. Financial Conditions Index has reached a new high, which is precisely the leading indicator for the S&P 500's record high. This may indicate that the market will continue to rise.<img src=\"https://static.tigerbbs.com/9d72ba609108e876b7927dd14251dae4\" tg-width=\"1096\" tg-height=\"751\" referrerpolicy=\"no-referrer\">Bank of America predicts that if the indicator continues to rise, the S&P 500 is expected to gain further upward momentum and move towards the 4,400-4,500 point range.<img src=\"https://static.tigerbbs.com/9c480d60762f6cae516e86860cf3bbbc\" tg-width=\"1112\" tg-height=\"749\" referrerpolicy=\"no-referrer\"></p>","source":"wallstreetcn_api","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>Bank of America: Some Investment Patterns in US Stocks Since 1928</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\">\nBank of America: Some Investment Patterns in US Stocks Since 1928\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-06-07 23:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p>There is currently a heated discussion in the market about whether the US stock market is \"overprosperous,\" with some investors worried that the US stock market may experience a large-scale correction due to changes in the Federal Reserve's policies.</p><p><a href=\"https://laohu8.com/S/BAC\">Bank of America</a>Trying to find clues from historical data. The bank's statistics show that monthly data since 1928 indicates that the traditional stock market adage of \"selling in May\" is not true, and US stocks are likely to experience a summer rally.</p><p><h2>The stock market proverb \"sell in May\" does not hold true</h2>Bank of America stated that monthly data since 1928 shows that the traditional \"May sell\" strategy does not hold true, and the S&P 500 is likely to experience a summer rally.</p><p><b>From a monthly perspective, although the return in May was negative, it was an excellent monthly buying opportunity.</b>The average return in June was approximately 0.77%; The average return in July was 1.58%, the highest of the year; The return in August was also quite good, averaging 0.7%.</p><p>September was the weakest month of the year, with an average return of -1.03%.<img src=\"https://static.tigerbbs.com/ffef396fe83da8fb05a1fcf928aca356\" tg-width=\"1095\" tg-height=\"760\" referrerpolicy=\"no-referrer\"></p><p>The \"presidential rally\" also confirms the pattern of the summer rally in US stocks.</p><p><b>Statistics show that in the first year of a new US president's term, large-scale rebounds in US stocks are typically concentrated in July and August.</b>The probability of a rise in July reached 65%, with a historical average return of 2.28%. September and October were relatively weak months.</p><p><img src=\"https://static.tigerbbs.com/0ac31bf82d51f9dc069f81cb79ee98d7\" tg-width=\"1103\" tg-height=\"790\" referrerpolicy=\"no-referrer\"></p><p><h2>The cross-month pattern also reflects the summer upward trend.</h2>From a monthly perspective, Bank of America statistics show that June-August was the second best-performing three months of the year, with a 65% probability of an increase and an average return of 3.18%. The weakest three months of the year are August to October, with a 55% probability of an increase, but an average return of only -0.03%.</p><p><img src=\"https://static.tigerbbs.com/b723af01581079a022899a5dacf947ed\" tg-width=\"1119\" tg-height=\"816\" referrerpolicy=\"no-referrer\"></p><p>August to October are the three weakest months of the year.<b>This means that there is a risk of a correction in US stocks in the fall.</b><img src=\"https://static.tigerbbs.com/9b56d223976b66649f0adb71a21b3cce\" tg-width=\"1106\" tg-height=\"802\" referrerpolicy=\"no-referrer\"></p><p><h2>The first 10 trading days of a month yield higher returns</h2>In terms of short-swing trading, monthly data since 1928 shows that<b>The market tends to perform better in the first 10 trading days of a month than in the last 10 trading days (except in December).</b><img src=\"https://static.tigerbbs.com/2d0204fb5c8b49191b3a1d854be72a01\" tg-width=\"1097\" tg-height=\"433\" referrerpolicy=\"no-referrer\"></p><p><b>June and July are the months when the relevant patterns are most obvious.</b>The average probability of an increase in the first 10 trading days of June was 59%, with an average return of 0.71%, and the probability of an increase in the last 10 trading days was 47%, with an average return of -0.01%. The probability of an increase in the first 10 trading days of July is 68%, with an average return of 1.53%, and the probability of an increase in the last 10 trading days is 59%, with an average return of -0.02%.<img src=\"https://static.tigerbbs.com/ea32f3689760a04aa567b8b1c2daaaa1\" tg-width=\"1094\" tg-height=\"827\" referrerpolicy=\"no-referrer\"></p><p><h2>The rebound in US stocks may continue.</h2>Bank of America emphasized that the Bloomberg U.S. Financial Conditions Index has reached a new high, which is precisely the leading indicator for the S&P 500's record high. This may indicate that the market will continue to rise.<img src=\"https://static.tigerbbs.com/9d72ba609108e876b7927dd14251dae4\" tg-width=\"1096\" tg-height=\"751\" referrerpolicy=\"no-referrer\">Bank of America predicts that if the indicator continues to rise, the S&P 500 is expected to gain further upward momentum and move towards the 4,400-4,500 point range.<img src=\"https://static.tigerbbs.com/9c480d60762f6cae516e86860cf3bbbc\" tg-width=\"1112\" tg-height=\"749\" referrerpolicy=\"no-referrer\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3632326\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/271cfa4439cda1437f20c9b60f7c187d","relate_stocks":{"BAC":"美国银行"},"source_url":"https://wallstreetcn.com/articles/3632326","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141823276","content_text":"目前市场对于美股是否“过度繁荣”的讨论非常热烈，有投资者担心美股或因美联储政策变化而出现大规模调整。\n美国银行试图从历史数据中寻找线索。该行统计显示，自1928年的月度数据表明传统“5月卖出”的股市谚语并不成立，美股大概率将经历夏季上涨行情。\n“5月卖出”的股市谚语并不成立\n美国银行表示，自1928年的月度数据显示，传统的“5月卖出”的策略并不成立，标普500指数大概率经历夏季上涨行情。\n从月份角度，5月回报率虽然为负但是绝佳的阶段性月度买点：6月的平均回报率约为0.77%；7月的平均回报率为1.58%，为全年最高；8月的回报率也相当不错，平均达到0.7%。\n9月才是全年表现最弱的月度，平均回报率为-1.03%。\n“总统行情”也确认美股夏季行情的规律。\n统计显示在美国新总统上任的第1年，美股的大规模反弹通常集中在7—8月：7月相关上涨概率达到65%，历史平均回报率达到2.28%。9-10月份则是相对疲弱的月份。\n\n跨月规律也显示夏季上涨规律\n在跨月角度，美国银行统计显示，6—8月是全年中表现第2好的3个月，相关上涨概率达到65%，平均回报率达到3.18%；1年中最弱的3个月是8月至10月，上涨概率为55%，但平均回报率仅为—0.03%\n\n而8月—10月则是全年中最弱的3个月，这意味着美股存在秋季回调的风险。\n单月中的头10个交易日回报率更高\n在短线交易方面，自1928年的月度数据显示，单月的前10个交易日市场表现往往比后10个交易日更强（12月除外）。\n6、7月份是相关规律显示最为明显的月份。6月前10个交易日平均上涨概率为59%，平均回报率为0.71%，后10个交易日上涨概率为47%，平均回报率为—0.01%。7月前10个交易日上涨概率为68%，平均回报率为1.53%，后10个交易日上涨概率59%，平均回报率为-0.02%。\n美股反弹或将继续延续\n美国银行强调，目前彭博美国金融状况指数突破新高，而这恰恰是标普500指突破新高的领先性指标。这或许暗示市场将继续上行。美国银行预测认为，如果该指标继续上行，标普500指数有望获得进一步上涨动能，向4400—4500点区间迈进。","news_type":1,"symbols_score_info":{"BAC":0.9}},"isVote":1,"tweetType":1,"viewCount":1525,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":344643431,"gmtCreate":1618408127523,"gmtModify":1704710356446,"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558566101600142","authorIdStr":"3558566101600142"},"themes":[],"title":"","htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/344643431","repostId":"1126645012","repostType":4,"repost":{"id":"1126645012","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1618403477,"share":"https://ttm.financial/m/news/1126645012?lang=en_US&edition=fundamental","pubTime":"2021-04-14 20:31","market":"us","language":"zh","title":"Pre-market: The first batch of financial reports were released, and the three major stock index futures collectively rose","url":"https://stock-news.laohu8.com/highlight/detail?id=1126645012","media":"老虎资讯综合","summary":"4月14日（周三），美股三大指数期货在盘前时段集体上涨。今日首批美股银行股财报出炉；此外，美联储主席鲍威尔将在北京时间24:00（美国东部时间中午12:00） 于纽约经济俱乐部讲话，但不太可能提供新的","content":"<p>On April 14th (Wednesday), the futures of the three major U.S. stock indexes rose collectively in the pre-market session. Today, the first batch of financial reports of U.S. bank stocks were released; In addition, Federal Reserve Chairman Powell will speak at the New York Economic Club at 24:00 GMT (12:00 p.m. EST), but is unlikely to provide new information.</p><p><img src=\"https://static.tigerbbs.com/76cb21e929234ff772b1601c89b32407\" tg-width=\"699\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p><p><b>[Pre-market quotes]</b></p><p><b>Hot Chinese Concept Stocks</b></p><p><a href=\"https://laohu8.com/S/XPEV\">XPeng Motors</a>It rose 2.68% premarket. XPeng today officially unveiled its third brand-new model-XPeng P5. XPeng P5 will be developed internationally and sold to Norwegian and European Union countries and regions. The XPeng P5 will be delivered in the fourth quarter of this year.</p><p>At the same time,<a href=\"https://laohu8.com/S/NIO\">Nio</a>up 2.99%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>up 1.28%.</p><p><a href=\"https://laohu8.com/S/JD\">Jingdong</a>It rose 1.08% premarket.<a href=\"https://laohu8.com/S/C\">Citigroup</a>Will<a href=\"https://laohu8.com/S/JD\">Jingdong</a>The price target was lowered to $115 from $120, but a \"buy\" rating was maintained.</p><p><a href=\"https://laohu8.com/S/TSM\">TSMC</a>It rose 1.09% premarket. TSMC's wafer 14P7 factory in the southern science park had an unexpected power outage. At present, it has been restored by diesel generators, and it has cooperated with TSMC to fully restore normal power supply. The actual impact needs to be further clarified.</p><p><b>Important U.S. Stocks</b></p><p><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>，<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>，<a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a>Today, the first quarter financial report was announced, and the revenue and net profit of the three companies exceeded market expectations. Goldman Sachs rose more than 1% premarket, Wells Fargo rose 0.38% premarket, and JPMorgan Chase fell 0.51% premarket.</p><p>Bitcoin price rate hit a record high, Bit Digital jumped more than 24%,<a href=\"https://laohu8.com/S/CAN\">Canaan Technology</a>Up nearly 9%,<a href=\"https://laohu8.com/S/EBON\">EBON INTERNATIONAL</a>rose by more than 6%,<a href=\"https://laohu8.com/S/SINO\">China Global Shipping</a>、<a href=\"https://laohu8.com/S/NCTY\">9th City</a>Riot Blockchain rose by more than 5%, Bit Mining and Marathon Digital rose by more than 3%.<b>Coinbase, the \"first stock of cryptocurrency trading platforms\", will be listed on the Nasdaq tonight.</b></p><p>Moderna rose 2.87% premarket after saying the Covid vaccine was still 90% effective six months after it was administered. In addition, the interim phase 1 data of the RSV vaccine showed a positive result. The first phase of its MRNA influenza vaccine research and HIV MRNA vaccine research are expected to start in 2021.</p><p><a href=\"https://laohu8.com/S/AZN\">AstraZeneca</a>It rose 1.61% premarket. Danish health authorities have confirmed that the AstraZeneca vaccine is no longer part of the vaccine rollout plan.</p><p><a href=\"https://laohu8.com/S/NKLA\">Nikola</a>Pre-market rise. Nikola announced the signing of a cooperation letter of intent with Iveco, electric gas utility OGE, which will accelerate the deployment of hydrogen infrastructure construction and fuel solutions.</p><p><a href=\"https://laohu8.com/S/SAP\">SAP SE</a>It rose 4% before the market, and the company raised its full-year performance forecast.</p><p><a href=\"https://laohu8.com/S/DISCK\">Discovery Communications</a>Premarket losses widened to 6%,<a href=\"https://laohu8.com/S/DISCA\">Explore Dissemination</a>It fell more than 4% before the market,<a href=\"https://laohu8.com/S/IQ\">iQIYI</a>It fell more than 3% premarket, after<a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>Once again, the above three individual stocks were sold in block transactions, totaling approximately $2.1 billion.</p><p><b>[Bulk Commodities]</b></p><p>◆ International oil prices continue to rise. Following OPEC, the International Energy Agency (IEA) also raised its global oil demand forecast this year, raising the average daily oil demand growth rate by 230,000 barrels compared with the March forecast.</p><p>As of press time, WTI crude oil futures price was reported at 61.10 yuan/barrel, an increase of 1.53%; Brent crude was trading at $64.70 a barrel, up 1.62%.</p><p><img src=\"https://static.tigerbbs.com/99eb8ffb72cbf18f371b8621f213faa9\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>◆ Gold prices fluctuated within a narrow range. The market's concern that the Fed may taper QE ahead of schedule is heating up, which limits the trend of gold prices.</p><p>As of press time, the international gold futures price was reported at $1,745.10/oz, a decrease of 0.14%.</p><p><img src=\"https://static.tigerbbs.com/601cc66e472f9bfd75b153e5a6bd5e68\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>","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>Pre-market: The first batch of financial reports were released, and the three major stock index futures collectively rose</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\">\nPre-market: The first batch of financial reports were released, and the three major stock index futures collectively rose\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-04-14 20:31</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On April 14th (Wednesday), the futures of the three major U.S. stock indexes rose collectively in the pre-market session. Today, the first batch of financial reports of U.S. bank stocks were released; In addition, Federal Reserve Chairman Powell will speak at the New York Economic Club at 24:00 GMT (12:00 p.m. EST), but is unlikely to provide new information.</p><p><img src=\"https://static.tigerbbs.com/76cb21e929234ff772b1601c89b32407\" tg-width=\"699\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p><p><b>[Pre-market quotes]</b></p><p><b>Hot Chinese Concept Stocks</b></p><p><a href=\"https://laohu8.com/S/XPEV\">XPeng Motors</a>It rose 2.68% premarket. XPeng today officially unveiled its third brand-new model-XPeng P5. XPeng P5 will be developed internationally and sold to Norwegian and European Union countries and regions. The XPeng P5 will be delivered in the fourth quarter of this year.</p><p>At the same time,<a href=\"https://laohu8.com/S/NIO\">Nio</a>up 2.99%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>up 1.28%.</p><p><a href=\"https://laohu8.com/S/JD\">Jingdong</a>It rose 1.08% premarket.<a href=\"https://laohu8.com/S/C\">Citigroup</a>Will<a href=\"https://laohu8.com/S/JD\">Jingdong</a>The price target was lowered to $115 from $120, but a \"buy\" rating was maintained.</p><p><a href=\"https://laohu8.com/S/TSM\">TSMC</a>It rose 1.09% premarket. TSMC's wafer 14P7 factory in the southern science park had an unexpected power outage. At present, it has been restored by diesel generators, and it has cooperated with TSMC to fully restore normal power supply. The actual impact needs to be further clarified.</p><p><b>Important U.S. Stocks</b></p><p><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>，<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>，<a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a>Today, the first quarter financial report was announced, and the revenue and net profit of the three companies exceeded market expectations. Goldman Sachs rose more than 1% premarket, Wells Fargo rose 0.38% premarket, and JPMorgan Chase fell 0.51% premarket.</p><p>Bitcoin price rate hit a record high, Bit Digital jumped more than 24%,<a href=\"https://laohu8.com/S/CAN\">Canaan Technology</a>Up nearly 9%,<a href=\"https://laohu8.com/S/EBON\">EBON INTERNATIONAL</a>rose by more than 6%,<a href=\"https://laohu8.com/S/SINO\">China Global Shipping</a>、<a href=\"https://laohu8.com/S/NCTY\">9th City</a>Riot Blockchain rose by more than 5%, Bit Mining and Marathon Digital rose by more than 3%.<b>Coinbase, the \"first stock of cryptocurrency trading platforms\", will be listed on the Nasdaq tonight.</b></p><p>Moderna rose 2.87% premarket after saying the Covid vaccine was still 90% effective six months after it was administered. In addition, the interim phase 1 data of the RSV vaccine showed a positive result. The first phase of its MRNA influenza vaccine research and HIV MRNA vaccine research are expected to start in 2021.</p><p><a href=\"https://laohu8.com/S/AZN\">AstraZeneca</a>It rose 1.61% premarket. Danish health authorities have confirmed that the AstraZeneca vaccine is no longer part of the vaccine rollout plan.</p><p><a href=\"https://laohu8.com/S/NKLA\">Nikola</a>Pre-market rise. Nikola announced the signing of a cooperation letter of intent with Iveco, electric gas utility OGE, which will accelerate the deployment of hydrogen infrastructure construction and fuel solutions.</p><p><a href=\"https://laohu8.com/S/SAP\">SAP SE</a>It rose 4% before the market, and the company raised its full-year performance forecast.</p><p><a href=\"https://laohu8.com/S/DISCK\">Discovery Communications</a>Premarket losses widened to 6%,<a href=\"https://laohu8.com/S/DISCA\">Explore Dissemination</a>It fell more than 4% before the market,<a href=\"https://laohu8.com/S/IQ\">iQIYI</a>It fell more than 3% premarket, after<a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>Once again, the above three individual stocks were sold in block transactions, totaling approximately $2.1 billion.</p><p><b>[Bulk Commodities]</b></p><p>◆ International oil prices continue to rise. Following OPEC, the International Energy Agency (IEA) also raised its global oil demand forecast this year, raising the average daily oil demand growth rate by 230,000 barrels compared with the March forecast.</p><p>As of press time, WTI crude oil futures price was reported at 61.10 yuan/barrel, an increase of 1.53%; Brent crude was trading at $64.70 a barrel, up 1.62%.</p><p><img src=\"https://static.tigerbbs.com/99eb8ffb72cbf18f371b8621f213faa9\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>◆ Gold prices fluctuated within a narrow range. The market's concern that the Fed may taper QE ahead of schedule is heating up, which limits the trend of gold prices.</p><p>As of press time, the international gold futures price was reported at $1,745.10/oz, a decrease of 0.14%.</p><p><img src=\"https://static.tigerbbs.com/601cc66e472f9bfd75b153e5a6bd5e68\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ed4ee39e6b0f45214393093d70ba81a8","relate_stocks":{".DJI":"道琼斯"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126645012","content_text":"4月14日（周三），美股三大指数期货在盘前时段集体上涨。今日首批美股银行股财报出炉；此外，美联储主席鲍威尔将在北京时间24:00（美国东部时间中午12:00） 于纽约经济俱乐部讲话，但不太可能提供新的信息。\n\n【盘前行情】\n热门中概股\n小鹏汽车盘前涨2.68%。小鹏汽车今日正式推出旗下第三款全新车型——小鹏汽车P5。小鹏P5将进行国际版的开发，销售至挪威及欧盟等国家区域。小鹏P5将在今年第四季度交付。\n同时，蔚来涨2.99%，理想汽车涨1.28%。\n京东盘前涨1.08%。花旗将京东目标价从120美元下调至115美元，但维持“买入”评级。\n台积电盘前涨1.09%。台积电位于南部科学园区的晶圆14P7厂意外停电，目前已靠柴油发电机复电，并与台电合作全力恢复正常供电，实际影响待进一步厘清。\n重要美股\n摩根大通，高盛，富国银行今日公布了一季度财报，三家的营收、净利均超过市场预期。高盛盘前涨超1%，富国银行盘前涨0.38%，摩根大通盘前跌0.51%。\n比特币价格率创历史新高，Bit Digital大涨超24%，嘉楠科技涨近9%，亿邦国际涨超6%，中环球船务、第九城市、Riot Blockchain涨超5%，比特矿业、Marathon Digital涨超3%。“加密货币交易平台第一股”Coinbase今晚将在纳斯达克上市。\nModerna盘前涨2.87%，此前其表示新冠疫苗接种六个月后的有效率仍达到90%。另外，RSV疫苗的中期1期数据显示阳性结果。而其MRNA流感疫苗的第一阶段研究及HIV MRNA疫苗研究预计将于2021年开始。\n阿斯利康盘前涨1.61%。丹麦卫生当局确认阿斯利康疫苗已不再是疫苗推广计划的一部分。\nNikola盘前涨 。Nikola宣布与Iveco公司、电力天然气公用事业公司OGE签署合作意向书，将加速部署氢基础设施建设和燃料解决方案。\nSAP SE盘前涨4%，公司提高了全年业绩预期。\nDiscovery Communications盘前跌幅扩大至6%，探索传播盘前跌超4%，爱奇艺盘前跌超3%，此前瑞士信贷再次通过大宗交易出售上述三只个股股票，总额大约21亿美元。\n【大宗商品】\n◆国际油价继续上涨。继欧佩克后，国际能源署(IEA)也上调今年全球石油需求预期，较3月份的预测将日均石油需求增速上调23万桶。\n截至发稿，WTI原油期货价格报61.10元/桶，涨幅1.53%；布伦特原油报64.70美元每桶，涨幅1.62%。\n\n◆黄金价格窄幅震荡。市场对美联储可能提前缩减QE的担忧在升温，这限制了金价的走势。\n截至发稿，国际黄金期货价格报1745.10美元/盎司，跌幅0.14%。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1967,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":888554925,"gmtCreate":1631510985667,"gmtModify":1676530561993,"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558566101600142","idStr":"3558566101600142"},"themes":[],"title":"","htmlText":"Come come us stock","listText":"Come come us stock","text":"Come come us stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/888554925","repostId":"2167306731","repostType":4,"isVote":1,"tweetType":1,"viewCount":5183,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"authorIdStr":"3558566101600142","idStr":"3558566101600142"},"content":"run way dododododo","text":"run way dododododo","html":"run way dododododo"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891450860,"gmtCreate":1628415524150,"gmtModify":1703506057407,"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558566101600142","idStr":"3558566101600142"},"themes":[],"title":"","htmlText":"Tik top,top tik???","listText":"Tik top,top tik???","text":"Tik top,top tik???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/891450860","repostId":"1183672765","repostType":4,"repost":{"id":"1183672765","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1628396628,"share":"https://ttm.financial/m/news/1183672765?lang=en_US&edition=fundamental","pubTime":"2021-08-08 12:23","market":"hk","language":"zh","title":"Market news: ByteDance restarts IPO plan","url":"https://stock-news.laohu8.com/highlight/detail?id=1183672765","media":"老虎资讯综合","summary":"8月8日，英国金融时报援引消息人士称，字节跳动已经重启其上市计划，计划在2022年年初在香港上市。字节跳动目前估值约1800亿美元，消息人士透露，字节跳动可能在9月提交上市最终指引信，并预计最快可能在","content":"<p>On August 8, the Financial Times, citing sources, reported that ByteDance has restarted its IPO plans, aiming to list in Hong Kong in early 2022. ByteDance is currently valued at approximately $180 billion. Sources revealed that ByteDance may submit its final IPO guidance letter in September and expects to go public as early as the fourth quarter of this year or early 2022.</p><p>ByteDance was reportedly valued at $180 billion in a funding round last December. Since last year, the company has been rumored to be considering an initial public offering (IPO) plan to conduct all or part of its business in the United States or Hong Kong, but has never admitted it.</p><p>In late March of this year, ByteDance hired former Xiaomi executive Shou Zi Chew as the newly established Chief Financial Officer (CFO). During his tenure as CFO of Xiaomi, Shou Zi Chew helped Xiaomi complete its Hong Kong IPO.</p><p>However, ByteDance did not have a chief financial officer before hiring Shou Zi Chew. This move was widely interpreted as ByteDance preparing for an IPO.</p><p>In addition, in mid-April this year, media reported that ByteDance submitted an underwriter appointment letter to the Hong Kong Stock Exchange, initiated the listing process in Hong Kong, and will submit its listing application in the second quarter. ByteDance responded at the time: We would not comment on this.</p><p>On June 17, ByteDance released its first official financial statistics and disclosure: its actual revenue in 2020 reached 236.6 billion yuan, a year-on-year increase of 111%; The company incurred an operating loss of 14.7 billion yuan.</p><p>On the same day, Liang Rubo, the new CEO who succeeded Zhang Yiming, said: \"The company is growing and entering a new stage. We hope to be more transparent and open both internally and externally. Therefore, while updating our business progress, we will also release our business data and financial situation, including revenue and profit, to all employees.\"</p>","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>Market news: ByteDance restarts IPO plan</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\">\nMarket news: ByteDance restarts IPO plan\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-08-08 12:23</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On August 8, the Financial Times, citing sources, reported that ByteDance has restarted its IPO plans, aiming to list in Hong Kong in early 2022. ByteDance is currently valued at approximately $180 billion. Sources revealed that ByteDance may submit its final IPO guidance letter in September and expects to go public as early as the fourth quarter of this year or early 2022.</p><p>ByteDance was reportedly valued at $180 billion in a funding round last December. Since last year, the company has been rumored to be considering an initial public offering (IPO) plan to conduct all or part of its business in the United States or Hong Kong, but has never admitted it.</p><p>In late March of this year, ByteDance hired former Xiaomi executive Shou Zi Chew as the newly established Chief Financial Officer (CFO). During his tenure as CFO of Xiaomi, Shou Zi Chew helped Xiaomi complete its Hong Kong IPO.</p><p>However, ByteDance did not have a chief financial officer before hiring Shou Zi Chew. This move was widely interpreted as ByteDance preparing for an IPO.</p><p>In addition, in mid-April this year, media reported that ByteDance submitted an underwriter appointment letter to the Hong Kong Stock Exchange, initiated the listing process in Hong Kong, and will submit its listing application in the second quarter. ByteDance responded at the time: We would not comment on this.</p><p>On June 17, ByteDance released its first official financial statistics and disclosure: its actual revenue in 2020 reached 236.6 billion yuan, a year-on-year increase of 111%; The company incurred an operating loss of 14.7 billion yuan.</p><p>On the same day, Liang Rubo, the new CEO who succeeded Zhang Yiming, said: \"The company is growing and entering a new stage. We hope to be more transparent and open both internally and externally. Therefore, while updating our business progress, we will also release our business data and financial situation, including revenue and profit, to all employees.\"</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/57922dcc5f7a43f1fddaf18d1a519025","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183672765","content_text":"8月8日，英国金融时报援引消息人士称，字节跳动已经重启其上市计划，计划在2022年年初在香港上市。字节跳动目前估值约1800亿美元，消息人士透露，字节跳动可能在9月提交上市最终指引信，并预计最快可能在今年第四季度或者2022年年初实现上市。\n据悉，字节跳动在去年12月的一轮融资中估值为1800亿美元，从去年去该公司一直被传出在考虑于美国或香港进行全部或部分业务的首次公开募股上市计划，但从未承认。\n今年3月下旬，字节跳动聘请小米前高管周受资担任新设立的首席财务官（CFO）一职。而周受资在小米担任CFO期间，帮助小米完成了赴港上市。\n但在聘请周受资之前，字节跳动并没有首席财务官。此举曾被广泛解读为字节跳动在为IPO事宜做准备。\n此外，在今年4月中旬媒体报道称，字节跳动向港交所提交了承销商聘用函，启动了赴港上市流程，并将于第二季度递交上市申请。字节跳动当时回应：对此不予置评。\n6月17日，字节跳动首次以官方口径统计并披露了财务情况：2020年实际收入达2366亿元，同比增长111%；经营亏损147亿元。\n当日，接任张一鸣的新任CEO梁汝波表示：“公司变大，也在进入新阶段，我们希望对内对外更加透明、开放，所以在更新业务进展的同时，也会向全员公布我们的业务数据和财务情况，包括收入和利润。”","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":5963,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":177696136,"gmtCreate":1627205367625,"gmtModify":1703485546419,"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558566101600142","idStr":"3558566101600142"},"themes":[],"title":"","htmlText":"Faang","listText":"Faang","text":"Faang","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/177696136","repostId":"2153935166","repostType":4,"isVote":1,"tweetType":1,"viewCount":1531,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"authorIdStr":"3558566101600142","idStr":"3558566101600142"},"content":"[Money obsession] [Money obsession] [Money obsession]","text":"[Money obsession] [Money obsession] [Money obsession]","html":"[Money obsession] [Money obsession] [Money obsession]"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897597929,"gmtCreate":1628937818061,"gmtModify":1676529896869,"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558566101600142","idStr":"3558566101600142"},"themes":[],"title":"","htmlText":"What talking","listText":"What talking","text":"What talking","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/897597929","repostId":"1136171534","repostType":4,"repost":{"id":"1136171534","kind":"news","pubTimestamp":1628915280,"share":"https://ttm.financial/m/news/1136171534?lang=en_US&edition=fundamental","pubTime":"2021-08-14 12:28","market":"us","language":"zh","title":"US infrastructure plans may change! Nine moderate Democrats \"defected\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1136171534","media":"智通财经网","summary":"这封信让佩洛西再次陷入众议院民主党温和派和激进派之间的拉力赛。","content":"<p>Author: Chen Shiye</p><p>Nine moderate House Democrats jointly wrote to House Speaker Nancy Pelosi, threatening to have reservations about the $3.5 trillion subsequent spending plan until the bipartisan infrastructure bill is formally signed into law.</p><p>In the letter, Democrats wrote: \"We will not consider voting to support a $3.5 trillion budget resolution until the bipartisan Infrastructure Investment and Jobs Act is passed and signed into law by the House of Representatives.\"</p><p>The moderates' stance could derail Pelosi's plans to bring the budget resolution to a vote in the House of Representatives during the week of August 23. The narrow Democratic advantage behind Pelosi means she can only withstand a maximum of three members of her party defecting in the budget plan vote, and the bill is not expected to receive support from any Republicans in the House.</p><p>The letter has Pelosi once again caught in a rally between moderate and radical factions of House Democrats.</p><p>Currently, the $550 billion infrastructure bill is on hold. Previously, in order to meet the demands of radicals within the House of Representatives, Pelosi vowed to wait until the Senate had passed the $3.5 trillion budget plan before voting on the infrastructure bill, in order to ensure that social programs and climate change issues were prioritized. Overall, the infrastructure package and the policies outlined in the budget framework form the core of the economic agenda set by the Biden administration.</p><p>Leaders of the House Blue Dog Coalition issued a statement Tuesday calling on Pelosi to quickly vote on the infrastructure bill. The Blue Dog Coalition is made up of fiscally conservative Democrats.</p><p>The president of the Blue Dog Alliance stated that they \"remain opposed to any unnecessary reasons for delaying these critical infrastructure investments, which will create high-paying jobs, maintain the competitiveness of American businesses, and promote U.S. economic growth.\"</p>","source":"highlight_zhitongcaijin","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>US infrastructure plans may change! Nine moderate Democrats \"defected\"</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\">\nUS infrastructure plans may change! Nine moderate Democrats \"defected\"\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经网</strong><span class=\"h-time small\">2021-08-14 12:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Author: Chen Shiye</p><p>Nine moderate House Democrats jointly wrote to House Speaker Nancy Pelosi, threatening to have reservations about the $3.5 trillion subsequent spending plan until the bipartisan infrastructure bill is formally signed into law.</p><p>In the letter, Democrats wrote: \"We will not consider voting to support a $3.5 trillion budget resolution until the bipartisan Infrastructure Investment and Jobs Act is passed and signed into law by the House of Representatives.\"</p><p>The moderates' stance could derail Pelosi's plans to bring the budget resolution to a vote in the House of Representatives during the week of August 23. The narrow Democratic advantage behind Pelosi means she can only withstand a maximum of three members of her party defecting in the budget plan vote, and the bill is not expected to receive support from any Republicans in the House.</p><p>The letter has Pelosi once again caught in a rally between moderate and radical factions of House Democrats.</p><p>Currently, the $550 billion infrastructure bill is on hold. Previously, in order to meet the demands of radicals within the House of Representatives, Pelosi vowed to wait until the Senate had passed the $3.5 trillion budget plan before voting on the infrastructure bill, in order to ensure that social programs and climate change issues were prioritized. Overall, the infrastructure package and the policies outlined in the budget framework form the core of the economic agenda set by the Biden administration.</p><p>Leaders of the House Blue Dog Coalition issued a statement Tuesday calling on Pelosi to quickly vote on the infrastructure bill. The Blue Dog Coalition is made up of fiscally conservative Democrats.</p><p>The president of the Blue Dog Alliance stated that they \"remain opposed to any unnecessary reasons for delaying these critical infrastructure investments, which will create high-paying jobs, maintain the competitiveness of American businesses, and promote U.S. economic growth.\"</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.zhitongcaijing.com/content/detail/535111.html\">智通财经网</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/57ad66c83796c50731ef69a802b644e7","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.zhitongcaijing.com/content/detail/535111.html","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"1136171534","content_text":"作者： 陈诗烨\n美国九名温和派众议院民主党人士联名去信众议院议长佩洛西，威胁道，在两党通过的基建法案正式签署成为法律前，他们将对3.5万亿美元的后续支出计划持保留意见。\n民主党人在这封信中写道:“两党支持的《基础设施投资和就业法案》(Infrastructure Investment and Jobs Act)在众议院通过并签署成为法律之前，我们不会考虑投票支持3.5万亿美元的预算决议。”\n温和派的立场可能会破坏佩洛西在8月23日当周将预算决议提交众议院投票的计划。佩洛西背后民主党人微弱优势意味着，她只能在预算计划投票中最多承受三名该党派成员倒戈，预计该议案在众议院不会得到任何共和党人的支持。\n这封信让佩洛西再次陷入众议院民主党温和派和激进派之间的拉力赛。\n目前，5500亿美元的基础设施法案被搁置。此前为了满足众议院内部激进派的要求，佩洛西誓言要等到参议院完成该3.5万亿预算方案通过后，才表决基础设施法案，以确保优先解决社会项目和气候变化问题。总的来说，基础设施的一揽子计划和预算框架中概述的政策构成了拜登政府制定的经济议程核心。\n众议院蓝狗联盟(House Blue Dog Coalition)的领导人星期二发表声明，呼吁佩洛西迅速对基础设施法案进行投票。蓝狗联盟由财政上保守的民主党人组成。\n蓝狗联盟主席表示，他们“仍然反对任何不必要的理由推迟这些关键基础设施投资，这些投资将创造高薪就业机会，保持美国企业的竞争力，并促进美国经济增长。”","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":6859,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147952580,"gmtCreate":1626329719240,"gmtModify":1703758014685,"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558566101600142","idStr":"3558566101600142"},"themes":[],"title":"","htmlText":"No money buy already","listText":"No money buy already","text":"No money buy already","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/147952580","repostId":"1115500288","repostType":4,"repost":{"id":"1115500288","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1626327075,"share":"https://ttm.financial/m/news/1115500288?lang=en_US&edition=fundamental","pubTime":"2021-07-15 13:31","market":"other","language":"zh","title":"TSMC reported Q2 revenue of $13.289 billion and net profit of $4.798 billion.","url":"https://stock-news.laohu8.com/highlight/detail?id=1115500288","media":"老虎资讯综合","summary":"7月15日，台积电发布2021年第二季度财报。财报显示，第二季度营收132.89亿美元，市场预期131.67亿美元，去年同期103.85亿美元；第二季度净利润47.98亿美元，市场预期48.31亿美元","content":"<p>On July 15,<a href=\"https://laohu8.com/S/TSM\">TSMC</a>Release the financial report for the second quarter of 2021. The financial report shows that second-quarter revenue was $13.289 billion, compared to market expectations of $13.167 billion and $10.385 billion in the same period last year; Second-quarter net income was $4.798 billion, compared to market expectations of $4.831 billion and $4.038 billion in the same period last year; Earnings per ADS in the second quarter were $0.39, compared to $0.78 in the same period last year.</p><p>Gross profit margin for the second quarter was 50%, compared to market expectations of 50.9%; In the second quarter, 7nm process revenue accounted for 31%, and 5nm process revenue accounted for 18%.</p><p>By platform, smartphone business revenue accounted for 42% in the second quarter, high-performance computing platforms accounted for 39%, IoT devices accounted for 8%, and automotive and data circuit terminals accounted for 4% each.</p><p>Capital expenditures so far this year are approximately US$14.81 billion.</p><p>Based on the company's current business prospects, management expects the overall performance to be as follows:</p><p>Third-quarter revenue is expected to be between $14.6 billion and $14.9 billion; The gross profit margin for the third quarter is expected to be 49.5%-51.5%, compared to the previous forecast of 51.5%. Revenue in US dollar terms is expected to grow by more than 20% in 2021; The shortage of automotive chips will be further alleviated this quarter; Automotive MCU production is expected to increase by nearly 60% year-on-year.</p><p>TSMC stated at its earnings conference: Taiwan will remain our R&D center, and we will continue to produce advanced process chips in Taiwan. The plan is to produce 5nm chips at the Arizona factory in the first quarter of 2024; There are currently no plans to expand in Arizona; We will expand production at our wafer fab in Nanjing.</p><p><img src=\"https://static.tigerbbs.com/68aeb114f6153ee8628056cacae8e453\" tg-width=\"696\" tg-height=\"458\" referrerpolicy=\"no-referrer\"></p>","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>TSMC reported Q2 revenue of $13.289 billion and net profit of $4.798 billion.</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\">\nTSMC reported Q2 revenue of $13.289 billion and net profit of $4.798 billion.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-07-15 13:31</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On July 15,<a href=\"https://laohu8.com/S/TSM\">TSMC</a>Release the financial report for the second quarter of 2021. The financial report shows that second-quarter revenue was $13.289 billion, compared to market expectations of $13.167 billion and $10.385 billion in the same period last year; Second-quarter net income was $4.798 billion, compared to market expectations of $4.831 billion and $4.038 billion in the same period last year; Earnings per ADS in the second quarter were $0.39, compared to $0.78 in the same period last year.</p><p>Gross profit margin for the second quarter was 50%, compared to market expectations of 50.9%; In the second quarter, 7nm process revenue accounted for 31%, and 5nm process revenue accounted for 18%.</p><p>By platform, smartphone business revenue accounted for 42% in the second quarter, high-performance computing platforms accounted for 39%, IoT devices accounted for 8%, and automotive and data circuit terminals accounted for 4% each.</p><p>Capital expenditures so far this year are approximately US$14.81 billion.</p><p>Based on the company's current business prospects, management expects the overall performance to be as follows:</p><p>Third-quarter revenue is expected to be between $14.6 billion and $14.9 billion; The gross profit margin for the third quarter is expected to be 49.5%-51.5%, compared to the previous forecast of 51.5%. Revenue in US dollar terms is expected to grow by more than 20% in 2021; The shortage of automotive chips will be further alleviated this quarter; Automotive MCU production is expected to increase by nearly 60% year-on-year.</p><p>TSMC stated at its earnings conference: Taiwan will remain our R&D center, and we will continue to produce advanced process chips in Taiwan. The plan is to produce 5nm chips at the Arizona factory in the first quarter of 2024; There are currently no plans to expand in Arizona; We will expand production at our wafer fab in Nanjing.</p><p><img src=\"https://static.tigerbbs.com/68aeb114f6153ee8628056cacae8e453\" tg-width=\"696\" tg-height=\"458\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/975836d8c6eb511241583dccb0d387f2","relate_stocks":{"TSM":"台积电"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115500288","content_text":"7月15日，台积电发布2021年第二季度财报。财报显示，第二季度营收132.89亿美元，市场预期131.67亿美元，去年同期103.85亿美元；第二季度净利润47.98亿美元，市场预期48.31亿美元，去年同期40.38亿美元；第二季度每ADS盈利0.39美元，去年同期0.78美元。\n第二季度毛利率50%，市场预期50.9%；第二季度7nm制程营收占比31%，5nm制程营收占比18%。\n按平台划分，第二季度智能手机业务营收占比42%，高性能计算平台占比39%，物联网设备占8%，汽车及数据电路终端分别占4%。\n本年至今资本支出约为148.1亿美元。\n根据公司目前的业务前景，管理层预计整体业绩如下：\n预计第三季度营收146亿-149亿美元；预计第三季度毛利率49.5%-51.5%，此前预期为51.5%；预计2021年以美元计价营收将增长20%以上；汽车芯片短缺问题在本季度将进一步得到缓解；预计汽车MCU产量将同比增长接近60%。\n台积电在业绩会上表示：台湾仍将是我们的研发中心，我们仍会在台湾生产先进制程芯片；计划在2024年第一季度在亚利桑那工厂生产5nm芯片；目前在没有在亚利桑那州进行规模扩张的计划；将在南京的晶圆厂进行扩产。","news_type":1,"symbols_score_info":{"TSM":0.9}},"isVote":1,"tweetType":1,"viewCount":2331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":800647327,"gmtCreate":1627301615169,"gmtModify":1703487098667,"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558566101600142","idStr":"3558566101600142"},"themes":[],"title":"","htmlText":"Waiting fry","listText":"Waiting fry","text":"Waiting fry","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/800647327","repostId":"1120839655","repostType":4,"repost":{"id":"1120839655","kind":"news","pubTimestamp":1627298782,"share":"https://ttm.financial/m/news/1120839655?lang=en_US&edition=fundamental","pubTime":"2021-07-26 19:26","market":"us","language":"zh","title":"Concerns about peaking growth in US stocks may be easing, and cyclical stocks are expected to regain favor.","url":"https://stock-news.laohu8.com/highlight/detail?id=1120839655","media":"新浪财经","summary":"策略师正在反驳市场中的“增长见顶”担忧，认为一些与美国经济重启相关的股票已处于超卖状态。\nDavid Kostin等高盛集团的策略师在报告中写道，美国广泛的疫苗接种对经济增长构成支撑，诸如航空公司和酒","content":"<p><img src=\"https://static.tigerbbs.com/4300799d778b76756cdf213776b8b53a\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"></p><p>Strategists are refuting market concerns that \"growth has peaked,\" believing that some stocks related to the restart of the U.S. economy are already oversold.</p><p>David Kostin et al.<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>In a report, the group's strategists wrote that widespread vaccination in the United States is supporting economic growth, and underperforming sectors such as airlines and hotels should rebound in the coming months. Tom Lee of Fundstrat Global Advisors LLC said that stocks that have plummeted amid concerns about the delta variant of the coronavirus—such as energy stocks—are expected to rebound this week.</p><p>“Investors are concerned about the impact of the delta variant on economic growth, but this new pressure should not pose a significant market risk,” Goldman Sachs’ team wrote last Friday. The team supports \"allocating strategic positions in cyclical stocks at risk of pandemic exposure, as well as making longer-term investments in high-quality traditional growth stocks.\"</p><p>Despite strategists' bullish comments, risk aversion remained strong in the market on Monday. U.S. stock index futures fell as investors sought to hedge in U.S. Treasury bonds.</p><p><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Strategists also expect cyclical stocks to rebound. Fundstrat’s Lee predicts that “stronger and more widespread risk appetite” will soon emerge.</p><p>Some people are also cautious. John Briggs, global head of strategy at Natwest Markets, said volatility surrounding concerns about economic growth is likely to persist, and the market will enter new ranges, but trading will be volatile.</p>","source":"XLCJ","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>Concerns about peaking growth in US stocks may be easing, and cyclical stocks are expected to regain favor.</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\">\nConcerns about peaking growth in US stocks may be easing, and cyclical stocks are expected to regain favor.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪财经</strong><span class=\"h-time small\">2021-07-26 19:26</span>\n</p>\n</h4>\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/4300799d778b76756cdf213776b8b53a\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"></p><p>Strategists are refuting market concerns that \"growth has peaked,\" believing that some stocks related to the restart of the U.S. economy are already oversold.</p><p>David Kostin et al.<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>In a report, the group's strategists wrote that widespread vaccination in the United States is supporting economic growth, and underperforming sectors such as airlines and hotels should rebound in the coming months. Tom Lee of Fundstrat Global Advisors LLC said that stocks that have plummeted amid concerns about the delta variant of the coronavirus—such as energy stocks—are expected to rebound this week.</p><p>“Investors are concerned about the impact of the delta variant on economic growth, but this new pressure should not pose a significant market risk,” Goldman Sachs’ team wrote last Friday. The team supports \"allocating strategic positions in cyclical stocks at risk of pandemic exposure, as well as making longer-term investments in high-quality traditional growth stocks.\"</p><p>Despite strategists' bullish comments, risk aversion remained strong in the market on Monday. U.S. stock index futures fell as investors sought to hedge in U.S. Treasury bonds.</p><p><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Strategists also expect cyclical stocks to rebound. Fundstrat’s Lee predicts that “stronger and more widespread risk appetite” will soon emerge.</p><p>Some people are also cautious. John Briggs, global head of strategy at Natwest Markets, said volatility surrounding concerns about economic growth is likely to persist, and the market will enter new ranges, but trading will be volatile.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/stock/usstock/c/2021-07-26/doc-ikqciyzk7766928.shtml\">新浪财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/347452cc99fb488c45ccd900fcf3aa20","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2021-07-26/doc-ikqciyzk7766928.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120839655","content_text":"策略师正在反驳市场中的“增长见顶”担忧，认为一些与美国经济重启相关的股票已处于超卖状态。\nDavid Kostin等高盛集团的策略师在报告中写道，美国广泛的疫苗接种对经济增长构成支撑，诸如航空公司和酒店等表现落后的领域应会在未来几个月回升。Fundstrat Global Advisors LLC的Tom Lee表示，在delta变种新冠病毒相关担忧之下重挫的股票——例如能源股——本周有望反弹。\n“投资者担心delta变种病毒对经济增长的影响，但这一新压力应该不会构成重大市场风险，”高盛的团队上周五写道。该团队支持“在有疫情暴露风险的周期类股中配置策略性头寸，以及对高质量传统成长股进行更长期的投资。”\n尽管策略师们发出了看涨的点评，但周一市场避险情绪依然浓厚。美国股指期货下跌，投资者寻求在美债中避险。\n摩根大通的策略师们也预计周期性股将反弹。Fundstrat的Lee预测很快就会出现“更强、更普遍的风险偏好”。\n也有一些人持谨慎态度。Natwest Markets的策略部门全球主管John Briggs表示，围绕经济增长担忧的波动可能会继续存在，市场将处于新的区间，但交易会呈震荡格局。","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2042,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":114791466,"gmtCreate":1623103824955,"gmtModify":1704195951548,"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558566101600142","idStr":"3558566101600142"},"themes":[],"title":"","htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/114791466","repostId":"2141823276","repostType":4,"repost":{"id":"2141823276","kind":"highlight","pubTimestamp":1623080428,"share":"https://ttm.financial/m/news/2141823276?lang=en_US&edition=fundamental","pubTime":"2021-06-07 23:40","market":"us","language":"zh","title":"Bank of America: Some Investment Patterns in US Stocks Since 1928","url":"https://stock-news.laohu8.com/highlight/detail?id=2141823276","media":"华尔街见闻","summary":"目前市场对于美股是否“过度繁荣”的讨论非常热烈，有投资者担心美股或因美联储政策变化而出现大规模调整。\n美国银行试图从历史数据中寻找线索。该行统计显示，自1928年的月度数据表明传统“5月卖出”的股市谚","content":"<p>There is currently a heated discussion in the market about whether the US stock market is \"overprosperous,\" with some investors worried that the US stock market may experience a large-scale correction due to changes in the Federal Reserve's policies.</p><p><a href=\"https://laohu8.com/S/BAC\">Bank of America</a>Trying to find clues from historical data. The bank's statistics show that monthly data since 1928 indicates that the traditional stock market adage of \"selling in May\" is not true, and US stocks are likely to experience a summer rally.</p><p><h2>The stock market proverb \"sell in May\" does not hold true</h2>Bank of America stated that monthly data since 1928 shows that the traditional \"May sell\" strategy does not hold true, and the S&P 500 is likely to experience a summer rally.</p><p><b>From a monthly perspective, although the return in May was negative, it was an excellent monthly buying opportunity.</b>The average return in June was approximately 0.77%; The average return in July was 1.58%, the highest of the year; The return in August was also quite good, averaging 0.7%.</p><p>September was the weakest month of the year, with an average return of -1.03%.<img src=\"https://static.tigerbbs.com/ffef396fe83da8fb05a1fcf928aca356\" tg-width=\"1095\" tg-height=\"760\" referrerpolicy=\"no-referrer\"></p><p>The \"presidential rally\" also confirms the pattern of the summer rally in US stocks.</p><p><b>Statistics show that in the first year of a new US president's term, large-scale rebounds in US stocks are typically concentrated in July and August.</b>The probability of a rise in July reached 65%, with a historical average return of 2.28%. September and October were relatively weak months.</p><p><img src=\"https://static.tigerbbs.com/0ac31bf82d51f9dc069f81cb79ee98d7\" tg-width=\"1103\" tg-height=\"790\" referrerpolicy=\"no-referrer\"></p><p><h2>The cross-month pattern also reflects the summer upward trend.</h2>From a monthly perspective, Bank of America statistics show that June-August was the second best-performing three months of the year, with a 65% probability of an increase and an average return of 3.18%. The weakest three months of the year are August to October, with a 55% probability of an increase, but an average return of only -0.03%.</p><p><img src=\"https://static.tigerbbs.com/b723af01581079a022899a5dacf947ed\" tg-width=\"1119\" tg-height=\"816\" referrerpolicy=\"no-referrer\"></p><p>August to October are the three weakest months of the year.<b>This means that there is a risk of a correction in US stocks in the fall.</b><img src=\"https://static.tigerbbs.com/9b56d223976b66649f0adb71a21b3cce\" tg-width=\"1106\" tg-height=\"802\" referrerpolicy=\"no-referrer\"></p><p><h2>The first 10 trading days of a month yield higher returns</h2>In terms of short-swing trading, monthly data since 1928 shows that<b>The market tends to perform better in the first 10 trading days of a month than in the last 10 trading days (except in December).</b><img src=\"https://static.tigerbbs.com/2d0204fb5c8b49191b3a1d854be72a01\" tg-width=\"1097\" tg-height=\"433\" referrerpolicy=\"no-referrer\"></p><p><b>June and July are the months when the relevant patterns are most obvious.</b>The average probability of an increase in the first 10 trading days of June was 59%, with an average return of 0.71%, and the probability of an increase in the last 10 trading days was 47%, with an average return of -0.01%. The probability of an increase in the first 10 trading days of July is 68%, with an average return of 1.53%, and the probability of an increase in the last 10 trading days is 59%, with an average return of -0.02%.<img src=\"https://static.tigerbbs.com/ea32f3689760a04aa567b8b1c2daaaa1\" tg-width=\"1094\" tg-height=\"827\" referrerpolicy=\"no-referrer\"></p><p><h2>The rebound in US stocks may continue.</h2>Bank of America emphasized that the Bloomberg U.S. Financial Conditions Index has reached a new high, which is precisely the leading indicator for the S&P 500's record high. This may indicate that the market will continue to rise.<img src=\"https://static.tigerbbs.com/9d72ba609108e876b7927dd14251dae4\" tg-width=\"1096\" tg-height=\"751\" referrerpolicy=\"no-referrer\">Bank of America predicts that if the indicator continues to rise, the S&P 500 is expected to gain further upward momentum and move towards the 4,400-4,500 point range.<img src=\"https://static.tigerbbs.com/9c480d60762f6cae516e86860cf3bbbc\" tg-width=\"1112\" tg-height=\"749\" referrerpolicy=\"no-referrer\"></p>","source":"wallstreetcn_api","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>Bank of America: Some Investment Patterns in US Stocks Since 1928</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\">\nBank of America: Some Investment Patterns in US Stocks Since 1928\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-06-07 23:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p>There is currently a heated discussion in the market about whether the US stock market is \"overprosperous,\" with some investors worried that the US stock market may experience a large-scale correction due to changes in the Federal Reserve's policies.</p><p><a href=\"https://laohu8.com/S/BAC\">Bank of America</a>Trying to find clues from historical data. The bank's statistics show that monthly data since 1928 indicates that the traditional stock market adage of \"selling in May\" is not true, and US stocks are likely to experience a summer rally.</p><p><h2>The stock market proverb \"sell in May\" does not hold true</h2>Bank of America stated that monthly data since 1928 shows that the traditional \"May sell\" strategy does not hold true, and the S&P 500 is likely to experience a summer rally.</p><p><b>From a monthly perspective, although the return in May was negative, it was an excellent monthly buying opportunity.</b>The average return in June was approximately 0.77%; The average return in July was 1.58%, the highest of the year; The return in August was also quite good, averaging 0.7%.</p><p>September was the weakest month of the year, with an average return of -1.03%.<img src=\"https://static.tigerbbs.com/ffef396fe83da8fb05a1fcf928aca356\" tg-width=\"1095\" tg-height=\"760\" referrerpolicy=\"no-referrer\"></p><p>The \"presidential rally\" also confirms the pattern of the summer rally in US stocks.</p><p><b>Statistics show that in the first year of a new US president's term, large-scale rebounds in US stocks are typically concentrated in July and August.</b>The probability of a rise in July reached 65%, with a historical average return of 2.28%. September and October were relatively weak months.</p><p><img src=\"https://static.tigerbbs.com/0ac31bf82d51f9dc069f81cb79ee98d7\" tg-width=\"1103\" tg-height=\"790\" referrerpolicy=\"no-referrer\"></p><p><h2>The cross-month pattern also reflects the summer upward trend.</h2>From a monthly perspective, Bank of America statistics show that June-August was the second best-performing three months of the year, with a 65% probability of an increase and an average return of 3.18%. The weakest three months of the year are August to October, with a 55% probability of an increase, but an average return of only -0.03%.</p><p><img src=\"https://static.tigerbbs.com/b723af01581079a022899a5dacf947ed\" tg-width=\"1119\" tg-height=\"816\" referrerpolicy=\"no-referrer\"></p><p>August to October are the three weakest months of the year.<b>This means that there is a risk of a correction in US stocks in the fall.</b><img src=\"https://static.tigerbbs.com/9b56d223976b66649f0adb71a21b3cce\" tg-width=\"1106\" tg-height=\"802\" referrerpolicy=\"no-referrer\"></p><p><h2>The first 10 trading days of a month yield higher returns</h2>In terms of short-swing trading, monthly data since 1928 shows that<b>The market tends to perform better in the first 10 trading days of a month than in the last 10 trading days (except in December).</b><img src=\"https://static.tigerbbs.com/2d0204fb5c8b49191b3a1d854be72a01\" tg-width=\"1097\" tg-height=\"433\" referrerpolicy=\"no-referrer\"></p><p><b>June and July are the months when the relevant patterns are most obvious.</b>The average probability of an increase in the first 10 trading days of June was 59%, with an average return of 0.71%, and the probability of an increase in the last 10 trading days was 47%, with an average return of -0.01%. The probability of an increase in the first 10 trading days of July is 68%, with an average return of 1.53%, and the probability of an increase in the last 10 trading days is 59%, with an average return of -0.02%.<img src=\"https://static.tigerbbs.com/ea32f3689760a04aa567b8b1c2daaaa1\" tg-width=\"1094\" tg-height=\"827\" referrerpolicy=\"no-referrer\"></p><p><h2>The rebound in US stocks may continue.</h2>Bank of America emphasized that the Bloomberg U.S. Financial Conditions Index has reached a new high, which is precisely the leading indicator for the S&P 500's record high. This may indicate that the market will continue to rise.<img src=\"https://static.tigerbbs.com/9d72ba609108e876b7927dd14251dae4\" tg-width=\"1096\" tg-height=\"751\" referrerpolicy=\"no-referrer\">Bank of America predicts that if the indicator continues to rise, the S&P 500 is expected to gain further upward momentum and move towards the 4,400-4,500 point range.<img src=\"https://static.tigerbbs.com/9c480d60762f6cae516e86860cf3bbbc\" tg-width=\"1112\" tg-height=\"749\" referrerpolicy=\"no-referrer\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3632326\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/271cfa4439cda1437f20c9b60f7c187d","relate_stocks":{"BAC":"美国银行"},"source_url":"https://wallstreetcn.com/articles/3632326","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141823276","content_text":"目前市场对于美股是否“过度繁荣”的讨论非常热烈，有投资者担心美股或因美联储政策变化而出现大规模调整。\n美国银行试图从历史数据中寻找线索。该行统计显示，自1928年的月度数据表明传统“5月卖出”的股市谚语并不成立，美股大概率将经历夏季上涨行情。\n“5月卖出”的股市谚语并不成立\n美国银行表示，自1928年的月度数据显示，传统的“5月卖出”的策略并不成立，标普500指数大概率经历夏季上涨行情。\n从月份角度，5月回报率虽然为负但是绝佳的阶段性月度买点：6月的平均回报率约为0.77%；7月的平均回报率为1.58%，为全年最高；8月的回报率也相当不错，平均达到0.7%。\n9月才是全年表现最弱的月度，平均回报率为-1.03%。\n“总统行情”也确认美股夏季行情的规律。\n统计显示在美国新总统上任的第1年，美股的大规模反弹通常集中在7—8月：7月相关上涨概率达到65%，历史平均回报率达到2.28%。9-10月份则是相对疲弱的月份。\n\n跨月规律也显示夏季上涨规律\n在跨月角度，美国银行统计显示，6—8月是全年中表现第2好的3个月，相关上涨概率达到65%，平均回报率达到3.18%；1年中最弱的3个月是8月至10月，上涨概率为55%，但平均回报率仅为—0.03%\n\n而8月—10月则是全年中最弱的3个月，这意味着美股存在秋季回调的风险。\n单月中的头10个交易日回报率更高\n在短线交易方面，自1928年的月度数据显示，单月的前10个交易日市场表现往往比后10个交易日更强（12月除外）。\n6、7月份是相关规律显示最为明显的月份。6月前10个交易日平均上涨概率为59%，平均回报率为0.71%，后10个交易日上涨概率为47%，平均回报率为—0.01%。7月前10个交易日上涨概率为68%，平均回报率为1.53%，后10个交易日上涨概率59%，平均回报率为-0.02%。\n美股反弹或将继续延续\n美国银行强调，目前彭博美国金融状况指数突破新高，而这恰恰是标普500指突破新高的领先性指标。这或许暗示市场将继续上行。美国银行预测认为，如果该指标继续上行，标普500指数有望获得进一步上涨动能，向4400—4500点区间迈进。","news_type":1,"symbols_score_info":{"BAC":0.9}},"isVote":1,"tweetType":1,"viewCount":1525,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":834537019,"gmtCreate":1629812841631,"gmtModify":1676530139449,"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558566101600142","idStr":"3558566101600142"},"themes":[],"title":"","htmlText":"Follow","listText":"Follow","text":"Follow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/834537019","repostId":"1184955585","repostType":4,"repost":{"id":"1184955585","kind":"news","pubTimestamp":1630118344,"share":"https://ttm.financial/m/news/1184955585?lang=en_US&edition=fundamental","pubTime":"2021-08-28 10:39","market":"us","language":"zh","title":"What makes TSMC the king of Asian stocks?","url":"https://stock-news.laohu8.com/highlight/detail?id=1184955585","media":"远川科技评论","summary":"在2020年初，全球市值最大的十家企业中，美国独占7席，而中国的腾讯和阿里也榜上有名，成为亚洲唯二突入榜单的企业。\n\n在当时看来，腾讯和阿里进入榜单是一个再自然不过的结果，前十大企业中6个是互联网、2","content":"<p>At the beginning of 2020, the United States occupied seven of the world's ten largest companies by market capitalization, while China...<a href=\"https://laohu8.com/S/00700\">Tencent</a>Alibaba was also on the list, becoming the only two Asian companies to break into the list.</p><p><img src=\"https://static.tigerbbs.com/c2b6b856b3f2f1196c329b1155f9fc5f\" tg-width=\"1080\" tg-height=\"589\" referrerpolicy=\"no-referrer\"></p><p>At the time, it seemed only natural that Tencent and Alibaba would make the list. Six of the top ten companies were in the internet sector, two in finance, and one in resources, with the only one being a hardware company.<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Production was not even under their own control; at that time, if a company...<b>Heavy on assets, heavy on manufacturing, and no oil at home.</b>For a company to make it into the top ten is nothing short of wishful thinking.</p><p>Unexpectedly, just over a year later, on August 18, 2021,<a href=\"https://laohu8.com/S/TSM\">TSMC</a>With a market capitalization of $538 billion, it successfully surpassed Tencent to become the company with the highest market capitalization in Asia.</p><p>What supports TSMC's market capitalization as Asia's top stock is its impressive revenue of $13.29 billion in the second quarter, earning $147 million in a single day.</p><p>At the same time, the global chip shortage has turned TSMC's orders into hard currency: not long ago, after Apple placed an order for 100 million chips at once, TSMC's raw material suppliers directly revealed that TSMC's orders are fully loaded until 2024.</p><p><b>Behind TSMC's replacement of Tencent as Asia's stock market king lies not only a change in the market capitalization of the two companies, but also a comeback by hard technology manufacturing against the internet.</b></p><p>So how exactly did TSMC achieve its current status as the stock market king in an electronics industry with heavy asset investment, high labor costs, and extremely strong customer base?</p><p>The answer lies in the three historical opportunities presented by TSMC's rise.</p><p><img src=\"https://static.tigerbbs.com/8831ed0813cfe4215d1a7249b8194a1a\" tg-width=\"1080\" tg-height=\"312\" referrerpolicy=\"no-referrer\"></p><p>In December 1989, TSMC, which had only been established for two years, welcomed...<a href=\"https://laohu8.com/S/SMSN.UK\">Samsung</a>The sect leader, Lee Kun-hee, personally poached him.</p><p>This time, Lee Kien-hee didn't set his sights on a process manager or a tech guru, but rather on Morris Chang, the 58-year-old founder of TSMC.</p><p>Lee Kun-hee's confidence was closely related to the industry development background at the time: Samsung was already a dominant force in many industries and a super chaebol that controlled the lifeline of South Korea.<b>At the time, chip foundry was similar in status to Foxconn, another foundry king in Taiwan today: it had low technological content, numerous competitors, and was at the very bottom of the \"smile curve\" of value distribution in the manufacturing industry chain.</b>They do the hardest work and earn the least money.</p><p><img src=\"https://static.tigerbbs.com/9789042af668ea4b67309f48e5f3e543\" tg-width=\"620\" tg-height=\"354\" referrerpolicy=\"no-referrer\"></p><p>Moreover,<b>At that time, chip manufacturing was still at the submicron stage. The IDM model, in which chip companies designed, manufactured, and packaged and tested their own chips, was the mainstream in the industry.</b>The world's top ten semiconductor companies back then were NEC, Toshiba, Hitachi, and Motorola.<a href=\"https://laohu8.com/S/TXN\">Texas Instruments</a>Fujitsu, Mitsubishi,<a href=\"https://laohu8.com/S/INTC\">Intel</a>、<a href=\"https://laohu8.com/S/PC\">Panasonic</a>、<a href=\"https://laohu8.com/S/PHG\">Philips</a>They are all typical semiconductor IDM giants.</p><p>So why would IDMs with their own factories choose TSMC, a newcomer whose processes are even inferior to their own, to manufacture their chips?</p><p>This is a very real question facing Morris Chang, an elderly entrepreneur, after rejecting Lee Kun-hee's olive branch.</p><p>However, TSMC soon ushered in its first opportunity: the rise of the PC.</p><p>Around 1988, under the leadership of Intel, the global electronics industry transitioned from the traditional mainframe era to the PC era. And<b>The global semiconductor industry is gradually shifting its focus from traditional DRAM storage to digital chips such as CPUs and GPUs.</b></p><p>traditional<b>The light design and heavy manufacturing of DRAM memory chips has led to the IDM model dominating industry development. For digital chips, chip manufacturing is certainly the top priority, but as the number of transistors inside a chip reaches one million, the investment required for chip design is becoming increasingly heavy. With limited energy, separating design from manufacturing has become an urgent trend.</b></p><p><img src=\"https://static.tigerbbs.com/673230fbc935dd61c98bcb0b5390e825\" tg-width=\"767\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p>Leveraging the personal relationship between Intel President Grove and Morris Chang, Intel directly dispatched engineers to TSMC, pointing out at least 200 process improvement processes for TSMC, which at the time had only a little over 200 manufacturing steps.</p><p>It's important to understand that at the time, Intel was synonymous with top-tier chip manufacturing. The 80486 chip it is currently developing is not only the world's first to use a 1-micron manufacturing process, but it is also the first high-end chip manufacturer to break through the integration of 1 million transistors in a single chip, achieving a groundbreaking 1.2 million.</p><p>By receiving one-on-one mentoring from Intel, TSMC secured its first technological ticket to top-tier chip foundry.</p><p>Shortly after obtaining this ticket, in 1995, TSMC partnered with a company that had only been established for two years.<a href=\"https://laohu8.com/S/NVDA\">NVIDIA</a>They hit it off immediately and secured another important ticket to the PC era.</p><p>Over the next decade, TSMC established a partnership with<a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a>Cooperation with chip design companies such as Meiman Electronics; On the other hand, through the research and development of copper process technology and wet lithography technology, it has become a global leader in technology, capturing half of the global market share in 2004.</p><p><b>However, TSMC did not expect that another storm that could disrupt the industry landscape was quietly coming.</b></p><p><img src=\"https://static.tigerbbs.com/9dc0fda484f9be29a169f2a280cc0408\" tg-width=\"1080\" tg-height=\"312\" referrerpolicy=\"no-referrer\"></p><p>Shortly after becoming the number one foundry manufacturer in the PC chip industry, Apple launched a wave of smartphones. Unfortunately, this time, the main player was not TSMC at first.</p><p>In 2007, Steve Jobs officially announced the first iPhone amidst much anticipation, hailed as a stunning, epoch-making product. In the years that followed, whenever a new iPhone was released, frenzied Apple fans would line up in front of Apple retail stores around the world in the early hours of the morning to buy it.</p><p>Behind the iPhone's legendary status, one thing is clearly evident:<b>The smartphone era has arrived, and only by defeating Apple can we become the true number one chip manufacturer.</b></p><p>However, those in the know know that while Steve Jobs on stage may seem like the \"god\" who released the iPhone, he was actually just an employee of the Samsung empire across the ocean.</p><p>Market research firm IHS analyzed the cost sources of past generations of iPhones and found that before dual cameras and bathroom heater cameras emerged, the previous...<b>The three main sources of cost for generations of iPhones are: processor, screen, and storage. In an iPhone, all three of these items are made by Samsung.</b></p><p>The processors and storage provided by Samsung are naturally manufactured by Samsung. TSMC, which manufactured almost half of the world's chips back then, could only silently observe with envy.</p><p>However, as a top master of supply chain checks and balances, Apple will never allow its competitors to simultaneously control its three lifelines.</p><p>So, while having a sweet relationship with Samsung, Apple quietly partnered with TSMC in 2010. To ensure smoother cooperation between the two parties, TSMC has also established a special team composed of over a hundred cross-departmental R&D engineers.<a href=\"https://laohu8.com/S/AONE.U\">one</a>The \"team\" team, based at Apple's headquarters in the United States, is working together to conduct secret research and development in an attempt to completely bypass Samsung's patents.</p><p>After initial progress was made in the research and development, Apple immediately filed 16 infringement charges against Samsung in 2011. Samsung, in turn, sued Apple for copyright infringement and even demanded a ban on iPhone sales in the United States.</p><p>Apple and Samsung are vying for power, while TSMC is benefiting.</p><p>Starting with Apple's A8 chip in 2014, TSMC began to manufacture most of Apple's chips. Starting with the iPhone 7 era, TSMC completely monopolized the production of all Apple chips. The collaboration continues to this day, and Apple remains TSMC's largest customer, contributing nearly 20% of TSMC's revenue annually.</p><p>With this, TSMC has officially established its leading position in chip foundry.</p><p><b>But can simply working for the most powerful clients make TSMC what it is today? As Apple's largest contract manufacturer, Foxconn was the first to disagree.</b></p><p><img src=\"https://static.tigerbbs.com/7c04503bafb7a71524a1d953b35f1228\" tg-width=\"1080\" tg-height=\"312\" referrerpolicy=\"no-referrer\"></p><p>Both are kings of contract manufacturing, and TSMC can strangle global customers, while Foxconn is helpless against Apple supporting competitors to steal business.</p><p>Behind the drastically different fates, the foreshadowing was actually laid as early as the time of choosing the track.</p><p>Represented by Foxconn<b>Electronics assembly is essentially a low-barrier industry where as long as enough workers are recruited, production can start 24 hours a day on the assembly line.</b>Therefore, in the field of OEM manufacturing, twenty years ago, Foxconn faced the \"Five Tigers of Taiwanese OEM manufacturing\" in Taiwan—Quanta, Compal, Pegatron, Wistron, and Inventec—vying for business. In the past decade, Foxconn has once again faced challenges from its former mainland Chinese \"underlings,\" such as Luxshare, Goertek, and Wingtech.<a href=\"https://laohu8.com/S/002594\">BYD</a>They are frantically vying for business in their own territory.</p><p>This low technological content and low barrier to entry are reflected in financial reports, manifested in Foxconn's gross profit margin being thinner than that of a razor blade: over the past decade...<b>To maintain its gross profit margin, which had never exceeded 10%, Foxconn moved its factories from Shenzhen to Zhengzhou, and then expanded from Zhengzhou to Vietnam... constantly moving between different locations with low labor costs.</b></p><p>In stark contrast, TSMC's chip foundry is an industry that rolls forward on the wheels of Moore's Law. Under the guidance of Moore's Law, the number of components that can be accommodated on an integrated circuit doubles every 18 to 24 months, and the size of corresponding transistors continues to shrink, making semiconductor manufacturing increasingly difficult.</p><p>This is reflected in capital expenditures. As the semiconductor industry upgraded from 8-inch to 12-inch wafers, costs rose sharply: the cost of an 8-inch wafer fab ranged from a minimum of $100 million to a maximum of $1.5 billion depending on production capacity, which most companies could afford by gritting their teeth. A new 12-inch wafer fab costs as much as $2.5 billion to $3 billion, enough to leave most of its competitors in the industry behind.</p><p>Different technological content also determines different competitive landscapes.<b>The harder Foxconn works, the more competitors it faces. TSMC has come a long way, dominating the market from 0.18 micrometers to 3 nanometers. Not only has it had fewer and fewer competitors, but even its former giants Intel and IBM have been left behind.</b></p><p><img src=\"https://static.tigerbbs.com/12e071a18a041e0b8ddb78626d4f42b1\" tg-width=\"667\" tg-height=\"855\" referrerpolicy=\"no-referrer\"></p><p>With fewer and fewer competitors, profits naturally increase. Located in Taiwan, China, Foxconn has factories around the world with a gross profit margin of less than 10%. If you are not careful, you will be held back by Apple using Wistron, Pegatron and Luxshare.</p><p>TSMC, which has insisted on producing advanced process products only in Taiwan for 30 years, can maintain a gross profit margin of around 50% year-round. However, customers who want to grab TSMC's latest production capacity simply don't have enough money: In September 2020, after TSMC was forced to cut off supplies to Huawei due to US sanctions, Qualcomm and MediaTek had the opportunity to replace Huawei and use TSMC's latest 5nm production capacity.</p><p>With its market share firmly in first place, the industry's capital threshold continues to rise; The technological dividend effect continues to accumulate... The unrivaled TSMC has already established its unshakeable number one position in the chip foundry field.</p><p>Looking back at history, there are three main reasons why TSMC has risen to become the king of contract manufacturing: in the PC era, it had half the support of Intel and Nvidia; In the mobile phone era, Apple chose it as an important tool to counterbalance Samsung; In the years that followed, it sat on the wheels of Moore's Law, relying on its technological and capital advantages to leave its competitors far behind.</p><p>However, TSMC's transformation from the \"king of chip foundries\" to the \"king of stocks\" still needs one last step: to cause internet companies whose market capitalization ranks ahead of TSMC to fall from their pedestal in the capital market.</p><p><img src=\"https://static.tigerbbs.com/efede982c9faf847a3a670f3cc42a078\" tg-width=\"992\" tg-height=\"914\" referrerpolicy=\"no-referrer\"></p><p>Since the beginning of the year, TSMC has made a fortune from an epic chip shortage, and its stock price has recently jumped to become the king of Asian stocks. On the other hand, looking at the traditional \"Oracle of Omaha\" internet, Tencent has plummeted by 45% from its peak since the beginning of the year; Alibaba's stock has fallen by more than 30% so far;<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>The stock price has fallen by more than 45% since its listing on the Hong Kong Stock Exchange.</p><p>Behind TSMC's rise from the king of chip foundries to the king of Asian stocks, it is inseparable from its own efforts, and even more so from the course of history.</p><p>Beyond the process, it offers us a glimmer of inspiration:<b>The more you persevere in doing difficult yet correct things, the smoother it will be.</b></p>","source":"lsy1571969218062","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 makes TSMC the king of Asian stocks?</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 makes TSMC the king of Asian stocks?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">远川科技评论</strong><span class=\"h-time small\">2021-08-28 10:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p>At the beginning of 2020, the United States occupied seven of the world's ten largest companies by market capitalization, while China...<a href=\"https://laohu8.com/S/00700\">Tencent</a>Alibaba was also on the list, becoming the only two Asian companies to break into the list.</p><p><img src=\"https://static.tigerbbs.com/c2b6b856b3f2f1196c329b1155f9fc5f\" tg-width=\"1080\" tg-height=\"589\" referrerpolicy=\"no-referrer\"></p><p>At the time, it seemed only natural that Tencent and Alibaba would make the list. Six of the top ten companies were in the internet sector, two in finance, and one in resources, with the only one being a hardware company.<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Production was not even under their own control; at that time, if a company...<b>Heavy on assets, heavy on manufacturing, and no oil at home.</b>For a company to make it into the top ten is nothing short of wishful thinking.</p><p>Unexpectedly, just over a year later, on August 18, 2021,<a href=\"https://laohu8.com/S/TSM\">TSMC</a>With a market capitalization of $538 billion, it successfully surpassed Tencent to become the company with the highest market capitalization in Asia.</p><p>What supports TSMC's market capitalization as Asia's top stock is its impressive revenue of $13.29 billion in the second quarter, earning $147 million in a single day.</p><p>At the same time, the global chip shortage has turned TSMC's orders into hard currency: not long ago, after Apple placed an order for 100 million chips at once, TSMC's raw material suppliers directly revealed that TSMC's orders are fully loaded until 2024.</p><p><b>Behind TSMC's replacement of Tencent as Asia's stock market king lies not only a change in the market capitalization of the two companies, but also a comeback by hard technology manufacturing against the internet.</b></p><p>So how exactly did TSMC achieve its current status as the stock market king in an electronics industry with heavy asset investment, high labor costs, and extremely strong customer base?</p><p>The answer lies in the three historical opportunities presented by TSMC's rise.</p><p><img src=\"https://static.tigerbbs.com/8831ed0813cfe4215d1a7249b8194a1a\" tg-width=\"1080\" tg-height=\"312\" referrerpolicy=\"no-referrer\"></p><p>In December 1989, TSMC, which had only been established for two years, welcomed...<a href=\"https://laohu8.com/S/SMSN.UK\">Samsung</a>The sect leader, Lee Kun-hee, personally poached him.</p><p>This time, Lee Kien-hee didn't set his sights on a process manager or a tech guru, but rather on Morris Chang, the 58-year-old founder of TSMC.</p><p>Lee Kun-hee's confidence was closely related to the industry development background at the time: Samsung was already a dominant force in many industries and a super chaebol that controlled the lifeline of South Korea.<b>At the time, chip foundry was similar in status to Foxconn, another foundry king in Taiwan today: it had low technological content, numerous competitors, and was at the very bottom of the \"smile curve\" of value distribution in the manufacturing industry chain.</b>They do the hardest work and earn the least money.</p><p><img src=\"https://static.tigerbbs.com/9789042af668ea4b67309f48e5f3e543\" tg-width=\"620\" tg-height=\"354\" referrerpolicy=\"no-referrer\"></p><p>Moreover,<b>At that time, chip manufacturing was still at the submicron stage. The IDM model, in which chip companies designed, manufactured, and packaged and tested their own chips, was the mainstream in the industry.</b>The world's top ten semiconductor companies back then were NEC, Toshiba, Hitachi, and Motorola.<a href=\"https://laohu8.com/S/TXN\">Texas Instruments</a>Fujitsu, Mitsubishi,<a href=\"https://laohu8.com/S/INTC\">Intel</a>、<a href=\"https://laohu8.com/S/PC\">Panasonic</a>、<a href=\"https://laohu8.com/S/PHG\">Philips</a>They are all typical semiconductor IDM giants.</p><p>So why would IDMs with their own factories choose TSMC, a newcomer whose processes are even inferior to their own, to manufacture their chips?</p><p>This is a very real question facing Morris Chang, an elderly entrepreneur, after rejecting Lee Kun-hee's olive branch.</p><p>However, TSMC soon ushered in its first opportunity: the rise of the PC.</p><p>Around 1988, under the leadership of Intel, the global electronics industry transitioned from the traditional mainframe era to the PC era. And<b>The global semiconductor industry is gradually shifting its focus from traditional DRAM storage to digital chips such as CPUs and GPUs.</b></p><p>traditional<b>The light design and heavy manufacturing of DRAM memory chips has led to the IDM model dominating industry development. For digital chips, chip manufacturing is certainly the top priority, but as the number of transistors inside a chip reaches one million, the investment required for chip design is becoming increasingly heavy. With limited energy, separating design from manufacturing has become an urgent trend.</b></p><p><img src=\"https://static.tigerbbs.com/673230fbc935dd61c98bcb0b5390e825\" tg-width=\"767\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p>Leveraging the personal relationship between Intel President Grove and Morris Chang, Intel directly dispatched engineers to TSMC, pointing out at least 200 process improvement processes for TSMC, which at the time had only a little over 200 manufacturing steps.</p><p>It's important to understand that at the time, Intel was synonymous with top-tier chip manufacturing. The 80486 chip it is currently developing is not only the world's first to use a 1-micron manufacturing process, but it is also the first high-end chip manufacturer to break through the integration of 1 million transistors in a single chip, achieving a groundbreaking 1.2 million.</p><p>By receiving one-on-one mentoring from Intel, TSMC secured its first technological ticket to top-tier chip foundry.</p><p>Shortly after obtaining this ticket, in 1995, TSMC partnered with a company that had only been established for two years.<a href=\"https://laohu8.com/S/NVDA\">NVIDIA</a>They hit it off immediately and secured another important ticket to the PC era.</p><p>Over the next decade, TSMC established a partnership with<a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a>Cooperation with chip design companies such as Meiman Electronics; On the other hand, through the research and development of copper process technology and wet lithography technology, it has become a global leader in technology, capturing half of the global market share in 2004.</p><p><b>However, TSMC did not expect that another storm that could disrupt the industry landscape was quietly coming.</b></p><p><img src=\"https://static.tigerbbs.com/9dc0fda484f9be29a169f2a280cc0408\" tg-width=\"1080\" tg-height=\"312\" referrerpolicy=\"no-referrer\"></p><p>Shortly after becoming the number one foundry manufacturer in the PC chip industry, Apple launched a wave of smartphones. Unfortunately, this time, the main player was not TSMC at first.</p><p>In 2007, Steve Jobs officially announced the first iPhone amidst much anticipation, hailed as a stunning, epoch-making product. In the years that followed, whenever a new iPhone was released, frenzied Apple fans would line up in front of Apple retail stores around the world in the early hours of the morning to buy it.</p><p>Behind the iPhone's legendary status, one thing is clearly evident:<b>The smartphone era has arrived, and only by defeating Apple can we become the true number one chip manufacturer.</b></p><p>However, those in the know know that while Steve Jobs on stage may seem like the \"god\" who released the iPhone, he was actually just an employee of the Samsung empire across the ocean.</p><p>Market research firm IHS analyzed the cost sources of past generations of iPhones and found that before dual cameras and bathroom heater cameras emerged, the previous...<b>The three main sources of cost for generations of iPhones are: processor, screen, and storage. In an iPhone, all three of these items are made by Samsung.</b></p><p>The processors and storage provided by Samsung are naturally manufactured by Samsung. TSMC, which manufactured almost half of the world's chips back then, could only silently observe with envy.</p><p>However, as a top master of supply chain checks and balances, Apple will never allow its competitors to simultaneously control its three lifelines.</p><p>So, while having a sweet relationship with Samsung, Apple quietly partnered with TSMC in 2010. To ensure smoother cooperation between the two parties, TSMC has also established a special team composed of over a hundred cross-departmental R&D engineers.<a href=\"https://laohu8.com/S/AONE.U\">one</a>The \"team\" team, based at Apple's headquarters in the United States, is working together to conduct secret research and development in an attempt to completely bypass Samsung's patents.</p><p>After initial progress was made in the research and development, Apple immediately filed 16 infringement charges against Samsung in 2011. Samsung, in turn, sued Apple for copyright infringement and even demanded a ban on iPhone sales in the United States.</p><p>Apple and Samsung are vying for power, while TSMC is benefiting.</p><p>Starting with Apple's A8 chip in 2014, TSMC began to manufacture most of Apple's chips. Starting with the iPhone 7 era, TSMC completely monopolized the production of all Apple chips. The collaboration continues to this day, and Apple remains TSMC's largest customer, contributing nearly 20% of TSMC's revenue annually.</p><p>With this, TSMC has officially established its leading position in chip foundry.</p><p><b>But can simply working for the most powerful clients make TSMC what it is today? As Apple's largest contract manufacturer, Foxconn was the first to disagree.</b></p><p><img src=\"https://static.tigerbbs.com/7c04503bafb7a71524a1d953b35f1228\" tg-width=\"1080\" tg-height=\"312\" referrerpolicy=\"no-referrer\"></p><p>Both are kings of contract manufacturing, and TSMC can strangle global customers, while Foxconn is helpless against Apple supporting competitors to steal business.</p><p>Behind the drastically different fates, the foreshadowing was actually laid as early as the time of choosing the track.</p><p>Represented by Foxconn<b>Electronics assembly is essentially a low-barrier industry where as long as enough workers are recruited, production can start 24 hours a day on the assembly line.</b>Therefore, in the field of OEM manufacturing, twenty years ago, Foxconn faced the \"Five Tigers of Taiwanese OEM manufacturing\" in Taiwan—Quanta, Compal, Pegatron, Wistron, and Inventec—vying for business. In the past decade, Foxconn has once again faced challenges from its former mainland Chinese \"underlings,\" such as Luxshare, Goertek, and Wingtech.<a href=\"https://laohu8.com/S/002594\">BYD</a>They are frantically vying for business in their own territory.</p><p>This low technological content and low barrier to entry are reflected in financial reports, manifested in Foxconn's gross profit margin being thinner than that of a razor blade: over the past decade...<b>To maintain its gross profit margin, which had never exceeded 10%, Foxconn moved its factories from Shenzhen to Zhengzhou, and then expanded from Zhengzhou to Vietnam... constantly moving between different locations with low labor costs.</b></p><p>In stark contrast, TSMC's chip foundry is an industry that rolls forward on the wheels of Moore's Law. Under the guidance of Moore's Law, the number of components that can be accommodated on an integrated circuit doubles every 18 to 24 months, and the size of corresponding transistors continues to shrink, making semiconductor manufacturing increasingly difficult.</p><p>This is reflected in capital expenditures. As the semiconductor industry upgraded from 8-inch to 12-inch wafers, costs rose sharply: the cost of an 8-inch wafer fab ranged from a minimum of $100 million to a maximum of $1.5 billion depending on production capacity, which most companies could afford by gritting their teeth. A new 12-inch wafer fab costs as much as $2.5 billion to $3 billion, enough to leave most of its competitors in the industry behind.</p><p>Different technological content also determines different competitive landscapes.<b>The harder Foxconn works, the more competitors it faces. TSMC has come a long way, dominating the market from 0.18 micrometers to 3 nanometers. Not only has it had fewer and fewer competitors, but even its former giants Intel and IBM have been left behind.</b></p><p><img src=\"https://static.tigerbbs.com/12e071a18a041e0b8ddb78626d4f42b1\" tg-width=\"667\" tg-height=\"855\" referrerpolicy=\"no-referrer\"></p><p>With fewer and fewer competitors, profits naturally increase. Located in Taiwan, China, Foxconn has factories around the world with a gross profit margin of less than 10%. If you are not careful, you will be held back by Apple using Wistron, Pegatron and Luxshare.</p><p>TSMC, which has insisted on producing advanced process products only in Taiwan for 30 years, can maintain a gross profit margin of around 50% year-round. However, customers who want to grab TSMC's latest production capacity simply don't have enough money: In September 2020, after TSMC was forced to cut off supplies to Huawei due to US sanctions, Qualcomm and MediaTek had the opportunity to replace Huawei and use TSMC's latest 5nm production capacity.</p><p>With its market share firmly in first place, the industry's capital threshold continues to rise; The technological dividend effect continues to accumulate... The unrivaled TSMC has already established its unshakeable number one position in the chip foundry field.</p><p>Looking back at history, there are three main reasons why TSMC has risen to become the king of contract manufacturing: in the PC era, it had half the support of Intel and Nvidia; In the mobile phone era, Apple chose it as an important tool to counterbalance Samsung; In the years that followed, it sat on the wheels of Moore's Law, relying on its technological and capital advantages to leave its competitors far behind.</p><p>However, TSMC's transformation from the \"king of chip foundries\" to the \"king of stocks\" still needs one last step: to cause internet companies whose market capitalization ranks ahead of TSMC to fall from their pedestal in the capital market.</p><p><img src=\"https://static.tigerbbs.com/efede982c9faf847a3a670f3cc42a078\" tg-width=\"992\" tg-height=\"914\" referrerpolicy=\"no-referrer\"></p><p>Since the beginning of the year, TSMC has made a fortune from an epic chip shortage, and its stock price has recently jumped to become the king of Asian stocks. On the other hand, looking at the traditional \"Oracle of Omaha\" internet, Tencent has plummeted by 45% from its peak since the beginning of the year; Alibaba's stock has fallen by more than 30% so far;<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>The stock price has fallen by more than 45% since its listing on the Hong Kong Stock Exchange.</p><p>Behind TSMC's rise from the king of chip foundries to the king of Asian stocks, it is inseparable from its own efforts, and even more so from the course of history.</p><p>Beyond the process, it offers us a glimmer of inspiration:<b>The more you persevere in doing difficult yet correct things, the smoother it will be.</b></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/1vKEt53uVNkuuzHjwkGPDA\">远川科技评论</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/975836d8c6eb511241583dccb0d387f2","relate_stocks":{"EWT":"台湾ETF-iShares MSCI","03145":"华夏亚洲高息股","TSM":"台积电"},"source_url":"https://mp.weixin.qq.com/s/1vKEt53uVNkuuzHjwkGPDA","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184955585","content_text":"在2020年初，全球市值最大的十家企业中，美国独占7席，而中国的腾讯和阿里也榜上有名，成为亚洲唯二突入榜单的企业。\n\n在当时看来，腾讯和阿里进入榜单是一个再自然不过的结果，前十大企业中6个是互联网、2个金融、1个资源，唯一的硬件企业苹果，生产还不归自己管，当时如果说一家重资产、重制造、家里还没石油的企业还能进前十，无异于痴人说梦。\n但没有想到的是，仅仅一年多时间后的2021年8月18日，台积电就以5380亿美元的市值，成功超越腾讯，成为亚洲市值最高的公司。\n支撑起台积电亚洲股王市值的，是台积电二季度创下的132.9亿美元营收，一天赚1.47亿美元的亮眼业绩。\n与此同时，全球芯片大缺货，更是让台积电的订单成为硬通货：前不久，苹果一次性下单一亿片芯片后，台积电原材料供应商直接爆出猛料，台积电的订单已经满载到2024年。\n台积电取代腾讯成为亚洲股王的背后，不仅是两家企业市值的变化，同时，更是一场硬科技制造对互联网的逆袭。\n那么台积电究竟是如何在一个重资产、高人力成本投入，客户又极度强势的电子行业中，修炼出如今的股王地位？\n答案就藏在台积电崛起的三次历史机遇之中。\n\n1989年12月，刚成立两年的台积电就迎来三星掌门人李健熙的亲自挖墙脚。\n这一次，李健熙看上的，不是什么工艺负责人，也不是什么技术大牛，而是直接将目光锁定在了已经58岁的台积电创始人张忠谋的身上。\n李健熙之所以如此自信，与当时的行业发展背景有着很大的关系：当年的三星，已然是多个行业的霸主，把控韩国命脉的超级财阀；而芯片代工，在当时的行业地位，其实与如今中国台湾的另一个代工之王——富士康差不多：技术含量不高，竞争对手不少，都是位于制造业产业链价值分配“微笑曲线”的最底端，干着最累的活儿，赚最少的钱。\n\n更何况，当时的芯片制造还停留在亚微米阶段，芯片企业自己设计，自己制造，自己封测的IDM模式才是业界主流。当年的全球十大半导体公司，NEC、东芝、日立、摩托罗拉、德州仪器、富士通、三菱、英特尔、松下、飞利浦全部是典型的半导体IDM巨头。\n那么，有自己的工厂的IDM们，为什么要找初出茅庐，工艺甚至还不如自己的台积电来代工芯片？\n这是在拒绝了李健熙橄榄枝后，摆在高龄创业者——张忠谋面前的一个很现实的问题。\n不过很快，台积电就迎来了属于它的第一个时代机遇：PC崛起。\n1988年前后，在英特尔的带领下，全球的电子产业从传统的大型机时代进入PC时代。而全球的半导体产业的重心也开始逐渐从传统的DRAM存储开始向CPU、GPU为代表的数字芯片迈进。\n传统的DRAM存储芯片的轻设计重制造，因此IDM模式主导行业发展；而对数字芯片来说，芯片制造固然是头等大事，但随着芯片内晶体管的数量迈上百万台阶，背后所需的芯片设计投入，也越来越繁重。在精力有限的情况下，将设计与制造分离，已经成为迫在眉睫的大趋势。\n\n凭借着英特尔总裁格鲁夫与张忠谋的私人交情，英特尔直接派驻工程师入驻台积电，对当时制造工艺仅有二百多道环节的台积电，一口气指出了至少二百个工艺改进流程。\n要知道，当时的英特尔，正是顶级芯片制造的代名词。其正在的研发的80486芯片，不仅是全球最先使用1微米的制造工艺的，同时更是首次在一个芯片中突破了100万个晶体管集成，达到120万创举的高端芯片制造者。\n能被英特尔一对一辅导，台积电一举拿下了通往顶级芯片代工的第一张技术门票。\n拿到了这张门票后不久，1995年台积电又与刚成立两年的英伟达一拍即合，拿下了PC时代的另一张重要船票。\n此后十年间，台积电一边确立了与高通、美满电子等芯片设计企业的合作；另一边，还通过铜制程技术以及湿法光刻工艺技术的研发，在技术上独步全球，在2004年，占据了全球市场份额的半壁江山。\n只是，台积电没想到，另一个可能颠覆产业格局的风暴正在悄悄到来。\n\n成为PC芯片领域代工一哥不久后，苹果带着智能手机山呼海啸的袭来，只可惜，这一次的主角，一开始并不是台积电。\n2007年，乔布斯拿着初代iPhone在万众瞩目中官宣，被称为惊艳的跨时代产品。此后数年，每逢iPhone发布新机，世界各地的苹果零售店门前都会出现疯狂的果粉凌晨排队抢购的奇观。\n而iPhone封神的背后，也明明白白的昭示了一件事：智能机时代已经到来，只有拿下苹果，才能成为真正的芯片代工一哥。\n但是懂行的都知道，台上的乔布斯，表面看似是发布iPhone手机的“上帝”，但根本上，却只是大洋彼岸三星帝国的打工人。\n市调机构IHS，曾对历代iPhone的成本来源进行拆解发现，在还没出现双摄与浴霸摄像头的年代里，前几代iPhone的三大成本来源，分别是：处理器，屏幕以及存储。而一部iPhone手机中，这三项全部made by Samsung。\n三星提供的处理器与存储，自然是三星制造。而当年代工了全球几乎一半芯片的台积电，却只能默默羡慕的观望。\n但作为顶级的供应链制衡大师，苹果一定不会允许，让自己的竞争对手，同时把控着自己的三大命脉。\n于是，一边与三星蜜里调油，另一边，2010年苹果就悄悄与台积电搭上了线。为了双方能够合作得更顺畅，台积电还专门成立了一支由百余位跨部门的研发工程师组成的“one team”战队，驻扎美国苹果总部，一起快马加鞭搞秘密研发，企图彻底绕过三星的专利。\n研发初见进展后，苹果立刻在2011年闪电向三星提起16项侵权指控。而三星则反手又将苹果告上法庭，反诉苹果侵权，甚至要求美国禁售iPhone。\n苹果与三星鹬蚌相争，台积电渔翁得利。\n从2014年苹果的A8芯片起，台积电开始代工大部分苹果芯片，iPhone 7时代开始，台积电则完全垄断了所有苹果芯片的生产。合作延续至如今，苹果仍是台积电最大的客户，每年为台积电贡献了近20%的收入。\n至此，台积电正式确定了芯片代工的龙头地位。\n但只是给最厉害的客户打工，就能够成就如今的台积电吗？作为苹果最大的代工厂，富士康第一个不同意。\n\n同样是代工之王，台积电可以卡住全球客户的咽喉，而富士康却对苹果扶持竞争对手来抢生意无可奈何。\n截然不同的命运背后，其实早在赛道选择之时就已经埋下伏笔。\n以富士康为代表的电子产品组装，本质上是个只要召集了足够多工人，就能在流水线上24小时开工的低门槛行业。因此，做代工，二十年前，富士康在中国台湾面临着“台系代工五虎”——广达、仁宝、和硕、纬创、英业达抢生意；最近十年，富士康又面临着，曾经一手带大的大陆“小弟”立讯、歌尔、闻泰、比亚迪们，在自己的地盘疯狂抢生意。\n这种低技术含量、低门槛体现在财报中，就表现为富士康比剃须刀刀片还要薄的毛利之中：近十年，富士康为保住从未突破10%的毛利，一路将工厂从深圳搬到郑州，又从郑州拓展到越南……不断在人力成本的不同洼地之间辗转搬迁。\n与此形成鲜明对比的是，台积电对应的芯片代工是一个坐在摩尔定律车轮上滚滚向前的产业。在摩尔定律的主导下，集成电路上可容纳的元器件的数量每隔18至24个月就会增加一倍，相应的晶体管的尺寸也会不断缩小，半导体的制造难度也越来越高。\n体现在资本开支上，半导体行业从8英寸向12英寸升级的过程中，成本急剧上升：一座8英寸的晶圆厂造价视产能最低1亿，最高15亿美元，一般的企业咬咬牙还能顶上。而一座新的12英寸晶圆厂造价则高达25亿到30亿美金，足以将行业内大部分竞争对手甩在身后。\n不同的技术含量，也决定了不同的竞争格局。富士康越努力，竞争对手越多；而台积电一路走来，从0.18微米到3纳米独步天下，不仅竞争对手越来越少，就连曾经的老大哥英特尔、IBM也被甩在身后。\n\n对手越来越少，利润自然就越来越高，同处中国台湾，富士康全球设厂，毛利不足10%，一不留神，就被苹果用纬创、和硕以及立讯牵制；\n而坚持三十年只在中国台湾生产高阶制程产品的台积电，则可以常年维持在50%左右的毛利，而客户想要抢到台积电的最新产能，只是有钱还万万不够：2020年9月，台积电因美国制裁被迫断供华为后，高通、联发科这才有了替补华为，用上台积电最新5nm产能的机会。\n市场份额稳居第一，行业的资金门槛不断提升；技术的红利效应不断叠加……独孤求败的台积电，在芯片代工领域，已然奠定了其不可撼动的第一宝座。\n回顾历史，台积电能崛起成为代工之王，有三大原因：PC时代，有了半个英特尔与英伟达支持；手机时代被苹果选择，成为制衡三星的重要工具；此后数年，又坐在摩尔定律的车轮上，靠着技术与资本优势，将一众竞争对手远远甩在身后。\n只不过，台积电从“芯片代工之王”变成“股王”，还差最后一步：让市值排在台积电之前的互联网企业们，在资本市场跌落神坛。\n\n从年初至今，一边是台积电在史诗级的芯片大缺货中赚得盆满钵满，近期股价更是一跃成为亚洲股王。另一边，反观传统“股神”互联网，年初至今，腾讯从最高点暴跌45%；阿里至今跌幅超过30%；百度股价更在港交所上市至今跌幅超过45%。\n从芯片代工之王进阶亚洲股王背后，台积电离不开自身的努力，同时，更离不开历史的进程。\n而进程之外，更给我们一丝启示：做难而正确的事，越坚持越顺利。","news_type":1,"symbols_score_info":{"TSM":0.9,"TWmain":0.9,"03145":0.9,"EWT":0.9}},"isVote":1,"tweetType":1,"viewCount":4851,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893513110,"gmtCreate":1628285763030,"gmtModify":1703504440985,"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558566101600142","idStr":"3558566101600142"},"themes":[],"title":"","htmlText":"How your understand.?","listText":"How your understand.?","text":"How your understand.?","images":[{"img":"https://static.tigerbbs.com/fd28fa18f79f58a894255a2538a1088f","width":"1080","height":"2993"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/893513110","isVote":1,"tweetType":1,"viewCount":4799,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":188246002,"gmtCreate":1623452136506,"gmtModify":1704203885783,"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558566101600142","idStr":"3558566101600142"},"themes":[],"title":"","htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188246002","repostId":"2142205569","repostType":4,"repost":{"id":"2142205569","kind":"highlight","pubTimestamp":1623422311,"share":"https://ttm.financial/m/news/2142205569?lang=en_US&edition=fundamental","pubTime":"2021-06-11 22:38","market":"us","language":"zh","title":"How dangerous is Bezos's trip to space?","url":"https://stock-news.laohu8.com/highlight/detail?id=2142205569","media":"36氪","summary":"6月11日消息，亚马逊创始人杰夫·贝索斯（Jeff Bezos）可以乘坐私人飞机环游地球，也可以乘坐大型游艇进行环球航行；他可以买下整个美国国家橄榄球联盟，也可以随手给亲友买下一座群岛；他还可以买下6","content":"<p>June 11th news,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Founder Jeff Bezos can travel around the globe on a private jet or on a large yacht; He can buy the entire NFL, or buy an archipelago for friends and relatives. He can also buy 65,000 Bugatti Chirons sports cars with a starting price of $2.9 million. As one of the richest people in the world, Bezos can get anything on earth. But Bezos seems poised to risk everything for an 11-minute trip to space.</p><p><h2><b>How risky is his decision?</b></h2>The answer may not be what you expect. Historically, space flight has been fraught with dangers. But the stakes aren't necessarily great for Bezos' journey to space, as Blue Origin, the space company he funds, has spent much of the past decade repeatedly testing the New Shepard suborbital-class rocket with a string of successes as well. Bezos will complete a space flight aboard this rocket.</p><p>However, the spaceflight, which Bezos conducted with his brother Mark Bezos, will be the first manned flight test of the New Shepard rocket, and it will not be entirely risk-free.</p><p>What will Bezos' first space flight look like? What is the risk of people going into space now?</p><p><h2><b>What was Bezos's trip to space like?</b></h2>When most people think of spaceflight, they think of astronauts orbiting the Earth and spending at least a few days in space.</p><p>The Bezos brothers and other passengers would not do that.</p><p>They go back and forth quickly and in less time than most people spend on the way to work, about 11 minutes in total.</p><p>Suborbital flight is very different from orbital flight that most of us think of when we refer to spaceflight. Blue Origin's New Shepard rocket has a short flight time, and it is straight up and down, only reaching the edge of outer space 100 kilometers above the earth.</p><p><img src=\"https://static.tigerbbs.com/25f0ed4d2e7cb17e1956f78a74c944cf\" tg-width=\"1000\" tg-height=\"563\" referrerpolicy=\"no-referrer\"></p><p>Orbital-class rockets need to gain enough thrust to reach a speed of at least 27,000 kilometers per hour, which is what we call orbital speed, essentially giving the spacecraft enough energy to continue to rotate around the Earth, rather than being immediately pulled back to the ground by gravity.</p><p>Suborbital flight requires much less thrust and speed. This means that the rocket burns for a shorter time, the outside of the spacecraft is subjected to lower temperatures and pressures, and there is less likelihood of serious errors as is usually the case.</p><p>The New Shepard rocket travels suborbitally at about three times the speed of sound, approximately 3,700 kilometers per hour. The rocket will go all the way up vertically until most of the fuel is consumed. The crew compartment will separate from the rocket at the highest point of the track and continue to rise for a short segment, and then the crew compartment will run briefly at the highest segment of the operating track, allowing passengers to experience weightlessness for a few minutes.</p><p>After this, the New Shepard crew compartment opens a large number of parachutes during the descent, reducing the descent speed to below 32 kilometres per hour.</p><p>While the rocket booster will re-ignite the engine and use the onboard computer to accurately complete the vertical landing. The booster landing looks similar to SpaceX's Falcon 9 rocket, which of course has much more thrust and is more prone to exploding on impact.</p><p><h2><b>How risky is this spaceflight?</b></h2>Blue Origin's new Shepard rocket crew bay operates fully automated and requires no flight controls. It has conducted 15 flight tests, and there has never been an explosion accident. The nature of Bezos's spaceflight, compared to his ambitious spaceflight, means that the risk itself is low, but it doesn't mean that the risk is zero.</p><p><img src=\"https://static.tigerbbs.com/614a8ab2cf54dc3204b9f7dfb54ab8d0\" tg-width=\"1000\" tg-height=\"563\" referrerpolicy=\"no-referrer\"></p><p>Since suborbital flight does not require that much speed and does not require re-entry into the Earth's atmosphere at incredible speeds, it is much less risky than orbital flight. During the return of the orbiting capsule to the Earth, the external temperature of the spacecraft can reach nearly 2,000 degrees Celsius, and astronauts once had to bear an acceleration of 4.5G. At the same time, the thickening atmosphere puts more and more pressure on the spacecraft.</p><p>High speeds and high altitudes carry inherent risks, and even minor mistakes can have serious consequences. At an altitude of more than 15,000 meters, people can't survive without wearing a spacesuit, and Bezos will fly to an altitude of 100 kilometers above the ground. But the capsule he's in is pressurized, so he doesn't need a spacesuit to keep himself safe, and if the cabin loses pressure, Bezos can use an oxygen mask. The New Shepard rocket is also equipped with an abort system for pushing the crew bay and passengers away from the rocket in an emergency. The crew compartment also has a backup safety feature, which allows the crew compartment to land safely even if several parachutes can't be opened.</p><p>Even so, there is no way to absolutely guarantee safety if the New Shepard rocket malfunctions.</p><p>While suborbital flights are less risky than orbital flights, they still have the potential to be fatal.</p><p>For example,<a href=\"https://laohu8.com/S/SPCE\">Virgin Galactic</a>A suborbital vehicle disintegrated during a test flight in 2014 after a co-pilot of the aircraft prematurely activated the plume system used to keep the vehicle stable during the descent phase. The abruptly increased drag tore the vehicle to pieces, killing one pilot.</p><p>Since then, Virgin Galactic has carried out three successful test flights of the improved Spacecraft II vehicle. Blue Origin has yet to encounter a similar accident during the beta phase. But as the saying has been circulating for a long time, getting into space is really hard.</p><p>But Bezos said it was worth the risk.</p>","source":"36kr_stock","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>How dangerous is Bezos's trip to space?</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\">\nHow dangerous is Bezos's trip to space?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">36氪</strong><span class=\"h-time small\">2021-06-11 22:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p>June 11th news,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Founder Jeff Bezos can travel around the globe on a private jet or on a large yacht; He can buy the entire NFL, or buy an archipelago for friends and relatives. He can also buy 65,000 Bugatti Chirons sports cars with a starting price of $2.9 million. As one of the richest people in the world, Bezos can get anything on earth. But Bezos seems poised to risk everything for an 11-minute trip to space.</p><p><h2><b>How risky is his decision?</b></h2>The answer may not be what you expect. Historically, space flight has been fraught with dangers. But the stakes aren't necessarily great for Bezos' journey to space, as Blue Origin, the space company he funds, has spent much of the past decade repeatedly testing the New Shepard suborbital-class rocket with a string of successes as well. Bezos will complete a space flight aboard this rocket.</p><p>However, the spaceflight, which Bezos conducted with his brother Mark Bezos, will be the first manned flight test of the New Shepard rocket, and it will not be entirely risk-free.</p><p>What will Bezos' first space flight look like? What is the risk of people going into space now?</p><p><h2><b>What was Bezos's trip to space like?</b></h2>When most people think of spaceflight, they think of astronauts orbiting the Earth and spending at least a few days in space.</p><p>The Bezos brothers and other passengers would not do that.</p><p>They go back and forth quickly and in less time than most people spend on the way to work, about 11 minutes in total.</p><p>Suborbital flight is very different from orbital flight that most of us think of when we refer to spaceflight. Blue Origin's New Shepard rocket has a short flight time, and it is straight up and down, only reaching the edge of outer space 100 kilometers above the earth.</p><p><img src=\"https://static.tigerbbs.com/25f0ed4d2e7cb17e1956f78a74c944cf\" tg-width=\"1000\" tg-height=\"563\" referrerpolicy=\"no-referrer\"></p><p>Orbital-class rockets need to gain enough thrust to reach a speed of at least 27,000 kilometers per hour, which is what we call orbital speed, essentially giving the spacecraft enough energy to continue to rotate around the Earth, rather than being immediately pulled back to the ground by gravity.</p><p>Suborbital flight requires much less thrust and speed. This means that the rocket burns for a shorter time, the outside of the spacecraft is subjected to lower temperatures and pressures, and there is less likelihood of serious errors as is usually the case.</p><p>The New Shepard rocket travels suborbitally at about three times the speed of sound, approximately 3,700 kilometers per hour. The rocket will go all the way up vertically until most of the fuel is consumed. The crew compartment will separate from the rocket at the highest point of the track and continue to rise for a short segment, and then the crew compartment will run briefly at the highest segment of the operating track, allowing passengers to experience weightlessness for a few minutes.</p><p>After this, the New Shepard crew compartment opens a large number of parachutes during the descent, reducing the descent speed to below 32 kilometres per hour.</p><p>While the rocket booster will re-ignite the engine and use the onboard computer to accurately complete the vertical landing. The booster landing looks similar to SpaceX's Falcon 9 rocket, which of course has much more thrust and is more prone to exploding on impact.</p><p><h2><b>How risky is this spaceflight?</b></h2>Blue Origin's new Shepard rocket crew bay operates fully automated and requires no flight controls. It has conducted 15 flight tests, and there has never been an explosion accident. The nature of Bezos's spaceflight, compared to his ambitious spaceflight, means that the risk itself is low, but it doesn't mean that the risk is zero.</p><p><img src=\"https://static.tigerbbs.com/614a8ab2cf54dc3204b9f7dfb54ab8d0\" tg-width=\"1000\" tg-height=\"563\" referrerpolicy=\"no-referrer\"></p><p>Since suborbital flight does not require that much speed and does not require re-entry into the Earth's atmosphere at incredible speeds, it is much less risky than orbital flight. During the return of the orbiting capsule to the Earth, the external temperature of the spacecraft can reach nearly 2,000 degrees Celsius, and astronauts once had to bear an acceleration of 4.5G. At the same time, the thickening atmosphere puts more and more pressure on the spacecraft.</p><p>High speeds and high altitudes carry inherent risks, and even minor mistakes can have serious consequences. At an altitude of more than 15,000 meters, people can't survive without wearing a spacesuit, and Bezos will fly to an altitude of 100 kilometers above the ground. But the capsule he's in is pressurized, so he doesn't need a spacesuit to keep himself safe, and if the cabin loses pressure, Bezos can use an oxygen mask. The New Shepard rocket is also equipped with an abort system for pushing the crew bay and passengers away from the rocket in an emergency. The crew compartment also has a backup safety feature, which allows the crew compartment to land safely even if several parachutes can't be opened.</p><p>Even so, there is no way to absolutely guarantee safety if the New Shepard rocket malfunctions.</p><p>While suborbital flights are less risky than orbital flights, they still have the potential to be fatal.</p><p>For example,<a href=\"https://laohu8.com/S/SPCE\">Virgin Galactic</a>A suborbital vehicle disintegrated during a test flight in 2014 after a co-pilot of the aircraft prematurely activated the plume system used to keep the vehicle stable during the descent phase. The abruptly increased drag tore the vehicle to pieces, killing one pilot.</p><p>Since then, Virgin Galactic has carried out three successful test flights of the improved Spacecraft II vehicle. Blue Origin has yet to encounter a similar accident during the beta phase. But as the saying has been circulating for a long time, getting into space is really hard.</p><p>But Bezos said it was worth the risk.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://36kr.com/p/1263912507152256\">36氪</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9e340c05ca20f874e1ef85f7592a0fa0","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://36kr.com/p/1263912507152256","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142205569","content_text":"6月11日消息，亚马逊创始人杰夫·贝索斯（Jeff Bezos）可以乘坐私人飞机环游地球，也可以乘坐大型游艇进行环球航行；他可以买下整个美国国家橄榄球联盟，也可以随手给亲友买下一座群岛；他还可以买下65000辆起售价290万美元的布加迪Chirons跑车。作为世界上最富有的人之一，贝索斯可以得到地球上的任何东西。但贝索斯似乎准备冒着一切风险，进行11分钟的太空之旅。\n他的这个决定到底有多大风险?\n答案可能不是你所期望的那样。从历史上看，太空飞行充满危险。但对于贝索斯的太空之旅来说，风险不一定很大，因为他资助的太空公司蓝色起源在过去十年的大部分时间里都在反复测试新谢泼德号亚轨道级火箭，也获得了一系列成功。贝索斯将搭乘这种火箭完成太空飞行。\n不过，贝索斯和他兄弟马克·贝索斯（Mark Bezos）一道进行的太空飞行将是新谢泼德号火箭的首次载人飞行测试，并非完全没有风险。\n贝索斯的首次太空飞行将会是什么样子？现在人们进入太空的风险又有多大呢？\n贝索斯的太空之旅什么样？\n当大多数人想到太空飞行时，他们想到的是宇航员绕地球飞行，在太空中至少待上几天时间。\n贝索斯兄弟两人和其他乘客不会这么做。\n他们会快去快回，而且用的时间比大多数人花在上班路上的时间都要短，总共大约只有11分钟的时间。\n亚轨道飞行与我们大多数人提及太空飞行时想到的轨道飞行有很大不同。蓝色起源的新谢泼德号火箭飞行时间很短，而且是直上直下，只会抵达距地100公里的外太空边缘。\n\n轨道级火箭需要获得足够推力，从而达到至少每小时27000公里的速度，这也就是我们所说的轨道速度，本质上是让飞船有足够能量可以继续绕着地球旋转，而不是立即被重力拉回地面。\n亚轨道飞行所需要的推力和速度要小得多。这意味着火箭燃烧时间更短，飞船外部承受的温度和压力更低，通常情况下发生严重错误的可能性更小。\n新谢泼德号火箭的亚轨道飞行速度约为三倍音速，大约每小时3700公里。火箭将一路垂直向上，直至消耗掉大部分燃料。乘员舱将在轨道最高点与火箭分离，并继续上升一小段，然后乘员舱会在运行轨道的最高段短暂运行，让乘客体验几分钟的失重状态。\n在此之后，新谢泼德号乘员舱会在下降过程中打开大量降落伞，将降落速度降低到每小时32公里以下。\n而火箭助推器将重新点燃发动机，利用机载计算机精确完成垂直着陆。助推器着陆看起来类似于SpaceX的猎鹰9号火箭，当然后者的推力要大得多，而且更容易在撞击时爆炸。\n这种太空飞行的风险有多大?\n蓝色起源公司的新谢泼德号火箭乘员舱是完全自动化运行的，不需要飞行控制人员。其已经进行了15次飞行测试，从未发生过爆炸事故。与雄心勃勃的太空旅行相比，贝索斯这次太空飞行的性质意味着其本身风险很低，但并不意味着风险为零。\n\n由于亚轨道飞行不需要那么快的速度，也不需要以难以置信的速度重返地球大气层，因此比轨道飞行的风险小得多。在进行轨道飞行的太空舱重返地球过程中，飞船外部温度可以达到近2000摄氏度，宇航员一度需要承受4.5G的加速度，而与此同时，不断变厚的大气层对飞船周围的压力越来越大。\n高速和高空都有着固有风险，即使是很小的错误也会带来严重后果。在15000米以上的高度，如果人不穿宇航服就无法存活，而贝索斯将飞行到距地100公里的高度。但他乘坐的太空舱是加压的，所以他不需要宇航服来保证自身安全，而且如果客舱失压，贝索斯可以使用氧气面罩。新谢泼德号火箭还配备了一个中止系统，用于在紧急情况下将乘员舱和乘客推离火箭。乘员舱还有备份安全功能，即使有数个降落伞无法打开，也可以让乘员舱安全着陆。\n即便如此，如果新谢泼德号火箭发生故障，也没有办法绝对保证安全。\n虽然亚轨道飞行比轨道飞行风险小，但它们仍然有致命的可能性。\n例如，维珍银河一架亚轨道飞行器在2014年一次试飞中解体，原因是飞机一名副驾驶员过早启动了用于在下降阶段保持飞行器稳定的羽状系统。陡然增加的阻力将飞行器撕裂成碎片，导致一名飞行员死亡。\n此后，维珍银河已经对改进版的“太空船二号”飞行器进行了三次成功试飞。蓝色起源在测试阶段还没有遇到过类似的事故。但正如行内流传已久的说法，进入太空真的很难。\n但贝索斯表示，冒这种险是值得的。","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":2079,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}