Khanchit Khirisutchalual SpaceXAI ( SPCX ) will expand public access to its Grok 4.5 AI model on Thursday, based on “strong positive feedback from customers” in its beta test program, CEO Elon Musk said in a post on X. Grok 4.5 is a faster Opus-class model at a lower cost, Musk said. In June, Musk said Grok 4.5 has entered private beta testing at SpaceX ( SPCX ) and Tesla ( TSLA ), offering a glimpse into the latest iteration of the artificial intelligence model developed by his xAI venture. The number of daily average users for the Grok app, meanwhile, in the U.S. has declined by 28% since April, and its market share was 8.7% in June, falling from 10.6% in May, according to Apptopia data on Tuesday. Overall, OpenAI's ( OPENAI ) ChatGPT held the No. 1 ranking among market share in the U.S. in June. More on SpaceX SpaceX Nasdaq-100 Inclusion Flashes A Historic 'Sell-The-News' Warning Wall Street Brunch: Options Spy SpaceX Pop The AI Bet Driving SpaceX SpaceXAI's Grok continues to lose market share; Meta AI climbs to fourth in US: analysis SpaceX put options signal hedging, not liquidation: MDP’s Dennis Davitt

A secondary school in eastern China is at the centre of controversy for collecting the information of its fresh students’ parents, including what brand of car they drive and their values. Dongying No 1 Middle School in Dongying, Shandong province, distributed the information collection form in late June among students who were recently admitted, China Newsweek reported. Students were requested to fill in the details of their parents’ names, where they work, their titles and their mobile...

MSFT Stock Price Prediction 2026–2030: Can Microsoft Recover to $700? WEEX

格隆汇7月8日｜东吴证券研报指出，雅化集团Q2锂盐量利齐升，略超我们预期。公司预告26H1归母净利11.0-13.0亿元，同比增长710%-857%；其中26Q2归母净利公司预计7.6-9.6亿元，同比增长约13-17倍，环比增长124%-182%，业绩环比显著提升，主要受益锂盐出货增长、锂价上行及库存收益释放。锂盐出货高增、资源自给比例持续提升；26Q2单吨利润显著提升、套保影响基本落地。民爆业务平稳增长、贡献稳定利润。给予26年16x估值，对应目标价42元，维持“买入”评级。

Chip startup SambaNova Systems Inc. has raised $1 billion at an $11 billion valuation, underscoring investors’ conviction in rising demand for infrastructure tied to artificial intelligence. SambaNova, which is backed by Intel Corp. ’s venture arm, has completed the first close of the Series F round led by General Atlantic , the company is set to announce Wednesday. Along with the funding, the firm has lined up JPMorgan Chase & Co. as a customer, according to a statement reviewed by Bloomberg News. The bank will deploy SambaNova’s chips to power AI workloads in-house. Founded in 2017 by three former Stanford University students, SambaNova designs custom AI chips aimed to rival those offered by Nvidia Corp . It’s among a group of companies trying to get a foothold in the changing but booming market for AI infrastructure. While Nvidia’s chips dominated the era of training models, data center operators are increasingly shifting toward providing services by chipmakers like SambaNova that use existing software at lower cost and greater efficiency. Rodrigo Liang , SambaNova’s chief executive officer, said the market is seeing a “hockey stick” effect in customers looking for alternatives to Nvidia for inference while also looking to lower what’s known in the industry as cost-per-token. SambaNova’s chips are designed to be used alongside Nvidia products, not to replace them. Liang said SambaNova’s SN40 and SN50 chips can run the so-called decode portion of inference — unpacking the query from the model — five to 10 times faster, which helps free up the same number of Nvidia chips for other tasks such as training. “People still want to buy the same number of tokens — you’re just processing them fast on the same hardware versus standing up 10 times the number of racks to actually keep everybody moving,” Liang said. The company is on track to release its fifth chip. Martín Escobari , co-president and head of global growth equity at General Atlantic, said in an interview that t...

Key PointsMeta Platforms is exploring plans to lease its excess data center capacity.

Rutte Touts 'Literally Billions' Invested To Drastically Ramp Up NATO's Drone Capabilities NATO leadership has this week made clear where it plans to invest a bulk of defense and tech-related funds in the coming years, while making express reference to lessons learned from the Russia-Ukraine battlefield. The alliance's Secretary General Mark Rutte said Tuesday that drone warfare is the next great expanse in NATO capabilities. He touted that member states are unveiling "major new projects" worth "literally billions of dollars" at the Ankara summit. "These are billions that are invested in our security, boosting our economies and supporting hundreds of thousands of new jobs," Rutte stated . "It’s money well spent." Anadolu Agency He unveiled that among the projects include the NATO future procurement of five "high-end, high-altitude and long-endurance uncrewed aircraft" from Northrop Grumman. Defense News reviews : Built by Northrop Grumman, the MQ-4C Triton is a high-altitude, long-endurance UAV specifically designed for maritime surveillance over vast stretches of sea. According to Rutte, the aircraft will help NATO detect threats early, protect sea lines of communication, and support operations in demanding regions, such as the High North . "These aircraft can fly for long periods at high altitude and cover large areas, including over open water, more efficiently than most other aircraft can," he said at the event, organized to coincide with the NATO summit this week. Rutte stressed that intelligence, surveillance and reconnaissance (ISR) is a vital capability for the alliance, as it provides the situational awareness needed to make the right decisions and stay ahead of threats. "Today, allies are taking a concrete step to strengthen this capability," he added. An additional project area outlined by Rutte involves 40 billion dollars' worth of investment in "counter-drone capabilities over the next five years," the alliance additionally said in a statement. Another ...

(Bloomberg) -- Chip startup SambaNova Systems Inc. has raised $1 billion at an $11 billion valuation, underscoring investors’ conviction in rising demand for infrastructure tied to artificial intelligence.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaChip Stocks Sink After Blistering Run as Oil Jumps: Markets WrapTwo Millennium Trading Pods Made About $3.7 Billion Last MonthUS Strikes Iran and Blocks Oil Sales, in New Test of TruceChina Sentences Officia

沃尔玛 公司日前宣布，已从上周起下调数千种商品的价格，涵盖牛肉、 可口可乐 、洗衣液等食品与日用品，以及烤架、防晒霜等夏季时令商品。沃尔玛发言人表示，此次降价举措适用于线下门店、山姆会员店（Sam‘s Club）以及线上电商平台和应用程序。市场分析认为，此举是沃尔玛延续其“低价平价”核心战略的既定动作。 针对沃尔玛的降价举措，美国总统特朗普在社交媒体上发文称，这是由于其政府的“要求”而做出的调整，借此庆祝美国建国250周年，并宣称其正在兑现降低民众生活成本的承诺。对此，沃尔玛方面拒绝置评，且在其官方发布的降价声明中并未提及特朗普。 宏观经济数据显示，由于前段时期伊朗局势引发能源价格飙升，美国5月份消费者物价指数（CPI）创下三年多来新高，特朗普政府因未能有效缓解生活成本危机而面临压力。行业分析机构“关键知识”（Vital Knowledge）分析师亚当·克里萨富利（Adam Crisafulli）指出，当前全美民众对物价承受力高度敏感，此次降价客观上形成了企业聚焦低价优势、政府借此修补民生叙事的双赢局面。 此前，由于特朗普政府推行所谓的“解放日”（Liberation Day）进口关税政策，主要依赖海外进口的电子产品和家电等“通用商品”成本抬升，沃尔玛曾于今年2月提高过相关商品售价。随后，该关税政策在2月被美国联邦最高法院裁定违宪并废除。 英国《卫报》与哈里斯民调（Harris Poll）周二联合发布的最新调查结果显示，当前全美约有半数受访者表示难以负担食品和汽油等日常开销，高达95%的美国民众认为美国正深陷“购买力危机”。尽管降价举措在一定程度上缓解了零售终端压力，但市场对美国整体通胀走势及供应链稳定性的担忧依然存在。 责任编辑：龙运翔

格隆汇7月8日｜伊朗外交部发布声明，谴责美国“公然违反”双方达成的临时协议。

Almost all major Asian stock markets fall, with Samsung Electronics shares sliding for a second day Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Oil prices have risen by more than 3% after fresh strikes from the US and Iran tested a fragile truce. Short-term profit taking on long-term winners, particularly the AI theme, appears to be a global dynamic… we sh ould expect elevvated volatility and continued foreign sellingin orea equities in the near term. 7pm BST: US Federal Reserve minutes Continue reading...

格隆汇7月8日｜碳酸锂主力合约日内走低2.00%，现报159840元/吨。

江苏今年上半年加快发债，发债规模位居各省份之首。 经济大省江苏财政实力雄厚，近年来财政收入稳居全国第二，仅次于广东。江苏近日率先披露当地今年上半年财政收支情况。 江苏省财政厅数据显示，2026年上半年，全省一般公共预算收入完成5941亿元，增长1.8%。这一增速略高于去年同期（1.1%）。 根据今年江苏省预算报告，江苏今年全年一般公共预算收入预期目标为10450亿元，增长2%。从实际执行情况看，上半年当地一般公共预算收入完成年初预算的57%，实现“时间过半、进度过半”，好于年初预期。毫无悬念，今年上半年江苏省这一收入规模预计继续稳居全国第二。 一般公共预算收入由税收收入和非税收入组成，其中与经济关联最为密切的税收收入又是核心。 江苏省财政厅数据显示，今年上半年当地一般公共预算收入中，税收收入完成4545亿元，增长3.4%，全省税收占一般公共预算收入比重为76.5%；非税收入完成1396亿元，下降3%。 江苏省今年上半年税收收入增速略高于去年同期（2.7%），且今年以来税收收入累计增速小幅攀升，说明当地经济运行稳步向好。不过，江苏税收收入增速略低于全国同期平均水平。 从具体税种看，今年上半年，江苏第一大税种增值税收入为2119亿元，增长5.8%。这一增速高于当地税收平均增速，成为拉动当地税收增长的主力。 增值税收入增长一方面是因为今年以来当地工业、服务业保持稳定增长，而全国工业生产者出厂价格今年以来保持上涨，也带动现价计算的增值税收入增长。 江苏省统计局数据显示，今年1—5月全省规模以上工业增加值同比增长6.7%。1—4月，全省规模以上服务业营业收入同比增长6.8%。 企业利润改善也带动江苏第二大税种企业所得税收入累计增速由负转正。江苏省财政厅数据显示，今年上半年当地企业所得税收入为867亿元，增长2.5%。 江苏个人所得税收入保持快速增长。今年上半年，江苏个税收入为317亿元，增长17.4%，这一增速远高于税收平均增速。 实际上，今年全国个税收入也保持较快增长。这主要由于资本市场活跃带动股权转让个税、利息股息红利转让所得个税等高速增长，有色金属冶炼和压延加工业、金融业等行业个税增长较快带动。另外，个税征管不断强化，推动今年以来一些网络主播、高收入人群补税，也推动个税收入增长。 与大多数地方相似，受楼市低迷影响，江苏房地产相关税收出现明显下滑。比如，今年上半年江苏契税...

A Long March-8A carrier rocket successfully launched a group of Qianfan polar-orbit satellites from the Hainan Commercial Space Launch Site on July 5. Photo: IC Photo Chinese commercial lenders are stepping up credit support for the country’s booming commercial space sector following the launch of 20 satellites on a single rocket on July 5. A Long March-8A rocket successfully deployed the latest group of 20 satellites for the Qianfan constellation from the Hainan International Commercial Aerospace Launch Center, bringing the network’s total to 218. The Qianfan project is a low-Earth-orbit satellite internet constellation similar to Elon Musk’s Starlink, which currently holds a first-mover advantage with more than 10,000 satellites in orbit.

日本 丰田汽车 公司周一宣布，计划投资36亿美元，将其塔科马（Tacoma）中型皮卡车型的生产线从墨西哥迁至美国德克萨斯州圣安东尼奥工厂。市场分析指出，此举正值特朗普政府确认不再延长美墨加三边贸易协定、转而实施逐年审查机制之际。丰田此番调整旨在重新布局其北美生产网络，并借美国燃油混合动力车型销量上升之势，进一步蚕食 通用汽车 等美国本土汽车巨头的市场份额。 根据丰田汽车公布的规划，该笔36亿美元的投资将在未来四年内逐步落实。届时，圣安东尼奥工厂将增设第二条整车组装线，厂区面积到2030年将翻番，年产能从目前的约20万辆提升至35万辆，并为当地直接创造2000个就业岗位。目前，该工厂主要负责生产红杉（Sequoia）混合动力SUV和坦途（Tundra）全尺寸皮卡。 丰田北美公司首席执行官小川哲男在声明中强调，此项投资体现了丰田对北美地区劳动力及长期增长潜力的信心。通过扩建圣安东尼奥工厂，丰田将深化对美国本土制造的承诺。丰田官方数据显示，自2003年破土动工以来，公司已向该工厂累计投资83亿美金。此次产能扩张是丰田此前承诺的“到2030年在美国追加至多100亿美元投资”计划的重要组成部分。 针对生产线迁移后的海外业务布局，丰田公司发言人回应称，在塔科马车型生产线由墨西哥蒂 华纳 工厂转移至德克萨斯州期间，丰田仍将维持其在墨西哥的运营。她证实，丰田未来将继续在墨西哥瓜纳华托工厂生产部分塔科马皮卡。值得注意的是，这一决定彻底逆转了丰田六年前做出的将塔科马生产完全从德克萨斯迁往墨西哥的战略规划。 分析人士指出，随着美国纯电动汽车市场近期出现增长乏力，而混合动力车型需求持续高涨，长期深耕混动领域的丰田汽车正迅速缩小与美国最大汽车制造商通用汽车（GM）的销量差距。相关行业统计数据显示，今年上半年，丰田在美国市场销量同比增长0.5%至124万辆；而同期放弃混动路线、全力押注纯电动车型的通用汽车销量则下滑6.8%至134万辆。此次大规模扩充在美皮卡及混动车型产能，被普遍视为丰田争夺美国汽车销量冠军宝座的关键举措。 责任编辑：龙运翔

尽管美国6月新增非农就业远逊预期，但投资者仍不愿放弃整体前景长期上行的观点。美国商品期货交易委员会的仓位显示，在数据发布前，美元多头头寸达到十多年来的最高水平，但随后的美元抛售幅度相对温和。 部分原因是，鉴于整体劳动力市场依然具有韧性且失业率处于低位，美联储可能会忽略一份疲软的非农就业报告。这将使市场关注点继续集中在通胀上，从而使下周公布的CPI成为预测政策路径的关键因素。 在此之前，今天的FOMC会议纪要将是本周最重要的外汇市场事件。政策会议后市场初步出现鹰派重新定价，这不仅是因为沃什对通胀的鹰派言论，而且也源于6月份的《经济预测摘要》，当时18位参与者中有9位预测2026年至少会加息一次。会议纪要应该会进一步阐明这一变化，并强化最初鹰派定价背后的逻辑，从而支撑欧元/美元的下行。 最后，正如此前MLIV时评文章指出，随着欧洲市场开盘，中东局势升级对更广泛市场的影响有限。然而，这反而为看好美元提供了另一个理由。 责任编辑：江学思

Meta CEO Mark Zuckerberg Just Delivered Fantastic News for Investors The Motley Fool Meta Platforms: This Neocloud Pivot Could Be A Game Changer (NASDAQ:META) Seeking Alpha Meta’s Cloud Play Will Spice Up Ambani-Adani Rivalry Bloomberg.com

韩国股市正面临今年以来最严峻的考验，基准指数KOSPI从历史高点下跌20%，进入技术性熊市门槛，监管层召开紧急会议，警告半导体板块过度集中已成为放大市场波动的核心风险。 据路透社报道，韩国财政部长具润哲于周三召集央行行长及各金融监管机构负责人举行会议，会后声明称，外资与机构投资者的获利了结、投资组合再平衡，以及全球AI板块预期的转变，共同推高了市场波动。声明措辞直接点名半导体板块集中度问题， 称"半导体板块集中度上升已成为市场波动的推手，芯片板块波动对整体股市的冲击正在加剧"。 韩国KOSPI指数收盘下跌5.3%，创5月20日来最低收盘位，6月触及纪录收盘高位后下跌逾20%，已进入技术性熊市。SK海力士盘中最大跌幅达5%，三星电子跌幅一度高达6.9%。值得注意的是，三星电子本周早些时候刚刚公布季度利润同比暴增19倍，但股价依然承压，显示市场对AI投资可持续性的疑虑已压过基本面利好。 从年度最强到逼近熊市 韩国股市今年曾是全球表现最亮眼的市场。KOSPI从年初至6月22日历史高点累计涨幅约达116%，年内涨幅至今仍约为73%，依然位居全球主要基准指数前列。 然而，这一涨势高度依赖三星电子与SK海力士两家芯片巨头，使得市场在AI情绪逆转时格外脆弱 。过去数周，KOSPI随着投资者对每一条AI行业动态的解读而剧烈震荡，市场试图评估这轮涨势能否持续。 Fidelity International投资组合经理Ian Samson对表示，"大量波动来自基本面的不确定性。我们确实看到AI驱动的各类半导体需求强劲，但这在很大程度上依赖于少数几家大型科技公司约1万亿美元的资本开支"，一旦这一芯片支出规模被证明难以为继，下行风险将随之显现。 杠杆ETF成为波动放大器 监管层的担忧不仅指向半导体板块本身，还集中于近期快速扩张的单一股票杠杆ETF产品。 韩国金融监督院周二表示，将监测与芯片股挂钩的单一股票杠杆ETF对市场的影响，并在必要时审查资产管理公司的营销行为。韩国央行则于周日发出警告，称单一股票杠杆ETF可能放大单边交易、加剧特定股票的集中度并加重市场波动，并表示将与相关机构协调应对相关风险。 据彭博报道，杠杆ETF在双向行情中均会放大波动幅度，已成为此轮KOSPI剧烈震荡的重要推手之一。 熔断机制频繁触发，监管压力升级 市场波动的剧烈程度已在制度层面留下印记。本周早些时候，KOSP...

韩国综合股价指数跌入熊市，较6月高点下跌23%。韩国综合股价指数收盘下跌5.3%，报7246.79点；指数连跌三个交易日，芯片、国防板块个股回落。 责任编辑：王永生

马斯克在社交平台X上发帖称，基于测试版项目中“客户给予的强烈积极反馈”，SpaceXAI将于明日向公众发布Grok 4.5。 马斯克表示，Grok 4.5是一款速度更快、成本更低的Opus级别模型。 责任编辑：江学思

新西兰央行行长表示，有迹象表明经济增长出现更强劲的“反弹”，该国三年来首次上调利率以应对持续的通胀。 安娜·布雷曼——这位瑞典央行官员于去年底被任命为新西兰储备银行行长——表示，周三加息的决定反映了伊朗战争带来的价格“冲击”的持续影响与经济复苏背景之间的权衡。 在新西兰储备银行将利率上调0.25个百分点至2.5%（自2023年以来首次加息）后，她表示：“无论是从回顾还是前瞻角度看，增长反弹都显得更为强劲。这对我们来说是好事。” 布雷曼称，新数据显示，在中东冲突引发能源危机之前，经济增长就比此前认为的更强劲，这得益于农业和制造业出口以及旅游业。 她还指出，家庭信心有复苏迹象。国内支出此前一直拖累经济。 新西兰元兑美元汇率上涨0.4%，至0.57美元。 7月份的会议是布雷曼面临的首次重大考验，政策制定者需要在提高借贷成本的风险与经济复苏之间进行权衡。新西兰一直难以维持强劲增长，第一季度国内生产总值增长0.8%。 新西兰储备银行表示，预计年度总体通胀率已在6月季度达到3.9%的峰值，并预计9月季度将降至3.3%。该行的通胀目标区间为1%至3%。 新西兰储备银行还指出，石油期货价格显著低于两个月前（正值美国-以色列对伊朗战争中期）的假设水平。 该行表示，随着燃油价格下降将支持支出复苏，开始减少金融刺激措施是适当的。该行指出商业信心上升，并预计9月季度GDP将增长0.6%。 新西兰是新冠疫情后最早开始加息的国家之一，当时通胀在2021年开始飙升。 在当前周期中，新西兰采取了更为谨慎的态度，而包括澳大利亚储备银行在内的其他央行已加息以遏制日益高涨的通胀。 花旗分析师法拉兹·赛义德表示，他仍对新西兰经济的强劲程度感到担忧。 他在一份报告中写道：“我们继续认为中性利率更接近2.5%至2.75%的区间，并认为当前情况下经济可能无法承受更高的利率。” 责任编辑：李安桐

Space Exploration Technologies (NASDAQ: SPCX) , aka SpaceX, has quickly become one of the most noteworthy stocks to hit the market in some time. The rocket launch, satellite communications, and artificial intelligence (AI) company saw insatiable demand ahead of its public debut. Despite raising $85.7 billion, the offering was more than four times oversubscribed, according to reports. Put another way, demand was more than four times the available shares. It's easy to understand why. Investors are looking to get in on the ground floor of a once-in-a-generation company and ride the stock to new heights. After creating reusable rockets, SpaceX has plans to launch data centers into space, which could potentially be a game changer. One Wall Street analyst called SpaceX "one of the defining industrial infrastructure companies of the 21st century," with more than 400% potential upside, which would push its market cap to more than $10 trillion. Let's take a look to see if he's right. Continue reading

2026年7月8日6时12分和10时8分，四川省宜宾市高县连续发生2次5.0级地震，震源深度分别为8千米和6千米。水利部迅即启动水利抗震救灾调度指挥机制，及时组织专题会商，分析地震对水利工程和农村供水影响，研判震区雨水情形势，安排部署水利抗震救灾工作。水利部根据全国“水利一张图”分析，第一时间排查震区河流水情及水库、堤防、农村供水工程、水电站、水文测站、水闸、调水工程等分布情况，并及时通报四川省水利厅，督促地方水利部门立即摸排水利工程震损情况。经初步排查，暂未收到水利工程震损情况报告，震区江河水情平稳。（央视新闻）

由于投资者担忧日元持续贬值，以及一项规模达 2 万亿美元的长期支出计划会加剧日本庞大债务负担，日本借贷成本飙升至 30 年来高点。 今年日本国债遭遇大幅抛售，基准 10 年期国债收益率周三升至 2.87%，创下 1996 年以来最高水平。 投资者表示，高市早苗首相推出的为期 14 年、总额 2.3 万亿美元的支出计划相关政策，正在加剧长期国债抛售潮。部分市场人士还担忧，日本央行上月虽将利率上调至 1%，但后续加息步伐或将滞后，通胀率会突破 2% 的政策目标。 安本投资投资总监亚历克斯・埃弗雷特表示：“日本央行对进一步收紧货币政策态度谨慎、日元持续走弱，叠加市场对财政政策的顾虑，多重因素导致日本国债长端收益率承压尤为明显。” 市场对长期风险的担忧体现在 10 年期与 2 年期国债的期限利差上：4 月该利差尚不足 1 个百分点，如今已升至 1.4 个百分点。反观美国、德国等其他主要债券市场，近期同类期限利差维持平稳甚至收窄。 投资者警示，日本借贷成本大幅攀升，正给该国规模庞大的主权债务带来压力，其债务规模相当于国内生产总值（GDP）的 200% 以上。日本 30 年期国债收益率今年已突破 4%，目前徘徊在 5 月创下的 4.2% 盘中历史高点附近。 荷兰全球保险集团资产管理公司首席投资官斯蒂芬・琼斯表示：“当下市场行情反映出，日本此前是建立在资金永久零成本的预期之上，积累起全球规模最高的主权债务。” “如今市场正在彻底推翻这一预期…… 东京政府如今需要以一代人未曾见过的高成本，为过往债务再融资、为未来财政支出筹措资金。” 法国兴业 银行利率策略师斯蒂芬・斯普拉特称，研究日本经济的业内人士担忧，政府借贷成本的增速或将超过财政收入增速，进而恶化债务循环态势。 他补充道：“我们认为临界点在 10 年期国债收益率突破 3% 之后，但收益率一旦触及 3%，市场各界就会开始产生质疑。” 债券收益率与价格呈反向变动关系。 今年令基金经理们感到意外的是，日元与日本国债价格同步走低。通常情况下，受利率预期影响，二者走势呈反向。尽管近几个月日本央行多次入市托举日元，但上月日元汇率仍跌至 40 年低点。央行上月议息会议前，通胀小幅升至 1.5%。 英杰华 投资固定收益主管弗雷泽・伦迪表示：“通胀已不容忽视，政府举债规模居高不下，日本央行仍在推进货币政策正常化。多重因素叠加，使得市场多年来首次...

格隆汇7月8日｜浙商证券研报指出，兆驰股份800G光模块量产项目开工，正式切入AI算力应用广阔空间。以月产交付140万只高速光模块的规模为假设，按常规800G左右的光模块价值量，并且以常规代工毛利率来估算，兆驰如果接下来实现规模量产交付的话，其利润弹性增量会非常可观。随着2026年海外生产基地智能化改造升级落地逐渐完成，生产成本的阶段上升即将告一段落，公司传统ODM的业绩拖累有望得到改善。在关键客户的认可与扶持下，兆驰一体化布局的优势会伴随规模的提升逐渐明晰，向行业头部竞对靠拢指日可待。看好公司传统业务在下半年LED涨价的背景下逐渐复苏，高速光模块业务Q4开始逐渐起量，明年有望延续这一发展趋势，维持公司“买入”评级。

Sunlight19/iStock via Getty Images Investment Thesis I am rating NXP Semiconductor ( NXPI ) a Buy rating with a price target of $470 a share. This represents a 68% upside potential from the current price of $280.51. Figure 1: NXPI Price as of July 7th (Seeking Alpha) The foundation of my Buy rating view is built on the fact that the company is becoming something better. I say this because it is a high-quality intelligent edge semiconductor platform with exposure to software-defined vehicles, industrial automation, secure connectivity and AI-enabled processing at the edge. This is important because I believe the next phase of semiconductor demand will not only be about cloud AI chips. It will also be about pushing intelligence into cars, factories, buildings, healthcare devices, power systems and connected industrial equipment. And NXPI sits directly in that physical world. It is important to mention that NXPI's long-term framework is built around high single-digit organic revenue growth , gross margin expansion above 60%, returning 100% of excess free cash flow (FCFs) to shareholders and doubling non-GAAP EPS by 2030 and beyond. Figure 2: Future of Innovation and Long-term Value Creation (NXPI Q1 2026 Earnings Presentation) I like NXP because the business has a strong strategic position in markets where complexity is rising. I say this because cars are becoming software-defined, and on the other hand, industrial systems are becoming more automated. This means that devices need more sensing, processing, connectivity, safety and security. NXP has built a portfolio around those exact needs. And by this, I mean it sells the kind of chips that help real-world machines become smarter. Thirdly, I like the discipline in their operational model. I say this because NXP is not trying to grow at any cost. Historically, the company has shown strong operating leverage with 2020 to 2025 revenue growing at a 7.88% 5-year CAGR as shown in Figure 3. The non-GAAP gross profit has also...

天齐锂业触及跌停，成交额35.02亿元。