Indonesia tightened rules on dollar purchases to defend the rupiah after it weakened to a record low. Cash purchases of foreign currency without supporting documents will be limited further to $25,000 from $50,000 to support rupiah stabilization measures, Bank Indonesia Governor Perry Warjiyo said at a briefing in Jakarta late Tuesday. The rupiah is undervalued and should strengthen, the governor said at a joint briefing with ministers after meeting President Prabowo Subianto. Bank Indonesia also intervened in the market yesterday as the currency fell to 17,443 per dollar, an all-time low. Asian central banks are under pressure to boost their currency defense, particularly those most vulnerable to the surge in oil prices following the Iran war. In India, the central bank is weighing a plan for state-owned lenders to sell foreign-currency bonds to draw capital inflows. Indonesia Intervenes in Markets as Rupiah Sets New Record Low India’s RBI Mulls New Move Using Foreign Bonds to Prop Up Rupee

格隆汇5月6日｜韩国KOSPI指数突破7300点，日内涨5.28%。

韩国综合股价指数（KOSPI）开盘上涨2.2%，至7093.01点。韩国综合股价指数首次突破7000点。日本市场今日休市。 责任编辑：王永生

格隆汇5月6日｜日本股市今日休市。

Wirestock/iStock Editorial via Getty Images Shares of Apple Inc. ( AAPL ) have gained 8.8% since my last report amid a broader recovery on the financial markets and Apple posting record revenues with double-digit revenue growth in all markets. In

Wirestock/iStock Editorial via Getty Images Shares of Apple Inc. ( AAPL ) have gained 8.8% since my last report amid a broader recovery on the financial markets and Apple posting record revenues with double-digit revenue growth in all markets. In this report, I discuss the company’s Q2 2026 earnings and update my price target for Apple in support of my continued Buy rating but also highlight some margin risks for the tech giant. Apple Sales Growth Carried By iPhone And Services Apple reported second-quarter sales of $111.2 billion, exceeding analysts’ expectations by $1.6 billion, while earnings per share of $2.01 exceeded expectations by $0.07. Apple sales by product (The Aerospace Forum) For those that have been following my coverage of Apple, you are probably aware that the company’s choice to alter the aesthetics of the products to drive refresh cycles rather than strong and meaningful updates to their iPhones is something that I am not a big fan of. At the same time, this product strategy is working extremely well for Apple. iPhone sales grew nearly 22% to $57 billion, driven by higher volumes and a mix that is leaning towards the higher-tier iPhone models. Sales in other product categories were more moderate, with Mac sales growing 5.7% to $8.4 billion, iPad sales growing 8% to $6.9 billion, and wearable sales growing 5% to $7.9 billion. Services growth remained robust with 16.3% sales growth to $31 billion. This marked a 16.6% increase in total sales, with most growth recorded in iPhone and services. Sales bridge for Apple (The Aerospace Forum) Just like in the sales bridge diagram that I provided in my prior quarterly analysis on Apple, we see that growth was carried by growing iPhone and services sales. A difference, however, is that all product groups showed some growth. Apple Q2 2026 earnings (Apple (10-Q Filing)) While sales grew 16.6%, gross profit increased 22.1% to $54.8 billion, reflecting strong operating leverage. Gross margins expanded from 47.1% ...

三星股价上涨9.5%，市值突破1万亿美元，受益于内存芯片热潮。

Strikes came hours before deadline for Kyiv ceasefire proposal and were one of the worst wave of attacks this year. What we know on day 1,533 The death toll from Russian attacks throughout eastern Ukraine rose to at least 27 people on Tuesday, in one of the worst round of strikes so far this year . The deadly strikes came just hours before the deadline for a proposal from Kyiv for an open-ended ceasefire to begin at midnight. Ukrainian foreign minister Andrii Sybiha, writing in English on X, said: “With mere hours until Ukraine’s ceasefire proposal comes into force, Russia shows no signs of preparing to end hostilities. On the contrary, Moscow intensifies terror.” In the south-eastern city of Zaporizhzhia, an attack by aerial bombs and drones killed at least 12 people , regional governor Ivan Fedorov said on Telegram. Three aerial bombs dropped on the frontline city of Kramatorsk killed six people, prosecutors in eastern Donetsk Region said on Telegram. In Dnipro, in south-eastern Ukraine, a Russian attack killed four, while a Russian overnight strike on the gas production facilities in the Poltava region killed five people, including one person in the neighbouring Kharkiv region. Russia announced a ceasefire for 8-9 May to coincide with commemorations of the Soviet Union’s victory over Nazi Germany in the second world war and a military parade in Moscow’s Red Square. Ukraine , in response, announced a proposal for an open-ended ceasefire starting at midnight on Wednesday (2100 GMT), urging Russia to reciprocate. Meanwhile a Ukrainian drone attack in Russian-occupied Crimea killed five civilians , the region’s Moscow-installed authorities said on Wednesday. “Unfortunately, as a result of the enemy UAV strike on Dzhankoi, there are civilian casualties – five people have been killed,” said Sergey Aksyonov, the region’s head. The Venice Biennale has begun previewing its 61st edition , just days after the contemporary art show’s jury resigned over the participation of I...

韩国综指涨幅扩大至5%，现报7285.34点。

AMD Earnings Call: Server CPU Market Growth to Exceed 35%, CPU Share Ratio to Reach 1:1, with Anticipated Second-Half Shipments of Meta Chips Moomoo

智能体AI引爆需求，AMD预期服务器CPU市场翻倍。 5月5日美股盘后，AMD公布2026财年第一季度业绩，营收达创纪录的103亿美元，同比增长38%，超出指引上限。毛利率升至55%，EPS同比增长43%至1.37美元，自由现金流翻了三倍多，达到创纪录的26亿美元。 第二季度营收预计约为112亿美元，同比增长约46%，高于市场预期。AMD董事长兼CEO苏姿丰（Lisa Su）在开场时给这组强劲的数据定下了基调： 这些结果标志着我们增长轨迹的明显拐点和我们业务的结构性转变。 数据中心现在是我们收入和盈利增长的主要驱动力。 智能体AI引爆需求，服务器CPU市场预期翻倍 市场最为关注的增量信息来自于AMD对总体潜在市场（TAM）的大幅上调。 去年11月，AMD曾预计服务器CPU市场未来三到五年的年复合增长率（CAGR）约为18%。但在本次电话会上，这一预期被直接翻倍。 AMD董事长兼CEO苏姿丰 预计服务器CPU的总潜在市场（TAM）将以每年超过35%的速度增长，到2030年将超过1200亿美元 。苏姿丰指出： 随着推理和代理式AI工作负载规模扩张，所需的CPU算力远超此前预期—— 这些任务除依赖GPU和加速器外，还需要大量CPU用于任务编排、数据移动和并行执行。 苏姿丰在电话会议上表示，公司将CPU需求来源划分为三类：通用计算、作为GPU头节点的CPU，以及服务代理式AI工作流的CPU。其中，增速最快的是第三类。 她指出，在AI基础设施部署中，CPU与GPU的比例正在从过去的1比4或1比8向接近1比1转变， 在某些高密度代理场景下，CPU数量甚至可能超过GPU。 苏姿丰表示： 以前，CPU主要作为GPU的宿主节点存在。现在，客户在规划加速器采购的同时，也在同步规划CPU的长期容量。 华尔街见闻提及 ，此前英特尔Q1电话会上，CEO陈立武也曾表示， 过去CPU与GPU的比例是1比8，现在是1比4，并且正在向1比1，甚至更好的方向发展。 这种结构性变化直接体现在了AMD订单增速上。第一季度，AMD服务器CPU营收同比大增超50%。 公司预计，第二季度服务器CPU营收的同比增速将超过70%，且这种强劲的增长势头将持续到2026年下半年乃至2027年。 数据中心AI业务加速，MI450出货下半年启动 在Instinct GPU方面，AMD披露了极具冲击力的客户进展。公司不仅与O...

Earnings Call Insights: Talen Energy (TLN) Q1 2026 Management View “In the first quarter, we delivered strong operational and financial results, including strong plant performance during the winter cold events,” said “Chief Executive Officer Mac McFarland,” while also stating “we signed a Cornerstone transaction,” “we are reaffirming

Earnings Call Insights: Workiva (WK) Q1 2026 Management View CEO Julie Iskow said Q1 reflected continued demand for Workiva’s platform, stating, “We beat the high end of our revenue guidance with 21% growth in subscription revenue and 20% growth in total revenue,” and added that “Q1

韩国综指涨幅扩大至4%，现报7249.31点。

Earnings Call Insights: Socket Mobile, Inc. (SCKT) Q1 2026 Management View CEO Kevin Mills said, "The environment we are operating in remains difficult," adding that "customer caution and delayed spending we observed through 2025 carried into the New Year." He also stated, "We recognize that

From China to Arizona: How AI and TSMC are redrawing Taiwan's economic map digitimes

SK海力士股价涨幅超9%，创下历史新高。

韩国综合股价指数（KOSPI）开盘上涨2.2%，至7093.01点。日本市场今日休市。

AMD lifts outlook as AI demand fuels data center growth digitimes

Taiwan’s reputation for tech excellence means it is a favoured alternative source for Ukrainian drone-makers Over the four years that Ukraine has been fighting to repel Russian forces from its territory, its country’s battlefields have become scarred by airstrikes, pockmarked by artillery fire, and littered with the wreckage of cheap aerial drones. The conflict has transformed the economics of modern warfare – with both sides now reliant on these unmanned aerial vehicles (UAVs) to monitor the battlefield, evade defences and strike deep into enemy territory. The fighting has so far kept Russia bogged down, trapped behind frozen frontlines, allowing Kyiv to remake the country’s industrial base to meet the needs of the war. Continue reading...

天风证券研报表示，化工行业新增产能进入释放阶段，2026年供需逆转可期。化工行业已经进入历史底部区域，供给端在行业供需调整中权重加大。“反内卷”短期内通过控制开工方式调整供需平衡促进价格回暖、盈利修复，而中长期关注关停低效产能的落实节奏，促进企业技术升级摆脱同质化竞争、加大研发创新投入转向高附加值产品；通过政策端制度安排可加快产业周期修复节奏。供需逆转：2025年政策、资本开支拐点已现；“反内卷”的提出提供了对后续行业盈利改善、长期走向更健康发展的预期。

当地时间5月4日，美国总统特朗普在白宫的一场活动中透露，早在其经营酒店业时期，就因价格和其他原因“不得不”常买中国货。 对此，网友纷纷留言称，特朗普并非被迫采购，而是出于成本控制与性价比考量。有网友直言，特朗普这番话等于承认了中国经济发展好，就连他自己也离不开中国产品。 END 监 制：刘延棠 责任编辑： 乐艳娜 责任编辑：郭建

亿万富翁投资者、桥水基金创始人瑞·达利欧（Ray Dalio）正在压缩其风险时间表。 在近期一期由Ed Elson主持的Prof G Markets播客节目《Ray Dalio: The World Order Has Unraveled》中，达利欧表示，美国正“处于部分问题爆发的边缘”，并将风险窗口指向未来大约两年，尤其是在2026年中期选举与2028年总统大选之间。 这对一位长期从宏观周期角度观察市场的投资者而言，是一个值得关注的表述变化。过去，达利欧的许多警告往往指向数年甚至十年后的长期风险；而这一次，他将关注点明显拉近。 多重风险正在汇合，标普500面临高估值考验 达利欧的核心判断是，多股力量正在大致同一时期汇聚，包括美国债务需求下降、美国债务发行上升、技术颠覆加速以及国际冲突升级。 这意味着，风险不再只是单一变量冲击，而是财政、货币、资本流动、政治治理与地缘局势之间的联动压力。 从市场表现看，当前投资者仍在为“延续性”定价。标普500ETF过去一个月上涨13%，过去一年上涨28%。与此同时，VIX波动率指数在2026年3月27日一度升至31.05，随后回落至18.81的正常区间。 这也形成了一个明显落差：达利欧所说的“两年风险倒计时”正在推进，但当前市场定价仍显得相对乐观。 财政赤字高企，美国对债市融资依赖加深 达利欧最担忧的核心问题，仍是美国联邦政府的财政状况。 他指出，美国政府每年支出约7万亿美元，财政收入约5万亿美元，意味着支出比收入高出约40%。这一缺口必须通过债券市场融资。 问题在于，这一融资需求发生在美债收益率仍处于高位之际。数据显示，截至2026年4月28日，10年期美国国债收益率约为4%，位于过去12个月区间的较高位置。 同时，10年期与2年期美债收益率利差已压缩至约1%，显示市场对短期经济前景仍保持谨慎。M2货币供应量在2026年3月1日升至22.69万亿美元，而核心PCE仍处于过去12个月的高位区间，这意味着美联储政策灵活性受到限制。 换言之，美国财政部需要持续融资，但美联储未必有足够空间通过大幅降息来为债市提供支持。 海外买家需求减弱，中国因素成为关键变量 达利欧还警告，海外投资者对美国债务的需求正在减弱。 他特别提到，中国通过长期贸易顺差积累了大量美元储备，但在地缘政治紧张和制裁风险上升的背景下，中国可能正在重新评估其对美国国债的敞...

智通财经获悉，作为 人工智能 (AI)芯片“霸主”英伟达(NVDA.US)的主要挑战者，AMD(AMD.US)周二美股盘后公布了超出预期的第一季度业绩，并提供了强劲的业绩指引。受此消息提振，截至发稿，AMD周二美股盘后大涨超14%。在财报公布前，该股今年迄今已累计上涨约66%。若周二盘后的涨势延续是周三常规交易时段，该股股价有望创下历史新高。 财报显示，AMD第一季度营收同比增长38%至103亿美元，好于分析师平均预期的98.9亿美元。在Non-GAAP会计准则下，营业利润为25.40亿美元，同比增长43%;净利润为22.65亿美元，同比增长45%。调整后每股收益为1.37美元，好于分析师平均预期的1.28美元。 按业务划分， 数据中心 业务营收同比增长57%至58亿美元，好于分析师平均预期的56.1亿美元，这主要得益于市场对AMD EPYC处理器的强劲需求以及AMD Instinct GPU出货量的持续增长。 客户端和 游戏 业务营收同比增长23%至36亿美元。其中，客户端业务营收为29亿美元，同比增长26%，主要得益于市场对AMD Ryzen处理器的强劲需求以及市场份额的持续增长;游戏业务收入为7.2亿美元，同比增长11%，主要得益于市场对AMD Radeon GPU的强劲需求，但部分被半定制业务收入的下降所抵消。 嵌入式业务部门营收同比增长6%至8.73 亿美元，原因是多个终端市场的需求增强。 AMD董事长兼首席执行官苏姿丰表示：“我们第一季度业绩表现出色，这主要得益于人工智能基础设施需求的加速增长，数据中心业务现已成为我们营收和利润增长的主要驱动力。随着推理和智能体人工智能的发展，高性能 CPU 和加速器的需求不断增长，我们看到强劲的增长势头。展望未来，随着我们扩大供应以满足需求， 服务器 业务的增长预计将显著加快。客户对MI450系列和Helios的参与度正在不断提高，主要客户的预测超出了我们最初的预期，不断增长的大规模部署项目也让我们对未来的增长轨迹有了更清晰的了解。” AMD预计，第二季度营收为112亿美元，好于分析师平均预期的105亿美元。这一乐观展望表明，该公司正在赢得人工智能计算领域最大支出客户的订单。尽管英伟达仍是人工智能芯片领域的主导供应商，但数据中心客户正越来越多地寻求替代方案——这一趋势利好AMD。该领域涉及的资金规模极为庞大。上周公布财...

With Singapore facing a global energy crisis due to the conflict in the Middle East, the “storm clouds” that Prime Minister Lawrence Wong warned of at an election rally last year now appear to be an understatement. Under the scorching midday sun at a lunchtime speech in the heart of the city, Singapore’s leader last April urged voters to re-elect his tested People’s Action Party (PAP), arguing that voting for the opposition would weaken his team’s ability to navigate coming headwinds. On top of...