LongPort - 最新资讯

Fed's Daly: In Wait-and-See Mode on Interest Rates

Wallstreetcn

San Francisco Fed President Daly stated that the federal funds rate is currently slightly above the neutral level of 3% and is in a wait-and-see mode. She believes one to two interest-rate cuts may be needed in 2026, depending on oil prices and the duration of the Iran conflict. If inflation gets out of control, rates may need to rise; if the conflict ends quickly, cuts could occur

Rare "Slow Decline, Fast Rally"! US Stocks Hit New Highs in Just 11 Days After a Drop of Only 5%-10%

Wallstreetcn

A phenomenon unseen in a century! The S&P 500 fell less than 10% from its peak and returned to an all-time high within just 11 days, overturning the conventional market rule of "slow rise, sharp fall." Analysts attribute this to extremely bearish market positioning and Wall Street analysts continuously raising corporate earnings forecasts

United Microelectronics Joins Chip Price Hike Wave, Raising Prices from Second Half of 2026; Clients Have "Nowhere to Go"

Wallstreetcn

Driven by soaring costs and surging demand, the world's fourth-largest wafer foundry, United Microelectronics, announced it will raise wafer prices in the second half of 2026. UMC's client base includes major chipmakers such as Qualcomm, Intel, and MediaTek. With global capacity tight, clients have few alternatives, and the price pressure is now trickling down to end products

Intel Hires 30-Year Sales Veteran from Samsung: The Biggest Challenge in Foundry Business Is Not Technology but "Unable to Sell"

Wallstreetcn

To address weaknesses in customer resources and business development capabilities, Intel has recruited Shawn Han, a foundry sales executive with 30 years of experience from Samsung. In the foundry business, the importance of customer trust and long-term partnerships is no less than technical capability itself, and executives possessing global customer resources and sales management experience are seen as key variables for enhancing competitiveness

Global CPU Shortage Hits: Intel and AMD Processor Prices Rise 15%, PC Supply Chain Faces Severe Test

Wallstreetcn

AI enterprises are seizing CPU capacity, leaving Intel and AMD processor inventories critically low with prices generally rising 10% to 15%. Unlike the memory market's "high price but available" scenario, CPUs have fallen into a "high price but no market" dilemma, putting pressure on PC manufacturers with no signs of relief in the short term

Volvo Reveals Its Hand

Wallstreetcn

The counterattack of luxury brands

After 7 Years, the 14th 'A+H' Brokerage Firm is on the Horizon

Wallstreetcn

On April 17, Capital Securities announced it received the filing notice from the China Securities Regulatory Commission for overseas issuance and listing. If successfully listed, it is expected to become the 14th 'A+H' listed brokerage firm

Deconstructing the Business Logic of Meituan's AI Health Butler: From Emergency Medicine Purchasing to Extended Health Management

Wallstreetcn

Recently, at the Wuzhen Health Conference, Meituan Medical and Health officially launched its AI Family Health Butler, "Xiaotuan Health Butler". According to Meituan, this is a

Markets Watch Iran-US Situation; European Stocks Open Mostly Lower, Netflix Pre-Market Down 10%, Dollar Oscillates at Lows, Brent Crude Falls 0.4%

Wallstreetcn

The strong rebound in global stocks over the past three weeks has paused. S&P 500 Index Futures are flat, while Netflix shares fell nearly 10% in pre-market trading as Q1 earnings beat expectations but guidance disappointed; the company's chairman is set to step down. European stocks opened mostly lower, with the Euro Stoxx 50 dropping 0.19%. Brent crude declined 0.4% to around $99 per barrel. The dollar remained near February lows, and the 10-Year US Treasury yield held steady at 4.31%

Largest Industrial IPO in Nearly Three Decades: Madison Air Soars 18% on First Day, Riding the AI Cooling Wave

Wallstreetcn

Madison Air completed its U.S. listing on Thursday, raising $2.23 billion and setting a record for the largest industrial IPO in the U.S. in nearly thirty years, with shares surging 18% on the first day. Its core appeal lies in its data center cooling business—supplying liquid cooling, hybrid cooling, and air cooling equipment to data centers, directly tying it to the current wave of AI infrastructure development

Zhu Jiangming Aims to Dethrone Luxury Cars

Wallstreetcn

Rewriting the logic of the premium segment

AMD's Next-Gen Chips Reported to Secure Major Anthropic Order

Wallstreetcn

Amid persistent AI compute shortages, AMD's next-generation MI450 chips are rumored to have secured a major order from Anthropic, marking another top-tier client following Meta and OpenAI. The chip offers double the performance of its predecessor, directly targeting NVIDIA's Rubin platform. While solidifying its commercial footprint, AMD is also deepening supercomputing cooperation with the French government, signaling its accelerated reshaping of industry procurement dynamics amid compute scarcity

An Era Ends: Samsung Closes Orders for Legacy Memory, Accelerating Industry Shift to Next-Generation DRAM

Wallstreetcn

Samsung Electronics has officially ceased accepting new orders for LPDDR4 and LPDDR4X mobile DRAM, marking the end-of-life phase for these mainstream memory products that have been in mass production for over a decade. The relevant production lines are expected to begin conversion in the first quarter of next year, enabling Samsung to accelerate its migration toward higher-performance process nodes

Lei Jun Goes All In! 15-Hour Live Test

Wallstreetcn

Xiaomi founder Lei Jun conducted a 15-hour live stream on April 17 to test the range of the new Xiaomi SU7. The broadcast covered 1,265 kilometers with only one charging stop. During the stream, Lei Jun addressed multiple topics regarding Xiaomi's automobiles and stated that the company will not launch any vehicles priced under 100,000 yuan in the next five years. He emphasized Xiaomi Automobile's focus on product quality and safety, hoping this live event would dispel negative public sentiment and enhance understanding of Xiaomi's cars

7 Platforms Fined Nearly 3.6 Billion Yuan for Involvement in 'Ghost Food Delivery': PDD 1.522 Billion, MEITUAN 746 Million, Alibaba Group 630 Million

Wallstreetcn

On April 17, the State Administration for Market Regulation imposed administrative penalties on seven e-commerce platforms — PDD, MEITUAN, JD-SW, Taobao Flash Shopping, Douyin, Taobao, and Tmall — due to lax review of food operator qualifications and failure to prevent order transfer activities. The platforms were ordered to suspend adding new cake shops for 3 to 9 months, with total fines and confiscations amounting to 3.597 billion yuan. The legal representatives and food safety directors of the seven platforms were fined a combined 19.6874 million yuan. All platforms have since removed relevant 'ghost stores' and terminated order transfer partnerships

BABA 'Happy Oyster' Unveils Virtual World; Meituan 'Shrimp 345' Expands AI Ecosystem | Daily News Recap

Dolphin Research

0417 | Dolphin Research Focus: 🐬 Stock 1, $XIAOMI-W(01810.HK) Xiaomi Communications issued the '26 Xiaomi K1' sci-tech innovation bond for intelligent manufacturing on the SSE, sized at RMB 1 bn with a 3-year tenor and a 1.6% coupon, with the book 4.82x covered. This issuance delivers on both policy tailwinds and market confidence. The 1.6% coupon is well below AAA corporates of the same tenor, underscoring strong institutional conviction in Xiaomi's hard-tech push and its AAA credit profile...

New Shorting Tool for Private Credit Market: Wall Street Giants Launch CDS on Blackstone and Apollo

Wallstreetcn

Wall Street giants are building shorting and hedging mechanisms for the $2 trillion private credit market. JPMorgan Chase, Barclays, and other banks have begun trading credit default swap (CDS) contracts on flagship funds from Blackstone, Apollo, and others. The new instruments allow investors to bet on industry default risks or engage in arbitrage, reflecting growing market caution regarding redemption pressures and transparency issues in this sector

CTA Epic Short Covering in US Stocks: $86 Billion Purchased in One Week, Another $70 Billion Expected Next Week

Wallstreetcn

New data from Goldman Sachs reveals that quantitative CTA funds purchased $86 billion worth of US stocks over the past five trading days, marking one of the largest buy volumes in history. More remarkably, even if the market remains flat over the next five days, approximately $70 billion in 'passive' buying orders remain queued to enter. Historical backtesting shows that under similar conditions, the S&P 500 Index averaged a gain of 8.18% over three months, while institutional capital has accelerated its follow-through—this systemic buying wave may be reshaping the mid-term trajectory of US equities

iPhone Shipments in China Surge 20% in Q1; Memory Price Hikes Raise Entry Barriers for Domestic Phones, Apple and Huawei Defy the Trend

Wallstreetcn

Apple's iPhone shipments in China surged 20% year-on-year in the first quarter, posting the highest growth rate among major brands. Huawei also bucked the overall market downturn, with a slight 2% shipment increase in Q1, securing the top industry position with a 20% market share. Soaring memory chip prices have driven up overall industry costs, compounded by supply chain disruptions, putting pressure on China's smartphone market

"Short on Power, People, and Equipment": 40% of U.S. Data Centers Face Delays as AI Giants Hit by Compute Bottlenecks

Wallstreetcn

The American narrative of AI infrastructure expansion is facing harsh reality checks. Nearly 40% of data centers planned for completion this year face delays; at OpenAI's core campus in Texas with a capacity of 1.4 gigawatts, only one of six planned facilities has broken ground. Microsoft's related projects are also under pressure, with major initiatives expected to be postponed by more than three months. The convergence of power shortages, labor competition, and equipment scarcity threatens to force a comprehensive reassessment of the return timelines for over $700 billion in capital expenditures by hyperscale cloud providers

HK Stock Market Intraday: Hang Seng Index Decline Widens, Tech Sector Weakens, CIG Technology Surges 34% Intraday

LB Select

Major HK stock indices faced downward pressure and adjustment during intraday trading, with the Hang Seng Index, Hang Seng Tech Index, and HSI China Enterprises Index all retreating from recent highs. The tech sector showed notable divergence, with leaders in high-end optical communications and AI driving market sentiment. CIG Technology surged significantly intraday, boosting interest in computing power and optical modules. Overall market sentiment remained cautious as capital focused on short-term structural opportunities, with some small and mid-cap tech stocks attracting attention amid ongoing macroeconomic variables

JPMorgan: Light is good, but too expensive; downgrades Corning rating

Wallstreetcn

JPMorgan has downgraded the optical networking giant Corning to "Neutral," acknowledging that while optical networks are a core beneficiary of AI infrastructure, their year-to-date P/E ratio has surged by 50%, representing an excessive premium. Current stock prices already factor in extreme optimism regarding significant fiber price hikes; investors must anchor expectations on 2028 earnings to justify the current valuation

Capital Flows Shift to East Asian 'Tech', Indian Stocks Face Further Pressure

Wallstreetcn

AI themes reshape Asia's capital landscape, marginalizing India. According to BofA Securities' latest survey, India has become the most underweight market among Asian fund managers; Goldman Sachs simultaneously initiated a relative value trade favoring long Korea and short India. The Nifty 50 posted less than 9% gains this month, significantly lagging behind the over 15% surge in Korean and Japanese markets

Wang Yibo's Traffic Injection Boosts Trendy IP 'Xiao Ao Aoo': Can YH ENT and Dream Island Create a Hit?

Wallstreetcn

Can the trendy toy business lead the way?

Hong Kong Stock Midday Review | The Hang Seng Index and Technology Index both adjusted, while the small-cap technology and healthcare sectors surged against the trend, with Cambridge Technology rising 33% to lead the gains

LB Select

As of noon, the main indices of the Hong Kong stock market have generally retreated, with market sentiment becoming more cautious compared to the previous trading day. The technology and core asset sectors are under significant pressure, but small-cap technology and healthcare sectors are active against the trend, with Cambridge Technology and SILKWAVE INC leading the gains, showing a significant flow of funds towards high-growth tracks. On the macro level, the impact of economic recovery and international capital flows on the market ecology remains, with structural opportunities coexisting with potential risks

Reminder: Key Intraday Focus (All Times in Beijing Time)

Wallstreetcn

Key events today include: the opening of the 2026 China Humanoid Robot Ecosystem Conference (time to be announced); at 09:30, Qunhe Technology and GPIXEL begin trading on the Hong Kong Stock Exchange; at 17:00, the Eurozone February trade balance data is released and Bank of England Deputy Governor Sarah Breeden speaks in Washington, D.C.; at 20:00, Bank of England Chief Economist Huw Pill speaks in Washington, D.C.; at 23:30, San Francisco Federal Reserve President Daly speaks; at 00:15 the following day, Richmond Federal Reserve President Barkin discusses economic prospects; at 01:00 the following day, Bank of Canada Governor Macklem speaks; at 02:00 the following day, Federal Reserve Governor Waller discusses economic prospects. Starting Saturday, the Federal Reserve enters a blackout period related to its April FOMC monetary policy meeting

NFLX (Trans): FY revenue guidance already factors in potential price hikes this year

Dolphin Research

The following is Dolphin Research's transcript of $Netflix(NFLX.US) FY26 Q1 earnings call. For our earnings take, see 'Even without Warner, it still bombed — has Netflix run out of steam?'. I. Key highlights recap follows.

1) Full-year guide unchanged. For 2026, revenue growth of 12–14%, OPM at 31.5%, and ads revenue target of approx. $3bn (YoY ~2x).

2) M&A-related costs. At the start of the year, mgmt. estimated $275mn, incl. the InterPositive acquisition and the Warner Bros. deal...

TSMC's Advanced Packaging Roadmap Shifts: CoWoS 'Longer Life Cycle', Next-Gen CoPoS 'Earliest Q4 2030'

Wallstreetcn

TSMC's advanced packaging technology roadmap has undergone significant adjustments, with CoPoS mass production delayed to Q4 2030, approximately two years later than originally expected. Consequently, the strategic importance of CoWoS has risen, and its life cycle is significantly extended. This change will impact investment logic across the semiconductor packaging supply chain; while related suppliers face risks, equipment and material suppliers benefiting from CoWoS and SoIC capacity expansion are expected to maintain order visibility. Technical bottlenecks are the primary reason for the CoPoS delay