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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 listing plan

2021-07-25

Faang

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2021-08-14

What talking

The U.S. infrastructure plan may change! Nine moderate Democrats "defected"

2021-07-15

No money buy already

TSMC's Q2 revenue was US $13.289 billion, net profit was US $4.798 billion

2021-07-26

Waiting fry

Concerns about the "peak growth" of U.S. stocks may ease, 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

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Why did TSMC become the king of Asian stocks?

2021-08-07

How your understand.?

2021-06-12

Gg

How dangerous is Bezos'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":2193,"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,"authorIdStr":"3558566101600142","idStr":"3558566101600142"},"themes":[],"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":2666,"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,"authorIdStr":"3558566101600142","idStr":"3558566101600142"},"themes":[],"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":2962,"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":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":[],"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":"hk","language":"zh","title":"Why did TSMC become 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, among the ten companies with the largest market value in the world, the United States held 7 seats, while China's<a href=\"https://laohu8.com/S/00700\">Tencent</a>And Ali are also on the list, becoming the only two companies in Asia 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 that time, it was a natural result for Tencent and Alibaba to enter the list. Among the top ten companies, 6 were Internet, 2 finance, 1 resource, and the only hardware company<a href=\"https://laohu8.com/S/AAPL\">Apple</a>, production is not under its own control. At that time, if a company<b>Heavy assets, heavy manufacturing, no oil at home yet</b>It is tantamount to an idiotic dream that a company can still enter the top ten.</p><p>But what I didn't expect was that just over a year later, on August 18, 2021,<a href=\"https://laohu8.com/S/TSM\">TSMC</a>With a market value of US $538 billion, it successfully surpassed Tencent and became the company with the highest market value in Asia.</p><p>What supports the market value of TSMC's Asian stock king is TSMC's revenue of US $13.29 billion in the second quarter, earning US $147 million a day.</p><p>At the same time, the global chip shortage has made TSMC's orders hard currency: Not long ago, after Apple placed a one-time order of 100 million chips, TSMC's raw material suppliers directly broke the news, and TSMC's orders have been fully loaded until 2024.</p><p><b>Behind TSMC's replacement of Tencent as the king of Asian stocks is not only the change in the market value of the two companies, but also a counterattack of hard technology manufacturing on the Internet.</b></p><p>So how did TSMC cultivate its current status as a stock king in an electronics industry with heavy assets, high labor cost investment, and extremely strong customers?</p><p>The answer lies in the three historical opportunities of 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 just been established two years ago, ushered in<a href=\"https://laohu8.com/S/SMSN.UK\">Samsung</a>Li Jianxi, the head of the family, personally poached the wall.</p><p>This time, Li Jianxi was not interested in a process leader or a technical expert, but directly focused on Zhang Zhongmou, the 58-year-old founder of TSMC.</p><p>The reason why Li Jianxi was so confident had a lot to do with the industry development background at that time: Samsung was already the overlord of many industries and the super chaebol that controlled the lifeline of South Korea;<b>The status of chip foundry in the industry at that time was actually similar to that of Foxconn, another foundry king in Taiwan, China today: the technical content was not high, and there were many competitors, all of which were located in the \"smile curve\" of value distribution in the manufacturing industry chain. bottom end</b>, do the most tiring 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>What's more,<b>At that time, chip manufacturing was still in the sub-micron stage. The IDM model of chip companies designing, manufacturing, and packaging and testing by themselves was the mainstream of the industry.</b>The world's top ten semiconductor companies that year were NEC, Toshiba, Hitachi, 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>All are typical semiconductor IDM giants.</p><p>So, why do IDMs with their own factories look for fledgling TSMC whose technology is not even as good as their own to manufacture chips?</p><p>This is a very realistic problem faced by Zhang Zhongmou, an elderly entrepreneur, after rejecting Li Jianxi's olive branch.</p><p>But soon, TSMC ushered in its first era opportunity: the rise of PC.</p><p>Around 1988, under the leadership of Intel, the global electronics industry entered the PC era from the traditional mainframe era. And<b>The focus of the global semiconductor industry has gradually shifted from traditional DRAM storage to digital chips represented by CPUs and GPUs.</b></p><p>Conventional<b>DRAM memory chips are light in design and heavy in manufacturing, so the IDM model dominates the development of the industry; For digital chips, chip manufacturing is certainly a top priority, but as the number of transistors in the chip reaches millions, the chip design investment required behind it is becoming more and more arduous. In the case of limited energy, it has become an urgent trend to separate design from manufacturing.</b></p><p><img src=\"https://static.tigerbbs.com/673230fbc935dd61c98bcb0b5390e825\" tg-width=\"767\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p>Relying on the personal friendship between Intel President Grove and Zhang Zhongmou, Intel directly dispatched engineers to TSMC, and pointed out at least 200 process improvement processes for TSMC, which had only more than 200 manufacturing processes at that time.</p><p>You know, Intel at that time was synonymous with top chip manufacturing. The 80486 chip it is developing is not only the first in the world to use the 1-micron manufacturing process, but also the first high-end chip manufacturer to break through the integration of 1 million transistors in one chip, reaching 1.2 million pioneering projects.</p><p>Being able to receive one-on-one tutoring from Intel, TSMC won the first technical ticket to the top chip foundry in one fell swoop.</p><p>Shortly after getting this ticket, in 1995, TSMC and the two-year-old company<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>It hit it off and won another important ticket in the PC era.</p><p>In the following ten years, TSMC established a relationship 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 process technology, it is technologically unique in the world. In 2004, it occupied half of the global market share.</p><p><b>However, TSMC did not expect that another storm that might subvert the industrial structure 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 in the field of PC chips, Apple came with a tsunami of smartphones. Unfortunately, the protagonist this time was not TSMC at first.</p><p>In 2007, Jobs took the first-generation iPhone and officially announced it in the midst of much attention, which was called a stunning cross-generation product. In the following years, every time a new iPhone was released, there would be a spectacle of crazy fruit powder queuing up in the early morning in front of Apple retail stores all over the world.</p><p>Behind the iPhone's seal of gods, one thing is clearly shown:<b>The era of smart phones has arrived. Only by winning Apple can we become a real chip foundry brother.</b></p><p>But anyone who knows how to do it knows that Jobs on the stage seems to be the \"God\" who released the iPhone on the surface, but fundamentally, he is just a worker of the Samsung empire on the other side of the ocean.</p><p>IHS, a market research agency, once dismantled the cost sources of previous generations of iPhones and found that in the era before dual cameras and bathroom heater cameras appeared, the former<b>The three major cost sources of several generations of iPhone are: processor, screen and storage. In an iPhone, all three items are made by Samsung.</b></p><p>The processor and storage provided by Samsung are naturally made by Samsung. However, TSMC, which produced almost half of the world's chips in the era, could only wait and see with envy.</p><p>But as a top supply chain checks and balances master, Apple will definitely not allow its competitors to control its three lifebloods at the same time.</p><p>So, on the one hand, mixing oil with Samsung Mili, on the other hand, Apple quietly connected with TSMC in 2010. In order for the two parties to cooperate more smoothly, TSMC has also set up a team composed of more than 100 cross-departmental R&D engineers.<a href=\"https://laohu8.com/S/AONE.U\">one</a>team \"team, stationed at Apple headquarters in the United States, worked together to engage in secret research and development in an attempt to completely bypass Samsung's patents.</p><p>After the initial progress of research and development, Apple immediately filed 16 infringement charges with Samsung in 2011. Samsung, on the other hand, took Apple to court, countersued Apple for infringement, and even asked the United States to ban the sale of iPhone.</p><p>Apple competes with Samsung's snipe and clam, and TSMC benefits.</p><p>Starting from Apple's A8 chip in 2014, TSMC began to manufacture most Apple chips. Since the iPhone 7 era, TSMC has completely monopolized the production of all Apple chips. The cooperation continues to this day, and Apple is still TSMC's largest customer, contributing nearly 20% of TSMC's revenue every year.</p><p>At this point, TSMC has officially confirmed its leading position in chip foundry.</p><p><b>But just working for the most powerful customers can make TSMC what it is today? As Apple's largest foundry, 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>Also the king of foundry, TSMC can stuck the throat of global customers, while Foxconn has nothing to do about Apple supporting competitors to grab business.</p><p>Behind the completely different fates, in fact, the groundwork has been laid as early as the track selection.</p><p>Represented by Foxconn<b>Electronic product assembly is essentially a low-threshold industry that can start work on the assembly line 24 hours a day as long as enough workers are gathered.</b>Therefore, as an OEM, twenty years ago, Foxconn faced the \"five tigers of Taiwanese OEM\" in Taiwan, China-Quanta, Compal, Pegatron, Wistron, and Inventec competing for business; In the past ten years, Foxconn has faced the mainland \"younger brothers\" Luxshare, Goertek, Wingtech,<a href=\"https://laohu8.com/S/002594\">BYD</a>They are frantically grabbing business in their own territory.</p><p>This low-tech content and low threshold are reflected in the financial report, which is reflected in Foxconn's gross profit that is thinner than razor blades: in the past ten years,<b>In order to maintain a gross profit that has never exceeded 10%, Foxconn moved its factory from Shenzhen to Zhengzhou, and then expanded from Zhengzhou to Vietnam... constantly moving between different depressions of labor costs.</b></p><p>In sharp contrast to this, TSMC's corresponding chip foundry is an industry that is rolling 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 will double every 18 to 24 months, the size of the corresponding transistors will continue to shrink, and the manufacture of semiconductors will become increasingly difficult.</p><p>Reflected in capital expenditures, in the process of upgrading the semiconductor industry from 8-inch to 12-inch, costs have risen sharply: the cost of an 8-inch wafer fab is as low as 100 million and as high as 1.5 billion US dollars depending on its production capacity. The cost of a new 12-inch fab is as high as US $2.5 billion to US $3 billion, which is enough to leave most competitors in the industry behind.</p><p>Different technical contents also determine different competitive landscapes.<b>The harder Foxconn works, the more competitors it has; Along the way, TSMC has dominated the world from 0.18 micron to 3 nanometers. Not only are there fewer and fewer competitors, but even the former big brothers 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 will naturally become higher and higher. Located in Taiwan, China, Foxconn has set up factories around the world, and its gross profit is less than 10%. If it is not careful, it will be contained by Apple using Wistron, Pegatron and Luxshare;</p><p>TSMC, which has insisted on only producing high-end process products in Taiwan, China for 30 years, can maintain a gross profit of about 50% all year round. However, if customers want to grab TSMC's latest production capacity, it is not enough to have money: September 2020 After TSMC was forced to cut off supply 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>The market share ranks first, and the capital threshold of the industry continues to rise; The dividend effect of technology is constantly superimposed... TSMC, which is alone in seeking defeat, has established its unshakable number one throne in the field of chip foundry.</p><p>Looking back at history, there are three major reasons why TSMC can rise to become the king of foundry: in the PC era, with half of the support of Intel and Nvidia; The mobile phone era was chosen by Apple and became an important tool to check and balance Samsung; In the following years, he sat on the wheels of Moore's Law, relying on the advantages of technology and capital, leaving many competitors far behind.</p><p>However, TSMC's transformation from the \"king of chip foundry\" to the \"king of stocks\" is still the last step: let the Internet companies whose market value ranks ahead of TSMC fall from the altar 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, on the one hand, TSMC has made a lot of money from the epic chip shortage, and its stock price has recently become the king of Asian stocks. On the other hand, looking at the traditional \"stock god\" Internet, Tencent has plummeted 45% from its highest point since the beginning of the year; Ali 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>From the king of chip foundry to the king of Asian stocks, TSMC is inseparable from its own efforts, and at the same time, it is inseparable from the process of history.</p><p>In addition to the process, it gives us a hint of enlightenment:<b>Do the hard and correct thing, and the more you persist, 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>Why did TSMC become 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\">\nWhy did TSMC become 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, among the ten companies with the largest market value in the world, the United States held 7 seats, while China's<a href=\"https://laohu8.com/S/00700\">Tencent</a>And Ali are also on the list, becoming the only two companies in Asia 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 that time, it was a natural result for Tencent and Alibaba to enter the list. Among the top ten companies, 6 were Internet, 2 finance, 1 resource, and the only hardware company<a href=\"https://laohu8.com/S/AAPL\">Apple</a>, production is not under its own control. At that time, if a company<b>Heavy assets, heavy manufacturing, no oil at home yet</b>It is tantamount to an idiotic dream that a company can still enter the top ten.</p><p>But what I didn't expect was that just over a year later, on August 18, 2021,<a href=\"https://laohu8.com/S/TSM\">TSMC</a>With a market value of US $538 billion, it successfully surpassed Tencent and became the company with the highest market value in Asia.</p><p>What supports the market value of TSMC's Asian stock king is TSMC's revenue of US $13.29 billion in the second quarter, earning US $147 million a day.</p><p>At the same time, the global chip shortage has made TSMC's orders hard currency: Not long ago, after Apple placed a one-time order of 100 million chips, TSMC's raw material suppliers directly broke the news, and TSMC's orders have been fully loaded until 2024.</p><p><b>Behind TSMC's replacement of Tencent as the king of Asian stocks is not only the change in the market value of the two companies, but also a counterattack of hard technology manufacturing on the Internet.</b></p><p>So how did TSMC cultivate its current status as a stock king in an electronics industry with heavy assets, high labor cost investment, and extremely strong customers?</p><p>The answer lies in the three historical opportunities of 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 just been established two years ago, ushered in<a href=\"https://laohu8.com/S/SMSN.UK\">Samsung</a>Li Jianxi, the head of the family, personally poached the wall.</p><p>This time, Li Jianxi was not interested in a process leader or a technical expert, but directly focused on Zhang Zhongmou, the 58-year-old founder of TSMC.</p><p>The reason why Li Jianxi was so confident had a lot to do with the industry development background at that time: Samsung was already the overlord of many industries and the super chaebol that controlled the lifeline of South Korea;<b>The status of chip foundry in the industry at that time was actually similar to that of Foxconn, another foundry king in Taiwan, China today: the technical content was not high, and there were many competitors, all of which were located in the \"smile curve\" of value distribution in the manufacturing industry chain. bottom end</b>, do the most tiring 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>What's more,<b>At that time, chip manufacturing was still in the sub-micron stage. The IDM model of chip companies designing, manufacturing, and packaging and testing by themselves was the mainstream of the industry.</b>The world's top ten semiconductor companies that year were NEC, Toshiba, Hitachi, 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>All are typical semiconductor IDM giants.</p><p>So, why do IDMs with their own factories look for fledgling TSMC whose technology is not even as good as their own to manufacture chips?</p><p>This is a very realistic problem faced by Zhang Zhongmou, an elderly entrepreneur, after rejecting Li Jianxi's olive branch.</p><p>But soon, TSMC ushered in its first era opportunity: the rise of PC.</p><p>Around 1988, under the leadership of Intel, the global electronics industry entered the PC era from the traditional mainframe era. And<b>The focus of the global semiconductor industry has gradually shifted from traditional DRAM storage to digital chips represented by CPUs and GPUs.</b></p><p>Conventional<b>DRAM memory chips are light in design and heavy in manufacturing, so the IDM model dominates the development of the industry; For digital chips, chip manufacturing is certainly a top priority, but as the number of transistors in the chip reaches millions, the chip design investment required behind it is becoming more and more arduous. In the case of limited energy, it has become an urgent trend to separate design from manufacturing.</b></p><p><img src=\"https://static.tigerbbs.com/673230fbc935dd61c98bcb0b5390e825\" tg-width=\"767\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p>Relying on the personal friendship between Intel President Grove and Zhang Zhongmou, Intel directly dispatched engineers to TSMC, and pointed out at least 200 process improvement processes for TSMC, which had only more than 200 manufacturing processes at that time.</p><p>You know, Intel at that time was synonymous with top chip manufacturing. The 80486 chip it is developing is not only the first in the world to use the 1-micron manufacturing process, but also the first high-end chip manufacturer to break through the integration of 1 million transistors in one chip, reaching 1.2 million pioneering projects.</p><p>Being able to receive one-on-one tutoring from Intel, TSMC won the first technical ticket to the top chip foundry in one fell swoop.</p><p>Shortly after getting this ticket, in 1995, TSMC and the two-year-old company<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>It hit it off and won another important ticket in the PC era.</p><p>In the following ten years, TSMC established a relationship 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 process technology, it is technologically unique in the world. In 2004, it occupied half of the global market share.</p><p><b>However, TSMC did not expect that another storm that might subvert the industrial structure 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 in the field of PC chips, Apple came with a tsunami of smartphones. Unfortunately, the protagonist this time was not TSMC at first.</p><p>In 2007, Jobs took the first-generation iPhone and officially announced it in the midst of much attention, which was called a stunning cross-generation product. In the following years, every time a new iPhone was released, there would be a spectacle of crazy fruit powder queuing up in the early morning in front of Apple retail stores all over the world.</p><p>Behind the iPhone's seal of gods, one thing is clearly shown:<b>The era of smart phones has arrived. Only by winning Apple can we become a real chip foundry brother.</b></p><p>But anyone who knows how to do it knows that Jobs on the stage seems to be the \"God\" who released the iPhone on the surface, but fundamentally, he is just a worker of the Samsung empire on the other side of the ocean.</p><p>IHS, a market research agency, once dismantled the cost sources of previous generations of iPhones and found that in the era before dual cameras and bathroom heater cameras appeared, the former<b>The three major cost sources of several generations of iPhone are: processor, screen and storage. In an iPhone, all three items are made by Samsung.</b></p><p>The processor and storage provided by Samsung are naturally made by Samsung. However, TSMC, which produced almost half of the world's chips in the era, could only wait and see with envy.</p><p>But as a top supply chain checks and balances master, Apple will definitely not allow its competitors to control its three lifebloods at the same time.</p><p>So, on the one hand, mixing oil with Samsung Mili, on the other hand, Apple quietly connected with TSMC in 2010. In order for the two parties to cooperate more smoothly, TSMC has also set up a team composed of more than 100 cross-departmental R&D engineers.<a href=\"https://laohu8.com/S/AONE.U\">one</a>team \"team, stationed at Apple headquarters in the United States, worked together to engage in secret research and development in an attempt to completely bypass Samsung's patents.</p><p>After the initial progress of research and development, Apple immediately filed 16 infringement charges with Samsung in 2011. Samsung, on the other hand, took Apple to court, countersued Apple for infringement, and even asked the United States to ban the sale of iPhone.</p><p>Apple competes with Samsung's snipe and clam, and TSMC benefits.</p><p>Starting from Apple's A8 chip in 2014, TSMC began to manufacture most Apple chips. Since the iPhone 7 era, TSMC has completely monopolized the production of all Apple chips. The cooperation continues to this day, and Apple is still TSMC's largest customer, contributing nearly 20% of TSMC's revenue every year.</p><p>At this point, TSMC has officially confirmed its leading position in chip foundry.</p><p><b>But just working for the most powerful customers can make TSMC what it is today? As Apple's largest foundry, 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>Also the king of foundry, TSMC can stuck the throat of global customers, while Foxconn has nothing to do about Apple supporting competitors to grab business.</p><p>Behind the completely different fates, in fact, the groundwork has been laid as early as the track selection.</p><p>Represented by Foxconn<b>Electronic product assembly is essentially a low-threshold industry that can start work on the assembly line 24 hours a day as long as enough workers are gathered.</b>Therefore, as an OEM, twenty years ago, Foxconn faced the \"five tigers of Taiwanese OEM\" in Taiwan, China-Quanta, Compal, Pegatron, Wistron, and Inventec competing for business; In the past ten years, Foxconn has faced the mainland \"younger brothers\" Luxshare, Goertek, Wingtech,<a href=\"https://laohu8.com/S/002594\">BYD</a>They are frantically grabbing business in their own territory.</p><p>This low-tech content and low threshold are reflected in the financial report, which is reflected in Foxconn's gross profit that is thinner than razor blades: in the past ten years,<b>In order to maintain a gross profit that has never exceeded 10%, Foxconn moved its factory from Shenzhen to Zhengzhou, and then expanded from Zhengzhou to Vietnam... constantly moving between different depressions of labor costs.</b></p><p>In sharp contrast to this, TSMC's corresponding chip foundry is an industry that is rolling 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 will double every 18 to 24 months, the size of the corresponding transistors will continue to shrink, and the manufacture of semiconductors will become increasingly difficult.</p><p>Reflected in capital expenditures, in the process of upgrading the semiconductor industry from 8-inch to 12-inch, costs have risen sharply: the cost of an 8-inch wafer fab is as low as 100 million and as high as 1.5 billion US dollars depending on its production capacity. The cost of a new 12-inch fab is as high as US $2.5 billion to US $3 billion, which is enough to leave most competitors in the industry behind.</p><p>Different technical contents also determine different competitive landscapes.<b>The harder Foxconn works, the more competitors it has; Along the way, TSMC has dominated the world from 0.18 micron to 3 nanometers. Not only are there fewer and fewer competitors, but even the former big brothers 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 will naturally become higher and higher. Located in Taiwan, China, Foxconn has set up factories around the world, and its gross profit is less than 10%. If it is not careful, it will be contained by Apple using Wistron, Pegatron and Luxshare;</p><p>TSMC, which has insisted on only producing high-end process products in Taiwan, China for 30 years, can maintain a gross profit of about 50% all year round. However, if customers want to grab TSMC's latest production capacity, it is not enough to have money: September 2020 After TSMC was forced to cut off supply 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>The market share ranks first, and the capital threshold of the industry continues to rise; The dividend effect of technology is constantly superimposed... TSMC, which is alone in seeking defeat, has established its unshakable number one throne in the field of chip foundry.</p><p>Looking back at history, there are three major reasons why TSMC can rise to become the king of foundry: in the PC era, with half of the support of Intel and Nvidia; The mobile phone era was chosen by Apple and became an important tool to check and balance Samsung; In the following years, he sat on the wheels of Moore's Law, relying on the advantages of technology and capital, leaving many competitors far behind.</p><p>However, TSMC's transformation from the \"king of chip foundry\" to the \"king of stocks\" is still the last step: let the Internet companies whose market value ranks ahead of TSMC fall from the altar 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, on the one hand, TSMC has made a lot of money from the epic chip shortage, and its stock price has recently become the king of Asian stocks. On the other hand, looking at the traditional \"stock god\" Internet, Tencent has plummeted 45% from its highest point since the beginning of the year; Ali 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>From the king of chip foundry to the king of Asian stocks, TSMC is inseparable from its own efforts, and at the same time, it is inseparable from the process of history.</p><p>In addition to the process, it gives us a hint of enlightenment:<b>Do the hard and correct thing, and the more you persist, 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":{"03145":0.9,"EWT":0.9,"TWmain":0.9,"TSM":0.9}},"isVote":1,"tweetType":1,"viewCount":2955,"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,"authorIdStr":"3558566101600142","idStr":"3558566101600142"},"themes":[],"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":"The U.S. infrastructure plan 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 in the United States jointly sent a letter to House Speaker Pelosi, threatening to have reservations about the follow-up spending plan of $3.5 trillion before the infrastructure bill passed by the two parties is officially signed into law.</p><p>\"We will not consider voting for the $3.5 trillion budget resolution until the bipartisan Infrastructure Investment and Jobs Act is passed and signed into law in the House of Representatives,\" Democrats wrote in the letter.</p><p>The moderate stance could derail Pelosi's plans to bring the budget resolution to the House for a vote in the week of Aug. 23. The slight advantage of Democrats behind Pelosi means that she can only withstand the defection of up to three members of the party in the budget plan vote. It is expected that the bill will not be supported by any Republicans in the House of Representatives.</p><p>The letter puts Pelosi once again in a rally between moderate and radical wings 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 completed the passage of the 3.5 trillion budget plan before voting on the infrastructure bill to ensure that social projects and climate change issues are prioritized. Collectively, the infrastructure package and 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 said they \"remain opposed to any unnecessary justification for delaying these critical infrastructure investments that will create well-paying jobs, keep American businesses competitive, and boost American 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>The U.S. infrastructure plan 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\">\nThe U.S. infrastructure plan 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 in the United States jointly sent a letter to House Speaker Pelosi, threatening to have reservations about the follow-up spending plan of $3.5 trillion before the infrastructure bill passed by the two parties is officially signed into law.</p><p>\"We will not consider voting for the $3.5 trillion budget resolution until the bipartisan Infrastructure Investment and Jobs Act is passed and signed into law in the House of Representatives,\" Democrats wrote in the letter.</p><p>The moderate stance could derail Pelosi's plans to bring the budget resolution to the House for a vote in the week of Aug. 23. The slight advantage of Democrats behind Pelosi means that she can only withstand the defection of up to three members of the party in the budget plan vote. It is expected that the bill will not be supported by any Republicans in the House of Representatives.</p><p>The letter puts Pelosi once again in a rally between moderate and radical wings 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 completed the passage of the 3.5 trillion budget plan before voting on the infrastructure bill to ensure that social projects and climate change issues are prioritized. Collectively, the infrastructure package and 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 said they \"remain opposed to any unnecessary justification for delaying these critical infrastructure investments that will create well-paying jobs, keep American businesses competitive, and boost American 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":3694,"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,"authorIdStr":"3558566101600142","idStr":"3558566101600142"},"themes":[],"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":"other","language":"zh","title":"Market news: ByteDance restarts listing 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 quoted sources as saying that ByteDance has restarted its listing plan and plans to list in Hong Kong in early 2022. ByteDance is currently valued at about US $180 billion. According to sources, ByteDance may submit a final guidance letter for listing in September, and it is expected that it may be listed as soon as the fourth quarter of this year or early 2022.</p><p>It is reported that ByteDance was valued at US $180 billion in a round of financing in December last year. Since last year, the company has been rumored to be considering an initial public offering plan for all or part of its business in the United States or Hong Kong, but never acknowledged.</p><p>In late March this year, ByteDance hired former Xiaomi executive Zhou Shouzi to serve as the newly established chief financial officer (CFO) position. During his tenure as CFO of Xiaomi, Zhou Shouzi helped Xiaomi complete its listing in Hong Kong.</p><p>But before hiring Zhou Shouzi, ByteDance did not have a chief financial officer. This move has been widely interpreted as ByteDance preparing for an IPO.</p><p>In addition, in mid-April this year, the media reported that ByteDance submitted an underwriter's employment letter to the Hong Kong Stock Exchange, started the listing process in Hong Kong, and will submit a listing application in the second quarter. ByteDance responded at the time: It would not comment on this.</p><p>On June 17, ByteDance counted and disclosed its financial situation on an official basis for the first time: the actual revenue in 2020 reached 236.6 billion yuan, a year-on-year increase of 111%; Operating loss was 14.7 billion yuan.</p><p>On the same day, Liang Rubo, the new CEO who succeeded Zhang Yiming, said: \"The company is getting bigger and entering a new stage. We hope to be more transparent and open internally and externally, so while updating the business progress, we will also announce our business data and financial situation to all employees, including revenue and profit.\"</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 listing 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 listing 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 quoted sources as saying that ByteDance has restarted its listing plan and plans to list in Hong Kong in early 2022. ByteDance is currently valued at about US $180 billion. According to sources, ByteDance may submit a final guidance letter for listing in September, and it is expected that it may be listed as soon as the fourth quarter of this year or early 2022.</p><p>It is reported that ByteDance was valued at US $180 billion in a round of financing in December last year. Since last year, the company has been rumored to be considering an initial public offering plan for all or part of its business in the United States or Hong Kong, but never acknowledged.</p><p>In late March this year, ByteDance hired former Xiaomi executive Zhou Shouzi to serve as the newly established chief financial officer (CFO) position. During his tenure as CFO of Xiaomi, Zhou Shouzi helped Xiaomi complete its listing in Hong Kong.</p><p>But before hiring Zhou Shouzi, ByteDance did not have a chief financial officer. This move has been widely interpreted as ByteDance preparing for an IPO.</p><p>In addition, in mid-April this year, the media reported that ByteDance submitted an underwriter's employment letter to the Hong Kong Stock Exchange, started the listing process in Hong Kong, and will submit a listing application in the second quarter. ByteDance responded at the time: It would not comment on this.</p><p>On June 17, ByteDance counted and disclosed its financial situation on an official basis for the first time: the actual revenue in 2020 reached 236.6 billion yuan, a year-on-year increase of 111%; Operating loss was 14.7 billion yuan.</p><p>On the same day, Liang Rubo, the new CEO who succeeded Zhang Yiming, said: \"The company is getting bigger and entering a new stage. We hope to be more transparent and open internally and externally, so while updating the business progress, we will also announce our business data and financial situation to all employees, including revenue and profit.\"</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":3463,"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":[],"htmlText":"How 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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 the \"peak growth\" of U.S. stocks may ease, 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 pushing back on \"growth peak\" concerns in the market, arguing 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>The group's strategists wrote in the report that widespread vaccination in the United States is supporting economic growth, and laggards such as airlines and hotels should pick up in the coming months. Tom Lee of Fundstrat Global Advisors LLC said stocks that have tumbled amid concerns about the delta variant Novel Coronavirus-such as energy stocks-are poised to rebound this week.</p><p>\"Investors are worried about the impact of the delta variant on economic growth, but this new pressure should not pose a significant market risk,\" Goldman's team wrote on Friday. The team supports \"the allocation of strategic positions in cyclical stocks at risk of pandemic exposure, as well as longer-term investments in high-quality traditional growth stocks.\"</p><p>Despite bullish comments from strategists, market risk aversion remained strong on Monday. U.S. stock futures fell as investors sought a safe haven in U.S. debt.</p><p><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Strategists also expect cyclical stocks to rebound. Fundstrat's Lee predicts a \"stronger, more general appetite for risk\" soon.</p><p>There are also some who are cautious. John Briggs, global head of strategy at Natwest Markets, said volatility surrounding economic growth concerns is likely to continue and the market will be in a new range, 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 the \"peak growth\" of U.S. stocks may ease, 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 the \"peak growth\" of U.S. stocks may ease, 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 pushing back on \"growth peak\" concerns in the market, arguing 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>The group's strategists wrote in the report that widespread vaccination in the United States is supporting economic growth, and laggards such as airlines and hotels should pick up in the coming months. Tom Lee of Fundstrat Global Advisors LLC said stocks that have tumbled amid concerns about the delta variant Novel Coronavirus-such as energy stocks-are poised to rebound this week.</p><p>\"Investors are worried about the impact of the delta variant on economic growth, but this new pressure should not pose a significant market risk,\" Goldman's team wrote on Friday. The team supports \"the allocation of strategic positions in cyclical stocks at risk of pandemic exposure, as well as longer-term investments in high-quality traditional growth stocks.\"</p><p>Despite bullish comments from strategists, market risk aversion remained strong on Monday. U.S. stock futures fell as investors sought a safe haven in U.S. debt.</p><p><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Strategists also expect cyclical stocks to rebound. Fundstrat's Lee predicts a \"stronger, more general appetite for risk\" soon.</p><p>There are also some who are cautious. John Briggs, global head of strategy at Natwest Markets, said volatility surrounding economic growth concerns is likely to continue and the market will be in a new range, 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":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"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":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1119,"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,"authorIdStr":"3558566101600142","idStr":"3558566101600142"},"themes":[],"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":853,"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,"authorIdStr":"3558566101600142","idStr":"3558566101600142"},"themes":[],"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":1024,"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":178685797,"gmtCreate":1626817750119,"gmtModify":1703765611076,"author":{"id":"3558566101600142","authorId":"3558566101600142","name":"KenCheng","avatar":"https://static.tigerbbs.com/02fdd19f114098870a0ee6a120507fbe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558566101600142","idStr":"3558566101600142"},"themes":[],"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":1390,"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,"authorIdStr":"3558566101600142","idStr":"3558566101600142"},"themes":[],"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":"us","language":"zh","title":"TSMC's Q2 revenue was US $13.289 billion, net profit was US $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>July 15,<a href=\"https://laohu8.com/S/TSM\">TSMC</a>Released its second quarter 2021 financial report. The financial report shows that revenue in the second quarter was US $13.289 billion, market expectations were US $13.167 billion, and US $10.385 billion in the same period last year; Net profit in the second quarter was US $4.798 billion, market expectations were US $4.831 billion, and US $4.038 billion in the same period last year; Earnings per ADS were $0.39 in the second quarter, compared with $0.78 in the year-ago quarter.</p><p>The gross profit margin in the second quarter was 50%, and the market expected 50.9%; In the second quarter, 7nm process revenue accounted for 31%, and 5nm process revenue accounted for 18%.</p><p>By platform, in the second quarter, smartphone business revenue accounted for 42%, high-performance computing platforms accounted for 39%, Internet of Things devices accounted for 8%, and automobiles and data circuit terminals accounted for 4% respectively.</p><p>Year-to-date capital expenditures are approximately US $14.81 billion.</p><p>Based on the Company's current business prospects, management expects the overall results to be as follows:</p><p>Third-quarter revenue is expected to be US $14.6 billion-14.9 billion; The gross profit margin in the third quarter is expected to be 49.5%-51.5%, compared with the previous expectation of 51.5%; U.S. dollar-denominated revenue is expected to increase by more than 20% in 2021; The shortage of automotive chips will be further alleviated this quarter; Automotive MCU production is expected to grow by nearly 60% year-on-year.</p><p>TSMC said at the performance meeting: Taiwan will remain our R&D center, and we will still produce advanced process chips in Taiwan; Plans to produce 5nm chips at the Arizona factory in the first quarter of 2024; There are currently no plans for scale expansion in Arizona; Production will be expanded at the wafer factory 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's Q2 revenue was US $13.289 billion, net profit was US $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's Q2 revenue was US $13.289 billion, net profit was US $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>July 15,<a href=\"https://laohu8.com/S/TSM\">TSMC</a>Released its second quarter 2021 financial report. The financial report shows that revenue in the second quarter was US $13.289 billion, market expectations were US $13.167 billion, and US $10.385 billion in the same period last year; Net profit in the second quarter was US $4.798 billion, market expectations were US $4.831 billion, and US $4.038 billion in the same period last year; Earnings per ADS were $0.39 in the second quarter, compared with $0.78 in the year-ago quarter.</p><p>The gross profit margin in the second quarter was 50%, and the market expected 50.9%; In the second quarter, 7nm process revenue accounted for 31%, and 5nm process revenue accounted for 18%.</p><p>By platform, in the second quarter, smartphone business revenue accounted for 42%, high-performance computing platforms accounted for 39%, Internet of Things devices accounted for 8%, and automobiles and data circuit terminals accounted for 4% respectively.</p><p>Year-to-date capital expenditures are approximately US $14.81 billion.</p><p>Based on the Company's current business prospects, management expects the overall results to be as follows:</p><p>Third-quarter revenue is expected to be US $14.6 billion-14.9 billion; The gross profit margin in the third quarter is expected to be 49.5%-51.5%, compared with the previous expectation of 51.5%; U.S. dollar-denominated revenue is expected to increase by more than 20% in 2021; The shortage of automotive chips will be further alleviated this quarter; Automotive MCU production is expected to grow by nearly 60% year-on-year.</p><p>TSMC said at the performance meeting: Taiwan will remain our R&D center, and we will still produce advanced process chips in Taiwan; Plans to produce 5nm chips at the Arizona factory in the first quarter of 2024; There are currently no plans for scale expansion in Arizona; Production will be expanded at the wafer factory 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":1144,"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,"authorIdStr":"3558566101600142","idStr":"3558566101600142"},"themes":[],"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":1077,"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,"authorIdStr":"3558566101600142","idStr":"3558566101600142"},"themes":[],"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'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>News on June 11,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Jeff Bezos, the founder, can travel around the globe on a private jet or sail around the world on a mega yacht; He could buy the entire NFL, or he could buy an archipelago for his relatives and friends. He can also buy 65,000 Bugatti Chirons sports cars starting at $2.9 million. As one of the richest people in the world, Bezos can get anything on the planet. But Bezos seems ready to risk everything with 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's space journey, as Blue Origin, the space company he funded, 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 space flight aboard this rocket.</p><p>However, the space flight conducted by Bezos and his brother Mark Bezos will be the first manned flight test of the New Shepard rocket, and it is not completely risk-free.</p><p>What will Bezos's first space flight look like? How risky is it for people to go into space now?</p><p><h2><b>What is Bezos' space journey like?</b></h2>When most people think of space flight, they think of astronauts flying around the earth and spending at least a few days in space.</p><p>The Bezos brothers and other passengers won't do this.</p><p>They will go and go back quickly, and it takes less time than most people spend on their way to work, only about 11 minutes in total.</p><p>Suborbital flight is quite different from the orbital flight that most of us think of when we refer to space flight. Blue Origin's New Shepard rocket has a short flight time, and it goes 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>The orbital rocket needs to obtain enough thrust to reach a speed of at least 27,000 kilometers per hour, which is what we call orbital speed. Essentially, it allows the spacecraft to have enough energy to continue to rotate around the earth, instead of being immediately pulled back by gravity. ground.</p><p>Suborbital flight requires much less thrust and speed. This means a shorter burn time for the rocket, lower temperatures and pressures on the outside of the spacecraft, and less likely to occur serious errors in general.</p><p>The suborbital flight speed of the New Shepard rocket is about three times the speed of sound, about 3,700 kilometers per hour. The rocket will go all the way up vertically until most of the fuel is consumed. The crew module will separate from the rocket at the highest point of the orbit and continue to ascend for a short segment. Then, the crew module will briefly run at the highest segment of the orbit, allowing passengers to experience weightlessness for a few minutes.</p><p>After that, the crew module of New Shepard will open a large number of parachutes during the descent, reducing the landing speed to less than 32 kilometers per hour.</p><p>The rocket booster will reignite the engine and accurately complete the vertical landing using the onboard computer. The booster landing looks similar to SpaceX's Falcon 9 rocket, although the latter of course has much more thrust and is more likely to explode on impact.</p><p><h2><b>How risky is this kind of space flight?</b></h2>Blue Origin's New Shepard rocket crew module is fully automated and does not require flight controllers. It has conducted 15 flight tests and has never had an explosion accident. Compared with ambitious space travel, the nature of Bezos' space flight means that it is low risk in itself, but it doesn't mean that it is zero risk.</p><p><img src=\"https://static.tigerbbs.com/614a8ab2cf54dc3204b9f7dfb54ab8d0\" tg-width=\"1000\" tg-height=\"563\" referrerpolicy=\"no-referrer\"></p><p>Since suborbital flight doesn't require that fast speed and doesn't need to re-enter the Earth's atmosphere at incredible speeds, it is much less risky than orbital flight. During the return of the orbiting space capsule to Earth, the external temperature of the spacecraft can reach nearly 2,000 degrees Celsius, and astronauts once had to withstand the acceleration of 4.5 G. At the same time, the thickening atmosphere put increasing pressure on the spacecraft.</p><p>Both high speeds and high altitudes have inherent risks, and even small mistakes can have serious consequences. At an altitude of more than 15,000 meters, people can't survive without wearing spacesuits, while Bezos will fly to an altitude of 100 kilometers above the ground. But the capsule he was in was pressurized, so he didn't need a suit to keep himself safe, and if the cabin lost pressure, Bezos could use an oxygen mask. The New Shepard rocket is also equipped with an abort system to push the crew compartment and passengers away from the rocket in an emergency. The crew cabin also has a backup safety function, which allows the crew cabin to land safely even if several parachutes cannot be opened.</p><p>Even so, if the New Shepard rocket fails, there is no way to absolutely guarantee safety.</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 one of the co-pilots of the aircraft prematurely activated the plume system used to keep the vehicle stable during the descent phase. The sudden increase in drag tore the aircraft to pieces, killing one pilot.</p><p>Since then, Virgin Galactic has conducted three successful test flights of the improved version of the \"SpaceShip-2\" aircraft. Blue Origin hasn't encountered a similar accident during the testing phase. But as it has been said in the industry for a long time, getting into space is really difficult.</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'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'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>News on June 11,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Jeff Bezos, the founder, can travel around the globe on a private jet or sail around the world on a mega yacht; He could buy the entire NFL, or he could buy an archipelago for his relatives and friends. He can also buy 65,000 Bugatti Chirons sports cars starting at $2.9 million. As one of the richest people in the world, Bezos can get anything on the planet. But Bezos seems ready to risk everything with 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's space journey, as Blue Origin, the space company he funded, 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 space flight aboard this rocket.</p><p>However, the space flight conducted by Bezos and his brother Mark Bezos will be the first manned flight test of the New Shepard rocket, and it is not completely risk-free.</p><p>What will Bezos's first space flight look like? How risky is it for people to go into space now?</p><p><h2><b>What is Bezos' space journey like?</b></h2>When most people think of space flight, they think of astronauts flying around the earth and spending at least a few days in space.</p><p>The Bezos brothers and other passengers won't do this.</p><p>They will go and go back quickly, and it takes less time than most people spend on their way to work, only about 11 minutes in total.</p><p>Suborbital flight is quite different from the orbital flight that most of us think of when we refer to space flight. Blue Origin's New Shepard rocket has a short flight time, and it goes 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>The orbital rocket needs to obtain enough thrust to reach a speed of at least 27,000 kilometers per hour, which is what we call orbital speed. Essentially, it allows the spacecraft to have enough energy to continue to rotate around the earth, instead of being immediately pulled back by gravity. ground.</p><p>Suborbital flight requires much less thrust and speed. This means a shorter burn time for the rocket, lower temperatures and pressures on the outside of the spacecraft, and less likely to occur serious errors in general.</p><p>The suborbital flight speed of the New Shepard rocket is about three times the speed of sound, about 3,700 kilometers per hour. The rocket will go all the way up vertically until most of the fuel is consumed. The crew module will separate from the rocket at the highest point of the orbit and continue to ascend for a short segment. Then, the crew module will briefly run at the highest segment of the orbit, allowing passengers to experience weightlessness for a few minutes.</p><p>After that, the crew module of New Shepard will open a large number of parachutes during the descent, reducing the landing speed to less than 32 kilometers per hour.</p><p>The rocket booster will reignite the engine and accurately complete the vertical landing using the onboard computer. The booster landing looks similar to SpaceX's Falcon 9 rocket, although the latter of course has much more thrust and is more likely to explode on impact.</p><p><h2><b>How risky is this kind of space flight?</b></h2>Blue Origin's New Shepard rocket crew module is fully automated and does not require flight controllers. It has conducted 15 flight tests and has never had an explosion accident. Compared with ambitious space travel, the nature of Bezos' space flight means that it is low risk in itself, but it doesn't mean that it is zero risk.</p><p><img src=\"https://static.tigerbbs.com/614a8ab2cf54dc3204b9f7dfb54ab8d0\" tg-width=\"1000\" tg-height=\"563\" referrerpolicy=\"no-referrer\"></p><p>Since suborbital flight doesn't require that fast speed and doesn't need to re-enter the Earth's atmosphere at incredible speeds, it is much less risky than orbital flight. During the return of the orbiting space capsule to Earth, the external temperature of the spacecraft can reach nearly 2,000 degrees Celsius, and astronauts once had to withstand the acceleration of 4.5 G. At the same time, the thickening atmosphere put increasing pressure on the spacecraft.</p><p>Both high speeds and high altitudes have inherent risks, and even small mistakes can have serious consequences. At an altitude of more than 15,000 meters, people can't survive without wearing spacesuits, while Bezos will fly to an altitude of 100 kilometers above the ground. But the capsule he was in was pressurized, so he didn't need a suit to keep himself safe, and if the cabin lost pressure, Bezos could use an oxygen mask. The New Shepard rocket is also equipped with an abort system to push the crew compartment and passengers away from the rocket in an emergency. The crew cabin also has a backup safety function, which allows the crew cabin to land safely even if several parachutes cannot be opened.</p><p>Even so, if the New Shepard rocket fails, there is no way to absolutely guarantee safety.</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 one of the co-pilots of the aircraft prematurely activated the plume system used to keep the vehicle stable during the descent phase. The sudden increase in drag tore the aircraft to pieces, killing one pilot.</p><p>Since then, Virgin Galactic has conducted three successful test flights of the improved version of the \"SpaceShip-2\" aircraft. Blue Origin hasn't encountered a similar accident during the testing phase. But as it has been said in the industry for a long time, getting into space is really difficult.</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":1241,"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,"authorIdStr":"3558566101600142","idStr":"3558566101600142"},"themes":[],"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":"[Change] The retailer sector rose, Macy's rose more than 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. stock retailer sector rose during the session.<a href=\"https://laohu8.com/S/M\">Macy's</a>Rose more than 7%,<a href=\"https://laohu8.com/S/DDS\">Dile Department Store</a>、<a href=\"https://laohu8.com/S/JWN\">Nordstrom</a>Up more than 2%. According to transaction data, a total of 380,000 shares were bought in Macy's not long ago.</p><p>On June 7, Macy's announced its financial report. The announcement showed that the company's net profit attributable to ordinary shareholders of the parent company in the first fiscal quarter of fiscal year 2022 was US $103 million, a year-on-year increase of 102.88%; Operating income was US $4.865 billion, a year-on-year increase of 54.54%.</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>[Change] The retailer sector rose, Macy's rose more than 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[Change] The retailer sector rose, Macy's rose more than 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. stock retailer sector rose during the session.<a href=\"https://laohu8.com/S/M\">Macy's</a>Rose more than 7%,<a href=\"https://laohu8.com/S/DDS\">Dile Department Store</a>、<a href=\"https://laohu8.com/S/JWN\">Nordstrom</a>Up more than 2%. According to transaction data, a total of 380,000 shares were bought in Macy's not long ago.</p><p>On June 7, Macy's announced its financial report. The announcement showed that the company's net profit attributable to ordinary shareholders of the parent company in the first fiscal quarter of fiscal year 2022 was US $103 million, a year-on-year increase of 102.88%; Operating income was US $4.865 billion, a year-on-year increase of 54.54%.</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":1100,"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":[],"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>At present, the market is discussing whether the U.S. stock market is \"over-prosperous\", and some investors are worried that the U.S. stock market may undergo large-scale adjustments due to changes in the Federal Reserve's policy.</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 shows that the traditional stock market proverb of \"sell in May\" is not true, and there is a high probability that U.S. stocks will experience a summer rise.</p><p><h2>The stock market proverb of \"sell in May\" doesn't hold true</h2>Bank of America said that monthly data since 1928 showed that the traditional \"sell in May\" strategy did not hold, and the S&P 500 index had a high probability of experiencing a summer rise.</p><p><b>From a monthly perspective, although the return rate in May is negative, it is an excellent periodic monthly buying point</b>: The average return in June is about 0.77%; The average return in July was 1.58%, the highest in the whole year; August returns were also pretty 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 Market\" also confirms the law of the summer market of US stocks.</p><p><b>Statistics show that in the first year after the new US president takes office, the large-scale rebound of US stocks is usually concentrated in July-August</b>: The related rise probability in July reached 65%, and the historical average return reached 2.28%. September-October is a relatively weak month.</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 shows the summer rising pattern</h2>From a cross-month perspective, Bank of America statistics show that June-August is the second best three months in the whole year, with a related rising probability of 65% and an average return rate of 3.18%; The weakest 3 months of 1 year are August to October, with a 55% probability of rise, 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-October are the weakest three months of the year.<b>This means that there is a risk of an autumn correction in U.S. stocks.</b><img src=\"https://static.tigerbbs.com/9b56d223976b66649f0adb71a21b3cce\" tg-width=\"1106\" tg-height=\"802\" referrerpolicy=\"no-referrer\"></p><p><h2>Higher returns in the first 10 trading days of the month</h2>In terms of short-term trading, monthly data since 1928 show that,<b>Market performance in the first 10 trading days of a single month tends to be stronger than in the last 10 trading days (except 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 rules are most obvious.</b>The average probability of rising in the first 10 trading days of June is 59%, with an average return of 0.71%, and the probability of rising in the last 10 trading days is 47%, with an average return of-0.01%. The probability of rising in the first 10 trading days of July is 68%, with an average return of 1.53%, and the probability of rising 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>U.S. stock rebound may continue</h2>Bank of America emphasized that the Bloomberg U.S. Financial Conditions Index is currently breaking through a new high, and this is precisely the leading indicator for the S&P 500 to break through a new high. This may suggest 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 this indicator continues to rise, the S&P 500 index 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>At present, the market is discussing whether the U.S. stock market is \"over-prosperous\", and some investors are worried that the U.S. stock market may undergo large-scale adjustments due to changes in the Federal Reserve's policy.</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 shows that the traditional stock market proverb of \"sell in May\" is not true, and there is a high probability that U.S. stocks will experience a summer rise.</p><p><h2>The stock market proverb of \"sell in May\" doesn't hold true</h2>Bank of America said that monthly data since 1928 showed that the traditional \"sell in May\" strategy did not hold, and the S&P 500 index had a high probability of experiencing a summer rise.</p><p><b>From a monthly perspective, although the return rate in May is negative, it is an excellent periodic monthly buying point</b>: The average return in June is about 0.77%; The average return in July was 1.58%, the highest in the whole year; August returns were also pretty 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 Market\" also confirms the law of the summer market of US stocks.</p><p><b>Statistics show that in the first year after the new US president takes office, the large-scale rebound of US stocks is usually concentrated in July-August</b>: The related rise probability in July reached 65%, and the historical average return reached 2.28%. September-October is a relatively weak month.</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 shows the summer rising pattern</h2>From a cross-month perspective, Bank of America statistics show that June-August is the second best three months in the whole year, with a related rising probability of 65% and an average return rate of 3.18%; The weakest 3 months of 1 year are August to October, with a 55% probability of rise, 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-October are the weakest three months of the year.<b>This means that there is a risk of an autumn correction in U.S. stocks.</b><img src=\"https://static.tigerbbs.com/9b56d223976b66649f0adb71a21b3cce\" tg-width=\"1106\" tg-height=\"802\" referrerpolicy=\"no-referrer\"></p><p><h2>Higher returns in the first 10 trading days of the month</h2>In terms of short-term trading, monthly data since 1928 show that,<b>Market performance in the first 10 trading days of a single month tends to be stronger than in the last 10 trading days (except 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 rules are most obvious.</b>The average probability of rising in the first 10 trading days of June is 59%, with an average return of 0.71%, and the probability of rising in the last 10 trading days is 47%, with an average return of-0.01%. The probability of rising in the first 10 trading days of July is 68%, with an average return of 1.53%, and the probability of rising 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>U.S. stock rebound may continue</h2>Bank of America emphasized that the Bloomberg U.S. Financial Conditions Index is currently breaking through a new high, and this is precisely the leading indicator for the S&P 500 to break through a new high. This may suggest 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 this indicator continues to rise, the S&P 500 index 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":850,"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,"authorIdStr":"3558566101600142","idStr":"3558566101600142"},"themes":[],"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 14 (Wednesday), the three major U.S. stock index futures collectively rose during the pre-market session. Today, the first batch of U.S. bank stock financial reports were released; In addition, Federal Reserve Chairman Jerome Powell will speak at the Economic Club of New York at 24:00 Beijing time (12:00 p.m. EST), but it 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 market]</b></p><p><b>Popular Chinese concept stocks</b></p><p><a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>It rose 2.68% before the market. XPeng Motor today officially launched its third new model-XPeng Motor P5. The international version of XPeng P5 will be developed and sold to Norway, the European Union and other countries. 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\">JD.com</a>It rose 1.08% before the market.<a href=\"https://laohu8.com/S/C\">Citigroup</a>Will<a href=\"https://laohu8.com/S/JD\">JD.com</a>The target price 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% before the market. TSMC's wafer 14P7 factory in the Southern Science Park suffered an unexpected power outage. It has now relied on diesel generators to restore power and cooperated with Taipower to restore normal power supply. The actual impact needs to be further clarified.</p><p><b>Important US 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% before the market, Wells Fargo rose 0.38% before the market, and JPMorgan Chase fell 0.51% before the market.</p><p>Bitcoin's price rate hit a record high, and Bit Digital rose by more than 24%.<a href=\"https://laohu8.com/S/CAN\">Canaan Technology</a>Rose nearly 9%,<a href=\"https://laohu8.com/S/EBON\">Ebang International</a>Up more than 6%,<a href=\"https://laohu8.com/S/SINO\">China Global Shipping</a>、<a href=\"https://laohu8.com/S/NCTY\">The ninth city</a>, Riot Blockchain rose more than 5%, Bit Mining, Marathon Digital rose more than 3%.<b>Coinbase, the \"first share of cryptocurrency trading platform\", will be listed on Nasdaq tonight.</b></p><p>Moderna rose 2.87% before the market, after saying that COVID-19 vaccine's effective rate still reached 90% six months after vaccination. In addition, the interim phase 1 data of the RSV vaccine showed positive results. The first phase of its MRNA influenza vaccine research and HIV MRNA vaccine research are expected to begin in 2021.</p><p><a href=\"https://laohu8.com/S/AZN\">AstraZeneca</a>It rose 1.61% before the market. Danish health authorities 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>It rose before the market. Nikola announced the signing of a letter of intent for cooperation with Iveco and electric and natural 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>The pre-market decline expanded to 6%,<a href=\"https://laohu8.com/S/DISCA\">Exploring Communication</a>It fell more than 4% before the market,<a href=\"https://laohu8.com/S/IQ\">IQiyi</a>It fell more than 3% before the market, before<a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>Once again, the above three stocks were sold through block transactions, totaling approximately $2.1 billion.</p><p><b>[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 its March forecast.</p><p>As of press time, WTI crude oil futures prices were reported at 61.10 yuan/barrel, an increase of 1.53%; Brent crude oil was at $64.70 a barrel, an increase of 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. Market concerns are rising that the Federal Reserve may reduce QE early, which limits the trend of gold prices.</p><p>As of press time, the international gold futures price was at US $1,745.10 per ounce, 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 14 (Wednesday), the three major U.S. stock index futures collectively rose during the pre-market session. Today, the first batch of U.S. bank stock financial reports were released; In addition, Federal Reserve Chairman Jerome Powell will speak at the Economic Club of New York at 24:00 Beijing time (12:00 p.m. EST), but it 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 market]</b></p><p><b>Popular Chinese concept stocks</b></p><p><a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>It rose 2.68% before the market. XPeng Motor today officially launched its third new model-XPeng Motor P5. The international version of XPeng P5 will be developed and sold to Norway, the European Union and other countries. 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\">JD.com</a>It rose 1.08% before the market.<a href=\"https://laohu8.com/S/C\">Citigroup</a>Will<a href=\"https://laohu8.com/S/JD\">JD.com</a>The target price 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% before the market. TSMC's wafer 14P7 factory in the Southern Science Park suffered an unexpected power outage. It has now relied on diesel generators to restore power and cooperated with Taipower to restore normal power supply. The actual impact needs to be further clarified.</p><p><b>Important US 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% before the market, Wells Fargo rose 0.38% before the market, and JPMorgan Chase fell 0.51% before the market.</p><p>Bitcoin's price rate hit a record high, and Bit Digital rose by more than 24%.<a href=\"https://laohu8.com/S/CAN\">Canaan Technology</a>Rose nearly 9%,<a href=\"https://laohu8.com/S/EBON\">Ebang International</a>Up more than 6%,<a href=\"https://laohu8.com/S/SINO\">China Global Shipping</a>、<a href=\"https://laohu8.com/S/NCTY\">The ninth city</a>, Riot Blockchain rose more than 5%, Bit Mining, Marathon Digital rose more than 3%.<b>Coinbase, the \"first share of cryptocurrency trading platform\", will be listed on Nasdaq tonight.</b></p><p>Moderna rose 2.87% before the market, after saying that COVID-19 vaccine's effective rate still reached 90% six months after vaccination. In addition, the interim phase 1 data of the RSV vaccine showed positive results. The first phase of its MRNA influenza vaccine research and HIV MRNA vaccine research are expected to begin in 2021.</p><p><a href=\"https://laohu8.com/S/AZN\">AstraZeneca</a>It rose 1.61% before the market. Danish health authorities 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>It rose before the market. Nikola announced the signing of a letter of intent for cooperation with Iveco and electric and natural 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>The pre-market decline expanded to 6%,<a href=\"https://laohu8.com/S/DISCA\">Exploring Communication</a>It fell more than 4% before the market,<a href=\"https://laohu8.com/S/IQ\">IQiyi</a>It fell more than 3% before the market, before<a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>Once again, the above three stocks were sold through block transactions, totaling approximately $2.1 billion.</p><p><b>[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 its March forecast.</p><p>As of press time, WTI crude oil futures prices were reported at 61.10 yuan/barrel, an increase of 1.53%; Brent crude oil was at $64.70 a barrel, an increase of 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. Market concerns are rising that the Federal Reserve may reduce QE early, which limits the trend of gold prices.</p><p>As of press time, the international gold futures price was at US $1,745.10 per ounce, 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":744,"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":[],"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":2962,"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":[],"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":"other","language":"zh","title":"Market news: ByteDance restarts listing 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 quoted sources as saying that ByteDance has restarted its listing plan and plans to list in Hong Kong in early 2022. ByteDance is currently valued at about US $180 billion. According to sources, ByteDance may submit a final guidance letter for listing in September, and it is expected that it may be listed as soon as the fourth quarter of this year or early 2022.</p><p>It is reported that ByteDance was valued at US $180 billion in a round of financing in December last year. Since last year, the company has been rumored to be considering an initial public offering plan for all or part of its business in the United States or Hong Kong, but never acknowledged.</p><p>In late March this year, ByteDance hired former Xiaomi executive Zhou Shouzi to serve as the newly established chief financial officer (CFO) position. During his tenure as CFO of Xiaomi, Zhou Shouzi helped Xiaomi complete its listing in Hong Kong.</p><p>But before hiring Zhou Shouzi, ByteDance did not have a chief financial officer. This move has been widely interpreted as ByteDance preparing for an IPO.</p><p>In addition, in mid-April this year, the media reported that ByteDance submitted an underwriter's employment letter to the Hong Kong Stock Exchange, started the listing process in Hong Kong, and will submit a listing application in the second quarter. ByteDance responded at the time: It would not comment on this.</p><p>On June 17, ByteDance counted and disclosed its financial situation on an official basis for the first time: the actual revenue in 2020 reached 236.6 billion yuan, a year-on-year increase of 111%; Operating loss was 14.7 billion yuan.</p><p>On the same day, Liang Rubo, the new CEO who succeeded Zhang Yiming, said: \"The company is getting bigger and entering a new stage. We hope to be more transparent and open internally and externally, so while updating the business progress, we will also announce our business data and financial situation to all employees, including revenue and profit.\"</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 listing 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 listing 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 quoted sources as saying that ByteDance has restarted its listing plan and plans to list in Hong Kong in early 2022. ByteDance is currently valued at about US $180 billion. According to sources, ByteDance may submit a final guidance letter for listing in September, and it is expected that it may be listed as soon as the fourth quarter of this year or early 2022.</p><p>It is reported that ByteDance was valued at US $180 billion in a round of financing in December last year. Since last year, the company has been rumored to be considering an initial public offering plan for all or part of its business in the United States or Hong Kong, but never acknowledged.</p><p>In late March this year, ByteDance hired former Xiaomi executive Zhou Shouzi to serve as the newly established chief financial officer (CFO) position. During his tenure as CFO of Xiaomi, Zhou Shouzi helped Xiaomi complete its listing in Hong Kong.</p><p>But before hiring Zhou Shouzi, ByteDance did not have a chief financial officer. This move has been widely interpreted as ByteDance preparing for an IPO.</p><p>In addition, in mid-April this year, the media reported that ByteDance submitted an underwriter's employment letter to the Hong Kong Stock Exchange, started the listing process in Hong Kong, and will submit a listing application in the second quarter. ByteDance responded at the time: It would not comment on this.</p><p>On June 17, ByteDance counted and disclosed its financial situation on an official basis for the first time: the actual revenue in 2020 reached 236.6 billion yuan, a year-on-year increase of 111%; Operating loss was 14.7 billion yuan.</p><p>On the same day, Liang Rubo, the new CEO who succeeded Zhang Yiming, said: \"The company is getting bigger and entering a new stage. We hope to be more transparent and open internally and externally, so while updating the business progress, we will also announce our business data and financial situation to all employees, including revenue and profit.\"</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":3463,"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":[],"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":1024,"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":[],"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":"The U.S. infrastructure plan 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 in the United States jointly sent a letter to House Speaker Pelosi, threatening to have reservations about the follow-up spending plan of $3.5 trillion before the infrastructure bill passed by the two parties is officially signed into law.</p><p>\"We will not consider voting for the $3.5 trillion budget resolution until the bipartisan Infrastructure Investment and Jobs Act is passed and signed into law in the House of Representatives,\" Democrats wrote in the letter.</p><p>The moderate stance could derail Pelosi's plans to bring the budget resolution to the House for a vote in the week of Aug. 23. The slight advantage of Democrats behind Pelosi means that she can only withstand the defection of up to three members of the party in the budget plan vote. It is expected that the bill will not be supported by any Republicans in the House of Representatives.</p><p>The letter puts Pelosi once again in a rally between moderate and radical wings 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 completed the passage of the 3.5 trillion budget plan before voting on the infrastructure bill to ensure that social projects and climate change issues are prioritized. Collectively, the infrastructure package and 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 said they \"remain opposed to any unnecessary justification for delaying these critical infrastructure investments that will create well-paying jobs, keep American businesses competitive, and boost American 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>The U.S. infrastructure plan 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\">\nThe U.S. infrastructure plan 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 in the United States jointly sent a letter to House Speaker Pelosi, threatening to have reservations about the follow-up spending plan of $3.5 trillion before the infrastructure bill passed by the two parties is officially signed into law.</p><p>\"We will not consider voting for the $3.5 trillion budget resolution until the bipartisan Infrastructure Investment and Jobs Act is passed and signed into law in the House of Representatives,\" Democrats wrote in the letter.</p><p>The moderate stance could derail Pelosi's plans to bring the budget resolution to the House for a vote in the week of Aug. 23. The slight advantage of Democrats behind Pelosi means that she can only withstand the defection of up to three members of the party in the budget plan vote. It is expected that the bill will not be supported by any Republicans in the House of Representatives.</p><p>The letter puts Pelosi once again in a rally between moderate and radical wings 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 completed the passage of the 3.5 trillion budget plan before voting on the infrastructure bill to ensure that social projects and climate change issues are prioritized. Collectively, the infrastructure package and 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 said they \"remain opposed to any unnecessary justification for delaying these critical infrastructure investments that will create well-paying jobs, keep American businesses competitive, and boost American 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":3694,"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":[],"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":"us","language":"zh","title":"TSMC's Q2 revenue was US $13.289 billion, net profit was US $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>July 15,<a href=\"https://laohu8.com/S/TSM\">TSMC</a>Released its second quarter 2021 financial report. The financial report shows that revenue in the second quarter was US $13.289 billion, market expectations were US $13.167 billion, and US $10.385 billion in the same period last year; Net profit in the second quarter was US $4.798 billion, market expectations were US $4.831 billion, and US $4.038 billion in the same period last year; Earnings per ADS were $0.39 in the second quarter, compared with $0.78 in the year-ago quarter.</p><p>The gross profit margin in the second quarter was 50%, and the market expected 50.9%; In the second quarter, 7nm process revenue accounted for 31%, and 5nm process revenue accounted for 18%.</p><p>By platform, in the second quarter, smartphone business revenue accounted for 42%, high-performance computing platforms accounted for 39%, Internet of Things devices accounted for 8%, and automobiles and data circuit terminals accounted for 4% respectively.</p><p>Year-to-date capital expenditures are approximately US $14.81 billion.</p><p>Based on the Company's current business prospects, management expects the overall results to be as follows:</p><p>Third-quarter revenue is expected to be US $14.6 billion-14.9 billion; The gross profit margin in the third quarter is expected to be 49.5%-51.5%, compared with the previous expectation of 51.5%; U.S. dollar-denominated revenue is expected to increase by more than 20% in 2021; The shortage of automotive chips will be further alleviated this quarter; Automotive MCU production is expected to grow by nearly 60% year-on-year.</p><p>TSMC said at the performance meeting: Taiwan will remain our R&D center, and we will still produce advanced process chips in Taiwan; Plans to produce 5nm chips at the Arizona factory in the first quarter of 2024; There are currently no plans for scale expansion in Arizona; Production will be expanded at the wafer factory 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's Q2 revenue was US $13.289 billion, net profit was US $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's Q2 revenue was US $13.289 billion, net profit was US $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>July 15,<a href=\"https://laohu8.com/S/TSM\">TSMC</a>Released its second quarter 2021 financial report. The financial report shows that revenue in the second quarter was US $13.289 billion, market expectations were US $13.167 billion, and US $10.385 billion in the same period last year; Net profit in the second quarter was US $4.798 billion, market expectations were US $4.831 billion, and US $4.038 billion in the same period last year; Earnings per ADS were $0.39 in the second quarter, compared with $0.78 in the year-ago quarter.</p><p>The gross profit margin in the second quarter was 50%, and the market expected 50.9%; In the second quarter, 7nm process revenue accounted for 31%, and 5nm process revenue accounted for 18%.</p><p>By platform, in the second quarter, smartphone business revenue accounted for 42%, high-performance computing platforms accounted for 39%, Internet of Things devices accounted for 8%, and automobiles and data circuit terminals accounted for 4% respectively.</p><p>Year-to-date capital expenditures are approximately US $14.81 billion.</p><p>Based on the Company's current business prospects, management expects the overall results to be as follows:</p><p>Third-quarter revenue is expected to be US $14.6 billion-14.9 billion; The gross profit margin in the third quarter is expected to be 49.5%-51.5%, compared with the previous expectation of 51.5%; U.S. dollar-denominated revenue is expected to increase by more than 20% in 2021; The shortage of automotive chips will be further alleviated this quarter; Automotive MCU production is expected to grow by nearly 60% year-on-year.</p><p>TSMC said at the performance meeting: Taiwan will remain our R&D center, and we will still produce advanced process chips in Taiwan; Plans to produce 5nm chips at the Arizona factory in the first quarter of 2024; There are currently no plans for scale expansion in Arizona; Production will be expanded at the wafer factory 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":1144,"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":[],"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 the \"peak growth\" of U.S. stocks may ease, 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 pushing back on \"growth peak\" concerns in the market, arguing 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>The group's strategists wrote in the report that widespread vaccination in the United States is supporting economic growth, and laggards such as airlines and hotels should pick up in the coming months. Tom Lee of Fundstrat Global Advisors LLC said stocks that have tumbled amid concerns about the delta variant Novel Coronavirus-such as energy stocks-are poised to rebound this week.</p><p>\"Investors are worried about the impact of the delta variant on economic growth, but this new pressure should not pose a significant market risk,\" Goldman's team wrote on Friday. The team supports \"the allocation of strategic positions in cyclical stocks at risk of pandemic exposure, as well as longer-term investments in high-quality traditional growth stocks.\"</p><p>Despite bullish comments from strategists, market risk aversion remained strong on Monday. U.S. stock futures fell as investors sought a safe haven in U.S. debt.</p><p><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Strategists also expect cyclical stocks to rebound. Fundstrat's Lee predicts a \"stronger, more general appetite for risk\" soon.</p><p>There are also some who are cautious. John Briggs, global head of strategy at Natwest Markets, said volatility surrounding economic growth concerns is likely to continue and the market will be in a new range, 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 the \"peak growth\" of U.S. stocks may ease, 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 the \"peak growth\" of U.S. stocks may ease, 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 pushing back on \"growth peak\" concerns in the market, arguing 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>The group's strategists wrote in the report that widespread vaccination in the United States is supporting economic growth, and laggards such as airlines and hotels should pick up in the coming months. Tom Lee of Fundstrat Global Advisors LLC said stocks that have tumbled amid concerns about the delta variant Novel Coronavirus-such as energy stocks-are poised to rebound this week.</p><p>\"Investors are worried about the impact of the delta variant on economic growth, but this new pressure should not pose a significant market risk,\" Goldman's team wrote on Friday. The team supports \"the allocation of strategic positions in cyclical stocks at risk of pandemic exposure, as well as longer-term investments in high-quality traditional growth stocks.\"</p><p>Despite bullish comments from strategists, market risk aversion remained strong on Monday. U.S. stock futures fell as investors sought a safe haven in U.S. debt.</p><p><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Strategists also expect cyclical stocks to rebound. Fundstrat's Lee predicts a \"stronger, more general appetite for risk\" soon.</p><p>There are also some who are cautious. John Briggs, global head of strategy at Natwest Markets, said volatility surrounding economic growth concerns is likely to continue and the market will be in a new range, 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":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"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":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1119,"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":[],"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>At present, the market is discussing whether the U.S. stock market is \"over-prosperous\", and some investors are worried that the U.S. stock market may undergo large-scale adjustments due to changes in the Federal Reserve's policy.</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 shows that the traditional stock market proverb of \"sell in May\" is not true, and there is a high probability that U.S. stocks will experience a summer rise.</p><p><h2>The stock market proverb of \"sell in May\" doesn't hold true</h2>Bank of America said that monthly data since 1928 showed that the traditional \"sell in May\" strategy did not hold, and the S&P 500 index had a high probability of experiencing a summer rise.</p><p><b>From a monthly perspective, although the return rate in May is negative, it is an excellent periodic monthly buying point</b>: The average return in June is about 0.77%; The average return in July was 1.58%, the highest in the whole year; August returns were also pretty 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 Market\" also confirms the law of the summer market of US stocks.</p><p><b>Statistics show that in the first year after the new US president takes office, the large-scale rebound of US stocks is usually concentrated in July-August</b>: The related rise probability in July reached 65%, and the historical average return reached 2.28%. September-October is a relatively weak month.</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 shows the summer rising pattern</h2>From a cross-month perspective, Bank of America statistics show that June-August is the second best three months in the whole year, with a related rising probability of 65% and an average return rate of 3.18%; The weakest 3 months of 1 year are August to October, with a 55% probability of rise, 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-October are the weakest three months of the year.<b>This means that there is a risk of an autumn correction in U.S. stocks.</b><img src=\"https://static.tigerbbs.com/9b56d223976b66649f0adb71a21b3cce\" tg-width=\"1106\" tg-height=\"802\" referrerpolicy=\"no-referrer\"></p><p><h2>Higher returns in the first 10 trading days of the month</h2>In terms of short-term trading, monthly data since 1928 show that,<b>Market performance in the first 10 trading days of a single month tends to be stronger than in the last 10 trading days (except 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 rules are most obvious.</b>The average probability of rising in the first 10 trading days of June is 59%, with an average return of 0.71%, and the probability of rising in the last 10 trading days is 47%, with an average return of-0.01%. The probability of rising in the first 10 trading days of July is 68%, with an average return of 1.53%, and the probability of rising 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>U.S. stock rebound may continue</h2>Bank of America emphasized that the Bloomberg U.S. Financial Conditions Index is currently breaking through a new high, and this is precisely the leading indicator for the S&P 500 to break through a new high. This may suggest 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 this indicator continues to rise, the S&P 500 index 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>At present, the market is discussing whether the U.S. stock market is \"over-prosperous\", and some investors are worried that the U.S. stock market may undergo large-scale adjustments due to changes in the Federal Reserve's policy.</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 shows that the traditional stock market proverb of \"sell in May\" is not true, and there is a high probability that U.S. stocks will experience a summer rise.</p><p><h2>The stock market proverb of \"sell in May\" doesn't hold true</h2>Bank of America said that monthly data since 1928 showed that the traditional \"sell in May\" strategy did not hold, and the S&P 500 index had a high probability of experiencing a summer rise.</p><p><b>From a monthly perspective, although the return rate in May is negative, it is an excellent periodic monthly buying point</b>: The average return in June is about 0.77%; The average return in July was 1.58%, the highest in the whole year; August returns were also pretty 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 Market\" also confirms the law of the summer market of US stocks.</p><p><b>Statistics show that in the first year after the new US president takes office, the large-scale rebound of US stocks is usually concentrated in July-August</b>: The related rise probability in July reached 65%, and the historical average return reached 2.28%. September-October is a relatively weak month.</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 shows the summer rising pattern</h2>From a cross-month perspective, Bank of America statistics show that June-August is the second best three months in the whole year, with a related rising probability of 65% and an average return rate of 3.18%; The weakest 3 months of 1 year are August to October, with a 55% probability of rise, 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-October are the weakest three months of the year.<b>This means that there is a risk of an autumn correction in U.S. stocks.</b><img src=\"https://static.tigerbbs.com/9b56d223976b66649f0adb71a21b3cce\" tg-width=\"1106\" tg-height=\"802\" referrerpolicy=\"no-referrer\"></p><p><h2>Higher returns in the first 10 trading days of the month</h2>In terms of short-term trading, monthly data since 1928 show that,<b>Market performance in the first 10 trading days of a single month tends to be stronger than in the last 10 trading days (except 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 rules are most obvious.</b>The average probability of rising in the first 10 trading days of June is 59%, with an average return of 0.71%, and the probability of rising in the last 10 trading days is 47%, with an average return of-0.01%. The probability of rising in the first 10 trading days of July is 68%, with an average return of 1.53%, and the probability of rising 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>U.S. stock rebound may continue</h2>Bank of America emphasized that the Bloomberg U.S. Financial Conditions Index is currently breaking through a new high, and this is precisely the leading indicator for the S&P 500 to break through a new high. This may suggest 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 this indicator continues to rise, the S&P 500 index 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":850,"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":[],"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":"hk","language":"zh","title":"Why did TSMC become 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, among the ten companies with the largest market value in the world, the United States held 7 seats, while China's<a href=\"https://laohu8.com/S/00700\">Tencent</a>And Ali are also on the list, becoming the only two companies in Asia 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 that time, it was a natural result for Tencent and Alibaba to enter the list. Among the top ten companies, 6 were Internet, 2 finance, 1 resource, and the only hardware company<a href=\"https://laohu8.com/S/AAPL\">Apple</a>, production is not under its own control. At that time, if a company<b>Heavy assets, heavy manufacturing, no oil at home yet</b>It is tantamount to an idiotic dream that a company can still enter the top ten.</p><p>But what I didn't expect was that just over a year later, on August 18, 2021,<a href=\"https://laohu8.com/S/TSM\">TSMC</a>With a market value of US $538 billion, it successfully surpassed Tencent and became the company with the highest market value in Asia.</p><p>What supports the market value of TSMC's Asian stock king is TSMC's revenue of US $13.29 billion in the second quarter, earning US $147 million a day.</p><p>At the same time, the global chip shortage has made TSMC's orders hard currency: Not long ago, after Apple placed a one-time order of 100 million chips, TSMC's raw material suppliers directly broke the news, and TSMC's orders have been fully loaded until 2024.</p><p><b>Behind TSMC's replacement of Tencent as the king of Asian stocks is not only the change in the market value of the two companies, but also a counterattack of hard technology manufacturing on the Internet.</b></p><p>So how did TSMC cultivate its current status as a stock king in an electronics industry with heavy assets, high labor cost investment, and extremely strong customers?</p><p>The answer lies in the three historical opportunities of 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 just been established two years ago, ushered in<a href=\"https://laohu8.com/S/SMSN.UK\">Samsung</a>Li Jianxi, the head of the family, personally poached the wall.</p><p>This time, Li Jianxi was not interested in a process leader or a technical expert, but directly focused on Zhang Zhongmou, the 58-year-old founder of TSMC.</p><p>The reason why Li Jianxi was so confident had a lot to do with the industry development background at that time: Samsung was already the overlord of many industries and the super chaebol that controlled the lifeline of South Korea;<b>The status of chip foundry in the industry at that time was actually similar to that of Foxconn, another foundry king in Taiwan, China today: the technical content was not high, and there were many competitors, all of which were located in the \"smile curve\" of value distribution in the manufacturing industry chain. bottom end</b>, do the most tiring 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>What's more,<b>At that time, chip manufacturing was still in the sub-micron stage. The IDM model of chip companies designing, manufacturing, and packaging and testing by themselves was the mainstream of the industry.</b>The world's top ten semiconductor companies that year were NEC, Toshiba, Hitachi, 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>All are typical semiconductor IDM giants.</p><p>So, why do IDMs with their own factories look for fledgling TSMC whose technology is not even as good as their own to manufacture chips?</p><p>This is a very realistic problem faced by Zhang Zhongmou, an elderly entrepreneur, after rejecting Li Jianxi's olive branch.</p><p>But soon, TSMC ushered in its first era opportunity: the rise of PC.</p><p>Around 1988, under the leadership of Intel, the global electronics industry entered the PC era from the traditional mainframe era. And<b>The focus of the global semiconductor industry has gradually shifted from traditional DRAM storage to digital chips represented by CPUs and GPUs.</b></p><p>Conventional<b>DRAM memory chips are light in design and heavy in manufacturing, so the IDM model dominates the development of the industry; For digital chips, chip manufacturing is certainly a top priority, but as the number of transistors in the chip reaches millions, the chip design investment required behind it is becoming more and more arduous. In the case of limited energy, it has become an urgent trend to separate design from manufacturing.</b></p><p><img src=\"https://static.tigerbbs.com/673230fbc935dd61c98bcb0b5390e825\" tg-width=\"767\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p>Relying on the personal friendship between Intel President Grove and Zhang Zhongmou, Intel directly dispatched engineers to TSMC, and pointed out at least 200 process improvement processes for TSMC, which had only more than 200 manufacturing processes at that time.</p><p>You know, Intel at that time was synonymous with top chip manufacturing. The 80486 chip it is developing is not only the first in the world to use the 1-micron manufacturing process, but also the first high-end chip manufacturer to break through the integration of 1 million transistors in one chip, reaching 1.2 million pioneering projects.</p><p>Being able to receive one-on-one tutoring from Intel, TSMC won the first technical ticket to the top chip foundry in one fell swoop.</p><p>Shortly after getting this ticket, in 1995, TSMC and the two-year-old company<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>It hit it off and won another important ticket in the PC era.</p><p>In the following ten years, TSMC established a relationship 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 process technology, it is technologically unique in the world. In 2004, it occupied half of the global market share.</p><p><b>However, TSMC did not expect that another storm that might subvert the industrial structure 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 in the field of PC chips, Apple came with a tsunami of smartphones. Unfortunately, the protagonist this time was not TSMC at first.</p><p>In 2007, Jobs took the first-generation iPhone and officially announced it in the midst of much attention, which was called a stunning cross-generation product. In the following years, every time a new iPhone was released, there would be a spectacle of crazy fruit powder queuing up in the early morning in front of Apple retail stores all over the world.</p><p>Behind the iPhone's seal of gods, one thing is clearly shown:<b>The era of smart phones has arrived. Only by winning Apple can we become a real chip foundry brother.</b></p><p>But anyone who knows how to do it knows that Jobs on the stage seems to be the \"God\" who released the iPhone on the surface, but fundamentally, he is just a worker of the Samsung empire on the other side of the ocean.</p><p>IHS, a market research agency, once dismantled the cost sources of previous generations of iPhones and found that in the era before dual cameras and bathroom heater cameras appeared, the former<b>The three major cost sources of several generations of iPhone are: processor, screen and storage. In an iPhone, all three items are made by Samsung.</b></p><p>The processor and storage provided by Samsung are naturally made by Samsung. However, TSMC, which produced almost half of the world's chips in the era, could only wait and see with envy.</p><p>But as a top supply chain checks and balances master, Apple will definitely not allow its competitors to control its three lifebloods at the same time.</p><p>So, on the one hand, mixing oil with Samsung Mili, on the other hand, Apple quietly connected with TSMC in 2010. In order for the two parties to cooperate more smoothly, TSMC has also set up a team composed of more than 100 cross-departmental R&D engineers.<a href=\"https://laohu8.com/S/AONE.U\">one</a>team \"team, stationed at Apple headquarters in the United States, worked together to engage in secret research and development in an attempt to completely bypass Samsung's patents.</p><p>After the initial progress of research and development, Apple immediately filed 16 infringement charges with Samsung in 2011. Samsung, on the other hand, took Apple to court, countersued Apple for infringement, and even asked the United States to ban the sale of iPhone.</p><p>Apple competes with Samsung's snipe and clam, and TSMC benefits.</p><p>Starting from Apple's A8 chip in 2014, TSMC began to manufacture most Apple chips. Since the iPhone 7 era, TSMC has completely monopolized the production of all Apple chips. The cooperation continues to this day, and Apple is still TSMC's largest customer, contributing nearly 20% of TSMC's revenue every year.</p><p>At this point, TSMC has officially confirmed its leading position in chip foundry.</p><p><b>But just working for the most powerful customers can make TSMC what it is today? As Apple's largest foundry, 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>Also the king of foundry, TSMC can stuck the throat of global customers, while Foxconn has nothing to do about Apple supporting competitors to grab business.</p><p>Behind the completely different fates, in fact, the groundwork has been laid as early as the track selection.</p><p>Represented by Foxconn<b>Electronic product assembly is essentially a low-threshold industry that can start work on the assembly line 24 hours a day as long as enough workers are gathered.</b>Therefore, as an OEM, twenty years ago, Foxconn faced the \"five tigers of Taiwanese OEM\" in Taiwan, China-Quanta, Compal, Pegatron, Wistron, and Inventec competing for business; In the past ten years, Foxconn has faced the mainland \"younger brothers\" Luxshare, Goertek, Wingtech,<a href=\"https://laohu8.com/S/002594\">BYD</a>They are frantically grabbing business in their own territory.</p><p>This low-tech content and low threshold are reflected in the financial report, which is reflected in Foxconn's gross profit that is thinner than razor blades: in the past ten years,<b>In order to maintain a gross profit that has never exceeded 10%, Foxconn moved its factory from Shenzhen to Zhengzhou, and then expanded from Zhengzhou to Vietnam... constantly moving between different depressions of labor costs.</b></p><p>In sharp contrast to this, TSMC's corresponding chip foundry is an industry that is rolling 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 will double every 18 to 24 months, the size of the corresponding transistors will continue to shrink, and the manufacture of semiconductors will become increasingly difficult.</p><p>Reflected in capital expenditures, in the process of upgrading the semiconductor industry from 8-inch to 12-inch, costs have risen sharply: the cost of an 8-inch wafer fab is as low as 100 million and as high as 1.5 billion US dollars depending on its production capacity. The cost of a new 12-inch fab is as high as US $2.5 billion to US $3 billion, which is enough to leave most competitors in the industry behind.</p><p>Different technical contents also determine different competitive landscapes.<b>The harder Foxconn works, the more competitors it has; Along the way, TSMC has dominated the world from 0.18 micron to 3 nanometers. Not only are there fewer and fewer competitors, but even the former big brothers 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 will naturally become higher and higher. Located in Taiwan, China, Foxconn has set up factories around the world, and its gross profit is less than 10%. If it is not careful, it will be contained by Apple using Wistron, Pegatron and Luxshare;</p><p>TSMC, which has insisted on only producing high-end process products in Taiwan, China for 30 years, can maintain a gross profit of about 50% all year round. However, if customers want to grab TSMC's latest production capacity, it is not enough to have money: September 2020 After TSMC was forced to cut off supply 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>The market share ranks first, and the capital threshold of the industry continues to rise; The dividend effect of technology is constantly superimposed... TSMC, which is alone in seeking defeat, has established its unshakable number one throne in the field of chip foundry.</p><p>Looking back at history, there are three major reasons why TSMC can rise to become the king of foundry: in the PC era, with half of the support of Intel and Nvidia; The mobile phone era was chosen by Apple and became an important tool to check and balance Samsung; In the following years, he sat on the wheels of Moore's Law, relying on the advantages of technology and capital, leaving many competitors far behind.</p><p>However, TSMC's transformation from the \"king of chip foundry\" to the \"king of stocks\" is still the last step: let the Internet companies whose market value ranks ahead of TSMC fall from the altar 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, on the one hand, TSMC has made a lot of money from the epic chip shortage, and its stock price has recently become the king of Asian stocks. On the other hand, looking at the traditional \"stock god\" Internet, Tencent has plummeted 45% from its highest point since the beginning of the year; Ali 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>From the king of chip foundry to the king of Asian stocks, TSMC is inseparable from its own efforts, and at the same time, it is inseparable from the process of history.</p><p>In addition to the process, it gives us a hint of enlightenment:<b>Do the hard and correct thing, and the more you persist, 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>Why did TSMC become 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\">\nWhy did TSMC become 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, among the ten companies with the largest market value in the world, the United States held 7 seats, while China's<a href=\"https://laohu8.com/S/00700\">Tencent</a>And Ali are also on the list, becoming the only two companies in Asia 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 that time, it was a natural result for Tencent and Alibaba to enter the list. Among the top ten companies, 6 were Internet, 2 finance, 1 resource, and the only hardware company<a href=\"https://laohu8.com/S/AAPL\">Apple</a>, production is not under its own control. At that time, if a company<b>Heavy assets, heavy manufacturing, no oil at home yet</b>It is tantamount to an idiotic dream that a company can still enter the top ten.</p><p>But what I didn't expect was that just over a year later, on August 18, 2021,<a href=\"https://laohu8.com/S/TSM\">TSMC</a>With a market value of US $538 billion, it successfully surpassed Tencent and became the company with the highest market value in Asia.</p><p>What supports the market value of TSMC's Asian stock king is TSMC's revenue of US $13.29 billion in the second quarter, earning US $147 million a day.</p><p>At the same time, the global chip shortage has made TSMC's orders hard currency: Not long ago, after Apple placed a one-time order of 100 million chips, TSMC's raw material suppliers directly broke the news, and TSMC's orders have been fully loaded until 2024.</p><p><b>Behind TSMC's replacement of Tencent as the king of Asian stocks is not only the change in the market value of the two companies, but also a counterattack of hard technology manufacturing on the Internet.</b></p><p>So how did TSMC cultivate its current status as a stock king in an electronics industry with heavy assets, high labor cost investment, and extremely strong customers?</p><p>The answer lies in the three historical opportunities of 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 just been established two years ago, ushered in<a href=\"https://laohu8.com/S/SMSN.UK\">Samsung</a>Li Jianxi, the head of the family, personally poached the wall.</p><p>This time, Li Jianxi was not interested in a process leader or a technical expert, but directly focused on Zhang Zhongmou, the 58-year-old founder of TSMC.</p><p>The reason why Li Jianxi was so confident had a lot to do with the industry development background at that time: Samsung was already the overlord of many industries and the super chaebol that controlled the lifeline of South Korea;<b>The status of chip foundry in the industry at that time was actually similar to that of Foxconn, another foundry king in Taiwan, China today: the technical content was not high, and there were many competitors, all of which were located in the \"smile curve\" of value distribution in the manufacturing industry chain. bottom end</b>, do the most tiring 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>What's more,<b>At that time, chip manufacturing was still in the sub-micron stage. The IDM model of chip companies designing, manufacturing, and packaging and testing by themselves was the mainstream of the industry.</b>The world's top ten semiconductor companies that year were NEC, Toshiba, Hitachi, 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>All are typical semiconductor IDM giants.</p><p>So, why do IDMs with their own factories look for fledgling TSMC whose technology is not even as good as their own to manufacture chips?</p><p>This is a very realistic problem faced by Zhang Zhongmou, an elderly entrepreneur, after rejecting Li Jianxi's olive branch.</p><p>But soon, TSMC ushered in its first era opportunity: the rise of PC.</p><p>Around 1988, under the leadership of Intel, the global electronics industry entered the PC era from the traditional mainframe era. And<b>The focus of the global semiconductor industry has gradually shifted from traditional DRAM storage to digital chips represented by CPUs and GPUs.</b></p><p>Conventional<b>DRAM memory chips are light in design and heavy in manufacturing, so the IDM model dominates the development of the industry; For digital chips, chip manufacturing is certainly a top priority, but as the number of transistors in the chip reaches millions, the chip design investment required behind it is becoming more and more arduous. In the case of limited energy, it has become an urgent trend to separate design from manufacturing.</b></p><p><img src=\"https://static.tigerbbs.com/673230fbc935dd61c98bcb0b5390e825\" tg-width=\"767\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p>Relying on the personal friendship between Intel President Grove and Zhang Zhongmou, Intel directly dispatched engineers to TSMC, and pointed out at least 200 process improvement processes for TSMC, which had only more than 200 manufacturing processes at that time.</p><p>You know, Intel at that time was synonymous with top chip manufacturing. The 80486 chip it is developing is not only the first in the world to use the 1-micron manufacturing process, but also the first high-end chip manufacturer to break through the integration of 1 million transistors in one chip, reaching 1.2 million pioneering projects.</p><p>Being able to receive one-on-one tutoring from Intel, TSMC won the first technical ticket to the top chip foundry in one fell swoop.</p><p>Shortly after getting this ticket, in 1995, TSMC and the two-year-old company<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>It hit it off and won another important ticket in the PC era.</p><p>In the following ten years, TSMC established a relationship 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 process technology, it is technologically unique in the world. In 2004, it occupied half of the global market share.</p><p><b>However, TSMC did not expect that another storm that might subvert the industrial structure 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 in the field of PC chips, Apple came with a tsunami of smartphones. Unfortunately, the protagonist this time was not TSMC at first.</p><p>In 2007, Jobs took the first-generation iPhone and officially announced it in the midst of much attention, which was called a stunning cross-generation product. In the following years, every time a new iPhone was released, there would be a spectacle of crazy fruit powder queuing up in the early morning in front of Apple retail stores all over the world.</p><p>Behind the iPhone's seal of gods, one thing is clearly shown:<b>The era of smart phones has arrived. Only by winning Apple can we become a real chip foundry brother.</b></p><p>But anyone who knows how to do it knows that Jobs on the stage seems to be the \"God\" who released the iPhone on the surface, but fundamentally, he is just a worker of the Samsung empire on the other side of the ocean.</p><p>IHS, a market research agency, once dismantled the cost sources of previous generations of iPhones and found that in the era before dual cameras and bathroom heater cameras appeared, the former<b>The three major cost sources of several generations of iPhone are: processor, screen and storage. In an iPhone, all three items are made by Samsung.</b></p><p>The processor and storage provided by Samsung are naturally made by Samsung. However, TSMC, which produced almost half of the world's chips in the era, could only wait and see with envy.</p><p>But as a top supply chain checks and balances master, Apple will definitely not allow its competitors to control its three lifebloods at the same time.</p><p>So, on the one hand, mixing oil with Samsung Mili, on the other hand, Apple quietly connected with TSMC in 2010. In order for the two parties to cooperate more smoothly, TSMC has also set up a team composed of more than 100 cross-departmental R&D engineers.<a href=\"https://laohu8.com/S/AONE.U\">one</a>team \"team, stationed at Apple headquarters in the United States, worked together to engage in secret research and development in an attempt to completely bypass Samsung's patents.</p><p>After the initial progress of research and development, Apple immediately filed 16 infringement charges with Samsung in 2011. Samsung, on the other hand, took Apple to court, countersued Apple for infringement, and even asked the United States to ban the sale of iPhone.</p><p>Apple competes with Samsung's snipe and clam, and TSMC benefits.</p><p>Starting from Apple's A8 chip in 2014, TSMC began to manufacture most Apple chips. Since the iPhone 7 era, TSMC has completely monopolized the production of all Apple chips. The cooperation continues to this day, and Apple is still TSMC's largest customer, contributing nearly 20% of TSMC's revenue every year.</p><p>At this point, TSMC has officially confirmed its leading position in chip foundry.</p><p><b>But just working for the most powerful customers can make TSMC what it is today? As Apple's largest foundry, 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>Also the king of foundry, TSMC can stuck the throat of global customers, while Foxconn has nothing to do about Apple supporting competitors to grab business.</p><p>Behind the completely different fates, in fact, the groundwork has been laid as early as the track selection.</p><p>Represented by Foxconn<b>Electronic product assembly is essentially a low-threshold industry that can start work on the assembly line 24 hours a day as long as enough workers are gathered.</b>Therefore, as an OEM, twenty years ago, Foxconn faced the \"five tigers of Taiwanese OEM\" in Taiwan, China-Quanta, Compal, Pegatron, Wistron, and Inventec competing for business; In the past ten years, Foxconn has faced the mainland \"younger brothers\" Luxshare, Goertek, Wingtech,<a href=\"https://laohu8.com/S/002594\">BYD</a>They are frantically grabbing business in their own territory.</p><p>This low-tech content and low threshold are reflected in the financial report, which is reflected in Foxconn's gross profit that is thinner than razor blades: in the past ten years,<b>In order to maintain a gross profit that has never exceeded 10%, Foxconn moved its factory from Shenzhen to Zhengzhou, and then expanded from Zhengzhou to Vietnam... constantly moving between different depressions of labor costs.</b></p><p>In sharp contrast to this, TSMC's corresponding chip foundry is an industry that is rolling 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 will double every 18 to 24 months, the size of the corresponding transistors will continue to shrink, and the manufacture of semiconductors will become increasingly difficult.</p><p>Reflected in capital expenditures, in the process of upgrading the semiconductor industry from 8-inch to 12-inch, costs have risen sharply: the cost of an 8-inch wafer fab is as low as 100 million and as high as 1.5 billion US dollars depending on its production capacity. The cost of a new 12-inch fab is as high as US $2.5 billion to US $3 billion, which is enough to leave most competitors in the industry behind.</p><p>Different technical contents also determine different competitive landscapes.<b>The harder Foxconn works, the more competitors it has; Along the way, TSMC has dominated the world from 0.18 micron to 3 nanometers. Not only are there fewer and fewer competitors, but even the former big brothers 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 will naturally become higher and higher. Located in Taiwan, China, Foxconn has set up factories around the world, and its gross profit is less than 10%. If it is not careful, it will be contained by Apple using Wistron, Pegatron and Luxshare;</p><p>TSMC, which has insisted on only producing high-end process products in Taiwan, China for 30 years, can maintain a gross profit of about 50% all year round. However, if customers want to grab TSMC's latest production capacity, it is not enough to have money: September 2020 After TSMC was forced to cut off supply 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>The market share ranks first, and the capital threshold of the industry continues to rise; The dividend effect of technology is constantly superimposed... TSMC, which is alone in seeking defeat, has established its unshakable number one throne in the field of chip foundry.</p><p>Looking back at history, there are three major reasons why TSMC can rise to become the king of foundry: in the PC era, with half of the support of Intel and Nvidia; The mobile phone era was chosen by Apple and became an important tool to check and balance Samsung; In the following years, he sat on the wheels of Moore's Law, relying on the advantages of technology and capital, leaving many competitors far behind.</p><p>However, TSMC's transformation from the \"king of chip foundry\" to the \"king of stocks\" is still the last step: let the Internet companies whose market value ranks ahead of TSMC fall from the altar 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, on the one hand, TSMC has made a lot of money from the epic chip shortage, and its stock price has recently become the king of Asian stocks. On the other hand, looking at the traditional \"stock god\" Internet, Tencent has plummeted 45% from its highest point since the beginning of the year; Ali 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>From the king of chip foundry to the king of Asian stocks, TSMC is inseparable from its own efforts, and at the same time, it is inseparable from the process of history.</p><p>In addition to the process, it gives us a hint of enlightenment:<b>Do the hard and correct thing, and the more you persist, 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":{"03145":0.9,"EWT":0.9,"TWmain":0.9,"TSM":0.9}},"isVote":1,"tweetType":1,"viewCount":2955,"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":[],"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":2508,"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":[],"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'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>News on June 11,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Jeff Bezos, the founder, can travel around the globe on a private jet or sail around the world on a mega yacht; He could buy the entire NFL, or he could buy an archipelago for his relatives and friends. He can also buy 65,000 Bugatti Chirons sports cars starting at $2.9 million. As one of the richest people in the world, Bezos can get anything on the planet. But Bezos seems ready to risk everything with 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's space journey, as Blue Origin, the space company he funded, 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 space flight aboard this rocket.</p><p>However, the space flight conducted by Bezos and his brother Mark Bezos will be the first manned flight test of the New Shepard rocket, and it is not completely risk-free.</p><p>What will Bezos's first space flight look like? How risky is it for people to go into space now?</p><p><h2><b>What is Bezos' space journey like?</b></h2>When most people think of space flight, they think of astronauts flying around the earth and spending at least a few days in space.</p><p>The Bezos brothers and other passengers won't do this.</p><p>They will go and go back quickly, and it takes less time than most people spend on their way to work, only about 11 minutes in total.</p><p>Suborbital flight is quite different from the orbital flight that most of us think of when we refer to space flight. Blue Origin's New Shepard rocket has a short flight time, and it goes 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>The orbital rocket needs to obtain enough thrust to reach a speed of at least 27,000 kilometers per hour, which is what we call orbital speed. Essentially, it allows the spacecraft to have enough energy to continue to rotate around the earth, instead of being immediately pulled back by gravity. ground.</p><p>Suborbital flight requires much less thrust and speed. This means a shorter burn time for the rocket, lower temperatures and pressures on the outside of the spacecraft, and less likely to occur serious errors in general.</p><p>The suborbital flight speed of the New Shepard rocket is about three times the speed of sound, about 3,700 kilometers per hour. The rocket will go all the way up vertically until most of the fuel is consumed. The crew module will separate from the rocket at the highest point of the orbit and continue to ascend for a short segment. Then, the crew module will briefly run at the highest segment of the orbit, allowing passengers to experience weightlessness for a few minutes.</p><p>After that, the crew module of New Shepard will open a large number of parachutes during the descent, reducing the landing speed to less than 32 kilometers per hour.</p><p>The rocket booster will reignite the engine and accurately complete the vertical landing using the onboard computer. The booster landing looks similar to SpaceX's Falcon 9 rocket, although the latter of course has much more thrust and is more likely to explode on impact.</p><p><h2><b>How risky is this kind of space flight?</b></h2>Blue Origin's New Shepard rocket crew module is fully automated and does not require flight controllers. It has conducted 15 flight tests and has never had an explosion accident. Compared with ambitious space travel, the nature of Bezos' space flight means that it is low risk in itself, but it doesn't mean that it is zero risk.</p><p><img src=\"https://static.tigerbbs.com/614a8ab2cf54dc3204b9f7dfb54ab8d0\" tg-width=\"1000\" tg-height=\"563\" referrerpolicy=\"no-referrer\"></p><p>Since suborbital flight doesn't require that fast speed and doesn't need to re-enter the Earth's atmosphere at incredible speeds, it is much less risky than orbital flight. During the return of the orbiting space capsule to Earth, the external temperature of the spacecraft can reach nearly 2,000 degrees Celsius, and astronauts once had to withstand the acceleration of 4.5 G. At the same time, the thickening atmosphere put increasing pressure on the spacecraft.</p><p>Both high speeds and high altitudes have inherent risks, and even small mistakes can have serious consequences. At an altitude of more than 15,000 meters, people can't survive without wearing spacesuits, while Bezos will fly to an altitude of 100 kilometers above the ground. But the capsule he was in was pressurized, so he didn't need a suit to keep himself safe, and if the cabin lost pressure, Bezos could use an oxygen mask. The New Shepard rocket is also equipped with an abort system to push the crew compartment and passengers away from the rocket in an emergency. The crew cabin also has a backup safety function, which allows the crew cabin to land safely even if several parachutes cannot be opened.</p><p>Even so, if the New Shepard rocket fails, there is no way to absolutely guarantee safety.</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 one of the co-pilots of the aircraft prematurely activated the plume system used to keep the vehicle stable during the descent phase. The sudden increase in drag tore the aircraft to pieces, killing one pilot.</p><p>Since then, Virgin Galactic has conducted three successful test flights of the improved version of the \"SpaceShip-2\" aircraft. Blue Origin hasn't encountered a similar accident during the testing phase. But as it has been said in the industry for a long time, getting into space is really difficult.</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'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'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>News on June 11,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Jeff Bezos, the founder, can travel around the globe on a private jet or sail around the world on a mega yacht; He could buy the entire NFL, or he could buy an archipelago for his relatives and friends. He can also buy 65,000 Bugatti Chirons sports cars starting at $2.9 million. As one of the richest people in the world, Bezos can get anything on the planet. But Bezos seems ready to risk everything with 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's space journey, as Blue Origin, the space company he funded, 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 space flight aboard this rocket.</p><p>However, the space flight conducted by Bezos and his brother Mark Bezos will be the first manned flight test of the New Shepard rocket, and it is not completely risk-free.</p><p>What will Bezos's first space flight look like? How risky is it for people to go into space now?</p><p><h2><b>What is Bezos' space journey like?</b></h2>When most people think of space flight, they think of astronauts flying around the earth and spending at least a few days in space.</p><p>The Bezos brothers and other passengers won't do this.</p><p>They will go and go back quickly, and it takes less time than most people spend on their way to work, only about 11 minutes in total.</p><p>Suborbital flight is quite different from the orbital flight that most of us think of when we refer to space flight. Blue Origin's New Shepard rocket has a short flight time, and it goes 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>The orbital rocket needs to obtain enough thrust to reach a speed of at least 27,000 kilometers per hour, which is what we call orbital speed. Essentially, it allows the spacecraft to have enough energy to continue to rotate around the earth, instead of being immediately pulled back by gravity. ground.</p><p>Suborbital flight requires much less thrust and speed. This means a shorter burn time for the rocket, lower temperatures and pressures on the outside of the spacecraft, and less likely to occur serious errors in general.</p><p>The suborbital flight speed of the New Shepard rocket is about three times the speed of sound, about 3,700 kilometers per hour. The rocket will go all the way up vertically until most of the fuel is consumed. The crew module will separate from the rocket at the highest point of the orbit and continue to ascend for a short segment. Then, the crew module will briefly run at the highest segment of the orbit, allowing passengers to experience weightlessness for a few minutes.</p><p>After that, the crew module of New Shepard will open a large number of parachutes during the descent, reducing the landing speed to less than 32 kilometers per hour.</p><p>The rocket booster will reignite the engine and accurately complete the vertical landing using the onboard computer. The booster landing looks similar to SpaceX's Falcon 9 rocket, although the latter of course has much more thrust and is more likely to explode on impact.</p><p><h2><b>How risky is this kind of space flight?</b></h2>Blue Origin's New Shepard rocket crew module is fully automated and does not require flight controllers. It has conducted 15 flight tests and has never had an explosion accident. Compared with ambitious space travel, the nature of Bezos' space flight means that it is low risk in itself, but it doesn't mean that it is zero risk.</p><p><img src=\"https://static.tigerbbs.com/614a8ab2cf54dc3204b9f7dfb54ab8d0\" tg-width=\"1000\" tg-height=\"563\" referrerpolicy=\"no-referrer\"></p><p>Since suborbital flight doesn't require that fast speed and doesn't need to re-enter the Earth's atmosphere at incredible speeds, it is much less risky than orbital flight. During the return of the orbiting space capsule to Earth, the external temperature of the spacecraft can reach nearly 2,000 degrees Celsius, and astronauts once had to withstand the acceleration of 4.5 G. At the same time, the thickening atmosphere put increasing pressure on the spacecraft.</p><p>Both high speeds and high altitudes have inherent risks, and even small mistakes can have serious consequences. At an altitude of more than 15,000 meters, people can't survive without wearing spacesuits, while Bezos will fly to an altitude of 100 kilometers above the ground. But the capsule he was in was pressurized, so he didn't need a suit to keep himself safe, and if the cabin lost pressure, Bezos could use an oxygen mask. The New Shepard rocket is also equipped with an abort system to push the crew compartment and passengers away from the rocket in an emergency. The crew cabin also has a backup safety function, which allows the crew cabin to land safely even if several parachutes cannot be opened.</p><p>Even so, if the New Shepard rocket fails, there is no way to absolutely guarantee safety.</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 one of the co-pilots of the aircraft prematurely activated the plume system used to keep the vehicle stable during the descent phase. The sudden increase in drag tore the aircraft to pieces, killing one pilot.</p><p>Since then, Virgin Galactic has conducted three successful test flights of the improved version of the \"SpaceShip-2\" aircraft. Blue Origin hasn't encountered a similar accident during the testing phase. But as it has been said in the industry for a long time, getting into space is really difficult.</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":1241,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}