EWY
Korea Discount终结的起点：《商业法》修订通过股息税从约45%降至约14至30%、KOSPI创历史新高首破约5500点、SK Hynix HBM3E供不应求全年已售罄、外国资本净流入同比翻倍、国民年金基金增加国内股市配置——当前股价约$121，较历史高位仍有显著距离，市场尚未充分定价韩国公司治理改革从政策公告到实际执行的结构性估值重估周期——今天是最清晰的新兴市场公司治理改革红利正在释放、但国际资金尚未大规模流入的布局窗口 The starting point of the end of the Korea Discount: revision of the Commercial Act passed, cutting dividend tax from about 45% to about 14% to 30%, KOSPI reached a record high for
市场简报 Market Brief
2026年3月6日 / Mar 6, 2026 你好，希望你今天一切都好。 Hello, hope you're having a great day. 中东局势正在急剧升温。霍尔木兹海峡已经关闭，因为油轮不愿意冒险穿越。迪拜遭到袭击，阿联酋、卡塔尔、巴林、科威特、沙特阿拉伯和阿曼同样首当其冲，伊朗已发射了数百枚导弹和数以千计的无人机。 The situation in the Middle East is escalating rapidly. The Strait of Hormuz has closed as tankers refuse to risk the passage. Dubai has been
ACHR
过去三年，ACHR累计上涨约232%。过去一年，股价在约$4.5至约$12之间剧烈波动。 In the past three years, ACHR has risen by approximately 232% cumulatively. In the past year, the stock price has fluctuated violently between approximately $4.5 and approximately $12. 今天的股价：约$6.2，距高位约$12跌去约一半。 Today's stock price: approximately $6.2,
SMR
过去一年，SMR从52周低点约$11涨至历史高位约$57，涨幅超过四倍。 In the past year, SMR has risen from a 52-week low of approximately $11 to an all-time high of approximately $57, an increase of more than fourfold. 今天的股价：约$12，从高位跌落约八成。 Today's stock price: approximately $12, a drop of about 80%
OKLO
先看这个数字 Look at this number first 2025年，OKLO从低点约$5一路涨至历史高位约$194，涨幅超过10倍。 In 2025, OKLO rose from a low of approximately $5 all the way to an all-time high of approximately $194, an increase of over 10 times. 然后从高位跌回今天约$58，从高点回落约七成。 Then it fell back from its high to approximately
交易机会 Trading Ideas
Q1营收$2.403亿同比增长355%、$97亿微软五年AI云端合同签署（20%预付款到账、约$19.4亿年化ARR、约85% EBITDA利润率）、$36亿低息GPU融资到位与微软预付款合计覆盖95%资本支出、超$92亿融资年初至今全部到位、$28亿现金储备、超4.5GW锁定电力储备仅需约10%即可支撑$34亿ARR目标、140,000 GPU扩张路线图在轨、AI云端营收Q2季度环比增长137%——Q2过渡期账面亏损以非现金项目为主引发-17%暴跌、比特币挖矿收入下滑压制近期营收、股价较2025年11月高点回落约52%至约$37：$97亿微软合同已经签署、$19亿预付款已经到账、Childress数据中心正在建设——市场用过渡期账面数字折价出售了一家AI基础设施资产价值接近其今日市值的垂直整合平台，今天是最清晰的建仓窗口 Q1 revenue $240.3 million up 355% year-over-year, $9.7 billion Microsoft
市场简报 Market Brief
2026年3月5日 / Mar 5, 2026 你好，希望你今天一切都好。 Hello, hope you're having a great day. 今天市场开盘延续震荡走势，但真正重要的信号，往往藏在数字背后。 Markets opened with continued volatility today, but the signals that truly matter are rarely found in the surface-level red and green flashes. 财报季收官：美国企业表现远超预期 Earnings Season Wrap: U.S. Companies Far
交易机会 Trading Ideas
Q1 AI营收$84亿同比增长106%超自身预测、Q2指引$220亿同比增长47%、Q2 AI营收加速至$107亿同比增长140%、Anthropic $210亿订单确认、OpenAI正式成为第六大XPU客户、2027年AI芯片营收超$1000亿路径获CEO公开承诺——宏观避险情绪将股价压制在$312错杀区间，今晚财报后盘后已反弹至约$332：全球定制AI芯片最重要平台的最大入场窗口，正是今天 Q1 AI revenue $8.4 billion up 106% year-over-year exceeding own forecast, Q2 guidance $22 billion up 47% year-over-year, Q2 AI revenue accelerating to $10.7
AVGO
AI基础设施的隐形霸主：$1620亿订单积压与VMware软件飞轮 The hidden king of AI infrastructure: $162 billion backlog and the VMware software flywheel Q1 FY2026总营收$193亿，同比增长29%，创季度纪录；AI营收$84亿，同比增长106%，超自身指引；EPS $2.05，超预期9%；Q2总营收指引$220亿，同比增长47%；Q2 AI营收指引$107亿，同比增长140%并继续加速；AI订单积压$73亿，锁定约两季度100%能见度；CEO Hock Tan明确表示，2027年AI芯片营收有望超过$1000亿——今天白天股价约$312，宏观避险情绪将全球最重要的定制AI芯片平台压制在错杀区间：今晚财报已经彻底证伪所有“
MRVL
FY2026全年营收$81.95亿创历史纪录同比增长42%、Q4营收$22.19亿同比增长22%超指引中值$1900万、数据中心营收$16.51亿同比增长21%占总营收74%、非GAAP每股盈利$0.80超预期、非GAAP净利润$24.66亿同比增长81%、管理层承诺「FY2027每季度营收增速逐季加速」、Q1 FY2027指引$24亿超华尔街此前预期$22.7亿约6%、收购Celestial AI与XConn Technologies打通光子互联关键缺口——股价从52周高点约$113大幅回调至约$75：全球定制AI芯片最重要的设计合作商、光电互联第一供应商，FY2026设计赢单创历史纪录，市场对客户集中度的担忧正在折价出售AI数据中心最不可替代的基础设施半导体平台 FY2026 full-year revenue of $8.195 billion set an all-time record, up 42%
trading-ideas
Q2指引$187亿超华尔街预期32%、HBM全年供给售罄一颗不剩、大亿富翁David Tepper增持200%——中东地缘政治引爆韩国记忆体股崩跌、美股MU今日随之重挫8%：AI记忆体超级周期最强受益者的最佳错杀入场窗口，正在今天开启 Q2 guidance $18.7 billion exceeding Wall Street expectations by 32%, HBM full-year supply sold out not one unit remaining, billionaire David Tepper increased holdings by 200% — Middle East geopolitical situation triggered Korean memory stock crash, U.S.-listed MU
交易机会 Trading Ideas
Q4营收$103亿超预期23%、EPS超预期23.4%、OpenAI 6GW合作协议、MI450与Helios H2量产——Q1指引环比下降5%引发盘后重挫8%、科技板块整体抛售叠加错杀：AI算力格局最重要的第二选择，H2 2026最强营收爆发前的最佳建仓窗口正在今天开启 Q4 revenue $10.3 billion beating expectations by 23%, EPS beating expectations by 23.4%, OpenAI 6GW cooperation agreement, MI450 and Helios H2 mass production — Q1 guidance quarter-over-quarter decline of 5% triggered after-hours