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15

May 2026

循环式AI经济：来自Cerebras IPO的启示

AI点燃沉寂两年的美股IPO：晶圆级芯片商Cerebras超额认购20倍、定价跳升至185美元挂牌。中美IPO分化：美国靠需求与“绑定关系”，中国走政策筛选；关键看AI资本开支能否持续。

14

May 2026

英伟达：对华H200交易或将塑造下一波AI贸易格局

H200对华放行点燃英伟达新催化：黄仁勋随特朗普访华，市场押注出货破局。中国带来上行却不确定，出口管制与高估值叠加，股价波动加剧。

8

May 2026

业绩超预期却股价下跌：财报悖论

业绩超预期股价却暴跌？PayPal、SHOP等示范“beat-and-drop”谜题：关键不在标题数字，而是指引、超预期质量、财报前涨幅与估值“完美定价”，情绪再放大波动。

8

May 2026

参议院结束拖延：《清晰法案》（CLARITY Act）推进加密货币市场发展

美国《CLARITY Act》僵局破！参院就稳定币“收益”达两党妥协，法案重启冲刺7月4日；市场随措辞剧烈波动，Coinbase与Circle领涨，山寨币更敏感。

7

May 2026

超微（AMD）股票：AI增长面临估值考验

AMD财报与Q2指引双双超预期，数据中心营收飙57%成引擎，叠加OpenAI、Meta大单加持。悬念：估值偏贵、毛利率能守？能否追近NVIDIA？

2

May 2026

地缘政治筹码：把经济当作武器

权力不再靠军火，而靠管道、关税与支付系统。能源、稀土、OPEC与SWIFT成新武器，全球转向“安全优先”重组；投资者别再低估战略依赖风险。

1

May 2026

当贸易纾困遇上能源冲击

关税退税潮来了：GM料拿回5亿美元、UPS启动退款，企业成本稍喘。惟布油冲破111美元，霍尔木兹受阻推升通胀，利润线遭“双向夹击”，波动加剧。

30

Apr 2026

星巴克扭转局势面临利润率考验

星巴克SBUX财年Q2业绩超预期并上调指引，“回归星巴克”带动美国客流与同店销售回升。最大悬念是利润率：人力、咖啡豆与关税压力下，增长能否兑现盈利。

24

Apr 2026

假期计划悬而未决：航空股陷入观望盘整态势

暑假旺季航班爆满，航空股却承压？霍尔木兹冲突推高航油近翻倍，Q1因“先卖票后涨油”暂好看；Q2起成本入账，指引下调与强弱分化恐扩大。

24

Apr 2026

礼来：蓄势前行的制药巨头

乱市找韧性股？礼来靠GLP‑1领跑与70亿美元并购扩产品线，但亚马逊分销压价、Teva专利诉讼添变数；股价或牵动制药板块波动与交易机会。

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