# 存储芯片引领半导体创纪录季度，HBM成为AI基建瓶颈

> 2026年7月5日当周的半导体与AI基础设施资讯汇总。芯片股以有史以来最佳季度收官上半年，但领涨的并非英伟达，而是美光、SanDisk、SK海力士和三星等存储芯片股，播客主持人将高带宽存储器（HBM）视为AI基建建设中真正的瓶颈。

## 每周半导体与AI基础设施播客汇总

### 2026年7月5日当周：存储芯片带动半导体创纪录季度，HBM成为瓶颈

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## 本周焦点

收官2026年上半年的这一周，被一个主题彻底主导：存储芯片"吃掉"了AI交易的热度。芯片股录得有史以来最佳季度，但领涨的不是英伟达，而是美光、SanDisk、SK海力士和三星。彭博、CNBC以及多档半导体专题节目的主持人都将高带宽存储器（HBM）视为AI基建建设真正的瓶颈。美光"怪兽级"的财报（价格环比上涨60%，毛利率处于80%区间中段）一度扭转了周中"AI交易是否已经见顶"的恐慌，尽管同一批播客也指出了硬币的另一面：超大规模云厂商的自由现金流正被资本开支大量吸收，存储器如今已占数据中心成本的30%至40%，资金正在明显地从大型科技公司的市值转移到存储器供应商手中。

## 主要主题

1. **存储器成为新的瓶颈，也是新的领涨力量。** 费城半导体指数录得有史以来最佳季度（据The Financial Exchange，二季度上涨约81%，年初至今上涨约94%），推动力来自存储与存储设备，而非GPU。美光公布价格环比上涨60%，HBM同比"增长超过300%"，美光、SK海力士和三星的毛利率均达到75%-85%，而历史常态分别为美光的十几个百分点低段和韩国两家公司的个位数高段，"毛利率高于英伟达，也高于台积电"（The Circuit，6月29日）。
2. **"照付不议"合约正在重塑存储周期。** 美光约1000亿美元的订单积压和多年期固定价格协议（HBM约占营收40%）被解读为对繁荣-萧条周期的结构性突破。首席执行官Sanjay Mehrotra两次表示自己"看不到需求何时会结束"（Squawk on the Street，6月30日）。看多的解读是：客户愿意签署长期定价协议，说明他们相信市场不会崩盘。看空的解读是：这终究还是存储芯片，中国厂商长鑫存储（CXMT）以及2028年新增产能可能会重置利润率。
3. **资本开支向存储器的巨大价值转移。** 一张在Animal Spirits（7月1日）节目中流传的野村图表显示，超大规模云厂商（亚马逊、微软、谷歌、Meta、甲骨文）的自由现金流预计将在未来12个月内从约7000亿美元降至接近于零。上周某一天，存储相关个股（SanDisk、西部数据、SK海力士、三星）市值合计上涨约5000亿美元，而苹果、微软、Meta、亚马逊和谷歌合计市值下跌约5000亿美元，"一次非常干净利落的转移"。
4. **数据中心单位成本正在飙升。** Telltales（7月1日）援引Gavin Baker的研究指出，AI数据中心每千兆瓦的全成本已达650亿至750亿美元，高于今年早些时候的300亿至500亿美元，其中存储器现已占总成本的30%-40%。据传台积电有史以来首次开始提价。
5. **定制芯片阵营向英伟达发起反攻。** 据报道Anthropic正与三星就定制芯片进行谈判；OpenAI与博通合作的"Jalapeño"芯片号称每瓦性能更优；谷歌（TPU）和亚马逊（Trainium）持续加码（AI Update、The Six Five，7月2日）。由于"叙事疲劳"，英伟达是今年迄今表现最差的主要芯片股（仅上涨约6.5%）（Bloomberg Businessweek，6月30日），尽管The Information报道称英伟达正在为新兴云厂商的GPU采购提供兜底支持，坚信需求依然"极其庞大"。
6. **光学/网络成为下一条"卖铲子"赛道。** 硅光子技术被指为AI基建的新瓶颈，黄仁勋提及英伟达已投入20亿美元，且需求已超过全球供给；相关标的为Lumentum、Coherent和Marvell，据报道黄仁勋称Marvell将成为"下一家万亿美元市值公司"（The MoneyFlows Show与Limitless，7月1日至2日）。

## 核心争论

- **这是泡沫吗？** Animal Spirits（7月1日）认为不是：市场正在通过给超大规模云厂商降低估值来"去泡沫化"，而存储个股则因真实盈利而重新估值走高（美光自2025年1月以来上涨约1400%，但目前的远期市盈率与大盘基本相当）。The Dividend Cafe的David Bahnsen（7月3日）持相反观点：半导体指数在14个月内上涨约237%，"很难以好结局收场"，并明确将其与2000年2月前的抛物线式上涨相提并论。
- **美光的下一步：打价格战还是保持纪律？** 在The Circuit（6月29日）节目中，主持人们讨论了美光——其产能到2028-2029年可能追平SK海力士——究竟应该抢占市场份额，还是应该为毛利率"设定一个底线"，以维持"存储帮"（memory mafia）之间的均衡；节目还提到三星故意泄露一项数千亿美元资本开支计划，被视为一种警告信号。
- **英伟达：仍是龙头，还是正在让出地盘？** Jim Cramer（Squawk on the Street，6月30日）认为英伟达"看不到需求见顶的迹象"，必须"大手笔"回购股票，并将其与美光作了不利的对比；他提到亚马逊约500亿美元的芯片业务和谷歌的TPU是真实的侵蚀因素。All-In（7月3日）则通过Palantir与英伟达的主权AI合作（Palantir基于英伟达的NemoTron开放模型为美国政府机构提供服务）传递出更积极的看法。
- **韩国的五千九百亿美元豪赌：会有回报，还是产能过剩？** 三星和SK海力士计划投入约5900亿美元新建存储晶圆厂（Tech Brew、Saxo Market Call、DHUnplugged），主持人们的观点分歧：一方认为这是"只要需求维持就能获得回报的国家级基础设施"，另一方则认为这是"如果AI转向本地化模型，就是典型的周期顶部产能过剩风险"。DHUnplugged还提到美国的一项反垄断集体诉讼，指控美光、三星、SK海力士协同削减供给。
- **英特尔：王者归来，还是估值已到极致？** Cramer称英特尔是"我所知道的最便宜的股票"，并认为它会"像火箭一样冲到200美元"。The KE Report（7月3日）则反驳称，英特尔在特朗普行情带动的上涨之后，远期市盈率已达约145倍，"估值已经到了极致"："我持有英特尔，但现在就想卖掉它。"

## 个股多空观点一览

| 代码 | 方向 | 来源/主持人 | 论点 |
| --- | --- | --- | --- |
| MU (Micron) | 看多 | [The Circuit](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOhYNPzchQ8gcbQOancEl7Sa0pO2PA-2BvOT3G7wW0kLgDafVGL011nTDOu5clTxysRAAfHa3nPaWEk0-2Bd-2BslH-2BD3biV1Hjb6CQ6tFvfVqx240Vg-3D-3Df-ve_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBcYmqDUfvpuTie18TaqhtkYMfY-2BKer8vah6XLKHI2NKju2OvVlEiNjNcx7HilxZNoMPt0qy9lfMAzti55b3mpnMRJKtNhHY8VudU6SMOWI-2Bh6E0EISP864XhFqr02cnyiw-3D-3D); [Rob Black Show](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOhsibeREdcxTo5ev6brNOC1G-2BmYFP09zIaPvDN1qeI-2FqyjzirIg1osf-2B1O2YL-2BF9X2-2BQmKvbNsYCSPv7sDEtS2ZjtqVehlEoQOkvb6BNEzRog-3D-3Dlm_Q_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBeb-2BUPnPnrgrv0uqgSuUVOWlsHDmy6S5HE0cSn5seSwomyhHuXNiAu6-2F6xasCj4NTZzlKfS43lYfbnDiTwGzyPj-2BHnlD1aMPuOw2oFTvDVCE2-2BjjWNL3YU6QLsh9PA-2FmqQ-3D-3D) | "怪兽级"季度：价格环比+60%，HBM同比增速超过300%，毛利率处于80%区间中段，HBM约占营收40%，订单积压约1000亿美元，年初至今上涨304%；Mehrotra认为需求看不到尽头 |
| MU (Micron) | 看空/谨慎 | [Chip Stock Investor](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOgV7pO5ZV17e2a68B6UOXyPWuXl19ujp8kLcvBDtTIREL1FWERo80KzJ5105okWpxLMDEN86JqUxH9Abf16VQ4C3IjoP-2FlKFlMSZ9GIB66cIw-3D-3Dc8Pl_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBXXv-2FS-2F-2FCZpqVh0g7ALuDlHIMGmDULf5XLpjm7KVSEf2s7KVn-2FS5B3nsfh9AM5oGd5VrU-2FVfT6sRY-2BnVEhUnmQDek-2FXKdeHbZPDXX9SXe71oFjnKTNpGfcIMxFrVGV6Yig-3D-3D); [Animal Spirits](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOg1hA-2BUTbADSUdiuhEfaOpJLzDmMOXeHb9KZ06yDUrcWh4T3j5g5JrKQsXjfPcc9KhPn8ZS8Ym8ntMh-2FfQH-2BS8U1NsNV-2B1yLOfq2ugYp21ZKA-3D-3DTE3w_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBUHIKKNE0OzJJDNEWHMxdvo6dBJmffLQVm390v83HewDu7rkdA478JoJIbsu1cP7xm83CquOblJxuKdVICeA3FLH4ZtsY6f-2BTc0aW2jzZNdQSV2cDBmP8hrP5Dk4L4wuVg-3D-3D) | 三日内下跌27%；美光、SK海力士、三星三大厂产能释放叠加CXMT入局，未来3-5年可能压缩利润率；"存储股会不会跌50%？很可能会。" |
| NVDA (NVIDIA) | 看空/谨慎 | [Bloomberg Businessweek](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOhLR8YoV2TW2jBlpXNeqTfavrl3lgpOQ1QnExmbDBLXY2upghEfSklIBT6n8RsuLTrDmASVAKwmYMvyYEUsa0Yqnq3-2BOnDDq-2BKy8qtF02UvzA-3D-3DbpQC_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBd5lOhvX0zHXkcfnAJrx-2B-2BheK1PhUGsNzBqd-2FrKewAo-2FGmW1eoootTiGtksVImU3LuRPY7b0infzHvAB-2Fq8NCE2VHev1-2B623q5ENfr-2B-2FHQ-2BZxrUDeSoaBI-2BUDolVvEkukQ-3D-3D); [Squawk on the Street](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOi-2FfaRjRYFfY4YXn-2FI1u5z9h35YOYR8-2FFVN4dpCbqFu9V8WrBiye8B-2B62AeZRP0XKDdszRwT0HU8lz1JPqFHiUNGUy9zmKcgu3xcLULDOpnBA-3D-3D4QeQ_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBeirqw0M2yIWHf-2BWYxjAaTVOQGV3WnskfmpSXBlTfCoV0wrMM-2FEfNvbSEX5MdZhSPpo9F0w0eeCKdITSr0RnlRgn0V-2BnhHda-2FIe2fROl-2FqNfXoX1-2B6NbZ-2F6PCAEfOXGqOg-3D-3D) | 年初至今表现最差的主要芯片股（仅上涨约6.5%），原因是"叙事疲劳"；面临亚马逊（约500亿美元芯片业务）、谷歌TPU、Cerebras的竞争；必须积极回购股票 |
| NVDA (NVIDIA) | 看多 | [All-In](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOhu-2BvIAvye2xLdz6csqyAJlfdPQ4GXO8a8aZMOMwBvKXYsMuR4nNz7O0ZNl3KUgmsFvQ4XUGuGXrbSDo9VN5vRapD-2FUc3j7SL48URO57aKIqg-3D-3Dpjfr_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBXiVVhfVL8A09vW6-2FJ4H0XukUFMW2HF-2BT8rxIgnFPRGsxvT8YyzI3Ok76nTj49P2AyyUS5Z9BovYSsyLRqCgbbUEOgaF3b-2BL2CFkwlGElU-2Be2zaCpG914nMJtYHVE-2BZniw-3D-3D); [The Information's TITV](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOgz-2FeecWjZGjL6KPKUFN4a5cfkXbOCv7100cfLebmNVTmWBqbVF8XtUg7NukRwdIuKiOxKqpIPNJhWiEg6Oh-2BJM-2B-2F3VIjW7tkitwqcncHA2HQ-3D-3Du6u9_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBXpXJeVUQa0P4-2F886YjG9pMkHSrUb2MHT-2BUTI-2BwPpZ9muzWuVAfTsu-2BF7H0kPQYhV5x2utNZixjb5AvJi9UPid6kr3k2-2BFrVOMJ5nlp9AAueqwGVXGh1ZEEGpe5CFVR-2F-2BQ-3D-3D) | Palantir与英伟达的主权AI合作（NemoTron）带动企业级芯片需求；英伟达为新兴云厂商的GPU采购提供兜底，坚信需求依然"极其庞大" |
| INTC (Intel) | 看多 | [Squawk on the Street](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOi-2FfaRjRYFfY4YXn-2FI1u5z9h35YOYR8-2FFVN4dpCbqFu9V8WrBiye8B-2B62AeZRP0XKDdszRwT0HU8lz1JPqFHiUNGUy9zmKcgu3xcLULDOpnBA-3D-3Dkt3C_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBWOpaP3gtQ-2F5LriWOfvXvhowe21B6Jhme7SVimbtPvwPvnJc1JtJOgFyIxyN-2BL7ptMMI0qZO68hJZxN-2Frmr4RF-2BGMLlimacXFhUG0zrfB4IuWbCp0qpX7jl68LRf1DX4AA-3D-3D) | Cramer："我所知道的最便宜的股票"，最佳CPU复苏故事，"会像火箭一样冲到200美元" |
| INTC (Intel) | 看空 | [The KE Report](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOh6FxHdSdKoE-2FpzQA2M5R-2Fg67LKx7b3SBWWCuXFfXk8wwWQ0FPZyxyIiLMDzXHgNA06DBEi097u46xBfbhf31wyNRL5lr7xrtZwSbiNMnxCAA-3D-3DP4lj_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBcqM4MMf3EaRV1vcVoqd5q4ySI8Qki4A0MIeHiZZeyHtaKV5XZGfLUjOUGgia9hvR-2BHV8cKcDF4mryjZjhOn6KKSTzX8rHJiifDucyWX3n4Vi-2BvVs980QkUMFeILGhhbbA-3D-3D) | 特朗普行情带动上涨后，远期市盈率约145倍，"估值已经到了极致"："我持有英特尔，现在就想卖掉。" |
| AMD | 看多 | [Squawk on the Street](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOi-2FfaRjRYFfY4YXn-2FI1u5z9h35YOYR8-2FFVN4dpCbqFu9V8WrBiye8B-2B62AeZRP0XKDdszRwT0HU8lz1JPqFHiUNGUy9zmKcgu3xcLULDOpnBA-3D-3D7uga_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBSIUUP-2BKdbgsWoXLB8wsL0TUPLa4PW3QnxYJphW8e96e3SPBIjS7QqPzQWjGVUfn9NX94aXGZr3l8BAqnxbul2DHUVi1TguikgVrUIHGiNveuAVj8Xib4G8jhkXLjCec7w-3D-3D) | 自1975年以来最佳季度；同时具备CPU与GPU业务敞口；"AMD的涨势还没结束" |
| AVGO (Broadcom) | 看多 | [The Six Five](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOhqIC2s3swzB-2F9oz8zGHSi4UJpoNGOr8BCVAfU-2F-2B5S7cl6ewV9Rm2YHyqPs4j-2FgQ2BPDizJT6-2Fhzom7EKwqLrGBU40W4DatW3K21N85pT8w1A-3D-3D0o_C_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBVHnO7zNFFlwt6aFuR1Y1I3z4qscxbrzpa7p5g7FO6gxLfVsf9Z8OlVNSMaKKV9ep0cCBlIASiFG8AhzALzxwqdf8iK9czPn11jxkaLlTFWR1oliODrEZcjIersIYcLxiw-3D-3D); [AI Update](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOiqGafN5Fte-2BKIwITCd9hA6bhYi96dD98u79nSVdBThdY12UjdXUzl-2FH5wd5kUi5gBM4OhaAI43o0334vwDAHcZe6z12mKhPzADWow0x0S-2Ffg-3D-3DjR_4_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBTRkLJIrf0Pw2QtzsCnVMRjMVHSdvlOTMye3Mz3ekOZ-2FZ3FBqPM0SZamU95xLPAq48zsI7OCDAjcYxc74-2BtDs0U-2FJi-2FbzCIBRnuTpgYzulZNyUr8Ra69u8XxSXoLniCbBQ-3D-3D) | 定制芯片赛道赢家：作为OpenAI"Jalapeño"芯片的合作伙伴，宣称每瓦性能更优；网络业务特许经营优势明显 |
| MRVL (Marvell) | 看多 | [Limitless](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOipRAiJpF3ObQoz8szWfFkpb3jPefoQCv36pRyy32Voc9ZHetWHcSGlqO8wv0iHp0AVbuBgn8Z242q-2FqIiUz5r-2BNOijyDReMKY9-2BBxuAQGoBA-3D-3DpRYw_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBQUqPOicpnVZl-2FY5CQHZgUvTRHa4sqBglr6oIpBnQBodwAFnMlbmTC-2FTzPEkO9IJba-2Bk7X6hho2C2gQ-2FtQbwG6ZzmUE5ht2VM2TA-2BhnWTxQjA0hWEwz1jP0CNMjVk1DVKg-3D-3D); [The MoneyFlows Show](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOiqLVfRAzDfF8GKrf4adZmuK-2FG29cxa79i6ZdcVBIHQtOyx7OfPeevgEeLNSjrZAYrrzXetDeRhqQmHgCb3bV-2Bklp4Dt4N8WAveDjxQyN2EWw-3D-3DEUfu_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBWm1WKqRIDQj5RIfmnPqXtiq1wABpEiSVUsSvzrkRniCnRiswEi5Pwt6SzU0s4ynvj2B2hPpP0gwcBM05iQfwL6abDs9b9OZCf8GqhzoLByyqiRKbUT7exgQFLKYOhBpAQ-3D-3D) | 在芯片内部与芯片间供电及光学互联方面至关重要；据传黄仁勋称其为"下一家万亿美元公司"；数据中心业务持续扩张 |
| LITE (Lumentum) | 看多 | [Chip Stock Investor](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOgV7pO5ZV17e2a68B6UOXyPWuXl19ujp8kLcvBDtTIREL1FWERo80KzJ5105okWpxLMDEN86JqUxH9Abf16VQ4C3IjoP-2FlKFlMSZ9GIB66cIw-3D-3D71Tz_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBbET23VTDH8Qeos6CrSgGjxg-2FMynntZbAq3fNrrBgCTFAo2yJcNMohvr9tYd7VG8TamZwCuIbN4ngSEw9VPAfu0EiztQq1ILoP0Us6DC6ZSqpYIxLoPpsRldjwTKPp2iEA-3D-3D); [The MoneyFlows Show](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOiqLVfRAzDfF8GKrf4adZmuK-2FG29cxa79i6ZdcVBIHQtOyx7OfPeevgEeLNSjrZAYrrzXetDeRhqQmHgCb3bV-2Bklp4Dt4N8WAveDjxQyN2EWw-3D-3DbV9e_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBQDUnAqKawzoaUfkj5CkNsVU5qd8IseEABYWNH7zqadDCX95Hp69KFEWl5VF3cZaXf3Ds-2B9lUabNVF4HN8OYUNJDhMLn4lw0pGNQBeFeSUh8T4t94cvZ-2BHFRnbNE1nxeBg-3D-3D) | 光学网络领域的首选纯正标的；硅光子需求已超过全球供给；出货量同比从2000万件增至6000万件 |
| COHR (Coherent) | 看多 | [The MoneyFlows Show](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOiqLVfRAzDfF8GKrf4adZmuK-2FG29cxa79i6ZdcVBIHQtOyx7OfPeevgEeLNSjrZAYrrzXetDeRhqQmHgCb3bV-2Bklp4Dt4N8WAveDjxQyN2EWw-3D-3DvUro_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBRB84V414cHUzdtKhPNVnfPvKVHQPIKD8tqmjrPBIF2CZSZdIktX87iXg2ryFrxB-2Fi8BcSfhJL0o2IOwYJPO9TkDYsmpcjGJyRJiQzzRbTGMNXJIZcNzy-2BdA-2F0koXEPN9A-3D-3D) | 第三财季营收增长27%，每股收益增长55%；受益于硅光子业务 |
| ORCL (Oracle) | 看空 | [Telltales](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOiwdha9KrNM-2BcQNce4As52hFYHdr4PuSydMFC9S1PBz9aDbyZwqkqvjH6-2FZOsHLNKAEEKBwnoGGrk-2BbrdgLHtNfw4pnks4FssSvNxGUgW5JXg-3D-3DeiSo_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBSedifH-2Bj9e6nZQ9SEKasZNkX8SbJmu4mWrMYwXY-2BJCsmbBNAKb0HaIFhAqyLWKGwvUCDtQ-2FXoJrnjbS-2FHi2eOPonguS6EnLtUo-2BsfVgNdpStOQ0MAzrx-2BF7vQvW0OlwZA-3D-3D) | 表现最差的一周（自2001年以来最差）；最大客户OpenAI的资金来源存疑；资本开支承诺规模巨大 |
| META (Meta) | 多空交织 | [Futurum Equities](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOgSwXuy2rRWhiSQ3Xnei6AkthMQ6pipls02g-2FNgfFttYCx3dQZyZH5YSIgB-2B0xz2y2igh9j05he8yxHp0aKlAsZQVUkSYwMX-2BAlNVahcnVoMQ-3D-3DC4XG_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBTid-2FEJGFTcMW2fRLcfADGUpx6y3C5cG95OxpDszQYLvEUFPTUTNioi1b0kdnaTst-2BbnUakYw3XpwSR9-2FMJeKCXKbniKN52FfhgZbDfhV6N-2B-2FYxMJ0bBRk3pPUsRhUQWQQ-3D-3D); [The Rundown](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOgwHC84NNplHJXQJlSXYH1wG3HJC6RvEWfFQIc1sq6qdkxGNUnquuaa9YDaskkWXWuZAgfBaZbj-2B0MoR-2FGiV-2BYyMLQlj-2FdLyCu7pv92nnjtzg-3D-3Dr__n_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBX621ob-2BBy96nRjcntHuIXCmPqS-2BFBT-2BhrPXhTejpftEo8GrM-2BdONNiK50DCw2NK6q0vXB09QkNM4gb3PU-2FbxdRVsB-2BTb8RsMpT-2F6HANI3fFgEsbPg2F2W9wohl-2FN6Lq1g-3D-3D) | 看多观点：一夜之间将1450亿美元资本开支转化为"Meta Compute"新业务。看空观点：出售过剩算力容量，暗示AI算力供给可能正在追上需求（半导体ETF下跌6%） |
| QCOM (Qualcomm) | 看多 | [The Six Five](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOhqIC2s3swzB-2F9oz8zGHSi4UJpoNGOr8BCVAfU-2F-2B5S7cl6ewV9Rm2YHyqPs4j-2FgQ2BPDizJT6-2Fhzom7EKwqLrGBU40W4DatW3K21N85pT8w1A-3D-3DsrnO_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBSeOREwf-2FKf-2FeGpj3phLpQx3d3jjoDccaw7PaFq-2FVKn6NMwhcdErgJ0tl-2FgXnubc2SPhU2guRMEuGMWQAg836BE9cYsGHEyKVFB8nAWaery1ci-2FzYFDr9DnB0W-2FiOj2NrQ-3D-3D); [Automotive News Daily Drive](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOiIjv1bS9LMBcnKM3b6Oh1yv-2B-2BNfwxNLD0GMzq5-2BlGL0iLJEzgO9cs1IzwJoBw4iq9c449AB4OD5GR9oiNPIqnnTmx82A4bFWoQh2UFTG-2FN3Q-3D-3DK6rg_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBV2sR9gZW7M6l9FMKvhbLUEtMb8uA-2BujEcMjLI-2Ffjk6GvUzrpNuBzh5DeilC7rYlW6XwI1ynYLODV5xvBaWLPMqjca2uX0gxCeke9fFcDyGesgEJAIYlF0unSIWEj1IMOg-3D-3D) | 数据中心业务首秀（定制CPU/加速器、HBM存储架构）；骁龙数字座舱平台使高通"跻身汽车领域最大厂商之一" |
| SNDK (SanDisk) | 看多（动能驱动）/谨慎 | [The Financial Exchange Show](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOgdpKMEApuqcPScnDn7hqQfH-2BrSZ2QP4C-2FeffLwKHi-2FhNZiUJCo6tdBd9LZe8y1Ji5cMmPb-2BbRX1Mg-2FIIZVs3o3jonrOkKakxNug0vuKoojew-3D-3D9AtP_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBS5-2BdxYPP65IZjvuVToZEKHF8wEch-2FEcEJ6tPohkLgcy7jk34iQBgWFv1KPF0YFg1q8f63y-2FK8tS-2BfrRjav1BL-2FDMEkO-2BivBoqLr5n4dGwJMdcm-2F8xMlK1zTVp9OBv3XYg-3D-3D); [Animal Spirits](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOg1hA-2BUTbADSUdiuhEfaOpJLzDmMOXeHb9KZ06yDUrcWh4T3j5g5JrKQsXjfPcc9KhPn8ZS8Ym8ntMh-2FfQH-2BS8U1NsNV-2B1yLOfq2ugYp21ZKA-3D-3D7Ial_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBTmbF9kjp5NXsDXdEntPyzsgGmAXFYTi2wyIShVoOEUbBFrGipaIQ8EKn-2FEr9rEcN3MTs2CZE1tN7MXAErat4qnNDkWC1ku-2FykV8LnfP-2FtrFshlOFfq37S29CHUhhNXmzA-3D-3D) | 因存储短缺六个月内上涨约764%；受动能驱动（先在300美元买入，后在625美元加仓）；大幅波动是双刃剑 |
| Samsung / SK Hynix | 多空交织 | [Big Take Asia](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOjDTBLW2EVNOTSUZFIRSEOktfQxVV3qWYwxrczLTc-2FcW8yYrRgVu9f4QNZlyL2MC4pxGH11VYLrilzr9uznX0l9pvSd40KcM4o0SPVlZJvJSA-3D-3DAKKB_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBaIWCXSAXT4LHGVOoLsIhLmVfR9u6rDCqHR59uyAW0fjeszsTXRB3rRWoaNzQB44zvg3-2FdWak4u75jvd1vRNbyRr-2Fbgciu4kUHb56oKieCsBISb5iI-2BtARE1XgQqZMY-2Few-3D-3D); [Chai with Pabrai](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOhmwdD94KIOsdX5sLh5XNhZ99ONh9ZH6HIuZKZy8smxloihx72oCFeZ991QZ-2FWlez68pyFR97JvwKMow0WtIldKXfgVa4O3uRh2Nx1e09h87A-3D-3DcksP_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBWNguZiQl3zo-2FyxmdruQ0Lze6yj7NukuFQQSWZpR2x8-2F04b38CLUr-2B7oqs8I7cLpmqNLIX5shdyqDYueabsC87bN-2BfdnS-2BI5jwOXgBTpmOlo5eQ5xzY3VgJ6-2FffppypnqA-3D-3D) | 看多观点：护城河稳固，"淘金热中的镐头"，占据约80%的HBM市场份额，供给无法满足需求。看空观点：尽管市值已达万亿美元级别，交易表现却"像meme股一样"；估值是最大风险 |
| KLAC (KLA) / ASML | 看多 | [Stock Market Today With IBD](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOiCrlZD0ENkZ8MkkwcGT1h04XlPpSx3XVL8ZwehaY3LjaouX1c6s1EN0dWCJlhrUiQL-2FfZWkrZs7xHuWAduKoHQmFNNN3yGxkrhjnAE0CXoiQ-3D-3DCjI0_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBZPj0CHIuntbMY42uByQhtwO41hRF1r7HfpQsn8NsMmo7KXCPcPCbEvZW50srYVOHn5p3mwRSi2qIGHXsXtiepWbeQUfFJGYbBmd4Q7-2B1YdpT73zIBoKyrS7pQKKTPQyGg-3D-3D) | 设备制造商股价创新高，站稳21日均线支撑，受益于强劲的芯片需求 |

## 节目索引

- The Circuit, "EP 181: Cerebras Earnings, QCOM Investor Day, Micron Earnings and the Memory Mafia" (2026-06-29): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOhYNPzchQ8gcbQOancEl7Sa0pO2PA-2BvOT3G7wW0kLgDafVGL011nTDOu5clTxysRAAfHa3nPaWEk0-2Bd-2BslH-2BD3biV1Hjb6CQ6tFvfVqx240Vg-3D-3D6BOF_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBcylzSRGj4mPt3g-2Fpu-2Bofl31lV-2BqMvI2uk-2Bs8UZcs5wLMl6-2Ba3079Y1KnV-2Fz1EHg1JygiPMDFIJQ4eO4jBA-2B-2Fe5iJxRULuGsZLxO2sxaHzoxXiK0VSYKIgZKbOjyD6oiHA-3D-3D)
- The Six Five with Patrick Moorhead and Daniel Newman, "Qualcomm's Data Center Debut, OpenAI's Jalapeño, and the Memory-as-Strategic Infrastructure Debate (Ep. 310)" (2026-06-29): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOhqIC2s3swzB-2F9oz8zGHSi4UJpoNGOr8BCVAfU-2F-2B5S7cl6ewV9Rm2YHyqPs4j-2FgQ2BPDizJT6-2Fhzom7EKwqLrGBU40W4DatW3K21N85pT8w1A-3D-3DMIUi_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBd-2BhRaimzUiJ53lF7c5VFCSulVoszNejiGHEvJwBWzCwfQ5TqkeUTSgcaKG8KXQEw2AICM09rqz8AWmKqNveyBZ5wGZnJpXxXHJUyIiNfngDntsDMafd0uPCzB2GmWDYYw-3D-3D)
- The 7investing Podcast, "Is Moore's Law Dead? Cerebras IPO, SpaceX Orbital Data Centers & Huawei Tau Scaling Explained" (2026-06-29): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOgMd5vB2Ovz02qznH-2F757i-2FfkjAaFvR-2BhAyiKvn4bv6YrzP5naWdlxE-2FkOLkYEYxqbKBitAwFjuBzP0GtyZ5-2F-2F47KbgTyb6EcG7T539sHxGqA-3D-3Dy_mp_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBfAkRRv7pN1GH0wU7bmK68LwSkpHDBSwClcKKfTTPZGRSrOTZSz5YFS2h7KsuP7fh8LoDInHpAH2ZNU8ZkFVG1rhFiL2Gl7x-2F2aeNHZqdCevWgGUiSN9i2WXDQfnohRd4g-3D-3D)
- Tech Brew Ride Home, "Mythos Back?" (2026-06-29): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOhtGH3PORZLF79r2MrE9BhNPRE-2BJbqYFZkF3nawSCf2U4gwkt7ba-2BJuyVAx4J5M-2BLg1kWDXpQLu-2FYngfFJP42vKY5c992iowMzGe4wY9Fighg-3D-3DQar4_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBSZtXwh-2FpG6p5LJ6ciZo5APrRwdK-2Fk-2BKBJClDPc0omLHFXiMkSnJStV-2BWn0LQxfa-2BJU9aDNJGiaV7fMerXTcc5zpfClWd5z7RmrpR7Y0F4ZOqE77j-2FRPSeESd-2BjeMXAFlA-3D-3D)
- Saxo Market Call, "Flat Friday on the index surface, but bonkers beta underneath" (2026-06-29): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOgpgALU-2BsrTe2Tg4KbFea76YSUnZc3enwTnxEfd1A33-2BPsseR25EEuNSMNJq3frbXj2Rym4s5j61tHdJNjGlDPTddon4rE9lH40xAOgdGAfKg-3D-3Dj5jW_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBXZOjnP5ZVJfAPGBCpuf-2Bb4qhVkQN-2B4cj99f8aaBLZljXYKZoMteBMc6Tgim5tfPrVcP2v-2FUROk4cRMPlZLSh4cck99L4Q-2FLRAQmtY8ZF6CXcZl99csqP-2BdPw-2Bcqg74nQg-3D-3D)
- Stock Market Today With IBD, "Is This The Bounce We Needed? Dell, KLA, Nebius In Focus" (2026-06-29): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOiCrlZD0ENkZ8MkkwcGT1h04XlPpSx3XVL8ZwehaY3LjaouX1c6s1EN0dWCJlhrUiQL-2FfZWkrZs7xHuWAduKoHQmFNNN3yGxkrhjnAE0CXoiQ-3D-3Dxl6m_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBZVbr-2FhXXnlkqVIgjAZGx-2FAZwkKvyAsPyU93K-2BOK6e4WDfddWEfsnZpkvAUjVmTIJUWCUVuU7AA-2BP3jR7c5XVUxaSkkBiwFfn0X9Zu2cnOtaani2I8bzkJxmxfROwZtK2Q-3D-3D)
- Automotive News Daily Drive, "Texas closing in on California as largest market; Qualcomm's Nakul Duggal" (2026-06-29): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOiIjv1bS9LMBcnKM3b6Oh1yv-2B-2BNfwxNLD0GMzq5-2BlGL0iLJEzgO9cs1IzwJoBw4iq9c449AB4OD5GR9oiNPIqnnTmx82A4bFWoQh2UFTG-2FN3Q-3D-3DB9hp_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBQ82SCTme03JSV0iYakZvO9q1kzsx6xFHNALq6gFdC2nOXYz6kYHSnDxm4E0jF0Yi65FDBY8AgwcxjNommH1vMzORa2dNlNhDGQ0p9H-2B-2FcmZzwSMBFcuVJ9vfUzOLuj6Cg-3D-3D)
- Bloomberg Tech, "Chip Stocks on Track for Best Quarter Ever" (2026-06-30): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOgxoAtXShoS3EPk0UdOJ2kGPCP9KB9X6ftJI7q4OS-2Fqs-2FtcnV8uCLbfFPk6PTR2gBT09i2ioiYJkMoHk2ZIWUUZo-2BM-2BUyhTypsmfUd3QiiHHQ-3D-3DqCPi_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBRr3EkKkusgqa2Ff-2Fu0HOIBNEm8hZVGl6-2Ffw1HGLa-2FuEp512b0Kc91Khx4F1ZjToV27rfCq-2F0S1Q-2FXPuNS3SPlhzCdQ4Ypg-2BFc-2BKolYjWM08J1jVHdodX2-2BSb5iTMMNo5w-3D-3D)
- Bloomberg Businessweek, "Chip Stocks Put Up Their Best Quarter Ever Despite Wild Swings" (2026-06-30): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOhLR8YoV2TW2jBlpXNeqTfavrl3lgpOQ1QnExmbDBLXY2upghEfSklIBT6n8RsuLTrDmASVAKwmYMvyYEUsa0Yqnq3-2BOnDDq-2BKy8qtF02UvzA-3D-3Db4ol_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBfomJ-2FQPJvideTkT2V2con0O-2Bsn1NnGK4cdW1QfZ5Xr0MTvHP3xkzdgMT6RvFPS0DIOK-2FaaCak6eQMNQhTFjCsJgXRyiA8TqZ6fXKh22lddHurQhnhvBvRBfP9chqFwBdg-3D-3D)
- The Financial Exchange Show, "AI Chip Stocks Close Out a Historic Quarter" (2026-06-30): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOgdpKMEApuqcPScnDn7hqQfH-2BrSZ2QP4C-2FeffLwKHi-2FhNZiUJCo6tdBd9LZe8y1Ji5cMmPb-2BbRX1Mg-2FIIZVs3o3jonrOkKakxNug0vuKoojew-3D-3DAlPA_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBakp3fDuu-2FwO0IFMQV3lQRF6tnnVI1-2BndACvItACaX5dwTgQZ-2B9-2BqUHAAzujE8WDEY1cclic3lPIerGokDbMcmzUjah3s9HrEEy9ln00WDnSQpZ95AkB-2FaZOqKj9Pn15Wg-3D-3D)
- Squawk on the Street, "9am Hour: Midpoint for the Markets: Bulls Rule Q2 and the 1st Half" (2026-06-30): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOi-2FfaRjRYFfY4YXn-2FI1u5z9h35YOYR8-2FFVN4dpCbqFu9V8WrBiye8B-2B62AeZRP0XKDdszRwT0HU8lz1JPqFHiUNGUy9zmKcgu3xcLULDOpnBA-3D-3DxG-z_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBZKozcLY8cDdw8K5hoWtRbntdzpKk1Lt0PWqUXwEfqxgoLpYkraZmE9tjLIy4EWOl3GRr6pZabTR7zhol93Wnv7Ba8-2BekgfK7ffDvyWl3qJzxPJimgYYK1CtDa8cSyFYZw-3D-3D)
- Invest Like the Best with Patrick O'Shaughnessy, "Etched: Building AI Hardware to Make Inference Faster and Cheaper" (2026-06-30): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOhotuhhKaiA5LJFubjWKuSQEE-2BCmtO1dgXZXaEGEwytj1NHzqwV37JLqTzS4G5KejLf6IvYGNgOPtOqXyKcDAiN1AaQR8UyHhd2dG0D-2Bdn8WQ-3D-3Dqb9r_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBX0wTQWs-2FJV8gvp3x8QpZNGdp8Oq5bkLlZqRLG-2FfpDbIbKArHp8-2FqNFkmrreiUCeXWdCv4zJn-2Fk7QpPa2doZOLR3vsVeEzt5imEZ0ITsRVCu13K1zKegX6neelx1XraSTA-3D-3D)
- Training Data, "Why Hardware-Software Co-Design Is AI's Real 100x: Dylan Patel of SemiAnalysis" (2026-06-30): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOiZ5UFNvms91WquUqwDhr-2Fkegux-2FKjYozfus5Qe0PjbmTyTOZ-2BkRBGSarlCMdUsKbv-2F0PbK3H56RD2g4tODj9c6SN-2F3HSeK1PW5s9mASp4k5g-3D-3DzO9j_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBQkexJ1oZB3pbUWZXacuGOU2qqxbIbDDh20-2FzpmDoH8dtycEKkhs7IFVVoBZ41KXeRIEQwy7-2FM-2BLIvtCExs6-2FxiqXtjvOL-2FmdetXB1y1hja7tfV70A5r5eD9Rxi3zCIyvQ-3D-3D)
- Chip Stock Investor Podcast, "Micron's $100 Billion Backlog: Are Take-or-Pay Agreements Changing the Memory Cycle?" (2026-06-30): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOhgLDZmtQ0exmeEFNMa0FA8lPdQv1QfTeZzrSxUtiRoeDFnexkq1MpPrx2WUwDlzw9-2B-2FXDOfv-2FqlrcjfgGJPoAmetyyA39cwq4MUNut2z2H4A-3D-3DLF5E_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBVkQh1WE-2BGi5j7DElCpabSAgBPxlUvhvSTuzfjQXW2WQFrc48xIXqIqsI26ausAv0Ir-2FpsPcEuEMnd59AA0HLSUB-2F8W8sPdEkqwQy905Czc6z9DjTtx1IwRv3O1JfMbbIQ-3D-3D)
- Big Take Asia, "Asia's AI Stock Frenzy Is a Warning Sign for Global Markets" (2026-06-30): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOjDTBLW2EVNOTSUZFIRSEOktfQxVV3qWYwxrczLTc-2FcW8yYrRgVu9f4QNZlyL2MC4pxGH11VYLrilzr9uznX0l9pvSd40KcM4o0SPVlZJvJSA-3D-3DEluM_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBbhBJQHCfBUa3ccB5gxvUK5jedr63SnQYOMPvhz82pAZc-2FRPMR0uX-2BiTZUwOMy3k8HPxxsVYQav-2FGlQgSUxNTocqCInsHXlifdjVmdSOuClKIsG-2FeBIJClA-2BsmSAjVDx4w-3D-3D)
- Mac OS Ken, "Dealing with RAMnarök and Apple's Security Race Against A.I." (2026-06-30): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOhBuDvUXsihC-2BDI03I7ZNno2QdQfXgGT8jzxO6H7nj1e9C470pxM4oHz8CqfKlhvFNSrOlIfCZYgXaewVu-2BCt-2B7386VE26YHvXPzrNBSyuR6Q-3D-3DDi7e_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBYnua9OnTpRL0ADW3-2BrcTPe-2B5BJevUbJ3YUMLsB8726-2B4RhBhUQ-2BJC7QHnsd-2FeSPkPVupgi4W65z-2BW-2BAelS1qg6MbNllicj7GIy-2BIKt1UEmfzspzwb0lDNT3uhCTMVzMGQ-3D-3D)
- Rob Black Show, "Markets Start Second Half of Year After Blockbuster First Half" (2026-07-01): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOhsibeREdcxTo5ev6brNOC1G-2BmYFP09zIaPvDN1qeI-2FqyjzirIg1osf-2B1O2YL-2BF9X2-2BQmKvbNsYCSPv7sDEtS2ZjtqVehlEoQOkvb6BNEzRog-3D-3D1P6l_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBZACZMJ5Pa44KdHhsfie1lHW6QvokKed4Jnt6APJhPovXsLBYQ0jyQVvyozq9jgOEg-2F9B9grGWDa8aZ6rOeFAwawX6Uf5xqO0JJwWwunThKKIdfR1C5HVR-2FjplADu4wg-2Fw-3D-3D)
- Animal Spirits Podcast, "Is Debt Fueling the Rally? (EP. 471)" (2026-07-01): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOg1hA-2BUTbADSUdiuhEfaOpJLzDmMOXeHb9KZ06yDUrcWh4T3j5g5JrKQsXjfPcc9KhPn8ZS8Ym8ntMh-2FfQH-2BS8U1NsNV-2B1yLOfq2ugYp21ZKA-3D-3DiZ_-_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBQiLLrsHh2beb74ibM9KC6Xt6ZLglxa6A8-2Fb3iwk22pjoHalXQnqfa-2B2lx38A2OQcYF2TPZ0ESoHX12d51gGSY3IRoVG5qxSvx6YmZORpHcBj9KPZa-2B7OqYPuYZvTeB9IA-3D-3D)
- Telltales, "Regulatory Capture Comes for the Labs" (2026-07-01): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOiwdha9KrNM-2BcQNce4As52hFYHdr4PuSydMFC9S1PBz9aDbyZwqkqvjH6-2FZOsHLNKAEEKBwnoGGrk-2BbrdgLHtNfw4pnks4FssSvNxGUgW5JXg-3D-3DvWUW_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBYjyEx4x-2BmeqpgQUera9zronsiNB1LodsOWmQb1zIW0zZK2hurf5BgtrvaBMkmGAEhNVMiEHYiYDHY87tF0LFAL-2BjrLERDrQaYWeBj23dZ7gBfDMxwKSUazE3GKJnZawdQ-3D-3D)
- DHUnplugged Podcast, "#808: Bulls in a Bubble Shop" (2026-07-01): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOgSBVs3EFLLdIRYzHR-2B4ma67kaBuUIgEJfqLRy386SZG-2F7GPxXo18ScaAa5Mbyj4lZy7DPxjwPGjENK63hu2lZG4QdShMtpWlnjutzhoHLjHQ-3D-3DervH_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBcNBFyrTrS7gaSnOU9AHfqE0DC-2BsYlyfEjK3Pq9pcHZuCjXJhU2nX9e444RgPjel1XxY8-2BgHX8v62fJca1RfFzRnmabJ1zMnbBVFHcJNdigh6eeUpAZd5gfFsMFsZgD3gA-3D-3D)
- Limitless: An AI Podcast, "The AI Energy Stack: The Actual Industry Winners" (2026-07-01): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOipRAiJpF3ObQoz8szWfFkpb3jPefoQCv36pRyy32Voc9ZHetWHcSGlqO8wv0iHp0AVbuBgn8Z242q-2FqIiUz5r-2BNOijyDReMKY9-2BBxuAQGoBA-3D-3DYHWS_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBUpyKIUH1a-2BwyYBJq-2FbLQ1-2BMovCN-2BDyXPGSoQ5omZ7dxFkzKZi9Rs-2Bb8KP9-2FxpZfJGMBIvZN2bM-2Bpg0wiDLdP-2F4qiW010Gm18xrHtbjR5Xtb-2BokhVwD18J2fbZi-2F0yhTFw-3D-3D)
- Chai with Pabrai, "Mohnish Pabrai's Interview with Knowledge Inside podcast" (2026-07-01): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOhmwdD94KIOsdX5sLh5XNhZ99ONh9ZH6HIuZKZy8smxloihx72oCFeZ991QZ-2FWlez68pyFR97JvwKMow0WtIldKXfgVa4O3uRh2Nx1e09h87A-3D-3D2rFQ_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBYn6S3JQ99fCG6zSgAIdIkfQ2q7eclGSnZHSB6fMh1bug8i7a37myapyqBztE1p8Dy5T-2FOGkKlduE4C7vAPovsjLigLOjFqPlCgKQBdmNjAUEnyZ-2Fo4w-2BYL-2B8nWmOmAq6A-3D-3D)
- AI Inside, "RAMageddon Reshapes Tech (And It's Not Pretty)" (2026-07-01): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOjVDjq0QC8nLE-2FdxyA7-2BDc4OKv8Xj2gIXVc21-2FhZdBunUezq9nMZxmTg-2FH-2FZsSoA3bKjS-2BWwnJ2Jdya8rmMV1gQVEnWwKVCUAPbv1Q7LDh0HQ-3D-3DgHwn_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBd2HbXMCFYfuOwr7XSG9qgBTAoMS6xqyPiw2-2Be15f3Krk0w9X-2B84wuktd3EOuI-2Bmm05N9-2FGJI62DB-2FmsOT6yhY4BMzua1VGBb0ZP0Q9fUOdk7vVR6CVjoKnR4IKcKCWZgw-3D-3D)
- AI Update, "OpenAI Offers USA 5% Equity, Anthropic and Samsung Plan Chip" (2026-07-02): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOiqGafN5Fte-2BKIwITCd9hA6bhYi96dD98u79nSVdBThdY12UjdXUzl-2FH5wd5kUi5gBM4OhaAI43o0334vwDAHcZe6z12mKhPzADWow0x0S-2Ffg-3D-3Dt8R8_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBb42HyWGKfytGu8OvNCtysKJZ4z-2Fy6mnAyfdY9knd-2B-2BXBkC3gIGL8ZNsOpI912yXbGvTHSjWmvevGOJfGmHmLNk-2FhaueShBulQTArCDiIvebTa8MbyB-2F1TAUw804VByvfw-3D-3D)
- The Rundown, "OpenAI Proposes 5% Government Stake, Apple Turns to Blacklisted Chinese Chips" (2026-07-02): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOgwHC84NNplHJXQJlSXYH1wG3HJC6RvEWfFQIc1sq6qdkxGNUnquuaa9YDaskkWXWuZAgfBaZbj-2B0MoR-2FGiV-2BYyMLQlj-2FdLyCu7pv92nnjtzg-3D-3D6Bs0_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBXK-2Bg9dhzj5HS59txfoLnlADpvKcGrpNVIY6j48gnMqU6R6vsLkwN-2FPdTRqlQndfuwFEwtH40ZnJTQI8aIzhVEtbNLZlliayLlVxjG78-2Bqgpo9BB0P3x-2FLsGVhBYz9EXbg-3D-3D)
- The MAD Podcast with Matt Turck, "Why NVIDIA Is Giving Away AI Models | Bryan Catanzaro" (2026-07-02): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOjk2VKQ5EsivH82bIwA4yCYcH8YNVkrWLH8vokbvUIJZhmhIonYKNvywNXrhLn0rxdJlLy1IHkSi20VciAqCrvTNws0OzFyu8QD51QEsmXSyA-3D-3DiG9o_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBQ9tmacT7z9TgueLnUGLO0Nwr6E7QWvon8jKUt21lpaRzlLVGEhmqDCizFHhtbqVHGVAA5lP-2B4CNrQOSKl9TLGWl0hAYx2bmjmX7T3fw194A998Swb8x8LSCQ39qCZO-2F3w-3D-3D)
- The Information's TITV, "Microsoft's True Value of $3.8T, Nvidia's Cloud Revenue Cut, Can AI Be Conscious?" (2026-07-02): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOgz-2FeecWjZGjL6KPKUFN4a5cfkXbOCv7100cfLebmNVTmWBqbVF8XtUg7NukRwdIuKiOxKqpIPNJhWiEg6Oh-2BJM-2B-2F3VIjW7tkitwqcncHA2HQ-3D-3DrYC1_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBQaPrRV0M4nuwWgUC5CTt-2BTnAQ5MqoyVP3DTrfV8rN5Ri8jMTkML55fX-2FFa2DLwrAJldbbPxofmDwqHs7LGraDULmsDNKZl6bXoO-2Btq5C4GTaowHnziMLba3s8k-2BUcV-2Fhw-3D-3D)
- Futurum Equities Podcast, "META flipped $145B of CapEx into a new business overnight (Ep 48)" (2026-07-02): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOgSwXuy2rRWhiSQ3Xnei6AkthMQ6pipls02g-2FNgfFttYCx3dQZyZH5YSIgB-2B0xz2y2igh9j05he8yxHp0aKlAsZQVUkSYwMX-2BAlNVahcnVoMQ-3D-3DgPXl_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBfLgQ5TNoWKCibTZMoYW60ouJCUCpAPgtyVRwd-2B5Dfh9iLO-2BaUgrDiUqHWscV30qz7UKVV2Iae9qisKwx-2Fq3j94FKOn4dAe4aNlJEWXDkYKXan8Du2fjucIYc87RkcxmWg-3D-3D)
- Nareit's REIT Report Podcast, "Barclay's Brendan Lynch on Data Center REITs' Extended Growth Opportunity Amid AI Demand" (2026-07-02): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOjYSyoWBahtoQTCbyorA9ysbdO3f-2BakaaRP478dd6q-2FPLUHuVnhGekKuEhLVHv-2BughI-2FF2Mmh61V5jCacVGN691tJPYu7e6YV-2Fj03B9ej-2FOPQ-3D-3DxzK-_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBYj6th-2Bn9EnyHcUPOg0EATHIpuNZmZLk3RBsC8mzzT572-2Bh57xyAjv8eRg-2FRjDoEv3UgFU3G9ZM-2FX4P5k-2F-2BSSCUiw7DuK0wJOHaoOpyU6gmXxAVI7EsPP-2BN-2FpKA-2FdKCjqA-3D-3D)
- The MoneyFlows Show, "Ep. 31: Top 5 Silicon Photonics Stocks to Own in 2026 and Beyond" (2026-07-02): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOiqLVfRAzDfF8GKrf4adZmuK-2FG29cxa79i6ZdcVBIHQtOyx7OfPeevgEeLNSjrZAYrrzXetDeRhqQmHgCb3bV-2Bklp4Dt4N8WAveDjxQyN2EWw-3D-3D15-0_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBXR8U6miSIang6m-2BFwmY5phnK7kzjKO9Ey2x-2BGsONbrCYgRSoO5jXp-2FHjIlSwFvoQq-2BlOj2N8EWO1BXhCyp9XddeMkmpwK155YWrOFDyQJ-2FaBs0xE-2BvXMxBkukavnYhedg-3D-3D)
- All-In with Chamath, Jason, Sacks & Friedberg, "AI Sovereignty Wars, Palantir-Nvidia Deal, SCOTUS Birthright Ruling, Newsom's CA Budget Lie" (2026-07-03): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOhu-2BvIAvye2xLdz6csqyAJlfdPQ4GXO8a8aZMOMwBvKXYsMuR4nNz7O0ZNl3KUgmsFvQ4XUGuGXrbSDo9VN5vRapD-2FUc3j7SL48URO57aKIqg-3D-3DMbM5_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBVgyB-2FzfosCNp4MjoytGVMvuF8Ld7R4BYJhSB4OAXL-2BcMA4UQ4jb9bJ1mng8K7NqKlNoFDQthERx3uuAdi4000Qx-2BNltT-2FPiaOWAQDfSjeHBgzHxwO6wjK19ACANXr5jYA-3D-3D)
- The Dividend Cafe, "A Different Kind of Mid-Year Report" (2026-07-03): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOgSNn5pGsowRK5xZV9m8paL0htgxBhiHVV8NWwRE412rhY0dVqXuIIgjl7PoCzT6O5qm7fHqe9L9d4nYT3V6dY-2BOolyhG1US-2FWPRB2bTkSR6w-3D-3DmHnT_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBXyf6KcKcgM7KAhHX19iVjRYikiIVedf5jIarbN3QGslm-2BqdhbUrs6lBepz2yoSM2wu-2BAELZibZGrdfL6-2Bg79449PSRYlrgMF2O7-2Fui0-2BPqfISrJVbYxsqc6ZAWz8-2BjKOw-3D-3D)
- The Rollup, "AntSeed Founder: The AI Inference Boom That Is Set To Explode (Here's Why)" (2026-07-03): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOj1XNVPt7-2B371J3PugLeBDAh-2BJVTZmtJuUezj9M7LDSYwcwemVbe3lTB030m3p-2BjHsBEwPs-2Fa6HiKBw31PEAXq01ybT-2B-2FoWlyUK3icZIs2BnA-3D-3D8y2o_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBXvlt5muzMQqx1Hf1chb6nZ4yyfDF4uVFVDctFgzLRCaPTMexuLOGVmbCTGw6GiiFvR-2FFotxKnUwkAop35xd0mv1eiuwb9JBy8yzWmhdtz2K5AYHxTs4sgi6fciCmKQktw-3D-3D)
- The KE Report, "Joel Elconin: Keep An Eye On The Violent Rotation Trade Under The Surface Of US Equity Markets" (2026-07-03): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOh6FxHdSdKoE-2FpzQA2M5R-2Fg67LKx7b3SBWWCuXFfXk8wwWQ0FPZyxyIiLMDzXHgNA06DBEi097u46xBfbhf31wyNRL5lr7xrtZwSbiNMnxCAA-3D-3DK5dZ_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBWHAJ1o7U3-2B09FBDs2V92pFJfaQkeJtHvxeFDWXfLkhpUEuPMvcNJJIRDZWC9z2cb4Qv0txKybiAIwQGulxlOIxWVW15UHa3ZAM6Z-2FjztWFLhcLLjO5C566p7Tj9-2Fz0EZw-3D-3D)
- Chip Stock Investor Podcast, "Memory & Optical Stocks Up 100%+ in 2026: Why We're Not Selling (Micron, SK Hynix, SanDisk, Lumentum)" (2026-07-04): [链接](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOgV7pO5ZV17e2a68B6UOXyPWuXl19ujp8kLcvBDtTIREL1FWERo80KzJ5105okWpxLMDEN86JqUxH9Abf16VQ4C3IjoP-2FlKFlMSZ9GIB66cIw-3D-3DYW9Y_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbXD1ay3Ji7o2AQL-2BF2iq3hqzFnUKZ5WdZOrKR8az7HRBS99k-2BLDQP2UEbtUTHyLYMXBViEUje-2BB-2FN2ZBjDdASXDTwrFq0WRQ-2BEppzo3LIR7FLL8gzerWJ48XABnm3TX1u9xLS64ygnbgH1si2LedbZ68uHORkcvDr2y7d1fiklObQ-3D-3D)

---

## 在 Matterfact 获取完整播客文字记录

本简报由 Matterfact 制作。Matterfact 收录了 1.2 亿多集播客的完整全文文字记录，并整合了 SEC 文件、财报电话会议和金融数据集。上文引用的每一集和每一句话都可追溯到其原始文字记录。

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