mingming88 personal page - To The Moon

mingming88

mingming88

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2024-02-26

$英伟达(NVDA)$ 👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻

2022-04-22

$老虎证券(TIGR)$good luck

2022-04-24

$老虎证券(TIGR)$good luck

2022-04-04

$老虎证券(TIGR)$good luck

2022-04-13

$老虎证券(TIGR)$good luck

2023-01-18

👍👍👍💯💯💯

2022-05-08

$老虎证券(TIGR)$good luck

2021-07-31

Good luck

Baidu can't let go of the game

2021-07-30

/hi

TSMC's 2nm production plan approved, mass production expected in 2024

2022-05-09

$老虎证券(TIGR)$good luck

2022-04-03

$老虎证券(TIGR)$good luck

2021-08-01

Good luck

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2021-08-01

Hi

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2021-07-31

Hi ☺️

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2021-07-30

Hi

How will the global market go in August? These events will affect risk sentiment

2022-05-13

$老虎证券(TIGR)$good luck

2022-05-07

$苹果(AAPL)$good luck

2022-05-02

$老虎证券(TIGR)$good luck

2022-04-18

$老虎证券(TIGR)$good luck

2022-04-17

$老虎证券(TIGR)$good luck

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href=\"https://ttm.financial/S/TIGR\">$老虎证券(TIGR)$</a>good luck&nbsp;","listText":"<a href=\"https://ttm.financial/S/TIGR\">$老虎证券(TIGR)$</a>good luck&nbsp;","text":"$老虎证券(TIGR)$good luck","images":[{"img":"https://community-static.tradeup.com/news/f14ea716ed43807c41c4d29584d00f9f","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9085096176","isVote":1,"tweetType":1,"viewCount":704,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9084067875,"gmtCreate":1650778881005,"gmtModify":1676534791931,"author":{"id":"4088639267266550","authorId":"4088639267266550","name":"mingming88","avatar":"https://static.tigerbbs.com/1ec74de8efaef0c387a7c858c35fab49","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088639267266550","authorIdStr":"4088639267266550"},"themes":[],"htmlText":"<a 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href=\"https://ttm.financial/S/TIGR\">$老虎证券(TIGR)$</a>good luck&nbsp;","listText":"<a href=\"https://ttm.financial/S/TIGR\">$老虎证券(TIGR)$</a>good luck&nbsp;","text":"$老虎证券(TIGR)$good 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href=\"https://ttm.financial/S/TIGR\">$老虎证券(TIGR)$</a>good luck&nbsp;","listText":"<a href=\"https://ttm.financial/S/TIGR\">$老虎证券(TIGR)$</a>good luck&nbsp;","text":"$老虎证券(TIGR)$good luck","images":[{"img":"https://community-static.tradeup.com/news/b961079c96146ab6009ce9c644ebb0b1","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9062965667","isVote":1,"tweetType":1,"viewCount":907,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":802349116,"gmtCreate":1627723631135,"gmtModify":1703495235884,"author":{"id":"4088639267266550","authorId":"4088639267266550","name":"mingming88","avatar":"https://static.tigerbbs.com/1ec74de8efaef0c387a7c858c35fab49","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088639267266550","authorIdStr":"4088639267266550"},"themes":[],"htmlText":"Good luck","listText":"Good luck","text":"Good luck","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/802349116","repostId":"2155688721","repostType":4,"repost":{"id":"2155688721","kind":"highlight","pubTimestamp":1627701182,"share":"https://ttm.financial/m/news/2155688721?lang=en_US&edition=fundamental","pubTime":"2021-07-31 11:13","market":"hk","language":"zh","title":"Baidu can't let go of the game","url":"https://stock-news.laohu8.com/highlight/detail?id=2155688721","media":"镜像娱乐","summary":"百度再一次“杀”回了游戏市场。\n7月28日，百度游戏品牌发布会正式召开，现场对外发布了23款游戏新品。其中包括《Island Crossing》《Call of Mini:Zombies Return","content":"<p><a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Once again \"killed\" back to the game market.</p><p>On July 28th, Baidu game brand conference was officially held, and 23 new game products were released on the spot. These include 14 casual games such as Island Crossing, Call of Mini: Zombies Return and Garden, as well as Wu Geng Ji, Dream<a href=\"https://laohu8.com/S/000997\">New World</a>\"And other 9 heavy games. It can be seen that Baidu Games will focus on the two tracks of casual + heavy games in the future, trying to jump out of the distribution-based model, and instead focus on distribution and self-research, while exploring the international market.</p><p><img src=\"https://static.tigerbbs.com/03a57d99cd21d4a4e96e39ef0a7df836\" tg-width=\"1080\" tg-height=\"540\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>From strategy to product, Baidu Games' move can be regarded as an important move to return to the game. As an Internet giant with a huge traffic pool, Baidu has always been favored by the industry for making games. However, until Baidu divested its game business in 2017, the platform did not find a development model that suited itself.</p><p>Nowadays, the game industry is changing,<a href=\"https://laohu8.com/S/00700\">Tencent</a>、<a href=\"https://laohu8.com/S/NTES\">NetEase</a>Taking away a big piece of the cake, leading forces such as Ali, ByteDance, and Bilibili have increased their weight. Competition in overseas markets has intensified, and new forces in the game industry have mushroomed... Baidu games, which chose to return at this time, has also made the current competitive environment become more complicated.</p><p><h3><b>The highlight of traffic monetization</b></h3>At the press conference, Xu Jian, general manager of Baidu Games, summarized the future development direction into two points: one is to provide services, that is, to provide distribution services for game manufacturers based on its own traffic ecology and product matrix; Another point is to make products, or cooperate with industry partners, or independently research and develop, and launch competitive game products.</p><p>From these two points of view, Baidu Games returned to the market this time, with a relatively steady pace, and its layout direction is based on its own advantages.</p><p>First, games have always been the highlight of traffic monetization, and Baidu is a traffic ecosystem with 1 billion users. On the Baidu APP alone, the monthly active users exceed 540 million. Moreover, according to official disclosures, the average daily number of users searching for game-related content on Baidu has reached 100 million times, of which 25.3% are looking for games, 45.5% are playing games, and 29.2% are looking for services.</p><p><img src=\"https://static.tigerbbs.com/d82ae2c46c176ed12cdee8a4ee00afbb\" tg-width=\"650\" tg-height=\"416\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>In other words, Baidu is still an important entrance for netizens to contact games. The hundreds of millions of traffic generated in the ecosystem every day are related to games, which is also the key why Baidu cannot easily let go of the game business.</p><p>Second, around Baidu's own traffic ecology, on the one hand, the service capabilities of the search business enable the platform to have cooperative relationships with many domestic game manufacturers; On the other hand, before Baidu divested its game business, its game release also had some highlights. In 2011, Baidu built a \"community-based mini-game platform\" based on the Post Bar ecosystem, and got involved in game distribution. The cumulative number of users exceeded 70 million in three days.</p><p>From advertising to distribution, Baidu's connection ability in the game industry makes it easier to find partners, laying the foundation for subsequent intermodal transportation, distribution and other businesses. At this press conference,<a href=\"https://laohu8.com/S/09990\">Zulong Entertainment</a>, Youmi Mutual Entertainment, etc. are all partners of Baidu Games' joint development products. Xu Jian also revealed that Baidu Games is also preparing to build a new developer platform, which will give many strategic support and profit-making.</p><p>Third, although Baidu has distanced itself from Tencent and Ali, Baidu is still an Internet giant in the first echelon. If the platform tilts its capital to games, it may not have the strength to compete with other platforms with financial support. At present, Baidu Games has completed the establishment of two self-research teams and officially entered the development stage.</p><p>However, judging from the products released by Baidu Games, casual games still account for a larger proportion, while among the heavy games with higher user stickiness, most of them are \"code-named\" products, and the landing time is unclear. This means that Baidu still has a long way to go before it can truly become competitive, and this road is not easy.</p><p><h3><b>The game business that can't be \"lost\"</b></h3>It is not surprising that Baidu has regained its game business, especially in recent years, Baidu has been looking for new revenue growth points outside its search business.</p><p>Back in 2017, Baidu sold Baidu Games for nearly 1.2 billion yuan. This action was part of Baidu's implementation of the \"Aircraft Carrier Plan\". At that time, Baidu independently operated literature, video, games, music, maps, food delivery and other sections through business \"spin-off\". The industry generally believed that Baidu was trying to get rid of its dependence on the search business. During the same period, Baidu also made further efforts to labor<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>A new direction, trying to transform into a smart technology company. From the perspective of this development, today's Baidu may need games more.</p><p>First of all, from the perspective of its internal development, the idea of business \"spin-off\" has not helped Baidu establish advantages in many fields.</p><p>Among them, Baidu's best-developed video business hatched<a href=\"https://laohu8.com/S/IQ\">IQiyi</a>, but iQiyi has accumulated losses of tens of billions so far, which not only does not make money, but also consumes huge operating costs. In addition, although Baidu's map market penetration rate is high, the monetization model of the map business is still unclear.</p><p><img src=\"https://static.tigerbbs.com/edc6630b89c5e58130682294de8830bf\" tg-width=\"650\" tg-height=\"563\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>In other businesses, the field of literature is still dominated by China Literature; In the music market<a href=\"https://laohu8.com/S/TME\">Tencent Music</a>Occupying a larger share, NetEase Cloud Music came from behind; In the food delivery industry, Meituan and Ele.me are competing... In contrast, Baidu has not formed the strength to compete with it, and it is difficult to become a new pillar in the future in terms of performance contribution.</p><p>Secondly, in the external competitive environment, Baidu is facing increasing pressure.</p><p>In recent years, the industry has begun to discuss frequently whether ByteDance will replace Baidu as the third largest Internet giant? Behind this, although there is no direct conflict between the two sides, ByteDance is gradually encroaching on the market that once belonged to Baidu.</p><p>In the final analysis, what Baidu and ByteDance do is information distribution, and the latter seized the opportunity of the rise of the mobile Internet and seized the market with a unique algorithm. Later, it entered the short video game based on the same algorithm system and established its own advertising system and monetization model. In this process, Baidu was the one that suffered the most. In other words, the market covered by Baidu's search business has been threatened, and it is becoming more and more urgent to find new growth points.</p><p><img src=\"https://static.tigerbbs.com/0bd74003ddc66f316f5a4afa89fa7e74\" tg-width=\"1080\" tg-height=\"540\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>ByteDance game \"Ragnarok RO: The Birth of a New Generation\" has a monthly turnover of 150 million</p><p>Furthermore, for Baidu's own development, the new positioning of artificial intelligence has not yet become a large-scale monetization opportunity.</p><p>Financial report data shows that as of the fourth quarter of 2020, Baidu's revenue from search services and transaction services accounted for nearly 80% of total revenue, while the company's revenue from AI and cloud services accounted for less than 20%.</p><p>Before the performance creativity of artificial intelligence is formed, it may be a better choice for Baidu to develop a game business with higher traffic monetization efficiency. And in terms of the empowerment of cloud games by technological development, laying out the game business in advance can more efficiently resonate with the company's technical strength in the future.</p><p><h3><b>Delicate return timing</b></h3>In fact, although Baidu once sold Baidu games in a high profile, it never really left this market.</p><p>At the beginning, after Baidu Games was divested, it was renamed Duoku Games. As Baidu's only platform-level entrance in the game business, it maintained a close cooperative relationship with Baidu. In the same year, Baidu APP was connected to the smart mini-game portal; In 2019, Baidu invested in the game company Butterfly Interactive; Until this year, Baidu applied for the registration of trademarks such as \"Baidu Games\" and \"Baidu Games MG.BAIDU.COM DU\", and held a brand launch conference not long ago to officially \"restart\" this track. Baidu seems to have been waiting for an opportunity, but the timing of choosing to return at this time is still somewhat delicate.</p><p>On the surface, the competition in the game market is becoming more and more fierce at present. The two leading forces of Tencent and NetEase are still unshakable, and Internet giants such as Alibaba, ByteDance, and Bilibili have also begun to divide their spheres of influence in this market.</p><p>Domestically, after Ali continued to deepen his cultivation in the field of games, the hatched \"Three Kingdoms Strategy Edition\" and \"Three Kingdoms Fantasy Continent\" performed well, and both ranked in the TOP10 mobile game revenue list of the App Store. Among them, in the first half of 2020 alone, the total turnover of \"Three Kingdoms Strategy Edition\" reached 3.7 billion. Taking this as a starting point, Ali gradually gained a firm foothold in the game field; ByteDance has been making more and more strides in the game market recently. In March of this year, the company acquired the game company Mutong Technology at a high price of 26 billion yuan, and acquired the most influential MOBA game \"Endless Showdown\" in Southeast Asia; In addition, Station B also continues to consolidate its strength on the two-dimensional game track through capital layout.</p><p><img src=\"https://static.tigerbbs.com/a2557f4955deb03cc8a5e455e81407a4\" tg-width=\"1080\" tg-height=\"508\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Abroad, accompanied by<a href=\"https://laohu8.com/S/00799\">IGG</a>, Lilith and other game manufacturers have emerged from overseas markets, and this market has also become the layout scope of more domestic leading forces. The original blue ocean advantage is gradually fading in the fierce competition, and it is also difficult for new entrants to seize market share. increasing.</p><p>However, in such a development environment, some new forces are still \"emerging\". Especially with the emergence of \"Genshin Impact\", the revenue reached US $245 million within 30 days of its launch, once surpassing the revenue of \"Honor of Kings\" and \"Peace Elite\" in the same period, ranking first in the global mobile game revenue list. The company behind it, MiHoYo, has also become hot.</p><p><img src=\"https://static.tigerbbs.com/fa4d5c6dc9ad9c4c73abc473abf4cd38\" tg-width=\"1080\" tg-height=\"692\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>The emergence of this phenomenon has stimulated the sensitive nerves of the head forces, and also accelerated the pace of \"hunting\" by giants. Take Tencent, which has made the biggest move, as an example. According to statistics from Mirror Entertainment, in the first half of 2021, Tencent participated in investing in as many as 49 game companies, and invested in one company every 4 days on average.</p><p><img src=\"https://static.tigerbbs.com/643cf0b0e11b9df8d22b62da650634e1\" tg-width=\"549\" tg-height=\"2866\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>However, through this phenomenon, it actually reflects that, on the one hand, the current game market is far from saturated, and the market can accommodate more popular game products; On the other hand, the fierce competitive environment has also brought more variables to the current game market. Under the industry law that explosive models will eventually be replaced by new explosive models, new entrants are not without opportunities. Perhaps this is the key to Baidu's choice to return to the market at this time.</p><p>However, opportunities are reserved for those who are prepared, and Baidu is obviously too far behind. At the press conference, Wang Hui, deputy general manager of Baidu Games, also said frankly: \"After the restart, the advantages of Baidu team are still not obvious. The team has been thinking about how to use Baidu's resources and get out of Baidu Games' own way.\" But in the unpredictable game market, there is not much time left for Baidu to think.</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>Baidu can't let go of the game</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\">\nBaidu can't let go of the game\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">镜像娱乐</strong><span class=\"h-time small\">2021-07-31 11:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Once again \"killed\" back to the game market.</p><p>On July 28th, Baidu game brand conference was officially held, and 23 new game products were released on the spot. These include 14 casual games such as Island Crossing, Call of Mini: Zombies Return and Garden, as well as Wu Geng Ji, Dream<a href=\"https://laohu8.com/S/000997\">New World</a>\"And other 9 heavy games. It can be seen that Baidu Games will focus on the two tracks of casual + heavy games in the future, trying to jump out of the distribution-based model, and instead focus on distribution and self-research, while exploring the international market.</p><p><img src=\"https://static.tigerbbs.com/03a57d99cd21d4a4e96e39ef0a7df836\" tg-width=\"1080\" tg-height=\"540\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>From strategy to product, Baidu Games' move can be regarded as an important move to return to the game. As an Internet giant with a huge traffic pool, Baidu has always been favored by the industry for making games. However, until Baidu divested its game business in 2017, the platform did not find a development model that suited itself.</p><p>Nowadays, the game industry is changing,<a href=\"https://laohu8.com/S/00700\">Tencent</a>、<a href=\"https://laohu8.com/S/NTES\">NetEase</a>Taking away a big piece of the cake, leading forces such as Ali, ByteDance, and Bilibili have increased their weight. Competition in overseas markets has intensified, and new forces in the game industry have mushroomed... Baidu games, which chose to return at this time, has also made the current competitive environment become more complicated.</p><p><h3><b>The highlight of traffic monetization</b></h3>At the press conference, Xu Jian, general manager of Baidu Games, summarized the future development direction into two points: one is to provide services, that is, to provide distribution services for game manufacturers based on its own traffic ecology and product matrix; Another point is to make products, or cooperate with industry partners, or independently research and develop, and launch competitive game products.</p><p>From these two points of view, Baidu Games returned to the market this time, with a relatively steady pace, and its layout direction is based on its own advantages.</p><p>First, games have always been the highlight of traffic monetization, and Baidu is a traffic ecosystem with 1 billion users. On the Baidu APP alone, the monthly active users exceed 540 million. Moreover, according to official disclosures, the average daily number of users searching for game-related content on Baidu has reached 100 million times, of which 25.3% are looking for games, 45.5% are playing games, and 29.2% are looking for services.</p><p><img src=\"https://static.tigerbbs.com/d82ae2c46c176ed12cdee8a4ee00afbb\" tg-width=\"650\" tg-height=\"416\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>In other words, Baidu is still an important entrance for netizens to contact games. The hundreds of millions of traffic generated in the ecosystem every day are related to games, which is also the key why Baidu cannot easily let go of the game business.</p><p>Second, around Baidu's own traffic ecology, on the one hand, the service capabilities of the search business enable the platform to have cooperative relationships with many domestic game manufacturers; On the other hand, before Baidu divested its game business, its game release also had some highlights. In 2011, Baidu built a \"community-based mini-game platform\" based on the Post Bar ecosystem, and got involved in game distribution. The cumulative number of users exceeded 70 million in three days.</p><p>From advertising to distribution, Baidu's connection ability in the game industry makes it easier to find partners, laying the foundation for subsequent intermodal transportation, distribution and other businesses. At this press conference,<a href=\"https://laohu8.com/S/09990\">Zulong Entertainment</a>, Youmi Mutual Entertainment, etc. are all partners of Baidu Games' joint development products. Xu Jian also revealed that Baidu Games is also preparing to build a new developer platform, which will give many strategic support and profit-making.</p><p>Third, although Baidu has distanced itself from Tencent and Ali, Baidu is still an Internet giant in the first echelon. If the platform tilts its capital to games, it may not have the strength to compete with other platforms with financial support. At present, Baidu Games has completed the establishment of two self-research teams and officially entered the development stage.</p><p>However, judging from the products released by Baidu Games, casual games still account for a larger proportion, while among the heavy games with higher user stickiness, most of them are \"code-named\" products, and the landing time is unclear. This means that Baidu still has a long way to go before it can truly become competitive, and this road is not easy.</p><p><h3><b>The game business that can't be \"lost\"</b></h3>It is not surprising that Baidu has regained its game business, especially in recent years, Baidu has been looking for new revenue growth points outside its search business.</p><p>Back in 2017, Baidu sold Baidu Games for nearly 1.2 billion yuan. This action was part of Baidu's implementation of the \"Aircraft Carrier Plan\". At that time, Baidu independently operated literature, video, games, music, maps, food delivery and other sections through business \"spin-off\". The industry generally believed that Baidu was trying to get rid of its dependence on the search business. During the same period, Baidu also made further efforts to labor<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>A new direction, trying to transform into a smart technology company. From the perspective of this development, today's Baidu may need games more.</p><p>First of all, from the perspective of its internal development, the idea of business \"spin-off\" has not helped Baidu establish advantages in many fields.</p><p>Among them, Baidu's best-developed video business hatched<a href=\"https://laohu8.com/S/IQ\">IQiyi</a>, but iQiyi has accumulated losses of tens of billions so far, which not only does not make money, but also consumes huge operating costs. In addition, although Baidu's map market penetration rate is high, the monetization model of the map business is still unclear.</p><p><img src=\"https://static.tigerbbs.com/edc6630b89c5e58130682294de8830bf\" tg-width=\"650\" tg-height=\"563\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>In other businesses, the field of literature is still dominated by China Literature; In the music market<a href=\"https://laohu8.com/S/TME\">Tencent Music</a>Occupying a larger share, NetEase Cloud Music came from behind; In the food delivery industry, Meituan and Ele.me are competing... In contrast, Baidu has not formed the strength to compete with it, and it is difficult to become a new pillar in the future in terms of performance contribution.</p><p>Secondly, in the external competitive environment, Baidu is facing increasing pressure.</p><p>In recent years, the industry has begun to discuss frequently whether ByteDance will replace Baidu as the third largest Internet giant? Behind this, although there is no direct conflict between the two sides, ByteDance is gradually encroaching on the market that once belonged to Baidu.</p><p>In the final analysis, what Baidu and ByteDance do is information distribution, and the latter seized the opportunity of the rise of the mobile Internet and seized the market with a unique algorithm. Later, it entered the short video game based on the same algorithm system and established its own advertising system and monetization model. In this process, Baidu was the one that suffered the most. In other words, the market covered by Baidu's search business has been threatened, and it is becoming more and more urgent to find new growth points.</p><p><img src=\"https://static.tigerbbs.com/0bd74003ddc66f316f5a4afa89fa7e74\" tg-width=\"1080\" tg-height=\"540\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>ByteDance game \"Ragnarok RO: The Birth of a New Generation\" has a monthly turnover of 150 million</p><p>Furthermore, for Baidu's own development, the new positioning of artificial intelligence has not yet become a large-scale monetization opportunity.</p><p>Financial report data shows that as of the fourth quarter of 2020, Baidu's revenue from search services and transaction services accounted for nearly 80% of total revenue, while the company's revenue from AI and cloud services accounted for less than 20%.</p><p>Before the performance creativity of artificial intelligence is formed, it may be a better choice for Baidu to develop a game business with higher traffic monetization efficiency. And in terms of the empowerment of cloud games by technological development, laying out the game business in advance can more efficiently resonate with the company's technical strength in the future.</p><p><h3><b>Delicate return timing</b></h3>In fact, although Baidu once sold Baidu games in a high profile, it never really left this market.</p><p>At the beginning, after Baidu Games was divested, it was renamed Duoku Games. As Baidu's only platform-level entrance in the game business, it maintained a close cooperative relationship with Baidu. In the same year, Baidu APP was connected to the smart mini-game portal; In 2019, Baidu invested in the game company Butterfly Interactive; Until this year, Baidu applied for the registration of trademarks such as \"Baidu Games\" and \"Baidu Games MG.BAIDU.COM DU\", and held a brand launch conference not long ago to officially \"restart\" this track. Baidu seems to have been waiting for an opportunity, but the timing of choosing to return at this time is still somewhat delicate.</p><p>On the surface, the competition in the game market is becoming more and more fierce at present. The two leading forces of Tencent and NetEase are still unshakable, and Internet giants such as Alibaba, ByteDance, and Bilibili have also begun to divide their spheres of influence in this market.</p><p>Domestically, after Ali continued to deepen his cultivation in the field of games, the hatched \"Three Kingdoms Strategy Edition\" and \"Three Kingdoms Fantasy Continent\" performed well, and both ranked in the TOP10 mobile game revenue list of the App Store. Among them, in the first half of 2020 alone, the total turnover of \"Three Kingdoms Strategy Edition\" reached 3.7 billion. Taking this as a starting point, Ali gradually gained a firm foothold in the game field; ByteDance has been making more and more strides in the game market recently. In March of this year, the company acquired the game company Mutong Technology at a high price of 26 billion yuan, and acquired the most influential MOBA game \"Endless Showdown\" in Southeast Asia; In addition, Station B also continues to consolidate its strength on the two-dimensional game track through capital layout.</p><p><img src=\"https://static.tigerbbs.com/a2557f4955deb03cc8a5e455e81407a4\" tg-width=\"1080\" tg-height=\"508\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Abroad, accompanied by<a href=\"https://laohu8.com/S/00799\">IGG</a>, Lilith and other game manufacturers have emerged from overseas markets, and this market has also become the layout scope of more domestic leading forces. The original blue ocean advantage is gradually fading in the fierce competition, and it is also difficult for new entrants to seize market share. increasing.</p><p>However, in such a development environment, some new forces are still \"emerging\". Especially with the emergence of \"Genshin Impact\", the revenue reached US $245 million within 30 days of its launch, once surpassing the revenue of \"Honor of Kings\" and \"Peace Elite\" in the same period, ranking first in the global mobile game revenue list. The company behind it, MiHoYo, has also become hot.</p><p><img src=\"https://static.tigerbbs.com/fa4d5c6dc9ad9c4c73abc473abf4cd38\" tg-width=\"1080\" tg-height=\"692\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>The emergence of this phenomenon has stimulated the sensitive nerves of the head forces, and also accelerated the pace of \"hunting\" by giants. Take Tencent, which has made the biggest move, as an example. According to statistics from Mirror Entertainment, in the first half of 2021, Tencent participated in investing in as many as 49 game companies, and invested in one company every 4 days on average.</p><p><img src=\"https://static.tigerbbs.com/643cf0b0e11b9df8d22b62da650634e1\" tg-width=\"549\" tg-height=\"2866\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>However, through this phenomenon, it actually reflects that, on the one hand, the current game market is far from saturated, and the market can accommodate more popular game products; On the other hand, the fierce competitive environment has also brought more variables to the current game market. Under the industry law that explosive models will eventually be replaced by new explosive models, new entrants are not without opportunities. Perhaps this is the key to Baidu's choice to return to the market at this time.</p><p>However, opportunities are reserved for those who are prepared, and Baidu is obviously too far behind. At the press conference, Wang Hui, deputy general manager of Baidu Games, also said frankly: \"After the restart, the advantages of Baidu team are still not obvious. The team has been thinking about how to use Baidu's resources and get out of Baidu Games' own way.\" But in the unpredictable game market, there is not much time left for Baidu to think.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://36kr.com/p/1333416961169408\">镜像娱乐</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3d671f82579a0f7a86039a21fe8fc002","relate_stocks":{"QNETCN":"纳斯达克中美互联网老虎指数","BIDU":"百度"},"source_url":"https://36kr.com/p/1333416961169408","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155688721","content_text":"百度再一次“杀”回了游戏市场。\n7月28日，百度游戏品牌发布会正式召开，现场对外发布了23款游戏新品。其中包括《Island Crossing》《Call of Mini:Zombies Return》《Garden》等14款休闲游戏，以及《武庚纪》《梦想新大陆》等9款重度游戏。可以看出，百度游戏未来将着力于休闲+重度游戏两条赛道，尝试跳出以发行为主的模式，转而以发行、自研并重，同时探索国际市场。\n\n从战略到产品，百度游戏此举可以视作其重返赛场的一个重要举动。作为一个拥有巨大流量池的互联网巨头，百度做游戏其实一直被业内看好。然而，直到2017年百度剥离游戏业务时，平台也没有找到适合自己的发展模式。\n而今，游戏行业风云变幻，腾讯、网易分走大块蛋糕，阿里、字节跳动、B站等头部势力加码，海外市场竞争愈演愈烈，游戏行业新势力更是如雨后春笋……选择此时返场的百度游戏，也让当下的竞争环境变得更加复杂。\n流量变现的重头戏\n发布会上，百度游戏总经理徐建将未来的发展方向归纳为两点：一点是做服务，即基于自身流量生态和产品矩阵，为游戏厂商提供发行服务；另一点则在于做产品，或与行业伙伴合作、或自主研发，推出具备竞争力的游戏产品。\n从这两点来看，百度游戏此次返场，步子相对稳健，布局方向都建立在自身优势上。\n其一，游戏一直都是流量变现的重头戏，而百度是一个拥有10亿用户的流量生态，仅在百度APP，月活便超过5.4亿。并且，据官方披露，用户在百度搜索游戏相关内容的日均次数达到1亿次，其中为找游戏的用户占比为25.3%，玩游戏的占比为45.5%，找服务的占比为29.2%。\n\n换言之，百度目前仍是网民接触游戏的一个重要入口，生态内每天产生的亿级流量都与游戏相关，这也是百度不可能轻易放掉游戏业务的关键所在。\n其二，围绕百度自身的流量生态，一方面，搜索业务的服务能力，使平台与国内诸多游戏厂商都存在合作关系；另一方面，百度在剥离游戏业务之前，其游戏发行也有过一些高光时刻。2011年时，百度基于贴吧生态搭建“社区化小游戏平台”，涉足游戏分发，3天累计用户便超过7000万。\n从广告到发行，百度在游戏行业的连接能力，使之能够更便捷地找到合作伙伴，为之后的联运、发行等业务打下基础。此次发布会上，祖龙娱乐、悠米互娱等都是百度游戏联合开发产品的合作方。徐建还透露，百度游戏也准备构建新的开发者平台，将给出诸多策略扶持和让利。\n其三，尽管百度目前已经与腾讯、阿里拉开了距离，但百度仍是处在第一梯队的互联网巨头，若平台将资本向游戏倾斜，在财力支持下未必没有与其他平台一战的实力。目前，百度游戏已经完成了两个自研团队的搭建，正式进入开发阶段。\n但是，从百度游戏发布的产品来看，休闲游戏仍占据更大比例，而在用户粘性更高的重度游戏中，“代号”产品居多，落地时间并不明朗。这意味着百度在真正形成竞争力之前，还有一段很长的路要走，且这条路并不容易。\n不能“丢”的游戏业务\n百度重拾游戏业务并不让人意外，尤其是在近几年，百度一直都在搜索业务之外，寻找新的收入增长点。\n回到2017年，百度以近12亿的价格出售了百度游戏，这一动作是百度实施“航母计划”的一环。当时，百度通过业务“分拆”，将文学、视频、游戏、音乐、地图、外卖等版块独立运营，业内对此普遍认为，百度在尝试摆脱对搜索业务的依赖。同一时期，百度也进一步发力人工智能的新方向，尝试向智能科技公司转型。沿着这一发展脉络来看，如今的百度，或许更需要游戏了。\n首先，从其内部发展而言，业务“分拆”的思路并没有帮助百度在多领域建立优势。\n在这之中，百度发展最好的视频业务孵化出爱奇艺，但爱奇艺至今累计亏损已达上百亿，不仅不赚钱，还消耗着巨额运营成本。此外，百度地图市场渗透率虽然较高，但地图业务的变现模式尚不清晰。\n\n而在其他业务方面，文学领域至今仍是阅文一家独大；音乐市场中腾讯音乐占据更大份额，网易云音乐后来居上；外卖行业中，美团、饿了么两强相争……相比之下，百度并没有形成与之相抗的实力，在业绩贡献上也难以成为未来的新支柱。\n其次，在外部竞争环境上，百度面临的压力越来越大。\n近几年，业内开始频繁地讨论，字节跳动会不会取代百度成为第三大互联网巨头？在这背后，双方之间虽然没有正面冲突，但字节跳动却在一步步蚕食曾属于百度的市场。\n说到底，百度和字节跳动所做的都是信息分发，而后者抓住了移动互联网崛起的契机，并以独特的算法抢占市场，后来基于同样的算法体系入局短视频，并建立自身的广告体系和变现模型。在这一过程中，受到冲击最大的便是百度。也就是说，百度搜索业务所覆盖的市场已经受到威胁，寻找新的业绩增长点正变得越来越迫切。\n\n字节跳动游戏《仙境传说RO：新世代的诞生》，月流水达到1.5亿\n再者，对百度自身的发展而言，人工智能的新定位还没有成规模的变现机会。\n财报数据显示，截至2020年第四季度，百度来自搜索服务与交易服务的收入，在总收入中占比将近80%，而公司来自AI及云服务的收入占比则不足20%。\n在人工智能的业绩创造力形成之前，发力流量变现效率更高的游戏业务，或许是百度更好的选择。且就技术发展对云游戏的赋能来看，提前布局游戏业务，未来也能更高效地与公司的技术实力共振。\n微妙的返场时机\n实际上，尽管百度曾高调出售百度游戏，但从未真正离开过这个市场。\n当初，百度游戏被剥离后更名为多酷游戏，仍然作为百度在游戏业务上唯一的平台级入口，与百度保持紧密的合作关系。同一年，百度APP接入智能小游戏入口；2019年，百度则投资了游戏公司蝴蝶互动；直到今年，百度申请注册“百度游戏”、“百度游戏 MG.BAIDU.COM DU”等商标，并于前不久召开品牌发布会，正式在这一赛道上“重启”。百度似乎一直在等待机会，但选择此时返场，这个时机还是有些微妙。\n从表面上看，当下，游戏市场的竞争越来越激烈。腾讯、网易两大头部势力仍无可撼动，阿里、字节跳动、B站等互联网巨头也开始在这一市场划分势力范围。\n在国内，阿里在游戏领域持续深耕之后，孵化出的《三国志·战略版》《三国志幻想大陆》表现亮眼，双双登上App Store手游收入排行榜TOP10。其中，仅在2020上半年，《三国志·战略版》的总流水便达到37亿。以此为起点，阿里逐渐在游戏领域站稳脚跟；字节跳动近来在游戏市场的步子也越来越大。今年3月，公司以260亿元的高价收购游戏公司沐瞳科技，将东南亚影响力最大的MOBA游戏《无尽对决》收入囊中；此外，B站也通过资本布局，在二次元游戏赛道上持续巩固实力。\n\n在国外，伴随着IGG、莉莉丝等游戏厂商从海外市场涌现出来，这一市场也成为更多国内头部势力的布局范围，原本的蓝海优势正在激烈的竞争中逐渐消退，新入场者抢占市场份额的难度也在加大。\n然而，在这样的发展环境下，一些新势力还是“冒出头来”。尤其是《原神》的出现，在上线30天内收入便达到2.45亿美元，一度超越《王者荣耀》《和平精英》同期收入，位列全球手游收入榜首位。背后的公司米哈游也随之变得炙手可热。\n\n这一现象的出现，刺激了头部势力的敏感神经，也加速了巨头“围猎”的脚步。以动作最大的腾讯为例，据镜像娱乐统计，2021年上半年，腾讯参与投资的游戏公司多达49家，平均每4天便投资一家公司。\n\n然而，透过这一现象，其实也反映出，一方面，当下的游戏市场还远未饱和，市场能够容下更多爆款游戏产品；另一方面，激烈的竞争环境，也为当下的游戏市场带来更多变数。在爆款终会被新的爆款替代的行业规律之下，新入局者并非没有机会，或许这才是百度选择此时返场的关键所在。\n但是，机会都是留给有准备的人，百度显然落后太多。发布会现场，百度游戏副总经理王慧也坦言：“重启后的百度团队优势仍不明显，团队一直在思考如何利用百度的资源，走出百度游戏自己的路。”但在变幻莫测的游戏市场之上，留给百度思考的时间已然不多了。","news_type":1,"symbols_score_info":{"BIDU":0.9,"QNETCN":0.9}},"isVote":1,"tweetType":1,"viewCount":656,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806941026,"gmtCreate":1627627917065,"gmtModify":1703493663652,"author":{"id":"4088639267266550","authorId":"4088639267266550","name":"mingming88","avatar":"https://static.tigerbbs.com/1ec74de8efaef0c387a7c858c35fab49","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088639267266550","authorIdStr":"4088639267266550"},"themes":[],"htmlText":"/hi","listText":"/hi","text":"/hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/806941026","repostId":"2155367601","repostType":4,"repost":{"id":"2155367601","kind":"news","pubTimestamp":1627627123,"share":"https://ttm.financial/m/news/2155367601?lang=en_US&edition=fundamental","pubTime":"2021-07-30 14:38","market":"us","language":"zh","title":"TSMC's 2nm production plan approved, mass production expected in 2024","url":"https://stock-news.laohu8.com/highlight/detail?id=2155367601","media":"智东西","summary":"芯东西7月30日消息，据日经亚洲（Nikkei Asia）报道，中国台湾已批准台积电生产2nm芯片工艺的计划，具体时间约在2023年启动。2nm芯片工艺预计将用于2024年苹果推出iPhone系列上。","content":"<p>Xinxi News on July 30, according to Nikkei Asia, Taiwan, China has approved<a href=\"https://laohu8.com/S/TSM\">TSMC</a>The plan to produce a 2nm chip process will be launched in about 2023. 2nm chip process expected to be used in 2024<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Launched the iPhone series.</p><p>The day before TSMC announced the news,<a href=\"https://laohu8.com/S/INTC\">Intel</a>The company also said it expects to catch up with and surpass TSMC's chips within four years. The announcement of TSMC's 2nm plan has made the challenge more difficult for Intel. It is reported that Intel has lagged behind TSMC and<a href=\"https://laohu8.com/S/SMSN.UK\">Samsung</a>。</p><p>At the same time, TSMC and Samsung are also helping Intel's competitors, namely<a href=\"https://laohu8.com/S/AMD\">AMD</a>And<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>Company (NVIDIA) conducts chip foundry production. Intel claims that it expects to regain its leading position by 2025.</p><p>For chip manufacturers, the secret to making more powerful chips is to shrink the chip process. But shrinking the chip process means putting more transistors in chips of the same size, which is a great challenge for production.</p><p>It is reported that the A14 chip used in iPhone 12 is designed by Apple and manufactured by TSMC. The A14 chip contains 11.8 billion transistors. According to foreign media 9to5Mac, the iPhone 13 is expected to use a more efficient 5nm chip process, and the iPhone 14 is expected to enter the 4nm chip process. At the same time, 3nm process chips are expected to be produced in 2023 and continue to be put into use in iPhone smartphones.</p><p>According to relevant TSMC staff, TSMC plans to start production in Baoshan, Hsinchu, Taiwan. It is understood that Baoshan Town is one of the most important chip manufacturing centers in Taiwan Province. The construction of the 2nm production plant will start in early 2022 and the installation of production equipment will begin in 2023. It is expected that this production plan will cover nearly 50 acres of land and will use 98,000 tons of water per day. Water consumption accounted for approximately 50% of TSMC's total daily water consumption in 2020.</p><p>In order to reduce water consumption, TSMC promises to use 10% recycled water by 2025 and 100% recycled water by 2030 during Baoshan production. In addition, another TSMC factory in Arizona, USA, will also start production in 2024. It is reported that it will be used to manufacture Apple A-series and M-series chips.</p><p>Conclusion: The battle over chips is urgent, and technology giants are showing their magical powers</p><p>As the heart of smart devices, chips exist in modern people's lives all the time. Various manufacturers have made chips their leading business. Chip giants are not far behind. For example, Intel's catch-up plan in the next four years is also worth looking forward to.</p><p>TSMC is also currently facing a dispute over chips. Su Ziyun, director of the Taiwan Institute of National Defense and Security, also said in an interview with the Nikkei Asian Review last year that TSMC is facing a strategic decision, that is, to focus on the US market in the future. Or in the Chinese market. Building advanced chip factories in the U.S. could be a solution.</p>","source":"tencent","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 2nm production plan approved, mass production expected in 2024</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 2nm production plan approved, mass production expected in 2024\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智东西</strong><span class=\"h-time small\">2021-07-30 14:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Xinxi News on July 30, according to Nikkei Asia, Taiwan, China has approved<a href=\"https://laohu8.com/S/TSM\">TSMC</a>The plan to produce a 2nm chip process will be launched in about 2023. 2nm chip process expected to be used in 2024<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Launched the iPhone series.</p><p>The day before TSMC announced the news,<a href=\"https://laohu8.com/S/INTC\">Intel</a>The company also said it expects to catch up with and surpass TSMC's chips within four years. The announcement of TSMC's 2nm plan has made the challenge more difficult for Intel. It is reported that Intel has lagged behind TSMC and<a href=\"https://laohu8.com/S/SMSN.UK\">Samsung</a>。</p><p>At the same time, TSMC and Samsung are also helping Intel's competitors, namely<a href=\"https://laohu8.com/S/AMD\">AMD</a>And<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>Company (NVIDIA) conducts chip foundry production. Intel claims that it expects to regain its leading position by 2025.</p><p>For chip manufacturers, the secret to making more powerful chips is to shrink the chip process. But shrinking the chip process means putting more transistors in chips of the same size, which is a great challenge for production.</p><p>It is reported that the A14 chip used in iPhone 12 is designed by Apple and manufactured by TSMC. The A14 chip contains 11.8 billion transistors. According to foreign media 9to5Mac, the iPhone 13 is expected to use a more efficient 5nm chip process, and the iPhone 14 is expected to enter the 4nm chip process. At the same time, 3nm process chips are expected to be produced in 2023 and continue to be put into use in iPhone smartphones.</p><p>According to relevant TSMC staff, TSMC plans to start production in Baoshan, Hsinchu, Taiwan. It is understood that Baoshan Town is one of the most important chip manufacturing centers in Taiwan Province. The construction of the 2nm production plant will start in early 2022 and the installation of production equipment will begin in 2023. It is expected that this production plan will cover nearly 50 acres of land and will use 98,000 tons of water per day. Water consumption accounted for approximately 50% of TSMC's total daily water consumption in 2020.</p><p>In order to reduce water consumption, TSMC promises to use 10% recycled water by 2025 and 100% recycled water by 2030 during Baoshan production. In addition, another TSMC factory in Arizona, USA, will also start production in 2024. It is reported that it will be used to manufacture Apple A-series and M-series chips.</p><p>Conclusion: The battle over chips is urgent, and technology giants are showing their magical powers</p><p>As the heart of smart devices, chips exist in modern people's lives all the time. Various manufacturers have made chips their leading business. Chip giants are not far behind. For example, Intel's catch-up plan in the next four years is also worth looking forward to.</p><p>TSMC is also currently facing a dispute over chips. Su Ziyun, director of the Taiwan Institute of National Defense and Security, also said in an interview with the Nikkei Asian Review last year that TSMC is facing a strategic decision, that is, to focus on the US market in the future. Or in the Chinese market. Building advanced chip factories in the U.S. could be a solution.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202107301431007c274969&s=b\">智东西</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":{"TSM":"台积电"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202107301431007c274969&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2155367601","content_text":"芯东西7月30日消息，据日经亚洲（Nikkei Asia）报道，中国台湾已批准台积电生产2nm芯片工艺的计划，具体时间约在2023年启动。2nm芯片工艺预计将用于2024年苹果推出iPhone系列上。\n在台积电发布消息前一天，英特尔公司还称，期待在四年内，赶上并超越台积电的芯片。台积电2nm计划的宣布，对英特尔公司来说增加了挑战难度。据悉，英特尔在芯片制造上已经落后于台积电和三星。\n同时，台积电和三星还帮助英特尔的竞争对手，即AMD和英伟达公司（NVIDIA）进行芯片代工生产。英特尔公司宣称，预计到2025年将重新获得领先地位。\n对芯片生产厂商来说，制造出更强大芯片秘诀是缩小芯片工艺。但缩小芯片工艺则意味着，将更多的晶体管放在同样尺寸的芯片中，这对于生产来说，是极大的挑战。\n据悉，iPhone 12使用的A14芯片，由苹果公司设计，台积电制造生产。A14芯片中包含了118亿个晶体管。据外媒9to5Mac报道，iPhone 13预计将使用更高效的5nm芯片工艺， iPhone 14预计进入4nm芯片工艺。同时，3nm工艺芯片预计在2023年产出，并继续在iPhone智能手机中投入使用。\n据台积电相关工作人员透露，台积电计划在台湾新竹宝山开启生产。据了解，宝山镇是台湾最重要的芯片制造中心之一，2nm生产工厂将于2022年初开工建设，并于2023年开始安装生产设备。预计本次生产计划中占地近50英亩，且每天将使用98,000吨水。用水量约占台积电2020年每日总用水量的 50%。\n为了降低耗水量，台积电承诺在宝山生产期间中，到2025年将使用10%的再生水，2030年将使用100%的再生水。另外，台积电另一所位于美国亚利桑那州的工厂，也将于2024年开始生产，据悉将用于制造苹果A系列和M系列芯片。\n结语：芯片之争刻不容缓，科技巨头各显神通\n芯片作为智能设备的心脏，无时无刻不存在现代人们的生活中。各个厂商纷纷将芯片做为主导业务。芯片巨头们更是不甘落后，比如英特尔公司在未来四年内赶超计划也值得期待。\n台积电目前也面临芯片之争，中国台湾国防与安全研究所所长苏子云去年接受《日经亚洲评论》采访中也谈道，台积电正面临一项战略决策，即是以后要把重点放在美国市场还是中国市场上。在美国建立先进的芯片工厂可能是一种解决办法。","news_type":1,"symbols_score_info":{"TSM":0.9}},"isVote":1,"tweetType":1,"viewCount":645,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9062230996,"gmtCreate":1652061496015,"gmtModify":1676535022329,"author":{"id":"4088639267266550","authorId":"4088639267266550","name":"mingming88","avatar":"https://static.tigerbbs.com/1ec74de8efaef0c387a7c858c35fab49","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088639267266550","authorIdStr":"4088639267266550"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$老虎证券(TIGR)$</a>good luck&nbsp;","listText":"<a href=\"https://ttm.financial/S/TIGR\">$老虎证券(TIGR)$</a>good luck&nbsp;","text":"$老虎证券(TIGR)$good luck","images":[{"img":"https://community-static.tradeup.com/news/b961079c96146ab6009ce9c644ebb0b1","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9062230996","isVote":1,"tweetType":1,"viewCount":750,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9018979049,"gmtCreate":1648963580893,"gmtModify":1676534429563,"author":{"id":"4088639267266550","authorId":"4088639267266550","name":"mingming88","avatar":"https://static.tigerbbs.com/1ec74de8efaef0c387a7c858c35fab49","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088639267266550","authorIdStr":"4088639267266550"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$老虎证券(TIGR)$</a>good luck&nbsp;","listText":"<a href=\"https://ttm.financial/S/TIGR\">$老虎证券(TIGR)$</a>good luck&nbsp;","text":"$老虎证券(TIGR)$good luck","images":[{"img":"https://community-static.tradeup.com/news/484a838fa03ddf1a00bfc24a136052a8","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9018979049","isVote":1,"tweetType":1,"viewCount":593,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":802719516,"gmtCreate":1627805840235,"gmtModify":1703496140409,"author":{"id":"4088639267266550","authorId":"4088639267266550","name":"mingming88","avatar":"https://static.tigerbbs.com/1ec74de8efaef0c387a7c858c35fab49","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088639267266550","authorIdStr":"4088639267266550"},"themes":[],"htmlText":"Good luck","listText":"Good luck","text":"Good luck","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/802719516","repostId":"2155816318","repostType":4,"isVote":1,"tweetType":1,"viewCount":432,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802464551,"gmtCreate":1627797327173,"gmtModify":1703496040792,"author":{"id":"4088639267266550","authorId":"4088639267266550","name":"mingming88","avatar":"https://static.tigerbbs.com/1ec74de8efaef0c387a7c858c35fab49","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088639267266550","authorIdStr":"4088639267266550"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/802464551","repostId":"1118959005","repostType":4,"isVote":1,"tweetType":1,"viewCount":781,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802355150,"gmtCreate":1627722875970,"gmtModify":1703495230223,"author":{"id":"4088639267266550","authorId":"4088639267266550","name":"mingming88","avatar":"https://static.tigerbbs.com/1ec74de8efaef0c387a7c858c35fab49","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088639267266550","authorIdStr":"4088639267266550"},"themes":[],"htmlText":"Hi ☺️","listText":"Hi ☺️","text":"Hi ☺️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/802355150","repostId":"1154964430","repostType":4,"isVote":1,"tweetType":1,"viewCount":772,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806941594,"gmtCreate":1627627951318,"gmtModify":1703493663491,"author":{"id":"4088639267266550","authorId":"4088639267266550","name":"mingming88","avatar":"https://static.tigerbbs.com/1ec74de8efaef0c387a7c858c35fab49","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088639267266550","authorIdStr":"4088639267266550"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/806941594","repostId":"1120441766","repostType":4,"repost":{"id":"1120441766","kind":"news","weMediaInfo":{"introduction":"中国大陆领先的金融数据、信息和软件服务企业，总部位于上海陆家嘴金融中心。","home_visible":1,"media_name":"Wind万得","id":"99","head_image":"https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68"},"pubTimestamp":1627665833,"share":"https://ttm.financial/m/news/1120441766?lang=en_US&edition=fundamental","pubTime":"2021-07-31 01:23","market":"hk","language":"zh","title":"How will the global market go in August? These events will affect risk sentiment","url":"https://stock-news.laohu8.com/highlight/detail?id=1120441766","media":"Wind万得","summary":"随着7月进入尾声，投资者开始关注8月市场热点事件。美联储一如既往地成为焦点，但企业财报、市场波动等因素也不容忽视。\n8月通常会带来美股交易速度的放缓，特别是在月中旬，因为这期间将近一半企业都已公布财报","content":"<p>As July comes to an end, investors begin to pay attention to the hot market events in August. The Federal Reserve is the focus as always, but factors such as corporate earnings reports and market volatility cannot be ignored.</p><p>August usually brings a slowdown in U.S. stock trading, especially in the middle of the month, because nearly half of companies have reported earnings during this period. However, at least from a historical perspective, there are still some weak seasonal trends in the stock market going into September. This is something to watch, especially given that both inflation and stock valuations remain a concern.</p><p><b>Corporate Earnings Season</b></p><p>Investors can refocus on corporate earnings season after the Federal Reserve's meeting at the end of July. The Federal Reserve is a key component, but in the long term, earnings drive the U.S. stock market. By the end of July, the second-quarter earnings season was perfectly in line with analysts' expectations and even partially beat them.</p><p>On July 19, the S&P 500 dropped 2% on fears of a Delta virus mutation, and there was a slight move; But in late July, the outstanding performance of the earnings season basically boosted the major sectors of the U.S. stock market. Into August,<a href=\"https://laohu8.com/S/DAL\">Delta Air Lines</a>Performance worries many investors. There are signs that as the virus spreads further, more countries and regions will re-tighten restrictions on outbound travel.</p><p>Markets can't anticipate changes in the virus, but if things worsen, it could mean a return to so-called \"defensive\" areas, which are fixed income, mega-cap tech stocks and the dollar.</p><p>Going back to profitability, from big banks to Snap,<a href=\"https://laohu8.com/S/IBM\">IBM</a>、<a href=\"https://laohu8.com/S/HON\">Honeywell</a>、<a href=\"https://laohu8.com/S/T\">AT&T</a>Company and<a href=\"https://laohu8.com/S/AXP\">American Express</a>, many companies performed fairly well in July reports, as did airlines and railroads. There is an argument that if railroads work well, the broader economy will do well, as transport tends to be a barometer of aggregate demand.</p><p>Investor earnings expectations are also rising for the full quarter, with analysts now expecting second-quarter earnings to rise 74.2%, compared with a previous estimate of 69.4%. Since July, companies in multiple sectors (led by financial, healthcare, information technology and communications services) have reported earnings that beat expectations, leading to an improvement in overall earnings expectations.</p><p>But on the other hand, market weaknesses remain, such as in semiconductors.<a href=\"https://laohu8.com/S/INTC\">Intel</a>And<a href=\"https://laohu8.com/S/TXN\">Texas Instruments</a>Neither of them failed to impress investors with their stock prices on the defensive. In addition, investors have digested the expectation of strong corporate earnings, and some companies need to perform well beyond expectations or have a wide room for growth in order to attract more capital inflows. This also explains why bank stocks failed to rise sharply on strong results.</p><p><b>Fed Policy Support and Economic Data</b></p><p>The \"not fighting the Fed\" doesn't seem to have changed either. It's a term coined decades ago by traders who thought the Fed would step in to shore up the stock market during any downturn. Fed Chairman Jerome Powell said earlier this month that the central bank remains committed to easy monetary policy and that high inflation is likely to cool.</p><p>The Fed's rhetoric will affect \"key indicators\" of global assets: Will US Treasury Bond yields return to an upward path in August, or will they fall below their nearly five-month low of 1.2% again? Falling yields tend to help so-called \"growth\" sectors such as tech, while rising yields tend to help \"cyclical\" sectors such as financials and energy. The tug of war between growth and value that has continued throughout the year shows no signs of disappearing.</p><p>Earlier this year, there was a lot on Wall Street that Jackson Hole could be the time and place for the Federal Reserve to announce its long-awaited tapering of its stimulus plan. That doesn't have to be the case now: U.S. bond yields have fallen steadily since the end of March, seemingly giving the Fed more room to maneuver in order to maintain its $120 billion monthly bond purchase program. It's a tactic the Fed uses to inject liquidity and keep interest rates low, and it seems to have worked.</p><p>In the first quarter of this year, the U.S. economy grew by more than 6%, and the yield on the 10-year U.S. Treasury Bond was close to 1.3% by the end of July. This is a surprisingly low yield given economic growth and high inflation month after month.</p><p>Both President Powell and President Biden said in late July that the current high inflation would not last. To be sure, most in the market will be paying close attention to July consumer and producer prices due in August, as well as the July jobs report. Job growth rebounded in June after months of weakness. The focus is likely now turning more to wage growth: if employers have to start raising wages significantly to attract workers, that could also raise inflation concerns.</p><p>By the time the Jackson Hole meeting approaches, investors may have a better sense of whether the Fed is ready to act, or at least predict stimulus from the Federal Reserve. Some economists point to the Fed's continued purchase of mortgage-backed securities, which is providing unnecessary ammunition to an already overheated housing market.</p><p><b>US stock volatility attracts attention</b></p><p>August may be a time to give investors a breather. Traditionally, this is a time when volatility and trading volume tend to decline due to many traders going on vacation. This seasonal factor has been disrupted a bit last year, but Wall Street may have had a more normal holiday schedule if fear of the pandemic hadn't continued to grow.</p><p>In August, the CBOE Volatility Index (VIX) may receive more attention. In mid-July, the index briefly rose above 20 before falling back to 17, the same level as earlier this month. The historical average of the VIX index is around 20, but levels well below 20 tend to indicate that one expects less turmoil ahead.</p><p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>It is pointed out that the seasonal factors in August are not favorable to the market. Judging from historical data, U.S. stocks showed a downward trend throughout August, which is the fourth worst two-week seasonal period of the year. Since 1950, in 72 years, the S&P 500 has risen by more than 10% 19 times in the first half of that year. Specifically, after a strong market performance in the first half, the median return in August typically falls 51 basis points before rising again.</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>How will the global market go in August? These events will affect risk sentiment</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 will the global market go in August? These events will affect risk sentiment\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/99\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Wind万得 </p>\n<p class=\"h-time smaller\">2021-07-31 01:23</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>As July comes to an end, investors begin to pay attention to the hot market events in August. The Federal Reserve is the focus as always, but factors such as corporate earnings reports and market volatility cannot be ignored.</p><p>August usually brings a slowdown in U.S. stock trading, especially in the middle of the month, because nearly half of companies have reported earnings during this period. However, at least from a historical perspective, there are still some weak seasonal trends in the stock market going into September. This is something to watch, especially given that both inflation and stock valuations remain a concern.</p><p><b>Corporate Earnings Season</b></p><p>Investors can refocus on corporate earnings season after the Federal Reserve's meeting at the end of July. The Federal Reserve is a key component, but in the long term, earnings drive the U.S. stock market. By the end of July, the second-quarter earnings season was perfectly in line with analysts' expectations and even partially beat them.</p><p>On July 19, the S&P 500 dropped 2% on fears of a Delta virus mutation, and there was a slight move; But in late July, the outstanding performance of the earnings season basically boosted the major sectors of the U.S. stock market. Into August,<a href=\"https://laohu8.com/S/DAL\">Delta Air Lines</a>Performance worries many investors. There are signs that as the virus spreads further, more countries and regions will re-tighten restrictions on outbound travel.</p><p>Markets can't anticipate changes in the virus, but if things worsen, it could mean a return to so-called \"defensive\" areas, which are fixed income, mega-cap tech stocks and the dollar.</p><p>Going back to profitability, from big banks to Snap,<a href=\"https://laohu8.com/S/IBM\">IBM</a>、<a href=\"https://laohu8.com/S/HON\">Honeywell</a>、<a href=\"https://laohu8.com/S/T\">AT&T</a>Company and<a href=\"https://laohu8.com/S/AXP\">American Express</a>, many companies performed fairly well in July reports, as did airlines and railroads. There is an argument that if railroads work well, the broader economy will do well, as transport tends to be a barometer of aggregate demand.</p><p>Investor earnings expectations are also rising for the full quarter, with analysts now expecting second-quarter earnings to rise 74.2%, compared with a previous estimate of 69.4%. Since July, companies in multiple sectors (led by financial, healthcare, information technology and communications services) have reported earnings that beat expectations, leading to an improvement in overall earnings expectations.</p><p>But on the other hand, market weaknesses remain, such as in semiconductors.<a href=\"https://laohu8.com/S/INTC\">Intel</a>And<a href=\"https://laohu8.com/S/TXN\">Texas Instruments</a>Neither of them failed to impress investors with their stock prices on the defensive. In addition, investors have digested the expectation of strong corporate earnings, and some companies need to perform well beyond expectations or have a wide room for growth in order to attract more capital inflows. This also explains why bank stocks failed to rise sharply on strong results.</p><p><b>Fed Policy Support and Economic Data</b></p><p>The \"not fighting the Fed\" doesn't seem to have changed either. It's a term coined decades ago by traders who thought the Fed would step in to shore up the stock market during any downturn. Fed Chairman Jerome Powell said earlier this month that the central bank remains committed to easy monetary policy and that high inflation is likely to cool.</p><p>The Fed's rhetoric will affect \"key indicators\" of global assets: Will US Treasury Bond yields return to an upward path in August, or will they fall below their nearly five-month low of 1.2% again? Falling yields tend to help so-called \"growth\" sectors such as tech, while rising yields tend to help \"cyclical\" sectors such as financials and energy. The tug of war between growth and value that has continued throughout the year shows no signs of disappearing.</p><p>Earlier this year, there was a lot on Wall Street that Jackson Hole could be the time and place for the Federal Reserve to announce its long-awaited tapering of its stimulus plan. That doesn't have to be the case now: U.S. bond yields have fallen steadily since the end of March, seemingly giving the Fed more room to maneuver in order to maintain its $120 billion monthly bond purchase program. It's a tactic the Fed uses to inject liquidity and keep interest rates low, and it seems to have worked.</p><p>In the first quarter of this year, the U.S. economy grew by more than 6%, and the yield on the 10-year U.S. Treasury Bond was close to 1.3% by the end of July. This is a surprisingly low yield given economic growth and high inflation month after month.</p><p>Both President Powell and President Biden said in late July that the current high inflation would not last. To be sure, most in the market will be paying close attention to July consumer and producer prices due in August, as well as the July jobs report. Job growth rebounded in June after months of weakness. The focus is likely now turning more to wage growth: if employers have to start raising wages significantly to attract workers, that could also raise inflation concerns.</p><p>By the time the Jackson Hole meeting approaches, investors may have a better sense of whether the Fed is ready to act, or at least predict stimulus from the Federal Reserve. Some economists point to the Fed's continued purchase of mortgage-backed securities, which is providing unnecessary ammunition to an already overheated housing market.</p><p><b>US stock volatility attracts attention</b></p><p>August may be a time to give investors a breather. Traditionally, this is a time when volatility and trading volume tend to decline due to many traders going on vacation. This seasonal factor has been disrupted a bit last year, but Wall Street may have had a more normal holiday schedule if fear of the pandemic hadn't continued to grow.</p><p>In August, the CBOE Volatility Index (VIX) may receive more attention. In mid-July, the index briefly rose above 20 before falling back to 17, the same level as earlier this month. The historical average of the VIX index is around 20, but levels well below 20 tend to indicate that one expects less turmoil ahead.</p><p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>It is pointed out that the seasonal factors in August are not favorable to the market. Judging from historical data, U.S. stocks showed a downward trend throughout August, which is the fourth worst two-week seasonal period of the year. Since 1950, in 72 years, the S&P 500 has risen by more than 10% 19 times in the first half of that year. Specifically, after a strong market performance in the first half, the median return in August typically falls 51 basis points before rising again.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/082208e3c37780dd55878056410ffa43","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120441766","content_text":"随着7月进入尾声，投资者开始关注8月市场热点事件。美联储一如既往地成为焦点，但企业财报、市场波动等因素也不容忽视。\n8月通常会带来美股交易速度的放缓，特别是在月中旬，因为这期间将近一半企业都已公布财报。不过，至少从历史的角度来看，进入9月份，股市仍有一些疲软的季节性趋势。这一点值得关注，尤其是考虑到通胀和股票估值都仍令人担忧。\n企业财报季\n在美联储7月底的会议之后，投资者可以重新关注企业财报季。美联储是一个关键组成部分，但从长期来看，收益驱动着美股市场。截至7月底，第二季度财报季完全符合分析师的预期，甚至部分超出预期。\n7月19日，标准普尔500指数因担心德尔塔病毒变异而下跌2%，出现了轻微的小波动；但在7月下旬，财报季的亮眼表现基本上提振了美股各大板块。进入8月，达美航空业绩表现让不少投资者担忧。有迹象表明，随着病毒的进一步蔓延，更多国家和地区将重新对外出旅行加强限制。\n市场无法预期病毒的变化，但如果情况恶化，可能意味着人们会回到所谓的“防御性”领域，即固定收益、超大型科技股和美元。\n回到盈利方面，从大型银行到Snap、IBM、霍尼韦尔、美国电话电报公司和美国运通，许多公司在7月份的报告中都表现得相当不错，航空公司和铁路公司也是如此。有一种观点认为，如果铁路运营良好，那么更广泛的经济也会发展良好，因为运输往往是总需求的晴雨表。\n投资者对整个季度的收益预期也在上升，分析师目前预计第二季度收益将增长74.2%，此前预计为69.4%。7月以来，多个行业(以金融、医疗保健、信息技术和通信服务行业为首)公司公布的收益超出预期，导致整体收益预期有所改善。\n但另一方面，市场弱点仍然存在，例如半导体领域。英特尔和德州仪器的前景都未能给投资者留下深刻印象，两家公司的股价都处于守势。此外，投资者已经消化了企业收益强劲的预期，一些公司需要业绩大超预期，或成长空间较广，才能吸引更多资金流入。这也解释了为什么银行股未能因强劲业绩大幅上涨。\n美联储政策支持和经济数据\n“不与美联储抗争”似乎也没有改变。这是几十年前交易员们发明的一个术语，他们认为美联储会在任何低迷时期出手支撑股市。美联储主席鲍威尔(Jerome Powell)本月早些时候表示，美联储仍致力于宽松货币政策，高通胀可能会降温。\n美联储的言辞将会影响全球资产的“关键指标”：美国国债收益率将在8月份重新走上上升之路，还是将再次跌至近五个月来的低点1.2%以下？收益率下降往往有助于科技等所谓的“成长型”板块，而收益率上升往往有助于金融和能源等“周期性”板块。全年持续的增长与价值的拉锯战并没有消失的迹象。\n今年早些时候，华尔街有很多人认为，杰克逊霍尔可能是美联储宣布外界期待已久的缩减刺激计划的时机和地点。现在不一定是这样了：自3月底以来，美债收益率稳步下滑，似乎给了美联储更多的操作空间，以维持每月1,200亿美元的购债计划。这是美联储用来注入流动性和保持低利率的策略，而且似乎已经奏效了。\n今年第一季度，美国经济增长超过6%，截至7月底，10年期美国国债收益率接近1.3%。考虑到经济增长和月复一月的高通胀，这是一个令人惊讶的低收益率。\n鲍威尔和拜登总统在7月下旬都表示，目前的高通胀不会持续。可以肯定的是，市场中的大多数人将密切关注8月公布的7月消费者和生产者价格，以及7月就业报告。就业增长在经过几个月的疲软后，于6月反弹。现在的焦点可能更多地转向工资增长：如果雇主不得不开始大幅提高工资以吸引工人，这可能也会引发通胀担忧。\n等到杰克逊霍尔会议临近的时候，投资者可能会对美联储是否准备采取行动有更好的感觉，或者至少预测美联储会采取刺激措施。一些经济学家指出，美联储继续购买抵押贷款支持证券，这为已经过热的房地产市场提供了不必要的弹药。\n美股波动率引发关注\n8月份可能是给投资者喘息的时间。传统上，这是由于许多交易员都去度假，波动性和交易量趋于下降的时候。去年，这种季节因素受到了一些干扰，但如果对疫情的恐惧没有持续增长，华尔街可能会有一个更正常的假期安排。\n8月，CBOE波动率指数(VIX)可能会受到更多关注。7月中旬，该指数短暂升至20以上，然后又回落至17，与本月早些时候的水平相同。VIX指数的历史平均水平在20左右，但远低于20的水平往往表明，人们预计未来的动荡会减少。\n高盛指出，8月的季节性因素并不对市场有利，从历史数据来看，整个8月美股都呈下降趋势，这是一年中第四糟糕的两周季节性时期。自1950年以来，在72年的时间里，标普500指数有19次在当年上半年涨超10%。具体来说，在上半年市场表现强劲之后，8月份的回报率中值通常会下降51个基点，然后再上升。","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":729,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9067127785,"gmtCreate":1652428113647,"gmtModify":1676535099081,"author":{"id":"4088639267266550","authorId":"4088639267266550","name":"mingming88","avatar":"https://static.tigerbbs.com/1ec74de8efaef0c387a7c858c35fab49","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088639267266550","authorIdStr":"4088639267266550"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$老虎证券(TIGR)$</a>good luck&nbsp;","listText":"<a href=\"https://ttm.financial/S/TIGR\">$老虎证券(TIGR)$</a>good luck&nbsp;","text":"$老虎证券(TIGR)$good luck","images":[{"img":"https://community-static.tradeup.com/news/b36f7846fbe2cf42ce79b39e890da809","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9067127785","isVote":1,"tweetType":1,"viewCount":1163,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9066863641,"gmtCreate":1651885962283,"gmtModify":1676534990483,"author":{"id":"4088639267266550","authorId":"4088639267266550","name":"mingming88","avatar":"https://static.tigerbbs.com/1ec74de8efaef0c387a7c858c35fab49","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088639267266550","authorIdStr":"4088639267266550"},"themes":[],"htmlText":"<a 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