Photo illustration by Cheng Xin/Getty ImagesGetty ImagesQualcomm (QCOM) stock deserves your consideration. Why? Because you get monopoly-like high margins for a discounted price. Here is some data.Revenue Growth: Qualcomm saw growth of 15.8% LTM and 1.4% last 3 year average.Recent Profitability: Nearly 29.3% operating cash flow margin and 27.8% operating margin LTM.Long-Term Profitability: About 29.4% operating cash flow margin and 26.5% operating margin last 3 year average.Available At Discount: At P/S mul ...

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the 10 Most Profitable Stocks of the Last 5 Years. On October 9, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) reported its impressive revenue performance for September 2025. According to the report, the company recorded revenue of about TWD 330.98 billion for the month on a consolidated basis. Taiwan Semiconductor (TSM) Reports Solid Yearly Revenue Growth in September 2025 Taiwan Semiconductor Manufacturing Company ...

We recently published 10 Stocks Wall Street is Watching Heading into October. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the stocks Wall Street is watching. Steve Weiss, chief investment officer and founder of Short Hills Capital Partners, said in a recent program on CNBC that he trimmed his position in Taiwan Semiconductor amid certain concerns. Here is what worries the analyst about the semiconductor company: “It’s still my largest position. It just gotten too big. I bought ...

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is among the 11 Best Semiconductor Stocks with Huge Upside Potential. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the world’s largest dedicated contract chip producer, or foundry, with a mid-60% market share in 2024. It uses its clients’ distinct IC designs to create integrated circuits for them. The shift of semiconductor companies worldwide from integrated device manufacturers to fabless designers has long benefited the fi ...

Brown Advisory, an investment management company, released its “Brown Advisory Global Leaders Strategy” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The strategy focused on delivering strong long-term performance by investing in a focused portfolio of companies that solve customer problems and provide good returns for shareholders. The strategy outperformed its benchmark during the quarter, driven by investment selection within Information Technology and Industrials. In ...

Macquarie Asset Management, an investment management company, released its “Macquarie Core Equity Fund” investor letter for the second quarter of 2025. A copy of the letter can be downloaded here. The US large-cap equity market surged in Q2 2025, with the S&P 500® Index rising 10.94%. The equity market’s strength was due to reduced concerns over the possibility of President Trump quickly imposing harsh tariffs. Later, the administration put a pause on the tariff implementation. In this environment, the Macq ...

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is among the high growth mega cap stocks you can buy and hold for the next 3 years. Integrity Alliance LLC. increased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by a whopping 418.6% during the first quarter. According to the latest filing with the SEC, the firm now owns 7,058 shares of the company’s stock, following the purchase of 5,697 shares, worth $1,172,000. The company’s aggressive reinvestment, solid ba ...

报告行业投资评级 未提及 报告的核心观点 - 尽管2Q25 GDP表现强劲，但鉴于中国对外部需求的依赖增加，对近期增长势头保持谨慎 [6] - 零售、投资、通胀数据疲软以及房地产市场持续低迷，加大政策刺激的紧迫性提升，但7月底政治局会议不太可能释放更强政策宽松信号 [6] - 鉴于“反内卷运动”，光伏、水泥等产能过剩行业的投资短期内可能受到抑制 [6] 各部分内容总结 GDP数据 - 2Q25 GDP同比增长5.2%，略低于1Q25的5.4%，符合预期且高于市场共识的5.1%；环比增长1.1%，略低于1Q25的1.2%；1H25实际GDP增长5.3%，高于3月设定的“约5%”的年度政策目标 [1] - 分行业看，第一、二、三产业分别同比增长3.7%、5.3%和5.5% [1] 6月经济活动数据 - 6月经济活动数据好坏参半，固定资产投资和零售销售增长疲软，但工业生产增长强劲，通胀、贸易和信贷数据略好于预期 [2] - 工业生产（IP）超预期，6月同比增速从5月的5.8%升至6.8%，可能受出口活动支撑；41个行业中有36个行业的IP增长；产品方面，工业机器人和集成电路的增长加速 [3] - 零售销售6月同比增长4.8%，低于市场预期和5月的6.3%；“618”促销提前拉动需求和部分地区补贴暂停可能是原因；餐饮服务同比增速从5.9%大幅放缓至0.9%，可能与6月起国企和政府员工外出就餐限制收紧有关；饮料和烟草销售也可能受到影响；受补贴计划支持的行业增长强劲，如家电（32.4%）、家具（28.7%）和通讯设备（13.9%）；汽车销售同比增长4.6%，汽油消费同比收缩7.3% [4] - 固定资产投资（FAI）累计同比增速放缓至2.8%，单月同比仅增长0.5%；基础设施和制造业投资增速从之前的个位数高位放缓至5%左右；1H25，食品、纺织、通用机械、汽车、铁路及其他运输设备和公用事业投资保持韧性；房地产投资仍深度收缩，同比下降11.2% [5] 就业与收入 - 6月全国城镇调查失业率保持在5.0%不变，31个大城市失业率也为5.0%，比去年同期高0.1个百分点；非本地户籍工人失业率为4.8%；平均每周工作时长为48.5小时 [10] - 2Q人均可支配收入为9661元，同比增长5.1%；工资收入占比近60%，为5652元，同比增长5.4%；净转移收入为1863元，同比增长5.8%；人均总支出为6628元，同比增长5.2%；2Q储蓄率约为31%，与去年同期持平 [11] 服务业 - 6月服务业总产出指数同比增长6.0%，较5月的6.2%有所放缓；其中，信息技术（11.6%）、租赁和商务服务（8.4%）和金融服务（7.3%）增长显著 [12] 房地产市场 - 6月房地产市场持续面临下行压力，新房销售面积和销售额分别同比下降7.4%和12.6%；待售面积进一步降至4.082亿平方米 [13] - 新房价格连续25个月下跌，70个大中城市6月新房价格环比下降0.27%；住宅投资同比下降12.4%；新房开工面积同比下降13.1%，竣工面积同比下降4.4% [14]

公司基本信息 - 公司全称为江苏卓胜微电子股份有限公司，英文名称为Maxscend Microelectronics Company Limited [4] - 公司注册地址为无锡市滨湖区建筑西路777号A3幢11层，邮政编码未披露 [5] - 公司注册资本为53,485.8936万元人民币 [6] - 公司于2019年6月18日在深圳证券交易所创业板上市，首次公开发行2,500万股 [3] 公司治理结构 - 公司设立董事会，由9名董事组成，其中包含3名独立董事和1名职工代表董事 [42] - 董事长为公司法定代表人，其职权包括主持股东会和董事会会议等 [8][116][117] - 公司设立党组织开展党的活动，并为党组织活动提供必要条件 [13] 股份相关事项 - 公司股份采取股票形式，已发行股份数为53,485.8936万股，均为普通股 [16][21] - 公司股份在中国证券登记结算有限责任公司深圳分公司集中存管 [19] - 公司设立时发行股份总数为7,500万股，由原有限公司全体股东作为发起人认购 [20] 经营范围 - 公司经营范围包括集成电路生产、技术研发、技术服务及进出口业务等 [15] - 公司经营宗旨为"做科技的践行者，探索物理资源的边界"，愿景是成为全球信息连接物理资源平台的赋能者和建设者 [14] 股东会制度 - 股东会分为年度股东会和临时股东会，年度股东会每年召开一次 [48] - 股东会表决实行普通决议和特别决议两种方式，普通决议需过半数通过，特别决议需2/3以上通过 [80] - 股东会选举董事可实行累积投票制，在选举两名以上董事时适用 [86] 董事会运作 - 董事会每年至少召开两次会议，临时会议可由代表1/10以上表决权的股东或1/3以上董事提议召开 [119][120] - 董事会决议需经全体董事过半数通过，关联董事应回避表决 [123][124] - 董事会下设审计委员会，负责监督公司财务报告等事项 [52]

市场动态 - 英伟达股价周三创历史新高 推动跟踪纳斯达克100指数的QQQ ETF同步刷新纪录 [1] - 标普500和纳斯达克指数逼近峰值 市场对中东紧张局势降温持乐观态度 投资者押注特朗普支持的以伊停火协议将带来持续和平 [1][2] - 科技股4月初开始的涨势延续 英伟达等龙头股创新高 通胀降温、贸易协议和强劲Q2盈利预期构成7月看涨背景 [2][5] Rockwell Automation (ROK) - 工业自动化和数字化转型企业 通过智能设备、软件控制及生命周期服务三大板块优化制造业流程 [4] - 与英伟达合作整合AI与机器人技术 提升智能制造效率 推动自主化运营 [6] - Q2 FY25盈利超预期 上调EPS指引 获Zacks"强力买入"评级 预计FY26调整后盈利增长16% 营收增长7% [7][8] - 2025年股价上涨13% 突破多年交易区间上限 形成50日均线上穿200日均线的"黄金交叉"技术形态 [9][13] Credo Technology (CRDO) - 专注高速连接解决方案 为数据中心和AI系统提供低功耗超高速传输芯片及线缆 [14][16] - 客户包括微软等AI超大规模服务商 FY25营收同比飙升126% 调整后EPS从0.09美元跃升至0.70美元 [16] - 受AI服务需求推动 FY26盈利预期上调37% 预计FY26调整后盈利增长111% 营收增长86% [17][18] - 过去两年股价暴涨440% 超越英伟达280%涨幅 当前估值与行业PEG比率持平 [18]