GOOG+1.17%
外观
2026-08-22 全球资产日报
- 数据时间：2026-08-22 11:07:25 Asia/Shanghai
- 报告类型：全球资产日报
重要新闻摘要
美光 CEO 在本报告窗口内称，客户需求超过公司供给约 50%。这是独立于持仓名单的存储供需信号，但快讯没有产品结构、订单期限、定价或供给扩张节奏，暂时只能确认需求紧张，不能直接外推收入和毛利率。美光供需快讯，8 月 21 日
Anthropic 据报讨论融资规模超过 1000 亿美元的
IPO，估值可能达到 2 万亿美元；另据报道，其拟在IPO文件中列出 AI 反弹与数据中心放缓风险，并聘请 Google TPU 项目创始成员之一加入计算团队。融资规模、算力团队和风险披露同时出现，说明 AI 资本需求仍强，预期与资本强度也继续抬升；正式招股文件尚未发布。IPO与估值，8 月 22 日、拟披露的数据中心风险，8 月 22 日、计算团队招聘，8 月 22 日据报美加贸易协议接近，但汽车、钢铁和铝关税仍有分歧；墨西哥随后表示希望争取类似美加安排的汽车与钢铁关税待遇。谈判进展没有消除北美制造业政策风险，当前也没有正式协议文本、税率或生效日期。美加谈判，8 月 22 日、墨西哥关税诉求，8 月 22 日
国际铜业研究小组称 2026 年 6 月精炼铜短缺 6 万吨；同一窗口内，现货黄金触及 4630 美元/盎司、日内涨 2.46%，白银站上 70 美元/盎司。铜数据滞后至 6 月，金银则是价格快照，三者共同提升现实资产研究优先级，但尚不足以替代矿企产量、成本和现金流验证。铜供需，8 月 21 日、黄金，8 月 22 日、白银，8 月 21 日
Binance USDS-M 快照中，
BTC、ETH和SOL约为 78657、2518 和 96.28 USDT，24 小时分别上涨 5.87%、7.65% 和 8.36%，Funding 均约为 0.0001。Farside 的 8 月 21 日数据中，三类 ETF/ETP 总流量分别为正 6820 万、2330 万和 1000 万美元；IBIT、ETHA 和 ETHB 当日字段缺失，不能按零处理。反弹与流入支持底层韧性，正 Funding 降低新增杠杆的赔率。BTC ETF 流量、ETH ETF 流量、SOL ETF 流量、市场报道，8 月 21 日
观点
股票强弱与技术
推荐强度是本期研究与风险预算的相对排序，不等于自动下单；未持仓候选的 A/B 仍只表示下一步研究顺序。
| 标的 | 身份 | 研究优先级 | 方向 | 推荐强度 | 技术结构 | 最近均线压力/支撑 | 关键支撑 | 关键压力/确认 | 触发 | 失效 |
|---|---|---|---|---|---|---|---|---|---|---|
MRVL | 持仓 | — | 偏多 | 中 | 回踩 | 上方 MA60 238.37（+0.56%）；下方 MA5 235.13（-0.81%） | 4H 232.73 | 日线 238.37；4H 241.27 | 日线重上 238.37 且 4H 突破 241.27 | 4H 跌破 232.73 或 1H 失守 228.99 |
GFS | 持仓 | — | 偏空 | 弱 | 失效观察 | 上方 MA5 49.46（+2.93%）；低于全部可用均线 | 日线 48.00；4H 48.02 | 日线 49.46、50.74 | 日线站回 49.46 并突破 50.74 | 日线/4H 失守 48.00、47.55 |
APLD | 持仓 | — | 偏空 | 弱 | 失效观察 | 上方 MA30 28.65（+5.28%）；低于全部可用均线 | 4H 26.94；1H 26.94 | 4H 27.61；日线 28.75 | 先站回 27.25、27.61，再突破 28.75 | 1H/4H 跌破 26.64 |
USAR | 持仓 | — | 中性 | 中 | 压力测试 | 上方 MA60 19.76（+2.58%）；下方 MA10 18.72（-2.79%） | 1H 19.23；日线 18.72 | 日线 19.32、19.81 | 日线收盘越过 19.81 且 1H 越过 19.47 | 1H 跌破 19.23 并失守 4H 18.98 |
PSI | 持仓 | — | 偏空 | 弱 | 失效观察 | 上方 MA20 142.36（+2.48%）；下方 MA120 136.39（-1.81%） | 4H 137.91；1H 137.12 | 日线 139.20；4H 142.02 | 收复 139.20 后突破 142.15 | 1H 跌破 137.12 且日线失守 136.67 |
COHR | 持仓 | — | 中性 | 中 | 失效观察 | 上方 MA30 302.39（+4.45%）；低于全部可用均线 | 4H 288.39；1H 289.19 | 4H 293.48；日线 304.06 | 先站回 293.48，再突破 304.06 | 4H 跌破 284.75 |
CRCL | 持仓 | — | 中性 | 中 | 压力测试 | 上方 MA120 90.46（+2.82%）；下方 MA5 79.31（-9.85%） | 日线 87.30；4H 87.50 | 日线 90.46；4H 91.83 | 日线越过 90.46 且 4H 越过 91.83 | 1H 跌破 87.75 且 4H 失守 87.50 |
GOOG | 持仓 | — | 中性 | 中 | 混乱 | 上方 MA10 343.31（+0.46%）；下方 MA5 340.88（-0.26%） | 日线 340.61；4H 339.14 | 日线 343.73、347.60 | 日线站上 343.73 并进一步越过 347.60 | 1H 跌破 339.39 且日线失守 340.61 |
NBIS | 持仓 | — | 中性 | 弱 | 回踩 | 上方 MA60 225.44（+2.88%）；下方 MA20 213.47（-2.58%） | 1H 218.56；日线 213.47 | 日线 225.44；4H 224.07 | 收复 221.74 后突破 225.44、226.13 | 1H 跌破 215.65 且日线失守 213.47 |
PLTR | 持仓 | — | 偏多 | 强 | 主升 | 高于全部可用均线；下方 MA10 174.74（-2.89%） | 日线 179.89；1H 179.30 | 日线 182.44；1H 182.51 | 日线越过 182.44 且 1H 突破 182.51 | 1H 跌破 176.55 且日线失守 174.69 |
XLV | 持仓 | — | 偏多 | 强 | 压力测试 | 高于全部可用均线；下方 MA5 171.89（-1.56%） | 日线 171.89；1H 173.14 | 日线 174.64、176.60 | 日线越过 176.60 且 1H 突破 175.76 | 1H 跌破 173.14 且日线失守 171.89 |
MU | 未持仓研究候选 | B | 中性 | 弱（仅研究） | 未评级；D1 无合并行 | 无可用均线结论 | 未生成 | 20 日相对 SPY 仍为 -4.91%，量比 0.65 | 公司一手材料确认 HBM/DRAM 订单、定价、收入或毛利兑现，并补齐 D1 | 库存上升、定价/毛利恶化，或需求表述未转为订单和收入 |
强增长与高油价同时存在：对冲高久期尾部，回避新增杠杆半导体
美股与 Crypto 的反弹说明风险承接没有失速，美国服务业 PMI 和 94 美元以上的 Brent 又限制了宽松预期。霍尔木兹船流说法互相冲突，不能用单条快讯判断已经恢复或即将中断；IMO 确认事故、油价与政策定价足以维持通胀和期限溢价尾部。今天的方向是对冲高久期风险、回避 SOXL 等杠杆半导体新仓，不因单日指数上涨扩大事件周 beta。
若 Brent 回到 90 美元下方、IMO 确认事故不再增加，通航与保险条件连续改善，同时核心 PCE 和长端收益率转弱，可以恢复高久期新增预算。若 Brent 继续站在 94 美元上方、核心 PCE 偏强，或 Jackson Hole 后 9 月加息定价继续抬升，维持风险上限。下一次统一验证是 8 月 26 日 NVDA 财报、8 月 27 日 MRVL 财报、核心 PCE 和 Jackson Hole 表态。
AI 需求没有转弱，财报前停止追涨、摊低与高价买波动
Google 与 MRVL 的合作范围、COHR 已实现收入和订单能见度继续支持 AI 基础设施观点主线，MRVL 的认股权证和 NBIS 可转债则说明收入增长不一定等比例转化为每股价值。已隐藏MRVL、COHR、GOOG 维持现仓；NBIS 与 APLD 维持 starter，不因价格或账面亏损摊低；PSI 维持但不再叠加同类半导体风险。
MRVL 8 月 28 日到期平值 IV 约 103%，NVDA 同期限平值 IV 约 55%；公开链缺 Greeks、逐笔主动方向和事件隔离 implied move。动作是财报前不追 MRVL、不用高价期权为小比例股票主线购买保护，也不根据单笔 Call/Put 推断方向。D1 已合并 23 个唯一标的；MRVL 当前是日线回踩，238.37 与 241.27 构成恢复确认，232.73 下方转为失效观察，具体强弱和价位集中在上方可见表格。
财报后只有四项同时过关才恢复增加风险：订单和采购转为收入，毛利率未被合同结构侵蚀，现金转换改善，稀释受控。MRVL 若收入指引增强但每股价值被认股权证明显摊薄，先降低 MRVL 单股风险；NBIS 若融资继续快于客户现金回收，退出 starter。COHR 若订单按期转收入、产能爬坡与毛利率同步兑现，可优先于融资依赖更强的 AI 云标的承接新增股票预算。
Crypto 维持现有期货名义，不因浮亏减仓，也不借反弹加码
BTC、ETH、SOL 的价格与 ETF/ETP 流量同时改善，保证金、清算距离、Binance 场所状态和既有退出路径没有出现新的实质恶化。按日报执行边界，今天维持 BTC 与 ETH 期货现有名义、不新增，SOL Earn 与 WETH 收益仓维持；未实现亏损只描述状态，不构成减仓理由。
已隐藏已隐藏正 Funding 使新增期货名义没有必要，ETF 流入又使单凭重复 delta 主动削减底层风险缺少新触发。
能源与现实资产维持研究优先，MU 进入 B 级公司验证
市场宽度已经从单一防御扩到小盘成长、高贝塔和科技等权，昨天“只有防御与价值扩散”的判断需要降级。成交量尚未同步确认，不能把一轮价格重排写成全面风险偏好重启。XLV 维持现有分散仓，不因 Moderna 单周大涨追高；医疗等权宽度和较低期权波动仍使它优于继续增加半导体 beta。
能源是本期 B 级研究方向：XOP 的综合分位为 93.33，5 日、20 日和 60 日相对 SPY 分别领先约 6.38、5.27 和 13.99 个百分点，IMO 风险与高油价提供背景。当前不买能源个股，因为实时通航状态冲突，且 Scanner 矿业/能源名称仍缺逐公司实现价格、成本、自由现金流和估值闭环。只有官方船流与库存支持高油价持续、公司实现价格与自由现金流上修、XLE/RSPG 等权宽度不再恶化时，才升级为可建仓研究。通航恢复、事件溢价回落，或 XLE 与 XOP 的 20 日和 60 日相对收益同步转负时取消该方向。
铜矿与贵金属同为 B 级板块研究，GDX、COPX 的短中期相对强度和成交改善，但 120 日相对收益仍弱；铜短缺数据和金银价格提高研究顺序，仍需矿企产量、成本与现金流闭环。Scanner 的 12 个通道本期产生 391 个去重候选，100 个候选已接入 canonical IBKR 日线；MU 以公司流动性通道 rank 0、conId=9939 和美光供需快讯进入唯一的未持仓 B 级候选。它的 20 日相对 SPY 收益仍为 -4.91%，量比 0.65，且 D1 尚无 MU 行，因此当前动作是进入 company-tearsheet 事实底表，不参与买入。公司一手材料若确认 HBM/DRAM 订单、定价、收入和毛利兑现，再升级；库存、定价或毛利恶化，或需求表述未转为订单和收入时移出候选。
组合事实概览
展开市场热力、期权压力和 Crypto 盘口
股票与 ETF 板块热力
云计算及平台
芯片设计与制造
MRVL-5.94%
GFS+1.77%
数据中心及算力基础设施
APLD-4.90%
VRT-1.01%
NBIS-0.50%
光通信及互连
COHR-0.18%
关键矿物
USAR+12.57%
数字资产基础设施
CRCL+5.85%
航天与国防主题
SPCX+2.05%
半导体与存储 ETF
SOXL-1.93%
FTXL-1.18%
PSI-0.05%
其他股票
PLTR+3.44%
XLV+1.29%
期权压力
QQQ1.16
NVDA0.56
SPCX0.75
SPY1.51
PLTR0.56
NBIS0.87
SOXL2.37
VRT0.97
快照对比基准：2026-08-21。本面板只展示已落盘事实，不生成操作判断。
重要文章与快讯
重要文章
| 重要性 | 中文标题 | 发布日期 | 来源 | 相关标的 | 评级理由 |
|---|---|---|---|---|---|
| 5/5 高 | 谷歌扩大Marvell定制芯片合作 | 2026-08-22 | TheStreet | AVGO, GOOG, MRVL | 事件新近发生，直接牵涉MRVL、AVGO和GOOG的供应关系、收入潜力与估值假设，且原文包含公司文件、认股权证和合同期限等高密度事实。 |
| 5/5 高 | 英伟达财报前景与估值考验 | 2026-08-21 | TheStreet | AAPL, AMZN, GOOG, META, MSFT, NVDA, TSLA, ^GSPC | 距08/26财报仅数日，覆盖营收指引、Rubin和估值预期，且直接涉及NVDA；合作消息仍属初步讨论，目标价与需求判断来自分析师及媒体报道。 |
| 5/5 高 | Nebius五十亿美元可转债融资 | 2026-08-21 | Insider Monkey | META, MSFT, NBIS | 融资规模、债务累积和潜在稀释直接影响NBIS估值与资本结构，且文章包含最新财务数据和市场反应。 |
| 5/5 高 | Coherent光互连需求加速 | 2026-08-19 | Motley Fool | COHR | 这是COHR最新季度业绩会材料，覆盖已实现财务数据、财年2027指引、AI数据中心需求和订单能见度，直接关系标的基本面；关键信息来自管理层电话会转录，仍存在前瞻性表述和转录误差限制。 |
| 4/5 中高 | 比特币周涨超两成带动加密股 | 2026-08-21 | CryptoProwl | BTC-USD, BTDR, COIN, CRCL, ETH-USD, HUT, MA, MSTR | 文章覆盖近期比特币突破、以太坊和加密股联动，并包含CRCL、SPCX及多项量化事实；但内容为周度汇总，部分监管、合作和行业数据依赖第三方或未经独立验证的报道。 |
| 4/5 中高 | Moderna推动医疗板块创纪录周涨幅 | 2026-08-21 | Barrons.com | MRK, MRNA, XLV | Moderna的极端周涨幅直接关联XLV板块表现，临床消息具有时效性，但原文证据细节不足。 |
| 4/5 中高 | 新云服务商融资扩张风险上升 | 2026-08-21 | Insider Monkey | CRWV, NBIS | 发布时间接近日报，直接涉及输入标的NBIS及相关CRWV，融资、资本开支和债务数字对AI云主题具有较高信息量；主要风险判断来自BCA观点的二手转述，需求兑现仍有不确定性。 |
| 4/5 中高 | Marvell谷歌协议的稀释代价 | 2026-08-21 | 24/7 Wall St. | AVGO, GOOG, MRVL, NVDA, SOXX | 08/21的市场反应与协议条款均较新，事件直接涉及MRVL并可用于观察定制AI芯片竞争及SOXX内部扩散；文章对稀释影响的解读仍属于单一来源分析。 |
| 4/5 中高 | 霍尔木兹海峡确认事故达68起 | 2026-08-21 | International Maritime Organization | - | 发布时间最接近日报，官方页面给出68起事件和19名死亡等明确统计，并包含近期新增记录；但没有具体上市公司或市场传导数据。 |
| 4/5 中高 | 霍尔木兹海峡疏散计划暂停 | 2026-08-19 | International Maritime Organization | - | 发布时间接近日报，来源为国际海事组织官方更新，覆盖霍尔木兹海峡这一能源与全球航运关键通道；但缺少直接股票代码和市场传导数据。 |
| 3/5 中 | 比特币冲上七万九千美元 | 2026-08-21 | Investor's Business Daily | BLSH, BTC-USD, COIN, CRCL, DX-Y.NYB, FIGR, MSTR, STRC | 发布时间接近日报且涉及比特币、ETF资金流和监管线索；但原文篇幅极短，缺少数据来源、CRCL具体传导和CFTC细节。 |
谷歌扩大Marvell定制芯片合作
重要性5/5 高
事件新近发生，直接牵涉MRVL、AVGO和GOOG的供应关系、收入潜力与估值假设，且原文包含公司文件、认股权证和合同期限等高密度事实。
中文简要摘要
完整摘要达到当日时间预算，以下保留已完成的模型简要摘要。
Marvell在8月19日证券文件中披露与谷歌的定制人工智能芯片合作扩大，范围覆盖推理加速器、存储与网络接口、内存接口及近内存计算等多个环节。谷歌获得最多5897万股、行权价206.58美元的认股权证，若达到采购目标，路透估算合作累计收入到2033财年约1200亿美元。消息当日Marvell股价近涨10%至237.27美元，Broadcom跌约5%，Alphabet变化有限。Broadcom仍保有至2031年的长期合作，变化在于谷歌供应商结构增加；收入规模和分析师判断仍取决于后续采购与交付。
英文原文
Marvell vs. Broadcom: the custom silicon shift
Marvell vs. Broadcom: the custom silicon shift
Opeyemi Babalola
Sat, August 22, 2026 at 9:37 AM GMT+9 3 min read
- MRVL
-5.57%
- AVGO
+1.21%
- GOOG
+1.05%
Being a company's only chip partner feels secure, until that company starts talking to competitors.
In the high-stakes economy of artificial intelligence, where data center buildouts run into the tens of billions of dollars, cloud giants can no longer afford to tie their infrastructure to a single hardware lifeline.
Broadcom (AVGO) found that out this week, after Marvell Technology (MRVL) disclosed an expanded custom AI chip partnership with Google (GOOGL) in a securities filing on Aug. 19.
Marvell's stock jumped. Broadcom's stock fell on the same headline.
One news event, two stock reactions
Marvell shares closed up nearly 10% at $237.27 on Wednesday, Aug. 19, according to CNBC . Broadcom shares fell about 5% the same day, as investors questioned whether Google was quietly diversifying away from its longtime custom-chip partner, CNBC reported .
Alphabet's own stock barely moved.
The filing described a wide-ranging agreement. Marvell said it would build AI inference accelerators, storage controllers, network interface controllers, memory interface controllers and near-memory compute for Google's tensor processing unit ecosystem, according to the filing. That covers nearly every layer of the custom chip stack, not a single component.
Marvell's stock closed up nearly 10% after expanding its custom AI chip partnership with Google, while Broadcom fell about 5% the same session.JHVEPhoto / Getty Images
How the Google-Marvell warrant works
To help finalize the deal, Marvell issued Google a warrant to buy up to 58.97 million shares at $206.58 each, a stake worth about $12.2 billion if fully exercised, Reuters reported .
If Google hits every purchasing target attached to that warrant, the agreement could generate roughly $120 billion in cumulative Marvell revenue through fiscal 2033, according to Reuters.
Related: Top financial expert declares Marvell 'no longer a marvelous buy'
That structure matters more than the dollar figure. A conventional supply contract gives a customer a discount.
Google's Marvell warrant gives Google equity upside that grows every time it buys more chips, aligning its financial interest with Marvell's success rather than just its price list.
Broadcom retains Google, loses monopoly
Broadcom is not losing Google as a customer. The two companies signed a separate long-term deal in April to develop and supply future generations of custom AI chips through 2031, Seeking Alpha reported at the time.
What changed is the assumption underneath Broadcom's valuation, that Google's custom silicon budget belonged mostly to one supplier.
More AI:
- Nvidia just made a move Wall Street wasn't ready for
- Microsoft just took sides in AI policy fight
- OpenAI just disclosed something genuinely alarming
Story Continues
Marvell now has a design relationship inside all three major U.S. hyperscalers. It already builds custom silicon for Amazon's Trainium chips and Microsoft's Maia accelerators, and Google was the missing name on that list.
Wedbush Securities analyst Matt Bryson wrote in a note to clients that companies with custom silicon capabilities are now "in an advantageous position" in the AI buildout.
He added that Marvell's win does not necessarily make Broadcom or Nvidia losers, since the custom chip market looks large enough to support several winners instead of one.
Single-supplier deals are ending
The pattern here extends past these two stocks. Every major hyperscaler now works with more than one company capable of building its chips, which means no supplier can assume a head start is permanent.
Amazon, Microsoft, and Google have all spread their custom silicon work across multiple partners instead of concentrating it with one.
That shift rewards suppliers with broad customer bases over suppliers with deep, single-customer ones. Broadcom built its AI premium on being the trusted incumbent at Google.
Marvell just showed that incumbency now has an expiration date, and the market repriced both stocks accordingly within a single trading session.
Related: The U.S. just turned the Al race into a loyalty test
This story was originally published by TheStreet on Aug 21, 2026, where it first appeared in the Technology section. Add TheStreet as a Preferred Source by clicking here.
英伟达财报前景与估值考验
重要性5/5 高
距08/26财报仅数日，覆盖营收指引、Rubin和估值预期，且直接涉及NVDA；合作消息仍属初步讨论，目标价与需求判断来自分析师及媒体报道。
中文简要摘要
完整摘要达到当日时间预算，以下保留已完成的模型简要摘要。
文章发表于美东时间 08/21 18:17（UTC+8 08/22 06:17）。TheStreet援引摩根士丹利分析师Joseph Moore团队称，Blackwell需求可推动英伟达（NVDA）2027财年第二季度营收约911亿美元、第三季度1023亿美元；公司指引为910亿美元、上下浮动2%，且未把中国数据中心计算收入计入展望。英伟达将于08/26（未给出具体时刻）公布财报，摩根士丹利维持增持评级和288美元目标价，但指出近四季财报后股价均曾回落，市场仍需关注市场份额、循环融资、2026年后毛利率及Rubin贡献。英伟达与韩国Rebellions、Cloverleaf Infrastructure的合作或投资仍处于初步讨论阶段，未必成交。
英文原文
Morgan Stanley resets Nvidia stock forecast ahead of earnings
Morgan Stanley resets Nvidia stock forecast ahead of earnings
Vuk Zdinjak
Sat, August 22, 2026 at 7:17 AM GMT+9 4 min read
- NVDA
-0.98%
- ^GSPC
+0.43%
- AAPL
-0.63%
- AMZN
-0.57%
- TSLA
+5.14%
Nvidia (NVDA) stock is up about 15.19% year to date at the time of writing, Friday morning, Aug. 21. Meanwhile, the SPDR S&P 500 Index (SPY) is up about 12.17% in the same period.
Nvidia hasn't only outpaced the S&P 500, but it has also outpaced all other Magnificent 7 members in the same period.
Here is how the other Magnificent 7 members have performed:
- Apple (AAPL) is up 13.87%.
- Amazon (AMZN) is up 12.49%.
- Alphabet (GOOGL) is up 9.94%.
- Microsoft (MSFT) is up 0.13%.
- Tesla (TSLA) is down 19.39%.
- Meta (META) is down 16.53%.
This is an impressive result, considering that Nvidia stock faces volatility near earnings, and results for the second quarter (Q2) of fiscal 2027 are set for Aug. 26 .
Nvidia usually manages to beat and raise every quarter, but the stock often dips despite this. In a research note shared with me, Morgan Stanley analyst Joseph Moore and his team outlined their expectations for the earnings report.
Heading into earnings, Nvidia is also making moves to strengthen its long-term position.
Key news for Nvidia stock
Nvidia is in talks with the Korean AI chip designer Rebellions about a possible partnership. The potential deal could be an investment or even an acquisition, Bloomberg reported.
The discussions are preliminary and may not result in a transaction. Rebellions designs AI inference chips, just like Groq. For those who are not familiar, I covered the Nvidia-Groq licensing deal in depth .
The short version of Groq's story is that Nvidia ensured it has the best inference accelerator. It will be interesting to see how these talks develop, and whether they result in another specialized AI chip for inference.
Another important developing story is that Nvidia is in talks to invest in Cloverleaf Infrastructure, The Wall Street Journal reported.
This could become a significant advantage as Cloverleaf Infrastructure arranges power for data-center projects.
Morgan Stanley estimates $91.1 billion in revenue for Nvidia's Q2.Shutterstock
Morgan Stanley sees strong growth for Nvidia even before Rubin product cycle impact
The team expects strong demand for Blackwell GPUs to lead to another quarter of beat-and-raise results.
Analysts noted that Nvidia has said Rubin will start shipping in Q3. They estimate $91.1 billion in revenue for Q2 and $102.3 billion in Q3.
Nvidia's guidance for Q2:
- Revenue of $91.0 billion ± 2%.
- GAAP and non-GAAP gross margins are expected to be 74.9% and 75.0%, respectively, ±50 basis points.
- Nvidia is not assuming any Data Center compute revenue from China in its outlook.
- Source: Nvidia
For a reminder of how Q1 results looked, I covered them in depth, along with Bank of America reaction .
Story Continues
Moore noted that Nvidia stock dipped the next day in each of the last four quarters, despite strong earnings.
"We aren't necessarily optimistic that [the] trend reverses, as the potential drivers of more significant multiple expansion are centered on longer-term issues," he wrote.
The long-term issues for the stock are:
- Market share versus competitors
- Circular financing concerns
- Gross margin trajectory beyond 2026
- The magnitude of Rubin's contribution in the second half
He said Nvidia management will be optimistic about these four areas, but without material updates, he doesn't expect the stock to move higher, assuming the typical results.
The team said there is strong enthusiasm for the Rubin platform, but it is too early to tell whether it will lead to market share gains at the expense of application-specific integrated circuits and AMD GPUs.
Moore reiterated an overweight rating for Nvidia stock and the price target of $288, based on a 22 multiple. He said that the multiple is in line with the broader market and at a discount compared to compute-semiconductor peers such as Advanced Micro Devices (AMD), Broadcom (AVGO), and Intel (INTC).
He noted that the "high market share and gross margins leave limited levers for multiple expansion in the near term."
Analysts noted downside risks for their price target:
- AI end markets could fail to materialize as expected, and customers would sharply reduce GPU purchases.
- AMD could reemerge as a viable GPU competitor.
- Cloud customers outside of Google could develop competitive custom hardware.
What do other analysts think, and how does Morgan Stanley's opinion compare?
According to MarketBeat , 52 of the 54 analysts covering Nvidia stock rate it a buy. Two give a hold rating. The average price target is $308.01.
Related: Bank of America's latest Nvidia alert is a must-read for worried investors
This story was originally published by TheStreet on Aug 21, 2026, where it first appeared in the Investing section. Add TheStreet as a Preferred Source by clicking here.
Nebius五十亿美元可转债融资
重要性5/5 高
融资规模、债务累积和潜在稀释直接影响NBIS估值与资本结构，且文章包含最新财务数据和市场反应。
中文简要摘要
完整摘要达到当日时间预算，以下保留已完成的模型简要摘要。
8月20日，Nebius确认将可转债发行规模从45亿美元提高至50亿美元，若附带购股权全部行使，总额可能达到57.5亿美元。公司第二季度销售额同比增长454%至5.82亿美元，但单季资本开支达57亿美元、净亏损1.9亿美元；同时以8亿美元旧可转债换取1,580万股新股，现有股东被稀释约5.5%。文章还提到Nebius可转债总额约120亿美元、流通股做空比例27.60%，部分收入预期与公司叙事仍待后续业绩验证。
英文原文
Nebius (NBIS) Raises $5B Convertible Bond As AI Compute Demand Surges
Nebius (NBIS) Raises $5B Convertible Bond As AI Compute Demand Surges
Maham Fatima
Fri, August 21, 2026 at 6:33 PM GMT+9 4 min read
On August 20, Nebius Group (NASDAQ: NBIS ) confirmed what had already rattled its stock a day earlier: a $5 billion convertible bond offering that ranks among the largest in recent corporate history. The company increased the deal from an initial $4.5 billion late Wednesday, and the total could still grow to $5.75 billion if buyers exercise every option attached. Nebius says the sheer size of the raise is proof of how much demand exists for its AI computing capacity. The stock's reaction, a sharp drop over two sessions, tells a more complicated story.
Nebius (NBIS) Just Raised $5B, And Wall Street Still Wants More
Bull Case: Betting On Insatiable Demand
Nebius chief communications officer Tom Blackwell summed up the pitch bluntly: "We know that everything we build, we can sell several times over." That is not just talk. Nebius sells AI computing power to customers that include Meta and Microsoft, and its results back the claim that the shortage is real rather than temporary. Second quarter sales surged 454% year over year to $582 million (a 5.5-fold increase), topping analyst estimates as the company continued expanding its data center footprint throughout the year.
Wall Street expects the pace to keep climbing, with forecasts calling for 446% revenue growth in the third quarter and 526% in the fourth. Nvidia, whose GPUs power Nebius's data centers, holds a roughly 9.3% stake in the company, a sign of confidence from the chipmaker sitting at the center of the AI buildout. All of that has fueled one of the market's wildest rides this year. Nebius shares have climbed more than 220% year to date and jumped over 40% in just the past few weeks, largely on the strength of that second quarter report. Investors betting on Nebius right now are underwriting the growth story first and worrying about the bottom line later.
The Cost Of Growing Fast
The dilution math is what actually moved the stock. Alongside the convertible note offering on Wednesday, Nebius disclosed a deal to swap $800 million of previously issued convertible notes for 15.8 million new shares, diluting existing holders by roughly 5.5%. Layered onto the size of the new offering, that news sent shares down as much as 14% intraday on Wednesday before they closed down 10.03% at $223.51, with trading volume swelling to 48.8 million shares, about 129% above its three-month average of 21.3 million. Shares extended the slide into Thursday, falling another 1.7% to $220.10. This is Nebius's third capital raise this year, and its total convertible debt now stands around $12 billion.
Story Continues
The spending matches the borrowing: capital expenditures hit $5.7 billion in a single quarter, and Nebius posted a net loss of $190 million even as revenue surged. None of that cash has turned into profit yet, and some analysts see an uncomfortable parallel to the broader capex race among the biggest AI infrastructure spenders, questioning how long the financing can keep pace with the building before something has to give.
A Market Split Down The Middle
Hedge fund ownership of Nebius rose to 60 funds in the most recent quarter from 54 previously, pointing to institutions adding exposure even through the volatility. Short sellers see it differently, and heavily so: 27.60% of the float is sold short, a level that signals a substantial bear camp positioned against the stock. This combination is the kind of setup that can send a stock sharply higher on good news or sharply lower if growth disappoints.
What The Next Quarter Decides
Nebius has turned fundraising into a near-constant event this year, and each time the market has to decide whether that reflects strength or strain. The bull case rests on demand still outrunning supply badly enough that a $5 billion bond sells easily and gets upsized along the way. The bear case rests on a debt load and dilution pattern that is growing just as fast as the revenue meant to justify it. For the growth story to win out, that 454% revenue growth pace needs to hold up long enough to make today's spending look prescient rather than reckless.
While we acknowledge the potential of NBIS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock .
Disclosure: None. Follow Insider Monkey on Google News .
Coherent光互连需求加速
重要性5/5 高
这是COHR最新季度业绩会材料，覆盖已实现财务数据、财年2027指引、AI数据中心需求和订单能见度，直接关系标的基本面；关键信息来自管理层电话会转录，仍存在前瞻性表述和转录误差限制。
中文简要摘要
完整摘要达到当日时间预算，以下保留已完成的模型简要摘要。
8月19日发布的Motley Fool电话会转录显示，Coherent管理层在8月12日业绩会上称，财年2026收入达71.2亿美元，同比增长23%（按形式合并口径增长28%），第四季度收入20.5亿美元，同比增长34%，非GAAP每股收益1.74美元，同比增长74%。数据中心与通信业务占Q4收入79%，数据中心收入同比增长66%；800G、1.6T收发器、光交换（OCS）和共封装光学（CPO）被列为主要增量来源。公司预计财年2027末单季收入超过30亿美元，订单覆盖2027年、部分客户订单延伸至2028年，长期供货协议覆盖本十年末；6英寸磷化铟产能计划同比翻倍，OCS可寻址市场估计超过40亿美元，CPO/NPO增量市场超过150亿美元。信息含管理层前瞻性表述且可能存在转录误差，需与正式财报交叉核验。
英文原文
Coherent (COHR) Q4 2026 Earnings Call Transcript
Coherent (COHR) Q4 2026 Earnings Call Transcript
Motley Fool Transcribing, The Motley Fool
Thu, August 20, 2026 at 8:31 AM GMT+9 7 min read
- COHR
-0.18%
Image source: The Motley Fool.
DATE
Wednesday, Aug. 12, 2026 at 4:30 p.m. ET
CALL PARTICIPANTS
- Senior Vice President of Investor Relations - Paul Jonas Silverstein
- Chief Executive Officer - James Robert Anderson
- Chief Financial Officer - Sherri R. Luther
Full Conference Call Transcript
Operator: Greetings, and welcome to the Coherent Fourth Quarter and Fiscal Year 26 Earnings Call. It is now my pleasure to introduce your host, Mr. Paul Jonas Silverstein, Senior Vice President of Investor Relations for Coherent. Please go ahead.
Paul Jonas Silverstein: Thank you, operator, and good afternoon, everyone. With me today are Jim Anderson, Coherent's CEO and Sherri R. Luther, Coherent's CFO. During today's call, we will provide a financial and business review of the fourth quarter of fiscal 26, and the business outlook for the first quarter of fiscal 27. Our earnings press release can be found in the Investor Relations section of our company website at coherent.com. I would like to remind everyone that during our conference call, you may make projections or other forward looking statements regarding future events or the future financial performance of the company. These are subject to a number of significant risks and uncertainties and our actual results may differ materially.
For a discussion of factors that could affect our future financial results and business, please refer to the disclosure in today's earnings release. Our most recent Forms 10 ks and 10 Q and the reports that we may file on Form 8 ks with the Securities and Exchange Commission. All our statements are made as of today, August 12, 2026, based on information currently available to us. Except as required by law, we assume no obligation to update any such statements. During this call, we will discuss non GAAP financial measures.
You can find a reconciliation of these non GAAP financial measures to GAAP financial measures in our earnings release and investor presentation that can be found on the Investor Relations section of our website at coherent.com. Let me now turn the call over to our CEO, Jim Anderson.
James Robert Anderson: Thank you, Paul, and thank you everyone for joining today's call. Fiscal 26 was an outstanding year for Coherent. On a pro forma basis, revenue increased 28% to a record $7 billion Our revenue growth combined with gross margin expansion and continued operating leverage drove non GAAP EPS growth of approximately 59% more than twice the rate of revenue growth. We also finished the year with significant momentum. In Q4, our pro forma revenue growth rate accelerated significantly with revenue increasing 14% sequentially, and 42% year over year, while non GAAP EPS increased 74% year over year. Our accelerated growth rate reflects the exceptional demand environment and our continued rapid expansion of production capacity.
Story Continues
While we are very pleased with our fiscal 26 performance, we are even more excited about the year ahead. We expect our growth to accelerate significantly in fiscal 2027. Having achieved our first $2 billion revenue quarter, we now expect to achieve our first quarter with over $3 billion of revenue by the end of fiscal 27. Coherent is a global leader in photonic technology. Our broad photonic technology platform is foundational to the performance and scalability of AI data centers. AI runs on compute, but it scales on optical connectivity.
Coherent is at the center of an extraordinary expansion in optical networking infrastructure, driven by the rapid growth of AI, the transition from copper to optical connectivity, and the increasing need for bandwidth and energy efficiency across increasingly large and complex data center architectures. Our competence in fiscal 27 is based on 3 factors. First, customer demand continues to grow. As demonstrated by another quarter of record bookings. Second, our supply of critical components is increasing, including the planned doubling of our internal Indium Phosphide year over year by the end of the current quarter. Third, multiple new revenue streams are expected to ramp over the coming quarters.
Including Optical Circuit Switching, co-packaged optics, multi-rail systems, and advanced materials for data center thermal and power management. Along with strong revenue growth, we expect continued gross margin expansion and operating leverage enabling us to grow EPS significantly faster than revenue. We expect fiscal 27 to be another outstanding year for Coherent. Our data center and communications segment continues to be the primary driver of our growth and accounted for 79% of total company revenue in Q4. Segment revenue increased 40% for full year fiscal 26. In Q4, our segment revenue growth rate accelerated significantly revenue increasing 19% sequentially and 59% year over year.
Demand continues to strengthen, driving another quarter of record bookings and extending our visibility further into the future. Our order coverage through calendar 27 is exceptional. Customer orders now extend into calendar 28. Customer LTAs extend through the end of the decade. We continue to see no signs of attenuation in customer demand. Our broad photonic technology portfolio manufacturing scale, and significant US production footprint are increasingly differentiating Coherent with customers and translating into deeper longer term partnerships and revenue opportunities. In our data center business, revenue increased 41% for full year fiscal 26. In Q4, our data center revenue growth rate accelerated significantly, revenue increasing 24% sequentially and 66% year over year.
This marked our third consecutive quarter of double digit sequential growth and we expect strong sequential growth again in the current quarter. Demand in our data center business remains exceptionally strong and broad based across multiple customers and product categories. Within transceivers, we expect growth to be driven by both 800G and 1.6T. We expect 800G revenue to continue growing year over year in calendar 2026, while 1.60 transceivers ramp rapidly through the balance of calendar 2026 and into calendar 2027, as adoption broadens across customers. Beyond transceivers, OCS revenue increased sequentially in Q4 we expect continued growth over the coming quarters as we expand production capacity.
We also expect CPO to begin contributing to revenue growth in fiscal Q2, consistent with our planned production ramp. Our 6-inch Indium Phosphide capacity expansion is a key driver of revenue growth and margin expansion. We remain on track to double our internal Indium Phosphide output capacity year over year by the end of the current quarter, 1 quarter ahead of our original plan. This ramp contributed meaningfully to our data center revenue growth in Q4 and we expect it to remain an important growth driver in Q1. Looking further ahead, we remain on track to more than double our internal Indium Phosphide output capacity again by the end of calendar 27.
We have secured the substrates and other critical inputs required to support this ramp. Given the strength of customer demand, we are planning additional capacity beyond 2027. Our capacity expansion is being driven by the transition to 6-inch Indium Phosphide production. Our 6-inch lines in Texas and Sweden are producing EMLs CW lasers, and photodiodes with yields that continue to exceed our 3-inch lines. We remain on track to begin 6-inch production in Zurich during the first half of calendar 2027, further extending what we believe is a meaningful manufacturing advantage. Our Texas facility has also begun ramping our ultra high power CW laser for CPO solutions. Including those covered by our NVIDIA partnership.
With revenue expected to begin ramping in Q2. Turning to OCS, revenue increased in Q4 as we continue to ramp production. Given strong customer demand across our 320x320 platform, and other system sizes, we expect OCS revenue to grow significantly through fiscal 27. We continue to estimate that OCS represents more than $4 billion of addressable market opportunity across data center interconnect, scale-out and scale-up networks. As we expand production across 2 manufacturing locations, we expect OCS to become an increasingly meaningful contributor to revenue growth and margin expansion. CPO, NPO, and other forms of integrated optics represent a tremendous growth opportunity for Coherent.
These technologies enable the transition from copper to optical connectivity represent more than $15 billion of incremental addressable market opportunity the coming years. At the ECOC industry event in September, we plan to unveil coherent PhotonLink, our new platform for integrated optics. PhotonLink spans the complete optical signal chain from light generation and beam shaping through transmission, detection, and conversion back to an electric signal for the XPU or switch ASIC. Platform supports CPO, NPO, and other forms of optical integration. PhotonLink leverages the breadth of coherent photonic technology portfolio and manufacturing capabilities to enable next generation data center architectures that use optical links to achieve new levels of bandwidth, performance, and energy efficiency.
We have deep engagements with multiple customers across both TPO and NPO applications. We believe offer comparable content opportunities for Coherent. We expect initial revenue from PhotonLink related products to begin in our December quarter We will share additional details about PhotonLink at our launch event on September 21. Turning to our communications business, customer demand remained exceptionally strong in Q4. Communications revenue increased approximately 54% for full year fiscal 26. Q4 revenue increased 11% sequentially and 56% year over year, driven by continued strength across data center interconnect, scale-out, traditional telecom applications. We expect another quarter of strong sequential growth in Q1.
Demand remains broad based across our portfolio with particular strength in DCI solutions, including ZR and ZR plus transceivers dwells pump lasers and complex high end optical subsystems. Multi rail is an important new growth opportunity in our communications business, addressing scale-out AI networking as workloads increasingly span multiple data centers require greater bandwidth between locations. We estimate a more than $2 billion addressable market by calendar 2030, continue to expect initial revenue to ramp in the first half of calendar 27. Preparation for the expected revenue ramp we recently delivered samples to multiple customers.
We believe Coherent is well positioned with a broad technology portfolio differentiated density and power efficiency, strong customer engagement, We expect multi-rail to become a meaningful contributor to revenue growth and margin expansion over time. Turning to our Industrial segment, revenue was roughly flat on a pro forma basis in both fiscal 26 and Q4. In Q4, semiconductor capital equipment and display capital equipment both grew sequentially and year over year offset by continued weakness across broader industrial markets. We expect growth to resume over the coming quarters, led by semiconductor capital equipment where bookings continue to strengthen.
Over the longer term, we see meaningful growth opportunities across several emerging applications, 1 example is data center XPU cooling where our proprietary thermodynamic material can improve thermal performance and enable higher XPU performance. Which can translate into greater AI token generation per XPU. We are engaged with multiple strategic customers and have delivered samples of our thermodynamic cooling solutions. We expect revenue to begin ramping in the second half of calendar 27, representing a meaningful expansion of our long term market opportunity. We also see longer term opportunities in fusion energy, quantum technologies, and micro LED display capital equipment.
Overall, we believe industrial is positioned to return to growth and become an increasingly important source of revenue diversification over time. In summary, we enter fiscal 27 with exceptional customer demand, record visibility, expanding production capacity, and multiple new growth platforms beginning to ramp. We believe Coherent is uniquely positioned to capitalize on the multiyear expansion of AI data center infrastructure supported by the breadth of our photonic technology portfolio, our manufacturing scale, and our significant US production footprint. I want to thank the entire Coherent team for their outstanding execution and innovation throughout fiscal 26. I will now turn the call over to Sherri.
Sherri R. Luther: Thank you, Jim. Fiscal 26 was an exceptional year for Coherent. We delivered record revenue of $7.12 billion, expanded gross margin by over 150 basis points, increased operating margin by nearly 300 basis points, and grew non GAAP earnings per share by 59% significantly faster than revenue growth. We also strengthened our balance sheet, reducing debt leverage to 0.7 times from 2 times at the end of FY 25 while continuing to invest in capacity as well as our product road map to support the growing AI data center and communications demand. Let me now provide a summary of our results.
Fourth quarter revenue was a record $2.05 billion, up 13% sequentially and 34% year over year, driven by growth in AI data center and communications demand. On a pro forma basis, revenue increased 14% sequentially and 42% year over year. Excluding revenue from the aerospace and defense business and the Munich Germany product division, which were sold in Q1 and Q3, respectively. Full year 2026 revenue was $7.12 billion up 23% from 2025 and up 28% on a pro forma basis. AI data center and communication strength was the key driver of our full year 2026 revenue growth. Fiscal 26 was the first year in Coherent's history to exceed $7 billion in revenue.
Our Q4 non GAAP gross margin was 40.2% a 66 basis point improvement compared to the prior quarter and a 215 basis point improvement compared to the year ago quarter. Our full year 2026 non GAAP gross margin was 39.4% up 152 basis points from 2025. Gross margin performance continued to improve both sequentially and year over year as a result of the initiatives we have been executing throughout fiscal 26. We saw benefits from our gross margin expansion strategy primarily within data center and communications segment. These improvements were driven by lower product input costs improved manufacturing yields and efficiencies, including continued progress on our 6-inch Indium Phosphide platform, as well as benefits from our pricing optimization efforts.
We expect gross margin to continue to improve over the coming quarters as pricing optimization and cost structure improvements such as increasing capacity from our 6-inch Indium Phosphide platform continue to take effect. Fourth quarter non GAAP operating expense was $377 million compared to $348 million in the prior quarter and $307 million in the year ago quarter. Non GAAP operating expense as a percentage of revenue decreased to 18.4% in Q4 from 19.3% in Q3 and 20.1% in the year ago quarter. As we continue to focus on driving better leverage and operating efficiencies.
Full year 2026 non GAAP operating expense increased to $1.35 billion from $1.17 billion in FY 2025 primarily driven by increased investments in our product portfolio. As a percent of revenue, operating expenses decreased 19% in 2026 from 20.1% in 2025. R&D expense as a percentage of revenue increased 10.2% in Q4 from 9.9% in the prior quarter and 9.8% in the year ago quarter. For the full year, R&D expense as a percentage of revenue increased 9.7% compared to 9.5% in FY 2025. The sequential and year over year increases were driven primarily by investments within the data center and communications segment product portfolio. R&D investments remain focused in areas where we see the strongest long term growth opportunities.
Including transceivers, CPO, OCS systems, and thermal management solutions We continue to prioritize investments that address customer demand while generating attractive returns and supporting future growth. SG&A expense declined to 8.2% of revenue in Q4 compared to 9.4% in the prior quarter and 10.3% in the year ago quarter. For the full year, SG&A expense decreased 9.2% of revenue from 10.5% in FY 2025 reflecting continued progress and driving efficiencies and generating greater operating leverage. During fiscal 26, we made significant progress simplifying our operating model and driving greater operational efficiency. The expansion of our regional shared services structure has reduced costs improved process consistency, and improved leverage across our global operations.
The benefits realized during the year exceeded our original expectations, and we expect these benefits to continue to increase throughout fiscal year 27. Our fourth quarter non GAAP operating margin increased to 21.8% compared to 20.3% in the prior quarter and 18% in the year ago quarter. Our full year 2026 non GAAP operating margin increased 20.5% from 17.8% in FY 2025. The increases for both Q4 and FY 2026 were driven by strong revenue growth continued gross margin expansion, and improved operating leverage. Fourth quarter non GAAP earnings per diluted share was $1.74 up 23% from the third quarter and up 74% from the year ago quarter.
FY 2026 non GAAP earnings per share was $5.61 up 59% from FY 2025. Earnings growth continued to outpace revenue growth in both the quarter and the full year, driven by strong revenue performance gross margin expansion, and improved operating leverage. Our FY 2026 year end cash balance of 2.59 billion compares to $3.05 billion at the end of the prior quarter. And $1.63 billion at the end of FY 2025. Consistent with our capital allocation priorities we continued investing in opportunities that we believe will drive long term growth and profitability. These investments were primarily focused on expanding data center and communications capacity and advancing our product development road maps.
During FY 2026, we made 513 million in debt payments exiting the year with a debt leverage ratio of 0.7 times compared to 2x at the end of FY 2025. Our capital expenditures increased $556 million up from $290 million last quarter and 131 million in the year ago period. This acceleration directly supports future growth across our data center and communications business These strategic investments are expected to yield excellent financial returns For example, the investments we are making in the data center business have a roughly 18 month payback period. Our conviction in these high return investments backed by excellent visibility from our customers with a robust pipeline of strong purchase orders and long term agreements.
This CapEx is primarily directed towards advanced tooling and state of the art manufacturing equipment that accelerates our volume manufacturing capabilities and optimizes production yields. Furthermore, as a vertically integrated manufacturer, this capacity offers significant fungibility as our infrastructure can be dynamically repurposed support multiple product lines. Given the exceptional demand profile and clear ROI visibility, we expect capital expenditures to increase sequentially again in Q1. These results reflect strong customer demand, disciplined operational execution, continued progress on our gross margin expansion initiatives, and investments in the products and technologies that we believe will drive future growth. I will now turn to our guidance for the first quarter of fiscal 27.
We expect revenue to be between 2.2 billion and 2.4 billion We expect non GAAP gross margin to be between 39.541.5% We expect total operating expenses of between $400 million and $420 million on a non GAAP basis We expect the tax rate for the quarter to be between 1.82 thousand% on a non GAAP basis. We expect EPS of between a $1.85 and $2.05 on a non GAAP basis. We are entering fiscal 27 with strong momentum. Supported by record backlog, excellent visibility into customer demand, and a significantly stronger financial position. We remain focused on expanding capacity, improving profitability, and allocating capital in a disciplined manner as we support future growth and drive long term shareholder value.
That concludes my formal comments. Operator, please open the call for Q&A.
Operator: Thank you. We will now be conducting a question and answer session. If you would like to ask a question, please press 1 on your telephone keypad. A confirmation tone will indicate your line is in the question queue. You may press 2 if you would like to remove your question from the queue. For participants using speaker equipment, it may be necessary to pick up your handset before pressing the star keys. 1 moment, while we poll for questions. Our first question is from Samik Chatterjee with JPMorgan. Please proceed with your question.
Joe: Hi, good afternoon and thanks for taking the questions. Maybe for my first, it sounds like you continue to make good progress on the 6-inch ramp and even hinting at further expansion beyond 2027. Can you provide us an update on the ramp and specifically how we should be thinking about how it translates into revenue and gross margins? And then I have a follow-up. Thank you.
James Robert Anderson: Yes. Thanks, Samik, for the question. Yes, I would say, I am quite pleased with the progress on our 6-inch Indium Phosphide ramp. I think the team is doing just an outstanding job of ramping that production. As I mentioned in the prepared remarks, we are on track to double the output capacity of Indium Phosphide production. This quarter. that is 1 quarter earlier. Than our original plan. And then by the end of next calendar year, we expect to more than double it again. So we are on a pretty fast pace of expansion and executing well to that. And actually a little ahead of our plan.
So really pleased with that And maybe a helpful data point just to kind of measure our progress along the way is if I look at our June quarter and I look at, well, how many lasers, Indium Phosphide lasers did we produce in our June quarter, on a year over year basis, we produced about 80 about 80% more Indium Phosphide lasers in our June quarter than we did the prior year. So 80% year over year growth. And those are the lasers that go specifically into our 800 gig transceivers and our 1.6T transceivers.
And so that 80% growth year over year, I see that as a really good measure of progress towards, you know, continuing to expand our Indium Phosphide capacity. And then I think you asked how does that relate to revenue You know, that 80% growth in lasers in the June quarter, we use those basically go into transceiver shipments in the current quarter. And so we would expect our data center growth, for instance, this quarter on a year over year basis to exceed 80%. Right? We certainly got the lasers this quarter to make that happen, And so that is kind of how you can think about how it impacts the data center transceiver revenue growth.
And, you know, I just a couple other comments on the progress. 1 of the things I continue to be pleased by is our yields. Our yields continue to be better than our 3-inch production. So yields of 6-inch better than 3-inch, and that is across all 3 devices that we have in production. That CW, EML, and photodiodes. And so all 3 showing better yields than 3-inch. And you know, another milestone that I mentioned in prepared remarks, we have now you know, we are starting production and ramping production of our ultra high power CW lasers that go into CPO applications. We will see revenue from those.
We expect in our December quarter, it is our Texas and Sweden plants that are ramping right now. So we are ramping in 2 locations. 6 inch, and we will bring a third 6-inch location online We expect in the first half of calendar 27. So yeah, I would say the progress, quite pleased with it. So And then I it sounded like, Samik, you had a follow-up question?
Joe: Yes. And the second 1 and very useful color there. Thanks, Jim. The second 1 is and maybe you started touching on this, but the CPO revenue starting in December quarter, Just curious, can you shed any light or additional color around the opportunity, both near and long term, just particularly given the recent noise surrounding it from the market perspective around concerns around delays and maybe the forward pull-in of NPO. Just curious in terms of if any other color you can share there just given kind of all that noise surrounding it. Thank you.
James Robert Anderson: Yeah. Sure. Thanks, Samik. Yeah. First of all, we have seen absolutely no push out of CPO demand. In fact, it is been the opposite. We have seen demand increase and demand request from customers demand getting pulled in. And so we have only seen the opposite. And then that is on CPO specifically. And then the other thing that we have seen, especially over the last 3 to 6 months, is a significant ramp up in the engagement with customers on not just CPO, but now NPO.
So I would say we have, you know, multiple very important engagements across many customers, around either CPO or NPO And so the, yeah, the intensity is has really gone up over the last 3 to 6 months. And so we are really pleased to see that. And just as a reminder, when we talk about integrated optics, whether it is CPO or NPO or any other form of it, we have a very wide portfolio that we can bring to our customers. it is not just 1 ingredient, but a really wide range of products. it is of course, it is the laser. We have you know, we have very strong laser capabilities.
But the laser, the external laser module the optical components that go into that external laser module, like isolators, We manufacture polarization maintaining fiber. This is the type of fiber that you would use to connect the laser module to the device or the device back to the front panel We have got the we can do the full assembly of the entire fiber attach kit. We do the SiPho PICs. So we are able to bring to our customers a full range of integrated optics capability. And we see NPO or CPO to us, it is just a different form factor.
The amount of content that we would have in an NPO application versus a CPO is very comparable, very similar. And so we are just we are driving whatever the customer prefers in terms of their type of application, CPO or NPO. We are there to support them. And then the other thing that we are going to be launching in September that I mentioned is a new platform technology platform called PhotonLink. And what we were seeing with customers around CPO and NPO is customers not wanting to just buy a point individual ingredient like a laser or an isolator, but really wanting help bringing the full the full solution.
And so what PhotonLink is it is our integrated platform for basically being the 1 stop shop for integrated optics platform. And so it spans all the way from light generation to beam shaping and transport transmission to detection and conversion back to the signal. So we will talk more about it at our product launch event in September. But we think that is, you know, based on the initial customer reaction, great. You know, great solution for customers that want more of a complete solution. So we are pretty excited about that as well. Thank you. Appreciate all the details.
Operator: Our next question is from Simon Leopold with Raymond James. Please proceed with your question.
Simon Leopold: Great. Thank you very much for taking the question. The first thing I wanted to ask you about and I know this, it is not a done deal, but there is been press coverage on potential import restrictions for optical transceivers. And I think I have 2 parts to this question. The first aspect is what does it mean to Coherent specifically? And part of this would I think it applies to the CHIPS Act, creating US jobs. So could you in practice move transceiver manufacturing? Would you or could you move that to The US? And then I have got a follow-up. Thank you.
James Robert Anderson: Yeah. Thanks, Simon. So, you know, that report is speculative at this point. But, you know, certainly, we would benefit from something like that as the as the main, you know, the largest US supplier of transceivers, something like that would certainly be beneficial. Although, you know, we always want to compete for our customers' business based on our technology and based on our manufacturing. And we think we have got the broadest, deepest photonic technology in the industry and the most extensive manufacturing footprint. And 1 of the things that we are really proud about on our manufacturing is of course, we are a global manufacturer with locations all over the world, which gives us resiliency.
Of course, we are also vertically integrated. We build a number of the very important components ourselves. But, Simon, as you mentioned, we have an outside footprint in The US. We have over 20 production facilities in The US, and that I think is really a strategic advantage for us. You know, just 1 example is that Sherman, Texas facility. We are making very critical components in Sherman, Texas for not just transceivers, but for CPO and NPO applications. And there is other facilities throughout the US where we make other critical components like fiber optic cable, like growing the garnet that goes in the isolators for transceivers.
So to the extent that we need to we are already investing US manufacturing, but to the extent we need to increase that US manufacturing we would certainly be open to doing that. We have got we were founded over 50 years ago as a US manufacturing company And so we have a great footprint, and we could certainly build off of that. Thanks.
Simon Leopold: And then just the follow-up is I think it was you gave us a target for Q4 2027, June 2027 of revenue exceeding $3 billion I think that is well above current consensus. I would like to get a better sense then of what you are thinking about your gross margin. I know in the past, you have talked about a target of 42.5%. Wondering if you could update us given sort of the shifts in growth in the mix, how you are thinking about the gross margin trajectory? Thank you.
James Robert Anderson: Yeah. I will pass that 1 on to Sherri to comment on gross margin. But the, you know, the quick version is that we have made, I think, great progress over the past quarters, and we are certainly super focused on continuing to make progress moving forward. But, Sherri, do you want to add color to that?
Sherri R. Luther: Sure. Sure, Jim. Thanks, Simon. So first of I would like to say I am extremely pleased with the progress we have made in improving gross margin. We increased gross margin 66 basis points sequentially and 250 basis points year over year. In fact, in 8 out of the past 9 quarters, we have increased our gross margin. So that is not just a trend. that is showing that we are actively driving gross margin improvement. And the accumulation of improvement was over 660 basis points of improvement. So clearly, an area that we are actively driving and focused on. Now the target, that we gave at our Investor Day of greater than 42%.
And at the midpoint of our Q1 guide, which is at 40.5%, you know, that is you know, certainly, we are we are still early. We have a little bit of ways to go. I do view that we are early in our you know, in our strategy for gross margin expansion, but we are extremely focused on getting to greater than 42%. And let me tell you why I am confident. The bulk of the 6-inch Indium Phosphide product ramp is still ahead of us. that is still to come. New product ramps for 1.6T OCS system CPO multi-rail systems, thermal management solutions, all of those new products, those ramps are all still to come.
They are all ahead of us. And of course, we will continue to drive cost reductions, pricing optimization improvements, the bulk of those improvements driven to date are in these areas, and we have clear plans to drive you know, what I view as a very significant opportunity ahead. So once we get to our target of greater than 42%, we will no doubt raise the target. Thank you. Thanks, Simon. Thanks, Simon.
Operator: Our next question is from George Notter with Wolfe Research. Please proceed with your question.
George Notter: Hi, guys. Thanks very much. I guess I was just curious about where you are in terms of your transceiver mix right now. Obviously, there is an initiative to insource as much of those laser datacom chips as you can. I am just curious, like, how much of your mix is now, you know, insourced in terms of the laser datacom chip? And then also, I know there was a plan to kind of, you know, exceed your own internal needs and supply EMLs externally. I am just curious, like, what the road map looks like for, you know, selling EMLs commercially in the market. Thanks.
James Robert Anderson: Yeah. Thanks, George. I think on the last point, given the demand that we see in our data center business with transceivers, I do not see any time in the near future where we would be selling Indium Phosphide lasers externally. Our data center transceiver demand is absorbing every bit of capacity. That we have and then some. So I do not I do not see any near term ability to do that. Maybe further out, but today, we use a mix of internal internally produced and externally sourced. I still believe that over the long term, we will have some portion of our datacom transceivers that will be supported by external sources.
I think that is there is a number of strategic reasons why that is good for the transceiver business. But certainly, think as we expand our internal production, which is growing very quickly, I talked about the 80% year over year growth that we saw in laser production. In our June quarter, and that will grow from here given the ramp in Indium Phosphide, You know, I would expect over time for a greater percentage of our transceivers to be serviced with internal Indium Phosphide. Great, thank you.
George Notter: And then just as a quick follow on, I am curious about where you are on VCSELs. It seems like there is a lot of new enthusiasm around VCSELs in scale up applications. Obviously, you guys are working on a 200G VCSEL. I am just curious about where that is and how do you see that opportunity for Coherent? Thanks.
James Robert Anderson: Yeah. I think that is a great tool in our chest. Right? Is in our tool chest is the 200G VCSEL. We continue to make good progress on that. I do think that 200G VCSEL will see adoption in integrated optics applications. In you know, like, NPO type of applications. And so we are actively working with customers on VCSEL-related NPO or integrated optics application. So that is certainly an important tool, and, yeah, we think that will be deployed. Thank you.
Operator: Our next question is from Ryan Koontz with Needham and Company. Please proceed with your question.
Ryan Koontz: Great, thanks. I want to ask about your capacity constraints here. I wonder if you could look at kind of your input capacity constraints as well as your own internal production capacity constraints? And how should investors think about those and where you are investing now? But where are your sharpest pain points now to grow the business over the next 12 months?
James Robert Anderson: Yeah. Thanks, Ryan. I would not say that any-- Indium Phosphide capacity continues to be our primary constraint. that is why we are so focused on ramping that 6-inch production. That we are not constrained, for instance, if you look at transceivers, we are not constrained in the assembly and test capacity right now. We have that capacity available. We are really just constrained by the ramp of the Indium Phosphide production. And so as we as we continue to ramp that Indium Phosphide output, we expect that to continue to help drive revenue growth for our transceivers. So it is it is really as simple as that. that is the primary constraint.
Ryan Koontz: Helpful. Thank you. And maybe as you think about, the telecom side of the world and multi-rail and pump lasers and all that is involved there, You know, how do you, think about that monetization opportunity in terms of various parts or systems you might sell into that market?
James Robert Anderson: Yeah. Thanks, Ryan. In that market, we actually sell a multiple different levels, so we do sell components into that market, we sell what I would call subsystems. So these should be amplifiers, line cards, in some cases, we will sell kind of full systems. And so we sell at multiple levels, and I would say the growth there is incredibly strong. You know, in communications, the kind of scale-out DCI falls within our communications business. We saw in our June quarter 56% year over year growth in that segment.
I think that segment moving forward, we are gonna continue to see faster growth just as we have seen in the sort of data center applications and that is across, just a multiple different products, whether it is our ZR/ZR+, transceivers, whether it is some of the components like the pump lasers or the products that go into the pump lasers. And then as I mentioned in the prepared remarks, soon you know, we will start to see revenue from a multi-rail So the our technology for multi-rail systems is in the hands of customers now. We have sampled that. And we expect revenue to start to flow from multi-rail in the first half of calendar 27.
So, yeah, there is just a wide range of products there, and I would say the demand just continues to go up for anything DCI or scale-out related. Super. Thanks, Jim.
Operator: Our next question is from Blayne Curtis with Jefferies. Please proceed with your question.
Blayne Curtis: Hey, good afternoon, guys. I had 2 questions. First, maybe you could just talk about the OCS demand. I mean, you mentioned the $4 billion TAM. I think you are starting to ship in smaller volumes. Can you just talk about where you are seeing the demand, how broad that is? And, you know, I think there is expanding applications as well, like inter-rack and such. Can you just comment on that?
James Robert Anderson: Yeah. Definitely, Blayne. We are certainly seeing an expanding range of applications. So you know, originally, when we started working on OCS, we were thinking about it mostly in the in the context of scale out. But now, clearly, we think we will see adoption and scale-out and then a clear path to scale up as well. So have active customer engagements in scale up applications. And so that is really what led us to double the size of our market outlook at OFC earlier this year. So we doubled it from 2 to over 4 billion. And we may have even been conservative on that $4 billion number in terms of the addressable market over time.
I think that was for a 2020, 2030 time frame. And so, yeah, we have only seen the application widen, and the demand looks stronger than what we had thought 6 or 12 months ago. So it looks very good. And then in terms of our progress, yeah, pleased with our progress. The demand is clearly at there, and so we are really just focused on ramping manufacturing capacity as fast as we can. We saw revenue grow in our June quarter, and as I look forward over the coming quarters, we expect to continue to expand production capacity and then drive faster revenue growth as well.
So we believe it becomes a very meaningful product line over time for us. Thanks.
Blayne Curtis: And then I want to go back to NPO. If you could just talk about, is there a way to kind of think about how many projects you are working on? And then I just wanna drill down on there is a lot of questions on you said the content would be similar to CPO. But then I think there is some talk about integrated, and then you answered a question talking about VCSELs. So can you just walk through that content? Where are you seeing the demand Is it kind of even on the projects you are working on now, and it might change in the future? Can you just walk through that?
James Robert Anderson: Sure. And what I would say is with almost every customer that we work with, certainly large strategic customers, we have either a CPO or an NPO or in some cases, a CPO and NPO project ongoing. So and that is really that sort of intensity and engagement around CPO and/or NPO has really gone up over the last 3 to 6 months. And so I would say those engagements are very active. And just as a reminder, as I said earlier, we are, you know, we are not just bringing 1 ingredient like a laser to the solution. Bringing a full platform solution The laser, the interconnect, the different optical components etcetera.
So we I would say, you know, engagements across all the major customers. And then on the second part of your question on the dollars of content, yeah, we see comparable levels of content for both CPO and NPO. To us, it is just a different attach point, whether it is connecting directly near the piece of silicon or whether it is on the motherboard, NPO or the level of content that we would see, we view as very similar. And maybe that is because we are we are providing a pretty broad range of solutions in both of those types of applications. But we see the level of content similar.
And I would say all of this, I would point out, is incremental addressable market for us, but also for the optics industry in general. I mean, most of these projects are focused on scale up applications where we are gonna be converting more of those copper electrical lines to optical over the coming years. So it is it is great addressable market expansion for us, and we expect it to be a major growth area for us. Thanks, Tim.
Operator: Our next question is from Karl Ackerman with BNP Paribas. Please proceed with your question.
Karl Ackerman: Yes, thank you. I have 2, if I may. First question, Jim, you spoke about quarterly revenue exceeding $3 billion by the end of fiscal 27, which is quite robust. Could you unpack that a bit and describe how much of that is an uplift from perhaps 1.6T transceivers? You talked about OCS demand. You talked about multi rail. Perhaps how much of this is coming from any backlog or pricing as well If you just kind of bucketize those, it would be very helpful. And I have a follow-up. Yeah.
James Robert Anderson: Thanks, Karl. So first of all, you know, that is all the primary driver there is data center and communications. We expect some improvement in industrial but it is really the bulk of that is driven by data center and communications given that is 80% of our revenue. And then within that, I would say, certainly, transceivers is a big driver of that. You know, we have got 800G is still growing very robustly on a year over year basis, and then 1.6T is ramping incredibly fast. In fact, we have seen the 1.6T ramp only the pull in be stronger, demand increase, and so that ramp is even faster than what we thought say, 3 months ago.
So 800G, 1.6T transceiver is certainly a key part of that. But beyond that, OCS ramping through the course of this fiscal year. CPO now starting to really kick in, in the December our December quarter. And ramping in the following quarters. We talked about multi-rail as well And then, yeah, there are pricing improvements that we are driving, either kinda normal pricing improvements or pricing improvements are part of our LTAs, long term agreements with our customers. That are kicking in as well. So it is really a number of factors Across, you know, across data center and communications, we are I am trying to think if there is any product line where we are not supply constrained on.
The demand is robust across almost every single product. Across data center and comms and it is really just a matter of as fast, we can sell as fast as we can ramp production. And so our we have had just an extreme focus on ramping production as quickly as possible. Thank you.
Karl Ackerman: And then you also spoke about how customer orders extend into 2028 and LTAs to the end of the decade. When you discuss LTAs extending into 2028, is that volume committed in 2028 at a higher volume commitment 2027? Perhaps you could provide some guardrails with respect to the volume commitments that you are seeing today and how that is improved over the last 90 days? Thank you.
James Robert Anderson: Yes. Thanks, Karl. So first of all, on the when I am talking about the near term, we are talking about purchase orders or backlog. And so in terms of backlog and bookings, we take, like, our June quarter, we saw I would call, just an extraordinary level of bookings, record bookings, again in our June quarter, and so our backlog now extends out--you know, fiscal 27 is basically completely booked out We are booked really through the end of calendar 2027. And what we are seeing now is, you know, customers now looking into calendar 2028. Right? So those are those are purchase orders for specific products etcetera.
So that is really good because that is very high quality near term demand visibility. And then at the same time in parallel, a lot of customers putting in place long term agreements with us. Where long term agreements for supply over a multiyear period. Many of those periods extending out through the through the end of the decade. And yeah, generally, those agreements have, you know, increasing supply each year because what we are doing is we are expanding capacity to bring on or to support their demand requirements moving forward. So expanding capacity, expanding demand from them. And then they have pricing related commitments.
And then they also have sort of minimum demand guarantees from our customers or sometimes you refer to those as take or pay agreements. And so those LTAs are also really helpful. Those give us a great visibility just beyond 2028. Those give us really good visibility into the key products we need to be building and the capacity we need to be expanding through the rest of the decade.
Operator: Our next question is from Meta Marshall with Morgan Stanley. Please proceed with your question.
Meta Marshall: Great. Thanks so much. Maybe a question for Sherri. I know you alluded to 6-inch yields kind of being a big portion of the gross margin increase. But just as we think about into the next year, how much of that improvement is really the yield improvements versus maybe some of the product mix or pricing? And then second question, just in Jim, a question for you. I know it was kind of asked about you know, the potential restrictions being put into place. But just you know, have you seen kind of a change in customer urgency to get product?
I know you are kind of sold out, but just in terms of a change in customer communication since over the past couple of weeks? Thanks.
Operator: Thanks, Meta, for your question.
Sherri R. Luther: So in terms of 6-inch yields, what I was mentioning is it is 6-inch cost structure. Because if you remember, we have talked about the fact that 6-inch wafers are--you know, we get 4x the amount of output from that from that wafer versus 3 inch. Right? 4 times, but it is at half the cost. So it is that cost structure that is beneficial to us. When I talk about, you know, what is ahead of us that will help drive, gross margin improvement, it is really that ramp of 6-inch Indium Phosphide products that will be beneficial to us because of the cost structure of 6 inch.
And I think, Jim, you should have Yeah, and I will just reiterate I said earlier that when we look at yields for 6-inch, the yields for 6-inch are actually higher than our 3-inch production. And so, again, it is more the benefit of the 6-inch is the cost structure cost structure benefit.
Operator: And then on the second part of your question around customer you know, sort of customer reaction to the to the recent writer's article.
James Robert Anderson: I would say, yeah, we have seen there is a number of customers that have reached out to us and have engaged in, you know, discussion around manufacturing and exploring different options around that. And so, yeah, I would say that has spurred some new customer demand and supply discussions. And so those discussions are ongoing. Great. Thank you.
Operator: Our next question is from Given Arya from Bank of America. Please proceed with your question.
Given Arya: Thanks for taking my questions. For the first 1, Jim, CPO for scale up, what is the timeline for Coherent? Is it second half of 27? Is it 2028? And then how broad is it? And what is the pushback from customers who do not want to adopt it early?
James Robert Anderson: Thanks, Vivek. As we have said this in the past. We continue to expect revenue from CPO for scale up applications to start to flow in the second half of calendar 27. And, yeah, that is been a consistent view for quite a while for us. And so the CPO that we are ramping right now will first go into scale out applications. And then that will continue to grow. And then scale up will kick in the second half of 27. And then you know, customers, I would say, within the scale up domain with customers, if we are not having a CPO discussion, they are at least considering or engage with us in NPO.
So I think almost every customer that we have, certainly the big strategic customers, are engaged with us in a discussion of CPO or NPO. And there is just a differing views by our customers depending on their architecture, whether they would prefer an NPO app, an NPO sort of form factor to start with or CPO. And some customers that were engaged with an NPO, I expect to eventually transfer to CPO further down the line, and some are choosing to go directly to CPO. And so it really depends on the particular customer and comes down to their specific architecture. Got it. Thank you.
Given Arya: And for my follow-up, maybe 1 more on gross margins. In the it is probably more nitpicking, but in the first half of the year, saw incremental gross margins that were more in the I think, mid forties or better. I think what you guided to for September is sort of in the low forties. I am just curious if there is anything specific for September and just broadly, how should we think about, incremental gross margin fall through for fiscal 27 given that you have kinda given us the bookends? For the year. Thank you.
Sherri R. Luther: Yeah. So, Vivek, when you think about you think about gross margin improvement going forward, it is really driving the initiatives that I talked about, right? Continued cost reduction pricing optimization. We will continue to focus on that. The timing of those benefits, it is it is gonna differ because it just depends on the initiatives and when they kick in. As we ramp throughout the rest of this year, as Jim mentioned, that $3 billion revenue number, by the end of FY 27, and you talked about the revenue opportunities there. He mentioned new products, right? He mentioned 1.6T, OCS, CPO, all these things kicking in, which are going be beneficial to our gross margin.
And so that will help drive improvements in gross margin as we move ahead. But when you talk about flow through on gross margin and what you can think about, the other thing that I would like to make sure that I call your attention to is that if you look at our operating expenses, in our Q1 guide that we provided at the midpoint of that guide, we are we are already below our operating our target model rather. So we gave a target model for OpEx just last year, in fact, of 18% for OpEx. And so the midpoint of our Q1 guide, we are already below that. And we are going to continue to drive operating efficiency.
We have made tremendous progress on the SG&A front, but there is more operating leverage that we will get out of R&D as well. So when you think about total flow through, you know, keep that in mind as well. I just wanna point that out because I expect that there is significant opportunity to drive even greater operating leverage for the reasons that I just stated. Thank you.
Operator: Our next question is from Michael Mani with Rosenblatt Securities. Please proceed with your question.
Michael: Great. Thanks, Jim. it is really good to see the expectation for CPO laser revenues in the fiscal second quarter because that would imply that you are either qualified or have line of sight to qualification and would kind of you know, go against some of the fuzz. I think that is not coming from Wall Street, but more coming from a substack saying you guys are having trouble with that laser. Just any more color on, like, the confidence that, you know, you will be ready for the customer to actually recognize revenue in that quarter and just progress that is been made recently? Thanks.
James Robert Anderson: Yeah. I am really pleased with the progress. I think the team's done a great job. I actually think our design on that particular laser is outstanding and has some significant technical advantages and production advantages. And, yeah, we have we have already started production wafers for those shipments in our December quarter, and that customer continues to tell us to please ship more as fast as possible. So, yeah, I think we feel really good about that. And but just as a reminder, it is not just lasers. Right?
We supply lasers, external laser modules, the different optical connectors, the fiber optic cable, the fiber attach unit. there is a there is a lot of content that we supply just beyond just the laser. But, certainly, laser is a key ingredient. Great.
Michael: Sounds good. Last question. You have mentioned already repeatedly about the LTAs, which gives you revenue visibility. My question is, does that also give you pricing visibility and specifically, you know, how far into the future do you think that prices of lasers will keep rising when you sort of weigh your LTAs and the and the amount of capacity that is been added and the potential for increasing competition may be coming from China. But your confidence sort of how far out you think before we have to worry about, you know, laser prices not going up anymore?
James Robert Anderson: Yeah. it is a good question, Michael. The so when we when we do LTAs, they almost always have not just a volume commitment, but agreed upon pricing as well. And so the pricing is set for I think, all or almost all of our LTAs out through the length of the LTA. Some of those are 3 years. Many of those go out through the rest of the decade. So that gives us great visibility on not just the volume that we need to go drive, but the pricing that we can expect as well. So it is it is good visibility from both those aspects. Thanks for taking the questions. Appreciate it. Thank you.
Operator: This concludes our Q and A session. I would like to turn the floor back over to Jim Anderson for closing comments.
James Robert Anderson: Yes. Thanks, operator, and thanks again for joining us on the call today. So we are certainly entering our fiscal 27 with great momentum exceptional customer demand, and really accelerating growth prospects given the capacity and the ramp in new growth platforms ahead of us. I think with our with our photonic technology and manufacturing scale, I think the company is just really well positioned moving forward. I just want to say thanks again to our employees, for their great work in fiscal 26 and to all of our customers, partners, and shareholders for their support. So thank you, and we will look forward to updating you again in another quarter.
Operator: This concludes today's teleconference. You may disconnect your lines at this time. Thank you for your participation.
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比特币周涨超两成带动加密股
重要性4/5 中高
文章覆盖近期比特币突破、以太坊和加密股联动，并包含CRCL、SPCX及多项量化事实；但内容为周度汇总，部分监管、合作和行业数据依赖第三方或未经独立验证的报道。
中文简要摘要
完整摘要达到当日时间预算，以下保留已完成的模型简要摘要。
文章于美东时间 08/21 16:34（UTC+8 08/22 04:34）发布，称比特币当周上涨23%至约77,200美元，主要上涨发生在8月19日美国财政部压低国债收益率、特朗普推动《Clarity Act》之后；以太坊本周涨近30%至2,400美元，Coinbase与Strategy均涨超15%。文中还记录Strategy持有840,447枚比特币、未实现收益14亿美元，以及比特币上涨令空头损失约27亿美元、影响172,108名专业交易者。关于CRCL和SPCX的增量包括X据报与Circle讨论用USDC支付创作者、SpaceX已使用稳定币跨境结算；相关数据来自TRM Labs、CoinGlass、NOWPayments和a16z等第三方，部分内容仍属报道或估算。
英文原文
Weekly Wrap: Bitcoin Breaks Out
Weekly Wrap: Bitcoin Breaks Out
Editorial Staff
Sat, August 22, 2026 at 5:34 AM GMT+9 6 min read
- HUT
-8.79%
- ETH
+3.88%
- STRK
+3.66%
- USDT
- COIN
+8.20%
Bitcoin (CRYPTO: $BTC) was on track to end the week up more than 20% following its biggest rally since 2023. The largest cryptocurrency by market capitalization was trading at $77,200 U.S. late on Aug. 21, up 23% from $62,800 U.S. at the start of the week. After treading water for months, Bitcoin has finally broken out after the U.S. Treasury intervened to lower government bond yields and U.S. President Donald Trump called on Congress to pass the Clarity Act.
Since those events occurred on Aug. 19, Bitcoin and other cryptocurrencies have seen their prices shoot higher, with Ethereum (CRYPTO: $ETH) rising nearly 30% this week to trade at $2,400 U.S. Until now, Ether had been unable to break through resistance it encountered at $2,000 U.S.
The crypto rally has extended to stocks of cryptocurrency firms, with Coinbase Global (NASDAQ: $COIN) and Strategy (NASDAQ: $MSTR) each up more than 15% on the week. Bitcoin had been rangebound between $60,000 U.S. and $65,000 U.S. for six consecutive weeks. BTC hit a low for the year of $58,000 U.S. at the end of June.
More From Cryptoprowl:
- Canadian Defense Tech Firm Jumps 92% as Government Revenue Boosts Margins
- MEXC's August 2026 Proof of Reserves Confirms User Assets Fully Backed as Reserve Ratios Remain Above 100%
- Social Media Platform X Considers Stablecoin Payments
- HYPE Jumps 17% After Trump Backs CFTC Path for Hyperliquid in U.S.
- MEXC Lists Ondo Tokenized Stock Moderna (MRNAON), Expanding Access to U.S. Biotech Exposure
However, despite the recent rally, Bitcoin remains well-below its all-time high of $126,198 U.S. reached on October 6th of last year.
Here's what else happened in the crypto sector this week…
Strategy Has A $1.4 Billion Bitcoin Profit: After being in the red for months, Strategy is back in profit on its Bitcoin holdings, with an unrealized gain of $1.4 billion U.S., or 2.4%. The company owns 840,447 Bitcoin, which it acquired at an average price of $75,385 U.S. Strategy had been sitting on an unrealized loss for much of this year as the price of the largest cryptocurrency steadily fell. When Bitcoin hit its low for the year of $58,000 U.S. in June, Strategy was sitting on an unrealized loss of $13 billion U.S.
Poolin Files For Bankruptcy: Bitcoin mining operator Poolin Technology has filed for Chapter 11 bankruptcy. The Singapore-based company, which operated a Bitcoin mining pool, has sought protection from its creditors in a New Jersey court. A Bitcoin mining pool is a group of cryptocurrency miners who combine their computer processing power to increase their chances of minting new BTC. Poolin listed assets of about $10 million U.S. and liabilities of as much as $500 million U.S. The petition estimates that the company has as many as 25,000 creditors.
Story Continues
X Considers Stablecoin Payments: Social media platform X is reportedly considering paying influencers and content creators in stablecoins. Reports say that X, owned by Elon Musk, is in talks with Circle Internet Group (NYSE: $CRCL) about using its USDC stablecoin (CRYPTO: $USDC) to pay people. Stablecoin payments would include royalties to content creators and influential users of the platform who regularly upload content. Musk's other company, SpaceX (NASDAQ: $SPCX), already uses stablecoins to facilitate cross-border payments.
A.I. Use In Crypto Crimes Has Risen 40%: Artificial intelligence (A.I) is increasingly being used in cryptocurrency crimes, according to a new report from TRM Labs. TRM Labs, a blockchain intelligence company, says A.I. use in crypto crimes has risen 40% in the past year, with the increase driven primarily by online scammers. The firm's 2026 "AI-in-Crime Adoption Index" places A.I. use in crypto crimes at an "emerging level" of 54 out of 100. That's up from 28 out of 100 in 2024. "AI has not invented new crimes. It removed the constraints on old ones," said TRM Labs in its report.
Crypto Card Spending More Than Doubles: Payments on cryptocurrency-focused cards has more than doubled from a year earlier to reach $759 million U.S. in July. Spending on crypto cards increased 2.5 times in July from a year earlier supported by nearly nine million purchases settled through dollar-backed stablecoins, according to venture capital firm Andreessen Horowitz. The monthly amount being spent on crypto cards has risen from less than $1 million U.S. in October 2023 to more than three-quarters of a billion dollars today. Crypto card payments let people spend digital assets such as Bitcoin and stablecoins at merchants.
Stanley Druckenmiller Buys Hut 8, Riot Platforms And Bitdeer: Famed investor Stanley Druckenmiller has taken a shine to crypto miners turned data centre operators. Druckenmiller opened new positions during the second quarter in Hut 8 (NASDAQ: $HUT), Riot Platforms (NASDAQ: $RIOT), and Bitdeer Technologies (NASDAQ: $BTDR). Druckenmiller's biggest best in the data centre space is Bitdeer, where he purchased 3.1 million shares worth $38 million U.S. Druckenmiller is best known for helping investor George Soros execute his lucrative bet against the British pound in 1992, a trade that netted a profit of $1 billion U.S.
Tether Remains Dominant Stablecoin: Tether's USDT (CRYPTO: $USDT) remains the world's dominant stablecoin despite rising competition in the digital asset space. Data from NOWPayments shows that USDT continues to be the dominant stablecoin by business transaction volumes. However, Circle Internet Group's USDC stablecoin is gaining momentum. In the first half of this year, USDC transactions increased 209% year-over-year and transaction volume rose 101%. Tether's USDT transaction activity declined over the same period.
Bitpanda Hit With European Fine: Austria's government has fined Bitpanda the equivalent of $81,150 U.S. for breaches of the European Union's Markets in Crypto-Assets (MiCA) regulations. It was the first fine doled out as part of MiCA enforcement actions in Europe. Bitpanda is a privately held Austrian crypto investment and trading platform founded in 2014. According to Austrian authorities, Bitpanda failed to submit a cryptocurrency white paper at least 20 working days before publishing it. Bitpanda also circulated a marketing communication before publishing the required white paper. Bitpanda said it has rectified the issue.
Visa Searches For Stablecoin Partner: Credit card giant Visa (NYSE: $V) is in search of a new stablecoin settlement partner after its previous partner in the space, BVNK, was acquired by rival Mastercard (NYSE: $MA). Visa has reportedly issued a request for product talks about the ability to swap and support a range of stablecoins, as well as handle settlement for the Open USD stablecoin project. Visa is a leading member of the Open USD project, along with payment firm Stripe and Mastercard.
Short Sellers Lose $3 Billion As Bitcoin Rises: Short sellers quickly lost close to $3 billion U.S. on their bearish bets as the price of Bitcoin jumped above $70,000 U.S. Market data shows that traders and investors who were short Bitcoin lost $2.70 billion U.S. as the price of BTC got as high as $72,000 on Aug. 20. Liquidations due to the sharp rise in Bitcoin's price impacted 172,108 professional traders, according to data from CoinGlass. It's the biggest loss on Bitcoin short bets since 2021.
Moderna推动医疗板块创纪录周涨幅
重要性4/5 中高
Moderna的极端周涨幅直接关联XLV板块表现，临床消息具有时效性，但原文证据细节不足。
中文简要摘要
完整摘要达到当日时间预算，以下保留已完成的模型简要摘要。
截至8月21日当周，Moderna股价上涨超过140%，创历史最佳单周表现，并带动医疗保健板块走高；相关行情中，XLV上涨1.29%，Merck上涨2.39%，Moderna上涨8.86%为文章列示的单日变动。报道将上涨归因于公司公布的癌症疫苗试验积极结果，但正文仅提供这一概括，未披露试验阶段、样本规模、终点或监管时间表。文章来自Barron's，篇幅仅约1分钟，适合视为板块异动背景而非完整临床证据。
英文原文
Thank Moderna for the Healthcare Sector’s Standout Week
Thank Moderna for the Healthcare Sector’s Standout Week
Thank Moderna for the Healthcare Sector’s Standout Week · Barrons.com · Marketwatch
Barrons.com
Sat, August 22, 2026 at 3:57 AM GMT+9 1 min read
- MRNA
+8.86%
- XLV
+1.29%
- MRK
+2.39%
It's been a good week for healthcare, with one stock's dramatic gains driving the sector higher. Moderna stock saw its best weekly performance ever, rising over 140%. The stock surged after the pharmaceutical giant announced promising results out of trials for its cancer vaccine.
Continue Reading
新云服务商融资扩张风险上升
重要性4/5 中高
发布时间接近日报，直接涉及输入标的NBIS及相关CRWV，融资、资本开支和债务数字对AI云主题具有较高信息量；主要风险判断来自BCA观点的二手转述，需求兑现仍有不确定性。
中文简要摘要
完整摘要达到当日时间预算，以下保留已完成的模型简要摘要。
文章发表于美东时间 08/21 13:50（UTC+8 08/22 01:50），转述BCA Research对新型云服务商的担忧：借贷建设GPU和数据中心，可能在需求降温或服务同质化时压低股东回报。CoreWeave（CRWV）第二季度收入25.8亿美元、同比翻倍以上，却净亏损6.26亿美元、利息支出6.40亿美元，季度资本开支94亿美元，全年指引350亿—390亿美元，未来债务本金支付356亿美元。Nebius（NBIS）第二季度收入5.823亿美元、同比增454%，调整后EBITDA为2.362亿美元，但季度资本开支约57亿美元，并于08/19定价50亿美元可转债，叠加3月约43.4亿美元发行。反方事实包括CRWV收入积压1,042亿美元、NBIS客户承诺超400亿美元和2026年预收款超90亿美元。BCA的相对配置观点属于机构判断，数据由二手报道转述，客户承诺与利润兑现仍需跟踪。
英文原文
BCA Research Sees a Dangerous Risk in CoreWeave (CRWV) and Nebius (NBIS)
BCA Research Sees a Dangerous Risk in CoreWeave (CRWV) and Nebius (NBIS)
Habib Ur Rehman
Sat, August 22, 2026 at 2:50 AM GMT+9 3 min read
- CRWV
-2.13%
- NBIS
-0.45%
BCA Research has a warning for investors chasing the AI cloud boom. In a recent note, strategist Noah Weisberger argued that neocloud companies risk destroying capital because they are using borrowed money to build what could ultimately become a low-margin, commoditized computing service. CoreWeave, Inc. (NASDAQ: CRWV ) and Nebius Group N.V. (NASDAQ: NBIS ) sit near the center of that argument.
CoreWeave's Growth Comes With a Heavy Price
The concern is easiest to see at CoreWeave, Inc. (NASDAQ:CRWV). Second-quarter revenue more than doubled to $2.58 billion, but the company still posted a $626 million net loss and $640 million of net interest expense. CoreWeave also spent $9.4 billion on capital expenditures during the quarter and raised its full-year capex forecast to $35 billion-$39 billion. Its June-quarter filing showed $35.6 billion of future principal payments on debt. BCA's point is that rapid revenue growth may not create attractive shareholder returns if the cost of buying GPUs, building data centers and financing them absorbs too much of the economics.
BCA Research Sees a Dangerous Risk in CoreWeave (CRWV) and Nebius (NBIS) For illustration purposes only. Photo by Brett Sayles on Pexels
Nebius Makes the Bear Case Harder
Nebius is growing even faster. Nebius Group N.V. (NASDAQ:NBIS) reported $582.3 million of Q2 revenue, up 454% year over year, while adjusted EBITDA reached $236.2 million. Yet capex was about $5.7 billion in the quarter. On August 19, Nebius priced an upsized $5.0 billion convertible-note offering after already closing roughly $4.34 billion of convertibles in March. That financing gives Nebius more room to expand, but it also shows how much capital the model requires before revenue can catch up.
There is a strong counterargument. Demand is not hypothetical. CoreWeave ended Q2 with $104.2 billion of revenue backlog, while Nebius said it had more than $40 billion of customer commitments and expects more than $9 billion of customer prepayments in 2026. Nebius's AI cloud business also produced a 49.7% adjusted EBITDA margin in Q2. If utilization stays high and customer contracts remain durable, BCA may be underestimating how quickly fixed infrastructure costs can be absorbed.
Hedge Funds Are Still Betting on Both Neoclouds
Insider Monkey's Q2 2026 data shows hedge funds remained heavily involved in both trades. As of Q2, 70 hedge funds held CRWV, up from 64 from the previous quarter. Alyeska Investment Group and Value Aligned Research Advisors increased their CRWV stakes by 56% and 32%, respectively. Nebius saw serious growth in the number of hedge funds that held it in Q2, going to 85 from 61.
Story Continues
BCA Would Rather Own Big Tech
BCA nevertheless recommends an 80% long position in Microsoft, Alphabet, Meta and Amazon against a 20% short basket of six neoclouds, including CoreWeave and Nebius. The bet is that hyperscalers will earn higher returns on AI capex while neoclouds shoulder more financing and residual-value risk.
While we acknowledge the potential of NBIS and CRWV as investments, we believe certain other AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock .
Disclosure: None. Follow Insider Monkey on Google News .
Marvell谷歌协议的稀释代价
重要性4/5 中高
08/21的市场反应与协议条款均较新，事件直接涉及MRVL并可用于观察定制AI芯片竞争及SOXX内部扩散；文章对稀释影响的解读仍属于单一来源分析。
中文简要摘要
完整摘要达到当日时间预算，以下保留已完成的模型简要摘要。
Marvell股价在08/21早盘下跌约6%，市场从谷歌合作带来的收入预期转向股权稀释。Marvell于08/19披露，授予Google最多5897.09万股认股权证，执行价206.58美元，按执行价计算约121.8亿美元；首年约140万股归属，后续批次与每累计5亿美元芯片采购挂钩，部分业绩条件延伸至FY2033。公司Q1 FY2027营收24.18亿美元，同比增长27.6%，数据中心收入18.3亿美元、占比76%，Q2指引27亿美元。MRVL远期市盈率约58倍，Broadcom约20倍；SOXX仅跌约0.8%，显示当日反应主要集中在个股稀释条款。
英文原文
Marvell Sinks 6% as Google Warrant Dilution Overtakes the Deal Rally; Broadcom Ticks Up
Marvell Sinks 6% as Google Warrant Dilution Overtakes the Deal Rally; Broadcom Ticks Up
David Moadel
Sat, August 22, 2026 at 1:06 AM GMT+9 5 min read
- MRVL
-5.57%
- AVGO
+1.21%
- GOOG
+1.05%
- NVDA
-0.98%
- SOXX
-0.44%
Quick Read
- Marvell drops 6% while Broadcom rises 1%, as Marvell's 58x forward P/E leaves far more room to reprice warrant dilution than Broadcom's 20x.
- The SOXX ETF's 0.8% dip confirms Marvell's selloff is a single-name dilution debate, not a broad rotation out of AI semiconductors.
- Google's warrant covers 59 million Marvell shares at $206.58, which is below today's price, meaning dilution grows in direct proportion to the deal's success.
- Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Google didn't make the cut. Grab the names FREE today .
The market spent Thursday pricing the revenue in Marvell's new deal with Alphabet 's ( NASDAQ:GOOGL ) Google. Friday is about the dilution that pays for it, and the tape is telling two very different stories across custom AI silicon.
Shutterstock Marvell Technology ( NASDAQ:MRVL ) stock is down 6% to $235.20 in Friday morning trading, giving back part of a 196% year-to-date advance through Thursday's close. Meanwhile, Broadcom ( NASDAQ:AVGO ) stock is up 1% to $368.46, with the incumbent custom-silicon supplier on Google's TPU quietly firming as its challenger sells off. For context, shares of the iShares Semiconductor ETF ( NASDAQ:SOXX ) are down 0.8% to $518.43, a modest slip that isolates today's Marvell move as a single-name event. Alphabet stock was up 9% year to date through Thursday's close, a very different setup than the AI-silicon names being repriced today.
Warrant Dilution Takes Over the Deal Narrative
Marvell disclosed on August 19 that it granted Google a warrant to buy up to 58,970,907 Marvell shares at $206.58, worth roughly $12.18 billion at the strike. Approximately 1.4 million warrant shares vest during the partnership's initial year, and subsequent tranches unlock incrementally as Google commits to chip purchases in $500 million installments. Coverage extends across AI inference accelerators, storage controllers, networking and memory-interface controllers, and near-memory computing tied to the Tensor Processing Unit ecosystem, with a performance-based tranche linked to custom-product revenue through fiscal 2033.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Google didn't make the cut. Grab the names FREE today .
Here's the catch for shareholders: the $206.58 strike sits below where Marvell shares trade now. A meaningful slice of future appreciation is already promised to the customer rather than to existing holders, and the vesting schedule ties dilution directly to commercial success. The equity give-away grows precisely as the relationship works. This trade-off is what the market is repricing after buying Thursday's revenue headline at face value.
Story Continues
Underneath the deal, Marvell's fundamentals remain strong. Q1 fiscal 2027 revenue came in at $2.418 billion, up 27.6% year over year, with data center revenue of $1.83 billion representing 76% of the total. Management guided Q2 fiscal 2027 to $2.7 billion and raised fiscal 2027 and fiscal 2028 outlooks on what CEO Matt Murphy called "exceptional AI-related bookings". The Google warrant is the price of validating the custom XPU pipeline Murphy has been building.
Where Marvell and Broadcom Diverge
Broadcom is the direct custom-ASIC competitor and the incumbent on Google's TPU, so a Marvell win should read as a Broadcom loss. Yet, the tape says otherwise. Broadcom shares trade at a forward P/E ratio of 20x against Marvell at 58x, with the stock up 6% year to date while Marvell stock is up 196%. Marvell carries far more embedded expectation and far more room to give back in a dilution debate. Scale also matters: Broadcom's much larger revenue base and $1.76 trillion market cap mean one hyperscaler socket moves it less in either direction.
Wall Street's Thursday response was uniformly constructive. BMO Capital Markets initiated coverage with an Outperform rating and a $250 price target. Roth Capital raised its target to $350 from $275 with a Buy rating, UBS lifted its target to $310 from $300, and Jefferies held a Buy rating with a $325 price target. Those calls arrived before the market fully absorbed the warrant math driving today's decline.
MRVL Analyst Ratings — 24/7 Wall St.
What to Watch
The SOXX ETF's 0.8% pullback confirms that semiconductors as a group are not selling off, which makes today a single-name dilution debate rather than a sector rotation. That's why Broadcom can rise while Marvell falls in the same session, and it's also why the power, cooling, and networking suppliers behind the AI data-center buildout keep showing up in our free report on seven AI infrastructure stocks that aren't chipmakers.
Marvell stock still sits within striking distance of recent highs after a 196% year-to-date run through Thursday's close. The reaction reads as expectations management rather than a rejection of the AI thesis, which is why Broadcom's steady session matters as a cross-check.
Marvell's next quarterly report is approaching, and management commentary on custom XPU bookings and share-count guidance can reshape the tone quickly. Investors may want to size positions carefully here: the deal is strategically real, but the strike price puts a soft ceiling on upside until the market re-underwrites the share count. Traders could look for signs the dilution debate stabilizes before pressing new exposure on the way down.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Google didn't make the cut. Grab the names FREE today .
Contact editorial@247wallst.com for any questions or corrections.
霍尔木兹海峡确认事故达68起
重要性4/5 中高
发布时间最接近日报，官方页面给出68起事件和19名死亡等明确统计，并包含近期新增记录；但没有具体上市公司或市场传导数据。
中文摘要
核心结论
国际海事组织截至08/21（未给出具体时刻）的确认事件清单显示，霍尔木兹海峡及中东相关海域已记录68起涉船事故，确认海员死亡19人。近期记录仍包括船舶受损与人员伤亡，但清单本身主要确认事件状态，未给出责任主体、事故原因或对市场的直接影响。
重要性评级
评级：4/5（中高）
该页面发布时间接近日报，且提供了明确的事件数量、伤亡统计和近期新增记录，适合监测航运与能源运输风险。由于没有对应上市公司、运价、保险费或商品价格数据，信息的市场解释空间有限。
关键事实
- 页面元数据显示，发布时间为美东时间 08/20 20:00（UTC+8 08/21 08:00）；截至08/21（未给出具体时刻），确认涉船事件为68起。
- 确认海员死亡人数为19人，事件清单覆盖03/01（未给出具体时刻）至08/17（未给出具体时刻）。
- 近期记录包括08/17（未给出具体时刻）的“MINOAN DIGNITY”受损并造成一名海员死亡，08/15（未给出具体时刻）的“RIYAN STAR”受损并造成一名海员死亡。
- 08/14（未给出具体时刻）的“AL WATAN”受损；08/11（未给出具体时刻）的“VELA NOVA”受损；08/03（未给出具体时刻）的“MINOAN PIONEER”受损、一名海员失踪，污染情况未确认。
- 多数事件记录标注没有污染，但清单也包含弃船、起火、船员失踪、扣留、被扣押和沉没等不同结果。
- 较严重的历史记录包括06/09（未给出具体时刻）“SETTEBELLO”三名海员死亡，以及03/06（未给出具体时刻）“MUSSAFAH 2”四人死亡、三人重伤。
作者观点与证据
文章承担的是确认事件和伤亡的事实汇总功能，并未提出完整的冲突归因或市场判断。证据来自国际海事组织列出的船名、国际海事组织编号、日期、地点和损害描述；“68起”和“19人死亡”是页面的汇总统计。清单没有解释每起事件的责任归属、攻击方式、保险损失或后续修复状态。
与相关标的的关系
输入未提供直接相关股票代码或持仓标的。事件与油轮、集装箱航运、港口和能源供应链存在主题关联，但文章没有点名船东、承运商、港口运营商，也没有提供运费、运输量或商品价格数据，无法据此判断具体公司影响。
时效性与限制
页面发布时间为美东时间 08/20 20:00（UTC+8 08/21 08:00），统计截至08/21（未给出具体时刻）。该清单覆盖多个月份，近期事件与历史事件混合展示；部分记录仍注明污染未确认，且页面未提供完整事件调查结果。
后续跟踪
- 确认事件数量和死亡人数是否继续增加。
- 08/17（未给出具体时刻）之后是否出现新的船舶受损、弃船或污染事件。
- 相关海事机构是否公布事故责任、调查结论和航行限制。
- 航运通行量、绕航距离、保险成本及能源运输数据是否出现可验证变化。
英文原文
Middle East - Highlighted (Confirmed) incidents
Highlighted (confirmed) incidents in the Strait of Hormuz and the Middle East.
- Number of confirmed incidents as at 21 August 2026: 68
- Number of confirmed seafarer fatalities: 19
Date
Ship Name (IMO Number) Location Description
17 August MINOAN DIGNITY (IMO 9294484) Strait of Hormuz Damaged. No pollution. One seafarer fatality.
15 August RIYAN STAR (IMO 9156761) Strait of Hormuz Damaged. No pollution. One seafarer fatality.
14 August AL WATAN (IMO 9615030)
Strait of Hormuz Damaged. No pollution.
11 August VELA NOVA (IMO 9136228) 70NM south of Gwadar, Pakistan Damaged. No pollution.
3 August MINOAN PIONEER (IMO 9471630) 20NM northeast of Al Khasab, Oman Damaged. Pollution unconfirmed. One seafarer missing.
31 July GASLOG SHANGHAI (IMO 9600528) 11NM northeast of Lima, Oman Damaged. No pollution.
24 July LAVINE (IMO 8818219) Gulf of Oman Damaged. No pollution.
20 July KAIFAN (IMO 9656046) 8NM northeast of Limah, Oman Damaged. Abandoned. Two seafarers injured.
19 July ACHELOOS (IMO 1087524) 17NM east of Dibba, UAE Damaged. No pollution.
19 July KAVOMALEAS (IMO 1042823) 8NM northwest of Kumzar, Oman Damaged. No pollution. Abandoned.
16 July IDI (IMO 9307982) 19NM east of Khasab, Oman Damaged. No pollution.
15 July BELMA (IMO 9289491) IVO Bushehr Province, Persian Gulf Damaged. No pollution.
14 July AL BAHYAH (IMO 9937799) 13 NM from the coast of Oman Damaged. No pollution. One seafarer fatality. Three seafarers injured.
14 July MOMBASA B (IMO 9739501) 13 NM from the coast of Oman Damaged. No pollution. Abandoned. Eleven seafarers injured.
13 July STOLT MAGNESIUM (IMO 9739317) 40 NM from the coast of Oman Damaged. No pollution.
11 July GFS GALAXY (IMO 9401271) 9NM east of Oman Damaged. No pollution. One seafarer fatality.
7 July CYPRUS PROSPERITY(IMO 9595216) 6NM east of Musandam Peninsula, Oman Damaged. No pollution. No injuries.
6 July WEDYAN (IMO 9524970) 16NM east of Khor Fakkan, UAE Damaged. No pollution. No injuries.
6 July AL REKAYYAT (IMO 9397339) 8NM east of Limah, Oman Damaged. No Pollution
27 June KIKU (IMO 9329796) 8NM off Oman Damaged. No Pollution.
25 June EVER LOVELY (IMO 9629110) 7.5NM southeast of Dahit, Oman Damaged. No pollution. No injuries.
12 June BOCHEM MARENGO (IMO 9749025) 6NM east of Oman Damaged. No pollution. No injuries.
10 June JALVEER (IMO 9486283) 21 NM northeast of Sohar, Oman Damaged. Abandoned. No pollution
9 June SETTEBELLO (IMO 9162916) 25 NM east of Shinas, Oman Damaged. Abandoned. Three seafarer fatalities.
8 June MARIVEX (IMO 9464156) 21NM northeast of Masirah Island, Oman Damaged. No pollution. Abandoned. No injuries.
2 June LEXIE (IMO 9203277) Near Strait of Hormuz Damaged. No pollution.
1 June MSC SARISKA V (IMO 8715857) 40NM southeast of Umm Qasr, Iraq Damaged. No pollution. No injuries.
29 May LIAN STAR (IMO 9072692) Gulf of Oman Damaged. No pollution.
26 May OLYMPIC LIFE (IMO 9844277) 60NM east of Muscat, Oman Damaged. Pollution (limited bunker fuel discharge). No injuries.
10 May SAFESEA NEHA (IMO 9563392) 23NM northeast of Doha, Qatar Damaged. No pollution. No injuries.
8 May SEVDA (IMO 9172040) Gulf of Oman Damaged. No pollution. No injuries.
8 May SEA STAR III (IMO 9569205) Gulf of Oman Damaged. No pollution. No injuries.
6 May HASNA (IMO 9212917) Gulf of Oman Damaged. No pollution. No injuries.
5 May CMA CGM SAN ANTONIO (IMO 9294173) 30 NM northeast of Dibba Al-Fujairah, UAE Damaged. No pollution. Eight seafarers injured.
4 May HMM NAMU (IMO 1039292) 36NM North of Dubai, UAE Damaged. No pollution. One seafarer injured.
4 May JV INNOVATION (IMO 9276688) 15NM northwest of Ras Al-Khaimah, UAE Damaged. Pollution. No injuries.
3 May TMO BARAKAH (IMO 9902615) 78NM north of Fujairah, UAE Damaged. No pollution. Vessel abandoned. No injuries
3 May MINOAN FALCON (IMO 9605841) 11NM west of Sirik, Islamic Republic of Iran Damaged. No pollution. No injuries.
2 May VOLANS (IMO 9298856) / BADR (BARGE) 32NM northeast of Dibba Al-Fujairah, UAE Damaged (Badr - Barge). No pollution. One seafarer fatality.
22 April EUPHORIA (IMO 9235828) 8NM west of Islamic Republic of Iran Minor damage. No pollution. No injuries.
22 April MSC FRANCESCA (IMO 9401116) 15NM northeast of Oman Damaged. No pollution. No injuries. Vessel detained.
22 April EPAMINONDAS (IMO 9153862) 15NM northeast of Oman Damaged. No pollution. No injuries. Vessel detained.
19 April TOUSKA (IMO 9328900) 45 NM southeast of Chabahar, Islamic Republic of Iran Damaged. No pollution. No injuries. Vessel seized.
18 April CMA CGM EVERGLADE (IMO 9894985) 22NM North of Kumzar, Oman Damaged. No pollution. No injuries.
18 April SANMAR HERALD (IMO 9330563) 19NM North of Kumzar, Oman Damaged. No pollution. No injuries.
7 April GOLD AUTUMN (IMO 9220483) 112NM southeast of Ras Al Damaged. No pollution. No injuries.
7 April QINGDAO STAR (IMO 9318163) 25NM south of Kish Island, Islamic Republic of Iran Damaged. No pollution. No injuries.
1 April AQUA 1 (IMO 9573660) 17NM north of Ras Laffan, Qatar Damaged. No pollution. No injuries.
30 March AL SALMI (IMO 9534793) 31NM NW of Dubai, UAE Damaged. No pollution. No injuries.
28 March SUNNY 77 (IMO 8357368) Near Duqm, Oman Damaged. No pollution. No injuries.
19 March HALUL 50 (IMO 9602796) 4NM east of Ras Laffan, Qatar Damaged. No pollution. No injuries.
16 March GAS AL AHMADIAH (IMO 9849629) 23NM east of Fujairah, UAE Damaged. No pollution. No injuries.
12 March SOURCE BLESSING (IMO 9243198) 35NM north of Jebel Ali, UAE Damaged. No pollution. No injuries.
11 March ZEFYROS (IMO 9515917) Near Khor Al Zubair Port, Iraq Attack on SAFESEA VISHNU caused collateral damage (fire). No injuries.
11 March SAFESEA VISHNU (IMO 9327009) Near Khor Al Zubair Port, Iraq Impact caused fire. One seafarer fatality.
11 March STAR GWYNETH (IMO 9301031) 50NM northwest of Dubai Damage to cargo holds and forecastle. No injuries.
11 March MAYUREE NAREE (IMO 9323649) 11NM north of Oman Fire on board. Three seafarer fatalities.
11 March ONE MAJESTY (IMO 9424912) 25NM northwest of Ra’s al Khaymah, UAE Hull damage. No injuries.
7 March ARABIA III (IMO 8771332) Al Jubayl, Saudi Arabia Damanged. No pollution. One seafarer injured.
6 March MUSSAFAH 2 (IMO 9522051) 6NM north of Oman Four seafarer fatalities. Three severely injured.
5 March SONANGOL NAMIBE (IMO 9325049) 30NM southeast of Mubarak Al Kabeer, Kuwait Hull breach. No injuries.
4 March SAFEEN PRESTIGE (IMO 9593517) 2NM north of Oman Sunk. Oil slick detected. No injuries.
3 March GOLD OAK (IMO 9806342) 7NM east of Fujairah, UAE Steel plating damage. No injuries.
3 March LIBRA TRADER (IMO 9562673) 10NM east of Fujairah, UAE Minor damage. No injuries.
1 March STENA IMPERATIVE (IMO 9666077) At Berth, Port of Bahrain One shipyard worker fatality. Two shipyard workers seriously injured.
1 March HERCULES STAR (IMO 9916135) 17 NM northwest of Mina Saqr, UAE Fire on board. No injuries.
1 March MKD VYOM (IMO 9284386) 52 NM northwest of Muscat, Oman One seafarer fatality.
1 March SKYLIGHT (IMO 9330020) 5 NM North of Khasab, Oman Four seafarers injured. Two seafarer fatalities.
霍尔木兹海峡疏散计划暂停
重要性4/5 中高
发布时间接近日报，来源为国际海事组织官方更新，覆盖霍尔木兹海峡这一能源与全球航运关键通道；但缺少直接股票代码和市场传导数据。
中文摘要
核心结论
国际海事组织（IMO，联合国航运安全机构）8月更新显示，霍尔木兹海峡地区航运安全风险仍在演变，约20,000名海员、港口工人及海上作业人员受到影响。面向受困船舶和海员的疏散计划目前暂停，页面记录的行动进展集中在6月下旬完成的136艘船舶、约2,900名海员撤离。
重要性评级
评级：4/5（中高）
来源为国际海事组织官方持续更新，涉及能源运输与国际航运关键通道，且页面在日报前数日仍有事件更新。文章没有提供油价、贸易流量或具体上市公司的量化影响，因此评级低于直接市场数据或公司公告。
关键事实
- 页面标注日期为08/19（未给出具体时刻），称中东局势仍快速变化，国际海事组织正关注地区内超过20,000名相关人员的安全。
- 疏散框架原计划覆盖约6,000名海员，当前状态为暂停。
- 06/23（未给出具体时刻）至06/26（未给出具体时刻），共有136艘船舶完成撤离，估计约2,900名海员已被疏散。
- 最新列出的伤亡事件包括08/17（未给出具体时刻）“MINOAN DIGNITY”一名海员死亡，以及08/15（未给出具体时刻）“RIYAN STAR”一名海员死亡。
- 国际海事组织参与由联合国主导的霍尔木兹海峡专门工作组，并持续发布事件清单、区域联系人和航行安全指引。
- 页面提供霍尔木兹海峡平均每日东西向通行量，但数据综合多个来源，仅供一般了解，未构成完整市场流量统计。
作者观点与证据
文章的主旨是优先保护受冲突影响的海员与船舶，并维持国际航行安全。证据主要来自国际海事组织的疏散记录、事故清单、官方声明和航行指引；20,000名受影响人员、6,000名计划疏散对象及136艘撤离船舶属于页面披露的事实。页面没有对事故责任、冲突原因或市场价格传导作出结论。
与相关标的的关系
输入未提供直接相关股票代码或持仓标的。信息与能源运输、油轮、集装箱航运和全球贸易通道有关，可作为跨资产风险背景；文章没有给出任何具体公司、船东、运价或能源价格影响。
时效性与限制
文章元数据显示，发布时间为美东时间 08/18 20:00（UTC+8 08/19 08:00）。页面包含持续更新的事件链接，但平均通行量数据明确仅供一般参考，且缺少完整的实时航运流量、保险成本和商品价格数据。
后续跟踪
- 疏散计划是否恢复，以及新增撤离船舶和海员数量。
- 08/17（未给出具体时刻）之后霍尔木兹海峡及阿曼湾是否出现新的确认事故。
- 国际海事组织、联合国工作组和区域海事机构是否发布新的航行安全措施。
- 船舶通行量、绕航情况、运价和能源运输中断数据是否出现同步变化。
英文原文
Middle East
Information related to shipping and seafarers - Strait of Hormuz and the Middle East.
The ongoing instability in the Middle East creates a rapidly evolving situation for global shipping. IMO is closely monitoring developments to protect more than 20,000 seafarers in the region, including those stranded on vessels unable to exit the Strait of Hormuz.
IMO has prepared an evacuation plan, in accordance with the direction of the IMO Council and in coordination with Member States and industry, to safely evacuate around 6,000 seafarers from the region. The evacuation plan is currently paused .
IMO is also participating in a UN-led dedicated Task Force on the Strait of Hormuz.
This page provides data updates, official statements, regional contacts, incident list and guidance from IMO and partner organizations. Media queries should be sent to
media@imo.org
Latest news
- Updated list of incidents (updated 21 August)
- IMO Council reaffirms commitment to protecting vital shipping lanes (13 July)
- IMO Secretary-General condemns new attacks on ships in the Strait of Hormuz (8 July)
- Operational FAQs – IMO Strait of Hormuz Evacuation Plan (paused)
- Safety of straits used for international navigation - FAQs
Strait of Hormuz transits data
Average daily transits (east and west bound) through the Strait of Hormuz.
Data is an average based on several available sources and is provided for general awareness only.
For previous graphics (month by month) please
click here .
###
19 August 2026
IMO safe evacuation framework
The IMO Council ( C.ES.2, 18-19 March ) called for the establishment of a safe maritime framework, as a provisional and urgent measure, to facilitate the safe evacuation of merchant ships currently confined within the Gulf region. In line with the Council request, IMO began implementing a plan to evacuate ships and seafarers that had been stranded in the Gulf due to the conflict.
The evacuation framework is a voluntary mechanism that maintains the rights and freedoms of navigation embodied in the United Nations Convention on the Law of the Sea (UNCLOS) and customary international law. It is applicable to all vessels which are subject to the International Convention for the Safety of Life at Sea (SOLAS) that are currently confined in the Persian Gulf and wish to depart. IMO has worked closely with relevant states and industry partners to develop a list of affected vessels.
Daily evacuation reports (outbound transits) are published below. This evacuation plan is currently paused .
More details here: Operational FAQs – IMO Strait of Hormuz Evacuation Plan
DATE
TOTAL VESSELS EVACUATED
23 June 2026 14
24 June 2026 41
25 June 2026 51
26 June 2026 30
TOTAL 136
ESTIMATED TOTAL SEAFARERS EVACUATED TO DATE
TOTAL 2,900
Seafarers
IMO is deeply concerned about the wellbeing and safety of seafarers affected by the ongoing situation in the Strait of Hormuz. Around 20,000 seafarers, as well as port workers and offshore crews, are impacted in the region. While the disruption to global trade is significant, IMO’s primary concern remains the humanitarian and safety implications for seafarers on board ships operating in the area.
Suppor t for seafarers and stranded ships
- Resources and helplines: Supporting Seafarers
- Seafarers Happiness Index - Quarter 1 2026
- Guidance on training and certification of seafarers affected by the situation in the Arabian Sea, the Sea of Oman and the Gulf Region, particularly in and around the Strait of Hormuz - MSC.1/Circ.1698 (6 July 2026)
Testimonies
Watch testimonies from seafarers affected by conflicts here .
Regional Contact Points
Bahrain Capt. Adel Najat
Email: adel.najat@mtt.gov.bh
Tel: +97317337988
Iran (Islamic Republic of) Contact the Vessel Traffic Service centre of the nearest Iranian port via VHF Ch 16.
See NV 2181/2898106
Iraq IRAQ SAR Center contact details
Address: Al Faw Grand Port, Basra, Iraq.
Longitude and latitude Location: 29° 50.710’ North – 048° 30.211’ East.
Email: SAR@jak.net
VHF Emergency Response Channel: International Channel 16.
Local Emergency Phone Number: (525).
International Emergency Phone Number: +9647864777823
Responsible Contact Person: SAR Manager, Mr. Matthew Evans
Kuwait Cdr. Abdulaziz Haidar
Email: abdulazizhaidar@moi.gov.kw
Department Email: naval.agencies@moi.gov.kw
Oman Mohammed Abdullah Al Rawahi
Director General of Maritime Affairs
Ministry of Transport, Communications and Information Technology
Sultanate of Oman
Email: Mohammed.Al-Rawahi@mtcit.gov.om
Mobile: 00968 99569795
Nooh Salim Al Subhi
Director of Navigation and Maritime Safety
Ministry of Transport, Communications and Information Technology
Sultanate of Oman
Email: Nooh.alsubhi@mtcit.gov.om
Mobile: 00968 95080158
Qatar Email: followupteammaritime@mot.gov.qa
Tel: +974 40451574
Saudi Arabia Flag State Matters:
Email: stcw.seafarers@tga.gov.sa
Port State Matters:
Mr. Abdullah Alruzayq
Mobile: +966 55 707 7773
Email: A.alruzyq@mawani.gov.sa
Download CL 5159 (Kingdom of Saudi Arabia) , including Ship Provisioning Service Providers - East Coast Ports list with contacts
United Arab Emirates Captain Abdulla Darwish Al Hayyas
Tel: +971 4 5274640
Email: abdulla.alhayyas@moei.gov.ae and
shipping@moei.gov.ae
See also IMO GISIS: Contact Points
Highlighted incidents
Please find below a list of highlighted incidents that include deaths/injuries.
Full list of highlighted (confirmed) incidents
here .
- MINOAN DIGNITY (IMO 9294484) - 17 August - One seafarer fatality.
- RIYAN STAR (IMO 9156761) - 15 August - One seafarer fatality.
- MINOAN PIONEER (IMO 9471630) - 3 August - One seafarer missing.
- KAIFAN (IMO 9656046) - 20 July - Two seafarers injured.
- AL BAHYAH (IMO 9937799) - 14 July - One seafarer fatality. Three seafarers injured.
- MOMBASA B (IMO 9739501) - 14 July - Eleven seafarers injured.
- GFS GALAXY (IMO 9401271) - 11 July - One seafarer fatality.
-
SETTEBELLO (IMO 9162916) - 9 June - Three seafarers fatalities.
-
CMA CGM SAN ANTONIO (IMO 9294173) - 5 May - Eight seafarers injured.
- HMM NAMU (IMO 1039292) - 4 May - One seafarer injured.
- VOLANS (IMO 9298856) / BADR (BARGE) - 2 May - One seafarer fatality.
- MAYUREE NAREE (IMO 9323649) - 11 March - Three seafarer fatalities.
- SAFESEA VISHNU (IMO 9327009) - 11 March - One seafarer fatality.
- ARABIA III (IMO 8771332) - 7 March - One seafarer injured.
- MUSSAFAH 2 (IMO 9522051) - 6 March - Four seafarer fatalities. Three severely injured.
- STENA IMPERATIVE (IMO 9666077) - 1 March - One shipyard worker fatality. Two shipyard workers seriously injured.
- MKD VYOM (IMO 9284386) - 1 March - One seafarer fatality.
- SKYLIGHT (IMO 9330020) - 1 March - Four seafarers injured. Two seafarer fatalities.
###
Communications from Member States
Communications received and circulated by IMO can be found on
IMODOCS under "Circular Letters" (register as a public user to access). Available in the six official languages.
IMO Secretary-General statements
-
IMO Secretary-General condemns new attacks on ships in the Strait of Hormuz (8 July)
-
IMO pauses evacuation in Strait of Hormuz following attack (25 June)
Find all IMO Secretary-General statements
here .
###
Strait of Hormuz - shipping route
The existing Traffic Separation Scheme (TSS) in the Strait of Hormuz was proposed by Iran and Oman and adopted by IMO in 1968. It designates shipping lanes for maritime traffic in order to reduce collisions and improve safety.
Traffic Separation Scheme in the Strait of Hormuz, IMO Ships’ Routeing publication
- Read more on ships routeing
- Read more on Safety of straits used for international navigation - FAQs
###
Resources and links
Non-exhaustive resources and links
###
Updates from UN Security Council
-
United Nations Security Council
Impact on shipping and trade
- Strait of Hormuz Disruptions: Beyond reopening: Lasting impacts on vulnerable economies (UNCTAD) (30 June 2026)
- The Strait of Hormuz trade shock. Importers diversify, but cannot fully offset losses (International Trade Centre) (26 July 2026)
- In Focus: FAO response to global food security challenges - Middle East Conflict in 2026 (FAO)
- International Energy Agency (IEA) - The Middle East and Global Energy Markets
###
Warnings and advisories
-
Notice to Mariners issued by Oman (NAVAREA IX)
-
United Kingdom Maritime Trade Operations (UKMTO) - Latest incidents
-
United Kingdom Maritime Trade Operations (UKMTO) - Advisories
-
Joint Maritime Information Center (JMIC) - Advisories
-
NAVAREA IX Warnings
-
INTERCARGO - Advice for Members regarding situation in Strait of Hormuz and Middle East
-
Maritime Security Center Indian Ocean (MSCIO) advisories
- Guidance on training and certification of seafarers affected by the situation in the Arabian Sea, the Sea of Oman and the Gulf Region, particularly in and around the Strait of Hormuz - MSC.1/Circ.1698 (6 July 2026)
-
Download Best Management Practices (BMP) Maritime Security (2025)
###
Industry guidance and statements
-
BIMCO
-
INTERTANKO
-
International Chamber of Shipping (ICS)
-
International Transport Workers’ Federation (ITF)
-
World Shipping Council (WSC)
Please find
relevant news related to the Strait of Hormuz and the Middle East here .
比特币冲上七万九千美元
重要性3/5 中
发布时间接近日报且涉及比特币、ETF资金流和监管线索；但原文篇幅极短，缺少数据来源、CRCL具体传导和CFTC细节。
中文简要摘要
完整摘要达到当日时间预算，以下保留已完成的模型简要摘要。
文章于美东时间 08/21 16:51（UTC+8 08/22 04:51）发布，标题称比特币升破79,000美元，空头挤压与ETF资金流增强，财政部回购国债消息后加密股走强，并提到CFTC正在研究加密规则。元数据关联CRCL及多只加密资产标的，但原文正文仅保留一句摘要，未给出ETF流量、清算规模、规则内容或CRCL具体影响，证据密度有限。
英文原文
Bitcoin Rally Tops $79,000. Crypto Shorts, ETF Flows Soar. CFTC Explores Crypto Rules.
Bitcoin Rally Tops $79,000. Crypto Shorts, ETF Flows Soar. CFTC Explores Crypto Rules.
Bitcoin Rally Tops $79,000. Crypto Shorts, ETF Flows Soar. CFTC Explores Crypto Rules. · Investor's Business Daily
HARRISON MILLER
Sat, August 22, 2026 at 5:51 AM GMT+9 6 min read
- BTC-USD
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+0.04%
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+3.66%
- CRCL
+5.16%
- BLSH
+6.93%
Bitcoin price continues to soar as short squeeze, ETF flows intensify after Treasury bond buyback news. Crypto stocks spike.
Continue Reading
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事实参考
以下为事实表、数据对照、账户细项与来源口径，默认折叠；需要核对数据时展开。
美股 / ETF / 公开文章事实
美股 / ETF / 公开行情
| 标的 | IBKR 当前价 | 较前交易日 | 盘后/收盘后 | 上一交易日收盘 | 今日常规收盘 |
|---|---|---|---|---|---|
MSFT | 483.60 | +0.51% | +0.07% | 481.15 | 483.24 |
NVDA | 215.38 | -0.68% | +0.31% | 216.85 | 214.72 |
MRVL | 236.10 | -5.94% | -0.39% | 251.01 | 237.04 |
GFS | 48.17 | +1.77% | +0.25% | 47.33 | 48.05 |
APLD | 27.25 | -4.90% | +0.13% | 28.65 | 27.21 |
USAR | 19.26 | +12.57% | +0.00% | 17.11 | 19.26 |
SOXX | 519.52 | -0.54% | -0.10% | 522.35 | 520.05 |
SOXL | 119.85 | -1.93% | -0.62% | 122.21 | 120.60 |
FTXL | 225.50 | -1.18% | -0.30% | 228.20 | 226.17 |
PSI | 138.91 | -0.05% | +0.00% | 138.98 | 138.91 |
DRAM | 57.65 | +0.12% | -0.05% | 57.58 | 57.68 |
KMEM | 19.04 | +0.32% | +0.00% | 18.98 | 19.04 |
VRT | 261.95 | -1.01% | +0.00% | 264.63 | 261.95 |
COHR | 289.52 | -0.18% | -0.00% | 290.03 | 289.52 |
CRCL | 88.55 | +5.85% | +0.65% | 83.66 | 87.98 |
SPCX | 136.75 | +2.05% | -0.16% | 134.00 | 136.97 |
GOOG | 342.15 | +1.17% | +0.12% | 338.20 | 341.75 |
NBIS | 219.00 | -0.50% | -0.06% | 220.11 | 219.13 |
PLTR | 179.94 | +3.44% | +0.00% | 173.96 | 179.94 |
XLV | 174.62 | +1.29% | -0.00% | 172.39 | 174.62 |
美股事实与文章索引
| 标的 | IBKR 当前价 | 较前交易日 | 盘后/收盘后 | 文章数 | 数据缺口 |
|---|---|---|---|---|---|
MSFT | 483.60 | +0.51% | +0.07% | 8 条 | - |
NVDA | 215.38 | -0.68% | +0.31% | 8 条 | - |
MRVL | 236.10 | -5.94% | -0.39% | 8 条 | - |
GFS | 48.17 | +1.77% | +0.25% | 8 条 | - |
APLD | 27.25 | -4.90% | +0.13% | 8 条 | - |
USAR | 19.26 | +12.57% | +0.00% | 8 条 | - |
SOXX | 519.52 | -0.54% | -0.10% | 8 条 | - |
SOXL | 119.85 | -1.93% | -0.62% | 8 条 | - |
FTXL | 225.50 | -1.18% | -0.30% | 8 条 | - |
PSI | 138.91 | -0.05% | +0.00% | 8 条 | - |
DRAM | 57.65 | +0.12% | -0.05% | 8 条 | - |
KMEM | 19.04 | +0.32% | +0.00% | 8 条 | - |
VRT | 261.95 | -1.01% | +0.00% | 8 条 | - |
COHR | 289.52 | -0.18% | -0.00% | 8 条 | - |
CRCL | 88.55 | +5.85% | +0.65% | 8 条 | - |
SPCX | 136.75 | +2.05% | -0.16% | 8 条 | - |
GOOG | 342.15 | +1.17% | +0.12% | 8 条 | - |
NBIS | 219.00 | -0.50% | -0.06% | 8 条 | - |
PLTR | 179.94 | +3.44% | +0.00% | 8 条 | - |
XLV | 174.62 | +1.29% | -0.00% | 8 条 | - |
美股事实摘要
- 报价事实：上涨 10 / 下跌 10 / 震荡 0；广度 50.00%；平均较前交易日 +0.61%。
- 公开新闻/财报讨论覆盖：20 / 20 个标的；新闻条目 160 条。
公开数据对照
| 标的 | IBKR 当前价 | K线收盘 | K线来源 | 差异 | 5D | 20D | K线行数 |
|---|---|---|---|---|---|---|---|
MSFT | 483.60 | 483.24 | Yahoo Finance chart API | +0.07% | -2.45% | +26.60% | 171 |
NVDA | 215.38 | 214.72 | Yahoo Finance chart API | +0.31% | -4.64% | +3.81% | 507 |
MRVL | 236.10 | 237.04 | Yahoo Finance chart API | -0.39% | +6.77% | +22.04% | 171 |
GFS | 48.17 | 48.05 | Yahoo Finance chart API | +0.25% | -11.96% | -10.24% | 171 |
APLD | 27.25 | 27.21 | Yahoo Finance chart API | +0.13% | -12.79% | +0.07% | 171 |
USAR | 19.26 | 19.26 | Yahoo Finance chart API | +0.00% | -3.70% | +36.11% | 171 |
SOXX | 519.52 | 520.05 | Yahoo Finance chart API | -0.10% | -5.52% | -1.32% | 292 |
SOXL | 119.85 | 120.60 | Yahoo Finance chart API | -0.62% | -16.80% | -11.85% | 171 |
FTXL | 225.50 | 226.17 | Yahoo Finance chart API | -0.30% | -5.69% | -1.39% | 292 |
PSI | 138.91 | 138.91 | Yahoo Finance chart API | -0.00% | -9.22% | -4.06% | 292 |
DRAM | 57.65 | 57.68 | Yahoo Finance chart API | -0.05% | +0.63% | +8.42% | 98 |
KMEM | 19.04 | 19.04 | Yahoo Finance chart API | +0.00% | +1.55% | +8.49% | 37 |
VRT | 261.95 | 261.95 | Yahoo Finance chart API | +0.00% | -10.85% | -9.78% | 507 |
COHR | 289.52 | 289.52 | Yahoo Finance chart API | -0.00% | -11.14% | +2.52% | 289 |
CRCL | 88.55 | 87.98 | Yahoo Finance chart API | +0.65% | +22.88% | +41.08% | 288 |
SPCX | 136.75 | 136.97 | Yahoo Finance chart API | -0.16% | -2.16% | +19.03% | 49 |
GOOG | 342.15 | 341.75 | Yahoo Finance chart API | +0.12% | -0.52% | +7.10% | 171 |
NBIS | 219.00 | 219.13 | Yahoo Finance chart API | -0.06% | -21.09% | +16.70% | 171 |
PLTR | 179.94 | 179.94 | Yahoo Finance chart API | -0.00% | +3.39% | +46.39% | 131 |
XLV | 174.62 | 174.62 | Yahoo Finance chart API | +0.00% | +4.33% | +7.41% | 289 |
期权链事实
观察标的：MSFT, NVDA, MRVL, GFS, APLD, USAR, SOXX, SOXL, FTXL, PSI, DRAM, KMEM, VRT, COHR, CRCL, SPCX, GOOG, SPY, QQQ, PLTR, NBIS, XLV
来源：Yahoo Finance 公开期权链
覆盖：21 / 22 个观察标的。
| 标的 | Yahoo ATM IV | IBKR ATM IV | 25Δ Skew(P-C) | Skew到期 | Greeks覆盖 | Put/Call Vol | Put/Call OI | Max Pain | 最大OI | 期限结构 | Vol/OI异常 | 大单数 | 新闻数 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSFT | 26.31% | N/A | N/A | N/A | N/A | 0.64 | 0.54 | 480.00 | C 550.00 (53,878) / P 350.00 (12,548) | 6D 26.31% / 27D 26.29% / 55D 27.66% / 90D 32.15% | 3 | 5 | |
NVDA | 55.29% | N/A | N/A | N/A | N/A | 0.56 | 0.75 | 215.00 | C 180.00 (106,252) / P 180.00 (66,071) | 6D 55.29% / 27D 40.77% / 55D 38.75% / 90D 40.25% | 8 | 5 | |
MRVL | 103.10% | N/A | N/A | N/A | N/A | 0.79 | 1.19 | 225.00 | C 250.00 (11,032) / P 75.00 (11,298) | 6D 103.10% / 27D 79.33% / 55D 78.01% / 90D 76.62% | 8 | 0 | 5 |
GFS | 56.40% | N/A | N/A | N/A | N/A | 0.20 | 0.92 | 55.00 | C 60.00 (4,264) / P 45.00 (4,747) | 27D 56.40% / 55D 58.98% / 146D 64.40% / 209D 66.39% | 0 | 0 | 5 |
APLD | 83.35% | N/A | N/A | N/A | N/A | 0.44 | 0.50 | 29.00 | C 60.00 (18,383) / P 25.00 (5,584) | 6D 83.35% / 27D 84.94% / 41D 91.94% / 55D 91.97% | 7 | 0 | 5 |
USAR | 88.38% | N/A | N/A | N/A | N/A | 0.29 | 0.74 | 17.50 | C 22.00 (14,229) / P 25.00 (9,143) | 6D 88.38% / 27D 86.77% / 41D 96.09% / 118D 91.67% | 6 | 0 | 5 |
SOXX | 41.60% | N/A | N/A | N/A | N/A | 2.31 | 0.81 | 535.00 | C 670.00 (12,305) / P 500.00 (6,758) | 6D 41.60% / 27D 42.05% / 55D 44.48% / 90D 46.05% | 6 | 0 | 5 |
SOXL | 117.44% | N/A | N/A | N/A | N/A | 2.37 | 2.34 | 140.00 | C 150.00 (3,828) / P 80.00 (9,871) | 6D 117.44% / 27D 118.63% / 41D 123.44% / 90D 126.70% | 3 | 5 | |
FTXL | 48.34% | N/A | N/A | N/A | N/A | 0.27 | 0.26 | 280.00 | C 280.00 (242) / P 280.00 (68) | 27D 48.34% / 118D 50.20% / 209D 50.57% | 0 | 0 | 5 |
PSI | 53.19% | N/A | N/A | N/A | N/A | 0.32 | 0.46 | 148.00 | C 170.00 (42) / P 148.00 (41) | 27D 53.19% / 90D 54.87% / 181D 50.64% | 0 | 0 | 5 |
DRAM | 65.04% | N/A | N/A | N/A | N/A | 0.64 | 0.57 | 58.00 | C 70.00 (46,931) / P 55.00 (38,379) | 6D 65.04% / 27D 64.60% / 55D 68.40% / 90D 69.78% | 2 | 0 | 5 |
VRT | 56.51% | N/A | N/A | N/A | N/A | 0.97 | 1.64 | 270.00 | C 270.00 (2,532) / P 185.00 (8,232) | 6D 56.51% / 27D 55.26% / 55D 56.89% / 90D 61.88% | 2 | 5 | |
COHR | 76.70% | N/A | N/A | N/A | N/A | 0.72 | 1.37 | 310.00 | C 350.00 (2,342) / P 240.00 (2,723) | 6D 76.70% / 27D 74.78% / 55D 78.10% / 90D 80.01% | 2 | 0 | 5 |
CRCL | 81.27% | N/A | N/A | N/A | N/A | 0.67 | 0.81 | 73.00 | C 100.00 (9,148) / P 90.00 (7,036) | 6D 81.27% / 27D 81.88% / 55D 81.04% / 90D 84.78% | 8 | 5 | |
SPCX | 57.65% | N/A | N/A | N/A | N/A | 0.75 | 1.18 | 132.00 | C 150.00 (36,540) / P 100.00 (56,740) | 6D 57.65% / 27D 57.98% / 55D 59.49% / 90D 63.19% | 8 | 5 | |
GOOG | 27.74% | N/A | N/A | N/A | N/A | 0.29 | 0.90 | 340.00 | C 365.00 (14,519) / P 330.00 (21,340) | 6D 27.74% / 27D 28.75% / 55D 30.59% / 90D 34.64% | 3 | 5 | |
SPY | 11.08% | N/A | N/A | N/A | N/A | 1.51 | 4.61 | 765.00 | C 790.00 (47,564) / P 500.00 (302,471) | 6D 11.08% / 27D 12.63% / 55D 13.44% / 90D 14.78% | 8 | 0 | |
QQQ | 17.71% | N/A | N/A | N/A | N/A | 1.16 | 1.23 | 717.00 | C 765.00 (62,519) / P 700.00 (103,841) | 6D 17.71% / 27D 19.37% / 55D 20.55% / 90D 21.64% | 8 | 0 | |
PLTR | 46.52% | N/A | N/A | N/A | N/A | 0.56 | 0.94 | 162.50 | C 135.00 (21,938) / P 120.00 (18,697) | 6D 46.52% / 27D 46.80% / 55D 48.43% / 90D 56.01% | 8 | 5 | |
NBIS | 89.25% | N/A | N/A | N/A | N/A | 0.87 | 1.34 | 215.00 | C 250.00 (7,011) / P 210.00 (9,919) | 6D 89.25% / 27D 89.77% / 55D 92.42% / 90D 97.38% | 7 | 5 | |
XLV | 22.62% | N/A | N/A | N/A | N/A | 0.46 | 1.91 | 161.00 | C 170.00 (11,733) / P 70.00 (47,532) | 6D 22.62% / 27D 23.16% / 55D 24.71% / 118D 23.87% | 1 | 0 | 5 |
最新大单 / 异常成交
大单活动只保留最近一次成功的 Yahoo 期权链快照，不是逐笔成交 tape。 当前显示：本次快照 Top 80。
| 观察时间 | 标的 | 合约 | 方向 | Strike | 到期 | Volume | OI | IV | Vol/OI | 估算权利金 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026-08-22 03:07:25.554Z | QQQ | QQQ261120P00880000 | put | 880.00 | 2026-11-20 | 1,680 | 0 | 25.82% | N/A | $28,041,720 |
| 2026-08-22 03:07:25.554Z | SPY | SPY260918C00450000 | call | 450.00 | 2026-09-18 | 702 | 238 | 93.48% | 2.95 | $22,241,817 |
| 2026-08-22 03:07:25.554Z | NVDA | NVDA260828C00220000 | call | 220.00 | 2026-08-28 | 47,082 | 25,446 | 56.13% | 1.85 | $20,833,785 |
| 2026-08-22 03:07:25.554Z | SPCX | SPCX260918P00230000 | put | 230.00 | 2026-09-18 | 2,200 | 4,050 | 108.74% | 0.54 | $20,454,500 |
| 2026-08-22 03:07:25.554Z | QQQ | QQQ261016P00700000 | put | 700.00 | 2026-10-16 | 12,027 | 15,794 | 20.27% | 0.76 | $19,495,767 |
| 2026-08-22 03:07:25.554Z | SPCX | SPCX260918P00200000 | put | 200.00 | 2026-09-18 | 2,437 | 12,024 | 66.50% | 0.20 | $15,414,025 |
| 2026-08-22 03:07:25.554Z | SPY | SPY260918P00802000 | put | 802.00 | 2026-09-18 | 4,000 | 7,500 | 14.55% | 0.53 | $14,596,000 |
| 2026-08-22 03:07:25.554Z | PLTR | PLTR260828C00180000 | call | 180.00 | 2026-08-28 | 31,612 | 9,120 | 47.07% | 3.47 | $14,541,520 |
| 2026-08-22 03:07:25.554Z | QQQ | QQQ261016C00360000 | call | 360.00 | 2026-10-16 | 400 | 400 | 86.40% | 1.00 | $14,192,200 |
| 2026-08-22 03:07:25.554Z | QQQ | QQQ261120P00710000 | put | 710.00 | 2026-11-20 | 5,367 | 1,812 | 19.95% | 2.96 | $14,184,981 |
| 2026-08-22 03:07:25.554Z | SPCX | SPCX260828P00200000 | put | 200.00 | 2026-08-28 | 2,200 | 194 | 113.67% | 11.34 | $13,882,000 |
| 2026-08-22 03:07:25.554Z | SPY | SPY260828C00760000 | call | 760.00 | 2026-08-28 | 16,082 | 2,797 | 12.80% | 5.75 | $13,814,438 |
| 2026-08-22 03:07:25.554Z | QQQ | QQQ260918C00680000 | call | 680.00 | 2026-09-18 | 3,295 | 12,783 | 28.12% | 0.26 | $13,573,753 |
| 2026-08-22 03:07:25.554Z | SPY | SPY260828C00500000 | call | 500.00 | 2026-08-28 | 501 | 129 | 115.23% | 3.88 | $13,318,334 |
| 2026-08-22 03:07:25.554Z | SPCX | SPCX260918C00115000 | call | 115.00 | 2026-09-18 | 5,510 | 16,839 | 63.18% | 0.33 | $13,113,800 |
| 2026-08-22 03:07:25.554Z | QQQ | QQQ261120P00820000 | put | 820.00 | 2026-11-20 | 1,210 | 0 | 18.89% | N/A | $12,939,740 |
| 2026-08-22 03:07:25.554Z | NVDA | NVDA260918C00210000 | call | 210.00 | 2026-09-18 | 10,267 | 60,188 | 42.04% | 0.17 | $12,628,410 |
| 2026-08-22 03:07:25.554Z | QQQ | QQQ261120C00730000 | call | 730.00 | 2026-11-20 | 5,059 | 3,706 | 22.64% | 1.37 | $12,538,732 |
| 2026-08-22 03:07:25.554Z | NVDA | NVDA260828C00215000 | call | 215.00 | 2026-08-28 | 18,658 | 14,499 | 56.15% | 1.29 | $12,174,345 |
| 2026-08-22 03:07:25.554Z | NVDA | NVDA260918C00220000 | call | 220.00 | 2026-09-18 | 16,437 | 47,348 | 41.10% | 0.35 | $12,122,288 |
| 2026-08-22 03:07:25.554Z | QQQ | QQQ261016P00705000 | put | 705.00 | 2026-10-16 | 6,760 | 2,864 | 19.83% | 2.36 | $12,103,780 |
| 2026-08-22 03:07:25.554Z | NVDA | NVDA260918C00215000 | call | 215.00 | 2026-09-18 | 12,291 | 27,783 | 41.68% | 0.44 | $11,860,815 |
| 2026-08-22 03:07:25.554Z | QQQ | QQQ260828C00715000 | call | 715.00 | 2026-08-28 | 18,400 | 2,181 | 17.57% | 8.44 | $11,297,600 |
| 2026-08-22 03:07:25.554Z | SPCX | SPCX260918C00135000 | call | 135.00 | 2026-09-18 | 11,139 | 6,110 | 58.83% | 1.82 | $10,971,915 |
| 2026-08-22 03:07:25.554Z | SPY | SPY260918P00730000 | put | 730.00 | 2026-09-18 | 39,990 | 51,234 | 16.77% | 0.78 | $10,937,265 |
| 2026-08-22 03:07:25.554Z | SPCX | SPCX260918C00130000 | call | 130.00 | 2026-09-18 | 7,914 | 15,706 | 58.34% | 0.50 | $9,912,285 |
| 2026-08-22 03:07:25.554Z | PLTR | PLTR261120P00330000 | put | 330.00 | 2026-11-20 | 536 | 325 | 184.57% | 1.65 | $9,783,340 |
| 2026-08-22 03:07:25.554Z | QQQ | QQQ261016P00690000 | put | 690.00 | 2026-10-16 | 7,305 | 4,527 | 21.19% | 1.61 | $9,704,693 |
| 2026-08-22 03:07:25.554Z | SPCX | SPCX261016C00135000 | call | 135.00 | 2026-10-16 | 6,275 | 4,040 | 61.16% | 1.55 | $8,769,313 |
| 2026-08-22 03:07:25.554Z | QQQ | QQQ260918C00730000 | call | 730.00 | 2026-09-18 | 10,542 | 22,580 | 18.72% | 0.47 | $8,465,226 |
| 2026-08-22 03:07:25.554Z | SOXL | SOXL260828P00140000 | put | 140.00 | 2026-08-28 | 3,860 | 4,383 | 121.09% | 0.88 | $8,347,250 |
| 2026-08-22 03:07:25.554Z | SPCX | SPCX260828C00140000 | call | 140.00 | 2026-08-28 | 24,981 | 7,550 | 58.89% | 3.31 | $7,869,015 |
| 2026-08-22 03:07:25.554Z | NVDA | NVDA261016C00220000 | call | 220.00 | 2026-10-16 | 6,974 | 89,299 | 39.86% | 0.08 | $7,636,530 |
| 2026-08-22 03:07:25.554Z | QQQ | QQQ260918P00700000 | put | 700.00 | 2026-09-18 | 7,855 | 103,841 | 19.82% | 0.08 | $7,552,583 |
| 2026-08-22 03:07:25.554Z | SPCX | SPCX260918P00210000 | put | 210.00 | 2026-09-18 | 1,001 | 1,725 | 60.16% | 0.58 | $7,314,807 |
| 2026-08-22 03:07:25.554Z | SPCX | SPCX261016C00130000 | call | 130.00 | 2026-10-16 | 4,248 | 11,034 | 61.34% | 0.38 | $7,030,440 |
| 2026-08-22 03:07:25.554Z | NVDA | NVDA260828C00227500 | call | 227.50 | 2026-08-28 | 30,472 | 9,318 | 56.32% | 3.27 | $6,993,324 |
| 2026-08-22 03:07:25.554Z | QQQ | QQQ261120P00690000 | put | 690.00 | 2026-11-20 | 3,505 | 8,084 | 21.41% | 0.43 | $6,841,760 |
| 2026-08-22 03:07:25.554Z | SPCX | SPCX260918C00105000 | call | 105.00 | 2026-09-18 | 2,040 | 3,045 | 70.46% | 0.67 | $6,711,600 |
| 2026-08-22 03:07:25.554Z | QQQ | QQQ261016C00740000 | call | 740.00 | 2026-10-16 | 5,594 | 8,579 | 19.93% | 0.65 | $6,556,168 |
| 2026-08-22 03:07:25.554Z | PLTR | PLTR260828C00182500 | call | 182.50 | 2026-08-28 | 18,422 | 1,590 | 47.14% | 11.59 | $6,447,700 |
| 2026-08-22 03:07:25.554Z | PLTR | PLTR260828C00177500 | call | 177.50 | 2026-08-28 | 10,692 | 1,860 | 47.39% | 5.75 | $6,335,010 |
| 2026-08-22 03:07:25.554Z | NVDA | NVDA260828P00215000 | put | 215.00 | 2026-08-28 | 9,570 | 10,922 | 54.42% | 0.88 | $6,316,200 |
| 2026-08-22 03:07:25.554Z | SPCX | SPCX260828C00135000 | call | 135.00 | 2026-08-28 | 11,772 | 3,123 | 57.15% | 3.77 | $6,298,020 |
| 2026-08-22 03:07:25.554Z | SPY | SPY260918P00728000 | put | 728.00 | 2026-09-18 | 24,435 | 4,012 | 17.06% | 6.09 | $6,255,360 |
| 2026-08-22 03:07:25.554Z | QQQ | QQQ260828C00710000 | call | 710.00 | 2026-08-28 | 6,896 | 2,213 | 18.38% | 3.12 | $6,213,296 |
| 2026-08-22 03:07:25.554Z | MSFT | MSFT261016C00490000 | call | 490.00 | 2026-10-16 | 3,181 | 2,622 | 29.16% | 1.21 | $5,876,898 |
| 2026-08-22 03:07:25.554Z | CRCL | CRCL261016P00100000 | put | 100.00 | 2026-10-16 | 3,061 | 373 | 81.95% | 8.21 | $5,792,942 |
| 2026-08-22 03:07:25.554Z | PLTR | PLTR260918C00175000 | call | 175.00 | 2026-09-18 | 4,789 | 7,798 | 48.62% | 0.61 | $5,782,718 |
| 2026-08-22 03:07:25.554Z | PLTR | PLTR260828C00185000 | call | 185.00 | 2026-08-28 | 21,351 | 4,162 | 46.66% | 5.13 | $5,508,558 |
| 2026-08-22 03:07:25.554Z | NBIS | NBIS261120P00210000 | put | 210.00 | 2026-11-20 | 1,542 | 2,574 | 94.05% | 0.60 | $5,462,535 |
| 2026-08-22 03:07:25.554Z | NBIS | NBIS260918C00170000 | call | 170.00 | 2026-09-18 | 1,008 | 564 | 97.95% | 1.79 | $5,445,720 |
| 2026-08-22 03:07:25.554Z | QQQ | QQQ260918C00700000 | call | 700.00 | 2026-09-18 | 2,193 | 27,155 | 22.23% | 0.08 | $5,438,640 |
| 2026-08-22 03:07:25.554Z | QQQ | QQQ260828P00715000 | put | 715.00 | 2026-08-28 | 7,119 | 2,232 | 17.24% | 3.19 | $5,378,405 |
| 2026-08-22 03:07:25.554Z | QQQ | QQQ261016P00650000 | put | 650.00 | 2026-10-16 | 8,651 | 20,116 | 25.12% | 0.43 | $5,294,412 |
| 2026-08-22 03:07:25.554Z | NVDA | NVDA260828C00225000 | call | 225.00 | 2026-08-28 | 17,895 | 32,891 | 56.35% | 0.54 | $5,180,603 |
| 2026-08-22 03:07:25.554Z | QQQ | QQQ260828C00720000 | call | 720.00 | 2026-08-28 | 12,932 | 6,440 | 16.80% | 2.01 | $4,965,888 |
| 2026-08-22 03:07:25.554Z | NVDA | NVDA260828C00217500 | call | 217.50 | 2026-08-28 | 9,116 | 4,354 | 56.12% | 2.09 | $4,922,640 |
| 2026-08-22 03:07:25.554Z | QQQ | QQQ260918C00275000 | call | 275.00 | 2026-09-18 | 112 | 49 | 145.46% | 2.29 | $4,916,464 |
| 2026-08-22 03:07:25.554Z | SPCX | SPCX261016P00130000 | put | 130.00 | 2026-10-16 | 5,335 | 19,376 | 58.24% | 0.28 | $4,774,825 |
| 2026-08-22 03:07:25.554Z | PLTR | PLTR260828C00175000 | call | 175.00 | 2026-08-28 | 6,366 | 7,463 | 48.19% | 0.85 | $4,774,500 |
| 2026-08-22 03:07:25.554Z | PLTR | PLTR260918C00185000 | call | 185.00 | 2026-09-18 | 6,533 | 7,519 | 47.49% | 0.87 | $4,671,095 |
| 2026-08-22 03:07:25.554Z | NVDA | NVDA261016C00235000 | call | 235.00 | 2026-10-16 | 7,998 | 15,974 | 39.11% | 0.50 | $4,658,835 |
| 2026-08-22 03:07:25.554Z | VRT | VRT260918P00370000 | put | 370.00 | 2026-09-18 | 426 | 0 | 50.98% | N/A | $4,607,190 |
| 2026-08-22 03:07:25.554Z | GOOG | GOOG261016C00190000 | call | 190.00 | 2026-10-16 | 300 | 20 | 83.23% | 15.00 | $4,587,750 |
| 2026-08-22 03:07:25.554Z | NVDA | NVDA260918C00235000 | call | 235.00 | 2026-09-18 | 15,259 | 32,070 | 40.77% | 0.48 | $4,577,700 |
| 2026-08-22 03:07:25.554Z | SPY | SPY260828C00729000 | call | 729.00 | 2026-08-28 | 1,228 | 75 | 31.90% | 16.37 | $4,565,090 |
| 2026-08-22 03:07:25.554Z | NVDA | NVDA260828C00210000 | call | 210.00 | 2026-08-28 | 4,947 | 8,747 | 56.03% | 0.57 | $4,551,240 |
| 2026-08-22 03:07:25.554Z | NVDA | NVDA260828C00230000 | call | 230.00 | 2026-08-28 | 25,099 | 54,479 | 56.45% | 0.46 | $4,542,919 |
| 2026-08-22 03:07:25.554Z | NBIS | NBIS260918C00175000 | call | 175.00 | 2026-09-18 | 900 | 415 | 96.86% | 2.17 | $4,500,000 |
| 2026-08-22 03:07:25.554Z | NVDA | NVDA261120C00185000 | call | 185.00 | 2026-11-20 | 1,204 | 3,266 | 49.01% | 0.37 | $4,466,840 |
| 2026-08-22 03:07:25.554Z | SPCX | SPCX260918C00110000 | call | 110.00 | 2026-09-18 | 1,561 | 5,011 | 66.36% | 0.31 | $4,409,825 |
| 2026-08-22 03:07:25.554Z | QQQ | QQQ260828C00712000 | call | 712.00 | 2026-08-28 | 5,602 | 1,831 | 18.05% | 3.06 | $4,358,356 |
| 2026-08-22 03:07:25.554Z | PLTR | PLTR260828C00190000 | call | 190.00 | 2026-08-28 | 31,582 | 4,054 | 46.75% | 7.79 | $4,200,406 |
| 2026-08-22 03:07:25.554Z | QQQ | QQQ260918C00710000 | call | 710.00 | 2026-09-18 | 2,318 | 40,857 | 20.87% | 0.06 | $4,195,580 |
| 2026-08-22 03:07:25.554Z | NVDA | NVDA260918P00220000 | put | 220.00 | 2026-09-18 | 3,422 | 16,695 | 39.48% | 0.20 | $4,183,395 |
| 2026-08-22 03:07:25.554Z | SPY | SPY260828P00765000 | put | 765.00 | 2026-08-28 | 9,758 | 6,098 | 10.91% | 1.60 | $4,142,271 |
| 2026-08-22 03:07:25.554Z | SPY | SPY260918P00765000 | put | 765.00 | 2026-09-18 | 4,152 | 23,837 | 12.14% | 0.17 | $4,106,328 |
| 2026-08-22 03:07:25.554Z | QQQ | QQQ260918C00740000 | call | 740.00 | 2026-09-18 | 8,421 | 33,855 | 18.00% | 0.25 | $4,075,764 |
| 2026-08-22 03:07:25.554Z | NVDA | NVDA260918C00225000 | call | 225.00 | 2026-09-18 | 7,357 | 43,794 | 40.79% | 0.17 | $4,064,743 |
技术指标事实
| 标的 | 类型 | Benchmark | 最新价 | Strength | 日线九转 | 1H 支撑 / 压力 | 4H 支撑 / 压力 | 1D 支撑 / 压力 | 数据限制 |
|---|---|---|---|---|---|---|---|---|---|
MSFT | 美股/ETF | SPY | 483.4900 | 8.72 | 高序列第1根 | 480.9887 (-0.52%；摆动低点/区间极值/布林下轨) / 485.4256 (+0.40%；摆动高点/布林上轨) | 483.4400 (-0.01%；摆动低点/MA10/MA5) / 489.8838 (+1.32%；MA30/摆动低点/布林上轨) | 482.1360 (-0.23%；MA5) / 491.0230 (+1.61%；MA10/摆动低点) | - |
NVDA | 美股/ETF | SPY | 215.3800 | -1.73 | 低序列第4根 | 214.4111 (-0.45%；摆动低点/区间极值/布林下轨) / 216.8120 (+0.66%；MA20/布林中轨/摆动低点) | 212.2714 (-1.44%；MA120/布林下轨/摆动低点) / 216.5021 (+0.52%；摆动低点/MA5/MA10) | 213.2275 (-0.70%；MA30/摆动高点/MA20) / 216.2000 (+0.69%；摆动低点) | - |
MRVL | 美股/ETF | SPY | 236.1000 | 13.65 | 高序列第3根 | 232.8838 (-1.36%；摆动低点/MA60) / 236.4896 (+0.17%；摆动低点/摆动高点/MA10) | 232.7300 (-1.43%；摆动高点/MA20/布林中轨) / 241.2683 (+2.19%；摆动高点/MA10/MA5) | 235.1300 (-0.81%；MA5) / 238.3728 (+0.56%；MA60) | - |
GFS | 美股/ETF | SPY | 48.1700 | -17.68 | 低序列第4根 | 47.9132 (-0.53%；MA20/布林中轨/MA10) / 48.5163 (+0.72%；摆动高点/摆动低点/布林上轨) | 48.0170 (-0.32%；MA5/MA10/摆动低点) / 48.5300 (+0.75%；摆动高点) | 48.0000 (-0.10%；摆动低点) / 49.4600 (+2.93%；MA5) | - |
APLD | 美股/ETF | SPY | 27.2450 | -13.31 | 低序列第4根 | 26.9400 (-1.12%；摆动低点) / 27.2472 (+0.01%；MA5/MA10) | 26.9350 (-1.14%；摆动低点) / 27.6100 (+1.34%；摆动低点) | 26.6400 (-2.09%；摆动低点) / 27.9700 (+2.79%；摆动低点) | - |
USAR | 美股/ETF | SPY | 19.2900 | 4.07 | 低序列第3根 | 19.2340 (-0.29%；摆动高点/MA10/MA5) / 19.4725 (+0.95%；摆动高点) | 19.1600 (-0.67%；摆动高点) / 19.4400 (+0.78%；摆动高点) | 18.7230 (-2.79%；MA10) / 19.3200 (+0.31%；摆动高点/摆动低点) | - |
SOXX | 美股/ETF | SPY | 519.5200 | -5.10 | 低序列第4根 | 514.8869 (-0.89%；摆动低点/区间极值/布林下轨) / 522.2823 (+0.53%；MA10/摆动低点/MA5) | 514.6600 (-0.94%；摆动低点) / 522.0323 (+0.48%；MA10/MA5/摆动低点) | 515.4500 (-0.88%；摆动低点) / 524.1610 (+0.79%；摆动低点/MA20/布林中轨) | - |
SOXL | 美股/ETF | SPY | 119.8600 | -20.50 | 低序列第4根 | 119.2010 (-0.55%；摆动低点/MA10) / 120.2100 (+0.29%；摆动低点/MA5) | 116.4833 (-2.82%；摆动低点) / 121.3000 (+1.20%；摆动低点/MA10/MA5) | 116.4700 (-3.42%；摆动低点) / 120.7400 (+0.12%；摆动低点) | - |
FTXL | 美股/ETF | SPY | 225.5000 | -6.13 | 低序列第4根 | - / 225.5430 (+0.02%；摆动低点/区间极值/布林下轨) | 224.2200 (-0.57%；摆动低点) / 227.8432 (+1.04%；MA5/MA10/摆动低点) | 223.6500 (-1.11%；摆动低点) / 227.8635 (+0.75%；MA20/布林中轨) | - |
PSI | 美股/ETF | SPY | 138.1200 | -8.08 | 低序列第4根 | 137.1159 (-0.73%；摆动低点/区间极值/布林下轨) / 139.0805 (+0.70%；摆动低点/MA10/MA5) | 137.9100 (-0.14%；摆动低点) / 139.2580 (+0.84%；摆动低点/MA5) | 136.6710 (-1.61%；MA120/摆动低点) / 139.2000 (+0.21%；摆动低点) | - |
DRAM | 美股/ETF | SPY | 57.6500 | 7.51 | 低序列第1根 | 57.4524 (-0.34%；MA60/摆动低点/布林下轨) / 57.9295 (+0.48%；MA20/布林中轨) | 57.3436 (-0.53%；MA10/摆动高点/MA30) / 58.0640 (+0.72%；MA5/摆动高点) | 57.1780 (-0.87%；MA5) / 58.2000 (+0.90%；摆动低点) | - |
KMEM | 美股/ETF | SPY | 18.1800 | N/A | 低序列第1根 | 17.9967 (-1.01%；摆动低点/区间极值) / 18.4195 (+1.32%；摆动低点/MA120/布林下轨) | 18.1765 (-0.02%；MA60) / 18.3500 (+0.94%；摆动低点) | 18.8100 (-1.21%；MA5) / 19.8520 (+4.26%；摆动高点/摆动低点/布林上轨) | 1D 少于 60 根K线 |
VRT | 美股/ETF | SPY | 262.0500 | -9.48 | 低序列第4根 | 256.9512 (-1.95%；摆动低点/布林下轨) / 262.7149 (+0.25%；摆动低点/MA10/MA5) | 261.9080 (-0.98%；MA5) / 264.6380 (+0.05%；MA10) | 230.9250 (-11.84%；布林下轨) / 269.0447 (+2.71%；摆动低点/MA20/布林中轨) | - |
COHR | 美股/ETF | SPY | 289.2600 | -16.84 | 低序列第4根 | 289.1927 (-0.02%；摆动低点/MA10/MA5) / 293.8403 (+1.58%；摆动高点/MA60/摆动低点) | 288.3920 (-0.21%；MA5) / 293.4820 (+1.55%；MA10/摆动高点) | 255.1400 (-11.87%；摆动低点) / 304.0601 (+5.02%；MA30/摆动低点/MA20) | - |
CRCL | 美股/ETF | SPY | 88.5500 | 24.44 | 高序列第9根已完成，延续3根 | 88.5260 (-0.03%；MA5) / 89.5000 (+1.07%；摆动高点) | 87.4980 (-1.19%；MA5) / 91.8304 (+3.70%；布林上轨) | 87.3000 (-0.77%；摆动高点) / 90.4577 (+2.82%；MA120) | - |
SPCX | 美股/ETF | SPY | 133.2900 | N/A | 低序列第4根 | 133.2055 (-0.06%；MA10/MA5) / 135.2820 (+1.49%；摆动高点/MA20/布林中轨) | 136.0435 (-0.52%；摆动低点/MA5/MA10) / 139.6730 (+2.14%；摆动低点/摆动高点/MA20) | 127.4521 (-6.95%；摆动高点/MA30/MA20) / 140.0020 (+2.21%；MA10/MA5) | 1D 少于 60 根K线 |
GOOG | 美股/ETF | SPY | 342.1500 | -2.77 | 高序列第1根 | 339.3900 (-0.81%；摆动低点/区间极值/布林下轨) / 342.7291 (+0.17%；MA5/摆动高点/MA10) | 339.1355 (-0.88%；摆动低点/布林下轨/MA10) / 342.6571 (+0.15%；MA30/摆动高点/摆动低点) | 340.6053 (-0.33%；摆动低点/MA5) / 343.7329 (+0.58%；MA10/摆动低点/MA120) | - |
PLTR | 美股/ETF | SPY | 179.8000 | 22.37 | 高序列第1根 | 179.3010 (-0.28%；摆动低点/MA10/MA5) / 182.5109 (+1.51%；摆动高点/区间极值/布林上轨) | 172.0533 (-0.98%；摆动低点) / 174.1876 (+0.25%；MA10/MA30/MA20) | 179.8900 (-0.03%；摆动高点) / 182.4400 (+1.39%；区间极值) | - |
NBIS | 美股/ETF | SPY | 219.0000 | 13.32 | 低序列第4根 | 218.5620 (-0.20%；摆动低点/MA5) / 221.7369 (+1.25%；MA10/MA30/摆动高点) | 213.7500 (-2.77%；摆动低点) / 221.1740 (+0.60%；MA5) | 213.4735 (-2.58%；MA20/布林中轨) / 226.1256 (+3.19%；MA60/摆动高点) | - |
XLV | 美股/ETF | SPY | 174.9600 | 7.39 | 高序列第4根 | 173.1396 (-1.04%；布林下轨/摆动低点/摆动高点) / 175.7628 (+0.46%；MA5/MA10/摆动高点) | 170.4033 (-1.32%；摆动高点/MA20/布林中轨) / 173.6595 (+0.57%；MA10/MA5) | 171.8940 (-1.56%；MA5) / 174.6416 (+0.01%；布林上轨) | - |
BTCUSDT | Crypto | BTCUSDT | 78,674.8000 | 0.00 | 高序列第6根 | 77,877.0250 (-1.01%；摆动低点/MA20/布林中轨) / 78,901.1031 (+0.29%；摆动高点/布林上轨) | 77,592.7400 (-1.39%；MA5) / 79,555.5000 (+1.10%；摆动高点/区间极值) | 75,573.9620 (-3.92%；布林上轨) / 79,555.5000 (+1.14%；区间极值) | 自身为基准 |
ETHUSDT | Crypto | BTCUSDT | 2,518.5600 | 13.16 | 高序列第6根 | 2,515.5660 (-0.12%；MA5) / 2,551.3060 (+1.30%；摆动高点/区间极值/布林上轨) | 2,445.7740 (-2.89%；MA5/摆动高点) / 2,549.4000 (+1.22%；区间极值) | 2,417.7374 (-4.01%；布林上轨) / 2,549.4000 (+1.22%；区间极值) | - |
SOLUSDT | Crypto | BTCUSDT | 96.3200 | 6.49 | 高序列第5根 | 95.7924 (-0.55%；布林上轨) / 96.5200 (+0.21%；区间极值) | 93.4200 (-3.06%；摆动高点) / 96.8622 (+0.51%；区间极值/布林上轨) | 91.5732 (-4.98%；布林上轨) / 96.5200 (+0.16%；区间极值) | - |
账户、公开补充与来源
IBKR 账户与保证金
| --- |--- | | 已连接 |是 | | 持仓数 |已隐藏 | | 错误数 |0 |
| --- |--- |--- |--- | | 已隐藏 |AvailableFunds |已隐藏 |USD | | 已隐藏 |BuyingPower |已隐藏 |USD | | 已隐藏 |GrossPositionValue |已隐藏 |USD | | 已隐藏 |InitMarginReq |已隐藏 |USD | | 已隐藏 |MaintMarginReq |已隐藏 |USD |
持仓上下文
- 已隐藏
- 已隐藏
- 已隐藏
数据源列表
- Binance 合约市场数据
- IBKR 行情数据
- IBKR 账户与持仓数据
- Merkl 官方奖励数据
- Yahoo Finance 公开期权链
- Yahoo Finance 历史行情
- Yahoo Finance 新闻检索
- 金十数据快讯事实雷达