On June 25, 2026, global financial markets showed mixed results. While semiconductor companies saw a large increase in value, major technology stocks declined and commodity prices remained unstable.

2026年6月25日，全球金融市場表現不一。儘管半導體公司的價值大幅上升，但主要科技股下跌，且商品價格維持不穩定。

The semiconductor industry grew significantly, mainly because of Micron Technology's strong third-quarter results. Micron reported earnings of $25.11 per share and revenue of $41.46 billion, which were much higher than analysts expected. Furthermore, the company signed sixteen strategic agreements worth $22 billion, changing its business model from a basic supplier to a long-term partner. Similarly, Qualcomm increased its 2029 revenue goals for non-phone products to $40 billion. Consequently, Asian markets, including South Korea's Kospi and Japan's Nikkei 225, rose sharply, and SK Hynix applied for a Nasdaq listing valued at $29.4 billion.

半導體產業大幅成長，主因是美光科技（Micron Technology）第三季業績強勁。美光報告每股盈餘25.11美元，營收達414.6億美元，遠高於分析師預期。此外，該公司簽署了16項價值220億美元的戰略協議，將商業模式從基本供應商轉型為長期合作夥伴。同樣地，高通（Qualcomm）將2029年非手機產品的營收目標提高至400億美元。因此，包括韓國綜合價格指數（Kospi）與日本日經225（Nikkei 225）在內的亞洲市場急升，且SK海力士（SK Hynix）申請在納斯達克上市，估值達294億美元。

At the same time, investors in the US shifted their money away from the 'Magnificent Seven' tech giants and toward the industrial, healthcare, and financial sectors. Apple and Microsoft raised prices for their hardware because the cost of memory and storage components increased. Additionally, the Nasdaq Composite fell due to EU investigations into cloud computing monopolies. However, the Dow Jones Industrial Average reached record highs, supported by non-AI companies like Caterpillar.

與此同時，美國投資者將資金從「豪華七雄」科技巨頭轉向工業、醫療保健及金融部門。蘋果（Apple）與微軟（Microsoft）由於記憶體與儲存元件成本增加，調高了硬體價格。此外，受歐盟對雲端運算壟斷調查影響，納斯達克綜合指數下跌。然而，在Caterpillar等非AI公司的支持下，道瓊工業平均指數創下歷史新高。

Economic data provided a complicated picture. The US Personal Consumption Expenditures (PCE) index rose 4.1% annually, the highest since 2023, although the monthly increase was slightly lower than expected. Meanwhile, Brent crude oil prices dropped as shipping through the Strait of Hormuz returned to normal. These factors suggest that the Federal Reserve may not need to raise interest rates further. Finally, the US banking sector remained strong, as 32 major banks passed stress tests, allowing them to increase dividends for shareholders.

經濟數據呈現出複雜的局面。美國個人消費支出（PCE）指數年增率達4.1%，為2023年以來最高，儘管月增幅略低於預期。同時，由於霍爾木茲海峽的航運恢復正常，布蘭特原油價格下跌。這些因素顯示聯準會可能不需要進一步調高利率。最後，美國銀行業維持強勁，32家大銀行通過壓力測試，使其能夠增加對股東的股息發放。

Current market conditions show a shift in AI investments. Profits are now concentrating on the companies that provide hardware, while software and consumer tech firms are struggling with higher costs.

目前的市場狀況顯示AI投資有所轉移。利潤目前集中在提供硬體的公司，而軟體與消費科技公司則在與更高的成本奮鬥。