Japan's Ministry of Finance said its intervention was aimed at countering recent excessive, disorderly moves in the yen, that it will not hesitate to undertake further FX intervention with the United States, and that it plans to use the Federal Reserve's FIMA repo facility going forward.

2026-08-03

Japan's Ministry of Finance said its intervention was aimed at countering recent excessive, disorderly moves in the yen, that it will not hesitate to undertake further FX intervention with the United States, and that it plans to use the Federal Reserve's FIMA repo facility going forward.

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Valueworks首席投资官查尔斯·莱蒙尼德斯表示,如果这次抛售之后芯片股出现相当强劲的反弹,不会感到惊讶,但认为它们不太可能引领牛市的下一阶段,因为它们已经风光过了。上周,亚马逊和微软重申了在未来一年内仅AI领域就投入数千亿美元的承诺,其中大部分资金将专门用于数据中心所用芯片的制造商。但问题在于此后的基本面正受到质疑。芯片股,尤其是专注于存储芯片的股票,以周期性著称,经常因需求起伏而出现繁荣与萧条交替。华尔街许多人仍坚定地认为,这一轮周期也不会例外。Valueworks的莱蒙尼德斯表示,大家所看到的盈利爆炸是不可持续的。更大的问题在于利润率能否维持,利润率与历史常态如此脱节,有理由预期会回归正常水平。问题在于何时回归,以及股市将如何应对。

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