公開リサーチレポート

Tesla, Inc.

TSLANASDAQ

アンダーウェイト

将TSLA持仓下调至低于基准权重1-2个百分点，在313美元附近分批减仓，保留核心仓位以应对极端超卖后的双向波动。

VanEck Semiconductor ETF

SMHNASDAQ

アンダーウェイト

将SMH持仓降至组合目标权重的75–85%，利用反弹至575–585美元区间执行减仓，以544美元为硬止损底线，等待日线MACD金叉与FCF/资本开支改善的双重确认后再重新评估。

Microsoft Corporation

MSFTNASDAQ

アンダーウェイト

Trim MSFT to Underweight: sell 25–33% into any bounce toward $397–$402; retain a core stake but do not add until FCF conversion stabilizes and the daily technical structure repairs.

Walmart Inc.

WMTNASDAQ

アンダーウェイト

Underweight WMT: trim exposure into $114.00-$117.70 rallies and retain only a defensive core pending cash-flow and trend confirmation.

Intel Corporation

INTCNASDAQ

アンダーウェイト

Underweight INTC: trim promptly toward 50%–60% of normal benchmark weight and use a failed rebound near $101.70 for further reduction.

Micron Technology, Inc.

MUNASDAQ

アンダーウェイト

Reduce MU to Underweight with a 30–40% trim; retain ~60% core stake for the AI memory franchise but protect capital with a hard stop at $880.

Alphabet Inc.

GOOGNASDAQ

アンダーウェイト

维持减持（Underweight）评级，在$315-$325区间分批卖出25-30%仓位，剩余仓位以$285为止损线，等待AI资本开支回报的可量化证据出现后再考虑回补。