1、行情 又是持续被"压制"的一天。 题材方面，黄金、白银板块随期货大涨，白银有色2连板，招金黄金、四川黄金、国城矿业、西部黄金、湖南白银涨 停，晓程科技、赤峰黄金、盛达资源、中金黄金等集体大涨； 伴随着利欧股份今日"出狱"，强势股的回落已经不存在漏网之鱼了。 利欧股份今日毫无悬念的一字跌停，截至收盘仍有百亿资金按在跌停板上。 封测板块局部走强，大港股份、通富微电、华天科技涨停，长电科技、光力科技、甬矽电子、晶方科技等集体大涨； 半导体局部发力，江化微、盈方微2连板，中国长城、龙芯中科（20CM）、至正股份、综艺股份、芯碁微装（20CM 炸）等涨停； 此外，有色、碳酸锂、PCB、CPO、化工、体育、光刻胶等均有强势表现，航天、消费、光伏等跌幅居前。 截至收盘，沪指、深成指、创业板指分别收涨0.08%、0.7%、0.54%，市场超3000股上涨，近2200股下跌，三市累计成交量达2.6万 亿。 值得一提的是，今日几个ETF继续"放量控盘"，沪深300ETF、中证1000ETF等盘中多次出现放量砸盘的情况。 2、强势股 根据同一批"好兄弟"此前的表现，结合利欧股份停牌前的天量成交，感觉怎么都得三个一字才有可能开板 ...

Market Overview - The market experienced a high and then a pullback, with the three major indices showing slight increases. The precious metals sector saw a collective surge, with stocks like Sichuan Gold and Western Gold hitting the daily limit. Semiconductor stocks strengthened, with Longxin Zhongke and Dagang Co. also reaching the limit. The computing hardware sector rebounded, with companies like Dazhu CNC and Kechuan Technology hitting the limit. Lithium mining concepts also rebounded, with Shengxin Lithium Energy and Dazhong Mining hitting the limit. Consumer stocks, however, faced declines, with Huanle Home dropping over 10%. Overall, more than 3,000 stocks in the Shanghai and Shenzhen markets rose, with a total transaction volume of 2.62 trillion yuan [1]. Hot Topics Gold Sector - The gold sector continued to rise, with stocks like Zhaojin Gold achieving three consecutive limits, and Silver Nonferrous achieving two consecutive limits. Other stocks such as Sichuan Gold and China Ruilin also hit the daily limit [4][5]. Domestic Chips - The domestic chip concept saw significant gains, with stocks like Yingfang Micro and Tongfu Microelectronics achieving two consecutive limits. CPU concept stocks such as Longxin Zhongke and China Great Wall also hit the limit, while Haiguang Information surged by 13.34%. Intel and AMD plan to raise server CPU prices by 10%-15% to address supply-demand imbalances [6][8]. Robotics Sector - The robotics sector experienced a substantial increase, with Fenglong Co. achieving 16 consecutive limits. Other stocks like Fangzheng Electric and Yifan Transmission also hit the limit. The Ministry of Industry and Information Technology is promoting innovation and upgrades in humanoid robot technology [9][10]. Key Stock Performances - Sichuan Gold: Latest price 43.76, up 10.01%, market cap 12.623 billion [5] - Zhaojin Gold: Latest price 19.33, up 10.02%, market cap 17.950 billion [5] - Yingfang Micro: Latest price 9.35, up 10.00%, market cap 7.684 billion [7] - Longxin Zhongke: Latest price 177.72, up 20.00%, market cap not specified [7] - Fenglong Co.: Latest price 82.25, up 10.00%, market cap 16.553 billion [10] Future Outlook - Analysts predict that the gold price may rise between 10%-35% in 2026 due to factors such as expected interest rate cuts by the Federal Reserve, instability of the US dollar, and geopolitical uncertainties. Historical data suggests that gold prices could increase by 7%, 23%, and 34% under different scenarios [5][6].

一、行情 1月21日，CPU概念大涨，龙芯中科、中国长城涨停，海光信息涨超15%。 三、机构解读 1）CPU是协调硬件、保障系统稳定的核心，无CPU则无法完成服务器启动、监控、故障诊断等系统级任务。此外，作为通用处理器，擅长处理序列化任 务、复杂逻辑运算，能覆盖AI全流程（数据预处理、模型训练辅助、推理、后处理），尤其适配GPU不擅长的非并行化任务。第三，多年积累的软件生态 （操作系统、数据库、开发工具）均基于CPU设计，无需额外适配；处理非GPU适配任务时，CPU成本效益更高，能平衡性能与成本。因此，随着AI的发 展，CPU的相关需求也有望持续提升，成为计算产业发展的重要趋势之一。（民生证券） 2）云厂商前期采购的通用服务器，目前已大面积进入更新周期。此外，云厂商正在其数据中心中推进架构升级，计划淘汰老旧架构的CPU将新一代服务器 CPU整合至现有机架体系，因此在数据中心领域出现了补偿性投资，驱动服务器CPU价格上涨。（西部证券） 3）IDC报告称，其在最新的全球季度服务器跟踪报告中估计，基于Arm架构的服务器将占2025年全球总出货量的1%。随着未来Vera Rubin系列机柜出货，以 及华为昇腾超节点的 ...

1月21日新股申购 (共1只) | | | 美德乐(北交所, 920119 | | --- | --- | --- | | 申购代码 | | 920119 | | 发行价格 | | 41.88元 顶格 | | 总市值 | | 23.50亿 | | 发行市盈率 | | 14.99 行业 | | 同业可比公司 | | 怡合达 同业公司 | | | | 博众精工 动态市盈率 | | | | 宏工科技 | | 主营构成 | 1、 O | 公司是国内领先的智能输送系统供应商，主要 | | | 2、 | 公司主要客户或终端客户包括先导智能、海E | | | | 能、联赢激光、博众精工、机器人、长园集团等' 亚迪、宁德时代、信质集团等新能源电池、汽车 | | 业务及亮点 | | 模块化输送系统：87.09%； | | | 工业组件： 12.91% | | | | 11.38 亿元 (2024年,+12.78%) | 近三年归母 | | --- | --- | --- | | 近三年营收 | 10.09 亿元 (2023年, -2.13%) | 净利润及业 | | | 10.31 亿元（2022年，—） | 绩预告 | | ...

先看海外要闻： 美股大跌，道指收跌1.76%、纳指收跌2.39%、标普500收跌2.06%；英伟达收跌4.38%，特斯拉跌4.17%，苹果跌3.46%，亚马逊跌3.40%，Meta跌 2.60%，谷歌A跌2.42%，微软跌1.16%。 马斯克兑现承诺，开源X推荐算法。 大家早上壕！ OpenAI与ServiceNow在商业软件领域达成AI Agent合作协议。 分析师：2030年前 OpenAI广告年收入有望达250亿美元。 报道：三星美国厂3月启动EUV试产，计划下半年量产特斯拉AI芯片。 花旗集团将闪迪目标股价从280美元上调至490美元。 Neuralink首例受试者：脑机接口已能实现OTA升级。 据央视，加拿大百年来首次模拟美国军事入侵；丹麦官员称欧盟已准备好对美国商品加征反制关税。 财政部长贝森特：美国计划对关键矿产设定价格下限和上限。 美国天然气期货日内涨超25%。 COMEX黄金期货涨3.70%，报4765.50美元/盎司，盘中一度刷新历史高位至4771.50美元。 国内重大事件汇总： 1、习近平:努力提高国民经济循环质量和效率，让内需成为经济发展的主动力。（新华社） 到2026年底，台积电WM ...

周二清晨，美国大部分地区已被严寒笼罩。EBW 分析集团称，低温天气或将导致天然气生产设施出现 冻堵停摆情况。 国内方面，信达证券表示全国多省份"十五五"规划凸显天然气作为关键战略能源的定位：全一致认可天 然气在衔接传统能源与新型能源体系中的"纽带"作用，并未设置消费天花板，突出其在调峰能力、经济 性与供应安全方面的综合优势。 政策层面，国家正推动构建"全国一张网"基础设施体系，强化跨省管道统筹与储气调峰能力，地方则加 速推进管网"县县通"与LNG接收站建设。市场应用方面，天然气将在电力调峰、交通清洁替代及与氢能 产业协同三大领域释放潜力。 公司方面，其表示随着上游气价的回落和国内天然气消费量的恢复增长，城燃业务有望实现毛差稳定和 售气量高增；同时，拥有低成本长协气源和接收站资产的贸易商或可根据市场情况自主选择扩大进口或 把握国际市场转售机遇以增厚利润空间，包括新奥股份、广汇能源等。 *免责声明：文章内容仅供参考，不构成投资建议 隔夜美国天然气期货日内暴涨27%，创下四年来单日最佳表现。 天然气主要用于供暖与发电。EBW 分析集团在周二发给客户的报告中指出："北极气团快速席卷美国东 部，加之马丁・路德・金纪念日 ...

Group 1 - TSMC is increasing its WMCM (Wafer-Level Multi-Chip Module) packaging capacity to meet the demand for Apple's A20 series chips, with a projected monthly capacity of 60,000 wafers by the end of 2026 and a potential doubling to over 120,000 wafers by 2027 [1] - The shift towards WMCM packaging will directly impact the semiconductor supply chain, with TSMC and strategic partners handling the backend wafer-level testing (CP) and final testing (FT) [1] - Apple will be adopting WMCM packaging for the first time in its iPhone processors, allowing for direct integration of different components like SoC and DRAM at the wafer level, enhancing thermal and signal integrity [1] Group 2 - The advanced packaging sector is experiencing full capacity, with expectations of price increases due to strong overseas demand and domestic market growth, particularly in 2026 when domestic advanced processes are expected to release significant capacity [2] - Companies like Chipbond Technology are gaining recognition for their advanced packaging equipment, which is being utilized by leading domestic packaging firms, with equipment prices in the million-level range [2] - Huatian Technology has mastered various advanced packaging technologies and is actively expanding its advanced packaging business scale through ongoing R&D and production efforts [2]

Group 1 - The core viewpoint of the article highlights the recent business change of Beijing Liuxing Space Technology Co., Ltd., which has added Huawei's Shenzhen Hubble Technology Investment Partnership as a shareholder, indicating a strategic investment in the field of world models and embodied intelligence [1] - Liuxing Space focuses on developing world models, which enable AI to understand and interact with the physical world, moving towards a vision-language-action model that integrates visual and action control [1] - The emergence of world models signifies a shift in AI capabilities, potentially redefining the interaction boundaries between humans and machines by constructing AI systems that may surpass human values [1] Group 2 - The article mentions other companies in the sector, including Shen Si Electronics and Sytak, indicating a competitive landscape in the AI and technology investment space [2]

Group 1: Industry Insights - International gold prices reached a historic high on the 20th, with New York Mercantile Exchange gold futures and London spot gold prices both surpassing $4,700 per ounce [1] - International silver prices also hit a historic high on the same day, with London spot silver and New York silver futures prices exceeding $95 per ounce [1] - Global geopolitical uncertainties and continuous gold purchases by central banks are expected to support the long-term price stability of gold [1] - The correlation between gold and silver prices remains high, while industrial demand for silver in sectors like photovoltaics and new energy provides solid long-term support for silver prices [1] Group 2: Company Profiles - Zhongjin Gold's core products include gold, with a product range that encompasses gold concentrate, alloy gold, and standard gold [2] - Shengtun Mining focuses on the development and utilization of energy metal resources, concentrating on copper, nickel, and cobalt, while also having gold mining projects [2]

公司方面，据证券时报表示， 1月20日，蚂蚁阿福升级其PC端，并上线DeepSearch（深度搜索）功能打造中国版"OpenEvidence"，免 费为医生、医学生及基层医疗工作者等泛医学人士提供专业服务。蚂蚁阿福PC端提供健康咨询、 DeepSearch两大专业能力，可以成为医生在文献搜索、临床诊疗、科研工作上的AI智能助手，大幅减轻 日常工作负担。 证券时报表示，蚂蚁阿福已经完成品牌升级和多轮产品迭代，成为国内现象级C端AI健康管理应用，月 活用户超3000万，日均健康问答量超1000万次，并实现了在三线及以下城市的深度渗透。蚂蚁阿福依托 蚂蚁医疗大模型，整合了健康问答、健康陪伴、健康服务三大核心功能，并与全国30万名医生、5000余 家医疗机构建立了深厚合作，支持挂号、购药、报告解读、健康数据分析等一站式服务。蚂蚁阿福在 PC端完成产品能力、平台支撑与多模态AI能力的升级，并以"DeepSearch"等深度结构化检索、智能辅助 的特性，加快对医生群体的AI赋能。 *免责声明：文章内容仅供参考，不构成投资建议 *风险提示：股市有风险，入市需谨慎 美年健康：公司与蚂蚁/达摩院在"一扫多查"、多病种智能筛查、 ...