沪港通（南向）十大活跃成交公司 | 公司名称 | 成交金额 | 净买入额 | | --- | --- | --- | | 阿里巴巴-W(09988) | 160.93 亿元 | +25.68 亿元 | | 中芯国际(00981) | 62.37 亿元 | +2.20 亿元 | | 山高控股(00412) | 47.93 亿元 | +6.32 亿元 | | 腾讯控股(00700) | 36.53 亿元 | +12.57 亿元 | | 小米集团-W(01810) | 24.12 亿元 | -4.33 亿元 | | 大众公用(01635) | 20.39 亿元 | +1009.21 万元 | | 美团-W(03690) | 19.72 亿元 | +1.77 亿元 | | 华虹半导体(01347) | 18.97 亿元 | -2622.09 万元 | | 优必选(09880) | 13.51 亿元 | -2360.66 万元 | | 中兴通讯(00763) | 11.46 亿元 | -3.54 亿元 | 智通财经APP获悉，2025年9月24日当天，阿里巴巴-W(09988)、中芯国际(00981)、山高控股(004 ...

2025 云栖大会今日在杭州举行。阿里巴巴集团董事兼首席执行官，阿里云智能集团董事长兼首席执行 官吴泳铭表示，未来可能会有超过全球人口数量的 Agent（智能体）和机器人，和人类一起工作，对真 实世界产生巨大影响。吴泳铭认为，大模型是下一代操作系统，而 AI 云是下一代计算机。也许未来全 世界只会有 5、6 个超级云计算平台。目前阿里正积极推进 3800 亿的 AI 基础设施建设，并计划追加更 大的投入。为了迎接 ASI（超级人工智能）时代的到来，对比 2022 年这个 GenAI 的元年，到 2032 年 阿里云全球数据中心的能耗规模将提升 10 倍。 【#阿里巴巴宣布与英伟达开展合作#，开展 Physical AI 合作】 据IT之家援引《科创板日报》报道，在 2025 阿里云栖大会上，阿里巴巴正式宣布与英伟达开展 Physical AI 合作。合作覆盖了 Physical AI 的实践的各个方面，包括数据的合成处理，模型的训练，环 境仿真强化学习以及模型验证测试等。 据IT之家了解，Physical AI（物理人工智能）是人工智能技术向物理世界延伸的分支领域，旨在通过融 合多模态感知、空间关系理解和物理 ...

Group 1 - Dow futures decreased by 0.01%, while S&P 500 futures increased by 0.13% and Nasdaq futures rose by 0.27% [1] - Chinese concept stocks saw a pre-market rally, with Alibaba rising by 8.98% after announcing a partnership with Nvidia for Physical AI and a significant investment plan of 380 billion yuan over three years [1] - Xiaoma Zhixing's stock increased by 3%, nearing historical highs, following a target price upgrade from Goldman Sachs from $26 to $27.7, and a partnership announcement for deploying autonomous vehicles in Singapore [1] Group 2 - Micron Technology's stock rose over 2% after reporting Q4 revenue of $11.32 billion, a 46% year-over-year increase, and an adjusted EPS of $3.03, up 156.8% [2] - Lithium Americas' stock surged by 68% amid reports that the Trump administration is seeking to acquire up to 10% of the company, highlighting government intervention in the local supply chain for critical minerals [2] - Citigroup raised Wells Fargo's target price from $85 to $90 while maintaining a "neutral" rating [2] Group 3 - UBS raised its Q3 delivery forecast for Tesla from 431,000 to 475,000 units, suggesting the potential for record quarterly deliveries [3] - Deutsche Bank indicated that increased AI spending may be supporting the overall U.S. economy, suggesting that without significant AI capital expenditures, the economy could face recession risks [3]

Group 1: Alibaba's Partnership with NVIDIA - Alibaba announced a partnership with NVIDIA to develop Physical AI, significantly upgrading its AI infrastructure with an additional capital expenditure of 380 billion yuan [4] - Following the announcement, Alibaba's stock surged by 9.16%, closing at 174.00 HKD per share, with a trading volume of 44.09 billion HKD, nearly four times that of the second-highest stock [4] - Alibaba's CEO emphasized the importance of large models in the evolution from AGI to ASI, stating that they will serve as the core interface for user and software interactions [4][6] Group 2: AI Infrastructure Investment - Alibaba plans to enhance its AI infrastructure, with a projected tenfold increase in energy consumption at its global data centers by 2032 compared to 2022 [6] - The company is expected to drive growth in its cloud business through significant investments in AI infrastructure, with forecasts for adjusted net profits of 140.5 billion yuan, 162.9 billion yuan, and 189.8 billion yuan from 2026 to 2028 [6][7] Group 3: Semiconductor Industry and SMIC - SMIC's stock rose by 5.72%, reaching a historical high of 76.75 HKD per share, driven by expectations of increased demand for AI chips in China [8] - Analysts project SMIC's revenue to reach 67.7 billion yuan, 77.9 billion yuan, and 89.6 billion yuan from 2025 to 2027, with net profits of 5.1 billion yuan, 6.2 billion yuan, and 7.4 billion yuan respectively [8] - The semiconductor capital expenditure is expected to grow by 14% in 2025, reaching 148 billion USD, with a 12% increase in the global equipment market size [9]

Core Viewpoint - The collaboration between the company and Alibaba focuses on the authorization of RISC-V architecture CPU by Alibaba's Damo Academy, with the company developing microcontroller chips to jointly advance the RISC-V ecosystem [1] Group 1 - The partnership emphasizes the development of RISC-V architecture, which is gaining traction in the semiconductor industry [1] - The company is actively involved in the research and development of microcontroller chips, indicating a commitment to innovation in this area [1] - The collaboration aims to enhance the RISC-V ecosystem, which could lead to broader adoption and application of RISC-V technology in various sectors [1]

Core Insights - Alibaba launched seven new models at the Yunqi Conference, including flagship model Qwen3-Max and next-generation foundational model architecture Qwen3-Next, showcasing significant advancements in intelligence, tool utilization, coding capabilities, deep reasoning, and multimodal functionalities [1][1][1] Company Performance - As of September 24, Alibaba's stock price increased by 9.16%, closing at 174 HKD per share, resulting in a total market capitalization of 3.32 trillion HKD [1][1][1]

Core Insights - Alibaba Group's CEO, Wu Yongming, stated that achieving Artificial General Intelligence (AGI) is a certainty, with the ultimate goal being the development of Super Artificial Intelligence (ASI) to tackle major scientific challenges like climate change and energy [2] - Alibaba is actively pursuing a three-year plan to invest 380 billion in AI infrastructure, with plans for further investments to prepare for the ASI era [14] - Under Wu's leadership, Alibaba Cloud has transformed into a leading player in China's AI sector, experiencing a significant revenue increase and a resurgence in growth [3][4] Financial Performance - In Q2 2025, Alibaba Cloud reported a revenue of 333.98 billion, marking a 26% year-on-year increase, the highest growth rate in three years [5] - The overall revenue for Alibaba Group in the same quarter was 247.6 billion, showing a slight increase of 2% year-on-year [5] - Alibaba Cloud's adjusted EBITA profits have shown consistent growth, reflecting the success of its strategic transformation [9] Strategic Transformation - Wu Yongming has redefined Alibaba Cloud's strategy to focus on "AI-driven, public cloud-first" approach, transitioning from a traditional cloud service provider to a full-stack intelligent cloud provider [7] - The full-stack AI technology is categorized into three layers: IaaS (Infrastructure as a Service), PaaS (Platform as a Service), and MaaS (Model as a Service), enhancing customer retention and revenue stability [8][9] - The company has launched new data centers and expanded its global computing power coverage, reinforcing its competitive position [8] Competitive Landscape - Alibaba Cloud faces significant challenges, including competition from ByteDance's Volcano Engine, which holds a 49.2% market share in China's public cloud for large models [17] - The reliance on self-developed AI chips poses risks, as manufacturing depends on external suppliers, which can be affected by geopolitical factors [16] - The competitive environment is intensifying, with other players like Huawei and telecom operators also vying for market share in enterprise computing [18] International Expansion - Alibaba Cloud has identified international expansion as a critical strategy, establishing a dedicated overseas division to enhance its global presence [22] - Despite being the largest cloud service provider in Asia-Pacific, Alibaba Cloud's market share in Southeast Asia remains low compared to AWS and Azure [22] - Cultural adaptation and compliance are significant challenges in international markets, as highlighted by Alibaba's mixed success in various countries [22][23]

果然财经|阿里巴巴港股大涨创新高，阿里云算力投入指数级提升 9月24日上午，港股阿里巴巴盘中涨幅超6%，股价创2021年10月以来新高。消息面上，在今日开幕的 2025云栖大会上，阿里集团董事兼首席执行官吴泳铭表示，目前阿里正积极推进3800亿的AI基础设施 建设，并计划追加更大的投入。 果然财经|阿里巴巴港股大涨创新高，阿里云算力投入指数级提升 暂无评论 大众报业·齐鲁壹点53分钟前 鲁ICP备15022957号-13 鲁公网安备 37010202002220号 鲁新网备案号201000101 电信增值业务许可证： 鲁B2-20120085 齐鲁晚报·齐鲁壹点 版权所有(C) All Rights Reserved 联系电话：0531-82625462邮箱： 1790179766@qq.com 热门评论我要评论 微信扫码 移动端评论 ...

Alibaba - Alibaba's shares surged to their highest in nearly four years in Hong Kong following the announcement of increased AI spending plans beyond the initially planned 380 billion yuan ($53 billion) over the next three years [2][3] - CEO Eddie Wu anticipates that global investment in artificial intelligence will accelerate to approximately $4 trillion over the next five years, indicating the need for Alibaba to enhance its AI infrastructure [3] Ford - Ford is offering lower interest rates to attract riskier borrowers for its F-150 pickups, aiming for a strong sales close to the quarter [4][5] - The automaker has been absorbing tariff costs on imported materials to maintain sales volume, despite the impact on profits [5] Lithium Americas - Lithium Americas' shares increased by 78% in pre-market trading after reports that the Trump administration is seeking up to a 10% equity stake in the company while renegotiating terms of a $2.3 billion Department of Energy loan for its Thacker Pass lithium project [5][6] - The Thacker Pass project, valued at approximately $3 billion, was approved by the Trump administration, and the loan was finalized under the Biden administration [6] - General Motors, which invested $625 million for a 38% stake in the mine, has the right to purchase all lithium from the project's phase 1 and part of phase 2 for 20 years, although the Trump administration is now seeking guarantees for these purchases [7]

Group 1 - Dow futures fell by 0.01%, S&P 500 futures rose by 0.13%, and Nasdaq futures increased by 0.27% [1] - Chinese concept stocks saw a pre-market rally, with Alibaba rising by 8.98% after announcing a partnership with NVIDIA for Physical AI, and a three-year investment plan of 380 billion yuan in AI infrastructure [1] - Xiaoma Zhixing increased by 3%, nearing historical highs, with Goldman Sachs maintaining a "buy" rating and raising the target price from $26 to $27.7 [1] Group 2 - Micron Technology rose over 2% after reporting Q4 revenue of $11.32 billion, a 46% year-over-year increase, and adjusted EPS of $3.03, a 156.8% increase [2] - Lithium Americas surged by 68% amid reports that the Trump administration is seeking to acquire up to 10% of the company [2] - Citigroup raised Wells Fargo's target price from $85 to $90 while maintaining a "neutral" rating [2] Group 3 - UBS raised Tesla's Q3 delivery forecast from 431,000 to 475,000 units, suggesting a potential record quarter for the company [3] - Deutsche Bank indicated that AI spending may be supporting the overall U.S. economy, warning that without significant AI capital expenditures, the U.S. could face recession [3] Group 4 - U.S. new home sales data for August is set to be released on September 24 at 22:00 Beijing time [4]