寒武纪-U成交额达100亿元，现涨1.09%。 ...

近日，寒武纪股价大幅波动。指数基金的调仓情况，再受市场关注。 在市场走势剧烈波动情况下，随着相关成分股的股价变动，其样本权重也在不断变化。截至9月8日，寒 武纪占科创50指数的权重降至13.15%，中芯国际的权重为10.63%。 那么，潜在调仓资金还有多少？ 调仓资金最新情况 根据指数规则，上海证券交易所与中证指数有限公司决定调整科创50等指数样本，于9月12日收市后生 效。中证指数官网发布的上证科创板50成份指数编制方案显示，单个样本权重不超过10%，前五大样本 权重合计不超过40%。 从科创50指数最新权重来看，中证指数官网显示，截至9月8日，寒武纪权重为13.15%，中芯国际为 10.63%。随着指数调整，跟踪科创50的指数基金需要调仓，这意味着部分资金将从寒武纪流出。 | 证券代码 | 证券名称 | 中证—级行业分类 | 中证二级行业分类 | 权重(%) | | --- | --- | --- | --- | --- | | 688256 | 寒武纪 | 信息技术 | #sh | 13.15 | | 688981 | 中芯国际 | 信息技术 | 老师法 | 10.63 | | 688041 | 海光信 ...

Investment Rating - The report maintains an "Accumulate" rating with a target price of 1674.00 CNY [5][11] Core Views - The company is a leading player in the domestic AI chip market, with expectations for continued high growth driven by increasing demand from domestic CSP manufacturers and accelerated AI chip deployment [2][11] - The company reported significant year-on-year revenue growth of 4347.8% in H1 2025, achieving revenue of 2.88 billion CNY, compared to only 0.06 billion CNY in the same period of 2024 [11] - The report highlights the company's ongoing product iteration and advanced 7nm process technology, which enhances product performance across its AI core scenarios [11] Financial Summary - Revenue projections show a substantial increase from 709 million CNY in 2023 to 11.66 billion CNY by 2027, with a compound annual growth rate (CAGR) of 506.5% from 2024 to 2025 [4][12] - The net profit (attributable to the parent company) is expected to turn positive in 2025, reaching 2.11 billion CNY, up from a loss of 848 million CNY in 2023 [4][12] - The gross margin is projected to be 55.9% in H1 2025, indicating a slight decrease compared to previous periods [11] Market Data - The company's market capitalization is approximately 507.37 billion CNY, with a 52-week stock price range of 208.87 to 1587.91 CNY [6][11] - The company has a total share capital of 418 million shares, all of which are A-shares [6] Product and Technology Development - The company has developed a comprehensive product ecosystem covering cloud, edge, and terminal applications, addressing diverse AI training and inference needs [11] - The product line includes the Siyuan series of intelligent chips and boards, as well as the Xuansi series of intelligent machines, which are widely used in data centers and cloud server scenarios [11]

9月9日，A股三大指数集体调整，上证指数盘中下跌0.12%，贵金属、摩托车、工程机械等板块涨幅靠前，互联网、半导体跌幅居前。芯片科技股震荡走 低，截至10:54，芯片ETF（159995）下跌0.98%，其成分股寒武纪-U上涨2.43%，闻泰科技上涨0.35%。然而，中芯国际、通富微电等表现不佳，其涨跌幅分 别是：-8.88%、-3.43%。 每日经济新闻 博通首席执行官陈福阳透露，OpenAI预计投入100亿美元采购博通的自研AI芯片，该芯片计划于2026年量产。这一合作旨在降低OpenAI对NVIDIA GPU的依 赖。 资料显示，芯片ETF（159995）跟踪国证芯片指数，30只成分股集合A股芯片产业中材料、设备、设计、制造、封装和测试等龙头企业，其中包括中芯国 际、寒武纪、长电科技、北方华创等。其场外联接基金为，A类：008887；C类：008888。 平安证券表示，在人工智能大时代浪潮下，首先建议关注半导体晶圆制造龙头厂商；其次，随着美方对华技术封锁更加严苛，以及国产半导体设备厂商的崛 起，建议关注半导体设备核心公司；此外，随着AI算力下沉，产业创新由云到端稳步推进，同样建议关注端侧AI智能硬件相关 ...

今日A股震荡攀升，市场风格开始切换，红利类赛道有所表现。人工智能AIETF（515070）盘中横盘震 荡，盘中下跌1%左右，持仓股中复旦微电、寒武纪、均胜电子表现出色，近期资金共识性有所下降， 近五日人工智能AIETF累计净流入金额超3亿元，基金规模维持80亿元。 人工智能AIETF（515070）跟踪CS人工智能主题指数（930713），成分股选取为人工智能提供技术、 基础资源以及应用端个股，聚集人工智能产业链上中游，俗称"机器人"大脑"缔造者"，万物互联"地 基"。前十大权重股包括中际旭创、新易盛、寒武纪-U、中科曙光、科大讯飞、豪威集团、海康威视、 澜起科技、金山办公、紫光股份等国内科技龙头。 相关产品： 人工智能AIETF（515070）、创业板人工智能ETF华夏（159381）、科创人工智能ETF华夏 （589010）。 （文章来源：每日经济新闻） 消息方面，杭州将围绕人工智能全产业链，加强芯机联动、整零对接、产业协同，布局智能计算、智能 终端、智能空天、智能软件、智能网联车等新兴产业集群。打造人工智能标杆产业园及产业生态创新空 间，按规定对绩效优秀的园区给予运营经费补助。到2030年人工智能核心产 ...

芯片狂飙之际，三则公告或为"火热"降温 近期，A股市场最炙手可热的板块莫过于芯片产业，从前沿设计到精密制造，整个产业链皆呈现出蓬勃发展的态势，一派欣欣向荣。然而，就在这个周末， 三家举足轻重的行业巨头相继抛出重磅增发计划，这股由资本推升的"芯片热"或许将迎来一次冷静期的审视。 明星股寒武纪：高歌猛进下的"茅台魔咒"与天文数字市盈率 然而，1492元，这个数字背后隐藏着怎样的深意？A股市场素有"茅台魔咒"之说，意指一旦有股票价格超越贵州茅台，往往预示着股价的拐点即将到来。回 顾历史，诸如飞乐股份（曾涨至3550元）、真空电子（曾涨至2587元），以及后来的洋河股份、全通教育、暴风科技等，都曾经历过辉煌，但最终均未能摆 脱"高处不胜寒"的命运。如今，寒武纪的股价正恰好卡在这个敏感的位置，令人不得不对其后市走向多加审视。 更令人担忧的是其估值。寒武纪发布的公告显示，公司动态市盈率高达5000多倍！相较于传统行业20倍市盈率已属合理，科技股100倍市盈率已属高位， 5000多倍这个天文数字，无疑足以让任何投资者感到脊背发凉。 国家队"收割"信号？中芯国际与华虹公司增发背后的考量 除了寒武纪的风险警示，中国半导体行业的 ...

Core Viewpoint - The company provides a comprehensive range of services in the integrated circuit verification and analysis sector, specifically for clients in the chip design, manufacturing, packaging, and testing industries [1] Group 1: Services Offered - The company offers one-stop analysis and verification technology services, including process chip line modification, failure analysis, reliability verification, wafer microstructure and material analysis, engineering batch wafer cutting, packaging lead, and ball placement [1] Group 2: Client Engagement - The company has collaborated with clients such as Cambrian, which has achieved a historical high, indicating the potential success and growth of the partnership [1]

9月8日，A股震荡上行，科创芯片板块小幅回调，科创芯片50ETF（588750）盘中V型反转，截至收盘，跌0.75%。值得注意的是，科创芯片 50ETF（588750）融资余额超8000万元，创纳入两融标的以来新高！ 科创芯片50ETF（588750）标的指数多数回调，寒武纪大跌超5%，华虹公司跌近3%，中微公司涨超6%，华海清科涨超1%，澜起科技、沪硅 产业等微涨。 | 序号 | 代码 | 名称 | 申万一级行业 | 成交额 | 涨跌幅 | 估算权重 ▼ | | --- | --- | --- | --- | --- | --- | --- | | 1 | 688256 | 寒武纪-U | 电子 | 171.37亿 | -5.36% | 15.73% | | 2 | 688981 | 中本国际 | 曲子 | 0 | 0.00% | 10.14% | | 3 | 688041 | 海光信息 | 电子 | 57.81 7. | -0.03% | 9.69% | | 4 | 688008 | 澜起科技 | 电子 | 50.52亿 | 0.85% | 7.98% | | ਦ | 688012 | 中微公司 | 申子 ...

Group 1 - High-performance computing hardware stocks have seen significant declines, with companies like Zhongji Xuchuang, Xinyi Sheng, and Shenghong Technology dropping over 10% [1][5] - Analyst Ling Peng questioned the feasibility of Zhongji Xuchuang's projected profit of over 25 billion by 2027, highlighting concerns about linear extrapolation in profit forecasts [1][3] - The market's reaction to Ling Peng's comments mirrors past events, such as the "You are nobody" incident in 2021, which led to a sudden shift in market sentiment away from the semiconductor sector [5] Group 2 - A public fund manager noted that while some sectors are experiencing volatility and corrections, the overall market remains in a bullish atmosphere, indicating potential for high-risk trading strategies [6] - The manager emphasized the need for fundamental performance improvements for continued stock price increases, particularly in sectors like optical modules, which are currently valued at nearly 20 times earnings [5][6] - There are concerns about the rapid pace of earnings revisions, which could lead to increased market volatility in the future [5]

Group 1 - The semiconductor stocks in the A-share market experienced a collective decline, with significant drops in several companies [1] - Yuanjie Technology saw a decrease of over 14.62%, with a total market capitalization of 27.4 billion [2] - Dongxin Co. fell by 12.16%, reaching a market value of 38.5 billion, while Chengdu Huamei dropped by 10.05% with a market cap of 29.9 billion [2] Group 2 - Other notable declines included Cambricon Technologies down by 6.86% with a market cap of 499.3 billion, and Changguang Huaxin down by 6.16% with a market value of 12.2 billion [2] - Honghua Company and Liyang Chip both experienced declines of over 5%, with market caps of 118.4 billion and 5.244 billion respectively [2] - The overall trend indicates a challenging environment for semiconductor stocks in the A-share market, with many companies showing significant year-to-date gains despite recent declines [1][2]