8月5日，A股三大指数盘中走势分化，人工智能、AI算力等概念震荡走弱。热门ETF中，计算机ETF （159998）截至发稿下跌0.85%，成交额超2800万元，溢折率0.05%，盘中频现溢价交易。 据证券日报，数据显示，7月份，共有657家私募证券基金管理人参与A股调研活动，合计调研次数达 1763次，覆盖28个申万一级行业中的358家上市公司。从行业分布来看，7月份，有6个行业获得私募机 构的调研次数均不低于100次。其中，计算机行业以260次的调研频次高居榜首，涉及的上市公司数量达 到36家 中信证券表示，展望2025年H2，建议把握新一轮创新落地周期。AI主线创新继续，带动产业链上下游 落地提速，景气创新方向频出，驱动行业加速成长。综合梳理两大投资方向：1）AI产业链：重点布 局"AI主线"，看好AI应用及算力板块机遇；2）景气创新：建议关注信创、金融科技创新、特种IT等结 构性创新机遇。 （本文机构观点来自持牌证券机构，不构成任何投资建议，亦不代表平台观点，请投资人独立判断和决 策。） Wind实时申购赎回信息显示，计算机ETF（159998）获实时净申购达720万份。 计算机ETF（159998）跟 ...

Group 1 - The core viewpoint of the news is the performance of the China Securities Cloud Computing 50 Index, which has shown significant growth over various time frames, indicating a strong upward trend in the cloud computing sector [1] - The China Securities Cloud Computing 50 Index increased by 0.63% to 2522.77 points, with a trading volume of 55.338 billion yuan [1] - Over the past month, the index has risen by 15.53%, by 27.33% over the last three months, and by 30.99% year-to-date [1] Group 2 - The index comprises 50 listed companies involved in providing Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS), and hardware for cloud computing [1] - The top ten weighted companies in the index are: Zhongji Xuchuang (14.25%), Xinyi Sheng (14.08%), Zhongke Shuguang (7.8%), Kingsoft Office (5.55%), Inspur Information (4.29%), Hengsheng Electronics (4.06%), Unisplendour (3.78%), Runhe Software (3.24%), Yonyou Network (2.52%), and Tuo Wei Information (2.48%) [1] - The industry composition of the index shows that Information Technology accounts for 54.03%, Communication Services for 44.14%, and Industry for 1.82% [1] Group 3 - The index samples are adjusted every six months, with adjustments implemented on the next trading day following the second Friday of June and December [2] - Weight factors are adjusted in accordance with the sample adjustments, which are fixed until the next scheduled adjustment unless a special situation arises [2] - Companies that are delisted or undergo mergers, acquisitions, or splits are handled according to the calculation and maintenance guidelines [2] Group 4 - Public funds tracking the Cloud Computing 50 Index include the Xinhua China Securities Cloud Computing 50 ETF [3]

Core Viewpoint - The company has launched a comprehensive solution for embodied intelligence training, leveraging its expertise in storage, computing power, and networking to provide high-performance ICT infrastructure for the implementation of embodied intelligence [1] Storage Solutions - In the data storage phase, the company's X10000 series distributed storage can handle large-scale storage needs for simulation and motion capture data, ensuring that foundational data is both stored securely and reliably [1] - During the training phase, the X20000 series high-performance storage features high throughput and low latency, enabling rapid read and write operations for 1 billion frames of motion data, allowing models to efficiently access quality data for learning [1] Computing Power Support - The company integrates dispersed computing resources through high-performance networking equipment and diverse heterogeneous computing servers, forming a stable and reliable computing cluster that not only provides massive computing power but also avoids resource waste through efficient scheduling [1]

Core Viewpoint - The company has launched a comprehensive solution for embodied intelligence training, leveraging its expertise in storage, computing power, and networking to provide high-performance ICT infrastructure for the implementation of embodied intelligence [1] Group 1: Data Storage - The company’s X10000 series distributed storage addresses the large-scale storage needs for simulation and motion capture data, ensuring that foundational data can be stored reliably and securely [1] - During the training phase, the X20000 series high-performance storage enables rapid read and write of 1 billion frames of motion data, allowing models to efficiently access high-quality data for learning [1] Group 2: Computing Power Support - The company integrates dispersed computing resources through high-performance networking equipment and diverse heterogeneous computing servers, forming a stable and reliable computing cluster [1] - This setup not only provides massive computing power but also optimizes resource scheduling to prevent waste [1]

Core Viewpoint - The company has launched a comprehensive solution for embodied intelligence training, leveraging its expertise in storage, computing power, and networking to provide high-performance ICT infrastructure for the implementation of embodied intelligence [1] Group 1: Storage Solutions - The company’s X10000 series distributed storage addresses the large-scale storage needs for simulation and motion capture data, ensuring that foundational data can be stored reliably and securely [1] - During the training phase, the X20000 series high-performance storage enables rapid read and write of 1 billion frames of motion data, allowing models to efficiently access high-quality data for learning [1] Group 2: Computing Power Support - The company integrates dispersed computing resources through high-performance networking equipment and diverse heterogeneous computing servers, forming a stable and reliable computing cluster [1] - This setup not only provides massive computing power but also optimizes resource allocation through efficient scheduling to prevent waste [1]

Core Viewpoint - During the 2025 World Artificial Intelligence Conference, Unisplendour Corporation's subsidiary, H3C Group, launched a comprehensive solution covering the entire process of embodied intelligence training, providing a full-link solution from data storage to computing power support [1] Group 1 - H3C Group's solution addresses the entire workflow of embodied intelligence training [1] - The solution includes components for data storage and computing power support [1]

7月31日突破年线个股乖离率排名 证券时报·数据宝统计，截至今日上午10:29，上证综指3583.25点，收于年线之上，涨跌幅为-0.90%，A 股总成交额为8429.51亿元。到目前为止，今日有12只A股价格突破了年线，其中乖离率较大的个股有珠 海中富、振江股份、紫光股份等，乖离率分别为4.59%、2.51%、1.98%；亚华电子、拱东医疗、昆仑万 维等个股乖离率较小，刚刚站上年线。 | 证券代 | 证券简 | 今日涨跌幅 | 今日换手率 | 年线 | 最新价 | 乖离率 | | --- | --- | --- | --- | --- | --- | --- | | 码 | 称 | （%） | （%） | （元） | （元） | （%） | | 000659 | 珠海中 | 5.09 | 4.36 | 2.76 | 2.89 | 4.59 | | | 富 | | | | | | | 603507 | 振江股 | 4.38 | 8.98 | 23.94 | 24.54 | 2.51 | | | 份 | | | | | | | 000938 | 紫光股 | 2.06 | 1.81 | 24.77 | 25.26 ...

Investment Rating - Industry rating: Recommended [4] Core Insights - The report emphasizes the importance of open and shared AI capabilities, highlighting the ongoing growth in the AI sector and the potential for significant investment opportunities in related companies [6][7] - The satellite internet sector is experiencing rapid development, with advancements in satellite constellations leading to increased communication capacity and reduced latency, alongside emerging applications in mobile broadband and intelligent driving systems [8][10] Summary by Sections AI and Computing Power - The AI sector is expected to maintain high growth due to strong overseas performance and elevated guidance, with short-term recommendations for companies benefiting from potential easing of chip bans, including Unisplendour, ZTE, and others [7][11] - Long-term growth in the computing power industry is anticipated, driven by advancements in inference computing and model upgrades, with key beneficiaries identified as NewEase, Zhongji Xuchuang, and Tianfu Communication [7][11] Satellite Internet Development - The report notes a significant service interruption of Starlink for approximately 2.5 hours, affecting tens of thousands of users globally, while also highlighting ongoing breakthroughs in domestic inter-satellite laser communication [8][10] - Continuous recommendations for companies like Haige Communication and related beneficiaries such as Zhenlei Technology and Shanghai Hanhua are made, reflecting the robust growth in the satellite internet market [8][10] Communication Infrastructure - The report identifies key players in the communication infrastructure sector, including major operators like China Mobile, China Telecom, and China Unicom, as well as equipment manufacturers such as ZTE and Unisplendour [11][12] - Recommendations extend to companies involved in optical network upgrades and edge computing, with specific mentions of optical module manufacturers and edge security firms [11][12]

Core Insights - The global demand for AI computing power is experiencing unprecedented explosive growth, while the process of domestic substitution is accelerating [1] - The A-share market is witnessing significant development in three major technology sectors: computing power, CPO (Co-Packaged Optics), and PCB (Printed Circuit Board) [1] Group 1: Computing Power Infrastructure - Gansu Qingyang has successfully deployed a domestic 100,000-card intelligent computing cluster, utilizing a fully autonomous architecture and Ascend chips, marking a significant advancement in China's computing power infrastructure [1] - This achievement breaks international technological barriers and signifies a leap from "usable" to "optimal" computing power infrastructure [1] Group 2: CPO Technology - CPO technology integrates optical modules with chip packaging, significantly reducing signal transmission losses and greatly enhancing the energy efficiency and bandwidth of data centers and AI servers [1] - Morgan Stanley predicts that the CPO market will surge from $8 million in 2023 to $9.3 billion by 2030, with a staggering compound annual growth rate (CAGR) of 172% [3] Group 3: PCB Market - The PCB sector is also showing strong growth, driven by the rapid increase in AI inference demand, with applications in servers, switches, and optical modules [3] - Prismark forecasts that the AI server PCB market will achieve a CAGR of 32.5% from 2023 to 2028 [3] Group 4: Investment Opportunities - ZTE Corporation is actively pursuing a "computing power network" strategy, providing comprehensive ICT infrastructure solutions and has won multiple domestic intelligent computing center projects [4] - ZTE has collaborated with NVIDIA to develop a 51.2T CPO switch, setting a new industry record for single-chip bandwidth, which is already applied in Meta's data center [4] - Huada Technology, a leading AI server PCB supplier, has orders booked until 2026 and has made significant breakthroughs in 800G optical module PCB signal integrity [4] - Shengyi Technology, the second-largest copper-clad laminate manufacturer globally, holds over 20% market share in the high-frequency and high-speed CCL market and has achieved a 99.5% yield rate for 800G optical modules [5] - The company has also developed high thermal conductivity PCBs for liquid-cooled servers, successfully applied in the 100,000-card intelligent computing cluster in Qingyang [5] - The top potential stock, H3C, leads the domestic switch market and ranks among the top three globally in AI server shipments, having launched the 51.2T 800G CPO silicon optical switch [4][5]

紫光股份有限公司 关于为子公司提供担保的进展公告 股票简称：紫光股份 股票代码：000938 公告编号：2025－041 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 一、担保情况概述 紫光股份有限公司（以下简称"公司"）2025 年 4 月 28 日召开的第九届董事会 第十二次会议及 2025 年 5 月 20 日召开的 2024 年度股东大会审议通过了《关于为子 公司申请银行综合授信额度提供担保的议案》，同意公司全资子公司紫光数码（苏州） 集团有限公司（以下简称"苏州紫光数码"）为紫光电子商务有限公司（以下简称"紫 光电子商务"）等六家子公司自公司 2024 年度股东大会审议通过之日起 12 个月内申 请的银行综合授信额度提供总额不超过人民币 10.6 亿元的担保（以下简称"本次额 度"）。具体内容详见公司于 2025 年 4 月 29 日在巨潮资讯网等披露的《第九届董事 会第十二次会议决议的公告》（公告编号：2025-018）、《关于为子公司申请银行综合 授信额度提供担保的公告》（公告编号：2025-022）及于 2025 年 5 月 21 日披露的 ...