证券日报网讯 1月12日，浪潮信息在互动平台回答投资者提问时表示，截至2026年1月9日，公司股东总 户数为28万余户。 （文章来源：证券日报） ...

Investment Rating - The industry investment rating is "Outperform the Market" which indicates an expected performance that exceeds the market by more than 5% over the next six months [23] Core Insights - The CES 2026 event highlighted the continuous enhancement of global AI computing power platforms, with significant advancements from major chip manufacturers like NVIDIA and AMD [3][5] - NVIDIA's Rubin platform has achieved full-scale production, while AMD introduced its Helios platform, showcasing the ongoing improvements in AI computing infrastructure that are expected to drive the global AI industry forward [6][19] - The report emphasizes the synergy between the enhancement of AI computing infrastructure and the iterative upgrades of global large models, which will foster sustained growth in the AI sector [3][19] Summary by Sections Industry News and Commentary - CES 2026 concluded on January 9, 2026, showcasing advancements in AI computing chips from companies like NVIDIA and AMD [3][6] - NVIDIA's Rubin platform is designed for building advanced AI supercomputers and is now in full production, with products expected to be available in the second half of 2026 [7] - AMD's Helios platform aims to provide significant computational power for large parameter model training, enhancing bandwidth and energy efficiency [8] Weekly Market Review - The computer industry index rose by 8.49% this week, outperforming the CSI 300 index by 5.70 percentage points [12] - As of the last trading day, the overall P/E ratio for the computer industry was 58.8 times, with 325 out of 359 A-share component stocks experiencing price increases [16] Investment Recommendations - The report suggests a strong focus on AI-related investment opportunities, particularly in AI computing and algorithms [19] - Recommended stocks in AI computing include Haiguang Information, Longxin Zhongke, and Inspur Information, while strong recommendations in AI algorithms include Hengsheng Electronics and Zhongke Chuangda [19]

Investment Rating - The report maintains an investment rating of "Leading the Market - A" for the computer industry [1][11]. Core Insights - The report highlights the acceleration of AI development in the manufacturing sector, driven by a recent policy issued by multiple government departments, aiming for significant advancements in AI technology and its applications by 2027 [3][5]. - The policy outlines specific goals, including the application of 3-5 general large models in manufacturing, the creation of 100 high-quality datasets, and the promotion of 500 typical application scenarios [3][5]. - The report emphasizes the transition of industrial AI from isolated applications to comprehensive integration across all manufacturing processes, with significant growth in AI adoption among industrial enterprises [6][7]. Summary by Sections Industry Performance - The computer industry has shown a strong market performance over the past year, with a focus on AI applications in manufacturing [1]. Policy Impact - The recent policy is a detailed implementation of previous guidelines, focusing on computational power, model development, data management, and application scenarios in manufacturing [5][6]. - Specific initiatives include support for advanced training chips, the development of industry-specific models, and the establishment of a chief data officer system in enterprises [5][6]. AI Adoption - The report notes a significant increase in the adoption of large models and intelligent agents in Chinese industrial enterprises, rising from 9.6% in September 2024 to 47.5% in 2025, with expectations for further rapid growth in 2026 [6][7]. Investment Recommendations - The report suggests focusing on companies involved in industrial AI applications, data annotation, and AI computing power, including firms like Zhong控 Technology, Kingdee International, and others [7].

Group 1 - The AI software sector is experiencing significant growth, with the China Securities Cloud Computing and Big Data Theme Index rising by 2.57% as of January 9, 2026, and the Cloud Computing 50 ETF increasing by 2.62% [1] - The Cloud Computing 50 ETF has seen a net inflow of 31.02 million yuan, indicating strong investor interest [1] - The Ministry of Industry and Information Technology and eight other departments issued an implementation opinion on "Artificial Intelligence + Manufacturing," aiming to promote deep integration of AI technology and manufacturing by 2027 [1] Group 2 - As of January 8, 2026, the Cloud Computing 50 ETF has a maximum drawdown of 0.35% this year, indicating low drawdown risk [2] - The Cloud Computing 50 ETF closely tracks the China Securities Cloud Computing and Big Data Theme Index, which includes 50 companies involved in cloud computing and big data services [2] - The top ten weighted stocks in the index account for 50.01% of the total, with notable companies including iFlytek, Kingsoft Office, and Zhongji Xuchuang [2]

Core Viewpoint - The Shenzhen State-owned Enterprise ESG Index (970055) closed at 1436.92 points, down 0.32%, with a trading volume of 43.67 billion yuan and a turnover rate of 1.69% [1] Group 1: Index Performance - On the day, 19 constituent stocks rose, with Zhongtung High-tech leading with a 7.67% increase, while 29 stocks fell, with Yun Aluminum leading the decline at 3.21% [1] - The index's constituent stocks experienced a net outflow of 222 million yuan from institutional investors and a net outflow of 127 million yuan from retail investors, while retail investors saw a net inflow of 348 million yuan [1] Group 2: Top Constituents - The top ten constituents of the Shenzhen State-owned Enterprise ESG Index are as follows: - Hikvision (sz002415) with a weight of 9.57%, latest price at 30.07, and a decrease of 1.05% [1] - Wuliangye (sz000858) with a weight of 9.23%, latest price at 107.52, and a decrease of 0.60% [1] - Xugong Machinery (sz000425) with a weight of 8.83%, latest price at 11.73, and a decrease of 0.26% [1] - Weichai Power (sz000338) with a weight of 7.59%, latest price at 17.82, and an increase of 0.91% [1] - Luzhou Laojiao (sz000568) with a weight of 7.52%, latest price at 117.12, and a decrease of 1.26% [1] - Yun Aluminum (sz000807) with a weight of 5.93%, latest price at 33.78, and a decrease of 3.21% [1] - Inspur Information (sz000977) with a weight of 5.93%, latest price at 67.42, and a decrease of 0.98% [1] - AVIC Optoelectronics (sz002179) with a weight of 3.53%, latest price at 37.08, and a decrease of 0.40% [1] - Yanghe Distillery (sz002304) with a weight of 3.17%, latest price at 62.26, and a decrease of 1.77% [1] - Guangxun Technology (sz002281) with a weight of 2.96%, latest price at 71.18, and an increase of 2.45% [1]

Core Viewpoint - The Inspur Yingxin NF5468M5 server is being promoted at a discounted price by Beijing Kechuang Tengda, showcasing its advanced capabilities tailored for modern data centers, particularly in AI, virtualization, and large-scale database applications [1][4][9]. Group 1: Product Features - The NF5468M5 server is a 4U dual-socket rack server powered by dual Intel Xeon Gold 5218 processors, offering exceptional parallel processing capabilities and system stability [1][7]. - It features a high-density architecture with flexible I/O configurations, supporting up to 20 PCIe 3.0 expansion slots for AI accelerator cards, high-speed network cards, and storage controllers [1][7]. - The server utilizes ECC DDR4 memory technology to ensure data integrity and supports hot-swappable storage configurations, balancing capacity and performance for critical business operations [1][7]. Group 2: Application Scenarios - The NF5468M5 is suitable for various enterprise-level scenarios, including AI training and inference, virtualization platforms, large-scale database clusters, and real-time data analytics [4][9]. - In the AI domain, it supports multiple GPU topologies, seamlessly integrating with mainstream accelerator cards to efficiently support deep learning model training and deployment [4][9]. - Its multi-core, high-concurrency characteristics significantly enhance resource utilization in virtualized environments, aiding cloud platform elasticity [4][9]. Group 3: Company Overview - Inspur is recognized as a leading provider of computing platforms and IT application solutions in China, and it is the largest server manufacturer and server solution provider in the country [6][10]. - The company operates two publicly listed entities in China, "Inspur Information" and "Inspur Software," along with a listing on the Hong Kong Stock Exchange [6][10].

【中关村在线北京行情】近日，浪潮英信NF5280M5服务器在中关村在线商家"北京科创腾达(渠道经销商)"特价促销，价格优惠， 【商家活动】赠品：京东E卡 (购买一件及以上，赠完即止）更多优惠详情请致电或微信 13146627892。浪潮NF5280M5服务器搭载 双路Xeon Gold 5218处理器，构建起强劲的计算核心，凭借多核多线程架构带来卓越的并行处理能力，可轻松应对高密度计算负 载。搭配128GB大容量内存，为多任务并行运行提供充足支撑，有效降低内存瓶颈对业务处理效率的影响。存储方面，6块1.2TB硬 盘组成的大容量存储阵列，不仅能满足海量数据的本地存储需求，还可通过灵活的RAID配置保障数据安全与读写性能。整机采用 全模块化设计，拥有丰富的扩展插槽，支持多种网络接口与加速卡配置，兼具智能管理功能，可实时监控运行状态并简化部署维护 流程，展现出稳定可靠、灵活适配的产品特性。 依托出色的硬件配置与性能优势，该服务器适配多种核心应用场景。在云计算领 域，其强劲算力可支撑虚拟化集群部署，为公有云、私有云平台提供稳定的算力输 出；面对大数据分析任务时，大容量内存与存储的协同配合，能高效处理海量数据 检索与分 ...

证券日报网讯 1月6日，浪潮信息在互动平台回答投资者提问时表示，截至2025年12月31日公司股东总 户数将在公司年报中披露。 （文章来源：证券日报） ...

Group 1 - Goldman Sachs has updated its global server market forecast, expecting total revenue to reach $433.1 billion, $606.1 billion, and $763.9 billion in 2025, 2026, and 2027 respectively, with year-on-year growth rates of 71%, 40%, and 26% [2] - AI training servers are identified as the core growth engine, with projected revenues of $234.8 billion, $369.8 billion, and $506.2 billion for the same years, reflecting year-on-year growth rates of 97%, 57%, and 37% [2] - The report highlights a structural transformation in the global server market, driven by accelerated ASIC server penetration and significant capital expenditure growth from global cloud service providers, maintaining a high prosperity period from 2025 to 2027 [1][2] Group 2 - ASIC chip penetration in AI servers is expected to increase, with forecasts of 38%, 40%, and 50% for 2025, 2026, and 2027 respectively, up from a previous estimate of 45% for 2027 [3] - The demand for AI chips corresponding to AI servers is projected to reach 11 million, 16 million, and 21 million units in 2025, 2026, and 2027, representing increases of 7%, 17%, and 26% from previous forecasts [3] - The AI rack server market is shifting from reliance on Nvidia to a more diversified competition, with non-Nvidia solutions like AMD's Helios expected to gain market share [4] Group 3 - High-power AI training servers are projected to see significant growth, with shipment forecasts of 692,000, 952,000, and 1,227,000 units for 2025, 2026, and 2027, and corresponding market sizes of $180.2 billion, $205.2 billion, and $251.1 billion [5] - AI inference servers are expected to grow steadily, with shipment forecasts of 470,000, 539,000, and 656,000 units, and market size increasing from $29.8 billion to $48.4 billion from 2025 to 2027 [6] - The general server market is returning to normal growth, with shipment growth rates of 11%, 8%, and 2% for 2025, 2026, and 2027, and revenue growth rates of 51%, 19%, and 5% [7] Group 4 - Key companies in the server supply chain include ODM manufacturers like Wistron, Quanta, and Hon Hai, with Hon Hai being a leader in AI server market share [8] - Liquid cooling manufacturers such as AVC and Auras are highlighted for their roles in the cooling solutions for AI servers, with AVC providing custom cooling solutions for Nvidia's platforms [10][11] - TSMC is recognized as a foundational player in the AI chip and ASIC manufacturing sector, while companies like Chenbro and GCE are noted for their roles in critical components for server manufacturing [12]

Group 1: Market Performance - The Shanghai Composite Index accelerated its rise by over 1%, returning to the 4000-point mark, with the computing power sector showing strong performance [1] - The cloud computing ETF Huatai-PineBridge (159273) saw a significant increase of over 3%, with a total trading volume exceeding 30 million yuan, representing a 33% increase compared to the previous period [1] Group 2: Stock Performance of Key Companies - Most of the weighted stocks in the cloud computing ETF Huatai-PineBridge closed in the green, with Kingsoft Office rising over 6%, and Alibaba-W, Zhongke Shuguang, and others increasing by over 2% [2] - The estimated weight and performance of key stocks include: - Zhongbiao Chuang (11.14% weight, +2.21% change) - Alibaba-W (9.52% weight, +2.55% change) - Kingsoft Office (3.97% weight, +6.49% change) [3] Group 3: Industry Trends and Projections - Guosen Securities reviewed the trends in AI model development, noting that the narrative around AI has evolved, with significant advancements expected in reasoning capabilities and application companies [4] - The capital expenditure (Capex) of major tech giants is projected to grow by over 50% year-on-year in 2025, with expectations of continued growth of over 30% in 2026 [5] - The demand for data center capacity is expected to increase significantly, with a projected shortfall in power supply due to the retirement of coal power and long construction cycles for supporting infrastructure [5] Group 4: Technological Developments - The evolution of model architecture continues, with a focus on addressing computational and memory consumption bottlenecks during training, as well as enhancing reasoning capabilities [5][7] - The emergence of AI agents is supported by improvements in model capabilities and efficiency, which are expected to drive significant growth in applications such as AI programming and content creation [8] Group 5: Investment Opportunities - The cloud computing ETF Huatai-PineBridge (159273) is positioned to capture the historical opportunities presented by AI-driven computing power, covering a wide range of sectors including hardware, cloud services, and data center operations [10]