2026 年 03 月 09 日 ▌算力：算力租赁价格平稳，REDSearcher 框架实现 深度搜索 Agent 技术突破 2026 年 3 月，REDSearcher 团队发布低成本、可扩展的深度搜 索 Agent 训练框架，其 30B 参数模型斩获开源模型 SOTA，还 超越 GPT-5-Thinking-high 等闭源模型，突破了深度搜索 Agent 训练的三大行业瓶颈。团队从图论角度定义任务复杂 度，实现高难度问题自动化合成与多模态扩展，还设计了两 阶段 Mid-Training 训练框架和 SFT+AgenticRL 后训练策略， 模型在多项权威基准测试中表现亮眼。 ▌AI 应用：Bing 周访问量环比+2.70%，GPT-5.4 开 启智能体新纪元 2026 年 3 月 6 日，OpenAI 发布其新一代旗舰模型 GPT-5.4。 该模型不仅在多个关键性能指标上表现卓越，更首次为通用 模型赋予了原生的电脑使用能力。该模型推出两种版本， ChatGPT 端的 GPT-5.4Thinking 与 GPT-5.4Pro 已全面上线， 开发者端 GPT-5.4 接入 API 与 Codex，并附带极速 ...

All three indexes staged a late comeback after Trump said the war was "very far ahead" of his initial four-to-five-week estimated time ‌frame. Early in the ⁠session, oil ⁠prices reached their highest levels since mid-2022 due to constricted supply arising from shipping disruptions as the war on Iran entered its tenth day. Ballooning energy prices could metastasize into a broader inflation spike at a time when many U.S. consumers are struggling with affordability. Crude prices fell, however, after sources s ...

记者丨张嘉钰 编辑丨曾静娇 周一（3月9日），美国三大股指全线收涨。道指涨0.5%；标普500指数涨0.83%，盘中一度跌超1.5%；纳指涨1.38%，基本收复自伊朗冲突以 来的全部跌幅。 据央视新闻报道， 特朗普称美国对伊朗战事已基本结束 。 | 道琼斯工业 | 纳斯达克指 | 标普500 | | --- | --- | --- | | 47740.80 22695.95 | | 6795.99 | | +239.25 +0.50% +308.27 +1.38% +55.97 +0.83% | | | | 美国科技七 中概科技龙 | | 中国金龙 | | 62299.79 3817.94 | | 7083.84 | | +812.56 +1.32% +80.23 +2.15% +122.79 +1.76% | | | | 道琼斯期货 纳斯达克100 标普500期货 | | | | 47660 24914.25 | | | | -109 - -0.23% -76.75 -0.31% -18.50 -0.27% | | | 大型科技股集体上涨，万得美国科技七巨头指数涨1.32%。英伟达、谷歌A涨超2% 。 半导 ...

Group 1 - The Direxion Daily Semiconductor Bull 3X ETF (SOXL) surged 11.6% on Monday, indicating strong investor interest in the semiconductor sector [1] - The VanEck Semiconductor ETF (SMH) and iShares Semiconductor ETF (SOXX) also saw gains of 3.6% and 3.98% respectively, reflecting a broader rally in semiconductor stocks [1] - Key semiconductor companies like NVIDIA and Broadcom reported significant revenue growth, with NVIDIA's Q4 FY2026 revenue reaching $68.13 billion, up 73.2% year over year, and Broadcom's AI chip revenue hitting $8.4 billion, up 106% year over year [1] Group 2 - The semiconductor sector's recent rally follows a period of volatility, with strong earnings results contributing to renewed investor confidence [1] - The VanEck Semiconductor ETF had previously sold off, but the recent earnings season has led to a rebound, attracting investors back into the sector [1] - Broader market conditions, including a drop in oil prices and a relatively stable 10-year Treasury yield, have created a favorable environment for semiconductor stocks [1]

Market Overview - The market is currently driven by headlines, particularly concerning oil prices and geopolitical events, which have influenced major indexes like the S&P, Dow, and NASDAQ [1][2] - A significant drop in oil prices has led to a decline in bond yields, indicating reduced inflationary pressure expectations [3] Sector Performance - The technology sector has seen a resurgence, with major companies like Nvidia, Broadcom, Alphabet, and Apple leading gains, suggesting a strong investor sentiment towards tech despite previous concerns [4][5] - Lower bond yields are positively impacting tech stocks, making them more attractive for growth investments [6] Economic Indicators - The current economic environment shows signs of potential recovery, with indicators such as capex and productivity previously being strong before recent disruptions [8][9] - There are still uncertainties regarding the sustainability of the bull market, but certain economic indicators suggest it could continue if geopolitical tensions ease [9] Investment Strategy - Investment strategies remain focused on sectors that have shown uptrends, such as energy, healthcare, and industrials, while caution is advised for staples that may be overbought [11][12]

Geopolitical and Economic Context - Geopolitical tensions, particularly involving Iran, and fears of technological disruption are creating a rich environment for investment opportunities [1] - The global economic backdrop remains positive, with solid growth and productivity gains from technological adoption, particularly in AI infrastructure [2] Market Resilience - Despite geopolitical noise, equity markets are resilient, with major indexes trading close to record highs and a broadening of market participation [4] - The expansion of leadership across sectors is indicative of a durable bull market rather than weakness [4] Sector-Specific Opportunities - Opportunities are identified in the technology and financial sectors, including companies like Expedia (EXPE), Nvidia (NVDA), Fair Isaac (FICO), Broadcom (AVGO), Apollo Global Management (APO), and Dell Technologies (DELL) [6] - The private credit market has grown significantly, from approximately $500 billion in 2020 to around $2 trillion today, with Apollo Global Management positioned as a leader [14] Financial Sector Insights - Apollo Global Management is trading at 11.8x forward earnings, with projected earnings growth of 14.3% annually over the next three to five years [17] - Fair Isaac is trading at 35.2x forward earnings, with expected earnings growth of 28.6% annually, reflecting its strong competitive position in credit scoring [19] Technology Sector Insights - Nvidia, a leader in AI infrastructure, is trading at 22.7x forward earnings, with projected revenue growth of 59% this year and 27% next year [22] - Broadcom is trading at 31.9x forward earnings, with expected earnings growth of 48.6% annually and strong revenue growth [23] - Dell Technologies is trading at 11.5x forward earnings, with expected earnings growth of 18% annually, indicating potential for a breakout [24] - Expedia is trading at approximately 13x forward earnings, with expected EPS growth of nearly 20% annually, supported by a growing B2B travel platform [25] Conclusion on Investment Opportunities - Current market uncertainties may present compelling investment opportunities, with many high-quality companies trading at attractive valuations compared to a year ago [26] - If the macro environment stabilizes, these companies could be well-positioned for the next phase of the bull market [27]

Did you know that in just the past five years, Broadcom (NASDAQ: AVGO) stock has soared by more than 630%? The tech company has been a hot buy, and it has routinely outperformed the market. Demand for custom chips has been through the roof as companies invest in artificial intelligence (AI) and build next-gen models, and Broadcom has benefited from that. The company recently posted strong quarterly results yet again and highlighted just how massive its growth opportunities still are. Here's a look at why ...

如果您希望可以时常见面，欢迎标星收藏哦~ 强劲的客制化芯片需求直接反映在博通惊人的财务表现上，其业绩成长曲线极为陡峭。根据博通公 布的2026会计年度第一季（自2025年11月至2026年1月止）财报数据显示，该公司单季总营收高 达193.1亿美元，较上一年同期大幅成长了29%。其中，最受市场瞩目的AI相关业务营收更是呈现 爆发性增长，达到84亿美元，年增率高达惊人的106%。 对于未来的营运展望，执行长陈福阳在法说会中向投资人释放了极度乐观的讯号。他明确表示，我 们预期2027年光是在芯片部门，就有望达成超过1000亿美元的AI营收规模。这样庞大的营收预 测，再次印证了博通在AI基础建设领域中不可撼动的获利能力。而且，随着博通在ASIC市场的攻 城掠地以及产能的全面确立，市场普遍预期博通将具备与目前瓜分AI芯片市场的英伟达、超微比 较的实力。而路透社也在近期的报导中指出，博通在AI芯片领域的合约规模，正越来越逼近英伟 达与超微的水准。该报导更强调，随着ASIC的登场，英伟达在先进资料中心基础设施市场所拥有 的独占性地位，正日益受到严重的威胁。 （来源： technews ） 随着全球人工智能（AI）产业呈现 ...

执业证书：S1030522060001 电话：18065826333 邮箱：lisz@csco.com.cn 分析师：罗晴 执业证书：S1030524110001 电话：13603091122 邮箱：luoqing@csco.com.cn 公司具备证券投资咨询业务资格 TMT 行业周报（3 月第 1 周） TMT [Table_Title] 头部企业业绩验证行业高景气度 [Table_ReportDate] 2026 年 03 月 09 日 [Table_Author] 分析师：李时樟 [Table_S 行业观点： ummary] 证券研究报告 请务必阅读文后重要声明及免责条款 [Table_Industry] [Table_ReportType] [Table_BaseData] 1) 周度市场回顾。 TMT 板块内一级行业上周（3/2-3/6）涨跌 幅为：通信（-0.63%）、电子（-5.07%）、计算机（-5.29%）、 传媒（-6.97%）。TMT 板块内涨幅靠前的三级子行业分别为 通信网络设备及器件（1.59%）、LED（1.05%），跌幅靠前 的三级子行业分别为通信应用增值服务（-10.42%）、 ...

[Table_Reportdate] 2026年03月09日 标配 行 业 周 报 [Table_Authors] 证券分析师 方霁 S0630523060001 fangji@longone.com.cn 联系人 方逸洋 fyy@longone.com.cn 联系人 董经纬 djwei@longone.com.cn [table_stockTrend] [table_product] 相关研究 1.半导体行业涨价蔓延未止， 关注AI驱动下细分赛道结构性 机会——半导体行业2月份月 报 1. 英伟达业绩继续超预期，关注 GTC大会新品发布——电子行业周 报（20260223-20250301） 2. 四大CSP厂商资本开支超预期， 需求传导推动功率半导体价格上涨 ——电子行业周报（20260202- 20250208） 3. 头部CSP资本开支持续高增，平 头哥发布全自研AI训推一体芯片 ——电子行业周报（20260126- 20250201） [Table_NewTitle] 存储涨价致消费电子市场承压，博通受 益AI需求业绩超预期 ——电子行业周报2026/3/2-2026/3/8 [table_main ...