点击蓝字，关注我们 今日上午港股 1 . 四环医药(00460)午前一度涨超5%，截至发稿，涨3.7% 。消息面上，3月3日，四环医药发布公告， 集团旗下非全资附属公司轩竹生物科技股份有限公司自主研发的创新药吡洛西利片(商品名：轩悦宁 ®)联合芳香化酶抑制剂(AI)一线治疗激素受体阳性(HR+)、人表皮生长因子受体2阴性(HER2-) (HR+/HER2-)晚期乳腺癌的新适应症上市申请(sNDA)，已获得中国国家药品监督管理局(NMPA)批准 上市。 2 . 光通信概念股集体回暖，截至发稿， 剑桥科技(06166)涨8.7%，鸿腾精密(06088)涨4.42%，汇聚科 技(01729)涨4.59%，华虹半导体(01347)涨1.86% 。消息面上，英伟达宣布与光通信领域两大领军企业 Lumentum、Coherent达成多年期战略合作，分别向两家公司各投资20亿美元，总计斥资40亿美元加码 先进光学技术研发与制造。 3 . 汽车股集体回暖，截至发稿， 小鹏汽车-W(09868)涨3.14%，蔚来-SW(09866)涨3.43%，吉利汽车 (00175)涨1.65% 。 消息面上，据第一财经，比亚迪将于3月5日 ...

特斯拉(TSLA.O)最大投资者之一、曾自称是马斯克"铁粉"的亿万富豪李奥·柯根（Leo Koguan），在否 认人工智能泡沫担忧的同时，刚刚买入了100万股英伟达(NVDA.O)。 "我昨晚买了100万股英伟达，还计划继续买入，"总部位于新泽西的软件公司SHI International联合创始 人柯根周三在社交媒体发文称，"我坚信人工智能绝不是泡沫，这仅仅是开始。" 根据彭博亿万富豪指数，柯根的净资产约为128亿美元。英伟达周二收于每股180.05美元。按这一价格 计算，他为这些股票支付的金额约为1.8亿美元。 根据英伟达最新年度报告，截至2月20日，该人工智能芯片巨头共有243亿股流通股。虽然该股过去几个 月整体相对稳定，但由于市场担忧人工智能支出的可持续性，其股价较10月29日创下的207.04美元历史 收盘高点仍低11.5%。 特斯拉长期大股东：从"马斯克铁粉"到部分减仓 柯根的大部分财富来自他在特斯拉的持股，这些股份是他多年来持续积累的。 2021年，他成为特斯拉第三大个人股东，仅次于甲骨文(ORCL.O)联合创始人、前特斯拉董事会成员拉 里·埃里森（Larry Ellison）以及马斯克本人。 ...

消息面上，英伟达宣布与光通信领域两大领军企业Lumentum、Coherent达成多年期战略合作，分别向 两家公司各投资20亿美元，总计斥资40亿美元加码先进光学技术研发与制造。开源证券认为，此举再次 印证了光通信技术或成为未来AIDC互联核心技术，重视硅光/CPO/OCS/空芯光纤/薄膜铌酸锂等光技术 升级大机遇。 中国银河证券指出，光模块景气度仍旧处于上升通道中，海外端当前景气度较高，主流云厂商2026年资 本开支规模持续超预期，GPU性能的提升带动海外光模块速率升级趋势明确，高速率高价值量的光模块 放量节奏有望加速，同时Scale-up侧远期光进铜退的趋势逐步明确，推动光模块用量及需求量的进一步 增长。 智通财经APP获悉，光通信概念股集体回暖，截至发稿，剑桥科技(06166)涨8.63%，报77.4港元；鸿腾 精密(06088)涨5.49%，报5.96港元；汇聚科技(01729)涨5.31%，报17.45港元；华虹半导体(01347)涨 2.2%，报88.15港元。 ...

The tech-heavy Nasdaq Composite rose 1.29%, remaining in positive territory since the US–Israeli strike on Iran that sparked the current tensions in the Middle East. Gains were driven largely by chipmakers Nvidia and AMD, while Amazon rallied 4% despite issues related to its Middle East data centre operations.Supporting sentiment, US services activity expanded at its fastest pace since mid-2022, with 14 industries reporting growth and new orders rising to a more than one-year high. Inflation at services pr ...

The headline here is the Cash Conversion Cycle is extending permanently along with Days Inventory Outstanding.This new reality reflects a deliberate decision to lock up supply chain capacity further than Nvidia has ever done before.The Form 10-K shows Nvidia has $117B total supply obligations (inventory+purchase agreements), nearly matching Nvidia’s Operating Cash Flow for the year. The chart below shows…https://t.co/Oz6fq3uLM9 ...

2026年3月5日，CPO涨幅居前，创业板50ETF华夏（159367）上涨2.88%，持仓股新易盛涨超11%，中 际旭创涨超6%，北京君正涨超4%。 创业板50指数聚焦信息技术、新能源、金融科技、医药等新质生产力赛道，成分股以科技龙头企业为 主，如光模块、芯片、新能源电池、创新药等领域。这些行业符合国家政策方向和全球科技发展趋势， 具有较高的成长性和创新性，是创业板50指数的核心竞争力所在。 彭博社分析指出，英伟达正在利用其巨额利润构建一个强大的生态系统，以支持先进AI技术的发展。 通过直接投资于Coreweave等数据中心公司和OpenAI等模型开发商，英伟达提升了整个市场对其芯片的 需求。 消息面上，英伟达40亿美元押注CPO：近日英伟达宣布向光学龙头Lumentum、Coherent各投资20亿美 元，合计40亿美元，并签订长期采购协议，全力推进CPO在AI算力基础设施的应用。 创业板50ETF华夏（159367），该产品具备两大核心优势：一是20%涨跌幅限制，相较于传统宽基指 数，交易弹性更强；二是管理费0.15%、托管费0.05%，处于同类产品最低费率档，有效降低投资成 本。 ...

过去两天，韩国基准指数KOSPI跌幅均超过10%，创下2008年以来最大两日跌幅。 市场普遍认为，特朗普对伊朗动武引发的全球资金避险情绪，令包括韩国在内的亚洲股市承受了惨烈的跌幅。然而，有最 新分析指出，英伟达为韩国惨跌也做了"贡献"。 一则关于英伟达的技术传闻对韩国内存股造成了精准打击。据韩国Citrini7分析师Jukan引述独立分析机构KIS的评论，有报 道称英伟达正在开发一种利用Groq片上SRAM架构的新型推理芯片，并计划在3月的GTC大会上公布。 这一消息导致韩国内存股走弱，投资者担忧SRAM的使用会减少对包括HBM在内的主内存的需求。 不过韩国股市今日出现了强劲反弹。最新行情显示，韩国KOSPI指数今日涨幅扩大至11%，科技巨头三星电子大涨13%， SK海力士飙升15%。 从物理特性来看，SRAM的单元面积更大，密度低于DRAM，导致其每比特成本显著更高。对于相同容量，SRAM通常需 要DRAM 5到10倍的裸片面积。因此，SRAM历史上一直用于需要极低延迟的缓存或片上缓冲应用，而非作为存储大量数 据的主内存。 SRAM推理芯片冲击HBM、DRAM？可能误判了 然而，市场可能误判了SRAM推理芯 ...

Core Insights - NVIDIA plans to invest a total of $4 billion in two major players in the optical communication sector, Coherent and Lumentum, to strengthen its R&D pipeline and supply chain for large-scale AI infrastructure [1][2] - The investment highlights the increasing importance of optical modules in the AI industry, as they are essential for efficient data transmission between GPUs, which are considered the "brains" of AI servers [2] Investment Rationale - The investment logic for optical modules and computing hardware in the AI industry is based on three main points: 1. Increased Ratio and Price Growth: The ratio of GPUs to optical modules is expected to rise from the traditional 1:2 to 1:4 or higher, with speeds rapidly evolving from 400G to 800G and 1.6T, driving both product prices and gross margins higher [3] 2. High Technical Barriers: The development of high-speed optical modules is complex and lengthy, creating a strong competitive moat for leading companies that enter the supply chains of giants like NVIDIA [3] 3. Resonance of Domestic and Global Computing Needs: The demand for computing power and optical communication is surging, driven by both overseas giants expanding data centers and domestic initiatives like "East Data West Computing" [3] Market Dynamics - The value of optical communication as a critical component in computing power is just beginning to be reassessed, indicating a strong growth potential in this sector [4] - The AI sector's growth is reflected in the performance of the ChiNext AI index, which has a high concentration of leading optical module companies, with significant historical performance compared to other AI indices [5]

CPO概念持续走强，聚飞光电"20cm"涨停，新易盛涨超13%，沃格光电、华工科技涨停。 个股方面，CPO龙头新易盛获主力资金净流入近31亿元，中际旭创获主力资金净流入超16亿元。 | 序号 代码 | | 名称 | ● | 最新 | 涨幅％ 主力净流入↓ | | | --- | --- | --- | --- | --- | --- | --- | | 1 | 300502 | 新易盛 | + | 417.88 | 13.13 | 30.69亿 | | 2 | 601727 | 上海电气 | + | 9.46 | 10.00 | 19.57亿 | | 3 | 300308 | 中际旭创 | t | 580.00 | 7.61 | 16.35亿 | 消息面上，据智通财经，英伟达同意向两家开发数据中心光学技术的企业总计投资40亿美元，这类技术对人工智能系统至关重要。 | | | 序号 代码 名称 ● | | | 最新 | | | 成交量 | 现手 | 换手% | 成交额 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | -- ...

Summary of IonQ Conference Call Company Overview - **Company**: IonQ (NYSE: IONQ) - **Industry**: Quantum Computing Key Points and Arguments Leadership and Company Vision - Andrew Ng, CFO of IonQ, transitioned from board member to CEO and CFO, emphasizing the company's growth and potential in quantum computing [7][16][17] - IonQ has evolved from a single product to a portfolio of over a dozen products, indicating significant growth and diversification [18][29] Quantum Computing Potential - Quantum computing promises capabilities beyond classical computing, with the concept of "quantum advantage" where quantum computers can perform calculations that classical computers cannot [23][25] - The company is approaching a point where quantum computing applications will become commercially viable, potentially within one to two years [25][30] Technological Development - IonQ's roadmap includes moving from 100 qubits to 256 qubits by the end of the year, with future plans for 10,000 and up to 2 million qubits [78][102] - The company focuses on ion trap technology, which has fewer initial errors and allows for easier scaling of applications [48][49] Market Demand and Supply Chain - There is a higher demand for IonQ's 100 qubit machines than anticipated, leading to a need for de-bottlenecking in manufacturing and deployment [106][109] - IonQ has built its own manufacturing facility in Seattle, which allows for control over production and scalability [104][105] Financial Performance - IonQ reported $130 million in revenue, with organic growth continuing at 80% or better, indicating strong market demand and business health [56][58] - The company maintains a cash balance of $3.3 billion, providing a strong foundation for long-term investments in R&D and infrastructure [116][119] Strategic Partnerships - IonQ collaborates closely with NVIDIA, integrating quantum computing with AI applications, which enhances the value proposition for customers [84][87] - The company is also engaging with government entities, leveraging federal interest in quantum technology to validate and promote its offerings [90][91] Competitive Landscape - IonQ competes with major players like IBM and Honeywell, but focuses on a cost-effective model with lower total cost of ownership (TCO) for its quantum systems [121][137] - The company aims to differentiate itself by offering machines that are easier to deploy and operate compared to superconducting systems [131][140] Future Outlook - IonQ's strategy includes continuous investment in R&D to maintain technological leadership and meet evolving customer needs [62][64] - The company is positioned to capitalize on the growing interest and investment in quantum computing across various sectors, including life sciences and energy [29][94] Additional Important Insights - The company is focused on building applications alongside its quantum hardware, akin to the iPhone and App Store model, to ensure relevance and utility in the market [29] - IonQ's approach to networking and sensing technologies aims to create a comprehensive ecosystem that enhances the functionality of its quantum computers [55]