3月18日，美光科技2026财年第二季度财报显示，公司营收同比增长将近两倍至约239亿美元，毛利率飙升至创纪录的75%，并给出了第三财季高 达81%的毛利率指引。同时，美光宣布2026财年资本支出将超过250亿美元，且2027财年的建筑相关支出将同比增加超100亿美元。美光盘后股价 先涨后跌，最大跌幅近5%。 市场的核心分歧点在于"钱"。在随后美光举行的电话会上，投资者最关心的问题集中在三个方面：为何要在此时开启如此庞大的资本开支计划？ 高达81%的毛利率指引是否具备可持续性？以及美光在英伟达AI芯片供应链中的真实身位。 高昂资本支出引发市场担忧 "我们预计2027财年的资本支出将大幅增加。"美光CEO Sanjay Mehrotra在会上表示。 根据指引，美光2026财年（截至今年8月）的资本支出将超过250亿美元，远超分析师预期的224亿美元。2027财年的建筑相关资本支出还将在此基 础上激增超过100亿美元。这种"烧钱"速度引发了投资者对未来自由现金流和产能过剩的担忧，并且高昂成本掩盖了强劲的销售预期。 管理层对此给出了底层的产业逻辑：现在的钱，不得不花。 Sanjay解释道，"大部分支出的增加是由无尘 ...

Market Overview - The S&P 500 dropped 1.4%, the Nasdaq 100 fell 1.3%, and the Dow decreased by 1.6%, marking the S&P's weakest level since November 2025 [1] - February's PPI increased by 0.7%, more than doubling expectations, which negatively impacted market sentiment [2] Federal Reserve Insights - The Federal Reserve voted 11-1 to maintain interest rates in the 3.5%–3.75% range, emphasizing that Middle East developments will significantly influence inflation [3] - The Fed raised its core inflation forecast to 2.7% by year-end and slightly increased GDP projections to 2.4% [3] Geopolitical Factors - Ongoing tensions in the Middle East are causing energy markets to anticipate prolonged disruptions in oil and gas flows, with Brent crude prices around $110 [4] - Iran has issued warnings of potential responses targeting facilities in Qatar, Saudi Arabia, and the UAE, further complicating the geopolitical landscape [4] Sector Performance - Energy and industrials were the only sectors to finish positively, while major declines were seen in consumer staples and technology stocks [5] - Notable declines included McDonald's, P&G, and Home Depot, each dropping over 3%, while Visa and Mastercard fell by 3.1% and 3.7%, respectively [5] Company Highlights - Micron reported fiscal Q2 revenue of $23.86 billion, significantly exceeding the $20.07 billion consensus, and announced a 30% dividend hike [6] - Q3 guidance from Micron was set at $33.5 billion, well above Wall Street's expectation of $22.5 billion, indicating strong demand [6] Market Sentiment - The VIX closed above 23, and Treasury yields increased, reflecting market concerns about the Fed's potential inaction amid rising inflation and geopolitical crises [7] - The market is currently in a precarious position, with energy being the only sector celebrating while others focus on risk management [7]

当英伟达从芯片企业向AI基础设施工厂完成深度蜕变，深耕推理市场的国产算力产业链，正站在发展的关键十字 路口。 " 推理拐点已至，中国算力产业链的机会在哪？ " 作者丨刘伊伦 编辑丨包永刚 2026英伟达GTC大会的行业热度持续发酵，黄仁勋擘画的万亿营收蓝图、性能跃升的Vera Rubin平台，加之软 硬件生态的全方位升级，推动整个AI算力产业迎来技术与产业的双重变革浪潮。 3月19日11:30，雷峰网推出GTC专题圆桌对话，特邀三位半导体与AI算力领域的重磅嘉宾，深度拆解2026 GTC 核心技术突破，直击国产算力面临的挑战与机遇。 直播时间： 03月19日 11:30（北京时间） 主持人:胡敏 雷峰网云计算主编 嘉宾: 徐凌杰 魔形智能CEO 嘉宾: 罗彤 芯动科技首席技术官 嘉宾:刘昊飞 嘉宾阵容 徐凌杰 魔形智能CEO 盛景嘉成创投创始合伙人 微信扫码预约直播 01 核心议题 本次圆桌对话紧扣GTC 2026最新动态，聚焦芯片、机架、模型与应用三大核心层面，拆解英伟达技术布局背后 的战略意图，探讨国产算力的应对之策与发展机遇： 02 1. GTC大会核心洞察：刷屏全网的GTC 2026，最强烈的产业感受 ...

3.吉利副总裁回应"董明珠购车"：其个人订购3辆极氪009，连同下属员工等合计订购9辆 4.百度推动大模型与搜推业务融合，何径舟任百度App研发中心组织负责人 5.真安全、真绿色、真生态，2026奇瑞汽车电池之夜发布能源新战略 6.字节内部发布"龙虾"相关安全规范，面向员工推出ByteClaw 要闻提示 NEWS REMIND 1. 「日本最强AI」塌房了！扒开代码全是DeepSeek，日本网友集体破防 2.腾讯年报披露：人均年薪成本超百万 7.三星电子工会拟5月全面停工18天！93%员工赞成：不涨工资就不干了 8.卓驭科技计划港股上市，Pre-IPO轮融资20亿 今日头条 HEADLINE NEWS 「日本最强AI」塌房了！扒开代码全是DeepSeek，日本网友集体破防 3月18日消息，据媒体报道，日本乐天集团在17日刚高调发布号称"日本国内最大规模"的高性能AI模型 Rakuten AI 3.0，结果不到12小时就被技术社区扒得底朝天，直接实锤核心架构全抄中国深度求索的开源 模型DeepSeek V3，初期还完全没标注原创方，引爆日本全网舆论。 报道称，网友直接扒出乐天当天上传到Hugging Face开 ...

" 英伟达承认GPU并非推理最优解，AI算力叙事逻辑改写。 " 作者丨 刘伊伦 杨依婷 编辑丨包永刚 GTC 2026，主角不再是GPU。黄仁勋用一整场发布会证明：英伟达的战场已经转移。 过去十年，英伟达用CUDA生态和Tensor Core，将GPU推至AI计算的中心位置，GPU既是训练引擎，也是 推理主力，包揽一切。 而在这场被视为AI基础设施风向标的发布会上， 叙事重心开始从"更强的GPU"，转向"如何组织算力"。 从Vera Rubin平台，到LPX推理机架，再到尚未完全展开的Feynman架构，一条清晰的主线逐渐浮现：AI正 在从以训练为中心的阶段，过渡到以推理为核心的阶段，而对应的基础设施，也发生了从通用走向分工的变 化。 数据中心也被重新定义为"AI工厂"，衡量标准也从单卡性能，转向Token产出效率。 但这套新叙事也留下一串未解的追问：LPU的入场是否宣告推理不是GPU的主场？专用架构与通用算力如何 分层共处？Token能否真正成为AI时代的硬通货？而英伟达从"算力垄断"转向"生态闭环"的转身，究竟是前瞻 布局，还是存量优势的被动防守？更多产业洞察，欢迎添加微信 YONGGANLL6662 交 ...

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000 ...

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000 ...

AI face is coming to gaming thanks to Nvidia. This week, Nvidia announced DLSS5, a new version of its upscaling technology. Nvidia promised that the tech can quote deliver a new level of photoreal computer graphics previously only achieved in Hollywood visual effects.But the examples shown have led to widespread criticism of the tech and how it dramatically changes faces to give him an AI look. Here's Grace Ashcraftoft from Resident Evil Recreum. Here are some characters from Bethesda Starfield and even Vir ...

以下文章来源于硅基立场 ，作者骆轶航 硅基立场 . 硅基世界的时代立场与中国立场。 2025年3月，一个穿皮衣的男人重新定义了另一种叫 token 的东西。你投入算力，产出 token，token 在一个 AI 推理 （inference & reasoning ） 过程中被立刻消费掉：思考、推理、写代码、做决策。 整个 AI 经济由此加速。没有人争论这种 token 有没有价值，因为你今天早上刚用掉了几百万个。 两种 token，同一个名字，同一个底层结构：算力进去，有价值的东西出来。 2026年3月，我坐在 NVIDIA GTC 会场里，听了黄仁勋一场几乎没有带货的主题演讲。是的，他发 布了 Vera Rubin，一款 CPU 与 GPU 结合的产品。但这次，他没有讲芯片参数，没有讲制程工艺， 他讲的是一套关于 token 生产、定价和消费的完整经济学： 哪种模型，对应哪种 token 速度；哪种 token速度，对应哪个定价区间；哪个定价区间，需要什么级 别的硬件来支撑。 他甚至帮台下的 CEO 和掌握着企业支票本的决策者们做好了数据中心的算力分配方案：25%给免费 层，25%给中端，25%给高端，25 ...

Economic Outlook - Federal Reserve Chairman Jerome Powell stated that the U.S. economic outlook is "extremely uncertain," with rising inflation and various geopolitical factors disrupting the inflation decline [2] - The Federal Reserve decided to maintain the federal funds rate target range at 3.5% to 3.75%, marking the second consecutive meeting without a rate change, reflecting caution regarding potential inflation risks [2] - Powell projected the U.S. PCE inflation rate for February at 2.8% and core PCE at 3.0%, acknowledging that recent inflation expectations have risen due to increasing energy prices [2] Geopolitical Developments - Iranian Supreme Leader Ali Khamenei condemned the assassination of security official Larijani, vowing that "blood debts will soon be settled" [3] - Iran launched a large-scale missile attack on U.S.-related oil and energy facilities in retaliation for attacks on its energy infrastructure, indicating a new phase of conflict [5] Market Reactions - U.S. stock indices fell over 1%, with the Dow Jones down 1.63% and the S&P 500 down 1.36%, both reaching new lows since November [10] - International oil prices rose significantly, with U.S. crude oil up 3.68% to $99.05 per barrel and Brent crude up 6.8% to $106.15 per barrel [12] Corporate Developments - Microsoft is considering legal action against Amazon and OpenAI over a $50 billion cloud deal that may violate its exclusive partnership with OpenAI [6] - Tencent reported a 13% year-on-year revenue growth in Q4, reaching 194.37 billion yuan, with an annual revenue of 751.77 billion yuan and operating profit exceeding 280.66 billion yuan [14] - Alibaba Cloud and Baidu Smart Cloud announced price increases due to surging global AI demand and rising costs of core hardware [13]