Group 1 - The Nasdaq China Golden Dragon Index increased by 1.85%, indicating a positive market trend for Chinese stocks [1] - Notable short-term gains were observed in several popular Chinese concept stocks, with Century Internet (VNET.US) rising nearly 7% [1] - Other companies such as Kingsoft Cloud (KC.US) and GDS Holdings (GDS.US) saw increases of 4%, while NIO (NIO.US) and Alibaba (BABA.US) both rose over 3% [1]

Core Viewpoint - Century Internet (VNET.US) has been included in Goldman Sachs' "Strong Buy" list for the Asia-Pacific region, marking it as the only IDC company on this list, indicating strong investor interest and potential growth opportunities [1] Company Summary - Century Internet's stock rose over 5% to $9.25 following the announcement from Goldman Sachs [1] - The company is transitioning from traditional retail IDC operations to high-growth wholesale IDC operations, positioning itself to benefit from increasing investments in AI [1] - Analysts predict that Century Internet is likely to enter a phase of accelerated revenue and EBITDA growth in the coming years, making it an attractive investment option for investors [1]

Core Viewpoint - Century Internet (VNET.US) has been included in Goldman Sachs' "Strong Buy" list for the Asia-Pacific region, marking it as the only IDC company on this list, which has led to a stock price increase of over 5% to $9.25 [1] Group 1 - Goldman Sachs has identified five companies, including Century Internet, as strong investment opportunities in the Asia-Pacific region [1] - Century Internet is transitioning from traditional retail IDC operations to high-growth wholesale IDC operations, benefiting from increasing AI investments [1] - The company is expected to enter a phase of accelerated revenue and EBITDA growth in the coming years, presenting a compelling investment opportunity for investors [1]

这种巨量投入和"不能落后一步"的紧迫感也暗示着，谁在大模型和应用生态中占领先机，就可能获得类 似优势。 近阶段，华尔街各大投行纷纷上调超大规模云服务提供商（CSP）的资本支出，人工智能（AI）浪潮的 竞赛滚滚来袭。 报告显示，摩根士丹利的分析师预测，到2027年，AI超大规模云服务提供商的资本支出与销售额比率 将达到26%，接近互联网泡沫时期32%的峰值，并超过页岩气开采热潮时期的水平。市场共识认为， 2025年、2026年、2027年AI赋能企业的资本支出将分别达4500亿美元、5200亿美元和5400亿美元。此 外，已披露但尚未启动的承诺租赁付款额还超过3350亿美元。 尽管泡沫论不胫而走，但各界并不认同，更确切地说，这是一场科技领域里的"军备竞赛"。各大科技巨 头（微软、谷歌、亚马逊、Meta、甲骨文等）加大资本开支，特别是在GPU采购、数据中心、电力上 的投入。这种巨量投入和"不能落后一步"的紧迫感也暗示着，谁在大模型和应用生态中占领先机，就可 能获得类似"战略武器"的优势。大模型训练成本极高，导致只有头部云服务商和AI公司能负担，早期积 累的模型质量、用户数据和算力规模会形成"马太效应"，输家难以翻 ...

数据中心行业发展相关政策支持力度不断加大，从国家到地方都出台了一系列政策。这些政策涵盖了数据中心的布局优化、绿色发展、技术升级、融资渠道 等多个方面，为数据中心行业的健康、快速发展提供了有力的保障，推动行业朝着集约化、规模化、绿色化、智能化的方向不断前进。 数据中心是一种集IT基础设施、电力系统、制冷系统、网络设备、安全防护系统于一体的物理设施，用于集中存储、处理、管理和传输大量数据。其核心目 标是为企业、组织或个人提供稳定、可靠、安全的数据服务，支撑云计算、大数据分析、人工智能、物联网等各类数字化业务的运行。 本文节选自华经产业研究院发布的《2025年全球及中国数据中心行业现状分析与发展前景展望，数据处理实时性要求推动边缘数据中心兴起「图」》，如需 获取全文内容，可进入华经情报网搜索查看。 在数字化浪潮席卷各行业的当下，国内数据中心市场蓬勃发展。受5G、云计算、人工智能等新兴技术崛起，以及各行业数字化转型加速的驱动，2023年国 内数据中心市场规模强势增长至5078.3亿元。 | 数据中心行业主要产业政策 | | | | | --- | --- | --- | --- | | 政策名称 | 发布里位 | 发 ...

转自：证券时报 人民财讯10月16日电，周三（10月15日），美股三大指数收盘涨跌不一，截至收盘，道指跌0.04%，纳 指涨0.66%，标普500指数涨0.4%，热门科技股多数上涨，AMD涨超9%，英特尔涨超4%，谷歌、博通 涨超2%，特斯拉涨超1%。纳斯达克中国金龙指数收涨1.7%，热门中概股多数上涨，新东方涨超10%， 世纪互联涨超4%，哔哩哔哩涨超2%，阿里巴巴、小鹏汽车、百度、京东涨超1%，爱奇艺跌超3%。 ...

Market Performance - The three major U.S. stock indices collectively rose, with the Dow Jones up 0.6%, S&P 500 up 1%, and Nasdaq up 1.32% [1] - The Philadelphia Semiconductor Index surged over 3%, with notable gains from companies like Supermicro (up over 8%) and Kioxia (up over 6%) [2] Technology Sector Highlights - Apple officially launched its M5 chip, which utilizes a third-generation 3nm process, achieving over four times the peak performance in AI computing compared to the previous M4 chip [2] - The M5 chip is now integrated into the new 14-inch MacBook Pro, iPad Pro, and Apple Vision Pro, with pre-orders already open [2] Chinese Stocks Performance - The Nasdaq Golden Dragon China Index rose over 2%, with significant increases from New Oriental and WeRide, both up over 7% [3] - Major Chinese tech stocks like Alibaba, JD.com, and Baidu also saw gains of over 2% [3] Commodity Market - Spot gold prices exceeded $4,210 per ounce, marking a new historical high with a year-to-date increase of over 60% [5] - Spot silver prices broke through $53 per ounce, also reaching a new historical high [5] Cryptocurrency Market - Bitcoin rose to $113,451.1, with a 24-hour increase of 1.35%, while Ethereum reached $4,202.2, up 5.18% in the same period [6]

Technology - Hardware Albert Hung AC (886-2) 2725-9875 albert.hung@jpmchase.com J.P. Morgan Securities (Taiwan) Limited/ J.P. Morgan Securities (Asia Pacific) Limited/ J.P. Morgan Broking (Hong Kong) Limited J P M O R G A N Asia Pacific Equity Research 12 October 2025 Taiwan ODMs Largely in-line 3Q revenue, stronger GPU server ramp in 4Q Most Taiwan server ODMs reported largely in-line 3Q25 revenues. General server shipment momentum took a pause in 3Q25 post tariff-driven inventory pre-build in 1H25. Nvidia ...

Core Points - The Guangxi Zhuang Autonomous Region government has signed a strategic cooperation agreement with Beijing Century Internet Broadband Data Center Co., Ltd. and the Zhongguancun Super-Interconnection New Infrastructure Industry Innovation Alliance [2] - The collaboration will focus on artificial intelligence new infrastructure, green energy, and computing power integration [2] - The partnership aims to promote the establishment of the China-ASEAN Artificial Intelligence Innovation Cooperation Center [2]

(一)重要市场新闻 1、美股三大指数收盘涨跌不一，道指涨0.44%，纳指跌0.76%，标普500指数跌0.16%，大型科技股多数 下跌，英伟达跌超4%，博通跌超3%，特斯拉、亚马逊跌超1%；英特尔跌超4%，Strategy、Coinbase等 跌超4%，美光科技、Arm等跌超2%；沃尔玛百货收涨5%，创收盘历史新高。纳斯达克中国金龙指数跌 1.95%，中概股普遍下跌，蔚来跌超5%，百度跌超4%，哔哩哔哩跌超3%，世纪互联、阿里巴巴、小鹏 汽车等跌超2%。 2、美联储鲍威尔周二警告称，美国劳动力市场显示出进一步的困境迹象，暗示他可能准备支持本月晚 些时候再次降息。鲍威尔指出："就业的下行风险已经上升。"这是迄今为止最强烈的暗示，表明美联储 官员认为他们有足够的证据支持将美国借贷成本再次下调25个基点。鲍威尔还表示，美联储可能即将结 束长期以来缩减其资产负债表的努力，即广为人知的量化紧缩政策。考虑到美联储长期以来的目标是在 金融体系中留下足够的流动性，以便牢牢控制短期利率和正常的货币市场波动，鲍威尔说，"我们可能 在未来几个月接近这一点，我们正在密切关注一系列指标，以了解这一目标是否已经实现"。 3、现货黄金涨0 ...