智通财经APP获悉，东吴证券发布研报称，Counterpoint Research预计，2026年Q1存储价格还将上涨 40%至50%，Q2继续上涨约20%。供需端视角上，供给侧硬件成本提升，需求侧AI Agent爆款不断推陈 出新，全球大厂纷纷下场，云作为AI的基础设施，海外大厂谷歌(GOOGL.US)和亚马逊(AMZN.US)已经 开始涨价，为多年来首次。随着春节临近，国内AI应用需求逐步提升，国内云厂也会提价，AI云产业 链有望引来投资机会。 东吴证券主要观点如下： 海外大厂云已经开始涨价 光纤涨价不断。在中国市场，G.652.D光纤价格相较于2025年11月大幅上涨约80%。2026年1月，该类型 单模光纤价格更是创下近七年新高，平均价格突破40元/芯公里，部分厂商报价甚至高达50元/芯公里， 仅一个月内涨幅就超过75%。 相关标的 算力租赁厂商：宏景科技(301396.SZ)、协创数据(300857.SZ)等。云厂商：网宿科技(300017.SZ)、优刻 得-W(688158.SH)、青云科技(688316.SH)、阿里巴巴-W(09988)等。CPU：澜起科技(688008.SH)、海光 信息(6 ...

Group 1 - The top 20 stocks with significant capital inflow as of February 2 include Zhongchao Holdings (1.435 billion), Shenghong Technology (676 million), and Xibu Materials (601 million) [1] - Zhongchao Holdings experienced a price increase of 9.96%, while Shuangjie Electric saw a notable rise of 16.58% [2] - The sectors represented among the top inflow stocks include power grid equipment, electronic components, and the liquor industry [2][3] Group 2 - Other notable stocks with significant inflows include Guizhou Moutai (5.46 billion), Baobian Electric (5.45 billion), and Zhejiang Wenlian (5.36 billion) [1] - The banking sector is represented by Industrial and Commercial Bank of China, which had an inflow of 348 million [3] - The highest percentage increase in stock price was observed in Tongguang Cable, which rose by 20% [3]

Group 1 - The A-share market experienced a pullback, with sectors like liquor, power grid equipment, and banking performing well, while others retreated [1] - The AI application sector showed mixed results, with companies like Liou Co. and Zhejiang Wenhu gaining, while BlueFocus and Yidian Tianxia saw significant declines [1] - The software ETF Huaxia (159256) held shares in Runze Technology, which surged over 4%, with trading volume exceeding 90 million, the highest in its index [1] Group 2 - Tencent's AI assistant "Yuanbao" has rapidly climbed the rankings in major app stores, reaching first place in Huawei's app store and second in Apple's free app list in China [1] - "Yuanbao" has initiated a new version beta test and plans to launch a Spring Festival event on February 1, distributing a total of 1 billion yuan in cash red envelopes [1] - Open Source Securities noted that major companies like Tencent and Baidu are investing tens of billions in red envelope promotions for AI applications during the Spring Festival, leveraging the unique social ties of the holiday for AI adoption [1] - The AI social interaction is shifting from "single dialogue" to "group interaction," with "Yuanbao" integrating with WeChat/QQ to reduce cold start costs for AI [1] - This "social + AI" model is expected to rapidly accumulate user profile data, enhancing the model's ability to recognize social intentions, leading to high user retention and commercial barriers over the long term [1] Group 3 - The software industry plays a crucial role in the AI industry chain, primarily situated in the midstream technology layer and downstream application layer [2] - In the midstream, the software industry provides AI frameworks, development platforms, and algorithm models, which are foundational for AI application development [2] - In the downstream, the software industry drives the implementation of AI applications by integrating AI technology with various industries [2] - Related products include the创业板软件ETF华夏 (159256), 创业板200ETF华夏 (159573), and 人工智能AIETF (515070) [2]

华源证券指出，目前AI仍是全球产业叙事中最重要的方向之一，大厂AI产品进度仍是核心，AI入口竞 争后续会持续演绎，手机端侧（苹果等）、超级APP（微信、抖音等）和垂直AI平台（类似豆包、元 宝、千问、智谱等）将从不同维度持续推进AIAgent入口用户层面的教育和圈定，同时通过不同方式完 成应用层生态的连接和统一。建议重视产品落地且有收入结构的应用方向。 截至2026年2月2日 14:17，中证人工智能主题指数(930713)成分股方面涨跌互现，新易盛领涨6.65%，润 泽科技上涨3.87%，三六零上涨3.46%；北京君正领跌。AI人工智能ETF(512930)最新报价2.34元，盘中 换手4.5%，成交1.52亿元。 消息面上，阿里加入春节档红包大战，千问APP宣布投入30亿启动"春节请客计划"，将于2月6日正式上 线。春节期间，千问App将联合淘宝闪购、飞猪、大麦、盒马、天猫超市、支付宝等阿里生态业务，以 免单形式请全国人民在春节期间吃喝玩乐。此前腾讯元宝上线春节红包活动，当日腾讯元宝已超过字节 跳动旗下豆包升至第一名。 数据显示，截至2026年1月30日，中证人工智能主题指数(930713)前十大权重股分 ...

Core Insights - The main focus of the news is the significant inflow of capital into various stocks, indicating strong investor interest and potential market trends. Group 1: Stock Performance and Capital Inflow - Zhongchao Holdings saw a capital inflow of 1.369 billion, with a price increase of 9.96% [1][2] - Xinyi Technology experienced a capital inflow of 838 million, with a price increase of 7.26% [1][2] - Western Materials had a capital inflow of 765 million, with a price increase of 9.99% [1][2] - Shenghong Technology attracted 731 million, with a price increase of 2.35% [1][2] - Liou Co. received 722 million, with a price increase of 7.3% [1][2] - Kweichow Moutai had a capital inflow of 576 million, with a price increase of 1.53% [1][2] - Luxshare Precision saw a capital inflow of 566 million, with a price increase of 1.84% [1][2] - Zhejiang Wenhu Interconnect attracted 551 million, with a price increase of 9.99% [1][2] - Shuangjie Electric received 522 million, with a price increase of 19.97% [1][2] - Yaowang Technology had a capital inflow of 496 million, with a price increase of 10% [1][2] - China Western Electric attracted 482 million, with a price increase of 8.97% [1][3] Group 2: Additional Stock Insights - Runze Technology saw a capital inflow of 464 million, with a price increase of 5.44% [3] - Baobian Electric attracted 454 million, with a price increase of 10.04% [3] - Zhongkong Technology had a capital inflow of 355 million, with a price increase of 4.01% [3] - Shanziko High-Tech received 342 million, with a price increase of 3% [3] - Huanghe Xuanfeng attracted 340 million, with a price increase of 10.08% [3] - Hancable saw a capital inflow of 332 million, with a price increase of 9.94% [3] - Midea Group had a capital inflow of 314 million, with a price increase of 0.46% [3] - Century Huayun attracted 310 million, with a price increase of 1.32% [3] - Industrial and Commercial Bank of China saw a capital inflow of 303 million, with a price increase of 0.97% [3]

Investment Rating - The report maintains an "Overweight" investment rating for the computer industry [1] Core Insights - Cloud service providers like Google Cloud and Amazon Web Services have announced price increases, marking a significant shift in the market [5][10] - The demand for AI Agents is accelerating, with notable growth in applications and user engagement [11][13] - Supply-side pressures are leading to rising hardware costs, including storage and CPU prices [16] - The report suggests that the upcoming Chinese New Year will boost domestic AI application demand, potentially leading to further price increases in cloud services [17] Summary by Sections Price Increases by Major Cloud Providers - Google Cloud announced price hikes effective May 1, 2026, with data transfer costs in North America increasing from $0.04/GB to $0.08/GB (100% increase), Europe from $0.05/GB to $0.08/GB (60% increase), and Asia from $0.06/GB to $0.085/GB (42% increase) [10] - Amazon Web Services raised prices for its EC2 machine learning capacity blocks by approximately 15% [10] Demand Side: Acceleration of AI Agent Adoption - The rapid growth of AI Agents is exemplified by the success of Moltclaw, which has seen exponential user growth [11] - Google has integrated its Gemini 3 into Chrome, transforming it into a comprehensive AGI platform for 3.8 billion users [13] Supply Side: Hardware Price Increases - Storage prices are expected to rise by 40% to 50% in Q1 2026 and by about 20% in Q2 2026 [16] - Intel and AMD plan to increase server CPU prices by 10-15% due to high demand and limited supply [16] - Prices for G.652.D optical fibers in China have surged by approximately 80% compared to November 2025, with some prices exceeding 50 yuan per core kilometer [16] Investment Recommendations - The report identifies potential investment opportunities in the AI cloud industry, particularly as hardware costs rise and demand for AI applications increases [17] - Recommended companies include cloud service providers like Wangsu Science and Technology, Yike Technology, and Alibaba, as well as CPU manufacturers like Lianqi Technology and Longxin Zhongke [18][19][20]

Investment Rating - The report maintains an "Overweight" investment rating for the computer industry [1] Core Insights - The report highlights that major cloud providers like Google and Amazon have begun to raise prices, indicating a shift in the market dynamics [5][10] - The demand for AI Agents is accelerating, with significant growth in user engagement and application development [11][13] - Supply-side pressures are leading to price increases in hardware components, including storage and CPUs, which are expected to continue into 2026 [16] Summary by Sections Price Increases by Major Cloud Providers - Google Cloud announced a price increase effective May 1, 2026, with data transmission costs in North America rising from $0.04/GB to $0.08/GB (100% increase), Europe from $0.05/GB to $0.08/GB (60% increase), and Asia from $0.06/GB to $0.085/GB (approximately 42% increase) [10] - Amazon Web Services (AWS) raised prices for its EC2 machine learning capacity blocks by about 15%, with specific instance costs increasing from $34.61 to $39.80 per hour [10] Demand Side: Acceleration of AI Agent Deployment - The report notes the rapid growth of AI Agents, particularly with the success of Moltclaw, which has seen exponential user growth [11] - Google's integration of Gemini 3 into Chrome browsers signifies a major advancement, potentially transforming 3.8 billion users' browsers into comprehensive AGI access points [13] Supply Side: Hardware Price Increases - Storage prices are projected to rise by 40% to 50% in Q1 2026 and by approximately 20% in Q2 2026, as per Counterpoint Research [16] - Intel and AMD are expected to increase server CPU prices by 10-15% due to high demand and limited supply [16] - Fiber optic prices in China have surged by approximately 80% compared to November 2025, with some prices exceeding 50 yuan per core kilometer [16] Investment Recommendations - The report suggests that rising hardware costs combined with increasing demand for AI applications present significant investment opportunities in the AI cloud industry [17] - Recommended investment targets include computing rental firms like Hongjing Technology and cloud service providers such as Wangsu Technology and Alibaba [18][19]

Group 1 - AI companies are engaged in aggressive marketing during the Spring Festival, leading to increased demand for computing power [2][3] - Tencent's AI application, Yuanbao, experienced a temporary service disruption due to a surge in user traffic, but has since recovered [2] - Other AI firms, including Baidu and Alibaba, have launched significant cash red envelope campaigns, with Baidu offering a total of 500 million yuan and Alibaba investing 3 billion yuan in its promotions [2] Group 2 - The A-share computing power leasing sector saw notable stock price increases, with companies like Qunxing Toys and Litong Electronics hitting their daily price limits [3] - The marketing efforts by AI companies are driving traffic growth and drawing attention to the computing power segment that supports AI applications [3]

2026.02. 02 本文字数：846，阅读时长大约1分钟 作者 | 第一财经 郑栩彤 AI厂商激战春节"营销档"，带来算力需求增长。 2月2日凌晨，第一财经记者在腾讯元宝看到，从领现金红包页面进入"每日做任务"一栏，点击用"春节模版做同款"等任务后，元宝多次出现"已暂停生 成"字眼，并未如往常一般生成回答。2月2日上午，记者再使用腾讯元宝，不再出现生成失败的情况。 微信编辑 | 苏小 第一财经持续追踪财经热点。若您掌握公司动态、行业趋势、金融事件等有价值的线索，欢迎提供。 专用邮箱：bianjibu@yicai.com （注：我们会对线索进行核实。您的隐私将严格保密。） 金价蹦极，行情结束还是"倒车接人"？机构紧急研判！ 推荐阅读 2月2日，就腾讯元宝"崩了"一事，腾讯回应称，是瞬时流量激增，部分服务出现短暂不稳定，目前已恢复。 腾讯面向大众用户的C端AI应用目前正在开展春节活动。自2月1日起，用户可以在元宝App上分10亿元现金红包，用户有概率抽中限量100张的价值1万 元现金的"小马卡"。春节活动开启后，腾讯元宝的热度迅速攀升，记者看到，腾讯元宝已位列苹果商店免费App排行榜第一，超过字节旗下的豆包。 ...

AI厂商激战春节"营销档"，带来算力需求增长。 其他AI厂商也开启春节营销。百度宣布启动2026马年春节红包活动，总金额达5亿元，单个红包最高奖励1万元。字节跳动旗下火山引擎此前宣布成为2026 年春晚独家AI云合作伙伴。今日阿里旗下AI应用千问又宣布投入30亿元，由千问联合淘宝闪购、飞猪、盒马等阿里生态业务，以免单形式请用户消费。 AI厂商集体营销，抢夺AI入口主导权，开始带来流量增长，支撑AI应用运行的算力板块也受到关注。 今日早盘，A股算力租赁概念异动拉升。早盘群兴玩具（002575.SZ）、利通电子（603629.SH）涨停，亚康股份（301085.SZ）涨14.23%，世纪恒通 （301428.SZ）涨3.98%、润泽科技（300442.SZ）涨6.39%、网宿科技（300017.SZ）涨6.76%、中富通（300560.SZ）涨6.57%。 2月2日，就腾讯元宝"崩了"一事，腾讯回应称，是瞬时流量激增，部分服务出现短暂不稳定，目前已恢复。 腾讯面向大众用户的C端AI应用目前正在开展春节活动。自2月1日起，用户可以在元宝App上分10亿元现金红包，用户有概率抽中限量100张的价值1万元现 金的"小马 ...