3. Kakao与 【东北计算机】202602012 【存储巨头铠侠全年利润指引高出共识60%，Q3净利润878.1亿日元】 1. 工信部公开征求《人工智能赋能应用钢板钢带轧制过程数据治理技术要求》等40项行业标准报批意见公示。 （来源：工信部） 2. 联想集团第三财季营收1575亿元创新高 人工智能相关营收占比提升至32%。 【东北计算机】202602012 【存储巨头铠侠全年利润指引高出共识60%，Q3净利润878.1亿日元】 1. 工信部公开征求《人工智能赋能应用钢板钢带轧制过程数据治理技术要求》等40项行业标准报批意见公示。 （来源：工信部） 2. 联想集团第三财季营收1575亿元创新高 人工智能相关营收占比提升至32%。 （来源：证券时报网） （来源：证券时报网） 3. Kakao与谷歌达成人工智能领域战略合作。 （来源：第一财经） 4. 三星宣称在向英伟达供货AI存储芯片竞赛中抢占先机。 （来源：环球市场播报） 5. AI应用软件股Fastly美股盘前涨逾38%。 （来源：Wind） 6. 淘宝闪购：来自千问的订单近半数在县城 超百万老人因AI首次下单。 （来源：亿邦动力） 7. 存储巨头铠侠全年 ...

2026年02月13日 国泰君安期货商品研究晨报-贵金属及基本金属 观点与策略 | 黄金：震荡反弹 | 2 | | --- | --- | | 白银：高位回落 | 2 | | 铜：海外扰动增强，价格承压 | 4 | | 锌：跟随宏观波动 | 6 | | 铅：国内库存增加，价格承压 | 8 | | 锡：节前控制持仓 | 9 | | 铝：小幅下跌 | 10 | | 氧化铝：偏弱运行 | 10 | | 铸造铝合金：跟随电解铝 | 10 | | 铂：受美股拖累下行 | 12 | | 钯：贵金属板块又见疲态，走势撤步 | 12 | | 镍：印尼与菲律宾消息博弈，镍价宽幅震荡 | 14 | | 不锈钢：二月检修减产频出，成本支撑重心上移 | 14 | 国 泰 君 安 期 货 研 究 所 请务必阅读正文之后的免责条款部分 1 期货研究 商 品 研 究 商 品 研 究 2026 年 2 月 13 日 产 业 服 务 研 究 所 刘雨萱 投资咨询从业资格号：Z0020476 liuyuxuan023982@gtjas.com 【基本面跟踪】 贵金属基本面数据 | | | 昨日收盘价 | 日涨幅 | 昨日夜盘收盘价 | 夜盘涨幅 ...

2026年02月13日 国泰君安期货商品研究晨报 观点与策略 | 黄金：震荡反弹 | 3 | | --- | --- | | 白银：高位回落 | 3 | | 铜：海外扰动增强，价格承压 | 5 | | 锌：跟随宏观波动 | 7 | | 铅：国内库存增加，价格承压 | 9 | | 锡：节前控制持仓 | 10 | | 铝：小幅下跌 | 11 | | 氧化铝：偏弱运行 | 11 | | 铸造铝合金：跟随电解铝 | 11 | | 铂：受美股拖累下行 | 13 | | 钯：贵金属板块又见疲态，走势撤步 | 13 | | 镍：印尼与菲律宾消息博弈，镍价宽幅震荡 | 15 | | 不锈钢：二月检修减产频出，成本支撑重心上移 | 15 | | 碳酸锂：周度库存去库，关注节前资金行为 | 17 | | 工业硅：关注下方空间 | 19 | | 多晶硅：关注节后现货成交情况 | 19 | | 铁矿石：需求预期转弱，震荡下行 | 21 | | 螺纹钢：宽幅震荡 | 22 | | 热轧卷板：宽幅震荡 | 22 | | 硅铁：偏弱震荡 | 24 | | 锰硅：宽幅震荡 | 24 | | 焦炭：宽幅震荡 | 26 | | 焦煤：宽幅震荡 ...

Core Viewpoint - The article highlights significant developments in the AI and technology sectors, including price adjustments by companies, substantial funding rounds, and new product launches that indicate a strong growth trajectory in the industry. Group 1: AI and Technology Developments - Zhiyu announced a structural price adjustment for its GLM Coding Plan, with an overall price increase starting from 30%, effective February 12, 2026, while maintaining prices for existing subscribers [2] - Anthropic completed a Series G funding round of $30 billion, achieving a post-money valuation of $380 billion, with annual revenue reaching $14 billion [2] - OpenAI launched its first AI model, GPT-5.3-Codex-Spark, running on Cerebras Systems chips to reduce dependency on Nvidia chips and lower operational costs [2] Group 2: Financial Performance and Investments - SoftBank Group reported a net profit of 248.59 billion JPY (approximately $1.6 billion) for Q3, significantly below market expectations, with a notable gain of $19.8 billion from its investment in OpenAI [3] - Xiechuang Data plans to procure servers worth up to 11 billion CNY to support its expansion in data centers and related businesses [3] Group 3: Company News in Greater China - MiniMax launched its flagship programming model MiniMax M2.5, designed for agent scenarios, competing with top international models [5] - Meitu announced a stock incentive plan for all employees to promote long-term growth [6] - Huahong Semiconductor achieved a record sales revenue of $659.9 million in Q4 2025, a year-on-year increase of 22.4% [7] Group 4: Company News in the Americas - Microsoft signed a memorandum of understanding with Saudi Aramco to advance industrial AI and digital talent transformation [9] - Meta announced a quarterly cash dividend and plans to invest over $10 billion in a large-scale AI data center in Indiana [9] - Amazon faced a tax investigation in Italy regarding potential tax evasion from 2019 to 2024 [10] Group 5: Company News in Asia-Pacific - Kioxia reported a net profit of 87.81 billion JPY for Q3, below market expectations, while projecting annual net sales between 2.18 trillion JPY and 2.27 trillion JPY [13] - Toyota is extending the acquisition period for a public offer to improve success rates and is collaborating with a Japanese oil giant to build a solid-state electrolyte factory [13] Group 6: Company News in Europe and Oceania - Mercedes-Benz adjusted its EBIT forecast for 2025 to €8.2 billion, a 40% decline year-on-year, with plans to launch over 15 new models in China by 2026 [16] - Nestlé is recalling specific batches of infant formula in China due to contamination concerns, with no confirmed cases of illness reported [18]

格隆汇2月13日｜存储巨头铠侠股价大涨15%，此前发布的全年利润指引远超预期。 ...

铠侠股价一度飙升15%，此前该公司发布的业绩展望超出预期。 来源：滚动播报 ...

来源：滚动播报 铠侠股价一度飙升15%。 ...

Market Dynamics - Precious metals experienced a sharp decline, with gold dropping over 4% and silver falling over 11%, reflecting ongoing market concerns about the disruptive impact of AI [1] - WTI crude oil futures fell by 2.77% to $62.84 per barrel, while Brent crude dropped by 2.71% to $67.52 per barrel, amid geopolitical tensions regarding Iran [1] Corporate Developments - China Shenhua's acquisition plan to purchase assets from its controlling shareholder has been approved, with a transaction value of approximately 133.6 billion yuan, and the company's market capitalization reaching 845.6 billion yuan [2] - Co-creation Data announced a procurement contract for servers worth up to 11 billion yuan, which will account for over 50% of the company's latest audited net assets [2] - OpenAI launched its new AI model, GPT-5.3-Codex-Spark, based on Cerebras Systems chips, aiming to compete in the AI programming assistant market [2] Investment Trends - Southbound funds recorded a net inflow of approximately 4.567 billion HKD, with over 50 billion HKD invested in ETFs this year, indicating strong interest in Hong Kong stocks [5] - Korean investors have shown significant interest in Hong Kong stocks, with notable purchases in various ETFs and tech companies [6] Industry Insights - The construction machinery sector is witnessing a recovery, with excavator sales increasing by 49.5% year-on-year, indicating improved economic activity and infrastructure investment [9] - The solid-state battery industry is accelerating, with major automakers planning to launch models using this technology by 2026-2027, potentially leading to a market size exceeding $120 billion by 2030 [10] Technological Advancements - A research team from Peking University has developed a high-performance quantum key distribution network, showcasing advancements in quantum technology [14] - Samsung Electronics has begun delivering its latest HBM4 chips, becoming the first company to mass-produce this technology [15]

Group 1 - Kioxia's annual performance forecast significantly exceeds market expectations, with revenue and net profit targets higher than analyst predictions by approximately 35% to 60% [1] - Demand for storage driven by AI computing power is becoming dominant, leading to a sustained shortage in storage [1] - In the DRAM sector, major cloud service providers (CSPs) in North America and China are actively negotiating long-term agreements for server DRAM supply, resulting in a projected price increase of about 90% in Q1, marking the highest increase on record [1] Group 2 - The market demand for high-performance storage devices is expected to exceed forecasts due to the expansion of AI inference applications, with major CSPs in North America starting to ramp up orders for Enterprise SSDs from the end of 2025 [2] - The supply gap is prompting buyers to aggressively stock up, leading to a projected price increase of 53-58% for Enterprise SSDs in Q1 2026, the highest quarterly increase on record [1][2] - Financial Street Securities anticipates that the trend of tight storage capacity will continue into 2026, with domestic manufacturers like "Two Storage" having sufficient motivation to expand production, benefiting the domestic storage industry chain [2] Group 3 - Zhaoyi Innovation, a global leader in NOR Flash, is expanding into niche DRAM and MCU markets, accelerating its growth in automotive electronics and AI terminal markets [3] - Daway Co., Ltd. has a subsidiary, Daway Chuangxin, whose main products include various DRAM products (DDR3, DDR4, LPDDR4X, DDR5) and NAND Flash products (eMMC, BGA NAND Flash) [3]

Group 1 - US stock market experienced a significant decline, with the Nasdaq dropping over 2% and Cisco falling more than 12%, while the Chinese concept index decreased by 3% [2] - South Korean investors aggressively purchased Chinese stocks, notably MiniMax-WP and Lanke Technology [2] - The storage giant Kioxia's annual performance forecast exceeded expectations [2] Group 2 - The Ministry of Industry and Information Technology of China is soliciting opinions on five mandatory national standards related to intelligent connected vehicles and autonomous driving system safety requirements [2] - The Chinese smartphone sales in January saw a year-on-year decline of 23% [2] - Semiconductor company Hua Hong Semiconductor reported Q4 sales revenue of $660 million, marking a year-on-year increase of 22.4% and a quarter-on-quarter increase of 3.9% [2][3]