美国政府关门进入倒计时阶段，美股扛住政府关门引发经济不确定性的风险，三大股指盘中惊险转涨，9月全月和三季度继续累涨。黄金在美联储降息预期 和政府关门风险助推下继续创盘中历史新高，9月两位数大涨。 直到周二美股收盘，美国国会两院还没有彻底通过任何至少短期内维持政府支出的法案，美股大盘全天承压。数据显示美国劳动力市场疲软，美债、美元和 黄金均有明显反应。 美股盘前，周一美国总统特朗普和两党国会领袖在白宫会晤后，美国副总统万斯称他认为正走向政府关门。如果政府关门，劳工部统计局将停止发布经济数 据，美联储将缺少制定利率路径的关键数据。三大美股指集体低开。 美股盘前，媒体称OPEC+考虑未来三个月加大增产力度，每月增产约50万桶/日，原油盘中跌超2%。临近美股午盘，OPEC+否认此消息，原油盘中收窄过半 跌幅。 美股早盘公布的8月美国JOLTS职位空缺数从7月上修后的721万微增至723万，同时招聘减少，与劳动力市场疲软的趋势一致，让美联储可能有理由下月继续 降息。数据公布后，美国国债价格上行、收益率刷新日低，美元指数跌幅扩大，黄金盘中转涨。 美股盘中，特朗普警告，确实可能政府关门，那将有"不可逆转的"裁员和民主党青睐 ...

女声普通话版 下载mp3 西南方言版 下载mp3 东北话版 下载mp3 上海话版 下载mp3 今日优选 美国劳工部：若政府出现停摆，将暂停发布每周失业救济金申请报告 旨在避免美国政府停摆的民主党拨款法案未在参议院通过 美联储古尔斯比：不希望基于当前通胀是暂时性的预期而提前降息 欧佩克驳斥有关即将召开会议的误导性媒体报道 OpenAI宣布推出音视频生成模型Sora 2 国家统计局：9月份中国制造业采购经理指数为49.8% 央行：10月9日将开展11000亿元买断式逆回购操作，期限为3个月 市场盘点 周二，因美国劳动力数据不及预期及政府关门风险加剧，美元指数延续下行，盘中一度跌至97.63的日内低点，最终收跌0.12%，报97.82。基准的10年期美 债收益率收报4.152%，对美联储政策利率敏感的2年期美债收益率收报3.617%。 现货黄金日内上演V型走势，其在欧盘前一度将历史新高刷新至3870美元上方，但随后迅速回落下杀超70美元，美盘时段多头再度发力，收复全部失地并重 返历史新高附近，最终收涨0.64%，收报3858.23美元/盎司；现货白银盘中一度冲上47美元，但未能站稳在此处上方，最终收跌0.59%，报 ...

(本文来自第一财经) 来源：第一财经 美股周二收盘，道指收涨0.18%，标普500指数涨0.41%，纳指涨0.30%。三季度，标普500指数涨 7.79%，纳指涨11.24%，道指涨5.22%。英伟达(NVDA.O)涨2.6%，台积电(TSM.N)涨2.2%， Coreweave(CRWV.O)涨11.7%，UiPath(PATH.N)涨6.5%。谷歌母公司Alphabet(GOOG.O)三季度累计上涨 38%，创2005年以来最佳单季表现。 ...

尽管合作传闻不断，台积电始终保持着谨慎态度。分析人士指出，台积电可能不愿与拥有自己晶圆代工 业务的芯片制造商合作，因为Intel本质上是一个潜在的竞争对手。此外，英特尔当前面临的复杂经营状 况也是台积电犹豫合作的重要因素。 周二，英特尔(INTC.US)跌近3%，报33.46美元。消息面上，据报道，台积电近日正式否认了与英特尔 就投资或合作事宜进行谈判的传闻，这已是台积电再次对相关合作传闻予以否认。此前市场曾有消息 称，英特尔正积极寻求与台积电建立合作或获得其投资，同时英特尔也在与苹果等科技巨头探讨合作可 能性。这一消息引发业界对全球芯片产业格局可能发生重大变化的关注。 ...

尽管合作传闻不断，台积电始终保持着谨慎态度。分析人士指出，台积电可能不愿与拥有自己晶圆代工 业务的芯片制造商合作，因为Intel本质上是一个潜在的竞争对手。此外，英特尔当前面临的复杂经营状 况也是台积电犹豫合作的重要因素。 智通财经APP获悉，周二，英特尔(INTC.US)跌近3%，报33.46美元。消息面上，据报道，台积电近日正 式否认了与英特尔就投资或合作事宜进行谈判的传闻，这已是台积电再次对相关合作传闻予以否认。此 前市场曾有消息称，英特尔正积极寻求与台积电建立合作或获得其投资，同时英特尔也在与苹果等科技 巨头探讨合作可能性。这一消息引发业界对全球芯片产业格局可能发生重大变化的关注。 ...

Group 1: Chip Sector Performance - The chip stocks collectively surged in the morning, with Demingli (001309) hitting the daily limit within a minute of opening, and several other stocks also reaching their limits [1] - The storage chip sector led the gains, with the index rising over 3% to reach a historical high, while major companies like SMIC and others also set new records [7] - The rapid development of artificial intelligence has led to a supply-demand imbalance in storage chips, with Citigroup predicting shortages of 1.8% for DRAM and 4% for NAND flash by 2026 [9] Group 2: Nonferrous Metals Sector - Nonferrous metal stocks saw a strong performance, with the energy metals index rising nearly 6% to a two-year high, and several sub-sectors like nickel and lithium reaching historical highs [2][4] - The Ministry of Industry and Information Technology, along with eight other departments, issued a plan for the nonferrous metals industry, targeting an average annual growth of around 5% in value-added output from 2025 to 2026 [4] - The demand for nonferrous metals is increasing due to the rapid growth of emerging industries such as new energy vehicles and robotics, leading to price increases and shortages in certain varieties [5] Group 3: Price Trends and Forecasts - Cobalt prices in China have nearly doubled this year, rising from 169,000-171,000 yuan/ton to 325,000 yuan/ton by September 28 [6] - The silver market is expected to face a supply-demand gap for the fifth consecutive year, with a potential shortfall of about 4,000 tons [6] - Major storage chip manufacturers have announced price increases, with Samsung raising prices by 30% for certain memory products, while Micron expects first-quarter revenue to reach $12.2 billion to $12.8 billion, exceeding Wall Street forecasts [10]

Group 1: Market Overview - Chip stocks collectively surged in the morning, with Demingli (001309) hitting the daily limit within a minute of opening, alongside several other stocks reaching their limits [1] - The A-share market experienced slight fluctuations but showed a strong performance in technology stocks, with the Sci-Tech Innovation 50 index reaching a four-year high [1] Group 2: Sector Performance - The non-ferrous metals, chip, newly listed stocks, and aerospace equipment sectors led the gains, while communication equipment, oil and gas extraction, diversified finance, banking, and liquor sectors saw declines [2] Group 3: Non-Ferrous Metals Sector - Non-ferrous metal stocks saw a strong rally, with the energy metals sector index rising nearly 6%, reaching a two-year high, and several sub-sectors like nickel, industrial metals, and gold hitting historical highs [3] - The Ministry of Industry and Information Technology and other departments released a plan for the non-ferrous metals industry, targeting an average annual growth of 5% in value-added output from 2025 to 2026 [5] - The demand for non-ferrous metals is increasing due to the rapid development of new industries such as electric vehicles and robotics, leading to shortages and rising prices [6] Group 4: Chip Sector - The chip sector saw a significant increase, particularly in storage chips, with the index rising over 3% to reach a historical high [8] - Major storage chip manufacturers have raised prices, with Samsung increasing prices of certain memory products by 30% and Micron by 20%-30% [11] - The supply of DRAM and NAND flash is expected to face shortages, with Citigroup predicting a 1.8% and 4% shortfall respectively by 2026 [10]

Core Viewpoint - The digital economy sector is experiencing strong growth, driven by advancements in semiconductor technology, AI demand, and domestic production capabilities [1][2]. Group 1: Market Performance - As of September 30, 2025, the CSI Digital Economy Theme Index (931582) rose by 1.28%, with notable gains from stocks such as Zhaoyi Innovation (603986) up 5.85% and Deepin Technology (300454) up 4.19% [1]. - The Digital Economy ETF (560800) increased by 1.11%, with a trading volume of 3.29 million yuan and a turnover rate of 0.46% [1]. - Over the past month, the average daily trading volume of the Digital Economy ETF was 33.59 million yuan [1]. Group 2: Technological Advancements - The Wuhan National Information Optoelectronics Innovation Center achieved a significant breakthrough by launching a fully autonomous 12-inch silicon photonics solution, which has been deployed in over 40 domestic research institutions and enterprises [1]. - Global semiconductor foundry prices are experiencing significant fluctuations, with TSMC's 2nm process pricing up 50% compared to the previous 3nm process, and major players like Samsung and Micron raising DRAM and NAND flash prices by over 30% for certain models [1]. Group 3: Industry Insights - The semiconductor industry is showing robust performance, driven by AI computing demand, domestic substitution logic, and policy support [2]. - The digital chip sector is propelled by AI computing needs, while the semiconductor equipment sector benefits from AI data center demand and deepening domestic substitution [2]. - The CSI Digital Economy Theme Index includes companies involved in digital economy infrastructure and high digitalization applications, reflecting the overall performance of digital economy-related stocks [2]. Group 4: Key Stocks - As of August 29, 2025, the top ten weighted stocks in the CSI Digital Economy Theme Index accounted for 53.36% of the index, with notable companies including Dongfang Wealth (300059) and Cambricon (688256) [2].

Group 1 - The U.S. stock market showed mixed performance after a strong opening, with major tech stocks like Micron Technology and Nvidia seeing gains of over 4% and 3% respectively [1] - Chinese concept stocks collectively rose, with the Nasdaq Golden Dragon China Index increasing by over 2%, and notable gains from companies like Pony.ai and Alibaba, which rose by nearly 10% and over 4% respectively [3][4] - Gold stocks in the U.S. strengthened, with companies like Elysium Gold and Harmony Gold leading the gains, while spot gold prices surpassed $3,820 per ounce, setting a new historical high [4] Group 2 - Year-to-date, spot gold has set historical highs 37 times, with a cumulative increase of approximately 45%, outperforming all other major asset classes this year and marking the largest annual increase since 1979 [5] - The surge in gold prices has attracted significant global capital, with Bank of America reporting a record inflow of $17.6 billion into the gold market over the past four weeks [6] - In contrast to gold's strength, the U.S. dollar has declined by 9.7% since the beginning of 2025, primarily due to market concerns regarding the independence of the Federal Reserve and trade war prospects, which has fundamentally increased the value of gold priced in dollars [6]

Investment Rating - The report maintains a "Buy" rating for several companies in the semiconductor and AI sectors, including 德明利 (De Ming Li), 通富微电 (Tongfu Microelectronics), 北京君正 (Beijing Junzheng), 海光信息 (Haiguang Information), and 中芯国际 (SMIC) [12][22]. Core Insights - The storage chip industry is entering a new cycle, driven by rising prices and a shift towards higher-end products like DDR5 and HBM, as major manufacturers like Samsung and SK Hynix reduce DDR4 production [5][7]. - The AI infrastructure boom is significantly impacting the demand for storage solutions, with major investments from companies like OpenAI, which plans to invest over $400 billion in AI data centers over the next three years [7][20]. - The report highlights the emergence of a new era for domestic AI chips, with advancements in AI models and infrastructure, particularly from companies like 阿里巴巴 (Alibaba) and 摩尔线程 (Moore Threads) [8][10]. Summary by Sections Industry Performance - The electronic sector saw a 3.51% increase from September 22 to September 26, ranking third among major industries, with a current P/E ratio of 72.55 [27][31]. - The semiconductor equipment segment experienced the highest growth at 15.56% during the same period [31]. Storage Market Dynamics - The first price surge in storage began in April 2025, with significant price increases announced by major players like SanDisk and Micron, with price hikes of 10% to 30% expected [5][18]. - The DRAM price index has risen approximately 72% over the past six months, indicating strong upward momentum in the NAND market [5][18]. AI Chip Developments - 阿里云 (Alibaba Cloud) has significantly upgraded its AI infrastructure, achieving over 5x growth in AI computing power and 4x in AI storage over the past year [20]. - 摩尔线程 (Moore Threads) has successfully passed its IPO review, showcasing advancements in GPU architecture that support a wide range of applications, including AI and high-performance computing [21][10]. Key Companies and Forecasts - The report recommends focusing on companies such as 兆易创新 (Zhaoyi Innovation), 江波龙 (Jiangbolong), and 北京君正 (Beijing Junzheng) for potential investment opportunities due to their expected growth in the AI and storage sectors [7][10][12].