THIS IS "BALANCE OF POWER" LIVE FROM WASHINGTON, D. C. KAILEY: WELCOME TO "BALANCE OF POWER." I AM KAILEY LEINZ.WHATEVER IT TAKES. STRIKES CONTINUE FOR A THIRD DAY. PRESIDENT TRUMP SIGNALING THE CAMPAIGN COULD STRETCH BEYOND EXPECTATIONS.PRESIDENT TRUMP: FROM THE BEGINNING, WE PROJECTED FOUR TO FIVE WEEKS BUT WE HAVE THE CAPABILITY TO GO FAR LONGER AND WE WILL DO IT. TODAY, SOMEBODY SAID THE PRESIDENT WANTS TO DO IT QUICKLY, AFTER THAT HE WILL GET BORED. I DON'T GET BORED.KAILEY: OIL SHOCKS ACROSS GLOBAL MA ...

Core Insights - The company is excited about a long-term partnership with NVIDIA, which has resulted in a multibillion-dollar purchase commitment [1] Group 1: Partnership and Investment - The partnership with NVIDIA has been in development for many years, culminating in significant investment and purchase commitments [1] - The company has been collaborating with NVIDIA on its laser roadmap, indicating a strong alignment in technological development [1] Group 2: Product Differentiation - The company has been developing high-powered lasers for optical scaling, which they believe have significant differentiation in the market [2] - The company claims advantages in reliability over the 400-milliwatt high-powered laser, which is a key product in their portfolio [3]

目 录 | | 每日报告精选（2026-02-27 09:00——2026-03-02 15:00） 3 | | | --- | --- | --- | |  | 宏观周报：《节后生产修复》2026-03-01 3 | | |  | 宏观周报：《中东冲突再起，通胀苗头初现》2026-03-01 3 | | |  | 策略专题报告：《资源品普涨与 Token 出海新叙事》2026-03-02 4 | | |  | 策略周报：《稳定是如今中国股市的底色》2026-03-01 5 | | |  | 策略观察：《资产概览：中东紧张局势推升贵金属/原油价格》2026-03-01 6 | | |  | 策略观察：《春节旅游景气提升，科技和资源涨价》2026-02-28 7 | | |  | 行业跟踪报告：钢铁《第一批引领性钢企公布》2026-03-02 8 | | |  | 行业周报：物流仓储《中蒙业务复苏，物流春意渐浓》2026-03-01 9 | | |  | 行业专题研究：海运《中东局势再度升级，关注油运灰色市场变化》2026-03-01 9 | | |  | 行业专题研究：基础化工《PVC 长 ...

目 录 | | 每日报告精选（2026-02-27 09:00——2026-03-02 15:00） 3 | | | --- | --- | --- | |  | 宏观周报：《节后生产修复》2026-03-01 3 | | |  | 宏观周报：《中东冲突再起，通胀苗头初现》2026-03-01 3 | | |  | 策略专题报告：《资源品普涨与 Token 出海新叙事》2026-03-02 4 | | |  | 策略周报：《稳定是如今中国股市的底色》2026-03-01 5 | | |  | 策略观察：《资产概览：中东紧张局势推升贵金属/原油价格》2026-03-01 6 | | |  | 策略观察：《春节旅游景气提升，科技和资源涨价》2026-02-28 7 | | |  | 行业跟踪报告：钢铁《第一批引领性钢企公布》2026-03-02 8 | | |  | 行业周报：物流仓储《中蒙业务复苏，物流春意渐浓》2026-03-01 9 | | |  | 行业专题研究：海运《中东局势再度升级，关注油运灰色市场变化》2026-03-01 9 | | |  | 行业专题研究：基础化工《PVC 长 ...

Geopolitical Impact on Markets - The U.S. and Israel launched a coordinated air attack against Iran, ending Ayatollah Ali Khamenei's 36-year rule, which was anticipated by the markets [1] - Despite the attack, stocks rose on Monday, indicating that markets often discount future events [2] - Defense stocks and drone manufacturers, such as Red Cat Holdings, experienced strong rallies due to the military buildup in the Middle East [3] Military Operation Success - The military operation against Iran has been largely successful, with significant leadership losses for Iran and minimal U.S. casualties [4] - The operation's efficiency has exceeded expectations, contributing to positive market sentiment [12] Investment Opportunities - Geopolitical conflicts can create buying opportunities for investors, as seen in the current market reaction [5] - AI infrastructure investments remain robust, with NVIDIA investing $2 billion in Lumentum and Coherent, highlighting the importance of optics in AI development [9] - Beaten-down sectors like software and Bitcoin are showing signs of recovery, with the iShares Software ETF approaching its 200-week moving average [10] Market Resilience - The market's reaction to geopolitical events demonstrates its predictive nature, with investors having already positioned themselves in energy and defense sectors prior to the strikes [12] - The ongoing investment in AI infrastructure continues to support a bullish outlook for the broader market [12]

| | | 投资摘要： 超节点与 Scale-up 网络是突破算力与通信瓶颈、支撑万亿级大模型与高实时性应用的关键基础设施。本篇 超节点与 Scale up 网络行业深度报告，详细研究英伟达、谷歌、AMD 以及华为四家头部 AI 算力芯片厂商 在此领域的布局进展以及各自优势。我们认为，超节点与 Scale-up 网络正处于快速发展期，并将成为算力 芯片、网络部件（PCB 板、交换芯片、光器件、高速铜缆）、存储部件、供电和散热设施部件等新兴技术 的重要应用市场。 超节点与 Scale up 网络行业：谷歌、AMD、 国产超节点持续发力，打破英伟达独大格 局 2026 年 3 月 2 日 看好/维持 通信 行业报告 （1）英伟达：超节点领先优势建立在 NVLink 和 NVLink Switch。 在超节点技术方案上，英伟达处于领先优势。2024-2025年，英伟达陆续推出GH200 NVL72、GB200/ GB300 NVL72 等成熟超节点解决方案。根据大摩预测，2025 年英伟达 GB200/300 NVL72 出货量约 2800 台。展 望 2026-2027 年，英伟达计划推出 Vera Rubin ...

JIMCRAMER. MAYBE THE WAR WITH IRAN DOESN'T MATTER TO THE MARKET AS LONG AS THERE'S NO REAL IMPACT ON OUR POCKETBOOKS. MAYBE THE MIDDLE EAST JUST ISN'T AS IMPORTANT AS IT USED TO BE.ECONOMICALLY SPEAKING NOW THAT WE'RE A NET EXPORTER OF FOSSIL FUELS. OR MAYBE STOCKS DID FINE TODAY BECAUSE THERE'S OPTIMISM FOR A QUICK DEFINITIVE WIN. AND WE CAN GO BACK TO NORMAL INVESTING.YOU KNOW WHAT I THINK IT'S A BIT OF ALL THREE, WHICH IS HOW WE GOT A MUCH BETTER DAY THAN ANYONE COULD HAVE EXPECTED. WITH THE DOW DIPPING ...

Maybe the war with Iran doesn't matter to the market as long as there's no real impact on our pocketbooks. Maybe the Middle East just isn't as important as it used to be economically speaking. Now that we're a net exporter of fossil fuels or maybe stocks did fine today because there's optimism for a quick definitive win and we can go back to normal investing.You know what. I think it's a bit of all three, which is how we got a much better day than anyone could have expected with the Dow dipping 73 points, S ...

美股三大指数收盘涨跌不一，道指跌0.15%，标普500指数涨0.04%，纳指涨0.36%。大型科技股多数上涨，英伟达涨约3%，微软涨超1%，苹果、特斯拉、奈 飞、Meta小幅上涨；谷歌跌超1%，英特尔、亚马逊小幅下跌。美股加密货币概念股走高，Figure涨超17%，Circle涨超15%，Strategy涨超6%。 纳斯达克金龙中国指数收跌1.08%，热门中概股里，金山云收跌4.9%，再鼎医药、小米跌4.1%，文远知行、美团、唯品会、万国数据至多跌3.6%，晶科能源 涨2.1%，贝壳涨2.2%，比亚迪涨5%，奇富科技涨5.8%，斗鱼涨7.2%。 ...

【导读】美股涨跌不一，黄金原油飙升，能源股普涨 中国基金报记者 赵刚 综合整理 美国总统特朗普表示，如果伊朗下一任领导人表现得务实，他可能会解除对伊朗的制裁。特朗普称，针 对伊朗的行动"远超原定计划进度"。 特朗普还表示，对伊朗的军事行动可能持续四周左右。美国中央司令部称美军实施大规模打击行动已摧 毁伊朗伊斯兰革命卫队总部。 美国国防部长赫格塞思否认了对伊战争将演变成特朗普连任时誓言要避免的那种"无休止冲突"的观点， 并表示"我们这一代人更清楚其中的利害"。 Miller Tabak + Co．首席市场策略师Matt Maley指出，股指收平表明投资者低估了伊朗冲突所带来的市 场风险，特别是在近期其他不利因素致使股市承压的情形下。 原油、黄金价格飙升 原油价格周一跃升逾6%，市场参与者担心美国和伊朗之间的战争将失控并导致重大供应中断。伊朗是 欧佩克第四大产油国。 美东时间3月2日（周一），美股涨跌不一，原油黄金飙升，能源股普遍上涨。航空股多数下跌，马士基 暂停部分中东地区订舱。英伟达将向两家光子技术公司投资40亿美元。 美股涨跌不一 道指跌73.14点，跌幅为0.15%，报48904.78点；纳指涨80.65 ...