化工震荡走强，磷化工领涨，消息面上，2月18日，美国总统特朗普援引《国防生产法》签署行政命 令，将磷元素及草甘膦除草剂提升至国家安全优先事项，指出这两种物资的短缺将对国家安全构成直接 威胁。而作为其核心下游的农药同样开启涨价国家统计局数据显示，截至2月10日，尿素（小颗粒）市 场价为1783.8元/吨，较2025年年末上涨3.25%，较去年同期上涨5.24%；硫酸钾复合肥市场价为3458.9 元/吨，较去年同期上涨16.9%。此外，据Wind数据，2月24日磷酸一铵（55%粉状）市场价3850元/吨， 同比上涨16.67%，有望带动化工板块整体业绩回暖。 而随着AI算力需求的不断提升，有关于光通信上游材料价格也因此获益，玻纤概念延续强势，国际复 材再获20CM涨停，宏和科技、山东玻纤录得4天3板，光纤概念表现亮眼，长飞光纤再度涨停续创新 高，华脉科技、通鼎互联、长江通信等个股涨停。MLCC概念同样走强，风华高科一字涨停，三环集团 涨超16%，国瓷材料等同样涨幅居前。算力链在经历去年的反复演绎后，资金更偏好在上游细分中寻找 预期差，所以相较于基金核心重仓权重，近期产业链中市值偏小的二三线个股更容易受到青睐。不过 ...

马年春节开市以来，港股市场震荡调整，科技新势力表现活跃，半导体板块上涨趋势明显。 ● 本报记者 刘英杰 指数成分股中，伟志控股大涨13.79%，兆易创新（603986）涨11.91%，普达特科技涨10.91%，天岳先 进、澜起科技、华虹半导体等跟涨。 对于近期半导体板块走强的原因，中信建投（601066）证券机械首席分析师许光坦认为，主要受多重利 好共振推动：一方面，AI算力需求持续升温，全球半导体景气周期开启，带动设备及零部件需求增 长；另一方面，国内设备及零部件企业持续取得突破，市场对半导体国产化率提升的产能释放预期逐渐 升温。此外，部分龙头企业在高端零部件领域的量产进展也进一步提振了市场信心。 展望2026年，随着国内产业政策持续发力，叠加"反内卷"相关举措有望推动制造业盈利水平修复，行业 景气度或逐步回升，进而带动上游零部件设备整体需求稳步改善。在半导体设备、上游零部件国产化率 持续提升并加速推进的驱动下，半导体设备零部件板块有望迎来业绩与估值双升的"戴维斯双击"。 分析人士认为，随着AI大模型加速落地、人形机器人产业不断催化，叠加上市公司业绩披露期渐近， 中国资产有望持续获得投资者关注。尽管短期市场 ...

Core Viewpoint - Intel's stock price has experienced significant volatility due to weak guidance for Q1 2026, manufacturing yield issues leading to supply bottlenecks, and structural changes in market demand for AI computing power [1][2][3] Group 1: Stock Performance - On February 24, 2026, Intel's stock closed at $45.77, rising 4.90% after a previous decline of 1.09% on February 23, with an intraday volatility of 5.74% [1] - Despite a cumulative increase of approximately 24% in 2026, Intel's stock suffered a single-day drop of over 11% in late January due to poor earnings guidance [1][2] Group 2: Reasons for Stock Fluctuation - Intel's earnings report on January 23, 2026, projected Q1 adjusted earnings per share at $0.00, significantly below the market expectation of $0.08, with revenue guidance of $11.7 billion to $12.7 billion, also below market forecasts [2] - The company's management highlighted challenges in manufacturing yields, with CEO Pat Gelsinger stating that while demand is strong, production has not met expected standards, leading to supply constraints [2] - CFO David Zinsner indicated that Q1 supply would hit a "low point," making it difficult to meet seasonal demand, raising concerns about Intel missing opportunities in the AI wave [2] Group 3: Future Development - Intel's stock volatility is primarily driven by its inability to match supply capabilities with market demand and concerns regarding its competitive position in the AI era [3] - While some investors remain optimistic about the company's long-term transformation story, including its foundry business and advanced process technologies, short-term weak guidance and execution challenges are suppressing the stock price [3]

机构观点 经济观察网 根据公开信息和市场数据，伊管（ITRI.O）股价在2026年2月24日出现上涨，主要受以下因 素影响： 板块表现 当日美股科技仪器板块整体上涨5.04%，显著跑赢大盘。纳斯达克指数上涨1.07%，道琼斯指数上涨 0.85%，市场风险偏好回升对个股形成带动工具数据。伊管作为板块成分股，受益于资金向科技细分领 域扩散的趋势。 行业政策现状 尽管公司2025年第三财季营收同比下滑5.37%，但工业软件与测量技术需求受AI算力、存储产业链景气 度支撑。同日特朗普关税政策调整信号缓解贸易紧张预期，科技股整体估值压力短期减轻。 以上内容基于公开资料整理，不构成投资建议。 截至2026年2月，参与评级的12家机构中92%给予"买入"或"持有"建议，目标价均价为138.22美元，最高 看至150美元。近期多家华尔街机构（如TD Cowen、Roth MKM等）维持或上调买入评级，市场对公司 在工业测量与数据管理领域的长期前景保持乐观。 资金面与技术面 股价此前震荡整理（20日涨跌幅仅0.04%），2月24日成交量放大至266.32万美元，换手率6.15%，量比 达2.56，显示短期资金活跃度提升。当日振 ...

节后首个交易日，半导体设备板块开盘下探后持续反弹。截至收盘，中证云计算与大数据主题指数下跌2.1%，中证芯片产业指数上涨0.4%，中证半导体材 料设备主题指数上涨0.8%。相关ETF受资金关注，Wind数据显示，半导体设备ETF易方达（159558）节前五个交易日合计"吸金"约2.5亿元。 中国银河证券表示，当前AI算力需求不减、存储芯片周期上行以及先进封装技术渗透共同推动半导体设备需求提振，2026年半导体设备市场规模持续增长 预期强烈。台积电预计2026年资本开支为520-560亿美元，相较于2025年409亿美元的资本开支大幅增长，半导体设备的市场机遇进一步凸显。 该指数由50只业务涉及芯 片设计、制造、封装与测 试以及半导体材料、半导 体生产设备等公司股票组 成,聚焦未来计算的核心 硬件环节。 �日 该指数涨跌 0.4% 半导体设备ETF易方达 跟踪中证半导体材料设备主题指数 该指数由40只业务涉及半 导体材料和半导体设备的公 司股票组成,聚焦未来计算 的硬件基础环节。 同标的指数中规模居第一 低费率(0.15%+0.05%幕 每日经济新闻 �H 该指数涨跌 0.8% ...

中国银河证券表示，当前AI算力需求不减、存储芯片周期上行以及先进封装技术渗透共同推动半导体设备需求提振，2026年半导体设备市场规模持续增长 预期强烈。台积电预计2026年资本开支为520-560亿美元，相较于2025年409亿美元的资本开支大幅增长，半导体设备的市场机遇进一步凸显。 | 今日 | 该指数自20 该指数 | | --- | --- | | 该指数涨跌 | 滚动市销率 发布以来估值 | | -2.1% | 5.0倍 98.29 | 节后首个交易日，半导体设备板块开盘下探后持续反弹。截至收盘，中证云计算与大数据主题指数下跌2.1%，中证芯片产业指数上涨0.4%，中证半导体材 料设备主题指数上涨0.8%。相关ETF受资金关注，Wind数据显示，半导体设备ETF易方达（159558）节前五个交易日合计"吸金"约2.5亿元。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 ...

Market Performance - A-shares opened strong on the first trading day after the Lunar New Year, with the Shanghai Composite Index rising by 0.87% to 4117.41 points, and the Shenzhen Component Index increasing by over 1% [1][3] - The total market turnover exceeded 2 trillion yuan, with over 4,000 stocks rising and 111 stocks hitting the daily limit [1] Sector Performance - Defensive sectors showed strong performance, with resource stocks experiencing a rebound; indices for energy equipment, oil and gas, and precious metals led the gains [1][4] - The hard technology sector also performed well, particularly in optical modules (CPO) and optical communication concepts, while several large model concepts, including AI applications and the film and media sector, saw declines [3][4] Analyst Insights - Analysts noted that the overall market performance was impressive, with resource-heavy stocks significantly supporting the indices; the Shenzhen Component Index rose by 1.36% and the ChiNext Index by 0.99% [3] - Geopolitical risks and inflation expectations have driven a collective surge in resource sectors, while AI application and media sectors experienced notable pullbacks [4] Future Market Outlook - Analysts predict that the market will continue to show upward momentum, particularly as the "Two Sessions" approach, with a focus on structural opportunities rather than broad index movements [6] - The expectation of a stronger renminbi and the upcoming policy drivers from the "Two Sessions" are seen as supportive factors for the A-share market [6]

2月24日，A股集体上涨，截至收盘，上证指数涨0.87%，深证成指涨1.36%，创业板指涨0.99%。电网设 备ETF（159326）上涨4.37%，成交额显著放量，达15.36亿元，交投持续活跃。成分股方面，汉缆股 份、白云电器、保变电气、大连电瓷涨停，明阳电气上涨17.48%、安靠智电上涨11.76%，板块景气度 爆棚。 电网设备ETF（159326）是全市场唯一跟踪中证电网设备指数的ETF，智能电网权重90%、特高压权重 67%，均为全市场最高，最新规模超180亿元，为全市场最大电网类ETF，一键布局全产业链龙头。 （文章来源：每日经济新闻） 马斯克此前表示，AI发展的真正瓶颈不是芯片，而是电力供应，最快今年年底就会出现"芯片产能过 剩、电力供应不足"的局面。受美国电网建设周期限制，XAI数据中心普遍需排队12-18个月才能接入高 压电力，直接倒逼全球电网加速升级。与此同时，高端变压器"一台难求"，头部企业订单已排至2027年 底；2025年我国变压器出口646亿元，同比增长36%，量价齐升。 长城证券指出，全球电网设备需求强劲，海外供应缺口显著，美国变压器交付周期大幅延长，中国企业 在交付、技术、成本 ...

2月24日，A股迎来马年首个交易日，三大指数集体收涨。 此外，AI应用方向、影视院线、旅游及酒店、白酒等板块跌幅居前。 电网设备板块活跃 今日，电网设备板块表现活跃。截至收盘，汉缆股份涨停，迎来3连板；明阳电气、安靠智电等大涨。 截至收盘，上证指数涨0.87%，深证成指涨1.36%，创业板指涨0.99%，北证50指数涨0.37%，科创综指跌0.61%。全市场超4000只个股上涨，成交额22182 亿元，较上一交易日放量2192亿元。 盘面上，受地缘风险再升级，助推油价上行影响，能源化工方向周期股全天活跃。油气开采及服务板块大涨超10%，板块中10余只个股涨停。天然气、贵 金属、草甘膦、化肥、煤炭开采加工、港口航运板块涨幅居前。 培育钻石板块午后走强，四方达"20CM"涨停。黄河旋风午后"秒"涨停，截至收盘，报8.82元/股，涨停板上仍有11.79万手封单，最新市值为127.2亿元。黄 河旋风主要产品包括超硬材料及超硬材料制品（人造金刚石、超硬复合材料及制品等)。 市场分析认为，超硬材料概念走强的核心驱动力，来自AI服务器需求爆发带来的PCB钻针量价齐升逻辑。 此外，国家能源局微信公众号2月23日消息，国家能源 ...

Market Performance - A-shares opened positively on the first trading day after the Lunar New Year, with the Shanghai Composite Index rising by 0.87% to 4117.41 points, and the Shenzhen Component Index increasing by over 1% [1][2] - The total market turnover exceeded 2 trillion yuan, with over 4,000 stocks rising and 111 stocks hitting the daily limit [1][2] Sector Performance - Defensive sectors showed strong performance, with resource stocks experiencing a rebound; leading sectors included energy equipment, oil and gas, and precious metals [1][2] - The hard technology sector also performed well, particularly in optical modules (CPO) and optical communication, while several large model concepts in AI and the film and media sector declined [1][2][3] Analyst Insights - Analysts noted that the market's strong performance was supported by resource stocks, which helped lift the indices; the Shenzhen Component Index rose by 1.36% and the ChiNext Index by 0.99% [2][4] - Geopolitical risks and inflation expectations have led to a surge in resource sectors, while AI applications and media sectors showed significant pullbacks [3] Future Market Outlook - Analysts predict that the market will continue to trend upwards, particularly with the upcoming "Two Sessions" and a potential increase in policy-driven market activity [4][5] - Two main investment themes are suggested: one focusing on sectors benefiting from improved supply-demand dynamics and industry profitability, and the other on key areas such as humanoid robots, gaming, and semiconductor industries [6] Investment Strategy - The recommended strategy is to focus on individual stocks rather than indices, as trading activity is expected to increase post-holiday [5] - The humanoid robot sector is highlighted as having strong support from both policy expectations and capital inflows, with a favorable trading environment [6]