Core Insights - The company InnoSec has announced a partnership with NVIDIA to promote the large-scale implementation of the 800VDC power architecture in AI data centers [1] Company Summary - InnoSec has recently entered into a collaboration with NVIDIA, a global leader in AI technology, to advance the deployment of the 800VDC (800-volt direct current) power architecture [1] - This new power system is specifically designed by NVIDIA for future efficient power supply in megawatt-level computing infrastructure [1] Industry Summary - The 800VDC power architecture offers significant advantages over traditional 54V power systems in terms of system efficiency, thermal loss, and reliability [1] - The architecture is capable of supporting an increase in AI computing power by 100 to 1000 times [1]

Group 1 - The company InnoPhase (02577) has announced a partnership with global AI technology leader NVIDIA to promote the large-scale implementation of the 800 VDC (800-volt direct current) power architecture in AI data centers [1] - The 800 VDC architecture is specifically designed by NVIDIA for future efficient power supply megawatt-level computing infrastructure, offering significant advantages in system efficiency, thermal loss, and reliability compared to traditional 54V power systems [1] - The company's third-generation GaN devices provide an excellent high-frequency, high-efficiency, and high-power density solution, supporting a full-link gallium nitride power solution from 800V input to GPU terminals, covering 15V to 1200V [1] Group 2 - The integration of GaN technology with NVIDIA's 800 VDC power architecture is expected to enable AI data centers to achieve a leap from kilowatt-level to megawatt-level in the coming years, ushering in a more efficient, reliable, and environmentally friendly era of AI computing [1]

Group 1 - The Shanghai Composite Index continued its downward trend, hitting a low at the 20-day moving average, with a trading volume of 15,984 billion yuan, a significant decrease of 3,377 billion yuan from the previous day [1] - In the market, the express delivery, pharmaceutical, and software service sectors showed the highest gains [1] - InnoTek has been selected as a partner by NVIDIA, with its stock price surging over 60%, marking a significant collaboration in promoting the 800V direct current power architecture for AI data centers [1] Group 2 - In the ongoing stock simulation competition hosted by the Daily Economic News App, participants are actively engaging, with the competition starting on August 1 and running until August 8 [3][6] - The competition offers a simulated capital of 500,000 yuan, with rewards for positive returns and various prizes distributed weekly and monthly [6][10] - Participants can gain insights from the "Fire Line Quick Review," which includes the latest market events, investment logic, and company analysis [10][15] Group 3 - Experts in the competition suggest that the current market presents structural opportunities, particularly in solid-state transformers and gallium nitride power semiconductors, benefiting from the demand from AI data centers [11][12] - There are two main profit models in the A-share market: one driven by trading sentiment, often involving high P/E ratio stocks, and another based on solid fundamentals supported by institutional funds [12] - The competition rewards participants based on their performance, with specific points allocated for rankings, encouraging active participation to maximize monthly scores [14][21]

Market Overview - The Hong Kong stock market started poorly in August, with the Hang Seng Index closing down 1.07% at 24,507.81 points, and a total trading volume of 254.67 billion HKD [1] - The Hang Seng Index fell 3.47% over the week, while the Hang Seng China Enterprises Index and the Hang Seng Tech Index dropped 3.78% and 4.94%, respectively [1] - Concerns about rising overseas risks are prevalent, including the increase in dollar assets potentially reducing global interest in Chinese assets [1] Blue-Chip Performance - ZTO Express (02057) led blue-chip stocks, rising 7.44% to 163.2 HKD, contributing 7.92 points to the Hang Seng Index [2] - Other notable blue-chip performances included Xinyi Solar (00968) up 1.31% and Baidu Group (09888) up 1.06%, while Sinopec (00386) and PetroChina (00857) saw declines of 5.87% and 3.26%, respectively [2] Sector Highlights - The logistics sector saw a positive response to anti-competitive policies, with ZTO Express and Jitu Express (01519) both rising [3] - The photovoltaic sector was active following the Ministry of Industry and Information Technology's announcement of energy-saving inspections, with several solar stocks showing gains [4] - The stablecoin sector experienced a significant downturn after the implementation of the Stablecoin Regulation in Hong Kong, with major declines in related stocks [5][6] Notable Stock Movements - Joy City Property (00207) surged 45.95% after announcing a share buyback plan at a premium price [7] - InnoCare Pharma (02577) rose 30.91% following its inclusion in NVIDIA's partner list for 800V DC power architecture [8] - NIO Inc. (09866) saw an 8.62% increase after launching its new flagship SUV model [9] - Innovent Biologics (09939) faced a 16.8% drop due to a planned share placement at a discount [10] - Sinopec's stock fell 5.87% after a profit warning indicating a significant year-on-year decline in net profit [11]

8月1日午间，英伟达官网更新800V直流电源架构合作商名录，英诺赛科作为唯一入选的中国芯片企 业，瞬间引发市场强烈反响。消息公布后，英诺赛科股价迅速拉升，盘中最高涨幅达63%，市值一度突 破600亿港元。 此次与英伟达的深度合作，聚焦于800V直流电源架构在AI数据中心的规模化应用。通过技术整合，英 诺赛科有望助力全球AI基础设施实现能效跃升，同时也为自身打开百亿级增量市场。 英诺赛科能获英伟达青睐，源于其在第三代半导体氮化镓领域的卓越地位。2015年12月成立的英诺赛 科，是全球首家实现8英寸硅基氮化镓晶圆量产的企业，相较于传统的6英寸晶圆，其8英寸晶圆量产技 术优势显著，每晶圆的晶粒产出数提升80%，单颗芯片成本降低30%。 根据弗若斯特沙利文数据显示，截至2023年末，以氮化镓分立器件出货量折算，英诺赛科在全球氮化镓 功率半导体公司中市场份额排名第一，市占率高达42.4%。 值得一提的是，除与英伟达合作数据中心外，英诺赛科的氮化镓芯片还傍上了人形机器人这条热门赛 道。氮化镓功率器件是人形机器人关节电机模组的核心器件，已经成为机器人厂商实现对机器人的性能 升级与技术突破的技术方向。其中，头部具身智能厂商智 ...

Core Viewpoint - The demand for chromium metal is rapidly increasing in the overseas aerospace and military sectors, which may significantly impact the supply of sodium chromate, a critical upstream raw material, thereby affecting the production capacity of high-end manufacturing abroad [1] Industry Summary - The expansion barriers and technological advantages of Zhuhai Company in sodium chromate production are expected to position the company favorably in the market as the chromium salt industry enters a major cycle [1] - The chromium salt industry's prosperity is anticipated to rise along the industrial chain from chromium metal to chromium oxide green to sodium chromate [1] - The demand for AI data centers, enhanced energy-saving requirements, and the growth in global military and commercial aerospace demands are expected to sustain high growth in orders for aerospace and military applications [1] - The chromium salt industry is a key upstream sector for aerospace and military applications, with strong demand growth and rigid supply expected to significantly enhance the industry's prosperity [1] - The company is likely to be a primary beneficiary of the chromium salt industry's major cycle, maintaining a "buy" rating [1]

Core Viewpoint - InnoLux (02577, HK) experienced a significant stock surge, rising over 60% to reach a historical high, driven by its partnership with NVIDIA for 800V direct current power architecture [2] Company Summary - InnoLux is the only Chinese chip company listed as a partner on NVIDIA's updated 800V direct current power architecture collaboration list, indicating a deep cooperation between the two companies [2] - The collaboration aims to enhance the scalability of 800V direct current (800VDC) power architecture in AI data centers, increasing single machine room computing density by over 10 times and enabling single cabinet power density to exceed 300kW [2] - InnoLux specializes in the research and industrialization of third-generation semiconductor silicon-based gallium nitride (GaN), employing an IDM (Integrated Device Manufacturer) model that encompasses chip design, epitaxial growth, chip manufacturing, testing, and failure analysis [2] - The company boasts the largest production capacity for 8-inch silicon-based gallium nitride wafers globally, with its product range covering low to high voltage GaN power devices (15V-1200V) [2]

Group 1 - InnoCare (2577.HK) experienced a significant surge, rising over 63% to reach a historical high of 72 HKD, with a trading volume expanding to 1.3 billion HKD [1] - InnoCare is the only Chinese chip company listed as a partner in NVIDIA's updated 800V DC power architecture collaboration, indicating a formal deep cooperation between the two [3] - This partnership aims to enhance the scalability of 800V DC power architecture in AI data centers, with expected improvements in computing density by over 10 times and power density exceeding 300 kW per cabinet, marking a transition to megawatt-level power supply for global AI data centers [3]

消息面上，英伟达官网今日更新800V直流电源架构合作商名录，英诺赛科是本次入选英伟达合作伙伴中唯一的中国芯片企业。这意味着双方正式达成深 度合作，双方将携手推动800V直流(800 VDC)电源架构在AI数据中心的规模化应用。此次合作将单机房算力密度将提升10倍以上，助力单机柜功率密度突 破300kW，推动全球AI数据中心正式迈入兆瓦级供电时代。 | 英诺赛科 68.200 +55.00% 分时 均线 所属行业: 半导体 | 72.000 @ | 63.64% | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 50.91% | 66.400 | | | | | | | | | 60.800 | 38.18% | | | | | | | | | 55.200 | 25.45% | | | | | | | | | 49.600 | 12.73% | | | | | | | | | 44.000 | 0.00% | | | | | | | | | 38.400 | 12.73% | | | | | | | | | 32.8 ...

Group 1 - InnoCare (2577.HK) saw its stock price surge over 14% to HKD 50.25, reaching a new high since March [1] - The company has been listed as the only Chinese chip enterprise in NVIDIA's updated partner list for the 800V direct current power architecture, indicating a deep collaboration [1] - This partnership aims to enhance the scalability of the 800V direct current power architecture in AI data centers, with a projected increase in computing density by over 10 times and power density exceeding 300kW per rack, marking a shift towards megawatt-level power supply in global AI data centers [1]