Core Viewpoint - The quantum technology sector is experiencing significant stock price increases, driven by positive developments in quantum computing and strategic partnerships announced by industry leaders [1] Group 1: Stock Performance - Companies such as Geer Software (603232) and Jida Zhengyuan (003029) have reached their daily price limits, indicating strong investor interest [1] - Other companies in the sector, including Shenzhou Information (000555), Keda Technology (300520), Xiongdi Technology (300546), and Xin'an Century, have also seen notable price increases [1] Group 2: Market Drivers - Nvidia CEO Jensen Huang highlighted that quantum computing is reaching a turning point during his speech at GTC Paris, suggesting a pivotal moment for the industry [1] - Nvidia plans to collaborate with various quantum computing companies globally, which may enhance innovation and investment in the sector [1] Group 3: Investment Trends - There is a noticeable influx of dark pool capital into quantum technology stocks, indicating growing institutional interest and potential for further price appreciation [1]

①美国5月CPI低于预期通胀压力缓解 美国5月消费者价格指数（CPI）环比上涨0.1%，低于预期的0.2%，同比上涨2.4%，低于预期的2.5%。 核心CPI环比上涨0.1%，低于预期的0.3%，同比上涨2.8%，与前值持平。核心CPI升幅连续第四个月低 于预期，显示企业努力限制将关税成本转嫁给消费者。这一数据表明美国通胀压力有所缓解，可能为美 联储货币政策调整提供空间。交易员加码押注美联储9月启动降息，特朗普再次敦促美联储降息。 评论员徐广语：美国5月CPI低于预期的关键驱动因素包括能源价格环比下跌1%，以及汽车、服装等商 品价格下滑，抵消了住房成本上涨的贡献；特朗普政府关税政策尚未对通胀产生显著影响，显示当前通 胀回落主要受需求疲软和供应链改善推动。数据公布后，市场加大了对美联储9月降息的押注，可能降 息两次；这强化了通胀趋缓下货币政策转向宽松的预期，但核心通胀仍高于2%目标，美联储或维持谨 慎立场。展望未来，若能源和关税冲击持续弱化，通胀可能延续下行趋势，为降息创造空间。 国都证券投资顾问陈兆凌：美国近期经济数据波动较大，投资者对美联储降息预期不断摇摆。由于美元 信用减弱，近几个月来看，相关消息对A股市 ...

Industry Overview - The global multiphysics software industry is at the intersection of technological innovation and industrial transformation, with a market size projected to reach approximately $4.1 billion in 2024, representing a year-on-year growth of 7.89% [1][13] - The integration of cloud computing, artificial intelligence, and quantum computing is emerging as a major trend in the technology sector [1][13] - ANSYS Cloud has reduced fluid-structure coupling simulation time by 40% through GPU acceleration technology, while Siemens Simcenter has achieved a 50% reduction in design iteration cycles for wind turbine blades by leveraging digital twin technology [1][13] Industry Development History - The Chinese multiphysics software industry has undergone four main stages: 1. The initial stage before 2010, where core technologies relied on international vendors, and domestic applications were limited to high-end manufacturing [4] 2. The technology accumulation period from 2010 to 2015, marked by national emphasis on industrial software and the establishment of special funds to support simulation software development [4] 3. The self-innovation breakthrough period from 2016 to 2020, where domestic platforms achieved commercial viability and expanded applications beyond the power equipment sector [5] 4. The ecosystem construction period from 2021 to present, characterized by explosive market growth and a focus on technological innovation and ecosystem collaboration [6] Industry Chain - The upstream of the multiphysics software industry includes hardware devices, basic software, and technical resources, while the midstream involves software development and solution integration [8] - The downstream applications span various sectors, including industrial manufacturing, energy, electronics, academia, and research institutions [9] Market Size - The global multiphysics software market is projected to reach approximately $4.1 billion in 2024, with a year-on-year growth of 7.89% [1][13] - The industry is witnessing significant advancements in technology, with ANSYS Cloud experiencing a 47% annual growth rate [15] Key Companies' Performance - Domestic companies like Cloud Road Intelligent Manufacturing and Chipray Microelectronics are breaking through technological barriers through independent research and development [15] - ANSYS and COMSOL dominate the high-end market, with ANSYS holding over 60% market share in automotive collision safety after acquiring LS-DYNA [15][17] - The market is seeing a shift towards cloud-based solutions, with ANSYS Cloud's subscription model lowering the entry barrier for small and medium enterprises [15] Industry Development Trends 1. Accelerated technological integration is driving breakthroughs in simulation accuracy and efficiency, with cloud computing and edge computing reshaping simulation paradigms [21] 2. The renewable energy revolution is becoming the largest incremental market, with significant applications in battery thermal management and wind turbine design [22] 3. The restructuring of ecosystems is accelerating, with policies supporting the development of domestic software and increasing the procurement ratio of domestic software in leading enterprises [23]

Group 1 - Elon Musk expressed regret over his recent posts about former President Trump, stating that the content was excessive [1] - Trump responded positively to Musk's admission, indicating approval of his reconsideration [1] Group 2 - DingTalk's product research head, Yuan An, announced his departure from Alibaba, sharing a lengthy internal letter discussing the company's evolution and challenges [1] - Alibaba's founder, Jack Ma, acknowledged Yuan An's insights and emphasized the company's ongoing changes [1] Group 3 - Ximalaya confirmed its acquisition by Tencent Music Entertainment Group, stating that its operational strategy and brand identity will remain unchanged post-acquisition [2] - The company will continue to fulfill existing contracts and protect customer rights [2] Group 4 - Volcano Engine launched the Doubao 1.6 model, which supports 256k long context and reduced pricing by 63% compared to its previous version [2] Group 5 - OpenAI's CEO, Sam Altman, announced plans to release an open-weights model by late summer 2023, with predictions for advanced cognitive systems by 2025 [3] - Altman also forecasted the emergence of systems capable of generating new insights by 2026 and robots executing real-world tasks by 2027 [3] Group 6 - WeChat's "Yuanbao AI" upgraded its capabilities to summarize video content and provide detailed responses based on user input [4] - Tencent aims to integrate Yuanbao AI with more of its products to enhance user experience [4] Group 7 - Meta introduced the V-JEPA 2 model, designed to improve AI's understanding of 3D environments and physical world reasoning [4] - The development of this model involved Meta's chief AI scientist, Yang Li-Kun [4] Group 8 - NVIDIA's CEO, Jensen Huang, stated that quantum computing is at a turning point, with plans to collaborate with quantum computing companies [4] - Huang mentioned that future supercomputers will integrate quantum processors (QPU) alongside GPUs for enhanced computational capabilities [4] Group 9 - Employees of Neta Auto protested for unpaid wages, surrounding the CEO in his office [5] - The company had previously announced plans to relocate its headquarters amid these financial issues [5] Group 10 - Huawei launched the Pura 80 series smartphones, featuring advanced camera technology and competitive pricing [6] - The Pura 80 Ultra model incorporates innovative optical zoom capabilities, significantly improving light intake compared to competitors [6] Group 11 - AliExpress, Alibaba's cross-border e-commerce platform, has begun selling cars, focusing on Chinese electric vehicles during the overseas "618" sales event [7] - The platform features popular models from brands like BYD, Geely, and Xiaomi, supported by Alibaba's subsidy program [7]

Core Viewpoint - PCI-SIG has officially released the PCI Express (PCIe) 7.0 specification, achieving a speed of 128.0 GT/s, aimed at data-driven applications such as AI/ML, 800G Ethernet, cloud computing, and quantum computing [1][4]. PCIe 7.0 Specification Features - PCIe 7.0 offers a raw bit rate of 128.0 GT/s and a bidirectional rate of up to 512 GB/s through an x16 configuration [4][6]. - It utilizes PAM4 signaling and Flit-based encoding for improved power efficiency [4][6]. - The specification maintains backward compatibility with previous PCIe generations [4][6]. Industry Impact and Adoption - The release of PCIe 7.0 is seen as a significant advancement for AI and HPC hardware infrastructure, providing essential bandwidth and low latency for modern AI workloads [14][15]. - The specification is expected to meet the growing bandwidth demands of data-intensive markets, including AI/ML and high-performance computing [14][15]. - PCIe 7.0 is anticipated to be widely adopted in data centers, with many ASIC companies already engaging with IP providers to leverage the new technology [6][14]. Optical Interconnect Solutions - PCI-SIG has introduced a new optical interconnect specification revision to enhance PCIe technology performance [11][13]. - The Optical Aware Retimer ECN aims to provide a standardized method for implementing PCIe technology over fiber optics, addressing the industry's need for optical interconnects [11][13]. - This transition to optical solutions is expected to improve performance, reduce latency, and enhance thermal management capabilities [19][20]. Technical Specifications and Enhancements - PCIe 7.0 doubles the bandwidth of PCIe 6.0, achieving a bidirectional transfer speed of up to 512 GB/s [14][15]. - The specification introduces advanced features such as improved channel margining, enhanced error detection, and support for emerging technologies like CXL [15][16]. - The design of PCIe 7.0 connectors focuses on minimizing reflections and crosstalk, ensuring low cable loss and high signal integrity [19][20].

Group 1 - Nvidia is launching a series of AI infrastructure collaboration plans in Europe, partnering with companies in France, the UK, Germany, and Italy [1] - Nvidia is establishing and expanding AI technology centers in Germany, Sweden, Italy, Spain, the UK, and Finland, including a cloud platform powered by 18,000 Nvidia Grace Blackwell systems in France [1][2] - The company aims to build the world's first industrial AI cloud in Germany, equipped with 10,000 Blackwell GPUs, targeting the European manufacturing sector [1][2] Group 2 - Europe is accelerating its AI development, with significant investments such as France's plan to invest €109 billion and the EU's "InvestAI plan" allocating approximately €200 billion for AI initiatives [2] - Nvidia's CEO Jensen Huang emphasizes the importance of AI as a part of infrastructure and a driver for growth in manufacturing, indicating a new industrial revolution [2][3] - The company is expanding its strategic layout in Europe to capture market opportunities amid changing trade environments and export controls in China [3] Group 3 - Nvidia's latest Blackwell architecture products are expected to achieve a performance improvement of 30-40 times in a single generation, significantly enhancing inference performance [3] - The GB200 NVL72 system is predicted to accelerate the quantum computing industry, with Nvidia leveraging this platform to enhance AI and quantum computing collaboration [5] - The global production of GB200 NVL72 racks is projected to reach 2,000 to 2,500 units by May 2025, indicating a rapid response to market demand [6]

Core Viewpoint - PCI-SIG has officially released the PCI Express (PCIe) 7.0 specification, achieving a speed of 128.0 GT/s, aimed at data-driven applications such as AI/ML, 800G Ethernet, cloud computing, and quantum computing [1][4]. PCIe 7.0 Specification Features - PCIe 7.0 offers a raw bit rate of 128.0 GT/s and a bidirectional rate of up to 512 GB/s through an x16 configuration [4][8]. - It utilizes PAM4 signaling and Flit-based encoding, enhancing power efficiency while maintaining backward compatibility with previous PCIe generations [4][8]. Industry Context and Future Developments - The release of PCIe 7.0 continues the tradition of doubling I/O bandwidth every three years, addressing the bandwidth demands of data-intensive markets, including AI and HPC [4][15]. - PCIe 8.0 exploration is already underway to support ongoing industry investments and product roadmaps [1]. Market Demand and Applications - The demand for PCIe technology is driven by the rapid expansion of AI applications, with modern AI workloads requiring architectures that integrate multiple accelerators [13][15]. - PCIe 7.0 is expected to be deployed in data centers, enhancing connectivity between accelerators, processors, NICs, and other components with low latency and low power consumption [15]. Energy Efficiency and Advanced Features - Despite performance improvements, PCIe 7.0 aims to maintain or enhance energy efficiency, crucial for reducing operational costs and environmental impact in data centers [16]. - New features include improved channel margin capabilities, enhanced error detection, and support for emerging technologies like CXL [16]. Optical Interconnect Solutions - PCI-SIG has introduced a new optical interconnect specification revision to enhance PCIe technology performance, marking the industry's first standardized approach for optical solutions [10][19]. - The transition to optical solutions is expected to expand the physical coverage of computing networks, offering lower latency and improved thermal management capabilities [19][20].

盘前要闻 1、中东局势一夜升级!美国下令撤离部分中东人员，原油狂飙5% 类型：宏观 情绪影响：负面 伊朗威胁说如果核计划谈判失败将袭击美国基地，北京时间今日凌晨，美国命令一些工作人员离开驻巴 格达大使馆，并允许军人家属离开中东。隔夜WTI原油期货大涨5.2%，最终收于68美元/桶上方，创下 去年10月份以来的最大涨幅。 2、黄仁勋称量子计算正在接近拐点，英伟达将与量子计算公司合作 类型：行业 情绪影响：正面 英伟达CEO黄仁勋最新演讲提到，量子计算正在接近一个拐点。与摩尔定律类似，量子计算机可处理的 逻辑量子比特数量将沿着每5年增加10倍、每10年增加100倍的路径演进。英伟达会以多种方式与世界各 地的量子计算公司合作。 3、美国5月CPI数据全线低于预期，特朗普：美联储应该降息100基点 类型：宏观 情绪影响：中性 美国劳工统计局公布的数据显示，剔除食品和能源成本的核心CPI同比上涨2.8%，保持在2021年3月以 来的最低水平，低于预期的2.9%。交易员加大对美联储降息的押注，基本预计今年将降息两次。特朗 普呼吁美联储将利率下调100基点。 4、何立峰：中美在经贸领域合则两利、斗则俱伤，贸易战没有赢家 投 ...

首席点 评 ： " 硅锂 " 有意， " 钢矿 " 无情 中国商务部国际贸易谈判代表：中美原则上达成协议框架。美国 5 月 CPI 同比增 2.4% ，核心 CPI 环比 增 0.1% 、连续第四个月低于预期。美国 5 月 CPI 数据全线低于预期，能源主导整体 CPI 的放缓，汽 车、服装价格均出现下滑，玩具、家电受关税影响更直接的品类价格上涨。特朗普对伊朗核谈判 " 信心 减弱 " ，美将减少驻伊拉克使团规模，布油涨超 5% 。特朗普表示，伊朗方面似乎在拖延。他强调，无 论协议是否达成，伊朗都不会拥有核武器。黄仁勋 GTC 大会表示，量子计算正迎来拐点，计划在欧洲 新建 20 家 " 人工智能工厂 "。 重点品种： 原油、股指、 玻璃 原油 ：夜盘油价上涨 3.37% 。特朗普表示对达成伊核协议信心减弱，以及伊朗方面警告可能打击美军 基地之际，美国方面在北京时间今日凌晨通知美国在中东的人员部分撤离。以色列官员称，以色列国防 军最近几天一直处于高度戒备状态，以防与伊朗的冲突可能升级。 EIA 报告： 06 月 06 日除却战略储 备的商业原油库存减少 364.4 万桶至 4.32 亿桶，降幅 0.84% 。 ...

首席点 评 ： " 硅锂 " 有意， " 钢矿 " 无情 中国商务部国际贸易谈判代表：中美原则上达成协议框架。美国 5 月 CPI 同比增 2.4% ，核心 CPI 环比 增 0.1% 、连续第四个月低于预期。美国 5 月 CPI 数据全线低于预期，能源主导整体 CPI 的放缓，汽 车、服装价格均出现下滑，玩具、家电受关税影响更直接的品类价格上涨。特朗普对伊朗核谈判 " 信心 减弱 " ，美将减少驻伊拉克使团规模，布油涨超 5% 。特朗普表示，伊朗方面似乎在拖延。他强调，无 论协议是否达成，伊朗都不会拥有核武器。黄仁勋 GTC 大会表示，量子计算正迎来拐点，计划在欧洲 新建 20 家 " 人工智能工厂 "。 重点品种： 原油、股指、 玻璃 原油 ：夜盘油价上涨 3.37% 。特朗普表示对达成伊核协议信心减弱，以及伊朗方面警告可能打击美军 基地之际，美国方面在北京时间今日凌晨通知美国在中东的人员部分撤离。以色列官员称，以色列国防 军最近几天一直处于高度戒备状态，以防与伊朗的冲突可能升级。 EIA 报告： 06 月 06 日除却战略储 备的商业原油库存减少 364.4 万桶至 4.32 亿桶，降幅 0.84% 。 ...