| will history of the | | 10. HTT 1/5 = 1/1 | | --- | --- | --- | | 心 被共コスモ世界 - LEE (14 13) 11 11 11 11 11 11 | | 日落平 | | 148.32-33 | | 45680.25 | | 1.665 | | +584.42 | | +0.491 +0.025 | | | | 编 6:55 9:42 | 1.650 | 14791 @ 9:00 45193.// | | 148.37 雷 9:42 高 12:00 | 1.650 | 雷 13:03 45757.74 | | 安 13:49 安 7:02 | 1.665 | 147.87 @ 9:00 45193.77 | | 2 2 2 8 中文网 | | | 受到长期利率上涨的影响，日本的银行股明显上涨（9月22日，东京都中央区） 日本央行9与19日发表了出售ETF的方针，不过由于出售速度缓慢，有分析认为这对市场的 影响轻微。有观点认为，"脱离对央行的依赖"反而有可能促进日本企业的公司治理改革，日 经平均股指22日再次创出新高…… 即使日本银行（央行 ...

当地时间周一，英伟达首席执行官黄仁勋宣布，英伟达计划向投资1000亿美元，双方共建大规模数据中 心。 "其次，也许更重要的是，这项合作将使英伟达成为OpenAI首选的战略计算和网络合作伙伴。虽然没有 明确的份额，但从表面上看，这项协议增加了包括博通和AMD在内的其它供应商的竞争风险。"美银分 析师表示。 Hargreaves Lansdown的高级股票分析师Matt Britzman也发表了类似的观点。他表示，"对于英伟达来 说，回报是巨大的——每千兆瓦的人工智能数据中心容量能带来大约500亿美元的营收，这意味着该项 目的价值可能高达5000亿美元。" "通过锁定OpenAI作为战略合作伙伴，并共同优化硬件和软件路线图，英伟达正在确保其图形处理器 （GPU）依然是下一代AI基础设施的支柱。" Britzman表示。 这标志着全球人工智能（AI）竞赛中两家最引人注目的参与者之间的合作，提振了投资者对AI板块的 信心。甚至有分析认为，这表明AI热潮尚处早期阶段。 受此影响，英伟达股价周一大涨 3.97%，报183.61美元，创下收盘历史新高。这则消息还带动了美股科 技股上涨，并推动美股三大指数齐创历史新高。 华尔 ...

Group 1 - The U.S. Air Force Chief of Staff, David Alvin, announced the construction of the first F-47 fighter jet, expected to make its maiden flight in 2028 [1] - Boeing has begun manufacturing the first F-47, with a commitment to achieve flight by 2028 [1][3] - The U.S. Air Force plans to procure at least 185 F-47 jets, which will replace the F-22 Raptor [3] Group 2 - The estimated unit price of the F-47 is projected to be as high as $300 million, significantly more than the F-22's cost of approximately $143 million [3] - The "Next Generation Air Dominance" (NGAD) program, which includes the F-47, has faced criticism regarding its costs and technological innovation [4] - The F-47 is part of a broader strategy that includes the B-21 stealth bomber and a naval version of the sixth-generation fighter, F/A-XX, raising concerns about the financial burden on the Pentagon [4]

Group 1 - The A-share market indices opened higher on September 23, with the electronic sector showing significant gains, particularly the electronic ETF (159997) which rose by 0.47% and had a trading volume exceeding 15 million yuan [1] - The electronic ETF (159997) tracks the CSI Electronic Index, which includes companies involved in semiconductor production, computer storage, retail of electronic products, and consumer electronics manufacturing, reflecting the overall performance of the electronic sector [1] - On September 22, the electronic ETF (159997) experienced a net inflow of 23.47 million yuan, indicating strong investor interest [2] Group 2 - Nvidia and OpenAI announced a partnership to build a large-scale data center, with Nvidia potentially investing up to 100 billion dollars, which will utilize 10 gigawatts of power for AI model training, equivalent to the electricity consumption of 8 million American households [2] - Wedbush raised Apple's target price from 270 dollars to 310 dollars due to strong demand for the iPhone 17 series, suggesting a significant upgrade cycle for Apple after years of low product launches [2] - Zheshang Securities highlighted that the semiconductor sector is experiencing an upward demand cycle, driven by AI as a core growth engine, and remains optimistic about the performance of related sectors in the second half of the year [3]

首个1GW容量英伟达系统计划明年下半年上线，采用Vera Rubin平台。黄仁勋称，10GW相当于多达500万GPU，等于 英伟达今年的总出货量，是去年两倍。Altman称，接下来几个月里，大家应该对OpenAI抱有很大期望。他将英伟达和微 软都称为OpenAI的"被动"投资者和"最重要的合作伙伴"。盘初曾跌超1%的英伟达股价迅速转涨，午盘曾涨超4%，收涨近 4%创历史新高。 投资OpenAI大规模部署数据中心的消息公布后，周一盘初曾跌1.1%的英伟达股价迅速转涨并在美股午盘 之初拉升，午盘涨幅曾扩大到4%以上，刷新日高时涨4.5%，收涨逾3.9%，创收盘历史新高，盘后小幅回 落。 01 "巨大"项目10GW相当于多达500万GPU 硬·AI 作者 | 李 丹 编辑 | 硬 AI 英伟达为科技企业的人工智能（AI）基础设施建设狂潮又添了一把火。 美东时间9月22日周一，英伟达与OpenAI宣布，签署意向书确立达成战略合作，OpenAI将借此利用英伟 达的系统打造和部署至少10千兆瓦（GW）的AI数据中心，使用数百万块英伟达的图形处理器（GPU）训 练和部署OpenAI的下一代AI模型。 为支持上述里程碑式的战 ...

Core Insights - A joint research team led by MIT has developed a new AI technology to accelerate the discovery of quantum materials, generating over 10 million candidates with Archimedean lattice characteristics [1][2] - The SCIGEN computational framework ensures that the AI model adheres to user-defined geometric rules during the material generation process, significantly enhancing the efficiency of material discovery [1][2] - The research has resulted in the successful synthesis of two previously undiscovered compounds, TiPdBi and TiPbSb, which align closely with AI predictions, validating the method's feasibility and accuracy [2][3] Group 1 - The SCIGEN framework was applied to a popular material generation model, targeting materials with Archimedean lattice structures, which are crucial for various quantum phenomena [1][2] - After initial stability screening, approximately 1 million materials were retained, and 26,000 were selected for high-precision simulations to analyze their magnetic behavior [2] - The results indicated that 41% of the structures exhibited magnetic characteristics, suggesting their potential for further experimental exploration [2] Group 2 - The development of SCIGEN addresses the slow progress in identifying materials with quantum properties, which previously took over a decade to discover only a handful of candidates [1][3] - The successful synthesis of new compounds demonstrates the capability of AI to provide a vast number of candidates, thereby accelerating research in the field of quantum materials [2][3] - This advancement opens up new avenues for experimental scientists, providing hundreds of thousands of new candidates for exploration [2]

人工智能领域再现超级大动作！ 当地时间周一（9月22日），英伟达和OpenAI宣布达成合作，包括建设庞大数据中心计划，以及英伟达对OpenAI最高1000亿美元（约合7115亿元人民币）的投资，这 是英伟达迄今为止做出的最大手笔投资承诺。受此利好消息影响，英伟达股价大涨近4%，刷新历史新高，总市值逼近4.5万亿美元。 奥尔特曼表示:"一切都始于算力。算力基础设施将成为未来经济的基础。我们将利用与英伟达共同建设的基础设施来创造新的AI突破，并大规模赋能个人和企业。" 这笔投资对英伟达而言具有重要战略意义。Requisite Capital Management管理合伙人Bryn Talkington向媒体表示："英伟达向OpenAI投资1000亿美元，然后OpenAI再把 钱交还给英伟达，这对黄仁勋来说将是非常良性的循环。"该合作有助于英伟达确保其设备在AI系统建设中保持核心地位，特别是在OpenAI正涉足硬件领域包括自研 芯片的背景下。保持OpenAI作为主要客户，可能帮助英伟达在行业考虑竞争对手组件时巩固其市场地位。 | Us 英伟达 17 Q | | --- | | NVDA | | 1Ｑス Ｇ１０ 今井 ...

机构看好iPhone 17升级周期，苹果涨超4%。 圣路易斯联储主席穆萨勒姆（Alberto Musalem）表示，在货币政策不陷入 "过度宽松" 的前提下，进一 步下调美联储基准贷款利率的空间有限。 相比之下，上周刚进入美联储理事会的白宫经济顾问委员会主席米兰（Stephen Miran）认为，有必要大 幅降息，以避免劳动力市场遭受不必要的损害。 "我认为适当的联邦基金利率应在 2.5%左右，比当前 政策利率低近2个百分点。" *三大股指齐创新高，通信板块领涨； *中长期美债收益率小幅走高，2年期美债重回3.60%； *甲骨文大涨超6%，公司宣布重大人事调整。 受科技股反弹及黄金价格创下历史新高的推动，美国主要股指均呈现上涨态势。截至收盘，道指涨 66.27点，涨幅0.14%，报46381.54点，纳指涨0.70%，报22788.98点，标普500指数涨0.44%，报6693.75 点。 明星科技股中，英伟达涨3.9%，苹果涨4.3%，甲骨文涨6.3%，特斯拉涨1.9%，微软跌0.7%，谷歌跌 0.9%，Meta和亚马逊跌1.7%。 纳斯达克中国金龙指数跌近1%，阿里巴巴、百度涨逾1.0%，网易涨0.2%， ...

Market Overview - The market has shown a rebound after a brief adjustment, with the Shanghai Composite Index nearing 3900 points and the ChiNext Index surpassing 3100 points, reaching new highs [1] - The current market structure is characterized by significant differentiation, with an overall temperature in the 40-50 degree range, indicating it is not overheated [2][10] - According to the four-season theory, the market is still in the spring-summer phase and has not yet transitioned to autumn or winter [2][11] Investment Strategy - The company has increased allocations in cyclical, technology, and pharmaceutical sectors while reducing exposure to high-dividend sectors [1] - Future investment opportunities will focus on artificial intelligence (AI) and innovative pharmaceuticals [1][13] Investment Philosophy - The founder emphasizes a growth-oriented investment style, identifying three key characteristics of growth stocks: significant future revenue and profit growth potential, strong business models with pricing power, and excellent management [5][6] - Growth stocks are further categorized into four types: new economy growth stocks, market share gainers, stable profit growth stocks, and cyclical growth stocks [6] Team Structure - The investment decision-making process is supported by a team-based research system, which includes a fundamental research team, a quantitative research team, and an international investment department [8][9] - The team structure allows for specialization and comprehensive coverage of market sectors, enhancing the firm's adaptability to market changes [9] Market Sentiment and Future Outlook - The company does not observe signs of market overheating, such as extreme valuation levels or investor euphoria, indicating a continued positive outlook [13] - The investment strategy will maintain a high allocation towards technology, pharmaceuticals, and cyclical sectors, with a focus on AI, innovative drugs, and gold [13]

Market Overview - The market is currently positioned well, with positive earnings breath and operating leverage, alongside a weaker dollar benefiting US earnings [2][3] - Capital markets activity is increasing, with 150 IPOs and a nearly 40% rise in M&A activity, indicating a robust market environment [3] Federal Reserve Impact - The Federal Reserve's actions are seen as providing a tailwind for market growth, although there are concerns about whether the market has priced in all the good news too quickly [4][5] AI Spending and Infrastructure - There are indications of peaking AI spending, with concerns about the lack of significant adoption translating into revenue [6][8][10] - The need for improved energy infrastructure and efficiency is highlighted as a critical area for future investment, particularly in relation to AI [12][13] Investment Strategy - The company is adjusting its investment strategy by reducing exposure to private credit and increasing investments in infrastructure, which is deemed essential for supporting AI development [14] - There is a belief in maintaining a diversified investment approach, particularly favoring financials, industrials, and alternative players, as these sectors are expected to perform well [15][16]