中铁装备盾构总装车间。 记者 聂冬晗 摄 中原科技城北龙湖湖畔，超聚变研发中心及总部基地。 记者 王延辉 摄 推动高质量发展，离不开建设现代化产业体系。在全国产业版图中，郑州有着特色鲜明的定位和不可替代的 位置。 面对新一轮科技革命和产业变革加速演进的趋势，郑州因地制宜发展新质生产力，在"强链壮群"中重塑产业 竞争新优势。 "新"在哪儿？金秋时节，一个个高光时刻标注发展之势与产业之进。 展现新形象。2025世界制造业大会上，河南展馆人气火爆，宇通智能巴士、超聚变AI服务器、汉威科技人机 交互手套、蜜雪冰城等"郑州元素"引人关注、格外"圈粉"。 亮出硬实力。2025金刚石产业大会上，《中国超硬材料产业集聚区发展竞争指数（2025）》发布，郑州以产 业集群优势位居全国榜首，超硬材料在这里拥有更多"超能力"。 抢占制高点。中部首座"机器人学校"——中原异构人形机器人训练场近日在中原科技城启用，郑州成为继北 京、上海之后全国第三个具备异构人形机器人训练能力的城市，抢抓机遇竞逐人形机器人产业新赛道。 把时间轴拉长，一幅更为恢宏的产业图景铺展开来。"十四五"以来，郑州市坚持把制造业高质量发展作为主 攻方向，发展壮大"7+ ...

来源：环球时报 企业"AI引智"进展不力、"幻觉"问题根深蒂固、算力成本居高不下，当人们对AI的期待超出玩具、进入 实战阶段，就暴露了目前生成式AI的缺陷。这种缺陷导致了AI技术的商业化进程明显滞后于基础设施 建设与金融化进程，给未来营收带来了巨大的不确定性。对此，美国业界和资本形成了"工业泡沫 论"和"金融泡沫论"两派，前者认为数据中心建设是实体投资，将最终突破规模化的阈值，成为电力一 样的基础能源设施；后者则警告当前投资规模已超出理性范畴，过度乐观的预期可能重演当年的互联网 泡沫。 今年以来，作为主要的数据中心投资者，微软、谷歌、亚马逊、Meta这4家企业围绕AI算力疯狂竞 争，"砸"下640亿至1000亿美元不等的巨额现金，却缺少可观回报，其性质近乎"烧钱"。近期OpenAI也 在自身资金有限的情况下，"画饼"将进行5年万亿美元级别的投资，引发了市场对于美国AI科技产业会 不会是泡沫甚至是庞氏骗局的巨大疑虑。 无论是着眼长远的基建布局，还是科技巨头间的资本游戏，美国AI产业发展模式的不均衡问题是毋庸 置疑的。AI推动经济发展绝不能只靠数据中心、算力设施建设的狂飙突进，而需要完成从"硬数 据"到"软价值" ...

微软首席技术官凯文·斯科特(Kevin Scott)曾在10月初表示，自从ChatGPT和GPT-4推出以来，"几乎不可 能以足够快的速度扩充算力容量"，"即使是我们最激进的预测，也一再被证明远远不够"。 这种情况比微软此前的预期更为严峻。今年7月，微软CFO艾米·胡德(Amy Hood)曾表示，当前的资源紧 张状况将持续至2025年底。据知情人士透露，数据中心容量不足不仅影响到运行AI常用图形处理器 (GPU)的服务器，也波及以中央处理器(CPU)为主、长期承担传统云服务运算任务的数据中心。 微软发言人表示，该公司在美国的大部分Azure服务和区域"仍具备可用容量，已部署工作负载的现有客 户可继续拓展业务"。该发言人称，若出现计划外需求激增的情况，公司将启动"容量保护措施"，在其 整个数据中心网络间平衡客户需求。 AI对算力的巨大需求推动了新数据中心建设的热潮。但是，微软不仅在AI领域面临压力，其传统云基 础设施(支撑着互联网各类应用与网站)同样出现了需求紧张。据熟悉微软运营情况的知情人士透露，在 以CPU为主的工作负载中，OpenAI是微软最大的客户。(作者/箫雨) 凤凰网科技讯 北京时间10月10日，据 ...

Core Points - The A-share market experienced a significant rise on the first trading day after the National Day holiday, with the Shanghai Composite Index surpassing 3900 points, reaching a ten-year high of 3936.58 points, and closing at 3933.97 points, marking the highest level since August 2015 [2][3] - Analysts indicate that this surge reflects enhanced market confidence, increased foreign capital allocation intentions, and signals of liquidity easing [2][3] Market Signals - The rise in the Shanghai Composite Index indicates an improvement in market sentiment and investor confidence [3] - Foreign capital inflow into the Chinese stock market reached a monthly high since November 2024, suggesting a growing global capital allocation interest in China [3] - The trading volume in the market increased significantly, with a total turnover of 2.65 trillion yuan, up by 471.8 billion yuan from the previous trading day [3] Sector Performance - Various sectors saw substantial gains, with the rare earth index and nuclear fusion index rising over 7%, and the non-ferrous metals sector leading with a 7.60% increase [4] - Over 3100 stocks rose, with many hitting the daily limit, particularly in the precious metals and non-ferrous metals sectors [4] Reasons for Market Surge - The market's rise is attributed to several factors, including heightened policy expectations related to the "14th Five-Year Plan" and the emphasis on capital market reforms by the China Securities Regulatory Commission [5] - The performance of the technology sector, particularly the semiconductor industry, and the strength of the precious and industrial metals sectors contributed to the market's upward momentum [5] - A favorable external environment, with global stock markets generally rising during the National Day holiday, also supported the A-share market [5] Future Market Outlook - Analysts predict that the A-share and Hong Kong markets may benefit from long-term policy layouts and a relatively loose liquidity environment in October [6] - The market is expected to continue its upward trend, with a focus on structural investment opportunities in technology growth sectors [6] - Recommendations for investment include sectors such as AI, energy storage, solid-state batteries, and precious metals [6][7]

Market Overview - The A-share market experienced a significant rise on the first trading day after the National Day holiday, with the Shanghai Composite Index breaking through the 3900-point mark, reaching a ten-year high of 3936.58 points, and closing at 3933.97 points, marking the highest level since August 2015 [1][2] - The Shenzhen Component Index also reached a new high of 13806.69 points, closing up 1.47% at 13725.56 points, while the STAR 50 and ChiNext indices hit new yearly highs, increasing by 2.93% and 0.73% respectively [2] Market Signals - The market surge indicates a significant enhancement in market sentiment and investor confidence, with foreign capital showing increased willingness to allocate funds to the Chinese market, as evidenced by a record net inflow of foreign capital in September [2][4] - The increase in financing balance suggests a signal of liquidity easing, further boosting short-term upward momentum in the market [2][4] Trading Volume and Sector Performance - The trading volume in the A-share market surged, with a total turnover of 2.65 trillion yuan, an increase of 471.8 billion yuan compared to the previous trading day [3] - Among various sectors, rare earth and nuclear fusion indices led the gains, both rising over 7%, while the non-ferrous metals sector saw the highest increase at 7.60% [3] Factors Driving Market Growth - The market's rise is attributed to several factors, including heightened policy expectations related to the "14th Five-Year Plan," strong performance in the semiconductor and non-ferrous metals sectors, and a favorable external environment with global markets generally rising during the National Day holiday [4][5] - The market is expected to continue benefiting from long-term policy layouts and a relatively loose liquidity environment, with opportunities concentrated in the technology growth sector [5][6] Future Market Outlook - Analysts predict that the A-share market may continue to experience high-level fluctuations, with structural investment opportunities emerging, particularly in sectors such as AI, energy storage, and precious metals [6][7] - The market is anticipated to maintain a trend of upward movement with continued inflow of incremental capital, supported by global liquidity remaining loose and positive developments in the technology sector [6][7]

证券日报网讯立昂技术（300603）10月9日在互动平台回答投资者提问时表示，不同平台的概念划分可 能基于不同维度存在一定差异，公司算力业务正处于加速落地期，相关业务占比持续提升。股价波动受 宏观经济、行业波动、市场情绪等多重因素综合影响。截至目前，公司不存在应披露而未披露的重大事 件。 ...

释放了什么信号？ 2025.10. 09 本文字数：2144，阅读时长大约4分钟 作者 | 第一财经 黄思瑜 国庆长假后首个交易日，A股迎来10月开门红，沪指突破3900点，创出十年新高。 10月9日，沪指高开高走，盘中一举突破3900点关口，最高冲至3936.58点，创下2015年8月以来 的十年新高，最终收报3933.97点。距今最近的一次上证指数超过3900点，是在2015年8月18日。 "沪指创下近十年新高，具有重要的市场意义。"银河证券首席策略分析师杨超对第一财经称，这释 放了市场信心显著增强、外资增配意愿增强、流动性宽松等信号。 对于后市行情预判，多位券商分析师认为，10月是关键的政策布局窗口，也存在美联储再次降息预 期，大盘可能继续高位震荡，后续市场风险偏好有望维持积极。 9日，A股"涨声一片"。 沪指突破3900点，创出近十年新高，收涨1.32%，收报3933.97点；深证成指也创出新高 13806.69点，最终收涨1.47%，收报13725.56点；科创50、创业板指均刷新年内新高，分别上涨 2.93%、0.73%。 杨超告诉记者，这释放了三方面信号：首先，标志着市场情绪和投资者信心的提升； ...

Market Performance - The A-share market experienced a significant rise, with the Shanghai Composite Index breaking the 3900-point mark, reaching a ten-year high of 3936.58 points on October 9, 2023, and closing at 3933.97 points, marking a 1.32% increase [1][2] - The Shenzhen Component Index also reached a new high of 13806.69 points, closing up 1.47% at 13725.56 points, while the STAR 50 and ChiNext indices hit new yearly highs, increasing by 2.93% and 0.73% respectively [2] Market Signals - The market's performance indicates a significant enhancement in investor confidence and market sentiment, with foreign capital showing increased willingness to allocate funds to the Chinese market, as evidenced by a record net inflow of foreign capital in September 2023 [2][4] - The increase in financing balances suggests a signal of liquidity easing, further boosting short-term upward momentum in the market [2][4] Sector Performance - The trading volume in the market surged, with a total turnover of 2.65 trillion yuan, an increase of 471.8 billion yuan from the previous trading day [3] - Among various sectors, rare earth and nuclear fusion indices led the gains, both rising over 7%, while other indices such as copper and rare metals also saw significant increases [3] Factors Influencing Market Trends - The rise in A-shares is attributed to several factors, including heightened policy expectations related to the "14th Five-Year Plan," strong performance in the semiconductor and precious metals sectors, and a favorable external environment with global markets showing positive trends [4][6] - Analysts predict that October will be a critical period for policy layout, with expectations of further easing from the Federal Reserve, which could benefit both A-shares and Hong Kong stocks [5][6] Investment Opportunities - Analysts suggest that investment opportunities in October may be concentrated in technology growth sectors, with a focus on AI, energy storage, and high-end manufacturing [5][7] - The recommended investment themes include optimizing resource cycles, structural recovery in consumption, and focusing on high-quality enterprises as competition improves [7]

Core Viewpoint - The A-share market experienced a positive opening on October 9, but the artificial intelligence (AI) industry chain saw a significant pullback after an initial surge, particularly in the computing power sector, with notable declines in stocks like New Yisheng and Tianfu Communication [1][3]. Market Performance - The largest and most liquid AI ETF on the ChiNext, ETF 159363, initially rose nearly 2% but ended the day down 0.8%, with a total trading volume of 766 million yuan [1][5]. Stock Movements - The decline in the computing power sector, particularly in optical modules, is attributed to major shareholders' sell-offs, with New Yisheng's chairman planning to sell approximately 11.43 million shares for about 4.18 billion yuan [3][4]. - Despite the sell-offs, analysts believe that the core reasons for these actions are related to personal financial arrangements rather than the companies' operational performance, suggesting that the high growth and strong fundamentals in the optical module industry provide a solid support for stock prices [3][4]. Industry Trends - The computing power sector is expected to see sustained capital expenditures, with both domestic and international investments increasing. Analysts recommend focusing on new technologies and products in this area [3][4]. - OpenAI's recent announcements, including the launch of the Sora 2 model and significant agreements with major tech companies like NVIDIA and AMD, highlight the ongoing high demand and growth potential in the AI sector [4][5]. Investment Strategy - The investment strategy for October emphasizes the continued high demand for AI infrastructure, with North American cloud service providers projected to increase capital expenditures by 40% year-on-year, exceeding 370 billion USD by 2025 [5]. - Investors are encouraged to focus on optical devices and modules, particularly the first AI ETF on the ChiNext, which has a significant allocation towards computing power and AI applications [5].

出品｜搜狐科技 作者｜郑松毅 编辑｜杨锦 一项巨额融资计划，一个超级数据中心，一场重塑全球AI竞争格局的算力争夺战正在加剧。 近日，据知情人士透露，马斯克旗下人工智能初创公司xAI有望完成一项总额高达200亿美元（约合人民币1429亿元）的新一轮融资。 若融资顺利完成，xAI的估值有望突破1200亿美元，成为继OpenAI今年初400亿美元融资后，全球初创企业史上第二大单轮融资。 英伟达深度参投，从"军火商"变为"银行" 与此前融资模式不同，此轮200亿美元的资金被巧妙地分为两部分：约75亿美元的股权融资和125亿美元的债务融资。而这125亿债务的抵押品，不是公司股 权，也不是现金流，而是英伟达的GPU芯片。 值得注意的是，英伟达还将作为股权投资者深度参与此轮融资，投资额最高达20亿美元（约合人民币143亿元），意味着芯片巨头与AI独角兽的合作进入了 新阶段。 很多人好奇，这是马斯克想出的什么新玩法，为何英伟达甘愿跟进？ 简单来说，xAI此次融资采用了与芯片采购直接挂钩的创新结构。通过设立特殊目的载体（SPV），从华尔街借钱买芯片，xAI再通过五年租赁合同获得这些 芯片的使用权。 业内人士分析，设立SPV的核 ...