以下文章来源于朝阳永续 ，作者AI 小二 朝阳永续 . 走在中国行业前沿的大数据服务商，秉持专业、前瞻、实务的理念，让数据更有价值！ 近日，"Meta与谷歌洽谈TPU合作，谷歌网络架构OCS引关注"的信息让A股相关概念股再度沸腾。A股市场从"果链 "、"T链 "炒到过"达链"，诞生了众多长 牛。而Gemini3、TPU等热点后，"歌链"究竟又有哪些值得挖掘的核心公司？不妨让AI小二挖一挖研报中卖方分析师的观点。 | 表格 | | | [ 复制 | | --- | --- | --- | --- | | 细分领域 | 核心投资逻辑 | 相关A股上市公司 | 资料来源 | | 光模块/光器 | 谷歌TPU集群及数据中心扩容的核心需求，速率向1.6T升 | 中际旭创、新易盛、天孚通信、源杰科技、 | 6 17 | | 件 | 级，直接受益于资本开支高景气。 | 仕佳光子、太辰光 | 18 | | OCS光交换 | 谷歌引领的技术革新，用于替代传统交换机，能显著提升性 | 腾景科技、德科立、光库科技、炬光科技、 | 6 17 | | | 能、降低功耗和资本开支。 | 塞微电子、光迅科技 | 23 | | 芯片设计与制 ...

Core Viewpoint - The storage sector in the U.S. stock market experienced a rally, driven by significant price increases in storage chips by Samsung Electronics due to soaring demand from AI data centers and cloud computing giants [1] Group 1: Market Performance - U.S. storage stocks saw gains, with SanDisk Corp rising over 5%, Micron Technology increasing over 4%, Western Digital up over 2%, and Seagate Technology turning positive [1] Group 2: Price Adjustments - Samsung Electronics has reportedly raised prices for certain critical storage chips by up to 60% compared to September, reflecting a severe shortage driven by the exponential demand from AI data center construction [1] Group 3: Demand Dynamics - Morgan Stanley noted a fundamental shift in the drivers of the storage supercycle, with demand now coming from AI data centers and cloud service giants rather than traditional price-sensitive consumer electronics customers [1] - The strategic necessity of acquiring storage products, including DRAM and NAND, has led to a significant reduction in price sensitivity among these new demand sources [1] - The substantial capacity required for High Bandwidth Memory (HBM) is structurally constraining the production capacity of DDR4 and DDR5 for the three major storage giants [1]

Group 1 - Rumble Inc. is pursuing an all-stock acquisition offer for Northern Data AG, valuing the target company below its current market capitalization of $894 million [1] - The deal is supported by Tether Holdings Ltd, and an announcement may come in the next few days [1] - If successful, the acquisition will enable Rumble to enter the cloud computing service provider sector [1] Group 2 - The initial plan was to create a merged entity valued at approximately $4.5 billion, with Northern Data shareholders holding one-third of Rumble's shares [2] - Due to significant declines in stock prices, the current valuation of the new entity is estimated at $2.9 billion [2] - Northern Data is under criminal investigation regarding potential fraud related to tax benefits claimed for GPU purchases, which may have been used for cryptocurrency mining instead of AI [2] Group 3 - Northern Data recently announced the sale of its cryptocurrency mining division, Peak Mining, for up to $200 million to an undisclosed buyer, who is also linked to Tether [2] - The sale comes amid pressure from Tether to repay a €575 million loan [2]

Core Points - On October 20, 2023, Amazon Web Services (AWS) experienced a significant outage that affected numerous companies and services globally, highlighting the vulnerability of modern technological infrastructure [1][4][10] - The outage began in the US-EAST-1 region and quickly spread, resulting in over 6.5 million reports of service disruptions from users worldwide [10][21] - Major companies and platforms, including airlines, financial services, and e-commerce, reported significant operational challenges due to the AWS failure [8][14][22] Group 1: AWS Outage Details - The outage started around 3 AM ET and primarily impacted the AWS US-EAST-1 region, with reports of service failures escalating rapidly [4][10] - Affected services included Amazon's own e-commerce platform, as well as third-party applications like Snapchat, Robinhood, and PayPal's Venmo [8][24] - The UK government’s website and tax services also faced interruptions, affecting public access to essential services [10] Group 2: Impact on Various Industries - Airlines such as Delta and United experienced service disruptions, leading to difficulties in updating flight statuses and managing passenger check-ins [14][16] - Financial institutions like Barclays Bank reported issues with online banking and mobile applications, causing transaction errors for users [25] - Fast-food chains like McDonald's faced challenges with online ordering systems, impacting customer service during peak hours [26] Group 3: User Reports and Response - Over 1.4 million reports came from the US, with significant numbers also from the UK, Netherlands, and Australia, indicating widespread impact [11] - AWS began implementing initial mitigation measures by 5:22 AM ET, but further connectivity issues were reported later in the morning [13] - The incident has drawn comparisons to previous outages, emphasizing the critical role AWS plays in supporting global internet infrastructure [18]

Core Points - AWS experienced a significant service outage on the 20th, affecting numerous companies and popular websites globally [1][2] - The outage led to increased error rates and delays in multiple AWS services, particularly in the eastern United States [1] - Major brands impacted include Amazon's e-commerce, Robinhood, Coinbase, AI platform Perplexity, Lyft, United Airlines, Disney, and McDonald's [1] - The root cause of the outage was confirmed to be an issue with AWS, prompting companies to work on restoring services [1][2] Summary by Category - **Service Impact** - AWS services experienced a rise in error rates and delays, disrupting online operations for various companies [1] - Users of cloud gaming platforms like Roblox and Fortnite reported service interruptions due to the outage [2] - Coinbase users faced difficulties accessing the platform as a result of the AWS failure [2] - **Geographical Impact** - The outage affected not only U.S. companies but also led to service disruptions for several UK banks and telecom providers [2] - The UK’s HMRC reported issues with online services due to the AWS outage, and they are collaborating with Amazon for recovery [2] - Lloyds Bank and its subsidiaries experienced interruptions in online and payment services [2] - **Response and Recovery** - AWS is actively working on a multi-path parallel solution to expedite service recovery [1] - Companies affected are making efforts to resolve the issues stemming from the AWS outage [1][2]

Core Points - AWS experienced a significant service outage on the 20th, affecting numerous companies and popular websites globally [2][3] - The outage was confirmed by AWS, which reported increased error rates and delays in multiple services in the eastern United States [2] - Major brands impacted include Amazon's e-commerce, Robinhood, Coinbase, Perplexity, Lyft, United Airlines, Disney, and McDonald's [2] - The root cause of the outage was identified as an issue within AWS, with companies working to resolve the problems [2][3] Summary by Sections - **Service Impact**: The AWS outage led to disruptions in online services for various sectors, including e-commerce, finance, and entertainment, with users unable to access platforms like Coinbase and gaming services such as Roblox and Fortnite [3] - **Geographical Reach**: The service disruption was not limited to the U.S.; it also affected users in the UK, where banks and telecom services reported issues [3] - **Response Efforts**: AWS is actively working on restoring services through a multi-path parallel recovery approach, collaborating with affected companies to expedite the resolution [2][3]

Core Points - Amazon Web Services (AWS) experienced a service outage on October 20, affecting global network connections and causing disruptions to multiple popular websites and applications [2] - AWS confirmed an increase in error rates and delays in several services located in the eastern United States [2] - The outage impacted various sectors, including e-commerce, video services, and voice assistants, with significant disruptions reported by numerous companies [2] Summary by Category Service Impact - The service interruption led to widespread issues for many U.S. websites and applications, with specific mention of Amazon's shopping site and video services experiencing problems [2] - The outage also affected several UK banks and telecom service providers, as monitored by a network tracking platform [2] Response and Recovery - AWS is actively working on restoring services through a multi-path parallel approach [2] - The CEO of an AI company noted that the root cause of the downtime was related to AWS issues, indicating ongoing efforts to resolve the situation [2] AWS Overview - AWS provides on-demand computing power, data storage, and other digital services to government, businesses, and individuals, making its service continuity critical for dependent platforms [2]

Company Overview - UCloud Technology Co., Ltd. is located at 619 Longchang Road, Yangpu District, Shanghai, established on March 16, 2012, and listed on January 20, 2020. The company specializes in neutral third-party cloud computing services, providing a secure and reliable cloud computing service platform for clients [1]. Business Segmentation - The revenue composition of UCloud is as follows: Public Cloud 50.63%, Hybrid Cloud 35.41%, Cloud Communication 8.26%, Private Cloud 2.75%, Solutions and Others 1.90%, and Edge Cloud 1.05% [1]. Stock Performance - On September 23, UCloud's stock fell by 5.02%, closing at 25.16 CNY per share, with a trading volume of 676 million CNY and a turnover rate of 6.43%. The total market capitalization is 11.481 billion CNY [1]. Fund Holdings - UCloud is a significant holding in one fund managed by Guotai Asset Management. The Guotai Junan Quantitative Stock Mixed Fund A (016466) held 275,100 shares in the second quarter, accounting for 0.67% of the fund's net value, ranking as the fourth-largest holding. The estimated floating loss today is approximately 365,900 CNY [2]. Fund Performance - The Guotai Junan Quantitative Stock Mixed Fund A was established on August 18, 2022, with a current size of 458 million CNY. Year-to-date, it has returned 31.76%, ranking 2795 out of 8172 in its category. Over the past year, it has achieved a return of 68.83%, ranking 1793 out of 7995, and since inception, it has returned 45.67% [2]. Fund Manager - The fund manager of Guotai Junan Quantitative Stock Mixed Fund A is Hu Chonghai, who has been in the position for 3 years and 284 days. The total asset size under management is 8.512 billion CNY, with the best fund return during his tenure being 71.61% and the worst being -0.53% [3].

Core Insights - The majority of new revenue for Oracle is expected to stem from its partnership with OpenAI, indicating a significant reliance on this deal for future growth [1] Company Summary - Oracle's revenue growth is heavily influenced by its collaboration with OpenAI, suggesting that advancements in AI technology will play a crucial role in the company's financial performance [1]

Core Insights - The company reported a revenue of 5.85 billion yuan for the first half of the year, representing a year-on-year growth of 2.41% [1] - The net profit attributable to shareholders was 729 million yuan, showing a significant year-on-year increase of 29.39% [1] - Basic earnings per share stood at 0.5 yuan per share [1] Business Development - The company continues to advance its research and manufacturing in high-end computers, storage, security, and data center products, with a particular focus on digital infrastructure and intelligent computing [1] - An upgraded super-intelligent integration solution was launched, enhancing the compatibility and efficiency of services through deep integration of high-performance computing and artificial intelligence technologies, facilitating the application of large model training and inference [1] - Positive progress was made in storage products, with the ParaStor series storage systems receiving high market recognition and winning bids for distributed storage procurement from China Mobile for six consecutive years [1] - The FlashNexus series all-flash storage performed excellently in international storage performance committee tests, earning multiple industry awards [1] - The company is expanding its business in cloud computing services and data center construction, introducing several innovative services to further enhance market competitiveness [1]