更多香港上市IPO资讯，敬请浏览: www.ryanbencapital.com 来源：瑞恩资本RyanbenCapital 软银集团(SoftBank Group)(日: 9984)据报正在与数间银行洽谈贷款约50亿美元(约390亿港元)，以投资人 工智能(AI)。 彭博引述消息人士报道，软银以其芯片公司ARM股份作为抵押，以获得一笔保证金贷款，已与数间家 银行接近落实贷款，资金将用于对OpenAI的额外投资。 软银此前已承诺向OpenAI投资高达400亿美元。 OpenAI和软银正共同开发价值5000亿美元的项目「星际之门计划」(Project Stargate)，旨在美国建设更 多人工智能基础设施。该项目是软银计划积极投资人工智能及相关技术的一部分，这也符合该板块的整 体蓬勃发展趋势。 版权声明：所有瑞恩资本Ryanben Capital的原创文章，转载须联系授权，并在文首/文末注明来源、作 者、微信ID，否则瑞恩将向其追究法律责任。部分文章推送时未能与原作者或公众号平台取得联系。 若涉及版权问题，敬请原作者联系我们。 ...

（原标题：舜宇光学 (02382)拟约19.03亿元转让上海奥来并入股歌尔光学 携手歌尔布局 AI/AR 光学业务） 舜宇光学科技(02382)公布，根据与歌尔股份及歌尔光学订立的谅解备忘录，于2025年10月9日，该公司、公司的全资附属舜宇浙江光学、宁波舜 奥、宁波舜承、舜宇浙江光学的全资附属宁波奥来及上海奥来与歌尔股份及歌尔光学订立换股合并协议，据此，宁波奥来(连同宁波舜奥及宁波舜 承)同意以代价约人民币 19.03亿元转让上海奥来全部股权予歌尔光学，以换取歌尔光学新增注册资本合计约人民币5.295亿元。 基于预期的换股合并协议，重组将由宁波奥来及上海奥来实施，据此，宁波舜奥及宁波舜承将认购上海奥来的股权，以使其资产净值达人民币10 亿元。 于完成后，歌尔光学的公司名称将更改为歌尔奥来光学科技有限公司(须经中国工商部门批准及进行登记)。 换股完成后，宁波奥来将持有歌尔光学约30.00%股权以及宁波舜奥及宁波舜承将合共持有歌尔光学约3.33%股权。上海奥来将于换股完成后成为 歌尔光学的全资附属公司。 根据换股合并协议，在换股完成的前提下，宁波奥来与歌尔股份同意通过于完成日期各自向歌尔光学注资人民币2亿元及2 ...

舜宇光学科技(02382)公布，根据与歌尔股份（002241）及歌尔光学订立的谅解备忘录，于2025年10月9 日，该公司、公司的全资附属舜宇浙江光学、宁波舜奥、宁波舜承、舜宇浙江光学的全资附属宁波奥来 及上海奥来与歌尔股份及歌尔光学订立换股合并协议，据此，宁波奥来(连同宁波舜奥及宁波舜承)同意 以代价约人民币19.03亿元转让上海奥来全部股权予歌尔光学，以换取歌尔光学新增注册资本合计约人 民币5.295亿元。 根据换股合并协议，在换股完成的前提下，宁波奥来与歌尔股份同意通过于完成日期各自向歌尔光学注 资人民币2亿元及2亿元的方式，分别认购歌尔光学新增注册资本约人民币5564万元及约人民币5564万 元。 于认购事项完成后，宁波奥来将持有经认购事项扩大后歌尔光学约31.31%的股权，并将成为歌尔光学 第二大股权拥有人。 公告称，人工智能(AI)正在全球迅速发展，而部分新AI产品，例如AI智能眼镜和增强现实(AR)硬件，受 到广泛关注，因此普遍预期该等AI及AR产品将在未来数年迅速发展。上海奥来多年来深耕晶圆级微纳 光学领域，并已建立坚实而具竞争力的基础，拥有一支经验丰富的技术人员团队，配备先进的工具、设 备及 ...

特斯拉(TSLA.US)在推出"精简版"Model3与Model Y后，再度成为市场焦点。然而，这两款车型的售价 仍高于其曾向大众市场承诺的3万美元门槛。显然，电动汽车税收抵免政策的到期，已对车企形成更大 压力，促使其将提升产品性价比置于更重要的位置。 Deepwater Asset Management分析师Gene Munster对特斯拉的降价举措表示"赞赏"——此次Model Y价格 下调11%至4万美元，Model3价格则从3.9万美元降至3.7万美元。Munster认为，这一定价调整意味着， 华尔街所期待的特斯拉2026年16%交付量增长目标将更有可能实现。他指出："多数人原本预计特斯拉 会推出简配版Model Y，但实际推出的车型本质上与原版一致，仅在车身颜色和轮毂选择上有所限 制。" Camelthorn Investments顾问Shawn Campbell则表示，此次降价力度可能仍不足够。他在接受采访时 称："从长期来看，这一消息无法解决中国低成本竞争对手在全球市场带来的挑战。在我看来，特斯拉 需要推出一款售价低于3万美元的电动汽车。" Seeking Alpha投资团队负责人Daniel ...

Core Viewpoint - AMD's stock price surged nearly 34% following the announcement of a partnership with OpenAI to deploy a total of 6GW of AMD GPU computing power, significantly boosting investor confidence and market expectations for the company [1][5][7]. Market Performance - On October 6, 2023, major U.S. stock indices opened higher, with the Dow Jones up 0.14%, S&P 500 up 0.28%, and Nasdaq up 0.45% [1][2]. - AMD's stock price reached $220.32 per share, with a total market capitalization exceeding $350 billion [3][5]. Economic Outlook - Analysts from Goldman Sachs predict that upcoming earnings reports will exceed expectations due to strong economic performance and a robust outlook in the AI sector, suggesting that current profit forecasts are overly conservative [2]. - The Federal Reserve is expected to lower interest rates in October and December, with probabilities of 94.6% and 99% respectively, which may influence market dynamics [3]. Partnership Details - AMD issued warrants for up to 160 million shares to OpenAI, with the first tranche unlocking upon the deployment of 1GW of computing power, and further tranches as deployment scales up to 6GW [7]. - The partnership is anticipated to generate hundreds of billions in revenue for AMD and significantly enhance its non-GAAP earnings per share [7].

Core Viewpoint - The election of Kishi Sanae as the leader of the Liberal Democratic Party (LDP) may lead to her becoming Japan's first female Prime Minister, with a shift towards a more moderate and conservative policy stance, alleviating investor concerns about extreme fiscal expansion and pressure on the Bank of Japan [1][2]. Policy Stance - Kishi Sanae's campaign reflected a pragmatic shift from her previous hardline positions, avoiding past statements on cutting consumption tax or opposing interest rate hikes, which helped her gain more support within the LDP [2][3]. - The concept of "Responsible Expansionary Fiscal Policy" proposed by Kishi emphasizes strategic fiscal mobilization to address social issues, aiming for job and income growth, and a gradual reduction of government net debt-to-GDP ratio, contrasting with modern monetary theory (MMT) [2][3]. Economic Policy Influences - Kishi's economic policies are influenced by former advisor Honda Yoshihiro, incorporating traditional measures such as refundable tax credits and the elimination of temporary gasoline taxes [3]. - She has indicated that cutting consumption tax is not a priority and the likelihood of increasing financial income tax in the short term is low, despite previous proposals to raise the tax rate on financial income over 500,000 yen [3]. Monetary Policy Alignment - Kishi respects the independence of the Bank of Japan, aligning her economic judgments with the cautious stance of Bank Governor Ueda Kazuo, which may lead to a cooling of market expectations for imminent interest rate hikes [5]. - If economic recovery is clear and wage growth stabilizes inflation at 2%, Kishi's government would not oppose interest rate increases, indicating a flexible approach to monetary policy [5]. Key Policy Focus Areas - Kishi's administration will prioritize national security, domestic investment, and structural reforms, with a strong emphasis on "economic security" [6]. - Plans include increasing defense spending to 2% of GDP by FY2027, promoting investment in critical sectors like AI, semiconductors, and biotechnology through tax incentives, and establishing a Foreign Investment Review Committee [6]. - Additional reforms aim to address rising prices, enhance energy security, and ensure food safety through agricultural structural reforms [6].

Group 1 - The company announced potential acquisitions involving a limited partnership and a 1% stake in a technology company, aiming to diversify its business and revenue sources [1][2] - The target limited partnership focuses on providing consulting services, including marketing and information technology services, while the target company specializes in intellectual property design, software application services, and customized marketing for new media [1] - The company is committed to transforming its business model to focus on the "biomass gas operation service provider" market in China, aiming for long-term growth despite challenges in the environmental industry [1] Group 2 - The potential acquisitions are seen as attractive investment opportunities that could enhance the company's participation in the Chinese information technology sector and improve shareholder returns [2] - The company recognizes the global trend of integrating IoT and AI technologies across various industries, indicating a strong future potential for digital solutions [2]

Group 1 - The company announced potential acquisitions involving a limited partnership and a 1% stake in a technology company, aiming to diversify its revenue sources and enhance shareholder returns [1][2] - The target limited partnership primarily provides consulting services, including marketing and information technology services, while the target company focuses on intellectual property design, software application services, and customized marketing for new media [1] - The company is committed to transforming its business model to focus on the "Chinese biomass gas operation service provider" market, despite facing challenges in the sustainable development of the environmental protection industry [1] Group 2 - The potential acquisitions are seen as attractive investment opportunities that align with the global trend of integrating IoT and AI technologies across various industries, indicating a promising future for digital solutions [2] - The board believes that the terms of the potential acquisitions and the signing of the memorandum of understanding are fair and reasonable, serving the overall interests of the company and its shareholders [2]

周三，在"Connect 2025"活动中，Meta (META.US)发布多款智能眼镜新品，其中包括首款内置显示屏的 Ray-Ban Display智能眼镜、面向运动员的Oakley Meta Vanguard智能眼镜以及新一代Ray-Ban Meta智能 眼镜。该公司致力于全新一代搭载人工智能(AI)技术的增强现实(AR)智能眼镜，进一步加码AI硬件产品 线。 其中，最受关注的是Meta Ray-Ban Display，定价为799美元，并将于9月30日正式上市。新款内置显示 屏的智能眼镜将配备腕带，通过手势实现对眼镜的控。虽然在活动中展示的这款AI眼镜存在一些小瑕 疵，但公众对该产品的最初反应总体上是积极的。因为演示结果证明了扎克伯格长期以来的观点，即眼 镜将在个人计算和社交互动的未来发展中发挥重要作用。 对于扎克伯格在"Connect 2025"上的主旨演讲，华尔街投行分析师总体上对 Meta 在AI可穿戴设备方面 的进展表示看好。 Wedbush重申"跑赢大盘"评级，目标股价为 920 美元 Wedbush表示："此次活动展示了涵盖AR/VR硬件以及AI能力提升的新产品发布。值得注意的是，该活 动推 ...

智通财经APP获悉，摩根士丹利近日发布美光科技(MU.US)研报，该公司发展态势备受市场关注，其所 处的内存领域消息面密集，同时公司股价与业绩表现、产品市场情况等交织出复杂的图景。大摩给予美 光"Equal-weight(中性)"评级，目标价为135美元。 关于美光在HBM4方面的进展，HBM4将随英伟达的Rubin以及AMD和基于ASIC的系统在2026年下半年 亮相。有报道称，美光决定在HBM基础裸片上采用DRAM工艺而非像海力士或三星那样的逻辑工艺， 对其地位不利;还有报道称英伟达要求的接口速度高于JEDEC标准，海力士和美光都难以达到，使三星 凭借新1C工艺处于更有利竞争地位。不过，该行难以确切知晓具体情况，但美光仍对自身地位充满信 心，公司表示预计2026财年HBM供应会售罄，不过将取决于其定义。且更高速度可能只对部分产品有 要求。该行认为，若存在投资者所权衡的实质性问题，美光管理层不会在HBM4样品交付后还宣称拥有 全球最好的HBM产品。 DDR4的价格在第四季度出现了暴涨，但这对美光科技的影响微乎其微，因为DDR4在美光营收中的占 比极低，仅为个位数以下。这种价格暴涨主要归因于英特尔(INTC. ...