Group 1 - The AI computing power industry chain remains active, with the CSI 5G Communication Theme Index rising by 2.03% as of 09:43 on November 27, highlighting strong performance among component stocks such as Guanghetong (up 6.44%) and Industrial Fulian (up 5.70%) [1] - Dongwu Securities indicates that the demand for computing power solutions is robust under the AI narrative, suggesting that the computing infrastructure market is still in a phase of rapid expansion and has not yet reached a saturation point [1] - The 5G Communication ETF (515050) has seen a recent increase of 2.07%, marking its third consecutive rise, with a one-week cumulative increase of 2.43% as of November 26, 2025 [1] Group 2 - The 5G Communication ETF (515050) tracks the CSI 5G Communication Theme Index and has a current scale exceeding 8 billion yuan, with significant growth of 2.263 billion yuan over the past six months [2] - The ETF focuses on key players in the industry, including Nvidia, Apple, and Huawei, with top holdings including Zhongji Xuchuang, New Yisheng, and Lixun Precision [2] - The ETF has various connecting options available for investors, including multiple classes of the 华夏中证5G通信主题ETF联接 [2]

截至2025年11月25日 10:29，云计算ETF天弘(517390)盘中换手3.22%，成交1244.89万元。跟踪的中证沪港 深云计算产业指数(931470)强势上涨3.61%，成分股中际旭创(300308)上涨7.15%，卫宁健康(300253)上涨 6.94%，新易盛(300502)上涨6.92%，石基信息(002153)，星网锐捷(002396)等个股跟涨。 拉长时间看，截至11月24日，云计算ETF天弘(517390)近1年规模增长3.28亿元，实现显著增长。 计算机ETF(159998)盘中换手2.09%，成交5255.44万元。跟踪的中证计算机主题指数(930651)强势上涨 1.74%，成分股卫宁健康(300253)上涨6.94%，石基信息(002153)上涨6.38%，协创数据(300857)上涨6.36%， 千方科技(002373)，浪潮信息(000977)等个股跟涨。 拉长时间看，截至11月24日，计算机ETF(159998)近1年规模增长4.42亿元，近1周份额增长6600.00万份， 实现显著增长。 从资金净流入方面来看，计算机ETF(159998)近5天获得连续资金净流入，合计 ...

Core Viewpoint - The company "Moore Threads" is set to launch its IPO on the Sci-Tech Innovation Board, with a total share issuance of 70 million shares at a price of 114.28 yuan per share, aiming to raise approximately 8 billion yuan in total funds [1][2]. Group 1: Company Overview - Moore Threads was established in June 2020 and officially began operations in October 2020, recognized as a "specialized, refined, distinctive, and innovative" small giant enterprise by the state [2]. - The company specializes in the research, design, and sales of full-function GPU-related products and is one of the few domestic manufacturers capable of supporting full computational precision from FP8 to FP64 [2]. - The founder and actual controller, Zhang Jianzhong, has over ten years of experience at NVIDIA, where he served as global vice president and general manager for China [2]. Group 2: Financial Information - After the issuance, the total share capital of Moore Threads will be 470 million shares, leading to an estimated market capitalization of 53.7 billion yuan at the IPO price [2]. - The company has shown significant revenue growth but remains in a loss-making phase, with revenues of 0.46 million yuan in 2022, 1.24 million yuan in 2023, and projected 4.38 million yuan in 2024, while net losses were 1.894 billion yuan, 1.703 billion yuan, and 1.618 billion yuan respectively [3]. - In the first half of 2025, the company achieved revenues of 702 million yuan, surpassing the total revenue of the previous three years, with a net loss of 271 million yuan [3]. Group 3: Market Outlook - The company expresses strong confidence in the future development of the industry, anticipating explosive growth in demand for GPU and computing infrastructure driven by the increasing application of AI [3]. - According to Frost & Sullivan, the GPU market in China is expected to grow to 1.363578 trillion yuan by 2029, indicating a positive outlook for the development of computing infrastructure [3]. - The management team estimates that the company could achieve consolidated profitability as early as 2027 based on market space, product development, and customer engagement [3].

Core Viewpoint - Moer Thread, known as the "first domestic GPU stock," is set to launch on the Sci-Tech Innovation Board with a share price of 114.28 yuan, aiming to raise 8 billion yuan in total funds [1][2]. Group 1: Company Overview - Moer Thread plans to issue 70 million shares, with a total market capitalization expected to reach 53.7 billion yuan upon listing [2]. - The company was established in June 2020 and has become one of the few domestic GPU manufacturers capable of supporting full computational precision from FP8 to FP64 [2]. - Moer Thread's founder, Zhang Jianzhong, has over ten years of experience at NVIDIA, which has influenced the company's technology direction towards "full-function GPUs" [2]. Group 2: Financial Performance - Moer Thread has shown significant revenue growth but remains in a loss-making phase, with revenues of 0.46 million yuan in 2022, 1.24 million yuan in 2023, and projected 4.38 million yuan in 2024 [3]. - The company reported a net loss of 18.94 million yuan in 2022, 17.03 million yuan in 2023, and 16.18 million yuan in 2024, with a loss of 2.71 million yuan in the first half of 2025 [3]. Group 3: Market Outlook - The demand for GPU and computing infrastructure is expected to surge due to the increasing applications of AI, with the Chinese GPU market projected to grow to 1.363 trillion yuan by 2029 [3]. - Management is optimistic about achieving profitability by 2027 based on market space, product development, and customer engagement [3].

作者丨彭新 编辑丨包芳鸣 11月21日，OpenAI正式宣布与电子制造巨头富士康（Foxconn）达成战略合作，双方将围绕新一代人工 智能（AI）基础设施硬件的设计与制造展开协作。 从协议内容来看，这并非一份代工合同，而是一份联合研发框架协议。OpenAI将分享其对人工智能行 业新兴硬件需求相关洞察，为富士康在美国工厂制造的硬件设计与开发提供参考依据。富士康将依据 OpenAI的设计参考，在美国工厂制造关键硬件。 OpenAI首席执行官萨姆·阿尔特曼（Sam Altman）在声明中称："先进人工智能背后的基础设施为美国重 振工业化提供了千载难逢的机遇，并有助于确保AI的好处得到广泛分享。" 值得注意的是，目前双方达成的仅为初步协议，不包含具体采购承诺，这意味着双方的协议存在不确定 性。 密集布局AI产业链上下游 富士康的加入，是OpenAI试图掌控算力基础设施自主权的一环。近期多种迹象表明，OpenAI正从单纯 依赖云服务商的轻资产模式，向自建数据中心的重资产模式转型。 这一战略转变在人事层面已有体现。就在宣布与富士康合作的前夕，11月10日，英特尔前首席技术官 Sachin Katti在社交媒体上确认加入O ...

市场早盘下挫，双创板块高开低走延续调整，截至11点20分，科创板50指数下跌0.8%，创业板指 数下跌0.7%。虽然近期科技成长风格震荡，但相关ETF却持续获资金加码，Wind数据显示，科创板 50ETF（588080）昨日获1亿元资金净流入，创业板ETF（159915）则连续4个交易日"吸金"，合计超20 亿元。 科创板50ETF（588080）、创业板ETF（159915）均实行ETF中最低一档0.15%/年的管理费率，可 助力投资者低成本布局科技成长板块。 每日经济新闻 （责任编辑：董萍萍 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 消息面上，谷歌近日正式发布其新一代人工智能模型Gemini3，该模型在编程、应用开发与图像生 成等复杂任务方面能力显著增强，能够更精准理解用户意图，以更少提示生成高质量结果，此次发布或 意味着全球AI竞赛进一步升级，科技巨头持续加大投入，有望为算力基础设施及AI ...

证券日报网讯 九联科技11月19日在互动平台回答投资者提问时表示，公司是华为昇腾的APN合作伙 伴，公司积极布局算力基础设施，包括但不限于算力服务器、边缘算力智能终端、算力网络与调度等。 （编辑 姚尧） ...

Core Viewpoint - The company, Jiulian Technology, is actively developing its computing power infrastructure and is a partner of Huawei Ascend in the APN program [1] Group 1 - Jiulian Technology is a partner of Huawei Ascend, indicating a strategic collaboration in the computing power sector [1] - The company is focusing on various aspects of computing power infrastructure, including computing servers, edge computing intelligent terminals, and computing networks and scheduling [1]

Core Viewpoint - The company, Jiulian Technology (688609.SH), is actively engaged in the development of computing power infrastructure and is a partner of Huawei Ascend in the APN program [1] Group 1 - The company is focusing on various aspects of computing power infrastructure, including but not limited to computing power servers, edge computing intelligent terminals, and computing power networks and scheduling [1]

商务部新闻发言人就美方修改申请专利无效相关规则答记者问。有记者问：美国商务部专利商标局近期发布备忘录，修改专利无效申请的透明度规则，重点审查有 外国背景企业提出的申请。据悉，个别中国企业已收到美方通知，要求其陈述适用专利无效申请的理由。请问商务部对此有何评价？答：中方注意到，美方近期 以"国家安全"为名修改申请专利无效相关规则。中方认为美方做法违反其知识产权相关国际义务，是对中国企业合法权利的歧视性限制。中方将密切关注事态发 展，并采取必要措施，坚决维护中国企业正当合法权益。 2．落实食品安全"两个责任"经验交流会在江苏无锡召开 据市场监管总局消息，11月18日，落实食品安全"两个责任"经验交流会在江苏无锡召开。会议要求，要持之以恒推动食品安全"两个责任"向纵深发展。加强统筹协 调，更好统筹落实属地管理责任和为基层减负工作，鼓励食品生产经营主体细化并执行符合自身实际的风险管控清单。推动健全相关政策法规，将实践经验上升为 制度成果。强化技术支撑，指导企业采用数字化技术手段提高食品安全管理水平。完善保障机制，把食品安全"两个责任"落实情况作为评价地方党委政府食品安全 工作成效的重要内容，切实推动食品安全责任机制落 ...