2025年末， 国产GPU行业迎来一场资本的盛宴。 12月5日， 摩尔线程率先登陆科创板， 成为"国产GPU第一股"， 期间最高价达到941.08元／股， 涨幅超过700％， 总市值超过4400亿元。 ▲摩尔线程K线图。 不到半个月， 沐曦股份同样在科创板挂牌上市， 开盘暴涨超568％， 坐上A股史上"最赚钱新股"的宝座。 紧随其后， 壁仞科技通过港交所聆讯； 而燧原科技也在A股排队候场。 被业界称为"GPU四小龙" 的四家国产GPU企业， 几乎同步敲响了资本市场的大门。 业内人士普遍认为，这场"狂欢"的背后，并非单纯的故事性炒作，而是一场由国家战略驱动、产业需求牵引、地方生态支撑的系统性变革——人工智能进 入"算力为王"时代，GPU作为AI时代的"新石油"，正成为科技自立自强的关键战场。 算力缺口催生国产GPU"奇兵" 过去三年， 全球大模型竞赛如火如荼。 中国AI创新力量频频亮相国际舞台。 但一个现实始终存在：训练这些模型所需的高端GPU长期依赖进口，尤其受制于海外出口管制，"一卡难求"已成为行业常态。 "以前，主要是互联网大厂有算力需求，它们也倾向于建设自己的算力平台。"位于两江协同创新区的人工智能公共 ...

Group 1 - Digital security is crucial for national security, economic development, and social stability, with digitalization becoming a key feature for high-quality development across various industries, including finance [1] - The rapid advancement of technology in digital finance has led to increased risks, such as cyberattacks and data breaches, particularly with the integration of AI, which can facilitate more frequent and lower-barrier attacks on financial institutions [1] - There is a consensus in the industry that regulatory bodies must enhance planning and oversight, while technology companies and financial institutions need to collaborate to strengthen technical safeguards and establish a comprehensive protection system for data integrity, confidentiality, and availability [1] Group 2 - Data security governance is essential for the stable operation of financial institutions, the healthy development of financial markets, and the interests of consumers, with increasing emphasis on data governance and security issues in the digital finance sector [2] - Recent government policies, such as the "Network Data Security Management Regulations" and the "Data Security Management Measures for Banking and Insurance Institutions," outline the direction for data security protection and emphasize the establishment of a governance system aligned with business goals [2] - Despite the growing attention to data security governance and the continuous improvement of related policies, there are still significant challenges in the practical implementation within the financial sector [2] Group 3 - The central economic work conference emphasizes the need for coordinated efforts to combat illegal financial activities, particularly those exploiting technology for unlawful purposes [3] - Enhancing computing power security is identified as a critical step in ensuring digital financial security, with plans to strengthen data classification and protection, and to implement strict management of important data [3] - Financial institutions are encouraged to establish monitoring mechanisms, improve standardization and regulation, and invest in talent development to enhance their data security risk assessment and management capabilities [3]