再说说"易中天"，这三天跟踩了轻刹车似的，一天接着一天往下走，估计不少兄弟心里犯嘀咕：这是要"掉头"还是"歇脚"？我倒觉得，你回头看看它前段时 间的走势，跟爬小坡似的一步步往上赶，现在连着调三天，更像是把之前攒的那点"虚火"泄一泄。就跟咱家里养的花，浇多了水得透透气，不然根容易闷 着；这票涨快了，也得让短期的资金"换个岗"，后面才能走得更稳当。 做财经记者那20年，我没学会盯着K线"猜涨跌"，反倒摸清了一个理儿：盘面再晃，心里的"秤"不能晃。不管是英伟达链的调整，还是"易中天"的连杀，本 质上都不是"天塌下来"的事儿，就是市场里的资金在"换个姿势走路"。咱做中长线的，就像种庄稼，不能刚撒完种子就天天扒土看，得等它慢慢扎根、长 叶，急不来。 所以今儿个跟大家唠这些，不是给咱打气，是想多说一句：盘面里的"风吹草动"多着呢，咱跟着慌没用。记住，看清楚背后的逻辑，比盯着分时图里的"红 绿色"管用；沉住气等趋势，比跟着短期资金"追涨杀跌"踏实。后面盘面再有啥动静，咱接着唠，咱做投资，求的就是个"心里有数，手里不慌"。 兄弟们，早盘盯着盘面的时候，是不是跟我一样，眼睛黏在"英伟达链"那串票上，越看越有点发紧？不是咱慌，是 ...

Group 1 - The A-share market showed mixed performance on September 11, with the Shanghai Composite Index rising by 1.12%, the Shenzhen Component Index increasing by 2.63%, and the ChiNext Index gaining 4.31% to surpass 3000 points, with a total trading volume of 1.5 trillion yuan [1] - The AI industry chain stocks experienced a significant surge, with sectors such as CPO, PCB, and copper-clad laminates leading the gains [2] - The Nvidia industry chain index rose over 4%, with notable individual stock performances including Industrial Fulian reaching a historical high with a market cap exceeding 1.17 trillion yuan, and other companies like Huagong Technology and Cambrian Technologies also seeing substantial gains [4] Group 2 - OpenAI reportedly signed a deal to purchase $300 billion worth of computing power from Oracle over approximately five years, leading to a 36% surge in Oracle's stock price and a market cap increase of about $250 billion in one day [4] - The growth potential of the computing power industry chain is being re-evaluated in the A-share market, with leading companies showing a positive correlation between performance and stock prices, indicating a robust demand driven by global AI infrastructure expansion [4][5] - Domestic internet giants, including Alibaba, Tencent, and Baidu, reported a combined capital expenditure of 55.012 billion yuan in Q1 2025, reflecting a year-on-year growth rate of 99.38%, as they increase investments in AI-related businesses [6]

Market Overview - On September 11, A-shares showed mixed performance with the Shanghai Composite Index rising by 1.12% to 3855.10, while the Shenzhen Component Index increased by 2.63% to 12887.73, and the ChiNext Index surged by 4.31% to 3029.58 [1][2] - The total trading volume in the Shanghai and Shenzhen markets reached 1.5 trillion yuan, with over 3300 stocks rising [1][2] Sector Performance - AI-related sectors such as CPO, PCB, and copper-clad laminates led the market gains, while innovative drugs and weight-loss drugs initially opened lower but later rebounded [3][4] - The Nvidia supply chain index saw a rise of over 4% [5] Individual Stock Highlights - Industrial Fulian hit a historical high with a market capitalization exceeding 1.17 trillion yuan; other notable stocks included Qingshan Paper and Zhongke Shuguang, both of which also saw significant gains [7] AI Industry Insights - OpenAI reportedly signed a deal to purchase $300 billion worth of computing power from Oracle over five years, leading to a 36% surge in Oracle's stock and a market cap increase of approximately $250 billion in one day [10] - The growth of the computing power industry chain is being re-evaluated in the A-share market, with leading companies showing strong performance and stock price resonance, indicating a robust demand driven by global AI infrastructure expansion [10] - Companies not directly involved in cutting-edge chip production are still gaining significant positions in the global supply chain due to their precision manufacturing and scale advantages [10] Capital Expenditure Trends - Major cloud service providers like Microsoft, Amazon, Meta, and Google are expected to increase their capital expenditures by 69% year-on-year to $87.4 billion by Q2 2025, reflecting the growing demand for AI applications [11] - Domestic internet giants, including Alibaba, Tencent, and Baidu, reported a combined capital expenditure of 55.012 billion yuan in Q1 2025, marking a year-on-year growth of 99.38% as they intensify investments in AI-related businesses [12] Market Sentiment and Future Outlook - Despite recent volatility in the optical communication sector, strong demand and large orders in the overseas AI computing power market suggest a stable fundamental outlook for the optical module industry [12] - The rapid development of generative AI models and their accelerated application deployment are expected to drive continuous iterations in AI computing infrastructure, benefiting leading companies with strong commercial ties to clients [12]

Core Viewpoint - Industrial Fulian's stock surged to its limit due to the launch of Apple's new iPhone models, particularly the iPhone Air, which is touted as the "thinnest iPhone ever" [2][5][6] Stock Performance - On September 10, Industrial Fulian opened at 51.60 CNY per share, reaching a high of 5.76% before hitting the limit up at 9:48 AM, and closing at 53.67 CNY with a total trading volume of 183.1 billion CNY [3][4] - The company's market capitalization increased by 969.17 billion CNY, surpassing 1 trillion CNY again [4] Partnership with Apple - Industrial Fulian has a long-standing and stable partnership with Apple, being a key player in the production of iPhones and AI servers [5][6] - The company has been expanding its workforce to meet the production demands for the iPhone 17 series, indicating a strong operational capacity [5] Research and Development Investment - Industrial Fulian has consistently invested over 10 billion CNY annually in R&D from 2020 to 2024, with specific figures of 100.38 billion CNY, 108.35 billion CNY, 115.88 billion CNY, 108.11 billion CNY, and 106.31 billion CNY [7][8] - In the first half of 2025, R&D investment reached 50.95 billion CNY, reflecting a year-on-year increase of 4.49% [8] Financial Performance - In the first half of 2025, Industrial Fulian reported a revenue of 360.76 billion CNY and a net profit of 121.13 billion CNY, marking a year-on-year growth of 35.58% and 38.61% respectively [9] - The company's AI server revenue in the cloud computing sector is steadily increasing, with overall server revenue growing over 50% and AI server revenue increasing by over 60% in the second quarter [9]

Core Insights - Industrial Fulian's stock surged, increasing its market value by 78.6 billion yuan in a single day, surpassing 860 billion yuan and reaching a historical high, ranking eighth in A-share market capitalization [1] - The company's market value has increased by 142.5 billion yuan this week and has risen by 109% since the beginning of the year [1] - Strong partnerships with Apple and Nvidia have positioned Industrial Fulian as a leader in AI computing power, driving its stock price to new heights [1] Group 1: Partnership with Apple - Industrial Fulian has a long-term and stable partnership with Apple, which has established a strong foundation of trust [2] - The collaboration has allowed Industrial Fulian to develop core capabilities in precision manufacturing, quality stability, and rapid delivery [2] - The company has adapted to technological advancements and is now extending its business into AI servers and other cutting-edge products [2] Group 2: AI Server Growth - Industrial Fulian's core business includes cloud computing, communication equipment, and industrial internet, with cloud computing becoming a new growth engine due to the AI wave [4] - The market perceives the growth path of Industrial Fulian's cloud computing business in three stages: short-term production delivery, mid-term capacity release, and long-term AI computing penetration [4] - AI server revenue is expected to account for about 70% of total server revenue, with strong demand and new customer development ongoing [4] Group 3: Financial Performance - Industrial Fulian reported impressive financial results, achieving revenue of 360.76 billion yuan in the first half of the year, a year-on-year increase of 35.6% [5] - The net profit attributable to shareholders reached 12.11 billion yuan, growing by 38.6% year-on-year, both marking historical highs for the period [5] - The company's strategic positioning in core industry sectors and deep ties with major players have been key drivers of its performance [5]

Group 1 - The article discusses the U.S. President Trump's announcement to place the Washington D.C. police under federal control and deploy the National Guard to restore law and order in the capital [1] - Trump declared a public safety emergency in Washington D.C. and emphasized the need to remove homeless individuals from the area, offering them housing away from the capital [1] - The Mayor of Washington D.C. countered Trump's claims, stating that the crime rate in the area has significantly decreased and there is no current surge in criminal activity [1] Group 2 - The article mentions the emergence of a competitive market for GLP-1 drugs, projected to reach a market size of $100 billion [2] - It highlights the impressive performance of Industrial Fulian, which reported record high earnings, contributing to the "Apple chain" and "NVIDIA chain" [2] - The article notes a significant increase in visits to real estate projects in Beijing, with some projects experiencing a 200% surge in inquiries following new housing policies [2]