阿里巴巴(BABA.US)涨超5.5%，万国数据(GDS.US)涨超7.6%，腾讯音乐(TME.US)涨超3%。 周四，中概股盘中拉升，截至发稿，哔哩哔哩(BILI.US)涨超7%，消息上，摩根士丹利认为，哔哩哔哩 的广告业务表现稳健，但游戏业务前景未明朗，对其美股给予"与大市同步"评级，目标价为26美元。此 外，哔哩哔哩计划于2026年投资AI基础设施以提升算法精准度，并有望继续与央视合作，进一步加强 品牌影响力。 ...

智通财经APP获悉，周四，中概股盘中拉升，截至发稿，哔哩哔哩(BILI.US)涨超7%，消息上，摩根士 丹利认为，哔哩哔哩的广告业务表现稳健，但游戏业务前景未明朗，对其美股给予"与大市同步"评级， 目标价为26美元。此外，哔哩哔哩计划于2026年投资AI基础设施以提升算法精准度，并有望继续与央 视合作，进一步加强品牌影响力。 阿里巴巴(BABA.US)涨超5.5%，万国数据(GDS.US)涨超7.6%，腾讯音乐(TME.US)涨超3%。 ...

智通财经APP注意到，2025年股市最炙手可热的领域在新的一年依然火热，但这种毫无停歇的势头让一些华尔街专业人士不禁怀疑，逆转行情是否即将到 来。 存储芯片制造商是去年标普500指数中表现最佳的板块，因为用于建设人工智能基础设施的海量资金逐渐渗透到科技行业中一些传统上较为沉寂的领域。以 闪迪(SNDK.US)、西部数据(WDC.US)、希捷科技(STX.US)和美光科技(MU.US)等公司为首的该板块，在2026年初依然领跑指数。 在英伟达首席执行官黄仁勋强调AI生态系统需要更多内存和存储后，闪迪在今年首个交易日飙升16%，周二再度暴涨28%。该股周三上涨1.1%，年初四个交 易日累计涨幅达49%。与此同时，西部数据、希捷和美光在2026年开局均录得两位数涨幅，不过这三只股票周三均有所下跌。 闪迪股价在2025年暴涨559%，领跑标普500指数，西部数据、美光和希捷紧随其后，占据该指数涨幅榜前四位。 存储和内存类股上涨 存储芯片股上涨的主要推动力是AI基础设施支出热潮，以及需求激增导致存储芯片等零部件价格上涨。但许多投资者质疑如此巨大的涨幅是否合理，尤其 是在越来越多的人质疑AI相关资本支出能否在未见显著回报 ...

Core Viewpoint - The article highlights the collaboration between Supermicro (SMCI.US) and NVIDIA (NVDA.US) in developing advanced liquid cooling AI infrastructure to support the Vera Rubin platform, which is now in full production. This partnership aims to enhance the deployment of next-generation AI data center solutions. Group 1: Supermicro's Developments - Supermicro announced the expansion of its liquid cooling AI infrastructure to accelerate the delivery of customized data center solutions for NVIDIA's Vera Rubin platform [1] - The company introduced a new liquid cooling solution capable of providing precise cooling for large-scale clusters integrating 72 Rubin GPUs per rack [3] - Supermicro's CEO, Charles Liang, emphasized the company's agile building block solutions and expanded manufacturing capabilities in the U.S. to deliver cutting-edge AI platforms faster than competitors [3] Group 2: Market Reactions - Following the CES announcement, data center cooling stocks experienced a significant decline, with Modine Manufacturing (MOD.US) dropping over 13%, Johnson Controls (JCI.US) and Trane Technologies (TT.US) falling over 7%, and Vertiv Holdings (VRT.US) decreasing over 3% [4] - NVIDIA's CEO Jensen Huang mentioned that servers equipped with the new Rubin chips could operate without water cooling, requiring airflow similar to that of racks with Blackwell chips, which may have influenced market sentiment [4]

智通财经APP获悉，据港交所1月5日披露，澜起科技股份有限公司(简称：澜起科技，688008.SH)通过港 交所主板上市聆讯，中金、摩根士丹利及瑞银为联席保荐人。 据招股书，该公司是一家全球领先的无晶圆厂集成电路设计公司，专注于为云计算及AI基础设施提供创 新、可靠且高效能的互连解决方案。该公司向行业领先的客户提供互连类芯片，包括内存互连芯片及 PCIe(PeripheralComponentInterconnectExpress)/CXL(ComputeExpressLink)互连芯片，应用场景涵盖包括 数据中心、服务器及计算机在内的广泛终端领域。根据弗若斯特沙利文的资料，按收入计算，该公司于 2024年位居全球最大的内存互连芯片供应商，市场份额达36.8%。 该公司的解决方案战略性定位于解决关键的互连市场需求，该领域是赋能云计算、数据中心及AI基础设 施的基石。根据弗若斯特沙利文的资料，全球高速互连芯片市场规模预计将由2024年的154亿美元大幅 增长至2030年的490亿美元，复合年增长率为21.2%。根据弗若斯特沙利文的资料，在这市场中，内存互 连芯片市场规模预计将由2024年的12亿美元大幅增长至2 ...

金融市场犹如变幻莫测的海洋，时刻涌动着投资与经济政策的波澜，深刻影响着全球经济的走向。在 此，喜娜AI为您呈上今日财经热点新闻，全方位覆盖股市动态、经济数据、企业财务状况以及政策更 新等关键领域，助您精准洞察金融世界的风云变幻，把握市场脉搏。 立讯精密等多家公司拟回购股份，彰显发展信心 立讯精密拟10亿元 - 20亿元回购公司股份，嘉泽新能拟2.2亿元 - 4.4亿元回购，达刚控股拟2000万元 - 4000万元回购。股份回购往往被视为公司对自身价值的认可和对未来发展的信心体现，这些公司的回购 计划有望稳定股价，增强市场对公司的信心，也可能向投资者传递公司经营状况良好的信号。详情>> 2026开年全球股市表现亮眼，中国资产与外围市场齐涨 2026年首个交易日，A股休市但外围市场涨势惊人。港股开年大涨，恒生指数收涨2.76%，恒生科技指 数涨4%，半导体等板块涨幅居前；富时中国A50指数期货涨近1%，人民币汇率一度涨破6.97。亚洲股 市整体上涨1.1%，韩国综合股价指数首次突破4300点，英国富时100指数首次突破10000点。市场对企 业盈利的乐观预期推动股市上行。详情>> 美股新年首个交易日涨跌不一，中概 ...

Global Market Overview - The Hang Seng Index closed at 25,855, up 0.86% for the day and 28.89% year-to-date [1] - The Hang Seng Tech Index rose by 1.74%, reflecting a year-to-date increase of 24.85% [1] - The Shanghai Composite Index remained unchanged at 3,965, with an 18.30% increase year-to-date [1] - The US markets showed slight declines, with the Dow Jones down 0.20% and the S&P 500 down 0.14% [1] Sector Performance in Hong Kong - The Hang Seng Financial Index increased by 0.44%, with a year-to-date rise of 40.32% [2] - The Hang Seng Industrial Index rose by 1.15%, reflecting a year-to-date increase of 24.53% [2] - The Hang Seng Real Estate Index saw a modest increase of 0.34%, with an 18.61% rise year-to-date [2] Chinese Market Dynamics - Chinese stocks experienced a slight increase, with energy, materials, and information technology sectors leading gains, while healthcare, utilities, and consumer staples sectors declined [3] - Southbound capital recorded a net sell-off of HKD 3.845 billion, with Tencent, China Mobile, and Alibaba seeing the most significant net sell-offs [3] - The Chinese government announced tax exemptions on personal home sales after two years to stimulate market activity [3] US Market Insights - The US stock market experienced slight declines, particularly in consumer discretionary, financials, and industrials, while energy, communication services, and utilities sectors showed gains [3] - Tesla's market analysis indicated a potential 15% year-over-year decline in Q4 vehicle deliveries due to tax credit reductions and increased competition [3] - The Federal Reserve's meeting minutes suggested a consensus on potential interest rate cuts if inflation trends downward, although some members expressed concerns about persistent inflation risks [3] Commodity and Currency Movements - Metal prices showed mixed trends, with gold's gains narrowing and silver rebounding; copper prices reached their highest annual increase since 2009 [3] - Oil prices experienced a slight decline, while cryptocurrencies saw a pullback after initial gains [3] - The USD/CNY exchange rate fell to around 6.99 [3]

价格压力传导至终端市场 随着DRAM和SSD成本攀升，PC厂商已开始发出广泛涨价信号。IDC估计，在悲观情景下，PC平均售 价可能上涨6%至8%，而出货量可能同比下降近9%。这一预测较11月份已经偏负面的-2.4%预期大幅 下调。 周三，国际数据公司（IDC）最新发布的设备市场展望显示，受存储器价格飙升影响，2026年全球PC 市场可能面临高达9%的萎缩。这一悲观预测远超该机构11月份预计的2.5%降幅，标志着行业前景急剧 恶化。 IDC指出，自去年10月中旬以来加速的全球存储器短缺已超出其最初模型预期。在中性情景下，PC出货 量预计将下降5%，而悲观情景下降幅可能达到9%。虽然IDC尚未正式改写官方预测，但其最新情景分 析明显比数周前更为悲观。 这场危机的根源在于AI基础设施需求激增。超大规模云服务商对存储器的需求大幅攀升，导致DRAM 和NAND生产从消费设备转向高带宽内存和高密度DDR5等高利润率企业级组件。IDC强调，这不是典 型的周期性波动，而是可能持续数年的硅产能战略性重新配置。 对于PC行业而言，这场存储器短缺恰逢Windows 10停止支持和"AI PC"推广两大关键时期，使市场前景 更加严峻 ...

Core Viewpoint - The article discusses the promising sectors in the technology industry for the upcoming year, highlighting the performance of various segments in 2023 and projecting growth opportunities for 2024 [1]. Group 1: Domestic Substitution Chain - The domestic substitution chain, particularly related to the Ascend industry chain, is expected to perform well next year, with companies experiencing significant stock price increases due to recent news [4]. - Confidence in the 950 series and other domestic AI chips like HWJ, Kunlunxin, and PPU is noted, with expectations for increased market share as domestic wafer production capacity and yield improve [4]. Group 2: Autonomous Driving - The autonomous driving sector is divided into Robotaxi and Robovan, with significant growth anticipated in both areas [5][6]. - Recent policy changes encouraging Level 3 autonomous driving indicate a supportive regulatory environment, which could lead to reduced costs and improved profitability for companies in this space [6][7]. Group 3: Aerospace - The aerospace sector is gaining attention, with government policies favoring its development. The success of rocket recovery technology could lead to numerous opportunities in satellite applications [8]. Group 4: Memory - The memory sector has seen a significant market rally, with expectations for the upcoming IPO of CX, which is projected to reach a trillion-dollar market value [9]. - The current market dynamics differ from previous years, with major manufacturers likely to maintain production levels to capitalize on profitability rather than rapidly expanding capacity [9]. Group 5: Liquid Cooling - The liquid cooling market is expected to grow 5-10 times next year, driven by increasing demand from chip manufacturers facing thermal management challenges [10][11]. - Innovations in liquid cooling technologies, such as multi-channel covers and immersion cooling, are being explored to enhance performance [11]. Group 6: AI Power - The AI power sector remains a focus, particularly in the context of stable and continuous power supply, which is more readily available in domestic markets compared to North America [12]. - Opportunities in AI power are identified in areas such as gas turbines and energy-efficient solutions for data centers, with a notable increase in interest in off-grid power technologies [12].

摩根大通认为，转型的核心驱动力主要体现在AI基础设施业务的爆发式增长上， 具体包括：昆仑芯片 收入预期：摩根大通预计百度昆仑芯片收入将从2025年的约13亿元人民币大幅增至2026年的83亿元人民 币，增幅达6倍，反映AI硬件需求的强劲势头。云业务增长潜力：分析师预测百度云业务收入在2026年 将同比增长61%，成为新增长曲线的重要支柱。 摩根大通此前称，百度的投资叙事正经历根本性转变，公司正从传统搜索广告模式加速转型为AI基础 设施供应商，这一判断基于百度在AI领域的关键进展，包括昆仑系列芯片的商业化落地和GPU计算资 源需求的显著提升，预计这些因素将推动百度营收增速显著改善。 智通财经APP获悉，周二，百度(BIDU.US)盘前涨5%，报133.15美元。消息面上，12月30日，百度地图 正式宣布与无人车独角兽企业新石器达成深度合作，将LD数据产品全面接入新石器无人物流平台，为 其末端配送、城市货运等场景提供高精度地图服务。公开资料显示，新石器无人车采用全栈自研的视觉 BEV算法和4D One Model架构，能够在复杂道路环境下实现L4级自动驾驶。其无人车产品已在物流快 递、商超城配、医药配送等多个场景 ...