英伟达主导的AI算力生态，正面临一场AMD「5万颗AI芯片大单」所带来的挑战！ 刚刚，Oracle官宣将自2026年第三季度起，将在其OCI首期部署5万颗AMD Instinct™ MI450系列GPU，构建AI超级集群，并将于2027年及以后持续扩展。 此次合作旨在将AMD Instinct GPU平台的算力直接提供给OCI客户。 AMD首席执行官苏姿丰（Lisa Su） 这一消息延续了Oracle与AMD在AI加速领域的紧密合作——两者正在构建新的AI算力生态。 资本市场的积极反馈，也体现出业界对AMD最新一代加速架构的信心。 AMD与Oracle宣布合作后，AMD股价走强，盘中/收盘涨幅在约0.8%–3%之间（不同口径）。 MI450 AI时代的「美丽之作」 苏姿丰在社交媒体上，将搭载了Instinct MI450系列GPU的Helios称为「美丽之作」，表示非常高兴将其推向市场。 AMD Instinct MI450系列GPU非常适合运行先进大模型、生成式AI以及高性能计算任务。 部署在OCI上的MI450 GPU具有性能、架构、CPU、安全、互联、软件生态与扩展性等诸多亮点： 性能全面提升 MI45 ...

Group 1: Market Overview - The Hong Kong stock market experienced a significant rally, with the Hang Seng Index rising by 0.93%, the Hang Seng China Enterprises Index increasing by 1.17%, and the Hang Seng Tech Index surging by 2.71% [2][3] - The total market turnover reached HKD 285.58 billion, with short selling on the main board rising to HKD 44.79 billion, accounting for 17.11% of the total turnover of shortable stocks [2] - Southbound capital flow showed signs of weakness, with a net inflow of HKD 5.166 billion through the Stock Connect [2] Group 2: Company Performance - The report highlights the strong performance of the semiconductor sector, with notable gains in stocks such as Hua Hong Semiconductor (1347.HK) rising nearly 18% and SMIC (981.HK) also seeing significant increases [3] - Several companies reported impressive earnings, leading to substantial stock price increases, including SUTENG (2498.HK) which surged over 13% post-earnings, and MINISO (9896.HK) which rose by 20% [3] - Weichai Power (856.HK) reported a 13.6% year-on-year increase in revenue to HKD 45.52 billion for the first half of 2025, driven by strong performance across its three business segments [6][7] Group 3: Financial Highlights - Weichai Power's net profit for the first half of 2025 reached HKD 610 million, reflecting a year-on-year growth of 34.7%, exceeding market expectations [6][7] - The company's gross profit margin increased by 0.32 percentage points to 4.75%, indicating improved profitability [7] - The cloud computing segment showed remarkable growth, with revenue increasing by 67.9% year-on-year, becoming a key driver of the company's overall performance [7][8] Group 4: Regional Performance - The Southeast Asia region demonstrated rapid growth, with revenue reaching HKD 16.74 billion, a year-on-year increase of 22.5%, accounting for approximately 37% of the group's total revenue [6][8] - North Asia also showed positive growth, with revenue of HKD 28.78 billion, up 8.9% year-on-year, contributing to the company's stable development [8] Group 5: Investment Outlook - The report suggests an optimistic outlook for Weichai Power, with revised net profit forecasts for 2025 and 2026 set at HKD 1.34 billion and HKD 1.68 billion respectively [8] - The target price for the stock has been raised to HKD 13.8, based on a 14x price-to-earnings ratio for 2025, maintaining a "Buy" rating [8]