2月3日消息，OpenAI 首席执行官萨姆・奥尔特曼（Sam Altman）今日在 X 平台（前身为推特）发文 称："我们喜欢与英伟达合作，他们生产世界上最好的人工智能芯片。我们希望长期成为他们的大客 户。我实在搞不懂这些毫无根据的疯狂传言是从哪里来的。" 奥尔特曼此番表态前，路透社曾报道称这家由微软投资支持的 ChatGPT 开发商，正在寻求英伟达人工 智能芯片的替代方案；另有《华尔街日报》消息称，英伟达计划向 OpenAI 投资 1000 亿美元的方案已 陷入停滞。 去年 9 月，英伟达表示计划向 OpenAI 注资高达 1000 亿美元，作为交易的一部分，这家芯片制造商将 获得这家初创公司的股份，而 OpenAI 则将获得购买先进芯片所需的资金。路透社报道，这笔交易原本 预计在几周内完成。但实际上，谈判已经拖延了数月。在此期间，OpenAI 与 AMD 达成了多项协议。 上周六，英伟达首席执行官黄仁勋对有关其与 OpenAI 关系紧张的报道予以驳斥，称这种说法是"无稽 之谈"，并表示英伟达计划对 OpenAI 进行大规模投资。 ...

| 亚太市场 | | 更新于:02-03 13:12 | | --- | --- | --- | | 日经225 | 韩国综合 | 新加坡海峡 | | 54769.57 | 5239.17 | 4932.03 | | +2114.39 +4.02% +289.50 +5.85% | | +39.76 +0.81% | | 澳洲标普200 | 印度 | MSCI台湾 | | 8857.10 | 83948.71 | 1278.12 | | -9.20 -0.10% +2282.25 +2.79% | | +23.98 +1.91% | | 上证指数 | 深证成指 | 恒生指数 | | 4031.43 | 13948.39 | 26830.50 | | +15.68 +0.39% +124.04 +0.90% | | +54.93 +0.21% 同詞學 | 港A股则高开低走。盘中，A股震荡翻红，但港股仍低迷。 全球市场恐慌性抛售后，突然迎来全面反弹。 周二，此前惨遭"大屠杀"的金银急速回血，日韩股市引领亚太市场冲锋。 MSCI亚太指数一度上涨2.3%，创下去年6月以来的最大涨幅;印度股指、台湾加权指数纷纷上扬。 ...

在周二的股市交易中，三星电子和SK海力士的总市值达到1.11万亿美元，略微超过了阿里巴巴集团和腾 讯的1.10万亿美元。阿里和腾讯是在中国香港上市的两家大型内地科技公司。 这一变化提醒外界，AI投资热潮已转向基础设施领域，并使处于产业供应链核心的韩国芯片制造商受 益。阿里和腾讯长期被视为亚洲科技崛起象征，目前主要专注于电子商务，对AI的涉足尚处于初期阶 段，在市场关注度上略逊一筹。 今年以来，三星电子股价已累计上涨34%，SK海力士涨幅更是高达约37%。相比之下，阿里港股涨幅为 14%左右，而腾讯股价年内则基本持平。 三星SK海力士市值首超阿里腾讯 三星和SK海力士 凤凰网科技讯北京时间2月3日，据彭博社报道，韩国两家最具价值公司的总市值在周二首次超越了两家 中国科技巨头，凸显出全球AI热潮的演变正在重塑亚洲科技领域的投资格局。 这两家韩国公司因深度布局最先进的高带宽内存芯片领域而蓬勃发展，这类芯片驱动着英伟达等公司的 AI加速器，其增长得益于愿为尖端技术支付溢价的大型云计算服务商的强劲需求。当前，DRAM和 NAND存储芯片创纪录短缺进一步赋予了它们前所未有的定价权。 不过，韩国芯片制造商过度依赖存储芯片供 ...

韩国股市在经历了周一的剧烈抛售之后迎来反弹，随着全球市场趋于稳定以及对 人工智能支出担忧的 缓解，该国科技巨头恢复了其强劲涨势。 韩国KOSPI指数一度上涨达5%，创下自4月10日以来的最大涨 幅，其中 芯片制造商三星电子和SK海力士成为最大的助推力，涨幅均超过6%。该韩国基准指数在过去 12个月中增长了一倍多，成为全球表现最好的股指。 韩国股市在经历了去年的大幅上涨后，目前的涨 势已处于高位，且随着每日新闻动态驱动投资者在买卖间频繁切换，交易正变得更加反复无常。本土机 构是周二首尔股市反弹的主要驱动力，外资也录得净买入，而散户投资者则在抛售。 ...

2月3日，韩国股市在经历了周一的剧烈抛售之后迎来反弹，随着全球市场趋于稳定以及对人工智能支出 担忧的缓解，该国科技巨头恢复了其强劲涨势。韩国KOSPI指数一度上涨达5%，创下自4月10日以来的 最大涨幅，其中芯片制造商三星电子和SK海力士成为最大的助推力，涨幅均超过6%。该韩国基准指数 在过去12个月中增长了一倍多，成为全球表现最好的股指。 韩国股市在经历了去年的大幅上涨后，目前的涨势已处于高位，且随着每日新闻动态驱动投资者在买卖 间频繁切换，交易正变得更加反复无常。本土机构是周二首尔股市反弹的主要驱动力，外资也录得净买 入，而散户投资者则在抛售。 来源：金十数据 股票频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 ...

明阳智能交流反馈 01. 明阳智能卫星能源业务布局（拟收购德华芯片） 德华芯片核心竞争力 全产业链布局：国内唯一实现从外延片到芯片再到电源系统全产业链布局的民营企业，外延片 81 所份额超 80%， 行业占比 35%。 技术领先：掌握关键技术突破，能量变换效率较传统方案提升至56%，已实现量产并拿到 80 颗订单，29 颗开始 交付；25 年 8 月完成首次上星验证（某型号公司获技 明阳智能交流反馈 01. 明阳智能卫星能源业务布局（拟收购德华芯片） 德华芯片核心竞争力 全产业链布局：国内唯一实现从外延片到芯片再到电源系统全产业链布局的民营企业，外延片 81 所份额超 80%， 行业占比 35%。 技术领先：掌握关键技术突破，能量变换效率较传统方案提升至56%，已实现量产并拿到 80 颗订单，29 颗开始 交付；25 年 8 月完成首次上星验证（某型号公司获技术验证星）。 客户资源优质：深度参与中星、中科两大院某型号，是某型号公司、国星（某型号）独家供应，航天五院、轨 道院处于送样阶段；具备军工三证资质。 产能扩张：中科电联拥有 15 条 MOCVD 产线（外延片核心设备），计划扩至 40 条；海光某基地预计 ...

Company and Industry Summary Company Overview - The company is the only private enterprise in China that has achieved a full industrial chain layout from epitaxial wafers to chips and power systems, holding over 80% market share in epitaxial wafers and 35% in the industry [1][1]. Key Technological Advancements - The company has mastered key technological breakthroughs, improving energy conversion efficiency compared to traditional solutions. It has achieved mass production and received 80 orders, with 29 orders already delivered. The first satellite verification was completed in August 2025 [1][1]. - The company is deeply involved with major institutions like Zhongxing and Zhongke, serving as the exclusive supplier for certain models, and is currently in the sample delivery phase with aerospace institutions [1][1]. Production Capacity and Expansion Plans - Zhongke Dianzhi owns 15 MOCVD production lines, with plans to expand to 40 lines. A new base is expected to be operational by August 2028, with an initial annual production capacity of 100 units and a long-term plan for 1,000 units [1][1]. Revenue Projections - If military orders are secured in 2026, the company expects to deliver 100 units, which will correspond to significant revenue. The sales revenue is projected to reach substantial levels in 2027, with power system revenue expected to surpass chip revenue by 2027-2028 [2][2]. Industry Dynamics - Mingyang Smart Energy has acquired 100% of Dehua's equity, gaining core space energy technology and forming a closed-loop technology route. Mingyang currently leads in domestic neodymium-iron-boron production with over 34% market share and plans to increase annual production capacity to 260 tons [3][3]. Market Position and Financial Performance - The company holds the top market share in offshore wind turbines, with a 8% increase in order volume in the first three quarters of 2025, outpacing industry growth. The gross margin for Q3 2025 is approaching breakeven, with expectations of a 3-5 percentage point increase in wind turbine gross margin due to low-price order deliveries and a reduction in self-research cost rates [4][4]. - The company plans to establish localized production bases overseas, with the UK base still ramping up. The first batch of offshore wind turbines is expected to be offline by the end of 2028, in collaboration with a strategic partner [4][4]. Financial Forecasts - The main business profit is expected to reach 2.4 billion in 2026, with a projected PE ratio of 15-20 times [5][5]. - Assuming the launch of 10,000 satellites, the gallium arsenide chip segment could yield a profit of 1.2 billion, with a corresponding PE ratio of 30 times. The total potential profit from the main business, satellite energy, and offshore wind export options could reach significant levels [6][6].

| | | Q4 2025 | | Q3 2025 | | Q4 2024 | Q-Q | Y - Y | | 2025 | | 2024 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Total Revenue | $ | 3,335 | $ | 3,173 | ਵ | 3,111 | 5% | 7% | 5 | 12,269 | ਵ | 12,614 | | GAAP Gross Profit | $ | 1,807 | S | 1,787 | રે | 1,678 | 1% | 8% | $ | 6,716 | 5 | 7,119 | | Gross Profit Adjustments(1) | સ્ત્ર | (106) | 8 | (23) | ಆ | (111) | | | ಳಿ | (250) | ಳಿ | (213) | | Non-GAAP Gross Profit | S | 1,913 | S | 1,810 | ਣ | 1,789 | 6% | 7% | S | ...

芯片制造商股价上涨，延续自1月以来的涨势。希捷科技公司股价上涨5%，闪迪公司涨幅扩大至 13.6%。美光科技上涨4.4%，西部数据上涨4.8%。 本文源自：金融界AI电报 ...

Market Performance - The Hong Kong stock market experienced a decline, with the Hang Seng Index falling by 2.23% to 26,775.57 points, and the Hang Seng Tech Index dropping by 3.36% to 5,526.31 points [1] - Major technology stocks saw significant losses, including Alibaba down 3.49%, Tencent down 1.24%, and JD.com down 1.69% [1] - Gold and silver prices fell sharply, with Shandong Gold and Chifeng Gold both dropping over 12% [1] Company Earnings Forecasts - Haiprime (09989.HK) expects a net profit of 284 million to 377 million yuan for 2025, a decrease of 41.71% to 56.09% year-on-year [2] - Datang Power (00991.HK) anticipates a net profit of approximately 6.8 billion to 7.8 billion yuan for 2025, an increase of about 51% to 73% year-on-year [6] - Longhua Automobile (02333.HK) projects total revenue of 222.79 billion yuan for 2025, a year-on-year growth of 10.19% [4] - CICC (03908.HK) forecasts a net profit of 8.542 billion to 10.535 billion yuan for 2025, an increase of 50% to 85% year-on-year [5] Company Warnings - Kaisa New Energy (01108.HK) issued a profit warning, expecting a net loss increase of approximately 90.07 million to 290 million yuan for 2025 [7] - Xinyi Alloy (00505.HK) also issued a profit warning, anticipating a 50% decrease in profit attributable to equity shareholders for 2025 [8] - Fudan Zhangjiang (01349.HK) expects a net loss of approximately 120 million to 180 million yuan for 2025 [9] Strategic Developments - Innovation Intelligence (02121.HK) signed a strategic cooperation agreement with Shanghai Jiao Tong University Hainan Research Institute [11] - Zhonghui Biotech-B (02627.HK) received approval from the National Medical Products Administration for its trivalent influenza virus subunit vaccine [12]