纳斯达克中国金龙指数涨近2%，中概股多数上涨，百度集团、哔哩哔哩涨超6%，阿里巴巴、拼多多涨 逾3%。 1月21日，美股三大指数集体高开，道指涨0.33%，纳指涨0.23%，标普500指数涨0.37%。 芯片股走强， 英特尔、 ARM涨超6%，西部数据、 美光科技 涨超3%， 闪迪涨近3% 。科网股普涨，特 斯拉、谷歌、英伟达均走高。 | 英伟达(NVIDIA) | 179.290 | 0.69% | | --- | --- | --- | | NVDA.O | | | | 闪进 | 465.340 | 2.70% | | SNDK.O | | | | 特斯拉(TESLA) | 422.710 | 0.83% | | TSLA.O | | | | 英特尔(INTEL) | 51.580 | 6.22% | | INTC.O | | | | 美光科技(MICRON T | 376.550 | 3.16% | | MU.O | | | | 阿里巴巴 | 167.344 | 3.05% | | BABA.N | | | | LUMENTUM | 361.360 | 1.27% | | LITE.O | | | | ...

Core Viewpoint - The company, Aojie Technology, forecasts a revenue of approximately 3.817 billion yuan for the year 2025, representing an increase of about 431 million yuan from 2024, with a year-on-year growth of approximately 12.73% [2] Financial Performance - The company expects a net loss attributable to shareholders of approximately -399 million yuan for 2025, which is an improvement of about 294 million yuan compared to the net loss of -693 million yuan in the same period of 2024, reflecting a significant year-on-year reduction of approximately 42.38% [2] - After excluding non-recurring gains and losses, the net loss attributable to shareholders is projected to be around -579 million yuan, a decrease of about 18.04% compared to the previous year [2] Revenue Drivers - The changes in the company's performance during the reporting period are primarily driven by the impact of core business operations and non-recurring gains and losses [2] - The substantial growth in chip sales, driven by an expanding product range and application scenarios, has contributed to the continuous increase in overall revenue [2] Research and Development - The company maintains a high level of investment in research and development, with an expected R&D expenditure of approximately 1.302 billion yuan for 2025, reflecting a year-on-year increase of about 4.89% [2] - The focus of R&D efforts includes deepening the product layout, particularly in the smartphone chip platform [2] Non-Recurring Gains - The impact of non-recurring gains and losses, including government subsidies recognized in the current period, is expected to be approximately 180 million yuan on net profit [2]

据上证报报道，英特尔首席财务官表示，由于数据中心与客户端CPU需求远超预期，公司芯片库存正快 速消耗，预计2026年第一季度将面临最大供应挑战，届时库存可能耗尽。 芯原股份：公司为芯片定制和半导体IP授权服务企业，已拥有自主可控的图形处理器IP(GPUIP)，神经 网络处理器IP(NPUIP)等。 此外，根据KeyBanc的数据，Intel与AMD为应对供需失衡并确保后续供应稳定，计划将服务器CPU价格 上调10%-15%。 *免责声明：文章内容仅供参考，不构成投资建议 上证报援引研究机构观点称，数据中心服务器CPU需求增加，导致供需关系出现不平衡，从而推动价格 上升。生成式AI浪潮持续演进，AI服务器采购额不断上升，部分挤占了通用服务器的采购预算。同 时，云厂商前期采购的通用服务器，目前已大面积进入更新周期。此外，云厂商正在其数据中心中推进 架构升级，计划淘汰老旧架构的CPU将新一代服务器CPU整合至现有机架体系，因此在数据中心领域出 现了补偿性投资，驱动服务器CPU价格上涨。 *风险提示：股市有风险，入市需谨慎 公司方面，据上证报表示， 国芯科技：公司聚焦于国产自主可控嵌入式CPU技术研发和产业化应用的芯 ...

三大突破包括代理式AI突破、开源模型突破和物理AI突破。 当地时间1月21日，英伟达CEO黄仁勋在达沃斯论坛上谈到过去一年AI模型的三大突破。 "去年AI模型层发生了三件大事。第一，模型刚开始出现时还有很多幻觉，但在去年，这些模型可以应用在研究领域了，能在没有受过相关领域训练的情况 下进行推理、计划并回答问题，出现了Agentic（代理式AI）。"黄仁勋表示，第二个重大突破来自开源模型，首个开源推理模型DeepSeek的推出对大多数行 业和公司而言都是一个重大事件，自那时起，开源推理模型生态开始繁荣，很多公司、研究机构、教育从业者都能利用开源模型做一些事情。 黄仁勋还呼吁，人们应该积极使用AI。"每个国家都应该参与到AI基础设施的建设中。AI的易用性可能会缩小各个地方的技术鸿沟。现在AI不再那么难训 练，将开源模型结合各地的专有知识就能创建有用的模型。"黄仁勋称，使用AI非常容易，现在没有计算机学位的人也能成为程序员，发展中国家的人们、 学生群体也应该学习使用AI、指导AI、评估AI。 黄仁勋表示，第三个取得巨大进展的领域是物理AI，物理AI不仅能理解语言，还能理解物理世界，例如理解生物蛋白质、化学、物理。在 ...

（编辑 任世碧） 证券日报网讯 1月21日，电科芯片在互动平台回答投资者提问时表示，智能手机低轨卫星通信功能的实 现与卫星星座建设进度密切相关。公司研发的双模语音卫星通信射频基带一体化SoC芯片应用于手机直 连卫星通信应用领域，已配套国内某知名品牌旗舰手机实现批量供货，但收入占比不高，请投资者注意 风险。 ...

1月21日，市场冲高回落，沪指午后一度翻绿。沪深两市成交额2.6万亿，较上一个交易日缩量1771亿。盘面上，市场热点快速轮动，全市场超3000只个股上 涨，90只股涨停。从板块来看，贵金属概念全天领涨，四川黄金、招金黄金涨停。芯片产业链爆发，华天科技、龙芯中科、至正股份等十余股涨停。锂矿概 念震荡反弹，盛新锂能、大中矿业、国城矿业涨停。油气概念表现活跃，惠博普、洲际油气涨停。下跌方面，大消费板块集体走弱，白酒方向领跌。银行板 块震荡下跌，农业银行跌近3%。截至收盘，沪指涨0.08%，深成指涨0.7%，创业板指涨0.54%。 今日全市场（不含ST股、退市股）共79股涨停，连板股总数8只，25股封板未遂，封板率为76%。焦点股方面，优必选入主的锋龙股份16连板，电网设备板 块广电电气4连板，黄金股四川黄金5天3板。 一、板块异动 二、涨跌停温度 三、涨跌家数 四、涨停揭秘 | | | | 金融界股灵通复盘(1.21) | | | --- | --- | --- | --- | --- | | 代码 | 简称 | 最终封板 | 几天儿板 | | | | | | 【国产芯片】 | | | 代码 | 简称 | 时间 | ...

Core Viewpoint - Apple is adopting a "two releases a year" strategy for the iPhone 18 series, with different models being launched in two phases [1][4]. Group 1: Product Release Strategy - This fall, Apple will release the iPhone 18 Pro, iPhone 18 Pro Max, and iPhone Fold, while the standard version of the iPhone 18 is set to launch in spring 2027 [3][6]. - The phased release strategy is supported by TSMC's expansion plan for WMCM packaging capacity, which is expected to double to 120,000 wafers per month by 2027, up from approximately 60,000 wafers per month in 2026 [3][6][7]. Group 2: Technological Advancements - The iPhone 18 series will debut the A20 and A20 Pro chips, with the standard version featuring the A20 and the Pro series featuring the A20 Pro [3][6]. - Both chips will utilize TSMC's 2nm process technology, and the packaging method will shift from InFO to WMCM, allowing for greater integration of CPU, GPU, and neural network engine into a single package, enhancing flexibility [3][6].

随着市场关注度与认可度的提升，摩尔线程的产品在客户端建立了更广泛的生态。这种市场端的正向反 馈不仅带来了收入的迅猛增长，也同步推升了毛利水平，成为公司整体亏损幅度同比收窄的关键因素。 公司目前的GPU集群水平已具备一定先进性，正逐步缩短与国际巨头的差距。持续高研发投入策略 尽管营收规模迅速扩张，摩尔线程依然维持着高强度的研发投入策略。公告强调，公司目前仍处于持续 研发投入期，这是导致目前尚未盈利且存在累计未弥补亏损的主要原因。 摩尔线程在人工智能产业爆发式增长的推动下，2025年预计实现收入翻倍式跨越，虽然仍处亏损状态， 但盈利能力显著改善。这家国产GPU独角兽企业正受益于市场对高性能计算芯片的强劲需求，其产品竞 争力和市场认可度的提升直接转化为财务数据的迅速修复。 1月21日，摩尔线程智能科技（北京）股份有限公司董事会发布公告，公司预计2025年实现营业收入 14.5亿元至15.2亿元。与上年同期相比，这一数字意味着营收规模将激增10.1亿元至10.8亿元，同比增幅 高达230.70%至246.67%。 在备受关注的盈利指标方面，尽管摩尔线程尚未实现扭亏为盈，但亏损幅度已显现出明确的收窄趋势。 公告显示，2 ...

Group 1 - The core viewpoint of the articles highlights the strong performance of the non-ferrous and semiconductor sectors, with gold-related ETFs and chip-related ETFs leading in gains on January 21 [1][4][5] - The ShiHua ETF (159731) experienced a sudden surge, hitting the daily limit, which is suspected to be a result of a trading error [1][5] - The market saw significant net outflows from ETFs, totaling nearly 500 billion yuan on January 20, with a cumulative outflow of 903 billion yuan over the first two trading days of the week [3][12] Group 2 - The gold stock theme ETFs showed notable gains, with the leading ETFs reporting increases of 6.33% to 6.26% on January 21, driven by geopolitical uncertainties and a shift towards risk aversion [5][6] - The semiconductor sector is experiencing a bullish trend, with strong performance in storage and computing chips, leading to price increases across the supply chain due to rising AI demand and supply chain bottlenecks [7] - The banking sector and consumer goods faced declines, with multiple bank ETFs showing negative performance, indicating a shift in market sentiment [8][9] Group 3 - The trading activity in broad-based ETFs remained active, with the HuShen 300 ETF (510300) achieving a transaction volume of 23.208 billion yuan, and several other broad-based ETFs exceeding 10 billion yuan in trading volume [2][10][11] - Several ETFs disclosed their fourth-quarter reports for 2025, including the Securities ETF from Guolianan and the 1000 Enhanced ETF from Tianhong [14]

Core Viewpoint - Nanchip Technology (688484.SH) focuses on providing high-performance power chip solutions for AI applications, including AI smartphones, AI glasses, and AI PCs, serving numerous well-known brand clients in the industry [1] Group 1 - The company does not directly engage in the storage chip business but supplies products such as LPDDR PMIC to major industry clients [1]