每经AI快讯，10月15日，据玻色量子公众号消息，近期，国内量子计算企业——北京玻色量子科技有 限公司完成数亿元A++轮融资。本轮融资由华德科创、南山战新投联合领投，广发信德、湖南财信产业 基金、纬德信息等知名机构和上市公司跟投，老股东啟赋资本持续加码。 ...

Group 1: Nobel Prize in Physics - The Nobel Prize in Physics was awarded to John Clarke, Michel H. Devoret, and John M. Martinis for their discovery of "macroscopic quantum tunneling and energy quantization in circuits" [1] - This achievement opens the door to studying quantum mechanics on a larger scale, providing new possibilities for experimental research [1] Group 2: Quantum Computing Breakthrough - The core device used by the laureates is the Josephson junction, which allows electrons to form "Cooper pairs" and move collectively at low temperatures [2] - The system can switch states due to quantum tunneling, demonstrating that the behavior of this macroscopic circuit is governed by quantum mechanics [2] - This research provides new opportunities to simulate other quantum systems, enhancing the understanding of their characteristics [2] Group 3: Quantum Computing Market and Investment - Quantum computing is gaining significant attention, with the concept introduced by Richard Feynman in 1982, but it has only recently started to appear in mainstream media [3] - Google is set to launch a new quantum chip, Willow, with 105 qubits in December 2024, causing a surge in quantum-related stocks [3] - The potential speed of quantum computing could surpass traditional computers by billions of times for certain calculations [3] Group 4: Global Quantum Computing Development - Many countries and tech giants are investing in quantum computing, with the U.S. and Japan establishing national development plans [4] - Companies like IBM, Google, and Nvidia are actively advancing research in this field [4] Group 5: Challenges in Quantum Computing Commercialization - Companies in China, such as Guoshun Quantum and Boson Quantum, are also working in the quantum computing sector [5] - Key challenges for commercialization include stabilizing qubits, scaling hardware, and finding verifiable quantum advantage scenarios [5] - Maintaining qubit coherence is critical, as any disturbance can lead to decoherence, jeopardizing quantum information [5] Group 6: Technical Routes in Quantum Computing - Various technical routes for quantum computing include superconducting, ion trap, photonic, and topological quantum computing [6] - Superconducting quantum computers are the mainstream route but face challenges like the need for extremely low temperatures and short coherence times [6] Group 7: Topological Quantum Computing - Microsoft announced a breakthrough in topological quantum computing, creating the world's first "topological conductor" [7] - This type of quantum computer is theoretically highly resistant to interference, but the materials are still difficult to produce [7] Group 8: Investment Sentiment in Quantum Computing - Despite the potential of quantum mechanics and ongoing investments from tech giants, the quantum sector remains in a high-cost, long-cycle phase [9] - Analysts predict that global public investment in quantum computing could reach $45 billion by 2025 [9] Group 9: Stock Performance in Quantum Computing - Quantum computing stocks have seen significant price increases, with Quantum Computing rising 304.41% from March to July 2023 [10] - Other companies in the sector, such as IonQ and D-Wave Quantum, have also experienced substantial stock price increases [10] Group 10: Domestic Quantum Technology Landscape - In China, the number of publicly listed quantum technology companies is limited, with Guoshun Quantum being one of the few [11] - The domestic quantum computing sector has seen active investment, with 14 companies completing 16 rounds of financing by the end of Q3 2023 [12]

摘要 中美对标交易受关注，Rejety、LLNQ 等美股量子计算概念股大涨，核 电相关公司亦有显著涨幅，预示 A 股市场相关板块存在投资机会，尤其 是在中美贸易摩擦背景下。 核聚变板块核心环节包括磁体、真空室和制冷总成，其中超导方向是高 价值量领域。杭氧股份在制冷总成方面具有优势，永鼎股份是超导领域 的重要标的，电源环节亦值得关注。 量子计算板块核心环节包括稀释制冷剂和自动系统。美股量子计算公司 股价上涨映射 A 股，英伟达对量子计算的积极态度提升了相关公司估值， 中兴楼、本源量子等公司 IPO 辅导或上市将带来市场扩容。 核聚变领域，预计未来几个月将有更多高频次、大额订单招标，BEST 项目进入关键阶段，其他堆如上海中国巨片公司及江西星火亦有进展， 原子能机构在成都举办全球巨变大会提供支撑。 量子计算领域，中美竞争激烈，美股行情带动 A 股，龙头公司上市扩容 推动赛道发展，预计 2026 年二三季度板块市值有望超过 2000 亿，重 点推荐国盾量子及其弹性标的核心仪器。 Q&A 如何看待近期核聚变和量子计算板块的市场行情？ 近期核聚变和量子计算板块在市场上表现突出，主要原因包括中美贸易摩擦背 景下的投资机会 ...

Group 1: Nobel Prize in Physics - The Nobel Prize in Physics was awarded to John Clarke, Michel H. Devoret, and John M. Martinis for their discovery of "macroscopic quantum tunneling and energy quantization in circuits" [1] - This achievement opens the door to studying quantum mechanics on a larger scale, providing new possibilities for experimental research in the quantum realm [2] Group 2: Quantum Computing Breakthroughs - The core device used by the laureates is the Josephson junction, which allows for the observation of macroscopic quantum states and their behavior governed by quantum mechanics [2] - Quantum computing has gained significant attention, with the potential to revolutionize various fields, including communication, finance, and artificial intelligence [6] Group 3: Market Dynamics and Investment Trends - The quantum computing sector is currently in a high-investment, long-cycle phase, with significant capital inflow expected, potentially reaching $45 billion in public investment by 2025 [14] - Despite the excitement, many quantum computing companies remain unprofitable, with IonQ's projected sales for 2024 being only $43.1 million [14] - The stock prices of quantum computing companies have seen dramatic increases, with Quantum Computing's stock rising over 304% from March to July [15] Group 4: Challenges in Quantum Computing Commercialization - Quantum computing faces several challenges in scaling and commercializing technology, including maintaining qubit stability and developing practical applications [7] - The industry is characterized by a variety of competing technical routes, including superconducting, ion trap, and topological quantum computing [8][9] - The uncertainty in technology direction and business models continues to pose risks, but there is a growing interest and investment in the sector [14][17]

Core Insights - Morgan Stanley has launched a $1.5 trillion initiative aimed at revitalizing the U.S. industrial base over the next decade, focusing on critical industries essential for economic and national security [1] - The initiative, termed the "Security and Resiliency Initiative," will concentrate on four key areas: supply chains and advanced manufacturing, defense and aerospace, energy independence, and cutting-edge technologies including AI and quantum computing [1][3] Funding Details - The $1.5 trillion target includes all funds arranged by Morgan Stanley as a financing facilitator, such as loans, stock and bond underwriting, and third-party financing arrangements, with an estimated additional $500 billion in financing compared to a "normal scenario" [3] - Morgan Stanley has committed to investing up to $10 billion of its own capital for direct equity investments and venture capital in specific U.S. companies to help them scale and accelerate innovation [3] Investment Focus Areas - The investment will precisely cover multiple sub-sectors within four major areas: - Supply chains and advanced manufacturing: critical minerals, pharmaceutical precursors, and robotics [7] - Defense and aerospace: defense technology, autonomous systems, drones, and secure communications [7] - Energy technology: battery storage, grid technology, and distributed energy [7] - Cutting-edge and strategic technologies: artificial intelligence, cybersecurity, semiconductors, data centers, and quantum computing [7] Market Reaction - Following the announcement, stocks in the quantum computing sector surged, with companies like Rigetti, D-Wave, Arqit, IONQ, and Quantum Computing seeing significant price increases [8] - Jamie Dimon emphasized the need for accelerated investment and collaboration to address the "huge challenges" facing the nation, citing obstacles such as excessive regulation and bureaucratic delays [5][6] Caution on Emerging Technologies - While expressing optimism about the potential returns from AI, Dimon also conveyed a cautious perspective, comparing its development to early automotive and television industries, where most participants did not profit [10]

摩根大通指出，此次投资将聚焦四大核心领域，通过提供咨询服务、融资支持，部分情况下还会直接注 入资本，为不同规模、不同发展阶段的企业提供助力。 智通财经APP获悉，摩根大通(JPM.US)公布一项投资计划，拟布局对国家经济安全与韧性至关重要的产 业领域。受此消息推动，量子计算相关个股迎来股价上涨。摩根大通表示，将通过直接股权投资与风险 投资的方式，投入至多100亿美元资金，助力特定企业(主要位于美国)提升增长动能、激发创新活力， 并加快战略性制造业发展。 其他相关个股同样表现亮眼，如IonQ(IONQ.US)收涨16%，Quantum Computing(QUBT.US)收涨13%。 这一消息引发量子计算板块积极反应：Arqit Quantum(ARQQ.US)股价收涨逾20%，D-Wave Quantum(QBTS.US)收涨23%，Rigetti Computing(RGTI.US)收涨25%%，截至发稿，分别夜盘上涨 1.6%、3.5%、4.3%。 摩根大通董事长兼首席执行官杰米·戴蒙(Jamie Dimon)表示："一个令人忧心的事实已十分明确——美国 在关键矿产、核心产品及制造业领域，对不可靠的外部来 ...

Group 1: Banking Sector - Multiple banks have announced the initiation of non-performing asset disposal, with significant actions taken by Bohai Bank and Guangzhou Rural Commercial Bank, indicating a "hundred billion-level" reduction effort [1] - The volume of non-performing loan transfers has increased significantly in October, with various financial institutions, including state-owned banks and city commercial banks, actively participating [1] Group 2: Convertible Bonds - There has been a notable increase in convertible bond issuance proposals, with 22 companies having their proposals approved since September, exceeding expectations [1] - The market is expected to see a new wave of convertible bond issuances, particularly from companies in popular sectors on the Sci-Tech Innovation Board [1] Group 3: IPO Market - Hong Kong's IPO financing amount has more than doubled year-on-year, leading to a tight supply of investment banking resources [2] - International investment banks like Goldman Sachs and Morgan Stanley are expanding their teams in Hong Kong and Asia-Pacific due to increased project reserves and demand for IPOs [2] Group 4: Smartphone Market - The global smartphone market saw a 2.6% growth in Q3, with total shipments reaching 322.7 million units [3] - Samsung maintained the top position with a market share of 19%, shipping 61.4 million units, while Apple followed closely with 58.6 million units shipped [3] Group 5: Renewable Energy Investment - Apple suppliers have launched a new investment fund in China, totaling 1 billion RMB (approximately 150 million USD), aimed at supporting renewable energy infrastructure [3] - The fund plans to add 1 million MWh of clean power to China's grid by 2030, with participation from several key players in Apple's supply chain [3] Group 6: Cloud Services - Alibaba Cloud announced a price reduction for certain ECS products, effective from October 30, 2025, across multiple regions including Frankfurt, Tokyo, and Dubai [4] Group 7: Fertilizer Project - China Chemical signed a total contracting agreement for a phosphate fertilizer project in Egypt, which includes the construction of a sulfuric acid facility and a DAP facility [4] Group 8: Stock Market Performance - US stock indices collectively rose, with the Dow Jones up 1.29%, Nasdaq up 2.21%, and S&P 500 up 1.56%, driven by strong performance in technology stocks [7] - Notable gains were observed in chip stocks and Chinese concept stocks, reflecting a positive market sentiment [7] Group 9: Precious Metals - Gold prices reached a historic high, surpassing 4100 USD, while silver also hit a record high, breaking the 50 USD mark [8] - The dollar index rebounded, and cryptocurrencies like Bitcoin and Ethereum showed signs of recovery after previous declines [8]

Core Viewpoint - JPMorgan Chase has launched a ten-year initiative called the "Safety and Resilience Initiative," with a total investment of $1.5 trillion aimed at enhancing the economic security and resilience of the United States [2][6]. Investment Areas - The initiative will focus on four major sectors: supply chain manufacturing, defense aerospace, energy technology, and frontier technologies, with a total of 27 sub-sectors targeted for investment [2][3]. - Specific areas of investment include critical minerals, pharmaceutical precursors, robotics, defense technology, autonomous systems, drones, battery storage, grid technology, artificial intelligence, cybersecurity, and quantum computing [3][4]. Financial Commitment - JPMorgan Chase plans to invest up to $10 billion in equity and venture capital to support the growth and innovation of related companies [7]. - The initiative is expected to release an additional $500 billion in financing compared to a "normal scenario" [6]. Market Impact - Following the announcement, stocks in quantum computing surged, with Rigetti up 25%, D-Wave up 23%, Arqit up 20%, IONQ up 16%, and Quantum Computing up 12% [4][6]. Strategic Goals - The initiative aims to accelerate investment in critical sectors and eliminate barriers to development, such as excessive regulation and bureaucratic delays [6]. - JPMorgan Chase will also leverage its asset and wealth management departments to facilitate funding without using its own capital [6].

每经AI快讯，10月13日，美股量子计算概念走高，RGTI涨超11%，IONQ、QUBT涨超7%，QBTS涨超 5%。 （文章来源：每日经济新闻） ...

热耗散效应：传统芯片走向集成度越高，单位面积上产生的热量越多，容易损耗芯片寿命，但量子计算 处理信息的方式是可逆的，因此可以解决热耗散效应的问题。 对比多种不同路径的量子计算方法 从可扩展性及保真性两大核心指标出发，确定了超导、离子阱、中性原子为三类最有可能落地的路线， 其中超导进度快于离子阱快于中性原子。 从多个视角判断量子计算目前处于规模化应用前夜 通过梳理全球主要国家量子信息领域战略规划、产业链上下游公司战略方向及量子计算核心硬件订单、 采购合同变动情况得出量子计算正处于从实验室走向产业化应用的关键拐点，行业极有可能2027-2029 年迎来大规模应用 智通财经APP获悉，国海证券发布研报称，量子计算产业化加速，路径方面重点看"可拓展性"及"保真 性"两大指标，硬件端重点关注稀释制冷机/测控系统两大硬件，二者2030/2035年预计占量子计算硬件价 值量的52.66%/66.51%。首次覆盖，该行给予量子计算硬件行业"推荐"评级，建议关注国盾量子 (688027.SH)、禾信仪器(688622.SH)、本源量子(拟上市)、国仪量子(拟上市)等。 国海证券主要观点如下： 梳理传统计算在制程不断微缩后出现的 ...