2025年收官日，美股市场以一场尾盘跳水告别全年交易。 道指盘中跌幅扩大至0.94%，纳斯达克虽一度上涨0.76%，却在最后半小时两次跳水，最终仅微涨 0.16%。 然而，在这场集体回调中，英特尔逆势大涨6.47%，盘中涨幅一度突破11%，股价站上42.63美元阶段性高点。 同一时间，脑机接口概念股脑再生科 技连续三天暴涨，累计涨幅高达375%，仅收官日便狂飙60.1%。 美股尾盘跳水的直接导火索是劳动力市场数据的超预期表现。 美国12月20日当周首次申请失业救济人数降至19.9万人，创下年内最低水平，这一数据甚至可 追溯至1969年的类似低位。 强劲的就业数据让市场对美联储降息的预期骤降：CME"美联储观察"显示，1月降息25个基点的概率已从前期高位回落至 16.1%。 科技股内部出现明显分化。 英伟达、谷歌、微软均小幅上涨，但苹果、特斯拉、Meta则集体收跌。 矿业股成为重灾区，Endeavour Silver跌超4%，希尔威金属跌2.68%，主要受芝商所一周内两次调高保证金影响，COMEX白银期货暴跌近9%。 板块轮动 中，干细胞、基因编辑、AI算力等概念涨幅居前，而固态硬盘、光伏、氢能源等绿色能源板块 ...

上海奇算光启信息技术有限公司成立于2024年10月，法定代表人为钟翰森，经营范围包括人工智能行业应用系统集成服务、人工智能硬件销售等 上海奇算光启信息技术有限公司成立于2024年10月，法定代表人为钟翰森，经营范围包括人工智能行业应用系统集成服务、人工智能硬件销售、半导体器 件专用设备销售等。股东信息显示，该公司现由钟翰森、上海燧灵企业管理合伙企业（有限合伙）及上述新增股东等共同持股。公开资料显示，该公司聚 焦于光计算芯片领域，致力于突破传统电子芯片算力瓶颈，为人工智能、高性能计算和大数据提供颠覆性硬件解决方案。 | | | 都在用的商业直向工具 | 所共和 是北面 房公租 首风险 | | | | | --- | --- | --- | --- | --- | --- | --- | | | | 国家中小企业发展了基金旗下机构 | 上海奇赢光启信息技术有限公司 | 8 天服-下 | 器 应用 · 商务合作 企业级产品、 ★ 开通会员, ▲ 费米、 | | | 基本信息 35 | | 法律诉讼 | 经营风险 | 经营信息 21: | 公司发展 20 知识产权 历史信息 13 3 | | | 变更记录 16 0 ...

之前三星、台积电的牛皮吹的很响，说在2025年底，要量产2nm芯片。 英特尔为何一下子就雄起了，我觉得要感谢一位华人CEO，那就是陈立武，去年临危受命，接受intel CEO的职位。 要知道在他之前，英特尔4任CEO，将英特尔是搞的乱糟糟的，错过了一个又一个的时代，只留一地鸡毛了。 陈立武上台上，展现了铁腕手段，裁掉了2万多人，砍掉了很多烧钱又看不到希望的业务，收缩了烧钱无底洞的晶圆代工业务，进行了节流。 但实际呢，牛皮吹破了，三星、台积电都是静悄悄，根本没有发布2nm芯片，三星也只预告了自己的Exynos2600，会采用2nm的工艺，还展示了相关的参 数，但这颗芯片没有发布。 没有发布，就意味着2nm工艺其实并没有真正量产。 但是在台积电、三星没有量产2nm的芯片时候，有一家芯片厂商，却量产了1.8nm的芯片，比三星、台积电的2nm还要先进。 这家企业就是英特尔，在CES 2026上，英特尔正式发布了第三代英特尔® 酷睿™ Ultra处理器，代号Panther Lake，也就是Intel Core Ultra 300家族。 这系列芯片有什么特殊的？因为它是采用Intel 18A制程节点，所谓的intel 1 ...

同日，据智通财经消息，天数智芯将于1月26日发布未来三代产品路线图，内容涵盖创新GPGPU架构设 计、高质量算力基础设施建设，以及面向互联网领域的云端AI训练推理产品等核心方向。业界预测， 2026至2028年，该路线图所涉产品将与英伟达H200、B200展开正面角逐。 消息面上，1月8日，天数智芯正式在香港交易所主板挂牌上市。据天数智芯招股书披露，公司本次募集 资金约80%将用于未来五年通用GPU芯片及AI算力解决方案的研发及商业化，包括通用GPU芯片及加速 卡的研发和商业化、扩充研发团队、推进专有软件栈和AI算力解决方案建设；约10%用于销售与市场拓 展；其余约10%用于营运资金及一般企业用途。 天数智芯(09903)午前涨近4%，截至发稿，涨3.89%，报162.9港元，成交额1.87亿港元。 ...

Group 1 - The core viewpoint of the articles highlights significant movements in the stock market, particularly in Hong Kong and the US, driven by various company announcements and market trends [1][2][3][5][6][7][8]. Group 2 - 万国数据-SW (09698) saw a rise of over 3.6% following the announcement of a successful C-round financing of $2 billion for its international business platform DayOne [1]. - 智谱 (02513) experienced a surge of over 24% on its second day of trading, becoming the first global large model stock listed on the Hong Kong Stock Exchange [1]. - 禾赛-W (02525) increased by over 3% after showcasing its latest lidar technology at CES 2026, along with updates on delivery volume and strategic partnerships [1]. - Lithium battery concept stocks rose, with 中创新航 (03931) up 4.74%, as the Ministry of Industry and Information Technology announced a meeting to regulate the battery industry [1]. - 快手-W (01024) gained over 2.3% as Goldman Sachs projected that its AI model upgrades would enhance overseas user recognition and revenue [2]. - 佳鑫国际资源 (03858) rose over 5.4% after announcing a mining service procurement agreement worth approximately 2.27 billion HKD [2]. - Gold stocks generally increased, with 山东黄金 (01787) up 6.01%, driven by geopolitical risks and expectations of interest rate cuts supporting gold prices [2]. - 九方智投控股 (09636) rose over 5.6% following the announcement of acquiring JF Financial Company Limited [3]. - 凌雄科技 (02436) surged by over 96.85%, with expectations of significant market penetration in the DaaS sector over the next five years [3]. - 理士国际 (00842) plummeted over 60% after announcing a plan to split and list on the US stock market [3]. - Buda Juice (BUDA.US) debuted on the US market with an 8.13% increase, focusing on fresh juice and health drinks [5]. - 虎牙 (HUYA.US) reached a five-and-a-half-month high, rising 14.47% after the successful launch of a new mobile game [5]. - Applied Digital (APLD.US) led gains in the crypto mining sector with a 250% year-over-year revenue increase [5]. - Critical Metals (CRML.US) saw a near 10% rise but later fell, having gained over 110% in the first five trading days of the year [6]. - 哔哩哔哩 (BILI.US) rose 6.51% as Morgan Stanley noted stable ad performance despite uncertain gaming prospects [6]. - Storage stocks fell, with SanDisk (SNDK.US) down 5.38%, amid concerns over the sustainability of AI-related capital expenditures [6]. - The space sector saw gains, with L3Harris Technologies (LHX.US) up 5.16% after a strategic sale [7]. - Chip stocks declined, with NVIDIA (NVDA.US) down 2.15%, reflecting broader market concerns [7]. - Precious metals stocks fell, with significant drops in silver and gold prices due to liquidity shocks [8].

2025 年 8 月，分析师将英伟达公司（NVDA）评级定为 "卖出"，彼时指出英伟达增长增速放缓，而估 值仍处于高位，因此预计其市盈率倍数将收缩，股价面临下行压力。 不过，在最新披露的季度财报中，英伟达的增长态势实则有所回升，为其提供了一定支撑。总体而言， 自 8 月以来，英伟达股价基本维持横盘震荡，呈现出触顶态势。 基于此，分析师重申对英伟达的 "卖出" 评级。 此外，正如本文后续将进一步阐述的，分析师看空的逻辑已不止于 "增长放缓 + 高估值" 引发的估值收 缩这一点。 伯里强调的关键矛盾是：超大规模云服务商将人工智能芯片的折旧年限设定为 5-6 年，这一期限远超芯 片的实际使用寿命 —— 它们通过将高价芯片的成本分摊至 5-6 年，来维持财报利润的正向表现。 然而，一旦新一代人工智能芯片发布，旧款芯片基本会被淘汰。 之所以说 "基本"，是因为旧款芯片仍可用于诸多非核心功能，但无法承载先进的人工智能工作负载。 由此，超大规模云服务商或将被迫对旧芯片相关的人工智能资本开支进行资产减记，计入亏损 —— 这 正是人工智能泡沫破裂、英伟达股价崩盘的导火索。 分析师一贯的观点是，人工智能领域的资本开支难以产生盈利 ...

每日晨报│2026 年 1 月 9 日 -主要市场指数表现 | | 收市价 | 上个交易日升 | YTD 升跌 | | --- | --- | --- | --- | | 恒生指数 | 26,149 | -1.17% | +2.02% | | 恒生科技指数 | 5,678 | -1.05% | +2.94% | | 国企指数 | 9,039 | -1.09% | +1.41% | | 沪深 300 | 4,737 | -0.82% | +2.33% | | 上证综合指数 | 4,082 | -0.07% | +2.88% | | 深证成份指数 | 13,959 | -0.51% | +3.21% | | 中小板指 | 8,564 | -0.55% | +3.64% | | 道琼斯指数 | 49,266 | +0.55% | +2.50% | | 标普 500 指数 | 6,921 | +0.01% | +1.11% | | 纳斯达克指数 | 23,480 | -0.44% | +1.02% | | 伦敦富时指数 | 10,044 | -0.04% | +1.14% | | CAC40 指数 | 8,243 | ...

Group 1 - The core viewpoint of the articles highlights the rapid growth and potential of the AI industry, particularly in the humanoid robot and AI chip markets, driven by domestic manufacturers in China [1][2] Group 2 - As of January 9, 2026, the Zhongzheng AI Theme Index (930713) shows mixed performance among its constituent stocks, with Runze Technology (300442) leading with a 5.35% increase, followed by Guanghuan Xinnet (300383) at 4.48%, and Fudan Microelectronics (688385) at 3.76% [1] - The global humanoid robot shipment reached approximately 13,000 units last year, with Chinese manufacturers contributing the majority, significantly outpacing companies like Tesla and Figure AI [1] - Shanghai Zhiyuan topped the global humanoid robot manufacturers with an estimated shipment of 5,168 units last year, followed by Yushu Technology and UBTECH [1] - The AI chip market in China is projected to grow from 142.54 billion yuan in 2024 to 1,336.79 billion yuan by 2029, indicating a substantial increase in demand driven by AI advancements [2] - The Zhongzheng AI Theme Index includes 50 listed companies involved in providing resources, technology, and application support for AI, reflecting the overall performance of AI-related securities [2] - As of December 31, 2025, the top ten weighted stocks in the Zhongzheng AI Theme Index account for 58.08% of the index, with companies like Zhongji Xuchuang (300308) and Hikvision (002415) among the leaders [2]

Core Viewpoint - The "2025 China Positive Energy Network Boutique Collection and Broadcast Activity" aims to inspire the Chinese people by connecting national glory with individual roles, showcasing the achievements of the nation and the contributions of its citizens in the journey towards national rejuvenation [1][2][3] Group 1: Economic and Technological Development - In 2025, China's economy is expected to exceed 140 trillion yuan, marking significant progress amidst complex domestic and international conditions [1] - China has become one of the fastest-growing economies in terms of innovation, with advancements in artificial intelligence, chip development, and space exploration [2] - The country is witnessing a surge in innovative breakthroughs, which are essential for transforming its economic structure from large to strong [2] Group 2: Collective Efforts and Individual Contributions - The achievements of the new era are built on the collective efforts of individuals across various sectors, from researchers to farmers, highlighting the importance of unity and hard work [3] - The activity celebrates the spirit of struggle and the contributions of ordinary heroes, fostering a sense of community and shared purpose among the Chinese people [3] - The ongoing collection and broadcast activity is expected to further motivate citizens to strive for progress and contribute to the nation's future [3]

1月9日，A股三大股指开盘走势分化，其中沪指涨0.09%，报4086.76点，深成指跌0.3%，报13917.78 点，创业板指跌0.69%，报3279.38点，科创50指数跌0.89%，报1442.22点。国产航母、油气开采、商业 航天、军工板块涨幅居前，存储芯片、能源金属、煤炭板块跌幅居前。油气股大面积高开，中国石化竞 价涨停，石化机械、泰山石油、上海石化、统一股份涨幅靠前；商业航天板块反复活跃，远东股份4连 板，中国一重3连板，中衡设计、盛洋科技、巨力索具2连板，银河电子涨停，中信重工、海格通信、天 箭科技跟涨。 盘面上，市场焦点股锋龙股份（10板）竞价涨停，商业航天概念股神剑股份（14天10板）高开0.95%、 鲁信创投（10天8板）竞价涨停、金风科技（9天5板）高开9.99%，福建本地股鹭燕医药（15天8板）低 开0.98%，AI应用概念股志特新材（创业板4板）竞价涨停、南兴股份（6天5板）低开3.24%，脑机接口 概念股普利特（4板）高开6.75%、爱朋医疗（创业板4天3板）低开6.03%，核电板块远东股份（3板） 竞价涨停、国机重装（2板）高开8.91%。 公司新闻 派瑞股份：公司与某供应商及其 ...