在这个快速变化的时代，人工智能技术正以前所未有的速度发展，带来了广泛的机会 。 《AI日 报 》致力于挖掘和分析最新的AI概念股公司和市场趋势，为您提供深度的行 业 洞察和价 值 分 析。 此外，英伟达首席执行官黄仁勋表示，除人工智能外，机器人技术是这家芯片制造商最具增长潜 力的市场，而自动驾驶汽车将成为该技术的首个主要商业应用领域。 周三，黄仁勋在英伟达年度 股东大会上回答一位与会者提问时表示："我们公司有许多增长机遇，其中 AI 和机器人技术是最 大的两个，代表着数万亿美元的增长机会。" 2.软银公司（SoftBank Corp）CEO Junichi Miyakawa：将保持对AI领域投资的进攻立场。 整理 | 美股研究社 A I 快 报 1. 美东时间6月25日，英伟达召开2025年度线上股东大会，当天公司股价大涨4.3%，收于 154.31美元，再创历史新高， 总市值达到约3.77万亿美元，继续稳固全球市值第一的位置，超 过微软（约3.66万亿美元）。 目前，将近90%的分析师对该公司持买入评级。英伟达近期公布的财报是牛市的最新催化剂，报 告显示其增长强劲，并预示着未来仍将保持强劲增长势头。根据彭博 ...

Group 1 - The technology sector is experiencing a strong surge, with cloud computing and computer stocks seeing significant increases, including companies like Zhina Compass, Changliang Technology, and Hengsheng Electronics, which have all risen over 25% in the past 10 days [1] - The Computer ETF (159998) has achieved three consecutive days of gains, with a cumulative increase of over 7% this week and five consecutive days of net inflows, including a net subscription of 172 million shares yesterday [1] - The Cloud Computing ETF (517390) saw an intraday increase of approximately 2%, with a weekly cumulative increase nearing 7%, driven by significant breakthroughs in industrial 5G terminal equipment construction and optimistic capital expenditure outlooks from leading cloud vendors [1] Group 2 - As internet giants increasingly invest in cloud computing and traditional financial institutions undergo a new round of IT reforms, the application of cloud computing in the financial sector is accelerating [2] - According to IDC, the Chinese financial cloud market is projected to reach $5.23 billion in the second half of 2024, reflecting a year-on-year growth of 11.0%, indicating a diversified market development [2] - Starting in 2025, the entry of open-source models like DeepSeek is expected to introduce new changes and opportunities in the competitive landscape of the financial cloud market, leading to a potential dual growth of "infrastructure reconstruction + intelligent application explosion" [2]

Core Viewpoint - PPLabs Technology Limited (referred to as "Paiouyun") has submitted an application for an IPO on the Hong Kong Stock Exchange, despite incurring significant losses over the past three years, totaling over 560 million yuan [1][6]. Company Overview - Paiouyun was founded in 2018 by Yao Xin and Wang Wenyu, focusing on distributed cloud computing services to address the mismatch between massive computing demand and underutilized supply [4]. - The company offers edge cloud computing and AI cloud computing services, leveraging a global network of computing resources [4]. Financial Performance - Paiouyun's revenue for the years 2022 to 2024 was 286 million yuan, 358 million yuan, and 558 million yuan, respectively, reflecting a compound annual growth rate (CAGR) of 39.7% [5]. - Despite revenue growth, the company reported losses of 84.97 million yuan, 189 million yuan, and 294 million yuan for the same period, with total losses amounting to approximately 568 million yuan [6]. Market Position - As of December 31, 2024, Paiouyun ranks first among independent edge cloud computing service providers in China, with a computing network covering over 1,200 cities and more than 4,000 computing nodes [5]. - The global edge cloud computing market is projected to reach 185.1 billion yuan in 2024, with the Chinese market expected to grow to nearly 37 billion yuan by 2029 [5]. Investment and Funding - The company has undergone five rounds of financing, with a post-money valuation of approximately 4.69 billion yuan after its B round in April 2025 [10]. - Recently, Paiouyun received investment support from a Hong Kong investment management company, often referred to as the "Hong Kong version of Temasek" [11]. Use of IPO Proceeds - The net proceeds from the IPO will primarily be used to enhance technical capabilities in distributed cloud computing services, expand market share, and support overseas expansion [11].

公众号记得加星标⭐️，第一时间看推送不会错过。 DGX Cloud 已然快速增长。瑞银分析师在其成立之初就估计，其年收入可能超过 100 亿美元。而 CoreWeave 于 3 月份在纳斯达克上市，预计今年的收入约为 50 亿美元。 来源：内容 编译自 WSJ 。 云计算为亚马逊、微软和谷歌带来了巨额利润。如今，随着人工智能云计算专家的崛起以及行业新势 力——英伟达——的崛起，这棵摇钱树正面临新的威胁。 人工智能芯片制造商英伟达两年前推出了自己的云计算服务，名为 DGX Cloud。该公司还培育了一 批与大型云计算公司竞争的新兴企业，投资了人工智能云计算公司 CoreWeave 和 Lambda。 这些举措尚未产生巨大影响，但如果计算需求继续向人工智能转移，而英伟达仍然是该领域的主 要"军火商"，那么竞争格局的转变是可以想象的。 所有大型云计算公司实际上都在出租AI芯片，其中许多芯片由英伟达制造，英伟达的市场份额估计约 为80%。然而，这些云计算公司正在帮助英伟达发展自身的云业务，这或许也证明了英伟达的市场实 力。 这些业务受限于其对人工智能计算的狭隘关注，与亚马逊市场领先的云业务去年超过 1070 亿美元的 ...

4. 【机构：新加坡制造业可能因美国制造业回流的举措而受到负面影响】RHBBank集团首席经济学 家兼市场研究主管BarnabasGan表示，新加坡制造业可能因美国制造业回流的举措而面临短期的潜 在负面影响。新加坡经济体量小且高度开放，已深度融入全球价值链。Gan表示，作为国际制造业的 关键参与者和高科技生产中心，新加坡正因投资流向转变、贸易格局演变以及地缘政治不确定性升温 而面临越来越大的压力。Gan补充说："全球资本和生产可能回流美国，这对新加坡的这一定位构成 了挑战，尤其是在新加坡已建立强大实力的行业，例如电子和精密工程领域。"（新浪财经） 5. 【消息称三星已打造更优秀DRAM结构，且良率提升至60%以上】6月25日消息，三星电子已成功 打造出一种比以往占用面积更小、发热量更低、电力和信息传输更顺畅的DRAM结构。三星电子计划 将新设计应用于其1c DRAM。预计以此方式生产的 DRAM 将用于计划于下半年生产的HBM4。基于 这项成果，三星电子已将最新DRAM生产良率大幅提升至60%以上，并已开始研究如何在新设计 DRAM量产前进一步提高良率，同时还与客户合作开展测试。（ 科创板日报） 1.【亚马逊 ...

Group 1 - The A-share market is led by sectors such as telecommunications, electronics, and computing, with active concepts including lithium battery electrolytes and solid-state batteries [1] - Nvidia's stock surged 4.3% to $154.31, reaching a market capitalization of $3.77 trillion, surpassing Microsoft as the world's largest company [1] - Nvidia's CEO highlighted the significant opportunities in AI and robotics, indicating a growing global demand for "sovereign AI" and marking the beginning of a decade-long AI infrastructure development wave [1] Group 2 - The Cloud Computing 50 ETF (516630) tracks an index with a high AI computing content, covering popular concepts such as optical modules, data storage, and liquid cooling [2] - The Cloud Computing 50 ETF has the lowest total fee rate for tracking the index [2]

智通财经APP获悉，时隔近半年之久，有着"AI芯片霸主"称号的英伟达(NVDA.US)股价再创历史新高点位，这家人工智能芯片领军者自4月低 谷价位以来的无比强劲涨势，全面巩固了其作为全球最有价值上市公司之一的地位。对于长期钟情于英伟达以及AI算力产业链的投资者们来 说，席卷全球的"AI信仰"对于算力领军者们的股价催化远未完结，"AI总龙头"英伟达的市值冲5万亿美元市值之路再一次扬帆启航，在一家华 尔街投资机构看来甚至有望冲击6万亿美元。 英伟达股票价格在周三强势上涨4.3%，至154.31美元，突破了该股此前在1月初期创下的历史纪录。自4月的阶段性股价低点以来，英伟达已 累计跃升63%，市值足足增加近1.5万亿美元。按当日收盘价位计算，该公司总市值约 3.77 万亿美元，超越AI应用软件领域领头羊微软 (MSFT.US)的3.66万亿美元市值，重夺"全球股王"这一超级宝座，再度荣膺全球最高市值公司。 台积电、英伟达以及博通等AI基础设施领导者们近期无比强劲的财报数据，以及Facebook母公司Meta、甲骨文、OpenAI、微软以及亚马逊等 科技巨头们持续井喷式扩张的AI算力需求，乃最为重要的股价看涨催化剂。 ...

中金研究 互联网行业历经两年多降本增效的收缩期，财务状态普遍得以修复，2025年以来，我们观察到行业明显进入新一轮投资周期，AI、出海、即时零售等 方向成为热点。我们认为创新和冒险是镌刻在互联网基因中的元素，虽然我们看好大部分投入所带来的增量，但站在二级市场投资角度，我们认为展 望未来时，亦需留出足够大的缓冲空间，平衡好短期与长期之间的节奏。 点击小程序查看报告原文 Abstract 摘要 "古典互联网"再次站上历史舞台。 2025年距饿了么、美团、滴滴等上一轮移动互联网代表公司成立已十五年有余，在移动互联网发展初期，企业通常会 把市场份额视为主要竞争力，把对手消耗在快速依靠资本提升规模的阶段，至于投入产出长期是否成立，可以在主要竞争对手消失后再说。随着国内互联 网早已完成各项服务从零到一的渗透，龙头公司份额日趋稳固，这种"古典"打法日趋过时，行业所关注的核心指标，也从用户数、交易额等先行指标，转 向核心利润。究其原因，当市场趋于成熟时，没有那么多的增量空间；资本也趋向冷静，没有那么多的资源去支持在存量上的同质化竞争。出乎意料的 是，年初以来多家行业龙头加入了以用户数、单量、市场份额为目标的外卖和即时零售的竞 ...

在全球经济进入深度变局之际，2025夏季达沃斯论坛以"新时代企业家精神"为主题，为世界经济把脉问 诊。 从工业革命到数字时代，企业家精神始终是推动经济转型的核心引擎之一，而在充满不确定性的今天， 这一精神又被赋予了新的时代内涵。 在主题为"中国创业生态前瞻洞察"分论坛上，来自云计算、自动驾驶、AI领域的中国青年企业家们，用 生动的实践诠释了新时代企业家精神的"破圈"与"破局"之道。 "破圈"首先体现在产业融合的深度实践层面。在2025夏季达沃斯论坛现场，AI、生物科技、新能源、信 息技术等前沿领域的讨论热度居高不下。越来越多的企业家意识到，单一产业的发展空间正逐渐趋 于"天花板"，跨行业整合资源、共享技术成果，是挖掘新增长点的重要途径。 主动打破藩篱，在技术交叉处发现新蓝海，元戎启行CEO周光分享的自动驾驶商业化路径，正是这种跨 界思维的例证之一。 新时代企业家精神的"破圈"还体现在国际合作方面。在经济全球化遇阻的背景下，仍有众多企业家积极 寻求跨国界的合作机会，将产品与服务推向全球市场。他们不仅输出优质的商品，更将中国企业的创新 理念、管理模式传播到世界。 就像TCL创始人李东生所言，面对全球化的新形势，跨 ...

Core Insights - Nvidia's DGX Cloud service is rapidly growing, with UBS analysts projecting annual revenue to exceed $10 billion [1] - Nvidia employs a dual strategy in the AI cloud computing sector by directly operating DGX Cloud and investing in emerging companies like CoreWeave and Lambda [2] - The DGX Cloud service allows customers to access Nvidia's AI supercomputers remotely, avoiding the need for expensive hardware purchases [3] Nvidia's Business Model - Since its launch in March 2023, DGX Cloud has expanded its partner network significantly, signing long-term cloud service agreements worth $10.9 billion, up from $3.5 billion the previous year [3] - Nvidia's unique operational model involves cloud giants purchasing and managing hardware, which Nvidia then rents back to provide services to enterprise clients [3] - This arrangement creates a complex relationship where cloud providers benefit financially while potentially aiding a competitor [5] Market Dynamics - The entry of Nvidia into the cloud computing space poses a threat to traditional giants like Amazon, Microsoft, and Google, which rely heavily on cloud services for profitability [5] - Amazon's cloud business generated over $107 billion in sales last year, contributing significantly to its overall revenue [5] - Nvidia holds approximately 80% of the AI chip market, making it a critical supplier for all major cloud service providers [5] Competitive Landscape - As Nvidia's DGX Cloud competes with existing cloud services, traditional providers are also developing their own AI chips to reduce reliance on Nvidia [5] - The shift in computing demand towards AI presents both opportunities and challenges for established cloud providers, particularly amid economic uncertainties [5]