美股核电、量子计算概念股盘前齐挫，OKLO跌近10%，NANO Nuclear Energy、Energy Fuels跌超5%； RGTI、QUBT、QBTS、IONQ、昆腾、LAES均跌超4%。 ...

格隆汇9月25日｜OKLO跌近10%，NANO Nuclear Energy、Energy Fuels跌超5%；RGTI、QUBT、 QBTS、IONQ、昆腾、LAES均跌超4%。 ...

Group 1: Alibaba and AI Developments - Alibaba announced a collaboration with NVIDIA for Physical AI, covering data synthesis, model training, environment simulation, and model validation [1] - Alibaba's CEO stated that achieving Artificial General Intelligence (AGI) is a certainty, with the ultimate goal being the development of Super Artificial Intelligence (ASI) [1] - Alibaba is investing 380 billion yuan in AI infrastructure over three years, with plans for further investments [1] Group 2: Data Centers and Cloud Computing - Eight government departments, including the Ministry of Commerce, issued policies to support the establishment of international data centers and cloud computing centers in free trade zones [2] - The initiative aims to meet the needs of service trade's new business models and provide data processing services to various enterprises [2] Group 3: AI Model Launch - Alibaba released the Qwen3-Omni series, a multimodal pre-trained model that excels in audio and video tasks, achieving state-of-the-art results in 22 out of 36 benchmarks [3] - The model can process multimodal inputs and outputs, maintaining stable performance in text and image tasks [3] Group 4: Beidou Industry Growth - The China Academy of Information and Communications Technology predicts that by the end of 2028, the number of new Beidou-supported terminals and devices will exceed 400 million [4] - The overall output value of the Beidou satellite navigation and positioning service industry is expected to reach 575.8 billion yuan in 2024 [4] Group 5: Emerging Markets Investment - HSBC's survey indicates that over 60% of global institutional investors believe emerging market stocks will outperform developed markets, with China being the top choice for investment [5] - The percentage of investors optimistic about the Chinese stock market has increased from about one-third in June to over half [5] Group 6: Cement and Glass Industry Regulations - Six government departments issued a plan prohibiting the addition of new cement clinker and flat glass production capacity, requiring capacity replacement plans for new and renovated projects [6] - The plan encourages leading companies to explore green low-carbon transformation funds to expedite the exit of inefficient capacity [6] Group 7: Quantum Computing Advancements - GuoShun Quantum announced the delivery of the highest qubit superconducting quantum computer in China, contributing to the "Zu Chongzhi" series of research tasks [7] - The company emphasizes the importance of reducing qubit control error rates and increasing the number of qubits for practical quantum computing [7] Group 8: Advanced Materials Promotion - The Ministry of Industry and Information Technology is promoting the application of advanced ceramics and flexible glass in new displays and integrated circuits [8] - The plan supports the establishment of cooperation mechanisms between inorganic non-metallic material producers and their supply chains [8] Group 9: AI Industry Growth - The China Academy of Information and Communications Technology estimates that the AI industry in China will exceed 900 billion yuan in 2024, with a year-on-year growth of 24% [9] - As of September 2025, there are over 5,300 AI companies in China, accounting for 15% of the global total [9] Group 10: Medical Device Innovation - The National Healthcare Security Administration is collecting information on innovative medical consumables, including brain-computer interfaces and surgical robots [10] - The initiative aims to optimize the classification system for medical consumables and support timely coding after product approval [10]

Core Insights - Rigetti Computing Inc. has seen a significant stock increase, with a year-to-date surge of approximately 100% and a staggering 3,900% rise over the past 12 months [1] Group 1: Stock Performance - The stock's meteoric rise has garnered attention from investors, particularly those interested in ETFs focused on quantum computing [2] - Rigetti's stock price increased by more than 20% following the announcement of a $5.8 million, three-year deal with the U.S. Air Force for quantum networking technology research [3] - ETFs such as RGTU and RGTX have experienced substantial gains, with RGTU up over 473% since its inception and RGTX up around 770% since early April [4] Group 2: Financial Performance - Rigetti's financial results have shown inconsistency, with a year-over-year revenue decline of over 50%, reporting $1.8 million in the second quarter, which was significantly below Wall Street's estimate of $2.6 million [5] Group 3: Market Sentiment and Risks - The short interest in Rigetti stands at 51.56 million shares, accounting for 16.28% of the float, indicating strong bearish sentiment among investors [5] - Despite the challenges, the U.S. government's increasing focus on quantum technology, exemplified by the Air Force contract, may drive future growth in the sector [6] Group 4: ETF Exposure - Other ETFs providing exposure to Rigetti include the Defiance Quantum ETF QTUM and ARK Autonomous Technology & Robotics ETF ARKQ, which, while not exclusively focused on quantum computing, include Rigetti as part of their holdings [6][7]

Core Viewpoint - Quantum computing concept stocks in the US market showed strong performance, with significant gains for several companies following a media report about an innovative solution proposed by Allied Holographics for controlling quantum photonic states, which may have important applications in quantum optics [1] Group 1: Stock Performance - Allied Holographics (HOLO.US) surged over 13% [1] - Rigetti Computing (RGTI.US) and Quantum (QMCO.US) both increased by more than 8% [1] - IonQ Inc (IONQ.US) and Quantum Computing (QUBT.US) rose over 4% [1] Group 2: Innovation Announcement - Allied Holographics announced an innovative solution for controlling quantum photonic states [1] - The proposed solution is expected to have significant applications in the field of quantum optics [1]

通信行业点评 姚院士在浦江论坛对量子提出了怎样的期待？ 2025 年 09 月 23 日 ➢ 2025 年 9 月 21 日浦江创新论坛上，姚院士就量子计算+A 开展演讲，认 为两者可"相互赋能"。"将量子与 AI 这两项颠覆性技术结合，或许能推动人类 突破现有知识极限，实现系统能力的跃升。"在姚期智院士看来，二者的融合不是 简单叠加，而是相互赋能的"化学反应"。大会同时宣布成立上海量子人工智能联 合体、上海量子科技装备产业创新联盟，发布上海量子计算十大应用场景，标志 上海量子科技与产业发展迈入崭新发展阶段。 ➢ 我国 AI 量子：基础扎实潜力无限。大会上指出，当前我国在量子纠错、AI 赋能量子等领域紧跟国际前沿，最新研究进展在部分方向上已经具备了"并跑"， 甚至局部"领跑"的可能。中国科学院院士俞大鹏指出，中国在量子计算领域已 取得显著突破。在上海，复旦大学成功研制出中性原子量子计算系统，制定高效 并行量子计算指令集；开发 ai+量子调控方案，实现了大规模原子系统的自动校 准、优化，为量子计算增效提速；自研物镜的性能也已支撑万比特级中性原子量 子计算；近期在量子优化算法上又取得新突破，大幅提升 NP 难问题 ...

数据显示，包括微软、亚马逊和Meta在内的科技巨头将在下个十年初将AI年度支出提升至5000亿美元 以上。OpenAI和中国DeepSeek等公司新模型的发布进一步刺激了对AI服务的需求，推动整个行业加大 投资力度。 在AI公司竞相宣布数千亿美元数据中心投资计划的背后，一个更为严峻的问题正在浮现——如何产生 足够收入来覆盖这些巨额支出。 近日，全球知名咨询公司贝恩咨询警告称，人工智能行业正面临一个前所未有的收入缺口危机。该公司 最新发布的年度全球技术报告预测，到2030年AI公司将需要2万亿美元的年收入来支撑预期的计算需 求，但实际收入可能短缺8000亿美元。 这一巨大缺口源于AI服务变现能力远未跟上数据中心和相关基础设施的支出需求。以ChatGPT为代表的 AI服务虽然用户增长迅速，但盈利模式仍不明朗，而OpenAI等头部公司每年亏损数十亿美元。 贝恩全球技术实践主席David Crawford表示："如果当前的扩展规律持续，AI将日益拉紧全球供应 链。"该报告预测，全球AI算力需求到2030年可能激增至200吉瓦，其中美国占据一半份额。 这一预警进一步加剧了市场对AI行业估值和商业模式可持续性的质疑。尽管 ...

Group 1 - OpenAI and other AI companies are facing a significant revenue gap, with Bain predicting a shortfall of $800 billion by 2030, as they need to generate $2 trillion annually to support their infrastructure investments [1] - The demand for AI services is increasing, but the cost-saving effects and revenue generation capabilities from AI have not kept pace with the rising costs of data centers and energy [1] - Major tech companies like Microsoft, Amazon, and Meta are expected to increase their annual spending on AI to over $500 billion by 2030, driven by the launch of new models and increased market demand [2] Group 2 - The global demand for AI computing power is projected to reach 200 gigawatts (GW) by 2030, with the United States accounting for half of this demand [2] - Companies are expected to allocate up to 10% of their tech spending on building core AI capabilities, including autonomous AI agents, over the next 3 to 5 years [2] - Quantum computing is anticipated to create a market value of $250 billion across various industries, although its development will be gradual rather than breakthrough [2][3] Group 3 - Humanoid robots are attracting significant investment and are in the early stages of deployment, with their commercial success dependent on the maturity of the ecosystem [3] - Early adopters of robotic pilot projects are likely to gain a competitive advantage in the industry [3]

Group 1 - Goldman Sachs raised the S&P 500 index target from 6600 to 6800 points, citing a dovish stance from the Federal Reserve and strong corporate earnings as key reasons [1][2] - Other investment banks also increased their S&P 500 targets, with Deutsche Bank predicting 7000 points by 2025 and Wells Fargo estimating 6650 points by year-end [1][2] - The strong performance of U.S. equities is attributed to the Fed's interest rate cuts, which are expected to continue in the coming months [3] Group 2 - Demand for AI has significantly boosted traditional storage companies, with Seagate and Western Digital seeing stock price increases of 156% and 137% respectively [4][5] - Analysts caution that the surge in these stocks may be overhyped, as they have surpassed Wall Street's average target prices, suggesting a potential for profit-taking [4][5] - The AI-driven demand for storage and memory solutions is expected to continue, but investors should remain cautious of market volatility and potential overvaluation [5] Group 3 - Morgan Stanley's report highlights the strong performance of the MSCI China Index, which has returned 48% over the past year, driven by structural improvements and stable corporate earnings [6][7] - The report emphasizes the recovery of return on equity (ROE) and increased investment in high-quality large-cap stocks, indicating a healthier market structure [6][7] - Core sectors such as internet, technology, and pharmaceuticals are expected to see continued earnings upgrades, supporting a positive outlook for the Chinese stock market [6][7] Group 4 - The UK and US have signed a "Technology Prosperity Agreement" to advance quantum technology, with significant investments aimed at developing AI and quantum computing [8][9] - NVIDIA has made substantial investments in quantum computing companies, reflecting a growing interest in this sector [8][9] - The rise of quantum computing stocks is driven by increasing government and corporate investments, as well as the demand for advanced computing capabilities [9][10]

Group 1: Core Insights - The A-share IPO market is experiencing new changes driven by both policy and market dynamics, with a notable increase in unicorn companies in sectors like commercial aerospace and quantum computing initiating their IPO processes [1][2][3] - As of September 22, 185 companies have had their IPO applications accepted this year, a significant increase from 76 in the entirety of 2024, indicating a robust recovery in the IPO acceptance rate [4][5] - The number of new companies listed on the A-share market has remained stable compared to the same period last year, with 71 companies having gone public so far this year, slightly up from 69 last year [6] Group 2: Sector Focus - The commercial aerospace sector is seeing multiple unicorn companies, such as Weina Starry and Blue Arrow Aerospace, starting their IPO guidance processes, highlighting a competitive race for the "first stock" in this field [2] - In the quantum computing industry, companies like Benyuan Quantum are also moving towards IPOs, with a focus on commercializing quantum computing technologies [3] - Hard technology sectors are expected to remain a focal point for the market, with companies possessing core technologies and clear business models likely to gain market recognition [7] Group 3: Market Trends - The trend of "withdrawal waves" in the IPO market has decreased, with only 89 companies voluntarily withdrawing their applications this year, a drop of over 70% compared to the previous year [5] - The current IPO market is characterized by an increase in acceptance and a decrease in terminations, attributed to collaborative efforts among policy, market, and enterprises [5] - The regulatory body has emphasized maintaining strict entry standards for IPOs, ensuring that there will not be a large-scale expansion in the number of listings [6]