记者10月10日从东南大学获悉，该校日前发布国内首款集成多场景应用的量子线路设计优化与编译桌面 软件平台——"东南·云霄"。该平台可将量子算法"翻译"成可在真实量子计算机上运行的指令，保障核 心数据的安全，打通量子算法大规模应用的"关键一公里"。 "东南·云霄"研发团队负责人、东南大学信息科学与工程学院教授张在琛介绍，平台采用桌面软件形 态，支持用户在本地电脑上完成量子线路从搭建、优化到编译的全过程。核心数据无需上传至云端，全 程由用户自主掌控。这相当于把数据安全"钥匙"交给用户，有效规避了数据泄露和网络攻击风险。 复杂的量子算法通常对应着大量量子门构成的深层线路，这对当前充满"噪声"的量子硬件构成巨大挑 战。"东南·云霄"内置多层级优化策略，能对复杂的量子线路进行深度"瘦身"。研发团队成员刘雨享介 绍，通过该平台，用户可根据需求灵活选择优化等级，深度有效压缩量子门数量和线路，显著提升运算 效率。 同时，团队还专门开发了跨架构量子计算适配接口，该接口能兼容离子阱、中性原子、超导等多种主流 量子计算硬件体系，从而解决不同量子计算硬件架构间的隔阂。这一特性有助于降低开发成本，提高算 力利用率，从而加速量子计算应用 ...

Investment Rating - The report gives a "Buy" rating for the quantum computing hardware industry, marking its first coverage [1]. Core Insights - The report addresses key issues in traditional computing, explaining the principles of quantum computing and its advantages over classical computing, including overcoming computational bottlenecks, utilizing quantum tunneling phenomena, and addressing thermal dissipation effects [2]. - It identifies superconducting, ion trap, and neutral atom methods as the three most viable paths for quantum computing, with superconducting technology progressing the fastest [2]. - The report concludes that quantum computing is on the brink of large-scale application, with significant developments expected between 2027 and 2029, driven by global strategic planning and investments in quantum information [2]. - It highlights the importance of QPU, dilution refrigerators, and measurement control systems as the three core hardware components of quantum computing, estimating their market share in the quantum computing hardware value by 2030 and 2035 [2]. - The report emphasizes the acceleration of quantum computing industrialization and suggests focusing on scalability and fidelity as key indicators for investment opportunities [2]. Summary by Sections 1. Comparison of Quantum and Classical Computing - Classical computing is based on bits, which face challenges as processes shrink, leading to computational bottlenecks, quantum tunneling issues, and thermal dissipation problems [4][14]. - Quantum computing utilizes qubits, which can exist in superposition and entangled states, allowing for exponential parallel processing capabilities [14][18]. 2. Current State and Future of Quantum Computing - Major global powers view quantum computing as a strategic priority, with increasing investments and supportive policies [24]. - The report outlines significant investments from various countries, including the US, UK, and EU, aimed at advancing quantum technologies [24]. - The quantum computing industry is projected to experience rapid growth, with a CAGR of 87.66% from 2024 to 2030, driven by applications in finance, pharmaceuticals, and defense [35]. 3. Key Hardware Components - The report identifies QPU, dilution refrigerators, and measurement control systems as essential components, predicting their market sizes and shares by 2030 and 2035 [44][50][59]. - The dilution refrigerator market is expected to reach approximately $19.4 billion by 2030, driven by the demand from quantum computing [51]. - The measurement control system market is projected to exceed $210 billion by 2030, with major suppliers identified [63]. 4. Investment Opportunities - The report recommends focusing on companies such as Guoshun Quantum, Hexin Instruments, and others involved in quantum computing hardware and technology [2][71].

量子霸权争夺战：美国IonQ豪取20亿美元融资背后的科技暗战 当华尔街的资本洪流撞上量子力学的神秘法则，一场足以改写人类文明进程的科技军备竞赛正在悄然升 级。美国量子计算明星企业IonQ近日以 溢价20%的强势姿态完成20亿美元融资，这个数字不仅刷新了 行业纪录，更像是一记重锤敲响了量子商业化的战鼓。 华尔街的交易终端仍在实时跳动，IonQ股价3.8%的日内回调在资本长河中不过是一朵小小浪花。但站 在人类科技发展的维度上看，这20亿美元资本洪流的去向，或许正决定着未来三十年全球科技版图的划 分。当量子计算机最终破解RSA加密算法的那天，人们终将明白：2025年秋天这场看似普通的股权交 易，实则是 数字文明纪元的诺曼底登陆。 CEO德马西那句"加速全球量子商业化"的宣言绝非空谈。翻开IonQ的客户名单，亚马逊AWS的云服务 器、阿斯利康的分子模拟、英伟达的AI加速器赫然在列。今年6月四方联合公布的量子-经典混合计算成 果，已经让制药行业的分子动力学模拟效率提升数百倍。这不禁让人想起1945年曼哈顿计划中那些改变 世界的基础研究，只不过这次引爆的是 数字经济时代的核聚变。 黄仁勋三个月前在硅谷的预言正在应验："量 ...

智通财经10月11日讯（编辑 史正丞）昨夜今晨，美股市场以一场突然爆发的暴跌结束了本周的交易。受到避险情绪传染，原油、有色、加密货币集体下 挫，贵金属短线拉升。 加密货币市场似乎也出现短线巨震引发的连锁爆仓。本周早些时候曾突破12.5万美元新高的比特币，日内跌幅一度超过12%。数据网站Coinglass显示，短短 一小时内有超过70亿美元的头寸被强平。 其他消息 【白宫启动政府停摆期大规模裁员】 白宫行政管理和预算办公室主任拉塞尔·沃特周五在社交平台上表示，联邦政府雇员裁减程序（RIFs）已正式启动。根据各联邦机构传出的消息，裁员通知 正席卷整个美国联邦政府，涉及美国卫生与公众服务部、教育部、商务部、财政部、国土安全部、住房与城市发展部以及环境保护署等。 【美联储主席遴选完成"11进5"】 最新消息显示，在一系列面试之后，美国财政部长斯科特·贝森特已将美联储主席候选名单从11人缩减至5人。据悉。剩下的五名候选人分别为现任美联储监 管副主席米歇尔·鲍曼、美联储理事克里斯托弗·沃勒、白宫国家经济委员会主任凯文·哈西特、前美联储理事凯文·沃什以及贝莱德全球固定收益首席投资官 里克·里德。 根据统计，美国标普500指 ...

然而，交易量激增也引发了散户偏爱仓位过度拥挤的担忧。策略师警告称，部分股票动能已过度延伸， 量子计算等特定板块的任何调整都可能对更广泛的指数产生不成比例的影响。 交易活跃度创历史新高 花旗的交易活跃度数据打破了10月份的疲软季节性规律，交易量升至该行2018年开始追踪数据以来的最 高水平。花旗集团追踪的散户最爱股票篮子包括SoFi Technologies Inc.和Riot Platforms Inc.等公司。 其他银行的数据同样显示交易量大幅跳升。据摩根大通股票和量化策略师Arun Jain周三在给客户的报告 中写道，从10月2日到10月8日收盘，散户投资者将每周股票购买量加速至70亿美元，高于过去两个月每 周53亿美元的水平。 Interactive Brokers首席策略师Steve Sosnick表示： "我们长期以来一直认为，股市上涨主要由FOMO（害怕错过）和MOMO（动量投资）的结 合推动。目前，每次下跌都被视为买入机会，上升趋势成为追逐目标。" AI股票仍是散户热点 美股散户投资者正以前所未有的规模买入股票，其偏爱标的大幅跑赢大盘。花旗集团追踪的46只散户最 爱股票组合自9月初以来上涨30% ...

Group 1: Travel and Tourism - During the National Day and Mid-Autumn Festival holiday, a total of 2.432 billion people are expected to travel across regions, with an average of 304 million people per day, marking a year-on-year increase of 6.2% and setting a historical record [2] - Online travel platforms report that both the number of bookings and the average spending per person have increased year-on-year, with hotel and tour package bookings up by 4.6% and average spending up by 14.6% [2] - There is a noticeable shift in travel behavior, with more residents opting for nearby cities for self-driving trips rather than long-distance travel, indicating a trend towards short-distance travel and experiential tourism [2][3] Group 2: Automotive Industry - In September, several automotive companies reported growth in sales, with Seres selling 44,700 electric vehicles, a year-on-year increase of 19.44%, and Great Wall Motors achieving a total sales volume of 133,600 units, up 23.29% [6] - The market is increasingly dominated by new energy vehicles, with companies like BYD and Geely leading the growth through technological advancements, while traditional automakers are rapidly transitioning to electric models [7] - The upcoming reduction in subsidies for new energy vehicles may lead to a surge in demand before the end of the year, but a significant decline in sales is expected in the first quarter of the following year [7] Group 3: Government and Economic Impact - The U.S. federal government has been shut down for over a week due to funding issues, marking the first government shutdown in seven years, with significant implications for government operations and employee salaries [4][5] - The budget deficit for the U.S. federal government reached $1.8 trillion, with only a slight reduction compared to the previous year, indicating ongoing fiscal challenges [4] Group 4: Technology and AI - Google scientists have won the Nobel Prize in Physics for their groundbreaking contributions to quantum mechanics, which could significantly impact the field of quantum computing [8][9] - OpenAI has signed contracts worth approximately $1 trillion for computing power to run AI models, indicating a strong push for infrastructure investment in AI [10][11] - The acquisition of ABB's robotics business by SoftBank for $5.375 billion reflects a strategic move to build a comprehensive AI ecosystem, emphasizing the importance of robotics in AI applications [12][13] Group 5: Investment and Fundraising - A total of 23 new funds were launched recently, with a focus on actively managed equity funds and technology-themed funds, reflecting a strong interest in the tech sector [14][15] - The market for actively managed equity funds is recovering, while index funds continue to gain popularity, potentially stabilizing market volatility [15] Group 6: Stock Market Performance - The Shanghai Composite Index rose above 3900 points, reaching its highest level since August 2015, driven by strong market sentiment following the holiday [16] - The market is experiencing a surge in demand for commodities, particularly in the metals sector, as expectations for a weaker dollar grow [16][17]

Core Insights - Quantum computing stocks experienced significant gains on Thursday, with SEALSQ Corp rising over 19%, Rigetti Computing increasing by more than 6%, and D-Wave Quantum up by over 1.5% [1] Company Performance - SEALSQ Corp (LAES.US) saw a price increase of over 19%, indicating strong market interest and potential investor confidence [1] - Rigetti Computing (RGTI.US) rose by more than 6%, approaching historical highs, suggesting a positive trend in its stock performance [1] - D-Wave Quantum (QBTS.US) experienced a gain of over 1.5%, reflecting a stable interest in its offerings within the quantum computing sector [1]

Core Viewpoint - The 2025 Nobel Prize in Physics was awarded for advancements in quantum mechanics, showcasing how quantum phenomena can be observed in the macroscopic world, particularly through the work of a team from 40 years ago [6][9]. Group 1: Award Winners and Their Contributions - The award winners include John M. Martinis, Michel H. Devoret, and John Clarke, who formed a "dream team" that combined the expertise of a mentor, postdoctoral researcher, and doctoral student [7][8]. - Their experiments with superconducting electronic circuits revealed the operations of quantum physics on a macroscopic scale, demonstrating phenomena such as quantum tunneling [9][26]. Group 2: Quantum Mechanics Applications - Quantum mechanics underpins many modern technologies, including transistors and semiconductor chips, and the discoveries made by the award winners are foundational for next-generation quantum technologies like quantum cryptography and quantum computers [9][30]. - The research led to the development of "artificial atoms" as prototypes for quantum devices, which can process information by manipulating energy [30]. Group 3: John M. Martinis's Career and Achievements - John M. Martinis is recognized for his focus on practical applications of quantum physics, having led Google's quantum computing team and achieved "quantum supremacy" with the Sycamore processor [10][33]. - The Sycamore processor completed a task in approximately 200 seconds that would take a classical supercomputer 10,000 years, marking a significant milestone in quantum computing [35][36]. Group 4: Departure from Google and Future Aspirations - Martinis left Google after internal conflicts regarding project focus and direction, seeking to pursue his vision of building a commercially viable quantum computer at a startup called SQC [43][57]. - He believes that practical quantum computers could revolutionize various fields, including chemistry and sustainable energy technologies, and is optimistic about their potential impact on the economy and society [41][42].

（一）重要市场新闻 1、美联储会议纪要显示，多数官员表示今年进一步放松政策可能是合适的，多数与会者强调通胀前景 预期的上行风险。美股三大指数收盘涨跌不一，纳指涨1.12%，标普500指数涨0.58%，均创收盘新高， 道指几乎平收，热门科技股普涨，AMD涨超11%，三日累计涨43%，创九年来最佳三日表现，超微电脑 涨超6%，英伟达、博通涨超2%，亚马逊、特斯拉涨超1%。纳斯达克中国金龙指数涨0.87%，中概股多 数上涨，蔚来涨超4%，新东方涨超3%，哔哩哔哩、小鹏汽车涨超2%，爱奇艺跌超2%。 2、现货黄金涨1.41%，报4040.42美元/盎司，再创新高，盘中最高涨至4059.31美元的历史高位； COMEX黄金期货涨1.40%，报4060.60美元/盎司；COMEX白银期货涨1.95%，报48.44美元/盎司。国际 油价走高，美油主力合约收涨0.92%，报62.3美元/桶；布伦特原油主力合约涨0.9%，报66.04美元/桶。 欧洲三大股指收盘全线上涨，德国DAX指数涨0.87%报24597.13点，法国CAC40指数涨1.07%报8060.13 点，英国富时100指数涨0.69%报9548.87点。 （二） ...

每经记者｜杨建 每经编辑｜彭水萍 （一）重要市场新闻 1、美联储会议纪要显示，多数官员表示今年进一步放松政策可能是合适的，多数与会者强调通胀前景 预期的上行风险。美股三大指数收盘涨跌不一，纳指涨1.12%，标普500指数涨0.58%，均创收盘新高， 道指几乎平收，热门科技股普涨，AMD涨超11%，三日累计涨43%，创九年来最佳三日表现，超微电脑 涨超6%，英伟达、博通涨超2%，亚马逊、特斯拉涨超1%。纳斯达克中国金龙指数涨0.87%，中概股多 数上涨，蔚来涨超4%，新东方涨超3%，哔哩哔哩、小鹏汽车涨超2%，爱奇艺跌超2%。 2、现货黄金涨1.41%，报4040.42美元/盎司，再创新高，盘中最高涨至4059.31美元的历史高位； COMEX黄金期货涨1.40%，报4060.60美元/盎司；COMEX白银期货涨1.95%，报48.44美元/盎司。国际 油价走高，美油主力合约收涨0.92%，报62.3美元/桶；布伦特原油主力合约涨0.9%，报66.04美元/桶。 欧洲三大股指收盘全线上涨，德国DAX指数涨0.87%报24597.13点，法国CAC40指数涨1.07%报8060.13 点，英国富时100指数涨0. ...