家人们，我是帮主郑重！今天早盘市场给了个小惊喜——创业板指半日涨1.22%，近4000只个股飘红，这行情看着挺热闹。但别急着喊牛市，咱们得扒开数 据看门道。 先看盘面，三大指数全线收红，沪指涨0.43%，深成指涨0.91%，创业板指领涨1.22%。北向资金半天净流入超50亿，外资这波抄底动作挺快。不过成交量缩 到7425亿，比昨天少了200多亿，说明市场还是有点犹豫，资金在等方向确认。 科技线：AI硬件反弹，铜缆链接成新宠 早盘AI硬件概念集体反弹，华脉科技、润建股份涨停，光模块、服务器这些老面孔又支棱起来了。这和咱们之前聊的算力产业链逻辑不谋而合——国产替 代加速，华为昇腾生态的兄弟们（比如拓维信息）订单接到手软。铜缆高速链接突然异动，估计是英伟达Blackwell芯片量产的消息刺激的，国产替代逻辑 下，得润电子这些做连接器的公司成了资金新宠。 另一边，大消费板块突然发力，香飘飘、峨眉山A涨停，金陵体育这种体育消费股也冲上涨停。这波反弹有点意外，但细想也在情理之中——五六月是传统 消费旺季，叠加618临近，资金提前布局。不过要提醒一句，消费复苏持续性要看政策落地情况，别被短期情绪带偏。摘帽板块异动倒是正常， ...

不知道你们在插笔记本 USB-C 接口的时候，有遇到过这样的疑问没？ 明明都是 USB-C ，为什么这个能充电不能传数据，那个能传数据不能接显示器？ 这怕是 PC 行业很经典的接口迷惑行为了吧。 最近有个好消息是，微软看不下去这场闹剧了。 其通过了 Windows 11 WHCP（ Windows 硬件兼容性计划）新规，宣布要终结 USB-C 接口的混乱局面，让所有接口都必须支持数据、充电和显示功能。 这意味着，未来你随便找个 USB-C 口插上就能用了。 其实理论上，一个 USB-C 接口就能搞定充电、数据传输和视频输出；但不同厂商对 USB-C 的实现方式五花八门。 例如，充电口只能充电，数据传输速度堪比蜗牛（ USB 2.0 的 480Mbps ）；数据口传文件飞快，但插上显示器就拉了； 全能口的话，价格贵不说，还习惯放在笔记本比较隐蔽的角落；甚至还有薛定谔接口，插上去之前你永远不知道它支持什么功能...... 这块微软有过 Windows 的诊断数据显示，27% 配备 USB4 的 PC 遇到过功能受限通知，用户明明插入了 USB-C 设备，但 PC 就是不买账。 而对于 PC 厂商来说，每个全功能 ...

Core Viewpoint - HPE is transforming into a key player in AI infrastructure, driven by a surge in enterprise-level AI server orders and strong demand from sovereign clients in the Middle East [1][6]. Group 1: Financial Performance - HPE reported a strong second-quarter performance with adjusted earnings per share of $0.38 and revenue of $7.63 billion, a 6% year-over-year increase, surpassing the consensus estimate of $7.45 billion [1]. - The company secured $1.1 billion in net new orders during the second quarter, with approximately one-third coming from enterprise clients [1]. - AI backlog orders soared to $3.2 billion, indicating significant demand for AI-related products [1]. Group 2: Business Segments - Total server revenue grew by 6% to $4.06 billion in the quarter [4]. - Revenue from hybrid cloud business increased by 13% to $1.45 billion [4]. - The networking business experienced its first revenue and profit growth after five consecutive quarters of decline, driven by AI developments [4]. Group 3: Strategic Insights - HPE is accelerating the deployment of NVIDIA's new Blackwell series GB200 products, with the AI backlog being just the tip of the iceberg, as the overall pipeline is several times larger [1][5]. - The management highlighted the company's expertise in direct liquid cooling technology, which is crucial for managing the high heat generated by modern AI chips [3]. Group 4: Future Outlook - For the third quarter, HPE expects revenue between $8.2 billion and $8.5 billion, with adjusted earnings per share projected at $0.40 to $0.45 [6]. - The company is navigating a complex macroeconomic and geopolitical environment while preparing for additional actions to meet its fiscal 2025 outlook [6]. - HPE is facing regulatory challenges, particularly regarding its acquisition of Juniper Networks, which could impact its strategic plans [6].

Group 1: Fund Industry Developments - Multiple public funds are actively purchasing newly issued floating-rate funds, indicating strong market interest and support from fund companies [1] - The new floating-rate funds are designed to anchor performance benchmarks, incentivizing fund managers to enhance investment capabilities and research systems [1] - As of June 3, 440 A-share listed companies have announced share buybacks, with 78 companies initiating new buyback plans in May alone [1] Group 2: Wealth Management and Financial Services - The wealth management industry is experiencing a "fee reduction wave," with some products offering management fees as low as 0.01% per year, translating to just 1 yuan for a 10,000 yuan investment [2] - Major banks are adjusting their car loan commission structures, reducing high rebate rates to enhance service quality and market competitiveness [2] Group 3: Pharmaceutical and Biotechnology - Bayer's prostate cancer drug Nubeqa has received FDA approval based on positive results from a Phase 3 trial, showing a 46% reduction in the risk of disease progression or death [3] Group 4: IPO and Market Activity - There has been a significant increase in foreign capital participation in Hong Kong IPOs, with 15 out of 27 companies this year attracting foreign cornerstone investors, compared to only 3 last year [5] - Shenzhen Handback Technology Group's IPO faced challenges, with its stock price dropping nearly 30% from the initial offering price shortly after listing [6][7] Group 5: Corporate Financing and Strategic Moves - China Ping An plans to issue zero-coupon convertible bonds totaling 11.765 billion HKD to support its business development and capital needs [10] - United Optoelectronics intends to acquire 100% of Changyi Optoelectronics through a share issuance, with the final transaction details pending [8] Group 6: Market Performance - The US stock market saw all three major indices rise, with the Dow Jones increasing by 0.51% and Nvidia leading the gains in the tech sector [11]

公司同时上调了全年盈利指引，预计每股收益为1.78-1.90美元(原指引下限为1.70美元)，高于市场预期 的1.80美元。 慧与预计，截至10月的全财年营收在剔除汇率波动后将增长7%-9%(原指引为7%-11%)。 人工智能浪潮推动了对高性能服务器等硬件的需求，慧与和戴尔科技(DELL.US)、超微电脑(SMCI.US) 等厂商均受益于此。 慧与科技(HPE.US)在美东时间周二盘后公布了第二财季业绩，营收、业绩超预期，并表示预计今年关 税对其业务的影响将有所减轻。报告发布后，该股一度上涨近5%。这家总部位于德州的公司在声明中 称，第二财季销售额同比增长6%至76.3亿美元，高于分析师平均预期的74.6亿美元，调整后每股收益为 38美分，高于分析师平均预期的33美分。 截至发稿，慧与科技在美股夜盘上涨3.6%，报18.33美元，但年内累计跌幅仍达17%。 首席执行官安东尼奥内里(Antonio Neri)在采访中表示，关税对公司利润的影响预计将更为温和，全年调 整后利润受关税负面影响预计为每股4美分，低于此前预期的7美分。 但由于需要为服务器配置英伟达(NVDA.US)等厂商的昂贵AI芯片，该业务线利润率较 ...

内容概况：在"双减"政策持续深化的背景下，家长和学生对优质教育的需求依然旺盛，AI学习机凭借高 效的资源整合能力成功承接了需求转移，成为推动市场增长的核心动力。随着众多K12教辅机构纷纷向 AI学习机等教育智能硬件领域转型，新的市场参与者的涌入推高了市场规模。此外，大模型的兴起和 应用也使得产品更好地满足了用户多元化和高效化地学习需求。据统计，2024年，中国AI学习机市场 全渠道销量为592.3万台，同比增长25.5%；销售额为190.6亿元，同比2023年增长37.6%。2025年以来， AI学习机作为平板电脑的主力产品，正式进入"国补"目录，大大降低了消费者的购买成本，进一步刺激 了市场需求的释放。与此同时，AI学习机品牌商在年货节、开学季加大促销，推出多款中端价位产 品，其显著高于2024年的力度有效激发了此前因价格因素而持观望态度的消费群体。2025年第一季度， 中国AI学习机市场的全渠道销量为126.5万台，同比上涨29.4%，销售额为40.2亿元，同比上涨15.8%。 未来，AI学习机的销售额有望突破千亿。 相关企业：作业帮教育科技（北京）有限公司、网易有道信息技术（北京）有限公司、深圳市优学天 ...

Market News - US stock indices collectively rose, with the Dow Jones up 0.51%, Nasdaq up 0.81%, and S&P 500 up 0.58%. Notable tech stocks saw significant gains, with Broadcom rising over 3% and Nvidia up over 2%, surpassing Microsoft to become the world's most valuable company with a market cap of $3.445 trillion compared to Microsoft's $3.441 trillion [1] - International gold prices fell, with spot gold down 0.83% at $3352.885 per ounce, while COMEX gold futures dropped 0.60% to $3376.90 per ounce. In contrast, international oil prices rose, with WTI crude up 1.31% at $63.34 per barrel and Brent crude up 1.47% at $65.58 per barrel [1] - European stock indices also closed higher, with Germany's DAX up 0.67%, France's CAC40 up 0.34%, and the UK's FTSE 100 up 0.15% [1] Industry Insights - The National Medical Products Administration recently approved 11 new drugs for market, covering areas such as oncology and endocrinology, with several being the "first in China" or "first domestic" drugs. Among these, 7 are Class 1 drugs, representing the highest level of drug innovation in China's registration classification. This marks a significant acceleration in the R&D pipeline of innovative pharmaceutical companies in China [2] - The approval of new drugs indicates a maturing phase for China's innovative drug industry, with over 30 new drugs approved this year. The recent ASCO annual meeting showcased over 70 research results from Chinese pharmaceutical companies, highlighting the internationalization of domestic innovative drugs [2] - The innovative drug sector is expected to maintain its growth, driven by policy support and increasing global competitiveness. The recovery of overseas orders and performance, along with a potential domestic demand rebound by 2025, presents opportunities for the sector [2] - The quantum computing industry is at a critical turning point, transitioning from technology-driven to application-driven. The period from 2025 to 2030 is anticipated to be a golden window for commercialization, potentially reaching a market size of hundreds of billions [3] - The Ministry of Industry and Information Technology, along with other departments, launched the 2025 New Energy Vehicle (NEV) initiative, targeting underrepresented county-level cities for NEV promotion. This initiative aims to enhance the penetration rate of NEVs in lower-tier cities, which currently lags behind first and second-tier cities [4][5]

2025 年 6 月 3 日 股指期货震荡整理 黄金、白银、原油、燃料油期货将震 荡偏强 工业硅、螺纹钢、铁矿石、玻璃、纯碱期货将偏弱 震荡 天然橡胶、20 号胶期货将震荡偏弱 陶金峰 期货投资咨询从业资格号：Z0000372 邮箱：taojinfeng@gtht.com 【正文】 【声明】 本报告的观点和信息仅供风险承受能力合适的投资者参考。本报告难以设置访问权限，若给您造成不 便，敬请谅解。若您并非风险承受能力合适的投资者，请勿阅读、订阅或接收任何相关信息。本报告不构 成具体业务或产品的推介，亦不应被视为相应金融衍生品的投资建议。请您根据自身的风险承受能力自行 作出投资决定并自主承担投资风险，不应凭借本内容进行具体操作。 【期货行情前瞻要点】 通过宏观基本面分析和黄金分割线、水平线、日均线等技术面分析，预期今日期货主力合约行情走势大概率如 下： 股指期货将震荡整理：IF2506 阻力位 3833 和 3850 点，支撑位 3798 和 3775 点；IH2506 阻力位 2681 和 2689 点，支撑位 2644 和 2633 点；IC2506 阻力位 5669 和 5700 点，支撑位 5585 和 ...

据澎湃新闻，6月3日，小米创始人雷军在小米投资者大会上披露，最新推出的小米YU7售价不可能 是网传的23.59万元，正式定价要1-2天前才能确定。雷军表示，小米的汽车业务亏损正在逐步收 窄，预计将在今年第三到第四季度实现盈利。在YU7的智驾研发投入上，总预算达到35亿元，整体 投入在行业处于领先水平。雷军称五年前小米就开始投资研发机器人领域，目前汽车工厂正在试用相 关能力，小米的汽车芯片正在研发中，预计也将很快推出。此外，雷军表示，小米会长期坚持硬件利 润率控制在5%。 ...

将投中网设为"星标⭐"，第一时间收获最新推送 如果交易达成，这将成为OpenAI迄今为止规模最大的一笔收购。 作者丨王满华 来源丨 投中网 OpenAI又开始撒钱了，这次盯上了乔布斯的老搭档。 据外媒报道，OpenAI将以近65亿美元（约合人民币468.16亿元）全资收购由前苹果首席设计官艾维创立的AI硬件公司io。 io去年成立至今颇为低调，并未公开披露融资消息，不过，据接近io的知情人士透露，Emerson Collective、Sutter Hill Ventures、Thrive Capital、Maverick Capital和SV Angel，以及OpenAI初创基金，都是公司背后资方。此次交易完成之后，上 述机构也将实现退出。 其实早在今年4月，The Information就曾曝出OpenAI有意收购io，只不过当时提到的价格是"不低于5亿美元（约合人民币 36.41亿元）"。短短一个月，实际交易估值比传闻直接翻了十几倍，足见OpenAI对此次收购的重视与决心。 如果交易达成，这将成为OpenAI迄今为止规模最大的一笔收购，直接打破了5月初收购Windsurf时创下的30亿美元纪录。 65亿美 ...