北京商报讯（记者 张茜琦）12月11日，在鸿蒙办公产业峰会上，华为正式向市场发布了其新一代商用 笔记本电脑——华为擎云HM740，标志着鸿蒙生态在PC领域的商业化应用迈出了坚实的一步。 华为擎云HM740首发搭载了基于鸿蒙6基座、专为企业用户量身打造的"鸿蒙电脑企业版"操作系统。新 一代华为擎云HM740的核心优势在于其深度智能化的办公体验。华为终端平板与PC产品线总裁朱懂东 强调，鸿蒙电脑已实现全链路自主可控，在产品、操作系统和生态方面均保持行业领先地位。 ...

Core Insights - The Indian PC market (excluding tablets) is projected to reach a record shipment of 4.9 million units in Q3 2025, marking a 13% year-on-year growth, driven by pre-festival stockpiling and stable commercial client deliveries [1] - The laptop segment is expected to account for 4 million units shipped, reflecting a 12% increase, while desktop shipments are anticipated to rise by 18% to 920,000 units [1] - In contrast, the tablet market is expected to decline by 19% year-on-year to 1.6 million units due to delays in government-led educational project tenders [1] Market Performance - The consumer market in India is projected to grow by 20% year-on-year, primarily driven by early stockpiling by manufacturers ahead of the festive season [3] - E-commerce platforms have seen strong initial sales momentum, followed by a rapid increase in offline retail demand, supported by consistent discount and cashback schemes [3] - High-end laptop shipments are expected to increase by 27% due to the availability of higher-spec models and attractive cashback policies [3] Commercial Market Dynamics - The commercial market is expected to grow by 7% year-on-year, driven by steady enterprise client upgrade plans and ongoing project deliveries [3] - Large enterprises are adhering to established replacement cycles, ensuring stable commercial demand, while small and medium enterprises remain cautious due to rising component costs [3] Tablet Market Trends - The tablet market is experiencing a significant decline, primarily due to delays in large-scale educational project deployments and continued low spending from private educational institutions [4] - However, the consumer tablet market has seen a 14% growth, driven by increased demand for affordable LTE models and stable adoption in entertainment and learning scenarios [4] Future Outlook - The Indian PC market is expected to continue its steady growth into 2026, with an overall growth rate of 2%, supported by ongoing device refresh cycles and the accelerated adoption of AI PCs in mainstream markets [1][6] - The commercial tablet market is anticipated to rebound in 2026 as previously delayed educational procurement projects are executed [7] - The growth of AI-enabled devices is expected to be one of the fastest-growing segments, with a broader range of price points and enhanced software experiences driving mainstream adoption [6] Shipment Forecasts - The total PC market in India is projected to grow from 14.1 million units in 2024 to 15.9 million units in 2025, reflecting a 12.8% growth rate [8] - The tablet market is expected to decline from 6 million units in 2024 to 4.9 million units in 2025, with a significant drop in government and educational sector shipments [8]

Economic Policy and Federal Reserve - The Federal Reserve's forecasting has been criticized for its consistent inaccuracies, particularly in predicting GDP during different presidential terms, indicating a bias in their economic models [3][5][6] - There is a belief that inflation has not yet reached its lowest point and will decrease as the productive side of the economy improves, with expectations of wage increases driven by supply-side policies [4][8] - Concerns about the U.S. bond market's performance suggest a potential economic boom, with anticipated GDP growth exceeding 3%, which could stabilize the deficit [8] Trump Savings Accounts - The introduction of Trump savings accounts aims to provide financial literacy and ownership in the economy for newborns, with an initial deposit of $1,000 and the potential for additional contributions [10][11] - The initiative has garnered support from notable figures, such as Michael Dell, who contributed $6.5 billion, highlighting a collaborative effort to enhance economic participation among young individuals [10][12] - This program is seen as a significant aspect of the broader economic policy, promoting capitalism and investment education [11][12]

科创50ETF（588000）追踪科创50指数，指数持仓电子行业69.39%，计算机行业4.88%，合计74.27%， 与当前人工智能、机器人等前沿产业的发展方向高度契合。同时涉及医疗器械、软件开发、光伏设备等 多个细分领域，硬科技含量高，看好中国硬科技长期发展前景的投资者建议持续关注。 相关ETF：科创50ETF（588000）。 （文章来源：每日经济新闻） 12月10日午后，A股三大指数跌幅收窄，深证成指率先翻红。科创50ETF（588000）午后震荡回升，微 涨0.07%。盘面上，华润微上涨8.54%，晶合集成上涨5.30%，实现六连阳；资金上，科创50ETF （588000）近期持续受到资金青睐，近三日资金净流入17.22亿元，近五日资金净流入18.47亿元。截至 发文，科创50ETF（588000）成交额达29.91亿元。 消息面上，12月9日，作为"GPU第一股"，摩尔线程官宣将发布新一代GPU架构。12月19日至20日，摩 尔线程将召开首届MUSA开发者大会，公司创始人、董事长兼CEO张建中将首次系统阐述以MUSA为核 心的全栈发展战略与未来愿景，并重磅发布新一代GPU架构。 展望后市，中信证券 ...

公司长期以来与海光信息保持良好的产业协同与合作，本次重大资产重组的终止不影响双方后续的持续 合作，中科曙光将与海光信息在系统级产品应用上建立更加紧密的合作关系。后续中科曙光仍将继续围 绕高端计算机核心业务，在超节点智算算力、科学大模型开发平台、超集群系统等前沿技术突破的基础 上，持续在智能计算、算力调度、数据中心解决方案等领域开展全栈布局，构建"芯—端—云—算"的全 产业链系统能力，在人工智能时代，进一步发挥公司在算力领域的技术积累，夯实公司的技术领先优 势。 中科曙光称，12月9日，公司召开第五届董事会第二十六次会议，审议通过了《关于公司终止重大资产 重组的议案》，同意终止海光信息通过向中科曙光全体A股换股股东发行A股股票的方式换股吸收合并 中科曙光并募集配套资金，并授权公司管理层办理本次终止相关事宜。 本次交易自启动以来，公司及相关各方积极推动本次交易的各项工作，由于本次交易规模较大、涉及相 关方较多，使得重大资产重组方案论证历时较长，目前市场环境较本次交易筹划之初发生较大变化，本 次实施重大资产重组的条件尚不成熟，为切实维护上市公司和广大投资者长期利益，经公司与交易各相 关方友好协商、认真研究和充分论证 ...

联想集团是公司的重要附属公司之一，其作为全球领先的科技企业，连续多年稳居全球PC市场榜首， 在AI普惠浪潮下不断推进混合式人工智能战略，使AI逐步成为其核心增长引擎，2025/26财年联想集团 多季度营收与净利润实现历史新高，展现出强劲的经营韧性与增长势能，公司持续看好联想集团未来发 展潜力。与此同时，联想集团在AI及科技创新领域积淀深厚，与公司"坚持科技创新引领，重点聚焦实 体经济"的战略方向高度契合，符合公司投资战略布局。因此收购事项将有利于公司长远发展并最终使 股东受益。 格隆汇12月10日丨联想控股(03396.HK)宣布，2025年11月21日至12月9日(包括首尾两日)期间，公司透过 连串收购事项在公开市场由Honorific(公司的全资附属公司)收购合共约1.15亿股联想集团(00992.HK)股 份(约占联想集团于本公告日期已发行股本的0.9285%)，总现金代价(不包括相关交易费用)约为11.25亿 港元(相当于约人民币10.23亿元)。收购事项下每股联想集团股份的平均价格(不包括相关交易费用)约为 9.7653港元(相当于约人民币8.8846元)。收购事项所支付的代价由集团现有财务资源拨付 ...

Core Insights - The US PC market experienced a 1% year-on-year decline in shipments in Q3 2025, totaling 17.7 million units, marking the second consecutive quarter of decline [1] - The consumer segment showed resilience with an 8% growth in Q3, reaching 7.6 million units, while the education and government segments faced a significant 23% drop [1][2] - Despite the overall decline, the outlook for the holiday season remains positive, with a projected 4% growth in total shipments for 2025 [1] Segment Analysis - **Consumer Segment**: - Grew by 8% year-on-year in Q3 2025, marking the strongest performance of the year [4] - Forecasted to decline in Q4 2025 due to deteriorating consumer sentiment driven by inflation and rising interest rates [4] - **Commercial Segment**: - Remained stable with a decline of just under 1% in Q3 [1] - Expected to return to growth in Q4, supported by the transition from Windows 10 to Windows 11 [3] - **Education and Government Segments**: - Experienced a 23% decline in Q3, attributed to reduced government funding and layoffs [2] - Both segments have shown a pattern of continual decline after a strong start in Q1 2025 [2] Shipment Forecasts - Total US PC shipments are projected to reach 71.662 million units in 2025, with an annual growth rate of 3.5% [5] - Breakdown of shipments by segment for 2025: - Consumer: 26.809 million units, 1.9% growth - Commercial: 31.545 million units, 7.1% growth - Government: 3.946 million units, 2.9% growth - Education: 9.362 million units, -2.4% decline [5] Vendor Performance - In Q3 2025, HP led the market with 4.326 million units shipped, holding a 24.4% market share, followed by Dell and Lenovo [7] - Apple showed significant growth with a 12.4% increase in shipments year-on-year [7] - Overall, total shipments in Q3 2025 decreased by 1% compared to Q3 2024 [7]

12月8日，A股市场全天震荡走高，计算机方向走强。截至当天收盘，中证计算机主题指数上涨1.35%； 成分股中，江波龙涨超14%，深科技、同方股份、中科曙光等个股跟涨。中证沪港深云计算产业指数上 涨2.95%；成分股中，新易盛、中际旭创等多股涨超5%。 Wind数据显示，12月8日计算机ETF（159998）、云计算ETF天弘（517390）全天成交额均为同标的第 一。 消息面上，据证券时报，近期广东、山东、陕西、河南、重庆等多地发布第十五个五年规划的建议。其 中，广东提出，深入推进数字广东建设，全面实施"人工智能+"行动。重庆提出，在纵深推进人工智能 与数字重庆双向赋能方面，规划建议提出，迭代全市统一数智底座。 此外，据上证报，近日，全球云计算领域的年度风向标AWS re:Invent 2025大会在拉斯维加斯举行。在 演讲环节，亚马逊云科技（AWS）CEO Matt Garman宣布，Amazon Bedrock模型库迎来扩容，并正式引 入来自中国的新锐AI独角兽——MiniMax（稀宇科技）最新一代文本模型MiniMax M2。 信达证券指出，计算机板块"牛市旗手"属性凸显，基本面与流动性共振。估值维度， ...

Core Viewpoint - The ongoing increase in storage prices is impacting not only smartphone manufacturers but also PC and laptop manufacturers, leading to planned price hikes of up to 20% by companies like Lenovo, Dell, and HP [1] Group 1: Price Increases - Lenovo has already begun notifying customers about upcoming price adjustments [1] - Dell and HP are also planning to raise prices, with the maximum increase expected to reach 20% [1] - All server and computer quotes will expire on January 1, 2026, after which new pricing will significantly increase [1]

声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 本文源自：市场资讯 作者：情报员 国家知识产权局信息显示，联想（新加坡）私人有限公司取得一项名为"控制信号配置波形类型"的专 利，授权公告号CN115735394B，申请日期为2021年6月。 ...