【 导读 】 一批绩优基金四季报披露 中国基金报记者 曹雯璟 随着基金四季报陆续披露，一些绩优基金的打法浮出水面。 去年四季度，不少绩优基金聚焦AI、有色、红利、新消费等投资方向。 多位基金经理表示， 国内的算力、模型、应用在2026年有望迎来加速发展。 廖星昊：AI产业仍是目前景气度最高的行业 1月22日，红土创新新兴产业发布2025年四季报。截至去年四季度末，该基金股票仓位为 87.85%，较去年三季度略有下降。 最新持仓显示，前三大重仓股为源杰科技、中际旭创、新易盛，持仓市值分别为7102.14万 元、7063.80万元、6769.99万元。 与去年三季度相比，源杰科技、中际旭创、新易盛、天孚通信、沪电股份获加仓，其中，源 杰科技获加仓幅度达78.33%。 东山精密、永鼎股份、长芯博创、胜宏科技、麦格米特新晋十大重仓股。 | 排名 | 证券代码 | 证券名称 | 持仓数量 | 持仓变动 | 持仓市值 | 持仓占比 | | --- | --- | --- | --- | --- | --- | --- | | 1 | 688498.SH | 源杰科技 | 11.06万股 | 4.86万股 | 7102.1 ...

今天A股的表现，用一个词概括就是：蓄势。 截至午盘，上证指数微跌0.15%，报4110.86点；深证成指跌0.17%，创业板指跌0.40%。市场交投活跃度 有所提升，半日成交额达到1.79万亿元，环比放量显著。这种指数波澜不惊但成交放量的情况，往往预 示着资金正在内部进行激烈的调仓换股。 从盘面热点来看，今日呈现出鲜明的"新旧交织"特征。一方面，商业航天、油气、AI应用等题材板块表 现活跃；另一方面，AI算力硬件、黄金股则出现明显回调。 领涨板块中，商业航天概念无疑是最靓的仔，板块内掀起涨停潮。驱动逻辑清晰且充满故事性：近期， 包括星河动力、蓝箭航天在内的五家主营运载火箭的核心商业航天企业，纷纷更新IPO进程，向"商业 航天第一股"发起集体冲刺。这标志着中国商业航天产业正从早期的技术验证和故事描绘，步入到资本 市场兑现的关键阶段。国金证券的观点颇具启发性，他们认为2026年将是行业"阿尔法元年"，投资逻辑 将向基本面业绩兑现切换。这提醒我们，对于这类高景气赛道，需要开始从纯粹的题材炒作，转向寻找 真正能受益于行业爆发的供应链企业。 油气、燃气板块的强势，则与短期事件催化直接相关。美国天然气期货价格的剧烈波动， ...

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! AI is eating the world—and the machines behind it are ravenous. Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink. Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and b ...

【文/南极土著】 今年的达沃斯，特朗普放话要拿下格陵兰，还要对周末在格陵兰参加联合军演的8个欧洲国家加征10%关税，成了全场避不开的"房间里的大象"。 特朗普在社交媒体上晒出一张电脑合成图：图中的他正在格陵兰岛插旗，身旁一块木牌赫然写着"格陵兰岛，美国领土，始于2026年"。 欧盟委员会主席冯德莱恩和法国总统马克龙都讲了话，但在真正和特朗普当面交锋前，两个人的措辞都比较克制。 直到最后，冯德莱恩才点名格陵兰问题，直说这10%的关税是个错误，美国不该这么对待盟友。她强调，欧盟和美国去年7月已经达成贸易协议，协议就是 协议，既然握了手就该守信用；欧盟和美国不只是盟友，更是朋友。至于格陵兰，丹麦的主权和领土完整不容谈判；如果美方担心的是中国和俄罗斯在北极 的存在，欧盟愿意和美国一起合作，维护北极地区的安全。 1月20日，马克龙在达沃斯论坛发表开幕致辞。 图源： 法媒 这套东西对美国并不是空喊口号，美国国防工业高度依赖欧洲提供的关键技术和服务，而这些恰恰集中在这次被特朗普点名加了关税的北欧和西欧国家手 里，从反无人机技术到情报软件都有。如果欧盟真动用出口管制，美国确实会疼。 现在欧盟心里很清楚，美国靠不住，俄罗斯又得 ...

Group 1 - Taobao and Tmall will launch a special governance initiative for AI-generated fake images in after-sales service, introducing a recognition model and a one-click feedback feature [2] - The initiative will also create a one-stop AI service center, upgrading tools such as Xiaomimi 5.0 and AI after-sales assistants, integrating user consumption behavior and preferences into various service stages [2] Group 2 - The Hugging Face community reported that the download count for Alibaba's Qianwen series models has surpassed 1 billion, with an average of 1.1 million downloads per day, making it the first open-source large model to achieve this milestone [2] - The Qianwen series has over 200,000 derivative models, solidifying its position as the leading open-source large model globally [2] Group 3 - Zhipu announced a temporary limit on the sale of its GLM Coding Plan due to a surge in user numbers and resource constraints, reducing the daily sales volume to 20% of the current level [3] - This limitation aims to alleviate issues such as throttling and slow model speeds experienced by users during peak hours [3] Group 4 - Shandong Port unveiled the first AI chip for ports in the country, named "ShanGang ZhiXin·XingYu SA5200," which features advantages such as multi-source perception integration and enhanced compression efficiency [4] - The chip is designed to operate efficiently in complex port environments and supports domestic algorithms, significantly improving overall energy efficiency [4]

With 2025’s data center CAPEX boom behind us, the AI and energy industries are now facing a multi-trillion dollar logistics threat from the east: China’s manufacturing and refining dominance. Craig Tindale – a macro trader and former manufacturing consultant for IBM and other major firms – discussed the looming threat on the most recent Blockspace Podcast. He highlights how decades of Western outsourcing have allowed China to secure a stranglehold on the global supply chain, cornering as much as 90% of gl ...

Core Insights - The current market environment in 2026 differs significantly from 2015, with the recent rise to 4100 points driven by solid industrial foundations and profit support rather than just liquidity and risk appetite [1][5][6] - Opportunities in the market are emerging from accelerated global AI capital expenditure, with Chinese companies actively participating in various segments of the AI industry chain [1][6] - The ongoing geopolitical tensions, abundant liquidity, and economic recovery are contributing to rising prices of upstream resources, creating new investment opportunities [1][6] Market Dynamics - The A-share market is transitioning from a phase primarily driven by liquidity and risk appetite to one where both profits and valuations are expected to drive growth [2][7] - Recent increases in retail investor participation have led to heightened market sentiment, necessitating regulatory measures to ensure stability [2][7] - Short-term market corrections may occur due to over-exuberance, but patience and careful stock selection are advised for investors [2][7] Sector Focus - Continued attention is recommended for sectors such as AI computing power, semiconductors, and export-oriented industries like non-ferrous metals, electric grid equipment, and engineering machinery [2][7] - In the context of inflationary pressures, sectors like innovative pharmaceuticals and non-bank financials are suggested for consideration [2][7] Thematic Investment Opportunities - AI applications and commercial aerospace are highlighted as attractive investment themes, particularly after recent adjustments that may have alleviated short-term overheating [3][8] - The commercial aerospace sector, supported by strong policy backing and macro narratives like SpaceX, is expected to see continued upward momentum [3][8] - High-risk investors are encouraged to identify quality leaders within these sectors during periods of adjustment for long-term gains [3][8]

呜鸣很忙是一家食品饮料零售商，提供品类丰富、高质价比、高频上新的产品。截至2025年三季度，鸣鸣很忙拥有19,517家门店，覆盖中国28个省份和所有 线级城市。按2024年休闲食品饮料产品GMV计，公司是中国最大的连锁零售商；按2024年食品饮料产品GMV计，公司亦是中国第四大连锁零售商。 目前，通过聆讯待招股的公司有7家，分别是大族数控、牧原食品、东鹏饮料、国恩股份、白鸽在线、卓正医疗及澜起科技。 其中，"港股GPU第一股"(06082.HK)壁仞科技上市首日涨幅高达75.82%，紧接着"AI大模型股"(00100.HK)MINIMAX上市首日股价翻倍，带动前一天上市的 智谱(02513.HK)持续走高，并掀起了港股AI应用板块小牛市。 乘着港股IPO市场这股火热东风，本周鸣鸣很忙正在招股，预计于1月28日正式挂牌港交所，高盛、华泰国际担任联席保荐人。 开年以来，11只登陆港交所的新股悉数收涨，达成"零破发"战绩。从数据来看，新股暗盘平均涨幅达67.8%，首日平均涨幅亦高达33.7%。这些来自GPU、 AI、生物医药等热门赛道的新股，不仅彻底点燃了港股市场的打新热情，更一举推动港股新股市场创下近年以来的最佳 ...

Core Viewpoint - Tesla is reviving its Dojo 3 supercomputer project, which was previously halted, indicating a significant shift in its chip strategy towards space AI computing [3][4][10]. Group 1: Dojo 3 Project Overview - Dojo 3 was initially designed as a supercomputer for machine learning training, with a focus on architecture restructuring and cost optimization [7]. - The project was paused five months ago due to a strategic decision to concentrate resources on AI5 and AI6 chips, moving away from developing custom chips [5][8]. - The revival of Dojo 3 is based on the successful progress of the AI5 chip design, with Tesla actively recruiting engineers for this initiative [5][8]. Group 2: Space AI Ambitions - The new mission for Dojo 3 includes advancing into "space artificial intelligence computing," aligning with Musk's vision of deploying AI computing centers in space [4][10]. - Musk believes that operating large-scale AI systems in orbit will be more cost-effective than on Earth within the next four to five years, leveraging solar energy and cooling technologies [11]. - This vision connects Tesla's various business interests, potentially positioning the company as a major beneficiary if successful [11]. Group 3: Challenges Ahead - Achieving the goal of space-based AI data centers faces significant challenges, including orbital debris, regulatory approvals, and international space policies [12]. - Cooling high-power computing devices in a vacuum presents practical difficulties, despite theoretical advantages [12][13]. - Constructing large AI data centers in geostationary orbit (GEO) is feasible but requires extensive infrastructure, which poses logistical and financial challenges [13][14].

文 | 每日人物社 徐晴 编辑 | Yang 运营 | 步鸟 2026年一开年，AI行业的新闻频出。做大模型的智谱和MiniMax上市了；AI应用Manus卖给了Meta，核心团队直接实现 财富自由；具身智能迎来一笔笔融资；AI硬件创业者挤满深圳的咖啡馆。在这样的繁盛中，人才被哄抢，隔三差五， 就出现一位年薪百万甚至千万的AI高级人才，被各大公司争夺。 肖玛峰是一家国内头部猎头公司的创始人——这家公司在过去的几年服务了1400多家AI企业，从大厂到创业公司，从 大模型到自动驾驶、机器人。AI的风口如何刮起来，哪家公司拿到了新融资，哪家最近被收购，哪家招人最多，哪位 人才拿到了最天价的薪酬……他们全都知道。 从AI人才的走向和企业们争夺的焦点里，我们可以看到这一年的AI赛道到底发生了什么。 以下是肖玛峰的讲述： 大厂争夺AI人才 现在的就业市场，可以说是冰火两重天。最顶级的人才，尤其是AI领域，大家手上都有很多个offer。应届毕业的博士生 薪资300万，这不是传说，是真的。 争抢AI人才的，国内分这么几类：一类是非常有钱的互联网大厂，比如字节、腾讯、阿里、华为；第二梯队是美团、 京东、小红书。大厂都有专门针对 ...