神州泰岳公告，近日，公司陆续收到50个涉诉案件的应诉通知书等文件，大唐半导体、大唐微电子不服 北京市第一中级人民法院作出的民事判决书，向北京市高级人民法院申请再审。本次案件尚处于再审立 案审查阶段，是否符合再审立案条件尚需北京市高级人民法院审查后裁定，目前暂无法预计对公司本期 或期后利润的影响。 ...

Core Insights - Amazon is in early discussions to invest up to $10 billion in OpenAI, potentially valuing the AI lab at over $500 billion [1][3] - This investment aligns with Amazon's strategy to diversify its AI initiatives, having previously invested $8 billion in Anthropic, a competitor to OpenAI [2] - OpenAI's transition to a for-profit model allows it greater flexibility to engage with investors beyond Microsoft, which holds a 27% stake [3] Investment Dynamics - The potential deal between Amazon and OpenAI reflects a trend where major hardware manufacturers and cloud providers collaborate with emerging AI companies, facilitating mutual benefits [4] - OpenAI has previously made strategic investments, including a $350 million equity investment in CoreWeave, which in turn purchased chips from Nvidia, enhancing both companies' revenue streams [5] - In October, OpenAI acquired a 10% stake in AMD and entered into a chip usage agreement with Broadcom, further solidifying its partnerships in the tech ecosystem [5]

Core Viewpoint - MetaX is perceived as expensive with a price-to-sales ratio of 50 times, but there is strong investor demand driven by China's commitment to developing national champions in the technology sector [1] Company Analysis - MetaX's valuation at 50 times price to sales indicates a high market expectation, suggesting that investors are betting on significant future growth [1] - The focus on building national champions in China's tech industry reflects a strategic governmental push, which may benefit companies like MetaX [1] Industry Context - The Chinese government's determination to support and promote domestic technology companies is creating a favorable environment for investment in firms like MetaX [1] - This trend of prioritizing national champions in technology could lead to increased competition and innovation within the sector [1]

中国智能计算芯片市场高度集中，前两大参与者占据94.4%的市场份额。预计中国企业在智能计算芯片 市场的合并份额将从2024年的约20%增长至2029年的约60%。 所得净额拟用于日后研发智能计算解决方案(包括硬件和软件平台)、智能计算解决方案的商业化(销售、 营销、技术支持)以及补充营运资金和一般公司用途。 公司开发通用图形处理器(GPGPU)芯片及基于GPGPU的智能计算解决方案，为AI提供算力支持。整合 自主研发的GPGPU硬件(包括BR106、BR110、BR166芯片)和专有的BIRENSUPA软件平台，形成智能计 算整体解决方案。其技术在大语言模型(LLMs)的预训练、后训练及推理方面性能强大、能效高。公司 采用无晶圆厂(Fabless)模式运营，委托第三方合约制造商进行芯片制造、组装、测试与封装。 公司战略性聚焦高算力需求的重点行业，截至最后实际可行日期，拥有未完成的在手订单约8.218亿元 人民币，并签订了价值约12.4亿元人民币的框架销售协议。客户群体主要是电信、AI数据中心和互联网 领域的领军企业。 壁仞科技通过港交所聆讯，中金公司（601995）、平安证券(香港)及中银国际为联席保荐人。 ...

Core Insights - Muxi Co., Ltd., known as the "second domestic GPU stock," officially listed on the Sci-Tech Innovation Board, with its stock price surging by 693% at closing, resulting in a profit of 362,600 yuan per subscription [1] - The closing price reached 829.90 yuan per share, making it the third highest-priced stock in A-shares, with a total market capitalization exceeding 330 billion yuan [1] - The company aims to raise 4.197 billion yuan for projects related to high-performance GPU research and development, including AI inference and emerging application scenarios [1] Company Overview - Muxi Co., Ltd. focuses on high-performance GPU chips with independent core technology, covering AI training, inference, and graphics rendering [2] - The performance of the Xiyun C588 chip has significantly narrowed the gap with NVIDIA's H100, positioning it as a domestic leader [2] - The company has developed the MXMACA instruction set and software stack, which is compatible with the CUDA ecosystem, facilitating low migration costs [2] Investment and Support - Xiangjiang Guotou, a significant platform for state-owned capital investment in Xiangjiang New Area, participated in Muxi's Pre-B round financing, providing crucial support during a critical phase of product development [2] - The company is in a phase of technological breakthroughs and market expansion, necessitating stable long-term funding [2] - The investment strategy focuses on deepening the closed-loop model of "industry research leading investment, investment driving招商, and ecological empowerment of enterprises" [3]

周三，沐曦股份作为"中国GPU四小龙之一"正式登陆A股科创板，发行价104.66元/股，是年内第二高发 行价新股。以开盘价700元/股计算，中一签可赚29.77万元，成为年内最赚钱的新股。 截止发稿，该股仍在持续走强，盘中最高一度拉升约755%，总市值近3400亿元，超过摩尔线程。 沐曦股份此次公开发行4010万股新股，募资规模约42亿元。公司计划将这些资金主要用于新型高性能通 用GPU及人工智能推理GPU的研发与产业化。 从过会到获得批文，沐曦股份仅用时20天，速度比此前备受关注的摩尔线程（34天）更快。在申购方 面，沐曦股份的网上发行最终中签率仅为0.03348913%，比摩尔线程的0.03635054%还低。即便如此， 仍有20349股遭网上投资者放弃认购。而网下申购倍数高达2227.6倍，较摩尔线程的1572倍更加炙手可 热。 凭借其核心团队在高性能GPU芯片领域的深厚技术积淀，迅速成为创投圈的"潜力标的"。其"AMD血 统"技术基因吸引了资本密集加持，公司此前已完成十余轮融资，股东超过120家，包括红杉中国、经纬 创投、国寿资本等知名机构。 据了解，沐曦股份致力于自主研发全栈高性能GPU芯片及计算平 ...

据悉沐曦股份，本次科创板IPO的发行价格为104.66元/股，发行股份数量为4010万股，占发行后总股本的10.02%，拟募集资金总额为41.97亿元，将用于投 资"新型高性能通用GPU研发及产业化项目""新一代人工智能推理GPU研发及产业化项目"和"面向前沿领域及新兴应用场景的高性能GPU技术研发项目"。 12月17日，头顶"国产GPU第二股""年内第二贵新股"光环，成立仅五年的沐曦股份上市首日即高开568.83%，开盘价涨到700元/股。盘中一度涨到740元/ 股，涨幅达到607.05%，市值达到2960.7亿元。因此也登上了同花顺人气排行榜Top3. 作为"国产GPU第二股"，沐曦股份延续了"国产GPU第一股"摩尔线程的高开。2025年12月5日，摩尔线程正式登陆科创板，报650元/股，其发行价为114.28 元/股，相较之下上涨468.78%。 ...

Core Viewpoint - The article highlights the successful IPO of Muxi Co., Ltd. (沐曦股份), which saw a significant opening price and a substantial increase on its debut, reflecting the strong market interest in new tech stocks, particularly in the GPU sector [1][4]. Summary by Sections IPO Performance - Muxi Co., Ltd. debuted on the A-share market on December 17, with an opening price of 700 CNY, marking an increase of 568.83% from its issue price of 104.66 CNY per share. Investors who received shares could earn at least 200,000 CNY from a single lot [1]. - The total number of shares issued was 40.1 million, raising approximately 419.69 million CNY in total funds, with a net amount of 389.93 million CNY after expenses [1]. Market Context - The article compares Muxi Co., Ltd. to other successful IPOs, such as Moore Threads, which provided significant returns to investors shortly after listing. For instance, Moore Threads allowed investors to earn over 280,000 CNY on the first day and more than 400,000 CNY by the fifth day [3]. - Muxi Co., Ltd. is positioned as a leading company in the domestic GPU market, focusing on high-performance GPU products for AI training, inference, and graphics rendering. The company is noted for its "soft and hard integration" product matrix and aims for high-end product development [4]. Industry Significance - Both Muxi Co., Ltd. and Moore Threads are seen as representatives of China's high-quality development in technology, embodying the aspirations for technological independence and innovation against international competition [4]. - The article raises concerns about potential missteps similar to those of Moore Threads, particularly regarding the use of raised funds for cash management rather than R&D, suggesting that Muxi Co., Ltd. should avoid such actions post-IPO [5].

记者丨叶映橙,见习记者林健民 编辑丨张楠 12月17日，头顶"国产GPU第二股""年内第二贵新股"光环， 成立仅五年的沐曦股份上市首日 即高开568.83%， 市值一举突破2801亿元。若按照开盘价700元/股计算， 股价报700元，总市 值达2800亿元，单签盈利近30万元。 沐曦股份网下配售高度向A类机构集中，其申购量占网下有效申购总量的85.83%，最终获配份 额达网下发行总量的98.04%，其中选择A1档限售（锁定9个月、限售比例65%）的投资者获配 2148.31万股，占网下发行总量的94.10%。94家公募基金旗下3810只产品合计获配1339.23万 股，占比过半，对应金额约14.02亿元，成为绝对主力。 头部机构中，易方达获配194.09万股（2.03亿元）居首，南方基金获配185.96万股（1.95亿 元）紧随其后，工银瑞信、富国基金分别以170.70万股（1.79亿元）和124.18万股（1.30亿 元）位列三四。 | | | 2025年上市新股 | "肉给 | 前20 | | | --- | --- | --- | --- | --- | --- | | 证券名称 | 发行价(元) | ...

沐曦股份竞价高开568%，股价报700元，总市值达2800亿元，单签盈利近30万元。 公司主要从事自主研发全栈高性能GPU芯片及计算平台，产品包括用于智算推理的曦思N系列GPU、用于训推一体和通用计算的曦云C系列GPU，以 及正在研发用于图形渲染的曦彩G系列GPU。 | | | | | A股迈入全面注册制以来,新股中签收益排行榜IOP10 | | | | --- | --- | --- | --- | --- | --- | --- | | 序号 | 证券名称 | 证券代码 | 上市首日量高价 | 首发价格 | 中一签收益 | 首发上市日 | | | | | (元/股) | (元/股) | (以500股计,元) | | | | 沐曦股份 | 688802. SH | 700 (开盘价) | 104. 66 | 297670 | 2025-12-17 | | 2 | 摩尔线程 | 688795. SH | ୧୫୫ | 114. 28 | 286860 | 2025-12-05 | | 50 | 长联科技 | 301618. SZ | 408 | 21. 12 | 193440 | 2024-09-30 | | ...