中信建投证券表示，当下AI用户渗透率仍较低，大模型发展仍处于中初级阶段，产业化周期才开 始，大模型带来的算力投资方兴未艾，资本开支会随着大模型收入的增长而增长，投资的天花板可以很 高。AI算力是板块性大行情，可以关注相关布局机会。 今日，大盘震荡调整，算力板块领跌，通信ETF（515880）跌超7%，成交额超20亿元。 资金逢低买入，近5日吸金超40亿元，当前规模超120亿元位居同类首位。 每日经济新闻 （责任编辑：张晓波 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 通信ETF（515880）光模块占比近50%，"光模块+服务器+光纤+铜连接"占比超75%，一键布局算 力核心引擎，感兴趣的投资者可以关注相关布局机会。 没有股票账户的投资者可以关注通信ETF联接基金（联接 A：007817；联接 C：007818）。 注：市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及个股仅供参考， ...

Policy Engine Server, Application Management, and Analytics Platforms Added to DISA Approved Products ListPLANO, Texas, Aug. 28, 2025 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global leader in real-time communications technology and IP optical networking solutions, today announced the expansion of its portfolio of Joint Interoperability Test Command (JITC)-certified solutions. The Ribbon Policy Engine Server (PSX), Ribbon Application Management Platform (RAMP), and Ribbon Analytics have b ...

Zoom Communications Inc. ZM reported better-than-expected second-quarter financial results and raised its FY26 guidance above estimates on Thursday.Zoom reported second-quarter revenue of $1.22 billion, beating the consensus estimate of $1.20 billion. The communications company reported second-quarter adjusted earnings of $1.53 per share, beating analyst estimates of $1.37 per share, according to Benzinga Pro."AI is transforming the way we work together, and Zoom is at the forefront, driving innovation that ...

行情回顾及主要观点： 上周（2025年8月11日-2025年8月15日）A股市场整体大涨：上证综指涨1.7%，深证成指涨4.6%，创业 板50指数涨9.9%。交易面，A股市场上周日均成交额超过2.1万亿元，市场放量大涨，情绪面持续抬 升。 行业方面，上周A股市场申万31个一级行业有22个行业收涨。受光模块、PCB、液冷等细分板块带动， 通信板块涨幅居前，高弹性的电子板块紧随其后。跌幅较大的行业主要是银行、钢铁、煤炭等传统红利 板块。 近期市场热点频出，机器人产业加速迈向规模化发展，北京经济技术开发区提出到2027年形成万台级具 身智能机器人量产能力，推动技术创新与产业链协同突破。人工智能领域持续升温，GPT-5等前沿大模 型密集发布叠加算力硬件需求激增，光模块、液冷技术等关键环节迎来高景气周期，国内头部企业加速 高端产品布局，推动算力基础设施升级。半导体产业热度不减，国产芯片在政策扶持与产能扩张下迎来 发展机遇，特种气体等上游材料供给波动催化行业关注。AI是驱动本轮技术革命的关键力量，围绕算 力、模型和应用扩散出的投资机会，辐射A股多个行业主题，成为驱动创业板50指数此轮上行的重要力 量。 创业板为主要"三创 ...

8月19日上午，AI算力产业链再度领涨市场，光模块CPO、光通信等概念活跃，聚焦算力龙头的5G 通信ETF（515050）盘中涨超2%，截至11点18，该ETF盘中成交额已超2亿元，持仓股天孚通信涨超 11%，崇达技术、太辰光、工业富联等纷纷领涨。 相关ETF全称：华夏中证5G通信主题ETF（515050），场外联接（A类：008086；C类： 008087）。 每日经济新闻 （责任编辑：张晓波 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 消息面上，上海市三部门发布《上海市加快推动"AI+制造"发展的实施方案》。其中提出，实施"模 塑申城·AI+制造"行动，推动人工智能技术与制造业深度融合，加快赋能新型工业化，形成新质生产 力。通过三年时间努力，本市制造业智能化发展水平进一步提升，在语料、模型、平台、场景等领域形 成一批创新成果。 海内外AI建设提速，算力需求高增。光模块、PCB、服务器是AI算力 ...

Core Viewpoint - The A-share market has shown strong performance, with the Shanghai Composite Index reaching a ten-year high, supported by both capital inflow and fundamental performance [2][3][4]. Market Performance - On August 18, the Shanghai Composite Index rose by 0.85%, closing at 3728 points, marking the highest level since August 20, 2015. The total market capitalization of A-shares surpassed 100 trillion yuan [2]. - Since the end of June, the A-share market has been on an upward trend, with daily trading volumes exceeding 2.8 trillion yuan. Small-cap and growth styles have outperformed, with notable increases in indices such as the ChiNext Index and the CSI 2000 [2][3]. Capital and Fundamental Support - The recent market performance is driven by capital inflow and earnings support, with a significant increase in trading volume and margin financing balances. The macroeconomic environment remains stable, with expectations of interest rate cuts from the Federal Reserve and ongoing supportive policies in China [3]. - The current earnings season is crucial, with a focus on industries showing strong fundamentals [3]. Valuation Analysis - The overall valuation of A-shares is considered reasonable, with the CSI 300's dynamic price-to-earnings ratio around 12.2 times, indicating it is not overvalued compared to historical levels. The market capitalization to GDP ratio remains relatively low among major global markets [4]. - The market's total capitalization to M2 ratio is approximately 33%, which is at the 60% historical percentile, suggesting a balanced valuation [4]. Investment Recommendations - Focus on sectors with high growth potential and earnings validation, such as AI/computing, innovative pharmaceuticals, military industry, and non-ferrous metals [5]. - Consider industries benefiting from increased retail participation, such as brokerage and insurance, as well as sectors aligned with government policies like photovoltaic energy [5].

Achieves tenfold bandwidth increase, streamlined deployment, and increased network visibility PLANO, Texas, Aug. 18, 2025 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global leader in real-time communications technology and IP optical networking solutions, today announced that Vibrant Broadband, part of Meeker Energy, one of the Midwest's first electric cooperatives and a pioneer in rural broadband innovation, has selected its technology for a transformative new middle mile network solution. ...

Group 1 - The 6G Communication Innovation Valley in Songjiang is rapidly developing, showcasing cutting-edge innovations and attracting significant interest from industry players, with over 500 attendees and more than 20 cooperation intentions reached at the MWC 2025 [1] - The "Six Polar Star Communication" incubator in the future industrial park emphasizes the unique advantages of Songjiang as the only dual-core industry for "6G + Satellite Internet" in China, focusing on AI as a key growth driver for 6G applications [2][4] - The ecosystem in Songjiang combines a solid industrial foundation with support for rapid technology iteration and testing, facilitating a seamless transition from research to market [3] Group 2 - The 6G Communication Innovation Valley provides comprehensive lifecycle services for startups, enabling smooth transitions from technology to product, supported by leading companies in the industry [4] - The incubator is committed to creating a collaborative innovation platform that integrates research, validation, and application, with 29 incubated companies forming a technology innovation cluster [4] - Songjiang is strategically focusing on key areas such as 5G collaboration and ultra-low power modules, aiming to build a closed-loop system that connects space, supply chains, enterprises, and funds [5]

Company Overview - Viasat is a global communications and defense technology company operating in two segments: Communication Services and Defense and Advanced Technologies (DAT) [1] - The Communications Services segment includes fixed broadband, government, maritime, and inflight communications, while the DAT segment focuses on defense-technology platforms for information security, cyber defense, and tactical networking [1] Activist Involvement - Carronade Capital Management LP, an activist investment firm, owns 2.60% of Viasat and has called for the separation of the DAT business through a spin-off or IPO [2][3] Financial Performance - Viasat's revenue breakdown shows Communications contributing 73% of revenue and 80% of EBITDA, while DAT accounts for 27% of revenue and 20% of EBITDA [4] - The Communications segment is experiencing a decline in broadband revenue, down over 27% year over year, but other areas like Government and Inflight Communications (IFC) are growing at approximately 25% and 22% respectively [5] - Viasat's share price has significantly underperformed, down 21.12%, 51.56%, and 57.98% over the past 1, 3, and 5 years [4] Market Perception and Misunderstanding - Carronade argues that Viasat is misunderstood by the market, perceived as a small-cap legacy satellite company overshadowed by competitors like Starlink [5] - The DAT business is highlighted as a hidden gem with best-in-class EBITDA margins of 28% and significant growth potential in next-generation defense technologies [6][7] Valuation Analysis - Carronade estimates the DAT business could be valued between $6.3 billion to $16.2 billion based on a 20-times to 51-times EBITDA multiple, while the entire company has an enterprise value of approximately $8 billion [8] - The Communications segment is valued at $4.9 billion, with an additional $1 billion from a legal settlement, leading to a total valuation range for Viasat of $48.93 to $112.49 per share, representing a potential return of 76% to 304% [8] Strategic Direction - Carronade's proposal to spin-off or IPO the DAT business aims to unlock intrinsic value and mitigate negative market sentiment surrounding the satellite business [8] - Viasat management has indicated consideration of selling parts of the DAT business, suggesting alignment with Carronade's value proposition [9]

NEWARK, N.Y., Aug. 07, 2025 (GLOBE NEWSWIRE) -- Ultralife Corporation (NASDAQ: ULBI) reported operating results for the second quarter ended June 30, 2025 with the following results: "The second quarter was a challenging period for Ultralife. While the addition of Electrochem lifted revenue, Battery & Energy Products organic sales were essentially flat and Communications Systems sales declined due to delayed purchase orders. We also faced headwinds from tariffs, unfavorable product mix shifts across our bus ...