对于标准化建设的价值，中商产业研究院在分析报告中表示，这将为云计算行业带来多重利好：一方 面，统一的技术标准和服务规范能够大幅提升云服务的互操作性与兼容性，企业在不同云服务商之间进 行迁移时，成本会显著降低，相关风险也能得到有效控制；另一方面，标准化建设能够推动云计算行业 从"快速扩张"向"规范发展"转型，提升行业的整体形象和信誉度，进而为云计算技术在更多领域的广泛 应用、更深层次的发展创造有利条件。比如，在传统制造业的数字化改造、政务服务的智能化升级等场 景中，标准化的云服务将更易被接受和应用。 中国信通院云计算与大数据研究所副所长栗蔚在接受上海证券报记者采访时表示，我国云计算市场基本 迈入稳定发展阶段，用户群体从互联网厂商向金融、政务、工业、医疗等传统厂商扩展，对于云服务的 需求也从基础资源向产业赋能、价值落地转变，用户更关注上云后自身的业务增长。相应地，云服务商 也需在注重自身云计算技术研发的同时，发力云计算生态建设。通过联合不同类型的云服务商、集成 商、软件服务商，形成繁荣健康的云生态圈，为客户提供一体化上云用云解决方案。 《指南》明确提出三大核心目标：到2027年，新制定云计算国家标准和行业标准30 ...

OpenAI就像是AI时代的金钱飓风。谁站上了这个风口，就能股价随即上天。奥特曼的一手好算盘，打得是噼啪做响。先后与黄仁勋和苏姿丰达成诱人合 作，没钱也能买芯片。 携手OpenAI股价就飙升 上个月，OpenAI宣布与甲骨文达成未来五年3000亿美元的云服务大单。这一重磅交易推动甲骨文股价一日飙升36%，创下三十多年来最高单日涨幅，市 值暴涨2500亿美元，一度超过9000亿美元， 随着甲骨文市值飙升，持有超过四成股份的创始人兼董事长埃里森个人资产一度突破4000亿美元，继2000年初的网络股巅峰期之后，再度短暂过了一把全 球首富的瘾。但马斯克两天后就重新夺回了首富交椅，目前个人资产更是突破5000亿美元。 但根据最新爆料，甲骨文上一个季度为OpenAI提供云服务的服务器租赁毛利率仅为16%，远远低于67%的整体毛利率。换句话说，甲骨文不惜拉低整体毛 利率和影响财报业绩，以极低的价格为OpenAI提供服务，因为这可以给公司股价带来巨大的提振。 两周前，OpenAI又与英伟达宣布达成战略合作投资协议。AI芯片巨头计划向AI模型巨头投资至多1000亿美元，以支持OpenAI构建围绕英伟达AI处理器、 耗资数千亿美 ...

硅谷观察/郑峻 OpenAI就像是AI时代的金钱飓风。谁站上了这个风口，就能股价随即上天。奥特曼的一手好算盘，打 得是噼啪做响。先后与黄仁勋和苏姿丰达成诱人合作，没钱也能买芯片。 携手OpenAI股价就飙升 随着甲骨文市值飙升，持有超过四成股份的创始人兼董事长埃里森个人资产一度突破4000亿美元，继 2000年初的网络股巅峰期之后，再度短暂过了一把全球首富的瘾。但马斯克两天后就重新夺回了首富交 椅，目前个人资产更是突破5000亿美元。 但根据最新爆料，甲骨文上一个季度为OpenAI提供云服务的服务器租赁毛利率仅为16%，远远低于67% 的整体毛利率。换句话说，甲骨文不惜拉低整体毛利率和影响财报业绩，以极低的价格为OpenAI提供 服务，因为这可以给公司股价带来巨大的提振。 两周前，OpenAI又与英伟达宣布达成战略合作投资协议。AI芯片巨头计划向AI模型巨头投资至多1000 亿美元，以支持OpenAI构建围绕英伟达AI处理器、耗资数千亿美元的数据中心集群。 上个月，OpenAI宣布与甲骨文达成未来五年3000亿美元的云服务大单。这一重磅交易推动甲骨文股价 一日飙升36%，创下三十多年来最高单日涨幅，市值暴涨2 ...

IREN Limited (IREN) shares ended the last trading session 6.8% higher at $61.68. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 120.5% gain over the past four weeks.IREN stock extended its rally for the third straight day, which might be the result of strength in its vertically integrated model, which gives it full ownership of its data centers, computing hardware (ASICs and GPUs), electrical infrastructure and fr ...

Group 1: Market Performance and Trends - KWEB (KraneShares CSI China Internet ETF) has achieved a remarkable return of 50% this year, indicating a resurgence of interest in Chinese internet stocks on Wall Street [2] - The KWEB index fell from $104 at the beginning of 2021 to $21 by the end of 2024, reflecting a nearly 80% cumulative decline due to regulatory policies, macroeconomic challenges, and strained US-China relations [2] - The Hang Seng Index surged past 27,000 points on October 2, driven primarily by overseas capital, despite the absence of southbound funds during the holiday [3] Group 2: Investment Sentiment and Institutional Interest - International investors' interest in Chinese stocks has reached its highest level in years, as indicated by multiple roadshows conducted in the US and Asia [3][4] - A hedge fund manager noted that their portfolio gains were primarily driven by investments in Chinese technology and innovative pharmaceutical sectors, as they found US stocks too expensive [7] - The capital expenditure of major Chinese cloud service providers (BAT) has significantly increased, with Alibaba and Baidu showing growth rates of 57% and 30% respectively in their capital expenditures [14] Group 3: AI and Technology Sector Developments - The AI wave in the US has finally linked to the Chinese stock market, boosting sectors such as semiconductors, hardware, and the internet, with Alibaba and Tencent seeing stock price increases of approximately 120% and 60% respectively this year [3][10] - The semiconductor leader, Cambrian, reported a staggering 43-fold increase in revenue, marking its first half-year profit, with ByteDance as its largest client [7] - Chinese data center companies, such as CenturyLink and GDS, are major beneficiaries of the increased capital expenditure in AI, with their stock prices reflecting this trend [8][16] Group 4: Future Outlook and Market Dynamics - The capital expenditure of Chinese cloud service providers is rapidly catching up to that of their US counterparts, with a reported $45 billion in the past 12 months compared to $291 billion for US firms [15] - The growth prospects for Chinese data center companies are optimistic, with CenturyLink's management expressing confidence in exceeding previous order volumes in the upcoming quarters [9] - Despite the current interest from international investors, long-term investment may still require more time to materialize, as some investors remain cautious due to recent economic performance concerns [18][19]

本文来自微信公众号： 秦朔朋友圈 （ID：qspyq2015） ，作者：Irene Zhou，原文标题：《风水轮 流转，中概股又开始在华尔街走红了》，题图来自：AI生成 中国海外互联网企业代表KWEB （KraneShares CSI China Internet ETF） 指数今年的回报率高达 50%。是的，风水轮流转， 中概股又开始在华尔街走俏。 KWEB从2021年初的104美元，跌至2024年底的21美元，累计跌幅接近80%。这是中概互联网股最惨 烈的一轮熊市，反映了"政策监管+宏观环境疲软+中美关系紧张"的三重打击，全球投资者对中概互 联网的风险偏好几乎崩塌，然而到今年，一切似乎都变了。 事实上，不仅是在美上市的中概股，外资对港股、A股的关注度明显在今年下半年回升，中国是否具 有"可投资性"已无人再谈及。 这在国庆节行情中就得以体现。假日仍正常交易的港股在10月2日大涨，恒生指数一举突破27000点 大关，科技与AI再次成为市场核心。 在南下资金因假期缺席的情况下，港股依然大涨，可见这波强势主要是由海外资金驱动。 高盛交易台的信息显示， 这波上涨是由真实买盘推动，而非空头回补。 在美中概股的表现同样 ...

Group 1 - KWEB (KraneShares CSI China Internet ETF) has achieved a remarkable return of 50% this year, indicating a resurgence of interest in Chinese internet stocks on Wall Street [1] - The KWEB index fell from $104 at the beginning of 2021 to $21 by the end of 2024, reflecting a nearly 80% cumulative decline due to regulatory policies, a weak macro environment, and strained US-China relations [2] - There has been a noticeable increase in foreign investment interest in Hong Kong and A-shares, with discussions about China's investability no longer prevalent [3][4] Group 2 - The recent surge in Hong Kong stocks, particularly the Hang Seng Index surpassing 27,000 points, is primarily driven by overseas capital, even in the absence of southbound funds during the holiday [5] - Major Chinese tech companies like Alibaba and Baidu have seen significant stock price increases, benefiting from themes such as cloud services and data centers [5][7] - Analysts from Wall Street have reported a peak in international investor interest in Chinese stocks, with many roadshows conducted in the US and Asia [6] Group 3 - The AI wave in the US has finally linked to the Chinese stock market, leading to substantial gains in the semiconductor, hardware, and internet sectors, driven by advancements in self-developed chips and increased cloud business contributions [7][12] - The capital expenditure of major Chinese cloud service providers (BAT) has surged, with Alibaba and Baidu showing significant increases in their capital spending [27][28] - The growth prospects for Chinese data center companies like CenturyLink and GDS are optimistic, with increased demand for AI-related services and infrastructure [15][17] Group 4 - The recent developments in AI and domestic chip advancements have created a favorable environment for the Chinese stock market, mirroring the bullish trends seen in the US [20][22] - The capital expenditure of Chinese cloud service providers is rapidly catching up to that of their US counterparts, with a notable increase in spending [32] - The stock prices of Chinese data center companies have nearly doubled, reflecting the exponential growth in demand for AI-driven computing and storage solutions [33] Group 5 - International investors are showing strong interest in Chinese stocks, although long-term investments may take time to materialize [39][40] - Despite concerns over economic performance, particularly in real estate and consumption, the resilience of the Chinese stock market is expected to continue [41][42] - The upcoming events, including US-China negotiations and Federal Reserve decisions, will be crucial in shaping market sentiment and investment flows into Chinese equities [41][42]

Core Viewpoint - The recent surge in Hong Kong stocks, particularly after the Federal Reserve's interest rate cut, is attributed to a combination of low valuations, AI performance explosion, and increased capital inflow, making it a prime investment opportunity [2][4][5]. Group 1: Market Dynamics - The Federal Reserve's decision to cut interest rates by 25 basis points in September has triggered a global liquidity shift, leading to increased investments in Hong Kong stocks, which are seen as undervalued and growth-oriented [4][5]. - Southbound capital inflow reached a record high of over 160 billion in September, with total annual inflow expected to exceed 1 trillion, indicating a strong demand for Hong Kong stocks, particularly in the internet and AI sectors [5][6]. Group 2: Valuation and Investment Opportunities - The Hang Seng Technology Index is currently trading at a price-to-earnings ratio that is 30% lower than its historical average, presenting a rare buying opportunity for investors [6]. - The combination of the Federal Reserve's rate cut and the realization of AI earnings has transformed Hong Kong stocks from being overlooked to highly sought after, with a significant shift in market sentiment [6][16]. Group 3: AI Sector Developments - Major internet companies are heavily investing in AI, with Alibaba restructuring its business to focus on e-commerce, cloud, and AI, and reporting triple-digit growth in AI revenue for eight consecutive quarters [10]. - Companies like Tencent and JD.com are also making substantial investments in AI infrastructure and self-developed chips, which are crucial for reducing costs and enhancing performance in AI applications [11][12][15]. Group 4: Future Outlook - The current market environment for Hong Kong stocks is characterized by a return to growth, driven by AI and significant capital inflows, suggesting a sustained upward trend in the near future [16]. - Investors are encouraged to stay informed about industry dynamics and policy changes to capitalize on the ongoing opportunities in the Hong Kong market [16][17].

说说我自己的看法： 从以上这些现象看，的确是Ai领域的风险值得重视了，此前我也说过，当前的科技不仅仅是科技的革命，也是一次能源革命，因为随着 算力的大规模扩张，电力的紧张已经成为了趋势，而这必然会导致电价大幅度上涨；还有就是相关设备所需要的稀有金属，这些金属目 前的产能处于逐步萎缩的，特别是铜和铀，这样必然会导致价格大涨，会极大的促使AI企业的成本上升。 另外，就是当前美股的牛市，大家都清楚主要是美股的7大科技股所引领，如果到时候因为能源成本大幅度上升，致使这些企业的盈利 受到影响，可能泡沫就面临被刺破的可能性。 海外对冲基金开始给Ai提示风险了，说是Ai投机狂热正接近顶峰，而且还有历史上泡沫的特征，之所以如此，主要还是能源成本飙升会 限制Ai的扩张，尤其是科技巨头盈利大概率因为资本支出折旧过于乐观而被高估，现在对冲基金所做的，就是看好大宗商品，比如说铀 和铜，以此来对冲风险。 当然，这些对冲基金的看空的原因在于两点： 一个是Ai巨头们的资本支出、盈利能力和估值方面所面临的潜在风险，尤其是能源价格会限制Ai的扩张能力，并且最终刺破泡沫； 另一个则是Ai领域超大规模云服务商将资本支出按照六至八年进行折旧，其实这 ...

人工智能芯片制造商Cerebras周五表示，公司将撤回首次公开募股(IPO)计划。而在几天前，该公司刚宣 布筹集超过10亿美元资金， 媒体报道，自从最初向纳斯达克提交上市申请以来，Cerebras逐渐将重点从销售系统转向提供云服务， 接受用户对模型的查询，而这些模型运行在其芯片之上。 资金雄厚的科技公司正迅速签署新合同，以建设更多基础设施来应对需求。周二，租赁英伟达芯片的云 服务商CoreWeave表示，已与Meta签署一份价值142亿美元的协议。上周，ChatGPT的运营商OpenAI表 示，已承诺从甲骨文(Oracle)采购价值3000亿美元的云服务。 在提交给美国证券交易委员会(SEC)的文件中，Cerebras表示，目前"不打算"进行拟议中的发行，但没有 给出原因。公司发言人周五对媒体表示，公司仍希望尽快上市。 发言人还表示，美国政府停摆并不是Cerebras做出这一决定的因素。 Cerebras在一年多前提交了IPO申请，当时正准备挑战英伟达，试图打造可运行生成式人工智能模型的 处理器。招股书显示，公司严重依赖一个客户，即总部位于阿联酋的微软支持的G42，而G42同时也是 Cerebras的投资方。 ...