点评：英伟达在AI推理市场的份额约为70%，主要依赖H100、H200等通用GPU。高通推出AI200、 AI250，是其在AI领域的"战略转型"——从"移动端"向"数据中心端"延伸，通过"专用推理芯片"切入市 场。这一举措将加剧数据中心AI芯片市场的竞争，推动"推理专业化"趋势，削弱英伟达的"推理垄断"地 位。 NO.3IDC：上半年中国MaaS市场规模同比增长421.2% 点评：期待小度AI眼镜Pro能够在未来的市场竞争中不断成长和完善，为用户带来更多惊喜，也为智能 穿戴设备的发展开辟新的道路。另一方面，随着技术的不断进步，消费者对于智能穿戴设备的期望也在 不断提高，小度AI眼镜Pro需要不断更新和升级，以满足用户日益多样化的需求。 NO.2高通推出人工智能芯片 近日，高通推出人工智能芯片，与AMD和英伟达展开竞争。高通AI200和AI250预计分别于2026年和 2027年投入商业使用。 丨 2025年10月29日星期三丨 NO.1小度AI眼镜将开启预售 百度的"小度AI眼镜"将于11月1日开启预售，11月10日现货发售，此次发售产品为小度AI眼镜Pro，与去 年发布的概念版有所调整，产品功能包括AI翻 ...

Group 1 - Baidu's "XiaoDu AI Glasses" will start pre-sale on November 1, with official release on November 10, featuring functions like AI translation, AI object recognition, AI reminders, and AI recording [1] - The initial release will include the Boston sunglasses model, with other styles to follow [1] - The product aims to meet the growing consumer expectations for smart wearable devices, necessitating continuous updates and upgrades [1] Group 2 - Qualcomm has launched AI chips, the AI200 and AI250, expected to be commercially available in 2026 and 2027, respectively [2] - This move represents Qualcomm's strategic shift from mobile to data center markets, intensifying competition in the AI chip sector [2] - Nvidia currently holds about 70% of the AI inference market, and Qualcomm's entry may challenge Nvidia's dominance [2] Group 3 - IDC reported that China's MaaS market experienced explosive growth in the first half of 2025, reaching 1.29 billion RMB, a year-on-year increase of 421.2% [3] - The AI large model solutions market also saw significant growth, with a market size of 3.07 billion RMB, up 122.1% year-on-year [3] - The rapid growth is attributed to continuous breakthroughs in AI technology, making it easier for businesses to adopt AI solutions [3]

Core Insights - Qualcomm has launched AI200 and AI250 chips, aiming to compete directly with Nvidia in the data center AI chip market [2][3] - Following the announcement, Qualcomm's stock surged over 20% intraday, closing with an approximately 11% increase [2] - The AI200 chip, set to launch in 2026, supports up to 768GB of LPDDR memory, significantly surpassing Nvidia's latest GPU, which has 288GB of HBM3e memory [2][3] Product Details - The AI200 chip focuses on AI inference rather than model training, while the AI250, expected in 2027, will introduce a new near-memory computing architecture that claims over 10x effective memory bandwidth improvement and reduced power consumption [3] - Both chips utilize direct liquid cooling and support vertical expansion via PCIe and horizontal expansion through Ethernet, with a power consumption of 160 kW per rack [3] Strategic Shift - This launch marks a significant strategic shift for Qualcomm, which has primarily focused on wireless connectivity and mobile device semiconductors, now entering the data center AI chip market [3] - Qualcomm plans to adopt a similar product release cadence as Nvidia and AMD, introducing a new compute chip annually [3] Financial Context - Qualcomm's revenue is primarily derived from its semiconductor business (QCT) and technology licensing (QTL), with QCT revenue reaching $8.993 billion in Q3 2025, an 11% year-over-year increase [4] - The mobile chip segment generated $6.328 billion, a 7% increase, while automotive and IoT chip segments experienced double-digit growth, indicating potential for AI chips to become a new revenue growth driver [5] Competitive Landscape - Nvidia currently dominates the AI chip market, but companies like Qualcomm, OpenAI, Google, and Amazon are developing their own chips to reduce reliance on Nvidia, indicating increased competition in the sector [5]

新 3 it 主管主办 上海診券泵 (O)中国证券网 www.cnstock.com 【企业资讯】 【市场回顾】 北京时间10月28日早盘，国际黄金、白银市场稍有回暖。伦敦现货重新站上4000美元/盎司关口；伦敦现货白重返47美元/盎司上方。 隔夜，国际金银价格暴跌，伦敦现货黄金一度下逼至3970美元/盎司；伦敦现货白银离跌破46美元/盎司仅一步之遥。 北京时间10月28日，日本股市低开。日经225指数小幅下跌0.31%。 美股三大指数周一齐创新高。截至收盘，道指涨0.71%，报47544.59点；纳指1.86%，报23637.46点；标普500指数涨1.23%，报6875.16点。 隔夜，中国资产"爆发"。纳斯达克中国金龙指数收涨1.59%，热门中概股集体上涨。 2025 10/2 市场回顾 黄金重回4000美元/盎司 美股三大指数周一齐创新高，中国资产 "爆发" 企业资讯 苹果总市值逼近4万亿美元 国际宏观 CME"美联储观察"：10月降息25个基 点概率为97.3% 当地时间周一，高通涨超11%，创2024年7月以来新高。消息面上，公司高通推出人工智能芯片，高通AI200和AI250预计分别于2026年 ...

Group 1 - Argentina's stock market and currency experienced a significant surge following the midterm election victory of President Milei's coalition, with the main stock index rising over 20% and the Argentine peso appreciating more than 10% against the US dollar [1][7][8] - The election results alleviated uncertainties regarding policy continuity in Argentina, allowing Milei to continue implementing his economic reform strategy known as "shock therapy" [7][8] - The US stock market also saw a collective rise, with major indices reaching all-time highs, driven by strong performances in the semiconductor sector, particularly Qualcomm, which surged over 21% [1][3][4] Group 2 - The Federal Reserve's anticipated interest rate cuts contributed to the bullish sentiment in the US stock market, with a 96.7% probability of a 25 basis point cut in October [4][5] - Coatue Management, a hedge fund managing $54 billion, expressed confidence in AI investments, suggesting that the long-term fundamentals of AI remain strong, supporting their investment thesis [4][5] - The potential for an "AI boom" scenario, where AI enhances productivity and GDP while controlling inflation, is seen as having a two-thirds probability [4][5]

记者丨刘雪莹 叶静 唐婧 编辑丨吴桂兴 北京时间10月27日，美股三大指数开盘全线上涨，均再创历史新高，截至22:49，纳斯达克指数涨近 1.5%，道琼斯、标普500指数均涨超0.5%。 | 道琼斯 | 纳斯达克 | 标普500 | | --- | --- | --- | | 47455.47 | 23550.83 | 6853.08 | | +248.35 +0.53% +345.96 +1.49% +61.39 +0.90% | | | | 中国金龙 | 纳指100期货 | 标普500期货 | | 8527.94 | 25877.25 | 6886.25 | | +166.04 +1.99% | +368.00 +1.44% | +59.25 +0.87% | 科技股领涨，高通涨一度涨超20%，创2019年以来最大日内涨幅。消息面上，据智通财经报道，高通推 出人工智能芯片，在数据中心市场与英伟达展开竞争。高通AI200和AI250预计分别于2026年和2027年 投入商业使用。 此外，英特尔股价涨幅扩大至超5%，总市值超1900亿美元；英伟达、谷歌涨超2%，亚马逊涨近2%，微 软涨1.5%。 中国资产爆发 ...

记者丨刘雪莹 叶静 唐婧 编辑丨吴桂兴 北京时间10月27日，美股三大指数开盘全线上涨，均再创历史新高，截至22:49，纳斯达克指数涨近1.5%，道琼斯、标普500指数均涨超 0.5%。 | 道琼斯 | 纳斯达克 | 标普500 | | --- | --- | --- | | 47455.47 | 23550.83 | 6853.08 | | +248.35 +0.53% +345.96 +1.49% +61.39 +0.90% | | | | 中国金龙 | 纳指100期货 | 标普500期货 | | 8527.94 | 25877.25 | 6886.25 | | +166.04 +1.99% +368.00 +1.44% | | +59.25 +0.87% | 科技股领涨， 高通涨一度涨超20%， 创2019年以来最大日内涨幅。 消息面上，据财联社报道，高通推出人工智能芯片，在数据中心市场与英 伟达展开竞争。高通AI200和AI250预计分别于2026年和2027年投入商业使用。 此外，英特尔股价涨幅扩大至超5%，总市值超1900亿美元；英伟达、谷歌涨超2%，亚马逊涨近2%，微软涨1.5%。 中国资产爆发 ...

Core Insights - Qualcomm's stock price experienced a significant short-term surge, with an intraday increase exceeding 20%, marking the largest intraday gain since 2019 [1] Company Developments - Qualcomm has launched artificial intelligence chips, entering into competition with Nvidia in the data center market [1] - The AI200 and AI250 chips are expected to be commercially available in 2026 and 2027, respectively [1]

消息上，高通推出人工智能芯片，在数据中心市场与英伟达展开竞争。高通AI200和AI250预计分别于 2026年和2027年投入商业使用。 来源：格隆汇APP 格隆汇10月27日｜高通股价短线持续拉升，日内涨幅一度扩大至超20%，创2019年以来最大日内涨幅。 ...

| | | | ■ 高通 分时 多日 日K 周K 月K 季K 年K 1分 3分 5分 10分 15分 30分 1小时 2小时 1天:1分K v | | | 品、◎ ○、 ◎ > VS FID T | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 母 6 C > 男 母 G | | 180.089 | | | | | | | 6.60% | | 179.500 | | | | | | | 6,25% | | 178.911 | | | | | | | 5:90% | | 178.323 | | | | | | | 5,55% | | 177.784 | | | | | | | 5.21% | | 177.145 | | | | | | | 4.86% | | 176.557 | | | | | | | 4.51% | | 175.968 | | | | | | | 4.16% | | 175.380 | | | | | | | 3.81% | | 174.791 | | | | | | | 3.46% | | 174.20 ...