周报 AI 基础设施投入加速，科技巨头引领产业趋势 互联网行业 2025-09-30 星期二 【行情回顾】 【行业要闻】 【投资建议】 尽管上周恒生科技指数环比下跌，但大型互联网公司在上周成为推动市场结 构性行情的主要力量。上周港股龙头企业二级市场表现亮眼，这是多重因素 所致。首先，阿里巴巴与英伟达近日在 2025 云栖大会上宣布开展 Physical AI 战略合作，双方将整合英伟达物理 AI 软件栈与阿里云人工智能平台 PAI，共 同推进具身智能技术在自动驾驶、工业机器人等领域的应用，向市场清晰地 展示了中国互联网巨头在 AI 领域的商业化落地能力和未来增长潜力，从而带 动了整个 AI 相关产业链和科技板块的估值重估。其次 9 月 22 日国务院新闻 办公室关于"高质量完成'十四五'规划"的发布会等活动，传递了中央稳定经 济、支持高质量发展的持续信号，为市场提供了稳定的政策预期。美股方面， 上周多位美联储官员释放偏鹰信号，降低了市场对宽松政策的预期，市场对 进一步降息的预期下降，因此利率敏感型科技股估值受到影响。展望后市， 我们认为后续市场的关键看点仍将继续围绕两大主线进行。一是 AI 技术商业 化的持续 ...

牛市来了还没上车？上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限 量发放！先到先得！ 9 月 29 日早盘，新能源产业链全线爆发，在券商板块的掩护下，上证指数翻红。截至午盘， 上证指数涨 0.13% ，报 3832.9 点；深证成指涨 1.11% ；创业板指数涨 1.77% ，重回 3200 点上方。沪深京三市半日成交额 1.29 万亿元，全市场超 3000 只个股上涨。 | 上证指数 | 深证成指 | 北证50 | | --- | --- | --- | | 3832.90 | 13355.98 | 1542.03 | | +4.80 +0.13% +146.98 +1.11% +13.06 +0.85% | | | | 科创20 | 创业板指 | 万得全A | | 1443.35 | 3207.44 | 6264.25 | | -7.47 -0.51% +55.91 +1.77% +39.35 +0.63% | | | 盘面上热点轮番活跃，新能源板块集体爆发，其中绿色甲醇概念股快速拉升，嘉泽新能 3 连 板，东华科技 2 连板；储能概念股反弹，通润装备 4 天 2 板。固态电池概 ...

Investment Rating - The industry investment rating is "Overweight," indicating that the growth level of the industry is expected to be higher than that of the CSI 300 index over the next six months [26]. Core Insights - The ASI declaration by Alibaba signifies a new direction for the AI industry, with a focus on collaboration between government and enterprises, and the acceleration of AI applications across various sectors [2][21]. - The AI industry is currently experiencing a phase of multiple resonances in policy, technology, and application, which is expected to lead to systematic implementation rather than isolated breakthroughs [21]. - Short-term developments in policy implementation and standardized evaluation systems are anticipated to drive the industry towards a more regulated and sustainable growth trajectory [21]. - In the medium to long term, the multi-dimensional upgrades of large models are expected to accelerate their penetration into sectors such as education and film, enhancing application implementation and industrialization processes [21]. Summary by Sections Market Performance Review - The social services sector index experienced a weekly decline of 5.92%, ranking 31 out of 31 in the Shenwan first-level industry performance [7]. - The performance of sub-industries showed declines, with tourism and hospitality sectors facing significant drops of 9.46% and 9.18%, respectively [7][19]. Core Insights - The ASI declaration and collaboration with NVIDIA highlight the industry's forward-looking signals, emphasizing the importance of computational power and AI agent evolution [2][21]. - The collaboration between Alibaba and NVIDIA covers various aspects of Physical AI, including data synthesis, model training, and environment simulation [2][21]. - The AI applications are transitioning from isolated pilot projects to cross-regional and cross-scenario implementations, supported by initiatives like the China-ASEAN AI cooperation [18]. Industry News Dynamics - The Ministry of Education and other departments have launched a plan to enhance the quality of high schools in rural areas, focusing on resource expansion and digital education [22]. - A joint initiative to promote electrification in buildings has been proposed, aiming to reduce carbon emissions and enhance energy efficiency [23].

行业周报 | 电力设备 抖音发布 200MWh IDC 配储招标，阿里启动 3800 亿 AI 基建计划 抖音集团发布 200MWh 大规模 IDC 配储招标，国内大型数据中心配储有望持续放量。 字节跳动发布抖音集团数据中心风光储微网合同能源管理寻源公告，拟在中国大陆寻找 具备园区风光储微网投资、建设、运维全流程能力的合作方。采购范围：200MWh 以上 大规模锂电储能，投标人需具备大陆范围内 30MWh 以上大规模锂电储能系统投资、建 设、运维项目经验。 储能行业推荐：宁德时代、亿纬锂能、阳光电源、德业股份、华宝 新能，建议关注海博思创、中创新航。 中汽新能全固态电池计划 2026 年装车一汽示范车型，刚果（金）再次延长钴出口禁令至 10 月 15 日。近日，中汽新能规划到 2026 年固态电池实现 400Wh/kg，2030 年前后将 推进富锂锰、金属锂及无负极技术。电动车板块推荐欣旺达、豪鹏科技、尚太科技，建 议关注万润新能、天际股份。PCB 板块建议关注德福科技、铜冠铜箔、普利特。固态电 池板块推荐三祥新材，建议关注当升科技、先导智能、厦钨新能、北京利尔、纳科诺尔、 英联股份、德龙激光、冠盛股份；锂电 ...

9月24日，2025阿里云栖大会上，阿里巴巴正式宣布与英伟达开展Physical AI合作。合作覆盖了Physical AI实践的各个方面，包括数据合成处理、模型训练、 环境仿真强化学习以及模型验证测试等。对比2022年这个GenAI的元年，2032年阿里云全球数据中心的能耗规模将提升10倍。 截至2025年9月25日 09:38，中证人工智能主题指数(930713)上涨0.56%，成分股德赛西威(002920)上涨7.56%，浪潮信息(000977)上涨6.31%，三七互娱 (002555)上涨4.36%，芯原股份(688521)上涨4.10%，神州泰岳(300002)上涨3.71%。AI人工智能ETF(512930)上涨0.51%，最新价报2.19元。拉长时间看，截至 2025年9月24日，AI人工智能ETF近1周累计上涨3.03%。 费率方面，AI人工智能ETF管理费率为0.15%，托管费率为0.05%，费率在可比基金中最低。 AI人工智能ETF(512930)，场外联接(平安中证人工智能主题ETF发起式联接A：023384；平安中证人工智能主题ETF发起式联接C：023385；平安中证人工智 能主题E ...

【导读】美股三大股指全线收跌，中概股大涨，阿里巴巴领涨；美联储官员密集发表讲话， 10 月降息 25 个基点概率升至 91.9% 中国基金报记者 张舟 美东时间 9 月 24 日（周三），美国三大股指集体收跌，英特尔、特斯拉等热门科技股逆市上涨。中概股多数上涨，阿里巴巴领涨。 昨夜今晨，现货黄金持续下跌，一度跌破 3720 美元 / 盎司，日内跌幅超 1% ；纽约期金一度跌破 3750 美元 / 盎司，日内跌 1.72% 。截至发稿，现货黄金价格有所回升。 美联储 10 月降息分歧加大，最新降息 25 个基点概率升至 91.9% 。 关税方面，美国正式下调对欧盟汽车关税至 15% 。 三大股指全线收跌 消息面上，据知情人士透露，英特尔可能正寻求苹果对其进行投资。此举是为了重振这家由美国政府持股的困境芯片制造商。苹果和英 特尔还探讨了如何更紧密合作。目前谈判仍处于早期阶段，不一定会达成协议。 苹果曾是英特尔的长期客户，但在过去五年转向自研处理器。市场认为，若与苹果达成交易，将进一步验证英特尔的转型努力，尽管苹 果不太可能在设备中重新使用英特尔处理器。 纳斯达克中国金龙指数收涨 2.83% 。阿里巴巴大涨 8.2 ...

宏观热点 近日，商务部等八部门联合印发《关于大力发展数字消费共创数字时代美好生活的指导意见》（以下简 称《指导意见》）。《指导意见》聚焦供需两侧协同发力，从4方面提出14项任务举措。一是丰富数字 消费领域供给。扩大数字产品消费，提升数字服务消费，创新数字内容消费，拓展数字消费渠道，以数 字消费新供给激发消费新需求。二是培育壮大数字消费经营主体。提升数字消费企业创新能力，赋能中 小企业数字化发展，支持数字消费企业发展壮大，不断增强内生动力和创新活力。三是优化数字消费支 撑体系。打造数字消费平台载体，完善快递物流配送体系，提升支付便利化水平，强化要素投入保障， 加强财政金融支持，构建高效协同的数字消费生态体系，夯实数字消费发展基础。四是营造数字消费良 好环境。开展消费促进活动，推动国际交流合作，促进规范健康发展，统筹促进与规范、国内与国际， 以更优环境推动数字消费高质量发展。 六部门联合发布建材行业稳增长方案，严禁新增水泥、玻璃产能 9月24日，工业和信息化部会同自然资源部、生态环境部、住房城乡建设部、水利部、农业农村部等六 部门近日印发《建材行业稳增长工作方案（2025—2026年）》（以下简称《工作方案》）， ...

Market News - US stock indices collectively declined, with the Dow Jones down 0.37%, Nasdaq down 0.33%, and S&P 500 down 0.28%. Notable tech stocks had mixed performances, with Intel rising over 6% due to news of seeking investment from Apple, while Tesla increased nearly 4%. Chinese concept stocks saw gains, with the Nasdaq Golden Dragon China Index up 2.83% [1] - International precious metal futures generally fell, with COMEX gold futures down 1.24% at $3768.5 per ounce and COMEX silver futures down 1.11% at $44.115 per ounce. In contrast, international oil prices surged, with WTI crude oil up 2.21% and Brent crude oil up 2.02% at $68.32 per barrel [1] Industry Insights - Alibaba announced a collaboration with Nvidia for Physical AI, focusing on data synthesis, model training, and environment simulation. Alibaba's CEO stated that achieving AGI is a certainty, with a long-term goal of developing ASI. The company is investing 380 billion yuan in AI infrastructure over three years, expecting a tenfold increase in energy consumption by 2032 compared to 2022 [2] - The Chinese government is supporting the establishment of international data service businesses in specific regions, which is expected to increase demand for AI storage. Cloud service providers are projected to raise capital expenditures by $18 billion in FY2025, boosting AI storage needs [3] - The Beidou satellite navigation and positioning service industry is projected to reach a total output value of 575.8 billion yuan by 2024, with expectations of over 400 million new Beidou-supported devices by the end of 2028 [3] - The commercial space industry in China is expected to see explosive growth, with market size projected to increase from 9.2 billion yuan in 2020 to 310 billion yuan by 2024, reflecting a compound annual growth rate exceeding 100% [4] - The first Medical Artificial Intelligence Conference (MAIC2025) will focus on AI applications in healthcare, highlighting the transformative impact of AI technologies in the medical field [5] - The Chinese government is actively promoting AI in healthcare through various initiatives, including the establishment of innovation funds and the development of high-quality data sets for AI applications [6]

Group 1 - Alibaba announced a partnership with NVIDIA to integrate NVIDIA's Physical AI software stack into Alibaba Cloud's AI platform PAI, providing comprehensive services for enterprises including data preprocessing, simulation data generation, model training evaluation, and reinforcement learning [1] - NVIDIA's Rev Lebaredian stated that Physical AI could unlock a trillion-dollar opportunity in the real economy, with Jensen Huang emphasizing its potential to transform the $50 trillion manufacturing and logistics sectors [1] - CITIC Securities noted that domestic CAE (Computer-Aided Engineering) vendors are expected to deeply engage in the Physical AI industry, leveraging their accumulated technical capabilities in various fields [1] Group 2 - Companies like Orbbec and Zhongwang Software are collaborating with NVIDIA, integrating multiple mainstream products into the NVIDIA Jetson platform and enhancing CAE capabilities [2] - Alibaba's CEO mentioned an increase in capital expenditure beyond the initial 380 billion, amidst a competitive landscape for large AI model clusters, with major players like Meta and Microsoft building extensive clusters [3] - DataPort and Runjian Co. are involved in AI applications and computing power collaborations with Alibaba, with Runjian having established a significant computing power cluster [3]

男生普通话版 下载mp3 女声普通话版 下载mp3 粤语版 下载mp3 西南方言版 下载mp3 东北话版 下载mp3 上海话版 下载mp3 今日优选 美国财长贝森特：鲍威尔本应发出100至150个基点降息的信号 FOMC今年票委古尔斯比：下次会议不愿支持降息 美国正式下调对欧盟汽车关税至15% 美国对进口医疗器械、工业机械等发起232条款调查 克里姆林宫：特朗普正试图迫使世界以更高价格购买美国的石油和天然气 通过伊拉克-土耳其管道的石油出口即将恢复 国家主席习近平：到2035年，中国全经济范围温室气体净排放量比峰值下降7%~10% 商务部会同中央网信办、财政部等8部门印发了《关于促进服务出口的若干政策措施》 商务部等8部门联合印发《关于大力发展数字消费共创数字时代美好生活的指导意见》 核聚变"国家队"将在上海新建高温超导聚变装置，命名"环流四号" 市场盘点 | 沪深300指数 | 4566.07点 | 1.02% | | --- | --- | --- | | 创业板指数 | 3185.57点 | 2.28% | | 比特币 | 113351美元 | 1.19% | | 以太坊 | 4145美元 | -1.1 ...