截至2025年9月16日 09:57，上证科创板人工智能指数强势上涨1.30%，成分股福昕软件上涨6.12%，奥比中光上涨5.93%，星环科技上涨4.87%，金山办公， 澜起科技等个股跟涨。科创AIETF(588790)上涨1.09%，最新价报0.83元。拉长时间看，截至2025年9月15日，科创AIETF近1周累计上涨6.06%。 流动性方面，科创AIETF盘中换手2.09%，成交1.61亿元。拉长时间看，截至9月15日，科创AIETF近1月日均成交9.46亿元，居可比基金第一。 【事件/资讯】 1、2025 年 6 月，高通推出针对高端智能眼镜的骁龙 AR1+GEN1 芯片。该芯片采用 4nm 制程，是全球首款支持端侧 AI 运行的 AR 眼镜专用处理器，推动智 能眼镜从"手机配件"向"独立智能终端"进化。 3、英伟达发布新一代Rubin CPX芯片系统，预计2026年底上市。 此款芯片专门针对AI视频生成和软件开发等大规模上下文处理任务，强化AI编码和视频处 理能力。Rubin CPX GPU提供30千万亿次浮点运算能力，支持视频解码和编码的硬件，相比英伟达GB300 NVL72系统，注意力加速3倍。 ...

Oracle财报5000亿美元合同订单指引，全球AI算力景气度再创新高 作者： 分析师 孔蓉 SAC执业证书编号：S1110521020002 分析师 李泽宇 SAC执业证书编号：S1110520110002 分析师 樊程安吉 SAC执业证书编号：S1110524080001 分析师 杨雨辰 SAC执业证书编号：S1110521110001 分析师 刘诗雨 SAC执业证书编号：S1110524120001 请务必阅读正文之后的信息披露和免责申明 1 全球AI周报 证券研究报告 2025年09月15日 海外行业报告：行业深度研究 摘要 请务必阅读正文之后的信息披露和免责申明 2 ◼ 重点公司财报AI进展： ➢ 甲骨文：剩余履约义务达到4550亿美元，26财年资本支出指引350亿美元。Oracle FY26Q1 总营收为149亿美元，同比增长12%， 略不及一致预期（150亿美元）。剩余履约义务（RPO）为4550亿美元，同比增长359%，大超一致预期（1492亿美元）。公司预 计未来几个月中，还将签署多份新的数十亿美元合同，届时剩余履约义务可能将超过5000亿美元。 ➢ Adobe：AI-influenced ...

中金此前指，随着AI大模型等技术的迅猛发展，全球算力需求呈爆发式增长，直接推动高性能服务器 市场快速扩张，带动上游PCB及CCL基板市场需求迅速提高。开源证券认为，下半年公司覆铜板价格已 率先调涨，PCB需求强劲或支撑价格刚性，下半年业绩表现有望受益；2026年高端CCL及物料产能布局 提速，AI期权有望步入兑现期，驱动估值中枢上移，实际报表贡献或在2027年集中释放。 消息面上，甲骨文日前发布了自2025年6月1日开始的FY26Q1财报，剩余履约义务等财务指标高速增 长。此外，英伟达发布新一代Rubin CPX芯片系统，强化了AI编码和视频处理能力。西南证券认为，在 生成式AI模型快速发展，应用加速落地的背景下，AI算力基础设施持续迭代，并获得有望加速建设。 建滔积层板(01888)涨超6%，截至发稿，涨6.33%，报12.1港元，成交额1.71亿港元。 ...

Group 1: Wealth and Market Movements - Larry Ellison briefly became the world's richest person with a net worth of $393 billion before closing at $383 billion, while Elon Musk's net worth is currently $384 billion [2] - Tesla's CEO Elon Musk announced that the Optimus V3 robot design is in progress, which aims to enhance hand flexibility and incorporate an AI brain, with a 40-fold performance improvement in the AI5 chip compared to AI4 [3] Group 2: Cloud and Technology Developments - Google Cloud CEO Thomas Kurian revealed that the company has $106 billion in backlog orders, with over half expected to convert to revenue in the next two years, potentially generating around $58 billion in new income [4] - Neuralink, a brain-computer interface company, reported that 12 individuals have implanted its devices, accumulating over 15,000 hours of usage [5] Group 3: Industry Changes and Initiatives - Ele.me announced the cancellation of overtime penalties for delivery riders, ensuring their income meets local minimum wage standards and implementing measures to enhance worker safety [6] - China's three major telecom operators are preparing to launch eSIM services for mobile phones, with China Telecom and China Mobile expected to follow China Unicom's lead [7][8] Group 4: E-commerce and Retail Strategies - Douyin e-commerce initiated a special governance action against counterfeit and fraudulent sales related to Labubu products, removing over 200 non-compliant merchants and 600 influencers from its platform [8] - Douyin Life Services launched a support plan for small restaurants, offering resources such as traffic incentives and product subsidies [11] Group 5: Collaborations and Innovations - OPPO and Xiaohongshu established a joint imaging innovation lab to enhance mobile imaging technology, with results expected to be integrated into OPPO's next flagship product [12] - Haon Electric announced a collaboration with NVIDIA to develop a control system for robots, although the product is still in the development phase [13] Group 6: Market Trends and Financial Movements - A report from CFM indicates that the storage market is expected to see a price increase in Q4, particularly in enterprise and mobile sectors [17] - Dongyangguang plans to invest in a joint venture for acquiring Qinhuai Data's operations in China, with a transaction value of 28 billion RMB [18] - Zhenqu Technology completed a multi-million dollar E-round financing, with funds aimed at accelerating the production of new power modules and expanding market reach [19] - Aishi Technology announced over $60 million in Series B financing led by Alibaba, with a user base exceeding 100 million [20] - Lianqi Technology's shareholders plan to reduce their holdings by up to 2% of the company's shares [21]

Group 1: Wealth and Market Movements - Larry Ellison briefly became the world's richest person with a net worth of $393 billion, surpassing Elon Musk, who had a net worth of $385 billion, before Musk reclaimed the title at $384 billion by market close [2] - Google Cloud disclosed a reserve order of $106 billion, with expectations that over half will convert to revenue in the next two years, potentially generating around $58 billion in new income [4] - Dell confirmed ongoing evaluations of its business operations globally, indicating a strategy of restructuring and optimizing operations, which may include workforce reductions [5] Group 2: Technological Developments - Elon Musk announced that Tesla's Optimus V3 robot design is underway, aiming to enhance hand flexibility and incorporate an AI brain, with a 40-fold performance improvement in the AI5 chip compared to AI4 [3] - Neuralink reported that 12 individuals have implanted its devices, accumulating over 15,000 hours of usage, indicating progress in brain-machine interface technology [5] - OPPO and Xiaohongshu established a joint imaging innovation lab to enhance mobile imaging capabilities, with results expected to be integrated into OPPO's upcoming flagship products [11] Group 3: Industry Initiatives and Regulations - Ele.me announced plans to eliminate overtime penalties for delivery riders and improve income guarantees, reflecting a shift in labor practices within the gig economy [6] - Chinese telecom operators are preparing to launch eSIM services for mobile phones, with China Telecom and China Mobile expected to follow China Unicom's lead in offering these services [7] - Douyin (TikTok) is implementing a support plan for small dining businesses, providing resources such as traffic incentives and subsidies, differentiating its approach from competitors like Meituan and Alibaba [10] Group 4: Financial Activities and Investments - Dongyangguang plans to jointly increase capital in a subsidiary for the acquisition of Qinhuai Data's China operations, with a transaction value of 28 billion RMB [16] - Zhenqu Technology announced the completion of a multi-billion E-round financing, with funds aimed at accelerating the production of new power modules and expanding market reach [17] - AI video generation company Aishi Technology secured over $60 million in Series B funding led by Alibaba, indicating strong investor interest in AI-driven content creation [18]

流动性方面，人工智能ETF盘中换手10.26%，成交6.68亿元，市场交投活跃。拉长时间看，截至9月9日，人工智能ETF近1周日均成交9.35亿元。 规模方面，人工智能ETF最新规模达63.39亿元。资金流入方面，拉长时间看，人工智能ETF近10个交易日内有6日资金净流入，合计"吸金"17.89亿元。 政策面方面，9月9日，《杭州市加快发展人工智能终端产业三年行动方案（2025-2027年）（征求意见稿）》公开向社会征求意见。《行动方案（征求意见 稿）》规划将在智能无人飞行器、智能计算终端、智能机器人、智能工业终端等在内的10个重点赛道发力。根据《方案》，到2027年，杭州市人工智能终端 产业规模力争达到3000亿元。实施人工智能终端方向重点科研计划项目100个，打造爆款终端产品30款，培育形成自主品牌20个，选树典型应用场景50个。 北京时间10日凌晨1点，苹果今年最重磅的新品发布会——主题为"前方超燃"今秋发布会拉开序幕，并发布了新款AirPods、Apple Watch和iPhone。此次新增 了纤薄款机型 iPhone Air ，被称为"史上最薄 iPhone"。 此外，当地时间9月9日，英伟达发布新 ...