● 本👷(ben)报⛷(bao)记🐊(ji)者🛐(zhe) 刘🥛(liu)英🤟(ying)杰🌿(jie) 　　2月🔓(yue)6日💞(ri)以🍇(yi)来⬆(lai)，A股😳(gu)英😅(ying)伟🌞(wei)达⛏(da)产🏮(chan)业🔗(ye)链💼(lian)个🉑(ge)股🕧(gu)呈🎮(cheng)持🍄(chi)续🎸(xu)上🗺(shang)涨🕐(zhang)态🚄(tai)势🏾(shi)
Wind数🌓(shu)据🍢(ju)显🌿(xian)示🕤(shi)，截🆙(jie)至🧚(zhi)6月🤐(yue)14日👭(ri)，Wind英📇(ying)伟📟(wei)达🏖(da)产🍎(chan)业🚖(ye)链🔇(lian)指📺(zhi)数🔩(shu)大🎂(da)涨🗨(zhang)34.61%，近🐱(jin)4个⏳(ge)交👻(jiao)易🐃(yi)日🧔(ri)内🔂(nei)指🚃(zhi)数🌽(shu)上😜(shang)涨🚶(zhang)5.35%。 　　分🙉(fen)析🌚(xi)人🤦(ren)士🕥(shi)认📥(ren)为🔋(wei)，英🛌(ying)伟❕(wei)达💧(da)积🐜(ji)极⏳(ji)的✳(de)市🌃(shi)场🏕(chang)信🤛(xin)号🧜(hao)，为🖊(wei)A股🐲(gu)英🆗(ying)伟🙁(wei)达🗨(da)产🖨(chan)业⛽(ye)链🆔(lian)以🥙(yi)及🥇(ji)AI、算🚞(suan)力⛹(li)等🗄(deng)细🏜(xi)分🧓(fen)领🚁(ling)域😷(yu)带🛤(dai)来🎲(lai)了❓(le)正🦁(zheng)面💈(mian)影🔓(ying)响🎸(xiang)，AI正🌍(zheng)由🎚(you)海🌒(hai)外⭐(wai)的💴(de)创🐔(chuang)新🍂(xin)热🎀(re)潮🌽(chao)与🥅(yu)资🍶(zi)本🖍(ben)开🕢(kai)支🗄(zhi)逐✨(zhu)渐🖨(jian)转💔(zhuan)化🚔(hua)为🏰(wei)产🤴(chan)业📂(ye)链🗿(lian)核📚(he)心🅾(xin)上🙏(shang)市🛬(shi)公✡(gong)司✏(si)的🔹(de)业🌳(ye)绩🏺(ji)。 　　产🏪(chan)业📼(ye)链🔣(lian)多😊(duo)只🔫(zhi)个📨(ge)股🎹(gu)创🛷(chuang)新👒(xin)高📿(gao) 　　英🛳(ying)伟💖(wei)达🐉(da)产😼(chan)业😧(ye)链🌬(lian)指🙅(zhi)数⚾(shu)成🔓(cheng)份🔧(fen)股🕥(gu)中🛑(zhong)，以🍐(yi)中💇(zhong)际😶(ji)旭🈶(xu)创🥢(chuang)、新🏉(xin)易🕕(yi)盛🌘(sheng)、沪🕤(hu)电🐊(dian)股🗜(gu)份🤥(fen)、胜🤺(sheng)宏💑(hong)科👬(ke)技🏹(ji)为🍰(wei)首🐲(shou)的💆(de)多😤(duo)只🍡(zhi)个🦈(ge)股🌬(gu)股🏩(gu)价😙(jia)创🍡(chuang)下🛳(xia)历🖕(li)史💘(shi)新🌩(xin)高🧕(gao)。今❇(jin)年🧙(nian)1月🍯(yue)31日🛵(ri)以🛋(yi)来😏(lai)，Wind数🏑(shu)据🍲(ju)显🚯(xian)示💎(shi)，新🍛(xin)易🦍(yi)盛🏋(sheng)累✖(lei)计🏎(ji)涨🕔(zhang)幅🍙(fu)达😕(da)155.90%，胜🏑(sheng)宏🥪(hong)科⏯(ke)技🐓(ji)涨⛅(zhang)幅🎏(fu)达🚽(da)115.39%，中🐩(zhong)际🛢(ji)旭🕕(xu)创🛩(chuang)涨🦒(zhang)幅📰(fu)为😽(wei)90.71%，沪❌(hu)电🚙(dian)股🖇(gu)份🚫(fen)涨🔮(zhang)幅🉑(fu)为🎺(wei)89.95%。 　　在📀(zai)英🗳(ying)伟🎮(wei)达🚞(da)市🚟(shi)值🍢(zhi)不🚜(bu)断🍍(duan)飙➖(biao)升🌠(sheng)的👶(de)背🔽(bei)后🤚(hou)，是🍺(shi)AI行😶(xing)业📽(ye)对🏔(dui)算🔉(suan)力💰(li)需🍗(xu)求👪(qiu)的🌏(de)激👑(ji)增🛷(zeng)。从🐌(cong)A股🎱(gu)英📏(ying)伟💇(wei)达🛡(da)产🚢(chan)业🤵(ye)链🥞(lian)来🔇(lai)看🍜(kan)，具🏖(ju)体🌂(ti)可📠(ke)分📊(fen)为🕓(wei)5个🦊(ge)细🧐(xi)分♟(fen)板🚢(ban)块🌂(kuai)：GPU、PCB产🏘(chan)业🔠(ye)链🕋(lian)、存🐗(cun)储👮(chu)芯👏(xin)片🤣(pian)、服👱(fu)务🕣(wu)器🐰(qi)散🤫(san)热♒(re)、光🛶(guang)芯🥣(xin)片🔞(pian)/光🚮(guang)模🚏(mo)块♊(kuai)，不🤞(bu)少🤯(shao)相🦈(xiang)关🛑(guan)上🐒(shang)市📷(shi)公🦅(gong)司🔬(si)业🎻(ye)绩✒(ji)今😘(jin)年🏮(nian)也💑(ye)出😴(chu)现🌭(xian)爆🍶(bao)发👶(fa)。 　　2024年💎(nian)一🛸(yi)季💏(ji)度😃(du)业🛡(ye)绩🆙(ji)报🗒(bao)告🚞(gao)显🤘(xian)示🚡(shi)，胜🥫(sheng)宏🌸(hong)科😊(ke)技👪(ji)实🈲(shi)现🎄(xian)营😶(ying)业😍(ye)收🔨(shou)入🎞(ru)23.92亿📳(yi)元🤝(yuan)，同🚇(tong)比🥏(bi)增🚢(zeng)长🚟(chang)36.06%；净😐(jing)利🎲(li)润🥏(run)为✋(wei)2.1亿🖍(yi)元😯(yuan)，同🔸(tong)比👫(bi)增🧒(zeng)长🎆(chang)67.72%。中🃏(zhong)际🏮(ji)旭👡(xu)创🐿(chuang)第🎢(di)一👄(yi)季😣(ji)度🌗(du)实🛃(shi)现👇(xian)营⛄(ying)业😫(ye)总🚺(zong)收👭(shou)入🛰(ru)48.43亿🏇(yi)元👗(yuan)，同🧤(tong)比🌸(bi)增🤧(zeng)长🏗(chang)163.59%；净🐶(jing)利🌝(li)润🖇(run)为🧝(wei)10.09亿🐎(yi)元🤷(yuan)，同⛅(tong)比🎢(bi)增💦(zeng)长🚛(chang)303.84%。沪🛌(hu)电👫(dian)股🐄(gu)份😏(fen)第🗣(di)一🏣(yi)季⏯(ji)度🍊(du)实😐(shi)现😄(xian)营🤸(ying)业🛡(ye)总🏂(zong)收🎴(shou)入😙(ru)25.84亿📕(yi)元🐹(yuan)，同📉(tong)比⬜(bi)增🎁(zeng)长🧓(chang)38.34%，净💨(jing)利🍛(li)润🚐(run)为🛴(wei)5.15亿⛳(yi)元🈵(yuan)，同🌈(tong)比🧘(bi)增🤺(zeng)长💕(chang)157.03%。 　　IDC预🍙(yu)计🔶(ji)，到🦏(dao)2027年🚉(nian)，全🕓(quan)球🚛(qiu)在🐃(zai)人🎯(ren)工🥣(gong)智✔(zhi)能⤵(neng)领⤵(ling)域🐹(yu)的🕖(de)总⏭(zong)投💹(tou)资🐶(zi)规🚢(gui)模🐆(mo)将👶(jiang)达🥞(da)到🐍(dao)4236亿🔼(yi)美🔇(mei)元♏(yuan)，2022-2027年👏(nian)间🔍(jian)的✉(de)复🌅(fu)合🀄(he)年🈸(nian)增👫(zeng)长🛁(chang)率🐃(lv)（CAGR）为🐅(wei)26.9%。到🚗(dao)2027年🍈(nian)，中🍏(zhong)国🥧(guo)在📧(zai)AI领🚩(ling)域🚼(yu)的🧛(de)投🆖(tou)资🃏(zi)规🔒(gui)模🆘(mo)将👝(jiang)达🛍(da)到🐧(dao)381亿🏘(yi)美🧣(mei)元🍤(yuan)，占🤛(zhan)据👺(ju)全⛓(quan)球🆖(qiu)总👊(zong)投🖼(tou)资⭐(zi)的🥇(de)近🍬(jin)9%。 　　国🔎(guo)盛📇(sheng)证♏(zheng)券😯(quan)通🌲(tong)信🐘(xin)行🆙(xing)业🎛(ye)首😽(shou)席⛪(xi)分👱(fen)析🏗(xi)师🕢(shi)宋🌗(song)嘉👫(jia)吉😾(ji)表💩(biao)示⛽(shi)，AI正🏸(zheng)加💊(jia)速🚽(su)由💩(you)行🕶(xing)业🀄(ye)景🕢(jing)气🐂(qi)度🚏(du)到〽(dao)报🌕(bao)表👹(biao)的🏵(de)转🕢(zhuan)化🕸(hua)进💧(jin)程🦔(cheng)，光💮(guang)模🔻(mo)块🍑(kuai)龙🧛(long)头🚥(tou)业🍢(ye)绩🔩(ji)加😸(jia)速🙍(su)释🕠(shi)放💒(fang)，同🐐(tong)时🦎(shi)算🍁(suan)力🃏(li)其🖋(qi)他💱(ta)环😳(huan)节🍴(jie)如🔎(ru)PCB、散🌪(san)热🐝(re)、服💰(fu)务👟(wu)器🏮(qi)等🤐(deng)都🛏(dou)逐🎷(zhu)一📃(yi)迎🚂(ying)来📘(lai)业🐒(ye)绩🌯(ji)加🛰(jia)速🕔(su)，AI正🐍(zheng)由👐(you)海🔚(hai)外⏲(wai)的😤(de)创🈺(chuang)新🍜(xin)热🏋(re)潮🚃(chao)与🥓(yu)资❌(zi)本🍑(ben)开🕝(kai)支🚠(zhi)逐🕴(zhu)渐🔸(jian)转👯(zhuan)化🎦(hua)为🥍(wei)产🌟(chan)业🙊(ye)链⏯(lian)核💖(he)心🈶(xin)上⛰(shang)市🔣(shi)公🧥(gong)司🖤(si)的🐴(de)业🛥(ye)绩🤖(ji) 　　tou 🧓(tou)zi 🈳(zi)ji 🏷(ji)hui 🧘(hui)jian 🥡(jian)xian ⛱(xian) 　　cong 💋(cong)zi 🍇(zi)jin 🎾(jin)mian 🕋(mian)lai 🗼(lai)kan 🦄(kan)，Windying 🌞(ying)wei 🎖(wei)da 🍛(da)chan 😽(chan)ye 😨(ye)lian 🔌(lian)cheng 🗿(cheng)fen 🤬(fen)gu 🌔(gu)zhong 🍬(zhong)，bu 👷(bu)shao 😷(shao)gu 👸(gu)piao 🙎(piao)huo 😂(huo)de 🔫(de)zi 🛣(zi)jin 🌪(jin)qing 🌜(qing)lai 📌(lai)。Windshu 🗞(shu)ju 🍗(ju)xian 🕦(xian)shi 🖲(shi)，jie 📊(jie)zhi 😳(zhi)6yue 💇(yue)14ri 🕺(ri)，bei 🐸(bei)xiang 🏿(xiang)zi ⛎(zi)jin 🐚(jin)jin 👞(jin)60ri 🧓(ri)yi 🗳(yi)lai 🌵(lai)jia 📋(jia)cang 🎀(cang)zhong 💖(zhong)ji 〽(ji)xu 🏚(xu)chuang 💕(chuang)chao 🌳(chao)guo 🤛(guo)30yi 🌍(yi)yuan 🍞(yuan)，jia ➗(jia)cang ✈(cang)jing 🌞(jing)dong 🧣(dong)fang 🚁(fang)Achao 🙈(chao)guo 🔸(guo)13yi ⛵(yi)yuan 📳(yuan)，jia 💓(jia)cang 📗(cang)tian 〰(tian)fu 👆(fu)tong 🧡(tong)xin 📓(xin)chao 🔀(chao)guo 🍸(guo)17yi 🍼(yi)yuan 🥋(yuan)。 　　guo 🌚(guo)jin 🏿(jin)zheng 🌚(zheng)quan 🧝(quan)dian 🕕(dian)zi 🦇(zi)xing 😼(xing)ye 💖(ye)shou 😵(shou)xi ☕(xi)fen 🎲(fen)xi 🏧(xi)shi 💤(shi)fan 🚍(fan)zhi 🎍(zhi)yuan 🕳(yuan)biao 📡(biao)shi 😍(shi)，da 🧠(da)mo 🌆(mo)xing 🎐(xing)chi ➗(chi)xu ♒(xu)sheng 🥢(sheng)ji 🈚(ji)，suan 🗻(suan)li 🔶(li)xu 🚗(xu)qiu 📠(qiu)bu 🚪(bu)duan 🚶(duan)ti 🗞(ti)sheng 🏭(sheng)，yun 🚥(yun)chang 💫(chang)shang 🌡(shang)zeng 🐣(zeng)jia 😎(jia)AIzi 😶(zi)ben 🔧(ben)kai 🆙(kai)zhi 🧐(zhi)，dai 👦(dai)dong 🆙(dong)AIxin ⏸(xin)pian 🤐(pian)、AIfu 🗽(fu)wu 📐(wu)qi 📜(qi)、guang 🍭(guang)mo 💇(mo)kuai 🍄(kuai)、jiao 🌂(jiao)huan 🛬(huan)ji 🕧(ji)deng 💄(deng)xu 🗡(xu)qiu 🙂(qiu)gao 🔮(gao)jing ✍(jing)qi 🌾(qi)。jin 😖(jin)nian 👐(nian)xia 🤓(xia)ban 🕗(ban)nian 🎤(nian)zhi 🏞(zhi)neng 🔉(neng)shou 🔑(shou)ji 💤(ji)、AI PCjiang 🧜(jiang)ying 🤹(ying)lai 🉑(lai)zhong 🍙(zhong)duo 🎅(duo)xin 🤗(xin)ji 🍡(ji)fa 🥗(fa)bu 💯(bu)，san 🖨(san)ji 🏮(ji)du 🎢(du)you 🆎(you)wang 🐌(wang)ying 🕰(ying)lai 🗄(lai)xu 🌦(xu)qiu 🛣(qiu)wang 🏪(wang)ji 🚭(ji)。zhong 🧗(zhong)chang 💴(chang)qi 🥖(qi)lai 🕞(lai)kan 📓(kan)，AIyou 🐹(you)wang 🕌(wang)gei 💋(gei)xiao 🙄(xiao)fei ⛸(fei)dian 🕘(dian)zi 🥨(zi)fu 💻(fu)neng ⛷(neng)，dai 🏅(dai)lai 🥥(lai)xin 🌗(xin)de 🚾(de)huan 🤲(huan)ji 🌃(ji)xu 📯(xu)qiu 🏬(qiu)，kan 🗄(kan)hao 🎑(hao)AIqu ⏹(qu)dong 🏆(dong)、xu 🚕(xu)qiu 🦎(qiu)fu 🚥(fu)su 🍍(su)ji 🗣(ji)zi 🌑(zi)zhu 😶(zhu)ke Ⓜ(ke)kong 📈(kong)shou 🧛(shou)yi 🐋(yi)chan 🎒(chan)ye 🚘(ye)lian 💪(lian)。 　　guang 🔐(guang)mo 📿(mo)kuai 🈳(kuai)fang 🐶(fang)mian 🌸(mian)，guo ⛓(guo)lian 🕒(lian)zheng ⚾(zheng)quan 👩(quan)tong 🏂(tong)xin 🕠(xin)xing 🦅(xing)ye 🈸(ye)fen 🕺(fen)xi 🤷(xi)shi 🏠(shi)zhang 🕚(zhang)jian 🏗(jian)yu 👅(yu)ren 😼(ren)wei 🛒(wei)：“ying 🚎(ying)wei 🚆(wei)da 👯(da)GPUxin 💉(xin)pian 🕳(pian)de ✈(de)kuai 🍿(kuai)su 🎋(su)die 🎑(die)dai 🤛(dai)，jia 🤵(jia)su 😾(su)le 🐍(le)1.6Tguang 👕(guang)mo 🔪(mo)kuai ✅(kuai)xu 🆒(xu)qiu 🔟(qiu)de 🍢(de)shi 🈚(shi)fang 🔔(fang)。1.6Tguang 🎖(guang)mo 🕰(mo)kuai 🛬(kuai)de 👃(de)yan 🧔(yan)fa 🥋(fa)he 😣(he)jiao 🥙(jiao)fu 🔤(fu)neng 👣(neng)li 💤(li)yi 🔀(yi)ran 🌛(ran)hui 👔(hui)zhu 🥈(zhu)dao 🍯(dao)guang 🧖(guang)mo 🏐(mo)kuai 😛(kuai)chang 🎁(chang)shang 🍜(shang)de ⛄(de)jing 🦉(jing)zheng 📯(zheng)ge ⚫(ge)ju 🔆(ju)，you 🎼(you)li 🐵(li)yu 🤶(yu)tou 🖕(tou)bu 🚸(bu)qi 😈(qi)ye 🎟(ye)qiang 💡(qiang)hua ❓(hua)jing 🎉(jing)zheng 🥜(zheng)you 🔽(you)shi 🙁(shi)。tong 😞(tong)shi 🐫(shi)di 😍(di)shi 💅(shi)yan 😿(yan)、di 🌁(di)cheng 🌟(cheng)ben 🐱(ben)、di ⛏(di)gong ➗(gong)hao 🌫(hao)de 💬(de)CPO、LPO、gui 🤔(gui)guang 🐸(guang)、bo 😐(bo)mo ⛏(mo)ni 🛣(ni)suan 💄(suan)li 🏙(li)fang 😈(fang)an 🎶(an)you 📱(you)wang 💗(wang)gei 🏃(gei)xin ♈(xin)de 🙂(de)qi 🔚(qi)ye 🤕(ye)dai ⌛(dai)lai 🍻(lai)po 🗯(po)ju 🌘(ju)ji 💕(ji)hui 🤤(hui)。” 　　zai 🗂(zai)GPUfang 🏖(fang)mian 🈷(mian)，ci 🍵(ci)qian ➕(qian)，huang 🌳(huang)ren 🍸(ren)xun ⏲(xun)xuan ⏱(xuan)bu 🏝(bu)ying 📝(ying)wei 🎶(wei)da ❔(da)Blackwellxin 🦑(xin)pian 🎌(pian)xian 🍜(xian)yi ♏(yi)kai 🐰(kai)shi 🤴(shi)tou 🍔(tou)chan 🌫(chan)，yu 💧(yu)qi 🛶(qi)2025nian 😆(nian)fa 🥌(fa)bu 📮(bu)zeng 💋(zeng)qiang 🍏(qiang)ban 🈷(ban)Blackwell Ultra GPU。qi ✒(qi)tong 🦗(tong)shi 🗞(shi)guan 🤪(guan)xuan 🛌(xuan)xia 📱(xia)yi 🍾(yi)dai 🌁(dai)jia 😛(jia)gou 🎺(gou)Rubinjiang 😊(jiang)yu 💘(yu)2026nian 📍(nian)shang 😭(shang)shi 🍇(shi)，jiang 😁(jiang)ji 👥(ji)cheng 🕝(cheng)8ke 🌁(ke)HBM4；yu 💺(yu)2027nian 💪(nian)tui ♏(tui)chu ⛲(chu)Rubin Ultra GPUban 🎫(ban)ben 📆(ben)，jiang 🗝(jiang)ji 🥝(ji)cheng 🦊(cheng)12ke 🍎(ke)HBM4。 　　“ying 🍁(ying)wei 🏰(wei)da 👛(da)chan 🎃(chan)pin 🕣(pin)de 🐏(de)kuai 🐪(kuai)su 📙(su)die 🐝(die)dai 🔖(dai)，jiang 🐍(jiang)jin 🌪(jin)yi 🎩(yi)bu ⏮(bu)kuo 🌰(kuo)da 🆒(da)qi 📼(qi)ling 🍈(ling)xian 🔁(xian)you ⏮(you)shi 🚸(shi)，bing ✨(bing)cu 🌓(cu)jin 📠(jin)da 🈳(da)mo 🌠(mo)xing 🕑(xing)he 🦄(he)AIying 🗞(ying)yong 📁(yong)chan 🔜(chan)ye 🌐(ye)de 📏(de)kuai 💟(kuai)su ✏(su)fa 🔦(fa)zhan 🗿(zhan)。”guo 👵(guo)hai 🏞(hai)zheng 💕(zheng)quan 🐘(quan)ji 💹(ji)suan 💤(suan)ji 🆖(ji)xing 🈚(xing)ye 🗻(ye)shou 🐮(shou)xi 🥒(xi)fen 💲(fen)xi 🙌(xi)shi 🤬(shi)liu 🗾(liu)xi 🐕(xi)ren 🐼(ren)wei 🚱(wei)，“ying 🥦(ying)wei 🎭(wei)da 🍡(da)GPUchi 🏖(chi)xu 💞(xu)kuai 👼(kuai)su 🎺(su)die 👽(die)dai 🌲(dai)，zai 🔘(zai)gong 💆(gong)yi 🚠(yi)、feng 🕐(feng)zhuang 😃(zhuang)he 🧘(he)jing 🚄(jing)du 🧘(du)fang 😋(fang)mian 😛(mian)bu 💿(bu)duan 🐌(duan)you 🌨(you)hua 🤨(hua)，pei ⛰(pei)he 💺(he)CPU、NVLinkdeng ⬅(deng)huan 🔊(huan)jie 🎣(jie)de 😱(de)jin 🐌(jin)bu 🤙(bu)，guo 🎄(guo)qu 🕝(qu)ba 🏻(ba)nian 🔲(nian)，Blackwellxiang 🌫(xiang)bi 🐣(bi)Pacsaljia 😦(jia)gou 💆(gou)de 💞(de)AIji 🍟(ji)suan ❗(suan)neng 👪(neng)li 🤛(li)ti 🕷(ti)sheng 🧣(sheng)le 🛁(le)1000bei 💄(bei)。” 　　kai 🐻(kai)yuan 🃏(yuan)zheng 🕑(zheng)quan 🥅(quan)ji 🙎(ji)suan 🚊(suan)ji 🔼(ji)xing 🚝(xing)ye 🗨(ye)shou ⬆(shou)xi 🌆(xi)fen 🎠(fen)xi 👰(xi)shi 🖥(shi)chen 🔆(chen)bao 🧑(bao)jian 🧀(jian)biao 🍬(biao)shi 💙(shi)，guo 📗(guo)nei 📓(nei)wai 📯(wai)AIling 🛋(ling)yu 🎑(yu)chuang 🆎(chuang)xin 💞(xin)bu 👊(bu)duan 🗼(duan)yong 💚(yong)xian 🔃(xian)，jian 🤹(jian)ding 🛥(ding)kan 🚺(kan)hao ♈(hao)AIsuan 👙(suan)li 🤲(li)yu 📬(yu)ying ⛽(ying)yong 🐀(yong)duan 🌚(duan)tou 😽(tou)zi 🖕(zi)ji 🥢(ji)hui 🧟(hui)。