通信行业动态报告:豆包日均TOKENS同比暴增 AI行业景气度持续

中信建投证券
15 Jun

核心观点截至2025 年5 月底,豆包大模型日均tokens 使用量超过16.4 万亿,较去年5 月刚发布时增长超过137 倍。甲骨文展望2026 财年总体云业务( IaaS+SaaS ) 增长率在40%以上, 云基础设施(IaaS)的增速在70%以上。字节豆包日均tokens 使用量的暴增,甲骨文展望云业务提速增长且资本开支继续保持高增,这些都印证了AI产业的高景气度,我们建议持续关注算力产业链...

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