计算机行业深度报告:阿里云持续加速 开源生态+模型性能构建B端壁垒

中信建投证券
Dec 02, 2025

核心观点阿里依托Qwen 大模型底座实现业务全面重塑,并凭借开源策略与强劲性能加速构建B 端生态壁垒。同时,公司坚定上修资本开支以应对旺盛的算力需求,云收入持续高增,验证了“基础设施投入-技术迭代-商业变现”的闭环逻辑。建议关注1)阿里生态玩家;2)Pre-AI 的收入率先落地,推荐OA+ERP 环节的泛微网络、金蝶国际、用友网络、鼎捷数智;Pre-AI 方面的达梦数据、深信服、汉得信息。3)部分...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10