作者:宋雪涛摘要■核心观点大宗商品的涨价与 AI 叙事有千丝万缕的联系,并且不同的大宗商品对 AI 的敞口不同,如同光谱呈现鲜明的差异化。一些金属凭借在数据中心和电网设施建设中的核心应用率先迎来牛市,合并各金属矿物对数据中心和电网设施分别的价值贡献度来看,可对金属矿产的“AI 含金量”排序,依次为钒、铜、锂、镓、铝等。金银等则依托金融属性成为AI 泡沫的对冲工具,原油因抑制通胀的中选诉求暂时站在了...
Source Link作者:宋雪涛摘要■核心观点大宗商品的涨价与 AI 叙事有千丝万缕的联系,并且不同的大宗商品对 AI 的敞口不同,如同光谱呈现鲜明的差异化。一些金属凭借在数据中心和电网设施建设中的核心应用率先迎来牛市,合并各金属矿物对数据中心和电网设施分别的价值贡献度来看,可对金属矿产的“AI 含金量”排序,依次为钒、铜、锂、镓、铝等。金银等则依托金融属性成为AI 泡沫的对冲工具,原油因抑制通胀的中选诉求暂时站在了...
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