【券商聚焦】中国银河:需求催化与密集招标,国内算力有望进入新一轮周期

金吾财讯
Feb 03

金吾财讯 | 中国银河证券发研报指,需求催化与密集招标,国内算力有望进入新一轮周期。英伟达H200芯片有望有条件进入中国市场,长期来看有利于国产算力芯片及生态发展,我们认为,2025年四季度国内AIDC招标开始回暖并呈现上行趋势,2026年国内互联网大厂将加紧数据中心布局,且节奏或将快于2025年,若伴随H200恢复供应将推动大模型训练效率,进一步加速AI应用端落地与国产算力芯片在推理端需求,国产算力有望进入新一轮周期。关注以下细分赛道及公司:1、国产算力产业链;2、IDC服务商与算力租赁;3、国产信创厂商;4、AI Agent 及应用;5、云计算厂商;6、一体机及端侧AI;7、数据要素产业链中供给、流通、应用公司;8、EDA。

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