487 lines
34 KiB
HTML
487 lines
34 KiB
HTML
<!DOCTYPE html>
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<html lang="zh-CN" data-theme="night">
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<head>
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<meta charset="UTF-8">
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<meta name="viewport" content="width=device-width, initial-scale=1.0">
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<title>华为昇腾 - 深度研究报告</title>
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<script src="https://cdn.tailwindcss.com"></script>
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<link href="https://cdn.jsdelivr.net/npm/daisyui@4.10.2/dist/full.min.css" rel="stylesheet" type="text/css" />
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<style>
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@import url('https://fonts.googleapis.com/css2?family=Noto+Sans+SC:wght@300;400;500;700&display=swap');
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body {
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font-family: 'Noto Sans SC', sans-serif;
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background-color: #020617; /* slate-950 */
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background-image:
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radial-gradient(circle at 15% 50%, rgba(14, 165, 233, 0.1), transparent 40%),
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backdrop-filter: blur(20px);
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border-radius: 1.5rem; /* rounded-3xl */
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display: grid;
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gap: 1rem;
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grid-template-columns: repeat(auto-fit, minmax(300px, 1fr));
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font-size: 2.25rem;
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margin-bottom: 2rem;
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.disclaimer {
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text-align: center;
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margin-top: 2rem;
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border: 1px dashed #475569; /* slate-600 */
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padding: 0.5rem 1rem;
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border-radius: 0.5rem;
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background: rgba(15, 23, 42, 0.5);
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background-color: rgba(30, 41, 59, 0.5) !important;
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border-bottom-color: transparent !important;
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</style>
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</head>
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<body class="text-slate-300 min-h-screen">
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<div class="container mx-auto p-4 md:p-8 max-w-7xl">
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<!-- Header -->
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<header class="text-center mb-16">
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<h1 class="text-5xl md:text-7xl font-bold bg-clip-text text-transparent bg-gradient-to-r from-sky-300 via-violet-400 to-fuchsia-400 pb-4">
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华为昇腾 (Huawei Ascend)
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</h1>
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<p class="text-2xl text-slate-400 mt-2">AI 算力深度研究报告</p>
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</header>
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<!-- Insight Section -->
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<main class="space-y-16">
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<!-- Core Viewpoints -->
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<section id="core-viewpoints" class="glass-card p-8 shadow-2xl">
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<h2 class="text-3xl font-bold mb-6 glow-text">核心观点摘要</h2>
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<p class="text-lg leading-relaxed text-slate-200">
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华为昇腾正处在由“政策驱动的国产替代”向“技术驱动的市场引领”转型的关键跃升期。其核心驱动力是 <strong class="text-cyan-300">地缘政治下的自主可控刚需</strong> 与 <strong class="text-violet-300">华为自身强大的全栈技术研发能力</strong> 形成的共振。未来，昇腾的潜力不仅在于追赶单点硬件性能，更在于通过创新的集群架构和日益成熟的软件生态，重塑国内乃至全球AI算力格局。
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</p>
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</section>
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<!-- Concept Core Logic -->
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<section id="core-logic" x-data="{ open: false }">
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<div class="glass-card p-8">
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<h2 class="text-3xl font-bold mb-6 glow-text">概念核心逻辑与市场认知分析</h2>
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<div class="space-y-6">
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<div>
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<h3 class="text-xl font-semibold text-sky-300 mb-2">核心驱动力</h3>
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<ul class="list-disc list-inside space-y-2 text-slate-300">
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<li><strong>地缘政治与政策驱动 (生存逻辑):</strong> 美国对高端AI芯片的出口管制，为华为昇腾创造了确定性极高的增量市场，是概念成立的基石。</li>
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<li><strong>全栈技术突破 (发展逻辑):</strong> 提供从芯片、软件、框架到集群解决方案的全栈能力，构建了区别于竞争对手的核心壁垒。</li>
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<li><strong>清晰的产品迭代路线 (增长逻辑):</strong> 明确的从910C到970的路线图及每年性能翻倍的目标，给予市场极强的增长预期。</li>
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</ul>
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</div>
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<div :class="open ? '' : 'max-h-48 overflow-hidden relative'">
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<h3 class="text-xl font-semibold text-sky-300 mb-2 mt-6">市场热度与情绪</h3>
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<p>市场对华为昇腾概念保持着极高的关注度和普遍乐观的情绪，体现在研报密集发布、路演交流频繁、股价联动效应强等多个方面。</p>
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<h3 class="text-xl font-semibold text-sky-300 mb-2 mt-6">预期差分析</h3>
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<div class="p-4 border border-slate-600 rounded-xl bg-slate-900/50 space-y-3">
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<p><span class="font-bold text-violet-300">市场共识:</span> 昇腾是国产AI芯片龙头，是国产替代的最大受益者，单卡性能正快速追赶英伟达。</p>
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<p><span class="font-bold text-teal-300">潜在预期差:</span></p>
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<ol class="list-decimal list-inside space-y-1 pl-2">
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<li><strong>低估了集群架构的颠覆性:</strong> 市场仍在用“单卡性能对标”的线性思维评估，而华为的核心突破在于通过CloudMatrix 384和灵衢互联协议等系统级创新，在“面”（大规模集群效率）上建立优势。</li>
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<li><strong>忽视了向通用GPU (GPGPU) 的战略转向:</strong> 昇腾950系列将提供GPGPU子型号并兼容Cuda生态，这是解决其软件生态短板的革命性一步，市场尚未充分定价。</li>
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<li><strong>对国产化供应链的风险敞口认知不足:</strong> “55%国产化率”和对封装等环节的依赖是市场可能忽略的关键风险点，供应链瓶颈是现实挑战。</li>
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</ol>
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</div>
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<div class="absolute bottom-0 left-0 w-full h-24 bg-gradient-to-t from-slate-800/80 to-transparent" x-show="!open"></div>
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</div>
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<button @click="open = !open" class="btn btn-outline btn-info btn-sm mt-4">
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<span x-show="!open">展开详细分析</span>
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<span x-show="open">收起详细分析</span>
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</button>
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</div>
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</div>
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</section>
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<!-- Product Roadmap & Cluster Technology Chart -->
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<section id="roadmap-chart" class="glass-card p-8">
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<h2 class="text-3xl font-bold mb-6 glow-text">昇腾芯片性能迭代路线图</h2>
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<p class="text-slate-400 mb-6">华为已公布清晰的未来芯片迭代计划，目标是实现单卡算力持续翻倍，逐步在性能上实现追赶与超越。下图展示了规划中各型号芯片在FP8/FP4精度下的理论算力峰值（单位：PFLOPS）。</p>
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<div id="echarts-roadmap" class="w-full h-96"></div>
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</section>
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<!-- Key Data Summary -->
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<section id="key-data" x-data="{ tab: 'news' }">
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<h2 class="section-title">关键信息摘要</h2>
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<div role="tablist" class="tabs tabs-lifted mb-[-1px]">
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<a role="tab" class="tab" :class="{ 'tab-active': tab === 'news' }" @click.prevent="tab = 'news'">新闻数据</a>
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<a role="tab" class="tab" :class="{ 'tab-active': tab === 'roadshow' }" @click.prevent="tab = 'roadshow'">路演纪要</a>
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<a role="tab" class="tab" :class="{ 'tab-active': tab === 'reports' }" @click.prevent="tab = 'reports'">研报精粹</a>
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</div>
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<div class="glass-card p-6 rounded-tl-none">
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<!-- News Data -->
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<div x-show="tab === 'news'" class="space-y-4">
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<div class="collapse collapse-plus bg-base-200/20">
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<input type="radio" name="news-accordion" checked="checked" />
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<div class="collapse-title text-xl font-medium text-cyan-300">昇腾910C芯片详情</div>
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<div class="collapse-content">
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<ul class="list-disc list-inside space-y-2 p-2">
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<li><strong>规格与性能:</strong> 7nm工艺，算力接近H100，功耗约1000瓦。910D系列性能预计是910B的4倍。</li>
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<li><strong>训练效率:</strong> 万卡集群训练万亿参数模型，效率比910B提升1-2周，三周内完成。</li>
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<li><strong>量产与出货:</strong> 已开始向BBAT千卡级别出货，预计2025年顺利量产后，昇腾出货将达近千亿。</li>
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</ul>
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</div>
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</div>
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<div class="collapse collapse-plus bg-base-200/20">
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<input type="radio" name="news-accordion" />
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<div class="collapse-title text-xl font-medium text-cyan-300">未来芯片路线图 (950/960/970)</div>
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<div class="collapse-content">
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<ul class="list-disc list-inside space-y-2 p-2">
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<li><strong>昇腾950 (2026):</strong> N+2工艺，双Die封装，单卡算力FP8/FP4达1/2P，支持自研HBM，将提供ASIC和GPGPU两种型号。</li>
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<li><strong>昇腾960 (2027):</strong> 四Die封装，算力是950的两倍，FP8/FP4达2/4P。</li>
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<li><strong>昇腾970 (2028):</strong> N+3工艺，四Die封装，性能再提30%，FP8/FP4达4/8P。</li>
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</ul>
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</div>
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</div>
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<div class="collapse collapse-plus bg-base-200/20">
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<input type="radio" name="news-accordion" />
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<div class="collapse-title text-xl font-medium text-cyan-300">集群与超节点技术</div>
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<div class="collapse-content">
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<ul class="list-disc list-inside space-y-2 p-2">
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<li><strong>CloudMatrix 384:</strong> 业界最大规模384卡高速总线互联超节点，已在芜湖数据中心规模上线。</li>
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<li><strong>未来规划:</strong> Atlas 950 SuperPoD (8192卡, 2025 Q4)，Atlas 960 SuperPoD (15488卡, 2027 Q4)。</li>
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<li><strong>核心技术:</strong> 开创“灵衢”(UnifiedBus)新型互联协议，支撑万卡超节点架构。</li>
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</ul>
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</div>
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</div>
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</div>
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<!-- Roadshow Data -->
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<div x-show="tab === 'roadshow'" class="space-y-4">
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<div class="collapse collapse-plus bg-base-200/20">
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<input type="radio" name="roadshow-accordion" checked="checked" />
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<div class="collapse-title text-xl font-medium text-cyan-300">市场规模与预期</div>
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<div class="collapse-content">
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<ul class="list-disc list-inside space-y-2 p-2">
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<li><strong>2024年预期:</strong> 目标增长至200-300亿元，乐观估计50-60万片，单价约12万元，整机市场规模或达千亿量级。</li>
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<li><strong>驱动因素:</strong> 运营商招标、地方智算中心、互联网厂商试水需求爆发。</li>
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<li><strong>客户订单:</strong> 字节跳动预计2025年采购量近20万颗。</li>
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</ul>
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</div>
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</div>
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<div class="collapse collapse-plus bg-base-200/20">
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<input type="radio" name="roadshow-accordion" />
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<div class="collapse-title text-xl font-medium text-cyan-300">竞争格局与合作伙伴</div>
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<div class="collapse-content">
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<ul class="list-disc list-inside space-y-2 p-2">
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<li><strong>整机厂商:</strong> 超聚变、华鲲振宇合计占市场50%-60%份额，神州数码、浪潮信息紧随其后。</li>
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<li><strong>技术对标:</strong> 昇腾910B性能约对标A100的70%-80%，910C对标A100/接近H100，920系列对标B100。</li>
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<li><strong>供应链:</strong> 910C服务器需适配液冷技术，带动液冷、高速连接器、光模块、电源等环节需求。</li>
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</ul>
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</div>
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</div>
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</div>
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<!-- Research Reports Data -->
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<div x-show="tab === 'reports'" class="space-y-4">
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<div class="collapse collapse-plus bg-base-200/20">
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<input type="radio" name="reports-accordion" checked="checked" />
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<div class="collapse-title text-xl font-medium text-cyan-300">技术与生态构建</div>
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<div class="collapse-content">
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<ul class="list-disc list-inside space-y-2 p-2">
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<li><strong>全栈AI计算:</strong> 昇腾产业是基于昇腾处理器和基础软件构建的全栈AI计算基础设施。</li>
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<li><strong>架构升级:</strong> 从26Q1的950PR开始，昇腾芯片架构从SIMD转向SIMD/SIMT（NPU转向GPGPU路线），兼容性大幅提升。</li>
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<li><strong>生态计划:</strong> "昇腾原生计划"和"D-Plan"生态伙伴计划，联合客户打造融合大算子，孵化原生大模型。</li>
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</ul>
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</div>
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</div>
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<div class="collapse collapse-plus bg-base-200/20">
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<input type="radio" name="reports-accordion" />
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<div class="collapse-title text-xl font-medium text-cyan-300">市场地位与应用</div>
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<div class="collapse-content">
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<ul class="list-disc list-inside space-y-2 p-2">
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<li><strong>国产算力核心:</strong> 华为昇腾在产业链中占据主导地位，合作伙伴分食超90%运营商市场份额。</li>
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<li><strong>大模型适配:</strong> 原生研发、适配的大模型超过30个，占据中国大模型近一半数量。</li>
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<li><strong>客户案例:</strong> 助力美图AI绘画推理提升30%；与DeepSeek合作优化大模型推理，实现动态专家调度。</li>
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</ul>
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</div>
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</div>
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</div>
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</div>
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</section>
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<!-- Industry Chain -->
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<section id="industry-chain">
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<h2 class="section-title">产业链深度剖析</h2>
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<div class="grid grid-cols-1 md:grid-cols-3 gap-6">
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<!-- Upstream -->
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<div class="glass-card p-6">
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<h3 class="font-bold text-2xl mb-4 text-violet-300">上游：核心技术与材料</h3>
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<ul class="space-y-2">
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<li><span class="badge badge-accent badge-outline mr-2">芯片制造</span>中芯国际</li>
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<li><span class="badge badge-accent badge-outline mr-2">封装基板</span>兴森科技, 深南电路</li>
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<li><span class="badge badge-accent badge-outline mr-2">先进封装</span>华海诚科, 联瑞新材</li>
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<li><span class="badge badge-accent badge-outline mr-2">自研HBM</span>华为自研 (HiBL)</li>
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</ul>
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</div>
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<!-- Midstream -->
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<div class="glass-card p-6 row-span-2">
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<h3 class="font-bold text-2xl mb-4 text-sky-300">中游：硬件与集成 (核心)</h3>
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<ul class="space-y-2">
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<li><span class="badge badge-primary badge-outline mr-2">AI服务器整机</span><strong>华鲲振宇, 神州数码</strong>, 超聚变, 浪潮信息, 烽火通信</li>
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<li><span class="badge badge-primary badge-outline mr-2">散热/液冷</span><strong>英维克</strong>, 申菱环境, 强瑞技术</li>
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<li><span class="badge badge-primary badge-outline mr-2">高速互联</span><strong>华丰科技</strong>, 意华股份 (连接器); 光迅科技, 华工科技 (光模块)</li>
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<li><span class="badge badge-primary badge-outline mr-2">电源</span>泰嘉股份, 欧陆通</li>
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</ul>
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<div class="mt-4 p-3 bg-slate-900/50 rounded-lg border border-slate-700">
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<h4 class="font-semibold text-lg text-amber-300">核心玩家对比</h4>
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<p class="text-sm mt-2"><strong class="text-white">领导者 (逻辑最纯粹):</strong> 华鲲振宇 (关联高新发展) 和神州数码，作为战略/领先级伙伴，是昇腾服务器放量最直接的受益者。</p>
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<p class="text-sm mt-2"><strong class="text-white">核心组件供应商 (“卖铲人”):</strong> 英维克 (液冷份额第一)、华丰科技 (高速连接器)，受益于芯片功耗和互联密度提升带来的增量价值，弹性大。</p>
|
||
</div>
|
||
</div>
|
||
<!-- Downstream -->
|
||
<div class="glass-card p-6">
|
||
<h3 class="font-bold text-2xl mb-4 text-emerald-300">下游：软件、应用与服务</h3>
|
||
<ul class="space-y-2">
|
||
<li><span class="badge badge-success badge-outline mr-2">应用软件伙伴</span>软通动力, 云从科技, 科大讯飞</li>
|
||
<li><span class="badge badge-success badge-outline mr-2">AI云服务</span>华为云</li>
|
||
<li><span class="badge badge-success badge-outline mr-2">终端客户</span>运营商, 互联网大厂, 政府智算中心</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- Potential Risks -->
|
||
<section id="risks" class="glass-card p-8">
|
||
<h2 class="text-3xl font-bold mb-6 text-orange-400">潜在风险与挑战</h2>
|
||
<div class="grid grid-cols-1 md:grid-cols-2 gap-6 text-slate-300">
|
||
<div class="p-4 border-l-4 border-amber-500 bg-amber-500/10 rounded-r-lg">
|
||
<h4 class="font-semibold text-lg text-amber-300 mb-2">技术风险</h4>
|
||
<ul class="list-disc list-inside space-y-1 text-sm">
|
||
<li><strong>先进制程依赖:</strong> 未来的N+2/N+3工艺，国内代工厂的良率和产能是最大不确定性。</li>
|
||
<li><strong>生态迁移成本:</strong> CUDA生态惯性巨大，吸引开发者迁移的成本和时间可能超预期。</li>
|
||
<li><strong>大规模集群稳定性:</strong> 万卡以上集群的稳定性、容错能力和调度效率是巨大的工程难题。</li>
|
||
</ul>
|
||
</div>
|
||
<div class="p-4 border-l-4 border-rose-500 bg-rose-500/10 rounded-r-lg">
|
||
<h4 class="font-semibold text-lg text-rose-300 mb-2">商业化与政策风险</h4>
|
||
<ul class="list-disc list-inside space-y-1 text-sm">
|
||
<li><strong>成本与定价:</strong> 高昂的服务器价格可能抑制部分市场需求。</li>
|
||
<li><strong>能效比 (TCO):</strong> 芯片功耗飙升，总拥有成本是与未来NVIDIA产品竞争的关键。</li>
|
||
<li><strong>外部制裁升级:</strong> 美国可能进一步收紧对半导体设备、EDA软件的管制。</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- Stock Data -->
|
||
<section id="stock-data">
|
||
<h2 class="section-title">相关产业链公司梳理</h2>
|
||
<div class="overflow-x-auto glass-card p-4">
|
||
<table class="table table-zebra w-full">
|
||
<thead>
|
||
<tr class="text-base text-slate-200">
|
||
<th>股票名称</th>
|
||
<th>股票代码</th>
|
||
<th>关联标签</th>
|
||
<th>关联原因</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<!-- Data will be dynamically inserted here by a script, but for this static example, I'll hardcode it -->
|
||
<tr><td>华丰科技</td><td><a href="https://valuefrontier.cn/company?scode=688629" target="_blank" class="link link-info">688629</a></td><td><div class="badge badge-primary">投资</div> <div class="badge badge-secondary">连接器</div></td><td>哈勃科技持有公司2.95%；华为是公司第一大客户，占比超35%。</td></tr>
|
||
<tr><td>四川长虹</td><td><a href="https://valuefrontier.cn/company?scode=600839" target="_blank" class="link link-info">600839</a></td><td><div class="badge badge-accent">昇腾部件伙伴</div></td><td>旗下基金持股华鲲振宇2%；预计2024年与华鲲振宇关联交易达45.37亿。</td></tr>
|
||
<tr><td>神州数码</td><td><a href="https://valuefrontier.cn/company?scode=000034" target="_blank" class="link link-info">000034</a></td><td><div class="badge badge-accent">昇腾部件伙伴</div></td><td>子公司神州鲲泰为昇腾部件伙伴（优选级），市场份额领先。</td></tr>
|
||
<tr><td>烽火通信</td><td><a href="https://valuefrontier.cn/company?scode=600498" target="_blank" class="link link-info">600498</a></td><td><div class="badge badge-accent">昇腾部件伙伴</div></td><td>控股子公司长江计算是华为鲲鹏昇腾生态的整机合作伙伴。</td></tr>
|
||
<tr><td>软通动力</td><td><a href="https://valuefrontier.cn/company?scode=301236" target="_blank" class="link link-info">301236</a></td><td><div class="badge badge-success">昇腾应用软件伙伴</div></td><td>软通计算机作为华为鲲鹏、昇腾双优选合作伙伴。</td></tr>
|
||
<tr><td>拓维信息</td><td><a href="https://valuefrontier.cn/company?scode=002261" target="_blank" class="link link-info">002261</a></td><td><div class="badge badge-info">昇腾其他</div></td><td>作为昇腾战略合作伙伴，“兆瀚”AI服务器已深度适配Deepseek-V2大模型。</td></tr>
|
||
<tr><td>深南电路</td><td><a href="https://valuefrontier.cn/company?scode=002916" target="_blank" class="link link-info">002916</a></td><td><div class="badge badge-secondary">ABF载板</div></td><td>ABF类封装基板具备批量生产能力；与华为建立长期稳定合作关系。</td></tr>
|
||
<tr><td>泰嘉股份</td><td><a href="https://valuefrontier.cn/company?scode=002843" target="_blank" class="link link-info">002843</a></td><td><div class="badge badge-secondary">电源</div></td><td>旗下雅达电子是华为电源品类的重要供应商。</td></tr>
|
||
<tr><td>光迅科技</td><td><a href="https://valuefrontier.cn/company?scode=002281" target="_blank" class="link link-info">002281</a></td><td><div class="badge badge-secondary">光通信</div></td><td>华为一直是公司重要客户。</td></tr>
|
||
<tr><td>意华股份</td><td><a href="https://valuefrontier.cn/company?scode=002897" target="_blank" class="link link-info">002897</a></td><td><div class="badge badge-secondary">连接器</div></td><td>800G连接器产品已批量供货；华为是公司的重要客户。</td></tr>
|
||
<tr><td>飞荣达</td><td><a href="https://valuefrontier.cn/company?scode=300602" target="_blank" class="link link-info">300602</a></td><td><div class="badge badge-secondary">散热/液冷</div></td><td>为华为提供电磁屏蔽及散热解决方案和相关产品。</td></tr>
|
||
<tr><td>云从科技</td><td><a href="https://valuefrontier.cn/company?scode=688327" target="_blank" class="link link-info">688327</a></td><td><div class="badge badge-success">昇腾应用软件伙伴</div></td><td>公司为昇腾应用软件伙伴（优选级）。</td></tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- Rise Analysis Supplement -->
|
||
<section id="rise-analysis">
|
||
<h2 class="section-title">涨幅异动分析补充</h2>
|
||
<div class="bento-grid">
|
||
<div class="glass-card p-6 space-y-3" x-data="{ expanded: false }">
|
||
<div class="flex justify-between items-center">
|
||
<h3 class="font-bold text-xl text-sky-300">华胜天成 (600410)</h3>
|
||
<div class="badge badge-error gap-2">+9.99%</div>
|
||
</div>
|
||
<p class="text-sm text-slate-400"><strong>异动日期:</strong> 2025-11-18</p>
|
||
<p class="text-slate-200 font-medium">核心结论: 资金提前抢筹华为“CANN 4.0/昇腾910C”算力利用率提升技术发布，华胜天成是A股唯一已落地昇腾AI智算中心并兑现收入的昇腾总包商。</p>
|
||
<div x-show="expanded" x-collapse>
|
||
<p class="text-sm mt-2"><strong>驱动逻辑:</strong> 公司三季报“智能计算”收入7.4亿元，已中标天津/河北/宿州三地昇腾AI智算中心总集成，合同额27.8亿元。基本面与主题共振，机构席位首次大比例买入。</p>
|
||
</div>
|
||
<button @click="expanded = !expanded" class="btn btn-xs btn-outline btn-info">详情</button>
|
||
</div>
|
||
|
||
<div class="glass-card p-6 space-y-3" x-data="{ expanded: false }">
|
||
<div class="flex justify-between items-center">
|
||
<h3 class="font-bold text-xl text-sky-300">昇辉科技 (300423)</h3>
|
||
<div class="badge badge-error gap-2">+7.01%</div>
|
||
</div>
|
||
<p class="text-sm text-slate-400"><strong>异动日期:</strong> 2025-09-29</p>
|
||
<p class="text-slate-200 font-medium">核心结论: 由“华为昇腾”产业链爆发性舆情所引发，通过“名称相似性”进行映射式投机炒作的典型案例。</p>
|
||
<div x-show="expanded" x-collapse>
|
||
<p class="text-sm mt-2"><strong>驱动逻辑:</strong> 彭博社报道昇腾910C计划2026年产量翻倍，引爆产业链。昇辉科技因名称与“昇腾”高度相似，成为资金进行“映射炒作”的载体，其自身的重大资产重组事项则提供了背景故事。</p>
|
||
</div>
|
||
<button @click="expanded = !expanded" class="btn btn-xs btn-outline btn-info">详情</button>
|
||
</div>
|
||
|
||
<div class="glass-card p-6 space-y-3" x-data="{ expanded: false }">
|
||
<div class="flex justify-between items-center">
|
||
<h3 class="font-bold text-xl text-sky-300">天润科技 (430564)</h3>
|
||
<div class="badge badge-error gap-2">+30.0%</div>
|
||
</div>
|
||
<p class="text-sm text-slate-400"><strong>异动日期:</strong> 2025-07-25</p>
|
||
<p class="text-slate-200 font-medium">核心结论: 北交所“华为昇腾AI算力”主题二次扩散，天润科技凭已落地的昇腾认证与Atlas 800订单成为资金首选小市值补涨标的。</p>
|
||
<div x-show="expanded" x-collapse>
|
||
<p class="text-sm mt-2"><strong>驱动逻辑:</strong> WAIC大会首展昇腾384超节点催化。公司已获昇腾兼容性认证并部署Atlas 800服务器，且中标项目指定该硬件，逻辑被资金认可。流通市值小，弹性大。</p>
|
||
</div>
|
||
<button @click="expanded = !expanded" class="btn btn-xs btn-outline btn-info">详情</button>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
</main>
|
||
|
||
<!-- Footer / Disclaimer -->
|
||
<footer class="mt-16">
|
||
<div class="disclaimer">
|
||
<p>北京价值前沿科技有限公司 AI投研agent：“价小前投研” 进行投研呈现</p>
|
||
<p>本报告基于公开数据由AI合成，不构成任何投资建议，投资需谨慎。</p>
|
||
</div>
|
||
</footer>
|
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|
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|
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