421 lines
34 KiB
HTML
421 lines
34 KiB
HTML
<!DOCTYPE html>
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<title>谷歌概念 - 深度投研报告</title>
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font-family: 'Noto Sans SC', sans-serif;
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<body class="text-gray-300">
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<div class="min-h-screen p-4 sm:p-6 lg:p-8">
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<div class="max-w-7xl mx-auto space-y-12">
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<!-- Header -->
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<header class="text-center py-8">
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<h1 class="text-4xl sm:text-5xl md:text-6xl font-bold glow-text bg-clip-text text-transparent bg-gradient-to-r from-sky-300 to-violet-400">
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谷歌概念
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</h1>
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<p class="mt-4 text-lg text-gray-400">深度投研报告</p>
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<p class="mt-2 text-xs text-gray-500">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，本报告为AI合成数据，投资需谨慎。</p>
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</header>
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<!-- Insight Section - Bento Grid -->
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<main x-data="{}">
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<h2 class="text-3xl font-bold mb-6 section-title glow-text text-gray-100">概念洞察 (Concept Insight)</h2>
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<div class="grid grid-cols-1 lg:grid-cols-3 gap-6">
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<!-- Core Logic -->
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<div class="lg:col-span-2 glass-card rounded-2xl p-6">
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<h3 class="text-xl font-semibold mb-4 text-sky-300">核心观点：从AI防御到算力进攻的战略蜕变</h3>
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<p class="text-gray-300 leading-relaxed">“谷歌概念”已从最初的AI防御战，演变为一场以<strong class="highlight-text">自研TPU算力商业化</strong>为核心、<strong class="highlight-text">顶级AI模型能力</strong>为驱动的全面进攻。其本质是AI基础设施军备竞赛中，一个足以挑战NVIDIA垄断地位的<strong class="highlight-key">新生态系统</strong>的崛起。当前，该概念的核心投资逻辑正从对谷歌自身价值的重估，迅速扩散至对其背后高确定性、高增长的<strong class="highlight-key">硬件供应链（“谷歌链”）</strong>的深度挖掘。</p>
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</div>
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<!-- Key Drivers -->
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<div class="glass-card rounded-2xl p-6">
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<h3 class="text-xl font-semibold mb-4 text-sky-300">核心驱动力</h3>
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<ul class="space-y-3 text-sm">
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<li><strong>技术闭环飞轮：</strong> 终端(安卓/搜索) → 应用(全家桶) → 模型(Gemini) → 算力(TPU) 的完美闭环。</li>
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<li><strong>算力“第二极”：</strong> TPU对外销售，打破NVIDIA垄断，为全球AI提供新算力选择。</li>
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<li><strong>资本开支爆发：</strong> 年指引上修至 <strong class="highlight-text">910-930亿美元</strong>，为硬件供应链提供极高业绩能见度。</li>
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</ul>
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</div>
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<!-- Market Perception & Discrepancy -->
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<div class="lg:col-span-3 glass-card rounded-2xl p-6">
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<h3 class="text-xl font-semibold mb-4 text-sky-300">市场认知与预期差分析</h3>
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<div class="grid md:grid-cols-3 gap-6 text-sm">
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<div>
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<h4 class="font-bold text-teal-300">市场热度：高度乐观</h4>
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<p class="mt-2">新闻密集报道、研报一致看多、A股已形成独立的“谷歌链”板块，资金高度认同其投资逻辑，但估值仍处低位（PE约 <strong class="highlight-text">13倍</strong>）。</p>
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</div>
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<div>
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<h4 class="font-bold text-amber-300">预期差1：AI应用层“软肋”</h4>
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<p class="mt-2">市场聚焦于强大的模型和硬件，但可能忽略了其产品化和用户体验的相对短板（如AI手机应用识别率 <strong class="highlight-key">30%</strong> vs 苹果 <strong class="highlight-key">80%</strong>），这是潜在风险点。</p>
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</div>
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<div>
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<h4 class="font-bold text-emerald-300">预期差2：商业模式快速演进</h4>
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<p class="mt-2">市场对AI搜索侵蚀广告收入的担忧已逆转。最新数据显示AI不仅未挤占收入，反而<strong class="highlight-text">带来增量</strong>。这一从负面冲击到正面贡献的转变，是市场可能尚未充分定价的巨大利好。</p>
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</div>
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</div>
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</div>
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<!-- Catalysts -->
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<div class="glass-card rounded-2xl p-6">
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<h3 class="text-xl font-semibold mb-4 text-sky-300">近期关键催化剂</h3>
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<ul class="space-y-3 text-sm list-disc list-inside">
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<li><strong class="text-teal-300">模型发布:</strong> Gemini 3.0正式版及API商业化定价。</li>
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<li><strong class="text-teal-300">订单确认:</strong> TPU v7大规模部署及与Meta、Anthropic等外部客户的供应合同官宣。</li>
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<li><strong class="text-teal-300">财报指引:</strong> Q4财报披露的Capex执行情况及2026年明确指引。</li>
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<li><strong class="text-teal-300">监管落地:</strong> 美国司法部(DOJ)反垄断案最终判决（预计2025年3月）。</li>
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</ul>
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</div>
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<!-- Capex Chart -->
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<div class="lg:col-span-2 glass-card rounded-2xl p-6">
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<h3 class="text-xl font-semibold mb-4 text-sky-300">资本开支（Capex）指引变化</h3>
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<div id="capexChart" class="w-full h-64"></div>
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</div>
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<!-- Industry Chain -->
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<div class="lg:col-span-3 glass-card rounded-2xl p-6">
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<h3 class="text-xl font-semibold mb-4 text-sky-300">产业链图谱与核心环节</h3>
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<p class="mb-4 text-sm">当前最具投资价值的环节是 <strong class="highlight-text">AI硬件产业链</strong>，特别是为 <strong class="highlight-key">TPU+OCS架构</strong> 提供核心增量部件的领域，具备需求确定性高、竞争格局好、价值量提升显著等特点。</p>
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<div class="overflow-x-auto">
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<table class="table table-sm">
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<thead>
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<tr class="text-teal-300">
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<th>产业链环节</th>
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<th>核心技术/组件</th>
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<th>关键价值点</th>
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<th>代表公司（示例）</th>
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</tr>
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</thead>
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<tbody>
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<tr>
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<td rowspan="2" class="font-semibold">网络互联</td>
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<td>OCS光交换</td>
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<td>革命性架构，低延迟低功耗，价值量巨大</td>
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<td>腾景科技, 光库科技, 赛微电子</td>
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</tr>
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<tr>
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<td>光模块 (800G+)</td>
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<td>数据中心高速传输刚需，需求量确定</td>
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<td>中际旭创, 新易盛</td>
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</tr>
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<tr>
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<td rowspan="2" class="font-semibold">服务器组件</td>
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<td>PCB</td>
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<td>承载TPU及高速互联，材料和层数升级</td>
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<td>沪电股份, 胜宏科技</td>
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</tr>
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<tr>
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<td>电源</td>
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<td>单芯片功耗激增 (v7达400-1000W)，电源需求量价齐升</td>
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<td>新雷能, 中富电路</td>
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</tr>
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<tr>
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<td class="font-semibold">AI应用与服务</td>
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<td>AI营销/文生图</td>
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<td>直接受益于Gemini模型能力溢出</td>
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<td>易点天下, 万兴科技</td>
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</tr>
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</tbody>
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</table>
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</div>
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</div>
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<!-- Risks -->
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<div class="lg:col-span-3 glass-card rounded-2xl p-6">
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<h3 class="text-xl font-semibold mb-4 text-rose-400">潜在风险与挑战</h3>
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<div class="grid md:grid-cols-2 lg:grid-cols-4 gap-4 text-sm">
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<div class="border-l-2 border-rose-500 pl-3">
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<h4 class="font-bold">技术风险</h4>
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<p class="mt-1">模型迭代快，领先地位非永久；代码生成、多工具调用等短板待补齐。</p>
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</div>
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<div class="border-l-2 border-rose-500 pl-3">
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<h4 class="font-bold">商业化风险</h4>
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<p class="mt-1">AI应用层产品体验仍是短板，技术优势向付费应用的转化路径尚不清晰。</p>
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</div>
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<div class="border-l-2 border-rose-500 pl-3">
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<h4 class="font-bold">政策与竞争风险</h4>
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<p class="mt-1">DOJ反垄断案是最大外部不确定性；与巨头的军备竞赛持续压制利润率。</p>
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</div>
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<div class="border-l-2 border-rose-500 pl-3">
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<h4 class="font-bold">信息交叉验证风险</h4>
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<p class="mt-1">部分产业链公司关联度可能被夸大，需警惕题材映射而非直接订单驱动的逻辑风险。</p>
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</div>
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</div>
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</div>
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</div>
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<!-- Supporting Data Section -->
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<div class="mt-12 space-y-4" x-data="{ open: '' }">
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<h2 class="text-3xl font-bold mb-6 section-title glow-text text-gray-100">核心情报摘要 (Intelligence Briefing)</h2>
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<!-- News -->
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<div class="glass-card rounded-2xl collapse collapse-arrow">
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<input type="radio" name="my-accordion-1" @click="open = (open === 'news' ? '' : 'news')" />
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<div class="collapse-title text-xl font-medium text-sky-300">新闻数据洞察</div>
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<div class="collapse-content px-6 pt-4">
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<ul class="list-disc space-y-2 text-gray-300 text-sm">
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<li><strong>全栈战略：</strong> 算力(TPU)+模型(Gemini)+应用三管齐下，构建AI飞轮，全栈能力引领算力概念反攻。</li>
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<li><strong>Gemini 3登顶：</strong> 在LMArena以历史最高分登顶，被认为超越GPT-5.1，体现了谷歌在多模态、算力储备和数据优势上的积累。</li>
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<li><strong>Nano Banana Pro突破：</strong> 惊艳亮相，支持将2D图像直接转化为3D打印模型，刺激3D打印概念。</li>
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<li><strong>TPU商业化：</strong> 谷歌计划向外部数据中心（如Meta, Anthropic）销售或租赁TPU，成为NVIDIA外新的算力解决方案。分析预测每售出50万片可为云业务增收130亿美元。</li>
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<li><strong>OCS光交换：</strong> 用于连接TPU芯片组，采用光纤直连，提高集群效率，增加光器件和光开关的价值量。</li>
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<li><strong>资本开支激增：</strong> 1Q25资本开支172亿美元，yoy+43.2%，超预期。近期上修全年Capex指引至910-930亿美元，并指引CY26将大幅增加。</li>
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<li><strong>监管压力：</strong> 同时面临美国司法部反垄断诉讼和欧盟调查，是公司面临的主要外部风险。</li>
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</ul>
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</div>
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</div>
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<!-- Roadshows -->
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<div class="glass-card rounded-2xl collapse collapse-arrow">
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<input type="radio" name="my-accordion-1" @click="open = (open === 'roadshows' ? '' : 'roadshows')" />
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<div class="collapse-title text-xl font-medium text-sky-300">路演纪要精粹</div>
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<div class="collapse-content px-6 pt-4">
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<ul class="list-disc space-y-2 text-gray-300 text-sm">
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<li><strong>业绩与Capex：</strong> Q3业绩强劲，搜索收入创近三年最快增速。管理层确认“AI未挤占收入，反而带来增量”。2025年CapEx指引上调至910-930亿美元，2026年将“显著更高”。</li>
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<li><strong>Token消耗量激增：</strong> 月均Token处理量9月已达1300万亿，主要由AI搜索驱动，算力需求巨大。</li>
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<li><strong>TPU需求上修：</strong> 2026年TPU需求指引由400万颗上调至450–500万颗，强化硬件供应链景气度。</li>
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<li><strong>产品短板：</strong> 早期路演显示，Gemini在应用识别率（仅30%）和代码生成能力上仍落后于竞品，产品体验有待提升。</li>
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<li><strong>云业务差异化：</strong> 谷歌云凭借Gemini模型实现差异化，利润率快速提升（由11%升至21%），积压订单Bedrock达1060亿美元。</li>
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<li><strong>生态竞争：</strong> 在AI手机领域，第三方应用控制能力是与苹果竞争的关键战场，目前谷歌处于追赶位置。</li>
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</ul>
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</div>
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</div>
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<!-- Research Reports -->
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<div class="glass-card rounded-2xl collapse collapse-arrow">
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<input type="radio" name="my-accordion-1" @click="open = (open === 'reports' ? '' : 'reports')" />
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<div class="collapse-title text-xl font-medium text-sky-300">核心研报摘要</div>
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<div class="collapse-content px-6 pt-4">
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<ul class="list-disc space-y-2 text-gray-300 text-sm">
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<li><strong>Gemini用户激增：</strong> 用户规模从2024年5月前不足3亿迅速增长至7月的7亿。传闻Gemini 3.0将于年底发布，性能有望超越GPT-5。</li>
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<li><strong>量子计算突破：</strong> 在Nature发表新型量子算法“量子回声”，在105量子比特芯片上演示了可验证的量子优势，再次验证超导路线。</li>
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<li><strong>反垄断案进展：</strong> 法院裁定谷歌搜索业务违反反垄断法，禁止签订排他性分销协议，但驳回了分拆提案。最终判决预计2025年3月做出。</li>
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<li><strong>估值吸引力：</strong> BofA认为其估值已反映核心业务挑战，基于2025年P/E仅为13倍，远低于标普500，维持“买入”评级。</li>
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<li><strong>增长动力：</strong> 广告业务韧性超预期，云服务、Waymo和YouTube增长势头强劲，价值未被充分认可。</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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<!-- Stock Table -->
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<div class="mt-12">
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<h2 class="text-3xl font-bold mb-6 section-title glow-text text-gray-100">核心产业链及相关标的</h2>
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<div class="overflow-x-auto glass-card rounded-2xl p-1">
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<table class="table table-zebra table-sm">
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<thead>
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<tr class="text-base text-sky-300">
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<th>主分类</th>
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<th>子分类</th>
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<th>股票名称</th>
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<th>股票代码</th>
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<th>核心关联逻辑</th>
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</tr>
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</thead>
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<tbody id="stock-table-body">
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<!-- JS will populate this -->
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</tbody>
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</table>
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</div>
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</div>
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</main>
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</div>
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</div>
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<script>
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const stockDataRaw = [
|
||
{"stock": "蓝色光标", "reason": "谷歌的合作伙伴,通过运用谷歌营销产品,实现出海价值", "其他标签": "AI应用, AI营销", "stock_code": "300058"},
|
||
{"stock": "省广集团", "reason": "旗下上海拓畅拥有谷歌国内和海外核心代理商资质双牌照", "其他标签": "AI应用, AI营销", "stock_code": "002400"},
|
||
{"stock": "浙大网新", "reason": "参股公司趣链和谷歌签订区块链技术采购合约,开展正常业务合作", "其他标签": "AI应用, AI营销", "stock_code": "600797"},
|
||
{"stock": "迅游科技", "reason": "公司子公司狮之吼成为谷歌CCP代理牌照授权的首批获得者", "其他标签": "AI应用, AI营销", "stock_code": "300467"},
|
||
{"stock": "易点天下", "reason": "公司是Google广告在国内的一级代理,提供一站式的H5广告变现方案;公司是GCP的代理,并在云技术,ai技术和大模型产品上都有广泛的合作;公司是国内首批接入Gemini的公司", "其他标签": "AI应用, AI营销", "stock_code": "301171"},
|
||
{"stock": "久其软件", "reason": "公司在数字传播业务领域是Google的一级代理商", "其他标签": "AI应用, AI营销", "stock_code": "002279"},
|
||
{"stock": "视觉中国", "reason": "公司收购的500px公司(国际知名的线上摄影社区)服务的客户包含谷歌", "其他标签": "AI应用, 文/图/生视频", "stock_code": "000681"},
|
||
{"stock": "万兴科技", "reason": "公司已接入谷歌Gemini、Veo、Nano banana等模型", "其他标签": "AI应用, 文/图/生视频", "stock_code": "300624"},
|
||
{"stock": "海天瑞声", "reason": "Google是公司重要客户,公司为其提供过语音以及文本相关的数据产品或服务", "其他标签": "AI应用, 文/图/生视频", "stock_code": "688787"},
|
||
{"stock": "中文在线", "reason": "属于'漫剧(降本)'分类", "其他标签": "AI应用, 漫剧(降本)", "stock_code": "300364"},
|
||
{"stock": "欢瑞世纪", "reason": "属于'漫剧(降本)'分类", "其他标签": "AI应用, 漫剧(降本)", "stock_code": "000892"},
|
||
{"stock": "海看股份", "reason": "属于'漫剧(降本)'分类", "其他标签": "AI应用, 漫剧(降本)", "stock_code": "301262"},
|
||
{"stock": "掌阅科技", "reason": "属于'漫剧(降本)'分类", "其他标签": "AI应用, 漫剧(降本)", "stock_code": "603533"},
|
||
{"stock": "捷成股份", "reason": "属于'漫剧(降本)'分类", "其他标签": "AI应用, 漫剧(降本)", "stock_code": "300182"},
|
||
{"stock": "兆驰股份", "reason": "属于'漫剧(降本)'分类", "其他标签": "AI应用, 漫剧(降本)", "stock_code": "002429"},
|
||
{"stock": "华策影视", "reason": "属于'漫剧(降本)'分类", "其他标签": "AI应用, 漫剧(降本)", "stock_code": "300133"},
|
||
{"stock": "矩阵股份", "reason": "属于'AI设计'分类", "其他标签": "AI应用, Nano Banana(映射), AI设计", "stock_code": "301365"},
|
||
{"stock": "郑中设计", "reason": "属于'AI设计'分类", "其他标签": "AI应用, Nano Banana(映射), AI设计", "stock_code": "002811"},
|
||
{"stock": "尚品宅配", "reason": "属于'AI设计'分类", "其他标签": "AI应用, Nano Banana(映射), AI设计", "stock_code": "300616"},
|
||
{"stock": "启迪设计", "reason": "属于'AI设计'分类", "其他标签": "AI应用, Nano Banana(映射), AI设计", "stock_code": "300500"},
|
||
{"stock": "柏星龙", "reason": "属于'AI设计'分类", "其他标签": "AI应用, Nano Banana(映射), AI设计", "stock_code": "920075"},
|
||
{"stock": "利安科技", "reason": "属于'3D打印'分类", "其他标签": "AI应用, Nano Banana(映射), 3D打印", "stock_code": "300784"},
|
||
{"stock": "惠通科技", "reason": "属于'3D打印'分类", "其他标签": "AI应用, Nano Banana(映射), 3D打印", "stock_code": "301601"},
|
||
{"stock": "中仑新材", "reason": "属于'3D打印'分类", "其他标签": "AI应用, Nano Banana(映射), 3D打印", "stock_code": "301565"},
|
||
{"stock": "家联科技", "reason": "属于'3D打印'分类", "其他标签": "AI应用, Nano Banana(映射), 3D打印", "stock_code": "301193"},
|
||
{"stock": "海正生材", "reason": "属于'3D打印'分类", "其他标签": "AI应用, Nano Banana(映射), 3D打印", "stock_code": "688203"},
|
||
{"stock": "聚石化学", "reason": "属于'3D打印'分类", "其他标签": "AI应用, Nano Banana(映射), 3D打印", "stock_code": "688669"},
|
||
{"stock": "瑞丰高材", "reason": "属于'3D打印'分类", "其他标签": "AI应用, Nano Banana(映射), 3D打印", "stock_code": "300243"},
|
||
{"stock": "金丹科技", "reason": "属于'3D打印'分类", "其他标签": "AI应用, Nano Banana(映射), 3D打印", "stock_code": "300829"},
|
||
{"stock": "兴业股份", "reason": "属于'3D打印'分类", "其他标签": "AI应用, Nano Banana(映射), 3D打印", "stock_code": "603928"},
|
||
{"stock": "长江材料", "reason": "属于'3D打印'分类", "其他标签": "AI应用, Nano Banana(映射), 3D打印", "stock_code": "001296"},
|
||
{"stock": "高乐股份", "reason": "属于'3D打印'分类", "其他标签": "AI应用, Nano Banana(映射), 3D打印", "stock_code": "002348"},
|
||
{"stock": "冀凯股份", "reason": "属于'3D打印'分类", "其他标签": "AI应用, Nano Banana(映射), 3D打印", "stock_code": "002691"},
|
||
{"stock": "华曙高科", "reason": "属于'3D打印'分类", "其他标签": "AI应用, Nano Banana(映射), 3D打印", "stock_code": "688433"},
|
||
{"stock": "金橙子", "reason": "属于'3D打印'分类", "其他标签": "AI应用, Nano Banana(映射), 3D打印", "stock_code": "688291"},
|
||
{"stock": "爱司凯", "reason": "属于'3D打印'分类", "其他标签": "AI应用, Nano Banana(映射), 3D打印", "stock_code": "300521"},
|
||
{"stock": "光韵达", "reason": "属于'3D打印'分类", "其他标签": "AI应用, Nano Banana(映射), 3D打印", "stock_code": "300227"},
|
||
{"stock": "金太阳", "reason": "属于'3D打印'分类", "其他标签": "AI应用, Nano Banana(映射), 3D打印", "stock_code": "300606"},
|
||
{"stock": "赛微电子", "reason": "瑞典Silex(公司参股45.24%)于2023年并收到某客户发出的批量采购订单,进行MEMS-OCS的商业化规模量产;网传该客户为谷歌", "其他标签": "AI硬件, OCS", "stock_code": "300456"},
|
||
{"stock": "腾景科技", "reason": "谷歌OCS交换机的核心光学器件供应商,业务收入占比已达28%", "其他标签": "AI硬件, OCS", "stock_code": "688195"},
|
||
{"stock": "光库科技", "reason": "2025年6月份并购的武汉捷普工厂,是过去谷歌OCS交换机方案的独家代工厂商", "其他标签": "AI硬件, OCS", "stock_code": "300620"},
|
||
{"stock": "德科立", "reason": "谷歌10台OCS样机订单预计2025年底前交付完毕,单价25万美元/台", "其他标签": "AI硬件, OCS", "stock_code": "688205"},
|
||
{"stock": "炬光科技", "reason": "二维microlens微透镜阵列,276通道*1美金", "其他标签": "AI硬件, OCS", "stock_code": "688167"},
|
||
{"stock": "太辰光", "reason": "FAU单机1000美金给康宁,间接供应google", "其他标签": "AI硬件, OCS", "stock_code": "300570"},
|
||
{"stock": "福晶科技", "reason": "谷歌MEMS方案和Cohr的液晶方案都需要使用钒酸钇晶体及器件,特别是液晶方案单台价值量接近10万,法拉第旋片被Cohr占据,公司在钒酸钇晶体和法拉第旋片耕耘多年", "其他标签": "AI硬件, OCS", "stock_code": "002222"},
|
||
{"stock": "凌云光", "reason": "公司代理(Huber+Suhner/Polatis中国代理商)的OCS产品属于压电陶瓷技术路线,公司与谷歌基于OCS业务没有直接的交流与合作", "其他标签": "AI硬件, OCS", "stock_code": "688400"},
|
||
{"stock": "中际旭创", "reason": "供货谷歌800G光模块份额A股第一,2025年谷歌光模块采购量约350万只,中际旭创占其采购份额的70%", "其他标签": "AI硬件, 光模块", "stock_code": "300308"},
|
||
{"stock": "新易盛", "reason": "供货谷歌800G光模块份额A股第二,2025年首次切入谷歌800G供应链", "其他标签": "AI硬件, 光模块", "stock_code": "300502"},
|
||
{"stock": "长芯博创", "reason": "800G硅光模块已通过谷歌多轮验证,计划2025年第三季度量产,预计年出货量超50万只", "其他标签": "AI硬件, 光模块", "stock_code": "300548"},
|
||
{"stock": "特发信息", "reason": "2024年在谷歌体内MPO份额10%", "其他标签": "AI硬件, 光模块", "stock_code": "000070"},
|
||
{"stock": "鼎通科技", "reason": "供货谷歌MPO份额10%", "其他标签": "AI硬件, 光模块", "stock_code": "688668"},
|
||
{"stock": "英维克", "reason": "公司推出基于谷歌Deschutes 5 CDU规格的CDU产品,同时展示26MW全链路液冷案例,支持超过2.6万台液冷节点部署", "其他标签": "AI硬件, 液冷散热", "stock_code": "002837"},
|
||
{"stock": "博杰股份", "reason": "AI服务器测试业务客户谷歌", "其他标签": "AI硬件, AI服务器测试", "stock_code": "002975"},
|
||
{"stock": "长飞光纤", "reason": "供货谷歌光纤份额60%,A股第一", "其他标签": "AI硬件, 光纤", "stock_code": "601869"},
|
||
{"stock": "亨通光电", "reason": "间接供货谷歌光纤", "其他标签": "AI硬件, 光纤", "stock_code": "600487"},
|
||
{"stock": "烽火通信", "reason": "间接供货谷歌光纤", "其他标签": "AI硬件, 光纤", "stock_code": "600498"},
|
||
{"stock": "长芯博创", "reason": "通过其子公司长芯盛和安费诺间接向谷歌供货光纤产品", "其他标签": "AI硬件, 光纤", "stock_code": "300548"},
|
||
{"stock": "沪电股份", "reason": "供货谷歌PCB份额A股第一,谷歌TPU PCB的核心供应商,在谷歌TPU供应商中占比约30%,仅次于ISU的40%", "其他标签": "AI硬件, PCB", "stock_code": "002463"},
|
||
{"stock": "胜宏科技", "reason": "谷歌V7大份额一供", "其他标签": "AI硬件, PCB", "stock_code": "300476"},
|
||
{"stock": "中富电路", "reason": "为谷歌TPU供应电源解决方案直流电源转换模块,是谷歌TPU电源模块PCB的核心供应商", "其他标签": "AI硬件, PCB", "stock_code": "300814"},
|
||
{"stock": "麦格米特", "reason": "通过施耐德间接供货谷歌电源产品", "其他标签": "AI硬件, 电源", "stock_code": "002851"},
|
||
{"stock": "新雷能", "reason": "成功切入谷歌TPU(V7)电源供应链,;与ADI合作的电源模块已进入谷歌TPU服务器量产阶段,目前整体意向订单超过5亿美金", "其他标签": "AI硬件, 电源", "stock_code": "300593"},
|
||
{"stock": "欧陆通", "reason": "此前送样谷歌,有望实质性突破拿到code", "其他标签": "AI硬件, 电源", "stock_code": "300870"},
|
||
{"stock": "东材科技", "reason": "谷歌TPU从M8材料升级M9材料,其新一代CCL主力供应商由松下改为台光;公司是台光核心高速碳氢+PPO树脂主力供应商", "其他标签": "AI硬件, M9材料", "stock_code": "601208"},
|
||
{"stock": "铂科新材", "reason": "供应电感", "其他标签": "AI硬件, 电感", "stock_code": "300811"}
|
||
];
|
||
|
||
document.addEventListener('DOMContentLoaded', function () {
|
||
// Capex Chart
|
||
const capexChartDom = document.getElementById('capexChart');
|
||
const capexChart = echarts.init(capexChartDom);
|
||
const option = {
|
||
tooltip: { trigger: 'axis', axisPointer: { type: 'shadow' } },
|
||
grid: { left: '3%', right: '4%', bottom: '3%', containLabel: true },
|
||
xAxis: [{ type: 'category', data: ['2025 Q1', '2025 指引(初)', '2025 指引(上修)', '2026 展望'], axisTick: { alignWithLabel: true }, axisLabel: { color: '#9ca3af' } }],
|
||
yAxis: [{ type: 'value', name: '亿美元', axisLabel: { color: '#9ca3af' }, nameTextStyle: { color: '#9ca3af' } }],
|
||
series: [{
|
||
name: '资本开支',
|
||
type: 'bar',
|
||
barWidth: '60%',
|
||
data: [172, 750, 920, null], // 2026 is qualitative
|
||
itemStyle: { color: new echarts.graphic.LinearGradient(0, 0, 0, 1, [{ offset: 0, color: '#2dd4bf' }, { offset: 1, color: '#0ea5e9' }]) }
|
||
}],
|
||
textStyle: { fontFamily: 'Noto Sans SC' }
|
||
};
|
||
capexChart.setOption(option);
|
||
window.addEventListener('resize', () => capexChart.resize());
|
||
|
||
// Stock Table population
|
||
const stockTableBody = document.getElementById('stock-table-body');
|
||
|
||
// Deduplicate and process stock data
|
||
const uniqueStocks = Array.from(new Map(stockDataRaw.map(item => [item.stock_code, item])).values());
|
||
|
||
// Group by tags
|
||
const groupedStocks = uniqueStocks.reduce((acc, stock) => {
|
||
const tags = stock['其他标签'] ? stock['其他标签'].split(',').map(t => t.trim()) : ['未分类'];
|
||
const mainCat = tags[0] || '未分类';
|
||
const subCat = tags.slice(1).join(', ') || '核心';
|
||
|
||
if (!acc[mainCat]) {
|
||
acc[mainCat] = {};
|
||
}
|
||
if (!acc[mainCat][subCat]) {
|
||
acc[mainCat][subCat] = [];
|
||
}
|
||
acc[mainCat][subCat].push(stock);
|
||
return acc;
|
||
}, {});
|
||
|
||
let html = '';
|
||
for (const mainCat in groupedStocks) {
|
||
const subGroups = groupedStocks[mainCat];
|
||
const mainCatRowCount = Object.values(subGroups).reduce((sum, stocks) => sum + stocks.length, 0);
|
||
let isFirstMainRow = true;
|
||
|
||
for (const subCat in subGroups) {
|
||
const stocks = subGroups[subCat];
|
||
const subCatRowCount = stocks.length;
|
||
let isFirstSubRow = true;
|
||
|
||
stocks.forEach(stock => {
|
||
html += `<tr>`;
|
||
if (isFirstMainRow) {
|
||
html += `<td rowspan="${mainCatRowCount}" class="font-bold align-top pt-3 text-base text-gray-200">${mainCat}</td>`;
|
||
isFirstMainRow = false;
|
||
}
|
||
if (isFirstSubRow) {
|
||
html += `<td rowspan="${subCatRowCount}" class="align-top pt-3 text-teal-300">${subCat}</td>`;
|
||
isFirstSubRow = false;
|
||
}
|
||
html += `<td class="font-semibold">${stock.stock}</td>`;
|
||
html += `<td><a href="https://valuefrontier.cn/company?scode=${stock.stock_code}" target="_blank" class="link link-hover text-sky-400">${stock.stock_code}</a></td>`;
|
||
html += `<td class="text-xs max-w-sm">${stock.reason || 'N/A'}</td>`;
|
||
html += `</tr>`;
|
||
});
|
||
}
|
||
}
|
||
stockTableBody.innerHTML = html;
|
||
});
|
||
</script>
|
||
|
||
</body>
|
||
</html> |