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陈长春
陈长春
·
05-19 14:18
,
“财报魔咒”难破?英伟达股价绩前回调,期权多头艰难闯关
智通财经APP获悉,本周市场目光聚焦AI巨头英伟达,公司将于5月20日(周三)美股盘后公布2027财年一季度财报。而在财报靴子落地前夕,英伟达股价大幅回调,多头陷入艰难的逆势博弈之中。英伟达股价周一走低,较上周四的高点下跌超过6.5%,这让英伟达期权交易者再度迎来艰难交易日,大批热门短期看涨合约价值再度大幅缩水甚至直接归零。截至周一收盘,英伟达跌1.33%,报222.32美元,年内股价累计上涨19%。
“财报魔咒”难破?英伟达股价绩前回调,期权多头艰难闯关
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陈长春
陈长春
·
2025-10-27
说说你对这篇新闻的看法...
量子计算怎么一下子成了“国家安全”下一个战场?
美国主要上市量子计算公司IonQ等公司实现技术突破,业内预测3-5年内可达"量子优势"临界点。量子计算机能轻松破解现有加密体系,威胁政府、金融等关键领域安全。美国通过立法要求联邦机构升级抗量子加密,科技巨头与金融机构加速布局,这已成为继半导体后又一国家安全战场。
量子计算怎么一下子成了“国家安全”下一个战场?
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陈长春
陈长春
·
2025-07-07
我反对,马斯克应该把他的精力放在他的企业上
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陈长春
陈长春
·
2025-07-03
暗盘长15%
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陈长春
陈长春
·
2025-06-11
可以的
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陈长春
陈长春
·
2025-06-05
感觉有点不妙
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陈长春
陈长春
·
2025-05-09
完全同意
摩根士丹利:特斯拉是“AI+制造业”的最完美融合标的
“AI投资逻辑”近期在全球股票市场重新发酵。
摩根士丹利:特斯拉是“AI+制造业”的最完美融合标的
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陈长春
陈长春
·
2025-04-17
$台积电(TSM)$
技术遥遥领先长期看好
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陈长春
陈长春
·
2025-03-26
看好特斯拉长期趋势
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陈长春
陈长春
·
2025-03-05
英伟达和特斯拉长期投资应该都好[微笑]
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Lamborghini”,直白来说就是“沽空微权合约,终提兰博基尼”。</p><p>这句话精准概括了一种高胜率的期权交易策略:交易者卖出价格低廉、行权希望渺茫的虚值期权,稳稳赚取权利金。日积月累,靠这类小额收益便能积攒可观利润。而与之相对的,就是接手这些廉价期权、最终血本无归的买方投资者。</p><p>而本周一英伟达的股价走势,正是这一交易逻辑最真实的写照。</p><p>英伟达股价周一走低,较上周四的高点下跌超过6.5%,这让英伟达期权交易者再度迎来艰难交易日,大批热门短期看涨合约价值再度大幅缩水甚至直接归零。</p><p>SpotGamma汇编的数据显示,截至周一中午,英伟达期权交易中超过15%的合约将于当日收盘时到期。其中最热门的合约包括行权价为225美元和222.5美元的看涨期权,交易量均超过22万张。令人唏嘘的是,这类合约上周五尚且处于实值盈利状态,仅仅一个交易日便因股价回调沦为废纸,一文不值。这与上周五的情况如出一辙,当时行权价为235美元的看涨期权、共计1.14亿美元权利金因英伟达股价回落而悉数蒸发,跟风押注的短线投资者损失惨重。</p><p>尽管股价持续走弱、短期期权频频“爆雷”,但多头并未投降。周一,英伟达期权交易量位居市场第五,仅次于基准股指和<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>,成交量超过300万份合约,期权总权利金规模突破13亿美元,其中看涨期权占比高达10亿美元。</p><p>根据 ThinkOrSwim 的数据,周一英伟达看涨期权的成交量是看跌期权的两倍多,但多数看涨期权以买一价或更低价位成交,这意味着这些看涨期权大概率是被投资者抛售,而非主动买入。</p><p>即便如此,市场中仍有坚定的多头力量在逆势布局。当日四笔超大额英伟达期权交易,均为多头资金大手笔买入本周五到期的高价实值看涨期权,单笔交易金额均不低于 1000 万美元。侧面反映出部分专业投资者依然看好英伟达财报表现,愿意押注业绩超预期带来的股价反弹。</p><p>根据<a href=\"https://laohu8.com/S/CBOE\">芝加哥期权交易所</a> (Cboe) LiveVol 的数据,交易者预计英伟达财报前后股价波动幅度可达6.25%,与通常预期基本持平,但高于3.2%的平均实际波动幅度。</p><p>对于当前手握看涨期权的投资者而言,局势尤为严峻。历史数据显示,英伟达近三次财报披露后股价均下跌,其中今年2月财报出炉后股价大跌5.5%,“财报魔咒”的阴影持续笼罩。多头想要在本次财报中逆风翻盘,难度可想而知。</p><h2 id=\"id_2879603981\">英伟达财报有多重要?</h2><p>归根结底,英伟达财报前夕的期权博弈,本质上是市场对AI龙头未来走势的分歧体现。</p><p>周三美股盘后,随着财报靴子的落地,这场多空博弈将迎来阶段性答案,而英伟达的业绩表现不仅影响自身股价,更将成为AI赛道以及整体科技股的“风向标”,引领后续行情走向。</p><p>市场普遍预期,英伟达第一季度每股收益(EPS)为1.76美元,营收为787.5亿美元,远高于该公司上年同期的0.96美元每股收益和440.6亿美元营收。数据中心业务收入有望达到728.5亿美元,远高于上年同期的391.1亿美元。</p><p>据报道,财报公布前夕,多家华尔街大行对英伟达持乐观看法并上调目标价:美国银行将英伟达目标价由300美元上调至320美元,<a href=\"https://laohu8.com/S/WFC\">富国银行</a>将目标价从265美元大幅上调至315美元;瑞银则将目标价从245美元上调至275美元;<a href=\"https://laohu8.com/S/MS\">摩根士丹利</a>将目标价由260美元上调至285美元。</p><p>值得注意的是,此前英伟达首席执行官黄仁勋随同美方高层完成访华行程,此次财报会上有关对华合作布局的言论将成为市场焦点。</p><p>此前有消息称,美方已批准<a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a>、<a href=\"https://laohu8.com/S/00700\">腾讯</a>、字节跳动等行业巨头采购英伟达H200系列芯片,该消息也一度推动英伟达股价创下历史新高,市值突破5.7万亿美元大关。</p><p>不过,瑞银分析师Tim Arcuri指出,近几个月来,投资者一直持谨慎态度,只有一份绝对出色的财报才能彻底提振市场信心。</p><p>截至周一收盘,英伟达跌1.33%,报222.32美元,年内股价累计上涨19%。</p></body></html>","source":"stock_zhitongcaijing","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>“财报魔咒”难破?英伟达股价绩前回调,期权多头艰难闯关</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ 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}\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n“财报魔咒”难破?英伟达股价绩前回调,期权多头艰难闯关\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-19 11:08 北京时间 <a href=http://www.zhitongcaijing.com/content/detail/1443257.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>5月19日,本周市场目光聚焦AI巨头英伟达,公司将于5月20日(周三)美股盘后公布2027财年一季度财报。作为牵动科技赛道乃至大盘走向的核心风向标,英伟达业绩早已超越个股范畴,左右全市场投资情绪。而在财报靴子落地前夕,英伟达股价大幅回调,多头陷入艰难的逆势博弈之中。英伟达股价绩前下跌,多头逆势布局期权交易圈流传着一句经典行话:“Sell a tiny, buy a Lamborghini”,直白...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1443257.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3f1c866c487eb9e101f73a62d4495ce9","relate_stocks":{"LU2637965513.SGD":"BGF GLOBAL ALLOCATION \"A10\" (SGDHDG) INC","LU1791710400.SGD":"Fidelity Global Demographics A-ACC-SGD","LU0256863902.USD":"ALLIANZ US EQUITY \"AT\" (USD) ACC","LU2125909593.SGD":"Natixis Thematics Meta R/A 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Lamborghini”,直白来说就是“沽空微权合约,终提兰博基尼”。这句话精准概括了一种高胜率的期权交易策略:交易者卖出价格低廉、行权希望渺茫的虚值期权,稳稳赚取权利金。日积月累,靠这类小额收益便能积攒可观利润。而与之相对的,就是接手这些廉价期权、最终血本无归的买方投资者。而本周一英伟达的股价走势,正是这一交易逻辑最真实的写照。英伟达股价周一走低,较上周四的高点下跌超过6.5%,这让英伟达期权交易者再度迎来艰难交易日,大批热门短期看涨合约价值再度大幅缩水甚至直接归零。SpotGamma汇编的数据显示,截至周一中午,英伟达期权交易中超过15%的合约将于当日收盘时到期。其中最热门的合约包括行权价为225美元和222.5美元的看涨期权,交易量均超过22万张。令人唏嘘的是,这类合约上周五尚且处于实值盈利状态,仅仅一个交易日便因股价回调沦为废纸,一文不值。这与上周五的情况如出一辙,当时行权价为235美元的看涨期权、共计1.14亿美元权利金因英伟达股价回落而悉数蒸发,跟风押注的短线投资者损失惨重。尽管股价持续走弱、短期期权频频“爆雷”,但多头并未投降。周一,英伟达期权交易量位居市场第五,仅次于基准股指和特斯拉,成交量超过300万份合约,期权总权利金规模突破13亿美元,其中看涨期权占比高达10亿美元。根据 ThinkOrSwim 的数据,周一英伟达看涨期权的成交量是看跌期权的两倍多,但多数看涨期权以买一价或更低价位成交,这意味着这些看涨期权大概率是被投资者抛售,而非主动买入。即便如此,市场中仍有坚定的多头力量在逆势布局。当日四笔超大额英伟达期权交易,均为多头资金大手笔买入本周五到期的高价实值看涨期权,单笔交易金额均不低于 1000 万美元。侧面反映出部分专业投资者依然看好英伟达财报表现,愿意押注业绩超预期带来的股价反弹。根据芝加哥期权交易所 (Cboe) LiveVol 的数据,交易者预计英伟达财报前后股价波动幅度可达6.25%,与通常预期基本持平,但高于3.2%的平均实际波动幅度。对于当前手握看涨期权的投资者而言,局势尤为严峻。历史数据显示,英伟达近三次财报披露后股价均下跌,其中今年2月财报出炉后股价大跌5.5%,“财报魔咒”的阴影持续笼罩。多头想要在本次财报中逆风翻盘,难度可想而知。英伟达财报有多重要?归根结底,英伟达财报前夕的期权博弈,本质上是市场对AI龙头未来走势的分歧体现。周三美股盘后,随着财报靴子的落地,这场多空博弈将迎来阶段性答案,而英伟达的业绩表现不仅影响自身股价,更将成为AI赛道以及整体科技股的“风向标”,引领后续行情走向。市场普遍预期,英伟达第一季度每股收益(EPS)为1.76美元,营收为787.5亿美元,远高于该公司上年同期的0.96美元每股收益和440.6亿美元营收。数据中心业务收入有望达到728.5亿美元,远高于上年同期的391.1亿美元。据报道,财报公布前夕,多家华尔街大行对英伟达持乐观看法并上调目标价:美国银行将英伟达目标价由300美元上调至320美元,富国银行将目标价从265美元大幅上调至315美元;瑞银则将目标价从245美元上调至275美元;摩根士丹利将目标价由260美元上调至285美元。值得注意的是,此前英伟达首席执行官黄仁勋随同美方高层完成访华行程,此次财报会上有关对华合作布局的言论将成为市场焦点。此前有消息称,美方已批准阿里巴巴、腾讯、字节跳动等行业巨头采购英伟达H200系列芯片,该消息也一度推动英伟达股价创下历史新高,市值突破5.7万亿美元大关。不过,瑞银分析师Tim Arcuri指出,近几个月来,投资者一直持谨慎态度,只有一份绝对出色的财报才能彻底提振市场信心。截至周一收盘,英伟达跌1.33%,报222.32美元,年内股价累计上涨19%。","news_type":1,"symbols_score_info":{"NVDA":2,"NVDL":0.6,"07788":0.6,"NVDU":0.6,"NVDQ":0.6,"DIPS":0.6,"NVDS":0.6,"07388":0.6,"ANV":0.6,"NVDG":0.6,"NVDB":0.6,"NVD":0.6,"NVDW":0.6,"NVII":0.6,"NVDO":0.6,"NVDD":0.6,"NVDX":0.6,"NVDY":0.6,"NVYY":0.6}},"isVote":1,"tweetType":1,"viewCount":50,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":493625810018736,"gmtCreate":1761534979340,"gmtModify":1761534981495,"author":{"id":"3556584785566429","authorId":"3556584785566429","name":"陈长春","avatar":"https://static.tigerbbs.com/64d32bb6dade63de0e4e37fac61a4754","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3556584785566429","idStr":"3556584785566429"},"themes":[],"title":"","htmlText":"说说你对这篇新闻的看法...","listText":"说说你对这篇新闻的看法...","text":"说说你对这篇新闻的看法...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/493625810018736","repostId":"2578627476","repostType":2,"repost":{"id":"2578627476","kind":"news","pubTimestamp":1761534006,"share":"https://www.laohu8.com/m/news/2578627476?lang=zh_CN&edition=full","pubTime":"2025-10-27 11:00","market":"us","language":"zh","title":"量子计算怎么一下子成了“国家安全”下一个战场?","url":"https://stock-news.laohu8.com/highlight/detail?id=2578627476","media":"华尔街见闻","summary":"美国主要上市量子计算公司IonQ等公司实现技术突破,业内预测3-5年内可达\"量子优势\"临界点。量子计算机能轻松破解现有加密体系,威胁政府、金融等关键领域安全。美国通过立法要求联邦机构升级抗量子加密,科技巨头与金融机构加速布局,这已成为继半导体后又一国家安全战场。","content":"<html><head></head><body><blockquote><p>美国主要上市量子计算公司IonQ等公司实现技术突破,业内预测3-5年内可达"量子优势"临界点。量子计算机能轻松破解现有加密体系,威胁政府、金融等关键领域安全。美国通过立法要求联邦机构升级抗量子加密,科技巨头与金融机构加速布局,这已成为继半导体后又一国家安全战场。</p></blockquote><p style=\"text-align: left;\">量子计算正迅速从实验室走向地缘政治博弈的中心。这项被业内人士预测最快五年内可能实现重大突破的技术,既能加速救命药物的研发,也能在瞬间破解所有数字加密系统。随着中美两国在该领域竞争加剧,量子技术已成为继半导体之后又一个国家安全关键赛道。</p><p style=\"text-align: left;\">日前,据华尔街日报消息,D-Wave Quantum Inc.、Rigetti Computing Inc.、IonQ Inc.和Quantum Computing Inc.等美国主要上市量子计算公司可能很快获得政府战略投资。尽管白宫随后否认正在与量子计算公司进行讨论,但这一消息已重新点燃市场对量子技术股的乐观情绪。</p><p style=\"text-align: left;\">报道称,随着IonQ宣布实现99.99%的门保真度突破,业内普遍认为距离"量子优势"这一关键拐点仅剩三至五年。<strong>技术临界点的迫近,正在将量子计算从学术话题转变为国家安全的紧迫议题。</strong></p><p style=\"text-align: left;\"><strong>而量子计算的国家安全意义核心在于其对现有加密体系的威胁。</strong>IonQ全球产业关系高级副总裁Marco Pistoia警告,未来"对一个国家的攻击很可能是量子攻击,破解政府、银行或医疗机构的敏感通信"。这促使各国政府加速布局后量子密码学,并将量子技术视为关键基础设施。</p><p style=\"text-align: left;\"><strong>同时,地缘政治因素正在为量子投资注入紧迫性。</strong>根据麦肯锡报告,中国已宣布在量子技术领域投入超153亿美元的政府资金,远超美国政府32亿美元的投资规模。美国银行研究所周四发布的报告指出,人工智能与量子计算的结合可能开启新的技术进步层级,AI加速量子发展,而量子为AI提供必要的计算能力。</p><h2 id=\"id_2103565059\" style=\"text-align: left;\">技术突破临近引发投资热潮</h2><p style=\"text-align: left;\">量子计算的商业化前景正在加速显现。Rigetti Computing首席执行官Subodh Kulkarni表示,业内普遍认为距离"量子优势"这一关键拐点还有三至五年,部分公司的预期更为激进。</p><p style=\"text-align: left;\">Kulkarni将量子优势定义为四个标准:<strong>至少1000个量子比特、至少99.9%的双量子比特门保真度、最多15纳秒的门速度以及某种形式的纠错能力</strong>。本周早些时候,IonQ宣布成为"首家也是唯一一家"实现99.99%双量子比特门保真度的量子计算公司。</p><p style=\"text-align: left;\">伊利诺伊大学香槟分校物理学教授Elizabeth Goldschmidt指出,传统计算机以0或1的二进制位存储信息,而量子计算机使用量子比特,利用亚原子物理规则同时处理多种状态的信息,这使其能够解决传统计算机无法处理的大规模优化问题。</p><p style=\"text-align: left;\">尽管Rigetti、D-Wave和Quantum Computing等公司股价在过去一年涨幅高达3100%,但这些公司仍未实现盈利,因为技术尚未达到商业化所需的规模和可行性。Informed Momentum Company首席投资官Travis Prentice表示:</p><blockquote><p style=\"text-align: left;\">"技术进步相当迅速,股价表现大幅跑赢市场,但商业化收入何时到来仍不明朗。"</p></blockquote><p style=\"text-align: left;\">Kulkarni预计,在实现量子优势后的八至十年内,将出现第二个拐点——容错量子计算的出现,届时量子计算机将能够以远超传统计算机的方式处理任何应用。</p><h2 id=\"id_1665884359\" style=\"text-align: left;\">加密破解能力成双刃剑</h2><p style=\"text-align: left;\">量子计算最令政府既兴奋又担忧的能力是其加密破解潜力。Kulkarni指出,传统计算机破解简单的128位加密需要一千年,因为涉及多个可同时变化的变量。但量子计算机的设计使其在解决近乎不可能的加密问题上具有优势。</p><p style=\"text-align: left;\">目前大多数信息使用128位加密,但Kulkarni认为量子计算机甚至能破解军方等高级组织使用的最安全版本AES-256加密。这种加密依赖同一密钥进行加密和解密,其安全性建立在传统计算机难以破解密钥的基础上。</p><p style=\"text-align: left;\">"当政府被黑客攻击时,加密和解密密钥保护着被盗数据,"Kulkarni说。"担忧在于,一旦量子计算机能够相对轻松地破解加密密钥,这些数据将完全向任何人开放。这就是各国政府感兴趣和担忧的原因。"</p><p style=\"text-align: left;\">IonQ行业关系高级副总裁Marco Pistoia表示,未来"对一个国家的攻击很可能是量子攻击,解密政府、银行或医疗机构的敏感通信"。这一威胁促使拜登政府签署了《量子计算网络安全准备法案》,要求联邦机构将脆弱系统迁移至抗量子加密技术。</p><h2 id=\"id_3612305297\" style=\"text-align: left;\">政府与企业加速布局</h2><p style=\"text-align: left;\">量子技术并非美国政府的新关注点。</p><p style=\"text-align: left;\">2018年,特朗普在首个任期内签署了《国家量子倡议法案》,授权在五年内为量子研发提供12亿美元资金。拜登政府的2022年《芯片与科学法案》将量子技术列为关键基础设施领域,并提供额外资金支持。</p><p style=\"text-align: left;\"><strong>美国科技巨头也深度参与量子领域。</strong>周三,Alphabet Inc.旗下谷歌量子AI团队宣布,其Willow量子芯片在可重复实验中运行算法的速度比传统计算机快13000倍。英伟达公司一直在开发允许传统计算机执行量子控制功能的混合硬件,其企业风险投资部门战略性投资量子硬件公司。8月,IBM和AMD宣布合作探索量子计算与现有高性能计算的整合。</p><p style=\"text-align: left;\"><strong>金融机构也在行动。</strong>本月早些时候,摩根大通宣布了一项1.5万亿美元的计划,用于融资和投资"对国家经济安全和韧性至关重要"的行业,量子计算是其中之一。</p><p style=\"text-align: left;\">IonQ最近成立了专注于为美国政府和盟国机构提供量子服务的新业务部门。美国银行研究所周四发布的报告指出,<strong>人工智能与量子计算的结合可能释放新的技术进步水平,AI加速量子发展,而量子为AI提供必要的计算能力。</strong></p><p style=\"text-align: left;\">Kulkarni强调,量子计算不会取代传统计算机,而是与之共存。"我们将世界视为一个混合系统,"他说。就像CPU和GPU目前在数据中心协同工作为AI提供动力一样,未来量子处理单元将与芯片并列用于量子计算,处理数千个同时相互作用的变量——这正是CPU和GPU今天极难编程的领域。</p><p style=\"text-align: left;\">中美两国已成为量子计算领域的领导者,这场竞争与半导体和能源行业的较量如出一辙。据麦肯锡报告,中国已宣布为量子技术提供超过153亿美元的政府资金,远超美国政府的32亿美元投资。中国在政府资金投入上领先,美国在私营部门发展和量子专利总数上保持优势。</p><p style=\"text-align: left;\">曾在摩根大通担任全球量子计算负责人、此前在IBM从事量子研究的Pistoia认为,量子计算将对人类生活产生"革命性影响"。"<strong>没有国家愿意在量子计算竞赛中落后</strong>,"他说。</p></body></html>","source":"wallstreetcn_hot_news","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>量子计算怎么一下子成了“国家安全”下一个战场?</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n量子计算怎么一下子成了“国家安全”下一个战场?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-10-27 11:00 北京时间 <a href=https://wallstreetcn.com/articles/3757948><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>美国主要上市量子计算公司IonQ等公司实现技术突破,业内预测3-5年内可达\"量子优势\"临界点。量子计算机能轻松破解现有加密体系,威胁政府、金融等关键领域安全。美国通过立法要求联邦机构升级抗量子加密,科技巨头与金融机构加速布局,这已成为继半导体后又一国家安全战场。量子计算正迅速从实验室走向地缘政治博弈的中心。这项被业内人士预测最快五年内可能实现重大突破的技术,既能加速救命药物的研发,也能在瞬间破解...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3757948\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/795ae9c76f17dac24ea12836f4b725de","relate_stocks":{"RGTI":"Rigetti Computing","QBTS":"D-Wave Quantum Inc.","QMCO":"昆腾","LAES":"SEALSQ Corp","ARQQ":"Arqit Quantum Inc.","QUBT":"Quantum Computing Inc.","QTUM":"Defiance Quantum ETF","IONQ":"IONQ Inc."},"source_url":"https://wallstreetcn.com/articles/3757948","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2578627476","content_text":"美国主要上市量子计算公司IonQ等公司实现技术突破,业内预测3-5年内可达\"量子优势\"临界点。量子计算机能轻松破解现有加密体系,威胁政府、金融等关键领域安全。美国通过立法要求联邦机构升级抗量子加密,科技巨头与金融机构加速布局,这已成为继半导体后又一国家安全战场。量子计算正迅速从实验室走向地缘政治博弈的中心。这项被业内人士预测最快五年内可能实现重大突破的技术,既能加速救命药物的研发,也能在瞬间破解所有数字加密系统。随着中美两国在该领域竞争加剧,量子技术已成为继半导体之后又一个国家安全关键赛道。日前,据华尔街日报消息,D-Wave Quantum Inc.、Rigetti Computing Inc.、IonQ Inc.和Quantum Computing Inc.等美国主要上市量子计算公司可能很快获得政府战略投资。尽管白宫随后否认正在与量子计算公司进行讨论,但这一消息已重新点燃市场对量子技术股的乐观情绪。报道称,随着IonQ宣布实现99.99%的门保真度突破,业内普遍认为距离\"量子优势\"这一关键拐点仅剩三至五年。技术临界点的迫近,正在将量子计算从学术话题转变为国家安全的紧迫议题。而量子计算的国家安全意义核心在于其对现有加密体系的威胁。IonQ全球产业关系高级副总裁Marco Pistoia警告,未来\"对一个国家的攻击很可能是量子攻击,破解政府、银行或医疗机构的敏感通信\"。这促使各国政府加速布局后量子密码学,并将量子技术视为关键基础设施。同时,地缘政治因素正在为量子投资注入紧迫性。根据麦肯锡报告,中国已宣布在量子技术领域投入超153亿美元的政府资金,远超美国政府32亿美元的投资规模。美国银行研究所周四发布的报告指出,人工智能与量子计算的结合可能开启新的技术进步层级,AI加速量子发展,而量子为AI提供必要的计算能力。技术突破临近引发投资热潮量子计算的商业化前景正在加速显现。Rigetti Computing首席执行官Subodh Kulkarni表示,业内普遍认为距离\"量子优势\"这一关键拐点还有三至五年,部分公司的预期更为激进。Kulkarni将量子优势定义为四个标准:至少1000个量子比特、至少99.9%的双量子比特门保真度、最多15纳秒的门速度以及某种形式的纠错能力。本周早些时候,IonQ宣布成为\"首家也是唯一一家\"实现99.99%双量子比特门保真度的量子计算公司。伊利诺伊大学香槟分校物理学教授Elizabeth Goldschmidt指出,传统计算机以0或1的二进制位存储信息,而量子计算机使用量子比特,利用亚原子物理规则同时处理多种状态的信息,这使其能够解决传统计算机无法处理的大规模优化问题。尽管Rigetti、D-Wave和Quantum Computing等公司股价在过去一年涨幅高达3100%,但这些公司仍未实现盈利,因为技术尚未达到商业化所需的规模和可行性。Informed Momentum Company首席投资官Travis Prentice表示:\"技术进步相当迅速,股价表现大幅跑赢市场,但商业化收入何时到来仍不明朗。\"Kulkarni预计,在实现量子优势后的八至十年内,将出现第二个拐点——容错量子计算的出现,届时量子计算机将能够以远超传统计算机的方式处理任何应用。加密破解能力成双刃剑量子计算最令政府既兴奋又担忧的能力是其加密破解潜力。Kulkarni指出,传统计算机破解简单的128位加密需要一千年,因为涉及多个可同时变化的变量。但量子计算机的设计使其在解决近乎不可能的加密问题上具有优势。目前大多数信息使用128位加密,但Kulkarni认为量子计算机甚至能破解军方等高级组织使用的最安全版本AES-256加密。这种加密依赖同一密钥进行加密和解密,其安全性建立在传统计算机难以破解密钥的基础上。\"当政府被黑客攻击时,加密和解密密钥保护着被盗数据,\"Kulkarni说。\"担忧在于,一旦量子计算机能够相对轻松地破解加密密钥,这些数据将完全向任何人开放。这就是各国政府感兴趣和担忧的原因。\"IonQ行业关系高级副总裁Marco Pistoia表示,未来\"对一个国家的攻击很可能是量子攻击,解密政府、银行或医疗机构的敏感通信\"。这一威胁促使拜登政府签署了《量子计算网络安全准备法案》,要求联邦机构将脆弱系统迁移至抗量子加密技术。政府与企业加速布局量子技术并非美国政府的新关注点。2018年,特朗普在首个任期内签署了《国家量子倡议法案》,授权在五年内为量子研发提供12亿美元资金。拜登政府的2022年《芯片与科学法案》将量子技术列为关键基础设施领域,并提供额外资金支持。美国科技巨头也深度参与量子领域。周三,Alphabet Inc.旗下谷歌量子AI团队宣布,其Willow量子芯片在可重复实验中运行算法的速度比传统计算机快13000倍。英伟达公司一直在开发允许传统计算机执行量子控制功能的混合硬件,其企业风险投资部门战略性投资量子硬件公司。8月,IBM和AMD宣布合作探索量子计算与现有高性能计算的整合。金融机构也在行动。本月早些时候,摩根大通宣布了一项1.5万亿美元的计划,用于融资和投资\"对国家经济安全和韧性至关重要\"的行业,量子计算是其中之一。IonQ最近成立了专注于为美国政府和盟国机构提供量子服务的新业务部门。美国银行研究所周四发布的报告指出,人工智能与量子计算的结合可能释放新的技术进步水平,AI加速量子发展,而量子为AI提供必要的计算能力。Kulkarni强调,量子计算不会取代传统计算机,而是与之共存。\"我们将世界视为一个混合系统,\"他说。就像CPU和GPU目前在数据中心协同工作为AI提供动力一样,未来量子处理单元将与芯片并列用于量子计算,处理数千个同时相互作用的变量——这正是CPU和GPU今天极难编程的领域。中美两国已成为量子计算领域的领导者,这场竞争与半导体和能源行业的较量如出一辙。据麦肯锡报告,中国已宣布为量子技术提供超过153亿美元的政府资金,远超美国政府的32亿美元投资。中国在政府资金投入上领先,美国在私营部门发展和量子专利总数上保持优势。曾在摩根大通担任全球量子计算负责人、此前在IBM从事量子研究的Pistoia认为,量子计算将对人类生活产生\"革命性影响\"。\"没有国家愿意在量子计算竞赛中落后,\"他说。","news_type":1,"symbols_score_info":{"RGTI":1.1,"QUBT":1.1,"ARQQ":1.1,"QBTS":1.1,"QTUM":1.5,"LAES":1.1,"QMCO":1.1,"IONQ":1.1}},"isVote":1,"tweetType":1,"viewCount":1827,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":454071261065512,"gmtCreate":1751879843320,"gmtModify":1751879845412,"author":{"id":"3556584785566429","authorId":"3556584785566429","name":"陈长春","avatar":"https://static.tigerbbs.com/64d32bb6dade63de0e4e37fac61a4754","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3556584785566429","idStr":"3556584785566429"},"themes":[],"title":"","htmlText":"我反对,马斯克应该把他的精力放在他的企业上","listText":"我反对,马斯克应该把他的精力放在他的企业上","text":"我反对,马斯克应该把他的精力放在他的企业上","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/454071261065512","isVote":1,"tweetType":1,"viewCount":2172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":452702626792040,"gmtCreate":1751548299022,"gmtModify":1751548300970,"author":{"id":"3556584785566429","authorId":"3556584785566429","name":"陈长春","avatar":"https://static.tigerbbs.com/64d32bb6dade63de0e4e37fac61a4754","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3556584785566429","idStr":"3556584785566429"},"themes":[],"title":"","htmlText":"暗盘长15%","listText":"暗盘长15%","text":"暗盘长15%","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/452702626792040","isVote":1,"tweetType":1,"viewCount":1985,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":444903093781224,"gmtCreate":1749640048972,"gmtModify":1749640050397,"author":{"id":"3556584785566429","authorId":"3556584785566429","name":"陈长春","avatar":"https://static.tigerbbs.com/64d32bb6dade63de0e4e37fac61a4754","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3556584785566429","idStr":"3556584785566429"},"themes":[],"title":"","htmlText":"可以的","listText":"可以的","text":"可以的","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/444903093781224","isVote":1,"tweetType":1,"viewCount":1186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":442814711849160,"gmtCreate":1749131396682,"gmtModify":1749131397808,"author":{"id":"3556584785566429","authorId":"3556584785566429","name":"陈长春","avatar":"https://static.tigerbbs.com/64d32bb6dade63de0e4e37fac61a4754","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3556584785566429","idStr":"3556584785566429"},"themes":[],"title":"","htmlText":"感觉有点不妙","listText":"感觉有点不妙","text":"感觉有点不妙","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/442814711849160","isVote":1,"tweetType":1,"viewCount":1686,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":432896070664968,"gmtCreate":1746720945539,"gmtModify":1746720947239,"author":{"id":"3556584785566429","authorId":"3556584785566429","name":"陈长春","avatar":"https://static.tigerbbs.com/64d32bb6dade63de0e4e37fac61a4754","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3556584785566429","idStr":"3556584785566429"},"themes":[],"title":"","htmlText":"完全同意","listText":"完全同意","text":"完全同意","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/432896070664968","repostId":"1122066706","repostType":2,"repost":{"id":"1122066706","kind":"news","pubTimestamp":1746711772,"share":"https://www.laohu8.com/m/news/1122066706?lang=zh_CN&edition=full","pubTime":"2025-05-08 21:42","market":"us","language":"zh","title":"摩根士丹利:特斯拉是“AI+制造业”的最完美融合标的","url":"https://stock-news.laohu8.com/highlight/detail?id=1122066706","media":"智通财经网","summary":"“AI投资逻辑”近期在全球股票市场重新发酵。","content":"<html><head></head><body><p>周四,特斯拉盘初拉升涨超3.5%。大摩发布研报,认为特斯拉则是“AI+制造业”天作之合的最完美融合标的。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a670eb7db56fc77d080fec64a54390eb\" title=\"\" tg-width=\"560\" tg-height=\"240\"/></p><p>“AI投资逻辑”近期在全球股票市场重新发酵,或者说是AI这一自2023年以来全球范围内最热门投资主题重获全球资金聚焦与青睐,也是近年来持续深耕AI领域的电动汽车与自动驾驶霸主特斯拉股价反弹的重要逻辑。</p><p style=\"text-align: left;\"><strong>全球首富马斯克所掌舵的特斯拉基于人工智能超算体系打造出的愈发成熟完全无人驾驶版本FSD,以及基于FSD的Robotaxi完全无人自动驾驶出租车体系,使得特斯拉长期位列“热门AI概念股”。</strong>特斯拉持续向人工智能(AI)与人形机器人等前沿科技领域的多元化发展步伐,也是一些投资机构长期看涨特斯拉股价的核心逻辑。</p><p style=\"text-align: left;\">据了解,华尔街另一金融巨头<a href=\"https://laohu8.com/S/MS\" title=\"摩根士丹利\" class=\"\">摩根士丹利</a>(以下简称“大摩)近日发布的深度研究报告显示,人工智能与传统/高端制造业看似矛盾却极度完美的深度结合,有望驱动制造业长期低迷的美国开启制造业复兴模式,<strong>而特斯拉则堪称是“AI+制造业”天作之合的最完美融合标的。</strong></p><p style=\"text-align: left;\"><strong>大摩在这份研报中通过“六大维度护城河”框架解析特斯拉竞争优势,认为其强大的“人工智能+制造”扩张宏图是旗下电动汽车、FSD订阅以及Robotaxi的最核心竞争壁垒。</strong></p><p style=\"text-align: left;\">大摩分析师团队表示,人工智能的全球扩散使制造业回流美国成为必要;同时,人工智能的扩散也使制造业全面回流的可能性激增;就这样,人工智能既是美国,乃至全球制造业全面复兴的原因,也是其结果。大摩重申对于特斯拉股票的“增持”这一最乐观看涨评级,以及高达410美元的目标股价,并且特斯拉持续位列大摩的“首选股票”清单。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0b75e7e7abd20767052d8e0818868eb6\" title=\"\" tg-width=\"1180\" tg-height=\"521\"/></p><h2 id=\"id_1321949295\" style=\"text-align: left;\">人工智能与制造业堪称“天作之合”! 特斯拉具备六大独家优势</h2><p style=\"text-align: left;\">大摩分析团队在研报中提到,“AI芯片霸主”英伟达首席执行官黄仁勋近期访问白宫,<strong>深刻揭示并强调了人工智能与传统/高端制造业之间看似奇特却绝对必不可少的重要关系</strong>。“黄仁勋先生5月1日即兴发表的关于美国制造业的言论很好地抓住了我们试图精准向投资者们传达的特斯拉相对优势的精髓,这些优势使得我们将特斯拉列入‘首选股票’清单。”大摩分析师团队在报告中写道。</p><p style=\"text-align: left;\">“<strong>黄仁勋先生的原话最能说明这一点:制造业不再关乎低成本制造模式。制造业关乎的是高科技本身。</strong>”</p><p style=\"text-align: left;\">“目前建设的这些大型AI超算系统,正是未来最先进的制造基地,大多数工厂都将是最先进的未来工厂。我们将使用人工智能、人形机器人以及沉浸式元宇宙数字孪生技术来打造未来式工厂。而且我们必须就在美国建设它。”</p><p style=\"text-align: left;\">“这一新产业本身也是制造业的一部分……(此处黄仁勋指向超级AI计算机)那就是一台工厂式的大型机器。”以上为大摩团队援引的黄仁勋在“投资于美国”会议上的重要讲话摘录。</p><p style=\"text-align: left;\">大摩分析团队写道:我们经常被投资者们问到,特斯拉超级工厂的秘诀究竟是什么?特斯拉本身的护城河在哪里?其实,并不只是某一项单一因素,而是六大维度的属性全面组合让特斯拉有别于任何“AI+制造业”的同行或者电动汽车制造行业、自动驾驶出租车领域的同行们。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7427f669690ca00e63b018d31c37edb\" title=\"\" tg-width=\"754\" tg-height=\"438\"/></p><p style=\"text-align: left;\"><strong>以下为大摩分析师团队所总结的特斯拉在“AI+制造业”以及电动汽车制造、Robotaxi与自动驾驶等业务覆盖领域的DREAMS“六维护城河”。</strong></p><p style=\"text-align: left;\"><strong>数据(D)。</strong> 如今道路上有700万辆特斯拉品牌的电动汽车,预计到2040年将超过1亿辆,这意味着特斯拉能够获取的视觉与全方位交通立体测算数据规模远高于同行。</p><p style=\"text-align: left;\"><strong>机器人(R)</strong>。 拥有基于特斯拉内部独家研发的电机与致动/执行器。仅仅是Optimus机器人(擎天柱人形机器人)的双手就拥有22个自由度。</p><p style=\"text-align: left;\"><strong>能源(E)</strong>。 在规模化电池储能解决方案方面处于全球领先地位。</p><p style=\"text-align: left;\"><strong>人工智能(A)</strong>。 拥有世界一流的AI团队,并且马斯克本人创立并领导的AI新势力xAI所推出的Grok系列AI大模型,未来或将与特斯拉人工智能超算体系进行深度融合。特斯拉已经开发出FSD(完全自动驾驶)、Dojo超级计算机和定制化AI芯片。特斯拉基于AI超算体系所打造的FSD,有了Grok最先进大模型的接入相当于“大脑迎来智力等级提升”,对于需要在极短时间内根据视觉场景做出极速推理能力的Optimus来说也可谓是强劲催化剂。</p><p style=\"text-align: left;\"><strong>制造(M)</strong>。 是全球垂直整合程度最高、美国本土供应链比例最高的电动汽车公司,集成人工智能系统、人形机器人、汽车一体化铸造产线、强大的储能解决方案等制造业最先进生产力,且最强大的本土供应链有助于特斯拉全然免疫特朗普政府所掀起的席卷全球的“关税风暴”。</p><p style=\"text-align: left;\"><strong>太空(S)</strong>。 提供冗余、弹性且网络安全等级最高的通信模式。SpaceX有望充当数据传输层——即人工智能生态系统的核心连接纽带。</p><p style=\"text-align: left;\">大摩表示,<strong>在特斯拉独家具备的以上攸关“AI+制造业”的“DREAMS”六大维度中,马斯克所期待的该科技公司六大维度护城河中最关键的单一组成部分是什么?毫无疑问——制造,特斯拉引领全球的先进制造模式乃电动汽车、FSD订阅模式、人形机器人以及Robotaxi的基础底座。</strong>综合六大维度,大摩看涨特斯拉股价未来12个月内达到410美元,并且坚持“增持”评级。截至周三美股收盘,特斯拉股价收于276.220美元。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5d19645db33f32e1a251cfacfb8d8fd0\" title=\"\" tg-width=\"757\" tg-height=\"383\"/></p><p style=\"text-align: left;\">大摩分析师团队写道:“你需要制造探针(产品)来收集数据,从而改进探针,再收集更多数据来改进探针完成这个封闭循环。数据则决定软件,软件决定硬件,硬件决定制造。马斯克利用汽车行业作为试验场来培养他在其他领域的能力……<strong>对于特斯拉来说,汽车之于它正如书籍之于亚马逊</strong>。”</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b3f5753194b10171e83a6710258cce4e\" title=\"\" tg-width=\"736\" tg-height=\"404\"/></p><h2 id=\"id_771406848\" style=\"text-align: left;\">知识与原子(思想者与行动者):来自亚历山大的启示</h2><p style=\"text-align: left;\">大摩分析师团队将亚历山大博物馆“思想者(知识)”与“行动者(原子)”割裂的历史教训,<strong>比喻为当今数字经济(知识)与实体经济(原子)常被分开的通病;而特斯拉之所以被他们视为“AI+制造业”这一全新前沿范式领军者,正是因为马斯克所领导的特斯拉把知识‑软件‑数据与制造‑硬件‑工厂这两大世界重新“焊接”在了一起。</strong></p><p style=\"text-align: left;\">大摩表示,这恰好对应报告里给特斯拉列出的六重护城河(数据、机器人、能源、AI、制造、太空)——尤其突出制造(Manufacturing)在闭环中的核心地位。</p><p style=\"text-align: left;\"><strong>为帮助阐明人工智能从数字化经济(比特和字节的经济)向全球经济体实体经济(原子和光子的经济)的扩散,大摩分析师团队引用了H.G.威尔斯1922年的著作《世界简史》第27章:“亚历山大博物馆和图书馆”。</strong>这个援引的例子旨在传达:尽管亚历山大藏书馆代表了当时古代世界最全面的知识收藏,但由于“思想者”和“行动者”的全面分离,其进步主义思想最终受到了限制。</p><p style=\"text-align: left;\"><strong>以下为大摩分析师团队援引的“亚历山大博物馆和图书馆”章节:</strong></p><p style=\"text-align: left;\">H.G.威尔斯写道:“在这里,我们看到了系统地收集和传播知识。这座博物馆和图书馆的建立标志着人类历史上一个伟大时代的开端。”</p><p style=\"text-align: left;\">“但研究工作和传播工作都在非常艰难的障碍之下进行。其中之一就是巨大的社会鸿沟,将作为绅士的哲学家与商人和手工艺人区分开来。”</p><p style=\"text-align: left;\">“那时有大量的玻璃工匠和金属工匠,但他们在思想上与那些思想家没有联系。玻璃工匠制造着极其美丽的彩色珠子和小瓶等精美制品,但他从未制造过佛罗伦萨烧瓶或透镜。透明玻璃似乎并未引起他的兴趣。”</p><p style=\"text-align: left;\">“金属工匠制造武器和珠宝,但他从未制造过化学天平。哲学家高谈阔论原子和万物的本质,但在珐琅、颜料、滤器等方面他没有任何实践经验。他对物质并不感兴趣。”</p><p style=\"text-align: left;\">“因此,亚历山大在那短暂的机遇年代里没有诞生显微镜和化学这一学科。尽管希罗发明了一种叫汽转球的蒸汽机,但它从未被用来抽水、驾船或做任何有用的事情。”</p></body></html>","source":"highlight_zhitongcaijin","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" 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hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n摩根士丹利:特斯拉是“AI+制造业”的最完美融合标的\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-05-08 21:42 北京时间 <a href=http://www.zhitongcaijing.com/content/detail/1290849.html><strong>智通财经网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>周四,特斯拉盘初拉升涨超3.5%。大摩发布研报,认为特斯拉则是“AI+制造业”天作之合的最完美融合标的。“AI投资逻辑”近期在全球股票市场重新发酵,或者说是AI这一自2023年以来全球范围内最热门投资主题重获全球资金聚焦与青睐,也是近年来持续深耕AI领域的电动汽车与自动驾驶霸主特斯拉股价反弹的重要逻辑。全球首富马斯克所掌舵的特斯拉基于人工智能超算体系打造出的愈发成熟完全无人驾驶版本FSD,以及基于...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1290849.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9749762c5ee11a52030b4c66a89c8026","relate_stocks":{"TSLA":"特斯拉"},"source_url":"http://www.zhitongcaijing.com/content/detail/1290849.html","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"1122066706","content_text":"周四,特斯拉盘初拉升涨超3.5%。大摩发布研报,认为特斯拉则是“AI+制造业”天作之合的最完美融合标的。“AI投资逻辑”近期在全球股票市场重新发酵,或者说是AI这一自2023年以来全球范围内最热门投资主题重获全球资金聚焦与青睐,也是近年来持续深耕AI领域的电动汽车与自动驾驶霸主特斯拉股价反弹的重要逻辑。全球首富马斯克所掌舵的特斯拉基于人工智能超算体系打造出的愈发成熟完全无人驾驶版本FSD,以及基于FSD的Robotaxi完全无人自动驾驶出租车体系,使得特斯拉长期位列“热门AI概念股”。特斯拉持续向人工智能(AI)与人形机器人等前沿科技领域的多元化发展步伐,也是一些投资机构长期看涨特斯拉股价的核心逻辑。据了解,华尔街另一金融巨头摩根士丹利(以下简称“大摩)近日发布的深度研究报告显示,人工智能与传统/高端制造业看似矛盾却极度完美的深度结合,有望驱动制造业长期低迷的美国开启制造业复兴模式,而特斯拉则堪称是“AI+制造业”天作之合的最完美融合标的。大摩在这份研报中通过“六大维度护城河”框架解析特斯拉竞争优势,认为其强大的“人工智能+制造”扩张宏图是旗下电动汽车、FSD订阅以及Robotaxi的最核心竞争壁垒。大摩分析师团队表示,人工智能的全球扩散使制造业回流美国成为必要;同时,人工智能的扩散也使制造业全面回流的可能性激增;就这样,人工智能既是美国,乃至全球制造业全面复兴的原因,也是其结果。大摩重申对于特斯拉股票的“增持”这一最乐观看涨评级,以及高达410美元的目标股价,并且特斯拉持续位列大摩的“首选股票”清单。人工智能与制造业堪称“天作之合”! 特斯拉具备六大独家优势大摩分析团队在研报中提到,“AI芯片霸主”英伟达首席执行官黄仁勋近期访问白宫,深刻揭示并强调了人工智能与传统/高端制造业之间看似奇特却绝对必不可少的重要关系。“黄仁勋先生5月1日即兴发表的关于美国制造业的言论很好地抓住了我们试图精准向投资者们传达的特斯拉相对优势的精髓,这些优势使得我们将特斯拉列入‘首选股票’清单。”大摩分析师团队在报告中写道。“黄仁勋先生的原话最能说明这一点:制造业不再关乎低成本制造模式。制造业关乎的是高科技本身。”“目前建设的这些大型AI超算系统,正是未来最先进的制造基地,大多数工厂都将是最先进的未来工厂。我们将使用人工智能、人形机器人以及沉浸式元宇宙数字孪生技术来打造未来式工厂。而且我们必须就在美国建设它。”“这一新产业本身也是制造业的一部分……(此处黄仁勋指向超级AI计算机)那就是一台工厂式的大型机器。”以上为大摩团队援引的黄仁勋在“投资于美国”会议上的重要讲话摘录。大摩分析团队写道:我们经常被投资者们问到,特斯拉超级工厂的秘诀究竟是什么?特斯拉本身的护城河在哪里?其实,并不只是某一项单一因素,而是六大维度的属性全面组合让特斯拉有别于任何“AI+制造业”的同行或者电动汽车制造行业、自动驾驶出租车领域的同行们。以下为大摩分析师团队所总结的特斯拉在“AI+制造业”以及电动汽车制造、Robotaxi与自动驾驶等业务覆盖领域的DREAMS“六维护城河”。数据(D)。 如今道路上有700万辆特斯拉品牌的电动汽车,预计到2040年将超过1亿辆,这意味着特斯拉能够获取的视觉与全方位交通立体测算数据规模远高于同行。机器人(R)。 拥有基于特斯拉内部独家研发的电机与致动/执行器。仅仅是Optimus机器人(擎天柱人形机器人)的双手就拥有22个自由度。能源(E)。 在规模化电池储能解决方案方面处于全球领先地位。人工智能(A)。 拥有世界一流的AI团队,并且马斯克本人创立并领导的AI新势力xAI所推出的Grok系列AI大模型,未来或将与特斯拉人工智能超算体系进行深度融合。特斯拉已经开发出FSD(完全自动驾驶)、Dojo超级计算机和定制化AI芯片。特斯拉基于AI超算体系所打造的FSD,有了Grok最先进大模型的接入相当于“大脑迎来智力等级提升”,对于需要在极短时间内根据视觉场景做出极速推理能力的Optimus来说也可谓是强劲催化剂。制造(M)。 是全球垂直整合程度最高、美国本土供应链比例最高的电动汽车公司,集成人工智能系统、人形机器人、汽车一体化铸造产线、强大的储能解决方案等制造业最先进生产力,且最强大的本土供应链有助于特斯拉全然免疫特朗普政府所掀起的席卷全球的“关税风暴”。太空(S)。 提供冗余、弹性且网络安全等级最高的通信模式。SpaceX有望充当数据传输层——即人工智能生态系统的核心连接纽带。大摩表示,在特斯拉独家具备的以上攸关“AI+制造业”的“DREAMS”六大维度中,马斯克所期待的该科技公司六大维度护城河中最关键的单一组成部分是什么?毫无疑问——制造,特斯拉引领全球的先进制造模式乃电动汽车、FSD订阅模式、人形机器人以及Robotaxi的基础底座。综合六大维度,大摩看涨特斯拉股价未来12个月内达到410美元,并且坚持“增持”评级。截至周三美股收盘,特斯拉股价收于276.220美元。大摩分析师团队写道:“你需要制造探针(产品)来收集数据,从而改进探针,再收集更多数据来改进探针完成这个封闭循环。数据则决定软件,软件决定硬件,硬件决定制造。马斯克利用汽车行业作为试验场来培养他在其他领域的能力……对于特斯拉来说,汽车之于它正如书籍之于亚马逊。”知识与原子(思想者与行动者):来自亚历山大的启示大摩分析师团队将亚历山大博物馆“思想者(知识)”与“行动者(原子)”割裂的历史教训,比喻为当今数字经济(知识)与实体经济(原子)常被分开的通病;而特斯拉之所以被他们视为“AI+制造业”这一全新前沿范式领军者,正是因为马斯克所领导的特斯拉把知识‑软件‑数据与制造‑硬件‑工厂这两大世界重新“焊接”在了一起。大摩表示,这恰好对应报告里给特斯拉列出的六重护城河(数据、机器人、能源、AI、制造、太空)——尤其突出制造(Manufacturing)在闭环中的核心地位。为帮助阐明人工智能从数字化经济(比特和字节的经济)向全球经济体实体经济(原子和光子的经济)的扩散,大摩分析师团队引用了H.G.威尔斯1922年的著作《世界简史》第27章:“亚历山大博物馆和图书馆”。这个援引的例子旨在传达:尽管亚历山大藏书馆代表了当时古代世界最全面的知识收藏,但由于“思想者”和“行动者”的全面分离,其进步主义思想最终受到了限制。以下为大摩分析师团队援引的“亚历山大博物馆和图书馆”章节:H.G.威尔斯写道:“在这里,我们看到了系统地收集和传播知识。这座博物馆和图书馆的建立标志着人类历史上一个伟大时代的开端。”“但研究工作和传播工作都在非常艰难的障碍之下进行。其中之一就是巨大的社会鸿沟,将作为绅士的哲学家与商人和手工艺人区分开来。”“那时有大量的玻璃工匠和金属工匠,但他们在思想上与那些思想家没有联系。玻璃工匠制造着极其美丽的彩色珠子和小瓶等精美制品,但他从未制造过佛罗伦萨烧瓶或透镜。透明玻璃似乎并未引起他的兴趣。”“金属工匠制造武器和珠宝,但他从未制造过化学天平。哲学家高谈阔论原子和万物的本质,但在珐琅、颜料、滤器等方面他没有任何实践经验。他对物质并不感兴趣。”“因此,亚历山大在那短暂的机遇年代里没有诞生显微镜和化学这一学科。尽管希罗发明了一种叫汽转球的蒸汽机,但它从未被用来抽水、驾船或做任何有用的事情。”","news_type":1,"symbols_score_info":{"TSLA":1.1}},"isVote":1,"tweetType":1,"viewCount":2762,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3486644284064555","authorId":"3486644284064555","name":"greater","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":8,"crmLevelSwitch":0,"authorIdStr":"3486644284064555","idStr":"3486644284064555"},"content":"同意被这种洼地企业诈骗?","text":"同意被这种洼地企业诈骗?","html":"同意被这种洼地企业诈骗?"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":425551263425400,"gmtCreate":1744904495192,"gmtModify":1744904496449,"author":{"id":"3556584785566429","authorId":"3556584785566429","name":"陈长春","avatar":"https://static.tigerbbs.com/64d32bb6dade63de0e4e37fac61a4754","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3556584785566429","idStr":"3556584785566429"},"themes":[],"title":"","htmlText":"<a 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