韭研

算力即国力,贸易战实质是科技战

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资讯解析

行业:
科技
标的:
寒武纪
标签:
算力 科技战 国产替代 资本支出 Agent Mcp AIDC链 人工智能 算力即国力 国产算力 算力需求增长
摘要:
文章讨论了算力在当前科技战中的重要性,指出国内大厂的资本支出(Capex)可能超预期,尽管面临H20、H100美国政策的影响,但明年对算力的需求将更大。同时,文章反驳了市场对美国大厂Capex下修的猜测,强调了Agent、Mcp等技术对算力的巨大消耗,并认为国产算力和AIDC链的发展前景明确。
多方:
1)国内大厂Capex可能超预期,明年算力需求更大;2)市场对美国大厂Capex下修的猜测可能不准确;3)Agent、Mcp等技术对算力的需求巨大;4)国产算力和AIDC链发展前景明确;5)建议在波动中把握机会,看好半年的形势。
空方:
1)H20、H100美国政策可能对算力行业产生阶段性影响;2)市场对美国大厂Capex下修的猜测和传言较多;3)宏观博弈较大,短期交易量可能受影响。