CPO概念重挫，中际旭创跌超14%，昔日大牛股不行了？_老虎社区_美港股上老虎

CPO概念重挫，中际旭创跌超14%，昔日大牛股不行了？

财华社2025-02-05

2月5日，A股蛇年的第一个交易日，在DeepSeek的带动下，AI概念非常活跃，从上游硬件半导体到下游应用等，相关概念股纷纷大涨。然而，一向与AI息息相关的CPO概念股却集体重挫，截至收盘，太辰光（300570.SZ）暴跌19.38%，新易盛（300502.SZ）暴跌18.49%，天孚通信（300394.SZ）暴跌16.88%，中际旭创（300308.SZ）暴跌14.43%。此外，胜宏科技（...

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千百度
·2025-02-05
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href=\"https://laohu8.com/S/603228\">景旺电子</a>（603228.SH）等PCB概念股亦集体大跌。</p><p>一边是海水，一边是火焰的行情演变，令不少投资者“摸不着头脑”。</p><p>有分析师认为，DeepSeek的优异性能、训练成本更低、以及对于高端AI芯片的依赖度下降，或将让市场对于<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>高端芯片的需求出现一定程度的放缓。</p><p>此外，<a href=\"https://laohu8.com/S/MS\">摩根士丹利</a>也在最新发布的报告中将2025年英伟达GB200出货量从此前的3万-3.5万大幅下调至2万-2.5万件，最差的情况出货量可能低于2万，可能导致GB200供应链的市场影响达300亿至350亿美元。</p><p>该行表示，GB200芯片的“主要客户之一”<a href=\"https://laohu8.com/S/MSFT\">微软</a>的资本支出增速减缓，对供应链产生负面影响。其次，云计算和AI基础设施生态系统不成熟，特别是如GB200相关的网络和电力基础设施仍存在不足，供应链尚未跟上需求限制了GB200的部署。另外，云计算行业的资本支出增速在2025年第四季度预计会放缓至个位数，这也会对GB200的出货量产生负面影响。</p><p>有市场人士对此指出，相关CPO概念股和PCB概念股今日的大跌，主要受到英伟达需求被大幅调低冲击。</p><p>具体来说，以中际旭创为例，该公司是全球领先的数据中心光模块供应商，其产品主要应用于云计算数据中心等领域，为数据中心等提供高速光模块等产品和解决方案。而英伟达旗下AI芯片属于数据中心的核心环节，中际旭创与英伟达处于同一产业链的不同环节，存在一定的业务关联。</p><p>根据2024年半年报数据显示，中际旭创的境外收入占比超过87%，公司和国外科技公司一直保持良好的合作关系，深度嵌入各大巨头的数据中心产业链中。</p><p>一旦英伟达的业务发展和产品需求放缓，对中际旭创的业务将有一定的负面影响。这或许也是公司股价跳空大跌的重要原因之一。其他CPO概念、PCB概念的下跌逻辑或与此类似。</p><p>值得注意的是，近期发布的基金四季报数据也显示，作为CPO概念股龙头的中际旭创、新易盛和天孚通信被大幅卖出，这也对市场情绪造成一定的压力，不少投资者跟风卖出，以降低自身持仓的不确定性。</p></body></html>","source":"finet_stock","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>CPO概念重挫，中际旭创跌超14%，昔日大牛股不行了？</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{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ 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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\">\nCPO概念重挫，中际旭创跌超14%，昔日大牛股不行了？\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-02-05 18:57 北京时间&nbsp;&nbsp;&nbsp;<a href=https://www.finet.hk/newscenter/news_content/67a3441a230829009a9ab677><strong>财华社</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>2月5日，A股蛇年的第一个交易日，在DeepSeek的带动下，AI概念非常活跃，从上游硬件半导体到下游应用等，相关概念股纷纷大涨。然而，一向与AI息息相关的CPO概念股却集体重挫，截至收盘，太辰光（300570.SZ）暴跌19.38%，新易盛（300502.SZ）暴跌18.49%，天孚通信（300394.SZ）暴跌16.88%，中际旭创（300308.SZ）暴跌14.43%。此外，胜宏科技（...</p>\n\n<a href=\"https://www.finet.hk/newscenter/news_content/67a3441a230829009a9ab677\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://images.finet.hk/photoLib/title/202502_1/25da7f11-6739-4519-bf83-348a4292217d.png","relate_stocks":{"LU2097344357.USD":"SCHRODER ISF SUSTAINABLE MULTI-ASSET INCOME \"A\" (USDHDG) ACC","NVDY":"NVDA期权收益策略ETF-YieldMax","LU0345768740.USD":"NINETY ONE GSF GLOBAL STRATEGIC MANAGED \"A\" (USD) INC","BK4548":"巴美列捷福持仓","NVDD":"1倍做空NVDA ETF-Direxion","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","LU0124676726.USD":"AB SICAV I - SUSTAINABLE US 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(USD) ACC","BK4567":"ESG概念","SNVD.UK":"LS -1X NVIDIA","NVDS":"1.5倍做空NVDA ETF-Tradr","LU1127390331.HKD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A\" (HKD) ACC","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","NVIW.SI":"NVDA 3xLongSG261006","LU2461242641.AUD":"WELLINGTON US QUALITY GROWTH \"A\" (AUDHDG) ACC","LU2125909759.SGD":"Natixis Thematics Safety H-R/A SGD","2NVD.UK":"2X NVIDIA ETP","LU2471134879.HKD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (HKD) INC","LU0056508442.USD":"贝莱德世界科技基金A2","HK0000320223.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) ACC","NVDU":"2倍做多NVDA ETF-Direxion","NVDS.UK":"LS -1X NVIDIA","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU0215105999.USD":"SCHRODER ISF GLOBAL EQUITY \"A\" ACC","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU1935042215.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC A","IE00BYXW3230.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"AA\" (USD) ACC"},"source_url":"https://www.finet.hk/newscenter/news_content/67a3441a230829009a9ab677","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2509077406","content_text":"2月5日，A股蛇年的第一个交易日，在DeepSeek的带动下，AI概念非常活跃，从上游硬件半导体到下游应用等，相关概念股纷纷大涨。然而，一向与AI息息相关的CPO概念股却集体重挫，截至收盘，太辰光（300570.SZ）暴跌19.38%，新易盛（300502.SZ）暴跌18.49%，天孚通信（300394.SZ）暴跌16.88%，中际旭创（300308.SZ）暴跌14.43%。此外，胜宏科技（300476.SZ）、沪电股份（002463.SZ）、生益科技（600183.SH）、景旺电子（603228.SH）等PCB概念股亦集体大跌。一边是海水，一边是火焰的行情演变，令不少投资者“摸不着头脑”。有分析师认为，DeepSeek的优异性能、训练成本更低、以及对于高端AI芯片的依赖度下降，或将让市场对于英伟达高端芯片的需求出现一定程度的放缓。此外，摩根士丹利也在最新发布的报告中将2025年英伟达GB200出货量从此前的3万-3.5万大幅下调至2万-2.5万件，最差的情况出货量可能低于2万，可能导致GB200供应链的市场影响达300亿至350亿美元。该行表示，GB200芯片的“主要客户之一”微软的资本支出增速减缓，对供应链产生负面影响。其次，云计算和AI基础设施生态系统不成熟，特别是如GB200相关的网络和电力基础设施仍存在不足，供应链尚未跟上需求限制了GB200的部署。另外，云计算行业的资本支出增速在2025年第四季度预计会放缓至个位数，这也会对GB200的出货量产生负面影响。有市场人士对此指出，相关CPO概念股和PCB概念股今日的大跌，主要受到英伟达需求被大幅调低冲击。具体来说，以中际旭创为例，该公司是全球领先的数据中心光模块供应商，其产品主要应用于云计算数据中心等领域，为数据中心等提供高速光模块等产品和解决方案。而英伟达旗下AI芯片属于数据中心的核心环节，中际旭创与英伟达处于同一产业链的不同环节，存在一定的业务关联。根据2024年半年报数据显示，中际旭创的境外收入占比超过87%，公司和国外科技公司一直保持良好的合作关系，深度嵌入各大巨头的数据中心产业链中。一旦英伟达的业务发展和产品需求放缓，对中际旭创的业务将有一定的负面影响。这或许也是公司股价跳空大跌的重要原因之一。其他CPO概念、PCB概念的下跌逻辑或与此类似。值得注意的是，近期发布的基金四季报数据也显示，作为CPO概念股龙头的中际旭创、新易盛和天孚通信被大幅卖出，这也对市场情绪造成一定的压力，不少投资者跟风卖出，以降低自身持仓的不确定性。","news_type":1,"symbols_score_info":{"NVDS.UK":0.6,"2NVD.UK":0.6,"NVIW.SI":0.6,"3NVD.UK":0.6,"NVD3.UK":0.6,"NVDA":0.9,"NVDU":0.6,"SNVD.UK":0.6,"NVDY":0.6,"NVD2.UK":0.6,"NVDS":0.6,"NVDD":0.6}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}