---
title: "#外资研报"
topic_id: 82255885421185282
created_at: 2026-04-22T07:50:15.522+0800
source: zsxq
type: topic
cssclasses: zsxq-vault
---

# #外资研报

- 序号：536
- 星球链接：[打开网页](https://wx.zsxq.com/group/15522451881222/topic/82255885421185282)
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## 文档

### GS-全球市场评论：超越缓解 —— 跨资产视角 Global MarketsComment Beyond Relief—A Cross-Asset View.pdf

- 状态：skipped_existing
- 错误：
- 本地资源：[[assets/docs/260422_0750__外资研报__GS-全球市场评论：超越缓解 —— 跨资产视角 Global MarketsComment Beyond Relief—A Cross-Asset View.pdf|GS-全球市场评论：超越缓解 —— 跨资产视角 Global MarketsComment Beyond Relief—A Cross-Asset View.pdf]]

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[[assets/docs/260422_0750__外资研报__GS-全球市场评论：超越缓解 —— 跨资产视角 Global MarketsComment Beyond Relief—A Cross-Asset View.pdf|GS-全球市场评论：超越缓解 —— 跨资产视角 Global MarketsComment Beyond Relief—A Cross-Asset View.pdf]]

### GS-日本市场周报：欧洲路演反馈；年初至今业绩趋势；第四季度盈利预览 European marketing trip feedback; MTD performance trends; 4Q earnings preview.pdf

- 状态：skipped_existing
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- 本地资源：[[assets/docs/260422_0750__外资研报__GS-日本市场周报：欧洲路演反馈；年初至今业绩趋势；第四季度盈利预览 European marketing trip feedback; MTD performance trends; 4Q earnings preview.pdf|GS-日本市场周报：欧洲路演反馈；年初至今业绩趋势；第四季度盈利预览 European marketing trip feedback; MTD performance trends; 4Q earnings preview.pdf]]

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[[assets/docs/260422_0750__外资研报__GS-日本市场周报：欧洲路演反馈；年初至今业绩趋势；第四季度盈利预览 European marketing trip feedback; MTD performance trends; 4Q earnings preview.pdf|GS-日本市场周报：欧洲路演反馈；年初至今业绩趋势；第四季度盈利预览 European marketing trip feedback; MTD performance trends; 4Q earnings preview.pdf]]

### GS-台湾CCL_PCB：受下游客户为未来AI布局争抢产能影响，下半年 PCB 与 CCL 价格或继续上涨；上调所有 PCBCCL 厂商目标价约 15% TAIWAN CCL_PCB Further price hike on both PCB and CCL in 2H appears likely, as end customers are eager to get more capacity for future AI plan.pdf

- 状态：skipped_existing
- 错误：
- 本地资源：[[assets/docs/260422_0750__外资研报__GS-台湾CCL_PCB：受下游客户为未来AI布局争抢产能影响，下半年 PCB 与 CCL 价格或继续上涨；上调所有 PCBCCL 厂商目标价约 15% TAIWAN CCL_PCB Further price hike on both PCB and CCL in 2H appears likely, as e.pdf|GS-台湾CCL_PCB：受下游客户为未来AI布局争抢产能影响，下半年 PCB 与 CCL 价格或继续上涨；上调所有 PCBCCL 厂商目标价约 15% TAIWAN CCL_PCB Further price hike on both PCB and CCL in 2H appears likely, as end customers are eager to get more capacity for future AI plan.pdf]]

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[[assets/docs/260422_0750__外资研报__GS-台湾CCL_PCB：受下游客户为未来AI布局争抢产能影响，下半年 PCB 与 CCL 价格或继续上涨；上调所有 PCBCCL 厂商目标价约 15% TAIWAN CCL_PCB Further price hike on both PCB and CCL in 2H appears likely, as e.pdf|GS-台湾CCL_PCB：受下游客户为未来AI布局争抢产能影响，下半年 PCB 与 CCL 价格或继续上涨；上调所有 PCBCCL 厂商目标价约 15% TAIWAN CCL_PCB Further price hike on both PCB and CCL in 2H appears likely, as end customers are eager to get more capacity for future AI plan.pdf]]

### GS-浙江鼎力（603338.SS）：NDR 要点：乐观的需求展望 力求利润率韧性；买入评级 Zhejiang Dingli Co Ltd. (603338.SS) NDR takeaways Constructive demand outlook; striving for margin resilience; Buy.pdf

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- 本地资源：[[assets/docs/260422_0750__外资研报__GS-浙江鼎力（603338.SS）：NDR 要点：乐观的需求展望 力求利润率韧性；买入评级 Zhejiang Dingli Co Ltd. (603338.SS) NDR takeaways Constructive demand outlook; striving for margin resilience;.pdf|GS-浙江鼎力（603338.SS）：NDR 要点：乐观的需求展望 力求利润率韧性；买入评级 Zhejiang Dingli Co Ltd. (603338.SS) NDR takeaways Constructive demand outlook; striving for margin resilience; Buy.pdf]]

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[[assets/docs/260422_0750__外资研报__GS-浙江鼎力（603338.SS）：NDR 要点：乐观的需求展望 力求利润率韧性；买入评级 Zhejiang Dingli Co Ltd. (603338.SS) NDR takeaways Constructive demand outlook; striving for margin resilience;.pdf|GS-浙江鼎力（603338.SS）：NDR 要点：乐观的需求展望 力求利润率韧性；买入评级 Zhejiang Dingli Co Ltd. (603338.SS) NDR takeaways Constructive demand outlook; striving for margin resilience; Buy.pdf]]

### How Much Do GPU Clusters Really Cost_.pdf

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- 本地资源：[[assets/docs/260422_0750__外资研报__How Much Do GPU Clusters Really Cost_.pdf|How Much Do GPU Clusters Really Cost_.pdf]]

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[[assets/docs/260422_0750__外资研报__How Much Do GPU Clusters Really Cost_.pdf|How Much Do GPU Clusters Really Cost_.pdf]]

### JPM-市场误读幽灵餐厅监管影响-20260420.pdf

- 状态：skipped_existing
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- 本地资源：[[assets/docs/260422_0750__外资研报__JPM-市场误读幽灵餐厅监管影响-20260420.pdf|JPM-市场误读幽灵餐厅监管影响-20260420.pdf]]

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[[assets/docs/260422_0750__外资研报__JPM-市场误读幽灵餐厅监管影响-20260420.pdf|JPM-市场误读幽灵餐厅监管影响-20260420.pdf]]

### GS-科里多科技集团（CRDO）：收购 DustPhotonics 加速向光网络解决方案转型 Credo Technology Group (CRDO) DustPhotonics acquisition to help accelerate pivot toward optical networking solutions.pdf

- 状态：skipped_existing
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- 本地资源：[[assets/docs/260422_0750__外资研报__GS-科里多科技集团（CRDO）：收购 DustPhotonics 加速向光网络解决方案转型 Credo Technology Group (CRDO) DustPhotonics acquisition to help accelerate pivot toward optical networking sol.pdf|GS-科里多科技集团（CRDO）：收购 DustPhotonics 加速向光网络解决方案转型 Credo Technology Group (CRDO) DustPhotonics acquisition to help accelerate pivot toward optical networking solutions.pdf]]

#### 预览

[[assets/docs/260422_0750__外资研报__GS-科里多科技集团（CRDO）：收购 DustPhotonics 加速向光网络解决方案转型 Credo Technology Group (CRDO) DustPhotonics acquisition to help accelerate pivot toward optical networking sol.pdf|GS-科里多科技集团（CRDO）：收购 DustPhotonics 加速向光网络解决方案转型 Credo Technology Group (CRDO) DustPhotonics acquisition to help accelerate pivot toward optical networking solutions.pdf]]

### GS-全球服务器：机架式 AI 服务器占比提升 引入 2028 年预测 GLOBAL SERVER Higher mix of rack-level AI servers; Introducing 2028 forecasts.pdf

- 状态：skipped_existing
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- 本地资源：[[assets/docs/260422_0750__外资研报__GS-全球服务器：机架式 AI 服务器占比提升 引入 2028 年预测 GLOBAL SERVER Higher mix of rack-level AI servers; Introducing 2028 forecasts.pdf|GS-全球服务器：机架式 AI 服务器占比提升 引入 2028 年预测 GLOBAL SERVER Higher mix of rack-level AI servers; Introducing 2028 forecasts.pdf]]

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[[assets/docs/260422_0750__外资研报__GS-全球服务器：机架式 AI 服务器占比提升 引入 2028 年预测 GLOBAL SERVER Higher mix of rack-level AI servers; Introducing 2028 forecasts.pdf|GS-全球服务器：机架式 AI 服务器占比提升 引入 2028 年预测 GLOBAL SERVER Higher mix of rack-level AI servers; Introducing 2028 forecasts.pdf]]

### GS-全球光模块：上调 2026-2028 年 800G 及以上产品出货量预期 14%29%33% AI 将持续驱动增长 GLOBAL OPTICAL TRANSCEIVERS Raising 800G and above shipment by 14%29%33% for 2026-28E; AI to drive growth ahead.pdf

- 状态：skipped_existing
- 错误：
- 本地资源：[[assets/docs/260422_0750__外资研报__GS-全球光模块：上调 2026-2028 年 800G 及以上产品出货量预期 14%29%33% AI 将持续驱动增长 GLOBAL OPTICAL TRANSCEIVERS Raising 800G and above shipment by 14%29%33% for 2026-28E; AI to dri.pdf|GS-全球光模块：上调 2026-2028 年 800G 及以上产品出货量预期 14%29%33% AI 将持续驱动增长 GLOBAL OPTICAL TRANSCEIVERS Raising 800G and above shipment by 14%29%33% for 2026-28E; AI to drive growth ahead.pdf]]

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[[assets/docs/260422_0750__外资研报__GS-全球光模块：上调 2026-2028 年 800G 及以上产品出货量预期 14%29%33% AI 将持续驱动增长 GLOBAL OPTICAL TRANSCEIVERS Raising 800G and above shipment by 14%29%33% for 2026-28E; AI to dri.pdf|GS-全球光模块：上调 2026-2028 年 800G 及以上产品出货量预期 14%29%33% AI 将持续驱动增长 GLOBAL OPTICAL TRANSCEIVERS Raising 800G and above shipment by 14%29%33% for 2026-28E; AI to drive growth ahead.pdf]]