---
title: "#外资研报"
topic_id: 55522558515228414
created_at: 2026-06-15T08:02:17.447+0800
source: zsxq
type: topic
cssclasses: zsxq-vault
---

# #外资研报

- 序号：452
- 星球链接：[打开网页](https://wx.zsxq.com/group/15522451881222/topic/55522558515228414)
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## 文档

### MS-Nebius Group NV_北美：Neoclouds 有什么新进展？来自 Nebius 2026 转折点大会的见解 Nebius Group NV North America Watt's New With The Neoclouds Insights from Nebius Inflection 2026.pdf

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[[assets/docs/260615_0802__外资研报__MS-Nebius Group NV_北美：Neoclouds 有什么新进展？来自 Nebius 2026 转折点大会的见解 Nebius Group NV North America Watt's New With The Neoclouds Insights from Nebius Inflection 20.pdf|MS-Nebius Group NV_北美：Neoclouds 有什么新进展？来自 Nebius 2026 转折点大会的见解 Nebius Group NV North America Watt's New With The Neoclouds Insights from Nebius Inflection 2026.pdf]]

### MS-北美互联网——当前交易位置：AI硬件vs AI软件资金轮动争论持续 Internet North America Where Are We Trading Now As AI Hardware vs AI Software Flow Debates Continue.pdf

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[[assets/docs/260615_0802__外资研报__MS-北美互联网——当前交易位置：AI硬件vs AI软件资金轮动争论持续 Internet North America Where Are We Trading Now As AI Hardware vs AI Software Flow Debates Continue.pdf|MS-北美互联网——当前交易位置：AI硬件vs AI软件资金轮动争论持续 Internet North America Where Are We Trading Now As AI Hardware vs AI Software Flow Debates Continue.pdf]]

### MS-大中华区科技半导体_亚太：关于投资者对 CPO 担忧的看法 Greater China Technology Semiconductors Asia Pacific Thoughts on Investor Concerns Regarding CPO.pdf

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- 本地资源：[[assets/docs/260615_0802__外资研报__MS-大中华区科技半导体_亚太：关于投资者对 CPO 担忧的看法 Greater China Technology Semiconductors Asia Pacific Thoughts on Investor Concerns Regarding CPO.pdf|MS-大中华区科技半导体_亚太：关于投资者对 CPO 担忧的看法 Greater China Technology Semiconductors Asia Pacific Thoughts on Investor Concerns Regarding CPO.pdf]]

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[[assets/docs/260615_0802__外资研报__MS-大中华区科技半导体_亚太：关于投资者对 CPO 担忧的看法 Greater China Technology Semiconductors Asia Pacific Thoughts on Investor Concerns Regarding CPO.pdf|MS-大中华区科技半导体_亚太：关于投资者对 CPO 担忧的看法 Greater China Technology Semiconductors Asia Pacific Thoughts on Investor Concerns Regarding CPO.pdf]]

### MS-大中华区科技硬件_亚太：电源方案 —— 我们对传闻中 800V 直流延迟的看法 Greater China Technology Hardware Asia Pacific Power Solutions — Our Thoughts on Rumored 800V DC Delay.pdf

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[[assets/docs/260615_0802__外资研报__MS-大中华区科技硬件_亚太：电源方案 —— 我们对传闻中 800V 直流延迟的看法 Greater China Technology Hardware Asia Pacific Power Solutions — Our Thoughts on Rumored 800V DC Delay.pdf|MS-大中华区科技硬件_亚太：电源方案 —— 我们对传闻中 800V 直流延迟的看法 Greater China Technology Hardware Asia Pacific Power Solutions — Our Thoughts on Rumored 800V DC Delay.pdf]]

### MS-光学内容增长——不论架构如何-20260612.pdf

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- 本地资源：[[assets/docs/260615_0802__外资研报__MS-光学内容增长——不论架构如何-20260612.pdf|MS-光学内容增长——不论架构如何-20260612.pdf]]

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[[assets/docs/260615_0802__外资研报__MS-光学内容增长——不论架构如何-20260612.pdf|MS-光学内容增长——不论架构如何-20260612.pdf]]

### MS-光学驱动电路板：AI互联PCB受益者-20260612.pdf

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- 本地资源：[[assets/docs/260615_0802__外资研报__MS-光学驱动电路板：AI互联PCB受益者-20260612.pdf|MS-光学驱动电路板：AI互联PCB受益者-20260612.pdf]]

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[[assets/docs/260615_0802__外资研报__MS-光学驱动电路板：AI互联PCB受益者-20260612.pdf|MS-光学驱动电路板：AI互联PCB受益者-20260612.pdf]]

### MS-互联网_北美：我们当前的交易位置：随着 AI 硬件与 AI 软件的路线之争持续 Internet North America Where Are We Trading Now：As AI Hardware vs AI Software Flow Debates Continue.pdf

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[[assets/docs/260615_0802__外资研报__MS-互联网_北美：我们当前的交易位置：随着 AI 硬件与 AI 软件的路线之争持续 Internet North America Where Are We Trading Now：As AI Hardware vs AI Software Flow Debates Continue.pdf|MS-互联网_北美：我们当前的交易位置：随着 AI 硬件与 AI 软件的路线之争持续 Internet North America Where Are We Trading Now：As AI Hardware vs AI Software Flow Debates Continue.pdf]]

### MS-CKD（6407.T，喜开理）——半导体相关业务强劲复苏；预计2027财年起盈利大幅改善，目标价上调至5,700日元 CKD (6407) Japan Strong Semiconductor-related Recovery; Expect Sharp Earnings Improvement from F3_27.pdf

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[[assets/docs/260615_0802__外资研报__MS-CKD（6407.T，喜开理）——半导体相关业务强劲复苏；预计2027财年起盈利大幅改善，目标价上调至5,700日元 CKD (6407) Japan Strong Semiconductor-related Recovery; Expect Sharp Earnings Improvement from.pdf|MS-CKD（6407.T，喜开理）——半导体相关业务强劲复苏；预计2027财年起盈利大幅改善，目标价上调至5,700日元 CKD (6407) Japan Strong Semiconductor-related Recovery; Expect Sharp Earnings Improvement from F3_27.pdf]]

### MS-Cloudflare Inc_北美：2026 分析师日 —— 赋能智能体时代的基础设施平台 Cloudflare Inc North America Analyst Day 2026 — The Infrastructure Platform to Enable the Agentic Era.pdf

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[[assets/docs/260615_0802__外资研报__MS-Cloudflare Inc_北美：2026 分析师日 —— 赋能智能体时代的基础设施平台 Cloudflare Inc North America Analyst Day 2026 — The Infrastructure Platform to Enable the Agentic Era.pdf|MS-Cloudflare Inc_北美：2026 分析师日 —— 赋能智能体时代的基础设施平台 Cloudflare Inc North America Analyst Day 2026 — The Infrastructure Platform to Enable the Agentic Era.pdf]]