--- title: "#外资研报" topic_id: 22258818255248881 created_at: 2026-09-14T08:54:47.964+0800 source: zsxq type: topic cssclasses: zsxq-vault --- # #外资研报 - 序号：389 - 星球链接：[打开网页](https://wx.zsxq.com/group/15522451881222/topic/22258818255248881) - 附件：图片 0，音频 0，文档 9 - 音频文件：_无音频_ ## 图片 _无图片_ ## 正文 详情页仍未获取到全文。原始列表正文可能被截断。 ## 总体总结 主题正文 1. 详情页仍未获取到全文。 2. 原始列表正文可能被截断。 ## 文档 ### SemiAnalysis：数据中心表后供电为何如此困难？.pdf - 状态：downloaded - 错误：401 Client Error: Unauthorized for url: https://api.zsxq.com/v2/files/584155225821424/download_url - 本地资源：[[assets/docs/260914_0854__外资研报__SemiAnalysis：数据中心表后供电为何如此困难？.pdf|SemiAnalysis：数据中心表后供电为何如此困难？.pdf]] #### 预览 [[assets/docs/260914_0854__外资研报__SemiAnalysis：数据中心表后供电为何如此困难？.pdf|SemiAnalysis：数据中心表后供电为何如此困难？.pdf]] ### SemiAnalysis-TPU 推理外部化全面加速推进 - InferenceX --- TPU Inference Externalization Full Steam Ahead - InferenceX.pdf - 状态：downloaded - 错误：401 Client Error: Unauthorized for url: https://api.zsxq.com/v2/files/814822552152152/download_url - 本地资源：[[assets/docs/260914_0854__外资研报__SemiAnalysis-TPU 推理外部化全面加速推进 - InferenceX --- TPU Inference Externalization Full Steam Ahead - InferenceX.pdf|SemiAnalysis-TPU 推理外部化全面加速推进 - InferenceX --- TPU Inference Externalization Full Steam Ahead - InferenceX.pdf]] #### 预览 [[assets/docs/260914_0854__外资研报__SemiAnalysis-TPU 推理外部化全面加速推进 - InferenceX --- TPU Inference Externalization Full Steam Ahead - InferenceX.pdf|SemiAnalysis-TPU 推理外部化全面加速推进 - InferenceX --- TPU Inference Externalization Full Steam Ahead - InferenceX.pdf]] ### SemiAnalysis-数据中心表后电源：科学实验还是印钞机-20260910.pdf - 状态：downloaded - 错误：401 Client Error: Unauthorized for url: https://api.zsxq.com/v2/files/181544224824482/download_url - 本地资源：[[assets/docs/260914_0854__外资研报__SemiAnalysis-数据中心表后电源：科学实验还是印钞机-20260910.pdf|SemiAnalysis-数据中心表后电源：科学实验还是印钞机-20260910.pdf]] #### 预览 [[assets/docs/260914_0854__外资研报__SemiAnalysis-数据中心表后电源：科学实验还是印钞机-20260910.pdf|SemiAnalysis-数据中心表后电源：科学实验还是印钞机-20260910.pdf]] ### UBS-迪威尔-688377-NDR纪要；Q226受累于汇率折旧，Q4或现拐点.pdf - 状态：downloaded - 错误：401 Client Error: Unauthorized for url: https://api.zsxq.com/v2/files/181544224825482/download_url - 本地资源：[[assets/docs/260914_0854__外资研报__UBS-迪威尔-688377-NDR纪要；Q226受累于汇率折旧，Q4或现拐点.pdf|UBS-迪威尔-688377-NDR纪要；Q226受累于汇率折旧，Q4或现拐点.pdf]] #### 预览 [[assets/docs/260914_0854__外资研报__UBS-迪威尔-688377-NDR纪要；Q226受累于汇率折旧，Q4或现拐点.pdf|UBS-迪威尔-688377-NDR纪要；Q226受累于汇率折旧，Q4或现拐点.pdf]] ### UBS-海尔智家-600690-2Q26业绩符合预期；成本上升但毛利率坚挺-20260828.pdf - 状态：downloaded - 错误：401 Client Error: Unauthorized for url: https://api.zsxq.com/v2/files/181544224824412/download_url - 本地资源：[[assets/docs/260914_0854__外资研报__UBS-海尔智家-600690-2Q26业绩符合预期；成本上升但毛利率坚挺-20260828.pdf|UBS-海尔智家-600690-2Q26业绩符合预期；成本上升但毛利率坚挺-20260828.pdf]] #### 预览 [[assets/docs/260914_0854__外资研报__UBS-海尔智家-600690-2Q26业绩符合预期；成本上升但毛利率坚挺-20260828.pdf|UBS-海尔智家-600690-2Q26业绩符合预期；成本上升但毛利率坚挺-20260828.pdf]] ### Nomura-SEMICON Taiwan 2026参会纪要：设备交期延长与供应扩张紧迫性并存；光子设备集中展示；热管理方案热议.pdf - 状态：downloaded - 错误：401 Client Error: Unauthorized for url: https://api.zsxq.com/v2/files/181544224825142/download_url - 本地资源：[[assets/docs/260914_0854__外资研报__Nomura-SEMICON Taiwan 2026参会纪要：设备交期延长与供应扩张紧迫性并存；光子设备集中展示；热管理方案热议.pdf|Nomura-SEMICON Taiwan 2026参会纪要：设备交期延长与供应扩张紧迫性并存；光子设备集中展示；热管理方案热议.pdf]] #### 预览 [[assets/docs/260914_0854__外资研报__Nomura-SEMICON Taiwan 2026参会纪要：设备交期延长与供应扩张紧迫性并存；光子设备集中展示；热管理方案热议.pdf|Nomura-SEMICON Taiwan 2026参会纪要：设备交期延长与供应扩张紧迫性并存；光子设备集中展示；热管理方案热议.pdf]] ### Nomura-大中华区半导体：设备供应、光子学与热管理 Greater China Semi：Equipment supply, photonics, and thermal.pdf - 状态：downloaded - 错误：401 Client Error: Unauthorized for url: https://api.zsxq.com/v2/files/412855445148258/download_url - 本地资源：[[assets/docs/260914_0854__外资研报__Nomura-大中华区半导体：设备供应、光子学与热管理 Greater China Semi：Equipment supply, photonics, and thermal.pdf|Nomura-大中华区半导体：设备供应、光子学与热管理 Greater China Semi：Equipment supply, photonics, and thermal.pdf]] #### 预览 [[assets/docs/260914_0854__外资研报__Nomura-大中华区半导体：设备供应、光子学与热管理 Greater China Semi：Equipment supply, photonics, and thermal.pdf|Nomura-大中华区半导体：设备供应、光子学与热管理 Greater China Semi：Equipment supply, photonics, and thermal.pdf]] ### Nomura-全球AI趋势追踪——CIOE 2026前瞻：200G400G芯片、硅光、NPOCPO及特种光纤引领光通信下一轮升级.pdf - 状态：downloaded - 错误：401 Client Error: Unauthorized for url: https://api.zsxq.com/v2/files/214822552152411/download_url - 本地资源：[[assets/docs/260914_0854__外资研报__Nomura-全球AI趋势追踪——CIOE 2026前瞻：200G400G芯片、硅光、NPOCPO及特种光纤引领光通信下一轮升级.pdf|Nomura-全球AI趋势追踪——CIOE 2026前瞻：200G400G芯片、硅光、NPOCPO及特种光纤引领光通信下一轮升级.pdf]] #### 预览 [[assets/docs/260914_0854__外资研报__Nomura-全球AI趋势追踪——CIOE 2026前瞻：200G400G芯片、硅光、NPOCPO及特种光纤引领光通信下一轮升级.pdf|Nomura-全球AI趋势追踪——CIOE 2026前瞻：200G400G芯片、硅光、NPOCPO及特种光纤引领光通信下一轮升级.pdf]] ### Nomura-全球内存——基本面与股价之间的背离.pdf - 状态：downloaded - 错误：401 Client Error: Unauthorized for url: https://api.zsxq.com/v2/files/214822552152151/download_url - 本地资源：[[assets/docs/260914_0854__外资研报__Nomura-全球内存——基本面与股价之间的背离.pdf|Nomura-全球内存——基本面与股价之间的背离.pdf]] #### 预览 [[assets/docs/260914_0854__外资研报__Nomura-全球内存——基本面与股价之间的背离.pdf|Nomura-全球内存——基本面与股价之间的背离.pdf]]