电子行业周报：GPU企业加速上市进程，国产算力有望迎来加速发展

请务必阅读正文之后的免责条款部分行业研究●证券研究报告行业周报领先大市(维持)评级1M3M12M3.250.8917.196.47.9332.81熊军SAC执业证书编号：S0910525050001xiongjun@huajinsc.cn电子：如何看待全球及国内算力的景气度？-行业周报_电子_如何看待全球及国内算力的景气度？——_20250609-060152025.6.15 1/21 投资评级首选股票一年行业表现资料来源：聚源升幅%相对收益绝对收益分析师相关报告 http://www.huajinsc.cn/内容目录1、国内智能算力快速增长，算力市场进入高质量发展时期...............................................................................41.1华为CloudMatrix384AI超节点发布.....................................................................................................61.2龙芯中科发布新一代CPU及GPGPU...................................................................................................71.3国内多家GPU企业发布招股说明，国内GPU算力发展脚步加快.........................................................91.4国内政策利好算力市场发展.................................................................................................................122、行情回顾......................................................................................................................................................122.1周涨跌幅排名.......................................................................................................................................122.2全球行情一览.......................................................................................................................................133、行业高频数据跟踪.......................................................................................................................................153.1面板价格..............................................................................................................................................153.2存储器价格...........................................................................................................................................174、风险提示......................................................................................................................................................19图表目录图1：CloudMatrix架构与传统架构对比.............................................................................................................6图2：CloudMatrix架构创新图3：DeepSeek-R1的总体预填充吞吐量（每个加速器）................................................................................7图4：DeepSeek-R1的总体解码吞吐量（每个加速器）...................................................................................7图5：龙芯3C6000服务器主板方案...................................................................................................................8图6：龙芯3C6000服务器主板方案对比Intel....................................................................................................8图7：龙芯2K3000/3B6000N.............................................................................................................................8图8：龙芯首款GPU芯片9A1000....................................................................................................................8图9：摩尔线程主要产品分类............................................................................................................................11图10：MUSA架构示意图.................................................................................................................................11图11：沐曦股份典型的GPU芯片基本组成架构.............................................................................................12图12：MXMACA软件栈框架结构...................................................................................................................12图13：2025/07/07-2025/07/11申万一级各行业涨跌幅（%）.........................................................................13图14：2025/07/07-2025/07/11电子各行业涨跌幅（%）.................................................................................13图15：费城半导体指数（短时间维度）...........................................................................................................14图16：费城半导体指数（长时间维度）...........................................................................................................14图17：2025/04/28-2025/07/11各类DRAM颗粒现货价格（美元）................................................................17图18：近两周DDR516G（2Gx8）4800/5600颗粒现货价格（$）...............................................................18图19：近两周DDR416Gb（1Gx16）3200颗粒现货价格（$）.....................................................................18图20：近两周DDR416Gb（2Gx8）3200颗粒现货价格（$）.......................................................................18图21：近两周DDR48Gb（1Gx8）3200颗粒现货价格（$）.........................................................................18图22：近两周DDR48Gb（512Mx16）3200颗粒现货价格（$）...................................................................18图23：近两周DDR34Gb（512Mx8）1600/1866颗粒现货价格（$）............................................................18表1：2025/07/07-2025/07/11全球半导体龙头公司行情..................................................................................15 2/21请务必阅读正文之后的免责条款部分....................................................................................................................6 http://www.huajinsc.cn/3/21请务必阅读正文之后的免责条款部分表2：2025年7月TV面板价格风向标..........................................................................................................