A股人形机器人概念震荡回升，兆威机电涨停，拓斯达涨超10%，步科股份、杰克科技、华依科技、汇川技术、丰立智能、奥比中光等跟涨。

Deutsche Bank says NVIDIA earnings have become macro events on par with nonfarm payrolls and CPI, but markets are growing less sensitive to “demand continuing to beat expectations.” Recent quarters’ upside surprises have been smaller than in 2023–24, and NVIDIA shares fell the next day after each of the past four reports. Bloomberg reports some large NVIDIA customers were told servers using its AI chips will face price increases. Deutsche Bank views that as further evidence AI could be inflationary: AI capex can raise productivity and supply capacity, yet surging compute demand may generate cost pressure through higher capital-goods (server) prices. As a result, investor focus for upcoming NVIDIA results should broaden from order strength to pricing, costs and industry profit allocation. Continued AI capex growth still validates demand, but sustained server price rises would prompt markets to reassess corporate cost and inflation implications.

中国7月本年迄今全国发电装机容量 407820万千瓦，前值404252万千瓦。