<?xml version="1.0" encoding="utf-8" standalone="yes"?><rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom"><channel><title>投资逻辑 on 没用知识库</title><link>https://blog.alansun.host/tags/%E6%8A%95%E8%B5%84%E9%80%BB%E8%BE%91/</link><description>Recent content in 投资逻辑 on 没用知识库</description><generator>Hugo -- gohugo.io</generator><language>zh-cn</language><managingEditor>alansundy@gmail.com (羊羊羊)</managingEditor><webMaster>alansundy@gmail.com (羊羊羊)</webMaster><copyright>© 2026 羊羊羊</copyright><lastBuildDate>Wed, 17 Jun 2026 00:00:00 +0000</lastBuildDate><atom:link href="https://blog.alansun.host/tags/%E6%8A%95%E8%B5%84%E9%80%BB%E8%BE%91/index.xml" rel="self" type="application/rss+xml"/><item><title>AI 算力产业链投资逻辑的新阶段：从资本开支扩散到核心瓶颈筛选</title><link>https://blog.alansun.host/posts/20260617_ai%E7%AE%97%E5%8A%9B%E4%BA%A7%E4%B8%9A%E9%93%BE%E6%8A%95%E8%B5%84%E9%80%BB%E8%BE%91%E7%9A%84%E6%96%B0%E9%98%B6%E6%AE%B5/</link><pubDate>Wed, 17 Jun 2026 00:00:00 +0000</pubDate><author>alansundy@gmail.com (羊羊羊)</author><guid>https://blog.alansun.host/posts/20260617_ai%E7%AE%97%E5%8A%9B%E4%BA%A7%E4%B8%9A%E9%93%BE%E6%8A%95%E8%B5%84%E9%80%BB%E8%BE%91%E7%9A%84%E6%96%B0%E9%98%B6%E6%AE%B5/</guid><description>当“AI CapEx 普涨扩散”逻辑告一段落，算力投资进入去伪存真阶段。本文从量、价、产品结构与持续性四维出发，将产业链划分为四大象限并梳理存储、光互连与供电散热的核心卡位。</description><media:content xmlns:media="http://search.yahoo.com/mrss/" url="https://blog.alansun.host/posts/20260617_ai%E7%AE%97%E5%8A%9B%E4%BA%A7%E4%B8%9A%E9%93%BE%E6%8A%95%E8%B5%84%E9%80%BB%E8%BE%91%E7%9A%84%E6%96%B0%E9%98%B6%E6%AE%B5/featured.jpg"/></item></channel></rss>