On November 14, the stock indexes of the two cities fluctuated during the session and accelerated their decline in late trading. The Shanghai Stock Exchange Index fell nearly 2% and fell below 3,400 points. The ChiNext Index and the Science and Technology Innovation 50 Index fell by more than 3%. All-A trading volume shrank significantly and returned to Below 2 trillion yuan.
Almost all industry sectors fell, with energy metals , small metal , communication services , electronic chemicals , semiconductor , medical services , aerospace , computer equipment , medical equipment Sectors ranked among the top losers, only insurance The sector bucked the market trend and turned red. In the October AI list, China’s domestic data is very strong. In the AI product website list (APP), Doubao and kimi have seen steady growth, with Doubao ranking second only to GPT in the world in October. In addition, Conch/MiniMax has experienced a 2773% surge. Kaiyuan Securities Said that the continuous improvement of the multi-modal capabilities of large models at home and abroad may continue to help the growth of AI application users and open up the commercialization space; CITIC Construction Investment It is believed that the recent intensive release of AI agents is expected to accelerate the development of AI applications; CITIC Securities It is pointed out that it is only a matter of time before the popular AI applications appear, and it is recommended to continue to pay attention to the AI application industry.
Kaiyuan Securities : Continue to deploy AI applications and focus on five directions
Based on the lightweight and comfortable configuration experience and the outstanding AI capabilities of the beanbag model, Byte AI headphones may further promote the sales volume of domestic AI headphones. In addition, coupled with the recent continuous improvement of multi-modal capabilities such as large model reasoning, search, and video generation at home and abroad, it may continue to Help the growth of AI application users and open up commercialization space, and continue to lay out AI applications.
Recommended attention: 1. Large model/corpus/Agent: pay attention to Kunlun Wanwei , Zhejiang Digital Culture etc.; 2. AI+Film and TV: Pay attention to Shanghai movies etc.; 3. AI+Music: Pay attention to Shengtian Network etc.; 4. AI+ e-commerce/marketing: pay attention to Gravity Media etc.; 5. AI+ education Publishing: Follow Century Tianhong wait.CITIC Construction Investment : The intensive release of AI Agent is expected to accelerate the development of AI applications
Recently, AI Agent has been released intensively, including ByteDance Doubao AI smart headset Ola Friend and Zhipu AI. The autonomous agent AutoGLM and the Kingdee AI management assistant Cangqiong APP both bring a more natural AI interaction experience and are expected to accelerate the development of AI applications. Investment suggestions: 1. Valuation restoration + procyclical white horse targets; 2. Mutual finance and brokerage IT; 3. Expected reversal IT companies (government IT, consumer IT, finance and taxation IT, government procurement IT, network security and other directions); 4. The direction of localization, party and government and industry innovation Acceleration, as well as the direction of finance and taxation IT and government procurement IT; 5. Huawei and Tesla Related industrial chain enterprises catalyzed by recent events; 6. Data elements Policy catalysis.CITIC Securities : The ecosystem is booming and waiting for AI applications to explode
In the context of stronger underlying AI capabilities, more diversified ecosystems, and lower costs, it is only a matter of time before popular AI applications emerge. Therefore, it is recommended to continue to pay attention to the AI application industry and pay attention to the progress of hot AI applications in the future. Among them, platform companies with basic AI capabilities and application scenarios deserve special attention; it is recommended to pay attention to companies in various AI application sub-sectors, as well as sub-sectors with AI transformation potential in consumption, finance, manufacturing, energy, agriculture, medicine and other industries. Industries and companies.
Guosheng Securities : On-device AI continues to develop into artificial intelligence Open the scene space on the floorRecently, on-device AI has been making continuous progress, and many manufacturers have launched on-device AI products, opening up scenario space for the implementation of artificial intelligence . The device side is an important scenario for AI applications, and its progress opens up more possibilities for the implementation of AI applications.
China Merchants Securities : Pay attention to the progress of the intelligence of the whole society under the new science and technology cycle. It is recommended to take the cycle as the axis and supply and demand as the anchor. Pay attention to the progress of the whole society's intelligence under the new science and technology cycle, including the continuous iteration of large models, computing infrastructure and AI ecology. Improvement, implementation of AI business models, and AI’s impact on consumer electronics , robot Waiting for empowerment. China Galaxy : AI applications will remain the main driving force for the development of the semiconductor industry in the past two years. The world is in the explosive stage of AIGC, which is used to provide ultra-large data centers with high-capacity and high-performance data storage and processing services. Accelerate completion and drive the steady development of the industry. AI chip The market size will grow simultaneously with the expansion of AI servers. AI applications will continue to be the main driving force for the development of the semiconductor industry. It is recommended to pay attention to domestic computing chip companies, semiconductor material companies, semiconductor equipment companies, etc.