Zhongtai Securities(SH:600918) 智通财经网·2025-06-08 23:31Core Viewpoint - The international situation is accelerating the need for self-reliance in technology, with significant opportunities in various sectors driven by policy and the rise of artificial intelligence [1][4]. Group 1: Market Dynamics - The computer sector has experienced significant volatility, with a mix of strong expectations and weak realities affecting performance [2]. - The macroeconomic slowdown and constrained downstream spending have put pressure on the fundamentals of the computer sector, while themes of AI and self-reliance continue to drive optimism [2][3]. Group 2: Sector Performance - Cross-cycle technology sectors, such as industrial software and energy IT, are showing higher operational prosperity, while traditional information technology sectors are under pressure [3]. - In Q1 2025, the median revenue growth rate for the computer sector was 2.5%, indicating a slight year-on-year decline but a positive quarter-on-quarter trend [3]. Group 3: Investment Opportunities - There is a strong focus on capturing opportunities in the new wave of artificial intelligence technology and industry revolution, particularly in AI application investments [3]. - Short-term attention should be directed towards policy-driven areas, especially in self-reliance initiatives, with specific interest in foundational software and hardware, as well as industry application software [4].