开盘：三大指数涨跌不一 体育产业涨幅居前

Market Overview - The three major indices showed mixed performance, with the sports industry leading in gains. As of the market opening, the Shanghai Composite Index was at 3761.88 points, down 0.11%, the Shenzhen Component Index at 12140.76 points, up 0.18%, and the ChiNext Index at 2789.91 points, up 0.49% [1] Institutional Insights - CICC's report indicated that the recent decline of over 1% in the Shanghai Composite Index does not alter the mid-term trend, with limited downside risks. The upward trend since September 2022 is expected to continue. The overall valuation of the A-share market is considered reasonable, and the market's performance globally has been in the mid-range. Positive growth in A-share earnings is anticipated for the year, with the second half expected to outperform the first half. Additionally, policy benefits are becoming evident, with regulatory emphasis on maintaining the stability and positive momentum of the capital market [2] - CITIC Securities highlighted that domestic AI applications are benefiting from accelerated industrial development and technological evolution. Numerous companies have reported positive progress in AI application implementation. The current phase of AI application in China is characterized by rapid penetration, particularly in enterprise management, industrial manufacturing, and marketing sectors. Overall, leading companies in various fields are expected to see a positive outlook for AI application revenue, with the annual revenue share of AI applications likely to exceed double digits. AI-related businesses are helping downstream clients reduce costs and increase efficiency, while AI application companies are lowering development costs through internal empowerment, both contributing to improved gross margins and profitability for companies in this sector [2] - Investment recommendations suggest that the computer sector will see continuous performance improvement in the first half of 2025, with a focus on investment opportunities in AI software and hardware, trusted computing, and stablecoins [2]