Di Yi Cai Jing·2025-09-12 00:08Group 1 - The computing power sector is still in the performance realization phase and has a relatively moderate valuation level, with continued optimism for computing-related PCB, domestic computing, IP licensing, and chip inductors in the second half of the year [1] - The year 2026 may be a key year for the recovery of the foldable screen market, with rumors of Apple's foldable products expected to enhance overall category discussion and potentially bring new considerations in software interaction and hardware design, further stimulating market demand [1] - Newly launched wearable devices this year are also expected to drive market recovery [1] Group 2 - AR glasses manufacturers are pushing AR glasses from being "niche geek toys" to "mainstream smart terminals" through technological breakthroughs, ecosystem integration, and market penetration, with the maturity of AI and AR technologies likely making smart glasses the next mainstream computing terminal after smartphones [1]