计算机ETF（512720）盘中涨超2.7%，Agent商业化加速重塑行业格局

Group 1 - The core viewpoint is that Agent technology is achieving human-like replacement, moving beyond traditional software assistance, with Chinese enterprises showing a higher willingness to pay for Agent applications that can quickly reduce costs and have a return on investment (ROI) greater than 1 [1] - The software business model is shifting towards SaaS subscriptions, with traditional software focusing on efficiency but having ambiguous ROI calculations, while Agent technology reduces hallucinations and improves delivery quality, accelerating commercialization [1] - The total target market for Agent technology is approximately 3.61 trillion yuan, which is expected to reshape the trillion-yuan white-collar labor market, with IT and finance being core breakthrough areas [1] Group 2 - Domestic large models are lagging behind overseas counterparts by about six months, but companies like DeepSeek and Alibaba are rapidly iterating, with expectations to break through by the first half of 2026 [1] - The CS Computer Index, which the Computer ETF (512720) tracks, selects listed companies involved in software development, IT services, and hardware manufacturing to reflect the overall performance of computer-related securities [1] - The CS Computer Index focuses on the computer industry, emphasizing balanced allocation within the sector and comprehensively tracking the development of computer technology and market changes [1]