天风证券：重点看好AI终端设备产业链机遇

Core Viewpoint - The joint issuance of guidelines by eight departments, including the Ministry of Commerce, aims to significantly boost digital consumption and create a better life in the digital age, with a focus on the AI terminal device industry chain opportunities [1] Group 1: Policy Initiatives - The guidelines emphasize accelerating innovation in artificial intelligence terminal products, particularly in areas such as AI smartphones, computers, wearable devices, and intelligent robots [1] - The initiative promotes the interconnectivity of smart home appliances and pilot projects for intelligent connected vehicles, aiming to stimulate new demand through new supply [1] Group 2: Market Impact - The policy measures are expected to directly stimulate the digital consumption market and create a virtuous cycle of "demand driving supply" [1] - This will lead to upgrades in upstream industries such as chips and sensors, injecting new momentum into the consumer electronics industry [1]