每日研选丨节后资产怎么配？左手AI，右手黄金

Group 1: AI Video Development - AI video is driving diverse innovations in PGC (Professionally Generated Content) and UGC (User Generated Content) applications, with Sora2 enhancing character control and exploring revenue-sharing models for IP holders and creators [1] - In the UGC sector, AI video is being applied across various scenarios including entertainment, social media, e-commerce marketing, and education [1] - Investment opportunities are identified in four categories: platform and model companies, IP resource companies, content innovation companies, and those with diverse applications in e-commerce and education [1] Group 2: AI Industry Trends - Significant advancements in the AI industry include the release of Sora2, which greatly enhances model capabilities, and the announcement of a partnership between AMD and OpenAI for computing power and equity collaboration [2] - The demand for computing infrastructure is expected to see explosive growth, with a focus on both domestic and international IaaS providers [2] - The AI application sector is maturing, with consumer-side (C-end) growth and a focus on commercializing products in specific B-end verticals [2] Group 3: Content and Platform Opportunities - Breakthroughs represented by models like Sora2 are expected to stimulate new interest in AI applications, creating opportunities in the content sector and pushing media towards intelligent media [3] - The valuation increase of leading companies like OpenAI benefits their ecosystem partners indirectly, while AI technology is set to reshape content production paradigms [3] - Key areas of focus include micro-short dramas, film, animation, and the digital marketing sector, particularly mainstream community platforms like Douyin and Xiaohongshu [3] Group 4: Manufacturing Sector Recovery - The global manufacturing cycle is on an upward trend, which could significantly influence the performance of major asset classes [4] - Factors driving this recovery include a dual easing of global fiscal and monetary policies, along with accelerated capital expenditures related to AI [4] - Investment recommendations suggest focusing on high-probability assets such as large-cap tech stocks and precious metals, while also considering domestic consumption and non-bank sectors with marginal improvement characteristics [4] Group 5: Gold Market Insights - The long-term support for the gold market remains robust due to factors like the restructuring of the global monetary credit system and ongoing central bank purchases [5] - Short-term dynamics indicate that while upward momentum may have been absorbed, continued demand from market investors and geopolitical risks will likely keep gold prices strong [5] - The current state of the dollar's credit is showing cracks, presenting a long-term opportunity for gold investment [6][7]