Xin Lang Cai Jing·2025-10-21 00:06Core Viewpoint - The industry is transitioning from competition in large model technology to the penetration of application scenarios since 2025, with internet platform companies actively seeking commercialization opportunities in their advantageous scenarios [1] Group 1: Industry Trends - The focus is shifting towards basic cloud infrastructure service providers, which are expected to benefit from downstream scenario demands and exhibit robust growth potential [1] - Advertising and vertical application sectors are highlighted, where content platforms and e-commerce platforms have natural application scenarios, and AI's efficiency in advertising is gradually becoming evident [1] Group 2: Investment Recommendations - It is recommended to pay attention to two main lines: first, basic cloud infrastructure service providers; second, the advertising and vertical application fields, which leverage their scenario advantages to tap into upstream workflow demands and provide revenue increments [1]