Xin Lang Cai Jing·2026-01-16 09:24Core Viewpoint - The computer industry is expected to experience a strong start in early 2026, with a potential bottom reversal in industry prosperity driven by AI applications and opportunities in the domestic computing power supply chain [1][5]. Industry Performance - As of early 2026, the computer industry index has increased by 18.04%, ranking third among SW primary industries, significantly outperforming major indices such as the Shanghai Composite Index (3.96%), CSI 300 (2.42%), ChiNext Index (4.56%), and STAR Market 50 Index (11.66%) [6]. - The Wind AI application index has risen by 19.25%, indicating strong market recognition of the AI application sector, which is becoming a core driver for the rebound in the computer sector's prosperity [6]. AI Application Trends - The AI application sector is witnessing a series of favorable catalysts, reshaping flow logic. Major AI model companies like Zhipu and MiniMax have recently gone public and performed strongly, while international movements, such as NVIDIA's $1 billion collaboration with Eli Lilly and OpenAI's acquisition of Torch, further enhance the positive outlook for AI applications [2][6]. - The transition from traditional SEO (Search Engine Optimization) to GEO (Generative Engine Optimization) is accelerating, pushing AI applications from a technology validation phase to a commercial value realization phase [2][6]. Commercialization Pathways - B-end AI applications are expected to see the first wave of explosive growth, with a focus on sectors such as AI + marketing, AI + industrial software, AI + healthcare, and AI + finance [7]. - Traditional C-end companies with strong user bases and brand influence can further solidify their competitive advantages through AI empowerment, making them worthy of long-term investment tracking [7]. Computing Power Infrastructure - The domestic computing power sector is entering a new development cycle, with a recovery trend in AIDC bidding observed in Q4 2025. Major internet companies in China are expected to accelerate data center layouts in 2026 [3][7]. - If H200 supply is restored, it will significantly enhance large model training efficiency, further accelerating the implementation of AI applications and driving demand for domestic computing power chips in inference [3][7]. Investment Recommendations - The report suggests focusing on two main investment lines for 2026, with eight specific sub-sector recommendations: 1. Large model and MaaS vendors, including Alibaba-W, Zhipu, MiniMax, and iFlytek 2. Domestic computing power and data center supply chain, including Cambrian, Haiguang Information, Runze Technology, and Inspur 3. AI + marketing sector, including BlueFocus and Visual China 4. AI + industrial software sector, including Dingjie Zhizhi and BGI 5. AI + healthcare sector, including Jingtai Holdings and Weining Health 6. AI + office sector, including Kingsoft Office and Wanjing Technology 7. AI + ERP sector, including Kingdee International and Yonyou Network 8. AI + finance sector, including Hengsheng Electronics and Tonghuashun [8].