紧跟AI端侧浪潮 把握“戴维斯双击”

Core Insights - The AI application sector is beginning to show performance as the domestic AI computing infrastructure is becoming more established, shifting focus towards downstream applications and terminals, with blockbuster AI products on the horizon [1][2] - Historical tech innovation cycles indicate that core companies often achieve a "Davis Double" in performance and valuation, highlighting the importance of identifying key players in the AI application field [1][2] Industry Trends - There is a noticeable shift in AI investment from upstream computing power to downstream applications, following a historical pattern of moving from infrastructure to popular applications and thriving ecosystems [1][2] - The development of AI glasses is expected to follow a trajectory similar to TWS (True Wireless Stereo) earphones, with rapid penetration anticipated in the coming years as major companies like Apple, Meta, OpenAI, and ByteDance prepare to launch new products between 2026 and 2027 [2] Investment Strategy - The company focuses on identifying core positions within the AI industry chain, targeting companies with favorable competitive dynamics, governance, and industry positioning, which are likely to bind with leading clients and occupy critical roles [3] - A dedicated AI investment team has been established to systematically track key variables such as policies, product launches, technological breakthroughs, and supply-demand dynamics to capture non-linear growth opportunities in the AI sector [3] Fund Launch - The West China Gain Innovation-Driven Mixed Fund, managed by Wu Haijian, is set to launch from February 2 to February 6, focusing on high-growth potential in the AI terminal sector, aiming to capitalize on the acceleration phase of AI products [4]