西部利得基金吴海健： 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] Group 1: Market Trends - There is a noticeable shift in AI investment from upstream computing power to downstream applications, following historical patterns of technology waves [2] - The development of AI glasses is expected to follow a trajectory similar to TWS (True Wireless Stereo) earphones, with rapid penetration expected in the coming years [2] - Major global companies like Apple, Meta, OpenAI, and ByteDance are anticipated to release new products between 2026 and 2027, which may act as catalysts for the market [2] Group 2: Investment Strategy - The investment team at Xibu Lide Fund focuses on identifying core companies within the AI industry chain that have competitive advantages, strong governance, and favorable odds [3] - The team has established a dedicated AI task force to systematically track key variables such as policies, product launches, technological breakthroughs, and supply-demand dynamics to capture rapid growth opportunities [3] - A comprehensive risk control mechanism is in place to dynamically monitor stock purchase logic, risk-reward ratios, and macroeconomic assessments to minimize portfolio drawdown risks while pursuing excess returns [3] Group 3: Fund Launch - The Xibu Lide Innovation-Driven Mixed Fund, managed by Wu Haijian, is set to launch from February 2 to February 6, focusing on the high-growth potential of the AI application sector [4] - The fund aims to capitalize on the acceleration phase of AI terminal products, seeking to uncover investment opportunities arising from non-linear changes in the industry [4]