Group 1 - 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 expected to emerge [1][2] - Historical technology 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] - The investment strategy involves focusing on core segments of the AI industry chain, identifying companies with favorable competitive positions, governance, and industry status, which are likely to bind with leading customers and occupy critical roles [3] Group 2 - The AI investment trend is shifting from upstream computing power to downstream applications, with expectations of rapid growth in AI hardware products, such as AI glasses, which may follow a development path similar to TWS earphones [2] - Major global companies like Apple, Meta, OpenAI, and ByteDance are expected to launch new products between 2026 and 2027, potentially acting as catalysts for the market [2] - The investment team at the company has established a dedicated AI task force to systematically track key variables such as policies, product launches, and technological breakthroughs, aiming to capture non-linear changes in the AI industry [3][4]
西部利得基金吴海健：紧跟AI端侧浪潮 把握“戴维斯双击”
Zhong Guo Zheng Quan Bao·2026-02-02 00:35