Di Yi Cai Jing·2026-02-09 00:15Core Insights - The report from Huatai Securities highlights the acceleration of Agentic Coding products, represented by Claude Code, and Agent applications, represented by OpenClaw, indicating a potential restructuring of the software industry [1] - It is predicted that 2025 will be the "Year of Agents," with 2026 likely marking the period of accelerated implementation of Agent technologies [1] - The rapid iteration of Agentic Coding is expected to significantly lower software development costs, while the value of standalone software may decline due to the "Jevons Paradox" [1] Industry Trends - The competition among major domestic and international companies for the super entry point of personal Agent assistants is anticipated to drive the next wave of token acceleration [1] - The rapid iteration of Agentic Coding could lead to an explosion of personalized, AI-generated software in the market [1] - Continuous monitoring of Agent developments is recommended as the industry evolves [1]