中信证券：AI大模型对软件的影响情绪扩散，软件应用板块整体调整

Core Viewpoint - The report from CITIC Securities indicates that the sentiment surrounding the impact of AI large models on software is spreading, leading to an overall adjustment in the software application sector. Companies with industry know-how and high-quality data are expected to create a competitive moat and benefit significantly from AI empowerment in the AI Agent era [1] Group 1: Industry Insights - The software application sector is experiencing an overall adjustment due to the influence of AI large models [1] - Companies that possess industry know-how and high-quality data are likely to establish a competitive advantage [1] Group 2: Investment Recommendations - It is suggested to focus on companies with advantages in large models, enterprise-level Agent software, vertical Agent software, and AI infrastructure [1] - Companies that exhibit flexibility in new scenarios such as AI for Services (AI4S), advertising and marketing, multimodal applications, and robotics are also recommended for attention [1]