计算机行业周报：产业再迎政策利好，低空经济乘势而上

Investment Rating - The report maintains a positive investment rating for the computer industry, suggesting a focus on leading companies at the bottom of the market [1]. Core Insights - The computer index increased by 2.17% from July 28 to August 3, outperforming the ChiNext index by 3.45 percentage points and the Shanghai Composite index by 1.67 percentage points, ranking 11th among all industries [1]. - The report emphasizes the importance of actively positioning in leading companies as a recovery window is anticipated, with performance expectations having been largely digested [1][7]. - There is a notable increase in capital expenditure from major overseas companies like Google, Microsoft, and Meta, indicating sustained high demand for computing power driven by AI [2][7]. - The low-altitude economy is expected to accelerate development due to supportive policies, with Shenzhen planning to establish over 1,000 low-altitude takeoff and landing platforms by the end of 2025 [9][12]. Summary by Sections Industry Weekly Perspective - The report suggests a focus on leading companies at the bottom of the market as a recovery window is anticipated, with performance expectations largely digested [7]. - The capital expenditure of major overseas companies has increased significantly, reflecting high demand for computing power driven by AI [2][7]. Low-Altitude Economy - Shenzhen has set clear development goals for the low-altitude economy, aiming to become a global leader in this sector [9]. - The city plans to build over 1,000 low-altitude takeoff and landing platforms and open 75% of its airspace for drone operations by 2025 [10][12]. - A comprehensive policy framework has been established in Shenzhen to support the low-altitude economy, covering the entire industry chain from manufacturing to operation [12]. Investment Recommendations - The report recommends focusing on companies involved in the low-altitude economy, such as 莱斯信息 (Lais Information), 深城交 (Shencheng Transportation), 中科星图 (Zhongke Xingtou), and 航天宏图 (Aerospace Hongtu) [22].