通信行业周报：AI软硬件催化持续进行，北斗导航题材值得关注

Investment Rating - The communication industry maintains an "Overweight" rating [4][7]. Core Insights - The global expansion of computing infrastructure and the clear evolution of edge AI applications are significant trends. Major investments in AI infrastructure are being made, such as Microsoft's $1.5 billion investment in the UAE and AWS's planned $5.3 billion investment in Saudi Arabia [5][15]. - The successful launch of the 59th and 60th BeiDou navigation satellites enhances the operational stability of the BeiDou system, which integrates multiple functionalities and high precision, benefiting industries like autonomous driving and high-precision mapping [5][15]. Summary by Sections 1. Recent Market Performance - The communication sector index decreased by 0.28% over the past week, ranking last among 30 primary sectors. The top five performing stocks included Datang Telecom (+33.05%) and Dingxin Communications (+21.43%), while the worst performers included Dafu Technology (-12.35%) and Shenyu Co., Ltd. (-7.21%) [4][10][12]. 2. Weekly Insights - The AI infrastructure is experiencing global expansion, with significant investments and partnerships emerging. The market penetration of AI smartphones is expected to exceed 60% within three years, with global shipments projected to reach 70% by 2028 [5][15]. - The BeiDou satellite system's continuous optimization is expected to enrich ground application scenarios, benefiting industries such as intelligent connected vehicles and high-precision mapping [5][15]. 3. Industry News - The semiconductor industry reached a record revenue of $162.1 billion in Q2 2024, driven primarily by Nvidia. However, over 50% of surveyed companies reported a decline in revenue compared to the previous year [7][18]. - The Ethernet switch market has seen a 30% decline in revenue for three consecutive quarters, although recovery is anticipated in Q4 2024 [21]. 4. Investment Recommendations - Suggested stocks to watch include those related to AI, such as Inspur Information and ZTE Corporation, and satellite-related stocks like Huace Navigation and Hezhong Shizhuang [6][17].