【兴证通信】通信行业周报：牛市行情通信如何配置？

Investment Rating - The report maintains an "Overweight" rating for the communication industry [2][3]. Core Viewpoints - The communication sector is currently positioned for growth, with a focus on AI computing, communication semiconductors, cyclical recovery, and dividend assets [2][3]. - AI computing is highlighted as a high-growth area, with strong performance in Q3 and low valuations for key players [2][3]. - The semiconductor sector is expected to benefit from recent market trends, particularly in Hong Kong, with domestic companies poised for gains [2][3]. - The cyclical recovery is driven by domestic economic improvements, positively impacting IoT and smart controller companies [3][8]. - Dividend assets are becoming more attractive due to recent policies enhancing dividend payouts from major telecom operators [3][8]. Summary by Sections Weekly Investment Overview - The report emphasizes the importance of AI computing, communication semiconductors, cyclical sectors, and dividend assets as key investment themes [7][8]. - Key recommended stocks include Zhongji Xuchuang, Xinyi Sheng, Tianfu Communication, China Mobile, and Dingtong Technology [8]. Industry Dynamics - OpenAI announced a $6.6 billion funding round, raising its valuation to over $150 billion, indicating strong investment in AI infrastructure [9]. - New features were introduced at OpenAI's developer conference, simplifying the development of AI applications [10]. - Meta launched a new model capable of generating high-quality videos, showcasing advancements in AI technology [11]. Major Events - A list of significant upcoming events for communication companies is provided, including shareholder meetings and earnings announcements [15][16].