计算机行业周报：板块有望迎来估值强修复，OpenAI 宣布推出canvas

Investment Rating - The report maintains a "Buy" rating for the computer sector, indicating a strong potential for valuation recovery [2][6][43]. Core Insights - The computer sector is expected to experience a significant valuation recovery due to improved market liquidity and a shift in market logic from rebound to reversal [12][13]. - The sector has been underperforming, ranking 27th among 31 industries with a decline of 5.97% year-to-date, suggesting it is currently undervalued [13][16]. - The overall profit levels in the computer industry have been declining for nearly seven years, but there is an expectation for substantial upward elasticity in profit margins as economic conditions improve [20]. Summary by Sections 1. Valuation Recovery in the Computer Sector - Recent financial policies from the central bank and regulatory bodies aim to stabilize the stock market, providing liquidity support [12]. - The computer sector is currently at a low allocation level in funds, with a net value ratio of 2.55%, indicating potential for increased investment [16]. 2. Computing Power Dynamics - The rental prices for computing power have remained stable, with specific configurations priced at approximately 28.64 CNY/hour for A100-40G on Tencent Cloud [22]. - NVIDIA's upcoming RTX 5090 and RTX 5080 graphics cards are expected to significantly enhance performance, with the RTX 5090's total graphics power projected at 600W [24][25]. 3. AI Application Developments - OpenAI has launched a new application called Canvas, which enhances the writing and programming capabilities of ChatGPT, showing a 30% improvement in accuracy compared to previous models [4][33]. - The AI startup landscape is active, with OpenAI and Poolside securing significant funding of 6.6 billion USD and 500 million USD respectively, indicating strong investor interest in AI technologies [5][36]. 4. Investment Recommendations - The report suggests focusing on undervalued segments within the computer sector, including internet finance and AI applications, as they are expected to benefit from the ongoing recovery [6][42].