通信行业周报：2024Q2AI服务器占比29%，季报期聚焦业绩方向

Investment Rating - The report gives a "Recommended" rating for the telecommunications and electronics industry, considering the sustained high prosperity of the sector driven by AI, 5.5G, and satellite communications [3]. Core Insights - The overall market performance shows a decline, with the Shanghai Composite Index down 3.56% and the Shenzhen Component Index down 4.45% during the week of October 8-11, 2024. The telecommunications sector index also fell by 1.99% [3][12]. - The AI server market is rapidly expanding, accounting for 29% of the global server market in Q2 2024, with a market value of $45.422 billion, reflecting a 35% year-on-year growth [4]. - The demand for AI servers has surged since the launch of ChatGPT in 2022, significantly boosting the overall server market [4]. Summary by Sections Market Overview - The telecommunications sector experienced a decline, with the index down 1.99% during the week of October 8-11, 2024. The highest increase among sub-sectors was in communication network equipment and devices, which rose by 0.88%, while other communication devices saw a decline of 5.81% [3][12][14]. Sub-sector Performance - In the telecommunications sub-sectors, communication network equipment and devices had the highest increase at 0.88%, while other communication devices faced the largest decline at -5.81% [14][15]. Individual Stock Performance - Among individual stocks, the highest gains were seen in Chengtian Weiye (27.64%), Hainengda (25.04%), and Shenyu Co., Ltd. (23.82%) during the same period [3][16]. Industry News - The report highlights significant developments, including the Chinese government's push for public data utilization and SpaceX's fifth test flight of the Starship, indicating ongoing advancements in the telecommunications and aerospace sectors [18][19]. Company Announcements - Key announcements from companies in the telecommunications sector include significant profit forecasts, with companies like Huadian Co. and Dinglong Co. expecting substantial increases in net profits for Q3 2024, driven by demand in emerging computing scenarios [20][21].