通信行业周报：2024Q2 AI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 telecommunications 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%, the Shenzhen Component Index down 4.45%, and the ChiNext Index down 3.41% during the week of October 8-11, 2024. The telecommunications sector specifically saw a decline of 1.99% [3][12]. - The AI server market is rapidly expanding, with AI servers accounting for 29% of the global server market in Q2 2024, leading to a market value of $45.422 billion, a 35% year-on-year increase [4]. - The demand for AI servers has surged since the launch of ChatGPT in 2022, significantly impacting the overall server market growth [4]. Summary by Sections Market Overview - The telecommunications sector experienced a general downturn, with the telecommunications index declining by 1.99% during the specified week [12]. - Among the sub-sectors, communication network equipment and devices had the highest increase at 0.88%, while other communication devices saw the largest decline at -5.81% [14]. Stock Performance - In terms of individual stock performance, the top gainers in the telecommunications sector were Cheng Tian Wei Ye (27.64%), Hai Neng Da (25.04%), and Shen Yu Co., Ltd. (23.82%) [16]. Industry News - A significant policy initiative was announced to promote the development and utilization of public data resources, which is expected to enhance the data market and address systemic barriers [18]. - SpaceX successfully launched its Starship for the fifth time, marking a notable event in the aerospace sector [19]. Company Announcements - Key announcements from companies in the telecommunications sector included significant profit forecasts, with some companies expecting net profits to increase by 91.05% to 96.29% year-on-year [20].