计算机行业周报（2024.10.28—2024.11.01）：AI算力持续景气，数据要素政策密集落地

Investment Rating - The report maintains an "Overweight" investment rating for the computer industry [1] Core Viewpoints - The North American tech giants are expected to increase their capital expenditures significantly, with a total projected spending of $200 billion for Amazon, Microsoft, Meta, and Alphabet, representing a 42% year-over-year growth [2] - Domestic computing companies have shown strong performance, with notable revenue growth in Q3 2024, such as Industrial Internet achieving revenue of 170.28 billion yuan (YoY +39.53%) and Langchao Information with revenue of 41.06 billion yuan (YoY +76.24%) [2] - A series of data element policies have been rolled out, indicating a national emphasis on the development of the data element industry, with multiple local governments also issuing relevant regulations [3] Summary by Sections Market Review - The report notes that during the week of October 28 to November 1, the Shanghai Composite Index fell by 0.84%, while the computer (Shenwan) index decreased by 0.98%, outperforming the Shanghai Composite by 0.70 percentage points [1] Weekly Insights - Capital expenditures from major North American tech companies are on the rise, with significant increases expected in AI investments and infrastructure [2] - Domestic computing companies are validating the high demand for AI computing power through strong revenue and profit growth [2] Policy Developments - The report highlights the release of several key policy documents aimed at enhancing the development and utilization of public data resources, marking a new phase in data element policy implementation [3] Investment Recommendations - The report suggests focusing on domestic computing companies such as Haiguang Information, Cambrian, and Shenzhou Digital, as well as data element companies like Yihualu and Guoxin Health [4]