计算机行业周报：中美科技竞争加剧，继续聚焦泛自主可控各方向

Investment Rating - The report maintains an investment rating of "Leading the Market - A" for the computer industry, indicating an expected investment return that will exceed the CSI 300 index by 10% or more over the next six months [6]. Core Viewpoints - The report emphasizes that the recent U.S. election results, particularly Trump's victory, will likely intensify the U.S.-China tech competition, making "self-reliance" a critical theme for China's industrial development in the coming years [1][12]. - The report identifies the "Xinchuang" (信创) industry as a key area benefiting from multiple favorable factors, including worsening external conditions and supportive government policies, which are expected to drive domestic substitution in technology [2][13]. - The report highlights the growing demand for domestic AI computing power and the Huawei Harmony chain as new growth directions within the broader self-reliance strategy [4][14]. Summary by Sections Industry Performance - The computer industry index increased by 14.89% this week, outperforming the Shenzhen Component Index by 8.14% and the ChiNext Index by 5.57% [16][19]. Market Outlook - The report suggests that the Xinchuang industry is poised for growth due to favorable policies and increasing demand for domestic technology solutions, with a year-on-year revenue growth of 10.53% noted for the first half of 2024 [2][13]. - The report recommends focusing on companies such as China Software, China Great Wall, and Dameng Data, which are expected to benefit from the ongoing domestic substitution trend [2][13]. AI and Computing Power - The demand for domestic AI servers and intelligent computing centers is highlighted as a new growth area, with strong potential for future expansion [4][14]. - The report suggests that companies like Zhongke Shuguang and Cambrian are well-positioned to capitalize on this trend [4][14]. Military and Aerospace Infrastructure - The report notes that the military informationization and aerospace infrastructure sectors are expected to benefit from heightened geopolitical tensions, with recommendations to focus on companies like Nengke Technology and Aerospace Hongtu [9][15]. Industry News - Recent developments in artificial intelligence, such as Tencent's launch of a large model with 389 billion parameters, are noted as significant advancements in the sector [21]. - The establishment of various industry funds, including a 20 billion yuan fund for low-altitude economy, indicates growing governmental support for emerging sectors [22].