计算机行业周报：北美AI应用业绩高增，AI Agent产业趋势加速

Investment Rating - The industry investment rating is maintained at "Overweight" [6][12]. Core Viewpoints - The report highlights significant growth in AI applications in North America, with companies like AppLovin and Meta showing impressive revenue increases due to AI integration [4]. - The domestic and international progress in AI Agent development is noted, with companies like OpenAI and Baidu making substantial advancements in AI capabilities and applications [5]. - The report suggests a focus on AI computing and application sectors for investment opportunities, recommending specific companies within these categories [6]. Market Review - In the past week (November 11-15), the Shanghai Composite Index fell by 3.52%, the ChiNext Index by 3.36%, and the CSI 300 Index by 3.29%. The computer sector (Shenwan) index decreased by 3.41%, outperforming the Shanghai Composite by 0.11 percentage points but underperforming the ChiNext and CSI 300 indices by 0.05 and 0.12 percentage points, respectively, ranking 13th among all sectors [3]. Weekly Insights - Notable overseas AI application performance includes AppLovin's Q3 revenue growth of 39% and a net profit increase of 300%, driven by their AI advertising engine [4]. - Baidu's Wenxin large model has seen a daily call volume exceeding 1.5 billion, a 7.5-fold increase from May, indicating strong growth in AI applications across various industries [5]. Investment Recommendations - The report recommends focusing on AI computing companies such as Haiguang Information, Cambrian, and Zhongke Shuguang, as well as AI application firms like iFlytek and Kingsoft Office for potential investment opportunities [6].