通信行业周报：智驾提速，算力下沉

Investment Rating - The report maintains an "Overweight" rating for the industry [3] Core Insights - The rapid advancement of intelligent driving technology, particularly L2 and above systems, is driven by improvements in computing power, sensor technology, and AI algorithm optimization. Since 2021, the commercialization of autonomous driving technology has accelerated, with L2 systems becoming standard in many mid-to-high-end vehicles [3][31] - The demand for computing power, especially edge computing, is expanding as L2, highway NOA, and urban NOA technologies are gradually commercialized. This shift is not only due to software and algorithm advancements but also the need for high-performance GPUs and AI chips [34][36] - The report emphasizes the exponential growth in computing power demand across various applications, particularly in intelligent driving, and suggests a focus on companies leading in optical modules and edge computing related to intelligent driving [7][22] Summary by Sections 1. Investment Strategy: Intelligent Driving Acceleration and Computing Power Downward - The report suggests focusing on companies in the computing power sector, including optical communication and edge computing platforms [18] 2. Market Review: Communication Sector Performance - The communication sector outperformed the Shanghai Composite Index, with significant gains in blockchain and cloud computing sectors [25][26] 3. Weekly Topic: Intelligent Driving Acceleration and Computing Power Downward - L2 systems are becoming mainstream, with a penetration rate expected to reach 25.7% by 2025. The report highlights the transition from L2 to L3 systems, driven by NOA technology [31][33] 4. IDC Insights: AI Infrastructure Investment - IDC predicts that global AI infrastructure spending will exceed $100 billion by 2028, with a 37% year-on-year growth in 2024 [39][42] 5. TrendForce Forecast: Humanoid Robot Market Growth - The humanoid robot market is expected to grow significantly, with a compound annual growth rate of 154% from 2024 to 2027 [45] 6. Company Highlights - The report identifies key companies to watch, including 中际旭创, 新易盛, and 天孚通信, all rated as "Buy" with projected earnings growth [11]