通信行业周报2024年第50期：新应用拉动端侧AI发展，展望“国网”星座首发

Investment Rating - The report maintains an "Outperform" rating for the communication industry [6][4]. Core Views - The rapid development of AI applications, such as OpenAI's video generation model Sora and ByteDance's PixelDance, is driving the growth of edge AI, benefiting communication modules as core components for information transmission [1][17]. - The upcoming launch of the "National Grid" constellation's first group of low-orbit internet satellites marks a significant milestone in China's satellite internet development [2][75]. - The communication sector has shown strong performance, with the communication index rising by 3.00%, outperforming the Shanghai and Shenzhen 300 index [2][4]. Summary by Sections Industry News Tracking - AI applications are advancing rapidly, with new products like OpenAI's Sora and ByteDance's PixelDance enhancing edge AI capabilities [1][17]. - The "National Grid" constellation's first group of satellites is set to launch, indicating accelerated development in China's satellite internet sector [2][75]. - The communication industry index has outperformed the market, ranking 8th among primary sectors [2]. Market Performance Review - The communication index increased by 3.00%, while the Shanghai and Shenzhen 300 index decreased by 0.84%, indicating a relative gain of 3.85% [2]. - Key sectors such as IoT controllers, data centers (IDC), and military information technology have performed well [2]. Investment Recommendations - Emphasize the opportunities arising from AI development and the increasing activity in commercial space ventures [3]. - Short-term focus on AI applications and communication module companies, with recommendations for partners of ByteDance and companies involved in data center infrastructure [3]. - Long-term recommendations include increasing dividend payouts from major telecom operators, highlighting their high dividend value [4].