计算机行业2025年度投资策略：否极泰来，曙光初现

Investment Rating - The report maintains a "Positive" investment rating for the industry [107]. Core Insights - The industry is witnessing a transformation driven by the integration of AI technologies, with a focus on application scenarios that enhance efficiency and value creation [58][107]. - The brain-computer interface (BCI) technology is moving towards large-scale commercialization, with Neuralink leading the way in invasive BCI solutions [58][100]. - The low-altitude economy is identified as a significant market opportunity, projected to reach a trillion-level scale, driven by innovations in drone and aviation applications [18]. Summary by Sections AI and Automation - The evolution of AI agents is shifting from knowledge platforms to workflow reconstruction, emphasizing the need for comprehensive integration rather than simple product enhancements [2][3]. - The report highlights that merely adding AI capabilities to existing products will not attract enterprise customers, as the willingness to pay is low in the current market [3]. Quantum Technology - Quantum technology is recognized as a key area for future industrial development, encompassing quantum information, materials, and computing [7][8]. - The report outlines the potential applications of quantum computing, which could address complex problems that traditional computing cannot solve [10][97]. Brain-Computer Interface (BCI) - The BCI technology has surpassed the technical validation phase and is entering a period of industrialization, with significant advancements in invasive techniques [58][62]. - Neuralink's R1 surgical robot exemplifies the technological breakthroughs that are addressing the challenges of high surgical difficulty and short device lifespan [39][100]. Low-Altitude Economy - The low-altitude economy is characterized by a long industrial chain and broad application scope, including logistics, tourism, and emergency services [18]. - Recent government policies have positioned the low-altitude economy as a strategic emerging industry, with significant investments expected in the coming years [16][18]. Intelligent Driving - The intelligent driving sector is evolving with a focus on vehicle-road-cloud integration, enhancing safety and efficiency through advanced sensor and communication technologies [71][76]. - The report notes that the market penetration of intelligent connected vehicles reached 47.3% in 2023, indicating a strong growth trajectory [71].