电子行业先进科技主题周报-周观点：小米召开合作伙伴大会，GPU万卡集群助力AI大模型飞跃

Investment Rating - The industry investment rating is maintained at "Overweight" [2] Core Views - The hardware sector is expected to take over from the software sector, becoming a resilient investment during market fluctuations, with AI hardware leaders projected to see valuation recovery to 30X [6] - Xiaomi is building a GPU cluster of over 10,000 cards, representing a significant investment of "hundreds of millions" in costs, with GPU procurement alone costing tens of billions [6] - Xiaomi's AI model technology focuses on lightweight and local deployment, achieving initial results with a model of 1.3 billion parameters that performs comparably to cloud-based models with 6 billion parameters [6] - The "Human-Vehicle-Home Ecosystem" partner conference highlighted Xiaomi's global internet business strategy, emphasizing ecosystem, AI technology, and overseas expansion [6] Summary by Sections Market Review - The Shanghai Composite Index closed at 3400.14 points, with a weekly increase of +0.95% [4] - The AI index closed at 1321.33 points, with a weekly decline of -0.57%, underperforming the broader market [4] Industry Dynamics - New AI consumption scenarios are emerging, with recommendations to focus on companies like Hengxuan Technology, Sitaiwei, and Doctor Glasses [7] - The PCB sector is benefiting from the Nvidia and Apple supply chains, with suggested companies including Dongshan Precision, Pengding Holdings, and Shiyun Circuit [7] - The optical module market is seeing a competitive landscape with recommendations for companies like Xinyi Sheng and Zhongji Xuchuang [7] - The satellite internet sector is highlighted, with a focus on domestic and overseas developments, recommending companies like Xinwei Communication [7]