传媒互联网行业周报：布鲁可上市申购火爆，关注IP潮玩及AI应用超跌机会

Investment Rating - The report maintains an "Outperform" rating for the media and internet sector [5][40]. Core Insights - The media sector experienced a decline of 9.82% this week, underperforming compared to the CSI 300 (-5.32%) and the ChiNext Index (-8.77%) [10][11]. - Key companies showing gains include Zhitian Technology, New Classics, Shandong Publishing, and Beijing Culture, while major losers include Yuanlong Yatu, Rebate Technology, Tianlong Group, and Sanrenxing [10][11]. - The report highlights significant developments in AI applications and IP opportunities, particularly with ByteDance's new Infinity model and Alibaba's collaboration with RayNeo on AI glasses [2][4][37]. Summary by Sections Market Performance - The media sector's performance ranked 25th among all sectors this week, with a notable decline of 9.82% [10][12]. - The top three films for the week were "Murder Case 3" (363.52 million, 33.3% market share), "Little Me" (352.24 million, 32.3%), and "Lying to Love You" (199.36 million, 14.8%) [3][17]. Key Developments - ByteDance's Infinity model surpasses Stable Diffusion 3 in image generation quality and shows significant improvements in inference speed [2][14]. - Alibaba and RayNeo's partnership marks a significant step in AI glasses technology, representing the first deep customization collaboration between a large model and a hardware manufacturer [2][14]. - Bruco's IPO saw over 3800 times oversubscription, with expected market capitalization between 13.44 billion and 14.57 billion HKD [2][15]. Investment Recommendations - The report suggests focusing on AI applications and IP opportunities, particularly in the emotional companionship and toy sectors, as well as vertical application fields [4][37]. - It recommends specific companies such as Bubble Mart, and highlights the potential recovery in the film and gaming sectors as the market stabilizes [4][37].