通信行业周报：AI硬件行情开启，把握算力预期差方向

Investment Rating - The report maintains an "Overweight" rating for the communication industry [1][7]. Core Insights - The CES 2025 event showcases the emergence of AI hardware, with innovations spanning from chips to terminals, indicating a deepening of AI applications [3][13]. - AI is leading the way in smart living, with products like BOE's 65-inch 4K AI viewing center and TCL's AI companion robot [3][13]. - The report highlights the anticipated growth in AI-driven technologies, including advancements in autonomous driving and humanoid robots [3][13]. Market Performance - In the past week (January 6-10, 2025), the Shanghai Composite Index and Shenzhen Component Index saw declines of -1.34% and -1.02%, respectively, while the CITIC Communication Index decreased by -1.50% [2][9]. - The communication sector's sub-segments, including communication equipment and telecom operations, experienced declines of -1.12% and -2.38% [2][9]. Investment Recommendations - The report suggests focusing on specific sectors within the communication industry, including: 1) Computing power/ASIC: ZTE, Cambricon, and others [5][15]. 2) HBM: GigaDevice, and others [5][15]. 3) Power supply: Megmeet, and others [5][15].