计算机行业周报：Agent+持仓，均有乐观信号！

Investment Rating - The report maintains a positive outlook on the computer industry, indicating a "Buy" rating for AI-related investments, particularly in the Agent sector [3][5]. Core Insights - The report highlights the imminent breakthrough in AI Agent capabilities, with OpenAI's release of its first Agent product, Operator, marking a significant milestone in the industry [4][6]. - Public funds have increased their allocation to AI, with a notable rise in the investment in Agent applications, suggesting a favorable valuation outlook for the sector [4][23]. - Key companies in the sector, such as TaxFriend and Zhongke Chuangda, are embracing AI and expanding their Agent capabilities, positioning themselves as leaders in the market [4][41][44]. Summary by Sections AI Agent Development - OpenAI's Operator demonstrates advanced capabilities in planning, memory, and execution, setting the stage for a significant evolution in AI applications by 2025 [6][9]. - The report anticipates that as Agent capabilities mature, major companies will increasingly participate in this space, enhancing competition and innovation [19][21]. Market Trends and Valuation - The computer industry public fund allocation has reached 2.9%, a 0.5% increase from the previous quarter, indicating a growing interest in AI investments [23][25]. - Current PE (TTM) for the computer industry stands at 68.5x, with PS and PCF valuations suggesting room for growth as the macroeconomic environment improves [34][35]. Key Company Updates - TaxFriend is leveraging AI to enhance its financial and tax processing services, utilizing its proprietary model to improve efficiency and user engagement [41][42]. - Zhongke Chuangda is expanding its Agent and robotics applications, establishing itself as a core partner in AI development, particularly in the consumer and enterprise sectors [44][46].