计算机行业：国产大模型持续迭代升级，应用落地步伐有望加速

Investment Rating - The industry investment rating is "stronger than the market" [30] Core Viewpoints - The continuous iteration and upgrade of domestic large models are expected to accelerate application landing, with domestic algorithms and model performance gradually approaching and surpassing international mainstream products [2][6] - The announcement of the "Gateway to the Stars" project by the US is likely to accelerate domestic investment in AI infrastructure [9][12] - The computer industry is anticipated to experience dual improvements in performance and valuation due to the recovery of demand and its role as a new productive force [26] Summary by Sections Industry News and Commentary - Domestic large models such as DeepSeek, Kimi, and Doubao have released significant updates, enhancing their capabilities and performance [5][6] - The US is investing $500 billion in AI infrastructure through the "Gateway to the Stars" project, which may trigger a global competition in AI infrastructure investment [10][12] Key Company Announcements - Various companies, including Qiming Star and Four-Dimensional Map, have announced their 2024 performance forecasts, with some expecting significant revenue growth while others anticipate losses [14][16][18] Weekly Market Review - The computer industry index rose by 3.95%, outperforming the CSI 300 index by 3.41 percentage points [19][22] - The overall P/E ratio for the computer industry is 46.7 times, with 269 out of 360 A-share component stocks experiencing price increases [22][24] Investment Recommendations - The report recommends focusing on several sectors, including the Xinchuang sector, Huawei supply chain, AI sector, low-altitude economy, and financial IT sector, with specific company recommendations for each [26]