AI产业跟踪：算力开支加速扩张，AI Agent迎爆发元年

Investment Rating - The report suggests a focus on high-growth sectors, particularly in AI applications, with a positive outlook on AI Agent development and related investments [4][6]. Core Viewpoints - The report emphasizes that 2025 is expected to be a breakout year for AI Agents, with significant advancements in AI capabilities and applications [4][6]. - It highlights the importance of focusing on sectors with clear industrial trends and strong policy support, particularly in domestic AI development and computing power [4][6]. Summary by Sections 1. Industry Weekly Viewpoints - The report indicates a strong performance in the AI sector, with a recommendation to hold positions through the holiday period, as AI Agents are poised for explosive growth [6]. - It suggests focusing on high-growth areas such as domestic innovation, computing power, and AI applications, particularly those with clear industrial catalysts and substantial growth potential [6]. 2. AI Industry Tracking 2.1 Computing Power - A historic AI infrastructure project, the "Star Gate Project," has been launched with a planned investment of $500 billion over four years by major companies including OpenAI and SoftBank [8]. - Global tech companies are expected to spend approximately $229 billion on servers in 2024, with significant investments from Microsoft and Amazon [9]. 2.2 Algorithms - Domestic AI models are undergoing significant upgrades, with companies like ByteDance and DeepSeek enhancing their capabilities to compete with leading global models [10][12]. 2.3 Applications - The introduction of new AI Agents, such as the GLM-PC by Zhiyu and the Operator by OpenAI, marks a significant advancement in AI applications, enabling users to automate various tasks [19][21]. - The report notes that both B2B and B2C markets are seeing increased demand for AI Agents, which are expected to drive substantial growth in the coming years [21]. 2.4 Investment Recommendations - The report recommends focusing on companies involved in computing power, algorithms, and applications, including Haiguang Information, Kingsoft Office, and iFLYTEK, among others [22]. 3. Market Review - The report states that the computer index rose by 4.66% from January 19 to January 26, outperforming other major indices [23][24].