TMT行业周报（2月第1周）：DeepSeek出圈，建议关注国内AI产业链

Investment Rating - The report suggests focusing on the domestic AI industry chain, indicating a positive outlook for investment opportunities in this sector [1]. Core Insights - The TMT sector has shown strong performance, with the overall weekly increase of the TMT sector outperforming the Shanghai and Shenzhen 300 index [3]. - DeepSeek's R1 model has been released, demonstrating competitive performance compared to OpenAI's models, and significantly lower API pricing, which is expected to enhance cost efficiency for applications [3][18]. - The surge in user demand for DeepSeek's services is anticipated to drive domestic computing power needs, suggesting potential investment opportunities in semiconductor foundries, cloud service providers, and related sectors [3][24]. Weekly Market Review - The TMT sector's weekly performance from January 20 to January 27, 2025, showed a rise in the computer sector by 2.43%, media by 2.03%, and communication by 1.06%, while electronics saw a slight decline of 0.18% [3]. - Notable sub-sectors with significant gains included horizontal general software (8.72%), educational publishing (6.93%), and communication terminals and accessories (5.06%) [3]. - Top-performing stocks included Han's Information (61.37%), PuLian Software (58.99%), and CaiXun Co. (44.45%) in the computer sector [3][13]. Industry News and Key Company Announcements - DeepSeek's R1 model was launched on January 20, 2025, showcasing its capabilities in various tasks and offering significantly lower API pricing compared to competitors [18]. - The demand for DeepSeek's services has led to a spike in server usage, indicating a growing need for domestic computing power solutions [3][24]. - Major cloud service providers, including Huawei Cloud and Tencent Cloud, have integrated DeepSeek's R1 model into their offerings, enhancing accessibility for developers [22][24]. AI Model Developments - DeepSeek's R1 model has been noted for its performance in mathematical, coding, and natural language tasks, with a pricing structure that is 27-55 times lower than OpenAI's offerings [18]. - The introduction of new multi-modal frameworks by DeepSeek, such as Janus-Pro, has further positioned the company as a competitive player in the AI space [18]. - The report highlights the trend of decreasing API/token prices, which is expected to accelerate the diversification of AI applications [24].