计算机行业月报：DeepSeek赋能AI应用与端侧，助力算力国产化提速

Investment Rating - The report maintains a "Recommended" rating for the computer industry [1]. Core Insights - The AI sector index showed strong performance with a 3.6% increase, significantly outperforming major indices like the Shanghai Composite Index (-3.02%) and the CSI 300 (-2.99%) [3]. - The launch of the "Stargate" AI infrastructure plan by the U.S. government indicates a new round of global AI technology competition [3]. - Domestic AI models, such as DeepSeek, are rapidly evolving, with performance metrics comparable to leading international models like OpenAI's [3]. - The report highlights the acceleration of domestic computing power localization due to U.S. restrictions on advanced AI chip access [3]. - Investment opportunities are identified in various segments, including domestic computing power supply chains and AI applications [3]. Market Performance Review - The AI index closed at 8542.27 with a monthly increase of 3.6%, while the computer industry index closed at 4311.96 with a decrease of 2.16% [9]. - The total market capitalization of the AI index reached 1,934.03 billion, comprising 73 constituent stocks [11]. AI Industry Dynamics - The report discusses the latest developments in data elements and policies, emphasizing the importance of marketization and value realization of data [24][26]. - The establishment of data trading centers and the promotion of data element marketization are highlighted as key trends [27]. Company Performance and Valuation - Key companies in the AI sector, such as Keda Xunfei and Haiguang Information, are projected to have significant earnings growth, with Keda Xunfei's EPS expected to rise from 0.28 in 2023 to 0.42 in 2025 [4]. - The average PE ratio for major AI index constituents is reported at 97.64 times, indicating high market expectations [15]. Investment Recommendations - The report suggests focusing on specific segments such as domestic computing power supply chains, AI applications, and edge AI technologies [3].