国君2025春季策略|电子:Deepseek,开源AI补齐国产AI产业链短板

Investment Rating - The report recommends investment in DeepSeek R1, highlighting its algorithm optimization that reduces performance requirements for computing chips, thus accelerating the adaptation of domestic computing power [1]. Core Insights - DeepSeek R1 is an open-source, low-cost solution that addresses the core bottleneck of advanced processes, facilitating the growth of domestic computing power. It offers excellent cost-performance ratio, matching the performance of o1 models and is expected to lead the domestic AI ecosystem [2]. - The demand for inference drives the expansion of total computing power, with ASIC chips taking on more inference tasks. DeepSeek R1's high inference performance is expected to promote the prosperity of inference chip clusters and AI applications, with long-term investments in AI infrastructure shifting towards inference computing [2]. - The performance of the distilled small model in DeepSeek R1 is impressive, accelerating the deployment of edge AI and significantly enhancing hardware experience, thus opening up growth opportunities for edge hardware [3].