半导体与半导体生产设备行业周报、月报：特斯拉FSD上线中国，AI可穿戴应用加速

Investment Rating - The report maintains a "Recommendation" rating for the semiconductor and semiconductor production equipment industry [4] Core Insights - The overseas AI chip index fell by 7.6% this week, influenced by Nvidia's lower-than-expected guidance for the next quarter and a decline in expectations for increased tariffs in the U.S. [1] - The domestic AI chip index decreased by 1.7% after a significant rise the previous week, indicating stability among domestic AI chip companies [1] - The storage chip index rose by 3.5%, driven by increased demand in humanoid robots, autonomous driving, and consumer AI sectors [1] - The report highlights significant revenue growth for Nvidia, with 2024 revenue reaching $130.5 billion, a year-on-year increase of 114% [3] Market Indices - The overseas AI chip index experienced a decline of 7.9% this week, following a 3.8% drop the previous week [9] - The domestic A-share chip index saw a decrease of 1.7% after a 12.3% increase last week [9] - The server ODM index fell by 10% this week, influenced by Nvidia's disappointing guidance and tariff concerns [10] - The domestic storage chip index increased by 3.5%, supported by rising demand in various AI-related sectors [12] Industry Data - Taiwan's top four foundries reported Q4 2024 revenue of $29.41 billion, with an expected decline to $27.71 billion in Q1 2025, a 5.8% quarter-on-quarter decrease [20] - The global generative AI chip market is projected to exceed $125 billion in 2024 and $150 billion in 2025, with a potential to reach $1 trillion by 2030 [21] - The HBM chip market is expected to reach approximately $15 billion in 2024, with a CAGR exceeding 60% over the next five years [21] - Global server shipments are anticipated to reach approximately 14.89 million units in 2024, with a year-on-year increase of about 3.16% [25] Major Events - Nvidia disclosed a revenue of $130.5 billion for 2024, with a net profit of $72.9 billion, marking a year-on-year increase of 145% [31] - Tesla's Full Self-Driving (FSD) feature is set to launch in China, initially available on select models [3] - Apple announced plans to invest over $500 billion in the U.S. over the next four years, focusing on AI infrastructure and computing chips [3] - Xiaomi launched two flagship products, the Xiaomi 15 Ultra smartphone and the Xiaomi SU7 Ultra electric vehicle [36]