计算机行业：DeepSeek开源周活动收官，将加快大模型在各行业的应用落地

Investment Rating - The industry investment rating is "stronger than the market" (预计6个月内，行业指数表现强于市场表现5%以上) [33] Core Views - The DeepSeek open-source week has concluded, accelerating the application of large models across various industries [2][4] - The competition among global large models remains intense, providing strong support for the continuous growth of AI computing power demand [9][12] - NVIDIA's FY25Q4 performance was strong, with significant demand for the Blackwell architecture on the inference side [14][16] Summary by Sections Industry News and Commentary - The DeepSeek open-source week launched five open-source software library projects covering computation, communication, and storage, which will facilitate the replication of DeepSeek-V3/R1 by global developers [2][5] - The release of models like Grok-3, Claude 3.7 Sonnet, and GPT-4.5 indicates ongoing fierce competition in the global large model market, which is expected to elevate the capabilities of these models [10][12] - NVIDIA reported FY25Q4 revenue of $39.3 billion, a 12% quarter-over-quarter increase and a 78% year-over-year increase, driven primarily by data center business growth [14][15] Key Company Announcements - Multiple companies, including Tonghuashun and Dameng Data, have released their 2024 annual reports, showing various growth rates in revenue and net profit [19][21] - Notable performances include Dameng Data with a 31.49% increase in revenue and a 22.26% increase in net profit [19] Weekly Market Review - The computer industry index fell by 7.82% last week, underperforming the CSI 300 index, which fell by 2.22% [22] - As of the last trading day, the P/E ratio for the computer industry was 51.8 times, with 47 stocks rising and 312 stocks falling among the 360 A-share component stocks [25] Investment Recommendations - The report suggests a positive outlook for the computer industry, recommending stocks in various sectors including the Xinchuang sector, Huawei supply chain, AI sector, low-altitude economy, and financial IT sector [29]