Investment Rating - The report maintains an "Overweight" rating for the industry, consistent with the previous rating [1]. Core Insights - The global first general-purpose AI agent, Manus, has entered internal testing, emphasizing independence and completeness in execution, accelerating the deployment of agents [5][7]. - Alibaba's DAMO Academy has launched the XuanTie RISC-V series chips, focusing on high performance and AI applications, with the highest performance processor C930 set to deliver in March [5][8]. - TSMC announced an additional investment of $100 billion in the U.S. to build five semiconductor factories, bringing its total investment to $165 billion [5][9]. Summary by Sections Weekly Overview - Manus, developed by the Chinese AI startup Monica, is designed to not only provide suggestions but also deliver complete task results, outperforming OpenAI's Deep Research in GAIA benchmark tests [7]. - The RISC-V architecture is gaining traction, with predictions that its market share will exceed 25% in various sectors, including consumer PCs and high-performance servers [8]. - TSMC's investment aims to alleviate geopolitical pressures and maintain a gross margin of over 53% [9]. Market Performance - The Hang Seng Index rose by 5.62%, and the Hang Seng Tech Index increased by 8.43% during the week from March 2 to March 8, 2025 [10]. AI Industry News - Tencent's Mixuan released an open-source video generation model, allowing users to create short videos from images [21]. - Alibaba introduced a new inference model, QwQ-32B, which outperforms existing benchmarks and is set to be open-sourced [22]. - OpenAI plans to launch a "PhD-level" AI agent with a subscription fee of up to $20,000 per month [21]. Investment Recommendations - Recommended stocks include NVIDIA (NVDA.US), TSMC (TSM.US), and Alibaba (9988.HK) among others, focusing on computing power, cloud services, and AI applications [23].
海外科技行业2025年第9期：Manus加速AIAgent落地，RISC-V发展迎机遇
Guotai Junan Securities·2025-03-11 11:07