计算机行业周报：物理AI全球加速！华为终端发布&合作伙伴大会！

Investment Rating - The report maintains a "Positive" outlook on the computer industry, highlighting the acceleration of physical AI and the growth potential of key companies [3][4]. Core Insights - The report emphasizes the global acceleration of physical AI, showcasing the next generation of AI forms and the significant developments presented at the GTC 2025 conference by Nvidia [3][5]. - Huawei's recent terminal release and partner conference are noted, with a focus on the expansion of the Ascend Deepseek ecosystem and the introduction of new products like the Pura X smartphone [3][36]. - Key company updates include the performance of Kingsoft Office, Desay SV, and Tax Friend, with a focus on their AI-driven growth and product innovations [3][41][45][56]. Summary by Sections GTC 2025 Highlights - Nvidia's GTC conference highlighted the transition from Generative AI to Agentic AI, with a strong focus on physical AI, which is crucial for the advancement of robotics [5][6]. - The Omniverse and Cosmos platforms are positioned as foundational tools for generating physical AI data applicable to autonomous driving and robotics [6][26]. Huawei's Developments - Huawei's Deepseek ecosystem has rapidly expanded, with over 80 partners and significant deployments, including a large-scale implementation at the Industrial and Commercial Bank of China [36]. - The Pura X smartphone, featuring HarmonyOS 5, was launched with innovative design and functionality aimed at enhancing user experience [37][40]. Key Company Updates - Kingsoft Office reported a revenue of 5.12 billion yuan in 2024, driven by the WPS 365 platform, which saw a 149% year-on-year growth [41]. - Desay SV achieved a revenue of 27.618 billion yuan, with a 63% increase in smart driving business revenue, reflecting strong demand in the automotive sector [45]. - Tax Friend launched AI Agents that cover the entire tax process, significantly improving efficiency and reducing manual labor [56]. Investment Targets - The report identifies several investment targets across various sectors, including digital economy leaders, AIGC applications, and companies involved in data elements and new industrialization [62].