计算机行业周报（4.7-4.11）：关税波动，国产替代未来可期-20250415

Investment Rating - The report rates the computer industry as "Outperforming the Market," indicating that the industry index is expected to perform better than the benchmark index over the next 6-12 months [35]. Core Insights - The report highlights that the ongoing trade tensions and tariff fluctuations are likely to benefit the technology self-sufficiency narrative, particularly for domestic CPU manufacturers, as they may seize significant replacement opportunities [2][4]. - The rapid sell-out of consumer-grade exoskeleton robots by Cheng Tian Technology within 15 seconds demonstrates the potential for growth in the consumer market for such technologies, indicating a shift towards commercialization [2][4]. - The report emphasizes the importance of domestic companies that are closely tied to government and business sectors, which are expected to benefit from the trend towards localization and self-sufficiency in technology [2]. Summary by Sections Investment Recommendations - The report suggests focusing on companies related to technology self-sufficiency, such as Softcom Power, Dameng Data, Cambrian, and Yuntian Lefe, as well as companies with strong fundamentals that are less affected by tariffs, like Hehe Information [4]. - In the exoskeleton sector, it recommends paying attention to Chutian Technology, Weisi Medical, iFlytek, and Saiwei Intelligent [4]. Industry News - The report notes significant developments in cloud computing, artificial intelligence, and chip technology, including the release of Google's seventh-generation TPU chip designed for AI inference tasks [22][23][24]. - It also mentions the release of a white paper on cloud intelligence technology by China Mobile, marking a shift towards next-generation cloud computing paradigms [23]. Company Dynamics - Softcom Power has initiated a transitional factory in the Beijing-Tianjin-Hebei region to promote innovation and industry integration, recently winning multiple project bids [27]. - Kingsoft Office's major shareholder has committed not to reduce their stake in the company until the end of 2025, reflecting confidence in its future prospects [27]. - Glodon has conducted its first share buyback through centralized bidding, repurchasing 1,000,100 shares for a total of approximately 13.89 million yuan [28].