SINOLINK SECURITIES·2025-04-17 07:52Investment Ratings - The report does not explicitly state an investment rating for the industry Core Insights - The computer industry is undergoing significant transformation due to intensified competition among major countries and increasing demands for domestic alternatives and self-control in technology. The emergence of high-cost performance open-source models, represented by DS, showcases China's innovative capabilities in the tech sector, providing more opportunities for domestic chips [1] - The impact of Trump's tariff policies on computer companies is expected to be relatively minor, with domestic demand-driven sectors likely to benefit. The overall performance of the sector is anticipated to remain stable despite market fluctuations [1] - The report emphasizes the importance of tracking the landing of AI applications, particularly in the media sector, where advancements in models and tools are being made [2] - In the electronics sector, NVIDIA is set to release new AI products, including smart glasses, which are expected to drive sales growth [3] - The telecommunications sector is experiencing volatility due to tariff policies, but there are opportunities for recovery in certain sub-sectors, particularly those with no North American business [4] Summary by Sections 1. AI Application Monthly Data Tracking - In March 2025, the top three global AI apps by monthly active users were ChatGPT, DeepSeek, and Doubao, with 43.597 million, 21.838 million, and 14.677 million users respectively. Notably, 9 out of the top 20 apps were developed by domestic developers [10] - The fastest-growing AI apps in March 2025 included Polish, Chatbot AI, and PixVerse, with growth rates of 9860.36%, 1610.01%, and 617.62% respectively [12] - The top three AI apps by downloads in March 2025 were DeepSeek, ChatGPT, and Doubao, with 8.757 million, 8.578 million, and 3.290 million downloads respectively [14] 2. Related Company Announcements and Industry News - Google announced the launch of its most advanced AI model, Gemini 2.5 Pro, which showcases strong reasoning and coding capabilities [34] - OpenAI integrated native image generation capabilities into its GPT-4o model, enhancing user experience [36] - Tencent's Hunyuan series of 3D generation models were open-sourced, significantly improving generation speed and efficiency [45] - The report highlights the performance of the AI industry in China, with significant advancements in AI applications and models, indicating a robust growth trajectory [52]