Xinda Securities·2025-05-18 09:46Investment Rating - The industry investment rating is "Positive" [2] Core Viewpoints - The report highlights that the semiconductor sector has shown a year-to-date increase of 1.47%, while other electronic segments have experienced declines, with consumer electronics down by 8.20% [2][8] - A significant agreement has been reached between the US and Saudi Arabia, where Saudi Arabia will invest $600 billion in AI chip technology, with companies like NVIDIA, AMD, and Qualcomm collaborating to enhance AI infrastructure in the region [2][26] - The report predicts that by 2030, the operational digital center capacity in the Middle East could exceed 6GW, indicating substantial growth potential in AI infrastructure investments [2][27] Summary by Relevant Sections Market Performance - The report notes mixed performance in the electronic sector, with specific year-to-date changes: Semiconductors (+1.47%), Other Electronics II (-4.06%), Components (-1.69%), Optical Electronics (-5.49%), Consumer Electronics (-8.20%), and Electronic Chemicals II (+3.50%) [2][8] - In the past week, notable stock performances included Apple (+6.41%), Tesla (+17.34%), and NVIDIA (+16.07%) [2][11] AI Chip Agreements - The US has signed a major deal with Saudi Arabia for AI chip supply, with NVIDIA providing 18,000 Blackwell chips for a data center with a total capacity of 500 megawatts [2][30] - AMD has committed to a $10 billion investment over five years to deploy 500 megawatts of AI computing power in collaboration with HUMAIN [2][30] - Qualcomm is re-entering the data center CPU market, planning to develop advanced AI data centers in Saudi Arabia [2][30] Investment Opportunities - The report suggests focusing on companies involved in computing power chains such as Industrial Fulian, Shenzhen South Circuit, and others, as well as domestic computing firms like Cambricon and Haiguang Information [2][27]