Nvidia(US:NVDA) Century Securities·2025-06-03 01:23Investment Rating - The report suggests a focus on the recovery of overseas AI chain valuations, indicating a positive outlook for the TMT sector [1]. Core Insights - The TMT sector outperformed the Shanghai and Shenzhen 300 index, with notable gains in the computer and media industries [3]. - Nvidia's B series shipments exceeded expectations, with Q1 FY26 revenue reaching $44 billion, surpassing guidance [3]. - The release of the updated DeepSeek-R1 model positions it among the top global models, showcasing significant improvements in reasoning capabilities [3]. - The acceleration of domestic EDA (Electronic Design Automation) processes is anticipated due to potential service halts from U.S. semiconductor software suppliers [3]. Market Weekly Review - The TMT sector's performance from May 26 to May 30 showed a rise in computer (1.77%), media (1.74%), and communication (1.53%) industries, while electronics saw a decline of 0.59% [3][5]. - The top-performing sub-industries included vertical application software and other computer equipment, both rising by 3.01% [3][5]. Industry News and Key Company Announcements - Nvidia's financial report indicated a strong outlook for Q2 FY26, with expected revenue guidance of $45 billion [3][26]. - The DeepSeek-R1 model's update enhances its reasoning performance, now ranking between Gemini 2.5 Pro and OpenAI-o3 [3][19]. - The potential U.S. ban on EDA software services could accelerate the domestic EDA industry's growth, with a market share currently dominated by three foreign companies [3][19].