科技投资：聚焦大国博弈的过去、现在和未来

Investment Rating - The report maintains an investment rating of "Outperform" with a target to exceed the performance of the CSI 300 Index by 10% or more over the next six months [5][29]. Core Insights - The report highlights the acceleration of domestic production in "bottleneck" areas due to geopolitical tensions, particularly in sectors with low localization rates and significant reliance on foreign suppliers, such as industrial software, electronic measurement instruments, and cybersecurity [10][11]. - The current focus is on the expansive growth potential in artificial intelligence (AI) and robotics, with both China and the US leading in model and application development [11][12]. - Future opportunities are identified in disruptive technologies within the technology and finance sectors, particularly in quantum computing and stablecoins, which are reshaping the financial landscape [14][18]. Summary by Sections Past Developments - The report notes that geopolitical tensions have created opportunities for domestic production in critical areas, particularly in industrial software and cybersecurity, with specific companies highlighted for investment potential [10][11]. Current Trends - The AI sector is experiencing rapid advancements, with significant developments from both domestic and international players. The report emphasizes the importance of infrastructure and application deployment driven by AI models [11][12]. - The robotics industry is seeing standard upgrades and increased competition, with new standards being established to guide development and investment opportunities [12][13]. Future Outlook - Quantum computing is expected to revolutionize computational power and drive demand for quantum security solutions. The report outlines significant advancements and competitive developments in this field [14][15][17]. - The stablecoin market is evolving under regulatory frameworks, presenting new investment opportunities in cross-border payments and blockchain technology [18][19].