Huaan Securities·2025-06-08 07:25Investment Rating - Industry investment rating: Overweight [1] Core Views - The report highlights the strong momentum in AI development both domestically and internationally, with a focus on investment opportunities in major tech companies [2][4] - The release of ByteDance's image editing model SeedEdit 3.0 is expected to drive demand for computing power, indicating a resurgence in the computing sector [3][4] - Major tech companies are increasing investments in data centers to support AI and cloud computing technologies, with Amazon planning to invest approximately $10 billion in North Carolina [4] Weekly Market Review - From June 2 to June 6, 2025, the Shanghai Composite Index rose by 1.13%, while the ChiNext Index increased by 2.32%. The CSI 300 Index saw a rise of 0.88%, and the Hang Seng Tech Index grew by 2.25% [22] - The AI index experienced a weekly increase of 4.07%, and the cloud computing index rose by 4.53%, indicating strong performance in these sectors [22][36] AI Developments - On June 6, ByteDance announced the launch of its image editing model SeedEdit 3.0, which enhances capabilities in portrait editing, background changes, and perspective adjustments [3][41] - Alibaba released the Qwen3-Embedding series model, achieving industry-leading performance in multiple downstream tasks [3][41] - Kuaishou's Kwaipilot team introduced the KwaiCoder-AutoThink-preview model, addressing issues related to "overthinking" in deep learning models [3][41] Semiconductor Industry - The Semiconductor Industry Association (SIA) reported that global semiconductor sales reached $56.96 billion in April 2025, marking a 2.5% month-over-month increase and a 22.7% year-over-year increase [7][44] - Broadcom announced the delivery of the Tomahawk 6 switch series chips, which provide a switching capacity of 102.4 Tbps, doubling the bandwidth of existing Ethernet switches [7][44]