计算机行业2025年中期策略：AIAgent引领计算机行业价值重估

Group 1 - The computer industry index outperformed the market in the first half of 2025, with a cumulative increase of 1.65% year-to-date, surpassing the CSI 300 index by 4.07 percentage points [4][20][24] - The AI Agent sector is expected to experience continuous growth driven by policy, technology, and demand, indicating a favorable investment outlook for the second half of the year [5][50] - The overall valuation of the computer sector is currently at a relatively high median level, with institutional holdings showing signs of stabilization and potential recovery [4][49][41] Group 2 - The investment strategy emphasizes the potential of AI Agents to reshape the value of the computer industry, highlighting their capabilities in independent thinking, execution, and continuous iteration [6][7] - The market size for AI Agents in China is projected to grow from 147.3 billion yuan in 2024 to 3.3 trillion yuan by 2028, indicating significant scaling opportunities [6][8] - Key players in the AI Agent market include both platform-based and vertical application companies, with various sectors such as finance, education, and healthcare poised to benefit from AI integration [8][9] Group 3 - The demand for domestic computing power is expected to rise due to the implementation of AI Agents, which will enhance productivity in high-value service industries [7][8] - AI Agents are anticipated to drive a transformation in business models within the computer industry, shifting software products from being mere tools to becoming integral labor components [7][8] - The report identifies several companies that are well-positioned to benefit from the growth of AI Agents, including major players in various sectors such as finance, education, and healthcare [9][11]