Guoxin Securities·2025-06-15 12:06Investment Rating - The report maintains an "Outperform" rating for the communication industry [4][49]. Core Insights - NVIDIA is accelerating its expansion into the European market, planning to establish 20 AI factories, which will increase AI computing power in Europe by tenfold within two years, equipped with 10,000 GPUs [1][11]. - Oracle's cloud infrastructure revenue has shown significant growth, with a 52% year-on-year increase in the fourth quarter, and is expected to continue growing at a rate exceeding 70% in the next fiscal year [1][17]. - The report emphasizes the importance of AI cloud-side and edge-side developments while also highlighting the stable dividend value of major telecom operators [3][49]. Summary by Sections Industry News Tracking - NVIDIA's GTC Paris event announced plans for substantial AI infrastructure growth in Europe, while Oracle reported strong cloud revenue growth [1][11]. - ByteDance's Volcano Engine launched the Doubao model 1.6, showcasing improvements in various AI capabilities [2][23]. - The upcoming 2025 World Mobile Communication Conference (MWC) in Shanghai will focus on themes such as 5G integration and AI [2][33]. Market Performance - The communication index fell by 0.7835% this week, with the communication sector ranking third among major industries this month [2][42]. Investment Recommendations - The report suggests focusing on AI computing facilities and maintaining long-term investments in major telecom operators due to their stable performance and increasing dividends [3][49]. - Recommended stocks include China Mobile, Zhongji Xuchuang, Tianfu Communication, and Guanghetong [3][49]. Key Company Earnings Forecast and Investment Ratings - China Mobile, Zhongji Xuchuang, and ZTE Corporation are rated as "Outperform" with projected earnings per share (EPS) growth and favorable price-to-earnings (PE) ratios [4][50].