全球科技行业周报：OpenAI开放深度研究模型API权限，稳定币概念或持续发酵-20250629

Investment Rating - Industry investment rating: Overweight [1] Core Views - The report highlights the strong momentum in AI development both domestically and internationally, suggesting potential investment opportunities in the sector [4][43] - OpenAI has opened access to its deep research model API, providing developers with powerful tools for tasks requiring advanced reasoning and real-time information [3][46] - The Hong Kong government has introduced a regulatory framework for stablecoins, which may enhance financing options for companies in China [4] Market Review - From June 23 to June 27, 2025, the Shanghai Composite Index rose by 1.91%, the ChiNext Index increased by 5.69%, and the CSI 300 Index saw a 1.95% rise. The Hang Seng Tech Index and Nasdaq Index both experienced gains of 4.06% and 4.25%, respectively [2][23] - The AI index increased by 5.24%, while the computer index rose by 7.7%, indicating strong performance in these sectors [23] AI Developments - OpenAI's deep research model API is now available, which includes features like automated web search and data analysis, enhancing the capabilities for developers [3][43] - Alibaba's Tongyi Qianwen launched a new multimodal model, Qwen VLo, which is designed for precise control in generating long text passages [4][45] - Tencent's Hunyuan-A13B model has been released, boasting 80 billion parameters with a focus on efficiency and cost-effectiveness [4][44] Semiconductor Sector - Micron reported a revenue of $9.301 billion for Q3 of fiscal year 2025, marking a 15.5% quarter-over-quarter increase and a 36.56% year-over-year increase, with DRAM revenue reaching a historical high [7][48] Automotive Sector - Tesla's Model Y has achieved fully autonomous delivery from factory to customer, marking a significant milestone in self-driving technology [8] E-commerce Developments - Amazon plans to expand its same-day and next-day delivery services to over 4,000 small towns and rural communities in the U.S. by the end of 2025, with an investment of approximately $4 billion [9]