通信行业周观点：OpenAI全栈出击，全球算力投资持续升温-20251014

Investment Rating - The report maintains a "Positive" investment rating for the communication industry [10]. Core Insights - The communication sector experienced a decline of 1.40% in the 41st week of 2025, ranking 27th among primary industries in the Yangtze River region. However, since the beginning of 2025, the sector has risen by 59.73%, ranking 2nd among primary industries [2][5]. - OpenAI is expanding its AI ecosystem by launching the Sora2 social application and integrating payment features within ChatGPT. It has partnered with AMD for a 6GW computing power collaboration and with Samsung and SK for long-term storage supply [2][8]. - Global investment in AI infrastructure is increasing, with xAI's funding potentially exceeding $20 billion, and NVIDIA planning to invest around $2 billion. Google is investing $10 billion to build a 1GW data center in India [2][7]. Summary by Sections Market Performance - In the 41st week of 2025, the communication sector fell by 1.40%, while it has increased by 59.73% since the start of the year, ranking 2nd among primary industries [2][5]. OpenAI Developments - OpenAI launched the flagship audio-video generation model Sora2 and a corresponding iOS social application. It also introduced an "instant checkout" feature in ChatGPT, initially supporting U.S. Etsy merchants and planning to expand to over one million Shopify merchants. OpenAI announced a strategic partnership with AMD to deploy up to 6GW of AMD GPUs, with the first 1GW expected to be operational in the second half of 2026 [6][8]. AI Infrastructure Investment - The report highlights a surge in global AI infrastructure investments, with xAI planning to raise up to $20 billion, and NVIDIA expected to contribute up to $2 billion. Google is investing $10 billion in a data center cluster in Visakhapatnam, India, which will have a capacity of 1GW and is projected to be the largest data center in Asia by 2028 [7][8]. Investment Recommendations - The report recommends several companies based on their sectors: - Telecom operators: China Mobile, China Telecom, China Unicom - Optical modules: Zhongji Xuchuang, Xinyi Sheng, Tianfu Communication - Liquid cooling: Invec - Air-core optical fibers: Fenghuo Communication, Hengtong Optic-electric - Domestic computing power: Runze Technology, Guanghuan New Network - AI applications: Boshi Jie, Heertai, Tuobang Co., Ltd. - Satellite applications: Huace Navigation, Haige Communication [8].