计算机行业周报：政务大模型政策出台，具身智能加速落地-20251014

Investment Rating - The industry investment rating is "Maintain Overweight" [10] Core Viewpoints - The escalation of US-China trade tensions is expected to benefit domestic software, particularly in the foundational software sector, as the US imposes new tariffs and export controls on key software [2] - The introduction of the first policy document for large models in the government sector is expected to heat up the AI bidding market, with significant budgets allocated for various AI projects [3] - Major tech companies are accelerating their investments in embodied intelligence, indicating a global competition in robotics and AI applications [4] Summary by Sections Market Review - During the past week (October 6-12), the Shanghai Composite Index rose by 0.37%, while the ChiNext Index fell by 3.86%. The CSI 300 Index decreased by 0.51%, and the computer sector index (Shenwan) dropped by 1.83%, underperforming the Shanghai Composite by 2.20 percentage points and outperforming the ChiNext by 2.03 percentage points [1] Policy Developments - The Central Cyberspace Affairs Commission and the National Development and Reform Commission issued guidelines for the deployment and application of AI large models in government sectors, providing a framework for various applications [3] Industry Trends - The bidding market for AI large models in government is gaining momentum, with notable procurement announcements and significant budget allocations for projects in cities like Nanjing, Hangzhou, and Beijing [3] - Tech giants like Alibaba and companies like Sais and Volcano Engine are forming partnerships to advance embodied intelligence technologies, indicating a shift towards practical applications in the physical world [4] Investment Recommendations - Suggested companies to focus on include those in computing power such as Huafeng Technology, Shenling Environment, and Cambrian; in AIDC such as Kehua Data and Yunsai Zhili; and in AI applications like Kingsoft Office and iFlytek [10]