Group 1: AI Industry Chain - The AI industry chain has experienced a short-term adjustment, but the medium-term outlook remains positive, driven by significant model updates from major players like OpenAI and DeepSeek, which are expected to catalyze new applications and edge opportunities [9][10][15] - OpenAI's recent DevDay introduced tools such as Apps SDK and AgentKit, which enhance the integration of third-party services and lower the technical barriers for developing AI agents, indicating a shift towards a more comprehensive application platform [12][11] - The demand for high-bandwidth memory (HBM) is increasing due to the rapid development and application of AI technologies, leading to a notable price increase in storage chips, with DRAM and NAND prices rising by 227.6% and 42.7% respectively since the beginning of 2025 [19][13] Group 2: High-end Manufacturing - The high-end manufacturing sector is poised for a new wave of opportunities, particularly in the robotics segment, with significant catalysts expected from Tesla's upcoming Q3 earnings call and shareholder meeting, which may provide insights into the progress of their humanoid robot, Optimus [33][34] - The robotics industry is seeing increased investment and collaboration, such as the $1 billion strategic partnership between UBTECH and Infini Capital, aimed at expanding the humanoid robot ecosystem [31][32] - The military industry has seen a pause in its upward trend, but upcoming disclosures related to the "14th Five-Year Plan" and quarterly reports are expected to provide better investment opportunities [22][27]
科技核心资产月报：回调蓄势不改科技趋势机会-20251021
Bank of China Securities·2025-10-21 08:59