Haitong Securities International·2025-11-03 11:04Investment Rating - The report does not explicitly state an investment rating for the industry or specific companies Core Insights - NVIDIA has announced the launch of NVQLink, a new architecture that connects quantum systems with classical computing systems, marking the beginning of the "quantum GPU computing era" [1][15] - The competition between NVIDIA and AMD has extended into the quantum computing domain, with NVIDIA collaborating with around 17 companies to develop NVQLink, while AMD has partnered with IBM to demonstrate quantum error correction on FPGA chips [2][16] - Nokia has re-emerged as a key player in the AI race due to NVIDIA's strategic investment, highlighting the importance of networking alongside computing power in building next-generation AI infrastructure [3][17][18] - Apple reported that iPhone 17 sales exceeded expectations, with strong momentum expected to continue into the next fiscal quarter, particularly in the Chinese market [4][19][20] - Chinese automakers, including BYD and XPeng, are rapidly deploying AI robots in manufacturing, focusing on enhancing production speed and efficiency to gain market share [7][21][22] - Hesai Technology has launched a low-cost LiDAR priced at $200, challenging the notion that reliance on LiDAR is doomed, and aims to make it a standard feature in vehicles [8][23][24] Summary by Sections Quantum Computing - NVIDIA's NVQLink architecture aims to interconnect quantum and classical computing systems, representing a significant advancement in quantum GPU computing [1][15] - AMD's collaboration with IBM has successfully demonstrated quantum error correction on FPGA chips, showcasing competitive advancements in the quantum domain [2][16] AI and Networking - NVIDIA's investment in Nokia signifies a strategic move to integrate computing and networking resources, emphasizing the growing importance of networking in AI infrastructure [3][17][18] Consumer Electronics - Apple's iPhone 17 has shown strong sales performance, with expectations of continued demand in the Chinese market, potentially impacting local smartphone brands [4][19][20] Automotive Industry - Chinese automakers are leading the deployment of AI robots in manufacturing, focusing on speed and efficiency to enhance production capabilities and market competitiveness [7][21][22] - Hesai Technology's introduction of a $200 LiDAR aims to challenge existing perceptions in the autonomous vehicle market and promote wider adoption [8][23][24]