行业周报：Gemini3.0强化TPU降本逻辑，AI眼镜有望迈向起量元年-20251130

Investment Rating - The industry investment rating is "Overweight" (maintained) [1] Core Views - The electronic industry index experienced a weekly increase of 6.17%, with consumer electronics rising by 8%, semiconductors by 5.4%, and optical electronics by 3.4% [3] - The release of Google's Gemini 3.0 has strengthened the narrative around TPU, leading to increased market interest in domestic companies like Moer Thread and Muxi, which are set to enter the capital market [5] - The storage sector is entering a "super cycle," with supply shortages and price increases expected to continue until 2026, as indicated by Micron's HBM3E and HBM4 products being fully sold out for next year [6] Market Review - The macroeconomic risks in the U.S. have eased, leading to a recovery in global tech indices, with the Nasdaq index rising by 5% this week [4] - Major tech stocks such as Google and Tesla saw significant gains, with Google up 6.8% and Tesla up 10% [4] Industry Updates - AI glasses are entering a period of intensive new product releases, with several companies, including Quark and Ideal Auto, set to launch their AI glasses soon [4] - The demand for advanced process nodes, particularly 2nm, is outpacing supply, prompting companies like TSMC and Samsung to expand their production capabilities [6] Investment Recommendations - The AI edge and semiconductor equipment sectors are expected to become key themes in the tech industry, with recommended beneficiaries including GoerTek, Luxshare Precision, and Changxin Memory [7]