Haitong Securities International·2025-12-08 09:17Investment Rating - The report maintains a positive outlook on the computer industry, with a recommendation to outperform the market for key targets including Hand Enterprise, Wuxi Unicomp Technology Co., Ltd., Beijing Kingsoft Office Software, Newland Digital Technology, and Dawning Information Industry [3][4]. Core Insights - Domestic AI foundational models are making significant breakthroughs, with DeepSeek-V3.2 enhancing reasoning capabilities and ByteDance launching the "Doubao Phone Assistant," indicating rapid penetration of foundational models into terminal applications [3][9]. - Overseas giants like AWS and NVIDIA are leading the next-generation AI infrastructure competition through full-stack capabilities and strategic investments, with AWS announcing a comprehensive AI strategy and NVIDIA investing $2 billion in Synopsys [3][10]. - China's commercial space sector is advancing in satellite internet and rocket technology, with significant developments in ecosystem construction and successful rocket launches, indicating a robust growth trajectory [3][11]. Summary by Sections AI Development - The report highlights the rapid commercialization of edge AI, driven by breakthroughs in foundational models and significant product launches in the domestic market [3][9]. Infrastructure Competition - AWS and NVIDIA are enhancing their control over AI infrastructure through comprehensive strategies and investments, marking a shift from mere computational power competition to a focus on full-stack solutions and ecosystem control [3][10]. Commercial Space Industry - The report details advancements in China's commercial space sector, including partnerships for satellite internet services and successful rocket launches, showcasing a dual focus on application and research development [3][11].