Nvidia(US:NVDA) Shanghai Securities·2026-01-12 12:46Investment Rating - The industry investment rating is "Hold" [1] Core Insights - The report highlights the continuous progress in the AI field and the acceleration of commercialization, particularly with the ongoing iterations of large models [1][4] - The computer industry index outperformed major indices, with a 8.49% increase, surpassing the Shanghai Composite Index by 4.67 percentage points [2] - The CES 2026 event showcased significant advancements in AI and embodied intelligence, with notable participation from Chinese companies [4] Summary by Sections Industry Performance - During the week of January 5-9, the Shanghai Composite Index rose by 3.82%, the ChiNext Index by 3.89%, and the CSI 300 Index by 2.79%, while the computer industry index increased by 8.49% [2] AI Developments - The CES 2026 event featured over 4,000 exhibitors, with nearly a quarter being Chinese companies, emphasizing the growing influence of AI technologies [4] - NVIDIA's new Rubin AI platform was introduced, promising significant improvements in inference costs and training efficiency [4] - The upcoming DeepSeek V4 model is expected to launch around the Lunar New Year, boasting enhanced coding capabilities [5] Investment Recommendations - The report suggests focusing on companies in the following areas: 1. Computing power: Cambrian, Haiguang Information, Zhongke Shuguang, Huafeng Technology, Shenling Environment, Yingweike, Oulu Tong, and Zhongheng Electric [6] 2. AIDC: Kehua Data, Yunsai Zhili, Hongxin Electronics, Runjian Co., Runze Technology, and Data Port [6] 3. AI applications: Kingsoft Office, iFlytek, Foxit Software, Wanxing Technology, Dingjie Zhizhi, Hand Information, Nengke Technology, and Zhuoyi Information [7]