2026-01-21 00:30Investment Rating - The report maintains an investment rating of "Outperform the Market" for the computer industry [4] Core Insights - The computer industry index rose by 3.82% this week, ranking first among 31 industries, with a year-to-date increase of 12.64% [13][18] - The overall valuation of the computer sector is at a historical median level, with a dynamic price-to-earnings ratio (PE-TTM) of 96.40 as of January 16, 2026 [20] - Notable stock performances include Tongda Hai, Haohan Deep, and Jiechuan Intelligent, with weekly increases of 39.73%, 30.57%, and 28.95% respectively [18][20] Industry Dynamics - Major companies are accelerating product iterations and focusing on new capital expenditure, with Alibaba's Qianwen App integrating over 400 AI service functions into its ecosystem [26][30] - AI applications are gaining traction in healthcare and marketing, with significant investments and developments in AI medical services and generative AI marketing strategies [37][46] - The report highlights the importance of AI infrastructure investments as a key competitive variable in the upcoming phase of industry development [35] Configuration Recommendations - For AI healthcare, companies such as Jingtai Holdings, Yingshi Intelligent, and Meinian Health are recommended for investment [56] - In AI marketing, firms like Maifushi, Focus Technology, and Guangyun Technology are suggested as potential investment opportunities [56] - The report advises monitoring capital expenditure trends from major companies, with specific recommendations for Alibaba's chain (Guangyun Technology, Shiji Information, etc.), ByteDance's chain (Hand Information, Runze Technology), and Tencent's chain (Fanwei Network, Xinghuan Technology) [56]