计算机周观察20260125：AI板块推荐及计算机25Q4持仓分析

Investment Rating - The report maintains a "Recommendation" rating for the AI sector, indicating a positive outlook for the industry [2]. Core Insights - The report emphasizes the ongoing advancements in the AI sector, particularly in model development, computing power, and application industries, with a strong recommendation to increase allocations in key areas such as large models, AI applications, data service providers, AI infrastructure, and domestic computing power [1][6]. - The report highlights the recent IPO acceptance of Suiyuan Technology, which aims to raise 6 billion yuan for product development and business expansion, showcasing the growth potential in the AI computing space [17]. - The report notes a decrease in the market value and proportion of computer sector holdings among public funds in Q4 2025, suggesting a low allocation in the sector compared to the overall market [22][25]. Summary by Sections AI Industry Significant Developments - Anthropic launched the Claude in Excel plugin, enhancing Excel's capabilities for financial analysts by integrating AI functionalities [9]. - Tesla plans to restart its Dojo 3 AI chip project focused on space computing, indicating a shift towards high-risk, high-reward AI applications [11][12]. - Meta announced the rollout of ads on its Threads platform, leveraging AI-driven advertising systems to enhance user engagement [13]. Computer Industry Q4 2025 Institutional Holdings Analysis - Public funds held approximately 295 billion yuan in the computer sector, a decrease of about 152 billion yuan from Q3 2025, with a holding proportion of 1.50% [22]. - After excluding specific companies, the holdings in the computer sector were reported at 272 billion yuan, reflecting a continued decline in institutional investment [25]. Market Performance Review - In the third week of 2026, the computer sector experienced a slight decline of 0.30%, with notable stock performances from companies like *ST Lifan and Jinhai Xun [29].