海外发布重磅AIAgent新品，重点关注光互联Scale-Up投资机会

Core Insights - The report emphasizes the investment opportunities in optical interconnect Scale-Up, driven by advancements in AI and the need for enhanced data center capabilities [5][14]. - The communication sector has shown strong performance, with the communication index outperforming the CSI 300 index by 5.75 percentage points during the reporting period [17][18]. - Key events include the launch of new AI agents that enhance productivity and the growing demand for optical modules in data centers, indicating a robust market outlook [12][41]. Market Review - The communication sector's performance from January 26 to January 30, 2026, showed a gain of 5.83%, significantly outperforming the CSI 300 index, which only increased by 0.08% [17]. - Over the past 30 days, the communication sector rose by 5.8%, while the CSI 300 index increased by 1.4%, indicating a strong relative performance [18]. - Year-to-date, the communication sector has gained 6.8%, again outperforming both the CSI 300 and the ChiNext indices [18]. Industry Data Updates - As of the end of 2025, China had 4.838 million 5G base stations, marking a net increase of 588,000 from the previous year, with 5G stations accounting for 37.6% of all mobile phone base stations [31]. - In December 2025, the domestic smartphone shipment reached 24.473 million units, a year-on-year increase of 29.1%, with 5G smartphones making up 90.4% of the total shipments [35]. - The number of mobile IoT terminal users reached 2.888 billion by the end of 2025, reflecting a net increase of 232 million users [38]. Key News Recap - Cignal AI projects that the optical module market will exceed $18 billion by 2025, driven by AI-related data center and transmission network construction [41]. - Corning has entered a $6 billion partnership with Meta to accelerate the construction of advanced data centers in the U.S., highlighting the growing demand for optical solutions [42]. - Alibaba has launched its high-end AI chip, Zhenwu 810E, which competes with Nvidia's H20, showcasing advancements in AI hardware [43]. - Meta plans to increase its capital expenditure to between $115 billion and $135 billion in 2026, reflecting significant investment in AI and core business operations [45]. Investment Recommendations - The report suggests focusing on sectors such as switching equipment, NPO, and DAC/AEC as potential investment opportunities in the communication industry [15].