Investment Rating - The report maintains a "Positive" investment rating for the software and services industry [8] Core Insights - The computer sector rebounded after a recent pullback, with an overall increase of 1.34%, ranking 20th among primary industries in the Yangtze River region [2][5] - The OpenRouter platform's model invocation volume has surpassed that of the United States for the first time, indicating a significant growth in domestic AI model usage [7][51] - The report highlights the potential for a commercial explosion in large models in 2026, with key shifts from selling computing power to selling tokens, and the emergence of the "Agent" era in AI [7][59] Summary by Sections Market Performance - The overall market saw a rise of 1.98%, with the Shanghai Composite Index closing at 4162.88 points [5][15] - The computer sector's trading volume accounted for 7.62% of the total market [5][15] Key Developments - Hong Kong plans to submit a digital asset policy bill within the year, aiming to enhance market liquidity and provide more products for professional investors [21][24] - Blue Arrow Aerospace announced plans for a second recovery test of its reusable rocket, Zhuque-3, in the second quarter of this year [27][32] - The release of the "Humanoid Robot and Embodied Intelligence Standard System (2026 Edition)" marks a new phase of standardized development in the humanoid robot industry [38][44] Investment Recommendations - Focus on application and foundational resources, particularly in the context of the explosive growth of domestic AI model invocation [7][51] - Emphasize three main lines of investment: new entry points and commercialization of large models, domestic chips (CPU+GPU) and third-party cloud services, and the restructuring of software through agents [7][59]
2026 年第 92]周计算机行业周报：国产模型调用量超美国，看好应用与基础资源-20260304
Changjiang Securities·2026-03-04 08:48