计算机行业周报：AI应用持续繁荣，政策不断加码人工智能

Investment Rating - The report assigns a "Hold" rating for the computer industry [2]. Core Insights - The AI application sector continues to thrive, with ongoing policy support for artificial intelligence initiatives [2][8]. - The report highlights the recent launch of OpenAI's GPT-5.4, which is described as the most efficient model to date, enhancing capabilities in reasoning, coding, and workflow management [3]. - The domestic AI application landscape is evolving, with a shift from general coverage to scenario penetration, as evidenced by the top AI apps in terms of monthly active users [3]. - Government policies have consistently emphasized the development of "artificial intelligence+" to foster high-quality growth in the AI industry [8]. Summary by Sections Market Overview - During the week of March 2-6, the Shanghai Composite Index fell by 0.93%, while the computer index dropped by 5.29%, underperforming the broader market indices [2]. AI Applications - As of December 2025, the top five AI native apps by monthly active users include Doubao, DeepSeek, Yuanbao, Antifufu, and Alibaba Qianwen, indicating a strong presence of ByteDance and Alibaba in the market [3]. Policy Support - The government has reiterated its commitment to "artificial intelligence+" in its work reports over the past three years, aiming to expand AI's application across various industries and promote new economic growth models [8]. Investment Recommendations - The report suggests focusing on companies in the computing power sector such as Cambrian, Haiguang Information, and others, as well as AI application firms like Kingsoft Office and iFlytek [9].