计算机行业周报：AI大模型持续迭代，关注终端智能进展

Investment Rating - The industry investment rating is "Increase" (Maintain) [2][28]. Core Viewpoints - The report highlights the continuous iteration of AI large models driven by overseas tech giants, with significant advancements in model capabilities and applications [3][4]. - The emergence of OpenAI-powered robots and the ongoing progress in terminal intelligence are noted, indicating a broad commercial potential for AI-enabled devices [4][10]. - The report suggests focusing on AI computing power, AI applications, and AI PC chains as key investment opportunities [5][10]. Market Review - In the past week (March 11-15), the Shanghai Composite Index rose by 0.28%, the ChiNext Index increased by 4.25%, and the CSI 300 Index went up by 0.71%. The computer (Shenwan) index rose by 2.37%, outperforming the Shanghai Composite by 2.09 percentage points, underperforming the ChiNext by 1.88 percentage points, and outperforming the CSI 300 by 1.67 percentage points, ranking 16th among all industries [11][12]. - The overall valuation of the computer sector is at a moderate level, with a TTM price-to-earnings ratio of 58.71 as of March 15, 2024, compared to a historical median of 57.64 [11][12]. Industry News - Domestic advancements include the introduction of a convolutional reconstruction model (CRM) by researchers from Tsinghua University and others, which significantly improves texture mesh generation from images [15][16]. - The Hong Kong Innovation Institute of the Chinese Academy of Sciences launched a multi-modal AI model for medical applications, enhancing surgical safety through real-time anatomical information [16]. - The report mentions the expected market space for AI training and inference integrated machines in China to be 16.8 billion yuan in 2024 [16]. Company Dynamics - Notable earnings reports include Industrial Fulian with a net profit of 21.04 billion yuan for 2023, a year-on-year increase of 4.82% [19][20]. - Several companies are engaging in share buybacks, including Tianrongxin and Zhiyuan Interconnection, indicating confidence in their stock value [20][21]. Investment Opportunities - The report recommends focusing on companies involved in AI computing power, such as Industrial Fulian and Inspur Information, as well as AI applications and AI PC chains [5][10][24].