电子行业周报：英伟达第一财季营收再超预期，微软Build大会为AI大厦添砖加瓦

Investment Rating - The report suggests a focus on four main investment themes within the electronics sector: AI chips, optical modules, cyclical bottoming, and domestic substitution [6][8]. Core Insights - Nvidia's revenue growth has exceeded 200% for three consecutive quarters, driven by strong demand for AI chips, positioning the company as a leader in the industry [6]. - The electronics industry is currently experiencing a bottoming phase with improving supply-demand dynamics and historically low valuations, making it an opportune time for investment [6][8]. - Microsoft's Build 2024 conference introduced new AI solutions, indicating a shift towards comprehensive AI infrastructure and product offerings [7]. Summary by Sections Industry Overview - The electronics sector has shown resilience, with the overall market performance lagging behind the broader indices, indicating potential for recovery [8][25]. - The semiconductor sub-sector has faced challenges, with a decline of 4.28% noted in recent performance metrics [25][32]. Key Company Performances - Nvidia reported a staggering 262% year-over-year revenue increase, reaching $26 billion, with a net profit growth of 620% to $14.88 billion [6][23]. - Microsoft is expanding its AI capabilities through new product launches and partnerships, enhancing its competitive position in the AI landscape [7]. Investment Recommendations - The report recommends focusing on AI-driven innovation sectors, including companies like Cambricon, Haiguang Information, and Longxin Zhongke for computing chips, and various optical device manufacturers [8]. - It also highlights potential in cyclical recovery stocks, particularly in memory and analog chips, as well as companies benefiting from strong overseas demand in the IoT sector [8].