【兴证计算机】Agent：海外巨头财报及GPT5验证高景气

Group 1 - The core viewpoint emphasizes a strategic increase in investment in the computer sector, particularly focusing on leading companies in the Agent space, as the market shows positive growth trends both domestically and internationally [1][2] - The report highlights the acceleration of major model iterations since July, including Grok4, Kimi K2, GLM4.5, Genie3, and GPT5, indicating a trend towards open-source, low-cost, low-hallucination, and multi-modal features, which are expected to enhance AI application deployment [1][2] - The report suggests actively seizing market fluctuations to build positions in leading companies, especially in the commercial and military AI sectors, as evidenced by Palantir's impressive Q2 2025 performance, where its commercial Agent-driven revenue grew by 93% year-on-year [2] Group 2 - The second chapter of the report provides a focused analysis on overseas AI application leaders and the implications of GPT5, reinforcing the high growth potential in this sector [3]