Core Viewpoint - The article emphasizes the importance of focusing on AI edge innovation amidst easing tariff pressures, highlighting potential investment opportunities in the consumer electronics sector driven by AI advancements and new product launches [3][23]. Group 1: Terminal Market Trends and Innovations - In Q2, smartphone shipments saw a year-on-year growth slowdown to 1%, with the official release of GPT-5 prompting attention towards AI innovations in upcoming fall models [4][33]. - The global PC market experienced a Q2 shipment increase of 6.5% year-on-year, although growth is expected to weaken in H2 due to inventory adjustments [5]. - AI/AR glasses shipments surged by 87% year-on-year in Q2, driven by Meta's product launches, while VR/AR demand remains weak [6]. - The global TV market is projected to see a slight increase in Q2 shipments by 1.1%, primarily supported by domestic demand, although the overall market outlook for the year remains negative [7]. - The domestic automotive market recorded a 13.8% year-on-year increase in H1 sales, with a focus on advancements in intelligent driving technologies [8]. Group 2: Industry Chain Tracking - Apple announced an additional $100 billion investment in the U.S. and reported better-than-expected Q2 performance, while Xiaomi achieved record-high Q2 results [10]. - The Q3 new product season is expected to boost demand, with optimism surrounding AI cloud-side innovations [12]. - The domestic AIoT SoC industry showed strong performance in H1, with major companies accelerating their AI edge application layouts [13]. - Taiwanese optical manufacturers reported year-on-year revenue growth in Q2, with a focus on innovative trends in optical components [14]. - The battery sector is entering a peak season for new product stocking, with a long-term focus on innovations driven by AI integration [18]. Group 3: Investment Recommendations - The article suggests focusing on AI edge innovations and consumer electronics investment opportunities, particularly in the context of easing tariff pressures [22][23]. - The Apple supply chain is highlighted as a low-valuation opportunity, with expectations for significant product innovations in the coming years [23]. - The Android supply chain is advised to monitor AI innovations and consumer subsidy policies that could enhance sales potential [24]. - The AI application sector is viewed as a key investment theme, with recommendations to focus on companies with strong ecosystem advantages [25].