【兴证计算机】字节AI生态跟踪：应用拓展持续拉动算力需求

Core Viewpoint - The article emphasizes increasing investment in cross-year varieties, with a continued focus on the AI industry chain, highlighting significant investment opportunities in the computer sector due to performance recovery, policy benefits, and ongoing industrial innovation [1][2]. Group 1: Investment Strategy - The current computer sector shows characteristics of performance recovery, policy benefits, and low positions, indicating significant investment opportunities [1]. - As the year-end approaches, there is expected to be increased attention on cross-year varieties, driven by valuation shifts, improved prosperity, accelerated realization, relative bottoms, and expectations for the Two Sessions [1]. - The international trade friction is easing, which is beneficial for boosting expectations, while domestic policies are promoting the accelerated development of AI applications [1]. Group 2: AI Application Growth - AI application companies such as Palantir, Applovin, and Shopify are experiencing high growth trends, with notable acceleration in Q3 performance from leading domestic AI application firms [2]. - The cost-effectiveness of AI applications is highlighted, suggesting potential for a "seesaw effect" in market expectations [2]. Group 3: AI Ecosystem Tracking - The article includes a focus on tracking the ByteDance AI ecosystem, indicating ongoing expansion in applications that continue to drive demand for computing power [2].