【国信电子胡剑团队|1202周观点】ASIC有望开拓新市场，夸克眼镜强化AI端侧新趋势

Core Viewpoint - The electronic industry is expected to maintain an optimistic outlook, with a focus on patience in allocation, leveraging time to create space for growth. Recent market performance shows a rebound in the electronic sector, driven by AI-related demand and upcoming innovations in 2026 [3]. Market Performance - The Shanghai Composite Index rose by 1.40%, while the electronic sector increased by 6.05%. Among sub-industries, components surged by 8.10%, and electronic chemicals rose by 3.93%. Concurrently, the Hang Seng Tech Index, Philadelphia Semiconductor Index, and Taiwan Information Technology Index saw increases of 3.77%, 9.66%, and 5.01% respectively [3]. Industry Challenges - The recent underperformance of the electronic sector over the past month is attributed to the reduction of national subsidies, export rush in Q2, and price hikes due to storage shortages, leading to weaker Q3 reports. The current period is characterized as a performance gap of nearly six months [3]. Future Catalysts - Certain stocks benefiting from high growth in overseas AI computing demand are approaching performance forecasts in January. Anticipation of spring market activity is expected due to innovations in AI smartphones, AI glasses, and foldable screens projected for 2026 [3].