2026年投资方向全景展望

Group 1 - The core viewpoint emphasizes a mid-term investment strategy focusing on hard technology, with a strong correlation between performance and growth, particularly in AI infrastructure and hardware sectors [4][5]. - Key sectors include optical modules, AI PCBs, and liquid cooling systems, which are expected to benefit from global demand for computing power [4][5]. - The article suggests that the AI industry chain is entering a phase of large-scale implementation, leading to a rigid growth in hardware demand and opening up new market opportunities for leading and secondary manufacturers [5]. Group 2 - For short to medium-term opportunities, the focus is on AI applications and software, particularly in AI + SaaS and industrial software, with a preference for companies that have overseas mapping logic and high performance realization [6][7]. - The article highlights the importance of domestic substitution in sectors like semiconductors, chip design, and AI hardware, driven by policy and technological breakthroughs [8][9]. - High elasticity sectors such as humanoid robots and AI power are noted for their potential, with a focus on real orders and commercialization processes [10]. Group 3 - The article outlines a short-term strategy driven by themes and event catalysts, including energy, strategic resources, and emerging topics like quantum computing and controllable nuclear fusion [13][14]. - The core logic for the cross-year mainline is based on the three-dimensional resonance of performance, capital, and industry, emphasizing the need for verifiable order increments and avoiding pure speculative trading [15]. Group 4 - The article suggests that companies like Zhongji Xuchuang, Xinyi Sheng, and Tianfu Communication have reached reasonable valuations and are positioned for a deepening industry phase from 2026 to 2027 [16]. - It emphasizes the need to closely monitor the progress of domestic upstream material suppliers entering the North American supply chain and the capacity release of secondary optical module manufacturers [16]. - The article also stresses the importance of tracking major AI players like Nvidia and Google for insights into the extension of the AI industry chain and the potential benefits for the A-share market [17]. Group 5 - The investment priority is outlined as mid-term (AI infrastructure + high elasticity) > wave opportunities (software or domestic substitution) > thematic (short-term speculation) [19]. - The core strategy is to use hard technology as a foundation while seeking returns from elastic sectors, focusing on the verification and realization of orders, performance, and industry logic [20]. - Key milestones for validation include Q1 and Q2 2026 financial reports and the pace of AI application commercialization, which may serve as a turning point for individual stock performance [21].