【兴证计算机】2026年元旦假期备忘录

Group 1 - The core viewpoint emphasizes innovation as a weapon and encourages actively seizing the spring market opportunities, with a focus on AI, domestic production, and cutting-edge technology for 2026 [1][2] - In 2025, the Shenwan Computer Index had an annual increase of 18.24%, ranking 14th out of 31, underperforming the Wind All A Index by 9.41 percentage points due to moderate performance improvement in the computer industry and the hardware investment characteristics of the AI revolution [1] - The report suggests that the performance of domestic AI computing power is expected to accelerate, with continuous improvement in the commercialization capabilities of AI applications and breakthroughs in cutting-edge innovation fields such as commercial aerospace, digital currency, brain-computer interfaces, and quantum technology [1] Group 2 - In the short term, the report advocates for increasing positions and actively laying out the computer sector for the spring market, noting that the computer industry has adjusted sufficiently since September 2025, and the stabilization of performance brings valuation switching, enhancing investment value [2] - Historically, due to policy and industrial dividends, the computer industry often shows good profitability effects in Q1, especially in February, with current high levels of technology sector holdings but low levels in the computer sector, indicating potential upward movement for this year's spring market [2] - The report highlights the recent acquisition of Manus by Meta, indicating major companies' commitment to deepening their AI application strategies, and the release of a new model framework by Deepseek that significantly enhances the stability and efficiency of large model training [3]