Core Insights - The report highlights the acceleration of AI application commercialization, particularly through Google's Gemini business, which is expected to benefit related stocks such as Zhonggong Education and Jiuqi Software [5] - The next-generation data center power supply solutions are emerging as a new competitive arena in the capital market, with relevant stocks including Xinte Electric and Teruid [5] - OpenAI is set to launch its first device this year, indicating significant investment opportunities in AI edge innovation, with related stocks being Yingtong Communications and Lingyi Zhizao [5] Macro News Summary - The National Development and Reform Commission is planning to formulate an implementation plan for the expansion of domestic demand strategy from 2026 to 2030 [4] - The Ministry of Finance and other departments are implementing a special guarantee plan for private investment with a quota of 500 billion [4] - The Ministry of Finance has extended the fiscal interest subsidy policy for personal consumption loans until the end of 2026 [4] Industry Dynamics - Qianjiang Water Conservancy's core water supply technology has been included in the Ministry of Water Resources' key promotion directory, supporting rural revitalization and water security [6] - Artis has successfully defended its overseas intellectual property rights and is continuing its business restructuring in the U.S. [6] - Zhongwei Semiconductor is set to launch low-power storage chips, indicating a structural market trend in the semiconductor sector [6] - Weifu High-Tech's subsidiary has achieved mass production of the sixth-generation millimeter-wave radar products in collaboration with Bosch [6] Market Review and Outlook - On January 20, the three major indices collectively declined, with the ChiNext Index dropping over 2%. The total trading volume in the Shanghai and Shenzhen markets was 2.78 trillion, an increase of 69.4 billion from the previous trading day [7] - The chemical sector saw a surge, with over ten constituent stocks hitting the daily limit, while sectors like computing hardware and commercial aerospace faced significant declines [7] - The report suggests that after considerable market fluctuations, short-term risks have been somewhat alleviated, and the market may stabilize with a shift towards performance-based trends as the earnings forecast period approaches [7] - The report maintains a judgment that the short-term market should follow trends and actively seize the buying window from mid-December 2025 to early March 2026, with a focus on performance fundamentals [7]