Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Viewpoints - The report emphasizes the ongoing trend of investing in the AI industry, highlighting the upcoming GTC 2025 conference and Tencent's financial report as key events to watch for investment opportunities in AI computing power [4][10] - The demand for AI inference computing power is expected to grow significantly, with long-term inference tasks requiring up to 100 times more computing power than single inference tasks [4][10] - Major companies like Alibaba and Tencent are expected to significantly increase their investments in AI infrastructure over the next three years [4][10] Summary by Sections Market Review - During the week of March 10-14, 2025, the CSI 300 index rose by 1.59%, while the computer index fell by 1.36% [3][9] Weekly Viewpoint - The report discusses the importance of the AI computing power arms race, with major events like the GTC 2025 conference and Tencent's financial report on March 19, 2025, being pivotal for investment insights [4][10] User Growth and Domestic AI Applications - Manus AI reported a rapid increase in user applications for its AI Agent product, with the waiting list growing to 2 million within a week of launch [5][11] - The official release of the native HarmonyOS version is expected to enhance edge AI capabilities, indicating a bright future for domestic AI applications [5][11] Investment Recommendations - The report maintains a positive outlook on domestic AI industry leaders such as Alibaba and DeepSeek, recommending companies in the computing power sector like Haiguang Information, Zhongke Shuguang, and Inspur Information [6][12] - Beneficiary stocks include Cambricon, Unisplendour, and Industrial Fulian, among others, with specific recommendations for cloud service providers and integrated machine manufacturers [6][12]