Investment Rating - The report suggests focusing on sectors driven by domestic AI development such as servers and IDC, as well as sectors like servers and optical modules driven by overseas AI development [4] Core Insights - Nvidia has strategically integrated Groq and restructured its cloud service team, aiming to enhance its AI inference chip capabilities and optimize long-term competitiveness [1][2] - Samsung and SK Hynix have raised HBM3E prices by nearly 20% for next year, attributed to increased orders from AI accelerator companies [1] - OpenAI's computing profit margin has surged to 70%, with discussions underway regarding an advertising business model [1][2] - ByteDance plans to invest 160 billion RMB (approximately 23 billion USD) in capital expenditures next year, with a significant portion allocated to AI processors [1][2] Summary by Sections Server Sector - The server index increased by 3.00% this week, while it has decreased by 3.36% this month. OpenAI's computing profit margin has reached 70%, indicating a potential rise in server demand due to the commercialization of AI [2][6] Optical Module Sector - The optical module index rose by 5.17% this week and 20.27% this month. Nvidia's agreement with Groq is expected to strengthen its position in high-efficiency inference technology [2][6] IDC Sector - The IDC index increased by 3.73% this week and 4.48% this month. ByteDance's planned capital expenditure and the significant growth in daily active users for its product Doubao suggest a positive outlook for the domestic supply chain [2][7]

Core Viewpoint - Huawei officially announced a new product launch event scheduled for December 22 at 14:30, where the nova 15 series smartphones and various smart devices will be unveiled [1][5]. Group 1: Product Details - The nova 15 series includes three models: nova 15, nova 15 Pro, and nova 15 Ultra, aligning with previous market rumors [3][5]. - The nova 15 maintains the design language of its predecessor with a single punch-hole screen, while the Pro and Ultra models feature a new horizontal layout for the large camera module, potentially equipped with a red maple color imaging system for improved color reproduction [3][5]. - The color options for the series include "Vibrant Green," "Stylish Purple," "Zero White," and "Phantom Black," catering to both fashion and daily matching needs [3][5]. Group 2: Hardware Specifications - The nova 15 is powered by the Kirin 8 series processor, targeting the mainstream performance level, while the Pro and Ultra versions upgrade to the Kirin 9 series chip, approaching flagship performance standards [6]. - Storage configurations for the nova 15 and nova 15 Pro include options of 12GB+256GB and 12GB+512GB, with the Ultra version offering an additional 12GB+1TB high-capacity option to meet user demands for larger storage [6]. Group 3: Camera and Features - The camera system is a key upgrade, with the nova 15 Pro featuring a dual 50MP main camera and a periscope telephoto lens, along with ultra-wide and multispectral sensors for full focal length coverage [4][6]. - The Ultra version further optimizes the main camera module with a 1/1.3-inch large sensor, significantly enhancing light intake and image quality [4][6]. - All models support bidirectional Beidou satellite messaging, and some may include TianTong satellite calling capabilities to enhance communication reliability in extreme environments [4][6]. - The devices will come pre-installed with the latest operating system, support Wi-Fi 7, and enhance multi-device connectivity for improved cross-terminal collaboration efficiency [4][6].

Group 1 - The core viewpoint of the article is that Huawei will hold a launch event for the nova 15 series and other products on December 22, showcasing significant upgrades in design, imaging, and performance [1] - The nova series is positioned as Huawei's mid-to-high-end smartphone brand, indicating a focus on enhancing its market presence in this segment [1] - The launch event will also feature new products in tablets, wearables, and HarmonyOS smart home devices, suggesting a broader strategy to expand Huawei's ecosystem [1] Group 2 - According to IDC, the Chinese smartphone market is projected to see a shipment volume of approximately 68.46 million units in Q3 2025, reflecting a year-on-year decline of 0.5% [1] - Huawei's expected shipment volume is 10.4 million units, which translates to a market share of 15.2%, placing the company in third position in the market [1]