证券研究报告 邮箱：zhulx@hlzq.com 计算机 报告日期：2026 年 01 月 19 日 阿里千问新升级，AI 应用加速赋能产业 ——计算机行业周报 华龙证券研究所 投资评级：推荐（维持） 最近一年走势 执业证书编号：S0230523080004 邮箱：sunbw@hlzq.com 联系人：朱凌萱 执业证书编号：S0230124010005 行业周报》2025.12.29 资策略报告》2025.12.26 彩—计算机行业点评报告》2025.12.22 摘要： 请认真阅读文后免责条款 分析师：孙伯文 AI 赋能医疗正在进行时，商业化拐点已至。近期，AI 医疗赛道 迎密集催化。海外方面，2026 年 1 月 12 日，英伟达与制药巨头 礼来在 JPM 大会期间达成合作，计划未来五年共同投资 10 亿美 元在旧金山湾区建立联合 AI 实验室，以加速 AI 药物研发进程。 OpenAI 近期上线了 ChatGPT 健康功能，积极抢滩 AI 医疗市场。 国内方面，蚂蚁科技集团积极推广 AI 健康管家产品"蚂蚁阿福"。 2025 年 12 月 15 日，依托蚂蚁医疗大模型打造的 AI 健康管家 AQ 正式升级 ...

Investment Rating - The report maintains a "Recommended" investment rating for the computer industry [2][6]. Core Insights - The AI medical sector is experiencing rapid development, with significant commercial opportunities emerging. Major players like NVIDIA and Eli Lilly are investing heavily in AI drug development, while domestic companies like Ant Group are promoting AI health management products [5][13][14]. - Alibaba's Qianwen app has transitioned into the "AI service era," integrating over 400 AI service functions and achieving over 100 million monthly active users, showcasing the potential for AI applications in enhancing user experience and operational efficiency [15][17]. - The report emphasizes the importance of building a self-sufficient and efficient computing infrastructure in response to increasing global competition and the exponential growth of AI application demands [16]. Summary by Sections AI Empowerment in Healthcare - The AI healthcare sector is at a commercial inflection point, with significant investments from both domestic and international companies. Key areas of growth include AI drug development, medical imaging analysis, and personal health management, which are expected to see increased investment value as clinical validation and regulatory frameworks improve [5][14]. Development of AI Ecosystem - Domestic tech giants are rapidly advancing their AI ecosystems, leveraging their large user bases and data resources. This integration is expected to enhance service delivery and operational efficiency across various sectors [15][16]. Market Performance - The computer sector index rose by 3.82% from January 12 to January 16, 2026, indicating positive market sentiment [8]. Key Companies and Investment Recommendations - The report highlights several companies for investment consideration, including: - AI Computing: Cambrian (688256.SH), Haiguang Information (688041.SH), Inspur Information (000977.SZ), and Zhongke Shuguang (603019.SH) [6][17]. - Vertical AI Applications: Kingsoft Office (688111.SH), Dingjie Zhizhi (300378.SZ), Hand Information (300170.SZ), and others [6][17].