Investment Rating - The industry investment rating is "Outperform the Market" [36] Core Insights - OpenAI has launched its latest video generation model Sora 2.0, marking a significant advancement in AI video content creation, which is expected to enter a more mainstream application phase [11][12] - AMD has entered a strategic partnership with OpenAI to deploy a total of 6GW of AMD Instinct series GPU computing power, with the collaboration expected to generate hundreds of billions in revenue [15][16] - The upcoming release of Figure 03, a humanoid robot, signifies a new phase in the commercialization of embodied intelligence, with significant cost reductions and mass production plans [18][20] Summary by Sections Industry Investment Rating - The report rates the computer industry as "Outperform the Market," indicating expectations for the industry index to perform better than the benchmark index over the next 6-12 months [36] Key Events - OpenAI's Sora 2.0 was released on September 30, 2025, allowing users to create AI videos through text, images, or videos, with a notable feature allowing users to insert themselves into scenes [11][12] - AMD and OpenAI announced a strategic cooperation on October 6, 2025, to deploy 6GW of GPU computing power, with the first phase starting in 2026 [15][16] - Figure 03, a humanoid robot, is set to be released on October 9, 2025, focusing on cost control and large-scale production, with a goal of producing 100,000 units annually [18][20] Company Developments - Guangyang Co. plans to invest 150 million RMB in a robot industry fund, contributing to a total fund size of 300 million RMB [27] - Suochen Technology is acquiring a 55% stake in Kunyu Lancheng for approximately 74.25 million RMB, enhancing its control over the company [28]

| 国泰海通证券 | | --- | | GUOTAI HAITONG SECURITIES | 目 录 | | 每日报告精选（2025-10-09 09:00——2025-10-10 15:00） | 2 | | --- | --- | --- | |  | 策略观察：《成交活跃度升高，万得全 A 估值领涨》2025-10-09 | 2 | |  | 行业专题研究：传播文化业《中国规模最大、增速最快的潮玩集合品牌，产品与渠道双轮驱动》2025-10-102 | | |  | 行业跟踪报告：机器人《Figure 03 展示家庭应用场景，为规模化生产做准备》2025-10-10 | 3 | |  | 行业深度研究：医药《小核酸，大时代，靶向治疗新纪元》2025-10-10 | 4 | |  | 行业跟踪报告：建筑工程业《建筑铜金等矿产价值重估，降息预期催化资源品涨价》2025-10-10 | 5 | |  | 行业跟踪报告：投资银行业与经纪业《25H1 小结：高增之下，酝酿变化》2025-10-10 | 6 | |  | 行业跟踪报告：半导体设备《自强，先进制程设备的突破是核心》2025-10-0 ...