Stock market performance in 2025 surprised to the upside as this bull market continued to impress the masses. The themes we saw last year appear to be carrying over into the new year, a positive sign that this multi-year rally still has legs.Inflation measures have come down markedly from their 2022 peaks. This week’s release of the December CPI report showed headline inflation rose 0.3% over the prior month and 2.7% on an annual basis, with both figures matching expectations.On a “core” basis, which strips ...

证券研究报告 强于大市 投资要点： 一年内行业指数与沪深 300 指数对比走势： 资料来源：聚源数据，爱建证券研究所 相关研究 《人工智能月度跟踪：CES 2026 AI 前沿信息 汇总》2026-01-09 《电子行业周报：国产 DRAM 存储龙头 IPO 成 功受理》2026-01-06 《爱建电子深度报告：卫星通信加速进入发展 元年》2026-01-05 《电子行业周报：AI Glasses 发展或迎来苹果 动能》2025-12-30 《爱建电子深度报告：半导体产业的发展复盘 与方向探索》2025-12-26 许亮 S0820525010002 0755-83562506 xuliang@ajzq.com 联系人 行业研究 / 行业点评 2026 年 01 月 12 日 行业及产业 电子 NVIDIA 宣布 Rubin 平台全面量产 ——电子行业周报（2026/1/5-1/11） 本周（2026/1/5-1/11）SW 电子行业指数（+7.74%），涨跌幅排名 7/31 位，沪深 300 指 数（+2.79%）。SW 一级行业指数涨跌幅前五分别为：综合（+14.55%），国防军工（+13.63%）， 传 ...

Core Insights - AMD is expected to refresh its Ryzen AI lines, focusing on mobile processors transitioning from the 300 series to the 400 series, along with updates to its gaming-focused desktop processors [1] Product Updates - The Ryzen 7 9850X3D is introduced in the 9000X series, offering a 7% performance improvement with a clock speed of 5.6GHz compared to the 5.5GHz of the Ryzen 7 9900X3D [3] - Two new processors, Ryzen AI Max Plus 392 and Ryzen AI Max Plus 388, have been added to the Ryzen AI Max Plus 300 series, featuring an upgrade in GPU performance from 32 to 40 compute units [4] - The Ryzen AI 400 series is launched, providing faster versions of the 300-series equivalents, with improvements in NPU performance, reaching up to 60 TOPS for the HX 475 model [5] New Product Launches - AMD has developed a compact desktop system named Ryzen AI Halo for local AI development, capable of handling models with up to 200 billion parameters, featuring a Ryzen AI Max chip and 128GB shared memory [6]