Investment Rating - The report maintains a "Buy" rating for the companies discussed, including TuoSiDa and BaoFeng Energy, based on their growth potential and financial performance [8][9][10]. Core Insights - The semiconductor industry is witnessing a significant shift towards self-developed AI chips by major companies, driven by the increasing demand for AI applications and the need for efficient computing solutions [4][6]. - The healthcare sector is advancing with the introduction of brain-computer interface technologies, supported by new pricing guidelines from the National Healthcare Security Administration, which will facilitate clinical applications [7]. - The macroeconomic environment shows mixed signals, with U.S. employment data indicating a slight cooling but not severe enough to trigger recession fears, while fiscal policies under the Trump administration are impacting market sentiment [1][14]. Industry Summaries Semiconductor Industry - The competition between GPGPU and ASIC chips highlights the strengths and weaknesses of each technology, with ASICs excelling in low-precision tasks but lagging in memory bandwidth compared to GPGPUs [4]. - Major companies are investing heavily in R&D for AI chips, with the expectation that the demand for AI inference will continue to grow significantly [6]. Healthcare Sector - The successful implementation of brain-computer interface surgeries marks a breakthrough in medical technology, with new pricing projects established to support these innovations [7]. - The National Healthcare Security Administration's new guidelines will help standardize costs associated with brain-machine interface services, paving the way for broader clinical adoption [7]. Macroeconomic Environment - Recent U.S. economic data presents a mixed picture, with non-farm employment figures slightly below expectations, yet still within acceptable limits, alleviating some recession concerns [1][14]. - The divergence in fiscal narratives between the U.S. and Europe, particularly the shift towards tighter fiscal policies in the U.S., is creating volatility in market sentiments, impacting asset prices [1][14].