Investment Rating - The report does not explicitly state an investment rating for the industry or specific companies [4][6]. Core Insights - The Huawei Connect Conference 2025 highlighted three major updates: chips, super nodes, and partnerships, with a focus on the Ascend AI chip series and the introduction of the Atlas 950 AI super node [5][6][27]. - The AI glasses market is experiencing significant catalysts, particularly with the launch of Meta's AI glasses, which integrate advanced features such as AR display and muscle signal interaction [27][31]. Summary by Sections Huawei Connect Conference 2025 - Huawei announced a three-year plan for the Ascend AI chip series, including the Ascend 950 series with models Ascend 950PR and Ascend 950DT, which will feature enhanced computing power and interconnect bandwidth [7][9]. - The Ascend 950 series will support new low-precision data formats, achieving computing power of 1P and 2P, and will significantly improve training efficiency and inference throughput [10][11]. - The Atlas 950 super node will support up to 8192 Ascend 950DT cards, with a total computing power of 8EFLOPS for FP8 and 16EFLOPS for FP4, and an interconnect bandwidth of 16PB/s, surpassing current global internet peak bandwidth [12][13]. AI Glasses Market - Meta's AI glasses, including the Meta Ray-Ban Display, will feature AR capabilities and muscle signal interaction, set to launch at a price of $799 in the US [27][29]. - The integration of AI algorithms from companies like虹软科技 (Rainbow Soft) enhances the performance and efficiency of these glasses, positioning them favorably in the market [31][32]. Investment Targets - Key investment targets in the AIGC sector include companies like 金山办公 (Kingsoft Office), 万兴科技 (Wondershare), and 虹软科技 (Rainbow Soft) [27][33]. - The digital economy leaders identified include 海康威视 (Hikvision), 恒生电子 (Hundsun Technologies), and 科大讯飞 (iFlytek) [33].