20240304-国投证券-行业周报_海外国内共振_AI算力引领科技投资高景气领先大市-A_14页_1mb

报告摘要

Global demand for AI computing power is surging due to NVIDIA's strong earnings, driving investment opportunities, as reported by Guotou Securities. Key points include:

AI servers are in high demand, with companies like DELL seeing order growth, supporting global AI adoption.
NVIDIA's H20 chip for China aims to balance export compliance with market access, boosting domestic and imported AI solutions.
China's government is actively promoting AI computing through new centers, like Beijing's cluster, and programs like "算力券" in Guizhou and other regions, fostering domestic growth.
Recommendations focus on three investment themes: global AI computing players (e.g.,浪潮信息, 联想集团), domestic beneficiaries (e.g.,中科曙光), and cloud/edge computing enablers (e.g.,润泽科技).
The computer industry performed strongly, with an 804% weekly gain, outpacing indices, while AI-related advancements and digital economy policies are key drivers.
Risks include macroeconomic factors, policy uncertainty, and supply chain issues.

This summary highlights the high growth potential in AI computing, underpinned by strong demand and supportive government policies.

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