The computer sector rose 2.27 per cent last week, about the same as the major indexes. We believe that the continued rebound before New Year's Day has repaired market sentiment, investors are expected to continue to focus on data elements, calculation and other policy lines to do the layout and focus on performance certainty varieties.

the construction of a national integrated computing network is accelerated: on Friday, the national development and reform Commission and other five ministries and commissions officially issued the "implementation opinions on in-depth implementation of the" east and west computing "project to accelerate the construction of a national integrated computing network" to build a national integrated computing network that is networked, inclusive, easy to use, green and safe. Under the background of accelerating the construction of computing power network, the computing power industry will move from the current vertical integration mode to multiple industrial chain links such as computing power supply, computing power scheduling, computing power operation, etc. Among them, computing power scheduling and operation are the key to connect scattered computing power infrastructure, realize low threshold and universal computing power, and are the most beneficial directions for future computing power construction.

the multimodal large model has made rapid progress and has a broad application space in the future: we believe that on the one hand, the multimodal large model is conducive to the formation of more lively and interactive applications such as pictures and videos, thus contributing to the birth of C- end explosions; On the other hand, the multimodal large model can really break through the barrier between the physical world and the digital world, and directly generate operations with the most basic world perception ability, achieve the most natural interaction with the physical world, thus providing strong support for breakthroughs in the field of body intelligence such as autonomous driving and humanoid robots.

data element industry catalysis and landing is worth looking forward to: recently, the National Development and Reform Commission released the "data elements x" three-year action plan (2024-2026) "draft for comments, to promote data elements in manufacturing, agriculture, commerce, transportation, finance, medical and other 12 industry scene end landing. And listed companies are also stepping up cooperation with local data groups, such as Yinzhijie recently signed a strategic cooperation agreement with Qingdao public data operators. We believe that under the policy, the industry landing is expected to speed up, and investors will be more concerned.

in the field of digital infrastructure represented by computing power network, it is suggested to pay attention to zhongke shuguang (603019, buy), stech (300608, unrated), haiguang information (688041, buy), yakang shares (301085, unrated), zhonghe technology (000925, unrated), capital online (300846, unrated), tongniu information (300895, unrated), Youke-W(688158, unrated), etc.

the big model is accelerating its penetration into the B and c ends. it is suggested to pay attention to Jinshan office (688111, overweight), new software (688590, unrated), hongsoft technology (688088, unrated), hkust xunfei (002230, buy), zhongke chuangda (300496, buy), caixun shares (300634, unrated) and wanxing technology (300624, unrated).

data element plate, it is recommended to pay attention to yinzhijie (300085, unrated), radio and television express (002152, unrated), zhongke Jiangnan (301153, unrated), long yinhai (002777, unrated), Shanghai steel union (300226, overweight), pass treasure (301339, unrated), daily interaction (300766, unrated), deep sangda a (000032, unrated), Yunsai Zhilian (600602, unrated), 3D Tiandi (301159, unrated), Yi Hualu (300212, unrated), Shanda Latitude (688579, unrated) and other targets.

other: it is recommended to pay attention to the target of far-light software (002063, buy), aerospace macro (688066, buy), universal software (300996, unrated), etc.

risk tips

technology landing is not as expected; Policy regulatory risks