综合行业周报：AI需求可预见性愈发清晰，关注Robotaxi产业机会

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（以下内容从开源证券《综合行业周报：AI需求可预见性愈发清晰，关注Robotaxi产业机会》研报附件原文摘录）互联网：双十一竞争回归极致低价及体验，AI云需求持续验证（1）电商：双十一国补退坡下节奏趋稳，电商补贴持续加码，多条业务线整合协同+切入本地生活+AI化赋能成为主要增长驱动因素，平台竞争回归低价及用户体验；（2）云业务：英伟达于GTC大会上指引市场，当前订单至2026年底或有望实现5000...

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href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251117100853976dd2eb&s=b><strong>开源证券</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>（以下内容从开源证券《综合行业周报：AI需求可预见性愈发清晰，关注Robotaxi产业机会》研报附件原文摘录）互联网：双十一竞争回归极致低价及体验，AI云需求持续验证（1）电商：双十一国补退坡下节奏趋稳，电商补贴持续加码，多条业务线整合协同+切入本地生活+AI化赋能成为主要增长驱动因素，平台竞争回归低价及用户体验；（2）云业务：英伟达于GTC大会上指引市场，当前订单至2026年底或有望实现5000...</p>\n\n<a 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Infta产业的AI化需求。自动驾驶：Robotaxi双雄港股上市，小鹏入局Robotaxi汽车：11月1日-9日国内乘用车零售同环比下滑，主要因以旧换新和报废更新补贴政策大幅收紧导致需求提前透支，批发环比增长系厂商为年底冲量加快生产节奏。11月国内车市迎来一波新车发布潮，近20款车型计划上市或开启预售。Robotaxi：11月6日，小马智行、文远知行正式在香港联合交易所主板挂牌上市，共计发行分别约4825/1765万股，集资额有望达77.0/23.9亿港元；小鹏汽车有望于2026年发布Robotaxi车型，算力有望高达3000TOPS，其Robotaxi车型率先接入高德，有望于2026年开启试运营；城区NOA：奇瑞星途ET5开启预售，第三方城区NOA辅助驾驶15-20万区间渗透提速。投资建议：互联网：双十一节奏趋稳，补贴加码+本地生活协同驱动增长；海外互联网大厂广告及云增速表现亮眼，AI云需求持续验证，关注港股互联网映射；中美APEC峰会谈判结果落地，跨境电商平台美国份额有望持续提升，推荐阿里巴巴-W、拼多多，百度集团-SW，受益标的腾讯控股；计算机：AI需求可预见性提升，软件侧亦孕育机会，重点推荐受益于央国企IT支出的浪潮数字企业，受益标的有金蝶国际、北森控股、第四范式等；汽车&自动驾驶：Robotaxi行业再迎进展，重点推荐Robotaxi相关产业链公司小马智行、地平线机器人-W、黑芝麻智能，受益标的文远知行。风险提示：软件及产品推出不及预期，产能及供应链风险，监管政策变动，宏观经济增长放缓，地缘政治风险。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}