2026年度计算机行业投资策略:产业硬约束兑现,政策新蓝图展开

东吴证券
Dec 15, 2025

(以下内容从东吴证券《2026年度计算机行业投资策略:产业硬约束兑现,政策新蓝图展开》研报附件原文摘录)展望2026年,我们认为计算机行业将迎来“产业周期”与“政策周期”的共振:在产业端,我们面临的是“技术成熟”与“时间紧迫”。AI应用不再是空中楼阁,国产算力实现了从“可用”到“好用”的跨越,而信创“2027收官”的硬约束,将倒逼2026年成为订单释放的大年。在政策端,2026年是“十五五”规划的...

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