【券商聚焦】中金公司:AI应用落地 国内模型迎来密集催化

金吾财讯
3 hours ago

金吾财讯 | 中金公司发研报指,科技:AI应用落地,国内模型迎来密集催化。近期国内AI应用落地仍然存在较多催化,豆包成为央视春晚合作伙伴,并开展流量推广与营销活动,岁末年初多款国产大模型陆续发布。除软件外,云服务、AIDC等具备基本面支撑,是值得持续关注的领域。终端需求方面,2025年12月手机销量同比增长10%,笔记本电脑、电脑硬件/显示器/电脑周边分别同比下降19%、17%。半导体行业景气度仍然较高,11月全球半导体销售额同比增长30%,中国半导体销售额同比增长23%。游戏行业景气持续回暖,2025年国内游戏版号发放数量共计1771个。

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