计算机行业周报：国产大模型超预期，人工智能+政策持续推进

Investment Rating - The industry investment rating is maintained at "Overweight" [6] Core Views - The domestic large model competition is intensifying, with significant developments from companies like Doubao, Huansheng, and Xiaomi. The launch of the DeepSeek-V3 model by Huansheng, which boasts 671 billion parameters and has shown performance comparable to top models like GPT-4O, highlights the advancements in domestic AI capabilities [4] - Recent government policies are increasingly supportive of AI and computing power, with new measures allowing for greater investment in quantum technology and computing infrastructure. This includes the increase of the special bond project capital limit from 25% to 30% for computing-related projects [5] Market Review - In the past week (December 23-27), the Shanghai Composite Index rose by 0.95%, while the ChiNext Index fell by 0.22%. The CSI 300 Index increased by 1.36%, but the computer (Shenwan) index dropped by 4.25%, underperforming the Shanghai Composite Index by 5.21 percentage points [3] Investment Suggestions - Recommended companies to focus on include those in AI computing such as Haiguang Information, Cambrian, and Zhongke Shuguang, as well as AI application companies like Kingsoft Office, iFlytek, and Wanxing Technology [6][7]