云计算：全面解析DeepSeek影响下的投资机会

Investment Rating - The report maintains a "Recommended" rating for the computer industry [1] Core Viewpoints - The February market is showing signs of improvement, with a recommendation to actively increase positions in leading companies with rebound potential [6] - The computer sector continues to lead, with a significant value recovery and a prediction that February is the most important opportunity period in the first half of the year [6] - The DeepSeek model is seen as a milestone event that will continuously catalyze the industry, with increasing demand for domestic AI computing power and a positive outlook for AI applications [7][8] Summary by Sections Industry Weekly Viewpoints - The computer index has risen by 7.81% from February 9 to February 15, outperforming other indices [51] - The report highlights that the computer sector's performance is significantly below historical averages despite a 91% increase since the lowest point in 2024 [6] Cloud Computing: Analysis of Investment Opportunities - Major tech companies are expected to continue increasing capital expenditures, with Amazon's capital spending projected to reach $100 billion in 2025, a 20.48% increase [11] - The domestic cloud computing market is expected to grow significantly, with a projected market size of over 2.1 trillion yuan by 2027 [15] - DeepSeek is driving demand for cloud services, with public cloud providers rapidly adapting to meet the needs of large models [15] Investment Recommendations and Related Companies - Suggested companies in the AI sector include Haiguang Information, Kingsoft Office, and iFLYTEK [9] - In the cloud services sector, recommended companies include Capital Online, Shenxinfu, and Yike Technology [48] - The report emphasizes the importance of the DeepSeek model in enhancing the capabilities of SaaS applications, with companies like Yonyou and Kingdee integrating DeepSeek into their platforms [39][43]