Huatai Securities: The computer sector is experiencing a moderate recovery; focus on the structural mainline of AI

Mars Finance News, Huatai Securities research report points out that in 2025, the computer sector’s performance marginal improvement signals are clear, indicating that the computer sector is gradually entering a mild recovery phase. Revenue is the first to stabilize, while profits are still in the process of recovery; when selecting stocks, priority should be given to companies where revenue and profit are simultaneously showing turning points and fundamentals are accelerating improvement. In terms of the sector, it is recommended to focus on allocating to the computing power and infrastructure chain that align with the rising cycle of AI capital expenditure. As agent demand expands, driving cloud computing, CPU, and related software stack upgrades, the industry chain’s prosperity is expected to continue, making it the most certain main line direction at this stage; in the medium to long term, against the background of changes in technological paradigms, the industry’s investment logic is shifting from purely being driven by prosperity and performance to evaluating the stability and adaptability of business models. It is recommended to focus on companies with productization capabilities, customer and data barriers, and those capable of value reconstruction through AI.