Equipment Type: Optical proximity sensors for general-purpose industrial controls Industry: Electrical equipment manufacturing The equipment described in this report are primarily defined by its title since the title is generally long and includes most of the criteria used to differentiate the equipment from other similar equipment. The equipment descriptions are sourced from the U.S. Census. Additionally descriptions can be collected from the manufacturing industry descriptions that each equipment is categorized. The U.S. Census manufacturing industry descriptions for equipment are listed below

Equipment Type: Other cable, cord, and flexible conduit fittings Industry: Wiring device manufacturing The equipment described in this report are primarily defined by its title since the title is generally long and includes most of the criteria used to differentiate the equipment from other similar equipment. The equipment descriptions are sourced from the U.S. Census. Additionally descriptions can be collected from the manufacturing industry descriptions that each equipment is categorized. The U.S. Census manufacturing industry descriptions for equipment are listed below

Equipment Type: Nonoptical proximity sensors for general-purpose industrial controls Industry: Electrical equipment manufacturing The equipment described in this report are primarily defined by its title since the title is generally long and includes most of the criteria used to differentiate the equipment from other similar equipment. The equipment descriptions are sourced from the U.S. Census. Additionally descriptions can be collected from the manufacturing industry descriptions that each equipment is categorized. The U.S. Census manufacturing industry descriptions for equipment are listed below

Equipment Type: Movement sensors for general-purpose industrial controls Industry: Electrical equipment manufacturing The equipment described in this report are primarily defined by its title since the title is generally long and includes most of the criteria used to differentiate the equipment from other similar equipment. The equipment descriptions are sourced from the U.S. Census. Additionally descriptions can be collected from the manufacturing industry descriptions that each equipment is categorized. The U.S. Census manufacturing industry descriptions for equipment are listed below

营收：23Q2，AMD 实现收入 53.59 亿美元，同比-18%，毛利率环比 +2pct 至 46%，运营亏损为 2,000 万美元，净收入为 2,700 万美元，每股摊薄收益为 0.02 美元。按非通用会计准则，毛利率为 50%，运营收入为 11 亿美元，净收入为 9.48 亿美元，每股摊薄收益为 0.58 美元。

新技术、新应用、“OLED”对 DDIC 需求持续拉动。智能手机、平板、PC、电视等传统显示是 DDIC 的基本盘，车载显示屏、AR/VR 等新型显示成为 DDIC 的增量市场。随着显示面板尺寸和清晰度升级，其对DDIC 的数量和规格需求也在升级。相较于 LCD，OLED DDIC 制程更先进，工艺难度更高。新技术、新应用、“OLED”成为拉动 DDIC 需求的三个关键因素。

7126，小鹏与大众联合发布公告，签署战略技术合作签订框架协议。大众未来或将把小鹏的800V碳化硅平台、智能驾驶、智能座舱等技术引入江淮大众的产品阵列中。此前奥迪与上汽智己的合作、比亚迪与丰田的合作，都说明中国汽车企业在上述领域中的技术前瞻，更多外资车企的技术采购与合作也将促进前瞻技术和功能加速投放到市场，也为相关技术和产业链的出海带来更大的可能性。我们看到在此轮汽车智能化浪潮中，自主品牌电子电气架构的平台化优势充分凸显，重申汽车电子三条投资主线:智驾、SiC、和智能座舱。产业链标的有:斯达半导、禾赛、舜宇、联创、京东方精电等。

Cohere 致力于为企业定制生成式AI 服务。Cohere 成立于 2019 年， Cohere 专注 于为企业提供文本类生成式AI 服务，可基于企业数据进行模型定制。2023 年6 月8 日，Cohere 获得了2.7 亿美元的C 轮融资，投资者包括Oracle、 Nvidia、 Salesforce 等。Cohere 的估值也随之来到20 亿美元，在基础大模型领域仅次于 OpenAI 和Anthropic。

光伏电站IRR 是决定光伏行业需求的核心变量，从历史上来看国内以及海外市场IRR 与当地新增装机增速走势基本同步。展望2024 年，国内组件降价+融资利率下降， 同时电价保持稳定；欧洲电价向下空间不大，组件降价叠加欧美进入降息周期，IRR 边际向好。另外美国原材料溯源流程逐步清晰，有助于当地需求释放。我们预计24 年光伏行业需求仍然维持高增长，看好渗透率仍处于快速提升阶段的TOPCon 方向， 以及具有升级空间的相关设备、材料环节。

海外大厂陆续开始公布AI应用模块定价，表明海外市场对AI模块提升生产力和落地效果的认可度较高。国内正处于“百模大战”阶段，基础大模型研发层出不穷，应用端生态欣欣向荣。我们认为，国内大模型正在加速追赶海外，在具体应用场景中加快研发进度，预期国内AI应用会加速落地。我们继续看好AI板块后续的行情，大模型的规范化健康发展将促进下游应用的铺开，推荐应用领域有客户基础且产品成熟度较高标的，以及算力领域、华为算力产业链标的等。