半导体领域，随着疫情持续，芯片需求激增，包括通信与IT 基础建设、个人云端运算、游戏与医疗电子装备等领域导致该行业的景气度继续维持高位。消费电子行业，随着部分上市公司披露2 月营收数据，我们认为，苹果手机产业链仍然维持高景气度。科技领域的国产替代及5G 应用的逐步渗透必将带来许多全新机遇。因此建议重点关注：1）苹果产业链：信维通信（300136）、立讯精密（002475）；2）滤光片龙头：水晶光电（002273）；3）三代半导体：三安光电（600703）；4）被动元件：顺络电子（002138）；5）充电器：安克创新（300866）；6）Mini LED：洲明科技（300232）。电子行业维持“领先大市”评级。

重点公司：终端手机整机厂商中，我们追踪了苹果、小米、传音控股的财务及销量数据。我们认为：苹果品牌力及产品力依然领先、用户粘性较强，5G新 机有望带动换机，长期可穿戴、软件服务等上行趋势未改；小米手机销量快速增长，lo下出海顺利，互联网业务增速略滞后于手机销量，维持长期看好；传 音控股在非洲市场稳健增长，在其他新拓展市场包括印度、孟加拉、巴基斯坦等销量快速提升，全球拓展加速；我们维持对三家整机公司长期看好的观点。 

我们长期看好未来10侧于业的持续成长，预计！oT设备将成为继PC、手机之后新一代强粘性硬性终端o--(1)中短期 看，安卓端智能耳机渗透率仍低（预计不足10%)，相较于A端，我们认为2021年安卓端TWS耳机的渗透速度和行 业集中度趋势更好，弹性更强，出货量增速有望持续全年，达50%-i 00%，并带动行业迅速向头部大客户及有资源 和技术优势的品牌公司集中，我们看好安卓端下ws耳机全年的龙头公司业绩弹性。建议关注弹性最大的上游主芯片 环节，并且具备平台级能力的恒玄科技，其他零部件厂商包括兆易创新、汇顶科技，中游关注0DM/OEM厂商趾主 股份、立讯精密、闻泰科技、佳禾智能、精研科技、滋通通讯、朝阳科技，下游关注受益品牌集中的漫步者、安克 创新、小米集团・w、传音控股；(2)中期，预计智能手表集成运动、健康监测等功能将进一步分散手机功能，成 为下ws耳机后的第二个高增长点。建议关注歌尔股份、立讯精密、环旭电子等；(3）长期看，5G逐步落地， ARNR作为下一代基于视频的人机交互平台，在解决传输、内容等问题后预计将获得高确定性成长。建议关注趾主 股份、舜宇光学科技、韦尔股份、水晶光电等。 

High performance computing (HPC) is the application of supercomputers, which is use to solve computational problems, which are either too large for standard computers or would take too long to solve. An HPC system is essentially a network of nodes, each of which contains one or more processing chips, as well as its own memory. The most common users of HPC systems are scientific researchers, engineers, and academic institutions. Some government agencies, mainly the military sector, also rely on HPC for complex applications.

OEMs are exploring both mono cameras and stereo cameras today. Mono-cameras are currently the primary computer vision option for specialized driver assistance systems due to their low price point and lower processing requirements (ADAS). Mono-cameras, all with reasonable precision, can do many things fairly well, such as distinguishing lanes, pedestrians, traffic signals, and other vehicles in the car's direction. The monocular system is less reliable in calculating the 3D view of the world. Stereo cameras can receive the world in 3D and provide an element of depth perception due to dual lenses.

The global AI in healthcare market is estimated to grow at a CAGR of 49.8% from 2020 - 2027. Key factors that are driving growth of the market are rising application of artificial intelligence (AI) in healthcare, growing investment in ai healthcare startups and increasing cross-industry partnerships and collaborations are anticipated to drive the market. However, the dearth of skilled ai workforce and imprecise regulatory guidelines for medical software is hampering the growth of the market.

市场回顾：上周沪深300 指数下跌1.39%，中小板指数上涨1.07%，创业板指数上涨0.31%，计算机（中信）指数上涨1.05%。板块个股涨幅前五名分别为：皖通科技，朗新科技，*ST 实达，立思辰，远光软件；跌幅前五名分别为：天夏智慧，用友网络，光云科技，广联达，深信服。

微信电商整体使用情况：公众号小程序和视频号渗透率依次下降。从各个品类来看，1）高频消费类产品：服饰、饮品对于微信电商工具的使用比较全面；2）对于低频消费类产品（大部分价格比较高）：例如手表对微信工具的使用较少，原因在于用户更多的需要现场“验货”，并且部分是为特定人群定制的高端产品，使用微信工具开展电商环节略显牵强；3）对于部分高频消费类产品：例如内衣类，因为涉及到个人隐私以及内容发布的合规问题而在视频号的传播上受到限制。

2 月23 日，我们前瞻发布《网络安全年度策略：回顾2020，展望2021 和未来》（2021 年2 月23 日）大力强调网络安全的板块性机会。上周周报，我们重申网络安全板块机会，并且组织安恒信息高管、华为云安全专家和网络安全策略解读会等三场交流会，市场反应强烈。考虑订单情况，我们认为网络安全公司21 年Q1 业绩有望超预期。

The global AI in healthcare market is highly fragmented in nature. The market comprises various emerging and established companies, such as General Electric Company, Medtronic plc, and Allscripts Healthcare Solutions, Inc. Moreover, the global companies hold 40.56% cumulatively in the global AI in healthcare market. The emerging companies vary significantly in their product offerings. The following table represents the emerging companies across various AI-enabled healthcare applications.