CITIC Securities: Physical AI is exploding; seize on-device investment opportunities from three angles
A CITIC Securities research report states that attention on physical AI and on-device applications is rapidly heating up, with industry events such as OpenAI, NVIDIA GTC, and the Unitree Technology Ecosystem Conference serving as catalysts; combined with the sector's sufficient prior stock price correction and divergent expectations for the memory industry, these factors are jointly driving an explosive sector rally. The report holds that the core change in this round of narrative is the further strengthening of the link between model capabilities and terminal hardware, and recommends seizing on-device investment opportunities from three angles: robot capability upgrades, expanding demand for data collection, and on-device entry-point innovation.
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A CITIC Securities research report states that recently, interest in physical AI and edge-side applications has rapidly heated up. Catalysts from industry events such as OpenAI, NVIDIA GTC, and the Unitree Technology Ecosystem Conference, combined with the sector's prior stock price adjustments being relatively thorough and divergent expectations for the memory industry, have jointly driven an explosive sector rally. Considering that the core change in this round of narrative lies in the further strengthening of the connection between model capabilities and terminal hardware, it is recommended to grasp edge-side investment opportunities from three threads: robot capability upgrades, expansion of data collection demand, and edge-side entry-point innovation. Recommended focuses: first, leading companies with solid core business operations that also have edge-side industry chain layouts; second, high-beta companies with prominent edge-side positioning whose stock prices had previously undergone sufficient adjustment.