Donghai Securities' Research Report states that the semiconductor demand recovery trend continues in December 2024, but under the premise of ample supply, prices remain under pressure, although the decline has narrowed. Attention is drawn to structural opportunities in AIOT, AI computing power, AIPC, and Automotive Chips. In December, the global semiconductor supply and demand continues to maintain a weak bottom balance phase. Mobile phones, tablets, and wearable wrist devices show slight growth, TWS earbuds, smartwatches, and Smart Home experience rapid growth, while AI Servers and Electric Vehicles maintain high-speed growth. Demand may continue to recover in January; on the supply side, short-term supply is relatively ample. Prices remain fluctuating at a bottom level, but the rate of decline has narrowed, and enterprise inventory levels are high. The expectation is that supply and demand will continue to maintain a weak balance in January. From the perspective of segmented tracks, recently, AI large models and edge AI applications have been continuously implemented, and the AI Concept remains a long-term investment area with strong potential and innovation. Ongoing attention is advised; the consumption promotion activities before the Spring Festival, coupled with various local government subsidy measures, may boost demand for Consumer Electronics, and continued attention is suggested. Overall, it is advisable to focus on leading symbols in segmented tracks when prices are low.