According to the Research Reports by China Securities Co.,Ltd., in recent years, Internet Plus-Related companies such as BAT and ByteDance have actively invested in the AI industry, forming a comprehensive layout from models to platforms, and finally to applications and devices. As the commercialization of AI gradually enters the implementation phase, products such as Agent, AI glasses, AI headphones, and AI toys have attracted market attention, and the AI industry is expected to accelerate further. It is recommended to focus on three major investment directions: 1) Remain bullish on domestic manufacturers benefiting from increased government spending, with recent Orders already showing signs; 2) Be optimistic about the new generation computing platform and new generation productivity tools; 3) Pay attention to debt transformation and CNI Data Factor Index related symbols.