Behind the detonation of the "Consumer Electronics Spring Festival Gala" by AI PC: the leading stock price of A-shares hit a record high

Finance Associated Press, January 13 (edited by Xuan Lin Liu Yue) AI PC has become one of the hottest concepts in the technology circle recently. At the just-held 2024 CES exhibition, known as the "Spring Festival Gala" of consumer electronics, a number of technology giants brought AI PC-related products to the focus of the event. It is understood that Lenovo Group, the world's leading PC group, exhibited more than 10 AI PCs in this exhibition; chip giant Nvidia (NVIDIA) released three new GPU chips specially launched for AI PC devices during the exhibition, which said that compared with ordinary PCs, the system performance of laptops based on RTX AI has been increased by up to 60 times; PC brand Acer has launched the second wave of AI PC products after launching the first wave of AI PC products at the end of last year.

In the secondary market, Lenovo Group's Hong Kong stock hit a record high last week, and Nvidia's market value soared by nearly $80 billion overnight after releasing a new GPU chip, and the stock price refreshed a record high for four consecutive days. On the other side of the ocean, the A-share AI PC concept stocks are not far behind, the leading Zhiwei Intelligence hit a record high on Friday, and closed on Thursday with 11 days and 7 boards, and Lenovo supplier Green Precision closed 20CM on Thursday. In addition, Microsoft closed up 1% on Friday, overtaking Apple to regain its position as the world's most valuable company. Microsoft recently announced the introduction of the Copilot key to Windows 11 PCs, giving users quick access to the AI-powered Windows Copilot service with just a keyboard key, and the first devices with the new keys will be available this month.

Zhong Xiaolei, a research analyst at Canalys, said that from the perspective of the application of AI large models, PCs are currently the optimal carrier of large models, and AI has an immediate effect on the efficiency of such productivity equipment. Huo Jinjie, President of IDC China, said bluntly, "AI PC will be the first terminal of personal large-scale model inclusiveness, carrying the historical mission of technology inclusiveness. On the evening of December 14, Beijing time, the release of Intel Core Ultra mobile processor unveiled the curtain of the AI PC trillion dollar market, Dongguan Securities Luo Weibin and others said in a research report on January 10 that Lenovo, Asus, Dell, MSI and many other manufacturers then actively followed up and released related terminal products, with the active participation of the upstream and downstream of the industrial chain, it is expected that AI PC is expected to usher in a large volume in 2024, and the first year of AI PC will officially open.

The AI PC is the lifesaver of the PC industry. According to Gartner data, the global PC industry has shifted from an incremental market to a stock market since 2011, and after rapid growth during the epidemic dividend period from 2019 to 2021, global PC shipments have declined for many consecutive quarters since the fourth quarter of 2021. In 2022, global PC shipments will decline by 16.6% year-on-year, and in 2023, global PC shipments IDC is expected to decline by 13.8% year-on-year.

Canalys' latest forecast for PC shipments in 2024 will be 267 million units, a year-on-year increase of 7.6%, of which AI PCs will account for nearly one-fifth, and by 2027, this proportion will quickly grow to more than 60%. IDC predicts that China's PC market will maintain a stable growth trend in the next five years due to the arrival of AI PCs, and the total market size of desktops, laptops, and tablets will increase from 68 million units in 2023 to more than 80 million units in 2027, an increase of nearly 18%. The proportion of new machines assembled in the Chinese PC market will rise rapidly in the next few years, reaching 85% by 2027, becoming the mainstream of the PC market.

▌A-share AI PC concept stocks: Zhiwei Intelligence's share price hit a record high, Emdoor Information fell three percent in ten trading days, and Lenovo supplier "Gemini" Everbright Tongchuang and Green Precision have very different trends

Catalyzed by multiple positive factors, A-share AI PC leader JMicron hit a record high in intraday trading on Friday, and closed on Thursday with 7 boards in 11 days, with the largest increase of 110% in stock prices since October last year. JMicron mentioned in the institutional survey on December 12 that before the advent of the AI era, JMicron had invested a lot in technology and developed the world's first green PC. After the advent of the AI era, JMicron will also accelerate technology upgrades and iterations and launch more AI products.

At the same time, JMicron superimposed the concept of Hongmeng, and announced in December that it signed a "cooperative development agreement" with Chinasoft International to jointly create domestic independent and controllable open-source Hongmeng Internet of Things terminals and computer products. Stimulated by the good news such as Wanda Hotels & Resorts launching the development of Hongmeng native applications and meta services, and JD.com officially launching the development of Hongmeng native applications, the Hongmeng plate set off a tide of daily limits on Friday, and Zhidu shares and Huali shares closed with two consecutive boards, and Yahua Electronics once touched the 20CM daily limit.

Another AI PC concept stock, Emdoor Information, has gained 2 falling limits in the last 10 trading days, and the stock price has fallen by 30% since the high point on December 29. Emdoor Information said in the institutional research announcement on December 1 that Emdoor Information has been actively following up on mainstream models such as big language and AIGC, and is developing a PC platform designed for generative AI, which can generate images through Stable Diffusion on the PC side to achieve the company's mission of "making cutting-edge technology more approachable". At the same time, Emdoor Information subsidiary Yijing Virtual self-developed MR products, previously catalyzed by the release of Apple's VISION PRO, the company's stock price rose by 122% from October 23 to December 29.

Lenovo supplier Green Precision closed on Thursday with a 20CM limit. According to public information, Green Precision is a professional manufacturer of precision structural parts, which can provide a package of technical solutions and "one-stop" manufacturing and delivery services for terminal products such as AI PC. Lenovo is one of the important customers of Green Precision, and its precision structural products are mainly used in its terminal products such as smartphones and tablets.

However, Everbright Tongchuang, a core supplier of Lenovo Group's notebook products, closed down in eight of the last nine trading days, with the largest drop of 26% since the high on November 7. In 2020, Everbright Tongchuang successfully launched carbon fiber backsheet products and passed the certification of Lenovo Group, breaking the exclusive monopoly of well-known Japanese material companies. Huang Junwei and others of Huaxin Securities said in a research report on October 27 that AIPC equipped with personalized customized large models has applied higher performance GPUs and CPUs, and the demand for heat dissipation performance will be greatly increased.

(Finance Associated Press, Xuan Lin, Liu Yue)