3000 points in Luyang, film and television win eight consecutive yang!

Edited: Ye Feng

On February 23, the market continued to be strong after 7 consecutive days, and the Shanghai Composite Index rose for 8 consecutive days and successfully regained the 3,000-point integer mark. At the close, the Shanghai Composite Index rose 0.55% to 3,004.88 points, the Shenzhen Component Index rose 0.28%, and the ChiNext Index rose 0.02%. In terms of volume and capacity, the trading volume of A-shares was 930.53 billion yuan throughout the day, a significant increase from the previous month, and the outflow of northbound funds narrowed significantly in the afternoon, with a slight net sale of less than 100 million yuan throughout the day. In the industry, boosted by the sentiment of the Sora model and the performance of overseas chip leader Nvidia exceeding expectations, media and computers led the gains.

Source: WIND

Or by the Sora concept, the film and television ETF (516620) rose sharply on February 23, closing up 3.66% throughout the day. The game ETF (515010) also performed well on February 23, closing up 2.40%. In terms of gains in the past week, the film and television ETF (516620) recorded 10.59%, and the game ETF (516010) recorded 12.00%.

Source: WIND

During the Lunar New Year, the emergence of Sora attracted widespread attention from all walks of life at home and abroad - OpenAI, the world's leading artificial intelligence model company, released the first video model Sora, which can input text/images and directly output video pixels, and the output video can be up to 60 seconds. According to the CITIC Securities Research Institute, Sora is currently a state-of-the-art (SOTA) model in the field of Wensheng video, which is significantly better than Pika and other products in the same category in terms of duration, storyboarding, physical engine, video format, semantic understanding and other fields.

According to the technical documentation on OpenAI's official website, OpenAI applies technologies such as spatiotemporal patches and diffusion converters to transform various types of visual data into unified representations, so as to achieve large-scale training of generative models, and finally realize the generation of videos and images with different durations, aspect ratios, and resolutions.

Although Sora still has problems such as high cost and some generated content that does not conform to the laws of physics, and it may take time for the application to be implemented, in the medium term, the application of Sora technology is expected to greatly improve the creative efficiency of media-related industries such as games and film and television, and lower the threshold for creation, thereby reducing costs and increasing efficiency in the media field.

In terms of media, after the early adjustment, the fundamentals of the game sector are still good and have certain investment value. Fundamentally, the game sector has been favored by "normalization of version number issuance + local games going overseas + AIGC-driven cost reduction innovation". After the normalization of the distribution of edition numbers, the domestic game market continued to expand.

The threshold for video creation is lowered, and cultural media is expected to set off a new wave: in traditional enterprise-level video production, whether it is film and television dramas, movies, or animation, a lot of manpower is needed to support the quality of the work, and the Sora model generates videos through natural language, which greatly reduces the difficulty of video creation.

In the long run, AIGC will bring "cost-reducing innovation", and the technology is expected to open up a long-term boom after it is put into application, and the continuous breakthrough of AI technology may accelerate this process. After the high-level correction of the game sector, the bubble in the short-term industry has basically cleared, and with the high-quality domestic games + the volume of new formats, the follow-up long-term value may be more prominent.

According to the statistics of Tianfeng Securities Research Institute, during the Spring Festival period in 2024 (February 10-February 17), the box office will be 8.051 billion yuan, +19.01% year-on-year compared with 6.765 billion yuan in the same period in 2023, and +2.67% year-on-year compared with 7.842 billion yuan in the same period in 2021. The cumulative number of moviegoers was 163 million, a record high, and the overall box office was higher than the predictions of Maoyan and other media.

Rich subject matter and high-quality content may be the core driving force to stimulate consumer demand, and the audience's pursuit of film quality and word-of-mouth and the supply of high-quality new films may gradually form a virtuous circle. In the long run, the film and television industry is also supported by AI empowerment, and the upgrading and commercialization of AI multimodal models are expected to help reduce costs and improve efficiency in the development and production of IP such as film and television and animation. You can pay proper attention to the game ETF (516010) and film and television ETF (516620).

The robot industry also rose brightly on February 23, the robot industry ETF (159551) closed up 2.35%, and the upstream industrial machine tool sector of the robot industry may benefit from this, and the industrial machine tool ETF (159667) closed up 2.09%.

Source: Wind

Walker S is UBTECH's industrial version of the humanoid robot, and the test content includes door lock quality inspection, 3D object (vehicle) precise positioning, seat belt detection, 3D navigation and obstacle avoidance, left and right lamp cover plate quality inspection, body quality inspection station tasks, high-precision compliance labeling, etc. Humanoid robots enter the factory to replace some repetitive positions, especially the long-tail work that the current industrial robots are not capable of, which is of great significance for solving the increase in labor costs and maintaining the competitiveness of the manufacturing industry. Humanoid robots enter the factory, and in continuous exploration and cooperation, find solutions corresponding to the real environment, which will help humanoid robots to be mature and positioned, and accelerate the landing.

In terms of the combination of artificial intelligence and the robot industry, on February 22, Nvidia announced that it will hold the GTC 2024 conference in March, when the latest progress of robots will be released. 2024 is the year of acceleration of the development of humanoid robots, technology upgrades, product releases and industrial chain verification will continue to appear, taking advantage of this wind of artificial intelligence, the robot industry is expected to usher in subversive development opportunities, it is recommended that interested partners through the robot industry ETF (159551) one-click layout of key companies in the robot industry.

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National Business Daily