In recent years, AIGC can be described as very popular, causing Beiluodu to post a blog lamenting that it is really convenient and trouble-saving to use AI to make pictures.
And judging from the pictures he sent, it is called a beautiful, and there are several versions of different styles to choose from, and even very fast. (Design: Danger!) ）
Seeing the east wind of AIGC blowing stronger and stronger, and the TMT sector to which it belongs will also welcome development opportunities.
01
The timing is opportune for you
The TMT sector is divided into technology, media and communications, and technology is subdivided into computers and electronics, and there have been three rounds of rally in the past ten years.
Two of the larger levels were triggered or driven by technological innovation, and there was a clear divergence in the performance of the industry within the sector.
For example, from 2013 to 2015, the mobile Internet market brought about by the innovation of smart phones and communication technology; From 2019 to 2020, the background of 5G networks will be superimposed on the domestic substitution of semiconductors, and the digital economy will flourish.
The current round of TMT market began with Xinchuang and exploded in AI.
Although the correction began in June, the communications, media, and computer industries still ranked in the top three year-to-date, and electronics suffered from consumer electronics and semiconductors, slightly behind, ranking 11th in 31 industries.
(Source: Choice, as of September 28, 2023)
Whether the market continues and whether it will further develop into a large market like the previous two times, the most direct influencing factor is the subsequent development of the AI industry chain.
Since the emergence of ChatGPT at the end of 2022, the AI industry chain has reached a critical stage of application landing, and the industrial scale and market scale are growing rapidly.
With the rapid advancement of downstream applications, upstream demand will further expand, which will directly benefit the media and computers in TMT.
In addition, the state also strongly supports the digital economy, especially after the trade dispute in 2018, the state has introduced a series of policies favorable to the digital economy and artificial intelligence.
It can be said that this technological revolution led by AI is not like the meta-universe of the year, but just a speculation concept, and the market prospects it contains are very broad.
While ChatGPT launched new voice and image functions and continued to upgrade, many companies are also grasping the layout to further seize the market, Microsoft new AI software, and AMD in order to catch up with the number one rival NVIDIA, acquired the open source AI software company Nod.ai.
However, from quantitative change to qualitative change still requires a process, and this process is often the easiest for people to overlook. Just like technology, every small breakthrough is changing history, but only when people enjoy its fruits will it leave a trace.
02
Stay on the look
The market has repeatedly fluctuated, the industry rotates rapidly, and it is always easy to admire and return on the hot track.
Nowadays, TMT has long disappeared from the heavy positions of many funds, but there are also fund managers who are still firmly optimistic and can give a good answer.
Li Tao is a very firm watchman in the industry, which is related to his "study and investment" experience.
He came from the Department of Electronic Engineering of Tsinghua University majoring in electronic science and technology, and then studied for a PhD at Tsinghua Institute of Microelectronics, majoring in EDA computer-aided design, and his supervisor at that time was one of the participants of the first generation of Chinese EDA systems.
EDA tool software, also known as the "mother of chips", is an indispensable basic tool in the chip industry chain, and is a link in the neck of the jammed, which is both a pain point and a difficult point.
The direction of EDA is also Li Tao's special optimism in the computer industry, he has studied in depth, and will also have his own professional considerations in industry judgment and stock selection.
After entering the public offering industry, Li Tao became one of the earliest TMT buy-side researchers in the market, and as a fund manager, he mainly managed TMT industry funds.
Harvest Information Industry Stock Initiator A is up 21.22% so far this year, outperforming CSI TMT's 4.61% and CSI 300's -7.03%. (Source: Choice, Statistics Date: 2023/1/6-2023/9/28)
As a new foundation that was established in December last year, the size of the fund was only more than 20 million yuan, and at the end of the first quarter of this year, the share of the fund had reached 297 million.
Among them, the share of Harvest Information Industry A increased by more than 10 times, and as of the end of the second quarter of this year, the net value reached 225 million yuan.
The positioning of this fund is very clear, that is, to actively layout the core leading companies in China's information industry, and the allocation direction mainly revolves around the three areas of information creation, data elements and artificial intelligence, which is also vividly reflected in the fund's heavy stocks.
It outperformed the media, computer and electronics industries this year. This is an advantage of active equity funds, fund managers can rely on their own professionalism and ability to control the direction to obtain excess returns in the industry beta.
Almost all of the stocks that Li Tao has heavy positions in are industry leaders, or some reserves with development potential.
For example, Shen Sanda A, as the national team of digital economy, iFLYTEK, a leader in the field of intelligent voice, Yuanguang Software, a leader in financial systems in the power industry, COSCO Shipping Technology, which focuses on the research and development and application of navigation technology, and so on.
Today's TMT sector has also picked up, such as iFLYTEK in which iFLYTEK once had a limit increase.
Li Tao has a great sense of identification with the TMT industry, making him willing to accompany those high-quality companies to grow, but the growth style cannot escape a topic - volatility, the price of long-term holding is volatility may also be long-term.
Either always have a sobriety, grasp it in time in the face of phased opportunities, and make a decision when the opportunity is up; Either set a stock price target, consider many factors in the face of volatility, and adjust accordingly, but still consider the outlook.
Whether you feel it or not, technology is indeed changing lives, and AIGC is changing many industries.
Just like Apple, which was born in the era of mobile Internet, we always expect that under the wave of artificial intelligence, a trillion-level, or even a billion-level company can be born.