On December 11, A-shares bottomed out and rebounded, and the Shanghai Composite Index rose 074%, the Shenzhen Component Index rose 082%, the GEM index rose 125%。On the disk, the multimodal AI concept plate rose 409%；*In terms of Suzhou Keda, Chinese**, Xuanya International, etc. have different degrees**. 
On the news side, Google recently announced the launch of the artificial intelligence model Gemini. In contrast to existing large models on the market, Gemini was created from the ground up as a multimodal model, which means that it can summarize, manipulate, and combine different types of information, including text, audio, images, and more. In terms of flexibility, it can run from the data center to mobile devices. According to CITIC**, the Gemini model, as the first multimodal model released by Google and the world, is the first model to surpass human experts on MMLU in terms of performance. The model is divided into three versions: Gemini Ultra, Gemini Pro, and Gemini Nano according to the size, and supports testing and running in the cloud and at the edge. At the same time, Google simultaneously released the latest version of the computing chip TPU V5P, which is 2% more cost-effective than the previous generation TPU V43 times. The official release of the multimodal Gemini model can broaden the expansion of application scenarios on the one hand, and continuously upgrade the computing power demand on the other hand. We continue to be optimistic about the prospects of the follow-up AI industry, and the release of follow-up GPT-5 and other models will also bring more catalysts. Tianfeng** pointed out that with the upgrade and iteration of ChatGPT, it has multi-modal capabilities, as well as the native multi-modal capabilities shown by Gemini. The agency believes that the wave of AI large models has entered a new stage, that is, from large language models to multimodal models. Recently, major changes and progress have continued to be made in the direction of AI large models, AI applications, computing power chips and other industries, and it is recommended to continue to pay attention to investment opportunities in the direction of the AI industry. Continue to recommend the high-quality targets that benefit from the core of AI computing power and the direction of subdivision tracks with a good high-prosperity pattern: AI and digital economy are still the main line, and in the future, it is necessary to grasp the core beneficiary targets: ICT equipment, optical modules, optical chips, computing power leasing, PCB, IDC liquid cooling and heat dissipation, GPT applications, telecom operators (digital economy + data elements + industrial Internet) and other related companies are expected to usher in new opportunities. Satellite Internet, "space-ground integration" is the key direction of 6G, and it is recommended to pay attention to the subdivisions of the communication and remote tracks. Haifeng will continue to prosper in the next few years, with high submarine cable barriers & good pattern & relatively low valuation, and investment opportunities are highlighted. 
Article**: Oriental Wealth Research Center).