对话2026 | 机械：AI浪潮开启智造新周期

华创证券研究2025-12-25

#2026年度展望AI浪潮开启智造新周期AI浪潮开启智造新周期。AI正在为传统的装备行业注入感知、决策与进化的“灵魂”。装备行业的投资的核心逻辑已从追逐周期波动，转向聚焦于那些能够定义未来、并承载AI浪潮的“新硬核”资产。人形机器人：基本面为锚，寻找估值弹性。作为AI具身智能的终极形态，它不仅是精密机械的集大成者，更是AI理解并交互物理世界的通用平台，将率先在解放劳动力领域引爆变革。AI PCB...

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