ChatGPT行业研究：AIGC商用在即，AI算力景气提升

投资要点  5% 0% -5% -10% -15% -20% -25% -30% -35% -40% -45% 2022-02-252022-07-252022-12-20 沪深300指数 人工智能指数：931071.CSI     请阅读最后评级说明和重要声明 .................................................................................................................4 ............................................................................................................................4 ...................................................................................................4 .....................................................................5 ...............................................................................6 .......................................................................................................................6 ................................................................................................................7 ...................................................................................................................9 ..................................................................................12 ...........................................................................................................12 ................................................................................................14 .............................................................................................................................16 .............................................................................................................................17 1 ...............................................................................................................................................4 2 ..........................................................................................................................................5 3 .................................................................................................................................................6 4 .................................................................................................................................................6 5 ......................................................................................7 6 ...................................................................................................................................7 7 ..................................................................................8 8 .................................................................................................................8 9 ..............................................................................................................9 10 ........................................................................................10 11 ....................................................................................................................................10 12 ........................................................................................................................................11 13 ..............................................................................................11 14 .....................................................................................................................................12 15 ......................................................................................................................12 16 ..................................................................................................................13 17 ......................................................................................................................13 18 ..................................................................................................................................15 19 ..........................................................................................................................15 20 ..........................................................................................................................15 1 ............................................................................................................................................5 2 .................................................................................................................9 3 ......................................................................................................................14 EFLOPS 1400 1271.4 1200 1000922.8 800 640.7 600 427 400 268 200 155.2 31.7 75 0 2019 2020 2021 2022 2023E2024E2025E2026E 亿美元 1000920 800 776 630 600 400 200 490 361 255 175 0 2020202120222023E2024E2025E2026E 亿元 1400 1200 1206 1000 800 850 600 400 427 200 0 48 64 124 191 201720182019202020212022E2023E