TF SECURITIES

Tianfeng: Core business valued at 27 times PE, automotive sector at 3 times PS, totaling 1.04 trillion yuan, corresponding to a stock price of 41.7 yuan.

PS: Driven by DeepSeek, the AI boom continues and propels the semiconductor industry to thrive. Source: Tianfeng Securities. $NVIDIA(NVDA.US) The company's market value recently plummeted by $60 billion, indicating the significant impact of DeepSeek on the industry. Although Nvidia has established a reputation for leading AI hardware development with advanced chips, DeepSeek has demonstrated that significant progress can be made even without substantial computing resources. This achievement challenges the long-held belief that "hardware advantages determine market success"...