Huatai Securities: AI glasses are expected to upgrade from current information prompting tools to intelligent sensory gateways that perceive the world.

Huatai Securities believes that AI glasses are becoming one of the important hardware entry points in the era of intelligent beings. As large language models evolve from "passive response" to "active execution," AI glasses are expected to upgrade from current information prompting tools to information entry points for intelligent beings to perceive the world. The current global AI glasses market is at a critical point of transition from "no display" to "with display." Optimistic about Meta/Google launching the next generation of products with stronger AI functions in 2026/2027, driving further industry expansion. The Chinese industry chain has already laid out in key areas such as silicon-based OLED, optical waveguides, precision optics, ODM, lenses, CIS/LCOS, Micro LED, etc., and leading enterprises in relevant areas of AI glasses have formed a strong systemic competitiveness.