Guojin Securities says data is the chief bottleneck for physical AI
development—exemplified by humanoid robots—and a faster buildout of data
infrastructure will expand the data‑acquisition (DA) industry chain and
materially benefit suppliers. The report flags three investment themes: DA
hardware and supply chain, prioritizing high‑ASP, structurally advantaged
segments such as cameras, IMUs and tactile sensors; DA companies with cost and
quality barriers; and vertical applications where firms hold defensible,
scenario‑specific data assets.
