CITIC Securities: Bullish on GTC 2026 Conference to Further Strengthen Market Confidence in Sustained Growth of AI Industry and Realization of Incremental Logic

On March 16, CITIC Securities stated that NVIDIA’s GTC 2026 conference is approaching. The company’s chip product lineup is expected to expand further. In addition to the full set of six core chips for the Vera Rubin AI platform, there is a possibility of unveiling Rubin Ultra chips and more details about server cabinets at the conference, bringing innovations in data connectivity, power supply, and other architectural designs. The introduction of new products such as orthogonal backplanes and CPOs is expected to become more visible. Meanwhile, NVIDIA may also announce the LPU inference chip, which will expand its inference ecosystem alongside the CPX chip. Additionally, NVIDIA might outline the next-generation Feynman architecture upgrade, sharing insights and judgments on future computing infrastructure and the AI industry. The market is optimistic that GTC 2026 will further strengthen confidence in the sustained growth and incremental logic of the AI industry.

Furthermore, CITIC Securities pointed out that pig prices have fallen to a 10-year low. With ample supply, pig prices are expected to fluctuate at low levels in the first half of 2026. Continuous losses and increasingly strict capacity regulation policies are likely to accelerate capacity reduction, making pig industry prosperity in Q4 2026 and 2027 possible. Currently, the sector’s valuation is low, and it is recommended to continue focusing on leading companies with cost advantages and dividend potential, as well as undervalued enterprises.