CITIC Securities: Strong Growth in AI Computing Power Demand, Some Companies in the Computing Power Industry Chain Achieve Significant Performance Increases

CITIC Securities Research Report states that recently, the performance of the computing power sector has been quite mixed. CITIC Securities expects this is partly because the market still has differing views on demand prospects for 2027, and partly because the sector is heavily weighted in holdings. They believe that adjustments present opportunities. Currently, AI large models are continuously iterating and upgrading, with strong demand for computing power. From a mid-term perspective, CITIC Securities still recommends paying close attention to the AI sector. On one hand, they continue to recommend the AI computing power sector, including core companies in the North American and domestic computing industry chains; on the other hand, they also suggest focusing on AI application sectors, especially the progress of edge AI Agents. Additionally, CITIC Securities recommends paying attention to sectors like submarine cables and optical fiber cables, military communications, and commercial aerospace, which may see marginal improvements in the future, as well as the quantum technology sector where domestic and international giants are increasing their investments.