Goldman Sachs: OpenClaw showcases the potential of AI applications, reiterates a positive outlook on the AI infrastructure supply chain.

Goldman Sachs Group, Inc. released a research report stating that the open-source artificial intelligence agent OpenClaw is capable of performing practical tasks. Its rapid proliferation demonstrates the immense potential of artificial intelligence applications, and it is rapidly expanding its scale by meeting user demands with killer features. The firm reaffirmed its positive outlook on the artificial intelligence infrastructure supply chain, and expects exponential growth in semiconductor and hardware demand once the reasoning demand takes off. The stocks expected to benefit include domestic graphic processing units and specialized integrated circuit companies such as Cambricon (688256.SH), MetaX Integrated Circuits (688802.SH), BIREN TECH (06082); server and switch foundry companies such as Inspur Group (000977.SZ), Ruijie Networks (301165.SZ); optical module companies such as Zhongji Innolight (300308.SZ), Eoptolink Technology Inc. (300502.SZ), Suzhou TFC Optical Communication (300394.SZ); printed circuit board and copper foil companies such as Victory Giant Technology (300476.SZ), Shennan Circuits (002916.SZ), Shengyi Technology (600183.SH), Wus Printed Circuit (002463.SZ). Furthermore, the firm expects cooling equipment companies such as Shenzhen Envicool Technology (002837.SZ), data center companies such as GDS-SW (09698) and VNET Group, Inc. Sponsored ADR (VNET.US), as well as large language models and cloud providers such as BABA-W (09988), TENCENT (00700), SENSETIME-W (00020), and KINGSOFT CLOUD (03896) to benefit from this trend.