CICC: Very optimistic about AI-driven computing power demand and applications.

Citic Securities Investment said that recently, there has been increased volatility in the computing power sector. Looking back at the computing power sector since 2023, adjustments after the third quarter report are quite common. Considering the still very strong demand for computing power driven by AI, we believe that adjustments present opportunities. Currently, the world is in the midst of an AI industry revolution, which will have far-reaching implications. We cannot simply compare it to cloud computing and new energy of the past few years; instead, we need to observe it from a longer-term perspective and a higher viewpoint. Therefore, we are very optimistic about the demand and applications of computing power driven by AI. In addition, quantum technology, as a future industry that is a key focus of the country's development, bears the important responsibility of becoming a new economic growth point. Recently, there have been continuous advancements in the quantum computing industry, with China Telecom Quantum Group and Guodian Quantum successfully building and testing the superconducting quantum computer "Tianyan-287", and IBM releasing two new quantum processors. It is recommended to focus on key areas such as dilution refrigeration units and low-temperature coaxial cables.