Galaxy Securities: Domestic GPU development is expected to accelerate, driving integrated circuit manufacturing as well as demand for equipment and materials.

Galaxy Securities pointed out that although the market is worried about the existence of a bubble in AI, we believe that AI is still in the early stages of development, and the financial condition of the top internet companies in the United States is still relatively healthy, with future capital expenditures still having room to grow. MaxiShares, Moore Threads, and Daysmart Semiconductor have successively landed in the capital market, and the development of domestic GPUs is expected to accelerate, thereby driving the demand for integrated circuit manufacturing as well as equipment and materials.