Lates News

CICC Securities research report stated that on June 30, 2026, Meituan released the first trillion-parameter model that completed the entire process of training and inference on a domestic computing power cluster of 50,000 cards. Currently, the domestic computing power system has the capability to train from inference. In addition, after the official release of DeepSeekV4 in mid-July, the "peak-valley pricing" mechanism will be introduced, doubling the price of peak API calls. The constraint on domestic computing power supply is still strengthening. We believe that the clarity of domestic computing power orders has significantly improved at this stage, and companies with the design to prioritize customer orders and capacity may benefit first. We continue to hold a positive outlook on the domestic computing power industry chain, from scarce advanced process capabilities to a wide range of design companies to super nodes, all will see a surge in opportunities. At the same time, advanced processes, advanced packaging, advanced storage, and supporting industries are expected to see strong growth momentum.