CITIC Securities: Continues to have a comprehensive positive outlook on the domestic computing power industry chain.

According to the research report of CITIC Securities, the 2026 World Artificial Intelligence Conference will be held in Shanghai from July 17th to 20th, with a total of 112 forums in three major AI sectors, accounting for 64% of the total. The AI computing and embodied intelligence tracks will each gather over 200 companies. The conference will focus on four major points: 1) the release of new computing chips by companies like Vistronics, accelerating the commercialization process; 2) the appearance of tens of thousands and hundreds of thousands of nodes, leading the world in system-level computing power and supporting the continuous advancement of scenarios like cloud training; 3) the ongoing implementation of AI at the edge and AI applications; 4) the presentation of big models and other AI infrastructure-related technologies. With the continuous iteration and promotion of big models, AI infrastructure, computing chips, and cutting-edge technologies, we continue to have a full positive outlook on the domestic computing power industry chain.