Brokerage strategy meeting to assess 2027 industry opportunities: computing power investment focuses on delivery

Following CITIC Securities' 2027 capital market strategy conference held in Wuhan on November 3, Shenwan Hongyuan Securities, China Securities, and Kaiyuan Securities also held strategy conferences on November 10. Looking ahead to next year, many brokerages remain optimistic about the AI industry chain, but place greater emphasis on actual returns when judging investment opportunities. As cloud providers increase investment, which applications can generate sustained revenue and which hardware companies can convert orders into profits have become the focus of industry analysts. Analysts believe that whether domestic computing power chips can be delivered stably, whether demand for high-speed optical modules can continue, and whether power supply can keep pace with the pace of rack installation will affect the performance of each link in the computing power industry chain. In addition to AI, the third-quarter results of some medical device companies exceeded expectations, and the textile and apparel industry chain's inventory is at a low level with capital expenditure slowing, also providing clues for observing changes in industry prosperity.