Guangda Securities: Demand for AI computing power in US stocks is hot, and the optimistic sentiment driven by AI in the market is once again active.

Guangda Securities released a research report stating that since the second quarter of 2025, the US AI sector has been consistently strong, with key AI companies seeing valuation recovery, enjoying a higher premium compared to the software industry. From April 9 to July 28, 2025, tariff concerns eased, and US cloud companies indicated strong demand for AI computing power, with key AI computing power companies' market capitalization increasing by up to 102%. Guangda Securities selected 66 key AI companies from 2Q4 to 2Q7, and the valuation gap between key AI application companies and S&P North American technology software companies has returned to historical highs, indicating that the market optimism driven by AI is once again active.