Galaxy Securities: We recommend focusing on the main track of artificial intelligence and focusing on three main themes.

Galaxy Securities research report believes that the focus should still be on the main track of artificial intelligence, with a key focus on three main themes: 1. hardcore base: domestic computing power base, high-end chips, and large-scale models with independent and controllable core targets; 2. Overseas leaders, overseas computing infrastructure construction, overseas products, and AIAgent subscription models are expected to open up incremental revenue-type enterprises; 3. Leading companies in AI + applications with expected realization of scene monetization capabilities: focusing on AI + office, AI + finance, smart connected cars, and AI + medical leading companies.