CITIC Securities: Oracle's cloud orders surge, AI computing power demand strong.

According to CICC news, Oracle's financial report shows that its cloud orders soared to $45.5 billion, more than four times higher than the same period last year. The significant increase in demand for computing power infrastructure from AI customers has driven up revenue for both Oracle Cloud and Alibaba Cloud. CICC recommends paying attention to the computing power infrastructure industry chain, especially the strong demand in the domestic and international AI computing power market. In addition, China Mobile has launched a bid for hollow-core optical fiber, indicating that domestic internet companies are accelerating the adoption of new optical cable technologies to meet the demand for AI. China and the United States will discuss economic and trade issues in Spain, and the anti-dumping investigation by the Ministry of Commerce on American chips has also attracted attention.