AI titans enter a new era of "three supers", with funds focusing on investment opportunities in "computing power competition".

Since the beginning of this year, the demand for artificial intelligence computing power has been soaring, driving up the stock prices of AI chip and related companies significantly. A group of A-share benchmark companies such as Cambricon, Sheng Hong Technology, New H3C, and Industrial Fulian have repeatedly set new stock price highs and attracted market attention. After the simultaneous rise of stock prices and performance of AI concept stocks, the market has started to worry about the potential risks of overheated valuations, technological bottlenecks, and funding games. At this moment, NVIDIA and OpenAI announced a shocking investment plan, with both parties investing billions of dollars to jointly build a 10-gigawatt super AI data center and deploy millions of GPUs to support the training of the next generation of large language models. This heavyweight move has further ignited market expectations for the future of AI computing power. Recently, several mutual fund managers, in interviews with Securities Times journalists, stated that the global AI competition is entering a new stage, with the competition for AI infrastructure characterized by "ultra-large scale, ultra-high energy consumption, and ultra-high investment" officially kicking off - from chips to liquid cooling technology, from computing clusters to energy support, a global AI computing power industry chain is being fully activated. At the same time, the focus of competition among countries is quietly shifting from "model competition" to a more fundamental, core "computing power competition".