CITIC Securities: Outlook for 2026, computing power is expected to continue to thrive, AI applications are at a turning point opportunity.

According to the research report of CITIC Securities, it is expected that the performance of the computing power sector in 2025 will continue to grow in the background of the continuous realization of Capex by CSP major factories, the continuous release of Token demand, and the continuous improvement of product capabilities; AI applications show structural highlights, such as AI fintech, AI medical care, AI data and other fields performing outstandingly, and general Agent applications also show resilience growth; overall profitability of the sector is expected to significantly improve. Looking ahead to 2026, the computing power sector is expected to continue to prosper, and AI applications will usher in a turning point opportunity.