Domestic computing power is: major companies are increasing investments, and multiple links in the industry chain are .

The domestic computing power industry chain is experiencing a new wave of investment enthusiasm. SMIC revealed that Chinese internet companies have significantly increased hardware investment, surpassing the company's previous forecasts, and customer offline volumes have exceeded original expectations, leading to shortages in many components. Tencent has greatly increased its computing power procurement, and Alibaba is expanding the global capacity of its modular data centers. GF Securities pointed out that cloud vendors increasing capital expenditure has once again become a positive factor for the AI industry chain. Against the backdrop of cloud vendors investment expansion already starting to yield certain profit returns, higher investments in AI infrastructure can not only elevate cloud vendors' long-term profit expectations but also imply a stronger demand for hardware procurement, thereby alleviating concerns in the market regarding the slowdown in growth of upstream chip, communication, and storage orders.