Lates News

Tianfeng Securities pointed out that the high Capex prosperity continued model iteration catalyzed a new round of reasoning demand release, and the computing power end continued to show a high prosperity trend. Tech giants such as Microsoft, Google, Meta, etc. successively raised their full-year capital expenditure guidance, reflecting the continued acceleration of AI infrastructure construction. In the second half of the year, the inference and training computing power demand at the data center end will simultaneously see a significant increase, driving the continuous improvement of the prosperity of core elements such as GPUs, ASICs, optical communications, and liquid cooling. It is recommended to focus on core hardware targets benefiting from AI inference acceleration.