According to the research report from CITIC Securities, since late September this year, overseas large - scale AI models, including Sora2 and Claude Sonnet 4.5, have delivered performances that far exceed expectations. It is anticipated that the process of commercialization and monetization within the AI industry will pick up speed.

Concurrently, AI tech behemoths like OpenAI are ramping up their computing - power deployment efforts, underscoring the pivotal role that computing power plays in the AI sector.

The domestic AI industry is also on a fast - track to catch up. There has been remarkable progress in terms of both model capabilities and the deployment of computing - power clusters.

As a result, CITIC Securities holds a positive outlook on the future growth of leading companies operating in computing - power related segments, such as optical modules, optical fiber cables, and liquid cooling, both domestically and internationally.