According to a research report by CITIC Construction Investment, AI technology is advancing at a remarkable pace, characterized by the continuous refinement and enhancement of large-scale models. This technological evolution has significantly driven up the demand for computing power. For instance, the latest model released by Zhipu AI showcases marked improvements in programming capabilities, while Seedance has garnered widespread acclaim for its exceptional video generation abilities. The report highlights that the commercialization path for large-scale models is becoming increasingly defined, shifting from initial low-cost or complimentary offerings to premium, high-quality paid services, which in turn fuels the demand for robust computing resources. During the recent holiday season, select AI computing and optical communication stocks on the US stock market demonstrated robust performance. Jensen Huang, a prominent figure in the industry, announced that a cutting-edge chip will be introduced at the upcoming GTC conference in March. CITIC Construction Investment maintains a bullish outlook on the AI industry chain, encompassing both large-scale models and the broader AI computing infrastructure.