A research report from CITIC Securities reveals a notable trend in AI computing clusters: the focus is transitioning from "piling on computational power" to "vying for network efficiency." In this context, high-performance, high-bandwidth, and low-latency networks have emerged as pivotal elements for boosting data center capabilities. Laser chips, as the essential component of optical modules, play a decisive role in determining the electro-optical conversion efficiency and the pace of product innovation within the optical module sector. CITIC Securities predicts that with the proliferation of Scale-out/Scale-up network supernodes and ongoing technological progress, the laser chip industry is poised for a surge in value and substantial growth opportunities. Simultaneously, the laser chip market is witnessing swift expansion and a supply-demand gap, fueled by strong market demand and temporary capacity limitations. This environment is causing leading manufacturers to shine, with their future growth potential being highly regarded.