On May 31, Guotai Haitong reiterated its 'Overweight' rating for the overseas AI computing power and application industry chain. The research report highlighted that the swift progress of OpenAI and Anthropic not only signifies the ongoing enhancement of AI model capabilities but also fuels a surge in demand throughout the entire AI industry chain. The report suggests paying close attention to three key areas: Firstly, the hardware supply chain that benefits from the computing power expansion of leading global model manufacturers, encompassing GPUs, ASICs, CPUs, storage, advanced process and packaging technologies, as well as semiconductor equipment. Secondly, cloud services and infrastructure platforms that manage AI workloads and facilitate model distribution. Thirdly, companies that possess the capability to implement full-ecosystem and full-scenario application solutions.