A research report from CSC Financial indicates that in 2026, driven by the popularity of "crayfish," rapid model iteration, and continuously rising global Capex investment, the A-share AI industry will see the computer sector exhibit a market trend in the first half of the year characterized by "increased capital expenditure driving rising hardware demand expectations," followed by "rising application expectations" in the second half. Currently, domestic intelligent computing center construction is accelerating, the penetration rate of domestic AI chips in both training and inference continues to climb, AI applications are moving from proof of concept to implementation in vertical scenarios, model ARR and token growth are exponential, computing power service prices are rising, and the AI industry continues to maintain strong momentum. Looking ahead to 2027, the main theme of AI investment will shift from investment expectations to ROI realization, with the core variables being the pace of domestic substitution and the validation of application commercialization. We recommend focusing on four directions: domestic computing power, AI applications and models, information technology application innovation, and future industries.