A comprehensive research report by China Securities underscores that the AI industry chain stands at a pivotal juncture, transitioning from technological to commercial value. Both hardware and software components are experiencing a surge in development momentum. The report emphasizes the importance of focusing on the following three key aspects: Firstly, substantial investments from leading corporations are propelling the advancement of the underlying computing power industry chain. This includes the persistent rise in AIDC demand, the drive towards autonomous controllability of computing power chips, and the burgeoning opportunities for associated enterprises amid the escalating demand for model privatization. Secondly, B-end and C-end software enterprises, characterized by deep industry expertise, a robust customer base, and well-defined application scenarios, exhibit significant growth potential. For instance, the logic of OA+ERP as a strategic B-end entry point remains steadfast, while AI is progressively being integrated into vertical sectors such as government, finance, and energy. Lastly, the infrastructure development supporting the AI industry chain is receiving immense attention, particularly data processing and large model security providers, who are poised to encounter an influx of developmental opportunities.