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China Galaxy Securities highlights the escalating overseas demand for tokens, fostering a virtuous cycle between AI computing power and applications. In this context, domestic enterprises related to the NV chain merit close scrutiny. Additionally, ByteDance has firmly established itself as a frontrunner in the AI application ecosystem, with its ecosystem partners likewise attracting investors' attention. Notably, the business model of AI Agents is transitioning from merely 'providing tools' to 'delivering value', thereby opening up fresh investment avenues for know-how companies operating within vertical industries. Specifically, vertical SAAS enterprises that are pioneers in the realm of AI Agents and possess a robust presence in their respective markets warrant particular attention.
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