In a research report released on May 19, CITIC Securities highlighted that the Trump administration in the United States has rescinded the Biden administration's "Artificial Intelligence Export Control Framework" rules, replacing them with three newly issued AI chip export control compliance guidelines. These revised guidelines, while simplifying the regulatory landscape, impose stricter restrictions on China's AI development, suggesting a potential expansion of enforcement efforts in the future. This shift is expected to bring about certain positive adjustments to overseas AI industry chains, such as that of NVIDIA. Within China, the focus remains on enhancing autonomous controllability and domestic computing capabilities, aiming to fortify the country's AI supply chain and technological ecosystem. CITIC Securities maintains its recommendation for domestic sectors related to autonomous controllability, including wafer foundries, computing chip design, semiconductor equipment, and advanced packaging industry chains. Additionally, the firm suggests keeping an eye on short-term emotional recovery opportunities within the NVIDIA supply chain.