According to a research report by CITIC Securities, when we look ahead to 2026, the advancement of computing power is set to follow a highly predictable trajectory, with super-node technology anticipated to reach a pivotal turning point. The demand rationale is reinforced by the capital expenditures of leading companies, alongside the growing competitiveness of domestic computing power manufacturers. We maintain a positive outlook on the investment prospects for domestic computing power chip and system-level manufacturers. In the context of swift enhancements in model capabilities, AI applications are experiencing a broadening of their scope. We recommend focusing on AI applications in domains such as office productivity, programming, intelligent agents, and multimodal systems. Furthermore, with the backing of overseas expansion and domestic demand-boosting policies, AI applications are projected to seize new avenues for growth.