According to a research report from CITIC Securities, the investment-driving influence of the real estate sector and traditional infrastructure has been gradually diminishing in recent years. Conversely, the burgeoning demand for AI tokens has carved out fresh avenues for sustained growth in computing power. Both Chinese and U.S. firms are concurrently ramping up their capital investments, and there remains ample space for expansion in domestic computing power expenditure. From a policy perspective, the rollout of the 'Six Networks' initiative is poised to unleash trillion-yuan investments in computing power, paving the way for substantial opportunities in large-scale import substitution within the domestic chip, storage, and optical communications sectors. In tandem, China's electricity supply and the cost advantages of green power are significant. The nation is making rapid strides in establishing direct connections for green power and integrated source-grid-load-storage systems. This synergy between computing power and electricity is fostering unique industrial strengths. In terms of industrial chains, the surge in computing power construction has notably driven up demand for AI-related metals such as copper and tin. The tight supply-demand dynamics in the chip sector are rippling upwards to affect upstream raw materials and downstream consumer electronics. Furthermore, given the capital-intensive nature of computing power, IDC REITs are continuously diversifying their funding sources, thereby bolstering industry expansion. CITIC Securities projects a sustained uptick in prices for industrial metals, semiconductors, and end-user electronic products. This trend underscores the medium-to-long-term investment value inherent in industrial chains associated with computing power and electricity.