A research report from Galaxy Securities reveals that within a mere 48 hours post-launch, Kimi K3's request volume surged to the maximum capacity of its existing cluster, necessitating the temporary halt of new user membership subscriptions for C-end consumers. This phenomenon underscores both the exceptional prowess of the Kimi K3 model and the prevailing scarcity of computational resources. Galaxy Securities posits that Kimi K3's emergence has not curbed the demand for computational power; rather, as the capabilities of domestic open-source models draw closer to those of the world's premier closed-source counterparts, it has spurred leading large-scale model developers to sustain their competitive edge through expansive training regimens and accelerated iteration cycles. This, in turn, fuels an unrelenting demand for inferential computational power.

Presently, Kimi K3 has swiftly integrated with multiple domestic computational platforms, amplifying the need for domestic super nodes and propelling growth across various segments of the domestic computational industrial chain. This encompasses servers, switches, optical modules, liquid cooling systems, and power supplies. Galaxy Securities recommends keeping a close watch on domestic super nodes and the pertinent companies operating within the industrial chain.