On August 20th, a research report from CITIC Securities highlighted that Tencent's capital expenditures in the second quarter of 2026 surpassed expectations, with a continued emphasis on bolstering AI infrastructure and procuring domestic computing power. It is anticipated that clarity regarding domestic computing power orders will further enhance in the latter half of the year, accompanied by an acceleration in supply chain inventory buildup. Consequently, it is advisable to focus on leading manufacturers within the domestic computing power industry chain.