In response to market rumors that major companies are cutting AI demand, triggering concerns about the scale and growth rate of tech AI spending, multiple companies in the computing power industry chain responded that there have been no signs of reduction and that orders on hand are sufficient. Xiechuang Data stated that there are currently no signs of reduction, and the capital expenditure of leading domestic internet companies is expected to remain at a relatively high scale next year, with investment in computing infrastructure expected to maintain strong momentum. Xingyun Technology said that the cumulative scale of computing power and storage-related orders disclosed in announcements this year is approximately 20.641 billion yuan. GigaDevice stated that the rapid development of AI is driving strong growth in demand for memory chips and generating spillover effects, and the prosperous trend in the memory industry continues; major manufacturers are shrinking or transferring capacity and exiting niche markets, and overall supply of niche memory will remain tight. Ruikeda stated that 400G/800G AEC products have gradually entered volume delivery, and production capacity continues to ramp up.