CITIC Securities' analysis underscores that the artificial intelligence (AI) surge has exacerbated the power disparity, sparking transformations within the Internet Data Center (IDC) power systems. On the supply side, the surge in grid power prices has unveiled new investment avenues for small modular reactors (SMR). Concurrently, the Uninterruptible Power Supply (UPS) in power transmission and distribution systems is evolving towards a comprehensive Direct Current (DC) system, accompanied by consistent enhancements in output voltage levels. As server power supply density escalates, the demand and prices for related products are both on an upward trajectory, fueling the growth in demand for supercapacitors. Amidst the rapid expansion of IDCs, CITIC Securities remains optimistic about the increased penetration of High-Voltage Direct Current (HVDC) and the progress in market share secured by domestic server power supply brands. Furthermore, amidst capacity constraints, novel products such as domestic supercapacitors are anticipated to penetrate international markets. CITIC Securities advises investors to prioritize enterprises that possess strengths in both technical prowess and overseas market access.